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   "value": "Sezione 1 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Di<span class=\"_ _0\"></span>chiaraz<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>e di con<span class=\"_ _0\"></span>formit\u00e0 ai pri<span class=\"_ _0\"></span>ncipi<span class=\"_ _0\"></span> contabi<span class=\"_ _0\"></span>li in<span class=\"_ _0\"></span>ternazi<span class=\"_ _0\"></span>onali</span> </span>Il Bilancio consolidat<span class=\"_ _0\"></span>o di Anima Holding al 31 dicembre 2025 (\u201cBilancio consolidato\u201d), in applicazione de<span class=\"_ _0\"></span>l D. Lgs. n. 38 del 28 febbraio<span class=\"_ _0\"></span> 2005, \u00e8 redatto secondo i princ<span class=\"_ _0\"></span>ipi contabili IFRS emana<span class=\"_ _1c\"></span>ti dall<span class=\"_ _1\"></span>\u2019Int<span class=\"_ _1\"></span>erna<span class=\"_ _1\"></span>tiona<span class=\"_ _1\"></span>l Ac<span class=\"_ _1\"></span>counti<span class=\"_ _1c\"></span>ng Sta<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>rds Bo<span class=\"_ _1\"></span>ard (<span class=\"_ _1\"></span>IASB)<span class=\"_ _1c\"></span> e le<span class=\"_ _1\"></span> rela<span class=\"_ _1\"></span>tive i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>rpre<span class=\"_ _1\"></span>tazio<span class=\"_ _1\"></span>ni dell<span class=\"_ _1\"></span>\u2019Int<span class=\"_ _1\"></span>erna<span class=\"_ _1\"></span>tiona<span class=\"_ _1\"></span>l Fina<span class=\"_ _1c\"></span>ncial<span class=\"_ _1\"></span> Repo<span class=\"_ _1\"></span>rting <span class=\"_ _1\"></span>lnte<span class=\"_ _1c\"></span>rpreta<span class=\"_ _1\"></span>tions <span class=\"_ _1\"></span>Com<span class=\"_ _1\"></span>mitte<span class=\"_ _1\"></span>e (I<span class=\"_ _1\"></span>FRIC)<span class=\"_ _1\"></span>, omol<span class=\"_ _1c\"></span>ogati d<span class=\"_ _1\"></span>alla<span class=\"_ _1c\"></span> Commi<span class=\"_ _1\"></span>ssio<span class=\"_ _1\"></span>ne Eur<span class=\"_ _1\"></span>opea<span class=\"_ _1\"></span>, come s<span class=\"_ _1c\"></span>tabilit<span class=\"_ _1\"></span>o dal R<span class=\"_ _1\"></span>egol<span class=\"_ _1\"></span>amento C<span class=\"_ _1c\"></span>omunita<span class=\"_ _1\"></span>rio n<span class=\"_ _1\"></span>. 1606 d<span class=\"_ _1c\"></span>el 19 lug<span class=\"_ _1\"></span>lio 2<span class=\"_ _1\"></span>002. Non so<span class=\"_ _1\"></span>no sta<span class=\"_ _1\"></span>te eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>te derog<span class=\"_ _1\"></span>he all<span class=\"_ _1\"></span>\u2019appl<span class=\"_ _1\"></span>icazi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span><span class=\"ls0 ws0\">ei princ<span class=\"_ _0\"></span>ipi contabili IFRS.<span class=\"ls1 ws1\"> </span></span>L\u2019applicazione degli I<span class=\"_ _0\"></span>FRS \u00e8 stata effettuata facen<span class=\"_ _0\"></span>do riferimento anche al <span class=\"_ _0\"></span>\u201cQuadro sistematico per la prepar<span class=\"_ _0\"></span>azione e presentazione de<span class=\"_ _0\"></span>l bilancio (c.d. \u201c<span class=\"ff5 ls38 ws77\">F<span class=\"_ _0\"></span>ra<span class=\"_ _1c\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>ork<span class=\"_ _0\"></span><span class=\"ff1 ls11 ws83\">\u201d)\u201d, con particolare riguardo </span></span>ai principi di prevalenza della sost<span class=\"_ _0\"></span>anza sulla forma, di competenza, nonch\u00e9 ai concetti di rilevanza e sign<span class=\"_ _0\"></span>ificativit\u00e0 dell\u2019in<span class=\"_ _0\"></span>formazione.<span class=\"ls1 ws1\"> </span>Nella predispos<span class=\"_ _0\"></span>izione del Bilancio consolidato sono stati applicati i principi contabili IFRS omologati e<span class=\"_ _0\"></span>d applicabili ai bilanci degli eser<span class=\"_ _0\"></span>cizi che chiudono il 31 dicembre 2025.<span class=\"ls1 ws1\"> </span>Nel seguito \u00e8 stata riportat<span class=\"_ _0\"></span>a la <span class=\"_ _1\"></span>mo<span class=\"_ _0\"></span>difica di principi contabili gi\u00e0 in vigore, omologata dall\u2019Unione Europe<span class=\"_ _0\"></span>a e applicabile a<span class=\"_ _0\"></span> partire dal 1\u00b0 genn<span class=\"_ _0\"></span>aio 2025: <span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _6d\"> </span><span class=\"ff2 lse wsd9\">A<span class=\"_ _0\"></span>mendments to IAS 21 The Effects of Changes in<span class=\"_ _0\"></span> Foreign Exchange Rates: La<span class=\"_ _0\"></span>ck of </span></span>Exchang<span class=\"_ _0\"></span>eability <span class=\"_ _13\"></span><span class=\"ff1 ls1d ws7b\">omo<span class=\"_ _0\"></span>loga<span class=\"_ _0\"></span>to il 12<span class=\"_ _0\"></span> novem<span class=\"_ _0\"></span>bre 2024<span class=\"_ _0\"></span> con il Re<span class=\"_ _0\"></span>golam<span class=\"_ _0\"></span>ento UE<span class=\"_ _0\"></span> n. 2024<span class=\"_ _0\"></span>/2862.<span class=\"_ _0\"></span> <span class=\"ls2f ws58\">Il </span></span>documento richie<span class=\"_ _0\"></span>de ad un\u2019entit\u00e0 di identificare una metodologia da applicare in maniera coer<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> al fi<span class=\"_ _1\"></span>ne di v<span class=\"_ _1\"></span>erifi<span class=\"_ _1c\"></span>care se una<span class=\"_ _1\"></span> val<span class=\"_ _1c\"></span>uta pu\u00f2 es<span class=\"_ _1\"></span>ser<span class=\"_ _1\"></span>e conv<span class=\"_ _1\"></span>erti<span class=\"_ _1\"></span>ta in u<span class=\"_ _1\"></span>n\u2019a<span class=\"_ _1\"></span>ltra e<span class=\"_ _1\"></span>, qua<span class=\"_ _1\"></span>ndo ci<span class=\"_ _1\"></span>\u00f2 non \u00e8 possibile, come determinare il tasso di cambio da utilizzare e l\u2019i<span class=\"ls31 ws27\">nformati<span class=\"_ _0\"></span>va da fornire </span>in no<span class=\"_ _1c\"></span>ta integ<span class=\"_ _1\"></span>rati<span class=\"_ _1\"></span>va. <span class=\"ls1 ws1\"> </span>Si <span class=\"_ _1f\"> </span><span class=\"wsf0\">evidenzia che l\u2019a<span class=\"_ _0\"></span>dozione di tale modifica n<span class=\"_ _0\"></span>on ha comportato<span class=\"_ _0\"></span> effetti sul Bilancio </span>consolidato de<span class=\"_ _0\"></span>lla Societ\u00e0. <span class=\"ls1 ws1\"> </span>Principi contabili inte<span class=\"_ _1\"></span>rnazionali omologati <span class=\"_ _1\"></span>al 31 dicembre 2<span class=\"_ _1\"></span>025 ma con ent<span class=\"_ _1\"></span>rata in vigore negli es<span class=\"_ _0\"></span>ercizi succes<span class=\"_ _0\"></span>sivi<span class=\"ls1 ws1\"> </span><table class=\"s w401 h429\" id=\"_72ff3c89-9c17-4d65-a8d7-6a0369a16523\"><tr><td class=\"c x212 y34e1 w402 h41d\"><div class=\"t m12 x1fa h115 y34e0 ffc fs1e fc0 sc0 lse6 ws2f0\">Tipolo<span class=\"_ _1c\"></span>gia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x440 y34e1 w403 h41d\"><div class=\"t m12 x1fa h115 y34e0 ffc fs1e fc0 sc0 lse7 ws2f1\">Pri<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ipi<span class=\"_ _0\"></span>o/I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x441 y34e1 w404 h41d\"><div class=\"t m12 x1fa h115 y34e0 ffc fs1e fc0 sc0 lse6 ws2f2\">D<span class=\"_ _1\"></span>ata<span class=\"_ _1c\"></span> di pu<span class=\"_ _1\"></span>bblica<span class=\"_ _1c\"></span>zion<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y34e3 w405 h42a\"><div class=\"t m12 x1fa h117 y34e2 ffa fs1e fc0 sc0 ls1 ws2f3\">Nuovo principi<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x442 y34e5 w406 h42b\"><div class=\"t m12 x1fa h117 y34e4 ff1 fs1e fc0 sc0 lse8 ws2f4\">IFRS 18<span class=\"_ _1\"></span> Pres<span class=\"_ _0\"></span>entat<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>on and di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure in fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>ements<span class=\"_ _4ac\"> </span></div></td><td class=\"c x443 y34e5 w407 h42b\"><div class=\"t m12 x1fa h117 y34e4 ff1 fs1e fc0 sc0 lse9 ws2f5\">ap<span class=\"_ _0\"></span>r-24<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y34e6 w405 h42a\"><div class=\"t m12 x1fa h117 y34e2 ffa fs1e fc0 sc0 ls1 ws2f3\">Nuovo principi<span class=\"_ _0\"></span>o</div></td><td class=\"c x442 y34e7 w408 h42b\"><div class=\"t m12 x1fa h117 y34e4 ff1 fs1e fc0 sc0 lsea ws2f0\">IF<span class=\"_ _1c\"></span>RS<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span> Su<span class=\"_ _1\"></span>bsid<span class=\"_ _1c\"></span>iar<span class=\"_ _1\"></span>ies w<span class=\"_ _1c\"></span>ith<span class=\"_ _1c\"></span>out<span class=\"_ _1c\"></span> pu<span class=\"_ _1\"></span>blic a<span class=\"_ _1c\"></span>ccoun<span class=\"_ _1c\"></span>ta<span class=\"_ _1\"></span>bilit<span class=\"_ _1c\"></span>y:<span class=\"_ _1\"></span> disclo<span class=\"_ _1\"></span>sur<span class=\"_ _1c\"></span>es<span class=\"_ _4ac\"> </span></div></td><td class=\"c x444 y34e7 w409 h42b\"><div class=\"t m12 x1fa h117 y34e4 ff1 fs1e fc0 sc0 lseb ws2f6\">m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>g-<span class=\"_ _0\"></span>24<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y34e8 w105 h118\"><div class=\"t m12 x24 h119 y14ee ffa fs1e fc0 sc0 lsec ws2f7\">Mod<span class=\"_ _1c\"></span>ific<span class=\"_ _1\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x445 y34e8 w106 h118\"><div class=\"t m12 x24 h117 y14ef ff1 fs1e fc0 sc0 lsed ws2f8\">Sal<span class=\"_ _0\"></span>e<span class=\"_ _1ab\"> </span><span class=\"lse6 ws2f0\">or<span class=\"_ _5d\"> </span><span class=\"lsee ws2f9\">c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntri<span class=\"_ _13\"></span>buti<span class=\"_ _13\"></span>on<span class=\"_ _19\"> </span></span>of<span class=\"_ _1ab\"> </span><span class=\"lsef ws2fa\">asse<span class=\"_ _1c\"></span>ts<span class=\"_ _5d\"> </span><span class=\"lsf0 ws2fb\">between<span class=\"_ _1ab\"> </span><span class=\"lsed ws2f8\">an<span class=\"_ _19\"> </span><span class=\"lsee ws2f9\">i<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _1ab\"> </span><span class=\"lse8 ws2fc\">and<span class=\"_ _19\"> </span></span>i<span class=\"_ _0\"></span>ts<span class=\"_ _19\"> </span></span>as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ate<span class=\"_ _5d\"> </span><span class=\"lse6 ws2f0\">or<span class=\"_ _1ab\"> </span><span class=\"lsea ws2fd\">join<span class=\"_ _1\"></span>t<span class=\"_ _15\"> </span><span class=\"lse8 ws2fc\">ventur<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span></span></span></span></span></span></span></span></div></td><td class=\"c x405 y34e8 w105 h118\"><div class=\"t m12 x125 h117 y14ee ff1 fs1e fc0 sc0 lsee ws2f9\">s<span class=\"_ _0\"></span>et-<span class=\"_ _0\"></span>14<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c x445 y34e8 w106 h118\"><div class=\"t m12 x24 h117 y14f0 ff1 fs1e fc0 sc0 lseb ws2fe\">(Ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> to IFR<span class=\"_ _0\"></span>S 10 a<span class=\"_ _0\"></span>nd I<span class=\"_ _0\"></span>AS 28)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y34e9 w40a h42a\"><div class=\"t m12 x1fa h117 y34e2 ffa fs1e fc0 sc0 lsec ws2f7\">Mod<span class=\"_ _1c\"></span>ific<span class=\"_ _1\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x446 y34ea w40b h42b\"><div class=\"t m12 x1fa h117 y34e4 ff1 fs1e fc0 sc0 lsea ws2f0\">Ame<span class=\"_ _1c\"></span>nd<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1c\"></span>s t<span class=\"_ _1\"></span>o IF<span class=\"_ _1c\"></span>RS<span class=\"_ _1c\"></span> 19<span class=\"_ _1c\"></span> Sub<span class=\"_ _1c\"></span>sidiar<span class=\"_ _1c\"></span>ies w<span class=\"_ _1c\"></span>ith<span class=\"_ _1c\"></span>out<span class=\"_ _1c\"></span> pu<span class=\"_ _1\"></span>blic a<span class=\"_ _1c\"></span>ccoun<span class=\"_ _1c\"></span>ta<span class=\"_ _1\"></span>bilit<span class=\"_ _1c\"></span>y: d<span class=\"_ _1c\"></span>isclosu<span class=\"_ _1\"></span>re<span class=\"_ _1c\"></span>s<span class=\"_ _4ac\"> </span></div></td><td class=\"c x447 y34ea w40c h42b\"><div class=\"t m12 x1fa h117 y34e4 ff1 fs1e fc0 sc0 lseb ws2f6\">ag<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>-25<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y34eb w40a h42a\"><div class=\"t m12 x1fa h117 y34e2 ffa fs1e fc0 sc0 lsec ws2f7\">Mod<span class=\"_ _1c\"></span>ific<span class=\"_ _1\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x446 y345e w40d h41d\"><div class=\"t m12 x1fa h117 y34e4 ff16 fs1e fc0 sc0 lse8 ws2fc\">Amendm<span class=\"_ _0\"></span>ents to <span class=\"_ _0\"></span>IAS 21 Transl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to a <span class=\"_ _0\"></span>Hyperinfla<span class=\"_ _0\"></span>tionary Pres<span class=\"_ _0\"></span>entat<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>on Currency<span class=\"_ gsd0\"> </span></div></td><td class=\"c x448 y345e w40e h42b\"><div class=\"t m12 x1fa h117 y34e4 ff1 fs1e fc0 sc0 lseb ws2f6\">no<span class=\"_ _0\"></span>v-<span class=\"_ _0\"></span>25<span class=\"_ _4ac\"> </span></div></td></tr></table>Principi contabili internazio<span class=\"_ _1\"></span>nali non ancora omologati al 31 dicem<span class=\"_ _1c\"></span>bre 2025<span class=\"ls1 ws1\"> </span><table class=\"s w40f h42c\" id=\"_b1fbfc7d-8887-4f99-8332-1e9717215ee2\"><tr><td class=\"c x212 y34ed w410 h41c\"><div class=\"t m13 x1fa h11d y34ec ffc fs1f fc0 sc0 lsf1 ws301\">Tipolo<span class=\"_ _1c\"></span>gia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x449 y34ed w411 h41c\"><div class=\"t m13 x1fa h11d y34ec ffc fs1f fc0 sc0 lsf2 ws302\">Pr<span class=\"_ _1\"></span>inc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>pio/<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x44a y34ee w108 h11c\"><div class=\"t m13 x24 h11d y151d ffc fs1f fc0 sc0 lsf3 ws303\">Data di<span class=\"_ _0\"></span> </div></td></tr><tr><td></td><td></td><td class=\"c x44a y34ee w108 h11c\"><div class=\"t m13 x24 h11d y151e ffc fs1f fc0 sc0 lsf2 ws302\">pubbli<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>azione<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y34f0 w412 h42a\"><div class=\"t m13 x1fa h11f y34ef ffa fs1f fc0 sc0 ls1 ws304\">Nuovo principi<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x44b y34f2 w413 h42d\"><div class=\"t m13 x1fa h11f y34f1 ff1 fs1f fc0 sc0 lsf4 ws305\">IFRS 18 Presentation and di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure in fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>tatements<span class=\"_ _4ac\"> </span></div></td><td class=\"c x44c y34f2 w414 h42d\"><div class=\"t m13 x1fa h11f y34f1 ff1 fs1f fc0 sc0 lsf5 ws306\">ap<span class=\"_ _0\"></span>r-24<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y34f3 w412 h42a\"><div class=\"t m13 x1fa h11f y34ef ffa fs1f fc0 sc0 ls1 ws304\">Nuovo principi<span class=\"_ _0\"></span>o</div></td><td class=\"c x44b y34f4 w415 h42d\"><div class=\"t m13 x1fa h11f y34f1 ff1 fs1f fc0 sc0 lsf6 ws301\">IF<span class=\"_ _1\"></span>RS<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span> Su<span class=\"_ _1\"></span>bsid<span class=\"_ _1c\"></span>iar<span class=\"_ _1\"></span>ies w<span class=\"_ _1c\"></span>ith<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span> pu<span class=\"_ _1c\"></span>blic acco<span class=\"_ _1c\"></span>unt<span class=\"_ _1c\"></span>ab<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>y:<span class=\"_ _1\"></span> disclo<span class=\"_ _1\"></span>sur<span class=\"_ _1c\"></span>es<span class=\"_ _4ac\"> </span></div></td><td class=\"c x44d y34f4 w416 h42d\"><div class=\"t m13 x1fa h11f y34f1 ff1 fs1f fc0 sc0 lsf7 ws307\">m<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>24<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y34f5 w107 h120\"><div class=\"t m13 x24 h121 y1524 ffa fs1f fc0 sc0 lsf8 ws308\">Mod<span class=\"_ _1\"></span>ific<span class=\"_ _1c\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x44e y34f5 w109 h120\"><div class=\"t m13 x24 h11f y1525 ff1 fs1f fc0 sc0 lsf9 ws309\">Sal<span class=\"_ _0\"></span>e<span class=\"_ _1e\"> </span><span class=\"lsf1 ws301\">or<span class=\"_ _1e\"> </span><span class=\"lsfa ws30a\">c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1f\"> </span></span>of<span class=\"_ _1e\"> </span><span class=\"lsfb ws30b\">asse<span class=\"_ _1c\"></span>ts<span class=\"_ _1f\"> </span><span class=\"lsfc ws30c\">between<span class=\"_ _1f\"> </span><span class=\"lsf9 ws309\">an<span class=\"_ _1f\"> </span><span class=\"lsfa ws30a\">i<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _1f\"> </span><span class=\"lsf4 ws30d\">and<span class=\"_ _1f\"> </span></span>i<span class=\"_ _0\"></span>ts<span class=\"_ _14\"> </span></span>asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ate<span class=\"_ _1f\"> </span><span class=\"lsf1 ws301\">or<span class=\"_ _1e\"> </span><span class=\"lsf6 ws30e\">joint<span class=\"_ _4ac\"> </span></span></span></span></span></span></span></div></td><td class=\"c x405 y34f5 w107 h120\"><div class=\"t m13 xca h11f y1527 ff1 fs1f fc0 sc0 lsfa ws30a\">s<span class=\"_ _0\"></span>et-<span class=\"_ _0\"></span>14<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c x44e y34f5 w109 h120\"><div class=\"t m13 x24 h11f y1526 ff1 fs1f fc0 sc0 lsf7 ws30f\">ven<span class=\"_ _0\"></span>ture (Am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span> to I<span class=\"_ _0\"></span>FRS<span class=\"_ _0\"></span> 10 and<span class=\"_ _0\"></span> IAS<span class=\"_ _0\"></span> 28)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y34f6 w417 h42a\"><div class=\"t m13 x1fa h11f y34ef ffa fs1f fc0 sc0 lsf8 ws308\">Mod<span class=\"_ _1\"></span>ific<span class=\"_ _1c\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x44f y34f8 w418 h42e\"><div class=\"t m13 x1fa h11f y34f7 ff1 fs1f fc0 sc0 lsf6 ws301\">A<span class=\"_ _1\"></span>men<span class=\"_ _1c\"></span>dme<span class=\"_ _1c\"></span>nt<span class=\"_ _1\"></span>s t<span class=\"_ _1\"></span>o I<span class=\"_ _1\"></span>F<span class=\"_ _1\"></span>RS<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span> Su<span class=\"_ _1\"></span>bsid<span class=\"_ _1c\"></span>iar<span class=\"_ _1\"></span>ies w<span class=\"_ _1c\"></span>ith<span class=\"_ _1\"></span>ou<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span> pu<span class=\"_ _1c\"></span>blic acco<span class=\"_ _1c\"></span>unt<span class=\"_ _1c\"></span>ab<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>y:<span class=\"_ _1\"></span> disclo<span class=\"_ _1\"></span>sur<span class=\"_ _1c\"></span>es<span class=\"_ _4ac\"> </span></div></td><td class=\"c x450 y34f8 w419 h42e\"><div class=\"t m13 x1fa h11f y34f7 ff1 fs1f fc0 sc0 lsf7 ws307\">ago<span class=\"_ _0\"></span>-25<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y34f9 w417 h42a\"><div class=\"t m13 x1fa h11f y34ef ffa fs1f fc0 sc0 lsf8 ws308\">Mod<span class=\"_ _1\"></span>ific<span class=\"_ _1c\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x44f y345e w41a h42f\"><div class=\"t m13 x1fa h11f y34f7 ff16 fs1f fc0 sc0 lsf4 ws30d\">Amendments <span class=\"_ _0\"></span>to IAS 21 Trans<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tion <span class=\"_ _0\"></span>to a Hyperinfl<span class=\"_ _0\"></span>ationa<span class=\"_ _0\"></span>ry Presentation <span class=\"_ _0\"></span>Cur<span class=\"_ _1\"></span>rency<span class=\"_ gsd1\"> </span></div></td><td class=\"c x451 y345e w41b h42e\"><div class=\"t m13 x1fa h11f y34f7 ff1 fs1f fc0 sc0 lsf7 ws307\">no<span class=\"_ _0\"></span>v-<span class=\"_ _0\"></span>25<span class=\"_ _4ac\"> </span></div></td></tr></table>Non si prevedono impatti rilevanti dall\u2019<span class=\"_ _0\"></span>introduzione e dalle modifiche dei principi elencati e, come sopra evidenziato, ta<span class=\"_ _0\"></span>li principi e modifiche non rilevano ai fini della redazione del presente B<span class=\"_ _0\"></span>ilancio consolidato,<span class=\"_ _0\"></span> posto che la loro<span class=\"_ _0\"></span> applicazione \u00e8 subordinat<span class=\"_ _0\"></span>a all\u2019omologazione mediante emission<span class=\"_ _0\"></span>e di appositi Regolamenti comun<span class=\"_ _0\"></span>itari da parte della Commissione Europea.<span class=\"_ _4ac\"> </span>Regolamento ESEF<span class=\"ls1 ws1\"> </span>La Di<span class=\"_ _0\"></span>rett<span class=\"_ _0\"></span>iva 2<span class=\"_ _0\"></span>013/50<span class=\"_ _0\"></span>/UE, c<span class=\"_ _0\"></span>he ha<span class=\"_ _0\"></span> modific<span class=\"_ _0\"></span>ato la<span class=\"_ _0\"></span> Diret<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>va 2004/<span class=\"_ _0\"></span>109/<span class=\"_ _0\"></span>CE (<span class=\"ff5 ls11 wse1\">T<span class=\"_ _13\"></span>ran<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>are<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> D<span class=\"_ _13\"></span>ir<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span></span><span class=\"ls32 ws5e\">), </span>ha sta<span class=\"_ _0\"></span>bilito che tutte le<span class=\"_ _0\"></span> Relazioni Finanziar<span class=\"_ _0\"></span>ie Annuali degli Em<span class=\"_ _0\"></span>ittenti, i cui valo<span class=\"_ _0\"></span>ri mobiliari sono ammessi alla <span class=\"ls35 ws1f\">ne<span class=\"_ _0\"></span>goziazione in un merc<span class=\"_ _0\"></span>ato regolament<span class=\"_ _0\"></span>ato, devon<span class=\"_ _0\"></span>o essere redatte<span class=\"_ _0\"></span> in un formato </span>elett<span class=\"_ _1\"></span>ronic<span class=\"_ _1\"></span>o unic<span class=\"_ _1\"></span>o di comu<span class=\"_ _1\"></span>nicazi<span class=\"_ _1c\"></span>one. La Com<span class=\"_ _1c\"></span>missione<span class=\"_ _1\"></span> Europ<span class=\"_ _1\"></span>ea ha re<span class=\"_ _1\"></span>cepito ta<span class=\"_ _1\"></span>li reg<span class=\"_ _1c\"></span>ole nel Regola<span class=\"_ _1c\"></span>mento Del<span class=\"_ _1\"></span>egato <span class=\"_ _1\"></span>2019/<span class=\"_ _1\"></span>815 (<span class=\"ff5 ls3c wsce\">Eu<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span> E<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>ctro<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>ic F<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _13\"></span>at <span class=\"ls1 ws1\">\u2013<span class=\"_ _0\"></span> <span class=\"_ _86\"> </span>\u201c</span></span><span class=\"ls35 ws16\">Re<span class=\"_ _0\"></span>golamento<span class=\"_ _0\"></span> <span class=\"_ _86\"></span><span class=\"ff5 lsfd ws104\">ES<span class=\"_ _0\"></span>EF<span class=\"_ _0\"></span>\u201d<span class=\"_ _1\"></span><span class=\"ff1 lsfe ws13e\">).<span class=\"_ _0\"></span> </span></span></span>Ci\u00f2 al fine di ren<span class=\"_ _0\"></span>dere le relazioni finanzia<span class=\"_ _0\"></span>rie annuali leggibili sia da u<span class=\"_ _0\"></span>tenti umani che da dispositiv<span class=\"_ _0\"></span>i automatici e migliorare<span class=\"_ _0\"></span> la comparabilit\u00e0 e l\u2019analis<span class=\"_ _0\"></span>i delle informazioni inclus<span class=\"_ _0\"></span>e nelle relazion<span class=\"_ _0\"></span>i finanziarie annuali.<span class=\"ls1 ws1\"> </span>Il Regolamento ESEF ha prev<span class=\"_ _0\"></span>isto che gli emittenti che redigono il bilancio consolidato<span class=\"_ _0\"></span> in conformit\u00e0 agli IFRS devono redigere e pubblicare la loro relazione finanz<span class=\"_ _0\"></span>iaria annuale nel formato e<span class=\"_ _0\"></span>Xtensible Hype<span class=\"_ _0\"></span>rtext Marku<span class=\"_ _0\"></span>p Language (\u201cXH<span class=\"_ _0\"></span>TML\u201d), ut<span class=\"_ _0\"></span>ilizzando il <span class=\"_ _0\"></span>lin<span class=\"lse ws25c\">guaggio I<span class=\"_ _0\"></span>nline </span>Extensible Business Reporting Language (\u201ciXBRL\u201d) per la marcatura (i) dei Prospetti Contabili Consol<span class=\"_ _1\"></span>ida<span class=\"_ _1\"></span>ti (S<span class=\"_ _1\"></span>tato Pa<span class=\"_ _1c\"></span>trimonia<span class=\"_ _1\"></span>le c<span class=\"_ _1\"></span>onsoli<span class=\"_ _1\"></span>dato,<span class=\"_ _1\"></span> Con<span class=\"_ _1\"></span>to Ec<span class=\"_ _1\"></span>onomic<span class=\"_ _1c\"></span>o conso<span class=\"_ _1\"></span>lid<span class=\"_ _1\"></span>ato, Pr<span class=\"_ _1\"></span>ospett<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>la Redditivit<span class=\"_ _0\"></span>\u00e0 consolidata compless<span class=\"_ _0\"></span>iva, Prospetto delle vari<span class=\"lsf ws310\">azioni<span class=\"_ _1c\"></span> del Patr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio N<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> </span>consolidato,<span class=\"_ _0\"></span> Rendiconto Finanziario consolidato) e (ii) delle in<span class=\"_ _0\"></span>formazioni contenute nella Nota integrativa<span class=\"_ _0\"></span> consolidata.<span class=\"ls1 ws1\"> </span>In da<span class=\"_ _1\"></span>ta 29 nov<span class=\"_ _1\"></span>embr<span class=\"_ _1\"></span>e 2021 \u00e8 <span class=\"_ _1\"></span>stato p<span class=\"_ _1\"></span>ubbli<span class=\"_ _1\"></span>cato i<span class=\"_ _1\"></span>l Regola<span class=\"_ _1c\"></span>mento Deleg<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o (UE) 2<span class=\"_ _1\"></span>022/3<span class=\"_ _1\"></span>52, che <span class=\"_ _1\"></span>ha modificato il Re<span class=\"_ _0\"></span>golamento ESEF con riferimento all'aggiorn<span class=\"_ _0\"></span>amento 2021 della tassonomia stabilita<span class=\"_ _0\"></span> nelle norme tecn<span class=\"_ _0\"></span>iche di regolamentazione (\u201cR<span class=\"_ _0\"></span>egulatory technical s<span class=\"_ _0\"></span>tand<span class=\"ls11 ws11d\">ards\u201d o \u201cRTS\u201d) </span>rela<span class=\"_ _1\"></span>tive al<span class=\"_ _1c\"></span> format<span class=\"_ _1\"></span>o ele<span class=\"_ _1\"></span>ttronic<span class=\"_ _1c\"></span>o unico<span class=\"_ _1\"></span> di co<span class=\"_ _1c\"></span>municazi<span class=\"_ _1\"></span>one e <span class=\"_ _1\"></span>ha f<span class=\"_ _1\"></span>ornito<span class=\"_ _1c\"></span> u<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>teriori<span class=\"_ _1\"></span> ori<span class=\"_ _1\"></span>enta<span class=\"_ _1\"></span>menti p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a marca<span class=\"_ _0\"></span>tura dei bi<span class=\"_ _0\"></span>lanci IFRS.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>In da<span class=\"_ _1\"></span>ta 26 s<span class=\"_ _1\"></span>ette<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2024 <span class=\"_ _1\"></span>\u00e8 stato<span class=\"_ _1\"></span> pubb<span class=\"_ _1\"></span>lica<span class=\"_ _1\"></span>to il<span class=\"_ _1\"></span> Regola<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span> Delega<span class=\"_ _1\"></span>to (UE)<span class=\"_ _1c\"></span> 2025/19<span class=\"_ _1\"></span>, che <span class=\"_ _1\"></span>ha reso n<span class=\"_ _1\"></span>oti gl<span class=\"_ _1\"></span>i agg<span class=\"_ _1\"></span>iorna<span class=\"_ _1\"></span>menti<span class=\"_ _1\"></span> 2024<span class=\"_ _1\"></span> della ta<span class=\"_ _1\"></span>sso<span class=\"_ _1\"></span>nomia<span class=\"_ _1\"></span> IFRS e ha<span class=\"_ _1\"></span> forni<span class=\"_ _1c\"></span>to ulteri<span class=\"_ _1\"></span>ori ori<span class=\"_ _1c\"></span>entame<span class=\"_ _1\"></span>nti pe<span class=\"_ _1\"></span>r la marcatura dei bilanci.<span class=\"_ _0\"></span> La tassonomia 2024 deve essere applicata alle<span class=\"ls1 ws1\"> <span class=\"_ _18\"></span></span>relazioni fin<span class=\"_ _0\"></span>anziarie annuali contenent<span class=\"_ _0\"></span>i i bilanci degli eserc<span class=\"_ _0\"></span>izi aventi inizio il 1\u00b0 gennaio 2025.<span class=\"_ _0\"></span>  <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Nel co<span class=\"_ _1\"></span>rso dell<span class=\"_ _1c\"></span>\u2019esercizi<span class=\"_ _1\"></span>o 2025<span class=\"_ _1\"></span> infi<span class=\"_ _1\"></span>ne \u00e8 sta<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>o pub<span class=\"_ _1c\"></span>blicato:<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws7e\">il 14 ottobre la dichiarazione annuale \u201c<span class=\"ff5 lsff wsd0\">E<span class=\"_ _0\"></span>urope<span class=\"_ _13\"></span>a<span class=\"_ _1c\"></span>n com<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>on e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>force<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t pri<span class=\"_ _1c\"></span>o<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> for 2025<span class=\"_ _1c\"></span> </span></span></span>an<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>al f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ial r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>rt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ff1 ls0 ws77\">\u201d de<span class=\"_ _0\"></span>ll\u2019ESMA in cui s<span class=\"_ _0\"></span>i richiama l\u2019<span class=\"_ _0\"></span>attenzione degli em<span class=\"_ _0\"></span>ittenti sugli errori </span>pi\u00f9 c<span class=\"_ _1c\"></span>omuni <span class=\"_ _1\"></span>risco<span class=\"_ _1c\"></span>ntrati <span class=\"_ _1\"></span>nei p<span class=\"_ _1\"></span>rosp<span class=\"_ _1\"></span>etti<span class=\"_ _1\"></span> di s<span class=\"_ _1\"></span>tato<span class=\"_ _1\"></span> pa<span class=\"_ _1\"></span>trimo<span class=\"_ _1\"></span>niale<span class=\"_ _1c\"></span> dei bi<span class=\"_ _1\"></span>lanci<span class=\"_ _1c\"></span> ESEF d<span class=\"_ _1c\"></span>eposi<span class=\"_ _1\"></span>tati (<span class=\"_ _1\"></span>in particolare<span class=\"_ _0\"></span> in termini di <span class=\"_ _1\"></span>corrette<span class=\"_ _0\"></span>zza della taggatura, creazioni delle estensioni, coerenza <span class=\"ls46 ws6f\">e </span>completez<span class=\"_ _0\"></span>za della taggatura, corrette<span class=\"_ _0\"></span>zza dei segni e delle scale e coerenza dei calcoli).<span class=\"ls1 ws1\"> </span>Alla luce di quanto sopra, la Societ\u00e0 ha predis<span class=\"_ _0\"></span>posto il Bilancio consolidato chiuso al 31 dicembre 2025 a<span class=\"_ _1\"></span>ppli<span class=\"_ _1\"></span>cando l<span class=\"_ _1\"></span>a ta<span class=\"_ _1\"></span>ssonomi<span class=\"_ _1\"></span>a previ<span class=\"_ _1c\"></span>sta dal R<span class=\"_ _1\"></span>egola<span class=\"_ _1\"></span>mento D<span class=\"_ _1c\"></span>elegato (<span class=\"_ _1\"></span>UE) <span class=\"_ _1\"></span>2025/<span class=\"_ _1\"></span>19 per l<span class=\"_ _1\"></span>a marc<span class=\"_ _0\"></span>atura de<span class=\"_ _0\"></span>llo ste<span class=\"_ _0\"></span>sso. ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-613": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gsd3\">Sezione 2 <span class=\"ls1 ws1\">\u2013 <span class=\"ls24 wsd7\">Princip<span class=\"_ _1\"></span>i gene<span class=\"_ _1\"></span>rali di r<span class=\"_ _1\"></span>edaz<span class=\"_ _1\"></span>ione<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gsd4\">Il Bilancio consolidato \u00e8 costitu<span class=\"_ _0\"></span>ito dallo stato patrimoniale consolidato<span class=\"_ _0\"></span>, dal conto economico </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gsd5\">consolidato,<span class=\"_ _0\"></span> dal prospetto della<span class=\"_ _0\"></span> redditivit\u00e0 consolidat<span class=\"_ _0\"></span>a complessiva, dal rendicont<span class=\"_ _0\"></span>o finanziario </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse wscb gsd6\">consolidat<span class=\"_ _0\"></span>o (predispo<span class=\"_ _0\"></span>sto col metodo indiretto),<span class=\"_ _0\"></span> dal prospetto de<span class=\"_ _0\"></span><span class=\"ls0 wsaf\">lle variazioni di patrimonio </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gsd7\">netto consolidato<span class=\"_ _0\"></span>, dalla nota integrativ<span class=\"_ _0\"></span>a consolidata e corredato<span class=\"_ _0\"></span> dalla  Relazione sulla ge<span class=\"_ _0\"></span>stione </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsd8\">consolidata e<span class=\"_ _0\"></span>d \u00e8 stato predisposto<span class=\"_ _0\"></span> sulla base delle istru<span class=\"_ _0\"></span>zioni \u201cIl bilanc<span class=\"_ _0\"></span>io degli Interme<span class=\"_ _0\"></span>diari IFRS </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gsd9\">diversi dagli Interme<span class=\"_ _0\"></span>diari bancari\u201d (le \u201cIstruzioni di redazione<span class=\"_ _0\"></span>\u201d), utilizzando gli schemi di bilancio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws24c gsda\">e di no<span class=\"_ _1\"></span>ta integ<span class=\"_ _1\"></span>rativ<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>le Soci<span class=\"_ _1\"></span>et\u00e0 di G<span class=\"_ _1\"></span>estio<span class=\"_ _1\"></span>ne del Ri<span class=\"_ _1\"></span>spa<span class=\"_ _1\"></span>rmio,  ema<span class=\"_ _1c\"></span>nate da Ba<span class=\"_ _1\"></span>nca d\u2019I<span class=\"_ _1\"></span>talia,<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gsdb\">nell\u2019eserciz<span class=\"_ _0\"></span>io dei poteri s<span class=\"_ _0\"></span>tabiliti dall\u2019ar<span class=\"_ _0\"></span>t. 43 del D.<span class=\"_ _0\"></span> Lgs. n. 136<span class=\"_ _0\"></span>/2015, con il Provve<span class=\"_ _0\"></span>dime<span class=\"ls1d ws6a\">nto de<span class=\"_ _0\"></span>l 17 </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gsdc\">nove<span class=\"_ _1\"></span>mbre 20<span class=\"_ _1\"></span>22 e s<span class=\"_ _1\"></span>uccessi<span class=\"_ _1\"></span>ve int<span class=\"_ _1\"></span>egrazi<span class=\"_ _1\"></span>oni.<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div>Si richiamano<span class=\"_ _0\"></span> inoltre i documenti di tipo inter<span class=\"_ _0\"></span>pretativo e di supporto all\u2019applicazio<span class=\"_ _0\"></span>ne dei principi<span class=\"_ _4ac\"> </span>contabili em<span class=\"_ _0\"></span>anati dagli organismi regolamentari intern<span class=\"_ _0\"></span>azionali e di vigilanza italian<span class=\"_ _0\"></span>i e dagli<span class=\"_ _4ac\"> </span>s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>dard se<span class=\"_ _13\"></span>tte<span class=\"_ _0\"></span>r<span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws8b\">di cui si \u00e8 te<span class=\"_ _1\"></span>nuto conto anche nella redazione del presente Bilancio,<span class=\"_ _0\"></span> laddove<span class=\"_ _4ac\"> </span></span></span>applicabili; tr<span class=\"_ _0\"></span>a i pi\u00f9 significativi pe<span class=\"_ _0\"></span>r il Gruppo Anima si segnalano:<span class=\"_ _4ac\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls1c ws1d3\">Il Pubb<span class=\"_ _1\"></span>lic <span class=\"_ _1\"></span>State<span class=\"_ _1\"></span>ment d<span class=\"_ _1\"></span>el 14 <span class=\"_ _1\"></span>ottobr<span class=\"_ _1\"></span>e 202<span class=\"_ _1c\"></span>5 dell\u2019E<span class=\"_ _1\"></span>SMA \u201cE<span class=\"_ _1\"></span>urop<span class=\"_ _1\"></span>ean co<span class=\"_ _1\"></span>mmon <span class=\"_ _1\"></span>enforc<span class=\"_ _1\"></span>ement<span class=\"_ _4ac\"> </span></span></span>priori<span class=\"_ _1\"></span>ties f<span class=\"_ _1\"></span>or 2025 c<span class=\"_ _1c\"></span>orporate r<span class=\"_ _1\"></span>eporti<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span>g\u201d (<span class=\"_ _1\"></span>ripres<span class=\"_ _1\"></span>o anch<span class=\"_ _1\"></span>e da CON<span class=\"_ _1\"></span>SOB il <span class=\"_ _1c\"></span>15 ottobr<span class=\"_ _1\"></span>e 2025). <span class=\"_ _1\"></span>In<span class=\"_ _4ac\"> </span>particolare<span class=\"_ _0\"></span>, l\u2019ESMA invita a m<span class=\"_ _0\"></span>igliorare la ch<span class=\"_ _0\"></span>iarezza delle informa<span class=\"_ _0\"></span>zioni evidenziando t<span class=\"ls1d ws2b\">re<span class=\"_ _4ac\"> </span></span>priori<span class=\"_ _1c\"></span>t\u00e0, in pa<span class=\"_ _1c\"></span>rt<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>colare <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span> riferi<span class=\"_ _1c\"></span>mento:<span class=\"_ _4ac\"> </span>1.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 wsfa\">ai bilanci predispo<span class=\"_ _0\"></span>sti in base ai principi contabili intern<span class=\"_ _0\"></span>azionali Ias/Ifrs richiama<span class=\"_ _4ac\"> </span></span>l\u2019attenzione<span class=\"_ _0\"></span> (i) sui rischi e le<span class=\"_ _0\"></span> incertezze geopolitiche<span class=\"_ _0\"></span> richiedendo di descr<span class=\"_ _0\"></span>ivere con<span class=\"_ _4ac\"> </span>magg<span class=\"_ _1\"></span>ior d<span class=\"_ _1\"></span>ettag<span class=\"_ _1\"></span>lio<span class=\"_ _1\"></span> gli<span class=\"_ _1\"></span> even<span class=\"_ _1\"></span>tual<span class=\"_ _1\"></span>i eve<span class=\"_ _1c\"></span>nti e ci<span class=\"_ _1\"></span>rcos<span class=\"_ _1\"></span>tanze<span class=\"_ _1\"></span> che<span class=\"_ _1\"></span> infl<span class=\"_ _1c\"></span>uenzano<span class=\"_ _1\"></span> le v<span class=\"_ _1\"></span>alutaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls2f ws54\">e<span class=\"_ _0\"></span>d i<span class=\"_ _4ac\"> </span></span></span>risultat<span class=\"_ _0\"></span>i e (ii) <span class=\"_ _1\"></span>sui settori operativi (IFRS 8) al fine di garantire che le informazioni sui<span class=\"_ _4ac\"> </span>div<span class=\"_ _1\"></span>ersi b<span class=\"_ _1\"></span>usines<span class=\"_ _1\"></span>s sia<span class=\"_ _1c\"></span>no coere<span class=\"_ _1\"></span>nti <span class=\"_ _1\"></span>tra lor<span class=\"_ _1\"></span>o e a<span class=\"_ _1\"></span>ccomp<span class=\"_ _1\"></span>agnat<span class=\"_ _1\"></span>e da sp<span class=\"_ _1\"></span>ieg<span class=\"_ _1\"></span>azio<span class=\"_ _1\"></span>ni chi<span class=\"_ _1\"></span>are <span class=\"_ _1\"></span>sui c<span class=\"_ _1\"></span>riter<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span>utili<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r def<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>re e a<span class=\"_ _1c\"></span>ggrega<span class=\"_ _1\"></span>re i<span class=\"_ _1\"></span> seg<span class=\"_ _1\"></span>menti<span class=\"_ _1\"></span>, in<span class=\"_ _1\"></span> qua<span class=\"_ _1\"></span>nto l<span class=\"_ _1c\"></span>e tensi<span class=\"_ _1c\"></span>o<span class=\"ls0 ws82\">ni geopolitich<span class=\"_ _0\"></span>e e le sfide<span class=\"_ _4ac\"> </span></span>clim<span class=\"_ _0\"></span>atiche<span class=\"_ _0\"></span>, poss<span class=\"_ _0\"></span>ono modi<span class=\"_ _0\"></span>ficare<span class=\"_ _0\"></span> l\u2019or<span class=\"_ _0\"></span>ganizz<span class=\"_ _0\"></span>azione d<span class=\"_ _0\"></span>ei bus<span class=\"_ _0\"></span>iness e<span class=\"_ _0\"></span> rende<span class=\"_ _0\"></span>re nec<span class=\"_ _0\"></span>essar<span class=\"_ _0\"></span>io<span class=\"_ _4ac\"> </span>aggiorn<span class=\"_ _0\"></span>are la modalit\u00e0 di presentazione de<span class=\"_ _0\"></span>i ricavi e dei risultati;<span class=\"_ _4ac\"> </span>2.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws54\">ai report di sostenibilit\u00e0: l\u2019<span class=\"_ _0\"></span>ESMA riconosce le difficolt\u00e0 di implementazione della CSRD<span class=\"_ _4ac\"> </span></span>in un c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>sto n<span class=\"_ _1\"></span>orma<span class=\"_ _1\"></span>tivo i<span class=\"_ _1\"></span>n evol<span class=\"_ _1\"></span>uzi<span class=\"_ _1\"></span>one ma<span class=\"_ _1\"></span> rib<span class=\"_ _1\"></span>adis<span class=\"_ _1\"></span>ce due p<span class=\"_ _1c\"></span>unti cen<span class=\"_ _1\"></span>tral<span class=\"_ _1\"></span>i: la co<span class=\"_ _1c\"></span>rretta<span class=\"_ _4ac\"> </span>valutaz<span class=\"_ _0\"></span>ione della materialit\u00e0 e una struttu<span class=\"_ _0\"></span>ra del report chiara, le<span class=\"_ _0\"></span>ggibile e coeren<span class=\"ls1d ws100\">te. Il<span class=\"_ _4ac\"> </span></span>principio<span class=\"_ _0\"></span> di doppia materialit\u00e0 resta il punto ce<span class=\"_ _0\"></span>ntrale dell\u2019intero<span class=\"_ _0\"></span> impianto degli<span class=\"_ _4ac\"> </span>stand<span class=\"_ _1\"></span>ard ESR<span class=\"_ _1\"></span>S, evid<span class=\"_ _1c\"></span>enziando c<span class=\"_ _1\"></span>he l\u2019inf<span class=\"_ _1\"></span>ormazi<span class=\"_ _1c\"></span>one deve es<span class=\"_ _1\"></span>sere uti<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>ia per cap<span class=\"_ _1\"></span>ire<span class=\"_ _4ac\"> </span>l\u2019impatto de<span class=\"_ _0\"></span>ll\u2019impresa sull\u2019ambiente<span class=\"_ _0\"></span> e la societ\u00e0, sia per valut<span class=\"_ _0\"></span>are come i fattori di<span class=\"_ _4ac\"> </span>sostenibilit<span class=\"_ _0\"></span>\u00e0 incidano sulle sue<span class=\"_ _0\"></span> performance economiche. L\u2019Autor<span class=\"_ _0\"></span>it\u00e0 invita quindi le<span class=\"_ _4ac\"> </span>aziende a forn<span class=\"_ _0\"></span>ire spiegazion<span class=\"_ _0\"></span>i specifiche su metodologia di an<span class=\"_ _0\"></span>alisi, so<span class=\"_ _0\"></span>glie di rilevanza e<span class=\"_ _4ac\"> </span>stakeholder coin<span class=\"_ _0\"></span>volti nel processo di valut<span class=\"_ _0\"></span>azione;<span class=\"_ _4ac\"> </span>3.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"lsf wsdd\">all<span class=\"_ _1\"></span>e rendi<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ntazi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>redi<span class=\"_ _1\"></span>spos<span class=\"_ _1\"></span>te in f<span class=\"_ _1c\"></span>ormat<span class=\"_ _1\"></span>o ele<span class=\"_ _1c\"></span>ttronic<span class=\"_ _1\"></span>o (E<span class=\"_ _1\"></span>SEF): l<span class=\"_ _1\"></span>\u2019ES<span class=\"_ _1\"></span>MA ha <span class=\"_ _1c\"></span>rileva<span class=\"_ _1\"></span>to<span class=\"_ _4ac\"> </span></span>ancora errori diffusi nella ma<span class=\"_ _0\"></span>rcatura dei rendiconti, in partico<span class=\"_ _0\"></span>lare nei flussi di cassa.<span class=\"_ _4ac\"> </span>Tra i pro<span class=\"_ _0\"></span>blemi pi\u00f9<span class=\"_ _0\"></span> frequent<span class=\"_ _0\"></span>i figuran<span class=\"_ _0\"></span>o l\u2019uso non corr<span class=\"_ _0\"></span>etto de<span class=\"_ _0\"></span>i concett<span class=\"_ _0\"></span>i della tass<span class=\"_ _0\"></span>ono<span class=\"ls32 ws5e\">mi<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></span>IFRS,<span class=\"_ _0\"></span> marcature inc<span class=\"_ _0\"></span>omplete o inco<span class=\"_ _0\"></span>erenti tr<span class=\"_ _0\"></span>a esercizi e str<span class=\"_ _0\"></span>utture di pres<span class=\"_ _0\"></span>entazione<span class=\"_ _0\"></span> non<span class=\"_ _4ac\"> </span>conformi alle regole tecn<span class=\"_ _0\"></span>iche. L\u2019ESMA richiama inoltre gli emittenti a una corretta<span class=\"_ _4ac\"> </span>gesti<span class=\"_ _1\"></span>one dell<span class=\"_ _1c\"></span>e estensi<span class=\"_ _1c\"></span>oni e degli<span class=\"_ _1\"></span> <span class=\"ff5 ls41 wsc9\">a<span class=\"_ _d\"></span>nchor<span class=\"_ _1c\"></span>i<span class=\"_ _1c\"></span>ng<span class=\"ff1 ls0 wsa7\">, evitando duplicazioni e colle<span class=\"_ _0\"></span>gamenti<span class=\"_ _4ac\"> </span></span></span>impropri che comprome<span class=\"_ _0\"></span>ttono la leggibilit\u00e0 e l\u2019<span class=\"_ _0\"></span>affidabilit\u00e0 dei dati; \u2022<span class=\"ff9\"> <span class=\"_ _24\"> </span><span class=\"ff1 ls0 ws29\">il <span class=\"_ _1c\"></span><span class=\"ff5 ls4e ws311\">Di<span class=\"_ _1c\"></span>scussi<span class=\"_ _d\"></span>on pa<span class=\"_ _d\"></span>per<span class=\"ff1 ls1 ws1\"> <span class=\"_ _d\"></span><span class=\"lsf wsd6\">n. 1/<span class=\"_ _1c\"></span>2022 \u201cImp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment <span class=\"_ _1\"></span>test d<span class=\"_ _1c\"></span>ei non fi<span class=\"_ _1c\"></span>nancial<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> <span class=\"_ _1\"></span><span class=\"ls11 wsfc\">assets (IAS 36) a seguito della<span class=\"_ _4ac\"> </span></span></span></span></span></span></span></span>guerra in Ucr<span class=\"_ _0\"></span>aina\u201d pubblicato il 29 giugno 2022 dall\u2019Organismo<span class=\"_ _0\"></span> Italiano di Valutazione (\u201cOIV\u201d),<span class=\"_ _4ac\"> </span>che rip<span class=\"_ _1\"></span>rende i<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>enuti P<span class=\"_ _1\"></span>ublic S<span class=\"_ _1\"></span>tateme<span class=\"_ _1\"></span>nt del 13 <span class=\"_ _1\"></span>maggi<span class=\"_ _1\"></span>o 2022 d<span class=\"_ _1c\"></span>ell\u2019ESMA (<span class=\"_ _1\"></span>ogg<span class=\"_ _1\"></span>etto del<span class=\"_ _4ac\"> </span>Richiamo di attenzione di Consob del 19 mag<span class=\"ls1d ws7b\">gio 2022<span class=\"_ _0\"></span>) e forn<span class=\"_ _0\"></span>isce in<span class=\"_ _0\"></span>dicazio<span class=\"_ _0\"></span>ni ope<span class=\"_ _0\"></span>rativ<span class=\"_ _0\"></span>e per<span class=\"_ _4ac\"> </span></span>trattare l\u2019<span class=\"_ _0\"></span>incertezza dell\u2019attuale contesto nell\u2019<span class=\"_ _0\"></span>ambito dell\u2019eventuale esercizio dell\u2019<span class=\"_ _0\"></span>impairment<span class=\"_ _4ac\"> </span>te<span class=\"_ _0\"></span>st;<span class=\"_ _4ac\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws8d\">il<span class=\"_ _1\"></span> doc<span class=\"_ _1\"></span>ument<span class=\"_ _1\"></span>o \u201cRe<span class=\"_ _1c\"></span>commend<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ons <span class=\"_ _1\"></span>on A<span class=\"_ _1\"></span>ccoun<span class=\"_ _1c\"></span>ting fo<span class=\"_ _1\"></span>r Go<span class=\"_ _1\"></span>odwil<span class=\"_ _1\"></span>l\u201d e<span class=\"_ _1\"></span>mes<span class=\"_ _1\"></span>so da<span class=\"_ _1\"></span>ll\u2019I<span class=\"_ _1\"></span>nterna<span class=\"_ _1c\"></span>tional<span class=\"_ _4ac\"> </span></span></span>Orga<span class=\"_ _1\"></span>nizati<span class=\"_ _1c\"></span>on of Sec<span class=\"_ _1c\"></span>urities C<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssion<span class=\"_ _1\"></span>s (\u201cI<span class=\"_ _1\"></span>OSCO\u201d<span class=\"_ _1c\"></span> <span class=\"ls1 ws1\">- <span class=\"_ _1f\"> </span><span class=\"lsf ws157\">org<span class=\"_ _1\"></span>anizz<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span> interna<span class=\"_ _1c\"></span>zional<span class=\"_ _1\"></span>e che<span class=\"_ _4ac\"> </span></span></span>riunisce le<span class=\"_ _0\"></span> Autorit\u00e0 di Vigilanza su<span class=\"_ _0\"></span>i mercati finanziar<span class=\"_ _0\"></span>i) del dicembre 2023, r<span class=\"_ _0\"></span>ichiamato <span class=\"ls3d wsc4\">anch<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></span>da Consob, contenente r<span class=\"_ _0\"></span>accomandazioni sulla conta<span class=\"_ _0\"></span>bilizzazione dell\u2019avviament<span class=\"_ _0\"></span>o destinate<span class=\"_ _4ac\"> </span>agli emittent<span class=\"_ _0\"></span>i, agli audit committee (ai re<span class=\"_ _0\"></span>sponsabili delle attivit\u00e0 di go<span class=\"_ _0\"></span>vernance dell\u2019impresa)<span class=\"_ _4ac\"> </span>e ai re<span class=\"_ _0\"></span>visori legali.<span class=\"_ _0\"></span> Le raccomandazioni int<span class=\"_ _0\"></span>endono contribuire a<span class=\"_ _0\"></span> migliorare<span class=\"_ _0\"></span> l\u2019affidabilit\u00e0,<span class=\"_ _0\"></span> la<span class=\"_ _4ac\"> </span>fedele rappresent<span class=\"_ _0\"></span>azione e la t<span class=\"_ _0\"></span>rasparenza dell\u2019informativa <span class=\"_ _0\"></span>finanziaria sull\u2019avviamento c<span class=\"_ _0\"></span>os\u00ec<span class=\"_ _4ac\"> </span>come contabilizzato<span class=\"_ _0\"></span> e rappresentato nei bilan<span class=\"_ _0\"></span>ci.<span class=\"_ _4ac\"> </span><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gsde\">Il Bilancio<span class=\"_ _0\"></span> consolidato \u00e8 stato redatto ne<span class=\"_ _0\"></span>lla prospettiva della continuit\u00e0 de<span class=\"_ _0\"></span>ll\u2019attivit\u00e0 azien<span class=\"_ _0\"></span>dale, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsd5 gsdf\">che appare appropriata alla luce de<span class=\"_ _0\"></span>ll\u2019andamento economico e delle prospettive aziendali, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfa gse0\">secondo il principio<span class=\"_ _0\"></span> della contabilizzazione per competenza econom<span class=\"_ _0\"></span>ica, nel rispetto del </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gse1\">principio<span class=\"_ _0\"></span> di rilevanza e<span class=\"_ _0\"></span> di significativit\u00e0 de<span class=\"_ _0\"></span>ll\u2019informazione<span class=\"_ _0\"></span> e della prevalenz<span class=\"_ _0\"></span>a della sostanza sulla </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsd6 gse2\">forma<span class=\"_ _1\"></span>. N<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>ono s<span class=\"_ _1c\"></span>tati ri<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>ti ev<span class=\"_ _1c\"></span>enti o <span class=\"_ _1\"></span>circ<span class=\"_ _1\"></span>osta<span class=\"_ _1\"></span>nze <span class=\"_ _1c\"></span>che ris<span class=\"_ _1\"></span>ulti<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>sser<span class=\"_ _1\"></span>e sig<span class=\"_ _1c\"></span>nifica<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span> e c<span class=\"_ _1\"></span>he p<span class=\"_ _1\"></span>ossa<span class=\"_ _1\"></span>no </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gse3\">gen<span class=\"_ _1\"></span>erare<span class=\"_ _1\"></span> dubb<span class=\"_ _1\"></span>i sul<span class=\"_ _1\"></span>la c<span class=\"_ _1\"></span>onti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1\"></span> <span class=\"ls11 ws5\">aziendale.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws2b gse4\">Gli s<span class=\"_ _1\"></span>chemi<span class=\"_ _1\"></span> ripo<span class=\"_ _1c\"></span>rtano, ol<span class=\"_ _1c\"></span>tre agli<span class=\"_ _1\"></span> impo<span class=\"_ _1\"></span>rti r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>i al<span class=\"_ _1\"></span> peri<span class=\"_ _1\"></span>odo di<span class=\"_ _1\"></span> rif<span class=\"_ _1\"></span>erime<span class=\"_ _1\"></span>nto,<span class=\"_ _1\"></span> anche<span class=\"_ _1\"></span> i c<span class=\"_ _1\"></span>orrisp<span class=\"_ _1\"></span>onde<span class=\"_ _1\"></span>nti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gse5\">dati di raffronto<span class=\"_ _0\"></span> riferiti al 31 dicembre 2024.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws70 gse6\">In co<span class=\"_ _1\"></span>nformi<span class=\"_ _1\"></span>t\u00e0 a qua<span class=\"_ _1c\"></span>nto dis<span class=\"_ _1\"></span>posto d<span class=\"_ _1\"></span>all\u2019a<span class=\"_ _1c\"></span>rt. 5, com<span class=\"_ _1\"></span>ma 2, de<span class=\"_ _1\"></span>l Dec<span class=\"_ _1\"></span>reto L<span class=\"_ _1\"></span>egisla<span class=\"_ _1\"></span>tivo n<span class=\"_ _1\"></span>. 38 del<span class=\"_ _1\"></span> 28<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gse7\">febbraio<span class=\"_ _0\"></span> 2005, il bilancio \u00e8 redatto utilizzan<span class=\"_ _0\"></span>do l\u2019Euro come moneta di conto.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gse8\">Se non diversamente specific<span class=\"_ _0\"></span>ato, gli importi del Bilancio consolidato sono<span class=\"_ _0\"></span> esposti in migliaia di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws5c gse9\">Euro.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsaa gsea\">Nell<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>to pat<span class=\"_ _1\"></span>rimo<span class=\"_ _1\"></span>nial<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>nsolid<span class=\"_ _1\"></span>ato, <span class=\"_ _1\"></span>nel c<span class=\"_ _1\"></span>onto <span class=\"_ _1\"></span>econo<span class=\"_ _1c\"></span>mico co<span class=\"_ _1\"></span>nsoli<span class=\"_ _1\"></span>dato e<span class=\"_ _1\"></span> nel<span class=\"_ _1\"></span> prosp<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> dell<span class=\"_ _1c\"></span>a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gseb\">redditiv<span class=\"_ _0\"></span>it\u00e0 consolidata complessiva<span class=\"_ _0\"></span> non sono stati indicati i c<span class=\"_ _0\"></span>onti che presentano saldi a zero<span class=\"_ _0\"></span> in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws94 gsec\">entra<span class=\"_ _1\"></span>mbi i <span class=\"_ _1\"></span>period<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nfron<span class=\"_ _1\"></span>tati. A<span class=\"_ _1c\"></span>naloga<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span>, nel<span class=\"_ _1\"></span>la nota<span class=\"_ _1\"></span> integ<span class=\"_ _1c\"></span>rat<span class=\"ls11 wsfc\">iva consolidata n<span class=\"_ _0\"></span>on sono state </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gsed\">pres<span class=\"_ _1\"></span>enta<span class=\"_ _1\"></span>te le s<span class=\"_ _1c\"></span>ezioni <span class=\"_ _1\"></span>e/o l<span class=\"_ _1\"></span>e tab<span class=\"_ _1\"></span>elle<span class=\"_ _1\"></span> che n<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>ngon<span class=\"_ _1c\"></span>o alcun v<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>re.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsbd gsee\">Comp<span class=\"_ _1\"></span>ensa<span class=\"_ _1\"></span>zioni<span class=\"_ _1\"></span> tra<span class=\"_ _1\"></span> atti<span class=\"_ _1c\"></span>vit\u00e0 e p<span class=\"_ _1\"></span>assiv<span class=\"_ _1\"></span>it\u00e0 e<span class=\"_ _1\"></span> tra c<span class=\"_ _1c\"></span>osti e ri<span class=\"_ _1\"></span>cavi<span class=\"_ _1\"></span> sono<span class=\"_ _1c\"></span> effett<span class=\"_ _1c\"></span>uate sol<span class=\"_ _1c\"></span>o se ric<span class=\"_ _1\"></span>hies<span class=\"_ _1\"></span>to o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gsef\">cons<span class=\"_ _1\"></span>entit<span class=\"_ _1c\"></span>o da un p<span class=\"_ _1\"></span>rinc<span class=\"_ _1\"></span>ipi<span class=\"_ _1\"></span>o o da <span class=\"_ _1\"></span>una s<span class=\"_ _1c\"></span>ua interp<span class=\"_ _1c\"></span>retazi<span class=\"_ _1\"></span>one.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gsf0\">In relazione al rendiconto finanziario conso<span class=\"_ _0\"></span>lidato, come previsto dallo IAS 7 paragrafi 45 <span class=\"_ _1\"></span>e 46, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gsf1\">la riconc<span class=\"_ _0\"></span>iliazione considera<span class=\"_ _0\"></span> le voci di cassa e di con<span class=\"_ _0\"></span>to corrente<span class=\"_ _0\"></span> (a vista e non a vista) di in<span class=\"_ _0\"></span>izio e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsf2\">fine esercizio<span class=\"_ _0\"></span> quale aggregato relativo al cosidde<span class=\"_ _0\"></span>tto \u201cca<span class=\"lsf ws17\">sh equi<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ent\u201d.</span><span class=\"lsf ws17\"><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "Sezione 2 <span class=\"ls1 ws1\">\u2013 <span class=\"ls24 wsd7\">Princip<span class=\"_ _1\"></span>i gene<span class=\"_ _1\"></span>rali di r<span class=\"_ _1\"></span>edaz<span class=\"_ _1\"></span>ione<span class=\"ls1 ws1\"> </span></span></span>Il Bilancio consolidato \u00e8 costitu<span class=\"_ _0\"></span>ito dallo stato patrimoniale consolidato<span class=\"_ _0\"></span>, dal conto economico consolidato,<span class=\"_ _0\"></span> dal prospetto della<span class=\"_ _0\"></span> redditivit\u00e0 consolidat<span class=\"_ _0\"></span>a complessiva, dal rendicont<span class=\"_ _0\"></span>o finanziario consolidat<span class=\"_ _0\"></span>o (predispo<span class=\"_ _0\"></span>sto col metodo indiretto),<span class=\"_ _0\"></span> dal prospetto de<span class=\"_ _0\"></span><span class=\"ls0 wsaf\">lle variazioni di patrimonio </span>netto consolidato<span class=\"_ _0\"></span>, dalla nota integrativ<span class=\"_ _0\"></span>a consolidata e corredato<span class=\"_ _0\"></span> dalla  Relazione sulla ge<span class=\"_ _0\"></span>stione consolidata e<span class=\"_ _0\"></span>d \u00e8 stato predisposto<span class=\"_ _0\"></span> sulla base delle istru<span class=\"_ _0\"></span>zioni \u201cIl bilanc<span class=\"_ _0\"></span>io degli Interme<span class=\"_ _0\"></span>diari IFRS diversi dagli Interme<span class=\"_ _0\"></span>diari bancari\u201d (le \u201cIstruzioni di redazione<span class=\"_ _0\"></span>\u201d), utilizzando gli schemi di bilancio e di no<span class=\"_ _1\"></span>ta integ<span class=\"_ _1\"></span>rativ<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>le Soci<span class=\"_ _1\"></span>et\u00e0 di G<span class=\"_ _1\"></span>estio<span class=\"_ _1\"></span>ne del Ri<span class=\"_ _1\"></span>spa<span class=\"_ _1\"></span>rmio,  ema<span class=\"_ _1c\"></span>nate da Ba<span class=\"_ _1\"></span>nca d\u2019I<span class=\"_ _1\"></span>talia,<span class=\"_ _1\"></span> nell\u2019eserciz<span class=\"_ _0\"></span>io dei poteri s<span class=\"_ _0\"></span>tabiliti dall\u2019ar<span class=\"_ _0\"></span>t. 43 del D.<span class=\"_ _0\"></span> Lgs. n. 136<span class=\"_ _0\"></span>/2015, con il Provve<span class=\"_ _0\"></span>dime<span class=\"ls1d ws6a\">nto de<span class=\"_ _0\"></span>l 17 </span>nove<span class=\"_ _1\"></span>mbre 20<span class=\"_ _1\"></span>22 e s<span class=\"_ _1\"></span>uccessi<span class=\"_ _1\"></span>ve int<span class=\"_ _1\"></span>egrazi<span class=\"_ _1\"></span>oni.<span class=\"_ _4ac\"> </span>Si richiamano<span class=\"_ _0\"></span> inoltre i documenti di tipo inter<span class=\"_ _0\"></span>pretativo e di supporto all\u2019applicazio<span class=\"_ _0\"></span>ne dei principi<span class=\"_ _4ac\"> </span> contabili em<span class=\"_ _0\"></span>anati dagli organismi regolamentari intern<span class=\"_ _0\"></span>azionali e di vigilanza italian<span class=\"_ _0\"></span>i e dagli<span class=\"_ _4ac\"> </span> s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>dard se<span class=\"_ _13\"></span>tte<span class=\"_ _0\"></span>r<span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws8b\">di cui si \u00e8 te<span class=\"_ _1\"></span>nuto conto anche nella redazione del presente Bilancio,<span class=\"_ _0\"></span> laddove<span class=\"_ _4ac\"> </span></span></span><span class=\"ff1 ls1 ws1\"><span class=\"ls0 ws8b\"> </span></span>applicabili; tr<span class=\"_ _0\"></span>a i pi\u00f9 significativi pe<span class=\"_ _0\"></span>r il Gruppo Anima si segnalano:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls1c ws1d3\">Il Pubb<span class=\"_ _1\"></span>lic <span class=\"_ _1\"></span>State<span class=\"_ _1\"></span>ment d<span class=\"_ _1\"></span>el 14 <span class=\"_ _1\"></span>ottobr<span class=\"_ _1\"></span>e 202<span class=\"_ _1c\"></span>5 dell\u2019E<span class=\"_ _1\"></span>SMA \u201cE<span class=\"_ _1\"></span>urop<span class=\"_ _1\"></span>ean co<span class=\"_ _1\"></span>mmon <span class=\"_ _1\"></span>enforc<span class=\"_ _1\"></span>ement<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls1c ws1d3\"><span class=\"_ _1\"></span> </span></span>priori<span class=\"_ _1\"></span>ties f<span class=\"_ _1\"></span>or 2025 c<span class=\"_ _1c\"></span>orporate r<span class=\"_ _1\"></span>eporti<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span>g\u201d (<span class=\"_ _1\"></span>ripres<span class=\"_ _1\"></span>o anch<span class=\"_ _1\"></span>e da CON<span class=\"_ _1\"></span>SOB il <span class=\"_ _1c\"></span>15 ottobr<span class=\"_ _1\"></span>e 2025). <span class=\"_ _1\"></span>In<span class=\"_ _4ac\"> </span> particolare<span class=\"_ _0\"></span>, l\u2019ESMA invita a m<span class=\"_ _0\"></span>igliorare la ch<span class=\"_ _0\"></span>iarezza delle informa<span class=\"_ _0\"></span>zioni evidenziando t<span class=\"ls1d ws2b\">re<span class=\"_ _4ac\"> </span></span><span class=\"ls1d ws2b\"> </span>priori<span class=\"_ _1c\"></span>t\u00e0, in pa<span class=\"_ _1c\"></span>rt<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>colare <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span> riferi<span class=\"_ _1c\"></span>mento:<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>1.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 wsfa\">ai bilanci predispo<span class=\"_ _0\"></span>sti in base ai principi contabili intern<span class=\"_ _0\"></span>azionali Ias/Ifrs richiama<span class=\"_ _4ac\"> </span></span><span class=\"ls0 wsfa\"> </span>l\u2019attenzione<span class=\"_ _0\"></span> (i) sui rischi e le<span class=\"_ _0\"></span> incertezze geopolitiche<span class=\"_ _0\"></span> richiedendo di descr<span class=\"_ _0\"></span>ivere con<span class=\"_ _4ac\"> </span> magg<span class=\"_ _1\"></span>ior d<span class=\"_ _1\"></span>ettag<span class=\"_ _1\"></span>lio<span class=\"_ _1\"></span> gli<span class=\"_ _1\"></span> even<span class=\"_ _1\"></span>tual<span class=\"_ _1\"></span>i eve<span class=\"_ _1c\"></span>nti e ci<span class=\"_ _1\"></span>rcos<span class=\"_ _1\"></span>tanze<span class=\"_ _1\"></span> che<span class=\"_ _1\"></span> infl<span class=\"_ _1c\"></span>uenzano<span class=\"_ _1\"></span> le v<span class=\"_ _1\"></span>alutaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls2f ws54\">e<span class=\"_ _0\"></span>d i<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls2f ws54\"> </span></span>risultat<span class=\"_ _0\"></span>i e (ii) <span class=\"_ _1\"></span>sui settori operativi (IFRS 8) al fine di garantire che le informazioni sui<span class=\"_ _4ac\"> </span> div<span class=\"_ _1\"></span>ersi b<span class=\"_ _1\"></span>usines<span class=\"_ _1\"></span>s sia<span class=\"_ _1c\"></span>no coere<span class=\"_ _1\"></span>nti <span class=\"_ _1\"></span>tra lor<span class=\"_ _1\"></span>o e a<span class=\"_ _1\"></span>ccomp<span class=\"_ _1\"></span>agnat<span class=\"_ _1\"></span>e da sp<span class=\"_ _1\"></span>ieg<span class=\"_ _1\"></span>azio<span class=\"_ _1\"></span>ni chi<span class=\"_ _1\"></span>are <span class=\"_ _1\"></span>sui c<span class=\"_ _1\"></span>riter<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span> utili<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r def<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>re e a<span class=\"_ _1c\"></span>ggrega<span class=\"_ _1\"></span>re i<span class=\"_ _1\"></span> seg<span class=\"_ _1\"></span>menti<span class=\"_ _1\"></span>, in<span class=\"_ _1\"></span> qua<span class=\"_ _1\"></span>nto l<span class=\"_ _1c\"></span>e tensi<span class=\"_ _1c\"></span>o<span class=\"ls0 ws82\">ni geopolitich<span class=\"_ _0\"></span>e e le sfide<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws82\"><span class=\"_ _1\"></span> </span>clim<span class=\"_ _0\"></span>atiche<span class=\"_ _0\"></span>, poss<span class=\"_ _0\"></span>ono modi<span class=\"_ _0\"></span>ficare<span class=\"_ _0\"></span> l\u2019or<span class=\"_ _0\"></span>ganizz<span class=\"_ _0\"></span>azione d<span class=\"_ _0\"></span>ei bus<span class=\"_ _0\"></span>iness e<span class=\"_ _0\"></span> rende<span class=\"_ _0\"></span>re nec<span class=\"_ _0\"></span>essar<span class=\"_ _0\"></span>io<span class=\"_ _4ac\"> </span> aggiorn<span class=\"_ _0\"></span>are la modalit\u00e0 di presentazione de<span class=\"_ _0\"></span>i ricavi e dei risultati;<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>2.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws54\">ai report di sostenibilit\u00e0: l\u2019<span class=\"_ _0\"></span>ESMA riconosce le difficolt\u00e0 di implementazione della CSRD<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws54\"> </span>in un c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>sto n<span class=\"_ _1\"></span>orma<span class=\"_ _1\"></span>tivo i<span class=\"_ _1\"></span>n evol<span class=\"_ _1\"></span>uzi<span class=\"_ _1\"></span>one ma<span class=\"_ _1\"></span> rib<span class=\"_ _1\"></span>adis<span class=\"_ _1\"></span>ce due p<span class=\"_ _1c\"></span>unti cen<span class=\"_ _1\"></span>tral<span class=\"_ _1\"></span>i: la co<span class=\"_ _1c\"></span>rretta<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> valutaz<span class=\"_ _0\"></span>ione della materialit\u00e0 e una struttu<span class=\"_ _0\"></span>ra del report chiara, le<span class=\"_ _0\"></span>ggibile e coeren<span class=\"ls1d ws100\">te. Il<span class=\"_ _4ac\"> </span></span><span class=\"ls1d ws100\"> </span>principio<span class=\"_ _0\"></span> di doppia materialit\u00e0 resta il punto ce<span class=\"_ _0\"></span>ntrale dell\u2019intero<span class=\"_ _0\"></span> impianto degli<span class=\"_ _4ac\"> </span> stand<span class=\"_ _1\"></span>ard ESR<span class=\"_ _1\"></span>S, evid<span class=\"_ _1c\"></span>enziando c<span class=\"_ _1\"></span>he l\u2019inf<span class=\"_ _1\"></span>ormazi<span class=\"_ _1c\"></span>one deve es<span class=\"_ _1\"></span>sere uti<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>ia per cap<span class=\"_ _1\"></span>ire<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> l\u2019impatto de<span class=\"_ _0\"></span>ll\u2019impresa sull\u2019ambiente<span class=\"_ _0\"></span> e la societ\u00e0, sia per valut<span class=\"_ _0\"></span>are come i fattori di<span class=\"_ _4ac\"> </span> sostenibilit<span class=\"_ _0\"></span>\u00e0 incidano sulle sue<span class=\"_ _0\"></span> performance economiche. L\u2019Autor<span class=\"_ _0\"></span>it\u00e0 invita quindi le<span class=\"_ _4ac\"> </span> aziende a forn<span class=\"_ _0\"></span>ire spiegazion<span class=\"_ _0\"></span>i specifiche su metodologia di an<span class=\"_ _0\"></span>alisi, so<span class=\"_ _0\"></span>glie di rilevanza e<span class=\"_ _4ac\"> </span> stakeholder coin<span class=\"_ _0\"></span>volti nel processo di valut<span class=\"_ _0\"></span>azione;<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>3.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"lsf wsdd\">all<span class=\"_ _1\"></span>e rendi<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ntazi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>redi<span class=\"_ _1\"></span>spos<span class=\"_ _1\"></span>te in f<span class=\"_ _1c\"></span>ormat<span class=\"_ _1\"></span>o ele<span class=\"_ _1c\"></span>ttronic<span class=\"_ _1\"></span>o (E<span class=\"_ _1\"></span>SEF): l<span class=\"_ _1\"></span>\u2019ES<span class=\"_ _1\"></span>MA ha <span class=\"_ _1c\"></span>rileva<span class=\"_ _1\"></span>to<span class=\"_ _4ac\"> </span></span><span class=\"lsf wsdd\"> </span>ancora errori diffusi nella ma<span class=\"_ _0\"></span>rcatura dei rendiconti, in partico<span class=\"_ _0\"></span>lare nei flussi di cassa.<span class=\"_ _4ac\"> </span> Tra i pro<span class=\"_ _0\"></span>blemi pi\u00f9<span class=\"_ _0\"></span> frequent<span class=\"_ _0\"></span>i figuran<span class=\"_ _0\"></span>o l\u2019uso non corr<span class=\"_ _0\"></span>etto de<span class=\"_ _0\"></span>i concett<span class=\"_ _0\"></span>i della tass<span class=\"_ _0\"></span>ono<span class=\"ls32 ws5e\">mi<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></span><span class=\"ls32 ws5e\"> </span>IFRS,<span class=\"_ _0\"></span> marcature inc<span class=\"_ _0\"></span>omplete o inco<span class=\"_ _0\"></span>erenti tr<span class=\"_ _0\"></span>a esercizi e str<span class=\"_ _0\"></span>utture di pres<span class=\"_ _0\"></span>entazione<span class=\"_ _0\"></span> non<span class=\"_ _4ac\"> </span> conformi alle regole tecn<span class=\"_ _0\"></span>iche. L\u2019ESMA richiama inoltre gli emittenti a una corretta<span class=\"_ _4ac\"> </span> gesti<span class=\"_ _1\"></span>one dell<span class=\"_ _1c\"></span>e estensi<span class=\"_ _1c\"></span>oni e degli<span class=\"_ _1\"></span> <span class=\"ff5 ls41 wsc9\">a<span class=\"_ _d\"></span>nchor<span class=\"_ _1c\"></span>i<span class=\"_ _1c\"></span>ng<span class=\"ff1 ls0 wsa7\">, evitando duplicazioni e colle<span class=\"_ _0\"></span>gamenti<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls41 wsc9\"><span class=\"ff1 ls0 wsa7\"> </span></span>impropri che comprome<span class=\"_ _0\"></span>ttono la leggibilit\u00e0 e l\u2019<span class=\"_ _0\"></span>affidabilit\u00e0 dei dati; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _24\"> </span><span class=\"ff1 ls0 ws29\">il <span class=\"_ _1c\"></span><span class=\"ff5 ls4e ws311\">Di<span class=\"_ _1c\"></span>scussi<span class=\"_ _d\"></span>on pa<span class=\"_ _d\"></span>per<span class=\"ff1 ls1 ws1\"> <span class=\"_ _d\"></span><span class=\"lsf wsd6\">n. 1/<span class=\"_ _1c\"></span>2022 \u201cImp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment <span class=\"_ _1\"></span>test d<span class=\"_ _1c\"></span>ei non fi<span class=\"_ _1c\"></span>nancial<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> <span class=\"_ _1\"></span><span class=\"ls11 wsfc\">assets (IAS 36) a seguito della<span class=\"_ _4ac\"> </span></span></span></span></span></span></span></span><span class=\"ff9\"><span class=\"ff1 ls0 ws29\"><span class=\"ff5 ls4e ws311\"><span class=\"ff1 ls1 ws1\"><span class=\"lsf wsd6\"><span class=\"ls1 ws1\"><span class=\"ls11 wsfc\"> </span></span></span></span></span></span></span>guerra in Ucr<span class=\"_ _0\"></span>aina\u201d pubblicato il 29 giugno 2022 dall\u2019Organismo<span class=\"_ _0\"></span> Italiano di Valutazione (\u201cOIV\u201d),<span class=\"_ _4ac\"> </span> che rip<span class=\"_ _1\"></span>rende i<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>enuti P<span class=\"_ _1\"></span>ublic S<span class=\"_ _1\"></span>tateme<span class=\"_ _1\"></span>nt del 13 <span class=\"_ _1\"></span>maggi<span class=\"_ _1\"></span>o 2022 d<span class=\"_ _1c\"></span>ell\u2019ESMA (<span class=\"_ _1\"></span>ogg<span class=\"_ _1\"></span>etto del<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> Richiamo di attenzione di Consob del 19 mag<span class=\"ls1d ws7b\">gio 2022<span class=\"_ _0\"></span>) e forn<span class=\"_ _0\"></span>isce in<span class=\"_ _0\"></span>dicazio<span class=\"_ _0\"></span>ni ope<span class=\"_ _0\"></span>rativ<span class=\"_ _0\"></span>e per<span class=\"_ _4ac\"> </span></span><span class=\"ls1d ws7b\"> </span>trattare l\u2019<span class=\"_ _0\"></span>incertezza dell\u2019attuale contesto nell\u2019<span class=\"_ _0\"></span>ambito dell\u2019eventuale esercizio dell\u2019<span class=\"_ _0\"></span>impairment<span class=\"_ _4ac\"> </span> te<span class=\"_ _0\"></span>st;<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws8d\">il<span class=\"_ _1\"></span> doc<span class=\"_ _1\"></span>ument<span class=\"_ _1\"></span>o \u201cRe<span class=\"_ _1c\"></span>commend<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ons <span class=\"_ _1\"></span>on A<span class=\"_ _1\"></span>ccoun<span class=\"_ _1c\"></span>ting fo<span class=\"_ _1\"></span>r Go<span class=\"_ _1\"></span>odwil<span class=\"_ _1\"></span>l\u201d e<span class=\"_ _1\"></span>mes<span class=\"_ _1\"></span>so da<span class=\"_ _1\"></span>ll\u2019I<span class=\"_ _1\"></span>nterna<span class=\"_ _1c\"></span>tional<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 lsf ws8d\"><span class=\"_ _1c\"></span> </span></span>Orga<span class=\"_ _1\"></span>nizati<span class=\"_ _1c\"></span>on of Sec<span class=\"_ _1c\"></span>urities C<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssion<span class=\"_ _1\"></span>s (\u201cI<span class=\"_ _1\"></span>OSCO\u201d<span class=\"_ _1c\"></span> <span class=\"ls1 ws1\">- <span class=\"_ _1f\"> </span><span class=\"lsf ws157\">org<span class=\"_ _1\"></span>anizz<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span> interna<span class=\"_ _1c\"></span>zional<span class=\"_ _1\"></span>e che<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"lsf ws157\"><span class=\"_ _1c\"></span> </span></span>riunisce le<span class=\"_ _0\"></span> Autorit\u00e0 di Vigilanza su<span class=\"_ _0\"></span>i mercati finanziar<span class=\"_ _0\"></span>i) del dicembre 2023, r<span class=\"_ _0\"></span>ichiamato <span class=\"ls3d wsc4\">anch<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></span><span class=\"ls3d wsc4\"> </span>da Consob, contenente r<span class=\"_ _0\"></span>accomandazioni sulla conta<span class=\"_ _0\"></span>bilizzazione dell\u2019avviament<span class=\"_ _0\"></span>o destinate<span class=\"_ _4ac\"> </span> agli emittent<span class=\"_ _0\"></span>i, agli audit committee (ai re<span class=\"_ _0\"></span>sponsabili delle attivit\u00e0 di go<span class=\"_ _0\"></span>vernance dell\u2019impresa)<span class=\"_ _4ac\"> </span> e ai re<span class=\"_ _0\"></span>visori legali.<span class=\"_ _0\"></span> Le raccomandazioni int<span class=\"_ _0\"></span>endono contribuire a<span class=\"_ _0\"></span> migliorare<span class=\"_ _0\"></span> l\u2019affidabilit\u00e0,<span class=\"_ _0\"></span> la<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> fedele rappresent<span class=\"_ _0\"></span>azione e la t<span class=\"_ _0\"></span>rasparenza dell\u2019informativa <span class=\"_ _0\"></span>finanziaria sull\u2019avviamento c<span class=\"_ _0\"></span>os\u00ec<span class=\"_ _4ac\"> </span> come contabilizzato<span class=\"_ _0\"></span> e rappresentato nei bilan<span class=\"_ _0\"></span>ci.<span class=\"_ _4ac\"> </span>Il Bilancio<span class=\"_ _0\"></span> consolidato \u00e8 stato redatto ne<span class=\"_ _0\"></span>lla prospettiva della continuit\u00e0 de<span class=\"_ _0\"></span>ll\u2019attivit\u00e0 azien<span class=\"_ _0\"></span>dale, che appare appropriata alla luce de<span class=\"_ _0\"></span>ll\u2019andamento economico e delle prospettive aziendali, secondo il principio<span class=\"_ _0\"></span> della contabilizzazione per competenza econom<span class=\"_ _0\"></span>ica, nel rispetto del principio<span class=\"_ _0\"></span> di rilevanza e<span class=\"_ _0\"></span> di significativit\u00e0 de<span class=\"_ _0\"></span>ll\u2019informazione<span class=\"_ _0\"></span> e della prevalenz<span class=\"_ _0\"></span>a della sostanza sulla forma<span class=\"_ _1\"></span>. N<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>ono s<span class=\"_ _1c\"></span>tati ri<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>ti ev<span class=\"_ _1c\"></span>enti o <span class=\"_ _1\"></span>circ<span class=\"_ _1\"></span>osta<span class=\"_ _1\"></span>nze <span class=\"_ _1c\"></span>che ris<span class=\"_ _1\"></span>ulti<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>sser<span class=\"_ _1\"></span>e sig<span class=\"_ _1c\"></span>nifica<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span> e c<span class=\"_ _1\"></span>he p<span class=\"_ _1\"></span>ossa<span class=\"_ _1\"></span>no gen<span class=\"_ _1\"></span>erare<span class=\"_ _1\"></span> dubb<span class=\"_ _1\"></span>i sul<span class=\"_ _1\"></span>la c<span class=\"_ _1\"></span>onti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1\"></span> <span class=\"ls11 ws5\">aziendale.<span class=\"ls1 ws1\"> </span></span>Gli s<span class=\"_ _1\"></span>chemi<span class=\"_ _1\"></span> ripo<span class=\"_ _1c\"></span>rtano, ol<span class=\"_ _1c\"></span>tre agli<span class=\"_ _1\"></span> impo<span class=\"_ _1\"></span>rti r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>i al<span class=\"_ _1\"></span> peri<span class=\"_ _1\"></span>odo di<span class=\"_ _1\"></span> rif<span class=\"_ _1\"></span>erime<span class=\"_ _1\"></span>nto,<span class=\"_ _1\"></span> anche<span class=\"_ _1\"></span> i c<span class=\"_ _1\"></span>orrisp<span class=\"_ _1\"></span>onde<span class=\"_ _1\"></span>nti dati di raffronto<span class=\"_ _0\"></span> riferiti al 31 dicembre 2024.<span class=\"ls1 ws1\"> </span>In co<span class=\"_ _1\"></span>nformi<span class=\"_ _1\"></span>t\u00e0 a qua<span class=\"_ _1c\"></span>nto dis<span class=\"_ _1\"></span>posto d<span class=\"_ _1\"></span>all\u2019a<span class=\"_ _1c\"></span>rt. 5, com<span class=\"_ _1\"></span>ma 2, de<span class=\"_ _1\"></span>l Dec<span class=\"_ _1\"></span>reto L<span class=\"_ _1\"></span>egisla<span class=\"_ _1\"></span>tivo n<span class=\"_ _1\"></span>. 38 del<span class=\"_ _1\"></span> 28<span class=\"_ _1\"></span> febbraio<span class=\"_ _0\"></span> 2005, il bilancio \u00e8 redatto utilizzan<span class=\"_ _0\"></span>do l\u2019Euro come moneta di conto.<span class=\"ls1 ws1\"> </span>Se non diversamente specific<span class=\"_ _0\"></span>ato, gli importi del Bilancio consolidato sono<span class=\"_ _0\"></span> esposti in migliaia di Euro.<span class=\"ls1 ws1\"> </span>Nell<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>to pat<span class=\"_ _1\"></span>rimo<span class=\"_ _1\"></span>nial<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>nsolid<span class=\"_ _1\"></span>ato, <span class=\"_ _1\"></span>nel c<span class=\"_ _1\"></span>onto <span class=\"_ _1\"></span>econo<span class=\"_ _1c\"></span>mico co<span class=\"_ _1\"></span>nsoli<span class=\"_ _1\"></span>dato e<span class=\"_ _1\"></span> nel<span class=\"_ _1\"></span> prosp<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> dell<span class=\"_ _1c\"></span>a redditiv<span class=\"_ _0\"></span>it\u00e0 consolidata complessiva<span class=\"_ _0\"></span> non sono stati indicati i c<span class=\"_ _0\"></span>onti che presentano saldi a zero<span class=\"_ _0\"></span> in entra<span class=\"_ _1\"></span>mbi i <span class=\"_ _1\"></span>period<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nfron<span class=\"_ _1\"></span>tati. A<span class=\"_ _1c\"></span>naloga<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span>, nel<span class=\"_ _1\"></span>la nota<span class=\"_ _1\"></span> integ<span class=\"_ _1c\"></span>rat<span class=\"ls11 wsfc\">iva consolidata n<span class=\"_ _0\"></span>on sono state </span>pres<span class=\"_ _1\"></span>enta<span class=\"_ _1\"></span>te le s<span class=\"_ _1c\"></span>ezioni <span class=\"_ _1\"></span>e/o l<span class=\"_ _1\"></span>e tab<span class=\"_ _1\"></span>elle<span class=\"_ _1\"></span> che n<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>ngon<span class=\"_ _1c\"></span>o alcun v<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>re.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Comp<span class=\"_ _1\"></span>ensa<span class=\"_ _1\"></span>zioni<span class=\"_ _1\"></span> tra<span class=\"_ _1\"></span> atti<span class=\"_ _1c\"></span>vit\u00e0 e p<span class=\"_ _1\"></span>assiv<span class=\"_ _1\"></span>it\u00e0 e<span class=\"_ _1\"></span> tra c<span class=\"_ _1c\"></span>osti e ri<span class=\"_ _1\"></span>cavi<span class=\"_ _1\"></span> sono<span class=\"_ _1c\"></span> effett<span class=\"_ _1c\"></span>uate sol<span class=\"_ _1c\"></span>o se ric<span class=\"_ _1\"></span>hies<span class=\"_ _1\"></span>to o cons<span class=\"_ _1\"></span>entit<span class=\"_ _1c\"></span>o da un p<span class=\"_ _1\"></span>rinc<span class=\"_ _1\"></span>ipi<span class=\"_ _1\"></span>o o da <span class=\"_ _1\"></span>una s<span class=\"_ _1c\"></span>ua interp<span class=\"_ _1c\"></span>retazi<span class=\"_ _1\"></span>one.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>In relazione al rendiconto finanziario conso<span class=\"_ _0\"></span>lidato, come previsto dallo IAS 7 paragrafi 45 <span class=\"_ _1\"></span>e 46, la riconc<span class=\"_ _0\"></span>iliazione considera<span class=\"_ _0\"></span> le voci di cassa e di con<span class=\"_ _0\"></span>to corrente<span class=\"_ _0\"></span> (a vista e non a vista) di in<span class=\"_ _0\"></span>izio e fine esercizio<span class=\"_ _0\"></span> quale aggregato relativo al cosidde<span class=\"_ _0\"></span>tto \u201cca<span class=\"lsf ws17\">sh equi<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ent\u201d.</span><span class=\"lsf ws17\"><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Global minimum tax<span class=\"ls1 ws1\"> </span>Con il<span class=\"_ _1\"></span> D.Lgs. n<span class=\"_ _1\"></span>. 209 del <span class=\"_ _1c\"></span>27 dicemb<span class=\"_ _1\"></span>re 2023 <span class=\"_ _1\"></span>\u00e8 stata r<span class=\"_ _1\"></span>ecepita<span class=\"_ _1\"></span> in Itali<span class=\"_ _1\"></span>a la Di<span class=\"_ _1\"></span>rettiva UE<span class=\"_ _1\"></span> n. 25<span class=\"_ _1\"></span>23/20<span class=\"_ _1\"></span>22 che, in attua<span class=\"_ _0\"></span>zione delle norme tipo globali di lotta<span class=\"_ _0\"></span> contro l'erosione della base<span class=\"_ _0\"></span> imponibile <span class=\"ls1 ws1\">\u2014 </span>seco<span class=\"_ _1\"></span>ndo pi<span class=\"_ _1\"></span>lastro (<span class=\"_ _1\"></span>\u201c<span class=\"ff5 ls11 ws116\">T<span class=\"_ _13\"></span>ax<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span>alle<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span> A<span class=\"_ _13\"></span>ris<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g f<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span> t<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> D<span class=\"_ _13\"></span>ig<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> Ec<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>y<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2014<span class=\"_ _13\"></span> <span class=\"_ _1c\"></span><span class=\"ls32 ws77\">G<span class=\"_ _13\"></span>lo<span class=\"_ _13\"></span>b<span class=\"_ _13\"></span>al A<span class=\"_ _11\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\">- </span></span></span></span>B<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> E<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span> M<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>l R<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>le<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span> (P<span class=\"_ _13\"></span>illar T<span class=\"_ _13\"></span>w<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span><span class=\"ff1\">)\u201d) adottate a fine 2021 dall\u2019OCSE, ha istituito un sistema di </span>regole comun<span class=\"_ _0\"></span>i intese a garant<span class=\"_ _0\"></span>ire un livello<span class=\"_ _0\"></span> minimo di imposizion<span class=\"_ _0\"></span>e globale del 15% (c<span class=\"_ _0\"></span>.d. \u201c<span class=\"ff5 ls32 ws5e\">G<span class=\"_ _13\"></span>lo<span class=\"_ _13\"></span>b<span class=\"_ _13\"></span>al </span>mi<span class=\"_ _1\"></span>ni<span class=\"_ _1c\"></span>mum<span class=\"_ _0\"></span> ta<span class=\"_ _d\"></span>x<span class=\"ff1 lse wsce\">\u201d) per i gruppi m<span class=\"ls0 ws86\">ultinazion<span class=\"_ _0\"></span>ali e i <span class=\"_ _1\"></span>gruppi naziona<span class=\"_ _0\"></span>li su larga scala che presentano </span></span>ricavi comples<span class=\"_ _0\"></span>sivi superiori a Euro 750 milioni l\u2019an<span class=\"_ _0\"></span>no.<span class=\"ls1 ws1\"> </span>Nello spe<span class=\"_ _0\"></span>cifico, al fine di raggiun<span class=\"_ _0\"></span>gere tale o<span class=\"_ _0\"></span>biettivo, il D.Lgs. n.<span class=\"_ _0\"></span> 209/2023 ha introdotto,<span class=\"_ _0\"></span> con deco<span class=\"_ _1\"></span>rrenza<span class=\"_ _1\"></span> 1\u00b0 g<span class=\"_ _1\"></span>ennai<span class=\"_ _1\"></span>o 202<span class=\"_ _1\"></span>4, u<span class=\"_ _1\"></span>na imp<span class=\"_ _1\"></span>osizio<span class=\"_ _1\"></span>ne i<span class=\"_ _1\"></span>ntegra<span class=\"_ _1c\"></span>tiva prel<span class=\"_ _1\"></span>evata<span class=\"_ _1\"></span> at<span class=\"_ _1\"></span>trave<span class=\"_ _1\"></span>rso:<span class=\"ls1 ws1\"> </span>a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"lsf wse2\">l'i<span class=\"_ _1\"></span>mposta<span class=\"_ _1c\"></span> minima na<span class=\"_ _1\"></span>ziona<span class=\"_ _1\"></span>le (c.d<span class=\"_ _1c\"></span>. <span class=\"_ _0\"></span>\u201c<span class=\"_ _1\"></span><span class=\"ff5 ls11 ws11e\">Q<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span>d<span class=\"_ _13\"></span> D<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>ic M<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>im<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span> T<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"ls33 ws312\">U<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span> T<span class=\"_ _11\"></span>ax<span class=\"_ _0\"></span></span>-<span class=\"_ _0\"></span> <span class=\"_ _13\"></span><span class=\"ls100 ws313\">Q<span class=\"_ _0\"></span>DMTT\u201d<span class=\"_ _1c\"></span><span class=\"ff1 ls31 ws5c\">), </span></span></span></span></span>dovuta in<span class=\"_ _0\"></span> relazione alle impre<span class=\"_ _0\"></span>se di un gruppo mu<span class=\"_ _0\"></span>ltinazionale o na<span class=\"_ _0\"></span>zionale soggette ad una b<span class=\"_ _1\"></span>assa<span class=\"_ _1c\"></span> imposi<span class=\"_ _1\"></span>zion<span class=\"_ _1c\"></span>e local<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>te in<span class=\"_ _1\"></span> Ita<span class=\"_ _1\"></span>lia, l<span class=\"_ _1c\"></span>e cui r<span class=\"_ _1c\"></span>egole d<span class=\"_ _1\"></span>i att<span class=\"_ _1c\"></span>uazion<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>no co<span class=\"_ _1\"></span>nten<span class=\"_ _1\"></span>ute <span class=\"_ _1\"></span>nel Decreto del Minister<span class=\"_ _0\"></span>o dell\u2019Economia e<span class=\"_ _0\"></span> delle Finanze del 1\u00b0 luglio 2024;<span class=\"ls1 ws1\"> </span>b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 wsfa\">l'imposta minima integrativa, dovuta da contro<span class=\"_ _0\"></span>llanti localizzate in Italia di gruppi </span>multin<span class=\"_ _0\"></span>azionali o nazionali in rela<span class=\"_ _0\"></span>zione alle imprese soggette ad una bassa im<span class=\"_ _0\"></span>posizione facent<span class=\"_ _0\"></span>i parte de<span class=\"_ _0\"></span>l gruppo,<span class=\"_ _0\"></span> tenendo conto<span class=\"_ _0\"></span> di quanto eventu<span class=\"_ _0\"></span>almente<span class=\"_ _0\"></span> prelev<span class=\"_ _0\"></span>ato attra<span class=\"_ _0\"></span>verso<span class=\"ls1 ws1\"> </span>una i<span class=\"_ _1\"></span>mpos<span class=\"_ _1c\"></span>ta mini<span class=\"_ _1\"></span>ma na<span class=\"_ _1c\"></span>zional<span class=\"_ _1\"></span>e (c.d<span class=\"_ _1\"></span>. \u201c<span class=\"ff5 ls101 ws314\">IIR <span class=\"ls1 ws1\">\u2013<span class=\"_ _0\"></span> <span class=\"ls41 ws315\">I<span class=\"_ _1c\"></span>nco<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> I<span class=\"_ _1c\"></span>ncl<span class=\"_ _d\"></span>usi<span class=\"_ _1\"></span>on Rul<span class=\"_ _1c\"></span>e<span class=\"_ _0\"></span>\u201d<span class=\"_ _1c\"></span><span class=\"ff1 ls11 ws5\">);<span class=\"ls1 ws1\"> </span></span></span></span></span>c)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _c1\"> </span></span><span class=\"lsf ws5c\">l'i<span class=\"_ _1\"></span>mposta<span class=\"_ _1c\"></span> minima<span class=\"_ _1\"></span> sup<span class=\"_ _1\"></span>pleti<span class=\"_ _1\"></span>va, d<span class=\"_ _1\"></span>ovu<span class=\"_ _1\"></span>ta da <span class=\"_ _1c\"></span>una o pi<span class=\"_ _1\"></span>\u00f9 imp<span class=\"_ _1\"></span>rese d<span class=\"_ _1\"></span>i un<span class=\"_ _1\"></span> grup<span class=\"_ _1\"></span>po mul<span class=\"_ _1c\"></span>tinazi<span class=\"_ _1\"></span>onal<span class=\"_ _1c\"></span>e </span>localizzate<span class=\"_ _0\"></span> in Italia in relazione alle imprese facenti parte del gruppo soggette<span class=\"_ _0\"></span> ad una bas<span class=\"_ _1\"></span>sa i<span class=\"_ _1\"></span>mposiz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e qua<span class=\"_ _1c\"></span>ndo no<span class=\"_ _1\"></span>n \u00e8 s<span class=\"_ _1c\"></span>tata ap<span class=\"_ _1\"></span>plic<span class=\"_ _1\"></span>ata,<span class=\"_ _1\"></span> in <span class=\"_ _1\"></span>tutto<span class=\"_ _1\"></span> o i<span class=\"_ _1c\"></span>n parte<span class=\"_ _1\"></span>, l'<span class=\"_ _1\"></span>impos<span class=\"_ _1c\"></span>ta min<span class=\"_ _1\"></span><span class=\"ls32 ws5e\">im<span class=\"_ _0\"></span>a </span>integrativa<span class=\"_ _0\"></span> equivalente in altri Pae<span class=\"_ _0\"></span>si (c.d. \u201c<span class=\"ff5 ls3a ws316\">Un<span class=\"_ _0\"></span>derta<span class=\"_ _1c\"></span>xe<span class=\"_ _13\"></span>d Profi<span class=\"_ _1c\"></span>t R<span class=\"_ _0\"></span>ul<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- <span class=\"ls102 ws317\">U<span class=\"_ _13\"></span>T<span class=\"_ _0\"></span>PR<span class=\"_ _0\"></span>\u201d<span class=\"ff1 ls11 ws5\">).<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></span></span></span>Inolt<span class=\"_ _1\"></span>re, co<span class=\"_ _1\"></span>n Decret<span class=\"_ _1\"></span>o del M<span class=\"_ _1\"></span>iniste<span class=\"_ _1\"></span>ro dell\u2019E<span class=\"_ _1c\"></span>conomia<span class=\"_ _1\"></span> e delle Fi<span class=\"_ _1\"></span>nanze d<span class=\"_ _1c\"></span>el 20 maggi<span class=\"_ _1\"></span>o 2024 s<span class=\"_ _1\"></span>ono sta<span class=\"_ _1\"></span>ti implement<span class=\"_ _0\"></span>ati i c.d. regimi transitor<span class=\"_ _0\"></span>i semplificati da r<span class=\"_ _0\"></span>endicontazione paese per<span class=\"_ _0\"></span> paese (c.d. \u201c<span class=\"ff5 ls38 ws28\">Co<span class=\"_ _13\"></span>unt<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span> by<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ntry<span class=\"_ _0\"></span> R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rting T<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>al<span class=\"_ _1c\"></span> S<span class=\"_ _13\"></span>a<span class=\"_ _1c\"></span>fe<span class=\"_ _13\"></span> H<span class=\"_ _0\"></span>arbou<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"ls41 ws144\">CbCr TSH\u201d<span class=\"_ _1c\"></span><span class=\"ff1 lsf ws5c\">). Si t<span class=\"_ _1c\"></span>ratta di<span class=\"_ _1\"></span> un si<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>ma </span></span></span></span>di regole basato princ<span class=\"_ _0\"></span>ipalmente sulle informazion<span class=\"_ _0\"></span>i contabili disponibili per ogni giurisdizion<span class=\"_ _0\"></span>e rilev<span class=\"_ _1\"></span>ante <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span>, in c<span class=\"_ _1\"></span>aso di<span class=\"_ _1\"></span> supe<span class=\"_ _1c\"></span>ramento<span class=\"_ _1\"></span> di al<span class=\"_ _1c\"></span>meno u<span class=\"_ _1\"></span>no dei<span class=\"_ _1c\"></span> tre tes<span class=\"_ _1\"></span>t pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ti, c<span class=\"_ _1\"></span>ompor<span class=\"_ _1\"></span>ta, pe<span class=\"_ _1\"></span>r i p<span class=\"_ _1\"></span>rimi<span class=\"_ _1c\"></span> tre eserc<span class=\"_ _0\"></span>izi successivi all\u2019entrat<span class=\"_ _0\"></span>a in vigore della normativa, <span class=\"ls1c ws241\">l\u2019azze<span class=\"_ _1\"></span>rame<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>le imp<span class=\"_ _1\"></span>oste d<span class=\"_ _1c\"></span>a </span>secondo pilastro<span class=\"_ _0\"></span> e la riduzione degli oneri da adempimento.<span class=\"ls1 ws1\"> </span>Come evidenziato<span class=\"_ _0\"></span> nel bilancio consolidato dell\u2019eserciz<span class=\"_ _0\"></span>io chiuso al 31 dicembre 2024, a far data 1\u00b0 gennaio 2024, il Gru<span class=\"_ _0\"></span>ppo Anima rientra nel campo<span class=\"_ _0\"></span> di applicazione della legislaz<span class=\"_ _0\"></span>ione del seco<span class=\"_ _1\"></span>ndo pi<span class=\"_ _1\"></span>lastro q<span class=\"_ _1c\"></span>uale grup<span class=\"_ _1\"></span>po na<span class=\"_ _1\"></span>ziona<span class=\"_ _1\"></span>le co<span class=\"_ _1\"></span>n ricav<span class=\"_ _1\"></span>i ann<span class=\"_ _1\"></span>ui sup<span class=\"_ _1\"></span>eriori<span class=\"_ _1\"></span> a E<span class=\"ls0 ws81\">uro 750 milioni per </span>almeno<span class=\"_ _1\"></span> due d<span class=\"_ _1\"></span>ei qua<span class=\"_ _1c\"></span>ttro eserci<span class=\"_ _1\"></span>zi pre<span class=\"_ _1\"></span>ceden<span class=\"_ _1\"></span>ti, <span class=\"ls1 ws1\"> </span>Tuttav<span class=\"_ _0\"></span>ia, in conseguenza dell\u2019ac<span class=\"_ _0\"></span>quisizione in<span class=\"_ _0\"></span>diretta della par<span class=\"_ _0\"></span>tecipazione di co<span class=\"_ _0\"></span>ntrollo di Anima Holdin<span class=\"_ _0\"></span>g S.p.A. da parte di Banco BPM S.p.A., da aprile 202<span class=\"_ _0\"></span>5 il Gruppo Anima ha cessato di essere un autonomo gru<span class=\"_ _0\"></span>ppo nazionale ai fini della normativa del second<span class=\"ls30 ws84\">o pila<span class=\"_ _1\"></span>stro p<span class=\"_ _1\"></span>er div<span class=\"_ _1c\"></span>enire pa<span class=\"_ _1\"></span>rte </span>del g<span class=\"_ _1\"></span>rupp<span class=\"_ _1c\"></span>o multina<span class=\"_ _1c\"></span>zion<span class=\"_ _1\"></span>ale fa<span class=\"_ _1\"></span>cente<span class=\"_ _1c\"></span> capo a Ba<span class=\"_ _1c\"></span>nco BPM<span class=\"_ _1\"></span>.  <span class=\"ls1 ws1\"> </span>Pertanto, per l\u2019eserc<span class=\"_ _0\"></span>izio 2025, il Gruppo Anima <span class=\"_ _1\"></span>ha effettu<span class=\"_ _0\"></span>ato, i test previsti dai regimi transitori semplificat<span class=\"_ _0\"></span>i con riguardo all\u2019unic<span class=\"_ _0\"></span>a giurisdizione (Italia) in<span class=\"_ _0\"></span> cui sono localizzate tutte le<span class=\"_ _0\"></span> entit\u00e0 del Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima<span class=\"_ _1\"></span> (e le<span class=\"_ _1\"></span> en<span class=\"_ _1\"></span>tit\u00e0 a<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1c\"></span>o congi<span class=\"_ _1\"></span>unto i<span class=\"_ _1c\"></span>n b<span class=\"ls35 ws119\">ase al D.Lgs. n. 209<span class=\"_ _0\"></span>), limit<span class=\"_ _0\"></span>atamente al </span>period<span class=\"_ _1c\"></span>o 1\u00b0 gennai<span class=\"_ _1\"></span>o <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"ls1c ws102\">31 marz<span class=\"_ _1\"></span>o 2025<span class=\"_ _1\"></span>. Come p<span class=\"_ _1c\"></span>er l\u2019eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>2024, a<span class=\"_ _1\"></span>nche p<span class=\"_ _1\"></span>er il p<span class=\"_ _1\"></span>rimo tri<span class=\"_ _1c\"></span>mestre </span></span>2025 al<span class=\"_ _1c\"></span>meno un<span class=\"_ _1\"></span>o dei t<span class=\"_ _1\"></span>est ris<span class=\"_ _1\"></span>ulta s<span class=\"_ _1\"></span>oddis<span class=\"_ _1\"></span>fatt<span class=\"_ _1\"></span>o, con c<span class=\"_ _1c\"></span>onsegue<span class=\"_ _1\"></span>nte po<span class=\"_ _1\"></span>ssibi<span class=\"_ _1\"></span>lit\u00e0 p<span class=\"_ _1\"></span>er il G<span class=\"_ _1\"></span>ruppo A<span class=\"_ _1\"></span>nima<span class=\"_ _1c\"></span> di b<span class=\"_ _1\"></span>enefici<span class=\"_ _1\"></span>are del <span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span>egi<span class=\"_ _1\"></span>me tra<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span><span class=\"ls31 ws2b\">sitorio.<span class=\"_ _0\"></span>  <span class=\"ls1 ws1\"> </span></span>Alla data di chiusura dell\u2019es<span class=\"_ _0\"></span>ercizio 2025 non risulta alcuna esposizione del Gruppo Anima alle imposte de<span class=\"_ _0\"></span>l secondo pilast<span class=\"_ _0\"></span>ro.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-700": {
   "value": "Il Bilancio<span class=\"_ _0\"></span> consolidato \u00e8 stato redatto ne<span class=\"_ _0\"></span>lla prospettiva della continuit\u00e0 de<span class=\"_ _0\"></span>ll\u2019attivit\u00e0 azien<span class=\"_ _0\"></span>dale, che appare appropriata alla luce de<span class=\"_ _0\"></span>ll\u2019andamento economico e delle prospettive aziendali, secondo il principio<span class=\"_ _0\"></span> della contabilizzazione per competenza econom<span class=\"_ _0\"></span>ica, nel rispetto del principio<span class=\"_ _0\"></span> di rilevanza e<span class=\"_ _0\"></span> di significativit\u00e0 de<span class=\"_ _0\"></span>ll\u2019informazione<span class=\"_ _0\"></span> e della prevalenz<span class=\"_ _0\"></span>a della sostanza sulla forma<span class=\"_ _1\"></span>. N<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>ono s<span class=\"_ _1c\"></span>tati ri<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>ti ev<span class=\"_ _1c\"></span>enti o <span class=\"_ _1\"></span>circ<span class=\"_ _1\"></span>osta<span class=\"_ _1\"></span>nze <span class=\"_ _1c\"></span>che ris<span class=\"_ _1\"></span>ulti<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>sser<span class=\"_ _1\"></span>e sig<span class=\"_ _1c\"></span>nifica<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span> e c<span class=\"_ _1\"></span>he p<span class=\"_ _1\"></span>ossa<span class=\"_ _1\"></span>no gen<span class=\"_ _1\"></span>erare<span class=\"_ _1\"></span> dubb<span class=\"_ _1\"></span>i sul<span class=\"_ _1\"></span>la c<span class=\"_ _1\"></span>onti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1\"></span> <span class=\"ls11 ws5\">aziendale.<span class=\"ls1 ws1\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-685": {
   "value": "In co<span class=\"_ _1\"></span>nformi<span class=\"_ _1\"></span>t\u00e0 a qua<span class=\"_ _1c\"></span>nto dis<span class=\"_ _1\"></span>posto d<span class=\"_ _1\"></span>all\u2019a<span class=\"_ _1c\"></span>rt. 5, com<span class=\"_ _1\"></span>ma 2, de<span class=\"_ _1\"></span>l Dec<span class=\"_ _1\"></span>reto L<span class=\"_ _1\"></span>egisla<span class=\"_ _1\"></span>tivo n<span class=\"_ _1\"></span>. 38 del<span class=\"_ _1\"></span> 28<span class=\"_ _1\"></span> febbraio<span class=\"_ _0\"></span> 2005, il bilancio \u00e8 redatto utilizzan<span class=\"_ _0\"></span>do l\u2019Euro come moneta di conto.<span class=\"ls1 ws1\"> </span>Se non diversamente specific<span class=\"_ _0\"></span>ato, gli importi del Bilancio consolidato sono<span class=\"_ _0\"></span> esposti in migliaia di Euro.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-641": {
   "value": "In relazione al rendiconto finanziario conso<span class=\"_ _0\"></span>lidato, come previsto dallo IAS 7 paragrafi 45 <span class=\"_ _1\"></span>e 46, la riconc<span class=\"_ _0\"></span>iliazione considera<span class=\"_ _0\"></span> le voci di cassa e di con<span class=\"_ _0\"></span>to corrente<span class=\"_ _0\"></span> (a vista e non a vista) di in<span class=\"_ _0\"></span>izio e fine esercizio<span class=\"_ _0\"></span> quale aggregato relativo al cosidde<span class=\"_ _0\"></span>tto \u201cca<span class=\"lsf ws17\">sh equi<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ent\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "Sezione 3 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Ev<span class=\"_ _0\"></span>enti succes<span class=\"_ _0\"></span>sivi<span class=\"_ _0\"></span> alla data d<span class=\"_ _0\"></span>i rif<span class=\"_ _0\"></span>erimento<span class=\"_ _0\"></span> del Bi<span class=\"_ _0\"></span>lanci<span class=\"_ _0\"></span>o cons<span class=\"_ _0\"></span>olidato</span> </span>Alla data del 2 marzo 2<span class=\"_ _1\"></span>026, data di approvazione del pr<span class=\"_ _1\"></span>esente Bilancio consolidato da parte del Consiglio di Ammin<span class=\"_ _0\"></span>istrazione (anche \u201cCdA\u201d) di <span class=\"lsf wsd6\">Anima Hol<span class=\"_ _1\"></span>ding<span class=\"_ _1\"></span> S.p.A<span class=\"_ _1c\"></span>. <span class=\"_ _0\"></span>(di<span class=\"_ _1\"></span> seguito \u201cA<span class=\"_ _1c\"></span>nima Hold<span class=\"_ _1\"></span>ing\u201d<span class=\"_ _1\"></span>, </span>l\u2019\u201cEmittente\u201d o la \u201cSociet<span class=\"_ _0\"></span>\u00e0\u201d)<span class=\"ls35 wsf1\">, non sono int<span class=\"_ _0\"></span>ervenut<span class=\"_ _0\"></span>i eventi<span class=\"_ _0\"></span> che comport<span class=\"_ _0\"></span>ino rett<span class=\"_ _0\"></span>ifiche o<span class=\"_ _0\"></span> che </span>richiedano<span class=\"_ _0\"></span> una modifica di valori di at<span class=\"_ _0\"></span>tivit\u00e0 e<span class=\"_ _0\"></span> passivit\u00e0 ovvero men<span class=\"_ _0\"></span>zione nella nota inte<span class=\"_ _0\"></span>grativa consolidata. In<span class=\"_ _0\"></span> particolare, si segnala che:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws79\">in dat<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>26 genna<span class=\"_ _0\"></span>io 2026 il Consiglio di Amministrazione della Societ\u00e0 ha deliberato la </span></span>cooptazione<span class=\"_ _0\"></span> del Dott. Saverio Peris<span class=\"_ _0\"></span>sinotto quale Con<span class=\"_ _0\"></span>sigliere di amministr<span class=\"_ _0\"></span>azione e la sua nomi<span class=\"_ _1\"></span>na ad<span class=\"_ _1\"></span> Ammi<span class=\"_ _1c\"></span>nistrator<span class=\"_ _1c\"></span>e Delega<span class=\"_ _1\"></span>to e<span class=\"_ _1\"></span> Dire<span class=\"_ _1\"></span>ttor<span class=\"_ _1\"></span>e Ge<span class=\"_ _1\"></span>nerale<span class=\"_ _1\"></span> di A<span class=\"_ _1c\"></span>nima Hol<span class=\"_ _1c\"></span>ding a d<span class=\"_ _1c\"></span>ecorr<span class=\"ls1d wsb5\">ere dal </span>2 febbraio 2026 (cfr. comunicato stampa \u201cCooptazione e nomina dell\u2019Amministratore Delega<span class=\"_ _1c\"></span>to e Dirett<span class=\"_ _1\"></span>ore Gen<span class=\"_ _1\"></span>erale\u201d<span class=\"_ _1\"></span> del <span class=\"_ _1\"></span>26 genna<span class=\"_ _1\"></span>io 202<span class=\"_ _1\"></span>6). I<span class=\"_ _1\"></span>noltre, <span class=\"_ _1\"></span>si seg<span class=\"_ _1\"></span>nala c<span class=\"_ _1\"></span>he in data<span class=\"_ _1\"></span> 28<span class=\"_ _1\"></span> gennaio 2026 il Con<span class=\"_ _0\"></span>siglio di Amministrazione<span class=\"_ _0\"></span> della controllata Anim<span class=\"_ _0\"></span>a SGR S.p.A<span class=\"ls11 wsbc\">. (\u201cAnima </span>SGR) ha <span class=\"_ _0\"></span><span class=\"ls30 ws8f\">nomi<span class=\"_ _1\"></span>nato l<span class=\"_ _1\"></span>o stess<span class=\"_ _1\"></span>o Dot<span class=\"_ _1\"></span>t. Save<span class=\"_ _1\"></span>rio P<span class=\"_ _1\"></span>erissi<span class=\"_ _1\"></span>nott<span class=\"_ _1\"></span>o quale <span class=\"_ _1\"></span>Ammi<span class=\"_ _1\"></span>nistra<span class=\"_ _1c\"></span>tore Del<span class=\"_ _1\"></span>egat<span class=\"_ _1\"></span>o e </span>Dire<span class=\"_ _1\"></span>ttore <span class=\"_ _1\"></span>Genera<span class=\"_ _1\"></span>le, a<span class=\"_ _1c\"></span>nche in q<span class=\"_ _1\"></span>uest<span class=\"_ _1\"></span>o cosa<span class=\"_ _1\"></span> con d<span class=\"_ _1\"></span>ecor<span class=\"_ _1\"></span>renza d<span class=\"_ _1\"></span>al 2 f<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>raio 20<span class=\"_ _1\"></span>26;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws0\">con r<span class=\"_ _0\"></span>iferimento alle societ\u00e0 contro<span class=\"_ _0\"></span>llate:</span><span class=\"ff1\"> <span class=\"_ _a6\"> </span> </span></span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls11 ws19\">in dat<span class=\"_ _0\"></span>a 23 febbraio 202</span><span class=\"ff1\">6 <span class=\"ls0 ws0\">il Cons<span class=\"_ _0\"></span>iglio di Amministrazione della contr<span class=\"_ _0\"></span>ollata indirett<span class=\"_ _0\"></span>a Vita </span></span></span>S.r.l<span class=\"_ _1\"></span>. (\u201cVita<span class=\"_ _1\"></span> Srl\")<span class=\"_ _1\"></span> ha ap<span class=\"_ _1\"></span>prova<span class=\"_ _1\"></span>to il<span class=\"_ _1\"></span> progett<span class=\"_ _1\"></span>o di b<span class=\"_ _1\"></span>ilanci<span class=\"_ _1\"></span>o d\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1\"></span>o al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>25,<span class=\"_ _1\"></span> atte<span class=\"_ _0\"></span>stante un ut<span class=\"_ _0\"></span>ile netto par<span class=\"_ _0\"></span>i a circa Euro<span class=\"_ _0\"></span> 15 mila;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wsc6\">in data 24 febbraio 2026 il Consiglio<span class=\"_ _0\"></span> di Amministrazione</span><span class=\"ff1\"> <span class=\"_ _1ab\"> </span><span class=\"ls0 wsc6\">della contro<span class=\"_ _0\"></span>llata Anima </span></span></span>Alte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>SGR <span class=\"_ _1\"></span>S.p.A<span class=\"_ _1\"></span>. (<span class=\"_ _1\"></span>\u201cAnima<span class=\"_ _1c\"></span> Alter<span class=\"_ _1\"></span>nati<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>SGR\")<span class=\"_ _1\"></span> ha ap<span class=\"_ _1c\"></span>prova<span class=\"_ _1\"></span>to il<span class=\"_ _1\"></span> prog<span class=\"_ _1c\"></span>etto di<span class=\"_ _1\"></span> bil<span class=\"_ _1\"></span>anci<span class=\"_ _1\"></span>o d\u2019esercizio<span class=\"_ _0\"></span> al 31 <span class=\"_ _0\"></span>dicembre 2025,<span class=\"_ _0\"></span> attestante un<span class=\"_ _0\"></span> utile netto<span class=\"_ _0\"></span> pari a<span class=\"_ _0\"></span> circa <span class=\"_ _0\"></span>Euro 4,9 milion<span class=\"_ _0\"></span>i;<span class=\"ls1 ws1\"> </span> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wse3\">in data 24 febbr<span class=\"_ _0\"></span>aio 2026 il Consiglio di Amministrazione</span><span class=\"ff1\">  <span class=\"ls0 wse3\">della<span class=\"_ _0\"></span> controllata diretta </span></span>Castello SGR S.p.<span class=\"_ _0\"></span>A. (\u201cCastello SGR\u201d) ha approvato il proget<span class=\"_ _0\"></span>to di bilancio d\u2019esercizio al 31 dicembre 2025,<span class=\"_ _0\"></span> attestante un utile netto par<span class=\"_ _0\"></span>i a circa Euro 3,5 milioni;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws97\">in data 25 febbraio 2026 il Consiglio di Amministrazione</span><span class=\"ff1\"> <span class=\"_ _1ab\"> </span><span class=\"ls0 wsc6\">de<span class=\"_ _0\"></span>lla controllata Kairos </span></span></span>Partners<span class=\"_ _0\"></span> SGR S.p.A. (\u201cKairos SGR<span class=\"_ _0\"></span>\u201d) ha approvato il progetto<span class=\"_ _0\"></span> di bilancio d\u2019eserc<span class=\"_ _0\"></span>izio al 31 dicemb<span class=\"_ _1c\"></span>re 2025, c<span class=\"_ _1\"></span>he regi<span class=\"_ _1\"></span>stra un u<span class=\"_ _1\"></span>tile net<span class=\"_ _1\"></span>to pari a<span class=\"_ _1\"></span> circa Euro<span class=\"_ _1c\"></span> <span class=\"_ _0\"></span>9,5 mili<span class=\"_ _1\"></span>oni;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wsb1\">in data 26 f<span class=\"_ _0\"></span>ebbraio 2026 il Co<span class=\"_ _0\"></span>nsiglio di Amminist<span class=\"_ _0\"></span>razione</span><span class=\"ff1\"> <span class=\"_ _13\"></span><span class=\"ls11 wse1\">della contr<span class=\"_ _0\"></span>ollata Anima SGR </span></span></span>ha approvato il progetto di bilancio d\u2019esercizio al 31 dicembre 2025, che registr<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>un utile netto pari a c<span class=\"_ _0\"></span>irca Euro 241 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-701": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gsf4\">Sezione 4 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Al<span class=\"_ _0\"></span>tri aspetti<span class=\"_ _0\"></span></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gsf5\">In relaz<span class=\"_ _0\"></span>ione all\u2019informativa richiest<span class=\"_ _0\"></span>a dallo IAS 10 riguardo la pubblicazione<span class=\"_ _0\"></span> dell\u2019informativa </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gsf6\">finanziaria,<span class=\"_ _0\"></span> si informa che il presente<span class=\"_ _0\"></span> Bilancio consolidato \u00e8 stato appr<span class=\"_ _0\"></span>ovato dal Consiglio di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws19 gsf7\">Amministrazione <span class=\"_ _0\"></span>della Societ\u00e0 in data 2<span class=\"_ _0\"></span> marzo 2026.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-712": {
   "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 ai pagamenti basati su azioni 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": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-702": {
   "value": "Utiliz<span class=\"_ _1\"></span>zo di st<span class=\"_ _1c\"></span>ime e assunz<span class=\"_ _1\"></span>ioni ne<span class=\"_ _1\"></span>lla p<span class=\"_ _1\"></span>redisp<span class=\"_ _1\"></span>osizione<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>\u2019infor<span class=\"_ _1\"></span>mativ<span class=\"_ _1\"></span>a finanzia<span class=\"_ _1\"></span>ria<span class=\"ls1 ws1\"> </span>La <span class=\"ls0 ws8c\">predis<span class=\"_ _0\"></span>posizione dell\u2019informat<span class=\"_ _0\"></span>iva finanziaria richiede anche il ricorso a stime e ad assu<span class=\"_ _1\"></span>nzion<span class=\"_ _0\"></span>i </span>che possono determinare<span class=\"_ _0\"></span> significativi effetti sui valor<span class=\"_ _0\"></span>i iscritti nello Stato Patrimonia<span class=\"_ _0\"></span>le conso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>o e nel Conto Eco<span class=\"_ _0\"></span>nomic<span class=\"_ _0\"></span>o consolida<span class=\"_ _0\"></span>to, non<span class=\"_ _0\"></span>ch\u00e9 sul<span class=\"_ _0\"></span>l\u2019inform<span class=\"_ _0\"></span>ativa<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls0 ws65\">relat<span class=\"_ _0\"></span>iva alle attivit\u00e0 e </span></span>passivit\u00e0 pot<span class=\"_ _0\"></span>enziali riportate ne<span class=\"_ _0\"></span>l Bilancio consolidato. L\u2019e<span class=\"_ _0\"></span>laborazione di tali stime<span class=\"_ _0\"></span> implica l\u2019utilizzo<span class=\"_ _0\"></span> delle informazioni dis<span class=\"_ _0\"></span>ponibili e l\u2019adozione di valuta<span class=\"_ _0\"></span>zioni soggettive, fondate anch<span class=\"_ _0\"></span>e sull\u2019esper<span class=\"_ _0\"></span>ienza storica, utiliz<span class=\"_ _0\"></span>zata ai fini della fo<span class=\"_ _0\"></span>rmulazione di as<span class=\"_ _0\"></span>sunzioni ragionevoli per<span class=\"_ _0\"></span> la rilevazione<span class=\"_ _0\"></span> dei fatti di gestione. Per loro natura le stime e le assunzioni utilizzate possono variare di eserc<span class=\"_ _0\"></span>izio in esercizio e, pertanto,<span class=\"_ _0\"></span> non <span class=\"_ _1\"></span>\u00e8 da escluder<span class=\"_ _0\"></span>si che negli esercizi successiv<span class=\"_ _0\"></span>i i valori<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"lsf ws7a\">iscri<span class=\"_ _1\"></span>tti i<span class=\"_ _1c\"></span>n bilanci<span class=\"_ _1c\"></span>o possa<span class=\"_ _1c\"></span>no varia<span class=\"_ _1c\"></span>re anch<span class=\"_ _1\"></span>e in ma<span class=\"_ _1\"></span>niera<span class=\"_ _1\"></span> sig<span class=\"_ _1c\"></span>nificati<span class=\"_ _1\"></span>va a<span class=\"_ _1\"></span> segui<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>el mu<span class=\"_ _1\"></span>tame<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span> </span></span>delle <span class=\"_ _0\"></span>valutazioni so<span class=\"_ _0\"></span>ggettive utilizzate<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span>Le principali fattis<span class=\"_ _0\"></span>pecie per le quali \u00e8 maggiormente richiesto l\u2019impiego di valut<span class=\"_ _0\"></span>azioni soggettive da parte de<span class=\"_ _0\"></span>lla direzione azie<span class=\"_ _0\"></span>ndale sono:<span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws9e\">l\u2019eventuale<span class=\"_ _0\"></span> identificazione e quantificazion<span class=\"_ _0\"></span>e delle perdite per riduzio<span class=\"_ _0\"></span>ne di valore degli<span class=\"_ _1\"></span> </span></span>avviamenti e<span class=\"_ _0\"></span> delle altre attivit\u00e0 immateriali is<span class=\"_ _0\"></span>critti nell\u2019att<span class=\"_ _0\"></span>ivo del Bilancio conso<span class=\"_ _0\"></span>lidato;<span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws74\">la quantific<span class=\"_ _0\"></span>azione dei fondi per rischi e<span class=\"_ _0\"></span> oneri e dei relativi accantonamenti,<span class=\"_ _0\"></span> con specifico </span></span>rifer<span class=\"_ _0\"></span>imento alle passivit\u00e0 stimate verso il personale, ai contenz<span class=\"_ _0\"></span>iosi legali e fiscali, oltre alla stima degli oner<span class=\"_ _0\"></span>i del personale correlata alla compon<span class=\"_ _0\"></span>ente di remunerazione variabile;<span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws74\">le stime e assunzion<span class=\"_ _0\"></span>i relative alla determinazione del fair value degli st<span class=\"_ _0\"></span>rumenti finanziari </span></span>non qu<span class=\"_ _1\"></span>otati<span class=\"_ _1\"></span> in mer<span class=\"_ _1\"></span>cati atti<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws0\">le stime e le assunz<span class=\"_ _0\"></span>ioni sulla recuperabilit<span class=\"_ _0\"></span>\u00e0 della fiscalit\u00e0 ant<span class=\"_ _0\"></span>icipata;</span><span class=\"ff1\"> </span></span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws0\">le stime e le assunz<span class=\"_ _0\"></span>ioni relative alla determ<span class=\"_ _0\"></span>inazione del valore attu<span class=\"_ _0\"></span>ariale del TFR;</span><span class=\"ff1\"> </span></span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 wsae\">le stime<span class=\"_ _0\"></span> e le assunzioni re<span class=\"_ _0\"></span>lative ai pagamenti basat<span class=\"_ _0\"></span>i su azioni e alla de<span class=\"_ _0\"></span>terminazione del loro </span></span>fair value;<span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws74\">le stime e le assunzioni sulla recupera<span class=\"_ _0\"></span>bilit\u00e0 degli importi iscritti tra i riscont<span class=\"_ _0\"></span>i attivi relativi </span></span>alle commiss<span class=\"_ _0\"></span>ioni una tantum pagate ai collocator<span class=\"_ _0\"></span>i;<span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws15\">le stime relative alla determinazione delle commission<span class=\"_ _0\"></span>i attive dei FIA i<span class=\"_ _1\"></span>mmobiliar<span class=\"_ _0\"></span>i nei casi in </span></span>cui il parametro di riferimento previsto per il calcolo delle stesse non risulti ancora punt<span class=\"_ _1c\"></span>ualment<span class=\"_ _1\"></span>e qua<span class=\"_ _1\"></span>ntif<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>bile<span class=\"_ _1\"></span> (total<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tivo<span class=\"_ _1\"></span> del f<span class=\"_ _1c\"></span>ondo);<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws74\">le stime<span class=\"_ _0\"></span> e le assunzioni relat<span class=\"_ _0\"></span>ive alla valutazione de<span class=\"_ _0\"></span>lle attivit\u00e0<span class=\"_ _0\"></span> finanziarie valutate al c<span class=\"_ _0\"></span>osto </span></span>ammo<span class=\"_ _1\"></span>rtizza<span class=\"_ _1c\"></span>to;<span class=\"ls1 ws1\"> </span><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs11a\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 wse0\">le stime connesse alla<span class=\"_ _0\"></span> determinazione degli impegni relat<span class=\"_ _0\"></span>ivi alle garanzie prest<span class=\"_ _0\"></span>ate dalla </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs11b\">cont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ata Ani<span class=\"_ _1c\"></span>ma SGR <span class=\"_ _1\"></span>per i co<span class=\"_ _1\"></span>mpar<span class=\"_ _1\"></span>ti dei<span class=\"_ _1\"></span> fond<span class=\"_ _1\"></span>i pensi<span class=\"_ _1c\"></span>one che p<span class=\"_ _1c\"></span>revedo<span class=\"_ _1\"></span>no la<span class=\"_ _1\"></span> restit<span class=\"_ _1c\"></span>uzione d<span class=\"_ _1\"></span>el </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs11c\">capitale;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs11d\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws54\">l\u2019allocaz<span class=\"_ _0\"></span>ione del prezzo di acquisto nell\u2019am<span class=\"_ _0\"></span>bito delle operazioni di aggregazion<span class=\"_ _0\"></span>e aziendale </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs11e\">(Purc<span class=\"_ _1\"></span>hase P<span class=\"_ _1c\"></span>rice All<span class=\"_ _1\"></span>ocati<span class=\"_ _1\"></span>on <span class=\"ls1 ws1\">\u2013 <span class=\"ls11 ws5\">\u201cPPA\u201d).</span></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs120\">A causa dell\u2019incerte<span class=\"_ _0\"></span>zza relativa all\u2019ambito e alla portata degli eventi esogen<span class=\"_ _0\"></span>i di questa natura, la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws25f gs121\">reazione dei sistem<span class=\"_ _0\"></span>i economici e finanziari \u00e8 tipicamente una imme<span class=\"_ _0\"></span>diata riduzione </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsbb gs122\">dell\u2019es<span class=\"_ _0\"></span>posizione al rischio, indipendentemente<span class=\"_ _0\"></span> dalla valutazione effett<span class=\"_ _0\"></span>iva degli impatti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs123\">economici dello shoc<span class=\"_ _0\"></span>k, c<span class=\"_ _1\"></span>on conse<span class=\"_ _0\"></span>guenti crash di mercato e incremento prociclico dei rischi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs124\">sistemic<span class=\"_ _0\"></span>i. In tali eventi, la riduzione dei ric<span class=\"_ _0\"></span>avi pu\u00f2 derivare: (i) dalla svalut<span class=\"_ _0\"></span>azione degli Asset </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws105 gs125\">unde<span class=\"_ _1\"></span>r Ma<span class=\"_ _1\"></span>nage<span class=\"_ _1\"></span>ment <span class=\"_ _1\"></span>(\u201cA<span class=\"_ _1\"></span>uM\u201d) s<span class=\"_ _1c\"></span>ui qual<span class=\"_ _1\"></span>i v<span class=\"_ _1\"></span>engo<span class=\"_ _1\"></span>no cal<span class=\"_ _1\"></span>col<span class=\"_ _1\"></span><span class=\"ls0 wsf3\">ate le commissioni,<span class=\"_ _0\"></span> (ii) dalle maggiori </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws61 gs126\">difficolt\u00e0<span class=\"_ _0\"></span> nella generazione di commissioni legate all\u2019<span class=\"_ _0\"></span>andamento della performance dei </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wse2 gs127\">prod<span class=\"_ _1\"></span>otti<span class=\"_ _1\"></span>, qual<span class=\"_ _1c\"></span>ora co<span class=\"_ _1c\"></span>ntrattua<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span> previ<span class=\"_ _1\"></span>ste,<span class=\"_ _1\"></span> (ii<span class=\"_ _1c\"></span>i) dal<span class=\"_ _1\"></span>la rid<span class=\"_ _1\"></span>uzi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ella<span class=\"_ _1\"></span> rac<span class=\"_ _1\"></span>colta<span class=\"_ _1\"></span> net<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>ovuta<span class=\"_ _1c\"></span> al </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs128\">clima di incerte<span class=\"_ _0\"></span>zza generato sia dallo shock che dalla reaz<span class=\"_ _0\"></span>ione dei mercati finanziar<span class=\"_ _0\"></span>i. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsa4 gs129\">Dal<span class=\"_ _1\"></span> punt<span class=\"_ _1\"></span>o di vi<span class=\"_ _1\"></span>sta o<span class=\"_ _1\"></span>pera<span class=\"_ _1c\"></span>tivo, il<span class=\"_ _1\"></span> Grupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma ha<span class=\"_ _1c\"></span> un piano d<span class=\"_ _1\"></span>i c<span class=\"_ _1\"></span>onti<span class=\"_ _1\"></span>nuit\u00e0 a<span class=\"_ _1c\"></span>ziendal<span class=\"_ _1\"></span>e c<span class=\"_ _1\"></span>he pu\u00f2 <span class=\"_ _1\"></span>esser<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws152 gs12a\">pro<span class=\"_ _1\"></span>ntam<span class=\"_ _1\"></span>ente a<span class=\"_ _1c\"></span>ttivato<span class=\"_ _1\"></span> in ca<span class=\"_ _1\"></span>so di<span class=\"_ _1\"></span> nec<span class=\"_ _1\"></span>essi<span class=\"_ _1\"></span>t\u00e0 al<span class=\"_ _1\"></span> fine<span class=\"_ _1\"></span> di g<span class=\"_ _1\"></span>aranti<span class=\"_ _1c\"></span>re la c<span class=\"_ _1\"></span>onti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1\"></span> ope<span class=\"_ _1\"></span>rativ<span class=\"_ _1\"></span>a del<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10f gs12b\">business.<span class=\"_ _0\"></span> Le caratteristiche<span class=\"_ _0\"></span> del business, le dimen<span class=\"_ _0\"></span>sioni aziendali e<span class=\"ls1 ws1\"> <span class=\"_ _1e\"> </span></span>le<span class=\"_ _0\"></span> tecnologie in u<span class=\"_ _0\"></span>so </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws10d gs12c\">cons<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>noltr<span class=\"_ _1\"></span>e una<span class=\"_ _1\"></span> rispo<span class=\"_ _1c\"></span>sta agil<span class=\"_ _1\"></span>e, v<span class=\"_ _1\"></span>eloce e<span class=\"_ _1\"></span>d ef<span class=\"_ _1\"></span>ficac<span class=\"_ _1c\"></span>e anche<span class=\"_ _1\"></span> in ca<span class=\"_ _1\"></span>so di s<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>uazio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws84 gs12d\">parti<span class=\"_ _1\"></span>colar<span class=\"_ _1\"></span>e emerg<span class=\"_ _1c\"></span>enza, face<span class=\"_ _1\"></span>ndo amp<span class=\"_ _1\"></span>io e temp<span class=\"_ _1c\"></span>estivo ric<span class=\"_ _1\"></span>orso a mod<span class=\"_ _1\"></span>alit<span class=\"_ _1\"></span>\u00e0 di lav<span class=\"_ _1\"></span>oro da rem<span class=\"_ _1\"></span>oto e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws59 gs12e\">gara<span class=\"_ _1\"></span>ntend<span class=\"_ _1c\"></span>o la pi<span class=\"_ _1\"></span>ena c<span class=\"_ _1\"></span>onti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1\"></span> ope<span class=\"_ _1\"></span>rativa<span class=\"_ _1c\"></span>. La pres<span class=\"_ _1c\"></span>enza <span class=\"lse ws57\">di una gamma di prodotti am<span class=\"_ _0\"></span>piamente </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs12f\">diversific<span class=\"_ _0\"></span>ata sia in termini di m<span class=\"_ _0\"></span>ercati, sia in<span class=\"_ _0\"></span> termini di strategie,<span class=\"_ _0\"></span> con una presenza s<span class=\"_ _0\"></span>ignificativa </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9e gs131\">di soluzion<span class=\"_ _0\"></span>i a ritorno asso<span class=\"_ _0\"></span>luto/flessibili e a bas<span class=\"_ _0\"></span>so rischio, con<span class=\"_ _0\"></span>sente di ridurre l'im<span class=\"_ _0\"></span>patto di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1e7 gs132\">eventuali shoc<span class=\"_ _0\"></span>k di mercato sullo stock di AuM. Inoltre, l'elevat<span class=\"_ _0\"></span>a p<span class=\"_ _1\"></span>re<span class=\"_ _0\"></span>senza di investitori </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfd gs133\">istituzion<span class=\"_ _0\"></span>ali, tipicamente or<span class=\"_ _0\"></span>ientati verso prodotti a risch<span class=\"_ _0\"></span>io medio<span class=\"ls1 ws1\">-<span class=\"lse ws0\">bas<span class=\"ls30 ws23e\">so, co<span class=\"_ _1c\"></span>ntribuis<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf3 gs134\">proteggere lo<span class=\"_ _0\"></span> stock di AuM da potenziali s<span class=\"_ _0\"></span>hock di mercato.<span class=\"_ _0\"></span> Infine, il modello<span class=\"_ _0\"></span> di business </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs135\">commerciale<span class=\"_ _0\"></span> focalizzato sulla vicinanz<span class=\"_ _0\"></span>a e sull'affiancamento continuo a collocatori e<span class=\"_ _0\"></span> clienti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws107 gs136\">cons<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>, an<span class=\"_ _1\"></span>che i<span class=\"_ _1\"></span>n si<span class=\"_ _1\"></span>tuaz<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> di p<span class=\"_ _1\"></span>artic<span class=\"_ _1c\"></span>olare i<span class=\"_ _1c\"></span>ncertez<span class=\"_ _1\"></span><span class=\"ls31 ws8f\">za, di av<span class=\"_ _0\"></span>ere un cont<span class=\"_ _0\"></span>atto dire<span class=\"_ _0\"></span>tto con loro<span class=\"_ _0\"></span>, </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs137\">finalizzato a<span class=\"_ _0\"></span> supportare in modo razionale i loro proce<span class=\"_ _0\"></span>ssi decisionali.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1e3 gs138\">Con ri<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span> alle<span class=\"_ _1\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _1\"></span>confe<span class=\"_ _1\"></span>rite i<span class=\"_ _1\"></span>n outs<span class=\"_ _1c\"></span>ourcing a<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span>nitori<span class=\"_ _1\"></span> terz<span class=\"_ _1c\"></span>i, le soci<span class=\"_ _1c\"></span>et\u00e0 del G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs139\">Anima, in<span class=\"_ _0\"></span> particolare quelle operative,<span class=\"_ _0\"></span> hanno verificato le modalit<span class=\"_ _0\"></span>\u00e0 di attivazione dei rispettiv<span class=\"_ _0\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wsda gs13a\">piani<span class=\"_ _1\"></span> di emerg<span class=\"_ _1c\"></span>enza, ric<span class=\"_ _1c\"></span>h<span class=\"_ _0\"></span>ied<span class=\"_ _1\"></span>endo e <span class=\"_ _1\"></span>otten<span class=\"_ _1\"></span>endo co<span class=\"_ _1\"></span>municaz<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> e a<span class=\"ls0 wse0\">ggiornamenti periodici su<span class=\"_ _0\"></span>lle </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs13b\">condizioni di prestaz<span class=\"_ _0\"></span>ione delle attivit\u00e0. Il Gruppo Anim<span class=\"_ _0\"></span>a \u00e8 dotato di un sistema di monitoraggio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs13c\">continuat<span class=\"_ _0\"></span>ivo e di valutazione periodica dell\u2019opera<span class=\"_ _0\"></span>to degli outsourcer che tiene conto dei livelli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws141 gs13d\">di continuit\u00e0, e<span class=\"_ _0\"></span>fficacia ed effi<span class=\"ls0 ws54\">cienz<span class=\"_ _0\"></span>a dei servizi svolti, anche al fine di reagire prontamente alle </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws18b gs13e\">muta<span class=\"_ _1\"></span>te cond<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>ell\u2019a<span class=\"_ _1\"></span>mbie<span class=\"_ _1\"></span>nte op<span class=\"_ _1\"></span>erativ<span class=\"_ _1c\"></span>o. Tale<span class=\"_ _1\"></span> presi<span class=\"_ _1\"></span>dio \u00e8<span class=\"_ _1\"></span> sta<span class=\"_ _1\"></span>to rec<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>mente a<span class=\"_ _1\"></span>deg<span class=\"_ _1\"></span>uato, a<span class=\"_ _1c\"></span>nche </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs13f\">al fine di dare attuazione a quanto previsto dall\u2019aggiorn<span class=\"_ _0\"></span>amento del Regolamento di attuazione<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws155 gs140\">degl<span class=\"_ _1\"></span>i art. 4 <span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>ndec<span class=\"_ _1\"></span>ies e<span class=\"_ _1\"></span> 6 com<span class=\"_ _1\"></span>ma 1b)<span class=\"_ _1\"></span> e c<span class=\"ls1 ws1\">-<span class=\"ls0 wsb9\">bis) del TUF che recepisce gli orientamenti ESMA in </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs141\">materia di esterna<span class=\"_ _0\"></span>lizzazione a fornitori di servizi cloud nonch\u00e9 alle prescriz<span class=\"_ _0\"></span>ioni del Regolamento </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs142\">DORA i<span class=\"_ _1c\"></span>n tema d<span class=\"_ _1\"></span>i ge<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>elle <span class=\"_ _1\"></span>terz<span class=\"_ _1\"></span>e par<span class=\"_ _1\"></span>ti.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-614": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs144\">Sezione 5 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Are<span class=\"_ _0\"></span>a e metodi d<span class=\"_ _0\"></span>i cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>damento<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls30 ws1f gs145\">1.<span class=\"ff18 ls1 ws1\"> <span class=\"_ _15f\"> </span></span><span class=\"ls42 ws5\">Partecipazioni in societ\u00e0 controlla<span class=\"_ _1\"></span>te in via esclusiva<span class=\"_ _4ac\"> </span></span><span class=\"ls42 ws5\"><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs146\">Nel prospetto<span class=\"_ _0\"></span> che segue sono indicate le partec<span class=\"_ _0\"></span>ipazioni incluse nell\u2019ar<span class=\"_ _0\"></span>ea di consolidamento<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs147\">integrale de<span class=\"_ _0\"></span>l presente Bilancio consolidato al 31 dice<span class=\"_ _0\"></span>mbre 2025:<span class=\"ls1 ws1\"> </span></div><div class=\"gs148\"><table class=\"s w41c h430\" id=\"_4d4769ae-4dbc-4a9a-bfbe-ad9d967fdd32\"><tr><td class=\"c x405 y34fa w10c h129\"><div class=\"t m14 x24 h127 y15b8 ff2 fs20 fc0 sc0 ls10b ws322\">Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x452 y34fa w10d h129\"><div class=\"t m14 x13f h127 y15b6 ff2 fs20 fc0 sc0 ls10c ws323\">Sede </div></td><td class=\"c x453 y34fa w10e h129\"><div class=\"t m14 xf7 h127 y15b8 ff2 fs20 fc0 sc0 ls10c ws324\">Sede leg<span class=\"_ _1\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x454 y34fa w10f h129\"><div class=\"t m14 x60 h127 y15b9 ff2 fs20 fc0 sc0 ls10d ws325\">Tipo<span class=\"_ _1c\"></span> di ra<span class=\"_ _1\"></span>ppor<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> </div></td><td></td><td class=\"c x455 y34fb w110 h128\"><div class=\"t m14 x26 h127 y15bc ff2 fs20 fc0 sc0 ls103 ws31a\">Rapp<span class=\"_ _0\"></span>orto di part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y34fa w10b h129\"><div class=\"t m14 x60 h12a y15b6 ffd fs20 fc0 sc0 ls109 ws320\">Disp<span class=\"_ _0\"></span>onibilit\u00e0 voti % </div></td></tr><tr><td></td><td class=\"c x452 y34fa w10d h129\"><div class=\"t m14 x16 h127 y15b7 ff2 fs20 fc0 sc0 ls104 ws31b\">op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x454 y34fa w10f h129\"><div class=\"t m14 xb2 h127 y15ba ff2 fs20 fc0 sc0 ls103 ws326\">(a)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x457 y34fd w41d h431\"><div class=\"t m14 x1fa h127 y34fc ff2 fs20 fc0 sc0 ls103 ws31a\">Im<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sa part<span class=\"_ _0\"></span>ecipant<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x458 y34fd w41e h432\"><div class=\"t m14 x1fa h127 y34fc ffd fs20 fc0 sc0 ls104 ws31b\">Qu<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span> %<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y34fa w10b h129\"><div class=\"t m14 x14b h127 y15b7 ff2 fs20 fc0 sc0 ls10a ws321\">(b)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y34fe w41f h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">An<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a SG<span class=\"_ _0\"></span>R S<span class=\"_ _0\"></span>.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x459 y34fe w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45a y34fe w421 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45b y34fe w422 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45c y34fe w423 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anima H<span class=\"_ _0\"></span>olding S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45d y34fe w424 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y34ff w425 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anima A<span class=\"_ _0\"></span>lternative S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45e y34ff w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45f y34ff w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x460 y34ff w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x461 y34ff w427 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anim<span class=\"_ _0\"></span>a Holding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x462 y34ff w428 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3500 w429 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>lo S<span class=\"_ _0\"></span>GR S<span class=\"_ _0\"></span>.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x463 y3500 w42a h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x465 y3500 w42b h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milan<span class=\"_ _4ac\"> </span></div><div class=\"t m14 x464 h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">o \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x466 y3500 w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x467 y3500 w42c h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">A<span class=\"_ _0\"></span>nima Holding S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x468 y3500 w42d h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">80%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3501 w42e h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls108 ws31f\">Kairos<span class=\"_ _0\"></span> Partners S<span class=\"_ _0\"></span>GR S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x469 y3501 w42a h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46a y3501 w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46b y3501 w422 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46c y3501 w42c h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">A<span class=\"_ _0\"></span>nima Holding S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46d y3501 w42f h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">99%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46e y3501 w428 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w430 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Vita S.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46f y345e w431 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano -<span class=\"_ _1\"></span> I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x470 y345e w432 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x471 y345e w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x472 y345e w433 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ello<span class=\"_ _0\"></span> SG<span class=\"_ _0\"></span>R S.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x473 y345e w434 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">76,<span class=\"_ _0\"></span>05%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table></div><div class=\"t m0 hb ff1 fs8 fc0 sc0 ls16 ws1f0 gs149\">a) Tipo di rappor<span class=\"_ _1\"></span>to: 1=maggioranz<span class=\"_ _1\"></span>a dei diritti di voto nell\u2019ass<span class=\"_ _1\"></span>emblea ordinaria<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 hb ff1 fs8 fc0 sc0 ls16 ws318 gs14a\">b) Ove differen<span class=\"_ _1\"></span>te dalla quota %<span class=\"_ _1\"></span> di partecipazion<span class=\"_ _1\"></span>e \u00e8 indicata la d<span class=\"_ _1\"></span>isponibilit\u00e0 dei vo<span class=\"_ _1\"></span>ti nell\u2019assemblea ordi<span class=\"_ _1\"></span>naria, distingu<span class=\"_ _1\"></span>endo<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"lsd ws14\">tra<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"lsd ws14\"> </span></span></div><div class=\"t m0 hb ff1 fs8 fc0 sc0 ls1e ws319 gs14b\">effet<span class=\"_ _1\"></span>tivi e p<span class=\"_ _1\"></span>otenzi<span class=\"_ _1\"></span>ali<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs14c\">Rispetto al 31<span class=\"_ _0\"></span> dicembre 2024 l\u2019area di consolidamento<span class=\"_ _0\"></span> non ha subito alcuna variazione.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsbd gs14d\">Si ev<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nzia <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span>, co<span class=\"_ _1\"></span>n ri<span class=\"_ _1\"></span>ferim<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span> a Kai<span class=\"_ _1c\"></span>ros SG<span class=\"_ _1c\"></span>R, in d<span class=\"_ _1\"></span>ata <span class=\"_ _1\"></span>14 lug<span class=\"_ _1c\"></span>lio 20<span class=\"_ _1c\"></span>25 \u00e8 sta<span class=\"_ _1c\"></span>to deli<span class=\"_ _1\"></span>bera<span class=\"_ _1c\"></span>to un<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs14e\">aumento de<span class=\"_ _0\"></span>l capitale sociale<span class=\"_ _0\"></span> pari all\u20191%, int<span class=\"_ _0\"></span>eramente sottos<span class=\"_ _0\"></span>critto e versato,<span class=\"_ _0\"></span> per il tramite di u<span class=\"_ _0\"></span>n<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs14f\">veicolo,<span class=\"_ _0\"></span> da alcuni manager della soc<span class=\"_ _0\"></span>iet\u00e0 controllata.<span class=\"_ _0\"></span> Il valore <span class=\"ls30 wse7\">compl<span class=\"_ _1\"></span>essiv<span class=\"_ _1\"></span>o dell\u2019<span class=\"_ _1\"></span>operaz<span class=\"_ _1\"></span>ione \u00e8<span class=\"_ _4ac\"> </span></span><span class=\"ls30 wse7\"><span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs150\">stato pari a Euro 600 migliaia,<span class=\"_ _0\"></span> di cui Euro 51 migliaia por<span class=\"_ _0\"></span>tati in aumento del capitale<span class=\"_ _0\"></span> sociale e<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws1d2 gs151\">Euro 549 migliaia versati come \u201cRiserva sovraprezzo azio<span class=\"_ _1\"></span>ni\u201d. In pari data, Anima Holding ha<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws8e gs152\">inol<span class=\"_ _1\"></span>tre so<span class=\"_ _1\"></span>ttos<span class=\"_ _1\"></span>crit<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>n la co<span class=\"_ _1\"></span>ntropa<span class=\"_ _1c\"></span>rte un c<span class=\"_ _1\"></span>ontra<span class=\"_ _1c\"></span>tto che p<span class=\"_ _1c\"></span>revede d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>tti di<span class=\"_ _1\"></span> opzio<span class=\"_ _1\"></span>ne pu<span class=\"_ _1\"></span>t e cal<span class=\"_ _1\"></span>l sull<span class=\"_ _1c\"></span>e<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs153\">azi<span class=\"_ _1\"></span>oni ri<span class=\"_ _1\"></span>veni<span class=\"_ _1\"></span>enti<span class=\"_ _1\"></span> dal<span class=\"_ _1\"></span> sop<span class=\"_ _1c\"></span>racitat<span class=\"_ _1\"></span>o au<span class=\"_ _1\"></span>mento<span class=\"_ _1c\"></span> di cap<span class=\"_ _1\"></span>ital<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> Kairo<span class=\"_ _1c\"></span>s SGR.<span class=\"_ _1\"></span> Le <span class=\"_ _1\"></span>opzi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>otra<span class=\"_ _1\"></span>nno e<span class=\"_ _1c\"></span>ssere<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs154\">esercitate dai rispett<span class=\"_ _0\"></span>ivi aventi diritto, su base discrezionale e al medesimo prezzo (correlato<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls2f ws58\">al<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls2f ws58\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs155\">raggiun<span class=\"_ _0\"></span>gimento di taluni obiettivi di bu<span class=\"_ _0\"></span>siness) al termine del quinto<span class=\"_ _0\"></span> anno successivo alla firma<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs156\">dell\u2019accor<span class=\"_ _0\"></span>do. A seguito di tale<span class=\"_ _0\"></span> operazione la dispo<span class=\"_ _0\"></span>nibilit\u00e0 dei vot<span class=\"_ _0\"></span>i della Societ<span class=\"_ _0\"></span>\u00e0 non ha subito<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs157\">variazioni in qu<span class=\"_ _0\"></span>anto le azioni emesse e detenute dai manag<span class=\"ls30 ws96\">er non<span class=\"_ _1\"></span> conf<span class=\"_ _1\"></span>erisco<span class=\"_ _1\"></span>no di<span class=\"_ _1\"></span>ritti d<span class=\"_ _1\"></span>i v<span class=\"_ _1\"></span>oto o<span class=\"_ _4ac\"> </span></span><span class=\"ls30 ws96\"><span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws81 gs159\">di partecipazio<span class=\"_ _0\"></span>ne ai dividendi s<span class=\"_ _0\"></span>e non successivamente<span class=\"_ _0\"></span> alla data di possibile eser<span class=\"_ _0\"></span>cizio delle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs15a\">opzioni.<span class=\"_ _0\"></span> </div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 lse ws16 gs15b\">Partecipa<span class=\"_ _0\"></span>zioni in i<span class=\"_ _0\"></span>mprese sottopost<span class=\"_ _0\"></span>e ad influenza notevole<span class=\"ls1 ws1\"> </span></div><div class=\"c w10d h12d gs15c\"><div class=\"t m15 x13f h12c y15c1 ff2 fs21 fc0 sc0 ls116 ws32f\">Sede </div></div><div class=\"gs15d\"><table class=\"s w435 h433\" id=\"_52eb6814-d971-40d3-abdb-71ae279bef61\"><tr><td class=\"c x405 y3502 w10c h12d\"><div class=\"t m15 x24 h12c y15c3 ff2 fs21 fc0 sc0 ls115 ws32e\">Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x453 y3502 w10e h12d\"><div class=\"t m15 xf7 h12c y15c4 ff2 fs21 fc0 sc0 ls116 ws330\">Sede leg<span class=\"_ _1\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x454 y3502 w10f h12d\"><div class=\"t m15 x60 h12c y15c1 ff2 fs21 fc0 sc0 ls117 ws331\">Tipo<span class=\"_ _1c\"></span> di ra<span class=\"_ _1\"></span>ppor<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> </div></td><td></td><td class=\"c x455 y3503 w110 h12f\"><div class=\"t m15 x26 h12c y15c6 ff2 fs21 fc0 sc0 ls10e ws327\">Rapp<span class=\"_ _0\"></span>orto di part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y3502 w10b h12d\"><div class=\"t m15 x60 h12e y15c1 ffd fs21 fc0 sc0 ls113 ws32c\">Disp<span class=\"_ _0\"></span>onibilit\u00e0 voti % </div></td></tr><tr><td></td><td class=\"c x452 y3502 w10d h12d\"><div class=\"t m15 x16 h12c y15c2 ff2 fs21 fc0 sc0 ls10f ws328\">op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x454 y3502 w10f h12d\"><div class=\"t m15 xb2 h12c y15c2 ff2 fs21 fc0 sc0 ls10e ws332\">(a)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x457 y3505 w436 h41d\"><div class=\"t m15 x1fa h12c y3504 ff2 fs21 fc0 sc0 ls10e ws327\">Im<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sa part<span class=\"_ _0\"></span>ecipant<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x474 y3505 w437 h434\"><div class=\"t m15 x1fa h12c y3504 ffd fs21 fc0 sc0 ls10f ws328\">Quot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> %<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y3502 w10b h12d\"><div class=\"t m15 x14b h12c y15c2 ff2 fs21 fc0 sc0 ls114 ws32d\">(b)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w438 h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Gem<span class=\"_ _0\"></span> Hos<span class=\"_ _0\"></span>pitality S.r.<span class=\"_ _1\"></span>l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x475 y345e w439 h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x476 y345e w43a h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Milano \u2013 I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x477 y345e w43b h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x478 y345e w43c h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls111 ws32a\">V<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span> S.r.l<span class=\"_ _4ac\"> </span></div></td><td class=\"c x479 y345e w43d h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls112 ws32b\">80,<span class=\"_ _0\"></span>00%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table></div><div class=\"t m0 hb ff1 fs8 fc0 sc0 ls8a ws1f5 gs15e\">a) <span class=\"ls16 ws1f0\">Tipo di rapporto<span class=\"_ _1\"></span>: 1=maggioranza<span class=\"_ _1\"></span> dei diritti di voto nell\u2019ass<span class=\"_ _1\"></span>emblea ordinaria<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 hb ff1 fs8 fc0 sc0 ls16 ws318 gs15f\">b) Ove differen<span class=\"_ _1\"></span>te dalla quota %<span class=\"_ _1\"></span> di partecipazion<span class=\"_ _1\"></span>e \u00e8 indicata la d<span class=\"_ _1\"></span>isponibilit\u00e0 dei vo<span class=\"_ _1\"></span>ti nell\u2019assemblea ordi<span class=\"_ _1\"></span>naria, distingu<span class=\"_ _1\"></span>endo<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"lsd ws14\">tra </span></span></div><div class=\"t m0 hb ff1 fs8 fc0 sc0 ls1e ws319 gs160\">effet<span class=\"_ _1\"></span>tivi e p<span class=\"_ _1\"></span>otenzi<span class=\"_ _1\"></span>ali<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs161\">Si ricor<span class=\"_ _0\"></span>da che in data 21 febbraio<span class=\"_ _0\"></span> 2024, la controllat<span class=\"_ _0\"></span>a indiretta V<span class=\"_ _0\"></span>ita Srl ed il FIA Imm<span class=\"_ _0\"></span>obiliare GEM </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsa0 gs162\">FUND (<span class=\"_ _1\"></span>ges<span class=\"_ _1\"></span>tito d<span class=\"_ _1\"></span>a Cast<span class=\"_ _1c\"></span>ello SGR)<span class=\"_ _1\"></span> ha<span class=\"_ _1\"></span>nno c<span class=\"_ _1\"></span>ostit<span class=\"_ _1\"></span>uito l<span class=\"_ _1\"></span>a soci<span class=\"_ _1c\"></span>et\u00e0 GEM H<span class=\"_ _1\"></span>ospi<span class=\"_ _1\"></span>tality<span class=\"_ _1\"></span> S.r<span class=\"_ _1\"></span>.l.. Ta<span class=\"_ _1\"></span>le soc<span class=\"_ _1\"></span>iet\u00e0<span class=\"_ _1\"></span>, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs163\">accessoria<span class=\"_ _0\"></span> allo svolgimento dell\u2019<span class=\"_ _0\"></span>attivit\u00e0 del fondo ste<span class=\"_ _0\"></span>sso, non rientr<span class=\"_ _0\"></span>a nel perimetro del bilancio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs164\">consolidato in<span class=\"_ _0\"></span> base a quanto previsto dal principio contabile<span class=\"_ _0\"></span> internazionale IFRS 10. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws12d gs165\">Tale<span class=\"_ _1\"></span> socie<span class=\"_ _1c\"></span>t\u00e0 \u00e8 consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>ta col<span class=\"_ _1\"></span>lega<span class=\"_ _1c\"></span>ta in qua<span class=\"_ _1\"></span>nto s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>osta a<span class=\"_ _1\"></span>d inf<span class=\"_ _1\"></span>luenza<span class=\"_ _1\"></span> not<span class=\"_ _1\"></span>evol<span class=\"_ _1\"></span>e e qui<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs166\">consolidata con la<span class=\"_ _0\"></span> metodologia del patrimon<span class=\"_ _0\"></span>io netto, secondo le prescrizioni de<span class=\"_ _0\"></span>llo IAS 28.<span class=\"_ _4ac\"> </span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs168\">2. Valutazioni e assun<span class=\"_ _1\"></span>zioni significative per determinare l\u2019are<span class=\"_ _1\"></span>a di consolidamento<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs169\">Soci<span class=\"_ _1\"></span>et\u00e0 c<span class=\"_ _1\"></span>ontrol<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws81 gs16a\">Sono consider<span class=\"_ _0\"></span>ate controllate le<span class=\"_ _0\"></span> imprese nelle quali Anim<span class=\"_ _0\"></span>a Holding \u00e8 esposta a ren<span class=\"_ _0\"></span>dimenti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs16b\">variabili, o<span class=\"_ _0\"></span> detiene diritti su tali ren<span class=\"_ _0\"></span>dimenti, derivanti dal propr<span class=\"_ _0\"></span>io rapporto con le stesse e, nel </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs16c\">cont<span class=\"_ _1\"></span>empo<span class=\"_ _1\"></span>, ha l<span class=\"_ _1\"></span>a cap<span class=\"_ _1\"></span>aci<span class=\"_ _1\"></span>t\u00e0 d<span class=\"_ _1\"></span>i incid<span class=\"_ _1c\"></span>ere sui <span class=\"_ _1\"></span>rendi<span class=\"_ _1c\"></span>menti <span class=\"_ _1\"></span>eserc<span class=\"_ _1\"></span>itand<span class=\"_ _1c\"></span>o il<span class=\"ls1 ws1\"> <span class=\"ls0 ws0\">proprio potere su tali entit\u00e0.</span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs16d\">Il controllo pu\u00f2 configurar<span class=\"_ _0\"></span>si solamente con la presenza contemporanea dei seguent<span class=\"_ _0\"></span>i elementi:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gs16e\">- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">il pot<span class=\"_ _0\"></span>ere di dirigere le attivit\u00e0<span class=\"_ _0\"></span> rilevanti della partecipata;</span><span class=\"ff1\"> </span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gs16f\">- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws74\">l\u2019e<span class=\"_ _0\"></span>sposizione o i diritti a rendimenti variabili derivant<span class=\"_ _0\"></span>i dal rapporto con l\u2019entit\u00e0 oggetto di </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws28 gs170\">inves<span class=\"_ _1c\"></span>timen<span class=\"_ _1\"></span>to;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gs171\">- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws86\">la capac<span class=\"_ _0\"></span>it\u00e0 di eser<span class=\"_ _0\"></span>citare il propr<span class=\"_ _0\"></span>io potere sull\u2019ent<span class=\"_ _0\"></span>it\u00e0 oggetto di investim<span class=\"_ _0\"></span>ento per incidere </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gs172\">sull<span class=\"_ _0\"></span>\u2019ammont<span class=\"_ _0\"></span>are de<span class=\"_ _0\"></span>i suoi rend<span class=\"_ _0\"></span>imenti.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs173\">Nello specifico il Gruppo Anima considera i seguenti fattori per valutare l\u2019es<span class=\"_ _0\"></span>istenza di controllo:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gs174\">- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws15\">lo s<span class=\"_ _0\"></span>copo e la struttura della parte<span class=\"_ _0\"></span>cipata </span><span class=\"ff1\">\u2013 <span class=\"ls0 ws15\">al fine di identificare gli obiettivi dell\u2019ent<span class=\"_ _0\"></span>it\u00e0, le sue </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs175\">attivit\u00e0 r<span class=\"_ _0\"></span>ilevanti (ovvero que<span class=\"_ _0\"></span>lle che maggiormente ne<span class=\"_ _0\"></span> influenzano i rendimen<span class=\"_ _0\"></span>ti) e come tali </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs176\">attiv<span class=\"_ _1\"></span>it\u00e0 s<span class=\"_ _1c\"></span>ono gov<span class=\"_ _1\"></span>erna<span class=\"_ _1\"></span>te;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gs177\">- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws7f\">il pot<span class=\"_ _0\"></span>ere </span><span class=\"ff1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 ws29\">al <span class=\"_ _d\"></span><span class=\"ws7f\">fin<span class=\"_ _0\"></span>e di comprendere<span class=\"_ _0\"></span> se il Gruppo An<span class=\"_ _0\"></span>ima ha diritti c<span class=\"_ _0\"></span>ontrattuali che<span class=\"_ _0\"></span> attribuiscono </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs178\">la capacit\u00e0<span class=\"_ _0\"></span> di dirigere le attivit\u00e0 rilev<span class=\"_ _0\"></span>anti;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gs179\">- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws9e\">l\u2019e<span class=\"_ _0\"></span>sposizione alla v<span class=\"_ _0\"></span>ariabilit\u00e0 dei rendimenti della par<span class=\"_ _0\"></span>tecipata </span><span class=\"ff1\">\u2013  <span class=\"ls0 ws9e\">al fine di valutare se il </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsf6 gs17a\">rendi<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o perc<span class=\"_ _1c\"></span>epito dal<span class=\"_ _1\"></span> Gruppo A<span class=\"_ _1c\"></span>nima pu\u00f2<span class=\"_ _1\"></span> varia<span class=\"_ _1\"></span>re, in vi<span class=\"_ _1\"></span>a pot<span class=\"_ _1c\"></span>enziale, i<span class=\"_ _1\"></span>n funz<span class=\"_ _1\"></span>ione d<span class=\"_ _1c\"></span>ei </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs17b\">risultat<span class=\"_ _0\"></span>i raggiunti dalla partecipat<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wseb gs17c\">Dete<span class=\"_ _1\"></span>rminata l<span class=\"_ _1c\"></span>\u2019esiste<span class=\"_ _1\"></span>nza del<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>ollo, pe<span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span> val<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>tar<span class=\"_ _1\"></span>e se si op<span class=\"_ _1c\"></span>era come \u201c<span class=\"_ _1\"></span>princi<span class=\"_ _1\"></span>pale\u201d<span class=\"_ _1\"></span> o com<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs17d\">\u201cag<span class=\"_ _1\"></span>ente\u201d<span class=\"_ _1\"></span>, il Gr<span class=\"_ _1c\"></span>uppo Ani<span class=\"_ _1c\"></span>ma pre<span class=\"_ _1\"></span>nde i<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>nside<span class=\"_ _1\"></span>raz<span class=\"_ _1\"></span>ione i<span class=\"_ _1\"></span> segu<span class=\"_ _1\"></span>enti f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tori:<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gs17e\">- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">il pot<span class=\"_ _0\"></span>ere decisionale sulla att<span class=\"_ _0\"></span>ivit\u00e0 rilevanti de<span class=\"_ _0\"></span>lla partecipata; </span><span class=\"ff1\"> </span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gs17f\">- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">i dirit<span class=\"_ _0\"></span>ti detenuti da altri sogget<span class=\"_ _0\"></span>ti;</span><span class=\"ff1\"> </span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gs180\">- <span class=\"_ _1b\"> </span><span class=\"ff1 lsf ws1f\">la rem<span class=\"_ _1\"></span>unera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a c<span class=\"_ _1\"></span>ui i<span class=\"_ _1\"></span>l Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>ha di<span class=\"_ _1c\"></span>ritto;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gs181\">- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 wse3\">l\u2019e<span class=\"_ _0\"></span>sposizione del Gruppo Anima alla variabilit<span class=\"_ _0\"></span>\u00e0 dei rendimenti derivanti dall\u2019eventu<span class=\"_ _0\"></span>ale </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws29 gs182\">partecipazione detenuta nella partecipata.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div>L\u2019IFRS 10 ident<span class=\"_ _0\"></span>ifica come \u201cattivit\u00e0 rile<span class=\"_ _0\"></span>vanti\u201d solo le attivit\u00e0 che influen<span class=\"_ _0\"></span>zano significativamente i<span class=\"_ _4ac\"> </span>rendimenti della s<span class=\"_ _0\"></span>ociet\u00e0 partecipata.<span class=\"_ _4ac\"> </span>In termini gener<span class=\"_ _0\"></span>ali, quando le attivit<span class=\"_ _0\"></span>\u00e0 rilevanti sono gestite attraver<span class=\"_ _0\"></span>so diritti di voto, i seguenti<span class=\"_ _4ac\"> </span>fatt<span class=\"_ _1\"></span>ori fo<span class=\"_ _1\"></span>rnisco<span class=\"_ _1c\"></span>no evid<span class=\"_ _1\"></span>enza d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1\"></span>o:<span class=\"_ _4ac\"> </span>a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls30 ws94\">poss<span class=\"_ _1\"></span>esso,<span class=\"_ _1\"></span> dir<span class=\"_ _1\"></span>ettame<span class=\"_ _1\"></span>nte <span class=\"_ _1c\"></span>o indir<span class=\"_ _1\"></span>ettame<span class=\"_ _1c\"></span>nte att<span class=\"_ _1\"></span>ravers<span class=\"_ _1c\"></span>o le pr<span class=\"_ _1\"></span>opri<span class=\"_ _1\"></span>e con<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>rol<span class=\"_ _1\"></span>late, d<span class=\"_ _1\"></span>i p<span class=\"_ _1\"></span>i\u00f9 del<span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>met\u00e0<span class=\"_ _4ac\"> </span></span>dei diritt<span class=\"_ _0\"></span>i di voto di una ent<span class=\"_ _0\"></span>it\u00e0 a meno che, in<span class=\"_ _0\"></span> casi eccezionali, po<span class=\"_ _0\"></span>ssa essere chiar<span class=\"_ _0\"></span>amente<span class=\"_ _4ac\"> </span>dimos<span class=\"_ _1\"></span>trat<span class=\"_ _1\"></span>o che ta<span class=\"_ _1\"></span>le p<span class=\"_ _1\"></span>osses<span class=\"_ _1\"></span>so n<span class=\"_ _1\"></span>on co<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uisce c<span class=\"_ _1\"></span>ontrol<span class=\"_ _1\"></span>lo;<span class=\"_ _4ac\"> </span>b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws76\">possesso della met\u00e0, o di una q<span class=\"_ _1\"></span>uota<span class=\"_ _0\"></span> inferiore, dei voti esercitabili in assemble<span class=\"_ _0\"></span>a e capacit\u00e0<span class=\"_ _4ac\"> </span></span>pratica<span class=\"_ _0\"></span> di governare unilateralmente le<span class=\"_ _0\"></span> attivit\u00e0 rilevanti attraver<span class=\"_ _0\"></span>so:<span class=\"_ _4ac\"> </span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws15\">il controllo<span class=\"_ _0\"></span> di pi\u00f9 della met\u00e0 dei diritti di voto in virt\u00f9 di un accordo con altri invest<span class=\"_ _0\"></span>itori;<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws5f\">il potere di deter<span class=\"_ _0\"></span>minare le politiche fin<span class=\"_ _0\"></span>anziarie e operative dell\u2019ent<span class=\"_ _0\"></span>it\u00e0 in virt\u00f9 di clausole<span class=\"_ _4ac\"> </span></span></span>sta<span class=\"_ _1\"></span>tutari<span class=\"_ _1\"></span>e o di un co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>tto;<span class=\"_ _4ac\"> </span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls30 ws106\">il p<span class=\"_ _1\"></span>otere di <span class=\"_ _1\"></span>nomina<span class=\"_ _1c\"></span>re o di rim<span class=\"_ _1c\"></span>uovere la<span class=\"_ _1\"></span> magg<span class=\"_ _1\"></span>ioranz<span class=\"_ _1\"></span>a dei m<span class=\"_ _1c\"></span>embri del<span class=\"_ _1\"></span> consig<span class=\"_ _1\"></span>lio d<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></span></span>ammi<span class=\"_ _1\"></span>nistraz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne o d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _1\"></span>equival<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> orga<span class=\"_ _1\"></span>no di g<span class=\"_ _1c\"></span>overno <span class=\"_ _1\"></span>socie<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _1\"></span>o;<span class=\"_ _4ac\"> </span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws99\">il potere<span class=\"_ _0\"></span> di esercitare la maggio<span class=\"_ _0\"></span>ranza dei diritti di vo<span class=\"_ _0\"></span>to nelle sedute<span class=\"_ _0\"></span> del consiglio di<span class=\"_ _4ac\"> </span></span></span>ammi<span class=\"_ _1\"></span>nistraz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne o d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _1\"></span>equival<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> orga<span class=\"_ _1\"></span>no di g<span class=\"_ _1c\"></span>overno <span class=\"_ _1\"></span>socie<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _1\"></span>o.<span class=\"_ _4ac\"> </span>Per es<span class=\"_ _1\"></span>ercita<span class=\"_ _1c\"></span>re tali p<span class=\"_ _1c\"></span>oteri \u00e8 <span class=\"_ _1\"></span><span class=\"ls0 ws1e7\">necessar<span class=\"_ _0\"></span>io che i diritti vantati dal Gruppo Anima sull\u2019entit\u00e0<span class=\"_ _4ac\"> </span></span>partecipat<span class=\"_ _0\"></span>a siano sostanziali;<span class=\"_ _0\"></span> per essere sostanziali t<span class=\"_ _0\"></span>ali diritt<span class=\"_ _0\"></span>i devono essere pratic<span class=\"_ _0\"></span>amente<span class=\"_ _4ac\"> </span>esercitabili qu<span class=\"_ _0\"></span>ando le decisioni sulle attivit<span class=\"_ _0\"></span>\u00e0 rilevanti devono essere prese.<span class=\"_ _4ac\"> </span>So<span class=\"_ _47c\"></span>ciet\u00e0 collegate<span class=\"_ _4ac\"> </span>Una so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 coll<span class=\"_ _1\"></span>egata<span class=\"_ _1\"></span> \u00e8 un\u2019i<span class=\"_ _1\"></span>mpre<span class=\"_ _1\"></span>sa nell<span class=\"_ _1\"></span>a qual<span class=\"_ _1\"></span>e la pa<span class=\"_ _1\"></span>rtecip<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>e eser<span class=\"_ _1\"></span>cita un<span class=\"_ _1\"></span>\u2019infl<span class=\"_ _1c\"></span>uenza no<span class=\"_ _1c\"></span>tevole e<span class=\"_ _4ac\"> </span>che <span class=\"_ _1\"></span>non \u00e8 <span class=\"_ _1c\"></span>n\u00e9 cont<span class=\"_ _1\"></span>rolla<span class=\"_ _1c\"></span>ta in <span class=\"_ _1\"></span>manier<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>clus<span class=\"_ _1\"></span>iva n<span class=\"_ _1\"></span>\u00e9 co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1\"></span>ata i<span class=\"_ _1c\"></span>n modo c<span class=\"_ _1c\"></span>ongiu<span class=\"_ _1\"></span>nto. L<span class=\"_ _1\"></span>\u2019infl<span class=\"_ _1c\"></span>uenza<span class=\"_ _4ac\"> </span>notevole si pre<span class=\"_ _0\"></span>sume in tutti i casi in<span class=\"_ _0\"></span> cui la Societ\u00e0 detiene il 20%<span class=\"ls1 ws1\"> </span>o <span class=\"_ _1\"></span>una quota superiore<span class=\"_ _0\"></span> dei diritti<span class=\"_ _4ac\"> </span>di voto e,<span class=\"_ _0\"></span> indipendentemente<span class=\"_ _0\"></span> dalla quota possedut<span class=\"_ _0\"></span>a, qualor<span class=\"_ _0\"></span>a sussista il potere di part<span class=\"_ _0\"></span>ecipare<span class=\"_ _4ac\"> </span>alle decis<span class=\"_ _0\"></span>ioni gestionali e fin<span class=\"_ _0\"></span>anziarie della partecipata,<span class=\"_ _0\"></span> in virt\u00f9 di particolari le<span class=\"_ _0\"></span>gami giuridici (i.e.<span class=\"_ _4ac\"> </span>patti parasociali) av<span class=\"ls0 ws0\">enti la fina<span class=\"_ _0\"></span>lit\u00e0 di assicurare la rappres<span class=\"_ _0\"></span>entativit\u00e0 negli organi di ge<span class=\"_ _0\"></span>stione e di<span class=\"_ _4ac\"> </span></span>salvaguar<span class=\"_ _0\"></span>dare l\u2019unitariet\u00e0 di indiriz<span class=\"_ _0\"></span>zo della gestione, senza tuttavia averne il contr<span class=\"_ _0\"></span>ollo.<span class=\"_ _4ac\"> </span>Le pa<span class=\"_ _1c\"></span>rtecipa<span class=\"_ _1\"></span>zioni<span class=\"_ _1\"></span> in s<span class=\"_ _1c\"></span>ociet\u00e0 <span class=\"_ _1\"></span>coll<span class=\"_ _1\"></span>egat<span class=\"_ _1\"></span>e son<span class=\"_ _1\"></span>o val<span class=\"_ _1\"></span>utate <span class=\"_ _1\"></span>seco<span class=\"_ _1\"></span>ndo i<span class=\"_ _1\"></span>l met<span class=\"_ _1\"></span>odo <span class=\"_ _1c\"></span>del patri<span class=\"_ _1c\"></span>monio <span class=\"_ _1\"></span>netto<span class=\"_ _1c\"></span>. 3. Part<span class=\"_ _0\"></span>ecipazioni in soci<span class=\"_ _0\"></span>et\u00e0 control<span class=\"_ _0\"></span>late in via esclus<span class=\"_ _0\"></span>iva con interessenz<span class=\"_ _0\"></span>e di terzi<span class=\"_ _4ac\"> </span>significative<span class=\"_ _4ac\"> </span><table class=\"s w44e h436\" id=\"_aaff6bb2-ad7a-4159-b8c1-0a8a5917b024\"><tr><td class=\"t m0 x48c ha y3509 ff2 fs9 fc0 sc0 ls7a ws19c\">Denom<span class=\"_ _0\"></span>inaz<span class=\"_ _0\"></span>ione </td><td class=\"t m0 x48d ha y3509 ff2 fs9 fc0 sc0 ls1 ws19c\">Interessenze di </td><td class=\"t m0 x48e ha y3509 ff2 fs9 fc0 sc0 ls77 ws19a\">Dispon<span class=\"_ _0\"></span>ibilit<span class=\"_ _0\"></span>\u00e0 </td><td class=\"t m0 x48f ha y350a ff2 fs9 fc0 sc0 ls77 ws19a\">Divide<span class=\"_ _0\"></span>ndi </td></tr><tr><td class=\"t m0 x48c ha y350b ff2 fs9 fc0 sc0 ls79 ws1a9\">impres<span class=\"_ _1\"></span>a<span class=\"ls1 ws1\"> </span></td><td class=\"t m0 x48d ha y350b ffd fs9 fc0 sc0 ls1 ws1\">terzi (%)<span class=\"ff2\"> </span></td><td class=\"t m0 x48e ha y350b ffd fs9 fc0 sc0 ls77 ws19a\">voti d<span class=\"_ _0\"></span>ei terz<span class=\"_ _0\"></span>i (%)<span class=\"_ _0\"></span><span class=\"ff2 ls1 ws1\"> </span></td><td class=\"t m0 x48f ha y350c ff2 fs9 fc0 sc0 ls77 ws1c7\">distrib<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>i ai terzi </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x48f ha y350d ff2 fs9 fc0 sc0 ls77 ws1c7\">(migli<span class=\"_ _0\"></span>aia d<span class=\"_ _0\"></span>i Euro)<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></td></tr><tr><td class=\"c x490 y350e w111 h8c\"><div class=\"t m0 xba ha y1079 ff1 fs9 fc0 sc0 ls7c ws1\">Castel<span class=\"_ _1\"></span>lo SGR S.p.<span class=\"_ _1\"></span>A. </div></td><td class=\"c x491 y350e w112 h8c\"><div class=\"t m0 xa1 ha y1079 ff1 fs9 fc0 sc0 ls7a ws19c\">20%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x492 y350e w113 h8c\"><div class=\"t m0 xc0 ha y1079 ff1 fs9 fc0 sc0 ls7a ws19c\">20%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x493 y350e w114 h8c\"><div class=\"t m0 x173 ha y1079 ff1 fs9 fc0 sc0 ls1 ws19c\"> <span class=\"ws1\">-</span><span class=\"ws1\"><span class=\"ws1f9\"> </span></span></div></td></tr><tr><td class=\"c x490 y350f w111 h8d\"><div class=\"t m0 xba ha y1079 ff1 fs9 fc0 sc0 ls73 ws1f8\">Vita S.r.l.<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x491 y350f w112 h8d\"><div class=\"t m0 x105 ha y1079 ff1 fs9 fc0 sc0 ls8e ws1f9\">39,1<span class=\"_ _1\"></span>6%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x492 y350f w113 h8d\"><div class=\"t m0 x4b ha y1079 ff1 fs9 fc0 sc0 ls8e ws1f9\">39,1<span class=\"_ _1\"></span>6%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x493 y350f w114 h8d\"><div class=\"t m0 x173 ha y1079 ff1 fs9 fc0 sc0 ls1 ws19c\"> <span class=\"ws1\">-</span><span class=\"ws1\"><span class=\"ws1f9\"> </span></span></div></td></tr></table>Rispetto al 31<span class=\"_ _0\"></span> dicembre 2024, in rela<span class=\"_ _0\"></span>zione alle interessenze<span class=\"_ _0\"></span> di terzi significative,<span class=\"_ _0\"></span> non si<span class=\"_ _4ac\"> </span>segnalano var<span class=\"_ _0\"></span>iazioni. <table class=\"s w43e h435\" id=\"_326a4c7f-6b34-43d9-812d-06ee7a623b5e\"><tr><td class=\"c x212 y3507 w43f h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls118 ws333\">Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47a y3507 w440 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls119 ws334\">Tota<span class=\"_ _1\"></span>le Atti<span class=\"_ _1c\"></span>vo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47b y3507 w441 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls11a ws335\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47c y3507 w442 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls119 ws334\">Patr<span class=\"_ _1\"></span>imo<span class=\"_ _1c\"></span>nio<span class=\"_ _1c\"></span> Netto<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47d y3507 w443 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls11b ws336\">Utile<span class=\"_ _0\"></span>/Pe<span class=\"_ _0\"></span>rdit<span class=\"_ _0\"></span>a d'es<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47e y3507 w444 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls11b ws336\">Margine commiss<span class=\"_ _0\"></span>ionale<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x480 y3508 w445 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11c ws337\">C<span class=\"_ _4ac\"> </span></div><div class=\"t m16 x47f h133 y3506 ff1 fs22 fc0 sc0 ls11c ws337\">astello SG<span class=\"_ _0\"></span>R S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x481 y3508 w446 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">37.<span class=\"_ _0\"></span>496<span class=\"_ _4ac\"> </span></div></td><td class=\"c x482 y3508 w447 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">37.496<span class=\"_ _4ac\"> </span></div></td><td class=\"c x483 y3508 w448 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">23.020<span class=\"_ _4ac\"> </span></div></td><td class=\"c x484 y3508 w449 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">3.515<span class=\"_ _4ac\"> </span></div></td><td class=\"c x485 y3508 w44a h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">21.596<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x480 y345e w44b h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11c ws337\">Vita S.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x486 y345e w447 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">11.017<span class=\"_ _4ac\"> </span></div></td><td class=\"c x487 y345e w448 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">11.017<span class=\"_ _4ac\"> </span></div></td><td class=\"c x488 y345e w449 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">3.216<span class=\"_ _4ac\"> </span></div></td><td class=\"c x489 y345e w44c h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">15<span class=\"_ _4ac\"> </span></div></td><td class=\"c x48a y345e w44d h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>I d<span class=\"_ _4ac\"> </span>ati riportati in t<span class=\"_ _0\"></span>abella si riferiscono a in<span class=\"_ _0\"></span>formazioni estratte dai bilanci d\u2019e<span class=\"_ _0\"></span>sercizio chiusi al 31<span class=\"_ _4ac\"> </span>dicemb<span class=\"_ _1c\"></span>re 2025.<span class=\"_ _4ac\"> </span><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls0 ws29 gs1a0\">4. <span class=\"ls42 ws5\">Restrizioni significative<span class=\"_ _4ac\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws81 gs1a1\">Il Gruppo ritiene di non avere<span class=\"_ _0\"></span> vincoli di natura statuaria, parasoc<span class=\"_ _0\"></span>iale o regolamentare che<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1a2\">impediscano o limit<span class=\"_ _0\"></span>ino la sua capacit\u00e0 di accedere alle attivit<span class=\"_ _0\"></span>\u00e0 o di regolare le passivit\u00e0<span class=\"_ _4ac\"> </span>.<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 lsf ws1f gs1a3\">5. Al<span class=\"_ _1\"></span>tre i<span class=\"_ _1\"></span>nform<span class=\"_ _1c\"></span>azioni<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs1a4\">Nella redazione del Bilancio consolidat<span class=\"_ _0\"></span>o sono stati utilizzati principi con<span class=\"_ _0\"></span>tabili omogenei sulla<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs1a5\">base dei bilanci al 31 dic<span class=\"_ _0\"></span>embre 2025 approvati dai rispett<span class=\"_ _0\"></span>ivi Consigli di Amministr<span class=\"_ _0\"></span>azione delle<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws6d gs1a6\">soc<span class=\"_ _0\"></span>iet\u00e0 integra<span class=\"_ _0\"></span>lmente cons<span class=\"_ _0\"></span>olidate.<span class=\"_ _0\"></span> Tutte le<span class=\"_ _0\"></span> societ\u00e0<span class=\"_ _0\"></span> consolidate<span class=\"ls1 ws1\"> <span class=\"lsf ws8e\">ad<span class=\"_ _1\"></span>otta<span class=\"_ _1\"></span>no l\u2019E<span class=\"_ _1c\"></span>uro qua<span class=\"_ _1\"></span>le m<span class=\"_ _1\"></span>oneta<span class=\"_ _1\"></span> di<span class=\"_ _4ac\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs1a7\">conto funzionale. Non risu<span class=\"_ _0\"></span>ltano bilanci di societ\u00e0 controllate utilizzat<span class=\"_ _0\"></span>i per la redazione del<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs1a8\">Bilancio consolidato<span class=\"_ _0\"></span> che hanno come data di <span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span>iferimento una data diversa da quella del Bilancio<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gs1a9\">conso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>o stesso.<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws95 gs1aa\">Tra le co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>llate po<span class=\"_ _0\"></span>ssono<span class=\"_ _0\"></span> essere r<span class=\"_ _0\"></span>icompre<span class=\"_ _0\"></span>se anch<span class=\"_ _0\"></span>e le cosi<span class=\"_ _0\"></span>ddette \u201c<span class=\"_ _0\"></span>entit\u00e0 st<span class=\"_ _0\"></span>rutt<span class=\"_ _0\"></span>urate<span class=\"_ _0\"></span>\u201d, nel<span class=\"_ _0\"></span>le quali<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs1ab\">i diritt<span class=\"_ _0\"></span>i di voto non sono signific<span class=\"_ _0\"></span>ativi ai fini della s<span class=\"_ _0\"></span>ussistenza del controllo<span class=\"_ _0\"></span>, ivi incluse<span class=\"_ _0\"></span> societ\u00e0 o<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws29 gs1ac\">entit\u00e0 a destinazione specifica (\u201cspecial purpose ent<span class=\"ls0 ws0\">ities\u201d) e fon<span class=\"_ _0\"></span>di di investimento.<span class=\"_ _4ac\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs1ae\">I fondi di inve<span class=\"_ _0\"></span>stimento gestiti dalle<span class=\"_ _0\"></span> societ\u00e0 del Gruppo sono<span class=\"_ _0\"></span> considerati controllat<span class=\"_ _0\"></span>i qualora il </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs1af\">Gruppo sia e<span class=\"_ _0\"></span>sposto in misura significa<span class=\"_ _0\"></span>tiva alla varia<span class=\"_ _0\"></span>bilit\u00e0 dei ren<span class=\"_ _0\"></span>dimenti e nel caso in cu<span class=\"_ _0\"></span>i gli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1b0\">investitori ter<span class=\"_ _0\"></span>zi non abbiano diritti di rimoz<span class=\"_ _0\"></span>ione della socie<span class=\"ls35 ws5c\">t\u00e0 di ge<span class=\"_ _0\"></span>stione.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws29e gs1b1\">Con <span class=\"_ _1\"></span>rife<span class=\"_ _1\"></span>rimen<span class=\"_ _1c\"></span>to al 3<span class=\"_ _1\"></span>1 di<span class=\"_ _1\"></span>cemb<span class=\"_ _1\"></span>re 2<span class=\"_ _1c\"></span>025 non<span class=\"_ _1\"></span> risu<span class=\"_ _1\"></span>ltan<span class=\"_ _1\"></span>o fo<span class=\"_ _1\"></span>ndi c<span class=\"_ _1c\"></span>omuni<span class=\"_ _1\"></span> di i<span class=\"_ _1\"></span>nves<span class=\"_ _1\"></span>time<span class=\"_ _1\"></span>nto d<span class=\"_ _1c\"></span>a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs1b2\">considerarsi <span class=\"_ _0\"></span>entit\u00e0 contr<span class=\"_ _0\"></span>ollate. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs1b3\">Metodi di consolidamento<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1b4\">Consolidamento<span class=\"_ _0\"></span> integrale<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs1b5\">Il consolidamento<span class=\"_ _0\"></span> integrale consiste<span class=\"_ _0\"></span> nell\u2019acquisizione<span class=\"_ _0\"></span> \u201clinea per line<span class=\"_ _0\"></span>a\u201d degli aggregati di st<span class=\"_ _0\"></span>ato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsaf gs1b6\">patrimoniale e di conto economico delle so<span class=\"_ _0\"></span>ciet\u00e0 controllate. Il valore delle partec<span class=\"_ _0\"></span>ipazioni \u00e8 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs1b7\">annullato<span class=\"_ _0\"></span> in contropartita al valo<span class=\"_ _0\"></span>re del patr<span class=\"_ _0\"></span>imonio delle contro<span class=\"ls30 wse7\">llate, <span class=\"_ _1\"></span>attri<span class=\"_ _1\"></span>bue<span class=\"_ _1\"></span>ndo ai t<span class=\"_ _1\"></span>erzi, se<span class=\"_ _1c\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs1b8\">pres<span class=\"_ _1\"></span>enti, l<span class=\"_ _1\"></span>e quo<span class=\"_ _1\"></span>te di<span class=\"_ _1\"></span> lor<span class=\"_ _1\"></span>o perti<span class=\"_ _1c\"></span>nenza del<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rimoni<span class=\"_ _1c\"></span>o e del <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>tato ec<span class=\"_ _1c\"></span>onomic<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsb2 gs1b9\">Le dif<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nze <span class=\"_ _1\"></span>risulta<span class=\"_ _1c\"></span>nti da q<span class=\"_ _1\"></span>uesta <span class=\"_ _1\"></span>opera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, se <span class=\"_ _1\"></span>posi<span class=\"_ _1\"></span>tive, s<span class=\"_ _1\"></span>ono ri<span class=\"_ _1\"></span>lev<span class=\"_ _1\"></span>ate <span class=\"ls1 ws1\">\u2013 <span class=\"_ _20\"> </span><span class=\"ls1d ws241\">dopo l\u2019e<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>uale </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1e7 gs1ba\">imputazione ad e<span class=\"_ _0\"></span>lementi dell\u2019<span class=\"_ _0\"></span>attivo o del passivo<span class=\"_ _0\"></span> della contro<span class=\"_ _0\"></span>llata <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1e\"> </span><span class=\"lsf ws1cc\">nella<span class=\"_ _1\"></span> voce A<span class=\"_ _1c\"></span>ttivit\u00e0<span class=\"_ _1c\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gs1bb\">immateriali come<span class=\"_ _0\"></span> avviamento o come altre att<span class=\"_ _0\"></span>ivit\u00e0 intangibili. Le differ<span class=\"_ _0\"></span>e<span class=\"ls1c ws150\">nze neg<span class=\"_ _1\"></span>ative s<span class=\"_ _1\"></span>ono </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws1f gs1bc\">imput<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>l conto<span class=\"_ _0\"></span> economico.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs1bd\">Gli import<span class=\"_ _0\"></span>i riferiti ad at<span class=\"_ _0\"></span>tivit\u00e0, pas<span class=\"_ _0\"></span>sivit\u00e0, provent<span class=\"_ _0\"></span>i ed oneri tra<span class=\"_ _0\"></span> imprese consolidate<span class=\"_ _0\"></span> vengono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs1be\">integ<span class=\"_ _1c\"></span>ralmen<span class=\"_ _1\"></span>te elimi<span class=\"_ _1c\"></span>nati.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws81 gs1bf\">Le acquisizioni di societ\u00e0 sono contabilizzat<span class=\"_ _0\"></span>e secondo il \u201cmetodo dell\u2019acquisizione\u201d previsto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws97 gs1c0\">dall\u2019IFRS<span class=\"_ _0\"></span> 3, cos\u00ec come modificato<span class=\"_ _0\"></span> dal Regolamento 495/2009,<span class=\"_ _0\"></span> in base al quale le<span class=\"_ _0\"></span> attivit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs1c1\">identificabili ac<span class=\"_ _0\"></span>quisite e le passivit\u00e0 identificabili assunte (comprese quelle potenziali) de<span class=\"_ _0\"></span>vono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs1c2\">essere rilevate ai rispettiv<span class=\"_ _0\"></span>i fair value alla data di acquisizione. Inoltre, per ogni aggregazione </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs1c3\">aziendale,<span class=\"_ _0\"></span> eventuali quote di minoranza nella societ\u00e0 acquisita possono essere<span class=\"_ _0\"></span> rilevate al fair </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10a gs1c4\">value o in proporzione alla quota d<span class=\"wsa7\">ella <span class=\"_ _0\"></span>partecipazione <span class=\"_ _0\"></span>di minoranza nelle<span class=\"_ _0\"></span> attivit\u00e0 n<span class=\"_ _0\"></span>ette </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws151 gs1c5\">identificabili de<span class=\"_ _0\"></span>lle societ\u00e0 acquisite. L\u2019e<span class=\"_ _0\"></span>ventuale eccedenza del corrispettivo tra<span class=\"_ _0\"></span>sferito <span class=\"ls1 ws1\">- </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs1c6\">rappresentato<span class=\"_ _0\"></span> dal fair value delle attivit\u00e0 cedute,<span class=\"_ _0\"></span> delle passivit\u00e0 sostenute<span class=\"_ _0\"></span>, degli strumenti di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs1c7\">capitale em<span class=\"_ _0\"></span><span class=\"ws65\">essi e della eventuale rileva<span class=\"_ _0\"></span>zione al fair value delle quote di minoranza ris<span class=\"_ _0\"></span>petto al<span class=\"_ _4ac\"> </span></span><span class=\"ws65\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs1c9\">fair value<span class=\"_ _0\"></span> delle attivit<span class=\"_ _0\"></span>\u00e0 e passivit\u00e0 acquisite<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- </span>viene rilev<span class=\"_ _0\"></span>ata come avviamento; qua<span class=\"_ _0\"></span>lora il prezzo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs1ca\">risul<span class=\"_ _1\"></span>ti inf<span class=\"_ _1\"></span>erior<span class=\"_ _1\"></span>e, la<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erenza<span class=\"_ _1\"></span> viene<span class=\"_ _1c\"></span> imputata<span class=\"_ _1\"></span> a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>conomi<span class=\"_ _1c\"></span>co.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs1cb\">Il \u201cmetodo<span class=\"_ _0\"></span> dell\u2019acquisizione\u201d viene applicat<span class=\"_ _0\"></span>o a partire dalla data dell\u2019acqu<span class=\"_ _0\"></span>isizione, ossia dal </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs1cc\">mom<span class=\"_ _1\"></span>ento i<span class=\"_ _1c\"></span>n cui s<span class=\"_ _1\"></span>i o<span class=\"_ _1\"></span>ttie<span class=\"_ _1\"></span>ne eff<span class=\"_ _1c\"></span>ettiva<span class=\"_ _1\"></span>mente<span class=\"_ _1c\"></span> il co<span class=\"_ _1\"></span>ntrol<span class=\"_ _1\"></span>lo d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>soci<span class=\"_ _1\"></span>et\u00e0 a<span class=\"_ _1c\"></span>cquisi<span class=\"_ _1\"></span>ta. P<span class=\"_ _1\"></span>erta<span class=\"_ _1\"></span>nto, i<span class=\"_ _1c\"></span> risul<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs1cd\">economici di una controllat<span class=\"_ _0\"></span>a acquisita nel corso del period<span class=\"ls35 wsd2\">o di riferiment<span class=\"_ _0\"></span>o sono inclu<span class=\"_ _0\"></span>si nel </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs1ce\">Bilancio consolidat<span class=\"_ _0\"></span>o a partire dalla dat<span class=\"_ _0\"></span>a della sua acquisizione. Pariment<span class=\"_ _0\"></span>i, i risultati economici </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs1cf\">di una controllata ceduta sono inclusi nel Bilancio consolidat<span class=\"_ _0\"></span>o fino alla data in cui il controllo \u00e8 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls19 ws89 gs1d0\">cessato.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs1d1\">La differenza tr<span class=\"_ _0\"></span>a il corrispettivo<span class=\"_ _0\"></span> di cessione e il valore cont<span class=\"_ _0\"></span>abile alla data di dismiss<span class=\"_ _0\"></span>ione \u00e8 rilevata </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws27 gs1d2\">nel<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span></div>7<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>alut<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i s<span class=\"_ _13\"></span>ign<span class=\"_ _13\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilir<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> l\u2019e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>te<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>a di c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>ro<span class=\"_ _13\"></span>llo<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>iu<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>to<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>lu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>a n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>GEM H<span class=\"_ _1\"></span>ospi<span class=\"_ _1\"></span>tali<span class=\"_ _1\"></span>ty S.r<span class=\"_ _1\"></span>.l.,<span class=\"_ _1\"></span> pur ess<span class=\"_ _1\"></span>endo d<span class=\"_ _1\"></span>ete<span class=\"_ _1\"></span>nuta al<span class=\"_ _1\"></span>l\u20198<span class=\"_ _1\"></span>0% da V<span class=\"_ _1\"></span>ita Srl<span class=\"_ _1\"></span>, \u00e8 co<span class=\"_ _1\"></span>nsid<span class=\"_ _1c\"></span>erata so<span class=\"_ _1\"></span>ciet\u00e0<span class=\"_ _1\"></span> colleg<span class=\"_ _1\"></span>ata<span class=\"_ _1c\"></span> in quanto i cont<span class=\"_ _0\"></span>ratti in essere,<span class=\"_ _0\"></span> nella sostanza e su<span class=\"_ _0\"></span>lla base di quanto pre<span class=\"_ _0\"></span>visto dall\u2019IFRS10, non consentono al Gruppo<span class=\"_ _0\"></span> di partecipare alle decision<span class=\"_ _0\"></span>i gestionali<span class=\"ls1 ws1\"> </span>e finanziarie<span class=\"_ _0\"></span> della societ\u00e0. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "Sezione 5 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Are<span class=\"_ _0\"></span>a e metodi d<span class=\"_ _0\"></span>i cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>damento<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"> </span>1.<span class=\"ff18 ls1 ws1\"> <span class=\"_ _15f\"> </span></span><span class=\"ls42 ws5\">Partecipazioni in societ\u00e0 controlla<span class=\"_ _1\"></span>te in via esclusiva<span class=\"_ _4ac\"> </span></span><span class=\"ls42 ws5\"><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Nel prospetto<span class=\"_ _0\"></span> che segue sono indicate le partec<span class=\"_ _0\"></span>ipazioni incluse nell\u2019ar<span class=\"_ _0\"></span>ea di consolidamento<span class=\"_ _4ac\"> </span> integrale de<span class=\"_ _0\"></span>l presente Bilancio consolidato al 31 dice<span class=\"_ _0\"></span>mbre 2025:<span class=\"ls1 ws1\"> </span><table class=\"s w41c h430\" id=\"_4d4769ae-4dbc-4a9a-bfbe-ad9d967fdd32\"><tr><td class=\"c x405 y34fa w10c h129\"><div class=\"t m14 x24 h127 y15b8 ff2 fs20 fc0 sc0 ls10b ws322\">Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x452 y34fa w10d h129\"><div class=\"t m14 x13f h127 y15b6 ff2 fs20 fc0 sc0 ls10c ws323\">Sede </div></td><td class=\"c x453 y34fa w10e h129\"><div class=\"t m14 xf7 h127 y15b8 ff2 fs20 fc0 sc0 ls10c ws324\">Sede leg<span class=\"_ _1\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x454 y34fa w10f h129\"><div class=\"t m14 x60 h127 y15b9 ff2 fs20 fc0 sc0 ls10d ws325\">Tipo<span class=\"_ _1c\"></span> di ra<span class=\"_ _1\"></span>ppor<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> </div></td><td></td><td class=\"c x455 y34fb w110 h128\"><div class=\"t m14 x26 h127 y15bc ff2 fs20 fc0 sc0 ls103 ws31a\">Rapp<span class=\"_ _0\"></span>orto di part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y34fa w10b h129\"><div class=\"t m14 x60 h12a y15b6 ffd fs20 fc0 sc0 ls109 ws320\">Disp<span class=\"_ _0\"></span>onibilit\u00e0 voti % </div></td></tr><tr><td></td><td class=\"c x452 y34fa w10d h129\"><div class=\"t m14 x16 h127 y15b7 ff2 fs20 fc0 sc0 ls104 ws31b\">op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x454 y34fa w10f h129\"><div class=\"t m14 xb2 h127 y15ba ff2 fs20 fc0 sc0 ls103 ws326\">(a)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x457 y34fd w41d h431\"><div class=\"t m14 x1fa h127 y34fc ff2 fs20 fc0 sc0 ls103 ws31a\">Im<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sa part<span class=\"_ _0\"></span>ecipant<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x458 y34fd w41e h432\"><div class=\"t m14 x1fa h127 y34fc ffd fs20 fc0 sc0 ls104 ws31b\">Qu<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span> %<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y34fa w10b h129\"><div class=\"t m14 x14b h127 y15b7 ff2 fs20 fc0 sc0 ls10a ws321\">(b)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y34fe w41f h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">An<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a SG<span class=\"_ _0\"></span>R S<span class=\"_ _0\"></span>.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x459 y34fe w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45a y34fe w421 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45b y34fe w422 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45c y34fe w423 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anima H<span class=\"_ _0\"></span>olding S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45d y34fe w424 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y34ff w425 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anima A<span class=\"_ _0\"></span>lternative S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45e y34ff w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45f y34ff w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x460 y34ff w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x461 y34ff w427 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anim<span class=\"_ _0\"></span>a Holding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x462 y34ff w428 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3500 w429 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>lo S<span class=\"_ _0\"></span>GR S<span class=\"_ _0\"></span>.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x463 y3500 w42a h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x465 y3500 w42b h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milan<span class=\"_ _4ac\"> </span></div><div class=\"t m14 x464 h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">o \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x466 y3500 w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x467 y3500 w42c h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">A<span class=\"_ _0\"></span>nima Holding S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x468 y3500 w42d h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">80%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3501 w42e h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls108 ws31f\">Kairos<span class=\"_ _0\"></span> Partners S<span class=\"_ _0\"></span>GR S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x469 y3501 w42a h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46a y3501 w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46b y3501 w422 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46c y3501 w42c h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">A<span class=\"_ _0\"></span>nima Holding S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46d y3501 w42f h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">99%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46e y3501 w428 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w430 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Vita S.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46f y345e w431 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano -<span class=\"_ _1\"></span> I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x470 y345e w432 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x471 y345e w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x472 y345e w433 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ello<span class=\"_ _0\"></span> SG<span class=\"_ _0\"></span>R S.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x473 y345e w434 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">76,<span class=\"_ _0\"></span>05%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>a) Tipo di rappor<span class=\"_ _1\"></span>to: 1=maggioranz<span class=\"_ _1\"></span>a dei diritti di voto nell\u2019ass<span class=\"_ _1\"></span>emblea ordinaria<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>b) Ove differen<span class=\"_ _1\"></span>te dalla quota %<span class=\"_ _1\"></span> di partecipazion<span class=\"_ _1\"></span>e \u00e8 indicata la d<span class=\"_ _1\"></span>isponibilit\u00e0 dei vo<span class=\"_ _1\"></span>ti nell\u2019assemblea ordi<span class=\"_ _1\"></span>naria, distingu<span class=\"_ _1\"></span>endo<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"lsd ws14\">tra<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"lsd ws14\"> </span></span>effet<span class=\"_ _1\"></span>tivi e p<span class=\"_ _1\"></span>otenzi<span class=\"_ _1\"></span>ali<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Rispetto al 31<span class=\"_ _0\"></span> dicembre 2024 l\u2019area di consolidamento<span class=\"_ _0\"></span> non ha subito alcuna variazione.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Si ev<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nzia <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span>, co<span class=\"_ _1\"></span>n ri<span class=\"_ _1\"></span>ferim<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span> a Kai<span class=\"_ _1c\"></span>ros SG<span class=\"_ _1c\"></span>R, in d<span class=\"_ _1\"></span>ata <span class=\"_ _1\"></span>14 lug<span class=\"_ _1c\"></span>lio 20<span class=\"_ _1c\"></span>25 \u00e8 sta<span class=\"_ _1c\"></span>to deli<span class=\"_ _1\"></span>bera<span class=\"_ _1c\"></span>to un<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> aumento de<span class=\"_ _0\"></span>l capitale sociale<span class=\"_ _0\"></span> pari all\u20191%, int<span class=\"_ _0\"></span>eramente sottos<span class=\"_ _0\"></span>critto e versato,<span class=\"_ _0\"></span> per il tramite di u<span class=\"_ _0\"></span>n<span class=\"_ _4ac\"> </span> veicolo,<span class=\"_ _0\"></span> da alcuni manager della soc<span class=\"_ _0\"></span>iet\u00e0 controllata.<span class=\"_ _0\"></span> Il valore <span class=\"ls30 wse7\">compl<span class=\"_ _1\"></span>essiv<span class=\"_ _1\"></span>o dell\u2019<span class=\"_ _1\"></span>operaz<span class=\"_ _1\"></span>ione \u00e8<span class=\"_ _4ac\"> </span></span><span class=\"ls30 wse7\"><span class=\"_ _1\"></span> </span>stato pari a Euro 600 migliaia,<span class=\"_ _0\"></span> di cui Euro 51 migliaia por<span class=\"_ _0\"></span>tati in aumento del capitale<span class=\"_ _0\"></span> sociale e<span class=\"_ _4ac\"> </span> Euro 549 migliaia versati come \u201cRiserva sovraprezzo azio<span class=\"_ _1\"></span>ni\u201d. In pari data, Anima Holding ha<span class=\"_ _4ac\"> </span> inol<span class=\"_ _1\"></span>tre so<span class=\"_ _1\"></span>ttos<span class=\"_ _1\"></span>crit<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>n la co<span class=\"_ _1\"></span>ntropa<span class=\"_ _1c\"></span>rte un c<span class=\"_ _1\"></span>ontra<span class=\"_ _1c\"></span>tto che p<span class=\"_ _1c\"></span>revede d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>tti di<span class=\"_ _1\"></span> opzio<span class=\"_ _1\"></span>ne pu<span class=\"_ _1\"></span>t e cal<span class=\"_ _1\"></span>l sull<span class=\"_ _1c\"></span>e<span class=\"_ _4ac\"> </span> azi<span class=\"_ _1\"></span>oni ri<span class=\"_ _1\"></span>veni<span class=\"_ _1\"></span>enti<span class=\"_ _1\"></span> dal<span class=\"_ _1\"></span> sop<span class=\"_ _1c\"></span>racitat<span class=\"_ _1\"></span>o au<span class=\"_ _1\"></span>mento<span class=\"_ _1c\"></span> di cap<span class=\"_ _1\"></span>ital<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> Kairo<span class=\"_ _1c\"></span>s SGR.<span class=\"_ _1\"></span> Le <span class=\"_ _1\"></span>opzi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>otra<span class=\"_ _1\"></span>nno e<span class=\"_ _1c\"></span>ssere<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> esercitate dai rispett<span class=\"_ _0\"></span>ivi aventi diritto, su base discrezionale e al medesimo prezzo (correlato<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls2f ws58\">al<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls2f ws58\"> </span></span>raggiun<span class=\"_ _0\"></span>gimento di taluni obiettivi di bu<span class=\"_ _0\"></span>siness) al termine del quinto<span class=\"_ _0\"></span> anno successivo alla firma<span class=\"_ _4ac\"> </span> dell\u2019accor<span class=\"_ _0\"></span>do. A seguito di tale<span class=\"_ _0\"></span> operazione la dispo<span class=\"_ _0\"></span>nibilit\u00e0 dei vot<span class=\"_ _0\"></span>i della Societ<span class=\"_ _0\"></span>\u00e0 non ha subito<span class=\"_ _4ac\"> </span> variazioni in qu<span class=\"_ _0\"></span>anto le azioni emesse e detenute dai manag<span class=\"ls30 ws96\">er non<span class=\"_ _1\"></span> conf<span class=\"_ _1\"></span>erisco<span class=\"_ _1\"></span>no di<span class=\"_ _1\"></span>ritti d<span class=\"_ _1\"></span>i v<span class=\"_ _1\"></span>oto o<span class=\"_ _4ac\"> </span></span><span class=\"ls30 ws96\"><span class=\"_ _1\"></span> </span>di partecipazio<span class=\"_ _0\"></span>ne ai dividendi s<span class=\"_ _0\"></span>e non successivamente<span class=\"_ _0\"></span> alla data di possibile eser<span class=\"_ _0\"></span>cizio delle opzioni.<span class=\"_ _0\"></span> Partecipa<span class=\"_ _0\"></span>zioni in i<span class=\"_ _0\"></span>mprese sottopost<span class=\"_ _0\"></span>e ad influenza notevole<span class=\"ls1 ws1\"> </span>Sede <table class=\"s w435 h433\" id=\"_52eb6814-d971-40d3-abdb-71ae279bef61\"><tr><td class=\"c x405 y3502 w10c h12d\"><div class=\"t m15 x24 h12c y15c3 ff2 fs21 fc0 sc0 ls115 ws32e\">Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x453 y3502 w10e h12d\"><div class=\"t m15 xf7 h12c y15c4 ff2 fs21 fc0 sc0 ls116 ws330\">Sede leg<span class=\"_ _1\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x454 y3502 w10f h12d\"><div class=\"t m15 x60 h12c y15c1 ff2 fs21 fc0 sc0 ls117 ws331\">Tipo<span class=\"_ _1c\"></span> di ra<span class=\"_ _1\"></span>ppor<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> </div></td><td></td><td class=\"c x455 y3503 w110 h12f\"><div class=\"t m15 x26 h12c y15c6 ff2 fs21 fc0 sc0 ls10e ws327\">Rapp<span class=\"_ _0\"></span>orto di part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y3502 w10b h12d\"><div class=\"t m15 x60 h12e y15c1 ffd fs21 fc0 sc0 ls113 ws32c\">Disp<span class=\"_ _0\"></span>onibilit\u00e0 voti % </div></td></tr><tr><td></td><td class=\"c x452 y3502 w10d h12d\"><div class=\"t m15 x16 h12c y15c2 ff2 fs21 fc0 sc0 ls10f ws328\">op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x454 y3502 w10f h12d\"><div class=\"t m15 xb2 h12c y15c2 ff2 fs21 fc0 sc0 ls10e ws332\">(a)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x457 y3505 w436 h41d\"><div class=\"t m15 x1fa h12c y3504 ff2 fs21 fc0 sc0 ls10e ws327\">Im<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sa part<span class=\"_ _0\"></span>ecipant<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x474 y3505 w437 h434\"><div class=\"t m15 x1fa h12c y3504 ffd fs21 fc0 sc0 ls10f ws328\">Quot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> %<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y3502 w10b h12d\"><div class=\"t m15 x14b h12c y15c2 ff2 fs21 fc0 sc0 ls114 ws32d\">(b)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w438 h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Gem<span class=\"_ _0\"></span> Hos<span class=\"_ _0\"></span>pitality S.r.<span class=\"_ _1\"></span>l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x475 y345e w439 h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x476 y345e w43a h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Milano \u2013 I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x477 y345e w43b h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x478 y345e w43c h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls111 ws32a\">V<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span> S.r.l<span class=\"_ _4ac\"> </span></div></td><td class=\"c x479 y345e w43d h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls112 ws32b\">80,<span class=\"_ _0\"></span>00%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>a) <span class=\"ls16 ws1f0\">Tipo di rapporto<span class=\"_ _1\"></span>: 1=maggioranza<span class=\"_ _1\"></span> dei diritti di voto nell\u2019ass<span class=\"_ _1\"></span>emblea ordinaria<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span>b) Ove differen<span class=\"_ _1\"></span>te dalla quota %<span class=\"_ _1\"></span> di partecipazion<span class=\"_ _1\"></span>e \u00e8 indicata la d<span class=\"_ _1\"></span>isponibilit\u00e0 dei vo<span class=\"_ _1\"></span>ti nell\u2019assemblea ordi<span class=\"_ _1\"></span>naria, distingu<span class=\"_ _1\"></span>endo<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"lsd ws14\">tra </span></span>effet<span class=\"_ _1\"></span>tivi e p<span class=\"_ _1\"></span>otenzi<span class=\"_ _1\"></span>ali<span class=\"ls1 ws1\"> </span>Si ricor<span class=\"_ _0\"></span>da che in data 21 febbraio<span class=\"_ _0\"></span> 2024, la controllat<span class=\"_ _0\"></span>a indiretta V<span class=\"_ _0\"></span>ita Srl ed il FIA Imm<span class=\"_ _0\"></span>obiliare GEM FUND (<span class=\"_ _1\"></span>ges<span class=\"_ _1\"></span>tito d<span class=\"_ _1\"></span>a Cast<span class=\"_ _1c\"></span>ello SGR)<span class=\"_ _1\"></span> ha<span class=\"_ _1\"></span>nno c<span class=\"_ _1\"></span>ostit<span class=\"_ _1\"></span>uito l<span class=\"_ _1\"></span>a soci<span class=\"_ _1c\"></span>et\u00e0 GEM H<span class=\"_ _1\"></span>ospi<span class=\"_ _1\"></span>tality<span class=\"_ _1\"></span> S.r<span class=\"_ _1\"></span>.l.. Ta<span class=\"_ _1\"></span>le soc<span class=\"_ _1\"></span>iet\u00e0<span class=\"_ _1\"></span>, accessoria<span class=\"_ _0\"></span> allo svolgimento dell\u2019<span class=\"_ _0\"></span>attivit\u00e0 del fondo ste<span class=\"_ _0\"></span>sso, non rientr<span class=\"_ _0\"></span>a nel perimetro del bilancio consolidato in<span class=\"_ _0\"></span> base a quanto previsto dal principio contabile<span class=\"_ _0\"></span> internazionale IFRS 10. <span class=\"ls1 ws1\"> </span>Tale<span class=\"_ _1\"></span> socie<span class=\"_ _1c\"></span>t\u00e0 \u00e8 consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>ta col<span class=\"_ _1\"></span>lega<span class=\"_ _1c\"></span>ta in qua<span class=\"_ _1\"></span>nto s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>osta a<span class=\"_ _1\"></span>d inf<span class=\"_ _1\"></span>luenza<span class=\"_ _1\"></span> not<span class=\"_ _1\"></span>evol<span class=\"_ _1\"></span>e e qui<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span> consolidata con la<span class=\"_ _0\"></span> metodologia del patrimon<span class=\"_ _0\"></span>io netto, secondo le prescrizioni de<span class=\"_ _0\"></span>llo IAS 28.<span class=\"_ _4ac\"> </span>2. Valutazioni e assun<span class=\"_ _1\"></span>zioni significative per determinare l\u2019are<span class=\"_ _1\"></span>a di consolidamento<span class=\"ls1 ws1\"> </span>Soci<span class=\"_ _1\"></span>et\u00e0 c<span class=\"_ _1\"></span>ontrol<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"ls1 ws1\"> </span>Sono consider<span class=\"_ _0\"></span>ate controllate le<span class=\"_ _0\"></span> imprese nelle quali Anim<span class=\"_ _0\"></span>a Holding \u00e8 esposta a ren<span class=\"_ _0\"></span>dimenti variabili, o<span class=\"_ _0\"></span> detiene diritti su tali ren<span class=\"_ _0\"></span>dimenti, derivanti dal propr<span class=\"_ _0\"></span>io rapporto con le stesse e, nel cont<span class=\"_ _1\"></span>empo<span class=\"_ _1\"></span>, ha l<span class=\"_ _1\"></span>a cap<span class=\"_ _1\"></span>aci<span class=\"_ _1\"></span>t\u00e0 d<span class=\"_ _1\"></span>i incid<span class=\"_ _1c\"></span>ere sui <span class=\"_ _1\"></span>rendi<span class=\"_ _1c\"></span>menti <span class=\"_ _1\"></span>eserc<span class=\"_ _1\"></span>itand<span class=\"_ _1c\"></span>o il<span class=\"ls1 ws1\"> <span class=\"ls0 ws0\">proprio potere su tali entit\u00e0.</span> </span>Il controllo pu\u00f2 configurar<span class=\"_ _0\"></span>si solamente con la presenza contemporanea dei seguent<span class=\"_ _0\"></span>i elementi:<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">il pot<span class=\"_ _0\"></span>ere di dirigere le attivit\u00e0<span class=\"_ _0\"></span> rilevanti della partecipata;</span><span class=\"ff1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws74\">l\u2019e<span class=\"_ _0\"></span>sposizione o i diritti a rendimenti variabili derivant<span class=\"_ _0\"></span>i dal rapporto con l\u2019entit\u00e0 oggetto di </span>inves<span class=\"_ _1c\"></span>timen<span class=\"_ _1\"></span>to;<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws86\">la capac<span class=\"_ _0\"></span>it\u00e0 di eser<span class=\"_ _0\"></span>citare il propr<span class=\"_ _0\"></span>io potere sull\u2019ent<span class=\"_ _0\"></span>it\u00e0 oggetto di investim<span class=\"_ _0\"></span>ento per incidere </span>sull<span class=\"_ _0\"></span>\u2019ammont<span class=\"_ _0\"></span>are de<span class=\"_ _0\"></span>i suoi rend<span class=\"_ _0\"></span>imenti.<span class=\"ls1 ws1\"> </span>Nello specifico il Gruppo Anima considera i seguenti fattori per valutare l\u2019es<span class=\"_ _0\"></span>istenza di controllo:<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws15\">lo s<span class=\"_ _0\"></span>copo e la struttura della parte<span class=\"_ _0\"></span>cipata </span><span class=\"ff1\">\u2013 <span class=\"ls0 ws15\">al fine di identificare gli obiettivi dell\u2019ent<span class=\"_ _0\"></span>it\u00e0, le sue </span></span>attivit\u00e0 r<span class=\"_ _0\"></span>ilevanti (ovvero que<span class=\"_ _0\"></span>lle che maggiormente ne<span class=\"_ _0\"></span> influenzano i rendimen<span class=\"_ _0\"></span>ti) e come tali attiv<span class=\"_ _1\"></span>it\u00e0 s<span class=\"_ _1c\"></span>ono gov<span class=\"_ _1\"></span>erna<span class=\"_ _1\"></span>te;<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws7f\">il pot<span class=\"_ _0\"></span>ere </span><span class=\"ff1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 ws29\">al <span class=\"_ _d\"></span><span class=\"ws7f\">fin<span class=\"_ _0\"></span>e di comprendere<span class=\"_ _0\"></span> se il Gruppo An<span class=\"_ _0\"></span>ima ha diritti c<span class=\"_ _0\"></span>ontrattuali che<span class=\"_ _0\"></span> attribuiscono </span></span></span>la capacit\u00e0<span class=\"_ _0\"></span> di dirigere le attivit\u00e0 rilev<span class=\"_ _0\"></span>anti;<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws9e\">l\u2019e<span class=\"_ _0\"></span>sposizione alla v<span class=\"_ _0\"></span>ariabilit\u00e0 dei rendimenti della par<span class=\"_ _0\"></span>tecipata </span><span class=\"ff1\">\u2013  <span class=\"ls0 ws9e\">al fine di valutare se il </span></span>rendi<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o perc<span class=\"_ _1c\"></span>epito dal<span class=\"_ _1\"></span> Gruppo A<span class=\"_ _1c\"></span>nima pu\u00f2<span class=\"_ _1\"></span> varia<span class=\"_ _1\"></span>re, in vi<span class=\"_ _1\"></span>a pot<span class=\"_ _1c\"></span>enziale, i<span class=\"_ _1\"></span>n funz<span class=\"_ _1\"></span>ione d<span class=\"_ _1c\"></span>ei risultat<span class=\"_ _0\"></span>i raggiunti dalla partecipat<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span>Dete<span class=\"_ _1\"></span>rminata l<span class=\"_ _1c\"></span>\u2019esiste<span class=\"_ _1\"></span>nza del<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>ollo, pe<span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span> val<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>tar<span class=\"_ _1\"></span>e se si op<span class=\"_ _1c\"></span>era come \u201c<span class=\"_ _1\"></span>princi<span class=\"_ _1\"></span>pale\u201d<span class=\"_ _1\"></span> o com<span class=\"_ _1\"></span>e \u201cag<span class=\"_ _1\"></span>ente\u201d<span class=\"_ _1\"></span>, il Gr<span class=\"_ _1c\"></span>uppo Ani<span class=\"_ _1c\"></span>ma pre<span class=\"_ _1\"></span>nde i<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>nside<span class=\"_ _1\"></span>raz<span class=\"_ _1\"></span>ione i<span class=\"_ _1\"></span> segu<span class=\"_ _1\"></span>enti f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tori:<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">il pot<span class=\"_ _0\"></span>ere decisionale sulla att<span class=\"_ _0\"></span>ivit\u00e0 rilevanti de<span class=\"_ _0\"></span>lla partecipata; </span><span class=\"ff1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">i dirit<span class=\"_ _0\"></span>ti detenuti da altri sogget<span class=\"_ _0\"></span>ti;</span><span class=\"ff1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 lsf ws1f\">la rem<span class=\"_ _1\"></span>unera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a c<span class=\"_ _1\"></span>ui i<span class=\"_ _1\"></span>l Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>ha di<span class=\"_ _1c\"></span>ritto;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 wse3\">l\u2019e<span class=\"_ _0\"></span>sposizione del Gruppo Anima alla variabilit<span class=\"_ _0\"></span>\u00e0 dei rendimenti derivanti dall\u2019eventu<span class=\"_ _0\"></span>ale </span>partecipazione detenuta nella partecipata.<span class=\"_ _4ac\"> </span>L\u2019IFRS 10 ident<span class=\"_ _0\"></span>ifica come \u201cattivit\u00e0 rile<span class=\"_ _0\"></span>vanti\u201d solo le attivit\u00e0 che influen<span class=\"_ _0\"></span>zano significativamente i<span class=\"_ _4ac\"> </span> rendimenti della s<span class=\"_ _0\"></span>ociet\u00e0 partecipata.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>In termini gener<span class=\"_ _0\"></span>ali, quando le attivit<span class=\"_ _0\"></span>\u00e0 rilevanti sono gestite attraver<span class=\"_ _0\"></span>so diritti di voto, i seguenti<span class=\"_ _4ac\"> </span> fatt<span class=\"_ _1\"></span>ori fo<span class=\"_ _1\"></span>rnisco<span class=\"_ _1c\"></span>no evid<span class=\"_ _1\"></span>enza d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1\"></span>o:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls30 ws94\">poss<span class=\"_ _1\"></span>esso,<span class=\"_ _1\"></span> dir<span class=\"_ _1\"></span>ettame<span class=\"_ _1\"></span>nte <span class=\"_ _1c\"></span>o indir<span class=\"_ _1\"></span>ettame<span class=\"_ _1c\"></span>nte att<span class=\"_ _1\"></span>ravers<span class=\"_ _1c\"></span>o le pr<span class=\"_ _1\"></span>opri<span class=\"_ _1\"></span>e con<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>rol<span class=\"_ _1\"></span>late, d<span class=\"_ _1\"></span>i p<span class=\"_ _1\"></span>i\u00f9 del<span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>met\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls30 ws94\"><span class=\"_ _1\"></span> </span>dei diritt<span class=\"_ _0\"></span>i di voto di una ent<span class=\"_ _0\"></span>it\u00e0 a meno che, in<span class=\"_ _0\"></span> casi eccezionali, po<span class=\"_ _0\"></span>ssa essere chiar<span class=\"_ _0\"></span>amente<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> dimos<span class=\"_ _1\"></span>trat<span class=\"_ _1\"></span>o che ta<span class=\"_ _1\"></span>le p<span class=\"_ _1\"></span>osses<span class=\"_ _1\"></span>so n<span class=\"_ _1\"></span>on co<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uisce c<span class=\"_ _1\"></span>ontrol<span class=\"_ _1\"></span>lo;<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws76\">possesso della met\u00e0, o di una q<span class=\"_ _1\"></span>uota<span class=\"_ _0\"></span> inferiore, dei voti esercitabili in assemble<span class=\"_ _0\"></span>a e capacit\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws76\"> </span>pratica<span class=\"_ _0\"></span> di governare unilateralmente le<span class=\"_ _0\"></span> attivit\u00e0 rilevanti attraver<span class=\"_ _0\"></span>so:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws15\">il controllo<span class=\"_ _0\"></span> di pi\u00f9 della met\u00e0 dei diritti di voto in virt\u00f9 di un accordo con altri invest<span class=\"_ _0\"></span>itori;<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1\"> </span></span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws5f\">il potere di deter<span class=\"_ _0\"></span>minare le politiche fin<span class=\"_ _0\"></span>anziarie e operative dell\u2019ent<span class=\"_ _0\"></span>it\u00e0 in virt\u00f9 di clausole<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls0 ws5f\"> </span></span>sta<span class=\"_ _1\"></span>tutari<span class=\"_ _1\"></span>e o di un co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>tto;<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls30 ws106\">il p<span class=\"_ _1\"></span>otere di <span class=\"_ _1\"></span>nomina<span class=\"_ _1c\"></span>re o di rim<span class=\"_ _1c\"></span>uovere la<span class=\"_ _1\"></span> magg<span class=\"_ _1\"></span>ioranz<span class=\"_ _1\"></span>a dei m<span class=\"_ _1c\"></span>embri del<span class=\"_ _1\"></span> consig<span class=\"_ _1\"></span>lio d<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls30 ws106\"> </span></span>ammi<span class=\"_ _1\"></span>nistraz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne o d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _1\"></span>equival<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> orga<span class=\"_ _1\"></span>no di g<span class=\"_ _1c\"></span>overno <span class=\"_ _1\"></span>socie<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _1\"></span>o;<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws99\">il potere<span class=\"_ _0\"></span> di esercitare la maggio<span class=\"_ _0\"></span>ranza dei diritti di vo<span class=\"_ _0\"></span>to nelle sedute<span class=\"_ _0\"></span> del consiglio di<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls0 ws99\"> </span></span>ammi<span class=\"_ _1\"></span>nistraz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne o d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _1\"></span>equival<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> orga<span class=\"_ _1\"></span>no di g<span class=\"_ _1c\"></span>overno <span class=\"_ _1\"></span>socie<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _1\"></span>o.<span class=\"_ _4ac\"> </span>Per es<span class=\"_ _1\"></span>ercita<span class=\"_ _1c\"></span>re tali p<span class=\"_ _1c\"></span>oteri \u00e8 <span class=\"_ _1\"></span><span class=\"ls0 ws1e7\">necessar<span class=\"_ _0\"></span>io che i diritti vantati dal Gruppo Anima sull\u2019entit\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws1e7\"> </span>partecipat<span class=\"_ _0\"></span>a siano sostanziali;<span class=\"_ _0\"></span> per essere sostanziali t<span class=\"_ _0\"></span>ali diritt<span class=\"_ _0\"></span>i devono essere pratic<span class=\"_ _0\"></span>amente<span class=\"_ _4ac\"> </span> esercitabili qu<span class=\"_ _0\"></span>ando le decisioni sulle attivit<span class=\"_ _0\"></span>\u00e0 rilevanti devono essere prese.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>So<span class=\"_ _47c\"></span>ciet\u00e0 collegate<span class=\"_ _4ac\"> </span>Una so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 coll<span class=\"_ _1\"></span>egata<span class=\"_ _1\"></span> \u00e8 un\u2019i<span class=\"_ _1\"></span>mpre<span class=\"_ _1\"></span>sa nell<span class=\"_ _1\"></span>a qual<span class=\"_ _1\"></span>e la pa<span class=\"_ _1\"></span>rtecip<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>e eser<span class=\"_ _1\"></span>cita un<span class=\"_ _1\"></span>\u2019infl<span class=\"_ _1c\"></span>uenza no<span class=\"_ _1c\"></span>tevole e<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> che <span class=\"_ _1\"></span>non \u00e8 <span class=\"_ _1c\"></span>n\u00e9 cont<span class=\"_ _1\"></span>rolla<span class=\"_ _1c\"></span>ta in <span class=\"_ _1\"></span>manier<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>clus<span class=\"_ _1\"></span>iva n<span class=\"_ _1\"></span>\u00e9 co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1\"></span>ata i<span class=\"_ _1c\"></span>n modo c<span class=\"_ _1c\"></span>ongiu<span class=\"_ _1\"></span>nto. L<span class=\"_ _1\"></span>\u2019infl<span class=\"_ _1c\"></span>uenza<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> notevole si pre<span class=\"_ _0\"></span>sume in tutti i casi in<span class=\"_ _0\"></span> cui la Societ\u00e0 detiene il 20%<span class=\"ls1 ws1\"> </span>o <span class=\"_ _1\"></span>una quota superiore<span class=\"_ _0\"></span> dei diritti<span class=\"_ _4ac\"> </span> di voto e,<span class=\"_ _0\"></span> indipendentemente<span class=\"_ _0\"></span> dalla quota possedut<span class=\"_ _0\"></span>a, qualor<span class=\"_ _0\"></span>a sussista il potere di part<span class=\"_ _0\"></span>ecipare<span class=\"_ _4ac\"> </span> alle decis<span class=\"_ _0\"></span>ioni gestionali e fin<span class=\"_ _0\"></span>anziarie della partecipata,<span class=\"_ _0\"></span> in virt\u00f9 di particolari le<span class=\"_ _0\"></span>gami giuridici (i.e.<span class=\"_ _4ac\"> </span> patti parasociali) av<span class=\"ls0 ws0\">enti la fina<span class=\"_ _0\"></span>lit\u00e0 di assicurare la rappres<span class=\"_ _0\"></span>entativit\u00e0 negli organi di ge<span class=\"_ _0\"></span>stione e di<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws0\"> </span>salvaguar<span class=\"_ _0\"></span>dare l\u2019unitariet\u00e0 di indiriz<span class=\"_ _0\"></span>zo della gestione, senza tuttavia averne il contr<span class=\"_ _0\"></span>ollo.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Le pa<span class=\"_ _1c\"></span>rtecipa<span class=\"_ _1\"></span>zioni<span class=\"_ _1\"></span> in s<span class=\"_ _1c\"></span>ociet\u00e0 <span class=\"_ _1\"></span>coll<span class=\"_ _1\"></span>egat<span class=\"_ _1\"></span>e son<span class=\"_ _1\"></span>o val<span class=\"_ _1\"></span>utate <span class=\"_ _1\"></span>seco<span class=\"_ _1\"></span>ndo i<span class=\"_ _1\"></span>l met<span class=\"_ _1\"></span>odo <span class=\"_ _1c\"></span>del patri<span class=\"_ _1c\"></span>monio <span class=\"_ _1\"></span>netto<span class=\"_ _1c\"></span>. <span class=\"ls1 ws1\"> </span>3. Part<span class=\"_ _0\"></span>ecipazioni in soci<span class=\"_ _0\"></span>et\u00e0 control<span class=\"_ _0\"></span>late in via esclus<span class=\"_ _0\"></span>iva con interessenz<span class=\"_ _0\"></span>e di terzi<span class=\"_ _4ac\"> </span>significative<span class=\"_ _4ac\"> </span><table class=\"s w44e h436\" id=\"_aaff6bb2-ad7a-4159-b8c1-0a8a5917b024\"><tr><td class=\"t m0 x48c ha y3509 ff2 fs9 fc0 sc0 ls7a ws19c\">Denom<span class=\"_ _0\"></span>inaz<span class=\"_ _0\"></span>ione </td><td class=\"t m0 x48d ha y3509 ff2 fs9 fc0 sc0 ls1 ws19c\">Interessenze di </td><td class=\"t m0 x48e ha y3509 ff2 fs9 fc0 sc0 ls77 ws19a\">Dispon<span class=\"_ _0\"></span>ibilit<span class=\"_ _0\"></span>\u00e0 </td><td class=\"t m0 x48f ha y350a ff2 fs9 fc0 sc0 ls77 ws19a\">Divide<span class=\"_ _0\"></span>ndi </td></tr><tr><td class=\"t m0 x48c ha y350b ff2 fs9 fc0 sc0 ls79 ws1a9\">impres<span class=\"_ _1\"></span>a<span class=\"ls1 ws1\"> </span></td><td class=\"t m0 x48d ha y350b ffd fs9 fc0 sc0 ls1 ws1\">terzi (%)<span class=\"ff2\"> </span></td><td class=\"t m0 x48e ha y350b ffd fs9 fc0 sc0 ls77 ws19a\">voti d<span class=\"_ _0\"></span>ei terz<span class=\"_ _0\"></span>i (%)<span class=\"_ _0\"></span><span class=\"ff2 ls1 ws1\"> </span></td><td class=\"t m0 x48f ha y350c ff2 fs9 fc0 sc0 ls77 ws1c7\">distrib<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>i ai terzi </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x48f ha y350d ff2 fs9 fc0 sc0 ls77 ws1c7\">(migli<span class=\"_ _0\"></span>aia d<span class=\"_ _0\"></span>i Euro)<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></td></tr><tr><td class=\"c x490 y350e w111 h8c\"><div class=\"t m0 xba ha y1079 ff1 fs9 fc0 sc0 ls7c ws1\">Castel<span class=\"_ _1\"></span>lo SGR S.p.<span class=\"_ _1\"></span>A. </div></td><td class=\"c x491 y350e w112 h8c\"><div class=\"t m0 xa1 ha y1079 ff1 fs9 fc0 sc0 ls7a ws19c\">20%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x492 y350e w113 h8c\"><div class=\"t m0 xc0 ha y1079 ff1 fs9 fc0 sc0 ls7a ws19c\">20%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x493 y350e w114 h8c\"><div class=\"t m0 x173 ha y1079 ff1 fs9 fc0 sc0 ls1 ws19c\"> <span class=\"ws1\">-</span><span class=\"ws1\"><span class=\"ws1f9\"> </span></span></div></td></tr><tr><td class=\"c x490 y350f w111 h8d\"><div class=\"t m0 xba ha y1079 ff1 fs9 fc0 sc0 ls73 ws1f8\">Vita S.r.l.<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x491 y350f w112 h8d\"><div class=\"t m0 x105 ha y1079 ff1 fs9 fc0 sc0 ls8e ws1f9\">39,1<span class=\"_ _1\"></span>6%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x492 y350f w113 h8d\"><div class=\"t m0 x4b ha y1079 ff1 fs9 fc0 sc0 ls8e ws1f9\">39,1<span class=\"_ _1\"></span>6%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x493 y350f w114 h8d\"><div class=\"t m0 x173 ha y1079 ff1 fs9 fc0 sc0 ls1 ws19c\"> <span class=\"ws1\">-</span><span class=\"ws1\"><span class=\"ws1f9\"> </span></span></div></td></tr></table>Rispetto al 31<span class=\"_ _0\"></span> dicembre 2024, in rela<span class=\"_ _0\"></span>zione alle interessenze<span class=\"_ _0\"></span> di terzi significative,<span class=\"_ _0\"></span> non si<span class=\"_ _4ac\"> </span> segnalano var<span class=\"_ _0\"></span>iazioni. <span class=\"ls1 ws1\"> </span>Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span>Tota<span class=\"_ _1\"></span>le Atti<span class=\"_ _1c\"></span>vo<span class=\"_ _4ac\"> </span>T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivo<span class=\"_ _4ac\"> </span>Patr<span class=\"_ _1\"></span>imo<span class=\"_ _1c\"></span>nio<span class=\"_ _1c\"></span> Netto<span class=\"_ _4ac\"> </span>Utile<span class=\"_ _0\"></span>/Pe<span class=\"_ _0\"></span>rdit<span class=\"_ _0\"></span>a d'es<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span>Margine commiss<span class=\"_ _0\"></span>ionale<span class=\"_ _4ac\"> </span>C<span class=\"_ _4ac\"> </span>astello SG<span class=\"_ _0\"></span>R S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span>37.<span class=\"_ _0\"></span>496<span class=\"_ _4ac\"> </span>37.496<span class=\"_ _4ac\"> </span>23.020<span class=\"_ _4ac\"> </span>3.515<span class=\"_ _4ac\"> </span>21.596<span class=\"_ _4ac\"> </span>Vita S.r.l.<span class=\"_ _4ac\"> </span>11.017<span class=\"_ _4ac\"> </span>11.017<span class=\"_ _4ac\"> </span>3.216<span class=\"_ _4ac\"> </span>15<span class=\"_ _4ac\"> </span>I d<span class=\"_ _4ac\"> </span>ati riportati in t<span class=\"_ _0\"></span>abella si riferiscono a in<span class=\"_ _0\"></span>formazioni estratte dai bilanci d\u2019e<span class=\"_ _0\"></span>sercizio chiusi al 31<span class=\"_ _4ac\"> </span> dicemb<span class=\"_ _1c\"></span>re 2025.<span class=\"_ _4ac\"> </span>4. <span class=\"ls42 ws5\">Restrizioni significative<span class=\"_ _4ac\"> </span></span>Il Gruppo ritiene di non avere<span class=\"_ _0\"></span> vincoli di natura statuaria, parasoc<span class=\"_ _0\"></span>iale o regolamentare che<span class=\"_ _4ac\"> </span>impediscano o limit<span class=\"_ _0\"></span>ino la sua capacit\u00e0 di accedere alle attivit<span class=\"_ _0\"></span>\u00e0 o di regolare le passivit\u00e0<span class=\"_ _4ac\"> </span>.<span class=\"_ _4ac\"> </span>5. Al<span class=\"_ _1\"></span>tre i<span class=\"_ _1\"></span>nform<span class=\"_ _1c\"></span>azioni<span class=\"_ _4ac\"> </span>Nella redazione del Bilancio consolidat<span class=\"_ _0\"></span>o sono stati utilizzati principi con<span class=\"_ _0\"></span>tabili omogenei sulla<span class=\"_ _4ac\"> </span>base dei bilanci al 31 dic<span class=\"_ _0\"></span>embre 2025 approvati dai rispett<span class=\"_ _0\"></span>ivi Consigli di Amministr<span class=\"_ _0\"></span>azione delle<span class=\"_ _4ac\"> </span>soc<span class=\"_ _0\"></span>iet\u00e0 integra<span class=\"_ _0\"></span>lmente cons<span class=\"_ _0\"></span>olidate.<span class=\"_ _0\"></span> Tutte le<span class=\"_ _0\"></span> societ\u00e0<span class=\"_ _0\"></span> consolidate<span class=\"ls1 ws1\"> <span class=\"lsf ws8e\">ad<span class=\"_ _1\"></span>otta<span class=\"_ _1\"></span>no l\u2019E<span class=\"_ _1c\"></span>uro qua<span class=\"_ _1\"></span>le m<span class=\"_ _1\"></span>oneta<span class=\"_ _1\"></span> di<span class=\"_ _4ac\"> </span></span></span>conto funzionale. Non risu<span class=\"_ _0\"></span>ltano bilanci di societ\u00e0 controllate utilizzat<span class=\"_ _0\"></span>i per la redazione del<span class=\"_ _4ac\"> </span>Bilancio consolidato<span class=\"_ _0\"></span> che hanno come data di <span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span>iferimento una data diversa da quella del Bilancio<span class=\"_ _4ac\"> </span>conso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>o stesso.<span class=\"_ _4ac\"> </span>Tra le co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>llate po<span class=\"_ _0\"></span>ssono<span class=\"_ _0\"></span> essere r<span class=\"_ _0\"></span>icompre<span class=\"_ _0\"></span>se anch<span class=\"_ _0\"></span>e le cosi<span class=\"_ _0\"></span>ddette \u201c<span class=\"_ _0\"></span>entit\u00e0 st<span class=\"_ _0\"></span>rutt<span class=\"_ _0\"></span>urate<span class=\"_ _0\"></span>\u201d, nel<span class=\"_ _0\"></span>le quali<span class=\"_ _4ac\"> </span>i diritt<span class=\"_ _0\"></span>i di voto non sono signific<span class=\"_ _0\"></span>ativi ai fini della s<span class=\"_ _0\"></span>ussistenza del controllo<span class=\"_ _0\"></span>, ivi incluse<span class=\"_ _0\"></span> societ\u00e0 o<span class=\"_ _4ac\"> </span>entit\u00e0 a destinazione specifica (\u201cspecial purpose ent<span class=\"ls0 ws0\">ities\u201d) e fon<span class=\"_ _0\"></span>di di investimento.<span class=\"_ _4ac\"> </span></span>I fondi di inve<span class=\"_ _0\"></span>stimento gestiti dalle<span class=\"_ _0\"></span> societ\u00e0 del Gruppo sono<span class=\"_ _0\"></span> considerati controllat<span class=\"_ _0\"></span>i qualora il Gruppo sia e<span class=\"_ _0\"></span>sposto in misura significa<span class=\"_ _0\"></span>tiva alla varia<span class=\"_ _0\"></span>bilit\u00e0 dei ren<span class=\"_ _0\"></span>dimenti e nel caso in cu<span class=\"_ _0\"></span>i gli investitori ter<span class=\"_ _0\"></span>zi non abbiano diritti di rimoz<span class=\"_ _0\"></span>ione della socie<span class=\"ls35 ws5c\">t\u00e0 di ge<span class=\"_ _0\"></span>stione.<span class=\"ls1 ws1\"> </span></span>Con <span class=\"_ _1\"></span>rife<span class=\"_ _1\"></span>rimen<span class=\"_ _1c\"></span>to al 3<span class=\"_ _1\"></span>1 di<span class=\"_ _1\"></span>cemb<span class=\"_ _1\"></span>re 2<span class=\"_ _1c\"></span>025 non<span class=\"_ _1\"></span> risu<span class=\"_ _1\"></span>ltan<span class=\"_ _1\"></span>o fo<span class=\"_ _1\"></span>ndi c<span class=\"_ _1c\"></span>omuni<span class=\"_ _1\"></span> di i<span class=\"_ _1\"></span>nves<span class=\"_ _1\"></span>time<span class=\"_ _1\"></span>nto d<span class=\"_ _1c\"></span>a considerarsi <span class=\"_ _0\"></span>entit\u00e0 contr<span class=\"_ _0\"></span>ollate. Metodi di consolidamento<span class=\"ls1 ws1\"> </span>Consolidamento<span class=\"_ _0\"></span> integrale<span class=\"ls1 ws1\"> </span>Il consolidamento<span class=\"_ _0\"></span> integrale consiste<span class=\"_ _0\"></span> nell\u2019acquisizione<span class=\"_ _0\"></span> \u201clinea per line<span class=\"_ _0\"></span>a\u201d degli aggregati di st<span class=\"_ _0\"></span>ato patrimoniale e di conto economico delle so<span class=\"_ _0\"></span>ciet\u00e0 controllate. Il valore delle partec<span class=\"_ _0\"></span>ipazioni \u00e8 annullato<span class=\"_ _0\"></span> in contropartita al valo<span class=\"_ _0\"></span>re del patr<span class=\"_ _0\"></span>imonio delle contro<span class=\"ls30 wse7\">llate, <span class=\"_ _1\"></span>attri<span class=\"_ _1\"></span>bue<span class=\"_ _1\"></span>ndo ai t<span class=\"_ _1\"></span>erzi, se<span class=\"_ _1c\"></span> </span>pres<span class=\"_ _1\"></span>enti, l<span class=\"_ _1\"></span>e quo<span class=\"_ _1\"></span>te di<span class=\"_ _1\"></span> lor<span class=\"_ _1\"></span>o perti<span class=\"_ _1c\"></span>nenza del<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rimoni<span class=\"_ _1c\"></span>o e del <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>tato ec<span class=\"_ _1c\"></span>onomic<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span>Le dif<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nze <span class=\"_ _1\"></span>risulta<span class=\"_ _1c\"></span>nti da q<span class=\"_ _1\"></span>uesta <span class=\"_ _1\"></span>opera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, se <span class=\"_ _1\"></span>posi<span class=\"_ _1\"></span>tive, s<span class=\"_ _1\"></span>ono ri<span class=\"_ _1\"></span>lev<span class=\"_ _1\"></span>ate <span class=\"ls1 ws1\">\u2013 <span class=\"_ _20\"> </span><span class=\"ls1d ws241\">dopo l\u2019e<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>uale </span></span>imputazione ad e<span class=\"_ _0\"></span>lementi dell\u2019<span class=\"_ _0\"></span>attivo o del passivo<span class=\"_ _0\"></span> della contro<span class=\"_ _0\"></span>llata <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1e\"> </span><span class=\"lsf ws1cc\">nella<span class=\"_ _1\"></span> voce A<span class=\"_ _1c\"></span>ttivit\u00e0<span class=\"_ _1c\"></span> </span></span>immateriali come<span class=\"_ _0\"></span> avviamento o come altre att<span class=\"_ _0\"></span>ivit\u00e0 intangibili. Le differ<span class=\"_ _0\"></span>e<span class=\"ls1c ws150\">nze neg<span class=\"_ _1\"></span>ative s<span class=\"_ _1\"></span>ono </span>imput<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>l conto<span class=\"_ _0\"></span> economico.<span class=\"ls1 ws1\"> </span>Gli import<span class=\"_ _0\"></span>i riferiti ad at<span class=\"_ _0\"></span>tivit\u00e0, pas<span class=\"_ _0\"></span>sivit\u00e0, provent<span class=\"_ _0\"></span>i ed oneri tra<span class=\"_ _0\"></span> imprese consolidate<span class=\"_ _0\"></span> vengono integ<span class=\"_ _1c\"></span>ralmen<span class=\"_ _1\"></span>te elimi<span class=\"_ _1c\"></span>nati.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le acquisizioni di societ\u00e0 sono contabilizzat<span class=\"_ _0\"></span>e secondo il \u201cmetodo dell\u2019acquisizione\u201d previsto dall\u2019IFRS<span class=\"_ _0\"></span> 3, cos\u00ec come modificato<span class=\"_ _0\"></span> dal Regolamento 495/2009,<span class=\"_ _0\"></span> in base al quale le<span class=\"_ _0\"></span> attivit\u00e0 identificabili ac<span class=\"_ _0\"></span>quisite e le passivit\u00e0 identificabili assunte (comprese quelle potenziali) de<span class=\"_ _0\"></span>vono essere rilevate ai rispettiv<span class=\"_ _0\"></span>i fair value alla data di acquisizione. Inoltre, per ogni aggregazione aziendale,<span class=\"_ _0\"></span> eventuali quote di minoranza nella societ\u00e0 acquisita possono essere<span class=\"_ _0\"></span> rilevate al fair value o in proporzione alla quota d<span class=\"wsa7\">ella <span class=\"_ _0\"></span>partecipazione <span class=\"_ _0\"></span>di minoranza nelle<span class=\"_ _0\"></span> attivit\u00e0 n<span class=\"_ _0\"></span>ette </span>identificabili de<span class=\"_ _0\"></span>lle societ\u00e0 acquisite. L\u2019e<span class=\"_ _0\"></span>ventuale eccedenza del corrispettivo tra<span class=\"_ _0\"></span>sferito <span class=\"ls1 ws1\">- </span>rappresentato<span class=\"_ _0\"></span> dal fair value delle attivit\u00e0 cedute,<span class=\"_ _0\"></span> delle passivit\u00e0 sostenute<span class=\"_ _0\"></span>, degli strumenti di capitale em<span class=\"_ _0\"></span><span class=\"ws65\">essi e della eventuale rileva<span class=\"_ _0\"></span>zione al fair value delle quote di minoranza ris<span class=\"_ _0\"></span>petto al<span class=\"_ _4ac\"> </span></span>fair value<span class=\"_ _0\"></span> delle attivit<span class=\"_ _0\"></span>\u00e0 e passivit\u00e0 acquisite<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- </span>viene rilev<span class=\"_ _0\"></span>ata come avviamento; qua<span class=\"_ _0\"></span>lora il prezzo risul<span class=\"_ _1\"></span>ti inf<span class=\"_ _1\"></span>erior<span class=\"_ _1\"></span>e, la<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erenza<span class=\"_ _1\"></span> viene<span class=\"_ _1c\"></span> imputata<span class=\"_ _1\"></span> a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>conomi<span class=\"_ _1c\"></span>co.<span class=\"ls1 ws1\"> </span>Il \u201cmetodo<span class=\"_ _0\"></span> dell\u2019acquisizione\u201d viene applicat<span class=\"_ _0\"></span>o a partire dalla data dell\u2019acqu<span class=\"_ _0\"></span>isizione, ossia dal mom<span class=\"_ _1\"></span>ento i<span class=\"_ _1c\"></span>n cui s<span class=\"_ _1\"></span>i o<span class=\"_ _1\"></span>ttie<span class=\"_ _1\"></span>ne eff<span class=\"_ _1c\"></span>ettiva<span class=\"_ _1\"></span>mente<span class=\"_ _1c\"></span> il co<span class=\"_ _1\"></span>ntrol<span class=\"_ _1\"></span>lo d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>soci<span class=\"_ _1\"></span>et\u00e0 a<span class=\"_ _1c\"></span>cquisi<span class=\"_ _1\"></span>ta. P<span class=\"_ _1\"></span>erta<span class=\"_ _1\"></span>nto, i<span class=\"_ _1c\"></span> risul<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> economici di una controllat<span class=\"_ _0\"></span>a acquisita nel corso del period<span class=\"ls35 wsd2\">o di riferiment<span class=\"_ _0\"></span>o sono inclu<span class=\"_ _0\"></span>si nel </span>Bilancio consolidat<span class=\"_ _0\"></span>o a partire dalla dat<span class=\"_ _0\"></span>a della sua acquisizione. Pariment<span class=\"_ _0\"></span>i, i risultati economici di una controllata ceduta sono inclusi nel Bilancio consolidat<span class=\"_ _0\"></span>o fino alla data in cui il controllo \u00e8 cessato.<span class=\"ls1 ws1\"> </span>La differenza tr<span class=\"_ _0\"></span>a il corrispettivo<span class=\"_ _0\"></span> di cessione e il valore cont<span class=\"_ _0\"></span>abile alla data di dismiss<span class=\"_ _0\"></span>ione \u00e8 rilevata nel<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> econom<span class=\"_ _0\"></span>ico.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-703": {
   "value": "Sezione 5 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Are<span class=\"_ _0\"></span>a e metodi d<span class=\"_ _0\"></span>i cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>damento<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"> </span>1.<span class=\"ff18 ls1 ws1\"> <span class=\"_ _15f\"> </span></span><span class=\"ls42 ws5\">Partecipazioni in societ\u00e0 controlla<span class=\"_ _1\"></span>te in via esclusiva<span class=\"_ _4ac\"> </span></span><span class=\"ls42 ws5\"><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Nel prospetto<span class=\"_ _0\"></span> che segue sono indicate le partec<span class=\"_ _0\"></span>ipazioni incluse nell\u2019ar<span class=\"_ _0\"></span>ea di consolidamento<span class=\"_ _4ac\"> </span> integrale de<span class=\"_ _0\"></span>l presente Bilancio consolidato al 31 dice<span class=\"_ _0\"></span>mbre 2025:<span class=\"ls1 ws1\"> </span><table class=\"s w41c h430\" id=\"_4d4769ae-4dbc-4a9a-bfbe-ad9d967fdd32\"><tr><td class=\"c x405 y34fa w10c h129\"><div class=\"t m14 x24 h127 y15b8 ff2 fs20 fc0 sc0 ls10b ws322\">Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x452 y34fa w10d h129\"><div class=\"t m14 x13f h127 y15b6 ff2 fs20 fc0 sc0 ls10c ws323\">Sede </div></td><td class=\"c x453 y34fa w10e h129\"><div class=\"t m14 xf7 h127 y15b8 ff2 fs20 fc0 sc0 ls10c ws324\">Sede leg<span class=\"_ _1\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x454 y34fa w10f h129\"><div class=\"t m14 x60 h127 y15b9 ff2 fs20 fc0 sc0 ls10d ws325\">Tipo<span class=\"_ _1c\"></span> di ra<span class=\"_ _1\"></span>ppor<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> </div></td><td></td><td class=\"c x455 y34fb w110 h128\"><div class=\"t m14 x26 h127 y15bc ff2 fs20 fc0 sc0 ls103 ws31a\">Rapp<span class=\"_ _0\"></span>orto di part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y34fa w10b h129\"><div class=\"t m14 x60 h12a y15b6 ffd fs20 fc0 sc0 ls109 ws320\">Disp<span class=\"_ _0\"></span>onibilit\u00e0 voti % </div></td></tr><tr><td></td><td class=\"c x452 y34fa w10d h129\"><div class=\"t m14 x16 h127 y15b7 ff2 fs20 fc0 sc0 ls104 ws31b\">op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x454 y34fa w10f h129\"><div class=\"t m14 xb2 h127 y15ba ff2 fs20 fc0 sc0 ls103 ws326\">(a)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x457 y34fd w41d h431\"><div class=\"t m14 x1fa h127 y34fc ff2 fs20 fc0 sc0 ls103 ws31a\">Im<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sa part<span class=\"_ _0\"></span>ecipant<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x458 y34fd w41e h432\"><div class=\"t m14 x1fa h127 y34fc ffd fs20 fc0 sc0 ls104 ws31b\">Qu<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span> %<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y34fa w10b h129\"><div class=\"t m14 x14b h127 y15b7 ff2 fs20 fc0 sc0 ls10a ws321\">(b)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y34fe w41f h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">An<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a SG<span class=\"_ _0\"></span>R S<span class=\"_ _0\"></span>.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x459 y34fe w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45a y34fe w421 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45b y34fe w422 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45c y34fe w423 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anima H<span class=\"_ _0\"></span>olding S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45d y34fe w424 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y34ff w425 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anima A<span class=\"_ _0\"></span>lternative S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45e y34ff w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45f y34ff w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x460 y34ff w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x461 y34ff w427 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anim<span class=\"_ _0\"></span>a Holding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x462 y34ff w428 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3500 w429 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>lo S<span class=\"_ _0\"></span>GR S<span class=\"_ _0\"></span>.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x463 y3500 w42a h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x465 y3500 w42b h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milan<span class=\"_ _4ac\"> </span></div><div class=\"t m14 x464 h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">o \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x466 y3500 w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x467 y3500 w42c h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">A<span class=\"_ _0\"></span>nima Holding S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x468 y3500 w42d h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">80%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3501 w42e h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls108 ws31f\">Kairos<span class=\"_ _0\"></span> Partners S<span class=\"_ _0\"></span>GR S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x469 y3501 w42a h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46a y3501 w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46b y3501 w422 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46c y3501 w42c h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">A<span class=\"_ _0\"></span>nima Holding S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46d y3501 w42f h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">99%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46e y3501 w428 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w430 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Vita S.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46f y345e w431 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano -<span class=\"_ _1\"></span> I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x470 y345e w432 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x471 y345e w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x472 y345e w433 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ello<span class=\"_ _0\"></span> SG<span class=\"_ _0\"></span>R S.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x473 y345e w434 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">76,<span class=\"_ _0\"></span>05%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>a) Tipo di rappor<span class=\"_ _1\"></span>to: 1=maggioranz<span class=\"_ _1\"></span>a dei diritti di voto nell\u2019ass<span class=\"_ _1\"></span>emblea ordinaria<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>b) Ove differen<span class=\"_ _1\"></span>te dalla quota %<span class=\"_ _1\"></span> di partecipazion<span class=\"_ _1\"></span>e \u00e8 indicata la d<span class=\"_ _1\"></span>isponibilit\u00e0 dei vo<span class=\"_ _1\"></span>ti nell\u2019assemblea ordi<span class=\"_ _1\"></span>naria, distingu<span class=\"_ _1\"></span>endo<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"lsd ws14\">tra<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"lsd ws14\"> </span></span>effet<span class=\"_ _1\"></span>tivi e p<span class=\"_ _1\"></span>otenzi<span class=\"_ _1\"></span>ali<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Rispetto al 31<span class=\"_ _0\"></span> dicembre 2024 l\u2019area di consolidamento<span class=\"_ _0\"></span> non ha subito alcuna variazione.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Si ev<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nzia <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span>, co<span class=\"_ _1\"></span>n ri<span class=\"_ _1\"></span>ferim<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span> a Kai<span class=\"_ _1c\"></span>ros SG<span class=\"_ _1c\"></span>R, in d<span class=\"_ _1\"></span>ata <span class=\"_ _1\"></span>14 lug<span class=\"_ _1c\"></span>lio 20<span class=\"_ _1c\"></span>25 \u00e8 sta<span class=\"_ _1c\"></span>to deli<span class=\"_ _1\"></span>bera<span class=\"_ _1c\"></span>to un<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> aumento de<span class=\"_ _0\"></span>l capitale sociale<span class=\"_ _0\"></span> pari all\u20191%, int<span class=\"_ _0\"></span>eramente sottos<span class=\"_ _0\"></span>critto e versato,<span class=\"_ _0\"></span> per il tramite di u<span class=\"_ _0\"></span>n<span class=\"_ _4ac\"> </span> veicolo,<span class=\"_ _0\"></span> da alcuni manager della soc<span class=\"_ _0\"></span>iet\u00e0 controllata.<span class=\"_ _0\"></span> Il valore <span class=\"ls30 wse7\">compl<span class=\"_ _1\"></span>essiv<span class=\"_ _1\"></span>o dell\u2019<span class=\"_ _1\"></span>operaz<span class=\"_ _1\"></span>ione \u00e8<span class=\"_ _4ac\"> </span></span><span class=\"ls30 wse7\"><span class=\"_ _1\"></span> </span>stato pari a Euro 600 migliaia,<span class=\"_ _0\"></span> di cui Euro 51 migliaia por<span class=\"_ _0\"></span>tati in aumento del capitale<span class=\"_ _0\"></span> sociale e<span class=\"_ _4ac\"> </span> Euro 549 migliaia versati come \u201cRiserva sovraprezzo azio<span class=\"_ _1\"></span>ni\u201d. In pari data, Anima Holding ha<span class=\"_ _4ac\"> </span> inol<span class=\"_ _1\"></span>tre so<span class=\"_ _1\"></span>ttos<span class=\"_ _1\"></span>crit<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>n la co<span class=\"_ _1\"></span>ntropa<span class=\"_ _1c\"></span>rte un c<span class=\"_ _1\"></span>ontra<span class=\"_ _1c\"></span>tto che p<span class=\"_ _1c\"></span>revede d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>tti di<span class=\"_ _1\"></span> opzio<span class=\"_ _1\"></span>ne pu<span class=\"_ _1\"></span>t e cal<span class=\"_ _1\"></span>l sull<span class=\"_ _1c\"></span>e<span class=\"_ _4ac\"> </span> azi<span class=\"_ _1\"></span>oni ri<span class=\"_ _1\"></span>veni<span class=\"_ _1\"></span>enti<span class=\"_ _1\"></span> dal<span class=\"_ _1\"></span> sop<span class=\"_ _1c\"></span>racitat<span class=\"_ _1\"></span>o au<span class=\"_ _1\"></span>mento<span class=\"_ _1c\"></span> di cap<span class=\"_ _1\"></span>ital<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> Kairo<span class=\"_ _1c\"></span>s SGR.<span class=\"_ _1\"></span> Le <span class=\"_ _1\"></span>opzi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>otra<span class=\"_ _1\"></span>nno e<span class=\"_ _1c\"></span>ssere<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> esercitate dai rispett<span class=\"_ _0\"></span>ivi aventi diritto, su base discrezionale e al medesimo prezzo (correlato<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls2f ws58\">al<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls2f ws58\"> </span></span>raggiun<span class=\"_ _0\"></span>gimento di taluni obiettivi di bu<span class=\"_ _0\"></span>siness) al termine del quinto<span class=\"_ _0\"></span> anno successivo alla firma<span class=\"_ _4ac\"> </span> dell\u2019accor<span class=\"_ _0\"></span>do. A seguito di tale<span class=\"_ _0\"></span> operazione la dispo<span class=\"_ _0\"></span>nibilit\u00e0 dei vot<span class=\"_ _0\"></span>i della Societ<span class=\"_ _0\"></span>\u00e0 non ha subito<span class=\"_ _4ac\"> </span> variazioni in qu<span class=\"_ _0\"></span>anto le azioni emesse e detenute dai manag<span class=\"ls30 ws96\">er non<span class=\"_ _1\"></span> conf<span class=\"_ _1\"></span>erisco<span class=\"_ _1\"></span>no di<span class=\"_ _1\"></span>ritti d<span class=\"_ _1\"></span>i v<span class=\"_ _1\"></span>oto o<span class=\"_ _4ac\"> </span></span><span class=\"ls30 ws96\"><span class=\"_ _1\"></span> </span>di partecipazio<span class=\"_ _0\"></span>ne ai dividendi s<span class=\"_ _0\"></span>e non successivamente<span class=\"_ _0\"></span> alla data di possibile eser<span class=\"_ _0\"></span>cizio delle opzioni.<span class=\"_ _0\"></span> Partecipa<span class=\"_ _0\"></span>zioni in i<span class=\"_ _0\"></span>mprese sottopost<span class=\"_ _0\"></span>e ad influenza notevole<span class=\"ls1 ws1\"> </span>Sede <table class=\"s w435 h433\" id=\"_52eb6814-d971-40d3-abdb-71ae279bef61\"><tr><td class=\"c x405 y3502 w10c h12d\"><div class=\"t m15 x24 h12c y15c3 ff2 fs21 fc0 sc0 ls115 ws32e\">Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x453 y3502 w10e h12d\"><div class=\"t m15 xf7 h12c y15c4 ff2 fs21 fc0 sc0 ls116 ws330\">Sede leg<span class=\"_ _1\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x454 y3502 w10f h12d\"><div class=\"t m15 x60 h12c y15c1 ff2 fs21 fc0 sc0 ls117 ws331\">Tipo<span class=\"_ _1c\"></span> di ra<span class=\"_ _1\"></span>ppor<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> </div></td><td></td><td class=\"c x455 y3503 w110 h12f\"><div class=\"t m15 x26 h12c y15c6 ff2 fs21 fc0 sc0 ls10e ws327\">Rapp<span class=\"_ _0\"></span>orto di part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y3502 w10b h12d\"><div class=\"t m15 x60 h12e y15c1 ffd fs21 fc0 sc0 ls113 ws32c\">Disp<span class=\"_ _0\"></span>onibilit\u00e0 voti % </div></td></tr><tr><td></td><td class=\"c x452 y3502 w10d h12d\"><div class=\"t m15 x16 h12c y15c2 ff2 fs21 fc0 sc0 ls10f ws328\">op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x454 y3502 w10f h12d\"><div class=\"t m15 xb2 h12c y15c2 ff2 fs21 fc0 sc0 ls10e ws332\">(a)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x457 y3505 w436 h41d\"><div class=\"t m15 x1fa h12c y3504 ff2 fs21 fc0 sc0 ls10e ws327\">Im<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sa part<span class=\"_ _0\"></span>ecipant<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x474 y3505 w437 h434\"><div class=\"t m15 x1fa h12c y3504 ffd fs21 fc0 sc0 ls10f ws328\">Quot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> %<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y3502 w10b h12d\"><div class=\"t m15 x14b h12c y15c2 ff2 fs21 fc0 sc0 ls114 ws32d\">(b)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w438 h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Gem<span class=\"_ _0\"></span> Hos<span class=\"_ _0\"></span>pitality S.r.<span class=\"_ _1\"></span>l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x475 y345e w439 h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x476 y345e w43a h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Milano \u2013 I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x477 y345e w43b h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x478 y345e w43c h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls111 ws32a\">V<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span> S.r.l<span class=\"_ _4ac\"> </span></div></td><td class=\"c x479 y345e w43d h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls112 ws32b\">80,<span class=\"_ _0\"></span>00%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>a) <span class=\"ls16 ws1f0\">Tipo di rapporto<span class=\"_ _1\"></span>: 1=maggioranza<span class=\"_ _1\"></span> dei diritti di voto nell\u2019ass<span class=\"_ _1\"></span>emblea ordinaria<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span>b) Ove differen<span class=\"_ _1\"></span>te dalla quota %<span class=\"_ _1\"></span> di partecipazion<span class=\"_ _1\"></span>e \u00e8 indicata la d<span class=\"_ _1\"></span>isponibilit\u00e0 dei vo<span class=\"_ _1\"></span>ti nell\u2019assemblea ordi<span class=\"_ _1\"></span>naria, distingu<span class=\"_ _1\"></span>endo<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"lsd ws14\">tra </span></span>effet<span class=\"_ _1\"></span>tivi e p<span class=\"_ _1\"></span>otenzi<span class=\"_ _1\"></span>ali<span class=\"ls1 ws1\"> </span>Si ricor<span class=\"_ _0\"></span>da che in data 21 febbraio<span class=\"_ _0\"></span> 2024, la controllat<span class=\"_ _0\"></span>a indiretta V<span class=\"_ _0\"></span>ita Srl ed il FIA Imm<span class=\"_ _0\"></span>obiliare GEM FUND (<span class=\"_ _1\"></span>ges<span class=\"_ _1\"></span>tito d<span class=\"_ _1\"></span>a Cast<span class=\"_ _1c\"></span>ello SGR)<span class=\"_ _1\"></span> ha<span class=\"_ _1\"></span>nno c<span class=\"_ _1\"></span>ostit<span class=\"_ _1\"></span>uito l<span class=\"_ _1\"></span>a soci<span class=\"_ _1c\"></span>et\u00e0 GEM H<span class=\"_ _1\"></span>ospi<span class=\"_ _1\"></span>tality<span class=\"_ _1\"></span> S.r<span class=\"_ _1\"></span>.l.. Ta<span class=\"_ _1\"></span>le soc<span class=\"_ _1\"></span>iet\u00e0<span class=\"_ _1\"></span>, accessoria<span class=\"_ _0\"></span> allo svolgimento dell\u2019<span class=\"_ _0\"></span>attivit\u00e0 del fondo ste<span class=\"_ _0\"></span>sso, non rientr<span class=\"_ _0\"></span>a nel perimetro del bilancio consolidato in<span class=\"_ _0\"></span> base a quanto previsto dal principio contabile<span class=\"_ _0\"></span> internazionale IFRS 10. <span class=\"ls1 ws1\"> </span>Tale<span class=\"_ _1\"></span> socie<span class=\"_ _1c\"></span>t\u00e0 \u00e8 consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>ta col<span class=\"_ _1\"></span>lega<span class=\"_ _1c\"></span>ta in qua<span class=\"_ _1\"></span>nto s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>osta a<span class=\"_ _1\"></span>d inf<span class=\"_ _1\"></span>luenza<span class=\"_ _1\"></span> not<span class=\"_ _1\"></span>evol<span class=\"_ _1\"></span>e e qui<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span> consolidata con la<span class=\"_ _0\"></span> metodologia del patrimon<span class=\"_ _0\"></span>io netto, secondo le prescrizioni de<span class=\"_ _0\"></span>llo IAS 28.<span class=\"_ _4ac\"> </span> <span class=\"ls1 ws1\"> </span>2. Valutazioni e assun<span class=\"_ _1\"></span>zioni significative per determinare l\u2019are<span class=\"_ _1\"></span>a di consolidamento<span class=\"ls1 ws1\"> </span>Soci<span class=\"_ _1\"></span>et\u00e0 c<span class=\"_ _1\"></span>ontrol<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"ls1 ws1\"> </span>Sono consider<span class=\"_ _0\"></span>ate controllate le<span class=\"_ _0\"></span> imprese nelle quali Anim<span class=\"_ _0\"></span>a Holding \u00e8 esposta a ren<span class=\"_ _0\"></span>dimenti variabili, o<span class=\"_ _0\"></span> detiene diritti su tali ren<span class=\"_ _0\"></span>dimenti, derivanti dal propr<span class=\"_ _0\"></span>io rapporto con le stesse e, nel cont<span class=\"_ _1\"></span>empo<span class=\"_ _1\"></span>, ha l<span class=\"_ _1\"></span>a cap<span class=\"_ _1\"></span>aci<span class=\"_ _1\"></span>t\u00e0 d<span class=\"_ _1\"></span>i incid<span class=\"_ _1c\"></span>ere sui <span class=\"_ _1\"></span>rendi<span class=\"_ _1c\"></span>menti <span class=\"_ _1\"></span>eserc<span class=\"_ _1\"></span>itand<span class=\"_ _1c\"></span>o il<span class=\"ls1 ws1\"> <span class=\"ls0 ws0\">proprio potere su tali entit\u00e0.</span> </span>Il controllo pu\u00f2 configurar<span class=\"_ _0\"></span>si solamente con la presenza contemporanea dei seguent<span class=\"_ _0\"></span>i elementi:<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">il pot<span class=\"_ _0\"></span>ere di dirigere le attivit\u00e0<span class=\"_ _0\"></span> rilevanti della partecipata;</span><span class=\"ff1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws74\">l\u2019e<span class=\"_ _0\"></span>sposizione o i diritti a rendimenti variabili derivant<span class=\"_ _0\"></span>i dal rapporto con l\u2019entit\u00e0 oggetto di </span>inves<span class=\"_ _1c\"></span>timen<span class=\"_ _1\"></span>to;<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws86\">la capac<span class=\"_ _0\"></span>it\u00e0 di eser<span class=\"_ _0\"></span>citare il propr<span class=\"_ _0\"></span>io potere sull\u2019ent<span class=\"_ _0\"></span>it\u00e0 oggetto di investim<span class=\"_ _0\"></span>ento per incidere </span>sull<span class=\"_ _0\"></span>\u2019ammont<span class=\"_ _0\"></span>are de<span class=\"_ _0\"></span>i suoi rend<span class=\"_ _0\"></span>imenti.<span class=\"ls1 ws1\"> </span>Nello specifico il Gruppo Anima considera i seguenti fattori per valutare l\u2019es<span class=\"_ _0\"></span>istenza di controllo:<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws15\">lo s<span class=\"_ _0\"></span>copo e la struttura della parte<span class=\"_ _0\"></span>cipata </span><span class=\"ff1\">\u2013 <span class=\"ls0 ws15\">al fine di identificare gli obiettivi dell\u2019ent<span class=\"_ _0\"></span>it\u00e0, le sue </span></span>attivit\u00e0 r<span class=\"_ _0\"></span>ilevanti (ovvero que<span class=\"_ _0\"></span>lle che maggiormente ne<span class=\"_ _0\"></span> influenzano i rendimen<span class=\"_ _0\"></span>ti) e come tali attiv<span class=\"_ _1\"></span>it\u00e0 s<span class=\"_ _1c\"></span>ono gov<span class=\"_ _1\"></span>erna<span class=\"_ _1\"></span>te;<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws7f\">il pot<span class=\"_ _0\"></span>ere </span><span class=\"ff1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 ws29\">al <span class=\"_ _d\"></span><span class=\"ws7f\">fin<span class=\"_ _0\"></span>e di comprendere<span class=\"_ _0\"></span> se il Gruppo An<span class=\"_ _0\"></span>ima ha diritti c<span class=\"_ _0\"></span>ontrattuali che<span class=\"_ _0\"></span> attribuiscono </span></span></span>la capacit\u00e0<span class=\"_ _0\"></span> di dirigere le attivit\u00e0 rilev<span class=\"_ _0\"></span>anti;<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws9e\">l\u2019e<span class=\"_ _0\"></span>sposizione alla v<span class=\"_ _0\"></span>ariabilit\u00e0 dei rendimenti della par<span class=\"_ _0\"></span>tecipata </span><span class=\"ff1\">\u2013  <span class=\"ls0 ws9e\">al fine di valutare se il </span></span>rendi<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o perc<span class=\"_ _1c\"></span>epito dal<span class=\"_ _1\"></span> Gruppo A<span class=\"_ _1c\"></span>nima pu\u00f2<span class=\"_ _1\"></span> varia<span class=\"_ _1\"></span>re, in vi<span class=\"_ _1\"></span>a pot<span class=\"_ _1c\"></span>enziale, i<span class=\"_ _1\"></span>n funz<span class=\"_ _1\"></span>ione d<span class=\"_ _1c\"></span>ei risultat<span class=\"_ _0\"></span>i raggiunti dalla partecipat<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span>Dete<span class=\"_ _1\"></span>rminata l<span class=\"_ _1c\"></span>\u2019esiste<span class=\"_ _1\"></span>nza del<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>ollo, pe<span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span> val<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>tar<span class=\"_ _1\"></span>e se si op<span class=\"_ _1c\"></span>era come \u201c<span class=\"_ _1\"></span>princi<span class=\"_ _1\"></span>pale\u201d<span class=\"_ _1\"></span> o com<span class=\"_ _1\"></span>e \u201cag<span class=\"_ _1\"></span>ente\u201d<span class=\"_ _1\"></span>, il Gr<span class=\"_ _1c\"></span>uppo Ani<span class=\"_ _1c\"></span>ma pre<span class=\"_ _1\"></span>nde i<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>nside<span class=\"_ _1\"></span>raz<span class=\"_ _1\"></span>ione i<span class=\"_ _1\"></span> segu<span class=\"_ _1\"></span>enti f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tori:<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">il pot<span class=\"_ _0\"></span>ere decisionale sulla att<span class=\"_ _0\"></span>ivit\u00e0 rilevanti de<span class=\"_ _0\"></span>lla partecipata; </span><span class=\"ff1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">i dirit<span class=\"_ _0\"></span>ti detenuti da altri sogget<span class=\"_ _0\"></span>ti;</span><span class=\"ff1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 lsf ws1f\">la rem<span class=\"_ _1\"></span>unera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a c<span class=\"_ _1\"></span>ui i<span class=\"_ _1\"></span>l Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>ha di<span class=\"_ _1c\"></span>ritto;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 wse3\">l\u2019e<span class=\"_ _0\"></span>sposizione del Gruppo Anima alla variabilit<span class=\"_ _0\"></span>\u00e0 dei rendimenti derivanti dall\u2019eventu<span class=\"_ _0\"></span>ale </span>partecipazione detenuta nella partecipata.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>L\u2019IFRS 10 ident<span class=\"_ _0\"></span>ifica come \u201cattivit\u00e0 rile<span class=\"_ _0\"></span>vanti\u201d solo le attivit\u00e0 che influen<span class=\"_ _0\"></span>zano significativamente i<span class=\"_ _4ac\"> </span> rendimenti della s<span class=\"_ _0\"></span>ociet\u00e0 partecipata.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>In termini gener<span class=\"_ _0\"></span>ali, quando le attivit<span class=\"_ _0\"></span>\u00e0 rilevanti sono gestite attraver<span class=\"_ _0\"></span>so diritti di voto, i seguenti<span class=\"_ _4ac\"> </span> fatt<span class=\"_ _1\"></span>ori fo<span class=\"_ _1\"></span>rnisco<span class=\"_ _1c\"></span>no evid<span class=\"_ _1\"></span>enza d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1\"></span>o:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls30 ws94\">poss<span class=\"_ _1\"></span>esso,<span class=\"_ _1\"></span> dir<span class=\"_ _1\"></span>ettame<span class=\"_ _1\"></span>nte <span class=\"_ _1c\"></span>o indir<span class=\"_ _1\"></span>ettame<span class=\"_ _1c\"></span>nte att<span class=\"_ _1\"></span>ravers<span class=\"_ _1c\"></span>o le pr<span class=\"_ _1\"></span>opri<span class=\"_ _1\"></span>e con<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>rol<span class=\"_ _1\"></span>late, d<span class=\"_ _1\"></span>i p<span class=\"_ _1\"></span>i\u00f9 del<span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>met\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls30 ws94\"><span class=\"_ _1\"></span> </span>dei diritt<span class=\"_ _0\"></span>i di voto di una ent<span class=\"_ _0\"></span>it\u00e0 a meno che, in<span class=\"_ _0\"></span> casi eccezionali, po<span class=\"_ _0\"></span>ssa essere chiar<span class=\"_ _0\"></span>amente<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> dimos<span class=\"_ _1\"></span>trat<span class=\"_ _1\"></span>o che ta<span class=\"_ _1\"></span>le p<span class=\"_ _1\"></span>osses<span class=\"_ _1\"></span>so n<span class=\"_ _1\"></span>on co<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uisce c<span class=\"_ _1\"></span>ontrol<span class=\"_ _1\"></span>lo;<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws76\">possesso della met\u00e0, o di una q<span class=\"_ _1\"></span>uota<span class=\"_ _0\"></span> inferiore, dei voti esercitabili in assemble<span class=\"_ _0\"></span>a e capacit\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws76\"> </span>pratica<span class=\"_ _0\"></span> di governare unilateralmente le<span class=\"_ _0\"></span> attivit\u00e0 rilevanti attraver<span class=\"_ _0\"></span>so:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws15\">il controllo<span class=\"_ _0\"></span> di pi\u00f9 della met\u00e0 dei diritti di voto in virt\u00f9 di un accordo con altri invest<span class=\"_ _0\"></span>itori;<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1\"> </span></span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws5f\">il potere di deter<span class=\"_ _0\"></span>minare le politiche fin<span class=\"_ _0\"></span>anziarie e operative dell\u2019ent<span class=\"_ _0\"></span>it\u00e0 in virt\u00f9 di clausole<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls0 ws5f\"> </span></span>sta<span class=\"_ _1\"></span>tutari<span class=\"_ _1\"></span>e o di un co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>tto;<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls30 ws106\">il p<span class=\"_ _1\"></span>otere di <span class=\"_ _1\"></span>nomina<span class=\"_ _1c\"></span>re o di rim<span class=\"_ _1c\"></span>uovere la<span class=\"_ _1\"></span> magg<span class=\"_ _1\"></span>ioranz<span class=\"_ _1\"></span>a dei m<span class=\"_ _1c\"></span>embri del<span class=\"_ _1\"></span> consig<span class=\"_ _1\"></span>lio d<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls30 ws106\"> </span></span>ammi<span class=\"_ _1\"></span>nistraz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne o d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _1\"></span>equival<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> orga<span class=\"_ _1\"></span>no di g<span class=\"_ _1c\"></span>overno <span class=\"_ _1\"></span>socie<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _1\"></span>o;<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws99\">il potere<span class=\"_ _0\"></span> di esercitare la maggio<span class=\"_ _0\"></span>ranza dei diritti di vo<span class=\"_ _0\"></span>to nelle sedute<span class=\"_ _0\"></span> del consiglio di<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls0 ws99\"> </span></span>ammi<span class=\"_ _1\"></span>nistraz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne o d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _1\"></span>equival<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> orga<span class=\"_ _1\"></span>no di g<span class=\"_ _1c\"></span>overno <span class=\"_ _1\"></span>socie<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _1\"></span>o.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Per es<span class=\"_ _1\"></span>ercita<span class=\"_ _1c\"></span>re tali p<span class=\"_ _1c\"></span>oteri \u00e8 <span class=\"_ _1\"></span><span class=\"ls0 ws1e7\">necessar<span class=\"_ _0\"></span>io che i diritti vantati dal Gruppo Anima sull\u2019entit\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws1e7\"> </span>partecipat<span class=\"_ _0\"></span>a siano sostanziali;<span class=\"_ _0\"></span> per essere sostanziali t<span class=\"_ _0\"></span>ali diritt<span class=\"_ _0\"></span>i devono essere pratic<span class=\"_ _0\"></span>amente<span class=\"_ _4ac\"> </span> esercitabili qu<span class=\"_ _0\"></span>ando le decisioni sulle attivit<span class=\"_ _0\"></span>\u00e0 rilevanti devono essere prese.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>So<span class=\"_ _47c\"></span>ciet\u00e0 collegate<span class=\"_ _4ac\"> </span>Una so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 coll<span class=\"_ _1\"></span>egata<span class=\"_ _1\"></span> \u00e8 un\u2019i<span class=\"_ _1\"></span>mpre<span class=\"_ _1\"></span>sa nell<span class=\"_ _1\"></span>a qual<span class=\"_ _1\"></span>e la pa<span class=\"_ _1\"></span>rtecip<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>e eser<span class=\"_ _1\"></span>cita un<span class=\"_ _1\"></span>\u2019infl<span class=\"_ _1c\"></span>uenza no<span class=\"_ _1c\"></span>tevole e<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> che <span class=\"_ _1\"></span>non \u00e8 <span class=\"_ _1c\"></span>n\u00e9 cont<span class=\"_ _1\"></span>rolla<span class=\"_ _1c\"></span>ta in <span class=\"_ _1\"></span>manier<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>clus<span class=\"_ _1\"></span>iva n<span class=\"_ _1\"></span>\u00e9 co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1\"></span>ata i<span class=\"_ _1c\"></span>n modo c<span class=\"_ _1c\"></span>ongiu<span class=\"_ _1\"></span>nto. L<span class=\"_ _1\"></span>\u2019infl<span class=\"_ _1c\"></span>uenza<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> notevole si pre<span class=\"_ _0\"></span>sume in tutti i casi in<span class=\"_ _0\"></span> cui la Societ\u00e0 detiene il 20%<span class=\"ls1 ws1\"> </span>o <span class=\"_ _1\"></span>una quota superiore<span class=\"_ _0\"></span> dei diritti<span class=\"_ _4ac\"> </span> di voto e,<span class=\"_ _0\"></span> indipendentemente<span class=\"_ _0\"></span> dalla quota possedut<span class=\"_ _0\"></span>a, qualor<span class=\"_ _0\"></span>a sussista il potere di part<span class=\"_ _0\"></span>ecipare<span class=\"_ _4ac\"> </span> alle decis<span class=\"_ _0\"></span>ioni gestionali e fin<span class=\"_ _0\"></span>anziarie della partecipata,<span class=\"_ _0\"></span> in virt\u00f9 di particolari le<span class=\"_ _0\"></span>gami giuridici (i.e.<span class=\"_ _4ac\"> </span> patti parasociali) av<span class=\"ls0 ws0\">enti la fina<span class=\"_ _0\"></span>lit\u00e0 di assicurare la rappres<span class=\"_ _0\"></span>entativit\u00e0 negli organi di ge<span class=\"_ _0\"></span>stione e di<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws0\"> </span>salvaguar<span class=\"_ _0\"></span>dare l\u2019unitariet\u00e0 di indiriz<span class=\"_ _0\"></span>zo della gestione, senza tuttavia averne il contr<span class=\"_ _0\"></span>ollo.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Le pa<span class=\"_ _1c\"></span>rtecipa<span class=\"_ _1\"></span>zioni<span class=\"_ _1\"></span> in s<span class=\"_ _1c\"></span>ociet\u00e0 <span class=\"_ _1\"></span>coll<span class=\"_ _1\"></span>egat<span class=\"_ _1\"></span>e son<span class=\"_ _1\"></span>o val<span class=\"_ _1\"></span>utate <span class=\"_ _1\"></span>seco<span class=\"_ _1\"></span>ndo i<span class=\"_ _1\"></span>l met<span class=\"_ _1\"></span>odo <span class=\"_ _1c\"></span>del patri<span class=\"_ _1c\"></span>monio <span class=\"_ _1\"></span>netto<span class=\"_ _1c\"></span>. <span class=\"ls1 ws1\"> </span>3. Part<span class=\"_ _0\"></span>ecipazioni in soci<span class=\"_ _0\"></span>et\u00e0 control<span class=\"_ _0\"></span>late in via esclus<span class=\"_ _0\"></span>iva con interessenz<span class=\"_ _0\"></span>e di terzi<span class=\"_ _4ac\"> </span>significative<span class=\"_ _4ac\"> </span><table class=\"s w44e h436\" id=\"_aaff6bb2-ad7a-4159-b8c1-0a8a5917b024\"><tr><td class=\"t m0 x48c ha y3509 ff2 fs9 fc0 sc0 ls7a ws19c\">Denom<span class=\"_ _0\"></span>inaz<span class=\"_ _0\"></span>ione </td><td class=\"t m0 x48d ha y3509 ff2 fs9 fc0 sc0 ls1 ws19c\">Interessenze di </td><td class=\"t m0 x48e ha y3509 ff2 fs9 fc0 sc0 ls77 ws19a\">Dispon<span class=\"_ _0\"></span>ibilit<span class=\"_ _0\"></span>\u00e0 </td><td class=\"t m0 x48f ha y350a ff2 fs9 fc0 sc0 ls77 ws19a\">Divide<span class=\"_ _0\"></span>ndi </td></tr><tr><td class=\"t m0 x48c ha y350b ff2 fs9 fc0 sc0 ls79 ws1a9\">impres<span class=\"_ _1\"></span>a<span class=\"ls1 ws1\"> </span></td><td class=\"t m0 x48d ha y350b ffd fs9 fc0 sc0 ls1 ws1\">terzi (%)<span class=\"ff2\"> </span></td><td class=\"t m0 x48e ha y350b ffd fs9 fc0 sc0 ls77 ws19a\">voti d<span class=\"_ _0\"></span>ei terz<span class=\"_ _0\"></span>i (%)<span class=\"_ _0\"></span><span class=\"ff2 ls1 ws1\"> </span></td><td class=\"t m0 x48f ha y350c ff2 fs9 fc0 sc0 ls77 ws1c7\">distrib<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>i ai terzi </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x48f ha y350d ff2 fs9 fc0 sc0 ls77 ws1c7\">(migli<span class=\"_ _0\"></span>aia d<span class=\"_ _0\"></span>i Euro)<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></td></tr><tr><td class=\"c x490 y350e w111 h8c\"><div class=\"t m0 xba ha y1079 ff1 fs9 fc0 sc0 ls7c ws1\">Castel<span class=\"_ _1\"></span>lo SGR S.p.<span class=\"_ _1\"></span>A. </div></td><td class=\"c x491 y350e w112 h8c\"><div class=\"t m0 xa1 ha y1079 ff1 fs9 fc0 sc0 ls7a ws19c\">20%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x492 y350e w113 h8c\"><div class=\"t m0 xc0 ha y1079 ff1 fs9 fc0 sc0 ls7a ws19c\">20%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x493 y350e w114 h8c\"><div class=\"t m0 x173 ha y1079 ff1 fs9 fc0 sc0 ls1 ws19c\"> <span class=\"ws1\">-</span><span class=\"ws1\"><span class=\"ws1f9\"> </span></span></div></td></tr><tr><td class=\"c x490 y350f w111 h8d\"><div class=\"t m0 xba ha y1079 ff1 fs9 fc0 sc0 ls73 ws1f8\">Vita S.r.l.<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x491 y350f w112 h8d\"><div class=\"t m0 x105 ha y1079 ff1 fs9 fc0 sc0 ls8e ws1f9\">39,1<span class=\"_ _1\"></span>6%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x492 y350f w113 h8d\"><div class=\"t m0 x4b ha y1079 ff1 fs9 fc0 sc0 ls8e ws1f9\">39,1<span class=\"_ _1\"></span>6%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x493 y350f w114 h8d\"><div class=\"t m0 x173 ha y1079 ff1 fs9 fc0 sc0 ls1 ws19c\"> <span class=\"ws1\">-</span><span class=\"ws1\"><span class=\"ws1f9\"> </span></span></div></td></tr></table>Rispetto al 31<span class=\"_ _0\"></span> dicembre 2024, in rela<span class=\"_ _0\"></span>zione alle interessenze<span class=\"_ _0\"></span> di terzi significative,<span class=\"_ _0\"></span> non si<span class=\"_ _4ac\"> </span> segnalano var<span class=\"_ _0\"></span>iazioni. <span class=\"ls1 ws1\"> </span><table class=\"s w43e h435\" id=\"_326a4c7f-6b34-43d9-812d-06ee7a623b5e\"><tr><td class=\"c x212 y3507 w43f h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls118 ws333\">Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47a y3507 w440 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls119 ws334\">Tota<span class=\"_ _1\"></span>le Atti<span class=\"_ _1c\"></span>vo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47b y3507 w441 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls11a ws335\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47c y3507 w442 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls119 ws334\">Patr<span class=\"_ _1\"></span>imo<span class=\"_ _1c\"></span>nio<span class=\"_ _1c\"></span> Netto<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47d y3507 w443 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls11b ws336\">Utile<span class=\"_ _0\"></span>/Pe<span class=\"_ _0\"></span>rdit<span class=\"_ _0\"></span>a d'es<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47e y3507 w444 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls11b ws336\">Margine commiss<span class=\"_ _0\"></span>ionale<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x480 y3508 w445 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11c ws337\">C<span class=\"_ _4ac\"> </span></div><div class=\"t m16 x47f h133 y3506 ff1 fs22 fc0 sc0 ls11c ws337\">astello SG<span class=\"_ _0\"></span>R S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x481 y3508 w446 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">37.<span class=\"_ _0\"></span>496<span class=\"_ _4ac\"> </span></div></td><td class=\"c x482 y3508 w447 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">37.496<span class=\"_ _4ac\"> </span></div></td><td class=\"c x483 y3508 w448 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">23.020<span class=\"_ _4ac\"> </span></div></td><td class=\"c x484 y3508 w449 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">3.515<span class=\"_ _4ac\"> </span></div></td><td class=\"c x485 y3508 w44a h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">21.596<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x480 y345e w44b h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11c ws337\">Vita S.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x486 y345e w447 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">11.017<span class=\"_ _4ac\"> </span></div></td><td class=\"c x487 y345e w448 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">11.017<span class=\"_ _4ac\"> </span></div></td><td class=\"c x488 y345e w449 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">3.216<span class=\"_ _4ac\"> </span></div></td><td class=\"c x489 y345e w44c h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">15<span class=\"_ _4ac\"> </span></div></td><td class=\"c x48a y345e w44d h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>I d<span class=\"_ _4ac\"> </span>ati riportati in t<span class=\"_ _0\"></span>abella si riferiscono a in<span class=\"_ _0\"></span>formazioni estratte dai bilanci d\u2019e<span class=\"_ _0\"></span>sercizio chiusi al 31<span class=\"_ _4ac\"> </span> dicemb<span class=\"_ _1c\"></span>re 2025.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>4. <span class=\"ls42 ws5\">Restrizioni significative<span class=\"_ _4ac\"> </span></span>Il Gruppo ritiene di non avere<span class=\"_ _0\"></span> vincoli di natura statuaria, parasoc<span class=\"_ _0\"></span>iale o regolamentare che<span class=\"_ _4ac\"> </span>impediscano o limit<span class=\"_ _0\"></span>ino la sua capacit\u00e0 di accedere alle attivit<span class=\"_ _0\"></span>\u00e0 o di regolare le passivit\u00e0<span class=\"_ _4ac\"> </span>.<span class=\"_ _4ac\"> </span>5. Al<span class=\"_ _1\"></span>tre i<span class=\"_ _1\"></span>nform<span class=\"_ _1c\"></span>azioni<span class=\"_ _4ac\"> </span>Nella redazione del Bilancio consolidat<span class=\"_ _0\"></span>o sono stati utilizzati principi con<span class=\"_ _0\"></span>tabili omogenei sulla<span class=\"_ _4ac\"> </span>base dei bilanci al 31 dic<span class=\"_ _0\"></span>embre 2025 approvati dai rispett<span class=\"_ _0\"></span>ivi Consigli di Amministr<span class=\"_ _0\"></span>azione delle<span class=\"_ _4ac\"> </span>soc<span class=\"_ _0\"></span>iet\u00e0 integra<span class=\"_ _0\"></span>lmente cons<span class=\"_ _0\"></span>olidate.<span class=\"_ _0\"></span> Tutte le<span class=\"_ _0\"></span> societ\u00e0<span class=\"_ _0\"></span> consolidate<span class=\"ls1 ws1\"> <span class=\"lsf ws8e\">ad<span class=\"_ _1\"></span>otta<span class=\"_ _1\"></span>no l\u2019E<span class=\"_ _1c\"></span>uro qua<span class=\"_ _1\"></span>le m<span class=\"_ _1\"></span>oneta<span class=\"_ _1\"></span> di<span class=\"_ _4ac\"> </span></span></span>conto funzionale. Non risu<span class=\"_ _0\"></span>ltano bilanci di societ\u00e0 controllate utilizzat<span class=\"_ _0\"></span>i per la redazione del<span class=\"_ _4ac\"> </span>Bilancio consolidato<span class=\"_ _0\"></span> che hanno come data di <span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span>iferimento una data diversa da quella del Bilancio<span class=\"_ _4ac\"> </span>conso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>o stesso.<span class=\"_ _4ac\"> </span>Tra le co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>llate po<span class=\"_ _0\"></span>ssono<span class=\"_ _0\"></span> essere r<span class=\"_ _0\"></span>icompre<span class=\"_ _0\"></span>se anch<span class=\"_ _0\"></span>e le cosi<span class=\"_ _0\"></span>ddette \u201c<span class=\"_ _0\"></span>entit\u00e0 st<span class=\"_ _0\"></span>rutt<span class=\"_ _0\"></span>urate<span class=\"_ _0\"></span>\u201d, nel<span class=\"_ _0\"></span>le quali<span class=\"_ _4ac\"> </span>i diritt<span class=\"_ _0\"></span>i di voto non sono signific<span class=\"_ _0\"></span>ativi ai fini della s<span class=\"_ _0\"></span>ussistenza del controllo<span class=\"_ _0\"></span>, ivi incluse<span class=\"_ _0\"></span> societ\u00e0 o<span class=\"_ _4ac\"> </span>entit\u00e0 a destinazione specifica (\u201cspecial purpose ent<span class=\"ls0 ws0\">ities\u201d) e fon<span class=\"_ _0\"></span>di di investimento.<span class=\"_ _4ac\"> </span></span>1<span class=\"_ _4ac\"> </span>I fondi di inve<span class=\"_ _0\"></span>stimento gestiti dalle<span class=\"_ _0\"></span> societ\u00e0 del Gruppo sono<span class=\"_ _0\"></span> considerati controllat<span class=\"_ _0\"></span>i qualora il Gruppo sia e<span class=\"_ _0\"></span>sposto in misura significa<span class=\"_ _0\"></span>tiva alla varia<span class=\"_ _0\"></span>bilit\u00e0 dei ren<span class=\"_ _0\"></span>dimenti e nel caso in cu<span class=\"_ _0\"></span>i gli investitori ter<span class=\"_ _0\"></span>zi non abbiano diritti di rimoz<span class=\"_ _0\"></span>ione della socie<span class=\"ls35 ws5c\">t\u00e0 di ge<span class=\"_ _0\"></span>stione.<span class=\"ls1 ws1\"> </span></span>Con <span class=\"_ _1\"></span>rife<span class=\"_ _1\"></span>rimen<span class=\"_ _1c\"></span>to al 3<span class=\"_ _1\"></span>1 di<span class=\"_ _1\"></span>cemb<span class=\"_ _1\"></span>re 2<span class=\"_ _1c\"></span>025 non<span class=\"_ _1\"></span> risu<span class=\"_ _1\"></span>ltan<span class=\"_ _1\"></span>o fo<span class=\"_ _1\"></span>ndi c<span class=\"_ _1c\"></span>omuni<span class=\"_ _1\"></span> di i<span class=\"_ _1\"></span>nves<span class=\"_ _1\"></span>time<span class=\"_ _1\"></span>nto d<span class=\"_ _1c\"></span>a considerarsi <span class=\"_ _0\"></span>entit\u00e0 contr<span class=\"_ _0\"></span>ollate. Metodi di consolidamento<span class=\"ls1 ws1\"> </span>Consolidamento<span class=\"_ _0\"></span> integrale<span class=\"ls1 ws1\"> </span>Il consolidamento<span class=\"_ _0\"></span> integrale consiste<span class=\"_ _0\"></span> nell\u2019acquisizione<span class=\"_ _0\"></span> \u201clinea per line<span class=\"_ _0\"></span>a\u201d degli aggregati di st<span class=\"_ _0\"></span>ato patrimoniale e di conto economico delle so<span class=\"_ _0\"></span>ciet\u00e0 controllate. Il valore delle partec<span class=\"_ _0\"></span>ipazioni \u00e8 annullato<span class=\"_ _0\"></span> in contropartita al valo<span class=\"_ _0\"></span>re del patr<span class=\"_ _0\"></span>imonio delle contro<span class=\"ls30 wse7\">llate, <span class=\"_ _1\"></span>attri<span class=\"_ _1\"></span>bue<span class=\"_ _1\"></span>ndo ai t<span class=\"_ _1\"></span>erzi, se<span class=\"_ _1c\"></span> </span>pres<span class=\"_ _1\"></span>enti, l<span class=\"_ _1\"></span>e quo<span class=\"_ _1\"></span>te di<span class=\"_ _1\"></span> lor<span class=\"_ _1\"></span>o perti<span class=\"_ _1c\"></span>nenza del<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rimoni<span class=\"_ _1c\"></span>o e del <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>tato ec<span class=\"_ _1c\"></span>onomic<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span>Le dif<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nze <span class=\"_ _1\"></span>risulta<span class=\"_ _1c\"></span>nti da q<span class=\"_ _1\"></span>uesta <span class=\"_ _1\"></span>opera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, se <span class=\"_ _1\"></span>posi<span class=\"_ _1\"></span>tive, s<span class=\"_ _1\"></span>ono ri<span class=\"_ _1\"></span>lev<span class=\"_ _1\"></span>ate <span class=\"ls1 ws1\">\u2013 <span class=\"_ _20\"> </span><span class=\"ls1d ws241\">dopo l\u2019e<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>uale </span></span>imputazione ad e<span class=\"_ _0\"></span>lementi dell\u2019<span class=\"_ _0\"></span>attivo o del passivo<span class=\"_ _0\"></span> della contro<span class=\"_ _0\"></span>llata <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1e\"> </span><span class=\"lsf ws1cc\">nella<span class=\"_ _1\"></span> voce A<span class=\"_ _1c\"></span>ttivit\u00e0<span class=\"_ _1c\"></span> </span></span>immateriali come<span class=\"_ _0\"></span> avviamento o come altre att<span class=\"_ _0\"></span>ivit\u00e0 intangibili. Le differ<span class=\"_ _0\"></span>e<span class=\"ls1c ws150\">nze neg<span class=\"_ _1\"></span>ative s<span class=\"_ _1\"></span>ono </span>imput<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>l conto<span class=\"_ _0\"></span> economico.<span class=\"ls1 ws1\"> </span>Gli import<span class=\"_ _0\"></span>i riferiti ad at<span class=\"_ _0\"></span>tivit\u00e0, pas<span class=\"_ _0\"></span>sivit\u00e0, provent<span class=\"_ _0\"></span>i ed oneri tra<span class=\"_ _0\"></span> imprese consolidate<span class=\"_ _0\"></span> vengono integ<span class=\"_ _1c\"></span>ralmen<span class=\"_ _1\"></span>te elimi<span class=\"_ _1c\"></span>nati.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le acquisizioni di societ\u00e0 sono contabilizzat<span class=\"_ _0\"></span>e secondo il \u201cmetodo dell\u2019acquisizione\u201d previsto dall\u2019IFRS<span class=\"_ _0\"></span> 3, cos\u00ec come modificato<span class=\"_ _0\"></span> dal Regolamento 495/2009,<span class=\"_ _0\"></span> in base al quale le<span class=\"_ _0\"></span> attivit\u00e0 identificabili ac<span class=\"_ _0\"></span>quisite e le passivit\u00e0 identificabili assunte (comprese quelle potenziali) de<span class=\"_ _0\"></span>vono essere rilevate ai rispettiv<span class=\"_ _0\"></span>i fair value alla data di acquisizione. Inoltre, per ogni aggregazione aziendale,<span class=\"_ _0\"></span> eventuali quote di minoranza nella societ\u00e0 acquisita possono essere<span class=\"_ _0\"></span> rilevate al fair value o in proporzione alla quota d<span class=\"wsa7\">ella <span class=\"_ _0\"></span>partecipazione <span class=\"_ _0\"></span>di minoranza nelle<span class=\"_ _0\"></span> attivit\u00e0 n<span class=\"_ _0\"></span>ette </span>identificabili de<span class=\"_ _0\"></span>lle societ\u00e0 acquisite. L\u2019e<span class=\"_ _0\"></span>ventuale eccedenza del corrispettivo tra<span class=\"_ _0\"></span>sferito <span class=\"ls1 ws1\">- </span>rappresentato<span class=\"_ _0\"></span> dal fair value delle attivit\u00e0 cedute,<span class=\"_ _0\"></span> delle passivit\u00e0 sostenute<span class=\"_ _0\"></span>, degli strumenti di capitale em<span class=\"_ _0\"></span><span class=\"ws65\">essi e della eventuale rileva<span class=\"_ _0\"></span>zione al fair value delle quote di minoranza ris<span class=\"_ _0\"></span>petto al<span class=\"_ _4ac\"> </span></span><span class=\"ws65\"> </span>fair value<span class=\"_ _0\"></span> delle attivit<span class=\"_ _0\"></span>\u00e0 e passivit\u00e0 acquisite<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- </span>viene rilev<span class=\"_ _0\"></span>ata come avviamento; qua<span class=\"_ _0\"></span>lora il prezzo risul<span class=\"_ _1\"></span>ti inf<span class=\"_ _1\"></span>erior<span class=\"_ _1\"></span>e, la<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erenza<span class=\"_ _1\"></span> viene<span class=\"_ _1c\"></span> imputata<span class=\"_ _1\"></span> a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>conomi<span class=\"_ _1c\"></span>co.<span class=\"ls1 ws1\"> </span>Il \u201cmetodo<span class=\"_ _0\"></span> dell\u2019acquisizione\u201d viene applicat<span class=\"_ _0\"></span>o a partire dalla data dell\u2019acqu<span class=\"_ _0\"></span>isizione, ossia dal mom<span class=\"_ _1\"></span>ento i<span class=\"_ _1c\"></span>n cui s<span class=\"_ _1\"></span>i o<span class=\"_ _1\"></span>ttie<span class=\"_ _1\"></span>ne eff<span class=\"_ _1c\"></span>ettiva<span class=\"_ _1\"></span>mente<span class=\"_ _1c\"></span> il co<span class=\"_ _1\"></span>ntrol<span class=\"_ _1\"></span>lo d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>soci<span class=\"_ _1\"></span>et\u00e0 a<span class=\"_ _1c\"></span>cquisi<span class=\"_ _1\"></span>ta. P<span class=\"_ _1\"></span>erta<span class=\"_ _1\"></span>nto, i<span class=\"_ _1c\"></span> risul<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> economici di una controllat<span class=\"_ _0\"></span>a acquisita nel corso del period<span class=\"ls35 wsd2\">o di riferiment<span class=\"_ _0\"></span>o sono inclu<span class=\"_ _0\"></span>si nel </span>Bilancio consolidat<span class=\"_ _0\"></span>o a partire dalla dat<span class=\"_ _0\"></span>a della sua acquisizione. Pariment<span class=\"_ _0\"></span>i, i risultati economici di una controllata ceduta sono inclusi nel Bilancio consolidat<span class=\"_ _0\"></span>o fino alla data in cui il controllo \u00e8 cessato.<span class=\"ls1 ws1\"> </span>La differenza tr<span class=\"_ _0\"></span>a il corrispettivo<span class=\"_ _0\"></span> di cessione e il valore cont<span class=\"_ _0\"></span>abile alla data di dismiss<span class=\"_ _0\"></span>ione \u00e8 rilevata nel<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-667": {
   "value": "Sezione 5 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Are<span class=\"_ _0\"></span>a e metodi d<span class=\"_ _0\"></span>i cons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>damento<span class=\"_ _4ac\"> </span></span></span>1.<span class=\"ff18 ls1 ws1\"> <span class=\"_ _15f\"> </span></span><span class=\"ls42 ws5\">Partecipazioni in societ\u00e0 controlla<span class=\"_ _1\"></span>te in via esclusiva<span class=\"_ _4ac\"> </span></span>Nel prospetto<span class=\"_ _0\"></span> che segue sono indicate le partec<span class=\"_ _0\"></span>ipazioni incluse nell\u2019ar<span class=\"_ _0\"></span>ea di consolidamento<span class=\"_ _4ac\"> </span>integrale de<span class=\"_ _0\"></span>l presente Bilancio consolidato al 31 dice<span class=\"_ _0\"></span>mbre 2025:<table class=\"s w41c h430\" id=\"_4d4769ae-4dbc-4a9a-bfbe-ad9d967fdd32\"><tr><td class=\"c x405 y34fa w10c h129\"><div class=\"t m14 x24 h127 y15b8 ff2 fs20 fc0 sc0 ls10b ws322\">Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x452 y34fa w10d h129\"><div class=\"t m14 x13f h127 y15b6 ff2 fs20 fc0 sc0 ls10c ws323\">Sede </div></td><td class=\"c x453 y34fa w10e h129\"><div class=\"t m14 xf7 h127 y15b8 ff2 fs20 fc0 sc0 ls10c ws324\">Sede leg<span class=\"_ _1\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x454 y34fa w10f h129\"><div class=\"t m14 x60 h127 y15b9 ff2 fs20 fc0 sc0 ls10d ws325\">Tipo<span class=\"_ _1c\"></span> di ra<span class=\"_ _1\"></span>ppor<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> </div></td><td></td><td class=\"c x455 y34fb w110 h128\"><div class=\"t m14 x26 h127 y15bc ff2 fs20 fc0 sc0 ls103 ws31a\">Rapp<span class=\"_ _0\"></span>orto di part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y34fa w10b h129\"><div class=\"t m14 x60 h12a y15b6 ffd fs20 fc0 sc0 ls109 ws320\">Disp<span class=\"_ _0\"></span>onibilit\u00e0 voti % </div></td></tr><tr><td></td><td class=\"c x452 y34fa w10d h129\"><div class=\"t m14 x16 h127 y15b7 ff2 fs20 fc0 sc0 ls104 ws31b\">op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x454 y34fa w10f h129\"><div class=\"t m14 xb2 h127 y15ba ff2 fs20 fc0 sc0 ls103 ws326\">(a)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x457 y34fd w41d h431\"><div class=\"t m14 x1fa h127 y34fc ff2 fs20 fc0 sc0 ls103 ws31a\">Im<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sa part<span class=\"_ _0\"></span>ecipant<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x458 y34fd w41e h432\"><div class=\"t m14 x1fa h127 y34fc ffd fs20 fc0 sc0 ls104 ws31b\">Qu<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span> %<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y34fa w10b h129\"><div class=\"t m14 x14b h127 y15b7 ff2 fs20 fc0 sc0 ls10a ws321\">(b)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y34fe w41f h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">An<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a SG<span class=\"_ _0\"></span>R S<span class=\"_ _0\"></span>.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x459 y34fe w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45a y34fe w421 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45b y34fe w422 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45c y34fe w423 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anima H<span class=\"_ _0\"></span>olding S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45d y34fe w424 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y34ff w425 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anima A<span class=\"_ _0\"></span>lternative S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45e y34ff w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x45f y34ff w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x460 y34ff w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x461 y34ff w427 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Anim<span class=\"_ _0\"></span>a Holding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x462 y34ff w428 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3500 w429 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>lo S<span class=\"_ _0\"></span>GR S<span class=\"_ _0\"></span>.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x463 y3500 w42a h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x465 y3500 w42b h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milan<span class=\"_ _4ac\"> </span></div><div class=\"t m14 x464 h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">o \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x466 y3500 w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x467 y3500 w42c h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">A<span class=\"_ _0\"></span>nima Holding S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x468 y3500 w42d h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">80%<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3501 w42e h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls108 ws31f\">Kairos<span class=\"_ _0\"></span> Partners S<span class=\"_ _0\"></span>GR S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x469 y3501 w42a h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46a y3501 w420 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46b y3501 w422 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46c y3501 w42c h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">A<span class=\"_ _0\"></span>nima Holding S.p.A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46d y3501 w42f h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">99%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46e y3501 w428 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">100%<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w430 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Vita S.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x46f y345e w431 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano -<span class=\"_ _1\"></span> I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x470 y345e w432 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls106 ws31d\">Milano \u2013 Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x471 y345e w426 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x472 y345e w433 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls105 ws31c\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ello<span class=\"_ _0\"></span> SG<span class=\"_ _0\"></span>R S.p.A<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x473 y345e w434 h431\"><div class=\"t m14 x1fa h127 y34fc ff1 fs20 fc0 sc0 ls107 ws31e\">76,<span class=\"_ _0\"></span>05%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>a) Tipo di rappor<span class=\"_ _1\"></span>to: 1=maggioranz<span class=\"_ _1\"></span>a dei diritti di voto nell\u2019ass<span class=\"_ _1\"></span>emblea ordinaria<span class=\"_ _4ac\"> </span>b) Ove differen<span class=\"_ _1\"></span>te dalla quota %<span class=\"_ _1\"></span> di partecipazion<span class=\"_ _1\"></span>e \u00e8 indicata la d<span class=\"_ _1\"></span>isponibilit\u00e0 dei vo<span class=\"_ _1\"></span>ti nell\u2019assemblea ordi<span class=\"_ _1\"></span>naria, distingu<span class=\"_ _1\"></span>endo<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"lsd ws14\">tra<span class=\"_ _4ac\"> </span></span></span>effet<span class=\"_ _1\"></span>tivi e p<span class=\"_ _1\"></span>otenzi<span class=\"_ _1\"></span>ali<span class=\"_ _4ac\"> </span>Rispetto al 31<span class=\"_ _0\"></span> dicembre 2024 l\u2019area di consolidamento<span class=\"_ _0\"></span> non ha subito alcuna variazione.<span class=\"_ _4ac\"> </span>Si ev<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nzia <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span>, co<span class=\"_ _1\"></span>n ri<span class=\"_ _1\"></span>ferim<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span> a Kai<span class=\"_ _1c\"></span>ros SG<span class=\"_ _1c\"></span>R, in d<span class=\"_ _1\"></span>ata <span class=\"_ _1\"></span>14 lug<span class=\"_ _1c\"></span>lio 20<span class=\"_ _1c\"></span>25 \u00e8 sta<span class=\"_ _1c\"></span>to deli<span class=\"_ _1\"></span>bera<span class=\"_ _1c\"></span>to un<span class=\"_ _4ac\"> </span>aumento de<span class=\"_ _0\"></span>l capitale sociale<span class=\"_ _0\"></span> pari all\u20191%, int<span class=\"_ _0\"></span>eramente sottos<span class=\"_ _0\"></span>critto e versato,<span class=\"_ _0\"></span> per il tramite di u<span class=\"_ _0\"></span>n<span class=\"_ _4ac\"> </span>veicolo,<span class=\"_ _0\"></span> da alcuni manager della soc<span class=\"_ _0\"></span>iet\u00e0 controllata.<span class=\"_ _0\"></span> Il valore <span class=\"ls30 wse7\">compl<span class=\"_ _1\"></span>essiv<span class=\"_ _1\"></span>o dell\u2019<span class=\"_ _1\"></span>operaz<span class=\"_ _1\"></span>ione \u00e8<span class=\"_ _4ac\"> </span></span>stato pari a Euro 600 migliaia,<span class=\"_ _0\"></span> di cui Euro 51 migliaia por<span class=\"_ _0\"></span>tati in aumento del capitale<span class=\"_ _0\"></span> sociale e<span class=\"_ _4ac\"> </span>Euro 549 migliaia versati come \u201cRiserva sovraprezzo azio<span class=\"_ _1\"></span>ni\u201d. In pari data, Anima Holding ha<span class=\"_ _4ac\"> </span>inol<span class=\"_ _1\"></span>tre so<span class=\"_ _1\"></span>ttos<span class=\"_ _1\"></span>crit<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>n la co<span class=\"_ _1\"></span>ntropa<span class=\"_ _1c\"></span>rte un c<span class=\"_ _1\"></span>ontra<span class=\"_ _1c\"></span>tto che p<span class=\"_ _1c\"></span>revede d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>tti di<span class=\"_ _1\"></span> opzio<span class=\"_ _1\"></span>ne pu<span class=\"_ _1\"></span>t e cal<span class=\"_ _1\"></span>l sull<span class=\"_ _1c\"></span>e<span class=\"_ _4ac\"> </span>azi<span class=\"_ _1\"></span>oni ri<span class=\"_ _1\"></span>veni<span class=\"_ _1\"></span>enti<span class=\"_ _1\"></span> dal<span class=\"_ _1\"></span> sop<span class=\"_ _1c\"></span>racitat<span class=\"_ _1\"></span>o au<span class=\"_ _1\"></span>mento<span class=\"_ _1c\"></span> di cap<span class=\"_ _1\"></span>ital<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> Kairo<span class=\"_ _1c\"></span>s SGR.<span class=\"_ _1\"></span> Le <span class=\"_ _1\"></span>opzi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>otra<span class=\"_ _1\"></span>nno e<span class=\"_ _1c\"></span>ssere<span class=\"_ _4ac\"> </span>esercitate dai rispett<span class=\"_ _0\"></span>ivi aventi diritto, su base discrezionale e al medesimo prezzo (correlato<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls2f ws58\">al<span class=\"_ _4ac\"> </span></span></span>raggiun<span class=\"_ _0\"></span>gimento di taluni obiettivi di bu<span class=\"_ _0\"></span>siness) al termine del quinto<span class=\"_ _0\"></span> anno successivo alla firma<span class=\"_ _4ac\"> </span>dell\u2019accor<span class=\"_ _0\"></span>do. A seguito di tale<span class=\"_ _0\"></span> operazione la dispo<span class=\"_ _0\"></span>nibilit\u00e0 dei vot<span class=\"_ _0\"></span>i della Societ<span class=\"_ _0\"></span>\u00e0 non ha subito<span class=\"_ _4ac\"> </span>variazioni in qu<span class=\"_ _0\"></span>anto le azioni emesse e detenute dai manag<span class=\"ls30 ws96\">er non<span class=\"_ _1\"></span> conf<span class=\"_ _1\"></span>erisco<span class=\"_ _1\"></span>no di<span class=\"_ _1\"></span>ritti d<span class=\"_ _1\"></span>i v<span class=\"_ _1\"></span>oto o<span class=\"_ _4ac\"> </span></span>di partecipazio<span class=\"_ _0\"></span>ne ai dividendi s<span class=\"_ _0\"></span>e non successivamente<span class=\"_ _0\"></span> alla data di possibile eser<span class=\"_ _0\"></span>cizio delle opzioni.<span class=\"_ _0\"></span> Partecipa<span class=\"_ _0\"></span>zioni in i<span class=\"_ _0\"></span>mprese sottopost<span class=\"_ _0\"></span>e ad influenza notevole<span class=\"ls1 ws1\"> </span>Sede <table class=\"s w435 h433\" id=\"_52eb6814-d971-40d3-abdb-71ae279bef61\"><tr><td class=\"c x405 y3502 w10c h12d\"><div class=\"t m15 x24 h12c y15c3 ff2 fs21 fc0 sc0 ls115 ws32e\">Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x453 y3502 w10e h12d\"><div class=\"t m15 xf7 h12c y15c4 ff2 fs21 fc0 sc0 ls116 ws330\">Sede leg<span class=\"_ _1\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x454 y3502 w10f h12d\"><div class=\"t m15 x60 h12c y15c1 ff2 fs21 fc0 sc0 ls117 ws331\">Tipo<span class=\"_ _1c\"></span> di ra<span class=\"_ _1\"></span>ppor<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> </div></td><td></td><td class=\"c x455 y3503 w110 h12f\"><div class=\"t m15 x26 h12c y15c6 ff2 fs21 fc0 sc0 ls10e ws327\">Rapp<span class=\"_ _0\"></span>orto di part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y3502 w10b h12d\"><div class=\"t m15 x60 h12e y15c1 ffd fs21 fc0 sc0 ls113 ws32c\">Disp<span class=\"_ _0\"></span>onibilit\u00e0 voti % </div></td></tr><tr><td></td><td class=\"c x452 y3502 w10d h12d\"><div class=\"t m15 x16 h12c y15c2 ff2 fs21 fc0 sc0 ls10f ws328\">op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x454 y3502 w10f h12d\"><div class=\"t m15 xb2 h12c y15c2 ff2 fs21 fc0 sc0 ls10e ws332\">(a)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x457 y3505 w436 h41d\"><div class=\"t m15 x1fa h12c y3504 ff2 fs21 fc0 sc0 ls10e ws327\">Im<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>sa part<span class=\"_ _0\"></span>ecipant<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x474 y3505 w437 h434\"><div class=\"t m15 x1fa h12c y3504 ffd fs21 fc0 sc0 ls10f ws328\">Quot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> %<span class=\"_ _4ac\"> </span></div></td><td class=\"c x456 y3502 w10b h12d\"><div class=\"t m15 x14b h12c y15c2 ff2 fs21 fc0 sc0 ls114 ws32d\">(b)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w438 h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Gem<span class=\"_ _0\"></span> Hos<span class=\"_ _0\"></span>pitality S.r.<span class=\"_ _1\"></span>l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x475 y345e w439 h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Milano - Italia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x476 y345e w43a h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls110 ws329\">Milano \u2013 I<span class=\"_ _0\"></span>talia<span class=\"_ _4ac\"> </span></div></td><td class=\"c x477 y345e w43b h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x478 y345e w43c h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls111 ws32a\">V<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span> S.r.l<span class=\"_ _4ac\"> </span></div></td><td class=\"c x479 y345e w43d h41d\"><div class=\"t m15 x1fa h12c y3504 ff1 fs21 fc0 sc0 ls112 ws32b\">80,<span class=\"_ _0\"></span>00%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>a) <span class=\"ls16 ws1f0\">Tipo di rapporto<span class=\"_ _1\"></span>: 1=maggioranza<span class=\"_ _1\"></span> dei diritti di voto nell\u2019ass<span class=\"_ _1\"></span>emblea ordinaria<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span>b) Ove differen<span class=\"_ _1\"></span>te dalla quota %<span class=\"_ _1\"></span> di partecipazion<span class=\"_ _1\"></span>e \u00e8 indicata la d<span class=\"_ _1\"></span>isponibilit\u00e0 dei vo<span class=\"_ _1\"></span>ti nell\u2019assemblea ordi<span class=\"_ _1\"></span>naria, distingu<span class=\"_ _1\"></span>endo<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"lsd ws14\">tra </span></span>effet<span class=\"_ _1\"></span>tivi e p<span class=\"_ _1\"></span>otenzi<span class=\"_ _1\"></span>ali<span class=\"ls1 ws1\"> </span>Si ricor<span class=\"_ _0\"></span>da che in data 21 febbraio<span class=\"_ _0\"></span> 2024, la controllat<span class=\"_ _0\"></span>a indiretta V<span class=\"_ _0\"></span>ita Srl ed il FIA Imm<span class=\"_ _0\"></span>obiliare GEM FUND (<span class=\"_ _1\"></span>ges<span class=\"_ _1\"></span>tito d<span class=\"_ _1\"></span>a Cast<span class=\"_ _1c\"></span>ello SGR)<span class=\"_ _1\"></span> ha<span class=\"_ _1\"></span>nno c<span class=\"_ _1\"></span>ostit<span class=\"_ _1\"></span>uito l<span class=\"_ _1\"></span>a soci<span class=\"_ _1c\"></span>et\u00e0 GEM H<span class=\"_ _1\"></span>ospi<span class=\"_ _1\"></span>tality<span class=\"_ _1\"></span> S.r<span class=\"_ _1\"></span>.l.. Ta<span class=\"_ _1\"></span>le soc<span class=\"_ _1\"></span>iet\u00e0<span class=\"_ _1\"></span>, accessoria<span class=\"_ _0\"></span> allo svolgimento dell\u2019<span class=\"_ _0\"></span>attivit\u00e0 del fondo ste<span class=\"_ _0\"></span>sso, non rientr<span class=\"_ _0\"></span>a nel perimetro del bilancio consolidato in<span class=\"_ _0\"></span> base a quanto previsto dal principio contabile<span class=\"_ _0\"></span> internazionale IFRS 10. <span class=\"ls1 ws1\"> </span>Tale<span class=\"_ _1\"></span> socie<span class=\"_ _1c\"></span>t\u00e0 \u00e8 consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>ta col<span class=\"_ _1\"></span>lega<span class=\"_ _1c\"></span>ta in qua<span class=\"_ _1\"></span>nto s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>osta a<span class=\"_ _1\"></span>d inf<span class=\"_ _1\"></span>luenza<span class=\"_ _1\"></span> not<span class=\"_ _1\"></span>evol<span class=\"_ _1\"></span>e e qui<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span> consolidata con la<span class=\"_ _0\"></span> metodologia del patrimon<span class=\"_ _0\"></span>io netto, secondo le prescrizioni de<span class=\"_ _0\"></span>llo IAS 28.<span class=\"_ _4ac\"> </span>2. Valutazioni e assun<span class=\"_ _1\"></span>zioni significative per determinare l\u2019are<span class=\"_ _1\"></span>a di consolidamento<span class=\"ls1 ws1\"> </span>Soci<span class=\"_ _1\"></span>et\u00e0 c<span class=\"_ _1\"></span>ontrol<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te<span class=\"ls1 ws1\"> </span>Sono consider<span class=\"_ _0\"></span>ate controllate le<span class=\"_ _0\"></span> imprese nelle quali Anim<span class=\"_ _0\"></span>a Holding \u00e8 esposta a ren<span class=\"_ _0\"></span>dimenti variabili, o<span class=\"_ _0\"></span> detiene diritti su tali ren<span class=\"_ _0\"></span>dimenti, derivanti dal propr<span class=\"_ _0\"></span>io rapporto con le stesse e, nel cont<span class=\"_ _1\"></span>empo<span class=\"_ _1\"></span>, ha l<span class=\"_ _1\"></span>a cap<span class=\"_ _1\"></span>aci<span class=\"_ _1\"></span>t\u00e0 d<span class=\"_ _1\"></span>i incid<span class=\"_ _1c\"></span>ere sui <span class=\"_ _1\"></span>rendi<span class=\"_ _1c\"></span>menti <span class=\"_ _1\"></span>eserc<span class=\"_ _1\"></span>itand<span class=\"_ _1c\"></span>o il<span class=\"ls1 ws1\"> <span class=\"ls0 ws0\">proprio potere su tali entit\u00e0.</span> </span>Il controllo pu\u00f2 configurar<span class=\"_ _0\"></span>si solamente con la presenza contemporanea dei seguent<span class=\"_ _0\"></span>i elementi:<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">il pot<span class=\"_ _0\"></span>ere di dirigere le attivit\u00e0<span class=\"_ _0\"></span> rilevanti della partecipata;</span><span class=\"ff1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws74\">l\u2019e<span class=\"_ _0\"></span>sposizione o i diritti a rendimenti variabili derivant<span class=\"_ _0\"></span>i dal rapporto con l\u2019entit\u00e0 oggetto di </span>inves<span class=\"_ _1c\"></span>timen<span class=\"_ _1\"></span>to;<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws86\">la capac<span class=\"_ _0\"></span>it\u00e0 di eser<span class=\"_ _0\"></span>citare il propr<span class=\"_ _0\"></span>io potere sull\u2019ent<span class=\"_ _0\"></span>it\u00e0 oggetto di investim<span class=\"_ _0\"></span>ento per incidere </span>sull<span class=\"_ _0\"></span>\u2019ammont<span class=\"_ _0\"></span>are de<span class=\"_ _0\"></span>i suoi rend<span class=\"_ _0\"></span>imenti.<span class=\"ls1 ws1\"> </span>Nello specifico il Gruppo Anima considera i seguenti fattori per valutare l\u2019es<span class=\"_ _0\"></span>istenza di controllo:<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws15\">lo s<span class=\"_ _0\"></span>copo e la struttura della parte<span class=\"_ _0\"></span>cipata </span><span class=\"ff1\">\u2013 <span class=\"ls0 ws15\">al fine di identificare gli obiettivi dell\u2019ent<span class=\"_ _0\"></span>it\u00e0, le sue </span></span>attivit\u00e0 r<span class=\"_ _0\"></span>ilevanti (ovvero que<span class=\"_ _0\"></span>lle che maggiormente ne<span class=\"_ _0\"></span> influenzano i rendimen<span class=\"_ _0\"></span>ti) e come tali attiv<span class=\"_ _1\"></span>it\u00e0 s<span class=\"_ _1c\"></span>ono gov<span class=\"_ _1\"></span>erna<span class=\"_ _1\"></span>te;<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws7f\">il pot<span class=\"_ _0\"></span>ere </span><span class=\"ff1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 ws29\">al <span class=\"_ _d\"></span><span class=\"ws7f\">fin<span class=\"_ _0\"></span>e di comprendere<span class=\"_ _0\"></span> se il Gruppo An<span class=\"_ _0\"></span>ima ha diritti c<span class=\"_ _0\"></span>ontrattuali che<span class=\"_ _0\"></span> attribuiscono </span></span></span>la capacit\u00e0<span class=\"_ _0\"></span> di dirigere le attivit\u00e0 rilev<span class=\"_ _0\"></span>anti;<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws9e\">l\u2019e<span class=\"_ _0\"></span>sposizione alla v<span class=\"_ _0\"></span>ariabilit\u00e0 dei rendimenti della par<span class=\"_ _0\"></span>tecipata </span><span class=\"ff1\">\u2013  <span class=\"ls0 ws9e\">al fine di valutare se il </span></span>rendi<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o perc<span class=\"_ _1c\"></span>epito dal<span class=\"_ _1\"></span> Gruppo A<span class=\"_ _1c\"></span>nima pu\u00f2<span class=\"_ _1\"></span> varia<span class=\"_ _1\"></span>re, in vi<span class=\"_ _1\"></span>a pot<span class=\"_ _1c\"></span>enziale, i<span class=\"_ _1\"></span>n funz<span class=\"_ _1\"></span>ione d<span class=\"_ _1c\"></span>ei risultat<span class=\"_ _0\"></span>i raggiunti dalla partecipat<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span>Dete<span class=\"_ _1\"></span>rminata l<span class=\"_ _1c\"></span>\u2019esiste<span class=\"_ _1\"></span>nza del<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>ollo, pe<span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span> val<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>tar<span class=\"_ _1\"></span>e se si op<span class=\"_ _1c\"></span>era come \u201c<span class=\"_ _1\"></span>princi<span class=\"_ _1\"></span>pale\u201d<span class=\"_ _1\"></span> o com<span class=\"_ _1\"></span>e \u201cag<span class=\"_ _1\"></span>ente\u201d<span class=\"_ _1\"></span>, il Gr<span class=\"_ _1c\"></span>uppo Ani<span class=\"_ _1c\"></span>ma pre<span class=\"_ _1\"></span>nde i<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>nside<span class=\"_ _1\"></span>raz<span class=\"_ _1\"></span>ione i<span class=\"_ _1\"></span> segu<span class=\"_ _1\"></span>enti f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tori:<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">il pot<span class=\"_ _0\"></span>ere decisionale sulla att<span class=\"_ _0\"></span>ivit\u00e0 rilevanti de<span class=\"_ _0\"></span>lla partecipata; </span><span class=\"ff1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">i dirit<span class=\"_ _0\"></span>ti detenuti da altri sogget<span class=\"_ _0\"></span>ti;</span><span class=\"ff1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 lsf ws1f\">la rem<span class=\"_ _1\"></span>unera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a c<span class=\"_ _1\"></span>ui i<span class=\"_ _1\"></span>l Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>ha di<span class=\"_ _1c\"></span>ritto;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 wse3\">l\u2019e<span class=\"_ _0\"></span>sposizione del Gruppo Anima alla variabilit<span class=\"_ _0\"></span>\u00e0 dei rendimenti derivanti dall\u2019eventu<span class=\"_ _0\"></span>ale </span>partecipazione detenuta nella partecipata.<span class=\"_ _4ac\"> </span><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs184\">L\u2019IFRS 10 ident<span class=\"_ _0\"></span>ifica come \u201cattivit\u00e0 rile<span class=\"_ _0\"></span>vanti\u201d solo le attivit\u00e0 che influen<span class=\"_ _0\"></span>zano significativamente i<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs185\">rendimenti della s<span class=\"_ _0\"></span>ociet\u00e0 partecipata.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs186\">In termini gener<span class=\"_ _0\"></span>ali, quando le attivit<span class=\"_ _0\"></span>\u00e0 rilevanti sono gestite attraver<span class=\"_ _0\"></span>so diritti di voto, i seguenti<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs187\">fatt<span class=\"_ _1\"></span>ori fo<span class=\"_ _1\"></span>rnisco<span class=\"_ _1c\"></span>no evid<span class=\"_ _1\"></span>enza d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1\"></span>o:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gs188\">a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls30 ws94\">poss<span class=\"_ _1\"></span>esso,<span class=\"_ _1\"></span> dir<span class=\"_ _1\"></span>ettame<span class=\"_ _1\"></span>nte <span class=\"_ _1c\"></span>o indir<span class=\"_ _1\"></span>ettame<span class=\"_ _1c\"></span>nte att<span class=\"_ _1\"></span>ravers<span class=\"_ _1c\"></span>o le pr<span class=\"_ _1\"></span>opri<span class=\"_ _1\"></span>e con<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>rol<span class=\"_ _1\"></span>late, d<span class=\"_ _1\"></span>i p<span class=\"_ _1\"></span>i\u00f9 del<span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>met\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls30 ws94\"><span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs189\">dei diritt<span class=\"_ _0\"></span>i di voto di una ent<span class=\"_ _0\"></span>it\u00e0 a meno che, in<span class=\"_ _0\"></span> casi eccezionali, po<span class=\"_ _0\"></span>ssa essere chiar<span class=\"_ _0\"></span>amente<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs18a\">dimos<span class=\"_ _1\"></span>trat<span class=\"_ _1\"></span>o che ta<span class=\"_ _1\"></span>le p<span class=\"_ _1\"></span>osses<span class=\"_ _1\"></span>so n<span class=\"_ _1\"></span>on co<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uisce c<span class=\"_ _1\"></span>ontrol<span class=\"_ _1\"></span>lo;<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs18b\">b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws76\">possesso della met\u00e0, o di una q<span class=\"_ _1\"></span>uota<span class=\"_ _0\"></span> inferiore, dei voti esercitabili in assemble<span class=\"_ _0\"></span>a e capacit\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws76\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs18c\">pratica<span class=\"_ _0\"></span> di governare unilateralmente le<span class=\"_ _0\"></span> attivit\u00e0 rilevanti attraver<span class=\"_ _0\"></span>so:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 fff fs0 fc0 sc0 ls1 ws1 gs18d\"><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws15\">il controllo<span class=\"_ _0\"></span> di pi\u00f9 della met\u00e0 dei diritti di voto in virt\u00f9 di un accordo con altri invest<span class=\"_ _0\"></span>itori;<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 fff fs0 fc0 sc0 ls1 ws1 gs18e\"><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws5f\">il potere di deter<span class=\"_ _0\"></span>minare le politiche fin<span class=\"_ _0\"></span>anziarie e operative dell\u2019ent<span class=\"_ _0\"></span>it\u00e0 in virt\u00f9 di clausole<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls0 ws5f\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs18f\">sta<span class=\"_ _1\"></span>tutari<span class=\"_ _1\"></span>e o di un co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>tto;<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 fff fs0 fc0 sc0 ls1 ws1 gs190\"><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls30 ws106\">il p<span class=\"_ _1\"></span>otere di <span class=\"_ _1\"></span>nomina<span class=\"_ _1c\"></span>re o di rim<span class=\"_ _1c\"></span>uovere la<span class=\"_ _1\"></span> magg<span class=\"_ _1\"></span>ioranz<span class=\"_ _1\"></span>a dei m<span class=\"_ _1c\"></span>embri del<span class=\"_ _1\"></span> consig<span class=\"_ _1\"></span>lio d<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls30 ws106\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs191\">ammi<span class=\"_ _1\"></span>nistraz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne o d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _1\"></span>equival<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> orga<span class=\"_ _1\"></span>no di g<span class=\"_ _1c\"></span>overno <span class=\"_ _1\"></span>socie<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _1\"></span>o;<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 fff fs0 fc0 sc0 ls1 ws1 gs192\"><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws99\">il potere<span class=\"_ _0\"></span> di esercitare la maggio<span class=\"_ _0\"></span>ranza dei diritti di vo<span class=\"_ _0\"></span>to nelle sedute<span class=\"_ _0\"></span> del consiglio di<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls0 ws99\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs193\">ammi<span class=\"_ _1\"></span>nistraz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne o d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _1\"></span>equival<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> orga<span class=\"_ _1\"></span>no di g<span class=\"_ _1c\"></span>overno <span class=\"_ _1\"></span>socie<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ari<span class=\"_ _1\"></span>o.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div>Per es<span class=\"_ _1\"></span>ercita<span class=\"_ _1c\"></span>re tali p<span class=\"_ _1c\"></span>oteri \u00e8 <span class=\"_ _1\"></span><span class=\"ls0 ws1e7\">necessar<span class=\"_ _0\"></span>io che i diritti vantati dal Gruppo Anima sull\u2019entit\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws1e7\"> </span>partecipat<span class=\"_ _0\"></span>a siano sostanziali;<span class=\"_ _0\"></span> per essere sostanziali t<span class=\"_ _0\"></span>ali diritt<span class=\"_ _0\"></span>i devono essere pratic<span class=\"_ _0\"></span>amente<span class=\"_ _4ac\"> </span> esercitabili qu<span class=\"_ _0\"></span>ando le decisioni sulle attivit<span class=\"_ _0\"></span>\u00e0 rilevanti devono essere prese.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>So<span class=\"_ _47c\"></span>ciet\u00e0 collegate<span class=\"_ _4ac\"> </span>Una so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 coll<span class=\"_ _1\"></span>egata<span class=\"_ _1\"></span> \u00e8 un\u2019i<span class=\"_ _1\"></span>mpre<span class=\"_ _1\"></span>sa nell<span class=\"_ _1\"></span>a qual<span class=\"_ _1\"></span>e la pa<span class=\"_ _1\"></span>rtecip<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>e eser<span class=\"_ _1\"></span>cita un<span class=\"_ _1\"></span>\u2019infl<span class=\"_ _1c\"></span>uenza no<span class=\"_ _1c\"></span>tevole e<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> che <span class=\"_ _1\"></span>non \u00e8 <span class=\"_ _1c\"></span>n\u00e9 cont<span class=\"_ _1\"></span>rolla<span class=\"_ _1c\"></span>ta in <span class=\"_ _1\"></span>manier<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>clus<span class=\"_ _1\"></span>iva n<span class=\"_ _1\"></span>\u00e9 co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1\"></span>ata i<span class=\"_ _1c\"></span>n modo c<span class=\"_ _1c\"></span>ongiu<span class=\"_ _1\"></span>nto. L<span class=\"_ _1\"></span>\u2019infl<span class=\"_ _1c\"></span>uenza<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> notevole si pre<span class=\"_ _0\"></span>sume in tutti i casi in<span class=\"_ _0\"></span> cui la Societ\u00e0 detiene il 20%<span class=\"ls1 ws1\"> </span>o <span class=\"_ _1\"></span>una quota superiore<span class=\"_ _0\"></span> dei diritti<span class=\"_ _4ac\"> </span> di voto e,<span class=\"_ _0\"></span> indipendentemente<span class=\"_ _0\"></span> dalla quota possedut<span class=\"_ _0\"></span>a, qualor<span class=\"_ _0\"></span>a sussista il potere di part<span class=\"_ _0\"></span>ecipare<span class=\"_ _4ac\"> </span> alle decis<span class=\"_ _0\"></span>ioni gestionali e fin<span class=\"_ _0\"></span>anziarie della partecipata,<span class=\"_ _0\"></span> in virt\u00f9 di particolari le<span class=\"_ _0\"></span>gami giuridici (i.e.<span class=\"_ _4ac\"> </span> patti parasociali) av<span class=\"ls0 ws0\">enti la fina<span class=\"_ _0\"></span>lit\u00e0 di assicurare la rappres<span class=\"_ _0\"></span>entativit\u00e0 negli organi di ge<span class=\"_ _0\"></span>stione e di<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws0\"> </span>salvaguar<span class=\"_ _0\"></span>dare l\u2019unitariet\u00e0 di indiriz<span class=\"_ _0\"></span>zo della gestione, senza tuttavia averne il contr<span class=\"_ _0\"></span>ollo.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Le pa<span class=\"_ _1c\"></span>rtecipa<span class=\"_ _1\"></span>zioni<span class=\"_ _1\"></span> in s<span class=\"_ _1c\"></span>ociet\u00e0 <span class=\"_ _1\"></span>coll<span class=\"_ _1\"></span>egat<span class=\"_ _1\"></span>e son<span class=\"_ _1\"></span>o val<span class=\"_ _1\"></span>utate <span class=\"_ _1\"></span>seco<span class=\"_ _1\"></span>ndo i<span class=\"_ _1\"></span>l met<span class=\"_ _1\"></span>odo <span class=\"_ _1c\"></span>del patri<span class=\"_ _1c\"></span>monio <span class=\"_ _1\"></span>netto<span class=\"_ _1c\"></span>. <span class=\"ls1 ws1\"> </span>3. Part<span class=\"_ _0\"></span>ecipazioni in soci<span class=\"_ _0\"></span>et\u00e0 control<span class=\"_ _0\"></span>late in via esclus<span class=\"_ _0\"></span>iva con interessenz<span class=\"_ _0\"></span>e di terzi<span class=\"_ _4ac\"> </span>significative<span class=\"_ _4ac\"> </span><table class=\"s w44e h436\" id=\"_aaff6bb2-ad7a-4159-b8c1-0a8a5917b024\"><tr><td class=\"t m0 x48c ha y3509 ff2 fs9 fc0 sc0 ls7a ws19c\">Denom<span class=\"_ _0\"></span>inaz<span class=\"_ _0\"></span>ione </td><td class=\"t m0 x48d ha y3509 ff2 fs9 fc0 sc0 ls1 ws19c\">Interessenze di </td><td class=\"t m0 x48e ha y3509 ff2 fs9 fc0 sc0 ls77 ws19a\">Dispon<span class=\"_ _0\"></span>ibilit<span class=\"_ _0\"></span>\u00e0 </td><td class=\"t m0 x48f ha y350a ff2 fs9 fc0 sc0 ls77 ws19a\">Divide<span class=\"_ _0\"></span>ndi </td></tr><tr><td class=\"t m0 x48c ha y350b ff2 fs9 fc0 sc0 ls79 ws1a9\">impres<span class=\"_ _1\"></span>a<span class=\"ls1 ws1\"> </span></td><td class=\"t m0 x48d ha y350b ffd fs9 fc0 sc0 ls1 ws1\">terzi (%)<span class=\"ff2\"> </span></td><td class=\"t m0 x48e ha y350b ffd fs9 fc0 sc0 ls77 ws19a\">voti d<span class=\"_ _0\"></span>ei terz<span class=\"_ _0\"></span>i (%)<span class=\"_ _0\"></span><span class=\"ff2 ls1 ws1\"> </span></td><td class=\"t m0 x48f ha y350c ff2 fs9 fc0 sc0 ls77 ws1c7\">distrib<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>i ai terzi </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x48f ha y350d ff2 fs9 fc0 sc0 ls77 ws1c7\">(migli<span class=\"_ _0\"></span>aia d<span class=\"_ _0\"></span>i Euro)<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></td></tr><tr><td class=\"c x490 y350e w111 h8c\"><div class=\"t m0 xba ha y1079 ff1 fs9 fc0 sc0 ls7c ws1\">Castel<span class=\"_ _1\"></span>lo SGR S.p.<span class=\"_ _1\"></span>A. </div></td><td class=\"c x491 y350e w112 h8c\"><div class=\"t m0 xa1 ha y1079 ff1 fs9 fc0 sc0 ls7a ws19c\">20%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x492 y350e w113 h8c\"><div class=\"t m0 xc0 ha y1079 ff1 fs9 fc0 sc0 ls7a ws19c\">20%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x493 y350e w114 h8c\"><div class=\"t m0 x173 ha y1079 ff1 fs9 fc0 sc0 ls1 ws19c\"> <span class=\"ws1\">-</span><span class=\"ws1\"><span class=\"ws1f9\"> </span></span></div></td></tr><tr><td class=\"c x490 y350f w111 h8d\"><div class=\"t m0 xba ha y1079 ff1 fs9 fc0 sc0 ls73 ws1f8\">Vita S.r.l.<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x491 y350f w112 h8d\"><div class=\"t m0 x105 ha y1079 ff1 fs9 fc0 sc0 ls8e ws1f9\">39,1<span class=\"_ _1\"></span>6%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x492 y350f w113 h8d\"><div class=\"t m0 x4b ha y1079 ff1 fs9 fc0 sc0 ls8e ws1f9\">39,1<span class=\"_ _1\"></span>6%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x493 y350f w114 h8d\"><div class=\"t m0 x173 ha y1079 ff1 fs9 fc0 sc0 ls1 ws19c\"> <span class=\"ws1\">-</span><span class=\"ws1\"><span class=\"ws1f9\"> </span></span></div></td></tr></table>Rispetto al 31<span class=\"_ _0\"></span> dicembre 2024, in rela<span class=\"_ _0\"></span>zione alle interessenze<span class=\"_ _0\"></span> di terzi significative,<span class=\"_ _0\"></span> non si<span class=\"_ _4ac\"> </span> segnalano var<span class=\"_ _0\"></span>iazioni. <span class=\"ls1 ws1\"> </span>Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span>Tota<span class=\"_ _1\"></span>le Atti<span class=\"_ _1c\"></span>vo<span class=\"_ _4ac\"> </span>T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivo<span class=\"_ _4ac\"> </span>Patr<span class=\"_ _1\"></span>imo<span class=\"_ _1c\"></span>nio<span class=\"_ _1c\"></span> Netto<span class=\"_ _4ac\"> </span>Utile<span class=\"_ _0\"></span>/Pe<span class=\"_ _0\"></span>rdit<span class=\"_ _0\"></span>a d'es<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span>Margine commiss<span class=\"_ _0\"></span>ionale<span class=\"_ _4ac\"> </span>C<span class=\"_ _4ac\"> </span>astello SG<span class=\"_ _0\"></span>R S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span>37.<span class=\"_ _0\"></span>496<span class=\"_ _4ac\"> </span>37.496<span class=\"_ _4ac\"> </span>23.020<span class=\"_ _4ac\"> </span>3.515<span class=\"_ _4ac\"> </span>21.596<span class=\"_ _4ac\"> </span>Vita S.r.l.<span class=\"_ _4ac\"> </span>11.017<span class=\"_ _4ac\"> </span>11.017<span class=\"_ _4ac\"> </span>3.216<span class=\"_ _4ac\"> </span>15<span class=\"_ _4ac\"> </span>I d<span class=\"_ _4ac\"> </span>ati riportati in t<span class=\"_ _0\"></span>abella si riferiscono a in<span class=\"_ _0\"></span>formazioni estratte dai bilanci d\u2019e<span class=\"_ _0\"></span>sercizio chiusi al 31<span class=\"_ _4ac\"> </span> dicemb<span class=\"_ _1c\"></span>re 2025.<span class=\"_ _4ac\"> </span>4. <span class=\"ls42 ws5\">Restrizioni significative<span class=\"_ _4ac\"> </span></span>Il Gruppo ritiene di non avere<span class=\"_ _0\"></span> vincoli di natura statuaria, parasoc<span class=\"_ _0\"></span>iale o regolamentare che<span class=\"_ _4ac\"> </span>impediscano o limit<span class=\"_ _0\"></span>ino la sua capacit\u00e0 di accedere alle attivit<span class=\"_ _0\"></span>\u00e0 o di regolare le passivit\u00e0<span class=\"_ _4ac\"> </span>.<span class=\"_ _4ac\"> </span>5. Al<span class=\"_ _1\"></span>tre i<span class=\"_ _1\"></span>nform<span class=\"_ _1c\"></span>azioni<span class=\"_ _4ac\"> </span>Nella redazione del Bilancio consolidat<span class=\"_ _0\"></span>o sono stati utilizzati principi con<span class=\"_ _0\"></span>tabili omogenei sulla<span class=\"_ _4ac\"> </span>base dei bilanci al 31 dic<span class=\"_ _0\"></span>embre 2025 approvati dai rispett<span class=\"_ _0\"></span>ivi Consigli di Amministr<span class=\"_ _0\"></span>azione delle<span class=\"_ _4ac\"> </span>soc<span class=\"_ _0\"></span>iet\u00e0 integra<span class=\"_ _0\"></span>lmente cons<span class=\"_ _0\"></span>olidate.<span class=\"_ _0\"></span> Tutte le<span class=\"_ _0\"></span> societ\u00e0<span class=\"_ _0\"></span> consolidate<span class=\"ls1 ws1\"> <span class=\"lsf ws8e\">ad<span class=\"_ _1\"></span>otta<span class=\"_ _1\"></span>no l\u2019E<span class=\"_ _1c\"></span>uro qua<span class=\"_ _1\"></span>le m<span class=\"_ _1\"></span>oneta<span class=\"_ _1\"></span> di<span class=\"_ _4ac\"> </span></span></span>conto funzionale. Non risu<span class=\"_ _0\"></span>ltano bilanci di societ\u00e0 controllate utilizzat<span class=\"_ _0\"></span>i per la redazione del<span class=\"_ _4ac\"> </span>Bilancio consolidato<span class=\"_ _0\"></span> che hanno come data di <span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span>iferimento una data diversa da quella del Bilancio<span class=\"_ _4ac\"> </span>conso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>o stesso.<span class=\"_ _4ac\"> </span>Tra le co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>llate po<span class=\"_ _0\"></span>ssono<span class=\"_ _0\"></span> essere r<span class=\"_ _0\"></span>icompre<span class=\"_ _0\"></span>se anch<span class=\"_ _0\"></span>e le cosi<span class=\"_ _0\"></span>ddette \u201c<span class=\"_ _0\"></span>entit\u00e0 st<span class=\"_ _0\"></span>rutt<span class=\"_ _0\"></span>urate<span class=\"_ _0\"></span>\u201d, nel<span class=\"_ _0\"></span>le quali<span class=\"_ _4ac\"> </span>i diritt<span class=\"_ _0\"></span>i di voto non sono signific<span class=\"_ _0\"></span>ativi ai fini della s<span class=\"_ _0\"></span>ussistenza del controllo<span class=\"_ _0\"></span>, ivi incluse<span class=\"_ _0\"></span> societ\u00e0 o<span class=\"_ _4ac\"> </span>entit\u00e0 a destinazione specifica (\u201cspecial purpose ent<span class=\"ls0 ws0\">ities\u201d) e fon<span class=\"_ _0\"></span>di di investimento.<span class=\"_ _4ac\"> </span></span>I fondi di inve<span class=\"_ _0\"></span>stimento gestiti dalle<span class=\"_ _0\"></span> societ\u00e0 del Gruppo sono<span class=\"_ _0\"></span> considerati controllat<span class=\"_ _0\"></span>i qualora il Gruppo sia e<span class=\"_ _0\"></span>sposto in misura significa<span class=\"_ _0\"></span>tiva alla varia<span class=\"_ _0\"></span>bilit\u00e0 dei ren<span class=\"_ _0\"></span>dimenti e nel caso in cu<span class=\"_ _0\"></span>i gli investitori ter<span class=\"_ _0\"></span>zi non abbiano diritti di rimoz<span class=\"_ _0\"></span>ione della socie<span class=\"ls35 ws5c\">t\u00e0 di ge<span class=\"_ _0\"></span>stione.<span class=\"ls1 ws1\"> </span></span>Con <span class=\"_ _1\"></span>rife<span class=\"_ _1\"></span>rimen<span class=\"_ _1c\"></span>to al 3<span class=\"_ _1\"></span>1 di<span class=\"_ _1\"></span>cemb<span class=\"_ _1\"></span>re 2<span class=\"_ _1c\"></span>025 non<span class=\"_ _1\"></span> risu<span class=\"_ _1\"></span>ltan<span class=\"_ _1\"></span>o fo<span class=\"_ _1\"></span>ndi c<span class=\"_ _1c\"></span>omuni<span class=\"_ _1\"></span> di i<span class=\"_ _1\"></span>nves<span class=\"_ _1\"></span>time<span class=\"_ _1\"></span>nto d<span class=\"_ _1c\"></span>a considerarsi <span class=\"_ _0\"></span>entit\u00e0 contr<span class=\"_ _0\"></span>ollate. Metodi di consolidamento<span class=\"ls1 ws1\"> </span>Consolidamento<span class=\"_ _0\"></span> integrale<span class=\"ls1 ws1\"> </span>Il consolidamento<span class=\"_ _0\"></span> integrale consiste<span class=\"_ _0\"></span> nell\u2019acquisizione<span class=\"_ _0\"></span> \u201clinea per line<span class=\"_ _0\"></span>a\u201d degli aggregati di st<span class=\"_ _0\"></span>ato patrimoniale e di conto economico delle so<span class=\"_ _0\"></span>ciet\u00e0 controllate. Il valore delle partec<span class=\"_ _0\"></span>ipazioni \u00e8 annullato<span class=\"_ _0\"></span> in contropartita al valo<span class=\"_ _0\"></span>re del patr<span class=\"_ _0\"></span>imonio delle contro<span class=\"ls30 wse7\">llate, <span class=\"_ _1\"></span>attri<span class=\"_ _1\"></span>bue<span class=\"_ _1\"></span>ndo ai t<span class=\"_ _1\"></span>erzi, se<span class=\"_ _1c\"></span> </span>pres<span class=\"_ _1\"></span>enti, l<span class=\"_ _1\"></span>e quo<span class=\"_ _1\"></span>te di<span class=\"_ _1\"></span> lor<span class=\"_ _1\"></span>o perti<span class=\"_ _1c\"></span>nenza del<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rimoni<span class=\"_ _1c\"></span>o e del <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>tato ec<span class=\"_ _1c\"></span>onomic<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span>Le dif<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nze <span class=\"_ _1\"></span>risulta<span class=\"_ _1c\"></span>nti da q<span class=\"_ _1\"></span>uesta <span class=\"_ _1\"></span>opera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, se <span class=\"_ _1\"></span>posi<span class=\"_ _1\"></span>tive, s<span class=\"_ _1\"></span>ono ri<span class=\"_ _1\"></span>lev<span class=\"_ _1\"></span>ate <span class=\"ls1 ws1\">\u2013 <span class=\"_ _20\"> </span><span class=\"ls1d ws241\">dopo l\u2019e<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>uale </span></span>imputazione ad e<span class=\"_ _0\"></span>lementi dell\u2019<span class=\"_ _0\"></span>attivo o del passivo<span class=\"_ _0\"></span> della contro<span class=\"_ _0\"></span>llata <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1e\"> </span><span class=\"lsf ws1cc\">nella<span class=\"_ _1\"></span> voce A<span class=\"_ _1c\"></span>ttivit\u00e0<span class=\"_ _1c\"></span> </span></span>immateriali come<span class=\"_ _0\"></span> avviamento o come altre att<span class=\"_ _0\"></span>ivit\u00e0 intangibili. Le differ<span class=\"_ _0\"></span>e<span class=\"ls1c ws150\">nze neg<span class=\"_ _1\"></span>ative s<span class=\"_ _1\"></span>ono </span>imput<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>l conto<span class=\"_ _0\"></span> economico.<span class=\"ls1 ws1\"> </span>Gli import<span class=\"_ _0\"></span>i riferiti ad at<span class=\"_ _0\"></span>tivit\u00e0, pas<span class=\"_ _0\"></span>sivit\u00e0, provent<span class=\"_ _0\"></span>i ed oneri tra<span class=\"_ _0\"></span> imprese consolidate<span class=\"_ _0\"></span> vengono integ<span class=\"_ _1c\"></span>ralmen<span class=\"_ _1\"></span>te elimi<span class=\"_ _1c\"></span>nati.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le acquisizioni di societ\u00e0 sono contabilizzat<span class=\"_ _0\"></span>e secondo il \u201cmetodo dell\u2019acquisizione\u201d previsto dall\u2019IFRS<span class=\"_ _0\"></span> 3, cos\u00ec come modificato<span class=\"_ _0\"></span> dal Regolamento 495/2009,<span class=\"_ _0\"></span> in base al quale le<span class=\"_ _0\"></span> attivit\u00e0 identificabili ac<span class=\"_ _0\"></span>quisite e le passivit\u00e0 identificabili assunte (comprese quelle potenziali) de<span class=\"_ _0\"></span>vono essere rilevate ai rispettiv<span class=\"_ _0\"></span>i fair value alla data di acquisizione. Inoltre, per ogni aggregazione aziendale,<span class=\"_ _0\"></span> eventuali quote di minoranza nella societ\u00e0 acquisita possono essere<span class=\"_ _0\"></span> rilevate al fair value o in proporzione alla quota d<span class=\"wsa7\">ella <span class=\"_ _0\"></span>partecipazione <span class=\"_ _0\"></span>di minoranza nelle<span class=\"_ _0\"></span> attivit\u00e0 n<span class=\"_ _0\"></span>ette </span>identificabili de<span class=\"_ _0\"></span>lle societ\u00e0 acquisite. L\u2019e<span class=\"_ _0\"></span>ventuale eccedenza del corrispettivo tra<span class=\"_ _0\"></span>sferito <span class=\"ls1 ws1\">- </span>rappresentato<span class=\"_ _0\"></span> dal fair value delle attivit\u00e0 cedute,<span class=\"_ _0\"></span> delle passivit\u00e0 sostenute<span class=\"_ _0\"></span>, degli strumenti di capitale em<span class=\"_ _0\"></span><span class=\"ws65\">essi e della eventuale rileva<span class=\"_ _0\"></span>zione al fair value delle quote di minoranza ris<span class=\"_ _0\"></span>petto al<span class=\"_ _4ac\"> </span></span>fair value<span class=\"_ _0\"></span> delle attivit<span class=\"_ _0\"></span>\u00e0 e passivit\u00e0 acquisite<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- </span>viene rilev<span class=\"_ _0\"></span>ata come avviamento; qua<span class=\"_ _0\"></span>lora il prezzo risul<span class=\"_ _1\"></span>ti inf<span class=\"_ _1\"></span>erior<span class=\"_ _1\"></span>e, la<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erenza<span class=\"_ _1\"></span> viene<span class=\"_ _1c\"></span> imputata<span class=\"_ _1\"></span> a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>conomi<span class=\"_ _1c\"></span>co.<span class=\"ls1 ws1\"> </span>Il \u201cmetodo<span class=\"_ _0\"></span> dell\u2019acquisizione\u201d viene applicat<span class=\"_ _0\"></span>o a partire dalla data dell\u2019acqu<span class=\"_ _0\"></span>isizione, ossia dal mom<span class=\"_ _1\"></span>ento i<span class=\"_ _1c\"></span>n cui s<span class=\"_ _1\"></span>i o<span class=\"_ _1\"></span>ttie<span class=\"_ _1\"></span>ne eff<span class=\"_ _1c\"></span>ettiva<span class=\"_ _1\"></span>mente<span class=\"_ _1c\"></span> il co<span class=\"_ _1\"></span>ntrol<span class=\"_ _1\"></span>lo d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>soci<span class=\"_ _1\"></span>et\u00e0 a<span class=\"_ _1c\"></span>cquisi<span class=\"_ _1\"></span>ta. P<span class=\"_ _1\"></span>erta<span class=\"_ _1\"></span>nto, i<span class=\"_ _1c\"></span> risul<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> economici di una controllat<span class=\"_ _0\"></span>a acquisita nel corso del period<span class=\"ls35 wsd2\">o di riferiment<span class=\"_ _0\"></span>o sono inclu<span class=\"_ _0\"></span>si nel </span>Bilancio consolidat<span class=\"_ _0\"></span>o a partire dalla dat<span class=\"_ _0\"></span>a della sua acquisizione. Pariment<span class=\"_ _0\"></span>i, i risultati economici di una controllata ceduta sono inclusi nel Bilancio consolidat<span class=\"_ _0\"></span>o fino alla data in cui il controllo \u00e8 cessato.<span class=\"ls1 ws1\"> </span>La differenza tr<span class=\"_ _0\"></span>a il corrispettivo<span class=\"_ _0\"></span> di cessione e il valore cont<span class=\"_ _0\"></span>abile alla data di dismiss<span class=\"_ _0\"></span>ione \u00e8 rilevata nel<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-642": {
   "value": "<div class=\"t m0 h2 ff2 fs0 fc0 sc0 lse wsed gs195\">3. Part<span class=\"_ _0\"></span>ecipazioni in soci<span class=\"_ _0\"></span>et\u00e0 control<span class=\"_ _0\"></span>late in via esclus<span class=\"_ _0\"></span>iva con interessenz<span class=\"_ _0\"></span>e di terzi<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws2 gs196\">significative<span class=\"_ _4ac\"> </span></div><div class=\"gs197\"><table class=\"s w44e h436\" id=\"_aaff6bb2-ad7a-4159-b8c1-0a8a5917b024\"><tr><td class=\"t m0 x48c ha y3509 ff2 fs9 fc0 sc0 ls7a ws19c\">Denom<span class=\"_ _0\"></span>inaz<span class=\"_ _0\"></span>ione </td><td class=\"t m0 x48d ha y3509 ff2 fs9 fc0 sc0 ls1 ws19c\">Interessenze di </td><td class=\"t m0 x48e ha y3509 ff2 fs9 fc0 sc0 ls77 ws19a\">Dispon<span class=\"_ _0\"></span>ibilit<span class=\"_ _0\"></span>\u00e0 </td><td class=\"t m0 x48f ha y350a ff2 fs9 fc0 sc0 ls77 ws19a\">Divide<span class=\"_ _0\"></span>ndi </td></tr><tr><td class=\"t m0 x48c ha y350b ff2 fs9 fc0 sc0 ls79 ws1a9\">impres<span class=\"_ _1\"></span>a<span class=\"ls1 ws1\"> </span></td><td class=\"t m0 x48d ha y350b ffd fs9 fc0 sc0 ls1 ws1\">terzi (%)<span class=\"ff2\"> </span></td><td class=\"t m0 x48e ha y350b ffd fs9 fc0 sc0 ls77 ws19a\">voti d<span class=\"_ _0\"></span>ei terz<span class=\"_ _0\"></span>i (%)<span class=\"_ _0\"></span><span class=\"ff2 ls1 ws1\"> </span></td><td class=\"t m0 x48f ha y350c ff2 fs9 fc0 sc0 ls77 ws1c7\">distrib<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>i ai terzi </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x48f ha y350d ff2 fs9 fc0 sc0 ls77 ws1c7\">(migli<span class=\"_ _0\"></span>aia d<span class=\"_ _0\"></span>i Euro)<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></td></tr><tr><td class=\"c x490 y350e w111 h8c\"><div class=\"t m0 xba ha y1079 ff1 fs9 fc0 sc0 ls7c ws1\">Castel<span class=\"_ _1\"></span>lo SGR S.p.<span class=\"_ _1\"></span>A. </div></td><td class=\"c x491 y350e w112 h8c\"><div class=\"t m0 xa1 ha y1079 ff1 fs9 fc0 sc0 ls7a ws19c\">20%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x492 y350e w113 h8c\"><div class=\"t m0 xc0 ha y1079 ff1 fs9 fc0 sc0 ls7a ws19c\">20%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x493 y350e w114 h8c\"><div class=\"t m0 x173 ha y1079 ff1 fs9 fc0 sc0 ls1 ws19c\"> <span class=\"ws1\">-</span><span class=\"ws1\"><span class=\"ws1f9\"> </span></span></div></td></tr><tr><td class=\"c x490 y350f w111 h8d\"><div class=\"t m0 xba ha y1079 ff1 fs9 fc0 sc0 ls73 ws1f8\">Vita S.r.l.<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x491 y350f w112 h8d\"><div class=\"t m0 x105 ha y1079 ff1 fs9 fc0 sc0 ls8e ws1f9\">39,1<span class=\"_ _1\"></span>6%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x492 y350f w113 h8d\"><div class=\"t m0 x4b ha y1079 ff1 fs9 fc0 sc0 ls8e ws1f9\">39,1<span class=\"_ _1\"></span>6%<span class=\"ls1 ws1\"> </span></div></td><td class=\"c x493 y350f w114 h8d\"><div class=\"t m0 x173 ha y1079 ff1 fs9 fc0 sc0 ls1 ws19c\"> <span class=\"ws1\">-</span><span class=\"ws1\"><span class=\"ws1f9\"> </span></span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws75 gs198\">Ris</div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws75 gs199\">petto al 31<span class=\"_ _0\"></span> dicembre 2024, in rela<span class=\"_ _0\"></span>zione alle interessenze<span class=\"_ _0\"></span> di terzi significative,<span class=\"_ _0\"></span> non si<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs19a\">segnalano var<span class=\"_ _0\"></span>iazioni. <span class=\"ls1 ws1\"> </span></div><div class=\"gs19b\"><table class=\"s w43e h435\" id=\"_326a4c7f-6b34-43d9-812d-06ee7a623b5e\"><tr><td class=\"c x212 y3507 w43f h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls118 ws333\">Denom<span class=\"_ _0\"></span>inazione<span class=\"_ _0\"></span> imp<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47a y3507 w440 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls119 ws334\">Tota<span class=\"_ _1\"></span>le Atti<span class=\"_ _1c\"></span>vo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47b y3507 w441 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls11a ws335\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47c y3507 w442 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls119 ws334\">Patr<span class=\"_ _1\"></span>imo<span class=\"_ _1c\"></span>nio<span class=\"_ _1c\"></span> Netto<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47d y3507 w443 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls11b ws336\">Utile<span class=\"_ _0\"></span>/Pe<span class=\"_ _0\"></span>rdit<span class=\"_ _0\"></span>a d'es<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x47e y3507 w444 h431\"><div class=\"t m16 x1fa h133 y3506 ff2 fs22 fc0 sc0 ls11b ws336\">Margine commiss<span class=\"_ _0\"></span>ionale<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x480 y3508 w445 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11c ws337\">C<span class=\"_ _4ac\"> </span></div><div class=\"t m16 x47f h133 y3506 ff1 fs22 fc0 sc0 ls11c ws337\">astello SG<span class=\"_ _0\"></span>R S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x481 y3508 w446 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">37.<span class=\"_ _0\"></span>496<span class=\"_ _4ac\"> </span></div></td><td class=\"c x482 y3508 w447 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">37.496<span class=\"_ _4ac\"> </span></div></td><td class=\"c x483 y3508 w448 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">23.020<span class=\"_ _4ac\"> </span></div></td><td class=\"c x484 y3508 w449 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">3.515<span class=\"_ _4ac\"> </span></div></td><td class=\"c x485 y3508 w44a h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">21.596<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x480 y345e w44b h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11c ws337\">Vita S.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x486 y345e w447 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">11.017<span class=\"_ _4ac\"> </span></div></td><td class=\"c x487 y345e w448 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">11.017<span class=\"_ _4ac\"> </span></div></td><td class=\"c x488 y345e w449 h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">3.216<span class=\"_ _4ac\"> </span></div></td><td class=\"c x489 y345e w44c h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls11d ws338\">15<span class=\"_ _4ac\"> </span></div></td><td class=\"c x48a y345e w44d h431\"><div class=\"t m16 x1fa h133 y3506 ff1 fs22 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs19c\">I d<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs19d\">ati riportati in t<span class=\"_ _0\"></span>abella si riferiscono a in<span class=\"_ _0\"></span>formazioni estratte dai bilanci d\u2019e<span class=\"_ _0\"></span>sercizio chiusi al 31<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs19e\">dicemb<span class=\"_ _1c\"></span>re 2025.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div>Metodi di consolidamento<span class=\"ls1 ws1\"> </span>Consolidamento<span class=\"_ _0\"></span> integrale<span class=\"ls1 ws1\"> </span>Il consolidamento<span class=\"_ _0\"></span> integrale consiste<span class=\"_ _0\"></span> nell\u2019acquisizione<span class=\"_ _0\"></span> \u201clinea per line<span class=\"_ _0\"></span>a\u201d degli aggregati di st<span class=\"_ _0\"></span>ato patrimoniale e di conto economico delle so<span class=\"_ _0\"></span>ciet\u00e0 controllate. Il valore delle partec<span class=\"_ _0\"></span>ipazioni \u00e8 annullato<span class=\"_ _0\"></span> in contropartita al valo<span class=\"_ _0\"></span>re del patr<span class=\"_ _0\"></span>imonio delle contro<span class=\"ls30 wse7\">llate, <span class=\"_ _1\"></span>attri<span class=\"_ _1\"></span>bue<span class=\"_ _1\"></span>ndo ai t<span class=\"_ _1\"></span>erzi, se<span class=\"_ _1c\"></span> </span>pres<span class=\"_ _1\"></span>enti, l<span class=\"_ _1\"></span>e quo<span class=\"_ _1\"></span>te di<span class=\"_ _1\"></span> lor<span class=\"_ _1\"></span>o perti<span class=\"_ _1c\"></span>nenza del<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rimoni<span class=\"_ _1c\"></span>o e del <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>tato ec<span class=\"_ _1c\"></span>onomic<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span>Le dif<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nze <span class=\"_ _1\"></span>risulta<span class=\"_ _1c\"></span>nti da q<span class=\"_ _1\"></span>uesta <span class=\"_ _1\"></span>opera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, se <span class=\"_ _1\"></span>posi<span class=\"_ _1\"></span>tive, s<span class=\"_ _1\"></span>ono ri<span class=\"_ _1\"></span>lev<span class=\"_ _1\"></span>ate <span class=\"ls1 ws1\">\u2013 <span class=\"_ _20\"> </span><span class=\"ls1d ws241\">dopo l\u2019e<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>uale </span></span>imputazione ad e<span class=\"_ _0\"></span>lementi dell\u2019<span class=\"_ _0\"></span>attivo o del passivo<span class=\"_ _0\"></span> della contro<span class=\"_ _0\"></span>llata <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1e\"> </span><span class=\"lsf ws1cc\">nella<span class=\"_ _1\"></span> voce A<span class=\"_ _1c\"></span>ttivit\u00e0<span class=\"_ _1c\"></span> </span></span>immateriali come<span class=\"_ _0\"></span> avviamento o come altre att<span class=\"_ _0\"></span>ivit\u00e0 intangibili. Le differ<span class=\"_ _0\"></span>e<span class=\"ls1c ws150\">nze neg<span class=\"_ _1\"></span>ative s<span class=\"_ _1\"></span>ono </span>imput<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>l conto<span class=\"_ _0\"></span> economico.<span class=\"ls1 ws1\"> </span>Gli import<span class=\"_ _0\"></span>i riferiti ad at<span class=\"_ _0\"></span>tivit\u00e0, pas<span class=\"_ _0\"></span>sivit\u00e0, provent<span class=\"_ _0\"></span>i ed oneri tra<span class=\"_ _0\"></span> imprese consolidate<span class=\"_ _0\"></span> vengono integ<span class=\"_ _1c\"></span>ralmen<span class=\"_ _1\"></span>te elimi<span class=\"_ _1c\"></span>nati.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le acquisizioni di societ\u00e0 sono contabilizzat<span class=\"_ _0\"></span>e secondo il \u201cmetodo dell\u2019acquisizione\u201d previsto dall\u2019IFRS<span class=\"_ _0\"></span> 3, cos\u00ec come modificato<span class=\"_ _0\"></span> dal Regolamento 495/2009,<span class=\"_ _0\"></span> in base al quale le<span class=\"_ _0\"></span> attivit\u00e0 identificabili ac<span class=\"_ _0\"></span>quisite e le passivit\u00e0 identificabili assunte (comprese quelle potenziali) de<span class=\"_ _0\"></span>vono essere rilevate ai rispettiv<span class=\"_ _0\"></span>i fair value alla data di acquisizione. Inoltre, per ogni aggregazione aziendale,<span class=\"_ _0\"></span> eventuali quote di minoranza nella societ\u00e0 acquisita possono essere<span class=\"_ _0\"></span> rilevate al fair value o in proporzione alla quota d<span class=\"wsa7\">ella <span class=\"_ _0\"></span>partecipazione <span class=\"_ _0\"></span>di minoranza nelle<span class=\"_ _0\"></span> attivit\u00e0 n<span class=\"_ _0\"></span>ette </span>identificabili de<span class=\"_ _0\"></span>lle societ\u00e0 acquisite. L\u2019e<span class=\"_ _0\"></span>ventuale eccedenza del corrispettivo tra<span class=\"_ _0\"></span>sferito <span class=\"ls1 ws1\">- </span>rappresentato<span class=\"_ _0\"></span> dal fair value delle attivit\u00e0 cedute,<span class=\"_ _0\"></span> delle passivit\u00e0 sostenute<span class=\"_ _0\"></span>, degli strumenti di capitale em<span class=\"_ _0\"></span><span class=\"ws65\">essi e della eventuale rileva<span class=\"_ _0\"></span>zione al fair value delle quote di minoranza ris<span class=\"_ _0\"></span>petto al<span class=\"_ _4ac\"> </span></span>fair value<span class=\"_ _0\"></span> delle attivit<span class=\"_ _0\"></span>\u00e0 e passivit\u00e0 acquisite<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- </span>viene rilev<span class=\"_ _0\"></span>ata come avviamento; qua<span class=\"_ _0\"></span>lora il prezzo risul<span class=\"_ _1\"></span>ti inf<span class=\"_ _1\"></span>erior<span class=\"_ _1\"></span>e, la<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erenza<span class=\"_ _1\"></span> viene<span class=\"_ _1c\"></span> imputata<span class=\"_ _1\"></span> a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>conomi<span class=\"_ _1c\"></span>co.<span class=\"ls1 ws1\"> </span>Il \u201cmetodo<span class=\"_ _0\"></span> dell\u2019acquisizione\u201d viene applicat<span class=\"_ _0\"></span>o a partire dalla data dell\u2019acqu<span class=\"_ _0\"></span>isizione, ossia dal mom<span class=\"_ _1\"></span>ento i<span class=\"_ _1c\"></span>n cui s<span class=\"_ _1\"></span>i o<span class=\"_ _1\"></span>ttie<span class=\"_ _1\"></span>ne eff<span class=\"_ _1c\"></span>ettiva<span class=\"_ _1\"></span>mente<span class=\"_ _1c\"></span> il co<span class=\"_ _1\"></span>ntrol<span class=\"_ _1\"></span>lo d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>soci<span class=\"_ _1\"></span>et\u00e0 a<span class=\"_ _1c\"></span>cquisi<span class=\"_ _1\"></span>ta. P<span class=\"_ _1\"></span>erta<span class=\"_ _1\"></span>nto, i<span class=\"_ _1c\"></span> risul<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> economici di una controllat<span class=\"_ _0\"></span>a acquisita nel corso del period<span class=\"ls35 wsd2\">o di riferiment<span class=\"_ _0\"></span>o sono inclu<span class=\"_ _0\"></span>si nel </span>Bilancio consolidat<span class=\"_ _0\"></span>o a partire dalla dat<span class=\"_ _0\"></span>a della sua acquisizione. Pariment<span class=\"_ _0\"></span>i, i risultati economici di una controllata ceduta sono inclusi nel Bilancio consolidat<span class=\"_ _0\"></span>o fino alla data in cui il controllo \u00e8 cessato.<span class=\"ls1 ws1\"> </span>La differenza tr<span class=\"_ _0\"></span>a il corrispettivo<span class=\"_ _0\"></span> di cessione e il valore cont<span class=\"_ _0\"></span>abile alla data di dismiss<span class=\"_ _0\"></span>ione \u00e8 rilevata nel<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span>Sezione 12 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>atrimoni<span class=\"_ _0\"></span>o di pe<span class=\"_ _0\"></span>rtinen<span class=\"_ _0\"></span>za di terz<span class=\"_ _0\"></span>i </span>\u2013 </span>Voci 180<span class=\"ff1 fs0 ls1 ws1\"> </span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lla v<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> 1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> \u201cP<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>i t<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span><table class=\"s w8ca h489\" id=\"_483d9665-a189-4f85-89ad-c60091e7ca3d\"><tr><td class=\"c x405 y372a w178 h203\"><div class=\"t m4a x24 h204 y1e72 ff1 fs55 fc0 sc0 ls276 ws523\">Voc<span class=\"_ _0\"></span>i/Valori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b6 y372b w8cb h453\"><div class=\"t m4a x1fa h204 y35c1 ff2 fs55 fc0 sc0 ls277 ws524\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b7 y372b w8cc h453\"><div class=\"t m4a x1fa h204 y35c1 ff2 fs55 fc0 sc0 ls277 ws525\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y372c w8cd h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws526\">5. Ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b8 y372c w8ce h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">16.588<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b9 y372c w8cf h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">16.670<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353a w8d0 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">6.<span class=\"_ _4ac\"> </span></div><div class=\"t m4a x8aa h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">R<span class=\"_ _4ac\"> </span></div><div class=\"t m4a x9ba h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">is<span class=\"_ _0\"></span>erve d<span class=\"_ _1\"></span>a Valutazio<span class=\"_ _1\"></span>ne<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9bb y353a w8d1 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">69<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9bc y353a w8d1 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">58<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353b w8d2 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">7.<span class=\"_ _4ac\"> </span></div><div class=\"t m4a x8aa h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">U<span class=\"_ _4ac\"> </span></div><div class=\"t m4a x8ab h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">tile (Perdita<span class=\"_ _1\"></span>) dell'e<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9bd y353b w8d3 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">449<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9be y353b w8d4 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">(83)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8d5 h453\"><div class=\"t m4a x1fa h204 y35c1 ff2 fs55 fc0 sc0 ls27a ws529\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9bf y345e w8d6 h453\"><div class=\"t m4a x1fa h204 y35c1 ff2 fs55 fc0 sc0 ls277 ws524\">17.<span class=\"_ _0\"></span>107<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c0 y345e w8d6 h453\"><div class=\"t m4a x1fa h204 y35c1 ff2 fs55 fc0 sc0 ls277 ws524\">16.<span class=\"_ _0\"></span>645<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) Dat<span class=\"_ _1\"></span>i restate<span class=\"_ _1\"></span>d per ef<span class=\"_ _1\"></span>fetto del<span class=\"_ _1\"></span>la PPA di<span class=\"_ _1\"></span> Kai<span class=\"_ _1\"></span>ros SG<span class=\"_ _1\"></span>R e della PP<span class=\"_ _1\"></span>A rilev<span class=\"_ _1\"></span>ata da Vit<span class=\"_ _1\"></span>a Srl,<span class=\"_ _1\"></span> si rinvia a<span class=\"_ _1\"></span> quanto<span class=\"_ _1\"></span> esposto<span class=\"_ _1\"></span> nella No<span class=\"_ _1c\"></span>ta<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>integrativ<span class=\"_ _1c\"></span>a consolidata,<span class=\"_ _1\"></span> Parte <span class=\"_ _1\"></span>A <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span></span><span class=\"ws15d\">Pol<span class=\"_ _1\"></span>itiche Conta<span class=\"_ _1\"></span>bili,<span class=\"_ _1\"></span> </span>Altre Info<span class=\"_ _1\"></span>rmazion<span class=\"_ _1\"></span>i paragr<span class=\"_ _1\"></span>afo \"Restate<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>ent B<span class=\"_ _1\"></span>ilancio 202<span class=\"_ _1\"></span>4\"<span class=\"ls1 ws1\"> </span>La voce fornisce l\u2019evidenza del patrimonio netto di pertinenza di terzi per un importo pari a circa<span class=\"_ _1c\"></span> Euro <span class=\"_ _1\"></span>17,1 <span class=\"_ _1c\"></span>milioni<span class=\"_ _1\"></span>, det<span class=\"_ _1\"></span>enu<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span> (i) <span class=\"_ _1\"></span>OCM<span class=\"_ _1\"></span> OPP<span class=\"_ _1\"></span>S Xb<span class=\"_ _1\"></span> Inve<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>ents (<span class=\"_ _1\"></span>Ca<span class=\"_ _1\"></span>stell<span class=\"_ _1\"></span>o) S.a<span class=\"_ _1c\"></span>.r.l. p<span class=\"_ _1c\"></span>er il 2<span class=\"_ _1\"></span>0%<span class=\"_ _1\"></span> del patr<span class=\"_ _0\"></span>imonio netto di Castello SGR e (ii) Halldis S.p.<span class=\"_ _0\"></span>A. per il<span class=\"ls1 ws1\"> <span class=\"ls1d ws6a\">21% e C<span class=\"_ _0\"></span>ompas<span class=\"_ _0\"></span>s Rock per<span class=\"_ _0\"></span> il 2,<span class=\"_ _0\"></span>95% </span></span>del pa<span class=\"_ _1\"></span>trim<span class=\"_ _1\"></span>onio ne<span class=\"_ _1c\"></span>tto di Vita Srl<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span><span class=\"ls1 ws1\"> </span><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls1 ws1 gs890\">S<span class=\"ls22 wsd8\">ezione 20 </span>\u2013 <span class=\"ls44 wscd\">U<span class=\"_ _0\"></span>tile (Perdi<span class=\"_ _0\"></span>ta) d\u2019ese<span class=\"_ _0\"></span>rciz<span class=\"_ _0\"></span>io di perti<span class=\"_ _0\"></span>nenz<span class=\"_ _0\"></span>a di terzi<span class=\"_ _0\"></span> </span>\u2013 <span class=\"ls22 wsd8\">Voce 290 </span><span class=\"ff1 fs0\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs891\">La voce present<span class=\"_ _0\"></span>a un saldo positivo di cir<span class=\"_ _0\"></span>ca Euro 0,4 milioni ed \u00e8<span class=\"_ _0\"></span> riferita alla qu<span class=\"_ _0\"></span>ota di utile di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs892\">pertinenza di t<span class=\"_ _0\"></span>erzi correlata alle<span class=\"_ _0\"></span> azioni/quote di minor<span class=\"_ _0\"></span>anza valorizzate pro<span class=\"_ _0\"></span> quota sul risultato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs893\">registr<span class=\"_ _0\"></span>ato nell\u2019esercizio da Castello SGR e Vita Srl (si rima<span class=\"lse ws16\">nda per maggiori dettagli al para<span class=\"_ _0\"></span>grafo </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 wscf gs894\">\u201cParte A <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span><span class=\"ls0 ws7e\">Politich<span class=\"_ _0\"></span>e contabili, A.1 Parte<span class=\"_ _0\"></span> generale, Sezion<span class=\"_ _0\"></span>e 5 Area di consolidam<span class=\"_ _0\"></span>ento\u201d della Not<span class=\"_ _0\"></span>a </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs895\">integrativa<span class=\"_ _0\"></span> consolidata).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-686": {
   "value": "4. <span class=\"ls42 ws5\">Restrizioni significative<span class=\"_ _4ac\"> </span></span>Il Gruppo ritiene di non avere<span class=\"_ _0\"></span> vincoli di natura statuaria, parasoc<span class=\"_ _0\"></span>iale o regolamentare che<span class=\"_ _4ac\"> </span>impediscano o limit<span class=\"_ _0\"></span>ino la sua capacit\u00e0 di accedere alle attivit<span class=\"_ _0\"></span>\u00e0 o di regolare le passivit\u00e0<span class=\"_ _4ac\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-643": {
   "value": "4. <span class=\"ls42 ws5\">Restrizioni significative<span class=\"_ _4ac\"> </span></span>Il Gruppo ritiene di non avere<span class=\"_ _0\"></span> vincoli di natura statuaria, parasoc<span class=\"_ _0\"></span>iale o regolamentare che<span class=\"_ _4ac\"> </span>impediscano o limit<span class=\"_ _0\"></span>ino la sua capacit\u00e0 di accedere alle attivit<span class=\"_ _0\"></span>\u00e0 o di regolare le passivit\u00e0<span class=\"_ _4ac\"> </span>.<span class=\"_ _4ac\"> </span>5. Al<span class=\"_ _1\"></span>tre i<span class=\"_ _1\"></span>nform<span class=\"_ _1c\"></span>azioni<span class=\"_ _4ac\"> </span>Nella redazione del Bilancio consolidat<span class=\"_ _0\"></span>o sono stati utilizzati principi con<span class=\"_ _0\"></span>tabili omogenei sulla<span class=\"_ _4ac\"> </span>base dei bilanci al 31 dic<span class=\"_ _0\"></span>embre 2025 approvati dai rispett<span class=\"_ _0\"></span>ivi Consigli di Amministr<span class=\"_ _0\"></span>azione delle<span class=\"_ _4ac\"> </span>soc<span class=\"_ _0\"></span>iet\u00e0 integra<span class=\"_ _0\"></span>lmente cons<span class=\"_ _0\"></span>olidate.<span class=\"_ _0\"></span> Tutte le<span class=\"_ _0\"></span> societ\u00e0<span class=\"_ _0\"></span> consolidate<span class=\"ls1 ws1\"> <span class=\"lsf ws8e\">ad<span class=\"_ _1\"></span>otta<span class=\"_ _1\"></span>no l\u2019E<span class=\"_ _1c\"></span>uro qua<span class=\"_ _1\"></span>le m<span class=\"_ _1\"></span>oneta<span class=\"_ _1\"></span> di<span class=\"_ _4ac\"> </span></span></span>conto funzionale. Non risu<span class=\"_ _0\"></span>ltano bilanci di societ\u00e0 controllate utilizzat<span class=\"_ _0\"></span>i per la redazione del<span class=\"_ _4ac\"> </span>Bilancio consolidato<span class=\"_ _0\"></span> che hanno come data di <span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span>iferimento una data diversa da quella del Bilancio<span class=\"_ _4ac\"> </span>conso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>o stesso.<span class=\"_ _4ac\"> </span>Tra le co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>llate po<span class=\"_ _0\"></span>ssono<span class=\"_ _0\"></span> essere r<span class=\"_ _0\"></span>icompre<span class=\"_ _0\"></span>se anch<span class=\"_ _0\"></span>e le cosi<span class=\"_ _0\"></span>ddette \u201c<span class=\"_ _0\"></span>entit\u00e0 st<span class=\"_ _0\"></span>rutt<span class=\"_ _0\"></span>urate<span class=\"_ _0\"></span>\u201d, nel<span class=\"_ _0\"></span>le quali<span class=\"_ _4ac\"> </span>i diritt<span class=\"_ _0\"></span>i di voto non sono signific<span class=\"_ _0\"></span>ativi ai fini della s<span class=\"_ _0\"></span>ussistenza del controllo<span class=\"_ _0\"></span>, ivi incluse<span class=\"_ _0\"></span> societ\u00e0 o<span class=\"_ _4ac\"> </span>entit\u00e0 a destinazione specifica (\u201cspecial purpose ent<span class=\"ls0 ws0\">ities\u201d) e fon<span class=\"_ _0\"></span>di di investimento.<span class=\"_ _4ac\"> </span></span>I fondi di inve<span class=\"_ _0\"></span>stimento gestiti dalle<span class=\"_ _0\"></span> societ\u00e0 del Gruppo sono<span class=\"_ _0\"></span> considerati controllat<span class=\"_ _0\"></span>i qualora il Gruppo sia e<span class=\"_ _0\"></span>sposto in misura significa<span class=\"_ _0\"></span>tiva alla varia<span class=\"_ _0\"></span>bilit\u00e0 dei ren<span class=\"_ _0\"></span>dimenti e nel caso in cu<span class=\"_ _0\"></span>i gli investitori ter<span class=\"_ _0\"></span>zi non abbiano diritti di rimoz<span class=\"_ _0\"></span>ione della socie<span class=\"ls35 ws5c\">t\u00e0 di ge<span class=\"_ _0\"></span>stione.<span class=\"ls1 ws1\"> </span></span>Con <span class=\"_ _1\"></span>rife<span class=\"_ _1\"></span>rimen<span class=\"_ _1c\"></span>to al 3<span class=\"_ _1\"></span>1 di<span class=\"_ _1\"></span>cemb<span class=\"_ _1\"></span>re 2<span class=\"_ _1c\"></span>025 non<span class=\"_ _1\"></span> risu<span class=\"_ _1\"></span>ltan<span class=\"_ _1\"></span>o fo<span class=\"_ _1\"></span>ndi c<span class=\"_ _1c\"></span>omuni<span class=\"_ _1\"></span> di i<span class=\"_ _1\"></span>nves<span class=\"_ _1\"></span>time<span class=\"_ _1\"></span>nto d<span class=\"_ _1c\"></span>a considerarsi <span class=\"_ _0\"></span>entit\u00e0 contr<span class=\"_ _0\"></span>ollate. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-10": {
   "value": "Cassa<span class=\"_ _1\"></span> e dispo<span class=\"_ _1\"></span>nibilit<span class=\"_ _1\"></span>\u00e0 liquide<span class=\"_ _1\"></span> <span class=\"ls1 ws1\"> </span>In que<span class=\"_ _1\"></span>sta voc<span class=\"_ _1\"></span>e sono <span class=\"_ _1\"></span>clas<span class=\"_ _1\"></span>sifica<span class=\"_ _1\"></span>te le gi<span class=\"_ _1\"></span>acenz<span class=\"_ _1\"></span>e di val<span class=\"_ _1\"></span>ute av<span class=\"_ _1\"></span>enti c<span class=\"_ _1\"></span>orso leg<span class=\"_ _1\"></span>ale, <span class=\"_ _1\"></span>compr<span class=\"_ _1\"></span>ese le b<span class=\"_ _1\"></span>ancon<span class=\"_ _1\"></span>ote e le <span class=\"ls0 wse0\">monete divisionali estere (\u201ccassa contante<span class=\"_ _0\"></span>\u201d), nonch\u00e9 le disponibilit\u00e0 dei co<span class=\"_ _0\"></span>nti correnti e </span>depositi a vist<span class=\"_ _0\"></span>a depositati presso I<span class=\"_ _0\"></span>stituti di credito. Tali dispon<span class=\"_ _0\"></span>ibilit\u00e0 sono iscritte<span class=\"_ _0\"></span> al loro valore nomi<span class=\"_ _1c\"></span>nale.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-615": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs1d4\">Attivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anzi<span class=\"_ _0\"></span>arie valutate<span class=\"_ _0\"></span> al fai<span class=\"_ _0\"></span>r value<span class=\"_ _0\"></span> con impatto<span class=\"_ _0\"></span> a con<span class=\"_ _0\"></span>to econ<span class=\"_ _0\"></span>omico<span class=\"_ _0\"></span> (FVTP<span class=\"_ _0\"></span>L)<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs1d5\">Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs1d6\">In questa categor<span class=\"_ _0\"></span>ia sono classificate le att<span class=\"_ _0\"></span>ivit\u00e0 finanziarie gestite con l\u2019obiet<span class=\"_ _0\"></span>tivo di realizzare </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10f gs1d7\">flussi finanziar<span class=\"_ _0\"></span>i principalmente mediante la vendita de<span class=\"_ _0\"></span>lle attivit\u00e0 e i cui flussi finanziari </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 wsf1 gs1d8\">contr<span class=\"_ _0\"></span>attuali non s<span class=\"_ _0\"></span>iano esclu<span class=\"_ _0\"></span>sivamente rap<span class=\"_ _0\"></span>presenta<span class=\"_ _0\"></span>ti da pagamen<span class=\"ls0 ws97\">t<span class=\"_ _0\"></span>i di capitale e interessi </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs1d9\">maturat<span class=\"_ _0\"></span>i sull\u2019importo del capitale da rest<span class=\"_ _0\"></span>ituire (titoli di capit<span class=\"_ _0\"></span>ale, titoli di debito e quote di OICR).<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs1da\">In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, l<span class=\"_ _1\"></span>a ca<span class=\"_ _1\"></span>tego<span class=\"_ _1\"></span>ria in <span class=\"_ _1\"></span>esame<span class=\"_ _1\"></span> rico<span class=\"_ _1\"></span>mpren<span class=\"_ _1\"></span>de le s<span class=\"_ _1\"></span>egue<span class=\"_ _1\"></span>nti so<span class=\"_ _1c\"></span>ttocate<span class=\"_ _1\"></span>gorie<span class=\"_ _1\"></span>:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs1db\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws33b\">att<span class=\"_ _0\"></span>ivit\u00e0 finanziarie di negoziazione<span class=\"_ _0\"></span>: ricomprendono attivit\u00e0 finanz<span class=\"_ _0\"></span>iarie acquisite </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wse8 gs1dc\">princip<span class=\"_ _1\"></span>alme<span class=\"_ _1\"></span>nte al f<span class=\"_ _1\"></span>ine d<span class=\"_ _1\"></span>i esser<span class=\"_ _1\"></span>e vend<span class=\"_ _1\"></span>ute a b<span class=\"_ _1c\"></span>reve termi<span class=\"_ _1\"></span>ne e d<span class=\"_ _1\"></span>erivati<span class=\"_ _1\"></span> non d<span class=\"_ _1\"></span>esigna<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>i qual<span class=\"_ _1c\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs1dd\">strumenti di copertur<span class=\"_ _0\"></span>a ed efficaci (titoli di debito, tito<span class=\"_ _0\"></span>li di capitale, finanziamen<span class=\"lsf ws6e\">ti, q<span class=\"_ _1\"></span>uote d<span class=\"_ _1\"></span>i </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs1de\">OICR e d<span class=\"_ _1c\"></span>erivati);<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs1df\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsf0\">att<span class=\"_ _0\"></span>ivit\u00e0 finanziarie designate al fair<span class=\"_ _0\"></span> value: attivit\u00e0 fin<span class=\"_ _0\"></span>anziarie che al momento della </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs1e0\">rilevazione<span class=\"_ _0\"></span> iniziale sono designate<span class=\"_ _0\"></span> al fair value su<span class=\"_ _0\"></span> basi volontarie al fin<span class=\"_ _0\"></span>e di eliminare o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws75 gs1e1\">ridurre signific<span class=\"_ _0\"></span>ativamente un'incoeren<span class=\"_ _0\"></span>za nella valutazione o nella rilevazio<span class=\"ls32 ws13b\">ne<span class=\"_ _0\"></span> (t<span class=\"_ _0\"></span>alv<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lta </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs1e2\">definit<span class=\"_ _0\"></span>a come \u00abasimmetria conta<span class=\"_ _0\"></span>bile\u00bb) che altriment<span class=\"_ _0\"></span>i risulterebbe dalla valu<span class=\"_ _0\"></span>tazione delle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1e3\">attivit\u00e0 su bas<span class=\"_ _0\"></span>i diverse (titoli di debito e fin<span class=\"_ _0\"></span>anziamenti);<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs1e4\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls11 wsb7\">altre attivit\u00e0 finanziarie obbligatoriamente valutate al fair value: attivit\u00e0 finanziarie no<span class=\"_ _1\"></span>n </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1e5\">detenute con f<span class=\"_ _0\"></span>inalit\u00e0 di n<span class=\"_ _0\"></span>egoziazione (titoli di d<span class=\"_ _0\"></span>ebito, t<span class=\"_ _0\"></span>itoli di capitale,<span class=\"_ _0\"></span> finanziamenti,<span class=\"_ _0\"></span> quote </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs1e6\">di OICR)<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs1e7\">Son<span class=\"_ _1\"></span>o infi<span class=\"_ _1\"></span>ne inc<span class=\"_ _1\"></span>luse i<span class=\"_ _1c\"></span>n ques<span class=\"_ _1\"></span>ta voc<span class=\"_ _1c\"></span>e le inte<span class=\"_ _1\"></span>ress<span class=\"_ _1\"></span>enze a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nari<span class=\"_ _1\"></span>e non q<span class=\"_ _1\"></span>uali<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>i come<span class=\"_ _1\"></span> di co<span class=\"_ _1\"></span>ntrol<span class=\"_ _1\"></span>lo, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1e8\">di collegamento<span class=\"_ _0\"></span> o di controllo congiunto.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs1e9\">Quando, e<span class=\"_ _0\"></span> solo quando, si modific<span class=\"_ _0\"></span>hi il modello<span class=\"_ _0\"></span> di business adottato pe<span class=\"_ _0\"></span>r la gestione delle<span class=\"_ _0\"></span> attivit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs1ea\">finanziarie <span class=\"_ _0\"></span>\u00e8 possibile e<span class=\"_ _0\"></span>ffettuare ric<span class=\"_ _0\"></span>lassifiche<span class=\"ls1 ws1\"> </span>in<span class=\"_ _1\"></span> altre <span class=\"_ _0\"></span>categorie previs<span class=\"_ _0\"></span>te dall\u2019IF<span class=\"_ _0\"></span>RS 9. La ric<span class=\"_ _0\"></span>lassifica </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1eb\">avviene pros<span class=\"_ _0\"></span>petticamente a partire dalla dat<span class=\"_ _0\"></span>a di riclassificazione.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs1ec\">Criteri di iscrizione, va<span class=\"_ _1\"></span>lutazione e cancellazione<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1ed\">Iscrizione in<span class=\"_ _0\"></span>iziale<span class=\"ls1 ws1\"> </span></div>Al momento della rilevazione iniziale l'attiv<span class=\"_ _0\"></span>it\u00e0 \u00e8 valutata al suo fair value, normalmente<span class=\"_ _1\"></span> coinc<span class=\"_ _1\"></span>ident<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n il c<span class=\"_ _1c\"></span>osto, i<span class=\"_ _1\"></span>ntegra<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>ei cos<span class=\"_ _1\"></span>ti o d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>roven<span class=\"_ _1\"></span>ti del<span class=\"_ _1\"></span>l'op<span class=\"_ _1\"></span>erazi<span class=\"_ _1\"></span>one di<span class=\"_ _1c\"></span>rettame<span class=\"_ _1c\"></span>nte attribu<span class=\"_ _0\"></span>ibili all'acquisizione<span class=\"_ _0\"></span> o all'emissione dell'att<span class=\"_ _0\"></span>ivit\u00e0.<span class=\"ls1 ws1\"> </span>Valutazione <span class=\"_ _0\"></span>successiva e <span class=\"_ _0\"></span>rilevazione <span class=\"_ _0\"></span>delle component<span class=\"_ _0\"></span>i reddituali<span class=\"ls1 ws1\"> </span>Successiv<span class=\"_ _0\"></span>amente alla rilevazione iniziale, le attivit\u00e0 finanziarie in oggetto sono valoriz<span class=\"_ _0\"></span>zate al fair value e gli eff<span class=\"_ _0\"></span>etti dell\u2019applicazione di t<span class=\"_ _0\"></span>ale criterio di v<span class=\"_ _0\"></span>alutazione sono rileva<span class=\"_ _0\"></span>ti nel conto econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span>Per la determinazione del fair<span class=\"_ _0\"></span> value degli strumenti finanziari quotat<span class=\"_ _0\"></span>i in un mercato attivo, sono utiliz<span class=\"_ _0\"></span>zate quotazioni di mercato (pre<span class=\"_ _0\"></span>zzi domanda<span class=\"ls1 ws1\">-<span class=\"ls31 ws84\">offert<span class=\"_ _0\"></span>a o prezzi medi<span class=\"_ _0\"></span>) e l\u2019ult<span class=\"_ _0\"></span>imo valor<span class=\"_ _0\"></span>e quota </span></span>calcolato<span class=\"_ _0\"></span> e reso disponibile al pubblico per<span class=\"_ _0\"></span> le parti di OICR<span class=\"ls1 ws1\">. </span>Cancellazion<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\"> </span>Tali attivit<span class=\"_ _0\"></span>\u00e0 vengono cancellate quando scadono i diritti contrattuali sui flussi finanziari derivati dal<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1\"></span> stes<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>, o q<span class=\"_ _1\"></span>uand<span class=\"_ _1\"></span>o ve<span class=\"_ _1\"></span>ngono<span class=\"_ _1\"></span> cedu<span class=\"_ _1c\"></span>te trasf<span class=\"_ _1c\"></span>erendo<span class=\"_ _1\"></span> tutti<span class=\"_ _1c\"></span> o sost<span class=\"_ _1\"></span>anzia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte <span class=\"_ _1\"></span>tutti<span class=\"_ _1\"></span> i ris<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span> e benef<span class=\"_ _1\"></span>ici a<span class=\"_ _1\"></span>d esse <span class=\"_ _1\"></span>conn<span class=\"_ _1\"></span>esse.<span class=\"_ _4ac\"> </span> <span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "Attivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anzi<span class=\"_ _0\"></span>arie valutate<span class=\"_ _0\"></span> al fai<span class=\"_ _0\"></span>r value<span class=\"_ _0\"></span> con impatto<span class=\"_ _0\"></span> a con<span class=\"_ _0\"></span>to econ<span class=\"_ _0\"></span>omico<span class=\"_ _0\"></span> (FVTP<span class=\"_ _0\"></span>L)<span class=\"ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>In questa categor<span class=\"_ _0\"></span>ia sono classificate le att<span class=\"_ _0\"></span>ivit\u00e0 finanziarie gestite con l\u2019obiet<span class=\"_ _0\"></span>tivo di realizzare flussi finanziar<span class=\"_ _0\"></span>i principalmente mediante la vendita de<span class=\"_ _0\"></span>lle attivit\u00e0 e i cui flussi finanziari contr<span class=\"_ _0\"></span>attuali non s<span class=\"_ _0\"></span>iano esclu<span class=\"_ _0\"></span>sivamente rap<span class=\"_ _0\"></span>presenta<span class=\"_ _0\"></span>ti da pagamen<span class=\"ls0 ws97\">t<span class=\"_ _0\"></span>i di capitale e interessi </span>maturat<span class=\"_ _0\"></span>i sull\u2019importo del capitale da rest<span class=\"_ _0\"></span>ituire (titoli di capit<span class=\"_ _0\"></span>ale, titoli di debito e quote di OICR).<span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, l<span class=\"_ _1\"></span>a ca<span class=\"_ _1\"></span>tego<span class=\"_ _1\"></span>ria in <span class=\"_ _1\"></span>esame<span class=\"_ _1\"></span> rico<span class=\"_ _1\"></span>mpren<span class=\"_ _1\"></span>de le s<span class=\"_ _1\"></span>egue<span class=\"_ _1\"></span>nti so<span class=\"_ _1c\"></span>ttocate<span class=\"_ _1\"></span>gorie<span class=\"_ _1\"></span>:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws33b\">att<span class=\"_ _0\"></span>ivit\u00e0 finanziarie di negoziazione<span class=\"_ _0\"></span>: ricomprendono attivit\u00e0 finanz<span class=\"_ _0\"></span>iarie acquisite </span></span>princip<span class=\"_ _1\"></span>alme<span class=\"_ _1\"></span>nte al f<span class=\"_ _1\"></span>ine d<span class=\"_ _1\"></span>i esser<span class=\"_ _1\"></span>e vend<span class=\"_ _1\"></span>ute a b<span class=\"_ _1c\"></span>reve termi<span class=\"_ _1\"></span>ne e d<span class=\"_ _1\"></span>erivati<span class=\"_ _1\"></span> non d<span class=\"_ _1\"></span>esigna<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>i qual<span class=\"_ _1c\"></span>i strumenti di copertur<span class=\"_ _0\"></span>a ed efficaci (titoli di debito, tito<span class=\"_ _0\"></span>li di capitale, finanziamen<span class=\"lsf ws6e\">ti, q<span class=\"_ _1\"></span>uote d<span class=\"_ _1\"></span>i </span>OICR e d<span class=\"_ _1c\"></span>erivati);<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsf0\">att<span class=\"_ _0\"></span>ivit\u00e0 finanziarie designate al fair<span class=\"_ _0\"></span> value: attivit\u00e0 fin<span class=\"_ _0\"></span>anziarie che al momento della </span></span>rilevazione<span class=\"_ _0\"></span> iniziale sono designate<span class=\"_ _0\"></span> al fair value su<span class=\"_ _0\"></span> basi volontarie al fin<span class=\"_ _0\"></span>e di eliminare o ridurre signific<span class=\"_ _0\"></span>ativamente un'incoeren<span class=\"_ _0\"></span>za nella valutazione o nella rilevazio<span class=\"ls32 ws13b\">ne<span class=\"_ _0\"></span> (t<span class=\"_ _0\"></span>alv<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lta </span>definit<span class=\"_ _0\"></span>a come \u00abasimmetria conta<span class=\"_ _0\"></span>bile\u00bb) che altriment<span class=\"_ _0\"></span>i risulterebbe dalla valu<span class=\"_ _0\"></span>tazione delle attivit\u00e0 su bas<span class=\"_ _0\"></span>i diverse (titoli di debito e fin<span class=\"_ _0\"></span>anziamenti);<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls11 wsb7\">altre attivit\u00e0 finanziarie obbligatoriamente valutate al fair value: attivit\u00e0 finanziarie no<span class=\"_ _1\"></span>n </span></span>detenute con f<span class=\"_ _0\"></span>inalit\u00e0 di n<span class=\"_ _0\"></span>egoziazione (titoli di d<span class=\"_ _0\"></span>ebito, t<span class=\"_ _0\"></span>itoli di capitale,<span class=\"_ _0\"></span> finanziamenti,<span class=\"_ _0\"></span> quote di OICR)<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>Son<span class=\"_ _1\"></span>o infi<span class=\"_ _1\"></span>ne inc<span class=\"_ _1\"></span>luse i<span class=\"_ _1c\"></span>n ques<span class=\"_ _1\"></span>ta voc<span class=\"_ _1c\"></span>e le inte<span class=\"_ _1\"></span>ress<span class=\"_ _1\"></span>enze a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nari<span class=\"_ _1\"></span>e non q<span class=\"_ _1\"></span>uali<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>i come<span class=\"_ _1\"></span> di co<span class=\"_ _1\"></span>ntrol<span class=\"_ _1\"></span>lo, di collegamento<span class=\"_ _0\"></span> o di controllo congiunto.<span class=\"ls1 ws1\"> </span>Quando, e<span class=\"_ _0\"></span> solo quando, si modific<span class=\"_ _0\"></span>hi il modello<span class=\"_ _0\"></span> di business adottato pe<span class=\"_ _0\"></span>r la gestione delle<span class=\"_ _0\"></span> attivit\u00e0 finanziarie <span class=\"_ _0\"></span>\u00e8 possibile e<span class=\"_ _0\"></span>ffettuare ric<span class=\"_ _0\"></span>lassifiche<span class=\"ls1 ws1\"> </span>in<span class=\"_ _1\"></span> altre <span class=\"_ _0\"></span>categorie previs<span class=\"_ _0\"></span>te dall\u2019IF<span class=\"_ _0\"></span>RS 9. La ric<span class=\"_ _0\"></span>lassifica avviene pros<span class=\"_ _0\"></span>petticamente a partire dalla dat<span class=\"_ _0\"></span>a di riclassificazione.<span class=\"_ _4ac\"> </span>Criteri di iscrizione, va<span class=\"_ _1\"></span>lutazione e cancellazione<span class=\"ls1 ws1\"> </span>Iscrizione in<span class=\"_ _0\"></span>iziale<span class=\"ls1 ws1\"> </span>Al momento della rilevazione iniziale l'attiv<span class=\"_ _0\"></span>it\u00e0 \u00e8 valutata al suo fair value, normalmente<span class=\"_ _1\"></span> coinc<span class=\"_ _1\"></span>ident<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n il c<span class=\"_ _1c\"></span>osto, i<span class=\"_ _1\"></span>ntegra<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>ei cos<span class=\"_ _1\"></span>ti o d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>roven<span class=\"_ _1\"></span>ti del<span class=\"_ _1\"></span>l'op<span class=\"_ _1\"></span>erazi<span class=\"_ _1\"></span>one di<span class=\"_ _1c\"></span>rettame<span class=\"_ _1c\"></span>nte attribu<span class=\"_ _0\"></span>ibili all'acquisizione<span class=\"_ _0\"></span> o all'emissione dell'att<span class=\"_ _0\"></span>ivit\u00e0.<span class=\"ls1 ws1\"> </span>Valutazione <span class=\"_ _0\"></span>successiva e <span class=\"_ _0\"></span>rilevazione <span class=\"_ _0\"></span>delle component<span class=\"_ _0\"></span>i reddituali<span class=\"ls1 ws1\"> </span>Successiv<span class=\"_ _0\"></span>amente alla rilevazione iniziale, le attivit\u00e0 finanziarie in oggetto sono valoriz<span class=\"_ _0\"></span>zate al fair value e gli eff<span class=\"_ _0\"></span>etti dell\u2019applicazione di t<span class=\"_ _0\"></span>ale criterio di v<span class=\"_ _0\"></span>alutazione sono rileva<span class=\"_ _0\"></span>ti nel conto econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span>Per la determinazione del fair<span class=\"_ _0\"></span> value degli strumenti finanziari quotat<span class=\"_ _0\"></span>i in un mercato attivo, sono utiliz<span class=\"_ _0\"></span>zate quotazioni di mercato (pre<span class=\"_ _0\"></span>zzi domanda<span class=\"ls1 ws1\">-<span class=\"ls31 ws84\">offert<span class=\"_ _0\"></span>a o prezzi medi<span class=\"_ _0\"></span>) e l\u2019ult<span class=\"_ _0\"></span>imo valor<span class=\"_ _0\"></span>e quota </span></span>calcolato<span class=\"_ _0\"></span> e reso disponibile al pubblico per<span class=\"_ _0\"></span> le parti di OICR<span class=\"ls1 ws1\">. </span>Cancellazion<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\"> </span>Tali attivit<span class=\"_ _0\"></span>\u00e0 vengono cancellate quando scadono i diritti contrattuali sui flussi finanziari derivati dal<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1\"></span> stes<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>, o q<span class=\"_ _1\"></span>uand<span class=\"_ _1\"></span>o ve<span class=\"_ _1\"></span>ngono<span class=\"_ _1\"></span> cedu<span class=\"_ _1c\"></span>te trasf<span class=\"_ _1c\"></span>erendo<span class=\"_ _1\"></span> tutti<span class=\"_ _1c\"></span> o sost<span class=\"_ _1\"></span>anzia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte <span class=\"_ _1\"></span>tutti<span class=\"_ _1\"></span> i ris<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span> e benef<span class=\"_ _1\"></span>ici a<span class=\"_ _1\"></span>d esse <span class=\"_ _1\"></span>conn<span class=\"_ _1\"></span>esse.<span class=\"_ _4ac\"> </span>Attivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anzi<span class=\"_ _0\"></span>arie valutate<span class=\"_ _0\"></span> al fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue con i<span class=\"_ _0\"></span>mpatto su<span class=\"_ _0\"></span>lla red<span class=\"_ _0\"></span>ditivi<span class=\"_ _0\"></span>t\u00e0 comples<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>a <span class=\"ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>In questa cate<span class=\"_ _0\"></span>goria sono rilevat<span class=\"_ _0\"></span>i i titoli di capitale, non detenut<span class=\"_ _0\"></span>i per finalit\u00e0 di negoziazione<span class=\"_ _0\"></span> e non qualificabili di controllo<span class=\"_ _0\"></span> esclusivo, collegamento e controllo congiunto,<span class=\"_ _0\"></span> per i quali si applica l\u2019opzione di cla<span class=\"_ _0\"></span>ssificarli tr<span class=\"_ _0\"></span>a le attivit<span class=\"_ _0\"></span>\u00e0 finanziarie <span class=\"lsf wsa4\">valuta<span class=\"_ _1c\"></span>te al fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue co<span class=\"_ _1\"></span>n imp<span class=\"_ _1\"></span>atto <span class=\"_ _1\"></span>sulla<span class=\"_ _1\"></span> redd<span class=\"_ _1\"></span>itivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span> </span>compless<span class=\"_ _0\"></span>iva. Tale opzione \u00e8 esercitabile al momento dell\u2019iscrizione iniziale del singolo strumento fin<span class=\"_ _0\"></span>anziario ed \u00e8 irrevocabile. <span class=\"ls1 ws1\"> </span>Criteri di iscrizione, va<span class=\"_ _1\"></span>lutazione e cancellazione<span class=\"ls1 ws1\"> </span>Iscrizione in<span class=\"_ _0\"></span>iziale<span class=\"ls1 ws1\"> </span>L\u2019iscrizione<span class=\"_ _0\"></span> iniziale dell\u2019attivit<span class=\"_ _0\"></span>\u00e0 finanziaria avviene alla dat<span class=\"_ _0\"></span>a di regolamento. All\u2019atto de<span class=\"_ _0\"></span>lla rilevazione<span class=\"_ _0\"></span> iniziale le attivit\u00e0 sono contabilizzate al fair value, che normalmente corrisponde al corris<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>tivo pa<span class=\"_ _1\"></span>gato<span class=\"_ _1\"></span>, comp<span class=\"_ _1\"></span>rens<span class=\"_ _1\"></span>ivo d<span class=\"_ _1\"></span>ei cos<span class=\"_ _1\"></span>ti e/<span class=\"_ _1\"></span>o prov<span class=\"_ _1\"></span>enti d<span class=\"_ _1\"></span>i <span class=\"ls35 ws7a\">transazi<span class=\"_ _0\"></span>one dire<span class=\"_ _0\"></span>ttamente<span class=\"_ _0\"></span> attr<span class=\"_ _0\"></span>ibuibili </span>allo s<span class=\"_ _0\"></span>trumento<span class=\"_ _0\"></span> stesso. <span class=\"ls1 ws1\"> </span>Valutazione <span class=\"_ _0\"></span>successiva e <span class=\"_ _0\"></span>rilevazione <span class=\"_ _0\"></span>delle component<span class=\"_ _0\"></span>i reddituali<span class=\"ls1 ws1\"> </span>Successiv<span class=\"_ _0\"></span>amente alla rilevazione<span class=\"_ _0\"></span> iniziale, le<span class=\"_ _0\"></span> attivit\u00e0 finanziar<span class=\"_ _0\"></span>ie classificate al fa<span class=\"_ _0\"></span>ir value con impatto su<span class=\"_ _0\"></span>lla redditivit\u00e0 compless<span class=\"_ _0\"></span>iva sono valorizzate al fair<span class=\"_ _0\"></span> value e gli effett<span class=\"_ _0\"></span>i dell\u2019applicazione di tale cr<span class=\"_ _0\"></span>iterio di valutazione<span class=\"_ _0\"></span> sono contabilizzat<span class=\"_ _0\"></span>i in contro<span class=\"_ _0\"></span>partita della spec<span class=\"_ _0\"></span>ifica riserva di patrimonio netto (voce 160. Riserve da valutazione<span class=\"_ _0\"></span>). Gli importi rilevati in questa riserva non sara<span class=\"_ _1\"></span>nno ma<span class=\"_ _1\"></span>i ogg<span class=\"_ _1\"></span>etto d<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>giro n<span class=\"_ _1\"></span>el con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>onom<span class=\"_ _1\"></span>ico, n<span class=\"_ _1\"></span>emme<span class=\"_ _1\"></span>no in ca<span class=\"_ _1c\"></span>so di cessi<span class=\"_ _1c\"></span>one del<span class=\"_ _1\"></span>l\u2019atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Per la determinazione del fair<span class=\"_ _0\"></span> value degli strumenti finanziari quotat<span class=\"_ _0\"></span>i in un mercato attivo, sono utilizzate<span class=\"_ _0\"></span> quotazioni di mercato (prezzi dom<span class=\"_ _0\"></span>anda<span class=\"ls1 ws1\">-<span class=\"ls11 ws29\">offerta o prezzi medi).</span> </span>L\u2019unic<span class=\"_ _0\"></span>a componente rilevata nel conto economico \u00e8<span class=\"_ _0\"></span> rappresentata dai dividendi inc<span class=\"_ _0\"></span>assati, contabilizz<span class=\"_ _0\"></span>ata nella voce \u201c40. Dividendi e pro<span class=\"_ _0\"></span>venti assimilati\u201d. <span class=\"ls1 ws1\"> </span>Cancellazion<span class=\"_ _0\"></span>e <span class=\"ls1 ws1\"> </span>Le at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rie v<span class=\"_ _1\"></span>engon<span class=\"_ _1c\"></span>o cancel<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>e quand<span class=\"_ _1c\"></span>o sono c<span class=\"_ _1\"></span>edut<span class=\"_ _1\"></span>e trasf<span class=\"_ _1c\"></span>erendo s<span class=\"_ _1c\"></span>ostanzi<span class=\"_ _1\"></span>alme<span class=\"_ _1c\"></span>nte tutti i risch<span class=\"_ _0\"></span>i/benefici ad esse connes<span class=\"_ _0\"></span>si.<span class=\"ls1 ws1\"> </span>Attivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anzi<span class=\"_ _0\"></span>arie valutate<span class=\"_ _0\"></span> al costo<span class=\"_ _0\"></span> amm<span class=\"_ _0\"></span>ortizz<span class=\"_ _0\"></span>ato<span class=\"ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _4ac\"> </span>In questa categoria sono classifica<span class=\"_ _0\"></span>te le attivit\u00e0 finanziarie possedute nel quadro di un modello<span class=\"_ _4ac\"> </span> di <span class=\"_ _0\"></span><span class=\"ls0 ws54\">bu<span class=\"_ _0\"></span>siness il cu<span class=\"_ _0\"></span>i obiettivo \u00e8 fin<span class=\"_ _0\"></span>alizzato alla raccolt<span class=\"_ _0\"></span>a dei flussi finanzia<span class=\"_ _0\"></span>ri contrattuali e<span class=\"_ _0\"></span> i termini<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws54\"> </span>cont<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>uali d<span class=\"_ _1\"></span>ell'<span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nanzia<span class=\"_ _1c\"></span>ria prev<span class=\"_ _1\"></span>edo<span class=\"_ _1\"></span>no a <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>ermina<span class=\"_ _1c\"></span>te date<span class=\"_ _1\"></span> flus<span class=\"_ _1\"></span>si f<span class=\"_ _1\"></span>inanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span> rapp<span class=\"_ _1c\"></span>resenta<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span> unicam<span class=\"_ _1c\"></span>ente da pa<span class=\"_ _1\"></span>game<span class=\"_ _1\"></span>nti del<span class=\"_ _1\"></span> capital<span class=\"_ _1c\"></span>e e dell'<span class=\"_ _1\"></span>inter<span class=\"_ _1\"></span>esse s<span class=\"_ _1\"></span><span class=\"ls0 ws15\">ull'im<span class=\"_ _0\"></span>porto del capit<span class=\"_ _0\"></span>ale da r<span class=\"_ _0\"></span>estituire.<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws15\"><span class=\"ls1 ws1\"> </span></span>In tale categoria sono ricompresi i crediti relativi a commissioni per la gestione di patrimoni e<span class=\"_ _4ac\"> </span> gli eventuali c<span class=\"_ _0\"></span>osti anticipati a favor<span class=\"_ _0\"></span>e dei patrimoni gest<span class=\"_ _0\"></span>iti, oltre alla liqu<span class=\"_ _0\"></span>idit\u00e0 depositata pre<span class=\"_ _0\"></span>sso<span class=\"_ _4ac\"> </span> conti<span class=\"_ _1\"></span> corr<span class=\"_ _1c\"></span>enti ba<span class=\"_ _1\"></span>ncari<span class=\"_ _1\"></span> non<span class=\"_ _1c\"></span> a vista<span class=\"_ _1\"></span>.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Criteri di iscrizione, va<span class=\"_ _1\"></span>lutazione e cancellazione<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Iscrizione in<span class=\"_ _0\"></span>iziale<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Alla data di prima iscrizione le attivit\u00e0 finanziarie v<span class=\"_ _0\"></span>alutate al costo am<span class=\"_ _1\"></span>mortizz<span class=\"_ _0\"></span>ato sono rilevate<span class=\"_ _4ac\"> </span> al loro f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>, corri<span class=\"_ _0\"></span>spondente<span class=\"_ _0\"></span> di norma all\u2019a<span class=\"_ _0\"></span>mmont<span class=\"_ _0\"></span>are eroga<span class=\"_ _0\"></span>to o al corris<span class=\"_ _0\"></span>petti<span class=\"_ _0\"></span>vo pagato, a<span class=\"_ _4ac\"> </span> cui sono aggiun<span class=\"_ _0\"></span>ti gli eventuali costi/<span class=\"_ _0\"></span>proventi di transazion<span class=\"_ _0\"></span>e di diretta imput<span class=\"_ _0\"></span>azione, se materiali<span class=\"_ _4ac\"> </span> e determinabili.<span class=\"_ _0\"></span> I crediti sono iscritt<span class=\"_ _0\"></span>i alla data di erogazione.<span class=\"ls1 ws1\"> </span>Valutazione suc<span class=\"_ _0\"></span>cessiva e rilevazione delle<span class=\"_ _0\"></span> <span class=\"ls35 ws1f\">componenti r<span class=\"_ _0\"></span>edditu<span class=\"_ _0\"></span>ali</span><span class=\"ls35 ws1f\"><span class=\"ls1 ws1\"> </span></span>Dopo la r<span class=\"_ _0\"></span>ilevazione iniziale,<span class=\"_ _0\"></span> le attivit<span class=\"_ _0\"></span>\u00e0 finanziarie in oggetto<span class=\"_ _0\"></span> sono valutate su<span class=\"_ _0\"></span>lla base del costo<span class=\"_ _4ac\"> </span> ammortizz<span class=\"_ _0\"></span>ato, pari al valore di prima iscrizione dim<span class=\"_ _0\"></span>inuito/aumentato dei r<span class=\"_ _0\"></span>imborsi di capitale,<span class=\"_ _4ac\"> </span> delle rett<span class=\"_ _0\"></span>ifiche/riprese di valore e<span class=\"_ _0\"></span> della differenza tra l\u2019a<span class=\"ls31 ws1cd\">mm<span class=\"_ _0\"></span>ontare<span class=\"_ _0\"></span> eroga<span class=\"_ _0\"></span>to e <span class=\"_ _0\"></span>quello<span class=\"_ _4ac\"> </span></span><span class=\"ls31 ws1cd\"> </span>rimb<span class=\"_ _1\"></span>orsabi<span class=\"_ _1\"></span>le a s<span class=\"_ _1\"></span>cadenz<span class=\"_ _1c\"></span>a, calcol<span class=\"_ _1\"></span>ato c<span class=\"_ _1\"></span>on il me<span class=\"_ _1c\"></span>todo del tas<span class=\"_ _1c\"></span>so di int<span class=\"_ _1\"></span>eress<span class=\"_ _1\"></span>e effe<span class=\"_ _1\"></span>ttivo<span class=\"_ _1\"></span>. Il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1c\"></span>el<span class=\"_ _4ac\"> </span> costo ammortiz<span class=\"_ _0\"></span>zato non viene utilizzato per i cr<span class=\"_ _0\"></span>editi la cui breve durata (infer<span class=\"_ _0\"></span>iore ai 12 mesi) fa<span class=\"_ _4ac\"> </span> riten<span class=\"_ _1\"></span>ere t<span class=\"_ _1\"></span>rascura<span class=\"_ _1\"></span>bile l<span class=\"_ _1\"></span>\u2019eff<span class=\"_ _1\"></span>etto d<span class=\"ls0 ws82\">ell\u2019applicazione della logica di attualizz<span class=\"_ _0\"></span>azione. Il tasso di interesse<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws82\"> </span>effett<span class=\"_ _0\"></span>ivo \u00e8 individuato calcolando il tasso che eguaglia il valore attuale dei flussi futuri del<span class=\"_ _4ac\"> </span> credito (capit<span class=\"_ _0\"></span>ale ed interessi) al valore<span class=\"_ _0\"></span> di prima iscrizione. <span class=\"ls1 ws1\"> </span>In acc<span class=\"_ _1\"></span>ordo c<span class=\"_ _1\"></span>on l\u2019IFR<span class=\"_ _1c\"></span>S<span class=\"_ _0\"></span> 9, <span class=\"_ _1\"></span>le even<span class=\"_ _1\"></span>tuali p<span class=\"_ _1\"></span>erdite d<span class=\"_ _1\"></span>i va<span class=\"_ _1\"></span>lore at<span class=\"_ _1\"></span>tese ve<span class=\"_ _1\"></span>ngon<span class=\"_ _1\"></span>o deter<span class=\"_ _1\"></span>minat<span class=\"_ _1\"></span>e in u<span class=\"_ _1\"></span>n\u2019otti<span class=\"_ _1\"></span>ca<span class=\"_ _4ac\"> </span> \u2018f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>ard<span class=\"_ _13\"></span> lo<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>, \u2019<span class=\"ff1 ls1 ws1\"> <span class=\"lsf ws1f\">lung<span class=\"_ _1\"></span>o tut<span class=\"_ _1\"></span>ta la v<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>redi<span class=\"_ _1\"></span>ti (<span class=\"_ _1\"></span><span class=\"ff5 ls3a ws33d\">Ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted cre<span class=\"_ _0\"></span>di<span class=\"_ _1c\"></span>t l<span class=\"_ _1\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ff1 ls11 ws5\">). </span></span></span></span><span class=\"ff1 ls1 ws1\"><span class=\"lsf ws1f\"><span class=\"ff5 ls3a ws33d\"><span class=\"ff1 ls11 ws5\"><span class=\"ls1 ws1\"> </span></span></span></span></span>I cri<span class=\"_ _1\"></span>teri d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>utaz<span class=\"_ _1\"></span>ione <span class=\"_ _1\"></span>sono s<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>ttam<span class=\"_ _1\"></span>ente c<span class=\"_ _1c\"></span>onnessi a<span class=\"_ _1\"></span>llo s<span class=\"_ _1c\"></span>tadio (\u201c<span class=\"_ _1\"></span>stag<span class=\"_ _1\"></span>e<span class=\"ff5 ls34 wsd0\">\u201d)</span><span class=\"ls1 ws1\"> <span class=\"_ _15\"> </span><span class=\"ls0 wsf3\">cu<span class=\"_ _0\"></span>i il credito viene<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 wsf3\"> </span></span>classifica<span class=\"_ _0\"></span>to, in particolare:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1d ws2a\">st<span class=\"_ _0\"></span>age 1 </span><span class=\"ff1\">\u2013 <span class=\"ls0 ws77\">accoglie le attivit\u00e0 finanziarie<span class=\"_ _0\"></span> per cui non c\u2019\u00e8 stato un deterioramento signific<span class=\"_ _0\"></span>ativo<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"ls0 ws77\"> </span></span></span>nella qu<span class=\"_ _0\"></span>alit\u00e0 del credito dalla data di r<span class=\"_ _0\"></span>ilevazione<span class=\"_ _0\"></span> iniziale o<span class=\"_ _0\"></span>ppure con un rischio di cr<span class=\"_ _0\"></span>edito<span class=\"_ _4ac\"> </span> basso <span class=\"ls1 ws1\"> </span>(cred<span class=\"_ _1\"></span>iti i<span class=\"_ _1c\"></span>n boni<span class=\"_ _1\"></span>s).<span class=\"_ _1\"></span> Per q<span class=\"_ _1c\"></span>ueste a<span class=\"_ _1\"></span>ttiv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nziari<span class=\"_ _1c\"></span>e vien<span class=\"_ _1\"></span>e ril<span class=\"_ _1\"></span>evata<span class=\"_ _1c\"></span> una sv<span class=\"_ _1c\"></span>alutazi<span class=\"_ _1c\"></span>one pari<span class=\"_ _1c\"></span> all<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span> perdit<span class=\"_ _1\"></span>e att<span class=\"_ _1\"></span>ese nei s<span class=\"_ _1c\"></span>uccessivi<span class=\"_ _1\"></span> 12 mesi<span class=\"_ _1\"></span> (12<span class=\"_ _1\"></span> <span class=\"ff5 ls54 ws33e\">mo<span class=\"_ _1c\"></span>nt<span class=\"_ _d\"></span>h ex<span class=\"_ _1c\"></span>pec<span class=\"_ _d\"></span>t<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span> c<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>edi<span class=\"_ _7\"></span>t<span class=\"_ _1\"></span> l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls32 ws5e\">);<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls54 ws33e\"><span class=\"ff1 ls32 ws5e\"><span class=\"ls1 ws1\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1d wsb8\">st<span class=\"_ _0\"></span>age 2 <span class=\"_ _0\"></span></span><span class=\"ff1\">\u2013 <span class=\"_ _17\"> </span><span class=\"ls0 ws81\">accoglie i crediti <span class=\"ff5 ls11f ws33f\">un<span class=\"_ _0\"></span>de<span class=\"_ _13\"></span>r</span></span><span class=\"ff5\">-<span class=\"ls11 ws5\">p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span></span></span><span class=\"lsf wsd2\">, ossi<span class=\"_ _1\"></span>a i cr<span class=\"_ _1\"></span>editi<span class=\"_ _1\"></span> ove vi<span class=\"_ _1\"></span> \u00e8 sta<span class=\"_ _1\"></span>to un a<span class=\"_ _1\"></span>ument<span class=\"_ _1c\"></span>o<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"lsf wsd2\"> </span></span></span>significat<span class=\"_ _0\"></span>ivo del rischio di cre<span class=\"_ _0\"></span>dito (\u201csignificativo<span class=\"_ _0\"></span> deterioramento\u201d) r<span class=\"_ _0\"></span>ispetto all\u2019iscr<span class=\"_ _0\"></span>izione<span class=\"_ _4ac\"> </span> iniziale, m<span class=\"_ _0\"></span>a per i quali non si <span class=\"_ _1\"></span>ha un\u2019obiett<span class=\"_ _0\"></span>iva evidenza di un evento di perdita. Per queste<span class=\"_ _4ac\"> </span> attivit\u00e0 fin<span class=\"_ _0\"></span>anziarie la s<span class=\"ls11 ws140\">valutazione \u00e8 determinata sulla base della perdita attesa complessiva<span class=\"_ _4ac\"> </span></span><span class=\"ls11 ws140\"><span class=\"_ _1\"></span> </span>(<span class=\"ff5 ls54 ws340\">l<span class=\"_ _d\"></span>i<span class=\"_ _d\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>me ex<span class=\"_ _1\"></span>p<span class=\"_ _1c\"></span>ec<span class=\"_ _1c\"></span>ted<span class=\"_ _1c\"></span> c<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>t<span class=\"_ _1c\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls11 ws5\">);<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls54 ws340\"><span class=\"ff1 ls11 ws5\"><span class=\"ls1 ws1\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1c wsff\">stage 3 </span><span class=\"ff1\">\u2013 <span class=\"_ _0\"></span><span class=\"ls0 ws54\">accoglie i cr<span class=\"_ _0\"></span>editi <span class=\"ff5 ls120 wsc7\">non perfor<span class=\"_ _1c\"></span>m<span class=\"_ _13\"></span>i<span class=\"_ _1c\"></span>ng<span class=\"ff1 ls0 ws54\">, ovvero quelle<span class=\"_ _0\"></span> attivit\u00e0 finanziarie per<span class=\"_ _0\"></span> le quali ci<span class=\"_ _4ac\"> </span></span></span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"ls0 ws54\"><span class=\"ff5 ls120 wsc7\"><span class=\"ff1 ls0 ws54\"><span class=\"_ _1\"></span> </span></span></span></span></span>sia un\u2019obiettiva ev<span class=\"_ _0\"></span>idenza di perdita alla data di bilancio. I<span class=\"_ _0\"></span>n questo caso \u00e8 necessario<span class=\"_ _4ac\"> </span> determin<span class=\"_ _0\"></span>are la svalutazione in una misura pari alla perdita attesa complessiva (<span class=\"ff5 ls11 ws5\">lif<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>e<span class=\"_ _4ac\"> </span></span><span class=\"ff5 ls11 ws5\"><span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> </span>ex<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ec<span class=\"_ _1c\"></span>t<span class=\"_ _1c\"></span>ed c<span class=\"_ _d\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span> l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls0 ws1d7\">). In<span class=\"_ _0\"></span> tali circostanze il pro<span class=\"_ _0\"></span>cesso di valut<span class=\"_ _0\"></span>azione \u00e8 analitico e<span class=\"_ _4ac\"> </span></span><span class=\"ff1 ls0 ws1d7\"> </span>deter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r categ<span class=\"_ _1c\"></span>orie omog<span class=\"_ _1\"></span>enee e<span class=\"_ _1c\"></span> attrib<span class=\"_ _1\"></span>uito anal<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte ad<span class=\"_ _1\"></span> ogni p<span class=\"_ _1\"></span>osizi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>,<span class=\"_ _4ac\"> </span> ten<span class=\"_ _1\"></span>endo i<span class=\"_ _1\"></span>n cons<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>razi<span class=\"_ _1\"></span>oni i<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mazio<span class=\"_ _1c\"></span>ni <span class=\"ff5 ls11 ws141\">f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>ard<span class=\"_ _0\"></span> lo<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> </span><span class=\"ls0 ws76\">ed i poss<span class=\"_ _0\"></span>ibili scenari alternat<span class=\"_ _0\"></span>ivi di<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws76\"> </span>recup<span class=\"_ _1c\"></span>ero.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>L\u2019<span class=\"ff5 ls3a wsbc\">Expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d cr<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>dit l<span class=\"_ _d\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s <span class=\"ff1 ls0 wse0\">(ECL) \u00e8<span class=\"_ _0\"></span> definito dal principio come la media delle<span class=\"_ _0\"></span> perdite su crediti<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls3a wsbc\"><span class=\"ff1 ls0 wse0\"> </span></span>pond<span class=\"_ _1c\"></span>erata pe<span class=\"_ _1\"></span>r i risp<span class=\"_ _1c\"></span>ettivi ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi di i<span class=\"_ _1\"></span>nadem<span class=\"_ _1\"></span>pime<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span>. In gen<span class=\"_ _1\"></span>eral<span class=\"_ _1\"></span>e, tal<span class=\"_ _1\"></span>e stima<span class=\"_ _1\"></span> pre<span class=\"_ _1\"></span>nde i<span class=\"_ _1c\"></span>n<span class=\"_ _4ac\"> </span> considerazione<span class=\"_ _0\"></span> tre parametri di rischio: (i) la probabilit\u00e0 di default, (ii) la percentuale<span class=\"_ _0\"></span> di perdi<span class=\"ls32 ws5e\">ta<span class=\"_ _4ac\"> </span></span><span class=\"ls32 ws5e\"> </span>in caso d\u2019insolv<span class=\"_ _0\"></span>enza e (iii) la stima dell\u2019esposizion<span class=\"_ _0\"></span>e creditizia al verific<span class=\"_ _0\"></span>arsi dell\u2019insolvenz<span class=\"_ _0\"></span>a.<span class=\"_ _4ac\"> </span>Qualora<span class=\"_ _0\"></span> i motivi della perdit<span class=\"_ _0\"></span>a di valore siano r<span class=\"_ _0\"></span>imossi a seguito di un<span class=\"_ _0\"></span> evento verific<span class=\"_ _0\"></span>atosi<span class=\"_ _4ac\"> </span> successivamente<span class=\"_ _0\"></span> alla rilevazione della r<span class=\"_ _0\"></span>iduzione di valore, vengono<span class=\"_ _0\"></span> effettuate riprese<span class=\"_ _0\"></span> di valore<span class=\"_ _4ac\"> </span> con imp<span class=\"_ _1c\"></span>utazion<span class=\"_ _1\"></span>e a Con<span class=\"_ _1\"></span>to Eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>co. La r<span class=\"_ _1\"></span>ipresa<span class=\"_ _1\"></span> di val<span class=\"_ _1\"></span>ore no<span class=\"_ _1\"></span>n pu\u00f2 ecc<span class=\"_ _1c\"></span>e<span class=\"ls31 ws191\">der<span class=\"_ _0\"></span>e il c<span class=\"_ _0\"></span>osto<span class=\"_ _4ac\"> </span></span><span class=\"ls31 ws191\"> </span>ammo<span class=\"_ _1c\"></span>rtizzat<span class=\"_ _1\"></span>o che<span class=\"_ _1\"></span> lo st<span class=\"_ _1c\"></span>rument<span class=\"_ _1\"></span>o fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1\"></span>ario<span class=\"_ _1\"></span> avre<span class=\"_ _1c\"></span>bbe avu<span class=\"_ _1\"></span>to in a<span class=\"_ _1c\"></span>ssenza<span class=\"_ _1\"></span> di p<span class=\"_ _1\"></span>recede<span class=\"_ _1c\"></span>nti ret<span class=\"_ _1\"></span>tific<span class=\"_ _1c\"></span>he. <span class=\"ls1 ws1\"> </span>Cancellazion<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\"> </span>Le a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>iari<span class=\"_ _1\"></span>e va<span class=\"_ _1\"></span>luta<span class=\"_ _1\"></span>te al c<span class=\"_ _1c\"></span>osto a<span class=\"_ _1\"></span>mmorti<span class=\"_ _1c\"></span>zzato s<span class=\"_ _1c\"></span>ono ca<span class=\"_ _1\"></span>ncell<span class=\"_ _1\"></span>ate q<span class=\"_ _1c\"></span>uando <span class=\"_ _1\"></span>scado<span class=\"_ _1c\"></span>no i di<span class=\"_ _1\"></span>ritti<span class=\"_ _1c\"></span> contrattua<span class=\"_ _0\"></span>li sui flussi finan<span class=\"_ _0\"></span>ziari derivanti dalle s<span class=\"_ _0\"></span>tesse o quando sono ce<span class=\"_ _0\"></span>dute trasferendo sostanzialmente<span class=\"_ _0\"></span> tutti i rischi e benefici ad esse connesse.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-644": {
   "value": "Attivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anzi<span class=\"_ _0\"></span>arie valutate<span class=\"_ _0\"></span> al fai<span class=\"_ _0\"></span>r value<span class=\"_ _0\"></span> con impatto<span class=\"_ _0\"></span> a con<span class=\"_ _0\"></span>to econ<span class=\"_ _0\"></span>omico<span class=\"_ _0\"></span> (FVTP<span class=\"_ _0\"></span>L)<span class=\"ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>In questa categor<span class=\"_ _0\"></span>ia sono classificate le att<span class=\"_ _0\"></span>ivit\u00e0 finanziarie gestite con l\u2019obiet<span class=\"_ _0\"></span>tivo di realizzare flussi finanziar<span class=\"_ _0\"></span>i principalmente mediante la vendita de<span class=\"_ _0\"></span>lle attivit\u00e0 e i cui flussi finanziari contr<span class=\"_ _0\"></span>attuali non s<span class=\"_ _0\"></span>iano esclu<span class=\"_ _0\"></span>sivamente rap<span class=\"_ _0\"></span>presenta<span class=\"_ _0\"></span>ti da pagamen<span class=\"ls0 ws97\">t<span class=\"_ _0\"></span>i di capitale e interessi </span>maturat<span class=\"_ _0\"></span>i sull\u2019importo del capitale da rest<span class=\"_ _0\"></span>ituire (titoli di capit<span class=\"_ _0\"></span>ale, titoli di debito e quote di OICR).<span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, l<span class=\"_ _1\"></span>a ca<span class=\"_ _1\"></span>tego<span class=\"_ _1\"></span>ria in <span class=\"_ _1\"></span>esame<span class=\"_ _1\"></span> rico<span class=\"_ _1\"></span>mpren<span class=\"_ _1\"></span>de le s<span class=\"_ _1\"></span>egue<span class=\"_ _1\"></span>nti so<span class=\"_ _1c\"></span>ttocate<span class=\"_ _1\"></span>gorie<span class=\"_ _1\"></span>:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws33b\">att<span class=\"_ _0\"></span>ivit\u00e0 finanziarie di negoziazione<span class=\"_ _0\"></span>: ricomprendono attivit\u00e0 finanz<span class=\"_ _0\"></span>iarie acquisite </span></span>princip<span class=\"_ _1\"></span>alme<span class=\"_ _1\"></span>nte al f<span class=\"_ _1\"></span>ine d<span class=\"_ _1\"></span>i esser<span class=\"_ _1\"></span>e vend<span class=\"_ _1\"></span>ute a b<span class=\"_ _1c\"></span>reve termi<span class=\"_ _1\"></span>ne e d<span class=\"_ _1\"></span>erivati<span class=\"_ _1\"></span> non d<span class=\"_ _1\"></span>esigna<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>i qual<span class=\"_ _1c\"></span>i strumenti di copertur<span class=\"_ _0\"></span>a ed efficaci (titoli di debito, tito<span class=\"_ _0\"></span>li di capitale, finanziamen<span class=\"lsf ws6e\">ti, q<span class=\"_ _1\"></span>uote d<span class=\"_ _1\"></span>i </span>OICR e d<span class=\"_ _1c\"></span>erivati);<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsf0\">att<span class=\"_ _0\"></span>ivit\u00e0 finanziarie designate al fair<span class=\"_ _0\"></span> value: attivit\u00e0 fin<span class=\"_ _0\"></span>anziarie che al momento della </span></span>rilevazione<span class=\"_ _0\"></span> iniziale sono designate<span class=\"_ _0\"></span> al fair value su<span class=\"_ _0\"></span> basi volontarie al fin<span class=\"_ _0\"></span>e di eliminare o ridurre signific<span class=\"_ _0\"></span>ativamente un'incoeren<span class=\"_ _0\"></span>za nella valutazione o nella rilevazio<span class=\"ls32 ws13b\">ne<span class=\"_ _0\"></span> (t<span class=\"_ _0\"></span>alv<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lta </span>definit<span class=\"_ _0\"></span>a come \u00abasimmetria conta<span class=\"_ _0\"></span>bile\u00bb) che altriment<span class=\"_ _0\"></span>i risulterebbe dalla valu<span class=\"_ _0\"></span>tazione delle attivit\u00e0 su bas<span class=\"_ _0\"></span>i diverse (titoli di debito e fin<span class=\"_ _0\"></span>anziamenti);<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls11 wsb7\">altre attivit\u00e0 finanziarie obbligatoriamente valutate al fair value: attivit\u00e0 finanziarie no<span class=\"_ _1\"></span>n </span></span>detenute con f<span class=\"_ _0\"></span>inalit\u00e0 di n<span class=\"_ _0\"></span>egoziazione (titoli di d<span class=\"_ _0\"></span>ebito, t<span class=\"_ _0\"></span>itoli di capitale,<span class=\"_ _0\"></span> finanziamenti,<span class=\"_ _0\"></span> quote di OICR)<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>Son<span class=\"_ _1\"></span>o infi<span class=\"_ _1\"></span>ne inc<span class=\"_ _1\"></span>luse i<span class=\"_ _1c\"></span>n ques<span class=\"_ _1\"></span>ta voc<span class=\"_ _1c\"></span>e le inte<span class=\"_ _1\"></span>ress<span class=\"_ _1\"></span>enze a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nari<span class=\"_ _1\"></span>e non q<span class=\"_ _1\"></span>uali<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>i come<span class=\"_ _1\"></span> di co<span class=\"_ _1\"></span>ntrol<span class=\"_ _1\"></span>lo, di collegamento<span class=\"_ _0\"></span> o di controllo congiunto.<span class=\"ls1 ws1\"> </span>Quando, e<span class=\"_ _0\"></span> solo quando, si modific<span class=\"_ _0\"></span>hi il modello<span class=\"_ _0\"></span> di business adottato pe<span class=\"_ _0\"></span>r la gestione delle<span class=\"_ _0\"></span> attivit\u00e0 finanziarie <span class=\"_ _0\"></span>\u00e8 possibile e<span class=\"_ _0\"></span>ffettuare ric<span class=\"_ _0\"></span>lassifiche<span class=\"ls1 ws1\"> </span>in<span class=\"_ _1\"></span> altre <span class=\"_ _0\"></span>categorie previs<span class=\"_ _0\"></span>te dall\u2019IF<span class=\"_ _0\"></span>RS 9. La ric<span class=\"_ _0\"></span>lassifica avviene pros<span class=\"_ _0\"></span>petticamente a partire dalla dat<span class=\"_ _0\"></span>a di riclassificazione.<span class=\"_ _4ac\"> </span>Criteri di iscrizione, va<span class=\"_ _1\"></span>lutazione e cancellazione<span class=\"ls1 ws1\"> </span>Iscrizione in<span class=\"_ _0\"></span>iziale<span class=\"ls1 ws1\"> </span><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsa7 gs1ef\">Al momento della rilevazione iniziale l'attiv<span class=\"_ _0\"></span>it\u00e0 \u00e8 valutata al suo fair value, normalmente<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsef gs1f0\">coinc<span class=\"_ _1\"></span>ident<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n il c<span class=\"_ _1c\"></span>osto, i<span class=\"_ _1\"></span>ntegra<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>ei cos<span class=\"_ _1\"></span>ti o d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>roven<span class=\"_ _1\"></span>ti del<span class=\"_ _1\"></span>l'op<span class=\"_ _1\"></span>erazi<span class=\"_ _1\"></span>one di<span class=\"_ _1c\"></span>rettame<span class=\"_ _1c\"></span>nte </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1f1\">attribu<span class=\"_ _0\"></span>ibili all'acquisizione<span class=\"_ _0\"></span> o all'emissione dell'att<span class=\"_ _0\"></span>ivit\u00e0.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs1f2\">Valutazione <span class=\"_ _0\"></span>successiva e <span class=\"_ _0\"></span>rilevazione <span class=\"_ _0\"></span>delle component<span class=\"_ _0\"></span>i reddituali<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs1f3\">Successiv<span class=\"_ _0\"></span>amente alla rilevazione iniziale, le attivit\u00e0 finanziarie in oggetto sono valoriz<span class=\"_ _0\"></span>zate al fair </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10f gs1f4\">value e gli eff<span class=\"_ _0\"></span>etti dell\u2019applicazione di t<span class=\"_ _0\"></span>ale criterio di v<span class=\"_ _0\"></span>alutazione sono rileva<span class=\"_ _0\"></span>ti nel conto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws5c gs1f5\">econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs1f6\">Per la determinazione del fair<span class=\"_ _0\"></span> value degli strumenti finanziari quotat<span class=\"_ _0\"></span>i in un mercato attivo, sono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws11f gs1f7\">utiliz<span class=\"_ _0\"></span>zate quotazioni di mercato (pre<span class=\"_ _0\"></span>zzi domanda<span class=\"ls1 ws1\">-<span class=\"ls31 ws84\">offert<span class=\"_ _0\"></span>a o prezzi medi<span class=\"_ _0\"></span>) e l\u2019ult<span class=\"_ _0\"></span>imo valor<span class=\"_ _0\"></span>e quota </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1f8\">calcolato<span class=\"_ _0\"></span> e reso disponibile al pubblico per<span class=\"_ _0\"></span> le parti di OICR<span class=\"ls1 ws1\">. </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs1f9\">Cancellazion<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1fa\">Tali attivit<span class=\"_ _0\"></span>\u00e0 vengono cancellate quando scadono i diritti contrattuali sui flussi finanziari derivati </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs1fb\">dal<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1\"></span> stes<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>, o q<span class=\"_ _1\"></span>uand<span class=\"_ _1\"></span>o ve<span class=\"_ _1\"></span>ngono<span class=\"_ _1\"></span> cedu<span class=\"_ _1c\"></span>te trasf<span class=\"_ _1c\"></span>erendo<span class=\"_ _1\"></span> tutti<span class=\"_ _1c\"></span> o sost<span class=\"_ _1\"></span>anzia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte <span class=\"_ _1\"></span>tutti<span class=\"_ _1\"></span> i ris<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs1fc\">e benef<span class=\"_ _1\"></span>ici a<span class=\"_ _1\"></span>d esse <span class=\"_ _1\"></span>conn<span class=\"_ _1\"></span>esse.<span class=\"_ _4ac\"> </span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 ws33c gs1fe\">Attivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anzi<span class=\"_ _0\"></span>arie valutate<span class=\"_ _0\"></span> al fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue con i<span class=\"_ _0\"></span>mpatto su<span class=\"_ _0\"></span>lla red<span class=\"_ _0\"></span>ditivi<span class=\"_ _0\"></span>t\u00e0 </div><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs1ff\">comples<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>a <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs200\">Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs201\">In questa cate<span class=\"_ _0\"></span>goria sono rilevat<span class=\"_ _0\"></span>i i titoli di capitale, non detenut<span class=\"_ _0\"></span>i per finalit\u00e0 di negoziazione<span class=\"_ _0\"></span> e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs202\">non qualificabili di controllo<span class=\"_ _0\"></span> esclusivo, collegamento e controllo congiunto,<span class=\"_ _0\"></span> per i quali si applica </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs203\">l\u2019opzione di cla<span class=\"_ _0\"></span>ssificarli tr<span class=\"_ _0\"></span>a le attivit<span class=\"_ _0\"></span>\u00e0 finanziarie <span class=\"lsf wsa4\">valuta<span class=\"_ _1c\"></span>te al fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue co<span class=\"_ _1\"></span>n imp<span class=\"_ _1\"></span>atto <span class=\"_ _1\"></span>sulla<span class=\"_ _1\"></span> redd<span class=\"_ _1\"></span>itivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7d gs204\">compless<span class=\"_ _0\"></span>iva. Tale opzione \u00e8 esercitabile al momento dell\u2019iscrizione iniziale del singolo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs205\">strumento fin<span class=\"_ _0\"></span>anziario ed \u00e8 irrevocabile. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs206\">Criteri di iscrizione, va<span class=\"_ _1\"></span>lutazione e cancellazione<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs207\">Iscrizione in<span class=\"_ _0\"></span>iziale<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10f gs208\">L\u2019iscrizione<span class=\"_ _0\"></span> iniziale dell\u2019attivit<span class=\"_ _0\"></span>\u00e0 finanziaria avviene alla dat<span class=\"_ _0\"></span>a di regolamento. All\u2019atto de<span class=\"_ _0\"></span>lla </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs209\">rilevazione<span class=\"_ _0\"></span> iniziale le attivit\u00e0 sono contabilizzate al fair value, che normalmente corrisponde al </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws94 gs20a\">corris<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>tivo pa<span class=\"_ _1\"></span>gato<span class=\"_ _1\"></span>, comp<span class=\"_ _1\"></span>rens<span class=\"_ _1\"></span>ivo d<span class=\"_ _1\"></span>ei cos<span class=\"_ _1\"></span>ti e/<span class=\"_ _1\"></span>o prov<span class=\"_ _1\"></span>enti d<span class=\"_ _1\"></span>i <span class=\"ls35 ws7a\">transazi<span class=\"_ _0\"></span>one dire<span class=\"_ _0\"></span>ttamente<span class=\"_ _0\"></span> attr<span class=\"_ _0\"></span>ibuibili </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws5c gs20b\">allo s<span class=\"_ _0\"></span>trumento<span class=\"_ _0\"></span> stesso. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs20c\">Valutazione <span class=\"_ _0\"></span>successiva e <span class=\"_ _0\"></span>rilevazione <span class=\"_ _0\"></span>delle component<span class=\"_ _0\"></span>i reddituali<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf3 gs20d\">Successiv<span class=\"_ _0\"></span>amente alla rilevazione<span class=\"_ _0\"></span> iniziale, le<span class=\"_ _0\"></span> attivit\u00e0 finanziar<span class=\"_ _0\"></span>ie classificate al fa<span class=\"_ _0\"></span>ir value con </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs20e\">impatto su<span class=\"_ _0\"></span>lla redditivit\u00e0 compless<span class=\"_ _0\"></span>iva sono valorizzate al fair<span class=\"_ _0\"></span> value e gli effett<span class=\"_ _0\"></span>i dell\u2019applicazione </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsd5 gs20f\">di tale cr<span class=\"_ _0\"></span>iterio di valutazione<span class=\"_ _0\"></span> sono contabilizzat<span class=\"_ _0\"></span>i in contro<span class=\"_ _0\"></span>partita della spec<span class=\"_ _0\"></span>ifica riserva di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs210\">patrimonio netto (voce 160. Riserve da valutazione<span class=\"_ _0\"></span>). Gli importi rilevati in questa riserva non </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs211\">sara<span class=\"_ _1\"></span>nno ma<span class=\"_ _1\"></span>i ogg<span class=\"_ _1\"></span>etto d<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>giro n<span class=\"_ _1\"></span>el con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>onom<span class=\"_ _1\"></span>ico, n<span class=\"_ _1\"></span>emme<span class=\"_ _1\"></span>no in ca<span class=\"_ _1c\"></span>so di cessi<span class=\"_ _1c\"></span>one del<span class=\"_ _1\"></span>l\u2019atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs212\">Per la determinazione del fair<span class=\"_ _0\"></span> value degli strumenti finanziari quotat<span class=\"_ _0\"></span>i in un mercato attivo, sono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs213\">utilizzate<span class=\"_ _0\"></span> quotazioni di mercato (prezzi dom<span class=\"_ _0\"></span>anda<span class=\"ls1 ws1\">-<span class=\"ls11 ws29\">offerta o prezzi medi).</span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9e gs214\">L\u2019unic<span class=\"_ _0\"></span>a componente rilevata nel conto economico \u00e8<span class=\"_ _0\"></span> rappresentata dai dividendi inc<span class=\"_ _0\"></span>assati, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs215\">contabilizz<span class=\"_ _0\"></span>ata nella voce \u201c40. Dividendi e pro<span class=\"_ _0\"></span>venti assimilati\u201d. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs216\">Cancellazion<span class=\"_ _0\"></span>e <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws10b gs217\">Le at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rie v<span class=\"_ _1\"></span>engon<span class=\"_ _1c\"></span>o cancel<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>e quand<span class=\"_ _1c\"></span>o sono c<span class=\"_ _1\"></span>edut<span class=\"_ _1\"></span>e trasf<span class=\"_ _1c\"></span>erendo s<span class=\"_ _1c\"></span>ostanzi<span class=\"_ _1\"></span>alme<span class=\"_ _1c\"></span>nte </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs218\">tutti i risch<span class=\"_ _0\"></span>i/benefici ad esse connes<span class=\"_ _0\"></span>si.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs219\">Attivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anzi<span class=\"_ _0\"></span>arie valutate<span class=\"_ _0\"></span> al costo<span class=\"_ _0\"></span> amm<span class=\"_ _0\"></span>ortizz<span class=\"_ _0\"></span>ato<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs21a\">Criteri di classificazione<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div>In questa categoria sono classifica<span class=\"_ _0\"></span>te le attivit\u00e0 finanziarie possedute nel quadro di un modello<span class=\"_ _4ac\"> </span>di <span class=\"_ _0\"></span><span class=\"ls0 ws54\">bu<span class=\"_ _0\"></span>siness il cu<span class=\"_ _0\"></span>i obiettivo \u00e8 fin<span class=\"_ _0\"></span>alizzato alla raccolt<span class=\"_ _0\"></span>a dei flussi finanzia<span class=\"_ _0\"></span>ri contrattuali e<span class=\"_ _0\"></span> i termini<span class=\"_ _4ac\"> </span></span>cont<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>uali d<span class=\"_ _1\"></span>ell'<span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nanzia<span class=\"_ _1c\"></span>ria prev<span class=\"_ _1\"></span>edo<span class=\"_ _1\"></span>no a <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>ermina<span class=\"_ _1c\"></span>te date<span class=\"_ _1\"></span> flus<span class=\"_ _1\"></span>si f<span class=\"_ _1\"></span>inanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span> rapp<span class=\"_ _1c\"></span>resenta<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span>unicam<span class=\"_ _1c\"></span>ente da pa<span class=\"_ _1\"></span>game<span class=\"_ _1\"></span>nti del<span class=\"_ _1\"></span> capital<span class=\"_ _1c\"></span>e e dell'<span class=\"_ _1\"></span>inter<span class=\"_ _1\"></span>esse s<span class=\"_ _1\"></span><span class=\"ls0 ws15\">ull'im<span class=\"_ _0\"></span>porto del capit<span class=\"_ _0\"></span>ale da r<span class=\"_ _0\"></span>estituire.<span class=\"_ _4ac\"> </span></span>In tale categoria sono ricompresi i crediti relativi a commissioni per la gestione di patrimoni e<span class=\"_ _4ac\"> </span>gli eventuali c<span class=\"_ _0\"></span>osti anticipati a favor<span class=\"_ _0\"></span>e dei patrimoni gest<span class=\"_ _0\"></span>iti, oltre alla liqu<span class=\"_ _0\"></span>idit\u00e0 depositata pre<span class=\"_ _0\"></span>sso<span class=\"_ _4ac\"> </span>conti<span class=\"_ _1\"></span> corr<span class=\"_ _1c\"></span>enti ba<span class=\"_ _1\"></span>ncari<span class=\"_ _1\"></span> non<span class=\"_ _1c\"></span> a vista<span class=\"_ _1\"></span>.<span class=\"_ _4ac\"> </span>Criteri di iscrizione, va<span class=\"_ _1\"></span>lutazione e cancellazione<span class=\"_ _4ac\"> </span>Iscrizione in<span class=\"_ _0\"></span>iziale<span class=\"_ _4ac\"> </span>Alla data di prima iscrizione le attivit\u00e0 finanziarie v<span class=\"_ _0\"></span>alutate al costo am<span class=\"_ _1\"></span>mortizz<span class=\"_ _0\"></span>ato sono rilevate<span class=\"_ _4ac\"> </span>al loro f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>, corri<span class=\"_ _0\"></span>spondente<span class=\"_ _0\"></span> di norma all\u2019a<span class=\"_ _0\"></span>mmont<span class=\"_ _0\"></span>are eroga<span class=\"_ _0\"></span>to o al corris<span class=\"_ _0\"></span>petti<span class=\"_ _0\"></span>vo pagato, a<span class=\"_ _4ac\"> </span>cui sono aggiun<span class=\"_ _0\"></span>ti gli eventuali costi/<span class=\"_ _0\"></span>proventi di transazion<span class=\"_ _0\"></span>e di diretta imput<span class=\"_ _0\"></span>azione, se materiali<span class=\"_ _4ac\"> </span>e determinabili.<span class=\"_ _0\"></span> I crediti sono iscritt<span class=\"_ _0\"></span>i alla data di erogazione.<div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs22a\">Valutazione suc<span class=\"_ _0\"></span>cessiva e rilevazione delle<span class=\"_ _0\"></span> <span class=\"ls35 ws1f\">componenti r<span class=\"_ _0\"></span>edditu<span class=\"_ _0\"></span>ali</span><span class=\"ls35 ws1f\"><span class=\"ls1 ws1\"> </span></span></div>Dopo la r<span class=\"_ _0\"></span>ilevazione iniziale,<span class=\"_ _0\"></span> le attivit<span class=\"_ _0\"></span>\u00e0 finanziarie in oggetto<span class=\"_ _0\"></span> sono valutate su<span class=\"_ _0\"></span>lla base del costo<span class=\"_ _4ac\"> </span>ammortizz<span class=\"_ _0\"></span>ato, pari al valore di prima iscrizione dim<span class=\"_ _0\"></span>inuito/aumentato dei r<span class=\"_ _0\"></span>imborsi di capitale,<span class=\"_ _4ac\"> </span>delle rett<span class=\"_ _0\"></span>ifiche/riprese di valore e<span class=\"_ _0\"></span> della differenza tra l\u2019a<span class=\"ls31 ws1cd\">mm<span class=\"_ _0\"></span>ontare<span class=\"_ _0\"></span> eroga<span class=\"_ _0\"></span>to e <span class=\"_ _0\"></span>quello<span class=\"_ _4ac\"> </span></span>rimb<span class=\"_ _1\"></span>orsabi<span class=\"_ _1\"></span>le a s<span class=\"_ _1\"></span>cadenz<span class=\"_ _1c\"></span>a, calcol<span class=\"_ _1\"></span>ato c<span class=\"_ _1\"></span>on il me<span class=\"_ _1c\"></span>todo del tas<span class=\"_ _1c\"></span>so di int<span class=\"_ _1\"></span>eress<span class=\"_ _1\"></span>e effe<span class=\"_ _1\"></span>ttivo<span class=\"_ _1\"></span>. Il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1c\"></span>el<span class=\"_ _4ac\"> </span>costo ammortiz<span class=\"_ _0\"></span>zato non viene utilizzato per i cr<span class=\"_ _0\"></span>editi la cui breve durata (infer<span class=\"_ _0\"></span>iore ai 12 mesi) fa<span class=\"_ _4ac\"> </span>riten<span class=\"_ _1\"></span>ere t<span class=\"_ _1\"></span>rascura<span class=\"_ _1\"></span>bile l<span class=\"_ _1\"></span>\u2019eff<span class=\"_ _1\"></span>etto d<span class=\"ls0 ws82\">ell\u2019applicazione della logica di attualizz<span class=\"_ _0\"></span>azione. Il tasso di interesse<span class=\"_ _4ac\"> </span></span>effett<span class=\"_ _0\"></span>ivo \u00e8 individuato calcolando il tasso che eguaglia il valore attuale dei flussi futuri del<span class=\"_ _4ac\"> </span>credito (capit<span class=\"_ _0\"></span>ale ed interessi) al valore<span class=\"_ _0\"></span> di prima iscrizione. In acc<span class=\"_ _1\"></span>ordo c<span class=\"_ _1\"></span>on l\u2019IFR<span class=\"_ _1c\"></span>S<span class=\"_ _0\"></span> 9, <span class=\"_ _1\"></span>le even<span class=\"_ _1\"></span>tuali p<span class=\"_ _1\"></span>erdite d<span class=\"_ _1\"></span>i va<span class=\"_ _1\"></span>lore at<span class=\"_ _1\"></span>tese ve<span class=\"_ _1\"></span>ngon<span class=\"_ _1\"></span>o deter<span class=\"_ _1\"></span>minat<span class=\"_ _1\"></span>e in u<span class=\"_ _1\"></span>n\u2019otti<span class=\"_ _1\"></span>ca<span class=\"_ _4ac\"> </span>\u2018f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>ard<span class=\"_ _13\"></span> lo<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>, \u2019<span class=\"ff1 ls1 ws1\"> <span class=\"lsf ws1f\">lung<span class=\"_ _1\"></span>o tut<span class=\"_ _1\"></span>ta la v<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>redi<span class=\"_ _1\"></span>ti (<span class=\"_ _1\"></span><span class=\"ff5 ls3a ws33d\">Ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted cre<span class=\"_ _0\"></span>di<span class=\"_ _1c\"></span>t l<span class=\"_ _1\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ff1 ls11 ws5\">). </span></span></span></span>I cri<span class=\"_ _1\"></span>teri d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>utaz<span class=\"_ _1\"></span>ione <span class=\"_ _1\"></span>sono s<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>ttam<span class=\"_ _1\"></span>ente c<span class=\"_ _1c\"></span>onnessi a<span class=\"_ _1\"></span>llo s<span class=\"_ _1c\"></span>tadio (\u201c<span class=\"_ _1\"></span>stag<span class=\"_ _1\"></span>e<span class=\"ff5 ls34 wsd0\">\u201d)</span><span class=\"ls1 ws1\"> <span class=\"_ _15\"> </span><span class=\"ls0 wsf3\">cu<span class=\"_ _0\"></span>i il credito viene<span class=\"_ _4ac\"> </span></span></span>classifica<span class=\"_ _0\"></span>to, in particolare:<span class=\"_ _4ac\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1d ws2a\">st<span class=\"_ _0\"></span>age 1 </span><span class=\"ff1\">\u2013 <span class=\"ls0 ws77\">accoglie le attivit\u00e0 finanziarie<span class=\"_ _0\"></span> per cui non c\u2019\u00e8 stato un deterioramento signific<span class=\"_ _0\"></span>ativo<span class=\"_ _4ac\"> </span></span></span></span>nella qu<span class=\"_ _0\"></span>alit\u00e0 del credito dalla data di r<span class=\"_ _0\"></span>ilevazione<span class=\"_ _0\"></span> iniziale o<span class=\"_ _0\"></span>ppure con un rischio di cr<span class=\"_ _0\"></span>edito<span class=\"_ _4ac\"> </span>basso (cred<span class=\"_ _1\"></span>iti i<span class=\"_ _1c\"></span>n boni<span class=\"_ _1\"></span>s).<span class=\"_ _1\"></span> Per q<span class=\"_ _1c\"></span>ueste a<span class=\"_ _1\"></span>ttiv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nziari<span class=\"_ _1c\"></span>e vien<span class=\"_ _1\"></span>e ril<span class=\"_ _1\"></span>evata<span class=\"_ _1c\"></span> una sv<span class=\"_ _1c\"></span>alutazi<span class=\"_ _1c\"></span>one pari<span class=\"_ _1c\"></span> all<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span>perdit<span class=\"_ _1\"></span>e att<span class=\"_ _1\"></span>ese nei s<span class=\"_ _1c\"></span>uccessivi<span class=\"_ _1\"></span> 12 mesi<span class=\"_ _1\"></span> (12<span class=\"_ _1\"></span> <span class=\"ff5 ls54 ws33e\">mo<span class=\"_ _1c\"></span>nt<span class=\"_ _d\"></span>h ex<span class=\"_ _1c\"></span>pec<span class=\"_ _d\"></span>t<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span> c<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>edi<span class=\"_ _7\"></span>t<span class=\"_ _1\"></span> l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls32 ws5e\">);<span class=\"_ _4ac\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1d wsb8\">st<span class=\"_ _0\"></span>age 2 <span class=\"_ _0\"></span></span><span class=\"ff1\">\u2013 <span class=\"_ _17\"> </span><span class=\"ls0 ws81\">accoglie i crediti <span class=\"ff5 ls11f ws33f\">un<span class=\"_ _0\"></span>de<span class=\"_ _13\"></span>r</span></span><span class=\"ff5\">-<span class=\"ls11 ws5\">p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span></span></span><span class=\"lsf wsd2\">, ossi<span class=\"_ _1\"></span>a i cr<span class=\"_ _1\"></span>editi<span class=\"_ _1\"></span> ove vi<span class=\"_ _1\"></span> \u00e8 sta<span class=\"_ _1\"></span>to un a<span class=\"_ _1\"></span>ument<span class=\"_ _1c\"></span>o<span class=\"_ _4ac\"> </span></span></span></span>significat<span class=\"_ _0\"></span>ivo del rischio di cre<span class=\"_ _0\"></span>dito (\u201csignificativo<span class=\"_ _0\"></span> deterioramento\u201d) r<span class=\"_ _0\"></span>ispetto all\u2019iscr<span class=\"_ _0\"></span>izione<span class=\"_ _4ac\"> </span>iniziale, m<span class=\"_ _0\"></span>a per i quali non si <span class=\"_ _1\"></span>ha un\u2019obiett<span class=\"_ _0\"></span>iva evidenza di un evento di perdita. Per queste<span class=\"_ _4ac\"> </span>attivit\u00e0 fin<span class=\"_ _0\"></span>anziarie la s<span class=\"ls11 ws140\">valutazione \u00e8 determinata sulla base della perdita attesa complessiva<span class=\"_ _4ac\"> </span></span>(<span class=\"ff5 ls54 ws340\">l<span class=\"_ _d\"></span>i<span class=\"_ _d\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>me ex<span class=\"_ _1\"></span>p<span class=\"_ _1c\"></span>ec<span class=\"_ _1c\"></span>ted<span class=\"_ _1c\"></span> c<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>t<span class=\"_ _1c\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls11 ws5\">);<span class=\"_ _4ac\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1c wsff\">stage 3 </span><span class=\"ff1\">\u2013 <span class=\"_ _0\"></span><span class=\"ls0 ws54\">accoglie i cr<span class=\"_ _0\"></span>editi <span class=\"ff5 ls120 wsc7\">non perfor<span class=\"_ _1c\"></span>m<span class=\"_ _13\"></span>i<span class=\"_ _1c\"></span>ng<span class=\"ff1 ls0 ws54\">, ovvero quelle<span class=\"_ _0\"></span> attivit\u00e0 finanziarie per<span class=\"_ _0\"></span> le quali ci<span class=\"_ _4ac\"> </span></span></span></span></span></span>sia un\u2019obiettiva ev<span class=\"_ _0\"></span>idenza di perdita alla data di bilancio. I<span class=\"_ _0\"></span>n questo caso \u00e8 necessario<span class=\"_ _4ac\"> </span>determin<span class=\"_ _0\"></span>are la svalutazione in una misura pari alla perdita attesa complessiva (<span class=\"ff5 ls11 ws5\">lif<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>e<span class=\"_ _4ac\"> </span></span>ex<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ec<span class=\"_ _1c\"></span>t<span class=\"_ _1c\"></span>ed c<span class=\"_ _d\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span> l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls0 ws1d7\">). In<span class=\"_ _0\"></span> tali circostanze il pro<span class=\"_ _0\"></span>cesso di valut<span class=\"_ _0\"></span>azione \u00e8 analitico e<span class=\"_ _4ac\"> </span></span>deter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r categ<span class=\"_ _1c\"></span>orie omog<span class=\"_ _1\"></span>enee e<span class=\"_ _1c\"></span> attrib<span class=\"_ _1\"></span>uito anal<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte ad<span class=\"_ _1\"></span> ogni p<span class=\"_ _1\"></span>osizi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>,<span class=\"_ _4ac\"> </span>ten<span class=\"_ _1\"></span>endo i<span class=\"_ _1\"></span>n cons<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>razi<span class=\"_ _1\"></span>oni i<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mazio<span class=\"_ _1c\"></span>ni <span class=\"ff5 ls11 ws141\">f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>ard<span class=\"_ _0\"></span> lo<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> </span><span class=\"ls0 ws76\">ed i poss<span class=\"_ _0\"></span>ibili scenari alternat<span class=\"_ _0\"></span>ivi di<span class=\"_ _4ac\"> </span></span>recup<span class=\"_ _1c\"></span>ero.<span class=\"_ _4ac\"> </span>L\u2019<span class=\"ff5 ls3a wsbc\">Expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d cr<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>dit l<span class=\"_ _d\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s <span class=\"ff1 ls0 wse0\">(ECL) \u00e8<span class=\"_ _0\"></span> definito dal principio come la media delle<span class=\"_ _0\"></span> perdite su crediti<span class=\"_ _4ac\"> </span></span></span>pond<span class=\"_ _1c\"></span>erata pe<span class=\"_ _1\"></span>r i risp<span class=\"_ _1c\"></span>ettivi ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi di i<span class=\"_ _1\"></span>nadem<span class=\"_ _1\"></span>pime<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span>. In gen<span class=\"_ _1\"></span>eral<span class=\"_ _1\"></span>e, tal<span class=\"_ _1\"></span>e stima<span class=\"_ _1\"></span> pre<span class=\"_ _1\"></span>nde i<span class=\"_ _1c\"></span>n<span class=\"_ _4ac\"> </span>considerazione<span class=\"_ _0\"></span> tre parametri di rischio: (i) la probabilit\u00e0 di default, (ii) la percentuale<span class=\"_ _0\"></span> di perdi<span class=\"ls32 ws5e\">ta<span class=\"_ _4ac\"> </span></span>in caso d\u2019insolv<span class=\"_ _0\"></span>enza e (iii) la stima dell\u2019esposizion<span class=\"_ _0\"></span>e creditizia al verific<span class=\"_ _0\"></span>arsi dell\u2019insolvenz<span class=\"_ _0\"></span>a.<span class=\"_ _4ac\"> </span>Qualora<span class=\"_ _0\"></span> i motivi della perdit<span class=\"_ _0\"></span>a di valore siano r<span class=\"_ _0\"></span>imossi a seguito di un<span class=\"_ _0\"></span> evento verific<span class=\"_ _0\"></span>atosi<span class=\"_ _4ac\"> </span>successivamente<span class=\"_ _0\"></span> alla rilevazione della r<span class=\"_ _0\"></span>iduzione di valore, vengono<span class=\"_ _0\"></span> effettuate riprese<span class=\"_ _0\"></span> di valore<span class=\"_ _4ac\"> </span>con imp<span class=\"_ _1c\"></span>utazion<span class=\"_ _1\"></span>e a Con<span class=\"_ _1\"></span>to Eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>co. La r<span class=\"_ _1\"></span>ipresa<span class=\"_ _1\"></span> di val<span class=\"_ _1\"></span>ore no<span class=\"_ _1\"></span>n pu\u00f2 ecc<span class=\"_ _1c\"></span>e<span class=\"ls31 ws191\">der<span class=\"_ _0\"></span>e il c<span class=\"_ _0\"></span>osto<span class=\"_ _4ac\"> </span></span>ammo<span class=\"_ _1c\"></span>rtizzat<span class=\"_ _1\"></span>o che<span class=\"_ _1\"></span> lo st<span class=\"_ _1c\"></span>rument<span class=\"_ _1\"></span>o fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1\"></span>ario<span class=\"_ _1\"></span> avre<span class=\"_ _1c\"></span>bbe avu<span class=\"_ _1\"></span>to in a<span class=\"_ _1c\"></span>ssenza<span class=\"_ _1\"></span> di p<span class=\"_ _1\"></span>recede<span class=\"_ _1c\"></span>nti ret<span class=\"_ _1\"></span>tific<span class=\"_ _1c\"></span>he. <div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs22c\">Cancellazion<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsa0 gs22d\">Le a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>iari<span class=\"_ _1\"></span>e va<span class=\"_ _1\"></span>luta<span class=\"_ _1\"></span>te al c<span class=\"_ _1c\"></span>osto a<span class=\"_ _1\"></span>mmorti<span class=\"_ _1c\"></span>zzato s<span class=\"_ _1c\"></span>ono ca<span class=\"_ _1\"></span>ncell<span class=\"_ _1\"></span>ate q<span class=\"_ _1c\"></span>uando <span class=\"_ _1\"></span>scado<span class=\"_ _1c\"></span>no i di<span class=\"_ _1\"></span>ritti<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gs22e\">contrattua<span class=\"_ _0\"></span>li sui flussi finan<span class=\"_ _0\"></span>ziari derivanti dalle s<span class=\"_ _0\"></span>tesse o quando sono ce<span class=\"_ _0\"></span>dute trasferendo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs22f\">sostanzialmente<span class=\"_ _0\"></span> tutti i rischi e benefici ad esse connesse.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-687": {
   "value": "Quando, e<span class=\"_ _0\"></span> solo quando, si modific<span class=\"_ _0\"></span>hi il modello<span class=\"_ _0\"></span> di business adottato pe<span class=\"_ _0\"></span>r la gestione delle<span class=\"_ _0\"></span> attivit\u00e0 finanziarie <span class=\"_ _0\"></span>\u00e8 possibile e<span class=\"_ _0\"></span>ffettuare ric<span class=\"_ _0\"></span>lassifiche<span class=\"ls1 ws1\"> </span>in<span class=\"_ _1\"></span> altre <span class=\"_ _0\"></span>categorie previs<span class=\"_ _0\"></span>te dall\u2019IF<span class=\"_ _0\"></span>RS 9. La ric<span class=\"_ _0\"></span>lassifica avviene pros<span class=\"_ _0\"></span>petticamente a partire dalla dat<span class=\"_ _0\"></span>a di riclassificazione.<span class=\"_ _4ac\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForReclassificationOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-668": {
   "value": "Valutazione <span class=\"_ _0\"></span>successiva e <span class=\"_ _0\"></span>rilevazione <span class=\"_ _0\"></span>delle component<span class=\"_ _0\"></span>i reddituali<span class=\"ls1 ws1\"> </span>Successiv<span class=\"_ _0\"></span>amente alla rilevazione iniziale, le attivit\u00e0 finanziarie in oggetto sono valoriz<span class=\"_ _0\"></span>zate al fair value e gli eff<span class=\"_ _0\"></span>etti dell\u2019applicazione di t<span class=\"_ _0\"></span>ale criterio di v<span class=\"_ _0\"></span>alutazione sono rileva<span class=\"_ _0\"></span>ti nel conto econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span>Per la determinazione del fair<span class=\"_ _0\"></span> value degli strumenti finanziari quotat<span class=\"_ _0\"></span>i in un mercato attivo, sono utiliz<span class=\"_ _0\"></span>zate quotazioni di mercato (pre<span class=\"_ _0\"></span>zzi domanda<span class=\"ls1 ws1\">-<span class=\"ls31 ws84\">offert<span class=\"_ _0\"></span>a o prezzi medi<span class=\"_ _0\"></span>) e l\u2019ult<span class=\"_ _0\"></span>imo valor<span class=\"_ _0\"></span>e quota </span></span>calcolato<span class=\"_ _0\"></span> e reso disponibile al pubblico per<span class=\"_ _0\"></span> le parti di OICR<span class=\"ls1 ws1\">. </span>Cancellazion<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\"> </span>Tali attivit<span class=\"_ _0\"></span>\u00e0 vengono cancellate quando scadono i diritti contrattuali sui flussi finanziari derivati dal<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1\"></span> stes<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>, o q<span class=\"_ _1\"></span>uand<span class=\"_ _1\"></span>o ve<span class=\"_ _1\"></span>ngono<span class=\"_ _1\"></span> cedu<span class=\"_ _1c\"></span>te trasf<span class=\"_ _1c\"></span>erendo<span class=\"_ _1\"></span> tutti<span class=\"_ _1c\"></span> o sost<span class=\"_ _1\"></span>anzia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte <span class=\"_ _1\"></span>tutti<span class=\"_ _1\"></span> i ris<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span> e benef<span class=\"_ _1\"></span>ici a<span class=\"_ _1\"></span>d esse <span class=\"_ _1\"></span>conn<span class=\"_ _1\"></span>esse.<span class=\"_ _4ac\"> </span>Valutazione <span class=\"_ _0\"></span>successiva e <span class=\"_ _0\"></span>rilevazione <span class=\"_ _0\"></span>delle component<span class=\"_ _0\"></span>i reddituali<span class=\"ls1 ws1\"> </span>Successiv<span class=\"_ _0\"></span>amente alla rilevazione<span class=\"_ _0\"></span> iniziale, le<span class=\"_ _0\"></span> attivit\u00e0 finanziar<span class=\"_ _0\"></span>ie classificate al fa<span class=\"_ _0\"></span>ir value con impatto su<span class=\"_ _0\"></span>lla redditivit\u00e0 compless<span class=\"_ _0\"></span>iva sono valorizzate al fair<span class=\"_ _0\"></span> value e gli effett<span class=\"_ _0\"></span>i dell\u2019applicazione di tale cr<span class=\"_ _0\"></span>iterio di valutazione<span class=\"_ _0\"></span> sono contabilizzat<span class=\"_ _0\"></span>i in contro<span class=\"_ _0\"></span>partita della spec<span class=\"_ _0\"></span>ifica riserva di patrimonio netto (voce 160. Riserve da valutazione<span class=\"_ _0\"></span>). Gli importi rilevati in questa riserva non sara<span class=\"_ _1\"></span>nno ma<span class=\"_ _1\"></span>i ogg<span class=\"_ _1\"></span>etto d<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>giro n<span class=\"_ _1\"></span>el con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>onom<span class=\"_ _1\"></span>ico, n<span class=\"_ _1\"></span>emme<span class=\"_ _1\"></span>no in ca<span class=\"_ _1c\"></span>so di cessi<span class=\"_ _1c\"></span>one del<span class=\"_ _1\"></span>l\u2019atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Per la determinazione del fair<span class=\"_ _0\"></span> value degli strumenti finanziari quotat<span class=\"_ _0\"></span>i in un mercato attivo, sono utilizzate<span class=\"_ _0\"></span> quotazioni di mercato (prezzi dom<span class=\"_ _0\"></span>anda<span class=\"ls1 ws1\">-<span class=\"ls11 ws29\">offerta o prezzi medi).</span> </span>L\u2019unic<span class=\"_ _0\"></span>a componente rilevata nel conto economico \u00e8<span class=\"_ _0\"></span> rappresentata dai dividendi inc<span class=\"_ _0\"></span>assati, contabilizz<span class=\"_ _0\"></span>ata nella voce \u201c40. Dividendi e pro<span class=\"_ _0\"></span>venti assimilati\u201d. <span class=\"ls1 ws1\"> </span>Cancellazion<span class=\"_ _0\"></span>e <span class=\"ls1 ws1\"> </span>Le at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rie v<span class=\"_ _1\"></span>engon<span class=\"_ _1c\"></span>o cancel<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>e quand<span class=\"_ _1c\"></span>o sono c<span class=\"_ _1\"></span>edut<span class=\"_ _1\"></span>e trasf<span class=\"_ _1c\"></span>erendo s<span class=\"_ _1c\"></span>ostanzi<span class=\"_ _1\"></span>alme<span class=\"_ _1c\"></span>nte tutti i risch<span class=\"_ _0\"></span>i/benefici ad esse connes<span class=\"_ _0\"></span>si.<span class=\"ls1 ws1\"> </span>Valutazione suc<span class=\"_ _0\"></span>cessiva e rilevazione delle<span class=\"_ _0\"></span> <span class=\"ls35 ws1f\">componenti r<span class=\"_ _0\"></span>edditu<span class=\"_ _0\"></span>ali</span><span class=\"ls35 ws1f\"><span class=\"ls1 ws1\"> </span></span>Dopo la r<span class=\"_ _0\"></span>ilevazione iniziale,<span class=\"_ _0\"></span> le attivit<span class=\"_ _0\"></span>\u00e0 finanziarie in oggetto<span class=\"_ _0\"></span> sono valutate su<span class=\"_ _0\"></span>lla base del costo<span class=\"_ _4ac\"> </span> ammortizz<span class=\"_ _0\"></span>ato, pari al valore di prima iscrizione dim<span class=\"_ _0\"></span>inuito/aumentato dei r<span class=\"_ _0\"></span>imborsi di capitale,<span class=\"_ _4ac\"> </span> delle rett<span class=\"_ _0\"></span>ifiche/riprese di valore e<span class=\"_ _0\"></span> della differenza tra l\u2019a<span class=\"ls31 ws1cd\">mm<span class=\"_ _0\"></span>ontare<span class=\"_ _0\"></span> eroga<span class=\"_ _0\"></span>to e <span class=\"_ _0\"></span>quello<span class=\"_ _4ac\"> </span></span><span class=\"ls31 ws1cd\"> </span>rimb<span class=\"_ _1\"></span>orsabi<span class=\"_ _1\"></span>le a s<span class=\"_ _1\"></span>cadenz<span class=\"_ _1c\"></span>a, calcol<span class=\"_ _1\"></span>ato c<span class=\"_ _1\"></span>on il me<span class=\"_ _1c\"></span>todo del tas<span class=\"_ _1c\"></span>so di int<span class=\"_ _1\"></span>eress<span class=\"_ _1\"></span>e effe<span class=\"_ _1\"></span>ttivo<span class=\"_ _1\"></span>. Il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1c\"></span>el<span class=\"_ _4ac\"> </span> costo ammortiz<span class=\"_ _0\"></span>zato non viene utilizzato per i cr<span class=\"_ _0\"></span>editi la cui breve durata (infer<span class=\"_ _0\"></span>iore ai 12 mesi) fa<span class=\"_ _4ac\"> </span> riten<span class=\"_ _1\"></span>ere t<span class=\"_ _1\"></span>rascura<span class=\"_ _1\"></span>bile l<span class=\"_ _1\"></span>\u2019eff<span class=\"_ _1\"></span>etto d<span class=\"ls0 ws82\">ell\u2019applicazione della logica di attualizz<span class=\"_ _0\"></span>azione. Il tasso di interesse<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws82\"> </span>effett<span class=\"_ _0\"></span>ivo \u00e8 individuato calcolando il tasso che eguaglia il valore attuale dei flussi futuri del<span class=\"_ _4ac\"> </span> credito (capit<span class=\"_ _0\"></span>ale ed interessi) al valore<span class=\"_ _0\"></span> di prima iscrizione. <span class=\"ls1 ws1\"> </span>In acc<span class=\"_ _1\"></span>ordo c<span class=\"_ _1\"></span>on l\u2019IFR<span class=\"_ _1c\"></span>S<span class=\"_ _0\"></span> 9, <span class=\"_ _1\"></span>le even<span class=\"_ _1\"></span>tuali p<span class=\"_ _1\"></span>erdite d<span class=\"_ _1\"></span>i va<span class=\"_ _1\"></span>lore at<span class=\"_ _1\"></span>tese ve<span class=\"_ _1\"></span>ngon<span class=\"_ _1\"></span>o deter<span class=\"_ _1\"></span>minat<span class=\"_ _1\"></span>e in u<span class=\"_ _1\"></span>n\u2019otti<span class=\"_ _1\"></span>ca<span class=\"_ _4ac\"> </span> \u2018f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>ard<span class=\"_ _13\"></span> lo<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>, \u2019<span class=\"ff1 ls1 ws1\"> <span class=\"lsf ws1f\">lung<span class=\"_ _1\"></span>o tut<span class=\"_ _1\"></span>ta la v<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>redi<span class=\"_ _1\"></span>ti (<span class=\"_ _1\"></span><span class=\"ff5 ls3a ws33d\">Ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted cre<span class=\"_ _0\"></span>di<span class=\"_ _1c\"></span>t l<span class=\"_ _1\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ff1 ls11 ws5\">). </span></span></span></span><span class=\"ff1 ls1 ws1\"><span class=\"lsf ws1f\"><span class=\"ff5 ls3a ws33d\"><span class=\"ff1 ls11 ws5\"><span class=\"ls1 ws1\"> </span></span></span></span></span>I cri<span class=\"_ _1\"></span>teri d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>utaz<span class=\"_ _1\"></span>ione <span class=\"_ _1\"></span>sono s<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>ttam<span class=\"_ _1\"></span>ente c<span class=\"_ _1c\"></span>onnessi a<span class=\"_ _1\"></span>llo s<span class=\"_ _1c\"></span>tadio (\u201c<span class=\"_ _1\"></span>stag<span class=\"_ _1\"></span>e<span class=\"ff5 ls34 wsd0\">\u201d)</span><span class=\"ls1 ws1\"> <span class=\"_ _15\"> </span><span class=\"ls0 wsf3\">cu<span class=\"_ _0\"></span>i il credito viene<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 wsf3\"> </span></span>classifica<span class=\"_ _0\"></span>to, in particolare:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1d ws2a\">st<span class=\"_ _0\"></span>age 1 </span><span class=\"ff1\">\u2013 <span class=\"ls0 ws77\">accoglie le attivit\u00e0 finanziarie<span class=\"_ _0\"></span> per cui non c\u2019\u00e8 stato un deterioramento signific<span class=\"_ _0\"></span>ativo<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"ls0 ws77\"> </span></span></span>nella qu<span class=\"_ _0\"></span>alit\u00e0 del credito dalla data di r<span class=\"_ _0\"></span>ilevazione<span class=\"_ _0\"></span> iniziale o<span class=\"_ _0\"></span>ppure con un rischio di cr<span class=\"_ _0\"></span>edito<span class=\"_ _4ac\"> </span> basso <span class=\"ls1 ws1\"> </span>(cred<span class=\"_ _1\"></span>iti i<span class=\"_ _1c\"></span>n boni<span class=\"_ _1\"></span>s).<span class=\"_ _1\"></span> Per q<span class=\"_ _1c\"></span>ueste a<span class=\"_ _1\"></span>ttiv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nziari<span class=\"_ _1c\"></span>e vien<span class=\"_ _1\"></span>e ril<span class=\"_ _1\"></span>evata<span class=\"_ _1c\"></span> una sv<span class=\"_ _1c\"></span>alutazi<span class=\"_ _1c\"></span>one pari<span class=\"_ _1c\"></span> all<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span> perdit<span class=\"_ _1\"></span>e att<span class=\"_ _1\"></span>ese nei s<span class=\"_ _1c\"></span>uccessivi<span class=\"_ _1\"></span> 12 mesi<span class=\"_ _1\"></span> (12<span class=\"_ _1\"></span> <span class=\"ff5 ls54 ws33e\">mo<span class=\"_ _1c\"></span>nt<span class=\"_ _d\"></span>h ex<span class=\"_ _1c\"></span>pec<span class=\"_ _d\"></span>t<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span> c<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>edi<span class=\"_ _7\"></span>t<span class=\"_ _1\"></span> l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls32 ws5e\">);<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls54 ws33e\"><span class=\"ff1 ls32 ws5e\"><span class=\"ls1 ws1\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1d wsb8\">st<span class=\"_ _0\"></span>age 2 <span class=\"_ _0\"></span></span><span class=\"ff1\">\u2013 <span class=\"_ _17\"> </span><span class=\"ls0 ws81\">accoglie i crediti <span class=\"ff5 ls11f ws33f\">un<span class=\"_ _0\"></span>de<span class=\"_ _13\"></span>r</span></span><span class=\"ff5\">-<span class=\"ls11 ws5\">p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span></span></span><span class=\"lsf wsd2\">, ossi<span class=\"_ _1\"></span>a i cr<span class=\"_ _1\"></span>editi<span class=\"_ _1\"></span> ove vi<span class=\"_ _1\"></span> \u00e8 sta<span class=\"_ _1\"></span>to un a<span class=\"_ _1\"></span>ument<span class=\"_ _1c\"></span>o<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"lsf wsd2\"> </span></span></span>significat<span class=\"_ _0\"></span>ivo del rischio di cre<span class=\"_ _0\"></span>dito (\u201csignificativo<span class=\"_ _0\"></span> deterioramento\u201d) r<span class=\"_ _0\"></span>ispetto all\u2019iscr<span class=\"_ _0\"></span>izione<span class=\"_ _4ac\"> </span> iniziale, m<span class=\"_ _0\"></span>a per i quali non si <span class=\"_ _1\"></span>ha un\u2019obiett<span class=\"_ _0\"></span>iva evidenza di un evento di perdita. Per queste<span class=\"_ _4ac\"> </span> attivit\u00e0 fin<span class=\"_ _0\"></span>anziarie la s<span class=\"ls11 ws140\">valutazione \u00e8 determinata sulla base della perdita attesa complessiva<span class=\"_ _4ac\"> </span></span><span class=\"ls11 ws140\"><span class=\"_ _1\"></span> </span>(<span class=\"ff5 ls54 ws340\">l<span class=\"_ _d\"></span>i<span class=\"_ _d\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>me ex<span class=\"_ _1\"></span>p<span class=\"_ _1c\"></span>ec<span class=\"_ _1c\"></span>ted<span class=\"_ _1c\"></span> c<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>t<span class=\"_ _1c\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls11 ws5\">);<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls54 ws340\"><span class=\"ff1 ls11 ws5\"><span class=\"ls1 ws1\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1c wsff\">stage 3 </span><span class=\"ff1\">\u2013 <span class=\"_ _0\"></span><span class=\"ls0 ws54\">accoglie i cr<span class=\"_ _0\"></span>editi <span class=\"ff5 ls120 wsc7\">non perfor<span class=\"_ _1c\"></span>m<span class=\"_ _13\"></span>i<span class=\"_ _1c\"></span>ng<span class=\"ff1 ls0 ws54\">, ovvero quelle<span class=\"_ _0\"></span> attivit\u00e0 finanziarie per<span class=\"_ _0\"></span> le quali ci<span class=\"_ _4ac\"> </span></span></span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"ls0 ws54\"><span class=\"ff5 ls120 wsc7\"><span class=\"ff1 ls0 ws54\"><span class=\"_ _1\"></span> </span></span></span></span></span>sia un\u2019obiettiva ev<span class=\"_ _0\"></span>idenza di perdita alla data di bilancio. I<span class=\"_ _0\"></span>n questo caso \u00e8 necessario<span class=\"_ _4ac\"> </span> determin<span class=\"_ _0\"></span>are la svalutazione in una misura pari alla perdita attesa complessiva (<span class=\"ff5 ls11 ws5\">lif<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>e<span class=\"_ _4ac\"> </span></span><span class=\"ff5 ls11 ws5\"><span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> </span>ex<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ec<span class=\"_ _1c\"></span>t<span class=\"_ _1c\"></span>ed c<span class=\"_ _d\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span> l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls0 ws1d7\">). In<span class=\"_ _0\"></span> tali circostanze il pro<span class=\"_ _0\"></span>cesso di valut<span class=\"_ _0\"></span>azione \u00e8 analitico e<span class=\"_ _4ac\"> </span></span><span class=\"ff1 ls0 ws1d7\"> </span>deter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r categ<span class=\"_ _1c\"></span>orie omog<span class=\"_ _1\"></span>enee e<span class=\"_ _1c\"></span> attrib<span class=\"_ _1\"></span>uito anal<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte ad<span class=\"_ _1\"></span> ogni p<span class=\"_ _1\"></span>osizi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>,<span class=\"_ _4ac\"> </span> ten<span class=\"_ _1\"></span>endo i<span class=\"_ _1\"></span>n cons<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>razi<span class=\"_ _1\"></span>oni i<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mazio<span class=\"_ _1c\"></span>ni <span class=\"ff5 ls11 ws141\">f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>ard<span class=\"_ _0\"></span> lo<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> </span><span class=\"ls0 ws76\">ed i poss<span class=\"_ _0\"></span>ibili scenari alternat<span class=\"_ _0\"></span>ivi di<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws76\"> </span>recup<span class=\"_ _1c\"></span>ero.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>L\u2019<span class=\"ff5 ls3a wsbc\">Expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d cr<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>dit l<span class=\"_ _d\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s <span class=\"ff1 ls0 wse0\">(ECL) \u00e8<span class=\"_ _0\"></span> definito dal principio come la media delle<span class=\"_ _0\"></span> perdite su crediti<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls3a wsbc\"><span class=\"ff1 ls0 wse0\"> </span></span>pond<span class=\"_ _1c\"></span>erata pe<span class=\"_ _1\"></span>r i risp<span class=\"_ _1c\"></span>ettivi ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi di i<span class=\"_ _1\"></span>nadem<span class=\"_ _1\"></span>pime<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span>. In gen<span class=\"_ _1\"></span>eral<span class=\"_ _1\"></span>e, tal<span class=\"_ _1\"></span>e stima<span class=\"_ _1\"></span> pre<span class=\"_ _1\"></span>nde i<span class=\"_ _1c\"></span>n<span class=\"_ _4ac\"> </span> considerazione<span class=\"_ _0\"></span> tre parametri di rischio: (i) la probabilit\u00e0 di default, (ii) la percentuale<span class=\"_ _0\"></span> di perdi<span class=\"ls32 ws5e\">ta<span class=\"_ _4ac\"> </span></span><span class=\"ls32 ws5e\"> </span>in caso d\u2019insolv<span class=\"_ _0\"></span>enza e (iii) la stima dell\u2019esposizion<span class=\"_ _0\"></span>e creditizia al verific<span class=\"_ _0\"></span>arsi dell\u2019insolvenz<span class=\"_ _0\"></span>a.<span class=\"_ _4ac\"> </span>Qualora<span class=\"_ _0\"></span> i motivi della perdit<span class=\"_ _0\"></span>a di valore siano r<span class=\"_ _0\"></span>imossi a seguito di un<span class=\"_ _0\"></span> evento verific<span class=\"_ _0\"></span>atosi<span class=\"_ _4ac\"> </span> successivamente<span class=\"_ _0\"></span> alla rilevazione della r<span class=\"_ _0\"></span>iduzione di valore, vengono<span class=\"_ _0\"></span> effettuate riprese<span class=\"_ _0\"></span> di valore<span class=\"_ _4ac\"> </span> con imp<span class=\"_ _1c\"></span>utazion<span class=\"_ _1\"></span>e a Con<span class=\"_ _1\"></span>to Eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>co. La r<span class=\"_ _1\"></span>ipresa<span class=\"_ _1\"></span> di val<span class=\"_ _1\"></span>ore no<span class=\"_ _1\"></span>n pu\u00f2 ecc<span class=\"_ _1c\"></span>e<span class=\"ls31 ws191\">der<span class=\"_ _0\"></span>e il c<span class=\"_ _0\"></span>osto<span class=\"_ _4ac\"> </span></span><span class=\"ls31 ws191\"> </span>ammo<span class=\"_ _1c\"></span>rtizzat<span class=\"_ _1\"></span>o che<span class=\"_ _1\"></span> lo st<span class=\"_ _1c\"></span>rument<span class=\"_ _1\"></span>o fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1\"></span>ario<span class=\"_ _1\"></span> avre<span class=\"_ _1c\"></span>bbe avu<span class=\"_ _1\"></span>to in a<span class=\"_ _1c\"></span>ssenza<span class=\"_ _1\"></span> di p<span class=\"_ _1\"></span>recede<span class=\"_ _1c\"></span>nti ret<span class=\"_ _1\"></span>tific<span class=\"_ _1c\"></span>he. <span class=\"ls1 ws1\"> </span>Cancellazion<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\"> </span>Le a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>iari<span class=\"_ _1\"></span>e va<span class=\"_ _1\"></span>luta<span class=\"_ _1\"></span>te al c<span class=\"_ _1c\"></span>osto a<span class=\"_ _1\"></span>mmorti<span class=\"_ _1c\"></span>zzato s<span class=\"_ _1c\"></span>ono ca<span class=\"_ _1\"></span>ncell<span class=\"_ _1\"></span>ate q<span class=\"_ _1c\"></span>uando <span class=\"_ _1\"></span>scado<span class=\"_ _1c\"></span>no i di<span class=\"_ _1\"></span>ritti<span class=\"_ _1c\"></span> contrattua<span class=\"_ _0\"></span>li sui flussi finan<span class=\"_ _0\"></span>ziari derivanti dalle s<span class=\"_ _0\"></span>tesse o quando sono ce<span class=\"_ _0\"></span>dute trasferendo sostanzialmente<span class=\"_ _0\"></span> tutti i rischi e benefici ad esse connesse.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-704": {
   "value": "Cancellazion<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\"> </span>Tali attivit<span class=\"_ _0\"></span>\u00e0 vengono cancellate quando scadono i diritti contrattuali sui flussi finanziari derivati dal<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1\"></span> stes<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>, o q<span class=\"_ _1\"></span>uand<span class=\"_ _1\"></span>o ve<span class=\"_ _1\"></span>ngono<span class=\"_ _1\"></span> cedu<span class=\"_ _1c\"></span>te trasf<span class=\"_ _1c\"></span>erendo<span class=\"_ _1\"></span> tutti<span class=\"_ _1c\"></span> o sost<span class=\"_ _1\"></span>anzia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte <span class=\"_ _1\"></span>tutti<span class=\"_ _1\"></span> i ris<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span> e benef<span class=\"_ _1\"></span>ici a<span class=\"_ _1\"></span>d esse <span class=\"_ _1\"></span>conn<span class=\"_ _1\"></span>esse.<span class=\"_ _4ac\"> </span>Cancellazion<span class=\"_ _0\"></span>e <span class=\"ls1 ws1\"> </span>Le at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rie v<span class=\"_ _1\"></span>engon<span class=\"_ _1c\"></span>o cancel<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>e quand<span class=\"_ _1c\"></span>o sono c<span class=\"_ _1\"></span>edut<span class=\"_ _1\"></span>e trasf<span class=\"_ _1c\"></span>erendo s<span class=\"_ _1c\"></span>ostanzi<span class=\"_ _1\"></span>alme<span class=\"_ _1c\"></span>nte tutti i risch<span class=\"_ _0\"></span>i/benefici ad esse connes<span class=\"_ _0\"></span>si.<span class=\"ls1 ws1\"> </span>Cancellazion<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\"> </span>Le a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>iari<span class=\"_ _1\"></span>e va<span class=\"_ _1\"></span>luta<span class=\"_ _1\"></span>te al c<span class=\"_ _1c\"></span>osto a<span class=\"_ _1\"></span>mmorti<span class=\"_ _1c\"></span>zzato s<span class=\"_ _1c\"></span>ono ca<span class=\"_ _1\"></span>ncell<span class=\"_ _1\"></span>ate q<span class=\"_ _1c\"></span>uando <span class=\"_ _1\"></span>scado<span class=\"_ _1c\"></span>no i di<span class=\"_ _1\"></span>ritti<span class=\"_ _1c\"></span> contrattua<span class=\"_ _0\"></span>li sui flussi finan<span class=\"_ _0\"></span>ziari derivanti dalle s<span class=\"_ _0\"></span>tesse o quando sono ce<span class=\"_ _0\"></span>dute trasferendo sostanzialmente<span class=\"_ _0\"></span> tutti i rischi e benefici ad esse connesse.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-688": {
   "value": "Attivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anzi<span class=\"_ _0\"></span>arie valutate<span class=\"_ _0\"></span> al costo<span class=\"_ _0\"></span> amm<span class=\"_ _0\"></span>ortizz<span class=\"_ _0\"></span>ato<span class=\"ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _4ac\"> </span><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs21c\">In questa categoria sono classifica<span class=\"_ _0\"></span>te le attivit\u00e0 finanziarie possedute nel quadro di un modello<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs21d\">di <span class=\"_ _0\"></span><span class=\"ls0 ws54\">bu<span class=\"_ _0\"></span>siness il cu<span class=\"_ _0\"></span>i obiettivo \u00e8 fin<span class=\"_ _0\"></span>alizzato alla raccolt<span class=\"_ _0\"></span>a dei flussi finanzia<span class=\"_ _0\"></span>ri contrattuali e<span class=\"_ _0\"></span> i termini<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws54\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws7a gs21e\">cont<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>uali d<span class=\"_ _1\"></span>ell'<span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nanzia<span class=\"_ _1c\"></span>ria prev<span class=\"_ _1\"></span>edo<span class=\"_ _1\"></span>no a <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>ermina<span class=\"_ _1c\"></span>te date<span class=\"_ _1\"></span> flus<span class=\"_ _1\"></span>si f<span class=\"_ _1\"></span>inanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span> rapp<span class=\"_ _1c\"></span>resenta<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs21f\">unicam<span class=\"_ _1c\"></span>ente da pa<span class=\"_ _1\"></span>game<span class=\"_ _1\"></span>nti del<span class=\"_ _1\"></span> capital<span class=\"_ _1c\"></span>e e dell'<span class=\"_ _1\"></span>inter<span class=\"_ _1\"></span>esse s<span class=\"_ _1\"></span><span class=\"ls0 ws15\">ull'im<span class=\"_ _0\"></span>porto del capit<span class=\"_ _0\"></span>ale da r<span class=\"_ _0\"></span>estituire.<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws15\"><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs220\">In tale categoria sono ricompresi i crediti relativi a commissioni per la gestione di patrimoni e<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs221\">gli eventuali c<span class=\"_ _0\"></span>osti anticipati a favor<span class=\"_ _0\"></span>e dei patrimoni gest<span class=\"_ _0\"></span>iti, oltre alla liqu<span class=\"_ _0\"></span>idit\u00e0 depositata pre<span class=\"_ _0\"></span>sso<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs222\">conti<span class=\"_ _1\"></span> corr<span class=\"_ _1c\"></span>enti ba<span class=\"_ _1\"></span>ncari<span class=\"_ _1\"></span> non<span class=\"_ _1c\"></span> a vista<span class=\"_ _1\"></span>.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs223\">Criteri di iscrizione, va<span class=\"_ _1\"></span>lutazione e cancellazione<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs224\">Iscrizione in<span class=\"_ _0\"></span>iziale<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs225\">Alla data di prima iscrizione le attivit\u00e0 finanziarie v<span class=\"_ _0\"></span>alutate al costo am<span class=\"_ _1\"></span>mortizz<span class=\"_ _0\"></span>ato sono rilevate<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 wsba gs226\">al loro f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>, corri<span class=\"_ _0\"></span>spondente<span class=\"_ _0\"></span> di norma all\u2019a<span class=\"_ _0\"></span>mmont<span class=\"_ _0\"></span>are eroga<span class=\"_ _0\"></span>to o al corris<span class=\"_ _0\"></span>petti<span class=\"_ _0\"></span>vo pagato, a<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs227\">cui sono aggiun<span class=\"_ _0\"></span>ti gli eventuali costi/<span class=\"_ _0\"></span>proventi di transazion<span class=\"_ _0\"></span>e di diretta imput<span class=\"_ _0\"></span>azione, se materiali<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs228\">e determinabili.<span class=\"_ _0\"></span> I crediti sono iscritt<span class=\"_ _0\"></span>i alla data di erogazione.<span class=\"ls1 ws1\"> </span></div>Valutazione suc<span class=\"_ _0\"></span>cessiva e rilevazione delle<span class=\"_ _0\"></span> <span class=\"ls35 ws1f\">componenti r<span class=\"_ _0\"></span>edditu<span class=\"_ _0\"></span>ali</span><span class=\"ls35 ws1f\"><span class=\"ls1 ws1\"> </span></span>Dopo la r<span class=\"_ _0\"></span>ilevazione iniziale,<span class=\"_ _0\"></span> le attivit<span class=\"_ _0\"></span>\u00e0 finanziarie in oggetto<span class=\"_ _0\"></span> sono valutate su<span class=\"_ _0\"></span>lla base del costo<span class=\"_ _4ac\"> </span> ammortizz<span class=\"_ _0\"></span>ato, pari al valore di prima iscrizione dim<span class=\"_ _0\"></span>inuito/aumentato dei r<span class=\"_ _0\"></span>imborsi di capitale,<span class=\"_ _4ac\"> </span> delle rett<span class=\"_ _0\"></span>ifiche/riprese di valore e<span class=\"_ _0\"></span> della differenza tra l\u2019a<span class=\"ls31 ws1cd\">mm<span class=\"_ _0\"></span>ontare<span class=\"_ _0\"></span> eroga<span class=\"_ _0\"></span>to e <span class=\"_ _0\"></span>quello<span class=\"_ _4ac\"> </span></span><span class=\"ls31 ws1cd\"> </span>rimb<span class=\"_ _1\"></span>orsabi<span class=\"_ _1\"></span>le a s<span class=\"_ _1\"></span>cadenz<span class=\"_ _1c\"></span>a, calcol<span class=\"_ _1\"></span>ato c<span class=\"_ _1\"></span>on il me<span class=\"_ _1c\"></span>todo del tas<span class=\"_ _1c\"></span>so di int<span class=\"_ _1\"></span>eress<span class=\"_ _1\"></span>e effe<span class=\"_ _1\"></span>ttivo<span class=\"_ _1\"></span>. Il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1c\"></span>el<span class=\"_ _4ac\"> </span> costo ammortiz<span class=\"_ _0\"></span>zato non viene utilizzato per i cr<span class=\"_ _0\"></span>editi la cui breve durata (infer<span class=\"_ _0\"></span>iore ai 12 mesi) fa<span class=\"_ _4ac\"> </span> riten<span class=\"_ _1\"></span>ere t<span class=\"_ _1\"></span>rascura<span class=\"_ _1\"></span>bile l<span class=\"_ _1\"></span>\u2019eff<span class=\"_ _1\"></span>etto d<span class=\"ls0 ws82\">ell\u2019applicazione della logica di attualizz<span class=\"_ _0\"></span>azione. Il tasso di interesse<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws82\"> </span>effett<span class=\"_ _0\"></span>ivo \u00e8 individuato calcolando il tasso che eguaglia il valore attuale dei flussi futuri del<span class=\"_ _4ac\"> </span> credito (capit<span class=\"_ _0\"></span>ale ed interessi) al valore<span class=\"_ _0\"></span> di prima iscrizione. <span class=\"ls1 ws1\"> </span>In acc<span class=\"_ _1\"></span>ordo c<span class=\"_ _1\"></span>on l\u2019IFR<span class=\"_ _1c\"></span>S<span class=\"_ _0\"></span> 9, <span class=\"_ _1\"></span>le even<span class=\"_ _1\"></span>tuali p<span class=\"_ _1\"></span>erdite d<span class=\"_ _1\"></span>i va<span class=\"_ _1\"></span>lore at<span class=\"_ _1\"></span>tese ve<span class=\"_ _1\"></span>ngon<span class=\"_ _1\"></span>o deter<span class=\"_ _1\"></span>minat<span class=\"_ _1\"></span>e in u<span class=\"_ _1\"></span>n\u2019otti<span class=\"_ _1\"></span>ca<span class=\"_ _4ac\"> </span> \u2018f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>ard<span class=\"_ _13\"></span> lo<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>, \u2019<span class=\"ff1 ls1 ws1\"> <span class=\"lsf ws1f\">lung<span class=\"_ _1\"></span>o tut<span class=\"_ _1\"></span>ta la v<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>redi<span class=\"_ _1\"></span>ti (<span class=\"_ _1\"></span><span class=\"ff5 ls3a ws33d\">Ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted cre<span class=\"_ _0\"></span>di<span class=\"_ _1c\"></span>t l<span class=\"_ _1\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ff1 ls11 ws5\">). </span></span></span></span><span class=\"ff1 ls1 ws1\"><span class=\"lsf ws1f\"><span class=\"ff5 ls3a ws33d\"><span class=\"ff1 ls11 ws5\"><span class=\"ls1 ws1\"> </span></span></span></span></span>I cri<span class=\"_ _1\"></span>teri d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>utaz<span class=\"_ _1\"></span>ione <span class=\"_ _1\"></span>sono s<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>ttam<span class=\"_ _1\"></span>ente c<span class=\"_ _1c\"></span>onnessi a<span class=\"_ _1\"></span>llo s<span class=\"_ _1c\"></span>tadio (\u201c<span class=\"_ _1\"></span>stag<span class=\"_ _1\"></span>e<span class=\"ff5 ls34 wsd0\">\u201d)</span><span class=\"ls1 ws1\"> <span class=\"_ _15\"> </span><span class=\"ls0 wsf3\">cu<span class=\"_ _0\"></span>i il credito viene<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 wsf3\"> </span></span>classifica<span class=\"_ _0\"></span>to, in particolare:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1d ws2a\">st<span class=\"_ _0\"></span>age 1 </span><span class=\"ff1\">\u2013 <span class=\"ls0 ws77\">accoglie le attivit\u00e0 finanziarie<span class=\"_ _0\"></span> per cui non c\u2019\u00e8 stato un deterioramento signific<span class=\"_ _0\"></span>ativo<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"ls0 ws77\"> </span></span></span>nella qu<span class=\"_ _0\"></span>alit\u00e0 del credito dalla data di r<span class=\"_ _0\"></span>ilevazione<span class=\"_ _0\"></span> iniziale o<span class=\"_ _0\"></span>ppure con un rischio di cr<span class=\"_ _0\"></span>edito<span class=\"_ _4ac\"> </span> basso <span class=\"ls1 ws1\"> </span>(cred<span class=\"_ _1\"></span>iti i<span class=\"_ _1c\"></span>n boni<span class=\"_ _1\"></span>s).<span class=\"_ _1\"></span> Per q<span class=\"_ _1c\"></span>ueste a<span class=\"_ _1\"></span>ttiv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nziari<span class=\"_ _1c\"></span>e vien<span class=\"_ _1\"></span>e ril<span class=\"_ _1\"></span>evata<span class=\"_ _1c\"></span> una sv<span class=\"_ _1c\"></span>alutazi<span class=\"_ _1c\"></span>one pari<span class=\"_ _1c\"></span> all<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span> perdit<span class=\"_ _1\"></span>e att<span class=\"_ _1\"></span>ese nei s<span class=\"_ _1c\"></span>uccessivi<span class=\"_ _1\"></span> 12 mesi<span class=\"_ _1\"></span> (12<span class=\"_ _1\"></span> <span class=\"ff5 ls54 ws33e\">mo<span class=\"_ _1c\"></span>nt<span class=\"_ _d\"></span>h ex<span class=\"_ _1c\"></span>pec<span class=\"_ _d\"></span>t<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span> c<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>edi<span class=\"_ _7\"></span>t<span class=\"_ _1\"></span> l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls32 ws5e\">);<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls54 ws33e\"><span class=\"ff1 ls32 ws5e\"><span class=\"ls1 ws1\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1d wsb8\">st<span class=\"_ _0\"></span>age 2 <span class=\"_ _0\"></span></span><span class=\"ff1\">\u2013 <span class=\"_ _17\"> </span><span class=\"ls0 ws81\">accoglie i crediti <span class=\"ff5 ls11f ws33f\">un<span class=\"_ _0\"></span>de<span class=\"_ _13\"></span>r</span></span><span class=\"ff5\">-<span class=\"ls11 ws5\">p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span></span></span><span class=\"lsf wsd2\">, ossi<span class=\"_ _1\"></span>a i cr<span class=\"_ _1\"></span>editi<span class=\"_ _1\"></span> ove vi<span class=\"_ _1\"></span> \u00e8 sta<span class=\"_ _1\"></span>to un a<span class=\"_ _1\"></span>ument<span class=\"_ _1c\"></span>o<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"lsf wsd2\"> </span></span></span>significat<span class=\"_ _0\"></span>ivo del rischio di cre<span class=\"_ _0\"></span>dito (\u201csignificativo<span class=\"_ _0\"></span> deterioramento\u201d) r<span class=\"_ _0\"></span>ispetto all\u2019iscr<span class=\"_ _0\"></span>izione<span class=\"_ _4ac\"> </span> iniziale, m<span class=\"_ _0\"></span>a per i quali non si <span class=\"_ _1\"></span>ha un\u2019obiett<span class=\"_ _0\"></span>iva evidenza di un evento di perdita. Per queste<span class=\"_ _4ac\"> </span> attivit\u00e0 fin<span class=\"_ _0\"></span>anziarie la s<span class=\"ls11 ws140\">valutazione \u00e8 determinata sulla base della perdita attesa complessiva<span class=\"_ _4ac\"> </span></span><span class=\"ls11 ws140\"><span class=\"_ _1\"></span> </span>(<span class=\"ff5 ls54 ws340\">l<span class=\"_ _d\"></span>i<span class=\"_ _d\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>me ex<span class=\"_ _1\"></span>p<span class=\"_ _1c\"></span>ec<span class=\"_ _1c\"></span>ted<span class=\"_ _1c\"></span> c<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>t<span class=\"_ _1c\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls11 ws5\">);<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls54 ws340\"><span class=\"ff1 ls11 ws5\"><span class=\"ls1 ws1\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1c wsff\">stage 3 </span><span class=\"ff1\">\u2013 <span class=\"_ _0\"></span><span class=\"ls0 ws54\">accoglie i cr<span class=\"_ _0\"></span>editi <span class=\"ff5 ls120 wsc7\">non perfor<span class=\"_ _1c\"></span>m<span class=\"_ _13\"></span>i<span class=\"_ _1c\"></span>ng<span class=\"ff1 ls0 ws54\">, ovvero quelle<span class=\"_ _0\"></span> attivit\u00e0 finanziarie per<span class=\"_ _0\"></span> le quali ci<span class=\"_ _4ac\"> </span></span></span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"ls0 ws54\"><span class=\"ff5 ls120 wsc7\"><span class=\"ff1 ls0 ws54\"><span class=\"_ _1\"></span> </span></span></span></span></span>sia un\u2019obiettiva ev<span class=\"_ _0\"></span>idenza di perdita alla data di bilancio. I<span class=\"_ _0\"></span>n questo caso \u00e8 necessario<span class=\"_ _4ac\"> </span> determin<span class=\"_ _0\"></span>are la svalutazione in una misura pari alla perdita attesa complessiva (<span class=\"ff5 ls11 ws5\">lif<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>e<span class=\"_ _4ac\"> </span></span><span class=\"ff5 ls11 ws5\"><span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> </span>ex<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ec<span class=\"_ _1c\"></span>t<span class=\"_ _1c\"></span>ed c<span class=\"_ _d\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span> l<span class=\"_ _d\"></span>os<span class=\"_ _1c\"></span>ses<span class=\"_ _1\"></span><span class=\"ff1 ls0 ws1d7\">). In<span class=\"_ _0\"></span> tali circostanze il pro<span class=\"_ _0\"></span>cesso di valut<span class=\"_ _0\"></span>azione \u00e8 analitico e<span class=\"_ _4ac\"> </span></span><span class=\"ff1 ls0 ws1d7\"> </span>deter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r categ<span class=\"_ _1c\"></span>orie omog<span class=\"_ _1\"></span>enee e<span class=\"_ _1c\"></span> attrib<span class=\"_ _1\"></span>uito anal<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte ad<span class=\"_ _1\"></span> ogni p<span class=\"_ _1\"></span>osizi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>,<span class=\"_ _4ac\"> </span> ten<span class=\"_ _1\"></span>endo i<span class=\"_ _1\"></span>n cons<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>razi<span class=\"_ _1\"></span>oni i<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mazio<span class=\"_ _1c\"></span>ni <span class=\"ff5 ls11 ws141\">f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>ard<span class=\"_ _0\"></span> lo<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> </span><span class=\"ls0 ws76\">ed i poss<span class=\"_ _0\"></span>ibili scenari alternat<span class=\"_ _0\"></span>ivi di<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws76\"> </span>recup<span class=\"_ _1c\"></span>ero.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>L\u2019<span class=\"ff5 ls3a wsbc\">Expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d cr<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>dit l<span class=\"_ _d\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s <span class=\"ff1 ls0 wse0\">(ECL) \u00e8<span class=\"_ _0\"></span> definito dal principio come la media delle<span class=\"_ _0\"></span> perdite su crediti<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls3a wsbc\"><span class=\"ff1 ls0 wse0\"> </span></span>pond<span class=\"_ _1c\"></span>erata pe<span class=\"_ _1\"></span>r i risp<span class=\"_ _1c\"></span>ettivi ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi di i<span class=\"_ _1\"></span>nadem<span class=\"_ _1\"></span>pime<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span>. In gen<span class=\"_ _1\"></span>eral<span class=\"_ _1\"></span>e, tal<span class=\"_ _1\"></span>e stima<span class=\"_ _1\"></span> pre<span class=\"_ _1\"></span>nde i<span class=\"_ _1c\"></span>n<span class=\"_ _4ac\"> </span> considerazione<span class=\"_ _0\"></span> tre parametri di rischio: (i) la probabilit\u00e0 di default, (ii) la percentuale<span class=\"_ _0\"></span> di perdi<span class=\"ls32 ws5e\">ta<span class=\"_ _4ac\"> </span></span><span class=\"ls32 ws5e\"> </span>in caso d\u2019insolv<span class=\"_ _0\"></span>enza e (iii) la stima dell\u2019esposizion<span class=\"_ _0\"></span>e creditizia al verific<span class=\"_ _0\"></span>arsi dell\u2019insolvenz<span class=\"_ _0\"></span>a.<span class=\"_ _4ac\"> </span>Qualora<span class=\"_ _0\"></span> i motivi della perdit<span class=\"_ _0\"></span>a di valore siano r<span class=\"_ _0\"></span>imossi a seguito di un<span class=\"_ _0\"></span> evento verific<span class=\"_ _0\"></span>atosi<span class=\"_ _4ac\"> </span> successivamente<span class=\"_ _0\"></span> alla rilevazione della r<span class=\"_ _0\"></span>iduzione di valore, vengono<span class=\"_ _0\"></span> effettuate riprese<span class=\"_ _0\"></span> di valore<span class=\"_ _4ac\"> </span> con imp<span class=\"_ _1c\"></span>utazion<span class=\"_ _1\"></span>e a Con<span class=\"_ _1\"></span>to Eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>co. La r<span class=\"_ _1\"></span>ipresa<span class=\"_ _1\"></span> di val<span class=\"_ _1\"></span>ore no<span class=\"_ _1\"></span>n pu\u00f2 ecc<span class=\"_ _1c\"></span>e<span class=\"ls31 ws191\">der<span class=\"_ _0\"></span>e il c<span class=\"_ _0\"></span>osto<span class=\"_ _4ac\"> </span></span><span class=\"ls31 ws191\"> </span>ammo<span class=\"_ _1c\"></span>rtizzat<span class=\"_ _1\"></span>o che<span class=\"_ _1\"></span> lo st<span class=\"_ _1c\"></span>rument<span class=\"_ _1\"></span>o fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1\"></span>ario<span class=\"_ _1\"></span> avre<span class=\"_ _1c\"></span>bbe avu<span class=\"_ _1\"></span>to in a<span class=\"_ _1c\"></span>ssenza<span class=\"_ _1\"></span> di p<span class=\"_ _1\"></span>recede<span class=\"_ _1c\"></span>nti ret<span class=\"_ _1\"></span>tific<span class=\"_ _1c\"></span>he. <span class=\"ls1 ws1\"> </span>Cancellazion<span class=\"_ _0\"></span>e<span class=\"ls1 ws1\"> </span>Le a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>iari<span class=\"_ _1\"></span>e va<span class=\"_ _1\"></span>luta<span class=\"_ _1\"></span>te al c<span class=\"_ _1c\"></span>osto a<span class=\"_ _1\"></span>mmorti<span class=\"_ _1c\"></span>zzato s<span class=\"_ _1c\"></span>ono ca<span class=\"_ _1\"></span>ncell<span class=\"_ _1\"></span>ate q<span class=\"_ _1c\"></span>uando <span class=\"_ _1\"></span>scado<span class=\"_ _1c\"></span>no i di<span class=\"_ _1\"></span>ritti<span class=\"_ _1c\"></span> contrattua<span class=\"_ _0\"></span>li sui flussi finan<span class=\"_ _0\"></span>ziari derivanti dalle s<span class=\"_ _0\"></span>tesse o quando sono ce<span class=\"_ _0\"></span>dute trasferendo sostanzialmente<span class=\"_ _0\"></span> tutti i rischi e benefici ad esse connesse.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-689": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs231\">Parteci<span class=\"_ _0\"></span>pazio<span class=\"_ _0\"></span>ni<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs232\">Criteri di classificazione, iscrizio<span class=\"_ _1\"></span>ne e valutazione<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws147 gs233\">La voc<span class=\"_ _1\"></span>e includ<span class=\"_ _1\"></span>e le in<span class=\"_ _1\"></span>teresse<span class=\"_ _1\"></span>nze det<span class=\"_ _1\"></span>enut<span class=\"_ _1\"></span>e in soci<span class=\"_ _1\"></span>et\u00e0 coll<span class=\"_ _1\"></span>egate<span class=\"_ _1\"></span>. Una so<span class=\"_ _1\"></span>ciet<span class=\"_ _1\"></span>\u00e0 colleg<span class=\"_ _1\"></span>ata \u00e8 un\u2019i<span class=\"_ _1c\"></span>mpresa </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws6b gs234\">nella<span class=\"_ _1\"></span> qual<span class=\"_ _1c\"></span>e si ese<span class=\"_ _1\"></span>rcita<span class=\"_ _1\"></span> un\u2019i<span class=\"_ _1\"></span>nflu<span class=\"_ _1\"></span>enza n<span class=\"_ _1\"></span>otev<span class=\"_ _1\"></span>ole, c<span class=\"_ _1c\"></span>he non ri<span class=\"_ _1\"></span>sulta<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>ntrol<span class=\"_ _1\"></span>lata<span class=\"_ _1\"></span> in ma<span class=\"_ _1\"></span>niera<span class=\"_ _1\"></span> escl<span class=\"_ _1c\"></span>usiva o<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws114 gs235\">in modo con<span class=\"_ _0\"></span>giunto. L\u2019influen<span class=\"_ _0\"></span>za notevol<span class=\"_ _0\"></span>e si presume in tutt<span class=\"_ _0\"></span>i <span class=\"ls0 wsb9\">i <span class=\"_ _1\"></span>casi in cui si detiene il 20% dei </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1a2 gs236\">diritt<span class=\"_ _0\"></span>i di voto (inclusi i diritti di voto \u201cpotenziali\u201d) o un<span class=\"_ _0\"></span>a quota superiore o quando, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gs237\">indipendentemente<span class=\"_ _0\"></span> dalla quota posseduta, sus<span class=\"_ _0\"></span>sista il potere di partec<span class=\"_ _0\"></span>ipare alle decision<span class=\"_ _0\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs238\">gestion<span class=\"_ _0\"></span>ali e finanziarie d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>impresa, in<span class=\"ls1 ws1\"> </span>virt<span class=\"_ _0\"></span>\u00f9 di particolari legami giuridici (i.e. patti paras<span class=\"_ _0\"></span>ociali), </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws157 gs239\">senz<span class=\"_ _1\"></span>a tutta<span class=\"_ _1\"></span>via a<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>ne il<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>ollo. C<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>aria<span class=\"_ _1\"></span>mente<span class=\"_ _1c\"></span>, non son<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>side<span class=\"_ _1\"></span>rate s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>e ad<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws59 gs23a\">infl<span class=\"_ _1\"></span>uenza<span class=\"_ _1c\"></span> notevo<span class=\"_ _1\"></span>le alc<span class=\"_ _1c\"></span>une in<span class=\"_ _1\"></span>teres<span class=\"_ _1\"></span>senz<span class=\"_ _1\"></span>e supe<span class=\"_ _1c\"></span>riori al<span class=\"_ _1\"></span> 20<span class=\"_ _1\"></span>% qua<span class=\"_ _1\"></span>ndo si<span class=\"_ _1\"></span> dete<span class=\"_ _1c\"></span>ngono e<span class=\"_ _1\"></span>scl<span class=\"_ _1\"></span>usivam<span class=\"_ _1c\"></span>ente </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs23b\">diritt<span class=\"_ _0\"></span>i patrimoniali, senza avere accesso alle politich<span class=\"_ _0\"></span>e di gestione e con diritti di governance </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs23c\">limitat<span class=\"_ _0\"></span>i a tutelare gli interessi patr<span class=\"_ _0\"></span>imoniali. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs23d\">Le partecipazion<span class=\"_ _0\"></span>i sono rilevate<span class=\"_ _0\"></span> al costo e contabilizzate<span class=\"_ _0\"></span> in base al metodo del patr<span class=\"_ _0\"></span>imonio netto. </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs23e\">Se esistono e<span class=\"_ _0\"></span>videnze che il valo<span class=\"_ _0\"></span>re di una partec<span class=\"_ _0\"></span>ipazione possa aver<span class=\"_ _0\"></span> subito una riduzione,<span class=\"_ _0\"></span> si </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs23f\">procede alla stim<span class=\"_ _0\"></span>a del valore recuperabile della partecipazion<span class=\"_ _0\"></span>e s<span class=\"ls31 ws94\">tessa, te<span class=\"_ _0\"></span>nendo<span class=\"_ _0\"></span> conto del v<span class=\"_ _0\"></span>alore </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs240\">attuale dei fluss<span class=\"_ _0\"></span>i finanziari futuri che la parte<span class=\"_ _0\"></span>cipazione potr\u00e0 generare, inclus<span class=\"_ _0\"></span>o il valore di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs241\">dismissione finale dell\u2019<span class=\"_ _0\"></span>investimento. Qualora il valore di recupero risulti inferiore al valore </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs242\">contabile,<span class=\"_ _0\"></span> la relativa differenza \u00e8 rilevata a conto economico. Qualora i mot<span class=\"_ _0\"></span>ivi della perdita di<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs243\">valore siano<span class=\"_ _0\"></span> rimossi a seguito<span class=\"_ _0\"></span> di un evento verificato<span class=\"_ _0\"></span>si successivamente<span class=\"_ _0\"></span> alla rilevazione de<span class=\"_ _0\"></span>lla </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs244\">riduzi<span class=\"_ _1c\"></span>one di va<span class=\"_ _1\"></span>lore<span class=\"_ _1\"></span>, ve<span class=\"_ _1\"></span>ngono <span class=\"_ _1c\"></span>effettua<span class=\"_ _1\"></span>te rip<span class=\"_ _1\"></span>rese<span class=\"_ _1\"></span> di v<span class=\"_ _1\"></span>alore c<span class=\"_ _1c\"></span>on imputa<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>cono<span class=\"_ _1\"></span>mico.<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws2 gs245\">Cancellazione<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs246\">Le partecipaz<span class=\"_ _0\"></span>ioni vengono cancellate quando scadono<span class=\"_ _0\"></span> i diritti contrattuali sui flussi fin<span class=\"_ _0\"></span>anziari </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws14f gs247\">derivati dalle att<span class=\"_ _0\"></span>ivit\u00e0 stesse o quando la partecipaz<span class=\"_ _0\"></span>ione viene ceduta trasferendo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs248\">sostanzialmente<span class=\"_ _0\"></span> tutti i rischi e benefici ad essa conne<span class=\"_ _0\"></span>ssi.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": "Parteci<span class=\"_ _0\"></span>pazio<span class=\"_ _0\"></span>ni<span class=\"ls1 ws1\"> </span>Criteri di classificazione, iscrizio<span class=\"_ _1\"></span>ne e valutazione<span class=\"ls1 ws1\"> </span>La voc<span class=\"_ _1\"></span>e includ<span class=\"_ _1\"></span>e le in<span class=\"_ _1\"></span>teresse<span class=\"_ _1\"></span>nze det<span class=\"_ _1\"></span>enut<span class=\"_ _1\"></span>e in soci<span class=\"_ _1\"></span>et\u00e0 coll<span class=\"_ _1\"></span>egate<span class=\"_ _1\"></span>. Una so<span class=\"_ _1\"></span>ciet<span class=\"_ _1\"></span>\u00e0 colleg<span class=\"_ _1\"></span>ata \u00e8 un\u2019i<span class=\"_ _1c\"></span>mpresa nella<span class=\"_ _1\"></span> qual<span class=\"_ _1c\"></span>e si ese<span class=\"_ _1\"></span>rcita<span class=\"_ _1\"></span> un\u2019i<span class=\"_ _1\"></span>nflu<span class=\"_ _1\"></span>enza n<span class=\"_ _1\"></span>otev<span class=\"_ _1\"></span>ole, c<span class=\"_ _1c\"></span>he non ri<span class=\"_ _1\"></span>sulta<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>ntrol<span class=\"_ _1\"></span>lata<span class=\"_ _1\"></span> in ma<span class=\"_ _1\"></span>niera<span class=\"_ _1\"></span> escl<span class=\"_ _1c\"></span>usiva o<span class=\"_ _1c\"></span> in modo con<span class=\"_ _0\"></span>giunto. L\u2019influen<span class=\"_ _0\"></span>za notevol<span class=\"_ _0\"></span>e si presume in tutt<span class=\"_ _0\"></span>i <span class=\"ls0 wsb9\">i <span class=\"_ _1\"></span>casi in cui si detiene il 20% dei </span>diritt<span class=\"_ _0\"></span>i di voto (inclusi i diritti di voto \u201cpotenziali\u201d) o un<span class=\"_ _0\"></span>a quota superiore o quando, indipendentemente<span class=\"_ _0\"></span> dalla quota posseduta, sus<span class=\"_ _0\"></span>sista il potere di partec<span class=\"_ _0\"></span>ipare alle decision<span class=\"_ _0\"></span>i gestion<span class=\"_ _0\"></span>ali e finanziarie d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>impresa, in<span class=\"ls1 ws1\"> </span>virt<span class=\"_ _0\"></span>\u00f9 di particolari legami giuridici (i.e. patti paras<span class=\"_ _0\"></span>ociali), senz<span class=\"_ _1\"></span>a tutta<span class=\"_ _1\"></span>via a<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>ne il<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>ollo. C<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>aria<span class=\"_ _1\"></span>mente<span class=\"_ _1c\"></span>, non son<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>side<span class=\"_ _1\"></span>rate s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>e ad<span class=\"_ _1\"></span> infl<span class=\"_ _1\"></span>uenza<span class=\"_ _1c\"></span> notevo<span class=\"_ _1\"></span>le alc<span class=\"_ _1c\"></span>une in<span class=\"_ _1\"></span>teres<span class=\"_ _1\"></span>senz<span class=\"_ _1\"></span>e supe<span class=\"_ _1c\"></span>riori al<span class=\"_ _1\"></span> 20<span class=\"_ _1\"></span>% qua<span class=\"_ _1\"></span>ndo si<span class=\"_ _1\"></span> dete<span class=\"_ _1c\"></span>ngono e<span class=\"_ _1\"></span>scl<span class=\"_ _1\"></span>usivam<span class=\"_ _1c\"></span>ente diritt<span class=\"_ _0\"></span>i patrimoniali, senza avere accesso alle politich<span class=\"_ _0\"></span>e di gestione e con diritti di governance limitat<span class=\"_ _0\"></span>i a tutelare gli interessi patr<span class=\"_ _0\"></span>imoniali. <span class=\"ls1 ws1\"> </span>Le partecipazion<span class=\"_ _0\"></span>i sono rilevate<span class=\"_ _0\"></span> al costo e contabilizzate<span class=\"_ _0\"></span> in base al metodo del patr<span class=\"_ _0\"></span>imonio netto. Se esistono e<span class=\"_ _0\"></span>videnze che il valo<span class=\"_ _0\"></span>re di una partec<span class=\"_ _0\"></span>ipazione possa aver<span class=\"_ _0\"></span> subito una riduzione,<span class=\"_ _0\"></span> si procede alla stim<span class=\"_ _0\"></span>a del valore recuperabile della partecipazion<span class=\"_ _0\"></span>e s<span class=\"ls31 ws94\">tessa, te<span class=\"_ _0\"></span>nendo<span class=\"_ _0\"></span> conto del v<span class=\"_ _0\"></span>alore </span>attuale dei fluss<span class=\"_ _0\"></span>i finanziari futuri che la parte<span class=\"_ _0\"></span>cipazione potr\u00e0 generare, inclus<span class=\"_ _0\"></span>o il valore di dismissione finale dell\u2019<span class=\"_ _0\"></span>investimento. Qualora il valore di recupero risulti inferiore al valore contabile,<span class=\"_ _0\"></span> la relativa differenza \u00e8 rilevata a conto economico. Qualora i mot<span class=\"_ _0\"></span>ivi della perdita di<span class=\"_ _1\"></span> valore siano<span class=\"_ _0\"></span> rimossi a seguito<span class=\"_ _0\"></span> di un evento verificato<span class=\"_ _0\"></span>si successivamente<span class=\"_ _0\"></span> alla rilevazione de<span class=\"_ _0\"></span>lla riduzi<span class=\"_ _1c\"></span>one di va<span class=\"_ _1\"></span>lore<span class=\"_ _1\"></span>, ve<span class=\"_ _1\"></span>ngono <span class=\"_ _1c\"></span>effettua<span class=\"_ _1\"></span>te rip<span class=\"_ _1\"></span>rese<span class=\"_ _1\"></span> di v<span class=\"_ _1\"></span>alore c<span class=\"_ _1c\"></span>on imputa<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>cono<span class=\"_ _1\"></span>mico.<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>Cancellazione<span class=\"ls1 ws1\"> </span>Le partecipaz<span class=\"_ _0\"></span>ioni vengono cancellate quando scadono<span class=\"_ _0\"></span> i diritti contrattuali sui flussi fin<span class=\"_ _0\"></span>anziari derivati dalle att<span class=\"_ _0\"></span>ivit\u00e0 stesse o quando la partecipaz<span class=\"_ _0\"></span>ione viene ceduta trasferendo sostanzialmente<span class=\"_ _0\"></span> tutti i rischi e benefici ad essa conne<span class=\"_ _0\"></span>ssi.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-705": {
   "value": "<div class=\"t m0 h8 ff2 fs5 fc0 sc0 ls44 wscd gs24a\">Attivi<span class=\"_ _0\"></span>t\u00e0 materi<span class=\"_ _0\"></span>ali<span class=\"ff1 fs4 ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs24b\">Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs24c\">Le attivit\u00e0 materiali compre<span class=\"_ _0\"></span>ndono i terreni, gli immobili strumentali, le opere d\u2019arte, i mobili e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs24d\">gli arre<span class=\"_ _0\"></span>di nonch\u00e9 le attrezzature di qu<span class=\"_ _0\"></span>alsiasi tipo che si rit<span class=\"_ _0\"></span>iene di utilizzare per pi\u00f9<span class=\"_ _0\"></span> di un esercizio. </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs24e\">Le attivit\u00e0 mater<span class=\"_ _0\"></span>iali detenute per essere ut<span class=\"_ _0\"></span>ilizzat<span class=\"ws54\">e nella <span class=\"_ _0\"></span>produzione o n<span class=\"_ _0\"></span>ella fornitur<span class=\"_ _0\"></span>a di ben<span class=\"_ _0\"></span>i e </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs24f\">serviz<span class=\"_ _0\"></span>i sono classificate come \u201cattivit<span class=\"_ _0\"></span>\u00e0 ad uso funzionale\u201d secondo lo IAS 16. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gs250\">Nelle attiv<span class=\"_ _0\"></span>it\u00e0 materiali confluiscono ino<span class=\"_ _0\"></span>ltre le migliorie su beni di terzi qualora le stesse </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs251\">costituiscano spe<span class=\"_ _0\"></span>se incrementative relative ad attivit\u00e0 identificabili e separabili. In tal caso la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws97 gs252\">classifica<span class=\"_ _0\"></span>zione avviene nelle sotto voci specifiche di r<span class=\"_ _0\"></span>iferimento (ad esempio impianti) in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf3 gs253\">relazione alla<span class=\"_ _0\"></span> natura dell\u2019attivit\u00e0 stessa. Qualor<span class=\"_ _0\"></span>a le migliorie e spese i<span class=\"_ _1\"></span>ncrement<span class=\"_ _0\"></span>ative siano </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs254\">relative<span class=\"_ _0\"></span> ad attivit\u00e0 materiali identific<span class=\"_ _0\"></span>abili ma non separabili,<span class=\"_ _0\"></span> le st<span class=\"ls1c ws6a\">esse s<span class=\"_ _1c\"></span>ono invece i<span class=\"_ _1c\"></span>ncluse n<span class=\"_ _1\"></span>ella </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs255\">voc<span class=\"_ _1\"></span>e 120. \u201c<span class=\"_ _1\"></span>Al<span class=\"_ _1\"></span>tre a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0\u201d<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs256\">Criteri di iscrizione<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gs258\">Le attivit\u00e0 materia<span class=\"_ _0\"></span>li sono inizialmente iscritte al costo che comprende,<span class=\"_ _0\"></span> oltre al prezzo di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs259\">acquisto, tutti gli even<span class=\"_ _0\"></span>tuali oneri accessori direttamente im<span class=\"_ _0\"></span>putabili all\u2019acquisto e alla messa in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs25a\">funzi<span class=\"_ _1\"></span>one del<span class=\"_ _1\"></span> ben<span class=\"_ _1\"></span>e.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws5d gs25b\">Le sp<span class=\"_ _1\"></span>ese di<span class=\"_ _1\"></span> man<span class=\"_ _1\"></span>utenzi<span class=\"_ _1c\"></span>one stra<span class=\"_ _1c\"></span>ordinari<span class=\"_ _1\"></span>a ch<span class=\"_ _1\"></span>e comp<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>no un<span class=\"_ _1\"></span> incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o dei b<span class=\"_ _1c\"></span>enefici <span class=\"_ _1c\"></span>economic<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf0 gs25c\">futuri vengon<span class=\"_ _0\"></span>o imputate ad incremento<span class=\"_ _0\"></span> del valore dei ce<span class=\"_ _0\"></span>spiti, mentre gli altr<span class=\"_ _0\"></span>i costi di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs25d\">manu<span class=\"_ _1\"></span>tenzi<span class=\"_ _1\"></span>one ord<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ria so<span class=\"_ _1\"></span>no ril<span class=\"_ _1\"></span>evati<span class=\"_ _1\"></span> a co<span class=\"_ _1\"></span>nto e<span class=\"_ _1\"></span>conomi<span class=\"_ _1\"></span>co.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs25f\">Criteri di valutazione<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs260\">Le attivit\u00e0 materia<span class=\"_ _0\"></span>li sono valutate al costo, dedotti eventu<span class=\"_ _0\"></span>ali ammortamenti e perdite di valore.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1c2 gs261\">Le atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span> mat<span class=\"_ _1\"></span>erial<span class=\"_ _1\"></span>i sono si<span class=\"_ _1c\"></span>stemati<span class=\"_ _1\"></span>cam<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> ammo<span class=\"_ _1\"></span>rtizza<span class=\"_ _1\"></span>te, a<span class=\"_ _1\"></span>dott<span class=\"_ _1\"></span>ando co<span class=\"_ _1c\"></span>me crit<span class=\"_ _1\"></span>erio d<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsb4 gs262\">ammo<span class=\"_ _1\"></span>rtam<span class=\"_ _1\"></span>ento il<span class=\"_ _1\"></span> metod<span class=\"_ _1\"></span>o a qu<span class=\"_ _1\"></span>ote cos<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>anti<span class=\"_ _1c\"></span>, lung<span class=\"_ _1\"></span>o la lo<span class=\"_ _1\"></span>ro vita<span class=\"_ _1\"></span> utile<span class=\"_ _1\"></span>. L\u2019am<span class=\"_ _1\"></span>morta<span class=\"_ _1c\"></span>mento ini<span class=\"_ _1\"></span>zia </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs263\">quando i beni sono dispon<span class=\"_ _0\"></span>ibili per l\u2019uso.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs264\">Non v<span class=\"_ _1\"></span>engo<span class=\"_ _1c\"></span>no invec<span class=\"_ _1c\"></span>e ammo<span class=\"_ _1\"></span>rtizza<span class=\"_ _1c\"></span>ti:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs265\">- <span class=\"lsf ws1f\">i ter<span class=\"_ _1\"></span>reni i<span class=\"_ _1c\"></span>n quan<span class=\"_ _1\"></span>to ha<span class=\"_ _1\"></span>nno v<span class=\"_ _1\"></span>ita u<span class=\"_ _1\"></span>tile i<span class=\"_ _1c\"></span>ndefini<span class=\"_ _1c\"></span>ta;<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs266\">- <span class=\"_ _13\"></span><span class=\"lsf wse2\">il patri<span class=\"_ _1\"></span>moni<span class=\"_ _1\"></span>o arti<span class=\"_ _1\"></span>stico <span class=\"_ _1c\"></span>in quant<span class=\"_ _1\"></span>o la vi<span class=\"_ _1\"></span>ta uti<span class=\"_ _1\"></span>le di<span class=\"_ _1\"></span> un\u2019ope<span class=\"_ _1\"></span>ra d\u2019a<span class=\"_ _1c\"></span>rte non p<span class=\"_ _1\"></span>u\u00f2 ess<span class=\"_ _1c\"></span>ere stima<span class=\"_ _1c\"></span>ta ed il<span class=\"_ _1c\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs267\">loro v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e \u00e8 nor<span class=\"_ _1\"></span>mal<span class=\"_ _1\"></span>mente d<span class=\"_ _1c\"></span>estinato a<span class=\"_ _1\"></span>d au<span class=\"_ _1\"></span>menta<span class=\"_ _1\"></span>re nel<span class=\"_ _1\"></span> temp<span class=\"_ _1c\"></span>o;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws104 gs268\">Se e<span class=\"_ _1\"></span>sist<span class=\"_ _1\"></span>e qual<span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> indi<span class=\"_ _1\"></span>cazi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>che d<span class=\"_ _1\"></span>imos<span class=\"_ _1\"></span>tri <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>un\u2019a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1c\"></span>t\u00e0 mate<span class=\"_ _1\"></span>rial<span class=\"_ _1\"></span>e val<span class=\"_ _1\"></span>utata<span class=\"_ _1c\"></span> al cos<span class=\"_ _1\"></span>to po<span class=\"_ _1c\"></span>ssa ave<span class=\"_ _1c\"></span>r </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs269\">subito un<span class=\"_ _0\"></span>a perdita di valore, si pro<span class=\"_ _0\"></span>cede al confronto tra il v<span class=\"_ _0\"></span>alore di carico<span class=\"_ _0\"></span> del cespite ed il suo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs26a\">valore di recupero.<span class=\"_ _0\"></span> Le eventuali rettifiche<span class=\"_ _0\"></span> vengono rileva<span class=\"ls31 ws2b\">te a Cont<span class=\"_ _0\"></span>o Economi<span class=\"_ _0\"></span>co.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs26b\">Qual<span class=\"_ _1\"></span>ora v<span class=\"_ _1\"></span>enga<span class=\"_ _1c\"></span>no meno<span class=\"_ _1\"></span> i mo<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span> che ha<span class=\"_ _1c\"></span>nno po<span class=\"_ _1\"></span>rta<span class=\"_ _1\"></span>to al<span class=\"_ _1\"></span>la ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span>la p<span class=\"_ _1\"></span>erdi<span class=\"_ _1\"></span>ta, s<span class=\"_ _1\"></span>i d\u00e0 l<span class=\"_ _1c\"></span>uogo ad<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs26c\">una ri<span class=\"_ _1\"></span>pres<span class=\"_ _1\"></span>a di v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e, c<span class=\"_ _1\"></span>he non p<span class=\"_ _1c\"></span>u\u00f2 supe<span class=\"_ _1\"></span>rare i<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore che<span class=\"_ _1\"></span> l\u2019atti<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t\u00e0 avr<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>e avut<span class=\"_ _1\"></span>o, al<span class=\"_ _1\"></span> netto d<span class=\"_ _1c\"></span>egli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs26d\">ammortamenti c<span class=\"_ _0\"></span>alcolati, in assenz<span class=\"_ _0\"></span>a di precedenti perdite di va<span class=\"ls1d ws2b\">lor<span class=\"_ _0\"></span>e.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs26e\">Criteri di cancellazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9e gs26f\">Un'attivit<span class=\"_ _0\"></span>\u00e0 materiale \u00e8 elim<span class=\"_ _0\"></span>inata dallo stato<span class=\"_ _0\"></span> patrimoniale al momento<span class=\"_ _0\"></span> della dismissione o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws115 gs270\">quand<span class=\"_ _1c\"></span>o il b<span class=\"_ _1\"></span>ene \u00e8 p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>mane<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ente r<span class=\"_ _1\"></span>itira<span class=\"_ _1c\"></span>to da<span class=\"_ _1\"></span>ll\u2019us<span class=\"_ _1\"></span>o e d<span class=\"_ _1\"></span>alla<span class=\"_ _1\"></span> sua d<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>issi<span class=\"_ _1\"></span>one n<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>ono a<span class=\"_ _1\"></span>ttes<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws5c gs271\">benefi<span class=\"_ _0\"></span>ci econom<span class=\"_ _0\"></span>ici futuri.<span class=\"ls1 ws1\"> </span></div>Attivi<span class=\"_ _0\"></span>t\u00e0 immate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le attiv<span class=\"_ _0\"></span>it\u00e0 immateriali sono is<span class=\"_ _0\"></span>critte come tali se s<span class=\"_ _0\"></span>ono identificabili e<span class=\"_ _0\"></span> trovano origine<span class=\"_ _0\"></span> in diritti legali o con<span class=\"_ _0\"></span>trattuali. Tra le at<span class=\"_ _0\"></span>tivit\u00e0 immateriali \u00e8<span class=\"_ _0\"></span> anche is<span class=\"_ _0\"></span>critto l\u2019avviamento<span class=\"_ _0\"></span> che rappresenta la differenz<span class=\"_ _0\"></span>a positiva tra il costo<span class=\"_ _0\"></span> di acquisto ed il fair value<span class=\"_ _0\"></span> delle attivit\u00e0 e pass<span class=\"_ _0\"></span>ivit\u00e0 acquisite in ambito di o<span class=\"_ _0\"></span>perazioni di aggr<span class=\"_ _0\"></span>egazione azien<span class=\"_ _0\"></span>dale.<span class=\"ls1 ws1\"> </span>Criteri di iscrizione e v<span class=\"_ _1\"></span>alutazione<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Le attiv<span class=\"_ _0\"></span>it\u00e0 immateriali sono is<span class=\"_ _0\"></span>critte al costo,<span class=\"_ _0\"></span> rettificato per<span class=\"_ _0\"></span> eventuali oneri ac<span class=\"_ _0\"></span>cessori solo se<span class=\"_ _0\"></span> \u00e8 probabile che i futuri benef<span class=\"_ _0\"></span>ici economici attribuibili all\u2019attivit<span class=\"_ _0\"></span>\u00e0 si r<span class=\"_ _1\"></span>ealizzino<span class=\"_ _0\"></span> e se il costo dell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 stessa pu\u00f2 essere<span class=\"_ _0\"></span> attendibilmente determinato.<span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls30 wsc2\">In cas<span class=\"_ _1\"></span>o cont<span class=\"_ _1\"></span>rario i<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> </span></span>immateriale<span class=\"_ _0\"></span> \u00e8 rile<span class=\"_ _0\"></span>vato a conto e<span class=\"_ _0\"></span>conomico ne<span class=\"_ _0\"></span>ll\u2019esercizio <span class=\"_ _0\"></span>in cui \u00e8 <span class=\"_ _0\"></span>stato sost<span class=\"_ _0\"></span>enuto.<span class=\"ls1 ws1\"> </span>Per<span class=\"_ _1\"></span> le at<span class=\"_ _1c\"></span>tivit\u00e0 <span class=\"_ _1\"></span>a vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile d<span class=\"_ _1c\"></span>efinita<span class=\"_ _1\"></span>, il<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>to \u00e8<span class=\"_ _1\"></span> amm<span class=\"_ _1\"></span>ortiz<span class=\"_ _1\"></span>zato<span class=\"_ _1\"></span> in q<span class=\"_ _1\"></span>uo<span class=\"_ _1\"></span>te cos<span class=\"_ _1c\"></span>tanti o<span class=\"_ _1c\"></span> in quo<span class=\"_ _1c\"></span>te decrescent<span class=\"_ _0\"></span>i determinate in funzione dell\u2019afflusso<span class=\"_ _0\"></span> dei benefici economici attes<span class=\"_ _0\"></span>i dall\u2019attivit\u00e0. Le<span class=\"_ _4ac\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span> vita<span class=\"_ _1\"></span> uti<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>ndefi<span class=\"_ _1c\"></span>nita no<span class=\"_ _1c\"></span>n sono i<span class=\"_ _1\"></span>nvec<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>ggett<span class=\"_ _1\"></span>e ad a<span class=\"_ _1c\"></span>mmorta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>atic<span class=\"_ _1\"></span>o, b<span class=\"_ _1\"></span>ens\u00ec a<span class=\"_ _1\"></span>d un test perio<span class=\"_ _0\"></span>dico di verifica dell\u2019adeguatez<span class=\"_ _0\"></span>za del relativo valore di iscrizione<span class=\"_ _0\"></span> in bilancio.<span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, <span class=\"_ _1c\"></span>nel caso <span class=\"_ _1\"></span>di sof<span class=\"_ _1\"></span>twa<span class=\"_ _1\"></span>re gen<span class=\"_ _1\"></span>erati i<span class=\"_ _1c\"></span>ntername<span class=\"_ _1c\"></span>nte i cos<span class=\"_ _1\"></span>ti sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r lo sv<span class=\"_ _1\"></span>ilup<span class=\"_ _1\"></span>po del<span class=\"_ _1c\"></span> progetto<span class=\"_ _0\"></span> sono iscritti fra le attivit<span class=\"_ _0\"></span>\u00e0 immateriali a condizione<span class=\"_ _0\"></span> che siano dimostrati i se<span class=\"_ _0\"></span>guenti elementi:<span class=\"_ _0\"></span> la fattibilit\u00e0 tecn<span class=\"_ _0\"></span>ica, l\u2019intenzione del com<span class=\"_ _0\"></span>pletamento, l\u2019utilit\u00e0 fu<span class=\"_ _0\"></span>tura, la dispon<span class=\"_ _0\"></span>ibilit\u00e0 di risorse fin<span class=\"_ _0\"></span>anziarie e tecniche su<span class=\"_ _0\"></span>fficienti e la capacit<span class=\"_ _0\"></span>\u00e0 di determinare in<span class=\"_ _0\"></span> modo attendibile i cost<span class=\"_ _0\"></span>i del p<span class=\"_ _1\"></span>roget<span class=\"_ _1\"></span>to.<span class=\"ls1 ws1\"> </span>Se es<span class=\"_ _0\"></span>iste qualche<span class=\"_ _0\"></span> indicazione<span class=\"_ _0\"></span> che dimostri che<span class=\"_ _0\"></span> un\u2019atti<span class=\"_ _0\"></span>vit\u00e0 possa a<span class=\"_ _0\"></span>vere sub\u00ecto<span class=\"_ _0\"></span> una perdita<span class=\"_ _0\"></span> di valore,<span class=\"_ _0\"></span> si procede alla stim<span class=\"_ _0\"></span>a del valore di recupero<span class=\"_ _0\"></span> dell'attivit\u00e0. L\u2019<span class=\"_ _0\"></span>ammontare della perdita, rilev<span class=\"_ _1\"></span>ato a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omic<span class=\"_ _1\"></span>o, \u00e8 pari<span class=\"_ _1\"></span> alla<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erenza t<span class=\"_ _1\"></span>ra il v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> con<span class=\"ls0 ws76\">tabile dell\u2019attivit\u00e0 ed il valo<span class=\"_ _0\"></span>re </span>recu<span class=\"_ _0\"></span>pera<span class=\"_ _0\"></span>bile.<span class=\"ls1 ws1\"> </span>In partico<span class=\"_ _0\"></span>lare, tra le attivit\u00e0 immateriali s<span class=\"_ _0\"></span>ono incluse:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsaf\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali basate sulla tecnolo<span class=\"_ _0\"></span>gia, quali il software applicativo, ammort<span class=\"_ _0\"></span>izzato in </span></span>funz<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ta ob<span class=\"_ _1\"></span>soles<span class=\"_ _1c\"></span>cenza<span class=\"_ _1\"></span> tecnol<span class=\"_ _1c\"></span>ogica<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>esso<span class=\"_ _1\"></span> e com<span class=\"_ _1c\"></span>unque <span class=\"_ _1\"></span>non ol<span class=\"_ _1c\"></span>tre un period<span class=\"_ _1c\"></span>o massi<span class=\"_ _1\"></span>mo di<span class=\"_ _1\"></span> 5 anni<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsc6\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali rappr<span class=\"_ _0\"></span>esentate (i) dalla valo<span class=\"_ _0\"></span>rizzazione, in<span class=\"_ _0\"></span> occasione di oper<span class=\"_ _0\"></span>azioni di </span></span>aggregazione,<span class=\"_ _0\"></span> di relazioni con la c<span class=\"_ _0\"></span>lientela o ma<span class=\"_ _0\"></span>ndati di gestione san<span class=\"_ _0\"></span>citi dai contr<span class=\"_ _0\"></span>atti di acquisizione sotto<span class=\"_ _0\"></span>scritti, (ii) dal rapporto contrattu<span class=\"_ _0\"></span>ale acquisito. Tali <span class=\"lsf wse2\">attivi<span class=\"_ _1c\"></span>t\u00e0, a vi<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>nita, </span>sono originariamente<span class=\"_ _0\"></span> valorizzate al fair value attraver<span class=\"_ _0\"></span>so l\u2019attualizzazione,<span class=\"_ _0\"></span> con l\u2019utilizzo di un tasso r<span class=\"_ _0\"></span>appresentativo del valore<span class=\"_ _0\"></span> temporale del denaro<span class=\"_ _0\"></span> e dei rischi s<span class=\"_ _0\"></span>pecifici dell\u2019att<span class=\"_ _0\"></span>ivit\u00e0, dei flussi r<span class=\"_ _0\"></span>appresentativi del margin<span class=\"_ _0\"></span>e <span class=\"ls30 wsb2\">com<span class=\"_ _1\"></span>missio<span class=\"_ _1\"></span>nale <span class=\"_ _1\"></span>netto l<span class=\"_ _1c\"></span>ungo un p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o espri<span class=\"_ _1c\"></span>mente la<span class=\"_ _1c\"></span> </span>dura<span class=\"_ _1\"></span>ta resi<span class=\"_ _1\"></span>dua, c<span class=\"_ _1c\"></span>ontratt<span class=\"_ _1\"></span>uale o s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>ta, d<span class=\"_ _1\"></span>ei rapp<span class=\"_ _1\"></span>orti in <span class=\"_ _1\"></span>esser<span class=\"_ _1\"></span>e al m<span class=\"_ _1\"></span>omen<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019opera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di<span class=\"_ _1\"></span> aggregazione/<span class=\"_ _0\"></span>acquisizione. Esse sono ammortizzat<span class=\"_ _0\"></span>e lungo il periodo di afflusso dei benefic<span class=\"_ _0\"></span>i econom<span class=\"_ _0\"></span>ici attes<span class=\"_ _0\"></span>i;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws10a\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali legat<span class=\"_ _0\"></span>e alla valorizzaz<span class=\"_ _0\"></span>ione dei marchi iscritti anche<span class=\"_ _0\"></span> in occasione di </span></span>operazion<span class=\"_ _0\"></span>i di aggrega<span class=\"_ _0\"></span>zioni aziendali;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsaf\">infine,<span class=\"_ _0\"></span> tra le attivit\u00e0 immateriali \u00e8 inc<span class=\"_ _0\"></span>luso l\u2019avviamento. L\u2019avviamento pu\u00f2 essere iscr<span class=\"_ _0\"></span>itto, </span></span>nell\u2019<span class=\"_ _0\"></span>ambito di operazioni di aggregazione aziendale, quando la differenza positiv<span class=\"_ _0\"></span>a fra il corrispett<span class=\"_ _0\"></span>ivo trasferito e l\u2019eventu<span class=\"_ _0\"></span>ale rilevazione al fair<span class=\"_ _0\"></span> value della quota di minoranza ed il fair value de<span class=\"_ _0\"></span>gli elementi patrimoniali acqu<span class=\"_ _0\"></span>isiti \u00e8 rappresentativo delle capac<span class=\"_ _0\"></span>it\u00e0 reddituali future de<span class=\"_ _0\"></span>lla partecipazione<span class=\"_ _0\"></span>/attivi tras<span class=\"_ _0\"></span>feriti (goodwill). Q<span class=\"_ _0\"></span>ualora tale differ<span class=\"_ _0\"></span>enza risulti ne<span class=\"_ _0\"></span>gativa (badwill) o nell\u2019ipote<span class=\"_ _0\"></span>si in cui il go<span class=\"_ _1\"></span>odwill non trovi giustific<span class=\"_ _0\"></span>azione nelle capacit\u00e0 reddituali<span class=\"ff2 ls1 ws1\"> </span>futu<span class=\"_ _1\"></span>re d<span class=\"_ _1\"></span>ella p<span class=\"_ _1\"></span>arte<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>ta, l<span class=\"_ _1\"></span>a dif<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nza s<span class=\"_ _1\"></span>tessa<span class=\"_ _1\"></span> vie<span class=\"_ _1c\"></span>ne iscri<span class=\"_ _1\"></span>tta d<span class=\"_ _1\"></span>iret<span class=\"_ _1\"></span>tame<span class=\"_ _1\"></span>nte a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to eco<span class=\"_ _1c\"></span>nomico<span class=\"_ _1\"></span>. Con periodicit\u00e0 annu<span class=\"_ _0\"></span>ale (o ogni volta che vi sia eviden<span class=\"_ _0\"></span>za di perdita di valore) viene e<span class=\"_ _0\"></span>ffettuato un tes<span class=\"_ _1\"></span>t di v<span class=\"_ _1\"></span>erifica<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>\u2019adeg<span class=\"_ _1\"></span>uatezza<span class=\"_ _1c\"></span> del val<span class=\"_ _1\"></span>ore del<span class=\"_ _1\"></span>l\u2019avvi<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o. <span class=\"ls0 ws99\">A tal fine viene identificata </span>l\u2019Unit\u00e0 gener<span class=\"_ _0\"></span>atrice di flussi finanz<span class=\"_ _0\"></span>iari cui attribuire<span class=\"_ _0\"></span> l\u2019avviamento. L\u2019ammontare<span class=\"_ _0\"></span> dell\u2019eventuale riduzione di valore<span class=\"_ _0\"></span> \u00e8 determinato sulla base della differen<span class=\"_ _0\"></span>za tra il valore di iscrizione dell\u2019a<span class=\"_ _1\"></span>vviam<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>ed il s<span class=\"_ _1\"></span>uo val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>i recup<span class=\"_ _1c\"></span>ero, se i<span class=\"_ _1\"></span>nferio<span class=\"_ _1\"></span>re. De<span class=\"_ _1\"></span>tto va<span class=\"_ _1\"></span>lore d<span class=\"_ _1\"></span>i recup<span class=\"_ _1c\"></span>ero \u00e8 pari<span class=\"_ _1\"></span> al<span class=\"_ _1\"></span> maggiore tra il fair value dell\u2019Unit\u00e0 generatrice di flussi finanziari, al netto degli eventu<span class=\"_ _0\"></span>ali costi di vendit<span class=\"_ _0\"></span>a, ed il relativo valore d\u2019us<span class=\"_ _0\"></span>o. <span class=\"lsf ws92\">Le c<span class=\"_ _1\"></span>onse<span class=\"_ _1\"></span>guenti<span class=\"_ _1\"></span> ret<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>he di<span class=\"_ _1\"></span> valo<span class=\"_ _1\"></span>re veng<span class=\"_ _1c\"></span>ono ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>te a </span>cont<span class=\"_ _1\"></span>o econo<span class=\"_ _1\"></span>mico.<span class=\"_ _4ac\"> </span>Criteri di cancellazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Un'attivit<span class=\"_ _0\"></span>\u00e0 immateriale \u00e8 e<span class=\"_ _0\"></span>liminata dallo stato<span class=\"_ _0\"></span> patrimoniale al momen<span class=\"_ _0\"></span>to della <span class=\"wsb9\">dismission<span class=\"_ _0\"></span>e o </span>qualora non siano pi\u00f9<span class=\"_ _0\"></span> attesi benefici economici futuri.<span class=\"_ _4ac\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "Attivi<span class=\"_ _0\"></span>t\u00e0 materi<span class=\"_ _0\"></span>ali<span class=\"ff1 fs4 ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le attivit\u00e0 materiali compre<span class=\"_ _0\"></span>ndono i terreni, gli immobili strumentali, le opere d\u2019arte, i mobili e gli arre<span class=\"_ _0\"></span>di nonch\u00e9 le attrezzature di qu<span class=\"_ _0\"></span>alsiasi tipo che si rit<span class=\"_ _0\"></span>iene di utilizzare per pi\u00f9<span class=\"_ _0\"></span> di un esercizio. Le attivit\u00e0 mater<span class=\"_ _0\"></span>iali detenute per essere ut<span class=\"_ _0\"></span>ilizzat<span class=\"ws54\">e nella <span class=\"_ _0\"></span>produzione o n<span class=\"_ _0\"></span>ella fornitur<span class=\"_ _0\"></span>a di ben<span class=\"_ _0\"></span>i e </span>serviz<span class=\"_ _0\"></span>i sono classificate come \u201cattivit<span class=\"_ _0\"></span>\u00e0 ad uso funzionale\u201d secondo lo IAS 16. <span class=\"ls1 ws1\"> </span>Nelle attiv<span class=\"_ _0\"></span>it\u00e0 materiali confluiscono ino<span class=\"_ _0\"></span>ltre le migliorie su beni di terzi qualora le stesse costituiscano spe<span class=\"_ _0\"></span>se incrementative relative ad attivit\u00e0 identificabili e separabili. In tal caso la classifica<span class=\"_ _0\"></span>zione avviene nelle sotto voci specifiche di r<span class=\"_ _0\"></span>iferimento (ad esempio impianti) in relazione alla<span class=\"_ _0\"></span> natura dell\u2019attivit\u00e0 stessa. Qualor<span class=\"_ _0\"></span>a le migliorie e spese i<span class=\"_ _1\"></span>ncrement<span class=\"_ _0\"></span>ative siano relative<span class=\"_ _0\"></span> ad attivit\u00e0 materiali identific<span class=\"_ _0\"></span>abili ma non separabili,<span class=\"_ _0\"></span> le st<span class=\"ls1c ws6a\">esse s<span class=\"_ _1c\"></span>ono invece i<span class=\"_ _1c\"></span>ncluse n<span class=\"_ _1\"></span>ella </span>voc<span class=\"_ _1\"></span>e 120. \u201c<span class=\"_ _1\"></span>Al<span class=\"_ _1\"></span>tre a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0\u201d<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Criteri di iscrizione<span class=\"ls1 ws1\"> </span>Le attivit\u00e0 materia<span class=\"_ _0\"></span>li sono inizialmente iscritte al costo che comprende,<span class=\"_ _0\"></span> oltre al prezzo di acquisto, tutti gli even<span class=\"_ _0\"></span>tuali oneri accessori direttamente im<span class=\"_ _0\"></span>putabili all\u2019acquisto e alla messa in funzi<span class=\"_ _1\"></span>one del<span class=\"_ _1\"></span> ben<span class=\"_ _1\"></span>e.<span class=\"ls1 ws1\"> </span>Le sp<span class=\"_ _1\"></span>ese di<span class=\"_ _1\"></span> man<span class=\"_ _1\"></span>utenzi<span class=\"_ _1c\"></span>one stra<span class=\"_ _1c\"></span>ordinari<span class=\"_ _1\"></span>a ch<span class=\"_ _1\"></span>e comp<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>no un<span class=\"_ _1\"></span> incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o dei b<span class=\"_ _1c\"></span>enefici <span class=\"_ _1c\"></span>economic<span class=\"_ _1\"></span>i futuri vengon<span class=\"_ _0\"></span>o imputate ad incremento<span class=\"_ _0\"></span> del valore dei ce<span class=\"_ _0\"></span>spiti, mentre gli altr<span class=\"_ _0\"></span>i costi di manu<span class=\"_ _1\"></span>tenzi<span class=\"_ _1\"></span>one ord<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ria so<span class=\"_ _1\"></span>no ril<span class=\"_ _1\"></span>evati<span class=\"_ _1\"></span> a co<span class=\"_ _1\"></span>nto e<span class=\"_ _1\"></span>conomi<span class=\"_ _1\"></span>co.<span class=\"ls1 ws1\"> </span>Criteri di valutazione<span class=\"ls1 ws1\"> </span>Le attivit\u00e0 materia<span class=\"_ _0\"></span>li sono valutate al costo, dedotti eventu<span class=\"_ _0\"></span>ali ammortamenti e perdite di valore.<span class=\"ls1 ws1\"> </span>Le atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span> mat<span class=\"_ _1\"></span>erial<span class=\"_ _1\"></span>i sono si<span class=\"_ _1c\"></span>stemati<span class=\"_ _1\"></span>cam<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> ammo<span class=\"_ _1\"></span>rtizza<span class=\"_ _1\"></span>te, a<span class=\"_ _1\"></span>dott<span class=\"_ _1\"></span>ando co<span class=\"_ _1c\"></span>me crit<span class=\"_ _1\"></span>erio d<span class=\"_ _1\"></span>i ammo<span class=\"_ _1\"></span>rtam<span class=\"_ _1\"></span>ento il<span class=\"_ _1\"></span> metod<span class=\"_ _1\"></span>o a qu<span class=\"_ _1\"></span>ote cos<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>anti<span class=\"_ _1c\"></span>, lung<span class=\"_ _1\"></span>o la lo<span class=\"_ _1\"></span>ro vita<span class=\"_ _1\"></span> utile<span class=\"_ _1\"></span>. L\u2019am<span class=\"_ _1\"></span>morta<span class=\"_ _1c\"></span>mento ini<span class=\"_ _1\"></span>zia quando i beni sono dispon<span class=\"_ _0\"></span>ibili per l\u2019uso.<span class=\"ls1 ws1\"> </span>Non v<span class=\"_ _1\"></span>engo<span class=\"_ _1c\"></span>no invec<span class=\"_ _1c\"></span>e ammo<span class=\"_ _1\"></span>rtizza<span class=\"_ _1c\"></span>ti:<span class=\"ls1 ws1\"> </span>- <span class=\"lsf ws1f\">i ter<span class=\"_ _1\"></span>reni i<span class=\"_ _1c\"></span>n quan<span class=\"_ _1\"></span>to ha<span class=\"_ _1\"></span>nno v<span class=\"_ _1\"></span>ita u<span class=\"_ _1\"></span>tile i<span class=\"_ _1c\"></span>ndefini<span class=\"_ _1c\"></span>ta;<span class=\"ls1 ws1\"> </span></span>- <span class=\"_ _13\"></span><span class=\"lsf wse2\">il patri<span class=\"_ _1\"></span>moni<span class=\"_ _1\"></span>o arti<span class=\"_ _1\"></span>stico <span class=\"_ _1c\"></span>in quant<span class=\"_ _1\"></span>o la vi<span class=\"_ _1\"></span>ta uti<span class=\"_ _1\"></span>le di<span class=\"_ _1\"></span> un\u2019ope<span class=\"_ _1\"></span>ra d\u2019a<span class=\"_ _1c\"></span>rte non p<span class=\"_ _1\"></span>u\u00f2 ess<span class=\"_ _1c\"></span>ere stima<span class=\"_ _1c\"></span>ta ed il<span class=\"_ _1c\"></span> </span>loro v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e \u00e8 nor<span class=\"_ _1\"></span>mal<span class=\"_ _1\"></span>mente d<span class=\"_ _1c\"></span>estinato a<span class=\"_ _1\"></span>d au<span class=\"_ _1\"></span>menta<span class=\"_ _1\"></span>re nel<span class=\"_ _1\"></span> temp<span class=\"_ _1c\"></span>o;<span class=\"ls1 ws1\"> </span>Se e<span class=\"_ _1\"></span>sist<span class=\"_ _1\"></span>e qual<span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> indi<span class=\"_ _1\"></span>cazi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>che d<span class=\"_ _1\"></span>imos<span class=\"_ _1\"></span>tri <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>un\u2019a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1c\"></span>t\u00e0 mate<span class=\"_ _1\"></span>rial<span class=\"_ _1\"></span>e val<span class=\"_ _1\"></span>utata<span class=\"_ _1c\"></span> al cos<span class=\"_ _1\"></span>to po<span class=\"_ _1c\"></span>ssa ave<span class=\"_ _1c\"></span>r subito un<span class=\"_ _0\"></span>a perdita di valore, si pro<span class=\"_ _0\"></span>cede al confronto tra il v<span class=\"_ _0\"></span>alore di carico<span class=\"_ _0\"></span> del cespite ed il suo valore di recupero.<span class=\"_ _0\"></span> Le eventuali rettifiche<span class=\"_ _0\"></span> vengono rileva<span class=\"ls31 ws2b\">te a Cont<span class=\"_ _0\"></span>o Economi<span class=\"_ _0\"></span>co.<span class=\"ls1 ws1\"> </span></span>Qual<span class=\"_ _1\"></span>ora v<span class=\"_ _1\"></span>enga<span class=\"_ _1c\"></span>no meno<span class=\"_ _1\"></span> i mo<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span> che ha<span class=\"_ _1c\"></span>nno po<span class=\"_ _1\"></span>rta<span class=\"_ _1\"></span>to al<span class=\"_ _1\"></span>la ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span>la p<span class=\"_ _1\"></span>erdi<span class=\"_ _1\"></span>ta, s<span class=\"_ _1\"></span>i d\u00e0 l<span class=\"_ _1c\"></span>uogo ad<span class=\"_ _1c\"></span> una ri<span class=\"_ _1\"></span>pres<span class=\"_ _1\"></span>a di v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e, c<span class=\"_ _1\"></span>he non p<span class=\"_ _1c\"></span>u\u00f2 supe<span class=\"_ _1\"></span>rare i<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore che<span class=\"_ _1\"></span> l\u2019atti<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t\u00e0 avr<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>e avut<span class=\"_ _1\"></span>o, al<span class=\"_ _1\"></span> netto d<span class=\"_ _1c\"></span>egli ammortamenti c<span class=\"_ _0\"></span>alcolati, in assenz<span class=\"_ _0\"></span>a di precedenti perdite di va<span class=\"ls1d ws2b\">lor<span class=\"_ _0\"></span>e.<span class=\"ls1 ws1\"> </span></span>Criteri di cancellazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Un'attivit<span class=\"_ _0\"></span>\u00e0 materiale \u00e8 elim<span class=\"_ _0\"></span>inata dallo stato<span class=\"_ _0\"></span> patrimoniale al momento<span class=\"_ _0\"></span> della dismissione o quand<span class=\"_ _1c\"></span>o il b<span class=\"_ _1\"></span>ene \u00e8 p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>mane<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ente r<span class=\"_ _1\"></span>itira<span class=\"_ _1c\"></span>to da<span class=\"_ _1\"></span>ll\u2019us<span class=\"_ _1\"></span>o e d<span class=\"_ _1\"></span>alla<span class=\"_ _1\"></span> sua d<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>issi<span class=\"_ _1\"></span>one n<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>ono a<span class=\"_ _1\"></span>ttes<span class=\"_ _1\"></span>i benefi<span class=\"_ _0\"></span>ci econom<span class=\"_ _0\"></span>ici futuri.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "Leasi<span class=\"_ _0\"></span>ng (L<span class=\"_ _0\"></span>ocatario)<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Un cont<span class=\"_ _0\"></span>ratto,<span class=\"_ _0\"></span> o parte di es<span class=\"_ _0\"></span>so, \u00e8 cla<span class=\"_ _0\"></span>ssific<span class=\"_ _0\"></span>ato come<span class=\"_ _0\"></span> leasin<span class=\"_ _0\"></span>g se, in cambio<span class=\"_ _0\"></span> di un corr<span class=\"_ _0\"></span>ispett<span class=\"_ _0\"></span>ivo, conferisce il dir<span class=\"_ _0\"></span>itto di contro<span class=\"_ _0\"></span>llare l'utilizzo di un'att<span class=\"_ _0\"></span>ivit\u00e0 specificata per un<span class=\"_ _0\"></span> periodo di tempo, quindi, se<span class=\"_ _0\"></span> lungo tutto il periodo di utilizzo del bene si godr\u00e0<span class=\"_ _0\"></span> di entrambi i seguenti diritti:<span class=\"ls1 ws1\"> </span>a) il diritt<span class=\"_ _0\"></span>o di ottenere sost<span class=\"_ _0\"></span>anzialmente tutti i bene<span class=\"_ _0\"></span>fici economici der<span class=\"_ _0\"></span>ivanti dall'utiliz<span class=\"_ _0\"></span>zo dell'att<span class=\"_ _0\"></span>ivit\u00e0; e<span class=\"ls1 ws1\"> </span>b) il diritto di de<span class=\"_ _0\"></span>cidere sull'utiliz<span class=\"_ _0\"></span>zo dell'attivit\u00e0.<span class=\"ls1 ws1\"> </span>In caso<span class=\"_ _0\"></span> di modifica dei termini e<span class=\"_ _0\"></span> delle con<span class=\"_ _0\"></span>dizioni del contratto s<span class=\"_ _0\"></span>i procede ad un<span class=\"_ _0\"></span>a nuova val<span class=\"_ _1\"></span>utazi<span class=\"_ _1\"></span>one p<span class=\"_ _1\"></span>er de<span class=\"_ _1c\"></span>terminar<span class=\"_ _1c\"></span>e se il c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ratto<span class=\"_ _1\"></span> \u00e8 o <span class=\"_ _1\"></span>conti<span class=\"_ _1\"></span>ene <span class=\"_ _1\"></span>un lea<span class=\"_ _1c\"></span>sing.<span class=\"ls1 ws1\"> </span>Il Gruppo<span class=\"_ _0\"></span> Anima non applica le pre<span class=\"_ _0\"></span>senti rego<span class=\"_ _0\"></span>le:<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws0\">ai leasin<span class=\"_ _0\"></span>g di attivit\u00e0 immateriali;</span><span class=\"ff1\"> </span></span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws1f\">ai l<span class=\"_ _1\"></span>easing<span class=\"_ _1\"></span> a b<span class=\"_ _1\"></span>reve <span class=\"_ _1\"></span>termi<span class=\"_ _1c\"></span>ne (dur<span class=\"_ _1\"></span>ata <span class=\"_ _1\"></span>mino<span class=\"_ _1\"></span>re o ug<span class=\"_ _1c\"></span>uale a<span class=\"_ _1\"></span> 12 mes<span class=\"_ _1\"></span>i);<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws74\">ai leasin<span class=\"_ _0\"></span>g in cui l'attivit\u00e0 sottostante<span class=\"_ _0\"></span> sia di modesto valore (attivit\u00e0 il cui valore un<span class=\"_ _0\"></span>itario \u00e8 </span></span>minor<span class=\"_ _1\"></span>e o uguale a 5.<span class=\"_ _1\"></span>000 Euro)<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Criteri di iscrizione, va<span class=\"_ _1\"></span>lutazione e cancellazione<span class=\"ls1 ws1\"> </span>Una volta verificato se un contratto si configuri quale leasing, alla data di decorrenza del contratto s<span class=\"_ _0\"></span>i rileva l'attivit\u00e0 consisten<span class=\"_ _0\"></span>te nel diritto di utilizzo<span class=\"_ _0\"></span> e la passivit\u00e0 del leasing.<span class=\"ls1 ws1\"> </span>La valutazione inizia<span class=\"_ _0\"></span>le dell'attivit\u00e0 consistente nel diritto di utilizzo avviene al costo che compre<span class=\"_ _0\"></span>nde:<span class=\"ls1 ws1\"> </span>a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws0\">l'importo della v<span class=\"_ _0\"></span>alutazione iniziale della pass<span class=\"_ _0\"></span>ivit\u00e0 del leasing;<span class=\"_ _4ac\"> </span></span>b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls11 wsfc\">i pagamenti dovuti per il leasi<span class=\"_ _1\"></span>ng effettuati alla data o prima della data di decorrenza al nett<span class=\"_ _1\"></span>o </span>degli incentiv<span class=\"_ _0\"></span>i al leasing ricevuti;<span class=\"ls1 ws1\"> </span>c)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _c1\"> </span></span><span class=\"ls0 ws0\">i costi inizia<span class=\"_ _0\"></span>li diretti sostenuti dal loc<span class=\"_ _0\"></span>atario; e<span class=\"ls1 ws1\"> </span></span>d)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls30 ws1c6\">la<span class=\"_ _1\"></span> stima d<span class=\"_ _1\"></span>ei costi<span class=\"_ _1\"></span> che<span class=\"_ _1c\"></span> si dovran<span class=\"_ _1\"></span>no sost<span class=\"_ _1\"></span>ener<span class=\"_ _1c\"></span>e per lo sma<span class=\"_ _1\"></span>ntell<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto e la ri<span class=\"_ _1c\"></span>mozione<span class=\"_ _1\"></span> </span>dell'att<span class=\"_ _0\"></span>ivit\u00e0 sottostante e per il r<span class=\"_ _0\"></span>ipristino del sito in cui \u00e8 ubic<span class=\"_ _0\"></span>ata o per il ripristino dell'att<span class=\"_ _0\"></span>ivit\u00e0 sottostante ne<span class=\"_ _0\"></span>lle condizioni previste dai term<span class=\"_ _0\"></span>ini e dalle condizioni<span class=\"ls1 ws1\"> <span class=\"lse ws16\">de<span class=\"_ _0\"></span>l leasing.<span class=\"_ _4ac\"> </span></span></span>La valutazione in<span class=\"_ _0\"></span>iziale della passivit<span class=\"_ _0\"></span>\u00e0 del leasing avviene<span class=\"_ _0\"></span> al valore attuale de<span class=\"_ _0\"></span>i pagamenti dovuti per il leas<span class=\"_ _0\"></span>ing non versati a tale dat<span class=\"_ _0\"></span>a. I pagamenti dovuti per il leas<span class=\"_ _0\"></span>ing sono attualizzati utilizzando<span class=\"_ _0\"></span> il tasso di finanziamento marginale<span class=\"_ _0\"></span> della Capogruppo.<span class=\"ls1 ws1\"> </span>In caso<span class=\"_ _0\"></span> di operazion<span class=\"_ _0\"></span>i in cui l\u2019att<span class=\"_ _0\"></span>ivit\u00e0 sotto<span class=\"_ _0\"></span>stante un contr<span class=\"_ _0\"></span>atto di le<span class=\"_ _0\"></span>asing \u00e8 a sua volt<span class=\"_ _0\"></span>a data in leasing dal Gru<span class=\"_ _0\"></span>ppo ad una terza parte, rimanendo in v<span class=\"_ _0\"></span>igore il leasing con il locatario<span class=\"_ _0\"></span> principale, l\u2019attivit<span class=\"_ _0\"></span>\u00e0 \u00e8 rilevata come credito<span class=\"_ _0\"></span> finanziario ad un valore<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _18\"></span></span>pari agli incassi es<span class=\"_ _0\"></span>igibili per il sub<span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span>leasing attu<span class=\"_ _0\"></span>alizzati al tasso di attu<span class=\"_ _0\"></span>alizzazione per il leasin<span class=\"_ _0\"></span>g principale.<span class=\"ls1 ws1\"> </span>La contabilizzaz<span class=\"_ _0\"></span>ione come leasing avviene per ogni componente di leasing separ<span class=\"_ _0\"></span>andola dalle comp<span class=\"_ _1\"></span>onen<span class=\"_ _1\"></span>ti no<span class=\"_ _1c\"></span>n di lea<span class=\"_ _1\"></span>sing<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>La durata del le<span class=\"_ _0\"></span>asing \u00e8 determinata come il periodo non annullabile<span class=\"_ _0\"></span> del leasing, a cui vanno aggiunt<span class=\"_ _0\"></span>i entrambi i seguenti periodi:<span class=\"ls1 ws1\"> </span>a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"lse wsbd\">perio<span class=\"_ _0\"></span>di coperti da <span class=\"ls0 wse0\">un'opzione<span class=\"_ _0\"></span> di proroga del leasin<span class=\"_ _0\"></span>g, se si ha la ragionevole<span class=\"_ _0\"></span> certezza di </span></span>eserci<span class=\"_ _1c\"></span>tare l'op<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e; e<span class=\"ls1 ws1\"> </span>b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws5f\">periodi coperti dall'opzio<span class=\"_ _0\"></span>ne di risoluzione del leasing, se si ha la ragionevole<span class=\"_ _0\"></span> certezza di non </span>eserci<span class=\"_ _1c\"></span>tare l'op<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e.<span class=\"ls1 ws1\"> </span>Si ridetermina la durata del le<span class=\"_ _0\"></span>asing in caso di cambiamento del periodo non annullabile del leasing.<span class=\"ls1 ws1\"> </span>Dopo la data di iscrizione iniziale, la valutazione dell'att<span class=\"_ _0\"></span>ivit\u00e0 avviene applicando il modello del cost<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span>Le attiv<span class=\"_ _0\"></span>it\u00e0 consistenti nel dir<span class=\"_ _0\"></span>itto di utilizzo sono ammort<span class=\"_ _0\"></span>izzate dalla data di decorrenza del contr<span class=\"_ _0\"></span>atto sino al<span class=\"_ _0\"></span> termine de<span class=\"_ _0\"></span>lla durata<span class=\"_ _0\"></span> del leasing.<span class=\"ls1 ws1\"> </span>Dopo la data di decorrenza la passivit\u00e0 del leasing \u00e8 valutata:<span class=\"ls1 ws1\"> </span>a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws0\">aumentando il valore<span class=\"_ _0\"></span> contabile per tener conto degli intere<span class=\"_ _0\"></span>ssi sulla passivit\u00e0 de<span class=\"_ _0\"></span>l leasing;<span class=\"ls1 ws1\"> </span></span>b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0\">diminuendo il valore conta<span class=\"_ _0\"></span>bile per tener conto dei pagamenti effettua<span class=\"_ _0\"></span>ti per il leasing;<span class=\"ls1 ws1\"> </span></span>c)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _c1\"> </span></span><span class=\"lsf ws10d\">rid<span class=\"_ _1\"></span>etermi<span class=\"_ _1c\"></span>nando i<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore c<span class=\"_ _1\"></span>onta<span class=\"_ _1\"></span>bile p<span class=\"_ _1\"></span>er t<span class=\"_ _1\"></span>ener<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>o di ev<span class=\"_ _1c\"></span>entuali<span class=\"_ _1\"></span> nuov<span class=\"_ _1\"></span>e val<span class=\"_ _1\"></span>utazi<span class=\"_ _1c\"></span>oni o<span class=\"_ _1\"></span> </span>modifiche del le<span class=\"_ _0\"></span>asing o della revisione dei pagament<span class=\"_ _0\"></span>i dovuti per il leasing.<span class=\"ls1 ws1\"> </span>Gli interessi sulla passivit<span class=\"_ _0\"></span>\u00e0 del leasing e i pagamenti variabili dovuti per il leas<span class=\"_ _0\"></span>ing, non inclusi nella valut<span class=\"_ _0\"></span>azione della passivit\u00e0 del leasing,<span class=\"_ _0\"></span> sono rilevati a conto economico nell'eserciz<span class=\"_ _0\"></span>io in cui si verific<span class=\"_ _0\"></span>a l'evento o la circostanza che fa scatt<span class=\"_ _0\"></span>are <span class=\"lse ws16\">i pagamenti.<span class=\"ls1 ws1\"> </span></span>In bilancio le attivit\u00e0 cons<span class=\"_ _0\"></span>istenti nel diritto di utilizzo sono esposte separatamente dalle<span class=\"_ _0\"></span> altre attivit\u00e0, le<span class=\"_ _0\"></span> passivit\u00e0 del leasing separatamente dalle<span class=\"_ _0\"></span> altre passivit\u00e0, gli intere<span class=\"_ _0\"></span>ssi passivi sulla passivit\u00e0 de<span class=\"_ _0\"></span>l leasing sono rilevat<span class=\"_ _0\"></span>i come oneri finanziar<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\"> <span class=\"_ _19\"> </span><span class=\"ls11 ws13b\">e separatamente dalla quota di </span></span>ammortamento de<span class=\"_ _0\"></span>ll'attivit\u00e0 consistente ne<span class=\"_ _0\"></span>l diritto di utilizzo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-645": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs273\">Attivi<span class=\"_ _0\"></span>t\u00e0 immate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs274\">Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs275\">Le attiv<span class=\"_ _0\"></span>it\u00e0 immateriali sono is<span class=\"_ _0\"></span>critte come tali se s<span class=\"_ _0\"></span>ono identificabili e<span class=\"_ _0\"></span> trovano origine<span class=\"_ _0\"></span> in diritti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs276\">legali o con<span class=\"_ _0\"></span>trattuali. Tra le at<span class=\"_ _0\"></span>tivit\u00e0 immateriali \u00e8<span class=\"_ _0\"></span> anche is<span class=\"_ _0\"></span>critto l\u2019avviamento<span class=\"_ _0\"></span> che rappresenta la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs277\">differenz<span class=\"_ _0\"></span>a positiva tra il costo<span class=\"_ _0\"></span> di acquisto ed il fair value<span class=\"_ _0\"></span> delle attivit\u00e0 e pass<span class=\"_ _0\"></span>ivit\u00e0 acquisite in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs278\">ambito di o<span class=\"_ _0\"></span>perazioni di aggr<span class=\"_ _0\"></span>egazione azien<span class=\"_ _0\"></span>dale.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs279\">Criteri di iscrizione e v<span class=\"_ _1\"></span>alutazione<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs27b\">Le attiv<span class=\"_ _0\"></span>it\u00e0 immateriali sono is<span class=\"_ _0\"></span>critte al costo,<span class=\"_ _0\"></span> rettificato per<span class=\"_ _0\"></span> eventuali oneri ac<span class=\"_ _0\"></span>cessori solo se<span class=\"_ _0\"></span> \u00e8 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10a gs27c\">probabile che i futuri benef<span class=\"_ _0\"></span>ici economici attribuibili all\u2019attivit<span class=\"_ _0\"></span>\u00e0 si r<span class=\"_ _1\"></span>ealizzino<span class=\"_ _0\"></span> e se il costo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs27d\">dell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 stessa pu\u00f2 essere<span class=\"_ _0\"></span> attendibilmente determinato.<span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls30 wsc2\">In cas<span class=\"_ _1\"></span>o cont<span class=\"_ _1\"></span>rario i<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs27e\">immateriale<span class=\"_ _0\"></span> \u00e8 rile<span class=\"_ _0\"></span>vato a conto e<span class=\"_ _0\"></span>conomico ne<span class=\"_ _0\"></span>ll\u2019esercizio <span class=\"_ _0\"></span>in cui \u00e8 <span class=\"_ _0\"></span>stato sost<span class=\"_ _0\"></span>enuto.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsc5 gs27f\">Per<span class=\"_ _1\"></span> le at<span class=\"_ _1c\"></span>tivit\u00e0 <span class=\"_ _1\"></span>a vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile d<span class=\"_ _1c\"></span>efinita<span class=\"_ _1\"></span>, il<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>to \u00e8<span class=\"_ _1\"></span> amm<span class=\"_ _1\"></span>ortiz<span class=\"_ _1\"></span>zato<span class=\"_ _1\"></span> in q<span class=\"_ _1\"></span>uo<span class=\"_ _1\"></span>te cos<span class=\"_ _1c\"></span>tanti o<span class=\"_ _1c\"></span> in quo<span class=\"_ _1c\"></span>te </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs280\">decrescent<span class=\"_ _0\"></span>i determinate in funzione dell\u2019afflusso<span class=\"_ _0\"></span> dei benefici economici attes<span class=\"_ _0\"></span>i dall\u2019attivit\u00e0. Le<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws104 gs282\">attiv<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span> vita<span class=\"_ _1\"></span> uti<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>ndefi<span class=\"_ _1c\"></span>nita no<span class=\"_ _1c\"></span>n sono i<span class=\"_ _1\"></span>nvec<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>ggett<span class=\"_ _1\"></span>e ad a<span class=\"_ _1c\"></span>mmorta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>atic<span class=\"_ _1\"></span>o, b<span class=\"_ _1\"></span>ens\u00ec a<span class=\"_ _1\"></span>d </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs283\">un test perio<span class=\"_ _0\"></span>dico di verifica dell\u2019adeguatez<span class=\"_ _0\"></span>za del relativo valore di iscrizione<span class=\"_ _0\"></span> in bilancio.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws9b gs284\">In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, <span class=\"_ _1c\"></span>nel caso <span class=\"_ _1\"></span>di sof<span class=\"_ _1\"></span>twa<span class=\"_ _1\"></span>re gen<span class=\"_ _1\"></span>erati i<span class=\"_ _1c\"></span>ntername<span class=\"_ _1c\"></span>nte i cos<span class=\"_ _1\"></span>ti sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r lo sv<span class=\"_ _1\"></span>ilup<span class=\"_ _1\"></span>po del<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs285\">progetto<span class=\"_ _0\"></span> sono iscritti fra le attivit<span class=\"_ _0\"></span>\u00e0 immateriali a condizione<span class=\"_ _0\"></span> che siano dimostrati i se<span class=\"_ _0\"></span>guenti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs286\">elementi:<span class=\"_ _0\"></span> la fattibilit\u00e0 tecn<span class=\"_ _0\"></span>ica, l\u2019intenzione del com<span class=\"_ _0\"></span>pletamento, l\u2019utilit\u00e0 fu<span class=\"_ _0\"></span>tura, la dispon<span class=\"_ _0\"></span>ibilit\u00e0 di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs287\">risorse fin<span class=\"_ _0\"></span>anziarie e tecniche su<span class=\"_ _0\"></span>fficienti e la capacit<span class=\"_ _0\"></span>\u00e0 di determinare in<span class=\"_ _0\"></span> modo attendibile i cost<span class=\"_ _0\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs288\">del p<span class=\"_ _1\"></span>roget<span class=\"_ _1\"></span>to.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 wse7 gs289\">Se es<span class=\"_ _0\"></span>iste qualche<span class=\"_ _0\"></span> indicazione<span class=\"_ _0\"></span> che dimostri che<span class=\"_ _0\"></span> un\u2019atti<span class=\"_ _0\"></span>vit\u00e0 possa a<span class=\"_ _0\"></span>vere sub\u00ecto<span class=\"_ _0\"></span> una perdita<span class=\"_ _0\"></span> di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsaf gs28a\">valore,<span class=\"_ _0\"></span> si procede alla stim<span class=\"_ _0\"></span>a del valore di recupero<span class=\"_ _0\"></span> dell'attivit\u00e0. L\u2019<span class=\"_ _0\"></span>ammontare della perdita, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws84 gs28b\">rilev<span class=\"_ _1\"></span>ato a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omic<span class=\"_ _1\"></span>o, \u00e8 pari<span class=\"_ _1\"></span> alla<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erenza t<span class=\"_ _1\"></span>ra il v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> con<span class=\"ls0 ws76\">tabile dell\u2019attivit\u00e0 ed il valo<span class=\"_ _0\"></span>re </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws2b gs28c\">recu<span class=\"_ _0\"></span>pera<span class=\"_ _0\"></span>bile.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs28d\">In partico<span class=\"_ _0\"></span>lare, tra le attivit\u00e0 immateriali s<span class=\"_ _0\"></span>ono incluse:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs28e\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsaf\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali basate sulla tecnolo<span class=\"_ _0\"></span>gia, quali il software applicativo, ammort<span class=\"_ _0\"></span>izzato in </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws8d gs28f\">funz<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ta ob<span class=\"_ _1\"></span>soles<span class=\"_ _1c\"></span>cenza<span class=\"_ _1\"></span> tecnol<span class=\"_ _1c\"></span>ogica<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>esso<span class=\"_ _1\"></span> e com<span class=\"_ _1c\"></span>unque <span class=\"_ _1\"></span>non ol<span class=\"_ _1c\"></span>tre un </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs290\">period<span class=\"_ _1c\"></span>o massi<span class=\"_ _1\"></span>mo di<span class=\"_ _1\"></span> 5 anni<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs291\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsc6\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali rappr<span class=\"_ _0\"></span>esentate (i) dalla valo<span class=\"_ _0\"></span>rizzazione, in<span class=\"_ _0\"></span> occasione di oper<span class=\"_ _0\"></span>azioni di </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf3 gs292\">aggregazione,<span class=\"_ _0\"></span> di relazioni con la c<span class=\"_ _0\"></span>lientela o ma<span class=\"_ _0\"></span>ndati di gestione san<span class=\"_ _0\"></span>citi dai contr<span class=\"_ _0\"></span>atti di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs293\">acquisizione sotto<span class=\"_ _0\"></span>scritti, (ii) dal rapporto contrattu<span class=\"_ _0\"></span>ale acquisito. Tali <span class=\"lsf wse2\">attivi<span class=\"_ _1c\"></span>t\u00e0, a vi<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>nita, </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs294\">sono originariamente<span class=\"_ _0\"></span> valorizzate al fair value attraver<span class=\"_ _0\"></span>so l\u2019attualizzazione,<span class=\"_ _0\"></span> con l\u2019utilizzo di un </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs295\">tasso r<span class=\"_ _0\"></span>appresentativo del valore<span class=\"_ _0\"></span> temporale del denaro<span class=\"_ _0\"></span> e dei rischi s<span class=\"_ _0\"></span>pecifici dell\u2019att<span class=\"_ _0\"></span>ivit\u00e0, dei </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs296\">flussi r<span class=\"_ _0\"></span>appresentativi del margin<span class=\"_ _0\"></span>e <span class=\"ls30 wsb2\">com<span class=\"_ _1\"></span>missio<span class=\"_ _1\"></span>nale <span class=\"_ _1\"></span>netto l<span class=\"_ _1c\"></span>ungo un p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o espri<span class=\"_ _1c\"></span>mente la<span class=\"_ _1c\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs297\">dura<span class=\"_ _1\"></span>ta resi<span class=\"_ _1\"></span>dua, c<span class=\"_ _1c\"></span>ontratt<span class=\"_ _1\"></span>uale o s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>ta, d<span class=\"_ _1\"></span>ei rapp<span class=\"_ _1\"></span>orti in <span class=\"_ _1\"></span>esser<span class=\"_ _1\"></span>e al m<span class=\"_ _1\"></span>omen<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019opera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs298\">aggregazione/<span class=\"_ _0\"></span>acquisizione. Esse sono ammortizzat<span class=\"_ _0\"></span>e lungo il periodo di afflusso dei benefic<span class=\"_ _0\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws5c gs299\">econom<span class=\"_ _0\"></span>ici attes<span class=\"_ _0\"></span>i;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs29a\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws10a\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali legat<span class=\"_ _0\"></span>e alla valorizzaz<span class=\"_ _0\"></span>ione dei marchi iscritti anche<span class=\"_ _0\"></span> in occasione di </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs29b\">operazion<span class=\"_ _0\"></span>i di aggrega<span class=\"_ _0\"></span>zioni aziendali;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs29c\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsaf\">infine,<span class=\"_ _0\"></span> tra le attivit\u00e0 immateriali \u00e8 inc<span class=\"_ _0\"></span>luso l\u2019avviamento. L\u2019avviamento pu\u00f2 essere iscr<span class=\"_ _0\"></span>itto, </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf3 gs29d\">nell\u2019<span class=\"_ _0\"></span>ambito di operazioni di aggregazione aziendale, quando la differenza positiv<span class=\"_ _0\"></span>a fra il </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs29e\">corrispett<span class=\"_ _0\"></span>ivo trasferito e l\u2019eventu<span class=\"_ _0\"></span>ale rilevazione al fair<span class=\"_ _0\"></span> value della quota di minoranza ed il </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs29f\">fair value de<span class=\"_ _0\"></span>gli elementi patrimoniali acqu<span class=\"_ _0\"></span>isiti \u00e8 rappresentativo delle capac<span class=\"_ _0\"></span>it\u00e0 reddituali </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2a0\">future de<span class=\"_ _0\"></span>lla partecipazione<span class=\"_ _0\"></span>/attivi tras<span class=\"_ _0\"></span>feriti (goodwill). Q<span class=\"_ _0\"></span>ualora tale differ<span class=\"_ _0\"></span>enza risulti ne<span class=\"_ _0\"></span>gativa </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs2a1\">(badwill) o nell\u2019ipote<span class=\"_ _0\"></span>si in cui il go<span class=\"_ _1\"></span>odwill non trovi giustific<span class=\"_ _0\"></span>azione nelle capacit\u00e0 reddituali<span class=\"ff2 ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws6b gs2a2\">futu<span class=\"_ _1\"></span>re d<span class=\"_ _1\"></span>ella p<span class=\"_ _1\"></span>arte<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>ta, l<span class=\"_ _1\"></span>a dif<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nza s<span class=\"_ _1\"></span>tessa<span class=\"_ _1\"></span> vie<span class=\"_ _1c\"></span>ne iscri<span class=\"_ _1\"></span>tta d<span class=\"_ _1\"></span>iret<span class=\"_ _1\"></span>tame<span class=\"_ _1\"></span>nte a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to eco<span class=\"_ _1c\"></span>nomico<span class=\"_ _1\"></span>. </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs2a3\">Con periodicit\u00e0 annu<span class=\"_ _0\"></span>ale (o ogni volta che vi sia eviden<span class=\"_ _0\"></span>za di perdita di valore) viene e<span class=\"_ _0\"></span>ffettuato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wsf9 gs2a4\">un tes<span class=\"_ _1\"></span>t di v<span class=\"_ _1\"></span>erifica<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>\u2019adeg<span class=\"_ _1\"></span>uatezza<span class=\"_ _1c\"></span> del val<span class=\"_ _1\"></span>ore del<span class=\"_ _1\"></span>l\u2019avvi<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o. <span class=\"ls0 ws99\">A tal fine viene identificata </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs2a5\">l\u2019Unit\u00e0 gener<span class=\"_ _0\"></span>atrice di flussi finanz<span class=\"_ _0\"></span>iari cui attribuire<span class=\"_ _0\"></span> l\u2019avviamento. L\u2019ammontare<span class=\"_ _0\"></span> dell\u2019eventuale </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gs2a6\">riduzione di valore<span class=\"_ _0\"></span> \u00e8 determinato sulla base della differen<span class=\"_ _0\"></span>za tra il valore di iscrizione </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wsc0 gs2a7\">dell\u2019a<span class=\"_ _1\"></span>vviam<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>ed il s<span class=\"_ _1\"></span>uo val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>i recup<span class=\"_ _1c\"></span>ero, se i<span class=\"_ _1\"></span>nferio<span class=\"_ _1\"></span>re. De<span class=\"_ _1\"></span>tto va<span class=\"_ _1\"></span>lore d<span class=\"_ _1\"></span>i recup<span class=\"_ _1c\"></span>ero \u00e8 pari<span class=\"_ _1\"></span> al<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs2a8\">maggiore tra il fair value dell\u2019Unit\u00e0 generatrice di flussi finanziari, al netto degli eventu<span class=\"_ _0\"></span>ali costi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs2a9\">di vendit<span class=\"_ _0\"></span>a, ed il relativo valore d\u2019us<span class=\"_ _0\"></span>o. <span class=\"lsf ws92\">Le c<span class=\"_ _1\"></span>onse<span class=\"_ _1\"></span>guenti<span class=\"_ _1\"></span> ret<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>he di<span class=\"_ _1\"></span> valo<span class=\"_ _1\"></span>re veng<span class=\"_ _1c\"></span>ono ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>te a </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gs2aa\">cont<span class=\"_ _1\"></span>o econo<span class=\"_ _1\"></span>mico.<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs2ac\">Criteri di cancellazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs2ad\">Un'attivit<span class=\"_ _0\"></span>\u00e0 immateriale \u00e8 e<span class=\"_ _0\"></span>liminata dallo stato<span class=\"_ _0\"></span> patrimoniale al momen<span class=\"_ _0\"></span>to della <span class=\"wsb9\">dismission<span class=\"_ _0\"></span>e o </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2ae\">qualora non siano pi\u00f9<span class=\"_ _0\"></span> attesi benefici economici futuri.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "Attivi<span class=\"_ _0\"></span>t\u00e0 immate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le attiv<span class=\"_ _0\"></span>it\u00e0 immateriali sono is<span class=\"_ _0\"></span>critte come tali se s<span class=\"_ _0\"></span>ono identificabili e<span class=\"_ _0\"></span> trovano origine<span class=\"_ _0\"></span> in diritti legali o con<span class=\"_ _0\"></span>trattuali. Tra le at<span class=\"_ _0\"></span>tivit\u00e0 immateriali \u00e8<span class=\"_ _0\"></span> anche is<span class=\"_ _0\"></span>critto l\u2019avviamento<span class=\"_ _0\"></span> che rappresenta la differenz<span class=\"_ _0\"></span>a positiva tra il costo<span class=\"_ _0\"></span> di acquisto ed il fair value<span class=\"_ _0\"></span> delle attivit\u00e0 e pass<span class=\"_ _0\"></span>ivit\u00e0 acquisite in ambito di o<span class=\"_ _0\"></span>perazioni di aggr<span class=\"_ _0\"></span>egazione azien<span class=\"_ _0\"></span>dale.<span class=\"ls1 ws1\"> </span>Criteri di iscrizione e v<span class=\"_ _1\"></span>alutazione<span class=\"_ _4ac\"> </span>Le attiv<span class=\"_ _0\"></span>it\u00e0 immateriali sono is<span class=\"_ _0\"></span>critte al costo,<span class=\"_ _0\"></span> rettificato per<span class=\"_ _0\"></span> eventuali oneri ac<span class=\"_ _0\"></span>cessori solo se<span class=\"_ _0\"></span> \u00e8 probabile che i futuri benef<span class=\"_ _0\"></span>ici economici attribuibili all\u2019attivit<span class=\"_ _0\"></span>\u00e0 si r<span class=\"_ _1\"></span>ealizzino<span class=\"_ _0\"></span> e se il costo dell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 stessa pu\u00f2 essere<span class=\"_ _0\"></span> attendibilmente determinato.<span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls30 wsc2\">In cas<span class=\"_ _1\"></span>o cont<span class=\"_ _1\"></span>rario i<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> </span></span>immateriale<span class=\"_ _0\"></span> \u00e8 rile<span class=\"_ _0\"></span>vato a conto e<span class=\"_ _0\"></span>conomico ne<span class=\"_ _0\"></span>ll\u2019esercizio <span class=\"_ _0\"></span>in cui \u00e8 <span class=\"_ _0\"></span>stato sost<span class=\"_ _0\"></span>enuto.<span class=\"ls1 ws1\"> </span>Per<span class=\"_ _1\"></span> le at<span class=\"_ _1c\"></span>tivit\u00e0 <span class=\"_ _1\"></span>a vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile d<span class=\"_ _1c\"></span>efinita<span class=\"_ _1\"></span>, il<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>to \u00e8<span class=\"_ _1\"></span> amm<span class=\"_ _1\"></span>ortiz<span class=\"_ _1\"></span>zato<span class=\"_ _1\"></span> in q<span class=\"_ _1\"></span>uo<span class=\"_ _1\"></span>te cos<span class=\"_ _1c\"></span>tanti o<span class=\"_ _1c\"></span> in quo<span class=\"_ _1c\"></span>te decrescent<span class=\"_ _0\"></span>i determinate in funzione dell\u2019afflusso<span class=\"_ _0\"></span> dei benefici economici attes<span class=\"_ _0\"></span>i dall\u2019attivit\u00e0. Le<span class=\"_ _4ac\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span> vita<span class=\"_ _1\"></span> uti<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>ndefi<span class=\"_ _1c\"></span>nita no<span class=\"_ _1c\"></span>n sono i<span class=\"_ _1\"></span>nvec<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>ggett<span class=\"_ _1\"></span>e ad a<span class=\"_ _1c\"></span>mmorta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>atic<span class=\"_ _1\"></span>o, b<span class=\"_ _1\"></span>ens\u00ec a<span class=\"_ _1\"></span>d un test perio<span class=\"_ _0\"></span>dico di verifica dell\u2019adeguatez<span class=\"_ _0\"></span>za del relativo valore di iscrizione<span class=\"_ _0\"></span> in bilancio.<span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, <span class=\"_ _1c\"></span>nel caso <span class=\"_ _1\"></span>di sof<span class=\"_ _1\"></span>twa<span class=\"_ _1\"></span>re gen<span class=\"_ _1\"></span>erati i<span class=\"_ _1c\"></span>ntername<span class=\"_ _1c\"></span>nte i cos<span class=\"_ _1\"></span>ti sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r lo sv<span class=\"_ _1\"></span>ilup<span class=\"_ _1\"></span>po del<span class=\"_ _1c\"></span> progetto<span class=\"_ _0\"></span> sono iscritti fra le attivit<span class=\"_ _0\"></span>\u00e0 immateriali a condizione<span class=\"_ _0\"></span> che siano dimostrati i se<span class=\"_ _0\"></span>guenti elementi:<span class=\"_ _0\"></span> la fattibilit\u00e0 tecn<span class=\"_ _0\"></span>ica, l\u2019intenzione del com<span class=\"_ _0\"></span>pletamento, l\u2019utilit\u00e0 fu<span class=\"_ _0\"></span>tura, la dispon<span class=\"_ _0\"></span>ibilit\u00e0 di risorse fin<span class=\"_ _0\"></span>anziarie e tecniche su<span class=\"_ _0\"></span>fficienti e la capacit<span class=\"_ _0\"></span>\u00e0 di determinare in<span class=\"_ _0\"></span> modo attendibile i cost<span class=\"_ _0\"></span>i del p<span class=\"_ _1\"></span>roget<span class=\"_ _1\"></span>to.<span class=\"ls1 ws1\"> </span>Se es<span class=\"_ _0\"></span>iste qualche<span class=\"_ _0\"></span> indicazione<span class=\"_ _0\"></span> che dimostri che<span class=\"_ _0\"></span> un\u2019atti<span class=\"_ _0\"></span>vit\u00e0 possa a<span class=\"_ _0\"></span>vere sub\u00ecto<span class=\"_ _0\"></span> una perdita<span class=\"_ _0\"></span> di valore,<span class=\"_ _0\"></span> si procede alla stim<span class=\"_ _0\"></span>a del valore di recupero<span class=\"_ _0\"></span> dell'attivit\u00e0. L\u2019<span class=\"_ _0\"></span>ammontare della perdita, rilev<span class=\"_ _1\"></span>ato a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omic<span class=\"_ _1\"></span>o, \u00e8 pari<span class=\"_ _1\"></span> alla<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erenza t<span class=\"_ _1\"></span>ra il v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> con<span class=\"ls0 ws76\">tabile dell\u2019attivit\u00e0 ed il valo<span class=\"_ _0\"></span>re </span>recu<span class=\"_ _0\"></span>pera<span class=\"_ _0\"></span>bile.<span class=\"ls1 ws1\"> </span>In partico<span class=\"_ _0\"></span>lare, tra le attivit\u00e0 immateriali s<span class=\"_ _0\"></span>ono incluse:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsaf\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali basate sulla tecnolo<span class=\"_ _0\"></span>gia, quali il software applicativo, ammort<span class=\"_ _0\"></span>izzato in </span></span>funz<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ta ob<span class=\"_ _1\"></span>soles<span class=\"_ _1c\"></span>cenza<span class=\"_ _1\"></span> tecnol<span class=\"_ _1c\"></span>ogica<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>esso<span class=\"_ _1\"></span> e com<span class=\"_ _1c\"></span>unque <span class=\"_ _1\"></span>non ol<span class=\"_ _1c\"></span>tre un period<span class=\"_ _1c\"></span>o massi<span class=\"_ _1\"></span>mo di<span class=\"_ _1\"></span> 5 anni<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsc6\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali rappr<span class=\"_ _0\"></span>esentate (i) dalla valo<span class=\"_ _0\"></span>rizzazione, in<span class=\"_ _0\"></span> occasione di oper<span class=\"_ _0\"></span>azioni di </span></span>aggregazione,<span class=\"_ _0\"></span> di relazioni con la c<span class=\"_ _0\"></span>lientela o ma<span class=\"_ _0\"></span>ndati di gestione san<span class=\"_ _0\"></span>citi dai contr<span class=\"_ _0\"></span>atti di acquisizione sotto<span class=\"_ _0\"></span>scritti, (ii) dal rapporto contrattu<span class=\"_ _0\"></span>ale acquisito. Tali <span class=\"lsf wse2\">attivi<span class=\"_ _1c\"></span>t\u00e0, a vi<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>nita, </span>sono originariamente<span class=\"_ _0\"></span> valorizzate al fair value attraver<span class=\"_ _0\"></span>so l\u2019attualizzazione,<span class=\"_ _0\"></span> con l\u2019utilizzo di un tasso r<span class=\"_ _0\"></span>appresentativo del valore<span class=\"_ _0\"></span> temporale del denaro<span class=\"_ _0\"></span> e dei rischi s<span class=\"_ _0\"></span>pecifici dell\u2019att<span class=\"_ _0\"></span>ivit\u00e0, dei flussi r<span class=\"_ _0\"></span>appresentativi del margin<span class=\"_ _0\"></span>e <span class=\"ls30 wsb2\">com<span class=\"_ _1\"></span>missio<span class=\"_ _1\"></span>nale <span class=\"_ _1\"></span>netto l<span class=\"_ _1c\"></span>ungo un p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o espri<span class=\"_ _1c\"></span>mente la<span class=\"_ _1c\"></span> </span>dura<span class=\"_ _1\"></span>ta resi<span class=\"_ _1\"></span>dua, c<span class=\"_ _1c\"></span>ontratt<span class=\"_ _1\"></span>uale o s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>ta, d<span class=\"_ _1\"></span>ei rapp<span class=\"_ _1\"></span>orti in <span class=\"_ _1\"></span>esser<span class=\"_ _1\"></span>e al m<span class=\"_ _1\"></span>omen<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019opera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di<span class=\"_ _1\"></span> aggregazione/<span class=\"_ _0\"></span>acquisizione. Esse sono ammortizzat<span class=\"_ _0\"></span>e lungo il periodo di afflusso dei benefic<span class=\"_ _0\"></span>i econom<span class=\"_ _0\"></span>ici attes<span class=\"_ _0\"></span>i;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws10a\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali legat<span class=\"_ _0\"></span>e alla valorizzaz<span class=\"_ _0\"></span>ione dei marchi iscritti anche<span class=\"_ _0\"></span> in occasione di </span></span>operazion<span class=\"_ _0\"></span>i di aggrega<span class=\"_ _0\"></span>zioni aziendali;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsaf\">infine,<span class=\"_ _0\"></span> tra le attivit\u00e0 immateriali \u00e8 inc<span class=\"_ _0\"></span>luso l\u2019avviamento. L\u2019avviamento pu\u00f2 essere iscr<span class=\"_ _0\"></span>itto, </span></span>nell\u2019<span class=\"_ _0\"></span>ambito di operazioni di aggregazione aziendale, quando la differenza positiv<span class=\"_ _0\"></span>a fra il corrispett<span class=\"_ _0\"></span>ivo trasferito e l\u2019eventu<span class=\"_ _0\"></span>ale rilevazione al fair<span class=\"_ _0\"></span> value della quota di minoranza ed il fair value de<span class=\"_ _0\"></span>gli elementi patrimoniali acqu<span class=\"_ _0\"></span>isiti \u00e8 rappresentativo delle capac<span class=\"_ _0\"></span>it\u00e0 reddituali future de<span class=\"_ _0\"></span>lla partecipazione<span class=\"_ _0\"></span>/attivi tras<span class=\"_ _0\"></span>feriti (goodwill). Q<span class=\"_ _0\"></span>ualora tale differ<span class=\"_ _0\"></span>enza risulti ne<span class=\"_ _0\"></span>gativa (badwill) o nell\u2019ipote<span class=\"_ _0\"></span>si in cui il go<span class=\"_ _1\"></span>odwill non trovi giustific<span class=\"_ _0\"></span>azione nelle capacit\u00e0 reddituali<span class=\"ff2 ls1 ws1\"> </span>futu<span class=\"_ _1\"></span>re d<span class=\"_ _1\"></span>ella p<span class=\"_ _1\"></span>arte<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>ta, l<span class=\"_ _1\"></span>a dif<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nza s<span class=\"_ _1\"></span>tessa<span class=\"_ _1\"></span> vie<span class=\"_ _1c\"></span>ne iscri<span class=\"_ _1\"></span>tta d<span class=\"_ _1\"></span>iret<span class=\"_ _1\"></span>tame<span class=\"_ _1\"></span>nte a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to eco<span class=\"_ _1c\"></span>nomico<span class=\"_ _1\"></span>. Con periodicit\u00e0 annu<span class=\"_ _0\"></span>ale (o ogni volta che vi sia eviden<span class=\"_ _0\"></span>za di perdita di valore) viene e<span class=\"_ _0\"></span>ffettuato un tes<span class=\"_ _1\"></span>t di v<span class=\"_ _1\"></span>erifica<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>\u2019adeg<span class=\"_ _1\"></span>uatezza<span class=\"_ _1c\"></span> del val<span class=\"_ _1\"></span>ore del<span class=\"_ _1\"></span>l\u2019avvi<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o. <span class=\"ls0 ws99\">A tal fine viene identificata </span>l\u2019Unit\u00e0 gener<span class=\"_ _0\"></span>atrice di flussi finanz<span class=\"_ _0\"></span>iari cui attribuire<span class=\"_ _0\"></span> l\u2019avviamento. L\u2019ammontare<span class=\"_ _0\"></span> dell\u2019eventuale riduzione di valore<span class=\"_ _0\"></span> \u00e8 determinato sulla base della differen<span class=\"_ _0\"></span>za tra il valore di iscrizione dell\u2019a<span class=\"_ _1\"></span>vviam<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>ed il s<span class=\"_ _1\"></span>uo val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>i recup<span class=\"_ _1c\"></span>ero, se i<span class=\"_ _1\"></span>nferio<span class=\"_ _1\"></span>re. De<span class=\"_ _1\"></span>tto va<span class=\"_ _1\"></span>lore d<span class=\"_ _1\"></span>i recup<span class=\"_ _1c\"></span>ero \u00e8 pari<span class=\"_ _1\"></span> al<span class=\"_ _1\"></span> maggiore tra il fair value dell\u2019Unit\u00e0 generatrice di flussi finanziari, al netto degli eventu<span class=\"_ _0\"></span>ali costi di vendit<span class=\"_ _0\"></span>a, ed il relativo valore d\u2019us<span class=\"_ _0\"></span>o. <span class=\"lsf ws92\">Le c<span class=\"_ _1\"></span>onse<span class=\"_ _1\"></span>guenti<span class=\"_ _1\"></span> ret<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>he di<span class=\"_ _1\"></span> valo<span class=\"_ _1\"></span>re veng<span class=\"_ _1c\"></span>ono ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>te a </span>cont<span class=\"_ _1\"></span>o econo<span class=\"_ _1\"></span>mico.<span class=\"_ _4ac\"> </span>Criteri di cancellazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Un'attivit<span class=\"_ _0\"></span>\u00e0 immateriale \u00e8 e<span class=\"_ _0\"></span>liminata dallo stato<span class=\"_ _0\"></span> patrimoniale al momen<span class=\"_ _0\"></span>to della <span class=\"wsb9\">dismission<span class=\"_ _0\"></span>e o </span>qualora non siano pi\u00f9<span class=\"_ _0\"></span> attesi benefici economici futuri.<span class=\"_ _4ac\"> </span>A<span class=\"_ _0\"></span>ggr<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Il trasfer<span class=\"_ _0\"></span>imento del con<span class=\"_ _1\"></span>trollo di un\u2019im<span class=\"_ _0\"></span>presa (o di un g<span class=\"_ _1\"></span>ruppo di attivit<span class=\"_ _0\"></span>\u00e0 e <span class=\"_ _1\"></span>beni inte<span class=\"_ _0\"></span>grati, condotti e gesti<span class=\"_ _1\"></span>ti uni<span class=\"_ _1\"></span>taria<span class=\"_ _1\"></span>mente)<span class=\"_ _1\"></span> confi<span class=\"_ _1\"></span>gura u<span class=\"_ _1\"></span>n\u2019op<span class=\"_ _1\"></span>erazio<span class=\"_ _1\"></span>ne di a<span class=\"_ _1\"></span>ggrega<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e azien<span class=\"_ _1\"></span>dale.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>A tal fine il controllo si considera tras<span class=\"_ _0\"></span>ferito quando l\u2019investitore \u00e8 esposto a rendimenti variabili, o detiene<span class=\"_ _0\"></span> diritti su tali ren<span class=\"_ _0\"></span>dimenti, derivant<span class=\"_ _0\"></span>i dal proprio rapporto<span class=\"_ _0\"></span> con la partecipat<span class=\"_ _0\"></span>a e nel contempo h<span class=\"_ _0\"></span>a la capac<span class=\"_ _0\"></span>it\u00e0 di in<span class=\"_ _0\"></span>cidere su<span class=\"_ _0\"></span>i rendimenti es<span class=\"_ _0\"></span>ercita<span class=\"ws0\">ndo il proprio potere su<span class=\"_ _0\"></span> tale entit\u00e0.<span class=\"ls1 ws1\"> </span></span>L\u2019IFR<span class=\"_ _1c\"></span>S 3 ric<span class=\"_ _1\"></span>hied<span class=\"_ _1\"></span>e c<span class=\"_ _1\"></span>he pe<span class=\"_ _1\"></span>r tut<span class=\"_ _1\"></span>te le<span class=\"_ _1\"></span> ope<span class=\"_ _1\"></span>razi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i a<span class=\"_ _1\"></span>ggreg<span class=\"_ _1\"></span>azio<span class=\"_ _1\"></span>ne v<span class=\"_ _1\"></span>enga<span class=\"_ _1\"></span> ind<span class=\"_ _1\"></span>ivid<span class=\"_ _1\"></span>uato <span class=\"_ _1\"></span>un acq<span class=\"_ _1c\"></span>uirent<span class=\"_ _1\"></span>e.<span class=\"_ _1\"></span> Ques<span class=\"_ _1\"></span>t\u2019ulti<span class=\"_ _1c\"></span>mo deve<span class=\"_ _1\"></span> esse<span class=\"_ _1\"></span>re ide<span class=\"_ _1\"></span>ntific<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span> nel sogg<span class=\"_ _1c\"></span>etto ch<span class=\"_ _1\"></span>e ottie<span class=\"_ _1\"></span>ne il co<span class=\"_ _1c\"></span>ntrollo<span class=\"_ _1\"></span> su un\u2019a<span class=\"_ _1\"></span>ltra<span class=\"_ _1\"></span> enti<span class=\"_ _1\"></span>t\u00e0 o grupp<span class=\"_ _1\"></span>o di a<span class=\"_ _1c\"></span>ttivit\u00e0<span class=\"_ _1c\"></span>. Nel ca<span class=\"_ _1\"></span>so in c<span class=\"_ _1c\"></span>ui non <span class=\"_ _1\"></span>si sia<span class=\"_ _1\"></span> in g<span class=\"_ _1\"></span>rad<span class=\"_ _1\"></span>o di i<span class=\"_ _1\"></span>dent<span class=\"ls35 ws107\">ificare un so<span class=\"_ _0\"></span>ggetto contr<span class=\"_ _0\"></span>ollante </span>segu<span class=\"_ _1\"></span>endo la<span class=\"_ _1\"></span> def<span class=\"_ _1\"></span>inizi<span class=\"_ _1c\"></span>one di co<span class=\"_ _1c\"></span>ntrollo s<span class=\"_ _1\"></span>opra<span class=\"_ _1\"></span> desc<span class=\"_ _1c\"></span>ritta, co<span class=\"_ _1\"></span>me pe<span class=\"_ _1\"></span>r es<span class=\"_ _1\"></span>empio <span class=\"_ _1c\"></span>nel caso <span class=\"_ _1\"></span>di op<span class=\"_ _1\"></span>erazi<span class=\"_ _1\"></span>oni di sca<span class=\"_ _1\"></span>mbio di<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>essenz<span class=\"_ _1\"></span>e part<span class=\"_ _1\"></span>ecipativ<span class=\"_ _1c\"></span>e, l\u2019ind<span class=\"_ _1\"></span>ividua<span class=\"_ _1\"></span>zione del<span class=\"_ _1\"></span>l\u2019acq<span class=\"_ _1\"></span>uir<span class=\"_ _1\"></span>ente dev<span class=\"_ _1c\"></span>e avvenire c<span class=\"_ _1c\"></span>on l\u2019utilizzo<span class=\"_ _0\"></span> di altri fattori quali:<span class=\"_ _0\"></span> l\u2019entit\u00e0 il cui fa<span class=\"_ _0\"></span>ir value \u00e8 significativamente ma<span class=\"_ _0\"></span>ggiore, l\u2019entit\u00e0 che even<span class=\"_ _1c\"></span>tualmen<span class=\"_ _1\"></span>te ve<span class=\"_ _1\"></span>rsa <span class=\"_ _1\"></span>un cor<span class=\"_ _1\"></span>risp<span class=\"_ _1c\"></span>ettivo i<span class=\"_ _1\"></span>n dena<span class=\"_ _1c\"></span>ro, l\u2019e<span class=\"_ _1c\"></span>ntit\u00e0 ch<span class=\"_ _1c\"></span>e emett<span class=\"_ _1\"></span>e le nu<span class=\"_ _1c\"></span>ove azio<span class=\"_ _1c\"></span>ni.<span class=\"ls1 ws1\"> </span>L\u2019acquisizione<span class=\"_ _0\"></span>, e quindi il primo<span class=\"_ _0\"></span> consolidamento dell\u2019ent<span class=\"_ _0\"></span>it\u00e0 acquisita, deve e<span class=\"_ _0\"></span>ssere contabilizzata nella dat<span class=\"_ _0\"></span>a in cui l\u2019acquirente ot<span class=\"_ _0\"></span>tiene effettivamente il c<span class=\"_ _0\"></span>ontrollo sull\u2019im<span class=\"_ _0\"></span>presa o attivit\u00e0 acquisite<span class=\"_ _0\"></span>. Quand<span class=\"_ _1c\"></span>o l\u2019ope<span class=\"_ _1\"></span>razio<span class=\"_ _1\"></span>ne av<span class=\"_ _1\"></span>viene <span class=\"_ _1c\"></span>tramite<span class=\"_ _1\"></span> un\u2019u<span class=\"_ _1\"></span>nica <span class=\"_ _1\"></span>operaz<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"lse ws136\">di scambio, la<span class=\"_ _0\"></span> data dello scambio </span></span>normalmente coinc<span class=\"_ _0\"></span>ide con la data di a<span class=\"_ _1\"></span>cquisizione. Tutt<span class=\"_ _0\"></span>avia, \u00e8 sempre n<span class=\"_ _1\"></span>ecess<span class=\"_ _0\"></span>ario verificare l\u2019e<span class=\"_ _0\"></span>ventuale pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>za di accordi tr<span class=\"_ _0\"></span>a le parti che poss<span class=\"_ _0\"></span>ano compor<span class=\"_ _0\"></span>tare un tra<span class=\"_ _0\"></span>sferimen<span class=\"_ _0\"></span>to del controllo pr<span class=\"_ _0\"></span>ima della data dello scambio.<span class=\"ls1 ws1\"> </span>Il corrispett<span class=\"_ _0\"></span>ivo trasferito nell\u2019ambito di un\u2019oper<span class=\"_ _0\"></span>azione di aggregazione deve essere determinato come sommatoria del fair value, alla data dello scambio, delle attiv<span class=\"_ _0\"></span>it\u00e0 cedute, delle passivit\u00e0 sostenute o as<span class=\"_ _0\"></span>sunte e degli strumenti di capitale emess<span class=\"_ _0\"></span>i dall\u2019acquirente in cambio de<span class=\"_ _0\"></span>l controllo.<span class=\"ls1 ws1\"> </span>Nelle<span class=\"_ _0\"></span> operazi<span class=\"_ _0\"></span>oni che prev<span class=\"_ _0\"></span>edono il pag<span class=\"_ _0\"></span>amento in<span class=\"_ _0\"></span> denaro (o quan<span class=\"_ _0\"></span>do \u00e8 previs<span class=\"_ _0\"></span>to il pagamen<span class=\"_ _0\"></span>to mediante strument<span class=\"_ _0\"></span>i finanziari assimilabili alla cassa) il prezzo \u00e8 il c<span class=\"_ _1\"></span>orris<span class=\"_ _0\"></span>pettivo pattuito, even<span class=\"_ _1c\"></span>tualmen<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tuali<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>to nel<span class=\"_ _1\"></span> caso<span class=\"_ _1\"></span> in cui<span class=\"_ _1\"></span> sia<span class=\"_ _1\"></span> previs<span class=\"_ _1c\"></span>to un pa<span class=\"_ _1\"></span>game<span class=\"_ _1c\"></span>nto rat<span class=\"_ _1\"></span>ea<span class=\"ls31 ws91\">le con<span class=\"_ _0\"></span> rife<span class=\"_ _0\"></span>rimento </span>ad u<span class=\"_ _1\"></span>n peri<span class=\"_ _1\"></span>odo s<span class=\"_ _1\"></span>uperi<span class=\"_ _1c\"></span>ore al br<span class=\"_ _1\"></span>eve <span class=\"_ _1\"></span>termin<span class=\"_ _1\"></span>e; nel<span class=\"_ _1\"></span> caso<span class=\"_ _1c\"></span> in cui i<span class=\"_ _1\"></span>l pag<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>to avv<span class=\"_ _1c\"></span>enga trami<span class=\"_ _1c\"></span>te uno<span class=\"_ _1\"></span> strume<span class=\"_ _0\"></span>nto diverso<span class=\"_ _0\"></span> dalla cassa,<span class=\"_ _0\"></span> quindi mediante<span class=\"_ _0\"></span> l\u2019emissione<span class=\"_ _0\"></span> di strumenti ra<span class=\"_ _0\"></span>ppresenta<span class=\"_ _0\"></span>tivi di capitale, il pr<span class=\"_ _0\"></span>ezzo \u00e8 pari al fair valu<span class=\"_ _0\"></span>e del mezzo di p<span class=\"lsf wse2\">aga<span class=\"_ _1\"></span>mento a<span class=\"_ _1\"></span>l ne<span class=\"_ _1\"></span>tto dei<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>ti di<span class=\"_ _1\"></span>retta<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e </span>attribu<span class=\"_ _0\"></span>ibili all\u2019operazione di emis<span class=\"_ _0\"></span>sione di capitale.<span class=\"ls1 ws1\"> </span>Sono inc<span class=\"_ _0\"></span>lusi nel corrispett<span class=\"_ _0\"></span>ivo dell\u2019aggre<span class=\"_ _0\"></span>gazione aziendale alla dat<span class=\"_ _0\"></span>a di acquisizion<span class=\"_ _0\"></span>e gli aggiustamenti su<span class=\"_ _0\"></span>bordinati ad eventi futuri, se previsti dagli accordi e solo nel caso in cui siano probabili, det<span class=\"_ _0\"></span>erminabili in modo attendibile e realizzat<span class=\"_ _0\"></span>i entro i dodici mesi successivi alla<span class=\"_ _0\"></span> data di acquisizione del contro<span class=\"_ _0\"></span>llo, mentre non vengono considerati gli indennizzi per riduzione del valore delle att<span class=\"_ _0\"></span>ivit\u00e0 utilizzate in<span class=\"_ _0\"></span> quanto gi\u00e0 considerati o nel fair value degli str<span class=\"ls35 ws16\">um<span class=\"_ _0\"></span>enti<span class=\"ls1 ws1\"> </span></span>rapp<span class=\"_ _1\"></span>resen<span class=\"_ _1\"></span>tativi<span class=\"_ _1\"></span> di cap<span class=\"_ _1c\"></span>itale o c<span class=\"_ _1c\"></span>ome riduz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne del p<span class=\"_ _1\"></span>remi<span class=\"_ _1\"></span>o o i<span class=\"_ _1\"></span>ncreme<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>ello<span class=\"_ _1\"></span> scont<span class=\"_ _1\"></span>o sull\u2019em<span class=\"_ _0\"></span>issione iniziale nel caso di emis<span class=\"_ _0\"></span>sione di strumenti di debito.<span class=\"ls1 ws1\"> </span>I costi corre<span class=\"_ _0\"></span>lati all\u2019acquisizione sono gli oneri che l\u2019<span class=\"_ _0\"></span>acquirente sostiene per la rea<span class=\"_ _0\"></span>lizzazione dell\u2019aggre<span class=\"_ _0\"></span>gazione aziendale; a titolo esemplificativo<span class=\"_ _0\"></span> questi comprendono i compensi profession<span class=\"_ _0\"></span>ali corrisposti a revisori, per<span class=\"_ _0\"></span>iti e consulenti legali, i costi p<span class=\"ws74\">er periz<span class=\"_ _0\"></span>ie e contro<span class=\"_ _0\"></span>llo dei </span>conti, i costi per la predisposizione di documenti informativ<span class=\"_ _0\"></span>i richiesti dalle norme, nonch\u00e9 le spes<span class=\"_ _0\"></span>e di consu<span class=\"_ _0\"></span>lenz<span class=\"_ _0\"></span>a sosten<span class=\"_ _0\"></span>ute per id<span class=\"_ _0\"></span>entifi<span class=\"_ _0\"></span>car<span class=\"_ _0\"></span>e poten<span class=\"_ _0\"></span>ziali t<span class=\"_ _0\"></span>arget da<span class=\"_ _0\"></span> acquis<span class=\"_ _0\"></span>ire se \u00e8 cont<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>ualm<span class=\"_ _1\"></span>ente s<span class=\"_ _1c\"></span>tabili<span class=\"_ _1\"></span>to che il<span class=\"_ _1\"></span> pag<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>to sia<span class=\"_ _1\"></span> ef<span class=\"ls0 wsa7\">fettuato solo in caso<span class=\"_ _0\"></span> di esito posit<span class=\"_ _0\"></span>ivo<span class=\"_ _1\"></span> </span>dell\u2019aggre<span class=\"_ _0\"></span>gazione, nonch\u00e9 i costi di registrazione<span class=\"_ _0\"></span> ed emissione di titoli di debito o titoli azionari. L\u2019acquirente<span class=\"_ _0\"></span> deve contabilizzare i costi corr<span class=\"_ _0\"></span>elati all\u2019acquisiz<span class=\"_ _0\"></span>ione come oneri nei periodi in cui tali co<span class=\"_ _0\"></span>sti so<span class=\"_ _0\"></span>no<span class=\"ls1 ws1\"> <span class=\"ls0 ws77\">sostenuti e i servizi sono ricevuti, ad eccezione dei costi di emis<span class=\"_ _0\"></span>sione di titoli azionari </span></span>o di titoli di de<span class=\"_ _0\"></span>bito che devono essere rilevat<span class=\"_ _0\"></span>i secondo quanto disposto dallo IAS<span class=\"_ _0\"></span> 32 e dallo IAS<span class=\"_ _1\"></span> 39.<span class=\"ls1 ws1\"> </span>Le operazioni di aggr<span class=\"_ _0\"></span>egazione aziendale son<span class=\"_ _0\"></span>o contabilizzate secondo il \u201cmet<span class=\"_ _0\"></span>odo dell\u2019acqu<span class=\"_ _0\"></span>isizione\u201d, in base al quale le att<span class=\"_ _0\"></span>ivit\u00e0 identificabili ac<span class=\"_ _0\"></span>quisite (comprese e<span class=\"_ _0\"></span>ventuali attivit\u00e0 immateriali in<span class=\"_ _0\"></span> precedenza non rilev<span class=\"_ _0\"></span>ate dall\u2019impresa acquis<span class=\"_ _0\"></span>ita) e le passivit\u00e0 iden<span class=\"_ _0\"></span>tificabili assunte (compre<span class=\"_ _0\"></span>se quelle potenziali) devon<span class=\"_ _0\"></span>o essere rilevate a<span class=\"_ _0\"></span>i rispettivi fair valu<span class=\"_ _0\"></span>e alla data di acquisizione.<span class=\"ls1 ws1\"> </span>Inoltre, event<span class=\"_ _0\"></span>uali quote di minoranza nella societ<span class=\"_ _0\"></span>\u00e0 acquisita (per ogni aggregazione azien<span class=\"_ _0\"></span>dale) poss<span class=\"_ _1\"></span>ono ess<span class=\"_ _1c\"></span>ere rilev<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> al fa<span class=\"_ _1\"></span>ir valu<span class=\"_ _1\"></span>e (con <span class=\"_ _1\"></span>cons<span class=\"_ _1\"></span>egue<span class=\"_ _1\"></span>nte i<span class=\"_ _1\"></span>ncreme<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>el co<span class=\"_ _1c\"></span>rrispetti<span class=\"_ _1\"></span>vo t<span class=\"_ _1\"></span>rasferi<span class=\"_ _1c\"></span>to) o in p<span class=\"_ _1c\"></span>roporzi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>lla q<span class=\"_ _1\"></span>uota d<span class=\"_ _1\"></span>ella p<span class=\"_ _1\"></span>art<span class=\"_ _1\"></span>ecipa<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>minora<span class=\"_ _1\"></span>nza n<span class=\"_ _1\"></span>e<span class=\"ls0 ws65\">lle attivit\u00e0 nette identific<span class=\"_ _0\"></span>abili </span>delle societ<span class=\"_ _0\"></span>\u00e0 acquisite.<span class=\"ls1 ws1\"> </span>Se il controllo viene realizzato attr<span class=\"_ _0\"></span>averso acquisti successivi, l\u2019<span class=\"_ _0\"></span>acquirente deve ricalcolare l\u2019int<span class=\"_ _1\"></span>eres<span class=\"_ _1\"></span>senz<span class=\"_ _1\"></span>a c<span class=\"_ _1\"></span>he de<span class=\"_ _1\"></span>tene<span class=\"_ _1\"></span>va i<span class=\"_ _1\"></span>n pre<span class=\"_ _1\"></span>cede<span class=\"_ _1\"></span>nza <span class=\"_ _1\"></span>nella<span class=\"_ _1\"></span> soci<span class=\"_ _1c\"></span>et\u00e0 acq<span class=\"_ _1c\"></span>uisita a<span class=\"_ _1\"></span>l ri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>ttivo f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue al<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> di a<span class=\"_ _1\"></span>cquisi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e e ri<span class=\"_ _1\"></span>leva<span class=\"_ _1c\"></span>re nel<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>o eco<span class=\"_ _1\"></span>nomic<span class=\"_ _1\"></span>o l\u2019ev<span class=\"_ _1c\"></span>entuale<span class=\"_ _1\"></span> d<span class=\"ls1d wse4\">ifferen<span class=\"_ _0\"></span>za ris<span class=\"_ _0\"></span>petto a<span class=\"_ _0\"></span>l preceden<span class=\"_ _0\"></span>te </span>valore di caric<span class=\"_ _0\"></span>o.<span class=\"ls1 ws1\"> </span>L\u2019eccedenza tra il corr<span class=\"_ _0\"></span>ispettivo trasferito (rappresentato dal fair v<span class=\"_ _0\"></span>alue delle attivit\u00e0 tras<span class=\"_ _0\"></span>ferite,<span class=\"_ _1\"></span> delle passiv<span class=\"_ _0\"></span>it\u00e0 sostenute o degli strumenti di capitale<span class=\"_ _0\"></span> emessi dall\u2019acquirente), eventualmen<span class=\"_ _0\"></span>te integ<span class=\"_ _1\"></span>rato dal<span class=\"_ _1\"></span> valor<span class=\"_ _1c\"></span>e delle qu<span class=\"_ _1\"></span>ote di <span class=\"_ _1\"></span>minora<span class=\"_ _1\"></span>nza (d<span class=\"_ _1c\"></span>eterminat<span class=\"_ _1\"></span>o c<span class=\"ls11 ws140\">ome sopra esposto) e dal fair value </span>delle interessenze gi\u00e0 possedute dall\u2019ac<span class=\"_ _0\"></span>quirente, ed il fair value d<span class=\"_ _1\"></span>elle attivit<span class=\"_ _0\"></span>\u00e0 e passivit\u00e0 acquisite<span class=\"_ _0\"></span> deve essere rilevata<span class=\"_ _0\"></span> come avviamento; qualora il fair<span class=\"_ _0\"></span> value di tali at<span class=\"_ _0\"></span>tivit\u00e0<span class=\"_ _0\"></span> e passivit\u00e0 acquisite<span class=\"_ _0\"></span> risultino, <span class=\"_ _0\"></span>invece<span class=\"ls30 ws5d\">, sup<span class=\"_ _1\"></span>eriori <span class=\"_ _1\"></span>alla s<span class=\"_ _1c\"></span>ommatori<span class=\"_ _1\"></span>a d<span class=\"_ _1\"></span>el cor<span class=\"_ _1\"></span>rispe<span class=\"_ _1\"></span>ttivo<span class=\"_ _1\"></span>, del<span class=\"_ _1\"></span>le q<span class=\"_ _1\"></span>uote d<span class=\"_ _1\"></span>i mino<span class=\"_ _1\"></span>ranza<span class=\"_ _1c\"></span> </span>e del fa<span class=\"_ _1\"></span>ir val<span class=\"_ _1\"></span>ue dell<span class=\"_ _1\"></span>e quo<span class=\"_ _1\"></span>te gi\u00e0 p<span class=\"_ _1\"></span>ossed<span class=\"_ _1\"></span>ute, l<span class=\"_ _1\"></span>a dif<span class=\"_ _1\"></span>ferenza d<span class=\"_ _1\"></span>eve ess<span class=\"_ _1c\"></span>ere impu<span class=\"_ _1\"></span>tata a co<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span> econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span>La <span class=\"_ _11\"></span><span class=\"ls0 ws86\">contabilizz<span class=\"_ _0\"></span>azione dell\u2019o<span class=\"_ _0\"></span>perazione di aggregazio<span class=\"_ _0\"></span>ne pu\u00f2 avvenire<span class=\"_ _0\"></span> provvisoriamente ent<span class=\"_ _0\"></span>ro la </span>fine del<span class=\"_ _1\"></span>l\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1\"></span>o in cui<span class=\"_ _1\"></span> l\u2019ag<span class=\"_ _1\"></span>gregazi<span class=\"_ _1\"></span>one vi<span class=\"_ _1\"></span>ene re<span class=\"_ _1\"></span>alizz<span class=\"_ _1\"></span>ata e dev<span class=\"_ _1\"></span>e esser<span class=\"_ _1\"></span>e perf<span class=\"_ _1c\"></span>ezionata e<span class=\"_ _1\"></span>ntro d<span class=\"_ _1\"></span>odici<span class=\"_ _1\"></span> mesi dalla data di ac<span class=\"_ _0\"></span>quisizione.<span class=\"ls1 ws1\"> </span>Le contabilizzazio<span class=\"_ _0\"></span>ni di ulteriori quote di partec<span class=\"_ _0\"></span>ipazione in societ\u00e0 gi\u00e0 controllate<span class=\"_ _0\"></span> sono considerate, <span class=\"_ _0\"></span>ai sensi <span class=\"_ _0\"></span>dell\u2019IFRS<span class=\"_ _0\"></span> 10, come oper<span class=\"_ _0\"></span>azione <span class=\"_ _0\"></span>sul capitale, o<span class=\"_ _0\"></span>ssia operaz<span class=\"_ _0\"></span>ioni con <span class=\"_ _0\"></span>soci che agiscono nella lo<span class=\"_ _0\"></span>ro qualit\u00e0 di soc<span class=\"_ _0\"></span>i. Pertanto, le differenze tra i cost<span class=\"_ _0\"></span>i di acquisizione ed il va<span class=\"_ _0\"></span>lore conta<span class=\"_ _1\"></span>bile d<span class=\"_ _1c\"></span>elle q<span class=\"_ _1\"></span>uote d<span class=\"_ _1c\"></span>i minora<span class=\"_ _1\"></span>nza a<span class=\"_ _1\"></span>cqui<span class=\"_ _1\"></span>site <span class=\"_ _1\"></span>son<span class=\"_ _1\"></span>o imp<span class=\"_ _1\"></span>utat<span class=\"_ _1\"></span>e al pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>moni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to di<span class=\"_ _1\"></span> grup<span class=\"_ _1\"></span>po; pari<span class=\"_ _1\"></span>menti, l<span class=\"_ _1\"></span>e ve<span class=\"_ _1\"></span>ndite<span class=\"_ _1\"></span> di quot<span class=\"_ _1\"></span>e di mi<span class=\"_ _1c\"></span>noranza<span class=\"_ _1\"></span> senza<span class=\"_ _1\"></span> perdi<span class=\"_ _1\"></span>ta del<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>rollo n<span class=\"_ _1\"></span>on gen<span class=\"_ _1\"></span>eran<span class=\"_ _1\"></span>o utili/<span class=\"_ _0\"></span>perdite nel c<span class=\"_ _0\"></span>onto economico m<span class=\"_ _0\"></span>a variazion<span class=\"_ _0\"></span>i d<span class=\"ls31 ws2b\">el patr<span class=\"_ _0\"></span>imonio<span class=\"_ _0\"></span> netto di G<span class=\"_ _0\"></span>ruppo.<span class=\"ls1 ws1\"> </span></span>Non sono configur<span class=\"_ _0\"></span>abili come aggregazioni aziendali le opera<span class=\"_ _0\"></span>zioni finalizzate<span class=\"_ _0\"></span> (i) al controllo di una o p<span class=\"_ _1\"></span>i\u00f9 i<span class=\"_ _1\"></span>mpre<span class=\"_ _1\"></span>se ch<span class=\"_ _1c\"></span>e non cos<span class=\"_ _1c\"></span>tituis<span class=\"_ _1\"></span>cono <span class=\"_ _1c\"></span>un\u2019attiv<span class=\"_ _1\"></span>it\u00e0 az<span class=\"_ _1\"></span>iend<span class=\"_ _1\"></span>ale<span class=\"_ _1\"></span>, (ii)<span class=\"_ _1\"></span>  al c<span class=\"_ _1\"></span>ontrol<span class=\"_ _1\"></span>lo i<span class=\"_ _1\"></span>n via <span class=\"_ _1\"></span>trans<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>oria,<span class=\"_ _1c\"></span> (iii) con sco<span class=\"_ _0\"></span>pi riorganizzativi,<span class=\"_ _0\"></span> quindi tra due o pi\u00f9 imp<span class=\"ls11 ws83\">rese o attivit\u00e0 az<span class=\"_ _0\"></span>iendali gi\u00e0 facenti parte </span>del g<span class=\"_ _1\"></span>rupp<span class=\"_ _1c\"></span>o e che n<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>ompo<span class=\"_ _1\"></span>rta ca<span class=\"_ _1c\"></span>mbiam<span class=\"_ _1\"></span>ento d<span class=\"_ _1\"></span>egli<span class=\"_ _1\"></span> asse<span class=\"_ _1c\"></span>tti di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ollo i<span class=\"_ _1c\"></span>ndipend<span class=\"_ _1c\"></span>enteme<span class=\"_ _1\"></span>nte dalla per<span class=\"_ _0\"></span>centuale di dir<span class=\"_ _0\"></span>itti di terz<span class=\"_ _0\"></span>i prima e dopo l\u2019o<span class=\"_ _0\"></span>perazione (co<span class=\"_ _0\"></span>siddette aggr<span class=\"_ _0\"></span>egazion<span class=\"_ _0\"></span>i aziendali di i<span class=\"_ _1\"></span>mprese<span class=\"_ _1\"></span> sot<span class=\"_ _1\"></span>topos<span class=\"_ _1\"></span>te a<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>ollo <span class=\"_ _1\"></span>comu<span class=\"_ _1\"></span>ne); <span class=\"_ _1\"></span>tali <span class=\"_ _1\"></span>operaz<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> sono<span class=\"_ _1\"></span> cons<span class=\"_ _1\"></span>idera<span class=\"_ _1\"></span>te pri<span class=\"_ _1\"></span>ve di<span class=\"_ _1\"></span> sos<span class=\"_ _1\"></span>tanza<span class=\"_ _1\"></span> economica. Pert<span class=\"_ _0\"></span>anto, in assenza di specifiche indicazion<span class=\"_ _0\"></span>i previ<span class=\"lsf ws7a\">ste <span class=\"_ _1\"></span>dai p<span class=\"_ _1\"></span>rinci<span class=\"_ _1\"></span>pi I<span class=\"_ _1\"></span>FRS <span class=\"_ _1\"></span>e in a<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>enza<span class=\"_ _1c\"></span> </span>con le presunzion<span class=\"_ _0\"></span>i dello IAS 8, (le<span class=\"_ _0\"></span> cui previsioni indicano<span class=\"_ _0\"></span> che, in assenza di un<span class=\"_ _0\"></span> principio specifico, l\u2019impresa<span class=\"_ _0\"></span> debba fare uso del proprio<span class=\"_ _0\"></span> giudizio nell\u2019applic<span class=\"_ _0\"></span>are un principio<span class=\"_ _0\"></span> contabile che<span class=\"_ _0\"></span> fornisca un\u2019inform<span class=\"_ _0\"></span>ativa rilev<span class=\"lsf ws310\">ant<span class=\"_ _1\"></span>e, at<span class=\"_ _1\"></span>tendi<span class=\"_ _1\"></span>bile<span class=\"_ _1\"></span>, pr<span class=\"_ _1\"></span>udent<span class=\"_ _1\"></span>e e<span class=\"_ _1\"></span> che ri<span class=\"_ _1\"></span>fle<span class=\"_ _1\"></span>tta l<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>stanz<span class=\"_ _1\"></span>a e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omica<span class=\"_ _1c\"></span> </span>dell\u2019oper<span class=\"_ _0\"></span>azione), esse sono cont<span class=\"_ _0\"></span>abilizzate salvaguar<span class=\"_ _0\"></span>dando la continuit\u00e0 dei valo<span class=\"_ _0\"></span>ri dell\u2019acquisita nel bilancio<span class=\"_ _0\"></span> dell\u2019acquirente.<span class=\"ls1 ws1\"> </span>Le fus<span class=\"_ _1\"></span>ioni ri<span class=\"_ _1c\"></span>entrano <span class=\"_ _1\"></span>tra l<span class=\"_ _1\"></span>e opera<span class=\"_ _1\"></span>zioni<span class=\"_ _1\"></span> di co<span class=\"_ _1\"></span>ncen<span class=\"_ _1\"></span>trazi<span class=\"_ _1\"></span>one tra<span class=\"_ _1\"></span> impr<span class=\"_ _1\"></span>ese, ra<span class=\"_ _1c\"></span>ppresen<span class=\"_ _1\"></span>tando l<span class=\"_ _1\"></span>a for<span class=\"_ _1\"></span>ma di aggregazione azien<span class=\"_ _0\"></span>dale pi\u00f9 completa, in quanto comportano l\u2019unificazione sia giuridica che econom<span class=\"_ _0\"></span>ica dei so<span class=\"_ _0\"></span>ggetti che vi pa<span class=\"_ _0\"></span>rtecipano.<span class=\"ls1 ws1\"> </span>Le fus<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span>, sia<span class=\"_ _1\"></span>no ess<span class=\"_ _1c\"></span>e propri<span class=\"_ _1\"></span>e, ci<span class=\"_ _1\"></span>o\u00e8 c<span class=\"_ _1\"></span>on la <span class=\"_ _1\"></span>costi<span class=\"_ _1c\"></span>tuzione<span class=\"_ _1\"></span> di un<span class=\"_ _1\"></span> nuov<span class=\"_ _1c\"></span>o sogg<span class=\"_ _1\"></span>etto g<span class=\"_ _1\"></span>iuridi<span class=\"_ _1\"></span>co op<span class=\"_ _1\"></span>pure<span class=\"_ _1c\"></span> \u201cper i<span class=\"_ _1c\"></span>ncorp<span class=\"_ _1\"></span>orazi<span class=\"_ _1\"></span>one\u201d<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>n la <span class=\"_ _1\"></span>confl<span class=\"_ _1c\"></span>uenza di<span class=\"_ _1\"></span> un\u2019i<span class=\"_ _1c\"></span>mpresa<span class=\"_ _1\"></span> in <span class=\"_ _1\"></span>un\u2019al<span class=\"_ _1c\"></span>tra imp<span class=\"_ _1\"></span>resa<span class=\"_ _1\"></span> gi\u00e0 e<span class=\"_ _1c\"></span>sistent<span class=\"_ _1c\"></span>e, sono<span class=\"_ _1c\"></span> trat<span class=\"_ _1\"></span>tate s<span class=\"_ _1c\"></span>econdo i<span class=\"_ _1\"></span> crit<span class=\"_ _1c\"></span>eri pr<span class=\"_ _1\"></span>ecede<span class=\"_ _1c\"></span>ntemen<span class=\"_ _1\"></span>te il<span class=\"_ _1\"></span>lustra<span class=\"_ _1c\"></span>ti, in p<span class=\"_ _1\"></span>artic<span class=\"_ _1c\"></span>olar<span class=\"ls1d ws2b\">e:<span class=\"ls1 ws1\"> </span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls30 wsdf\">se l\u2019<span class=\"_ _1\"></span>operaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e comp<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span> il tra<span class=\"_ _1\"></span>sferi<span class=\"_ _1c\"></span>mento d<span class=\"_ _1\"></span>el co<span class=\"_ _1\"></span>ntrol<span class=\"_ _1\"></span>lo di <span class=\"_ _1\"></span>un\u2019i<span class=\"_ _1\"></span>mpre<span class=\"_ _1\"></span>sa, ess<span class=\"_ _1\"></span>a vi<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span> </span></span>trat<span class=\"_ _1\"></span>tata com<span class=\"_ _1\"></span>e un\u2019op<span class=\"_ _1c\"></span>erazione d<span class=\"_ _1\"></span>i agg<span class=\"_ _1\"></span>regazi<span class=\"_ _1\"></span>one ai<span class=\"_ _1\"></span> sensi d<span class=\"_ _1\"></span>ell\u2019IF<span class=\"_ _1\"></span>RS 3;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws8b\">se l\u2019operazione<span class=\"_ _0\"></span> non comporta il trasferimento del c<span class=\"_ _0\"></span>ontrollo, essa vien<span class=\"_ _0\"></span>e contabilizzata </span></span>privilegian<span class=\"_ _0\"></span>do la continuit\u00e0 dei valori della s<span class=\"_ _0\"></span>ociet\u00e0 incorporata.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-669": {
   "value": "Attivi<span class=\"_ _0\"></span>t\u00e0 immate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le attiv<span class=\"_ _0\"></span>it\u00e0 immateriali sono is<span class=\"_ _0\"></span>critte come tali se s<span class=\"_ _0\"></span>ono identificabili e<span class=\"_ _0\"></span> trovano origine<span class=\"_ _0\"></span> in diritti legali o con<span class=\"_ _0\"></span>trattuali. Tra le at<span class=\"_ _0\"></span>tivit\u00e0 immateriali \u00e8<span class=\"_ _0\"></span> anche is<span class=\"_ _0\"></span>critto l\u2019avviamento<span class=\"_ _0\"></span> che rappresenta la differenz<span class=\"_ _0\"></span>a positiva tra il costo<span class=\"_ _0\"></span> di acquisto ed il fair value<span class=\"_ _0\"></span> delle attivit\u00e0 e pass<span class=\"_ _0\"></span>ivit\u00e0 acquisite in ambito di o<span class=\"_ _0\"></span>perazioni di aggr<span class=\"_ _0\"></span>egazione azien<span class=\"_ _0\"></span>dale.<span class=\"ls1 ws1\"> </span>Criteri di iscrizione e v<span class=\"_ _1\"></span>alutazione<span class=\"_ _4ac\"> </span>Le attiv<span class=\"_ _0\"></span>it\u00e0 immateriali sono is<span class=\"_ _0\"></span>critte al costo,<span class=\"_ _0\"></span> rettificato per<span class=\"_ _0\"></span> eventuali oneri ac<span class=\"_ _0\"></span>cessori solo se<span class=\"_ _0\"></span> \u00e8 probabile che i futuri benef<span class=\"_ _0\"></span>ici economici attribuibili all\u2019attivit<span class=\"_ _0\"></span>\u00e0 si r<span class=\"_ _1\"></span>ealizzino<span class=\"_ _0\"></span> e se il costo dell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 stessa pu\u00f2 essere<span class=\"_ _0\"></span> attendibilmente determinato.<span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls30 wsc2\">In cas<span class=\"_ _1\"></span>o cont<span class=\"_ _1\"></span>rario i<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> </span></span>immateriale<span class=\"_ _0\"></span> \u00e8 rile<span class=\"_ _0\"></span>vato a conto e<span class=\"_ _0\"></span>conomico ne<span class=\"_ _0\"></span>ll\u2019esercizio <span class=\"_ _0\"></span>in cui \u00e8 <span class=\"_ _0\"></span>stato sost<span class=\"_ _0\"></span>enuto.<span class=\"ls1 ws1\"> </span>Per<span class=\"_ _1\"></span> le at<span class=\"_ _1c\"></span>tivit\u00e0 <span class=\"_ _1\"></span>a vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile d<span class=\"_ _1c\"></span>efinita<span class=\"_ _1\"></span>, il<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>to \u00e8<span class=\"_ _1\"></span> amm<span class=\"_ _1\"></span>ortiz<span class=\"_ _1\"></span>zato<span class=\"_ _1\"></span> in q<span class=\"_ _1\"></span>uo<span class=\"_ _1\"></span>te cos<span class=\"_ _1c\"></span>tanti o<span class=\"_ _1c\"></span> in quo<span class=\"_ _1c\"></span>te decrescent<span class=\"_ _0\"></span>i determinate in funzione dell\u2019afflusso<span class=\"_ _0\"></span> dei benefici economici attes<span class=\"_ _0\"></span>i dall\u2019attivit\u00e0. Le<span class=\"_ _4ac\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span> vita<span class=\"_ _1\"></span> uti<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>ndefi<span class=\"_ _1c\"></span>nita no<span class=\"_ _1c\"></span>n sono i<span class=\"_ _1\"></span>nvec<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>ggett<span class=\"_ _1\"></span>e ad a<span class=\"_ _1c\"></span>mmorta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>atic<span class=\"_ _1\"></span>o, b<span class=\"_ _1\"></span>ens\u00ec a<span class=\"_ _1\"></span>d un test perio<span class=\"_ _0\"></span>dico di verifica dell\u2019adeguatez<span class=\"_ _0\"></span>za del relativo valore di iscrizione<span class=\"_ _0\"></span> in bilancio.<span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, <span class=\"_ _1c\"></span>nel caso <span class=\"_ _1\"></span>di sof<span class=\"_ _1\"></span>twa<span class=\"_ _1\"></span>re gen<span class=\"_ _1\"></span>erati i<span class=\"_ _1c\"></span>ntername<span class=\"_ _1c\"></span>nte i cos<span class=\"_ _1\"></span>ti sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r lo sv<span class=\"_ _1\"></span>ilup<span class=\"_ _1\"></span>po del<span class=\"_ _1c\"></span> progetto<span class=\"_ _0\"></span> sono iscritti fra le attivit<span class=\"_ _0\"></span>\u00e0 immateriali a condizione<span class=\"_ _0\"></span> che siano dimostrati i se<span class=\"_ _0\"></span>guenti elementi:<span class=\"_ _0\"></span> la fattibilit\u00e0 tecn<span class=\"_ _0\"></span>ica, l\u2019intenzione del com<span class=\"_ _0\"></span>pletamento, l\u2019utilit\u00e0 fu<span class=\"_ _0\"></span>tura, la dispon<span class=\"_ _0\"></span>ibilit\u00e0 di risorse fin<span class=\"_ _0\"></span>anziarie e tecniche su<span class=\"_ _0\"></span>fficienti e la capacit<span class=\"_ _0\"></span>\u00e0 di determinare in<span class=\"_ _0\"></span> modo attendibile i cost<span class=\"_ _0\"></span>i del p<span class=\"_ _1\"></span>roget<span class=\"_ _1\"></span>to.<span class=\"ls1 ws1\"> </span>Se es<span class=\"_ _0\"></span>iste qualche<span class=\"_ _0\"></span> indicazione<span class=\"_ _0\"></span> che dimostri che<span class=\"_ _0\"></span> un\u2019atti<span class=\"_ _0\"></span>vit\u00e0 possa a<span class=\"_ _0\"></span>vere sub\u00ecto<span class=\"_ _0\"></span> una perdita<span class=\"_ _0\"></span> di valore,<span class=\"_ _0\"></span> si procede alla stim<span class=\"_ _0\"></span>a del valore di recupero<span class=\"_ _0\"></span> dell'attivit\u00e0. L\u2019<span class=\"_ _0\"></span>ammontare della perdita, rilev<span class=\"_ _1\"></span>ato a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omic<span class=\"_ _1\"></span>o, \u00e8 pari<span class=\"_ _1\"></span> alla<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erenza t<span class=\"_ _1\"></span>ra il v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> con<span class=\"ls0 ws76\">tabile dell\u2019attivit\u00e0 ed il valo<span class=\"_ _0\"></span>re </span>recu<span class=\"_ _0\"></span>pera<span class=\"_ _0\"></span>bile.<span class=\"ls1 ws1\"> </span>In partico<span class=\"_ _0\"></span>lare, tra le attivit\u00e0 immateriali s<span class=\"_ _0\"></span>ono incluse:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsaf\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali basate sulla tecnolo<span class=\"_ _0\"></span>gia, quali il software applicativo, ammort<span class=\"_ _0\"></span>izzato in </span></span>funz<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ta ob<span class=\"_ _1\"></span>soles<span class=\"_ _1c\"></span>cenza<span class=\"_ _1\"></span> tecnol<span class=\"_ _1c\"></span>ogica<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>esso<span class=\"_ _1\"></span> e com<span class=\"_ _1c\"></span>unque <span class=\"_ _1\"></span>non ol<span class=\"_ _1c\"></span>tre un period<span class=\"_ _1c\"></span>o massi<span class=\"_ _1\"></span>mo di<span class=\"_ _1\"></span> 5 anni<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsc6\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali rappr<span class=\"_ _0\"></span>esentate (i) dalla valo<span class=\"_ _0\"></span>rizzazione, in<span class=\"_ _0\"></span> occasione di oper<span class=\"_ _0\"></span>azioni di </span></span>aggregazione,<span class=\"_ _0\"></span> di relazioni con la c<span class=\"_ _0\"></span>lientela o ma<span class=\"_ _0\"></span>ndati di gestione san<span class=\"_ _0\"></span>citi dai contr<span class=\"_ _0\"></span>atti di acquisizione sotto<span class=\"_ _0\"></span>scritti, (ii) dal rapporto contrattu<span class=\"_ _0\"></span>ale acquisito. Tali <span class=\"lsf wse2\">attivi<span class=\"_ _1c\"></span>t\u00e0, a vi<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>nita, </span>sono originariamente<span class=\"_ _0\"></span> valorizzate al fair value attraver<span class=\"_ _0\"></span>so l\u2019attualizzazione,<span class=\"_ _0\"></span> con l\u2019utilizzo di un tasso r<span class=\"_ _0\"></span>appresentativo del valore<span class=\"_ _0\"></span> temporale del denaro<span class=\"_ _0\"></span> e dei rischi s<span class=\"_ _0\"></span>pecifici dell\u2019att<span class=\"_ _0\"></span>ivit\u00e0, dei flussi r<span class=\"_ _0\"></span>appresentativi del margin<span class=\"_ _0\"></span>e <span class=\"ls30 wsb2\">com<span class=\"_ _1\"></span>missio<span class=\"_ _1\"></span>nale <span class=\"_ _1\"></span>netto l<span class=\"_ _1c\"></span>ungo un p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o espri<span class=\"_ _1c\"></span>mente la<span class=\"_ _1c\"></span> </span>dura<span class=\"_ _1\"></span>ta resi<span class=\"_ _1\"></span>dua, c<span class=\"_ _1c\"></span>ontratt<span class=\"_ _1\"></span>uale o s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>ta, d<span class=\"_ _1\"></span>ei rapp<span class=\"_ _1\"></span>orti in <span class=\"_ _1\"></span>esser<span class=\"_ _1\"></span>e al m<span class=\"_ _1\"></span>omen<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019opera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di<span class=\"_ _1\"></span> aggregazione/<span class=\"_ _0\"></span>acquisizione. Esse sono ammortizzat<span class=\"_ _0\"></span>e lungo il periodo di afflusso dei benefic<span class=\"_ _0\"></span>i econom<span class=\"_ _0\"></span>ici attes<span class=\"_ _0\"></span>i;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws10a\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali legat<span class=\"_ _0\"></span>e alla valorizzaz<span class=\"_ _0\"></span>ione dei marchi iscritti anche<span class=\"_ _0\"></span> in occasione di </span></span>operazion<span class=\"_ _0\"></span>i di aggrega<span class=\"_ _0\"></span>zioni aziendali;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsaf\">infine,<span class=\"_ _0\"></span> tra le attivit\u00e0 immateriali \u00e8 inc<span class=\"_ _0\"></span>luso l\u2019avviamento. L\u2019avviamento pu\u00f2 essere iscr<span class=\"_ _0\"></span>itto, </span></span>nell\u2019<span class=\"_ _0\"></span>ambito di operazioni di aggregazione aziendale, quando la differenza positiv<span class=\"_ _0\"></span>a fra il corrispett<span class=\"_ _0\"></span>ivo trasferito e l\u2019eventu<span class=\"_ _0\"></span>ale rilevazione al fair<span class=\"_ _0\"></span> value della quota di minoranza ed il fair value de<span class=\"_ _0\"></span>gli elementi patrimoniali acqu<span class=\"_ _0\"></span>isiti \u00e8 rappresentativo delle capac<span class=\"_ _0\"></span>it\u00e0 reddituali future de<span class=\"_ _0\"></span>lla partecipazione<span class=\"_ _0\"></span>/attivi tras<span class=\"_ _0\"></span>feriti (goodwill). Q<span class=\"_ _0\"></span>ualora tale differ<span class=\"_ _0\"></span>enza risulti ne<span class=\"_ _0\"></span>gativa (badwill) o nell\u2019ipote<span class=\"_ _0\"></span>si in cui il go<span class=\"_ _1\"></span>odwill non trovi giustific<span class=\"_ _0\"></span>azione nelle capacit\u00e0 reddituali<span class=\"ff2 ls1 ws1\"> </span>futu<span class=\"_ _1\"></span>re d<span class=\"_ _1\"></span>ella p<span class=\"_ _1\"></span>arte<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>ta, l<span class=\"_ _1\"></span>a dif<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nza s<span class=\"_ _1\"></span>tessa<span class=\"_ _1\"></span> vie<span class=\"_ _1c\"></span>ne iscri<span class=\"_ _1\"></span>tta d<span class=\"_ _1\"></span>iret<span class=\"_ _1\"></span>tame<span class=\"_ _1\"></span>nte a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to eco<span class=\"_ _1c\"></span>nomico<span class=\"_ _1\"></span>. Con periodicit\u00e0 annu<span class=\"_ _0\"></span>ale (o ogni volta che vi sia eviden<span class=\"_ _0\"></span>za di perdita di valore) viene e<span class=\"_ _0\"></span>ffettuato un tes<span class=\"_ _1\"></span>t di v<span class=\"_ _1\"></span>erifica<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>\u2019adeg<span class=\"_ _1\"></span>uatezza<span class=\"_ _1c\"></span> del val<span class=\"_ _1\"></span>ore del<span class=\"_ _1\"></span>l\u2019avvi<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o. <span class=\"ls0 ws99\">A tal fine viene identificata </span>l\u2019Unit\u00e0 gener<span class=\"_ _0\"></span>atrice di flussi finanz<span class=\"_ _0\"></span>iari cui attribuire<span class=\"_ _0\"></span> l\u2019avviamento. L\u2019ammontare<span class=\"_ _0\"></span> dell\u2019eventuale riduzione di valore<span class=\"_ _0\"></span> \u00e8 determinato sulla base della differen<span class=\"_ _0\"></span>za tra il valore di iscrizione dell\u2019a<span class=\"_ _1\"></span>vviam<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>ed il s<span class=\"_ _1\"></span>uo val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>i recup<span class=\"_ _1c\"></span>ero, se i<span class=\"_ _1\"></span>nferio<span class=\"_ _1\"></span>re. De<span class=\"_ _1\"></span>tto va<span class=\"_ _1\"></span>lore d<span class=\"_ _1\"></span>i recup<span class=\"_ _1c\"></span>ero \u00e8 pari<span class=\"_ _1\"></span> al<span class=\"_ _1\"></span> maggiore tra il fair value dell\u2019Unit\u00e0 generatrice di flussi finanziari, al netto degli eventu<span class=\"_ _0\"></span>ali costi di vendit<span class=\"_ _0\"></span>a, ed il relativo valore d\u2019us<span class=\"_ _0\"></span>o. <span class=\"lsf ws92\">Le c<span class=\"_ _1\"></span>onse<span class=\"_ _1\"></span>guenti<span class=\"_ _1\"></span> ret<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>he di<span class=\"_ _1\"></span> valo<span class=\"_ _1\"></span>re veng<span class=\"_ _1c\"></span>ono ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>te a </span>cont<span class=\"_ _1\"></span>o econo<span class=\"_ _1\"></span>mico.<span class=\"_ _4ac\"> </span>Criteri di cancellazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Un'attivit<span class=\"_ _0\"></span>\u00e0 immateriale \u00e8 e<span class=\"_ _0\"></span>liminata dallo stato<span class=\"_ _0\"></span> patrimoniale al momen<span class=\"_ _0\"></span>to della <span class=\"wsb9\">dismission<span class=\"_ _0\"></span>e o </span>qualora non siano pi\u00f9<span class=\"_ _0\"></span> attesi benefici economici futuri.<span class=\"_ _4ac\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-690": {
   "value": "Attivi<span class=\"_ _0\"></span>t\u00e0 immate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le attiv<span class=\"_ _0\"></span>it\u00e0 immateriali sono is<span class=\"_ _0\"></span>critte come tali se s<span class=\"_ _0\"></span>ono identificabili e<span class=\"_ _0\"></span> trovano origine<span class=\"_ _0\"></span> in diritti legali o con<span class=\"_ _0\"></span>trattuali. Tra le at<span class=\"_ _0\"></span>tivit\u00e0 immateriali \u00e8<span class=\"_ _0\"></span> anche is<span class=\"_ _0\"></span>critto l\u2019avviamento<span class=\"_ _0\"></span> che rappresenta la differenz<span class=\"_ _0\"></span>a positiva tra il costo<span class=\"_ _0\"></span> di acquisto ed il fair value<span class=\"_ _0\"></span> delle attivit\u00e0 e pass<span class=\"_ _0\"></span>ivit\u00e0 acquisite in ambito di o<span class=\"_ _0\"></span>perazioni di aggr<span class=\"_ _0\"></span>egazione azien<span class=\"_ _0\"></span>dale.<span class=\"ls1 ws1\"> </span>Criteri di iscrizione e v<span class=\"_ _1\"></span>alutazione<span class=\"_ _4ac\"> </span>Le attiv<span class=\"_ _0\"></span>it\u00e0 immateriali sono is<span class=\"_ _0\"></span>critte al costo,<span class=\"_ _0\"></span> rettificato per<span class=\"_ _0\"></span> eventuali oneri ac<span class=\"_ _0\"></span>cessori solo se<span class=\"_ _0\"></span> \u00e8 probabile che i futuri benef<span class=\"_ _0\"></span>ici economici attribuibili all\u2019attivit<span class=\"_ _0\"></span>\u00e0 si r<span class=\"_ _1\"></span>ealizzino<span class=\"_ _0\"></span> e se il costo dell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 stessa pu\u00f2 essere<span class=\"_ _0\"></span> attendibilmente determinato.<span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls30 wsc2\">In cas<span class=\"_ _1\"></span>o cont<span class=\"_ _1\"></span>rario i<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> </span></span>immateriale<span class=\"_ _0\"></span> \u00e8 rile<span class=\"_ _0\"></span>vato a conto e<span class=\"_ _0\"></span>conomico ne<span class=\"_ _0\"></span>ll\u2019esercizio <span class=\"_ _0\"></span>in cui \u00e8 <span class=\"_ _0\"></span>stato sost<span class=\"_ _0\"></span>enuto.<span class=\"ls1 ws1\"> </span>Per<span class=\"_ _1\"></span> le at<span class=\"_ _1c\"></span>tivit\u00e0 <span class=\"_ _1\"></span>a vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile d<span class=\"_ _1c\"></span>efinita<span class=\"_ _1\"></span>, il<span class=\"_ _1\"></span> cos<span class=\"_ _1\"></span>to \u00e8<span class=\"_ _1\"></span> amm<span class=\"_ _1\"></span>ortiz<span class=\"_ _1\"></span>zato<span class=\"_ _1\"></span> in q<span class=\"_ _1\"></span>uo<span class=\"_ _1\"></span>te cos<span class=\"_ _1c\"></span>tanti o<span class=\"_ _1c\"></span> in quo<span class=\"_ _1c\"></span>te decrescent<span class=\"_ _0\"></span>i determinate in funzione dell\u2019afflusso<span class=\"_ _0\"></span> dei benefici economici attes<span class=\"_ _0\"></span>i dall\u2019attivit\u00e0. Le<span class=\"_ _4ac\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span> vita<span class=\"_ _1\"></span> uti<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>ndefi<span class=\"_ _1c\"></span>nita no<span class=\"_ _1c\"></span>n sono i<span class=\"_ _1\"></span>nvec<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>ggett<span class=\"_ _1\"></span>e ad a<span class=\"_ _1c\"></span>mmorta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>atic<span class=\"_ _1\"></span>o, b<span class=\"_ _1\"></span>ens\u00ec a<span class=\"_ _1\"></span>d un test perio<span class=\"_ _0\"></span>dico di verifica dell\u2019adeguatez<span class=\"_ _0\"></span>za del relativo valore di iscrizione<span class=\"_ _0\"></span> in bilancio.<span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, <span class=\"_ _1c\"></span>nel caso <span class=\"_ _1\"></span>di sof<span class=\"_ _1\"></span>twa<span class=\"_ _1\"></span>re gen<span class=\"_ _1\"></span>erati i<span class=\"_ _1c\"></span>ntername<span class=\"_ _1c\"></span>nte i cos<span class=\"_ _1\"></span>ti sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r lo sv<span class=\"_ _1\"></span>ilup<span class=\"_ _1\"></span>po del<span class=\"_ _1c\"></span> progetto<span class=\"_ _0\"></span> sono iscritti fra le attivit<span class=\"_ _0\"></span>\u00e0 immateriali a condizione<span class=\"_ _0\"></span> che siano dimostrati i se<span class=\"_ _0\"></span>guenti elementi:<span class=\"_ _0\"></span> la fattibilit\u00e0 tecn<span class=\"_ _0\"></span>ica, l\u2019intenzione del com<span class=\"_ _0\"></span>pletamento, l\u2019utilit\u00e0 fu<span class=\"_ _0\"></span>tura, la dispon<span class=\"_ _0\"></span>ibilit\u00e0 di risorse fin<span class=\"_ _0\"></span>anziarie e tecniche su<span class=\"_ _0\"></span>fficienti e la capacit<span class=\"_ _0\"></span>\u00e0 di determinare in<span class=\"_ _0\"></span> modo attendibile i cost<span class=\"_ _0\"></span>i del p<span class=\"_ _1\"></span>roget<span class=\"_ _1\"></span>to.<span class=\"ls1 ws1\"> </span>Se es<span class=\"_ _0\"></span>iste qualche<span class=\"_ _0\"></span> indicazione<span class=\"_ _0\"></span> che dimostri che<span class=\"_ _0\"></span> un\u2019atti<span class=\"_ _0\"></span>vit\u00e0 possa a<span class=\"_ _0\"></span>vere sub\u00ecto<span class=\"_ _0\"></span> una perdita<span class=\"_ _0\"></span> di valore,<span class=\"_ _0\"></span> si procede alla stim<span class=\"_ _0\"></span>a del valore di recupero<span class=\"_ _0\"></span> dell'attivit\u00e0. L\u2019<span class=\"_ _0\"></span>ammontare della perdita, rilev<span class=\"_ _1\"></span>ato a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omic<span class=\"_ _1\"></span>o, \u00e8 pari<span class=\"_ _1\"></span> alla<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erenza t<span class=\"_ _1\"></span>ra il v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> con<span class=\"ls0 ws76\">tabile dell\u2019attivit\u00e0 ed il valo<span class=\"_ _0\"></span>re </span>recu<span class=\"_ _0\"></span>pera<span class=\"_ _0\"></span>bile.<span class=\"ls1 ws1\"> </span>In partico<span class=\"_ _0\"></span>lare, tra le attivit\u00e0 immateriali s<span class=\"_ _0\"></span>ono incluse:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsaf\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali basate sulla tecnolo<span class=\"_ _0\"></span>gia, quali il software applicativo, ammort<span class=\"_ _0\"></span>izzato in </span></span>funz<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ta ob<span class=\"_ _1\"></span>soles<span class=\"_ _1c\"></span>cenza<span class=\"_ _1\"></span> tecnol<span class=\"_ _1c\"></span>ogica<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>esso<span class=\"_ _1\"></span> e com<span class=\"_ _1c\"></span>unque <span class=\"_ _1\"></span>non ol<span class=\"_ _1c\"></span>tre un period<span class=\"_ _1c\"></span>o massi<span class=\"_ _1\"></span>mo di<span class=\"_ _1\"></span> 5 anni<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsc6\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali rappr<span class=\"_ _0\"></span>esentate (i) dalla valo<span class=\"_ _0\"></span>rizzazione, in<span class=\"_ _0\"></span> occasione di oper<span class=\"_ _0\"></span>azioni di </span></span>aggregazione,<span class=\"_ _0\"></span> di relazioni con la c<span class=\"_ _0\"></span>lientela o ma<span class=\"_ _0\"></span>ndati di gestione san<span class=\"_ _0\"></span>citi dai contr<span class=\"_ _0\"></span>atti di acquisizione sotto<span class=\"_ _0\"></span>scritti, (ii) dal rapporto contrattu<span class=\"_ _0\"></span>ale acquisito. Tali <span class=\"lsf wse2\">attivi<span class=\"_ _1c\"></span>t\u00e0, a vi<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>nita, </span>sono originariamente<span class=\"_ _0\"></span> valorizzate al fair value attraver<span class=\"_ _0\"></span>so l\u2019attualizzazione,<span class=\"_ _0\"></span> con l\u2019utilizzo di un tasso r<span class=\"_ _0\"></span>appresentativo del valore<span class=\"_ _0\"></span> temporale del denaro<span class=\"_ _0\"></span> e dei rischi s<span class=\"_ _0\"></span>pecifici dell\u2019att<span class=\"_ _0\"></span>ivit\u00e0, dei flussi r<span class=\"_ _0\"></span>appresentativi del margin<span class=\"_ _0\"></span>e <span class=\"ls30 wsb2\">com<span class=\"_ _1\"></span>missio<span class=\"_ _1\"></span>nale <span class=\"_ _1\"></span>netto l<span class=\"_ _1c\"></span>ungo un p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o espri<span class=\"_ _1c\"></span>mente la<span class=\"_ _1c\"></span> </span>dura<span class=\"_ _1\"></span>ta resi<span class=\"_ _1\"></span>dua, c<span class=\"_ _1c\"></span>ontratt<span class=\"_ _1\"></span>uale o s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>ta, d<span class=\"_ _1\"></span>ei rapp<span class=\"_ _1\"></span>orti in <span class=\"_ _1\"></span>esser<span class=\"_ _1\"></span>e al m<span class=\"_ _1\"></span>omen<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019opera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di<span class=\"_ _1\"></span> aggregazione/<span class=\"_ _0\"></span>acquisizione. Esse sono ammortizzat<span class=\"_ _0\"></span>e lungo il periodo di afflusso dei benefic<span class=\"_ _0\"></span>i econom<span class=\"_ _0\"></span>ici attes<span class=\"_ _0\"></span>i;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws10a\">att<span class=\"_ _0\"></span>ivit\u00e0 immateriali legat<span class=\"_ _0\"></span>e alla valorizzaz<span class=\"_ _0\"></span>ione dei marchi iscritti anche<span class=\"_ _0\"></span> in occasione di </span></span>operazion<span class=\"_ _0\"></span>i di aggrega<span class=\"_ _0\"></span>zioni aziendali;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 wsaf\">infine,<span class=\"_ _0\"></span> tra le attivit\u00e0 immateriali \u00e8 inc<span class=\"_ _0\"></span>luso l\u2019avviamento. L\u2019avviamento pu\u00f2 essere iscr<span class=\"_ _0\"></span>itto, </span></span>nell\u2019<span class=\"_ _0\"></span>ambito di operazioni di aggregazione aziendale, quando la differenza positiv<span class=\"_ _0\"></span>a fra il corrispett<span class=\"_ _0\"></span>ivo trasferito e l\u2019eventu<span class=\"_ _0\"></span>ale rilevazione al fair<span class=\"_ _0\"></span> value della quota di minoranza ed il fair value de<span class=\"_ _0\"></span>gli elementi patrimoniali acqu<span class=\"_ _0\"></span>isiti \u00e8 rappresentativo delle capac<span class=\"_ _0\"></span>it\u00e0 reddituali future de<span class=\"_ _0\"></span>lla partecipazione<span class=\"_ _0\"></span>/attivi tras<span class=\"_ _0\"></span>feriti (goodwill). Q<span class=\"_ _0\"></span>ualora tale differ<span class=\"_ _0\"></span>enza risulti ne<span class=\"_ _0\"></span>gativa (badwill) o nell\u2019ipote<span class=\"_ _0\"></span>si in cui il go<span class=\"_ _1\"></span>odwill non trovi giustific<span class=\"_ _0\"></span>azione nelle capacit\u00e0 reddituali<span class=\"ff2 ls1 ws1\"> </span>futu<span class=\"_ _1\"></span>re d<span class=\"_ _1\"></span>ella p<span class=\"_ _1\"></span>arte<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>ta, l<span class=\"_ _1\"></span>a dif<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nza s<span class=\"_ _1\"></span>tessa<span class=\"_ _1\"></span> vie<span class=\"_ _1c\"></span>ne iscri<span class=\"_ _1\"></span>tta d<span class=\"_ _1\"></span>iret<span class=\"_ _1\"></span>tame<span class=\"_ _1\"></span>nte a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to eco<span class=\"_ _1c\"></span>nomico<span class=\"_ _1\"></span>. Con periodicit\u00e0 annu<span class=\"_ _0\"></span>ale (o ogni volta che vi sia eviden<span class=\"_ _0\"></span>za di perdita di valore) viene e<span class=\"_ _0\"></span>ffettuato un tes<span class=\"_ _1\"></span>t di v<span class=\"_ _1\"></span>erifica<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>\u2019adeg<span class=\"_ _1\"></span>uatezza<span class=\"_ _1c\"></span> del val<span class=\"_ _1\"></span>ore del<span class=\"_ _1\"></span>l\u2019avvi<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o. <span class=\"ls0 ws99\">A tal fine viene identificata </span>l\u2019Unit\u00e0 gener<span class=\"_ _0\"></span>atrice di flussi finanz<span class=\"_ _0\"></span>iari cui attribuire<span class=\"_ _0\"></span> l\u2019avviamento. L\u2019ammontare<span class=\"_ _0\"></span> dell\u2019eventuale riduzione di valore<span class=\"_ _0\"></span> \u00e8 determinato sulla base della differen<span class=\"_ _0\"></span>za tra il valore di iscrizione dell\u2019a<span class=\"_ _1\"></span>vviam<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>ed il s<span class=\"_ _1\"></span>uo val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>i recup<span class=\"_ _1c\"></span>ero, se i<span class=\"_ _1\"></span>nferio<span class=\"_ _1\"></span>re. De<span class=\"_ _1\"></span>tto va<span class=\"_ _1\"></span>lore d<span class=\"_ _1\"></span>i recup<span class=\"_ _1c\"></span>ero \u00e8 pari<span class=\"_ _1\"></span> al<span class=\"_ _1\"></span> maggiore tra il fair value dell\u2019Unit\u00e0 generatrice di flussi finanziari, al netto degli eventu<span class=\"_ _0\"></span>ali costi di vendit<span class=\"_ _0\"></span>a, ed il relativo valore d\u2019us<span class=\"_ _0\"></span>o. <span class=\"lsf ws92\">Le c<span class=\"_ _1\"></span>onse<span class=\"_ _1\"></span>guenti<span class=\"_ _1\"></span> ret<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>he di<span class=\"_ _1\"></span> valo<span class=\"_ _1\"></span>re veng<span class=\"_ _1c\"></span>ono ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>te a </span>cont<span class=\"_ _1\"></span>o econo<span class=\"_ _1\"></span>mico.<span class=\"_ _4ac\"> </span>Criteri di cancellazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Un'attivit<span class=\"_ _0\"></span>\u00e0 immateriale \u00e8 e<span class=\"_ _0\"></span>liminata dallo stato<span class=\"_ _0\"></span> patrimoniale al momen<span class=\"_ _0\"></span>to della <span class=\"wsb9\">dismission<span class=\"_ _0\"></span>e o </span>qualora non siano pi\u00f9<span class=\"_ _0\"></span> attesi benefici economici futuri.<span class=\"_ _4ac\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-691": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs2b0\">Altre at<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t\u00e0<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gs2b1\">Le altre attivit<span class=\"_ _0\"></span>\u00e0 accolgono essenzialmente poste non riconducibili ad altre voci dello stato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs2b2\">patrimoniale,<span class=\"_ _0\"></span> tra cui s<span class=\"_ _0\"></span>i ricordano i cre<span class=\"_ _0\"></span>diti derivanti da f<span class=\"_ _0\"></span>orniture di ben<span class=\"_ _0\"></span>i e servizi non<span class=\"_ _0\"></span> finanziari, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs2b3\">le partite fis<span class=\"_ _0\"></span>cali diverse da quelle rilevate a<span class=\"_ _0\"></span> voce propria <span class=\"ws0\">(ad esempio, connesse<span class=\"_ _0\"></span> con l\u2019att<span class=\"_ _0\"></span>ivit\u00e0 di </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2b4\">sostituto<span class=\"_ _0\"></span> di imposta), i ratei e risconti att<span class=\"_ _0\"></span>ivi.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs2b5\">In partico<span class=\"_ _0\"></span>lare, nella voce risconti attivi sono rile<span class=\"_ _0\"></span>vate le commissioni una tantum pagate ai </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs2b6\">collocator<span class=\"_ _0\"></span>i, in particolare tali riscont<span class=\"_ _0\"></span>i si riferiscono a cost<span class=\"_ _0\"></span>i per il collocamento dei prodotti che </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs2b7\">sono <span class=\"_ _1\"></span>tratta<span class=\"_ _1c\"></span>ti come c<span class=\"_ _1\"></span>osti<span class=\"_ _1\"></span> per l<span class=\"_ _1\"></span>\u2019otte<span class=\"_ _1\"></span>nime<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>trat<span class=\"_ _1\"></span>to, ai <span class=\"ls1d ws85\">sensi del<span class=\"_ _0\"></span>l\u2019IFRS<span class=\"_ _0\"></span> 15, e per<span class=\"_ _0\"></span>tanto r<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>vati </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws9b gs2b8\">come<span class=\"_ _1\"></span> attiv<span class=\"_ _1\"></span>it\u00e0 e<span class=\"_ _1\"></span> rivers<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span> a con<span class=\"_ _1\"></span>to ec<span class=\"_ _1c\"></span>onomico <span class=\"_ _1\"></span>nel p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o nel<span class=\"_ _1\"></span> qual<span class=\"_ _1\"></span>e sara<span class=\"_ _1c\"></span>nno rico<span class=\"_ _1c\"></span>nosciuti i<span class=\"_ _1\"></span> rica<span class=\"_ _1\"></span>vi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs2b9\">correlat<span class=\"_ _0\"></span>i alle masse sottostanti. Alla fine di ogni esercizio \u00e8 effettuato il test per ver<span class=\"_ _0\"></span>ificare la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2ba\">recupera<span class=\"_ _0\"></span>bilit\u00e0 del valore iscritto nell\u2019<span class=\"_ _0\"></span>attivo. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc1 gs2bb\">Le altre attivit<span class=\"_ _0\"></span>\u00e0 comprendono inoltre le migliorie e le spese incrementative sostenute su </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs2bc\">immobili di ter<span class=\"_ _0\"></span>zi, capitalizzate cons<span class=\"_ _0\"></span>iderando che per la durat<span class=\"_ _0\"></span>a del contratto di affitto la so<span class=\"_ _0\"></span>ciet\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs2bd\">utilizzatr<span class=\"_ _0\"></span>ice ha il controllo<span class=\"_ _0\"></span> dei beni e pu\u00f2 tr<span class=\"_ _0\"></span>arre benefici e<span class=\"_ _0\"></span>conomici futuri. I suddetti c<span class=\"_ _0\"></span>osti sono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs2be\">classifica<span class=\"_ _0\"></span>ti tra le altre attivit\u00e0 in ottemperanza alle Istruzion<span class=\"_ _0\"></span>i di redazione di Banca d\u2019Italia e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs2bf\">vengono ammort<span class=\"_ _0\"></span>izzate secondo il periodo pi\u00f9 breve tr<span class=\"_ _0\"></span>a quello in cui le migliorie e le<span class=\"_ _0\"></span> spese </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs2c0\">poss<span class=\"_ _1\"></span>ono esser<span class=\"_ _1\"></span>e utili<span class=\"_ _1\"></span>zzate e q<span class=\"ls35 ws5c\">uello di dur<span class=\"_ _0\"></span>ata residua<span class=\"_ _0\"></span> del contr<span class=\"_ _0\"></span>atto di aff<span class=\"_ _0\"></span>itto.<span class=\"ls1 ws1\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-616": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs2c2\">Passi<span class=\"_ _0\"></span>vit\u00e0 f<span class=\"_ _0\"></span>inanzi<span class=\"_ _0\"></span>arie valu<span class=\"_ _0\"></span>tate al cos<span class=\"_ _0\"></span>to ammo<span class=\"_ _0\"></span>rtizzato<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs2c3\">Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gs2c4\">Le \u201cPassivit\u00e0<span class=\"_ _0\"></span> finanziarie valutate al costo ammortizz<span class=\"_ _0\"></span>ato\u201d includono le passivit\u00e0 finanz<span class=\"_ _0\"></span>iarie </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws11a gs2c5\">deriv<span class=\"_ _1\"></span>anti<span class=\"_ _1\"></span> dai ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>orti i<span class=\"_ _1c\"></span>ntratt<span class=\"_ _1\"></span>enuti<span class=\"_ _1\"></span> con l<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>ti di v<span class=\"_ _1\"></span>endi<span class=\"_ _1\"></span>ta, i <span class=\"ls0 ws8b\">finanziamenti erogati a favore della </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs2c6\">Capogruppo<span class=\"_ _0\"></span> a medio lungo termine<span class=\"_ _0\"></span> e i titoli obbligazion<span class=\"_ _0\"></span>ari emessi da<span class=\"_ _0\"></span>lla Capogruppo.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2c7\">Sono inoltre inclu<span class=\"_ _0\"></span>si i debiti iscritti dal Gruppo<span class=\"_ _0\"></span> in qualit\u00e0 di locatario nell\u2019a<span class=\"_ _0\"></span>mbito di operazion<span class=\"_ _0\"></span>i di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs2c8\">leasing.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs2c9\">Criteri di iscrizione<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws64 gs2ca\">La prima iscrizione \u00e8 effettuata sulla base de<span class=\"_ _1\"></span>l fair value delle passivit\u00e0, normalmente pari </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gs2cb\">all\u2019a<span class=\"_ _0\"></span>mmonta<span class=\"_ _0\"></span>re inca<span class=\"_ _0\"></span>ssato o al<span class=\"_ _0\"></span> prezzo di<span class=\"_ _0\"></span> emiss<span class=\"_ _0\"></span>ione.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs2cc\">Criteri di valutazione<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs2cd\">Dopo la r<span class=\"_ _0\"></span>ilevazione iniziale,<span class=\"_ _0\"></span> le passivit\u00e0 fin<span class=\"_ _0\"></span>anziarie ven<span class=\"_ _0\"></span>gono valutate al c<span class=\"_ _0\"></span>osto <span class=\"ls31 ws6f\">ammort<span class=\"_ _0\"></span>izzato<span class=\"_ _0\"></span> col </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs2ce\">metod<span class=\"_ _1\"></span>o del ta<span class=\"_ _1c\"></span>sso di in<span class=\"_ _1\"></span>teress<span class=\"_ _1\"></span>e effe<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>tiv<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs2cf\">Fann<span class=\"_ _1\"></span>o ecc<span class=\"_ _1\"></span>ezion<span class=\"_ _1\"></span>e le p<span class=\"_ _1\"></span>assi<span class=\"_ _1\"></span>vit\u00e0 a b<span class=\"_ _1c\"></span>reve t<span class=\"_ _1\"></span>ermin<span class=\"_ _1\"></span>e (inf<span class=\"_ _1\"></span>erio<span class=\"_ _1\"></span>ri a 1<span class=\"_ _1\"></span>2 mes<span class=\"_ _1\"></span>i), c<span class=\"_ _1\"></span>he rima<span class=\"_ _1c\"></span>ngono i<span class=\"_ _1\"></span>scrit<span class=\"_ _1\"></span>te al f<span class=\"_ _1\"></span>air<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2d0\">value e per le qua<span class=\"_ _0\"></span>li il fattore temporale risulta trascurabile<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs2d1\">Criteri di cancellazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs2d2\">Le passivit\u00e0 finanz<span class=\"_ _0\"></span>iarie sono cancellate dal bilancio quando risultano scadute o estinte. La </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs2d3\">cancellazione a<span class=\"_ _0\"></span>vviene anche in prese<span class=\"_ _0\"></span>nza di riacquisto di t<span class=\"_ _0\"></span>itoli obbligazion<span class=\"_ _0\"></span>ari precedentemente </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls19 ws89 gs2d4\">emessi.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-17": {
   "value": "Passi<span class=\"_ _0\"></span>vit\u00e0 f<span class=\"_ _0\"></span>inanzi<span class=\"_ _0\"></span>arie valu<span class=\"_ _0\"></span>tate al cos<span class=\"_ _0\"></span>to ammo<span class=\"_ _0\"></span>rtizzato<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Criteri di classificazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le \u201cPassivit\u00e0<span class=\"_ _0\"></span> finanziarie valutate al costo ammortizz<span class=\"_ _0\"></span>ato\u201d includono le passivit\u00e0 finanz<span class=\"_ _0\"></span>iarie deriv<span class=\"_ _1\"></span>anti<span class=\"_ _1\"></span> dai ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>orti i<span class=\"_ _1c\"></span>ntratt<span class=\"_ _1\"></span>enuti<span class=\"_ _1\"></span> con l<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>ti di v<span class=\"_ _1\"></span>endi<span class=\"_ _1\"></span>ta, i <span class=\"ls0 ws8b\">finanziamenti erogati a favore della </span>Capogruppo<span class=\"_ _0\"></span> a medio lungo termine<span class=\"_ _0\"></span> e i titoli obbligazion<span class=\"_ _0\"></span>ari emessi da<span class=\"_ _0\"></span>lla Capogruppo.<span class=\"ls1 ws1\"> </span>Sono inoltre inclu<span class=\"_ _0\"></span>si i debiti iscritti dal Gruppo<span class=\"_ _0\"></span> in qualit\u00e0 di locatario nell\u2019a<span class=\"_ _0\"></span>mbito di operazion<span class=\"_ _0\"></span>i di leasing.<span class=\"ls1 ws1\"> </span>Criteri di iscrizione<span class=\"ls1 ws1\"> </span>La prima iscrizione \u00e8 effettuata sulla base de<span class=\"_ _1\"></span>l fair value delle passivit\u00e0, normalmente pari all\u2019a<span class=\"_ _0\"></span>mmonta<span class=\"_ _0\"></span>re inca<span class=\"_ _0\"></span>ssato o al<span class=\"_ _0\"></span> prezzo di<span class=\"_ _0\"></span> emiss<span class=\"_ _0\"></span>ione.<span class=\"ls1 ws1\"> </span>Criteri di valutazione<span class=\"ls1 ws1\"> </span>Dopo la r<span class=\"_ _0\"></span>ilevazione iniziale,<span class=\"_ _0\"></span> le passivit\u00e0 fin<span class=\"_ _0\"></span>anziarie ven<span class=\"_ _0\"></span>gono valutate al c<span class=\"_ _0\"></span>osto <span class=\"ls31 ws6f\">ammort<span class=\"_ _0\"></span>izzato<span class=\"_ _0\"></span> col </span>metod<span class=\"_ _1\"></span>o del ta<span class=\"_ _1c\"></span>sso di in<span class=\"_ _1\"></span>teress<span class=\"_ _1\"></span>e effe<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>tiv<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span>Fann<span class=\"_ _1\"></span>o ecc<span class=\"_ _1\"></span>ezion<span class=\"_ _1\"></span>e le p<span class=\"_ _1\"></span>assi<span class=\"_ _1\"></span>vit\u00e0 a b<span class=\"_ _1c\"></span>reve t<span class=\"_ _1\"></span>ermin<span class=\"_ _1\"></span>e (inf<span class=\"_ _1\"></span>erio<span class=\"_ _1\"></span>ri a 1<span class=\"_ _1\"></span>2 mes<span class=\"_ _1\"></span>i), c<span class=\"_ _1\"></span>he rima<span class=\"_ _1c\"></span>ngono i<span class=\"_ _1\"></span>scrit<span class=\"_ _1\"></span>te al f<span class=\"_ _1\"></span>air<span class=\"_ _1c\"></span> value e per le qua<span class=\"_ _0\"></span>li il fattore temporale risulta trascurabile<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span>Criteri di cancellazione<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le passivit\u00e0 finanz<span class=\"_ _0\"></span>iarie sono cancellate dal bilancio quando risultano scadute o estinte. La cancellazione a<span class=\"_ _0\"></span>vviene anche in prese<span class=\"_ _0\"></span>nza di riacquisto di t<span class=\"_ _0\"></span>itoli obbligazion<span class=\"_ _0\"></span>ari precedentemente emessi.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-617": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs2d6\">Fis<span class=\"_ _0\"></span>calit\u00e0 corre<span class=\"_ _0\"></span>nte e d<span class=\"_ _0\"></span>iffe<span class=\"_ _0\"></span>rita<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws18a gs2d7\">Le imposte sul reddit<span class=\"_ _0\"></span>o, calcolate ne<span class=\"_ _0\"></span>l rispetto delle legislazioni fis<span class=\"_ _0\"></span>cali naziona<span class=\"_ _0\"></span>li, sono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws2b gs2d8\">contab<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>zate c<span class=\"_ _1\"></span>ome <span class=\"_ _1\"></span>costo i<span class=\"_ _1c\"></span>n base al <span class=\"_ _1\"></span>crite<span class=\"_ _1\"></span>rio d<span class=\"_ _1\"></span>ella co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza <span class=\"_ _1\"></span>econo<span class=\"_ _1\"></span>mica, c<span class=\"_ _1\"></span>oeren<span class=\"_ _1\"></span>teme<span class=\"_ _1\"></span>nte con<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs2da\">le mo<span class=\"_ _0\"></span>dalit\u00e0 di rilevazione in<span class=\"_ _0\"></span> bilancio dei co<span class=\"_ _0\"></span>sti e ricavi che<span class=\"_ _0\"></span> le hanno gen<span class=\"ls1c ws147\">erate. Es<span class=\"_ _1\"></span>se rapp<span class=\"_ _1\"></span>resen<span class=\"_ _1\"></span>tano<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2db\">pertanto il saldo<span class=\"_ _0\"></span> della fiscalit\u00e0 corrente<span class=\"_ _0\"></span> e differita relat<span class=\"_ _0\"></span>iva al reddito dell\u2019esercizio. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs2dc\">Le Attivit<span class=\"_ _0\"></span>\u00e0 e Passivit\u00e0 fiscali c<span class=\"_ _0\"></span>orrenti acco<span class=\"_ _0\"></span>lgono il saldo net<span class=\"_ _0\"></span>to delle posizion<span class=\"_ _0\"></span>i fiscali delle soc<span class=\"_ _0\"></span>iet\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs2dd\">del Gruppo nei confronti dell\u2019<span class=\"_ _0\"></span>Amministrazioni finanz<span class=\"_ _0\"></span>iaria ovvero la differenza tra le pass<span class=\"_ _0\"></span>ivit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs2de\">fiscali co<span class=\"_ _0\"></span>rrenti dell\u2019esercizio<span class=\"_ _0\"></span>, calcolate in<span class=\"_ _0\"></span> base ad un<span class=\"ls30 ws18b\">a previ<span class=\"_ _1\"></span>sion<span class=\"_ _1\"></span>e dell\u2019<span class=\"_ _1\"></span>onere <span class=\"_ _1\"></span>tribu<span class=\"_ _1\"></span>tario d<span class=\"_ _1\"></span>ovu<span class=\"_ _1\"></span>to per<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf3 gs2e0\">l\u2019esercizio<span class=\"_ _0\"></span>, determinato in base<span class=\"_ _0\"></span> alle norme tributarie<span class=\"_ _0\"></span> in vigore, e le att<span class=\"_ _0\"></span>ivit\u00e0 fiscali corren<span class=\"_ _0\"></span>ti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs2e1\">rappres<span class=\"_ _0\"></span>entate dagli ac<span class=\"_ _0\"></span>conti e dagli alt<span class=\"_ _0\"></span>ri crediti d\u2019im<span class=\"_ _0\"></span>posta per ritenu<span class=\"_ _0\"></span>te d\u2019acconto su<span class=\"_ _0\"></span>bite.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws6c gs2e2\">Si ricorda che<span class=\"_ _0\"></span> Anima Holding, Anima SGR e Anima Alternative SGR avevan<span class=\"_ _0\"></span>o aderito al regime di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws6e gs2e3\">tassa<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di g<span class=\"_ _1c\"></span>ruppo e<span class=\"_ _1\"></span>x art. <span class=\"_ _1\"></span>117 e s<span class=\"_ _1\"></span>eg. d<span class=\"_ _1\"></span>el T.U<span class=\"_ _1\"></span>.I.R<span class=\"_ _1\"></span>. (cosid<span class=\"_ _1c\"></span>detto \u201cC<span class=\"_ _1c\"></span>onsol<span class=\"_ _1\"></span>idato f<span class=\"_ _1\"></span>iscal<span class=\"_ _1\"></span>e naz<span class=\"_ _1\"></span>iona<span class=\"_ _1\"></span>le\u201d)<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2e4\">per il triennio 2023<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"ls30 ws96\">202<span class=\"_ _1c\"></span>5, regoland<span class=\"_ _1c\"></span>o <span class=\"_ _0\"></span>i rapp<span class=\"_ _1\"></span>orti con<span class=\"_ _1\"></span> apposi<span class=\"_ _1c\"></span>to cont<span class=\"ls0 ws0\">ratto di Consolidato f<span class=\"_ _0\"></span>iscale.<span class=\"ls1 ws1\"> </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws11e gs2e5\">La fiscalit\u00e0 differita \u00e8 determinata, tenendo c<span class=\"_ _1\"></span>onto dell\u2019effetto fiscale connesso alle differenze </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10a gs2e6\">temporanee tr<span class=\"_ _0\"></span>a il valore contabile delle attivit\u00e0 e passivit<span class=\"_ _0\"></span>\u00e0 ed il loro valore fiscale che </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc1 gs2e7\">determineranno importi im<span class=\"_ _0\"></span>ponibili o deducibili nei futuri perio<span class=\"_ _0\"></span>di.<span class=\"ls1 ws1\">  </span>A<span class=\"_ _1\"></span> tali fin<span class=\"_ _0\"></span>i, si intendono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws191 gs2e8\">\u201cdi<span class=\"_ _1\"></span>fferenz<span class=\"_ _1c\"></span>e tempo<span class=\"_ _1\"></span>ranee <span class=\"_ _1\"></span>tassab<span class=\"_ _1\"></span>ili\u201d<span class=\"_ _1\"></span> quel<span class=\"_ _1\"></span>le ch<span class=\"_ _1\"></span>e nei p<span class=\"_ _1c\"></span>eriodi f<span class=\"_ _1\"></span>uturi d<span class=\"_ _1c\"></span>etermi<span class=\"_ _1\"></span>nera<span class=\"_ _1\"></span>nno imp<span class=\"_ _1\"></span>orti<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs2e9\">imponibili e \u201cdiffe<span class=\"_ _0\"></span>renze temporanee de<span class=\"_ _0\"></span>ducibili\u201d quelle che ne<span class=\"_ _0\"></span>gli esercizi futuri determ<span class=\"_ _0\"></span>ineranno </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2ea\">importi deducibili.<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2eb\">La fiscalit<span class=\"_ _0\"></span>\u00e0 differita non \u00e8 rilevata nel caso in cui derivi dalla rile<span class=\"_ _0\"></span>vazione iniziale dell\u2019avvia<span class=\"_ _0\"></span>mento </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs2ec\">e dalla rile<span class=\"_ _0\"></span>vazione iniziale di un\u2019att<span class=\"_ _0\"></span>ivit\u00e0 o di una passivit<span class=\"_ _0\"></span>\u00e0 in operazioni che non r<span class=\"_ _0\"></span>appresentino </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs2ed\">un\u2019agg<span class=\"_ _1\"></span>regaz<span class=\"_ _1\"></span>ione azi<span class=\"_ _1c\"></span>endale e al<span class=\"_ _1\"></span> mom<span class=\"_ _1\"></span>ento del<span class=\"_ _1\"></span>l\u2019o<span class=\"_ _1\"></span>perazi<span class=\"_ _1\"></span>on<span class=\"ls0 ws15\">e non influenza n\u00e9 l\u2019utile<span class=\"_ _0\"></span> contabile n\u00e9 il </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2ee\">reddito imponibile<span class=\"_ _0\"></span> (perdita fiscale).<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs2ef\">La fiscalit<span class=\"_ _0\"></span>\u00e0 differita \u00e8 calcolata applican<span class=\"_ _0\"></span>do le aliquote fiscali stabilite<span class=\"_ _0\"></span> dalle disposizioni di legge <span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs2f0\">applicabili nei pe<span class=\"_ _0\"></span>riodi di imposta in cui le<span class=\"_ _0\"></span> relative differenz<span class=\"_ _0\"></span>e temporanee diverranno tass<span class=\"_ _0\"></span>abili o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs2f1\">imponibili; l\u2019<span class=\"_ _0\"></span>iscrizione della fiscalit<span class=\"_ _0\"></span>\u00e0 differita pu\u00f2 essere rilevata quando esiste la probabilit\u00e0 di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs2f2\">un ef<span class=\"_ _1\"></span>fettiv<span class=\"_ _1c\"></span>o sost<span class=\"_ _1\"></span>enime<span class=\"_ _1\"></span>nto di<span class=\"_ _1\"></span> imp<span class=\"_ _1\"></span>oste d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>eriod<span class=\"_ _1c\"></span>i di rive<span class=\"_ _1\"></span>rsam<span class=\"_ _1\"></span>ento d<span class=\"_ _1\"></span>i tal<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>iffere<span class=\"_ _1\"></span>nze <span class=\"_ _1\"></span>temp<span class=\"_ _1\"></span>oranee<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs2f3\">e quando esiste una ragionevole certez<span class=\"_ _0\"></span>za che vi siano ammontari imponibili futu<span class=\"_ _0\"></span>ri nei periodi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2f4\">in cui si manifester<span class=\"_ _0\"></span>\u00e0 la relativa deducibilit<span class=\"_ _0\"></span>\u00e0 fiscale correlata a tali differenz<span class=\"_ _0\"></span>e temporali.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs2f5\">Il valore c<span class=\"_ _0\"></span>ontabile delle att<span class=\"_ _0\"></span>ivit\u00e0 fiscali differ<span class=\"_ _0\"></span>ite \u00e8 riv<span class=\"_ _0\"></span>isto a ciascuna data di bilan<span class=\"_ _0\"></span>cio ed \u00e8 r<span class=\"_ _0\"></span>idotto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs2f6\">nella misura in cui non \u00e8 probabile che sia realizzabile un reddito imponibile suf<span class=\"_ _0\"></span>ficiente per </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2f7\">consentire che s<span class=\"_ _0\"></span>ia utilizzato il benefic<span class=\"_ _0\"></span>io in parte o di tutta quell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 fiscale differita.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2f8\">La valutazione delle passivit\u00e0<span class=\"_ _0\"></span> e delle attivit\u00e0 fiscali differite riflette<span class=\"_ _0\"></span> gli effetti fiscali che derivano </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs2f9\">dalle modalit<span class=\"_ _0\"></span>\u00e0 in cui la Societ\u00e0 s<span class=\"_ _0\"></span>i attende, alla data di rife<span class=\"_ _0\"></span>rimento del bilancio, di r<span class=\"_ _0\"></span>ecuperare o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2fa\">estinguere<span class=\"_ _0\"></span> il valore contabile delle sue attivit<span class=\"_ _0\"></span><span class=\"ws15\">\u00e0 e pass<span class=\"_ _0\"></span>ivit\u00e0.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2fb\">Qualora le Attivit<span class=\"_ _0\"></span>\u00e0 e Passivit\u00e0 fiscali differ<span class=\"_ _0\"></span>ite si riferiscano a componenti che hanno intere<span class=\"_ _0\"></span>ssato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs2fc\">il co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1c\"></span>onomico, l<span class=\"_ _1\"></span>a c<span class=\"_ _1\"></span>ontrop<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span>ta \u00e8 ra<span class=\"_ _1\"></span>ppres<span class=\"_ _1c\"></span>entata d<span class=\"_ _1\"></span>alle i<span class=\"_ _1c\"></span>mposte s<span class=\"_ _1\"></span>ul red<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws114 gs2fd\">Nei c<span class=\"_ _1\"></span>asi i<span class=\"_ _1c\"></span>n cui le i<span class=\"_ _1c\"></span>mposte <span class=\"_ _1\"></span>anti<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>te e<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erite<span class=\"_ _1\"></span> rigua<span class=\"_ _1c\"></span>rdino t<span class=\"_ _1\"></span>ransa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni ch<span class=\"_ _1\"></span>e han<span class=\"_ _1\"></span>no i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>essat<span class=\"_ _1c\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs2fe\">direttamente<span class=\"_ _0\"></span> il patrimonio netto<span class=\"_ _0\"></span> senza influenzar<span class=\"_ _0\"></span>e il conto economico<span class=\"_ _0\"></span> (quali le rett<span class=\"_ _0\"></span>ifiche di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs2ff\">prima applicazione degli IFRS,<span class=\"_ _0\"></span> le valutazioni degli strumenti finan<span class=\"ls11 wse1\">ziari rilevati al fair value con<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs300\">impatto su<span class=\"_ _0\"></span>lla redditivit\u00e0 complessiva o<span class=\"_ _0\"></span> dei contratti derivati di copertur<span class=\"_ _0\"></span>a di flussi finanziar<span class=\"_ _0\"></span>i), le </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws6e gs301\">stess<span class=\"_ _1c\"></span>e veng<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>scri<span class=\"_ _1\"></span>tte <span class=\"_ _1\"></span>in co<span class=\"_ _1c\"></span>ntropar<span class=\"_ _1c\"></span>tita al<span class=\"_ _1\"></span> patr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio <span class=\"_ _1\"></span>netto<span class=\"_ _1\"></span>, in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>ssand<span class=\"_ _1\"></span>o le<span class=\"_ _1c\"></span> specif<span class=\"_ _1\"></span>iche<span class=\"_ _1c\"></span> riserv<span class=\"_ _1c\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs302\">quand<span class=\"_ _1c\"></span>o previ<span class=\"_ _1\"></span>sto (<span class=\"_ _1\"></span>es. <span class=\"_ _1\"></span>ris<span class=\"ls11 ws29\">erve da val<span class=\"_ _1\"></span>utaz<span class=\"_ _0\"></span>ione).</span><span class=\"ls11 ws29\"><span class=\"ls1 ws1\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-646": {
   "value": "Fis<span class=\"_ _0\"></span>calit\u00e0 corre<span class=\"_ _0\"></span>nte e d<span class=\"_ _0\"></span>iffe<span class=\"_ _0\"></span>rita<span class=\"ls1 ws1\"> </span>Le imposte sul reddit<span class=\"_ _0\"></span>o, calcolate ne<span class=\"_ _0\"></span>l rispetto delle legislazioni fis<span class=\"_ _0\"></span>cali naziona<span class=\"_ _0\"></span>li, sono contab<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>zate c<span class=\"_ _1\"></span>ome <span class=\"_ _1\"></span>costo i<span class=\"_ _1c\"></span>n base al <span class=\"_ _1\"></span>crite<span class=\"_ _1\"></span>rio d<span class=\"_ _1\"></span>ella co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza <span class=\"_ _1\"></span>econo<span class=\"_ _1\"></span>mica, c<span class=\"_ _1\"></span>oeren<span class=\"_ _1\"></span>teme<span class=\"_ _1\"></span>nte con<span class=\"_ _4ac\"> </span>le mo<span class=\"_ _0\"></span>dalit\u00e0 di rilevazione in<span class=\"_ _0\"></span> bilancio dei co<span class=\"_ _0\"></span>sti e ricavi che<span class=\"_ _0\"></span> le hanno gen<span class=\"ls1c ws147\">erate. Es<span class=\"_ _1\"></span>se rapp<span class=\"_ _1\"></span>resen<span class=\"_ _1\"></span>tano<span class=\"_ _1\"></span> </span>pertanto il saldo<span class=\"_ _0\"></span> della fiscalit\u00e0 corrente<span class=\"_ _0\"></span> e differita relat<span class=\"_ _0\"></span>iva al reddito dell\u2019esercizio. <span class=\"ls1 ws1\"> </span>Le Attivit<span class=\"_ _0\"></span>\u00e0 e Passivit\u00e0 fiscali c<span class=\"_ _0\"></span>orrenti acco<span class=\"_ _0\"></span>lgono il saldo net<span class=\"_ _0\"></span>to delle posizion<span class=\"_ _0\"></span>i fiscali delle soc<span class=\"_ _0\"></span>iet\u00e0 del Gruppo nei confronti dell\u2019<span class=\"_ _0\"></span>Amministrazioni finanz<span class=\"_ _0\"></span>iaria ovvero la differenza tra le pass<span class=\"_ _0\"></span>ivit\u00e0 fiscali co<span class=\"_ _0\"></span>rrenti dell\u2019esercizio<span class=\"_ _0\"></span>, calcolate in<span class=\"_ _0\"></span> base ad un<span class=\"ls30 ws18b\">a previ<span class=\"_ _1\"></span>sion<span class=\"_ _1\"></span>e dell\u2019<span class=\"_ _1\"></span>onere <span class=\"_ _1\"></span>tribu<span class=\"_ _1\"></span>tario d<span class=\"_ _1\"></span>ovu<span class=\"_ _1\"></span>to per<span class=\"_ _1\"></span> </span>l\u2019esercizio<span class=\"_ _0\"></span>, determinato in base<span class=\"_ _0\"></span> alle norme tributarie<span class=\"_ _0\"></span> in vigore, e le att<span class=\"_ _0\"></span>ivit\u00e0 fiscali corren<span class=\"_ _0\"></span>ti rappres<span class=\"_ _0\"></span>entate dagli ac<span class=\"_ _0\"></span>conti e dagli alt<span class=\"_ _0\"></span>ri crediti d\u2019im<span class=\"_ _0\"></span>posta per ritenu<span class=\"_ _0\"></span>te d\u2019acconto su<span class=\"_ _0\"></span>bite.<span class=\"ls1 ws1\"> </span>Si ricorda che<span class=\"_ _0\"></span> Anima Holding, Anima SGR e Anima Alternative SGR avevan<span class=\"_ _0\"></span>o aderito al regime di tassa<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di g<span class=\"_ _1c\"></span>ruppo e<span class=\"_ _1\"></span>x art. <span class=\"_ _1\"></span>117 e s<span class=\"_ _1\"></span>eg. d<span class=\"_ _1\"></span>el T.U<span class=\"_ _1\"></span>.I.R<span class=\"_ _1\"></span>. (cosid<span class=\"_ _1c\"></span>detto \u201cC<span class=\"_ _1c\"></span>onsol<span class=\"_ _1\"></span>idato f<span class=\"_ _1\"></span>iscal<span class=\"_ _1\"></span>e naz<span class=\"_ _1\"></span>iona<span class=\"_ _1\"></span>le\u201d)<span class=\"_ _1c\"></span> per il triennio 2023<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"ls30 ws96\">202<span class=\"_ _1c\"></span>5, regoland<span class=\"_ _1c\"></span>o <span class=\"_ _0\"></span>i rapp<span class=\"_ _1\"></span>orti con<span class=\"_ _1\"></span> apposi<span class=\"_ _1c\"></span>to cont<span class=\"ls0 ws0\">ratto di Consolidato f<span class=\"_ _0\"></span>iscale.<span class=\"ls1 ws1\"> </span></span></span></span>La fiscalit\u00e0 differita \u00e8 determinata, tenendo c<span class=\"_ _1\"></span>onto dell\u2019effetto fiscale connesso alle differenze temporanee tr<span class=\"_ _0\"></span>a il valore contabile delle attivit\u00e0 e passivit<span class=\"_ _0\"></span>\u00e0 ed il loro valore fiscale che determineranno importi im<span class=\"_ _0\"></span>ponibili o deducibili nei futuri perio<span class=\"_ _0\"></span>di.<span class=\"ls1 ws1\">  </span>A<span class=\"_ _1\"></span> tali fin<span class=\"_ _0\"></span>i, si intendono \u201cdi<span class=\"_ _1\"></span>fferenz<span class=\"_ _1c\"></span>e tempo<span class=\"_ _1\"></span>ranee <span class=\"_ _1\"></span>tassab<span class=\"_ _1\"></span>ili\u201d<span class=\"_ _1\"></span> quel<span class=\"_ _1\"></span>le ch<span class=\"_ _1\"></span>e nei p<span class=\"_ _1c\"></span>eriodi f<span class=\"_ _1\"></span>uturi d<span class=\"_ _1c\"></span>etermi<span class=\"_ _1\"></span>nera<span class=\"_ _1\"></span>nno imp<span class=\"_ _1\"></span>orti<span class=\"_ _1c\"></span> imponibili e \u201cdiffe<span class=\"_ _0\"></span>renze temporanee de<span class=\"_ _0\"></span>ducibili\u201d quelle che ne<span class=\"_ _0\"></span>gli esercizi futuri determ<span class=\"_ _0\"></span>ineranno importi deducibili.<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>La fiscalit<span class=\"_ _0\"></span>\u00e0 differita non \u00e8 rilevata nel caso in cui derivi dalla rile<span class=\"_ _0\"></span>vazione iniziale dell\u2019avvia<span class=\"_ _0\"></span>mento e dalla rile<span class=\"_ _0\"></span>vazione iniziale di un\u2019att<span class=\"_ _0\"></span>ivit\u00e0 o di una passivit<span class=\"_ _0\"></span>\u00e0 in operazioni che non r<span class=\"_ _0\"></span>appresentino un\u2019agg<span class=\"_ _1\"></span>regaz<span class=\"_ _1\"></span>ione azi<span class=\"_ _1c\"></span>endale e al<span class=\"_ _1\"></span> mom<span class=\"_ _1\"></span>ento del<span class=\"_ _1\"></span>l\u2019o<span class=\"_ _1\"></span>perazi<span class=\"_ _1\"></span>on<span class=\"ls0 ws15\">e non influenza n\u00e9 l\u2019utile<span class=\"_ _0\"></span> contabile n\u00e9 il </span>reddito imponibile<span class=\"_ _0\"></span> (perdita fiscale).<span class=\"ls1 ws1\"> </span>La fiscalit<span class=\"_ _0\"></span>\u00e0 differita \u00e8 calcolata applican<span class=\"_ _0\"></span>do le aliquote fiscali stabilite<span class=\"_ _0\"></span> dalle disposizioni di legge <span class=\"_ _1c\"></span> applicabili nei pe<span class=\"_ _0\"></span>riodi di imposta in cui le<span class=\"_ _0\"></span> relative differenz<span class=\"_ _0\"></span>e temporanee diverranno tass<span class=\"_ _0\"></span>abili o imponibili; l\u2019<span class=\"_ _0\"></span>iscrizione della fiscalit<span class=\"_ _0\"></span>\u00e0 differita pu\u00f2 essere rilevata quando esiste la probabilit\u00e0 di un ef<span class=\"_ _1\"></span>fettiv<span class=\"_ _1c\"></span>o sost<span class=\"_ _1\"></span>enime<span class=\"_ _1\"></span>nto di<span class=\"_ _1\"></span> imp<span class=\"_ _1\"></span>oste d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>eriod<span class=\"_ _1c\"></span>i di rive<span class=\"_ _1\"></span>rsam<span class=\"_ _1\"></span>ento d<span class=\"_ _1\"></span>i tal<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>iffere<span class=\"_ _1\"></span>nze <span class=\"_ _1\"></span>temp<span class=\"_ _1\"></span>oranee<span class=\"_ _1c\"></span> e quando esiste una ragionevole certez<span class=\"_ _0\"></span>za che vi siano ammontari imponibili futu<span class=\"_ _0\"></span>ri nei periodi in cui si manifester<span class=\"_ _0\"></span>\u00e0 la relativa deducibilit<span class=\"_ _0\"></span>\u00e0 fiscale correlata a tali differenz<span class=\"_ _0\"></span>e temporali.<span class=\"ls1 ws1\"> </span>Il valore c<span class=\"_ _0\"></span>ontabile delle att<span class=\"_ _0\"></span>ivit\u00e0 fiscali differ<span class=\"_ _0\"></span>ite \u00e8 riv<span class=\"_ _0\"></span>isto a ciascuna data di bilan<span class=\"_ _0\"></span>cio ed \u00e8 r<span class=\"_ _0\"></span>idotto nella misura in cui non \u00e8 probabile che sia realizzabile un reddito imponibile suf<span class=\"_ _0\"></span>ficiente per consentire che s<span class=\"_ _0\"></span>ia utilizzato il benefic<span class=\"_ _0\"></span>io in parte o di tutta quell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 fiscale differita.<span class=\"ls1 ws1\"> </span>La valutazione delle passivit\u00e0<span class=\"_ _0\"></span> e delle attivit\u00e0 fiscali differite riflette<span class=\"_ _0\"></span> gli effetti fiscali che derivano dalle modalit<span class=\"_ _0\"></span>\u00e0 in cui la Societ\u00e0 s<span class=\"_ _0\"></span>i attende, alla data di rife<span class=\"_ _0\"></span>rimento del bilancio, di r<span class=\"_ _0\"></span>ecuperare o estinguere<span class=\"_ _0\"></span> il valore contabile delle sue attivit<span class=\"_ _0\"></span><span class=\"ws15\">\u00e0 e pass<span class=\"_ _0\"></span>ivit\u00e0.<span class=\"ls1 ws1\"> </span></span>Qualora le Attivit<span class=\"_ _0\"></span>\u00e0 e Passivit\u00e0 fiscali differ<span class=\"_ _0\"></span>ite si riferiscano a componenti che hanno intere<span class=\"_ _0\"></span>ssato il co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1c\"></span>onomico, l<span class=\"_ _1\"></span>a c<span class=\"_ _1\"></span>ontrop<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span>ta \u00e8 ra<span class=\"_ _1\"></span>ppres<span class=\"_ _1c\"></span>entata d<span class=\"_ _1\"></span>alle i<span class=\"_ _1c\"></span>mposte s<span class=\"_ _1\"></span>ul red<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span>Nei c<span class=\"_ _1\"></span>asi i<span class=\"_ _1c\"></span>n cui le i<span class=\"_ _1c\"></span>mposte <span class=\"_ _1\"></span>anti<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>te e<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erite<span class=\"_ _1\"></span> rigua<span class=\"_ _1c\"></span>rdino t<span class=\"_ _1\"></span>ransa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni ch<span class=\"_ _1\"></span>e han<span class=\"_ _1\"></span>no i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>essat<span class=\"_ _1c\"></span>o direttamente<span class=\"_ _0\"></span> il patrimonio netto<span class=\"_ _0\"></span> senza influenzar<span class=\"_ _0\"></span>e il conto economico<span class=\"_ _0\"></span> (quali le rett<span class=\"_ _0\"></span>ifiche di prima applicazione degli IFRS,<span class=\"_ _0\"></span> le valutazioni degli strumenti finan<span class=\"ls11 wse1\">ziari rilevati al fair value con<span class=\"_ _1\"></span> </span>impatto su<span class=\"_ _0\"></span>lla redditivit\u00e0 complessiva o<span class=\"_ _0\"></span> dei contratti derivati di copertur<span class=\"_ _0\"></span>a di flussi finanziar<span class=\"_ _0\"></span>i), le stess<span class=\"_ _1c\"></span>e veng<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>scri<span class=\"_ _1\"></span>tte <span class=\"_ _1\"></span>in co<span class=\"_ _1c\"></span>ntropar<span class=\"_ _1c\"></span>tita al<span class=\"_ _1\"></span> patr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio <span class=\"_ _1\"></span>netto<span class=\"_ _1\"></span>, in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>ssand<span class=\"_ _1\"></span>o le<span class=\"_ _1c\"></span> specif<span class=\"_ _1\"></span>iche<span class=\"_ _1c\"></span> riserv<span class=\"_ _1c\"></span>e quand<span class=\"_ _1c\"></span>o previ<span class=\"_ _1\"></span>sto (<span class=\"_ _1\"></span>es. <span class=\"_ _1\"></span>ris<span class=\"ls11 ws29\">erve da val<span class=\"_ _1\"></span>utaz<span class=\"_ _0\"></span>ione).</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "Fis<span class=\"_ _0\"></span>calit\u00e0 corre<span class=\"_ _0\"></span>nte e d<span class=\"_ _0\"></span>iffe<span class=\"_ _0\"></span>rita<span class=\"ls1 ws1\"> </span>Le imposte sul reddit<span class=\"_ _0\"></span>o, calcolate ne<span class=\"_ _0\"></span>l rispetto delle legislazioni fis<span class=\"_ _0\"></span>cali naziona<span class=\"_ _0\"></span>li, sono contab<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>zate c<span class=\"_ _1\"></span>ome <span class=\"_ _1\"></span>costo i<span class=\"_ _1c\"></span>n base al <span class=\"_ _1\"></span>crite<span class=\"_ _1\"></span>rio d<span class=\"_ _1\"></span>ella co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza <span class=\"_ _1\"></span>econo<span class=\"_ _1\"></span>mica, c<span class=\"_ _1\"></span>oeren<span class=\"_ _1\"></span>teme<span class=\"_ _1\"></span>nte con<span class=\"_ _4ac\"> </span>le mo<span class=\"_ _0\"></span>dalit\u00e0 di rilevazione in<span class=\"_ _0\"></span> bilancio dei co<span class=\"_ _0\"></span>sti e ricavi che<span class=\"_ _0\"></span> le hanno gen<span class=\"ls1c ws147\">erate. Es<span class=\"_ _1\"></span>se rapp<span class=\"_ _1\"></span>resen<span class=\"_ _1\"></span>tano<span class=\"_ _1\"></span> </span>pertanto il saldo<span class=\"_ _0\"></span> della fiscalit\u00e0 corrente<span class=\"_ _0\"></span> e differita relat<span class=\"_ _0\"></span>iva al reddito dell\u2019esercizio. <span class=\"ls1 ws1\"> </span>Le Attivit<span class=\"_ _0\"></span>\u00e0 e Passivit\u00e0 fiscali c<span class=\"_ _0\"></span>orrenti acco<span class=\"_ _0\"></span>lgono il saldo net<span class=\"_ _0\"></span>to delle posizion<span class=\"_ _0\"></span>i fiscali delle soc<span class=\"_ _0\"></span>iet\u00e0 del Gruppo nei confronti dell\u2019<span class=\"_ _0\"></span>Amministrazioni finanz<span class=\"_ _0\"></span>iaria ovvero la differenza tra le pass<span class=\"_ _0\"></span>ivit\u00e0 fiscali co<span class=\"_ _0\"></span>rrenti dell\u2019esercizio<span class=\"_ _0\"></span>, calcolate in<span class=\"_ _0\"></span> base ad un<span class=\"ls30 ws18b\">a previ<span class=\"_ _1\"></span>sion<span class=\"_ _1\"></span>e dell\u2019<span class=\"_ _1\"></span>onere <span class=\"_ _1\"></span>tribu<span class=\"_ _1\"></span>tario d<span class=\"_ _1\"></span>ovu<span class=\"_ _1\"></span>to per<span class=\"_ _1\"></span> </span>l\u2019esercizio<span class=\"_ _0\"></span>, determinato in base<span class=\"_ _0\"></span> alle norme tributarie<span class=\"_ _0\"></span> in vigore, e le att<span class=\"_ _0\"></span>ivit\u00e0 fiscali corren<span class=\"_ _0\"></span>ti rappres<span class=\"_ _0\"></span>entate dagli ac<span class=\"_ _0\"></span>conti e dagli alt<span class=\"_ _0\"></span>ri crediti d\u2019im<span class=\"_ _0\"></span>posta per ritenu<span class=\"_ _0\"></span>te d\u2019acconto su<span class=\"_ _0\"></span>bite.<span class=\"ls1 ws1\"> </span>Si ricorda che<span class=\"_ _0\"></span> Anima Holding, Anima SGR e Anima Alternative SGR avevan<span class=\"_ _0\"></span>o aderito al regime di tassa<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di g<span class=\"_ _1c\"></span>ruppo e<span class=\"_ _1\"></span>x art. <span class=\"_ _1\"></span>117 e s<span class=\"_ _1\"></span>eg. d<span class=\"_ _1\"></span>el T.U<span class=\"_ _1\"></span>.I.R<span class=\"_ _1\"></span>. (cosid<span class=\"_ _1c\"></span>detto \u201cC<span class=\"_ _1c\"></span>onsol<span class=\"_ _1\"></span>idato f<span class=\"_ _1\"></span>iscal<span class=\"_ _1\"></span>e naz<span class=\"_ _1\"></span>iona<span class=\"_ _1\"></span>le\u201d)<span class=\"_ _1c\"></span> per il triennio 2023<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"ls30 ws96\">202<span class=\"_ _1c\"></span>5, regoland<span class=\"_ _1c\"></span>o <span class=\"_ _0\"></span>i rapp<span class=\"_ _1\"></span>orti con<span class=\"_ _1\"></span> apposi<span class=\"_ _1c\"></span>to cont<span class=\"ls0 ws0\">ratto di Consolidato f<span class=\"_ _0\"></span>iscale.<span class=\"ls1 ws1\"> </span></span></span></span>La fiscalit\u00e0 differita \u00e8 determinata, tenendo c<span class=\"_ _1\"></span>onto dell\u2019effetto fiscale connesso alle differenze temporanee tr<span class=\"_ _0\"></span>a il valore contabile delle attivit\u00e0 e passivit<span class=\"_ _0\"></span>\u00e0 ed il loro valore fiscale che determineranno importi im<span class=\"_ _0\"></span>ponibili o deducibili nei futuri perio<span class=\"_ _0\"></span>di.<span class=\"ls1 ws1\">  </span>A<span class=\"_ _1\"></span> tali fin<span class=\"_ _0\"></span>i, si intendono \u201cdi<span class=\"_ _1\"></span>fferenz<span class=\"_ _1c\"></span>e tempo<span class=\"_ _1\"></span>ranee <span class=\"_ _1\"></span>tassab<span class=\"_ _1\"></span>ili\u201d<span class=\"_ _1\"></span> quel<span class=\"_ _1\"></span>le ch<span class=\"_ _1\"></span>e nei p<span class=\"_ _1c\"></span>eriodi f<span class=\"_ _1\"></span>uturi d<span class=\"_ _1c\"></span>etermi<span class=\"_ _1\"></span>nera<span class=\"_ _1\"></span>nno imp<span class=\"_ _1\"></span>orti<span class=\"_ _1c\"></span> imponibili e \u201cdiffe<span class=\"_ _0\"></span>renze temporanee de<span class=\"_ _0\"></span>ducibili\u201d quelle che ne<span class=\"_ _0\"></span>gli esercizi futuri determ<span class=\"_ _0\"></span>ineranno importi deducibili.<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>La fiscalit<span class=\"_ _0\"></span>\u00e0 differita non \u00e8 rilevata nel caso in cui derivi dalla rile<span class=\"_ _0\"></span>vazione iniziale dell\u2019avvia<span class=\"_ _0\"></span>mento e dalla rile<span class=\"_ _0\"></span>vazione iniziale di un\u2019att<span class=\"_ _0\"></span>ivit\u00e0 o di una passivit<span class=\"_ _0\"></span>\u00e0 in operazioni che non r<span class=\"_ _0\"></span>appresentino un\u2019agg<span class=\"_ _1\"></span>regaz<span class=\"_ _1\"></span>ione azi<span class=\"_ _1c\"></span>endale e al<span class=\"_ _1\"></span> mom<span class=\"_ _1\"></span>ento del<span class=\"_ _1\"></span>l\u2019o<span class=\"_ _1\"></span>perazi<span class=\"_ _1\"></span>on<span class=\"ls0 ws15\">e non influenza n\u00e9 l\u2019utile<span class=\"_ _0\"></span> contabile n\u00e9 il </span>reddito imponibile<span class=\"_ _0\"></span> (perdita fiscale).<span class=\"ls1 ws1\"> </span>La fiscalit<span class=\"_ _0\"></span>\u00e0 differita \u00e8 calcolata applican<span class=\"_ _0\"></span>do le aliquote fiscali stabilite<span class=\"_ _0\"></span> dalle disposizioni di legge <span class=\"_ _1c\"></span> applicabili nei pe<span class=\"_ _0\"></span>riodi di imposta in cui le<span class=\"_ _0\"></span> relative differenz<span class=\"_ _0\"></span>e temporanee diverranno tass<span class=\"_ _0\"></span>abili o imponibili; l\u2019<span class=\"_ _0\"></span>iscrizione della fiscalit<span class=\"_ _0\"></span>\u00e0 differita pu\u00f2 essere rilevata quando esiste la probabilit\u00e0 di un ef<span class=\"_ _1\"></span>fettiv<span class=\"_ _1c\"></span>o sost<span class=\"_ _1\"></span>enime<span class=\"_ _1\"></span>nto di<span class=\"_ _1\"></span> imp<span class=\"_ _1\"></span>oste d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>eriod<span class=\"_ _1c\"></span>i di rive<span class=\"_ _1\"></span>rsam<span class=\"_ _1\"></span>ento d<span class=\"_ _1\"></span>i tal<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>iffere<span class=\"_ _1\"></span>nze <span class=\"_ _1\"></span>temp<span class=\"_ _1\"></span>oranee<span class=\"_ _1c\"></span> e quando esiste una ragionevole certez<span class=\"_ _0\"></span>za che vi siano ammontari imponibili futu<span class=\"_ _0\"></span>ri nei periodi in cui si manifester<span class=\"_ _0\"></span>\u00e0 la relativa deducibilit<span class=\"_ _0\"></span>\u00e0 fiscale correlata a tali differenz<span class=\"_ _0\"></span>e temporali.<span class=\"ls1 ws1\"> </span>Il valore c<span class=\"_ _0\"></span>ontabile delle att<span class=\"_ _0\"></span>ivit\u00e0 fiscali differ<span class=\"_ _0\"></span>ite \u00e8 riv<span class=\"_ _0\"></span>isto a ciascuna data di bilan<span class=\"_ _0\"></span>cio ed \u00e8 r<span class=\"_ _0\"></span>idotto nella misura in cui non \u00e8 probabile che sia realizzabile un reddito imponibile suf<span class=\"_ _0\"></span>ficiente per consentire che s<span class=\"_ _0\"></span>ia utilizzato il benefic<span class=\"_ _0\"></span>io in parte o di tutta quell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 fiscale differita.<span class=\"ls1 ws1\"> </span>La valutazione delle passivit\u00e0<span class=\"_ _0\"></span> e delle attivit\u00e0 fiscali differite riflette<span class=\"_ _0\"></span> gli effetti fiscali che derivano dalle modalit<span class=\"_ _0\"></span>\u00e0 in cui la Societ\u00e0 s<span class=\"_ _0\"></span>i attende, alla data di rife<span class=\"_ _0\"></span>rimento del bilancio, di r<span class=\"_ _0\"></span>ecuperare o estinguere<span class=\"_ _0\"></span> il valore contabile delle sue attivit<span class=\"_ _0\"></span><span class=\"ws15\">\u00e0 e pass<span class=\"_ _0\"></span>ivit\u00e0.<span class=\"ls1 ws1\"> </span></span>Qualora le Attivit<span class=\"_ _0\"></span>\u00e0 e Passivit\u00e0 fiscali differ<span class=\"_ _0\"></span>ite si riferiscano a componenti che hanno intere<span class=\"_ _0\"></span>ssato il co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1c\"></span>onomico, l<span class=\"_ _1\"></span>a c<span class=\"_ _1\"></span>ontrop<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span>ta \u00e8 ra<span class=\"_ _1\"></span>ppres<span class=\"_ _1c\"></span>entata d<span class=\"_ _1\"></span>alle i<span class=\"_ _1c\"></span>mposte s<span class=\"_ _1\"></span>ul red<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span>Nei c<span class=\"_ _1\"></span>asi i<span class=\"_ _1c\"></span>n cui le i<span class=\"_ _1c\"></span>mposte <span class=\"_ _1\"></span>anti<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>te e<span class=\"_ _1\"></span> diff<span class=\"_ _1\"></span>erite<span class=\"_ _1\"></span> rigua<span class=\"_ _1c\"></span>rdino t<span class=\"_ _1\"></span>ransa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni ch<span class=\"_ _1\"></span>e han<span class=\"_ _1\"></span>no i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>essat<span class=\"_ _1c\"></span>o direttamente<span class=\"_ _0\"></span> il patrimonio netto<span class=\"_ _0\"></span> senza influenzar<span class=\"_ _0\"></span>e il conto economico<span class=\"_ _0\"></span> (quali le rett<span class=\"_ _0\"></span>ifiche di prima applicazione degli IFRS,<span class=\"_ _0\"></span> le valutazioni degli strumenti finan<span class=\"ls11 wse1\">ziari rilevati al fair value con<span class=\"_ _1\"></span> </span>impatto su<span class=\"_ _0\"></span>lla redditivit\u00e0 complessiva o<span class=\"_ _0\"></span> dei contratti derivati di copertur<span class=\"_ _0\"></span>a di flussi finanziar<span class=\"_ _0\"></span>i), le stess<span class=\"_ _1c\"></span>e veng<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>scri<span class=\"_ _1\"></span>tte <span class=\"_ _1\"></span>in co<span class=\"_ _1c\"></span>ntropar<span class=\"_ _1c\"></span>tita al<span class=\"_ _1\"></span> patr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio <span class=\"_ _1\"></span>netto<span class=\"_ _1\"></span>, in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>ssand<span class=\"_ _1\"></span>o le<span class=\"_ _1c\"></span> specif<span class=\"_ _1\"></span>iche<span class=\"_ _1c\"></span> riserv<span class=\"_ _1c\"></span>e quand<span class=\"_ _1c\"></span>o previ<span class=\"_ _1\"></span>sto (<span class=\"_ _1\"></span>es. <span class=\"_ _1\"></span>ris<span class=\"ls11 ws29\">erve da val<span class=\"_ _1\"></span>utaz<span class=\"_ _0\"></span>ione).</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-714": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs304\">Benefici ai di<span class=\"_ _0\"></span>pendenti<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs305\">Si <span class=\"ws0\">definiscono<span class=\"_ _0\"></span> benefici ai dipendenti tutti i tipi di remuner<span class=\"_ _0\"></span>azione erogati dall\u2019azienda in c<span class=\"_ _0\"></span>ambio </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs306\">dell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 lavorativa svolt<span class=\"_ _0\"></span>a dai dipendenti. I benefic<span class=\"_ _0\"></span>i ai dipendenti si suddividono<span class=\"_ _0\"></span> tra:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs307\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wsfe\">benefici a breve term<span class=\"_ _0\"></span>ine (diversi dai benefic<span class=\"_ _0\"></span>i dovuti ai dipendenti per la cessazione del </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs308\">rapporto di lavoro e dai benefic<span class=\"_ _0\"></span>i retributivi sotto forma di partecipazion<span class=\"_ _0\"></span>e al capitale) che si </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs309\">prevede di liqu<span class=\"_ _0\"></span>idare interamente entro do<span class=\"_ _0\"></span>dici mesi dal termine dell\u2019es<span class=\"ws86\">erciz<span class=\"_ _0\"></span>io nel qu<span class=\"_ _0\"></span>ale i </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs30b\">dipendenti h<span class=\"_ _0\"></span>anno prestato<span class=\"_ _0\"></span> l\u2019attivit\u00e0 lavorat<span class=\"_ _0\"></span>iva e rilevati int<span class=\"_ _0\"></span>eramente a conto e<span class=\"_ _0\"></span>conomico al </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws2b gs30c\">mome<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>la ma<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span>zione (<span class=\"_ _1\"></span>rien<span class=\"_ _1\"></span>trano i<span class=\"_ _1c\"></span>n tale c<span class=\"_ _1\"></span>atego<span class=\"_ _1\"></span>ria, ad<span class=\"_ _1\"></span> ese<span class=\"_ _1\"></span>mpio, i<span class=\"_ _1c\"></span> salari, g<span class=\"_ _1\"></span>li sti<span class=\"_ _1\"></span>pendi<span class=\"_ _1\"></span> e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs30d\">le prest<span class=\"_ _0\"></span>azioni \u201cstraordinarie\u201d);<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs30e\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws76\">benefici success<span class=\"_ _0\"></span>ivi al rapporto di lavoro dovuti dopo la conclusione del rapporto di lavoro </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wse2 gs30f\">che <span class=\"_ _1\"></span>obbl<span class=\"_ _1\"></span>igano<span class=\"_ _1c\"></span> l\u2019impr<span class=\"_ _1c\"></span>esa ad <span class=\"_ _1c\"></span>un\u2019erog<span class=\"_ _1\"></span>azio<span class=\"_ _1\"></span>ne f<span class=\"_ _1\"></span>utura<span class=\"_ _1\"></span> nei<span class=\"_ _1\"></span> conf<span class=\"_ _1c\"></span>ronti d<span class=\"_ _1c\"></span>ei dip<span class=\"_ _1\"></span>ende<span class=\"_ _1\"></span>nti.<span class=\"_ _1\"></span> Tra q<span class=\"_ _1c\"></span>uesti,<span class=\"_ _1\"></span> </div>rientrano<span class=\"_ _0\"></span> il trattamento di fine<span class=\"_ _0\"></span> rapporto e<span class=\"_ _0\"></span> i fondi pensione che, a lo<span class=\"_ _0\"></span>ro volta si suddivido<span class=\"_ _0\"></span>no in piani a contr<span class=\"_ _0\"></span>ibuzione definita e piani a benefici defin<span class=\"_ _0\"></span>iti o fondi di quiescenza aziendale;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws97\">benefici per la cessaz<span class=\"_ _0\"></span>ione del rapporto di lavoro, ossia quei compens<span class=\"_ _0\"></span>i che l\u2019azienda </span></span>ricon<span class=\"_ _1c\"></span>osce ai di<span class=\"_ _1\"></span>pende<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span> come con<span class=\"_ _1\"></span>tropa<span class=\"_ _1c\"></span>rtita al<span class=\"_ _1\"></span>la cess<span class=\"_ _1\"></span>azio<span class=\"_ _1\"></span>ne del ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>orto di l<span class=\"_ _1\"></span>avoro<span class=\"_ _1\"></span>, in seguito<span class=\"_ _0\"></span> alla decisione della st<span class=\"_ _0\"></span>essa di concludere il rappo<span class=\"_ _0\"></span>rto di lavoro<span class=\"_ _0\"></span> prima della n<span class=\"ls30 ws1f\">ormal<span class=\"_ _1\"></span>e </span>data<span class=\"_ _1\"></span> di p<span class=\"_ _1\"></span>ensio<span class=\"_ _1\"></span>name<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws1d7\">benefici a lun<span class=\"_ _0\"></span>go termine, diversi dai precedenti, che non si prevede siano estint<span class=\"_ _0\"></span>i </span></span>interamente entro<span class=\"_ _0\"></span> i dodici mesi successivi al temine dell\u2019eserc<span class=\"_ _0\"></span>izio in cui i dipendenti hanno svolto le<span class=\"_ _0\"></span> proprie prestazioni lav<span class=\"_ _0\"></span>orative. La valut<span class=\"_ _0\"></span>azione e contabilizz<span class=\"_ _0\"></span>azione degli altr<span class=\"_ _0\"></span>i benefici a lungo term<span class=\"_ _0\"></span>ine avviene utilizzando<span class=\"_ _0\"></span> la stessa metodologia di valutazio<span class=\"_ _0\"></span>ne dei benefici successivi alla f<span class=\"_ _0\"></span>ine del rapporto<span class=\"_ _0\"></span> di lavoro, ma non sono r<span class=\"_ _0\"></span>ilevati utili/perdit<span class=\"_ _0\"></span>e attuariali nelle altre<span class=\"_ _0\"></span> compon<span class=\"_ _0\"></span>enti di c<span class=\"_ _0\"></span>onto econ<span class=\"_ _0\"></span>omico com<span class=\"_ _0\"></span>plessivo<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span>Trattamento di fine rapporto del personale<span class=\"ls1 ws1\"> </span>Il tra<span class=\"_ _1\"></span>ttame<span class=\"_ _1\"></span>nto di<span class=\"_ _1\"></span> fine ra<span class=\"_ _1c\"></span>pporto si c<span class=\"_ _1c\"></span>onfigura c<span class=\"_ _1c\"></span>ome un \u201cb<span class=\"_ _1\"></span>enefi<span class=\"_ _1\"></span>cio su<span class=\"_ _1\"></span>ccess<span class=\"_ _1\"></span>ivo a<span class=\"_ _1\"></span>l rapp<span class=\"_ _1\"></span>orto d<span class=\"_ _1\"></span>i lav<span class=\"_ _1\"></span>oro\u201d classifica<span class=\"_ _0\"></span>to come:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 lse wsf5\">\u201cpiano<span class=\"_ _0\"></span> a contribuzione<span class=\"_ _0\"></span> definita\u201d per le quote di tr<span class=\"_ _0\"></span>attamento di fine<span class=\"_ _0\"></span> rapporto del personale </span></span>maturande a partire dal 1\u00b0 gen<span class=\"_ _0\"></span>naio 2007 (data di entrata in<span class=\"_ _0\"></span> vigore della riforma della pre<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>za compl<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>are di c<span class=\"_ _0\"></span>ui a<span class=\"_ _0\"></span>l Decret<span class=\"_ _0\"></span>o Legis<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ivo 5 di<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>re 2005<span class=\"_ _0\"></span> n. 252<span class=\"_ _0\"></span><span class=\"ls11 wse5\">) sia nel </span>caso di<span class=\"_ _0\"></span> opzione da parte<span class=\"_ _0\"></span> del dipen<span class=\"_ _0\"></span>dente per la pre<span class=\"_ _0\"></span>videnza complem<span class=\"_ _0\"></span>entare, s<span class=\"_ _0\"></span>ia nel caso<span class=\"_ _0\"></span> di destinazione a<span class=\"_ _0\"></span>l fondo di Tes<span class=\"_ _0\"></span>oreria presso l\u2019I<span class=\"_ _0\"></span>NPS. Per tali quo<span class=\"_ _0\"></span>te l\u2019importo<span class=\"_ _0\"></span> contabilizzato tra i costi del perso<span class=\"_ _0\"></span>nale \u00e8 determinato sulla bas<span class=\"_ _0\"></span>e dei contributi dovut<span class=\"_ _0\"></span>i senza l\u2019applicazione di metodolo<span class=\"_ _0\"></span>gie di calcolo attuariali;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws1d7\">\u201cpiano<span class=\"_ _0\"></span> a benefici definiti\u201d iscritto sulla base del suo valore attuariale determ<span class=\"_ _0\"></span>inato </span></span>utilizzando<span class=\"_ _0\"></span> il metodo della \u201cProiezione Unit<span class=\"_ _0\"></span>aria del Credito\u201d, per la quota<span class=\"_ _0\"></span> del trattamento di fin<span class=\"_ _0\"></span>e rappo<span class=\"_ _0\"></span>rto del per<span class=\"_ _0\"></span>sona<span class=\"_ _0\"></span>le matur<span class=\"_ _0\"></span>ata sino a<span class=\"_ _0\"></span>l 31 dicemb<span class=\"_ _0\"></span>re 2006.<span class=\"_ _0\"></span>Tali quo<span class=\"_ _0\"></span>te so<span class=\"ls35 wsa0\">no is<span class=\"_ _0\"></span>critte </span>sulla base<span class=\"_ _0\"></span> del loro valore attu<span class=\"_ _0\"></span>ariale determinato<span class=\"_ _0\"></span> utilizzando il metodo della<span class=\"_ _0\"></span> \u201cProiezione Unitaria de<span class=\"_ _0\"></span>l Credito\u201d, senza applic<span class=\"_ _0\"></span>azione del pro<span class=\"ls1 ws1\">-<span class=\"ls30 ws94\">rata d<span class=\"_ _1\"></span>el se<span class=\"_ _1\"></span>rvizio p<span class=\"_ _1c\"></span>restato i<span class=\"_ _1c\"></span>n quanto i<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to </span></span>previdenzia<span class=\"_ _0\"></span>le (\u201ccurrent service cost\u201d) del TFR \u00e8 quasi int<span class=\"ls32 ws342\">eram<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te m<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span> la </span>rivalutazione<span class=\"_ _0\"></span> dello stesso, per gli anni a venire, non si ritiene dia luo<span class=\"_ _0\"></span>go a significativi benefici per i dipen<span class=\"_ _0\"></span>denti.<span class=\"ls1 ws1\"> </span>Ai fini dell'at<span class=\"_ _0\"></span>tualizzaz<span class=\"_ _0\"></span>ione, il tasso utilizzato<span class=\"_ _0\"></span> \u00e8 determinato con rifer<span class=\"_ _0\"></span>imento al rendimento di mercato di obbligazio<span class=\"_ _0\"></span>ni di aziende prim<span class=\"_ _0\"></span>arie tenendo conto della durata me<span class=\"_ _0\"></span>dia residua della passivit\u00e0, ponderata in base alla percentuale dell'importo pagato e <span class=\"ls35 ws6d\">anticipat<span class=\"_ _0\"></span>o, per c<span class=\"_ _0\"></span>iascuna </span>scadenza, rispetto al totale da p<span class=\"_ _1\"></span>agare e anticipare fino all<span class=\"_ _1\"></span>'est<span class=\"_ _0\"></span>inzione final<span class=\"_ _1\"></span>e dell\u2019intera obbligazio<span class=\"_ _0\"></span>ne.<span class=\"ls1 ws1\"> </span>I costi per il servizio del piano<span class=\"_ _0\"></span> sono contabilizzati tra i costi del personale, mentre gli utili e le perdite<span class=\"_ _0\"></span> attuariali sono rile<span class=\"_ _0\"></span>vati in contropartita ad appos<span class=\"_ _0\"></span>ita riserva di patrimon<span class=\"_ _0\"></span>io netto (con effetto sulla<span class=\"_ _0\"></span> redditivit\u00e0 complessiv<span class=\"_ _0\"></span>a).<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-647": {
   "value": "<div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls11 ws29 gs311\">Trattamento di fine rapporto del personale<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws5d gs312\">Il tra<span class=\"_ _1\"></span>ttame<span class=\"_ _1\"></span>nto di<span class=\"_ _1\"></span> fine ra<span class=\"_ _1c\"></span>pporto si c<span class=\"_ _1c\"></span>onfigura c<span class=\"_ _1c\"></span>ome un \u201cb<span class=\"_ _1\"></span>enefi<span class=\"_ _1\"></span>cio su<span class=\"_ _1\"></span>ccess<span class=\"_ _1\"></span>ivo a<span class=\"_ _1\"></span>l rapp<span class=\"_ _1\"></span>orto d<span class=\"_ _1\"></span>i lav<span class=\"_ _1\"></span>oro\u201d </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs313\">classifica<span class=\"_ _0\"></span>to come:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs314\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 lse wsf5\">\u201cpiano<span class=\"_ _0\"></span> a contribuzione<span class=\"_ _0\"></span> definita\u201d per le quote di tr<span class=\"_ _0\"></span>attamento di fine<span class=\"_ _0\"></span> rapporto del personale </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 wsb7 gs315\">maturande a partire dal 1\u00b0 gen<span class=\"_ _0\"></span>naio 2007 (data di entrata in<span class=\"_ _0\"></span> vigore della riforma della </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d wsf9 gs316\">pre<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>za compl<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>are di c<span class=\"_ _0\"></span>ui a<span class=\"_ _0\"></span>l Decret<span class=\"_ _0\"></span>o Legis<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ivo 5 di<span class=\"_ _0\"></span>cemb<span class=\"_ _0\"></span>re 2005<span class=\"_ _0\"></span> n. 252<span class=\"_ _0\"></span><span class=\"ls11 wse5\">) sia nel </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse wsf5 gs317\">caso di<span class=\"_ _0\"></span> opzione da parte<span class=\"_ _0\"></span> del dipen<span class=\"_ _0\"></span>dente per la pre<span class=\"_ _0\"></span>videnza complem<span class=\"_ _0\"></span>entare, s<span class=\"_ _0\"></span>ia nel caso<span class=\"_ _0\"></span> di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs318\">destinazione a<span class=\"_ _0\"></span>l fondo di Tes<span class=\"_ _0\"></span>oreria presso l\u2019I<span class=\"_ _0\"></span>NPS. Per tali quo<span class=\"_ _0\"></span>te l\u2019importo<span class=\"_ _0\"></span> contabilizzato tra </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs319\">i costi del perso<span class=\"_ _0\"></span>nale \u00e8 determinato sulla bas<span class=\"_ _0\"></span>e dei contributi dovut<span class=\"_ _0\"></span>i senza l\u2019applicazione di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs31a\">metodolo<span class=\"_ _0\"></span>gie di calcolo attuariali;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs31b\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws1d7\">\u201cpiano<span class=\"_ _0\"></span> a benefici definiti\u201d iscritto sulla base del suo valore attuariale determ<span class=\"_ _0\"></span>inato </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs31c\">utilizzando<span class=\"_ _0\"></span> il metodo della \u201cProiezione Unit<span class=\"_ _0\"></span>aria del Credito\u201d, per la quota<span class=\"_ _0\"></span> del trattamento </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws102 gs31d\">di fin<span class=\"_ _0\"></span>e rappo<span class=\"_ _0\"></span>rto del per<span class=\"_ _0\"></span>sona<span class=\"_ _0\"></span>le matur<span class=\"_ _0\"></span>ata sino a<span class=\"_ _0\"></span>l 31 dicemb<span class=\"_ _0\"></span>re 2006.<span class=\"_ _0\"></span>Tali quo<span class=\"_ _0\"></span>te so<span class=\"ls35 wsa0\">no is<span class=\"_ _0\"></span>critte </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs31e\">sulla base<span class=\"_ _0\"></span> del loro valore attu<span class=\"_ _0\"></span>ariale determinato<span class=\"_ _0\"></span> utilizzando il metodo della<span class=\"_ _0\"></span> \u201cProiezione </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs31f\">Unitaria de<span class=\"_ _0\"></span>l Credito\u201d, senza applic<span class=\"_ _0\"></span>azione del pro<span class=\"ls1 ws1\">-<span class=\"ls30 ws94\">rata d<span class=\"_ _1\"></span>el se<span class=\"_ _1\"></span>rvizio p<span class=\"_ _1c\"></span>restato i<span class=\"_ _1c\"></span>n quanto i<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws18a gs320\">previdenzia<span class=\"_ _0\"></span>le (\u201ccurrent service cost\u201d) del TFR \u00e8 quasi int<span class=\"ls32 ws342\">eram<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te m<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span> la </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs321\">rivalutazione<span class=\"_ _0\"></span> dello stesso, per gli anni a venire, non si ritiene dia luo<span class=\"_ _0\"></span>go a significativi benefici </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs322\">per i dipen<span class=\"_ _0\"></span>denti.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs323\">Ai fini dell'at<span class=\"_ _0\"></span>tualizzaz<span class=\"_ _0\"></span>ione, il tasso utilizzato<span class=\"_ _0\"></span> \u00e8 determinato con rifer<span class=\"_ _0\"></span>imento al rendimento di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs324\">mercato di obbligazio<span class=\"_ _0\"></span>ni di aziende prim<span class=\"_ _0\"></span>arie tenendo conto della durata me<span class=\"_ _0\"></span>dia residua della </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws116 gs325\">passivit\u00e0, ponderata in base alla percentuale dell'importo pagato e <span class=\"ls35 ws6d\">anticipat<span class=\"_ _0\"></span>o, per c<span class=\"_ _0\"></span>iascuna </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws343 gs326\">scadenza, rispetto al totale da p<span class=\"_ _1\"></span>agare e anticipare fino all<span class=\"_ _1\"></span>'est<span class=\"_ _0\"></span>inzione final<span class=\"_ _1\"></span>e dell\u2019intera </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs327\">obbligazio<span class=\"_ _0\"></span>ne.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs328\">I costi per il servizio del piano<span class=\"_ _0\"></span> sono contabilizzati tra i costi del personale, mentre gli utili e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs329\">le perdite<span class=\"_ _0\"></span> attuariali sono rile<span class=\"_ _0\"></span>vati in contropartita ad appos<span class=\"_ _0\"></span>ita riserva di patrimon<span class=\"_ _0\"></span>io netto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs32a\">(con effetto sulla<span class=\"_ _0\"></span> redditivit\u00e0 complessiv<span class=\"_ _0\"></span>a).<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-618": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs32c\">Fondi<span class=\"_ _0\"></span> per ris<span class=\"_ _0\"></span>chi ed o<span class=\"_ _0\"></span>neri<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs32d\">Fondi per rischi ed on<span class=\"_ _1\"></span>eri a fronte di impegni e gara<span class=\"_ _1\"></span>nzie rilasciate<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsa7 gs32e\">La sottovoce dei fondi per rischi ed oneri in esame accoglie le g<span class=\"_ _1\"></span>aran<span class=\"_ _0\"></span>zie rilasciate dalla </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs32f\">controllat<span class=\"_ _0\"></span>a Anima S<span class=\"_ _0\"></span>GR ai <span class=\"ls30 ws6d\">sottos<span class=\"_ _1\"></span>crit<span class=\"_ _1\"></span>tori p<span class=\"_ _1\"></span>er i co<span class=\"_ _1c\"></span>mparti de<span class=\"_ _1\"></span>l fond<span class=\"_ _1c\"></span>o pensi<span class=\"_ _1\"></span>one ap<span class=\"_ _1c\"></span>erto Arti<span class=\"_ _1\"></span> &amp; Mes<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ri </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 wsd3 gs330\">\u201cGaranzia 1+\u201d ed \u201cIncremento e Garanzia 5+\u201d, nonch\u00e9 per il comparto \u201cLinea Ga<span class=\"_ _1\"></span>rantit<span class=\"_ _0\"></span>a\u201d del<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsba gs331\">fond<span class=\"_ _1\"></span>o pen<span class=\"_ _1\"></span>sione<span class=\"_ _1\"></span> neg<span class=\"_ _1\"></span>ozia<span class=\"_ _1\"></span>le \u201cEx<span class=\"_ _1c\"></span>tenso\u201d <span class=\"_ _1\"></span>ricevu<span class=\"_ _1\"></span>to i<span class=\"_ _1\"></span>n del<span class=\"_ _1\"></span>ega, c<span class=\"_ _1\"></span>irca<span class=\"_ _1c\"></span> la corr<span class=\"_ _1\"></span>espons<span class=\"_ _1\"></span>ione<span class=\"_ _1c\"></span> di un i<span class=\"_ _1c\"></span>mporto<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs332\">m<span class=\"lsf ws1f\">ini<span class=\"_ _1\"></span>mo, pa<span class=\"_ _1c\"></span>ri a qua<span class=\"_ _1\"></span>nto s<span class=\"_ _1c\"></span>ottosc<span class=\"_ _1\"></span>ritto<span class=\"_ _1\"></span> dall<span class=\"_ _1\"></span>\u2019ade<span class=\"_ _1\"></span>rent<span class=\"_ _1\"></span>e indip<span class=\"_ _1c\"></span>enden<span class=\"_ _1\"></span>temen<span class=\"_ _1\"></span>te d<span class=\"_ _1c\"></span>ai risul<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> di g<span class=\"_ _1\"></span>estio<span class=\"_ _1\"></span>ne.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs333\">Altri fondi per rischi ed<span class=\"_ _1\"></span> oneri<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs334\">Gli altri fondi per r<span class=\"_ _0\"></span>ischi ed oneri accolgono gli accanton<span class=\"_ _0\"></span>amenti relativi ad obbligazioni legali o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws96 gs335\">conne<span class=\"_ _0\"></span>ssi a r<span class=\"_ _0\"></span>apporti di<span class=\"_ _0\"></span> <span class=\"ls30 ws6d\">lavor<span class=\"_ _1c\"></span>o oppure a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tenzi<span class=\"_ _1c\"></span>osi, anch<span class=\"_ _1\"></span>e fisca<span class=\"_ _1\"></span>li, <span class=\"_ _1\"></span>origi<span class=\"_ _1\"></span>nati d<span class=\"_ _1\"></span>a un <span class=\"_ _1\"></span>evento p<span class=\"_ _1\"></span>ass<span class=\"_ _1\"></span>ato </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs336\">per i quali s<span class=\"_ _0\"></span>ia probabile l\u2019esborso di r<span class=\"_ _0\"></span>isorse economiche pe<span class=\"_ _0\"></span>r l\u2019adempimento delle<span class=\"_ _0\"></span> obbligazioni </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wsff gs337\">stess<span class=\"_ _1\"></span>e, semp<span class=\"_ _1c\"></span>re che p<span class=\"_ _1c\"></span>ossa ess<span class=\"_ _1\"></span>ere ef<span class=\"_ _1\"></span>fettua<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>a u<span class=\"_ _1\"></span>na s<span class=\"_ _1\"></span>tima at<span class=\"_ _1\"></span>tendib<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> del r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>o am<span class=\"_ _1\"></span>montar<span class=\"_ _1\"></span><span class=\"ls2f ws54\">e<span class=\"_ _0\"></span>. Ta<span class=\"_ _0\"></span>li </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsac gs338\">fondi<span class=\"_ _1\"></span> inol<span class=\"_ _1\"></span>tre ac<span class=\"_ _1\"></span>colgo<span class=\"_ _1\"></span>no l\u2019ac<span class=\"_ _1c\"></span>cantona<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o deg<span class=\"_ _1\"></span>li oneri<span class=\"_ _1\"></span> del p<span class=\"_ _1c\"></span>ersonal<span class=\"_ _1\"></span>e per la<span class=\"_ _1\"></span> comp<span class=\"_ _1\"></span>onen<span class=\"_ _1\"></span>te di<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs339\">remunerazione var<span class=\"_ _0\"></span>iabile.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs33a\">Conseg<span class=\"_ _1c\"></span>uentemen<span class=\"_ _1\"></span>te, la ril<span class=\"_ _1\"></span>evazio<span class=\"_ _1\"></span>ne di un acca<span class=\"_ _1\"></span>ntona<span class=\"_ _1\"></span>mento avv<span class=\"_ _1\"></span>iene se e s<span class=\"_ _1\"></span>olo se:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs33b\">\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws0\">vi \u00e8 un\u2019obbligazion<span class=\"_ _0\"></span>e in corso (legale o implicita) quale risult<span class=\"_ _0\"></span>ato di un evento passato;</span><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs33c\">\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws74\">\u00e8 probabile che per adem<span class=\"_ _0\"></span>piere all\u2019obbligazione si render\u00e0<span class=\"_ _0\"></span> necessario l\u2019impiego di risorse </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs33d\">atte a p<span class=\"_ _1c\"></span>rodurre b<span class=\"_ _1\"></span>enefi<span class=\"_ _1\"></span>ci econ<span class=\"_ _1\"></span>omici;<span class=\"_ _1\"></span> e<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs33e\">\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws10a\">pu\u00f2 essere effettu<span class=\"_ _0\"></span>ata una stima attendibile dell\u2019im<span class=\"_ _0\"></span>porto derivante dall\u2019adempimento </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs33f\">dell\u2019obbligazio<span class=\"_ _0\"></span>ne.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs340\">L\u2019importo r<span class=\"_ _0\"></span>ilevato come accanton<span class=\"_ _0\"></span>amento rappresent<span class=\"_ _0\"></span>a la migliore st<span class=\"_ _0\"></span>ima della s<span class=\"_ _0\"></span>pesa richiesta </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs341\">per adempiere all\u2019o<span class=\"_ _0\"></span>bbligazione esistente alla data di riferimento del bilancio e riflette rischi ed </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gs342\">incerte<span class=\"_ _0\"></span>zze che inevitabilmente caratterizzano una pluralit<span class=\"_ _0\"></span>\u00e0 di fa<span class=\"lsf ws12d\">t<span class=\"_ _1\"></span>ti e circ<span class=\"_ _1\"></span>osta<span class=\"_ _1c\"></span>nze. Ladd<span class=\"_ _1\"></span>ove<span class=\"_ _1c\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs343\">l\u2019elemento tempor<span class=\"_ _0\"></span>ale sia significativo, gli accanton<span class=\"_ _0\"></span>amenti vengono attualizzati utilizzando i tassi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws8e gs344\">corr<span class=\"_ _1\"></span>enti d<span class=\"_ _1\"></span>i me<span class=\"_ _1c\"></span>rcato. <span class=\"_ _1\"></span>L\u2019ac<span class=\"_ _1\"></span>canto<span class=\"_ _1c\"></span>namen<span class=\"_ _1\"></span>to e gl<span class=\"_ _1\"></span>i i<span class=\"_ _1\"></span>ncrem<span class=\"_ _1c\"></span>enti do<span class=\"_ _1\"></span>vuti a<span class=\"_ _1\"></span>l fa<span class=\"_ _1\"></span>tto<span class=\"_ _1\"></span>re temp<span class=\"_ _1\"></span>oral<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>leva<span class=\"_ _1c\"></span>ti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gs345\">a Conto<span class=\"_ _0\"></span> Econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws75 gs346\">L\u2019accanton<span class=\"_ _0\"></span>amento viene stornato quando diviene<span class=\"_ _0\"></span> improbabile l\u2019impiego di r<span class=\"_ _0\"></span>isorse atte a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws344 gs347\">produrr<span class=\"_ _0\"></span>e benefici e<span class=\"_ _0\"></span>conomici per a<span class=\"_ _0\"></span>dempiere l\u2019o<span class=\"_ _0\"></span>bbligazione oppur<span class=\"_ _0\"></span>e quando si e<span class=\"_ _0\"></span>stingue </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs348\">l\u2019obbligazione<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCollateralExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-18": {
   "value": "Fondi<span class=\"_ _0\"></span> per ris<span class=\"_ _0\"></span>chi ed o<span class=\"_ _0\"></span>neri<span class=\"ls1 ws1\"> </span>Fondi per rischi ed on<span class=\"_ _1\"></span>eri a fronte di impegni e gara<span class=\"_ _1\"></span>nzie rilasciate<span class=\"ls1 ws1\"> </span>La sottovoce dei fondi per rischi ed oneri in esame accoglie le g<span class=\"_ _1\"></span>aran<span class=\"_ _0\"></span>zie rilasciate dalla controllat<span class=\"_ _0\"></span>a Anima S<span class=\"_ _0\"></span>GR ai <span class=\"ls30 ws6d\">sottos<span class=\"_ _1\"></span>crit<span class=\"_ _1\"></span>tori p<span class=\"_ _1\"></span>er i co<span class=\"_ _1c\"></span>mparti de<span class=\"_ _1\"></span>l fond<span class=\"_ _1c\"></span>o pensi<span class=\"_ _1\"></span>one ap<span class=\"_ _1c\"></span>erto Arti<span class=\"_ _1\"></span> &amp; Mes<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ri </span>\u201cGaranzia 1+\u201d ed \u201cIncremento e Garanzia 5+\u201d, nonch\u00e9 per il comparto \u201cLinea Ga<span class=\"_ _1\"></span>rantit<span class=\"_ _0\"></span>a\u201d del<span class=\"_ _1\"></span> fond<span class=\"_ _1\"></span>o pen<span class=\"_ _1\"></span>sione<span class=\"_ _1\"></span> neg<span class=\"_ _1\"></span>ozia<span class=\"_ _1\"></span>le \u201cEx<span class=\"_ _1c\"></span>tenso\u201d <span class=\"_ _1\"></span>ricevu<span class=\"_ _1\"></span>to i<span class=\"_ _1\"></span>n del<span class=\"_ _1\"></span>ega, c<span class=\"_ _1\"></span>irca<span class=\"_ _1c\"></span> la corr<span class=\"_ _1\"></span>espons<span class=\"_ _1\"></span>ione<span class=\"_ _1c\"></span> di un i<span class=\"_ _1c\"></span>mporto<span class=\"_ _1\"></span> m<span class=\"lsf ws1f\">ini<span class=\"_ _1\"></span>mo, pa<span class=\"_ _1c\"></span>ri a qua<span class=\"_ _1\"></span>nto s<span class=\"_ _1c\"></span>ottosc<span class=\"_ _1\"></span>ritto<span class=\"_ _1\"></span> dall<span class=\"_ _1\"></span>\u2019ade<span class=\"_ _1\"></span>rent<span class=\"_ _1\"></span>e indip<span class=\"_ _1c\"></span>enden<span class=\"_ _1\"></span>temen<span class=\"_ _1\"></span>te d<span class=\"_ _1c\"></span>ai risul<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> di g<span class=\"_ _1\"></span>estio<span class=\"_ _1\"></span>ne.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Altri fondi per rischi ed<span class=\"_ _1\"></span> oneri<span class=\"ls1 ws1\"> </span>Gli altri fondi per r<span class=\"_ _0\"></span>ischi ed oneri accolgono gli accanton<span class=\"_ _0\"></span>amenti relativi ad obbligazioni legali o conne<span class=\"_ _0\"></span>ssi a r<span class=\"_ _0\"></span>apporti di<span class=\"_ _0\"></span> <span class=\"ls30 ws6d\">lavor<span class=\"_ _1c\"></span>o oppure a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tenzi<span class=\"_ _1c\"></span>osi, anch<span class=\"_ _1\"></span>e fisca<span class=\"_ _1\"></span>li, <span class=\"_ _1\"></span>origi<span class=\"_ _1\"></span>nati d<span class=\"_ _1\"></span>a un <span class=\"_ _1\"></span>evento p<span class=\"_ _1\"></span>ass<span class=\"_ _1\"></span>ato </span>per i quali s<span class=\"_ _0\"></span>ia probabile l\u2019esborso di r<span class=\"_ _0\"></span>isorse economiche pe<span class=\"_ _0\"></span>r l\u2019adempimento delle<span class=\"_ _0\"></span> obbligazioni stess<span class=\"_ _1\"></span>e, semp<span class=\"_ _1c\"></span>re che p<span class=\"_ _1c\"></span>ossa ess<span class=\"_ _1\"></span>ere ef<span class=\"_ _1\"></span>fettua<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>a u<span class=\"_ _1\"></span>na s<span class=\"_ _1\"></span>tima at<span class=\"_ _1\"></span>tendib<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> del r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>o am<span class=\"_ _1\"></span>montar<span class=\"_ _1\"></span><span class=\"ls2f ws54\">e<span class=\"_ _0\"></span>. Ta<span class=\"_ _0\"></span>li </span>fondi<span class=\"_ _1\"></span> inol<span class=\"_ _1\"></span>tre ac<span class=\"_ _1\"></span>colgo<span class=\"_ _1\"></span>no l\u2019ac<span class=\"_ _1c\"></span>cantona<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o deg<span class=\"_ _1\"></span>li oneri<span class=\"_ _1\"></span> del p<span class=\"_ _1c\"></span>ersonal<span class=\"_ _1\"></span>e per la<span class=\"_ _1\"></span> comp<span class=\"_ _1\"></span>onen<span class=\"_ _1\"></span>te di<span class=\"_ _1c\"></span> remunerazione var<span class=\"_ _0\"></span>iabile.<span class=\"ls1 ws1\"> </span>Conseg<span class=\"_ _1c\"></span>uentemen<span class=\"_ _1\"></span>te, la ril<span class=\"_ _1\"></span>evazio<span class=\"_ _1\"></span>ne di un acca<span class=\"_ _1\"></span>ntona<span class=\"_ _1\"></span>mento avv<span class=\"_ _1\"></span>iene se e s<span class=\"_ _1\"></span>olo se:<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws0\">vi \u00e8 un\u2019obbligazion<span class=\"_ _0\"></span>e in corso (legale o implicita) quale risult<span class=\"_ _0\"></span>ato di un evento passato;</span><span class=\"ff1\"> </span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws74\">\u00e8 probabile che per adem<span class=\"_ _0\"></span>piere all\u2019obbligazione si render\u00e0<span class=\"_ _0\"></span> necessario l\u2019impiego di risorse </span></span>atte a p<span class=\"_ _1c\"></span>rodurre b<span class=\"_ _1\"></span>enefi<span class=\"_ _1\"></span>ci econ<span class=\"_ _1\"></span>omici;<span class=\"_ _1\"></span> e<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws10a\">pu\u00f2 essere effettu<span class=\"_ _0\"></span>ata una stima attendibile dell\u2019im<span class=\"_ _0\"></span>porto derivante dall\u2019adempimento </span></span>dell\u2019obbligazio<span class=\"_ _0\"></span>ne.<span class=\"ls1 ws1\"> </span>L\u2019importo r<span class=\"_ _0\"></span>ilevato come accanton<span class=\"_ _0\"></span>amento rappresent<span class=\"_ _0\"></span>a la migliore st<span class=\"_ _0\"></span>ima della s<span class=\"_ _0\"></span>pesa richiesta per adempiere all\u2019o<span class=\"_ _0\"></span>bbligazione esistente alla data di riferimento del bilancio e riflette rischi ed incerte<span class=\"_ _0\"></span>zze che inevitabilmente caratterizzano una pluralit<span class=\"_ _0\"></span>\u00e0 di fa<span class=\"lsf ws12d\">t<span class=\"_ _1\"></span>ti e circ<span class=\"_ _1\"></span>osta<span class=\"_ _1c\"></span>nze. Ladd<span class=\"_ _1\"></span>ove<span class=\"_ _1c\"></span> </span>l\u2019elemento tempor<span class=\"_ _0\"></span>ale sia significativo, gli accanton<span class=\"_ _0\"></span>amenti vengono attualizzati utilizzando i tassi corr<span class=\"_ _1\"></span>enti d<span class=\"_ _1\"></span>i me<span class=\"_ _1c\"></span>rcato. <span class=\"_ _1\"></span>L\u2019ac<span class=\"_ _1\"></span>canto<span class=\"_ _1c\"></span>namen<span class=\"_ _1\"></span>to e gl<span class=\"_ _1\"></span>i i<span class=\"_ _1\"></span>ncrem<span class=\"_ _1c\"></span>enti do<span class=\"_ _1\"></span>vuti a<span class=\"_ _1\"></span>l fa<span class=\"_ _1\"></span>tto<span class=\"_ _1\"></span>re temp<span class=\"_ _1\"></span>oral<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>leva<span class=\"_ _1c\"></span>ti a Conto<span class=\"_ _0\"></span> Econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span>L\u2019accanton<span class=\"_ _0\"></span>amento viene stornato quando diviene<span class=\"_ _0\"></span> improbabile l\u2019impiego di r<span class=\"_ _0\"></span>isorse atte a produrr<span class=\"_ _0\"></span>e benefici e<span class=\"_ _0\"></span>conomici per a<span class=\"_ _0\"></span>dempiere l\u2019o<span class=\"_ _0\"></span>bbligazione oppur<span class=\"_ _0\"></span>e quando si e<span class=\"_ _0\"></span>stingue l\u2019obbligazione<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-648": {
   "value": "Fondi<span class=\"_ _0\"></span> per ris<span class=\"_ _0\"></span>chi ed o<span class=\"_ _0\"></span>neri<span class=\"ls1 ws1\"> </span>Fondi per rischi ed on<span class=\"_ _1\"></span>eri a fronte di impegni e gara<span class=\"_ _1\"></span>nzie rilasciate<span class=\"ls1 ws1\"> </span>La sottovoce dei fondi per rischi ed oneri in esame accoglie le g<span class=\"_ _1\"></span>aran<span class=\"_ _0\"></span>zie rilasciate dalla controllat<span class=\"_ _0\"></span>a Anima S<span class=\"_ _0\"></span>GR ai <span class=\"ls30 ws6d\">sottos<span class=\"_ _1\"></span>crit<span class=\"_ _1\"></span>tori p<span class=\"_ _1\"></span>er i co<span class=\"_ _1c\"></span>mparti de<span class=\"_ _1\"></span>l fond<span class=\"_ _1c\"></span>o pensi<span class=\"_ _1\"></span>one ap<span class=\"_ _1c\"></span>erto Arti<span class=\"_ _1\"></span> &amp; Mes<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ri </span>\u201cGaranzia 1+\u201d ed \u201cIncremento e Garanzia 5+\u201d, nonch\u00e9 per il comparto \u201cLinea Ga<span class=\"_ _1\"></span>rantit<span class=\"_ _0\"></span>a\u201d del<span class=\"_ _1\"></span> fond<span class=\"_ _1\"></span>o pen<span class=\"_ _1\"></span>sione<span class=\"_ _1\"></span> neg<span class=\"_ _1\"></span>ozia<span class=\"_ _1\"></span>le \u201cEx<span class=\"_ _1c\"></span>tenso\u201d <span class=\"_ _1\"></span>ricevu<span class=\"_ _1\"></span>to i<span class=\"_ _1\"></span>n del<span class=\"_ _1\"></span>ega, c<span class=\"_ _1\"></span>irca<span class=\"_ _1c\"></span> la corr<span class=\"_ _1\"></span>espons<span class=\"_ _1\"></span>ione<span class=\"_ _1c\"></span> di un i<span class=\"_ _1c\"></span>mporto<span class=\"_ _1\"></span> m<span class=\"lsf ws1f\">ini<span class=\"_ _1\"></span>mo, pa<span class=\"_ _1c\"></span>ri a qua<span class=\"_ _1\"></span>nto s<span class=\"_ _1c\"></span>ottosc<span class=\"_ _1\"></span>ritto<span class=\"_ _1\"></span> dall<span class=\"_ _1\"></span>\u2019ade<span class=\"_ _1\"></span>rent<span class=\"_ _1\"></span>e indip<span class=\"_ _1c\"></span>enden<span class=\"_ _1\"></span>temen<span class=\"_ _1\"></span>te d<span class=\"_ _1c\"></span>ai risul<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> di g<span class=\"_ _1\"></span>estio<span class=\"_ _1\"></span>ne.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Altri fondi per rischi ed<span class=\"_ _1\"></span> oneri<span class=\"ls1 ws1\"> </span>Gli altri fondi per r<span class=\"_ _0\"></span>ischi ed oneri accolgono gli accanton<span class=\"_ _0\"></span>amenti relativi ad obbligazioni legali o conne<span class=\"_ _0\"></span>ssi a r<span class=\"_ _0\"></span>apporti di<span class=\"_ _0\"></span> <span class=\"ls30 ws6d\">lavor<span class=\"_ _1c\"></span>o oppure a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tenzi<span class=\"_ _1c\"></span>osi, anch<span class=\"_ _1\"></span>e fisca<span class=\"_ _1\"></span>li, <span class=\"_ _1\"></span>origi<span class=\"_ _1\"></span>nati d<span class=\"_ _1\"></span>a un <span class=\"_ _1\"></span>evento p<span class=\"_ _1\"></span>ass<span class=\"_ _1\"></span>ato </span>per i quali s<span class=\"_ _0\"></span>ia probabile l\u2019esborso di r<span class=\"_ _0\"></span>isorse economiche pe<span class=\"_ _0\"></span>r l\u2019adempimento delle<span class=\"_ _0\"></span> obbligazioni stess<span class=\"_ _1\"></span>e, semp<span class=\"_ _1c\"></span>re che p<span class=\"_ _1c\"></span>ossa ess<span class=\"_ _1\"></span>ere ef<span class=\"_ _1\"></span>fettua<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>a u<span class=\"_ _1\"></span>na s<span class=\"_ _1\"></span>tima at<span class=\"_ _1\"></span>tendib<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> del r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>o am<span class=\"_ _1\"></span>montar<span class=\"_ _1\"></span><span class=\"ls2f ws54\">e<span class=\"_ _0\"></span>. Ta<span class=\"_ _0\"></span>li </span>fondi<span class=\"_ _1\"></span> inol<span class=\"_ _1\"></span>tre ac<span class=\"_ _1\"></span>colgo<span class=\"_ _1\"></span>no l\u2019ac<span class=\"_ _1c\"></span>cantona<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o deg<span class=\"_ _1\"></span>li oneri<span class=\"_ _1\"></span> del p<span class=\"_ _1c\"></span>ersonal<span class=\"_ _1\"></span>e per la<span class=\"_ _1\"></span> comp<span class=\"_ _1\"></span>onen<span class=\"_ _1\"></span>te di<span class=\"_ _1c\"></span> remunerazione var<span class=\"_ _0\"></span>iabile.<span class=\"ls1 ws1\"> </span>Conseg<span class=\"_ _1c\"></span>uentemen<span class=\"_ _1\"></span>te, la ril<span class=\"_ _1\"></span>evazio<span class=\"_ _1\"></span>ne di un acca<span class=\"_ _1\"></span>ntona<span class=\"_ _1\"></span>mento avv<span class=\"_ _1\"></span>iene se e s<span class=\"_ _1\"></span>olo se:<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws0\">vi \u00e8 un\u2019obbligazion<span class=\"_ _0\"></span>e in corso (legale o implicita) quale risult<span class=\"_ _0\"></span>ato di un evento passato;</span><span class=\"ff1\"> </span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws74\">\u00e8 probabile che per adem<span class=\"_ _0\"></span>piere all\u2019obbligazione si render\u00e0<span class=\"_ _0\"></span> necessario l\u2019impiego di risorse </span></span>atte a p<span class=\"_ _1c\"></span>rodurre b<span class=\"_ _1\"></span>enefi<span class=\"_ _1\"></span>ci econ<span class=\"_ _1\"></span>omici;<span class=\"_ _1\"></span> e<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws10a\">pu\u00f2 essere effettu<span class=\"_ _0\"></span>ata una stima attendibile dell\u2019im<span class=\"_ _0\"></span>porto derivante dall\u2019adempimento </span></span>dell\u2019obbligazio<span class=\"_ _0\"></span>ne.<span class=\"ls1 ws1\"> </span>L\u2019importo r<span class=\"_ _0\"></span>ilevato come accanton<span class=\"_ _0\"></span>amento rappresent<span class=\"_ _0\"></span>a la migliore st<span class=\"_ _0\"></span>ima della s<span class=\"_ _0\"></span>pesa richiesta per adempiere all\u2019o<span class=\"_ _0\"></span>bbligazione esistente alla data di riferimento del bilancio e riflette rischi ed incerte<span class=\"_ _0\"></span>zze che inevitabilmente caratterizzano una pluralit<span class=\"_ _0\"></span>\u00e0 di fa<span class=\"lsf ws12d\">t<span class=\"_ _1\"></span>ti e circ<span class=\"_ _1\"></span>osta<span class=\"_ _1c\"></span>nze. Ladd<span class=\"_ _1\"></span>ove<span class=\"_ _1c\"></span> </span>l\u2019elemento tempor<span class=\"_ _0\"></span>ale sia significativo, gli accanton<span class=\"_ _0\"></span>amenti vengono attualizzati utilizzando i tassi corr<span class=\"_ _1\"></span>enti d<span class=\"_ _1\"></span>i me<span class=\"_ _1c\"></span>rcato. <span class=\"_ _1\"></span>L\u2019ac<span class=\"_ _1\"></span>canto<span class=\"_ _1c\"></span>namen<span class=\"_ _1\"></span>to e gl<span class=\"_ _1\"></span>i i<span class=\"_ _1\"></span>ncrem<span class=\"_ _1c\"></span>enti do<span class=\"_ _1\"></span>vuti a<span class=\"_ _1\"></span>l fa<span class=\"_ _1\"></span>tto<span class=\"_ _1\"></span>re temp<span class=\"_ _1\"></span>oral<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>leva<span class=\"_ _1c\"></span>ti a Conto<span class=\"_ _0\"></span> Econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span>L\u2019accanton<span class=\"_ _0\"></span>amento viene stornato quando diviene<span class=\"_ _0\"></span> improbabile l\u2019impiego di r<span class=\"_ _0\"></span>isorse atte a produrr<span class=\"_ _0\"></span>e benefici e<span class=\"_ _0\"></span>conomici per a<span class=\"_ _0\"></span>dempiere l\u2019o<span class=\"_ _0\"></span>bbligazione oppur<span class=\"_ _0\"></span>e quando si e<span class=\"_ _0\"></span>stingue l\u2019obbligazione<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-670": {
   "value": "Fondi<span class=\"_ _0\"></span> per ris<span class=\"_ _0\"></span>chi ed o<span class=\"_ _0\"></span>neri<span class=\"ls1 ws1\"> </span>Fondi per rischi ed on<span class=\"_ _1\"></span>eri a fronte di impegni e gara<span class=\"_ _1\"></span>nzie rilasciate<span class=\"ls1 ws1\"> </span>La sottovoce dei fondi per rischi ed oneri in esame accoglie le g<span class=\"_ _1\"></span>aran<span class=\"_ _0\"></span>zie rilasciate dalla controllat<span class=\"_ _0\"></span>a Anima S<span class=\"_ _0\"></span>GR ai <span class=\"ls30 ws6d\">sottos<span class=\"_ _1\"></span>crit<span class=\"_ _1\"></span>tori p<span class=\"_ _1\"></span>er i co<span class=\"_ _1c\"></span>mparti de<span class=\"_ _1\"></span>l fond<span class=\"_ _1c\"></span>o pensi<span class=\"_ _1\"></span>one ap<span class=\"_ _1c\"></span>erto Arti<span class=\"_ _1\"></span> &amp; Mes<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ri </span>\u201cGaranzia 1+\u201d ed \u201cIncremento e Garanzia 5+\u201d, nonch\u00e9 per il comparto \u201cLinea Ga<span class=\"_ _1\"></span>rantit<span class=\"_ _0\"></span>a\u201d del<span class=\"_ _1\"></span> fond<span class=\"_ _1\"></span>o pen<span class=\"_ _1\"></span>sione<span class=\"_ _1\"></span> neg<span class=\"_ _1\"></span>ozia<span class=\"_ _1\"></span>le \u201cEx<span class=\"_ _1c\"></span>tenso\u201d <span class=\"_ _1\"></span>ricevu<span class=\"_ _1\"></span>to i<span class=\"_ _1\"></span>n del<span class=\"_ _1\"></span>ega, c<span class=\"_ _1\"></span>irca<span class=\"_ _1c\"></span> la corr<span class=\"_ _1\"></span>espons<span class=\"_ _1\"></span>ione<span class=\"_ _1c\"></span> di un i<span class=\"_ _1c\"></span>mporto<span class=\"_ _1\"></span> m<span class=\"lsf ws1f\">ini<span class=\"_ _1\"></span>mo, pa<span class=\"_ _1c\"></span>ri a qua<span class=\"_ _1\"></span>nto s<span class=\"_ _1c\"></span>ottosc<span class=\"_ _1\"></span>ritto<span class=\"_ _1\"></span> dall<span class=\"_ _1\"></span>\u2019ade<span class=\"_ _1\"></span>rent<span class=\"_ _1\"></span>e indip<span class=\"_ _1c\"></span>enden<span class=\"_ _1\"></span>temen<span class=\"_ _1\"></span>te d<span class=\"_ _1c\"></span>ai risul<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> di g<span class=\"_ _1\"></span>estio<span class=\"_ _1\"></span>ne.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Altri fondi per rischi ed<span class=\"_ _1\"></span> oneri<span class=\"ls1 ws1\"> </span>Gli altri fondi per r<span class=\"_ _0\"></span>ischi ed oneri accolgono gli accanton<span class=\"_ _0\"></span>amenti relativi ad obbligazioni legali o conne<span class=\"_ _0\"></span>ssi a r<span class=\"_ _0\"></span>apporti di<span class=\"_ _0\"></span> <span class=\"ls30 ws6d\">lavor<span class=\"_ _1c\"></span>o oppure a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tenzi<span class=\"_ _1c\"></span>osi, anch<span class=\"_ _1\"></span>e fisca<span class=\"_ _1\"></span>li, <span class=\"_ _1\"></span>origi<span class=\"_ _1\"></span>nati d<span class=\"_ _1\"></span>a un <span class=\"_ _1\"></span>evento p<span class=\"_ _1\"></span>ass<span class=\"_ _1\"></span>ato </span>per i quali s<span class=\"_ _0\"></span>ia probabile l\u2019esborso di r<span class=\"_ _0\"></span>isorse economiche pe<span class=\"_ _0\"></span>r l\u2019adempimento delle<span class=\"_ _0\"></span> obbligazioni stess<span class=\"_ _1\"></span>e, semp<span class=\"_ _1c\"></span>re che p<span class=\"_ _1c\"></span>ossa ess<span class=\"_ _1\"></span>ere ef<span class=\"_ _1\"></span>fettua<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>a u<span class=\"_ _1\"></span>na s<span class=\"_ _1\"></span>tima at<span class=\"_ _1\"></span>tendib<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> del r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>o am<span class=\"_ _1\"></span>montar<span class=\"_ _1\"></span><span class=\"ls2f ws54\">e<span class=\"_ _0\"></span>. Ta<span class=\"_ _0\"></span>li </span>fondi<span class=\"_ _1\"></span> inol<span class=\"_ _1\"></span>tre ac<span class=\"_ _1\"></span>colgo<span class=\"_ _1\"></span>no l\u2019ac<span class=\"_ _1c\"></span>cantona<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o deg<span class=\"_ _1\"></span>li oneri<span class=\"_ _1\"></span> del p<span class=\"_ _1c\"></span>ersonal<span class=\"_ _1\"></span>e per la<span class=\"_ _1\"></span> comp<span class=\"_ _1\"></span>onen<span class=\"_ _1\"></span>te di<span class=\"_ _1c\"></span> remunerazione var<span class=\"_ _0\"></span>iabile.<span class=\"ls1 ws1\"> </span>Conseg<span class=\"_ _1c\"></span>uentemen<span class=\"_ _1\"></span>te, la ril<span class=\"_ _1\"></span>evazio<span class=\"_ _1\"></span>ne di un acca<span class=\"_ _1\"></span>ntona<span class=\"_ _1\"></span>mento avv<span class=\"_ _1\"></span>iene se e s<span class=\"_ _1\"></span>olo se:<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws0\">vi \u00e8 un\u2019obbligazion<span class=\"_ _0\"></span>e in corso (legale o implicita) quale risult<span class=\"_ _0\"></span>ato di un evento passato;</span><span class=\"ff1\"> </span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws74\">\u00e8 probabile che per adem<span class=\"_ _0\"></span>piere all\u2019obbligazione si render\u00e0<span class=\"_ _0\"></span> necessario l\u2019impiego di risorse </span></span>atte a p<span class=\"_ _1c\"></span>rodurre b<span class=\"_ _1\"></span>enefi<span class=\"_ _1\"></span>ci econ<span class=\"_ _1\"></span>omici;<span class=\"_ _1\"></span> e<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws10a\">pu\u00f2 essere effettu<span class=\"_ _0\"></span>ata una stima attendibile dell\u2019im<span class=\"_ _0\"></span>porto derivante dall\u2019adempimento </span></span>dell\u2019obbligazio<span class=\"_ _0\"></span>ne.<span class=\"ls1 ws1\"> </span>L\u2019importo r<span class=\"_ _0\"></span>ilevato come accanton<span class=\"_ _0\"></span>amento rappresent<span class=\"_ _0\"></span>a la migliore st<span class=\"_ _0\"></span>ima della s<span class=\"_ _0\"></span>pesa richiesta per adempiere all\u2019o<span class=\"_ _0\"></span>bbligazione esistente alla data di riferimento del bilancio e riflette rischi ed incerte<span class=\"_ _0\"></span>zze che inevitabilmente caratterizzano una pluralit<span class=\"_ _0\"></span>\u00e0 di fa<span class=\"lsf ws12d\">t<span class=\"_ _1\"></span>ti e circ<span class=\"_ _1\"></span>osta<span class=\"_ _1c\"></span>nze. Ladd<span class=\"_ _1\"></span>ove<span class=\"_ _1c\"></span> </span>l\u2019elemento tempor<span class=\"_ _0\"></span>ale sia significativo, gli accanton<span class=\"_ _0\"></span>amenti vengono attualizzati utilizzando i tassi corr<span class=\"_ _1\"></span>enti d<span class=\"_ _1\"></span>i me<span class=\"_ _1c\"></span>rcato. <span class=\"_ _1\"></span>L\u2019ac<span class=\"_ _1\"></span>canto<span class=\"_ _1c\"></span>namen<span class=\"_ _1\"></span>to e gl<span class=\"_ _1\"></span>i i<span class=\"_ _1\"></span>ncrem<span class=\"_ _1c\"></span>enti do<span class=\"_ _1\"></span>vuti a<span class=\"_ _1\"></span>l fa<span class=\"_ _1\"></span>tto<span class=\"_ _1\"></span>re temp<span class=\"_ _1\"></span>oral<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>leva<span class=\"_ _1c\"></span>ti a Conto<span class=\"_ _0\"></span> Econom<span class=\"_ _0\"></span>ico.<span class=\"ls1 ws1\"> </span>L\u2019accanton<span class=\"_ _0\"></span>amento viene stornato quando diviene<span class=\"_ _0\"></span> improbabile l\u2019impiego di r<span class=\"_ _0\"></span>isorse atte a produrr<span class=\"_ _0\"></span>e benefici e<span class=\"_ _0\"></span>conomici per a<span class=\"_ _0\"></span>dempiere l\u2019o<span class=\"_ _0\"></span>bbligazione oppur<span class=\"_ _0\"></span>e quando si e<span class=\"_ _0\"></span>stingue l\u2019obbligazione<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-619": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs34a\">Altre pas<span class=\"_ _0\"></span>sivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs34b\">Le altre passivit<span class=\"_ _0\"></span>\u00e0 accolgono essenzialmente poste non riconducibili ad altre voci passive dello </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsb3 gs2be\">sta<span class=\"_ _1\"></span>to pat<span class=\"_ _1c\"></span>rimonia<span class=\"_ _1\"></span>le, <span class=\"_ _1\"></span>tra c<span class=\"_ _1c\"></span>ui si ri<span class=\"_ _1\"></span>corda<span class=\"_ _1c\"></span>no i d<span class=\"_ _1\"></span>ebi<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>riva<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>a fo<span class=\"_ _1\"></span>rnit<span class=\"_ _1\"></span>ure d<span class=\"_ _1\"></span>i b<span class=\"_ _1\"></span>eni e<span class=\"_ _1\"></span> serv<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span> non </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs34c\">finanziari,<span class=\"_ _0\"></span> i ratei passivi divers<span class=\"_ _0\"></span>i da quelli da capitalizzare sulle pertinenti pas<span class=\"_ _0\"></span>sivit\u00e0 finanziar<span class=\"_ _0\"></span>ie e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs2c0\">risconti pas<span class=\"_ _0\"></span>sivi.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-620": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs34e\">Capital<span class=\"_ _0\"></span>e e azi<span class=\"_ _0\"></span>oni pro<span class=\"_ _0\"></span>prie<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs1fa\">La voce c<span class=\"_ _0\"></span>apitale include l\u2019im<span class=\"_ _0\"></span>porto del capitale sottoscr<span class=\"_ _0\"></span>itto e versato alla data di bilan<span class=\"_ _0\"></span>cio (si </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs1fb\">segnala che come riportato nello<span class=\"_ _0\"></span> Statuto societario la durata della Societ<span class=\"_ _0\"></span>\u00e0 \u00e8 fissata sino al 31 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs1fc\">dicemb<span class=\"_ _1c\"></span>re 2050). <span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-19": {
   "value": "Capital<span class=\"_ _0\"></span>e e azi<span class=\"_ _0\"></span>oni pro<span class=\"_ _0\"></span>prie<span class=\"ls1 ws1\"> </span>La voce c<span class=\"_ _0\"></span>apitale include l\u2019im<span class=\"_ _0\"></span>porto del capitale sottoscr<span class=\"_ _0\"></span>itto e versato alla data di bilan<span class=\"_ _0\"></span>cio (si segnala che come riportato nello<span class=\"_ _0\"></span> Statuto societario la durata della Societ<span class=\"_ _0\"></span>\u00e0 \u00e8 fissata sino al 31 dicemb<span class=\"_ _1c\"></span>re 2050).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-649": {
   "value": "la durata della Societ\u00e0 \u00e8 fissata sino al 31 dicembre 2050).",
   "dimensions": {
    "concept": "ifrs-full:LengthOfLifeOfLimitedLifeEntity",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-650": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs350\">Ricon<span class=\"_ _0\"></span>osci<span class=\"_ _0\"></span>mento dei<span class=\"_ _0\"></span> ricavi e dei<span class=\"_ _0\"></span> costi<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs351\">Ricavi d\u2019esercizio<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs352\">Il riconoscimen<span class=\"_ _0\"></span>to dei ricavi avviene attr<span class=\"_ _0\"></span>averso le seguenti fasi:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs353\">1. identific<span class=\"_ _0\"></span>azione del contratto (o dei contr<span class=\"_ _0\"></span>atti) con il cliente;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs354\">2. individu<span class=\"_ _0\"></span>azione de<span class=\"_ _0\"></span>lle obbligazioni di<span class=\"_ _0\"></span> fare (o \u201cperformance<span class=\"_ _0\"></span> obligations<span class=\"_ _0\"></span>\u201d);<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws241 gs355\">3. det<span class=\"_ _1\"></span>ermina<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>rezzo d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>transa<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span>: il prez<span class=\"_ _1\"></span>zo del<span class=\"_ _1\"></span>la tra<span class=\"_ _1\"></span>nsazi<span class=\"_ _1\"></span>one \u00e8 l<span class=\"_ _1\"></span>\u2019impo<span class=\"_ _1\"></span>rto d<span class=\"_ _1\"></span>el </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs356\">corrispett<span class=\"_ _0\"></span>ivo a cui si ritiene di avere diritto in cambio del trasferimento al cliente dei servizi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls19 ws89 gs357\">promessi;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs358\">4. ripartizion<span class=\"_ _0\"></span>e del prezzo dell\u2019operaz<span class=\"_ _0\"></span>ione tra le \u201cperformance obligat<span class=\"_ _0\"></span>ions\u201d del contratto;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws6d gs359\">5. rico<span class=\"_ _1c\"></span>noscime<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>el rica<span class=\"_ _1\"></span>vo nel m<span class=\"_ _1c\"></span>omento d<span class=\"_ _1\"></span>el sodd<span class=\"_ _1\"></span>isfa<span class=\"_ _1\"></span>cime<span class=\"_ _1\"></span>nto dell<span class=\"_ _1\"></span>a \u201cperf<span class=\"_ _1c\"></span>ormanc<span class=\"_ _1\"></span>e oblig<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n\u201d; </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs35a\">specificatamen<span class=\"_ _0\"></span>te i ric<span class=\"_ _0\"></span>avi possono e<span class=\"_ _0\"></span>ssere riconosc<span class=\"_ _0\"></span>iuti:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs35b\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws82\">in un moment<span class=\"_ _0\"></span>o preciso, quan<span class=\"_ _0\"></span>do \u00e8 adempiuta l\u2019obbligazio<span class=\"_ _0\"></span>ne di fare<span class=\"_ _0\"></span> trasferen<span class=\"_ _0\"></span>do al cliente </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs35c\">il b<span class=\"_ _1\"></span>ene o se<span class=\"_ _1\"></span>rvizi<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>omess<span class=\"_ _1\"></span>o (\u201ca<span class=\"_ _1\"></span>t a poi<span class=\"_ _1\"></span>nt i<span class=\"_ _1\"></span>n time\u201d)<span class=\"_ _1c\"></span>, o<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs35d\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls31 ws5a\">ne<span class=\"_ _0\"></span>l corso del<span class=\"_ _0\"></span> tempo, mano a mano che<span class=\"_ _0\"></span> \u00e8 adempiuta<span class=\"_ _0\"></span> l\u2019obbliga<span class=\"_ _0\"></span>zione di f<span class=\"_ _0\"></span>are, tr<span class=\"_ _0\"></span>asferen<span class=\"_ _0\"></span>do </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs35e\">al cliente il bene<span class=\"_ _0\"></span> o servizio promesso (\u201cover<span class=\"_ _0\"></span> time\u201d).<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs35f\">Le societ<span class=\"_ _0\"></span>\u00e0 operative del Gr<span class=\"_ _0\"></span>uppo svolgono l\u2019att<span class=\"_ _0\"></span>ivit\u00e0 tipica de<span class=\"_ _0\"></span>lle societ\u00e0 di gest<span class=\"_ _0\"></span>ione del risparmio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs360\">e i ricav<span class=\"_ _0\"></span>i derivanti dall\u2019at<span class=\"_ _0\"></span>tivit\u00e0 di gest<span class=\"_ _0\"></span>ione dei prodott<span class=\"_ _0\"></span>i sono rappresentati principalm<span class=\"_ _0\"></span>ente dalle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs361\">commissioni di ge<span class=\"_ _0\"></span>stione, dalle commission<span class=\"_ _0\"></span>i di incentivo e<span class=\"ls1 ws1\"> </span>da quelle di collocamento.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs362\">Le commissioni di gestione e di incentivo sono collegate al valore di mercato degli AuM dei </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs363\">prodotti e al risu<span class=\"_ _0\"></span>ltato della loro gestione. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsdf gs364\">In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span>, la com<span class=\"_ _1\"></span>missi<span class=\"_ _1c\"></span>one di ges<span class=\"_ _1c\"></span>tione \u00e8 <span class=\"_ _1\"></span>calcol<span class=\"_ _1\"></span>ata p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e come p<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>entual<span class=\"_ _1c\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs365\">applicata<span class=\"_ _0\"></span> sul patrimon<span class=\"_ _0\"></span>io medio del singo<span class=\"_ _0\"></span>lo prodotto.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws6f gs366\">Le co<span class=\"_ _1\"></span>mmissi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i ince<span class=\"_ _1\"></span>ntivo, i<span class=\"_ _1c\"></span>nvece, ve<span class=\"_ _1\"></span>ngon<span class=\"_ _1\"></span>o ap<span class=\"_ _1\"></span>plica<span class=\"_ _1\"></span>te a tal<span class=\"_ _1\"></span>uni p<span class=\"_ _1\"></span>rodotti<span class=\"_ _1\"></span> e co<span class=\"_ _1\"></span>rrisp<span class=\"_ _1\"></span>oste a<span class=\"_ _1\"></span> favore<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs367\">dell<span class=\"_ _1\"></span>e soci<span class=\"_ _1c\"></span>et\u00e0 di<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>one sol<span class=\"_ _1c\"></span>o al rag<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>ungi<span class=\"_ _1\"></span>mento<span class=\"_ _1c\"></span> di dete<span class=\"_ _1c\"></span>rminati<span class=\"_ _1\"></span> obi<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>di re<span class=\"_ _1\"></span>ndim<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span>. In l<span class=\"_ _1\"></span>inea<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs368\">generale,<span class=\"_ _0\"></span> sono previste tre diffe<span class=\"_ _0\"></span>renti cr<span class=\"_ _0\"></span>iteri di applicazione<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span>della commiss<span class=\"_ _0\"></span>ione di incentivo<span class=\"_ _0\"></span> in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs369\">ragione della po<span class=\"_ _0\"></span>litica d\u2019invest<span class=\"_ _0\"></span>imento dei singoli fondi: (i) quando<span class=\"_ _0\"></span> la performance del prodotto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs36a\">supera nell\u2019anno solare oggetto<span class=\"_ _0\"></span> della verifica un indice di riferimento o un valore prestabilito o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws59 gs36b\">un ob<span class=\"_ _1\"></span>iettiv<span class=\"_ _1c\"></span>o di rend<span class=\"_ _1\"></span>ime<span class=\"_ _1c\"></span>nto<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws76\">(\u201ccommis<span class=\"_ _0\"></span>sione vs. benchmark\u201d),<span class=\"_ _0\"></span> (ii) quando  il valore<span class=\"_ _0\"></span> unitario de<span class=\"_ _0\"></span>lla </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws107 gs36c\">quota<span class=\"_ _1\"></span> del f<span class=\"_ _1\"></span>ondo s<span class=\"_ _1c\"></span>upera<span class=\"_ _1\"></span> quello<span class=\"_ _1\"></span> pi\u00f9 e<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>to ma<span class=\"_ _1\"></span>i rag<span class=\"_ _1\"></span>giun<span class=\"_ _1\"></span>to in p<span class=\"_ _1\"></span>reced<span class=\"_ _1c\"></span>enza (\u201cc<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>one hig<span class=\"_ _1c\"></span>h </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws97 gs36d\">watermark asso<span class=\"_ _0\"></span>luto\u201d) e (iii) quan<span class=\"_ _0\"></span>do il valore un<span class=\"_ _0\"></span>itario della quota sia su<span class=\"_ _0\"></span>periore al valor<span class=\"_ _0\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs36e\">dell'i<span class=\"ls0 ws7e\">ndic<span class=\"_ _0\"></span>e cui si intende fare<span class=\"_ _0\"></span> riferimento (o all'obiet<span class=\"_ _0\"></span>tivo di rendimento<span class=\"_ _0\"></span>) e la differenza rispetto </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws154 gs36f\">al p<span class=\"_ _1\"></span>arame<span class=\"_ _1\"></span>tro di<span class=\"_ _1c\"></span> confron<span class=\"_ _1c\"></span>to pres<span class=\"_ _1\"></span>celto<span class=\"_ _1\"></span> sia ma<span class=\"_ _1c\"></span>ggiore<span class=\"_ _1\"></span> di qu<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>mai <span class=\"_ _1\"></span>reali<span class=\"_ _1\"></span>zzata<span class=\"_ _1\"></span> in p<span class=\"_ _1\"></span>reced<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws29 gs370\">(\u201ccommissione high watermark relativo\u201d).<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsef gs371\">Infi<span class=\"_ _1\"></span>ne, le <span class=\"_ _1\"></span>commi<span class=\"_ _1\"></span>ssioni<span class=\"_ _1c\"></span> di colloc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto s<span class=\"_ _1\"></span>ono de<span class=\"_ _1\"></span>termi<span class=\"_ _1\"></span>nate, q<span class=\"_ _1\"></span>uand<span class=\"_ _1c\"></span>o previst<span class=\"_ _1\"></span>e, s<span class=\"_ _1\"></span>ul capi<span class=\"_ _1\"></span>tale<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs372\">comp<span class=\"_ _1\"></span>lessiva<span class=\"_ _1c\"></span>mente ra<span class=\"_ _1c\"></span>ccolto d<span class=\"_ _1\"></span>urant<span class=\"_ _1\"></span>e il \u201cP<span class=\"_ _1\"></span>eriod<span class=\"_ _1c\"></span>o di Col<span class=\"_ _1\"></span>loca<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o\u201d.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs373\">Le commission<span class=\"_ _0\"></span>i sono is<span class=\"_ _1\"></span>critte, sulla base<span class=\"_ _0\"></span> dell\u2019esistenza di accordi contrattu<span class=\"_ _0\"></span>ali, nel periodo in cui </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws157 gs374\">i serv<span class=\"_ _1\"></span>izi st<span class=\"_ _1\"></span>essi s<span class=\"_ _1c\"></span>ono stati<span class=\"_ _1\"></span> pres<span class=\"_ _1c\"></span>tati. In p<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span>cola<span class=\"_ _1\"></span>re, rap<span class=\"_ _1\"></span>pre<span class=\"_ _1c\"></span>sentand<span class=\"_ _1c\"></span>o la rem<span class=\"_ _1\"></span>unera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne pe<span class=\"_ _1\"></span>r </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs375\">specifiche<span class=\"_ _0\"></span> \u201cobbligazioni di fare\u201d,<span class=\"_ _0\"></span> adempiute nei confront<span class=\"_ _0\"></span>i dei Fon<span class=\"lsf ws6e\">di/P<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>rimoni<span class=\"_ _1\"></span> in un mom<span class=\"_ _1\"></span>ento<span class=\"_ _1c\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs376\">precis<span class=\"_ _1c\"></span>o, sono <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>te a Co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1\"></span>co \u201ca<span class=\"_ _1\"></span>t a p<span class=\"_ _1\"></span>oint i<span class=\"_ _1\"></span>n time\u201d<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs377\">I ricavi configur<span class=\"_ _0\"></span>ati da corrispettiv<span class=\"_ _0\"></span>i variabili (le commissioni di in<span class=\"_ _0\"></span>centivo) vengono rilevati a conto<span class=\"_ _0\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws87 gs378\">econo<span class=\"_ _1\"></span>mico se a<span class=\"_ _1c\"></span>ttendi<span class=\"_ _1\"></span>bilmen<span class=\"_ _1\"></span>te stima<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span> e unica<span class=\"_ _1c\"></span>mente se <span class=\"_ _1\"></span>\u00e8 altam<span class=\"_ _1\"></span>ente p<span class=\"_ _1\"></span>robab<span class=\"_ _1\"></span>ile che <span class=\"_ _1\"></span>tale </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wse2 gs379\">corri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>ttivo<span class=\"_ _1\"></span> non d<span class=\"_ _1c\"></span>ebba es<span class=\"_ _1c\"></span>sere, i<span class=\"_ _1c\"></span>n perio<span class=\"_ _1\"></span>di s<span class=\"_ _1\"></span>uccess<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>, in <span class=\"_ _1\"></span>tutto<span class=\"_ _1\"></span> o i<span class=\"_ _1\"></span><span class=\"ls0 ws74\">n una sua parte signific<span class=\"_ _0\"></span>ativa, </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gs37a\">stor<span class=\"_ _1\"></span>nato dal c<span class=\"_ _1\"></span>onto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1c\"></span>co.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs37b\">In caso di forte pre<span class=\"_ _0\"></span>valenza di fattori di incert<span class=\"_ _0\"></span>ezza sulla quantifica<span class=\"_ _0\"></span>zione del corrispettivo,<span class=\"_ _0\"></span> il </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws93 gs37c\">medes<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span> sar\u00e0 <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>to solo a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>momen<span class=\"_ _1\"></span>to in <span class=\"_ _1\"></span>cui ta<span class=\"_ _1\"></span>le i<span class=\"_ _1c\"></span>ncertezza<span class=\"_ _1c\"></span> verr\u00e0 <span class=\"_ _1\"></span>risol<span class=\"_ _1\"></span>ta. I<span class=\"_ _1\"></span>n pa<span class=\"_ _1\"></span>rticola<span class=\"_ _1c\"></span>re, le<span class=\"_ _1\"></span> </div>commissioni det<span class=\"_ _0\"></span>erminate con il meto<span class=\"_ _0\"></span>do \u201cbenchmark\u201d sono<span class=\"_ _0\"></span> rilevate nel conto economic<span class=\"_ _0\"></span>o della soci<span class=\"_ _1\"></span>et\u00e0 di<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>one sol<span class=\"_ _1\"></span>o al<span class=\"_ _1\"></span> termi<span class=\"_ _1c\"></span>ne dell<span class=\"_ _1\"></span>\u2019eserc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o, q<span class=\"_ _1\"></span>uando p<span class=\"_ _1c\"></span>ossono<span class=\"_ _1\"></span> consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>rsi defi<span class=\"_ _1\"></span>nitiva<span class=\"_ _1c\"></span>mente<span class=\"_ _1\"></span> mat<span class=\"_ _1\"></span>urate a<span class=\"_ _1\"></span> favo<span class=\"_ _1c\"></span>re dell<span class=\"_ _1\"></span>a ste<span class=\"_ _1\"></span>ssa.<span class=\"_ _4ac\"> </span>Costi d\u2019ese<span class=\"_ _1\"></span>rcizio<span class=\"ff1 fs4 ls1 ws1\"> </span>I cost<span class=\"_ _0\"></span>i d\u2019es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>izio<span class=\"ls1 ws1\"> <span class=\"_ _14\"> </span></span>sono decrem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i nei bene<span class=\"_ _0\"></span>fici ec<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>ici di com<span class=\"_ _0\"></span>peten<span class=\"_ _0\"></span>za dell<span class=\"_ _0\"></span>\u2019eser<span class=\"_ _0\"></span>cizio<span class=\"_ _0\"></span> amministr<span class=\"_ _0\"></span>ativo che si manifestano<span class=\"_ _0\"></span> sotto forma di flussi finanzia<span class=\"_ _0\"></span>ri in uscita o r<span class=\"_ _0\"></span>iduzione di valore di a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 o <span class=\"_ _1\"></span>sost<span class=\"_ _1\"></span>enim<span class=\"_ _1c\"></span>ento di p<span class=\"_ _1c\"></span>assivi<span class=\"_ _1\"></span>t\u00e0 ch<span class=\"_ _1c\"></span>e si co<span class=\"_ _1\"></span>ncre<span class=\"_ _1\"></span>tizza<span class=\"_ _1c\"></span>no in d<span class=\"_ _1\"></span>ecrem<span class=\"_ _1c\"></span>enti di<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rimo<span class=\"_ _1\"></span>nio<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls35 ws16\">netto, </span></span>diversi da quelli relat<span class=\"_ _0\"></span>ivi alle distribuzioni a coloro che partecipan<span class=\"_ _0\"></span>o al capitale. I costi comprendono anche le perdite<span class=\"_ _0\"></span>. I costi e le perdite sorgono nel cors<span class=\"_ _0\"></span>o dell\u2019attivit<span class=\"_ _0\"></span>\u00e0 ordinaria. <span class=\"ls1 ws1\"> </span>I costi sono cont<span class=\"_ _0\"></span>abilizzati secondo il principio<span class=\"_ _0\"></span> della competenza e quando sostenuti.<span class=\"ls1 ws1\"> </span>Un cos<span class=\"_ _1c\"></span>to \u00e8 con<span class=\"_ _1\"></span>sidera<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto q<span class=\"_ _1\"></span>uando<span class=\"_ _1c\"></span>:<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls1c ws26\">ne \u00e8 di<span class=\"_ _1\"></span>venu<span class=\"_ _1\"></span>ta certa<span class=\"_ _1\"></span> l\u2019esi<span class=\"_ _1c\"></span>stenza;<span class=\"ls1 ws1\"> </span></span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls30 ws27\">\u00e8 dete<span class=\"_ _1c\"></span>rminabil<span class=\"_ _1\"></span>e in <span class=\"_ _1\"></span>modo ob<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>tivo l<span class=\"_ _1\"></span>\u2019ammo<span class=\"_ _1c\"></span>ntare;<span class=\"ls1 ws1\"> </span></span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws77\">nella sostanza dell\u2019operazio<span class=\"_ _0\"></span>ne, \u00e8 possibile riscontare che <span class=\"ls30 ws5d\">l\u2019imp<span class=\"_ _1c\"></span>resa ha s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto qu<span class=\"_ _1\"></span>el cos<span class=\"_ _1\"></span>to </span></span></span>in base al principio<span class=\"_ _0\"></span> di competenza<span class=\"ls1 ws1\"> </span>Il costo di acquisto di merci e prodotti di consumo \u00e8 ricompreso in bilancio alla data del passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 coincidere<span class=\"_ _0\"></span> con la data di consegna degli stessi o, se anteriore, a<span class=\"_ _0\"></span>l momento del passaggio della propriet<span class=\"_ _0\"></span>\u00e0.<span class=\"ls1 ws1\"> </span>I costi<span class=\"_ _1\"></span> per i<span class=\"_ _1c\"></span>mposte i<span class=\"_ _1c\"></span>ndirett<span class=\"_ _1\"></span>e sorg<span class=\"_ _1c\"></span>ono al mo<span class=\"_ _1\"></span>mento d<span class=\"_ _1c\"></span>ell\u2019op<span class=\"_ _1\"></span>erazi<span class=\"_ _1\"></span>one co<span class=\"_ _1\"></span>mmerci<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>sogge<span class=\"_ _1\"></span>tta<span class=\"_ _1\"></span> all\u2019impos<span class=\"_ _0\"></span>izione.<span class=\"ls1 ws1\"> </span>I costi per<span class=\"_ _0\"></span> imposte dirette si manifest<span class=\"_ _0\"></span>ano al momento in cui viene determinato il relat<span class=\"_ _0\"></span>ivo presupposto,<span class=\"_ _0\"></span> cio\u00e8 in sede di ch<span class=\"_ _0\"></span>iusura del bilanc<span class=\"_ _0\"></span>io d\u2019esercizio; una<span class=\"_ _0\"></span> stima attendibile viene effettuata anch<span class=\"_ _0\"></span>e nella predisposizion<span class=\"_ _0\"></span>e delle situazioni infra<span class=\"ls1 ws1\">-<span class=\"ls35 ws16\">annu<span class=\"_ _0\"></span>ali.</span> </span>I costi sono valut<span class=\"_ _0\"></span>ati al fair value<span class=\"ls1 ws1\"> <span class=\"lse ws16\">dell\u2019<span class=\"_ _0\"></span>ammontare pagato<span class=\"_ _0\"></span> o da pagare.</span> </span>I cos<span class=\"_ _1\"></span>ti dei<span class=\"_ _1\"></span> serviz<span class=\"_ _1\"></span>i, in<span class=\"_ _1\"></span> quan<span class=\"_ _1\"></span>to re<span class=\"_ _1\"></span>munera<span class=\"_ _1c\"></span>zione di f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tori pr<span class=\"_ _1\"></span>odut<span class=\"_ _1\"></span>tivi, s<span class=\"_ _1\"></span>ono di<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span> dell\u2019eserc<span class=\"_ _0\"></span>izio nel quale i medesimi fatt<span class=\"_ _0\"></span>ori della produzione sono stati ut<span class=\"_ _0\"></span>ilizzati per consegu<span class=\"_ _0\"></span>ire i ricavi di vendita de<span class=\"_ _0\"></span>i prodotti e dei servizi. In merito alla rilevazi<span class=\"ls35 ws107\">one<span class=\"_ _0\"></span> dei costi sos<span class=\"_ _0\"></span>tenuti per le </span>presta<span class=\"_ _1\"></span>zioni d<span class=\"_ _1\"></span>i servi<span class=\"_ _1\"></span>zio,<span class=\"_ _1\"></span> general<span class=\"_ _1c\"></span>mente si f<span class=\"_ _1\"></span>a rif<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to alle <span class=\"_ _1\"></span>tempis<span class=\"_ _1\"></span>tich<span class=\"_ _1\"></span>e di pre<span class=\"_ _1\"></span>stazi<span class=\"_ _1\"></span>one del<span class=\"_ _1\"></span> ser<span class=\"_ _0\"></span>vizio<span class=\"_ _0\"></span> da parte<span class=\"_ _0\"></span> di enti<span class=\"_ _0\"></span>t\u00e0 ter<span class=\"_ _0\"></span>ze.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-621": {
   "value": "Ricon<span class=\"_ _0\"></span>osci<span class=\"_ _0\"></span>mento dei<span class=\"_ _0\"></span> ricavi e dei<span class=\"_ _0\"></span> costi<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Ricavi d\u2019esercizio<span class=\"ls1 ws1\"> </span>Il riconoscimen<span class=\"_ _0\"></span>to dei ricavi avviene attr<span class=\"_ _0\"></span>averso le seguenti fasi:<span class=\"ls1 ws1\"> </span>1. identific<span class=\"_ _0\"></span>azione del contratto (o dei contr<span class=\"_ _0\"></span>atti) con il cliente;<span class=\"ls1 ws1\"> </span>2. individu<span class=\"_ _0\"></span>azione de<span class=\"_ _0\"></span>lle obbligazioni di<span class=\"_ _0\"></span> fare (o \u201cperformance<span class=\"_ _0\"></span> obligations<span class=\"_ _0\"></span>\u201d);<span class=\"ls1 ws1\"> </span>3. det<span class=\"_ _1\"></span>ermina<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>rezzo d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>transa<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span>: il prez<span class=\"_ _1\"></span>zo del<span class=\"_ _1\"></span>la tra<span class=\"_ _1\"></span>nsazi<span class=\"_ _1\"></span>one \u00e8 l<span class=\"_ _1\"></span>\u2019impo<span class=\"_ _1\"></span>rto d<span class=\"_ _1\"></span>el corrispett<span class=\"_ _0\"></span>ivo a cui si ritiene di avere diritto in cambio del trasferimento al cliente dei servizi promessi;<span class=\"ls1 ws1\"> </span>4. ripartizion<span class=\"_ _0\"></span>e del prezzo dell\u2019operaz<span class=\"_ _0\"></span>ione tra le \u201cperformance obligat<span class=\"_ _0\"></span>ions\u201d del contratto;<span class=\"ls1 ws1\"> </span>5. rico<span class=\"_ _1c\"></span>noscime<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>el rica<span class=\"_ _1\"></span>vo nel m<span class=\"_ _1c\"></span>omento d<span class=\"_ _1\"></span>el sodd<span class=\"_ _1\"></span>isfa<span class=\"_ _1\"></span>cime<span class=\"_ _1\"></span>nto dell<span class=\"_ _1\"></span>a \u201cperf<span class=\"_ _1c\"></span>ormanc<span class=\"_ _1\"></span>e oblig<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n\u201d; specificatamen<span class=\"_ _0\"></span>te i ric<span class=\"_ _0\"></span>avi possono e<span class=\"_ _0\"></span>ssere riconosc<span class=\"_ _0\"></span>iuti:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws82\">in un moment<span class=\"_ _0\"></span>o preciso, quan<span class=\"_ _0\"></span>do \u00e8 adempiuta l\u2019obbligazio<span class=\"_ _0\"></span>ne di fare<span class=\"_ _0\"></span> trasferen<span class=\"_ _0\"></span>do al cliente </span></span>il b<span class=\"_ _1\"></span>ene o se<span class=\"_ _1\"></span>rvizi<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>omess<span class=\"_ _1\"></span>o (\u201ca<span class=\"_ _1\"></span>t a poi<span class=\"_ _1\"></span>nt i<span class=\"_ _1\"></span>n time\u201d)<span class=\"_ _1c\"></span>, o<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls31 ws5a\">ne<span class=\"_ _0\"></span>l corso del<span class=\"_ _0\"></span> tempo, mano a mano che<span class=\"_ _0\"></span> \u00e8 adempiuta<span class=\"_ _0\"></span> l\u2019obbliga<span class=\"_ _0\"></span>zione di f<span class=\"_ _0\"></span>are, tr<span class=\"_ _0\"></span>asferen<span class=\"_ _0\"></span>do </span></span>al cliente il bene<span class=\"_ _0\"></span> o servizio promesso (\u201cover<span class=\"_ _0\"></span> time\u201d).<span class=\"ls1 ws1\"> </span>Le societ<span class=\"_ _0\"></span>\u00e0 operative del Gr<span class=\"_ _0\"></span>uppo svolgono l\u2019att<span class=\"_ _0\"></span>ivit\u00e0 tipica de<span class=\"_ _0\"></span>lle societ\u00e0 di gest<span class=\"_ _0\"></span>ione del risparmio e i ricav<span class=\"_ _0\"></span>i derivanti dall\u2019at<span class=\"_ _0\"></span>tivit\u00e0 di gest<span class=\"_ _0\"></span>ione dei prodott<span class=\"_ _0\"></span>i sono rappresentati principalm<span class=\"_ _0\"></span>ente dalle commissioni di ge<span class=\"_ _0\"></span>stione, dalle commission<span class=\"_ _0\"></span>i di incentivo e<span class=\"ls1 ws1\"> </span>da quelle di collocamento.<span class=\"ls1 ws1\"> </span>Le commissioni di gestione e di incentivo sono collegate al valore di mercato degli AuM dei prodotti e al risu<span class=\"_ _0\"></span>ltato della loro gestione. <span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span>, la com<span class=\"_ _1\"></span>missi<span class=\"_ _1c\"></span>one di ges<span class=\"_ _1c\"></span>tione \u00e8 <span class=\"_ _1\"></span>calcol<span class=\"_ _1\"></span>ata p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e come p<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>entual<span class=\"_ _1c\"></span>e applicata<span class=\"_ _0\"></span> sul patrimon<span class=\"_ _0\"></span>io medio del singo<span class=\"_ _0\"></span>lo prodotto.<span class=\"ls1 ws1\"> </span>Le co<span class=\"_ _1\"></span>mmissi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i ince<span class=\"_ _1\"></span>ntivo, i<span class=\"_ _1c\"></span>nvece, ve<span class=\"_ _1\"></span>ngon<span class=\"_ _1\"></span>o ap<span class=\"_ _1\"></span>plica<span class=\"_ _1\"></span>te a tal<span class=\"_ _1\"></span>uni p<span class=\"_ _1\"></span>rodotti<span class=\"_ _1\"></span> e co<span class=\"_ _1\"></span>rrisp<span class=\"_ _1\"></span>oste a<span class=\"_ _1\"></span> favore<span class=\"_ _1c\"></span> dell<span class=\"_ _1\"></span>e soci<span class=\"_ _1c\"></span>et\u00e0 di<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>one sol<span class=\"_ _1c\"></span>o al rag<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>ungi<span class=\"_ _1\"></span>mento<span class=\"_ _1c\"></span> di dete<span class=\"_ _1c\"></span>rminati<span class=\"_ _1\"></span> obi<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>di re<span class=\"_ _1\"></span>ndim<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span>. In l<span class=\"_ _1\"></span>inea<span class=\"_ _1c\"></span> generale,<span class=\"_ _0\"></span> sono previste tre diffe<span class=\"_ _0\"></span>renti cr<span class=\"_ _0\"></span>iteri di applicazione<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span>della commiss<span class=\"_ _0\"></span>ione di incentivo<span class=\"_ _0\"></span> in ragione della po<span class=\"_ _0\"></span>litica d\u2019invest<span class=\"_ _0\"></span>imento dei singoli fondi: (i) quando<span class=\"_ _0\"></span> la performance del prodotto supera nell\u2019anno solare oggetto<span class=\"_ _0\"></span> della verifica un indice di riferimento o un valore prestabilito o un ob<span class=\"_ _1\"></span>iettiv<span class=\"_ _1c\"></span>o di rend<span class=\"_ _1\"></span>ime<span class=\"_ _1c\"></span>nto<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws76\">(\u201ccommis<span class=\"_ _0\"></span>sione vs. benchmark\u201d),<span class=\"_ _0\"></span> (ii) quando  il valore<span class=\"_ _0\"></span> unitario de<span class=\"_ _0\"></span>lla </span></span>quota<span class=\"_ _1\"></span> del f<span class=\"_ _1\"></span>ondo s<span class=\"_ _1c\"></span>upera<span class=\"_ _1\"></span> quello<span class=\"_ _1\"></span> pi\u00f9 e<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>to ma<span class=\"_ _1\"></span>i rag<span class=\"_ _1\"></span>giun<span class=\"_ _1\"></span>to in p<span class=\"_ _1\"></span>reced<span class=\"_ _1c\"></span>enza (\u201cc<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>one hig<span class=\"_ _1c\"></span>h watermark asso<span class=\"_ _0\"></span>luto\u201d) e (iii) quan<span class=\"_ _0\"></span>do il valore un<span class=\"_ _0\"></span>itario della quota sia su<span class=\"_ _0\"></span>periore al valor<span class=\"_ _0\"></span>e dell'i<span class=\"ls0 ws7e\">ndic<span class=\"_ _0\"></span>e cui si intende fare<span class=\"_ _0\"></span> riferimento (o all'obiet<span class=\"_ _0\"></span>tivo di rendimento<span class=\"_ _0\"></span>) e la differenza rispetto </span>al p<span class=\"_ _1\"></span>arame<span class=\"_ _1\"></span>tro di<span class=\"_ _1c\"></span> confron<span class=\"_ _1c\"></span>to pres<span class=\"_ _1\"></span>celto<span class=\"_ _1\"></span> sia ma<span class=\"_ _1c\"></span>ggiore<span class=\"_ _1\"></span> di qu<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>mai <span class=\"_ _1\"></span>reali<span class=\"_ _1\"></span>zzata<span class=\"_ _1\"></span> in p<span class=\"_ _1\"></span>reced<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a (\u201ccommissione high watermark relativo\u201d).<span class=\"ls1 ws1\"> </span>Infi<span class=\"_ _1\"></span>ne, le <span class=\"_ _1\"></span>commi<span class=\"_ _1\"></span>ssioni<span class=\"_ _1c\"></span> di colloc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto s<span class=\"_ _1\"></span>ono de<span class=\"_ _1\"></span>termi<span class=\"_ _1\"></span>nate, q<span class=\"_ _1\"></span>uand<span class=\"_ _1c\"></span>o previst<span class=\"_ _1\"></span>e, s<span class=\"_ _1\"></span>ul capi<span class=\"_ _1\"></span>tale<span class=\"_ _1\"></span> comp<span class=\"_ _1\"></span>lessiva<span class=\"_ _1c\"></span>mente ra<span class=\"_ _1c\"></span>ccolto d<span class=\"_ _1\"></span>urant<span class=\"_ _1\"></span>e il \u201cP<span class=\"_ _1\"></span>eriod<span class=\"_ _1c\"></span>o di Col<span class=\"_ _1\"></span>loca<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o\u201d.<span class=\"ls1 ws1\"> </span>Le commission<span class=\"_ _0\"></span>i sono is<span class=\"_ _1\"></span>critte, sulla base<span class=\"_ _0\"></span> dell\u2019esistenza di accordi contrattu<span class=\"_ _0\"></span>ali, nel periodo in cui i serv<span class=\"_ _1\"></span>izi st<span class=\"_ _1\"></span>essi s<span class=\"_ _1c\"></span>ono stati<span class=\"_ _1\"></span> pres<span class=\"_ _1c\"></span>tati. In p<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span>cola<span class=\"_ _1\"></span>re, rap<span class=\"_ _1\"></span>pre<span class=\"_ _1c\"></span>sentand<span class=\"_ _1c\"></span>o la rem<span class=\"_ _1\"></span>unera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne pe<span class=\"_ _1\"></span>r specifiche<span class=\"_ _0\"></span> \u201cobbligazioni di fare\u201d,<span class=\"_ _0\"></span> adempiute nei confront<span class=\"_ _0\"></span>i dei Fon<span class=\"lsf ws6e\">di/P<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>rimoni<span class=\"_ _1\"></span> in un mom<span class=\"_ _1\"></span>ento<span class=\"_ _1c\"></span> </span>precis<span class=\"_ _1c\"></span>o, sono <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>te a Co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1\"></span>co \u201ca<span class=\"_ _1\"></span>t a p<span class=\"_ _1\"></span>oint i<span class=\"_ _1\"></span>n time\u201d<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>I ricavi configur<span class=\"_ _0\"></span>ati da corrispettiv<span class=\"_ _0\"></span>i variabili (le commissioni di in<span class=\"_ _0\"></span>centivo) vengono rilevati a conto<span class=\"_ _0\"></span> econo<span class=\"_ _1\"></span>mico se a<span class=\"_ _1c\"></span>ttendi<span class=\"_ _1\"></span>bilmen<span class=\"_ _1\"></span>te stima<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span> e unica<span class=\"_ _1c\"></span>mente se <span class=\"_ _1\"></span>\u00e8 altam<span class=\"_ _1\"></span>ente p<span class=\"_ _1\"></span>robab<span class=\"_ _1\"></span>ile che <span class=\"_ _1\"></span>tale corri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>ttivo<span class=\"_ _1\"></span> non d<span class=\"_ _1c\"></span>ebba es<span class=\"_ _1c\"></span>sere, i<span class=\"_ _1c\"></span>n perio<span class=\"_ _1\"></span>di s<span class=\"_ _1\"></span>uccess<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>, in <span class=\"_ _1\"></span>tutto<span class=\"_ _1\"></span> o i<span class=\"_ _1\"></span><span class=\"ls0 ws74\">n una sua parte signific<span class=\"_ _0\"></span>ativa, </span>stor<span class=\"_ _1\"></span>nato dal c<span class=\"_ _1\"></span>onto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1c\"></span>co.<span class=\"ls1 ws1\"> </span>In caso di forte pre<span class=\"_ _0\"></span>valenza di fattori di incert<span class=\"_ _0\"></span>ezza sulla quantifica<span class=\"_ _0\"></span>zione del corrispettivo,<span class=\"_ _0\"></span> il medes<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span> sar\u00e0 <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>to solo a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>momen<span class=\"_ _1\"></span>to in <span class=\"_ _1\"></span>cui ta<span class=\"_ _1\"></span>le i<span class=\"_ _1c\"></span>ncertezza<span class=\"_ _1c\"></span> verr\u00e0 <span class=\"_ _1\"></span>risol<span class=\"_ _1\"></span>ta. I<span class=\"_ _1\"></span>n pa<span class=\"_ _1\"></span>rticola<span class=\"_ _1c\"></span>re, le<span class=\"_ _1\"></span> <div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs37e\">commissioni det<span class=\"_ _0\"></span>erminate con il meto<span class=\"_ _0\"></span>do \u201cbenchmark\u201d sono<span class=\"_ _0\"></span> rilevate nel conto economic<span class=\"_ _0\"></span>o della </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsc3 gs37f\">soci<span class=\"_ _1\"></span>et\u00e0 di<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>one sol<span class=\"_ _1\"></span>o al<span class=\"_ _1\"></span> termi<span class=\"_ _1c\"></span>ne dell<span class=\"_ _1\"></span>\u2019eserc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o, q<span class=\"_ _1\"></span>uando p<span class=\"_ _1c\"></span>ossono<span class=\"_ _1\"></span> consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>rsi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs380\">defi<span class=\"_ _1\"></span>nitiva<span class=\"_ _1c\"></span>mente<span class=\"_ _1\"></span> mat<span class=\"_ _1\"></span>urate a<span class=\"_ _1\"></span> favo<span class=\"_ _1c\"></span>re dell<span class=\"_ _1\"></span>a ste<span class=\"_ _1\"></span>ssa.<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-20": {
   "value": "Ricon<span class=\"_ _0\"></span>osci<span class=\"_ _0\"></span>mento dei<span class=\"_ _0\"></span> ricavi e dei<span class=\"_ _0\"></span> costi<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Ricavi d\u2019esercizio<span class=\"ls1 ws1\"> </span>Il riconoscimen<span class=\"_ _0\"></span>to dei ricavi avviene attr<span class=\"_ _0\"></span>averso le seguenti fasi:<span class=\"ls1 ws1\"> </span>1. identific<span class=\"_ _0\"></span>azione del contratto (o dei contr<span class=\"_ _0\"></span>atti) con il cliente;<span class=\"ls1 ws1\"> </span>2. individu<span class=\"_ _0\"></span>azione de<span class=\"_ _0\"></span>lle obbligazioni di<span class=\"_ _0\"></span> fare (o \u201cperformance<span class=\"_ _0\"></span> obligations<span class=\"_ _0\"></span>\u201d);<span class=\"ls1 ws1\"> </span>3. det<span class=\"_ _1\"></span>ermina<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>rezzo d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>transa<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span>: il prez<span class=\"_ _1\"></span>zo del<span class=\"_ _1\"></span>la tra<span class=\"_ _1\"></span>nsazi<span class=\"_ _1\"></span>one \u00e8 l<span class=\"_ _1\"></span>\u2019impo<span class=\"_ _1\"></span>rto d<span class=\"_ _1\"></span>el corrispett<span class=\"_ _0\"></span>ivo a cui si ritiene di avere diritto in cambio del trasferimento al cliente dei servizi promessi;<span class=\"ls1 ws1\"> </span>4. ripartizion<span class=\"_ _0\"></span>e del prezzo dell\u2019operaz<span class=\"_ _0\"></span>ione tra le \u201cperformance obligat<span class=\"_ _0\"></span>ions\u201d del contratto;<span class=\"ls1 ws1\"> </span>5. rico<span class=\"_ _1c\"></span>noscime<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>el rica<span class=\"_ _1\"></span>vo nel m<span class=\"_ _1c\"></span>omento d<span class=\"_ _1\"></span>el sodd<span class=\"_ _1\"></span>isfa<span class=\"_ _1\"></span>cime<span class=\"_ _1\"></span>nto dell<span class=\"_ _1\"></span>a \u201cperf<span class=\"_ _1c\"></span>ormanc<span class=\"_ _1\"></span>e oblig<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n\u201d; specificatamen<span class=\"_ _0\"></span>te i ric<span class=\"_ _0\"></span>avi possono e<span class=\"_ _0\"></span>ssere riconosc<span class=\"_ _0\"></span>iuti:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws82\">in un moment<span class=\"_ _0\"></span>o preciso, quan<span class=\"_ _0\"></span>do \u00e8 adempiuta l\u2019obbligazio<span class=\"_ _0\"></span>ne di fare<span class=\"_ _0\"></span> trasferen<span class=\"_ _0\"></span>do al cliente </span></span>il b<span class=\"_ _1\"></span>ene o se<span class=\"_ _1\"></span>rvizi<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>omess<span class=\"_ _1\"></span>o (\u201ca<span class=\"_ _1\"></span>t a poi<span class=\"_ _1\"></span>nt i<span class=\"_ _1\"></span>n time\u201d)<span class=\"_ _1c\"></span>, o<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls31 ws5a\">ne<span class=\"_ _0\"></span>l corso del<span class=\"_ _0\"></span> tempo, mano a mano che<span class=\"_ _0\"></span> \u00e8 adempiuta<span class=\"_ _0\"></span> l\u2019obbliga<span class=\"_ _0\"></span>zione di f<span class=\"_ _0\"></span>are, tr<span class=\"_ _0\"></span>asferen<span class=\"_ _0\"></span>do </span></span>al cliente il bene<span class=\"_ _0\"></span> o servizio promesso (\u201cover<span class=\"_ _0\"></span> time\u201d).<span class=\"ls1 ws1\"> </span>Le societ<span class=\"_ _0\"></span>\u00e0 operative del Gr<span class=\"_ _0\"></span>uppo svolgono l\u2019att<span class=\"_ _0\"></span>ivit\u00e0 tipica de<span class=\"_ _0\"></span>lle societ\u00e0 di gest<span class=\"_ _0\"></span>ione del risparmio e i ricav<span class=\"_ _0\"></span>i derivanti dall\u2019at<span class=\"_ _0\"></span>tivit\u00e0 di gest<span class=\"_ _0\"></span>ione dei prodott<span class=\"_ _0\"></span>i sono rappresentati principalm<span class=\"_ _0\"></span>ente dalle commissioni di ge<span class=\"_ _0\"></span>stione, dalle commission<span class=\"_ _0\"></span>i di incentivo e<span class=\"ls1 ws1\"> </span>da quelle di collocamento.<span class=\"ls1 ws1\"> </span>Le commissioni di gestione e di incentivo sono collegate al valore di mercato degli AuM dei prodotti e al risu<span class=\"_ _0\"></span>ltato della loro gestione. <span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span>, la com<span class=\"_ _1\"></span>missi<span class=\"_ _1c\"></span>one di ges<span class=\"_ _1c\"></span>tione \u00e8 <span class=\"_ _1\"></span>calcol<span class=\"_ _1\"></span>ata p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e come p<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>entual<span class=\"_ _1c\"></span>e applicata<span class=\"_ _0\"></span> sul patrimon<span class=\"_ _0\"></span>io medio del singo<span class=\"_ _0\"></span>lo prodotto.<span class=\"ls1 ws1\"> </span>Le co<span class=\"_ _1\"></span>mmissi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i ince<span class=\"_ _1\"></span>ntivo, i<span class=\"_ _1c\"></span>nvece, ve<span class=\"_ _1\"></span>ngon<span class=\"_ _1\"></span>o ap<span class=\"_ _1\"></span>plica<span class=\"_ _1\"></span>te a tal<span class=\"_ _1\"></span>uni p<span class=\"_ _1\"></span>rodotti<span class=\"_ _1\"></span> e co<span class=\"_ _1\"></span>rrisp<span class=\"_ _1\"></span>oste a<span class=\"_ _1\"></span> favore<span class=\"_ _1c\"></span> dell<span class=\"_ _1\"></span>e soci<span class=\"_ _1c\"></span>et\u00e0 di<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>one sol<span class=\"_ _1c\"></span>o al rag<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>ungi<span class=\"_ _1\"></span>mento<span class=\"_ _1c\"></span> di dete<span class=\"_ _1c\"></span>rminati<span class=\"_ _1\"></span> obi<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>di re<span class=\"_ _1\"></span>ndim<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span>. In l<span class=\"_ _1\"></span>inea<span class=\"_ _1c\"></span> generale,<span class=\"_ _0\"></span> sono previste tre diffe<span class=\"_ _0\"></span>renti cr<span class=\"_ _0\"></span>iteri di applicazione<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span>della commiss<span class=\"_ _0\"></span>ione di incentivo<span class=\"_ _0\"></span> in ragione della po<span class=\"_ _0\"></span>litica d\u2019invest<span class=\"_ _0\"></span>imento dei singoli fondi: (i) quando<span class=\"_ _0\"></span> la performance del prodotto supera nell\u2019anno solare oggetto<span class=\"_ _0\"></span> della verifica un indice di riferimento o un valore prestabilito o un ob<span class=\"_ _1\"></span>iettiv<span class=\"_ _1c\"></span>o di rend<span class=\"_ _1\"></span>ime<span class=\"_ _1c\"></span>nto<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws76\">(\u201ccommis<span class=\"_ _0\"></span>sione vs. benchmark\u201d),<span class=\"_ _0\"></span> (ii) quando  il valore<span class=\"_ _0\"></span> unitario de<span class=\"_ _0\"></span>lla </span></span>quota<span class=\"_ _1\"></span> del f<span class=\"_ _1\"></span>ondo s<span class=\"_ _1c\"></span>upera<span class=\"_ _1\"></span> quello<span class=\"_ _1\"></span> pi\u00f9 e<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>to ma<span class=\"_ _1\"></span>i rag<span class=\"_ _1\"></span>giun<span class=\"_ _1\"></span>to in p<span class=\"_ _1\"></span>reced<span class=\"_ _1c\"></span>enza (\u201cc<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>one hig<span class=\"_ _1c\"></span>h watermark asso<span class=\"_ _0\"></span>luto\u201d) e (iii) quan<span class=\"_ _0\"></span>do il valore un<span class=\"_ _0\"></span>itario della quota sia su<span class=\"_ _0\"></span>periore al valor<span class=\"_ _0\"></span>e dell'i<span class=\"ls0 ws7e\">ndic<span class=\"_ _0\"></span>e cui si intende fare<span class=\"_ _0\"></span> riferimento (o all'obiet<span class=\"_ _0\"></span>tivo di rendimento<span class=\"_ _0\"></span>) e la differenza rispetto </span>al p<span class=\"_ _1\"></span>arame<span class=\"_ _1\"></span>tro di<span class=\"_ _1c\"></span> confron<span class=\"_ _1c\"></span>to pres<span class=\"_ _1\"></span>celto<span class=\"_ _1\"></span> sia ma<span class=\"_ _1c\"></span>ggiore<span class=\"_ _1\"></span> di qu<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>mai <span class=\"_ _1\"></span>reali<span class=\"_ _1\"></span>zzata<span class=\"_ _1\"></span> in p<span class=\"_ _1\"></span>reced<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a (\u201ccommissione high watermark relativo\u201d).<span class=\"ls1 ws1\"> </span>Infi<span class=\"_ _1\"></span>ne, le <span class=\"_ _1\"></span>commi<span class=\"_ _1\"></span>ssioni<span class=\"_ _1c\"></span> di colloc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto s<span class=\"_ _1\"></span>ono de<span class=\"_ _1\"></span>termi<span class=\"_ _1\"></span>nate, q<span class=\"_ _1\"></span>uand<span class=\"_ _1c\"></span>o previst<span class=\"_ _1\"></span>e, s<span class=\"_ _1\"></span>ul capi<span class=\"_ _1\"></span>tale<span class=\"_ _1\"></span> comp<span class=\"_ _1\"></span>lessiva<span class=\"_ _1c\"></span>mente ra<span class=\"_ _1c\"></span>ccolto d<span class=\"_ _1\"></span>urant<span class=\"_ _1\"></span>e il \u201cP<span class=\"_ _1\"></span>eriod<span class=\"_ _1c\"></span>o di Col<span class=\"_ _1\"></span>loca<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o\u201d.<span class=\"ls1 ws1\"> </span>Le commission<span class=\"_ _0\"></span>i sono is<span class=\"_ _1\"></span>critte, sulla base<span class=\"_ _0\"></span> dell\u2019esistenza di accordi contrattu<span class=\"_ _0\"></span>ali, nel periodo in cui i serv<span class=\"_ _1\"></span>izi st<span class=\"_ _1\"></span>essi s<span class=\"_ _1c\"></span>ono stati<span class=\"_ _1\"></span> pres<span class=\"_ _1c\"></span>tati. In p<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span>cola<span class=\"_ _1\"></span>re, rap<span class=\"_ _1\"></span>pre<span class=\"_ _1c\"></span>sentand<span class=\"_ _1c\"></span>o la rem<span class=\"_ _1\"></span>unera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne pe<span class=\"_ _1\"></span>r specifiche<span class=\"_ _0\"></span> \u201cobbligazioni di fare\u201d,<span class=\"_ _0\"></span> adempiute nei confront<span class=\"_ _0\"></span>i dei Fon<span class=\"lsf ws6e\">di/P<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>rimoni<span class=\"_ _1\"></span> in un mom<span class=\"_ _1\"></span>ento<span class=\"_ _1c\"></span> </span>precis<span class=\"_ _1c\"></span>o, sono <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>te a Co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1\"></span>co \u201ca<span class=\"_ _1\"></span>t a p<span class=\"_ _1\"></span>oint i<span class=\"_ _1\"></span>n time\u201d<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>I ricavi configur<span class=\"_ _0\"></span>ati da corrispettiv<span class=\"_ _0\"></span>i variabili (le commissioni di in<span class=\"_ _0\"></span>centivo) vengono rilevati a conto<span class=\"_ _0\"></span> econo<span class=\"_ _1\"></span>mico se a<span class=\"_ _1c\"></span>ttendi<span class=\"_ _1\"></span>bilmen<span class=\"_ _1\"></span>te stima<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span> e unica<span class=\"_ _1c\"></span>mente se <span class=\"_ _1\"></span>\u00e8 altam<span class=\"_ _1\"></span>ente p<span class=\"_ _1\"></span>robab<span class=\"_ _1\"></span>ile che <span class=\"_ _1\"></span>tale corri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>ttivo<span class=\"_ _1\"></span> non d<span class=\"_ _1c\"></span>ebba es<span class=\"_ _1c\"></span>sere, i<span class=\"_ _1c\"></span>n perio<span class=\"_ _1\"></span>di s<span class=\"_ _1\"></span>uccess<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>, in <span class=\"_ _1\"></span>tutto<span class=\"_ _1\"></span> o i<span class=\"_ _1\"></span><span class=\"ls0 ws74\">n una sua parte signific<span class=\"_ _0\"></span>ativa, </span>stor<span class=\"_ _1\"></span>nato dal c<span class=\"_ _1\"></span>onto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1c\"></span>co.<span class=\"ls1 ws1\"> </span>In caso di forte pre<span class=\"_ _0\"></span>valenza di fattori di incert<span class=\"_ _0\"></span>ezza sulla quantifica<span class=\"_ _0\"></span>zione del corrispettivo,<span class=\"_ _0\"></span> il medes<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span> sar\u00e0 <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>to solo a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>momen<span class=\"_ _1\"></span>to in <span class=\"_ _1\"></span>cui ta<span class=\"_ _1\"></span>le i<span class=\"_ _1c\"></span>ncertezza<span class=\"_ _1c\"></span> verr\u00e0 <span class=\"_ _1\"></span>risol<span class=\"_ _1\"></span>ta. I<span class=\"_ _1\"></span>n pa<span class=\"_ _1\"></span>rticola<span class=\"_ _1c\"></span>re, le<span class=\"_ _1\"></span> commissioni det<span class=\"_ _0\"></span>erminate con il meto<span class=\"_ _0\"></span>do \u201cbenchmark\u201d sono<span class=\"_ _0\"></span> rilevate nel conto economic<span class=\"_ _0\"></span>o della soci<span class=\"_ _1\"></span>et\u00e0 di<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>one sol<span class=\"_ _1\"></span>o al<span class=\"_ _1\"></span> termi<span class=\"_ _1c\"></span>ne dell<span class=\"_ _1\"></span>\u2019eserc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o, q<span class=\"_ _1\"></span>uando p<span class=\"_ _1c\"></span>ossono<span class=\"_ _1\"></span> consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>rsi defi<span class=\"_ _1\"></span>nitiva<span class=\"_ _1c\"></span>mente<span class=\"_ _1\"></span> mat<span class=\"_ _1\"></span>urate a<span class=\"_ _1\"></span> favo<span class=\"_ _1c\"></span>re dell<span class=\"_ _1\"></span>a ste<span class=\"_ _1\"></span>ssa.<span class=\"_ _4ac\"> </span>Costi d\u2019ese<span class=\"_ _1\"></span>rcizio<span class=\"ff1 fs4 ls1 ws1\"> </span>I cost<span class=\"_ _0\"></span>i d\u2019es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>izio<span class=\"ls1 ws1\"> <span class=\"_ _14\"> </span></span>sono decrem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i nei bene<span class=\"_ _0\"></span>fici ec<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>ici di com<span class=\"_ _0\"></span>peten<span class=\"_ _0\"></span>za dell<span class=\"_ _0\"></span>\u2019eser<span class=\"_ _0\"></span>cizio<span class=\"_ _0\"></span> amministr<span class=\"_ _0\"></span>ativo che si manifestano<span class=\"_ _0\"></span> sotto forma di flussi finanzia<span class=\"_ _0\"></span>ri in uscita o r<span class=\"_ _0\"></span>iduzione di valore di a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 o <span class=\"_ _1\"></span>sost<span class=\"_ _1\"></span>enim<span class=\"_ _1c\"></span>ento di p<span class=\"_ _1c\"></span>assivi<span class=\"_ _1\"></span>t\u00e0 ch<span class=\"_ _1c\"></span>e si co<span class=\"_ _1\"></span>ncre<span class=\"_ _1\"></span>tizza<span class=\"_ _1c\"></span>no in d<span class=\"_ _1\"></span>ecrem<span class=\"_ _1c\"></span>enti di<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rimo<span class=\"_ _1\"></span>nio<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls35 ws16\">netto, </span></span>diversi da quelli relat<span class=\"_ _0\"></span>ivi alle distribuzioni a coloro che partecipan<span class=\"_ _0\"></span>o al capitale. I costi comprendono anche le perdite<span class=\"_ _0\"></span>. I costi e le perdite sorgono nel cors<span class=\"_ _0\"></span>o dell\u2019attivit<span class=\"_ _0\"></span>\u00e0 ordinaria. <span class=\"ls1 ws1\"> </span>I costi sono cont<span class=\"_ _0\"></span>abilizzati secondo il principio<span class=\"_ _0\"></span> della competenza e quando sostenuti.<span class=\"ls1 ws1\"> </span>Un cos<span class=\"_ _1c\"></span>to \u00e8 con<span class=\"_ _1\"></span>sidera<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto q<span class=\"_ _1\"></span>uando<span class=\"_ _1c\"></span>:<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls1c ws26\">ne \u00e8 di<span class=\"_ _1\"></span>venu<span class=\"_ _1\"></span>ta certa<span class=\"_ _1\"></span> l\u2019esi<span class=\"_ _1c\"></span>stenza;<span class=\"ls1 ws1\"> </span></span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls30 ws27\">\u00e8 dete<span class=\"_ _1c\"></span>rminabil<span class=\"_ _1\"></span>e in <span class=\"_ _1\"></span>modo ob<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>tivo l<span class=\"_ _1\"></span>\u2019ammo<span class=\"_ _1c\"></span>ntare;<span class=\"ls1 ws1\"> </span></span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws77\">nella sostanza dell\u2019operazio<span class=\"_ _0\"></span>ne, \u00e8 possibile riscontare che <span class=\"ls30 ws5d\">l\u2019imp<span class=\"_ _1c\"></span>resa ha s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto qu<span class=\"_ _1\"></span>el cos<span class=\"_ _1\"></span>to </span></span></span>in base al principio<span class=\"_ _0\"></span> di competenza<span class=\"ls1 ws1\"> </span>Il costo di acquisto di merci e prodotti di consumo \u00e8 ricompreso in bilancio alla data del passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 coincidere<span class=\"_ _0\"></span> con la data di consegna degli stessi o, se anteriore, a<span class=\"_ _0\"></span>l momento del passaggio della propriet<span class=\"_ _0\"></span>\u00e0.<span class=\"ls1 ws1\"> </span>I costi<span class=\"_ _1\"></span> per i<span class=\"_ _1c\"></span>mposte i<span class=\"_ _1c\"></span>ndirett<span class=\"_ _1\"></span>e sorg<span class=\"_ _1c\"></span>ono al mo<span class=\"_ _1\"></span>mento d<span class=\"_ _1c\"></span>ell\u2019op<span class=\"_ _1\"></span>erazi<span class=\"_ _1\"></span>one co<span class=\"_ _1\"></span>mmerci<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>sogge<span class=\"_ _1\"></span>tta<span class=\"_ _1\"></span> all\u2019impos<span class=\"_ _0\"></span>izione.<span class=\"ls1 ws1\"> </span>I costi per<span class=\"_ _0\"></span> imposte dirette si manifest<span class=\"_ _0\"></span>ano al momento in cui viene determinato il relat<span class=\"_ _0\"></span>ivo presupposto,<span class=\"_ _0\"></span> cio\u00e8 in sede di ch<span class=\"_ _0\"></span>iusura del bilanc<span class=\"_ _0\"></span>io d\u2019esercizio; una<span class=\"_ _0\"></span> stima attendibile viene effettuata anch<span class=\"_ _0\"></span>e nella predisposizion<span class=\"_ _0\"></span>e delle situazioni infra<span class=\"ls1 ws1\">-<span class=\"ls35 ws16\">annu<span class=\"_ _0\"></span>ali.</span> </span>I costi sono valut<span class=\"_ _0\"></span>ati al fair value<span class=\"ls1 ws1\"> <span class=\"lse ws16\">dell\u2019<span class=\"_ _0\"></span>ammontare pagato<span class=\"_ _0\"></span> o da pagare.</span> </span>I cos<span class=\"_ _1\"></span>ti dei<span class=\"_ _1\"></span> serviz<span class=\"_ _1\"></span>i, in<span class=\"_ _1\"></span> quan<span class=\"_ _1\"></span>to re<span class=\"_ _1\"></span>munera<span class=\"_ _1c\"></span>zione di f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tori pr<span class=\"_ _1\"></span>odut<span class=\"_ _1\"></span>tivi, s<span class=\"_ _1\"></span>ono di<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span> dell\u2019eserc<span class=\"_ _0\"></span>izio nel quale i medesimi fatt<span class=\"_ _0\"></span>ori della produzione sono stati ut<span class=\"_ _0\"></span>ilizzati per consegu<span class=\"_ _0\"></span>ire i ricavi di vendita de<span class=\"_ _0\"></span>i prodotti e dei servizi. In merito alla rilevazi<span class=\"ls35 ws107\">one<span class=\"_ _0\"></span> dei costi sos<span class=\"_ _0\"></span>tenuti per le </span>presta<span class=\"_ _1\"></span>zioni d<span class=\"_ _1\"></span>i servi<span class=\"_ _1\"></span>zio,<span class=\"_ _1\"></span> general<span class=\"_ _1c\"></span>mente si f<span class=\"_ _1\"></span>a rif<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to alle <span class=\"_ _1\"></span>tempis<span class=\"_ _1\"></span>tich<span class=\"_ _1\"></span>e di pre<span class=\"_ _1\"></span>stazi<span class=\"_ _1\"></span>one del<span class=\"_ _1\"></span> ser<span class=\"_ _0\"></span>vizio<span class=\"_ _0\"></span> da parte<span class=\"_ _0\"></span> di enti<span class=\"_ _0\"></span>t\u00e0 ter<span class=\"_ _0\"></span>ze.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFeeAndCommissionIncomeAndExpenseExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-692": {
   "value": "Ricon<span class=\"_ _0\"></span>osci<span class=\"_ _0\"></span>mento dei<span class=\"_ _0\"></span> ricavi e dei<span class=\"_ _0\"></span> costi<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Ricavi d\u2019esercizio<span class=\"ls1 ws1\"> </span>Il riconoscimen<span class=\"_ _0\"></span>to dei ricavi avviene attr<span class=\"_ _0\"></span>averso le seguenti fasi:<span class=\"ls1 ws1\"> </span>1. identific<span class=\"_ _0\"></span>azione del contratto (o dei contr<span class=\"_ _0\"></span>atti) con il cliente;<span class=\"ls1 ws1\"> </span>2. individu<span class=\"_ _0\"></span>azione de<span class=\"_ _0\"></span>lle obbligazioni di<span class=\"_ _0\"></span> fare (o \u201cperformance<span class=\"_ _0\"></span> obligations<span class=\"_ _0\"></span>\u201d);<span class=\"ls1 ws1\"> </span>3. det<span class=\"_ _1\"></span>ermina<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>rezzo d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>transa<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span>: il prez<span class=\"_ _1\"></span>zo del<span class=\"_ _1\"></span>la tra<span class=\"_ _1\"></span>nsazi<span class=\"_ _1\"></span>one \u00e8 l<span class=\"_ _1\"></span>\u2019impo<span class=\"_ _1\"></span>rto d<span class=\"_ _1\"></span>el corrispett<span class=\"_ _0\"></span>ivo a cui si ritiene di avere diritto in cambio del trasferimento al cliente dei servizi promessi;<span class=\"ls1 ws1\"> </span>4. ripartizion<span class=\"_ _0\"></span>e del prezzo dell\u2019operaz<span class=\"_ _0\"></span>ione tra le \u201cperformance obligat<span class=\"_ _0\"></span>ions\u201d del contratto;<span class=\"ls1 ws1\"> </span>5. rico<span class=\"_ _1c\"></span>noscime<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>el rica<span class=\"_ _1\"></span>vo nel m<span class=\"_ _1c\"></span>omento d<span class=\"_ _1\"></span>el sodd<span class=\"_ _1\"></span>isfa<span class=\"_ _1\"></span>cime<span class=\"_ _1\"></span>nto dell<span class=\"_ _1\"></span>a \u201cperf<span class=\"_ _1c\"></span>ormanc<span class=\"_ _1\"></span>e oblig<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n\u201d; specificatamen<span class=\"_ _0\"></span>te i ric<span class=\"_ _0\"></span>avi possono e<span class=\"_ _0\"></span>ssere riconosc<span class=\"_ _0\"></span>iuti:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws82\">in un moment<span class=\"_ _0\"></span>o preciso, quan<span class=\"_ _0\"></span>do \u00e8 adempiuta l\u2019obbligazio<span class=\"_ _0\"></span>ne di fare<span class=\"_ _0\"></span> trasferen<span class=\"_ _0\"></span>do al cliente </span></span>il b<span class=\"_ _1\"></span>ene o se<span class=\"_ _1\"></span>rvizi<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>omess<span class=\"_ _1\"></span>o (\u201ca<span class=\"_ _1\"></span>t a poi<span class=\"_ _1\"></span>nt i<span class=\"_ _1\"></span>n time\u201d)<span class=\"_ _1c\"></span>, o<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls31 ws5a\">ne<span class=\"_ _0\"></span>l corso del<span class=\"_ _0\"></span> tempo, mano a mano che<span class=\"_ _0\"></span> \u00e8 adempiuta<span class=\"_ _0\"></span> l\u2019obbliga<span class=\"_ _0\"></span>zione di f<span class=\"_ _0\"></span>are, tr<span class=\"_ _0\"></span>asferen<span class=\"_ _0\"></span>do </span></span>al cliente il bene<span class=\"_ _0\"></span> o servizio promesso (\u201cover<span class=\"_ _0\"></span> time\u201d).<span class=\"ls1 ws1\"> </span>Le societ<span class=\"_ _0\"></span>\u00e0 operative del Gr<span class=\"_ _0\"></span>uppo svolgono l\u2019att<span class=\"_ _0\"></span>ivit\u00e0 tipica de<span class=\"_ _0\"></span>lle societ\u00e0 di gest<span class=\"_ _0\"></span>ione del risparmio e i ricav<span class=\"_ _0\"></span>i derivanti dall\u2019at<span class=\"_ _0\"></span>tivit\u00e0 di gest<span class=\"_ _0\"></span>ione dei prodott<span class=\"_ _0\"></span>i sono rappresentati principalm<span class=\"_ _0\"></span>ente dalle commissioni di ge<span class=\"_ _0\"></span>stione, dalle commission<span class=\"_ _0\"></span>i di incentivo e<span class=\"ls1 ws1\"> </span>da quelle di collocamento.<span class=\"ls1 ws1\"> </span>Le commissioni di gestione e di incentivo sono collegate al valore di mercato degli AuM dei prodotti e al risu<span class=\"_ _0\"></span>ltato della loro gestione. <span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span>, la com<span class=\"_ _1\"></span>missi<span class=\"_ _1c\"></span>one di ges<span class=\"_ _1c\"></span>tione \u00e8 <span class=\"_ _1\"></span>calcol<span class=\"_ _1\"></span>ata p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e come p<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>entual<span class=\"_ _1c\"></span>e applicata<span class=\"_ _0\"></span> sul patrimon<span class=\"_ _0\"></span>io medio del singo<span class=\"_ _0\"></span>lo prodotto.<span class=\"ls1 ws1\"> </span>Le co<span class=\"_ _1\"></span>mmissi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i ince<span class=\"_ _1\"></span>ntivo, i<span class=\"_ _1c\"></span>nvece, ve<span class=\"_ _1\"></span>ngon<span class=\"_ _1\"></span>o ap<span class=\"_ _1\"></span>plica<span class=\"_ _1\"></span>te a tal<span class=\"_ _1\"></span>uni p<span class=\"_ _1\"></span>rodotti<span class=\"_ _1\"></span> e co<span class=\"_ _1\"></span>rrisp<span class=\"_ _1\"></span>oste a<span class=\"_ _1\"></span> favore<span class=\"_ _1c\"></span> dell<span class=\"_ _1\"></span>e soci<span class=\"_ _1c\"></span>et\u00e0 di<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>one sol<span class=\"_ _1c\"></span>o al rag<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>ungi<span class=\"_ _1\"></span>mento<span class=\"_ _1c\"></span> di dete<span class=\"_ _1c\"></span>rminati<span class=\"_ _1\"></span> obi<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>di re<span class=\"_ _1\"></span>ndim<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span>. In l<span class=\"_ _1\"></span>inea<span class=\"_ _1c\"></span> generale,<span class=\"_ _0\"></span> sono previste tre diffe<span class=\"_ _0\"></span>renti cr<span class=\"_ _0\"></span>iteri di applicazione<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span>della commiss<span class=\"_ _0\"></span>ione di incentivo<span class=\"_ _0\"></span> in ragione della po<span class=\"_ _0\"></span>litica d\u2019invest<span class=\"_ _0\"></span>imento dei singoli fondi: (i) quando<span class=\"_ _0\"></span> la performance del prodotto supera nell\u2019anno solare oggetto<span class=\"_ _0\"></span> della verifica un indice di riferimento o un valore prestabilito o un ob<span class=\"_ _1\"></span>iettiv<span class=\"_ _1c\"></span>o di rend<span class=\"_ _1\"></span>ime<span class=\"_ _1c\"></span>nto<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws76\">(\u201ccommis<span class=\"_ _0\"></span>sione vs. benchmark\u201d),<span class=\"_ _0\"></span> (ii) quando  il valore<span class=\"_ _0\"></span> unitario de<span class=\"_ _0\"></span>lla </span></span>quota<span class=\"_ _1\"></span> del f<span class=\"_ _1\"></span>ondo s<span class=\"_ _1c\"></span>upera<span class=\"_ _1\"></span> quello<span class=\"_ _1\"></span> pi\u00f9 e<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>to ma<span class=\"_ _1\"></span>i rag<span class=\"_ _1\"></span>giun<span class=\"_ _1\"></span>to in p<span class=\"_ _1\"></span>reced<span class=\"_ _1c\"></span>enza (\u201cc<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>one hig<span class=\"_ _1c\"></span>h watermark asso<span class=\"_ _0\"></span>luto\u201d) e (iii) quan<span class=\"_ _0\"></span>do il valore un<span class=\"_ _0\"></span>itario della quota sia su<span class=\"_ _0\"></span>periore al valor<span class=\"_ _0\"></span>e dell'i<span class=\"ls0 ws7e\">ndic<span class=\"_ _0\"></span>e cui si intende fare<span class=\"_ _0\"></span> riferimento (o all'obiet<span class=\"_ _0\"></span>tivo di rendimento<span class=\"_ _0\"></span>) e la differenza rispetto </span>al p<span class=\"_ _1\"></span>arame<span class=\"_ _1\"></span>tro di<span class=\"_ _1c\"></span> confron<span class=\"_ _1c\"></span>to pres<span class=\"_ _1\"></span>celto<span class=\"_ _1\"></span> sia ma<span class=\"_ _1c\"></span>ggiore<span class=\"_ _1\"></span> di qu<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>mai <span class=\"_ _1\"></span>reali<span class=\"_ _1\"></span>zzata<span class=\"_ _1\"></span> in p<span class=\"_ _1\"></span>reced<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a (\u201ccommissione high watermark relativo\u201d).<span class=\"ls1 ws1\"> </span>Infi<span class=\"_ _1\"></span>ne, le <span class=\"_ _1\"></span>commi<span class=\"_ _1\"></span>ssioni<span class=\"_ _1c\"></span> di colloc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto s<span class=\"_ _1\"></span>ono de<span class=\"_ _1\"></span>termi<span class=\"_ _1\"></span>nate, q<span class=\"_ _1\"></span>uand<span class=\"_ _1c\"></span>o previst<span class=\"_ _1\"></span>e, s<span class=\"_ _1\"></span>ul capi<span class=\"_ _1\"></span>tale<span class=\"_ _1\"></span> comp<span class=\"_ _1\"></span>lessiva<span class=\"_ _1c\"></span>mente ra<span class=\"_ _1c\"></span>ccolto d<span class=\"_ _1\"></span>urant<span class=\"_ _1\"></span>e il \u201cP<span class=\"_ _1\"></span>eriod<span class=\"_ _1c\"></span>o di Col<span class=\"_ _1\"></span>loca<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o\u201d.<span class=\"ls1 ws1\"> </span>Le commission<span class=\"_ _0\"></span>i sono is<span class=\"_ _1\"></span>critte, sulla base<span class=\"_ _0\"></span> dell\u2019esistenza di accordi contrattu<span class=\"_ _0\"></span>ali, nel periodo in cui i serv<span class=\"_ _1\"></span>izi st<span class=\"_ _1\"></span>essi s<span class=\"_ _1c\"></span>ono stati<span class=\"_ _1\"></span> pres<span class=\"_ _1c\"></span>tati. In p<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span>cola<span class=\"_ _1\"></span>re, rap<span class=\"_ _1\"></span>pre<span class=\"_ _1c\"></span>sentand<span class=\"_ _1c\"></span>o la rem<span class=\"_ _1\"></span>unera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne pe<span class=\"_ _1\"></span>r specifiche<span class=\"_ _0\"></span> \u201cobbligazioni di fare\u201d,<span class=\"_ _0\"></span> adempiute nei confront<span class=\"_ _0\"></span>i dei Fon<span class=\"lsf ws6e\">di/P<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>rimoni<span class=\"_ _1\"></span> in un mom<span class=\"_ _1\"></span>ento<span class=\"_ _1c\"></span> </span>precis<span class=\"_ _1c\"></span>o, sono <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>te a Co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1\"></span>co \u201ca<span class=\"_ _1\"></span>t a p<span class=\"_ _1\"></span>oint i<span class=\"_ _1\"></span>n time\u201d<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>I ricavi configur<span class=\"_ _0\"></span>ati da corrispettiv<span class=\"_ _0\"></span>i variabili (le commissioni di in<span class=\"_ _0\"></span>centivo) vengono rilevati a conto<span class=\"_ _0\"></span> econo<span class=\"_ _1\"></span>mico se a<span class=\"_ _1c\"></span>ttendi<span class=\"_ _1\"></span>bilmen<span class=\"_ _1\"></span>te stima<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span> e unica<span class=\"_ _1c\"></span>mente se <span class=\"_ _1\"></span>\u00e8 altam<span class=\"_ _1\"></span>ente p<span class=\"_ _1\"></span>robab<span class=\"_ _1\"></span>ile che <span class=\"_ _1\"></span>tale corri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>ttivo<span class=\"_ _1\"></span> non d<span class=\"_ _1c\"></span>ebba es<span class=\"_ _1c\"></span>sere, i<span class=\"_ _1c\"></span>n perio<span class=\"_ _1\"></span>di s<span class=\"_ _1\"></span>uccess<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>, in <span class=\"_ _1\"></span>tutto<span class=\"_ _1\"></span> o i<span class=\"_ _1\"></span><span class=\"ls0 ws74\">n una sua parte signific<span class=\"_ _0\"></span>ativa, </span>stor<span class=\"_ _1\"></span>nato dal c<span class=\"_ _1\"></span>onto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1c\"></span>co.<span class=\"ls1 ws1\"> </span>In caso di forte pre<span class=\"_ _0\"></span>valenza di fattori di incert<span class=\"_ _0\"></span>ezza sulla quantifica<span class=\"_ _0\"></span>zione del corrispettivo,<span class=\"_ _0\"></span> il medes<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span> sar\u00e0 <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>to solo a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>momen<span class=\"_ _1\"></span>to in <span class=\"_ _1\"></span>cui ta<span class=\"_ _1\"></span>le i<span class=\"_ _1c\"></span>ncertezza<span class=\"_ _1c\"></span> verr\u00e0 <span class=\"_ _1\"></span>risol<span class=\"_ _1\"></span>ta. I<span class=\"_ _1\"></span>n pa<span class=\"_ _1\"></span>rticola<span class=\"_ _1c\"></span>re, le<span class=\"_ _1\"></span> commissioni det<span class=\"_ _0\"></span>erminate con il meto<span class=\"_ _0\"></span>do \u201cbenchmark\u201d sono<span class=\"_ _0\"></span> rilevate nel conto economic<span class=\"_ _0\"></span>o della soci<span class=\"_ _1\"></span>et\u00e0 di<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>one sol<span class=\"_ _1\"></span>o al<span class=\"_ _1\"></span> termi<span class=\"_ _1c\"></span>ne dell<span class=\"_ _1\"></span>\u2019eserc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o, q<span class=\"_ _1\"></span>uando p<span class=\"_ _1c\"></span>ossono<span class=\"_ _1\"></span> consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>rsi defi<span class=\"_ _1\"></span>nitiva<span class=\"_ _1c\"></span>mente<span class=\"_ _1\"></span> mat<span class=\"_ _1\"></span>urate a<span class=\"_ _1\"></span> favo<span class=\"_ _1c\"></span>re dell<span class=\"_ _1\"></span>a ste<span class=\"_ _1\"></span>ssa.<span class=\"_ _4ac\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-671": {
   "value": "Ricon<span class=\"_ _0\"></span>osci<span class=\"_ _0\"></span>mento dei<span class=\"_ _0\"></span> ricavi e dei<span class=\"_ _0\"></span> costi<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Ricavi d\u2019esercizio<span class=\"ls1 ws1\"> </span>Il riconoscimen<span class=\"_ _0\"></span>to dei ricavi avviene attr<span class=\"_ _0\"></span>averso le seguenti fasi:<span class=\"ls1 ws1\"> </span>1. identific<span class=\"_ _0\"></span>azione del contratto (o dei contr<span class=\"_ _0\"></span>atti) con il cliente;<span class=\"ls1 ws1\"> </span>2. individu<span class=\"_ _0\"></span>azione de<span class=\"_ _0\"></span>lle obbligazioni di<span class=\"_ _0\"></span> fare (o \u201cperformance<span class=\"_ _0\"></span> obligations<span class=\"_ _0\"></span>\u201d);<span class=\"ls1 ws1\"> </span>3. det<span class=\"_ _1\"></span>ermina<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>rezzo d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>transa<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span>: il prez<span class=\"_ _1\"></span>zo del<span class=\"_ _1\"></span>la tra<span class=\"_ _1\"></span>nsazi<span class=\"_ _1\"></span>one \u00e8 l<span class=\"_ _1\"></span>\u2019impo<span class=\"_ _1\"></span>rto d<span class=\"_ _1\"></span>el corrispett<span class=\"_ _0\"></span>ivo a cui si ritiene di avere diritto in cambio del trasferimento al cliente dei servizi promessi;<span class=\"ls1 ws1\"> </span>4. ripartizion<span class=\"_ _0\"></span>e del prezzo dell\u2019operaz<span class=\"_ _0\"></span>ione tra le \u201cperformance obligat<span class=\"_ _0\"></span>ions\u201d del contratto;<span class=\"ls1 ws1\"> </span>5. rico<span class=\"_ _1c\"></span>noscime<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>el rica<span class=\"_ _1\"></span>vo nel m<span class=\"_ _1c\"></span>omento d<span class=\"_ _1\"></span>el sodd<span class=\"_ _1\"></span>isfa<span class=\"_ _1\"></span>cime<span class=\"_ _1\"></span>nto dell<span class=\"_ _1\"></span>a \u201cperf<span class=\"_ _1c\"></span>ormanc<span class=\"_ _1\"></span>e oblig<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n\u201d; specificatamen<span class=\"_ _0\"></span>te i ric<span class=\"_ _0\"></span>avi possono e<span class=\"_ _0\"></span>ssere riconosc<span class=\"_ _0\"></span>iuti:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws82\">in un moment<span class=\"_ _0\"></span>o preciso, quan<span class=\"_ _0\"></span>do \u00e8 adempiuta l\u2019obbligazio<span class=\"_ _0\"></span>ne di fare<span class=\"_ _0\"></span> trasferen<span class=\"_ _0\"></span>do al cliente </span></span>il b<span class=\"_ _1\"></span>ene o se<span class=\"_ _1\"></span>rvizi<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>omess<span class=\"_ _1\"></span>o (\u201ca<span class=\"_ _1\"></span>t a poi<span class=\"_ _1\"></span>nt i<span class=\"_ _1\"></span>n time\u201d)<span class=\"_ _1c\"></span>, o<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls31 ws5a\">ne<span class=\"_ _0\"></span>l corso del<span class=\"_ _0\"></span> tempo, mano a mano che<span class=\"_ _0\"></span> \u00e8 adempiuta<span class=\"_ _0\"></span> l\u2019obbliga<span class=\"_ _0\"></span>zione di f<span class=\"_ _0\"></span>are, tr<span class=\"_ _0\"></span>asferen<span class=\"_ _0\"></span>do </span></span>al cliente il bene<span class=\"_ _0\"></span> o servizio promesso (\u201cover<span class=\"_ _0\"></span> time\u201d).<span class=\"ls1 ws1\"> </span>Le societ<span class=\"_ _0\"></span>\u00e0 operative del Gr<span class=\"_ _0\"></span>uppo svolgono l\u2019att<span class=\"_ _0\"></span>ivit\u00e0 tipica de<span class=\"_ _0\"></span>lle societ\u00e0 di gest<span class=\"_ _0\"></span>ione del risparmio e i ricav<span class=\"_ _0\"></span>i derivanti dall\u2019at<span class=\"_ _0\"></span>tivit\u00e0 di gest<span class=\"_ _0\"></span>ione dei prodott<span class=\"_ _0\"></span>i sono rappresentati principalm<span class=\"_ _0\"></span>ente dalle commissioni di ge<span class=\"_ _0\"></span>stione, dalle commission<span class=\"_ _0\"></span>i di incentivo e<span class=\"ls1 ws1\"> </span>da quelle di collocamento.<span class=\"ls1 ws1\"> </span>Le commissioni di gestione e di incentivo sono collegate al valore di mercato degli AuM dei prodotti e al risu<span class=\"_ _0\"></span>ltato della loro gestione. <span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span>, la com<span class=\"_ _1\"></span>missi<span class=\"_ _1c\"></span>one di ges<span class=\"_ _1c\"></span>tione \u00e8 <span class=\"_ _1\"></span>calcol<span class=\"_ _1\"></span>ata p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e come p<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>entual<span class=\"_ _1c\"></span>e applicata<span class=\"_ _0\"></span> sul patrimon<span class=\"_ _0\"></span>io medio del singo<span class=\"_ _0\"></span>lo prodotto.<span class=\"ls1 ws1\"> </span>Le co<span class=\"_ _1\"></span>mmissi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i ince<span class=\"_ _1\"></span>ntivo, i<span class=\"_ _1c\"></span>nvece, ve<span class=\"_ _1\"></span>ngon<span class=\"_ _1\"></span>o ap<span class=\"_ _1\"></span>plica<span class=\"_ _1\"></span>te a tal<span class=\"_ _1\"></span>uni p<span class=\"_ _1\"></span>rodotti<span class=\"_ _1\"></span> e co<span class=\"_ _1\"></span>rrisp<span class=\"_ _1\"></span>oste a<span class=\"_ _1\"></span> favore<span class=\"_ _1c\"></span> dell<span class=\"_ _1\"></span>e soci<span class=\"_ _1c\"></span>et\u00e0 di<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>one sol<span class=\"_ _1c\"></span>o al rag<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>ungi<span class=\"_ _1\"></span>mento<span class=\"_ _1c\"></span> di dete<span class=\"_ _1c\"></span>rminati<span class=\"_ _1\"></span> obi<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>di re<span class=\"_ _1\"></span>ndim<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span>. In l<span class=\"_ _1\"></span>inea<span class=\"_ _1c\"></span> generale,<span class=\"_ _0\"></span> sono previste tre diffe<span class=\"_ _0\"></span>renti cr<span class=\"_ _0\"></span>iteri di applicazione<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span>della commiss<span class=\"_ _0\"></span>ione di incentivo<span class=\"_ _0\"></span> in ragione della po<span class=\"_ _0\"></span>litica d\u2019invest<span class=\"_ _0\"></span>imento dei singoli fondi: (i) quando<span class=\"_ _0\"></span> la performance del prodotto supera nell\u2019anno solare oggetto<span class=\"_ _0\"></span> della verifica un indice di riferimento o un valore prestabilito o un ob<span class=\"_ _1\"></span>iettiv<span class=\"_ _1c\"></span>o di rend<span class=\"_ _1\"></span>ime<span class=\"_ _1c\"></span>nto<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws76\">(\u201ccommis<span class=\"_ _0\"></span>sione vs. benchmark\u201d),<span class=\"_ _0\"></span> (ii) quando  il valore<span class=\"_ _0\"></span> unitario de<span class=\"_ _0\"></span>lla </span></span>quota<span class=\"_ _1\"></span> del f<span class=\"_ _1\"></span>ondo s<span class=\"_ _1c\"></span>upera<span class=\"_ _1\"></span> quello<span class=\"_ _1\"></span> pi\u00f9 e<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>to ma<span class=\"_ _1\"></span>i rag<span class=\"_ _1\"></span>giun<span class=\"_ _1\"></span>to in p<span class=\"_ _1\"></span>reced<span class=\"_ _1c\"></span>enza (\u201cc<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>one hig<span class=\"_ _1c\"></span>h watermark asso<span class=\"_ _0\"></span>luto\u201d) e (iii) quan<span class=\"_ _0\"></span>do il valore un<span class=\"_ _0\"></span>itario della quota sia su<span class=\"_ _0\"></span>periore al valor<span class=\"_ _0\"></span>e dell'i<span class=\"ls0 ws7e\">ndic<span class=\"_ _0\"></span>e cui si intende fare<span class=\"_ _0\"></span> riferimento (o all'obiet<span class=\"_ _0\"></span>tivo di rendimento<span class=\"_ _0\"></span>) e la differenza rispetto </span>al p<span class=\"_ _1\"></span>arame<span class=\"_ _1\"></span>tro di<span class=\"_ _1c\"></span> confron<span class=\"_ _1c\"></span>to pres<span class=\"_ _1\"></span>celto<span class=\"_ _1\"></span> sia ma<span class=\"_ _1c\"></span>ggiore<span class=\"_ _1\"></span> di qu<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>mai <span class=\"_ _1\"></span>reali<span class=\"_ _1\"></span>zzata<span class=\"_ _1\"></span> in p<span class=\"_ _1\"></span>reced<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a (\u201ccommissione high watermark relativo\u201d).<span class=\"ls1 ws1\"> </span>Infi<span class=\"_ _1\"></span>ne, le <span class=\"_ _1\"></span>commi<span class=\"_ _1\"></span>ssioni<span class=\"_ _1c\"></span> di colloc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto s<span class=\"_ _1\"></span>ono de<span class=\"_ _1\"></span>termi<span class=\"_ _1\"></span>nate, q<span class=\"_ _1\"></span>uand<span class=\"_ _1c\"></span>o previst<span class=\"_ _1\"></span>e, s<span class=\"_ _1\"></span>ul capi<span class=\"_ _1\"></span>tale<span class=\"_ _1\"></span> comp<span class=\"_ _1\"></span>lessiva<span class=\"_ _1c\"></span>mente ra<span class=\"_ _1c\"></span>ccolto d<span class=\"_ _1\"></span>urant<span class=\"_ _1\"></span>e il \u201cP<span class=\"_ _1\"></span>eriod<span class=\"_ _1c\"></span>o di Col<span class=\"_ _1\"></span>loca<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o\u201d.<span class=\"ls1 ws1\"> </span>Le commission<span class=\"_ _0\"></span>i sono is<span class=\"_ _1\"></span>critte, sulla base<span class=\"_ _0\"></span> dell\u2019esistenza di accordi contrattu<span class=\"_ _0\"></span>ali, nel periodo in cui i serv<span class=\"_ _1\"></span>izi st<span class=\"_ _1\"></span>essi s<span class=\"_ _1c\"></span>ono stati<span class=\"_ _1\"></span> pres<span class=\"_ _1c\"></span>tati. In p<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span>cola<span class=\"_ _1\"></span>re, rap<span class=\"_ _1\"></span>pre<span class=\"_ _1c\"></span>sentand<span class=\"_ _1c\"></span>o la rem<span class=\"_ _1\"></span>unera<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne pe<span class=\"_ _1\"></span>r specifiche<span class=\"_ _0\"></span> \u201cobbligazioni di fare\u201d,<span class=\"_ _0\"></span> adempiute nei confront<span class=\"_ _0\"></span>i dei Fon<span class=\"lsf ws6e\">di/P<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>rimoni<span class=\"_ _1\"></span> in un mom<span class=\"_ _1\"></span>ento<span class=\"_ _1c\"></span> </span>precis<span class=\"_ _1c\"></span>o, sono <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>te a Co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1\"></span>co \u201ca<span class=\"_ _1\"></span>t a p<span class=\"_ _1\"></span>oint i<span class=\"_ _1\"></span>n time\u201d<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>I ricavi configur<span class=\"_ _0\"></span>ati da corrispettiv<span class=\"_ _0\"></span>i variabili (le commissioni di in<span class=\"_ _0\"></span>centivo) vengono rilevati a conto<span class=\"_ _0\"></span> econo<span class=\"_ _1\"></span>mico se a<span class=\"_ _1c\"></span>ttendi<span class=\"_ _1\"></span>bilmen<span class=\"_ _1\"></span>te stima<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span> e unica<span class=\"_ _1c\"></span>mente se <span class=\"_ _1\"></span>\u00e8 altam<span class=\"_ _1\"></span>ente p<span class=\"_ _1\"></span>robab<span class=\"_ _1\"></span>ile che <span class=\"_ _1\"></span>tale corri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>ttivo<span class=\"_ _1\"></span> non d<span class=\"_ _1c\"></span>ebba es<span class=\"_ _1c\"></span>sere, i<span class=\"_ _1c\"></span>n perio<span class=\"_ _1\"></span>di s<span class=\"_ _1\"></span>uccess<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>, in <span class=\"_ _1\"></span>tutto<span class=\"_ _1\"></span> o i<span class=\"_ _1\"></span><span class=\"ls0 ws74\">n una sua parte signific<span class=\"_ _0\"></span>ativa, </span>stor<span class=\"_ _1\"></span>nato dal c<span class=\"_ _1\"></span>onto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1c\"></span>co.<span class=\"ls1 ws1\"> </span>In caso di forte pre<span class=\"_ _0\"></span>valenza di fattori di incert<span class=\"_ _0\"></span>ezza sulla quantifica<span class=\"_ _0\"></span>zione del corrispettivo,<span class=\"_ _0\"></span> il medes<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span> sar\u00e0 <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>to solo a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>momen<span class=\"_ _1\"></span>to in <span class=\"_ _1\"></span>cui ta<span class=\"_ _1\"></span>le i<span class=\"_ _1c\"></span>ncertezza<span class=\"_ _1c\"></span> verr\u00e0 <span class=\"_ _1\"></span>risol<span class=\"_ _1\"></span>ta. I<span class=\"_ _1\"></span>n pa<span class=\"_ _1\"></span>rticola<span class=\"_ _1c\"></span>re, le<span class=\"_ _1\"></span> commissioni det<span class=\"_ _0\"></span>erminate con il meto<span class=\"_ _0\"></span>do \u201cbenchmark\u201d sono<span class=\"_ _0\"></span> rilevate nel conto economic<span class=\"_ _0\"></span>o della soci<span class=\"_ _1\"></span>et\u00e0 di<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>one sol<span class=\"_ _1\"></span>o al<span class=\"_ _1\"></span> termi<span class=\"_ _1c\"></span>ne dell<span class=\"_ _1\"></span>\u2019eserc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o, q<span class=\"_ _1\"></span>uando p<span class=\"_ _1c\"></span>ossono<span class=\"_ _1\"></span> consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>rsi defi<span class=\"_ _1\"></span>nitiva<span class=\"_ _1c\"></span>mente<span class=\"_ _1\"></span> mat<span class=\"_ _1\"></span>urate a<span class=\"_ _1\"></span> favo<span class=\"_ _1c\"></span>re dell<span class=\"_ _1\"></span>a ste<span class=\"_ _1\"></span>ssa.<span class=\"_ _4ac\"> </span>Costi d\u2019ese<span class=\"_ _1\"></span>rcizio<span class=\"ff1 fs4 ls1 ws1\"> </span>I cost<span class=\"_ _0\"></span>i d\u2019es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>izio<span class=\"ls1 ws1\"> <span class=\"_ _14\"> </span></span>sono decrem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i nei bene<span class=\"_ _0\"></span>fici ec<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>ici di com<span class=\"_ _0\"></span>peten<span class=\"_ _0\"></span>za dell<span class=\"_ _0\"></span>\u2019eser<span class=\"_ _0\"></span>cizio<span class=\"_ _0\"></span> amministr<span class=\"_ _0\"></span>ativo che si manifestano<span class=\"_ _0\"></span> sotto forma di flussi finanzia<span class=\"_ _0\"></span>ri in uscita o r<span class=\"_ _0\"></span>iduzione di valore di a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 o <span class=\"_ _1\"></span>sost<span class=\"_ _1\"></span>enim<span class=\"_ _1c\"></span>ento di p<span class=\"_ _1c\"></span>assivi<span class=\"_ _1\"></span>t\u00e0 ch<span class=\"_ _1c\"></span>e si co<span class=\"_ _1\"></span>ncre<span class=\"_ _1\"></span>tizza<span class=\"_ _1c\"></span>no in d<span class=\"_ _1\"></span>ecrem<span class=\"_ _1c\"></span>enti di<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rimo<span class=\"_ _1\"></span>nio<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls35 ws16\">netto, </span></span>diversi da quelli relat<span class=\"_ _0\"></span>ivi alle distribuzioni a coloro che partecipan<span class=\"_ _0\"></span>o al capitale. I costi comprendono anche le perdite<span class=\"_ _0\"></span>. I costi e le perdite sorgono nel cors<span class=\"_ _0\"></span>o dell\u2019attivit<span class=\"_ _0\"></span>\u00e0 ordinaria. <span class=\"ls1 ws1\"> </span>I costi sono cont<span class=\"_ _0\"></span>abilizzati secondo il principio<span class=\"_ _0\"></span> della competenza e quando sostenuti.<span class=\"ls1 ws1\"> </span>Un cos<span class=\"_ _1c\"></span>to \u00e8 con<span class=\"_ _1\"></span>sidera<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto q<span class=\"_ _1\"></span>uando<span class=\"_ _1c\"></span>:<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls1c ws26\">ne \u00e8 di<span class=\"_ _1\"></span>venu<span class=\"_ _1\"></span>ta certa<span class=\"_ _1\"></span> l\u2019esi<span class=\"_ _1c\"></span>stenza;<span class=\"ls1 ws1\"> </span></span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls30 ws27\">\u00e8 dete<span class=\"_ _1c\"></span>rminabil<span class=\"_ _1\"></span>e in <span class=\"_ _1\"></span>modo ob<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>tivo l<span class=\"_ _1\"></span>\u2019ammo<span class=\"_ _1c\"></span>ntare;<span class=\"ls1 ws1\"> </span></span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws77\">nella sostanza dell\u2019operazio<span class=\"_ _0\"></span>ne, \u00e8 possibile riscontare che <span class=\"ls30 ws5d\">l\u2019imp<span class=\"_ _1c\"></span>resa ha s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto qu<span class=\"_ _1\"></span>el cos<span class=\"_ _1\"></span>to </span></span></span>in base al principio<span class=\"_ _0\"></span> di competenza<span class=\"ls1 ws1\"> </span>Il costo di acquisto di merci e prodotti di consumo \u00e8 ricompreso in bilancio alla data del passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 coincidere<span class=\"_ _0\"></span> con la data di consegna degli stessi o, se anteriore, a<span class=\"_ _0\"></span>l momento del passaggio della propriet<span class=\"_ _0\"></span>\u00e0.<span class=\"ls1 ws1\"> </span>I costi<span class=\"_ _1\"></span> per i<span class=\"_ _1c\"></span>mposte i<span class=\"_ _1c\"></span>ndirett<span class=\"_ _1\"></span>e sorg<span class=\"_ _1c\"></span>ono al mo<span class=\"_ _1\"></span>mento d<span class=\"_ _1c\"></span>ell\u2019op<span class=\"_ _1\"></span>erazi<span class=\"_ _1\"></span>one co<span class=\"_ _1\"></span>mmerci<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>sogge<span class=\"_ _1\"></span>tta<span class=\"_ _1\"></span> all\u2019impos<span class=\"_ _0\"></span>izione.<span class=\"ls1 ws1\"> </span>I costi per<span class=\"_ _0\"></span> imposte dirette si manifest<span class=\"_ _0\"></span>ano al momento in cui viene determinato il relat<span class=\"_ _0\"></span>ivo presupposto,<span class=\"_ _0\"></span> cio\u00e8 in sede di ch<span class=\"_ _0\"></span>iusura del bilanc<span class=\"_ _0\"></span>io d\u2019esercizio; una<span class=\"_ _0\"></span> stima attendibile viene effettuata anch<span class=\"_ _0\"></span>e nella predisposizion<span class=\"_ _0\"></span>e delle situazioni infra<span class=\"ls1 ws1\">-<span class=\"ls35 ws16\">annu<span class=\"_ _0\"></span>ali.</span> </span>I costi sono valut<span class=\"_ _0\"></span>ati al fair value<span class=\"ls1 ws1\"> <span class=\"lse ws16\">dell\u2019<span class=\"_ _0\"></span>ammontare pagato<span class=\"_ _0\"></span> o da pagare.</span> </span>I cos<span class=\"_ _1\"></span>ti dei<span class=\"_ _1\"></span> serviz<span class=\"_ _1\"></span>i, in<span class=\"_ _1\"></span> quan<span class=\"_ _1\"></span>to re<span class=\"_ _1\"></span>munera<span class=\"_ _1c\"></span>zione di f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tori pr<span class=\"_ _1\"></span>odut<span class=\"_ _1\"></span>tivi, s<span class=\"_ _1\"></span>ono di<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span> dell\u2019eserc<span class=\"_ _0\"></span>izio nel quale i medesimi fatt<span class=\"_ _0\"></span>ori della produzione sono stati ut<span class=\"_ _0\"></span>ilizzati per consegu<span class=\"_ _0\"></span>ire i ricavi di vendita de<span class=\"_ _0\"></span>i prodotti e dei servizi. In merito alla rilevazi<span class=\"ls35 ws107\">one<span class=\"_ _0\"></span> dei costi sos<span class=\"_ _0\"></span>tenuti per le </span>presta<span class=\"_ _1\"></span>zioni d<span class=\"_ _1\"></span>i servi<span class=\"_ _1\"></span>zio,<span class=\"_ _1\"></span> general<span class=\"_ _1c\"></span>mente si f<span class=\"_ _1\"></span>a rif<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to alle <span class=\"_ _1\"></span>tempis<span class=\"_ _1\"></span>tich<span class=\"_ _1\"></span>e di pre<span class=\"_ _1\"></span>stazi<span class=\"_ _1\"></span>one del<span class=\"_ _1\"></span> ser<span class=\"_ _0\"></span>vizio<span class=\"_ _0\"></span> da parte<span class=\"_ _0\"></span> di enti<span class=\"_ _0\"></span>t\u00e0 ter<span class=\"_ _0\"></span>ze.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-622": {
   "value": "<div class=\"t m0 h8 ff2 fs5 fc0 sc0 lsb ws11 gs382\">Costi d\u2019ese<span class=\"_ _1\"></span>rcizio<span class=\"ff1 fs4 ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d wsec gs383\">I cost<span class=\"_ _0\"></span>i d\u2019es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>izio<span class=\"ls1 ws1\"> <span class=\"_ _14\"> </span></span>sono decrem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i nei bene<span class=\"_ _0\"></span>fici ec<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>ici di com<span class=\"_ _0\"></span>peten<span class=\"_ _0\"></span>za dell<span class=\"_ _0\"></span>\u2019eser<span class=\"_ _0\"></span>cizio<span class=\"_ _0\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs384\">amministr<span class=\"_ _0\"></span>ativo che si manifestano<span class=\"_ _0\"></span> sotto forma di flussi finanzia<span class=\"_ _0\"></span>ri in uscita o r<span class=\"_ _0\"></span>iduzione di valore </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws92 gs385\">di a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 o <span class=\"_ _1\"></span>sost<span class=\"_ _1\"></span>enim<span class=\"_ _1c\"></span>ento di p<span class=\"_ _1c\"></span>assivi<span class=\"_ _1\"></span>t\u00e0 ch<span class=\"_ _1c\"></span>e si co<span class=\"_ _1\"></span>ncre<span class=\"_ _1\"></span>tizza<span class=\"_ _1c\"></span>no in d<span class=\"_ _1\"></span>ecrem<span class=\"_ _1c\"></span>enti di<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rimo<span class=\"_ _1\"></span>nio<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls35 ws16\">netto, </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1d7 gs386\">diversi da quelli relat<span class=\"_ _0\"></span>ivi alle distribuzioni a coloro che partecipan<span class=\"_ _0\"></span>o al capitale. I costi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs387\">comprendono anche le perdite<span class=\"_ _0\"></span>. I costi e le perdite sorgono nel cors<span class=\"_ _0\"></span>o dell\u2019attivit<span class=\"_ _0\"></span>\u00e0 ordinaria. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs388\">I costi sono cont<span class=\"_ _0\"></span>abilizzati secondo il principio<span class=\"_ _0\"></span> della competenza e quando sostenuti.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs389\">Un cos<span class=\"_ _1c\"></span>to \u00e8 con<span class=\"_ _1\"></span>sidera<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto q<span class=\"_ _1\"></span>uando<span class=\"_ _1c\"></span>:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs38a\">\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls1c ws26\">ne \u00e8 di<span class=\"_ _1\"></span>venu<span class=\"_ _1\"></span>ta certa<span class=\"_ _1\"></span> l\u2019esi<span class=\"_ _1c\"></span>stenza;<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs38b\">\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls30 ws27\">\u00e8 dete<span class=\"_ _1c\"></span>rminabil<span class=\"_ _1\"></span>e in <span class=\"_ _1\"></span>modo ob<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>tivo l<span class=\"_ _1\"></span>\u2019ammo<span class=\"_ _1c\"></span>ntare;<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs38c\">\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws77\">nella sostanza dell\u2019operazio<span class=\"_ _0\"></span>ne, \u00e8 possibile riscontare che <span class=\"ls30 ws5d\">l\u2019imp<span class=\"_ _1c\"></span>resa ha s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto qu<span class=\"_ _1\"></span>el cos<span class=\"_ _1\"></span>to </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs38d\">in base al principio<span class=\"_ _0\"></span> di competenza<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gs38e\">Il costo di acquisto di merci e prodotti di consumo \u00e8 ricompreso in bilancio alla data del </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws11f gs38f\">passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 coincidere<span class=\"_ _0\"></span> con la data di consegna degli stessi o, se </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs390\">anteriore, a<span class=\"_ _0\"></span>l momento del passaggio della propriet<span class=\"_ _0\"></span>\u00e0.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsdf gs391\">I costi<span class=\"_ _1\"></span> per i<span class=\"_ _1c\"></span>mposte i<span class=\"_ _1c\"></span>ndirett<span class=\"_ _1\"></span>e sorg<span class=\"_ _1c\"></span>ono al mo<span class=\"_ _1\"></span>mento d<span class=\"_ _1c\"></span>ell\u2019op<span class=\"_ _1\"></span>erazi<span class=\"_ _1\"></span>one co<span class=\"_ _1\"></span>mmerci<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>sogge<span class=\"_ _1\"></span>tta<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs392\">all\u2019impos<span class=\"_ _0\"></span>izione.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs393\">I costi per<span class=\"_ _0\"></span> imposte dirette si manifest<span class=\"_ _0\"></span>ano al momento in cui viene determinato il relat<span class=\"_ _0\"></span>ivo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf3 gs394\">presupposto,<span class=\"_ _0\"></span> cio\u00e8 in sede di ch<span class=\"_ _0\"></span>iusura del bilanc<span class=\"_ _0\"></span>io d\u2019esercizio; una<span class=\"_ _0\"></span> stima attendibile viene </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs395\">effettuata anch<span class=\"_ _0\"></span>e nella predisposizion<span class=\"_ _0\"></span>e delle situazioni infra<span class=\"ls1 ws1\">-<span class=\"ls35 ws16\">annu<span class=\"_ _0\"></span>ali.</span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs396\">I costi sono valut<span class=\"_ _0\"></span>ati al fair value<span class=\"ls1 ws1\"> <span class=\"lse ws16\">dell\u2019<span class=\"_ _0\"></span>ammontare pagato<span class=\"_ _0\"></span> o da pagare.</span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws191 gs397\">I cos<span class=\"_ _1\"></span>ti dei<span class=\"_ _1\"></span> serviz<span class=\"_ _1\"></span>i, in<span class=\"_ _1\"></span> quan<span class=\"_ _1\"></span>to re<span class=\"_ _1\"></span>munera<span class=\"_ _1c\"></span>zione di f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tori pr<span class=\"_ _1\"></span>odut<span class=\"_ _1\"></span>tivi, s<span class=\"_ _1\"></span>ono di<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs398\">dell\u2019eserc<span class=\"_ _0\"></span>izio nel quale i medesimi fatt<span class=\"_ _0\"></span>ori della produzione sono stati ut<span class=\"_ _0\"></span>ilizzati per consegu<span class=\"_ _0\"></span>ire i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs399\">ricavi di vendita de<span class=\"_ _0\"></span>i prodotti e dei servizi. In merito alla rilevazi<span class=\"ls35 ws107\">one<span class=\"_ _0\"></span> dei costi sos<span class=\"_ _0\"></span>tenuti per le </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws1d3 gs39a\">presta<span class=\"_ _1\"></span>zioni d<span class=\"_ _1\"></span>i servi<span class=\"_ _1\"></span>zio,<span class=\"_ _1\"></span> general<span class=\"_ _1c\"></span>mente si f<span class=\"_ _1\"></span>a rif<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to alle <span class=\"_ _1\"></span>tempis<span class=\"_ _1\"></span>tich<span class=\"_ _1\"></span>e di pre<span class=\"_ _1\"></span>stazi<span class=\"_ _1\"></span>one del<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws85 gs39b\">ser<span class=\"_ _0\"></span>vizio<span class=\"_ _0\"></span> da parte<span class=\"_ _0\"></span> di enti<span class=\"_ _0\"></span>t\u00e0 ter<span class=\"_ _0\"></span>ze.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-693": {
   "value": "Costi d\u2019ese<span class=\"_ _1\"></span>rcizio<span class=\"ff1 fs4 ls1 ws1\"> </span>I cost<span class=\"_ _0\"></span>i d\u2019es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>izio<span class=\"ls1 ws1\"> <span class=\"_ _14\"> </span></span>sono decrem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i nei bene<span class=\"_ _0\"></span>fici ec<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>ici di com<span class=\"_ _0\"></span>peten<span class=\"_ _0\"></span>za dell<span class=\"_ _0\"></span>\u2019eser<span class=\"_ _0\"></span>cizio<span class=\"_ _0\"></span> amministr<span class=\"_ _0\"></span>ativo che si manifestano<span class=\"_ _0\"></span> sotto forma di flussi finanzia<span class=\"_ _0\"></span>ri in uscita o r<span class=\"_ _0\"></span>iduzione di valore di a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 o <span class=\"_ _1\"></span>sost<span class=\"_ _1\"></span>enim<span class=\"_ _1c\"></span>ento di p<span class=\"_ _1c\"></span>assivi<span class=\"_ _1\"></span>t\u00e0 ch<span class=\"_ _1c\"></span>e si co<span class=\"_ _1\"></span>ncre<span class=\"_ _1\"></span>tizza<span class=\"_ _1c\"></span>no in d<span class=\"_ _1\"></span>ecrem<span class=\"_ _1c\"></span>enti di<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rimo<span class=\"_ _1\"></span>nio<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls35 ws16\">netto, </span></span>diversi da quelli relat<span class=\"_ _0\"></span>ivi alle distribuzioni a coloro che partecipan<span class=\"_ _0\"></span>o al capitale. I costi comprendono anche le perdite<span class=\"_ _0\"></span>. I costi e le perdite sorgono nel cors<span class=\"_ _0\"></span>o dell\u2019attivit<span class=\"_ _0\"></span>\u00e0 ordinaria. <span class=\"ls1 ws1\"> </span>I costi sono cont<span class=\"_ _0\"></span>abilizzati secondo il principio<span class=\"_ _0\"></span> della competenza e quando sostenuti.<span class=\"ls1 ws1\"> </span>Un cos<span class=\"_ _1c\"></span>to \u00e8 con<span class=\"_ _1\"></span>sidera<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto q<span class=\"_ _1\"></span>uando<span class=\"_ _1c\"></span>:<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls1c ws26\">ne \u00e8 di<span class=\"_ _1\"></span>venu<span class=\"_ _1\"></span>ta certa<span class=\"_ _1\"></span> l\u2019esi<span class=\"_ _1c\"></span>stenza;<span class=\"ls1 ws1\"> </span></span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls30 ws27\">\u00e8 dete<span class=\"_ _1c\"></span>rminabil<span class=\"_ _1\"></span>e in <span class=\"_ _1\"></span>modo ob<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>tivo l<span class=\"_ _1\"></span>\u2019ammo<span class=\"_ _1c\"></span>ntare;<span class=\"ls1 ws1\"> </span></span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws77\">nella sostanza dell\u2019operazio<span class=\"_ _0\"></span>ne, \u00e8 possibile riscontare che <span class=\"ls30 ws5d\">l\u2019imp<span class=\"_ _1c\"></span>resa ha s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto qu<span class=\"_ _1\"></span>el cos<span class=\"_ _1\"></span>to </span></span></span>in base al principio<span class=\"_ _0\"></span> di competenza<span class=\"ls1 ws1\"> </span>Il costo di acquisto di merci e prodotti di consumo \u00e8 ricompreso in bilancio alla data del passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 coincidere<span class=\"_ _0\"></span> con la data di consegna degli stessi o, se anteriore, a<span class=\"_ _0\"></span>l momento del passaggio della propriet<span class=\"_ _0\"></span>\u00e0.<span class=\"ls1 ws1\"> </span>I costi<span class=\"_ _1\"></span> per i<span class=\"_ _1c\"></span>mposte i<span class=\"_ _1c\"></span>ndirett<span class=\"_ _1\"></span>e sorg<span class=\"_ _1c\"></span>ono al mo<span class=\"_ _1\"></span>mento d<span class=\"_ _1c\"></span>ell\u2019op<span class=\"_ _1\"></span>erazi<span class=\"_ _1\"></span>one co<span class=\"_ _1\"></span>mmerci<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>sogge<span class=\"_ _1\"></span>tta<span class=\"_ _1\"></span> all\u2019impos<span class=\"_ _0\"></span>izione.<span class=\"ls1 ws1\"> </span>I costi per<span class=\"_ _0\"></span> imposte dirette si manifest<span class=\"_ _0\"></span>ano al momento in cui viene determinato il relat<span class=\"_ _0\"></span>ivo presupposto,<span class=\"_ _0\"></span> cio\u00e8 in sede di ch<span class=\"_ _0\"></span>iusura del bilanc<span class=\"_ _0\"></span>io d\u2019esercizio; una<span class=\"_ _0\"></span> stima attendibile viene effettuata anch<span class=\"_ _0\"></span>e nella predisposizion<span class=\"_ _0\"></span>e delle situazioni infra<span class=\"ls1 ws1\">-<span class=\"ls35 ws16\">annu<span class=\"_ _0\"></span>ali.</span> </span>I costi sono valut<span class=\"_ _0\"></span>ati al fair value<span class=\"ls1 ws1\"> <span class=\"lse ws16\">dell\u2019<span class=\"_ _0\"></span>ammontare pagato<span class=\"_ _0\"></span> o da pagare.</span> </span>I cos<span class=\"_ _1\"></span>ti dei<span class=\"_ _1\"></span> serviz<span class=\"_ _1\"></span>i, in<span class=\"_ _1\"></span> quan<span class=\"_ _1\"></span>to re<span class=\"_ _1\"></span>munera<span class=\"_ _1c\"></span>zione di f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tori pr<span class=\"_ _1\"></span>odut<span class=\"_ _1\"></span>tivi, s<span class=\"_ _1\"></span>ono di<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span> dell\u2019eserc<span class=\"_ _0\"></span>izio nel quale i medesimi fatt<span class=\"_ _0\"></span>ori della produzione sono stati ut<span class=\"_ _0\"></span>ilizzati per consegu<span class=\"_ _0\"></span>ire i ricavi di vendita de<span class=\"_ _0\"></span>i prodotti e dei servizi. In merito alla rilevazi<span class=\"ls35 ws107\">one<span class=\"_ _0\"></span> dei costi sos<span class=\"_ _0\"></span>tenuti per le </span>presta<span class=\"_ _1\"></span>zioni d<span class=\"_ _1\"></span>i servi<span class=\"_ _1\"></span>zio,<span class=\"_ _1\"></span> general<span class=\"_ _1c\"></span>mente si f<span class=\"_ _1\"></span>a rif<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to alle <span class=\"_ _1\"></span>tempis<span class=\"_ _1\"></span>tich<span class=\"_ _1\"></span>e di pre<span class=\"_ _1\"></span>stazi<span class=\"_ _1\"></span>one del<span class=\"_ _1\"></span> ser<span class=\"_ _0\"></span>vizio<span class=\"_ _0\"></span> da parte<span class=\"_ _0\"></span> di enti<span class=\"_ _0\"></span>t\u00e0 ter<span class=\"_ _0\"></span>ze.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-706": {
   "value": "Costi d\u2019ese<span class=\"_ _1\"></span>rcizio<span class=\"ff1 fs4 ls1 ws1\"> </span>I cost<span class=\"_ _0\"></span>i d\u2019es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>izio<span class=\"ls1 ws1\"> <span class=\"_ _14\"> </span></span>sono decrem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i nei bene<span class=\"_ _0\"></span>fici ec<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>ici di com<span class=\"_ _0\"></span>peten<span class=\"_ _0\"></span>za dell<span class=\"_ _0\"></span>\u2019eser<span class=\"_ _0\"></span>cizio<span class=\"_ _0\"></span> amministr<span class=\"_ _0\"></span>ativo che si manifestano<span class=\"_ _0\"></span> sotto forma di flussi finanzia<span class=\"_ _0\"></span>ri in uscita o r<span class=\"_ _0\"></span>iduzione di valore di a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 o <span class=\"_ _1\"></span>sost<span class=\"_ _1\"></span>enim<span class=\"_ _1c\"></span>ento di p<span class=\"_ _1c\"></span>assivi<span class=\"_ _1\"></span>t\u00e0 ch<span class=\"_ _1c\"></span>e si co<span class=\"_ _1\"></span>ncre<span class=\"_ _1\"></span>tizza<span class=\"_ _1c\"></span>no in d<span class=\"_ _1\"></span>ecrem<span class=\"_ _1c\"></span>enti di<span class=\"_ _1\"></span> pat<span class=\"_ _1\"></span>rimo<span class=\"_ _1\"></span>nio<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls35 ws16\">netto, </span></span>diversi da quelli relat<span class=\"_ _0\"></span>ivi alle distribuzioni a coloro che partecipan<span class=\"_ _0\"></span>o al capitale. I costi comprendono anche le perdite<span class=\"_ _0\"></span>. I costi e le perdite sorgono nel cors<span class=\"_ _0\"></span>o dell\u2019attivit<span class=\"_ _0\"></span>\u00e0 ordinaria. <span class=\"ls1 ws1\"> </span>I costi sono cont<span class=\"_ _0\"></span>abilizzati secondo il principio<span class=\"_ _0\"></span> della competenza e quando sostenuti.<span class=\"ls1 ws1\"> </span>Un cos<span class=\"_ _1c\"></span>to \u00e8 con<span class=\"_ _1\"></span>sidera<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto q<span class=\"_ _1\"></span>uando<span class=\"_ _1c\"></span>:<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls1c ws26\">ne \u00e8 di<span class=\"_ _1\"></span>venu<span class=\"_ _1\"></span>ta certa<span class=\"_ _1\"></span> l\u2019esi<span class=\"_ _1c\"></span>stenza;<span class=\"ls1 ws1\"> </span></span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls30 ws27\">\u00e8 dete<span class=\"_ _1c\"></span>rminabil<span class=\"_ _1\"></span>e in <span class=\"_ _1\"></span>modo ob<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>tivo l<span class=\"_ _1\"></span>\u2019ammo<span class=\"_ _1c\"></span>ntare;<span class=\"ls1 ws1\"> </span></span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws77\">nella sostanza dell\u2019operazio<span class=\"_ _0\"></span>ne, \u00e8 possibile riscontare che <span class=\"ls30 ws5d\">l\u2019imp<span class=\"_ _1c\"></span>resa ha s<span class=\"_ _1\"></span>osten<span class=\"_ _1\"></span>uto qu<span class=\"_ _1\"></span>el cos<span class=\"_ _1\"></span>to </span></span></span>in base al principio<span class=\"_ _0\"></span> di competenza<span class=\"ls1 ws1\"> </span>Il costo di acquisto di merci e prodotti di consumo \u00e8 ricompreso in bilancio alla data del passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 coincidere<span class=\"_ _0\"></span> con la data di consegna degli stessi o, se anteriore, a<span class=\"_ _0\"></span>l momento del passaggio della propriet<span class=\"_ _0\"></span>\u00e0.<span class=\"ls1 ws1\"> </span>I costi<span class=\"_ _1\"></span> per i<span class=\"_ _1c\"></span>mposte i<span class=\"_ _1c\"></span>ndirett<span class=\"_ _1\"></span>e sorg<span class=\"_ _1c\"></span>ono al mo<span class=\"_ _1\"></span>mento d<span class=\"_ _1c\"></span>ell\u2019op<span class=\"_ _1\"></span>erazi<span class=\"_ _1\"></span>one co<span class=\"_ _1\"></span>mmerci<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>sogge<span class=\"_ _1\"></span>tta<span class=\"_ _1\"></span> all\u2019impos<span class=\"_ _0\"></span>izione.<span class=\"ls1 ws1\"> </span>I costi per<span class=\"_ _0\"></span> imposte dirette si manifest<span class=\"_ _0\"></span>ano al momento in cui viene determinato il relat<span class=\"_ _0\"></span>ivo presupposto,<span class=\"_ _0\"></span> cio\u00e8 in sede di ch<span class=\"_ _0\"></span>iusura del bilanc<span class=\"_ _0\"></span>io d\u2019esercizio; una<span class=\"_ _0\"></span> stima attendibile viene effettuata anch<span class=\"_ _0\"></span>e nella predisposizion<span class=\"_ _0\"></span>e delle situazioni infra<span class=\"ls1 ws1\">-<span class=\"ls35 ws16\">annu<span class=\"_ _0\"></span>ali.</span> </span>I costi sono valut<span class=\"_ _0\"></span>ati al fair value<span class=\"ls1 ws1\"> <span class=\"lse ws16\">dell\u2019<span class=\"_ _0\"></span>ammontare pagato<span class=\"_ _0\"></span> o da pagare.</span> </span>I cos<span class=\"_ _1\"></span>ti dei<span class=\"_ _1\"></span> serviz<span class=\"_ _1\"></span>i, in<span class=\"_ _1\"></span> quan<span class=\"_ _1\"></span>to re<span class=\"_ _1\"></span>munera<span class=\"_ _1c\"></span>zione di f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tori pr<span class=\"_ _1\"></span>odut<span class=\"_ _1\"></span>tivi, s<span class=\"_ _1\"></span>ono di<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span> dell\u2019eserc<span class=\"_ _0\"></span>izio nel quale i medesimi fatt<span class=\"_ _0\"></span>ori della produzione sono stati ut<span class=\"_ _0\"></span>ilizzati per consegu<span class=\"_ _0\"></span>ire i ricavi di vendita de<span class=\"_ _0\"></span>i prodotti e dei servizi. In merito alla rilevazi<span class=\"ls35 ws107\">one<span class=\"_ _0\"></span> dei costi sos<span class=\"_ _0\"></span>tenuti per le </span>presta<span class=\"_ _1\"></span>zioni d<span class=\"_ _1\"></span>i servi<span class=\"_ _1\"></span>zio,<span class=\"_ _1\"></span> general<span class=\"_ _1c\"></span>mente si f<span class=\"_ _1\"></span>a rif<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to alle <span class=\"_ _1\"></span>tempis<span class=\"_ _1\"></span>tich<span class=\"_ _1\"></span>e di pre<span class=\"_ _1\"></span>stazi<span class=\"_ _1\"></span>one del<span class=\"_ _1\"></span> ser<span class=\"_ _0\"></span>vizio<span class=\"_ _0\"></span> da parte<span class=\"_ _0\"></span> di enti<span class=\"_ _0\"></span>t\u00e0 ter<span class=\"_ _0\"></span>ze.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-694": {
   "value": "<div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls30 ws96 gs1b9\">Accord<span class=\"_ _1\"></span>i di pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti bas<span class=\"_ _1\"></span>ati su azi<span class=\"_ _1\"></span>oni<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs39d\">La soc<span class=\"_ _0\"></span>iet\u00e0 controllata Kair<span class=\"_ _0\"></span>os SGR nel c<span class=\"_ _0\"></span>orso dell\u2019eserc<span class=\"_ _0\"></span>izio 2025 ha st<span class=\"_ _0\"></span>ipulato con t<span class=\"_ _0\"></span>aluni managers </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws18b gs1bb\">degl<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>ordi<span class=\"_ _1\"></span> che p<span class=\"_ _1\"></span>reved<span class=\"_ _1c\"></span>ono il ri<span class=\"_ _1c\"></span>conosci<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> una<span class=\"_ _1\"></span> remu<span class=\"_ _1\"></span>nerazi<span class=\"_ _1c\"></span>one var<span class=\"_ _1\"></span>iabi<span class=\"_ _1\"></span>le da c<span class=\"_ _1c\"></span>orrisp<span class=\"_ _1\"></span>ondere<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws6f gs39e\">a condi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e che gl<span class=\"_ _1\"></span>i ste<span class=\"_ _1\"></span>ssi ri<span class=\"_ _1\"></span>manga<span class=\"_ _1\"></span>no in s<span class=\"_ _1\"></span>erviz<span class=\"_ _1\"></span>io pres<span class=\"_ _1\"></span>so la S<span class=\"_ _1\"></span>ocie<span class=\"lsf ws6b\">t\u00e0<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>no ad una<span class=\"_ _1\"></span> pred<span class=\"_ _1\"></span>ete<span class=\"_ _1\"></span>rmina<span class=\"_ _1c\"></span>ta </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws84 gs39f\">data.<span class=\"_ _0\"></span> Tale remun<span class=\"_ _0\"></span>eraz<span class=\"_ _0\"></span>ione \u00e8 com<span class=\"_ _0\"></span>posto da due<span class=\"_ _0\"></span> compon<span class=\"_ _0\"></span>enti: (i)<span class=\"_ _0\"></span> un ammont<span class=\"_ _0\"></span>are fis<span class=\"_ _0\"></span>so gi\u00e0 defin<span class=\"_ _0\"></span>ito </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws189 gs3a0\">e (ii) un ammontare correlato<span class=\"_ _0\"></span> ad un numero definito di azioni di Anima Holding, da </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1bf\">corrispon<span class=\"_ _0\"></span>dere, a discrezione della Societ<span class=\"_ _0\"></span>\u00e0, in azion<span class=\"lsf ws1f\">i o i<span class=\"_ _1\"></span>n cas<span class=\"_ _1\"></span>h. <span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws61 gs3a1\">Ai sensi del pr<span class=\"_ _0\"></span>incipio contabile<span class=\"_ _0\"></span> internazionale IFRS 2, solo la se<span class=\"_ _0\"></span>conda componente di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsd6 gs1c1\">rem<span class=\"_ _1\"></span>unera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e \u00e8 da<span class=\"_ _1\"></span> cons<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>rarsi<span class=\"_ _1\"></span> un pa<span class=\"_ _1\"></span>gam<span class=\"_ _1\"></span>ento b<span class=\"_ _1\"></span>asat<span class=\"_ _1\"></span>o su s<span class=\"_ _1\"></span>trume<span class=\"_ _1c\"></span>nti rap<span class=\"_ _1\"></span>pres<span class=\"_ _1\"></span>enta<span class=\"_ _1\"></span>tivi d<span class=\"_ _1\"></span>i cap<span class=\"_ _1\"></span>ital<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws19 gs3a2\">a fronte della prestazione lavorativa offerta dai managers durante la durata <span class=\"lse ws28\">di attu<span class=\"_ _0\"></span>azione degli </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls3f wsb6 gs3a3\">acc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>di st<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse wsd9 gs3a4\">L\u2019im<span class=\"_ _0\"></span>presa riceve servizi dai dipen<span class=\"_ _0\"></span>denti in cambio di strument<span class=\"_ _0\"></span>i rappresentat<span class=\"_ _0\"></span>ivi del capitale e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3a5\">rileva il cost<span class=\"_ _0\"></span>o degli stessi a mano a mano che il dipendente presta il proprio ser<span class=\"_ _0\"></span>vizio. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws2b gs3a6\">Nell<span class=\"_ _1\"></span>\u2019accord<span class=\"_ _1c\"></span>o come <span class=\"_ _1\"></span>sop<span class=\"_ _1\"></span>ra pr<span class=\"_ _1\"></span>ecisa<span class=\"_ _1\"></span>to, \u00e8<span class=\"_ _1\"></span> prev<span class=\"_ _1\"></span>ista<span class=\"_ _1\"></span> una <span class=\"_ _1\"></span>clau<span class=\"_ _1\"></span>sola<span class=\"_ _1\"></span> per c<span class=\"_ _1\"></span>ui Kai<span class=\"_ _1c\"></span>ros SG<span class=\"_ _1\"></span>R pu<span class=\"_ _1\"></span>\u00f2 deci<span class=\"_ _1\"></span>dere<span class=\"_ _1\"></span>, in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3a7\">modo unilaterale,<span class=\"_ _0\"></span> di pagare alla scadenza contant<span class=\"_ _0\"></span>i o strumenti di capitale.<span class=\"ls1 ws1\"> </span></div>L\u2019IFRS 2,<span class=\"_ _0\"></span> nella circostanza in cui la societ<span class=\"_ _0\"></span>\u00e0 ha il diritto di decidere<span class=\"_ _0\"></span> in modo unilaterale se pagare<span class=\"_ _0\"></span> con s<span class=\"_ _1c\"></span>trumen<span class=\"_ _1\"></span>ti di<span class=\"_ _1c\"></span> capita<span class=\"_ _1\"></span>le (\u201c<span class=\"_ _1\"></span>equi<span class=\"_ _1\"></span>ty<span class=\"ls1 ws1\">-<span class=\"ls11 ws13a\">settled\u201d) o contanti (\u201ccash</span>-<span class=\"ls1d wsbe\">set<span class=\"_ _0\"></span>tled\u201d)<span class=\"_ _0\"></span>, preve<span class=\"_ _0\"></span>de che, a<span class=\"_ _0\"></span>l fine di </span></span>determin<span class=\"_ _0\"></span>are la corretta contabilizzazione<span class=\"_ _0\"></span> di tali accordi, si debba valu<span class=\"_ _0\"></span>tare se la societ\u00e0 ha assu<span class=\"_ _1\"></span>nto un<span class=\"_ _1c\"></span>\u2019obbli<span class=\"_ _1\"></span>gaz<span class=\"_ _1\"></span>ione a<span class=\"_ _1\"></span> paga<span class=\"_ _1\"></span>re con<span class=\"_ _1\"></span>tanti<span class=\"_ _1c\"></span>; in alte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>va, i<span class=\"_ _1\"></span>n ass<span class=\"_ _1\"></span>enza d<span class=\"_ _1\"></span>i tal<span class=\"_ _1\"></span>e obbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span>, dovr\u00e0 rileva<span class=\"_ _1\"></span>re l\u2019op<span class=\"_ _1\"></span>erazi<span class=\"_ _1c\"></span>one come eq<span class=\"_ _1c\"></span>uity<span class=\"ls1 ws1\">-<span class=\"lsf ws28\">settl<span class=\"_ _1c\"></span>ed.<span class=\"ls1 ws1\"> </span></span></span>A seguito dell\u2019analisi degli accordi sottoscr<span class=\"_ _0\"></span>itti con i managers, delle intenzioni del management del G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1c\"></span>ma e c<span class=\"_ _1\"></span>onsi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>ndo a<span class=\"_ _1c\"></span>nche i c<span class=\"_ _1\"></span>ompo<span class=\"_ _1\"></span>rtam<span class=\"_ _1\"></span>enti<span class=\"_ _1\"></span> ten<span class=\"_ _1\"></span>uti d<span class=\"_ _1\"></span>al Gr<span class=\"_ _1\"></span>uppo A<span class=\"_ _1c\"></span>nima n<span class=\"_ _1\"></span>ei precedenti e<span class=\"_ _0\"></span>sercizi, la co<span class=\"_ _0\"></span>ntrollata ha de<span class=\"_ _0\"></span>finito di rilevare<span class=\"_ _0\"></span> il pagamento bas<span class=\"lsf ws115\">ato su azi<span class=\"_ _1\"></span>oni c<span class=\"_ _1c\"></span>ome </span>cash<span class=\"ls1 ws1\">-<span class=\"ls1c ws27\">settled<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span></span></span>Pertanto,<span class=\"_ _0\"></span> l\u2019obbligazione della Societ<span class=\"_ _0\"></span>\u00e0 \u00e8 stata rappresentata da un<span class=\"_ _0\"></span>a passivit\u00e0 rilevat<span class=\"_ _0\"></span>a nella voce \u201c80. Altre<span class=\"_ _0\"></span> passivit\u00e0\u201d in contropart<span class=\"_ _0\"></span>ita del costo rilevato ne<span class=\"_ _0\"></span>lla voce \u201c140. Spese<span class=\"_ _0\"></span> amministrative <span class=\"ls1 ws1\">- <span class=\"ls32 ws5e\">a) </span></span>Spese per<span class=\"_ _0\"></span> il personale\u201d. Ad ogn<span class=\"_ _0\"></span>i data di reporting,<span class=\"_ _0\"></span> il fa<span class=\"ls0 ws65\">ir value della passivit<span class=\"_ _0\"></span>\u00e0 finanziaria viene </span>rical<span class=\"_ _1\"></span>colat<span class=\"_ _1\"></span>o e l\u2019ev<span class=\"_ _1c\"></span>entual<span class=\"_ _1\"></span>e ad<span class=\"_ _1\"></span>eguame<span class=\"_ _1c\"></span>nto rileva<span class=\"_ _1c\"></span>to a co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1\"></span>co.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-707": {
   "value": "Accord<span class=\"_ _1\"></span>i di pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti bas<span class=\"_ _1\"></span>ati su azi<span class=\"_ _1\"></span>oni<span class=\"ls1 ws1\"> </span>La soc<span class=\"_ _0\"></span>iet\u00e0 controllata Kair<span class=\"_ _0\"></span>os SGR nel c<span class=\"_ _0\"></span>orso dell\u2019eserc<span class=\"_ _0\"></span>izio 2025 ha st<span class=\"_ _0\"></span>ipulato con t<span class=\"_ _0\"></span>aluni managers degl<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>ordi<span class=\"_ _1\"></span> che p<span class=\"_ _1\"></span>reved<span class=\"_ _1c\"></span>ono il ri<span class=\"_ _1c\"></span>conosci<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> una<span class=\"_ _1\"></span> remu<span class=\"_ _1\"></span>nerazi<span class=\"_ _1c\"></span>one var<span class=\"_ _1\"></span>iabi<span class=\"_ _1\"></span>le da c<span class=\"_ _1c\"></span>orrisp<span class=\"_ _1\"></span>ondere<span class=\"_ _1c\"></span> a condi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e che gl<span class=\"_ _1\"></span>i ste<span class=\"_ _1\"></span>ssi ri<span class=\"_ _1\"></span>manga<span class=\"_ _1\"></span>no in s<span class=\"_ _1\"></span>erviz<span class=\"_ _1\"></span>io pres<span class=\"_ _1\"></span>so la S<span class=\"_ _1\"></span>ocie<span class=\"lsf ws6b\">t\u00e0<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>no ad una<span class=\"_ _1\"></span> pred<span class=\"_ _1\"></span>ete<span class=\"_ _1\"></span>rmina<span class=\"_ _1c\"></span>ta </span>data.<span class=\"_ _0\"></span> Tale remun<span class=\"_ _0\"></span>eraz<span class=\"_ _0\"></span>ione \u00e8 com<span class=\"_ _0\"></span>posto da due<span class=\"_ _0\"></span> compon<span class=\"_ _0\"></span>enti: (i)<span class=\"_ _0\"></span> un ammont<span class=\"_ _0\"></span>are fis<span class=\"_ _0\"></span>so gi\u00e0 defin<span class=\"_ _0\"></span>ito e (ii) un ammontare correlato<span class=\"_ _0\"></span> ad un numero definito di azioni di Anima Holding, da corrispon<span class=\"_ _0\"></span>dere, a discrezione della Societ<span class=\"_ _0\"></span>\u00e0, in azion<span class=\"lsf ws1f\">i o i<span class=\"_ _1\"></span>n cas<span class=\"_ _1\"></span>h. <span class=\"ls1 ws1\"> </span></span>Ai sensi del pr<span class=\"_ _0\"></span>incipio contabile<span class=\"_ _0\"></span> internazionale IFRS 2, solo la se<span class=\"_ _0\"></span>conda componente di rem<span class=\"_ _1\"></span>unera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e \u00e8 da<span class=\"_ _1\"></span> cons<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>rarsi<span class=\"_ _1\"></span> un pa<span class=\"_ _1\"></span>gam<span class=\"_ _1\"></span>ento b<span class=\"_ _1\"></span>asat<span class=\"_ _1\"></span>o su s<span class=\"_ _1\"></span>trume<span class=\"_ _1c\"></span>nti rap<span class=\"_ _1\"></span>pres<span class=\"_ _1\"></span>enta<span class=\"_ _1\"></span>tivi d<span class=\"_ _1\"></span>i cap<span class=\"_ _1\"></span>ital<span class=\"_ _1\"></span>e a fronte della prestazione lavorativa offerta dai managers durante la durata <span class=\"lse ws28\">di attu<span class=\"_ _0\"></span>azione degli </span>acc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>di st<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>L\u2019im<span class=\"_ _0\"></span>presa riceve servizi dai dipen<span class=\"_ _0\"></span>denti in cambio di strument<span class=\"_ _0\"></span>i rappresentat<span class=\"_ _0\"></span>ivi del capitale e rileva il cost<span class=\"_ _0\"></span>o degli stessi a mano a mano che il dipendente presta il proprio ser<span class=\"_ _0\"></span>vizio. <span class=\"ls1 ws1\"> </span>Nell<span class=\"_ _1\"></span>\u2019accord<span class=\"_ _1c\"></span>o come <span class=\"_ _1\"></span>sop<span class=\"_ _1\"></span>ra pr<span class=\"_ _1\"></span>ecisa<span class=\"_ _1\"></span>to, \u00e8<span class=\"_ _1\"></span> prev<span class=\"_ _1\"></span>ista<span class=\"_ _1\"></span> una <span class=\"_ _1\"></span>clau<span class=\"_ _1\"></span>sola<span class=\"_ _1\"></span> per c<span class=\"_ _1\"></span>ui Kai<span class=\"_ _1c\"></span>ros SG<span class=\"_ _1\"></span>R pu<span class=\"_ _1\"></span>\u00f2 deci<span class=\"_ _1\"></span>dere<span class=\"_ _1\"></span>, in modo unilaterale,<span class=\"_ _0\"></span> di pagare alla scadenza contant<span class=\"_ _0\"></span>i o strumenti di capitale.<div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs3a9\">L\u2019IFRS 2,<span class=\"_ _0\"></span> nella circostanza in cui la societ<span class=\"_ _0\"></span>\u00e0 ha il diritto di decidere<span class=\"_ _0\"></span> in modo unilaterale se pagare<span class=\"_ _0\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws90 gs3aa\">con s<span class=\"_ _1c\"></span>trumen<span class=\"_ _1\"></span>ti di<span class=\"_ _1c\"></span> capita<span class=\"_ _1\"></span>le (\u201c<span class=\"_ _1\"></span>equi<span class=\"_ _1\"></span>ty<span class=\"ls1 ws1\">-<span class=\"ls11 ws13a\">settled\u201d) o contanti (\u201ccash</span>-<span class=\"ls1d wsbe\">set<span class=\"_ _0\"></span>tled\u201d)<span class=\"_ _0\"></span>, preve<span class=\"_ _0\"></span>de che, a<span class=\"_ _0\"></span>l fine di </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs3ab\">determin<span class=\"_ _0\"></span>are la corretta contabilizzazione<span class=\"_ _0\"></span> di tali accordi, si debba valu<span class=\"_ _0\"></span>tare se la societ\u00e0 ha </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws8e gs3ac\">assu<span class=\"_ _1\"></span>nto un<span class=\"_ _1c\"></span>\u2019obbli<span class=\"_ _1\"></span>gaz<span class=\"_ _1\"></span>ione a<span class=\"_ _1\"></span> paga<span class=\"_ _1\"></span>re con<span class=\"_ _1\"></span>tanti<span class=\"_ _1c\"></span>; in alte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>va, i<span class=\"_ _1\"></span>n ass<span class=\"_ _1\"></span>enza d<span class=\"_ _1\"></span>i tal<span class=\"_ _1\"></span>e obbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span>, dovr\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs3ad\">rileva<span class=\"_ _1\"></span>re l\u2019op<span class=\"_ _1\"></span>erazi<span class=\"_ _1c\"></span>one come eq<span class=\"_ _1c\"></span>uity<span class=\"ls1 ws1\">-<span class=\"lsf ws28\">settl<span class=\"_ _1c\"></span>ed.<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3ae\">A seguito dell\u2019analisi degli accordi sottoscr<span class=\"_ _0\"></span>itti con i managers, delle intenzioni del management </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws152 gs3af\">del G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1c\"></span>ma e c<span class=\"_ _1\"></span>onsi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>ndo a<span class=\"_ _1c\"></span>nche i c<span class=\"_ _1\"></span>ompo<span class=\"_ _1\"></span>rtam<span class=\"_ _1\"></span>enti<span class=\"_ _1\"></span> ten<span class=\"_ _1\"></span>uti d<span class=\"_ _1\"></span>al Gr<span class=\"_ _1\"></span>uppo A<span class=\"_ _1c\"></span>nima n<span class=\"_ _1\"></span>ei </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs3b0\">precedenti e<span class=\"_ _0\"></span>sercizi, la co<span class=\"_ _0\"></span>ntrollata ha de<span class=\"_ _0\"></span>finito di rilevare<span class=\"_ _0\"></span> il pagamento bas<span class=\"lsf ws115\">ato su azi<span class=\"_ _1\"></span>oni c<span class=\"_ _1c\"></span>ome </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gs3b1\">cash<span class=\"ls1 ws1\">-<span class=\"ls1c ws27\">settled<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs3b2\">Pertanto,<span class=\"_ _0\"></span> l\u2019obbligazione della Societ<span class=\"_ _0\"></span>\u00e0 \u00e8 stata rappresentata da un<span class=\"_ _0\"></span>a passivit\u00e0 rilevat<span class=\"_ _0\"></span>a nella voce </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs3b3\">\u201c80. Altre<span class=\"_ _0\"></span> passivit\u00e0\u201d in contropart<span class=\"_ _0\"></span>ita del costo rilevato ne<span class=\"_ _0\"></span>lla voce \u201c140. Spese<span class=\"_ _0\"></span> amministrative <span class=\"ls1 ws1\">- <span class=\"ls32 ws5e\">a) </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws5b gs3b4\">Spese per<span class=\"_ _0\"></span> il personale\u201d. Ad ogn<span class=\"_ _0\"></span>i data di reporting,<span class=\"_ _0\"></span> il fa<span class=\"ls0 ws65\">ir value della passivit<span class=\"_ _0\"></span>\u00e0 finanziaria viene </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs3b5\">rical<span class=\"_ _1\"></span>colat<span class=\"_ _1\"></span>o e l\u2019ev<span class=\"_ _1c\"></span>entual<span class=\"_ _1\"></span>e ad<span class=\"_ _1\"></span>eguame<span class=\"_ _1c\"></span>nto rileva<span class=\"_ _1c\"></span>to a co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1\"></span>co.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-708": {
   "value": "<div class=\"t m0 h9 ff1 fs5 fc0 sc0 ls121 ws345 gs3b7\">I<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span> Test<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs3b8\">Le attivit\u00e0 immateriali co<span class=\"_ _0\"></span>n vita utile definita sono soggette alla verifica di perdite di valore (\u201ctest </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs3b9\">di impairment<span class=\"_ _0\"></span>\u201d) se esiste un\u2019indica<span class=\"_ _0\"></span>zione che il valore contabile del bene non possa pi\u00f9<span class=\"_ _0\"></span> essere </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wse7 gs3ba\">recup<span class=\"_ _1c\"></span>erato. Il<span class=\"_ _1\"></span> val<span class=\"_ _1\"></span>ore re<span class=\"_ _1\"></span>cupera<span class=\"_ _1\"></span>bile <span class=\"_ _1c\"></span>\u00e8 determi<span class=\"_ _1c\"></span>nato d<span class=\"_ _1\"></span>al magg<span class=\"_ _1\"></span><span class=\"ls0 wsfe\">iore tra il fair value dell\u2019att<span class=\"_ _0\"></span>ivit\u00e0 al </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3bb\">netto degli oneri di dismis<span class=\"_ _0\"></span>sione e il valore d\u2019uso.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs3bc\">Le attivit\u00e0 immater<span class=\"_ _0\"></span>iali a vita utile indefinita, invece, sono sotto<span class=\"_ _0\"></span>poste ad un test di impairment al </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3bd\">fine di <span class=\"_ _0\"></span>verificare se <span class=\"_ _0\"></span>esistono obiett<span class=\"_ _0\"></span>ive evidenze che <span class=\"_ _0\"></span>l\u2019attivit\u00e0 po<span class=\"_ _0\"></span>ssa aver subito un<span class=\"_ _0\"></span>a riduzione di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws104 gs3be\">valore, ad ogni dat<span class=\"_ _0\"></span>a di redazione del bilancio. In part<span class=\"ls0 wsae\">icolar<span class=\"_ _0\"></span>e, tra le attivit\u00e0 immateriali a vita utile </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc1 gs3bf\">indefin<span class=\"_ _0\"></span>ita \u00e8 compreso l\u2019avviamento,<span class=\"_ _0\"></span> rilevato a seguito<span class=\"_ _0\"></span> di operazioni di acquisizione<span class=\"_ _0\"></span> ed in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3c0\">applicazione de<span class=\"_ _0\"></span>l principio contabile intern<span class=\"_ _0\"></span>azionale IFRS 3.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsef gs3c1\">L\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto, n<span class=\"_ _1\"></span>on pre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>ndo fl<span class=\"_ _1\"></span>ussi fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1c\"></span>ari auto<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>, \u00e8 sott<span class=\"_ _1\"></span>opost<span class=\"_ _1\"></span>o ad u<span class=\"_ _1\"></span>na veri<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs3c2\">dell\u2019adegu<span class=\"_ _0\"></span>atezza del valore iscritto tra le attivit\u00e0 con riferimento alla <span class=\"ff5 ls41 ws346\">Ca<span class=\"_ _1c\"></span>sh Ge<span class=\"_ _0\"></span>nera<span class=\"_ _d\"></span>ti<span class=\"_ _1c\"></span>ng<span class=\"_ _1\"></span> Uni<span class=\"_ _1c\"></span>t<span class=\"ff1 ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs3c3\">(\u201cCGU\u201d) a cui i valori sono stati attribuiti in occasione delle operazioni di aggregazione aziendale.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wsff gs3c4\">L\u2019amm<span class=\"_ _1\"></span>ontare d<span class=\"_ _1c\"></span>ell\u2019eve<span class=\"_ _1\"></span>ntuale ri<span class=\"_ _1\"></span>duzi<span class=\"_ _1\"></span>one di v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> \u00e8 determi<span class=\"_ _1c\"></span>nato sulla<span class=\"_ _1\"></span> base del<span class=\"_ _1\"></span>la di<span class=\"_ _1\"></span>ffere<span class=\"_ _1\"></span>nza tra i<span class=\"_ _1\"></span>l </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs3c5\">valore cont<span class=\"_ _0\"></span>abile della CGU e il valo<span class=\"_ _0\"></span>re recuperabile della s<span class=\"_ _0\"></span>tessa, rappr<span class=\"_ _0\"></span>esentato dal maggiore<span class=\"_ _0\"></span> tra </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3c6\">il fair value,<span class=\"_ _0\"></span> (al netto di eventuali cost<span class=\"_ _0\"></span>i di vendita) ed il v<span class=\"ls31 ws2b\">alor<span class=\"_ _0\"></span>e d\u2019uso.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs3c7\">Il valore d\u2019uso della CGU \u00e8 determinato attraverso<span class=\"_ _0\"></span> la stima del valore attuale dei flussi finanziari </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs3c8\">futuri che si prevede pos<span class=\"_ _0\"></span>sano essere generati dalla CGU, utilizzando<span class=\"_ _0\"></span> il metodo di valutazione </div><div class=\"t m0 h2 ff5 fs0 fc0 sc0 ls41 ws15a gs3c9\">Di<span class=\"_ _1\"></span>scou<span class=\"_ _1\"></span>nted Ca<span class=\"_ _1c\"></span>sh Fl<span class=\"_ _1c\"></span>ow<span class=\"ff1 ls0 ws54\">.<span class=\"_ _0\"></span> I flussi finanziar<span class=\"_ _0\"></span>i sono determinati utiliz<span class=\"_ _0\"></span>zando l\u2019ultimo piano d\u2019impres<span class=\"_ _0\"></span>a </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs3ca\">disponibile<span class=\"_ _0\"></span> ovvero, in mancanza, attr<span class=\"_ _0\"></span>averso la formulazione<span class=\"_ _0\"></span> di un piano pre<span class=\"_ _0\"></span>visionale interno da </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs3cb\">parte del management o attr<span class=\"_ _0\"></span>averso altre evidenze esterne dispon<span class=\"_ _0\"></span>ibili. Normalmente il<span class=\"ls1 ws1\"> <span class=\"ls30 ws1f\">peri<span class=\"_ _1\"></span>odo </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3cc\">di previsione analit<span class=\"_ _0\"></span>ico comprend<span class=\"ls30 ws27\">e un a<span class=\"_ _1\"></span>rco te<span class=\"_ _1\"></span>mpora<span class=\"_ _1\"></span>le ma<span class=\"_ _1\"></span>ssim<span class=\"_ _1\"></span>o di ci<span class=\"_ _1\"></span>nque <span class=\"_ _1\"></span>anni<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs3cd\">La perdita di valo<span class=\"_ _0\"></span>re registr<span class=\"_ _0\"></span>ata dalla CGU \u00e8 alloc<span class=\"_ _0\"></span>ata alle singo<span class=\"_ _0\"></span>le attivit\u00e0 non monet<span class=\"_ _0\"></span>arie che la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws28 gs3ce\">compongono<span class=\"_ _0\"></span> nel <span class=\"_ _0\"></span>seguente o<span class=\"_ _0\"></span>rdine:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gs3cf\">a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls30 ws27\">in pri<span class=\"_ _1c\"></span>mo luogo<span class=\"_ _1\"></span>, all\u2019<span class=\"_ _1\"></span>avvia<span class=\"_ _1c\"></span>mento all<span class=\"_ _1c\"></span>ocato al<span class=\"_ _1\"></span>la CG<span class=\"_ _1\"></span>U;<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs3d0\">b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws74\">in secondo luogo, alle altre a<span class=\"_ _0\"></span>ttivit\u00e0 non monetar<span class=\"_ _0\"></span>ie proporzionalmente ai relativ<span class=\"_ _0\"></span>i valori </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs3d1\">contabili.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs3d2\">Nel caso in cui le ragioni che hanno portato a rilevare una perdita di valore siano rimosse a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs3d3\">seguito<span class=\"_ _0\"></span> di un evento verificatos<span class=\"_ _0\"></span>i successivamente alla r<span class=\"_ _0\"></span>ilevazione della ridu<span class=\"_ _0\"></span>zione di valore, si </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gs3d4\">proc<span class=\"_ _1\"></span>ede a <span class=\"_ _1\"></span>regis<span class=\"_ _1\"></span>trare<span class=\"_ _1\"></span> una<span class=\"_ _1\"></span> ripres<span class=\"_ _1\"></span>a di v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e ril<span class=\"_ _1\"></span>evata a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"ls1c ws9d\">mi<span class=\"_ _1\"></span>co. L\u2019ev<span class=\"_ _1\"></span>entual<span class=\"_ _1\"></span>e svaluta<span class=\"_ _1\"></span>zion<span class=\"_ _1c\"></span>e </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs3d5\">dell<span class=\"_ _1\"></span>\u2019avvi<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>to no<span class=\"_ _1\"></span>n viene<span class=\"_ _1\"></span> in ness<span class=\"_ _1c\"></span>un caso rip<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tinata<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-695": {
   "value": "I<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span> Test<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Le attivit\u00e0 immateriali co<span class=\"_ _0\"></span>n vita utile definita sono soggette alla verifica di perdite di valore (\u201ctest di impairment<span class=\"_ _0\"></span>\u201d) se esiste un\u2019indica<span class=\"_ _0\"></span>zione che il valore contabile del bene non possa pi\u00f9<span class=\"_ _0\"></span> essere recup<span class=\"_ _1c\"></span>erato. Il<span class=\"_ _1\"></span> val<span class=\"_ _1\"></span>ore re<span class=\"_ _1\"></span>cupera<span class=\"_ _1\"></span>bile <span class=\"_ _1c\"></span>\u00e8 determi<span class=\"_ _1c\"></span>nato d<span class=\"_ _1\"></span>al magg<span class=\"_ _1\"></span><span class=\"ls0 wsfe\">iore tra il fair value dell\u2019att<span class=\"_ _0\"></span>ivit\u00e0 al </span>netto degli oneri di dismis<span class=\"_ _0\"></span>sione e il valore d\u2019uso.<span class=\"ls1 ws1\"> </span>Le attivit\u00e0 immater<span class=\"_ _0\"></span>iali a vita utile indefinita, invece, sono sotto<span class=\"_ _0\"></span>poste ad un test di impairment al fine di <span class=\"_ _0\"></span>verificare se <span class=\"_ _0\"></span>esistono obiett<span class=\"_ _0\"></span>ive evidenze che <span class=\"_ _0\"></span>l\u2019attivit\u00e0 po<span class=\"_ _0\"></span>ssa aver subito un<span class=\"_ _0\"></span>a riduzione di valore, ad ogni dat<span class=\"_ _0\"></span>a di redazione del bilancio. In part<span class=\"ls0 wsae\">icolar<span class=\"_ _0\"></span>e, tra le attivit\u00e0 immateriali a vita utile </span>indefin<span class=\"_ _0\"></span>ita \u00e8 compreso l\u2019avviamento,<span class=\"_ _0\"></span> rilevato a seguito<span class=\"_ _0\"></span> di operazioni di acquisizione<span class=\"_ _0\"></span> ed in applicazione de<span class=\"_ _0\"></span>l principio contabile intern<span class=\"_ _0\"></span>azionale IFRS 3.<span class=\"ls1 ws1\"> </span>L\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto, n<span class=\"_ _1\"></span>on pre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>ndo fl<span class=\"_ _1\"></span>ussi fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1c\"></span>ari auto<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>, \u00e8 sott<span class=\"_ _1\"></span>opost<span class=\"_ _1\"></span>o ad u<span class=\"_ _1\"></span>na veri<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span> dell\u2019adegu<span class=\"_ _0\"></span>atezza del valore iscritto tra le attivit\u00e0 con riferimento alla <span class=\"ff5 ls41 ws346\">Ca<span class=\"_ _1c\"></span>sh Ge<span class=\"_ _0\"></span>nera<span class=\"_ _d\"></span>ti<span class=\"_ _1c\"></span>ng<span class=\"_ _1\"></span> Uni<span class=\"_ _1c\"></span>t<span class=\"ff1 ls1 ws1\"> </span></span>(\u201cCGU\u201d) a cui i valori sono stati attribuiti in occasione delle operazioni di aggregazione aziendale.<span class=\"ls1 ws1\"> </span>L\u2019amm<span class=\"_ _1\"></span>ontare d<span class=\"_ _1c\"></span>ell\u2019eve<span class=\"_ _1\"></span>ntuale ri<span class=\"_ _1\"></span>duzi<span class=\"_ _1\"></span>one di v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> \u00e8 determi<span class=\"_ _1c\"></span>nato sulla<span class=\"_ _1\"></span> base del<span class=\"_ _1\"></span>la di<span class=\"_ _1\"></span>ffere<span class=\"_ _1\"></span>nza tra i<span class=\"_ _1\"></span>l valore cont<span class=\"_ _0\"></span>abile della CGU e il valo<span class=\"_ _0\"></span>re recuperabile della s<span class=\"_ _0\"></span>tessa, rappr<span class=\"_ _0\"></span>esentato dal maggiore<span class=\"_ _0\"></span> tra il fair value,<span class=\"_ _0\"></span> (al netto di eventuali cost<span class=\"_ _0\"></span>i di vendita) ed il v<span class=\"ls31 ws2b\">alor<span class=\"_ _0\"></span>e d\u2019uso.<span class=\"ls1 ws1\"> </span></span>Il valore d\u2019uso della CGU \u00e8 determinato attraverso<span class=\"_ _0\"></span> la stima del valore attuale dei flussi finanziari futuri che si prevede pos<span class=\"_ _0\"></span>sano essere generati dalla CGU, utilizzando<span class=\"_ _0\"></span> il metodo di valutazione Di<span class=\"_ _1\"></span>scou<span class=\"_ _1\"></span>nted Ca<span class=\"_ _1c\"></span>sh Fl<span class=\"_ _1c\"></span>ow<span class=\"ff1 ls0 ws54\">.<span class=\"_ _0\"></span> I flussi finanziar<span class=\"_ _0\"></span>i sono determinati utiliz<span class=\"_ _0\"></span>zando l\u2019ultimo piano d\u2019impres<span class=\"_ _0\"></span>a </span>disponibile<span class=\"_ _0\"></span> ovvero, in mancanza, attr<span class=\"_ _0\"></span>averso la formulazione<span class=\"_ _0\"></span> di un piano pre<span class=\"_ _0\"></span>visionale interno da parte del management o attr<span class=\"_ _0\"></span>averso altre evidenze esterne dispon<span class=\"_ _0\"></span>ibili. Normalmente il<span class=\"ls1 ws1\"> <span class=\"ls30 ws1f\">peri<span class=\"_ _1\"></span>odo </span></span>di previsione analit<span class=\"_ _0\"></span>ico comprend<span class=\"ls30 ws27\">e un a<span class=\"_ _1\"></span>rco te<span class=\"_ _1\"></span>mpora<span class=\"_ _1\"></span>le ma<span class=\"_ _1\"></span>ssim<span class=\"_ _1\"></span>o di ci<span class=\"_ _1\"></span>nque <span class=\"_ _1\"></span>anni<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span></span>La perdita di valo<span class=\"_ _0\"></span>re registr<span class=\"_ _0\"></span>ata dalla CGU \u00e8 alloc<span class=\"_ _0\"></span>ata alle singo<span class=\"_ _0\"></span>le attivit\u00e0 non monet<span class=\"_ _0\"></span>arie che la compongono<span class=\"_ _0\"></span> nel <span class=\"_ _0\"></span>seguente o<span class=\"_ _0\"></span>rdine:<span class=\"ls1 ws1\"> </span>a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls30 ws27\">in pri<span class=\"_ _1c\"></span>mo luogo<span class=\"_ _1\"></span>, all\u2019<span class=\"_ _1\"></span>avvia<span class=\"_ _1c\"></span>mento all<span class=\"_ _1c\"></span>ocato al<span class=\"_ _1\"></span>la CG<span class=\"_ _1\"></span>U;<span class=\"ls1 ws1\"> </span></span>b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws74\">in secondo luogo, alle altre a<span class=\"_ _0\"></span>ttivit\u00e0 non monetar<span class=\"_ _0\"></span>ie proporzionalmente ai relativ<span class=\"_ _0\"></span>i valori </span>contabili.<span class=\"ls1 ws1\"> </span>Nel caso in cui le ragioni che hanno portato a rilevare una perdita di valore siano rimosse a seguito<span class=\"_ _0\"></span> di un evento verificatos<span class=\"_ _0\"></span>i successivamente alla r<span class=\"_ _0\"></span>ilevazione della ridu<span class=\"_ _0\"></span>zione di valore, si proc<span class=\"_ _1\"></span>ede a <span class=\"_ _1\"></span>regis<span class=\"_ _1\"></span>trare<span class=\"_ _1\"></span> una<span class=\"_ _1\"></span> ripres<span class=\"_ _1\"></span>a di v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e ril<span class=\"_ _1\"></span>evata a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"ls1c ws9d\">mi<span class=\"_ _1\"></span>co. L\u2019ev<span class=\"_ _1\"></span>entual<span class=\"_ _1\"></span>e svaluta<span class=\"_ _1\"></span>zion<span class=\"_ _1c\"></span>e </span>dell<span class=\"_ _1\"></span>\u2019avvi<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>to no<span class=\"_ _1\"></span>n viene<span class=\"_ _1\"></span> in ness<span class=\"_ _1c\"></span>un caso rip<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tinata<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-651": {
   "value": "<div class=\"t m0 h8 ff2 fs4 fc0 sc0 ls11e ws13f gs3d7\">A.3 <span class=\"ls1 ws1\">\u2013 </span><span class=\"ws73\">INFO<span class=\"_ _1\"></span>RMAT<span class=\"_ _1\"></span>IVA SU<span class=\"_ _1\"></span>I TRASFERI<span class=\"_ _1c\"></span>MENTI TRA PORT<span class=\"_ _1\"></span>AFOGLI DI </span></div><div class=\"t m0 h8 ff2 fs4 fc0 sc0 ls11e ws73 gs3d8\">ATTIVI<span class=\"_ _1\"></span>TA\u2019 FINAN<span class=\"_ _1\"></span>ZIARIE<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs3d9\">Per quanto<span class=\"_ _0\"></span> riguarda l\u2019informativa r<span class=\"_ _0\"></span>ichiesta dall\u2019<span class=\"_ _0\"></span>IFRS 7 <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span><span class=\"ls11 wscf\">paragrafo 12 B, si attesta che nel corso </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs3da\">dell\u2019eserc<span class=\"_ _0\"></span>izio il Gruppo non ha effettuato<span class=\"_ _0\"></span> alcun trasferimento di attivit<span class=\"_ _0\"></span>\u00e0 finanziarie tr<span class=\"_ _0\"></span>a portafogli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs3db\">come d<span class=\"_ _1c\"></span>efini<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span> pri<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>io IFR<span class=\"_ _1c\"></span>S9.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReclassificationOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-623": {
   "value": "<div class=\"t m0 h8 ff2 fs4 fc0 sc0 ls11e ws13f gs3dd\">A.4 <span class=\"ls1 ws1\">\u2013 </span><span class=\"ws73\">INFO<span class=\"_ _1\"></span>RMAT<span class=\"_ _1\"></span>IVA SU<span class=\"_ _1\"></span>L FAIR VAL<span class=\"_ _1\"></span>UE<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls1 ws1 gs3de\">INFORMATIVA DI NATURA QUALITATIVA </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs3df\">La presente<span class=\"_ _0\"></span> sezione comprende l\u2019informat<span class=\"_ _0\"></span>iva sul fair value cos\u00ec come<span class=\"_ _0\"></span> richiesta dall\u2019IFRS 13<span class=\"_ _0\"></span>,<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws29 gs3e0\">paragrafi 91 e 92<span class=\"ls1 ws1\">. </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws13a gs3e1\">La gerarchia del fair value<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws99\">deve essere<span class=\"_ _0\"></span> applicata a tutti gli strumenti finanziari per i quali la </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3e2\">valutaz<span class=\"_ _0\"></span>ione al fair value \u00e8 rilevata nello<span class=\"_ _0\"></span> stato patrimoniale.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wsb5 gs3e3\">Il para<span class=\"_ _1\"></span>graf<span class=\"_ _1\"></span>o 24 d<span class=\"_ _1\"></span>ell\u2019I<span class=\"_ _1\"></span>FRS 13<span class=\"_ _1\"></span> defini<span class=\"_ _1c\"></span>sce fair<span class=\"_ _1\"></span> value (<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore equ<span class=\"_ _1\"></span>o) il c<span class=\"_ _1c\"></span>orrispet<span class=\"_ _1\"></span>tivo c<span class=\"_ _1\"></span>he p<span class=\"_ _1\"></span>otrebb<span class=\"_ _1\"></span>e ess<span class=\"_ _1\"></span>ere </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsf7 gs3e4\">ricev<span class=\"_ _1c\"></span>uto per v<span class=\"_ _1c\"></span>endere <span class=\"_ _1\"></span>un\u2019a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0, o p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>to per <span class=\"_ _1\"></span>trasf<span class=\"_ _1\"></span>erir<span class=\"_ _1c\"></span>e una pass<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0, i<span class=\"_ _1\"></span>n una <span class=\"_ _1\"></span>transa<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs3e5\">ordi<span class=\"_ _1\"></span>naria <span class=\"_ _1\"></span>tra c<span class=\"_ _1\"></span>ontrop<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span> di me<span class=\"_ _1\"></span>rcato<span class=\"_ _1\"></span>, nel <span class=\"_ _1\"></span>merca<span class=\"_ _1\"></span>to pri<span class=\"_ _1\"></span>ncipa<span class=\"_ _1\"></span>le.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs3e6\">Per gli strume<span class=\"_ _0\"></span>nti finanziari il fair<span class=\"_ _0\"></span> value viene determ<span class=\"_ _0\"></span>inato, nel caso di st<span class=\"_ _0\"></span>rumenti quotati su </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs3e7\">mercati attivi,<span class=\"_ _0\"></span> attraverso l\u2019utilizzo di prezzi acquisiti dai mercati finanziari,<span class=\"_ _0\"></span> oppure, per gli altri </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsaf gs3e8\">strumenti fin<span class=\"_ _0\"></span>anziari, mediante<span class=\"_ _0\"></span> l\u2019utilizzo di prezzi quot<span class=\"_ _0\"></span>ati per strumenti similar<span class=\"_ _0\"></span>i o di modelli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3e9\">valutativi inte<span class=\"_ _0\"></span>rni.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs3ea\">Il principio IFRS 13 sta<span class=\"_ _0\"></span>bilisce una gerarchia del fair value in funzione del grado di osservabilit<span class=\"_ _0\"></span>\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3eb\">degli input de<span class=\"_ _0\"></span>lle tecniche di valutazione adottate<span class=\"_ _0\"></span> per le valutazioni.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs3ec\">Di seguito<span class=\"_ _0\"></span> sono indicate le mo<span class=\"_ _0\"></span>dalit\u00e0 di classificazion<span class=\"_ _0\"></span>e degli strumenti fin<span class=\"_ _0\"></span>anziari nei t<span class=\"_ _0\"></span>re livelli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3ed\">della gerarchia<span class=\"_ _0\"></span> del fair value.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs3ef\">Livello 1<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws27 gs3f0\">In  <span class=\"ls0 wsc6\">tale live<span class=\"_ _0\"></span>llo devono essere<span class=\"_ _0\"></span> classificati gli st<span class=\"_ _0\"></span>rumenti finan<span class=\"_ _0\"></span>ziari valutati ut<span class=\"_ _0\"></span>ilizzando, senza </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs3f1\">apportare aggiu<span class=\"_ _0\"></span>stamenti, prezzi quotat<span class=\"_ _0\"></span>i in mercati att<span class=\"_ _0\"></span>ivi per strumenti identic<span class=\"_ _0\"></span>i a quelli o<span class=\"_ _0\"></span>ggetto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3f2\">di valutaz<span class=\"_ _0\"></span>ione.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs3f3\">Uno s<span class=\"_ _1c\"></span>trumen<span class=\"_ _1\"></span>to fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>o \u00e8 co<span class=\"_ _1c\"></span>nsidera<span class=\"_ _1\"></span>to q<span class=\"_ _1\"></span>uota<span class=\"_ _1\"></span>to in <span class=\"_ _1\"></span>un me<span class=\"_ _1\"></span>rcato<span class=\"_ _1c\"></span> attivo<span class=\"_ _1\"></span> qua<span class=\"_ _1\"></span>ndo:<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs3f4\">a) i prezzi quota<span class=\"_ _0\"></span>ti sono prontamente e regolarment<span class=\"_ _0\"></span>e disponibili in un listino di bor<span class=\"_ _0\"></span>sa oppure </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws191 gs3f5\">trami<span class=\"_ _1\"></span>te un <span class=\"_ _1\"></span>operat<span class=\"_ _1\"></span>ore,<span class=\"_ _1c\"></span> un interm<span class=\"_ _1\"></span>ediari<span class=\"_ _1c\"></span>o, una soci<span class=\"_ _1c\"></span>et\u00e0 di se<span class=\"_ _1\"></span>ttor<span class=\"_ _1\"></span>e o attrav<span class=\"_ _1\"></span>ers<span class=\"_ _1\"></span>o servi<span class=\"_ _1\"></span>zi di<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs3f6\">quota<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, e<span class=\"_ _1\"></span>nti a<span class=\"_ _1\"></span>utori<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ti o a<span class=\"_ _1\"></span>utori<span class=\"_ _1c\"></span>t\u00e0 di r<span class=\"_ _1\"></span>egola<span class=\"_ _1c\"></span>mentazi<span class=\"_ _1\"></span>one;<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws2b gs3f7\">b) i<span class=\"_ _1\"></span> prezzi q<span class=\"_ _1c\"></span>uotati<span class=\"_ _1\"></span> rapp<span class=\"_ _1\"></span>resen<span class=\"_ _1c\"></span>tano ope<span class=\"_ _1\"></span>razi<span class=\"_ _1\"></span>oni di <span class=\"_ _1\"></span>merca<span class=\"_ _1\"></span>to eff<span class=\"_ _1c\"></span>ettive c<span class=\"_ _1\"></span>he a<span class=\"_ _1\"></span>vveng<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>egolar<span class=\"_ _1c\"></span>mente </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs3f8\">in norm<span class=\"_ _0\"></span>ali contratt<span class=\"_ _0\"></span>azioni.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs3f9\">Se i prezz<span class=\"_ _0\"></span>i quotati soddisfano t<span class=\"_ _0\"></span>ali requisit<span class=\"_ _0\"></span>i, essi rappresentano<span class=\"_ _0\"></span> la migliore stim<span class=\"_ _0\"></span>a del fair value<span class=\"_ _0\"></span> e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3fa\">devono essere o<span class=\"_ _0\"></span>bbligatoriamente utilizzat<span class=\"_ _0\"></span>i per la valutazione dello strum<span class=\"_ _0\"></span>ento finanziario.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs3fb\">Si definisce Att<span class=\"_ _0\"></span>ivo, un mercato in cui le operazioni relat<span class=\"_ _0\"></span>ive ad attivit\u00e0 e passivit\u00e0 oggetto di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs3fc\">valutaz<span class=\"_ _0\"></span>ione si verificano con una fre<span class=\"_ _0\"></span>quenza e con volumi sufficienti a fornire<span class=\"_ _0\"></span> informazioni utili </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs3fd\">per la<span class=\"_ _1\"></span> det<span class=\"_ _1\"></span>ermi<span class=\"_ _1c\"></span>nazione<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> prez<span class=\"_ _1\"></span>zo s<span class=\"_ _1\"></span>u base<span class=\"_ _1c\"></span> conti<span class=\"_ _1\"></span>nuativ<span class=\"_ _1\"></span>a. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs3fe\">Dalla definizione<span class=\"_ _0\"></span> si evince che il concetto di mercato attivo \u00e8 propr<span class=\"_ _0\"></span>io del singolo strumento </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws10d gs3ff\">fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rio og<span class=\"_ _1\"></span>get<span class=\"_ _1c\"></span>to di va<span class=\"_ _1\"></span>lutazi<span class=\"_ _1c\"></span>one e n<span class=\"_ _1\"></span>on del<span class=\"_ _1c\"></span> merca<span class=\"_ _1\"></span>to di<span class=\"_ _1\"></span> quo<span class=\"_ _1\"></span>tazio<span class=\"_ _1\"></span>ne; di<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>nsegu<span class=\"_ _1c\"></span>enza, l<span class=\"_ _1\"></span>a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws9b gs400\">circ<span class=\"_ _1\"></span>ostan<span class=\"_ _1\"></span>za che <span class=\"_ _1\"></span>uno str<span class=\"_ _1\"></span>ument<span class=\"_ _1\"></span>o fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rio sia<span class=\"_ _1\"></span> quo<span class=\"_ _1\"></span>tato i<span class=\"_ _1\"></span>n un me<span class=\"_ _1\"></span>rcato <span class=\"_ _1\"></span>regol<span class=\"_ _1\"></span>am<span class=\"lsf ws6e\">enta<span class=\"_ _1c\"></span>to non \u00e8 di </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws6a gs401\">per s\u00e9 c<span class=\"_ _1c\"></span>on<span class=\"_ _0\"></span>diz<span class=\"_ _1\"></span>ione s<span class=\"_ _1\"></span>uffic<span class=\"_ _1\"></span>iente p<span class=\"_ _1\"></span>erch\u00e9 ta<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>trumen<span class=\"_ _1\"></span>to poss<span class=\"_ _1\"></span>a esse<span class=\"_ _1\"></span>re def<span class=\"_ _1\"></span>inito c<span class=\"_ _1\"></span>ome quo<span class=\"_ _1\"></span>tato i<span class=\"_ _1\"></span>n un </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs402\">merca<span class=\"_ _1\"></span>to at<span class=\"_ _1\"></span>tivo.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 lse ws16 gs403\">Livello 2<span class=\"_ _0\"></span> e 3<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs404\">Gli strumenti fin<span class=\"_ _0\"></span>anziari che non sono quotati in mercati attiv<span class=\"_ _0\"></span>i devono essere classificat<span class=\"_ _0\"></span>i nei livelli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws85 gs405\">2 o 3.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs406\">La classif<span class=\"_ _0\"></span>icazione nel livello 2 piutto<span class=\"_ _0\"></span>sto che nel livello 3 \u00e8 determinat<span class=\"_ _0\"></span>a in base all\u2019osservabilit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs407\">sui mercati degli input sign<span class=\"_ _0\"></span>ificativi utilizzat<span class=\"_ _0\"></span>i ai fini della determinazione del fair v<span class=\"_ _0\"></span>alue. Uno </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs408\">strumento fin<span class=\"_ _0\"></span>anziario deve essere classific<span class=\"_ _0\"></span>ato nella sua <span class=\"lsf ws17\">inte<span class=\"_ _1\"></span>rezz<span class=\"_ _1\"></span>a in <span class=\"_ _1\"></span>un uni<span class=\"_ _1\"></span>co liv<span class=\"_ _1c\"></span>ello; q<span class=\"_ _1\"></span>uand<span class=\"_ _1c\"></span>o, ai </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs409\">fini della valutazione di uno strumento, sono utilizzati input appartenent<span class=\"_ _0\"></span>i a livelli diversi, allo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1a2 gs40a\">strumento oggetto di valutazione v<span class=\"_ _0\"></span>iene attribuito il livello al quale appartiene l\u2019input </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs40b\">significat<span class=\"_ _0\"></span>ivo di livello <span class=\"lse ws16\">pi\u00f9 basso.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs40c\">Uno strumento<span class=\"_ _0\"></span> \u00e8 classificato ne<span class=\"_ _0\"></span>l livello 2 se tutt<span class=\"_ _0\"></span>i gli input signific<span class=\"_ _0\"></span>ativi sono osser<span class=\"_ _0\"></span>vabili sul </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d wseb gs40d\">mer<span class=\"_ _0\"></span>cato, dir<span class=\"_ _0\"></span>ettam<span class=\"_ _0\"></span>ente o ind<span class=\"_ _0\"></span>irett<span class=\"_ _0\"></span>amente<span class=\"_ _0\"></span>. Un inpu<span class=\"_ _0\"></span>t \u00e8 osserv<span class=\"_ _0\"></span>abile<span class=\"_ _0\"></span> quando r<span class=\"_ _0\"></span>iflett<span class=\"_ _0\"></span>e le stesse </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs40e\">assunzion<span class=\"_ _0\"></span>i utilizzate dai partecipanti al mercato, basate su dati di m<span class=\"ls30 wsb2\">erca<span class=\"_ _1c\"></span>to forni<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>a fon<span class=\"_ _1\"></span>ti </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs40f\">indipendent<span class=\"_ _0\"></span>i rispetto <span class=\"_ _0\"></span>al valut<span class=\"_ _0\"></span>atore.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs410\">Gli input di live<span class=\"_ _0\"></span>llo 2 sono i seguenti:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 fff fs0 fc0 sc0 ls1 ws1 gs411\"><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws0\">prezzi quot<span class=\"_ _0\"></span>ati su mercati attivi per att<span class=\"_ _0\"></span>ivit\u00e0 o passivit\u00e0 similar<span class=\"_ _0\"></span>i;</span><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 fff fs0 fc0 sc0 ls1 ws1 gs412\"><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws17\">prezz<span class=\"_ _1\"></span>i quo<span class=\"_ _1c\"></span>tati per l<span class=\"_ _1c\"></span>o strum<span class=\"_ _1\"></span>ento i<span class=\"_ _1c\"></span>n analis<span class=\"_ _1\"></span>i o p<span class=\"_ _1\"></span>er str<span class=\"_ _1c\"></span>umenti<span class=\"_ _1\"></span> simi<span class=\"_ _1\"></span>li su <span class=\"_ _1\"></span>merc<span class=\"_ _1\"></span>ati no<span class=\"_ _1c\"></span>n attivi<span class=\"_ _1c\"></span>, vale a<span class=\"_ _1c\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs413\">dire mercati in cui:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs414\">\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls31 ws2b\">ci sono<span class=\"_ _0\"></span> poche<span class=\"_ _0\"></span> transa<span class=\"_ _0\"></span>zioni;</span><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs415\">\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls30 ws6d\">i prez<span class=\"_ _1\"></span>zi no<span class=\"_ _1\"></span>n sono c<span class=\"_ _1c\"></span>orrenti <span class=\"_ _1\"></span>o varia<span class=\"_ _1c\"></span>no in mod<span class=\"_ _1\"></span>o sos<span class=\"_ _1\"></span>tanzial<span class=\"_ _1c\"></span>e nel te<span class=\"_ _1\"></span>mpo e t<span class=\"_ _1\"></span>ra i di<span class=\"_ _1\"></span>versi <span class=\"_ _1\"></span>marke<span class=\"_ _1\"></span>t </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs416\">make<span class=\"_ _1\"></span>r o po<span class=\"_ _1\"></span>ca inf<span class=\"_ _1\"></span>ormazi<span class=\"_ _1c\"></span>one \u00e8 res<span class=\"_ _1\"></span>a <span class=\"lse ws0\">pubblica;<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws2 gs417\">      <span class=\"ls0 ws0\">e inoltre siano rilevabili:</span><span class=\"ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs418\">\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws7e\">input di mercato osser<span class=\"_ _0\"></span>vabili (ad es.: tassi di interesse o curve di rendime<span class=\"_ _0\"></span>nto osservabili </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs419\">sui diversi buc<span class=\"_ _0\"></span>kets, volatilit\u00e0, etc.);<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs41b\">\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 wsf3\">input che derivano principalmente da dati di mercato osservabili la cui <span class=\"ls1d ws80\">rela<span class=\"_ _0\"></span>zione \u00e8 </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws29 gs41c\">avvalorata da parametri tra cui la correlazione.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs41d\">Uno strumento finanz<span class=\"_ _0\"></span>iario \u00e8 considerato di livello 3 nel caso in cui le tecniche di valutazione </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs41e\">adottate ut<span class=\"_ _0\"></span>ilizzino anche input non os<span class=\"_ _0\"></span>servabili sul mercato e il loro<span class=\"_ _0\"></span> contributo alla stima de<span class=\"_ _0\"></span>l fair </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs41f\">value sia conside<span class=\"_ _0\"></span>rato significativo.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs420\">Sono class<span class=\"_ _0\"></span>ificati nel livello 3 tutti gli s<span class=\"_ _0\"></span>trumenti finanziari non<span class=\"_ _0\"></span> quotati in un mercato attivo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs421\">quando, pur<span class=\"_ _0\"></span> disponendo di dati osservabili, si r<span class=\"_ _0\"></span>endono necessari aggiust<span class=\"_ _0\"></span>amenti significativi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs422\">sugli stessi basati su dati non osserva<span class=\"_ _0\"></span>bili, la stima si basa su assunzioni interne alla societ\u00e0 circa </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs423\">i futuri cash flow<span class=\"_ _0\"></span> e l\u2019aggiustamento per il rischio della c<span class=\"_ _0\"></span>urva di sconto.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h8 ff2 fs4 fc0 sc0 ls125 ws348 gs424\">A.4.1 Livelli di fair value 2 e 3: tecniche di <span class=\"_ _1\"></span>valutazione e input utilizzati<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs425\">Al 31 dicembre 2025, gli elementi patrimoniali valutati al fair value di livello 2 e 3 sono <span class=\"_ _1\"></span>costitu<span class=\"_ _0\"></span>iti:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs426\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls11 wse1\">da \u201cSubscriber shares\u201d della Sicav Ani<span class=\"_ _1\"></span>ma Funds rappresentative del valore nominale (c<span class=\"_ _1\"></span>he </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs427\">da Statuto non<span class=\"_ _0\"></span> attribuiscono alcun dir<span class=\"_ _0\"></span>itto/obbligo a parte<span class=\"_ _0\"></span>cipare agli ut<span class=\"_ _0\"></span>ili o alle perdite) con </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs428\">classifica<span class=\"_ _0\"></span>zione del fair value riferito a<span class=\"_ _0\"></span>llo strumento finanziario nel live<span class=\"_ _0\"></span>llo 2;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs429\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls11 ws141\">da attivit\u00e0 finanziarie valutate al fair value con impatto a <span class=\"_ _1\"></span>conto economico, rappresentate </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws75 gs42a\">principalmente<span class=\"_ _0\"></span> dalle seguenti quote di fondi d'invest<span class=\"_ _0\"></span>imento alternativo<span class=\"_ _0\"></span> (\u201cFIA\u201d) chiusi, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs42b\">riservati e<span class=\"_ _0\"></span> di diritto italiano, tutte<span class=\"_ _0\"></span> con classificazione de<span class=\"_ _0\"></span>l fair value nel livello 3: <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs42c\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 lsf ws1b9\">FIA p<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>ossi<span class=\"_ _1\"></span> e g<span class=\"_ _1\"></span>estiti<span class=\"_ _1c\"></span> da A<span class=\"_ _1\"></span>nima A<span class=\"_ _1\"></span>lter<span class=\"_ _1\"></span>nati<span class=\"_ _1\"></span>ve S<span class=\"_ _1\"></span>GR, l<span class=\"_ _1\"></span>a cui<span class=\"_ _1c\"></span> valuta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne av<span class=\"_ _1\"></span>vie<span class=\"_ _1\"></span>ne </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws90 gs42d\">utili<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ndo l'<span class=\"_ _1\"></span>ulti<span class=\"_ _1\"></span>mo N<span class=\"_ _1\"></span>et Ass<span class=\"_ _1\"></span>et Val<span class=\"_ _1c\"></span>ue (NAV)<span class=\"_ _1\"></span> rip<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>to nel<span class=\"_ _1\"></span> repo<span class=\"_ _1c\"></span>rt IPEV (<span class=\"_ _1\"></span>Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>onal<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws119 gs42e\">Priv<span class=\"_ _1\"></span>ate E<span class=\"_ _1\"></span>quity<span class=\"_ _1\"></span> &amp; Ve<span class=\"_ _1c\"></span>nture C<span class=\"_ _1\"></span>apita<span class=\"_ _1\"></span>l Va<span class=\"_ _1\"></span>luati<span class=\"_ _1\"></span>on) a<span class=\"_ _1c\"></span>pprova<span class=\"_ _1\"></span>to e p<span class=\"_ _1c\"></span>ubblica<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>on cad<span class=\"_ _1c\"></span>enza </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1f gs42f\">trime<span class=\"_ _1\"></span>stral<span class=\"_ _1\"></span>e; <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs430\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 lsf wsa0\">FIA c<span class=\"_ _1\"></span>hiusi<span class=\"_ _1\"></span> rise<span class=\"_ _1c\"></span>rvati d<span class=\"_ _1\"></span>i dir<span class=\"_ _1\"></span>itto i<span class=\"_ _1c\"></span>taliano<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>ti da Ka<span class=\"_ _1\"></span>iros<span class=\"_ _1\"></span> SGR<span class=\"_ _1\"></span>, da <span class=\"_ _1\"></span>BPM I<span class=\"_ _1\"></span>nvest<span class=\"_ _1\"></span> SGR <span class=\"_ _1\"></span>e da<span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws105 gs431\">una <span class=\"_ _1\"></span>SGR <span class=\"_ _1\"></span>terza<span class=\"_ _1\"></span>, la<span class=\"_ _1c\"></span> cui v<span class=\"_ _1\"></span>alutaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne avv<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>zando<span class=\"_ _1\"></span> l\u2019ul<span class=\"_ _1\"></span>timo<span class=\"_ _1\"></span> valo<span class=\"_ _1c\"></span>re qu<span class=\"_ _1\"></span>ota <span class=\"_ _1\"></span>reso<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs432\">disponibile<span class=\"_ _0\"></span> dalla societ\u00e0 di gestione;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs433\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 wsa7\">FIA immobiliari promossi e gestiti da Castello SGR, la cui valutazione avviene </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs434\">utilizzando<span class=\"_ _0\"></span> l\u2019ultimo valore quota reso disponibile<span class=\"_ _0\"></span> dalla societ\u00e0 di gestione.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-21": {
   "value": "A.4 <span class=\"ls1 ws1\">\u2013 </span><span class=\"ws73\">INFO<span class=\"_ _1\"></span>RMAT<span class=\"_ _1\"></span>IVA SU<span class=\"_ _1\"></span>L FAIR VAL<span class=\"_ _1\"></span>UE<span class=\"ls1 ws1\"> </span></span>INFORMATIVA DI NATURA QUALITATIVA La presente<span class=\"_ _0\"></span> sezione comprende l\u2019informat<span class=\"_ _0\"></span>iva sul fair value cos\u00ec come<span class=\"_ _0\"></span> richiesta dall\u2019IFRS 13<span class=\"_ _0\"></span>,<span class=\"ls1 ws1\"> </span>paragrafi 91 e 92<span class=\"ls1 ws1\">. </span>La gerarchia del fair value<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws99\">deve essere<span class=\"_ _0\"></span> applicata a tutti gli strumenti finanziari per i quali la </span></span>valutaz<span class=\"_ _0\"></span>ione al fair value \u00e8 rilevata nello<span class=\"_ _0\"></span> stato patrimoniale.<span class=\"ls1 ws1\"> </span>Il para<span class=\"_ _1\"></span>graf<span class=\"_ _1\"></span>o 24 d<span class=\"_ _1\"></span>ell\u2019I<span class=\"_ _1\"></span>FRS 13<span class=\"_ _1\"></span> defini<span class=\"_ _1c\"></span>sce fair<span class=\"_ _1\"></span> value (<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore equ<span class=\"_ _1\"></span>o) il c<span class=\"_ _1c\"></span>orrispet<span class=\"_ _1\"></span>tivo c<span class=\"_ _1\"></span>he p<span class=\"_ _1\"></span>otrebb<span class=\"_ _1\"></span>e ess<span class=\"_ _1\"></span>ere ricev<span class=\"_ _1c\"></span>uto per v<span class=\"_ _1c\"></span>endere <span class=\"_ _1\"></span>un\u2019a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0, o p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>to per <span class=\"_ _1\"></span>trasf<span class=\"_ _1\"></span>erir<span class=\"_ _1c\"></span>e una pass<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0, i<span class=\"_ _1\"></span>n una <span class=\"_ _1\"></span>transa<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> ordi<span class=\"_ _1\"></span>naria <span class=\"_ _1\"></span>tra c<span class=\"_ _1\"></span>ontrop<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span> di me<span class=\"_ _1\"></span>rcato<span class=\"_ _1\"></span>, nel <span class=\"_ _1\"></span>merca<span class=\"_ _1\"></span>to pri<span class=\"_ _1\"></span>ncipa<span class=\"_ _1\"></span>le.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Per gli strume<span class=\"_ _0\"></span>nti finanziari il fair<span class=\"_ _0\"></span> value viene determ<span class=\"_ _0\"></span>inato, nel caso di st<span class=\"_ _0\"></span>rumenti quotati su mercati attivi,<span class=\"_ _0\"></span> attraverso l\u2019utilizzo di prezzi acquisiti dai mercati finanziari,<span class=\"_ _0\"></span> oppure, per gli altri strumenti fin<span class=\"_ _0\"></span>anziari, mediante<span class=\"_ _0\"></span> l\u2019utilizzo di prezzi quot<span class=\"_ _0\"></span>ati per strumenti similar<span class=\"_ _0\"></span>i o di modelli valutativi inte<span class=\"_ _0\"></span>rni.<span class=\"ls1 ws1\"> </span>Il principio IFRS 13 sta<span class=\"_ _0\"></span>bilisce una gerarchia del fair value in funzione del grado di osservabilit<span class=\"_ _0\"></span>\u00e0 degli input de<span class=\"_ _0\"></span>lle tecniche di valutazione adottate<span class=\"_ _0\"></span> per le valutazioni.<span class=\"ls1 ws1\"> </span>Di seguito<span class=\"_ _0\"></span> sono indicate le mo<span class=\"_ _0\"></span>dalit\u00e0 di classificazion<span class=\"_ _0\"></span>e degli strumenti fin<span class=\"_ _0\"></span>anziari nei t<span class=\"_ _0\"></span>re livelli della gerarchia<span class=\"_ _0\"></span> del fair value.<span class=\"_ _4ac\"> </span>Livello 1<span class=\"ls1 ws1\"> </span>In  <span class=\"ls0 wsc6\">tale live<span class=\"_ _0\"></span>llo devono essere<span class=\"_ _0\"></span> classificati gli st<span class=\"_ _0\"></span>rumenti finan<span class=\"_ _0\"></span>ziari valutati ut<span class=\"_ _0\"></span>ilizzando, senza </span>apportare aggiu<span class=\"_ _0\"></span>stamenti, prezzi quotat<span class=\"_ _0\"></span>i in mercati att<span class=\"_ _0\"></span>ivi per strumenti identic<span class=\"_ _0\"></span>i a quelli o<span class=\"_ _0\"></span>ggetto di valutaz<span class=\"_ _0\"></span>ione.<span class=\"ls1 ws1\"> </span>Uno s<span class=\"_ _1c\"></span>trumen<span class=\"_ _1\"></span>to fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>o \u00e8 co<span class=\"_ _1c\"></span>nsidera<span class=\"_ _1\"></span>to q<span class=\"_ _1\"></span>uota<span class=\"_ _1\"></span>to in <span class=\"_ _1\"></span>un me<span class=\"_ _1\"></span>rcato<span class=\"_ _1c\"></span> attivo<span class=\"_ _1\"></span> qua<span class=\"_ _1\"></span>ndo:<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>a) i prezzi quota<span class=\"_ _0\"></span>ti sono prontamente e regolarment<span class=\"_ _0\"></span>e disponibili in un listino di bor<span class=\"_ _0\"></span>sa oppure trami<span class=\"_ _1\"></span>te un <span class=\"_ _1\"></span>operat<span class=\"_ _1\"></span>ore,<span class=\"_ _1c\"></span> un interm<span class=\"_ _1\"></span>ediari<span class=\"_ _1c\"></span>o, una soci<span class=\"_ _1c\"></span>et\u00e0 di se<span class=\"_ _1\"></span>ttor<span class=\"_ _1\"></span>e o attrav<span class=\"_ _1\"></span>ers<span class=\"_ _1\"></span>o servi<span class=\"_ _1\"></span>zi di<span class=\"_ _1c\"></span> quota<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, e<span class=\"_ _1\"></span>nti a<span class=\"_ _1\"></span>utori<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ti o a<span class=\"_ _1\"></span>utori<span class=\"_ _1c\"></span>t\u00e0 di r<span class=\"_ _1\"></span>egola<span class=\"_ _1c\"></span>mentazi<span class=\"_ _1\"></span>one;<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>b) i<span class=\"_ _1\"></span> prezzi q<span class=\"_ _1c\"></span>uotati<span class=\"_ _1\"></span> rapp<span class=\"_ _1\"></span>resen<span class=\"_ _1c\"></span>tano ope<span class=\"_ _1\"></span>razi<span class=\"_ _1\"></span>oni di <span class=\"_ _1\"></span>merca<span class=\"_ _1\"></span>to eff<span class=\"_ _1c\"></span>ettive c<span class=\"_ _1\"></span>he a<span class=\"_ _1\"></span>vveng<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>egolar<span class=\"_ _1c\"></span>mente in norm<span class=\"_ _0\"></span>ali contratt<span class=\"_ _0\"></span>azioni.<span class=\"ls1 ws1\"> </span>Se i prezz<span class=\"_ _0\"></span>i quotati soddisfano t<span class=\"_ _0\"></span>ali requisit<span class=\"_ _0\"></span>i, essi rappresentano<span class=\"_ _0\"></span> la migliore stim<span class=\"_ _0\"></span>a del fair value<span class=\"_ _0\"></span> e devono essere o<span class=\"_ _0\"></span>bbligatoriamente utilizzat<span class=\"_ _0\"></span>i per la valutazione dello strum<span class=\"_ _0\"></span>ento finanziario.<span class=\"ls1 ws1\"> </span>Si definisce Att<span class=\"_ _0\"></span>ivo, un mercato in cui le operazioni relat<span class=\"_ _0\"></span>ive ad attivit\u00e0 e passivit\u00e0 oggetto di valutaz<span class=\"_ _0\"></span>ione si verificano con una fre<span class=\"_ _0\"></span>quenza e con volumi sufficienti a fornire<span class=\"_ _0\"></span> informazioni utili per la<span class=\"_ _1\"></span> det<span class=\"_ _1\"></span>ermi<span class=\"_ _1c\"></span>nazione<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> prez<span class=\"_ _1\"></span>zo s<span class=\"_ _1\"></span>u base<span class=\"_ _1c\"></span> conti<span class=\"_ _1\"></span>nuativ<span class=\"_ _1\"></span>a. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Dalla definizione<span class=\"_ _0\"></span> si evince che il concetto di mercato attivo \u00e8 propr<span class=\"_ _0\"></span>io del singolo strumento fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rio og<span class=\"_ _1\"></span>get<span class=\"_ _1c\"></span>to di va<span class=\"_ _1\"></span>lutazi<span class=\"_ _1c\"></span>one e n<span class=\"_ _1\"></span>on del<span class=\"_ _1c\"></span> merca<span class=\"_ _1\"></span>to di<span class=\"_ _1\"></span> quo<span class=\"_ _1\"></span>tazio<span class=\"_ _1\"></span>ne; di<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>nsegu<span class=\"_ _1c\"></span>enza, l<span class=\"_ _1\"></span>a circ<span class=\"_ _1\"></span>ostan<span class=\"_ _1\"></span>za che <span class=\"_ _1\"></span>uno str<span class=\"_ _1\"></span>ument<span class=\"_ _1\"></span>o fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rio sia<span class=\"_ _1\"></span> quo<span class=\"_ _1\"></span>tato i<span class=\"_ _1\"></span>n un me<span class=\"_ _1\"></span>rcato <span class=\"_ _1\"></span>regol<span class=\"_ _1\"></span>am<span class=\"lsf ws6e\">enta<span class=\"_ _1c\"></span>to non \u00e8 di </span>per s\u00e9 c<span class=\"_ _1c\"></span>on<span class=\"_ _0\"></span>diz<span class=\"_ _1\"></span>ione s<span class=\"_ _1\"></span>uffic<span class=\"_ _1\"></span>iente p<span class=\"_ _1\"></span>erch\u00e9 ta<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>trumen<span class=\"_ _1\"></span>to poss<span class=\"_ _1\"></span>a esse<span class=\"_ _1\"></span>re def<span class=\"_ _1\"></span>inito c<span class=\"_ _1\"></span>ome quo<span class=\"_ _1\"></span>tato i<span class=\"_ _1\"></span>n un merca<span class=\"_ _1\"></span>to at<span class=\"_ _1\"></span>tivo.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Livello 2<span class=\"_ _0\"></span> e 3<span class=\"ls1 ws1\"> </span>Gli strumenti fin<span class=\"_ _0\"></span>anziari che non sono quotati in mercati attiv<span class=\"_ _0\"></span>i devono essere classificat<span class=\"_ _0\"></span>i nei livelli 2 o 3.<span class=\"ls1 ws1\"> </span>La classif<span class=\"_ _0\"></span>icazione nel livello 2 piutto<span class=\"_ _0\"></span>sto che nel livello 3 \u00e8 determinat<span class=\"_ _0\"></span>a in base all\u2019osservabilit\u00e0 sui mercati degli input sign<span class=\"_ _0\"></span>ificativi utilizzat<span class=\"_ _0\"></span>i ai fini della determinazione del fair v<span class=\"_ _0\"></span>alue. Uno strumento fin<span class=\"_ _0\"></span>anziario deve essere classific<span class=\"_ _0\"></span>ato nella sua <span class=\"lsf ws17\">inte<span class=\"_ _1\"></span>rezz<span class=\"_ _1\"></span>a in <span class=\"_ _1\"></span>un uni<span class=\"_ _1\"></span>co liv<span class=\"_ _1c\"></span>ello; q<span class=\"_ _1\"></span>uand<span class=\"_ _1c\"></span>o, ai </span>fini della valutazione di uno strumento, sono utilizzati input appartenent<span class=\"_ _0\"></span>i a livelli diversi, allo strumento oggetto di valutazione v<span class=\"_ _0\"></span>iene attribuito il livello al quale appartiene l\u2019input significat<span class=\"_ _0\"></span>ivo di livello <span class=\"lse ws16\">pi\u00f9 basso.<span class=\"ls1 ws1\"> </span></span>Uno strumento<span class=\"_ _0\"></span> \u00e8 classificato ne<span class=\"_ _0\"></span>l livello 2 se tutt<span class=\"_ _0\"></span>i gli input signific<span class=\"_ _0\"></span>ativi sono osser<span class=\"_ _0\"></span>vabili sul mer<span class=\"_ _0\"></span>cato, dir<span class=\"_ _0\"></span>ettam<span class=\"_ _0\"></span>ente o ind<span class=\"_ _0\"></span>irett<span class=\"_ _0\"></span>amente<span class=\"_ _0\"></span>. Un inpu<span class=\"_ _0\"></span>t \u00e8 osserv<span class=\"_ _0\"></span>abile<span class=\"_ _0\"></span> quando r<span class=\"_ _0\"></span>iflett<span class=\"_ _0\"></span>e le stesse assunzion<span class=\"_ _0\"></span>i utilizzate dai partecipanti al mercato, basate su dati di m<span class=\"ls30 wsb2\">erca<span class=\"_ _1c\"></span>to forni<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>a fon<span class=\"_ _1\"></span>ti </span>indipendent<span class=\"_ _0\"></span>i rispetto <span class=\"_ _0\"></span>al valut<span class=\"_ _0\"></span>atore.<span class=\"ls1 ws1\"> </span>Gli input di live<span class=\"_ _0\"></span>llo 2 sono i seguenti:<span class=\"ls1 ws1\"> </span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws0\">prezzi quot<span class=\"_ _0\"></span>ati su mercati attivi per att<span class=\"_ _0\"></span>ivit\u00e0 o passivit\u00e0 similar<span class=\"_ _0\"></span>i;</span><span class=\"ff1\"> </span></span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws17\">prezz<span class=\"_ _1\"></span>i quo<span class=\"_ _1c\"></span>tati per l<span class=\"_ _1c\"></span>o strum<span class=\"_ _1\"></span>ento i<span class=\"_ _1c\"></span>n analis<span class=\"_ _1\"></span>i o p<span class=\"_ _1\"></span>er str<span class=\"_ _1c\"></span>umenti<span class=\"_ _1\"></span> simi<span class=\"_ _1\"></span>li su <span class=\"_ _1\"></span>merc<span class=\"_ _1\"></span>ati no<span class=\"_ _1c\"></span>n attivi<span class=\"_ _1c\"></span>, vale a<span class=\"_ _1c\"></span> </span></span>dire mercati in cui:<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls31 ws2b\">ci sono<span class=\"_ _0\"></span> poche<span class=\"_ _0\"></span> transa<span class=\"_ _0\"></span>zioni;</span><span class=\"ff1\"> </span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls30 ws6d\">i prez<span class=\"_ _1\"></span>zi no<span class=\"_ _1\"></span>n sono c<span class=\"_ _1c\"></span>orrenti <span class=\"_ _1\"></span>o varia<span class=\"_ _1c\"></span>no in mod<span class=\"_ _1\"></span>o sos<span class=\"_ _1\"></span>tanzial<span class=\"_ _1c\"></span>e nel te<span class=\"_ _1\"></span>mpo e t<span class=\"_ _1\"></span>ra i di<span class=\"_ _1\"></span>versi <span class=\"_ _1\"></span>marke<span class=\"_ _1\"></span>t </span></span>make<span class=\"_ _1\"></span>r o po<span class=\"_ _1\"></span>ca inf<span class=\"_ _1\"></span>ormazi<span class=\"_ _1c\"></span>one \u00e8 res<span class=\"_ _1\"></span>a <span class=\"lse ws0\">pubblica;<span class=\"ls1 ws1\"> </span></span>      <span class=\"ls0 ws0\">e inoltre siano rilevabili:</span><span class=\"ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws7e\">input di mercato osser<span class=\"_ _0\"></span>vabili (ad es.: tassi di interesse o curve di rendime<span class=\"_ _0\"></span>nto osservabili </span></span>sui diversi buc<span class=\"_ _0\"></span>kets, volatilit\u00e0, etc.);<span class=\"_ _4ac\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 wsf3\">input che derivano principalmente da dati di mercato osservabili la cui <span class=\"ls1d ws80\">rela<span class=\"_ _0\"></span>zione \u00e8 </span></span></span>avvalorata da parametri tra cui la correlazione.<span class=\"ls1 ws1\"> </span>Uno strumento finanz<span class=\"_ _0\"></span>iario \u00e8 considerato di livello 3 nel caso in cui le tecniche di valutazione adottate ut<span class=\"_ _0\"></span>ilizzino anche input non os<span class=\"_ _0\"></span>servabili sul mercato e il loro<span class=\"_ _0\"></span> contributo alla stima de<span class=\"_ _0\"></span>l fair value sia conside<span class=\"_ _0\"></span>rato significativo.<span class=\"ls1 ws1\"> </span>Sono class<span class=\"_ _0\"></span>ificati nel livello 3 tutti gli s<span class=\"_ _0\"></span>trumenti finanziari non<span class=\"_ _0\"></span> quotati in un mercato attivo quando, pur<span class=\"_ _0\"></span> disponendo di dati osservabili, si r<span class=\"_ _0\"></span>endono necessari aggiust<span class=\"_ _0\"></span>amenti significativi sugli stessi basati su dati non osserva<span class=\"_ _0\"></span>bili, la stima si basa su assunzioni interne alla societ\u00e0 circa i futuri cash flow<span class=\"_ _0\"></span> e l\u2019aggiustamento per il rischio della c<span class=\"_ _0\"></span>urva di sconto.<span class=\"ls1 ws1\"> </span>A.4.1 Livelli di fair value 2 e 3: tecniche di <span class=\"_ _1\"></span>valutazione e input utilizzati<span class=\"ls1 ws1\"> </span>Al 31 dicembre 2025, gli elementi patrimoniali valutati al fair value di livello 2 e 3 sono <span class=\"_ _1\"></span>costitu<span class=\"_ _0\"></span>iti:<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls11 wse1\">da \u201cSubscriber shares\u201d della Sicav Ani<span class=\"_ _1\"></span>ma Funds rappresentative del valore nominale (c<span class=\"_ _1\"></span>he </span></span>da Statuto non<span class=\"_ _0\"></span> attribuiscono alcun dir<span class=\"_ _0\"></span>itto/obbligo a parte<span class=\"_ _0\"></span>cipare agli ut<span class=\"_ _0\"></span>ili o alle perdite) con classifica<span class=\"_ _0\"></span>zione del fair value riferito a<span class=\"_ _0\"></span>llo strumento finanziario nel live<span class=\"_ _0\"></span>llo 2;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls11 ws141\">da attivit\u00e0 finanziarie valutate al fair value con impatto a <span class=\"_ _1\"></span>conto economico, rappresentate </span></span>principalmente<span class=\"_ _0\"></span> dalle seguenti quote di fondi d'invest<span class=\"_ _0\"></span>imento alternativo<span class=\"_ _0\"></span> (\u201cFIA\u201d) chiusi, riservati e<span class=\"_ _0\"></span> di diritto italiano, tutte<span class=\"_ _0\"></span> con classificazione de<span class=\"_ _0\"></span>l fair value nel livello 3: <span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 lsf ws1b9\">FIA p<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>ossi<span class=\"_ _1\"></span> e g<span class=\"_ _1\"></span>estiti<span class=\"_ _1c\"></span> da A<span class=\"_ _1\"></span>nima A<span class=\"_ _1\"></span>lter<span class=\"_ _1\"></span>nati<span class=\"_ _1\"></span>ve S<span class=\"_ _1\"></span>GR, l<span class=\"_ _1\"></span>a cui<span class=\"_ _1c\"></span> valuta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne av<span class=\"_ _1\"></span>vie<span class=\"_ _1\"></span>ne </span></span>utili<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ndo l'<span class=\"_ _1\"></span>ulti<span class=\"_ _1\"></span>mo N<span class=\"_ _1\"></span>et Ass<span class=\"_ _1\"></span>et Val<span class=\"_ _1c\"></span>ue (NAV)<span class=\"_ _1\"></span> rip<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>to nel<span class=\"_ _1\"></span> repo<span class=\"_ _1c\"></span>rt IPEV (<span class=\"_ _1\"></span>Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>onal<span class=\"_ _1c\"></span> Priv<span class=\"_ _1\"></span>ate E<span class=\"_ _1\"></span>quity<span class=\"_ _1\"></span> &amp; Ve<span class=\"_ _1c\"></span>nture C<span class=\"_ _1\"></span>apita<span class=\"_ _1\"></span>l Va<span class=\"_ _1\"></span>luati<span class=\"_ _1\"></span>on) a<span class=\"_ _1c\"></span>pprova<span class=\"_ _1\"></span>to e p<span class=\"_ _1c\"></span>ubblica<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>on cad<span class=\"_ _1c\"></span>enza trime<span class=\"_ _1\"></span>stral<span class=\"_ _1\"></span>e; <span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 lsf wsa0\">FIA c<span class=\"_ _1\"></span>hiusi<span class=\"_ _1\"></span> rise<span class=\"_ _1c\"></span>rvati d<span class=\"_ _1\"></span>i dir<span class=\"_ _1\"></span>itto i<span class=\"_ _1c\"></span>taliano<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>ti da Ka<span class=\"_ _1\"></span>iros<span class=\"_ _1\"></span> SGR<span class=\"_ _1\"></span>, da <span class=\"_ _1\"></span>BPM I<span class=\"_ _1\"></span>nvest<span class=\"_ _1\"></span> SGR <span class=\"_ _1\"></span>e da<span class=\"_ _1\"></span> </span></span>una <span class=\"_ _1\"></span>SGR <span class=\"_ _1\"></span>terza<span class=\"_ _1\"></span>, la<span class=\"_ _1c\"></span> cui v<span class=\"_ _1\"></span>alutaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne avv<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>zando<span class=\"_ _1\"></span> l\u2019ul<span class=\"_ _1\"></span>timo<span class=\"_ _1\"></span> valo<span class=\"_ _1c\"></span>re qu<span class=\"_ _1\"></span>ota <span class=\"_ _1\"></span>reso<span class=\"_ _1\"></span> disponibile<span class=\"_ _0\"></span> dalla societ\u00e0 di gestione;<span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 wsa7\">FIA immobiliari promossi e gestiti da Castello SGR, la cui valutazione avviene </span></span>utilizzando<span class=\"_ _0\"></span> l\u2019ultimo valore quota reso disponibile<span class=\"_ _0\"></span> dalla societ\u00e0 di gestione.<span class=\"ls1 ws1\"> </span>INFORMATIVA DI NATURA QUANTITATIVA A.4.<span class=\"_ _0\"></span>5 Gerarchi<span class=\"_ _0\"></span>a del f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue<span class=\"ls1 ws1\"> </span>A<span class=\"_ _13\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> A<span class=\"_ _11\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>tat<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> al f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _13\"></span> b<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> r<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>:<span class=\"_ _0\"></span> rip<span class=\"_ _13\"></span>art<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> liv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lli <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>Nella tabella che segue le attivit\u00e0 e passivit\u00e0 finanziar<span class=\"_ _0\"></span>ie valutate al fair value sono suddivise tra i diversi live<span class=\"_ _0\"></span>lli della gerarchia di fair<span class=\"_ _0\"></span> value sopra descritti.<span class=\"ls1 ws1\"> </span><table class=\"s w44f h437\" id=\"_2251690b-83b8-4f6c-a94d-201f40b9c8fd\"><tr><td class=\"c x2cd y3510 w116 h141\"><div class=\"t m17 x3c h142 y17f0 ff2 fs23 fc0 sc0 ls127 ws34b\">Att<span class=\"_ _0\"></span>ivit\u00e0/Passivit\u00e0 m<span class=\"_ _0\"></span>isurate<span class=\"_ _0\"></span> al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x494 y3511 w117 h144\"><div class=\"t m17 x14a h142 y17f9 ff2 fs23 fc0 sc0 ls12c ws352\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x495 y3511 w118 h144\"><div class=\"t m17 x67 h142 y17f9 ff2 fs23 fc0 sc0 ls12c ws352\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x496 y3513 w450 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x497 y3513 w451 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x498 y3513 w450 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49a y3513 w452 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls129 ws34d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _4ac\"> </span></div><div class=\"t m17 x499 h142 y3512 ff2 fs23 fc0 sc0 ls129 ws34d\">ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49b y3513 w450 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49c y3513 w450 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49d y3513 w453 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49e y3513 w454 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls129 ws34d\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3514 w455 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12a ws34e\">1. Attivit\u00e0 finanziar<span class=\"_ _1\"></span>ie valutate al fair value con impatto a conto economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49f y3514 w456 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">58.854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a0 y3514 w457 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a1 y3514 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">64.150<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a2 y3514 w459 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">123.014<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a3 y3514 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">77.936<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a4 y3514 w45a h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a5 y3514 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">41.271<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a6 y3514 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">119.217<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3515 w45c h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12a ws34e\">c) altre attivit\u00e0 finanziarie obb<span class=\"_ _1\"></span>ligatoriamente valutate al fair value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a7 y3515 w45d h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">58.<span class=\"_ _0\"></span>854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a8 y3515 w457 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a9 y3515 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">64.150<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4aa y3515 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">123.014<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ab y3515 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">77.936<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ac y3515 w45a h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ad y3515 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">41.271<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ae y3515 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">119.217<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3516 w45e h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12a ws34e\">2. Attivit\u00e0 finanziar<span class=\"_ _1\"></span>ie valutate al fair value con impatto sulla redditivit\u00e0 compless<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4af y3516 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">459.154<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x4b0 y3516 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">459.154<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b1 y3516 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">342.278<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x4b2 y3516 w459 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">342.278<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w454 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls129 ws34d\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b3 y345e w45f h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">518.008<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b4 y345e w45a h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a1 y345e w460 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">64.150<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b5 y345e w461 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">582.168<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b6 y345e w462 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">420.214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b7 y345e w45a h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b8 y345e w463 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">41.<span class=\"_ _0\"></span>271<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b9 y345e w461 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">461.495<span class=\"_ _4ac\"> </span></div></td></tr></table>Legend<span class=\"_ _1c\"></span>a: <span class=\"ff1 ls18 ws22\">L1=Live<span class=\"_ _0\"></span>llo 1; L2=L<span class=\"_ _0\"></span>ivello 2; L2=Liv<span class=\"_ _0\"></span>ello 3.<span class=\"ls1 ws1\"> </span></span>Nel corso de<span class=\"_ _0\"></span>ll\u2019esercizio non si sono verif<span class=\"_ _0\"></span>icati trasferimenti dalle<span class=\"_ _0\"></span> attivit\u00e0/passivit<span class=\"_ _0\"></span>\u00e0 finanziarie tra il livello 1<span class=\"_ _0\"></span> ed il livello 2 di fair value in riferimento al IF<span class=\"_ _0\"></span>RS 13 paragrafo 93 lettera c.<span class=\"ls1 ws1\"> </span>A<span class=\"_ _13\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 V<span class=\"_ _13\"></span>ar<span class=\"_ _0\"></span>iazio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>tat<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> al f<span class=\"_ _0\"></span>air v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>s<span class=\"_ _13\"></span>u<span class=\"_ _13\"></span> b<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> ric<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> (<span class=\"_ _0\"></span>liv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>llo<span class=\"_ _13\"></span> 3)<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w464 h439\" id=\"_31ec969b-b2cf-423a-b91e-7e21a9a14578\"><tr><td></td><td></td><td class=\"c x4ba y3517 w11d h14c\"><div class=\"t m18 x7e h148 y1838 ff1 fs25 fc0 sc0 ls12d ws354\">Attivit\u00e0 finanziarie valutate al fair value<span class=\"_ _1\"></span> con impatto a c<span class=\"_ _0\"></span>onto economico<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x4bb y3519 w465 h43a\"><div class=\"t m18 x1fa h148 y3518 ff1 fs25 fc0 sc0 ls12d ws354\">di cui:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4bc y3519 w465 h43a\"><div class=\"t m18 x1fa h148 y3518 ff1 fs25 fc0 sc0 ls12d ws354\">di cui:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4bd y3519 w465 h43a\"><div class=\"t m18 x1fa h148 y3518 ff1 fs25 fc0 sc0 ls12d ws354\">di cui:<span class=\"_ _4ac\"> </span></div></td><td class=\"t m18 x4be h148 y351a ff1 fs25 fc0 sc0 ls12d ws354\">Attivit\u00e0 finanziarie </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x4bf y351b w11a h149\"><div class=\"t m18 x3c h148 y1818 ff1 fs25 fc0 sc0 ls12d ws354\">a) attivit\u00e0 </div></td><td class=\"c x4c0 y351b w11b h149\"><div class=\"t m18 x3c h148 y1818 ff1 fs25 fc0 sc0 ls12d ws354\"> b) attivit\u00e0 </div></td><td class=\"c x4c1 y351b w11c h149\"><div class=\"t m18 x3c h148 y1818 ff1 fs25 fc0 sc0 ls12d ws354\">c) altre attivit\u00e0 </div></td><td class=\"t m18 x4c2 h148 y351c ff1 fs25 fc0 sc0 ls12d ws354\">valutate al fair value con </td><td></td><td></td><td class=\"c x4c3 y351b w121 h14d\"><div class=\"t m18 x60 h148 y183f ff1 fs25 fc0 sc0 ls12d ws355\">Attivit\u00e0 </div></td></tr><tr><td></td><td class=\"c x4bf y351b w11a h149\"><div class=\"t m18 x3c h148 y1819 ff1 fs25 fc0 sc0 ls12d ws355\">finanziarie </div></td><td class=\"c x4c0 y351b w11b h149\"><div class=\"t m18 x3c h148 y1819 ff1 fs25 fc0 sc0 ls12d ws355\">finanziarie </div></td><td class=\"c x4c1 y351b w11c h149\"><div class=\"t m18 x3c h148 y1819 ff1 fs25 fc0 sc0 ls12d ws355\">finanziarie </div></td><td></td><td class=\"c x4c4 y351b w11f h14d\"><div class=\"t m18 x4d h148 y183d ff1 fs25 fc0 sc0 ls12d ws354\">Derivati di copertura<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4c5 y351b w120 h14d\"><div class=\"t m18 x55 h148 y183e ff1 fs25 fc0 sc0 ls12d ws354\">Attivit\u00e0 materiali<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x4ba y351b w122 h14e\"><div class=\"t m18 x2a h148 y1841 ff2 fs25 fc0 sc0 ls137 ws361\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"t m18 x4c6 h148 y351d ff1 fs25 fc0 sc0 ls12d ws354\">impatto sulla redditivit\u00e0 </td><td></td><td></td><td class=\"c x4c3 y351b w121 h14d\"><div class=\"t m18 x24 h148 y1840 ff1 fs25 fc0 sc0 ls12d ws355\">immateriali<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c x4bf y351b w11a h149\"><div class=\"t m18 x3c h148 y181a ff1 fs25 fc0 sc0 ls12e ws356\">detenute per </div></td><td class=\"c x4c0 y351b w11b h149\"><div class=\"t m18 x3c h148 y181a ff1 fs25 fc0 sc0 ls12d ws354\">designate al </div></td><td class=\"c x4c1 y351b w11c h149\"><div class=\"t m18 x3c h148 y181a ff1 fs25 fc0 sc0 ls12d ws355\">obbligatoriament<span class=\"_ _4ac\"> </span></div></td><td class=\"t m18 x4c7 h148 y351e ff1 fs25 fc0 sc0 ls12d ws355\">compless<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x4bf y351b w11a h149\"><div class=\"t m18 x3c h148 y181b ff1 fs25 fc0 sc0 ls12f ws357\">la </div></td><td class=\"c x4c0 y351b w11b h149\"><div class=\"t m18 x3c h148 y181b ff1 fs25 fc0 sc0 ls12f ws359\">fair value</div></td><td class=\"c x4c1 y351b w11c h149\"><div class=\"t m18 x3c h148 y181b ff1 fs25 fc0 sc0 ls12d ws354\">e valutate al fair </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x4bf y351b w11a h149\"><div class=\"t m18 x3c h148 y181c ff1 fs25 fc0 sc0 ls130 ws358\">negozi<span class=\"_ _0\"></span>azione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c1 y351b w11c h149\"><div class=\"t m18 x3c h148 y181c ff1 fs25 fc0 sc0 ls131 ws35a\">value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y181e ff2 fs25 fc0 sc0 ls132 ws35b\">1. Esistenz<span class=\"_ _0\"></span>e iniziali<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y3521 w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">41.271<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4c9 y3521 w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">41.271<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1820 ff2 fs25 fc0 sc0 ls134 ws35d\">2. Aume<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y3522 w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">33.286<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4c9 y3522 w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">33.286<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1822 ff1 fs25 fc0 sc0 ls135 ws35e\">2.1. Ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>sti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y3523 w467 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">27.970<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ca y3523 w467 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">27.970<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1824 ff1 fs25 fc0 sc0 ls12d ws354\">2.2.<span class=\"_ _1\"></span> Profitti imputati a:<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4cb y3524 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4cc y3524 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1826 ff1 fs25 fc0 sc0 ls136 ws360\">2.2.<span class=\"_ _1\"></span>1. Conto Economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4cb y3525 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4cc y3525 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x4cd y3526 w469 h43b\"><div class=\"t m18 x1fa h148 y3520 ff16 fs25 fc0 sc0 ls12d ws355\">\u2212 di cui plu<span class=\"_ _1\"></span>svalenze<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4ce y3526 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4cf y3526 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1829 ff2 fs25 fc0 sc0 ls134 ws35d\">3. Diminuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x33e y3527 w46a h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">(10.<span class=\"_ _0\"></span>407)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d0 y3527 w46b h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">(<span class=\"_ _0\"></span>10.407)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y182b ff1 fs25 fc0 sc0 ls135 ws35e\">3.1. Vend<span class=\"_ _0\"></span>ite<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y3528 w46c h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(4.000)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d1 y3528 w46d h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(4.000)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y182d ff1 fs25 fc0 sc0 ls135 ws35e\">3.2. Rim<span class=\"_ _0\"></span>bors<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y3529 w46c h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(6.267)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d1 y3529 w46d h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(6.267)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y182f ff1 fs25 fc0 sc0 ls12d ws354\">3.3.<span class=\"_ _1\"></span> Perdite imputate a:<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x2f9 y352a w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d2 y352a w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x55 h148 y1831 ff1 fs25 fc0 sc0 ls136 ws360\">3.3.<span class=\"_ _1\"></span>1. Conto Economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x2f9 y352b w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d2 y352b w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x55 h14b y1833 ff16 fs25 fc0 sc0 ls131 ws35a\">\u2212 di cui mi<span class=\"_ _0\"></span>nusval<span class=\"_ _0\"></span>enze<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x2f9 y352c w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d2 y352c w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1835 ff2 fs25 fc0 sc0 ls134 ws35d\">4. Rimanenz<span class=\"_ _0\"></span>e finali<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y352d w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">64.150<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4c9 y352d w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">64.150<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr></table>Nella tabe<span class=\"_ _0\"></span>lla gli importi sono principalmente r<span class=\"_ _0\"></span>iferiti alla movimentazione delle<span class=\"_ _0\"></span> quote dei FIA in portaf<span class=\"_ _1\"></span>oglio<span class=\"_ _1\"></span>, gestiti<span class=\"_ _1\"></span> da Anima<span class=\"_ _1\"></span> Alterna<span class=\"_ _1\"></span>tive SG<span class=\"_ _1\"></span>R e Castel<span class=\"_ _1\"></span>lo SGR e BPM<span class=\"_ _1\"></span> Inves<span class=\"_ _1c\"></span>t S<span class=\"_ _0\"></span>GR eff<span class=\"_ _1c\"></span>ettuate nel<span class=\"_ _1\"></span> period<span class=\"_ _1c\"></span>o di rif<span class=\"_ _1\"></span>erime<span class=\"_ _1\"></span>nto.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>A<span class=\"_ _13\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span> A<span class=\"_ _11\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 n<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al f<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>r v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> o<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> b<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> n<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span> ric<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r liv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> d<span class=\"_ _13\"></span>i f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>.<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Nella tabella che segue, le attivit\u00e0 e passivit\u00e0 finanziarie non valutate al fair value, o valutate al fair value su base non ricorrente, sono suddivise tra i diversi livelli della gerarchia di fair value sopra d<span class=\"_ _1c\"></span>escritti<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span><table class=\"s w46f h43c\" id=\"_112722ec-48d8-43dd-97dc-e240c5dcd237\"><tr><td class=\"c x4d4 y352e w123 h14f\"><div class=\"t m19 x24 h150 y1843 ff2 fs26 fc0 sc0 ls138 ws362\">Att<span class=\"_ _0\"></span>ivit\u00e0/Passivit\u00e0 non m<span class=\"_ _0\"></span>isurate al f<span class=\"_ _0\"></span>air value o misurate al </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x4d4 y352e w123 h14f\"><div class=\"t m19 x24 h150 y1844 ff2 fs26 fc0 sc0 ls138 ws362\">fair value su </div></td><td></td><td></td><td class=\"c x4d5 y352e w125 h14f\"><div class=\"t m19 xfc h150 y184d ff2 fs26 fc0 sc0 ls13d ws369\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x4d6 y352e w126 h14f\"><div class=\"t m19 xfc h150 y184d ff2 fs26 fc0 sc0 ls13d ws369\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x4d4 y352e w123 h14f\"><div class=\"t m19 x24 h150 y1845 ff2 fs26 fc0 sc0 ls138 ws362\">base non ricorrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d7 y3530 w470 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls1 ws1\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d8 y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d9 y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4da y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4db y3530 w472 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls1 ws1\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4dc y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4dd y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4de y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3531 w473 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13a ws364\">1. Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al costo am<span class=\"_ _0\"></span>mortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4df y3531 w474 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">175.707<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4e0 y3531 w475 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">165.671<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e1 y3531 w476 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">10.037<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e2 y3531 w474 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">259.860<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4e3 y3531 w474 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">254.090<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e4 y3531 w477 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">5.770<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3532 w478 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13c ws367\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e5 y3532 w479 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">175.707<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4e6 y3532 w47a h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">165.671<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e7 y3532 w47b h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">10.037<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e8 y3532 w47c h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">259.<span class=\"_ _0\"></span>860<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4e9 y3532 w47d h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">254.<span class=\"_ _0\"></span>090<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ea y3532 w47e h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">5.<span class=\"_ _0\"></span>770<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3533 w47f h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13a ws364\">1. Passivit\u00e0 finanziarie valutate<span class=\"_ _1\"></span> al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4eb y3533 w480 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>818.144)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ec y3533 w480 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(577.<span class=\"_ _0\"></span>595)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ed y3533 w481 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>212.066)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ee y3533 w482 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>19.788)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ef y3533 w480 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>800.757)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f0 y3533 w483 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(585.214)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f1 y3533 w480 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>196.733)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f2 y3533 w482 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>18.810)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3534 w484 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13a ws364\">2. Passivit\u00e0 ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iate ad attivit\u00e0 in<span class=\"_ _1\"></span> via di dismis<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f3 y3534 w485 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x4f4 y3534 w486 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w478 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13c ws367\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f5 y345e w487 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(818.<span class=\"_ _0\"></span>144)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f6 y345e w488 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(<span class=\"_ _0\"></span>577.595)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f7 y345e w489 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(212.<span class=\"_ _0\"></span>066)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f8 y345e w48a h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(19.<span class=\"_ _0\"></span>788)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f9 y345e w48b h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(800.757)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4fa y345e w489 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(585.<span class=\"_ _0\"></span>214)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4fb y345e w488 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(<span class=\"_ _0\"></span>196.733)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4fc y345e w48a h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(18.<span class=\"_ _0\"></span>810)<span class=\"_ _4ac\"> </span></div></td></tr></table>Legend<span class=\"_ _1c\"></span>a: <span class=\"ff1 ls16 ws1f0\">VB= Valore di Bilanc<span class=\"_ _1\"></span>io;<span class=\"ff2 ls1 ws1\"> </span><span class=\"ls18 ws22\">L1=Livello 1; L<span class=\"_ _0\"></span>2=Livello 2;<span class=\"_ _0\"></span> L2=Livello 3.<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span></span>Si segnala che nella tab<span class=\"_ _1\"></span>ella sopra riportata, la<span class=\"_ _1\"></span> sottovoce \u201cPassivit\u00e0 <span class=\"_ _1\"></span>finanziarie valutat<span class=\"_ _1\"></span>e al costo ammortizz<span class=\"_ _1\"></span>ato <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1\"></span><span class=\"ls18 ws1f4\">L1\u201d pari a E<span class=\"_ _0\"></span>uro 577,6<span class=\"_ _0\"></span> </span></span>milioni accoglie il fair value del presti<span class=\"_ _1\"></span>to obbligazionari<span class=\"_ _1\"></span>o emesso dalla Societ\u00e0, valorizzat<span class=\"_ _1\"></span>o considerando anche i ra<span class=\"_ _1\"></span>tei di interessi in corso di<span class=\"_ _0\"></span> maturazione.<span class=\"_ _0\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-652": {
   "value": "A.4 <span class=\"ls1 ws1\">\u2013 </span><span class=\"ws73\">INFO<span class=\"_ _1\"></span>RMAT<span class=\"_ _1\"></span>IVA SU<span class=\"_ _1\"></span>L FAIR VAL<span class=\"_ _1\"></span>UE<span class=\"ls1 ws1\"> </span></span>INFORMATIVA DI NATURA QUALITATIVA La presente<span class=\"_ _0\"></span> sezione comprende l\u2019informat<span class=\"_ _0\"></span>iva sul fair value cos\u00ec come<span class=\"_ _0\"></span> richiesta dall\u2019IFRS 13<span class=\"_ _0\"></span>,<span class=\"ls1 ws1\"> </span>paragrafi 91 e 92<span class=\"ls1 ws1\">. </span>La gerarchia del fair value<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws99\">deve essere<span class=\"_ _0\"></span> applicata a tutti gli strumenti finanziari per i quali la </span></span>valutaz<span class=\"_ _0\"></span>ione al fair value \u00e8 rilevata nello<span class=\"_ _0\"></span> stato patrimoniale.<span class=\"ls1 ws1\"> </span>Il para<span class=\"_ _1\"></span>graf<span class=\"_ _1\"></span>o 24 d<span class=\"_ _1\"></span>ell\u2019I<span class=\"_ _1\"></span>FRS 13<span class=\"_ _1\"></span> defini<span class=\"_ _1c\"></span>sce fair<span class=\"_ _1\"></span> value (<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore equ<span class=\"_ _1\"></span>o) il c<span class=\"_ _1c\"></span>orrispet<span class=\"_ _1\"></span>tivo c<span class=\"_ _1\"></span>he p<span class=\"_ _1\"></span>otrebb<span class=\"_ _1\"></span>e ess<span class=\"_ _1\"></span>ere ricev<span class=\"_ _1c\"></span>uto per v<span class=\"_ _1c\"></span>endere <span class=\"_ _1\"></span>un\u2019a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0, o p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>to per <span class=\"_ _1\"></span>trasf<span class=\"_ _1\"></span>erir<span class=\"_ _1c\"></span>e una pass<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0, i<span class=\"_ _1\"></span>n una <span class=\"_ _1\"></span>transa<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> ordi<span class=\"_ _1\"></span>naria <span class=\"_ _1\"></span>tra c<span class=\"_ _1\"></span>ontrop<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span> di me<span class=\"_ _1\"></span>rcato<span class=\"_ _1\"></span>, nel <span class=\"_ _1\"></span>merca<span class=\"_ _1\"></span>to pri<span class=\"_ _1\"></span>ncipa<span class=\"_ _1\"></span>le.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Per gli strume<span class=\"_ _0\"></span>nti finanziari il fair<span class=\"_ _0\"></span> value viene determ<span class=\"_ _0\"></span>inato, nel caso di st<span class=\"_ _0\"></span>rumenti quotati su mercati attivi,<span class=\"_ _0\"></span> attraverso l\u2019utilizzo di prezzi acquisiti dai mercati finanziari,<span class=\"_ _0\"></span> oppure, per gli altri strumenti fin<span class=\"_ _0\"></span>anziari, mediante<span class=\"_ _0\"></span> l\u2019utilizzo di prezzi quot<span class=\"_ _0\"></span>ati per strumenti similar<span class=\"_ _0\"></span>i o di modelli valutativi inte<span class=\"_ _0\"></span>rni.<span class=\"ls1 ws1\"> </span>Il principio IFRS 13 sta<span class=\"_ _0\"></span>bilisce una gerarchia del fair value in funzione del grado di osservabilit<span class=\"_ _0\"></span>\u00e0 degli input de<span class=\"_ _0\"></span>lle tecniche di valutazione adottate<span class=\"_ _0\"></span> per le valutazioni.<span class=\"ls1 ws1\"> </span>Di seguito<span class=\"_ _0\"></span> sono indicate le mo<span class=\"_ _0\"></span>dalit\u00e0 di classificazion<span class=\"_ _0\"></span>e degli strumenti fin<span class=\"_ _0\"></span>anziari nei t<span class=\"_ _0\"></span>re livelli della gerarchia<span class=\"_ _0\"></span> del fair value.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Livello 1<span class=\"ls1 ws1\"> </span>In  <span class=\"ls0 wsc6\">tale live<span class=\"_ _0\"></span>llo devono essere<span class=\"_ _0\"></span> classificati gli st<span class=\"_ _0\"></span>rumenti finan<span class=\"_ _0\"></span>ziari valutati ut<span class=\"_ _0\"></span>ilizzando, senza </span>apportare aggiu<span class=\"_ _0\"></span>stamenti, prezzi quotat<span class=\"_ _0\"></span>i in mercati att<span class=\"_ _0\"></span>ivi per strumenti identic<span class=\"_ _0\"></span>i a quelli o<span class=\"_ _0\"></span>ggetto di valutaz<span class=\"_ _0\"></span>ione.<span class=\"ls1 ws1\"> </span>Uno s<span class=\"_ _1c\"></span>trumen<span class=\"_ _1\"></span>to fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>o \u00e8 co<span class=\"_ _1c\"></span>nsidera<span class=\"_ _1\"></span>to q<span class=\"_ _1\"></span>uota<span class=\"_ _1\"></span>to in <span class=\"_ _1\"></span>un me<span class=\"_ _1\"></span>rcato<span class=\"_ _1c\"></span> attivo<span class=\"_ _1\"></span> qua<span class=\"_ _1\"></span>ndo:<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>a) i prezzi quota<span class=\"_ _0\"></span>ti sono prontamente e regolarment<span class=\"_ _0\"></span>e disponibili in un listino di bor<span class=\"_ _0\"></span>sa oppure trami<span class=\"_ _1\"></span>te un <span class=\"_ _1\"></span>operat<span class=\"_ _1\"></span>ore,<span class=\"_ _1c\"></span> un interm<span class=\"_ _1\"></span>ediari<span class=\"_ _1c\"></span>o, una soci<span class=\"_ _1c\"></span>et\u00e0 di se<span class=\"_ _1\"></span>ttor<span class=\"_ _1\"></span>e o attrav<span class=\"_ _1\"></span>ers<span class=\"_ _1\"></span>o servi<span class=\"_ _1\"></span>zi di<span class=\"_ _1c\"></span> quota<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, e<span class=\"_ _1\"></span>nti a<span class=\"_ _1\"></span>utori<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ti o a<span class=\"_ _1\"></span>utori<span class=\"_ _1c\"></span>t\u00e0 di r<span class=\"_ _1\"></span>egola<span class=\"_ _1c\"></span>mentazi<span class=\"_ _1\"></span>one;<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>b) i<span class=\"_ _1\"></span> prezzi q<span class=\"_ _1c\"></span>uotati<span class=\"_ _1\"></span> rapp<span class=\"_ _1\"></span>resen<span class=\"_ _1c\"></span>tano ope<span class=\"_ _1\"></span>razi<span class=\"_ _1\"></span>oni di <span class=\"_ _1\"></span>merca<span class=\"_ _1\"></span>to eff<span class=\"_ _1c\"></span>ettive c<span class=\"_ _1\"></span>he a<span class=\"_ _1\"></span>vveng<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>egolar<span class=\"_ _1c\"></span>mente in norm<span class=\"_ _0\"></span>ali contratt<span class=\"_ _0\"></span>azioni.<span class=\"ls1 ws1\"> </span>Se i prezz<span class=\"_ _0\"></span>i quotati soddisfano t<span class=\"_ _0\"></span>ali requisit<span class=\"_ _0\"></span>i, essi rappresentano<span class=\"_ _0\"></span> la migliore stim<span class=\"_ _0\"></span>a del fair value<span class=\"_ _0\"></span> e devono essere o<span class=\"_ _0\"></span>bbligatoriamente utilizzat<span class=\"_ _0\"></span>i per la valutazione dello strum<span class=\"_ _0\"></span>ento finanziario.<span class=\"ls1 ws1\"> </span>Si definisce Att<span class=\"_ _0\"></span>ivo, un mercato in cui le operazioni relat<span class=\"_ _0\"></span>ive ad attivit\u00e0 e passivit\u00e0 oggetto di valutaz<span class=\"_ _0\"></span>ione si verificano con una fre<span class=\"_ _0\"></span>quenza e con volumi sufficienti a fornire<span class=\"_ _0\"></span> informazioni utili per la<span class=\"_ _1\"></span> det<span class=\"_ _1\"></span>ermi<span class=\"_ _1c\"></span>nazione<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> prez<span class=\"_ _1\"></span>zo s<span class=\"_ _1\"></span>u base<span class=\"_ _1c\"></span> conti<span class=\"_ _1\"></span>nuativ<span class=\"_ _1\"></span>a. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Dalla definizione<span class=\"_ _0\"></span> si evince che il concetto di mercato attivo \u00e8 propr<span class=\"_ _0\"></span>io del singolo strumento fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rio og<span class=\"_ _1\"></span>get<span class=\"_ _1c\"></span>to di va<span class=\"_ _1\"></span>lutazi<span class=\"_ _1c\"></span>one e n<span class=\"_ _1\"></span>on del<span class=\"_ _1c\"></span> merca<span class=\"_ _1\"></span>to di<span class=\"_ _1\"></span> quo<span class=\"_ _1\"></span>tazio<span class=\"_ _1\"></span>ne; di<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>nsegu<span class=\"_ _1c\"></span>enza, l<span class=\"_ _1\"></span>a circ<span class=\"_ _1\"></span>ostan<span class=\"_ _1\"></span>za che <span class=\"_ _1\"></span>uno str<span class=\"_ _1\"></span>ument<span class=\"_ _1\"></span>o fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rio sia<span class=\"_ _1\"></span> quo<span class=\"_ _1\"></span>tato i<span class=\"_ _1\"></span>n un me<span class=\"_ _1\"></span>rcato <span class=\"_ _1\"></span>regol<span class=\"_ _1\"></span>am<span class=\"lsf ws6e\">enta<span class=\"_ _1c\"></span>to non \u00e8 di </span>per s\u00e9 c<span class=\"_ _1c\"></span>on<span class=\"_ _0\"></span>diz<span class=\"_ _1\"></span>ione s<span class=\"_ _1\"></span>uffic<span class=\"_ _1\"></span>iente p<span class=\"_ _1\"></span>erch\u00e9 ta<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>trumen<span class=\"_ _1\"></span>to poss<span class=\"_ _1\"></span>a esse<span class=\"_ _1\"></span>re def<span class=\"_ _1\"></span>inito c<span class=\"_ _1\"></span>ome quo<span class=\"_ _1\"></span>tato i<span class=\"_ _1\"></span>n un merca<span class=\"_ _1\"></span>to at<span class=\"_ _1\"></span>tivo.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Livello 2<span class=\"_ _0\"></span> e 3<span class=\"ls1 ws1\"> </span>Gli strumenti fin<span class=\"_ _0\"></span>anziari che non sono quotati in mercati attiv<span class=\"_ _0\"></span>i devono essere classificat<span class=\"_ _0\"></span>i nei livelli 2 o 3.<span class=\"ls1 ws1\"> </span>La classif<span class=\"_ _0\"></span>icazione nel livello 2 piutto<span class=\"_ _0\"></span>sto che nel livello 3 \u00e8 determinat<span class=\"_ _0\"></span>a in base all\u2019osservabilit\u00e0 sui mercati degli input sign<span class=\"_ _0\"></span>ificativi utilizzat<span class=\"_ _0\"></span>i ai fini della determinazione del fair v<span class=\"_ _0\"></span>alue. Uno strumento fin<span class=\"_ _0\"></span>anziario deve essere classific<span class=\"_ _0\"></span>ato nella sua <span class=\"lsf ws17\">inte<span class=\"_ _1\"></span>rezz<span class=\"_ _1\"></span>a in <span class=\"_ _1\"></span>un uni<span class=\"_ _1\"></span>co liv<span class=\"_ _1c\"></span>ello; q<span class=\"_ _1\"></span>uand<span class=\"_ _1c\"></span>o, ai </span>fini della valutazione di uno strumento, sono utilizzati input appartenent<span class=\"_ _0\"></span>i a livelli diversi, allo strumento oggetto di valutazione v<span class=\"_ _0\"></span>iene attribuito il livello al quale appartiene l\u2019input significat<span class=\"_ _0\"></span>ivo di livello <span class=\"lse ws16\">pi\u00f9 basso.<span class=\"ls1 ws1\"> </span></span>Uno strumento<span class=\"_ _0\"></span> \u00e8 classificato ne<span class=\"_ _0\"></span>l livello 2 se tutt<span class=\"_ _0\"></span>i gli input signific<span class=\"_ _0\"></span>ativi sono osser<span class=\"_ _0\"></span>vabili sul mer<span class=\"_ _0\"></span>cato, dir<span class=\"_ _0\"></span>ettam<span class=\"_ _0\"></span>ente o ind<span class=\"_ _0\"></span>irett<span class=\"_ _0\"></span>amente<span class=\"_ _0\"></span>. Un inpu<span class=\"_ _0\"></span>t \u00e8 osserv<span class=\"_ _0\"></span>abile<span class=\"_ _0\"></span> quando r<span class=\"_ _0\"></span>iflett<span class=\"_ _0\"></span>e le stesse assunzion<span class=\"_ _0\"></span>i utilizzate dai partecipanti al mercato, basate su dati di m<span class=\"ls30 wsb2\">erca<span class=\"_ _1c\"></span>to forni<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>a fon<span class=\"_ _1\"></span>ti </span>indipendent<span class=\"_ _0\"></span>i rispetto <span class=\"_ _0\"></span>al valut<span class=\"_ _0\"></span>atore.<span class=\"ls1 ws1\"> </span>Gli input di live<span class=\"_ _0\"></span>llo 2 sono i seguenti:<span class=\"ls1 ws1\"> </span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws0\">prezzi quot<span class=\"_ _0\"></span>ati su mercati attivi per att<span class=\"_ _0\"></span>ivit\u00e0 o passivit\u00e0 similar<span class=\"_ _0\"></span>i;</span><span class=\"ff1\"> </span></span><span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws17\">prezz<span class=\"_ _1\"></span>i quo<span class=\"_ _1c\"></span>tati per l<span class=\"_ _1c\"></span>o strum<span class=\"_ _1\"></span>ento i<span class=\"_ _1c\"></span>n analis<span class=\"_ _1\"></span>i o p<span class=\"_ _1\"></span>er str<span class=\"_ _1c\"></span>umenti<span class=\"_ _1\"></span> simi<span class=\"_ _1\"></span>li su <span class=\"_ _1\"></span>merc<span class=\"_ _1\"></span>ati no<span class=\"_ _1c\"></span>n attivi<span class=\"_ _1c\"></span>, vale a<span class=\"_ _1c\"></span> </span></span>dire mercati in cui:<span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls31 ws2b\">ci sono<span class=\"_ _0\"></span> poche<span class=\"_ _0\"></span> transa<span class=\"_ _0\"></span>zioni;</span><span class=\"ff1\"> </span></span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls30 ws6d\">i prez<span class=\"_ _1\"></span>zi no<span class=\"_ _1\"></span>n sono c<span class=\"_ _1c\"></span>orrenti <span class=\"_ _1\"></span>o varia<span class=\"_ _1c\"></span>no in mod<span class=\"_ _1\"></span>o sos<span class=\"_ _1\"></span>tanzial<span class=\"_ _1c\"></span>e nel te<span class=\"_ _1\"></span>mpo e t<span class=\"_ _1\"></span>ra i di<span class=\"_ _1\"></span>versi <span class=\"_ _1\"></span>marke<span class=\"_ _1\"></span>t </span></span>make<span class=\"_ _1\"></span>r o po<span class=\"_ _1\"></span>ca inf<span class=\"_ _1\"></span>ormazi<span class=\"_ _1c\"></span>one \u00e8 res<span class=\"_ _1\"></span>a <span class=\"lse ws0\">pubblica;<span class=\"ls1 ws1\"> </span></span>      <span class=\"ls0 ws0\">e inoltre siano rilevabili:</span><span class=\"ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 ws7e\">input di mercato osser<span class=\"_ _0\"></span>vabili (ad es.: tassi di interesse o curve di rendime<span class=\"_ _0\"></span>nto osservabili </span></span>sui diversi buc<span class=\"_ _0\"></span>kets, volatilit\u00e0, etc.);<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>\u2212<span class=\"ff9\"> <span class=\"_ _1b4\"> </span><span class=\"ff1 ls0 wsf3\">input che derivano principalmente da dati di mercato osservabili la cui <span class=\"ls1d ws80\">rela<span class=\"_ _0\"></span>zione \u00e8 </span></span></span>avvalorata da parametri tra cui la correlazione.<span class=\"ls1 ws1\"> </span>Uno strumento finanz<span class=\"_ _0\"></span>iario \u00e8 considerato di livello 3 nel caso in cui le tecniche di valutazione adottate ut<span class=\"_ _0\"></span>ilizzino anche input non os<span class=\"_ _0\"></span>servabili sul mercato e il loro<span class=\"_ _0\"></span> contributo alla stima de<span class=\"_ _0\"></span>l fair value sia conside<span class=\"_ _0\"></span>rato significativo.<span class=\"ls1 ws1\"> </span>Sono class<span class=\"_ _0\"></span>ificati nel livello 3 tutti gli s<span class=\"_ _0\"></span>trumenti finanziari non<span class=\"_ _0\"></span> quotati in un mercato attivo quando, pur<span class=\"_ _0\"></span> disponendo di dati osservabili, si r<span class=\"_ _0\"></span>endono necessari aggiust<span class=\"_ _0\"></span>amenti significativi sugli stessi basati su dati non osserva<span class=\"_ _0\"></span>bili, la stima si basa su assunzioni interne alla societ\u00e0 circa i futuri cash flow<span class=\"_ _0\"></span> e l\u2019aggiustamento per il rischio della c<span class=\"_ _0\"></span>urva di sconto.<span class=\"ls1 ws1\"> </span>A.4.1 Livelli di fair value 2 e 3: tecniche di <span class=\"_ _1\"></span>valutazione e input utilizzati<span class=\"ls1 ws1\"> </span>Al 31 dicembre 2025, gli elementi patrimoniali valutati al fair value di livello 2 e 3 sono <span class=\"_ _1\"></span>costitu<span class=\"_ _0\"></span>iti:<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls11 wse1\">da \u201cSubscriber shares\u201d della Sicav Ani<span class=\"_ _1\"></span>ma Funds rappresentative del valore nominale (c<span class=\"_ _1\"></span>he </span></span>da Statuto non<span class=\"_ _0\"></span> attribuiscono alcun dir<span class=\"_ _0\"></span>itto/obbligo a parte<span class=\"_ _0\"></span>cipare agli ut<span class=\"_ _0\"></span>ili o alle perdite) con classifica<span class=\"_ _0\"></span>zione del fair value riferito a<span class=\"_ _0\"></span>llo strumento finanziario nel live<span class=\"_ _0\"></span>llo 2;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls11 ws141\">da attivit\u00e0 finanziarie valutate al fair value con impatto a <span class=\"_ _1\"></span>conto economico, rappresentate </span></span>principalmente<span class=\"_ _0\"></span> dalle seguenti quote di fondi d'invest<span class=\"_ _0\"></span>imento alternativo<span class=\"_ _0\"></span> (\u201cFIA\u201d) chiusi, riservati e<span class=\"_ _0\"></span> di diritto italiano, tutte<span class=\"_ _0\"></span> con classificazione de<span class=\"_ _0\"></span>l fair value nel livello 3: <span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 lsf ws1b9\">FIA p<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>ossi<span class=\"_ _1\"></span> e g<span class=\"_ _1\"></span>estiti<span class=\"_ _1c\"></span> da A<span class=\"_ _1\"></span>nima A<span class=\"_ _1\"></span>lter<span class=\"_ _1\"></span>nati<span class=\"_ _1\"></span>ve S<span class=\"_ _1\"></span>GR, l<span class=\"_ _1\"></span>a cui<span class=\"_ _1c\"></span> valuta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne av<span class=\"_ _1\"></span>vie<span class=\"_ _1\"></span>ne </span></span>utili<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ndo l'<span class=\"_ _1\"></span>ulti<span class=\"_ _1\"></span>mo N<span class=\"_ _1\"></span>et Ass<span class=\"_ _1\"></span>et Val<span class=\"_ _1c\"></span>ue (NAV)<span class=\"_ _1\"></span> rip<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>to nel<span class=\"_ _1\"></span> repo<span class=\"_ _1c\"></span>rt IPEV (<span class=\"_ _1\"></span>Inte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>onal<span class=\"_ _1c\"></span> Priv<span class=\"_ _1\"></span>ate E<span class=\"_ _1\"></span>quity<span class=\"_ _1\"></span> &amp; Ve<span class=\"_ _1c\"></span>nture C<span class=\"_ _1\"></span>apita<span class=\"_ _1\"></span>l Va<span class=\"_ _1\"></span>luati<span class=\"_ _1\"></span>on) a<span class=\"_ _1c\"></span>pprova<span class=\"_ _1\"></span>to e p<span class=\"_ _1c\"></span>ubblica<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>on cad<span class=\"_ _1c\"></span>enza trime<span class=\"_ _1\"></span>stral<span class=\"_ _1\"></span>e; <span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 lsf wsa0\">FIA c<span class=\"_ _1\"></span>hiusi<span class=\"_ _1\"></span> rise<span class=\"_ _1c\"></span>rvati d<span class=\"_ _1\"></span>i dir<span class=\"_ _1\"></span>itto i<span class=\"_ _1c\"></span>taliano<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>ti da Ka<span class=\"_ _1\"></span>iros<span class=\"_ _1\"></span> SGR<span class=\"_ _1\"></span>, da <span class=\"_ _1\"></span>BPM I<span class=\"_ _1\"></span>nvest<span class=\"_ _1\"></span> SGR <span class=\"_ _1\"></span>e da<span class=\"_ _1\"></span> </span></span>una <span class=\"_ _1\"></span>SGR <span class=\"_ _1\"></span>terza<span class=\"_ _1\"></span>, la<span class=\"_ _1c\"></span> cui v<span class=\"_ _1\"></span>alutaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne avv<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>zando<span class=\"_ _1\"></span> l\u2019ul<span class=\"_ _1\"></span>timo<span class=\"_ _1\"></span> valo<span class=\"_ _1c\"></span>re qu<span class=\"_ _1\"></span>ota <span class=\"_ _1\"></span>reso<span class=\"_ _1\"></span> disponibile<span class=\"_ _0\"></span> dalla societ\u00e0 di gestione;<span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 wsa7\">FIA immobiliari promossi e gestiti da Castello SGR, la cui valutazione avviene </span></span>utilizzando<span class=\"_ _0\"></span> l\u2019ultimo valore quota reso disponibile<span class=\"_ _0\"></span> dalla societ\u00e0 di gestione.<span class=\"ls1 ws1\"> </span>INFORMATIVA DI NATURA QUANTITATIVA A.4.<span class=\"_ _0\"></span>5 Gerarchi<span class=\"_ _0\"></span>a del f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue<span class=\"ls1 ws1\"> </span>A<span class=\"_ _13\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> A<span class=\"_ _11\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>tat<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> al f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _13\"></span> b<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> r<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>:<span class=\"_ _0\"></span> rip<span class=\"_ _13\"></span>art<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> liv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lli <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>Nella tabella che segue le attivit\u00e0 e passivit\u00e0 finanziar<span class=\"_ _0\"></span>ie valutate al fair value sono suddivise tra i diversi live<span class=\"_ _0\"></span>lli della gerarchia di fair<span class=\"_ _0\"></span> value sopra descritti.<span class=\"ls1 ws1\"> </span><table class=\"s w44f h437\" id=\"_2251690b-83b8-4f6c-a94d-201f40b9c8fd\"><tr><td class=\"c x2cd y3510 w116 h141\"><div class=\"t m17 x3c h142 y17f0 ff2 fs23 fc0 sc0 ls127 ws34b\">Att<span class=\"_ _0\"></span>ivit\u00e0/Passivit\u00e0 m<span class=\"_ _0\"></span>isurate<span class=\"_ _0\"></span> al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x494 y3511 w117 h144\"><div class=\"t m17 x14a h142 y17f9 ff2 fs23 fc0 sc0 ls12c ws352\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x495 y3511 w118 h144\"><div class=\"t m17 x67 h142 y17f9 ff2 fs23 fc0 sc0 ls12c ws352\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x496 y3513 w450 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x497 y3513 w451 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x498 y3513 w450 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49a y3513 w452 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls129 ws34d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _4ac\"> </span></div><div class=\"t m17 x499 h142 y3512 ff2 fs23 fc0 sc0 ls129 ws34d\">ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49b y3513 w450 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49c y3513 w450 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49d y3513 w453 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls128 ws34c\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49e y3513 w454 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls129 ws34d\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3514 w455 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12a ws34e\">1. Attivit\u00e0 finanziar<span class=\"_ _1\"></span>ie valutate al fair value con impatto a conto economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x49f y3514 w456 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">58.854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a0 y3514 w457 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a1 y3514 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">64.150<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a2 y3514 w459 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">123.014<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a3 y3514 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">77.936<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a4 y3514 w45a h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a5 y3514 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">41.271<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a6 y3514 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">119.217<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3515 w45c h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12a ws34e\">c) altre attivit\u00e0 finanziarie obb<span class=\"_ _1\"></span>ligatoriamente valutate al fair value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a7 y3515 w45d h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">58.<span class=\"_ _0\"></span>854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a8 y3515 w457 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a9 y3515 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">64.150<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4aa y3515 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">123.014<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ab y3515 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">77.936<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ac y3515 w45a h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ad y3515 w458 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">41.271<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ae y3515 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">119.217<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3516 w45e h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12a ws34e\">2. Attivit\u00e0 finanziar<span class=\"_ _1\"></span>ie valutate al fair value con impatto sulla redditivit\u00e0 compless<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4af y3516 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">459.154<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x4b0 y3516 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">459.154<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b1 y3516 w45b h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">342.278<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x4b2 y3516 w459 h438\"><div class=\"t m17 x1fa h142 y3512 ff1 fs23 fc0 sc0 ls12b ws34f\">342.278<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w454 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls129 ws34d\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b3 y345e w45f h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">518.008<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b4 y345e w45a h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4a1 y345e w460 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">64.150<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b5 y345e w461 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">582.168<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b6 y345e w462 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">420.214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b7 y345e w45a h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b8 y345e w463 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">41.<span class=\"_ _0\"></span>271<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4b9 y345e w461 h438\"><div class=\"t m17 x1fa h142 y3512 ff2 fs23 fc0 sc0 ls12c ws351\">461.495<span class=\"_ _4ac\"> </span></div></td></tr></table>Legend<span class=\"_ _1c\"></span>a: <span class=\"ff1 ls18 ws22\">L1=Live<span class=\"_ _0\"></span>llo 1; L2=L<span class=\"_ _0\"></span>ivello 2; L2=Liv<span class=\"_ _0\"></span>ello 3.<span class=\"ls1 ws1\"> </span></span><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs436\">Nel corso de<span class=\"_ _0\"></span>ll\u2019esercizio non si sono verif<span class=\"_ _0\"></span>icati trasferimenti dalle<span class=\"_ _0\"></span> attivit\u00e0/passivit<span class=\"_ _0\"></span>\u00e0 finanziarie tra </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs437\">il livello 1<span class=\"_ _0\"></span> ed il livello 2 di fair value in riferimento al IF<span class=\"_ _0\"></span>RS 13 paragrafo 93 lettera c.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs438\">A<span class=\"_ _13\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2 V<span class=\"_ _13\"></span>ar<span class=\"_ _0\"></span>iazio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>tat<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> al f<span class=\"_ _0\"></span>air v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>s<span class=\"_ _13\"></span>u<span class=\"_ _13\"></span> b<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> ric<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> (<span class=\"_ _0\"></span>liv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>llo<span class=\"_ _13\"></span> 3)<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs439\"><table class=\"s w464 h439\" id=\"_31ec969b-b2cf-423a-b91e-7e21a9a14578\"><tr><td></td><td></td><td class=\"c x4ba y3517 w11d h14c\"><div class=\"t m18 x7e h148 y1838 ff1 fs25 fc0 sc0 ls12d ws354\">Attivit\u00e0 finanziarie valutate al fair value<span class=\"_ _1\"></span> con impatto a c<span class=\"_ _0\"></span>onto economico<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x4bb y3519 w465 h43a\"><div class=\"t m18 x1fa h148 y3518 ff1 fs25 fc0 sc0 ls12d ws354\">di cui:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4bc y3519 w465 h43a\"><div class=\"t m18 x1fa h148 y3518 ff1 fs25 fc0 sc0 ls12d ws354\">di cui:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4bd y3519 w465 h43a\"><div class=\"t m18 x1fa h148 y3518 ff1 fs25 fc0 sc0 ls12d ws354\">di cui:<span class=\"_ _4ac\"> </span></div></td><td class=\"t m18 x4be h148 y351a ff1 fs25 fc0 sc0 ls12d ws354\">Attivit\u00e0 finanziarie </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x4bf y351b w11a h149\"><div class=\"t m18 x3c h148 y1818 ff1 fs25 fc0 sc0 ls12d ws354\">a) attivit\u00e0 </div></td><td class=\"c x4c0 y351b w11b h149\"><div class=\"t m18 x3c h148 y1818 ff1 fs25 fc0 sc0 ls12d ws354\"> b) attivit\u00e0 </div></td><td class=\"c x4c1 y351b w11c h149\"><div class=\"t m18 x3c h148 y1818 ff1 fs25 fc0 sc0 ls12d ws354\">c) altre attivit\u00e0 </div></td><td class=\"t m18 x4c2 h148 y351c ff1 fs25 fc0 sc0 ls12d ws354\">valutate al fair value con </td><td></td><td></td><td class=\"c x4c3 y351b w121 h14d\"><div class=\"t m18 x60 h148 y183f ff1 fs25 fc0 sc0 ls12d ws355\">Attivit\u00e0 </div></td></tr><tr><td></td><td class=\"c x4bf y351b w11a h149\"><div class=\"t m18 x3c h148 y1819 ff1 fs25 fc0 sc0 ls12d ws355\">finanziarie </div></td><td class=\"c x4c0 y351b w11b h149\"><div class=\"t m18 x3c h148 y1819 ff1 fs25 fc0 sc0 ls12d ws355\">finanziarie </div></td><td class=\"c x4c1 y351b w11c h149\"><div class=\"t m18 x3c h148 y1819 ff1 fs25 fc0 sc0 ls12d ws355\">finanziarie </div></td><td></td><td class=\"c x4c4 y351b w11f h14d\"><div class=\"t m18 x4d h148 y183d ff1 fs25 fc0 sc0 ls12d ws354\">Derivati di copertura<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4c5 y351b w120 h14d\"><div class=\"t m18 x55 h148 y183e ff1 fs25 fc0 sc0 ls12d ws354\">Attivit\u00e0 materiali<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x4ba y351b w122 h14e\"><div class=\"t m18 x2a h148 y1841 ff2 fs25 fc0 sc0 ls137 ws361\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"t m18 x4c6 h148 y351d ff1 fs25 fc0 sc0 ls12d ws354\">impatto sulla redditivit\u00e0 </td><td></td><td></td><td class=\"c x4c3 y351b w121 h14d\"><div class=\"t m18 x24 h148 y1840 ff1 fs25 fc0 sc0 ls12d ws355\">immateriali<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c x4bf y351b w11a h149\"><div class=\"t m18 x3c h148 y181a ff1 fs25 fc0 sc0 ls12e ws356\">detenute per </div></td><td class=\"c x4c0 y351b w11b h149\"><div class=\"t m18 x3c h148 y181a ff1 fs25 fc0 sc0 ls12d ws354\">designate al </div></td><td class=\"c x4c1 y351b w11c h149\"><div class=\"t m18 x3c h148 y181a ff1 fs25 fc0 sc0 ls12d ws355\">obbligatoriament<span class=\"_ _4ac\"> </span></div></td><td class=\"t m18 x4c7 h148 y351e ff1 fs25 fc0 sc0 ls12d ws355\">compless<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x4bf y351b w11a h149\"><div class=\"t m18 x3c h148 y181b ff1 fs25 fc0 sc0 ls12f ws357\">la </div></td><td class=\"c x4c0 y351b w11b h149\"><div class=\"t m18 x3c h148 y181b ff1 fs25 fc0 sc0 ls12f ws359\">fair value</div></td><td class=\"c x4c1 y351b w11c h149\"><div class=\"t m18 x3c h148 y181b ff1 fs25 fc0 sc0 ls12d ws354\">e valutate al fair </div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x4bf y351b w11a h149\"><div class=\"t m18 x3c h148 y181c ff1 fs25 fc0 sc0 ls130 ws358\">negozi<span class=\"_ _0\"></span>azione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c1 y351b w11c h149\"><div class=\"t m18 x3c h148 y181c ff1 fs25 fc0 sc0 ls131 ws35a\">value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y181e ff2 fs25 fc0 sc0 ls132 ws35b\">1. Esistenz<span class=\"_ _0\"></span>e iniziali<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y3521 w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">41.271<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4c9 y3521 w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">41.271<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1820 ff2 fs25 fc0 sc0 ls134 ws35d\">2. Aume<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y3522 w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">33.286<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4c9 y3522 w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">33.286<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1822 ff1 fs25 fc0 sc0 ls135 ws35e\">2.1. Ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>sti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y3523 w467 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">27.970<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ca y3523 w467 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">27.970<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1824 ff1 fs25 fc0 sc0 ls12d ws354\">2.2.<span class=\"_ _1\"></span> Profitti imputati a:<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4cb y3524 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4cc y3524 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1826 ff1 fs25 fc0 sc0 ls136 ws360\">2.2.<span class=\"_ _1\"></span>1. Conto Economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4cb y3525 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4cc y3525 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x4cd y3526 w469 h43b\"><div class=\"t m18 x1fa h148 y3520 ff16 fs25 fc0 sc0 ls12d ws355\">\u2212 di cui plu<span class=\"_ _1\"></span>svalenze<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4ce y3526 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4cf y3526 w468 h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">5.316<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1829 ff2 fs25 fc0 sc0 ls134 ws35d\">3. Diminuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x33e y3527 w46a h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">(10.<span class=\"_ _0\"></span>407)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d0 y3527 w46b h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">(<span class=\"_ _0\"></span>10.407)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y182b ff1 fs25 fc0 sc0 ls135 ws35e\">3.1. Vend<span class=\"_ _0\"></span>ite<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y3528 w46c h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(4.000)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d1 y3528 w46d h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(4.000)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y182d ff1 fs25 fc0 sc0 ls135 ws35e\">3.2. Rim<span class=\"_ _0\"></span>bors<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y3529 w46c h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(6.267)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d1 y3529 w46d h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(6.267)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y182f ff1 fs25 fc0 sc0 ls12d ws354\">3.3.<span class=\"_ _1\"></span> Perdite imputate a:<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x2f9 y352a w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d2 y352a w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x55 h148 y1831 ff1 fs25 fc0 sc0 ls136 ws360\">3.3.<span class=\"_ _1\"></span>1. Conto Economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x2f9 y352b w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d2 y352b w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x55 h14b y1833 ff16 fs25 fc0 sc0 ls131 ws35a\">\u2212 di cui mi<span class=\"_ _0\"></span>nusval<span class=\"_ _0\"></span>enze<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x2f9 y352c w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d2 y352c w46e h43a\"><div class=\"t m18 x1fa h148 y3520 ff1 fs25 fc0 sc0 ls135 ws35f\">(140)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y351f w119 h14a\"><div class=\"t m18 x3c h148 y1835 ff2 fs25 fc0 sc0 ls134 ws35d\">4. Rimanenz<span class=\"_ _0\"></span>e finali<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4c8 y352d w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">64.150<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4c9 y352d w466 h43a\"><div class=\"t m18 x1fa h148 y3520 ff2 fs25 fc0 sc0 ls133 ws35c\">64.150<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs43a\">Nella tabe<span class=\"_ _0\"></span>lla gli importi sono principalmente r<span class=\"_ _0\"></span>iferiti alla movimentazione delle<span class=\"_ _0\"></span> quote dei FIA in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws100 gs43b\">portaf<span class=\"_ _1\"></span>oglio<span class=\"_ _1\"></span>, gestiti<span class=\"_ _1\"></span> da Anima<span class=\"_ _1\"></span> Alterna<span class=\"_ _1\"></span>tive SG<span class=\"_ _1\"></span>R e Castel<span class=\"_ _1\"></span>lo SGR e BPM<span class=\"_ _1\"></span> Inves<span class=\"_ _1c\"></span>t S<span class=\"_ _0\"></span>GR eff<span class=\"_ _1c\"></span>ettuate nel<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs43c\">period<span class=\"_ _1c\"></span>o di rif<span class=\"_ _1\"></span>erime<span class=\"_ _1\"></span>nto.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls126 ws353 gs43d\">A<span class=\"_ _13\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span> A<span class=\"_ _11\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 n<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al f<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>r v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> o<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> b<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> n<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span> </div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs43e\">ric<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r liv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> d<span class=\"_ _13\"></span>i f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>.<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws58 gs43f\">Nella tabella che segue, le attivit\u00e0 e passivit\u00e0 finanziarie non valutate al fair value, o valutate al </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs440\">fair value su base non ricorrente, sono suddivise tra i diversi livelli della gerarchia di fair value </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs441\">sopra d<span class=\"_ _1c\"></span>escritti<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"gs442\"><table class=\"s w46f h43c\" id=\"_112722ec-48d8-43dd-97dc-e240c5dcd237\"><tr><td class=\"c x4d4 y352e w123 h14f\"><div class=\"t m19 x24 h150 y1843 ff2 fs26 fc0 sc0 ls138 ws362\">Att<span class=\"_ _0\"></span>ivit\u00e0/Passivit\u00e0 non m<span class=\"_ _0\"></span>isurate al f<span class=\"_ _0\"></span>air value o misurate al </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x4d4 y352e w123 h14f\"><div class=\"t m19 x24 h150 y1844 ff2 fs26 fc0 sc0 ls138 ws362\">fair value su </div></td><td></td><td></td><td class=\"c x4d5 y352e w125 h14f\"><div class=\"t m19 xfc h150 y184d ff2 fs26 fc0 sc0 ls13d ws369\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x4d6 y352e w126 h14f\"><div class=\"t m19 xfc h150 y184d ff2 fs26 fc0 sc0 ls13d ws369\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x4d4 y352e w123 h14f\"><div class=\"t m19 x24 h150 y1845 ff2 fs26 fc0 sc0 ls138 ws362\">base non ricorrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d7 y3530 w470 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls1 ws1\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d8 y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4d9 y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4da y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4db y3530 w472 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls1 ws1\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4dc y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4dd y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4de y3530 w471 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls139 ws363\">L3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3531 w473 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13a ws364\">1. Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al costo am<span class=\"_ _0\"></span>mortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4df y3531 w474 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">175.707<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4e0 y3531 w475 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">165.671<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e1 y3531 w476 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">10.037<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e2 y3531 w474 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">259.860<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4e3 y3531 w474 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">254.090<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e4 y3531 w477 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">5.770<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3532 w478 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13c ws367\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e5 y3532 w479 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">175.707<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4e6 y3532 w47a h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">165.671<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e7 y3532 w47b h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">10.037<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4e8 y3532 w47c h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">259.<span class=\"_ _0\"></span>860<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x4e9 y3532 w47d h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">254.<span class=\"_ _0\"></span>090<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ea y3532 w47e h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">5.<span class=\"_ _0\"></span>770<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3533 w47f h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13a ws364\">1. Passivit\u00e0 finanziarie valutate<span class=\"_ _1\"></span> al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4eb y3533 w480 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>818.144)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ec y3533 w480 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(577.<span class=\"_ _0\"></span>595)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ed y3533 w481 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>212.066)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ee y3533 w482 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>19.788)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ef y3533 w480 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>800.757)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f0 y3533 w483 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(585.214)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f1 y3533 w480 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>196.733)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f2 y3533 w482 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13b ws365\">(<span class=\"_ _0\"></span>18.810)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3534 w484 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc0 sc0 ls13a ws364\">2. Passivit\u00e0 ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iate ad attivit\u00e0 in<span class=\"_ _1\"></span> via di dismis<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f3 y3534 w485 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x4f4 y3534 w486 h43d\"><div class=\"t m19 x1fa h150 y352f ff1 fs26 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w478 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13c ws367\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f5 y345e w487 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(818.<span class=\"_ _0\"></span>144)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f6 y345e w488 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(<span class=\"_ _0\"></span>577.595)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f7 y345e w489 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(212.<span class=\"_ _0\"></span>066)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f8 y345e w48a h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(19.<span class=\"_ _0\"></span>788)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4f9 y345e w48b h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(800.757)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4fa y345e w489 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(585.<span class=\"_ _0\"></span>214)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4fb y345e w488 h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(<span class=\"_ _0\"></span>196.733)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4fc y345e w48a h43d\"><div class=\"t m19 x1fa h150 y352f ff2 fs26 fc0 sc0 ls13d ws368\">(18.<span class=\"_ _0\"></span>810)<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 hb ff2 fs8 fc0 sc0 ls1e ws34a gs443\">Legend<span class=\"_ _1c\"></span>a: <span class=\"ff1 ls16 ws1f0\">VB= Valore di Bilanc<span class=\"_ _1\"></span>io;<span class=\"ff2 ls1 ws1\"> </span><span class=\"ls18 ws22\">L1=Livello 1; L<span class=\"_ _0\"></span>2=Livello 2;<span class=\"_ _0\"></span> L2=Livello 3.<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 hb ff1 fs8 fc0 sc0 ls16 ws1f3 gs444\">Si segnala che nella tab<span class=\"_ _1\"></span>ella sopra riportata, la<span class=\"_ _1\"></span> sottovoce \u201cPassivit\u00e0 <span class=\"_ _1\"></span>finanziarie valutat<span class=\"_ _1\"></span>e al costo ammortizz<span class=\"_ _1\"></span>ato <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1\"></span><span class=\"ls18 ws1f4\">L1\u201d pari a E<span class=\"_ _0\"></span>uro 577,6<span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 hb ff1 fs8 fc0 sc0 ls16 ws1f0 gs445\">milioni accoglie il fair value del presti<span class=\"_ _1\"></span>to obbligazionari<span class=\"_ _1\"></span>o emesso dalla Societ\u00e0, valorizzat<span class=\"_ _1\"></span>o considerando anche i ra<span class=\"_ _1\"></span>tei di interessi in </div><div class=\"t m0 hb ff1 fs8 fc0 sc0 ls18 ws22 gs446\">corso di<span class=\"_ _0\"></span> maturazione.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-653": {
   "value": "<div class=\"t m0 h2 ff2 fs0 fc0 sc0 lse ws16 gs448\">Operaz<span class=\"_ _0\"></span>ione di aggregazio<span class=\"_ _0\"></span>ne di Kairos SGR<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws104 gs449\">Il 2 maggio 2024 (\u201cclos<span class=\"_ _0\"></span>ing date\u201d) Anima Holding ha acquis<span class=\"_ _0\"></span>ito da Kairos Investment Management </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws19 gs44a\">S.p.A. una quota pari al 100% del capitale sociale di Kairos SGR, ad un prezzo provvisorio pari a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs44b\">Euro 19,<span class=\"_ _0\"></span>3 milioni. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs44c\">L\u2019acquisizione<span class=\"_ _0\"></span> del controllo di K<span class=\"_ _0\"></span>airos SGR si \u00e8<span class=\"_ _0\"></span> configurata come un<span class=\"_ _0\"></span>a <span class=\"ff5 ls41 ws5\">busi<span class=\"_ _d\"></span>ne<span class=\"_ _0\"></span>ss combi<span class=\"_ _1c\"></span>na<span class=\"_ _d\"></span>ti<span class=\"_ _1c\"></span>on<span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls32 ws5e\">d<span class=\"_ _0\"></span>a </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsa7 gs44d\">contabilizz<span class=\"_ _0\"></span>arsi in base all\u2019IFRS 3 applicando il \u201cmetodo dell\u2019acquisizione\u201d. Pertanto, come </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs44e\">prev<span class=\"_ _1\"></span>ede l\u2019I<span class=\"_ _1\"></span>FRS 3, a<span class=\"_ _1\"></span>lla da<span class=\"_ _1c\"></span>ta dell\u2019a<span class=\"_ _1\"></span>cquisizi<span class=\"_ _1c\"></span>one \u00e8 st<span class=\"_ _1\"></span>ato nec<span class=\"_ _1\"></span>essari<span class=\"_ _1\"></span>o pro<span class=\"_ _1\"></span>cede<span class=\"_ _1\"></span>re a: <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs44f\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws0\">identific<span class=\"_ _0\"></span>are l\u2019acquirente e la dat<span class=\"_ _0\"></span>a dell\u2019acquisizione;</span><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs450\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws0\">determ<span class=\"_ _0\"></span>inare il costo dell\u2019acquisizione; </span><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs451\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws0\">allocare<span class=\"_ _0\"></span> il costo dell\u2019acquisizione (<span class=\"ff5 ls3e ws197\">P<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase<span class=\"_ _13\"></span> Price<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>llocati<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> \u2013 <span class=\"ls11 ws29\">\u201cPPA\u201d), rilevando le attivit\u00e0, le </span></span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs452\">passivit\u00e0 e<span class=\"_ _0\"></span> le passivit\u00e0 potenziali ident<span class=\"_ _0\"></span>ificabili della so<span class=\"_ _0\"></span>ciet\u00e0 acquisita ai relativi fair<span class=\"_ _0\"></span> value alla </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs453\">data di acquisizione, con inoltre l\u2019is<span class=\"_ _0\"></span>crizione di eventuali attivit\u00e0 immateriali anco<span class=\"_ _0\"></span>rch\u00e9 non </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws12e gs454\">gi\u00e0 rilev<span class=\"_ _0\"></span>ate dal sogge<span class=\"ls0 ws9c\">tto acquisito.<span class=\"_ _0\"></span> Ad esito dell\u2019allocazione del costo di acquisizione, il </span></div><div class=\"t m0 h2 ff5 fs0 fc0 sc0 ls11 ws5 gs455\">g<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>ill<span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws86\">r<span class=\"_ _0\"></span>appresenta l\u2019eventu<span class=\"_ _0\"></span>ale eccedenza fra il costo<span class=\"_ _0\"></span> sostenuto per l\u2019acquisiz<span class=\"_ _0\"></span>ione ed il </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs456\">fair value de<span class=\"_ _0\"></span>lle attivit\u00e0 e passivit\u00e0 acquisite ident<span class=\"_ _0\"></span>ificate. Per contro il <span class=\"ff5 ls11 ws5\">b<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>ill <span class=\"_ _11\"></span></span><span class=\"ls1d ws2b\">rappr<span class=\"_ _0\"></span>esent<span class=\"_ _0\"></span>a </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws63 gs457\">un acquisto effettuato a prezzi fav<span class=\"_ _1\"></span>orevoli e pertanto un\u2019eccedenza del fair <span class=\"_ _1\"></span>vlaue delle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs458\">attivit\u00e0 e pass<span class=\"_ _0\"></span>ivit\u00e0 identificate<span class=\"_ _0\"></span> rispetto al costo di acquisizione.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs459\">Nell\u2019oper<span class=\"_ _0\"></span>azione di acquisizione di K<span class=\"_ _0\"></span>airos SGR l\u2019<span class=\"_ _0\"></span>acquirente \u00e8 stato Anim<span class=\"_ _0\"></span>a Holding, che il 2 m<span class=\"_ _0\"></span>aggio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc1 gs45a\">2024, dat<span class=\"_ _0\"></span>a in cui si \u00e8 perfezionata l\u2019operazio<span class=\"_ _0\"></span>ne e previo ottenimento delle auto<span class=\"_ _0\"></span>rizzazioni </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs45b\">previste<span class=\"_ _0\"></span> dalle Autorit\u00e0 di Vigilanza,<span class=\"_ _0\"></span> ha acquisito il con<span class=\"_ _0\"></span>trollo di <span class=\"lsf ws92\">Kairos<span class=\"_ _1\"></span> SGR a<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>nsi de<span class=\"_ _1\"></span>ll\u2019I<span class=\"_ _1\"></span>FRS 1<span class=\"_ _1c\"></span>0, </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs45c\">con conseguente o<span class=\"_ _0\"></span>bbligo di includerla nel perimetro<span class=\"_ _0\"></span> di consolidamento, accoglien<span class=\"_ _0\"></span>do il risultato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws29 gs1b6\">economico della societ\u00e0 a partire da tale data.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs1b7\">Per eff<span class=\"_ _1\"></span>ettuar<span class=\"_ _1\"></span>e l\u2019op<span class=\"_ _1\"></span>erazion<span class=\"_ _1\"></span>e di ag<span class=\"_ _1\"></span>gregazi<span class=\"_ _1\"></span>one azi<span class=\"_ _1c\"></span>en<span class=\"_ _0\"></span>dal<span class=\"_ _1c\"></span>e, Anima Hol<span class=\"_ _1\"></span>ding <span class=\"_ _1\"></span>ha sost<span class=\"_ _1\"></span>enuto co<span class=\"_ _1c\"></span>sti pari a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gs45d\">circa<span class=\"_ _1\"></span> Eur<span class=\"_ _1\"></span>o 0,7<span class=\"_ _1\"></span> mili<span class=\"_ _1c\"></span>oni che <span class=\"_ _1c\"></span>sono sta<span class=\"_ _1c\"></span>ti rileva<span class=\"_ _1c\"></span>ti nel c<span class=\"_ _1c\"></span>onto ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1\"></span>co co<span class=\"_ _1\"></span>nsoli<span class=\"_ _1c\"></span>dato, p<span class=\"_ _1\"></span>er ci<span class=\"_ _1c\"></span>rca Eur<span class=\"_ _1\"></span>o 0,5<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs1b9\">milioni ne<span class=\"_ _0\"></span>ll\u2019esercizio 2023 <span class=\"_ _0\"></span>e circa <span class=\"_ _0\"></span>Euro 0,2 milioni n<span class=\"_ _0\"></span>ell\u2019eser<span class=\"ls1c ws26\">cizio<span class=\"_ _1\"></span> 2024,<span class=\"_ _1\"></span> come<span class=\"_ _1\"></span> richi<span class=\"_ _1\"></span>esto d<span class=\"_ _1\"></span>all\u2019I<span class=\"_ _1\"></span>FRS 3.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 wsca gs1ba\">Successivamente alla data del closing, sono <span class=\"_ _1\"></span>state verificate talune clausole c<span class=\"_ _1\"></span>ontrattuali che </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs45e\">hann<span class=\"_ _1\"></span>o det<span class=\"_ _1\"></span>ermi<span class=\"_ _1\"></span>nato u<span class=\"_ _1\"></span>n ag<span class=\"_ _1\"></span>giusta<span class=\"_ _1\"></span>mento<span class=\"_ _1c\"></span> in riduzi<span class=\"_ _1c\"></span>one del<span class=\"_ _1\"></span> prezz<span class=\"_ _1\"></span>o cor<span class=\"_ _1\"></span>rispo<span class=\"_ _1\"></span>sto da<span class=\"_ _1\"></span>lla S<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1\"></span> di c<span class=\"_ _1\"></span>irca<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs1bc\">Euro 0,7<span class=\"_ _0\"></span> milioni.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs1bd\">Con riferimen<span class=\"_ _0\"></span>to all\u2019allocazione<span class=\"_ _0\"></span> del costo di acquisizion<span class=\"_ _0\"></span>e e alla rilevazione<span class=\"_ _0\"></span> al fair value de<span class=\"_ _0\"></span>lle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs45f\">attivit\u00e0 e pass<span class=\"_ _0\"></span>ivit\u00e0 acquisite e di potenziali nuove attivit\u00e0 int<span class=\"_ _0\"></span>angibili non gi\u00e0 iscritte nel bilanc<span class=\"_ _0\"></span>io </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws104 gs1bf\">di Ka<span class=\"_ _1\"></span>iros <span class=\"_ _1c\"></span>SGR, si<span class=\"_ _1\"></span> segna<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> che il<span class=\"_ _1\"></span> Gr<span class=\"_ _1\"></span>uppo A<span class=\"_ _1c\"></span>nima ha<span class=\"_ _1c\"></span> conclu<span class=\"ls0 ws77\">s<span class=\"_ _1\"></span>o in via definitiva il pr<span class=\"_ _0\"></span>ocesso di PPA nel </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws102 gs460\">cors<span class=\"_ _0\"></span>o del pr<span class=\"_ _0\"></span>imo semest<span class=\"_ _0\"></span>re 2025,<span class=\"_ _0\"></span> avva<span class=\"_ _0\"></span>lendos<span class=\"_ _0\"></span>i della fac<span class=\"_ _0\"></span>olt\u00e0<span class=\"_ _0\"></span> previ<span class=\"_ _0\"></span>sta dal para<span class=\"_ _0\"></span>graf<span class=\"_ _0\"></span>o 45 dell\u2019I<span class=\"_ _0\"></span>FRS 3 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1c1\">che concede, al soggetto<span class=\"_ _0\"></span> acquirente, 12 mesi dalla data di acqu<span class=\"_ _0\"></span>isizione per completar<span class=\"_ _0\"></span>lo.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs461\">Il costo<span class=\"_ _0\"></span> dell\u2019acquisizione,<span class=\"_ _0\"></span> pari al corr<span class=\"_ _0\"></span>ispettivo trasferito<span class=\"_ _0\"></span> alla closing date<span class=\"_ _0\"></span> per il 100% di K<span class=\"_ _0\"></span>airos </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsc2 gs462\">SGR al<span class=\"_ _1\"></span> net<span class=\"_ _1\"></span>to degl<span class=\"_ _1\"></span>i agg<span class=\"_ _1\"></span>iusta<span class=\"_ _1\"></span>menti<span class=\"_ _1\"></span> prezz<span class=\"_ _1\"></span>o, pe<span class=\"_ _1\"></span>r comp<span class=\"_ _1\"></span>lessiv<span class=\"_ _1\"></span>i Eu<span class=\"_ _1\"></span>ro 18<span class=\"_ _1\"></span>,7 mili<span class=\"_ _1c\"></span>oni circa<span class=\"_ _1c\"></span>, \u00e8 stato p<span class=\"_ _1\"></span>erta<span class=\"_ _1\"></span>nto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs463\">il valore allo<span class=\"_ _0\"></span>cato ai sensi dell\u2019IFRS 3. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs3a5\">Il proce<span class=\"_ _0\"></span>sso di PPA, concluso nel 2025,<span class=\"_ _0\"></span> ha comportato la rilevazione di u<span class=\"_ _0\"></span>n badwill definit<span class=\"_ _0\"></span>ivo pari </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs1c6\">a circa Euro<span class=\"_ _0\"></span> 10,8 milioni e di at<span class=\"_ _0\"></span>tivit\u00e0 immater<span class=\"_ _0\"></span>iali a vita utile def<span class=\"_ _0\"></span>inita pari a circa Euro<span class=\"_ _0\"></span> 3,1 milioni, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs1c7\">al lordo delle<span class=\"_ _0\"></span> passivit\u00e0 fiscali differ<span class=\"_ _0\"></span>ite per circa <span class=\"ws15\">Euro 0,9 m<span class=\"_ _0\"></span>ilioni, <span class=\"_ _0\"></span>come di seguito<span class=\"_ _0\"></span> evidenziato. <span class=\"ls1 ws1\"> </span></span></div><div class=\"gs465\"><table class=\"s w48c h43e\" id=\"_f2d361e7-fdd7-4ef5-b92d-f97fd0d23dfa\"><tr><td></td><td class=\"c x405 y3535 w127 h154\"><div class=\"t m1a x178 h155 y189d ff1 fs27 fc0 sc0 ls13e ws36a\">Valori in Eu<span class=\"_ _1\"></span>ro m<span class=\"_ _0\"></span>igliaia<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3535 w127 h154\"><div class=\"t m1a x24 h156 y189e ffd fs27 fc0 sc0 ls13f ws36b\">P<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>rice<span class=\"_ _0\"></span> All<span class=\"_ _0\"></span>ocation - Kairos SGR <span class=\"_ _1\"></span>(<span class=\"_ _0\"></span>100<span class=\"_ _1\"></span>%)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3537 w48d h43f\"><div class=\"t m1a x1fa h155 y3536 ff1 fs27 fc0 sc0 ls13e ws36a\">Patrimonio netto al 2<span class=\"_ _1c\"></span>/05<span class=\"_ _1\"></span>/2<span class=\"_ _1\"></span>4 (clos<span class=\"_ _0\"></span>ing date)(FV provvisorio)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4fd y3537 w48e h43f\"><div class=\"t m1a x1fa h155 y3536 ff1 fs27 fc0 sc0 ls140 ws36c\">27.302<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3538 w48f h43f\"><div class=\"t m1a x1fa h155 y3536 ff1 fs27 fc0 sc0 ls13e ws36a\">Prez<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>finitivo pagato<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4fe y3538 w48e h43f\"><div class=\"t m1a x1fa h155 y3536 ff1 fs27 fc0 sc0 ls140 ws36c\">18.658<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3539 w490 h43f\"><div class=\"t m1a x1fa h155 y3536 ff2 fs27 fc0 sc0 ls141 ws36e\">Bad<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>l p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ovvis<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x4ff y3539 w491 h43f\"><div class=\"t m1a x1fa h155 y3536 ff2 fs27 fc0 sc0 ls142 ws36f\">8.<span class=\"_ _0\"></span>644<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353a w492 h43f\"><div class=\"t m1a x1fa h155 y3536 ff1 fs27 fc0 sc0 ls13e ws36a\">Intangibile da<span class=\"_ _1\"></span> PPA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x500 y353a w493 h43f\"><div class=\"t m1a x1fa h155 y3536 ff1 fs27 fc0 sc0 ls140 ws36c\">3.074<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353b w494 h43f\"><div class=\"t m1a x1fa h155 y3536 ff1 fs27 fc0 sc0 ls13e ws36a\">Pass<span class=\"_ _0\"></span>ivit\u00e0 per fis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>alit\u00e0 differita da PPA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x501 y353b w495 h43f\"><div class=\"t m1a x1fa h155 y3536 ff1 fs27 fc0 sc0 ls140 ws36c\">(<span class=\"_ _0\"></span>909)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w496 h43f\"><div class=\"t m1a x1fa h155 y3536 ff2 fs27 fc0 sc0 ls143 ws370\">Badwill d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>initivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x502 y345e w497 h43f\"><div class=\"t m1a x1fa h155 y3536 ff2 fs27 fc0 sc0 ls142 ws36f\">10.<span class=\"_ _0\"></span>809<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff1 fs5 fc0 sc0 ls21 ws18 gs466\">Purchas<span class=\"_ _0\"></span>e Price Alloc<span class=\"_ _0\"></span>ation <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Kai<span class=\"_ _0\"></span>ros SGR<span class=\"_ _0\"></span></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs467\">Il processo<span class=\"_ _0\"></span> di allocazione del prezzo  h<span class=\"_ _0\"></span>a richiesto che le attivit<span class=\"_ _0\"></span>\u00e0 identificabili acquisit<span class=\"_ _0\"></span>e (comprese </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs468\">eventuali a<span class=\"_ _0\"></span>ttivit\u00e0 immateriali in pr<span class=\"_ _0\"></span>ecedenza non rile<span class=\"_ _0\"></span>vate dall\u2019impresa acquis<span class=\"_ _0\"></span>ita) e le passiv<span class=\"_ _0\"></span>it\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs469\">identificabili as<span class=\"_ _0\"></span>sunte (comprese quelle<span class=\"_ _0\"></span> potenziali) fossero r<span class=\"_ _0\"></span>ilevate nel bilancio dell\u2019ac<span class=\"_ _0\"></span>quirente ai </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs46a\">rispett<span class=\"_ _0\"></span>ivi Fair V<span class=\"_ _0\"></span>alue alla dat<span class=\"_ _0\"></span>a di ac<span class=\"_ _0\"></span>quisizione.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws18b gs46b\">Come p<span class=\"_ _1\"></span>oc\u2019a<span class=\"_ _1\"></span>nzi s<span class=\"_ _1\"></span>egnala<span class=\"_ _1c\"></span>to, la Soci<span class=\"_ _1c\"></span>et\u00e0 ha co<span class=\"_ _1\"></span>nclus<span class=\"_ _1c\"></span>o il proce<span class=\"_ _1c\"></span>sso di P<span class=\"_ _1\"></span>PA nel c<span class=\"_ _1\"></span>orso d<span class=\"_ _1\"></span>el pri<span class=\"_ _1\"></span>mo se<span class=\"_ _1\"></span>mestr<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs46c\">2025, a<span class=\"_ _1\"></span>vval<span class=\"_ _1\"></span>endosi<span class=\"_ _1\"></span> del s<span class=\"_ _1\"></span>uppo<span class=\"_ _1\"></span>rto di <span class=\"_ _1\"></span>un esp<span class=\"_ _1\"></span>erto i<span class=\"_ _1\"></span>ndipend<span class=\"_ _1c\"></span>ente.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws8d gs46d\">In co<span class=\"_ _1\"></span>nsid<span class=\"_ _1c\"></span>erazio<span class=\"_ _1\"></span>ne del<span class=\"_ _1\"></span>la na<span class=\"_ _1c\"></span>tura del<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 e<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>e pas<span class=\"_ _1c\"></span>sivit\u00e0 d<span class=\"_ _1\"></span>i Kai<span class=\"_ _1\"></span>ros <span class=\"_ _1\"></span>SGR, <span class=\"_ _1\"></span>non s<span class=\"_ _1c\"></span>ono sta<span class=\"_ _1\"></span>ti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws2b gs46e\">risc<span class=\"_ _1\"></span>ontrati<span class=\"_ _1c\"></span> eleme<span class=\"_ _1\"></span>nti tal<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>da fa<span class=\"_ _1\"></span>r rite<span class=\"_ _1\"></span>nere<span class=\"_ _1\"></span> che<span class=\"_ _1\"></span> il lo<span class=\"_ _1\"></span>ro fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lue <span class=\"_ _1\"></span>non f<span class=\"_ _1c\"></span>osse r<span class=\"_ _1\"></span>agion<span class=\"_ _1\"></span>evolme<span class=\"_ _1c\"></span>nte in l<span class=\"_ _1\"></span>inea<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs46f\">con i valori cont<span class=\"_ _0\"></span>abili alla <span class=\"ff5 ls32 wsca\">c<span class=\"_ _0\"></span>lo<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span> d<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span></span>e.<span class=\"_ _0\"></span> Dalle specifiche analisi e<span class=\"_ _0\"></span>ffettuate, tenuto conto della </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs470\">natura dell\u2019<span class=\"_ _0\"></span>attivit\u00e0 svolta, de<span class=\"_ _0\"></span>l <span class=\"ff5 ls3a ws29\">bus<span class=\"_ _0\"></span>i<span class=\"_ _1c\"></span>ne<span class=\"_ _13\"></span>ss m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"ff1 ls0 ws76\">e della co<span class=\"_ _0\"></span>nfigurazione oper<span class=\"_ _0\"></span>ativa di Kairos S<span class=\"_ _0\"></span>GR e </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs471\">in line<span class=\"_ _0\"></span>a con la prassi nel s<span class=\"_ _0\"></span>ettore di rifer<span class=\"_ _0\"></span>imento, \u00e8 st<span class=\"_ _0\"></span>ato identificato un intan<span class=\"_ _0\"></span>gibile a vita ut<span class=\"_ _0\"></span>ile </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs472\">definit<span class=\"_ _0\"></span>a relativo alla <span class=\"_ _0\"></span><span class=\"ff5 ls11 ws29\">C<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> R<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>lat<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span>ip<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> <span class=\"ls11 ws19\">(\u201cCR\u201d), connesso al valore dei r<span class=\"_ _0\"></span>apporti contrattuali </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws107 gs473\">con l<span class=\"_ _1\"></span>a cl<span class=\"_ _1\"></span>ient<span class=\"_ _1\"></span>ela.<span class=\"_ _1\"></span> La vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile d<span class=\"_ _1c\"></span>efinita<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span>la CR<span class=\"_ _1c\"></span> \u00e8 sta<span class=\"_ _1\"></span>ta sti<span class=\"_ _1c\"></span>mata d<span class=\"_ _1\"></span>i 15 a<span class=\"_ _1c\"></span>nni, in<span class=\"_ _1\"></span> linea<span class=\"_ _1c\"></span> con q<span class=\"_ _1\"></span>uant<span class=\"_ _1\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gs474\">risc<span class=\"_ _1\"></span>ontrat<span class=\"_ _1\"></span>o nel se<span class=\"_ _1\"></span>ttore di<span class=\"_ _1\"></span> riferime<span class=\"_ _1c\"></span>nto.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs475\">Il metodo di valutaz<span class=\"_ _0\"></span>ione adottato per stimare il valore ec<span class=\"_ _0\"></span>onomico dell\u2019intangibile identific<span class=\"_ _0\"></span>ato si </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs476\">\u00e8 basato s<span class=\"_ _0\"></span>ul metodo dei flussi di r<span class=\"_ _0\"></span>isult<span class=\"_ _0\"></span>ato incrementali (<span class=\"ff5 ls11 ws29\">M<span class=\"_ _13\"></span>u<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span> E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span> E<span class=\"_ _0\"></span>arn<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span> M<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> \u2013 </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs477\">\u201cMEEM\u201d). Ta<span class=\"_ _0\"></span>le metodologia consiste<span class=\"_ _0\"></span> nella stima del fair<span class=\"_ _0\"></span> value sulla bas<span class=\"_ _0\"></span>e della redditiv<span class=\"_ _0\"></span>it\u00e0 attesa </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws189 gs478\">dell\u2019intan<span class=\"_ _0\"></span>gibile oggetto di valut<span class=\"_ _0\"></span>azione lun<span class=\"_ _0\"></span>go la sua vita utile e, in<span class=\"_ _0\"></span> particolare,<span class=\"_ _0\"></span> consiste </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs479\">nell\u2019<span class=\"_ _0\"></span>attualizzazione dei fluss<span class=\"_ _0\"></span>i operativi futuri r<span class=\"_ _0\"></span>iconducibili agli asset<span class=\"_ _0\"></span> identificabili,<span class=\"_ _0\"></span> al netto della </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws85 gs47a\">remu<span class=\"_ _0\"></span>neraz<span class=\"_ _0\"></span>ione de<span class=\"_ _0\"></span>lle al<span class=\"ls0 ws0\">tr<span class=\"_ _0\"></span>e attivit\u00e0, tangibili e intangibili,<span class=\"_ _0\"></span> che concorrono alla generazione di tali </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs47b\">flussi e degli oner<span class=\"_ _0\"></span>i fiscali. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf0 gs47c\">Nello specifico, il fair value degli intangibili individu<span class=\"_ _0\"></span>ati \u00e8 stato determinato tenendo in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs47d\">considerazione<span class=\"_ _0\"></span> i seguenti elementi:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs47e\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws0\">per la st<span class=\"_ _0\"></span>ima dei flussi di risultato lordi</span><span class=\"ff1\"> <span class=\"lsf ws1f\">sono s<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>ti:<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></span></span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs47f\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws0\">i volumi iniziali delle<span class=\"_ _0\"></span> masse gestite da Kairos SGR al 2 maggio 2024;<span class=\"_ _0\"></span> </span><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs480\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 wsaf\">i flussi di r<span class=\"_ _0\"></span>isultato lordi rappresentat<span class=\"_ _0\"></span>i dal margine commissionale, <span class=\"ls35 ws119\">dete<span class=\"_ _0\"></span>rminato<span class=\"_ _0\"></span> in </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf0 gs481\">linea con il dato gestion<span class=\"_ _0\"></span>ale medio ponderato sulle masse dei comparti Asset </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs482\">Manag<span class=\"_ _1\"></span>ement e W<span class=\"_ _1\"></span>ealth Ma<span class=\"_ _1\"></span>nagem<span class=\"_ _1\"></span>ent nell\u2019<span class=\"_ _1\"></span>orizzo<span class=\"_ _1\"></span>nte 2022<span class=\"_ _1\"></span><span class=\"ls1 ws1\">-<span class=\"ls1d ws6a\">2023<span class=\"_ _0\"></span> (in ter<span class=\"_ _0\"></span>mini<span class=\"_ _0\"></span> di rap<span class=\"_ _0\"></span>porto </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs483\">tra le c<span class=\"_ _1c\"></span>ommissio<span class=\"_ _1\"></span>ni net<span class=\"_ _1\"></span>te di<span class=\"_ _1\"></span> gestio<span class=\"_ _1\"></span>ne e l<span class=\"_ _1\"></span>e rela<span class=\"_ _1\"></span>tive ma<span class=\"_ _1\"></span>sse in<span class=\"_ _1\"></span> gesti<span class=\"_ _1\"></span>one);<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs484\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws0\">per la rettif<span class=\"_ _0\"></span>ica dei flussi di risu<span class=\"_ _0\"></span>ltato lordi</span><span class=\"ff2\"> <span class=\"ff1 ls0 ws15\">sono stat<span class=\"_ _0\"></span>i consider<span class=\"_ _0\"></span>ati:</span><span class=\"ff1\"> </span></span></span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs485\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws99\">i costi operat<span class=\"_ _0\"></span>ivi calcolati applicando al margine commission<span class=\"_ _0\"></span>ale il cost/income ratio </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws5c gs486\">stim<span class=\"_ _0\"></span>ato e atteso ne<span class=\"_ _0\"></span>l Busines<span class=\"_ _0\"></span>s plan di K<span class=\"_ _0\"></span>airos SGR per il pe<span class=\"_ _0\"></span>riodo 2025<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"ls1d ws2b\">2029;</span> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs488\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws54\">un contributo economico<span class=\"_ _0\"></span> degli altri asset al valore dell\u2019intangibile oggetto di stima e </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs489\">relativo all\u2019us<span class=\"_ _0\"></span>o della workforce<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>(non identific<span class=\"_ _0\"></span>abile separatamente) e del marchio (gi\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs48a\">iscritto ne<span class=\"_ _0\"></span>lla situazione patrimoniale di Kairo<span class=\"_ _0\"></span>s SGR alla data di acquisizione);<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs48c\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws29\">i <span class=\"_ _15\"> </span><span class=\"ff5 ls38 ws77\">C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tributo<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span><span class=\"ls4e ws371\">A<span class=\"_ _0\"></span>sset C<span class=\"_ _1\"></span>ha<span class=\"_ _1c\"></span>r<span class=\"_ _1\"></span>g<span class=\"_ _1\"></span>es<span class=\"ff1 ls1 ws1\">  (\u201c<span class=\"ls33 wsb6\">CACs</span>\u201d<span class=\"ls30 wsac\">) rapp<span class=\"_ _1\"></span>rese<span class=\"_ _1\"></span>ntano i<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to fi<span class=\"_ _1\"></span>gura<span class=\"_ _1\"></span>tivo<span class=\"_ _1\"></span> associ<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span> </span></span></span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws81 gs48d\">all\u2019ut<span class=\"_ _0\"></span>ilizzo di tutti gli alt<span class=\"_ _0\"></span>ri assets<span class=\"ls1 ws1\"> <span class=\"_ _20\"> </span></span>che contribu<span class=\"_ _0\"></span>iscono alla realiz<span class=\"_ _0\"></span>zazione dei flus<span class=\"_ _0\"></span>si di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs48e\">risultato<span class=\"_ _0\"></span> riconducibili <span class=\"_ _0\"></span>all\u2019int<span class=\"_ _0\"></span>angib<span class=\"ls1 ws1\">i</span><span class=\"wse0\">le oggetto di valutaz<span class=\"_ _0\"></span>ione e ascrivibile all\u2019uso<span class=\"_ _0\"></span> della </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs48f\">workforce e del marchio<span class=\"_ _0\"></span> gi\u00e0 presente nella situazio<span class=\"_ _0\"></span>ne alla data di acquisizione<span class=\"_ _0\"></span>;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs490\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls30 ws8f\">cost<span class=\"_ _1\"></span>o figura<span class=\"_ _1c\"></span>tivo con<span class=\"_ _1\"></span>nes<span class=\"_ _1\"></span>so all\u2019a<span class=\"_ _1\"></span>sso<span class=\"_ _1\"></span>rbime<span class=\"_ _1\"></span>nto pa<span class=\"_ _1\"></span>trim<span class=\"_ _1\"></span>onial<span class=\"_ _1\"></span>e lega<span class=\"_ _1\"></span>to al ri<span class=\"_ _1\"></span>schi<span class=\"_ _1\"></span>o ope<span class=\"_ _1\"></span>rativ<span class=\"_ _1\"></span>o </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs491\">dell\u2019intan<span class=\"_ _0\"></span>gibile oggetto v<span class=\"_ _0\"></span>alutazione <span class=\"_ _0\"></span>del 25%;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs492\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws15\">l\u2019impos<span class=\"_ _0\"></span>izione fiscale calcolat<span class=\"_ _0\"></span>a applicando un <span class=\"ff5 ls38 wsae\">tax ra<span class=\"_ _1\"></span>te<span class=\"_ _13\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws15\">figurativo al 29,57% (<span class=\"ls11 ws19\">IRES<span class=\"_ _0\"></span> pari al </span></span></span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs493\">24% ed IRAP pari al 5,57%<span class=\"_ _0\"></span>) applicata ai flussi di risult<span class=\"_ _0\"></span>ato lordi determinati;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffe fs0 fc0 sc0 ls1 ws1 gs494\">-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws0\">per l\u2019attua<span class=\"_ _0\"></span>lizzazione dei flussi di risultato netti</span><span class=\"ff2\"> <span class=\"ff1 ls0 ws0\">\u00e8 stato utilizzato il costo del capit<span class=\"_ _0\"></span>ale proprio </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls32 ws11d gs495\">\u201cK<span class=\"_ _0\"></span>e\u201d p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>i a c<span class=\"_ _0\"></span>irc<span class=\"_ _0\"></span>a il<span class=\"_ _0\"></span> 14%<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span><span class=\"ls35 wse2\">timato a<span class=\"_ _0\"></span>ttraverso la<span class=\"_ _0\"></span> metodologia de<span class=\"_ _0\"></span>l Capital Ass<span class=\"_ _0\"></span>et Pricing Model </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gs496\">(\u201cCAPM\u201d). <span class=\"_ _0\"></span><span class=\"ls0 ws54\">In<span class=\"_ _0\"></span>fine, ai fini della determinazione del fair value, \u00e8 <span class=\"_ _1\"></span>stato considerato il beneficio </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs497\">fiscale as<span class=\"_ _0\"></span>sociato all\u2019ammortamento dell\u2019<span class=\"_ _0\"></span>attivit\u00e0 immateriale (Tax amortiz<span class=\"_ _0\"></span>ation benefit <span class=\"ls1 ws1\">\u2013 </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gs498\">\u201cTAB\u201d).<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs499\">Il proces<span class=\"_ _0\"></span>so di PPA ha reso<span class=\"_ _0\"></span> possibile rilev<span class=\"_ _0\"></span>are (i) il fair valu<span class=\"_ _0\"></span>e dell\u2019int<span class=\"_ _0\"></span>angibile a vita utile<span class=\"_ _0\"></span> definita CR, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws6f gs49a\">per u<span class=\"_ _1\"></span>n imp<span class=\"_ _1c\"></span>orto pa<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span> circa<span class=\"_ _1c\"></span> Euro<span class=\"ls1 ws1\"> <span class=\"ls0 ws7e\">3,1 milioni, al lordo della passivit\u00e0 per imposte differ<span class=\"_ _0\"></span>ite pari a<span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs49b\">circa Euro<span class=\"_ _0\"></span> 0,9 milioni e (ii) il badwill definit<span class=\"_ _0\"></span>ivo per un importo pari a circa Euro<span class=\"_ _0\"></span> 10,8 milioni.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws131 gs49c\">La segu<span class=\"_ _1\"></span>ente tab<span class=\"_ _1c\"></span>ella mos<span class=\"_ _1\"></span>tra l\u2019am<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>tare del<span class=\"_ _1c\"></span> corrispet<span class=\"_ _1\"></span>tivo trasf<span class=\"_ _1c\"></span>erito per l<span class=\"_ _1\"></span>\u2019acqui<span class=\"_ _1\"></span>sizio<span class=\"_ _1\"></span>ne e la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws14f gs49d\">rilevazione<span class=\"_ _0\"></span> contabile delle attivit<span class=\"_ _0\"></span>\u00e0 identificabili e de<span class=\"_ _0\"></span>lle passivit\u00e0<span class=\"_ _0\"></span> assunte a se<span class=\"_ _0\"></span>guito </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs49e\">dell\u2019oper<span class=\"_ _0\"></span>azione di aggregazione aziendale<span class=\"_ _0\"></span> alla <span class=\"ff5 ls39 ws262\">c<span class=\"_ _0\"></span>lo<span class=\"_ _11\"></span>s<span class=\"_ _13\"></span>in<span class=\"_ _11\"></span>g<span class=\"_ _0\"></span> d<span class=\"_ _13\"></span>at<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span></span><span class=\"lsf ws28\">: <span class=\"ls1 ws1\"> </span></span></div><div class=\"gs49f\"><table class=\"s w498 h440\" id=\"_0d1c0c6d-fbea-4589-9316-2300391b7751\"><tr><td></td><td class=\"c x405 y353c w128 h154\"><div class=\"t m1b x16d h155 y18b9 ff1 fs27 fc0 sc0 ls13e ws36a\">Valori in Eu<span class=\"_ _1\"></span>ro m<span class=\"_ _0\"></span>igliaia<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353e w499 h441\"><div class=\"t m1b x1fa h155 y353d ff2 fs27 fc0 sc0 ls144 ws372\">P<span class=\"_ _0\"></span>urchase price<span class=\"_ _4ac\"> </span></div></td><td class=\"c x503 y353e w49a h441\"><div class=\"t m1b x1fa h155 y353d ff2 fs27 fc0 sc0 ls142 ws36f\">18.<span class=\"_ _0\"></span>658<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3538 w49b h441\"><div class=\"t m1b x1fa h155 y353d ff1 fs27 fc0 sc0 ls13e ws36a\">Patrimonio netto al 2<span class=\"_ _1c\"></span>/05<span class=\"_ _1\"></span>/2<span class=\"_ _1\"></span>4 (FV pro<span class=\"_ _1\"></span>vvis<span class=\"_ _0\"></span>orio)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x504 y3538 w49c h441\"><div class=\"t m1b x1fa h155 y353d ff1 fs27 fc0 sc0 ls140 ws36c\">27.302<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3539 w49d h441\"><div class=\"t m1b x1fa h155 y353d ff1 fs27 fc0 sc0 ls13e ws36a\">Badwill da PPA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x505 y3539 w49e h441\"><div class=\"t m1b x1fa h155 y353d ff1 fs27 fc0 sc0 ls140 ws36c\">(<span class=\"_ _0\"></span>10.809)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353a w49f h441\"><div class=\"t m1b x1fa h155 y353d ff1 fs27 fc0 sc0 ls13e ws36a\">Intangibile da<span class=\"_ _1\"></span> PPA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x506 y353a w4a0 h441\"><div class=\"t m1b x1fa h155 y353d ff1 fs27 fc0 sc0 ls140 ws36c\">3.074<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353b w4a1 h441\"><div class=\"t m1b x1fa h155 y353d ff1 fs27 fc0 sc0 ls13e ws36a\">Pass<span class=\"_ _0\"></span>ivit\u00e0 per fis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>alit\u00e0 differita da PPA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x507 y353b w4a2 h441\"><div class=\"t m1b x1fa h155 y353d ff1 fs27 fc0 sc0 ls140 ws36c\">(909)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w4a3 h441\"><div class=\"t m1b x1fa h155 y353d ff2 fs27 fc0 sc0 ls143 ws370\">Valore at<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>\u00e0 e p<span class=\"_ _0\"></span>assivit<span class=\"_ _0\"></span>\u00e0 acquisit<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x508 y345e w4a4 h441\"><div class=\"t m1b x1fa h155 y353d ff2 fs27 fc0 sc0 ls142 ws36f\">18.<span class=\"_ _0\"></span>658<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs4a0\">Si segnala che non sono state rilevate pass<span class=\"_ _0\"></span>ivit\u00e0 potenziali connesse all\u2019aggregaz<span class=\"_ _0\"></span>ione aziendale </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs4a1\">in oggett<span class=\"_ _0\"></span>o.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs4a2\">In ragione<span class=\"_ _0\"></span> della chiusura nel corso<span class=\"_ _0\"></span> del 2025 del proce<span class=\"_ _0\"></span>sso di PPA di Kair<span class=\"_ _0\"></span>os SGR, nel ris<span class=\"_ _0\"></span>petto di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gs4a3\">quanto indic<span class=\"_ _0\"></span>ato nell\u2019 IFRS3 che prevede, tr<span class=\"_ _0\"></span>a l\u2019altro, la necess<span class=\"_ _0\"></span>aria rilevazione delle<span class=\"_ _0\"></span> attivit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4a4\">acquisite<span class=\"_ _0\"></span> e delle passivit\u00e0 assu<span class=\"_ _0\"></span>nte alla data di acqu<span class=\"_ _0\"></span>isizione, si<span class=\"ls1 ws1\"> <span class=\"ls30 ws96\">\u00e8 reso necessa<span class=\"_ _1c\"></span>rio riesp<span class=\"_ _1\"></span>orre i dati<span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws241 gs4a5\">compa<span class=\"_ _1\"></span>rativi<span class=\"_ _1\"></span> al 31 di<span class=\"_ _1\"></span>cemb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>4. Nel s<span class=\"_ _1\"></span>ucces<span class=\"_ _1\"></span>sivo para<span class=\"_ _1\"></span>graf<span class=\"_ _1\"></span>o \u201cRes<span class=\"_ _1\"></span>tateme<span class=\"_ _1\"></span>nt Bila<span class=\"_ _1\"></span>ncio 20<span class=\"_ _1\"></span>24\u201d \u00e8<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws7a gs4a6\">espo<span class=\"_ _1\"></span>sta <span class=\"_ _1\"></span>una s<span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>esi d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 ws5f\">oltre alla riconciliazione <span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 ws5f\">tra i dati comparat<span class=\"_ _0\"></span>ivi del precedente </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws18b gs4a7\">eserci<span class=\"_ _1\"></span>zio e q<span class=\"_ _1c\"></span>uanto rip<span class=\"_ _1c\"></span>ortato <span class=\"_ _1\"></span><span class=\"ls0 ws82\">nel pre<span class=\"_ _0\"></span>sente Bilancio consolidato, do<span class=\"_ _0\"></span>ve sono recepiti gli e<span class=\"_ _0\"></span>ffetti della </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs4a8\">PPA di Kair<span class=\"_ _0\"></span>os SGR. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs4aa\">Societ\u00e0 co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>llata <span class=\"ls1 ws1\">\u2013<span class=\"_ _0\"></span> </span>Vita Srl<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 lse ws16 gs4ab\">Operaz<span class=\"_ _0\"></span>ione di conferiment<span class=\"_ _0\"></span>o ramo azienda in V<span class=\"_ _0\"></span>ita Srl<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs4ac\">Si ricorda che in data 24<span class=\"_ _0\"></span> gennaio 2024, Castello SGR aveva costituito la soc<span class=\"_ _0\"></span>iet\u00e0 Vita Srl, con </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf3 gs4ad\">l\u2019obiett<span class=\"_ _0\"></span>ivo di creare una piattaforma per la gestione professionale di immobili res<span class=\"_ _0\"></span>idenziali </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4ae\">destinat<span class=\"_ _0\"></span>i alla locazione (c.d. settore Mult<span class=\"_ _0\"></span>ifamily o Build<span class=\"ls1 ws1\">-<span class=\"lsf ws28\">to</span>-<span class=\"ls32 ws5e\">Rent<span class=\"_ _0\"></span>).</span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs4af\">In dat<span class=\"_ _0\"></span>a 25 luglio 2024 ha avuto<span class=\"_ _0\"></span> luogo l\u2019aumento di capit<span class=\"_ _0\"></span>ale di Vita<span class=\"_ _0\"></span> Srl<span class=\"lse wsf5\">, a segu<span class=\"_ _0\"></span>ito del quale<span class=\"_ _0\"></span> sono </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4b0\">entrati all\u2019<span class=\"_ _0\"></span>interno della com<span class=\"_ _0\"></span>pagine sociale della<span class=\"_ _0\"></span> controllata in<span class=\"_ _0\"></span>diretta Compas<span class=\"_ _0\"></span>s Rock Real Est<span class=\"_ _0\"></span>ate </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs4b1\">Ltd (2<span class=\"_ _1c\"></span>,95% quo<span class=\"_ _1c\"></span>ta libe<span class=\"_ _1\"></span>rata i<span class=\"_ _1\"></span>n con<span class=\"_ _1\"></span>tanti<span class=\"_ _1\"></span>) e Hal<span class=\"_ _1\"></span>ldis<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A. (4<span class=\"_ _1\"></span>1% qu<span class=\"_ _1\"></span>ota li<span class=\"_ _1\"></span>bera<span class=\"_ _1c\"></span>ta il 6 ag<span class=\"_ _1\"></span>osto a<span class=\"_ _1\"></span>ttrav<span class=\"_ _1c\"></span>erso </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws93 gs4b2\">il conf<span class=\"_ _1c\"></span>erimen<span class=\"_ _1\"></span>to del ra<span class=\"_ _1c\"></span>mo d\u2019azi<span class=\"_ _1\"></span>enda op<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>tivo, a<span class=\"_ _1\"></span>ttivo <span class=\"_ _1\"></span>nella g<span class=\"_ _1\"></span>esti<span class=\"_ _1\"></span>one prof<span class=\"_ _1c\"></span>essional<span class=\"_ _1c\"></span>e di immob<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws11d gs4b3\">residenziali <span class=\"_ _0\"></span>destinati alla loc<span class=\"_ _0\"></span>azione). In data 6<span class=\"_ _0\"></span> agosto 2024<span class=\"_ _0\"></span> Halldis S.p.A.<span class=\"_ _0\"></span> ha contestualmente </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs4b4\">ceduto a Castello<span class=\"_ _0\"></span> SGR una q<span class=\"_ _1\"></span>uot<span class=\"_ _0\"></span>a pari al 20% del capitale sociale di Vita Sr<span class=\"_ _0\"></span>l per un corrispettivo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs4b5\">i<span class=\"lsf wsd6\">n co<span class=\"_ _1\"></span>ntan<span class=\"_ _1\"></span>ti pa<span class=\"_ _1\"></span>ri a E<span class=\"_ _1\"></span>uro 2<span class=\"_ _1c\"></span>,6 mil<span class=\"_ _1\"></span>ioni <span class=\"_ _1\"></span>(cfr<span class=\"_ _1\"></span>. com<span class=\"_ _1\"></span>unic<span class=\"_ _1\"></span>ato s<span class=\"_ _1\"></span>tamp<span class=\"_ _1\"></span>a \u201cIl G<span class=\"_ _1c\"></span>ruppo A<span class=\"_ _1c\"></span>nima ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e le a<span class=\"_ _1c\"></span>ttivit\u00e0<span class=\"_ _1c\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs4b6\">di Halldis\u201d del 7 agosto<span class=\"_ _0\"></span> 2024). A seguito di tale operazione Cast<span class=\"_ _0\"></span>ello SGR detiene il 76,05% del </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4b7\">capitale di V<span class=\"_ _0\"></span>ita Srl.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gs4b8\">Si evidenzia che il conferimento del ramo d\u2019azien<span class=\"_ _0\"></span>da si \u00e8 configurato come una business<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4b9\">combination, da cont<span class=\"_ _0\"></span>abilizzarsi in base all\u2019IFR<span class=\"_ _0\"></span>S 3 applicando il \u201cmetodo dell\u2019acquisizione<span class=\"_ _0\"></span>\u201d. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs4ba\">Pertanto, si \u00e8 determinato che la data di acquisizione che identifica il momento a partire dalla </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs4bb\">quale i r<span class=\"_ _0\"></span>isultati del ramo acqu<span class=\"_ _0\"></span>isito sono inclus<span class=\"_ _0\"></span>i linea per linea<span class=\"_ _0\"></span> nella situazione cont<span class=\"_ _0\"></span>abile di Vita </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws85 gs4bc\">Sr<span class=\"_ _0\"></span>l, \u00e8 st<span class=\"_ _0\"></span>ata il 6 ag<span class=\"_ _0\"></span>osto 2024<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws5d gs4bd\">Inolt<span class=\"_ _1\"></span>re, pe<span class=\"_ _1\"></span>r comp<span class=\"_ _1\"></span>leta<span class=\"_ _1\"></span>re l\u2019op<span class=\"_ _1\"></span>erazi<span class=\"_ _1c\"></span>one, sono <span class=\"_ _1\"></span>stati<span class=\"_ _1\"></span> sos<span class=\"_ _1\"></span>tenuti<span class=\"_ _1\"></span> costi<span class=\"_ _1\"></span> per ci<span class=\"_ _1\"></span>rca E<span class=\"_ _1\"></span>uro 0,3 <span class=\"_ _1\"></span>milio<span class=\"_ _1\"></span>ni (rel<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4be\">a consulenze),<span class=\"_ _0\"></span> che sono stati rilevati nel conto ec<span class=\"_ _0\"></span>onomico dell\u2019esercizio<span class=\"_ _0\"></span> 2024 di Vita Srl.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsa9 gs4bf\">Inolt<span class=\"_ _1\"></span>re, s<span class=\"_ _1\"></span>empr<span class=\"_ _1\"></span>e in da<span class=\"_ _1c\"></span>ta 6 ag<span class=\"_ _1\"></span>osto <span class=\"_ _1c\"></span>2024, Ca<span class=\"_ _1\"></span>stell<span class=\"_ _1c\"></span>o SGR <span class=\"_ _1\"></span>ha so<span class=\"_ _1\"></span>ttoscri<span class=\"_ _1\"></span>tto <span class=\"_ _1\"></span>un pa<span class=\"_ _1\"></span>tto pa<span class=\"_ _1c\"></span>rasocial<span class=\"_ _1\"></span>e co<span class=\"_ _1c\"></span>n </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs4c0\">Halldis S.<span class=\"_ _0\"></span>p.A. nell\u2019ambito del quale \u00e8 disc<span class=\"_ _0\"></span>iplinata l\u2019opzione di Acquisto e di Vendit<span class=\"_ _0\"></span>a del residuale </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4c1\">21% del capitale<span class=\"_ _0\"></span> sociale di Vita Srl detenuto da Halldis S.<span class=\"_ _0\"></span>p.A<span class=\"ls11 ws29\">. (\u201cquota di minoranza\u201d). <span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs4c2\">In partico<span class=\"_ _0\"></span>lare, in forza dell\u2019opzione di vendita, Castello SGR<span class=\"_ _0\"></span> ha riconosciuto a Halldis S.p.A. il </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws260 gs4c3\">d</div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws260 gs4c4\">iritt<span class=\"_ _1\"></span>o di v<span class=\"_ _1\"></span>enderl<span class=\"_ _1c\"></span>e le quo<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>a di<span class=\"_ _1\"></span> min<span class=\"_ _1\"></span>oranz<span class=\"_ _1\"></span>a in s<span class=\"_ _1\"></span>uo po<span class=\"_ _1\"></span>ssess<span class=\"_ _1\"></span>o, obb<span class=\"_ _1\"></span>liga<span class=\"_ _1\"></span>ndosi p<span class=\"_ _1c\"></span>ertanto<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws75 gs4c5\">irrevocabilm<span class=\"_ _0\"></span>ente ad acquistare le<span class=\"_ _0\"></span> azioni stesse da Halldis<span class=\"_ _0\"></span> S.p.A.; specularm<span class=\"_ _0\"></span><span class=\"ls35 wsdd\">ente, tr<span class=\"_ _0\"></span>amite </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4c6\">l\u2019opzione di ac<span class=\"_ _0\"></span>quisto, Castello SGR si \u00e8 assicurata il diritto all'acquisto della quot<span class=\"_ _0\"></span>a di <span class=\"_ _1\"></span>minoran<span class=\"_ _0\"></span>za </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse wsd1 gs4c7\">detenuta<span class=\"_ _0\"></span> da Halldis S.p.A., con cor<span class=\"_ _0\"></span>rispondente obbligo<span class=\"_ _0\"></span> di vendita a carico di quest\u2019ul<span class=\"_ _0\"></span>tima. </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs4c8\">Entra<span class=\"_ _1c\"></span>mbe le opz<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> prev<span class=\"_ _1\"></span>edon<span class=\"_ _1\"></span>o la co<span class=\"_ _1\"></span>rresp<span class=\"_ _1c\"></span>onsione d<span class=\"_ _1\"></span><span class=\"ls31 ws2b\">i un prez<span class=\"_ _0\"></span>zo in dena<span class=\"_ _0\"></span>ro.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs4c9\">Le opzioni possono essere eserc<span class=\"_ _0\"></span>itate dai rispettivi aventi diritto<span class=\"_ _0\"></span> su base discrezionale a partire </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs4ca\">dal<span class=\"_ _1\"></span> 5\u00b0 anni<span class=\"_ _1\"></span>versa<span class=\"_ _1c\"></span>rio dall<span class=\"_ _1\"></span>a sott<span class=\"_ _1\"></span>oscri<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del pa<span class=\"_ _1c\"></span>tto para<span class=\"_ _1c\"></span>social<span class=\"_ _1\"></span>e (7 ag<span class=\"_ _1\"></span>osto <span class=\"_ _1c\"></span>2029). <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs4cb\">Con riferimen<span class=\"_ _0\"></span>to all\u2019allocazione<span class=\"_ _0\"></span> del costo di acquisizion<span class=\"_ _0\"></span>e e alla rilevazione<span class=\"_ _0\"></span> al fair value de<span class=\"_ _0\"></span>lle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs4cc\">attivit\u00e0 e pass<span class=\"_ _0\"></span>ivit\u00e0 acquisite e di potenziali nuove attivit\u00e0 int<span class=\"_ _0\"></span>angibili non gi\u00e0 iscritte nel bilanc<span class=\"_ _0\"></span>io </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs4cd\">di Vita Srl, si segnala che la societ\u00e0 controllat<span class=\"_ _0\"></span>a ha concluso in via definitiva il processo di PPA </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsb2 gs4ce\">nel cor<span class=\"_ _1c\"></span>so del te<span class=\"_ _1\"></span>rzo tri<span class=\"_ _1\"></span>mestre d<span class=\"_ _1\"></span>el 20<span class=\"_ _1\"></span>25, av<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>endosi<span class=\"_ _1\"></span> della<span class=\"_ _1\"></span> facol<span class=\"_ _1\"></span>t\u00e0 pr<span class=\"_ _1\"></span>evista d<span class=\"_ _1\"></span>al pa<span class=\"_ _1\"></span>ragraf<span class=\"_ _1c\"></span>o 45 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1e7 gs4cf\">dell\u2019IFRS 3,<span class=\"_ _0\"></span> che concede al soggetto acquirente 12 mesi dalla data di acquisizione<span class=\"_ _0\"></span> per </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1f gs4d0\">comp<span class=\"_ _1\"></span>letarl<span class=\"_ _1c\"></span>o.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gs4d1\">Il c<span class=\"_ _1\"></span>osto d<span class=\"_ _1\"></span>ell\u2019a<span class=\"_ _1\"></span>cquisi<span class=\"_ _1\"></span>zio<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span>e, p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span>l val<span class=\"_ _1c\"></span>ore eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>co at<span class=\"_ _1\"></span>tribui<span class=\"_ _1\"></span>to a<span class=\"_ _1\"></span>l ram<span class=\"_ _1\"></span>o conf<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>o, pari<span class=\"_ _1c\"></span> a cir<span class=\"_ _1\"></span>ca Eu<span class=\"_ _1\"></span>ro<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4d2\">3,3 milion<span class=\"_ _0\"></span>i, \u00e8 stato pertanto il valore compless<span class=\"_ _0\"></span>ivo allocato ai sensi dell\u2019IFRS 3.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsc8 gs4d3\">Il pr<span class=\"_ _1\"></span>ocess<span class=\"_ _1\"></span>o di P<span class=\"_ _1\"></span>PA, <span class=\"_ _1\"></span>concl<span class=\"_ _1\"></span>uso nel<span class=\"_ _1\"></span> 202<span class=\"_ _1c\"></span>5, ha c<span class=\"_ _1\"></span>ompor<span class=\"_ _1\"></span>tato p<span class=\"_ _1\"></span>erta<span class=\"_ _1\"></span>nto la <span class=\"_ _1\"></span>rile<span class=\"_ _1\"></span>vazion<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>un go<span class=\"_ _1\"></span>odwill<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs4d4\">definit<span class=\"_ _0\"></span>ivo pari a circa Euro 2,4 milioni e un incremento de<span class=\"_ _0\"></span>l valore del marchio \u201cHalldis\u201d par<span class=\"_ _0\"></span>i a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs4d5\">circa Euro 0,5 milioni, al lordo della passivit\u00e0 per imposte differ<span class=\"_ _0\"></span><span class=\"ls1d ws155\">ite per ci<span class=\"_ _0\"></span>rca Euro 0,<span class=\"_ _0\"></span>2 mil<span class=\"_ _0\"></span>ioni, </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs4d6\">come <span class=\"_ _0\"></span>qui nel <span class=\"_ _0\"></span>proseguo illustrato. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h9 ff1 fs5 fc0 sc0 ls21 ws18 gs4d8\">Purchas<span class=\"_ _0\"></span>e Price Alloc<span class=\"_ _0\"></span>ation <span class=\"ls1 ws1\">\u2013 </span>Vita S<span class=\"_ _0\"></span>rl confer<span class=\"_ _0\"></span>imento ra<span class=\"_ _0\"></span>mo Halld<span class=\"_ _0\"></span>is<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs4d9\">Come gi\u00e0 anticipato, la contro<span class=\"_ _0\"></span>llata indiretta Vita Srl ha concluso il processo di PPA nel corso del </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs4da\">terz<span class=\"_ _1\"></span>o trim<span class=\"_ _1\"></span>estre <span class=\"_ _1\"></span>202<span class=\"_ _1\"></span>5, avva<span class=\"_ _1\"></span>lend<span class=\"_ _1\"></span>osi anc<span class=\"_ _1c\"></span>he del s<span class=\"_ _1\"></span>uppor<span class=\"_ _1c\"></span>to di un <span class=\"_ _1\"></span>espert<span class=\"_ _1\"></span>o ind<span class=\"_ _1\"></span>ipend<span class=\"_ _1c\"></span>ente.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs4db\">In considera<span class=\"_ _0\"></span>zione della natura delle attiv<span class=\"_ _0\"></span>it\u00e0 e delle passivit\u00e0 con<span class=\"_ _0\"></span>ferite dal ramo, non sono stati </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws2b gs4dc\">risc<span class=\"_ _1\"></span>ontrati<span class=\"_ _1c\"></span> eleme<span class=\"_ _1\"></span>nti tal<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>da fa<span class=\"_ _1\"></span>r rite<span class=\"_ _1\"></span>nere<span class=\"_ _1\"></span> che<span class=\"_ _1\"></span> il lo<span class=\"_ _1\"></span>ro fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lue <span class=\"_ _1\"></span>non f<span class=\"_ _1c\"></span>osse r<span class=\"_ _1\"></span>agion<span class=\"_ _1\"></span>evolme<span class=\"_ _1c\"></span>nte in l<span class=\"_ _1\"></span>inea<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs4dd\">con i valori contabili alla <span class=\"ff5 ls11 ws141\">c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span></span><span class=\"ls35 ws59\">a. Tutt<span class=\"_ _0\"></span>avia, d<span class=\"_ _0\"></span>alle spe<span class=\"_ _0\"></span>cifiche <span class=\"_ _0\"></span>analisi<span class=\"_ _0\"></span> effettu<span class=\"_ _0\"></span>ate, te<span class=\"_ _0\"></span>nuto con<span class=\"_ _0\"></span>to </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7d gs4de\">della natura de<span class=\"_ _0\"></span>ll\u2019attivit\u00e0 svolt<span class=\"_ _0\"></span>a, della configur<span class=\"_ _0\"></span>azione operativa del ramo, degli obiet<span class=\"_ _0\"></span>tivi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws2b gs4df\">dell<span class=\"_ _1\"></span>\u2019opera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di a<span class=\"_ _1\"></span>cqui<span class=\"_ _1\"></span>sizion<span class=\"_ _1c\"></span>e del ra<span class=\"_ _1\"></span>mo e d<span class=\"_ _1c\"></span>el ruolo <span class=\"_ _1\"></span>cent<span class=\"_ _1\"></span>rale d<span class=\"_ _1\"></span>el ma<span class=\"_ _1c\"></span>rchio, i<span class=\"_ _1\"></span>n li<span class=\"_ _1\"></span>nea c<span class=\"_ _1\"></span>on la p<span class=\"_ _1\"></span>rassi<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs4e0\">di <span class=\"ls30 ws96\">merc<span class=\"_ _1\"></span>ato, \u00e8 <span class=\"_ _1\"></span>stata<span class=\"_ _1\"></span> i<span class=\"ls11 ws19\">dentificata la necessit\u00e0 di apportare una rettifica incrementale al valore del </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs4e1\">marc<span class=\"_ _1\"></span>hio ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sito<span class=\"_ _1\"></span>, co<span class=\"_ _1\"></span>nsid<span class=\"_ _1\"></span>erand<span class=\"_ _1\"></span>o una<span class=\"_ _1\"></span> vita<span class=\"_ _1\"></span> util<span class=\"_ _1\"></span>e def<span class=\"_ _1\"></span>inita<span class=\"_ _1c\"></span> e stima<span class=\"_ _1\"></span>ta in <span class=\"_ _1c\"></span>10 anni<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs4e2\">La metodologia di valutazio<span class=\"_ _0\"></span>ne adottata per la stima de<span class=\"_ _0\"></span>l valore economico del March<span class=\"_ _0\"></span>io \u00e8 il <span class=\"ff5 ls11 ws5\">R<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>lie<span class=\"_ _11\"></span>f </span></div><div class=\"t m0 h2 ff5 fs0 fc0 sc0 ls70 ws76 gs4e3\">Fr<span class=\"_ _1\"></span>om Ro<span class=\"_ _0\"></span>ya<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>ty Me<span class=\"_ _0\"></span>thod (<span class=\"_ _d\"></span><span class=\"ff1 lsf wse2\">di segui<span class=\"_ _1c\"></span>to anc<span class=\"_ _1\"></span>he<span class=\"ff5 ls1 ws1\"> <span class=\"_ _13\"></span>\u201c</span><span class=\"ls0 ws74\">RRM\u201d). T<span class=\"_ _0\"></span>ale metodologia desume il valore del <span class=\"ff5 ls33 wsb6\">b<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs4e4\">sulla base del benefic<span class=\"_ _0\"></span>io economico (risparmio) derivante dal po<span class=\"_ _0\"></span>ssedere l\u2019intangibile r<span class=\"_ _0\"></span>ispetto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1e3 gs4e5\">all<span class=\"_ _1\"></span>\u2019otteni<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span> att<span class=\"_ _1\"></span>raver<span class=\"_ _1\"></span>so lic<span class=\"_ _1c\"></span>enze; tal<span class=\"_ _1\"></span>e va<span class=\"_ _1\"></span>lore <span class=\"_ _1c\"></span>\u00e8 stimat<span class=\"_ _1\"></span>o come<span class=\"_ _1c\"></span> il prod<span class=\"_ _1\"></span>otto <span class=\"_ _1\"></span>tra (i) <span class=\"_ _1\"></span>un ta<span class=\"_ _1\"></span>sso d<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs4e6\">royalt<span class=\"_ _0\"></span>y (determinato sulla base di tassi impliciti osservati in PPA similari) e (ii) le grandezze </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsdf gs4e7\">fonda<span class=\"_ _1c\"></span>mentali <span class=\"_ _1\"></span>di rif<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span>. Attra<span class=\"_ _1\"></span>vers<span class=\"_ _1\"></span>o tale<span class=\"_ _1c\"></span> criterio<span class=\"_ _1\"></span>, il v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> marc<span class=\"_ _1\"></span>hio \u00e8 d<span class=\"_ _1\"></span>efini<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>al </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs4e8\">risparmio<span class=\"_ _0\"></span> figurativo ris<span class=\"_ _0\"></span>petto all\u2019ottenimento de<span class=\"_ _0\"></span>l <span class=\"ff5 ls3a wsa6\">bra<span class=\"_ _d\"></span>n<span class=\"_ _0\"></span>d <span class=\"_ _d\"></span><span class=\"ff1 ls30 wsc2\">attrave<span class=\"_ _1\"></span>rso u<span class=\"_ _1\"></span>n contra<span class=\"_ _1c\"></span>tto di lic<span class=\"_ _1\"></span>enza<span class=\"ff2 ls1 ws1\"> <span class=\"_ _d\"></span><span class=\"ff1 ls19 ws89\">passiv<span class=\"_ _1\"></span>a </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs4e9\">che preve<span class=\"_ _0\"></span>da il pagamento<span class=\"_ _0\"></span> di canoni periodic<span class=\"_ _0\"></span>i. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs4ea\">Nello spe<span class=\"_ _0\"></span>cifico, il fair valu<span class=\"_ _0\"></span>e dell\u2019int<span class=\"_ _0\"></span>angibile \u00e8 stato determin<span class=\"_ _0\"></span>ato tenendo in cons<span class=\"_ _0\"></span>iderazione i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs4eb\">seguenti e<span class=\"_ _0\"></span>lementi:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs4ec\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws10f\">un Royalty Rate pari allo 0,93%, coerente con il pr<span class=\"_ _0\"></span>imo quartile dei tassi riscontrati </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs4ed\">nell\u2019<span class=\"_ _0\"></span>ambito di precedenti PPA nel settore di rifer<span class=\"_ _0\"></span>imento. Tale tasso \u00e8 stato applicato alle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4ee\">stime di ricavi atte<span class=\"_ _0\"></span>si nel business plan del ramo acquis<span class=\"_ _0\"></span>ito;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs4ef\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls30 ws18b\">vita <span class=\"_ _1\"></span>util<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>10 a<span class=\"_ _1\"></span>nni, da<span class=\"_ _1c\"></span>to coe<span class=\"_ _1\"></span>rente<span class=\"_ _1\"></span> con <span class=\"_ _1\"></span>il p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o med<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>normal<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> regi<span class=\"_ _1\"></span>stra<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> dei<span class=\"_ _1\"></span> marc<span class=\"_ _1\"></span>hi;<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs4f0\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws9c\">tasso di cre<span class=\"_ _0\"></span>scita figurativo (g) de<span class=\"_ _0\"></span>l 2%, in linea con le as<span class=\"_ _0\"></span>pettative di inflazione di lun<span class=\"_ _0\"></span>go </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws5c gs4f1\">termine<span class=\"_ _0\"></span> attese in<span class=\"_ _0\"></span> Italia;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs4f2\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls11 ws141\">un\u2019imposizione fiscale, calcolata applicando un tax rate al 27,9% (IRES pari al 24% ed IRAP </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4f3\">pari al 3,9%) applicat<span class=\"_ _0\"></span>a ai ricavi ascrivibili al br<span class=\"_ _0\"></span>and;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs4f4\">o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws77\">tasso di at<span class=\"_ _0\"></span>tualizzazione (ke) de<span class=\"_ _0\"></span>i flussi di r<span class=\"_ _0\"></span>isultato nett<span class=\"_ _0\"></span>i pari a cir<span class=\"_ _0\"></span>ca il 14%, stimato att<span class=\"_ _0\"></span>raverso </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 wsbc gs4f5\">la metodologia del Capital Ass<span class=\"_ _0\"></span>et Pricing Model (\u201cCAPM\u201d).  Non \u00e8<span class=\"_ _0\"></span> stato considerato alcun </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs4f6\">beneficio<span class=\"_ _0\"></span> fiscale associato all\u2019ammortamento<span class=\"_ _0\"></span> del marchio, in virt\u00f9 d<span class=\"ls30 wse7\">el conf<span class=\"_ _1\"></span>erime<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs4f7\">ramo d\u2019<span class=\"_ _0\"></span>azienda.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfa gs4f8\">\u00c8 stata infine condotta una sensit<span class=\"_ _0\"></span>ivity analysis del fair value dell\u2019int<span class=\"_ _0\"></span>angibile oggetto di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs4f9\">val<span class=\"_ _1\"></span>utazi<span class=\"_ _1\"></span>one s<span class=\"_ _1\"></span>ulla b<span class=\"_ _1\"></span>ase d<span class=\"_ _1\"></span>i un a<span class=\"_ _1\"></span>umen<span class=\"_ _1c\"></span>to/ridu<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> del Ke e d<span class=\"_ _1\"></span>el ta<span class=\"_ _1\"></span>sso d<span class=\"_ _1\"></span>i cresc<span class=\"_ _1\"></span>ita d<span class=\"_ _1c\"></span>i lungo p<span class=\"_ _1\"></span>eriod<span class=\"_ _1c\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs4fa\">g di +/<span class=\"ls1 ws1\">-<span class=\"ls1c ws27\">0,5%.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs4fb\">Il proce<span class=\"_ _0\"></span>sso di PPA ha reso<span class=\"_ _0\"></span> possibile rilev<span class=\"_ _0\"></span>are un fair value<span class=\"_ _0\"></span> del marchio \u201cHalldis<span class=\"ls30 ws6f\">\u201d per un i<span class=\"_ _1\"></span>mpor<span class=\"_ _1\"></span>to </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsaf gs4fc\">pari a cir<span class=\"_ _0\"></span>ca Euro 0,7 milioni (c<span class=\"_ _0\"></span>on un incremento<span class=\"_ _0\"></span> di circa Euro 0<span class=\"_ _0\"></span>,5 milioni rispetto<span class=\"_ _0\"></span> al valore </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsac gs4fd\">confe<span class=\"_ _1c\"></span>rito), al<span class=\"_ _1\"></span> lord<span class=\"_ _1c\"></span>o dell<span class=\"_ _1\"></span>e passi<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t\u00e0 per<span class=\"_ _1\"></span> imp<span class=\"_ _1\"></span>oste d<span class=\"_ _1\"></span>iffe<span class=\"_ _1\"></span>rite p<span class=\"_ _1c\"></span>er circa<span class=\"_ _1c\"></span> euro 0<span class=\"_ _1\"></span>,2 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1\"></span>, con<span class=\"_ _1\"></span> un </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4fe\">conseguente goodw<span class=\"_ _0\"></span>ill residuale pari a circa euro 2,4 milioni. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs4ff\">Si segnala che non sono state<span class=\"_ _0\"></span> rilevate passivit\u00e0 potenziali c<span class=\"_ _0\"></span>onnesse all\u2019oper<span class=\"_ _0\"></span>azione in <span class=\"lse\">oggetto.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs500\">In ragi<span class=\"_ _1\"></span>one dell<span class=\"_ _1\"></span>a chi<span class=\"_ _1\"></span>usura<span class=\"_ _1\"></span> del proc<span class=\"_ _1\"></span>esso di<span class=\"_ _1\"></span> PPA n<span class=\"_ _1\"></span>el cors<span class=\"_ _1\"></span>o del te<span class=\"_ _1\"></span>rzo tri<span class=\"_ _1\"></span>mestr<span class=\"_ _1\"></span>e 2025<span class=\"_ _1\"></span>, nel risp<span class=\"_ _1c\"></span>etto di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gs501\">quanto indic<span class=\"_ _0\"></span>ato nell\u2019 IFRS3 che prevede, tr<span class=\"_ _0\"></span>a l\u2019altro, la necess<span class=\"_ _0\"></span>aria rilevazione delle<span class=\"_ _0\"></span> attivit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs502\">acquisite<span class=\"_ _0\"></span> e delle passivit\u00e0 assu<span class=\"_ _0\"></span>nte alla data di acqu<span class=\"_ _0\"></span>isizione, <span class=\"ls30 ws96\">si \u00e8 reso necess<span class=\"_ _1\"></span>ario ri<span class=\"_ _1\"></span>espo<span class=\"_ _1\"></span>rre i dati </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws127 gs503\">comp<span class=\"_ _1\"></span>arati<span class=\"_ _1\"></span>vi al 31<span class=\"_ _1\"></span> dice<span class=\"_ _1c\"></span>mbre 202<span class=\"_ _1\"></span>4. Nel<span class=\"_ _1\"></span> succe<span class=\"_ _1\"></span>ssiv<span class=\"_ _1\"></span>o parag<span class=\"_ _1\"></span>rafo <span class=\"ls1c ws150\">\u201c<span class=\"_ _1\"></span>Resta<span class=\"_ _1\"></span>tement Bi<span class=\"_ _1\"></span>lanci<span class=\"_ _1\"></span>o 2024\u201d \u00e8<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws7a gs504\">espo<span class=\"_ _1\"></span>sta <span class=\"_ _1\"></span>una s<span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>esi d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 ws5f\">oltre alla riconciliazione <span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 ws5f\">tra i dati comparat<span class=\"_ _0\"></span>ivi del precedente</span></span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 ws5f\"><span class=\"ls1 ws1\"><span class=\"ls0 ws5f\"> </span></span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-22": {
   "value": "Restateme<span class=\"_ _0\"></span>nt Bi<span class=\"_ _0\"></span>lanci<span class=\"_ _0\"></span>o 2024<span class=\"ls1 ws1\"> </span>Con ri<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>mento a<span class=\"_ _1\"></span>lle PP<span class=\"_ _1c\"></span>A di Kai<span class=\"_ _1\"></span>ros SG<span class=\"_ _1\"></span>R e di <span class=\"_ _1\"></span>Vita Srl<span class=\"_ _1c\"></span>, entramb<span class=\"_ _1\"></span>e def<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>te nel c<span class=\"_ _1\"></span>orso d<span class=\"_ _1\"></span>el 202<span class=\"_ _1\"></span>5 ma<span class=\"_ _1\"></span> riferi<span class=\"_ _1\"></span>te ad op<span class=\"_ _1c\"></span>erazioni<span class=\"_ _1\"></span> concl<span class=\"_ _1\"></span>use n<span class=\"_ _1\"></span>ell\u2019ese<span class=\"_ _1c\"></span>rcizio 202<span class=\"_ _1\"></span>4, in li<span class=\"_ _1c\"></span>nea con q<span class=\"_ _1\"></span>uanto p<span class=\"_ _1\"></span>revis<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>o dal<span class=\"_ _1\"></span>l\u2019IFRS<span class=\"_ _1\"></span> 3 (c<span class=\"_ _1\"></span>he impone la rappresent<span class=\"_ _0\"></span>azione degli effetti delle<span class=\"_ _0\"></span> aggregazioni aziendali alla dat<span class=\"_ _0\"></span>a di acquisizione), la Societ\u00e0 ha provveduto a rettificare i saldi comparativi. In particolare, sono stati rettific<span class=\"_ _0\"></span>ati gli importi pro<span class=\"_ _0\"></span>vvisori rilevati nel 2024<span class=\"_ _0\"></span>, modificando i saldi dello<span class=\"_ _0\"></span> Stato patrimoniale<span class=\"_ _0\"></span> consolidato al 31 dic<span class=\"_ _1\"></span>embr<span class=\"_ _1\"></span>e 2024<span class=\"_ _1\"></span> e d<span class=\"ls0 ws5f\">el Conto economico consolidato al 31 dicembre 2024, con i valor<span class=\"_ _0\"></span>i definitivi </span>emersi alla conclu<span class=\"_ _0\"></span>sione dei processi di PPA.<span class=\"ls1 ws1\"> </span>Con riferimento<span class=\"_ _0\"></span> alla PPA di Kairos SGR<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span>gli im<span class=\"_ _0\"></span>patti nei documenti comparativi sono risult<span class=\"_ _0\"></span>ati i segu<span class=\"_ _1\"></span>enti<span class=\"_ _1\"></span>:<span class=\"ls1 ws1\"> <span class=\"_ _5f\"> </span> </span>S<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> P<span class=\"_ _13\"></span>atr<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>iale<span class=\"_ _13\"></span> al 3<span class=\"_ _0\"></span>1 d<span class=\"_ _13\"></span>ice<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>br<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls11 wsbc\">voce 90 \u201cAtt<span class=\"_ _0\"></span>ivit\u00e0 immateriali\u201d </span><span class=\"ff1\">- <span class=\"_ _11\"></span><span class=\"ls0 ws86\">in<span class=\"_ _0\"></span>cremento di circa<span class=\"_ _0\"></span> Euro 3.074 migliaia a se<span class=\"_ _0\"></span>guito della </span></span></span>rilevazione<span class=\"_ _0\"></span> della nuova CR come attivit\u00e0 immateriale a vita utile definita e decremento delle q<span class=\"_ _1\"></span>uote d<span class=\"_ _1\"></span>i ammor<span class=\"_ _1\"></span>tamen<span class=\"_ _1\"></span>to di comp<span class=\"_ _1\"></span>etenza<span class=\"_ _1c\"></span> dell\u2019eserci<span class=\"_ _1\"></span>zio 2<span class=\"_ _1\"></span>024 per<span class=\"_ _1\"></span> circa Eu<span class=\"_ _1\"></span>ro 13<span class=\"ls1d ws2b\">6 </span>migliaia;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws8b\">voce 60 \u201cPassivit<span class=\"_ _0\"></span>\u00e0 fiscali </span><span class=\"ff1\">\u2013 <span class=\"_ _11\"></span><span class=\"ls11 ws5\">differite\u201d <span class=\"_ _13\"></span></span>- <span class=\"_ _11\"></span><span class=\"ls30 ws93\">inc<span class=\"_ _1\"></span>remen<span class=\"_ _1\"></span>to pa<span class=\"_ _1\"></span>ri a ci<span class=\"_ _1c\"></span>rca Eur<span class=\"_ _1\"></span>o 90<span class=\"_ _1\"></span>9 migl<span class=\"_ _1\"></span>iaia<span class=\"_ _1\"></span> riferi<span class=\"_ _1c\"></span>to </span></span></span>alla rilevaz<span class=\"_ _0\"></span>ione della passivit\u00e0 per imposte diffe<span class=\"_ _0\"></span>rite correlate all\u2019<span class=\"_ _0\"></span>attivit\u00e0 immateriale<span class=\"_ _0\"></span> a vita utile<span class=\"_ _0\"></span> definita CR identif<span class=\"_ _0\"></span>icata e decremento dello scarico de<span class=\"_ _0\"></span>l peri<span class=\"ls30 ws6f\">odo d<span class=\"_ _1\"></span>i comp<span class=\"_ _1\"></span>etenza<span class=\"_ _1c\"></span> </span>2024 pari a circ<span class=\"_ _0\"></span>a Euro 40 migliaia;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1c ws131\">voce 170<span class=\"_ _1c\"></span> \u201cUtile (p<span class=\"_ _1\"></span>erdit<span class=\"_ _1\"></span>a) del<span class=\"_ _1\"></span>l\u2019eser<span class=\"_ _1\"></span>cizio <span class=\"ls1 ws1\">\u2013<span class=\"ws14c\">  <span class=\"ls0 wsf3\">i<span class=\"_ _1\"></span>ncremento (i) di c<span class=\"_ _0\"></span>irca Euro 2.165 migliaia </span></span></span></span></span>derivante dalla r<span class=\"_ _0\"></span>ettifica in aumento<span class=\"_ _0\"></span> a seguito della rilev<span class=\"_ _0\"></span>azione del Badwill defin<span class=\"_ _0\"></span>itivo (pari a cir<span class=\"_ _1\"></span>ca E<span class=\"_ _1\"></span>uro <span class=\"_ _1\"></span>10.80<span class=\"_ _1\"></span>9 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia ris<span class=\"_ _1\"></span>pett<span class=\"_ _1\"></span>o al v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>ovvis<span class=\"_ _1\"></span>orio <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>to provv<span class=\"_ _1\"></span><span class=\"ls32 ws1d2\">is<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>iam<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>e a </span>fine de<span class=\"_ _0\"></span>ll\u2019esercizio 2024 pari a cir<span class=\"_ _0\"></span>ca Euro 8.644 migliaia),<span class=\"_ _0\"></span> diminuzione (ii) delle<span class=\"_ _0\"></span> quote di ammortamento di competen<span class=\"_ _0\"></span>za dell\u2019esercizio 2024 per circa Euro 136 migliaia al netto delle relat<span class=\"_ _0\"></span>ive imposte differite per<span class=\"_ _0\"></span> circa Euro 40 migliaia;<span class=\"ls1 ws1\"> </span>C<span class=\"_ _0\"></span>on<span class=\"_ _13\"></span>to<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>ico <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>l 31 d<span class=\"_ _0\"></span>ice<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>bre<span class=\"_ _13\"></span> 20<span class=\"_ _0\"></span>24<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls0 ws76\">voce 170 \u201cRettifiche<span class=\"_ _0\"></span>/riprese di valore nette su attivit\u00e0 immateriali\u201d </span><span class=\"ff1\">- <span class=\"_ _0\"></span><span class=\"ls31 ws5a\">incremen<span class=\"_ _0\"></span>to di circ<span class=\"_ _0\"></span>a </span></span></span>Euro<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws76\">136 migliaia per la quota di ammortamento dell\u2019<span class=\"_ _0\"></span>attivit\u00e0 immateriale CR relat<span class=\"_ _0\"></span>iva al </span></span>period<span class=\"_ _1c\"></span>o di co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1c ws85\">voce 180 \u201cA<span class=\"_ _1\"></span>ltri prov<span class=\"_ _1c\"></span>enti e oneri\u201d <span class=\"ls1 ws1\">- <span class=\"ls0 ws7e\">incremento di circa Euro 2.165 migliaia r<span class=\"_ _0\"></span>elativamente </span></span></span></span>al p<span class=\"_ _1\"></span>rovento <span class=\"_ _1\"></span>rileva<span class=\"_ _1c\"></span>to provvi<span class=\"_ _1\"></span>sori<span class=\"_ _1\"></span>ament<span class=\"_ _1c\"></span>e, a segui<span class=\"_ _1\"></span>to del<span class=\"_ _1\"></span>la de<span class=\"_ _1\"></span>termi<span class=\"_ _1\"></span>nazi<span class=\"_ _1\"></span>one del<span class=\"_ _1\"></span> Badwi<span class=\"_ _1\"></span>ll definit<span class=\"_ _0\"></span>ivo;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _fa\"> </span><span class=\"ff1 ls1c ws95\">voce 250 \u201c<span class=\"_ _1\"></span>Impo<span class=\"_ _1\"></span>ste sul<span class=\"_ _1\"></span> reddi<span class=\"_ _1\"></span>to dell\u2019<span class=\"_ _1\"></span>eserci<span class=\"_ _1\"></span>zio dell<span class=\"_ _1c\"></span>\u2019operati<span class=\"_ _1\"></span>vit\u00e0 cor<span class=\"_ _1\"></span>rente\u201d<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 ws5f\">diminu<span class=\"_ _0\"></span>zione circa </span></span></span></span>Euro 40 migliaia per lo<span class=\"_ _0\"></span> scarico delle imposte differ<span class=\"_ _0\"></span>ite relative alla quot<span class=\"_ _0\"></span>a di ammortamento de<span class=\"_ _0\"></span>ll\u2019attivit\u00e0 immateriale<span class=\"_ _0\"></span> CR di competenza.<span class=\"ls1 ws1\"> </span>Con riferimento alla PPA relat<span class=\"_ _0\"></span>iva al conferimento del ramo d\u2019azienda in Vita Srl<span class=\"ls0 ws76\">, gli im<span class=\"_ _0\"></span>patti nei </span>valori compar<span class=\"_ _0\"></span>ativi di Stato Patrimoniale al 31<span class=\"_ _0\"></span> dicembre 2024, sono risultati i seguent<span class=\"_ _0\"></span>i: <span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws74\">Voce 90 \u201cAttivit\u00e0 Immater<span class=\"_ _0\"></span>iali\u201d: incremento netto di circa Euro<span class=\"_ _0\"></span> 134 migliaia rilevato con </span>rifer<span class=\"_ _0\"></span>imento alle seguenti sottovoci:<span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws77\">Marchio: inc<span class=\"_ _0\"></span>remento per la rile<span class=\"_ _0\"></span>vazione del ma<span class=\"_ _0\"></span>ggior valore identificato<span class=\"_ _0\"></span> con la PPA </span></span>per ci<span class=\"_ _0\"></span>rca Euro 54<span class=\"_ _0\"></span>7 migliaia,<span class=\"_ _0\"></span> al netto d<span class=\"_ _0\"></span>ell\u2019ammo<span class=\"_ _0\"></span>rtamen<span class=\"_ _0\"></span>to di compet<span class=\"_ _0\"></span>enza dell\u2019eserc<span class=\"_ _0\"></span>izio 2024 <span class=\"_ _0\"></span>per circa <span class=\"_ _0\"></span>Euro 19 m<span class=\"_ _0\"></span>igliaia;<span class=\"ls1 ws1\"> </span>o<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws190\">Avviamento: decrem<span class=\"_ _0\"></span>ento a seguito della determinazione del suo valor<span class=\"_ _0\"></span>e </span></span>definit<span class=\"_ _0\"></span>ivo, per circa Euro 395 migliaia;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws77\">Voce 100 \u201cattivit\u00e0 fiscali </span>\u2013 <span class=\"ls0 ws77\">a<span class=\"_ _1\"></span>ntic<span class=\"_ _0\"></span>ipate\u201d: decremento per circa Euro 2 migliaia per lo scarico </span>delle i<span class=\"_ _1\"></span>mpos<span class=\"_ _1\"></span>te anti<span class=\"_ _1\"></span>cipate is<span class=\"_ _1c\"></span>critte nel<span class=\"_ _1\"></span> 2024 <span class=\"_ _1\"></span>sul ma<span class=\"_ _1\"></span>rchio <span class=\"_ _1\"></span>e stor<span class=\"_ _1\"></span>nate a s<span class=\"_ _1\"></span>eguit<span class=\"_ _1\"></span>o della<span class=\"_ _1c\"></span> variazione de<span class=\"_ _0\"></span>lla sua vita utile; <span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 wsb0\">Voce 60 \u201cpass<span class=\"_ _0\"></span>ivit\u00e0 fiscali </span>\u2013 <span class=\"_ _18\"> </span><span class=\"ls30 wsf6\">differi<span class=\"_ _1\"></span>te\u201d: i<span class=\"_ _1c\"></span>ncremen<span class=\"_ _1\"></span>to net<span class=\"_ _1\"></span>to di ci<span class=\"_ _1\"></span>rca E<span class=\"_ _1\"></span>uro 14<span class=\"_ _1\"></span>6 migl<span class=\"_ _1\"></span>iaia p<span class=\"_ _1\"></span>er </span>effetto (i) per circa Euro 153 migliaia della rile<span class=\"_ _0\"></span>vazione delle imposte differite relative all\u2019increm<span class=\"_ _0\"></span>ento del fair value del marchio e (ii) dal decremento di circa Euro 7 migliaia pari allo scarico de<span class=\"_ _0\"></span>lle imposte differite di competenza dell\u2019<span class=\"_ _0\"></span>esercizio 2024; <span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 wsae\">Voce 170 \u201cUtile (perdit<span class=\"_ _0\"></span>a) dell\u2019esercizio<span class=\"_ _0\"></span>\u201d: incremento complessivo della per<span class=\"_ _0\"></span>dita d\u2019esercizio </span>2024 di circa Euro 8 migliaia derivante dal recepimento nel risultato di esercizio (i) dell\u2019ammorta<span class=\"_ _0\"></span>mento del marchio al nett<span class=\"_ _0\"></span>o (ii) delle im<span class=\"_ _0\"></span>poste differite e (iii) dello<span class=\"_ _0\"></span> scarico delle i<span class=\"_ _1\"></span>mpos<span class=\"_ _1\"></span>te anti<span class=\"_ _1\"></span>cipat<span class=\"_ _1\"></span>e, tu<span class=\"_ _1\"></span>tte iscri<span class=\"_ _1c\"></span>tte nel 20<span class=\"_ _1\"></span>24; <span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls30 ws88\">Voce 1<span class=\"_ _1c\"></span>80 \u201cpat<span class=\"_ _1\"></span>rimoni<span class=\"_ _1\"></span>o di<span class=\"_ _1\"></span> perti<span class=\"_ _1\"></span>nenza d<span class=\"_ _1\"></span>i ter<span class=\"_ _1\"></span>zi\u201d:<span class=\"_ _1\"></span> decre<span class=\"_ _1\"></span>mento d<span class=\"_ _1\"></span>el pa<span class=\"_ _1\"></span>trimo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>etto d<span class=\"_ _1\"></span>i </span>pertinenza di terzi per circa Euro 5 migliaia per l\u2019allocazione<span class=\"_ _0\"></span> della quota parte di maggior perdita<span class=\"_ _0\"></span> dell\u2019esercizio 2024 attribuibile a que<span class=\"_ _0\"></span>st\u2019ultimi.  <span class=\"ls1 ws1\"> </span>Gli impatt<span class=\"_ _0\"></span>i nei valori com<span class=\"_ _0\"></span>partivi del Conto Economico al 3<span class=\"_ _0\"></span>1 dicembre 2024,<span class=\"_ _0\"></span> sono risultati i segu<span class=\"_ _1\"></span>enti<span class=\"_ _1\"></span>: <span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws65\">Vo<span class=\"_ _0\"></span>ce 170 \u201cRettifiche/riprese di valore nette su attivit\u00e0 immater<span class=\"_ _0\"></span>iali\u201d: incremento di circa </span>Euro<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"ls1c ws26\">19 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia per<span class=\"_ _1\"></span> effet<span class=\"_ _1\"></span>to dell\u2019a<span class=\"_ _1c\"></span>mmortam<span class=\"_ _1\"></span>ento di<span class=\"_ _1\"></span> comp<span class=\"_ _1\"></span>etenza<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span></span></span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls30 ws1e3\">Voce 2<span class=\"_ _1\"></span>50 \u201cimp<span class=\"_ _1c\"></span>oste s<span class=\"_ _1\"></span>ul red<span class=\"_ _1\"></span>dito d<span class=\"_ _1c\"></span>ell\u2019ese<span class=\"_ _1\"></span>rcizi<span class=\"_ _1c\"></span>o dell\u2019op<span class=\"_ _1c\"></span>erativit\u00e0<span class=\"_ _1c\"></span> corren<span class=\"_ _1\"></span>te\u201d: d<span class=\"_ _1c\"></span>ecremen<span class=\"_ _1\"></span>to di<span class=\"_ _1c\"></span> </span>circa Euro<span class=\"_ _0\"></span> 7 migliaia per lo scarico de<span class=\"_ _0\"></span>lle imposte differite relat<span class=\"_ _0\"></span>ive all\u2019ammortamento di comp<span class=\"_ _1\"></span>etenza<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> marchi<span class=\"_ _1c\"></span>o;<span class=\"ls1 ws1\"> </span>- <span class=\"_ _1b\"> </span><span class=\"ff1 ls1c ws26\">Voce 290 </span><span class=\"ff1\">\u2013 <span class=\"ls0 ws8c\">Utili (perdit<span class=\"_ _0\"></span>a) d\u2019esercizio di pertinenza di terzi\u201d<span class=\"_ _0\"></span>: incremento della perdita per </span></span>Euro 5 migliaia pe<span class=\"_ _0\"></span>r l\u2019attribuzione<span class=\"_ _0\"></span> ai terzi della quota part<span class=\"_ _0\"></span>e dell\u2019impatto de<span class=\"_ _0\"></span>lla PPA al risul<span class=\"_ _1\"></span>tato ec<span class=\"_ _1\"></span>onomi<span class=\"_ _1\"></span>co di p<span class=\"_ _1\"></span>eriodo.<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>Si riportano qui di seguito gli schemi dello Stato patrimoniale e del Conto Economico al 31 dicembre 2024 che recepiscon<span class=\"_ _0\"></span>o tali variazioni.<span class=\"ls1 ws1\"> </span><table class=\"s w4d4 h445\" id=\"_8b4fdd20-e0c1-4ce6-a62c-58138f05b4bd\"><tr><td></td><td></td><td class=\"c x540 y3544 w4a6 h446\"><div class=\"t m1c x1fa h15b y3555 ff2 fs28 fc0 sc0 ls145 ws374\">Effetto<span class=\"_ _1c\"></span> P<span class=\"_ _0\"></span>PA</div></td><td class=\"c x541 y3544 w4a7 h446\"><div class=\"t m1c x1fa h15b y3555 ff2 fs28 fc0 sc0 ls145 ws374\">Effetti PPA</div></td><td class=\"c x542 y3544 w4a8 h446\"><div class=\"t m1c x1fa h15b y3555 ff2 fs28 fc0 sc0 ls146 ws375\">Restatement<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x543 y3545 w4d5 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls147 ws376\">Voci dell'att<span class=\"_ _0\"></span>ivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x544 y3545 w4aa h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">31/12/2024</div></td><td class=\"c x545 y3545 w4ab h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls149 ws378\">Kairos<span class=\"_ _4ac\"> </span></div></td><td class=\"c x546 y3545 w4d6 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls147 ws379\">Vit<span class=\"_ _0\"></span>a</div></td><td class=\"c x547 y3545 w4d7 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">31/12/2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x548 y3546 w4d8 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">10.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Cas<span class=\"_ _0\"></span>sa e disponibilit\u00e0 liquide<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x549 y3546 w4af h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">306.883<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x54a y3546 w4af h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">306.883<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x548 y3547 w4d9 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">20.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Attivit\u00e0 finanziarie valuta<span class=\"_ _1\"></span>te al fair value con impatto a conto ec<span class=\"_ _0\"></span>onomico<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x54b y3547 w4af h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">119.217<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x54c y3547 w4af h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">119.217<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x543 y3556 w4da h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14a ws37a\">c) altre attivit\u00e0 finanziarie ob<span class=\"_ _1\"></span>bligatoriamente valutate a<span class=\"_ _1\"></span>l fair value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x54d y3556 w4b3 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">119.217<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x54e y3556 w4b3 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">119.217<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x548 y3549 w4db h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">30.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Attivit\u00e0 finanziarie valuta<span class=\"_ _1\"></span>te al fair value con impatto s<span class=\"_ _0\"></span>ulla red<span class=\"_ _1\"></span>ditivit\u00e0 com<span class=\"_ _0\"></span>pless<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x54f y3549 w4b0 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">342.<span class=\"_ _0\"></span>278<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x550 y3549 w4b3 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">342.278<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x548 y354a w4dc h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">40.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Attivit\u00e0 finanziarie valuta<span class=\"_ _1\"></span>te al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizzato<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x551 y354a w4af h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">259.860<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x552 y354a w4af h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">259.860<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x548 y354c w4dd h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">70.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37d\">Partecipazioni<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x553 y354c w4de h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls1 ws1\">8<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x554 y354c w4df h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls1 ws1\">8<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x548 y354d w4e0 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">80.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Attivit\u00e0 m<span class=\"_ _0\"></span>ateriali<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x555 y354d w4c0 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">27.<span class=\"_ _0\"></span>776<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x556 y354d w4b8 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">27.776<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x548 y3557 w4e1 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">90.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Attivit\u00e0 im<span class=\"_ _0\"></span>materiali<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x557 y3557 w4e2 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">1.556.185<span class=\"_ _4ac\"> </span></div></td><td class=\"c x558 y3557 w4cc h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">2.937<span class=\"_ _4ac\"> </span></div></td><td class=\"c x559 y3557 w4b6 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">134</div></td><td class=\"c x55a y3557 w4e3 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">1.559.<span class=\"_ _0\"></span>256<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x55b y3558 w129 h15a\"><div class=\"t m1c x13f h15b y1928 ff1 fs28 fc0 sc0 ls14a ws37a\">di cui:<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x543 y3550 w4e4 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14c ws37e\">- avviamento<span class=\"_ _4ac\"> </span></div></td><td class=\"c x55c y3550 w4e2 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">1.168.200<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x55d y3550 w4e5 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">(395)</div></td><td class=\"c x55e y3550 w4e2 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">1.167.805<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3551 w4e6 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">100.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Attivit\u00e0 fis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ali<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x55f y3551 w4b8 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">29.715<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x560 y3551 w4cf h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">(<span class=\"_ _0\"></span>2)</div></td><td class=\"c x561 y3551 w4ba h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">29.713<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x543 y3552 w4b7 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14d ws37f\">a) c<span class=\"_ _0\"></span>orrenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x562 y3552 w4bd h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">6.386<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x563 y3552 w4be h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">6.386<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x543 y3559 w4e7 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14a ws37a\">b) anticipate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x564 y3559 w4ba h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">23.329<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x565 y3559 w4e8 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">(<span class=\"_ _0\"></span>2)</div></td><td class=\"c x566 y3559 w4ba h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">23.327<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3554 w4e9 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">120.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Altre attivit\u00e0<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x567 y3554 w4b8 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">48.017<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x568 y3554 w4b8 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">48.017<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x543 y345e w4ea h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls14e ws380\">TOTAL<span class=\"_ _1c\"></span>E ATTIV<span class=\"_ _1\"></span>O<span class=\"_ _4ac\"> </span></div></td><td class=\"c x569 y345e w4d3 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">2.<span class=\"_ _0\"></span>689.<span class=\"_ _0\"></span>939<span class=\"_ _4ac\"> </span></div></td><td class=\"c x56a y345e w4d2 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">2.<span class=\"_ _0\"></span>937<span class=\"_ _4ac\"> </span></div></td><td class=\"c x56b y345e w4b6 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">132</div></td><td class=\"c x56c y345e w4d3 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">2.<span class=\"_ _0\"></span>693.<span class=\"_ _0\"></span>008<span class=\"_ _4ac\"> </span></div></td></tr></table><table class=\"s w4a5 h442\" id=\"_d122530d-65ba-4109-b059-7ca47d72a1fb\"><tr><td></td><td></td><td class=\"c x509 y3540 w4a6 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls145 ws374\">Effetto<span class=\"_ _1c\"></span> P<span class=\"_ _0\"></span>PA</div></td><td class=\"c x50a y3540 w4a7 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls145 ws374\">Effetti PPA</div></td><td class=\"c x50b y3540 w4a8 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls146 ws375\">Restatement<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3541 w4a9 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls147 ws376\">Voci del p<span class=\"_ _0\"></span>assivo e el p<span class=\"_ _0\"></span>atrim<span class=\"_ _0\"></span>onio netto<span class=\"_ _4ac\"> </span></div></td><td class=\"c x50d y3541 w4aa h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">31/12/2024</div></td><td class=\"c x50e y3541 w4ab h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls149 ws378\">Kairos<span class=\"_ _4ac\"> </span></div></td><td class=\"c x50f y3541 w4ac h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls147 ws379\">Vit<span class=\"_ _0\"></span>a</div></td><td class=\"c x510 y3541 w4ad h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">31/12/2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x511 y3542 w4ae h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">10.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> valutate al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizz<span class=\"_ _1\"></span>ato<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x512 y3542 w4af h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">800.757<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x513 y3542 w4b0 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">800.<span class=\"_ _0\"></span>757<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3543 w4b1 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14a ws37a\">a) Debiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x514 y3543 w4b2 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">215.<span class=\"_ _0\"></span>543<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x515 y3543 w4b3 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">215.543<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3544 w4b4 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14a ws37a\">b) Titoli in circolazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x516 y3544 w4af h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">585.214<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x517 y3544 w4af h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">585.214<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x511 y3545 w4b5 h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">60.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Pass<span class=\"_ _0\"></span>ivit\u00e0 fis<span class=\"_ _0\"></span>cali<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x518 y3545 w4af h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">112.840<span class=\"_ _4ac\"> </span></div></td><td class=\"c x519 y3545 w4b6 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">869<span class=\"_ _4ac\"> </span></div></td><td class=\"c x51a y3545 w4b6 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">146</div></td><td class=\"c x51b y3545 w4b3 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">113.854<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3546 w4b7 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14d ws37f\">a) c<span class=\"_ _0\"></span>orrenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x51c y3546 w4b8 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">38.309<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x51d y3546 w4b8 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">38.309<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3547 w4b9 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14a ws37a\">b) differite<span class=\"_ _4ac\"> </span></div></td><td class=\"c x51e y3547 w4ba h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">74.531<span class=\"_ _4ac\"> </span></div></td><td class=\"c x51f y3547 w4b6 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">869<span class=\"_ _4ac\"> </span></div></td><td class=\"c x520 y3547 w4b6 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">146</div></td><td class=\"c x521 y3547 w4b8 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">75.545<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x511 y3548 w4bb h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">80.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Altre pass<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x522 y3548 w4ba h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">81.112<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x523 y3548 w4b8 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">81.112<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x511 y3549 w4bc h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">90.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Trattamento di fine rap<span class=\"_ _1\"></span>porto del p<span class=\"_ _1\"></span>ersonale<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x524 y3549 w4bd h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">6.634<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x525 y3549 w4be h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">6.634<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x526 y354a w4bf h443\"><div class=\"t m1c x1fa h15b y353f ff2 fs28 fc0 sc0 ls148 ws377\">100.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Fond<span class=\"_ _1\"></span>i per risc<span class=\"_ _0\"></span>hi e one<span class=\"_ _1\"></span>ri:<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x527 y354a w4ba h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">27.691<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x528 y354a w4c0 h443\"><div class=\"t m1c x1fa h15b y353f ff1 fs28 fc0 sc0 ls14b ws37b\">27.<span class=\"_ _0\"></span>691<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y354c w4c1 h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14a ws37a\">a) impegni e garanz<span class=\"_ _1\"></span>ie rilasc<span class=\"_ _0\"></span>iate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x529 y354c w4c2 h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">24<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x52a y354c w4c2 h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">24<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y354d w4c3 h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14a ws37a\">c) altri f<span class=\"_ _0\"></span>ondi pe<span class=\"_ _1\"></span>r risc<span class=\"_ _0\"></span>hi e oner<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x52b y354d w4b8 h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">27.667<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x52c y354d w4ba h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">27.667<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x526 y354e w4c4 h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls148 ws377\">110.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37d\">Capitale<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x52d y354e w4bd h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">7.292<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x52e y354e w4bd h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">7.292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x526 y354f w4c5 h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls148 ws377\">120.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Azioni propr<span class=\"_ _1\"></span>ie (-)<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x52f y354f w4c6 h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">(<span class=\"_ _0\"></span>44.529)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x530 y354f w4c7 h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">(44.<span class=\"_ _0\"></span>529)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x526 y3550 w4c8 h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls148 ws377\">140.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Sovrappre<span class=\"_ _1\"></span>zzi di emiss<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x531 y3550 w4af h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">787.652<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x532 y3550 w4af h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">787.652<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x526 y3551 w4c9 h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls148 ws377\">150.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14f ws381\">Ris<span class=\"_ _0\"></span>erv<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x531 y3551 w4af h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">574.062<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x532 y3551 w4af h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">574.062<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x526 y3552 w4ca h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls148 ws377\">160.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Riserve da valuta<span class=\"_ _1\"></span>zione<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x533 y3552 w4b8 h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">91.855<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x534 y3552 w4b8 h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">91.855<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x526 y3553 w4cb h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls148 ws377\">170.<span class=\"_ _5d\"> </span><span class=\"ff1 ls14a ws37a\">Utile (Perdita) d'esercizio<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x535 y3553 w4af h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">227.922<span class=\"_ _4ac\"> </span></div></td><td class=\"c x536 y3553 w4cc h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">2.069<span class=\"_ _4ac\"> </span></div></td><td class=\"c x537 y3553 w4cd h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">(8)</div></td><td class=\"c x538 y3553 w4b3 h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">229.982<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3554 w4ce h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls148 ws377\">180.<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span><span class=\"ff1 ls14a ws37a\">Patrimonio di pertin<span class=\"_ _1\"></span>enza d<span class=\"_ _1\"></span>i terzi<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x539 y3554 w4ba h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">16.651<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x53a y3554 w4cf h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">(<span class=\"_ _0\"></span>5)</div></td><td class=\"c x53b y3554 w4c0 h444\"><div class=\"t m1c x1fa h15b y354b ff1 fs28 fc0 sc0 ls14b ws37b\">16.<span class=\"_ _0\"></span>645<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y345e w4d0 h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls14e ws380\">TOTAL<span class=\"_ _1c\"></span>E PAS<span class=\"_ _1\"></span>SIV<span class=\"_ _1\"></span>O E PA<span class=\"_ _1\"></span>TRIM<span class=\"_ _1\"></span>ON<span class=\"_ _1\"></span>IO N<span class=\"_ _1\"></span>ETTO<span class=\"_ _4ac\"> </span></div></td><td class=\"c x53c y345e w4d1 h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls148 ws377\">2.<span class=\"_ _0\"></span>689.939<span class=\"_ _4ac\"> </span></div></td><td class=\"c x53d y345e w4d2 h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls148 ws377\">2.<span class=\"_ _0\"></span>937<span class=\"_ _4ac\"> </span></div></td><td class=\"c x53e y345e w4b6 h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls148 ws377\">132</div></td><td class=\"c x53f y345e w4d3 h444\"><div class=\"t m1c x1fa h15b y354b ff2 fs28 fc0 sc0 ls148 ws377\">2.<span class=\"_ _0\"></span>693.<span class=\"_ _0\"></span>008<span class=\"_ _4ac\"> </span></div></td></tr></table>Con<span class=\"_ _0\"></span>to E<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ico (<span class=\"_ _0\"></span>valor<span class=\"_ _0\"></span>i in e<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>o mi<span class=\"_ _0\"></span>glia<span class=\"_ _0\"></span>ia)<span class=\"_ _4ac\"> </span><table class=\"s w4eb h447\" id=\"_d95f5206-b70f-4f36-a986-20b851963965\"><tr><td></td><td></td><td class=\"c x56d y355b w4ec h448\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls151 ws383\">Effetto<span class=\"_ _1\"></span> PPA</div></td><td class=\"c x56e y355b w4ed h448\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls151 ws383\">Effetti PPA</div></td><td class=\"c x56f y355b w4ee h448\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls152 ws384\">R<span class=\"_ _1\"></span>estatement<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x570 y355c w4ef h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls150 ws385\">Voci<span class=\"_ _4ac\"> </span></div></td><td class=\"c x571 y355c w4f0 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">31/12/2024</div></td><td class=\"c x572 y355c w4f1 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls154 ws387\">Kairos<span class=\"_ _4ac\"> </span></div></td><td class=\"c x573 y355c w4f2 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls155 ws388\">Vita</div></td><td class=\"c x574 y355c w4f3 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">31/<span class=\"_ _0\"></span>12/2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x222 y355d w4f4 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">10.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Com<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sioni attive<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x575 y355d w4f5 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">1.291.661<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x576 y355d w4f6 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">1.291.661<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x222 y355e w4f7 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">20.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Com<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sioni pass<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x577 y355e w4f8 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(<span class=\"_ _0\"></span>763.818)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x578 y355e w4f9 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(763.818)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x222 y355f w4fa h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">30.<span class=\"_ _15\"> </span><span class=\"ls158 ws38b\">COMMIS<span class=\"_ _1\"></span>SION<span class=\"_ _1c\"></span>I NETTE<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x579 y355f w4fb h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">527.<span class=\"_ _0\"></span>843<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x57a y355f w4fc h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">527.843<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x222 y3560 w4fd h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">40.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Dividendi e proven<span class=\"_ _1\"></span>ti sim<span class=\"_ _0\"></span>ili<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x57b y3560 w4fe h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">3.125<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x57c y3560 w4fe h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">3.125<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x222 y3561 w4ff h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">50.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Interess<span class=\"_ _0\"></span>i attivi e proventi assimilati<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x57d y3561 w500 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">20.440<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x57e y3561 w501 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">20.440<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x55b y3562 w12a h15c\"><div class=\"t m1d x69 h15d y1961 ff1 fs29 fc0 sc0 ls156 ws389\">di cui: interessi attivi calc<span class=\"_ _0\"></span>olati con il m<span class=\"_ _0\"></span>etodo dell\u2019<span class=\"_ _1\"></span>interesse effettivo<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x222 y3563 w502 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">60.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Interess<span class=\"_ _0\"></span>i pass<span class=\"_ _0\"></span>ivi e oneri assim<span class=\"_ _0\"></span>ilati<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x57f y3563 w503 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(12.116)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x580 y3563 w504 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(12.116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x222 y3564 w505 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">90.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Utile/perdita da cessione o riacquis<span class=\"_ _0\"></span>to di:<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x581 y3564 w4fe h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">1.047<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x582 y3564 w506 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">1.047<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x570 y3565 w507 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls156 ws389\">a) attivit\u00e0 finanziarie<span class=\"_ _1\"></span> valutate al cos<span class=\"_ _0\"></span>to ammortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c x583 y3565 w4fe h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">1.047<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x584 y3565 w506 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">1.047<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x585 y3566 w12b h15e\"><div class=\"t m1d x24 h15d y1967 ff1 fs29 fc0 sc0 ls156 ws389\">Risultato netto de<span class=\"_ _1\"></span>lle altre attivit\u00e0 e de<span class=\"_ _1\"></span>lle pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> valutate al fair value </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3567 w508 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">100.<span class=\"_ _4ac\"> </span></div><div class=\"t m1d x586 h15d y355a ff1 fs29 fc0 sc0 ls154 ws38c\">con im<span class=\"_ _0\"></span>patto a conto economi<span class=\"_ _0\"></span>co<span class=\"_ _4ac\"> </span></div></td><td class=\"c x587 y3567 w506 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">3.279<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x588 y3567 w4fe h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">3.279<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x570 y3568 w509 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls156 ws389\">b) altre attivit\u00e0 finanz<span class=\"_ _1\"></span>iarie obbligatoriamente<span class=\"_ _1\"></span> valutate al fair value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x589 y3568 w4fe h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">3.279<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x58a y3568 w4fe h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">3.279<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3569 w50a h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">110.<span class=\"_ _15\"> </span><span class=\"ls159 ws1\">MA<span class=\"_ _0\"></span>RGINE DI<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>NTERM<span class=\"_ _0\"></span>EDI<span class=\"_ _0\"></span>AZ<span class=\"_ _0\"></span>IO<span class=\"_ _0\"></span>NE<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x58b y3569 w4fc h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">543.618<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x58c y3569 w4fb h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">543.<span class=\"_ _0\"></span>618<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y356a w50b h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">120.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Rettifiche/riprese di valore n<span class=\"_ _1\"></span>ette per rischio di credito di:<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x58d y356a w50c h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(<span class=\"_ _0\"></span>923)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x58e y356a w50d h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(<span class=\"_ _0\"></span>923)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x570 y356b w507 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls156 ws389\">a) attivit\u00e0 finanziarie<span class=\"_ _1\"></span> valutate al cos<span class=\"_ _0\"></span>to ammortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c x58f y356b w50e h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(923)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x590 y356b w50e h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(923)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y356c w50f h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">130.<span class=\"_ _15\"> </span><span class=\"ls159 ws1\">RI<span class=\"_ _0\"></span>SULTA<span class=\"_ _0\"></span>TO<span class=\"_ _0\"></span> NETT<span class=\"_ _0\"></span>O D<span class=\"_ _0\"></span>ELLA GESTI<span class=\"_ _0\"></span>ONE F<span class=\"_ _0\"></span>INA<span class=\"_ _0\"></span>NZI<span class=\"_ _0\"></span>ARI<span class=\"_ _0\"></span>A<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x591 y356c w4fc h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">542.695<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x592 y356c w4fb h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">542.<span class=\"_ _0\"></span>695<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y356d w510 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">140.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Spese amm<span class=\"_ _0\"></span>inistrative:<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x593 y356d w511 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(180.625)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x594 y356d w512 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(180.625)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x570 y356e w513 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls15a ws38d\">a) s<span class=\"_ _0\"></span>pese per<span class=\"_ _0\"></span> il pers<span class=\"_ _0\"></span>onale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x595 y356e w511 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(127.687)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x596 y356e w4f8 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(<span class=\"_ _0\"></span>127.687)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x570 y356f w514 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls156 ws389\">b) altre spese amm<span class=\"_ _0\"></span>inistrative<span class=\"_ _4ac\"> </span></div></td><td class=\"c x597 y356f w503 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(52.938)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x598 y356f w504 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(52.938)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3570 w515 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">150.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Ac<span class=\"_ _0\"></span>cantonamenti netti ai fondi per r<span class=\"_ _1\"></span>isc<span class=\"_ _0\"></span>hi e oneri<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x599 y3570 w516 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">199<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x59a y3570 w516 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">199<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3571 w517 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">160.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Rettifiche/riprese di valore n<span class=\"_ _1\"></span>ette su attivit\u00e0 materiali<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x59b y3571 w518 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(5.889)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x59c y3571 w518 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(5.889)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3572 w519 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">170.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Rettifiche/riprese di valore n<span class=\"_ _1\"></span>ette su attivit\u00e0 imm<span class=\"_ _0\"></span>ateriali<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x59d y3572 w51a h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(45.013)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x59e y3572 w50e h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(136)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x59f y3572 w51b h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(<span class=\"_ _0\"></span>19)</div></td><td class=\"c x5a0 y3572 w51a h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(45.169)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3573 w51c h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">180.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Altri proventi e oneri d<span class=\"_ _1\"></span>i gestione<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x5a1 y3573 w501 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">10.436<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5a2 y3573 w4fe h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">2.165<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x5a3 y3573 w501 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">12.601<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3574 w51d h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">190.<span class=\"_ _15\"> </span><span class=\"ls159 ws1\">CO<span class=\"_ _0\"></span>ST<span class=\"_ _0\"></span>I OP<span class=\"_ _0\"></span>ERA<span class=\"_ _0\"></span>TI<span class=\"_ _0\"></span>VI<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x5a4 y3574 w51e h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">(220.<span class=\"_ _0\"></span>892)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5a5 y3574 w51f h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">2.<span class=\"_ _0\"></span>028<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5a6 y3574 w520 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">(19)</div></td><td class=\"c x5a7 y3574 w521 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">(<span class=\"_ _0\"></span>218.<span class=\"_ _0\"></span>883)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3575 w522 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">240.<span class=\"_ _15\"> </span><span class=\"ls159 ws1\">UT<span class=\"_ _0\"></span>ILE (<span class=\"_ _0\"></span>PERD<span class=\"_ _0\"></span>IT<span class=\"_ _0\"></span>A)<span class=\"_ _0\"></span> DELL\u2019AT<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>IVI<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>\u00c0 C<span class=\"_ _0\"></span>ORRENT<span class=\"_ _0\"></span>E AL LORD<span class=\"_ _0\"></span>O DELLE I<span class=\"_ _0\"></span>MP<span class=\"_ _0\"></span>OST<span class=\"_ _0\"></span>E<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x5a8 y3575 w523 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">321.803<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5a9 y3575 w51f h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">2.<span class=\"_ _0\"></span>028<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5aa y3575 w524 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">(<span class=\"_ _0\"></span>19)</div></td><td class=\"c x5ab y3575 w4fb h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">323.<span class=\"_ _0\"></span>812<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3576 w525 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">250.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Im<span class=\"_ _0\"></span>poste s<span class=\"_ _0\"></span>ul redd<span class=\"_ _1\"></span>ito dell'esercizio dell\u2019<span class=\"_ _1\"></span>operativit\u00e0 corrente<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x5ac y3576 w504 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(93.958)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5ad y3576 w526 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">40<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5ae y3576 w527 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls1 ws1\">5</div></td><td class=\"c x5af y3576 w528 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(93.<span class=\"_ _0\"></span>912)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3577 w529 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">260.<span class=\"_ _15\"> </span><span class=\"ls159 ws1\">UT<span class=\"_ _0\"></span>ILE (<span class=\"_ _0\"></span>PERD<span class=\"_ _0\"></span>IT<span class=\"_ _0\"></span>A)<span class=\"_ _0\"></span> DELL\u2019AT<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>IVI<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>\u00c0 C<span class=\"_ _0\"></span>ORRENT<span class=\"_ _0\"></span>E AL NETT<span class=\"_ _0\"></span>O D<span class=\"_ _0\"></span>ELLE IM<span class=\"_ _0\"></span>PO<span class=\"_ _0\"></span>STE<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x5b0 y3577 w52a h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">227.845<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5b1 y3577 w51f h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">2.<span class=\"_ _0\"></span>069<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5b2 y3577 w52b h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">(14)</div></td><td class=\"c x5b3 y3577 w4fb h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">229.<span class=\"_ _0\"></span>900<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3578 w52c h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">280.<span class=\"_ _15\"> </span><span class=\"ls159 ws1\">UT<span class=\"_ _0\"></span>ILE (<span class=\"_ _0\"></span>PERD<span class=\"_ _0\"></span>IT<span class=\"_ _0\"></span>A)<span class=\"_ _0\"></span> D'ESERC<span class=\"_ _0\"></span>IZ<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>O<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x5b4 y3578 w4fb h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">227.<span class=\"_ _0\"></span>845<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5b5 y3578 w52d h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">2.<span class=\"_ _0\"></span>069<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5b6 y3578 w52b h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">(14)</div></td><td class=\"c x5b7 y3578 w52e h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">229.<span class=\"_ _0\"></span>900<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3579 w52f h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">290.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Utili (<span class=\"_ _0\"></span>Perdita) d'<span class=\"_ _1\"></span>esercizio di pertinen<span class=\"_ _1\"></span>za di terz<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x5b8 y3579 w530 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(77)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x5b9 y3579 w531 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(5)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5ba y3579 w532 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(82)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w533 h42a\"><div class=\"t m1d x1fa h15d y355a ff2 fs29 fc0 sc0 ls153 ws386\">300.<span class=\"_ _15\"> </span><span class=\"ff1 ls156 ws389\">Utili (<span class=\"_ _0\"></span>Perdita) d'<span class=\"_ _1\"></span>esercizio di pertinen<span class=\"_ _1\"></span>za della capogrupp<span class=\"_ _1\"></span>o<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x5bb y345e w534 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">227.922<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5bc y345e w506 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">2.069<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5bd y345e w535 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">(<span class=\"_ _0\"></span>8)</div></td><td class=\"c x5be y345e w536 h42a\"><div class=\"t m1d x1fa h15d y355a ff1 fs29 fc0 sc0 ls157 ws38a\">229.982<span class=\"_ _4ac\"> </span></div></td></tr></table>Prosp<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>o della Red<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ivit\u00e0 Com<span class=\"_ _0\"></span>pless<span class=\"_ _0\"></span>iva Consolidata (<span class=\"_ _0\"></span>valori in euro migliaia)<span class=\"_ _4ac\"> </span><table class=\"s w537 h449\" id=\"_214c6d1c-39fc-4f3d-b36a-766ddb5d373e\"><tr><td></td><td></td><td class=\"c x5bf y357b w538 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15c ws38f\">Effetto<span class=\"_ _1\"></span> PPA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5c1 y357b w539 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15c ws38f\">Effe</div><div class=\"t m1e x5c0 h160 y357a ff2 fs2a fc0 sc0 ls15c ws38f\">tti PPA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5c2 y357b w53a h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15d ws390\">Restatement<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x570 y357c w53b h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15e ws391\">Voci<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5c3 y357c w53c h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">31/12/2024</div></td><td class=\"c x5c4 y357c w53d h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls160 ws393\">Kairos<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5c5 y357c w53e h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15b ws394\">V<span class=\"_ _0\"></span>ita</div></td><td class=\"c x5c6 y357c w53f h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">31/12/2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x222 y357d w540 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">10.<span class=\"_ _15\"> </span><span class=\"ls15b ws38e\">Utile<span class=\"_ _0\"></span> (Pe<span class=\"_ _0\"></span>rdit<span class=\"_ _0\"></span>a) d'e<span class=\"_ _0\"></span>sercizio<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x5c7 y357d w541 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">227.845<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5c8 y357d w542 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">2.<span class=\"_ _0\"></span>069<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5c9 y357d w543 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">(14)</div></td><td class=\"c x5ca y357d w544 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">229.<span class=\"_ _0\"></span>900<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x585 y357e w12d h161\"><div class=\"t m1e x24 h160 y1984 ff2 fs2a fc0 sc0 ls15b ws38e\">Altre<span class=\"_ _0\"></span> component<span class=\"_ _0\"></span>i redd<span class=\"_ _0\"></span>ituali al net<span class=\"_ _0\"></span>to d<span class=\"_ _0\"></span>elle im<span class=\"_ _0\"></span>poste<span class=\"_ _0\"></span> senza r<span class=\"_ _0\"></span>igiro a co<span class=\"_ _1\"></span>nto </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x585 y357e w12d h161\"><div class=\"t m1e x24 h160 y1985 ff2 fs2a fc0 sc0 ls15e ws391\">econ<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>co<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x222 y357f w545 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">20.<span class=\"_ _4ac\"> </span></div><div class=\"t m1e x5cb h160 y357a ff1 fs2a fc0 sc0 ls161 ws395\">Titoli di capitale designati al fair value con impatto sulla redditivit\u00e0 compless<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5cc y357f w546 h44a\"><div class=\"t m1e x1fa h160 y357a ff1 fs2a fc0 sc0 ls162 ws396\">78.968<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x5cd y357f w546 h44a\"><div class=\"t m1e x1fa h160 y357a ff1 fs2a fc0 sc0 ls162 ws396\">78.968<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x222 y3580 w547 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">70.<span class=\"_ _4ac\"> </span></div><div class=\"t m1e x5cb h160 y357a ff1 fs2a fc0 sc0 ls161 ws395\">Piani a ben<span class=\"_ _1\"></span>efic<span class=\"_ _0\"></span>i definiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5ce y3580 w548 h44a\"><div class=\"t m1e x1fa h160 y357a ff1 fs2a fc0 sc0 ls162 ws396\">274<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x5cf y3580 w549 h44a\"><div class=\"t m1e x1fa h160 y357a ff1 fs2a fc0 sc0 ls162 ws396\">274<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3581 w54a h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">170.<span class=\"_ _4ac\"> </span></div><div class=\"t m1e x5d0 h160 y357a ff2 fs2a fc0 sc0 ls15b ws38e\">Totale<span class=\"_ _0\"></span> altre comp<span class=\"_ _0\"></span>onenti re<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ituali al net<span class=\"_ _0\"></span>to de<span class=\"_ _0\"></span>lle imp<span class=\"_ _0\"></span>oste<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5d1 y3581 w54b h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">79.242<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x5d2 y3581 w54c h44a\"><div class=\"t m1e x1fa h160 y357a ff1 fs2a fc0 sc0 ls162 ws396\">79.242<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3582 w54d h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">180.</div><div class=\"t m1e x5d0 h160 y357a ff2 fs2a fc0 sc0 ls15f ws397\">Re<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0 com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span> (V<span class=\"_ _0\"></span>oce<span class=\"_ _0\"></span> 10+170)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5d3 y3582 w541 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">307.087<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5d4 y3582 w542 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">2.<span class=\"_ _0\"></span>069<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5d5 y3582 w54e h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">(<span class=\"_ _0\"></span>14)</div></td><td class=\"c x5d6 y3582 w541 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">309.142<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3583 w54f h44a\"><div class=\"t m1e x1fa h160 y357a ff1 fs2a fc0 sc0 ls162 ws396\">190.<span class=\"_ _4ac\"> </span></div><div class=\"t m1e x5d0 h160 y357a ff1 fs2a fc0 sc0 ls161 ws395\">Redd<span class=\"_ _1\"></span>itivit\u00e0 cons<span class=\"_ _0\"></span>olidata comples<span class=\"_ _0\"></span>siva di pertinen<span class=\"_ _1\"></span>za di terz<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5d7 y3583 w550 h44a\"><div class=\"t m1e x1fa h160 y357a ff1 fs2a fc0 sc0 ls162 ws396\">(57)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x5d8 y3583 w551 h44a\"><div class=\"t m1e x1fa h160 y357a ff1 fs2a fc0 sc0 ls162 ws396\">(5)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5da y3583 w552 h44a\"><div class=\"t m1e x1fa h160 y357a ff1 fs2a fc0 sc0 ls162 ws396\">(</div><div class=\"t m1e x5d9 h160 y357a ff1 fs2a fc0 sc0 ls162 ws396\">62)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w553 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">200.<span class=\"_ _4ac\"> </span></div><div class=\"t m1e x5d0 h160 y357a ff2 fs2a fc0 sc0 ls15b ws38e\">Redd<span class=\"_ _0\"></span>itivit\u00e0 consolidat<span class=\"_ _0\"></span>a comples<span class=\"_ _0\"></span>siva di pe<span class=\"_ _0\"></span>rtinenz<span class=\"_ _0\"></span>a de<span class=\"_ _0\"></span>lla capogruppo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5db y345e w541 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">307.144<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5dc y345e w542 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">2.<span class=\"_ _0\"></span>069<span class=\"_ _4ac\"> </span></div></td><td class=\"c x5de y345e w554 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">(</div><div class=\"t m1e x5dd h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">8)</div></td><td class=\"c x5df y345e w555 h44a\"><div class=\"t m1e x1fa h160 y357a ff2 fs2a fc0 sc0 ls15f ws392\">309.<span class=\"_ _0\"></span>204</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-23": {
   "value": "Info<span class=\"_ _0\"></span>rmativa su<span class=\"_ _0\"></span>i se<span class=\"_ _0\"></span>ttori operati<span class=\"_ _0\"></span>vi (<span class=\"_ _0\"></span>IFRS 8)<span class=\"ls1 ws1\"> </span>L\u2019attivit<span class=\"_ _0\"></span>\u00e0 del Gruppo Anima, ricon<span class=\"_ _0\"></span>ducibile alle societ<span class=\"_ _0\"></span>\u00e0 controllate operative<span class=\"_ _0\"></span> Anima SGR, <span class=\"ls32 ws5e\">An<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span> </span>Alte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ve SGR<span class=\"_ _1c\"></span>, Kairo<span class=\"_ _1\"></span>s SGR, C<span class=\"_ _1\"></span>astel<span class=\"_ _1\"></span>lo SG<span class=\"_ _1\"></span>R e sua c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>olla<span class=\"_ _1\"></span>ta, ci<span class=\"_ _1\"></span>ascuna<span class=\"_ _1c\"></span> <span class=\"_ _0\"></span>sp<span class=\"_ _1\"></span>ecial<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ta nell<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span> promo<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne e ge<span class=\"_ _1\"></span>stion<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> prodot<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>i fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1\"></span>ari, <span class=\"_ _1\"></span>fa rif<span class=\"_ _1\"></span>erim<span class=\"_ _1\"></span>ento a<span class=\"_ _1\"></span>d un u<span class=\"_ _1\"></span>nico s<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span>re op<span class=\"_ _1\"></span>erativ<span class=\"_ _1\"></span>o. Infa<span class=\"_ _1\"></span>tti, la<span class=\"_ _1\"></span> natura<span class=\"_ _1\"></span> dei<span class=\"_ _1\"></span> prodo<span class=\"_ _1c\"></span>tti e servi<span class=\"_ _1\"></span>zi of<span class=\"_ _1\"></span>ferti<span class=\"_ _1\"></span>, la st<span class=\"_ _1\"></span>ruttu<span class=\"_ _1\"></span>ra dei <span class=\"lse ws5b\">processi di gestione e<span class=\"_ _0\"></span>d operativi </span>nonch\u00e9 la tipologia della cliente<span class=\"_ _0\"></span>la non presentano aspetti di differenziazione ta<span class=\"_ _0\"></span>li da<span class=\"_ _4ac\"> </span>deter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>re ris<span class=\"_ _1\"></span>chi o b<span class=\"_ _1c\"></span>enefici d<span class=\"_ _1\"></span>ive<span class=\"_ _1\"></span>rsi ma, a<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>trari<span class=\"_ _1\"></span>o, pres<span class=\"_ _1c\"></span>entano <span class=\"_ _1\"></span>molti<span class=\"_ _1\"></span> asp<span class=\"_ _1\"></span>etti si<span class=\"_ _1\"></span>mila<span class=\"_ _1\"></span>ri e di<span class=\"_ _1\"></span> corre<span class=\"_ _0\"></span>lazion<span class=\"_ _0\"></span>e tra loro<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span>Tutt<span class=\"_ _1\"></span>e le s<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> Grupp<span class=\"_ _1c\"></span>o Anima s<span class=\"_ _1\"></span>ono i<span class=\"_ _1c\"></span>ndivid<span class=\"_ _1\"></span>uate so<span class=\"_ _1\"></span>tto u<span class=\"_ _1c\"></span>n\u2019unica<span class=\"_ _1\"></span> CGU, c<span class=\"_ _1c\"></span>omples<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>e dedicata alla<span class=\"_ _0\"></span> gestione del ris<span class=\"_ _0\"></span>parmio e in gra<span class=\"_ _0\"></span>do di generare flussi di re<span class=\"_ _0\"></span>ddito e di cassa, con<span class=\"_ _4ac\"> </span>un\u2019espos<span class=\"_ _0\"></span>izione dei risultati e delle per<span class=\"_ _0\"></span>formance aziendali che non prevede un reporting separa<span class=\"_ _1c\"></span>to (\u201csegme<span class=\"_ _1c\"></span>nt reporti<span class=\"_ _1\"></span>ng\u201d)<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Cons<span class=\"_ _1\"></span>egue<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e, le i<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mazio<span class=\"_ _1\"></span>ni c<span class=\"_ _1\"></span>ontabi<span class=\"_ _1\"></span>li n<span class=\"_ _1\"></span>on so<span class=\"_ _1\"></span>no sta<span class=\"_ _1\"></span>te pr<span class=\"_ _1c\"></span>esenta<span class=\"_ _1\"></span>te in f<span class=\"_ _1\"></span>orma<span class=\"_ _1\"></span> disti<span class=\"_ _1c\"></span>nta per<span class=\"_ _1c\"></span> sett<span class=\"_ _1\"></span>ori opera<span class=\"_ _1c\"></span>tivi, co<span class=\"_ _1\"></span>erente<span class=\"_ _1c\"></span>mente co<span class=\"_ _1\"></span>n il sis<span class=\"_ _1\"></span>tema d<span class=\"_ _1\"></span>i repo<span class=\"_ _1\"></span>rting<span class=\"_ _1\"></span> intern<span class=\"_ _1\"></span>o util<span class=\"_ _1c\"></span>izzato da<span class=\"_ _1\"></span>l manag<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent e basato sui dat<span class=\"_ _0\"></span>i contabili delle sudde<span class=\"_ _0\"></span>tte societ<span class=\"_ _0\"></span>\u00e0 utilizzati per la redazione<span class=\"_ _0\"></span> del Bilancio cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ato r<span class=\"_ _1\"></span>edat<span class=\"_ _1\"></span>to se<span class=\"_ _1\"></span>cond<span class=\"_ _1\"></span>o cri<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span> IFR<span class=\"_ _1\"></span>S.<span class=\"ls1 ws1\"> </span>Anal<span class=\"_ _1\"></span>oga<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span>, non<span class=\"_ _1\"></span> vengo<span class=\"_ _1c\"></span>no forni<span class=\"_ _1c\"></span>te infor<span class=\"_ _1\"></span>maz<span class=\"_ _1\"></span>ioni in <span class=\"_ _1c\"></span>merito a <span class=\"_ _1c\"></span>ricavi <span class=\"_ _1\"></span>da cl<span class=\"_ _1\"></span>ienti<span class=\"_ _1\"></span> e attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> non<span class=\"_ _1\"></span> correnti distint<span class=\"_ _0\"></span>i per area geografica,<span class=\"_ _0\"></span> n\u00e9 informazioni circa il grado di dipendenza<span class=\"_ _0\"></span> dai clienti medesimi, in qu<span class=\"_ _0\"></span>anto ritenute di scarsa rilevanza informat<span class=\"_ _0\"></span>iva dal man<span class=\"ls35 ws16\">agement.<span class=\"ls1 ws1\"> </span></span>Perta<span class=\"_ _1\"></span>nto, <span class=\"_ _1\"></span>esse<span class=\"_ _1\"></span>ndoci d<span class=\"_ _1\"></span>i fa<span class=\"_ _1\"></span>tto un<span class=\"_ _1\"></span> unic<span class=\"_ _1\"></span>o sett<span class=\"_ _1\"></span>ore og<span class=\"_ _1\"></span>gett<span class=\"_ _1\"></span>o di inf<span class=\"_ _1c\"></span>ormativ<span class=\"_ _1\"></span>a, p<span class=\"_ _1\"></span>er qua<span class=\"_ _1\"></span>nto rig<span class=\"_ _1c\"></span>uarda l<span class=\"_ _1\"></span>e informazioni in merito ai ricavi da clienti distint<span class=\"_ _0\"></span>i per prodotto/servizio si pu\u00f2 fare riferimento<span class=\"_ _0\"></span> al dettaglio delle commissio<span class=\"_ _0\"></span>ni attive riportato nell\u2019ambito de<span class=\"_ _0\"></span>ll<span class=\"ls31 ws27\">e informaz<span class=\"_ _0\"></span>ioni su<span class=\"_ _0\"></span>l conto econo<span class=\"_ _0\"></span>mico </span>della presente<span class=\"_ _0\"></span> Nota integrativa consolidat<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span>Come <span class=\"_ _1\"></span>richia<span class=\"_ _1\"></span>mato a<span class=\"_ _1\"></span>nche n<span class=\"_ _1\"></span>el P<span class=\"_ _1\"></span>ubblic<span class=\"_ _1\"></span> State<span class=\"_ _1\"></span>ment del<span class=\"_ _1\"></span> 14 o<span class=\"_ _1\"></span>ttobre <span class=\"_ _1\"></span>2025 d<span class=\"_ _1\"></span>ell\u2019E<span class=\"_ _1\"></span>SMA <span class=\"ls35 ws16\">\u201cEuropean </span>comm<span class=\"_ _1\"></span>on enf<span class=\"_ _1c\"></span>orcemen<span class=\"_ _1\"></span>t pri<span class=\"_ _1\"></span>oritie<span class=\"_ _1\"></span>s for 2<span class=\"_ _1c\"></span>025 corp<span class=\"_ _1c\"></span>orate rep<span class=\"_ _1\"></span>orti<span class=\"_ _1\"></span>ng\u201d<span class=\"ls1 ws1\"> <span class=\"_ _d\"></span><span class=\"ls2f wsae\">(<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>inv<span class=\"_ _0\"></span>ia<span class=\"ls1 ws1\"> <span class=\"_ _1\"></span><span class=\"ls30 ws18b\">a quant<span class=\"_ _1\"></span>o ripor<span class=\"_ _1\"></span>tato nel<span class=\"_ _1\"></span>la </span></span></span></span>Parte A <span class=\"ls1 ws1\">\u2013 <span class=\"_ _11\"></span><span class=\"ls0 ws86\">Polit<span class=\"_ _0\"></span>iche Contabili, <span class=\"ls35 ws16\">A.1<span class=\"_ _0\"></span> <span class=\"_ _11\"></span></span></span>\u2013 <span class=\"_ _11\"></span><span class=\"ls1c ws67\">Parte g<span class=\"_ _1c\"></span>enerale \u201cS<span class=\"_ _1\"></span>ezione <span class=\"_ _1\"></span>2 <span class=\"ls1 ws1\">- <span class=\"_ _11\"></span><span class=\"ls0 ws86\">Principi gene<span class=\"_ _0\"></span>rali di redazione\u201d</span> </span></span></span>della <span class=\"ls1d ws2b\">present<span class=\"_ _0\"></span>e </span><span class=\"ws15\">Nota integrativa consolidata<span class=\"ls31 ws27\">), s<span class=\"_ _0\"></span>i evidenz<span class=\"_ _0\"></span>ia che, ne<span class=\"_ _0\"></span>l conto econom<span class=\"_ _0\"></span>ico conso<span class=\"_ _0\"></span>lidato </span></span>del Gruppo Anima, i ricavi da considerare a<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>fini dell\u2019I<span class=\"_ _0\"></span>FRS 8<span class=\"ls31 ws1e3\">, come <span class=\"_ _0\"></span>poc<span class=\"ls1 ws1\">\u2019<span class=\"ls2f ws58\">an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>i <span class=\"_ _18\"> </span><span class=\"ls11 ws5\">s<span class=\"_ _0\"></span>egnalato,</span></span> <span class=\"_ _17\"> </span></span><span class=\"ws5c\">sono </span></span>rappresentat<span class=\"_ _0\"></span>i dalle commissioni attive. In par<span class=\"ls1d wsb5\">ti<span class=\"_ _0\"></span>colare<span class=\"_ _0\"></span>, al 31<span class=\"_ _0\"></span> dicem<span class=\"_ _0\"></span>bre 2025<span class=\"ls1 ws1\">, <span class=\"_ _1\"></span><span class=\"ls2f wsae\">c<span class=\"_ _0\"></span>irc<span class=\"_ _0\"></span>a l\u2019<span class=\"_ _0\"></span>88<span class=\"_ _0\"></span>% de<span class=\"_ _0\"></span>l to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> </span></span></span>delle commis<span class=\"_ _0\"></span>sioni attive rile<span class=\"_ _0\"></span>vate derivano dalla gest<span class=\"_ _0\"></span>ione degli OICVM e de<span class=\"_ _0\"></span>i fondi pensione istituit<span class=\"_ _0\"></span>i e gestiti dalle SGR del Gruppo Anima, <span class=\"ls35 ws114\">entrambi s<span class=\"lsf\">ottosc<span class=\"_ _1\"></span>ritti<span class=\"_ _1\"></span> da u<span class=\"_ _1\"></span>n num<span class=\"_ _1c\"></span>ero el<span class=\"_ _1\"></span>evat<span class=\"_ _1\"></span>o di<span class=\"_ _1\"></span> </span></span>sott<span class=\"_ _1\"></span>oscrit<span class=\"_ _1\"></span>tori<span class=\"_ _1\"></span>. <span class=\"_ _0\"></span><span class=\"ls35 ws16\">Inoltre<span class=\"ls1 ws1\">,<span class=\"_ _0\"></span> <span class=\"ls0 ws8c\">s<span class=\"_ _0\"></span>i segnala c<span class=\"_ _0\"></span>he no<span class=\"lsf ws28\">n </span></span></span></span><span class=\"ws6f\">sono pres<span class=\"_ _1c\"></span>enti <span class=\"ls0 ws7e\">ulteriori client<span class=\"_ _0\"></span>i rilevanti che detengono </span></span>pi\u00f9 del 10% dei ricav<span class=\"_ _0\"></span>i.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-654": {
   "value": "Info<span class=\"_ _0\"></span>rmativa su<span class=\"_ _0\"></span>i se<span class=\"_ _0\"></span>ttori operati<span class=\"_ _0\"></span>vi (<span class=\"_ _0\"></span>IFRS 8)<span class=\"ls1 ws1\"> </span>L\u2019attivit<span class=\"_ _0\"></span>\u00e0 del Gruppo Anima, ricon<span class=\"_ _0\"></span>ducibile alle societ<span class=\"_ _0\"></span>\u00e0 controllate operative<span class=\"_ _0\"></span> Anima SGR, <span class=\"ls32 ws5e\">An<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span> </span>Alte<span class=\"_ _1\"></span>rnati<span class=\"_ _1\"></span>ve SGR<span class=\"_ _1c\"></span>, Kairo<span class=\"_ _1\"></span>s SGR, C<span class=\"_ _1\"></span>astel<span class=\"_ _1\"></span>lo SG<span class=\"_ _1\"></span>R e sua c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>olla<span class=\"_ _1\"></span>ta, ci<span class=\"_ _1\"></span>ascuna<span class=\"_ _1c\"></span> <span class=\"_ _0\"></span>sp<span class=\"_ _1\"></span>ecial<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ta nell<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span> promo<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne e ge<span class=\"_ _1\"></span>stion<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> prodot<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>i fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1\"></span>ari, <span class=\"_ _1\"></span>fa rif<span class=\"_ _1\"></span>erim<span class=\"_ _1\"></span>ento a<span class=\"_ _1\"></span>d un u<span class=\"_ _1\"></span>nico s<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span>re op<span class=\"_ _1\"></span>erativ<span class=\"_ _1\"></span>o. Infa<span class=\"_ _1\"></span>tti, la<span class=\"_ _1\"></span> natura<span class=\"_ _1\"></span> dei<span class=\"_ _1\"></span> prodo<span class=\"_ _1c\"></span>tti e servi<span class=\"_ _1\"></span>zi of<span class=\"_ _1\"></span>ferti<span class=\"_ _1\"></span>, la st<span class=\"_ _1\"></span>ruttu<span class=\"_ _1\"></span>ra dei <span class=\"lse ws5b\">processi di gestione e<span class=\"_ _0\"></span>d operativi </span>nonch\u00e9 la tipologia della cliente<span class=\"_ _0\"></span>la non presentano aspetti di differenziazione ta<span class=\"_ _0\"></span>li da<span class=\"_ _4ac\"> </span><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsf6 gs506\">deter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>re ris<span class=\"_ _1\"></span>chi o b<span class=\"_ _1c\"></span>enefici d<span class=\"_ _1\"></span>ive<span class=\"_ _1\"></span>rsi ma, a<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>trari<span class=\"_ _1\"></span>o, pres<span class=\"_ _1c\"></span>entano <span class=\"_ _1\"></span>molti<span class=\"_ _1\"></span> asp<span class=\"_ _1\"></span>etti si<span class=\"_ _1\"></span>mila<span class=\"_ _1\"></span>ri e di<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gs507\">corre<span class=\"_ _0\"></span>lazion<span class=\"_ _0\"></span>e tra loro<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsbd gs508\">Tutt<span class=\"_ _1\"></span>e le s<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> Grupp<span class=\"_ _1c\"></span>o Anima s<span class=\"_ _1\"></span>ono i<span class=\"_ _1c\"></span>ndivid<span class=\"_ _1\"></span>uate so<span class=\"_ _1\"></span>tto u<span class=\"_ _1c\"></span>n\u2019unica<span class=\"_ _1\"></span> CGU, c<span class=\"_ _1c\"></span>omples<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs509\">dedicata alla<span class=\"_ _0\"></span> gestione del ris<span class=\"_ _0\"></span>parmio e in gra<span class=\"_ _0\"></span>do di generare flussi di re<span class=\"_ _0\"></span>ddito e di cassa, con<span class=\"_ _4ac\"> </span> </div>un\u2019espos<span class=\"_ _0\"></span>izione dei risultati e delle per<span class=\"_ _0\"></span>formance aziendali che non prevede un reporting separa<span class=\"_ _1c\"></span>to (\u201csegme<span class=\"_ _1c\"></span>nt reporti<span class=\"_ _1\"></span>ng\u201d)<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Cons<span class=\"_ _1\"></span>egue<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e, le i<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mazio<span class=\"_ _1\"></span>ni c<span class=\"_ _1\"></span>ontabi<span class=\"_ _1\"></span>li n<span class=\"_ _1\"></span>on so<span class=\"_ _1\"></span>no sta<span class=\"_ _1\"></span>te pr<span class=\"_ _1c\"></span>esenta<span class=\"_ _1\"></span>te in f<span class=\"_ _1\"></span>orma<span class=\"_ _1\"></span> disti<span class=\"_ _1c\"></span>nta per<span class=\"_ _1c\"></span> sett<span class=\"_ _1\"></span>ori opera<span class=\"_ _1c\"></span>tivi, co<span class=\"_ _1\"></span>erente<span class=\"_ _1c\"></span>mente co<span class=\"_ _1\"></span>n il sis<span class=\"_ _1\"></span>tema d<span class=\"_ _1\"></span>i repo<span class=\"_ _1\"></span>rting<span class=\"_ _1\"></span> intern<span class=\"_ _1\"></span>o util<span class=\"_ _1c\"></span>izzato da<span class=\"_ _1\"></span>l manag<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent e basato sui dat<span class=\"_ _0\"></span>i contabili delle sudde<span class=\"_ _0\"></span>tte societ<span class=\"_ _0\"></span>\u00e0 utilizzati per la redazione<span class=\"_ _0\"></span> del Bilancio cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ato r<span class=\"_ _1\"></span>edat<span class=\"_ _1\"></span>to se<span class=\"_ _1\"></span>cond<span class=\"_ _1\"></span>o cri<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span> IFR<span class=\"_ _1\"></span>S.<span class=\"ls1 ws1\"> </span>Anal<span class=\"_ _1\"></span>oga<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span>, non<span class=\"_ _1\"></span> vengo<span class=\"_ _1c\"></span>no forni<span class=\"_ _1c\"></span>te infor<span class=\"_ _1\"></span>maz<span class=\"_ _1\"></span>ioni in <span class=\"_ _1c\"></span>merito a <span class=\"_ _1c\"></span>ricavi <span class=\"_ _1\"></span>da cl<span class=\"_ _1\"></span>ienti<span class=\"_ _1\"></span> e attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> non<span class=\"_ _1\"></span> correnti distint<span class=\"_ _0\"></span>i per area geografica,<span class=\"_ _0\"></span> n\u00e9 informazioni circa il grado di dipendenza<span class=\"_ _0\"></span> dai clienti medesimi, in qu<span class=\"_ _0\"></span>anto ritenute di scarsa rilevanza informat<span class=\"_ _0\"></span>iva dal man<span class=\"ls35 ws16\">agement.<span class=\"ls1 ws1\"> </span></span>Perta<span class=\"_ _1\"></span>nto, <span class=\"_ _1\"></span>esse<span class=\"_ _1\"></span>ndoci d<span class=\"_ _1\"></span>i fa<span class=\"_ _1\"></span>tto un<span class=\"_ _1\"></span> unic<span class=\"_ _1\"></span>o sett<span class=\"_ _1\"></span>ore og<span class=\"_ _1\"></span>gett<span class=\"_ _1\"></span>o di inf<span class=\"_ _1c\"></span>ormativ<span class=\"_ _1\"></span>a, p<span class=\"_ _1\"></span>er qua<span class=\"_ _1\"></span>nto rig<span class=\"_ _1c\"></span>uarda l<span class=\"_ _1\"></span>e informazioni in merito ai ricavi da clienti distint<span class=\"_ _0\"></span>i per prodotto/servizio si pu\u00f2 fare riferimento<span class=\"_ _0\"></span> al dettaglio delle commissio<span class=\"_ _0\"></span>ni attive riportato nell\u2019ambito de<span class=\"_ _0\"></span>ll<span class=\"ls31 ws27\">e informaz<span class=\"_ _0\"></span>ioni su<span class=\"_ _0\"></span>l conto econo<span class=\"_ _0\"></span>mico </span>della presente<span class=\"_ _0\"></span> Nota integrativa consolidat<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span>Come <span class=\"_ _1\"></span>richia<span class=\"_ _1\"></span>mato a<span class=\"_ _1\"></span>nche n<span class=\"_ _1\"></span>el P<span class=\"_ _1\"></span>ubblic<span class=\"_ _1\"></span> State<span class=\"_ _1\"></span>ment del<span class=\"_ _1\"></span> 14 o<span class=\"_ _1\"></span>ttobre <span class=\"_ _1\"></span>2025 d<span class=\"_ _1\"></span>ell\u2019E<span class=\"_ _1\"></span>SMA <span class=\"ls35 ws16\">\u201cEuropean </span>comm<span class=\"_ _1\"></span>on enf<span class=\"_ _1c\"></span>orcemen<span class=\"_ _1\"></span>t pri<span class=\"_ _1\"></span>oritie<span class=\"_ _1\"></span>s for 2<span class=\"_ _1c\"></span>025 corp<span class=\"_ _1c\"></span>orate rep<span class=\"_ _1\"></span>orti<span class=\"_ _1\"></span>ng\u201d<span class=\"ls1 ws1\"> <span class=\"_ _d\"></span><span class=\"ls2f wsae\">(<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>inv<span class=\"_ _0\"></span>ia<span class=\"ls1 ws1\"> <span class=\"_ _1\"></span><span class=\"ls30 ws18b\">a quant<span class=\"_ _1\"></span>o ripor<span class=\"_ _1\"></span>tato nel<span class=\"_ _1\"></span>la </span></span></span></span>Parte A <span class=\"ls1 ws1\">\u2013 <span class=\"_ _11\"></span><span class=\"ls0 ws86\">Polit<span class=\"_ _0\"></span>iche Contabili, <span class=\"ls35 ws16\">A.1<span class=\"_ _0\"></span> <span class=\"_ _11\"></span></span></span>\u2013 <span class=\"_ _11\"></span><span class=\"ls1c ws67\">Parte g<span class=\"_ _1c\"></span>enerale \u201cS<span class=\"_ _1\"></span>ezione <span class=\"_ _1\"></span>2 <span class=\"ls1 ws1\">- <span class=\"_ _11\"></span><span class=\"ls0 ws86\">Principi gene<span class=\"_ _0\"></span>rali di redazione\u201d</span> </span></span></span>della <span class=\"ls1d ws2b\">present<span class=\"_ _0\"></span>e </span><span class=\"ws15\">Nota integrativa consolidata<span class=\"ls31 ws27\">), s<span class=\"_ _0\"></span>i evidenz<span class=\"_ _0\"></span>ia che, ne<span class=\"_ _0\"></span>l conto econom<span class=\"_ _0\"></span>ico conso<span class=\"_ _0\"></span>lidato </span></span>del Gruppo Anima, i ricavi da considerare a<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>fini dell\u2019I<span class=\"_ _0\"></span>FRS 8<span class=\"ls31 ws1e3\">, come <span class=\"_ _0\"></span>poc<span class=\"ls1 ws1\">\u2019<span class=\"ls2f ws58\">an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>i <span class=\"_ _18\"> </span><span class=\"ls11 ws5\">s<span class=\"_ _0\"></span>egnalato,</span></span> <span class=\"_ _17\"> </span></span><span class=\"ws5c\">sono </span></span>rappresentat<span class=\"_ _0\"></span>i dalle commissioni attive. In par<span class=\"ls1d wsb5\">ti<span class=\"_ _0\"></span>colare<span class=\"_ _0\"></span>, al 31<span class=\"_ _0\"></span> dicem<span class=\"_ _0\"></span>bre 2025<span class=\"ls1 ws1\">, <span class=\"_ _1\"></span><span class=\"ls2f wsae\">c<span class=\"_ _0\"></span>irc<span class=\"_ _0\"></span>a l\u2019<span class=\"_ _0\"></span>88<span class=\"_ _0\"></span>% de<span class=\"_ _0\"></span>l to<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> </span></span></span>delle commis<span class=\"_ _0\"></span>sioni attive rile<span class=\"_ _0\"></span>vate derivano dalla gest<span class=\"_ _0\"></span>ione degli OICVM e de<span class=\"_ _0\"></span>i fondi pensione istituit<span class=\"_ _0\"></span>i e gestiti dalle SGR del Gruppo Anima, <span class=\"ls35 ws114\">entrambi s<span class=\"lsf\">ottosc<span class=\"_ _1\"></span>ritti<span class=\"_ _1\"></span> da u<span class=\"_ _1\"></span>n num<span class=\"_ _1c\"></span>ero el<span class=\"_ _1\"></span>evat<span class=\"_ _1\"></span>o di<span class=\"_ _1\"></span> </span></span>sott<span class=\"_ _1\"></span>oscrit<span class=\"_ _1\"></span>tori<span class=\"_ _1\"></span>. <span class=\"_ _0\"></span><span class=\"ls35 ws16\">Inoltre<span class=\"ls1 ws1\">,<span class=\"_ _0\"></span> <span class=\"ls0 ws8c\">s<span class=\"_ _0\"></span>i segnala c<span class=\"_ _0\"></span>he no<span class=\"lsf ws28\">n </span></span></span></span><span class=\"ws6f\">sono pres<span class=\"_ _1c\"></span>enti <span class=\"ls0 ws7e\">ulteriori client<span class=\"_ _0\"></span>i rilevanti che detengono </span></span>pi\u00f9 del 10% dei ricav<span class=\"_ _0\"></span>i.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-624": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gs50b\">Util<span class=\"_ _0\"></span>e per azi<span class=\"_ _0\"></span>one<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs50c\">L\u2019utile<span class=\"_ _0\"></span> per azione \u00e8 stato calc<span class=\"_ _0\"></span>olato dividendo<span class=\"_ _0\"></span> l\u2019utile netto<span class=\"_ _0\"></span> consolidato dell\u2019eserc<span class=\"_ _0\"></span>izio di riferimento </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs50d\">per la<span class=\"_ _1\"></span> media<span class=\"_ _1\"></span> pond<span class=\"_ _1c\"></span>erata d<span class=\"_ _1\"></span>elle az<span class=\"_ _1\"></span>ioni <span class=\"_ _1\"></span>ordi<span class=\"_ _1\"></span>narie i<span class=\"_ _1c\"></span>n circol<span class=\"_ _1\"></span>azio<span class=\"_ _1\"></span>ne.<span class=\"ls1 ws1\"> </span></div><div class=\"gs50e\"><table class=\"s w58c h44e\" id=\"_1803be03-1575-4797-834f-ba7711a41aea\"><tr><td></td><td class=\"c x60d y35a5 w58d h44f\"><div class=\"t m20 x1fa h16c y35a4 ff2 fs2c fc0 sc0 ls16f ws3aa\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x60e y35a5 w58e h44f\"><div class=\"t m20 x1fa h16c y35a4 ff2 fs2c fc0 sc0 ls16f ws3aa\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35a6 w58f h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls170 ws3ab\">Media p<span class=\"_ _1\"></span>onder<span class=\"_ _1\"></span>ata azioni (n<span class=\"_ _1\"></span>umero)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x60f y35a6 w590 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">323.327.<span class=\"_ _0\"></span>638<span class=\"_ _4ac\"> </span></div></td><td class=\"c x611 y35a6 w591 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">323.327.638<span class=\"_ _225\"></span><span class=\"ls1 ws3ad\">    <span class=\"ws1\"> <span class=\"_ _ac\"> </span><span class=\"ls172 ws3ae\">(<span class=\"_ _4ac\"> </span></span></span></span></div><div class=\"t m20 x610 h16c y35a4 ff1 fs2c fc0 sc0 ls172 ws3ae\">*)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35a7 w592 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls170 ws3ab\">Risultato (euro)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x612 y35a7 w593 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">266.243.006<span class=\"_ _4ac\"> </span></div></td><td class=\"c x613 y35a7 w594 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">229.899.911<span class=\"_ _228\"></span><span class=\"ls1 ws3ad\">    <span class=\"ws1\"> <span class=\"_ _ac\"> </span><span class=\"ls172 ws3ae\">(**)<span class=\"_ _4ac\"> </span></span></span></span></div></td></tr><tr><td class=\"c x212 y35a8 w595 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls173 ws3af\">U<span class=\"_ _0\"></span>tile ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e per azione  (euro<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x614 y35a8 w596 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">0,<span class=\"_ _0\"></span>82344648<span class=\"_ _4ac\"> </span></div></td><td class=\"c x615 y35a8 w596 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">0,<span class=\"_ _0\"></span>71104318<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35a9 w597 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls170 ws3ab\">Media p<span class=\"_ _1\"></span>onder<span class=\"_ _1\"></span>ata azioni d<span class=\"_ _1\"></span>iluita (numero)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x616 y35a9 w593 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">325.215.817<span class=\"_ _4ac\"> </span></div></td><td class=\"c x617 y35a9 w598 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">325.215.817<span class=\"_ _225\"></span><span class=\"ls1 ws3ad\">    <span class=\"ws1\"> <span class=\"_ _ac\"> </span><span class=\"ls172 ws3ae\">(*)<span class=\"_ _4ac\"> </span></span></span></span></div></td></tr><tr><td class=\"c x212 y35aa w592 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls170 ws3ab\">Risultato (euro)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x612 y35aa w593 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">266.243.006<span class=\"_ _4ac\"> </span></div></td><td class=\"c x613 y35aa w594 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">229.899.911<span class=\"_ _228\"></span><span class=\"ls1 ws3ad\">    <span class=\"ws1\"> <span class=\"_ _ac\"> </span><span class=\"ls172 ws3ae\">(**)<span class=\"_ _4ac\"> </span></span></span></span></div></td></tr><tr><td class=\"c x212 y345e w599 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls170 ws3ab\">Utile diluito per<span class=\"_ _1\"></span> azione<span class=\"_ _1\"></span>  (euro)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x618 y345e w59a h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">0,818665612<span class=\"_ _4ac\"> </span></div></td><td class=\"c x619 y345e w59b h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">0,<span class=\"_ _0\"></span>706914913<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16d ws3a4 gs50f\">(*) Il da<span class=\"_ _1\"></span>to riferito al 31 dicembre 2024 \u00e8 riesposto per te<span class=\"_ _1\"></span>nere in considerazio<span class=\"_ _1\"></span>ne le operazioni sul capitale ch<span class=\"_ _1\"></span>e hanno avuto luogo<span class=\"_ _1\"></span> nel corso del 202<span class=\"ls1 ws1\">5 </span></div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16d ws3a5 gs510\">(cos\u00ec come previsto da<span class=\"_ _1\"></span>llo IAS 33).<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16d ws3a6 gs511\">(**) Dati resta<span class=\"_ _1\"></span>ted per effetto della PPA di Kairos SGR e della PPA rilevata<span class=\"_ _1\"></span> da Vita Srl, si rinvia a quanto esposto nella No<span class=\"_ _1\"></span>ta integrativa consolida<span class=\"_ _1\"></span>ta, Parte </div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16e ws3a7 gs512\">A <span class=\"ls1 ws1\">- <span class=\"ls16d ws3a5\">Politiche Contabili,<span class=\"_ _1\"></span> Altre Informaz<span class=\"_ _1\"></span>ioni paragrafo \"<span class=\"_ _1\"></span>Restatement Bilancio 2<span class=\"_ _1\"></span>024\".<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws95 gs514\">La med<span class=\"_ _1\"></span>ia po<span class=\"_ _1\"></span>ndera<span class=\"_ _1\"></span>ta del<span class=\"_ _1\"></span>le azio<span class=\"_ _1\"></span>ni dil<span class=\"_ _1\"></span>uite (<span class=\"_ _1\"></span>che nell<span class=\"_ _1c\"></span>e preced<span class=\"_ _1\"></span>enti r<span class=\"_ _1\"></span>endic<span class=\"_ _1\"></span>ontazi<span class=\"_ _1\"></span>oni ten<span class=\"_ _1\"></span>eva co<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>egli<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10a gs515\">effett<span class=\"_ _0\"></span>i diluitivi derivanti dal LTIP 21<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"ls1c ws12c\">23, da<span class=\"_ _1\"></span>l LTIP 24<span class=\"_ _1\"></span><span class=\"ls1 ws1\">-<span class=\"ls1c wsa3\">26), al <span class=\"_ _1\"></span>31 dic<span class=\"_ _1c\"></span>embre 202<span class=\"_ _1\"></span>5 risp<span class=\"_ _1\"></span>ecchi<span class=\"_ _1\"></span>a </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws3a8 gs516\">punt<span class=\"_ _1c\"></span>ualment<span class=\"_ _1\"></span>e il <span class=\"_ _1\"></span>nume<span class=\"_ _1\"></span>ro di<span class=\"_ _1\"></span> azio<span class=\"_ _1\"></span>ni ord<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>rie i<span class=\"_ _1c\"></span>n circol<span class=\"_ _1\"></span>azio<span class=\"_ _1c\"></span>ne prese<span class=\"_ _1c\"></span>nti<span class=\"ls1 ws1\"> <span class=\"_ _105\"> </span><span class=\"ls30 ws3a9\">sul<span class=\"_ _1\"></span> merca<span class=\"_ _1\"></span>to,<span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs517\">rappresentat<span class=\"_ _0\"></span>ive l\u2019intero<span class=\"_ _0\"></span> capitale <span class=\"_ _0\"></span>sociale.  <span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-24": {
   "value": "Util<span class=\"_ _0\"></span>e per azi<span class=\"_ _0\"></span>one<span class=\"ls1 ws1\"> </span>L\u2019utile<span class=\"_ _0\"></span> per azione \u00e8 stato calc<span class=\"_ _0\"></span>olato dividendo<span class=\"_ _0\"></span> l\u2019utile netto<span class=\"_ _0\"></span> consolidato dell\u2019eserc<span class=\"_ _0\"></span>izio di riferimento per la<span class=\"_ _1\"></span> media<span class=\"_ _1\"></span> pond<span class=\"_ _1c\"></span>erata d<span class=\"_ _1\"></span>elle az<span class=\"_ _1\"></span>ioni <span class=\"_ _1\"></span>ordi<span class=\"_ _1\"></span>narie i<span class=\"_ _1c\"></span>n circol<span class=\"_ _1\"></span>azio<span class=\"_ _1\"></span>ne.<span class=\"ls1 ws1\"> </span><table class=\"s w58c h44e\" id=\"_1803be03-1575-4797-834f-ba7711a41aea\"><tr><td></td><td class=\"c x60d y35a5 w58d h44f\"><div class=\"t m20 x1fa h16c y35a4 ff2 fs2c fc0 sc0 ls16f ws3aa\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x60e y35a5 w58e h44f\"><div class=\"t m20 x1fa h16c y35a4 ff2 fs2c fc0 sc0 ls16f ws3aa\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35a6 w58f h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls170 ws3ab\">Media p<span class=\"_ _1\"></span>onder<span class=\"_ _1\"></span>ata azioni (n<span class=\"_ _1\"></span>umero)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x60f y35a6 w590 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">323.327.<span class=\"_ _0\"></span>638<span class=\"_ _4ac\"> </span></div></td><td class=\"c x611 y35a6 w591 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">323.327.638<span class=\"_ _225\"></span><span class=\"ls1 ws3ad\">    <span class=\"ws1\"> <span class=\"_ _ac\"> </span><span class=\"ls172 ws3ae\">(<span class=\"_ _4ac\"> </span></span></span></span></div><div class=\"t m20 x610 h16c y35a4 ff1 fs2c fc0 sc0 ls172 ws3ae\">*)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35a7 w592 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls170 ws3ab\">Risultato (euro)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x612 y35a7 w593 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">266.243.006<span class=\"_ _4ac\"> </span></div></td><td class=\"c x613 y35a7 w594 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">229.899.911<span class=\"_ _228\"></span><span class=\"ls1 ws3ad\">    <span class=\"ws1\"> <span class=\"_ _ac\"> </span><span class=\"ls172 ws3ae\">(**)<span class=\"_ _4ac\"> </span></span></span></span></div></td></tr><tr><td class=\"c x212 y35a8 w595 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls173 ws3af\">U<span class=\"_ _0\"></span>tile ba<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e per azione  (euro<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x614 y35a8 w596 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">0,<span class=\"_ _0\"></span>82344648<span class=\"_ _4ac\"> </span></div></td><td class=\"c x615 y35a8 w596 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">0,<span class=\"_ _0\"></span>71104318<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35a9 w597 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls170 ws3ab\">Media p<span class=\"_ _1\"></span>onder<span class=\"_ _1\"></span>ata azioni d<span class=\"_ _1\"></span>iluita (numero)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x616 y35a9 w593 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">325.215.817<span class=\"_ _4ac\"> </span></div></td><td class=\"c x617 y35a9 w598 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">325.215.817<span class=\"_ _225\"></span><span class=\"ls1 ws3ad\">    <span class=\"ws1\"> <span class=\"_ _ac\"> </span><span class=\"ls172 ws3ae\">(*)<span class=\"_ _4ac\"> </span></span></span></span></div></td></tr><tr><td class=\"c x212 y35aa w592 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls170 ws3ab\">Risultato (euro)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x612 y35aa w593 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">266.243.006<span class=\"_ _4ac\"> </span></div></td><td class=\"c x613 y35aa w594 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">229.899.911<span class=\"_ _228\"></span><span class=\"ls1 ws3ad\">    <span class=\"ws1\"> <span class=\"_ _ac\"> </span><span class=\"ls172 ws3ae\">(**)<span class=\"_ _4ac\"> </span></span></span></span></div></td></tr><tr><td class=\"c x212 y345e w599 h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls170 ws3ab\">Utile diluito per<span class=\"_ _1\"></span> azione<span class=\"_ _1\"></span>  (euro)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x618 y345e w59a h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">0,818665612<span class=\"_ _4ac\"> </span></div></td><td class=\"c x619 y345e w59b h44f\"><div class=\"t m20 x1fa h16c y35a4 ff1 fs2c fc0 sc0 ls171 ws3ac\">0,<span class=\"_ _0\"></span>706914913<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) Il da<span class=\"_ _1\"></span>to riferito al 31 dicembre 2024 \u00e8 riesposto per te<span class=\"_ _1\"></span>nere in considerazio<span class=\"_ _1\"></span>ne le operazioni sul capitale ch<span class=\"_ _1\"></span>e hanno avuto luogo<span class=\"_ _1\"></span> nel corso del 202<span class=\"ls1 ws1\">5 </span>(cos\u00ec come previsto da<span class=\"_ _1\"></span>llo IAS 33).<span class=\"ls1 ws1\"> </span>(**) Dati resta<span class=\"_ _1\"></span>ted per effetto della PPA di Kairos SGR e della PPA rilevata<span class=\"_ _1\"></span> da Vita Srl, si rinvia a quanto esposto nella No<span class=\"_ _1\"></span>ta integrativa consolida<span class=\"_ _1\"></span>ta, Parte A <span class=\"ls1 ws1\">- <span class=\"ls16d ws3a5\">Politiche Contabili,<span class=\"_ _1\"></span> Altre Informaz<span class=\"_ _1\"></span>ioni paragrafo \"<span class=\"_ _1\"></span>Restatement Bilancio 2<span class=\"_ _1\"></span>024\".<span class=\"ls1 ws1\"> </span></span></span>La med<span class=\"_ _1\"></span>ia po<span class=\"_ _1\"></span>ndera<span class=\"_ _1\"></span>ta del<span class=\"_ _1\"></span>le azio<span class=\"_ _1\"></span>ni dil<span class=\"_ _1\"></span>uite (<span class=\"_ _1\"></span>che nell<span class=\"_ _1c\"></span>e preced<span class=\"_ _1\"></span>enti r<span class=\"_ _1\"></span>endic<span class=\"_ _1\"></span>ontazi<span class=\"_ _1\"></span>oni ten<span class=\"_ _1\"></span>eva co<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>egli<span class=\"_ _1\"></span> effett<span class=\"_ _0\"></span>i diluitivi derivanti dal LTIP 21<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"ls1c ws12c\">23, da<span class=\"_ _1\"></span>l LTIP 24<span class=\"_ _1\"></span><span class=\"ls1 ws1\">-<span class=\"ls1c wsa3\">26), al <span class=\"_ _1\"></span>31 dic<span class=\"_ _1c\"></span>embre 202<span class=\"_ _1\"></span>5 risp<span class=\"_ _1\"></span>ecchi<span class=\"_ _1\"></span>a </span></span></span></span>punt<span class=\"_ _1c\"></span>ualment<span class=\"_ _1\"></span>e il <span class=\"_ _1\"></span>nume<span class=\"_ _1\"></span>ro di<span class=\"_ _1\"></span> azio<span class=\"_ _1\"></span>ni ord<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>rie i<span class=\"_ _1c\"></span>n circol<span class=\"_ _1\"></span>azio<span class=\"_ _1c\"></span>ne prese<span class=\"_ _1c\"></span>nti<span class=\"ls1 ws1\"> <span class=\"_ _105\"> </span><span class=\"ls30 ws3a9\">sul<span class=\"_ _1\"></span> merca<span class=\"_ _1\"></span>to,<span class=\"_ _1\"></span> </span></span>rappresentat<span class=\"_ _0\"></span>ive l\u2019intero<span class=\"_ _0\"></span> capitale <span class=\"_ _0\"></span>sociale.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-25": {
   "value": "Sezione 1 <span class=\"ls1 ws1\">- <span class=\"lsb ws11\">Cassa e <span class=\"ls24 wsd7\">disp<span class=\"_ _1\"></span>onibilit<span class=\"_ _1\"></span>\u00e0 liq<span class=\"_ _1\"></span>uide <span class=\"ls1 ws1\">-<span class=\"_ _1\"></span><span class=\"ls22 wsd8\">Voce 10<span class=\"ls1 ws1\"> </span></span></span></span></span></span><table class=\"s w59c h450\" id=\"_9b58aa90-dfcf-41d6-9147-6c9394463e88\"><tr><td></td><td class=\"c x61b y35ac w59d h451\"><div class=\"t m21 x1fa h16e y35ab ff2 fs2d fc0 sc0 ls174 ws3b3\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025</div></td><td class=\"c x61c y35ac w59e h451\"><div class=\"t m21 x1fa h16e y35ab ff2 fs2d fc0 sc0 ls174 ws3b3\">31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ad w59f h451\"><div class=\"t m21 x1fa h16e y35ab ff1 fs2d fc0 sc0 ls175 ws3b4\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>a c<span class=\"_ _0\"></span>ontanti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x61d y35ad w5a0 h451\"><div class=\"t m21 x1fa h16e y35ab ff1 fs2d fc0 sc0 ls176 ws3b5\">50<span class=\"_ _4ac\"> </span></div></td><td class=\"c x61e y35ad w5a0 h451\"><div class=\"t m21 x1fa h16e y35ab ff1 fs2d fc0 sc0 ls176 ws3b5\">19<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ae w5a1 h451\"><div class=\"t m21 x1fa h16e y35ab ff1 fs2d fc0 sc0 ls177 ws3b7\">Depos<span class=\"_ _0\"></span>iti e conti c<span class=\"_ _0\"></span>orrenti a<span class=\"_ _1\"></span> vis<span class=\"_ _0\"></span>ta<span class=\"_ _4ac\"> </span></div></td><td class=\"c x61f y35ae w5a2 h451\"><div class=\"t m21 x1fa h16e y35ab ff1 fs2d fc0 sc0 ls176 ws3b5\">569.844<span class=\"_ _4ac\"> </span></div></td><td class=\"c x620 y35ae w5a3 h451\"><div class=\"t m21 x1fa h16e y35ab ff1 fs2d fc0 sc0 ls176 ws3b5\">306.864<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w5a4 h451\"><div class=\"t m21 x1fa h16e y35ab ff2 fs2d fc0 sc0 ls178 ws3b8\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x621 y345e w5a5 h451\"><div class=\"t m21 x1fa h16e y35ab ff2 fs2d fc0 sc0 ls174 ws3b3\">569.<span class=\"_ _0\"></span>894</div></td><td class=\"c x622 y35af w132 h16d\"><div class=\"t m21 x70 h16e y1a0c ff2 fs2d fc0 sc0 ls1 ws1\"> <span class=\"_ _22c\"> </span><span class=\"ls174 ws3b3\">306.883<span class=\"_ _22d\"></span><span class=\"ls1 ws3b6\">        <span class=\"ws1\"> </span></span></span></div></td></tr></table>Nella tabe<span class=\"_ _0\"></span>lla sono rappresentati sia il denaro<span class=\"_ _0\"></span> contante presente nella cass<span class=\"_ _0\"></span>a sia i depositi di cont<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e a vis<span class=\"_ _1c\"></span>ta aper<span class=\"_ _1c\"></span>ti press<span class=\"_ _1\"></span>o pri<span class=\"_ _1c\"></span>mari isti<span class=\"_ _1c\"></span>tuti di<span class=\"_ _1\"></span> credi<span class=\"_ _1c\"></span>to.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-625": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 ws3b1 gs519\">Sezione 2<span class=\"ls1 ws1\">-<span class=\"ls44 ws3b2\">Atti<span class=\"_ _0\"></span>vit\u00e0 f<span class=\"_ _0\"></span>inanzi<span class=\"_ _0\"></span>arie val<span class=\"_ _0\"></span>utate al<span class=\"_ _0\"></span> fair v<span class=\"_ _0\"></span>alue co<span class=\"_ _0\"></span>n impatto<span class=\"_ _0\"></span> a cont<span class=\"_ _0\"></span>o </span></span></div><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls26 ws4b gs51a\">economico <span class=\"ls1 ws1\">-<span class=\"ls22 wsd8\">Voce 20</span> </span></div><div class=\"t m0 h2 ff5 fs0 fc0 sc0 ls11 ws172 gs51b\">2<span class=\"_ _0\"></span>.5<span class=\"_ _0\"></span> A<span class=\"_ _11\"></span>ltr<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _13\"></span>anz<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>b<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>ato<span class=\"_ _13\"></span>riam<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> valu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span> al f<span class=\"_ _0\"></span>air v<span class=\"_ _13\"></span>alue<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> m<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"ff1 ls1 ws1\"> </span></div><div class=\"gs51c\"><table class=\"s w5a6 h452\" id=\"_cb25baf3-b67c-4f8d-a26c-93770c301ad7\"><tr><td></td><td></td><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x5e h170 y1a0e ff2 fs2e fc0 sc0 ls179 ws3b9\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x625 y35b1 w134 h171\"><div class=\"t m22 xa1 h170 y1a1a ff2 fs2e fc0 sc0 ls179 ws3b9\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35b3 w5a7 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17a ws3ba\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x626 y35b3 w5a8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x627 y35b3 w5a8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x628 y35b3 w5a9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x629 y35b3 w5aa h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62a y35b3 w5a9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62b y35b3 w5aa h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35b4 w5ab h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17c ws3bc\">1.<span class=\"_ _1\"></span> Titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62c y35b4 w5ac h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">4.981<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62d y35b4 w5ad h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62e y35b4 w5ad h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62f y35b4 w5ae h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4ac\"> </span></div></td><td class=\"c x630 y35b4 w5af h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x631 y35b4 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x24 h170 y1a11 ff1 fs2e fc0 sc0 ls17c ws3bc\">1.<span class=\"_ _1\"></span>1 Titoli struttura<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y35b5 w5b1 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17c ws3bc\">1.<span class=\"_ _1\"></span>2 Altri titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td class=\"c x632 y35b5 w5ac h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">4.981<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x633 y35b5 w5b2 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">23.849<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y35b6 w5b3 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17c ws3bc\">2.<span class=\"_ _1\"></span> Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x634 y35b6 w5b4 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x635 y35b6 w5b5 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35b7 w5b6 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17e ws3bf\">3. Q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>e di O<span class=\"_ _13\"></span>.I<span class=\"_ _0\"></span>.C<span class=\"_ _0\"></span>.R.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x636 y35b7 w5b7 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">53.873<span class=\"_ _4ac\"> </span></div></td><td class=\"c x637 y35b7 w5b8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x638 y35b7 w5b2 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">64.148<span class=\"_ _4ac\"> </span></div></td><td class=\"c x639 y35b7 w5b9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">54.087<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63a y35b7 w5ba h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63b y35b7 w5b9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">41.269<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35b8 w5bb h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17f ws3c0\">4. Finanziam<span class=\"_ _13\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63c y35b8 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63d y35b8 w5ad h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63e y35b8 w5af h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63f y35b8 w5af h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x640 y35b8 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x641 y35b8 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x24 h170 y1a16 ff1 fs2e fc0 sc0 ls17c ws3bc\">4.<span class=\"_ _1\"></span>1 Pron<span class=\"_ _1\"></span>ti c<span class=\"_ _0\"></span>ontro te<span class=\"_ _1\"></span>rm<span class=\"_ _0\"></span>ine<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x24 h170 y1a17 ff1 fs2e fc0 sc0 ls17d ws3c1\">4.2 A<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w5bc h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17a ws3ba\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x642 y345e w5bd h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">58.854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x643 y345e w5b8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x644 y345e w5be h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">64.<span class=\"_ _0\"></span>150<span class=\"_ _4ac\"> </span></div></td><td class=\"c x645 y345e w5bf h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">77.<span class=\"_ _13\"></span>936<span class=\"_ _4ac\"> </span></div></td><td class=\"c x646 y345e w5c0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x647 y345e w5c1 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">41.<span class=\"_ _0\"></span>271<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 hb ff2 fs8 fc0 sc0 ls1e ws34a gs51d\">Legend<span class=\"_ _1c\"></span>a:<span class=\"ff1 ls1 ws1\"> <span class=\"ls18 ws22\">L1= Live<span class=\"_ _0\"></span>llo 1; L2= L<span class=\"_ _0\"></span>ivello 2; L<span class=\"_ _0\"></span>3= Livello 3.<span class=\"_ _0\"></span> </span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs51f\">I titoli di de<span class=\"_ _0\"></span>bito in portafoglio si riferiscono<span class=\"_ _0\"></span> ai BOT detenuti da Anima SGR. Le quote di O.I.C.R. </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs520\">si riferisco<span class=\"_ _0\"></span>no principalmente a (i) quote di fondi ist<span class=\"_ _0\"></span>ituiti o gestit<span class=\"_ _0\"></span>i da Anima SGR per circa Euro </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs521\">49,1 milion<span class=\"_ _0\"></span>i<span class=\"ws77\">, (ii) quote di OICVM e di<span class=\"_ _1\"></span> FIA istituiti o gestiti da Kairos SGR per circa Euro 5,1 milioni,<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gs522\">(iii) quote dei FIA gest<span class=\"_ _0\"></span>iti da Anima Alternative SGR per Euro 19,8 milioni, (iv) quote di FIA </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs523\">immobiliari ge<span class=\"_ _0\"></span>stiti da Castello SGR<span class=\"_ _0\"></span> per Euro 38,1 milioni<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"lse ws57\">(v) quote di FIA ges<span class=\"_ _0\"></span>titi  da BPM I<span class=\"_ _0\"></span>nvest </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gs524\">SGR<span class=\"_ _0\"></span> per Euro 4,<span class=\"_ _0\"></span>1<span class=\"ls1 ws1\"> <span class=\"ls0 ws0\">milioni e (vi) quote di <span class=\"ls30 ws27\">FIA ge<span class=\"_ _1\"></span>stiti d<span class=\"_ _1\"></span>a SGR<span class=\"_ _1\"></span> terz<span class=\"_ _1\"></span>e per ci<span class=\"_ _1c\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,1 <span class=\"_ _1\"></span>milio<span class=\"_ _1\"></span>ni<span class=\"lsf ws28\">. <span class=\"ls1 ws1\"> </span></span></span></span></span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws3c3 gs525\">2<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span> A<span class=\"_ _11\"></span>ltre<span class=\"_ _11\"></span> a<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iarie<span class=\"_ _11\"></span> o<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>iam<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al fair v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>po<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> </div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls40 ws116 gs526\">de<span class=\"_ _0\"></span>bitori<span class=\"_ _1c\"></span>/em<span class=\"_ _13\"></span>i<span class=\"_ _1c\"></span>tten<span class=\"_ _0\"></span>ti<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs527\"><table class=\"s w5c2 h454\" id=\"_56040a3b-43a5-4368-827c-c54c17986057\"><tr><td class=\"c x212 y35ba w5c3 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff2 fs2f fc0 sc0 ls180 ws3c6\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x648 y35ba w5c4 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff2 fs2f fc0 sc0 ls181 ws3c7\">T<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x649 y35ba w5c5 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff2 fs2f fc0 sc0 ls181 ws3c7\">T<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bb w5c6 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">1.<span class=\"_ _1\"></span> Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64a y35bb w5c7 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64b y35bb w5c8 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x64c y35bc w5c9 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">di cui: altre soc<span class=\"_ _0\"></span>iet\u00e0 non<span class=\"_ _1\"></span> finanz<span class=\"_ _1\"></span>iarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64d y35bc w5c8 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64e y35bc w5c7 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bd w5ca h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">2.<span class=\"_ _1\"></span> Titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64f y35bd w5cb h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">4.981<span class=\"_ _4ac\"> </span></div></td><td class=\"c x650 y35bd w5cc h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">23.849<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x64c y35be w5cd h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">a) Am<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>inistrazioni pu<span class=\"_ _1\"></span>bbliche<span class=\"_ _4ac\"> </span></div></td><td class=\"c x651 y35be w5ce h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">4.981<span class=\"_ _4ac\"> </span></div></td><td class=\"c x652 y35be w5cf h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">23.849<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bf w5d0 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls184 ws3cb\">3. Q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>e di O<span class=\"_ _13\"></span>.I<span class=\"_ _0\"></span>.C<span class=\"_ _0\"></span>.R.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x653 y35bf w5d1 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">118.030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x654 y35bf w5cc h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">95.367<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x655 y35c0 w136 h173\"><div class=\"t m1a x24 h174 y1a33 ff1 fs2f fc0 sc0 ls185 ws3cc\">4. Finanziam<span class=\"_ _13\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w5d2 h453\"><div class=\"t m1a x1fa h174 y35c1 ff2 fs2f fc0 sc0 ls180 ws3c6\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x656 y345e w5d3 h453\"><div class=\"t m1a x1fa h174 y35c1 ff2 fs2f fc0 sc0 ls181 ws3cd\">123.<span class=\"_ _13\"></span>014<span class=\"_ _4ac\"> </span></div></td><td class=\"c x657 y345e w5d4 h453\"><div class=\"t m1a x1fa h174 y35c1 ff2 fs2f fc0 sc0 ls181 ws3cd\">119.<span class=\"_ _0\"></span>217<span class=\"_ _4ac\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-715": {
   "value": "Sezione 2<span class=\"ls1 ws1\">-<span class=\"ls44 ws3b2\">Atti<span class=\"_ _0\"></span>vit\u00e0 f<span class=\"_ _0\"></span>inanzi<span class=\"_ _0\"></span>arie val<span class=\"_ _0\"></span>utate al<span class=\"_ _0\"></span> fair v<span class=\"_ _0\"></span>alue co<span class=\"_ _0\"></span>n impatto<span class=\"_ _0\"></span> a cont<span class=\"_ _0\"></span>o </span></span>economico <span class=\"ls1 ws1\">-<span class=\"ls22 wsd8\">Voce 20</span> </span>2<span class=\"_ _0\"></span>.5<span class=\"_ _0\"></span> A<span class=\"_ _11\"></span>ltr<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _13\"></span>anz<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>b<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>ato<span class=\"_ _13\"></span>riam<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> valu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span> al f<span class=\"_ _0\"></span>air v<span class=\"_ _13\"></span>alue<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> m<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"ff1 ls1 ws1\"> </span><table class=\"s w5a6 h452\" id=\"_cb25baf3-b67c-4f8d-a26c-93770c301ad7\"><tr><td></td><td></td><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x5e h170 y1a0e ff2 fs2e fc0 sc0 ls179 ws3b9\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x625 y35b1 w134 h171\"><div class=\"t m22 xa1 h170 y1a1a ff2 fs2e fc0 sc0 ls179 ws3b9\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35b3 w5a7 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17a ws3ba\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x626 y35b3 w5a8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x627 y35b3 w5a8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x628 y35b3 w5a9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x629 y35b3 w5aa h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62a y35b3 w5a9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62b y35b3 w5aa h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35b4 w5ab h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17c ws3bc\">1.<span class=\"_ _1\"></span> Titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62c y35b4 w5ac h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">4.981<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62d y35b4 w5ad h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62e y35b4 w5ad h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62f y35b4 w5ae h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4ac\"> </span></div></td><td class=\"c x630 y35b4 w5af h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x631 y35b4 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x24 h170 y1a11 ff1 fs2e fc0 sc0 ls17c ws3bc\">1.<span class=\"_ _1\"></span>1 Titoli struttura<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y35b5 w5b1 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17c ws3bc\">1.<span class=\"_ _1\"></span>2 Altri titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td class=\"c x632 y35b5 w5ac h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">4.981<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x633 y35b5 w5b2 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">23.849<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y35b6 w5b3 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17c ws3bc\">2.<span class=\"_ _1\"></span> Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x634 y35b6 w5b4 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x635 y35b6 w5b5 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35b7 w5b6 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17e ws3bf\">3. Q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>e di O<span class=\"_ _13\"></span>.I<span class=\"_ _0\"></span>.C<span class=\"_ _0\"></span>.R.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x636 y35b7 w5b7 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">53.873<span class=\"_ _4ac\"> </span></div></td><td class=\"c x637 y35b7 w5b8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x638 y35b7 w5b2 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">64.148<span class=\"_ _4ac\"> </span></div></td><td class=\"c x639 y35b7 w5b9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">54.087<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63a y35b7 w5ba h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63b y35b7 w5b9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">41.269<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35b8 w5bb h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17f ws3c0\">4. Finanziam<span class=\"_ _13\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63c y35b8 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63d y35b8 w5ad h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63e y35b8 w5af h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63f y35b8 w5af h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x640 y35b8 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x641 y35b8 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x24 h170 y1a16 ff1 fs2e fc0 sc0 ls17c ws3bc\">4.<span class=\"_ _1\"></span>1 Pron<span class=\"_ _1\"></span>ti c<span class=\"_ _0\"></span>ontro te<span class=\"_ _1\"></span>rm<span class=\"_ _0\"></span>ine<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x24 h170 y1a17 ff1 fs2e fc0 sc0 ls17d ws3c1\">4.2 A<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w5bc h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17a ws3ba\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x642 y345e w5bd h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">58.854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x643 y345e w5b8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x644 y345e w5be h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">64.<span class=\"_ _0\"></span>150<span class=\"_ _4ac\"> </span></div></td><td class=\"c x645 y345e w5bf h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">77.<span class=\"_ _13\"></span>936<span class=\"_ _4ac\"> </span></div></td><td class=\"c x646 y345e w5c0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x647 y345e w5c1 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">41.<span class=\"_ _0\"></span>271<span class=\"_ _4ac\"> </span></div></td></tr></table>Legend<span class=\"_ _1c\"></span>a:<span class=\"ff1 ls1 ws1\"> <span class=\"ls18 ws22\">L1= Live<span class=\"_ _0\"></span>llo 1; L2= L<span class=\"_ _0\"></span>ivello 2; L<span class=\"_ _0\"></span>3= Livello 3.<span class=\"_ _0\"></span> </span> </span>225<span class=\"ff3 ls1 ws1\"> </span>I titoli di de<span class=\"_ _0\"></span>bito in portafoglio si riferiscono<span class=\"_ _0\"></span> ai BOT detenuti da Anima SGR. Le quote di O.I.C.R. si riferisco<span class=\"_ _0\"></span>no principalmente a (i) quote di fondi ist<span class=\"_ _0\"></span>ituiti o gestit<span class=\"_ _0\"></span>i da Anima SGR per circa Euro 49,1 milion<span class=\"_ _0\"></span>i<span class=\"ws77\">, (ii) quote di OICVM e di<span class=\"_ _1\"></span> FIA istituiti o gestiti da Kairos SGR per circa Euro 5,1 milioni,<span class=\"ls1 ws1\"> </span></span>(iii) quote dei FIA gest<span class=\"_ _0\"></span>iti da Anima Alternative SGR per Euro 19,8 milioni, (iv) quote di FIA immobiliari ge<span class=\"_ _0\"></span>stiti da Castello SGR<span class=\"_ _0\"></span> per Euro 38,1 milioni<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"lse ws57\">(v) quote di FIA ges<span class=\"_ _0\"></span>titi  da BPM I<span class=\"_ _0\"></span>nvest </span></span>SGR<span class=\"_ _0\"></span> per Euro 4,<span class=\"_ _0\"></span>1<span class=\"ls1 ws1\"> <span class=\"ls0 ws0\">milioni e (vi) quote di <span class=\"ls30 ws27\">FIA ge<span class=\"_ _1\"></span>stiti d<span class=\"_ _1\"></span>a SGR<span class=\"_ _1\"></span> terz<span class=\"_ _1\"></span>e per ci<span class=\"_ _1c\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,1 <span class=\"_ _1\"></span>milio<span class=\"_ _1\"></span>ni<span class=\"lsf ws28\">. <span class=\"ls1 ws1\"> </span></span></span></span></span>2<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span> A<span class=\"_ _11\"></span>ltre<span class=\"_ _11\"></span> a<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iarie<span class=\"_ _11\"></span> o<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>iam<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al fair v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>po<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>bitori<span class=\"_ _1c\"></span>/em<span class=\"_ _13\"></span>i<span class=\"_ _1c\"></span>tten<span class=\"_ _0\"></span>ti<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w5c2 h454\" id=\"_56040a3b-43a5-4368-827c-c54c17986057\"><tr><td class=\"c x212 y35ba w5c3 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff2 fs2f fc0 sc0 ls180 ws3c6\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x648 y35ba w5c4 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff2 fs2f fc0 sc0 ls181 ws3c7\">T<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x649 y35ba w5c5 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff2 fs2f fc0 sc0 ls181 ws3c7\">T<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bb w5c6 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">1.<span class=\"_ _1\"></span> Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64a y35bb w5c7 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64b y35bb w5c8 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x64c y35bc w5c9 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">di cui: altre soc<span class=\"_ _0\"></span>iet\u00e0 non<span class=\"_ _1\"></span> finanz<span class=\"_ _1\"></span>iarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64d y35bc w5c8 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64e y35bc w5c7 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bd w5ca h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">2.<span class=\"_ _1\"></span> Titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64f y35bd w5cb h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">4.981<span class=\"_ _4ac\"> </span></div></td><td class=\"c x650 y35bd w5cc h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">23.849<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x64c y35be w5cd h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">a) Am<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>inistrazioni pu<span class=\"_ _1\"></span>bbliche<span class=\"_ _4ac\"> </span></div></td><td class=\"c x651 y35be w5ce h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">4.981<span class=\"_ _4ac\"> </span></div></td><td class=\"c x652 y35be w5cf h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">23.849<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bf w5d0 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls184 ws3cb\">3. Q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>e di O<span class=\"_ _13\"></span>.I<span class=\"_ _0\"></span>.C<span class=\"_ _0\"></span>.R.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x653 y35bf w5d1 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">118.030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x654 y35bf w5cc h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">95.367<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x655 y35c0 w136 h173\"><div class=\"t m1a x24 h174 y1a33 ff1 fs2f fc0 sc0 ls185 ws3cc\">4. Finanziam<span class=\"_ _13\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w5d2 h453\"><div class=\"t m1a x1fa h174 y35c1 ff2 fs2f fc0 sc0 ls180 ws3c6\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x656 y345e w5d3 h453\"><div class=\"t m1a x1fa h174 y35c1 ff2 fs2f fc0 sc0 ls181 ws3cd\">123.<span class=\"_ _13\"></span>014<span class=\"_ _4ac\"> </span></div></td><td class=\"c x657 y345e w5d4 h453\"><div class=\"t m1a x1fa h174 y35c1 ff2 fs2f fc0 sc0 ls181 ws3cd\">119.<span class=\"_ _0\"></span>217<span class=\"_ _4ac\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-696": {
   "value": "Sezione 2<span class=\"ls1 ws1\">-<span class=\"ls44 ws3b2\">Atti<span class=\"_ _0\"></span>vit\u00e0 f<span class=\"_ _0\"></span>inanzi<span class=\"_ _0\"></span>arie val<span class=\"_ _0\"></span>utate al<span class=\"_ _0\"></span> fair v<span class=\"_ _0\"></span>alue co<span class=\"_ _0\"></span>n impatto<span class=\"_ _0\"></span> a cont<span class=\"_ _0\"></span>o </span></span>economico <span class=\"ls1 ws1\">-<span class=\"ls22 wsd8\">Voce 20</span> </span>2<span class=\"_ _0\"></span>.5<span class=\"_ _0\"></span> A<span class=\"_ _11\"></span>ltr<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _13\"></span>anz<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>b<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>ato<span class=\"_ _13\"></span>riam<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> valu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span> al f<span class=\"_ _0\"></span>air v<span class=\"_ _13\"></span>alue<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> m<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"ff1 ls1 ws1\"> </span><table class=\"s w5a6 h452\" id=\"_cb25baf3-b67c-4f8d-a26c-93770c301ad7\"><tr><td></td><td></td><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x5e h170 y1a0e ff2 fs2e fc0 sc0 ls179 ws3b9\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x625 y35b1 w134 h171\"><div class=\"t m22 xa1 h170 y1a1a ff2 fs2e fc0 sc0 ls179 ws3b9\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35b3 w5a7 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17a ws3ba\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x626 y35b3 w5a8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x627 y35b3 w5a8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x628 y35b3 w5a9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x629 y35b3 w5aa h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62a y35b3 w5a9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62b y35b3 w5aa h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17b ws3bb\">L3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35b4 w5ab h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17c ws3bc\">1.<span class=\"_ _1\"></span> Titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62c y35b4 w5ac h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">4.981<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62d y35b4 w5ad h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62e y35b4 w5ad h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x62f y35b4 w5ae h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4ac\"> </span></div></td><td class=\"c x630 y35b4 w5af h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x631 y35b4 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x24 h170 y1a11 ff1 fs2e fc0 sc0 ls17c ws3bc\">1.<span class=\"_ _1\"></span>1 Titoli struttura<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y35b5 w5b1 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17c ws3bc\">1.<span class=\"_ _1\"></span>2 Altri titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td class=\"c x632 y35b5 w5ac h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">4.981<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x633 y35b5 w5b2 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">23.849<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y35b6 w5b3 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17c ws3bc\">2.<span class=\"_ _1\"></span> Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x634 y35b6 w5b4 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x635 y35b6 w5b5 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35b7 w5b6 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17e ws3bf\">3. Q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>e di O<span class=\"_ _13\"></span>.I<span class=\"_ _0\"></span>.C<span class=\"_ _0\"></span>.R.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x636 y35b7 w5b7 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">53.873<span class=\"_ _4ac\"> </span></div></td><td class=\"c x637 y35b7 w5b8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x638 y35b7 w5b2 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">64.148<span class=\"_ _4ac\"> </span></div></td><td class=\"c x639 y35b7 w5b9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">54.087<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63a y35b7 w5ba h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63b y35b7 w5b9 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17d ws3bd\">41.269<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35b8 w5bb h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc0 sc0 ls17f ws3c0\">4. Finanziam<span class=\"_ _13\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63c y35b8 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63d y35b8 w5ad h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63e y35b8 w5af h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x63f y35b8 w5af h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x640 y35b8 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x641 y35b8 w5b0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff1 fs2e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x24 h170 y1a16 ff1 fs2e fc0 sc0 ls17c ws3bc\">4.<span class=\"_ _1\"></span>1 Pron<span class=\"_ _1\"></span>ti c<span class=\"_ _0\"></span>ontro te<span class=\"_ _1\"></span>rm<span class=\"_ _0\"></span>ine<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x624 y35b0 w133 h16f\"><div class=\"t m22 x24 h170 y1a17 ff1 fs2e fc0 sc0 ls17d ws3c1\">4.2 A<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w5bc h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls17a ws3ba\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x642 y345e w5bd h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">58.854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x643 y345e w5b8 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x644 y345e w5be h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">64.<span class=\"_ _0\"></span>150<span class=\"_ _4ac\"> </span></div></td><td class=\"c x645 y345e w5bf h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">77.<span class=\"_ _13\"></span>936<span class=\"_ _4ac\"> </span></div></td><td class=\"c x646 y345e w5c0 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">10<span class=\"_ _4ac\"> </span></div></td><td class=\"c x647 y345e w5c1 h453\"><div class=\"t m22 x1fa h170 y35b2 ff2 fs2e fc0 sc0 ls179 ws3c2\">41.<span class=\"_ _0\"></span>271<span class=\"_ _4ac\"> </span></div></td></tr></table>Legend<span class=\"_ _1c\"></span>a:<span class=\"ff1 ls1 ws1\"> <span class=\"ls18 ws22\">L1= Live<span class=\"_ _0\"></span>llo 1; L2= L<span class=\"_ _0\"></span>ivello 2; L<span class=\"_ _0\"></span>3= Livello 3.<span class=\"_ _0\"></span> </span> </span>I titoli di de<span class=\"_ _0\"></span>bito in portafoglio si riferiscono<span class=\"_ _0\"></span> ai BOT detenuti da Anima SGR. Le quote di O.I.C.R. si riferisco<span class=\"_ _0\"></span>no principalmente a (i) quote di fondi ist<span class=\"_ _0\"></span>ituiti o gestit<span class=\"_ _0\"></span>i da Anima SGR per circa Euro 49,1 milion<span class=\"_ _0\"></span>i<span class=\"ws77\">, (ii) quote di OICVM e di<span class=\"_ _1\"></span> FIA istituiti o gestiti da Kairos SGR per circa Euro 5,1 milioni,<span class=\"ls1 ws1\"> </span></span>(iii) quote dei FIA gest<span class=\"_ _0\"></span>iti da Anima Alternative SGR per Euro 19,8 milioni, (iv) quote di FIA immobiliari ge<span class=\"_ _0\"></span>stiti da Castello SGR<span class=\"_ _0\"></span> per Euro 38,1 milioni<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"lse ws57\">(v) quote di FIA ges<span class=\"_ _0\"></span>titi  da BPM I<span class=\"_ _0\"></span>nvest </span></span>SGR<span class=\"_ _0\"></span> per Euro 4,<span class=\"_ _0\"></span>1<span class=\"ls1 ws1\"> <span class=\"ls0 ws0\">milioni e (vi) quote di <span class=\"ls30 ws27\">FIA ge<span class=\"_ _1\"></span>stiti d<span class=\"_ _1\"></span>a SGR<span class=\"_ _1\"></span> terz<span class=\"_ _1\"></span>e per ci<span class=\"_ _1c\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,1 <span class=\"_ _1\"></span>milio<span class=\"_ _1\"></span>ni<span class=\"lsf ws28\">. <span class=\"ls1 ws1\"> </span></span></span></span></span>2<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span> A<span class=\"_ _11\"></span>ltre<span class=\"_ _11\"></span> a<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iarie<span class=\"_ _11\"></span> o<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>iam<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al fair v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>po<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>bitori<span class=\"_ _1c\"></span>/em<span class=\"_ _13\"></span>i<span class=\"_ _1c\"></span>tten<span class=\"_ _0\"></span>ti<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w5c2 h454\" id=\"_56040a3b-43a5-4368-827c-c54c17986057\"><tr><td class=\"c x212 y35ba w5c3 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff2 fs2f fc0 sc0 ls180 ws3c6\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x648 y35ba w5c4 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff2 fs2f fc0 sc0 ls181 ws3c7\">T<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x649 y35ba w5c5 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff2 fs2f fc0 sc0 ls181 ws3c7\">T<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bb w5c6 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">1.<span class=\"_ _1\"></span> Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64a y35bb w5c7 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64b y35bb w5c8 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x64c y35bc w5c9 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">di cui: altre soc<span class=\"_ _0\"></span>iet\u00e0 non<span class=\"_ _1\"></span> finanz<span class=\"_ _1\"></span>iarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64d y35bc w5c8 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64e y35bc w5c7 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bd w5ca h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">2.<span class=\"_ _1\"></span> Titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td class=\"c x64f y35bd w5cb h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">4.981<span class=\"_ _4ac\"> </span></div></td><td class=\"c x650 y35bd w5cc h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">23.849<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x64c y35be w5cd h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls182 ws3c8\">a) Am<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>inistrazioni pu<span class=\"_ _1\"></span>bbliche<span class=\"_ _4ac\"> </span></div></td><td class=\"c x651 y35be w5ce h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">4.981<span class=\"_ _4ac\"> </span></div></td><td class=\"c x652 y35be w5cf h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">23.849<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bf w5d0 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls184 ws3cb\">3. Q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>e di O<span class=\"_ _13\"></span>.I<span class=\"_ _0\"></span>.C<span class=\"_ _0\"></span>.R.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x653 y35bf w5d1 h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">118.030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x654 y35bf w5cc h43f\"><div class=\"t m1a x1fa h174 y35b9 ff1 fs2f fc0 sc0 ls183 ws3ca\">95.367<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x655 y35c0 w136 h173\"><div class=\"t m1a x24 h174 y1a33 ff1 fs2f fc0 sc0 ls185 ws3cc\">4. Finanziam<span class=\"_ _13\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w5d2 h453\"><div class=\"t m1a x1fa h174 y35c1 ff2 fs2f fc0 sc0 ls180 ws3c6\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x656 y345e w5d3 h453\"><div class=\"t m1a x1fa h174 y35c1 ff2 fs2f fc0 sc0 ls181 ws3cd\">123.<span class=\"_ _13\"></span>014<span class=\"_ _4ac\"> </span></div></td><td class=\"c x657 y345e w5d4 h453\"><div class=\"t m1a x1fa h174 y35c1 ff2 fs2f fc0 sc0 ls181 ws3cd\">119.<span class=\"_ _0\"></span>217<span class=\"_ _4ac\"> </span></div></td></tr></table>Sezione 3 <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span><span class=\"ls44 ws3c5\">Attivi<span class=\"_ _0\"></span>t\u00e0 finanz<span class=\"_ _0\"></span>iarie<span class=\"_ _0\"></span> valutate al f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue con im<span class=\"_ _0\"></span>patto sull<span class=\"_ _0\"></span>a redditi<span class=\"_ _0\"></span>vit\u00e0 </span></span>comples<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>a <span class=\"ls1 ws1\">- <span class=\"ls22 wsd8\">Voce 30</span> </span>3<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span> al f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>lla re<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>a: c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>ion<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> m<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>lo<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> </span><table class=\"s w5d5 h455\" id=\"_27b36c77-91b2-43fb-b775-c9aafbba41f8\"><tr><td class=\"c x622 y35c2 w137 h175\"><div class=\"t m23 x24 h176 y1a36 ff2 fs30 fc0 sc0 ls186 ws3ce\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x658 y35c3 w138 h177\"><div class=\"t m23 x133 h176 y1a3e ff2 fs30 fc0 sc0 ls18b ws3d5\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x659 y35c3 w139 h177\"><div class=\"t m23 x133 h176 y1a3e ff2 fs30 fc0 sc0 ls18b ws3d5\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x65a y35c5 w5d6 h441\"><div class=\"t m23 x1fa h176 y35c4 ff2 fs30 fc0 sc0 ls187 ws3cf\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x65b y35c5 w5d7 h441\"><div class=\"t m23 x1fa h176 y35c4 ff2 fs30 fc0 sc0 ls187 ws3cf\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x65c y35c5 w5d6 h441\"><div class=\"t m23 x1fa h176 y35c4 ff2 fs30 fc0 sc0 ls187 ws3cf\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x65d y35c5 w5d6 h441\"><div class=\"t m23 x1fa h176 y35c4 ff2 fs30 fc0 sc0 ls187 ws3cf\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x65e y35c5 w5d8 h441\"><div class=\"t m23 x1fa h176 y35c4 ff2 fs30 fc0 sc0 ls187 ws3cf\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x65f y35c5 w5d6 h441\"><div class=\"t m23 x1fa h176 y35c4 ff2 fs30 fc0 sc0 ls187 ws3cf\">L3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35c6 w5d9 h441\"><div class=\"t m23 x1fa h176 y35c4 ff1 fs30 fc0 sc0 ls188 ws3d0\">1.<span class=\"_ _1\"></span> Titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x660 y35c6 w5da h441\"><div class=\"t m23 x1fa h176 y35c4 ff1 fs30 fc1 sc0 ls1 ws1\">-</div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x622 y35c2 w137 h175\"><div class=\"t m23 x24 h176 y1a39 ff1 fs30 fc0 sc0 ls188 ws3d0\"> - d<span class=\"_ _1\"></span>i c<span class=\"_ _0\"></span>ui: Titoli d<span class=\"_ _1\"></span>i Stato<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y35c7 w5db h441\"><div class=\"t m23 x1fa h176 y35c4 ff1 fs30 fc0 sc0 ls188 ws3d0\">2.<span class=\"_ _1\"></span> Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x661 y35c7 w5dc h441\"><div class=\"t m23 x1fa h176 y35c4 ff1 fs30 fc0 sc0 ls189 ws3d2\">459.154<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x662 y35c7 w5dd h441\"><div class=\"t m23 x1fa h176 y35c4 ff1 fs30 fc0 sc0 ls189 ws3d2\">342.278<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x622 y35c2 w137 h175\"><div class=\"t m23 x24 h176 y1a3b ff1 fs30 fc0 sc0 ls18a ws3d3\">3. Finanziam<span class=\"_ _13\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w5de h441\"><div class=\"t m23 x1fa h176 y35c4 ff2 fs30 fc0 sc0 ls186 ws3ce\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x663 y345e w5df h441\"><div class=\"t m23 x1fa h176 y35c4 ff2 fs30 fc0 sc0 ls18b ws3d4\">459.<span class=\"_ _0\"></span>154<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x664 y345e w5e0 h441\"><div class=\"t m23 x1fa h176 y35c4 ff2 fs30 fc0 sc0 ls18b ws3d4\">342.<span class=\"_ _0\"></span>278<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr></table>Legend<span class=\"_ _1c\"></span>a:<span class=\"ff1 ls1 ws1\"> <span class=\"ls18 ws22\">L1= Live<span class=\"_ _0\"></span>llo 1; L2= L<span class=\"_ _0\"></span>ivello 2; L<span class=\"_ _0\"></span>3= Livello 3.<span class=\"_ _4ac\"> </span></span></span>La voce accoglie<span class=\"ls1 ws1\"> </span>il fair value<span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls0 ws5f\">al 31 dicembre 2025 di circa n\u00b0 50,3 milioni di azioni di Banca<span class=\"_ _0\"></span> Monte </span></span>dei Paschi di Siena <span class=\"_ _1\"></span>S.p.A. (\u201cBMPS\u201d) detenute dalla Societ\u00e0. L\u2019incremento della v<span class=\"_ _1\"></span>oce rispetto all\u2019eser<span class=\"_ _0\"></span>cizio precedente \u00e8 dovuto<span class=\"_ _0\"></span> alla variazione pos<span class=\"_ _0\"></span>itiva di fair value<span class=\"_ _0\"></span>, pari a circ<span class=\"_ _0\"></span>a Euro <span class=\"ls1d ws2b\">116,<span class=\"_ _0\"></span>9 </span>milioni. <span class=\"ls1 ws1\"> </span>A seguito dell\u2019em<span class=\"_ _0\"></span>issione di nuove azioni ordinarie,<span class=\"_ _0\"></span> il capitale sociale<span class=\"_ _0\"></span> di BMPS \u00e8 divenuto pari a Euro <span class=\"_ _1\"></span>17.9<span class=\"_ _1\"></span>78.1<span class=\"_ _1\"></span>87.1<span class=\"_ _1\"></span>86,8<span class=\"_ _1\"></span>5 co<span class=\"_ _1\"></span>rrisp<span class=\"_ _1\"></span>onde<span class=\"_ _1\"></span>nti ad<span class=\"_ _1\"></span> un nu<span class=\"_ _1\"></span>mer<span class=\"_ _1\"></span>o tota<span class=\"_ _1\"></span>le di a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni i<span class=\"_ _1\"></span>n circol<span class=\"_ _1\"></span>azi<span class=\"_ _1c\"></span>one pari <span class=\"_ _1\"></span>a <div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d wsc0 gs529\">3.0<span class=\"_ _0\"></span>38.418.<span class=\"_ _0\"></span>183. Per<span class=\"_ _0\"></span>tant<span class=\"_ _0\"></span>o, la quo<span class=\"_ _0\"></span>ta deten<span class=\"_ _0\"></span>uta da Anim<span class=\"_ _0\"></span>a Holdin<span class=\"_ _0\"></span>g, pre<span class=\"_ _0\"></span>cedente<span class=\"_ _0\"></span>mente<span class=\"_ _0\"></span> pari al 3,99%<span class=\"_ _0\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs52a\">c.a, si \u00e8 diluit<span class=\"_ _0\"></span>a ed \u00e8 pari a circa l\u20191,655%. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs52b\">Si ricor<span class=\"_ _0\"></span>da che i titoli classific<span class=\"_ _0\"></span>ati in questa voce determ<span class=\"_ _0\"></span>inano la contabilizzaz<span class=\"_ _0\"></span>ione delle varia<span class=\"_ _0\"></span>zioni </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs52c\">di fair value<span class=\"_ _0\"></span> dell\u2019esercizio in una r<span class=\"_ _0\"></span>iserva di patrimonio netto, nello<span class=\"_ _0\"></span> specifico \u201c160. Riserva da </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs52d\">valutaz<span class=\"_ _0\"></span>ione\", in base alle pre<span class=\"_ _0\"></span>visioni contenute ne<span class=\"_ _0\"></span>ll\u2019IFR<span class=\"lsf ws7a\">S 9. Ta<span class=\"_ _1\"></span>le tra<span class=\"_ _1c\"></span>ttame<span class=\"_ _1\"></span>nto con<span class=\"_ _1c\"></span>tabile \u00e8 <span class=\"_ _1\"></span>coer<span class=\"_ _1\"></span>ente<span class=\"_ _1c\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs52e\">con la fina<span class=\"_ _0\"></span>lit\u00e0 dell\u2019investimento.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws25b gs52f\">3<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span> al f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>lla re<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>a: </div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs530\">c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>ion<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>b<span class=\"_ _13\"></span>ito<span class=\"_ _13\"></span>ri/<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs531\"><table class=\"s w5e1 h456\" id=\"_842c00ae-e000-4ed0-9218-9ba751840467\"><tr><td class=\"c x212 y35c8 w5e2 h441\"><div class=\"t m24 x1fa h179 y35c4 ff2 fs31 fc0 sc0 ls18c ws3d6\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x666 y35c8 w5e3 h441\"><div class=\"t m24 x1fa h179 y35c4 ff2 fs31 fc0 sc0 ls18d ws3d7\">T<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025</div></td><td class=\"c x667 y35c8 w5e3 h441\"><div class=\"t m24 x1fa h179 y35c4 ff2 fs31 fc0 sc0 ls18d ws3d7\">T<span class=\"_ _0\"></span>ot<span class=\"_ _13\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35c9 w5e4 h441\"><div class=\"t m24 x1fa h179 y35c4 ff1 fs31 fc0 sc0 ls18e ws3d8\">1.<span class=\"_ _1\"></span> Titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td class=\"c x668 y35c9 w5e5 h441\"><div class=\"t m24 x1fa h179 y35c4 ff2 fs31 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x669 y35c9 w5e5 h441\"><div class=\"t m24 x1fa h179 y35c4 ff2 fs31 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ca w5e6 h441\"><div class=\"t m24 x1fa h179 y35c4 ff1 fs31 fc0 sc0 ls18e ws3d8\">2.<span class=\"_ _1\"></span> Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x66a y35ca w5e7 h441\"><div class=\"t m24 x1fa h179 y35c4 ff1 fs31 fc0 sc0 ls18f ws3da\">459.154<span class=\"_ _4ac\"> </span></div></td><td class=\"c x66b y35ca w5e7 h441\"><div class=\"t m24 x1fa h179 y35c4 ff1 fs31 fc0 sc0 ls18f ws3da\">342.278<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35c7 w5e8 h441\"><div class=\"t m24 x1fa h179 y35c4 ff1 fs31 fc0 sc0 ls190 ws3db\">a)<span class=\"_ _0\"></span> Banc<span class=\"_ _13\"></span>he<span class=\"_ _4ac\"> </span></div></td><td class=\"c x66c y35c7 w5e7 h441\"><div class=\"t m24 x1fa h179 y35c4 ff1 fs31 fc0 sc0 ls18f ws3da\">459.154<span class=\"_ _4ac\"> </span></div></td><td class=\"c x66d y35c7 w5e7 h441\"><div class=\"t m24 x1fa h179 y35c4 ff1 fs31 fc0 sc0 ls18f ws3da\">342.278<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35cb w5e9 h441\"><div class=\"t m24 x1fa h179 y35c4 ff1 fs31 fc0 sc0 ls190 ws3db\">3. Finanziam<span class=\"_ _13\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x66e y35cb w5ea h441\"><div class=\"t m24 x1fa h179 y35c4 ff2 fs31 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x66f y35cb w5e5 h441\"><div class=\"t m24 x1fa h179 y35c4 ff2 fs31 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w5eb h441\"><div class=\"t m24 x1fa h179 y35c4 ff2 fs31 fc0 sc0 ls18c ws3d6\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x670 y345e w5ec h441\"><div class=\"t m24 x1fa h179 y35c4 ff2 fs31 fc0 sc0 ls18d ws3dc\">459.<span class=\"_ _13\"></span>154<span class=\"_ _4ac\"> </span></div></td><td class=\"c x671 y345e w5ed h441\"><div class=\"t m24 x1fa h179 y35c4 ff2 fs31 fc0 sc0 ls18d ws3dc\">342.278<span class=\"_ _4ac\"> </span></div></td></tr></table></div>per circa<span class=\"_ _0\"></span> Euro 9,3 milioni, al netto di (iii) m<span class=\"_ _0\"></span>inori crediti riferiti a co<span class=\"_ _0\"></span>mmissioni di performance per circa <span class=\"_ _0\"></span>Euro 7,9 m<span class=\"_ _0\"></span>ilioni.<span class=\"ls1 ws1\"> </span>Nella voce \"2. Crediti per altri servizi\"<span class=\"_ _0\"></span> sono rappresentati principalmente i credit<span class=\"_ _0\"></span>i derivanti dalle attiv<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>i <span class=\"ff5 ls38 ws110\">\u201c<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ting\u201d<span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls1c ws27\">e <span class=\"_ _86\"></span></span></span><span class=\"ls11 wse5\">\u201cs<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>cu<span class=\"_ _13\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span> le<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>\u201d<span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span></span><span class=\"ff1\">effettu<span class=\"_ _0\"></span>ate dalla controllata Anima Alternative<span class=\"_ _1\"></span> </span></span></span>SGR per c<span class=\"_ _0\"></span>irca Euro 0,6 milioni e<span class=\"_ _0\"></span> dall\u2019attivit<span class=\"_ _0\"></span>\u00e0 di \u201cAdvisory\u201d e<span class=\"_ _0\"></span>ffettuata dalle c<span class=\"_ _0\"></span>ontrollate Anima S<span class=\"_ _0\"></span>GR e Kairo<span class=\"_ _0\"></span>s SGR<span class=\"_ _0\"></span> per circa Eu<span class=\"_ _0\"></span>ro 0,6 mil<span class=\"_ _0\"></span>ioni.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>Nella voce \u201c3.<span class=\"_ _0\"></span> Altri crediti\u201d sono classificat<span class=\"_ _0\"></span>i nella sottovoce \u201c3.3 altri\u201d (i) i c<span class=\"_ _0\"></span>rediti finanziari is<span class=\"_ _0\"></span>critti in re<span class=\"_ _1\"></span>lazi<span class=\"_ _1c\"></span>one a <span class=\"_ _1\"></span>contra<span class=\"_ _1c\"></span>tti di s<span class=\"_ _1c\"></span>ubloca<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> di atti<span class=\"_ _1c\"></span>vit\u00e0 cos<span class=\"_ _1c\"></span>titui<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span> diri<span class=\"_ _1\"></span>tti d<span class=\"_ _1\"></span>\u2019uso<span class=\"_ _1\"></span> acq<span class=\"_ _1\"></span>uisi<span class=\"_ _1\"></span>ti tra<span class=\"_ _1c\"></span>mite<span class=\"_ _1\"></span> contratt<span class=\"_ _0\"></span>i di locazione rientra<span class=\"_ _0\"></span>nti nel campo di applicaz<span class=\"_ _0\"></span>ione del prin<span class=\"_ _0\"></span>cipio contabile IF<span class=\"_ _0\"></span>RS 16 per circa Euro<span class=\"_ _0\"></span> 0,3 milioni (circa Euro 0,6 milioni al 31 dicem<span class=\"_ _0\"></span>bre 2024) e (ii) altri crediti, princi<span class=\"_ _1\"></span>palm<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span> brev<span class=\"_ _1\"></span>e termi<span class=\"_ _1c\"></span>ne, per cir<span class=\"_ _1\"></span>ca Eu<span class=\"_ _1\"></span>ro 7,4 <span class=\"_ _1\"></span>milio<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span>i (s<span class=\"_ _1\"></span>ottov<span class=\"_ _1\"></span>oce non v<span class=\"_ _1\"></span>alori<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ta al 3<span class=\"_ _1\"></span>1 dicemb<span class=\"_ _1c\"></span>re 2024). Al 31 di<span class=\"_ _0\"></span>cembre<span class=\"_ _0\"></span> 2024 nell<span class=\"_ _0\"></span>a sott<span class=\"_ _0\"></span>ovoce \u201c3.<span class=\"_ _0\"></span>2 depo<span class=\"_ _0\"></span>siti a sc<span class=\"_ _0\"></span>adenz<span class=\"_ _0\"></span>a e conti co<span class=\"_ _0\"></span>rrent<span class=\"_ _0\"></span>i\u201d er<span class=\"_ _0\"></span>ano rapp<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span> i <span class=\"ff5 ls11 wsbc\">tim<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws86\">apert<span class=\"_ _0\"></span>i con primari istitut<span class=\"_ _0\"></span>i di credito, per un importo pari a c<span class=\"_ _0\"></span>irca </span></span>Euro <span class=\"_ _0\"></span>122,<span class=\"_ _0\"></span>6 milio<span class=\"_ _0\"></span>ni<span class=\"ff3 ls1 ws1\"> </span><span class=\"lsf ws104\">ch<span class=\"_ _1c\"></span>e sono<span class=\"_ _1\"></span> giu<span class=\"_ _1\"></span>nti a<span class=\"_ _1c\"></span> scadenz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>nel c<span class=\"_ _1\"></span>ors<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>l\u2019es<span class=\"_ _1\"></span>erciz<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>e non<span class=\"_ _1\"></span> son<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>ti ri<span class=\"_ _1c\"></span>nnova<span class=\"_ _1\"></span>ti.<span class=\"_ _4ac\"> </span></span>4<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>ziar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al co<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rtiz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> pe<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>b<span class=\"_ _13\"></span>ito<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i/<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\"> </span><table class=\"s w61a h45b\" id=\"_589f0475-1864-4611-9418-ae29a621da37\"><tr><td class=\"c x212 y35e3 w61b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19a ws3ec\">Com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>e/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>te<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c2 y35e4 w147 h182\"><div class=\"t m26 x84 h181 y1a95 ff2 fs33 fc0 sc0 ls1a1 ws3f6\">Banche<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c3 y35e3 w61c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di cu<span class=\"_ _1\"></span>i: del<span class=\"_ _1\"></span> Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c4 y35e4 w148 h182\"><div class=\"t m26 x3c h181 y1a95 ff2 fs33 fc0 sc0 ls19c ws3ee\">Societ\u00e0 finanz<span class=\"_ _0\"></span>iarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c5 y35e3 w61d h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di c<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>: del G<span class=\"_ _1c\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c6 y35e4 w149 h182\"><div class=\"t m26 x84 h181 y1a95 ff2 fs33 fc0 sc0 ls19c ws3f7\">Client<span class=\"_ _0\"></span>ela<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c7 y35e3 w61c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di cu<span class=\"_ _1\"></span>i: del<span class=\"_ _1\"></span> Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y357b w61e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">1.<span class=\"_ _1ab\"> </span>Cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>i per s<span class=\"_ _0\"></span>ervizi di ges<span class=\"_ _0\"></span>tione di p<span class=\"_ _0\"></span>atrim<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c8 y357b w61f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">402<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c9 y357b w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ca y357b w621 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">29.544<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cb y357b w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cc y357b w623 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">136.<span class=\"_ _0\"></span>820<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cd y357b w624 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">3.<span class=\"_ _0\"></span>610<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e5 w625 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.1<span class=\"_ _1\"></span> gestione di OI<span class=\"_ _0\"></span>CR<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ce y35e5 w626 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cf y35e5 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">29.544<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d0 y35e5 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d1 y35e5 w628 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">76.358<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d2 y35e5 w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e6 w629 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.2<span class=\"_ _1\"></span> gestione individuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d3 y35e6 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">402<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d4 y35e6 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d5 y35e6 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d6 y35e6 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">31.053<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d7 y35e6 w62b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">3.610<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e7 w62c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.3<span class=\"_ _1\"></span> gestione di fondi pensione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d8 y35e7 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d9 y35e7 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6da y35e7 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">29.408<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35e8 w62d h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">2.<span class=\"_ _1ab\"> </span>Cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>i per alt<span class=\"_ _0\"></span>ri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6db y35e8 w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">80<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6dc y35e8 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6dd y35e8 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">501<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6de y35e8 w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6df y35e8 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">698<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e0 y35e8 w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">451<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e9 w630 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1a0 ws3f3\">2.1 cons<span class=\"_ _0\"></span>ulenze<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e1 y35e9 w631 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e2 y35e9 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e3 y35e9 w61f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">501<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e4 y35e9 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e5 y35e9 w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">81<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e0 y35e9 w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">451<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ea w632 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f4\">2.3 al<span class=\"_ _0\"></span>tri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e6 y35ea w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">73<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e7 y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6e8 y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e9 y35ea w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">617<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ea y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35eb w633 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">3. Altr<span class=\"_ _0\"></span>i credit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6eb y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ec y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ed y35eb w634 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">7.<span class=\"_ _0\"></span>663<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ee y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ec w632 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f4\">3.3 al<span class=\"_ _0\"></span>tri<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ef y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6f0 y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f1 y35ec w635 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">7.663<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f2 y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ed w636 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">4. Tit<span class=\"_ _0\"></span>oli di de<span class=\"_ _0\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6f3 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6e4 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f4 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f5 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ee w637 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3f5\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f6 y35ee w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">482<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f7 y35ee w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f8 y35ee w621 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">30.045<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f9 y35ee w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fa y35ee w638 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">145.<span class=\"_ _0\"></span>181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fb y35ee w639 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">4.060<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w637 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3f5\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fc y345e w63a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">123.090<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fd y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fe y345e w63b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">25.322<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e8 y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ff y345e w623 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">111.<span class=\"_ _0\"></span>448<span class=\"_ _4ac\"> </span></div></td><td class=\"c x700 y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>Sezione 1 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>assivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anziarie v<span class=\"_ _0\"></span>alutate<span class=\"_ _0\"></span> al cos<span class=\"_ _0\"></span>to ammor<span class=\"_ _0\"></span>tizzato<span class=\"_ _0\"></span> </span>\u2013 </span>Voce 10<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>1.1<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls126 ws194\">P<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _1c\"></span><span class=\"ls2 ws44\">f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>: c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> m<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>lo<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>i<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff29 ls1 ws1\"><span class=\"ff5 ls126 ws194\"><span class=\"ls2 ws44\"> </span></span></span>de<span class=\"_ _0\"></span>bi<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w7ec h479\" id=\"_e5704dca-86ca-45da-8edd-f9195cd5b5c6\"><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d67 ff2 fs48 fc0 sc0 ls232 ws4c8\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a0 y36d5 w7ed h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a1 y36d5 w7ee h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d6 w7ef h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">1. De<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i verso re<span class=\"_ _0\"></span>ti d<span class=\"_ _0\"></span>i vend<span class=\"_ _0\"></span>ita:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a2 y36d6 w7f0 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">185.552<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a3 y36d6 w7f1 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">167.<span class=\"_ _0\"></span>258<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d7 w7f2 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento O<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a4 y36d7 w7f3 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">181.018<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a5 y36d7 w7f4 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">163.132<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d8 w7f5 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>2 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento ges<span class=\"_ _0\"></span>tioni in<span class=\"_ _1\"></span>dividuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a6 y36d8 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.543<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a7 y36d8 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.565<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d9 w7f7 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>3 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento fondi pen<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a8 y36d9 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.991<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a9 y36d9 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.561<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36da w7f8 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">D<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i pe<span class=\"_ _0\"></span>r at<span class=\"_ _0\"></span>tivit\u00e0 d<span class=\"_ _0\"></span>i ges<span class=\"_ _0\"></span>tione:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ac y36da w7f9 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">3.<span class=\"_ _0\"></span>825<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ad y36da w7f9 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">3.<span class=\"_ _0\"></span>356<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36db w7fa h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">2.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>er gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ae y36db w7fb h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.302<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8af y36db w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36dc w7fc h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">2.<span class=\"_ _1\"></span>2 p<span class=\"_ _1\"></span>er gestioni ric<span class=\"_ _0\"></span>evute<span class=\"_ _1\"></span> in dele<span class=\"_ _1\"></span>ga<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b0 y36dc w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.522<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b1 y36dc w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.062<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36dd w7fd h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cd\">2.3 pe<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ro<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b2 y36dd w7fe h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b3 y36dd w7ff h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36de w800 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">D<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i pe<span class=\"_ _0\"></span>r alt<span class=\"_ _0\"></span>ri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b4 y36de w801 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b5 y36de w802 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36df w803 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">ltri d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b6 y36df w804 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">42.<span class=\"_ _0\"></span>477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b7 y36df w804 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">44.<span class=\"_ _0\"></span>929<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e0 w805 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>ronti contro termine<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b8 y36e0 w806 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b9 y36e0 w806 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e1 w807 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>2 Debiti pe<span class=\"_ _1\"></span>r leasing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ba y36e1 w808 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">22.030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bb y36e1 w809 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">26.090<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e2 w80a h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>3 Altri deb<span class=\"_ _1\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bc y36e2 w80b h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls235 ws4cc\">20.<span class=\"_ _0\"></span>447<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bd y36e2 w809 h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls235 ws4cc\">18.839<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e3 w80c h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls236 ws4ce\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8be y36e3 w80d h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">231.<span class=\"_ _0\"></span>854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bf y36e3 w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">215.<span class=\"_ _0\"></span>543<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7b ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 1<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7c ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c0 y367c w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">212.<span class=\"_ _0\"></span>066<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c1 y367c w80d h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">196.<span class=\"_ _0\"></span>733<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7e ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c2 y367d w804 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">19.<span class=\"_ _0\"></span>788<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c3 y367d w80e h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">18.<span class=\"_ _0\"></span>810<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w80f h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls238 ws4d0\">Tot<span class=\"_ _0\"></span>ale f<span class=\"_ _0\"></span>air value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c4 y345e w7f0 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">231.854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c5 y345e w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">215.<span class=\"_ _0\"></span>543<span class=\"_ _4ac\"> </span></div></td></tr></table>I valori indicati nella sottovoce \u201c1. Debiti verso reti di vendita\u201d sono riconducibili qu<span class=\"_ _0\"></span>asi<span class=\"_ _4ac\"> </span> interamente alle commissioni da riconoscere ai distribut<span class=\"_ _0\"></span>ori dei prodotti istituiti e gestiti dal<span class=\"_ _4ac\"> </span> Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima<span class=\"_ _1\"></span>; tali<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>mmiss<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> verr<span class=\"_ _1\"></span>anno<span class=\"_ _1\"></span> pag<span class=\"_ _1\"></span>ate q<span class=\"_ _1\"></span>uasi i<span class=\"_ _1c\"></span>nteram<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> n<span class=\"ls31 ws154\">el corso del<span class=\"_ _0\"></span> primo<span class=\"_ _4ac\"> </span></span><span class=\"ls31 ws154\"> </span>tr<span class=\"_ _0\"></span>imestr<span class=\"_ _0\"></span>e del 2026<span class=\"_ _0\"></span>. L\u2019au<span class=\"_ _0\"></span>mento,<span class=\"_ _0\"></span> rispet<span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>l 31 dicem<span class=\"_ _0\"></span>bre 202<span class=\"_ _0\"></span>4, \u00e8 pr<span class=\"_ _0\"></span>incipa<span class=\"_ _0\"></span>lmente<span class=\"_ _0\"></span> dovuto<span class=\"_ _0\"></span> a<span class=\"_ _4ac\"> </span> magg<span class=\"_ _1\"></span>iori d<span class=\"_ _1\"></span>ebiti<span class=\"_ _1\"></span> per c<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssioni<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>manteni<span class=\"_ _1c\"></span>mento <span class=\"_ _1\"></span>e di c<span class=\"_ _1\"></span>olloca<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>o.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>Nella sotto<span class=\"_ _0\"></span>voce \u201c2. Debiti per attivit\u00e0 di gestione<span class=\"_ _0\"></span>\u201d, sono evidenziati i debiti riconducibili<span class=\"_ _4ac\"> </span> principalmente<span class=\"_ _0\"></span> (i) alle commissioni da riconoscere ai distribut<span class=\"_ _0\"></span>ori delle Sicav promosse e/o<span class=\"_ _4ac\"> </span> gestite<span class=\"_ _0\"></span> dal Gruppo Anima per circa 2,5 milioni e (ii) alle co<span class=\"_ _0\"></span>mmissioni<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>per l\u2019attivit<span class=\"_ _0\"></span>\u00e0 di gestioni di<span class=\"_ _4ac\"> </span> patri<span class=\"_ _1c\"></span>moni a fav<span class=\"_ _1c\"></span>ore di e<span class=\"_ _1c\"></span>nt<span class=\"_ _0\"></span>i fi<span class=\"_ _1c\"></span>nanziari<span class=\"_ _1\"></span> svol<span class=\"_ _1c\"></span>te da Ka<span class=\"_ _1\"></span>iros SG<span class=\"_ _1c\"></span>R per ci<span class=\"_ _1\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,<span class=\"_ _1\"></span>3 mili<span class=\"_ _1\"></span>oni.<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>La sottovoce \u201c4. Altri debiti <span class=\"ls1 ws1\">\u2013<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span><span class=\"ls0 wsf3\">4.2 Debiti per leasing\u201d \u00e8 costituit<span class=\"_ _0\"></span>a dal debito residuo, al 31<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 wsf3\"> </span></span>dicembre 2025,<span class=\"_ _0\"></span> in relazione ai dir<span class=\"_ _0\"></span>itti d\u2019uso is<span class=\"_ _0\"></span>critti in all\u2019a<span class=\"_ _0\"></span>pplicazione del prin<span class=\"_ _0\"></span>cipio contabile<span class=\"_ _0\"></span> IFRS<span class=\"_ _4ac\"> </span> 16.<span class=\"_ _47d\"></span>I<span class=\"_ _4ac\"> </span>l decremento nella voce<span class=\"_ _0\"></span> \u00e8 principalmente ricon<span class=\"_ _0\"></span>ducibil<span class=\"ls35 wsd2\">e ai pagam<span class=\"_ _0\"></span>enti, p<span class=\"_ _0\"></span>revalenteme<span class=\"_ _0\"></span>nte<span class=\"_ _4ac\"> </span></span>correlat<span class=\"_ _0\"></span>i alle locazioni degli immobili e al noleggio di auto, effettuati nell\u2019es<span class=\"_ _0\"></span>ercizio. Per maggior<span class=\"_ _47e\"></span>i<span class=\"_ _4ac\"> </span>in<span class=\"_ _4ac\"> </span>formazioni si rimanda alla \u201cParte<span class=\"_ _0\"></span> D <span class=\"ls1 ws1\">\u2013<span class=\"ls31 ws84\">Altre Inform<span class=\"_ _0\"></span>azioni </span>\u2013 <span class=\"_ _0\"></span><span class=\"ls1d wsff\">Sezi<span class=\"_ _0\"></span>one 7 </span>\u2013 <span class=\"_ _0\"></span><span class=\"ls11 wscf\">Informativa sul leasing</span></span><span class=\"_ _47f\"></span>\u201d<span class=\"_ _4ac\"> </span>d<span class=\"_ _4ac\"> </span>ella pr<span class=\"_ _0\"></span>esente<span class=\"_ _0\"></span> Nota inte<span class=\"ls0 ws0\">grativa conso<span class=\"_ _0\"></span>lidata.<span class=\"_ _4ac\"> </span></span>La so<span class=\"_ _1\"></span>ttov<span class=\"_ _1\"></span>oce \u201c4. A<span class=\"_ _1\"></span>ltri<span class=\"_ _1\"></span> debi<span class=\"_ _1\"></span>ti <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"ls11 ws11d\">4.3 altri\u201d c<span class=\"_ _0\"></span>omprende (i) la passivit\u00e0 finanziaria, pari a c<span class=\"_ _0\"></span>irca Euro<span class=\"_ _4ac\"> </span></span></span>15,2 milioni,<span class=\"_ _0\"></span> rilevata a segu<span class=\"_ _0\"></span>ito dell\u2019acquis<span class=\"_ _0\"></span>izione di Castello SGR<span class=\"_ _0\"></span> e riferibile all\u2019ammontare<span class=\"_ _0\"></span> atteso,<span class=\"_ _4ac\"> </span><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws12a gs767\">oppor<span class=\"_ _1\"></span>tunam<span class=\"_ _1\"></span>ente at<span class=\"_ _1\"></span>tual<span class=\"_ _1\"></span>izzato<span class=\"_ _1\"></span>, che la S<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1c\"></span> prevede d<span class=\"_ _1\"></span>i corri<span class=\"_ _1\"></span>spon<span class=\"_ _1\"></span>dere a OCM<span class=\"_ _1\"></span> OPPS X<span class=\"_ _1\"></span>b </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs768\">Investements<span class=\"_ _0\"></span> (Castello) S.a.r.l.  a segu<span class=\"_ _0\"></span>ito dell\u2019esercizio<span class=\"_ _0\"></span> dell\u2019opzione put per gli e<span class=\"_ _0\"></span>ffetti dell\u2019Accordo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs769\">di put e call per l\u2019acquisto de<span class=\"_ _0\"></span>l 20% di Castello SGR e (ii) la passi<span class=\"ls11 ws58\">vit\u00e0 finanziaria, pari a circa Euro </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs76a\">4,6 milion<span class=\"_ _0\"></span>i, rilevata a seguito<span class=\"_ _0\"></span> della sottoscr<span class=\"_ _0\"></span>izione da parte di Cas<span class=\"_ _0\"></span>tello SGR de<span class=\"_ _0\"></span>l patto parasociale </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws157 gs76b\">con Ha<span class=\"_ _1\"></span>lld<span class=\"_ _1\"></span>is S.p<span class=\"_ _1\"></span>.a. e <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eribi<span class=\"_ _1\"></span>le all<span class=\"_ _1\"></span>\u2019amm<span class=\"_ _1\"></span>onta<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span> attes<span class=\"_ _1\"></span>o, opp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>uname<span class=\"_ _1c\"></span>nte att<span class=\"_ _1\"></span>ualiz<span class=\"_ _1\"></span>zato<span class=\"_ _1\"></span>, che l<span class=\"_ _1c\"></span>a<span class=\"_ _0\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws1d9 gs76c\">contro<span class=\"_ _0\"></span>llat<span class=\"_ _0\"></span>a Caste<span class=\"_ _0\"></span>llo SGR<span class=\"_ _0\"></span> prev<span class=\"_ _0\"></span>e<span class=\"ls0 wsc1\">de di corrispondere a Halldis S.p.a., a seguito dell\u2019esercizio </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs76d\">dell\u2019opzione<span class=\"_ _0\"></span> put riferita al 21% del capita<span class=\"_ _0\"></span>le di Vita Srl, disciplin<span class=\"_ _0\"></span>ata nell\u2019ambito del sopracit<span class=\"_ _0\"></span>ato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws29 gs76e\">patto parasociale.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls230 ws4c6 gs76f\">1.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls2 ws4d1\">C<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _11\"></span> \u201cP<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>\u201d: \u201c<span class=\"_ _0\"></span>T<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i in<span class=\"_ _13\"></span> </span></span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs770\">c<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>laz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs771\"><table class=\"s w810 h47a\" id=\"_2b5a3719-4add-4b64-a6d3-d4db5911a1ee\"><tr><td></td><td></td><td class=\"c x8c7 y36e4 w166 h1e2\"><div class=\"t m3b xae h1e1 y1da5 ff2 fs49 fc0 sc0 ls23c ws4d5\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x8c8 y36e4 w167 h1e2\"><div class=\"t m3b xae h1e1 y1da5 ff2 fs49 fc0 sc0 ls23c ws4d5\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x8c9 y36e5 w168 h1e3\"><div class=\"t m3b xfc h1e1 y1da7 ff1 fs49 fc0 sc0 ls23f ws4d9\">Fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x8ca y36e5 w169 h1e3\"><div class=\"t m3b x8c h1e1 y1da8 ff1 fs49 fc0 sc0 ls23f ws4d9\">Fair value<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y36e7 w811 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d2\">Tit<span class=\"_ _0\"></span>oli<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cb y36e7 w812 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23a ws4d3\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cc y36e7 w813 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cd y36e7 w814 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ce y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cf y36e7 w812 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23a ws4d3\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d0 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d1 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d2 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e8 w816 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m3b x8d3 h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">T<span class=\"_ _4ac\"> </span></div><div class=\"t m3b x8d4 h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">itoli<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d5 y36e8 w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d6 y36e8 w818 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">577.<span class=\"_ _0\"></span>595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8d7 y36e8 w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">585.<span class=\"_ _0\"></span>214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d8 y36e8 w819 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">564.<span class=\"_ _0\"></span>037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y36e9 w81a h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23d ws4d7\">- ob<span class=\"_ _1\"></span>bligazioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d9 y36e9 w81b h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8da y36e9 w81c h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">577.595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8db y36e9 w81d h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">585.214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8dc y36e9 w81e h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">564.037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x8dd y36ea w165 h1e0\"><div class=\"t m3b x69 h1e1 y1da2 ff1 fs49 fc0 sc0 ls23d ws4d7\">- altri titoli<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w81f h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23b ws4d4\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8de y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8df y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">577.<span class=\"_ _0\"></span>595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8e0 y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">585.<span class=\"_ _0\"></span>214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e1 y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">564.<span class=\"_ _0\"></span>037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr></table></div><div class=\"t m0 ha ff2 fs9 fc0 sc0 ls1 ws1 gs772\">Legenda:<span class=\"ff1\"> <span class=\"ws19c\">VB= Valore di b<span class=\"_ _0\"></span>ilancio; L1= Livello 1; L2<span class=\"_ _0\"></span>= Livello 2; L3= Livello 3.</span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs773\">La voce \u201cTitoli <span class=\"ls1 ws1\">\u2013 </span>obbligazio<span class=\"_ _0\"></span>ni\u201d \u00e8 costituita da titoli obbligazion<span class=\"_ _0\"></span>ari emessi dalla Societ\u00e0 in data<span class=\"_ _0\"></span> 23<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2aa gs774\">ottob<span class=\"_ _1\"></span>re 201<span class=\"_ _1\"></span>9 (\u201cPres<span class=\"_ _1\"></span>tito Ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 2026\u201d<span class=\"_ _1\"></span>) e in da<span class=\"_ _1c\"></span>ta 22 aprile 20<span class=\"_ _1\"></span>21 (\u201c<span class=\"_ _1\"></span>Presti<span class=\"_ _1\"></span>to </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs775\">Obbligazionario<span class=\"_ _0\"></span> 2028\u201d). <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsc2 gs776\">Il Pre<span class=\"_ _1\"></span>stito <span class=\"_ _1\"></span>Obbl<span class=\"_ _1\"></span>igaz<span class=\"_ _1\"></span>ionar<span class=\"_ _1\"></span>io 202<span class=\"_ _1\"></span>6 \u00e8 esp<span class=\"_ _1c\"></span>osto nel<span class=\"_ _1\"></span> Bila<span class=\"_ _1\"></span>ncio a<span class=\"_ _1\"></span>l cost<span class=\"_ _1\"></span>o am<span class=\"_ _1\"></span>mortiz<span class=\"_ _1\"></span>zato p<span class=\"_ _1\"></span>er un a<span class=\"_ _1c\"></span>mmontar<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1d9 gs777\">pari<span class=\"_ _1\"></span> a circa E<span class=\"_ _1c\"></span>uro 284<span class=\"_ _1\"></span>,5 mil<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span>. Tale va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e \u00e8 rap<span class=\"_ _1\"></span>pres<span class=\"_ _1\"></span>enta<span class=\"_ _1\"></span>to (i) d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>\u2019import<span class=\"_ _1c\"></span>o incass<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsd6 gs778\">l\u2019e<span class=\"_ _1\"></span>missio<span class=\"_ _1c\"></span>ne (al ne<span class=\"_ _1\"></span>tto de<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span> parte <span class=\"_ _1\"></span>riacq<span class=\"_ _1\"></span>uista<span class=\"_ _1c\"></span>ta in d<span class=\"_ _1\"></span>ata 10 g<span class=\"_ _1c\"></span>iugno 2<span class=\"_ _1\"></span>020<span class=\"ls0 ws82\">) per circa Euro 282,4<span class=\"_ _0\"></span> milioni, </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10a gs779\">(ii) m<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10a gs77a\">aggiorato degli interessi pas<span class=\"_ _0\"></span>sivi maturati dalla data dell\u2019ult<span class=\"_ _0\"></span>imo stacco cedola al 31<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs77b\">dicembre 2025<span class=\"_ _0\"></span> e determinati con il meto<span class=\"_ _0\"></span>do del costo ammortiz<span class=\"_ _0\"></span>zato (sulla base de<span class=\"_ _0\"></span>l tasso d<span class=\"_ _480\"></span>i<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws102 gs77c\">inter<span class=\"_ _1\"></span>esse effe<span class=\"_ _1\"></span>ttivo)<span class=\"_ _1\"></span> per circa Eu<span class=\"_ _1\"></span>ro 2,3 mi<span class=\"ls0 ws74\">lioni e (iii) diminuito dei cost<span class=\"_ _0\"></span>i di transazione correlati<span class=\"_ _4ac\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs77d\">all\u2019em<span class=\"_ _0\"></span>issione obbligazionaria che sono<span class=\"_ _0\"></span> stati capitalizzat<span class=\"_ _0\"></span>i e sono espost<span class=\"_ _0\"></span>i al valore residuo<span class=\"_ _0\"></span> per<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs77e\">circa <span class=\"_ _0\"></span>Euro 0,2 m<span class=\"_ _0\"></span>ilioni.<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs77f\">Con riferimento al Prestito<span class=\"_ _0\"></span> Obbligazionario 2028, \u00e8 esposto nel Bilancio al costo ammortizz<span class=\"_ _0\"></span>ato,<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws56 gs780\">per un ammontare pari a circa Euro 301,8 milioni. Tale valore \u00e8<span class=\"_ _0\"></span> rappresentato (i) dall\u2019importo<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs781\">incass<span class=\"_ _0\"></span>ato a s<span class=\"_ _1\"></span>eguito de<span class=\"_ _0\"></span>ll\u2019emissione per circa Euro 298,2 milioni, (ii) maggiorato degli interes<span class=\"_ _0\"></span>si<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs782\">passivi matur<span class=\"_ _0\"></span>ati  dall\u2019ultimo stacco cedola al 31 dicembre 2025 e determinati con il metodo de<span class=\"_ _481\"></span>l<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs783\">c</div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs784\">osto ammortizzato<span class=\"_ _0\"></span> (sulla base del tasso di intere<span class=\"_ _0\"></span>sse effettivo) per circ<span class=\"_ _0\"></span>a Euro 4,3 milioni e (iii)<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws61 gs785\">diminuito dei costi di trans<span class=\"ws189\">azione c<span class=\"_ _0\"></span>orrelati all\u2019<span class=\"_ _0\"></span>emissione obbligazion<span class=\"_ _0\"></span>aria che sono st<span class=\"_ _0\"></span>ati<span class=\"_ _4ac\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs786\">capitalizzat<span class=\"_ _0\"></span>i e sono esposti al valore residuo per<span class=\"_ _0\"></span> circa Euro 0,7 milioni.<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs787\">Per ulteriori dettagli sul Prest<span class=\"_ _0\"></span>ito Obbligazionario 2026 e sul Prestito Obbligazionario 2028 s<span class=\"_ _482\"></span>i<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws25e gs788\">r<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws25e gs789\">invia alla \u201cParte D <span class=\"ls1 ws1\">- <span class=\"_ _17\"> </span><span class=\"ls31 wsf6\">Altre<span class=\"_ _0\"></span> Inform<span class=\"_ _0\"></span>azioni<span class=\"_ _0\"></span> </span>\u2013 <span class=\"_ _18\"></span><span class=\"ls1c wse8\">Sezi<span class=\"_ _1\"></span>one 3 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _86\"></span><span class=\"ls0 wsfe\">In<span class=\"_ _0\"></span>formazioni sui risch<span class=\"_ _0\"></span>i e sulle relat<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs78a\">politiche<span class=\"_ _0\"></span> di copertur<span class=\"_ _0\"></span>a <span class=\"ls1 ws1\">- </span><span class=\"ws0\">3.1 Rischi finanziar<span class=\"_ _0\"></span>i\u201d della presente <span class=\"ls11 ws19\">Nota I<span class=\"_ _0\"></span>ntegrativa consolidata.<span class=\"_ _4ac\"> </span></span></span></div>1.5<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls126 ws4da\">P<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _11\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> <span class=\"ls1 ws1\">\u2013  <span class=\"ls2 ws4db\">D<span class=\"_ _11\"></span>e<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>r </span></span></span></span>co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rte<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w835 h47d\" id=\"_7f04049e-a833-443e-88b5-854c77a71d90\"><tr><td></td><td class=\"c x8f7 y36ef w836 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls241 ws4dc\">Banche<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8f8 y36ef w837 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">Societ\u00e0 f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fa y36ef w838 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4de\">Clien<span class=\"_ _4ac\"> </span></div><div class=\"t m3c x8f9 h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4de\">tela<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1db2 ff2 fs4a fc0 sc0 ls243 ws4df\">Com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osiz<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span>/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fb y36f1 w839 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fc y36f1 w839 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fd y36f1 w83a h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f2 w83b h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">1. Deb<span class=\"_ _0\"></span>iti verso ret<span class=\"_ _0\"></span>i di vend<span class=\"_ _0\"></span>ita<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8fe y36f2 w83c h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">180.002<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ff y36f2 w83d h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">90.<span class=\"_ _0\"></span>181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x900 y36f2 w83e h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.<span class=\"_ _0\"></span>268<span class=\"_ _4ac\"> </span></div></td><td class=\"c x901 y36f2 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x902 y36f2 w840 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">4.<span class=\"_ _0\"></span>281<span class=\"_ _4ac\"> </span></div></td><td class=\"c x903 y36f2 w841 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f3 w842 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.1<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c x904 y36f3 w843 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">176.092<span class=\"_ _4ac\"> </span></div></td><td class=\"c x905 y36f3 w844 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">88.770<span class=\"_ _4ac\"> </span></div></td><td class=\"c x906 y36f3 w845 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.037<span class=\"_ _4ac\"> </span></div></td><td class=\"c x907 y36f3 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x908 y36f3 w845 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">3.889<span class=\"_ _4ac\"> </span></div></td><td class=\"c x909 y36f3 w841 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f4 w846 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.2<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento gestioni individ<span class=\"_ _1\"></span>uali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90a y36f4 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.152<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90b y36f4 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">358<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90c y36f4 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90d y36f4 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90e y36f4 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">391<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90f y36f4 w849 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f5 w84a h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.3<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento fondi p<span class=\"_ _1\"></span>ensione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x910 y36f5 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">2.758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x911 y36f5 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.053<span class=\"_ _4ac\"> </span></div></td><td class=\"c x912 y36f5 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">231<span class=\"_ _4ac\"> </span></div></td><td class=\"c x913 y36f5 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x914 y36f5 w84b h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x915 y36f5 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f6 w84c h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">2. Deb<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>er att<span class=\"_ _0\"></span>ivit\u00e0 di gest<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x916 y36f6 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x917 y36f6 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">252<span class=\"_ _4ac\"> </span></div></td><td class=\"c x918 y36f6 w84d h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.771<span class=\"_ _4ac\"> </span></div></td><td class=\"c x919 y36f6 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91a y36f6 w84e h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.297<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91b y36f6 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f8 w84f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">2.1<span class=\"_ _1\"></span> per gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91c y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91d y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91e y36f8 w845 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">1.302<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91f y36f8 w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x920 y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x921 y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f9 w850 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">2.2<span class=\"_ _1\"></span> per gestioni ricevute in delega<span class=\"_ _4ac\"> </span></div></td><td class=\"c x922 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x923 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">252<span class=\"_ _4ac\"> </span></div></td><td class=\"c x924 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">468<span class=\"_ _4ac\"> </span></div></td><td class=\"c x925 y36f9 w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x926 y36f9 w845 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">1.297<span class=\"_ _4ac\"> </span></div></td><td class=\"c x927 y36f9 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fa w851 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e4\">2.3 per a<span class=\"_ _0\"></span>ltr<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x928 y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x929 y36fa w852 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92a y36fa w853 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92b y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92c y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92d y36fa w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fb w854 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls242 ws4dd\">3. Deb<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>er altri se<span class=\"_ _0\"></span>rvizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92e y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92f y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x930 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x931 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x932 y36fb w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x933 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fc w855 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls242 ws4dd\">4. Altri d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x934 y36fc w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">421<span class=\"_ _4ac\"> </span></div></td><td class=\"c x929 y36fc w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">409<span class=\"_ _4ac\"> </span></div></td><td class=\"c x935 y36fc w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x936 y36fc w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x937 y36fc w856 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">42.056<span class=\"_ _4ac\"> </span></div></td><td class=\"c x938 y36fc w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fd w857 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">4.2<span class=\"_ _1\"></span> debiti per le<span class=\"_ _1\"></span>asing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x939 y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93a y36fd w852 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93b y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93c y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93d y36fd w858 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">22.<span class=\"_ _0\"></span>030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93e y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fe w859 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e4\">4.3 alt<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93f y36fe w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">421<span class=\"_ _4ac\"> </span></div></td><td class=\"c x940 y36fe w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">409<span class=\"_ _4ac\"> </span></div></td><td class=\"c x941 y36fe w841 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x942 y36fe w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x943 y36fe w85a h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">20.026<span class=\"_ _4ac\"> </span></div></td><td class=\"c x944 y36fe w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1dc1 ff2 fs4a fc0 sc0 ls245 ws4e5\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x945 y36ff w85b h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">181.181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x946 y36ff w85c h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">90.843<span class=\"_ _4ac\"> </span></div></td><td class=\"c x947 y36ff w84e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">3.040<span class=\"_ _4ac\"> </span></div></td><td class=\"c x948 y36ff w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x949 y36ff w85d h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">47.634<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94a y36ff w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1dc4 ff2 fs4a fc0 sc0 ls245 ws4e5\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td class=\"c x945 y345e w85b h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">163.545<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94b y345e w85e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls247 ws4e4\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94c y345e w83e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">2.<span class=\"_ _0\"></span>155<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94d y345e w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94e y345e w85d h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">49.843<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94f y345e w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-626": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs533\">Sezione 4 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Atti<span class=\"_ _0\"></span>vit\u00e0 f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ziarie<span class=\"_ _0\"></span> valutate<span class=\"_ _0\"></span> al costo<span class=\"_ _0\"></span> ammorti<span class=\"_ _0\"></span>zzato </span>\u2013 </span>Vo<span class=\"_ _0\"></span>ce 40<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs534\">4<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>ziar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al co<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rtiz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> m<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>lo<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> </span></div><div class=\"gs535\"><table class=\"s w5ee h457\" id=\"_47c6fac6-5c9f-41ef-82db-20a95d864ee7\"><tr><td></td><td></td><td></td><td class=\"c x672 y35cc w140 h17d\"><div class=\"t m25 x76 h17b y1a71 ff2 fs32 fc0 sc0 ls195 ws3e9\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x673 y35cc w141 h17d\"><div class=\"t m25 x76 h17b y1a71 ff2 fs32 fc0 sc0 ls195 ws3e9\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.2024<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x672 y35cd w142 h17e\"><div class=\"t m25 xb2 h17b y1a73 ff2 fs32 fc0 sc0 ls191 ws3e2\">Valore di bilancio<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x674 y35cd w143 h17e\"><div class=\"t m25 x4b h17b y1a74 ff2 fs32 fc0 sc0 ls199 ws3ea\">Fair Value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x673 y35cd w144 h17e\"><div class=\"t m25 x4b h17b y1a73 ff2 fs32 fc0 sc0 ls191 ws3e2\">Valore di bilancio<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x675 y35cd w145 h17e\"><div class=\"t m25 xb2 h17b y1a74 ff2 fs32 fc0 sc0 ls199 ws3ea\">Fair Value<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 x58 h17b y1a59 ff1 fs32 fc0 sc0 ls194 ws3e0\">di cui: </div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x677 y35ce w13f h17c\"><div class=\"t m25 x5a h17b y1a5e ff1 fs32 fc0 sc0 ls194 ws3e0\">di cui: </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y35cf w13b h17a\"><div class=\"t m25 x3c h17b y1a54 ff2 fs32 fc0 sc0 ls191 ws3dd\">Dett<span class=\"_ _0\"></span>aglio/Valori<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 xf7 h17b y1a5a ff1 fs32 fc0 sc0 ls193 ws3e1\">impai<span class=\"_ _0\"></span>red </div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x677 y35ce w13f h17c\" colspan=\"2\"><div class=\"t m25 x60 h17b y1a5f ff1 fs32 fc0 sc0 ls193 ws3e1\">impai<span class=\"_ _0\"></span>red </div></td><td></td><td></td></tr><tr><td></td><td class=\"c x672 y35ce w13c h17c\"><div class=\"t m25 x3c h17b y1a56 ff1 fs32 fc0 sc0 ls192 ws3de\">Primo<span class=\"_ _0\"></span> e </div></td><td></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 xba h17b y1a5b ff1 fs32 fc0 sc0 ls194 ws3e0\">acquisite o </div></td><td></td><td></td><td></td><td class=\"c x673 y35ce w13e h17c\"><div class=\"t m25 x3c h17b y1a56 ff1 fs32 fc0 sc0 ls192 ws3de\">Primo<span class=\"_ _0\"></span> e </div></td><td></td><td class=\"c x677 y35ce w13f h17c\" colspan=\"2\"><div class=\"t m25 xba h17b y1a60 ff1 fs32 fc0 sc0 ls194 ws3e0\">acquisite o </div></td><td></td><td></td></tr><tr><td></td><td class=\"c x672 y35ce w13c h17c\"><div class=\"t m25 x3c h17b y1a57 ff1 fs32 fc0 sc0 ls193 ws3df\">sec<span class=\"_ _0\"></span>ondo s<span class=\"_ _0\"></span>tadio</div></td><td class=\"c x2cd y35ce w13b h17c\"><div class=\"t m25 x11b h17b y1a58 ff1 fs32 fc0 sc0 ls194 ws3e0\">Terzo stadio</div></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 xf7 h17b y1a5c ff1 fs32 fc0 sc0 ls194 ws3df\">originate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x678 y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x679 y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67a y35d1 w5f0 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x673 y35ce w13e h17c\"><div class=\"t m25 x3c h17b y1a57 ff1 fs32 fc0 sc0 ls193 ws3df\">sec<span class=\"_ _0\"></span>ondo s<span class=\"_ _0\"></span>tadio</div></td><td class=\"c x2cd y35ce w13b h17c\"><div class=\"t m25 x3a h17b y1a58 ff1 fs32 fc0 sc0 ls194 ws3e0\">Terzo stadio</div></td><td class=\"c x677 y35ce w13f h17c\"><div class=\"t m25 x60 h17b y1a61 ff1 fs32 fc0 sc0 ls194 ws3df\">originate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67b y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67c y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67d y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d2 w5f1 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls191 ws3e2\">1. Cred<span class=\"_ _0\"></span>iti pe<span class=\"_ _0\"></span>r servizio di gest<span class=\"_ _0\"></span>ioni di patrim<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67e y35d2 w5f2 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">161.330<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67f y35d2 w5f3 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.435<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x680 y35d2 w5f4 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">157.550<span class=\"_ _4ac\"> </span></div></td><td class=\"c x682 y35d2 w5f5 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">9.<span class=\"_ _4ac\"> </span></div><div class=\"t m25 x681 h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">215<span class=\"_ _4ac\"> </span></div></td><td class=\"c x683 y35d2 w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">132.<span class=\"_ _0\"></span>173<span class=\"_ _4ac\"> </span></div></td><td class=\"c x684 y35d2 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">3.369<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x685 y35d2 w5f2 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">130.427<span class=\"_ _4ac\"> </span></div></td><td class=\"c x686 y35d2 w5f8 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.<span class=\"_ _0\"></span>115<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d3 w5f9 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">1.1 ge<span class=\"_ _1\"></span>stione di OI<span class=\"_ _0\"></span>CR<span class=\"_ _4ac\"> </span></div></td><td class=\"c x687 y35d3 w5fa h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">100.467<span class=\"_ _4ac\"> </span></div></td><td class=\"c x688 y35d3 w5fb h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">5.435<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x689 y35d3 w5fc h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">96.687<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68a y35d3 w5fd h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">9.215<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68b y35d3 w5fe h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">101.894<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68c y35d3 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">3.369<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x68d y35d3 w600 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">100.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68e y35d3 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">5.115<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d4 w601 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">1.2 ge<span class=\"_ _1\"></span>stione individuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68f y35d4 w602 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">31.455<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x690 y35d4 w603 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">31.455<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x691 y35d4 w602 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">22.998<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x692 y35d4 w5fc h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">22.998<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35d5 w604 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">1.3 ge<span class=\"_ _1\"></span>stione di fondi pensione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x693 y35d5 w605 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">29.<span class=\"_ _0\"></span>408<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x694 y35d5 w5fc h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">29.408<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x695 y35d5 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.281<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x696 y35d5 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.281<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35d6 w606 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls191 ws3e2\">2. Cred<span class=\"_ _0\"></span>iti pe<span class=\"_ _0\"></span>r altri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x697 y35d6 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">1.279<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x698 y35d6 w607 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">588<span class=\"_ _4ac\"> </span></div></td><td class=\"c x699 y35d6 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">690<span class=\"_ _4ac\"> </span></div></td><td class=\"c x69a y35d6 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">1.147<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x69b y35d6 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">492<span class=\"_ _4ac\"> </span></div></td><td class=\"c x69c y35d6 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">655<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d7 w609 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls197 ws3e6\">2.1 cons<span class=\"_ _0\"></span>ulenze<span class=\"_ _4ac\"> </span></div></td><td class=\"c x69d y35d7 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">588<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x69e y35d7 w607 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">588<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x69f y35d7 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">492<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6a0 y35d7 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">492<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35d8 w60a h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e7\">2.3 alt<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6a1 y35d8 w607 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">690<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x6a2 y35d8 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">690<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6a3 y35d8 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">655<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x6a4 y35d8 w60b h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">655<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d9 w60c h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls191 ws3e2\">3. Altri cred<span class=\"_ _0\"></span>iti:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6a5 y35d9 w5f8 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">7.<span class=\"_ _0\"></span>663<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6a6 y35d9 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">7.663<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6a7 y35d9 w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">123.<span class=\"_ _0\"></span>171<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6a8 y35d9 w5f2 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">123.171<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x2cd y35cf w13b h17a\"><div class=\"t m25 x3c h17b y1a6b ff1 fs32 fc0 sc0 ls194 ws3e0\">3.1 p<span class=\"_ _1\"></span>ronti contro termine<span class=\"_ _4ac\"> </span></div></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 x212 y35da w60d h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">3.2 d<span class=\"_ _1\"></span>epositi a sc<span class=\"_ _0\"></span>adenza e conti correnti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x6a9 y35da w5fa h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">122.613<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6aa y35da w5fe h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">122.613<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35db w60a h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e7\">3.3 alt<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ab y35db w5fb h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.663<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6ac y35db w5fb h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.663<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ad y35db w60b h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">558<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6ae y35db w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">558<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x2cd y35cf w13b h17a\"><div class=\"t m25 x3c h17b y1a6e ff2 fs32 fc0 sc0 ls191 ws3e2\">4. Titoli d<span class=\"_ _0\"></span>i deb<span class=\"_ _0\"></span>ito<span class=\"_ _4ac\"> </span></div></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 x212 y345e w60e h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls198 ws3e8\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6af y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">170.<span class=\"_ _0\"></span>272<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b0 y345e w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.435<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x6b1 y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">165.<span class=\"_ _0\"></span>802<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b2 y345e w5f8 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">9.<span class=\"_ _0\"></span>906<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b3 y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">256.<span class=\"_ _0\"></span>491<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b4 y345e w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">3.369<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x6b5 y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">254.<span class=\"_ _0\"></span>090<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b6 y345e w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.770<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs536\">Nella tabella sopra<span class=\"_ _0\"></span> rappresentata nella voce \u201c1. Crediti per servizio di gestione di patrimoni\u201d </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs537\">sono classif<span class=\"_ _0\"></span>icati (i) i crediti pe<span class=\"_ _0\"></span>r le commissioni di gest<span class=\"_ _0\"></span>ione e di performance che<span class=\"_ _0\"></span> il Gruppo vanta </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs538\">principalmente nei confronti de<span class=\"_ _0\"></span>i fondi da <span class=\"_ _1\"></span>esso istitu<span class=\"_ _0\"></span>iti, (ii) i crediti per le <span class=\"_ _1\"></span><span class=\"ls31 ws84\">comm<span class=\"_ _0\"></span>ission<span class=\"_ _0\"></span>i derivant<span class=\"_ _0\"></span>i </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs539\">dalle deleghe di gestion<span class=\"_ _0\"></span>e e (iii) i crediti per le commissioni derivanti dall\u2019att<span class=\"_ _0\"></span>ivit\u00e0 di gestione di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs53a\">patrimoni a fa<span class=\"_ _0\"></span>vore di clientela istituzionale,<span class=\"_ _0\"></span> retail, private e fondi pens<span class=\"_ _0\"></span>ione.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs53b\">La variazione<span class=\"_ _0\"></span> della voce, rispetto all\u2019esercizio precedent<span class=\"_ _0\"></span>e \u00e8 principalmente attribuibile a<span class=\"_ _0\"></span> (i) </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gs53c\">maggiori credit<span class=\"_ _0\"></span>i derivanti dalle ritenute fiscali ed im<span class=\"_ _0\"></span>poste sostitutive calcolate sui prodotti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs53d\">gestiti per<span class=\"_ _0\"></span> i quali le SGR del Gruppo agiscono qu<span class=\"_ _0\"></span>ali sostituto<span class=\"_ _0\"></span> d<span class=\"ls30 ws8f\">i imp<span class=\"_ _1c\"></span>osta per <span class=\"_ _1\"></span>circa<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>29,8<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs53e\">milioni, (ii) maggiori cr<span class=\"_ _0\"></span>editi riferiti a commissioni e anticipi correla<span class=\"_ _0\"></span>ti ai prodotti gestiti dal <span class=\"ls71 ws7e\">Gr<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>ppo<span class=\"_ _4ac\"> </span></span><span class=\"ls71 ws7e\"><span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs540\">per circa<span class=\"_ _0\"></span> Euro 9,3 milioni, al netto di (iii) m<span class=\"_ _0\"></span>inori crediti riferiti a co<span class=\"_ _0\"></span>mmissioni di performance per </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs541\">circa <span class=\"_ _0\"></span>Euro 7,9 m<span class=\"_ _0\"></span>ilioni.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs542\">Nella voce \"2. Crediti per altri servizi\"<span class=\"_ _0\"></span> sono rappresentati principalmente i credit<span class=\"_ _0\"></span>i derivanti dalle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws107 gs543\">attiv<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>i <span class=\"ff5 ls38 ws110\">\u201c<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ting\u201d<span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls1c ws27\">e <span class=\"_ _86\"></span></span></span><span class=\"ls11 wse5\">\u201cs<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>cu<span class=\"_ _13\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span> le<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>\u201d<span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span></span><span class=\"ff1\">effettu<span class=\"_ _0\"></span>ate dalla controllata Anima Alternative<span class=\"_ _1\"></span> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs544\">SGR per c<span class=\"_ _0\"></span>irca Euro 0,6 milioni e<span class=\"_ _0\"></span> dall\u2019attivit<span class=\"_ _0\"></span>\u00e0 di \u201cAdvisory\u201d e<span class=\"_ _0\"></span>ffettuata dalle c<span class=\"_ _0\"></span>ontrollate Anima S<span class=\"_ _0\"></span>GR </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gs545\">e Kairo<span class=\"_ _0\"></span>s SGR<span class=\"_ _0\"></span> per circa Eu<span class=\"_ _0\"></span>ro 0,6 mil<span class=\"_ _0\"></span>ioni.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs546\">Nella voce \u201c3.<span class=\"_ _0\"></span> Altri crediti\u201d sono classificat<span class=\"_ _0\"></span>i nella sottovoce \u201c3.3 altri\u201d (i) i c<span class=\"_ _0\"></span>rediti finanziari is<span class=\"_ _0\"></span>critti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsd2 gs547\">in re<span class=\"_ _1\"></span>lazi<span class=\"_ _1c\"></span>one a <span class=\"_ _1\"></span>contra<span class=\"_ _1c\"></span>tti di s<span class=\"_ _1c\"></span>ubloca<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> di atti<span class=\"_ _1c\"></span>vit\u00e0 cos<span class=\"_ _1c\"></span>titui<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span> diri<span class=\"_ _1\"></span>tti d<span class=\"_ _1\"></span>\u2019uso<span class=\"_ _1\"></span> acq<span class=\"_ _1\"></span>uisi<span class=\"_ _1\"></span>ti tra<span class=\"_ _1c\"></span>mite<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs548\">contratt<span class=\"_ _0\"></span>i di locazione rientra<span class=\"_ _0\"></span>nti nel campo di applicaz<span class=\"_ _0\"></span>ione del prin<span class=\"_ _0\"></span>cipio contabile IF<span class=\"_ _0\"></span>RS 16 per </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7d gs549\">circa Euro<span class=\"_ _0\"></span> 0,3 milioni (circa Euro 0,6 milioni al 31 dicem<span class=\"_ _0\"></span>bre 2024) e (ii) altri crediti, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1e3 gs54a\">princi<span class=\"_ _1\"></span>palm<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span> brev<span class=\"_ _1\"></span>e termi<span class=\"_ _1c\"></span>ne, per cir<span class=\"_ _1\"></span>ca Eu<span class=\"_ _1\"></span>ro 7,4 <span class=\"_ _1\"></span>milio<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span>i (s<span class=\"_ _1\"></span>ottov<span class=\"_ _1\"></span>oce non v<span class=\"_ _1\"></span>alori<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ta al 3<span class=\"_ _1\"></span>1 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs54b\">dicemb<span class=\"_ _1c\"></span>re 2024). </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws3eb gs54c\">Al 31 di<span class=\"_ _0\"></span>cembre<span class=\"_ _0\"></span> 2024 nell<span class=\"_ _0\"></span>a sott<span class=\"_ _0\"></span>ovoce \u201c3.<span class=\"_ _0\"></span>2 depo<span class=\"_ _0\"></span>siti a sc<span class=\"_ _0\"></span>adenz<span class=\"_ _0\"></span>a e conti co<span class=\"_ _0\"></span>rrent<span class=\"_ _0\"></span>i\u201d er<span class=\"_ _0\"></span>ano </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws155 gs54d\">rapp<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span> i <span class=\"ff5 ls11 wsbc\">tim<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws86\">apert<span class=\"_ _0\"></span>i con primari istitut<span class=\"_ _0\"></span>i di credito, per un importo pari a c<span class=\"_ _0\"></span>irca </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws12f gs54e\">Euro <span class=\"_ _0\"></span>122,<span class=\"_ _0\"></span>6 milio<span class=\"_ _0\"></span>ni<span class=\"ff3 ls1 ws1\"> </span><span class=\"lsf ws104\">ch<span class=\"_ _1c\"></span>e sono<span class=\"_ _1\"></span> giu<span class=\"_ _1\"></span>nti a<span class=\"_ _1c\"></span> scadenz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>nel c<span class=\"_ _1\"></span>ors<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>l\u2019es<span class=\"_ _1\"></span>erciz<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>e non<span class=\"_ _1\"></span> son<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>ti ri<span class=\"_ _1c\"></span>nnova<span class=\"_ _1\"></span>ti.<span class=\"_ _4ac\"> </span></span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs54f\">4<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>ziar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al co<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rtiz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> pe<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>b<span class=\"_ _13\"></span>ito<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i/<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\"> </span></div><div class=\"gs550\"><table class=\"s w61a h45b\" id=\"_589f0475-1864-4611-9418-ae29a621da37\"><tr><td class=\"c x212 y35e3 w61b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19a ws3ec\">Com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>e/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>te<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c2 y35e4 w147 h182\"><div class=\"t m26 x84 h181 y1a95 ff2 fs33 fc0 sc0 ls1a1 ws3f6\">Banche<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c3 y35e3 w61c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di cu<span class=\"_ _1\"></span>i: del<span class=\"_ _1\"></span> Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c4 y35e4 w148 h182\"><div class=\"t m26 x3c h181 y1a95 ff2 fs33 fc0 sc0 ls19c ws3ee\">Societ\u00e0 finanz<span class=\"_ _0\"></span>iarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c5 y35e3 w61d h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di c<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>: del G<span class=\"_ _1c\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c6 y35e4 w149 h182\"><div class=\"t m26 x84 h181 y1a95 ff2 fs33 fc0 sc0 ls19c ws3f7\">Client<span class=\"_ _0\"></span>ela<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c7 y35e3 w61c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di cu<span class=\"_ _1\"></span>i: del<span class=\"_ _1\"></span> Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y357b w61e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">1.<span class=\"_ _1ab\"> </span>Cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>i per s<span class=\"_ _0\"></span>ervizi di ges<span class=\"_ _0\"></span>tione di p<span class=\"_ _0\"></span>atrim<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c8 y357b w61f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">402<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c9 y357b w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ca y357b w621 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">29.544<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cb y357b w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cc y357b w623 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">136.<span class=\"_ _0\"></span>820<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cd y357b w624 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">3.<span class=\"_ _0\"></span>610<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e5 w625 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.1<span class=\"_ _1\"></span> gestione di OI<span class=\"_ _0\"></span>CR<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ce y35e5 w626 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cf y35e5 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">29.544<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d0 y35e5 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d1 y35e5 w628 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">76.358<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d2 y35e5 w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e6 w629 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.2<span class=\"_ _1\"></span> gestione individuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d3 y35e6 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">402<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d4 y35e6 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d5 y35e6 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d6 y35e6 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">31.053<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d7 y35e6 w62b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">3.610<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e7 w62c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.3<span class=\"_ _1\"></span> gestione di fondi pensione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d8 y35e7 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d9 y35e7 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6da y35e7 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">29.408<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35e8 w62d h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">2.<span class=\"_ _1ab\"> </span>Cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>i per alt<span class=\"_ _0\"></span>ri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6db y35e8 w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">80<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6dc y35e8 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6dd y35e8 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">501<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6de y35e8 w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6df y35e8 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">698<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e0 y35e8 w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">451<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e9 w630 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1a0 ws3f3\">2.1 cons<span class=\"_ _0\"></span>ulenze<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e1 y35e9 w631 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e2 y35e9 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e3 y35e9 w61f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">501<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e4 y35e9 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e5 y35e9 w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">81<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e0 y35e9 w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">451<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ea w632 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f4\">2.3 al<span class=\"_ _0\"></span>tri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e6 y35ea w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">73<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e7 y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6e8 y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e9 y35ea w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">617<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ea y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35eb w633 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">3. Altr<span class=\"_ _0\"></span>i credit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6eb y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ec y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ed y35eb w634 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">7.<span class=\"_ _0\"></span>663<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ee y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ec w632 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f4\">3.3 al<span class=\"_ _0\"></span>tri<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ef y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6f0 y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f1 y35ec w635 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">7.663<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f2 y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ed w636 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">4. Tit<span class=\"_ _0\"></span>oli di de<span class=\"_ _0\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6f3 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6e4 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f4 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f5 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ee w637 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3f5\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f6 y35ee w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">482<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f7 y35ee w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f8 y35ee w621 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">30.045<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f9 y35ee w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fa y35ee w638 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">145.<span class=\"_ _0\"></span>181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fb y35ee w639 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">4.060<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w637 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3f5\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fc y345e w63a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">123.090<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fd y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fe y345e w63b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">25.322<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e8 y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ff y345e w623 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">111.<span class=\"_ _0\"></span>448<span class=\"_ _4ac\"> </span></div></td><td class=\"c x700 y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToCustomersExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-713": {
   "value": "Sezione 4 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Atti<span class=\"_ _0\"></span>vit\u00e0 f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ziarie<span class=\"_ _0\"></span> valutate<span class=\"_ _0\"></span> al costo<span class=\"_ _0\"></span> ammorti<span class=\"_ _0\"></span>zzato </span>\u2013 </span>Vo<span class=\"_ _0\"></span>ce 40<span class=\"ls1 ws1\"> </span>4<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>ziar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al co<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rtiz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> m<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>lo<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> </span><table class=\"s w5ee h457\" id=\"_47c6fac6-5c9f-41ef-82db-20a95d864ee7\"><tr><td></td><td></td><td></td><td class=\"c x672 y35cc w140 h17d\"><div class=\"t m25 x76 h17b y1a71 ff2 fs32 fc0 sc0 ls195 ws3e9\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x673 y35cc w141 h17d\"><div class=\"t m25 x76 h17b y1a71 ff2 fs32 fc0 sc0 ls195 ws3e9\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.2024<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x672 y35cd w142 h17e\"><div class=\"t m25 xb2 h17b y1a73 ff2 fs32 fc0 sc0 ls191 ws3e2\">Valore di bilancio<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x674 y35cd w143 h17e\"><div class=\"t m25 x4b h17b y1a74 ff2 fs32 fc0 sc0 ls199 ws3ea\">Fair Value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x673 y35cd w144 h17e\"><div class=\"t m25 x4b h17b y1a73 ff2 fs32 fc0 sc0 ls191 ws3e2\">Valore di bilancio<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x675 y35cd w145 h17e\"><div class=\"t m25 xb2 h17b y1a74 ff2 fs32 fc0 sc0 ls199 ws3ea\">Fair Value<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 x58 h17b y1a59 ff1 fs32 fc0 sc0 ls194 ws3e0\">di cui: </div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x677 y35ce w13f h17c\"><div class=\"t m25 x5a h17b y1a5e ff1 fs32 fc0 sc0 ls194 ws3e0\">di cui: </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y35cf w13b h17a\"><div class=\"t m25 x3c h17b y1a54 ff2 fs32 fc0 sc0 ls191 ws3dd\">Dett<span class=\"_ _0\"></span>aglio/Valori<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 xf7 h17b y1a5a ff1 fs32 fc0 sc0 ls193 ws3e1\">impai<span class=\"_ _0\"></span>red </div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x677 y35ce w13f h17c\" colspan=\"2\"><div class=\"t m25 x60 h17b y1a5f ff1 fs32 fc0 sc0 ls193 ws3e1\">impai<span class=\"_ _0\"></span>red </div></td><td></td><td></td></tr><tr><td></td><td class=\"c x672 y35ce w13c h17c\"><div class=\"t m25 x3c h17b y1a56 ff1 fs32 fc0 sc0 ls192 ws3de\">Primo<span class=\"_ _0\"></span> e </div></td><td></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 xba h17b y1a5b ff1 fs32 fc0 sc0 ls194 ws3e0\">acquisite o </div></td><td></td><td></td><td></td><td class=\"c x673 y35ce w13e h17c\"><div class=\"t m25 x3c h17b y1a56 ff1 fs32 fc0 sc0 ls192 ws3de\">Primo<span class=\"_ _0\"></span> e </div></td><td></td><td class=\"c x677 y35ce w13f h17c\" colspan=\"2\"><div class=\"t m25 xba h17b y1a60 ff1 fs32 fc0 sc0 ls194 ws3e0\">acquisite o </div></td><td></td><td></td></tr><tr><td></td><td class=\"c x672 y35ce w13c h17c\"><div class=\"t m25 x3c h17b y1a57 ff1 fs32 fc0 sc0 ls193 ws3df\">sec<span class=\"_ _0\"></span>ondo s<span class=\"_ _0\"></span>tadio</div></td><td class=\"c x2cd y35ce w13b h17c\"><div class=\"t m25 x11b h17b y1a58 ff1 fs32 fc0 sc0 ls194 ws3e0\">Terzo stadio</div></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 xf7 h17b y1a5c ff1 fs32 fc0 sc0 ls194 ws3df\">originate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x678 y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x679 y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67a y35d1 w5f0 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x673 y35ce w13e h17c\"><div class=\"t m25 x3c h17b y1a57 ff1 fs32 fc0 sc0 ls193 ws3df\">sec<span class=\"_ _0\"></span>ondo s<span class=\"_ _0\"></span>tadio</div></td><td class=\"c x2cd y35ce w13b h17c\"><div class=\"t m25 x3a h17b y1a58 ff1 fs32 fc0 sc0 ls194 ws3e0\">Terzo stadio</div></td><td class=\"c x677 y35ce w13f h17c\"><div class=\"t m25 x60 h17b y1a61 ff1 fs32 fc0 sc0 ls194 ws3df\">originate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67b y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67c y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67d y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d2 w5f1 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls191 ws3e2\">1. Cred<span class=\"_ _0\"></span>iti pe<span class=\"_ _0\"></span>r servizio di gest<span class=\"_ _0\"></span>ioni di patrim<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67e y35d2 w5f2 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">161.330<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67f y35d2 w5f3 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.435<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x680 y35d2 w5f4 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">157.550<span class=\"_ _4ac\"> </span></div></td><td class=\"c x682 y35d2 w5f5 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">9.<span class=\"_ _4ac\"> </span></div><div class=\"t m25 x681 h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">215<span class=\"_ _4ac\"> </span></div></td><td class=\"c x683 y35d2 w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">132.<span class=\"_ _0\"></span>173<span class=\"_ _4ac\"> </span></div></td><td class=\"c x684 y35d2 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">3.369<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x685 y35d2 w5f2 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">130.427<span class=\"_ _4ac\"> </span></div></td><td class=\"c x686 y35d2 w5f8 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.<span class=\"_ _0\"></span>115<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d3 w5f9 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">1.1 ge<span class=\"_ _1\"></span>stione di OI<span class=\"_ _0\"></span>CR<span class=\"_ _4ac\"> </span></div></td><td class=\"c x687 y35d3 w5fa h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">100.467<span class=\"_ _4ac\"> </span></div></td><td class=\"c x688 y35d3 w5fb h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">5.435<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x689 y35d3 w5fc h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">96.687<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68a y35d3 w5fd h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">9.215<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68b y35d3 w5fe h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">101.894<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68c y35d3 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">3.369<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x68d y35d3 w600 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">100.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68e y35d3 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">5.115<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d4 w601 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">1.2 ge<span class=\"_ _1\"></span>stione individuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68f y35d4 w602 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">31.455<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x690 y35d4 w603 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">31.455<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x691 y35d4 w602 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">22.998<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x692 y35d4 w5fc h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">22.998<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35d5 w604 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">1.3 ge<span class=\"_ _1\"></span>stione di fondi pensione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x693 y35d5 w605 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">29.<span class=\"_ _0\"></span>408<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x694 y35d5 w5fc h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">29.408<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x695 y35d5 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.281<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x696 y35d5 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.281<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35d6 w606 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls191 ws3e2\">2. Cred<span class=\"_ _0\"></span>iti pe<span class=\"_ _0\"></span>r altri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x697 y35d6 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">1.279<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x698 y35d6 w607 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">588<span class=\"_ _4ac\"> </span></div></td><td class=\"c x699 y35d6 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">690<span class=\"_ _4ac\"> </span></div></td><td class=\"c x69a y35d6 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">1.147<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x69b y35d6 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">492<span class=\"_ _4ac\"> </span></div></td><td class=\"c x69c y35d6 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">655<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d7 w609 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls197 ws3e6\">2.1 cons<span class=\"_ _0\"></span>ulenze<span class=\"_ _4ac\"> </span></div></td><td class=\"c x69d y35d7 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">588<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x69e y35d7 w607 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">588<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x69f y35d7 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">492<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6a0 y35d7 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">492<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35d8 w60a h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e7\">2.3 alt<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6a1 y35d8 w607 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">690<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x6a2 y35d8 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">690<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6a3 y35d8 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">655<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x6a4 y35d8 w60b h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">655<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d9 w60c h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls191 ws3e2\">3. Altri cred<span class=\"_ _0\"></span>iti:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6a5 y35d9 w5f8 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">7.<span class=\"_ _0\"></span>663<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6a6 y35d9 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">7.663<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6a7 y35d9 w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">123.<span class=\"_ _0\"></span>171<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6a8 y35d9 w5f2 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">123.171<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x2cd y35cf w13b h17a\"><div class=\"t m25 x3c h17b y1a6b ff1 fs32 fc0 sc0 ls194 ws3e0\">3.1 p<span class=\"_ _1\"></span>ronti contro termine<span class=\"_ _4ac\"> </span></div></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 x212 y35da w60d h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">3.2 d<span class=\"_ _1\"></span>epositi a sc<span class=\"_ _0\"></span>adenza e conti correnti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x6a9 y35da w5fa h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">122.613<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6aa y35da w5fe h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">122.613<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35db w60a h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e7\">3.3 alt<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ab y35db w5fb h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.663<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6ac y35db w5fb h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.663<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ad y35db w60b h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">558<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6ae y35db w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">558<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x2cd y35cf w13b h17a\"><div class=\"t m25 x3c h17b y1a6e ff2 fs32 fc0 sc0 ls191 ws3e2\">4. Titoli d<span class=\"_ _0\"></span>i deb<span class=\"_ _0\"></span>ito<span class=\"_ _4ac\"> </span></div></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 x212 y345e w60e h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls198 ws3e8\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6af y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">170.<span class=\"_ _0\"></span>272<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b0 y345e w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.435<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x6b1 y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">165.<span class=\"_ _0\"></span>802<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b2 y345e w5f8 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">9.<span class=\"_ _0\"></span>906<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b3 y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">256.<span class=\"_ _0\"></span>491<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b4 y345e w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">3.369<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x6b5 y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">254.<span class=\"_ _0\"></span>090<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b6 y345e w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.770<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella tabella sopra<span class=\"_ _0\"></span> rappresentata nella voce \u201c1. Crediti per servizio di gestione di patrimoni\u201d sono classif<span class=\"_ _0\"></span>icati (i) i crediti pe<span class=\"_ _0\"></span>r le commissioni di gest<span class=\"_ _0\"></span>ione e di performance che<span class=\"_ _0\"></span> il Gruppo vanta principalmente nei confronti de<span class=\"_ _0\"></span>i fondi da <span class=\"_ _1\"></span>esso istitu<span class=\"_ _0\"></span>iti, (ii) i crediti per le <span class=\"_ _1\"></span><span class=\"ls31 ws84\">comm<span class=\"_ _0\"></span>ission<span class=\"_ _0\"></span>i derivant<span class=\"_ _0\"></span>i </span>dalle deleghe di gestion<span class=\"_ _0\"></span>e e (iii) i crediti per le commissioni derivanti dall\u2019att<span class=\"_ _0\"></span>ivit\u00e0 di gestione di patrimoni a fa<span class=\"_ _0\"></span>vore di clientela istituzionale,<span class=\"_ _0\"></span> retail, private e fondi pens<span class=\"_ _0\"></span>ione.<span class=\"ls1 ws1\"> </span>La variazione<span class=\"_ _0\"></span> della voce, rispetto all\u2019esercizio precedent<span class=\"_ _0\"></span>e \u00e8 principalmente attribuibile a<span class=\"_ _0\"></span> (i) maggiori credit<span class=\"_ _0\"></span>i derivanti dalle ritenute fiscali ed im<span class=\"_ _0\"></span>poste sostitutive calcolate sui prodotti gestiti per<span class=\"_ _0\"></span> i quali le SGR del Gruppo agiscono qu<span class=\"_ _0\"></span>ali sostituto<span class=\"_ _0\"></span> d<span class=\"ls30 ws8f\">i imp<span class=\"_ _1c\"></span>osta per <span class=\"_ _1\"></span>circa<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>29,8<span class=\"_ _1\"></span> </span>milioni, (ii) maggiori cr<span class=\"_ _0\"></span>editi riferiti a commissioni e anticipi correla<span class=\"_ _0\"></span>ti ai prodotti gestiti dal <span class=\"ls71 ws7e\">Gr<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>ppo<span class=\"_ _4ac\"> </span></span>227<span class=\"ff3 ls1 ws1\"> </span>per circa<span class=\"_ _0\"></span> Euro 9,3 milioni, al netto di (iii) m<span class=\"_ _0\"></span>inori crediti riferiti a co<span class=\"_ _0\"></span>mmissioni di performance per circa <span class=\"_ _0\"></span>Euro 7,9 m<span class=\"_ _0\"></span>ilioni.<span class=\"ls1 ws1\"> </span>Nella voce \"2. Crediti per altri servizi\"<span class=\"_ _0\"></span> sono rappresentati principalmente i credit<span class=\"_ _0\"></span>i derivanti dalle attiv<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>i <span class=\"ff5 ls38 ws110\">\u201c<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ting\u201d<span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls1c ws27\">e <span class=\"_ _86\"></span></span></span><span class=\"ls11 wse5\">\u201cs<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>cu<span class=\"_ _13\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span> le<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>\u201d<span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span></span><span class=\"ff1\">effettu<span class=\"_ _0\"></span>ate dalla controllata Anima Alternative<span class=\"_ _1\"></span> </span></span></span>SGR per c<span class=\"_ _0\"></span>irca Euro 0,6 milioni e<span class=\"_ _0\"></span> dall\u2019attivit<span class=\"_ _0\"></span>\u00e0 di \u201cAdvisory\u201d e<span class=\"_ _0\"></span>ffettuata dalle c<span class=\"_ _0\"></span>ontrollate Anima S<span class=\"_ _0\"></span>GR e Kairo<span class=\"_ _0\"></span>s SGR<span class=\"_ _0\"></span> per circa Eu<span class=\"_ _0\"></span>ro 0,6 mil<span class=\"_ _0\"></span>ioni.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>Nella voce \u201c3.<span class=\"_ _0\"></span> Altri crediti\u201d sono classificat<span class=\"_ _0\"></span>i nella sottovoce \u201c3.3 altri\u201d (i) i c<span class=\"_ _0\"></span>rediti finanziari is<span class=\"_ _0\"></span>critti in re<span class=\"_ _1\"></span>lazi<span class=\"_ _1c\"></span>one a <span class=\"_ _1\"></span>contra<span class=\"_ _1c\"></span>tti di s<span class=\"_ _1c\"></span>ubloca<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> di atti<span class=\"_ _1c\"></span>vit\u00e0 cos<span class=\"_ _1c\"></span>titui<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span> diri<span class=\"_ _1\"></span>tti d<span class=\"_ _1\"></span>\u2019uso<span class=\"_ _1\"></span> acq<span class=\"_ _1\"></span>uisi<span class=\"_ _1\"></span>ti tra<span class=\"_ _1c\"></span>mite<span class=\"_ _1\"></span> contratt<span class=\"_ _0\"></span>i di locazione rientra<span class=\"_ _0\"></span>nti nel campo di applicaz<span class=\"_ _0\"></span>ione del prin<span class=\"_ _0\"></span>cipio contabile IF<span class=\"_ _0\"></span>RS 16 per circa Euro<span class=\"_ _0\"></span> 0,3 milioni (circa Euro 0,6 milioni al 31 dicem<span class=\"_ _0\"></span>bre 2024) e (ii) altri crediti, princi<span class=\"_ _1\"></span>palm<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span> brev<span class=\"_ _1\"></span>e termi<span class=\"_ _1c\"></span>ne, per cir<span class=\"_ _1\"></span>ca Eu<span class=\"_ _1\"></span>ro 7,4 <span class=\"_ _1\"></span>milio<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span>i (s<span class=\"_ _1\"></span>ottov<span class=\"_ _1\"></span>oce non v<span class=\"_ _1\"></span>alori<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ta al 3<span class=\"_ _1\"></span>1 dicemb<span class=\"_ _1c\"></span>re 2024). Al 31 di<span class=\"_ _0\"></span>cembre<span class=\"_ _0\"></span> 2024 nell<span class=\"_ _0\"></span>a sott<span class=\"_ _0\"></span>ovoce \u201c3.<span class=\"_ _0\"></span>2 depo<span class=\"_ _0\"></span>siti a sc<span class=\"_ _0\"></span>adenz<span class=\"_ _0\"></span>a e conti co<span class=\"_ _0\"></span>rrent<span class=\"_ _0\"></span>i\u201d er<span class=\"_ _0\"></span>ano rapp<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span> i <span class=\"ff5 ls11 wsbc\">tim<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws86\">apert<span class=\"_ _0\"></span>i con primari istitut<span class=\"_ _0\"></span>i di credito, per un importo pari a c<span class=\"_ _0\"></span>irca </span></span>Euro <span class=\"_ _0\"></span>122,<span class=\"_ _0\"></span>6 milio<span class=\"_ _0\"></span>ni<span class=\"ff3 ls1 ws1\"> </span><span class=\"lsf ws104\">ch<span class=\"_ _1c\"></span>e sono<span class=\"_ _1\"></span> giu<span class=\"_ _1\"></span>nti a<span class=\"_ _1c\"></span> scadenz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>nel c<span class=\"_ _1\"></span>ors<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>l\u2019es<span class=\"_ _1\"></span>erciz<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>e non<span class=\"_ _1\"></span> son<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>ti ri<span class=\"_ _1c\"></span>nnova<span class=\"_ _1\"></span>ti.<span class=\"_ _4ac\"> </span></span>4<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>ziar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al co<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rtiz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> pe<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>b<span class=\"_ _13\"></span>ito<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i/<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\"> </span><table class=\"s w61a h45b\" id=\"_589f0475-1864-4611-9418-ae29a621da37\"><tr><td class=\"c x212 y35e3 w61b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19a ws3ec\">Com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>e/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>te<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c2 y35e4 w147 h182\"><div class=\"t m26 x84 h181 y1a95 ff2 fs33 fc0 sc0 ls1a1 ws3f6\">Banche<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c3 y35e3 w61c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di cu<span class=\"_ _1\"></span>i: del<span class=\"_ _1\"></span> Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c4 y35e4 w148 h182\"><div class=\"t m26 x3c h181 y1a95 ff2 fs33 fc0 sc0 ls19c ws3ee\">Societ\u00e0 finanz<span class=\"_ _0\"></span>iarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c5 y35e3 w61d h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di c<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>: del G<span class=\"_ _1c\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c6 y35e4 w149 h182\"><div class=\"t m26 x84 h181 y1a95 ff2 fs33 fc0 sc0 ls19c ws3f7\">Client<span class=\"_ _0\"></span>ela<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c7 y35e3 w61c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di cu<span class=\"_ _1\"></span>i: del<span class=\"_ _1\"></span> Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y357b w61e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">1.<span class=\"_ _1ab\"> </span>Cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>i per s<span class=\"_ _0\"></span>ervizi di ges<span class=\"_ _0\"></span>tione di p<span class=\"_ _0\"></span>atrim<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c8 y357b w61f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">402<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c9 y357b w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ca y357b w621 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">29.544<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cb y357b w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cc y357b w623 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">136.<span class=\"_ _0\"></span>820<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cd y357b w624 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">3.<span class=\"_ _0\"></span>610<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e5 w625 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.1<span class=\"_ _1\"></span> gestione di OI<span class=\"_ _0\"></span>CR<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ce y35e5 w626 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cf y35e5 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">29.544<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d0 y35e5 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d1 y35e5 w628 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">76.358<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d2 y35e5 w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e6 w629 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.2<span class=\"_ _1\"></span> gestione individuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d3 y35e6 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">402<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d4 y35e6 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d5 y35e6 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d6 y35e6 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">31.053<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d7 y35e6 w62b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">3.610<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e7 w62c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.3<span class=\"_ _1\"></span> gestione di fondi pensione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d8 y35e7 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d9 y35e7 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6da y35e7 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">29.408<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35e8 w62d h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">2.<span class=\"_ _1ab\"> </span>Cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>i per alt<span class=\"_ _0\"></span>ri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6db y35e8 w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">80<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6dc y35e8 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6dd y35e8 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">501<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6de y35e8 w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6df y35e8 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">698<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e0 y35e8 w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">451<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e9 w630 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1a0 ws3f3\">2.1 cons<span class=\"_ _0\"></span>ulenze<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e1 y35e9 w631 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e2 y35e9 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e3 y35e9 w61f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">501<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e4 y35e9 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e5 y35e9 w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">81<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e0 y35e9 w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">451<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ea w632 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f4\">2.3 al<span class=\"_ _0\"></span>tri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e6 y35ea w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">73<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e7 y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6e8 y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e9 y35ea w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">617<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ea y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35eb w633 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">3. Altr<span class=\"_ _0\"></span>i credit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6eb y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ec y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ed y35eb w634 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">7.<span class=\"_ _0\"></span>663<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ee y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ec w632 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f4\">3.3 al<span class=\"_ _0\"></span>tri<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ef y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6f0 y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f1 y35ec w635 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">7.663<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f2 y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ed w636 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">4. Tit<span class=\"_ _0\"></span>oli di de<span class=\"_ _0\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6f3 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6e4 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f4 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f5 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ee w637 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3f5\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f6 y35ee w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">482<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f7 y35ee w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f8 y35ee w621 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">30.045<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f9 y35ee w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fa y35ee w638 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">145.<span class=\"_ _0\"></span>181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fb y35ee w639 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">4.060<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w637 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3f5\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fc y345e w63a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">123.090<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fd y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fe y345e w63b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">25.322<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e8 y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ff y345e w623 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">111.<span class=\"_ _0\"></span>448<span class=\"_ _4ac\"> </span></div></td><td class=\"c x700 y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs566\">Sezione 8 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Atti<span class=\"_ _0\"></span>vit\u00e0 mate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>i </span>\u2013 </span>Voce 80<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs567\">8<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 m<span class=\"_ _13\"></span>ate<span class=\"_ _11\"></span>riali ad<span class=\"_ _0\"></span> u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al co<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs568\"><table class=\"s w63c h45d\" id=\"_596bee49-a4db-444d-a348-0f3c97a8f5e3\"><tr><td class=\"c x622 y35ef w14f h18c\"><div class=\"t m29 x24 h18d y1aca ff2 fs36 fc0 sc0 ls1b1 ws40b\">At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0/Valori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x701 y35f1 w63d h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40c\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x702 y35f1 w63d h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40c\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f2 w63e h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b3 ws40d\">1. At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0 prop<span class=\"_ _0\"></span>riet<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x703 y35f2 w63f h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">1.<span class=\"_ _0\"></span>431<span class=\"_ _4ac\"> </span></div></td><td class=\"c x704 y35f2 w640 h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">2.<span class=\"_ _0\"></span>809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f3 w641 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b4 ws410\">a) t<span class=\"_ _0\"></span>erreni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x705 y35f3 w642 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x706 y35f3 w643 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">755<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f4 w644 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b6 ws412\">b) f<span class=\"_ _0\"></span>abbri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x707 y35f4 w645 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x708 y35f4 w646 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">345<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f5 w647 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">c<span class=\"_ _0\"></span>) m<span class=\"_ _0\"></span>obili<span class=\"_ _4ac\"> </span></div></td><td class=\"c x709 y35f5 w648 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">472<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70a y35f5 w646 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">543<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f6 w649 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">d) impianti elettro<span class=\"_ _1\"></span>nic<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70b y35f6 w646 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">945<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70c y35f6 w64a h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">1.147<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f7 w64b h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">e) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70d y35f7 w64c h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">14<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70e y35f7 w64c h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">19<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f8 w64d h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b1 ws414\">2. Dirit<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i d'uso acquisit<span class=\"_ _0\"></span>i con il leasing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70f y35f8 w64e h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">20.731<span class=\"_ _4ac\"> </span></div></td><td class=\"c x710 y35f8 w64f h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">24.<span class=\"_ _0\"></span>967<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y35ef w14f h18c\"><div class=\"t m29 x24 h18d y1ad4 ff1 fs36 fc0 sc0 ls1b4 ws410\">a) t<span class=\"_ _0\"></span>erreni<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y35f9 w644 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b6 ws412\">b) f<span class=\"_ _0\"></span>abbri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x711 y35f9 w650 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">18.555<span class=\"_ _4ac\"> </span></div></td><td class=\"c x712 y35f9 w651 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">22.296<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fa w647 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">c<span class=\"_ _0\"></span>) m<span class=\"_ _0\"></span>obili<span class=\"_ _4ac\"> </span></div></td><td class=\"c x713 y35fa w652 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">52<span class=\"_ _4ac\"> </span></div></td><td class=\"c x714 y35fa w646 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">362<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fb w649 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">d) impianti elettro<span class=\"_ _1\"></span>nic<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70b y35fb w646 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">795<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70c y35fb w64a h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">1.124<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fc w64b h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">e) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x715 y35fc w64a h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">1.331<span class=\"_ _4ac\"> </span></div></td><td class=\"c x716 y35fc w653 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">1.<span class=\"_ _0\"></span>185<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w654 h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b8 ws415\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x717 y345e w64f h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">22.<span class=\"_ _0\"></span>163<span class=\"_ _4ac\"> </span></div></td><td class=\"c x718 y345e w655 h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">27.<span class=\"_ _0\"></span>776<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs569\">La v<span class=\"_ _1\"></span>oce \u201c1.<span class=\"_ _1\"></span> <span class=\"ls0 ws15\">Attivit\u00e0 di propriet<span class=\"_ _0\"></span>\u00e0\u201d ricomprende le attivit\u00e0 materiali ad uso funzionale di propriet\u00e0 </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs56a\">del Gruppo; in partico<span class=\"_ _0\"></span>lare la sottovoce \u201cd) impianti elettronici\u201d \u00e8 compost<span class=\"_ _0\"></span>a prevalentemente da </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs56b\">impianti elett<span class=\"_ _0\"></span>ronici ed elettromeccanic<span class=\"_ _0\"></span>i e da hardware informatici.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws81 gs56c\">La voce \u201c2.<span class=\"_ _0\"></span> Diritti d\u2019uso ac<span class=\"_ _0\"></span>quisiti con il le<span class=\"_ _0\"></span>asing\u201d ricompren<span class=\"_ _0\"></span>de i diritti d\u2019u<span class=\"_ _0\"></span>so acquisiti tram<span class=\"_ _0\"></span>ite </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs56d\">contratt<span class=\"_ _0\"></span>i di locazione (principa<span class=\"_ _0\"></span>lmente correlati agli uffici de<span class=\"_ _0\"></span>lle societ\u00e0 del Gruppo<span class=\"_ _0\"></span> Anima, oltre </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs56e\">ad immobili st<span class=\"_ _0\"></span>rumentali all\u2019att<span class=\"_ _0\"></span>ivit\u00e0 svolta da V<span class=\"_ _0\"></span>ita Srl) e <span class=\"ls11 ws29\">noleggio (auto<span class=\"_ _0\"></span> aziendali concesse in uso </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs56f\">promiscuo a t<span class=\"_ _0\"></span>aluni dipendenti e hardware<span class=\"_ _0\"></span>) rientranti nel campo di applicaz<span class=\"_ _0\"></span>ione del princ<span class=\"_ _0\"></span>ipio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs570\">conta<span class=\"_ _1\"></span>bile<span class=\"_ _1c\"></span> IFRS 16<span class=\"_ _1c\"></span>. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs572\">Si evidenzia che la variazione in diminuz<span class=\"_ _0\"></span>ione della voce relativa alle attivit\u00e0 di propriet\u00e0 rispetto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs573\">al precedente<span class=\"_ _0\"></span> esercizio deriva princ<span class=\"_ _0\"></span>ipalmente (i) dalla ven<span class=\"_ _0\"></span>dita effettuata n<span class=\"_ _0\"></span>el corso dell\u2019eserc<span class=\"_ _0\"></span>izio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs574\">da Anima SGR de<span class=\"_ _0\"></span>ll\u2019immobile sito in Novar<span class=\"_ _0\"></span>a e (ii) dalla<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls31 ws5a\">c<span class=\"_ _0\"></span>ompon<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>iva <span class=\"_ _0\"></span>all\u2019ammo<span class=\"_ _0\"></span>rtamen<span class=\"_ _0\"></span>to </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs575\">di p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs576\">Le ulter<span class=\"_ _0\"></span>iori informazioni pre<span class=\"_ _0\"></span>viste dal prin<span class=\"_ _0\"></span>cipio contabile<span class=\"_ _0\"></span> IFRS 16 sono fornite ne<span class=\"_ _0\"></span>lla \u201cParte D <span class=\"ls1 ws1\">\u2013 </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws1c6 gs577\">Altre<span class=\"_ _0\"></span> Inform<span class=\"_ _0\"></span>azioni<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013  <span class=\"ls1c wseb\">Sezione 7 </span>\u2013  <span class=\"lsf wsc5\">Info<span class=\"_ _1\"></span>rmati<span class=\"_ _1\"></span>va s<span class=\"_ _1\"></span>ul lea<span class=\"_ _1\"></span>sing<span class=\"_ _1\"></span>\u201d del<span class=\"_ _1\"></span>la pr<span class=\"_ _1\"></span>ese<span class=\"_ _1\"></span>nte No<span class=\"_ _1c\"></span>ta integ<span class=\"_ _1\"></span>rati<span class=\"_ _1\"></span>va </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs578\">Consolidata a cu<span class=\"_ _0\"></span>i si rimanda per dettaglio.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls33 ws25 gs579\">8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _13\"></span>\u00e0 m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _13\"></span>iali ad<span class=\"_ _13\"></span> u<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span> f<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>ale<span class=\"_ _11\"></span>: v<span class=\"_ _13\"></span>ar<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div><div class=\"gs57a\"><table class=\"s w656 h45e\" id=\"_5926e736-0e94-489e-bd57-864eb47c95a3\"><tr><td></td><td class=\"c x719 y35fe w657 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1b9 ws416\">Te<span class=\"_ _0\"></span>rreni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x71a y35fe w658 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1b9 ws416\">Fab<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ricati<span class=\"_ _4ac\"> </span></div></td><td class=\"c x71b y35fe w659 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1ba ws417\">Mobili<span class=\"_ _4ac\"> </span></div></td><td class=\"c x71c y35fe w65a h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bb ws418\">I<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>iant<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x71d y35fe w65b h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1ba ws417\">A<span class=\"_ _0\"></span>ltre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x71e y35fe w65c h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bc ws419\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x71f y35ff w65d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1ba ws417\">elet<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ronici<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x720 y35ff w65e h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3600 w65f h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1be ws41b\">A.<span class=\"_ _f6\"> </span><span class=\"ls1ba ws41c\">Esis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nze iniz<span class=\"_ _0\"></span>iali lorde<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x721 y3600 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">755<span class=\"_ _4ac\"> </span></div></td><td class=\"c x722 y3600 w661 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">36.<span class=\"_ _0\"></span>703<span class=\"_ _4ac\"> </span></div></td><td class=\"c x723 y3600 w662 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">4.<span class=\"_ _0\"></span>987<span class=\"_ _4ac\"> </span></div></td><td class=\"c x724 y3600 w663 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">13.532<span class=\"_ _4ac\"> </span></div></td><td class=\"c x725 y3600 w664 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">3.<span class=\"_ _0\"></span>703<span class=\"_ _4ac\"> </span></div></td><td class=\"c x726 y3600 w665 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">59.<span class=\"_ _0\"></span>680<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3601 w666 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">A<span class=\"_ _0\"></span>.1<span class=\"_ _1f\"> </span><span class=\"ls1c0 ws41e\">Riduzion<span class=\"_ _1\"></span>i di valore totali n<span class=\"_ _1\"></span>ette<span class=\"_ _4ac\"> </span></span></div></td><td></td><td class=\"c x727 y3601 w667 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>14.062)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x728 y3601 w668 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(4.<span class=\"_ _0\"></span>083)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x729 y3601 w669 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(11.261)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x72a y3601 w66a h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(2.499)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x72b y3601 w669 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(31.904)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x72d y3603 w66b h460\"><div class=\"t m2a x1fa h191 y3602 ff2 fs37 fc0 sc0 ls1be ws41b\">A.2<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x72c h191 y35fd ff2 fs37 fc0 sc0 ls1ba ws41c\">Esist<span class=\"_ _0\"></span>enze<span class=\"_ _0\"></span> iniziali net<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x72e y3603 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">755<span class=\"_ _4ac\"> </span></div></td><td class=\"c x72f y3603 w665 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">22.<span class=\"_ _0\"></span>641<span class=\"_ _4ac\"> </span></div></td><td class=\"c x730 y3603 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">904<span class=\"_ _4ac\"> </span></div></td><td class=\"c x731 y3603 w664 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">2.<span class=\"_ _0\"></span>271<span class=\"_ _4ac\"> </span></div></td><td class=\"c x732 y3603 w662 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.<span class=\"_ _0\"></span>205<span class=\"_ _4ac\"> </span></div></td><td class=\"c x733 y3603 w663 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">27.776<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3604 w66c h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1c1 ws41f\">B.<span class=\"_ _0\"></span> <span class=\"_ _d3\"> </span><span class=\"ls1bb ws418\">Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></span></div></td><td></td><td class=\"c x734 y3604 w664 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">3.<span class=\"_ _0\"></span>908<span class=\"_ _4ac\"> </span></div></td><td class=\"c x735 y3604 w66d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">31<span class=\"_ _4ac\"> </span></div></td><td class=\"c x736 y3604 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">414<span class=\"_ _4ac\"> </span></div></td><td class=\"c x737 y3604 w662 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.<span class=\"_ _0\"></span>077<span class=\"_ _4ac\"> </span></div></td><td class=\"c x738 y3604 w66e h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">5.430<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x72d y3605 w66f h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">B.1.<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x72c h191 y35fd ff1 fs37 fc0 sc0 ls1c0 ws420\">Ac<span class=\"_ _0\"></span>quisti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x739 y3605 w670 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">502<span class=\"_ _4ac\"> </span></div></td><td class=\"c x73a y3605 w671 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">31<span class=\"_ _4ac\"> </span></div></td><td class=\"c x73b y3605 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">296<span class=\"_ _4ac\"> </span></div></td><td class=\"c x73c y3605 w672 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">951<span class=\"_ _4ac\"> </span></div></td><td class=\"c x73d y3605 w673 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">1.781<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3606 w674 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">B.7<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x73e h191 y35fd ff1 fs37 fc0 sc0 ls1c0 ws41e\">Altre variazioni<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x73f y3606 w675 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">3.405<span class=\"_ _4ac\"> </span></div></td><td class=\"c x740 y3606 w676 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x741 y3606 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">118<span class=\"_ _4ac\"> </span></div></td><td class=\"c x742 y3606 w677 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">126<span class=\"_ _4ac\"> </span></div></td><td class=\"c x743 y3606 w673 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">3.649<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y349d w678 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1c2 ws421\">C.<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x744 h191 y35fd ff2 fs37 fc0 sc0 ls1bb ws418\">Dim<span class=\"_ _0\"></span>inuzioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x745 y349d w679 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(755)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x747 y349d w67a h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(<span class=\"_ _0\"></span>7.<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x746 h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">994)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x748 y349d w67b h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(<span class=\"_ _0\"></span>412)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x749 y349d w67b h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(<span class=\"_ _0\"></span>945)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x74a y349d w67c h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(<span class=\"_ _0\"></span>937)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x74b y349d w67d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(<span class=\"_ _0\"></span>11.<span class=\"_ _0\"></span>043)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3607 w67e h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">C<span class=\"_ _0\"></span>.1<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x73e h191 y35fd ff1 fs37 fc0 sc0 ls1c0 ws420\">Vendite<span class=\"_ _4ac\"> </span></div></td><td class=\"c x74c y3607 w67f h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(755)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x74d y3607 w680 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(2.<span class=\"_ _0\"></span>976)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x74e y3607 w681 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>237)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x74f y3607 w682 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>200)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x750 y3607 w683 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(4.169)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3608 w684 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">C<span class=\"_ _0\"></span>.2<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x73e h191 y35fd ff1 fs37 fc0 sc0 ls1c3 ws422\">Ammor<span class=\"_ _1c\"></span>tame<span class=\"_ _1c\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x751 y3608 w676 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x752 y3608 w66a h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(4.940)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x753 y3608 w685 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(412)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x754 y3608 w685 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(837)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x755 y3608 w685 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(647)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x756 y3608 w686 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>6.837)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3609 w674 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">C<span class=\"_ _0\"></span>.7<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x73e h191 y35fd ff1 fs37 fc0 sc0 ls1c0 ws41e\">Altre variazioni<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x757 y3609 w687 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(77)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x758 y3609 w688 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x759 y3609 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">130<span class=\"_ _4ac\"> </span></div></td><td class=\"c x75a y3609 w689 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(90)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x75b y3609 w68a h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>37)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y360a w68b h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1be ws41b\">D.<span class=\"_ _9d\"> </span><span class=\"ls1bb ws423\">Rim<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali net<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></span></div></td><td></td><td class=\"c x75c y360a w68c h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">18.<span class=\"_ _0\"></span>554<span class=\"_ _4ac\"> </span></div></td><td class=\"c x75d y360a w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">523<span class=\"_ _4ac\"> </span></div></td><td class=\"c x75e y360a w68d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.741<span class=\"_ _4ac\"> </span></div></td><td class=\"c x75f y360a w662 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.<span class=\"_ _0\"></span>344<span class=\"_ _4ac\"> </span></div></td><td class=\"c x760 y360a w663 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">22.163<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x72d y360b w68e h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">D<span class=\"_ _0\"></span>.1<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x72c h191 y35fd ff1 fs37 fc0 sc0 ls1c0 ws41e\">Ridu<span class=\"_ _1\"></span>zioni  di valor<span class=\"_ _1\"></span>e totali nette<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x761 y360b w667 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>14.760)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x763 y360b w68f h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(4.<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x762 h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">495)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x764 y360b w669 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(11.850)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x765 y360b w683 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(2.909)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x766 y360b w669 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(34.014)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x72d y360c w690 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">D<span class=\"_ _0\"></span>.2<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x72c h191 y35fd ff2 fs37 fc0 sc0 ls1ba ws41c\">Rimanenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali lorde<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x767 y360c w68c h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">33.<span class=\"_ _0\"></span>314<span class=\"_ _4ac\"> </span></div></td><td class=\"c x768 y360c w68d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">5.018<span class=\"_ _4ac\"> </span></div></td><td class=\"c x769 y360c w661 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">13.<span class=\"_ _0\"></span>591<span class=\"_ _4ac\"> </span></div></td><td class=\"c x76a y360c w662 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">4.<span class=\"_ _0\"></span>254<span class=\"_ _4ac\"> </span></div></td><td class=\"c x76b y360c w665 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">56.<span class=\"_ _0\"></span>177<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w691 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1c4 ws424\">E.<span class=\"_ _a6\"> </span><span class=\"ls1ba ws41c\">Valut<span class=\"_ _0\"></span>azione al costo<span class=\"_ _4ac\"> </span></span></div></td><td></td><td class=\"c x76c y345e w665 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">18.<span class=\"_ _0\"></span>554<span class=\"_ _4ac\"> </span></div></td><td class=\"c x76d y345e w670 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">523<span class=\"_ _4ac\"> </span></div></td><td class=\"c x76e y345e w68d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.741<span class=\"_ _4ac\"> </span></div></td><td class=\"c x76f y345e w664 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.<span class=\"_ _0\"></span>344<span class=\"_ _4ac\"> </span></div></td><td class=\"c x770 y345e w665 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">22.<span class=\"_ _0\"></span>163<span class=\"_ _4ac\"> </span></div></td></tr></table></div>Sezione 1 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>assivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anziarie v<span class=\"_ _0\"></span>alutate<span class=\"_ _0\"></span> al cos<span class=\"_ _0\"></span>to ammor<span class=\"_ _0\"></span>tizzato<span class=\"_ _0\"></span> </span>\u2013 </span>Voce 10<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>1.1<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls126 ws194\">P<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _1c\"></span><span class=\"ls2 ws44\">f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>: c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> m<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>lo<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>i<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff29 ls1 ws1\"><span class=\"ff5 ls126 ws194\"><span class=\"ls2 ws44\"> </span></span></span>de<span class=\"_ _0\"></span>bi<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w7ec h479\" id=\"_e5704dca-86ca-45da-8edd-f9195cd5b5c6\"><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d67 ff2 fs48 fc0 sc0 ls232 ws4c8\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a0 y36d5 w7ed h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a1 y36d5 w7ee h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d6 w7ef h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">1. De<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i verso re<span class=\"_ _0\"></span>ti d<span class=\"_ _0\"></span>i vend<span class=\"_ _0\"></span>ita:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a2 y36d6 w7f0 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">185.552<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a3 y36d6 w7f1 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">167.<span class=\"_ _0\"></span>258<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d7 w7f2 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento O<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a4 y36d7 w7f3 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">181.018<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a5 y36d7 w7f4 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">163.132<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d8 w7f5 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>2 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento ges<span class=\"_ _0\"></span>tioni in<span class=\"_ _1\"></span>dividuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a6 y36d8 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.543<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a7 y36d8 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.565<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d9 w7f7 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>3 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento fondi pen<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a8 y36d9 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.991<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a9 y36d9 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.561<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36da w7f8 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">D<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i pe<span class=\"_ _0\"></span>r at<span class=\"_ _0\"></span>tivit\u00e0 d<span class=\"_ _0\"></span>i ges<span class=\"_ _0\"></span>tione:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ac y36da w7f9 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">3.<span class=\"_ _0\"></span>825<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ad y36da w7f9 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">3.<span class=\"_ _0\"></span>356<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36db w7fa h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">2.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>er gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ae y36db w7fb h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.302<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8af y36db w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36dc w7fc h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">2.<span class=\"_ _1\"></span>2 p<span class=\"_ _1\"></span>er gestioni ric<span class=\"_ _0\"></span>evute<span class=\"_ _1\"></span> in dele<span class=\"_ _1\"></span>ga<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b0 y36dc w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.522<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b1 y36dc w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.062<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36dd w7fd h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cd\">2.3 pe<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ro<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b2 y36dd w7fe h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b3 y36dd w7ff h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36de w800 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">D<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i pe<span class=\"_ _0\"></span>r alt<span class=\"_ _0\"></span>ri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b4 y36de w801 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b5 y36de w802 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36df w803 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">ltri d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b6 y36df w804 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">42.<span class=\"_ _0\"></span>477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b7 y36df w804 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">44.<span class=\"_ _0\"></span>929<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e0 w805 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>ronti contro termine<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b8 y36e0 w806 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b9 y36e0 w806 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e1 w807 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>2 Debiti pe<span class=\"_ _1\"></span>r leasing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ba y36e1 w808 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">22.030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bb y36e1 w809 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">26.090<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e2 w80a h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>3 Altri deb<span class=\"_ _1\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bc y36e2 w80b h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls235 ws4cc\">20.<span class=\"_ _0\"></span>447<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bd y36e2 w809 h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls235 ws4cc\">18.839<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e3 w80c h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls236 ws4ce\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8be y36e3 w80d h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">231.<span class=\"_ _0\"></span>854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bf y36e3 w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">215.<span class=\"_ _0\"></span>543<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7b ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 1<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7c ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c0 y367c w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">212.<span class=\"_ _0\"></span>066<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c1 y367c w80d h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">196.<span class=\"_ _0\"></span>733<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7e ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c2 y367d w804 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">19.<span class=\"_ _0\"></span>788<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c3 y367d w80e h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">18.<span class=\"_ _0\"></span>810<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w80f h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls238 ws4d0\">Tot<span class=\"_ _0\"></span>ale f<span class=\"_ _0\"></span>air value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c4 y345e w7f0 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">231.854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c5 y345e w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">215.<span class=\"_ _0\"></span>543<span class=\"_ _4ac\"> </span></div></td></tr></table>I valori indicati nella sottovoce \u201c1. Debiti verso reti di vendita\u201d sono riconducibili qu<span class=\"_ _0\"></span>asi<span class=\"_ _4ac\"> </span> interamente alle commissioni da riconoscere ai distribut<span class=\"_ _0\"></span>ori dei prodotti istituiti e gestiti dal<span class=\"_ _4ac\"> </span> Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima<span class=\"_ _1\"></span>; tali<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>mmiss<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> verr<span class=\"_ _1\"></span>anno<span class=\"_ _1\"></span> pag<span class=\"_ _1\"></span>ate q<span class=\"_ _1\"></span>uasi i<span class=\"_ _1c\"></span>nteram<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> n<span class=\"ls31 ws154\">el corso del<span class=\"_ _0\"></span> primo<span class=\"_ _4ac\"> </span></span><span class=\"ls31 ws154\"> </span>tr<span class=\"_ _0\"></span>imestr<span class=\"_ _0\"></span>e del 2026<span class=\"_ _0\"></span>. L\u2019au<span class=\"_ _0\"></span>mento,<span class=\"_ _0\"></span> rispet<span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>l 31 dicem<span class=\"_ _0\"></span>bre 202<span class=\"_ _0\"></span>4, \u00e8 pr<span class=\"_ _0\"></span>incipa<span class=\"_ _0\"></span>lmente<span class=\"_ _0\"></span> dovuto<span class=\"_ _0\"></span> a<span class=\"_ _4ac\"> </span> magg<span class=\"_ _1\"></span>iori d<span class=\"_ _1\"></span>ebiti<span class=\"_ _1\"></span> per c<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssioni<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>manteni<span class=\"_ _1c\"></span>mento <span class=\"_ _1\"></span>e di c<span class=\"_ _1\"></span>olloca<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>o.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>Nella sotto<span class=\"_ _0\"></span>voce \u201c2. Debiti per attivit\u00e0 di gestione<span class=\"_ _0\"></span>\u201d, sono evidenziati i debiti riconducibili<span class=\"_ _4ac\"> </span> principalmente<span class=\"_ _0\"></span> (i) alle commissioni da riconoscere ai distribut<span class=\"_ _0\"></span>ori delle Sicav promosse e/o<span class=\"_ _4ac\"> </span> gestite<span class=\"_ _0\"></span> dal Gruppo Anima per circa 2,5 milioni e (ii) alle co<span class=\"_ _0\"></span>mmissioni<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>per l\u2019attivit<span class=\"_ _0\"></span>\u00e0 di gestioni di<span class=\"_ _4ac\"> </span> patri<span class=\"_ _1c\"></span>moni a fav<span class=\"_ _1c\"></span>ore di e<span class=\"_ _1c\"></span>nt<span class=\"_ _0\"></span>i fi<span class=\"_ _1c\"></span>nanziari<span class=\"_ _1\"></span> svol<span class=\"_ _1c\"></span>te da Ka<span class=\"_ _1\"></span>iros SG<span class=\"_ _1c\"></span>R per ci<span class=\"_ _1\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,<span class=\"_ _1\"></span>3 mili<span class=\"_ _1\"></span>oni.<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>La sottovoce \u201c4. Altri debiti <span class=\"ls1 ws1\">\u2013<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span><span class=\"ls0 wsf3\">4.2 Debiti per leasing\u201d \u00e8 costituit<span class=\"_ _0\"></span>a dal debito residuo, al 31<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 wsf3\"> </span></span>dicembre 2025,<span class=\"_ _0\"></span> in relazione ai dir<span class=\"_ _0\"></span>itti d\u2019uso is<span class=\"_ _0\"></span>critti in all\u2019a<span class=\"_ _0\"></span>pplicazione del prin<span class=\"_ _0\"></span>cipio contabile<span class=\"_ _0\"></span> IFRS<span class=\"_ _4ac\"> </span> 16.<span class=\"_ _47d\"></span>I<span class=\"_ _4ac\"> </span>l decremento nella voce<span class=\"_ _0\"></span> \u00e8 principalmente ricon<span class=\"_ _0\"></span>ducibil<span class=\"ls35 wsd2\">e ai pagam<span class=\"_ _0\"></span>enti, p<span class=\"_ _0\"></span>revalenteme<span class=\"_ _0\"></span>nte<span class=\"_ _4ac\"> </span></span>correlat<span class=\"_ _0\"></span>i alle locazioni degli immobili e al noleggio di auto, effettuati nell\u2019es<span class=\"_ _0\"></span>ercizio. Per maggior<span class=\"_ _47e\"></span>i<span class=\"_ _4ac\"> </span>in<span class=\"_ _4ac\"> </span>formazioni si rimanda alla \u201cParte<span class=\"_ _0\"></span> D <span class=\"ls1 ws1\">\u2013<span class=\"ls31 ws84\">Altre Inform<span class=\"_ _0\"></span>azioni </span>\u2013 <span class=\"_ _0\"></span><span class=\"ls1d wsff\">Sezi<span class=\"_ _0\"></span>one 7 </span>\u2013 <span class=\"_ _0\"></span><span class=\"ls11 wscf\">Informativa sul leasing</span></span><span class=\"_ _47f\"></span>\u201d<span class=\"_ _4ac\"> </span>d<span class=\"_ _4ac\"> </span>ella pr<span class=\"_ _0\"></span>esente<span class=\"_ _0\"></span> Nota inte<span class=\"ls0 ws0\">grativa conso<span class=\"_ _0\"></span>lidata.<span class=\"_ _4ac\"> </span></span>La so<span class=\"_ _1\"></span>ttov<span class=\"_ _1\"></span>oce \u201c4. A<span class=\"_ _1\"></span>ltri<span class=\"_ _1\"></span> debi<span class=\"_ _1\"></span>ti <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"ls11 ws11d\">4.3 altri\u201d c<span class=\"_ _0\"></span>omprende (i) la passivit\u00e0 finanziaria, pari a c<span class=\"_ _0\"></span>irca Euro<span class=\"_ _4ac\"> </span></span></span>15,2 milioni,<span class=\"_ _0\"></span> rilevata a segu<span class=\"_ _0\"></span>ito dell\u2019acquis<span class=\"_ _0\"></span>izione di Castello SGR<span class=\"_ _0\"></span> e riferibile all\u2019ammontare<span class=\"_ _0\"></span> atteso,<span class=\"_ _4ac\"> </span>oppor<span class=\"_ _1\"></span>tunam<span class=\"_ _1\"></span>ente at<span class=\"_ _1\"></span>tual<span class=\"_ _1\"></span>izzato<span class=\"_ _1\"></span>, che la S<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1c\"></span> prevede d<span class=\"_ _1\"></span>i corri<span class=\"_ _1\"></span>spon<span class=\"_ _1\"></span>dere a OCM<span class=\"_ _1\"></span> OPPS X<span class=\"_ _1\"></span>b Investements<span class=\"_ _0\"></span> (Castello) S.a.r.l.  a segu<span class=\"_ _0\"></span>ito dell\u2019esercizio<span class=\"_ _0\"></span> dell\u2019opzione put per gli e<span class=\"_ _0\"></span>ffetti dell\u2019Accordo di put e call per l\u2019acquisto de<span class=\"_ _0\"></span>l 20% di Castello SGR e (ii) la passi<span class=\"ls11 ws58\">vit\u00e0 finanziaria, pari a circa Euro </span>4,6 milion<span class=\"_ _0\"></span>i, rilevata a seguito<span class=\"_ _0\"></span> della sottoscr<span class=\"_ _0\"></span>izione da parte di Cas<span class=\"_ _0\"></span>tello SGR de<span class=\"_ _0\"></span>l patto parasociale con Ha<span class=\"_ _1\"></span>lld<span class=\"_ _1\"></span>is S.p<span class=\"_ _1\"></span>.a. e <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eribi<span class=\"_ _1\"></span>le all<span class=\"_ _1\"></span>\u2019amm<span class=\"_ _1\"></span>onta<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span> attes<span class=\"_ _1\"></span>o, opp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>uname<span class=\"_ _1c\"></span>nte att<span class=\"_ _1\"></span>ualiz<span class=\"_ _1\"></span>zato<span class=\"_ _1\"></span>, che l<span class=\"_ _1c\"></span>a<span class=\"_ _0\"></span> contro<span class=\"_ _0\"></span>llat<span class=\"_ _0\"></span>a Caste<span class=\"_ _0\"></span>llo SGR<span class=\"_ _0\"></span> prev<span class=\"_ _0\"></span>e<span class=\"ls0 wsc1\">de di corrispondere a Halldis S.p.a., a seguito dell\u2019esercizio </span>dell\u2019opzione<span class=\"_ _0\"></span> put riferita al 21% del capita<span class=\"_ _0\"></span>le di Vita Srl, disciplin<span class=\"_ _0\"></span>ata nell\u2019ambito del sopracit<span class=\"_ _0\"></span>ato patto parasociale.<span class=\"ls1 ws1\"> </span>1.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls2 ws4d1\">C<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _11\"></span> \u201cP<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>\u201d: \u201c<span class=\"_ _0\"></span>T<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i in<span class=\"_ _13\"></span> </span></span>c<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>laz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w810 h47a\" id=\"_2b5a3719-4add-4b64-a6d3-d4db5911a1ee\"><tr><td></td><td></td><td class=\"c x8c7 y36e4 w166 h1e2\"><div class=\"t m3b xae h1e1 y1da5 ff2 fs49 fc0 sc0 ls23c ws4d5\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x8c8 y36e4 w167 h1e2\"><div class=\"t m3b xae h1e1 y1da5 ff2 fs49 fc0 sc0 ls23c ws4d5\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x8c9 y36e5 w168 h1e3\"><div class=\"t m3b xfc h1e1 y1da7 ff1 fs49 fc0 sc0 ls23f ws4d9\">Fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x8ca y36e5 w169 h1e3\"><div class=\"t m3b x8c h1e1 y1da8 ff1 fs49 fc0 sc0 ls23f ws4d9\">Fair value<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y36e7 w811 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d2\">Tit<span class=\"_ _0\"></span>oli<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cb y36e7 w812 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23a ws4d3\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cc y36e7 w813 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cd y36e7 w814 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ce y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cf y36e7 w812 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23a ws4d3\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d0 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d1 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d2 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e8 w816 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m3b x8d3 h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">T<span class=\"_ _4ac\"> </span></div><div class=\"t m3b x8d4 h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">itoli<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d5 y36e8 w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d6 y36e8 w818 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">577.<span class=\"_ _0\"></span>595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8d7 y36e8 w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">585.<span class=\"_ _0\"></span>214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d8 y36e8 w819 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">564.<span class=\"_ _0\"></span>037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y36e9 w81a h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23d ws4d7\">- ob<span class=\"_ _1\"></span>bligazioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d9 y36e9 w81b h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8da y36e9 w81c h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">577.595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8db y36e9 w81d h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">585.214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8dc y36e9 w81e h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">564.037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x8dd y36ea w165 h1e0\"><div class=\"t m3b x69 h1e1 y1da2 ff1 fs49 fc0 sc0 ls23d ws4d7\">- altri titoli<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w81f h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23b ws4d4\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8de y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8df y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">577.<span class=\"_ _0\"></span>595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8e0 y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">585.<span class=\"_ _0\"></span>214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e1 y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">564.<span class=\"_ _0\"></span>037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr></table>Legenda:<span class=\"ff1\"> <span class=\"ws19c\">VB= Valore di b<span class=\"_ _0\"></span>ilancio; L1= Livello 1; L2<span class=\"_ _0\"></span>= Livello 2; L3= Livello 3.</span> </span>La voce \u201cTitoli <span class=\"ls1 ws1\">\u2013 </span>obbligazio<span class=\"_ _0\"></span>ni\u201d \u00e8 costituita da titoli obbligazion<span class=\"_ _0\"></span>ari emessi dalla Societ\u00e0 in data<span class=\"_ _0\"></span> 23<span class=\"_ _1\"></span> ottob<span class=\"_ _1\"></span>re 201<span class=\"_ _1\"></span>9 (\u201cPres<span class=\"_ _1\"></span>tito Ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 2026\u201d<span class=\"_ _1\"></span>) e in da<span class=\"_ _1c\"></span>ta 22 aprile 20<span class=\"_ _1\"></span>21 (\u201c<span class=\"_ _1\"></span>Presti<span class=\"_ _1\"></span>to Obbligazionario<span class=\"_ _0\"></span> 2028\u201d). <span class=\"ls1 ws1\"> </span>Il Pre<span class=\"_ _1\"></span>stito <span class=\"_ _1\"></span>Obbl<span class=\"_ _1\"></span>igaz<span class=\"_ _1\"></span>ionar<span class=\"_ _1\"></span>io 202<span class=\"_ _1\"></span>6 \u00e8 esp<span class=\"_ _1c\"></span>osto nel<span class=\"_ _1\"></span> Bila<span class=\"_ _1\"></span>ncio a<span class=\"_ _1\"></span>l cost<span class=\"_ _1\"></span>o am<span class=\"_ _1\"></span>mortiz<span class=\"_ _1\"></span>zato p<span class=\"_ _1\"></span>er un a<span class=\"_ _1c\"></span>mmontar<span class=\"_ _1\"></span>e pari<span class=\"_ _1\"></span> a circa E<span class=\"_ _1c\"></span>uro 284<span class=\"_ _1\"></span>,5 mil<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span>. Tale va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e \u00e8 rap<span class=\"_ _1\"></span>pres<span class=\"_ _1\"></span>enta<span class=\"_ _1\"></span>to (i) d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>\u2019import<span class=\"_ _1c\"></span>o incass<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r l\u2019e<span class=\"_ _1\"></span>missio<span class=\"_ _1c\"></span>ne (al ne<span class=\"_ _1\"></span>tto de<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span> parte <span class=\"_ _1\"></span>riacq<span class=\"_ _1\"></span>uista<span class=\"_ _1c\"></span>ta in d<span class=\"_ _1\"></span>ata 10 g<span class=\"_ _1c\"></span>iugno 2<span class=\"_ _1\"></span>020<span class=\"ls0 ws82\">) per circa Euro 282,4<span class=\"_ _0\"></span> milioni, </span>(ii) m<span class=\"_ _4ac\"> </span>aggiorato degli interessi pas<span class=\"_ _0\"></span>sivi maturati dalla data dell\u2019ult<span class=\"_ _0\"></span>imo stacco cedola al 31<span class=\"_ _4ac\"> </span>dicembre 2025<span class=\"_ _0\"></span> e determinati con il meto<span class=\"_ _0\"></span>do del costo ammortiz<span class=\"_ _0\"></span>zato (sulla base de<span class=\"_ _0\"></span>l tasso d<span class=\"_ _480\"></span>i<span class=\"_ _4ac\"> </span>inter<span class=\"_ _1\"></span>esse effe<span class=\"_ _1\"></span>ttivo)<span class=\"_ _1\"></span> per circa Eu<span class=\"_ _1\"></span>ro 2,3 mi<span class=\"ls0 ws74\">lioni e (iii) diminuito dei cost<span class=\"_ _0\"></span>i di transazione correlati<span class=\"_ _4ac\"> </span></span>all\u2019em<span class=\"_ _0\"></span>issione obbligazionaria che sono<span class=\"_ _0\"></span> stati capitalizzat<span class=\"_ _0\"></span>i e sono espost<span class=\"_ _0\"></span>i al valore residuo<span class=\"_ _0\"></span> per<span class=\"_ _4ac\"> </span>circa <span class=\"_ _0\"></span>Euro 0,2 m<span class=\"_ _0\"></span>ilioni.<span class=\"_ _4ac\"> </span>Con riferimento al Prestito<span class=\"_ _0\"></span> Obbligazionario 2028, \u00e8 esposto nel Bilancio al costo ammortizz<span class=\"_ _0\"></span>ato,<span class=\"_ _4ac\"> </span>per un ammontare pari a circa Euro 301,8 milioni. Tale valore \u00e8<span class=\"_ _0\"></span> rappresentato (i) dall\u2019importo<span class=\"_ _4ac\"> </span>incass<span class=\"_ _0\"></span>ato a s<span class=\"_ _1\"></span>eguito de<span class=\"_ _0\"></span>ll\u2019emissione per circa Euro 298,2 milioni, (ii) maggiorato degli interes<span class=\"_ _0\"></span>si<span class=\"_ _4ac\"> </span>passivi matur<span class=\"_ _0\"></span>ati  dall\u2019ultimo stacco cedola al 31 dicembre 2025 e determinati con il metodo de<span class=\"_ _481\"></span>l<span class=\"_ _4ac\"> </span>costo ammortizzato<span class=\"_ _0\"></span> (sulla base del tasso di intere<span class=\"_ _0\"></span>sse effettivo) per circ<span class=\"_ _0\"></span>a Euro 4,3 milioni e (iii)<span class=\"_ _4ac\"> </span>diminuito dei costi di trans<span class=\"ws189\">azione c<span class=\"_ _0\"></span>orrelati all\u2019<span class=\"_ _0\"></span>emissione obbligazion<span class=\"_ _0\"></span>aria che sono st<span class=\"_ _0\"></span>ati<span class=\"_ _4ac\"> </span></span>capitalizzat<span class=\"_ _0\"></span>i e sono esposti al valore residuo per<span class=\"_ _0\"></span> circa Euro 0,7 milioni.<span class=\"_ _4ac\"> </span>Per ulteriori dettagli sul Prest<span class=\"_ _0\"></span>ito Obbligazionario 2026 e sul Prestito Obbligazionario 2028 s<span class=\"_ _482\"></span>i<span class=\"_ _4ac\"> </span>r<span class=\"_ _4ac\"> </span>invia alla \u201cParte D <span class=\"ls1 ws1\">- <span class=\"_ _17\"> </span><span class=\"ls31 wsf6\">Altre<span class=\"_ _0\"></span> Inform<span class=\"_ _0\"></span>azioni<span class=\"_ _0\"></span> </span>\u2013 <span class=\"_ _18\"></span><span class=\"ls1c wse8\">Sezi<span class=\"_ _1\"></span>one 3 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _86\"></span><span class=\"ls0 wsfe\">In<span class=\"_ _0\"></span>formazioni sui risch<span class=\"_ _0\"></span>i e sulle relat<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></span></span></span></span>politiche<span class=\"_ _0\"></span> di copertur<span class=\"_ _0\"></span>a <span class=\"ls1 ws1\">- </span><span class=\"ws0\">3.1 Rischi finanziar<span class=\"_ _0\"></span>i\u201d della presente <span class=\"ls11 ws19\">Nota I<span class=\"_ _0\"></span>ntegrativa consolidata.<span class=\"_ _4ac\"> </span></span></span>1.5<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls126 ws4da\">P<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _11\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> <span class=\"ls1 ws1\">\u2013  <span class=\"ls2 ws4db\">D<span class=\"_ _11\"></span>e<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>r </span></span></span></span>co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rte<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w835 h47d\" id=\"_7f04049e-a833-443e-88b5-854c77a71d90\"><tr><td></td><td class=\"c x8f7 y36ef w836 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls241 ws4dc\">Banche<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8f8 y36ef w837 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">Societ\u00e0 f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fa y36ef w838 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4de\">Clien<span class=\"_ _4ac\"> </span></div><div class=\"t m3c x8f9 h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4de\">tela<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1db2 ff2 fs4a fc0 sc0 ls243 ws4df\">Com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osiz<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span>/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fb y36f1 w839 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fc y36f1 w839 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fd y36f1 w83a h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f2 w83b h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">1. Deb<span class=\"_ _0\"></span>iti verso ret<span class=\"_ _0\"></span>i di vend<span class=\"_ _0\"></span>ita<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8fe y36f2 w83c h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">180.002<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ff y36f2 w83d h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">90.<span class=\"_ _0\"></span>181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x900 y36f2 w83e h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.<span class=\"_ _0\"></span>268<span class=\"_ _4ac\"> </span></div></td><td class=\"c x901 y36f2 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x902 y36f2 w840 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">4.<span class=\"_ _0\"></span>281<span class=\"_ _4ac\"> </span></div></td><td class=\"c x903 y36f2 w841 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f3 w842 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.1<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c x904 y36f3 w843 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">176.092<span class=\"_ _4ac\"> </span></div></td><td class=\"c x905 y36f3 w844 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">88.770<span class=\"_ _4ac\"> </span></div></td><td class=\"c x906 y36f3 w845 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.037<span class=\"_ _4ac\"> </span></div></td><td class=\"c x907 y36f3 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x908 y36f3 w845 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">3.889<span class=\"_ _4ac\"> </span></div></td><td class=\"c x909 y36f3 w841 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f4 w846 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.2<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento gestioni individ<span class=\"_ _1\"></span>uali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90a y36f4 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.152<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90b y36f4 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">358<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90c y36f4 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90d y36f4 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90e y36f4 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">391<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90f y36f4 w849 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f5 w84a h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.3<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento fondi p<span class=\"_ _1\"></span>ensione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x910 y36f5 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">2.758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x911 y36f5 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.053<span class=\"_ _4ac\"> </span></div></td><td class=\"c x912 y36f5 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">231<span class=\"_ _4ac\"> </span></div></td><td class=\"c x913 y36f5 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x914 y36f5 w84b h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x915 y36f5 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f6 w84c h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">2. Deb<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>er att<span class=\"_ _0\"></span>ivit\u00e0 di gest<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x916 y36f6 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x917 y36f6 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">252<span class=\"_ _4ac\"> </span></div></td><td class=\"c x918 y36f6 w84d h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.771<span class=\"_ _4ac\"> </span></div></td><td class=\"c x919 y36f6 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91a y36f6 w84e h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.297<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91b y36f6 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f8 w84f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">2.1<span class=\"_ _1\"></span> per gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91c y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91d y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91e y36f8 w845 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">1.302<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91f y36f8 w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x920 y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x921 y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f9 w850 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">2.2<span class=\"_ _1\"></span> per gestioni ricevute in delega<span class=\"_ _4ac\"> </span></div></td><td class=\"c x922 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x923 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">252<span class=\"_ _4ac\"> </span></div></td><td class=\"c x924 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">468<span class=\"_ _4ac\"> </span></div></td><td class=\"c x925 y36f9 w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x926 y36f9 w845 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">1.297<span class=\"_ _4ac\"> </span></div></td><td class=\"c x927 y36f9 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fa w851 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e4\">2.3 per a<span class=\"_ _0\"></span>ltr<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x928 y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x929 y36fa w852 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92a y36fa w853 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92b y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92c y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92d y36fa w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fb w854 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls242 ws4dd\">3. Deb<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>er altri se<span class=\"_ _0\"></span>rvizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92e y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92f y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x930 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x931 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x932 y36fb w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x933 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fc w855 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls242 ws4dd\">4. Altri d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x934 y36fc w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">421<span class=\"_ _4ac\"> </span></div></td><td class=\"c x929 y36fc w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">409<span class=\"_ _4ac\"> </span></div></td><td class=\"c x935 y36fc w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x936 y36fc w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x937 y36fc w856 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">42.056<span class=\"_ _4ac\"> </span></div></td><td class=\"c x938 y36fc w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fd w857 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">4.2<span class=\"_ _1\"></span> debiti per le<span class=\"_ _1\"></span>asing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x939 y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93a y36fd w852 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93b y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93c y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93d y36fd w858 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">22.<span class=\"_ _0\"></span>030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93e y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fe w859 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e4\">4.3 alt<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93f y36fe w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">421<span class=\"_ _4ac\"> </span></div></td><td class=\"c x940 y36fe w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">409<span class=\"_ _4ac\"> </span></div></td><td class=\"c x941 y36fe w841 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x942 y36fe w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x943 y36fe w85a h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">20.026<span class=\"_ _4ac\"> </span></div></td><td class=\"c x944 y36fe w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1dc1 ff2 fs4a fc0 sc0 ls245 ws4e5\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x945 y36ff w85b h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">181.181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x946 y36ff w85c h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">90.843<span class=\"_ _4ac\"> </span></div></td><td class=\"c x947 y36ff w84e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">3.040<span class=\"_ _4ac\"> </span></div></td><td class=\"c x948 y36ff w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x949 y36ff w85d h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">47.634<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94a y36ff w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1dc4 ff2 fs4a fc0 sc0 ls245 ws4e5\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td class=\"c x945 y345e w85b h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">163.545<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94b y345e w85e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls247 ws4e4\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94c y345e w83e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">2.<span class=\"_ _0\"></span>155<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94d y345e w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94e y345e w85d h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">49.843<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94f y345e w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>Sezione 3 <span class=\"ls1 ws1\">\u2013 </span>Interess<span class=\"_ _0\"></span>i <span class=\"ls1 ws1\">\u2013 </span>Voci 50 e 60<span class=\"ff1 fs0 ls1 ws1\"> </span>3<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>g<span class=\"_ _0\"></span>li \u201c<span class=\"_ _0\"></span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>re<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>i at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span><table class=\"s w9a6 h494\" id=\"_4a14a070-2abc-4308-b1ba-d1b62b04e795\"><tr><td></td><td></td><td></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x60 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws553\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e x5 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws555\">Altre<span class=\"_ _0\"></span> </div></td><td></td><td></td></tr><tr><td class=\"c x212 y3786 w9a7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29c ws552\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb48 y3786 w9a8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29d ws553\">Titoli di d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>ito<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb49 y3786 w9a9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29e ws554\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x69 h21c y1f0d ff2 fs59 fc0 sc0 ls29f ws552\">correnti</div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e xf7 h21c y1f0d ff2 fs59 fc0 sc0 ls2a0 ws556\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4a y3786 w9aa h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4b y3786 w9ab h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3787 w9ac h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e xb4c h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">1. Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al fair value con<span class=\"_ _4ac\"> </span></div></td><td class=\"c x993 y3788 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y3789 w18c h21d\"><div class=\"t m4e x24 h21c y1f12 ff1 fs59 fc0 sc0 ls29f ws55a\">impatto a c<span class=\"_ _0\"></span>onto economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f15 ff1 fs59 fc0 sc0 ls2a3 ws559\">1.3<span class=\"_ _1\"></span> Altre attivit\u00e0 finanziarie ob<span class=\"_ _1\"></span>bligatoriamente </div></td><td class=\"c x993 y378b w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f16 ff1 fs59 fc0 sc0 ls2a3 ws559\">valutate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y378d w9b0 h493\"><div class=\"t m4e x1fa h21c y378c ff1 fs59 fc0 sc0 ls2a2 ws558\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Attivit\u00e0 finanziarie valutate<span class=\"_ _1\"></span> al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizzato<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb53 y378d w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb54 y378d w9b2 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb55 y378d w9b3 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _0\"></span>524<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb56 y378d w9b4 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.<span class=\"_ _0\"></span>618<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378e w9b5 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.1<span class=\"_ _1\"></span> Crediti verso banche<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb58 y378e w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb59 y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5a y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.607<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378f w9b7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.3<span class=\"_ _1\"></span> Crediti verso c<span class=\"_ _0\"></span>lientela<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb5b y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5c y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5d y378f w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">11<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3790 w9b9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altre attivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5e y3790 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5f y3790 w9ba h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb60 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb61 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">29<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3791 w9bc h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">7.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altro: Cas<span class=\"_ _0\"></span>sa e disponibilit\u00e0 liquide<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb62 y3791 w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb63 y3791 w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb64 y3791 w9bd h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">10.984<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb65 y3792 w9be h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a0 ws556\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb66 y3792 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">244<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb67 y3792 w9bf h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.<span class=\"_ _0\"></span>192<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb68 y3792 w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">48<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb69 y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.484<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb6a y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">20.440<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3793 w189 h21b\"><div class=\"t m4e x5 h21f y1f26 ff5 fs59 fc0 sc0 ls2a4 ws55c\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>i att<span class=\"_ _0\"></span>ivi s<span class=\"_ _13\"></span>u att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0 f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ziarie<span class=\"_ _0\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Gli importi iscritt<span class=\"_ _0\"></span>i nella sottovoce \u201c1.3 Altre attivit\u00e0 finanziarie obbligatoriam<span class=\"_ _0\"></span>ente valutate al fair value <span class=\"_ _17\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _17\"> </span></span><span class=\"wsaf\">T<span class=\"_ _0\"></span>itoli di debito\u201d si rife<span class=\"_ _0\"></span>riscono agli intere<span class=\"_ _0\"></span>ssi attivi matur<span class=\"_ _0\"></span>ati nel corso dell\u2019e<span class=\"_ _0\"></span>sercizio in </span>relazione ai BOT detenuti in<span class=\"_ _0\"></span> portafoglio dal Gruppo <span class=\"ls11 ws5\">Anima.<span class=\"ls1 ws1\"> </span></span>La so<span class=\"_ _0\"></span>ttovoc<span class=\"_ _0\"></span>e \u201c3.1 Cr<span class=\"_ _0\"></span>editi ve<span class=\"_ _0\"></span>rso banch<span class=\"_ _0\"></span>e <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws0\">Depositi e conti correnti\u201d s<span class=\"_ _0\"></span>i riferisce agli interessi attivi </span></span>generati dalla liqu<span class=\"_ _0\"></span>idit\u00e0 inve<span class=\"_ _0\"></span>stita attraverso<span class=\"_ _0\"></span> la sottoscrizione dei <span class=\"ff5 ls3a wsca\">ti<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t<span class=\"ff1 ls35 wsb3\">, mentr<span class=\"_ _0\"></span>e nel<span class=\"_ _0\"></span>la </span></span>sottovoce<span class=\"_ _0\"></span> \u201c7 Altro: Cassa e disponibilit\u00e0<span class=\"_ _0\"></span> liquide <span class=\"ls1 ws1\">- <span class=\"lsf ws1f\">Depos<span class=\"_ _1\"></span>iti e co<span class=\"_ _1\"></span>nti corr<span class=\"_ _1c\"></span>enti\u201d trov<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span> esposi<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne </span></span>gli interess<span class=\"_ _0\"></span>i attivi generati dalla liquidit\u00e0 del Gruppo Anima depositata presso conti correnti bancari e postali.<span class=\"ls1 ws1\"> </span>3.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls2 ws4\">C<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>li \u201cI<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>re<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>ri as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span></span></span><table class=\"s w983 h492\" id=\"_625d3ea4-20ea-4329-a164-9feed3e0232d\"><tr><td></td><td></td><td></td><td></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x24 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws561\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f x26 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws560\">Altre<span class=\"_ _0\"></span> </div></td><td class=\"c xb25 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb26 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3777 w985 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a5 ws55d\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb27 y3777 w986 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a6 ws55e\">Finanzi<span class=\"_ _0\"></span>ament<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb28 y3777 w987 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a7 ws55f\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb29 y3777 w988 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a8 ws560\">T<span class=\"_ _0\"></span>itoli<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x5 h221 y1f2b ff2 fs5a fc0 sc0 ls2a9 ws55d\">correnti</div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f xf7 h221 y1f2b ff2 fs5a fc0 sc0 ls2aa ws562\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3778 w989 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> valutate al cos<span class=\"_ _0\"></span>to ammortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2b y3778 w98a h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2c y3778 w98b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2d y3778 w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb2e y3778 w98d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2f y3778 w98e h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.423)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb30 y3778 w98f h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y3779 w990 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws567\">1.1 D<span class=\"_ _0\"></span>ebit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb32 y3779 w991 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb33 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb34 y3779 w993 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(1.878)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb35 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.577)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y377a w994 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">1.2<span class=\"_ _1\"></span> Titoli in circ<span class=\"_ _0\"></span>olazione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb36 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb37 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb38 y377a w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.539)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y377b w996 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> di negoziaz<span class=\"_ _1\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377d w997 h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> designate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377e w998 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Altre pass<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb39 y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3a y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y377f w99a h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Derivati di copertura<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3780 w18d h220\"><div class=\"t m4f x24 h221 y1f3d ff1 fs5a fc0 sc0 ls2ac ws564\">6.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Attivit\u00e0 finanziarie<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3781 w99b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">7.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Altro: Cass<span class=\"_ _0\"></span>a e disponibilit\u00e0 liquid<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c xb3b y3781 w99c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(4)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3c y3781 w99d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>4)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xb31 y3782 w99e h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2aa ws562\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3d y3782 w99f h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3e y3782 w9a0 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3f y3782 w9a1 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(4)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb40 y3782 w9a2 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(1.<span class=\"_ _0\"></span>076)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb41 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>468)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb42 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y345e w9a4 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2ae ws569\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i pas<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>ivi r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lativ<span class=\"_ _0\"></span>i ai de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>iti pe<span class=\"_ _13\"></span>r le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb43 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb44 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb45 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(750)<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">- <span class=\"_ _11\"></span></span>Finanziamenti\u201d sono e<span class=\"_ _0\"></span>videnziati gli interessi pas<span class=\"_ _0\"></span>sivi maturati nel corso dell\u2019es<span class=\"_ _0\"></span>ercizio in esame in re<span class=\"_ _0\"></span>lazione ai debiti per leasing,<span class=\"_ _0\"></span> iscritti in all\u2019applicaz<span class=\"_ _0\"></span>ione del princi<span class=\"_ _1\"></span>pio<span class=\"_ _1\"></span> contab<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>IFRS 1<span class=\"_ _1\"></span>6, pe<span class=\"_ _1\"></span>r un imp<span class=\"_ _1c\"></span>orto di<span class=\"_ _1\"></span> circa<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>0,<span class=\"ls0 ws15\">8 milioni.<span class=\"ls1 ws1\"> </span></span>Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">\u2013 <span class=\"_ _11\"></span></span>Altre operaz<span class=\"_ _0\"></span>ioni\u201d sono evidenziati gli inte<span class=\"_ _0\"></span>ressi di attualizza<span class=\"_ _0\"></span>zione delle passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie rile<span class=\"_ _0\"></span>vate a seguito dei contratt<span class=\"_ _0\"></span>i sottoscritti con r<span class=\"_ _0\"></span>iferimento a Castello SGR e <span class=\"_ _1\"></span>Vita <span class=\"_ _1\"></span>Srl, pe<span class=\"_ _1c\"></span>r un va<span class=\"_ _1\"></span>lore c<span class=\"_ _1\"></span>omples<span class=\"_ _1\"></span>sivo d<span class=\"_ _1\"></span>i cir<span class=\"_ _1\"></span>ca E<span class=\"_ _1\"></span>uro 1<span class=\"ls0 ws15\">,1 milione.<span class=\"ls1 ws1\"> </span></span>Nella sottovoce \u201c1.2 Titoli in circo<span class=\"_ _0\"></span>lazione <span class=\"ls1 ws1\">\u2013  </span>Tito<span class=\"_ _0\"></span>li\u201d sono rappresentati gli interessi passivi determin<span class=\"_ _0\"></span>ati con il metodo del costo ammortizzato<span class=\"_ _0\"></span> (sulla base del tasso di interes<span class=\"_ _0\"></span>se effettivo) e maturat<span class=\"_ _0\"></span>i nel corso dell\u2019esercizio sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2026 per circ<span class=\"_ _0\"></span>a Euro 5,5 milioni e sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2028 per circa Euro 5 milio<span class=\"_ _0\"></span>ni.<span class=\"ls1 ws1\"> </span>Sezione 11 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Re<span class=\"_ _0\"></span>ttifi<span class=\"_ _0\"></span>che/riprese<span class=\"_ _0\"></span> di valo<span class=\"_ _0\"></span>re ne<span class=\"_ _0\"></span>tte su atti<span class=\"_ _0\"></span>vit\u00e0 m<span class=\"_ _0\"></span>ateri<span class=\"_ _0\"></span>ali </span>\u2013 </span>Voce 160<span class=\"ff1 fs0 ls1 ws1\"> </span>1<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> \u201cR<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>/r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>i v<span class=\"_ _13\"></span>alo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>iali\u201d<span class=\"ls1 ws1\"> </span><table class=\"s wa3a h49d\" id=\"_5472c0d8-8722-4927-8848-1c909de12f47\"><tr><td></td><td></td><td class=\"c xbf1 y37d0 wa3b h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2dd ws5a6\">Ret<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>iche<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xbf2 y37d0 wa3c h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2de ws5a7\">Ris<span class=\"_ _1c\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> netto<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c xbf3 y37d1 wa3d h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2df ws5a8\">d<span class=\"_ _0\"></span>i va<span class=\"_ _0\"></span>lor<span class=\"_ _0\"></span>e p<span class=\"_ _13\"></span>er<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf4 y37d1 wa3e h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e0 ws5a9\">Rip<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf5 y37d1 wa3f h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e1 ws5aa\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37d2 wa40 h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2dd ws5ab\">Voci/R<span class=\"_ _1\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ifiche e<span class=\"_ _0\"></span> ripre<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> di valore<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf6 y37d2 wa41 h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e2 ws5ac\">Ammo<span class=\"_ _1c\"></span>rtame<span class=\"_ _1\"></span>nto<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf8 y37d2 wa42 h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e3 ws5ad\">d<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div><div class=\"t m57 xbf7 h23f y37cf ff2 fs61 fc0 sc0 ls2e3 ws5ad\">te<span class=\"_ _0\"></span>riorament<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf9 y37d2 wa43 h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2df ws5a8\">di<span class=\"_ _0\"></span> val<span class=\"_ _0\"></span>ore<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y37d3 wa44 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">1.<span class=\"_ _b9\"> </span><span class=\"ls2e5 ws5ad\">A<span class=\"_ _0\"></span>d us<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>unziona<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbfa y37d3 wa45 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(6.<span class=\"_ _0\"></span>837)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xbfb y37d3 wa46 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(6.<span class=\"_ _0\"></span>837)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xbfc y37d4 wa47 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e6 ws5b0\">- Di proprie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbfd y37d4 wa48 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(<span class=\"_ _0\"></span>616)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xbfe y37d4 wa49 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(616)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xbfc y37d5 wa4a h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e6 ws5b0\">- Dirittti d'<span class=\"_ _1\"></span>uso ac<span class=\"_ _0\"></span>quisiti c<span class=\"_ _0\"></span>on il leasing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbff y37d5 wa4b h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(<span class=\"_ _0\"></span>6.222)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc00 y37d5 wa4c h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(6.222)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37d6 w1a5 h23e\"><div class=\"t m57 x24 h23f y1ff9 ff1 fs61 fc0 sc0 ls2e4 ws5ae\">2.<span class=\"_ _b9\"> </span><span class=\"ls2e6 ws5b0\">Detenute a sc<span class=\"_ _0\"></span>opo di in<span class=\"_ _1\"></span>vestim<span class=\"_ _0\"></span>ento<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c xc01 y37d7 wa4d h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2df ws5b1\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc02 y37d7 wa4e h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e1 ws5aa\">(<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>837)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc03 y37d7 wa4f h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e1 ws5aa\">(6.<span class=\"_ _0\"></span>837)<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella sottovoce \u201c1. Ad uso fu<span class=\"_ _1\"></span>nzionale <span class=\"ls1 ws1\">- <span class=\"_ _19\"> </span><span class=\"ls30 ws1c6\">di<span class=\"_ _1\"></span> prop<span class=\"_ _1\"></span>riet\u00e0\u201d<span class=\"_ _1\"></span> sono<span class=\"_ _1\"></span> rico<span class=\"_ _1c\"></span>mpresi g<span class=\"_ _1\"></span>li a<span class=\"_ _1\"></span>mmor<span class=\"_ _1\"></span>tamen<span class=\"_ _1\"></span>ti </span></span>dell\u2019eserc<span class=\"_ _0\"></span>izio inerenti le attivit\u00e0 mater<span class=\"_ _0\"></span>iali ad uso funzionale di propriet\u00e0 del Gruppo<span class=\"_ _0\"></span> Anima.<span class=\"ls1 ws1\"> </span>Nella sottovoce \u201c1. Ad uso funzionale <span class=\"ls1 ws1\">- <span class=\"_ _13\"></span><span class=\"ls0 ws54\">diritti d\u2019uso ac<span class=\"_ _0\"></span>quisiti con il le<span class=\"_ _0\"></span>asing\u201d sono ricom<span class=\"_ _0\"></span>presi gli </span></span>ammortamenti dell\u2019<span class=\"_ _0\"></span>esercizio dei diritti d\u2019uso acquisit<span class=\"_ _0\"></span>i tramite contratti di locazione e noleggio rientrant<span class=\"_ _0\"></span>i nel campo di applicazione del principio<span class=\"_ _0\"></span> contabile IFRS 16. In relazione a<span class=\"_ _0\"></span>i dettagli informativ<span class=\"_ _0\"></span>i previsti dallo stesso<span class=\"_ _0\"></span> principio contabile si rinvia alla \u201cPar<span class=\"_ _0\"></span>te D <span class=\"ls1 ws1\">\u2013 <span class=\"_ _0\"></span><span class=\"ls30 ws6f\">Altre<span class=\"_ _1\"></span> Informa<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni <span class=\"ls1 ws1\">\u2013 </span></span></span>Sezio<span class=\"_ _1\"></span>ne 7 <span class=\"ls1 ws1\">\u2013 <span class=\"lsf ws1f\">Info<span class=\"_ _1\"></span>rmati<span class=\"_ _1\"></span>va s<span class=\"_ _1\"></span>ul lea<span class=\"_ _1c\"></span>sing\u201d de<span class=\"_ _1\"></span>lla p<span class=\"_ _1c\"></span>resent<span class=\"_ _1\"></span>e Nota<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span>tegra<span class=\"_ _1\"></span>tiva <span class=\"_ _1\"></span>cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ata.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></span><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gsa68\">Sezione 7 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wsf\">In<span class=\"_ _0\"></span>formati<span class=\"_ _0\"></span>va su<span class=\"_ _0\"></span>l Le<span class=\"_ _0\"></span>asing</span><span class=\"ff1 fs0\"> </span></span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls1a ws5e gsa69\">In<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ni q<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>lita<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gsa6a\">I contr<span class=\"_ _0\"></span>atti sottoscritti dal Gru<span class=\"_ _0\"></span>ppo Anima e rientranti nell\u2019am<span class=\"_ _0\"></span>bito di applicazione del pr<span class=\"_ _0\"></span>incipio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws274 gsa6b\">contabile IFRS 16 riguardano le seguenti fattispecie: immobili,<span class=\"_ _0\"></span> materiale hardware e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws59 gsa6c\">autov<span class=\"_ _1c\"></span>etture. <span class=\"_ _1c\"></span>I contra<span class=\"_ _1\"></span>tti d<span class=\"_ _1\"></span>i leas<span class=\"_ _1\"></span>ing i<span class=\"_ _1\"></span>mmobi<span class=\"_ _1\"></span>liare<span class=\"_ _1\"></span> rap<span class=\"_ _1c\"></span>presenta<span class=\"_ _1c\"></span>no l\u2019area<span class=\"_ _1c\"></span> <span class=\"_ _0\"></span>d'i<span class=\"_ _1c\"></span>mpatto p<span class=\"_ _1\"></span>i\u00f9 sig<span class=\"_ _1c\"></span>nificati<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gsa6d\">in quanto t<span class=\"_ _0\"></span>ali contratti r<span class=\"_ _0\"></span>appresentano l\u201989% dei valo<span class=\"_ _0\"></span>ri dei dirit<span class=\"_ _0\"></span>ti d\u2019uso<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"lsf wsa0\">iscritti<span class=\"_ _1c\"></span>; risulta<span class=\"_ _1c\"></span>no invec<span class=\"_ _1\"></span>e </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gsa6e\">marginali gli impat<span class=\"_ _0\"></span>ti derivant<span class=\"_ _0\"></span>i dal comparto autovetture (ben<span class=\"_ _0\"></span>ch\u00e8 significat<span class=\"_ _0\"></span>iva in termine di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gsa6f\">numer<span class=\"_ _1c\"></span>osit\u00e0), a<span class=\"_ _1\"></span>rredi<span class=\"_ _1\"></span> e ha<span class=\"_ _1\"></span>rdware<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gsa70\">Si segnala che<span class=\"_ _0\"></span> non sussistono flussi fin<span class=\"_ _0\"></span>anziari in uscita<span class=\"_ _0\"></span> a cui le societ\u00e0 del Gruppo Anim<span class=\"_ _0\"></span>a, in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gsa71\">qualit\u00e0 di lo<span class=\"_ _0\"></span>catario, sono<span class=\"_ _0\"></span> potenzialmente esposte,<span class=\"_ _0\"></span> che non siano gi\u00e0 st<span class=\"_ _0\"></span>ate valut<span class=\"_ _0\"></span>ate nelle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa72\">passivit\u00e0 is<span class=\"_ _0\"></span>critte in applicazione del pr<span class=\"_ _0\"></span>incipio contabile IFRS16.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa73\">Con riferimento<span class=\"_ _0\"></span> alla durata dei contratti di le<span class=\"_ _0\"></span>asing si evidenzia che il Gruppo Anima consider<span class=\"_ _0\"></span>a:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gsa74\">\u2022 <span class=\"_ _1b\"> </span><span class=\"ff1 ls30 ws2b\">per le<span class=\"_ _1c\"></span> locazio<span class=\"_ _1\"></span>ni im<span class=\"_ _1\"></span>mobil<span class=\"_ _1\"></span>iari, c<span class=\"_ _1c\"></span>ome ragi<span class=\"_ _1\"></span>onev<span class=\"_ _1\"></span>olme<span class=\"_ _1\"></span>nte c<span class=\"_ _1\"></span>erto sol<span class=\"_ _1c\"></span>o il pri<span class=\"_ _1\"></span>mo ri<span class=\"_ _1\"></span>nnovo<span class=\"_ _1c\"></span>, a meno </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws107 gsa75\">che non vi siano c<span class=\"_ _0\"></span>lausole contr<span class=\"_ _0\"></span>attuali che viet<span class=\"_ _0\"></span>ino il rinno<span class=\"_ _0\"></span>vo, ovvero fat<span class=\"_ _0\"></span>ti o circostanz<span class=\"_ _0\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 wsb4 gsa76\">che port<span class=\"_ _0\"></span>ino a cons<span class=\"_ _0\"></span>iderare r<span class=\"_ _0\"></span>innov<span class=\"_ _0\"></span>i aggiunt<span class=\"_ _0\"></span>ivi o a determ<span class=\"_ _0\"></span>inare la fine del con<span class=\"_ _0\"></span>tra<span class=\"ls35 ws119\">tto<span class=\"_ _0\"></span> di </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gsa77\">leasing;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff9 fs0 fc0 sc0 ls1 ws1 gsa79\">\u2022 <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 wsb1\">per i leasing re<span class=\"_ _0\"></span>lativi ad autovetture, anche laddove pre<span class=\"_ _0\"></span>senti opzioni di rinnovo, di non </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gsa7a\">consi<span class=\"_ _1\"></span>derar<span class=\"_ _1c\"></span>ne ragi<span class=\"_ _1\"></span>onevo<span class=\"_ _1\"></span>lment<span class=\"_ _1\"></span>e ce<span class=\"_ _1\"></span>rto l\u2019es<span class=\"_ _1c\"></span>ercizio<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsba gsa7b\">Si di<span class=\"_ _1\"></span>chiara<span class=\"_ _1\"></span> che, n<span class=\"_ _1\"></span>el cor<span class=\"_ _1c\"></span>so dell\u2019<span class=\"_ _1\"></span>eserci<span class=\"_ _1\"></span>zio d<span class=\"_ _1\"></span>i rife<span class=\"_ _1\"></span>rime<span class=\"_ _1\"></span>nto, <span class=\"_ _1\"></span>non s<span class=\"_ _1\"></span>ono sta<span class=\"_ _1c\"></span>te effett<span class=\"_ _1\"></span>uate op<span class=\"_ _1\"></span>eraz<span class=\"_ _1\"></span>ioni d<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gsa7c\">ven<span class=\"_ _0\"></span>dita e retro<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"lse ws16\">locazione<span class=\"_ _0\"></span> su beni di propr<span class=\"_ _0\"></span>iet\u00e0 del Gruppo An<span class=\"_ _0\"></span>ima.</span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa7d\">Per i contr<span class=\"_ _0\"></span>atti di leasing a bre<span class=\"_ _0\"></span>ve termine o per i contr<span class=\"_ _0\"></span>atti di leasing in<span class=\"_ _0\"></span> cui l'attivit\u00e0 sott<span class=\"_ _0\"></span>ostante \u00e8 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws94 gsa7e\">di mod<span class=\"_ _1c\"></span>esto val<span class=\"_ _1\"></span>ore, i<span class=\"_ _1\"></span>l Gr<span class=\"_ _1c\"></span>uppo Ani<span class=\"_ _1c\"></span>ma eserci<span class=\"_ _1c\"></span>ta le ese<span class=\"_ _1c\"></span>nzioni <span class=\"_ _1\"></span>di ap<span class=\"_ _1\"></span>plica<span class=\"_ _1\"></span>zione c<span class=\"_ _1c\"></span>oncess<span class=\"_ _1\"></span>e dal p<span class=\"_ _1\"></span>arag<span class=\"_ _1\"></span>rafo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wse2 gsa7f\">5 del<span class=\"_ _1\"></span> prin<span class=\"_ _1c\"></span>cipio c<span class=\"_ _1\"></span>ontab<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> IFRS <span class=\"_ _1c\"></span>16: per<span class=\"_ _1\"></span>tant<span class=\"_ _1\"></span>o, pe<span class=\"_ _1\"></span>r tal<span class=\"_ _1\"></span>i co<span class=\"_ _1c\"></span><span class=\"ls0 ws74\">n<span class=\"_ _0\"></span>tratti, i pagament<span class=\"_ _0\"></span>i dovuti per il leasing </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa80\">sono rilev<span class=\"_ _0\"></span>ati nelle spese amministrative su base line<span class=\"_ _0\"></span>are, lungo la durata dei rispettivi contr<span class=\"_ _0\"></span>atti.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws143 gsa81\">Inolt<span class=\"_ _1\"></span>re, s<span class=\"_ _1\"></span>i ric<span class=\"_ _1\"></span>orda <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> alla d<span class=\"_ _1\"></span>ata di<span class=\"_ _1c\"></span> decorr<span class=\"_ _1c\"></span>enza di <span class=\"_ _1\"></span>ciasc<span class=\"_ _1c\"></span>un nuov<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>trat<span class=\"_ _1\"></span>to sub<span class=\"_ _1\"></span>ordi<span class=\"_ _1\"></span>nato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gsa82\">all\u2019applicazio<span class=\"_ _0\"></span>ne del principio contabile<span class=\"_ _0\"></span> IFRS16 <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span></span>a<span class=\"_ _0\"></span>l fine di attu<span class=\"_ _0\"></span>alizzare i pagament<span class=\"_ _0\"></span>i dovuti per il </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gsa83\">leasing <span class=\"ls1 ws1\">- </span><span class=\"ws0\">viene ut<span class=\"_ _0\"></span>ilizzato il tasso di finanz<span class=\"_ _0\"></span>iamento marginale della </span><span class=\"ls11\">Societ\u00e0 a tale data.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls19 ws1 gsa84\">Informazioni<span class=\"_ _1\"></span> quantita<span class=\"_ _1\"></span>tive<span class=\"ls1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws33f gsa85\">Attivit\u00e0 materiali <span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls42 ws33f\">dir<span class=\"_ _0\"></span>itti d\u2019uso acquisiti co<span class=\"_ _1\"></span>n il leasing e i debiti per l<span class=\"_ _1\"></span>easing: composizione<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"gsa86\"><table class=\"s wbb1 h4bc\" id=\"_c241e898-b691-43d1-9b57-2690ff94f613\"><tr><td class=\"c xd53 y38a5 wbb2 h484\"><div class=\"t m72 x1fa h29e y38a4 ff2 fs7f fc0 sc0 ls3c3 ws6de\">Voci dell'at<span class=\"_ _0\"></span>tivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd54 y38a5 wbb3 h484\"><div class=\"t m72 x1fa h29e y38a4 ff2 fs7f fc0 sc0 ls3c4 ws6df\">31/12/<span class=\"_ _0\"></span>2025</div></td><td class=\"c xd55 y38a5 wbb4 h484\"><div class=\"t m72 x1fa h29e y38a4 ff2 fs7f fc0 sc0 ls3c4 ws6df\">31/12/2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38a6 wbb5 h484\"><div class=\"t m72 x1fa h29e y38a4 ff1 fs7f fc0 sc0 ls3c5 ws6e0\">40.<span class=\"_ _19\"> </span><span class=\"ls3c6 ws6e1\">A<span class=\"_ _0\"></span>ttivit\u00e0 finanz<span class=\"_ _1\"></span>iarie valutate<span class=\"_ _1\"></span> al c<span class=\"_ _0\"></span>osto am<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ortizz<span class=\"_ _1\"></span>ato<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xd56 y38a6 wbb6 h484\"><div class=\"t m72 x1fa h29e y38a4 ff1 fs7f fc0 sc0 ls3c5 ws6e0\">313<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd57 y38a6 wbb6 h484\"><div class=\"t m72 x1fa h29e y38a4 ff1 fs7f fc0 sc0 ls3c5 ws6e0\">558<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y38a8 wbb7 h4a7\"><div class=\"t m72 x1fa h29f y38a7 ff5 fs7f fc0 sc0 ls3c7 ws6e3\">C<span class=\"_ _13\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anz<span class=\"_ _0\"></span>iairi pe<span class=\"_ _13\"></span>r c<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ti d<span class=\"_ _0\"></span>i s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> im<span class=\"_ _13\"></span>m<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>iliari<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd59 y38a8 wbb8 h4a7\"><div class=\"t m72 x1fa h29f y38a7 ff5 fs7f fc0 sc0 ls3c8 ws6e4\">313<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd5a y38a8 wbb8 h4a7\"><div class=\"t m72 x1fa h29f y38a7 ff5 fs7f fc0 sc0 ls3c8 ws6e4\">558<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38aa wbb9 h4bd\"><div class=\"t m72 x1fa h29e y38a9 ff1 fs7f fc0 sc0 ls3c5 ws6e0\">80.<span class=\"_ _19\"> </span><span class=\"ls3c6 ws6e1\">A<span class=\"_ _0\"></span>ttivit\u00e0 materiali<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xd5b y38aa wbba h4bd\"><div class=\"t m72 x1fa h29e y38a9 ff1 fs7f fc0 sc0 ls3c5 ws6e0\">20.<span class=\"_ _0\"></span>732<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd5c y38aa wbbb h4bd\"><div class=\"t m72 x1fa h29e y38a9 ff1 fs7f fc0 sc0 ls3c5 ws6e0\">24.966<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y38ac wbbc h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c9 ws6e5\">f<span class=\"_ _0\"></span>ab<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _13\"></span>ati<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd5d y38ac wbbd h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">18.555<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd5e y38ac wbbd h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">22.296<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y38ad wbbe h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c7 ws6e6\">m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd5f y38ad wbbf h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">52<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd60 y38ad wbc0 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">362<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y38ae wbc1 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c7 ws6e3\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>iant<span class=\"_ _0\"></span>i e<span class=\"_ _13\"></span>le<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd61 y38ae wbb8 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">795<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd62 y38ae wbc2 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">1.124<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y38af wbc3 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c7 ws6e3\">altri b<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ni - aut<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd63 y38af wbc2 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">1.331<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd64 y38af wbc2 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">1.185<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y345e wbc4 h484\"><div class=\"t m72 x1fa h29e y38a9 ff2 fs7f fc0 sc0 ls3ca ws6e7\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>ivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd65 y345e wbc5 h484\"><div class=\"t m72 x1fa h29e y38a9 ff2 fs7f fc0 sc0 ls3c4 ws6df\">21.<span class=\"_ _13\"></span>046<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd66 y345e wbc6 h484\"><div class=\"t m72 x1fa h29e y38a9 ff2 fs7f fc0 sc0 ls3c4 ws6df\">25.<span class=\"_ _0\"></span>525<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"gsa87\"><table class=\"s wbc7 h4be\" id=\"_b50ecff4-e7a9-47a5-bc4e-7e976f32c1ad\"><tr><td class=\"c xd67 y38a6 wbc8 h484\"><div class=\"t m72 x1fa h29e y38a9 ff2 fs7f fc0 sc0 ls3ca ws6e7\">Voci<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd68 y38a6 wbb3 h484\"><div class=\"t m72 x1fa h29e y38a9 ff2 fs7f fc0 sc0 ls3c4 ws6df\">31/12/<span class=\"_ _0\"></span>2025</div></td><td class=\"c xd69 y38a6 wbb3 h484\"><div class=\"t m72 x1fa h29e y38a9 ff2 fs7f fc0 sc0 ls3c4 ws6df\">31/12/<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38b0 wbc9 h484\"><div class=\"t m72 x1fa h29e y38a9 ff1 fs7f fc0 sc0 ls3c5 ws6e0\">10.<span class=\"_ _4ac\"> </span></div><div class=\"t m72 xd6a h29e y38a9 ff1 fs7f fc0 sc0 ls3c6 ws6e1\">Pass<span class=\"_ _0\"></span>ivit\u00e0 f<span class=\"_ _0\"></span>inanz<span class=\"_ _1c\"></span>iarie valutate al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizza<span class=\"_ _1\"></span>to<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd6b y38b0 wbca h484\"><div class=\"t m72 x1fa h29e y38a9 ff1 fs7f fc0 sc0 ls3c5 ws6e0\">(<span class=\"_ _0\"></span>22.029)</div></td><td class=\"c xd6c y38b0 wbcb h484\"><div class=\"t m72 x1fa h29e y38a9 ff1 fs7f fc0 sc0 ls3c5 ws6e0\">(26.090)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y38aa wbcc h484\"><div class=\"t m72 x1fa h29e y38a9 ff1 fs7f fc0 sc0 ls3c6 ws6e1\">a) debiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd6d y38aa wbca h484\"><div class=\"t m72 x1fa h29e y38a9 ff1 fs7f fc0 sc0 ls3c5 ws6e0\">(22.<span class=\"_ _0\"></span>029)</div></td><td class=\"c xd6e y38aa wbca h484\"><div class=\"t m72 x1fa h29e y38a9 ff1 fs7f fc0 sc0 ls3c5 ws6e0\">(<span class=\"_ _0\"></span>26.090)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y38ac wbcd h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c7 ws6e3\">de<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r le<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd6f y38ac wbce h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">(19.768)</div></td><td class=\"c xd70 y38ac wbcf h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">(<span class=\"_ _0\"></span>23.321)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y38ad wbd0 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c7 ws6e3\">de<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>bili<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd71 y38ad wbd1 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">(43)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd72 y38ad wbd2 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">(<span class=\"_ _0\"></span>361)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y38ae wbd3 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c7 ws6e3\">de<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r le<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>ian<span class=\"_ _0\"></span>ti e<span class=\"_ _13\"></span>le<span class=\"_ _13\"></span>tt<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ic<span class=\"_ _13\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd73 y38ae wbd4 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">(865)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd74 y38ae wbd5 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">(1.196)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y38af wbd6 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c7 ws6e3\">d<span class=\"_ _4ac\"> </span></div><div class=\"t m72 xd75 h29f y38ab ff5 fs7f fc0 sc0 ls3c7 ws6e3\">e<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> altri b<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ni - aut<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd76 y38af wbd7 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">(<span class=\"_ _0\"></span>1.354)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd77 y38af wbd7 h4bb\"><div class=\"t m72 x1fa h29f y38ab ff5 fs7f fc0 sc0 ls3c8 ws6e4\">(<span class=\"_ _0\"></span>1.212)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd58 y345e wbd8 h484\"><div class=\"t m72 x1fa h29e y38a9 ff2 fs7f fc0 sc0 ls3ca ws6e7\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd78 y345e wbd9 h484\"><div class=\"t m72 x1fa h29e y38a9 ff2 fs7f fc0 sc0 ls3c4 ws6df\">(<span class=\"_ _0\"></span>22.<span class=\"_ _0\"></span>029)</div></td><td class=\"c xd79 y345e wbda h484\"><div class=\"t m72 x1fa h29e y38a9 ff2 fs7f fc0 sc0 ls3c4 ws6df\">(<span class=\"_ _13\"></span>26.090)<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 lse ws16 gsa89\">Componenti<span class=\"_ _0\"></span> reddituali corr<span class=\"_ _0\"></span>elate ai contrat<span class=\"_ _0\"></span>ti di leasing<span class=\"_ _0\"></span> IFRS 16<span class=\"ls1 ws1\"> </span></div><div class=\"gsa8a\"><table class=\"s wbdb h4bf\" id=\"_a8827972-2f7d-43a3-9b40-3021207277dc\"><tr><td class=\"c xd7a y38b2 wbdc h484\"><div class=\"t m73 x1fa h2a2 y38b1 ff2 fs80 fc0 sc0 ls3cb ws6e8\">Voci<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>conom<span class=\"_ _13\"></span>ico<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd7b y38b2 wbdd h484\"><div class=\"t m73 x1fa h2a2 y38b1 ff2 fs80 fc0 sc0 ls3cc ws6e9\">31/12/2025</div></td><td class=\"c xd7c y38b2 wbdd h484\"><div class=\"t m73 x1fa h2a2 y38b1 ff2 fs80 fc0 sc0 ls3cc ws6e9\">31/12/2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7d y38b3 wbde h484\"><div class=\"t m73 x1fa h2a2 y38b1 ff1 fs80 fc0 sc0 ls3cd ws6ea\">50.<span class=\"_ _19\"> </span><span class=\"ls3ce ws6eb\">I<span class=\"_ _0\"></span>ntere<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i attivi e pro<span class=\"_ _1\"></span>venti ass<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ilati<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xd7e y38b3 wbdf h484\"><div class=\"t m73 x1fa h2a2 y38b1 ff1 fs80 fc0 sc0 ls1 ws1\">5<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd7f y38b3 wbe0 h484\"><div class=\"t m73 x1fa h2a2 y38b1 ff1 fs80 fc0 sc0 ls3cd ws6ea\">11<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 x105 h2a3 y2626 ff5 fs80 fc0 sc0 ls3cf ws6ec\">di c<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i int<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>re<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>i att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i re<span class=\"_ _13\"></span>lativ<span class=\"_ _0\"></span>i ai d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>abb<span class=\"_ _0\"></span>ric<span class=\"_ _13\"></span>ati<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd80 y38b5 wbe1 h484\"><div class=\"t m73 x1fa h2a2 y38b1 ff1 fs80 fc0 sc0 ls1 ws1\">5<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd81 y38b5 wbe2 h484\"><div class=\"t m73 x1fa h2a2 y38b1 ff1 fs80 fc0 sc0 ls3cd ws6ea\">11<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7d y38b6 wbe3 h484\"><div class=\"t m73 x1fa h2a2 y38b1 ff1 fs80 fc0 sc0 ls3cd ws6ea\">60.<span class=\"_ _19\"> </span><span class=\"ls3ce ws6eb\">I<span class=\"_ _0\"></span>ntere<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i pass<span class=\"_ _0\"></span>ivi e oneri a<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>imilati<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xd82 y38b6 wbe4 h484\"><div class=\"t m73 x1fa h2a2 y38b1 ff1 fs80 fc0 sc0 ls3cd ws6ea\">(<span class=\"_ _0\"></span>842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd83 y38b6 wbe5 h484\"><div class=\"t m73 x1fa h2a2 y38b1 ff1 fs80 fc0 sc0 ls3cd ws6ea\">(<span class=\"_ _0\"></span>750)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38b8 wbe6 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3cf ws6ec\">di c<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i re<span class=\"_ _13\"></span>lativ<span class=\"_ _0\"></span>i ai de<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r le<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ati<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd84 y38b8 wbe7 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d0 ws6ed\">(749)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 x21 h2a2 y262a ff1 fs80 fc0 sc0 ls3cd ws6ea\">(675)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38b9 wbe8 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3cf ws6ec\">di c<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i re<span class=\"_ _13\"></span>lativ<span class=\"_ _0\"></span>i ai de<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r le<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>bili<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd85 y38b9 wbe9 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d0 ws6ed\">(7)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 x4a h2a2 y262c ff1 fs80 fc0 sc0 ls3cd ws6ea\">(5)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38ba wbea h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3cf ws6ec\">di c<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i re<span class=\"_ _13\"></span>lativ<span class=\"_ _0\"></span>i ai de<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r le<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>ian<span class=\"_ _0\"></span>ti e<span class=\"_ _13\"></span>le<span class=\"_ _13\"></span>tt<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ic<span class=\"_ _13\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd86 y38ba wbeb h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d0 ws6ed\">(40)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 x78 h2a2 y262e ff1 fs80 fc0 sc0 ls3cd ws6ea\">(36)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38bb wbec h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3cf ws6ec\">di c<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i re<span class=\"_ _13\"></span>lativ<span class=\"_ _0\"></span>i ai de<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r le<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> altr<span class=\"_ _0\"></span>i be<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i - auto<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd87 y38bb wbed h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d0 ws6ed\">(<span class=\"_ _0\"></span>47)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 x78 h2a2 y2630 ff1 fs80 fc0 sc0 ls3cd ws6ea\">(34)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38bd wbee h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3cd ws6ea\">140.<span class=\"_ _19\"> </span><span class=\"ls3ce ws6eb\">Spese am<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>inistrative:<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xd88 y38bd wbef h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3cd ws6ea\">(<span class=\"_ _0\"></span>1.106)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd89 y38bd wbf0 h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3cd ws6ea\">(504)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38be wbf1 h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3d1 ws6ed\">a) s<span class=\"_ _0\"></span>pes<span class=\"_ _0\"></span>e per i<span class=\"_ _0\"></span>l pers<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd8a y38be wbf2 h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3cd ws6ea\">(298)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd8b y38be wbf3 h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3cd ws6ea\">(<span class=\"_ _0\"></span>92)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38bf wbf4 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d2 ws6ee\">cost<span class=\"_ _1\"></span>i<span class=\"_ _1c\"></span> per<span class=\"_ _d\"></span> nol<span class=\"_ _d\"></span>eggi<span class=\"_ _d\"></span>o a<span class=\"_ _d\"></span>ut<span class=\"_ _1c\"></span>o a<span class=\"_ _1c\"></span> br<span class=\"_ _d\"></span>eve ter<span class=\"_ _d\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _1c\"></span>ne<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd8c y38bf wbe7 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d0 ws6ed\">(298)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 x78 h2a2 y2634 ff1 fs80 fc0 sc0 ls3cd ws6ea\">(92)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38c0 wbf5 h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3ce ws6eb\">b) altre spese am<span class=\"_ _0\"></span>minis<span class=\"_ _0\"></span>trative<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd8d y38c0 wbf2 h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3cd ws6ea\">(808)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd8e y38c0 wbf2 h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3cd ws6ea\">(412)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38c1 wbf6 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3cf ws6ec\">c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _11\"></span>ti p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>gg<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>iant<span class=\"_ _0\"></span>i e<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd8f y38c1 wbf7 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d0 ws6ed\">(161)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 x21 h2a2 y2637 ff1 fs80 fc0 sc0 ls3cd ws6ea\">(135)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38c2 wbf8 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3cf ws6ec\">lo<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>azio<span class=\"_ _13\"></span>ni im<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ili a bre<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> te<span class=\"_ _13\"></span>rm<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd90 y38c2 wbf9 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d0 ws6ed\">(<span class=\"_ _0\"></span>647)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 x21 h2a2 y2639 ff1 fs80 fc0 sc0 ls3cd ws6ea\">(277)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38c3 wbfa h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3cd ws6ea\">160.<span class=\"_ _19\"> </span><span class=\"ls3ce ws6eb\">Rettific<span class=\"_ _0\"></span>he/<span class=\"_ _1\"></span>Ripr<span class=\"_ _1\"></span>es<span class=\"_ _0\"></span>e di valor<span class=\"_ _1\"></span>e nette<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>u attivit\u00e0 materiali<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xd91 y38c3 wbfb h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3cd ws6ea\">(6.222)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd92 y38c3 wbfc h484\"><div class=\"t m73 x1fa h2a2 y38bc ff1 fs80 fc0 sc0 ls3cd ws6ea\">(<span class=\"_ _0\"></span>6.222)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38c4 wbfd h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3cf ws6ec\">A<span class=\"_ _13\"></span>m<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>am<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span>i D<span class=\"_ _11\"></span>iritt<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i d'u<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ati ac<span class=\"_ _13\"></span>qu<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>i c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n il le<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>ing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd93 y38c4 wbfe h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d0 ws6ed\">(<span class=\"_ _0\"></span>4.940)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 xb3 h2a2 y263c ff1 fs80 fc0 sc0 ls3cd ws6ea\">(4.<span class=\"_ _0\"></span>978)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38c5 wbff h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3cf ws6ec\">A<span class=\"_ _13\"></span>m<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>am<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span>i D<span class=\"_ _11\"></span>iritt<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i d'u<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>bili ac<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>i c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> il le<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>ing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd94 y38c5 wbe7 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d0 ws6ed\">(310)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 x21 h2a2 y263e ff1 fs80 fc0 sc0 ls3cd ws6ea\">(151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y38c6 wc00 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3cf ws6ec\">A<span class=\"_ _13\"></span>m<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>am<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span>i D<span class=\"_ _11\"></span>iritt<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i d'u<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>ian<span class=\"_ _0\"></span>ti e<span class=\"_ _13\"></span>le<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ic<span class=\"_ _13\"></span>i ac<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>i c<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> il le<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd95 y38c6 wbf9 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d0 ws6ed\">(<span class=\"_ _0\"></span>329)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 x21 h2a2 y2640 ff1 fs80 fc0 sc0 ls3cd ws6ea\">(280)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xd7a y345e wc01 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3cf ws6ec\">A<span class=\"_ _13\"></span>m<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>am<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span>i D<span class=\"_ _11\"></span>iritt<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i d'u<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> altr<span class=\"_ _0\"></span>i be<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i (au<span class=\"_ _0\"></span>to<span class=\"_ _13\"></span>) ac<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>iti c<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> il le<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd96 y345e wbf9 h4a7\"><div class=\"t m73 x1fa h2a3 y38b7 ff5 fs80 fc0 sc0 ls3d0 ws6ed\">(<span class=\"_ _0\"></span>642)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x250 y38b4 w1d7 h2a1\"><div class=\"t m73 x21 h2a2 y2642 ff1 fs80 fc0 sc0 ls3cd ws6ea\">(542)<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gsa8b\">Attivit\u00e0 materiali <span class=\"ls1 ws1\">\u2013 </span>dir<span class=\"_ _1\"></span>itti d\u2019uso acquisiti con il leasing: variazioni <span class=\"_ _1\"></span>annue<span class=\"ls1 ws1\"> </span></div><div class=\"c w1d9 h2a6 gsa8c\"><div class=\"t m74 x26 h2a5 y2647 ff2 fs81 fc0 sc0 ls3d4 ws6f0\">Im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ianti<span class=\"_ _4ac\"> </span></div></div><div class=\"gsa8d\"><table class=\"s wc02 h4c0\" id=\"_685ffa25-6e59-4b00-91ca-a5a9a36212c7\"><tr><td></td><td></td><td class=\"c x405 y38c7 w1d8 h2a4\"><div class=\"t m74 xc7 h2a5 y2644 ff2 fs81 fc0 sc0 ls3d3 ws6ef\">Fabb<span class=\"_ _0\"></span>ricati<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y38c8 w1d8 h2a6\"><div class=\"t m74 x6f h2a5 y2646 ff2 fs81 fc0 sc0 ls3d3 ws6ef\">Arred<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd97 y38c8 w1d9 h2a6\"><div class=\"t m74 x5a h2a5 y2648 ff2 fs81 fc0 sc0 ls3d5 ws6f1\">elet<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ronici<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd98 y38c9 wc03 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d5 ws6f1\">Alt<span class=\"_ _0\"></span>re<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd99 y38c9 wc04 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d6 ws6f2\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38ca wc05 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d7 ws6f3\">A.<span class=\"_ _cd\"> </span><span class=\"ls3d5 ws6f4\">Esis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nze iniz<span class=\"_ _0\"></span>iali lorde<span class=\"_ _4ac\"> </span></span></div></td><td></td><td class=\"c xd9a y38ca wc06 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">34.116<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd9b y38ca wc07 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">574<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd9c y38ca wc08 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">1.<span class=\"_ _0\"></span>609<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd9d y38ca wc09 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">2.320<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd9e y38ca wc0a h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">38.<span class=\"_ _0\"></span>620<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y38c7 w1d8 h2a4\"><div class=\"t m74 x24 h2a5 y264b ff1 fs81 fc0 sc0 ls3d9 ws6f6\">A<span class=\"_ _0\"></span>.1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y38cb w1d8 h2a7\"><div class=\"t m74 x93 h2a5 y264d ff1 fs81 fc0 sc0 ls3da ws6f7\">Ridu<span class=\"_ _1\"></span>zioni di va<span class=\"_ _1\"></span>lori totali nette<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc63 y38cd wc0b h444\"><div class=\"t m74 x1fa h2a8 y38cc ff5 fs81 fc0 sc0 ls3db ws6f8\">(11.821)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd9f y38cd wc0c h444\"><div class=\"t m74 x1fa h2a8 y38cc ff5 fs81 fc0 sc0 ls3db ws6f8\">(211)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xda0 y38cd wc0c h444\"><div class=\"t m74 x1fa h2a8 y38cc ff5 fs81 fc0 sc0 ls3db ws6f8\">(485)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xda1 y38cd wc0d h444\"><div class=\"t m74 x1fa h2a8 y38cc ff5 fs81 fc0 sc0 ls3db ws6f8\">(1.135)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xda2 y38cd wc0e h444\"><div class=\"t m74 x1fa h2a8 y38cc ff5 fs81 fc0 sc0 ls3db ws6f8\">(13.652)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38ce wc0f h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d7 ws6f3\">A.2</div></td><td class=\"c xda3 y38ce wc10 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d5 ws6f4\">Esist<span class=\"_ _0\"></span>enze<span class=\"_ _0\"></span> iniziali net<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xda4 y38ce wc11 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">22.<span class=\"_ _0\"></span>295<span class=\"_ _4ac\"> </span></div></td><td class=\"c xda5 y38ce wc12 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">17.391<span class=\"_ _4ac\"> </span></div></td><td class=\"c xda6 y38ce wc13 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">1.124<span class=\"_ _4ac\"> </span></div></td><td class=\"c xda7 y38ce wc08 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">1.<span class=\"_ _0\"></span>186<span class=\"_ _4ac\"> </span></div></td><td class=\"c xda8 y38ce wc14 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">24.<span class=\"_ _0\"></span>967<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38cf wc15 h475\" colspan=\"2\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3dc ws6f9\">B.<span class=\"_ _0\"></span> <span class=\"_ _83\"> </span><span class=\"ls3d4 ws6f0\">Aum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i:<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xda9 y38cf wc16 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">1.<span class=\"_ _0\"></span>616<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdaa y38cf wc17 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdab y38cf wc18 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">118<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdac y38cf wc08 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">1.<span class=\"_ _0\"></span>077<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdad y38cf wc09 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">2.811<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y38c7 w1d8 h2a4\"><div class=\"t m74 x24 h2a5 y2651 ff1 fs81 fc0 sc0 ls3d9 ws6f6\">B.1<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcee y38d0 wc19 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3da ws6fa\">Ac<span class=\"_ _0\"></span>quisti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdae y38d0 wc18 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">502<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdaf y38d0 wc17 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdb0 y38d0 wc17 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdb1 y38d0 wc18 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">951<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdb2 y38d0 wc1a h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">1.<span class=\"_ _0\"></span>454<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y38c7 w1d8 h2a4\"><div class=\"t m74 x24 h2a5 y2654 ff1 fs81 fc0 sc0 ls3d9 ws6f6\">B.7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcee y38d1 wc1b h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3da ws6f7\">Altre variazioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdb3 y38d1 wc1c h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">1.113<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdb4 y38d1 wc17 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdb5 y38d1 wc18 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">118<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdb6 y38d1 wc18 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">126<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdb7 y38d1 wc1c h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">1.357<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f5 wc1d h475\" colspan=\"2\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3dd ws6fb\">C.<span class=\"_ _4ac\"> </span></div><div class=\"t m74 xdb8 h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d5 ws6f1\">Dim<span class=\"_ _0\"></span>inuzioni:<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdb9 y36f5 wc1e h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">(<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>357)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdba y36f5 wc1f h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">(310)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdbb y36f5 wc1f h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">(447)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdbc y36f5 wc20 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">(<span class=\"_ _0\"></span>932)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdbd y36f5 wc1e h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">(<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>046)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y38c7 w1d8 h2a4\"><div class=\"t m74 x24 h2a5 y265a ff1 fs81 fc0 sc0 ls3d9 ws6f6\">C<span class=\"_ _0\"></span>.1<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcee y38d2 wc21 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3da ws6fa\">Vendite<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdbe y38d2 wc22 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(<span class=\"_ _0\"></span>340)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdbf y38d2 wc17 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdc0 y38d2 wc23 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(118)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdc1 y38d2 wc24 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(200)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdc2 y38d2 wc25 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(<span class=\"_ _0\"></span>658)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y38c7 w1d8 h2a4\"><div class=\"t m74 x24 h2a5 y265d ff1 fs81 fc0 sc0 ls3d9 ws6f6\">C<span class=\"_ _0\"></span>.2<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcee y3845 wc26 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3de ws6fc\">Ammor<span class=\"_ _1c\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1c\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdc3 y3845 wc27 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(<span class=\"_ _0\"></span>4.940)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdc4 y3845 wc28 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(<span class=\"_ _0\"></span>310)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdc5 y3845 wc23 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(329)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdc6 y3845 wc22 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(<span class=\"_ _0\"></span>642)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdc7 y3845 wc29 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(6.222)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y38c7 w1d8 h2a4\"><div class=\"t m74 x24 h2a5 y265f ff1 fs81 fc0 sc0 ls3d9 ws6f6\">C<span class=\"_ _0\"></span>.7<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y38d3 w1d8 h2a9\"><div class=\"t m74 x93 h2a5 y2661 ff1 fs81 fc0 sc0 ls3da ws6f7\">Altre variazioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdc8 y38d4 wc2a h444\"><div class=\"t m74 x1fa h2a8 y38cc ff5 fs81 fc0 sc0 ls3db ws6f8\">(77)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdc9 y38d4 wc2b h444\"><div class=\"t m74 x1fa h2a8 y38cc ff5 fs81 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdca y38d4 wc2c h444\"><div class=\"t m74 x1fa h2a8 y38cc ff5 fs81 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdcb y38d4 wc2a h444\"><div class=\"t m74 x1fa h2a8 y38cc ff5 fs81 fc0 sc0 ls3db ws6f8\">(90)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y38d3 w1d8 h2a9\"><div class=\"t m74 x21 h2a5 y2661 ff1 fs81 fc0 sc0 ls3dc ws6f9\">2.161<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38d5 wc2d h475\" colspan=\"2\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d7 ws6f3\">D. <span class=\"_ _8d\"> </span><span class=\"ls3d4 ws6fd\">Rim<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali net<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xdcc y38d5 wc11 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">18.<span class=\"_ _0\"></span>554<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdcd y38d5 wc2e h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">52<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdce y38d5 wc18 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">796<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdcf y38d5 wc08 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">1.<span class=\"_ _0\"></span>331<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdd0 y38d5 wc14 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">20.<span class=\"_ _0\"></span>732<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38d6 wc2f h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3d9 ws6f6\">D<span class=\"_ _0\"></span>.1</div></td><td class=\"c xdd1 y38d6 wc30 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3da ws6f7\">Riduz<span class=\"_ _1\"></span>ioni di valore totali n<span class=\"_ _1\"></span>ette<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdd2 y38d6 wc31 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(<span class=\"_ _0\"></span>14.811)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdd3 y38d6 wc24 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(522)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdd4 y38d6 wc22 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(<span class=\"_ _0\"></span>696)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdd5 y38d6 wc32 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">(<span class=\"_ _0\"></span>1.540)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y38c7 w1d8 h2a4\"><div class=\"t m74 xb9 h2a8 y2665 ff5 fs81 fc0 sc0 ls3db ws6f8\">(17.569)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38d7 wc33 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d7 ws6f3\">D.2</div></td><td class=\"c xdd6 y38d7 wc34 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d5 ws6f4\">Rim<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali lorde<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdd7 y38d7 wc11 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">33.<span class=\"_ _0\"></span>365<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd9b y38d7 wc07 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">574<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd9c y38d7 wc08 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">1.<span class=\"_ _0\"></span>491<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd9d y38d7 wc09 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">2.871<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd9e y38d7 wc0a h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff2 fs81 fc0 sc0 ls3d8 ws6f5\">38.<span class=\"_ _0\"></span>301<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wc35 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3df ws6fe\">E.<span class=\"_ _167\"> </span><span class=\"ls3da ws6f7\">Valutazione al costo<span class=\"_ _4ac\"> </span></span></div></td><td></td><td class=\"c xdd8 y345e wc36 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">18.554<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdd9 y345e wc37 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">52<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdda y345e wc07 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">796<span class=\"_ _4ac\"> </span></div></td><td class=\"c xddb y345e wc38 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">1.331<span class=\"_ _4ac\"> </span></div></td><td class=\"c xddc y345e wc36 h475\"><div class=\"t m74 x1fa h2a5 y36e6 ff1 fs81 fc0 sc0 ls3dc ws6f9\">20.732<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff1 fs9 fc0 sc0 ls1 ws19c gsa8f\">Tassi utilizzati nell'attualiz<span class=\"_ _0\"></span>zazione degli inc<span class=\"_ _0\"></span>assi e pagamenti dovuti per il le<span class=\"_ _0\"></span>asing<span class=\"ws1\"> </span></div><div class=\"gsa90\"><table class=\"s wc39 h4c1\" id=\"_5d6d8dbb-337b-4198-b45e-3cd632abc771\"><tr><td class=\"c x405 y38d8 w1da h2ab\"><div class=\"t m75 x24 h2ac y2673 ff2 fs82 fc0 sc0 ls3e0 ws6ff\">Tassi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xddd y38d8 w1db h2ab\"><div class=\"t m75 x24 h2ac y2674 ff2 fs82 fc0 sc0 ls3e1 ws700\">Cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>i f<span class=\"_ _0\"></span>inanziairi p<span class=\"_ _0\"></span>er contrat<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>i </div></td><td class=\"c xdde y38d8 w1dc h2ab\"><div class=\"t m75 x24 h2ac y2674 ff2 fs82 fc0 sc0 ls3e2 ws701\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td></tr><tr><td></td><td class=\"c xddd y38d8 w1db h2ab\"><div class=\"t m75 x24 h2ac y2675 ff2 fs82 fc0 sc0 ls3e1 ws700\">sub<span class=\"_ _0\"></span>leasing im<span class=\"_ _0\"></span>mob<span class=\"_ _0\"></span>iliari<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdde y38d8 w1dc h2ab\"><div class=\"t m75 x24 h2ac y2675 ff2 fs82 fc0 sc0 ls3e1 ws702\">Cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y38d9 w1da h2ad\"><div class=\"t m75 x55 h2ae y2677 ffd fs82 fc0 sc0 ls3e3 ws703\">1,<span class=\"_ _0\"></span>325%<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc58 y38db wc3a h4c2\"><div class=\"t m75 x1fa h2ac y38da ff2 fs82 fc0 sc0 ls3e3 ws703\">313</div></td><td class=\"c xddf y38db wc3b h4c2\"><div class=\"t m75 x1fa h2ac y38da ff2 fs82 fc0 sc0 ls3e3 ws703\">313<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wc3c h4c2\"><div class=\"t m75 x1fa h2ac y38da ff2 fs82 fc0 sc0 ls3e2 ws701\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xde0 y345e wc3a h4c2\"><div class=\"t m75 x1fa h2ac y38da ff2 fs82 fc0 sc0 ls3e3 ws703\">313</div></td><td class=\"c xde1 y345e wc3d h4c2\"><div class=\"t m75 x1fa h2ac y38da ff2 fs82 fc0 sc0 ls3e3 ws703\">313<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"gsa91\"><table class=\"s wc3e h4c3\" id=\"_a766dc5a-734b-4d7a-b68a-991028c1039c\"><tr><td></td><td class=\"c xde2 y38dc w1de h2b0\"><div class=\"t m36 x24 h2b1 y267d ff2 fs83 fc0 sc0 ls3e5 ws705\">De<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>er </div></td><td class=\"c x771 y38dc w1df h2b0\"><div class=\"t m36 x24 h2b1 y2680 ff2 fs83 fc0 sc0 ls3e5 ws705\">De<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>er </div></td><td></td><td class=\"c xde3 y38dc w1df h2b0\"><div class=\"t m36 x24 h2b1 y267d ff2 fs83 fc0 sc0 ls3e5 ws705\">De<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>er </div></td><td></td></tr><tr><td class=\"c x405 y38dc w1dd h2b0\"><div class=\"t m36 x24 h2b1 y267c ff2 fs83 fc0 sc0 ls3e4 ws704\">Tassi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xde2 y38dc w1de h2b0\"><div class=\"t m36 x24 h2b1 y267e ff2 fs83 fc0 sc0 ls3e6 ws704\">leas<span class=\"_ _0\"></span>ing su </div></td><td class=\"c x771 y38dc w1df h2b0\"><div class=\"t m36 x24 h2b1 y2681 ff2 fs83 fc0 sc0 ls3e6 ws704\">leas<span class=\"_ _0\"></span>ing su </div></td><td class=\"c xde4 y38dc w1df h2b0\"><div class=\"t m36 x24 h2b1 y2684 ff2 fs83 fc0 sc0 ls3e5 ws705\">De<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>er </div></td><td class=\"c xde3 y38dc w1df h2b0\"><div class=\"t m36 x24 h2b1 y267e ff2 fs83 fc0 sc0 ls3e5 ws705\">leasing su alt<span class=\"_ _0\"></span>ri </div></td><td class=\"c xde5 y38dc w1e0 h2b0\"><div class=\"t m36 x24 h2b1 y2684 ff2 fs83 fc0 sc0 ls3e8 ws708\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td></tr><tr><td></td><td class=\"c xde2 y38dc w1de h2b0\"><div class=\"t m36 x24 h2b1 y267f ff2 fs83 fc0 sc0 ls3e7 ws706\">fab<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ricati<span class=\"_ _4ac\"> </span></div></td><td class=\"c x771 y38dc w1df h2b0\"><div class=\"t m36 x24 h2b1 y2682 ff2 fs83 fc0 sc0 ls3e5 ws707\">imp<span class=\"_ _0\"></span>iant<span class=\"_ _0\"></span>i </div></td><td class=\"c xde4 y38dc w1df h2b0\"><div class=\"t m36 x24 h2b1 y2685 ff2 fs83 fc0 sc0 ls3e5 ws705\">leasing su m<span class=\"_ _0\"></span>obili<span class=\"_ _4ac\"> </span></div></td><td class=\"c xde3 y38dc w1df h2b0\"><div class=\"t m36 x24 h2b1 y267f ff2 fs83 fc0 sc0 ls3e6 ws704\">be<span class=\"_ _0\"></span>ni - auto<span class=\"_ _4ac\"> </span></div></td><td class=\"c xde5 y38dc w1e0 h2b0\"><div class=\"t m36 x24 h2b1 y2685 ff2 fs83 fc0 sc0 ls3e5 ws707\">De<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x771 y38dc w1df h2b0\"><div class=\"t m36 x24 h2b1 y2683 ff2 fs83 fc0 sc0 ls3e5 ws707\">ele<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>ronici </div></td><td></td><td></td><td></td></tr><tr><td class=\"c xde6 y38dd wc3f h4c4\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">0,<span class=\"_ _0\"></span>140%<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xde7 y38dd wc40 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">17.946<span class=\"_ _4ac\"> </span></div></td><td class=\"c xde8 y38dd wc41 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">17.<span class=\"_ _13\"></span>946<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y38de wc3f h4c4\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">1,<span class=\"_ _0\"></span>161%<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xde9 y38de wc42 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">42.832<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdea y38de wc40 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">12.523<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdeb y38de wc41 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">55.<span class=\"_ _13\"></span>355<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y38df wc3f h4c4\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">1,<span class=\"_ _0\"></span>325%<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdec y38df wc43 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">781.194<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xded y38df wc44 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">781.<span class=\"_ _13\"></span>194<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y38e0 wc3f h4c4\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">1,<span class=\"_ _0\"></span>540%<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdec y38e0 wc43 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">100.371<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xded y38e0 wc44 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">100.<span class=\"_ _13\"></span>371<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y35f1 wc3f h4c4\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">1,<span class=\"_ _0\"></span>542%<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdee y35f1 wc45 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">1.520.<span class=\"_ _0\"></span>159<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xdef y35f1 wc46 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">1.<span class=\"_ _0\"></span>520.<span class=\"_ _0\"></span>159<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y35f2 wc3f h4c4\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">1,<span class=\"_ _0\"></span>711%<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xdf0 y35f2 wc47 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">3.553<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdf1 y35f2 wc48 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">3.<span class=\"_ _0\"></span>553<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y38e1 wc3f h4c4\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">1,<span class=\"_ _0\"></span>770%<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdee y38e1 wc45 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">1.615.<span class=\"_ _0\"></span>829<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xdef y38e1 wc46 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">1.<span class=\"_ _0\"></span>615.<span class=\"_ _0\"></span>829<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y38e2 wc3f h4c4\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">2,<span class=\"_ _0\"></span>020%<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xdf2 y38e2 wc49 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">57.882<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xdf3 y38e2 wc40 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">14.082<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdf4 y38e2 wc4a h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">71.<span class=\"_ _0\"></span>964<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y38e3 wc3f h4c4\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">2,<span class=\"_ _0\"></span>061%<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdf5 y38e3 wc49 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">82.654<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xdf6 y38e3 wc4a h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">82.<span class=\"_ _0\"></span>654<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y38e4 wc3f h4c4\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">2,<span class=\"_ _0\"></span>138%<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdee y38e4 wc45 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">1.828.<span class=\"_ _0\"></span>893<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xdef y38e4 wc46 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">1.<span class=\"_ _0\"></span>828.<span class=\"_ _0\"></span>893<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y35f7 wc3f h462\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">3,<span class=\"_ _0\"></span>738%<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xdf7 y35f7 wc4b h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">468.<span class=\"_ _0\"></span>666</div></td><td class=\"c xdf8 y35f7 wc4c h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">468.<span class=\"_ _0\"></span>666<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y35f8 wc3f h462\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">3,<span class=\"_ _0\"></span>741%<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdf5 y35f8 wc49 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">63.097<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xdf9 y35f8 wc43 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">341.398</div></td><td class=\"c xdfa y35f8 wc4d h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">404.495<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y38e5 wc3f h462\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">4,<span class=\"_ _0\"></span>057%<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdee y38e5 wc45 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">8.214.<span class=\"_ _0\"></span>429<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdfb y38e5 wc4e h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">540.050<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xdfc y38e5 wc43 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">195.441</div></td><td class=\"c xdfd y38e5 wc46 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">8.<span class=\"_ _0\"></span>949.<span class=\"_ _0\"></span>921<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y35f9 wc3f h462\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">4,<span class=\"_ _0\"></span>060%<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdee y35f9 wc45 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">5.561.<span class=\"_ _0\"></span>008<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdfb y35f9 wc4e h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">187.220<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xdfc y35f9 wc43 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">106.858</div></td><td class=\"c xdfd y35f9 wc46 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">5.<span class=\"_ _0\"></span>855.<span class=\"_ _0\"></span>085<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y35fa wc3f h462\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">4,<span class=\"_ _0\"></span>120%<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xdf2 y35fa wc49 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">79.518<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xdfe y35fa wc43 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">149.785</div></td><td class=\"c xdff y35fa wc4f h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">229.<span class=\"_ _0\"></span>303<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y35fb wc3f h462\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">4,<span class=\"_ _0\"></span>188%<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xdf0 y35fb wc47 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">4.688<span class=\"_ _4ac\"> </span></div></td><td class=\"c xdf1 y35fb wc48 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">4.<span class=\"_ _0\"></span>688<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xde6 y35fc wc3f h462\"><div class=\"t m36 x1fa h2b1 y35f0 ffd fs83 fc0 sc0 ls3e9 ws709\">4,<span class=\"_ _0\"></span>820%<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xde7 y35fc wc40 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff1 fs83 fc0 sc0 ls3ea ws70a\">38.627<span class=\"_ _4ac\"> </span></div></td><td class=\"c xde8 y35fc wc41 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">38.<span class=\"_ _13\"></span>627<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wc50 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e8 ws708\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe00 y345e wc51 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">19.<span class=\"_ _0\"></span>767.<span class=\"_ _0\"></span>634<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe01 y345e wc52 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">864.<span class=\"_ _0\"></span>669<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe02 y345e wc53 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">42.832<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe03 y345e wc54 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">1.<span class=\"_ _0\"></span>353.<span class=\"_ _13\"></span>567</div></td><td class=\"c xe04 y345e wc55 h441\"><div class=\"t m36 x1fa h2b1 y35f0 ff2 fs83 fc0 sc0 ls3e9 ws709\">22.<span class=\"_ _0\"></span>028.<span class=\"_ _0\"></span>702<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h252 ff5 fs9 fc0 sc0 ls7b ws19a gsa92\">P<span class=\"_ _0\"></span>ro<span class=\"_ _13\"></span>filo<span class=\"_ _0\"></span> d<span class=\"_ _13\"></span>i s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span> al co<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>rt<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> </div><div class=\"t m0 h252 ff5 fs9 fc0 sc0 ls7b ws19a gsa93\">all'acq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>i d<span class=\"_ _13\"></span>'u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> tram<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ti d<span class=\"_ _13\"></span>i <span class=\"ws1aa\">le<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"gsa94\"><table class=\"s wc56 h4c5\" id=\"_f8ea651f-970b-4d99-b41c-86be7ece6f29\"><tr><td class=\"c x2cd y38e6 w1e1 h2b3\"><div class=\"t m76 x3c h2b4 y269a ff2 fs84 fc0 sc0 ls3eb ws70c\">Att<span class=\"_ _0\"></span>ivit\u00e0/Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _0\"></span> valutate al </div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y38e6 w1e1 h2b3\"><div class=\"t m76 x3c h2b4 y269b ff2 fs84 fc0 sc0 ls3ec ws70d\">cost<span class=\"_ _0\"></span>o am<span class=\"_ _0\"></span>mor<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe05 y38e8 wc57 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3ed ws70e\">Infe<span class=\"_ _0\"></span>riore a 6 mesi</div></td><td class=\"c xe06 y38e8 wc58 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3ed ws70e\">I<span class=\"_ _0\"></span>nferiori a 1 anno</div></td><td class=\"c xe07 y38e8 wc59 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3ed ws70e\">Tra 1 e 3 anni</div></td><td class=\"c xe08 y38e8 wc59 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3ed ws70e\">Tra 3 e 5 anni</div></td><td class=\"c xe09 y38e8 wc5a h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3ee ws70f\">Oltre<span class=\"_ _0\"></span> i 5 anni</div></td><td class=\"c xe0a y38e8 wc5b h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3ec ws710\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xe0b y38e9 w1e2 h2b5\"><div class=\"t m76 x121 h2b4 y269e ff2 fs84 fc0 sc0 ls3ef ws711\">Attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y38ea w1e1 h2b3\"><div class=\"t m76 x3c h2b6 y26a0 ff5 fs84 fc0 sc0 ls3f0 ws712\">C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>i f<span class=\"_ _0\"></span>inanziairi p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>trat<span class=\"_ _0\"></span>ti di s<span class=\"_ _13\"></span>uble<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span> </div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y38ea w1e1 h2b3\"><div class=\"t m76 x3c h2b6 y26a1 ff5 fs84 fc0 sc0 ls3f0 ws713\">im<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>ob<span class=\"_ _0\"></span>iliari<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe0c y38ec wc5c h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">98<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe0d y38ec wc5c h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">99<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe0e y38ec wc5d h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">116<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe0f y38ec wc5e h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xe10 y38ec wc5d h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">313<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xe11 y38ed wc5f h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3ec ws710\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe12 y38ed wc5c h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3f2 ws716\">98<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe13 y38ed wc5c h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3f2 ws716\">99<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe14 y38ed wc5d h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3f2 ws716\">116<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe15 y38ed wc60 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe16 y38ed wc61 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe17 y38ed wc5d h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3f2 ws716\">313<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xe0b y38ee w1e2 h2b5\"><div class=\"t m76 x121 h2b4 y26a7 ff2 fs84 fc0 sc0 ls3eb ws717\">Passivit<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y38ef wc62 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f0 ws712\">D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>iti pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>u f<span class=\"_ _0\"></span>abb<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>ati<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe18 y38ef wc63 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(1.939)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe19 y38ef wc64 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(<span class=\"_ _0\"></span>2.612)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe1b y38ef wc65 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(</div><div class=\"t m76 xe1a h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">8.882)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe1c y38ef wc63 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(6.335)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe1d y38ef wc66 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe1e y38ef wc67 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(<span class=\"_ _0\"></span>19.768)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38f0 wc68 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f0 ws712\">D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>iti pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>u m<span class=\"_ _13\"></span>ob<span class=\"_ _0\"></span>ili e<span class=\"_ _0\"></span> arre<span class=\"_ _0\"></span>di<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe1f y38f0 wc69 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(<span class=\"_ _0\"></span>15)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe20 y38f0 wc6a h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(15)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe21 y38f0 wc6b h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(<span class=\"_ _0\"></span>12)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe22 y38f0 wc66 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe23 y38f0 wc66 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe24 y38f0 wc6c h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(43)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38f1 wc6d h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f0 ws712\">D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>iti pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>u im<span class=\"_ _13\"></span>piant<span class=\"_ _0\"></span>i e<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>ron<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe25 y38f1 wc6e h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(257)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe26 y38f1 wc6e h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(254)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe27 y38f1 wc6f h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(716)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe28 y38f1 wc6b h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(<span class=\"_ _0\"></span>67)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe29 y38f1 wc66 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe2a y38f1 wc64 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(<span class=\"_ _0\"></span>1.293)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38f2 wc70 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f0 ws712\">D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>iti pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>u alt<span class=\"_ _0\"></span>ri be<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i - auto<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe2b y38f2 wc6e h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(231)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe2c y38f2 wc6e h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(208)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe2d y38f2 wc6e h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(451)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe2e y38f2 wc6c h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(35)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe2f y38f2 wc5e h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe30 y38f2 wc71 h4c6\"><div class=\"t m76 x1fa h2b6 y38eb ff5 fs84 fc0 sc0 ls3f1 ws714\">(<span class=\"_ _0\"></span>925)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xe11 y345e wc5f h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3ec ws710\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe31 y345e wc72 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3f2 ws716\">(<span class=\"_ _0\"></span>2.443)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe32 y345e wc72 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3f2 ws716\">(<span class=\"_ _0\"></span>3.089)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe33 y345e wc73 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3f2 ws716\">(<span class=\"_ _0\"></span>10.060)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe34 y345e wc74 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3f2 ws716\">(<span class=\"_ _0\"></span>6.437)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe35 y345e wc60 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe36 y345e wc75 h423\"><div class=\"t m76 x1fa h2b4 y38e7 ff2 fs84 fc0 sc0 ls3f2 ws716\">(<span class=\"_ _0\"></span>22.029)</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-655": {
   "value": "Sezione 4 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Atti<span class=\"_ _0\"></span>vit\u00e0 f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ziarie<span class=\"_ _0\"></span> valutate<span class=\"_ _0\"></span> al costo<span class=\"_ _0\"></span> ammorti<span class=\"_ _0\"></span>zzato </span>\u2013 </span>Vo<span class=\"_ _0\"></span>ce 40<span class=\"ls1 ws1\"> </span>4<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>ziar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al co<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rtiz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> m<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>lo<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> </span><table class=\"s w5ee h457\" id=\"_47c6fac6-5c9f-41ef-82db-20a95d864ee7\"><tr><td></td><td></td><td></td><td class=\"c x672 y35cc w140 h17d\"><div class=\"t m25 x76 h17b y1a71 ff2 fs32 fc0 sc0 ls195 ws3e9\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x673 y35cc w141 h17d\"><div class=\"t m25 x76 h17b y1a71 ff2 fs32 fc0 sc0 ls195 ws3e9\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.2024<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x672 y35cd w142 h17e\"><div class=\"t m25 xb2 h17b y1a73 ff2 fs32 fc0 sc0 ls191 ws3e2\">Valore di bilancio<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x674 y35cd w143 h17e\"><div class=\"t m25 x4b h17b y1a74 ff2 fs32 fc0 sc0 ls199 ws3ea\">Fair Value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x673 y35cd w144 h17e\"><div class=\"t m25 x4b h17b y1a73 ff2 fs32 fc0 sc0 ls191 ws3e2\">Valore di bilancio<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x675 y35cd w145 h17e\"><div class=\"t m25 xb2 h17b y1a74 ff2 fs32 fc0 sc0 ls199 ws3ea\">Fair Value<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 x58 h17b y1a59 ff1 fs32 fc0 sc0 ls194 ws3e0\">di cui: </div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x677 y35ce w13f h17c\"><div class=\"t m25 x5a h17b y1a5e ff1 fs32 fc0 sc0 ls194 ws3e0\">di cui: </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y35cf w13b h17a\"><div class=\"t m25 x3c h17b y1a54 ff2 fs32 fc0 sc0 ls191 ws3dd\">Dett<span class=\"_ _0\"></span>aglio/Valori<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 xf7 h17b y1a5a ff1 fs32 fc0 sc0 ls193 ws3e1\">impai<span class=\"_ _0\"></span>red </div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x677 y35ce w13f h17c\" colspan=\"2\"><div class=\"t m25 x60 h17b y1a5f ff1 fs32 fc0 sc0 ls193 ws3e1\">impai<span class=\"_ _0\"></span>red </div></td><td></td><td></td></tr><tr><td></td><td class=\"c x672 y35ce w13c h17c\"><div class=\"t m25 x3c h17b y1a56 ff1 fs32 fc0 sc0 ls192 ws3de\">Primo<span class=\"_ _0\"></span> e </div></td><td></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 xba h17b y1a5b ff1 fs32 fc0 sc0 ls194 ws3e0\">acquisite o </div></td><td></td><td></td><td></td><td class=\"c x673 y35ce w13e h17c\"><div class=\"t m25 x3c h17b y1a56 ff1 fs32 fc0 sc0 ls192 ws3de\">Primo<span class=\"_ _0\"></span> e </div></td><td></td><td class=\"c x677 y35ce w13f h17c\" colspan=\"2\"><div class=\"t m25 xba h17b y1a60 ff1 fs32 fc0 sc0 ls194 ws3e0\">acquisite o </div></td><td></td><td></td></tr><tr><td></td><td class=\"c x672 y35ce w13c h17c\"><div class=\"t m25 x3c h17b y1a57 ff1 fs32 fc0 sc0 ls193 ws3df\">sec<span class=\"_ _0\"></span>ondo s<span class=\"_ _0\"></span>tadio</div></td><td class=\"c x2cd y35ce w13b h17c\"><div class=\"t m25 x11b h17b y1a58 ff1 fs32 fc0 sc0 ls194 ws3e0\">Terzo stadio</div></td><td class=\"c x676 y35ce w13d h17c\"><div class=\"t m25 xf7 h17b y1a5c ff1 fs32 fc0 sc0 ls194 ws3df\">originate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x678 y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x679 y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67a y35d1 w5f0 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x673 y35ce w13e h17c\"><div class=\"t m25 x3c h17b y1a57 ff1 fs32 fc0 sc0 ls193 ws3df\">sec<span class=\"_ _0\"></span>ondo s<span class=\"_ _0\"></span>tadio</div></td><td class=\"c x2cd y35ce w13b h17c\"><div class=\"t m25 x3a h17b y1a58 ff1 fs32 fc0 sc0 ls194 ws3e0\">Terzo stadio</div></td><td class=\"c x677 y35ce w13f h17c\"><div class=\"t m25 x60 h17b y1a61 ff1 fs32 fc0 sc0 ls194 ws3df\">originate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67b y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67c y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67d y35d1 w5ef h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">Livello 3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d2 w5f1 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls191 ws3e2\">1. Cred<span class=\"_ _0\"></span>iti pe<span class=\"_ _0\"></span>r servizio di gest<span class=\"_ _0\"></span>ioni di patrim<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67e y35d2 w5f2 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">161.330<span class=\"_ _4ac\"> </span></div></td><td class=\"c x67f y35d2 w5f3 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.435<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x680 y35d2 w5f4 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">157.550<span class=\"_ _4ac\"> </span></div></td><td class=\"c x682 y35d2 w5f5 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">9.<span class=\"_ _4ac\"> </span></div><div class=\"t m25 x681 h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">215<span class=\"_ _4ac\"> </span></div></td><td class=\"c x683 y35d2 w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">132.<span class=\"_ _0\"></span>173<span class=\"_ _4ac\"> </span></div></td><td class=\"c x684 y35d2 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">3.369<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x685 y35d2 w5f2 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">130.427<span class=\"_ _4ac\"> </span></div></td><td class=\"c x686 y35d2 w5f8 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.<span class=\"_ _0\"></span>115<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d3 w5f9 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">1.1 ge<span class=\"_ _1\"></span>stione di OI<span class=\"_ _0\"></span>CR<span class=\"_ _4ac\"> </span></div></td><td class=\"c x687 y35d3 w5fa h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">100.467<span class=\"_ _4ac\"> </span></div></td><td class=\"c x688 y35d3 w5fb h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">5.435<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x689 y35d3 w5fc h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">96.687<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68a y35d3 w5fd h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">9.215<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68b y35d3 w5fe h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">101.894<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68c y35d3 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">3.369<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x68d y35d3 w600 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">100.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68e y35d3 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">5.115<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d4 w601 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">1.2 ge<span class=\"_ _1\"></span>stione individuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x68f y35d4 w602 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">31.455<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x690 y35d4 w603 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">31.455<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x691 y35d4 w602 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">22.998<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x692 y35d4 w5fc h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">22.998<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35d5 w604 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">1.3 ge<span class=\"_ _1\"></span>stione di fondi pensione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x693 y35d5 w605 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">29.<span class=\"_ _0\"></span>408<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x694 y35d5 w5fc h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">29.408<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x695 y35d5 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.281<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x696 y35d5 w5ff h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.281<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35d6 w606 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls191 ws3e2\">2. Cred<span class=\"_ _0\"></span>iti pe<span class=\"_ _0\"></span>r altri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x697 y35d6 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">1.279<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x698 y35d6 w607 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">588<span class=\"_ _4ac\"> </span></div></td><td class=\"c x699 y35d6 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">690<span class=\"_ _4ac\"> </span></div></td><td class=\"c x69a y35d6 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">1.147<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x69b y35d6 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">492<span class=\"_ _4ac\"> </span></div></td><td class=\"c x69c y35d6 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">655<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d7 w609 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls197 ws3e6\">2.1 cons<span class=\"_ _0\"></span>ulenze<span class=\"_ _4ac\"> </span></div></td><td class=\"c x69d y35d7 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">588<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x69e y35d7 w607 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">588<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x69f y35d7 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">492<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6a0 y35d7 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">492<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35d8 w60a h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e7\">2.3 alt<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6a1 y35d8 w607 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">690<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x6a2 y35d8 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">690<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6a3 y35d8 w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">655<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x6a4 y35d8 w60b h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">655<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35d9 w60c h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls191 ws3e2\">3. Altri cred<span class=\"_ _0\"></span>iti:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6a5 y35d9 w5f8 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">7.<span class=\"_ _0\"></span>663<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6a6 y35d9 w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">7.663<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6a7 y35d9 w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">123.<span class=\"_ _0\"></span>171<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6a8 y35d9 w5f2 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">123.171<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x2cd y35cf w13b h17a\"><div class=\"t m25 x3c h17b y1a6b ff1 fs32 fc0 sc0 ls194 ws3e0\">3.1 p<span class=\"_ _1\"></span>ronti contro termine<span class=\"_ _4ac\"> </span></div></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 x212 y35da w60d h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls194 ws3e0\">3.2 d<span class=\"_ _1\"></span>epositi a sc<span class=\"_ _0\"></span>adenza e conti correnti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x6a9 y35da w5fa h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">122.613<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6aa y35da w5fe h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">122.613<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35db w60a h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e7\">3.3 alt<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ab y35db w5fb h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.663<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6ac y35db w5fb h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">7.663<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ad y35db w60b h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">558<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c x6ae y35db w608 h458\"><div class=\"t m25 x1fa h17b y35d0 ff1 fs32 fc0 sc0 ls196 ws3e5\">558<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x2cd y35cf w13b h17a\"><div class=\"t m25 x3c h17b y1a6e ff2 fs32 fc0 sc0 ls191 ws3e2\">4. Titoli d<span class=\"_ _0\"></span>i deb<span class=\"_ _0\"></span>ito<span class=\"_ _4ac\"> </span></div></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 x212 y345e w60e h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls198 ws3e8\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6af y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">170.<span class=\"_ _0\"></span>272<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b0 y345e w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.435<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x6b1 y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">165.<span class=\"_ _0\"></span>802<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b2 y345e w5f8 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">9.<span class=\"_ _0\"></span>906<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b3 y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">256.<span class=\"_ _0\"></span>491<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b4 y345e w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">3.369<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x6b5 y345e w5f6 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">254.<span class=\"_ _0\"></span>090<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b6 y345e w5f7 h458\"><div class=\"t m25 x1fa h17b y35d0 ff2 fs32 fc0 sc0 ls195 ws3e3\">5.770<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella tabella sopra<span class=\"_ _0\"></span> rappresentata nella voce \u201c1. Crediti per servizio di gestione di patrimoni\u201d sono classif<span class=\"_ _0\"></span>icati (i) i crediti pe<span class=\"_ _0\"></span>r le commissioni di gest<span class=\"_ _0\"></span>ione e di performance che<span class=\"_ _0\"></span> il Gruppo vanta principalmente nei confronti de<span class=\"_ _0\"></span>i fondi da <span class=\"_ _1\"></span>esso istitu<span class=\"_ _0\"></span>iti, (ii) i crediti per le <span class=\"_ _1\"></span><span class=\"ls31 ws84\">comm<span class=\"_ _0\"></span>ission<span class=\"_ _0\"></span>i derivant<span class=\"_ _0\"></span>i </span>dalle deleghe di gestion<span class=\"_ _0\"></span>e e (iii) i crediti per le commissioni derivanti dall\u2019att<span class=\"_ _0\"></span>ivit\u00e0 di gestione di patrimoni a fa<span class=\"_ _0\"></span>vore di clientela istituzionale,<span class=\"_ _0\"></span> retail, private e fondi pens<span class=\"_ _0\"></span>ione.<span class=\"ls1 ws1\"> </span>La variazione<span class=\"_ _0\"></span> della voce, rispetto all\u2019esercizio precedent<span class=\"_ _0\"></span>e \u00e8 principalmente attribuibile a<span class=\"_ _0\"></span> (i) maggiori credit<span class=\"_ _0\"></span>i derivanti dalle ritenute fiscali ed im<span class=\"_ _0\"></span>poste sostitutive calcolate sui prodotti gestiti per<span class=\"_ _0\"></span> i quali le SGR del Gruppo agiscono qu<span class=\"_ _0\"></span>ali sostituto<span class=\"_ _0\"></span> d<span class=\"ls30 ws8f\">i imp<span class=\"_ _1c\"></span>osta per <span class=\"_ _1\"></span>circa<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>29,8<span class=\"_ _1\"></span> </span>milioni, (ii) maggiori cr<span class=\"_ _0\"></span>editi riferiti a commissioni e anticipi correla<span class=\"_ _0\"></span>ti ai prodotti gestiti dal <span class=\"ls71 ws7e\">Gr<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>ppo<span class=\"_ _4ac\"> </span></span><span class=\"ls71 ws7e\"><span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span>per circa<span class=\"_ _0\"></span> Euro 9,3 milioni, al netto di (iii) m<span class=\"_ _0\"></span>inori crediti riferiti a co<span class=\"_ _0\"></span>mmissioni di performance per circa <span class=\"_ _0\"></span>Euro 7,9 m<span class=\"_ _0\"></span>ilioni.<span class=\"ls1 ws1\"> </span>Nella voce \"2. Crediti per altri servizi\"<span class=\"_ _0\"></span> sono rappresentati principalmente i credit<span class=\"_ _0\"></span>i derivanti dalle attiv<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>i <span class=\"ff5 ls38 ws110\">\u201c<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ting\u201d<span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls1c ws27\">e <span class=\"_ _86\"></span></span></span><span class=\"ls11 wse5\">\u201cs<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>cu<span class=\"_ _13\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span> le<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>\u201d<span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span></span><span class=\"ff1\">effettu<span class=\"_ _0\"></span>ate dalla controllata Anima Alternative<span class=\"_ _1\"></span> </span></span></span>SGR per c<span class=\"_ _0\"></span>irca Euro 0,6 milioni e<span class=\"_ _0\"></span> dall\u2019attivit<span class=\"_ _0\"></span>\u00e0 di \u201cAdvisory\u201d e<span class=\"_ _0\"></span>ffettuata dalle c<span class=\"_ _0\"></span>ontrollate Anima S<span class=\"_ _0\"></span>GR e Kairo<span class=\"_ _0\"></span>s SGR<span class=\"_ _0\"></span> per circa Eu<span class=\"_ _0\"></span>ro 0,6 mil<span class=\"_ _0\"></span>ioni.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>Nella voce \u201c3.<span class=\"_ _0\"></span> Altri crediti\u201d sono classificat<span class=\"_ _0\"></span>i nella sottovoce \u201c3.3 altri\u201d (i) i c<span class=\"_ _0\"></span>rediti finanziari is<span class=\"_ _0\"></span>critti in re<span class=\"_ _1\"></span>lazi<span class=\"_ _1c\"></span>one a <span class=\"_ _1\"></span>contra<span class=\"_ _1c\"></span>tti di s<span class=\"_ _1c\"></span>ubloca<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> di atti<span class=\"_ _1c\"></span>vit\u00e0 cos<span class=\"_ _1c\"></span>titui<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span> diri<span class=\"_ _1\"></span>tti d<span class=\"_ _1\"></span>\u2019uso<span class=\"_ _1\"></span> acq<span class=\"_ _1\"></span>uisi<span class=\"_ _1\"></span>ti tra<span class=\"_ _1c\"></span>mite<span class=\"_ _1\"></span> contratt<span class=\"_ _0\"></span>i di locazione rientra<span class=\"_ _0\"></span>nti nel campo di applicaz<span class=\"_ _0\"></span>ione del prin<span class=\"_ _0\"></span>cipio contabile IF<span class=\"_ _0\"></span>RS 16 per circa Euro<span class=\"_ _0\"></span> 0,3 milioni (circa Euro 0,6 milioni al 31 dicem<span class=\"_ _0\"></span>bre 2024) e (ii) altri crediti, princi<span class=\"_ _1\"></span>palm<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span> brev<span class=\"_ _1\"></span>e termi<span class=\"_ _1c\"></span>ne, per cir<span class=\"_ _1\"></span>ca Eu<span class=\"_ _1\"></span>ro 7,4 <span class=\"_ _1\"></span>milio<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span>i (s<span class=\"_ _1\"></span>ottov<span class=\"_ _1\"></span>oce non v<span class=\"_ _1\"></span>alori<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ta al 3<span class=\"_ _1\"></span>1 dicemb<span class=\"_ _1c\"></span>re 2024). Al 31 di<span class=\"_ _0\"></span>cembre<span class=\"_ _0\"></span> 2024 nell<span class=\"_ _0\"></span>a sott<span class=\"_ _0\"></span>ovoce \u201c3.<span class=\"_ _0\"></span>2 depo<span class=\"_ _0\"></span>siti a sc<span class=\"_ _0\"></span>adenz<span class=\"_ _0\"></span>a e conti co<span class=\"_ _0\"></span>rrent<span class=\"_ _0\"></span>i\u201d er<span class=\"_ _0\"></span>ano rapp<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span> i <span class=\"ff5 ls11 wsbc\">tim<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws86\">apert<span class=\"_ _0\"></span>i con primari istitut<span class=\"_ _0\"></span>i di credito, per un importo pari a c<span class=\"_ _0\"></span>irca </span></span>Euro <span class=\"_ _0\"></span>122,<span class=\"_ _0\"></span>6 milio<span class=\"_ _0\"></span>ni<span class=\"ff3 ls1 ws1\"> </span><span class=\"lsf ws104\">ch<span class=\"_ _1c\"></span>e sono<span class=\"_ _1\"></span> giu<span class=\"_ _1\"></span>nti a<span class=\"_ _1c\"></span> scadenz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>nel c<span class=\"_ _1\"></span>ors<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>l\u2019es<span class=\"_ _1\"></span>erciz<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>e non<span class=\"_ _1\"></span> son<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>ti ri<span class=\"_ _1c\"></span>nnova<span class=\"_ _1\"></span>ti.<span class=\"_ _4ac\"> </span></span>4<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>ziar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al co<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rtiz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> pe<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>b<span class=\"_ _13\"></span>ito<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i/<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\"> </span><table class=\"s w61a h45b\" id=\"_589f0475-1864-4611-9418-ae29a621da37\"><tr><td class=\"c x212 y35e3 w61b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19a ws3ec\">Com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>e/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>te<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c2 y35e4 w147 h182\"><div class=\"t m26 x84 h181 y1a95 ff2 fs33 fc0 sc0 ls1a1 ws3f6\">Banche<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c3 y35e3 w61c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di cu<span class=\"_ _1\"></span>i: del<span class=\"_ _1\"></span> Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c4 y35e4 w148 h182\"><div class=\"t m26 x3c h181 y1a95 ff2 fs33 fc0 sc0 ls19c ws3ee\">Societ\u00e0 finanz<span class=\"_ _0\"></span>iarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c5 y35e3 w61d h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di c<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>: del G<span class=\"_ _1c\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c6 y35e4 w149 h182\"><div class=\"t m26 x84 h181 y1a95 ff2 fs33 fc0 sc0 ls19c ws3f7\">Client<span class=\"_ _0\"></span>ela<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c7 y35e3 w61c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19b ws3ed\">di cu<span class=\"_ _1\"></span>i: del<span class=\"_ _1\"></span> Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y357b w61e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">1.<span class=\"_ _1ab\"> </span>Cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>i per s<span class=\"_ _0\"></span>ervizi di ges<span class=\"_ _0\"></span>tione di p<span class=\"_ _0\"></span>atrim<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c8 y357b w61f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">402<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c9 y357b w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ca y357b w621 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">29.544<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cb y357b w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cc y357b w623 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">136.<span class=\"_ _0\"></span>820<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cd y357b w624 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">3.<span class=\"_ _0\"></span>610<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e5 w625 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.1<span class=\"_ _1\"></span> gestione di OI<span class=\"_ _0\"></span>CR<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ce y35e5 w626 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6cf y35e5 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">29.544<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d0 y35e5 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d1 y35e5 w628 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">76.358<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d2 y35e5 w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e6 w629 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.2<span class=\"_ _1\"></span> gestione individuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d3 y35e6 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">402<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d4 y35e6 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d5 y35e6 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d6 y35e6 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">31.053<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6d7 y35e6 w62b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">3.610<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e7 w62c h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19e ws3f1\">1.3<span class=\"_ _1\"></span> gestione di fondi pensione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d8 y35e7 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6d9 y35e7 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6da y35e7 w627 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">29.408<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y35e8 w62d h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">2.<span class=\"_ _1ab\"> </span>Cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>i per alt<span class=\"_ _0\"></span>ri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6db y35e8 w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">80<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6dc y35e8 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6dd y35e8 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">501<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6de y35e8 w622 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6df y35e8 w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">698<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e0 y35e8 w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">451<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35e9 w630 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1a0 ws3f3\">2.1 cons<span class=\"_ _0\"></span>ulenze<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e1 y35e9 w631 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e2 y35e9 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e3 y35e9 w61f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">501<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e4 y35e9 w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e5 y35e9 w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">81<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e0 y35e9 w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">451<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ea w632 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f4\">2.3 al<span class=\"_ _0\"></span>tri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e6 y35ea w62e h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">73<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e7 y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6e8 y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e9 y35ea w62f h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">617<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ea y35ea w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35eb w633 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">3. Altr<span class=\"_ _0\"></span>i credit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6eb y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ec y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ed y35eb w634 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">7.<span class=\"_ _0\"></span>663<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ee y35eb w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ec w632 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f4\">3.3 al<span class=\"_ _0\"></span>tri<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6ef y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6f0 y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f1 y35ec w635 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls19f ws3f2\">7.663<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f2 y35ec w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff1 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ed w636 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19c ws3ee\">4. Tit<span class=\"_ _0\"></span>oli di de<span class=\"_ _0\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6f3 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x6e4 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f4 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f5 y35ed w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ee w637 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3f5\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f6 y35ee w62a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">482<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f7 y35ee w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f8 y35ee w621 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">30.045<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6f9 y35ee w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fa y35ee w638 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">145.<span class=\"_ _0\"></span>181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fb y35ee w639 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">4.060<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w637 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3f5\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fc y345e w63a h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">123.090<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fd y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6fe y345e w63b h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">25.322<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6e8 y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6ff y345e w623 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls19d ws3ef\">111.<span class=\"_ _0\"></span>448<span class=\"_ _4ac\"> </span></div></td><td class=\"c x700 y345e w620 h45c\"><div class=\"t m26 x1fa h181 y35e2 ff2 fs33 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-672": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs552\">Sezione 7 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>artecipaz<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>i </span>- </span>Voce 70<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs553\">7<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>ip<span class=\"_ _13\"></span>azio<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i:<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>azio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i r<span class=\"_ _0\"></span>app<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i <span class=\"ws5\">p<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>i<span class=\"ls1 ws1\"> </span></span></div><div class=\"c w14b h185 gs554\"><div class=\"t m27 x13f h184 y1a9e ff2 fs34 fc0 sc0 ls1a4 ws3fa\">Quot<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>i </div></div><div class=\"c w14c h185 gs555\"><div class=\"t m27 x7e h184 y1a9e ff2 fs34 fc0 sc0 ls1a6 ws3fc\">Disp<span class=\"_ _0\"></span>onibilit\u00e0 di </div></div><div class=\"gs556\"><table class=\"s w60f h459\" id=\"_899aeaab-f680-4a6e-aedc-8bdecc3f37e9\"><tr><td class=\"c x2cd y35dc w14a h183\"><div class=\"t m27 x67 h184 y1a9b ff2 fs34 fc0 sc0 ls1a2 ws3f8\">Denim<span class=\"_ _0\"></span>inazioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x367 y35dd w610 h44c\"><div class=\"t m27 x1fa h184 y3493 ff2 fs34 fc0 sc0 ls1a3 ws3f9\">Sede lega<span class=\"_ _1\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b7 y35dd w611 h44c\"><div class=\"t m27 x1fa h184 y3493 ff2 fs34 fc0 sc0 ls1a3 ws3f9\">Sede operativ<span class=\"_ _1\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b8 y35de w14b h185\"><div class=\"t m27 x60 h186 y1a9f ffd fs34 fc0 sc0 ls1a5 ws3fb\">parte<span class=\"_ _0\"></span>cipazione  %<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b9 y35de w14c h185\"><div class=\"t m27 x13f h186 y1a9f ffd fs34 fc0 sc0 ls1a4 ws3fd\">voti<span class=\"_ _0\"></span> % </div></td><td class=\"c x6ba y35dd w612 h44c\"><div class=\"t m27 x1fa h184 y3493 ff2 fs34 fc0 sc0 ls1a6 ws3fc\">Valore di b<span class=\"_ _0\"></span>ilancio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6bb y35dd w613 h44c\"><div class=\"t m27 x1fa h184 y3493 ff2 fs34 fc0 sc0 ls1a5 ws3fe\">Fair Value (<span class=\"_ _0\"></span>*)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y35dc w14a h183\"><div class=\"t m27 x3c h184 y1aa1 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">A. Im<span class=\"_ _0\"></span>prese controllate in via esclusiv<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y35dc w14a h183\"><div class=\"t m27 x3c h184 y1aa2 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">B. Imprese c<span class=\"_ _0\"></span>ontrollate in modo congiunto<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y35dc w14a h183\"><div class=\"t m27 x3c h184 y1aa3 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">C. Im<span class=\"_ _0\"></span>prese sottoposte a influenza notevole<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y35dc w14a h183\"><div class=\"t m27 x3c h184 y1aa4 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">GEM Hos<span class=\"_ _0\"></span>pitality S.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x316 y35df w614 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">Italia- Via Pucc<span class=\"_ _0\"></span>ini, 3 (MI)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6bc y35df w615 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">I<span class=\"_ _0\"></span>talia- Via Puccini, 3 (MI)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6bd y35df w616 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a8 ws400\">80%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6be y35df w616 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a8 ws400\">80%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6bf y35df w617 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a8 ws400\">21<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c0 y35df w617 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a8 ws400\">21<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x480 y345e w618 h44c\"><div class=\"t m27 x1fa h184 y3493 ff2 fs34 fc0 sc0 ls1a4 ws3fd\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x6c1 y35e1 w619 h45a\"><div class=\"t m27 x1fa h184 y35e0 ff2 fs34 fc0 sc0 ls1a9 ws401\">21<span class=\"_ _177\"></span><span class=\"ls1 ws1\"> <span class=\"_ _e5\"> </span><span class=\"ls1a9 ws401\">21<span class=\"_ _263\"></span><span class=\"ls1 ws1\"> </span></span></span></div></td><td></td></tr></table></div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16d ws3a5 gs557\">(*) Viene esposto il va<span class=\"_ _1\"></span>lore contabile n<span class=\"_ _1\"></span>on trattandosi di enti<span class=\"_ _1\"></span>t\u00e0 quotate.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs558\">Si ri<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs559\">corda che in data 21 febbraio 2024, la controllat<span class=\"_ _0\"></span>a indiretta Vita Srl e il FIA Immobiliare GEM </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsa0 gs55a\">FUND (<span class=\"_ _1\"></span>ges<span class=\"_ _1\"></span>tito d<span class=\"_ _1\"></span>a Cast<span class=\"_ _1c\"></span>ello SGR)<span class=\"_ _1\"></span> ha<span class=\"_ _1\"></span>nno c<span class=\"_ _1\"></span>ostit<span class=\"_ _1\"></span>uito l<span class=\"_ _1\"></span>a soci<span class=\"_ _1c\"></span>et\u00e0 GEM H<span class=\"_ _1\"></span>ospi<span class=\"_ _1\"></span>tality<span class=\"_ _1\"></span> S.r<span class=\"_ _1\"></span>.l.. Ta<span class=\"_ _1\"></span>le soc<span class=\"_ _1\"></span>iet\u00e0<span class=\"_ _1\"></span>, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs55b\">accessoria<span class=\"_ _0\"></span> allo svolgimento dell\u2019<span class=\"_ _0\"></span>attivit\u00e0 del fondo ste<span class=\"_ _0\"></span>sso,<span class=\"ls1 ws1\"> </span>non rientra nel perimetro de<span class=\"_ _0\"></span>l bilancio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs55c\">consolidato in<span class=\"_ _0\"></span> base a quanto previsto dal principio contabile<span class=\"_ _0\"></span> internazionale IFRS 10. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws12d gs55d\">Tale<span class=\"_ _1\"></span> socie<span class=\"_ _1c\"></span>t\u00e0 \u00e8 consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>ta col<span class=\"_ _1\"></span>lega<span class=\"_ _1c\"></span>ta in qua<span class=\"_ _1\"></span>nto s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>osta a<span class=\"_ _1\"></span>d inf<span class=\"_ _1\"></span>luenza<span class=\"_ _1\"></span> not<span class=\"_ _1\"></span>evol<span class=\"_ _1\"></span>e e qui<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs55e\">consolidata con la<span class=\"_ _0\"></span> metodologia del patrimon<span class=\"_ _0\"></span>io netto, secondo le prescrizioni de<span class=\"_ _0\"></span>llo IAS 28. <span class=\"ls1 ws1\"> </span></div>7<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>ariazio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>art<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>cip<span class=\"_ _13\"></span>azio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i<span class=\"ff1 ls1 ws1\"> </span>Part<span class=\"_ _0\"></span>ecip<span class=\"_ _0\"></span>azioni d<span class=\"_ _0\"></span>i Part<span class=\"_ _0\"></span>ecip<span class=\"_ _0\"></span>azioni non<span class=\"_ _4ac\"> </span>T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span>g<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo<span class=\"_ _4ac\"> </span>di g<span class=\"_ _1c\"></span>ruppo<span class=\"_ _4ac\"> </span>A.<span class=\"_ _0\"></span> Esist<span class=\"_ _0\"></span>enze<span class=\"_ _0\"></span> iniziali<span class=\"_ _1f4\"> </span><span class=\"ls1 ws1\">8<span class=\"_ _26c\"></span><span class=\"ws406\">                                  <span class=\"ws1\"> <span class=\"_ _5a\"> </span>8<span class=\"_ _26d\"></span><span class=\"ws406\">                                     <span class=\"ws1\"> </span></span></span></span></span>B. Aum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i<span class=\"_ _13b\"> </span><span class=\"ls1ae ws408\">13<span class=\"_ _26c\"></span><span class=\"ls1 ws406\">                                <span class=\"ws1\"> <span class=\"_ _26e\"> </span><span class=\"ls1ae ws408\">13<span class=\"_ _26f\"></span><span class=\"ls1 ws406\">                                   <span class=\"ws1\"> </span></span></span></span></span></span>B.4 Altre variaz<span class=\"_ _1c\"></span>ioni<span class=\"_ _12b\"> </span><span class=\"ls1b0 ws40a\">13<span class=\"_ _26c\"></span><span class=\"ls1 ws406\">                                <span class=\"ws1\"> <span class=\"_ _26e\"> </span><span class=\"ls1b0 ws40a\">13<span class=\"_ _26f\"></span><span class=\"ls1 ws406\">                                   <span class=\"ws1\"> </span></span></span></span></span></span>C.<span class=\"_ _0\"></span> Dim<span class=\"_ _0\"></span>inuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span>D.<span class=\"_ _0\"></span> Rima<span class=\"_ _0\"></span>nenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali<span class=\"_ _3d\"> </span><span class=\"ls1ae ws408\">21<span class=\"_ _270\"></span><span class=\"ls1 ws406\">                                <span class=\"ws1\"> <span class=\"_ _26e\"> </span><span class=\"ls1ae ws408\">21</span></span></span></span><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 wsf2 gs560\">7<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>alut<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i s<span class=\"_ _13\"></span>ign<span class=\"_ _13\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilir<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> l\u2019e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>te<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>a di c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>ro<span class=\"_ _13\"></span>llo<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>iu<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>to<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span> </div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs561\">in<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>lu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>a n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs562\">GEM H<span class=\"_ _1\"></span>ospi<span class=\"_ _1\"></span>tali<span class=\"_ _1\"></span>ty S.r<span class=\"_ _1\"></span>.l.,<span class=\"_ _1\"></span> pur ess<span class=\"_ _1\"></span>endo d<span class=\"_ _1\"></span>ete<span class=\"_ _1\"></span>nuta al<span class=\"_ _1\"></span>l\u20198<span class=\"_ _1\"></span>0% da V<span class=\"_ _1\"></span>ita Srl<span class=\"_ _1\"></span>, \u00e8 co<span class=\"_ _1\"></span>nsid<span class=\"_ _1c\"></span>erata so<span class=\"_ _1\"></span>ciet\u00e0<span class=\"_ _1\"></span> colleg<span class=\"_ _1\"></span>ata<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs563\">in quanto i cont<span class=\"_ _0\"></span>ratti in essere,<span class=\"_ _0\"></span> nella sostanza e su<span class=\"_ _0\"></span>lla base di quanto pre<span class=\"_ _0\"></span>visto dall\u2019IFRS10, non </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs564\">consentono al Gruppo<span class=\"_ _0\"></span> di partecipare alle decision<span class=\"_ _0\"></span>i gestionali<span class=\"ls1 ws1\"> </span>e finanziarie<span class=\"_ _0\"></span> della societ\u00e0. <span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-26": {
   "value": "Sezione 7 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>artecipaz<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>i </span>- </span>Voce 70<span class=\"ls1 ws1\"> </span>7<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>ip<span class=\"_ _13\"></span>azio<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i:<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>azio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i r<span class=\"_ _0\"></span>app<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i <span class=\"ws5\">p<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>i<span class=\"ls1 ws1\"> </span></span>Quot<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>i Disp<span class=\"_ _0\"></span>onibilit\u00e0 di <table class=\"s w60f h459\" id=\"_899aeaab-f680-4a6e-aedc-8bdecc3f37e9\"><tr><td class=\"c x2cd y35dc w14a h183\"><div class=\"t m27 x67 h184 y1a9b ff2 fs34 fc0 sc0 ls1a2 ws3f8\">Denim<span class=\"_ _0\"></span>inazioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x367 y35dd w610 h44c\"><div class=\"t m27 x1fa h184 y3493 ff2 fs34 fc0 sc0 ls1a3 ws3f9\">Sede lega<span class=\"_ _1\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b7 y35dd w611 h44c\"><div class=\"t m27 x1fa h184 y3493 ff2 fs34 fc0 sc0 ls1a3 ws3f9\">Sede operativ<span class=\"_ _1\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b8 y35de w14b h185\"><div class=\"t m27 x60 h186 y1a9f ffd fs34 fc0 sc0 ls1a5 ws3fb\">parte<span class=\"_ _0\"></span>cipazione  %<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6b9 y35de w14c h185\"><div class=\"t m27 x13f h186 y1a9f ffd fs34 fc0 sc0 ls1a4 ws3fd\">voti<span class=\"_ _0\"></span> % </div></td><td class=\"c x6ba y35dd w612 h44c\"><div class=\"t m27 x1fa h184 y3493 ff2 fs34 fc0 sc0 ls1a6 ws3fc\">Valore di b<span class=\"_ _0\"></span>ilancio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6bb y35dd w613 h44c\"><div class=\"t m27 x1fa h184 y3493 ff2 fs34 fc0 sc0 ls1a5 ws3fe\">Fair Value (<span class=\"_ _0\"></span>*)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y35dc w14a h183\"><div class=\"t m27 x3c h184 y1aa1 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">A. Im<span class=\"_ _0\"></span>prese controllate in via esclusiv<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y35dc w14a h183\"><div class=\"t m27 x3c h184 y1aa2 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">B. Imprese c<span class=\"_ _0\"></span>ontrollate in modo congiunto<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y35dc w14a h183\"><div class=\"t m27 x3c h184 y1aa3 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">C. Im<span class=\"_ _0\"></span>prese sottoposte a influenza notevole<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x2cd y35dc w14a h183\"><div class=\"t m27 x3c h184 y1aa4 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">GEM Hos<span class=\"_ _0\"></span>pitality S.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x316 y35df w614 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">Italia- Via Pucc<span class=\"_ _0\"></span>ini, 3 (MI)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6bc y35df w615 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a7 ws3ff\">I<span class=\"_ _0\"></span>talia- Via Puccini, 3 (MI)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6bd y35df w616 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a8 ws400\">80%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6be y35df w616 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a8 ws400\">80%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6bf y35df w617 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a8 ws400\">21<span class=\"_ _4ac\"> </span></div></td><td class=\"c x6c0 y35df w617 h44c\"><div class=\"t m27 x1fa h184 y3493 ff1 fs34 fc0 sc0 ls1a8 ws400\">21<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x480 y345e w618 h44c\"><div class=\"t m27 x1fa h184 y3493 ff2 fs34 fc0 sc0 ls1a4 ws3fd\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x6c1 y35e1 w619 h45a\"><div class=\"t m27 x1fa h184 y35e0 ff2 fs34 fc0 sc0 ls1a9 ws401\">21<span class=\"_ _177\"></span><span class=\"ls1 ws1\"> <span class=\"_ _e5\"> </span><span class=\"ls1a9 ws401\">21<span class=\"_ _263\"></span><span class=\"ls1 ws1\"> </span></span></span></div></td><td></td></tr></table>(*) Viene esposto il va<span class=\"_ _1\"></span>lore contabile n<span class=\"_ _1\"></span>on trattandosi di enti<span class=\"_ _1\"></span>t\u00e0 quotate.<span class=\"ls1 ws1\"> </span>Si ri<span class=\"_ _4ac\"> </span>corda che in data 21 febbraio 2024, la controllat<span class=\"_ _0\"></span>a indiretta Vita Srl e il FIA Immobiliare GEM FUND (<span class=\"_ _1\"></span>ges<span class=\"_ _1\"></span>tito d<span class=\"_ _1\"></span>a Cast<span class=\"_ _1c\"></span>ello SGR)<span class=\"_ _1\"></span> ha<span class=\"_ _1\"></span>nno c<span class=\"_ _1\"></span>ostit<span class=\"_ _1\"></span>uito l<span class=\"_ _1\"></span>a soci<span class=\"_ _1c\"></span>et\u00e0 GEM H<span class=\"_ _1\"></span>ospi<span class=\"_ _1\"></span>tality<span class=\"_ _1\"></span> S.r<span class=\"_ _1\"></span>.l.. Ta<span class=\"_ _1\"></span>le soc<span class=\"_ _1\"></span>iet\u00e0<span class=\"_ _1\"></span>, accessoria<span class=\"_ _0\"></span> allo svolgimento dell\u2019<span class=\"_ _0\"></span>attivit\u00e0 del fondo ste<span class=\"_ _0\"></span>sso,<span class=\"ls1 ws1\"> </span>non rientra nel perimetro de<span class=\"_ _0\"></span>l bilancio consolidato in<span class=\"_ _0\"></span> base a quanto previsto dal principio contabile<span class=\"_ _0\"></span> internazionale IFRS 10. <span class=\"ls1 ws1\"> </span>Tale<span class=\"_ _1\"></span> socie<span class=\"_ _1c\"></span>t\u00e0 \u00e8 consi<span class=\"_ _1\"></span>dera<span class=\"_ _1\"></span>ta col<span class=\"_ _1\"></span>lega<span class=\"_ _1c\"></span>ta in qua<span class=\"_ _1\"></span>nto s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>osta a<span class=\"_ _1\"></span>d inf<span class=\"_ _1\"></span>luenza<span class=\"_ _1\"></span> not<span class=\"_ _1\"></span>evol<span class=\"_ _1\"></span>e e qui<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span> consolidata con la<span class=\"_ _0\"></span> metodologia del patrimon<span class=\"_ _0\"></span>io netto, secondo le prescrizioni de<span class=\"_ _0\"></span>llo IAS 28. <span class=\"ls1 ws1\"> </span>7<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>ariazio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>art<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>cip<span class=\"_ _13\"></span>azio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i<span class=\"ff1 ls1 ws1\"> </span>Part<span class=\"_ _0\"></span>ecip<span class=\"_ _0\"></span>azioni d<span class=\"_ _0\"></span>i Part<span class=\"_ _0\"></span>ecip<span class=\"_ _0\"></span>azioni non<span class=\"_ _4ac\"> </span>T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span>g<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo<span class=\"_ _4ac\"> </span>di g<span class=\"_ _1c\"></span>ruppo<span class=\"_ _4ac\"> </span>A.<span class=\"_ _0\"></span> Esist<span class=\"_ _0\"></span>enze<span class=\"_ _0\"></span> iniziali<span class=\"_ _1f4\"> </span><span class=\"ls1 ws1\">8<span class=\"_ _26c\"></span><span class=\"ws406\">                                  <span class=\"ws1\"> <span class=\"_ _5a\"> </span>8<span class=\"_ _26d\"></span><span class=\"ws406\">                                     <span class=\"ws1\"> </span></span></span></span></span>B. Aum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i<span class=\"_ _13b\"> </span><span class=\"ls1ae ws408\">13<span class=\"_ _26c\"></span><span class=\"ls1 ws406\">                                <span class=\"ws1\"> <span class=\"_ _26e\"> </span><span class=\"ls1ae ws408\">13<span class=\"_ _26f\"></span><span class=\"ls1 ws406\">                                   <span class=\"ws1\"> </span></span></span></span></span></span>B.4 Altre variaz<span class=\"_ _1c\"></span>ioni<span class=\"_ _12b\"> </span><span class=\"ls1b0 ws40a\">13<span class=\"_ _26c\"></span><span class=\"ls1 ws406\">                                <span class=\"ws1\"> <span class=\"_ _26e\"> </span><span class=\"ls1b0 ws40a\">13<span class=\"_ _26f\"></span><span class=\"ls1 ws406\">                                   <span class=\"ws1\"> </span></span></span></span></span></span>C.<span class=\"_ _0\"></span> Dim<span class=\"_ _0\"></span>inuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span>D.<span class=\"_ _0\"></span> Rima<span class=\"_ _0\"></span>nenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali<span class=\"_ _3d\"> </span><span class=\"ls1ae ws408\">21<span class=\"_ _270\"></span><span class=\"ls1 ws406\">                                <span class=\"ws1\"> <span class=\"_ _26e\"> </span><span class=\"ls1ae ws408\">21</span></span></span></span><span class=\"ls1ae ws408\"><span class=\"ls1 ws406\"><span class=\"ws1\"><span class=\"ls1ae ws408\"><span class=\"_ _26d\"></span><span class=\"ls1 ws406\">                                   <span class=\"ws1\"> </span></span></span></span></span></span>7<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>alut<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i s<span class=\"_ _13\"></span>ign<span class=\"_ _13\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ilir<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> l\u2019e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>te<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>a di c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>ro<span class=\"_ _13\"></span>llo<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>iu<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>to<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>lu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>a n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>GEM H<span class=\"_ _1\"></span>ospi<span class=\"_ _1\"></span>tali<span class=\"_ _1\"></span>ty S.r<span class=\"_ _1\"></span>.l.,<span class=\"_ _1\"></span> pur ess<span class=\"_ _1\"></span>endo d<span class=\"_ _1\"></span>ete<span class=\"_ _1\"></span>nuta al<span class=\"_ _1\"></span>l\u20198<span class=\"_ _1\"></span>0% da V<span class=\"_ _1\"></span>ita Srl<span class=\"_ _1\"></span>, \u00e8 co<span class=\"_ _1\"></span>nsid<span class=\"_ _1c\"></span>erata so<span class=\"_ _1\"></span>ciet\u00e0<span class=\"_ _1\"></span> colleg<span class=\"_ _1\"></span>ata<span class=\"_ _1c\"></span> in quanto i cont<span class=\"_ _0\"></span>ratti in essere,<span class=\"_ _0\"></span> nella sostanza e su<span class=\"_ _0\"></span>lla base di quanto pre<span class=\"_ _0\"></span>visto dall\u2019IFRS10, non consentono al Gruppo<span class=\"_ _0\"></span> di partecipare alle decision<span class=\"_ _0\"></span>i gestionali<span class=\"ls1 ws1\"> </span>e finanziarie<span class=\"_ _0\"></span> della societ\u00e0. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-27": {
   "value": "Sezione 8 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Atti<span class=\"_ _0\"></span>vit\u00e0 mate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>i </span>\u2013 </span>Voce 80<span class=\"ls1 ws1\"> </span>8<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 m<span class=\"_ _13\"></span>ate<span class=\"_ _11\"></span>riali ad<span class=\"_ _0\"></span> u<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al co<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w63c h45d\" id=\"_596bee49-a4db-444d-a348-0f3c97a8f5e3\"><tr><td class=\"c x622 y35ef w14f h18c\"><div class=\"t m29 x24 h18d y1aca ff2 fs36 fc0 sc0 ls1b1 ws40b\">At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0/Valori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x701 y35f1 w63d h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40c\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x702 y35f1 w63d h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40c\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f2 w63e h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b3 ws40d\">1. At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0 prop<span class=\"_ _0\"></span>riet<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x703 y35f2 w63f h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">1.<span class=\"_ _0\"></span>431<span class=\"_ _4ac\"> </span></div></td><td class=\"c x704 y35f2 w640 h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">2.<span class=\"_ _0\"></span>809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f3 w641 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b4 ws410\">a) t<span class=\"_ _0\"></span>erreni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x705 y35f3 w642 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x706 y35f3 w643 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">755<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f4 w644 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b6 ws412\">b) f<span class=\"_ _0\"></span>abbri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x707 y35f4 w645 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x708 y35f4 w646 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">345<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f5 w647 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">c<span class=\"_ _0\"></span>) m<span class=\"_ _0\"></span>obili<span class=\"_ _4ac\"> </span></div></td><td class=\"c x709 y35f5 w648 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">472<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70a y35f5 w646 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">543<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f6 w649 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">d) impianti elettro<span class=\"_ _1\"></span>nic<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70b y35f6 w646 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">945<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70c y35f6 w64a h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">1.147<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f7 w64b h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">e) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70d y35f7 w64c h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">14<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70e y35f7 w64c h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">19<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35f8 w64d h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b1 ws414\">2. Dirit<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i d'uso acquisit<span class=\"_ _0\"></span>i con il leasing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70f y35f8 w64e h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">20.731<span class=\"_ _4ac\"> </span></div></td><td class=\"c x710 y35f8 w64f h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">24.<span class=\"_ _0\"></span>967<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y35ef w14f h18c\"><div class=\"t m29 x24 h18d y1ad4 ff1 fs36 fc0 sc0 ls1b4 ws410\">a) t<span class=\"_ _0\"></span>erreni<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y35f9 w644 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b6 ws412\">b) f<span class=\"_ _0\"></span>abbri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x711 y35f9 w650 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">18.555<span class=\"_ _4ac\"> </span></div></td><td class=\"c x712 y35f9 w651 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">22.296<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fa w647 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">c<span class=\"_ _0\"></span>) m<span class=\"_ _0\"></span>obili<span class=\"_ _4ac\"> </span></div></td><td class=\"c x713 y35fa w652 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">52<span class=\"_ _4ac\"> </span></div></td><td class=\"c x714 y35fa w646 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">362<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fb w649 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">d) impianti elettro<span class=\"_ _1\"></span>nic<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70b y35fb w646 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">795<span class=\"_ _4ac\"> </span></div></td><td class=\"c x70c y35fb w64a h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">1.124<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fc w64b h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b7 ws413\">e) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x715 y35fc w64a h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">1.331<span class=\"_ _4ac\"> </span></div></td><td class=\"c x716 y35fc w653 h441\"><div class=\"t m29 x1fa h18d y35f0 ff1 fs36 fc0 sc0 ls1b5 ws411\">1.<span class=\"_ _0\"></span>185<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w654 h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b8 ws415\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x717 y345e w64f h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">22.<span class=\"_ _0\"></span>163<span class=\"_ _4ac\"> </span></div></td><td class=\"c x718 y345e w655 h441\"><div class=\"t m29 x1fa h18d y35f0 ff2 fs36 fc0 sc0 ls1b2 ws40e\">27.<span class=\"_ _0\"></span>776<span class=\"_ _4ac\"> </span></div></td></tr></table>La v<span class=\"_ _1\"></span>oce \u201c1.<span class=\"_ _1\"></span> <span class=\"ls0 ws15\">Attivit\u00e0 di propriet<span class=\"_ _0\"></span>\u00e0\u201d ricomprende le attivit\u00e0 materiali ad uso funzionale di propriet\u00e0 </span>del Gruppo; in partico<span class=\"_ _0\"></span>lare la sottovoce \u201cd) impianti elettronici\u201d \u00e8 compost<span class=\"_ _0\"></span>a prevalentemente da impianti elett<span class=\"_ _0\"></span>ronici ed elettromeccanic<span class=\"_ _0\"></span>i e da hardware informatici.<span class=\"ls1 ws1\"> </span>La voce \u201c2.<span class=\"_ _0\"></span> Diritti d\u2019uso ac<span class=\"_ _0\"></span>quisiti con il le<span class=\"_ _0\"></span>asing\u201d ricompren<span class=\"_ _0\"></span>de i diritti d\u2019u<span class=\"_ _0\"></span>so acquisiti tram<span class=\"_ _0\"></span>ite contratt<span class=\"_ _0\"></span>i di locazione (principa<span class=\"_ _0\"></span>lmente correlati agli uffici de<span class=\"_ _0\"></span>lle societ\u00e0 del Gruppo<span class=\"_ _0\"></span> Anima, oltre ad immobili st<span class=\"_ _0\"></span>rumentali all\u2019att<span class=\"_ _0\"></span>ivit\u00e0 svolta da V<span class=\"_ _0\"></span>ita Srl) e <span class=\"ls11 ws29\">noleggio (auto<span class=\"_ _0\"></span> aziendali concesse in uso </span>promiscuo a t<span class=\"_ _0\"></span>aluni dipendenti e hardware<span class=\"_ _0\"></span>) rientranti nel campo di applicaz<span class=\"_ _0\"></span>ione del princ<span class=\"_ _0\"></span>ipio conta<span class=\"_ _1\"></span>bile<span class=\"_ _1c\"></span> IFRS 16<span class=\"_ _1c\"></span>. <span class=\"ls1 ws1\"> </span>Si evidenzia che la variazione in diminuz<span class=\"_ _0\"></span>ione della voce relativa alle attivit\u00e0 di propriet\u00e0 rispetto al precedente<span class=\"_ _0\"></span> esercizio deriva princ<span class=\"_ _0\"></span>ipalmente (i) dalla ven<span class=\"_ _0\"></span>dita effettuata n<span class=\"_ _0\"></span>el corso dell\u2019eserc<span class=\"_ _0\"></span>izio da Anima SGR de<span class=\"_ _0\"></span>ll\u2019immobile sito in Novar<span class=\"_ _0\"></span>a e (ii) dalla<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls31 ws5a\">c<span class=\"_ _0\"></span>ompon<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>iva <span class=\"_ _0\"></span>all\u2019ammo<span class=\"_ _0\"></span>rtamen<span class=\"_ _0\"></span>to </span></span>di p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o.<span class=\"ls1 ws1\"> </span>Le ulter<span class=\"_ _0\"></span>iori informazioni pre<span class=\"_ _0\"></span>viste dal prin<span class=\"_ _0\"></span>cipio contabile<span class=\"_ _0\"></span> IFRS 16 sono fornite ne<span class=\"_ _0\"></span>lla \u201cParte D <span class=\"ls1 ws1\">\u2013 </span>Altre<span class=\"_ _0\"></span> Inform<span class=\"_ _0\"></span>azioni<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013  <span class=\"ls1c wseb\">Sezione 7 </span>\u2013  <span class=\"lsf wsc5\">Info<span class=\"_ _1\"></span>rmati<span class=\"_ _1\"></span>va s<span class=\"_ _1\"></span>ul lea<span class=\"_ _1\"></span>sing<span class=\"_ _1\"></span>\u201d del<span class=\"_ _1\"></span>la pr<span class=\"_ _1\"></span>ese<span class=\"_ _1\"></span>nte No<span class=\"_ _1c\"></span>ta integ<span class=\"_ _1\"></span>rati<span class=\"_ _1\"></span>va </span></span>Consolidata a cu<span class=\"_ _0\"></span>i si rimanda per dettaglio.<span class=\"ls1 ws1\"> </span>8<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _13\"></span>\u00e0 m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _13\"></span>iali ad<span class=\"_ _13\"></span> u<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span> f<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>ale<span class=\"_ _11\"></span>: v<span class=\"_ _13\"></span>ar<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span><table class=\"s w656 h45e\" id=\"_5926e736-0e94-489e-bd57-864eb47c95a3\"><tr><td></td><td class=\"c x719 y35fe w657 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1b9 ws416\">Te<span class=\"_ _0\"></span>rreni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x71a y35fe w658 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1b9 ws416\">Fab<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ricati<span class=\"_ _4ac\"> </span></div></td><td class=\"c x71b y35fe w659 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1ba ws417\">Mobili<span class=\"_ _4ac\"> </span></div></td><td class=\"c x71c y35fe w65a h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bb ws418\">I<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>iant<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x71d y35fe w65b h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1ba ws417\">A<span class=\"_ _0\"></span>ltre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x71e y35fe w65c h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bc ws419\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x71f y35ff w65d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1ba ws417\">elet<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ronici<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x720 y35ff w65e h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3600 w65f h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1be ws41b\">A.<span class=\"_ _f6\"> </span><span class=\"ls1ba ws41c\">Esis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nze iniz<span class=\"_ _0\"></span>iali lorde<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c x721 y3600 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">755<span class=\"_ _4ac\"> </span></div></td><td class=\"c x722 y3600 w661 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">36.<span class=\"_ _0\"></span>703<span class=\"_ _4ac\"> </span></div></td><td class=\"c x723 y3600 w662 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">4.<span class=\"_ _0\"></span>987<span class=\"_ _4ac\"> </span></div></td><td class=\"c x724 y3600 w663 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">13.532<span class=\"_ _4ac\"> </span></div></td><td class=\"c x725 y3600 w664 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">3.<span class=\"_ _0\"></span>703<span class=\"_ _4ac\"> </span></div></td><td class=\"c x726 y3600 w665 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">59.<span class=\"_ _0\"></span>680<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3601 w666 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">A<span class=\"_ _0\"></span>.1<span class=\"_ _1f\"> </span><span class=\"ls1c0 ws41e\">Riduzion<span class=\"_ _1\"></span>i di valore totali n<span class=\"_ _1\"></span>ette<span class=\"_ _4ac\"> </span></span></div></td><td></td><td class=\"c x727 y3601 w667 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>14.062)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x728 y3601 w668 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(4.<span class=\"_ _0\"></span>083)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x729 y3601 w669 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(11.261)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x72a y3601 w66a h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(2.499)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x72b y3601 w669 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(31.904)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x72d y3603 w66b h460\"><div class=\"t m2a x1fa h191 y3602 ff2 fs37 fc0 sc0 ls1be ws41b\">A.2<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x72c h191 y35fd ff2 fs37 fc0 sc0 ls1ba ws41c\">Esist<span class=\"_ _0\"></span>enze<span class=\"_ _0\"></span> iniziali net<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x72e y3603 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">755<span class=\"_ _4ac\"> </span></div></td><td class=\"c x72f y3603 w665 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">22.<span class=\"_ _0\"></span>641<span class=\"_ _4ac\"> </span></div></td><td class=\"c x730 y3603 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">904<span class=\"_ _4ac\"> </span></div></td><td class=\"c x731 y3603 w664 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">2.<span class=\"_ _0\"></span>271<span class=\"_ _4ac\"> </span></div></td><td class=\"c x732 y3603 w662 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.<span class=\"_ _0\"></span>205<span class=\"_ _4ac\"> </span></div></td><td class=\"c x733 y3603 w663 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">27.776<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3604 w66c h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1c1 ws41f\">B.<span class=\"_ _0\"></span> <span class=\"_ _d3\"> </span><span class=\"ls1bb ws418\">Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></span></div></td><td></td><td class=\"c x734 y3604 w664 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">3.<span class=\"_ _0\"></span>908<span class=\"_ _4ac\"> </span></div></td><td class=\"c x735 y3604 w66d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">31<span class=\"_ _4ac\"> </span></div></td><td class=\"c x736 y3604 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">414<span class=\"_ _4ac\"> </span></div></td><td class=\"c x737 y3604 w662 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.<span class=\"_ _0\"></span>077<span class=\"_ _4ac\"> </span></div></td><td class=\"c x738 y3604 w66e h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">5.430<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x72d y3605 w66f h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">B.1.<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x72c h191 y35fd ff1 fs37 fc0 sc0 ls1c0 ws420\">Ac<span class=\"_ _0\"></span>quisti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x739 y3605 w670 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">502<span class=\"_ _4ac\"> </span></div></td><td class=\"c x73a y3605 w671 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">31<span class=\"_ _4ac\"> </span></div></td><td class=\"c x73b y3605 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">296<span class=\"_ _4ac\"> </span></div></td><td class=\"c x73c y3605 w672 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">951<span class=\"_ _4ac\"> </span></div></td><td class=\"c x73d y3605 w673 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">1.781<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3606 w674 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">B.7<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x73e h191 y35fd ff1 fs37 fc0 sc0 ls1c0 ws41e\">Altre variazioni<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x73f y3606 w675 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">3.405<span class=\"_ _4ac\"> </span></div></td><td class=\"c x740 y3606 w676 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x741 y3606 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">118<span class=\"_ _4ac\"> </span></div></td><td class=\"c x742 y3606 w677 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">126<span class=\"_ _4ac\"> </span></div></td><td class=\"c x743 y3606 w673 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">3.649<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y349d w678 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1c2 ws421\">C.<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x744 h191 y35fd ff2 fs37 fc0 sc0 ls1bb ws418\">Dim<span class=\"_ _0\"></span>inuzioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x745 y349d w679 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(755)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x747 y349d w67a h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(<span class=\"_ _0\"></span>7.<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x746 h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">994)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x748 y349d w67b h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(<span class=\"_ _0\"></span>412)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x749 y349d w67b h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(<span class=\"_ _0\"></span>945)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x74a y349d w67c h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(<span class=\"_ _0\"></span>937)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x74b y349d w67d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">(<span class=\"_ _0\"></span>11.<span class=\"_ _0\"></span>043)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3607 w67e h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">C<span class=\"_ _0\"></span>.1<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x73e h191 y35fd ff1 fs37 fc0 sc0 ls1c0 ws420\">Vendite<span class=\"_ _4ac\"> </span></div></td><td class=\"c x74c y3607 w67f h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(755)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x74d y3607 w680 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(2.<span class=\"_ _0\"></span>976)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x74e y3607 w681 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>237)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x74f y3607 w682 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>200)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x750 y3607 w683 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(4.169)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3608 w684 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">C<span class=\"_ _0\"></span>.2<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x73e h191 y35fd ff1 fs37 fc0 sc0 ls1c3 ws422\">Ammor<span class=\"_ _1c\"></span>tame<span class=\"_ _1c\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x751 y3608 w676 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x752 y3608 w66a h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(4.940)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x753 y3608 w685 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(412)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x754 y3608 w685 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(837)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x755 y3608 w685 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(647)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x756 y3608 w686 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>6.837)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x50c y3609 w674 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">C<span class=\"_ _0\"></span>.7<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x73e h191 y35fd ff1 fs37 fc0 sc0 ls1c0 ws41e\">Altre variazioni<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x757 y3609 w687 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(77)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x758 y3609 w688 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x759 y3609 w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">130<span class=\"_ _4ac\"> </span></div></td><td class=\"c x75a y3609 w689 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(90)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x75b y3609 w68a h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>37)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y360a w68b h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1be ws41b\">D.<span class=\"_ _9d\"> </span><span class=\"ls1bb ws423\">Rim<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali net<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></span></div></td><td></td><td class=\"c x75c y360a w68c h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">18.<span class=\"_ _0\"></span>554<span class=\"_ _4ac\"> </span></div></td><td class=\"c x75d y360a w660 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">523<span class=\"_ _4ac\"> </span></div></td><td class=\"c x75e y360a w68d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.741<span class=\"_ _4ac\"> </span></div></td><td class=\"c x75f y360a w662 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.<span class=\"_ _0\"></span>344<span class=\"_ _4ac\"> </span></div></td><td class=\"c x760 y360a w663 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">22.163<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x72d y360b w68e h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">D<span class=\"_ _0\"></span>.1<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x72c h191 y35fd ff1 fs37 fc0 sc0 ls1c0 ws41e\">Ridu<span class=\"_ _1\"></span>zioni  di valor<span class=\"_ _1\"></span>e totali nette<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x761 y360b w667 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(<span class=\"_ _0\"></span>14.760)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x763 y360b w68f h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(4.<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x762 h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">495)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x764 y360b w669 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(11.850)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x765 y360b w683 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(2.909)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x766 y360b w669 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1c1 ws41f\">(34.014)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x72d y360c w690 h45f\"><div class=\"t m2a x1fa h191 y35fd ff1 fs37 fc0 sc0 ls1bf ws41d\">D<span class=\"_ _0\"></span>.2<span class=\"_ _4ac\"> </span></div><div class=\"t m2a x72c h191 y35fd ff2 fs37 fc0 sc0 ls1ba ws41c\">Rimanenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali lorde<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x767 y360c w68c h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">33.<span class=\"_ _0\"></span>314<span class=\"_ _4ac\"> </span></div></td><td class=\"c x768 y360c w68d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">5.018<span class=\"_ _4ac\"> </span></div></td><td class=\"c x769 y360c w661 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">13.<span class=\"_ _0\"></span>591<span class=\"_ _4ac\"> </span></div></td><td class=\"c x76a y360c w662 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">4.<span class=\"_ _0\"></span>254<span class=\"_ _4ac\"> </span></div></td><td class=\"c x76b y360c w665 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">56.<span class=\"_ _0\"></span>177<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w691 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1c4 ws424\">E.<span class=\"_ _a6\"> </span><span class=\"ls1ba ws41c\">Valut<span class=\"_ _0\"></span>azione al costo<span class=\"_ _4ac\"> </span></span></div></td><td></td><td class=\"c x76c y345e w665 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">18.<span class=\"_ _0\"></span>554<span class=\"_ _4ac\"> </span></div></td><td class=\"c x76d y345e w670 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">523<span class=\"_ _4ac\"> </span></div></td><td class=\"c x76e y345e w68d h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.741<span class=\"_ _4ac\"> </span></div></td><td class=\"c x76f y345e w664 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">1.<span class=\"_ _0\"></span>344<span class=\"_ _4ac\"> </span></div></td><td class=\"c x770 y345e w665 h45f\"><div class=\"t m2a x1fa h191 y35fd ff2 fs37 fc0 sc0 ls1bd ws41a\">22.<span class=\"_ _0\"></span>163<span class=\"_ _4ac\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-627": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs57c\">Sezione 9 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Atti<span class=\"_ _0\"></span>vit\u00e0 immate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>i </span>\u2013 </span>Voce 90<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs57d\">9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 im<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>riali:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ia d<span class=\"_ _0\"></span>i att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs57e\"><table class=\"s w692 h461\" id=\"_08294b0e-8e94-40a3-946e-e61fac12f441\"><tr><td></td><td></td><td class=\"c x771 y360d w153 h197\"><div class=\"t m2b xeb h195 y1b0e ff2 fs38 fc0 sc0 ls1c6 ws42d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x772 y360d w153 h197\"><div class=\"t m2b x67 h195 y1b0e ff2 fs38 fc0 sc0 ls1c6 ws42d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c x771 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td><td class=\"c x773 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td><td class=\"c x772 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td><td class=\"c x774 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td></tr><tr><td></td><td class=\"c x771 y360e w154 h198\"><div class=\"t m2b x93 h195 y1b11 ff2 fs38 fc0 sc0 ls1c5 ws425\">al<span class=\"_ _0\"></span> cost<span class=\"_ _13\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x773 y360e w154 h198\"><div class=\"t m2b x81 h195 y1b11 ff2 fs38 fc0 sc0 ls1cd ws42f\">al fair value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x772 y360e w154 h198\"><div class=\"t m2b x93 h195 y1b11 ff2 fs38 fc0 sc0 ls1c5 ws425\">al<span class=\"_ _0\"></span> cost<span class=\"_ _13\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x774 y360e w154 h198\"><div class=\"t m2b x81 h195 y1b11 ff2 fs38 fc0 sc0 ls1cd ws42f\">al fair value<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3610 w693 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c5 ws425\">1.<span class=\"_ _0\"></span> A<span class=\"_ _0\"></span>vviam<span class=\"_ _13\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x775 y3610 w694 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">1.<span class=\"_ _0\"></span>167.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td><td class=\"c x776 y3610 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x777 y3610 w696 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">1.167.<span class=\"_ _0\"></span>805<span class=\"_ _4ac\"> </span></div></td><td class=\"c x778 y3610 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3611 w698 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c7 ws428\">2. Alt<span class=\"_ _0\"></span>re at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0 im<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>riali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x779 y3611 w699 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">349.<span class=\"_ _0\"></span>205<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77a y3611 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77b y3611 w69a h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">391.451<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77c y3611 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3612 w69b h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c8 ws429\">2.1<span class=\"_ _1\"></span> G<span class=\"_ _0\"></span>enerate i<span class=\"_ _0\"></span>nternam<span class=\"_ _0\"></span>ente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77d y3612 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77e y3612 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77f y3612 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x780 y3612 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3613 w69c h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c9 ws42a\">2.2 A<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x781 y3613 w69d h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c9 ws42b\">349.205<span class=\"_ _4ac\"> </span></div></td><td class=\"c x782 y3613 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x783 y3613 w69d h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c9 ws42b\">391.451<span class=\"_ _4ac\"> </span></div></td><td class=\"c x784 y3613 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3615 w69e h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1ca ws42c\">di c<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i s<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>are<span class=\"_ _13\"></span> e<span class=\"_ _0\"></span> alt<span class=\"_ _0\"></span>re<span class=\"_ _4ac\"> </span></div></td><td class=\"c x785 y3615 w69f h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">4.860<span class=\"_ _4ac\"> </span></div></td><td class=\"c x786 y3615 w6a0 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x787 y3615 w6a1 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">5.296<span class=\"_ _4ac\"> </span></div></td><td class=\"c x788 y3615 w6a0 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3616 w6a2 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1ca ws42c\">di c<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i int<span class=\"_ _0\"></span>ang<span class=\"_ _13\"></span>ibili<span class=\"_ _4ac\"> </span></div></td><td class=\"c x789 y3616 w6a3 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">344.344<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78a y3616 w6a4 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78b y3616 w6a5 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">386.155<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78c y3616 w6a4 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w6a6 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c5 ws425\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78d y345e w6a7 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">1.<span class=\"_ _0\"></span>517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78e y345e w697 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x790 y3618 w6a8 h463\"><div class=\"t m2b x78f h195 y3617 ff2 fs38 fc0 sc0 ls1c6 ws426\">1.559.<span class=\"_ _0\"></span>256<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table></div>Nel prospetto che segue \u00e8 riepilogata la composiz<span class=\"_ _0\"></span>ione delle attivit\u00e0 immateriali iscritte ne<span class=\"_ _0\"></span>l presente<span class=\"_ _0\"></span> Bilanc<span class=\"_ _0\"></span>io consolidato<span class=\"_ _0\"></span> del G<span class=\"_ _0\"></span>ruppo:<span class=\"ls1 ws1\"> </span><table class=\"s w6a9 h464\" id=\"_151ca703-2efb-41c4-93c0-598ef5813fb8\"><tr><td></td><td class=\"c x792 y361a w6aa h41c\"><div class=\"t m2c x1fa h19a y3619 ff2 fs39 fc0 sc0 ls1ce ws430\">31.<span class=\"_ _0\"></span>12.2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x793 y361a w6ab h41c\"><div class=\"t m2c x1fa h19a y3619 ff2 fs39 fc0 sc0 ls1ce ws431\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361b w6ac h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento da PPA ex<span class=\"_ _1\"></span> G<span class=\"_ _0\"></span>estielle Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x794 y361b w6ad h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">421.951<span class=\"_ _4ac\"> </span></div></td><td class=\"c x640 y361b w6ae h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">421.<span class=\"_ _4ac\"> </span></div><div class=\"t m2c x795 h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">951<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361c w6af h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d1 ws435\">Avvi<span class=\"_ _0\"></span>amento da PPA<span class=\"_ _0\"></span> ex Prima Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x796 y361c w6b0 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">304.736<span class=\"_ _4ac\"> </span></div></td><td class=\"c x797 y361c w6b0 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">304.736<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361d w6b1 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d1 ws435\">Avvi<span class=\"_ _0\"></span>amento da PPA<span class=\"_ _0\"></span> Anim<span class=\"_ _0\"></span>a Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x798 y361d w6b0 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">316.738<span class=\"_ _4ac\"> </span></div></td><td class=\"c x799 y361d w6ad h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">316.738<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361e w6b2 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d2 ws436\">Avviam<span class=\"_ _0\"></span>ento da PPA Com<span class=\"_ _0\"></span>pendio Scis<span class=\"_ _0\"></span>so BPF<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79a y361e w6b3 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">44.327<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79b y361e w6b4 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">44.327<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361f w6b5 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d3 ws437\">Av<span class=\"_ _0\"></span>viam<span class=\"_ _0\"></span>ento PP<span class=\"_ _0\"></span>A ex A<span class=\"_ _0\"></span>perta SG<span class=\"_ _0\"></span>R e ex Luss<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>burgo G<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tioni S<span class=\"_ _0\"></span>A<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79c y361f w6b6 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">17.<span class=\"_ _0\"></span>711<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79d y361f w6b4 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">17.711<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3621 w6b7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento da PPA Cas<span class=\"_ _0\"></span>tello Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79e y3621 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">59.944<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79f y3621 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">59.944<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3622 w6b8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento da PPA Vita Srl (Halldis)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a0 y3622 w6b9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2.398<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a1 y3622 w6ba h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2.<span class=\"_ _0\"></span>398<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3623 w6bb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento provvisorio Vita Srl (LeGeant)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a2 y3623 w6bc h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">83<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a3 y3623 w6bd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3624 w6be h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d4 ws438\">TOTALE AV<span class=\"_ _1\"></span>VIAMEN<span class=\"_ _1\"></span>TO CONSOL<span class=\"_ _1c\"></span>I<span class=\"_ _0\"></span>DATO<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a4 y3624 w6bf h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>167.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a5 y3624 w6c0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>167.805<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a6 y3625 w156 h19b\"><div class=\"t m2c x24 h19a y1b24 ff2 fs39 fc0 sc0 ls1d5 ws439\">AL<span class=\"_ _1\"></span>TRE<span class=\"_ _1\"></span> ATTIVITA'<span class=\"_ _1c\"></span> IMMATE<span class=\"_ _1\"></span>RAL<span class=\"_ _1c\"></span>I - IN<span class=\"_ _1c\"></span>TANG<span class=\"_ _1\"></span>IB<span class=\"_ _1\"></span>ILI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3626 w6c1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA A<span class=\"_ _0\"></span>nima Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a7 y3626 w6ad h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">112.121<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a8 y3626 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">112.121<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a9 y3628 w6c2 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d6 ws43a\">-  di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ibili b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a Sg<span class=\"_ _0\"></span>r<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7aa y3628 w6c3 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">17.745<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ab y3628 w6c4 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">17.745<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3629 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y3629 w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(98.<span class=\"_ _0\"></span>269)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y3629 w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>97.736)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362a w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ae y362a w6c9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>533)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7af y362a w6ca h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(533)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362b w6cb h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Anim<span class=\"_ _0\"></span>a Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b0 y362b w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">13.319<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b1 y362b w6cd h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">13.852<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362c w6ce h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA ex Aperta Sgr e ex<span class=\"_ _1c\"></span> Luss<span class=\"_ _0\"></span>emburgo Ges<span class=\"_ _0\"></span>tioni SA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b2 y362c w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">12.361<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b3 y362c w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">12.361<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a9 y362d w6cf h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d6 ws43a\">-  di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ibili b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span>x A<span class=\"_ _13\"></span>pe<span class=\"_ _13\"></span>rta S<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>r (o<span class=\"_ _0\"></span>ra A<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a Sg<span class=\"_ _0\"></span>r)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b4 y362d w6d0 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">9.680<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b5 y362d w6d0 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">9.680<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362e w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y362e w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(12.<span class=\"_ _0\"></span>361)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y362e w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>11.126)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362f w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b6 y362f w6d1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b7 y362f w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>1.235)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a6 y3625 w156 h19b\"><div class=\"t m2c x24 h19a y1b2e ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span> Ap<span class=\"_ _0\"></span>erta S<span class=\"_ _0\"></span>gr e ex<span class=\"_ _0\"></span> Lus. Gest<span class=\"_ _0\"></span>ioni SA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b8 y3630 w6d3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b9 y3630 w6d3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3631 w6d4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA ex Gestielle Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x796 y3631 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">380.341<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ba y3631 w6ad h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">380.341<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3632 w6d5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">-<span class=\"_ _4ac\"> </span></div><div class=\"t m2c x7bb h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">amm<span class=\"_ _0\"></span>ortamenti e rettifiche di valore e<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ercizi preceden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7bc y3632 w6d6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(177.492)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7bd y3632 w6d6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(152.136)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3633 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7be y3633 w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>25.356)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7bf y3633 w6d7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(25.356)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3634 w6d8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span> Gestie<span class=\"_ _0\"></span>lle Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c0 y3634 w6d9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">177.493<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c1 y3634 w6da h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">202.<span class=\"_ _0\"></span>849<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3635 w6db h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA C<span class=\"_ _0\"></span>astello Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79e y3635 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">11.272<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79f y3635 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">11.272<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a9 y3637 w6dc h45c\"><div class=\"t m2c x1fa h19c y3636 ff5 fs39 fc0 sc0 ls1d6 ws43a\">-  di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ibili b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>te<span class=\"_ _13\"></span>llo S<span class=\"_ _13\"></span>gr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c2 y3637 w6d0 h45c\"><div class=\"t m2c x1fa h19c y3636 ff5 fs39 fc0 sc0 ls1d7 ws437\">2.329<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c3 y3637 w6d0 h45c\"><div class=\"t m2c x1fa h19c y3636 ff5 fs39 fc0 sc0 ls1d7 ws437\">2.329<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3638 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c4 y3638 w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(3.932)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c5 y3638 w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(1.<span class=\"_ _0\"></span>220)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3639 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c6 y3639 w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(1.955)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c7 y3639 w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>2.712)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363a w6de h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Cast<span class=\"_ _0\"></span>ello Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c8 y363a w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">5.<span class=\"_ _0\"></span>386<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c9 y363a w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">7.<span class=\"_ _0\"></span>341<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363b w6e0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA Kairos SG<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ca y363b w6b9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">3.074<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cb y363b w6b9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">3.074<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363c w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cc y363c w6e1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>136)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cd y363c w6e2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363d w6e3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente (*)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ce y363d w6ca h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(205)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cf y363d w6ca h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(136)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363e w6e4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Kairos Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d0 y363e w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">2.<span class=\"_ _0\"></span>733<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d1 y363e w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">2.<span class=\"_ _0\"></span>937<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363f w6e5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili d<span class=\"_ _0\"></span>a PP<span class=\"_ _0\"></span>A rile<span class=\"_ _0\"></span>vati a livello conso<span class=\"_ _1\"></span>lidat<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d2 y363f w6da h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">198.<span class=\"_ _0\"></span>931<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d3 y363f w6e6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">226.<span class=\"_ _0\"></span>979<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3640 w6e7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA C<span class=\"_ _0\"></span>ompendio Sciss<span class=\"_ _0\"></span>o BPF<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d4 y3640 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">106.875<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d5 y3640 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">106.875<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3641 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y3641 w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(43.<span class=\"_ _0\"></span>947)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y3641 w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>36.808)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3642 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c6 y3642 w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(7.120)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c7 y3642 w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>7.139)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3643 w6e8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Comp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>io Scisso BPF<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d6 y3643 w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">55.808<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d7 y3643 w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">62.928<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3644 w6e9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Marchio PPA V<span class=\"_ _0\"></span>ita Srl (Halldis)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d8 y3644 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">606<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d9 y3644 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">606<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3645 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7da y3645 w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>25)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7db y3645 w6ec h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3646 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dc y3646 w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>61)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dd y3646 w6ed h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(25)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3647 w6ee h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibile M<span class=\"_ _0\"></span>archio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7de y3647 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">520<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7df y3647 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">581<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3648 w6ef h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili d<span class=\"_ _0\"></span>a PP<span class=\"_ _0\"></span>A rile<span class=\"_ _0\"></span>vate a livello individuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e0 y3648 w6f0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">56.<span class=\"_ _0\"></span>329<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e1 y3648 w6cd h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">63.509<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3649 w6f1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili riferiti ai Mand<span class=\"_ _1\"></span>ati di Ges<span class=\"_ _0\"></span>tione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e2 y3649 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">139.176<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e3 y3649 w6ad h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">138.750<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364a w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y364a w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(45.<span class=\"_ _0\"></span>046)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y364a w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>38.105)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364b w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c6 y364b w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(6.939)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c7 y364b w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>6.941)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364c w6f2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili rif<span class=\"_ _0\"></span>eriti ai M<span class=\"_ _0\"></span>andat<span class=\"_ _0\"></span>i di Gest<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e4 y364c w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">87.191<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e5 y364c w6f0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">93.<span class=\"_ _0\"></span>704<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364d w6f3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Marchio da Kairos SGR (c<span class=\"_ _0\"></span>onfermato in PPA)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e6 y364d w6f4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2013<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e7 y364d w6f5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2013<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364e w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7da y364e w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>50)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7db y364e w6ec h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364f w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dc y364f w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>75)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dd y364f w6ed h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(50)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3650 w6f6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d2 ws436\">Valore Residuo Marchio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e8 y3650 w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e9 y3650 w6f7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>963<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a6 y3625 w156 h19b\"><div class=\"t m2c x24 h19a y1b51 ff2 fs39 fc0 sc0 ls1d2 ws436\">Marchio da Vita srl (<span class=\"_ _0\"></span>LeGeant)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ea y3651 w6f8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws431\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7eb y3651 w6f9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d0 ws43c\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3652 w6fa h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili d<span class=\"_ _0\"></span>a Bilanci individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ec y3652 w6fb h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">89.<span class=\"_ _0\"></span>085<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ed y3652 w6f0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">95.<span class=\"_ _0\"></span>667<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3653 w6fc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Alt<span class=\"_ _0\"></span>re att<span class=\"_ _0\"></span>ivit\u00e0 im<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>eriali consolidate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ee y3653 w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">4.<span class=\"_ _0\"></span>860<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ef y3653 w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">5.<span class=\"_ _0\"></span>296<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w6fd h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d4 ws438\">TOTALE ATTIVITA' IMMATER<span class=\"_ _1\"></span>IALI CONSO<span class=\"_ _1\"></span>LIDATE<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f0 y345e w6fe h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f1 y345e w6bf h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>559.<span class=\"_ _0\"></span>256<span class=\"_ _4ac\"> </span></div></td></tr></table><div class=\"t m0 h1b ff1 fsc fc0 sc0 ls53 ws15c gs584\">(*) Dat<span class=\"_ _1\"></span>i restate<span class=\"_ _1\"></span>d per ef<span class=\"_ _1\"></span>fetto del<span class=\"_ _1\"></span>la PPA di<span class=\"_ _1\"></span> Kai<span class=\"_ _1\"></span>ros SG<span class=\"_ _1\"></span>R e della PP<span class=\"_ _1\"></span>A rilev<span class=\"_ _1\"></span>ata da Vit<span class=\"_ _1\"></span>a Srl,<span class=\"_ _1\"></span> si rinvia a<span class=\"_ _1\"></span> quanto<span class=\"_ _1\"></span> esposto<span class=\"_ _1\"></span> nella No<span class=\"_ _1c\"></span>ta<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>integrativ<span class=\"_ _1c\"></span>a consolidata,<span class=\"_ _1\"></span> Parte <span class=\"_ _1\"></span>A <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span></span><span class=\"ws15d\">Pol<span class=\"_ _1\"></span>itiche Conta<span class=\"_ _1\"></span>bili,<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h1b ff1 fsc fc0 sc0 ls53 ws15e gs585\">Altre Info<span class=\"_ _1\"></span>rmazion<span class=\"_ _1\"></span>i paragr<span class=\"_ _1\"></span>afo \"Restate<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>ent B<span class=\"_ _1\"></span>ilancio 202<span class=\"_ _1\"></span>4\"<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws97 gs587\">Le attivit\u00e0 immateriali a vita utile<span class=\"_ _0\"></span> indefinita, rappresentate dagli avviamenti, ammontano </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wsc0 gs588\">compl<span class=\"_ _1\"></span>essiva<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e a Euro <span class=\"_ _1\"></span>1.167<span class=\"_ _1\"></span>,9 mili<span class=\"_ _1\"></span>oni. Risp<span class=\"_ _1c\"></span>etto all\u2019es<span class=\"_ _1c\"></span>ercizio pr<span class=\"_ _1\"></span>eced<span class=\"_ _1\"></span>ente so<span class=\"_ _1\"></span>no stat<span class=\"_ _1\"></span>e rileva<span class=\"_ _1c\"></span>te </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs589\">le seguenti o<span class=\"_ _0\"></span>perazioni:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs58a\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls31 ws91\">conc<span class=\"_ _0\"></span>lusione de<span class=\"_ _0\"></span>l processo<span class=\"_ _0\"></span> di alloc<span class=\"_ _0\"></span>azione del<span class=\"_ _0\"></span> prezzo di<span class=\"_ _0\"></span> acquisto re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ivo al confer<span class=\"_ _0\"></span>imento </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs58b\">del ra<span class=\"_ _1\"></span>mo d<span class=\"_ _1\"></span>\u2019azie<span class=\"_ _1\"></span>nda Ha<span class=\"_ _1\"></span>lldis<span class=\"_ _1\"></span> in Vi<span class=\"_ _1\"></span>ta Srl<span class=\"_ _1\"></span>, avve<span class=\"_ _1\"></span>nuto <span class=\"_ _1\"></span>nel ter<span class=\"_ _1\"></span>zo tri<span class=\"_ _1c\"></span>mestre d<span class=\"_ _1\"></span>el 202<span class=\"_ _1\"></span>5. A<span class=\"_ _1\"></span> seguit<span class=\"_ _1\"></span>o di<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws18b gs58c\">tale<span class=\"_ _1\"></span> alloca<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, si<span class=\"_ _1c\"></span> \u00e8 proc<span class=\"_ _1\"></span>eduto <span class=\"_ _1\"></span>a re<span class=\"_ _1\"></span>ttific<span class=\"_ _1\"></span>are l<span class=\"_ _1\"></span>\u2019avvi<span class=\"_ _1c\"></span>amento p<span class=\"_ _1\"></span>rovvi<span class=\"_ _1\"></span>sori<span class=\"_ _1\"></span>o is<span class=\"_ _1\"></span>critto <span class=\"_ _1\"></span>(pa<span class=\"_ _1\"></span>ri ad E<span class=\"_ _1c\"></span>uro </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs58d\">2.793 migliaia<span class=\"_ _0\"></span>) di un importo<span class=\"_ _0\"></span> di Euro 395 migliaia (si rin<span class=\"_ _0\"></span>via a quanto r<span class=\"_ _0\"></span>iportato nella Parte </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gs58e\">A <span class=\"ls1 ws1\">\u2013 <span class=\"ls30 ws27\">Pol<span class=\"_ _1\"></span>itic<span class=\"_ _1\"></span>he Con<span class=\"_ _1\"></span>tabil<span class=\"_ _1\"></span>i, A<span class=\"_ _1\"></span>ltre I<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>zioni<span class=\"_ _1c\"></span>, parag<span class=\"_ _1c\"></span>rafo \u201cP<span class=\"_ _1\"></span>urchas<span class=\"_ _1c\"></span>e Price<span class=\"_ _1\"></span> Alloca<span class=\"_ _1c\"></span>tion <span class=\"ls1 ws1\">\u2013 <span class=\"ls2f ws0\">Vit<span class=\"_ _0\"></span>a Sr<span class=\"_ _0\"></span>l </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs58f\">conferimento<span class=\"_ _0\"></span> ramo Halldis\u201d della Nota inte<span class=\"_ _0\"></span>grativa c<span class=\"ls11 ws5\">onsolidata);<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs590\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws15\">in data 24 luglio 2025, Vita Srl</span> <span class=\"lsf ws17\">ha<span class=\"_ _1\"></span> acq<span class=\"_ _1\"></span>uisto <span class=\"_ _1c\"></span>un ramo<span class=\"_ _1c\"></span> d\u2019azi<span class=\"_ _1\"></span>enda<span class=\"_ _1\"></span> aven<span class=\"_ _1\"></span>te ad<span class=\"_ _1\"></span> ogge<span class=\"_ _1c\"></span>tto l\u2019at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1e7 gs591\">di gestione di un<span class=\"_ _0\"></span>a residenza turistic<span class=\"_ _0\"></span>a alberghiera denominata<span class=\"_ _0\"></span> \u201cLe Geant\u201d sita in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws5d gs592\">Courm<span class=\"_ _0\"></span>ayeur, ch<span class=\"_ _0\"></span>e ha provvis<span class=\"_ _0\"></span>oriame<span class=\"_ _0\"></span>nte gener<span class=\"_ _0\"></span>ato un a<span class=\"_ _0\"></span>vviamento<span class=\"_ _0\"></span> di circ<span class=\"_ _0\"></span>a euro 83 migliai<span class=\"_ _0\"></span>a. <span class=\"_ _0\"></span> <span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs593\">Le attivit\u00e0 intangibili a vita utile defin<span class=\"_ _0\"></span>ita, pari a Euro 349,2 milioni (Euro 391,5 al 31 dicembre </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs594\">2024)<span class=\"_ _1\"></span>, sono p<span class=\"_ _1c\"></span>rincipal<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e costit<span class=\"_ _1\"></span>uite da<span class=\"_ _1\"></span>:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws27 gs595\">1.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws0\">attivit\u00e0 imm<span class=\"_ _0\"></span>ateriali rilevate<span class=\"_ _0\"></span> a livello consolidato: <span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gs596\">a.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _24\"> </span></span><span class=\"ls0 ws7f\">rapporti contrattuali,<span class=\"_ _0\"></span> valoriz<span class=\"_ _0\"></span>zati in sede di </span><span class=\"ff5 ws172\">P<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> A<span class=\"_ _13\"></span>llo<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>atio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls11 ws172\">(\u201cPPA\u201d) di Anima SGR </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10f gs597\">avvenuta ne<span class=\"_ _0\"></span>l 2011, nei quali si sost<span class=\"_ _0\"></span>anziava la relazion<span class=\"_ _0\"></span>e con la clientela<span class=\"_ _0\"></span> acquista </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws18b gs598\">(comp<span class=\"_ _1\"></span>leta<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>mortizza<span class=\"_ _1c\"></span>ta) ed i<span class=\"_ _1\"></span>l mar<span class=\"_ _1c\"></span>chio \u201cA<span class=\"_ _1\"></span>nima\u201d<span class=\"_ _1\"></span>, que<span class=\"_ _1\"></span>st\u2019ul<span class=\"_ _1\"></span>timo is<span class=\"_ _1c\"></span>critto p<span class=\"_ _1c\"></span>er un va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs599\">resid<span class=\"_ _1c\"></span>uo di ci<span class=\"_ _1c\"></span>rca E<span class=\"_ _1\"></span>uro 13<span class=\"_ _1c\"></span>,3 milio<span class=\"_ _1c\"></span>ni e c<span class=\"_ _1\"></span>on vita<span class=\"_ _1c\"></span> util<span class=\"_ _1\"></span>e sti<span class=\"_ _1\"></span>mata<span class=\"_ _1\"></span> def<span class=\"ls0 ws8c\">i<span class=\"_ _1\"></span>nita sulla base della durata </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1e7 gs59a\">di Anima SGR come previsto dallo statuto; il valore di tale int<span class=\"_ _0\"></span>angibile era stato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs59b\">quantificato<span class=\"_ _0\"></span> sulla base dei costi di pubblicit\u00e0 sost<span class=\"_ _0\"></span>enuti dalla societ\u00e0 n<span class=\"ls1c ws8a\">ei 7 an<span class=\"_ _1\"></span>ni prec<span class=\"_ _1\"></span>eden<span class=\"_ _1\"></span>ti </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs59c\">all\u2019acquis<span class=\"_ _0\"></span>izione e rivalutati ad un<span class=\"_ _0\"></span> tasso del 2%;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs59d\">b.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws99\">r<span class=\"_ _0\"></span>apporti contrattuali, valor<span class=\"_ _0\"></span>izzati in sede di PPA eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _0\"></span>a sulla ex Aletti Gestielle SGR </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws6e gs59e\">S.p.A<span class=\"_ _1\"></span>. (\u201cGe<span class=\"_ _1\"></span>stiel<span class=\"_ _1\"></span>le SGR\u201d<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"ls0 ws65\">societ\u00e0<span class=\"_ _0\"></span> poi incorporata in Anim<span class=\"_ _0\"></span>a SGR), nei quali si so<span class=\"_ _0\"></span>stanzia la </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws78 gs59f\">relazi<span class=\"_ _1c\"></span>one con la c<span class=\"_ _1\"></span>lien<span class=\"_ _1\"></span>tela ac<span class=\"_ _1\"></span>quisi<span class=\"_ _1\"></span>ta per<span class=\"_ _1\"></span> un va<span class=\"_ _1\"></span>lore resi<span class=\"_ _1\"></span>duo<span class=\"_ _1\"></span> di Euro<span class=\"_ _1\"></span> 177,<span class=\"_ _1\"></span>5 m<span class=\"ls0 wsc1\">ilioni; in </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs5a0\">particolare<span class=\"_ _0\"></span>, tenuto conto delle specificit\u00e0 delle acquisizioni in esame e della prassi ormai </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws43d gs5a1\">cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ata nel<span class=\"_ _1\"></span> setto<span class=\"_ _1c\"></span>re dell\u2019as<span class=\"_ _1c\"></span>set mana<span class=\"_ _1\"></span>gem<span class=\"_ _1\"></span>ent,<span class=\"_ _1\"></span> \u00e8 stato id<span class=\"_ _1\"></span>entif<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>to l\u2019in<span class=\"_ _1\"></span>tangi<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs5a2\">\u201c<span class=\"ff5 ls41 ws262\">Cust<span class=\"_ _1\"></span>ome<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span> Rel<span class=\"_ _1\"></span>a<span class=\"_ _1c\"></span>ti<span class=\"_ _1c\"></span>onshi<span class=\"_ _1c\"></span>p<span class=\"_ _1\"></span><span class=\"ff1 ls0 wsb1\">\u201d il cui valore \u00e8 dato dal margine commission<span class=\"_ _0\"></span>ale<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"lsf wsa0\">net<span class=\"_ _1\"></span>to lu<span class=\"_ _1\"></span>ngo l<span class=\"_ _1\"></span>a </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws115 gs5a3\">dura<span class=\"_ _1\"></span>ta ec<span class=\"_ _1c\"></span>onomica<span class=\"_ _1c\"></span> del r<span class=\"_ _1\"></span>appor<span class=\"_ _1c\"></span>to acq<span class=\"_ _1\"></span>uisit<span class=\"_ _1\"></span>o, di<span class=\"_ _1\"></span>sting<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>ndo l<span class=\"_ _1\"></span>a red<span class=\"_ _1\"></span>ditiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1c\"></span>netta a<span class=\"_ _1\"></span>ssoci<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs5a4\">alle different<span class=\"_ _0\"></span>i tipologie di fondi gestiti. I volumi utilizzati come base di partenza per la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs5a5\">valutaz<span class=\"_ _0\"></span>ione dell\u2019intangibile, sono stati quelli relativi agli AuM dei fondi gestiti da Gestielle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws83 gs5a6\">SGR alla data di acquisizione, ovvero al 28 dicembre <span class=\"_ _1\"></span>2017; la vita utile stimata per tale </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs5a7\">inta<span class=\"_ _1\"></span>ngib<span class=\"_ _1\"></span>ile \u00e8 <span class=\"_ _1\"></span>stata<span class=\"_ _1\"></span> def<span class=\"_ _1\"></span>inita<span class=\"_ _1\"></span> in q<span class=\"_ _1\"></span>uind<span class=\"_ _1\"></span>ici a<span class=\"_ _1\"></span>nni,<span class=\"_ _1\"></span> con <span class=\"_ _1\"></span>ammo<span class=\"_ _1c\"></span>rtament<span class=\"_ _1c\"></span>o in quo<span class=\"_ _1\"></span>te cos<span class=\"_ _1c\"></span>tanti;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls34 wsd0 gs5a8\">c.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _c1\"> </span></span><span class=\"ls30 ws94\">rappor<span class=\"_ _1\"></span>ti co<span class=\"_ _1c\"></span>ntrattual<span class=\"_ _1\"></span>i, va<span class=\"_ _1c\"></span>lorizza<span class=\"_ _1\"></span>ti i<span class=\"_ _1\"></span>n sede<span class=\"_ _1\"></span> di P<span class=\"_ _1\"></span>PA e<span class=\"_ _1c\"></span>ffettuata<span class=\"_ _1c\"></span> con rif<span class=\"_ _1c\"></span>eriment<span class=\"_ _1\"></span>o all\u2019<span class=\"_ _1\"></span>acqui<span class=\"_ _1\"></span>sizi<span class=\"_ _1c\"></span>one </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs5a9\">di Castello SGR avvenuta in dat<span class=\"_ _0\"></span>a 19 luglio 2023, per un valore residuo pari a Euro 5,4 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs5aa\">milioni; in<span class=\"_ _0\"></span> particolare, sono st<span class=\"_ _0\"></span>ati individuati 57<span class=\"_ _0\"></span> intangibili a vita ut<span class=\"_ _0\"></span>ile<span class=\"ls1 ws1\"> </span>definita<span class=\"_ _0\"></span> relativi alle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws91 gs5ab\">\u201cCus<span class=\"_ _1\"></span>tomer Rel<span class=\"_ _1\"></span>ation<span class=\"_ _1\"></span>ship<span class=\"_ _1\"></span>\u201d conness<span class=\"_ _1c\"></span>e al rapport<span class=\"_ _1\"></span>o di cli<span class=\"_ _1\"></span>entela so<span class=\"_ _1\"></span>ttosta<span class=\"_ _1c\"></span>nte le mass<span class=\"_ _1\"></span>e gestit<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs5ac\">dai fondi immobiliar<span class=\"_ _0\"></span>i di Castello SGR, il cu<span class=\"_ _0\"></span>i valore \u00e8 stato determinato consider<span class=\"_ _0\"></span>ando il </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws241 gs5ad\">mar<span class=\"_ _0\"></span>gine comm<span class=\"_ _0\"></span>ission<span class=\"_ _0\"></span>ale nett<span class=\"_ _0\"></span>o gener<span class=\"_ _0\"></span>ato dal<span class=\"_ _0\"></span>le mass<span class=\"_ _0\"></span>e in gest<span class=\"_ _0\"></span><span class=\"ls35 ws153\">ione lungo la durat<span class=\"_ _0\"></span>a dei </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs5ae\">singoli fondi immobiliari con<span class=\"_ _0\"></span>siderati. Come richiesto dai principi contabili internazionali, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gs5af\">sono stati an<span class=\"_ _0\"></span>alizzati solo<span class=\"_ _0\"></span> i fondi att<span class=\"_ _0\"></span>ivi prima della data di acquis<span class=\"_ _0\"></span>izione, mentre<span class=\"_ _0\"></span> in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs5b0\">relazione <span class=\"_ _0\"></span>alla vita ut<span class=\"_ _0\"></span>ile delle Customer Re<span class=\"_ _0\"></span>lationshi<span class=\"lsf ws7a\">p \u00e8 sta<span class=\"_ _1\"></span>ta cons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>erata<span class=\"_ _1c\"></span> <span class=\"_ _0\"></span>la du<span class=\"_ _1\"></span>rata re<span class=\"_ _1c\"></span>sidua </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsac gs5b1\">per cia<span class=\"_ _1\"></span>scu<span class=\"_ _1\"></span>n fondo.<span class=\"_ _1\"></span> L\u2019amm<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o totale<span class=\"_ _1\"></span> riporta<span class=\"_ _1\"></span>to in ta<span class=\"_ _1\"></span>bella<span class=\"_ _1\"></span> \u00e8 calc<span class=\"_ _1\"></span>olato co<span class=\"_ _1\"></span>me la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs5b2\">sommatoria degli ammort<span class=\"_ _0\"></span>amenti specifici di ciasc<span class=\"_ _0\"></span>un <span class=\"ls31 ws5c\">fondo;<span class=\"_ _4ac\"> </span></span><span class=\"ls31 ws5c\"><span class=\"ls1 ws1\">  </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs5b4\">d.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws82\">r<span class=\"_ _0\"></span>apporti contrattuali,<span class=\"_ _0\"></span> valorizzati in s<span class=\"_ _0\"></span>ede di PPA effettu<span class=\"_ _0\"></span>ata con riferimento all\u2019<span class=\"_ _0\"></span>acquisizione </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs5b5\">di Kairos SGR (avvenuta il 2<span class=\"_ _0\"></span> maggio 2024), per un valore residuo di Euro 2,7 milioni;<span class=\"_ _0\"></span> in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs5b6\">particolare<span class=\"_ _0\"></span> \u00e8 stato identifica<span class=\"_ _0\"></span>to un intangibile a vit<span class=\"_ _0\"></span>a utile de<span class=\"_ _0\"></span>finita rel<span class=\"ls11 wscf\">ativo alla \u201cCustomer </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs5b7\">Relationship\u201d connes<span class=\"_ _0\"></span>so al rapporto con la clientela sottostante gli AuM, il cui valore \u00e8 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws9b gs5b8\">stato<span class=\"_ _1\"></span> dete<span class=\"_ _1\"></span>rmina<span class=\"_ _1c\"></span>to cons<span class=\"_ _1\"></span>idera<span class=\"_ _1c\"></span>ndo il ma<span class=\"_ _1\"></span>rgine<span class=\"_ _1\"></span> commi<span class=\"_ _1c\"></span>ssional<span class=\"_ _1\"></span>e ge<span class=\"_ _1\"></span>nera<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>alle mas<span class=\"_ _1c\"></span>se totali<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs5b9\">in gestione<span class=\"_ _0\"></span> alla data di acqu<span class=\"_ _0\"></span>isizione lungo il per<span class=\"_ _0\"></span>iodo 2022<span class=\"ls1 ws1\">-<span class=\"ls1c ws27\">20</span></span>23. La stima della vit<span class=\"_ _0\"></span>a utile </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs5ba\">dell\u2019Int<span class=\"_ _0\"></span>angibile tiene con<span class=\"_ _0\"></span>to del churn rate<span class=\"_ _0\"></span> medio annuo per il pe<span class=\"_ _0\"></span>riodo 2014<span class=\"ls1 ws1\">-<span class=\"ls1d wse4\">202<span class=\"_ _0\"></span>3. In </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsaa gs5bb\">parti<span class=\"_ _1\"></span>colar<span class=\"_ _1\"></span>e, si ri<span class=\"_ _1\"></span>corda<span class=\"_ _1\"></span> che<span class=\"_ _1c\"></span>, avendo c<span class=\"_ _1c\"></span>oncluso l<span class=\"_ _1\"></span>a PP<span class=\"_ _1\"></span>A nel c<span class=\"_ _1\"></span>orso d<span class=\"_ _1\"></span>ell\u2019e<span class=\"_ _1\"></span>serciz<span class=\"_ _1\"></span>io co<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e, il<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gs5bc\">principio cont<span class=\"_ _0\"></span>abile IFRS 3 prevede che la situazion<span class=\"lse ws1e4\">e espost<span class=\"_ _0\"></span>a rappresenti gli e<span class=\"_ _0\"></span>ffetti </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws10c gs5bd\">dell\u2019operazione come se alla data di acqu<span class=\"_ _0\"></span>isizione (avvenuta nel 2024) si fosse gi\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs5be\">concluso il proces<span class=\"_ _0\"></span>so di allocazione del prezzo, con conseguente \u201cre<span class=\"_ _0\"></span>statement\u201d dei valori </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs5bf\">rifer<span class=\"_ _0\"></span>iti all\u2019esercizio precedente. Si rimanda ai p<span class=\"lse ws110\">aragr<span class=\"_ _0\"></span>afi \u201cOperazione di aggre<span class=\"_ _0\"></span>gazione di </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws274 gs5c0\">Kairos SGR<span class=\"_ _0\"></span>\u201d e \u201cPurchase Price<span class=\"_ _0\"></span> Allocation <span class=\"ls1 ws1\">\u2013 <span class=\"_ _b9\"> </span><span class=\"lse ws43e\">Kairos SG<span class=\"_ _0\"></span>R\u201d per ma<span class=\"_ _0\"></span>ggiori detta<span class=\"_ _0\"></span>gli </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs5c1\">sull\u2019operaz<span class=\"_ _0\"></span>ione.  <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws27 gs5c2\">2.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws0\">attivit\u00e0 imm<span class=\"_ _0\"></span>ateriali rilevate<span class=\"_ _0\"></span> a livello di bilancio d\u2019eserciz<span class=\"_ _0\"></span>io delle controllate:<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gs5c3\">a.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _24\"> </span></span><span class=\"ls0 ws76\">rapporti contrattuali,<span class=\"_ _0\"></span> valorizzati in sede<span class=\"_ _0\"></span> di PPA effettuata con<span class=\"_ _0\"></span> riferimento alla scis<span class=\"_ _0\"></span>sione </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse wsf5 gs5c4\">parziale<span class=\"_ _0\"></span> del ramo d\u2019azienda di BancoPost<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>Fondi S<span class=\"_ _0\"></span>GR (\u201cCompendio Scisso<span class=\"_ _0\"></span>\u201d <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws8c\">scissione a </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsd6 gs5c5\">fav<span class=\"_ _1\"></span>ore di<span class=\"_ _1\"></span> Anim<span class=\"_ _1\"></span>a SGR)<span class=\"_ _1c\"></span>, per <span class=\"_ _1\"></span>un val<span class=\"_ _1\"></span>ore r<span class=\"_ _1c\"></span>esiduo p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a Eur<span class=\"_ _1\"></span>o 55<span class=\"_ _1\"></span>,8 mil<span class=\"_ _1\"></span>ioni<span class=\"_ _1c\"></span>; in parti<span class=\"_ _1c\"></span><span class=\"ls31 ws18b\">co<span class=\"_ _0\"></span>lare \u00e8<span class=\"_ _0\"></span> sta<span class=\"_ _0\"></span>to </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs5c6\">identificato<span class=\"_ _0\"></span> l\u2019intangibile \u201cAccordo Oper<span class=\"_ _0\"></span>ativo\u201d, il cui valore \u00e8 stato determinato sulla base </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc1 gs5c7\">dei fluss<span class=\"_ _0\"></span>i finanziari attesi,<span class=\"_ _0\"></span> generati dalle masse in gestione (AuM),<span class=\"_ _0\"></span> lungo la durata </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsaa gs5c8\">dell<span class=\"_ _1\"></span>\u2019Accord<span class=\"_ _1c\"></span>o Opera<span class=\"_ _1\"></span>tivo,<span class=\"_ _1\"></span> stipul<span class=\"_ _1\"></span>ato i<span class=\"_ _1\"></span>n data <span class=\"_ _1\"></span>6 ma<span class=\"_ _1\"></span>rzo 20<span class=\"_ _1\"></span>18 tra<span class=\"_ _1\"></span> Pos<span class=\"ls11 wse5\">te Itali<span class=\"_ _1\"></span>ane, BancoPosta </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws157 gs5c9\">Fond<span class=\"_ _1\"></span>i SGR<span class=\"_ _1c\"></span>, Poste<span class=\"_ _1\"></span> Vita<span class=\"_ _1\"></span>, Ani<span class=\"_ _1c\"></span>ma Hold<span class=\"_ _1\"></span>ing <span class=\"_ _1\"></span>e Ani<span class=\"_ _1c\"></span>ma SGR<span class=\"_ _1\"></span>. La vi<span class=\"_ _1c\"></span>ta util<span class=\"_ _1c\"></span>e di tal<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs5ca\">imma<span class=\"_ _1\"></span>teria<span class=\"_ _1\"></span>le \u00e8 s<span class=\"_ _1c\"></span>tata sti<span class=\"_ _1c\"></span>mata i<span class=\"_ _1\"></span>n qui<span class=\"_ _1\"></span>ndici<span class=\"_ _1\"></span> anni<span class=\"_ _1\"></span>, c<span class=\"_ _1\"></span>on am<span class=\"_ _1\"></span>morta<span class=\"_ _1c\"></span>mento i<span class=\"_ _1\"></span>n quo<span class=\"_ _1\"></span>te c<span class=\"_ _1\"></span>ostan<span class=\"_ _1\"></span>ti;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs5cb\">b.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws189\">m<span class=\"_ _0\"></span>andati per la gestione in delega degli attivi derivanti dalle attivit\u00e0 di impresa </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws116 gs5cc\">assicurativa (\u201cMandati di Gestione\u201d) acquisiti dalla controllata Anima SGR da Ba<span class=\"_ _1\"></span>nca Aletti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs5cd\">S.p.A<span class=\"_ _1\"></span>. il<span class=\"_ _1\"></span> 29 gi<span class=\"_ _1\"></span>ugno <span class=\"_ _1\"></span>201<span class=\"_ _1\"></span>8 per <span class=\"_ _1c\"></span>un valo<span class=\"_ _1\"></span>re res<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>uo di<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>87,2 <span class=\"_ _1c\"></span>milioni<span class=\"_ _1\"></span>. In pa<span class=\"_ _1c\"></span>rticola<span class=\"_ _1\"></span>r<span class=\"ls35 ws5c\">e, tenuto </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs5ce\">conto della<span class=\"_ _0\"></span> specificit\u00e0 de<span class=\"_ _0\"></span>ll\u2019acquisizione<span class=\"_ _0\"></span> in esame, il valore<span class=\"_ _0\"></span> dell\u2019attivit\u00e0 in<span class=\"_ _0\"></span>tangibile (pari a<span class=\"_ _0\"></span>l </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws2b gs5cf\">prezz<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>rrisp<span class=\"_ _1\"></span>osto a<span class=\"_ _1c\"></span> Banca A<span class=\"_ _1\"></span>letti)<span class=\"_ _1\"></span>, \u00e8 s<span class=\"_ _1c\"></span>tato de<span class=\"_ _1\"></span>termi<span class=\"_ _1\"></span>nato s<span class=\"_ _1c\"></span>ulla bas<span class=\"_ _1c\"></span>e delle<span class=\"_ _1\"></span> mass<span class=\"_ _1c\"></span>e trasfe<span class=\"_ _1\"></span>rite<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 wse1 gs5d0\">ad Anima SGR alla data di acquisto (pari a circa Euro 9,4 m<span class=\"ls0 wsb1\">iliardi).<span class=\"_ _0\"></span> La vita utile<span class=\"_ _0\"></span> stimata </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws6e gs5d1\">per<span class=\"_ _1\"></span> tale <span class=\"_ _1\"></span>inta<span class=\"_ _1\"></span>ngib<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> \u00e8 s<span class=\"_ _1\"></span>tata d<span class=\"_ _1c\"></span>efini<span class=\"_ _1\"></span>ta in<span class=\"_ _1c\"></span> venti a<span class=\"_ _1c\"></span>nni, c<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>rtam<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span> in q<span class=\"_ _1c\"></span>uote c<span class=\"_ _1\"></span>osta<span class=\"_ _1\"></span>nti. </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs5d2\">Si informa che su tale int<span class=\"_ _0\"></span>angibile, cos\u00ec come previsto dagli accordi sottos<span class=\"_ _0\"></span>critti in sede di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs5d3\">acquisto (inte<span class=\"_ _0\"></span>grati/modificati nel corso d<span class=\"ls1c ws2a\">el 2020)<span class=\"_ _1\"></span>, \u00e8 stato rilev<span class=\"_ _1\"></span>ato nel c<span class=\"_ _1c\"></span>orso dell\u2019e<span class=\"_ _1\"></span>sercizi<span class=\"_ _1c\"></span>o </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 wsc3 gs5d4\">2025 un a<span class=\"_ _0\"></span>ggiust<span class=\"_ _0\"></span>amento pre<span class=\"_ _0\"></span>zzo da corri<span class=\"_ _0\"></span>sponder<span class=\"_ _0\"></span>e alla con<span class=\"_ _0\"></span>tropart<span class=\"_ _0\"></span>e per cir<span class=\"_ _0\"></span>ca Euro 425,4 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs5d5\">migliaia;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls34 wsd0 gs5d6\">c.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _10d\"> </span></span><span class=\"ls0 wsd5\">il marchio <span class=\"lse ws0\">di  <span class=\"ls31 ws5c\">Kairos<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _15\"> </span><span class=\"ls35 ws16\">SGR<span class=\"_ _0\"></span></span></span></span></span>, acquisito dalla s<span class=\"_ _0\"></span>ociet\u00e0 contr<span class=\"_ _0\"></span>ollata prima <span class=\"ls1c ws24c\">dell\u2019ing<span class=\"_ _1\"></span>resso nel<span class=\"_ _1c\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws9f gs5d7\">Gruppo An<span class=\"_ _0\"></span>ima<span class=\"ls30 wsba\">, per <span class=\"_ _1\"></span>un va<span class=\"_ _1\"></span>lore r<span class=\"_ _1\"></span>esidu<span class=\"_ _1\"></span>o pari a<span class=\"_ _1\"></span> Euro<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 wsb1\">1.887 m<span class=\"_ _0\"></span>igliaia, con vita<span class=\"_ _0\"></span> utile definit<span class=\"_ _0\"></span>a </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs5d8\">sulla base della dur<span class=\"_ _0\"></span>ata di <span class=\"ls31 ws5c\">Kairos<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><span class=\"ws2b\">SGR come prev<span class=\"_ _0\"></span>isto da<span class=\"_ _0\"></span>llo st<span class=\"_ _0\"></span>atuto<span class=\"ls1 ws1\">; </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs5d9\">d.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws82\">il m<span class=\"_ _0\"></span>archio Halldis rilevato da Vita Srl, valorizzato in sede di PPA effettuata con riferimento </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws127 gs5da\">al con<span class=\"_ _0\"></span>feriment<span class=\"_ _0\"></span>o del ramo d\u2019<span class=\"_ _0\"></span>azien<span class=\"_ _0\"></span>da avvenuto i<span class=\"_ _0\"></span>n data 6 ago<span class=\"_ _0\"></span>sto 2024, p<span class=\"_ _0\"></span>er un valore </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws117 gs5db\">residuo pari a circa Euro 520 migliaia, con vita utile definita in dieci anni e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws5c gs5dc\">ammort<span class=\"_ _0\"></span>amento in quo<span class=\"_ _0\"></span>te costa<span class=\"_ _0\"></span>nti.  <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs5dd\">Si ricor<span class=\"_ _0\"></span>da che, per le operazioni di acquisiz<span class=\"_ _0\"></span>ione riferite alla e<span class=\"_ _0\"></span>x Gestielle SGR, al Compendio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws97 gs3d3\">Scisso e ai Mandat<span class=\"_ _0\"></span>i di Gestione, gli accordi defin<span class=\"_ _0\"></span>iti (come integrati/modific<span class=\"_ _0\"></span>ati da quanto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9e gs5de\">sottoscritto<span class=\"_ _0\"></span> nel corso del 2<span class=\"_ _0\"></span>020) preve<span class=\"_ _0\"></span>dono, in linea con la pr<span class=\"_ _0\"></span>assi di <span class=\"ls30 wsac\">operaz<span class=\"_ _1\"></span>ioni a<span class=\"_ _1c\"></span>naloghe<span class=\"_ _1\"></span>, </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gs5df\">specifici me<span class=\"_ _0\"></span>ccanismi di protezione e gar<span class=\"_ _0\"></span>anzia (ad esempio meccanismi di aggiusta<span class=\"_ _0\"></span>mento<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsac gs5e1\">prezz<span class=\"_ _1\"></span>o, mecca<span class=\"_ _1c\"></span>nismi di<span class=\"_ _1\"></span> <span class=\"ff5 ls33 wsb6\">e<span class=\"_ _11\"></span>arn<span class=\"_ _13\"></span><span class=\"ls1 ws1\">-<span class=\"_ _0\"></span><span class=\"ls39 ws43f\">in<span class=\"_ _13\"></span> <span class=\"_ _0\"></span>/<span class=\"_ _0\"></span> e<span class=\"_ _11\"></span>ar<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span></span>-<span class=\"ls51 ws14d\">o<span class=\"_ _0\"></span>ut</span></span></span><span class=\"ls0 wsd5\">, mantenimento di determin<span class=\"_ _0\"></span>ati livelli di quote di </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws94 gs5e2\">merca<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span> part<span class=\"_ _1c\"></span>e delle c<span class=\"_ _1\"></span>ontrop<span class=\"_ _1\"></span>arti <span class=\"_ _1\"></span>dei p<span class=\"_ _1\"></span>rod<span class=\"_ _1\"></span>otti <span class=\"_ _1\"></span>gesti<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima, <span class=\"_ _1c\"></span>meccanis<span class=\"_ _1c\"></span>mi di ve<span class=\"_ _1\"></span>rific<span class=\"_ _1\"></span>a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs5e3\">della perform<span class=\"_ _0\"></span>ance dei prodotti gestiti dal Gruppo Anima e rimedi in cas<span class=\"_ _1\"></span>o di <span class=\"ff5 ls38 ws77\">un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rfo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws88 gs5e4\">degl<span class=\"_ _1\"></span>i stes<span class=\"_ _1\"></span>si). P<span class=\"_ _1\"></span>er mag<span class=\"_ _1c\"></span>giori de<span class=\"_ _1\"></span>ttagli<span class=\"_ _1\"></span>, si ri<span class=\"_ _1c\"></span>manda<span class=\"_ _1\"></span> al Ca<span class=\"_ _1\"></span>pitol<span class=\"_ _1\"></span>o XXII<span class=\"_ _1\"></span> del P<span class=\"_ _1\"></span>rospe<span class=\"_ _1\"></span>tto I<span class=\"_ _1\"></span>nforma<span class=\"_ _1c\"></span>tivo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs5e5\">pubblicato in dat<span class=\"_ _0\"></span>a 23 marzo 2018 relativo all\u2019aumento di capitale e ai documenti informativi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs5e6\">relativi ad operazion<span class=\"_ _0\"></span>i di<span class=\"_ _1\"></span> maggiore rilevanza co<span class=\"ls1d ws6a\">n pa<span class=\"_ _0\"></span>rti cor<span class=\"_ _0\"></span>relate p<span class=\"_ _0\"></span>ubbli<span class=\"_ _0\"></span>cate in dat<span class=\"_ _0\"></span>a 7 april<span class=\"_ _0\"></span>e 2020 </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs5e7\">e in data 21 maggio 2020,<span class=\"_ _0\"></span> disponibili sul sito della Societ<span class=\"_ _0\"></span>\u00e0.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs5e8\">Nella success<span class=\"_ _0\"></span>iva tabella si fornisce la riconc<span class=\"_ _0\"></span>iliazione tra le partec<span class=\"_ _0\"></span>ipazioni detenute dalla Societ\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs5e9\">ed iscr<span class=\"_ _0\"></span>itte nel Bilancio di Eserc<span class=\"_ _0\"></span>izio e le attivit\u00e0 immater<span class=\"_ _0\"></span>iali evidenziate nel presente<span class=\"_ _0\"></span> Bilancio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws5c gs5ea\">Cons<span class=\"_ _0\"></span>olidato:<span class=\"ls1 ws1\"> </span></div><div class=\"gs5ec\"><table class=\"s w6ff h466\" id=\"_f61d894c-51ed-4794-9993-a6aef52e4d7c\"><tr><td class=\"c x212 y3655 w700 h467\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ioni iscritte<span class=\"_ _0\"></span> su Anim<span class=\"_ _0\"></span>a Holding bilancio separat<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f2 y3655 w701 h467\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">1.926.<span class=\"_ _0\"></span>925<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3656 w702 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Rett<span class=\"_ _0\"></span>ifica p<span class=\"_ _0\"></span>er LTI<span class=\"_ _0\"></span>P d<span class=\"_ _0\"></span>elle<span class=\"_ _0\"></span> part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ioni iscritte s<span class=\"_ _0\"></span>u Anima Holding<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f3 y3656 w703 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(82.<span class=\"_ _0\"></span>649)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3657 w704 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1db ws444\">Rett<span class=\"_ _0\"></span>ifica pe<span class=\"_ _0\"></span>r versame<span class=\"_ _0\"></span>nto a fondo ped<span class=\"_ _0\"></span>uto pe<span class=\"_ _0\"></span>r acquisizione M<span class=\"_ _0\"></span>andati d<span class=\"_ _0\"></span>i Gestione d<span class=\"_ _0\"></span>a Banca Aletti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f4 y3657 w703 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(90.<span class=\"_ _0\"></span>000)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3658 w705 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1db ws444\">Cap<span class=\"_ _0\"></span>itale Sociale Anim<span class=\"_ _0\"></span>a Alte<span class=\"_ _0\"></span>rnative e versam<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i a fondo pe<span class=\"_ _0\"></span>rduto<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f5 y3658 w706 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(6.<span class=\"_ _0\"></span>567)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3659 w707 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Pat<span class=\"_ _0\"></span>rimonio Nett<span class=\"_ _0\"></span>o di Anim<span class=\"_ _0\"></span>a SGR alla data d<span class=\"_ _0\"></span>i acquisiz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f6 y3659 w708 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(172.<span class=\"_ _0\"></span>084)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y365a w709 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Diff<span class=\"_ _0\"></span>erenz<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>oriche di consolidame<span class=\"_ _0\"></span>nto de<span class=\"_ _0\"></span>lle societ\u00e0 controllat<span class=\"_ _0\"></span>e da A<span class=\"_ _0\"></span>nima SGR<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f7 y365a w70a h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">9.<span class=\"_ _0\"></span>186<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1b9b ff5 fs3a fc0 sc0 ls1dc ws445\">Lus<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>burgo G<span class=\"_ _13\"></span>es<span class=\"_ _0\"></span>tioni SA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1b9c ff1 fs3a fc0 sc0 ls1dd ws446\">5.836<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y365d w70b h468\"><div class=\"t m2d x1fa h1a3 y365c ff5 fs3a fc0 sc0 ls1de ws447\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x47f h1a3 y365c ff5 fs3a fc0 sc0 ls1de ws447\">n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a M<span class=\"_ _13\"></span>anag<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>pan<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> S<span class=\"_ _13\"></span>A<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1b9f ff1 fs3a fc0 sc0 ls1dd ws446\">5.218<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3660 w70c h469\"><div class=\"t m2d x1fa h1a3 y365e ff5 fs3a fc0 sc0 ls1df ws448\">A<span class=\"_ _0\"></span>ni<span class=\"_ _1c\"></span>ma<span class=\"_ _1\"></span> A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span> Ma<span class=\"_ _1\"></span>na<span class=\"_ _1c\"></span>gement<span class=\"_ _1c\"></span> Ltd<span class=\"_ _1c\"></span> e ex AA<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> IF<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Pat<span class=\"_ _0\"></span>rimonio Nett<span class=\"_ _0\"></span>o di Cas<span class=\"_ _0\"></span>tello SGR alla dat<span class=\"_ _0\"></span>a di acquis<span class=\"_ _0\"></span>izione e int<span class=\"_ _0\"></span>eress<span class=\"_ _0\"></span>enze<span class=\"_ _0\"></span> di t<span class=\"_ _0\"></span>erzi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f8 y3661 w70d h42f\"><div class=\"t m2d x1fa h1a1 y365f ff1 fs3a fc0 sc0 ls1dd ws446\">(1.868)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f9 y3660 w70e h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">2.419<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3662 w70f h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Avviament<span class=\"_ _0\"></span>o prese<span class=\"_ _0\"></span>nte ne<span class=\"_ _0\"></span>lle societ\u00e0<span class=\"_ _0\"></span> part<span class=\"_ _0\"></span>ecipat<span class=\"_ _0\"></span>e alla da<span class=\"_ _0\"></span>ta d<span class=\"_ _0\"></span>i acquisizione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fa y3662 w710 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">30.342<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1ba6 ff5 fs3a fc0 sc0 ls1de ws447\">A<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x155 h1a1 y1ba7 ff1 fs3a fc0 sc0 ls1dd ws446\">25.686<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">      <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3663 w711 h468\"><div class=\"t m2d x1fa h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">C<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x47f h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">as<span class=\"_ _0\"></span>te<span class=\"_ _13\"></span>llo S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1baa ff1 fs3a fc0 sc0 ls1dd ws446\">1.780<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bab ff5 fs3a fc0 sc0 ls1e0 ws449\">V<span class=\"_ _0\"></span>ita S<span class=\"_ _0\"></span>.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1bac ff1 fs3a fc0 sc0 ls1dd ws446\">2.876<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3664 w712 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Pat<span class=\"_ _0\"></span>rimonio Nett<span class=\"_ _0\"></span>o di Kairos SGR alla data d<span class=\"_ _0\"></span>i acquisiz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fb y3664 w713 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws44a\">(27.<span class=\"_ _0\"></span>302)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1baf ff5 fs3a fc0 sc0 ls1de ws447\">K<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bb0 ff1 fs3a fc0 sc0 ls1dd ws446\">(27.302)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3665 w714 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Ad<span class=\"_ _0\"></span>eguament<span class=\"_ _0\"></span>o per int<span class=\"_ _0\"></span>angibili rilevat<span class=\"_ _0\"></span>i in sed<span class=\"_ _0\"></span>e di P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A (al ne<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o delle im<span class=\"_ _0\"></span>post<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iffe<span class=\"_ _0\"></span>rite)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fc y3665 w708 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(460.<span class=\"_ _0\"></span>542)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bb2 ff5 fs3a fc0 sc0 ls1df ws448\">A<span class=\"_ _0\"></span>ni<span class=\"_ _1c\"></span>ma<span class=\"_ _1\"></span> SGR (<span class=\"_ _1\"></span>PPA eserci<span class=\"_ _1c\"></span>zi<span class=\"_ _1c\"></span> pr<span class=\"_ _1c\"></span>eceden<span class=\"_ _1\"></span>ti<span class=\"_ _1c\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bb3 ff1 fs3a fc0 sc0 ls1dd ws446\">(91.164)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3666 w715 h468\"><div class=\"t m2d x1fa h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x47f h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ti n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l bilan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ilis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> de<span class=\"_ _13\"></span>lla co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>llata)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bb6 ff1 fs3a fc0 sc0 ls1dd ws446\">(17.745)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bb7 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (rif<span class=\"_ _0\"></span>. A<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>a SG<span class=\"_ _13\"></span>R<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> Lu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>. G<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ni)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1bb8 ff1 fs3a fc0 sc0 ls1dd ws446\">7.886<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bb9 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i ne<span class=\"_ _13\"></span>l bilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ilis<span class=\"_ _13\"></span>tic<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lla c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>llata e<span class=\"_ _0\"></span> rif<span class=\"_ _0\"></span>. A<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rta S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R e<span class=\"_ _13\"></span> Lus<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> G<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x41 h1a1 y1bba ff1 fs3a fc0 sc0 ls1dd ws446\">(9.680)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">       <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bbb ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (rif<span class=\"_ _0\"></span>. G<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>tie<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _0\"></span>) </div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x17e h1a1 y1bbc ff1 fs3a fc0 sc0 ls1dd ws446\">(267.874)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">   <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bbd ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (rif<span class=\"_ _0\"></span>. B<span class=\"_ _13\"></span>PF<span class=\"_ _0\"></span>) </div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bbe ff1 fs3a fc0 sc0 ls1dd ws446\">(75.272)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bbf ff5 fs3a fc0 sc0 ls1e0 ws449\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>llo<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R (<span class=\"_ _0\"></span>PP<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x41 h1a1 y1bc0 ff1 fs3a fc0 sc0 ls1dd ws446\">(8.777)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">       <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bc1 ff5 fs3a fc0 sc0 ls1e0 ws449\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>llo<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R (<span class=\"_ _0\"></span>pre<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ti n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ilis<span class=\"_ _13\"></span>tic<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lla c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>llata)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1bc2 ff1 fs3a fc0 sc0 ls1dd ws446\">2.479<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bc3 ff5 fs3a fc0 sc0 ls1e1 ws44b\">Vita<span class=\"_ _1c\"></span> (PPA<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x103 h1a1 y1bc4 ff1 fs3a fc0 sc0 ls1dd ws446\">(395)<span class=\"_ _24d\"></span><span class=\"ls1 ws443\">          <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3667 w716 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1e2 ws44c\">Re<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> valor<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r one<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span> acce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ori a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o pa<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>cond<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> a con<span class=\"_ _0\"></span>to e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>co (I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 3)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fd y3667 w717 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(22.<span class=\"_ _0\"></span>804)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3668 w718 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Altr<span class=\"_ _0\"></span>e ret<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>iche di valore pe<span class=\"_ _0\"></span>r principi int<span class=\"_ _0\"></span>ernaz<span class=\"_ _0\"></span>ionali<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fe y3668 w719 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(1.266)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3669 w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bc9 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (ade<span class=\"_ _13\"></span>g. al f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>tit<span class=\"_ _0\"></span>o s<span class=\"_ _13\"></span>ub<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>inato<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> alla data d<span class=\"_ _0\"></span>i acq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>izio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> al ne<span class=\"_ _13\"></span>tto<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span> im<span class=\"_ _13\"></span>po<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y3669 w157 h1a0\"><div class=\"t m2d x103 h1a1 y1bca ff1 fs3a fc0 sc0 ls1dd ws446\">(609)<span class=\"_ _24d\"></span><span class=\"ls1 ws443\">          <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x7ff y366b w71a h46a\"><div class=\"t m2d x1fa h1a3 y366a ff5 fs3a fc0 sc0 ls1e0 ws449\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i P<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>ivit<span class=\"_ _0\"></span>\u00e0 pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rris<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ziali ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>ati in<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>de<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i P<span class=\"_ _0\"></span>PA<span class=\"_ _13\"></span> e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>pe<span class=\"_ _13\"></span>rta<span class=\"_ _4ac\"> </span></div></td><td class=\"c x800 y366b w71b h46a\"><div class=\"t m2d x1fa h1a3 y366a ff5 fs3a fc0 sc0 ls1e3 ws44d\">(<span class=\"_ _0\"></span>657)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y366c w71c h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Rilevazione nel conto economico co<span class=\"_ _1\"></span>nsolidat<span class=\"_ _0\"></span>o dell'aggiustam<span class=\"_ _0\"></span>ento p<span class=\"_ _0\"></span>rezz<span class=\"_ _0\"></span>o (IFRS3) acq<span class=\"_ _0\"></span>uisizioni ese<span class=\"_ _0\"></span>rcizi pre<span class=\"_ _0\"></span>cede<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x801 y366c w71d h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">53.<span class=\"_ _0\"></span>659<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y366d w71e h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Rilevazione nel conto economico co<span class=\"_ _1\"></span>nsolidat<span class=\"_ _0\"></span>o del Badwill (<span class=\"_ _0\"></span>IFRS3) acq<span class=\"_ _0\"></span>uisizione Kairos Part<span class=\"_ _0\"></span>ners<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x802 y366d w70e h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">8.661<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y366e w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bd1 ff5 fs3a fc0 sc0 ls1e0 ws449\">B<span class=\"_ _0\"></span>adw<span class=\"_ _13\"></span>ill P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span> s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span> D<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>re<span class=\"_ _0\"></span>nza P<span class=\"_ _0\"></span>N<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>re<span class=\"_ _13\"></span>zzo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y366e w157 h1a0\"><div class=\"t m2d xfd h1a1 y1bd2 ff1 fs3a fc0 sc0 ls1dd ws446\">8.661<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y366f w71f h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Rett<span class=\"_ _0\"></span>ifica utili/p<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>ite d<span class=\"_ _0\"></span>a cessione d<span class=\"_ _0\"></span>i part<span class=\"_ _0\"></span>ecip<span class=\"_ _0\"></span>azione intragrup<span class=\"_ _0\"></span>po ese<span class=\"_ _0\"></span>rcizi pre<span class=\"_ _0\"></span>cede<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x803 y366f w720 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(<span class=\"_ _0\"></span>90)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3670 w721 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1e2 ws44c\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> avvia<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o Bil<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>o cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o a<span class=\"_ _0\"></span>l 31/12/2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x804 y3670 w701 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">1.167.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a1 y1bd6 ff2 fs3a fc0 sc0 ls1d9 ws441\">Riconc<span class=\"_ _1\"></span>iliazione at<span class=\"_ _0\"></span>tivit\u00e0 im<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ateriali Bilancio Consolidato al 31/1<span class=\"_ _1\"></span>2/20<span class=\"_ _1\"></span>25<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x405 y3671 w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bd8 ff5 fs3a fc0 sc0 ls1e0 ws449\">Fair v<span class=\"_ _0\"></span>alue<span class=\"_ _13\"></span> de<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> ide<span class=\"_ _13\"></span>ntif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i in s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>de<span class=\"_ _13\"></span> di P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span> al lord<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> di am<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span>i e<span class=\"_ _0\"></span>d im<span class=\"_ _13\"></span>po<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y3671 w157 h1a0\"><div class=\"t m2d xb8 h1a1 y1bd9 ff1 fs3a fc0 sc0 ls1dd ws446\">616.310<span class=\"_ _2b4\"></span><span class=\"ls1 ws443\">             <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x405 y3672 w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bdb ff5 fs3a fc0 sc0 ls1e0 ws449\">Fair v<span class=\"_ _0\"></span>alue<span class=\"_ _13\"></span> de<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li  altri in<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>ili a v<span class=\"_ _0\"></span>ita ut<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>init<span class=\"_ _0\"></span>a </div></td><td></td><td class=\"c x405 y3672 w157 h1a0\"><div class=\"t m2d xb8 h1a1 y1bdc ff1 fs3a fc0 sc0 ls1dd ws446\">139.176<span class=\"_ _2b4\"></span><span class=\"ls1 ws443\">             <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x405 y3673 w157 h1a5\"><div class=\"t m2d x24 h1a3 y1b90 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ti in<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>ili ann<span class=\"_ _0\"></span>i 2009-2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y3673 w157 h1a5\"><div class=\"t m2d x88 h1a1 y1bde ff1 fs3a fc0 sc0 ls1dd ws446\">(411.141)<span class=\"_ _70\"></span><span class=\"ls1 ws443\">            <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y3674 w722 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili Bilancio co<span class=\"_ _1\"></span>nsolidat<span class=\"_ _0\"></span>o al 31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/202<span class=\"_ _1\"></span>5<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x805 y3674 w723 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">344.344<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3675 w724 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Altr<span class=\"_ _0\"></span>e imm<span class=\"_ _0\"></span>obilizz<span class=\"_ _0\"></span>azioni imm<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>riali consolidate<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x806 y3675 w725 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">4.860<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w726 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Totale<span class=\"_ _0\"></span> att<span class=\"_ _0\"></span>ivit\u00e0 imm<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>riali da Bilancio Consolidato al 31/1<span class=\"_ _1\"></span>2/20<span class=\"_ _1\"></span>25<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x807 y345e w727 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">1.<span class=\"_ _0\"></span>517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 ws440 gs5ee\">Impairmen<span class=\"_ _0\"></span>t test<span class=\"_ _4ac\"> </span><span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws5a gs5ef\">L\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto, s<span class=\"_ _1\"></span>eco<span class=\"_ _1\"></span>ndo <span class=\"_ _1\"></span>quant<span class=\"_ _1\"></span>o disp<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>o dall<span class=\"_ _1\"></span>o IA<span class=\"_ _1\"></span>S 36, d<span class=\"_ _1c\"></span>eve esse<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>osto a<span class=\"_ _1c\"></span>nnualme<span class=\"_ _1\"></span>nte a<span class=\"_ _1c\"></span>d<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff5 fs0 fc0 sc0 ls38 ws113 gs5f0\">im<span class=\"_ _0\"></span>pai<span class=\"_ _1c\"></span>rm<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">per verificarne la recu<span class=\"_ _0\"></span>perabilit\u00e0.<span class=\"_ _4ac\"> </span></span></span><span class=\"ff1 ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs5f1\">Vi \u00e8 una perdita di va<span class=\"_ _0\"></span>lore ogniqualvolta il valor<span class=\"_ _0\"></span>e contabile (\u201c<span class=\"ff5 ls33 ws312\">c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span> am<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>\u201d</span><span class=\"lsf ws11a\">) di un\u2019a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1c\"></span>t\u00e0 <span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span></span><span class=\"lsf ws11a\"><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws8d gs5f2\">intes<span class=\"_ _1\"></span>a ind<span class=\"_ _1c\"></span>ividual<span class=\"_ _1c\"></span>mente<span class=\"_ _1\"></span> o com<span class=\"_ _1c\"></span>e <span class=\"ff5 ls41 ws346\">ca<span class=\"_ _d\"></span>sh gene<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>ti<span class=\"_ _1c\"></span>ng uni<span class=\"_ _d\"></span>t <span class=\"ff1 ls11 wsfb\">(\u201cCGU\u201d), ovvero il \u201ccentro di ricavo\u201d di<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls41 ws346\"><span class=\"ff1 ls11 wsfb\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs5f3\">minori dimens<span class=\"_ _0\"></span>ioni a cui \u00e8 possibile<span class=\"_ _0\"></span> imputare specifici flu<span class=\"_ _0\"></span>ssi di cassa<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"lse wsce\">\u00e8<span class=\"_ _0\"></span> maggiore<span class=\"_ _0\"></span> del valore<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"lse wsce\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs5f5\">recupera<span class=\"_ _0\"></span>bile della stessa (\"<span class=\"ff5 ls38 wsf5\">re<span class=\"_ _13\"></span>cov<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ra<span class=\"_ _1c\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt\u201d<span class=\"ff1 ls0 ws76\">). Il valore<span class=\"_ _0\"></span> recuperabile \u00e8 il maggio<span class=\"_ _0\"></span>re tra il fair<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls38 wsf5\"><span class=\"ff1 ls0 ws76\"><span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs5f6\">value al netto de<span class=\"_ _0\"></span>i costi di vendita e il valore d\u2019uso (\u201c<span class=\"ff5 ls41 ws315\">va<span class=\"_ _1c\"></span>l<span class=\"_ _1\"></span>ue <span class=\"_ _0\"></span>i<span class=\"_ _1c\"></span>n use\")<span class=\"_ _1c\"></span><span class=\"ff1 ls1 ws1\">.<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls41 ws315\"><span class=\"ff1 ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs5f7\">A tal fine,<span class=\"_ _0\"></span> l\u2019avviamento deve esse<span class=\"_ _0\"></span>re allocato a<span class=\"_ _0\"></span> singole o a gruppi di un<span class=\"_ _0\"></span>it\u00e0 generatr<span class=\"_ _0\"></span>ici di flussi<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs5f8\">finanziari de<span class=\"_ _0\"></span>ll\u2019acquirente in modo che tali unit\u00e0 beneficino delle s<span class=\"_ _0\"></span>inergie dell\u2019aggregazione,<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws11a gs5f9\">indi<span class=\"_ _1\"></span>pend<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e dal<span class=\"_ _1c\"></span> fatto c<span class=\"_ _1c\"></span>he altr<span class=\"_ _1c\"></span>e attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>o pas<span class=\"_ _1c\"></span>sivit\u00e0<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span><span class=\"ls0 ws8b\">\u2019acquisito s<span class=\"_ _0\"></span>iano assegnate a tali<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws8b\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs5fa\">unit\u00e0<span class=\"_ _1\"></span> o gr<span class=\"_ _1\"></span>uppi<span class=\"_ _1\"></span> di u<span class=\"_ _1\"></span>nit\u00e0<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1e7 gs5fb\">Nel Bilancio consolidat<span class=\"_ _0\"></span>o di Anima Holding, le attivit\u00e0 immateriali a vita utile indefinita,<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gs5fc\">rappresentate<span class=\"_ _0\"></span> dagli avviamenti, ammontano complessivamente a Euro 1.167,9 milioni; in<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs5fd\">seguito, alle varie<span class=\"_ _0\"></span> acquisizioni/fusion<span class=\"_ _0\"></span>i per incorporazione avvenute negli anni, gli avviame<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws33b gs5fe\">sono da consider<span class=\"_ _0\"></span>arsi un unico ed indistinto avviamento,<span class=\"_ _0\"></span> allocato all\u2019unica CGU<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws81 gs5ff\">compless<span class=\"_ _0\"></span>ivamente dedicata alla gestione del risparmio (\u201cCG<span class=\"_ _0\"></span>U Anima\u201d <span class=\"ls1 ws1\">- <span class=\"_ _18\"> </span><span class=\"ls11 wsb7\">rappr<span class=\"_ _0\"></span>esentata dalle<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls11 wsb7\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs600\">soci<span class=\"_ _1\"></span>et\u00e0 op<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>tive d<span class=\"_ _1c\"></span>el Grup<span class=\"_ _1\"></span>po),<span class=\"_ _1c\"></span> in qua<span class=\"_ _1\"></span>nto: <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs601\">\u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span> <span class=\"ls0 ws81\">il management del Gruppo gestisce le societ\u00e0 alla stregu<span class=\"_ _0\"></span>a di <span class=\"_ _1\"></span>un\u2019unic<span class=\"_ _0\"></span>a CGU, in grado di<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws81\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs602\">gener<span class=\"_ _0\"></span>are flussi di reddito<span class=\"_ _0\"></span> e di cassa; <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs603\">\u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span><span class=\"lsf wsd6\">non esis<span class=\"_ _1c\"></span>te un repo<span class=\"_ _1c\"></span>rting sep<span class=\"_ _1\"></span>arat<span class=\"_ _1c\"></span>o <span class=\"_ _0\"></span>(\u201c<span class=\"ff5 ls54 ws44e\">s<span class=\"_ _1c\"></span>eg<span class=\"_ _1c\"></span>men<span class=\"_ _1\"></span>t<span class=\"_ _1c\"></span> r<span class=\"_ _1\"></span>ep<span class=\"_ _1c\"></span>or<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>ng<span class=\"_ _1c\"></span><span class=\"ff1 ls0 ws5f\">\u201d) per le attivit\u00e0 oggetto di acquisizione;<span class=\"_ _4ac\"> </span></span></span></span><span class=\"lsf wsd6\"><span class=\"ff5 ls54 ws44e\"><span class=\"ff1 ls0 ws5f\"> <span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs604\">\u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span><span class=\"lsf wsf1\">Anima<span class=\"_ _1\"></span> Hol<span class=\"_ _1\"></span>ding<span class=\"_ _1\"></span> non<span class=\"_ _1\"></span> deti<span class=\"_ _1c\"></span>ene al<span class=\"_ _1\"></span>cuna<span class=\"_ _1\"></span> atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span>/pa<span class=\"_ _1\"></span>ssivi<span class=\"_ _1\"></span>t\u00e0 es<span class=\"_ _1c\"></span>tranea a<span class=\"_ _1\"></span>l p<span class=\"_ _1\"></span>ropri<span class=\"_ _1\"></span>o bus<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>ss (<span class=\"_ _1\"></span>c.d.<span class=\"_ _4ac\"> </span></span><span class=\"lsf wsf1\"> </span></div><div class=\"t m0 h2 ff5 fs0 fc0 sc0 ls4e ws95 gs605\">sur<span class=\"_ _1c\"></span>pl<span class=\"_ _1c\"></span>us a<span class=\"_ _d\"></span>sset<span class=\"ff1 ls32 ws5e\">). </span><span class=\"ff1 ls32 ws5e\"><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs606\">Inoltre, a<span class=\"_ _0\"></span>ll\u2019interno della CGU Anima a cui \u00e8 all<span class=\"_ _1\"></span>ocato l\u2019<span class=\"_ _0\"></span>avviamento, sono ricomprese le attivit\u00e0<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs607\">immateriali a vita utile definit<span class=\"_ _0\"></span>a, individuate in fase di PPA o attraverso attivit\u00e0 acquisite, per un<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsba gs608\">impo<span class=\"_ _1\"></span>rto tota<span class=\"_ _1\"></span>le resi<span class=\"_ _1\"></span>duo (<span class=\"_ _1\"></span>al net<span class=\"_ _1\"></span>to degli<span class=\"_ _1\"></span> ammo<span class=\"_ _1\"></span>rtamen<span class=\"_ _1\"></span>ti e dell<span class=\"_ _1c\"></span><span class=\"ls1c ws102\">e <span class=\"_ _0\"></span>impos<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>e d<span class=\"_ _1\"></span>ifferit<span class=\"_ _1\"></span>e eventual<span class=\"_ _1c\"></span>mente<span class=\"_ _4ac\"> </span></span><span class=\"ls1c ws102\"><span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs609\">iscritte) di c<span class=\"_ _0\"></span>irca Euro 282 milioni. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs60a\">Il princ<span class=\"_ _0\"></span>ipio contabile internaz<span class=\"_ _0\"></span>ionale IAS 36 prevede<span class=\"_ _0\"></span> che su tali att<span class=\"_ _0\"></span>ivit\u00e0 immateriali a vit<span class=\"_ _0\"></span>a utile<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws13a gs60b\">definita venga effettuato una verifica de<span class=\"_ _0\"></span>l<span class=\"ls0 ws99\">l\u2019esistenza di in<span class=\"_ _0\"></span>dicatori di perdite di valor<span class=\"_ _0\"></span>e (\u201c<span class=\"ff5 ls38 ws77\">trigge<span class=\"_ _0\"></span>r<span class=\"_ _4ac\"> </span></span></span><span class=\"ls0 ws99\"><span class=\"ff5 ls38 ws77\"> </span></span></div><div class=\"t m0 h2 ff5 fs0 fc0 sc0 ls40 ws116 gs60c\">e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"ff1 ls11 ws5\">\u201d).<span class=\"_ _4ac\"> </span></span><span class=\"ff1 ls11 ws5\"><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs60d\">Si conferma che le valutazion<span class=\"_ _0\"></span>i effettuate dal Gruppo Anima su tali attivit\u00e0 immateriali a vita utile<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs60e\">definit<span class=\"_ _0\"></span>a non hanno rilevato la presenza<span class=\"_ _0\"></span> di indicatori di perdita di va<span class=\"_ _0\"></span>lore e quindi non \u00e8 stato<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs60f\">effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>to un <span class=\"ff5 ls38 ws113\">i<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t te<span class=\"_ _13\"></span>st<span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws0\">specifico sulle singole att<span class=\"_ _0\"></span>ivit\u00e0 immateriali a vita ut<span class=\"_ _0\"></span>ile definita. </span></span></span><span class=\"ff5 ls38 ws113\"><span class=\"ff1 ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws157 gs610\">Tutta<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>, in c<span class=\"_ _1\"></span>onti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1c\"></span> con le <span class=\"_ _1c\"></span>scelte <span class=\"_ _1\"></span>effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>te in<span class=\"_ _1\"></span> pass<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po Ani<span class=\"_ _1c\"></span>ma ha r<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>nuto<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsac gs611\">oppor<span class=\"_ _1\"></span>tuno so<span class=\"_ _1c\"></span>ttoporre<span class=\"_ _1\"></span> ad <span class=\"ff5 ls11 ws112\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls0 wsd5\">, oltre che all\u2019avv<span class=\"_ _0\"></span>iamento, anche le altre attivit\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls0 wsd5\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws274 gs612\">immateriali a v<span class=\"_ _0\"></span>ita utile de<span class=\"_ _0\"></span>finita present<span class=\"_ _0\"></span>i nel presente Bilanc<span class=\"_ _0\"></span>io consolidato. Per<span class=\"_ _0\"></span>tanto,<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs613\">l\u2019<span class=\"ff5 ls11\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _11\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span> te<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"lsf ws1f\">ha l\u2019<span class=\"_ _1\"></span>obi<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>o di va<span class=\"_ _1\"></span>luta<span class=\"_ _1c\"></span>re la t<span class=\"_ _1\"></span>enuta<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> <span class=\"ff5 ls38 ws113\">ca<span class=\"_ _1\"></span>rry<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">della C<span class=\"_ _0\"></span>GU Anima.<span class=\"_ _4ac\"> </span></span></span></span></span></span><span class=\"ls1 ws1\"><span class=\"lsf ws1f\"><span class=\"ff5 ls38 ws113\"><span class=\"ff1 ls1 ws1\"> </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse wsf4 gs614\">Nella con<span class=\"_ _0\"></span>duzione de<span class=\"_ _0\"></span>l <span class=\"ff5 ls11 ws140\">te<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i im<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </span><span class=\"ls35 ws8e\">al 31<span class=\"_ _0\"></span> dicembre 20<span class=\"_ _0\"></span>25, si \u00e8 te<span class=\"_ _0\"></span>nuto cont<span class=\"_ _0\"></span>o anche di qu<span class=\"_ _0\"></span>anto<span class=\"_ _4ac\"> </span></span><span class=\"ls35 ws8e\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws2b gs615\">segu<span class=\"_ _0\"></span>e:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs616\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws29\">Il <span class=\"_ _20\"> </span><span class=\"ff5 ls11 wsfb\">P<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span></span><span class=\"ff1\"> <span class=\"_ _20\"> </span><span class=\"ls1c ws9a\">del 14 o<span class=\"_ _1\"></span>ttobr<span class=\"_ _1\"></span>e 2025 d<span class=\"_ _1c\"></span>ell\u2019ESMA <span class=\"ff5 ls41 ws346\">\u201c<span class=\"_ _d\"></span>Eur<span class=\"_ _1c\"></span>o<span class=\"_ _0\"></span>pea<span class=\"_ _d\"></span>n<span class=\"_ _0\"></span> co<span class=\"_ _1\"></span>mm<span class=\"_ _0\"></span>on enfor<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _4ac\"> </span></span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"ls1c ws9a\"><span class=\"ff5 ls41 ws346\"><span class=\"_ _1c\"></span> </span></span></span></span></div><div class=\"t m0 h2 ff5 fs0 fc0 sc0 ls3c ws11b gs617\">p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>ra<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> re<span class=\"_ _13\"></span>po<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>\u201d <span class=\"ff1 ls0 wsfa\">ribadisce alcune r<span class=\"_ _0\"></span>accomandazioni che <span class=\"_ _0\"></span>gli<span class=\"_ _4ac\"> </span></span><span class=\"ff1 ls0 wsfa\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs618\">emittent<span class=\"_ _0\"></span>i dovrebbero seguire ne<span class=\"_ _0\"></span>lla predisposizione de<span class=\"_ _0\"></span>i bilanci rifer<span class=\"_ _0\"></span>iti all\u2019eserc<span class=\"_ _0\"></span>izio 2025;<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs619\">in particolare  richiama l\u2019att<span class=\"_ _0\"></span>enzione (i) sull\u2019importanza che le proiezioni dei flussi di cassa<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs61a\">siano r<span class=\"_ _0\"></span>ealistiche<span class=\"_ _0\"></span> e aggiorn<span class=\"_ _0\"></span><span class=\"ws8c\">ate sulla base de<span class=\"_ _0\"></span>ll'evoluzione del co<span class=\"_ _0\"></span>ntesto geopolitico,<span class=\"_ _0\"></span> anche<span class=\"_ _4ac\"> </span></span><span class=\"ws8c\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs61c\">nell'am<span class=\"_ _0\"></span>bito delle determinazioni del va<span class=\"_ _0\"></span>lore d'uso delle CGU oggetto di im<span class=\"lsf ws6b\">pairm<span class=\"_ _1\"></span>ent tes<span class=\"_ _1\"></span>t </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs61d\">e (ii) sulle<span class=\"_ _0\"></span> priorit\u00e0 inc<span class=\"_ _0\"></span>luse nei report emessi nel cor<span class=\"_ _0\"></span>so degli anni preceden<span class=\"_ _0\"></span>ti,  in particolare </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs61e\">in amb<span class=\"_ _1\"></span>ito<span class=\"_ _1\"></span> ESG c<span class=\"_ _1c\"></span>he conti<span class=\"_ _1c\"></span>nuano a<span class=\"_ _1\"></span> ess<span class=\"_ _1\"></span>ere ri<span class=\"_ _1\"></span>leva<span class=\"_ _1c\"></span>nti.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs61f\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws104\">il D<span class=\"_ _1\"></span>iscussi<span class=\"_ _1c\"></span>on pap<span class=\"_ _1\"></span>er n. 1/<span class=\"_ _1c\"></span>2022 \u201cImp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment <span class=\"_ _1\"></span>test <span class=\"_ _1\"></span>dei no<span class=\"_ _1\"></span>n fi<span class=\"_ _1\"></span>nanci<span class=\"_ _1\"></span>al<span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls11 ws6c\">as<span class=\"_ _0\"></span>sets (IAS 36) a seguito </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws13d gs620\">della guerr<span class=\"_ _0\"></span>a in Ucraina\u201d pubblicat<span class=\"_ _0\"></span>o il 29 giugno 2022 dall\u2019<span class=\"_ _0\"></span>Organismo It<span class=\"_ _0\"></span>aliano di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws78 gs621\">Valu<span class=\"_ _1\"></span>tazion<span class=\"_ _1\"></span>e (\u201cOIV\u201d<span class=\"_ _1\"></span>), c<span class=\"_ _1\"></span>he rip<span class=\"_ _1\"></span>rende i<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>enuti<span class=\"_ _1\"></span> Publi<span class=\"_ _1\"></span>c State<span class=\"_ _1\"></span>ment d<span class=\"_ _1c\"></span>el 13 magg<span class=\"_ _1\"></span>io 2<span class=\"_ _1\"></span>022 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs622\">dell\u2019ESM<span class=\"_ _0\"></span>A (oggetto del Richiamo di attenzione di Consob del 19 mag<span class=\"ls1c ws26\">gio <span class=\"_ _1\"></span>2022)<span class=\"_ _1\"></span> e fo<span class=\"_ _1\"></span>rnisce<span class=\"_ _4ac\"> </span></span><span class=\"ls1c ws26\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws142 gs624\">indicazioni opera<span class=\"_ _0\"></span>tive per trattare l\u2019incertezza dell\u2019attu<span class=\"_ _0\"></span>ale contesto nell\u2019ambito </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs625\">dell\u2019ev<span class=\"_ _1c\"></span>entuale es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1\"></span>o dell\u2019imp<span class=\"_ _1\"></span>airm<span class=\"_ _1\"></span>ent test<span class=\"_ _1\"></span><span class=\"ls1 ws1\">; </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs626\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws104\">il d<span class=\"_ _1\"></span>ocum<span class=\"_ _1\"></span>ento \u201c<span class=\"_ _1\"></span>Rec<span class=\"_ _1\"></span>ommend<span class=\"_ _1c\"></span>ations<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> <span class=\"ls30 ws6d\">on A<span class=\"_ _1\"></span>ccou<span class=\"_ _1\"></span>nting<span class=\"_ _1\"></span> for G<span class=\"_ _1\"></span>oodwi<span class=\"_ _1\"></span>ll\u201d e<span class=\"_ _1\"></span>messo<span class=\"_ _1\"></span> da<span class=\"_ _1\"></span>ll\u2019Inte<span class=\"_ _1c\"></span>rnationa<span class=\"_ _1\"></span>l </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wse7 gs627\">Orga<span class=\"_ _1\"></span>nizati<span class=\"_ _1c\"></span>on of Sec<span class=\"_ _1c\"></span>urities C<span class=\"_ _1c\"></span>ommissi<span class=\"_ _1\"></span>ons (\u201c<span class=\"_ _1\"></span>IOS<span class=\"_ _1\"></span>CO\u201d <span class=\"ls1 ws1\">- <span class=\"_ _86\"></span><span class=\"lsf ws90\">organi<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne inte<span class=\"_ _1\"></span>rnaz<span class=\"_ _1\"></span>ional<span class=\"_ _1\"></span>e che<span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs628\">riunisce le<span class=\"_ _0\"></span> Autorit\u00e0 di Vigilan<span class=\"_ _0\"></span>za sui mercati fin<span class=\"_ _0\"></span>anziari) del dicem<span class=\"_ _0\"></span>bre 2023, richiamato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws6e gs629\">anche<span class=\"_ _0\"></span> da Conso<span class=\"_ _0\"></span>b, contenente<span class=\"_ _0\"></span> r<span class=\"ls0 ws76\">accomandazioni su<span class=\"_ _0\"></span>lla contabilizzazione de<span class=\"_ _0\"></span>ll\u2019avviamento </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs62a\">destinate agli emittent<span class=\"_ _0\"></span>i, agli audit committee (ai responsabili delle attivit\u00e0 di govern<span class=\"_ _0\"></span>ance </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs62b\">dell\u2019impre<span class=\"_ _0\"></span>sa) e ai revisori legali. Le raccom<span class=\"_ _0\"></span>andazioni intendono contribuire a migliorare </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsd5 gs62c\">l\u2019affidabilit\u00e0,<span class=\"_ _0\"></span> la<span class=\"ls1 ws1\">  </span>fed<span class=\"_ _1\"></span>ele<span class=\"_ _0\"></span> rappresentazione e la trasparenza dell\u2019<span class=\"_ _0\"></span>informativa finanz<span class=\"_ _0\"></span>iaria </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs62d\">sull\u2019av<span class=\"_ _0\"></span>viamento cos\u00ec come contabilizzato e ra<span class=\"_ _0\"></span>ppresentato nei bilanci.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs62f\">Ai fini del tes<span class=\"_ _0\"></span>t di impairment, gi\u00e0 ogget<span class=\"_ _0\"></span>to di analisi da parte del Comit<span class=\"_ _0\"></span>ato Controlli, Risch<span class=\"_ _0\"></span>i e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs630\">Sostenibilit\u00e0 e<span class=\"_ _0\"></span> di successiva approv<span class=\"_ _0\"></span>azione da parte del Consiglio di Ammin<span class=\"_ _0\"></span>istrazione di Anima </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs631\">Holding in dat<span class=\"_ _0\"></span>a 4 febbraio 2026, il Gruppo Anima ha utilizzato<span class=\"_ _0\"></span> il<span class=\"ls1 ws1\"> <span class=\"lse ws16\">metodo del valore d\u2019u<span class=\"_ _0\"></span>so per la </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs632\">verific<span class=\"_ _0\"></span>a della recuperabilit\u00e0 dell\u2019<span class=\"_ _0\"></span>avviamento e delle<span class=\"_ _0\"></span> altre attivit\u00e0 imm<span class=\"_ _0\"></span>ateriali a vita utile de<span class=\"_ _0\"></span>finita, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsbd gs633\">ten<span class=\"_ _1\"></span>endo <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>to anc<span class=\"_ _1c\"></span>he di<span class=\"_ _1\"></span> quant<span class=\"_ _1c\"></span>o sopra<span class=\"_ _1\"></span> rip<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>ato i<span class=\"_ _1\"></span>n me<span class=\"_ _1\"></span>rito<span class=\"_ _1\"></span> all<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ccoma<span class=\"_ _1c\"></span>ndazi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>ell\u2019E<span class=\"_ _1\"></span>SMA<span class=\"_ _1\"></span> e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws27 gs634\">dell\u2019OI<span class=\"_ _1c\"></span>V.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs635\">Al fine dello svolgimento dell\u2019<span class=\"ff5 ls11 ws5\">im<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ff5 ls38 ws77\">te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t <span class=\"_ _13\"></span></span></span>come disciplinato dallo IAS 36, il Gruppo Anima </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs636\">ha utilizzato<span class=\"_ _0\"></span> il metodo del valore d\u2019uso e<span class=\"_ _0\"></span> le assunzioni aggiorna<span class=\"_ _0\"></span>te che riflettono gli svilu<span class=\"_ _0\"></span>ppi pi\u00f9 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs637\">recent<span class=\"_ _0\"></span>i e le ultime informazioni disponibili.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs638\">Metod<span class=\"_ _1c\"></span>o: Valore<span class=\"_ _1\"></span> d\u2019us<span class=\"_ _1\"></span>o (<span class=\"ff5 ls41 ws315\">Va<span class=\"_ _d\"></span>l<span class=\"_ _1c\"></span>ue<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _d\"></span>n use<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\">) </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs639\">Il valore d\u2019u<span class=\"_ _0\"></span>so \u00e8 determinato attraver<span class=\"_ _0\"></span>so la stima del valore attu<span class=\"_ _0\"></span>ale dei flussi fin<span class=\"_ _0\"></span>anziari futuri che </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsa7 gs63a\">si prevede possano essere generati dalla CGU Anima. Il valore di un\u2019attivit\u00e0 \u00e8 calcolato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs63b\">attraver<span class=\"_ _0\"></span>so l\u2019attualizzazione dei flussi finanziari comprensivi de<span class=\"_ _0\"></span><span class=\"ls31 ws9d\">l valor<span class=\"_ _0\"></span>e termin<span class=\"_ _0\"></span>ale cal<span class=\"_ _0\"></span>colato<span class=\"_ _0\"></span> come </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs63c\">una <span class=\"_ _1\"></span>rendi<span class=\"_ _1\"></span>ta p<span class=\"_ _1\"></span>erpe<span class=\"_ _1c\"></span>tua st<span class=\"_ _1\"></span>imata<span class=\"_ _1\"></span> in b<span class=\"_ _1\"></span>ase a<span class=\"_ _1\"></span>d u<span class=\"_ _1\"></span>n fl<span class=\"_ _1\"></span>usso <span class=\"_ _1\"></span>norma<span class=\"_ _1\"></span>lizz<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span> eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte s<span class=\"_ _1c\"></span>ostenib<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs63d\">coer<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> con i<span class=\"_ _1\"></span>l tas<span class=\"_ _1\"></span>so sti<span class=\"_ _1c\"></span>mato di<span class=\"_ _1\"></span> cres<span class=\"_ _1\"></span>cita<span class=\"_ _1\"></span> di lu<span class=\"_ _1c\"></span>ngo te<span class=\"_ _1\"></span>rmine<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs63e\">Con l\u2019attualiz<span class=\"_ _0\"></span>zazione dei flussi di cassa s<span class=\"_ _0\"></span>i determina l\u2019<span class=\"ff5 ls38 wsae\">En<span class=\"_ _0\"></span>te<span class=\"_ _13\"></span>rpri<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> V<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>lue<span class=\"_ _13\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">della CGU.</span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs63f\">Il metodo di valutazione utiliz<span class=\"_ _0\"></span>zato ai fini della stima del Value in Use \u00e8 <span class=\"_ _1\"></span>il <span class=\"ff5 ls11 ws58\">D<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>s<span class=\"_ _13\"></span>h<span class=\"_ _0\"></span> F<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs640\">(\u201cDCF\u201d) r<span class=\"_ _0\"></span>iferito ai flussi di reddito della CGU Anima.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs641\">I flussi di cas<span class=\"_ _0\"></span>sa<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs642\">A norma dello<span class=\"_ _0\"></span> IAS 36, le pro<span class=\"_ _0\"></span>iezioni dei flussi fin<span class=\"_ _0\"></span>anziari attesi devono<span class=\"_ _0\"></span> basarsi sul pi\u00f9 recente </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse wsce gs643\">budget/<span class=\"_ _0\"></span>piano industr<span class=\"_ _0\"></span>iale appro<span class=\"_ _0\"></span>vato dal Gru<span class=\"_ _0\"></span>ppo Anima, nonch\u00e9<span class=\"_ _0\"></span> su presuppo<span class=\"_ _0\"></span>sti ragion<span class=\"_ _0\"></span>evoli e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs644\">dimostr<span class=\"_ _0\"></span>abili in grado di rappresentare la m<span class=\"_ _0\"></span>igliore stima<span class=\"_ _0\"></span> delle condizio<span class=\"ls35 ws107\">ni e<span class=\"_ _0\"></span>conomich<span class=\"_ _0\"></span>e futur<span class=\"_ _0\"></span>e, </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws114 gs645\">attes<span class=\"_ _1c\"></span>e lung<span class=\"_ _1\"></span>o la <span class=\"_ _1\"></span>resta<span class=\"_ _1\"></span>nte v<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span> util<span class=\"_ _1c\"></span>e delle<span class=\"_ _1\"></span> attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0. Pe<span class=\"_ _1\"></span>r la<span class=\"_ _1\"></span> dete<span class=\"_ _1\"></span>rmina<span class=\"_ _1\"></span>zion<span class=\"_ _1c\"></span>e del <span class=\"ff5 ls51 ws44f\">Va<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> i<span class=\"_ _1c\"></span>n us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"ff1 ls1d wsda\">al 31 </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs646\">dicembre 2025,<span class=\"_ _0\"></span> le stime prospettiche de<span class=\"_ _0\"></span>i flussi di cassa generat<span class=\"_ _0\"></span>i dalla CGU Anima sono<span class=\"_ _0\"></span> state </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs647\">sviluppate a part<span class=\"_ _0\"></span>ire dalle proiezioni econom<span class=\"ls3d wsc4\">ico<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"ls1d wsc0\">fin<span class=\"_ _0\"></span>anziar<span class=\"_ _0\"></span>ie 2026</span>-<span class=\"_ _0\"></span><span class=\"ls30 ws84\">202<span class=\"_ _1\"></span>8 (\u201c<span class=\"_ _1\"></span>Proiezi<span class=\"_ _1c\"></span>oni\u201d o \u201c<span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs648\">Base\u201d), approv<span class=\"_ _0\"></span>ate dal Consiglio di Amministraz<span class=\"_ _0\"></span>ione della Societ\u00e0 in data 26 settembre 2025.<span class=\"_ _0\"></span> Tali </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws190 gs649\">valori sono<span class=\"_ _0\"></span> stati opportunamente esaminati su<span class=\"_ _0\"></span>lla base di presuppo<span class=\"_ _0\"></span>sti ragionevoli e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs64a\">dimostr<span class=\"_ _0\"></span>abili, al fine di<span class=\"ls1 ws1\"> <span class=\"ls30 ws84\">riflette<span class=\"_ _1\"></span>re i ris<span class=\"_ _1c\"></span>ultati <span class=\"_ _1\"></span>nel fra<span class=\"_ _1c\"></span>ttempo <span class=\"_ _1\"></span>consu<span class=\"_ _1\"></span>ntiva<span class=\"_ _1\"></span>ti e s<span class=\"_ _1\"></span>volg<span class=\"_ _1\"></span>endo l<span class=\"_ _1\"></span>e opp<span class=\"_ _1\"></span>ortu<span class=\"_ _1\"></span>ne </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws6b gs64b\">anal<span class=\"_ _1\"></span>isi d<span class=\"_ _1\"></span>i sens<span class=\"_ _1\"></span>itiv<span class=\"_ _1\"></span>it\u00e0 v<span class=\"_ _1\"></span>olte<span class=\"_ _1\"></span> ad ap<span class=\"_ _1\"></span>prez<span class=\"_ _1\"></span>zare <span class=\"_ _1c\"></span>eventua<span class=\"_ _1\"></span>li i<span class=\"_ _1\"></span>mpatti<span class=\"_ _1c\"></span>, sulle a<span class=\"_ _1c\"></span>ssunzi<span class=\"_ _1\"></span>oni so<span class=\"_ _1c\"></span>ttosta<span class=\"_ _1\"></span>nti le<span class=\"_ _1\"></span> stim<span class=\"_ _1c\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws275 gs64c\">effettuate,<span class=\"_ _0\"></span> derivanti dall\u2019incerte<span class=\"_ _0\"></span>zza e la volatilit\u00e0 che caratterizza l\u2019attu<span class=\"_ _0\"></span>ale<span class=\"ls1 ws1\"> <span class=\"_ _2b7\"> </span><span class=\"ls31 ws5c\">contes<span class=\"_ _0\"></span>to </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsb2 gs64d\">macro<span class=\"_ _1\"></span>eco<span class=\"_ _1\"></span>nomic<span class=\"_ _1\"></span>o e di <span class=\"_ _1\"></span>settor<span class=\"_ _1\"></span>e, svi<span class=\"_ _1\"></span>luppa<span class=\"_ _1\"></span>ndo o<span class=\"_ _1\"></span>pport<span class=\"_ _1\"></span>uni sc<span class=\"_ _1\"></span>enari <span class=\"_ _1\"></span>peggi<span class=\"_ _1c\"></span>orativi<span class=\"_ _1\"></span> che in<span class=\"_ _1\"></span>corpo<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs64e\">anche specifiche<span class=\"_ _0\"></span> considerazioni legate al <span class=\"ff5 ls11 ws19\">c<span class=\"_ _0\"></span>lim<span class=\"_ _13\"></span>ate<span class=\"_ _11\"></span> c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> ris<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span><span class=\"ff5 ls11 ws19\"><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs650\">Tasso di attualizza<span class=\"_ _0\"></span>zione<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs651\">Nel determinare il <span class=\"ff5 ls51 ws66\">V<span class=\"_ _0\"></span>a<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>ue<span class=\"_ _13\"></span> i<span class=\"_ _1\"></span>n us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span><span class=\"ff1 ls0 wsb9\">, i flussi finanziari devono essere attualizzat<span class=\"_ _0\"></span>i ad un tasso che </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs652\">incorpori s<span class=\"_ _0\"></span>ia il valore temporale del denaro<span class=\"_ _0\"></span> che i rischi propri dell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 svolta. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsa1 gs653\">Il tass<span class=\"_ _1c\"></span>o di attual<span class=\"_ _1\"></span>izzaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e \u00e8 sta<span class=\"_ _1\"></span>to det<span class=\"_ _1\"></span>ermina<span class=\"_ _1c\"></span>to in base<span class=\"_ _1\"></span> alla m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>a del c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>medio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws106 gs654\">pond<span class=\"_ _1\"></span>erato d<span class=\"_ _1c\"></span>el capita<span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>(<span class=\"ff5 ls40 ws12e\">W<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>i<span class=\"_ _1c\"></span>ghte<span class=\"_ _13\"></span>d A<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>ge<span class=\"_ _0\"></span> Cos<span class=\"_ _0\"></span>t of Capi<span class=\"_ _d\"></span>tal<span class=\"_ _1c\"></span> <span class=\"ff1 ls1 ws1\">- <span class=\"_ _15\"> </span><span class=\"ls11 ws12b\">\u201cWACC\u201d). Il WACC consente di </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs655\">individuare il t<span class=\"_ _0\"></span>asso rappresentativo<span class=\"_ _0\"></span> del costo medio ponderato del capit<span class=\"_ _0\"></span>ale ed esprime<span class=\"_ _0\"></span> la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs656\">remunerazione<span class=\"_ _0\"></span> richiesta dagli invest<span class=\"_ _0\"></span>itori per un\u2019opera<span class=\"_ _0\"></span>zione di acquisto<span class=\"_ _0\"></span>, a normali condizion<span class=\"_ _0\"></span>i di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gs657\">merca<span class=\"_ _1\"></span>to, di u<span class=\"_ _1\"></span>n\u2019attiv<span class=\"_ _1\"></span>it\u00e0 si<span class=\"_ _1\"></span>mile ri<span class=\"_ _1\"></span>spett<span class=\"_ _1\"></span><span class=\"ls11 ws29\">o a quella oggetto di valutazione.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs658\">In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, i<span class=\"_ _1\"></span>l WAC<span class=\"_ _1\"></span>C <span class=\"ls1 ws1\">\u00e8 <span class=\"lsf ws1f\">sta<span class=\"_ _1c\"></span>to calc<span class=\"_ _1c\"></span>olato ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cand<span class=\"_ _1\"></span>o la s<span class=\"_ _1\"></span>egue<span class=\"_ _1\"></span>nte f<span class=\"_ _1\"></span>orm<span class=\"_ _1\"></span>ula: <span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws29 gs659\">WACC=Ke * (E/(D+E)) + Kd * (D/(D+E)) * (1<span class=\"ls1 ws1\">-</span><span class=\"ws5\">t) <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls42 ws2 gs65a\">Dove:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls11 ws5 gs65b\">Kd= <span class=\"ff1 lse ws16\">costo del<span class=\"_ _0\"></span> debito<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls11 ws29 gs65c\">(E/(D+E) e (D/(D+E)<span class=\"ff1\">: rappresenta la struttura finanziaria in termini di combinazione di capitale <span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws29 gs65d\">(E: Equity) e debito (D: Debt). <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws90 gs65e\">Tenu<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>ella<span class=\"_ _1\"></span> spec<span class=\"_ _1\"></span>ifica<span class=\"_ _1\"></span> stru<span class=\"_ _1\"></span>ttura<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1c\"></span>ria del G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1c\"></span>ma, cont<span class=\"_ _1\"></span>radd<span class=\"_ _1\"></span>isti<span class=\"_ _1\"></span>nta d<span class=\"_ _1\"></span>a una<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws8e gs65f\">posi<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> finanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>tta ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rese<span class=\"_ _1\"></span>ntata<span class=\"_ _1\"></span> da ca<span class=\"_ _1c\"></span>ssa, il<span class=\"_ _1\"></span> WAC<span class=\"_ _1\"></span>C de<span class=\"_ _1c\"></span>termina<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span>l ma<span class=\"_ _1c\"></span>nageme<span class=\"_ _1\"></span>nt d<span class=\"_ _1\"></span>ella<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws84 gs660\">Socie<span class=\"_ _1c\"></span>t\u00e0 risul<span class=\"_ _1\"></span>ta pari<span class=\"_ _1\"></span> al c<span class=\"_ _1\"></span>osto d<span class=\"_ _1\"></span>el capi<span class=\"_ _1\"></span>tale p<span class=\"_ _1c\"></span>roprio (<span class=\"_ _1\"></span>Ke), <span class=\"_ _1\"></span>metod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>a ut<span class=\"ls0 ws76\">ilizzata dal Gruppo Anima </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs661\">nei pre<span class=\"_ _1\"></span>cedenti<span class=\"_ _1\"></span> esercizi<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws16 gs662\">Perta<span class=\"_ _0\"></span>nto: <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws2 gs663\">Ke<span class=\"ff1 ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ff16 ls1e4 ws450\">=<span class=\"_ _13\"></span> <span class=\"_ _1c\"></span>R<span class=\"_ _0\"></span>f<span class=\"_ _13\"></span> <span class=\"_ _d\"></span>+<span class=\"_ _13\"></span> <span class=\"_ _1c\"></span>\u03b2<span class=\"_ _13\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls0 ws5f\">* ERP rappresent<span class=\"_ _0\"></span>a il costo del capitale,<span class=\"_ _0\"></span> calcolato secondo il mo<span class=\"_ _0\"></span>dello del Capital Asset </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs664\">Pricing Model (\u201cCAPM\u201d), in base al quale il rendimento di un\u2019att<span class=\"_ _0\"></span>ivit\u00e0 rischiosa \u00e8 pari alla somma </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wse7 gs665\">tra u<span class=\"_ _1\"></span>n tass<span class=\"_ _1\"></span>o priv<span class=\"_ _1c\"></span>o di rischi<span class=\"_ _1c\"></span>o (Rf) ed<span class=\"_ _1\"></span> un ad<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ato pre<span class=\"_ _1\"></span>mio p<span class=\"_ _1\"></span>er il ri<span class=\"_ _1\"></span>schi<span class=\"_ _1c\"></span>o, determi<span class=\"_ _1c\"></span>nato in b<span class=\"_ _1\"></span>ase </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs666\">all\u2019indicato<span class=\"_ _0\"></span>re <span class=\"ff16 ls1 ws1\">\u03b2</span><span class=\"lsf ws17\">. In pa<span class=\"_ _1\"></span>rtic<span class=\"_ _1\"></span>olar<span class=\"_ _1\"></span>e:<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls1b ws26 gs667\">Rf<span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws76\">= tasso di rendimento delle attivit\u00e0 prive di rischio determinato come media degli ultimi 12 </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wsb5 gs668\">mesi d<span class=\"_ _1\"></span>el rendi<span class=\"_ _1c\"></span>mento lor<span class=\"_ _1\"></span>do men<span class=\"_ _1\"></span>sile del<span class=\"_ _1\"></span> BTP I<span class=\"_ _1\"></span>tali<span class=\"_ _1\"></span>a decen<span class=\"_ _1\"></span>nale (<span class=\"_ _1\"></span>Banca d<span class=\"_ _1\"></span>\u2019Ital<span class=\"_ _1\"></span>ia, di<span class=\"_ _1\"></span>cembre <span class=\"_ _1\"></span>2025) p<span class=\"_ _1\"></span>ari </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws85 gs669\">al 3,5<span class=\"_ _0\"></span>7% (3,7<span class=\"_ _0\"></span>1% al<span class=\"_ _0\"></span> 31 dicem<span class=\"_ _0\"></span>bre 202<span class=\"_ _0\"></span>4); <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls4d ws85 gs66a\">ERP<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls30 ws84\">= extra<span class=\"_ _1\"></span> rendi<span class=\"_ _1\"></span>mento med<span class=\"_ _1\"></span>io d<span class=\"_ _1\"></span>el merca<span class=\"_ _1c\"></span>to (<span class=\"ff5 ls11 ws141\">E<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>iu<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span></span><span class=\"lsf ws6e\">), dete<span class=\"_ _1c\"></span>rminato<span class=\"_ _1c\"></span> sulla b<span class=\"_ _1\"></span>ase<span class=\"_ _1\"></span> del<span class=\"_ _1c\"></span> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs66b\">differenz<span class=\"_ _0\"></span>iale di rendimento di lun<span class=\"_ _0\"></span>go periodo tra i titoli azion<span class=\"_ _0\"></span>ari e obbligazionar<span class=\"_ _0\"></span>i. Nell\u2019esercizio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsc8 gs66c\">2025 <span class=\"_ _1\"></span>\u00e8 stat<span class=\"_ _1\"></span>o fatto ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>iment<span class=\"_ _1\"></span>o alle s<span class=\"_ _1\"></span>time f<span class=\"_ _1\"></span>orni<span class=\"_ _1\"></span>te da A. D<span class=\"_ _1\"></span>amoda<span class=\"_ _1c\"></span>ran, ed i<span class=\"_ _1\"></span>n partic<span class=\"_ _1c\"></span>olare \u00e8 sta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs66d\">considerato<span class=\"_ _0\"></span> il valore medio<span class=\"_ _0\"></span> tra i<span class=\"ls30 wsaa\">l para<span class=\"_ _1\"></span>metr<span class=\"_ _1\"></span>o massi<span class=\"_ _1\"></span>mo e mi<span class=\"_ _1\"></span>nimo s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>ti per i<span class=\"_ _1\"></span>l peri<span class=\"_ _1c\"></span>odo 201<span class=\"_ _1\"></span>5<span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws105 gs66e\">2025<span class=\"_ _1\"></span>. L\u2019ER<span class=\"_ _1\"></span>P s<span class=\"_ _1c\"></span>timato d<span class=\"_ _1\"></span>a D<span class=\"_ _1\"></span>amod<span class=\"_ _1\"></span>aran <span class=\"_ _1\"></span>ha m<span class=\"_ _1\"></span>ostr<span class=\"_ _1\"></span>ato u<span class=\"_ _1\"></span>n and<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>ecr<span class=\"_ _1\"></span>escen<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span>l 6,<span class=\"_ _1\"></span>12% d<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws102 gs66f\">dice<span class=\"_ _0\"></span>mbre 20<span class=\"_ _0\"></span>15 al 4,23%<span class=\"_ _0\"></span> di fine<span class=\"_ _0\"></span> 2025. Per<span class=\"_ _0\"></span>tanto<span class=\"_ _0\"></span>, line<span class=\"_ _0\"></span>a co<span class=\"ls32 wse1\">n<span class=\"_ _0\"></span> le r<span class=\"_ _0\"></span>acc<span class=\"_ _0\"></span>oman<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i fo<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span> da E<span class=\"_ _0\"></span>SMA<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9e gs670\">dove si r<span class=\"_ _0\"></span>ibadisce agli emittent<span class=\"_ _0\"></span>i di tenere in<span class=\"_ _0\"></span> considerazione il risch<span class=\"_ _0\"></span>io legato alla m<span class=\"_ _0\"></span>aggiore </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs671\">ince<span class=\"_ _1\"></span>rtezz<span class=\"_ _1\"></span>a s<span class=\"_ _1\"></span>ui me<span class=\"_ _1\"></span>rcati<span class=\"_ _1\"></span>, il<span class=\"_ _1\"></span> Grupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma ha<span class=\"_ _1c\"></span> fatto ri<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>o ad un E<span class=\"_ _1\"></span>RP p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span>l 5,2<span class=\"_ _1\"></span>0%. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws85 gs672\">Si seg<span class=\"_ _1\"></span>nala ch<span class=\"_ _1\"></span>e nell\u2019<span class=\"_ _1\"></span>eserci<span class=\"_ _1\"></span>zio pr<span class=\"_ _1\"></span>ecede<span class=\"_ _1\"></span>nte era sta<span class=\"_ _1\"></span>to inve<span class=\"_ _1\"></span>ce cons<span class=\"_ _1\"></span>iderat<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>arame<span class=\"_ _1\"></span>tro ERP p<span class=\"_ _1\"></span>ari al<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs673\">5,50%, in line<span class=\"_ _0\"></span>a con le osservazioni mediamente applicabili dalla prass<span class=\"_ _0\"></span>i profession<span class=\"_ _0\"></span>ale;<span class=\"_ _4ac\"> </span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffd fs0 fc0 sc0 ls1 ws1 gs675\">\u03b2<span class=\"ff1\">  <span class=\"ls0 wsc6\">(B<span class=\"_ _0\"></span>eta)= fattore di corr<span class=\"_ _0\"></span>elazione tra il re<span class=\"_ _0\"></span>ndimento effettivo di un<span class=\"_ _0\"></span>\u2019azione e il rendim<span class=\"_ _0\"></span>ento </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs676\">compless<span class=\"_ _0\"></span>ivo del mercato di riferimento<span class=\"_ _0\"></span> (misura della volatilit\u00e0 di un<span class=\"_ _0\"></span> titolo rispetto al mercato), </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws136 gs3ef\">determi<span class=\"_ _0\"></span>nato considerando<span class=\"_ _0\"></span> il beta <span class=\"ff5 ls54 ws15f\">l<span class=\"_ _d\"></span>eve<span class=\"_ _1\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"ls30 wsaa\">di Ani<span class=\"_ _1\"></span>ma Holdi<span class=\"_ _1c\"></span>ng con un peri<span class=\"_ _1\"></span>odo di os<span class=\"_ _1\"></span>servaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs677\">quinq<span class=\"_ _1\"></span>uennal<span class=\"_ _1\"></span>e e un<span class=\"_ _1\"></span>a fre<span class=\"_ _1\"></span>quenza d<span class=\"_ _1\"></span>i ril<span class=\"_ _1\"></span>evazio<span class=\"_ _1\"></span>ne se<span class=\"_ _1\"></span>ttima<span class=\"_ _1\"></span>nale, p<span class=\"_ _1\"></span>ari a <span class=\"_ _1\"></span>1 (1,15<span class=\"_ _1\"></span> al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>24).<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs678\">Ai fini del calco<span class=\"_ _0\"></span>lo del terminal value viene ut<span class=\"_ _0\"></span>ilizzato un tasso di crescita in<span class=\"_ _0\"></span> <span class=\"ff5 ls38 ws77\">pe<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ity <span class=\"_ _11\"></span></span>in linea </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs679\">con l<span class=\"_ _1\"></span>e stim<span class=\"_ _1\"></span>e di i<span class=\"_ _1\"></span>nflazi<span class=\"_ _1\"></span>one e d<span class=\"_ _1\"></span>i cr<span class=\"_ _1\"></span>escita d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>onsumi<span class=\"_ _1\"></span> attes<span class=\"_ _1\"></span>e di l<span class=\"_ _1\"></span>ungo p<span class=\"_ _1c\"></span>eriodo fo<span class=\"_ _1\"></span>rnit<span class=\"_ _1\"></span>e da au<span class=\"_ _1\"></span>torev<span class=\"_ _1\"></span>oli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1e3 gs67a\">fonti<span class=\"_ _1\"></span> ester<span class=\"_ _1\"></span>ne (F<span class=\"_ _1\"></span>ondo M<span class=\"_ _1\"></span>oneta<span class=\"_ _1\"></span>rio I<span class=\"_ _1\"></span>nterna<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nale, P<span class=\"_ _1\"></span>rome<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>eia,<span class=\"_ _1\"></span> BCE, O<span class=\"_ _1\"></span>xfo<span class=\"_ _1\"></span>rd Eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>cs e Ba<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gs67b\">d\u2019Italia). <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs67c\">Sulla<span class=\"_ _1\"></span> bas<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>e fo<span class=\"_ _1\"></span>nti so<span class=\"_ _1c\"></span>pra ripo<span class=\"_ _1\"></span>rtat<span class=\"_ _1\"></span>e, te<span class=\"_ _1\"></span>nuto c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>o del <span class=\"_ _1\"></span>tasso d<span class=\"_ _1c\"></span>i inflaz<span class=\"_ _1\"></span>ione <span class=\"_ _1\"></span>targ<span class=\"_ _1\"></span>et fis<span class=\"_ _1\"></span>sato<span class=\"_ _1\"></span> da BC<span class=\"_ _1\"></span>E </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs67d\">nel m<span class=\"_ _0\"></span>edio<span class=\"ls1 ws1\">-<span class=\"ls30 ws93\">lung<span class=\"_ _1c\"></span>o period<span class=\"_ _1\"></span>o per l\u2019A<span class=\"_ _1c\"></span>rea Euro<span class=\"_ _1\"></span>, il tas<span class=\"_ _1c\"></span>so di cresci<span class=\"_ _1c\"></span>ta di lung<span class=\"_ _1c\"></span>o periodo si<span class=\"_ _1\"></span> coll<span class=\"_ _1\"></span>oca in <span class=\"_ _1\"></span>un </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs67e\">rang<span class=\"_ _1\"></span>e tra l<span class=\"_ _1\"></span>\u20191,9<span class=\"_ _1\"></span>% e il 2<span class=\"_ _1c\"></span>,1%. Il G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Anima<span class=\"_ _1\"></span> ha <span class=\"_ _1\"></span>deciso<span class=\"_ _1\"></span> di ad<span class=\"_ _1\"></span>ot<span class=\"lsf ws1f\">ta<span class=\"_ _1\"></span>re un <span class=\"_ _1\"></span>tass<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>cresci<span class=\"_ _1c\"></span>ta pari a<span class=\"_ _1\"></span>l 2<span class=\"_ _1\"></span>%.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws108 gs67f\">Acca<span class=\"_ _0\"></span>nto allo \u201c<span class=\"_ _0\"></span>Scenari<span class=\"_ _0\"></span>o Base\u201d ri<span class=\"_ _0\"></span>tenuto ma<span class=\"_ _0\"></span>ggiorme<span class=\"_ _0\"></span>nte prob<span class=\"_ _0\"></span>abile, son<span class=\"_ _0\"></span>o stat<span class=\"_ _0\"></span>i elaborat<span class=\"_ _0\"></span>i uno </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws84 gs680\">scena<span class=\"_ _1c\"></span>rio migl<span class=\"_ _1\"></span>iorati<span class=\"_ _1\"></span>vo (c<span class=\"_ _1c\"></span>d \u201cScena<span class=\"_ _1\"></span>rio <span class=\"_ _1\"></span>Favor<span class=\"_ _1\"></span>evole\u201d<span class=\"_ _1c\"></span>) ed u<span class=\"_ _1\"></span>no peg<span class=\"_ _1\"></span>giora<span class=\"_ _1\"></span>tivo (<span class=\"_ _1c\"></span>cd \u201cSc<span class=\"_ _1\"></span>enari<span class=\"_ _1c\"></span>o Avvers<span class=\"_ _1\"></span>o\u201d), a<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs681\">cui sono state asse<span class=\"_ _0\"></span>gnate le seguenti rispettive probabilit<span class=\"_ _0\"></span>\u00e0 di accadiment<span class=\"ls1d wsff\">o: 50%<span class=\"_ _0\"></span> Scenar<span class=\"_ _0\"></span>io Base, </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs682\">30% <span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio Av<span class=\"_ _1\"></span>vers<span class=\"_ _1\"></span>o e 20% <span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio f<span class=\"_ _1\"></span>avore<span class=\"_ _1\"></span>vole<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs683\">Si riporta un<span class=\"_ _0\"></span>a sintesi delle principali assun<span class=\"_ _0\"></span>zioni alla base dei due Scenari Altern<span class=\"_ _0\"></span>ativi.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls42 ws5 gs684\">Scenario Avverso<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws18b gs685\">Lo Sc<span class=\"_ _1\"></span>enario<span class=\"_ _1c\"></span> Avvers<span class=\"_ _1\"></span>o \u00e8 sta<span class=\"_ _1\"></span>to pred<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>osto co<span class=\"_ _1\"></span>nside<span class=\"_ _1\"></span>rand<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>eggiora<span class=\"_ _1c\"></span>mento si<span class=\"_ _1\"></span>mul<span class=\"_ _1\"></span>taneo <span class=\"_ _1\"></span>di di<span class=\"_ _1\"></span>vers<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs686\">grandezze<span class=\"_ _0\"></span> rispetto alle Proiezioni, in part<span class=\"_ _0\"></span>icolare sono state previste<span class=\"_ _0\"></span>:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs687\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita infer<span class=\"_ _0\"></span>iore degli AUM attesi nel 2028 di circa </span>-<span class=\"ls1d ws2b\">5%;</span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs688\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita delle<span class=\"_ _0\"></span> commissioni nette pi\u00f9 contenuta (r<span class=\"_ _0\"></span>iduzione del CAGR 25</span>-<span class=\"ls1d ws85\">28 di </span>-<span class=\"ls1c ws27\">1,7%);<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs689\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">commissioni di performance dime<span class=\"_ _0\"></span>zzate rispetto alle att<span class=\"_ _0\"></span>ese delle Proiezioni;</span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs68a\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">costi operativi comple<span class=\"_ _0\"></span>ssivamente in linea con quanto<span class=\"_ _0\"></span> atteso;</span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs68b\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">flessione degli ut<span class=\"_ _0\"></span>ili attesi stimati nel 2028 di circa </span>-<span class=\"ls1d ws2b\">17%<span class=\"_ _0\"></span>;</span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs68c\">Scena<span class=\"_ _1\"></span>rio Fa<span class=\"_ _1\"></span>vorev<span class=\"_ _1c\"></span>ole<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsb2 gs68d\">Lo Sc<span class=\"_ _1\"></span>enari<span class=\"_ _1\"></span>o Fav<span class=\"_ _1\"></span>orevol<span class=\"_ _1c\"></span>e \u00e8 sta<span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>edisp<span class=\"_ _1\"></span>osto c<span class=\"_ _1c\"></span>onsidera<span class=\"_ _1\"></span>ndo <span class=\"_ _1\"></span>un mig<span class=\"_ _1\"></span>liora<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o sim<span class=\"_ _1\"></span>ulta<span class=\"_ _1\"></span>neo di<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs68e\">diverse gr<span class=\"_ _0\"></span>andezze rispetto ai dati prevision<span class=\"_ _0\"></span>ali, prevedendo in part<span class=\"_ _0\"></span>icolare:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs68f\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws1f\">una<span class=\"_ _1\"></span> cres<span class=\"_ _1\"></span>cita p<span class=\"_ _1\"></span>i\u00f9 s<span class=\"_ _1\"></span>oste<span class=\"_ _1\"></span>nuta<span class=\"_ _1\"></span> degl<span class=\"_ _1\"></span>i AUM d<span class=\"_ _1c\"></span>i circa i<span class=\"_ _1\"></span>l 2%<span class=\"_ _1c\"></span>;<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs690\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws28\">un</span> <span class=\"_ _11\"></span><span class=\"ls35 ws114\">incremen<span class=\"_ _0\"></span>to pi\u00f9 soste<span class=\"_ _0\"></span>nuto<span class=\"_ _0\"></span> delle commiss<span class=\"_ _0\"></span>ioni nette<span class=\"_ _0\"></span> (increm<span class=\"_ _0\"></span>ento del CAG<span class=\"_ _0\"></span>R 25</span>-<span class=\"ls1c ws155\">28 d<span class=\"_ _1\"></span>i </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws2b gs691\">+0,<span class=\"_ _0\"></span>2%);<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs692\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 wsfe\">commissioni di per<span class=\"_ _0\"></span>formance e costi operativi comples<span class=\"_ _0\"></span>sivamente in linea con qu<span class=\"_ _0\"></span>anto </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs693\">atteso n<span class=\"_ _0\"></span>elle Proie<span class=\"_ _0\"></span>zioni;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs694\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita degli utili ne<span class=\"_ _0\"></span>tti attesi del 1%.</span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws11a gs695\">Ai f<span class=\"_ _1\"></span>ini de<span class=\"_ _1\"></span>lla sti<span class=\"_ _1c\"></span>ma del V<span class=\"_ _1\"></span>alue i<span class=\"_ _1c\"></span>n Use del<span class=\"_ _1\"></span>la CG<span class=\"_ _1\"></span>U Ani<span class=\"_ _1\"></span>ma, c<span class=\"_ _1\"></span>oere<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e con q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to fa<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>nche<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs696\">dalla Capogru<span class=\"_ _0\"></span>ppo Banco BPM, la Societ\u00e0 ha sviluppato il meto<span class=\"_ _0\"></span>do DCF sulla base delle proiezioni </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws8e gs697\">econ<span class=\"_ _1\"></span>omic<span class=\"_ _1c\"></span>he/fina<span class=\"_ _1\"></span>nziar<span class=\"_ _1\"></span>ie <span class=\"_ _1\"></span>conte<span class=\"_ _1c\"></span>nute sia<span class=\"_ _1c\"></span> (i) nel<span class=\"_ _1\"></span>le P<span class=\"_ _1c\"></span>roiezi<span class=\"_ _1c\"></span>oni con<span class=\"_ _1\"></span> lo <span class=\"_ _1c\"></span>Scena<span class=\"ls0 wsae\">rio <span class=\"_ _1\"></span>Base, (ii) nello Scenario </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs698\">Avverso e<span class=\"_ _0\"></span> (iii) ne<span class=\"_ _0\"></span>llo Scenario F<span class=\"_ _0\"></span>avorevole.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs699\">I Val<span class=\"_ _1c\"></span>ue in us<span class=\"_ _1\"></span>e dete<span class=\"_ _1c\"></span>rminati<span class=\"_ _1\"></span>, risp<span class=\"_ _1c\"></span>etto all<span class=\"_ _1c\"></span>o Scena<span class=\"_ _1c\"></span>rio Bas<span class=\"_ _1\"></span>e, ha<span class=\"_ _1\"></span>nno <span class=\"_ _1\"></span>evid<span class=\"_ _1\"></span>enzi<span class=\"_ _1\"></span>ato:<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs69a\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls30 ws27\">Scena<span class=\"_ _1c\"></span>rio Avve<span class=\"_ _1\"></span>rso <span class=\"_ _1\"></span>un de<span class=\"_ _1\"></span>creme<span class=\"_ _1\"></span>nto di<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">-</span><span class=\"ls1c\">15,2%<span class=\"_ _1c\"></span>;<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs69b\">-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws1f\">Scena<span class=\"_ _1c\"></span>rio Fav<span class=\"_ _1c\"></span>orevole<span class=\"_ _1\"></span> un <span class=\"_ _1\"></span>incre<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to di<span class=\"_ _1\"></span> 0,7%.<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws131 gs69c\">Il Valu<span class=\"_ _1\"></span>e in Us<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>a CGU Ani<span class=\"_ _1c\"></span>ma \u00e8 stato i<span class=\"_ _1\"></span>nfine d<span class=\"_ _1c\"></span>etermina<span class=\"_ _1\"></span>to in f<span class=\"_ _1\"></span>unzi<span class=\"_ _1\"></span>one del v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e medio<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs69d\">ponderato<span class=\"_ _0\"></span> risultante dall\u2019applicazione<span class=\"_ _0\"></span> del metodo DCF<span class=\"_ _0\"></span> nei tre scenari sopr<span class=\"_ _0\"></span>a descritti, pes<span class=\"_ _0\"></span>ando </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs69e\">lo Sce<span class=\"_ _1c\"></span>nario Bas<span class=\"_ _1c\"></span>e al 50%<span class=\"_ _1c\"></span>, lo Sce<span class=\"_ _1\"></span>nario A<span class=\"_ _1\"></span>vvers<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>30% e l<span class=\"_ _1\"></span>o Sce<span class=\"_ _1\"></span>nari<span class=\"_ _1\"></span>o favo<span class=\"_ _1\"></span>rev<span class=\"ls1d ws85\">ole al 20%<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span><span class=\"ls1d ws85\"><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs6a0\">Esiti dell\u2019<span class=\"_ _0\"></span><span class=\"ff5 ls48 ws172\">i<span class=\"_ _d\"></span>mp<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>i<span class=\"_ _d\"></span>r<span class=\"_ _1c\"></span>ment<span class=\"_ _1c\"></span> t<span class=\"_ _1c\"></span>est<span class=\"_ _1c\"></span><span class=\"ff1 ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs6a1\">Gli esit<span class=\"_ _0\"></span>i dell\u2019<span class=\"ff5 ls11 wse1\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span></span>non hanno evidenziat<span class=\"_ _0\"></span>o perdite di valore degli avviam<span class=\"_ _0\"></span>enti e degli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs650\">intangibili a vit<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>ut<span class=\"_ _0\"></span>ile definita, sia nello scenario di riferimento che negli altri ipotizzati, con un </div><div class=\"t m0 h2 ff5 fs0 fc0 sc0 ls38 ws9f gs6a2\">re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ra<span class=\"_ _1c\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _13\"></span> a<span class=\"_ _1c\"></span>m<span class=\"_ _13\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws8b\">de<span class=\"_ _1\"></span>lla CGU Anima superiore al valore di <span class=\"ff5 ls39 ws451\">c<span class=\"_ _13\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _13\"></span>y<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _13\"></span> am<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span></span>e<span class=\"_ _0\"></span>videnziata nel </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsa0 gs6a3\">pres<span class=\"_ _1\"></span>ente B<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>ncio c<span class=\"_ _1\"></span>onso<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>to. Si p<span class=\"_ _1\"></span>recis<span class=\"_ _1\"></span>a in<span class=\"_ _1\"></span>oltr<span class=\"_ _1\"></span>e che il<span class=\"_ _1\"></span> test d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>airm<span class=\"_ _1\"></span>ent \u00e8 <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>tato s<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>rato<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gs6a4\">anch<span class=\"_ _0\"></span>e ponendo<span class=\"_ _0\"></span> il valore<span class=\"_ _0\"></span> recuper<span class=\"_ _0\"></span>abile<span class=\"_ _0\"></span> a confron<span class=\"_ _0\"></span>to con il<span class=\"_ _0\"></span> valore de<span class=\"_ _0\"></span>l patrimo<span class=\"_ _0\"></span>nio nett<span class=\"_ _0\"></span>o.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs6a5\">Nell\u2019ambito<span class=\"_ _0\"></span> delle analisi svolte, a fronte anche de<span class=\"_ _0\"></span>lle sopracitate raccoman<span class=\"_ _0\"></span>dazioni ESMA, si </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs6a6\">precis<span class=\"_ _0\"></span>a che ad oggi non si evidenziano im<span class=\"_ _0\"></span>patti rilevanti sul bu<span class=\"_ _0\"></span>siness e sulle prospettive fut<span class=\"_ _0\"></span>ure </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs6a7\">dell<span class=\"_ _1\"></span>a Soci<span class=\"_ _1\"></span>et\u00e0 e d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma in amb<span class=\"_ _1c\"></span>ito <span class=\"ff5 ls11 ws58\">c<span class=\"_ _0\"></span>lim<span class=\"_ _13\"></span>ate<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> ris<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span><span class=\"ff1 ls0 ws8c\">, anche in<span class=\"_ _0\"></span> considerazione della </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs6a8\">centralit<span class=\"_ _0\"></span>\u00e0 della strategia ESG<span class=\"_ _0\"></span> esistente a livello di Gr<span class=\"_ _0\"></span>uppo Anima come opportun<span class=\"_ _0\"></span>it\u00e0 di crescita </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls19 ws1 gs6a9\">del busine<span class=\"_ _1\"></span>ss.<span class=\"ls1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs6aa\">Si segnala che ai fin<span class=\"_ _0\"></span>i delle analisi di <span class=\"ff5 ls11 ws5\">s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\">: </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs6ab\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wsb9\">considerando<span class=\"_ _0\"></span> l\u2019utilizzo del tasso di attualizzaz<span class=\"_ _0\"></span>ione complessivo Ke al 10,76%, il v<span class=\"_ _0\"></span>alore<span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs6ac\">recup<span class=\"_ _1\"></span>erabil<span class=\"_ _1\"></span>e si rid<span class=\"_ _1c\"></span>uce del 1<span class=\"_ _1\"></span>9,78%<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs6ad\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws76\">considerando<span class=\"_ _0\"></span> l\u2019utilizzo del t<span class=\"_ _0\"></span>asso di crescit<span class=\"_ _0\"></span>a in perpetuit<span class=\"_ _0\"></span>y all\u20191%, il valore<span class=\"_ _0\"></span> recuperabile si </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs6ae\">riduc<span class=\"_ _1\"></span>e del 9,84%<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs6af\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws5f\">nel caso pi\u00f9 estremo dell\u2019analisi di sensit<span class=\"_ _0\"></span>ivit\u00e0 considerando congiuntamente l\u2019utilizzo<span class=\"_ _0\"></span> del </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs6b0\">tasso di attualizzazion<span class=\"_ _0\"></span>e complessivo Ke al 10,76% e del tasso di crescita in perpetuity </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs6b1\">all\u20191%, il valor<span class=\"_ _0\"></span>e recuperabile si riduce del 25,61%;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws9b gs6b2\">Nel co<span class=\"_ _1\"></span>ntes<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a proc<span class=\"_ _1\"></span>edura d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>airme<span class=\"_ _1\"></span>nt tes<span class=\"_ _1\"></span>t sopra d<span class=\"_ _1\"></span>escri<span class=\"_ _1c\"></span>tta, Ani<span class=\"_ _1\"></span>ma Holdi<span class=\"_ _1c\"></span>ng ha chies<span class=\"_ _1c\"></span>to al </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws59 gs383\">cons<span class=\"_ _1\"></span>ulent<span class=\"_ _1c\"></span>e indip<span class=\"_ _1\"></span>ende<span class=\"_ _1c\"></span>nte EY <span class=\"ls31 ws5c\">Advisoru<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span></span>S.p.A. (<span class=\"_ _1\"></span>\u201cEY\u201d<span class=\"_ _1\"></span>) di<span class=\"_ _1\"></span> pred<span class=\"_ _1\"></span>ispo<span class=\"_ _1\"></span>rre <span class=\"_ _1\"></span>una <span class=\"ff5 ls11 wscf\">fairn<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span> o<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>ion<span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls55 ws6b\">r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gs384\">alla determinazion<span class=\"_ _0\"></span>e del valore recuperabile della CGU Anima effettuat<span class=\"_ _0\"></span>a dalla Societ\u00e0. Le </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs385\">principali cons<span class=\"_ _0\"></span>iderazioni sulle analisi v<span class=\"_ _0\"></span>alutative condotte da Anima Holding, espresse da EY, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs386\">sono d<span class=\"_ _1\"></span>i seg<span class=\"_ _1c\"></span>uito rip<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>te:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs6b3\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws92\">il p<span class=\"_ _1\"></span>rocess<span class=\"_ _1c\"></span>o di impa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent t<span class=\"_ _1c\"></span>est svil<span class=\"_ _1\"></span>uppa<span class=\"_ _1c\"></span>to dalla<span class=\"_ _1\"></span> Soci<span class=\"_ _1\"></span>et\u00e0 ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>ta in <span class=\"_ _1\"></span>conti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1\"></span> con q<span class=\"_ _1c\"></span>uanto </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsf6 gs6b4\">svolt<span class=\"_ _1\"></span>o al 31<span class=\"_ _1\"></span> dice<span class=\"_ _1\"></span>mbre 20<span class=\"_ _1\"></span>24. Tal<span class=\"_ _1\"></span>e proc<span class=\"_ _1\"></span>esso <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>ta stru<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>tu<span class=\"_ _1\"></span>rato, ra<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ale, t<span class=\"_ _1\"></span>racci<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>e e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs6b5\">ripercorribile<span class=\"_ _0\"></span>; <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs6b6\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws15\">l\u2019approccio<span class=\"_ _0\"></span> valutativo adottato dalla So<span class=\"_ _0\"></span>ciet\u00e0 risulta in line<span class=\"_ _0\"></span>a con le indicazioni dei principi </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1d0 gs6b7\">contab<span class=\"_ _1\"></span>ili d<span class=\"_ _1\"></span>i rif<span class=\"_ _1c\"></span>eriment<span class=\"_ _1\"></span>o, no<span class=\"_ _1\"></span>nch\u00e9<span class=\"_ _1\"></span> tecni<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte id<span class=\"_ _1c\"></span>oneo a de<span class=\"_ _1\"></span>term<span class=\"_ _1\"></span>inar<span class=\"_ _1\"></span>e in mod<span class=\"_ _1c\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs6b8\">ragionevole<span class=\"_ _0\"></span> il valore d\u2019uso della CGU Anima. La meto<span class=\"_ _0\"></span>dologia utilizzata (DCF) present<span class=\"_ _0\"></span>a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsb3 gs6b9\">cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ate ba<span class=\"_ _1\"></span>si do<span class=\"_ _1\"></span>ttri<span class=\"_ _1\"></span>nali<span class=\"_ _1\"></span>, risul<span class=\"_ _1\"></span>ta co<span class=\"_ _1\"></span>mun<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>e ado<span class=\"_ _1\"></span>ttata<span class=\"_ _1\"></span> nell<span class=\"_ _1\"></span>a pras<span class=\"_ _1c\"></span>si valuta<span class=\"_ _1c\"></span>tiva nel<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs6ba\">settore di riferimento<span class=\"_ _0\"></span> e tiene conto delle prospettive reddituali e finanziar<span class=\"_ _0\"></span>ie della CGU </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls32 ws5e gs6bb\">An<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs6bc\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws25f\">i parametri va<span class=\"_ _0\"></span>lutativi adottat<span class=\"_ _0\"></span>i risultano com<span class=\"_ _0\"></span>presi in intervalli r<span class=\"_ _0\"></span>agionevolmente </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs6bd\">osserv<span class=\"_ _0\"></span>abili nell\u2019attuale scenar<span class=\"_ _0\"></span>io di mercato; <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs6be\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls35 ws114\">coere<span class=\"_ _0\"></span>ntemente<span class=\"_ _0\"></span> con quanto<span class=\"_ _0\"></span> effettua<span class=\"_ _0\"></span>to dalla C<span class=\"_ _0\"></span>apogruppo<span class=\"_ _0\"></span> Banco B<span class=\"_ _0\"></span>PM, acc<span class=\"_ _0\"></span>anto ad uno </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wse2 gs6bf\">Scena<span class=\"_ _1c\"></span>rio Bas<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>e Pro<span class=\"_ _1c\"></span>iezioni<span class=\"_ _1\"></span>, sono<span class=\"_ _1\"></span> sta<span class=\"_ _1\"></span>ti cons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>erati u<span class=\"_ _1c\"></span>no scena<span class=\"_ _1\"></span>rio p<span class=\"_ _1\"></span>egg<span class=\"_ _1c\"></span>iorativ<span class=\"_ _1\"></span>o e uno<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs6c0\">scenario m<span class=\"_ _0\"></span>igliorativo. I fattor<span class=\"_ _0\"></span>i di ponderazione asse<span class=\"_ _0\"></span>gnati ai diversi sc<span class=\"_ _0\"></span>enari (50% Scenar<span class=\"_ _0\"></span>i<span class=\"ls31 ws5c\">o </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d wsec gs6c1\">Bas<span class=\"_ _0\"></span>e, 30% <span class=\"_ _0\"></span>Scen<span class=\"_ _0\"></span>ario <span class=\"_ _0\"></span>Avve<span class=\"_ _0\"></span>rso e <span class=\"_ _0\"></span>20% S<span class=\"_ _0\"></span>cenar<span class=\"_ _0\"></span>io Fav<span class=\"_ _0\"></span>orevo<span class=\"_ _0\"></span>le) h<span class=\"_ _0\"></span>anno a<span class=\"_ _0\"></span>vuto <span class=\"_ _0\"></span>carat<span class=\"_ _0\"></span>tere </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws94 gs6c2\">prud<span class=\"_ _1\"></span>enzial<span class=\"_ _1c\"></span>e in qua<span class=\"_ _1\"></span>nto h<span class=\"_ _1\"></span>anno p<span class=\"_ _1c\"></span>rovvedut<span class=\"_ _1c\"></span>o ad asseg<span class=\"_ _1\"></span>nare <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>maggi<span class=\"_ _1\"></span>ore p<span class=\"_ _1\"></span>onderaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne all<span class=\"_ _1\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs6c3\">scena<span class=\"_ _1c\"></span>rio pegg<span class=\"_ _1\"></span>iorati<span class=\"_ _1\"></span>vo ri<span class=\"_ _1c\"></span>spetto al<span class=\"_ _1\"></span>lo sce<span class=\"_ _1c\"></span>nario mig<span class=\"_ _1c\"></span>liorativ<span class=\"_ _1c\"></span>o; <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs6c4\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws10b\">\u00e8 sta<span class=\"_ _1\"></span>ta ris<span class=\"_ _1c\"></span>contra<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>na sos<span class=\"_ _1c\"></span>tanzia<span class=\"_ _1\"></span>le co<span class=\"_ _1\"></span>rrett<span class=\"_ _1c\"></span>ezza ma<span class=\"_ _1\"></span>tema<span class=\"_ _1c\"></span>tica dei<span class=\"_ _1\"></span> calc<span class=\"_ _1c\"></span>oli eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1c\"></span>ti dall<span class=\"_ _1\"></span>a </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs6c5\">Societ\u00e0 ai fin<span class=\"_ _0\"></span>i della determinazione del v<span class=\"_ _0\"></span>alore recuperabile della CGU Anima;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs6c6\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1\"> <span class=\"ls0 wsb0\">\u00e8 stato osservato che alla data di riferimento il fair<span class=\"_ _0\"></span> value implicito nella quotazione </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs6c7\">borsistic<span class=\"_ _0\"></span>a del titolo Anima risulti superiore al valore<span class=\"_ _0\"></span> contabile della CGU.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws6b gs6c9\">Di co<span class=\"_ _1\"></span>nseg<span class=\"_ _1\"></span>uenza<span class=\"_ _1c\"></span>, EY riti<span class=\"_ _1\"></span>ene <span class=\"_ _1\"></span>che il<span class=\"_ _1\"></span> metod<span class=\"_ _1c\"></span>o di va<span class=\"_ _1\"></span>lutaz<span class=\"_ _1\"></span>ione a<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>tato d<span class=\"_ _1\"></span>alla<span class=\"_ _1\"></span> Soci<span class=\"_ _1\"></span>et\u00e0 s<span class=\"_ _1\"></span>ia ad<span class=\"_ _1\"></span>egua<span class=\"_ _1\"></span>to, i<span class=\"_ _1\"></span>n </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs6ca\">quanto nella c<span class=\"_ _0\"></span>ircostanza ragionevole<span class=\"_ _0\"></span> e non arbitrar<span class=\"_ _0\"></span>io, conforme alle indicazioni de<span class=\"_ _0\"></span>i principi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws146 gs6cb\">contab<span class=\"_ _1\"></span>ili d<span class=\"_ _1\"></span>i rife<span class=\"_ _1c\"></span>rimento e c<span class=\"_ _1c\"></span>he lo ste<span class=\"_ _1\"></span>sso si<span class=\"_ _1c\"></span>a stato co<span class=\"_ _1\"></span>rretta<span class=\"_ _1c\"></span>mente a<span class=\"ls0 ws61\">pplicato ai fini della </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs6cc\">determin<span class=\"_ _0\"></span>azione del valore d\u2019uso della CGU Anima oggetto di ana<span class=\"_ _0\"></span>lisi.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs6cd\">9<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 im<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>riali:<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>ariaz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs6ce\"><table class=\"s w728 h46b\" id=\"_110d0244-35a2-48c4-b1b6-6fa93167639a\"><tr><td></td><td class=\"c x808 y3676 w158 h1aa\"><div class=\"t m2e xf8 h1ab y1c4b ff2 fs3b fc0 sc0 ls1e5 ws453\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x808 y3676 w158 h1aa\"><div class=\"t m2e x24 h1ab y1c4c ff2 fs3b fc0 sc0 ls1e6 ws454\">A.<span class=\"_ _0\"></span> Esist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali</div></td><td class=\"c x808 y3677 w158 h1ac\"><div class=\"t m2e x5f h1ab y1c4e ff2 fs3b fc0 sc0 ls1e5 ws455\">                            1.<span class=\"_ _0\"></span>559.<span class=\"_ _0\"></span>256 </div></td></tr><tr><td class=\"c x212 y3678 w729 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">B. Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x809 y3678 w72a h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">2.<span class=\"_ _0\"></span>191<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3679 w72b h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e8 ws458\">B.1<span class=\"_ _1\"></span> A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>qu<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80a y3679 w72c h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">2.191<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367a w72d h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">C.<span class=\"_ _0\"></span> D<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>inuzioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80b y367a w72e h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>354)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367b w72f h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1ea ws45a\">C.<span class=\"_ _1c\"></span>2 Ammo<span class=\"_ _1c\"></span>rt<span class=\"_ _1c\"></span>ame<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80c y367b w730 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>44.204)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367c w731 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e8 ws458\">C.3 Re<span class=\"_ _1\"></span>ttific<span class=\"_ _0\"></span>he di valore<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80d y367c w732 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x80e y367d w733 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1eb ws45b\">- a Conto econom<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80f y367d w734 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w735 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">D.<span class=\"_ _0\"></span> Rim<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> finali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x810 y345e w736 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">1.<span class=\"_ _0\"></span>517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs6cf\">Si ricorda che il saldo<span class=\"_ _0\"></span> relativo alla sottovoce \u201cA. Esistenze In<span class=\"_ _0\"></span>iziali\u201d include gli effetti de<span class=\"_ _0\"></span>i processi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs6d0\">di PPA, conclusi nel 2025, relat<span class=\"_ _0\"></span>ivamente a Kairos SGR e Vita Srl (si rimanda alla \u201cParte A <span class=\"ls1 ws1\">\u2013 <span class=\"ls1d ws2b\">Al<span class=\"_ _0\"></span>tre </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1f gs6d1\">Infor<span class=\"_ _1\"></span>mazi<span class=\"_ _1\"></span>oni <span class=\"_ _20\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _15\"> </span><span class=\"ls1d ws131\">Rest<span class=\"_ _0\"></span>atement B<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io 2024<span class=\"_ _0\"></span>\u201d del pr<span class=\"_ _0\"></span>esen<span class=\"ls0 ws79\">te<span class=\"_ _0\"></span> Bilancio <span class=\"_ _0\"></span>Consolidato <span class=\"_ _0\"></span>per maggiori </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs6d2\">dettagli).<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs6d3\">La sottovoce<span class=\"_ _0\"></span> \u201cB.1 Acquisti\u201d si riferisce princ<span class=\"_ _0\"></span>ipalmente a (i) software acquistati nell\u2019eserc<span class=\"_ _0\"></span>izio da </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs6d4\">Anima SGR, (ii) l\u2019avvia<span class=\"_ _0\"></span>mento provvisorio iscr<span class=\"_ _0\"></span>itto a seguito dell\u2019acquisizione di r<span class=\"_ _0\"></span>amo d\u2019azienda da </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws93 gs6d5\">part<span class=\"_ _1\"></span>e di Vita S<span class=\"_ _1\"></span>rl, avv<span class=\"_ _1\"></span>enuta<span class=\"_ _1\"></span> nel cors<span class=\"_ _1c\"></span>o <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span> terzo tri<span class=\"_ _1c\"></span>mestre<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls30 wsa9\">2025, p<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>un imp<span class=\"_ _1\"></span>orto p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span> Eu<span class=\"_ _1\"></span>ro 83<span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs6d6\">miglaia e (iii) all\u2019a<span class=\"_ _0\"></span>ggiustamento prezzo riconosciuto<span class=\"_ _0\"></span> in relazione ai Mandati di Gestione per circa </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs6d7\">Euro 425,4 migliaia,<span class=\"_ _0\"></span> per quanto previsto dagli accordi sottoscritt<span class=\"_ _0\"></span>i come integrati/modificati nel </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs6d8\">corso<span class=\"_ _1\"></span> del 2020.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-28": {
   "value": "Sezione 9 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Atti<span class=\"_ _0\"></span>vit\u00e0 immate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>i </span>\u2013 </span>Voce 90<span class=\"ls1 ws1\"> </span>9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 im<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>riali:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ia d<span class=\"_ _0\"></span>i att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w692 h461\" id=\"_08294b0e-8e94-40a3-946e-e61fac12f441\"><tr><td></td><td></td><td class=\"c x771 y360d w153 h197\"><div class=\"t m2b xeb h195 y1b0e ff2 fs38 fc0 sc0 ls1c6 ws42d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x772 y360d w153 h197\"><div class=\"t m2b x67 h195 y1b0e ff2 fs38 fc0 sc0 ls1c6 ws42d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c x771 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td><td class=\"c x773 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td><td class=\"c x772 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td><td class=\"c x774 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td></tr><tr><td></td><td class=\"c x771 y360e w154 h198\"><div class=\"t m2b x93 h195 y1b11 ff2 fs38 fc0 sc0 ls1c5 ws425\">al<span class=\"_ _0\"></span> cost<span class=\"_ _13\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x773 y360e w154 h198\"><div class=\"t m2b x81 h195 y1b11 ff2 fs38 fc0 sc0 ls1cd ws42f\">al fair value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x772 y360e w154 h198\"><div class=\"t m2b x93 h195 y1b11 ff2 fs38 fc0 sc0 ls1c5 ws425\">al<span class=\"_ _0\"></span> cost<span class=\"_ _13\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x774 y360e w154 h198\"><div class=\"t m2b x81 h195 y1b11 ff2 fs38 fc0 sc0 ls1cd ws42f\">al fair value<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3610 w693 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c5 ws425\">1.<span class=\"_ _0\"></span> A<span class=\"_ _0\"></span>vviam<span class=\"_ _13\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x775 y3610 w694 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">1.<span class=\"_ _0\"></span>167.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td><td class=\"c x776 y3610 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x777 y3610 w696 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">1.167.<span class=\"_ _0\"></span>805<span class=\"_ _4ac\"> </span></div></td><td class=\"c x778 y3610 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3611 w698 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c7 ws428\">2. Alt<span class=\"_ _0\"></span>re at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0 im<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>riali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x779 y3611 w699 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">349.<span class=\"_ _0\"></span>205<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77a y3611 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77b y3611 w69a h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">391.451<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77c y3611 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3612 w69b h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c8 ws429\">2.1<span class=\"_ _1\"></span> G<span class=\"_ _0\"></span>enerate i<span class=\"_ _0\"></span>nternam<span class=\"_ _0\"></span>ente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77d y3612 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77e y3612 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77f y3612 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x780 y3612 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3613 w69c h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c9 ws42a\">2.2 A<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x781 y3613 w69d h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c9 ws42b\">349.205<span class=\"_ _4ac\"> </span></div></td><td class=\"c x782 y3613 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x783 y3613 w69d h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c9 ws42b\">391.451<span class=\"_ _4ac\"> </span></div></td><td class=\"c x784 y3613 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3615 w69e h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1ca ws42c\">di c<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i s<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>are<span class=\"_ _13\"></span> e<span class=\"_ _0\"></span> alt<span class=\"_ _0\"></span>re<span class=\"_ _4ac\"> </span></div></td><td class=\"c x785 y3615 w69f h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">4.860<span class=\"_ _4ac\"> </span></div></td><td class=\"c x786 y3615 w6a0 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x787 y3615 w6a1 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">5.296<span class=\"_ _4ac\"> </span></div></td><td class=\"c x788 y3615 w6a0 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3616 w6a2 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1ca ws42c\">di c<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i int<span class=\"_ _0\"></span>ang<span class=\"_ _13\"></span>ibili<span class=\"_ _4ac\"> </span></div></td><td class=\"c x789 y3616 w6a3 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">344.344<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78a y3616 w6a4 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78b y3616 w6a5 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">386.155<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78c y3616 w6a4 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w6a6 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c5 ws425\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78d y345e w6a7 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">1.<span class=\"_ _0\"></span>517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78e y345e w697 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x790 y3618 w6a8 h463\"><div class=\"t m2b x78f h195 y3617 ff2 fs38 fc0 sc0 ls1c6 ws426\">1.559.<span class=\"_ _0\"></span>256<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>Nel prospetto che segue \u00e8 riepilogata la composiz<span class=\"_ _0\"></span>ione delle attivit\u00e0 immateriali iscritte ne<span class=\"_ _0\"></span>l presente<span class=\"_ _0\"></span> Bilanc<span class=\"_ _0\"></span>io consolidato<span class=\"_ _0\"></span> del G<span class=\"_ _0\"></span>ruppo:<span class=\"ls1 ws1\"> </span><table class=\"s w6a9 h464\" id=\"_151ca703-2efb-41c4-93c0-598ef5813fb8\"><tr><td></td><td class=\"c x792 y361a w6aa h41c\"><div class=\"t m2c x1fa h19a y3619 ff2 fs39 fc0 sc0 ls1ce ws430\">31.<span class=\"_ _0\"></span>12.2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x793 y361a w6ab h41c\"><div class=\"t m2c x1fa h19a y3619 ff2 fs39 fc0 sc0 ls1ce ws431\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361b w6ac h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento da PPA ex<span class=\"_ _1\"></span> G<span class=\"_ _0\"></span>estielle Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x794 y361b w6ad h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">421.951<span class=\"_ _4ac\"> </span></div></td><td class=\"c x640 y361b w6ae h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">421.<span class=\"_ _4ac\"> </span></div><div class=\"t m2c x795 h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">951<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361c w6af h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d1 ws435\">Avvi<span class=\"_ _0\"></span>amento da PPA<span class=\"_ _0\"></span> ex Prima Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x796 y361c w6b0 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">304.736<span class=\"_ _4ac\"> </span></div></td><td class=\"c x797 y361c w6b0 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">304.736<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361d w6b1 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d1 ws435\">Avvi<span class=\"_ _0\"></span>amento da PPA<span class=\"_ _0\"></span> Anim<span class=\"_ _0\"></span>a Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x798 y361d w6b0 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">316.738<span class=\"_ _4ac\"> </span></div></td><td class=\"c x799 y361d w6ad h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">316.738<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361e w6b2 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d2 ws436\">Avviam<span class=\"_ _0\"></span>ento da PPA Com<span class=\"_ _0\"></span>pendio Scis<span class=\"_ _0\"></span>so BPF<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79a y361e w6b3 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">44.327<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79b y361e w6b4 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">44.327<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361f w6b5 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d3 ws437\">Av<span class=\"_ _0\"></span>viam<span class=\"_ _0\"></span>ento PP<span class=\"_ _0\"></span>A ex A<span class=\"_ _0\"></span>perta SG<span class=\"_ _0\"></span>R e ex Luss<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>burgo G<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tioni S<span class=\"_ _0\"></span>A<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79c y361f w6b6 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">17.<span class=\"_ _0\"></span>711<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79d y361f w6b4 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">17.711<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3621 w6b7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento da PPA Cas<span class=\"_ _0\"></span>tello Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79e y3621 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">59.944<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79f y3621 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">59.944<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3622 w6b8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento da PPA Vita Srl (Halldis)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a0 y3622 w6b9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2.398<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a1 y3622 w6ba h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2.<span class=\"_ _0\"></span>398<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3623 w6bb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento provvisorio Vita Srl (LeGeant)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a2 y3623 w6bc h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">83<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a3 y3623 w6bd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3624 w6be h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d4 ws438\">TOTALE AV<span class=\"_ _1\"></span>VIAMEN<span class=\"_ _1\"></span>TO CONSOL<span class=\"_ _1c\"></span>I<span class=\"_ _0\"></span>DATO<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a4 y3624 w6bf h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>167.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a5 y3624 w6c0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>167.805<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a6 y3625 w156 h19b\"><div class=\"t m2c x24 h19a y1b24 ff2 fs39 fc0 sc0 ls1d5 ws439\">AL<span class=\"_ _1\"></span>TRE<span class=\"_ _1\"></span> ATTIVITA'<span class=\"_ _1c\"></span> IMMATE<span class=\"_ _1\"></span>RAL<span class=\"_ _1c\"></span>I - IN<span class=\"_ _1c\"></span>TANG<span class=\"_ _1\"></span>IB<span class=\"_ _1\"></span>ILI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3626 w6c1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA A<span class=\"_ _0\"></span>nima Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a7 y3626 w6ad h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">112.121<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a8 y3626 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">112.121<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a9 y3628 w6c2 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d6 ws43a\">-  di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ibili b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a Sg<span class=\"_ _0\"></span>r<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7aa y3628 w6c3 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">17.745<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ab y3628 w6c4 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">17.745<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3629 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y3629 w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(98.<span class=\"_ _0\"></span>269)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y3629 w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>97.736)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362a w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ae y362a w6c9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>533)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7af y362a w6ca h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(533)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362b w6cb h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Anim<span class=\"_ _0\"></span>a Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b0 y362b w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">13.319<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b1 y362b w6cd h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">13.852<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362c w6ce h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA ex Aperta Sgr e ex<span class=\"_ _1c\"></span> Luss<span class=\"_ _0\"></span>emburgo Ges<span class=\"_ _0\"></span>tioni SA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b2 y362c w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">12.361<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b3 y362c w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">12.361<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a9 y362d w6cf h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d6 ws43a\">-  di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ibili b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span>x A<span class=\"_ _13\"></span>pe<span class=\"_ _13\"></span>rta S<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>r (o<span class=\"_ _0\"></span>ra A<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a Sg<span class=\"_ _0\"></span>r)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b4 y362d w6d0 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">9.680<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b5 y362d w6d0 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">9.680<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362e w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y362e w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(12.<span class=\"_ _0\"></span>361)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y362e w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>11.126)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362f w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b6 y362f w6d1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b7 y362f w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>1.235)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a6 y3625 w156 h19b\"><div class=\"t m2c x24 h19a y1b2e ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span> Ap<span class=\"_ _0\"></span>erta S<span class=\"_ _0\"></span>gr e ex<span class=\"_ _0\"></span> Lus. Gest<span class=\"_ _0\"></span>ioni SA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b8 y3630 w6d3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b9 y3630 w6d3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3631 w6d4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA ex Gestielle Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x796 y3631 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">380.341<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ba y3631 w6ad h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">380.341<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3632 w6d5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">-<span class=\"_ _4ac\"> </span></div><div class=\"t m2c x7bb h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">amm<span class=\"_ _0\"></span>ortamenti e rettifiche di valore e<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ercizi preceden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7bc y3632 w6d6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(177.492)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7bd y3632 w6d6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(152.136)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3633 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7be y3633 w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>25.356)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7bf y3633 w6d7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(25.356)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3634 w6d8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span> Gestie<span class=\"_ _0\"></span>lle Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c0 y3634 w6d9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">177.493<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c1 y3634 w6da h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">202.<span class=\"_ _0\"></span>849<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3635 w6db h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA C<span class=\"_ _0\"></span>astello Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79e y3635 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">11.272<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79f y3635 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">11.272<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a9 y3637 w6dc h45c\"><div class=\"t m2c x1fa h19c y3636 ff5 fs39 fc0 sc0 ls1d6 ws43a\">-  di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ibili b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>te<span class=\"_ _13\"></span>llo S<span class=\"_ _13\"></span>gr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c2 y3637 w6d0 h45c\"><div class=\"t m2c x1fa h19c y3636 ff5 fs39 fc0 sc0 ls1d7 ws437\">2.329<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c3 y3637 w6d0 h45c\"><div class=\"t m2c x1fa h19c y3636 ff5 fs39 fc0 sc0 ls1d7 ws437\">2.329<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3638 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c4 y3638 w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(3.932)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c5 y3638 w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(1.<span class=\"_ _0\"></span>220)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3639 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c6 y3639 w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(1.955)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c7 y3639 w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>2.712)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363a w6de h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Cast<span class=\"_ _0\"></span>ello Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c8 y363a w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">5.<span class=\"_ _0\"></span>386<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c9 y363a w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">7.<span class=\"_ _0\"></span>341<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363b w6e0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA Kairos SG<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ca y363b w6b9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">3.074<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cb y363b w6b9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">3.074<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363c w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cc y363c w6e1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>136)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cd y363c w6e2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363d w6e3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente (*)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ce y363d w6ca h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(205)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cf y363d w6ca h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(136)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363e w6e4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Kairos Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d0 y363e w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">2.<span class=\"_ _0\"></span>733<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d1 y363e w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">2.<span class=\"_ _0\"></span>937<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363f w6e5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili d<span class=\"_ _0\"></span>a PP<span class=\"_ _0\"></span>A rile<span class=\"_ _0\"></span>vati a livello conso<span class=\"_ _1\"></span>lidat<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d2 y363f w6da h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">198.<span class=\"_ _0\"></span>931<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d3 y363f w6e6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">226.<span class=\"_ _0\"></span>979<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3640 w6e7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA C<span class=\"_ _0\"></span>ompendio Sciss<span class=\"_ _0\"></span>o BPF<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d4 y3640 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">106.875<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d5 y3640 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">106.875<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3641 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y3641 w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(43.<span class=\"_ _0\"></span>947)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y3641 w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>36.808)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3642 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c6 y3642 w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(7.120)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c7 y3642 w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>7.139)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3643 w6e8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Comp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>io Scisso BPF<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d6 y3643 w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">55.808<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d7 y3643 w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">62.928<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3644 w6e9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Marchio PPA V<span class=\"_ _0\"></span>ita Srl (Halldis)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d8 y3644 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">606<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d9 y3644 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">606<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3645 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7da y3645 w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>25)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7db y3645 w6ec h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3646 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dc y3646 w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>61)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dd y3646 w6ed h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(25)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3647 w6ee h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibile M<span class=\"_ _0\"></span>archio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7de y3647 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">520<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7df y3647 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">581<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3648 w6ef h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili d<span class=\"_ _0\"></span>a PP<span class=\"_ _0\"></span>A rile<span class=\"_ _0\"></span>vate a livello individuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e0 y3648 w6f0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">56.<span class=\"_ _0\"></span>329<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e1 y3648 w6cd h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">63.509<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3649 w6f1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili riferiti ai Mand<span class=\"_ _1\"></span>ati di Ges<span class=\"_ _0\"></span>tione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e2 y3649 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">139.176<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e3 y3649 w6ad h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">138.750<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364a w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y364a w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(45.<span class=\"_ _0\"></span>046)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y364a w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>38.105)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364b w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c6 y364b w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(6.939)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c7 y364b w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>6.941)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364c w6f2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili rif<span class=\"_ _0\"></span>eriti ai M<span class=\"_ _0\"></span>andat<span class=\"_ _0\"></span>i di Gest<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e4 y364c w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">87.191<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e5 y364c w6f0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">93.<span class=\"_ _0\"></span>704<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364d w6f3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Marchio da Kairos SGR (c<span class=\"_ _0\"></span>onfermato in PPA)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e6 y364d w6f4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2013<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e7 y364d w6f5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2013<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364e w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7da y364e w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>50)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7db y364e w6ec h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364f w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dc y364f w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>75)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dd y364f w6ed h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(50)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3650 w6f6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d2 ws436\">Valore Residuo Marchio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e8 y3650 w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e9 y3650 w6f7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>963<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a6 y3625 w156 h19b\"><div class=\"t m2c x24 h19a y1b51 ff2 fs39 fc0 sc0 ls1d2 ws436\">Marchio da Vita srl (<span class=\"_ _0\"></span>LeGeant)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ea y3651 w6f8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws431\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7eb y3651 w6f9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d0 ws43c\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3652 w6fa h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili d<span class=\"_ _0\"></span>a Bilanci individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ec y3652 w6fb h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">89.<span class=\"_ _0\"></span>085<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ed y3652 w6f0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">95.<span class=\"_ _0\"></span>667<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3653 w6fc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Alt<span class=\"_ _0\"></span>re att<span class=\"_ _0\"></span>ivit\u00e0 im<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>eriali consolidate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ee y3653 w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">4.<span class=\"_ _0\"></span>860<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ef y3653 w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">5.<span class=\"_ _0\"></span>296<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w6fd h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d4 ws438\">TOTALE ATTIVITA' IMMATER<span class=\"_ _1\"></span>IALI CONSO<span class=\"_ _1\"></span>LIDATE<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f0 y345e w6fe h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f1 y345e w6bf h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>559.<span class=\"_ _0\"></span>256<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) Dat<span class=\"_ _1\"></span>i restate<span class=\"_ _1\"></span>d per ef<span class=\"_ _1\"></span>fetto del<span class=\"_ _1\"></span>la PPA di<span class=\"_ _1\"></span> Kai<span class=\"_ _1\"></span>ros SG<span class=\"_ _1\"></span>R e della PP<span class=\"_ _1\"></span>A rilev<span class=\"_ _1\"></span>ata da Vit<span class=\"_ _1\"></span>a Srl,<span class=\"_ _1\"></span> si rinvia a<span class=\"_ _1\"></span> quanto<span class=\"_ _1\"></span> esposto<span class=\"_ _1\"></span> nella No<span class=\"_ _1c\"></span>ta<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>integrativ<span class=\"_ _1c\"></span>a consolidata,<span class=\"_ _1\"></span> Parte <span class=\"_ _1\"></span>A <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span></span><span class=\"ws15d\">Pol<span class=\"_ _1\"></span>itiche Conta<span class=\"_ _1\"></span>bili,<span class=\"_ _1\"></span> </span>Altre Info<span class=\"_ _1\"></span>rmazion<span class=\"_ _1\"></span>i paragr<span class=\"_ _1\"></span>afo \"Restate<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>ent B<span class=\"_ _1\"></span>ilancio 202<span class=\"_ _1\"></span>4\"<span class=\"_ _4ac\"> </span>Le attivit\u00e0 immateriali a vita utile<span class=\"_ _0\"></span> indefinita, rappresentate dagli avviamenti, ammontano compl<span class=\"_ _1\"></span>essiva<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e a Euro <span class=\"_ _1\"></span>1.167<span class=\"_ _1\"></span>,9 mili<span class=\"_ _1\"></span>oni. Risp<span class=\"_ _1c\"></span>etto all\u2019es<span class=\"_ _1c\"></span>ercizio pr<span class=\"_ _1\"></span>eced<span class=\"_ _1\"></span>ente so<span class=\"_ _1\"></span>no stat<span class=\"_ _1\"></span>e rileva<span class=\"_ _1c\"></span>te le seguenti o<span class=\"_ _0\"></span>perazioni:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls31 ws91\">conc<span class=\"_ _0\"></span>lusione de<span class=\"_ _0\"></span>l processo<span class=\"_ _0\"></span> di alloc<span class=\"_ _0\"></span>azione del<span class=\"_ _0\"></span> prezzo di<span class=\"_ _0\"></span> acquisto re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ivo al confer<span class=\"_ _0\"></span>imento </span>del ra<span class=\"_ _1\"></span>mo d<span class=\"_ _1\"></span>\u2019azie<span class=\"_ _1\"></span>nda Ha<span class=\"_ _1\"></span>lldis<span class=\"_ _1\"></span> in Vi<span class=\"_ _1\"></span>ta Srl<span class=\"_ _1\"></span>, avve<span class=\"_ _1\"></span>nuto <span class=\"_ _1\"></span>nel ter<span class=\"_ _1\"></span>zo tri<span class=\"_ _1c\"></span>mestre d<span class=\"_ _1\"></span>el 202<span class=\"_ _1\"></span>5. A<span class=\"_ _1\"></span> seguit<span class=\"_ _1\"></span>o di<span class=\"_ _1c\"></span> tale<span class=\"_ _1\"></span> alloca<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, si<span class=\"_ _1c\"></span> \u00e8 proc<span class=\"_ _1\"></span>eduto <span class=\"_ _1\"></span>a re<span class=\"_ _1\"></span>ttific<span class=\"_ _1\"></span>are l<span class=\"_ _1\"></span>\u2019avvi<span class=\"_ _1c\"></span>amento p<span class=\"_ _1\"></span>rovvi<span class=\"_ _1\"></span>sori<span class=\"_ _1\"></span>o is<span class=\"_ _1\"></span>critto <span class=\"_ _1\"></span>(pa<span class=\"_ _1\"></span>ri ad E<span class=\"_ _1c\"></span>uro 2.793 migliaia<span class=\"_ _0\"></span>) di un importo<span class=\"_ _0\"></span> di Euro 395 migliaia (si rin<span class=\"_ _0\"></span>via a quanto r<span class=\"_ _0\"></span>iportato nella Parte A <span class=\"ls1 ws1\">\u2013 <span class=\"ls30 ws27\">Pol<span class=\"_ _1\"></span>itic<span class=\"_ _1\"></span>he Con<span class=\"_ _1\"></span>tabil<span class=\"_ _1\"></span>i, A<span class=\"_ _1\"></span>ltre I<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>zioni<span class=\"_ _1c\"></span>, parag<span class=\"_ _1c\"></span>rafo \u201cP<span class=\"_ _1\"></span>urchas<span class=\"_ _1c\"></span>e Price<span class=\"_ _1\"></span> Alloca<span class=\"_ _1c\"></span>tion <span class=\"ls1 ws1\">\u2013 <span class=\"ls2f ws0\">Vit<span class=\"_ _0\"></span>a Sr<span class=\"_ _0\"></span>l </span></span></span></span>conferimento<span class=\"_ _0\"></span> ramo Halldis\u201d della Nota inte<span class=\"_ _0\"></span>grativa c<span class=\"ls11 ws5\">onsolidata);<span class=\"ls1 ws1\"> </span></span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws15\">in data 24 luglio 2025, Vita Srl</span> <span class=\"lsf ws17\">ha<span class=\"_ _1\"></span> acq<span class=\"_ _1\"></span>uisto <span class=\"_ _1c\"></span>un ramo<span class=\"_ _1c\"></span> d\u2019azi<span class=\"_ _1\"></span>enda<span class=\"_ _1\"></span> aven<span class=\"_ _1\"></span>te ad<span class=\"_ _1\"></span> ogge<span class=\"_ _1c\"></span>tto l\u2019at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 </span>di gestione di un<span class=\"_ _0\"></span>a residenza turistic<span class=\"_ _0\"></span>a alberghiera denominata<span class=\"_ _0\"></span> \u201cLe Geant\u201d sita in Courm<span class=\"_ _0\"></span>ayeur, ch<span class=\"_ _0\"></span>e ha provvis<span class=\"_ _0\"></span>oriame<span class=\"_ _0\"></span>nte gener<span class=\"_ _0\"></span>ato un a<span class=\"_ _0\"></span>vviamento<span class=\"_ _0\"></span> di circ<span class=\"_ _0\"></span>a euro 83 migliai<span class=\"_ _0\"></span>a. <span class=\"_ _0\"></span> <span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>Le attivit\u00e0 intangibili a vita utile defin<span class=\"_ _0\"></span>ita, pari a Euro 349,2 milioni (Euro 391,5 al 31 dicembre 2024)<span class=\"_ _1\"></span>, sono p<span class=\"_ _1c\"></span>rincipal<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e costit<span class=\"_ _1\"></span>uite da<span class=\"_ _1\"></span>:<span class=\"ls1 ws1\"> </span>1.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws0\">attivit\u00e0 imm<span class=\"_ _0\"></span>ateriali rilevate<span class=\"_ _0\"></span> a livello consolidato: <span class=\"ls1 ws1\"> </span></span>a.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _24\"> </span></span><span class=\"ls0 ws7f\">rapporti contrattuali,<span class=\"_ _0\"></span> valoriz<span class=\"_ _0\"></span>zati in sede di </span><span class=\"ff5 ws172\">P<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> A<span class=\"_ _13\"></span>llo<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>atio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls11 ws172\">(\u201cPPA\u201d) di Anima SGR </span></span>avvenuta ne<span class=\"_ _0\"></span>l 2011, nei quali si sost<span class=\"_ _0\"></span>anziava la relazion<span class=\"_ _0\"></span>e con la clientela<span class=\"_ _0\"></span> acquista (comp<span class=\"_ _1\"></span>leta<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>mortizza<span class=\"_ _1c\"></span>ta) ed i<span class=\"_ _1\"></span>l mar<span class=\"_ _1c\"></span>chio \u201cA<span class=\"_ _1\"></span>nima\u201d<span class=\"_ _1\"></span>, que<span class=\"_ _1\"></span>st\u2019ul<span class=\"_ _1\"></span>timo is<span class=\"_ _1c\"></span>critto p<span class=\"_ _1c\"></span>er un va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e resid<span class=\"_ _1c\"></span>uo di ci<span class=\"_ _1c\"></span>rca E<span class=\"_ _1\"></span>uro 13<span class=\"_ _1c\"></span>,3 milio<span class=\"_ _1c\"></span>ni e c<span class=\"_ _1\"></span>on vita<span class=\"_ _1c\"></span> util<span class=\"_ _1\"></span>e sti<span class=\"_ _1\"></span>mata<span class=\"_ _1\"></span> def<span class=\"ls0 ws8c\">i<span class=\"_ _1\"></span>nita sulla base della durata </span>di Anima SGR come previsto dallo statuto; il valore di tale int<span class=\"_ _0\"></span>angibile era stato quantificato<span class=\"_ _0\"></span> sulla base dei costi di pubblicit\u00e0 sost<span class=\"_ _0\"></span>enuti dalla societ\u00e0 n<span class=\"ls1c ws8a\">ei 7 an<span class=\"_ _1\"></span>ni prec<span class=\"_ _1\"></span>eden<span class=\"_ _1\"></span>ti </span>all\u2019acquis<span class=\"_ _0\"></span>izione e rivalutati ad un<span class=\"_ _0\"></span> tasso del 2%;<span class=\"ls1 ws1\"> </span>b.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws99\">r<span class=\"_ _0\"></span>apporti contrattuali, valor<span class=\"_ _0\"></span>izzati in sede di PPA eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _0\"></span>a sulla ex Aletti Gestielle SGR </span>S.p.A<span class=\"_ _1\"></span>. (\u201cGe<span class=\"_ _1\"></span>stiel<span class=\"_ _1\"></span>le SGR\u201d<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"ls0 ws65\">societ\u00e0<span class=\"_ _0\"></span> poi incorporata in Anim<span class=\"_ _0\"></span>a SGR), nei quali si so<span class=\"_ _0\"></span>stanzia la </span></span>relazi<span class=\"_ _1c\"></span>one con la c<span class=\"_ _1\"></span>lien<span class=\"_ _1\"></span>tela ac<span class=\"_ _1\"></span>quisi<span class=\"_ _1\"></span>ta per<span class=\"_ _1\"></span> un va<span class=\"_ _1\"></span>lore resi<span class=\"_ _1\"></span>duo<span class=\"_ _1\"></span> di Euro<span class=\"_ _1\"></span> 177,<span class=\"_ _1\"></span>5 m<span class=\"ls0 wsc1\">ilioni; in </span>particolare<span class=\"_ _0\"></span>, tenuto conto delle specificit\u00e0 delle acquisizioni in esame e della prassi ormai cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ata nel<span class=\"_ _1\"></span> setto<span class=\"_ _1c\"></span>re dell\u2019as<span class=\"_ _1c\"></span>set mana<span class=\"_ _1\"></span>gem<span class=\"_ _1\"></span>ent,<span class=\"_ _1\"></span> \u00e8 stato id<span class=\"_ _1\"></span>entif<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>to l\u2019in<span class=\"_ _1\"></span>tangi<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e \u201c<span class=\"ff5 ls41 ws262\">Cust<span class=\"_ _1\"></span>ome<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span> Rel<span class=\"_ _1\"></span>a<span class=\"_ _1c\"></span>ti<span class=\"_ _1c\"></span>onshi<span class=\"_ _1c\"></span>p<span class=\"_ _1\"></span><span class=\"ff1 ls0 wsb1\">\u201d il cui valore \u00e8 dato dal margine commission<span class=\"_ _0\"></span>ale<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"lsf wsa0\">net<span class=\"_ _1\"></span>to lu<span class=\"_ _1\"></span>ngo l<span class=\"_ _1\"></span>a </span></span></span></span>dura<span class=\"_ _1\"></span>ta ec<span class=\"_ _1c\"></span>onomica<span class=\"_ _1c\"></span> del r<span class=\"_ _1\"></span>appor<span class=\"_ _1c\"></span>to acq<span class=\"_ _1\"></span>uisit<span class=\"_ _1\"></span>o, di<span class=\"_ _1\"></span>sting<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>ndo l<span class=\"_ _1\"></span>a red<span class=\"_ _1\"></span>ditiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1c\"></span>netta a<span class=\"_ _1\"></span>ssoci<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span> alle different<span class=\"_ _0\"></span>i tipologie di fondi gestiti. I volumi utilizzati come base di partenza per la valutaz<span class=\"_ _0\"></span>ione dell\u2019intangibile, sono stati quelli relativi agli AuM dei fondi gestiti da Gestielle SGR alla data di acquisizione, ovvero al 28 dicembre <span class=\"_ _1\"></span>2017; la vita utile stimata per tale inta<span class=\"_ _1\"></span>ngib<span class=\"_ _1\"></span>ile \u00e8 <span class=\"_ _1\"></span>stata<span class=\"_ _1\"></span> def<span class=\"_ _1\"></span>inita<span class=\"_ _1\"></span> in q<span class=\"_ _1\"></span>uind<span class=\"_ _1\"></span>ici a<span class=\"_ _1\"></span>nni,<span class=\"_ _1\"></span> con <span class=\"_ _1\"></span>ammo<span class=\"_ _1c\"></span>rtament<span class=\"_ _1c\"></span>o in quo<span class=\"_ _1\"></span>te cos<span class=\"_ _1c\"></span>tanti;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>c.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _c1\"> </span></span><span class=\"ls30 ws94\">rappor<span class=\"_ _1\"></span>ti co<span class=\"_ _1c\"></span>ntrattual<span class=\"_ _1\"></span>i, va<span class=\"_ _1c\"></span>lorizza<span class=\"_ _1\"></span>ti i<span class=\"_ _1\"></span>n sede<span class=\"_ _1\"></span> di P<span class=\"_ _1\"></span>PA e<span class=\"_ _1c\"></span>ffettuata<span class=\"_ _1c\"></span> con rif<span class=\"_ _1c\"></span>eriment<span class=\"_ _1\"></span>o all\u2019<span class=\"_ _1\"></span>acqui<span class=\"_ _1\"></span>sizi<span class=\"_ _1c\"></span>one </span>di Castello SGR avvenuta in dat<span class=\"_ _0\"></span>a 19 luglio 2023, per un valore residuo pari a Euro 5,4 milioni; in<span class=\"_ _0\"></span> particolare, sono st<span class=\"_ _0\"></span>ati individuati 57<span class=\"_ _0\"></span> intangibili a vita ut<span class=\"_ _0\"></span>ile<span class=\"ls1 ws1\"> </span>definita<span class=\"_ _0\"></span> relativi alle \u201cCus<span class=\"_ _1\"></span>tomer Rel<span class=\"_ _1\"></span>ation<span class=\"_ _1\"></span>ship<span class=\"_ _1\"></span>\u201d conness<span class=\"_ _1c\"></span>e al rapport<span class=\"_ _1\"></span>o di cli<span class=\"_ _1\"></span>entela so<span class=\"_ _1\"></span>ttosta<span class=\"_ _1c\"></span>nte le mass<span class=\"_ _1\"></span>e gestit<span class=\"_ _1\"></span>e dai fondi immobiliar<span class=\"_ _0\"></span>i di Castello SGR, il cu<span class=\"_ _0\"></span>i valore \u00e8 stato determinato consider<span class=\"_ _0\"></span>ando il mar<span class=\"_ _0\"></span>gine comm<span class=\"_ _0\"></span>ission<span class=\"_ _0\"></span>ale nett<span class=\"_ _0\"></span>o gener<span class=\"_ _0\"></span>ato dal<span class=\"_ _0\"></span>le mass<span class=\"_ _0\"></span>e in gest<span class=\"_ _0\"></span><span class=\"ls35 ws153\">ione lungo la durat<span class=\"_ _0\"></span>a dei </span>singoli fondi immobiliari con<span class=\"_ _0\"></span>siderati. Come richiesto dai principi contabili internazionali, sono stati an<span class=\"_ _0\"></span>alizzati solo<span class=\"_ _0\"></span> i fondi att<span class=\"_ _0\"></span>ivi prima della data di acquis<span class=\"_ _0\"></span>izione, mentre<span class=\"_ _0\"></span> in relazione <span class=\"_ _0\"></span>alla vita ut<span class=\"_ _0\"></span>ile delle Customer Re<span class=\"_ _0\"></span>lationshi<span class=\"lsf ws7a\">p \u00e8 sta<span class=\"_ _1\"></span>ta cons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>erata<span class=\"_ _1c\"></span> <span class=\"_ _0\"></span>la du<span class=\"_ _1\"></span>rata re<span class=\"_ _1c\"></span>sidua </span>per cia<span class=\"_ _1\"></span>scu<span class=\"_ _1\"></span>n fondo.<span class=\"_ _1\"></span> L\u2019amm<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o totale<span class=\"_ _1\"></span> riporta<span class=\"_ _1\"></span>to in ta<span class=\"_ _1\"></span>bella<span class=\"_ _1\"></span> \u00e8 calc<span class=\"_ _1\"></span>olato co<span class=\"_ _1\"></span>me la sommatoria degli ammort<span class=\"_ _0\"></span>amenti specifici di ciasc<span class=\"_ _0\"></span>un <span class=\"ls31 ws5c\">fondo;<span class=\"_ _4ac\"> </span></span>d.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws82\">r<span class=\"_ _0\"></span>apporti contrattuali,<span class=\"_ _0\"></span> valorizzati in s<span class=\"_ _0\"></span>ede di PPA effettu<span class=\"_ _0\"></span>ata con riferimento all\u2019<span class=\"_ _0\"></span>acquisizione </span>di Kairos SGR (avvenuta il 2<span class=\"_ _0\"></span> maggio 2024), per un valore residuo di Euro 2,7 milioni;<span class=\"_ _0\"></span> in particolare<span class=\"_ _0\"></span> \u00e8 stato identifica<span class=\"_ _0\"></span>to un intangibile a vit<span class=\"_ _0\"></span>a utile de<span class=\"_ _0\"></span>finita rel<span class=\"ls11 wscf\">ativo alla \u201cCustomer </span>Relationship\u201d connes<span class=\"_ _0\"></span>so al rapporto con la clientela sottostante gli AuM, il cui valore \u00e8 stato<span class=\"_ _1\"></span> dete<span class=\"_ _1\"></span>rmina<span class=\"_ _1c\"></span>to cons<span class=\"_ _1\"></span>idera<span class=\"_ _1c\"></span>ndo il ma<span class=\"_ _1\"></span>rgine<span class=\"_ _1\"></span> commi<span class=\"_ _1c\"></span>ssional<span class=\"_ _1\"></span>e ge<span class=\"_ _1\"></span>nera<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>alle mas<span class=\"_ _1c\"></span>se totali<span class=\"_ _1\"></span> in gestione<span class=\"_ _0\"></span> alla data di acqu<span class=\"_ _0\"></span>isizione lungo il per<span class=\"_ _0\"></span>iodo 2022<span class=\"ls1 ws1\">-<span class=\"ls1c ws27\">20</span></span>23. La stima della vit<span class=\"_ _0\"></span>a utile dell\u2019Int<span class=\"_ _0\"></span>angibile tiene con<span class=\"_ _0\"></span>to del churn rate<span class=\"_ _0\"></span> medio annuo per il pe<span class=\"_ _0\"></span>riodo 2014<span class=\"ls1 ws1\">-<span class=\"ls1d wse4\">202<span class=\"_ _0\"></span>3. In </span></span>parti<span class=\"_ _1\"></span>colar<span class=\"_ _1\"></span>e, si ri<span class=\"_ _1\"></span>corda<span class=\"_ _1\"></span> che<span class=\"_ _1c\"></span>, avendo c<span class=\"_ _1c\"></span>oncluso l<span class=\"_ _1\"></span>a PP<span class=\"_ _1\"></span>A nel c<span class=\"_ _1\"></span>orso d<span class=\"_ _1\"></span>ell\u2019e<span class=\"_ _1\"></span>serciz<span class=\"_ _1\"></span>io co<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e, il<span class=\"_ _1\"></span> principio cont<span class=\"_ _0\"></span>abile IFRS 3 prevede che la situazion<span class=\"lse ws1e4\">e espost<span class=\"_ _0\"></span>a rappresenti gli e<span class=\"_ _0\"></span>ffetti </span>dell\u2019operazione come se alla data di acqu<span class=\"_ _0\"></span>isizione (avvenuta nel 2024) si fosse gi\u00e0 concluso il proces<span class=\"_ _0\"></span>so di allocazione del prezzo, con conseguente \u201cre<span class=\"_ _0\"></span>statement\u201d dei valori rifer<span class=\"_ _0\"></span>iti all\u2019esercizio precedente. Si rimanda ai p<span class=\"lse ws110\">aragr<span class=\"_ _0\"></span>afi \u201cOperazione di aggre<span class=\"_ _0\"></span>gazione di </span>Kairos SGR<span class=\"_ _0\"></span>\u201d e \u201cPurchase Price<span class=\"_ _0\"></span> Allocation <span class=\"ls1 ws1\">\u2013 <span class=\"_ _b9\"> </span><span class=\"lse ws43e\">Kairos SG<span class=\"_ _0\"></span>R\u201d per ma<span class=\"_ _0\"></span>ggiori detta<span class=\"_ _0\"></span>gli </span></span>sull\u2019operaz<span class=\"_ _0\"></span>ione.  <span class=\"ls1 ws1\"> </span>2.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws0\">attivit\u00e0 imm<span class=\"_ _0\"></span>ateriali rilevate<span class=\"_ _0\"></span> a livello di bilancio d\u2019eserciz<span class=\"_ _0\"></span>io delle controllate:<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></span>a.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _24\"> </span></span><span class=\"ls0 ws76\">rapporti contrattuali,<span class=\"_ _0\"></span> valorizzati in sede<span class=\"_ _0\"></span> di PPA effettuata con<span class=\"_ _0\"></span> riferimento alla scis<span class=\"_ _0\"></span>sione </span>parziale<span class=\"_ _0\"></span> del ramo d\u2019azienda di BancoPost<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>Fondi S<span class=\"_ _0\"></span>GR (\u201cCompendio Scisso<span class=\"_ _0\"></span>\u201d <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws8c\">scissione a </span></span>fav<span class=\"_ _1\"></span>ore di<span class=\"_ _1\"></span> Anim<span class=\"_ _1\"></span>a SGR)<span class=\"_ _1c\"></span>, per <span class=\"_ _1\"></span>un val<span class=\"_ _1\"></span>ore r<span class=\"_ _1c\"></span>esiduo p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a Eur<span class=\"_ _1\"></span>o 55<span class=\"_ _1\"></span>,8 mil<span class=\"_ _1\"></span>ioni<span class=\"_ _1c\"></span>; in parti<span class=\"_ _1c\"></span><span class=\"ls31 ws18b\">co<span class=\"_ _0\"></span>lare \u00e8<span class=\"_ _0\"></span> sta<span class=\"_ _0\"></span>to </span>identificato<span class=\"_ _0\"></span> l\u2019intangibile \u201cAccordo Oper<span class=\"_ _0\"></span>ativo\u201d, il cui valore \u00e8 stato determinato sulla base dei fluss<span class=\"_ _0\"></span>i finanziari attesi,<span class=\"_ _0\"></span> generati dalle masse in gestione (AuM),<span class=\"_ _0\"></span> lungo la durata dell<span class=\"_ _1\"></span>\u2019Accord<span class=\"_ _1c\"></span>o Opera<span class=\"_ _1\"></span>tivo,<span class=\"_ _1\"></span> stipul<span class=\"_ _1\"></span>ato i<span class=\"_ _1\"></span>n data <span class=\"_ _1\"></span>6 ma<span class=\"_ _1\"></span>rzo 20<span class=\"_ _1\"></span>18 tra<span class=\"_ _1\"></span> Pos<span class=\"ls11 wse5\">te Itali<span class=\"_ _1\"></span>ane, BancoPosta </span>Fond<span class=\"_ _1\"></span>i SGR<span class=\"_ _1c\"></span>, Poste<span class=\"_ _1\"></span> Vita<span class=\"_ _1\"></span>, Ani<span class=\"_ _1c\"></span>ma Hold<span class=\"_ _1\"></span>ing <span class=\"_ _1\"></span>e Ani<span class=\"_ _1c\"></span>ma SGR<span class=\"_ _1\"></span>. La vi<span class=\"_ _1c\"></span>ta util<span class=\"_ _1c\"></span>e di tal<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1c\"></span> imma<span class=\"_ _1\"></span>teria<span class=\"_ _1\"></span>le \u00e8 s<span class=\"_ _1c\"></span>tata sti<span class=\"_ _1c\"></span>mata i<span class=\"_ _1\"></span>n qui<span class=\"_ _1\"></span>ndici<span class=\"_ _1\"></span> anni<span class=\"_ _1\"></span>, c<span class=\"_ _1\"></span>on am<span class=\"_ _1\"></span>morta<span class=\"_ _1c\"></span>mento i<span class=\"_ _1\"></span>n quo<span class=\"_ _1\"></span>te c<span class=\"_ _1\"></span>ostan<span class=\"_ _1\"></span>ti;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>b.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws189\">m<span class=\"_ _0\"></span>andati per la gestione in delega degli attivi derivanti dalle attivit\u00e0 di impresa </span>assicurativa (\u201cMandati di Gestione\u201d) acquisiti dalla controllata Anima SGR da Ba<span class=\"_ _1\"></span>nca Aletti S.p.A<span class=\"_ _1\"></span>. il<span class=\"_ _1\"></span> 29 gi<span class=\"_ _1\"></span>ugno <span class=\"_ _1\"></span>201<span class=\"_ _1\"></span>8 per <span class=\"_ _1c\"></span>un valo<span class=\"_ _1\"></span>re res<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>uo di<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>87,2 <span class=\"_ _1c\"></span>milioni<span class=\"_ _1\"></span>. In pa<span class=\"_ _1c\"></span>rticola<span class=\"_ _1\"></span>r<span class=\"ls35 ws5c\">e, tenuto </span>conto della<span class=\"_ _0\"></span> specificit\u00e0 de<span class=\"_ _0\"></span>ll\u2019acquisizione<span class=\"_ _0\"></span> in esame, il valore<span class=\"_ _0\"></span> dell\u2019attivit\u00e0 in<span class=\"_ _0\"></span>tangibile (pari a<span class=\"_ _0\"></span>l prezz<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>rrisp<span class=\"_ _1\"></span>osto a<span class=\"_ _1c\"></span> Banca A<span class=\"_ _1\"></span>letti)<span class=\"_ _1\"></span>, \u00e8 s<span class=\"_ _1c\"></span>tato de<span class=\"_ _1\"></span>termi<span class=\"_ _1\"></span>nato s<span class=\"_ _1c\"></span>ulla bas<span class=\"_ _1c\"></span>e delle<span class=\"_ _1\"></span> mass<span class=\"_ _1c\"></span>e trasfe<span class=\"_ _1\"></span>rite<span class=\"_ _1\"></span> ad Anima SGR alla data di acquisto (pari a circa Euro 9,4 m<span class=\"ls0 wsb1\">iliardi).<span class=\"_ _0\"></span> La vita utile<span class=\"_ _0\"></span> stimata </span>per<span class=\"_ _1\"></span> tale <span class=\"_ _1\"></span>inta<span class=\"_ _1\"></span>ngib<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> \u00e8 s<span class=\"_ _1\"></span>tata d<span class=\"_ _1c\"></span>efini<span class=\"_ _1\"></span>ta in<span class=\"_ _1c\"></span> venti a<span class=\"_ _1c\"></span>nni, c<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>rtam<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span> in q<span class=\"_ _1c\"></span>uote c<span class=\"_ _1\"></span>osta<span class=\"_ _1\"></span>nti. Si informa che su tale int<span class=\"_ _0\"></span>angibile, cos\u00ec come previsto dagli accordi sottos<span class=\"_ _0\"></span>critti in sede di acquisto (inte<span class=\"_ _0\"></span>grati/modificati nel corso d<span class=\"ls1c ws2a\">el 2020)<span class=\"_ _1\"></span>, \u00e8 stato rilev<span class=\"_ _1\"></span>ato nel c<span class=\"_ _1c\"></span>orso dell\u2019e<span class=\"_ _1\"></span>sercizi<span class=\"_ _1c\"></span>o </span>2025 un a<span class=\"_ _0\"></span>ggiust<span class=\"_ _0\"></span>amento pre<span class=\"_ _0\"></span>zzo da corri<span class=\"_ _0\"></span>sponder<span class=\"_ _0\"></span>e alla con<span class=\"_ _0\"></span>tropart<span class=\"_ _0\"></span>e per cir<span class=\"_ _0\"></span>ca Euro 425,4 migliaia;<span class=\"ls1 ws1\"> </span>c.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _10d\"> </span></span><span class=\"ls0 wsd5\">il marchio <span class=\"lse ws0\">di  <span class=\"ls31 ws5c\">Kairos<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _15\"> </span><span class=\"ls35 ws16\">SGR<span class=\"_ _0\"></span></span></span></span></span>, acquisito dalla s<span class=\"_ _0\"></span>ociet\u00e0 contr<span class=\"_ _0\"></span>ollata prima <span class=\"ls1c ws24c\">dell\u2019ing<span class=\"_ _1\"></span>resso nel<span class=\"_ _1c\"></span> </span></span>Gruppo An<span class=\"_ _0\"></span>ima<span class=\"ls30 wsba\">, per <span class=\"_ _1\"></span>un va<span class=\"_ _1\"></span>lore r<span class=\"_ _1\"></span>esidu<span class=\"_ _1\"></span>o pari a<span class=\"_ _1\"></span> Euro<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 wsb1\">1.887 m<span class=\"_ _0\"></span>igliaia, con vita<span class=\"_ _0\"></span> utile definit<span class=\"_ _0\"></span>a </span></span></span>sulla base della dur<span class=\"_ _0\"></span>ata di <span class=\"ls31 ws5c\">Kairos<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><span class=\"ws2b\">SGR come prev<span class=\"_ _0\"></span>isto da<span class=\"_ _0\"></span>llo st<span class=\"_ _0\"></span>atuto<span class=\"ls1 ws1\">; </span></span></span>d.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws82\">il m<span class=\"_ _0\"></span>archio Halldis rilevato da Vita Srl, valorizzato in sede di PPA effettuata con riferimento </span>al con<span class=\"_ _0\"></span>feriment<span class=\"_ _0\"></span>o del ramo d\u2019<span class=\"_ _0\"></span>azien<span class=\"_ _0\"></span>da avvenuto i<span class=\"_ _0\"></span>n data 6 ago<span class=\"_ _0\"></span>sto 2024, p<span class=\"_ _0\"></span>er un valore residuo pari a circa Euro 520 migliaia, con vita utile definita in dieci anni e ammort<span class=\"_ _0\"></span>amento in quo<span class=\"_ _0\"></span>te costa<span class=\"_ _0\"></span>nti.  <span class=\"ls1 ws1\"> </span>Si ricor<span class=\"_ _0\"></span>da che, per le operazioni di acquisiz<span class=\"_ _0\"></span>ione riferite alla e<span class=\"_ _0\"></span>x Gestielle SGR, al Compendio Scisso e ai Mandat<span class=\"_ _0\"></span>i di Gestione, gli accordi defin<span class=\"_ _0\"></span>iti (come integrati/modific<span class=\"_ _0\"></span>ati da quanto sottoscritto<span class=\"_ _0\"></span> nel corso del 2<span class=\"_ _0\"></span>020) preve<span class=\"_ _0\"></span>dono, in linea con la pr<span class=\"_ _0\"></span>assi di <span class=\"ls30 wsac\">operaz<span class=\"_ _1\"></span>ioni a<span class=\"_ _1c\"></span>naloghe<span class=\"_ _1\"></span>, </span>specifici me<span class=\"_ _0\"></span>ccanismi di protezione e gar<span class=\"_ _0\"></span>anzia (ad esempio meccanismi di aggiusta<span class=\"_ _0\"></span>mento<span class=\"_ _4ac\"> </span>prezz<span class=\"_ _1\"></span>o, mecca<span class=\"_ _1c\"></span>nismi di<span class=\"_ _1\"></span> <span class=\"ff5 ls33 wsb6\">e<span class=\"_ _11\"></span>arn<span class=\"_ _13\"></span><span class=\"ls1 ws1\">-<span class=\"_ _0\"></span><span class=\"ls39 ws43f\">in<span class=\"_ _13\"></span> <span class=\"_ _0\"></span>/<span class=\"_ _0\"></span> e<span class=\"_ _11\"></span>ar<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span></span>-<span class=\"ls51 ws14d\">o<span class=\"_ _0\"></span>ut</span></span></span><span class=\"ls0 wsd5\">, mantenimento di determin<span class=\"_ _0\"></span>ati livelli di quote di </span>merca<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span> part<span class=\"_ _1c\"></span>e delle c<span class=\"_ _1\"></span>ontrop<span class=\"_ _1\"></span>arti <span class=\"_ _1\"></span>dei p<span class=\"_ _1\"></span>rod<span class=\"_ _1\"></span>otti <span class=\"_ _1\"></span>gesti<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima, <span class=\"_ _1c\"></span>meccanis<span class=\"_ _1c\"></span>mi di ve<span class=\"_ _1\"></span>rific<span class=\"_ _1\"></span>a della perform<span class=\"_ _0\"></span>ance dei prodotti gestiti dal Gruppo Anima e rimedi in cas<span class=\"_ _1\"></span>o di <span class=\"ff5 ls38 ws77\">un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rfo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> </span>degl<span class=\"_ _1\"></span>i stes<span class=\"_ _1\"></span>si). P<span class=\"_ _1\"></span>er mag<span class=\"_ _1c\"></span>giori de<span class=\"_ _1\"></span>ttagli<span class=\"_ _1\"></span>, si ri<span class=\"_ _1c\"></span>manda<span class=\"_ _1\"></span> al Ca<span class=\"_ _1\"></span>pitol<span class=\"_ _1\"></span>o XXII<span class=\"_ _1\"></span> del P<span class=\"_ _1\"></span>rospe<span class=\"_ _1\"></span>tto I<span class=\"_ _1\"></span>nforma<span class=\"_ _1c\"></span>tivo pubblicato in dat<span class=\"_ _0\"></span>a 23 marzo 2018 relativo all\u2019aumento di capitale e ai documenti informativi relativi ad operazion<span class=\"_ _0\"></span>i di<span class=\"_ _1\"></span> maggiore rilevanza co<span class=\"ls1d ws6a\">n pa<span class=\"_ _0\"></span>rti cor<span class=\"_ _0\"></span>relate p<span class=\"_ _0\"></span>ubbli<span class=\"_ _0\"></span>cate in dat<span class=\"_ _0\"></span>a 7 april<span class=\"_ _0\"></span>e 2020 </span>e in data 21 maggio 2020,<span class=\"_ _0\"></span> disponibili sul sito della Societ<span class=\"_ _0\"></span>\u00e0.<span class=\"ls1 ws1\"> </span>Nella success<span class=\"_ _0\"></span>iva tabella si fornisce la riconc<span class=\"_ _0\"></span>iliazione tra le partec<span class=\"_ _0\"></span>ipazioni detenute dalla Societ\u00e0 ed iscr<span class=\"_ _0\"></span>itte nel Bilancio di Eserc<span class=\"_ _0\"></span>izio e le attivit\u00e0 immater<span class=\"_ _0\"></span>iali evidenziate nel presente<span class=\"_ _0\"></span> Bilancio Cons<span class=\"_ _0\"></span>olidato:<table class=\"s w6ff h466\" id=\"_f61d894c-51ed-4794-9993-a6aef52e4d7c\"><tr><td class=\"c x212 y3655 w700 h467\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ioni iscritte<span class=\"_ _0\"></span> su Anim<span class=\"_ _0\"></span>a Holding bilancio separat<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f2 y3655 w701 h467\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">1.926.<span class=\"_ _0\"></span>925<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3656 w702 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Rett<span class=\"_ _0\"></span>ifica p<span class=\"_ _0\"></span>er LTI<span class=\"_ _0\"></span>P d<span class=\"_ _0\"></span>elle<span class=\"_ _0\"></span> part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ioni iscritte s<span class=\"_ _0\"></span>u Anima Holding<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f3 y3656 w703 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(82.<span class=\"_ _0\"></span>649)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3657 w704 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1db ws444\">Rett<span class=\"_ _0\"></span>ifica pe<span class=\"_ _0\"></span>r versame<span class=\"_ _0\"></span>nto a fondo ped<span class=\"_ _0\"></span>uto pe<span class=\"_ _0\"></span>r acquisizione M<span class=\"_ _0\"></span>andati d<span class=\"_ _0\"></span>i Gestione d<span class=\"_ _0\"></span>a Banca Aletti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f4 y3657 w703 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(90.<span class=\"_ _0\"></span>000)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3658 w705 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1db ws444\">Cap<span class=\"_ _0\"></span>itale Sociale Anim<span class=\"_ _0\"></span>a Alte<span class=\"_ _0\"></span>rnative e versam<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i a fondo pe<span class=\"_ _0\"></span>rduto<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f5 y3658 w706 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(6.<span class=\"_ _0\"></span>567)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3659 w707 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Pat<span class=\"_ _0\"></span>rimonio Nett<span class=\"_ _0\"></span>o di Anim<span class=\"_ _0\"></span>a SGR alla data d<span class=\"_ _0\"></span>i acquisiz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f6 y3659 w708 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(172.<span class=\"_ _0\"></span>084)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y365a w709 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Diff<span class=\"_ _0\"></span>erenz<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>oriche di consolidame<span class=\"_ _0\"></span>nto de<span class=\"_ _0\"></span>lle societ\u00e0 controllat<span class=\"_ _0\"></span>e da A<span class=\"_ _0\"></span>nima SGR<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f7 y365a w70a h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">9.<span class=\"_ _0\"></span>186<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1b9b ff5 fs3a fc0 sc0 ls1dc ws445\">Lus<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>burgo G<span class=\"_ _13\"></span>es<span class=\"_ _0\"></span>tioni SA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1b9c ff1 fs3a fc0 sc0 ls1dd ws446\">5.836<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y365d w70b h468\"><div class=\"t m2d x1fa h1a3 y365c ff5 fs3a fc0 sc0 ls1de ws447\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x47f h1a3 y365c ff5 fs3a fc0 sc0 ls1de ws447\">n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a M<span class=\"_ _13\"></span>anag<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>pan<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> S<span class=\"_ _13\"></span>A<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1b9f ff1 fs3a fc0 sc0 ls1dd ws446\">5.218<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3660 w70c h469\"><div class=\"t m2d x1fa h1a3 y365e ff5 fs3a fc0 sc0 ls1df ws448\">A<span class=\"_ _0\"></span>ni<span class=\"_ _1c\"></span>ma<span class=\"_ _1\"></span> A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span> Ma<span class=\"_ _1\"></span>na<span class=\"_ _1c\"></span>gement<span class=\"_ _1c\"></span> Ltd<span class=\"_ _1c\"></span> e ex AA<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> IF<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Pat<span class=\"_ _0\"></span>rimonio Nett<span class=\"_ _0\"></span>o di Cas<span class=\"_ _0\"></span>tello SGR alla dat<span class=\"_ _0\"></span>a di acquis<span class=\"_ _0\"></span>izione e int<span class=\"_ _0\"></span>eress<span class=\"_ _0\"></span>enze<span class=\"_ _0\"></span> di t<span class=\"_ _0\"></span>erzi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f8 y3661 w70d h42f\"><div class=\"t m2d x1fa h1a1 y365f ff1 fs3a fc0 sc0 ls1dd ws446\">(1.868)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f9 y3660 w70e h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">2.419<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3662 w70f h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Avviament<span class=\"_ _0\"></span>o prese<span class=\"_ _0\"></span>nte ne<span class=\"_ _0\"></span>lle societ\u00e0<span class=\"_ _0\"></span> part<span class=\"_ _0\"></span>ecipat<span class=\"_ _0\"></span>e alla da<span class=\"_ _0\"></span>ta d<span class=\"_ _0\"></span>i acquisizione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fa y3662 w710 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">30.342<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1ba6 ff5 fs3a fc0 sc0 ls1de ws447\">A<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x155 h1a1 y1ba7 ff1 fs3a fc0 sc0 ls1dd ws446\">25.686<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">      <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3663 w711 h468\"><div class=\"t m2d x1fa h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">C<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x47f h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">as<span class=\"_ _0\"></span>te<span class=\"_ _13\"></span>llo S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1baa ff1 fs3a fc0 sc0 ls1dd ws446\">1.780<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bab ff5 fs3a fc0 sc0 ls1e0 ws449\">V<span class=\"_ _0\"></span>ita S<span class=\"_ _0\"></span>.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1bac ff1 fs3a fc0 sc0 ls1dd ws446\">2.876<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3664 w712 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Pat<span class=\"_ _0\"></span>rimonio Nett<span class=\"_ _0\"></span>o di Kairos SGR alla data d<span class=\"_ _0\"></span>i acquisiz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fb y3664 w713 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws44a\">(27.<span class=\"_ _0\"></span>302)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1baf ff5 fs3a fc0 sc0 ls1de ws447\">K<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bb0 ff1 fs3a fc0 sc0 ls1dd ws446\">(27.302)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3665 w714 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Ad<span class=\"_ _0\"></span>eguament<span class=\"_ _0\"></span>o per int<span class=\"_ _0\"></span>angibili rilevat<span class=\"_ _0\"></span>i in sed<span class=\"_ _0\"></span>e di P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A (al ne<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o delle im<span class=\"_ _0\"></span>post<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iffe<span class=\"_ _0\"></span>rite)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fc y3665 w708 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(460.<span class=\"_ _0\"></span>542)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bb2 ff5 fs3a fc0 sc0 ls1df ws448\">A<span class=\"_ _0\"></span>ni<span class=\"_ _1c\"></span>ma<span class=\"_ _1\"></span> SGR (<span class=\"_ _1\"></span>PPA eserci<span class=\"_ _1c\"></span>zi<span class=\"_ _1c\"></span> pr<span class=\"_ _1c\"></span>eceden<span class=\"_ _1\"></span>ti<span class=\"_ _1c\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bb3 ff1 fs3a fc0 sc0 ls1dd ws446\">(91.164)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3666 w715 h468\"><div class=\"t m2d x1fa h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x47f h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ti n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l bilan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ilis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> de<span class=\"_ _13\"></span>lla co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>llata)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bb6 ff1 fs3a fc0 sc0 ls1dd ws446\">(17.745)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bb7 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (rif<span class=\"_ _0\"></span>. A<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>a SG<span class=\"_ _13\"></span>R<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> Lu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>. G<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ni)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1bb8 ff1 fs3a fc0 sc0 ls1dd ws446\">7.886<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bb9 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i ne<span class=\"_ _13\"></span>l bilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ilis<span class=\"_ _13\"></span>tic<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lla c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>llata e<span class=\"_ _0\"></span> rif<span class=\"_ _0\"></span>. A<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rta S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R e<span class=\"_ _13\"></span> Lus<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> G<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x41 h1a1 y1bba ff1 fs3a fc0 sc0 ls1dd ws446\">(9.680)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">       <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bbb ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (rif<span class=\"_ _0\"></span>. G<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>tie<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _0\"></span>) </div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x17e h1a1 y1bbc ff1 fs3a fc0 sc0 ls1dd ws446\">(267.874)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">   <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bbd ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (rif<span class=\"_ _0\"></span>. B<span class=\"_ _13\"></span>PF<span class=\"_ _0\"></span>) </div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bbe ff1 fs3a fc0 sc0 ls1dd ws446\">(75.272)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bbf ff5 fs3a fc0 sc0 ls1e0 ws449\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>llo<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R (<span class=\"_ _0\"></span>PP<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x41 h1a1 y1bc0 ff1 fs3a fc0 sc0 ls1dd ws446\">(8.777)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">       <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bc1 ff5 fs3a fc0 sc0 ls1e0 ws449\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>llo<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R (<span class=\"_ _0\"></span>pre<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ti n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ilis<span class=\"_ _13\"></span>tic<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lla c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>llata)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1bc2 ff1 fs3a fc0 sc0 ls1dd ws446\">2.479<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bc3 ff5 fs3a fc0 sc0 ls1e1 ws44b\">Vita<span class=\"_ _1c\"></span> (PPA<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x103 h1a1 y1bc4 ff1 fs3a fc0 sc0 ls1dd ws446\">(395)<span class=\"_ _24d\"></span><span class=\"ls1 ws443\">          <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3667 w716 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1e2 ws44c\">Re<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> valor<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r one<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span> acce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ori a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o pa<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>cond<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> a con<span class=\"_ _0\"></span>to e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>co (I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 3)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fd y3667 w717 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(22.<span class=\"_ _0\"></span>804)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3668 w718 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Altr<span class=\"_ _0\"></span>e ret<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>iche di valore pe<span class=\"_ _0\"></span>r principi int<span class=\"_ _0\"></span>ernaz<span class=\"_ _0\"></span>ionali<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fe y3668 w719 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(1.266)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3669 w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bc9 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (ade<span class=\"_ _13\"></span>g. al f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>tit<span class=\"_ _0\"></span>o s<span class=\"_ _13\"></span>ub<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>inato<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> alla data d<span class=\"_ _0\"></span>i acq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>izio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> al ne<span class=\"_ _13\"></span>tto<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span> im<span class=\"_ _13\"></span>po<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y3669 w157 h1a0\"><div class=\"t m2d x103 h1a1 y1bca ff1 fs3a fc0 sc0 ls1dd ws446\">(609)<span class=\"_ _24d\"></span><span class=\"ls1 ws443\">          <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x7ff y366b w71a h46a\"><div class=\"t m2d x1fa h1a3 y366a ff5 fs3a fc0 sc0 ls1e0 ws449\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i P<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>ivit<span class=\"_ _0\"></span>\u00e0 pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rris<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ziali ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>ati in<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>de<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i P<span class=\"_ _0\"></span>PA<span class=\"_ _13\"></span> e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>pe<span class=\"_ _13\"></span>rta<span class=\"_ _4ac\"> </span></div></td><td class=\"c x800 y366b w71b h46a\"><div class=\"t m2d x1fa h1a3 y366a ff5 fs3a fc0 sc0 ls1e3 ws44d\">(<span class=\"_ _0\"></span>657)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y366c w71c h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Rilevazione nel conto economico co<span class=\"_ _1\"></span>nsolidat<span class=\"_ _0\"></span>o dell'aggiustam<span class=\"_ _0\"></span>ento p<span class=\"_ _0\"></span>rezz<span class=\"_ _0\"></span>o (IFRS3) acq<span class=\"_ _0\"></span>uisizioni ese<span class=\"_ _0\"></span>rcizi pre<span class=\"_ _0\"></span>cede<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x801 y366c w71d h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">53.<span class=\"_ _0\"></span>659<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y366d w71e h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Rilevazione nel conto economico co<span class=\"_ _1\"></span>nsolidat<span class=\"_ _0\"></span>o del Badwill (<span class=\"_ _0\"></span>IFRS3) acq<span class=\"_ _0\"></span>uisizione Kairos Part<span class=\"_ _0\"></span>ners<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x802 y366d w70e h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">8.661<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y366e w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bd1 ff5 fs3a fc0 sc0 ls1e0 ws449\">B<span class=\"_ _0\"></span>adw<span class=\"_ _13\"></span>ill P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span> s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span> D<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>re<span class=\"_ _0\"></span>nza P<span class=\"_ _0\"></span>N<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>re<span class=\"_ _13\"></span>zzo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y366e w157 h1a0\"><div class=\"t m2d xfd h1a1 y1bd2 ff1 fs3a fc0 sc0 ls1dd ws446\">8.661<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y366f w71f h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Rett<span class=\"_ _0\"></span>ifica utili/p<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>ite d<span class=\"_ _0\"></span>a cessione d<span class=\"_ _0\"></span>i part<span class=\"_ _0\"></span>ecip<span class=\"_ _0\"></span>azione intragrup<span class=\"_ _0\"></span>po ese<span class=\"_ _0\"></span>rcizi pre<span class=\"_ _0\"></span>cede<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x803 y366f w720 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(<span class=\"_ _0\"></span>90)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3670 w721 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1e2 ws44c\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> avvia<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o Bil<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>o cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o a<span class=\"_ _0\"></span>l 31/12/2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x804 y3670 w701 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">1.167.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a1 y1bd6 ff2 fs3a fc0 sc0 ls1d9 ws441\">Riconc<span class=\"_ _1\"></span>iliazione at<span class=\"_ _0\"></span>tivit\u00e0 im<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ateriali Bilancio Consolidato al 31/1<span class=\"_ _1\"></span>2/20<span class=\"_ _1\"></span>25<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x405 y3671 w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bd8 ff5 fs3a fc0 sc0 ls1e0 ws449\">Fair v<span class=\"_ _0\"></span>alue<span class=\"_ _13\"></span> de<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> ide<span class=\"_ _13\"></span>ntif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i in s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>de<span class=\"_ _13\"></span> di P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span> al lord<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> di am<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span>i e<span class=\"_ _0\"></span>d im<span class=\"_ _13\"></span>po<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y3671 w157 h1a0\"><div class=\"t m2d xb8 h1a1 y1bd9 ff1 fs3a fc0 sc0 ls1dd ws446\">616.310<span class=\"_ _2b4\"></span><span class=\"ls1 ws443\">             <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x405 y3672 w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bdb ff5 fs3a fc0 sc0 ls1e0 ws449\">Fair v<span class=\"_ _0\"></span>alue<span class=\"_ _13\"></span> de<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li  altri in<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>ili a v<span class=\"_ _0\"></span>ita ut<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>init<span class=\"_ _0\"></span>a </div></td><td></td><td class=\"c x405 y3672 w157 h1a0\"><div class=\"t m2d xb8 h1a1 y1bdc ff1 fs3a fc0 sc0 ls1dd ws446\">139.176<span class=\"_ _2b4\"></span><span class=\"ls1 ws443\">             <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x405 y3673 w157 h1a5\"><div class=\"t m2d x24 h1a3 y1b90 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ti in<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>ili ann<span class=\"_ _0\"></span>i 2009-2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y3673 w157 h1a5\"><div class=\"t m2d x88 h1a1 y1bde ff1 fs3a fc0 sc0 ls1dd ws446\">(411.141)<span class=\"_ _70\"></span><span class=\"ls1 ws443\">            <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y3674 w722 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili Bilancio co<span class=\"_ _1\"></span>nsolidat<span class=\"_ _0\"></span>o al 31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/202<span class=\"_ _1\"></span>5<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x805 y3674 w723 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">344.344<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3675 w724 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Altr<span class=\"_ _0\"></span>e imm<span class=\"_ _0\"></span>obilizz<span class=\"_ _0\"></span>azioni imm<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>riali consolidate<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x806 y3675 w725 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">4.860<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w726 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Totale<span class=\"_ _0\"></span> att<span class=\"_ _0\"></span>ivit\u00e0 imm<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>riali da Bilancio Consolidato al 31/1<span class=\"_ _1\"></span>2/20<span class=\"_ _1\"></span>25<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x807 y345e w727 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">1.<span class=\"_ _0\"></span>517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td></tr></table>Impairmen<span class=\"_ _0\"></span>t test<span class=\"_ _4ac\"> </span>L\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto, s<span class=\"_ _1\"></span>eco<span class=\"_ _1\"></span>ndo <span class=\"_ _1\"></span>quant<span class=\"_ _1\"></span>o disp<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>o dall<span class=\"_ _1\"></span>o IA<span class=\"_ _1\"></span>S 36, d<span class=\"_ _1c\"></span>eve esse<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>osto a<span class=\"_ _1c\"></span>nnualme<span class=\"_ _1\"></span>nte a<span class=\"_ _1c\"></span>d<span class=\"_ _4ac\"> </span>im<span class=\"_ _0\"></span>pai<span class=\"_ _1c\"></span>rm<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">per verificarne la recu<span class=\"_ _0\"></span>perabilit\u00e0.<span class=\"_ _4ac\"> </span></span></span>Vi \u00e8 una perdita di va<span class=\"_ _0\"></span>lore ogniqualvolta il valor<span class=\"_ _0\"></span>e contabile (\u201c<span class=\"ff5 ls33 ws312\">c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span> am<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>\u201d</span><span class=\"lsf ws11a\">) di un\u2019a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1c\"></span>t\u00e0 <span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span></span>intes<span class=\"_ _1\"></span>a ind<span class=\"_ _1c\"></span>ividual<span class=\"_ _1c\"></span>mente<span class=\"_ _1\"></span> o com<span class=\"_ _1c\"></span>e <span class=\"ff5 ls41 ws346\">ca<span class=\"_ _d\"></span>sh gene<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>ti<span class=\"_ _1c\"></span>ng uni<span class=\"_ _d\"></span>t <span class=\"ff1 ls11 wsfb\">(\u201cCGU\u201d), ovvero il \u201ccentro di ricavo\u201d di<span class=\"_ _4ac\"> </span></span></span>minori dimens<span class=\"_ _0\"></span>ioni a cui \u00e8 possibile<span class=\"_ _0\"></span> imputare specifici flu<span class=\"_ _0\"></span>ssi di cassa<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"lse wsce\">\u00e8<span class=\"_ _0\"></span> maggiore<span class=\"_ _0\"></span> del valore<span class=\"_ _4ac\"> </span></span></span>recupera<span class=\"_ _0\"></span>bile della stessa (\"<span class=\"ff5 ls38 wsf5\">re<span class=\"_ _13\"></span>cov<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ra<span class=\"_ _1c\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt\u201d<span class=\"ff1 ls0 ws76\">). Il valore<span class=\"_ _0\"></span> recuperabile \u00e8 il maggio<span class=\"_ _0\"></span>re tra il fair<span class=\"_ _4ac\"> </span></span></span>value al netto de<span class=\"_ _0\"></span>i costi di vendita e il valore d\u2019uso (\u201c<span class=\"ff5 ls41 ws315\">va<span class=\"_ _1c\"></span>l<span class=\"_ _1\"></span>ue <span class=\"_ _0\"></span>i<span class=\"_ _1c\"></span>n use\")<span class=\"_ _1c\"></span><span class=\"ff1 ls1 ws1\">.<span class=\"_ _4ac\"> </span></span></span>A tal fine,<span class=\"_ _0\"></span> l\u2019avviamento deve esse<span class=\"_ _0\"></span>re allocato a<span class=\"_ _0\"></span> singole o a gruppi di un<span class=\"_ _0\"></span>it\u00e0 generatr<span class=\"_ _0\"></span>ici di flussi<span class=\"_ _4ac\"> </span>finanziari de<span class=\"_ _0\"></span>ll\u2019acquirente in modo che tali unit\u00e0 beneficino delle s<span class=\"_ _0\"></span>inergie dell\u2019aggregazione,<span class=\"_ _4ac\"> </span>indi<span class=\"_ _1\"></span>pend<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e dal<span class=\"_ _1c\"></span> fatto c<span class=\"_ _1c\"></span>he altr<span class=\"_ _1c\"></span>e attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>o pas<span class=\"_ _1c\"></span>sivit\u00e0<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span><span class=\"ls0 ws8b\">\u2019acquisito s<span class=\"_ _0\"></span>iano assegnate a tali<span class=\"_ _4ac\"> </span></span>unit\u00e0<span class=\"_ _1\"></span> o gr<span class=\"_ _1\"></span>uppi<span class=\"_ _1\"></span> di u<span class=\"_ _1\"></span>nit\u00e0<span class=\"_ _1\"></span>. Nel Bilancio consolidat<span class=\"_ _0\"></span>o di Anima Holding, le attivit\u00e0 immateriali a vita utile indefinita,<span class=\"_ _4ac\"> </span>rappresentate<span class=\"_ _0\"></span> dagli avviamenti, ammontano complessivamente a Euro 1.167,9 milioni; in<span class=\"_ _4ac\"> </span>seguito, alle varie<span class=\"_ _0\"></span> acquisizioni/fusion<span class=\"_ _0\"></span>i per incorporazione avvenute negli anni, gli avviame<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span>sono da consider<span class=\"_ _0\"></span>arsi un unico ed indistinto avviamento,<span class=\"_ _0\"></span> allocato all\u2019unica CGU<span class=\"_ _4ac\"> </span>compless<span class=\"_ _0\"></span>ivamente dedicata alla gestione del risparmio (\u201cCG<span class=\"_ _0\"></span>U Anima\u201d <span class=\"ls1 ws1\">- <span class=\"_ _18\"> </span><span class=\"ls11 wsb7\">rappr<span class=\"_ _0\"></span>esentata dalle<span class=\"_ _4ac\"> </span></span></span>soci<span class=\"_ _1\"></span>et\u00e0 op<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>tive d<span class=\"_ _1c\"></span>el Grup<span class=\"_ _1\"></span>po),<span class=\"_ _1c\"></span> in qua<span class=\"_ _1\"></span>nto: \u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span> <span class=\"ls0 ws81\">il management del Gruppo gestisce le societ\u00e0 alla stregu<span class=\"_ _0\"></span>a di <span class=\"_ _1\"></span>un\u2019unic<span class=\"_ _0\"></span>a CGU, in grado di<span class=\"_ _4ac\"> </span></span>gener<span class=\"_ _0\"></span>are flussi di reddito<span class=\"_ _0\"></span> e di cassa; \u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span><span class=\"lsf wsd6\">non esis<span class=\"_ _1c\"></span>te un repo<span class=\"_ _1c\"></span>rting sep<span class=\"_ _1\"></span>arat<span class=\"_ _1c\"></span>o <span class=\"_ _0\"></span>(\u201c<span class=\"ff5 ls54 ws44e\">s<span class=\"_ _1c\"></span>eg<span class=\"_ _1c\"></span>men<span class=\"_ _1\"></span>t<span class=\"_ _1c\"></span> r<span class=\"_ _1\"></span>ep<span class=\"_ _1c\"></span>or<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>ng<span class=\"_ _1c\"></span><span class=\"ff1 ls0 ws5f\">\u201d) per le attivit\u00e0 oggetto di acquisizione;<span class=\"_ _4ac\"> </span></span></span></span>\u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span><span class=\"lsf wsf1\">Anima<span class=\"_ _1\"></span> Hol<span class=\"_ _1\"></span>ding<span class=\"_ _1\"></span> non<span class=\"_ _1\"></span> deti<span class=\"_ _1c\"></span>ene al<span class=\"_ _1\"></span>cuna<span class=\"_ _1\"></span> atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span>/pa<span class=\"_ _1\"></span>ssivi<span class=\"_ _1\"></span>t\u00e0 es<span class=\"_ _1c\"></span>tranea a<span class=\"_ _1\"></span>l p<span class=\"_ _1\"></span>ropri<span class=\"_ _1\"></span>o bus<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>ss (<span class=\"_ _1\"></span>c.d.<span class=\"_ _4ac\"> </span></span>sur<span class=\"_ _1c\"></span>pl<span class=\"_ _1c\"></span>us a<span class=\"_ _d\"></span>sset<span class=\"ff1 ls32 ws5e\">). </span>Inoltre, a<span class=\"_ _0\"></span>ll\u2019interno della CGU Anima a cui \u00e8 all<span class=\"_ _1\"></span>ocato l\u2019<span class=\"_ _0\"></span>avviamento, sono ricomprese le attivit\u00e0<span class=\"_ _4ac\"> </span>immateriali a vita utile definit<span class=\"_ _0\"></span>a, individuate in fase di PPA o attraverso attivit\u00e0 acquisite, per un<span class=\"_ _4ac\"> </span>impo<span class=\"_ _1\"></span>rto tota<span class=\"_ _1\"></span>le resi<span class=\"_ _1\"></span>duo (<span class=\"_ _1\"></span>al net<span class=\"_ _1\"></span>to degli<span class=\"_ _1\"></span> ammo<span class=\"_ _1\"></span>rtamen<span class=\"_ _1\"></span>ti e dell<span class=\"_ _1c\"></span><span class=\"ls1c ws102\">e <span class=\"_ _0\"></span>impos<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>e d<span class=\"_ _1\"></span>ifferit<span class=\"_ _1\"></span>e eventual<span class=\"_ _1c\"></span>mente<span class=\"_ _4ac\"> </span></span>iscritte) di c<span class=\"_ _0\"></span>irca Euro 282 milioni. Il princ<span class=\"_ _0\"></span>ipio contabile internaz<span class=\"_ _0\"></span>ionale IAS 36 prevede<span class=\"_ _0\"></span> che su tali att<span class=\"_ _0\"></span>ivit\u00e0 immateriali a vit<span class=\"_ _0\"></span>a utile<span class=\"_ _4ac\"> </span>definita venga effettuato una verifica de<span class=\"_ _0\"></span>l<span class=\"ls0 ws99\">l\u2019esistenza di in<span class=\"_ _0\"></span>dicatori di perdite di valor<span class=\"_ _0\"></span>e (\u201c<span class=\"ff5 ls38 ws77\">trigge<span class=\"_ _0\"></span>r<span class=\"_ _4ac\"> </span></span></span>e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"ff1 ls11 ws5\">\u201d).<span class=\"_ _4ac\"> </span></span>Si conferma che le valutazion<span class=\"_ _0\"></span>i effettuate dal Gruppo Anima su tali attivit\u00e0 immateriali a vita utile<span class=\"_ _4ac\"> </span>definit<span class=\"_ _0\"></span>a non hanno rilevato la presenza<span class=\"_ _0\"></span> di indicatori di perdita di va<span class=\"_ _0\"></span>lore e quindi non \u00e8 stato<span class=\"_ _4ac\"> </span>effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>to un <span class=\"ff5 ls38 ws113\">i<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t te<span class=\"_ _13\"></span>st<span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws0\">specifico sulle singole att<span class=\"_ _0\"></span>ivit\u00e0 immateriali a vita ut<span class=\"_ _0\"></span>ile definita. </span></span></span>Tutta<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>, in c<span class=\"_ _1\"></span>onti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1c\"></span> con le <span class=\"_ _1c\"></span>scelte <span class=\"_ _1\"></span>effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>te in<span class=\"_ _1\"></span> pass<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po Ani<span class=\"_ _1c\"></span>ma ha r<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>nuto<span class=\"_ _4ac\"> </span>oppor<span class=\"_ _1\"></span>tuno so<span class=\"_ _1c\"></span>ttoporre<span class=\"_ _1\"></span> ad <span class=\"ff5 ls11 ws112\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls0 wsd5\">, oltre che all\u2019avv<span class=\"_ _0\"></span>iamento, anche le altre attivit\u00e0<span class=\"_ _4ac\"> </span></span>immateriali a v<span class=\"_ _0\"></span>ita utile de<span class=\"_ _0\"></span>finita present<span class=\"_ _0\"></span>i nel presente Bilanc<span class=\"_ _0\"></span>io consolidato. Per<span class=\"_ _0\"></span>tanto,<span class=\"_ _4ac\"> </span>l\u2019<span class=\"ff5 ls11\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _11\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span> te<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"lsf ws1f\">ha l\u2019<span class=\"_ _1\"></span>obi<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>o di va<span class=\"_ _1\"></span>luta<span class=\"_ _1c\"></span>re la t<span class=\"_ _1\"></span>enuta<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> <span class=\"ff5 ls38 ws113\">ca<span class=\"_ _1\"></span>rry<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">della C<span class=\"_ _0\"></span>GU Anima.<span class=\"_ _4ac\"> </span></span></span></span></span></span>Nella con<span class=\"_ _0\"></span>duzione de<span class=\"_ _0\"></span>l <span class=\"ff5 ls11 ws140\">te<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i im<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </span><span class=\"ls35 ws8e\">al 31<span class=\"_ _0\"></span> dicembre 20<span class=\"_ _0\"></span>25, si \u00e8 te<span class=\"_ _0\"></span>nuto cont<span class=\"_ _0\"></span>o anche di qu<span class=\"_ _0\"></span>anto<span class=\"_ _4ac\"> </span></span>segu<span class=\"_ _0\"></span>e:<span class=\"_ _4ac\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws29\">Il <span class=\"_ _20\"> </span><span class=\"ff5 ls11 wsfb\">P<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span></span><span class=\"ff1\"> <span class=\"_ _20\"> </span><span class=\"ls1c ws9a\">del 14 o<span class=\"_ _1\"></span>ttobr<span class=\"_ _1\"></span>e 2025 d<span class=\"_ _1c\"></span>ell\u2019ESMA <span class=\"ff5 ls41 ws346\">\u201c<span class=\"_ _d\"></span>Eur<span class=\"_ _1c\"></span>o<span class=\"_ _0\"></span>pea<span class=\"_ _d\"></span>n<span class=\"_ _0\"></span> co<span class=\"_ _1\"></span>mm<span class=\"_ _0\"></span>on enfor<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _4ac\"> </span></span></span></span></span>p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>ra<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> re<span class=\"_ _13\"></span>po<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>\u201d <span class=\"ff1 ls0 wsfa\">ribadisce alcune r<span class=\"_ _0\"></span>accomandazioni che <span class=\"_ _0\"></span>gli<span class=\"_ _4ac\"> </span></span>emittent<span class=\"_ _0\"></span>i dovrebbero seguire ne<span class=\"_ _0\"></span>lla predisposizione de<span class=\"_ _0\"></span>i bilanci rifer<span class=\"_ _0\"></span>iti all\u2019eserc<span class=\"_ _0\"></span>izio 2025;<span class=\"_ _4ac\"> </span>in particolare  richiama l\u2019att<span class=\"_ _0\"></span>enzione (i) sull\u2019importanza che le proiezioni dei flussi di cassa<span class=\"_ _4ac\"> </span>siano r<span class=\"_ _0\"></span>ealistiche<span class=\"_ _0\"></span> e aggiorn<span class=\"_ _0\"></span><span class=\"ws8c\">ate sulla base de<span class=\"_ _0\"></span>ll'evoluzione del co<span class=\"_ _0\"></span>ntesto geopolitico,<span class=\"_ _0\"></span> anche<span class=\"_ _4ac\"> </span></span>nell'am<span class=\"_ _0\"></span>bito delle determinazioni del va<span class=\"_ _0\"></span>lore d'uso delle CGU oggetto di im<span class=\"lsf ws6b\">pairm<span class=\"_ _1\"></span>ent tes<span class=\"_ _1\"></span>t </span>e (ii) sulle<span class=\"_ _0\"></span> priorit\u00e0 inc<span class=\"_ _0\"></span>luse nei report emessi nel cor<span class=\"_ _0\"></span>so degli anni preceden<span class=\"_ _0\"></span>ti,  in particolare in amb<span class=\"_ _1\"></span>ito<span class=\"_ _1\"></span> ESG c<span class=\"_ _1c\"></span>he conti<span class=\"_ _1c\"></span>nuano a<span class=\"_ _1\"></span> ess<span class=\"_ _1\"></span>ere ri<span class=\"_ _1\"></span>leva<span class=\"_ _1c\"></span>nti.<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws104\">il D<span class=\"_ _1\"></span>iscussi<span class=\"_ _1c\"></span>on pap<span class=\"_ _1\"></span>er n. 1/<span class=\"_ _1c\"></span>2022 \u201cImp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment <span class=\"_ _1\"></span>test <span class=\"_ _1\"></span>dei no<span class=\"_ _1\"></span>n fi<span class=\"_ _1\"></span>nanci<span class=\"_ _1\"></span>al<span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls11 ws6c\">as<span class=\"_ _0\"></span>sets (IAS 36) a seguito </span></span></span></span>della guerr<span class=\"_ _0\"></span>a in Ucraina\u201d pubblicat<span class=\"_ _0\"></span>o il 29 giugno 2022 dall\u2019<span class=\"_ _0\"></span>Organismo It<span class=\"_ _0\"></span>aliano di Valu<span class=\"_ _1\"></span>tazion<span class=\"_ _1\"></span>e (\u201cOIV\u201d<span class=\"_ _1\"></span>), c<span class=\"_ _1\"></span>he rip<span class=\"_ _1\"></span>rende i<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>enuti<span class=\"_ _1\"></span> Publi<span class=\"_ _1\"></span>c State<span class=\"_ _1\"></span>ment d<span class=\"_ _1c\"></span>el 13 magg<span class=\"_ _1\"></span>io 2<span class=\"_ _1\"></span>022 dell\u2019ESM<span class=\"_ _0\"></span>A (oggetto del Richiamo di attenzione di Consob del 19 mag<span class=\"ls1c ws26\">gio <span class=\"_ _1\"></span>2022)<span class=\"_ _1\"></span> e fo<span class=\"_ _1\"></span>rnisce<span class=\"_ _4ac\"> </span></span>indicazioni opera<span class=\"_ _0\"></span>tive per trattare l\u2019incertezza dell\u2019attu<span class=\"_ _0\"></span>ale contesto nell\u2019ambito dell\u2019ev<span class=\"_ _1c\"></span>entuale es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1\"></span>o dell\u2019imp<span class=\"_ _1\"></span>airm<span class=\"_ _1\"></span>ent test<span class=\"_ _1\"></span><span class=\"ls1 ws1\">; </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws104\">il d<span class=\"_ _1\"></span>ocum<span class=\"_ _1\"></span>ento \u201c<span class=\"_ _1\"></span>Rec<span class=\"_ _1\"></span>ommend<span class=\"_ _1c\"></span>ations<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> <span class=\"ls30 ws6d\">on A<span class=\"_ _1\"></span>ccou<span class=\"_ _1\"></span>nting<span class=\"_ _1\"></span> for G<span class=\"_ _1\"></span>oodwi<span class=\"_ _1\"></span>ll\u201d e<span class=\"_ _1\"></span>messo<span class=\"_ _1\"></span> da<span class=\"_ _1\"></span>ll\u2019Inte<span class=\"_ _1c\"></span>rnationa<span class=\"_ _1\"></span>l </span></span></span></span>Orga<span class=\"_ _1\"></span>nizati<span class=\"_ _1c\"></span>on of Sec<span class=\"_ _1c\"></span>urities C<span class=\"_ _1c\"></span>ommissi<span class=\"_ _1\"></span>ons (\u201c<span class=\"_ _1\"></span>IOS<span class=\"_ _1\"></span>CO\u201d <span class=\"ls1 ws1\">- <span class=\"_ _86\"></span><span class=\"lsf ws90\">organi<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne inte<span class=\"_ _1\"></span>rnaz<span class=\"_ _1\"></span>ional<span class=\"_ _1\"></span>e che<span class=\"_ _1\"></span> </span></span>riunisce le<span class=\"_ _0\"></span> Autorit\u00e0 di Vigilan<span class=\"_ _0\"></span>za sui mercati fin<span class=\"_ _0\"></span>anziari) del dicem<span class=\"_ _0\"></span>bre 2023, richiamato anche<span class=\"_ _0\"></span> da Conso<span class=\"_ _0\"></span>b, contenente<span class=\"_ _0\"></span> r<span class=\"ls0 ws76\">accomandazioni su<span class=\"_ _0\"></span>lla contabilizzazione de<span class=\"_ _0\"></span>ll\u2019avviamento </span>destinate agli emittent<span class=\"_ _0\"></span>i, agli audit committee (ai responsabili delle attivit\u00e0 di govern<span class=\"_ _0\"></span>ance dell\u2019impre<span class=\"_ _0\"></span>sa) e ai revisori legali. Le raccom<span class=\"_ _0\"></span>andazioni intendono contribuire a migliorare l\u2019affidabilit\u00e0,<span class=\"_ _0\"></span> la<span class=\"ls1 ws1\">  </span>fed<span class=\"_ _1\"></span>ele<span class=\"_ _0\"></span> rappresentazione e la trasparenza dell\u2019<span class=\"_ _0\"></span>informativa finanz<span class=\"_ _0\"></span>iaria sull\u2019av<span class=\"_ _0\"></span>viamento cos\u00ec come contabilizzato e ra<span class=\"_ _0\"></span>ppresentato nei bilanci.<span class=\"_ _4ac\"> </span>Ai fini del tes<span class=\"_ _0\"></span>t di impairment, gi\u00e0 ogget<span class=\"_ _0\"></span>to di analisi da parte del Comit<span class=\"_ _0\"></span>ato Controlli, Risch<span class=\"_ _0\"></span>i e Sostenibilit\u00e0 e<span class=\"_ _0\"></span> di successiva approv<span class=\"_ _0\"></span>azione da parte del Consiglio di Ammin<span class=\"_ _0\"></span>istrazione di Anima Holding in dat<span class=\"_ _0\"></span>a 4 febbraio 2026, il Gruppo Anima ha utilizzato<span class=\"_ _0\"></span> il<span class=\"ls1 ws1\"> <span class=\"lse ws16\">metodo del valore d\u2019u<span class=\"_ _0\"></span>so per la </span></span>verific<span class=\"_ _0\"></span>a della recuperabilit\u00e0 dell\u2019<span class=\"_ _0\"></span>avviamento e delle<span class=\"_ _0\"></span> altre attivit\u00e0 imm<span class=\"_ _0\"></span>ateriali a vita utile de<span class=\"_ _0\"></span>finita, ten<span class=\"_ _1\"></span>endo <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>to anc<span class=\"_ _1c\"></span>he di<span class=\"_ _1\"></span> quant<span class=\"_ _1c\"></span>o sopra<span class=\"_ _1\"></span> rip<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>ato i<span class=\"_ _1\"></span>n me<span class=\"_ _1\"></span>rito<span class=\"_ _1\"></span> all<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ccoma<span class=\"_ _1c\"></span>ndazi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>ell\u2019E<span class=\"_ _1\"></span>SMA<span class=\"_ _1\"></span> e dell\u2019OI<span class=\"_ _1c\"></span>V.<span class=\"ls1 ws1\"> </span>Al fine dello svolgimento dell\u2019<span class=\"ff5 ls11 ws5\">im<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ff5 ls38 ws77\">te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t <span class=\"_ _13\"></span></span></span>come disciplinato dallo IAS 36, il Gruppo Anima ha utilizzato<span class=\"_ _0\"></span> il metodo del valore d\u2019uso e<span class=\"_ _0\"></span> le assunzioni aggiorna<span class=\"_ _0\"></span>te che riflettono gli svilu<span class=\"_ _0\"></span>ppi pi\u00f9 recent<span class=\"_ _0\"></span>i e le ultime informazioni disponibili.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>Metod<span class=\"_ _1c\"></span>o: Valore<span class=\"_ _1\"></span> d\u2019us<span class=\"_ _1\"></span>o (<span class=\"ff5 ls41 ws315\">Va<span class=\"_ _d\"></span>l<span class=\"_ _1c\"></span>ue<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _d\"></span>n use<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\">) </span></span>Il valore d\u2019u<span class=\"_ _0\"></span>so \u00e8 determinato attraver<span class=\"_ _0\"></span>so la stima del valore attu<span class=\"_ _0\"></span>ale dei flussi fin<span class=\"_ _0\"></span>anziari futuri che si prevede possano essere generati dalla CGU Anima. Il valore di un\u2019attivit\u00e0 \u00e8 calcolato attraver<span class=\"_ _0\"></span>so l\u2019attualizzazione dei flussi finanziari comprensivi de<span class=\"_ _0\"></span><span class=\"ls31 ws9d\">l valor<span class=\"_ _0\"></span>e termin<span class=\"_ _0\"></span>ale cal<span class=\"_ _0\"></span>colato<span class=\"_ _0\"></span> come </span>una <span class=\"_ _1\"></span>rendi<span class=\"_ _1\"></span>ta p<span class=\"_ _1\"></span>erpe<span class=\"_ _1c\"></span>tua st<span class=\"_ _1\"></span>imata<span class=\"_ _1\"></span> in b<span class=\"_ _1\"></span>ase a<span class=\"_ _1\"></span>d u<span class=\"_ _1\"></span>n fl<span class=\"_ _1\"></span>usso <span class=\"_ _1\"></span>norma<span class=\"_ _1\"></span>lizz<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span> eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte s<span class=\"_ _1c\"></span>ostenib<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>e coer<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> con i<span class=\"_ _1\"></span>l tas<span class=\"_ _1\"></span>so sti<span class=\"_ _1c\"></span>mato di<span class=\"_ _1\"></span> cres<span class=\"_ _1\"></span>cita<span class=\"_ _1\"></span> di lu<span class=\"_ _1c\"></span>ngo te<span class=\"_ _1\"></span>rmine<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Con l\u2019attualiz<span class=\"_ _0\"></span>zazione dei flussi di cassa s<span class=\"_ _0\"></span>i determina l\u2019<span class=\"ff5 ls38 wsae\">En<span class=\"_ _0\"></span>te<span class=\"_ _13\"></span>rpri<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> V<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>lue<span class=\"_ _13\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">della CGU.</span> </span></span>Il metodo di valutazione utiliz<span class=\"_ _0\"></span>zato ai fini della stima del Value in Use \u00e8 <span class=\"_ _1\"></span>il <span class=\"ff5 ls11 ws58\">D<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>s<span class=\"_ _13\"></span>h<span class=\"_ _0\"></span> F<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span> </span>(\u201cDCF\u201d) r<span class=\"_ _0\"></span>iferito ai flussi di reddito della CGU Anima.<span class=\"ls1 ws1\"> </span>I flussi di cas<span class=\"_ _0\"></span>sa<span class=\"ls1 ws1\"> </span>A norma dello<span class=\"_ _0\"></span> IAS 36, le pro<span class=\"_ _0\"></span>iezioni dei flussi fin<span class=\"_ _0\"></span>anziari attesi devono<span class=\"_ _0\"></span> basarsi sul pi\u00f9 recente budget/<span class=\"_ _0\"></span>piano industr<span class=\"_ _0\"></span>iale appro<span class=\"_ _0\"></span>vato dal Gru<span class=\"_ _0\"></span>ppo Anima, nonch\u00e9<span class=\"_ _0\"></span> su presuppo<span class=\"_ _0\"></span>sti ragion<span class=\"_ _0\"></span>evoli e dimostr<span class=\"_ _0\"></span>abili in grado di rappresentare la m<span class=\"_ _0\"></span>igliore stima<span class=\"_ _0\"></span> delle condizio<span class=\"ls35 ws107\">ni e<span class=\"_ _0\"></span>conomich<span class=\"_ _0\"></span>e futur<span class=\"_ _0\"></span>e, </span>attes<span class=\"_ _1c\"></span>e lung<span class=\"_ _1\"></span>o la <span class=\"_ _1\"></span>resta<span class=\"_ _1\"></span>nte v<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span> util<span class=\"_ _1c\"></span>e delle<span class=\"_ _1\"></span> attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0. Pe<span class=\"_ _1\"></span>r la<span class=\"_ _1\"></span> dete<span class=\"_ _1\"></span>rmina<span class=\"_ _1\"></span>zion<span class=\"_ _1c\"></span>e del <span class=\"ff5 ls51 ws44f\">Va<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> i<span class=\"_ _1c\"></span>n us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"ff1 ls1d wsda\">al 31 </span></span>dicembre 2025,<span class=\"_ _0\"></span> le stime prospettiche de<span class=\"_ _0\"></span>i flussi di cassa generat<span class=\"_ _0\"></span>i dalla CGU Anima sono<span class=\"_ _0\"></span> state sviluppate a part<span class=\"_ _0\"></span>ire dalle proiezioni econom<span class=\"ls3d wsc4\">ico<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"ls1d wsc0\">fin<span class=\"_ _0\"></span>anziar<span class=\"_ _0\"></span>ie 2026</span>-<span class=\"_ _0\"></span><span class=\"ls30 ws84\">202<span class=\"_ _1\"></span>8 (\u201c<span class=\"_ _1\"></span>Proiezi<span class=\"_ _1c\"></span>oni\u201d o \u201c<span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio </span></span></span>Base\u201d), approv<span class=\"_ _0\"></span>ate dal Consiglio di Amministraz<span class=\"_ _0\"></span>ione della Societ\u00e0 in data 26 settembre 2025.<span class=\"_ _0\"></span> Tali valori sono<span class=\"_ _0\"></span> stati opportunamente esaminati su<span class=\"_ _0\"></span>lla base di presuppo<span class=\"_ _0\"></span>sti ragionevoli e dimostr<span class=\"_ _0\"></span>abili, al fine di<span class=\"ls1 ws1\"> <span class=\"ls30 ws84\">riflette<span class=\"_ _1\"></span>re i ris<span class=\"_ _1c\"></span>ultati <span class=\"_ _1\"></span>nel fra<span class=\"_ _1c\"></span>ttempo <span class=\"_ _1\"></span>consu<span class=\"_ _1\"></span>ntiva<span class=\"_ _1\"></span>ti e s<span class=\"_ _1\"></span>volg<span class=\"_ _1\"></span>endo l<span class=\"_ _1\"></span>e opp<span class=\"_ _1\"></span>ortu<span class=\"_ _1\"></span>ne </span></span>anal<span class=\"_ _1\"></span>isi d<span class=\"_ _1\"></span>i sens<span class=\"_ _1\"></span>itiv<span class=\"_ _1\"></span>it\u00e0 v<span class=\"_ _1\"></span>olte<span class=\"_ _1\"></span> ad ap<span class=\"_ _1\"></span>prez<span class=\"_ _1\"></span>zare <span class=\"_ _1c\"></span>eventua<span class=\"_ _1\"></span>li i<span class=\"_ _1\"></span>mpatti<span class=\"_ _1c\"></span>, sulle a<span class=\"_ _1c\"></span>ssunzi<span class=\"_ _1\"></span>oni so<span class=\"_ _1c\"></span>ttosta<span class=\"_ _1\"></span>nti le<span class=\"_ _1\"></span> stim<span class=\"_ _1c\"></span>e effettuate,<span class=\"_ _0\"></span> derivanti dall\u2019incerte<span class=\"_ _0\"></span>zza e la volatilit\u00e0 che caratterizza l\u2019attu<span class=\"_ _0\"></span>ale<span class=\"ls1 ws1\"> <span class=\"_ _2b7\"> </span><span class=\"ls31 ws5c\">contes<span class=\"_ _0\"></span>to </span></span>macro<span class=\"_ _1\"></span>eco<span class=\"_ _1\"></span>nomic<span class=\"_ _1\"></span>o e di <span class=\"_ _1\"></span>settor<span class=\"_ _1\"></span>e, svi<span class=\"_ _1\"></span>luppa<span class=\"_ _1\"></span>ndo o<span class=\"_ _1\"></span>pport<span class=\"_ _1\"></span>uni sc<span class=\"_ _1\"></span>enari <span class=\"_ _1\"></span>peggi<span class=\"_ _1c\"></span>orativi<span class=\"_ _1\"></span> che in<span class=\"_ _1\"></span>corpo<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>o anche specifiche<span class=\"_ _0\"></span> considerazioni legate al <span class=\"ff5 ls11 ws19\">c<span class=\"_ _0\"></span>lim<span class=\"_ _13\"></span>ate<span class=\"_ _11\"></span> c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> ris<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span>Tasso di attualizza<span class=\"_ _0\"></span>zione<span class=\"ls1 ws1\"> </span>Nel determinare il <span class=\"ff5 ls51 ws66\">V<span class=\"_ _0\"></span>a<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>ue<span class=\"_ _13\"></span> i<span class=\"_ _1\"></span>n us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span><span class=\"ff1 ls0 wsb9\">, i flussi finanziari devono essere attualizzat<span class=\"_ _0\"></span>i ad un tasso che </span></span>incorpori s<span class=\"_ _0\"></span>ia il valore temporale del denaro<span class=\"_ _0\"></span> che i rischi propri dell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 svolta. <span class=\"ls1 ws1\"> </span>Il tass<span class=\"_ _1c\"></span>o di attual<span class=\"_ _1\"></span>izzaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e \u00e8 sta<span class=\"_ _1\"></span>to det<span class=\"_ _1\"></span>ermina<span class=\"_ _1c\"></span>to in base<span class=\"_ _1\"></span> alla m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>a del c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>medio pond<span class=\"_ _1\"></span>erato d<span class=\"_ _1c\"></span>el capita<span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>(<span class=\"ff5 ls40 ws12e\">W<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>i<span class=\"_ _1c\"></span>ghte<span class=\"_ _13\"></span>d A<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>ge<span class=\"_ _0\"></span> Cos<span class=\"_ _0\"></span>t of Capi<span class=\"_ _d\"></span>tal<span class=\"_ _1c\"></span> <span class=\"ff1 ls1 ws1\">- <span class=\"_ _15\"> </span><span class=\"ls11 ws12b\">\u201cWACC\u201d). Il WACC consente di </span></span></span>individuare il t<span class=\"_ _0\"></span>asso rappresentativo<span class=\"_ _0\"></span> del costo medio ponderato del capit<span class=\"_ _0\"></span>ale ed esprime<span class=\"_ _0\"></span> la remunerazione<span class=\"_ _0\"></span> richiesta dagli invest<span class=\"_ _0\"></span>itori per un\u2019opera<span class=\"_ _0\"></span>zione di acquisto<span class=\"_ _0\"></span>, a normali condizion<span class=\"_ _0\"></span>i di merca<span class=\"_ _1\"></span>to, di u<span class=\"_ _1\"></span>n\u2019attiv<span class=\"_ _1\"></span>it\u00e0 si<span class=\"_ _1\"></span>mile ri<span class=\"_ _1\"></span>spett<span class=\"_ _1\"></span><span class=\"ls11 ws29\">o a quella oggetto di valutazione.<span class=\"ls1 ws1\"> </span></span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, i<span class=\"_ _1\"></span>l WAC<span class=\"_ _1\"></span>C <span class=\"ls1 ws1\">\u00e8 <span class=\"lsf ws1f\">sta<span class=\"_ _1c\"></span>to calc<span class=\"_ _1c\"></span>olato ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cand<span class=\"_ _1\"></span>o la s<span class=\"_ _1\"></span>egue<span class=\"_ _1\"></span>nte f<span class=\"_ _1\"></span>orm<span class=\"_ _1\"></span>ula: <span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></span>WACC=Ke * (E/(D+E)) + Kd * (D/(D+E)) * (1<span class=\"ls1 ws1\">-</span><span class=\"ws5\">t) <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Dove:<span class=\"ls1 ws1\"> </span>Kd= <span class=\"ff1 lse ws16\">costo del<span class=\"_ _0\"></span> debito<span class=\"ls1 ws1\"> </span></span>(E/(D+E) e (D/(D+E)<span class=\"ff1\">: rappresenta la struttura finanziaria in termini di combinazione di capitale <span class=\"ls1 ws1\"> </span></span>(E: Equity) e debito (D: Debt). <span class=\"ls1 ws1\"> </span>Tenu<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>ella<span class=\"_ _1\"></span> spec<span class=\"_ _1\"></span>ifica<span class=\"_ _1\"></span> stru<span class=\"_ _1\"></span>ttura<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1c\"></span>ria del G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1c\"></span>ma, cont<span class=\"_ _1\"></span>radd<span class=\"_ _1\"></span>isti<span class=\"_ _1\"></span>nta d<span class=\"_ _1\"></span>a una<span class=\"_ _1c\"></span> posi<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> finanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>tta ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rese<span class=\"_ _1\"></span>ntata<span class=\"_ _1\"></span> da ca<span class=\"_ _1c\"></span>ssa, il<span class=\"_ _1\"></span> WAC<span class=\"_ _1\"></span>C de<span class=\"_ _1c\"></span>termina<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span>l ma<span class=\"_ _1c\"></span>nageme<span class=\"_ _1\"></span>nt d<span class=\"_ _1\"></span>ella<span class=\"_ _1c\"></span> Socie<span class=\"_ _1c\"></span>t\u00e0 risul<span class=\"_ _1\"></span>ta pari<span class=\"_ _1\"></span> al c<span class=\"_ _1\"></span>osto d<span class=\"_ _1\"></span>el capi<span class=\"_ _1\"></span>tale p<span class=\"_ _1c\"></span>roprio (<span class=\"_ _1\"></span>Ke), <span class=\"_ _1\"></span>metod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>a ut<span class=\"ls0 ws76\">ilizzata dal Gruppo Anima </span>nei pre<span class=\"_ _1\"></span>cedenti<span class=\"_ _1\"></span> esercizi<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>Perta<span class=\"_ _0\"></span>nto: <span class=\"ls1 ws1\"> </span>Ke<span class=\"ff1 ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ff16 ls1e4 ws450\">=<span class=\"_ _13\"></span> <span class=\"_ _1c\"></span>R<span class=\"_ _0\"></span>f<span class=\"_ _13\"></span> <span class=\"_ _d\"></span>+<span class=\"_ _13\"></span> <span class=\"_ _1c\"></span>\u03b2<span class=\"_ _13\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls0 ws5f\">* ERP rappresent<span class=\"_ _0\"></span>a il costo del capitale,<span class=\"_ _0\"></span> calcolato secondo il mo<span class=\"_ _0\"></span>dello del Capital Asset </span></span></span></span>Pricing Model (\u201cCAPM\u201d), in base al quale il rendimento di un\u2019att<span class=\"_ _0\"></span>ivit\u00e0 rischiosa \u00e8 pari alla somma tra u<span class=\"_ _1\"></span>n tass<span class=\"_ _1\"></span>o priv<span class=\"_ _1c\"></span>o di rischi<span class=\"_ _1c\"></span>o (Rf) ed<span class=\"_ _1\"></span> un ad<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ato pre<span class=\"_ _1\"></span>mio p<span class=\"_ _1\"></span>er il ri<span class=\"_ _1\"></span>schi<span class=\"_ _1c\"></span>o, determi<span class=\"_ _1c\"></span>nato in b<span class=\"_ _1\"></span>ase all\u2019indicato<span class=\"_ _0\"></span>re <span class=\"ff16 ls1 ws1\">\u03b2</span><span class=\"lsf ws17\">. In pa<span class=\"_ _1\"></span>rtic<span class=\"_ _1\"></span>olar<span class=\"_ _1\"></span>e:<span class=\"ls1 ws1\"> </span></span>Rf<span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws76\">= tasso di rendimento delle attivit\u00e0 prive di rischio determinato come media degli ultimi 12 </span></span>mesi d<span class=\"_ _1\"></span>el rendi<span class=\"_ _1c\"></span>mento lor<span class=\"_ _1\"></span>do men<span class=\"_ _1\"></span>sile del<span class=\"_ _1\"></span> BTP I<span class=\"_ _1\"></span>tali<span class=\"_ _1\"></span>a decen<span class=\"_ _1\"></span>nale (<span class=\"_ _1\"></span>Banca d<span class=\"_ _1\"></span>\u2019Ital<span class=\"_ _1\"></span>ia, di<span class=\"_ _1\"></span>cembre <span class=\"_ _1\"></span>2025) p<span class=\"_ _1\"></span>ari al 3,5<span class=\"_ _0\"></span>7% (3,7<span class=\"_ _0\"></span>1% al<span class=\"_ _0\"></span> 31 dicem<span class=\"_ _0\"></span>bre 202<span class=\"_ _0\"></span>4); <span class=\"ls1 ws1\"> </span>ERP<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls30 ws84\">= extra<span class=\"_ _1\"></span> rendi<span class=\"_ _1\"></span>mento med<span class=\"_ _1\"></span>io d<span class=\"_ _1\"></span>el merca<span class=\"_ _1c\"></span>to (<span class=\"ff5 ls11 ws141\">E<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>iu<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span></span><span class=\"lsf ws6e\">), dete<span class=\"_ _1c\"></span>rminato<span class=\"_ _1c\"></span> sulla b<span class=\"_ _1\"></span>ase<span class=\"_ _1\"></span> del<span class=\"_ _1c\"></span> </span></span></span>differenz<span class=\"_ _0\"></span>iale di rendimento di lun<span class=\"_ _0\"></span>go periodo tra i titoli azion<span class=\"_ _0\"></span>ari e obbligazionar<span class=\"_ _0\"></span>i. Nell\u2019esercizio 2025 <span class=\"_ _1\"></span>\u00e8 stat<span class=\"_ _1\"></span>o fatto ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>iment<span class=\"_ _1\"></span>o alle s<span class=\"_ _1\"></span>time f<span class=\"_ _1\"></span>orni<span class=\"_ _1\"></span>te da A. D<span class=\"_ _1\"></span>amoda<span class=\"_ _1c\"></span>ran, ed i<span class=\"_ _1\"></span>n partic<span class=\"_ _1c\"></span>olare \u00e8 sta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> considerato<span class=\"_ _0\"></span> il valore medio<span class=\"_ _0\"></span> tra i<span class=\"ls30 wsaa\">l para<span class=\"_ _1\"></span>metr<span class=\"_ _1\"></span>o massi<span class=\"_ _1\"></span>mo e mi<span class=\"_ _1\"></span>nimo s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>ti per i<span class=\"_ _1\"></span>l peri<span class=\"_ _1c\"></span>odo 201<span class=\"_ _1\"></span>5<span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span></span>2025<span class=\"_ _1\"></span>. L\u2019ER<span class=\"_ _1\"></span>P s<span class=\"_ _1c\"></span>timato d<span class=\"_ _1\"></span>a D<span class=\"_ _1\"></span>amod<span class=\"_ _1\"></span>aran <span class=\"_ _1\"></span>ha m<span class=\"_ _1\"></span>ostr<span class=\"_ _1\"></span>ato u<span class=\"_ _1\"></span>n and<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>ecr<span class=\"_ _1\"></span>escen<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span>l 6,<span class=\"_ _1\"></span>12% d<span class=\"_ _1\"></span>i dice<span class=\"_ _0\"></span>mbre 20<span class=\"_ _0\"></span>15 al 4,23%<span class=\"_ _0\"></span> di fine<span class=\"_ _0\"></span> 2025. Per<span class=\"_ _0\"></span>tanto<span class=\"_ _0\"></span>, line<span class=\"_ _0\"></span>a co<span class=\"ls32 wse1\">n<span class=\"_ _0\"></span> le r<span class=\"_ _0\"></span>acc<span class=\"_ _0\"></span>oman<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i fo<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span> da E<span class=\"_ _0\"></span>SMA<span class=\"_ _0\"></span> </span>dove si r<span class=\"_ _0\"></span>ibadisce agli emittent<span class=\"_ _0\"></span>i di tenere in<span class=\"_ _0\"></span> considerazione il risch<span class=\"_ _0\"></span>io legato alla m<span class=\"_ _0\"></span>aggiore ince<span class=\"_ _1\"></span>rtezz<span class=\"_ _1\"></span>a s<span class=\"_ _1\"></span>ui me<span class=\"_ _1\"></span>rcati<span class=\"_ _1\"></span>, il<span class=\"_ _1\"></span> Grupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma ha<span class=\"_ _1c\"></span> fatto ri<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>o ad un E<span class=\"_ _1\"></span>RP p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span>l 5,2<span class=\"_ _1\"></span>0%. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Si seg<span class=\"_ _1\"></span>nala ch<span class=\"_ _1\"></span>e nell\u2019<span class=\"_ _1\"></span>eserci<span class=\"_ _1\"></span>zio pr<span class=\"_ _1\"></span>ecede<span class=\"_ _1\"></span>nte era sta<span class=\"_ _1\"></span>to inve<span class=\"_ _1\"></span>ce cons<span class=\"_ _1\"></span>iderat<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>arame<span class=\"_ _1\"></span>tro ERP p<span class=\"_ _1\"></span>ari al<span class=\"_ _1\"></span> 5,50%, in line<span class=\"_ _0\"></span>a con le osservazioni mediamente applicabili dalla prass<span class=\"_ _0\"></span>i profession<span class=\"_ _0\"></span>ale;<span class=\"_ _4ac\"> </span>\u03b2<span class=\"ff1\">  <span class=\"ls0 wsc6\">(B<span class=\"_ _0\"></span>eta)= fattore di corr<span class=\"_ _0\"></span>elazione tra il re<span class=\"_ _0\"></span>ndimento effettivo di un<span class=\"_ _0\"></span>\u2019azione e il rendim<span class=\"_ _0\"></span>ento </span></span>compless<span class=\"_ _0\"></span>ivo del mercato di riferimento<span class=\"_ _0\"></span> (misura della volatilit\u00e0 di un<span class=\"_ _0\"></span> titolo rispetto al mercato), determi<span class=\"_ _0\"></span>nato considerando<span class=\"_ _0\"></span> il beta <span class=\"ff5 ls54 ws15f\">l<span class=\"_ _d\"></span>eve<span class=\"_ _1\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"ls30 wsaa\">di Ani<span class=\"_ _1\"></span>ma Holdi<span class=\"_ _1c\"></span>ng con un peri<span class=\"_ _1\"></span>odo di os<span class=\"_ _1\"></span>servaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e </span></span></span>quinq<span class=\"_ _1\"></span>uennal<span class=\"_ _1\"></span>e e un<span class=\"_ _1\"></span>a fre<span class=\"_ _1\"></span>quenza d<span class=\"_ _1\"></span>i ril<span class=\"_ _1\"></span>evazio<span class=\"_ _1\"></span>ne se<span class=\"_ _1\"></span>ttima<span class=\"_ _1\"></span>nale, p<span class=\"_ _1\"></span>ari a <span class=\"_ _1\"></span>1 (1,15<span class=\"_ _1\"></span> al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>24).<span class=\"ls1 ws1\"> </span>Ai fini del calco<span class=\"_ _0\"></span>lo del terminal value viene ut<span class=\"_ _0\"></span>ilizzato un tasso di crescita in<span class=\"_ _0\"></span> <span class=\"ff5 ls38 ws77\">pe<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ity <span class=\"_ _11\"></span></span>in linea con l<span class=\"_ _1\"></span>e stim<span class=\"_ _1\"></span>e di i<span class=\"_ _1\"></span>nflazi<span class=\"_ _1\"></span>one e d<span class=\"_ _1\"></span>i cr<span class=\"_ _1\"></span>escita d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>onsumi<span class=\"_ _1\"></span> attes<span class=\"_ _1\"></span>e di l<span class=\"_ _1\"></span>ungo p<span class=\"_ _1c\"></span>eriodo fo<span class=\"_ _1\"></span>rnit<span class=\"_ _1\"></span>e da au<span class=\"_ _1\"></span>torev<span class=\"_ _1\"></span>oli fonti<span class=\"_ _1\"></span> ester<span class=\"_ _1\"></span>ne (F<span class=\"_ _1\"></span>ondo M<span class=\"_ _1\"></span>oneta<span class=\"_ _1\"></span>rio I<span class=\"_ _1\"></span>nterna<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nale, P<span class=\"_ _1\"></span>rome<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>eia,<span class=\"_ _1\"></span> BCE, O<span class=\"_ _1\"></span>xfo<span class=\"_ _1\"></span>rd Eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>cs e Ba<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span> d\u2019Italia). <span class=\"ls1 ws1\"> </span>Sulla<span class=\"_ _1\"></span> bas<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>e fo<span class=\"_ _1\"></span>nti so<span class=\"_ _1c\"></span>pra ripo<span class=\"_ _1\"></span>rtat<span class=\"_ _1\"></span>e, te<span class=\"_ _1\"></span>nuto c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>o del <span class=\"_ _1\"></span>tasso d<span class=\"_ _1c\"></span>i inflaz<span class=\"_ _1\"></span>ione <span class=\"_ _1\"></span>targ<span class=\"_ _1\"></span>et fis<span class=\"_ _1\"></span>sato<span class=\"_ _1\"></span> da BC<span class=\"_ _1\"></span>E nel m<span class=\"_ _0\"></span>edio<span class=\"ls1 ws1\">-<span class=\"ls30 ws93\">lung<span class=\"_ _1c\"></span>o period<span class=\"_ _1\"></span>o per l\u2019A<span class=\"_ _1c\"></span>rea Euro<span class=\"_ _1\"></span>, il tas<span class=\"_ _1c\"></span>so di cresci<span class=\"_ _1c\"></span>ta di lung<span class=\"_ _1c\"></span>o periodo si<span class=\"_ _1\"></span> coll<span class=\"_ _1\"></span>oca in <span class=\"_ _1\"></span>un </span></span>rang<span class=\"_ _1\"></span>e tra l<span class=\"_ _1\"></span>\u20191,9<span class=\"_ _1\"></span>% e il 2<span class=\"_ _1c\"></span>,1%. Il G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Anima<span class=\"_ _1\"></span> ha <span class=\"_ _1\"></span>deciso<span class=\"_ _1\"></span> di ad<span class=\"_ _1\"></span>ot<span class=\"lsf ws1f\">ta<span class=\"_ _1\"></span>re un <span class=\"_ _1\"></span>tass<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>cresci<span class=\"_ _1c\"></span>ta pari a<span class=\"_ _1\"></span>l 2<span class=\"_ _1\"></span>%.<span class=\"ls1 ws1\"> </span></span>Acca<span class=\"_ _0\"></span>nto allo \u201c<span class=\"_ _0\"></span>Scenari<span class=\"_ _0\"></span>o Base\u201d ri<span class=\"_ _0\"></span>tenuto ma<span class=\"_ _0\"></span>ggiorme<span class=\"_ _0\"></span>nte prob<span class=\"_ _0\"></span>abile, son<span class=\"_ _0\"></span>o stat<span class=\"_ _0\"></span>i elaborat<span class=\"_ _0\"></span>i uno scena<span class=\"_ _1c\"></span>rio migl<span class=\"_ _1\"></span>iorati<span class=\"_ _1\"></span>vo (c<span class=\"_ _1c\"></span>d \u201cScena<span class=\"_ _1\"></span>rio <span class=\"_ _1\"></span>Favor<span class=\"_ _1\"></span>evole\u201d<span class=\"_ _1c\"></span>) ed u<span class=\"_ _1\"></span>no peg<span class=\"_ _1\"></span>giora<span class=\"_ _1\"></span>tivo (<span class=\"_ _1c\"></span>cd \u201cSc<span class=\"_ _1\"></span>enari<span class=\"_ _1c\"></span>o Avvers<span class=\"_ _1\"></span>o\u201d), a<span class=\"_ _1c\"></span> cui sono state asse<span class=\"_ _0\"></span>gnate le seguenti rispettive probabilit<span class=\"_ _0\"></span>\u00e0 di accadiment<span class=\"ls1d wsff\">o: 50%<span class=\"_ _0\"></span> Scenar<span class=\"_ _0\"></span>io Base, </span>30% <span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio Av<span class=\"_ _1\"></span>vers<span class=\"_ _1\"></span>o e 20% <span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio f<span class=\"_ _1\"></span>avore<span class=\"_ _1\"></span>vole<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Si riporta un<span class=\"_ _0\"></span>a sintesi delle principali assun<span class=\"_ _0\"></span>zioni alla base dei due Scenari Altern<span class=\"_ _0\"></span>ativi.<span class=\"ls1 ws1\"> </span>Scenario Avverso<span class=\"ls1 ws1\"> </span>Lo Sc<span class=\"_ _1\"></span>enario<span class=\"_ _1c\"></span> Avvers<span class=\"_ _1\"></span>o \u00e8 sta<span class=\"_ _1\"></span>to pred<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>osto co<span class=\"_ _1\"></span>nside<span class=\"_ _1\"></span>rand<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>eggiora<span class=\"_ _1c\"></span>mento si<span class=\"_ _1\"></span>mul<span class=\"_ _1\"></span>taneo <span class=\"_ _1\"></span>di di<span class=\"_ _1\"></span>vers<span class=\"_ _1\"></span>e grandezze<span class=\"_ _0\"></span> rispetto alle Proiezioni, in part<span class=\"_ _0\"></span>icolare sono state previste<span class=\"_ _0\"></span>:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita infer<span class=\"_ _0\"></span>iore degli AUM attesi nel 2028 di circa </span>-<span class=\"ls1d ws2b\">5%;</span> -<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita delle<span class=\"_ _0\"></span> commissioni nette pi\u00f9 contenuta (r<span class=\"_ _0\"></span>iduzione del CAGR 25</span>-<span class=\"ls1d ws85\">28 di </span>-<span class=\"ls1c ws27\">1,7%);<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">commissioni di performance dime<span class=\"_ _0\"></span>zzate rispetto alle att<span class=\"_ _0\"></span>ese delle Proiezioni;</span> -<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">costi operativi comple<span class=\"_ _0\"></span>ssivamente in linea con quanto<span class=\"_ _0\"></span> atteso;</span> -<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">flessione degli ut<span class=\"_ _0\"></span>ili attesi stimati nel 2028 di circa </span>-<span class=\"ls1d ws2b\">17%<span class=\"_ _0\"></span>;</span> Scena<span class=\"_ _1\"></span>rio Fa<span class=\"_ _1\"></span>vorev<span class=\"_ _1c\"></span>ole<span class=\"ls1 ws1\"> </span>Lo Sc<span class=\"_ _1\"></span>enari<span class=\"_ _1\"></span>o Fav<span class=\"_ _1\"></span>orevol<span class=\"_ _1c\"></span>e \u00e8 sta<span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>edisp<span class=\"_ _1\"></span>osto c<span class=\"_ _1c\"></span>onsidera<span class=\"_ _1\"></span>ndo <span class=\"_ _1\"></span>un mig<span class=\"_ _1\"></span>liora<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o sim<span class=\"_ _1\"></span>ulta<span class=\"_ _1\"></span>neo di<span class=\"_ _1\"></span> diverse gr<span class=\"_ _0\"></span>andezze rispetto ai dati prevision<span class=\"_ _0\"></span>ali, prevedendo in part<span class=\"_ _0\"></span>icolare:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws1f\">una<span class=\"_ _1\"></span> cres<span class=\"_ _1\"></span>cita p<span class=\"_ _1\"></span>i\u00f9 s<span class=\"_ _1\"></span>oste<span class=\"_ _1\"></span>nuta<span class=\"_ _1\"></span> degl<span class=\"_ _1\"></span>i AUM d<span class=\"_ _1c\"></span>i circa i<span class=\"_ _1\"></span>l 2%<span class=\"_ _1c\"></span>;<span class=\"ls1 ws1\"> </span></span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws28\">un</span> <span class=\"_ _11\"></span><span class=\"ls35 ws114\">incremen<span class=\"_ _0\"></span>to pi\u00f9 soste<span class=\"_ _0\"></span>nuto<span class=\"_ _0\"></span> delle commiss<span class=\"_ _0\"></span>ioni nette<span class=\"_ _0\"></span> (increm<span class=\"_ _0\"></span>ento del CAG<span class=\"_ _0\"></span>R 25</span>-<span class=\"ls1c ws155\">28 d<span class=\"_ _1\"></span>i </span>+0,<span class=\"_ _0\"></span>2%);<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 wsfe\">commissioni di per<span class=\"_ _0\"></span>formance e costi operativi comples<span class=\"_ _0\"></span>sivamente in linea con qu<span class=\"_ _0\"></span>anto </span>atteso n<span class=\"_ _0\"></span>elle Proie<span class=\"_ _0\"></span>zioni;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita degli utili ne<span class=\"_ _0\"></span>tti attesi del 1%.</span> Ai f<span class=\"_ _1\"></span>ini de<span class=\"_ _1\"></span>lla sti<span class=\"_ _1c\"></span>ma del V<span class=\"_ _1\"></span>alue i<span class=\"_ _1c\"></span>n Use del<span class=\"_ _1\"></span>la CG<span class=\"_ _1\"></span>U Ani<span class=\"_ _1\"></span>ma, c<span class=\"_ _1\"></span>oere<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e con q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to fa<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>nche<span class=\"_ _1\"></span> dalla Capogru<span class=\"_ _0\"></span>ppo Banco BPM, la Societ\u00e0 ha sviluppato il meto<span class=\"_ _0\"></span>do DCF sulla base delle proiezioni econ<span class=\"_ _1\"></span>omic<span class=\"_ _1c\"></span>he/fina<span class=\"_ _1\"></span>nziar<span class=\"_ _1\"></span>ie <span class=\"_ _1\"></span>conte<span class=\"_ _1c\"></span>nute sia<span class=\"_ _1c\"></span> (i) nel<span class=\"_ _1\"></span>le P<span class=\"_ _1c\"></span>roiezi<span class=\"_ _1c\"></span>oni con<span class=\"_ _1\"></span> lo <span class=\"_ _1c\"></span>Scena<span class=\"ls0 wsae\">rio <span class=\"_ _1\"></span>Base, (ii) nello Scenario </span>Avverso e<span class=\"_ _0\"></span> (iii) ne<span class=\"_ _0\"></span>llo Scenario F<span class=\"_ _0\"></span>avorevole.<span class=\"ls1 ws1\"> </span>I Val<span class=\"_ _1c\"></span>ue in us<span class=\"_ _1\"></span>e dete<span class=\"_ _1c\"></span>rminati<span class=\"_ _1\"></span>, risp<span class=\"_ _1c\"></span>etto all<span class=\"_ _1c\"></span>o Scena<span class=\"_ _1c\"></span>rio Bas<span class=\"_ _1\"></span>e, ha<span class=\"_ _1\"></span>nno <span class=\"_ _1\"></span>evid<span class=\"_ _1\"></span>enzi<span class=\"_ _1\"></span>ato:<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls30 ws27\">Scena<span class=\"_ _1c\"></span>rio Avve<span class=\"_ _1\"></span>rso <span class=\"_ _1\"></span>un de<span class=\"_ _1\"></span>creme<span class=\"_ _1\"></span>nto di<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">-</span><span class=\"ls1c\">15,2%<span class=\"_ _1c\"></span>;<span class=\"ls1 ws1\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws1f\">Scena<span class=\"_ _1c\"></span>rio Fav<span class=\"_ _1c\"></span>orevole<span class=\"_ _1\"></span> un <span class=\"_ _1\"></span>incre<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to di<span class=\"_ _1\"></span> 0,7%.<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span>Il Valu<span class=\"_ _1\"></span>e in Us<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>a CGU Ani<span class=\"_ _1c\"></span>ma \u00e8 stato i<span class=\"_ _1\"></span>nfine d<span class=\"_ _1c\"></span>etermina<span class=\"_ _1\"></span>to in f<span class=\"_ _1\"></span>unzi<span class=\"_ _1\"></span>one del v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e medio<span class=\"_ _1\"></span> ponderato<span class=\"_ _0\"></span> risultante dall\u2019applicazione<span class=\"_ _0\"></span> del metodo DCF<span class=\"_ _0\"></span> nei tre scenari sopr<span class=\"_ _0\"></span>a descritti, pes<span class=\"_ _0\"></span>ando lo Sce<span class=\"_ _1c\"></span>nario Bas<span class=\"_ _1c\"></span>e al 50%<span class=\"_ _1c\"></span>, lo Sce<span class=\"_ _1\"></span>nario A<span class=\"_ _1\"></span>vvers<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>30% e l<span class=\"_ _1\"></span>o Sce<span class=\"_ _1\"></span>nari<span class=\"_ _1\"></span>o favo<span class=\"_ _1\"></span>rev<span class=\"ls1d ws85\">ole al 20%<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span>Esiti dell\u2019<span class=\"_ _0\"></span><span class=\"ff5 ls48 ws172\">i<span class=\"_ _d\"></span>mp<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>i<span class=\"_ _d\"></span>r<span class=\"_ _1c\"></span>ment<span class=\"_ _1c\"></span> t<span class=\"_ _1c\"></span>est<span class=\"_ _1c\"></span><span class=\"ff1 ls1 ws1\"> </span></span>Gli esit<span class=\"_ _0\"></span>i dell\u2019<span class=\"ff5 ls11 wse1\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span></span>non hanno evidenziat<span class=\"_ _0\"></span>o perdite di valore degli avviam<span class=\"_ _0\"></span>enti e degli intangibili a vit<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>ut<span class=\"_ _0\"></span>ile definita, sia nello scenario di riferimento che negli altri ipotizzati, con un re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ra<span class=\"_ _1c\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _13\"></span> a<span class=\"_ _1c\"></span>m<span class=\"_ _13\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws8b\">de<span class=\"_ _1\"></span>lla CGU Anima superiore al valore di <span class=\"ff5 ls39 ws451\">c<span class=\"_ _13\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _13\"></span>y<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _13\"></span> am<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span></span>e<span class=\"_ _0\"></span>videnziata nel </span></span>pres<span class=\"_ _1\"></span>ente B<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>ncio c<span class=\"_ _1\"></span>onso<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>to. Si p<span class=\"_ _1\"></span>recis<span class=\"_ _1\"></span>a in<span class=\"_ _1\"></span>oltr<span class=\"_ _1\"></span>e che il<span class=\"_ _1\"></span> test d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>airm<span class=\"_ _1\"></span>ent \u00e8 <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>tato s<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>rato<span class=\"_ _1c\"></span> anch<span class=\"_ _0\"></span>e ponendo<span class=\"_ _0\"></span> il valore<span class=\"_ _0\"></span> recuper<span class=\"_ _0\"></span>abile<span class=\"_ _0\"></span> a confron<span class=\"_ _0\"></span>to con il<span class=\"_ _0\"></span> valore de<span class=\"_ _0\"></span>l patrimo<span class=\"_ _0\"></span>nio nett<span class=\"_ _0\"></span>o.<span class=\"ls1 ws1\"> </span>Nell\u2019ambito<span class=\"_ _0\"></span> delle analisi svolte, a fronte anche de<span class=\"_ _0\"></span>lle sopracitate raccoman<span class=\"_ _0\"></span>dazioni ESMA, si precis<span class=\"_ _0\"></span>a che ad oggi non si evidenziano im<span class=\"_ _0\"></span>patti rilevanti sul bu<span class=\"_ _0\"></span>siness e sulle prospettive fut<span class=\"_ _0\"></span>ure dell<span class=\"_ _1\"></span>a Soci<span class=\"_ _1\"></span>et\u00e0 e d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma in amb<span class=\"_ _1c\"></span>ito <span class=\"ff5 ls11 ws58\">c<span class=\"_ _0\"></span>lim<span class=\"_ _13\"></span>ate<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> ris<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span><span class=\"ff1 ls0 ws8c\">, anche in<span class=\"_ _0\"></span> considerazione della </span></span>centralit<span class=\"_ _0\"></span>\u00e0 della strategia ESG<span class=\"_ _0\"></span> esistente a livello di Gr<span class=\"_ _0\"></span>uppo Anima come opportun<span class=\"_ _0\"></span>it\u00e0 di crescita del busine<span class=\"_ _1\"></span>ss.<span class=\"ls1\"> </span>Si segnala che ai fin<span class=\"_ _0\"></span>i delle analisi di <span class=\"ff5 ls11 ws5\">s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\">: </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wsb9\">considerando<span class=\"_ _0\"></span> l\u2019utilizzo del tasso di attualizzaz<span class=\"_ _0\"></span>ione complessivo Ke al 10,76%, il v<span class=\"_ _0\"></span>alore<span class=\"_ _1\"></span> </span></span>recup<span class=\"_ _1\"></span>erabil<span class=\"_ _1\"></span>e si rid<span class=\"_ _1c\"></span>uce del 1<span class=\"_ _1\"></span>9,78%<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws76\">considerando<span class=\"_ _0\"></span> l\u2019utilizzo del t<span class=\"_ _0\"></span>asso di crescit<span class=\"_ _0\"></span>a in perpetuit<span class=\"_ _0\"></span>y all\u20191%, il valore<span class=\"_ _0\"></span> recuperabile si </span></span>riduc<span class=\"_ _1\"></span>e del 9,84%<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws5f\">nel caso pi\u00f9 estremo dell\u2019analisi di sensit<span class=\"_ _0\"></span>ivit\u00e0 considerando congiuntamente l\u2019utilizzo<span class=\"_ _0\"></span> del </span></span>tasso di attualizzazion<span class=\"_ _0\"></span>e complessivo Ke al 10,76% e del tasso di crescita in perpetuity all\u20191%, il valor<span class=\"_ _0\"></span>e recuperabile si riduce del 25,61%;<span class=\"ls1 ws1\"> </span>Nel co<span class=\"_ _1\"></span>ntes<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a proc<span class=\"_ _1\"></span>edura d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>airme<span class=\"_ _1\"></span>nt tes<span class=\"_ _1\"></span>t sopra d<span class=\"_ _1\"></span>escri<span class=\"_ _1c\"></span>tta, Ani<span class=\"_ _1\"></span>ma Holdi<span class=\"_ _1c\"></span>ng ha chies<span class=\"_ _1c\"></span>to al cons<span class=\"_ _1\"></span>ulent<span class=\"_ _1c\"></span>e indip<span class=\"_ _1\"></span>ende<span class=\"_ _1c\"></span>nte EY <span class=\"ls31 ws5c\">Advisoru<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span></span>S.p.A. (<span class=\"_ _1\"></span>\u201cEY\u201d<span class=\"_ _1\"></span>) di<span class=\"_ _1\"></span> pred<span class=\"_ _1\"></span>ispo<span class=\"_ _1\"></span>rre <span class=\"_ _1\"></span>una <span class=\"ff5 ls11 wscf\">fairn<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span> o<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>ion<span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls55 ws6b\">r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o </span></span>alla determinazion<span class=\"_ _0\"></span>e del valore recuperabile della CGU Anima effettuat<span class=\"_ _0\"></span>a dalla Societ\u00e0. Le principali cons<span class=\"_ _0\"></span>iderazioni sulle analisi v<span class=\"_ _0\"></span>alutative condotte da Anima Holding, espresse da EY, sono d<span class=\"_ _1\"></span>i seg<span class=\"_ _1c\"></span>uito rip<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>te:<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws92\">il p<span class=\"_ _1\"></span>rocess<span class=\"_ _1c\"></span>o di impa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent t<span class=\"_ _1c\"></span>est svil<span class=\"_ _1\"></span>uppa<span class=\"_ _1c\"></span>to dalla<span class=\"_ _1\"></span> Soci<span class=\"_ _1\"></span>et\u00e0 ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>ta in <span class=\"_ _1\"></span>conti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1\"></span> con q<span class=\"_ _1c\"></span>uanto </span></span>svolt<span class=\"_ _1\"></span>o al 31<span class=\"_ _1\"></span> dice<span class=\"_ _1\"></span>mbre 20<span class=\"_ _1\"></span>24. Tal<span class=\"_ _1\"></span>e proc<span class=\"_ _1\"></span>esso <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>ta stru<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>tu<span class=\"_ _1\"></span>rato, ra<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ale, t<span class=\"_ _1\"></span>racci<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>e e ripercorribile<span class=\"_ _0\"></span>; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws15\">l\u2019approccio<span class=\"_ _0\"></span> valutativo adottato dalla So<span class=\"_ _0\"></span>ciet\u00e0 risulta in line<span class=\"_ _0\"></span>a con le indicazioni dei principi </span></span>contab<span class=\"_ _1\"></span>ili d<span class=\"_ _1\"></span>i rif<span class=\"_ _1c\"></span>eriment<span class=\"_ _1\"></span>o, no<span class=\"_ _1\"></span>nch\u00e9<span class=\"_ _1\"></span> tecni<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte id<span class=\"_ _1c\"></span>oneo a de<span class=\"_ _1\"></span>term<span class=\"_ _1\"></span>inar<span class=\"_ _1\"></span>e in mod<span class=\"_ _1c\"></span>o ragionevole<span class=\"_ _0\"></span> il valore d\u2019uso della CGU Anima. La meto<span class=\"_ _0\"></span>dologia utilizzata (DCF) present<span class=\"_ _0\"></span>a cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ate ba<span class=\"_ _1\"></span>si do<span class=\"_ _1\"></span>ttri<span class=\"_ _1\"></span>nali<span class=\"_ _1\"></span>, risul<span class=\"_ _1\"></span>ta co<span class=\"_ _1\"></span>mun<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>e ado<span class=\"_ _1\"></span>ttata<span class=\"_ _1\"></span> nell<span class=\"_ _1\"></span>a pras<span class=\"_ _1c\"></span>si valuta<span class=\"_ _1c\"></span>tiva nel<span class=\"_ _1c\"></span> settore di riferimento<span class=\"_ _0\"></span> e tiene conto delle prospettive reddituali e finanziar<span class=\"_ _0\"></span>ie della CGU An<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws25f\">i parametri va<span class=\"_ _0\"></span>lutativi adottat<span class=\"_ _0\"></span>i risultano com<span class=\"_ _0\"></span>presi in intervalli r<span class=\"_ _0\"></span>agionevolmente </span></span>osserv<span class=\"_ _0\"></span>abili nell\u2019attuale scenar<span class=\"_ _0\"></span>io di mercato; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls35 ws114\">coere<span class=\"_ _0\"></span>ntemente<span class=\"_ _0\"></span> con quanto<span class=\"_ _0\"></span> effettua<span class=\"_ _0\"></span>to dalla C<span class=\"_ _0\"></span>apogruppo<span class=\"_ _0\"></span> Banco B<span class=\"_ _0\"></span>PM, acc<span class=\"_ _0\"></span>anto ad uno </span></span>Scena<span class=\"_ _1c\"></span>rio Bas<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>e Pro<span class=\"_ _1c\"></span>iezioni<span class=\"_ _1\"></span>, sono<span class=\"_ _1\"></span> sta<span class=\"_ _1\"></span>ti cons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>erati u<span class=\"_ _1c\"></span>no scena<span class=\"_ _1\"></span>rio p<span class=\"_ _1\"></span>egg<span class=\"_ _1c\"></span>iorativ<span class=\"_ _1\"></span>o e uno<span class=\"_ _1\"></span> scenario m<span class=\"_ _0\"></span>igliorativo. I fattor<span class=\"_ _0\"></span>i di ponderazione asse<span class=\"_ _0\"></span>gnati ai diversi sc<span class=\"_ _0\"></span>enari (50% Scenar<span class=\"_ _0\"></span>i<span class=\"ls31 ws5c\">o </span>Bas<span class=\"_ _0\"></span>e, 30% <span class=\"_ _0\"></span>Scen<span class=\"_ _0\"></span>ario <span class=\"_ _0\"></span>Avve<span class=\"_ _0\"></span>rso e <span class=\"_ _0\"></span>20% S<span class=\"_ _0\"></span>cenar<span class=\"_ _0\"></span>io Fav<span class=\"_ _0\"></span>orevo<span class=\"_ _0\"></span>le) h<span class=\"_ _0\"></span>anno a<span class=\"_ _0\"></span>vuto <span class=\"_ _0\"></span>carat<span class=\"_ _0\"></span>tere prud<span class=\"_ _1\"></span>enzial<span class=\"_ _1c\"></span>e in qua<span class=\"_ _1\"></span>nto h<span class=\"_ _1\"></span>anno p<span class=\"_ _1c\"></span>rovvedut<span class=\"_ _1c\"></span>o ad asseg<span class=\"_ _1\"></span>nare <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>maggi<span class=\"_ _1\"></span>ore p<span class=\"_ _1\"></span>onderaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne all<span class=\"_ _1\"></span>o scena<span class=\"_ _1c\"></span>rio pegg<span class=\"_ _1\"></span>iorati<span class=\"_ _1\"></span>vo ri<span class=\"_ _1c\"></span>spetto al<span class=\"_ _1\"></span>lo sce<span class=\"_ _1c\"></span>nario mig<span class=\"_ _1c\"></span>liorativ<span class=\"_ _1c\"></span>o; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws10b\">\u00e8 sta<span class=\"_ _1\"></span>ta ris<span class=\"_ _1c\"></span>contra<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>na sos<span class=\"_ _1c\"></span>tanzia<span class=\"_ _1\"></span>le co<span class=\"_ _1\"></span>rrett<span class=\"_ _1c\"></span>ezza ma<span class=\"_ _1\"></span>tema<span class=\"_ _1c\"></span>tica dei<span class=\"_ _1\"></span> calc<span class=\"_ _1c\"></span>oli eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1c\"></span>ti dall<span class=\"_ _1\"></span>a </span></span>Societ\u00e0 ai fin<span class=\"_ _0\"></span>i della determinazione del v<span class=\"_ _0\"></span>alore recuperabile della CGU Anima;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1\"> <span class=\"ls0 wsb0\">\u00e8 stato osservato che alla data di riferimento il fair<span class=\"_ _0\"></span> value implicito nella quotazione </span></span></span>borsistic<span class=\"_ _0\"></span>a del titolo Anima risulti superiore al valore<span class=\"_ _0\"></span> contabile della CGU.<span class=\"_ _4ac\"> </span>Di co<span class=\"_ _1\"></span>nseg<span class=\"_ _1\"></span>uenza<span class=\"_ _1c\"></span>, EY riti<span class=\"_ _1\"></span>ene <span class=\"_ _1\"></span>che il<span class=\"_ _1\"></span> metod<span class=\"_ _1c\"></span>o di va<span class=\"_ _1\"></span>lutaz<span class=\"_ _1\"></span>ione a<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>tato d<span class=\"_ _1\"></span>alla<span class=\"_ _1\"></span> Soci<span class=\"_ _1\"></span>et\u00e0 s<span class=\"_ _1\"></span>ia ad<span class=\"_ _1\"></span>egua<span class=\"_ _1\"></span>to, i<span class=\"_ _1\"></span>n quanto nella c<span class=\"_ _0\"></span>ircostanza ragionevole<span class=\"_ _0\"></span> e non arbitrar<span class=\"_ _0\"></span>io, conforme alle indicazioni de<span class=\"_ _0\"></span>i principi contab<span class=\"_ _1\"></span>ili d<span class=\"_ _1\"></span>i rife<span class=\"_ _1c\"></span>rimento e c<span class=\"_ _1c\"></span>he lo ste<span class=\"_ _1\"></span>sso si<span class=\"_ _1c\"></span>a stato co<span class=\"_ _1\"></span>rretta<span class=\"_ _1c\"></span>mente a<span class=\"ls0 ws61\">pplicato ai fini della </span>determin<span class=\"_ _0\"></span>azione del valore d\u2019uso della CGU Anima oggetto di ana<span class=\"_ _0\"></span>lisi.<span class=\"ls1 ws1\"> </span>9<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 im<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>riali:<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>ariaz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w728 h46b\" id=\"_110d0244-35a2-48c4-b1b6-6fa93167639a\"><tr><td></td><td class=\"c x808 y3676 w158 h1aa\"><div class=\"t m2e xf8 h1ab y1c4b ff2 fs3b fc0 sc0 ls1e5 ws453\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x808 y3676 w158 h1aa\"><div class=\"t m2e x24 h1ab y1c4c ff2 fs3b fc0 sc0 ls1e6 ws454\">A.<span class=\"_ _0\"></span> Esist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali</div></td><td class=\"c x808 y3677 w158 h1ac\"><div class=\"t m2e x5f h1ab y1c4e ff2 fs3b fc0 sc0 ls1e5 ws455\">                            1.<span class=\"_ _0\"></span>559.<span class=\"_ _0\"></span>256 </div></td></tr><tr><td class=\"c x212 y3678 w729 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">B. Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x809 y3678 w72a h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">2.<span class=\"_ _0\"></span>191<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3679 w72b h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e8 ws458\">B.1<span class=\"_ _1\"></span> A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>qu<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80a y3679 w72c h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">2.191<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367a w72d h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">C.<span class=\"_ _0\"></span> D<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>inuzioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80b y367a w72e h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>354)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367b w72f h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1ea ws45a\">C.<span class=\"_ _1c\"></span>2 Ammo<span class=\"_ _1c\"></span>rt<span class=\"_ _1c\"></span>ame<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80c y367b w730 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>44.204)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367c w731 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e8 ws458\">C.3 Re<span class=\"_ _1\"></span>ttific<span class=\"_ _0\"></span>he di valore<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80d y367c w732 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x80e y367d w733 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1eb ws45b\">- a Conto econom<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80f y367d w734 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w735 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">D.<span class=\"_ _0\"></span> Rim<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> finali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x810 y345e w736 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">1.<span class=\"_ _0\"></span>517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td></tr></table>Si ricorda che il saldo<span class=\"_ _0\"></span> relativo alla sottovoce \u201cA. Esistenze In<span class=\"_ _0\"></span>iziali\u201d include gli effetti de<span class=\"_ _0\"></span>i processi di PPA, conclusi nel 2025, relat<span class=\"_ _0\"></span>ivamente a Kairos SGR e Vita Srl (si rimanda alla \u201cParte A <span class=\"ls1 ws1\">\u2013 <span class=\"ls1d ws2b\">Al<span class=\"_ _0\"></span>tre </span></span>Infor<span class=\"_ _1\"></span>mazi<span class=\"_ _1\"></span>oni <span class=\"_ _20\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _15\"> </span><span class=\"ls1d ws131\">Rest<span class=\"_ _0\"></span>atement B<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io 2024<span class=\"_ _0\"></span>\u201d del pr<span class=\"_ _0\"></span>esen<span class=\"ls0 ws79\">te<span class=\"_ _0\"></span> Bilancio <span class=\"_ _0\"></span>Consolidato <span class=\"_ _0\"></span>per maggiori </span></span></span>dettagli).<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>La sottovoce<span class=\"_ _0\"></span> \u201cB.1 Acquisti\u201d si riferisce princ<span class=\"_ _0\"></span>ipalmente a (i) software acquistati nell\u2019eserc<span class=\"_ _0\"></span>izio da Anima SGR, (ii) l\u2019avvia<span class=\"_ _0\"></span>mento provvisorio iscr<span class=\"_ _0\"></span>itto a seguito dell\u2019acquisizione di r<span class=\"_ _0\"></span>amo d\u2019azienda da part<span class=\"_ _1\"></span>e di Vita S<span class=\"_ _1\"></span>rl, avv<span class=\"_ _1\"></span>enuta<span class=\"_ _1\"></span> nel cors<span class=\"_ _1c\"></span>o <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span> terzo tri<span class=\"_ _1c\"></span>mestre<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls30 wsa9\">2025, p<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>un imp<span class=\"_ _1\"></span>orto p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span> Eu<span class=\"_ _1\"></span>ro 83<span class=\"_ _1\"></span> </span></span>miglaia e (iii) all\u2019a<span class=\"_ _0\"></span>ggiustamento prezzo riconosciuto<span class=\"_ _0\"></span> in relazione ai Mandati di Gestione per circa Euro 425,4 migliaia,<span class=\"_ _0\"></span> per quanto previsto dagli accordi sottoscritt<span class=\"_ _0\"></span>i come integrati/modificati nel corso<span class=\"_ _1\"></span> del 2020.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-656": {
   "value": "Sezione 9 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Atti<span class=\"_ _0\"></span>vit\u00e0 immate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span>i </span>\u2013 </span>Voce 90<span class=\"ls1 ws1\"> </span>9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 im<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>riali:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ia d<span class=\"_ _0\"></span>i att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w692 h461\" id=\"_08294b0e-8e94-40a3-946e-e61fac12f441\"><tr><td></td><td></td><td class=\"c x771 y360d w153 h197\"><div class=\"t m2b xeb h195 y1b0e ff2 fs38 fc0 sc0 ls1c6 ws42d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x772 y360d w153 h197\"><div class=\"t m2b x67 h195 y1b0e ff2 fs38 fc0 sc0 ls1c6 ws42d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c x771 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td><td class=\"c x773 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td><td class=\"c x772 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td><td class=\"c x774 y360e w154 h198\"><div class=\"t m2b x55 h195 y1b10 ff2 fs38 fc0 sc0 ls1cc ws42e\">Atti<span class=\"_ _1\"></span>vi<span class=\"_ _1c\"></span>t\u00e0 v<span class=\"_ _1\"></span>al<span class=\"_ _1c\"></span>utate </div></td></tr><tr><td></td><td class=\"c x771 y360e w154 h198\"><div class=\"t m2b x93 h195 y1b11 ff2 fs38 fc0 sc0 ls1c5 ws425\">al<span class=\"_ _0\"></span> cost<span class=\"_ _13\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x773 y360e w154 h198\"><div class=\"t m2b x81 h195 y1b11 ff2 fs38 fc0 sc0 ls1cd ws42f\">al fair value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x772 y360e w154 h198\"><div class=\"t m2b x93 h195 y1b11 ff2 fs38 fc0 sc0 ls1c5 ws425\">al<span class=\"_ _0\"></span> cost<span class=\"_ _13\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x774 y360e w154 h198\"><div class=\"t m2b x81 h195 y1b11 ff2 fs38 fc0 sc0 ls1cd ws42f\">al fair value<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3610 w693 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c5 ws425\">1.<span class=\"_ _0\"></span> A<span class=\"_ _0\"></span>vviam<span class=\"_ _13\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x775 y3610 w694 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">1.<span class=\"_ _0\"></span>167.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td><td class=\"c x776 y3610 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x777 y3610 w696 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">1.167.<span class=\"_ _0\"></span>805<span class=\"_ _4ac\"> </span></div></td><td class=\"c x778 y3610 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3611 w698 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c7 ws428\">2. Alt<span class=\"_ _0\"></span>re at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0 im<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>riali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x779 y3611 w699 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">349.<span class=\"_ _0\"></span>205<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77a y3611 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77b y3611 w69a h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">391.451<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77c y3611 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3612 w69b h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c8 ws429\">2.1<span class=\"_ _1\"></span> G<span class=\"_ _0\"></span>enerate i<span class=\"_ _0\"></span>nternam<span class=\"_ _0\"></span>ente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77d y3612 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77e y3612 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x77f y3612 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x780 y3612 w695 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3613 w69c h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c9 ws42a\">2.2 A<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x781 y3613 w69d h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c9 ws42b\">349.205<span class=\"_ _4ac\"> </span></div></td><td class=\"c x782 y3613 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x783 y3613 w69d h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1c9 ws42b\">391.451<span class=\"_ _4ac\"> </span></div></td><td class=\"c x784 y3613 w697 h462\"><div class=\"t m2b x1fa h195 y360f ff1 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3615 w69e h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1ca ws42c\">di c<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i s<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span>are<span class=\"_ _13\"></span> e<span class=\"_ _0\"></span> alt<span class=\"_ _0\"></span>re<span class=\"_ _4ac\"> </span></div></td><td class=\"c x785 y3615 w69f h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">4.860<span class=\"_ _4ac\"> </span></div></td><td class=\"c x786 y3615 w6a0 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x787 y3615 w6a1 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">5.296<span class=\"_ _4ac\"> </span></div></td><td class=\"c x788 y3615 w6a0 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3616 w6a2 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1ca ws42c\">di c<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>i int<span class=\"_ _0\"></span>ang<span class=\"_ _13\"></span>ibili<span class=\"_ _4ac\"> </span></div></td><td class=\"c x789 y3616 w6a3 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">344.344<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78a y3616 w6a4 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78b y3616 w6a5 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1cb ws429\">386.155<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78c y3616 w6a4 h45f\"><div class=\"t m2b x1fa h196 y3614 ff5 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w6a6 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c5 ws425\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78d y345e w6a7 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1c6 ws426\">1.<span class=\"_ _0\"></span>517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td><td class=\"c x78e y345e w697 h462\"><div class=\"t m2b x1fa h195 y360f ff2 fs38 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x790 y3618 w6a8 h463\"><div class=\"t m2b x78f h195 y3617 ff2 fs38 fc0 sc0 ls1c6 ws426\">1.559.<span class=\"_ _0\"></span>256<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws81 gs580\">Nel prospetto che segue \u00e8 riepilogata la composiz<span class=\"_ _0\"></span>ione delle attivit\u00e0 immateriali iscritte ne<span class=\"_ _0\"></span>l </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws28 gs581\">presente<span class=\"_ _0\"></span> Bilanc<span class=\"_ _0\"></span>io consolidato<span class=\"_ _0\"></span> del G<span class=\"_ _0\"></span>ruppo:<span class=\"ls1 ws1\"> </span></div><div class=\"gs582\"><table class=\"s w6a9 h464\" id=\"_151ca703-2efb-41c4-93c0-598ef5813fb8\"><tr><td></td><td class=\"c x792 y361a w6aa h41c\"><div class=\"t m2c x1fa h19a y3619 ff2 fs39 fc0 sc0 ls1ce ws430\">31.<span class=\"_ _0\"></span>12.2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x793 y361a w6ab h41c\"><div class=\"t m2c x1fa h19a y3619 ff2 fs39 fc0 sc0 ls1ce ws431\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361b w6ac h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento da PPA ex<span class=\"_ _1\"></span> G<span class=\"_ _0\"></span>estielle Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x794 y361b w6ad h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">421.951<span class=\"_ _4ac\"> </span></div></td><td class=\"c x640 y361b w6ae h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">421.<span class=\"_ _4ac\"> </span></div><div class=\"t m2c x795 h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">951<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361c w6af h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d1 ws435\">Avvi<span class=\"_ _0\"></span>amento da PPA<span class=\"_ _0\"></span> ex Prima Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x796 y361c w6b0 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">304.736<span class=\"_ _4ac\"> </span></div></td><td class=\"c x797 y361c w6b0 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">304.736<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361d w6b1 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d1 ws435\">Avvi<span class=\"_ _0\"></span>amento da PPA<span class=\"_ _0\"></span> Anim<span class=\"_ _0\"></span>a Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x798 y361d w6b0 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">316.738<span class=\"_ _4ac\"> </span></div></td><td class=\"c x799 y361d w6ad h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">316.738<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361e w6b2 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d2 ws436\">Avviam<span class=\"_ _0\"></span>ento da PPA Com<span class=\"_ _0\"></span>pendio Scis<span class=\"_ _0\"></span>so BPF<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79a y361e w6b3 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">44.327<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79b y361e w6b4 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">44.327<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y361f w6b5 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d3 ws437\">Av<span class=\"_ _0\"></span>viam<span class=\"_ _0\"></span>ento PP<span class=\"_ _0\"></span>A ex A<span class=\"_ _0\"></span>perta SG<span class=\"_ _0\"></span>R e ex Luss<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>burgo G<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tioni S<span class=\"_ _0\"></span>A<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79c y361f w6b6 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">17.<span class=\"_ _0\"></span>711<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79d y361f w6b4 h41c\"><div class=\"t m2c x1fa h19a y3619 ff1 fs39 fc0 sc0 ls1d0 ws433\">17.711<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3621 w6b7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento da PPA Cas<span class=\"_ _0\"></span>tello Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79e y3621 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">59.944<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79f y3621 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">59.944<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3622 w6b8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento da PPA Vita Srl (Halldis)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a0 y3622 w6b9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2.398<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a1 y3622 w6ba h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2.<span class=\"_ _0\"></span>398<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3623 w6bb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Avviam<span class=\"_ _0\"></span>ento provvisorio Vita Srl (LeGeant)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a2 y3623 w6bc h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">83<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a3 y3623 w6bd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3624 w6be h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d4 ws438\">TOTALE AV<span class=\"_ _1\"></span>VIAMEN<span class=\"_ _1\"></span>TO CONSOL<span class=\"_ _1c\"></span>I<span class=\"_ _0\"></span>DATO<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a4 y3624 w6bf h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>167.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a5 y3624 w6c0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>167.805<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a6 y3625 w156 h19b\"><div class=\"t m2c x24 h19a y1b24 ff2 fs39 fc0 sc0 ls1d5 ws439\">AL<span class=\"_ _1\"></span>TRE<span class=\"_ _1\"></span> ATTIVITA'<span class=\"_ _1c\"></span> IMMATE<span class=\"_ _1\"></span>RAL<span class=\"_ _1c\"></span>I - IN<span class=\"_ _1c\"></span>TANG<span class=\"_ _1\"></span>IB<span class=\"_ _1\"></span>ILI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3626 w6c1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA A<span class=\"_ _0\"></span>nima Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a7 y3626 w6ad h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">112.121<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7a8 y3626 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">112.121<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a9 y3628 w6c2 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d6 ws43a\">-  di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ibili b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a Sg<span class=\"_ _0\"></span>r<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7aa y3628 w6c3 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">17.745<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ab y3628 w6c4 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">17.745<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3629 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y3629 w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(98.<span class=\"_ _0\"></span>269)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y3629 w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>97.736)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362a w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ae y362a w6c9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>533)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7af y362a w6ca h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(533)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362b w6cb h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Anim<span class=\"_ _0\"></span>a Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b0 y362b w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">13.319<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b1 y362b w6cd h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">13.852<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362c w6ce h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA ex Aperta Sgr e ex<span class=\"_ _1c\"></span> Luss<span class=\"_ _0\"></span>emburgo Ges<span class=\"_ _0\"></span>tioni SA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b2 y362c w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">12.361<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b3 y362c w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">12.361<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a9 y362d w6cf h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d6 ws43a\">-  di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ibili b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span>x A<span class=\"_ _13\"></span>pe<span class=\"_ _13\"></span>rta S<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>r (o<span class=\"_ _0\"></span>ra A<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a Sg<span class=\"_ _0\"></span>r)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b4 y362d w6d0 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">9.680<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b5 y362d w6d0 h465\"><div class=\"t m2c x1fa h19c y3627 ff5 fs39 fc0 sc0 ls1d7 ws437\">9.680<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362e w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y362e w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(12.<span class=\"_ _0\"></span>361)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y362e w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>11.126)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y362f w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b6 y362f w6d1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b7 y362f w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>1.235)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a6 y3625 w156 h19b\"><div class=\"t m2c x24 h19a y1b2e ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span> Ap<span class=\"_ _0\"></span>erta S<span class=\"_ _0\"></span>gr e ex<span class=\"_ _0\"></span> Lus. Gest<span class=\"_ _0\"></span>ioni SA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b8 y3630 w6d3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7b9 y3630 w6d3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3631 w6d4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA ex Gestielle Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x796 y3631 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">380.341<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ba y3631 w6ad h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">380.341<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3632 w6d5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">-<span class=\"_ _4ac\"> </span></div><div class=\"t m2c x7bb h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">amm<span class=\"_ _0\"></span>ortamenti e rettifiche di valore e<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ercizi preceden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7bc y3632 w6d6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(177.492)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7bd y3632 w6d6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(152.136)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3633 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7be y3633 w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>25.356)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7bf y3633 w6d7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(25.356)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3634 w6d8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span> Gestie<span class=\"_ _0\"></span>lle Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c0 y3634 w6d9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">177.493<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c1 y3634 w6da h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">202.<span class=\"_ _0\"></span>849<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3635 w6db h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA C<span class=\"_ _0\"></span>astello Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79e y3635 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">11.272<span class=\"_ _4ac\"> </span></div></td><td class=\"c x79f y3635 w6b4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">11.272<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a9 y3637 w6dc h45c\"><div class=\"t m2c x1fa h19c y3636 ff5 fs39 fc0 sc0 ls1d6 ws43a\">-  di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ibili b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>te<span class=\"_ _13\"></span>llo S<span class=\"_ _13\"></span>gr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c2 y3637 w6d0 h45c\"><div class=\"t m2c x1fa h19c y3636 ff5 fs39 fc0 sc0 ls1d7 ws437\">2.329<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c3 y3637 w6d0 h45c\"><div class=\"t m2c x1fa h19c y3636 ff5 fs39 fc0 sc0 ls1d7 ws437\">2.329<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3638 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c4 y3638 w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(3.932)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c5 y3638 w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(1.<span class=\"_ _0\"></span>220)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3639 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c6 y3639 w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(1.955)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c7 y3639 w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>2.712)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363a w6de h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Cast<span class=\"_ _0\"></span>ello Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c8 y363a w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">5.<span class=\"_ _0\"></span>386<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c9 y363a w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">7.<span class=\"_ _0\"></span>341<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363b w6e0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA Kairos SG<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ca y363b w6b9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">3.074<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cb y363b w6b9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">3.074<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363c w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cc y363c w6e1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>136)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cd y363c w6e2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363d w6e3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente (*)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ce y363d w6ca h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(205)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7cf y363d w6ca h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(136)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363e w6e4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Kairos Sgr<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d0 y363e w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">2.<span class=\"_ _0\"></span>733<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d1 y363e w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">2.<span class=\"_ _0\"></span>937<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y363f w6e5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili d<span class=\"_ _0\"></span>a PP<span class=\"_ _0\"></span>A rile<span class=\"_ _0\"></span>vati a livello conso<span class=\"_ _1\"></span>lidat<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d2 y363f w6da h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">198.<span class=\"_ _0\"></span>931<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d3 y363f w6e6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">226.<span class=\"_ _0\"></span>979<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3640 w6e7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili PPA C<span class=\"_ _0\"></span>ompendio Sciss<span class=\"_ _0\"></span>o BPF<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d4 y3640 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">106.875<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d5 y3640 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">106.875<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3641 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y3641 w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(43.<span class=\"_ _0\"></span>947)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y3641 w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>36.808)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3642 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c6 y3642 w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(7.120)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c7 y3642 w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>7.139)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3643 w6e8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili P<span class=\"_ _0\"></span>PA<span class=\"_ _0\"></span> Comp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>io Scisso BPF<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d6 y3643 w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">55.808<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d7 y3643 w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">62.928<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3644 w6e9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Marchio PPA V<span class=\"_ _0\"></span>ita Srl (Halldis)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d8 y3644 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">606<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7d9 y3644 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">606<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3645 w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7da y3645 w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>25)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7db y3645 w6ec h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3646 w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dc y3646 w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>61)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dd y3646 w6ed h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(25)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3647 w6ee h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibile M<span class=\"_ _0\"></span>archio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7de y3647 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">520<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7df y3647 w6ea h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">581<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3648 w6ef h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili d<span class=\"_ _0\"></span>a PP<span class=\"_ _0\"></span>A rile<span class=\"_ _0\"></span>vate a livello individuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e0 y3648 w6f0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">56.<span class=\"_ _0\"></span>329<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e1 y3648 w6cd h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">63.509<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3649 w6f1 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Intangibili riferiti ai Mand<span class=\"_ _1\"></span>ati di Ges<span class=\"_ _0\"></span>tione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e2 y3649 w6b0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">139.176<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e3 y3649 w6ad h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">138.750<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364a w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ac y364a w6c6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(45.<span class=\"_ _0\"></span>046)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ad y364a w6c7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>38.105)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364b w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c6 y364b w6dd h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(6.939)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7c7 y364b w6d2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>6.941)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364c w6f2 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Valore Resid<span class=\"_ _0\"></span>uo intangibili rif<span class=\"_ _0\"></span>eriti ai M<span class=\"_ _0\"></span>andat<span class=\"_ _0\"></span>i di Gest<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e4 y364c w6cc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">87.191<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e5 y364c w6f0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">93.<span class=\"_ _0\"></span>704<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364d w6f3 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">Marchio da Kairos SGR (c<span class=\"_ _0\"></span>onfermato in PPA)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e6 y364d w6f4 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2013<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e7 y364d w6f5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">2013<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364e w6c5 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>enti e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izi pre<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>eden<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7da y364e w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>50)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7db y364e w6ec h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y364f w6c8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1cf ws432\">- ammortam<span class=\"_ _0\"></span>ento e r<span class=\"_ _1\"></span>ettific<span class=\"_ _0\"></span>he di valore<span class=\"_ _1\"></span> eserc<span class=\"_ _0\"></span>izio corrente<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dc y364f w6eb h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(<span class=\"_ _0\"></span>75)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7dd y364f w6ed h41d\"><div class=\"t m2c x1fa h19a y3620 ff1 fs39 fc0 sc0 ls1d0 ws433\">(50)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3650 w6f6 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d2 ws436\">Valore Residuo Marchio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e8 y3650 w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7e9 y3650 w6f7 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>963<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x7a6 y3625 w156 h19b\"><div class=\"t m2c x24 h19a y1b51 ff2 fs39 fc0 sc0 ls1d2 ws436\">Marchio da Vita srl (<span class=\"_ _0\"></span>LeGeant)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ea y3651 w6f8 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws431\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7eb y3651 w6f9 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d0 ws43c\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3652 w6fa h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili d<span class=\"_ _0\"></span>a Bilanci individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ec y3652 w6fb h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">89.<span class=\"_ _0\"></span>085<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ed y3652 w6f0 h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">95.<span class=\"_ _0\"></span>667<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3653 w6fc h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d8 ws43b\">Alt<span class=\"_ _0\"></span>re att<span class=\"_ _0\"></span>ivit\u00e0 im<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>eriali consolidate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ee y3653 w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">4.<span class=\"_ _0\"></span>860<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7ef y3653 w6df h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">5.<span class=\"_ _0\"></span>296<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w6fd h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1d4 ws438\">TOTALE ATTIVITA' IMMATER<span class=\"_ _1\"></span>IALI CONSO<span class=\"_ _1\"></span>LIDATE<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f0 y345e w6fe h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f1 y345e w6bf h41d\"><div class=\"t m2c x1fa h19a y3620 ff2 fs39 fc0 sc0 ls1ce ws430\">1.<span class=\"_ _0\"></span>559.<span class=\"_ _0\"></span>256<span class=\"_ _4ac\"> </span></div></td></tr></table></div>(*) Dat<span class=\"_ _1\"></span>i restate<span class=\"_ _1\"></span>d per ef<span class=\"_ _1\"></span>fetto del<span class=\"_ _1\"></span>la PPA di<span class=\"_ _1\"></span> Kai<span class=\"_ _1\"></span>ros SG<span class=\"_ _1\"></span>R e della PP<span class=\"_ _1\"></span>A rilev<span class=\"_ _1\"></span>ata da Vit<span class=\"_ _1\"></span>a Srl,<span class=\"_ _1\"></span> si rinvia a<span class=\"_ _1\"></span> quanto<span class=\"_ _1\"></span> esposto<span class=\"_ _1\"></span> nella No<span class=\"_ _1c\"></span>ta<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>integrativ<span class=\"_ _1c\"></span>a consolidata,<span class=\"_ _1\"></span> Parte <span class=\"_ _1\"></span>A <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span></span><span class=\"ws15d\">Pol<span class=\"_ _1\"></span>itiche Conta<span class=\"_ _1\"></span>bili,<span class=\"_ _1\"></span> </span>Altre Info<span class=\"_ _1\"></span>rmazion<span class=\"_ _1\"></span>i paragr<span class=\"_ _1\"></span>afo \"Restate<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>ent B<span class=\"_ _1\"></span>ilancio 202<span class=\"_ _1\"></span>4\"<span class=\"_ _4ac\"> </span>Le attivit\u00e0 immateriali a vita utile<span class=\"_ _0\"></span> indefinita, rappresentate dagli avviamenti, ammontano compl<span class=\"_ _1\"></span>essiva<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e a Euro <span class=\"_ _1\"></span>1.167<span class=\"_ _1\"></span>,9 mili<span class=\"_ _1\"></span>oni. Risp<span class=\"_ _1c\"></span>etto all\u2019es<span class=\"_ _1c\"></span>ercizio pr<span class=\"_ _1\"></span>eced<span class=\"_ _1\"></span>ente so<span class=\"_ _1\"></span>no stat<span class=\"_ _1\"></span>e rileva<span class=\"_ _1c\"></span>te le seguenti o<span class=\"_ _0\"></span>perazioni:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls31 ws91\">conc<span class=\"_ _0\"></span>lusione de<span class=\"_ _0\"></span>l processo<span class=\"_ _0\"></span> di alloc<span class=\"_ _0\"></span>azione del<span class=\"_ _0\"></span> prezzo di<span class=\"_ _0\"></span> acquisto re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ivo al confer<span class=\"_ _0\"></span>imento </span>del ra<span class=\"_ _1\"></span>mo d<span class=\"_ _1\"></span>\u2019azie<span class=\"_ _1\"></span>nda Ha<span class=\"_ _1\"></span>lldis<span class=\"_ _1\"></span> in Vi<span class=\"_ _1\"></span>ta Srl<span class=\"_ _1\"></span>, avve<span class=\"_ _1\"></span>nuto <span class=\"_ _1\"></span>nel ter<span class=\"_ _1\"></span>zo tri<span class=\"_ _1c\"></span>mestre d<span class=\"_ _1\"></span>el 202<span class=\"_ _1\"></span>5. A<span class=\"_ _1\"></span> seguit<span class=\"_ _1\"></span>o di<span class=\"_ _1c\"></span> tale<span class=\"_ _1\"></span> alloca<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, si<span class=\"_ _1c\"></span> \u00e8 proc<span class=\"_ _1\"></span>eduto <span class=\"_ _1\"></span>a re<span class=\"_ _1\"></span>ttific<span class=\"_ _1\"></span>are l<span class=\"_ _1\"></span>\u2019avvi<span class=\"_ _1c\"></span>amento p<span class=\"_ _1\"></span>rovvi<span class=\"_ _1\"></span>sori<span class=\"_ _1\"></span>o is<span class=\"_ _1\"></span>critto <span class=\"_ _1\"></span>(pa<span class=\"_ _1\"></span>ri ad E<span class=\"_ _1c\"></span>uro 2.793 migliaia<span class=\"_ _0\"></span>) di un importo<span class=\"_ _0\"></span> di Euro 395 migliaia (si rin<span class=\"_ _0\"></span>via a quanto r<span class=\"_ _0\"></span>iportato nella Parte A <span class=\"ls1 ws1\">\u2013 <span class=\"ls30 ws27\">Pol<span class=\"_ _1\"></span>itic<span class=\"_ _1\"></span>he Con<span class=\"_ _1\"></span>tabil<span class=\"_ _1\"></span>i, A<span class=\"_ _1\"></span>ltre I<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>zioni<span class=\"_ _1c\"></span>, parag<span class=\"_ _1c\"></span>rafo \u201cP<span class=\"_ _1\"></span>urchas<span class=\"_ _1c\"></span>e Price<span class=\"_ _1\"></span> Alloca<span class=\"_ _1c\"></span>tion <span class=\"ls1 ws1\">\u2013 <span class=\"ls2f ws0\">Vit<span class=\"_ _0\"></span>a Sr<span class=\"_ _0\"></span>l </span></span></span></span>conferimento<span class=\"_ _0\"></span> ramo Halldis\u201d della Nota inte<span class=\"_ _0\"></span>grativa c<span class=\"ls11 ws5\">onsolidata);<span class=\"ls1 ws1\"> </span></span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws15\">in data 24 luglio 2025, Vita Srl</span> <span class=\"lsf ws17\">ha<span class=\"_ _1\"></span> acq<span class=\"_ _1\"></span>uisto <span class=\"_ _1c\"></span>un ramo<span class=\"_ _1c\"></span> d\u2019azi<span class=\"_ _1\"></span>enda<span class=\"_ _1\"></span> aven<span class=\"_ _1\"></span>te ad<span class=\"_ _1\"></span> ogge<span class=\"_ _1c\"></span>tto l\u2019at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 </span>di gestione di un<span class=\"_ _0\"></span>a residenza turistic<span class=\"_ _0\"></span>a alberghiera denominata<span class=\"_ _0\"></span> \u201cLe Geant\u201d sita in Courm<span class=\"_ _0\"></span>ayeur, ch<span class=\"_ _0\"></span>e ha provvis<span class=\"_ _0\"></span>oriame<span class=\"_ _0\"></span>nte gener<span class=\"_ _0\"></span>ato un a<span class=\"_ _0\"></span>vviamento<span class=\"_ _0\"></span> di circ<span class=\"_ _0\"></span>a euro 83 migliai<span class=\"_ _0\"></span>a. <span class=\"_ _0\"></span> <span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>Le attivit\u00e0 intangibili a vita utile defin<span class=\"_ _0\"></span>ita, pari a Euro 349,2 milioni (Euro 391,5 al 31 dicembre 2024)<span class=\"_ _1\"></span>, sono p<span class=\"_ _1c\"></span>rincipal<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e costit<span class=\"_ _1\"></span>uite da<span class=\"_ _1\"></span>:<span class=\"ls1 ws1\"> </span>1.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws0\">attivit\u00e0 imm<span class=\"_ _0\"></span>ateriali rilevate<span class=\"_ _0\"></span> a livello consolidato: <span class=\"ls1 ws1\"> </span></span>a.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _24\"> </span></span><span class=\"ls0 ws7f\">rapporti contrattuali,<span class=\"_ _0\"></span> valoriz<span class=\"_ _0\"></span>zati in sede di </span><span class=\"ff5 ws172\">P<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> A<span class=\"_ _13\"></span>llo<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>atio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls11 ws172\">(\u201cPPA\u201d) di Anima SGR </span></span>avvenuta ne<span class=\"_ _0\"></span>l 2011, nei quali si sost<span class=\"_ _0\"></span>anziava la relazion<span class=\"_ _0\"></span>e con la clientela<span class=\"_ _0\"></span> acquista (comp<span class=\"_ _1\"></span>leta<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>mortizza<span class=\"_ _1c\"></span>ta) ed i<span class=\"_ _1\"></span>l mar<span class=\"_ _1c\"></span>chio \u201cA<span class=\"_ _1\"></span>nima\u201d<span class=\"_ _1\"></span>, que<span class=\"_ _1\"></span>st\u2019ul<span class=\"_ _1\"></span>timo is<span class=\"_ _1c\"></span>critto p<span class=\"_ _1c\"></span>er un va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e resid<span class=\"_ _1c\"></span>uo di ci<span class=\"_ _1c\"></span>rca E<span class=\"_ _1\"></span>uro 13<span class=\"_ _1c\"></span>,3 milio<span class=\"_ _1c\"></span>ni e c<span class=\"_ _1\"></span>on vita<span class=\"_ _1c\"></span> util<span class=\"_ _1\"></span>e sti<span class=\"_ _1\"></span>mata<span class=\"_ _1\"></span> def<span class=\"ls0 ws8c\">i<span class=\"_ _1\"></span>nita sulla base della durata </span>di Anima SGR come previsto dallo statuto; il valore di tale int<span class=\"_ _0\"></span>angibile era stato quantificato<span class=\"_ _0\"></span> sulla base dei costi di pubblicit\u00e0 sost<span class=\"_ _0\"></span>enuti dalla societ\u00e0 n<span class=\"ls1c ws8a\">ei 7 an<span class=\"_ _1\"></span>ni prec<span class=\"_ _1\"></span>eden<span class=\"_ _1\"></span>ti </span>all\u2019acquis<span class=\"_ _0\"></span>izione e rivalutati ad un<span class=\"_ _0\"></span> tasso del 2%;<span class=\"ls1 ws1\"> </span>b.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws99\">r<span class=\"_ _0\"></span>apporti contrattuali, valor<span class=\"_ _0\"></span>izzati in sede di PPA eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _0\"></span>a sulla ex Aletti Gestielle SGR </span>S.p.A<span class=\"_ _1\"></span>. (\u201cGe<span class=\"_ _1\"></span>stiel<span class=\"_ _1\"></span>le SGR\u201d<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"ls0 ws65\">societ\u00e0<span class=\"_ _0\"></span> poi incorporata in Anim<span class=\"_ _0\"></span>a SGR), nei quali si so<span class=\"_ _0\"></span>stanzia la </span></span>relazi<span class=\"_ _1c\"></span>one con la c<span class=\"_ _1\"></span>lien<span class=\"_ _1\"></span>tela ac<span class=\"_ _1\"></span>quisi<span class=\"_ _1\"></span>ta per<span class=\"_ _1\"></span> un va<span class=\"_ _1\"></span>lore resi<span class=\"_ _1\"></span>duo<span class=\"_ _1\"></span> di Euro<span class=\"_ _1\"></span> 177,<span class=\"_ _1\"></span>5 m<span class=\"ls0 wsc1\">ilioni; in </span>particolare<span class=\"_ _0\"></span>, tenuto conto delle specificit\u00e0 delle acquisizioni in esame e della prassi ormai cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ata nel<span class=\"_ _1\"></span> setto<span class=\"_ _1c\"></span>re dell\u2019as<span class=\"_ _1c\"></span>set mana<span class=\"_ _1\"></span>gem<span class=\"_ _1\"></span>ent,<span class=\"_ _1\"></span> \u00e8 stato id<span class=\"_ _1\"></span>entif<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>to l\u2019in<span class=\"_ _1\"></span>tangi<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e \u201c<span class=\"ff5 ls41 ws262\">Cust<span class=\"_ _1\"></span>ome<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span> Rel<span class=\"_ _1\"></span>a<span class=\"_ _1c\"></span>ti<span class=\"_ _1c\"></span>onshi<span class=\"_ _1c\"></span>p<span class=\"_ _1\"></span><span class=\"ff1 ls0 wsb1\">\u201d il cui valore \u00e8 dato dal margine commission<span class=\"_ _0\"></span>ale<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"lsf wsa0\">net<span class=\"_ _1\"></span>to lu<span class=\"_ _1\"></span>ngo l<span class=\"_ _1\"></span>a </span></span></span></span>dura<span class=\"_ _1\"></span>ta ec<span class=\"_ _1c\"></span>onomica<span class=\"_ _1c\"></span> del r<span class=\"_ _1\"></span>appor<span class=\"_ _1c\"></span>to acq<span class=\"_ _1\"></span>uisit<span class=\"_ _1\"></span>o, di<span class=\"_ _1\"></span>sting<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>ndo l<span class=\"_ _1\"></span>a red<span class=\"_ _1\"></span>ditiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1c\"></span>netta a<span class=\"_ _1\"></span>ssoci<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span> alle different<span class=\"_ _0\"></span>i tipologie di fondi gestiti. I volumi utilizzati come base di partenza per la valutaz<span class=\"_ _0\"></span>ione dell\u2019intangibile, sono stati quelli relativi agli AuM dei fondi gestiti da Gestielle SGR alla data di acquisizione, ovvero al 28 dicembre <span class=\"_ _1\"></span>2017; la vita utile stimata per tale inta<span class=\"_ _1\"></span>ngib<span class=\"_ _1\"></span>ile \u00e8 <span class=\"_ _1\"></span>stata<span class=\"_ _1\"></span> def<span class=\"_ _1\"></span>inita<span class=\"_ _1\"></span> in q<span class=\"_ _1\"></span>uind<span class=\"_ _1\"></span>ici a<span class=\"_ _1\"></span>nni,<span class=\"_ _1\"></span> con <span class=\"_ _1\"></span>ammo<span class=\"_ _1c\"></span>rtament<span class=\"_ _1c\"></span>o in quo<span class=\"_ _1\"></span>te cos<span class=\"_ _1c\"></span>tanti;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>c.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _c1\"> </span></span><span class=\"ls30 ws94\">rappor<span class=\"_ _1\"></span>ti co<span class=\"_ _1c\"></span>ntrattual<span class=\"_ _1\"></span>i, va<span class=\"_ _1c\"></span>lorizza<span class=\"_ _1\"></span>ti i<span class=\"_ _1\"></span>n sede<span class=\"_ _1\"></span> di P<span class=\"_ _1\"></span>PA e<span class=\"_ _1c\"></span>ffettuata<span class=\"_ _1c\"></span> con rif<span class=\"_ _1c\"></span>eriment<span class=\"_ _1\"></span>o all\u2019<span class=\"_ _1\"></span>acqui<span class=\"_ _1\"></span>sizi<span class=\"_ _1c\"></span>one </span>di Castello SGR avvenuta in dat<span class=\"_ _0\"></span>a 19 luglio 2023, per un valore residuo pari a Euro 5,4 milioni; in<span class=\"_ _0\"></span> particolare, sono st<span class=\"_ _0\"></span>ati individuati 57<span class=\"_ _0\"></span> intangibili a vita ut<span class=\"_ _0\"></span>ile<span class=\"ls1 ws1\"> </span>definita<span class=\"_ _0\"></span> relativi alle \u201cCus<span class=\"_ _1\"></span>tomer Rel<span class=\"_ _1\"></span>ation<span class=\"_ _1\"></span>ship<span class=\"_ _1\"></span>\u201d conness<span class=\"_ _1c\"></span>e al rapport<span class=\"_ _1\"></span>o di cli<span class=\"_ _1\"></span>entela so<span class=\"_ _1\"></span>ttosta<span class=\"_ _1c\"></span>nte le mass<span class=\"_ _1\"></span>e gestit<span class=\"_ _1\"></span>e dai fondi immobiliar<span class=\"_ _0\"></span>i di Castello SGR, il cu<span class=\"_ _0\"></span>i valore \u00e8 stato determinato consider<span class=\"_ _0\"></span>ando il mar<span class=\"_ _0\"></span>gine comm<span class=\"_ _0\"></span>ission<span class=\"_ _0\"></span>ale nett<span class=\"_ _0\"></span>o gener<span class=\"_ _0\"></span>ato dal<span class=\"_ _0\"></span>le mass<span class=\"_ _0\"></span>e in gest<span class=\"_ _0\"></span><span class=\"ls35 ws153\">ione lungo la durat<span class=\"_ _0\"></span>a dei </span>singoli fondi immobiliari con<span class=\"_ _0\"></span>siderati. Come richiesto dai principi contabili internazionali, sono stati an<span class=\"_ _0\"></span>alizzati solo<span class=\"_ _0\"></span> i fondi att<span class=\"_ _0\"></span>ivi prima della data di acquis<span class=\"_ _0\"></span>izione, mentre<span class=\"_ _0\"></span> in relazione <span class=\"_ _0\"></span>alla vita ut<span class=\"_ _0\"></span>ile delle Customer Re<span class=\"_ _0\"></span>lationshi<span class=\"lsf ws7a\">p \u00e8 sta<span class=\"_ _1\"></span>ta cons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>erata<span class=\"_ _1c\"></span> <span class=\"_ _0\"></span>la du<span class=\"_ _1\"></span>rata re<span class=\"_ _1c\"></span>sidua </span>per cia<span class=\"_ _1\"></span>scu<span class=\"_ _1\"></span>n fondo.<span class=\"_ _1\"></span> L\u2019amm<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o totale<span class=\"_ _1\"></span> riporta<span class=\"_ _1\"></span>to in ta<span class=\"_ _1\"></span>bella<span class=\"_ _1\"></span> \u00e8 calc<span class=\"_ _1\"></span>olato co<span class=\"_ _1\"></span>me la sommatoria degli ammort<span class=\"_ _0\"></span>amenti specifici di ciasc<span class=\"_ _0\"></span>un <span class=\"ls31 ws5c\">fondo;<span class=\"_ _4ac\"> </span></span>d.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws82\">r<span class=\"_ _0\"></span>apporti contrattuali,<span class=\"_ _0\"></span> valorizzati in s<span class=\"_ _0\"></span>ede di PPA effettu<span class=\"_ _0\"></span>ata con riferimento all\u2019<span class=\"_ _0\"></span>acquisizione </span>di Kairos SGR (avvenuta il 2<span class=\"_ _0\"></span> maggio 2024), per un valore residuo di Euro 2,7 milioni;<span class=\"_ _0\"></span> in particolare<span class=\"_ _0\"></span> \u00e8 stato identifica<span class=\"_ _0\"></span>to un intangibile a vit<span class=\"_ _0\"></span>a utile de<span class=\"_ _0\"></span>finita rel<span class=\"ls11 wscf\">ativo alla \u201cCustomer </span>Relationship\u201d connes<span class=\"_ _0\"></span>so al rapporto con la clientela sottostante gli AuM, il cui valore \u00e8 stato<span class=\"_ _1\"></span> dete<span class=\"_ _1\"></span>rmina<span class=\"_ _1c\"></span>to cons<span class=\"_ _1\"></span>idera<span class=\"_ _1c\"></span>ndo il ma<span class=\"_ _1\"></span>rgine<span class=\"_ _1\"></span> commi<span class=\"_ _1c\"></span>ssional<span class=\"_ _1\"></span>e ge<span class=\"_ _1\"></span>nera<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>alle mas<span class=\"_ _1c\"></span>se totali<span class=\"_ _1\"></span> in gestione<span class=\"_ _0\"></span> alla data di acqu<span class=\"_ _0\"></span>isizione lungo il per<span class=\"_ _0\"></span>iodo 2022<span class=\"ls1 ws1\">-<span class=\"ls1c ws27\">20</span></span>23. La stima della vit<span class=\"_ _0\"></span>a utile dell\u2019Int<span class=\"_ _0\"></span>angibile tiene con<span class=\"_ _0\"></span>to del churn rate<span class=\"_ _0\"></span> medio annuo per il pe<span class=\"_ _0\"></span>riodo 2014<span class=\"ls1 ws1\">-<span class=\"ls1d wse4\">202<span class=\"_ _0\"></span>3. In </span></span>parti<span class=\"_ _1\"></span>colar<span class=\"_ _1\"></span>e, si ri<span class=\"_ _1\"></span>corda<span class=\"_ _1\"></span> che<span class=\"_ _1c\"></span>, avendo c<span class=\"_ _1c\"></span>oncluso l<span class=\"_ _1\"></span>a PP<span class=\"_ _1\"></span>A nel c<span class=\"_ _1\"></span>orso d<span class=\"_ _1\"></span>ell\u2019e<span class=\"_ _1\"></span>serciz<span class=\"_ _1\"></span>io co<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e, il<span class=\"_ _1\"></span> principio cont<span class=\"_ _0\"></span>abile IFRS 3 prevede che la situazion<span class=\"lse ws1e4\">e espost<span class=\"_ _0\"></span>a rappresenti gli e<span class=\"_ _0\"></span>ffetti </span>dell\u2019operazione come se alla data di acqu<span class=\"_ _0\"></span>isizione (avvenuta nel 2024) si fosse gi\u00e0 concluso il proces<span class=\"_ _0\"></span>so di allocazione del prezzo, con conseguente \u201cre<span class=\"_ _0\"></span>statement\u201d dei valori rifer<span class=\"_ _0\"></span>iti all\u2019esercizio precedente. Si rimanda ai p<span class=\"lse ws110\">aragr<span class=\"_ _0\"></span>afi \u201cOperazione di aggre<span class=\"_ _0\"></span>gazione di </span>Kairos SGR<span class=\"_ _0\"></span>\u201d e \u201cPurchase Price<span class=\"_ _0\"></span> Allocation <span class=\"ls1 ws1\">\u2013 <span class=\"_ _b9\"> </span><span class=\"lse ws43e\">Kairos SG<span class=\"_ _0\"></span>R\u201d per ma<span class=\"_ _0\"></span>ggiori detta<span class=\"_ _0\"></span>gli </span></span>sull\u2019operaz<span class=\"_ _0\"></span>ione.  <span class=\"ls1 ws1\"> </span>2.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws0\">attivit\u00e0 imm<span class=\"_ _0\"></span>ateriali rilevate<span class=\"_ _0\"></span> a livello di bilancio d\u2019eserciz<span class=\"_ _0\"></span>io delle controllate:<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></span>a.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _24\"> </span></span><span class=\"ls0 ws76\">rapporti contrattuali,<span class=\"_ _0\"></span> valorizzati in sede<span class=\"_ _0\"></span> di PPA effettuata con<span class=\"_ _0\"></span> riferimento alla scis<span class=\"_ _0\"></span>sione </span>parziale<span class=\"_ _0\"></span> del ramo d\u2019azienda di BancoPost<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>Fondi S<span class=\"_ _0\"></span>GR (\u201cCompendio Scisso<span class=\"_ _0\"></span>\u201d <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws8c\">scissione a </span></span>fav<span class=\"_ _1\"></span>ore di<span class=\"_ _1\"></span> Anim<span class=\"_ _1\"></span>a SGR)<span class=\"_ _1c\"></span>, per <span class=\"_ _1\"></span>un val<span class=\"_ _1\"></span>ore r<span class=\"_ _1c\"></span>esiduo p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a Eur<span class=\"_ _1\"></span>o 55<span class=\"_ _1\"></span>,8 mil<span class=\"_ _1\"></span>ioni<span class=\"_ _1c\"></span>; in parti<span class=\"_ _1c\"></span><span class=\"ls31 ws18b\">co<span class=\"_ _0\"></span>lare \u00e8<span class=\"_ _0\"></span> sta<span class=\"_ _0\"></span>to </span>identificato<span class=\"_ _0\"></span> l\u2019intangibile \u201cAccordo Oper<span class=\"_ _0\"></span>ativo\u201d, il cui valore \u00e8 stato determinato sulla base dei fluss<span class=\"_ _0\"></span>i finanziari attesi,<span class=\"_ _0\"></span> generati dalle masse in gestione (AuM),<span class=\"_ _0\"></span> lungo la durata dell<span class=\"_ _1\"></span>\u2019Accord<span class=\"_ _1c\"></span>o Opera<span class=\"_ _1\"></span>tivo,<span class=\"_ _1\"></span> stipul<span class=\"_ _1\"></span>ato i<span class=\"_ _1\"></span>n data <span class=\"_ _1\"></span>6 ma<span class=\"_ _1\"></span>rzo 20<span class=\"_ _1\"></span>18 tra<span class=\"_ _1\"></span> Pos<span class=\"ls11 wse5\">te Itali<span class=\"_ _1\"></span>ane, BancoPosta </span>Fond<span class=\"_ _1\"></span>i SGR<span class=\"_ _1c\"></span>, Poste<span class=\"_ _1\"></span> Vita<span class=\"_ _1\"></span>, Ani<span class=\"_ _1c\"></span>ma Hold<span class=\"_ _1\"></span>ing <span class=\"_ _1\"></span>e Ani<span class=\"_ _1c\"></span>ma SGR<span class=\"_ _1\"></span>. La vi<span class=\"_ _1c\"></span>ta util<span class=\"_ _1c\"></span>e di tal<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1c\"></span> imma<span class=\"_ _1\"></span>teria<span class=\"_ _1\"></span>le \u00e8 s<span class=\"_ _1c\"></span>tata sti<span class=\"_ _1c\"></span>mata i<span class=\"_ _1\"></span>n qui<span class=\"_ _1\"></span>ndici<span class=\"_ _1\"></span> anni<span class=\"_ _1\"></span>, c<span class=\"_ _1\"></span>on am<span class=\"_ _1\"></span>morta<span class=\"_ _1c\"></span>mento i<span class=\"_ _1\"></span>n quo<span class=\"_ _1\"></span>te c<span class=\"_ _1\"></span>ostan<span class=\"_ _1\"></span>ti;<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>b.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws189\">m<span class=\"_ _0\"></span>andati per la gestione in delega degli attivi derivanti dalle attivit\u00e0 di impresa </span>assicurativa (\u201cMandati di Gestione\u201d) acquisiti dalla controllata Anima SGR da Ba<span class=\"_ _1\"></span>nca Aletti S.p.A<span class=\"_ _1\"></span>. il<span class=\"_ _1\"></span> 29 gi<span class=\"_ _1\"></span>ugno <span class=\"_ _1\"></span>201<span class=\"_ _1\"></span>8 per <span class=\"_ _1c\"></span>un valo<span class=\"_ _1\"></span>re res<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>uo di<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>87,2 <span class=\"_ _1c\"></span>milioni<span class=\"_ _1\"></span>. In pa<span class=\"_ _1c\"></span>rticola<span class=\"_ _1\"></span>r<span class=\"ls35 ws5c\">e, tenuto </span>conto della<span class=\"_ _0\"></span> specificit\u00e0 de<span class=\"_ _0\"></span>ll\u2019acquisizione<span class=\"_ _0\"></span> in esame, il valore<span class=\"_ _0\"></span> dell\u2019attivit\u00e0 in<span class=\"_ _0\"></span>tangibile (pari a<span class=\"_ _0\"></span>l prezz<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>rrisp<span class=\"_ _1\"></span>osto a<span class=\"_ _1c\"></span> Banca A<span class=\"_ _1\"></span>letti)<span class=\"_ _1\"></span>, \u00e8 s<span class=\"_ _1c\"></span>tato de<span class=\"_ _1\"></span>termi<span class=\"_ _1\"></span>nato s<span class=\"_ _1c\"></span>ulla bas<span class=\"_ _1c\"></span>e delle<span class=\"_ _1\"></span> mass<span class=\"_ _1c\"></span>e trasfe<span class=\"_ _1\"></span>rite<span class=\"_ _1\"></span> ad Anima SGR alla data di acquisto (pari a circa Euro 9,4 m<span class=\"ls0 wsb1\">iliardi).<span class=\"_ _0\"></span> La vita utile<span class=\"_ _0\"></span> stimata </span>per<span class=\"_ _1\"></span> tale <span class=\"_ _1\"></span>inta<span class=\"_ _1\"></span>ngib<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> \u00e8 s<span class=\"_ _1\"></span>tata d<span class=\"_ _1c\"></span>efini<span class=\"_ _1\"></span>ta in<span class=\"_ _1c\"></span> venti a<span class=\"_ _1c\"></span>nni, c<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>rtam<span class=\"_ _1\"></span>ento<span class=\"_ _1\"></span> in q<span class=\"_ _1c\"></span>uote c<span class=\"_ _1\"></span>osta<span class=\"_ _1\"></span>nti. Si informa che su tale int<span class=\"_ _0\"></span>angibile, cos\u00ec come previsto dagli accordi sottos<span class=\"_ _0\"></span>critti in sede di acquisto (inte<span class=\"_ _0\"></span>grati/modificati nel corso d<span class=\"ls1c ws2a\">el 2020)<span class=\"_ _1\"></span>, \u00e8 stato rilev<span class=\"_ _1\"></span>ato nel c<span class=\"_ _1c\"></span>orso dell\u2019e<span class=\"_ _1\"></span>sercizi<span class=\"_ _1c\"></span>o </span>2025 un a<span class=\"_ _0\"></span>ggiust<span class=\"_ _0\"></span>amento pre<span class=\"_ _0\"></span>zzo da corri<span class=\"_ _0\"></span>sponder<span class=\"_ _0\"></span>e alla con<span class=\"_ _0\"></span>tropart<span class=\"_ _0\"></span>e per cir<span class=\"_ _0\"></span>ca Euro 425,4 migliaia;<span class=\"ls1 ws1\"> </span>c.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _10d\"> </span></span><span class=\"ls0 wsd5\">il marchio <span class=\"lse ws0\">di  <span class=\"ls31 ws5c\">Kairos<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _15\"> </span><span class=\"ls35 ws16\">SGR<span class=\"_ _0\"></span></span></span></span></span>, acquisito dalla s<span class=\"_ _0\"></span>ociet\u00e0 contr<span class=\"_ _0\"></span>ollata prima <span class=\"ls1c ws24c\">dell\u2019ing<span class=\"_ _1\"></span>resso nel<span class=\"_ _1c\"></span> </span></span>Gruppo An<span class=\"_ _0\"></span>ima<span class=\"ls30 wsba\">, per <span class=\"_ _1\"></span>un va<span class=\"_ _1\"></span>lore r<span class=\"_ _1\"></span>esidu<span class=\"_ _1\"></span>o pari a<span class=\"_ _1\"></span> Euro<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 wsb1\">1.887 m<span class=\"_ _0\"></span>igliaia, con vita<span class=\"_ _0\"></span> utile definit<span class=\"_ _0\"></span>a </span></span></span>sulla base della dur<span class=\"_ _0\"></span>ata di <span class=\"ls31 ws5c\">Kairos<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><span class=\"ws2b\">SGR come prev<span class=\"_ _0\"></span>isto da<span class=\"_ _0\"></span>llo st<span class=\"_ _0\"></span>atuto<span class=\"ls1 ws1\">; </span></span></span>d.<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0 ws82\">il m<span class=\"_ _0\"></span>archio Halldis rilevato da Vita Srl, valorizzato in sede di PPA effettuata con riferimento </span>al con<span class=\"_ _0\"></span>feriment<span class=\"_ _0\"></span>o del ramo d\u2019<span class=\"_ _0\"></span>azien<span class=\"_ _0\"></span>da avvenuto i<span class=\"_ _0\"></span>n data 6 ago<span class=\"_ _0\"></span>sto 2024, p<span class=\"_ _0\"></span>er un valore residuo pari a circa Euro 520 migliaia, con vita utile definita in dieci anni e ammort<span class=\"_ _0\"></span>amento in quo<span class=\"_ _0\"></span>te costa<span class=\"_ _0\"></span>nti.  <span class=\"ls1 ws1\"> </span>Si ricor<span class=\"_ _0\"></span>da che, per le operazioni di acquisiz<span class=\"_ _0\"></span>ione riferite alla e<span class=\"_ _0\"></span>x Gestielle SGR, al Compendio Scisso e ai Mandat<span class=\"_ _0\"></span>i di Gestione, gli accordi defin<span class=\"_ _0\"></span>iti (come integrati/modific<span class=\"_ _0\"></span>ati da quanto sottoscritto<span class=\"_ _0\"></span> nel corso del 2<span class=\"_ _0\"></span>020) preve<span class=\"_ _0\"></span>dono, in linea con la pr<span class=\"_ _0\"></span>assi di <span class=\"ls30 wsac\">operaz<span class=\"_ _1\"></span>ioni a<span class=\"_ _1c\"></span>naloghe<span class=\"_ _1\"></span>, </span>specifici me<span class=\"_ _0\"></span>ccanismi di protezione e gar<span class=\"_ _0\"></span>anzia (ad esempio meccanismi di aggiusta<span class=\"_ _0\"></span>mento<span class=\"_ _4ac\"> </span> prezz<span class=\"_ _1\"></span>o, mecca<span class=\"_ _1c\"></span>nismi di<span class=\"_ _1\"></span> <span class=\"ff5 ls33 wsb6\">e<span class=\"_ _11\"></span>arn<span class=\"_ _13\"></span><span class=\"ls1 ws1\">-<span class=\"_ _0\"></span><span class=\"ls39 ws43f\">in<span class=\"_ _13\"></span> <span class=\"_ _0\"></span>/<span class=\"_ _0\"></span> e<span class=\"_ _11\"></span>ar<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span></span>-<span class=\"ls51 ws14d\">o<span class=\"_ _0\"></span>ut</span></span></span><span class=\"ls0 wsd5\">, mantenimento di determin<span class=\"_ _0\"></span>ati livelli di quote di </span>merca<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span> part<span class=\"_ _1c\"></span>e delle c<span class=\"_ _1\"></span>ontrop<span class=\"_ _1\"></span>arti <span class=\"_ _1\"></span>dei p<span class=\"_ _1\"></span>rod<span class=\"_ _1\"></span>otti <span class=\"_ _1\"></span>gesti<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima, <span class=\"_ _1c\"></span>meccanis<span class=\"_ _1c\"></span>mi di ve<span class=\"_ _1\"></span>rific<span class=\"_ _1\"></span>a della perform<span class=\"_ _0\"></span>ance dei prodotti gestiti dal Gruppo Anima e rimedi in cas<span class=\"_ _1\"></span>o di <span class=\"ff5 ls38 ws77\">un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rfo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> </span>degl<span class=\"_ _1\"></span>i stes<span class=\"_ _1\"></span>si). P<span class=\"_ _1\"></span>er mag<span class=\"_ _1c\"></span>giori de<span class=\"_ _1\"></span>ttagli<span class=\"_ _1\"></span>, si ri<span class=\"_ _1c\"></span>manda<span class=\"_ _1\"></span> al Ca<span class=\"_ _1\"></span>pitol<span class=\"_ _1\"></span>o XXII<span class=\"_ _1\"></span> del P<span class=\"_ _1\"></span>rospe<span class=\"_ _1\"></span>tto I<span class=\"_ _1\"></span>nforma<span class=\"_ _1c\"></span>tivo pubblicato in dat<span class=\"_ _0\"></span>a 23 marzo 2018 relativo all\u2019aumento di capitale e ai documenti informativi relativi ad operazion<span class=\"_ _0\"></span>i di<span class=\"_ _1\"></span> maggiore rilevanza co<span class=\"ls1d ws6a\">n pa<span class=\"_ _0\"></span>rti cor<span class=\"_ _0\"></span>relate p<span class=\"_ _0\"></span>ubbli<span class=\"_ _0\"></span>cate in dat<span class=\"_ _0\"></span>a 7 april<span class=\"_ _0\"></span>e 2020 </span>e in data 21 maggio 2020,<span class=\"_ _0\"></span> disponibili sul sito della Societ<span class=\"_ _0\"></span>\u00e0.<span class=\"ls1 ws1\"> </span>Nella success<span class=\"_ _0\"></span>iva tabella si fornisce la riconc<span class=\"_ _0\"></span>iliazione tra le partec<span class=\"_ _0\"></span>ipazioni detenute dalla Societ\u00e0 ed iscr<span class=\"_ _0\"></span>itte nel Bilancio di Eserc<span class=\"_ _0\"></span>izio e le attivit\u00e0 immater<span class=\"_ _0\"></span>iali evidenziate nel presente<span class=\"_ _0\"></span> Bilancio Cons<span class=\"_ _0\"></span>olidato:<table class=\"s w6ff h466\" id=\"_f61d894c-51ed-4794-9993-a6aef52e4d7c\"><tr><td class=\"c x212 y3655 w700 h467\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ioni iscritte<span class=\"_ _0\"></span> su Anim<span class=\"_ _0\"></span>a Holding bilancio separat<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f2 y3655 w701 h467\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">1.926.<span class=\"_ _0\"></span>925<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3656 w702 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Rett<span class=\"_ _0\"></span>ifica p<span class=\"_ _0\"></span>er LTI<span class=\"_ _0\"></span>P d<span class=\"_ _0\"></span>elle<span class=\"_ _0\"></span> part<span class=\"_ _0\"></span>ecipaz<span class=\"_ _0\"></span>ioni iscritte s<span class=\"_ _0\"></span>u Anima Holding<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f3 y3656 w703 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(82.<span class=\"_ _0\"></span>649)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3657 w704 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1db ws444\">Rett<span class=\"_ _0\"></span>ifica pe<span class=\"_ _0\"></span>r versame<span class=\"_ _0\"></span>nto a fondo ped<span class=\"_ _0\"></span>uto pe<span class=\"_ _0\"></span>r acquisizione M<span class=\"_ _0\"></span>andati d<span class=\"_ _0\"></span>i Gestione d<span class=\"_ _0\"></span>a Banca Aletti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f4 y3657 w703 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(90.<span class=\"_ _0\"></span>000)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3658 w705 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1db ws444\">Cap<span class=\"_ _0\"></span>itale Sociale Anim<span class=\"_ _0\"></span>a Alte<span class=\"_ _0\"></span>rnative e versam<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i a fondo pe<span class=\"_ _0\"></span>rduto<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f5 y3658 w706 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(6.<span class=\"_ _0\"></span>567)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3659 w707 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Pat<span class=\"_ _0\"></span>rimonio Nett<span class=\"_ _0\"></span>o di Anim<span class=\"_ _0\"></span>a SGR alla data d<span class=\"_ _0\"></span>i acquisiz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f6 y3659 w708 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">(172.<span class=\"_ _0\"></span>084)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y365a w709 h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1d9 ws441\">Diff<span class=\"_ _0\"></span>erenz<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>oriche di consolidame<span class=\"_ _0\"></span>nto de<span class=\"_ _0\"></span>lle societ\u00e0 controllat<span class=\"_ _0\"></span>e da A<span class=\"_ _0\"></span>nima SGR<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7f7 y365a w70a h432\"><div class=\"t m2d x1fa h1a1 y3654 ff2 fs3a fc0 sc0 ls1da ws442\">9.<span class=\"_ _0\"></span>186<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1b9b ff5 fs3a fc0 sc0 ls1dc ws445\">Lus<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>burgo G<span class=\"_ _13\"></span>es<span class=\"_ _0\"></span>tioni SA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1b9c ff1 fs3a fc0 sc0 ls1dd ws446\">5.836<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y365d w70b h468\"><div class=\"t m2d x1fa h1a3 y365c ff5 fs3a fc0 sc0 ls1de ws447\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x47f h1a3 y365c ff5 fs3a fc0 sc0 ls1de ws447\">n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a M<span class=\"_ _13\"></span>anag<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>pan<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> S<span class=\"_ _13\"></span>A<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1b9f ff1 fs3a fc0 sc0 ls1dd ws446\">5.218<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3660 w70c h469\"><div class=\"t m2d x1fa h1a3 y365e ff5 fs3a fc0 sc0 ls1df ws448\">A<span class=\"_ _0\"></span>ni<span class=\"_ _1c\"></span>ma<span class=\"_ _1\"></span> A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _1\"></span> Ma<span class=\"_ _1\"></span>na<span class=\"_ _1c\"></span>gement<span class=\"_ _1c\"></span> Ltd<span class=\"_ _1c\"></span> e ex AA<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> IF<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Pat<span class=\"_ _0\"></span>rimonio Nett<span class=\"_ _0\"></span>o di Cas<span class=\"_ _0\"></span>tello SGR alla dat<span class=\"_ _0\"></span>a di acquis<span class=\"_ _0\"></span>izione e int<span class=\"_ _0\"></span>eress<span class=\"_ _0\"></span>enze<span class=\"_ _0\"></span> di t<span class=\"_ _0\"></span>erzi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f8 y3661 w70d h42f\"><div class=\"t m2d x1fa h1a1 y365f ff1 fs3a fc0 sc0 ls1dd ws446\">(1.868)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x7f9 y3660 w70e h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">2.419<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3662 w70f h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Avviament<span class=\"_ _0\"></span>o prese<span class=\"_ _0\"></span>nte ne<span class=\"_ _0\"></span>lle societ\u00e0<span class=\"_ _0\"></span> part<span class=\"_ _0\"></span>ecipat<span class=\"_ _0\"></span>e alla da<span class=\"_ _0\"></span>ta d<span class=\"_ _0\"></span>i acquisizione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fa y3662 w710 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">30.342<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1ba6 ff5 fs3a fc0 sc0 ls1de ws447\">A<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x155 h1a1 y1ba7 ff1 fs3a fc0 sc0 ls1dd ws446\">25.686<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">      <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3663 w711 h468\"><div class=\"t m2d x1fa h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">C<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x47f h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">as<span class=\"_ _0\"></span>te<span class=\"_ _13\"></span>llo S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1baa ff1 fs3a fc0 sc0 ls1dd ws446\">1.780<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bab ff5 fs3a fc0 sc0 ls1e0 ws449\">V<span class=\"_ _0\"></span>ita S<span class=\"_ _0\"></span>.r.l.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1bac ff1 fs3a fc0 sc0 ls1dd ws446\">2.876<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3664 w712 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Pat<span class=\"_ _0\"></span>rimonio Nett<span class=\"_ _0\"></span>o di Kairos SGR alla data d<span class=\"_ _0\"></span>i acquisiz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fb y3664 w713 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws44a\">(27.<span class=\"_ _0\"></span>302)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1baf ff5 fs3a fc0 sc0 ls1de ws447\">K<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bb0 ff1 fs3a fc0 sc0 ls1dd ws446\">(27.302)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3665 w714 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Ad<span class=\"_ _0\"></span>eguament<span class=\"_ _0\"></span>o per int<span class=\"_ _0\"></span>angibili rilevat<span class=\"_ _0\"></span>i in sed<span class=\"_ _0\"></span>e di P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A (al ne<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o delle im<span class=\"_ _0\"></span>post<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iffe<span class=\"_ _0\"></span>rite)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fc y3665 w708 h42f\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(460.<span class=\"_ _0\"></span>542)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bb2 ff5 fs3a fc0 sc0 ls1df ws448\">A<span class=\"_ _0\"></span>ni<span class=\"_ _1c\"></span>ma<span class=\"_ _1\"></span> SGR (<span class=\"_ _1\"></span>PPA eserci<span class=\"_ _1c\"></span>zi<span class=\"_ _1c\"></span> pr<span class=\"_ _1c\"></span>eceden<span class=\"_ _1\"></span>ti<span class=\"_ _1c\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bb3 ff1 fs3a fc0 sc0 ls1dd ws446\">(91.164)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3666 w715 h468\"><div class=\"t m2d x1fa h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m2d x47f h1a3 y365c ff5 fs3a fc0 sc0 ls1e0 ws449\">nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ti n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l bilan<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ilis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> de<span class=\"_ _13\"></span>lla co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>llata)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bb6 ff1 fs3a fc0 sc0 ls1dd ws446\">(17.745)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bb7 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (rif<span class=\"_ _0\"></span>. A<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>a SG<span class=\"_ _13\"></span>R<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> Lu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>. G<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ni)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1bb8 ff1 fs3a fc0 sc0 ls1dd ws446\">7.886<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bb9 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i ne<span class=\"_ _13\"></span>l bilanc<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ilis<span class=\"_ _13\"></span>tic<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lla c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>llata e<span class=\"_ _0\"></span> rif<span class=\"_ _0\"></span>. A<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rta S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R e<span class=\"_ _13\"></span> Lus<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> G<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x41 h1a1 y1bba ff1 fs3a fc0 sc0 ls1dd ws446\">(9.680)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">       <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bbb ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (rif<span class=\"_ _0\"></span>. G<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>tie<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R<span class=\"_ _0\"></span>) </div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x17e h1a1 y1bbc ff1 fs3a fc0 sc0 ls1dd ws446\">(267.874)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">   <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bbd ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (rif<span class=\"_ _0\"></span>. B<span class=\"_ _13\"></span>PF<span class=\"_ _0\"></span>) </div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x104 h1a1 y1bbe ff1 fs3a fc0 sc0 ls1dd ws446\">(75.272)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">     <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bbf ff5 fs3a fc0 sc0 ls1e0 ws449\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>llo<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R (<span class=\"_ _0\"></span>PP<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x41 h1a1 y1bc0 ff1 fs3a fc0 sc0 ls1dd ws446\">(8.777)<span class=\"_ _1c2\"></span><span class=\"ls1 ws443\">       <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bc1 ff5 fs3a fc0 sc0 ls1e0 ws449\">C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>llo<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>G<span class=\"_ _13\"></span>R (<span class=\"_ _0\"></span>pre<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ti n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l b<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ilis<span class=\"_ _13\"></span>tic<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lla c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>llata)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d xfd h1a1 y1bc2 ff1 fs3a fc0 sc0 ls1dd ws446\">2.479<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a3 y1bc3 ff5 fs3a fc0 sc0 ls1e1 ws44b\">Vita<span class=\"_ _1c\"></span> (PPA<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x103 h1a1 y1bc4 ff1 fs3a fc0 sc0 ls1dd ws446\">(395)<span class=\"_ _24d\"></span><span class=\"ls1 ws443\">          <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y3667 w716 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1e2 ws44c\">Re<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> valor<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r one<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span> acce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ori a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o pa<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>cond<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> a con<span class=\"_ _0\"></span>to e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>co (I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 3)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fd y3667 w717 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(22.<span class=\"_ _0\"></span>804)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3668 w718 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Altr<span class=\"_ _0\"></span>e ret<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>iche di valore pe<span class=\"_ _0\"></span>r principi int<span class=\"_ _0\"></span>ernaz<span class=\"_ _0\"></span>ionali<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x7fe y3668 w719 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(1.266)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3669 w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bc9 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>nim<span class=\"_ _13\"></span>a S<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> (ade<span class=\"_ _13\"></span>g. al f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>tit<span class=\"_ _0\"></span>o s<span class=\"_ _13\"></span>ub<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>inato<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> alla data d<span class=\"_ _0\"></span>i acq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>izio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> al ne<span class=\"_ _13\"></span>tto<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span> im<span class=\"_ _13\"></span>po<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y3669 w157 h1a0\"><div class=\"t m2d x103 h1a1 y1bca ff1 fs3a fc0 sc0 ls1dd ws446\">(609)<span class=\"_ _24d\"></span><span class=\"ls1 ws443\">          <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x7ff y366b w71a h46a\"><div class=\"t m2d x1fa h1a3 y366a ff5 fs3a fc0 sc0 ls1e0 ws449\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i P<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>ivit<span class=\"_ _0\"></span>\u00e0 pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rris<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ziali ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>ati in<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>de<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i P<span class=\"_ _0\"></span>PA<span class=\"_ _13\"></span> e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>pe<span class=\"_ _13\"></span>rta<span class=\"_ _4ac\"> </span></div></td><td class=\"c x800 y366b w71b h46a\"><div class=\"t m2d x1fa h1a3 y366a ff5 fs3a fc0 sc0 ls1e3 ws44d\">(<span class=\"_ _0\"></span>657)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y366c w71c h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Rilevazione nel conto economico co<span class=\"_ _1\"></span>nsolidat<span class=\"_ _0\"></span>o dell'aggiustam<span class=\"_ _0\"></span>ento p<span class=\"_ _0\"></span>rezz<span class=\"_ _0\"></span>o (IFRS3) acq<span class=\"_ _0\"></span>uisizioni ese<span class=\"_ _0\"></span>rcizi pre<span class=\"_ _0\"></span>cede<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x801 y366c w71d h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">53.<span class=\"_ _0\"></span>659<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y366d w71e h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Rilevazione nel conto economico co<span class=\"_ _1\"></span>nsolidat<span class=\"_ _0\"></span>o del Badwill (<span class=\"_ _0\"></span>IFRS3) acq<span class=\"_ _0\"></span>uisizione Kairos Part<span class=\"_ _0\"></span>ners<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x802 y366d w70e h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">8.661<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y366e w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bd1 ff5 fs3a fc0 sc0 ls1e0 ws449\">B<span class=\"_ _0\"></span>adw<span class=\"_ _13\"></span>ill P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span> s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span> D<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>re<span class=\"_ _0\"></span>nza P<span class=\"_ _0\"></span>N<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>re<span class=\"_ _13\"></span>zzo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y366e w157 h1a0\"><div class=\"t m2d xfd h1a1 y1bd2 ff1 fs3a fc0 sc0 ls1dd ws446\">8.661<span class=\"_ _1c8\"></span><span class=\"ls1 ws443\">        <span class=\"ws1\"> </span></span></div></td><td></td></tr><tr><td class=\"c x212 y366f w71f h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Rett<span class=\"_ _0\"></span>ifica utili/p<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>ite d<span class=\"_ _0\"></span>a cessione d<span class=\"_ _0\"></span>i part<span class=\"_ _0\"></span>ecip<span class=\"_ _0\"></span>azione intragrup<span class=\"_ _0\"></span>po ese<span class=\"_ _0\"></span>rcizi pre<span class=\"_ _0\"></span>cede<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x803 y366f w720 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">(<span class=\"_ _0\"></span>90)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3670 w721 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1e2 ws44c\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> avvia<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o Bil<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>o cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o a<span class=\"_ _0\"></span>l 31/12/2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x804 y3670 w701 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">1.167.<span class=\"_ _0\"></span>887<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y365b w157 h1a2\"><div class=\"t m2d x24 h1a1 y1bd6 ff2 fs3a fc0 sc0 ls1d9 ws441\">Riconc<span class=\"_ _1\"></span>iliazione at<span class=\"_ _0\"></span>tivit\u00e0 im<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ateriali Bilancio Consolidato al 31/1<span class=\"_ _1\"></span>2/20<span class=\"_ _1\"></span>25<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x405 y3671 w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bd8 ff5 fs3a fc0 sc0 ls1e0 ws449\">Fair v<span class=\"_ _0\"></span>alue<span class=\"_ _13\"></span> de<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> ide<span class=\"_ _13\"></span>ntif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i in s<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>de<span class=\"_ _13\"></span> di P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span> al lord<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> di am<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span>i e<span class=\"_ _0\"></span>d im<span class=\"_ _13\"></span>po<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y3671 w157 h1a0\"><div class=\"t m2d xb8 h1a1 y1bd9 ff1 fs3a fc0 sc0 ls1dd ws446\">616.310<span class=\"_ _2b4\"></span><span class=\"ls1 ws443\">             <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x405 y3672 w157 h1a0\"><div class=\"t m2d x24 h1a3 y1bdb ff5 fs3a fc0 sc0 ls1e0 ws449\">Fair v<span class=\"_ _0\"></span>alue<span class=\"_ _13\"></span> de<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li  altri in<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>ili a v<span class=\"_ _0\"></span>ita ut<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>init<span class=\"_ _0\"></span>a </div></td><td></td><td class=\"c x405 y3672 w157 h1a0\"><div class=\"t m2d xb8 h1a1 y1bdc ff1 fs3a fc0 sc0 ls1dd ws446\">139.176<span class=\"_ _2b4\"></span><span class=\"ls1 ws443\">             <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x405 y3673 w157 h1a5\"><div class=\"t m2d x24 h1a3 y1b90 ff5 fs3a fc0 sc0 ls1e0 ws449\">A<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ti in<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>ili ann<span class=\"_ _0\"></span>i 2009-2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y3673 w157 h1a5\"><div class=\"t m2d x88 h1a1 y1bde ff1 fs3a fc0 sc0 ls1dd ws446\">(411.141)<span class=\"_ _70\"></span><span class=\"ls1 ws443\">            <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y3674 w722 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Totale<span class=\"_ _0\"></span> Int<span class=\"_ _0\"></span>angibili Bilancio co<span class=\"_ _1\"></span>nsolidat<span class=\"_ _0\"></span>o al 31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/202<span class=\"_ _1\"></span>5<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x805 y3674 w723 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">344.344<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3675 w724 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Altr<span class=\"_ _0\"></span>e imm<span class=\"_ _0\"></span>obilizz<span class=\"_ _0\"></span>azioni imm<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>riali consolidate<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x806 y3675 w725 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">4.860<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w726 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1d9 ws441\">Totale<span class=\"_ _0\"></span> att<span class=\"_ _0\"></span>ivit\u00e0 imm<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>riali da Bilancio Consolidato al 31/1<span class=\"_ _1\"></span>2/20<span class=\"_ _1\"></span>25<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x807 y345e w727 h434\"><div class=\"t m2d x1fa h1a1 y365f ff2 fs3a fc0 sc0 ls1da ws442\">1.<span class=\"_ _0\"></span>517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td></tr></table>Impairmen<span class=\"_ _0\"></span>t test<span class=\"_ _4ac\"> </span><span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>L\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto, s<span class=\"_ _1\"></span>eco<span class=\"_ _1\"></span>ndo <span class=\"_ _1\"></span>quant<span class=\"_ _1\"></span>o disp<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>o dall<span class=\"_ _1\"></span>o IA<span class=\"_ _1\"></span>S 36, d<span class=\"_ _1c\"></span>eve esse<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>osto a<span class=\"_ _1c\"></span>nnualme<span class=\"_ _1\"></span>nte a<span class=\"_ _1c\"></span>d<span class=\"_ _4ac\"> </span> im<span class=\"_ _0\"></span>pai<span class=\"_ _1c\"></span>rm<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">per verificarne la recu<span class=\"_ _0\"></span>perabilit\u00e0.<span class=\"_ _4ac\"> </span></span></span><span class=\"ff1 ls1 ws1\"> </span>Vi \u00e8 una perdita di va<span class=\"_ _0\"></span>lore ogniqualvolta il valor<span class=\"_ _0\"></span>e contabile (\u201c<span class=\"ff5 ls33 ws312\">c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span> am<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>\u201d</span><span class=\"lsf ws11a\">) di un\u2019a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1c\"></span>t\u00e0 <span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span></span><span class=\"lsf ws11a\"><span class=\"ls1 ws1\"> </span></span>intes<span class=\"_ _1\"></span>a ind<span class=\"_ _1c\"></span>ividual<span class=\"_ _1c\"></span>mente<span class=\"_ _1\"></span> o com<span class=\"_ _1c\"></span>e <span class=\"ff5 ls41 ws346\">ca<span class=\"_ _d\"></span>sh gene<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>ti<span class=\"_ _1c\"></span>ng uni<span class=\"_ _d\"></span>t <span class=\"ff1 ls11 wsfb\">(\u201cCGU\u201d), ovvero il \u201ccentro di ricavo\u201d di<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls41 ws346\"><span class=\"ff1 ls11 wsfb\"> </span></span>minori dimens<span class=\"_ _0\"></span>ioni a cui \u00e8 possibile<span class=\"_ _0\"></span> imputare specifici flu<span class=\"_ _0\"></span>ssi di cassa<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"lse wsce\">\u00e8<span class=\"_ _0\"></span> maggiore<span class=\"_ _0\"></span> del valore<span class=\"_ _4ac\"> </span></span></span>recupera<span class=\"_ _0\"></span>bile della stessa (\"<span class=\"ff5 ls38 wsf5\">re<span class=\"_ _13\"></span>cov<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ra<span class=\"_ _1c\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt\u201d<span class=\"ff1 ls0 ws76\">). Il valore<span class=\"_ _0\"></span> recuperabile \u00e8 il maggio<span class=\"_ _0\"></span>re tra il fair<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls38 wsf5\"><span class=\"ff1 ls0 ws76\"><span class=\"_ _0\"></span> </span></span>value al netto de<span class=\"_ _0\"></span>i costi di vendita e il valore d\u2019uso (\u201c<span class=\"ff5 ls41 ws315\">va<span class=\"_ _1c\"></span>l<span class=\"_ _1\"></span>ue <span class=\"_ _0\"></span>i<span class=\"_ _1c\"></span>n use\")<span class=\"_ _1c\"></span><span class=\"ff1 ls1 ws1\">.<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls41 ws315\"><span class=\"ff1 ls1 ws1\"> </span></span>A tal fine,<span class=\"_ _0\"></span> l\u2019avviamento deve esse<span class=\"_ _0\"></span>re allocato a<span class=\"_ _0\"></span> singole o a gruppi di un<span class=\"_ _0\"></span>it\u00e0 generatr<span class=\"_ _0\"></span>ici di flussi<span class=\"_ _4ac\"> </span> finanziari de<span class=\"_ _0\"></span>ll\u2019acquirente in modo che tali unit\u00e0 beneficino delle s<span class=\"_ _0\"></span>inergie dell\u2019aggregazione,<span class=\"_ _4ac\"> </span> indi<span class=\"_ _1\"></span>pend<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e dal<span class=\"_ _1c\"></span> fatto c<span class=\"_ _1c\"></span>he altr<span class=\"_ _1c\"></span>e attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>o pas<span class=\"_ _1c\"></span>sivit\u00e0<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span><span class=\"ls0 ws8b\">\u2019acquisito s<span class=\"_ _0\"></span>iano assegnate a tali<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws8b\"> </span>unit\u00e0<span class=\"_ _1\"></span> o gr<span class=\"_ _1\"></span>uppi<span class=\"_ _1\"></span> di u<span class=\"_ _1\"></span>nit\u00e0<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span>Nel Bilancio consolidat<span class=\"_ _0\"></span>o di Anima Holding, le attivit\u00e0 immateriali a vita utile indefinita,<span class=\"_ _4ac\"> </span> rappresentate<span class=\"_ _0\"></span> dagli avviamenti, ammontano complessivamente a Euro 1.167,9 milioni; in<span class=\"_ _4ac\"> </span> seguito, alle varie<span class=\"_ _0\"></span> acquisizioni/fusion<span class=\"_ _0\"></span>i per incorporazione avvenute negli anni, gli avviame<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span> sono da consider<span class=\"_ _0\"></span>arsi un unico ed indistinto avviamento,<span class=\"_ _0\"></span> allocato all\u2019unica CGU<span class=\"_ _4ac\"> </span> compless<span class=\"_ _0\"></span>ivamente dedicata alla gestione del risparmio (\u201cCG<span class=\"_ _0\"></span>U Anima\u201d <span class=\"ls1 ws1\">- <span class=\"_ _18\"> </span><span class=\"ls11 wsb7\">rappr<span class=\"_ _0\"></span>esentata dalle<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls11 wsb7\"> </span></span>soci<span class=\"_ _1\"></span>et\u00e0 op<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>tive d<span class=\"_ _1c\"></span>el Grup<span class=\"_ _1\"></span>po),<span class=\"_ _1c\"></span> in qua<span class=\"_ _1\"></span>nto: <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span> <span class=\"ls0 ws81\">il management del Gruppo gestisce le societ\u00e0 alla stregu<span class=\"_ _0\"></span>a di <span class=\"_ _1\"></span>un\u2019unic<span class=\"_ _0\"></span>a CGU, in grado di<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws81\"> </span>gener<span class=\"_ _0\"></span>are flussi di reddito<span class=\"_ _0\"></span> e di cassa; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span><span class=\"lsf wsd6\">non esis<span class=\"_ _1c\"></span>te un repo<span class=\"_ _1c\"></span>rting sep<span class=\"_ _1\"></span>arat<span class=\"_ _1c\"></span>o <span class=\"_ _0\"></span>(\u201c<span class=\"ff5 ls54 ws44e\">s<span class=\"_ _1c\"></span>eg<span class=\"_ _1c\"></span>men<span class=\"_ _1\"></span>t<span class=\"_ _1c\"></span> r<span class=\"_ _1\"></span>ep<span class=\"_ _1c\"></span>or<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>ng<span class=\"_ _1c\"></span><span class=\"ff1 ls0 ws5f\">\u201d) per le attivit\u00e0 oggetto di acquisizione;<span class=\"_ _4ac\"> </span></span></span></span><span class=\"lsf wsd6\"><span class=\"ff5 ls54 ws44e\"><span class=\"ff1 ls0 ws5f\"> <span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span></span></span>\u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span><span class=\"lsf wsf1\">Anima<span class=\"_ _1\"></span> Hol<span class=\"_ _1\"></span>ding<span class=\"_ _1\"></span> non<span class=\"_ _1\"></span> deti<span class=\"_ _1c\"></span>ene al<span class=\"_ _1\"></span>cuna<span class=\"_ _1\"></span> atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span>/pa<span class=\"_ _1\"></span>ssivi<span class=\"_ _1\"></span>t\u00e0 es<span class=\"_ _1c\"></span>tranea a<span class=\"_ _1\"></span>l p<span class=\"_ _1\"></span>ropri<span class=\"_ _1\"></span>o bus<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>ss (<span class=\"_ _1\"></span>c.d.<span class=\"_ _4ac\"> </span></span><span class=\"lsf wsf1\"> </span>sur<span class=\"_ _1c\"></span>pl<span class=\"_ _1c\"></span>us a<span class=\"_ _d\"></span>sset<span class=\"ff1 ls32 ws5e\">). </span><span class=\"ff1 ls32 ws5e\"><span class=\"ls1 ws1\"> </span></span>Inoltre, a<span class=\"_ _0\"></span>ll\u2019interno della CGU Anima a cui \u00e8 all<span class=\"_ _1\"></span>ocato l\u2019<span class=\"_ _0\"></span>avviamento, sono ricomprese le attivit\u00e0<span class=\"_ _4ac\"> </span> immateriali a vita utile definit<span class=\"_ _0\"></span>a, individuate in fase di PPA o attraverso attivit\u00e0 acquisite, per un<span class=\"_ _4ac\"> </span> impo<span class=\"_ _1\"></span>rto tota<span class=\"_ _1\"></span>le resi<span class=\"_ _1\"></span>duo (<span class=\"_ _1\"></span>al net<span class=\"_ _1\"></span>to degli<span class=\"_ _1\"></span> ammo<span class=\"_ _1\"></span>rtamen<span class=\"_ _1\"></span>ti e dell<span class=\"_ _1c\"></span><span class=\"ls1c ws102\">e <span class=\"_ _0\"></span>impos<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>e d<span class=\"_ _1\"></span>ifferit<span class=\"_ _1\"></span>e eventual<span class=\"_ _1c\"></span>mente<span class=\"_ _4ac\"> </span></span><span class=\"ls1c ws102\"><span class=\"_ _1\"></span> </span>iscritte) di c<span class=\"_ _0\"></span>irca Euro 282 milioni. <span class=\"ls1 ws1\"> </span>Il princ<span class=\"_ _0\"></span>ipio contabile internaz<span class=\"_ _0\"></span>ionale IAS 36 prevede<span class=\"_ _0\"></span> che su tali att<span class=\"_ _0\"></span>ivit\u00e0 immateriali a vit<span class=\"_ _0\"></span>a utile<span class=\"_ _4ac\"> </span> definita venga effettuato una verifica de<span class=\"_ _0\"></span>l<span class=\"ls0 ws99\">l\u2019esistenza di in<span class=\"_ _0\"></span>dicatori di perdite di valor<span class=\"_ _0\"></span>e (\u201c<span class=\"ff5 ls38 ws77\">trigge<span class=\"_ _0\"></span>r<span class=\"_ _4ac\"> </span></span></span><span class=\"ls0 ws99\"><span class=\"ff5 ls38 ws77\"> </span></span>e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"ff1 ls11 ws5\">\u201d).<span class=\"_ _4ac\"> </span></span><span class=\"ff1 ls11 ws5\"><span class=\"ls1 ws1\"> </span></span>Si conferma che le valutazion<span class=\"_ _0\"></span>i effettuate dal Gruppo Anima su tali attivit\u00e0 immateriali a vita utile<span class=\"_ _4ac\"> </span> definit<span class=\"_ _0\"></span>a non hanno rilevato la presenza<span class=\"_ _0\"></span> di indicatori di perdita di va<span class=\"_ _0\"></span>lore e quindi non \u00e8 stato<span class=\"_ _4ac\"> </span> effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>to un <span class=\"ff5 ls38 ws113\">i<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t te<span class=\"_ _13\"></span>st<span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws0\">specifico sulle singole att<span class=\"_ _0\"></span>ivit\u00e0 immateriali a vita ut<span class=\"_ _0\"></span>ile definita. </span></span></span><span class=\"ff5 ls38 ws113\"><span class=\"ff1 ls1 ws1\"> </span></span>Tutta<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>, in c<span class=\"_ _1\"></span>onti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1c\"></span> con le <span class=\"_ _1c\"></span>scelte <span class=\"_ _1\"></span>effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>te in<span class=\"_ _1\"></span> pass<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po Ani<span class=\"_ _1c\"></span>ma ha r<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>nuto<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> oppor<span class=\"_ _1\"></span>tuno so<span class=\"_ _1c\"></span>ttoporre<span class=\"_ _1\"></span> ad <span class=\"ff5 ls11 ws112\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls0 wsd5\">, oltre che all\u2019avv<span class=\"_ _0\"></span>iamento, anche le altre attivit\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls0 wsd5\"> </span>immateriali a v<span class=\"_ _0\"></span>ita utile de<span class=\"_ _0\"></span>finita present<span class=\"_ _0\"></span>i nel presente Bilanc<span class=\"_ _0\"></span>io consolidato. Per<span class=\"_ _0\"></span>tanto,<span class=\"_ _4ac\"> </span> l\u2019<span class=\"ff5 ls11\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _11\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span> te<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"lsf ws1f\">ha l\u2019<span class=\"_ _1\"></span>obi<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>o di va<span class=\"_ _1\"></span>luta<span class=\"_ _1c\"></span>re la t<span class=\"_ _1\"></span>enuta<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> <span class=\"ff5 ls38 ws113\">ca<span class=\"_ _1\"></span>rry<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">della C<span class=\"_ _0\"></span>GU Anima.<span class=\"_ _4ac\"> </span></span></span></span></span></span><span class=\"ls1 ws1\"><span class=\"lsf ws1f\"><span class=\"ff5 ls38 ws113\"><span class=\"ff1 ls1 ws1\"> </span></span></span></span>Nella con<span class=\"_ _0\"></span>duzione de<span class=\"_ _0\"></span>l <span class=\"ff5 ls11 ws140\">te<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i im<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </span><span class=\"ls35 ws8e\">al 31<span class=\"_ _0\"></span> dicembre 20<span class=\"_ _0\"></span>25, si \u00e8 te<span class=\"_ _0\"></span>nuto cont<span class=\"_ _0\"></span>o anche di qu<span class=\"_ _0\"></span>anto<span class=\"_ _4ac\"> </span></span><span class=\"ls35 ws8e\"> </span>segu<span class=\"_ _0\"></span>e:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws29\">Il <span class=\"_ _20\"> </span><span class=\"ff5 ls11 wsfb\">P<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span></span><span class=\"ff1\"> <span class=\"_ _20\"> </span><span class=\"ls1c ws9a\">del 14 o<span class=\"_ _1\"></span>ttobr<span class=\"_ _1\"></span>e 2025 d<span class=\"_ _1c\"></span>ell\u2019ESMA <span class=\"ff5 ls41 ws346\">\u201c<span class=\"_ _d\"></span>Eur<span class=\"_ _1c\"></span>o<span class=\"_ _0\"></span>pea<span class=\"_ _d\"></span>n<span class=\"_ _0\"></span> co<span class=\"_ _1\"></span>mm<span class=\"_ _0\"></span>on enfor<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _4ac\"> </span></span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"ls1c ws9a\"><span class=\"ff5 ls41 ws346\"><span class=\"_ _1c\"></span> </span></span></span></span>p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>ra<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> re<span class=\"_ _13\"></span>po<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>\u201d <span class=\"ff1 ls0 wsfa\">ribadisce alcune r<span class=\"_ _0\"></span>accomandazioni che <span class=\"_ _0\"></span>gli<span class=\"_ _4ac\"> </span></span><span class=\"ff1 ls0 wsfa\"> </span>emittent<span class=\"_ _0\"></span>i dovrebbero seguire ne<span class=\"_ _0\"></span>lla predisposizione de<span class=\"_ _0\"></span>i bilanci rifer<span class=\"_ _0\"></span>iti all\u2019eserc<span class=\"_ _0\"></span>izio 2025;<span class=\"_ _4ac\"> </span> in particolare  richiama l\u2019att<span class=\"_ _0\"></span>enzione (i) sull\u2019importanza che le proiezioni dei flussi di cassa<span class=\"_ _4ac\"> </span> siano r<span class=\"_ _0\"></span>ealistiche<span class=\"_ _0\"></span> e aggiorn<span class=\"_ _0\"></span><span class=\"ws8c\">ate sulla base de<span class=\"_ _0\"></span>ll'evoluzione del co<span class=\"_ _0\"></span>ntesto geopolitico,<span class=\"_ _0\"></span> anche<span class=\"_ _4ac\"> </span></span>nell'am<span class=\"_ _0\"></span>bito delle determinazioni del va<span class=\"_ _0\"></span>lore d'uso delle CGU oggetto di im<span class=\"lsf ws6b\">pairm<span class=\"_ _1\"></span>ent tes<span class=\"_ _1\"></span>t </span>e (ii) sulle<span class=\"_ _0\"></span> priorit\u00e0 inc<span class=\"_ _0\"></span>luse nei report emessi nel cor<span class=\"_ _0\"></span>so degli anni preceden<span class=\"_ _0\"></span>ti,  in particolare in amb<span class=\"_ _1\"></span>ito<span class=\"_ _1\"></span> ESG c<span class=\"_ _1c\"></span>he conti<span class=\"_ _1c\"></span>nuano a<span class=\"_ _1\"></span> ess<span class=\"_ _1\"></span>ere ri<span class=\"_ _1\"></span>leva<span class=\"_ _1c\"></span>nti.<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws104\">il D<span class=\"_ _1\"></span>iscussi<span class=\"_ _1c\"></span>on pap<span class=\"_ _1\"></span>er n. 1/<span class=\"_ _1c\"></span>2022 \u201cImp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment <span class=\"_ _1\"></span>test <span class=\"_ _1\"></span>dei no<span class=\"_ _1\"></span>n fi<span class=\"_ _1\"></span>nanci<span class=\"_ _1\"></span>al<span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls11 ws6c\">as<span class=\"_ _0\"></span>sets (IAS 36) a seguito </span></span></span></span>della guerr<span class=\"_ _0\"></span>a in Ucraina\u201d pubblicat<span class=\"_ _0\"></span>o il 29 giugno 2022 dall\u2019<span class=\"_ _0\"></span>Organismo It<span class=\"_ _0\"></span>aliano di Valu<span class=\"_ _1\"></span>tazion<span class=\"_ _1\"></span>e (\u201cOIV\u201d<span class=\"_ _1\"></span>), c<span class=\"_ _1\"></span>he rip<span class=\"_ _1\"></span>rende i<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>enuti<span class=\"_ _1\"></span> Publi<span class=\"_ _1\"></span>c State<span class=\"_ _1\"></span>ment d<span class=\"_ _1c\"></span>el 13 magg<span class=\"_ _1\"></span>io 2<span class=\"_ _1\"></span>022 dell\u2019ESM<span class=\"_ _0\"></span>A (oggetto del Richiamo di attenzione di Consob del 19 mag<span class=\"ls1c ws26\">gio <span class=\"_ _1\"></span>2022)<span class=\"_ _1\"></span> e fo<span class=\"_ _1\"></span>rnisce<span class=\"_ _4ac\"> </span></span>indicazioni opera<span class=\"_ _0\"></span>tive per trattare l\u2019incertezza dell\u2019attu<span class=\"_ _0\"></span>ale contesto nell\u2019ambito dell\u2019ev<span class=\"_ _1c\"></span>entuale es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1\"></span>o dell\u2019imp<span class=\"_ _1\"></span>airm<span class=\"_ _1\"></span>ent test<span class=\"_ _1\"></span><span class=\"ls1 ws1\">; </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws104\">il d<span class=\"_ _1\"></span>ocum<span class=\"_ _1\"></span>ento \u201c<span class=\"_ _1\"></span>Rec<span class=\"_ _1\"></span>ommend<span class=\"_ _1c\"></span>ations<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> <span class=\"ls30 ws6d\">on A<span class=\"_ _1\"></span>ccou<span class=\"_ _1\"></span>nting<span class=\"_ _1\"></span> for G<span class=\"_ _1\"></span>oodwi<span class=\"_ _1\"></span>ll\u201d e<span class=\"_ _1\"></span>messo<span class=\"_ _1\"></span> da<span class=\"_ _1\"></span>ll\u2019Inte<span class=\"_ _1c\"></span>rnationa<span class=\"_ _1\"></span>l </span></span></span></span>Orga<span class=\"_ _1\"></span>nizati<span class=\"_ _1c\"></span>on of Sec<span class=\"_ _1c\"></span>urities C<span class=\"_ _1c\"></span>ommissi<span class=\"_ _1\"></span>ons (\u201c<span class=\"_ _1\"></span>IOS<span class=\"_ _1\"></span>CO\u201d <span class=\"ls1 ws1\">- <span class=\"_ _86\"></span><span class=\"lsf ws90\">organi<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne inte<span class=\"_ _1\"></span>rnaz<span class=\"_ _1\"></span>ional<span class=\"_ _1\"></span>e che<span class=\"_ _1\"></span> </span></span>riunisce le<span class=\"_ _0\"></span> Autorit\u00e0 di Vigilan<span class=\"_ _0\"></span>za sui mercati fin<span class=\"_ _0\"></span>anziari) del dicem<span class=\"_ _0\"></span>bre 2023, richiamato anche<span class=\"_ _0\"></span> da Conso<span class=\"_ _0\"></span>b, contenente<span class=\"_ _0\"></span> r<span class=\"ls0 ws76\">accomandazioni su<span class=\"_ _0\"></span>lla contabilizzazione de<span class=\"_ _0\"></span>ll\u2019avviamento </span>destinate agli emittent<span class=\"_ _0\"></span>i, agli audit committee (ai responsabili delle attivit\u00e0 di govern<span class=\"_ _0\"></span>ance dell\u2019impre<span class=\"_ _0\"></span>sa) e ai revisori legali. Le raccom<span class=\"_ _0\"></span>andazioni intendono contribuire a migliorare l\u2019affidabilit\u00e0,<span class=\"_ _0\"></span> la<span class=\"ls1 ws1\">  </span>fed<span class=\"_ _1\"></span>ele<span class=\"_ _0\"></span> rappresentazione e la trasparenza dell\u2019<span class=\"_ _0\"></span>informativa finanz<span class=\"_ _0\"></span>iaria sull\u2019av<span class=\"_ _0\"></span>viamento cos\u00ec come contabilizzato e ra<span class=\"_ _0\"></span>ppresentato nei bilanci.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Ai fini del tes<span class=\"_ _0\"></span>t di impairment, gi\u00e0 ogget<span class=\"_ _0\"></span>to di analisi da parte del Comit<span class=\"_ _0\"></span>ato Controlli, Risch<span class=\"_ _0\"></span>i e Sostenibilit\u00e0 e<span class=\"_ _0\"></span> di successiva approv<span class=\"_ _0\"></span>azione da parte del Consiglio di Ammin<span class=\"_ _0\"></span>istrazione di Anima Holding in dat<span class=\"_ _0\"></span>a 4 febbraio 2026, il Gruppo Anima ha utilizzato<span class=\"_ _0\"></span> il<span class=\"ls1 ws1\"> <span class=\"lse ws16\">metodo del valore d\u2019u<span class=\"_ _0\"></span>so per la </span></span>verific<span class=\"_ _0\"></span>a della recuperabilit\u00e0 dell\u2019<span class=\"_ _0\"></span>avviamento e delle<span class=\"_ _0\"></span> altre attivit\u00e0 imm<span class=\"_ _0\"></span>ateriali a vita utile de<span class=\"_ _0\"></span>finita, ten<span class=\"_ _1\"></span>endo <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>to anc<span class=\"_ _1c\"></span>he di<span class=\"_ _1\"></span> quant<span class=\"_ _1c\"></span>o sopra<span class=\"_ _1\"></span> rip<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>ato i<span class=\"_ _1\"></span>n me<span class=\"_ _1\"></span>rito<span class=\"_ _1\"></span> all<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ccoma<span class=\"_ _1c\"></span>ndazi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>ell\u2019E<span class=\"_ _1\"></span>SMA<span class=\"_ _1\"></span> e dell\u2019OI<span class=\"_ _1c\"></span>V.<span class=\"ls1 ws1\"> </span>Al fine dello svolgimento dell\u2019<span class=\"ff5 ls11 ws5\">im<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ff5 ls38 ws77\">te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t <span class=\"_ _13\"></span></span></span>come disciplinato dallo IAS 36, il Gruppo Anima ha utilizzato<span class=\"_ _0\"></span> il metodo del valore d\u2019uso e<span class=\"_ _0\"></span> le assunzioni aggiorna<span class=\"_ _0\"></span>te che riflettono gli svilu<span class=\"_ _0\"></span>ppi pi\u00f9 recent<span class=\"_ _0\"></span>i e le ultime informazioni disponibili.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>Metod<span class=\"_ _1c\"></span>o: Valore<span class=\"_ _1\"></span> d\u2019us<span class=\"_ _1\"></span>o (<span class=\"ff5 ls41 ws315\">Va<span class=\"_ _d\"></span>l<span class=\"_ _1c\"></span>ue<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _d\"></span>n use<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\">) </span></span>Il valore d\u2019u<span class=\"_ _0\"></span>so \u00e8 determinato attraver<span class=\"_ _0\"></span>so la stima del valore attu<span class=\"_ _0\"></span>ale dei flussi fin<span class=\"_ _0\"></span>anziari futuri che si prevede possano essere generati dalla CGU Anima. Il valore di un\u2019attivit\u00e0 \u00e8 calcolato attraver<span class=\"_ _0\"></span>so l\u2019attualizzazione dei flussi finanziari comprensivi de<span class=\"_ _0\"></span><span class=\"ls31 ws9d\">l valor<span class=\"_ _0\"></span>e termin<span class=\"_ _0\"></span>ale cal<span class=\"_ _0\"></span>colato<span class=\"_ _0\"></span> come </span>una <span class=\"_ _1\"></span>rendi<span class=\"_ _1\"></span>ta p<span class=\"_ _1\"></span>erpe<span class=\"_ _1c\"></span>tua st<span class=\"_ _1\"></span>imata<span class=\"_ _1\"></span> in b<span class=\"_ _1\"></span>ase a<span class=\"_ _1\"></span>d u<span class=\"_ _1\"></span>n fl<span class=\"_ _1\"></span>usso <span class=\"_ _1\"></span>norma<span class=\"_ _1\"></span>lizz<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span> eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte s<span class=\"_ _1c\"></span>ostenib<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>e coer<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> con i<span class=\"_ _1\"></span>l tas<span class=\"_ _1\"></span>so sti<span class=\"_ _1c\"></span>mato di<span class=\"_ _1\"></span> cres<span class=\"_ _1\"></span>cita<span class=\"_ _1\"></span> di lu<span class=\"_ _1c\"></span>ngo te<span class=\"_ _1\"></span>rmine<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Con l\u2019attualiz<span class=\"_ _0\"></span>zazione dei flussi di cassa s<span class=\"_ _0\"></span>i determina l\u2019<span class=\"ff5 ls38 wsae\">En<span class=\"_ _0\"></span>te<span class=\"_ _13\"></span>rpri<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> V<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>lue<span class=\"_ _13\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">della CGU.</span> </span></span>Il metodo di valutazione utiliz<span class=\"_ _0\"></span>zato ai fini della stima del Value in Use \u00e8 <span class=\"_ _1\"></span>il <span class=\"ff5 ls11 ws58\">D<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>s<span class=\"_ _13\"></span>h<span class=\"_ _0\"></span> F<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span> </span>(\u201cDCF\u201d) r<span class=\"_ _0\"></span>iferito ai flussi di reddito della CGU Anima.<span class=\"ls1 ws1\"> </span>I flussi di cas<span class=\"_ _0\"></span>sa<span class=\"ls1 ws1\"> </span>A norma dello<span class=\"_ _0\"></span> IAS 36, le pro<span class=\"_ _0\"></span>iezioni dei flussi fin<span class=\"_ _0\"></span>anziari attesi devono<span class=\"_ _0\"></span> basarsi sul pi\u00f9 recente budget/<span class=\"_ _0\"></span>piano industr<span class=\"_ _0\"></span>iale appro<span class=\"_ _0\"></span>vato dal Gru<span class=\"_ _0\"></span>ppo Anima, nonch\u00e9<span class=\"_ _0\"></span> su presuppo<span class=\"_ _0\"></span>sti ragion<span class=\"_ _0\"></span>evoli e dimostr<span class=\"_ _0\"></span>abili in grado di rappresentare la m<span class=\"_ _0\"></span>igliore stima<span class=\"_ _0\"></span> delle condizio<span class=\"ls35 ws107\">ni e<span class=\"_ _0\"></span>conomich<span class=\"_ _0\"></span>e futur<span class=\"_ _0\"></span>e, </span>attes<span class=\"_ _1c\"></span>e lung<span class=\"_ _1\"></span>o la <span class=\"_ _1\"></span>resta<span class=\"_ _1\"></span>nte v<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span> util<span class=\"_ _1c\"></span>e delle<span class=\"_ _1\"></span> attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0. Pe<span class=\"_ _1\"></span>r la<span class=\"_ _1\"></span> dete<span class=\"_ _1\"></span>rmina<span class=\"_ _1\"></span>zion<span class=\"_ _1c\"></span>e del <span class=\"ff5 ls51 ws44f\">Va<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> i<span class=\"_ _1c\"></span>n us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"ff1 ls1d wsda\">al 31 </span></span>dicembre 2025,<span class=\"_ _0\"></span> le stime prospettiche de<span class=\"_ _0\"></span>i flussi di cassa generat<span class=\"_ _0\"></span>i dalla CGU Anima sono<span class=\"_ _0\"></span> state sviluppate a part<span class=\"_ _0\"></span>ire dalle proiezioni econom<span class=\"ls3d wsc4\">ico<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"ls1d wsc0\">fin<span class=\"_ _0\"></span>anziar<span class=\"_ _0\"></span>ie 2026</span>-<span class=\"_ _0\"></span><span class=\"ls30 ws84\">202<span class=\"_ _1\"></span>8 (\u201c<span class=\"_ _1\"></span>Proiezi<span class=\"_ _1c\"></span>oni\u201d o \u201c<span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio </span></span></span>Base\u201d), approv<span class=\"_ _0\"></span>ate dal Consiglio di Amministraz<span class=\"_ _0\"></span>ione della Societ\u00e0 in data 26 settembre 2025.<span class=\"_ _0\"></span> Tali valori sono<span class=\"_ _0\"></span> stati opportunamente esaminati su<span class=\"_ _0\"></span>lla base di presuppo<span class=\"_ _0\"></span>sti ragionevoli e dimostr<span class=\"_ _0\"></span>abili, al fine di<span class=\"ls1 ws1\"> <span class=\"ls30 ws84\">riflette<span class=\"_ _1\"></span>re i ris<span class=\"_ _1c\"></span>ultati <span class=\"_ _1\"></span>nel fra<span class=\"_ _1c\"></span>ttempo <span class=\"_ _1\"></span>consu<span class=\"_ _1\"></span>ntiva<span class=\"_ _1\"></span>ti e s<span class=\"_ _1\"></span>volg<span class=\"_ _1\"></span>endo l<span class=\"_ _1\"></span>e opp<span class=\"_ _1\"></span>ortu<span class=\"_ _1\"></span>ne </span></span>anal<span class=\"_ _1\"></span>isi d<span class=\"_ _1\"></span>i sens<span class=\"_ _1\"></span>itiv<span class=\"_ _1\"></span>it\u00e0 v<span class=\"_ _1\"></span>olte<span class=\"_ _1\"></span> ad ap<span class=\"_ _1\"></span>prez<span class=\"_ _1\"></span>zare <span class=\"_ _1c\"></span>eventua<span class=\"_ _1\"></span>li i<span class=\"_ _1\"></span>mpatti<span class=\"_ _1c\"></span>, sulle a<span class=\"_ _1c\"></span>ssunzi<span class=\"_ _1\"></span>oni so<span class=\"_ _1c\"></span>ttosta<span class=\"_ _1\"></span>nti le<span class=\"_ _1\"></span> stim<span class=\"_ _1c\"></span>e effettuate,<span class=\"_ _0\"></span> derivanti dall\u2019incerte<span class=\"_ _0\"></span>zza e la volatilit\u00e0 che caratterizza l\u2019attu<span class=\"_ _0\"></span>ale<span class=\"ls1 ws1\"> <span class=\"_ _2b7\"> </span><span class=\"ls31 ws5c\">contes<span class=\"_ _0\"></span>to </span></span>macro<span class=\"_ _1\"></span>eco<span class=\"_ _1\"></span>nomic<span class=\"_ _1\"></span>o e di <span class=\"_ _1\"></span>settor<span class=\"_ _1\"></span>e, svi<span class=\"_ _1\"></span>luppa<span class=\"_ _1\"></span>ndo o<span class=\"_ _1\"></span>pport<span class=\"_ _1\"></span>uni sc<span class=\"_ _1\"></span>enari <span class=\"_ _1\"></span>peggi<span class=\"_ _1c\"></span>orativi<span class=\"_ _1\"></span> che in<span class=\"_ _1\"></span>corpo<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>o anche specifiche<span class=\"_ _0\"></span> considerazioni legate al <span class=\"ff5 ls11 ws19\">c<span class=\"_ _0\"></span>lim<span class=\"_ _13\"></span>ate<span class=\"_ _11\"></span> c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> ris<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span>Tasso di attualizza<span class=\"_ _0\"></span>zione<span class=\"ls1 ws1\"> </span>Nel determinare il <span class=\"ff5 ls51 ws66\">V<span class=\"_ _0\"></span>a<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>ue<span class=\"_ _13\"></span> i<span class=\"_ _1\"></span>n us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span><span class=\"ff1 ls0 wsb9\">, i flussi finanziari devono essere attualizzat<span class=\"_ _0\"></span>i ad un tasso che </span></span>incorpori s<span class=\"_ _0\"></span>ia il valore temporale del denaro<span class=\"_ _0\"></span> che i rischi propri dell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 svolta. <span class=\"ls1 ws1\"> </span>Il tass<span class=\"_ _1c\"></span>o di attual<span class=\"_ _1\"></span>izzaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e \u00e8 sta<span class=\"_ _1\"></span>to det<span class=\"_ _1\"></span>ermina<span class=\"_ _1c\"></span>to in base<span class=\"_ _1\"></span> alla m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>a del c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>medio pond<span class=\"_ _1\"></span>erato d<span class=\"_ _1c\"></span>el capita<span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>(<span class=\"ff5 ls40 ws12e\">W<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>i<span class=\"_ _1c\"></span>ghte<span class=\"_ _13\"></span>d A<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>ge<span class=\"_ _0\"></span> Cos<span class=\"_ _0\"></span>t of Capi<span class=\"_ _d\"></span>tal<span class=\"_ _1c\"></span> <span class=\"ff1 ls1 ws1\">- <span class=\"_ _15\"> </span><span class=\"ls11 ws12b\">\u201cWACC\u201d). Il WACC consente di </span></span></span>individuare il t<span class=\"_ _0\"></span>asso rappresentativo<span class=\"_ _0\"></span> del costo medio ponderato del capit<span class=\"_ _0\"></span>ale ed esprime<span class=\"_ _0\"></span> la remunerazione<span class=\"_ _0\"></span> richiesta dagli invest<span class=\"_ _0\"></span>itori per un\u2019opera<span class=\"_ _0\"></span>zione di acquisto<span class=\"_ _0\"></span>, a normali condizion<span class=\"_ _0\"></span>i di merca<span class=\"_ _1\"></span>to, di u<span class=\"_ _1\"></span>n\u2019attiv<span class=\"_ _1\"></span>it\u00e0 si<span class=\"_ _1\"></span>mile ri<span class=\"_ _1\"></span>spett<span class=\"_ _1\"></span><span class=\"ls11 ws29\">o a quella oggetto di valutazione.<span class=\"ls1 ws1\"> </span></span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, i<span class=\"_ _1\"></span>l WAC<span class=\"_ _1\"></span>C <span class=\"ls1 ws1\">\u00e8 <span class=\"lsf ws1f\">sta<span class=\"_ _1c\"></span>to calc<span class=\"_ _1c\"></span>olato ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cand<span class=\"_ _1\"></span>o la s<span class=\"_ _1\"></span>egue<span class=\"_ _1\"></span>nte f<span class=\"_ _1\"></span>orm<span class=\"_ _1\"></span>ula: <span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></span>WACC=Ke * (E/(D+E)) + Kd * (D/(D+E)) * (1<span class=\"ls1 ws1\">-</span><span class=\"ws5\">t) <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Dove:<span class=\"ls1 ws1\"> </span>Kd= <span class=\"ff1 lse ws16\">costo del<span class=\"_ _0\"></span> debito<span class=\"ls1 ws1\"> </span></span>(E/(D+E) e (D/(D+E)<span class=\"ff1\">: rappresenta la struttura finanziaria in termini di combinazione di capitale <span class=\"ls1 ws1\"> </span></span>(E: Equity) e debito (D: Debt). <span class=\"ls1 ws1\"> </span>Tenu<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>ella<span class=\"_ _1\"></span> spec<span class=\"_ _1\"></span>ifica<span class=\"_ _1\"></span> stru<span class=\"_ _1\"></span>ttura<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1c\"></span>ria del G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1c\"></span>ma, cont<span class=\"_ _1\"></span>radd<span class=\"_ _1\"></span>isti<span class=\"_ _1\"></span>nta d<span class=\"_ _1\"></span>a una<span class=\"_ _1c\"></span> posi<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> finanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>tta ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rese<span class=\"_ _1\"></span>ntata<span class=\"_ _1\"></span> da ca<span class=\"_ _1c\"></span>ssa, il<span class=\"_ _1\"></span> WAC<span class=\"_ _1\"></span>C de<span class=\"_ _1c\"></span>termina<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span>l ma<span class=\"_ _1c\"></span>nageme<span class=\"_ _1\"></span>nt d<span class=\"_ _1\"></span>ella<span class=\"_ _1c\"></span> Socie<span class=\"_ _1c\"></span>t\u00e0 risul<span class=\"_ _1\"></span>ta pari<span class=\"_ _1\"></span> al c<span class=\"_ _1\"></span>osto d<span class=\"_ _1\"></span>el capi<span class=\"_ _1\"></span>tale p<span class=\"_ _1c\"></span>roprio (<span class=\"_ _1\"></span>Ke), <span class=\"_ _1\"></span>metod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>a ut<span class=\"ls0 ws76\">ilizzata dal Gruppo Anima </span>nei pre<span class=\"_ _1\"></span>cedenti<span class=\"_ _1\"></span> esercizi<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>Perta<span class=\"_ _0\"></span>nto: <span class=\"ls1 ws1\"> </span>Ke<span class=\"ff1 ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ff16 ls1e4 ws450\">=<span class=\"_ _13\"></span> <span class=\"_ _1c\"></span>R<span class=\"_ _0\"></span>f<span class=\"_ _13\"></span> <span class=\"_ _d\"></span>+<span class=\"_ _13\"></span> <span class=\"_ _1c\"></span>\u03b2<span class=\"_ _13\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls0 ws5f\">* ERP rappresent<span class=\"_ _0\"></span>a il costo del capitale,<span class=\"_ _0\"></span> calcolato secondo il mo<span class=\"_ _0\"></span>dello del Capital Asset </span></span></span></span>Pricing Model (\u201cCAPM\u201d), in base al quale il rendimento di un\u2019att<span class=\"_ _0\"></span>ivit\u00e0 rischiosa \u00e8 pari alla somma tra u<span class=\"_ _1\"></span>n tass<span class=\"_ _1\"></span>o priv<span class=\"_ _1c\"></span>o di rischi<span class=\"_ _1c\"></span>o (Rf) ed<span class=\"_ _1\"></span> un ad<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ato pre<span class=\"_ _1\"></span>mio p<span class=\"_ _1\"></span>er il ri<span class=\"_ _1\"></span>schi<span class=\"_ _1c\"></span>o, determi<span class=\"_ _1c\"></span>nato in b<span class=\"_ _1\"></span>ase all\u2019indicato<span class=\"_ _0\"></span>re <span class=\"ff16 ls1 ws1\">\u03b2</span><span class=\"lsf ws17\">. In pa<span class=\"_ _1\"></span>rtic<span class=\"_ _1\"></span>olar<span class=\"_ _1\"></span>e:<span class=\"ls1 ws1\"> </span></span>Rf<span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws76\">= tasso di rendimento delle attivit\u00e0 prive di rischio determinato come media degli ultimi 12 </span></span>mesi d<span class=\"_ _1\"></span>el rendi<span class=\"_ _1c\"></span>mento lor<span class=\"_ _1\"></span>do men<span class=\"_ _1\"></span>sile del<span class=\"_ _1\"></span> BTP I<span class=\"_ _1\"></span>tali<span class=\"_ _1\"></span>a decen<span class=\"_ _1\"></span>nale (<span class=\"_ _1\"></span>Banca d<span class=\"_ _1\"></span>\u2019Ital<span class=\"_ _1\"></span>ia, di<span class=\"_ _1\"></span>cembre <span class=\"_ _1\"></span>2025) p<span class=\"_ _1\"></span>ari al 3,5<span class=\"_ _0\"></span>7% (3,7<span class=\"_ _0\"></span>1% al<span class=\"_ _0\"></span> 31 dicem<span class=\"_ _0\"></span>bre 202<span class=\"_ _0\"></span>4); <span class=\"ls1 ws1\"> </span>ERP<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls30 ws84\">= extra<span class=\"_ _1\"></span> rendi<span class=\"_ _1\"></span>mento med<span class=\"_ _1\"></span>io d<span class=\"_ _1\"></span>el merca<span class=\"_ _1c\"></span>to (<span class=\"ff5 ls11 ws141\">E<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>iu<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span></span><span class=\"lsf ws6e\">), dete<span class=\"_ _1c\"></span>rminato<span class=\"_ _1c\"></span> sulla b<span class=\"_ _1\"></span>ase<span class=\"_ _1\"></span> del<span class=\"_ _1c\"></span> </span></span></span>differenz<span class=\"_ _0\"></span>iale di rendimento di lun<span class=\"_ _0\"></span>go periodo tra i titoli azion<span class=\"_ _0\"></span>ari e obbligazionar<span class=\"_ _0\"></span>i. Nell\u2019esercizio 2025 <span class=\"_ _1\"></span>\u00e8 stat<span class=\"_ _1\"></span>o fatto ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>iment<span class=\"_ _1\"></span>o alle s<span class=\"_ _1\"></span>time f<span class=\"_ _1\"></span>orni<span class=\"_ _1\"></span>te da A. D<span class=\"_ _1\"></span>amoda<span class=\"_ _1c\"></span>ran, ed i<span class=\"_ _1\"></span>n partic<span class=\"_ _1c\"></span>olare \u00e8 sta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> considerato<span class=\"_ _0\"></span> il valore medio<span class=\"_ _0\"></span> tra i<span class=\"ls30 wsaa\">l para<span class=\"_ _1\"></span>metr<span class=\"_ _1\"></span>o massi<span class=\"_ _1\"></span>mo e mi<span class=\"_ _1\"></span>nimo s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>ti per i<span class=\"_ _1\"></span>l peri<span class=\"_ _1c\"></span>odo 201<span class=\"_ _1\"></span>5<span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span></span>2025<span class=\"_ _1\"></span>. L\u2019ER<span class=\"_ _1\"></span>P s<span class=\"_ _1c\"></span>timato d<span class=\"_ _1\"></span>a D<span class=\"_ _1\"></span>amod<span class=\"_ _1\"></span>aran <span class=\"_ _1\"></span>ha m<span class=\"_ _1\"></span>ostr<span class=\"_ _1\"></span>ato u<span class=\"_ _1\"></span>n and<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>ecr<span class=\"_ _1\"></span>escen<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span>l 6,<span class=\"_ _1\"></span>12% d<span class=\"_ _1\"></span>i dice<span class=\"_ _0\"></span>mbre 20<span class=\"_ _0\"></span>15 al 4,23%<span class=\"_ _0\"></span> di fine<span class=\"_ _0\"></span> 2025. Per<span class=\"_ _0\"></span>tanto<span class=\"_ _0\"></span>, line<span class=\"_ _0\"></span>a co<span class=\"ls32 wse1\">n<span class=\"_ _0\"></span> le r<span class=\"_ _0\"></span>acc<span class=\"_ _0\"></span>oman<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i fo<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span> da E<span class=\"_ _0\"></span>SMA<span class=\"_ _0\"></span> </span>dove si r<span class=\"_ _0\"></span>ibadisce agli emittent<span class=\"_ _0\"></span>i di tenere in<span class=\"_ _0\"></span> considerazione il risch<span class=\"_ _0\"></span>io legato alla m<span class=\"_ _0\"></span>aggiore ince<span class=\"_ _1\"></span>rtezz<span class=\"_ _1\"></span>a s<span class=\"_ _1\"></span>ui me<span class=\"_ _1\"></span>rcati<span class=\"_ _1\"></span>, il<span class=\"_ _1\"></span> Grupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma ha<span class=\"_ _1c\"></span> fatto ri<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>o ad un E<span class=\"_ _1\"></span>RP p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span>l 5,2<span class=\"_ _1\"></span>0%. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Si seg<span class=\"_ _1\"></span>nala ch<span class=\"_ _1\"></span>e nell\u2019<span class=\"_ _1\"></span>eserci<span class=\"_ _1\"></span>zio pr<span class=\"_ _1\"></span>ecede<span class=\"_ _1\"></span>nte era sta<span class=\"_ _1\"></span>to inve<span class=\"_ _1\"></span>ce cons<span class=\"_ _1\"></span>iderat<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>arame<span class=\"_ _1\"></span>tro ERP p<span class=\"_ _1\"></span>ari al<span class=\"_ _1\"></span> 5,50%, in line<span class=\"_ _0\"></span>a con le osservazioni mediamente applicabili dalla prass<span class=\"_ _0\"></span>i profession<span class=\"_ _0\"></span>ale;<span class=\"_ _4ac\"> </span>\u03b2<span class=\"ff1\">  <span class=\"ls0 wsc6\">(B<span class=\"_ _0\"></span>eta)= fattore di corr<span class=\"_ _0\"></span>elazione tra il re<span class=\"_ _0\"></span>ndimento effettivo di un<span class=\"_ _0\"></span>\u2019azione e il rendim<span class=\"_ _0\"></span>ento </span></span>compless<span class=\"_ _0\"></span>ivo del mercato di riferimento<span class=\"_ _0\"></span> (misura della volatilit\u00e0 di un<span class=\"_ _0\"></span> titolo rispetto al mercato), determi<span class=\"_ _0\"></span>nato considerando<span class=\"_ _0\"></span> il beta <span class=\"ff5 ls54 ws15f\">l<span class=\"_ _d\"></span>eve<span class=\"_ _1\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"ls30 wsaa\">di Ani<span class=\"_ _1\"></span>ma Holdi<span class=\"_ _1c\"></span>ng con un peri<span class=\"_ _1\"></span>odo di os<span class=\"_ _1\"></span>servaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e </span></span></span>quinq<span class=\"_ _1\"></span>uennal<span class=\"_ _1\"></span>e e un<span class=\"_ _1\"></span>a fre<span class=\"_ _1\"></span>quenza d<span class=\"_ _1\"></span>i ril<span class=\"_ _1\"></span>evazio<span class=\"_ _1\"></span>ne se<span class=\"_ _1\"></span>ttima<span class=\"_ _1\"></span>nale, p<span class=\"_ _1\"></span>ari a <span class=\"_ _1\"></span>1 (1,15<span class=\"_ _1\"></span> al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>24).<span class=\"ls1 ws1\"> </span>Ai fini del calco<span class=\"_ _0\"></span>lo del terminal value viene ut<span class=\"_ _0\"></span>ilizzato un tasso di crescita in<span class=\"_ _0\"></span> <span class=\"ff5 ls38 ws77\">pe<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ity <span class=\"_ _11\"></span></span>in linea con l<span class=\"_ _1\"></span>e stim<span class=\"_ _1\"></span>e di i<span class=\"_ _1\"></span>nflazi<span class=\"_ _1\"></span>one e d<span class=\"_ _1\"></span>i cr<span class=\"_ _1\"></span>escita d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>onsumi<span class=\"_ _1\"></span> attes<span class=\"_ _1\"></span>e di l<span class=\"_ _1\"></span>ungo p<span class=\"_ _1c\"></span>eriodo fo<span class=\"_ _1\"></span>rnit<span class=\"_ _1\"></span>e da au<span class=\"_ _1\"></span>torev<span class=\"_ _1\"></span>oli fonti<span class=\"_ _1\"></span> ester<span class=\"_ _1\"></span>ne (F<span class=\"_ _1\"></span>ondo M<span class=\"_ _1\"></span>oneta<span class=\"_ _1\"></span>rio I<span class=\"_ _1\"></span>nterna<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nale, P<span class=\"_ _1\"></span>rome<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>eia,<span class=\"_ _1\"></span> BCE, O<span class=\"_ _1\"></span>xfo<span class=\"_ _1\"></span>rd Eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>cs e Ba<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span> d\u2019Italia). <span class=\"ls1 ws1\"> </span>Sulla<span class=\"_ _1\"></span> bas<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>e fo<span class=\"_ _1\"></span>nti so<span class=\"_ _1c\"></span>pra ripo<span class=\"_ _1\"></span>rtat<span class=\"_ _1\"></span>e, te<span class=\"_ _1\"></span>nuto c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>o del <span class=\"_ _1\"></span>tasso d<span class=\"_ _1c\"></span>i inflaz<span class=\"_ _1\"></span>ione <span class=\"_ _1\"></span>targ<span class=\"_ _1\"></span>et fis<span class=\"_ _1\"></span>sato<span class=\"_ _1\"></span> da BC<span class=\"_ _1\"></span>E nel m<span class=\"_ _0\"></span>edio<span class=\"ls1 ws1\">-<span class=\"ls30 ws93\">lung<span class=\"_ _1c\"></span>o period<span class=\"_ _1\"></span>o per l\u2019A<span class=\"_ _1c\"></span>rea Euro<span class=\"_ _1\"></span>, il tas<span class=\"_ _1c\"></span>so di cresci<span class=\"_ _1c\"></span>ta di lung<span class=\"_ _1c\"></span>o periodo si<span class=\"_ _1\"></span> coll<span class=\"_ _1\"></span>oca in <span class=\"_ _1\"></span>un </span></span>rang<span class=\"_ _1\"></span>e tra l<span class=\"_ _1\"></span>\u20191,9<span class=\"_ _1\"></span>% e il 2<span class=\"_ _1c\"></span>,1%. Il G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Anima<span class=\"_ _1\"></span> ha <span class=\"_ _1\"></span>deciso<span class=\"_ _1\"></span> di ad<span class=\"_ _1\"></span>ot<span class=\"lsf ws1f\">ta<span class=\"_ _1\"></span>re un <span class=\"_ _1\"></span>tass<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>cresci<span class=\"_ _1c\"></span>ta pari a<span class=\"_ _1\"></span>l 2<span class=\"_ _1\"></span>%.<span class=\"ls1 ws1\"> </span></span>Acca<span class=\"_ _0\"></span>nto allo \u201c<span class=\"_ _0\"></span>Scenari<span class=\"_ _0\"></span>o Base\u201d ri<span class=\"_ _0\"></span>tenuto ma<span class=\"_ _0\"></span>ggiorme<span class=\"_ _0\"></span>nte prob<span class=\"_ _0\"></span>abile, son<span class=\"_ _0\"></span>o stat<span class=\"_ _0\"></span>i elaborat<span class=\"_ _0\"></span>i uno scena<span class=\"_ _1c\"></span>rio migl<span class=\"_ _1\"></span>iorati<span class=\"_ _1\"></span>vo (c<span class=\"_ _1c\"></span>d \u201cScena<span class=\"_ _1\"></span>rio <span class=\"_ _1\"></span>Favor<span class=\"_ _1\"></span>evole\u201d<span class=\"_ _1c\"></span>) ed u<span class=\"_ _1\"></span>no peg<span class=\"_ _1\"></span>giora<span class=\"_ _1\"></span>tivo (<span class=\"_ _1c\"></span>cd \u201cSc<span class=\"_ _1\"></span>enari<span class=\"_ _1c\"></span>o Avvers<span class=\"_ _1\"></span>o\u201d), a<span class=\"_ _1c\"></span> cui sono state asse<span class=\"_ _0\"></span>gnate le seguenti rispettive probabilit<span class=\"_ _0\"></span>\u00e0 di accadiment<span class=\"ls1d wsff\">o: 50%<span class=\"_ _0\"></span> Scenar<span class=\"_ _0\"></span>io Base, </span>30% <span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio Av<span class=\"_ _1\"></span>vers<span class=\"_ _1\"></span>o e 20% <span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio f<span class=\"_ _1\"></span>avore<span class=\"_ _1\"></span>vole<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Si riporta un<span class=\"_ _0\"></span>a sintesi delle principali assun<span class=\"_ _0\"></span>zioni alla base dei due Scenari Altern<span class=\"_ _0\"></span>ativi.<span class=\"ls1 ws1\"> </span>Scenario Avverso<span class=\"ls1 ws1\"> </span>Lo Sc<span class=\"_ _1\"></span>enario<span class=\"_ _1c\"></span> Avvers<span class=\"_ _1\"></span>o \u00e8 sta<span class=\"_ _1\"></span>to pred<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>osto co<span class=\"_ _1\"></span>nside<span class=\"_ _1\"></span>rand<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>eggiora<span class=\"_ _1c\"></span>mento si<span class=\"_ _1\"></span>mul<span class=\"_ _1\"></span>taneo <span class=\"_ _1\"></span>di di<span class=\"_ _1\"></span>vers<span class=\"_ _1\"></span>e grandezze<span class=\"_ _0\"></span> rispetto alle Proiezioni, in part<span class=\"_ _0\"></span>icolare sono state previste<span class=\"_ _0\"></span>:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita infer<span class=\"_ _0\"></span>iore degli AUM attesi nel 2028 di circa </span>-<span class=\"ls1d ws2b\">5%;</span> -<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita delle<span class=\"_ _0\"></span> commissioni nette pi\u00f9 contenuta (r<span class=\"_ _0\"></span>iduzione del CAGR 25</span>-<span class=\"ls1d ws85\">28 di </span>-<span class=\"ls1c ws27\">1,7%);<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">commissioni di performance dime<span class=\"_ _0\"></span>zzate rispetto alle att<span class=\"_ _0\"></span>ese delle Proiezioni;</span> -<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">costi operativi comple<span class=\"_ _0\"></span>ssivamente in linea con quanto<span class=\"_ _0\"></span> atteso;</span> -<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">flessione degli ut<span class=\"_ _0\"></span>ili attesi stimati nel 2028 di circa </span>-<span class=\"ls1d ws2b\">17%<span class=\"_ _0\"></span>;</span> Scena<span class=\"_ _1\"></span>rio Fa<span class=\"_ _1\"></span>vorev<span class=\"_ _1c\"></span>ole<span class=\"ls1 ws1\"> </span>Lo Sc<span class=\"_ _1\"></span>enari<span class=\"_ _1\"></span>o Fav<span class=\"_ _1\"></span>orevol<span class=\"_ _1c\"></span>e \u00e8 sta<span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>edisp<span class=\"_ _1\"></span>osto c<span class=\"_ _1c\"></span>onsidera<span class=\"_ _1\"></span>ndo <span class=\"_ _1\"></span>un mig<span class=\"_ _1\"></span>liora<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o sim<span class=\"_ _1\"></span>ulta<span class=\"_ _1\"></span>neo di<span class=\"_ _1\"></span> diverse gr<span class=\"_ _0\"></span>andezze rispetto ai dati prevision<span class=\"_ _0\"></span>ali, prevedendo in part<span class=\"_ _0\"></span>icolare:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws1f\">una<span class=\"_ _1\"></span> cres<span class=\"_ _1\"></span>cita p<span class=\"_ _1\"></span>i\u00f9 s<span class=\"_ _1\"></span>oste<span class=\"_ _1\"></span>nuta<span class=\"_ _1\"></span> degl<span class=\"_ _1\"></span>i AUM d<span class=\"_ _1c\"></span>i circa i<span class=\"_ _1\"></span>l 2%<span class=\"_ _1c\"></span>;<span class=\"ls1 ws1\"> </span></span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws28\">un</span> <span class=\"_ _11\"></span><span class=\"ls35 ws114\">incremen<span class=\"_ _0\"></span>to pi\u00f9 soste<span class=\"_ _0\"></span>nuto<span class=\"_ _0\"></span> delle commiss<span class=\"_ _0\"></span>ioni nette<span class=\"_ _0\"></span> (increm<span class=\"_ _0\"></span>ento del CAG<span class=\"_ _0\"></span>R 25</span>-<span class=\"ls1c ws155\">28 d<span class=\"_ _1\"></span>i </span>+0,<span class=\"_ _0\"></span>2%);<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 wsfe\">commissioni di per<span class=\"_ _0\"></span>formance e costi operativi comples<span class=\"_ _0\"></span>sivamente in linea con qu<span class=\"_ _0\"></span>anto </span>atteso n<span class=\"_ _0\"></span>elle Proie<span class=\"_ _0\"></span>zioni;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita degli utili ne<span class=\"_ _0\"></span>tti attesi del 1%.</span> Ai f<span class=\"_ _1\"></span>ini de<span class=\"_ _1\"></span>lla sti<span class=\"_ _1c\"></span>ma del V<span class=\"_ _1\"></span>alue i<span class=\"_ _1c\"></span>n Use del<span class=\"_ _1\"></span>la CG<span class=\"_ _1\"></span>U Ani<span class=\"_ _1\"></span>ma, c<span class=\"_ _1\"></span>oere<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e con q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to fa<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>nche<span class=\"_ _1\"></span> dalla Capogru<span class=\"_ _0\"></span>ppo Banco BPM, la Societ\u00e0 ha sviluppato il meto<span class=\"_ _0\"></span>do DCF sulla base delle proiezioni econ<span class=\"_ _1\"></span>omic<span class=\"_ _1c\"></span>he/fina<span class=\"_ _1\"></span>nziar<span class=\"_ _1\"></span>ie <span class=\"_ _1\"></span>conte<span class=\"_ _1c\"></span>nute sia<span class=\"_ _1c\"></span> (i) nel<span class=\"_ _1\"></span>le P<span class=\"_ _1c\"></span>roiezi<span class=\"_ _1c\"></span>oni con<span class=\"_ _1\"></span> lo <span class=\"_ _1c\"></span>Scena<span class=\"ls0 wsae\">rio <span class=\"_ _1\"></span>Base, (ii) nello Scenario </span>Avverso e<span class=\"_ _0\"></span> (iii) ne<span class=\"_ _0\"></span>llo Scenario F<span class=\"_ _0\"></span>avorevole.<span class=\"ls1 ws1\"> </span>I Val<span class=\"_ _1c\"></span>ue in us<span class=\"_ _1\"></span>e dete<span class=\"_ _1c\"></span>rminati<span class=\"_ _1\"></span>, risp<span class=\"_ _1c\"></span>etto all<span class=\"_ _1c\"></span>o Scena<span class=\"_ _1c\"></span>rio Bas<span class=\"_ _1\"></span>e, ha<span class=\"_ _1\"></span>nno <span class=\"_ _1\"></span>evid<span class=\"_ _1\"></span>enzi<span class=\"_ _1\"></span>ato:<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls30 ws27\">Scena<span class=\"_ _1c\"></span>rio Avve<span class=\"_ _1\"></span>rso <span class=\"_ _1\"></span>un de<span class=\"_ _1\"></span>creme<span class=\"_ _1\"></span>nto di<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">-</span><span class=\"ls1c\">15,2%<span class=\"_ _1c\"></span>;<span class=\"ls1 ws1\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws1f\">Scena<span class=\"_ _1c\"></span>rio Fav<span class=\"_ _1c\"></span>orevole<span class=\"_ _1\"></span> un <span class=\"_ _1\"></span>incre<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to di<span class=\"_ _1\"></span> 0,7%.<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span>Il Valu<span class=\"_ _1\"></span>e in Us<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>a CGU Ani<span class=\"_ _1c\"></span>ma \u00e8 stato i<span class=\"_ _1\"></span>nfine d<span class=\"_ _1c\"></span>etermina<span class=\"_ _1\"></span>to in f<span class=\"_ _1\"></span>unzi<span class=\"_ _1\"></span>one del v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e medio<span class=\"_ _1\"></span> ponderato<span class=\"_ _0\"></span> risultante dall\u2019applicazione<span class=\"_ _0\"></span> del metodo DCF<span class=\"_ _0\"></span> nei tre scenari sopr<span class=\"_ _0\"></span>a descritti, pes<span class=\"_ _0\"></span>ando lo Sce<span class=\"_ _1c\"></span>nario Bas<span class=\"_ _1c\"></span>e al 50%<span class=\"_ _1c\"></span>, lo Sce<span class=\"_ _1\"></span>nario A<span class=\"_ _1\"></span>vvers<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>30% e l<span class=\"_ _1\"></span>o Sce<span class=\"_ _1\"></span>nari<span class=\"_ _1\"></span>o favo<span class=\"_ _1\"></span>rev<span class=\"ls1d ws85\">ole al 20%<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span><span class=\"ls1d ws85\"><span class=\"ls1 ws1\"> </span></span>Esiti dell\u2019<span class=\"_ _0\"></span><span class=\"ff5 ls48 ws172\">i<span class=\"_ _d\"></span>mp<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>i<span class=\"_ _d\"></span>r<span class=\"_ _1c\"></span>ment<span class=\"_ _1c\"></span> t<span class=\"_ _1c\"></span>est<span class=\"_ _1c\"></span><span class=\"ff1 ls1 ws1\"> </span></span>Gli esit<span class=\"_ _0\"></span>i dell\u2019<span class=\"ff5 ls11 wse1\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span></span>non hanno evidenziat<span class=\"_ _0\"></span>o perdite di valore degli avviam<span class=\"_ _0\"></span>enti e degli intangibili a vit<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>ut<span class=\"_ _0\"></span>ile definita, sia nello scenario di riferimento che negli altri ipotizzati, con un re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ra<span class=\"_ _1c\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _13\"></span> a<span class=\"_ _1c\"></span>m<span class=\"_ _13\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws8b\">de<span class=\"_ _1\"></span>lla CGU Anima superiore al valore di <span class=\"ff5 ls39 ws451\">c<span class=\"_ _13\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _13\"></span>y<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _13\"></span> am<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span></span>e<span class=\"_ _0\"></span>videnziata nel </span></span>pres<span class=\"_ _1\"></span>ente B<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>ncio c<span class=\"_ _1\"></span>onso<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>to. Si p<span class=\"_ _1\"></span>recis<span class=\"_ _1\"></span>a in<span class=\"_ _1\"></span>oltr<span class=\"_ _1\"></span>e che il<span class=\"_ _1\"></span> test d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>airm<span class=\"_ _1\"></span>ent \u00e8 <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>tato s<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>rato<span class=\"_ _1c\"></span> anch<span class=\"_ _0\"></span>e ponendo<span class=\"_ _0\"></span> il valore<span class=\"_ _0\"></span> recuper<span class=\"_ _0\"></span>abile<span class=\"_ _0\"></span> a confron<span class=\"_ _0\"></span>to con il<span class=\"_ _0\"></span> valore de<span class=\"_ _0\"></span>l patrimo<span class=\"_ _0\"></span>nio nett<span class=\"_ _0\"></span>o.<span class=\"ls1 ws1\"> </span>Nell\u2019ambito<span class=\"_ _0\"></span> delle analisi svolte, a fronte anche de<span class=\"_ _0\"></span>lle sopracitate raccoman<span class=\"_ _0\"></span>dazioni ESMA, si precis<span class=\"_ _0\"></span>a che ad oggi non si evidenziano im<span class=\"_ _0\"></span>patti rilevanti sul bu<span class=\"_ _0\"></span>siness e sulle prospettive fut<span class=\"_ _0\"></span>ure dell<span class=\"_ _1\"></span>a Soci<span class=\"_ _1\"></span>et\u00e0 e d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma in amb<span class=\"_ _1c\"></span>ito <span class=\"ff5 ls11 ws58\">c<span class=\"_ _0\"></span>lim<span class=\"_ _13\"></span>ate<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> ris<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span><span class=\"ff1 ls0 ws8c\">, anche in<span class=\"_ _0\"></span> considerazione della </span></span>centralit<span class=\"_ _0\"></span>\u00e0 della strategia ESG<span class=\"_ _0\"></span> esistente a livello di Gr<span class=\"_ _0\"></span>uppo Anima come opportun<span class=\"_ _0\"></span>it\u00e0 di crescita del busine<span class=\"_ _1\"></span>ss.<span class=\"ls1\"> </span>Si segnala che ai fin<span class=\"_ _0\"></span>i delle analisi di <span class=\"ff5 ls11 ws5\">s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\">: </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wsb9\">considerando<span class=\"_ _0\"></span> l\u2019utilizzo del tasso di attualizzaz<span class=\"_ _0\"></span>ione complessivo Ke al 10,76%, il v<span class=\"_ _0\"></span>alore<span class=\"_ _1\"></span> </span></span>recup<span class=\"_ _1\"></span>erabil<span class=\"_ _1\"></span>e si rid<span class=\"_ _1c\"></span>uce del 1<span class=\"_ _1\"></span>9,78%<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws76\">considerando<span class=\"_ _0\"></span> l\u2019utilizzo del t<span class=\"_ _0\"></span>asso di crescit<span class=\"_ _0\"></span>a in perpetuit<span class=\"_ _0\"></span>y all\u20191%, il valore<span class=\"_ _0\"></span> recuperabile si </span></span>riduc<span class=\"_ _1\"></span>e del 9,84%<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws5f\">nel caso pi\u00f9 estremo dell\u2019analisi di sensit<span class=\"_ _0\"></span>ivit\u00e0 considerando congiuntamente l\u2019utilizzo<span class=\"_ _0\"></span> del </span></span>tasso di attualizzazion<span class=\"_ _0\"></span>e complessivo Ke al 10,76% e del tasso di crescita in perpetuity all\u20191%, il valor<span class=\"_ _0\"></span>e recuperabile si riduce del 25,61%;<span class=\"ls1 ws1\"> </span>Nel co<span class=\"_ _1\"></span>ntes<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a proc<span class=\"_ _1\"></span>edura d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>airme<span class=\"_ _1\"></span>nt tes<span class=\"_ _1\"></span>t sopra d<span class=\"_ _1\"></span>escri<span class=\"_ _1c\"></span>tta, Ani<span class=\"_ _1\"></span>ma Holdi<span class=\"_ _1c\"></span>ng ha chies<span class=\"_ _1c\"></span>to al cons<span class=\"_ _1\"></span>ulent<span class=\"_ _1c\"></span>e indip<span class=\"_ _1\"></span>ende<span class=\"_ _1c\"></span>nte EY <span class=\"ls31 ws5c\">Advisoru<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span></span>S.p.A. (<span class=\"_ _1\"></span>\u201cEY\u201d<span class=\"_ _1\"></span>) di<span class=\"_ _1\"></span> pred<span class=\"_ _1\"></span>ispo<span class=\"_ _1\"></span>rre <span class=\"_ _1\"></span>una <span class=\"ff5 ls11 wscf\">fairn<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span> o<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>ion<span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls55 ws6b\">r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o </span></span>alla determinazion<span class=\"_ _0\"></span>e del valore recuperabile della CGU Anima effettuat<span class=\"_ _0\"></span>a dalla Societ\u00e0. Le principali cons<span class=\"_ _0\"></span>iderazioni sulle analisi v<span class=\"_ _0\"></span>alutative condotte da Anima Holding, espresse da EY, sono d<span class=\"_ _1\"></span>i seg<span class=\"_ _1c\"></span>uito rip<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>te:<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws92\">il p<span class=\"_ _1\"></span>rocess<span class=\"_ _1c\"></span>o di impa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent t<span class=\"_ _1c\"></span>est svil<span class=\"_ _1\"></span>uppa<span class=\"_ _1c\"></span>to dalla<span class=\"_ _1\"></span> Soci<span class=\"_ _1\"></span>et\u00e0 ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>ta in <span class=\"_ _1\"></span>conti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1\"></span> con q<span class=\"_ _1c\"></span>uanto </span></span>svolt<span class=\"_ _1\"></span>o al 31<span class=\"_ _1\"></span> dice<span class=\"_ _1\"></span>mbre 20<span class=\"_ _1\"></span>24. Tal<span class=\"_ _1\"></span>e proc<span class=\"_ _1\"></span>esso <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>ta stru<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>tu<span class=\"_ _1\"></span>rato, ra<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ale, t<span class=\"_ _1\"></span>racci<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>e e ripercorribile<span class=\"_ _0\"></span>; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws15\">l\u2019approccio<span class=\"_ _0\"></span> valutativo adottato dalla So<span class=\"_ _0\"></span>ciet\u00e0 risulta in line<span class=\"_ _0\"></span>a con le indicazioni dei principi </span></span>contab<span class=\"_ _1\"></span>ili d<span class=\"_ _1\"></span>i rif<span class=\"_ _1c\"></span>eriment<span class=\"_ _1\"></span>o, no<span class=\"_ _1\"></span>nch\u00e9<span class=\"_ _1\"></span> tecni<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte id<span class=\"_ _1c\"></span>oneo a de<span class=\"_ _1\"></span>term<span class=\"_ _1\"></span>inar<span class=\"_ _1\"></span>e in mod<span class=\"_ _1c\"></span>o ragionevole<span class=\"_ _0\"></span> il valore d\u2019uso della CGU Anima. La meto<span class=\"_ _0\"></span>dologia utilizzata (DCF) present<span class=\"_ _0\"></span>a cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ate ba<span class=\"_ _1\"></span>si do<span class=\"_ _1\"></span>ttri<span class=\"_ _1\"></span>nali<span class=\"_ _1\"></span>, risul<span class=\"_ _1\"></span>ta co<span class=\"_ _1\"></span>mun<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>e ado<span class=\"_ _1\"></span>ttata<span class=\"_ _1\"></span> nell<span class=\"_ _1\"></span>a pras<span class=\"_ _1c\"></span>si valuta<span class=\"_ _1c\"></span>tiva nel<span class=\"_ _1c\"></span> settore di riferimento<span class=\"_ _0\"></span> e tiene conto delle prospettive reddituali e finanziar<span class=\"_ _0\"></span>ie della CGU An<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws25f\">i parametri va<span class=\"_ _0\"></span>lutativi adottat<span class=\"_ _0\"></span>i risultano com<span class=\"_ _0\"></span>presi in intervalli r<span class=\"_ _0\"></span>agionevolmente </span></span>osserv<span class=\"_ _0\"></span>abili nell\u2019attuale scenar<span class=\"_ _0\"></span>io di mercato; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls35 ws114\">coere<span class=\"_ _0\"></span>ntemente<span class=\"_ _0\"></span> con quanto<span class=\"_ _0\"></span> effettua<span class=\"_ _0\"></span>to dalla C<span class=\"_ _0\"></span>apogruppo<span class=\"_ _0\"></span> Banco B<span class=\"_ _0\"></span>PM, acc<span class=\"_ _0\"></span>anto ad uno </span></span>Scena<span class=\"_ _1c\"></span>rio Bas<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>e Pro<span class=\"_ _1c\"></span>iezioni<span class=\"_ _1\"></span>, sono<span class=\"_ _1\"></span> sta<span class=\"_ _1\"></span>ti cons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>erati u<span class=\"_ _1c\"></span>no scena<span class=\"_ _1\"></span>rio p<span class=\"_ _1\"></span>egg<span class=\"_ _1c\"></span>iorativ<span class=\"_ _1\"></span>o e uno<span class=\"_ _1\"></span> scenario m<span class=\"_ _0\"></span>igliorativo. I fattor<span class=\"_ _0\"></span>i di ponderazione asse<span class=\"_ _0\"></span>gnati ai diversi sc<span class=\"_ _0\"></span>enari (50% Scenar<span class=\"_ _0\"></span>i<span class=\"ls31 ws5c\">o </span>Bas<span class=\"_ _0\"></span>e, 30% <span class=\"_ _0\"></span>Scen<span class=\"_ _0\"></span>ario <span class=\"_ _0\"></span>Avve<span class=\"_ _0\"></span>rso e <span class=\"_ _0\"></span>20% S<span class=\"_ _0\"></span>cenar<span class=\"_ _0\"></span>io Fav<span class=\"_ _0\"></span>orevo<span class=\"_ _0\"></span>le) h<span class=\"_ _0\"></span>anno a<span class=\"_ _0\"></span>vuto <span class=\"_ _0\"></span>carat<span class=\"_ _0\"></span>tere prud<span class=\"_ _1\"></span>enzial<span class=\"_ _1c\"></span>e in qua<span class=\"_ _1\"></span>nto h<span class=\"_ _1\"></span>anno p<span class=\"_ _1c\"></span>rovvedut<span class=\"_ _1c\"></span>o ad asseg<span class=\"_ _1\"></span>nare <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>maggi<span class=\"_ _1\"></span>ore p<span class=\"_ _1\"></span>onderaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne all<span class=\"_ _1\"></span>o scena<span class=\"_ _1c\"></span>rio pegg<span class=\"_ _1\"></span>iorati<span class=\"_ _1\"></span>vo ri<span class=\"_ _1c\"></span>spetto al<span class=\"_ _1\"></span>lo sce<span class=\"_ _1c\"></span>nario mig<span class=\"_ _1c\"></span>liorativ<span class=\"_ _1c\"></span>o; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws10b\">\u00e8 sta<span class=\"_ _1\"></span>ta ris<span class=\"_ _1c\"></span>contra<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>na sos<span class=\"_ _1c\"></span>tanzia<span class=\"_ _1\"></span>le co<span class=\"_ _1\"></span>rrett<span class=\"_ _1c\"></span>ezza ma<span class=\"_ _1\"></span>tema<span class=\"_ _1c\"></span>tica dei<span class=\"_ _1\"></span> calc<span class=\"_ _1c\"></span>oli eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1c\"></span>ti dall<span class=\"_ _1\"></span>a </span></span>Societ\u00e0 ai fin<span class=\"_ _0\"></span>i della determinazione del v<span class=\"_ _0\"></span>alore recuperabile della CGU Anima;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1\"> <span class=\"ls0 wsb0\">\u00e8 stato osservato che alla data di riferimento il fair<span class=\"_ _0\"></span> value implicito nella quotazione </span></span></span>borsistic<span class=\"_ _0\"></span>a del titolo Anima risulti superiore al valore<span class=\"_ _0\"></span> contabile della CGU.<span class=\"_ _4ac\"> </span>Di co<span class=\"_ _1\"></span>nseg<span class=\"_ _1\"></span>uenza<span class=\"_ _1c\"></span>, EY riti<span class=\"_ _1\"></span>ene <span class=\"_ _1\"></span>che il<span class=\"_ _1\"></span> metod<span class=\"_ _1c\"></span>o di va<span class=\"_ _1\"></span>lutaz<span class=\"_ _1\"></span>ione a<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>tato d<span class=\"_ _1\"></span>alla<span class=\"_ _1\"></span> Soci<span class=\"_ _1\"></span>et\u00e0 s<span class=\"_ _1\"></span>ia ad<span class=\"_ _1\"></span>egua<span class=\"_ _1\"></span>to, i<span class=\"_ _1\"></span>n quanto nella c<span class=\"_ _0\"></span>ircostanza ragionevole<span class=\"_ _0\"></span> e non arbitrar<span class=\"_ _0\"></span>io, conforme alle indicazioni de<span class=\"_ _0\"></span>i principi contab<span class=\"_ _1\"></span>ili d<span class=\"_ _1\"></span>i rife<span class=\"_ _1c\"></span>rimento e c<span class=\"_ _1c\"></span>he lo ste<span class=\"_ _1\"></span>sso si<span class=\"_ _1c\"></span>a stato co<span class=\"_ _1\"></span>rretta<span class=\"_ _1c\"></span>mente a<span class=\"ls0 ws61\">pplicato ai fini della </span>determin<span class=\"_ _0\"></span>azione del valore d\u2019uso della CGU Anima oggetto di ana<span class=\"_ _0\"></span>lisi.<span class=\"ls1 ws1\"> </span>9<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 im<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>riali:<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>ariaz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w728 h46b\" id=\"_110d0244-35a2-48c4-b1b6-6fa93167639a\"><tr><td></td><td class=\"c x808 y3676 w158 h1aa\"><div class=\"t m2e xf8 h1ab y1c4b ff2 fs3b fc0 sc0 ls1e5 ws453\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x808 y3676 w158 h1aa\"><div class=\"t m2e x24 h1ab y1c4c ff2 fs3b fc0 sc0 ls1e6 ws454\">A.<span class=\"_ _0\"></span> Esist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali</div></td><td class=\"c x808 y3677 w158 h1ac\"><div class=\"t m2e x5f h1ab y1c4e ff2 fs3b fc0 sc0 ls1e5 ws455\">                            1.<span class=\"_ _0\"></span>559.<span class=\"_ _0\"></span>256 </div></td></tr><tr><td class=\"c x212 y3678 w729 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">B. Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x809 y3678 w72a h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">2.<span class=\"_ _0\"></span>191<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3679 w72b h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e8 ws458\">B.1<span class=\"_ _1\"></span> A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>qu<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80a y3679 w72c h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">2.191<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367a w72d h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">C.<span class=\"_ _0\"></span> D<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>inuzioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80b y367a w72e h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>354)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367b w72f h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1ea ws45a\">C.<span class=\"_ _1c\"></span>2 Ammo<span class=\"_ _1c\"></span>rt<span class=\"_ _1c\"></span>ame<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80c y367b w730 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>44.204)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367c w731 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e8 ws458\">C.3 Re<span class=\"_ _1\"></span>ttific<span class=\"_ _0\"></span>he di valore<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80d y367c w732 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x80e y367d w733 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1eb ws45b\">- a Conto econom<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80f y367d w734 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w735 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">D.<span class=\"_ _0\"></span> Rim<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> finali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x810 y345e w736 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">1.<span class=\"_ _0\"></span>517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td></tr></table>Si ricorda che il saldo<span class=\"_ _0\"></span> relativo alla sottovoce \u201cA. Esistenze In<span class=\"_ _0\"></span>iziali\u201d include gli effetti de<span class=\"_ _0\"></span>i processi di PPA, conclusi nel 2025, relat<span class=\"_ _0\"></span>ivamente a Kairos SGR e Vita Srl (si rimanda alla \u201cParte A <span class=\"ls1 ws1\">\u2013 <span class=\"ls1d ws2b\">Al<span class=\"_ _0\"></span>tre </span></span>Infor<span class=\"_ _1\"></span>mazi<span class=\"_ _1\"></span>oni <span class=\"_ _20\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _15\"> </span><span class=\"ls1d ws131\">Rest<span class=\"_ _0\"></span>atement B<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io 2024<span class=\"_ _0\"></span>\u201d del pr<span class=\"_ _0\"></span>esen<span class=\"ls0 ws79\">te<span class=\"_ _0\"></span> Bilancio <span class=\"_ _0\"></span>Consolidato <span class=\"_ _0\"></span>per maggiori </span></span></span>dettagli).<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>La sottovoce<span class=\"_ _0\"></span> \u201cB.1 Acquisti\u201d si riferisce princ<span class=\"_ _0\"></span>ipalmente a (i) software acquistati nell\u2019eserc<span class=\"_ _0\"></span>izio da Anima SGR, (ii) l\u2019avvia<span class=\"_ _0\"></span>mento provvisorio iscr<span class=\"_ _0\"></span>itto a seguito dell\u2019acquisizione di r<span class=\"_ _0\"></span>amo d\u2019azienda da part<span class=\"_ _1\"></span>e di Vita S<span class=\"_ _1\"></span>rl, avv<span class=\"_ _1\"></span>enuta<span class=\"_ _1\"></span> nel cors<span class=\"_ _1c\"></span>o <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span> terzo tri<span class=\"_ _1c\"></span>mestre<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls30 wsa9\">2025, p<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>un imp<span class=\"_ _1\"></span>orto p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span> Eu<span class=\"_ _1\"></span>ro 83<span class=\"_ _1\"></span> </span></span>miglaia e (iii) all\u2019a<span class=\"_ _0\"></span>ggiustamento prezzo riconosciuto<span class=\"_ _0\"></span> in relazione ai Mandati di Gestione per circa Euro 425,4 migliaia,<span class=\"_ _0\"></span> per quanto previsto dagli accordi sottoscritt<span class=\"_ _0\"></span>i come integrati/modificati nel corso<span class=\"_ _1\"></span> del 2020.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-673": {
   "value": "Impairmen<span class=\"_ _0\"></span>t test<span class=\"_ _4ac\"> </span><span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>L\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto, s<span class=\"_ _1\"></span>eco<span class=\"_ _1\"></span>ndo <span class=\"_ _1\"></span>quant<span class=\"_ _1\"></span>o disp<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>o dall<span class=\"_ _1\"></span>o IA<span class=\"_ _1\"></span>S 36, d<span class=\"_ _1c\"></span>eve esse<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>ottop<span class=\"_ _1\"></span>osto a<span class=\"_ _1c\"></span>nnualme<span class=\"_ _1\"></span>nte a<span class=\"_ _1c\"></span>d<span class=\"_ _4ac\"> </span> im<span class=\"_ _0\"></span>pai<span class=\"_ _1c\"></span>rm<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">per verificarne la recu<span class=\"_ _0\"></span>perabilit\u00e0.<span class=\"_ _4ac\"> </span></span></span><span class=\"ff1 ls1 ws1\"> </span>Vi \u00e8 una perdita di va<span class=\"_ _0\"></span>lore ogniqualvolta il valor<span class=\"_ _0\"></span>e contabile (\u201c<span class=\"ff5 ls33 ws312\">c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span> am<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>\u201d</span><span class=\"lsf ws11a\">) di un\u2019a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1c\"></span>t\u00e0 <span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span></span><span class=\"lsf ws11a\"><span class=\"ls1 ws1\"> </span></span>intes<span class=\"_ _1\"></span>a ind<span class=\"_ _1c\"></span>ividual<span class=\"_ _1c\"></span>mente<span class=\"_ _1\"></span> o com<span class=\"_ _1c\"></span>e <span class=\"ff5 ls41 ws346\">ca<span class=\"_ _d\"></span>sh gene<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>ti<span class=\"_ _1c\"></span>ng uni<span class=\"_ _d\"></span>t <span class=\"ff1 ls11 wsfb\">(\u201cCGU\u201d), ovvero il \u201ccentro di ricavo\u201d di<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls41 ws346\"><span class=\"ff1 ls11 wsfb\"> </span></span>minori dimens<span class=\"_ _0\"></span>ioni a cui \u00e8 possibile<span class=\"_ _0\"></span> imputare specifici flu<span class=\"_ _0\"></span>ssi di cassa<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"lse wsce\">\u00e8<span class=\"_ _0\"></span> maggiore<span class=\"_ _0\"></span> del valore<span class=\"_ _4ac\"> </span></span></span>recupera<span class=\"_ _0\"></span>bile della stessa (\"<span class=\"ff5 ls38 wsf5\">re<span class=\"_ _13\"></span>cov<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ra<span class=\"_ _1c\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt\u201d<span class=\"ff1 ls0 ws76\">). Il valore<span class=\"_ _0\"></span> recuperabile \u00e8 il maggio<span class=\"_ _0\"></span>re tra il fair<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls38 wsf5\"><span class=\"ff1 ls0 ws76\"><span class=\"_ _0\"></span> </span></span>value al netto de<span class=\"_ _0\"></span>i costi di vendita e il valore d\u2019uso (\u201c<span class=\"ff5 ls41 ws315\">va<span class=\"_ _1c\"></span>l<span class=\"_ _1\"></span>ue <span class=\"_ _0\"></span>i<span class=\"_ _1c\"></span>n use\")<span class=\"_ _1c\"></span><span class=\"ff1 ls1 ws1\">.<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls41 ws315\"><span class=\"ff1 ls1 ws1\"> </span></span>A tal fine,<span class=\"_ _0\"></span> l\u2019avviamento deve esse<span class=\"_ _0\"></span>re allocato a<span class=\"_ _0\"></span> singole o a gruppi di un<span class=\"_ _0\"></span>it\u00e0 generatr<span class=\"_ _0\"></span>ici di flussi<span class=\"_ _4ac\"> </span> finanziari de<span class=\"_ _0\"></span>ll\u2019acquirente in modo che tali unit\u00e0 beneficino delle s<span class=\"_ _0\"></span>inergie dell\u2019aggregazione,<span class=\"_ _4ac\"> </span> indi<span class=\"_ _1\"></span>pend<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e dal<span class=\"_ _1c\"></span> fatto c<span class=\"_ _1c\"></span>he altr<span class=\"_ _1c\"></span>e attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>o pas<span class=\"_ _1c\"></span>sivit\u00e0<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span><span class=\"ls0 ws8b\">\u2019acquisito s<span class=\"_ _0\"></span>iano assegnate a tali<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws8b\"> </span>unit\u00e0<span class=\"_ _1\"></span> o gr<span class=\"_ _1\"></span>uppi<span class=\"_ _1\"></span> di u<span class=\"_ _1\"></span>nit\u00e0<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span>Nel Bilancio consolidat<span class=\"_ _0\"></span>o di Anima Holding, le attivit\u00e0 immateriali a vita utile indefinita,<span class=\"_ _4ac\"> </span> rappresentate<span class=\"_ _0\"></span> dagli avviamenti, ammontano complessivamente a Euro 1.167,9 milioni; in<span class=\"_ _4ac\"> </span> seguito, alle varie<span class=\"_ _0\"></span> acquisizioni/fusion<span class=\"_ _0\"></span>i per incorporazione avvenute negli anni, gli avviame<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span> sono da consider<span class=\"_ _0\"></span>arsi un unico ed indistinto avviamento,<span class=\"_ _0\"></span> allocato all\u2019unica CGU<span class=\"_ _4ac\"> </span> compless<span class=\"_ _0\"></span>ivamente dedicata alla gestione del risparmio (\u201cCG<span class=\"_ _0\"></span>U Anima\u201d <span class=\"ls1 ws1\">- <span class=\"_ _18\"> </span><span class=\"ls11 wsb7\">rappr<span class=\"_ _0\"></span>esentata dalle<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls11 wsb7\"> </span></span>soci<span class=\"_ _1\"></span>et\u00e0 op<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>tive d<span class=\"_ _1c\"></span>el Grup<span class=\"_ _1\"></span>po),<span class=\"_ _1c\"></span> in qua<span class=\"_ _1\"></span>nto: <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span> <span class=\"ls0 ws81\">il management del Gruppo gestisce le societ\u00e0 alla stregu<span class=\"_ _0\"></span>a di <span class=\"_ _1\"></span>un\u2019unic<span class=\"_ _0\"></span>a CGU, in grado di<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws81\"> </span>gener<span class=\"_ _0\"></span>are flussi di reddito<span class=\"_ _0\"></span> e di cassa; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span><span class=\"lsf wsd6\">non esis<span class=\"_ _1c\"></span>te un repo<span class=\"_ _1c\"></span>rting sep<span class=\"_ _1\"></span>arat<span class=\"_ _1c\"></span>o <span class=\"_ _0\"></span>(\u201c<span class=\"ff5 ls54 ws44e\">s<span class=\"_ _1c\"></span>eg<span class=\"_ _1c\"></span>men<span class=\"_ _1\"></span>t<span class=\"_ _1c\"></span> r<span class=\"_ _1\"></span>ep<span class=\"_ _1c\"></span>or<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>ng<span class=\"_ _1c\"></span><span class=\"ff1 ls0 ws5f\">\u201d) per le attivit\u00e0 oggetto di acquisizione;<span class=\"_ _4ac\"> </span></span></span></span><span class=\"lsf wsd6\"><span class=\"ff5 ls54 ws44e\"><span class=\"ff1 ls0 ws5f\"> <span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span></span></span>\u2022<span class=\"ff9\"> <span class=\"_ _10d\"> </span></span><span class=\"lsf wsf1\">Anima<span class=\"_ _1\"></span> Hol<span class=\"_ _1\"></span>ding<span class=\"_ _1\"></span> non<span class=\"_ _1\"></span> deti<span class=\"_ _1c\"></span>ene al<span class=\"_ _1\"></span>cuna<span class=\"_ _1\"></span> atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span>/pa<span class=\"_ _1\"></span>ssivi<span class=\"_ _1\"></span>t\u00e0 es<span class=\"_ _1c\"></span>tranea a<span class=\"_ _1\"></span>l p<span class=\"_ _1\"></span>ropri<span class=\"_ _1\"></span>o bus<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>ss (<span class=\"_ _1\"></span>c.d.<span class=\"_ _4ac\"> </span></span><span class=\"lsf wsf1\"> </span>sur<span class=\"_ _1c\"></span>pl<span class=\"_ _1c\"></span>us a<span class=\"_ _d\"></span>sset<span class=\"ff1 ls32 ws5e\">). </span><span class=\"ff1 ls32 ws5e\"><span class=\"ls1 ws1\"> </span></span>Inoltre, a<span class=\"_ _0\"></span>ll\u2019interno della CGU Anima a cui \u00e8 all<span class=\"_ _1\"></span>ocato l\u2019<span class=\"_ _0\"></span>avviamento, sono ricomprese le attivit\u00e0<span class=\"_ _4ac\"> </span> immateriali a vita utile definit<span class=\"_ _0\"></span>a, individuate in fase di PPA o attraverso attivit\u00e0 acquisite, per un<span class=\"_ _4ac\"> </span> impo<span class=\"_ _1\"></span>rto tota<span class=\"_ _1\"></span>le resi<span class=\"_ _1\"></span>duo (<span class=\"_ _1\"></span>al net<span class=\"_ _1\"></span>to degli<span class=\"_ _1\"></span> ammo<span class=\"_ _1\"></span>rtamen<span class=\"_ _1\"></span>ti e dell<span class=\"_ _1c\"></span><span class=\"ls1c ws102\">e <span class=\"_ _0\"></span>impos<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>e d<span class=\"_ _1\"></span>ifferit<span class=\"_ _1\"></span>e eventual<span class=\"_ _1c\"></span>mente<span class=\"_ _4ac\"> </span></span><span class=\"ls1c ws102\"><span class=\"_ _1\"></span> </span>iscritte) di c<span class=\"_ _0\"></span>irca Euro 282 milioni. <span class=\"ls1 ws1\"> </span>Il princ<span class=\"_ _0\"></span>ipio contabile internaz<span class=\"_ _0\"></span>ionale IAS 36 prevede<span class=\"_ _0\"></span> che su tali att<span class=\"_ _0\"></span>ivit\u00e0 immateriali a vit<span class=\"_ _0\"></span>a utile<span class=\"_ _4ac\"> </span> definita venga effettuato una verifica de<span class=\"_ _0\"></span>l<span class=\"ls0 ws99\">l\u2019esistenza di in<span class=\"_ _0\"></span>dicatori di perdite di valor<span class=\"_ _0\"></span>e (\u201c<span class=\"ff5 ls38 ws77\">trigge<span class=\"_ _0\"></span>r<span class=\"_ _4ac\"> </span></span></span><span class=\"ls0 ws99\"><span class=\"ff5 ls38 ws77\"> </span></span>e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"ff1 ls11 ws5\">\u201d).<span class=\"_ _4ac\"> </span></span><span class=\"ff1 ls11 ws5\"><span class=\"ls1 ws1\"> </span></span>Si conferma che le valutazion<span class=\"_ _0\"></span>i effettuate dal Gruppo Anima su tali attivit\u00e0 immateriali a vita utile<span class=\"_ _4ac\"> </span> definit<span class=\"_ _0\"></span>a non hanno rilevato la presenza<span class=\"_ _0\"></span> di indicatori di perdita di va<span class=\"_ _0\"></span>lore e quindi non \u00e8 stato<span class=\"_ _4ac\"> </span> effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>to un <span class=\"ff5 ls38 ws113\">i<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t te<span class=\"_ _13\"></span>st<span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws0\">specifico sulle singole att<span class=\"_ _0\"></span>ivit\u00e0 immateriali a vita ut<span class=\"_ _0\"></span>ile definita. </span></span></span><span class=\"ff5 ls38 ws113\"><span class=\"ff1 ls1 ws1\"> </span></span>Tutta<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>, in c<span class=\"_ _1\"></span>onti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1c\"></span> con le <span class=\"_ _1c\"></span>scelte <span class=\"_ _1\"></span>effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>te in<span class=\"_ _1\"></span> pass<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po Ani<span class=\"_ _1c\"></span>ma ha r<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>nuto<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> oppor<span class=\"_ _1\"></span>tuno so<span class=\"_ _1c\"></span>ttoporre<span class=\"_ _1\"></span> ad <span class=\"ff5 ls11 ws112\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls0 wsd5\">, oltre che all\u2019avv<span class=\"_ _0\"></span>iamento, anche le altre attivit\u00e0<span class=\"_ _4ac\"> </span></span><span class=\"ls0 wsd5\"> </span>immateriali a v<span class=\"_ _0\"></span>ita utile de<span class=\"_ _0\"></span>finita present<span class=\"_ _0\"></span>i nel presente Bilanc<span class=\"_ _0\"></span>io consolidato. Per<span class=\"_ _0\"></span>tanto,<span class=\"_ _4ac\"> </span> l\u2019<span class=\"ff5 ls11\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _11\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span> te<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"lsf ws1f\">ha l\u2019<span class=\"_ _1\"></span>obi<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>o di va<span class=\"_ _1\"></span>luta<span class=\"_ _1c\"></span>re la t<span class=\"_ _1\"></span>enuta<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span> <span class=\"ff5 ls38 ws113\">ca<span class=\"_ _1\"></span>rry<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">della C<span class=\"_ _0\"></span>GU Anima.<span class=\"_ _4ac\"> </span></span></span></span></span></span><span class=\"ls1 ws1\"><span class=\"lsf ws1f\"><span class=\"ff5 ls38 ws113\"><span class=\"ff1 ls1 ws1\"> </span></span></span></span>Nella con<span class=\"_ _0\"></span>duzione de<span class=\"_ _0\"></span>l <span class=\"ff5 ls11 ws140\">te<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i im<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </span><span class=\"ls35 ws8e\">al 31<span class=\"_ _0\"></span> dicembre 20<span class=\"_ _0\"></span>25, si \u00e8 te<span class=\"_ _0\"></span>nuto cont<span class=\"_ _0\"></span>o anche di qu<span class=\"_ _0\"></span>anto<span class=\"_ _4ac\"> </span></span><span class=\"ls35 ws8e\"> </span>segu<span class=\"_ _0\"></span>e:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws29\">Il <span class=\"_ _20\"> </span><span class=\"ff5 ls11 wsfb\">P<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span></span><span class=\"ff1\"> <span class=\"_ _20\"> </span><span class=\"ls1c ws9a\">del 14 o<span class=\"_ _1\"></span>ttobr<span class=\"_ _1\"></span>e 2025 d<span class=\"_ _1c\"></span>ell\u2019ESMA <span class=\"ff5 ls41 ws346\">\u201c<span class=\"_ _d\"></span>Eur<span class=\"_ _1c\"></span>o<span class=\"_ _0\"></span>pea<span class=\"_ _d\"></span>n<span class=\"_ _0\"></span> co<span class=\"_ _1\"></span>mm<span class=\"_ _0\"></span>on enfor<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _4ac\"> </span></span></span></span></span><span class=\"ff9\"><span class=\"ff1\"><span class=\"ls1c ws9a\"><span class=\"ff5 ls41 ws346\"><span class=\"_ _1c\"></span> </span></span></span></span>p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>ra<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> re<span class=\"_ _13\"></span>po<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>\u201d <span class=\"ff1 ls0 wsfa\">ribadisce alcune r<span class=\"_ _0\"></span>accomandazioni che <span class=\"_ _0\"></span>gli<span class=\"_ _4ac\"> </span></span><span class=\"ff1 ls0 wsfa\"> </span>emittent<span class=\"_ _0\"></span>i dovrebbero seguire ne<span class=\"_ _0\"></span>lla predisposizione de<span class=\"_ _0\"></span>i bilanci rifer<span class=\"_ _0\"></span>iti all\u2019eserc<span class=\"_ _0\"></span>izio 2025;<span class=\"_ _4ac\"> </span> in particolare  richiama l\u2019att<span class=\"_ _0\"></span>enzione (i) sull\u2019importanza che le proiezioni dei flussi di cassa<span class=\"_ _4ac\"> </span> siano r<span class=\"_ _0\"></span>ealistiche<span class=\"_ _0\"></span> e aggiorn<span class=\"_ _0\"></span><span class=\"ws8c\">ate sulla base de<span class=\"_ _0\"></span>ll'evoluzione del co<span class=\"_ _0\"></span>ntesto geopolitico,<span class=\"_ _0\"></span> anche<span class=\"_ _4ac\"> </span></span>nell'am<span class=\"_ _0\"></span>bito delle determinazioni del va<span class=\"_ _0\"></span>lore d'uso delle CGU oggetto di im<span class=\"lsf ws6b\">pairm<span class=\"_ _1\"></span>ent tes<span class=\"_ _1\"></span>t </span>e (ii) sulle<span class=\"_ _0\"></span> priorit\u00e0 inc<span class=\"_ _0\"></span>luse nei report emessi nel cor<span class=\"_ _0\"></span>so degli anni preceden<span class=\"_ _0\"></span>ti,  in particolare in amb<span class=\"_ _1\"></span>ito<span class=\"_ _1\"></span> ESG c<span class=\"_ _1c\"></span>he conti<span class=\"_ _1c\"></span>nuano a<span class=\"_ _1\"></span> ess<span class=\"_ _1\"></span>ere ri<span class=\"_ _1\"></span>leva<span class=\"_ _1c\"></span>nti.<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws104\">il D<span class=\"_ _1\"></span>iscussi<span class=\"_ _1c\"></span>on pap<span class=\"_ _1\"></span>er n. 1/<span class=\"_ _1c\"></span>2022 \u201cImp<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>rment <span class=\"_ _1\"></span>test <span class=\"_ _1\"></span>dei no<span class=\"_ _1\"></span>n fi<span class=\"_ _1\"></span>nanci<span class=\"_ _1\"></span>al<span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls11 ws6c\">as<span class=\"_ _0\"></span>sets (IAS 36) a seguito </span></span></span></span>della guerr<span class=\"_ _0\"></span>a in Ucraina\u201d pubblicat<span class=\"_ _0\"></span>o il 29 giugno 2022 dall\u2019<span class=\"_ _0\"></span>Organismo It<span class=\"_ _0\"></span>aliano di Valu<span class=\"_ _1\"></span>tazion<span class=\"_ _1\"></span>e (\u201cOIV\u201d<span class=\"_ _1\"></span>), c<span class=\"_ _1\"></span>he rip<span class=\"_ _1\"></span>rende i<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>enuti<span class=\"_ _1\"></span> Publi<span class=\"_ _1\"></span>c State<span class=\"_ _1\"></span>ment d<span class=\"_ _1c\"></span>el 13 magg<span class=\"_ _1\"></span>io 2<span class=\"_ _1\"></span>022 dell\u2019ESM<span class=\"_ _0\"></span>A (oggetto del Richiamo di attenzione di Consob del 19 mag<span class=\"ls1c ws26\">gio <span class=\"_ _1\"></span>2022)<span class=\"_ _1\"></span> e fo<span class=\"_ _1\"></span>rnisce<span class=\"_ _4ac\"> </span></span>indicazioni opera<span class=\"_ _0\"></span>tive per trattare l\u2019incertezza dell\u2019attu<span class=\"_ _0\"></span>ale contesto nell\u2019ambito dell\u2019ev<span class=\"_ _1c\"></span>entuale es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1\"></span>o dell\u2019imp<span class=\"_ _1\"></span>airm<span class=\"_ _1\"></span>ent test<span class=\"_ _1\"></span><span class=\"ls1 ws1\">; </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws104\">il d<span class=\"_ _1\"></span>ocum<span class=\"_ _1\"></span>ento \u201c<span class=\"_ _1\"></span>Rec<span class=\"_ _1\"></span>ommend<span class=\"_ _1c\"></span>ations<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> <span class=\"ls30 ws6d\">on A<span class=\"_ _1\"></span>ccou<span class=\"_ _1\"></span>nting<span class=\"_ _1\"></span> for G<span class=\"_ _1\"></span>oodwi<span class=\"_ _1\"></span>ll\u201d e<span class=\"_ _1\"></span>messo<span class=\"_ _1\"></span> da<span class=\"_ _1\"></span>ll\u2019Inte<span class=\"_ _1c\"></span>rnationa<span class=\"_ _1\"></span>l </span></span></span></span>Orga<span class=\"_ _1\"></span>nizati<span class=\"_ _1c\"></span>on of Sec<span class=\"_ _1c\"></span>urities C<span class=\"_ _1c\"></span>ommissi<span class=\"_ _1\"></span>ons (\u201c<span class=\"_ _1\"></span>IOS<span class=\"_ _1\"></span>CO\u201d <span class=\"ls1 ws1\">- <span class=\"_ _86\"></span><span class=\"lsf ws90\">organi<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne inte<span class=\"_ _1\"></span>rnaz<span class=\"_ _1\"></span>ional<span class=\"_ _1\"></span>e che<span class=\"_ _1\"></span> </span></span>riunisce le<span class=\"_ _0\"></span> Autorit\u00e0 di Vigilan<span class=\"_ _0\"></span>za sui mercati fin<span class=\"_ _0\"></span>anziari) del dicem<span class=\"_ _0\"></span>bre 2023, richiamato anche<span class=\"_ _0\"></span> da Conso<span class=\"_ _0\"></span>b, contenente<span class=\"_ _0\"></span> r<span class=\"ls0 ws76\">accomandazioni su<span class=\"_ _0\"></span>lla contabilizzazione de<span class=\"_ _0\"></span>ll\u2019avviamento </span>destinate agli emittent<span class=\"_ _0\"></span>i, agli audit committee (ai responsabili delle attivit\u00e0 di govern<span class=\"_ _0\"></span>ance dell\u2019impre<span class=\"_ _0\"></span>sa) e ai revisori legali. Le raccom<span class=\"_ _0\"></span>andazioni intendono contribuire a migliorare l\u2019affidabilit\u00e0,<span class=\"_ _0\"></span> la<span class=\"ls1 ws1\">  </span>fed<span class=\"_ _1\"></span>ele<span class=\"_ _0\"></span> rappresentazione e la trasparenza dell\u2019<span class=\"_ _0\"></span>informativa finanz<span class=\"_ _0\"></span>iaria sull\u2019av<span class=\"_ _0\"></span>viamento cos\u00ec come contabilizzato e ra<span class=\"_ _0\"></span>ppresentato nei bilanci.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Ai fini del tes<span class=\"_ _0\"></span>t di impairment, gi\u00e0 ogget<span class=\"_ _0\"></span>to di analisi da parte del Comit<span class=\"_ _0\"></span>ato Controlli, Risch<span class=\"_ _0\"></span>i e Sostenibilit\u00e0 e<span class=\"_ _0\"></span> di successiva approv<span class=\"_ _0\"></span>azione da parte del Consiglio di Ammin<span class=\"_ _0\"></span>istrazione di Anima Holding in dat<span class=\"_ _0\"></span>a 4 febbraio 2026, il Gruppo Anima ha utilizzato<span class=\"_ _0\"></span> il<span class=\"ls1 ws1\"> <span class=\"lse ws16\">metodo del valore d\u2019u<span class=\"_ _0\"></span>so per la </span></span>verific<span class=\"_ _0\"></span>a della recuperabilit\u00e0 dell\u2019<span class=\"_ _0\"></span>avviamento e delle<span class=\"_ _0\"></span> altre attivit\u00e0 imm<span class=\"_ _0\"></span>ateriali a vita utile de<span class=\"_ _0\"></span>finita, ten<span class=\"_ _1\"></span>endo <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>to anc<span class=\"_ _1c\"></span>he di<span class=\"_ _1\"></span> quant<span class=\"_ _1c\"></span>o sopra<span class=\"_ _1\"></span> rip<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>ato i<span class=\"_ _1\"></span>n me<span class=\"_ _1\"></span>rito<span class=\"_ _1\"></span> all<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ccoma<span class=\"_ _1c\"></span>ndazi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>ell\u2019E<span class=\"_ _1\"></span>SMA<span class=\"_ _1\"></span> e dell\u2019OI<span class=\"_ _1c\"></span>V.<span class=\"ls1 ws1\"> </span>Al fine dello svolgimento dell\u2019<span class=\"ff5 ls11 ws5\">im<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ff5 ls38 ws77\">te<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t <span class=\"_ _13\"></span></span></span>come disciplinato dallo IAS 36, il Gruppo Anima ha utilizzato<span class=\"_ _0\"></span> il metodo del valore d\u2019uso e<span class=\"_ _0\"></span> le assunzioni aggiorna<span class=\"_ _0\"></span>te che riflettono gli svilu<span class=\"_ _0\"></span>ppi pi\u00f9 recent<span class=\"_ _0\"></span>i e le ultime informazioni disponibili.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>Metod<span class=\"_ _1c\"></span>o: Valore<span class=\"_ _1\"></span> d\u2019us<span class=\"_ _1\"></span>o (<span class=\"ff5 ls41 ws315\">Va<span class=\"_ _d\"></span>l<span class=\"_ _1c\"></span>ue<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _d\"></span>n use<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\">) </span></span>Il valore d\u2019u<span class=\"_ _0\"></span>so \u00e8 determinato attraver<span class=\"_ _0\"></span>so la stima del valore attu<span class=\"_ _0\"></span>ale dei flussi fin<span class=\"_ _0\"></span>anziari futuri che si prevede possano essere generati dalla CGU Anima. Il valore di un\u2019attivit\u00e0 \u00e8 calcolato attraver<span class=\"_ _0\"></span>so l\u2019attualizzazione dei flussi finanziari comprensivi de<span class=\"_ _0\"></span><span class=\"ls31 ws9d\">l valor<span class=\"_ _0\"></span>e termin<span class=\"_ _0\"></span>ale cal<span class=\"_ _0\"></span>colato<span class=\"_ _0\"></span> come </span>una <span class=\"_ _1\"></span>rendi<span class=\"_ _1\"></span>ta p<span class=\"_ _1\"></span>erpe<span class=\"_ _1c\"></span>tua st<span class=\"_ _1\"></span>imata<span class=\"_ _1\"></span> in b<span class=\"_ _1\"></span>ase a<span class=\"_ _1\"></span>d u<span class=\"_ _1\"></span>n fl<span class=\"_ _1\"></span>usso <span class=\"_ _1\"></span>norma<span class=\"_ _1\"></span>lizz<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span> eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte s<span class=\"_ _1c\"></span>ostenib<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>e coer<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> con i<span class=\"_ _1\"></span>l tas<span class=\"_ _1\"></span>so sti<span class=\"_ _1c\"></span>mato di<span class=\"_ _1\"></span> cres<span class=\"_ _1\"></span>cita<span class=\"_ _1\"></span> di lu<span class=\"_ _1c\"></span>ngo te<span class=\"_ _1\"></span>rmine<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Con l\u2019attualiz<span class=\"_ _0\"></span>zazione dei flussi di cassa s<span class=\"_ _0\"></span>i determina l\u2019<span class=\"ff5 ls38 wsae\">En<span class=\"_ _0\"></span>te<span class=\"_ _13\"></span>rpri<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> V<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>lue<span class=\"_ _13\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"ls0 ws0\">della CGU.</span> </span></span>Il metodo di valutazione utiliz<span class=\"_ _0\"></span>zato ai fini della stima del Value in Use \u00e8 <span class=\"_ _1\"></span>il <span class=\"ff5 ls11 ws58\">D<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>s<span class=\"_ _13\"></span>h<span class=\"_ _0\"></span> F<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>w<span class=\"_ _13\"></span> </span>(\u201cDCF\u201d) r<span class=\"_ _0\"></span>iferito ai flussi di reddito della CGU Anima.<span class=\"ls1 ws1\"> </span>I flussi di cas<span class=\"_ _0\"></span>sa<span class=\"ls1 ws1\"> </span>A norma dello<span class=\"_ _0\"></span> IAS 36, le pro<span class=\"_ _0\"></span>iezioni dei flussi fin<span class=\"_ _0\"></span>anziari attesi devono<span class=\"_ _0\"></span> basarsi sul pi\u00f9 recente budget/<span class=\"_ _0\"></span>piano industr<span class=\"_ _0\"></span>iale appro<span class=\"_ _0\"></span>vato dal Gru<span class=\"_ _0\"></span>ppo Anima, nonch\u00e9<span class=\"_ _0\"></span> su presuppo<span class=\"_ _0\"></span>sti ragion<span class=\"_ _0\"></span>evoli e dimostr<span class=\"_ _0\"></span>abili in grado di rappresentare la m<span class=\"_ _0\"></span>igliore stima<span class=\"_ _0\"></span> delle condizio<span class=\"ls35 ws107\">ni e<span class=\"_ _0\"></span>conomich<span class=\"_ _0\"></span>e futur<span class=\"_ _0\"></span>e, </span>attes<span class=\"_ _1c\"></span>e lung<span class=\"_ _1\"></span>o la <span class=\"_ _1\"></span>resta<span class=\"_ _1\"></span>nte v<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span> util<span class=\"_ _1c\"></span>e delle<span class=\"_ _1\"></span> attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0. Pe<span class=\"_ _1\"></span>r la<span class=\"_ _1\"></span> dete<span class=\"_ _1\"></span>rmina<span class=\"_ _1\"></span>zion<span class=\"_ _1c\"></span>e del <span class=\"ff5 ls51 ws44f\">Va<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> i<span class=\"_ _1c\"></span>n us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"ff1 ls1d wsda\">al 31 </span></span>dicembre 2025,<span class=\"_ _0\"></span> le stime prospettiche de<span class=\"_ _0\"></span>i flussi di cassa generat<span class=\"_ _0\"></span>i dalla CGU Anima sono<span class=\"_ _0\"></span> state sviluppate a part<span class=\"_ _0\"></span>ire dalle proiezioni econom<span class=\"ls3d wsc4\">ico<span class=\"_ _0\"></span><span class=\"ls1 ws1\">-<span class=\"ls1d wsc0\">fin<span class=\"_ _0\"></span>anziar<span class=\"_ _0\"></span>ie 2026</span>-<span class=\"_ _0\"></span><span class=\"ls30 ws84\">202<span class=\"_ _1\"></span>8 (\u201c<span class=\"_ _1\"></span>Proiezi<span class=\"_ _1c\"></span>oni\u201d o \u201c<span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio </span></span></span>Base\u201d), approv<span class=\"_ _0\"></span>ate dal Consiglio di Amministraz<span class=\"_ _0\"></span>ione della Societ\u00e0 in data 26 settembre 2025.<span class=\"_ _0\"></span> Tali valori sono<span class=\"_ _0\"></span> stati opportunamente esaminati su<span class=\"_ _0\"></span>lla base di presuppo<span class=\"_ _0\"></span>sti ragionevoli e dimostr<span class=\"_ _0\"></span>abili, al fine di<span class=\"ls1 ws1\"> <span class=\"ls30 ws84\">riflette<span class=\"_ _1\"></span>re i ris<span class=\"_ _1c\"></span>ultati <span class=\"_ _1\"></span>nel fra<span class=\"_ _1c\"></span>ttempo <span class=\"_ _1\"></span>consu<span class=\"_ _1\"></span>ntiva<span class=\"_ _1\"></span>ti e s<span class=\"_ _1\"></span>volg<span class=\"_ _1\"></span>endo l<span class=\"_ _1\"></span>e opp<span class=\"_ _1\"></span>ortu<span class=\"_ _1\"></span>ne </span></span>anal<span class=\"_ _1\"></span>isi d<span class=\"_ _1\"></span>i sens<span class=\"_ _1\"></span>itiv<span class=\"_ _1\"></span>it\u00e0 v<span class=\"_ _1\"></span>olte<span class=\"_ _1\"></span> ad ap<span class=\"_ _1\"></span>prez<span class=\"_ _1\"></span>zare <span class=\"_ _1c\"></span>eventua<span class=\"_ _1\"></span>li i<span class=\"_ _1\"></span>mpatti<span class=\"_ _1c\"></span>, sulle a<span class=\"_ _1c\"></span>ssunzi<span class=\"_ _1\"></span>oni so<span class=\"_ _1c\"></span>ttosta<span class=\"_ _1\"></span>nti le<span class=\"_ _1\"></span> stim<span class=\"_ _1c\"></span>e effettuate,<span class=\"_ _0\"></span> derivanti dall\u2019incerte<span class=\"_ _0\"></span>zza e la volatilit\u00e0 che caratterizza l\u2019attu<span class=\"_ _0\"></span>ale<span class=\"ls1 ws1\"> <span class=\"_ _2b7\"> </span><span class=\"ls31 ws5c\">contes<span class=\"_ _0\"></span>to </span></span>macro<span class=\"_ _1\"></span>eco<span class=\"_ _1\"></span>nomic<span class=\"_ _1\"></span>o e di <span class=\"_ _1\"></span>settor<span class=\"_ _1\"></span>e, svi<span class=\"_ _1\"></span>luppa<span class=\"_ _1\"></span>ndo o<span class=\"_ _1\"></span>pport<span class=\"_ _1\"></span>uni sc<span class=\"_ _1\"></span>enari <span class=\"_ _1\"></span>peggi<span class=\"_ _1c\"></span>orativi<span class=\"_ _1\"></span> che in<span class=\"_ _1\"></span>corpo<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>o anche specifiche<span class=\"_ _0\"></span> considerazioni legate al <span class=\"ff5 ls11 ws19\">c<span class=\"_ _0\"></span>lim<span class=\"_ _13\"></span>ate<span class=\"_ _11\"></span> c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> ris<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span>Tasso di attualizza<span class=\"_ _0\"></span>zione<span class=\"ls1 ws1\"> </span>Nel determinare il <span class=\"ff5 ls51 ws66\">V<span class=\"_ _0\"></span>a<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>ue<span class=\"_ _13\"></span> i<span class=\"_ _1\"></span>n us<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span><span class=\"ff1 ls0 wsb9\">, i flussi finanziari devono essere attualizzat<span class=\"_ _0\"></span>i ad un tasso che </span></span>incorpori s<span class=\"_ _0\"></span>ia il valore temporale del denaro<span class=\"_ _0\"></span> che i rischi propri dell\u2019attiv<span class=\"_ _0\"></span>it\u00e0 svolta. <span class=\"ls1 ws1\"> </span>Il tass<span class=\"_ _1c\"></span>o di attual<span class=\"_ _1\"></span>izzaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e \u00e8 sta<span class=\"_ _1\"></span>to det<span class=\"_ _1\"></span>ermina<span class=\"_ _1c\"></span>to in base<span class=\"_ _1\"></span> alla m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>a del c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>medio pond<span class=\"_ _1\"></span>erato d<span class=\"_ _1c\"></span>el capita<span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>(<span class=\"ff5 ls40 ws12e\">W<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>i<span class=\"_ _1c\"></span>ghte<span class=\"_ _13\"></span>d A<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>ge<span class=\"_ _0\"></span> Cos<span class=\"_ _0\"></span>t of Capi<span class=\"_ _d\"></span>tal<span class=\"_ _1c\"></span> <span class=\"ff1 ls1 ws1\">- <span class=\"_ _15\"> </span><span class=\"ls11 ws12b\">\u201cWACC\u201d). Il WACC consente di </span></span></span>individuare il t<span class=\"_ _0\"></span>asso rappresentativo<span class=\"_ _0\"></span> del costo medio ponderato del capit<span class=\"_ _0\"></span>ale ed esprime<span class=\"_ _0\"></span> la remunerazione<span class=\"_ _0\"></span> richiesta dagli invest<span class=\"_ _0\"></span>itori per un\u2019opera<span class=\"_ _0\"></span>zione di acquisto<span class=\"_ _0\"></span>, a normali condizion<span class=\"_ _0\"></span>i di merca<span class=\"_ _1\"></span>to, di u<span class=\"_ _1\"></span>n\u2019attiv<span class=\"_ _1\"></span>it\u00e0 si<span class=\"_ _1\"></span>mile ri<span class=\"_ _1\"></span>spett<span class=\"_ _1\"></span><span class=\"ls11 ws29\">o a quella oggetto di valutazione.<span class=\"ls1 ws1\"> </span></span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, i<span class=\"_ _1\"></span>l WAC<span class=\"_ _1\"></span>C <span class=\"ls1 ws1\">\u00e8 <span class=\"lsf ws1f\">sta<span class=\"_ _1c\"></span>to calc<span class=\"_ _1c\"></span>olato ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cand<span class=\"_ _1\"></span>o la s<span class=\"_ _1\"></span>egue<span class=\"_ _1\"></span>nte f<span class=\"_ _1\"></span>orm<span class=\"_ _1\"></span>ula: <span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></span>WACC=Ke * (E/(D+E)) + Kd * (D/(D+E)) * (1<span class=\"ls1 ws1\">-</span><span class=\"ws5\">t) <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Dove:<span class=\"ls1 ws1\"> </span>Kd= <span class=\"ff1 lse ws16\">costo del<span class=\"_ _0\"></span> debito<span class=\"ls1 ws1\"> </span></span>(E/(D+E) e (D/(D+E)<span class=\"ff1\">: rappresenta la struttura finanziaria in termini di combinazione di capitale <span class=\"ls1 ws1\"> </span></span>(E: Equity) e debito (D: Debt). <span class=\"ls1 ws1\"> </span>Tenu<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>ella<span class=\"_ _1\"></span> spec<span class=\"_ _1\"></span>ifica<span class=\"_ _1\"></span> stru<span class=\"_ _1\"></span>ttura<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1c\"></span>ria del G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1c\"></span>ma, cont<span class=\"_ _1\"></span>radd<span class=\"_ _1\"></span>isti<span class=\"_ _1\"></span>nta d<span class=\"_ _1\"></span>a una<span class=\"_ _1c\"></span> posi<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> finanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>tta ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rese<span class=\"_ _1\"></span>ntata<span class=\"_ _1\"></span> da ca<span class=\"_ _1c\"></span>ssa, il<span class=\"_ _1\"></span> WAC<span class=\"_ _1\"></span>C de<span class=\"_ _1c\"></span>termina<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span>l ma<span class=\"_ _1c\"></span>nageme<span class=\"_ _1\"></span>nt d<span class=\"_ _1\"></span>ella<span class=\"_ _1c\"></span> Socie<span class=\"_ _1c\"></span>t\u00e0 risul<span class=\"_ _1\"></span>ta pari<span class=\"_ _1\"></span> al c<span class=\"_ _1\"></span>osto d<span class=\"_ _1\"></span>el capi<span class=\"_ _1\"></span>tale p<span class=\"_ _1c\"></span>roprio (<span class=\"_ _1\"></span>Ke), <span class=\"_ _1\"></span>metod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>a ut<span class=\"ls0 ws76\">ilizzata dal Gruppo Anima </span>nei pre<span class=\"_ _1\"></span>cedenti<span class=\"_ _1\"></span> esercizi<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>Perta<span class=\"_ _0\"></span>nto: <span class=\"ls1 ws1\"> </span>Ke<span class=\"ff1 ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ff16 ls1e4 ws450\">=<span class=\"_ _13\"></span> <span class=\"_ _1c\"></span>R<span class=\"_ _0\"></span>f<span class=\"_ _13\"></span> <span class=\"_ _d\"></span>+<span class=\"_ _13\"></span> <span class=\"_ _1c\"></span>\u03b2<span class=\"_ _13\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls0 ws5f\">* ERP rappresent<span class=\"_ _0\"></span>a il costo del capitale,<span class=\"_ _0\"></span> calcolato secondo il mo<span class=\"_ _0\"></span>dello del Capital Asset </span></span></span></span>Pricing Model (\u201cCAPM\u201d), in base al quale il rendimento di un\u2019att<span class=\"_ _0\"></span>ivit\u00e0 rischiosa \u00e8 pari alla somma tra u<span class=\"_ _1\"></span>n tass<span class=\"_ _1\"></span>o priv<span class=\"_ _1c\"></span>o di rischi<span class=\"_ _1c\"></span>o (Rf) ed<span class=\"_ _1\"></span> un ad<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ato pre<span class=\"_ _1\"></span>mio p<span class=\"_ _1\"></span>er il ri<span class=\"_ _1\"></span>schi<span class=\"_ _1c\"></span>o, determi<span class=\"_ _1c\"></span>nato in b<span class=\"_ _1\"></span>ase all\u2019indicato<span class=\"_ _0\"></span>re <span class=\"ff16 ls1 ws1\">\u03b2</span><span class=\"lsf ws17\">. In pa<span class=\"_ _1\"></span>rtic<span class=\"_ _1\"></span>olar<span class=\"_ _1\"></span>e:<span class=\"ls1 ws1\"> </span></span>Rf<span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls0 ws76\">= tasso di rendimento delle attivit\u00e0 prive di rischio determinato come media degli ultimi 12 </span></span>mesi d<span class=\"_ _1\"></span>el rendi<span class=\"_ _1c\"></span>mento lor<span class=\"_ _1\"></span>do men<span class=\"_ _1\"></span>sile del<span class=\"_ _1\"></span> BTP I<span class=\"_ _1\"></span>tali<span class=\"_ _1\"></span>a decen<span class=\"_ _1\"></span>nale (<span class=\"_ _1\"></span>Banca d<span class=\"_ _1\"></span>\u2019Ital<span class=\"_ _1\"></span>ia, di<span class=\"_ _1\"></span>cembre <span class=\"_ _1\"></span>2025) p<span class=\"_ _1\"></span>ari al 3,5<span class=\"_ _0\"></span>7% (3,7<span class=\"_ _0\"></span>1% al<span class=\"_ _0\"></span> 31 dicem<span class=\"_ _0\"></span>bre 202<span class=\"_ _0\"></span>4); <span class=\"ls1 ws1\"> </span>ERP<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls30 ws84\">= extra<span class=\"_ _1\"></span> rendi<span class=\"_ _1\"></span>mento med<span class=\"_ _1\"></span>io d<span class=\"_ _1\"></span>el merca<span class=\"_ _1c\"></span>to (<span class=\"ff5 ls11 ws141\">E<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>iu<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span></span><span class=\"lsf ws6e\">), dete<span class=\"_ _1c\"></span>rminato<span class=\"_ _1c\"></span> sulla b<span class=\"_ _1\"></span>ase<span class=\"_ _1\"></span> del<span class=\"_ _1c\"></span> </span></span></span>differenz<span class=\"_ _0\"></span>iale di rendimento di lun<span class=\"_ _0\"></span>go periodo tra i titoli azion<span class=\"_ _0\"></span>ari e obbligazionar<span class=\"_ _0\"></span>i. Nell\u2019esercizio 2025 <span class=\"_ _1\"></span>\u00e8 stat<span class=\"_ _1\"></span>o fatto ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>iment<span class=\"_ _1\"></span>o alle s<span class=\"_ _1\"></span>time f<span class=\"_ _1\"></span>orni<span class=\"_ _1\"></span>te da A. D<span class=\"_ _1\"></span>amoda<span class=\"_ _1c\"></span>ran, ed i<span class=\"_ _1\"></span>n partic<span class=\"_ _1c\"></span>olare \u00e8 sta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> considerato<span class=\"_ _0\"></span> il valore medio<span class=\"_ _0\"></span> tra i<span class=\"ls30 wsaa\">l para<span class=\"_ _1\"></span>metr<span class=\"_ _1\"></span>o massi<span class=\"_ _1\"></span>mo e mi<span class=\"_ _1\"></span>nimo s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>ti per i<span class=\"_ _1\"></span>l peri<span class=\"_ _1c\"></span>odo 201<span class=\"_ _1\"></span>5<span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span></span>2025<span class=\"_ _1\"></span>. L\u2019ER<span class=\"_ _1\"></span>P s<span class=\"_ _1c\"></span>timato d<span class=\"_ _1\"></span>a D<span class=\"_ _1\"></span>amod<span class=\"_ _1\"></span>aran <span class=\"_ _1\"></span>ha m<span class=\"_ _1\"></span>ostr<span class=\"_ _1\"></span>ato u<span class=\"_ _1\"></span>n and<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto d<span class=\"_ _1\"></span>ecr<span class=\"_ _1\"></span>escen<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span>l 6,<span class=\"_ _1\"></span>12% d<span class=\"_ _1\"></span>i dice<span class=\"_ _0\"></span>mbre 20<span class=\"_ _0\"></span>15 al 4,23%<span class=\"_ _0\"></span> di fine<span class=\"_ _0\"></span> 2025. Per<span class=\"_ _0\"></span>tanto<span class=\"_ _0\"></span>, line<span class=\"_ _0\"></span>a co<span class=\"ls32 wse1\">n<span class=\"_ _0\"></span> le r<span class=\"_ _0\"></span>acc<span class=\"_ _0\"></span>oman<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i fo<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span> da E<span class=\"_ _0\"></span>SMA<span class=\"_ _0\"></span> </span>dove si r<span class=\"_ _0\"></span>ibadisce agli emittent<span class=\"_ _0\"></span>i di tenere in<span class=\"_ _0\"></span> considerazione il risch<span class=\"_ _0\"></span>io legato alla m<span class=\"_ _0\"></span>aggiore ince<span class=\"_ _1\"></span>rtezz<span class=\"_ _1\"></span>a s<span class=\"_ _1\"></span>ui me<span class=\"_ _1\"></span>rcati<span class=\"_ _1\"></span>, il<span class=\"_ _1\"></span> Grupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma ha<span class=\"_ _1c\"></span> fatto ri<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>o ad un E<span class=\"_ _1\"></span>RP p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span>l 5,2<span class=\"_ _1\"></span>0%. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Si seg<span class=\"_ _1\"></span>nala ch<span class=\"_ _1\"></span>e nell\u2019<span class=\"_ _1\"></span>eserci<span class=\"_ _1\"></span>zio pr<span class=\"_ _1\"></span>ecede<span class=\"_ _1\"></span>nte era sta<span class=\"_ _1\"></span>to inve<span class=\"_ _1\"></span>ce cons<span class=\"_ _1\"></span>iderat<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>arame<span class=\"_ _1\"></span>tro ERP p<span class=\"_ _1\"></span>ari al<span class=\"_ _1\"></span> 5,50%, in line<span class=\"_ _0\"></span>a con le osservazioni mediamente applicabili dalla prass<span class=\"_ _0\"></span>i profession<span class=\"_ _0\"></span>ale;<span class=\"_ _4ac\"> </span>\u03b2<span class=\"ff1\">  <span class=\"ls0 wsc6\">(B<span class=\"_ _0\"></span>eta)= fattore di corr<span class=\"_ _0\"></span>elazione tra il re<span class=\"_ _0\"></span>ndimento effettivo di un<span class=\"_ _0\"></span>\u2019azione e il rendim<span class=\"_ _0\"></span>ento </span></span>compless<span class=\"_ _0\"></span>ivo del mercato di riferimento<span class=\"_ _0\"></span> (misura della volatilit\u00e0 di un<span class=\"_ _0\"></span> titolo rispetto al mercato), determi<span class=\"_ _0\"></span>nato considerando<span class=\"_ _0\"></span> il beta <span class=\"ff5 ls54 ws15f\">l<span class=\"_ _d\"></span>eve<span class=\"_ _1\"></span>r<span class=\"_ _1c\"></span>ed<span class=\"_ _1\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"ls30 wsaa\">di Ani<span class=\"_ _1\"></span>ma Holdi<span class=\"_ _1c\"></span>ng con un peri<span class=\"_ _1\"></span>odo di os<span class=\"_ _1\"></span>servaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e </span></span></span>quinq<span class=\"_ _1\"></span>uennal<span class=\"_ _1\"></span>e e un<span class=\"_ _1\"></span>a fre<span class=\"_ _1\"></span>quenza d<span class=\"_ _1\"></span>i ril<span class=\"_ _1\"></span>evazio<span class=\"_ _1\"></span>ne se<span class=\"_ _1\"></span>ttima<span class=\"_ _1\"></span>nale, p<span class=\"_ _1\"></span>ari a <span class=\"_ _1\"></span>1 (1,15<span class=\"_ _1\"></span> al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>24).<span class=\"ls1 ws1\"> </span>Ai fini del calco<span class=\"_ _0\"></span>lo del terminal value viene ut<span class=\"_ _0\"></span>ilizzato un tasso di crescita in<span class=\"_ _0\"></span> <span class=\"ff5 ls38 ws77\">pe<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ity <span class=\"_ _11\"></span></span>in linea con l<span class=\"_ _1\"></span>e stim<span class=\"_ _1\"></span>e di i<span class=\"_ _1\"></span>nflazi<span class=\"_ _1\"></span>one e d<span class=\"_ _1\"></span>i cr<span class=\"_ _1\"></span>escita d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>onsumi<span class=\"_ _1\"></span> attes<span class=\"_ _1\"></span>e di l<span class=\"_ _1\"></span>ungo p<span class=\"_ _1c\"></span>eriodo fo<span class=\"_ _1\"></span>rnit<span class=\"_ _1\"></span>e da au<span class=\"_ _1\"></span>torev<span class=\"_ _1\"></span>oli fonti<span class=\"_ _1\"></span> ester<span class=\"_ _1\"></span>ne (F<span class=\"_ _1\"></span>ondo M<span class=\"_ _1\"></span>oneta<span class=\"_ _1\"></span>rio I<span class=\"_ _1\"></span>nterna<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nale, P<span class=\"_ _1\"></span>rome<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>eia,<span class=\"_ _1\"></span> BCE, O<span class=\"_ _1\"></span>xfo<span class=\"_ _1\"></span>rd Eco<span class=\"_ _1\"></span>nomi<span class=\"_ _1\"></span>cs e Ba<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span> d\u2019Italia). <span class=\"ls1 ws1\"> </span>Sulla<span class=\"_ _1\"></span> bas<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>e fo<span class=\"_ _1\"></span>nti so<span class=\"_ _1c\"></span>pra ripo<span class=\"_ _1\"></span>rtat<span class=\"_ _1\"></span>e, te<span class=\"_ _1\"></span>nuto c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>o del <span class=\"_ _1\"></span>tasso d<span class=\"_ _1c\"></span>i inflaz<span class=\"_ _1\"></span>ione <span class=\"_ _1\"></span>targ<span class=\"_ _1\"></span>et fis<span class=\"_ _1\"></span>sato<span class=\"_ _1\"></span> da BC<span class=\"_ _1\"></span>E nel m<span class=\"_ _0\"></span>edio<span class=\"ls1 ws1\">-<span class=\"ls30 ws93\">lung<span class=\"_ _1c\"></span>o period<span class=\"_ _1\"></span>o per l\u2019A<span class=\"_ _1c\"></span>rea Euro<span class=\"_ _1\"></span>, il tas<span class=\"_ _1c\"></span>so di cresci<span class=\"_ _1c\"></span>ta di lung<span class=\"_ _1c\"></span>o periodo si<span class=\"_ _1\"></span> coll<span class=\"_ _1\"></span>oca in <span class=\"_ _1\"></span>un </span></span>rang<span class=\"_ _1\"></span>e tra l<span class=\"_ _1\"></span>\u20191,9<span class=\"_ _1\"></span>% e il 2<span class=\"_ _1c\"></span>,1%. Il G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Anima<span class=\"_ _1\"></span> ha <span class=\"_ _1\"></span>deciso<span class=\"_ _1\"></span> di ad<span class=\"_ _1\"></span>ot<span class=\"lsf ws1f\">ta<span class=\"_ _1\"></span>re un <span class=\"_ _1\"></span>tass<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>cresci<span class=\"_ _1c\"></span>ta pari a<span class=\"_ _1\"></span>l 2<span class=\"_ _1\"></span>%.<span class=\"ls1 ws1\"> </span></span>Acca<span class=\"_ _0\"></span>nto allo \u201c<span class=\"_ _0\"></span>Scenari<span class=\"_ _0\"></span>o Base\u201d ri<span class=\"_ _0\"></span>tenuto ma<span class=\"_ _0\"></span>ggiorme<span class=\"_ _0\"></span>nte prob<span class=\"_ _0\"></span>abile, son<span class=\"_ _0\"></span>o stat<span class=\"_ _0\"></span>i elaborat<span class=\"_ _0\"></span>i uno scena<span class=\"_ _1c\"></span>rio migl<span class=\"_ _1\"></span>iorati<span class=\"_ _1\"></span>vo (c<span class=\"_ _1c\"></span>d \u201cScena<span class=\"_ _1\"></span>rio <span class=\"_ _1\"></span>Favor<span class=\"_ _1\"></span>evole\u201d<span class=\"_ _1c\"></span>) ed u<span class=\"_ _1\"></span>no peg<span class=\"_ _1\"></span>giora<span class=\"_ _1\"></span>tivo (<span class=\"_ _1c\"></span>cd \u201cSc<span class=\"_ _1\"></span>enari<span class=\"_ _1c\"></span>o Avvers<span class=\"_ _1\"></span>o\u201d), a<span class=\"_ _1c\"></span> cui sono state asse<span class=\"_ _0\"></span>gnate le seguenti rispettive probabilit<span class=\"_ _0\"></span>\u00e0 di accadiment<span class=\"ls1d wsff\">o: 50%<span class=\"_ _0\"></span> Scenar<span class=\"_ _0\"></span>io Base, </span>30% <span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio Av<span class=\"_ _1\"></span>vers<span class=\"_ _1\"></span>o e 20% <span class=\"_ _1\"></span>Scena<span class=\"_ _1\"></span>rio f<span class=\"_ _1\"></span>avore<span class=\"_ _1\"></span>vole<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Si riporta un<span class=\"_ _0\"></span>a sintesi delle principali assun<span class=\"_ _0\"></span>zioni alla base dei due Scenari Altern<span class=\"_ _0\"></span>ativi.<span class=\"ls1 ws1\"> </span>Scenario Avverso<span class=\"ls1 ws1\"> </span>Lo Sc<span class=\"_ _1\"></span>enario<span class=\"_ _1c\"></span> Avvers<span class=\"_ _1\"></span>o \u00e8 sta<span class=\"_ _1\"></span>to pred<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>osto co<span class=\"_ _1\"></span>nside<span class=\"_ _1\"></span>rand<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>eggiora<span class=\"_ _1c\"></span>mento si<span class=\"_ _1\"></span>mul<span class=\"_ _1\"></span>taneo <span class=\"_ _1\"></span>di di<span class=\"_ _1\"></span>vers<span class=\"_ _1\"></span>e grandezze<span class=\"_ _0\"></span> rispetto alle Proiezioni, in part<span class=\"_ _0\"></span>icolare sono state previste<span class=\"_ _0\"></span>:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita infer<span class=\"_ _0\"></span>iore degli AUM attesi nel 2028 di circa </span>-<span class=\"ls1d ws2b\">5%;</span> -<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita delle<span class=\"_ _0\"></span> commissioni nette pi\u00f9 contenuta (r<span class=\"_ _0\"></span>iduzione del CAGR 25</span>-<span class=\"ls1d ws85\">28 di </span>-<span class=\"ls1c ws27\">1,7%);<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">commissioni di performance dime<span class=\"_ _0\"></span>zzate rispetto alle att<span class=\"_ _0\"></span>ese delle Proiezioni;</span> -<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">costi operativi comple<span class=\"_ _0\"></span>ssivamente in linea con quanto<span class=\"_ _0\"></span> atteso;</span> -<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">flessione degli ut<span class=\"_ _0\"></span>ili attesi stimati nel 2028 di circa </span>-<span class=\"ls1d ws2b\">17%<span class=\"_ _0\"></span>;</span> Scena<span class=\"_ _1\"></span>rio Fa<span class=\"_ _1\"></span>vorev<span class=\"_ _1c\"></span>ole<span class=\"ls1 ws1\"> </span>Lo Sc<span class=\"_ _1\"></span>enari<span class=\"_ _1\"></span>o Fav<span class=\"_ _1\"></span>orevol<span class=\"_ _1c\"></span>e \u00e8 sta<span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>edisp<span class=\"_ _1\"></span>osto c<span class=\"_ _1c\"></span>onsidera<span class=\"_ _1\"></span>ndo <span class=\"_ _1\"></span>un mig<span class=\"_ _1\"></span>liora<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o sim<span class=\"_ _1\"></span>ulta<span class=\"_ _1\"></span>neo di<span class=\"_ _1\"></span> diverse gr<span class=\"_ _0\"></span>andezze rispetto ai dati prevision<span class=\"_ _0\"></span>ali, prevedendo in part<span class=\"_ _0\"></span>icolare:<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws1f\">una<span class=\"_ _1\"></span> cres<span class=\"_ _1\"></span>cita p<span class=\"_ _1\"></span>i\u00f9 s<span class=\"_ _1\"></span>oste<span class=\"_ _1\"></span>nuta<span class=\"_ _1\"></span> degl<span class=\"_ _1\"></span>i AUM d<span class=\"_ _1c\"></span>i circa i<span class=\"_ _1\"></span>l 2%<span class=\"_ _1c\"></span>;<span class=\"ls1 ws1\"> </span></span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws28\">un</span> <span class=\"_ _11\"></span><span class=\"ls35 ws114\">incremen<span class=\"_ _0\"></span>to pi\u00f9 soste<span class=\"_ _0\"></span>nuto<span class=\"_ _0\"></span> delle commiss<span class=\"_ _0\"></span>ioni nette<span class=\"_ _0\"></span> (increm<span class=\"_ _0\"></span>ento del CAG<span class=\"_ _0\"></span>R 25</span>-<span class=\"ls1c ws155\">28 d<span class=\"_ _1\"></span>i </span>+0,<span class=\"_ _0\"></span>2%);<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 wsfe\">commissioni di per<span class=\"_ _0\"></span>formance e costi operativi comples<span class=\"_ _0\"></span>sivamente in linea con qu<span class=\"_ _0\"></span>anto </span>atteso n<span class=\"_ _0\"></span>elle Proie<span class=\"_ _0\"></span>zioni;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls0 ws0\">una crescita degli utili ne<span class=\"_ _0\"></span>tti attesi del 1%.</span> Ai f<span class=\"_ _1\"></span>ini de<span class=\"_ _1\"></span>lla sti<span class=\"_ _1c\"></span>ma del V<span class=\"_ _1\"></span>alue i<span class=\"_ _1c\"></span>n Use del<span class=\"_ _1\"></span>la CG<span class=\"_ _1\"></span>U Ani<span class=\"_ _1\"></span>ma, c<span class=\"_ _1\"></span>oere<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e con q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to fa<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>nche<span class=\"_ _1\"></span> dalla Capogru<span class=\"_ _0\"></span>ppo Banco BPM, la Societ\u00e0 ha sviluppato il meto<span class=\"_ _0\"></span>do DCF sulla base delle proiezioni econ<span class=\"_ _1\"></span>omic<span class=\"_ _1c\"></span>he/fina<span class=\"_ _1\"></span>nziar<span class=\"_ _1\"></span>ie <span class=\"_ _1\"></span>conte<span class=\"_ _1c\"></span>nute sia<span class=\"_ _1c\"></span> (i) nel<span class=\"_ _1\"></span>le P<span class=\"_ _1c\"></span>roiezi<span class=\"_ _1c\"></span>oni con<span class=\"_ _1\"></span> lo <span class=\"_ _1c\"></span>Scena<span class=\"ls0 wsae\">rio <span class=\"_ _1\"></span>Base, (ii) nello Scenario </span>Avverso e<span class=\"_ _0\"></span> (iii) ne<span class=\"_ _0\"></span>llo Scenario F<span class=\"_ _0\"></span>avorevole.<span class=\"ls1 ws1\"> </span>I Val<span class=\"_ _1c\"></span>ue in us<span class=\"_ _1\"></span>e dete<span class=\"_ _1c\"></span>rminati<span class=\"_ _1\"></span>, risp<span class=\"_ _1c\"></span>etto all<span class=\"_ _1c\"></span>o Scena<span class=\"_ _1c\"></span>rio Bas<span class=\"_ _1\"></span>e, ha<span class=\"_ _1\"></span>nno <span class=\"_ _1\"></span>evid<span class=\"_ _1\"></span>enzi<span class=\"_ _1\"></span>ato:<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"ls30 ws27\">Scena<span class=\"_ _1c\"></span>rio Avve<span class=\"_ _1\"></span>rso <span class=\"_ _1\"></span>un de<span class=\"_ _1\"></span>creme<span class=\"_ _1\"></span>nto di<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">-</span><span class=\"ls1c\">15,2%<span class=\"_ _1c\"></span>;<span class=\"ls1 ws1\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _89\"> </span></span><span class=\"lsf ws1f\">Scena<span class=\"_ _1c\"></span>rio Fav<span class=\"_ _1c\"></span>orevole<span class=\"_ _1\"></span> un <span class=\"_ _1\"></span>incre<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to di<span class=\"_ _1\"></span> 0,7%.<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span>Il Valu<span class=\"_ _1\"></span>e in Us<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>a CGU Ani<span class=\"_ _1c\"></span>ma \u00e8 stato i<span class=\"_ _1\"></span>nfine d<span class=\"_ _1c\"></span>etermina<span class=\"_ _1\"></span>to in f<span class=\"_ _1\"></span>unzi<span class=\"_ _1\"></span>one del v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e medio<span class=\"_ _1\"></span> ponderato<span class=\"_ _0\"></span> risultante dall\u2019applicazione<span class=\"_ _0\"></span> del metodo DCF<span class=\"_ _0\"></span> nei tre scenari sopr<span class=\"_ _0\"></span>a descritti, pes<span class=\"_ _0\"></span>ando lo Sce<span class=\"_ _1c\"></span>nario Bas<span class=\"_ _1c\"></span>e al 50%<span class=\"_ _1c\"></span>, lo Sce<span class=\"_ _1\"></span>nario A<span class=\"_ _1\"></span>vvers<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>30% e l<span class=\"_ _1\"></span>o Sce<span class=\"_ _1\"></span>nari<span class=\"_ _1\"></span>o favo<span class=\"_ _1\"></span>rev<span class=\"ls1d ws85\">ole al 20%<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span><span class=\"ls1d ws85\"><span class=\"ls1 ws1\"> </span></span>Esiti dell\u2019<span class=\"_ _0\"></span><span class=\"ff5 ls48 ws172\">i<span class=\"_ _d\"></span>mp<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>i<span class=\"_ _d\"></span>r<span class=\"_ _1c\"></span>ment<span class=\"_ _1c\"></span> t<span class=\"_ _1c\"></span>est<span class=\"_ _1c\"></span><span class=\"ff1 ls1 ws1\"> </span></span>Gli esit<span class=\"_ _0\"></span>i dell\u2019<span class=\"ff5 ls11 wse1\">im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>airm<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span></span>non hanno evidenziat<span class=\"_ _0\"></span>o perdite di valore degli avviam<span class=\"_ _0\"></span>enti e degli intangibili a vit<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>ut<span class=\"_ _0\"></span>ile definita, sia nello scenario di riferimento che negli altri ipotizzati, con un re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ra<span class=\"_ _1c\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _13\"></span> a<span class=\"_ _1c\"></span>m<span class=\"_ _13\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span><span class=\"ff1 ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws8b\">de<span class=\"_ _1\"></span>lla CGU Anima superiore al valore di <span class=\"ff5 ls39 ws451\">c<span class=\"_ _13\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _13\"></span>y<span class=\"_ _13\"></span>in<span class=\"_ _13\"></span>g<span class=\"_ _13\"></span> am<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span></span>e<span class=\"_ _0\"></span>videnziata nel </span></span>pres<span class=\"_ _1\"></span>ente B<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>ncio c<span class=\"_ _1\"></span>onso<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>to. Si p<span class=\"_ _1\"></span>recis<span class=\"_ _1\"></span>a in<span class=\"_ _1\"></span>oltr<span class=\"_ _1\"></span>e che il<span class=\"_ _1\"></span> test d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>airm<span class=\"_ _1\"></span>ent \u00e8 <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>tato s<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>rato<span class=\"_ _1c\"></span> anch<span class=\"_ _0\"></span>e ponendo<span class=\"_ _0\"></span> il valore<span class=\"_ _0\"></span> recuper<span class=\"_ _0\"></span>abile<span class=\"_ _0\"></span> a confron<span class=\"_ _0\"></span>to con il<span class=\"_ _0\"></span> valore de<span class=\"_ _0\"></span>l patrimo<span class=\"_ _0\"></span>nio nett<span class=\"_ _0\"></span>o.<span class=\"ls1 ws1\"> </span>Nell\u2019ambito<span class=\"_ _0\"></span> delle analisi svolte, a fronte anche de<span class=\"_ _0\"></span>lle sopracitate raccoman<span class=\"_ _0\"></span>dazioni ESMA, si precis<span class=\"_ _0\"></span>a che ad oggi non si evidenziano im<span class=\"_ _0\"></span>patti rilevanti sul bu<span class=\"_ _0\"></span>siness e sulle prospettive fut<span class=\"_ _0\"></span>ure dell<span class=\"_ _1\"></span>a Soci<span class=\"_ _1\"></span>et\u00e0 e d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma in amb<span class=\"_ _1c\"></span>ito <span class=\"ff5 ls11 ws58\">c<span class=\"_ _0\"></span>lim<span class=\"_ _13\"></span>ate<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> ris<span class=\"_ _13\"></span>k<span class=\"_ _0\"></span><span class=\"ff1 ls0 ws8c\">, anche in<span class=\"_ _0\"></span> considerazione della </span></span>centralit<span class=\"_ _0\"></span>\u00e0 della strategia ESG<span class=\"_ _0\"></span> esistente a livello di Gr<span class=\"_ _0\"></span>uppo Anima come opportun<span class=\"_ _0\"></span>it\u00e0 di crescita del busine<span class=\"_ _1\"></span>ss.<span class=\"ls1\"> </span>Si segnala che ai fin<span class=\"_ _0\"></span>i delle analisi di <span class=\"ff5 ls11 ws5\">s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\">: </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wsb9\">considerando<span class=\"_ _0\"></span> l\u2019utilizzo del tasso di attualizzaz<span class=\"_ _0\"></span>ione complessivo Ke al 10,76%, il v<span class=\"_ _0\"></span>alore<span class=\"_ _1\"></span> </span></span>recup<span class=\"_ _1\"></span>erabil<span class=\"_ _1\"></span>e si rid<span class=\"_ _1c\"></span>uce del 1<span class=\"_ _1\"></span>9,78%<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws76\">considerando<span class=\"_ _0\"></span> l\u2019utilizzo del t<span class=\"_ _0\"></span>asso di crescit<span class=\"_ _0\"></span>a in perpetuit<span class=\"_ _0\"></span>y all\u20191%, il valore<span class=\"_ _0\"></span> recuperabile si </span></span>riduc<span class=\"_ _1\"></span>e del 9,84%<span class=\"_ _1\"></span>;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws5f\">nel caso pi\u00f9 estremo dell\u2019analisi di sensit<span class=\"_ _0\"></span>ivit\u00e0 considerando congiuntamente l\u2019utilizzo<span class=\"_ _0\"></span> del </span></span>tasso di attualizzazion<span class=\"_ _0\"></span>e complessivo Ke al 10,76% e del tasso di crescita in perpetuity all\u20191%, il valor<span class=\"_ _0\"></span>e recuperabile si riduce del 25,61%;<span class=\"ls1 ws1\"> </span>Nel co<span class=\"_ _1\"></span>ntes<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a proc<span class=\"_ _1\"></span>edura d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>airme<span class=\"_ _1\"></span>nt tes<span class=\"_ _1\"></span>t sopra d<span class=\"_ _1\"></span>escri<span class=\"_ _1c\"></span>tta, Ani<span class=\"_ _1\"></span>ma Holdi<span class=\"_ _1c\"></span>ng ha chies<span class=\"_ _1c\"></span>to al cons<span class=\"_ _1\"></span>ulent<span class=\"_ _1c\"></span>e indip<span class=\"_ _1\"></span>ende<span class=\"_ _1c\"></span>nte EY <span class=\"ls31 ws5c\">Advisoru<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span></span>S.p.A. (<span class=\"_ _1\"></span>\u201cEY\u201d<span class=\"_ _1\"></span>) di<span class=\"_ _1\"></span> pred<span class=\"_ _1\"></span>ispo<span class=\"_ _1\"></span>rre <span class=\"_ _1\"></span>una <span class=\"ff5 ls11 wscf\">fairn<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span> o<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>ion<span class=\"_ _13\"></span></span><span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls55 ws6b\">r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o </span></span>alla determinazion<span class=\"_ _0\"></span>e del valore recuperabile della CGU Anima effettuat<span class=\"_ _0\"></span>a dalla Societ\u00e0. Le principali cons<span class=\"_ _0\"></span>iderazioni sulle analisi v<span class=\"_ _0\"></span>alutative condotte da Anima Holding, espresse da EY, sono d<span class=\"_ _1\"></span>i seg<span class=\"_ _1c\"></span>uito rip<span class=\"_ _1\"></span>orta<span class=\"_ _1\"></span>te:<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws92\">il p<span class=\"_ _1\"></span>rocess<span class=\"_ _1c\"></span>o di impa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent t<span class=\"_ _1c\"></span>est svil<span class=\"_ _1\"></span>uppa<span class=\"_ _1c\"></span>to dalla<span class=\"_ _1\"></span> Soci<span class=\"_ _1\"></span>et\u00e0 ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>ta in <span class=\"_ _1\"></span>conti<span class=\"_ _1\"></span>nuit\u00e0<span class=\"_ _1\"></span> con q<span class=\"_ _1c\"></span>uanto </span></span>svolt<span class=\"_ _1\"></span>o al 31<span class=\"_ _1\"></span> dice<span class=\"_ _1\"></span>mbre 20<span class=\"_ _1\"></span>24. Tal<span class=\"_ _1\"></span>e proc<span class=\"_ _1\"></span>esso <span class=\"_ _1\"></span>risul<span class=\"_ _1\"></span>ta stru<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>tu<span class=\"_ _1\"></span>rato, ra<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ale, t<span class=\"_ _1\"></span>racci<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>e e ripercorribile<span class=\"_ _0\"></span>; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws15\">l\u2019approccio<span class=\"_ _0\"></span> valutativo adottato dalla So<span class=\"_ _0\"></span>ciet\u00e0 risulta in line<span class=\"_ _0\"></span>a con le indicazioni dei principi </span></span>contab<span class=\"_ _1\"></span>ili d<span class=\"_ _1\"></span>i rif<span class=\"_ _1c\"></span>eriment<span class=\"_ _1\"></span>o, no<span class=\"_ _1\"></span>nch\u00e9<span class=\"_ _1\"></span> tecni<span class=\"_ _1\"></span>came<span class=\"_ _1\"></span>nte id<span class=\"_ _1c\"></span>oneo a de<span class=\"_ _1\"></span>term<span class=\"_ _1\"></span>inar<span class=\"_ _1\"></span>e in mod<span class=\"_ _1c\"></span>o ragionevole<span class=\"_ _0\"></span> il valore d\u2019uso della CGU Anima. La meto<span class=\"_ _0\"></span>dologia utilizzata (DCF) present<span class=\"_ _0\"></span>a cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ate ba<span class=\"_ _1\"></span>si do<span class=\"_ _1\"></span>ttri<span class=\"_ _1\"></span>nali<span class=\"_ _1\"></span>, risul<span class=\"_ _1\"></span>ta co<span class=\"_ _1\"></span>mun<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>e ado<span class=\"_ _1\"></span>ttata<span class=\"_ _1\"></span> nell<span class=\"_ _1\"></span>a pras<span class=\"_ _1c\"></span>si valuta<span class=\"_ _1c\"></span>tiva nel<span class=\"_ _1c\"></span> settore di riferimento<span class=\"_ _0\"></span> e tiene conto delle prospettive reddituali e finanziar<span class=\"_ _0\"></span>ie della CGU An<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws25f\">i parametri va<span class=\"_ _0\"></span>lutativi adottat<span class=\"_ _0\"></span>i risultano com<span class=\"_ _0\"></span>presi in intervalli r<span class=\"_ _0\"></span>agionevolmente </span></span>osserv<span class=\"_ _0\"></span>abili nell\u2019attuale scenar<span class=\"_ _0\"></span>io di mercato; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls35 ws114\">coere<span class=\"_ _0\"></span>ntemente<span class=\"_ _0\"></span> con quanto<span class=\"_ _0\"></span> effettua<span class=\"_ _0\"></span>to dalla C<span class=\"_ _0\"></span>apogruppo<span class=\"_ _0\"></span> Banco B<span class=\"_ _0\"></span>PM, acc<span class=\"_ _0\"></span>anto ad uno </span></span>Scena<span class=\"_ _1c\"></span>rio Bas<span class=\"_ _1\"></span>e dell<span class=\"_ _1\"></span>e Pro<span class=\"_ _1c\"></span>iezioni<span class=\"_ _1\"></span>, sono<span class=\"_ _1\"></span> sta<span class=\"_ _1\"></span>ti cons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>erati u<span class=\"_ _1c\"></span>no scena<span class=\"_ _1\"></span>rio p<span class=\"_ _1\"></span>egg<span class=\"_ _1c\"></span>iorativ<span class=\"_ _1\"></span>o e uno<span class=\"_ _1\"></span> scenario m<span class=\"_ _0\"></span>igliorativo. I fattor<span class=\"_ _0\"></span>i di ponderazione asse<span class=\"_ _0\"></span>gnati ai diversi sc<span class=\"_ _0\"></span>enari (50% Scenar<span class=\"_ _0\"></span>i<span class=\"ls31 ws5c\">o </span>Bas<span class=\"_ _0\"></span>e, 30% <span class=\"_ _0\"></span>Scen<span class=\"_ _0\"></span>ario <span class=\"_ _0\"></span>Avve<span class=\"_ _0\"></span>rso e <span class=\"_ _0\"></span>20% S<span class=\"_ _0\"></span>cenar<span class=\"_ _0\"></span>io Fav<span class=\"_ _0\"></span>orevo<span class=\"_ _0\"></span>le) h<span class=\"_ _0\"></span>anno a<span class=\"_ _0\"></span>vuto <span class=\"_ _0\"></span>carat<span class=\"_ _0\"></span>tere prud<span class=\"_ _1\"></span>enzial<span class=\"_ _1c\"></span>e in qua<span class=\"_ _1\"></span>nto h<span class=\"_ _1\"></span>anno p<span class=\"_ _1c\"></span>rovvedut<span class=\"_ _1c\"></span>o ad asseg<span class=\"_ _1\"></span>nare <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>maggi<span class=\"_ _1\"></span>ore p<span class=\"_ _1\"></span>onderaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne all<span class=\"_ _1\"></span>o scena<span class=\"_ _1c\"></span>rio pegg<span class=\"_ _1\"></span>iorati<span class=\"_ _1\"></span>vo ri<span class=\"_ _1c\"></span>spetto al<span class=\"_ _1\"></span>lo sce<span class=\"_ _1c\"></span>nario mig<span class=\"_ _1c\"></span>liorativ<span class=\"_ _1c\"></span>o; <span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 lsf ws10b\">\u00e8 sta<span class=\"_ _1\"></span>ta ris<span class=\"_ _1c\"></span>contra<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>na sos<span class=\"_ _1c\"></span>tanzia<span class=\"_ _1\"></span>le co<span class=\"_ _1\"></span>rrett<span class=\"_ _1c\"></span>ezza ma<span class=\"_ _1\"></span>tema<span class=\"_ _1c\"></span>tica dei<span class=\"_ _1\"></span> calc<span class=\"_ _1c\"></span>oli eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1c\"></span>ti dall<span class=\"_ _1\"></span>a </span></span>Societ\u00e0 ai fin<span class=\"_ _0\"></span>i della determinazione del v<span class=\"_ _0\"></span>alore recuperabile della CGU Anima;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1\"> <span class=\"ls0 wsb0\">\u00e8 stato osservato che alla data di riferimento il fair<span class=\"_ _0\"></span> value implicito nella quotazione </span></span></span>borsistic<span class=\"_ _0\"></span>a del titolo Anima risulti superiore al valore<span class=\"_ _0\"></span> contabile della CGU.<span class=\"_ _4ac\"> </span>Di co<span class=\"_ _1\"></span>nseg<span class=\"_ _1\"></span>uenza<span class=\"_ _1c\"></span>, EY riti<span class=\"_ _1\"></span>ene <span class=\"_ _1\"></span>che il<span class=\"_ _1\"></span> metod<span class=\"_ _1c\"></span>o di va<span class=\"_ _1\"></span>lutaz<span class=\"_ _1\"></span>ione a<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>tato d<span class=\"_ _1\"></span>alla<span class=\"_ _1\"></span> Soci<span class=\"_ _1\"></span>et\u00e0 s<span class=\"_ _1\"></span>ia ad<span class=\"_ _1\"></span>egua<span class=\"_ _1\"></span>to, i<span class=\"_ _1\"></span>n quanto nella c<span class=\"_ _0\"></span>ircostanza ragionevole<span class=\"_ _0\"></span> e non arbitrar<span class=\"_ _0\"></span>io, conforme alle indicazioni de<span class=\"_ _0\"></span>i principi contab<span class=\"_ _1\"></span>ili d<span class=\"_ _1\"></span>i rife<span class=\"_ _1c\"></span>rimento e c<span class=\"_ _1c\"></span>he lo ste<span class=\"_ _1\"></span>sso si<span class=\"_ _1c\"></span>a stato co<span class=\"_ _1\"></span>rretta<span class=\"_ _1c\"></span>mente a<span class=\"ls0 ws61\">pplicato ai fini della </span>determin<span class=\"_ _0\"></span>azione del valore d\u2019uso della CGU Anima oggetto di ana<span class=\"_ _0\"></span>lisi.<span class=\"ls1 ws1\"> </span>9<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 im<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>riali:<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>ariaz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w728 h46b\" id=\"_110d0244-35a2-48c4-b1b6-6fa93167639a\"><tr><td></td><td class=\"c x808 y3676 w158 h1aa\"><div class=\"t m2e xf8 h1ab y1c4b ff2 fs3b fc0 sc0 ls1e5 ws453\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x808 y3676 w158 h1aa\"><div class=\"t m2e x24 h1ab y1c4c ff2 fs3b fc0 sc0 ls1e6 ws454\">A.<span class=\"_ _0\"></span> Esist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali</div></td><td class=\"c x808 y3677 w158 h1ac\"><div class=\"t m2e x5f h1ab y1c4e ff2 fs3b fc0 sc0 ls1e5 ws455\">                            1.<span class=\"_ _0\"></span>559.<span class=\"_ _0\"></span>256 </div></td></tr><tr><td class=\"c x212 y3678 w729 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">B. Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x809 y3678 w72a h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">2.<span class=\"_ _0\"></span>191<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3679 w72b h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e8 ws458\">B.1<span class=\"_ _1\"></span> A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>qu<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80a y3679 w72c h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">2.191<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367a w72d h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">C.<span class=\"_ _0\"></span> D<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>inuzioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80b y367a w72e h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>354)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367b w72f h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1ea ws45a\">C.<span class=\"_ _1c\"></span>2 Ammo<span class=\"_ _1c\"></span>rt<span class=\"_ _1c\"></span>ame<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80c y367b w730 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>44.204)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367c w731 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e8 ws458\">C.3 Re<span class=\"_ _1\"></span>ttific<span class=\"_ _0\"></span>he di valore<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80d y367c w732 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x80e y367d w733 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1eb ws45b\">- a Conto econom<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x80f y367d w734 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff1 fs3b fc0 sc0 ls1e9 ws459\">(<span class=\"_ _0\"></span>151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w735 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e7 ws456\">D.<span class=\"_ _0\"></span> Rim<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> finali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x810 y345e w736 h43f\"><div class=\"t m2e x1fa h1ab y35b2 ff2 fs3b fc0 sc0 ls1e5 ws453\">1.<span class=\"_ _0\"></span>517.<span class=\"_ _0\"></span>092<span class=\"_ _4ac\"> </span></div></td></tr></table>Si ricorda che il saldo<span class=\"_ _0\"></span> relativo alla sottovoce \u201cA. Esistenze In<span class=\"_ _0\"></span>iziali\u201d include gli effetti de<span class=\"_ _0\"></span>i processi di PPA, conclusi nel 2025, relat<span class=\"_ _0\"></span>ivamente a Kairos SGR e Vita Srl (si rimanda alla \u201cParte A <span class=\"ls1 ws1\">\u2013 <span class=\"ls1d ws2b\">Al<span class=\"_ _0\"></span>tre </span></span>Infor<span class=\"_ _1\"></span>mazi<span class=\"_ _1\"></span>oni <span class=\"_ _20\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _15\"> </span><span class=\"ls1d ws131\">Rest<span class=\"_ _0\"></span>atement B<span class=\"_ _0\"></span>ilanc<span class=\"_ _0\"></span>io 2024<span class=\"_ _0\"></span>\u201d del pr<span class=\"_ _0\"></span>esen<span class=\"ls0 ws79\">te<span class=\"_ _0\"></span> Bilancio <span class=\"_ _0\"></span>Consolidato <span class=\"_ _0\"></span>per maggiori </span></span></span>dettagli).<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>La sottovoce<span class=\"_ _0\"></span> \u201cB.1 Acquisti\u201d si riferisce princ<span class=\"_ _0\"></span>ipalmente a (i) software acquistati nell\u2019eserc<span class=\"_ _0\"></span>izio da Anima SGR, (ii) l\u2019avvia<span class=\"_ _0\"></span>mento provvisorio iscr<span class=\"_ _0\"></span>itto a seguito dell\u2019acquisizione di r<span class=\"_ _0\"></span>amo d\u2019azienda da part<span class=\"_ _1\"></span>e di Vita S<span class=\"_ _1\"></span>rl, avv<span class=\"_ _1\"></span>enuta<span class=\"_ _1\"></span> nel cors<span class=\"_ _1c\"></span>o <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span> terzo tri<span class=\"_ _1c\"></span>mestre<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls30 wsa9\">2025, p<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>un imp<span class=\"_ _1\"></span>orto p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span> Eu<span class=\"_ _1\"></span>ro 83<span class=\"_ _1\"></span> </span></span>miglaia e (iii) all\u2019a<span class=\"_ _0\"></span>ggiustamento prezzo riconosciuto<span class=\"_ _0\"></span> in relazione ai Mandati di Gestione per circa Euro 425,4 migliaia,<span class=\"_ _0\"></span> per quanto previsto dagli accordi sottoscritt<span class=\"_ _0\"></span>i come integrati/modificati nel corso<span class=\"_ _1\"></span> del 2020.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-628": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 ws188 gs6da\">Sezione 10 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"ls44 ws452\">A<span class=\"_ _0\"></span>ttivi<span class=\"_ _0\"></span>t\u00e0 fiscal<span class=\"_ _0\"></span>i e pas<span class=\"_ _0\"></span>sivit\u00e0 f<span class=\"_ _0\"></span>iscal<span class=\"_ _0\"></span>i </span>\u2013 <span class=\"_ _13\"></span></span>Voce 100 dell<span class=\"_ _0\"></span>\u2019attivo e Voce 60 del<span class=\"_ _0\"></span> </div><div class=\"t m0 h9 ff2 fs5 fc0 sc0 lsb ws11 gs6db\">passivo<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs6dc\">Le attivit\u00e0 e passivit<span class=\"_ _0\"></span>\u00e0 fiscali correnti accolgono il saldo netto delle posizioni fiscali de<span class=\"_ _0\"></span>lle singole </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs6dd\">soci<span class=\"_ _1\"></span>et\u00e0 d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Anim<span class=\"_ _1\"></span>a nei <span class=\"_ _1c\"></span>confro<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>elle <span class=\"_ _1\"></span><span class=\"ls0 ws0\">rispettive Amminis<span class=\"_ _0\"></span>trazioni finanzia<span class=\"_ _0\"></span>rie.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs6de\">Si ricorda che la Societ\u00e0 ha ader<span class=\"_ _0\"></span>ito per il triennio 2023<span class=\"ls1 ws1\">-</span>2025, in qualit\u00e0 di consolidante, al regime </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsa4 gs6df\">di ta<span class=\"_ _1\"></span>ssazi<span class=\"_ _1\"></span>one di<span class=\"_ _1\"></span> grup<span class=\"_ _1\"></span>po e<span class=\"_ _1\"></span>x artt<span class=\"_ _1\"></span>. 117 <span class=\"_ _1\"></span>e seg<span class=\"_ _1\"></span>. del T.<span class=\"_ _1\"></span>U.I.R<span class=\"_ _1\"></span>. (co<span class=\"_ _1\"></span>sidd<span class=\"_ _1\"></span>etto \u201c<span class=\"_ _1\"></span>Cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ato fi<span class=\"_ _1\"></span>scal<span class=\"_ _1\"></span>e naz<span class=\"_ _1\"></span>ional<span class=\"_ _1\"></span>e\u201d)<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs6e0\">con l<span class=\"_ _1\"></span>e con<span class=\"_ _1c\"></span>trollat<span class=\"_ _1\"></span>e Ani<span class=\"_ _1\"></span>ma SGR<span class=\"_ _1c\"></span> e Ani<span class=\"_ _1\"></span>ma Alt<span class=\"_ _1\"></span>erna<span class=\"_ _1\"></span>tive S<span class=\"_ _1\"></span>GR<span class=\"ls1 ws1\"> <span class=\"ls11 ws58\">(\u201cIRES di Gruppo\u201d). Per tale motivo nello </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsaf gs6e1\">stato patrimoniale<span class=\"_ _0\"></span> vengono rappresentate nelle \u201cAttivit\u00e0 fiscali corrent<span class=\"_ _0\"></span>i\u201d e/o nelle \u201cPassivit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs6e2\">fiscali correnti\u201d il s<span class=\"_ _0\"></span>aldo netto tra gli acconti versati e le imposte di c<span class=\"_ _1\"></span>ompeten<span class=\"_ _0\"></span>za dell\u2019esercizio in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs6e3\">relazione all\u2019I<span class=\"_ _0\"></span><span class=\"lse ws16\">RES di Gruppo.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs6e5\">1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>cali c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>i e<span class=\"_ _13\"></span> an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ate<span class=\"_ _11\"></span>: c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs6e6\">V<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> 1<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span> a) \u201cat<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>cali c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>rre<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span></div><div class=\"gs6e7\"><table class=\"s w737 h46c\" id=\"_b7e43246-0103-4fc6-b4d8-c2f433c73f60\"><tr><td></td><td class=\"c x811 y367f w738 h43f\"><div class=\"t m2f x1fa h1b0 y367e ff2 fs3d fc0 sc0 ls1ef ws46d\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x812 y367f w739 h43f\"><div class=\"t m2f x1fa h1b0 y367e ff2 fs3d fc0 sc0 ls1ef ws46d\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3680 w73a h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f0 ws46e\">I<span class=\"_ _0\"></span>RA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x813 y3680 w73b h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f1 ws46f\">1.455<span class=\"_ _4ac\"> </span></div></td><td class=\"c x814 y3680 w73b h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f1 ws46f\">1.657<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3681 w73c h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f0 ws46e\">I<span class=\"_ _0\"></span>RES<span class=\"_ _4ac\"> </span></div></td><td class=\"c x815 y3681 w73d h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f1 ws46f\">456<span class=\"_ _4ac\"> </span></div></td><td class=\"c x816 y3681 w73b h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f1 ws46f\">4.729<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w73e h43f\"><div class=\"t m2f x1fa h1b0 y367e ff2 fs3d fc0 sc0 ls1f2 ws471\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x817 y345e w73f h43f\"><div class=\"t m2f x1fa h1b0 y367e ff2 fs3d fc0 sc0 ls1ef ws46d\">1.<span class=\"_ _0\"></span>912<span class=\"_ _4ac\"> </span></div></td><td class=\"c x818 y345e w740 h43f\"><div class=\"t m2f x1fa h1b0 y367e ff2 fs3d fc0 sc0 ls1ef ws46d\">6.<span class=\"_ _0\"></span>386<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs6e8\">Si evidenzia che nelle attivit\u00e0 fiscali corrent<span class=\"_ _0\"></span>i il saldo IRAP pari a circa E<span class=\"_ _1\"></span>uro 1,4 milion<span class=\"_ _0\"></span>i \u00e8 riveniente </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfa gs6e9\">dal credito<span class=\"_ _0\"></span> derivante dalla differenza tr<span class=\"_ _0\"></span>a gli acconti versati rispetto<span class=\"_ _0\"></span> alla quantificazione </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs6ea\">dell\u2019impost<span class=\"_ _0\"></span>a calcolata sulla base<span class=\"_ _0\"></span> imponibile dell\u2019e<span class=\"_ _0\"></span>sercizio di Ka<span class=\"_ _0\"></span>iros SGR, Anima SGR e<span class=\"_ _0\"></span> Castello </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls3d wsc4 gs6eb\">SG<span class=\"_ _0\"></span>R.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs6ec\">Ai fini IRES,<span class=\"_ _0\"></span> si evidenzia che il saldo sopr<span class=\"_ _0\"></span>a esposto, pari a circa Euro<span class=\"_ _0\"></span> 0.5 milioni, deriva dal credito </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1e7 gs6ed\">derivante dagli ac<span class=\"_ _0\"></span>conti versati da Kairos<span class=\"_ _0\"></span> SGR (in anni precedenti) al netto<span class=\"_ _0\"></span> dell\u2019imposta </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs6ee\">quantificata dalla<span class=\"_ _0\"></span> controllata su<span class=\"_ _0\"></span>lla sua base imponibile dell\u2019<span class=\"ws29\">esercizio.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs6ef\">V<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> 1<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> \u201catt<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 fis<span class=\"_ _13\"></span>cali an<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>icip<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs6f0\">Di seguito vengono esposti gli eventi che generano differenze temporali e la relativa fiscalit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gs6f1\">anticipata.<span class=\"ls1 ws1\"> </span></div><div class=\"gs6f2\"><table class=\"s w741 h46d\" id=\"_647c40fd-bccb-43b1-a81a-4d87ab54031b\"><tr><td></td><td class=\"c x811 y3682 w742 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff2 fs3e fc0 sc0 ls1f3 ws472\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x819 y3682 w743 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff2 fs3e fc0 sc0 ls1f3 ws473\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2024 (*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3683 w744 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f4 ws474\">A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>onam<span class=\"_ _13\"></span>enti a f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ndi ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x81a y3683 w745 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">7.638<span class=\"_ _4ac\"> </span></div></td><td class=\"c x81b y3683 w746 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">7.741<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3684 w747 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f6 ws477\">Af<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rancam<span class=\"_ _0\"></span>ento avviam<span class=\"_ _0\"></span>ento<span class=\"_ _4ac\"> </span></div></td><td class=\"c x81c y3684 w748 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">842<span class=\"_ _4ac\"> </span></div></td><td class=\"c x81d y3684 w749 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">842<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x808 y3685 w15b h1b7\"><div class=\"t m30 x24 h1b4 y1c82 ff1 fs3e fc0 sc0 ls1f7 ws478\">Af<span class=\"_ _0\"></span>franc<span class=\"_ _0\"></span>amento avviamento Cas<span class=\"_ _0\"></span>tello </div></td><td class=\"c x81e y3686 w74a h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">13.860<span class=\"_ _4ac\"> </span></div></td><td class=\"c x81f y3686 w74b h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">13.357<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x808 y3685 w15b h1b7\"><div class=\"t m30 x24 h1b4 y1c83 ff1 fs3e fc0 sc0 ls1f8 ws479\">SGR<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x808 y3687 w15b h1b7\"><div class=\"t m30 x24 h1b4 y1c86 ff1 fs3e fc0 sc0 ls1f9 ws47a\">A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ortam<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o ex Apert<span class=\"_ _0\"></span>a SG<span class=\"_ _0\"></span>R e </div></td><td class=\"c x820 y3688 w749 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">359<span class=\"_ _4ac\"> </span></div></td><td class=\"c x821 y3688 w749 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">359<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x808 y3687 w15b h1b7\"><div class=\"t m30 x24 h1b4 y1c87 ff1 fs3e fc0 sc0 ls1f7 ws478\">Aletti G<span class=\"_ _0\"></span>estielle SG<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3689 w74c h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f7 ws47b\">Altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x822 y3689 w749 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">778<span class=\"_ _4ac\"> </span></div></td><td class=\"c x823 y3689 w74d h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">1.<span class=\"_ _0\"></span>028<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w74e h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff2 fs3e fc0 sc0 ls1fa ws47c\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x824 y345e w74f h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff2 fs3e fc0 sc0 ls1f3 ws472\">23.<span class=\"_ _0\"></span>477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x825 y345e w74f h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff2 fs3e fc0 sc0 ls1f3 ws472\">23.<span class=\"_ _0\"></span>327<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16d ws3a5 gs6f3\">(*) Da<span class=\"_ _1\"></span>ti restated<span class=\"ls1 ws1\"> </span>per effe<span class=\"_ _1\"></span>tto della PPA <span class=\"_ _1\"></span>di Kairos SGR e della<span class=\"_ _1\"></span> PPA rilevata<span class=\"_ _1\"></span> da Vita Srl, si <span class=\"_ _1\"></span>rinvia a quanto<span class=\"_ _1\"></span> esposto nella<span class=\"_ _1c\"></span> Nota integrativa conso<span class=\"_ _1\"></span><span class=\"lsb5 ws1ba\">lidat<span class=\"_ _0\"></span>a, Parte </span></div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16e ws3a7 gs6f4\">A <span class=\"ls1 ws1\">- <span class=\"ls16d ws3a5\">Politiche Contabili,<span class=\"_ _1\"></span> Altre Informaz<span class=\"_ _1\"></span>ioni paragrafo \"<span class=\"_ _1\"></span>Restatement Bilancio 2<span class=\"_ _1\"></span>024\"<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ec ws45c gs6f5\">Le attiv<span class=\"_ _1\"></span>it\u00e0 per i<span class=\"_ _1\"></span>mposte a<span class=\"_ _1\"></span>nticipate<span class=\"_ _1\"></span> presentan<span class=\"_ _1\"></span>o un <span class=\"_ _1\"></span>saldo pari<span class=\"_ _1\"></span> a circ<span class=\"_ _1\"></span>a Euro 2<span class=\"_ _1\"></span>3,5 mil<span class=\"_ _1\"></span>ioni (ci<span class=\"_ _1\"></span>rca Euro 2<span class=\"_ _1\"></span>3,3 </div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ed ws45d gs6f6\">milioni al 31 d<span class=\"_ _0\"></span>icembre 2024)</div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs6f7\"> <span class=\"_ _0\"></span><span class=\"ls30 ws84\">e ricomp<span class=\"_ _1c\"></span>rendon<span class=\"_ _1\"></span>o princ<span class=\"_ _1\"></span>ipal<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e (i) l<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>oste di<span class=\"_ _1\"></span>fferi<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tive, p<span class=\"_ _1\"></span>er </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls34 wsd0 gs6f8\">circa</div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1 ws1 gs6f9\"> <span class=\"_ _86\"></span><span class=\"ls1ee ws45e\">Euro 13,9 milioni, rilevate dalla<span class=\"_ _0\"></span> Societ\u00e0 in seguito all\u2019esercizio </span>\u2013 <span class=\"_ _86\"></span><span class=\"ls1ed ws45f\">effett<span class=\"_ _0\"></span>uato a giugno 2024 </span>-<span class=\"ws460\">  </span></div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ee ws461 gs6fa\">dell\u2019opzione di ria<span class=\"_ _0\"></span>llineamento dei valori fiscali ai maggiori valor<span class=\"_ _0\"></span>i contabili (\u201cAffrancamento\u201d) <span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ws462\">ai sensi </span></span></div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ed ws463 gs6fb\">dell\u2019art<span class=\"_ _0\"></span>. 15, comma 10<span class=\"_ _1\"></span>, D.L. 29 novembre 2008, n. <span class=\"ws464\">185 <span class=\"_ _20\"> </span><span class=\"ls1 ws1\">- <span class=\"_ _17\"> </span><span class=\"ls1ee ws465\">in<span class=\"_ _0\"></span> relazione al valore<span class=\"_ _1\"></span> dell\u2019avviamento </span></span></span></div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ee ws461 gs6fc\">implicito nell\u2019a<span class=\"_ _0\"></span>cquisto della <span class=\"ls1ec ws466\">partecip<span class=\"_ _1\"></span>azione i<span class=\"_ _1\"></span>n Cast<span class=\"_ _1\"></span>ello SGR (<span class=\"_ _1c\"></span>al riguardo<span class=\"_ _1\"></span> si ri<span class=\"_ _1\"></span>nvia a <span class=\"_ _1\"></span>quanto e<span class=\"_ _1\"></span>videnzia<span class=\"_ _1\"></span>to </span></div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ee ws467 gs6fd\">nella sezione \u201cFatti di rilievo avvenuti<span class=\"_ _1\"></span> nell\u2019esercizio per il Gruppo Anima <span class=\"ls1 ws1\">\u2013<span class=\"_ _1\"></span> <span class=\"_ _11\"></span><span class=\"ls1ee ws468\">Riallineamento ai sensi </span></span></div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ed ws469 gs6fe\">D.L. 185/2008\u201d della<span class=\"_ _0\"></span> Relazione sulla<span class=\"_ _0\"></span> gestione consolidata ch<span class=\"_ _0\"></span>e accompagna il Bil<span class=\"ls1ec ws46a\">ancio consolid<span class=\"_ _1c\"></span>ato </span></div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ec wsa5 gs6ff\">chiuso al<span class=\"_ _1\"></span> 31 dicembre<span class=\"_ _1\"></span> 2024<span class=\"_ _1\"></span>); si segnala c<span class=\"_ _1\"></span>he l\u2019impo<span class=\"_ _1c\"></span>rto \u00e8 stato adegu<span class=\"_ _1\"></span>ato di ci<span class=\"_ _1\"></span>rca Euro 0<span class=\"_ _1\"></span>,5 milioni pe<span class=\"_ _1\"></span>r </div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ec ws46a gs700\">le maggi<span class=\"_ _1\"></span>ori impo<span class=\"_ _1\"></span>ste anti<span class=\"_ _1c\"></span>cipate che sa<span class=\"_ _1\"></span>ranno <span class=\"_ _1\"></span>riversate<span class=\"_ _1\"></span> nel trie<span class=\"_ _1\"></span>nnio 202<span class=\"_ _1\"></span>6<span class=\"ls1 ws1\">-<span class=\"ls1ee ws467\">28 dalla Societ\u00e0 a seguito </span></span></div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ee ws46b gs701\">della variazione di 2 p<span class=\"_ _1\"></span>unti % dell\u2019aliq<span class=\"ls1ed ws46c\">uota Irap previsto dalla Legge 199/2025<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls1ed ws46c\">Leg<span class=\"_ _0\"></span>ge di Bilancio 2026</span></span></span><span class=\"ls1ed ws46c\"><span class=\"ls1 ws1\"><span class=\"ls1ed ws46c\"> </span></span></span></div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ec ws45c gs703\">e (ii) le<span class=\"_ _1c\"></span> imposte anti<span class=\"_ _1c\"></span>pate inseri<span class=\"_ _1\"></span>te nell<span class=\"_ _1\"></span>a sottovo<span class=\"_ _1\"></span>ce \u201ca<span class=\"_ _1\"></span>ccantoname<span class=\"_ _1\"></span>nto a fo<span class=\"_ _1c\"></span>ndo rischi\u201d<span class=\"_ _1\"></span> per ci<span class=\"_ _1\"></span>rca Euro<span class=\"_ _1\"></span> 7,7 </div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ec ws47d gs704\">milioni,<span class=\"_ _1\"></span> correlate<span class=\"_ _1c\"></span> allo stanzia<span class=\"_ _1\"></span>mento de<span class=\"_ _1\"></span>lla retri<span class=\"_ _1c\"></span>buzione vari<span class=\"_ _1\"></span>abile di <span class=\"_ _1\"></span>compete<span class=\"_ _1\"></span>nza del<span class=\"_ _1\"></span>l\u2019esercizio<span class=\"_ _1c\"></span> </div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ec ws45c gs705\">accanton<span class=\"_ _1\"></span>ata in con<span class=\"_ _1\"></span>tropa<span class=\"_ _1\"></span>rtita della<span class=\"_ _1\"></span> voca \u201c100 <span class=\"_ _1\"></span><span class=\"ls1 ws1\">- <span class=\"ls1ec ws45c\">Fondi pe<span class=\"_ _1\"></span>r r<span class=\"ls1ee ws47e\">ischi e oneri\u201d.<span class=\"ls1 ws1\"> </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs706\">Voce 100 b) \u201cAttiv<span class=\"_ _0\"></span>it\u00e0 fiscali anticipate<span class=\"_ _0\"></span>\u201d (di cui alla L. 214/2011)<span class=\"ls1 ws1\"> </span></div><div class=\"gs707\"><table class=\"s w750 h46e\" id=\"_358393a0-0bbb-47e5-9b90-bac11aa564c8\"><tr><td></td><td class=\"c x811 y368b w751 h43f\"><div class=\"t m31 x1fa h1bb y368a ff2 fs3f fc0 sc0 ls1fb ws480\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x826 y368b w752 h43f\"><div class=\"t m31 x1fa h1bb y368a ff2 fs3f fc0 sc0 ls1fb ws480\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y368c w753 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fc ws481\">Af<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rancam<span class=\"_ _0\"></span>ento avviam<span class=\"_ _0\"></span>ento<span class=\"_ _4ac\"> </span></div></td><td class=\"c x827 y368c w754 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">842<span class=\"_ _4ac\"> </span></div></td><td class=\"c x828 y368c w754 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">842<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y368d w15b h1bd\"><div class=\"t m31 x24 h1bb y1cab ff1 fs3f fc0 sc0 ls1fe ws484\">A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ortam<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o ex Apert<span class=\"_ _0\"></span>a SG<span class=\"_ _0\"></span>R e </div></td><td class=\"c x820 y368e w754 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">359<span class=\"_ _4ac\"> </span></div></td><td class=\"c x829 y368e w754 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">359<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y368d w15b h1bd\"><div class=\"t m31 x24 h1bb y1cac ff1 fs3f fc0 sc0 ls1ff ws485\">Aletti G<span class=\"_ _0\"></span>estielle SG<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y367d w755 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1ff ws486\">Altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x82a y367d w756 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">39<span class=\"_ _4ac\"> </span></div></td><td class=\"c x82b y367d w757 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">37<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w758 h43f\"><div class=\"t m31 x1fa h1bb y368a ff2 fs3f fc0 sc0 ls200 ws487\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x82c y345e w759 h43f\"><div class=\"t m31 x1fa h1bb y368a ff2 fs3f fc0 sc0 ls1fb ws480\">1.<span class=\"_ _0\"></span>240<span class=\"_ _4ac\"> </span></div></td><td class=\"c x82d y345e w75a h43f\"><div class=\"t m31 x1fa h1bb y368a ff2 fs3f fc0 sc0 ls1fb ws480\">1.<span class=\"_ _0\"></span>238<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs708\">1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 fis<span class=\"_ _13\"></span>cali c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws29 gs709\">Voce 60 a) \u201cPassivit\u00e0 fiscali correnti\u201d<span class=\"ff5 ls1 ws1\"> </span></div><div class=\"gs70a\"><table class=\"s w75b h46f\" id=\"_e2c82a55-a8d8-4c83-9701-d82f62a0d50b\"><tr><td></td><td class=\"c x82e y3690 w75c h43f\"><div class=\"t m32 x1fa h1c0 y368f ff2 fs40 fc0 sc0 ls201 ws488\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x82f y3690 w75d h43f\"><div class=\"t m32 x1fa h1c0 y368f ff2 fs40 fc0 sc0 ls201 ws488\">31.12.<span class=\"_ _13\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3691 w75e h43f\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls202 ws489\">I<span class=\"_ _0\"></span>RA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x830 y3691 w75f h43f\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls203 ws48a\">6.817<span class=\"_ _4ac\"> </span></div></td><td class=\"c x831 y3691 w760 h43f\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls203 ws48a\">10.387<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3692 w761 h453\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls202 ws489\">I<span class=\"_ _0\"></span>RES<span class=\"_ _4ac\"> </span></div></td><td class=\"c x832 y3692 w762 h453\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls203 ws48a\">4.<span class=\"_ _0\"></span>659<span class=\"_ _4ac\"> </span></div></td><td class=\"c x833 y3692 w760 h453\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls203 ws48a\">27.922<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w763 h453\"><div class=\"t m32 x1fa h1c0 y368f ff2 fs40 fc0 sc0 ls204 ws48c\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x834 y345e w764 h453\"><div class=\"t m32 x1fa h1c0 y368f ff2 fs40 fc0 sc0 ls201 ws488\">11.<span class=\"_ _0\"></span>476<span class=\"_ _4ac\"> </span></div></td><td class=\"c x835 y345e w765 h453\"><div class=\"t m32 x1fa h1c0 y368f ff2 fs40 fc0 sc0 ls201 ws488\">38.<span class=\"_ _0\"></span>309<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs70b\">Si evidenzia che nelle passivit<span class=\"_ _0\"></span>\u00e0 fiscali correnti il saldo IRAP sopra riportato, pari a circa Euro 6,8 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs70c\">milioni, \u00e8 riveniente da Anima Holding per circa Euro 6,7 milioni, da Anima Alternative SGR per </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs70d\">circa Euro<span class=\"_ _0\"></span> 0,1 milioni e per circa Euro 31 mila Vita Srl.<span class=\"ls1 ws1\">  </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gs70e\">Ai fini IRES, si evidenzia che il saldo sopra esposto, pari a circa Euro 4,7 <span class=\"_ _1\"></span>milioni, deriva </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs70f\">principalmente<span class=\"_ _0\"></span> dal debito per l\u2019IRES di Gruppo per<span class=\"_ _0\"></span> circa Euro 4,5 milioni.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs710\">Di seguito vengono esposti gli eventi che generano differenze temporali e la relativa fiscalit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs711\">differit<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs712\">Voce 60 b) \"Passivit<span class=\"_ _0\"></span>\u00e0 fiscali differite\"<span class=\"ls1 ws1\"> </span></div><div class=\"gs713\"><table class=\"s w766 h470\" id=\"_de278d8d-4958-4669-9ccb-0ae1c01bb3b6\"><tr><td></td><td class=\"c x82e y3694 w767 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff2 fs41 fc0 sc0 ls205 ws48d\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x836 y3694 w768 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff2 fs41 fc0 sc0 ls205 ws48e\">31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3695 w769 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls206 ws48f\">Avviam<span class=\"_ _0\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x837 y3695 w76a h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">7.595<span class=\"_ _4ac\"> </span></div></td><td class=\"c x838 y3695 w76b h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">7.595<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3696 w76c h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls206 ws492\">Attivit\u00e0 im<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ateriali pe<span class=\"_ _1\"></span>r PPA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x839 y3696 w76d h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">60.110<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83a y3696 w76e h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">66.<span class=\"_ _0\"></span>696<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3697 w76f h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls206 ws492\">Azioni MPS<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83b y3697 w770 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">2.589<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83c y3697 w770 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">1.186<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3698 w15d h1c2\"><div class=\"t m33 x24 h1c3 y1cc0 ff1 fs41 fc0 sc0 ls206 ws48f\">Altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83d y3699 w771 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">16<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83e y3699 w772 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">68<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w773 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff2 fs41 fc0 sc0 ls208 ws493\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83f y345e w774 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff2 fs41 fc0 sc0 ls205 ws48d\">70.<span class=\"_ _0\"></span>310<span class=\"_ _4ac\"> </span></div></td><td class=\"c x840 y345e w775 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff2 fs41 fc0 sc0 ls205 ws48d\">75.<span class=\"_ _0\"></span>545<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16d ws3a5 gs714\">(*) Da<span class=\"_ _1\"></span>ti restated per effetto d<span class=\"_ _1\"></span>ella PPA <span class=\"_ _1\"></span>di Kairos SGR e della<span class=\"_ _1\"></span> PPA rilevata<span class=\"_ _1\"></span> da Vita Srl, si <span class=\"_ _1\"></span>rinvia a quanto<span class=\"_ _1\"></span> esposto nella<span class=\"_ _1c\"></span> Nota<span class=\"ls1 ws1\"> </span>integrativa co<span class=\"_ _1\"></span>nsolidata, Pa<span class=\"_ _1\"></span>rte </div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16e ws3a7 gs715\">A <span class=\"ls1 ws1\">- <span class=\"ls16d ws47f\">Politiche <span class=\"ws3a5\">Contabili,<span class=\"_ _1\"></span> Altre Informaz<span class=\"_ _1\"></span>ioni paragrafo \"<span class=\"_ _1\"></span>Restatement Bilancio 2<span class=\"_ _1\"></span>024\"</span></span></span><span class=\"ls1 ws1\"><span class=\"ls16d ws47f\"><span class=\"ws3a5\"><span class=\"ls1 ws1\"> </span></span></span></span></div>Le passivit\u00e0<span class=\"_ _0\"></span> per imposte differite presentano un<span class=\"_ _0\"></span> saldo pari a circa Euro 70,3 milioni (circa Euro<span class=\"_ _4ac\"> </span>75,5 milioni al 31 dicembre 2024) e ricomprendono principalmente (i) le imposte differite<span class=\"_ _4ac\"> </span>passive residue riferite alle attiv<span class=\"_ _0\"></span>it\u00e0 intangibili a vita utile defi<span class=\"lse ws28\">nita individu<span class=\"_ _0\"></span>ate nei processi di PPA<span class=\"_ _4ac\"> </span></span>e in relaz<span class=\"_ _0\"></span>ione alle diverse aggregazioni az<span class=\"_ _0\"></span>iendali effettuate dal Gru<span class=\"_ _0\"></span>ppo Anima; la sottovoce, al<span class=\"_ _4ac\"> </span>net<span class=\"_ _1\"></span>to deg<span class=\"_ _1\"></span>li util<span class=\"_ _1\"></span>izzi<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>\u2019es<span class=\"_ _1\"></span>erciz<span class=\"_ _1\"></span>io, \u00e8 <span class=\"_ _1\"></span>stata<span class=\"_ _1\"></span> anc<span class=\"_ _1\"></span>h\u2019es<span class=\"_ _1\"></span>sa ad<span class=\"_ _1\"></span>egua<span class=\"_ _1\"></span>ta, p<span class=\"_ _1\"></span>er un i<span class=\"_ _1\"></span>mpor<span class=\"_ _1\"></span>to in a<span class=\"_ _1c\"></span>umento d<span class=\"_ _1c\"></span>i circ<span class=\"_ _1\"></span>a<span class=\"_ _4ac\"> </span>Euro<span class=\"_ _0\"></span> 1,6 m<span class=\"_ _0\"></span>ilion<span class=\"_ _0\"></span>i, per <span class=\"_ _0\"></span><span class=\"ls0 ws8c\">le maggior<span class=\"_ _0\"></span>i imposte differite<span class=\"_ _0\"></span> che sar<span class=\"_ _0\"></span>anno riversate n<span class=\"_ _0\"></span>el triennio 20<span class=\"_ _0\"></span>26<span class=\"ls1 ws1\">-<span class=\"ls32 ws141\">28 a<span class=\"_ _4ac\"> </span></span></span></span>seguito della variaz<span class=\"_ _0\"></span>ione di 2 p<span class=\"_ _1\"></span>unti % dell\u2019aliquota Irap previsti dalla Legge 199/2025 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _0\"></span><span class=\"lse ws57\">Legge di<span class=\"_ _4ac\"> </span></span></span>Bilancio 2026<span class=\"_ _0\"></span> e (ii) la fis<span class=\"_ _0\"></span>calit\u00e0 differ<span class=\"_ _0\"></span>ita IRES quant<span class=\"_ _0\"></span>ificata sul delta<span class=\"_ _0\"></span> fair value posit<span class=\"_ _0\"></span>ivo delle azioni<span class=\"_ _4ac\"> </span>di BMPS in port<span class=\"_ _0\"></span>afoglio, valorizzate<span class=\"_ _0\"></span> dalla Societ\u00e0 nella voce \u201c30.<span class=\"_ _0\"></span> Attivit\u00e0 finanziarie v<span class=\"_ _0\"></span>alutate al fair<span class=\"_ _4ac\"> </span>value con impatto sulla re<span class=\"_ _0\"></span>dditivit\u00e0 complessiva<span class=\"_ _0\"></span>\u201d.<span class=\"_ _4ac\"> </span>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _13\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span> a<span class=\"_ _1\"></span>n<span class=\"_ _13\"></span>tic<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> (in<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _13\"></span>art<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a de<span class=\"_ _13\"></span>l c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>)<table class=\"s w776 h471\" id=\"_20208625-2588-4c5d-ab0b-9e84cc7455dd\"><tr><td></td><td class=\"c x841 y369a w777 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x842 y369a w778 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws496\">31.12.<span class=\"_ _13\"></span>2024 (*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y369b w779 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls20a ws497\">1. Esist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x843 y369b w77a h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">23.<span class=\"_ _0\"></span>327<span class=\"_ _4ac\"> </span></div></td><td class=\"c x844 y369b w77b h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">4.461<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y369c w77c h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls20b ws499\">2. Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x845 y369c w77b h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">8.407<span class=\"_ _4ac\"> </span></div></td><td class=\"c x846 y369c w77d h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">23.185<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y369d w77e h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20c ws49a\">2.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste anticipate rilevate n<span class=\"_ _1\"></span>ell'e<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x847 y369d w77f h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">7.865<span class=\"_ _4ac\"> </span></div></td><td class=\"c x848 y369d w780 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">21.537<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x849 y369f w781 h472\"><div class=\"t m34 x1fa h1cb y369e ff5 fs42 fc0 sc0 ls20e ws49c\">d<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> alt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84a y369f w782 h472\"><div class=\"t m34 x1fa h1cb y369e ff5 fs42 fc0 sc0 ls20f ws49d\">7.865<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84b y369f w783 h472\"><div class=\"t m34 x1fa h1cb y369e ff5 fs42 fc0 sc0 ls20f ws49d\">21.537<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a0 w784 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20c ws49a\">2.<span class=\"_ _1\"></span>2 Nu<span class=\"_ _1\"></span>ove impos<span class=\"_ _0\"></span>te o increm<span class=\"_ _0\"></span>enti d<span class=\"_ _1\"></span>i aliquote<span class=\"_ _1\"></span> fis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84c y36a0 w785 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">542<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84d y36a0 w786 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a1 w787 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20c ws49a\">2.<span class=\"_ _1\"></span>3 Altri aumenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84e y36a1 w786 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84f y36a1 w788 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">1.<span class=\"_ _0\"></span>648<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a2 w789 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls20b ws499\">3. Di<span class=\"_ _0\"></span>minuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x850 y36a2 w78a h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>257)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x851 y36a2 w78b h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">(<span class=\"_ _0\"></span>4.<span class=\"_ _0\"></span>319)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a3 w78c h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20c ws49a\">3.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste anticipate annu<span class=\"_ _1c\"></span>llate nell'e<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x852 y36a3 w78d h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">(<span class=\"_ _0\"></span>8.257)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x853 y36a3 w78e h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">(4.317)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x849 y36a5 w78f h473\"><div class=\"t m34 x1fa h1cb y36a4 ff5 fs42 fc0 sc0 ls210 ws49e\">a) rig<span class=\"_ _0\"></span>iri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x854 y36a5 w790 h473\"><div class=\"t m34 x1fa h1cb y36a4 ff5 fs42 fc0 sc0 ls20f ws49d\">(8.257)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x855 y36a5 w791 h473\"><div class=\"t m34 x1fa h1cb y36a4 ff5 fs42 fc0 sc0 ls20f ws49d\">(4.317)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fc w792 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20c ws49a\">3.<span class=\"_ _1\"></span>3 Altre diminuz<span class=\"_ _1\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x856 y35fc w793 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x857 y35fc w794 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">(<span class=\"_ _0\"></span>2)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w795 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls211 ws49f\">4.<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x858 y345e w77a h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">23.<span class=\"_ _0\"></span>477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x859 y345e w796 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">23.<span class=\"_ _0\"></span>327<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) Da<span class=\"_ _1\"></span>ti restated per effetto d<span class=\"_ _1\"></span>ella PPA <span class=\"_ _1\"></span>di Kairos SGR e della<span class=\"_ _1\"></span> PPA rilevata<span class=\"_ _1\"></span> da Vita Srl, si <span class=\"_ _1\"></span>rinvia a quanto<span class=\"_ _1\"></span> esposto nella<span class=\"_ _1c\"></span> Nota<span class=\"ls1 ws1\"> </span>integrativa co<span class=\"_ _1\"></span>nsolidata, Pa<span class=\"_ _1\"></span>rte<span class=\"_ _4ac\"> </span>A <span class=\"ls1 ws1\">- <span class=\"ls16d ws3a5\">Politiche Contabili,<span class=\"_ _1\"></span> Altre Informaz<span class=\"_ _1\"></span>ioni paragrafo \"<span class=\"_ _1\"></span>Restatement Bilancio 2<span class=\"_ _1\"></span>024\"<span class=\"_ _4ac\"> </span></span></span>L\u2019incr<span class=\"_ _1\"></span>emen<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a sottov<span class=\"_ _1c\"></span>oce \u201c2.1 I<span class=\"_ _1\"></span>mpost<span class=\"_ _1\"></span>e anti<span class=\"_ _1\"></span>cipate<span class=\"_ _1\"></span> rileva<span class=\"_ _1\"></span>te nel<span class=\"_ _1\"></span>l\u2019es<span class=\"_ _1\"></span>ercizio <span class=\"_ _1\"></span><span class=\"ls1 ws1\">- <span class=\"_ _14\"> </span><span class=\"ls11 ws494\">d) altre\u201d \u00e8<span class=\"_ _4ac\"> </span></span></span>principalmente<span class=\"_ _0\"></span> riferito all\u2019isc<span class=\"_ _0\"></span>rizione delle<span class=\"_ _0\"></span> imposte differite att<span class=\"_ _0\"></span>ive rilevate in<span class=\"_ _0\"></span> seguito agli oner<span class=\"_ _0\"></span>i di<span class=\"_ _4ac\"> </span>remunerazione var<span class=\"_ _0\"></span>iabile del personale<span class=\"_ _0\"></span> accantonati dal Gruppo <span class=\"ls2f ws58\">An<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a.<span class=\"_ _4ac\"> </span></span>L\u2019incremento<span class=\"_ _0\"></span> nella sottovoce \u201c2.2<span class=\"_ _0\"></span> Nuove imposte o incrementi di aliq<span class=\"_ _0\"></span>uote fiscali\u201d r<span class=\"_ _0\"></span>ecepisce la<span class=\"_ _4ac\"> </span>var<span class=\"_ _0\"></span>iazion<span class=\"_ _0\"></span>e per il<span class=\"_ _0\"></span> trienn<span class=\"_ _0\"></span>io 2026 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls1c ws8a\">2028<span class=\"_ _1\"></span> di 2 p<span class=\"_ _1\"></span>unti <span class=\"_ _1\"></span>% dell\u2019a<span class=\"_ _1\"></span>liq<span class=\"_ _1\"></span>uota Ira<span class=\"_ _1\"></span>p pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ti dall<span class=\"_ _1\"></span>a Legg<span class=\"_ _1\"></span>e 199/<span class=\"_ _1c\"></span>2025<span class=\"_ _4ac\"> </span></span></span>\u2013 <span class=\"ls1d ws85\">Leg<span class=\"_ _0\"></span>ge di Bil<span class=\"_ _0\"></span>ancio<span class=\"_ _0\"></span> 2026. </span>Non vi sono valori iscritti tra le attivit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _1\"></span>re<span class=\"_ _0\"></span>lative ad imposte anticipate derivanti da perdite fiscali<span class=\"_ _4ac\"> </span>riportabili <span class=\"_ _0\"></span>ad eserc<span class=\"_ _0\"></span>izi successivi, con<span class=\"_ _0\"></span> esclusione di <span class=\"_ _0\"></span>quelle r<span class=\"_ _0\"></span>ileva<span class=\"wsaf\">te il 31 dicembre 2024 dalla<span class=\"_ _4ac\"> </span></span>societ\u00e0<span class=\"_ _0\"></span> controllata indiretta V<span class=\"_ _0\"></span>ita Srl (nel suo primo anno di attivit\u00e0), per circ<span class=\"_ _0\"></span>a Euro 93 migliaia.<div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 wsca gs72d\">1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>ariazio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>i cu<span class=\"_ _13\"></span>i alla L.<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>/2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> (in<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>tr<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a de<span class=\"_ _11\"></span>l co<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>to<span class=\"_ _13\"></span> </div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws5 gs72e\">e<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>) <span class=\"ls1 ws1\"> </span></div><div class=\"gs72f\"><table class=\"s w797 h474\" id=\"_fb0ebd0f-d49f-437d-9805-aef61e796680\"><tr><td></td><td class=\"c x81e y36a7 w798 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85a y36a7 w799 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a8 w79a h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls213 ws4a1\">1. Esist<span class=\"_ _0\"></span>enze<span class=\"_ _0\"></span> iniziali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85b y36a8 w79b h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">1.<span class=\"_ _0\"></span>955<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85c y36a8 w79b h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">1.<span class=\"_ _0\"></span>716<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a9 w79c h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls214 ws4a3\">2. Aum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85d y36a9 w79d h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85e y36a9 w79e h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36aa w79f h475\"><div class=\"t m35 x1fa h1cf y36a6 ff1 fs43 fc0 sc0 ls215 ws4a4\">2.<span class=\"_ _1\"></span>2 Nuove imposte o incrementi di aliquote<span class=\"_ _1\"></span> fis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85f y36aa w7a0 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff1 fs43 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x405 y36ab w15f h1ce\"><div class=\"t m35 x24 h1cf y1d00 ff1 fs43 fc0 sc0 ls215 ws4a4\">2.<span class=\"_ _1\"></span>3 Altri aumenti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y36ac w7a1 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls214 ws4a3\">3. Dim<span class=\"_ _0\"></span>inuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x860 y36ac w7a2 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">(<span class=\"_ _0\"></span>0)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x861 y36ac w7a3 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">(<span class=\"_ _0\"></span>239)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36ad w7a4 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff1 fs43 fc0 sc0 ls216 ws4a5\">3.1 Rig<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x862 y36ad w7a5 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff1 fs43 fc0 sc0 ls216 ws4a6\">(<span class=\"_ _0\"></span>0)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x863 y36ad w7a6 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff1 fs43 fc0 sc0 ls216 ws4a6\">(239)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y36ab w15f h1ce\"><div class=\"t m35 x24 h1cf y1d03 ff1 fs43 fc0 sc0 ls215 ws4a4\">3.<span class=\"_ _1\"></span>2 Trasform<span class=\"_ _0\"></span>azione<span class=\"_ _1\"></span> in crediti d'imposta<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x405 y36ab w15f h1ce\"><div class=\"t m35 x24 h1cf y1d04 ff1 fs43 fc0 sc0 ls215 ws4a4\">3.<span class=\"_ _1\"></span>3 Altre diminuzion<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w7a7 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls217 ws4a7\">4.<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ort<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x864 y345e w79b h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">1.<span class=\"_ _0\"></span>956<span class=\"_ _4ac\"> </span></div></td><td class=\"c x865 y345e w7a8 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">1.955<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs730\">1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _13\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>rit<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> (<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"ls50 ws14b\">con<span class=\"_ _1c\"></span>tr<span class=\"_ _1c\"></span>opa<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _d\"></span>ta<span class=\"_ _1c\"></span> d<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _1c\"></span> c<span class=\"_ _1\"></span>ont<span class=\"_ _1c\"></span>o e<span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>nomi<span class=\"_ _1c\"></span>co)<span class=\"_ _d\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"gs731\"><table class=\"s w7a9 h476\" id=\"_1eab1940-ded9-4a10-b565-c50021da6bc2\"><tr><td></td><td class=\"c x866 y36af w7aa h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x867 y36af w7ab h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a9\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b0 w7ac h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls219 ws4aa\">1. Esist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x868 y36b0 w7ad h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">74.<span class=\"_ _0\"></span>343<span class=\"_ _4ac\"> </span></div></td><td class=\"c x869 y36b0 w7ad h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">81.<span class=\"_ _0\"></span>379<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b1 w7ae h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls21a ws4ac\">2. Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86a y36b1 w7af h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">1.<span class=\"_ _13\"></span>622<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86b y36b1 w7b0 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">1.<span class=\"_ _0\"></span>338<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b2 w7b1 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">2.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste diff<span class=\"_ _0\"></span>erite r<span class=\"_ _1\"></span>ilevate ne<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86c y36b2 w5c8 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86d y36b2 w7b2 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">324<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x86e y36b3 w7b3 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">c<span class=\"_ _0\"></span>) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86c y36b3 w5c8 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86d y36b3 w7b2 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">324<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b4 w7b4 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">2.<span class=\"_ _1\"></span>2 Nu<span class=\"_ _1\"></span>ove impos<span class=\"_ _0\"></span>te o increm<span class=\"_ _0\"></span>enti d<span class=\"_ _1\"></span>i aliquote<span class=\"_ _1\"></span> fis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86f y36b4 w7b5 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">1.620<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y36b5 w7b6 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">2.<span class=\"_ _1\"></span>3 Altri aumenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x870 y36b5 w7b7 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x871 y36b5 w7b5 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">1.014<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b6 w7b8 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls21a ws4ac\">3. Di<span class=\"_ _0\"></span>minuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x872 y36b6 w7b9 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>260)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x873 y36b6 w7b9 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>374)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b7 w7ba h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">3.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste diff<span class=\"_ _0\"></span>erite a<span class=\"_ _1\"></span>nnu<span class=\"_ _1\"></span>llate nell'<span class=\"_ _1c\"></span>es<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x874 y36b7 w7bb h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">(<span class=\"_ _0\"></span>8.208)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x875 y36b7 w7bb h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">(<span class=\"_ _0\"></span>8.374)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x86e y36b8 w7bc h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21d ws4af\">a) rig<span class=\"_ _0\"></span>iri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x876 y36b8 w7bb h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">(<span class=\"_ _0\"></span>8.208)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x877 y36b8 w7bb h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">(8.<span class=\"_ _0\"></span>374)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367d w7bd h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">3.<span class=\"_ _1\"></span>3 Altre diminuz<span class=\"_ _1\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x878 y367d w7be h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">(52)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y345e w7bf h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls21e ws4b0\">4.<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x879 y345e w7ad h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">67.<span class=\"_ _0\"></span>705<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87a y345e w7ad h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">74.<span class=\"_ _0\"></span>343<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16d ws3a5 gs732\">(*) Da<span class=\"_ _1\"></span>ti restated per effetto d<span class=\"_ _1\"></span>ella PPA <span class=\"_ _1\"></span>di Kairos SGR e della<span class=\"_ _1\"></span> PPA rilevata<span class=\"_ _1\"></span> da Vita Srl, si <span class=\"_ _1\"></span>rinvia a quanto<span class=\"_ _1\"></span> esposto nella<span class=\"_ _1c\"></span> Nota<span class=\"ls1 ws1\"> </span>integrativa co<span class=\"_ _1\"></span>nsolidata, Pa<span class=\"_ _1\"></span>rte </div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16e ws3a7 gs733\">A <span class=\"ls1 ws1\">- <span class=\"ls16d ws3a5\">Politiche Contabili,<span class=\"_ _1\"></span> Altre Informaz<span class=\"_ _1\"></span>ioni paragrafo \"<span class=\"_ _1\"></span>Restatement Bilancio 2<span class=\"_ _1\"></span>024\"<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs734\">L<span class=\"ls0 wsc6\">a sottovoce \u201c2.2 Nuove<span class=\"_ _0\"></span> imposte o increment<span class=\"_ _0\"></span>i di aliquote fiscali\u201d evidenz<span class=\"_ _0\"></span>ia la variazione </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs735\">dell\u2019aliquot<span class=\"_ _0\"></span>a IRAP per il t<span class=\"_ _0\"></span>riennio 2026 <span class=\"ls1 ws1\">\u2013 <span class=\"ls1c ws26\">2028 di <span class=\"_ _1\"></span>2 punti % p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span>la Legge 19<span class=\"_ _1c\"></span>9/2025 <span class=\"ls1 ws1\">\u2013 <span class=\"lse ws0\">Legge </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs736\">di Bilancio<span class=\"_ _0\"></span> 2026, con incremento delle<span class=\"_ _0\"></span> imposte differite iscr<span class=\"_ _0\"></span>itte su taluni intan<span class=\"_ _0\"></span>gibili a vita utile </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs737\">definit<span class=\"_ _0\"></span>a iscritti nel presente Bilanc<span class=\"_ _0\"></span>io Consolidato. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs738\">Nella sotto<span class=\"_ _0\"></span>voce \u201c3. Diminuzion<span class=\"_ _0\"></span>i <span class=\"ls1 ws1\">\u2013 </span>a) rigiri\u201d \u00e8 eviden<span class=\"_ _0\"></span>ziato lo scarico<span class=\"_ _0\"></span> dele imposte differ<span class=\"_ _0\"></span>ite passive </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs739\">dell\u2019eserc<span class=\"_ _0\"></span>izio riferite<span class=\"_ _0\"></span> alle attivit\u00e0 intangibili a vit<span class=\"_ _0\"></span>a u<span class=\"_ _0\"></span>tile definit<span class=\"_ _0\"></span>a individuate nei proces<span class=\"_ _0\"></span>si di PPA e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs73a\">in relazione alle<span class=\"_ _0\"></span> diverse aggregazioni azien<span class=\"_ _0\"></span>dali <span class=\"lsf ws1f\">ef<span class=\"_ _1\"></span>fett<span class=\"_ _1\"></span>uate d<span class=\"_ _1\"></span>al G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs73c\">1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _13\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>rit<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> (<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>tr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a de<span class=\"_ _11\"></span>l p<span class=\"_ _0\"></span>atr<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span> n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>)<span class=\"ls1 ws1\"> </span></div><div class=\"gs73d\"><table class=\"s w7d8 h478\" id=\"_93023f72-da18-4099-b832-80fd6451a1c9\"><tr><td></td><td class=\"c x820 y36c5 w7d9 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x895 y36c5 w7d9 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c6 w7da h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls220 ws4b2\">1. Esist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x896 y36c6 w7db h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">1.<span class=\"_ _0\"></span>202<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36c7 w162 h1d6\"><div class=\"t m38 xe1 h1d7 y1d2b ff2 fs46 fc0 sc0 ls221 ws4b4\">16<span class=\"_ _2ed\"></span><span class=\"ls1 ws4b5\">                     <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y36c8 w7dc h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls222 ws4b6\">2. Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x897 y36c8 w7dd h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">1.440<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36c7 w162 h1d6\"><div class=\"t m38 xdd h1d7 y1d2d ff2 fs46 fc0 sc0 ls221 ws4b4\">1.186<span class=\"_ _2ed\"></span><span class=\"ls1 ws4b5\">                <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y36c9 w7de h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls223 ws4b7\">2.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste diff<span class=\"_ _0\"></span>erite r<span class=\"_ _1\"></span>ilevate ne<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x898 y36c9 w7df h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls224 ws4b8\">1.403<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36ca w162 h1d4\"><div class=\"t m38 xdd h1d7 y1ca9 ff1 fs46 fc0 sc0 ls225 ws4b9\">1.186<span class=\"_ _2ed\"></span><span class=\"ls1 ws4b5\">                <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x899 y36cb w7e0 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls223 ws4b7\">c<span class=\"_ _0\"></span>) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89a y36cb w7e1 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls224 ws4b8\">1.403<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36cc w162 h1d4\"><div class=\"t m38 xdd h1d7 y1d32 ff1 fs46 fc0 sc0 ls225 ws4b9\">1.186<span class=\"_ _2ed\"></span><span class=\"ls1 ws4b5\">                <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y36cd w7e2 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls223 ws4b7\">2.<span class=\"_ _1\"></span>3 Altri aumenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89b y36cd w7e3 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls224 ws4b8\">38<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36ce w162 h1d4\"><div class=\"t m38 x113 h1d7 y1d34 ff1 fs46 fc1 sc0 ls1 ws1\">-<span class=\"_ _2ef\"></span><span class=\"ws4b5\">                    <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y36cf w7e4 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls222 ws4b6\">3. Di<span class=\"_ _0\"></span>minuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89c y36cf w7e5 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">(<span class=\"_ _0\"></span>38)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y36d0 w7e6 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls223 ws4b7\">3.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste diff<span class=\"_ _0\"></span>erite a<span class=\"_ _1\"></span>nnu<span class=\"_ _1\"></span>llate nell'<span class=\"_ _1c\"></span>es<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89d y36d0 w7e7 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls224 ws4b8\">(38)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36d1 w162 h1d4\"><div class=\"t m38 x113 h1d7 y1d38 ff1 fs46 fc1 sc0 ls1 ws1\">-<span class=\"_ _2ef\"></span><span class=\"ws4b5\">                    <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x899 y36d2 w7e8 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls226 ws4ba\">a) rig<span class=\"_ _0\"></span>iri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89e y36d2 w7e9 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls224 ws4b8\">(<span class=\"_ _0\"></span>38)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y345e w7ea h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls227 ws4bb\">4.<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89f y345e w7eb h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">2.<span class=\"_ _13\"></span>605<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36c7 w162 h1d6\"><div class=\"t m38 xdd h1d7 y1d3b ff2 fs46 fc0 sc0 ls221 ws4b4\">1.202<span class=\"_ _2ed\"></span><span class=\"ls1 ws4b5\">                <span class=\"ws1\"> </span></span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws67 gs73e\">La voc<span class=\"_ _1\"></span>e \u201c2.1 I<span class=\"_ _1\"></span>mpost<span class=\"_ _1\"></span>e diff<span class=\"_ _1\"></span>erite ri<span class=\"_ _1\"></span>levate <span class=\"_ _1\"></span>nell\u2019es<span class=\"_ _1c\"></span>ercizio <span class=\"ls1 ws1\">- <span class=\"_ _11\"></span><span class=\"ls0 ws86\">c) altre\u201d si r<span class=\"_ _0\"></span>iferisce alla rile<span class=\"_ _0\"></span>vazione delle </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs73f\">imposte<span class=\"_ _0\"></span> differite iscritte in re<span class=\"_ _0\"></span>lazione alla variazione posit<span class=\"_ _0\"></span>iva di fair value re<span class=\"_ _0\"></span>gistrata nell\u2019e<span class=\"_ _0\"></span>sercizio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs740\">delle azioni di BMPS<span class=\"_ _0\"></span> detenute in portafoglio dalla Soc<span class=\"_ _0\"></span>iet\u00e0.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-709": {
   "value": "Sezione 10 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"ls44 ws452\">A<span class=\"_ _0\"></span>ttivi<span class=\"_ _0\"></span>t\u00e0 fiscal<span class=\"_ _0\"></span>i e pas<span class=\"_ _0\"></span>sivit\u00e0 f<span class=\"_ _0\"></span>iscal<span class=\"_ _0\"></span>i </span>\u2013 <span class=\"_ _13\"></span></span>Voce 100 dell<span class=\"_ _0\"></span>\u2019attivo e Voce 60 del<span class=\"_ _0\"></span> passivo<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Le attivit\u00e0 e passivit<span class=\"_ _0\"></span>\u00e0 fiscali correnti accolgono il saldo netto delle posizioni fiscali de<span class=\"_ _0\"></span>lle singole soci<span class=\"_ _1\"></span>et\u00e0 d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Anim<span class=\"_ _1\"></span>a nei <span class=\"_ _1c\"></span>confro<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>elle <span class=\"_ _1\"></span><span class=\"ls0 ws0\">rispettive Amminis<span class=\"_ _0\"></span>trazioni finanzia<span class=\"_ _0\"></span>rie.<span class=\"ls1 ws1\"> </span></span>Si ricorda che la Societ\u00e0 ha ader<span class=\"_ _0\"></span>ito per il triennio 2023<span class=\"ls1 ws1\">-</span>2025, in qualit\u00e0 di consolidante, al regime di ta<span class=\"_ _1\"></span>ssazi<span class=\"_ _1\"></span>one di<span class=\"_ _1\"></span> grup<span class=\"_ _1\"></span>po e<span class=\"_ _1\"></span>x artt<span class=\"_ _1\"></span>. 117 <span class=\"_ _1\"></span>e seg<span class=\"_ _1\"></span>. del T.<span class=\"_ _1\"></span>U.I.R<span class=\"_ _1\"></span>. (co<span class=\"_ _1\"></span>sidd<span class=\"_ _1\"></span>etto \u201c<span class=\"_ _1\"></span>Cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ato fi<span class=\"_ _1\"></span>scal<span class=\"_ _1\"></span>e naz<span class=\"_ _1\"></span>ional<span class=\"_ _1\"></span>e\u201d)<span class=\"_ _1\"></span> con l<span class=\"_ _1\"></span>e con<span class=\"_ _1c\"></span>trollat<span class=\"_ _1\"></span>e Ani<span class=\"_ _1\"></span>ma SGR<span class=\"_ _1c\"></span> e Ani<span class=\"_ _1\"></span>ma Alt<span class=\"_ _1\"></span>erna<span class=\"_ _1\"></span>tive S<span class=\"_ _1\"></span>GR<span class=\"ls1 ws1\"> <span class=\"ls11 ws58\">(\u201cIRES di Gruppo\u201d). Per tale motivo nello </span></span>stato patrimoniale<span class=\"_ _0\"></span> vengono rappresentate nelle \u201cAttivit\u00e0 fiscali corrent<span class=\"_ _0\"></span>i\u201d e/o nelle \u201cPassivit\u00e0 fiscali correnti\u201d il s<span class=\"_ _0\"></span>aldo netto tra gli acconti versati e le imposte di c<span class=\"_ _1\"></span>ompeten<span class=\"_ _0\"></span>za dell\u2019esercizio in relazione all\u2019I<span class=\"_ _0\"></span><span class=\"lse ws16\">RES di Gruppo.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></span>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>cali c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>i e<span class=\"_ _13\"></span> an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ate<span class=\"_ _11\"></span>: c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>V<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> 1<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span> a) \u201cat<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>cali c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>rre<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span><table class=\"s w737 h46c\" id=\"_b7e43246-0103-4fc6-b4d8-c2f433c73f60\"><tr><td></td><td class=\"c x811 y367f w738 h43f\"><div class=\"t m2f x1fa h1b0 y367e ff2 fs3d fc0 sc0 ls1ef ws46d\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x812 y367f w739 h43f\"><div class=\"t m2f x1fa h1b0 y367e ff2 fs3d fc0 sc0 ls1ef ws46d\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3680 w73a h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f0 ws46e\">I<span class=\"_ _0\"></span>RA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x813 y3680 w73b h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f1 ws46f\">1.455<span class=\"_ _4ac\"> </span></div></td><td class=\"c x814 y3680 w73b h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f1 ws46f\">1.657<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3681 w73c h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f0 ws46e\">I<span class=\"_ _0\"></span>RES<span class=\"_ _4ac\"> </span></div></td><td class=\"c x815 y3681 w73d h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f1 ws46f\">456<span class=\"_ _4ac\"> </span></div></td><td class=\"c x816 y3681 w73b h43f\"><div class=\"t m2f x1fa h1b0 y367e ff1 fs3d fc0 sc0 ls1f1 ws46f\">4.729<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w73e h43f\"><div class=\"t m2f x1fa h1b0 y367e ff2 fs3d fc0 sc0 ls1f2 ws471\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x817 y345e w73f h43f\"><div class=\"t m2f x1fa h1b0 y367e ff2 fs3d fc0 sc0 ls1ef ws46d\">1.<span class=\"_ _0\"></span>912<span class=\"_ _4ac\"> </span></div></td><td class=\"c x818 y345e w740 h43f\"><div class=\"t m2f x1fa h1b0 y367e ff2 fs3d fc0 sc0 ls1ef ws46d\">6.<span class=\"_ _0\"></span>386<span class=\"_ _4ac\"> </span></div></td></tr></table>Si evidenzia che nelle attivit\u00e0 fiscali corrent<span class=\"_ _0\"></span>i il saldo IRAP pari a circa E<span class=\"_ _1\"></span>uro 1,4 milion<span class=\"_ _0\"></span>i \u00e8 riveniente dal credito<span class=\"_ _0\"></span> derivante dalla differenza tr<span class=\"_ _0\"></span>a gli acconti versati rispetto<span class=\"_ _0\"></span> alla quantificazione dell\u2019impost<span class=\"_ _0\"></span>a calcolata sulla base<span class=\"_ _0\"></span> imponibile dell\u2019e<span class=\"_ _0\"></span>sercizio di Ka<span class=\"_ _0\"></span>iros SGR, Anima SGR e<span class=\"_ _0\"></span> Castello SG<span class=\"_ _0\"></span>R.<span class=\"ls1 ws1\"> </span>Ai fini IRES,<span class=\"_ _0\"></span> si evidenzia che il saldo sopr<span class=\"_ _0\"></span>a esposto, pari a circa Euro<span class=\"_ _0\"></span> 0.5 milioni, deriva dal credito derivante dagli ac<span class=\"_ _0\"></span>conti versati da Kairos<span class=\"_ _0\"></span> SGR (in anni precedenti) al netto<span class=\"_ _0\"></span> dell\u2019imposta quantificata dalla<span class=\"_ _0\"></span> controllata su<span class=\"_ _0\"></span>lla sua base imponibile dell\u2019<span class=\"ws29\">esercizio.<span class=\"ls1 ws1\"> </span></span>V<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> 1<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> \u201catt<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 fis<span class=\"_ _13\"></span>cali an<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>icip<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"ls1 ws1\"> </span>Di seguito vengono esposti gli eventi che generano differenze temporali e la relativa fiscalit\u00e0 anticipata.<span class=\"ls1 ws1\"> </span><table class=\"s w741 h46d\" id=\"_647c40fd-bccb-43b1-a81a-4d87ab54031b\"><tr><td></td><td class=\"c x811 y3682 w742 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff2 fs3e fc0 sc0 ls1f3 ws472\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x819 y3682 w743 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff2 fs3e fc0 sc0 ls1f3 ws473\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2024 (*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3683 w744 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f4 ws474\">A<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>onam<span class=\"_ _13\"></span>enti a f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ndi ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x81a y3683 w745 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">7.638<span class=\"_ _4ac\"> </span></div></td><td class=\"c x81b y3683 w746 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">7.741<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3684 w747 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f6 ws477\">Af<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rancam<span class=\"_ _0\"></span>ento avviam<span class=\"_ _0\"></span>ento<span class=\"_ _4ac\"> </span></div></td><td class=\"c x81c y3684 w748 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">842<span class=\"_ _4ac\"> </span></div></td><td class=\"c x81d y3684 w749 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">842<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x808 y3685 w15b h1b7\"><div class=\"t m30 x24 h1b4 y1c82 ff1 fs3e fc0 sc0 ls1f7 ws478\">Af<span class=\"_ _0\"></span>franc<span class=\"_ _0\"></span>amento avviamento Cas<span class=\"_ _0\"></span>tello </div></td><td class=\"c x81e y3686 w74a h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">13.860<span class=\"_ _4ac\"> </span></div></td><td class=\"c x81f y3686 w74b h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">13.357<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x808 y3685 w15b h1b7\"><div class=\"t m30 x24 h1b4 y1c83 ff1 fs3e fc0 sc0 ls1f8 ws479\">SGR<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x808 y3687 w15b h1b7\"><div class=\"t m30 x24 h1b4 y1c86 ff1 fs3e fc0 sc0 ls1f9 ws47a\">A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ortam<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o ex Apert<span class=\"_ _0\"></span>a SG<span class=\"_ _0\"></span>R e </div></td><td class=\"c x820 y3688 w749 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">359<span class=\"_ _4ac\"> </span></div></td><td class=\"c x821 y3688 w749 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">359<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x808 y3687 w15b h1b7\"><div class=\"t m30 x24 h1b4 y1c87 ff1 fs3e fc0 sc0 ls1f7 ws478\">Aletti G<span class=\"_ _0\"></span>estielle SG<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3689 w74c h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f7 ws47b\">Altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x822 y3689 w749 h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">778<span class=\"_ _4ac\"> </span></div></td><td class=\"c x823 y3689 w74d h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff1 fs3e fc0 sc0 ls1f5 ws475\">1.<span class=\"_ _0\"></span>028<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w74e h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff2 fs3e fc0 sc0 ls1fa ws47c\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x824 y345e w74f h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff2 fs3e fc0 sc0 ls1f3 ws472\">23.<span class=\"_ _0\"></span>477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x825 y345e w74f h441\"><div class=\"t m30 x1fa h1b4 y35c4 ff2 fs3e fc0 sc0 ls1f3 ws472\">23.<span class=\"_ _0\"></span>327<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) Da<span class=\"_ _1\"></span>ti restated<span class=\"ls1 ws1\"> </span>per effe<span class=\"_ _1\"></span>tto della PPA <span class=\"_ _1\"></span>di Kairos SGR e della<span class=\"_ _1\"></span> PPA rilevata<span class=\"_ _1\"></span> da Vita Srl, si <span class=\"_ _1\"></span>rinvia a quanto<span class=\"_ _1\"></span> esposto nella<span class=\"_ _1c\"></span> Nota integrativa conso<span class=\"_ _1\"></span><span class=\"lsb5 ws1ba\">lidat<span class=\"_ _0\"></span>a, Parte </span>A <span class=\"ls1 ws1\">- <span class=\"ls16d ws3a5\">Politiche Contabili,<span class=\"_ _1\"></span> Altre Informaz<span class=\"_ _1\"></span>ioni paragrafo \"<span class=\"_ _1\"></span>Restatement Bilancio 2<span class=\"_ _1\"></span>024\"<span class=\"ls1 ws1\"> </span></span></span>Le attiv<span class=\"_ _1\"></span>it\u00e0 per i<span class=\"_ _1\"></span>mposte a<span class=\"_ _1\"></span>nticipate<span class=\"_ _1\"></span> presentan<span class=\"_ _1\"></span>o un <span class=\"_ _1\"></span>saldo pari<span class=\"_ _1\"></span> a circ<span class=\"_ _1\"></span>a Euro 2<span class=\"_ _1\"></span>3,5 mil<span class=\"_ _1\"></span>ioni (ci<span class=\"_ _1\"></span>rca Euro 2<span class=\"_ _1\"></span>3,3 milioni al 31 d<span class=\"_ _0\"></span>icembre 2024) <span class=\"_ _0\"></span><span class=\"ls30 ws84\">e ricomp<span class=\"_ _1c\"></span>rendon<span class=\"_ _1\"></span>o princ<span class=\"_ _1\"></span>ipal<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e (i) l<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>oste di<span class=\"_ _1\"></span>fferi<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tive, p<span class=\"_ _1\"></span>er </span>circa <span class=\"_ _86\"></span><span class=\"ls1ee ws45e\">Euro 13,9 milioni, rilevate dalla<span class=\"_ _0\"></span> Societ\u00e0 in seguito all\u2019esercizio </span>\u2013 <span class=\"_ _86\"></span><span class=\"ls1ed ws45f\">effett<span class=\"_ _0\"></span>uato a giugno 2024 </span>-<span class=\"ws460\">  </span>dell\u2019opzione di ria<span class=\"_ _0\"></span>llineamento dei valori fiscali ai maggiori valor<span class=\"_ _0\"></span>i contabili (\u201cAffrancamento\u201d) <span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ws462\">ai sensi </span></span>dell\u2019art<span class=\"_ _0\"></span>. 15, comma 10<span class=\"_ _1\"></span>, D.L. 29 novembre 2008, n. <span class=\"ws464\">185 <span class=\"_ _20\"> </span><span class=\"ls1 ws1\">- <span class=\"_ _17\"> </span><span class=\"ls1ee ws465\">in<span class=\"_ _0\"></span> relazione al valore<span class=\"_ _1\"></span> dell\u2019avviamento </span></span></span>implicito nell\u2019a<span class=\"_ _0\"></span>cquisto della <span class=\"ls1ec ws466\">partecip<span class=\"_ _1\"></span>azione i<span class=\"_ _1\"></span>n Cast<span class=\"_ _1\"></span>ello SGR (<span class=\"_ _1c\"></span>al riguardo<span class=\"_ _1\"></span> si ri<span class=\"_ _1\"></span>nvia a <span class=\"_ _1\"></span>quanto e<span class=\"_ _1\"></span>videnzia<span class=\"_ _1\"></span>to </span>nella sezione \u201cFatti di rilievo avvenuti<span class=\"_ _1\"></span> nell\u2019esercizio per il Gruppo Anima <span class=\"ls1 ws1\">\u2013<span class=\"_ _1\"></span> <span class=\"_ _11\"></span><span class=\"ls1ee ws468\">Riallineamento ai sensi </span></span>D.L. 185/2008\u201d della<span class=\"_ _0\"></span> Relazione sulla<span class=\"_ _0\"></span> gestione consolidata ch<span class=\"_ _0\"></span>e accompagna il Bil<span class=\"ls1ec ws46a\">ancio consolid<span class=\"_ _1c\"></span>ato </span>chiuso al<span class=\"_ _1\"></span> 31 dicembre<span class=\"_ _1\"></span> 2024<span class=\"_ _1\"></span>); si segnala c<span class=\"_ _1\"></span>he l\u2019impo<span class=\"_ _1c\"></span>rto \u00e8 stato adegu<span class=\"_ _1\"></span>ato di ci<span class=\"_ _1\"></span>rca Euro 0<span class=\"_ _1\"></span>,5 milioni pe<span class=\"_ _1\"></span>r le maggi<span class=\"_ _1\"></span>ori impo<span class=\"_ _1\"></span>ste anti<span class=\"_ _1c\"></span>cipate che sa<span class=\"_ _1\"></span>ranno <span class=\"_ _1\"></span>riversate<span class=\"_ _1\"></span> nel trie<span class=\"_ _1\"></span>nnio 202<span class=\"_ _1\"></span>6<span class=\"ls1 ws1\">-<span class=\"ls1ee ws467\">28 dalla Societ\u00e0 a seguito </span></span>della variazione di 2 p<span class=\"_ _1\"></span>unti % dell\u2019aliq<span class=\"ls1ed ws46c\">uota Irap previsto dalla Legge 199/2025<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls1ed ws46c\">Leg<span class=\"_ _0\"></span>ge di Bilancio 2026</span></span></span><span class=\"ls1ed ws46c\"><span class=\"ls1 ws1\"><span class=\"ls1ed ws46c\"> </span></span></span>e (ii) le<span class=\"_ _1c\"></span> imposte anti<span class=\"_ _1c\"></span>pate inseri<span class=\"_ _1\"></span>te nell<span class=\"_ _1\"></span>a sottovo<span class=\"_ _1\"></span>ce \u201ca<span class=\"_ _1\"></span>ccantoname<span class=\"_ _1\"></span>nto a fo<span class=\"_ _1c\"></span>ndo rischi\u201d<span class=\"_ _1\"></span> per ci<span class=\"_ _1\"></span>rca Euro<span class=\"_ _1\"></span> 7,7 milioni,<span class=\"_ _1\"></span> correlate<span class=\"_ _1c\"></span> allo stanzia<span class=\"_ _1\"></span>mento de<span class=\"_ _1\"></span>lla retri<span class=\"_ _1c\"></span>buzione vari<span class=\"_ _1\"></span>abile di <span class=\"_ _1\"></span>compete<span class=\"_ _1\"></span>nza del<span class=\"_ _1\"></span>l\u2019esercizio<span class=\"_ _1c\"></span> accanton<span class=\"_ _1\"></span>ata in con<span class=\"_ _1\"></span>tropa<span class=\"_ _1\"></span>rtita della<span class=\"_ _1\"></span> voca \u201c100 <span class=\"_ _1\"></span><span class=\"ls1 ws1\">- <span class=\"ls1ec ws45c\">Fondi pe<span class=\"_ _1\"></span>r r<span class=\"ls1ee ws47e\">ischi e oneri\u201d.<span class=\"ls1 ws1\"> </span></span></span></span>Voce 100 b) \u201cAttiv<span class=\"_ _0\"></span>it\u00e0 fiscali anticipate<span class=\"_ _0\"></span>\u201d (di cui alla L. 214/2011)<span class=\"ls1 ws1\"> </span><table class=\"s w750 h46e\" id=\"_358393a0-0bbb-47e5-9b90-bac11aa564c8\"><tr><td></td><td class=\"c x811 y368b w751 h43f\"><div class=\"t m31 x1fa h1bb y368a ff2 fs3f fc0 sc0 ls1fb ws480\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x826 y368b w752 h43f\"><div class=\"t m31 x1fa h1bb y368a ff2 fs3f fc0 sc0 ls1fb ws480\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y368c w753 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fc ws481\">Af<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rancam<span class=\"_ _0\"></span>ento avviam<span class=\"_ _0\"></span>ento<span class=\"_ _4ac\"> </span></div></td><td class=\"c x827 y368c w754 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">842<span class=\"_ _4ac\"> </span></div></td><td class=\"c x828 y368c w754 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">842<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y368d w15b h1bd\"><div class=\"t m31 x24 h1bb y1cab ff1 fs3f fc0 sc0 ls1fe ws484\">A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ortam<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o ex Apert<span class=\"_ _0\"></span>a SG<span class=\"_ _0\"></span>R e </div></td><td class=\"c x820 y368e w754 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">359<span class=\"_ _4ac\"> </span></div></td><td class=\"c x829 y368e w754 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">359<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y368d w15b h1bd\"><div class=\"t m31 x24 h1bb y1cac ff1 fs3f fc0 sc0 ls1ff ws485\">Aletti G<span class=\"_ _0\"></span>estielle SG<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y367d w755 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1ff ws486\">Altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x82a y367d w756 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">39<span class=\"_ _4ac\"> </span></div></td><td class=\"c x82b y367d w757 h43f\"><div class=\"t m31 x1fa h1bb y368a ff1 fs3f fc0 sc0 ls1fd ws482\">37<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w758 h43f\"><div class=\"t m31 x1fa h1bb y368a ff2 fs3f fc0 sc0 ls200 ws487\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x82c y345e w759 h43f\"><div class=\"t m31 x1fa h1bb y368a ff2 fs3f fc0 sc0 ls1fb ws480\">1.<span class=\"_ _0\"></span>240<span class=\"_ _4ac\"> </span></div></td><td class=\"c x82d y345e w75a h43f\"><div class=\"t m31 x1fa h1bb y368a ff2 fs3f fc0 sc0 ls1fb ws480\">1.<span class=\"_ _0\"></span>238<span class=\"_ _4ac\"> </span></div></td></tr></table>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 fis<span class=\"_ _13\"></span>cali c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>Voce 60 a) \u201cPassivit\u00e0 fiscali correnti\u201d<span class=\"ff5 ls1 ws1\"> </span><table class=\"s w75b h46f\" id=\"_e2c82a55-a8d8-4c83-9701-d82f62a0d50b\"><tr><td></td><td class=\"c x82e y3690 w75c h43f\"><div class=\"t m32 x1fa h1c0 y368f ff2 fs40 fc0 sc0 ls201 ws488\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x82f y3690 w75d h43f\"><div class=\"t m32 x1fa h1c0 y368f ff2 fs40 fc0 sc0 ls201 ws488\">31.12.<span class=\"_ _13\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3691 w75e h43f\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls202 ws489\">I<span class=\"_ _0\"></span>RA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x830 y3691 w75f h43f\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls203 ws48a\">6.817<span class=\"_ _4ac\"> </span></div></td><td class=\"c x831 y3691 w760 h43f\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls203 ws48a\">10.387<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3692 w761 h453\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls202 ws489\">I<span class=\"_ _0\"></span>RES<span class=\"_ _4ac\"> </span></div></td><td class=\"c x832 y3692 w762 h453\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls203 ws48a\">4.<span class=\"_ _0\"></span>659<span class=\"_ _4ac\"> </span></div></td><td class=\"c x833 y3692 w760 h453\"><div class=\"t m32 x1fa h1c0 y368f ff1 fs40 fc0 sc0 ls203 ws48a\">27.922<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w763 h453\"><div class=\"t m32 x1fa h1c0 y368f ff2 fs40 fc0 sc0 ls204 ws48c\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x834 y345e w764 h453\"><div class=\"t m32 x1fa h1c0 y368f ff2 fs40 fc0 sc0 ls201 ws488\">11.<span class=\"_ _0\"></span>476<span class=\"_ _4ac\"> </span></div></td><td class=\"c x835 y345e w765 h453\"><div class=\"t m32 x1fa h1c0 y368f ff2 fs40 fc0 sc0 ls201 ws488\">38.<span class=\"_ _0\"></span>309<span class=\"_ _4ac\"> </span></div></td></tr></table>Si evidenzia che nelle passivit<span class=\"_ _0\"></span>\u00e0 fiscali correnti il saldo IRAP sopra riportato, pari a circa Euro 6,8 milioni, \u00e8 riveniente da Anima Holding per circa Euro 6,7 milioni, da Anima Alternative SGR per circa Euro<span class=\"_ _0\"></span> 0,1 milioni e per circa Euro 31 mila Vita Srl.<span class=\"ls1 ws1\">  </span>Ai fini IRES, si evidenzia che il saldo sopra esposto, pari a circa Euro 4,7 <span class=\"_ _1\"></span>milioni, deriva principalmente<span class=\"_ _0\"></span> dal debito per l\u2019IRES di Gruppo per<span class=\"_ _0\"></span> circa Euro 4,5 milioni.<span class=\"ls1 ws1\"> </span>Di seguito vengono esposti gli eventi che generano differenze temporali e la relativa fiscalit\u00e0 differit<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span>Voce 60 b) \"Passivit<span class=\"_ _0\"></span>\u00e0 fiscali differite\"<span class=\"ls1 ws1\"> </span><table class=\"s w766 h470\" id=\"_de278d8d-4958-4669-9ccb-0ae1c01bb3b6\"><tr><td></td><td class=\"c x82e y3694 w767 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff2 fs41 fc0 sc0 ls205 ws48d\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x836 y3694 w768 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff2 fs41 fc0 sc0 ls205 ws48e\">31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3695 w769 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls206 ws48f\">Avviam<span class=\"_ _0\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x837 y3695 w76a h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">7.595<span class=\"_ _4ac\"> </span></div></td><td class=\"c x838 y3695 w76b h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">7.595<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3696 w76c h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls206 ws492\">Attivit\u00e0 im<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ateriali pe<span class=\"_ _1\"></span>r PPA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x839 y3696 w76d h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">60.110<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83a y3696 w76e h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">66.<span class=\"_ _0\"></span>696<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3697 w76f h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls206 ws492\">Azioni MPS<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83b y3697 w770 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">2.589<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83c y3697 w770 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">1.186<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3698 w15d h1c2\"><div class=\"t m33 x24 h1c3 y1cc0 ff1 fs41 fc0 sc0 ls206 ws48f\">Altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83d y3699 w771 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">16<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83e y3699 w772 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff1 fs41 fc0 sc0 ls207 ws490\">68<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w773 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff2 fs41 fc0 sc0 ls208 ws493\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x83f y345e w774 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff2 fs41 fc0 sc0 ls205 ws48d\">70.<span class=\"_ _0\"></span>310<span class=\"_ _4ac\"> </span></div></td><td class=\"c x840 y345e w775 h453\"><div class=\"t m33 x1fa h1c3 y3693 ff2 fs41 fc0 sc0 ls205 ws48d\">75.<span class=\"_ _0\"></span>545<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) Da<span class=\"_ _1\"></span>ti restated per effetto d<span class=\"_ _1\"></span>ella PPA <span class=\"_ _1\"></span>di Kairos SGR e della<span class=\"_ _1\"></span> PPA rilevata<span class=\"_ _1\"></span> da Vita Srl, si <span class=\"_ _1\"></span>rinvia a quanto<span class=\"_ _1\"></span> esposto nella<span class=\"_ _1c\"></span> Nota<span class=\"ls1 ws1\"> </span>integrativa co<span class=\"_ _1\"></span>nsolidata, Pa<span class=\"_ _1\"></span>rte A <span class=\"ls1 ws1\">- <span class=\"ls16d ws47f\">Politiche <span class=\"ws3a5\">Contabili,<span class=\"_ _1\"></span> Altre Informaz<span class=\"_ _1\"></span>ioni paragrafo \"<span class=\"_ _1\"></span>Restatement Bilancio 2<span class=\"_ _1\"></span>024\"</span></span></span><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs717\">Le passivit\u00e0<span class=\"_ _0\"></span> per imposte differite presentano un<span class=\"_ _0\"></span> saldo pari a circa Euro 70,3 milioni (circa Euro<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf3 gs718\">75,5 milioni al 31 dicembre 2024) e ricomprendono principalmente (i) le imposte differite<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs719\">passive residue riferite alle attiv<span class=\"_ _0\"></span>it\u00e0 intangibili a vita utile defi<span class=\"lse ws28\">nita individu<span class=\"_ _0\"></span>ate nei processi di PPA<span class=\"_ _4ac\"> </span></span><span class=\"lse ws28\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs71a\">e in relaz<span class=\"_ _0\"></span>ione alle diverse aggregazioni az<span class=\"_ _0\"></span>iendali effettuate dal Gru<span class=\"_ _0\"></span>ppo Anima; la sottovoce, al<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws104 gs71b\">net<span class=\"_ _1\"></span>to deg<span class=\"_ _1\"></span>li util<span class=\"_ _1\"></span>izzi<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>\u2019es<span class=\"_ _1\"></span>erciz<span class=\"_ _1\"></span>io, \u00e8 <span class=\"_ _1\"></span>stata<span class=\"_ _1\"></span> anc<span class=\"_ _1\"></span>h\u2019es<span class=\"_ _1\"></span>sa ad<span class=\"_ _1\"></span>egua<span class=\"_ _1\"></span>ta, p<span class=\"_ _1\"></span>er un i<span class=\"_ _1\"></span>mpor<span class=\"_ _1\"></span>to in a<span class=\"_ _1c\"></span>umento d<span class=\"_ _1c\"></span>i circ<span class=\"_ _1\"></span>a<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws6f gs71c\">Euro<span class=\"_ _0\"></span> 1,6 m<span class=\"_ _0\"></span>ilion<span class=\"_ _0\"></span>i, per <span class=\"_ _0\"></span><span class=\"ls0 ws8c\">le maggior<span class=\"_ _0\"></span>i imposte differite<span class=\"_ _0\"></span> che sar<span class=\"_ _0\"></span>anno riversate n<span class=\"_ _0\"></span>el triennio 20<span class=\"_ _0\"></span>26<span class=\"ls1 ws1\">-<span class=\"ls32 ws141\">28 a<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ls0 ws8c\"><span class=\"ls1 ws1\"><span class=\"ls32 ws141\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs71d\">seguito della variaz<span class=\"_ _0\"></span>ione di 2 p<span class=\"_ _1\"></span>unti % dell\u2019aliquota Irap previsti dalla Legge 199/2025 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _0\"></span><span class=\"lse ws57\">Legge di<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"lse ws57\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs71e\">Bilancio 2026<span class=\"_ _0\"></span> e (ii) la fis<span class=\"_ _0\"></span>calit\u00e0 differ<span class=\"_ _0\"></span>ita IRES quant<span class=\"_ _0\"></span>ificata sul delta<span class=\"_ _0\"></span> fair value posit<span class=\"_ _0\"></span>ivo delle azioni<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs71f\">di BMPS in port<span class=\"_ _0\"></span>afoglio, valorizzate<span class=\"_ _0\"></span> dalla Societ\u00e0 nella voce \u201c30.<span class=\"_ _0\"></span> Attivit\u00e0 finanziarie v<span class=\"_ _0\"></span>alutate al fair<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs720\">value con impatto sulla re<span class=\"_ _0\"></span>dditivit\u00e0 complessiva<span class=\"_ _0\"></span>\u201d.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs721\">1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _13\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span> a<span class=\"_ _1\"></span>n<span class=\"_ _13\"></span>tic<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> (in<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _13\"></span>art<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a de<span class=\"_ _13\"></span>l c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>)<span class=\"ls1 ws1\"> </span></div><div class=\"gs722\"><table class=\"s w776 h471\" id=\"_20208625-2588-4c5d-ab0b-9e84cc7455dd\"><tr><td></td><td class=\"c x841 y369a w777 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x842 y369a w778 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws496\">31.12.<span class=\"_ _13\"></span>2024 (*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y369b w779 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls20a ws497\">1. Esist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x843 y369b w77a h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">23.<span class=\"_ _0\"></span>327<span class=\"_ _4ac\"> </span></div></td><td class=\"c x844 y369b w77b h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">4.461<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y369c w77c h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls20b ws499\">2. Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x845 y369c w77b h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">8.407<span class=\"_ _4ac\"> </span></div></td><td class=\"c x846 y369c w77d h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">23.185<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y369d w77e h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20c ws49a\">2.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste anticipate rilevate n<span class=\"_ _1\"></span>ell'e<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x847 y369d w77f h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">7.865<span class=\"_ _4ac\"> </span></div></td><td class=\"c x848 y369d w780 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">21.537<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x849 y369f w781 h472\"><div class=\"t m34 x1fa h1cb y369e ff5 fs42 fc0 sc0 ls20e ws49c\">d<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span> alt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84a y369f w782 h472\"><div class=\"t m34 x1fa h1cb y369e ff5 fs42 fc0 sc0 ls20f ws49d\">7.865<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84b y369f w783 h472\"><div class=\"t m34 x1fa h1cb y369e ff5 fs42 fc0 sc0 ls20f ws49d\">21.537<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a0 w784 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20c ws49a\">2.<span class=\"_ _1\"></span>2 Nu<span class=\"_ _1\"></span>ove impos<span class=\"_ _0\"></span>te o increm<span class=\"_ _0\"></span>enti d<span class=\"_ _1\"></span>i aliquote<span class=\"_ _1\"></span> fis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84c y36a0 w785 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">542<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84d y36a0 w786 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a1 w787 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20c ws49a\">2.<span class=\"_ _1\"></span>3 Altri aumenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84e y36a1 w786 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x84f y36a1 w788 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">1.<span class=\"_ _0\"></span>648<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a2 w789 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls20b ws499\">3. Di<span class=\"_ _0\"></span>minuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x850 y36a2 w78a h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>257)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x851 y36a2 w78b h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">(<span class=\"_ _0\"></span>4.<span class=\"_ _0\"></span>319)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a3 w78c h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20c ws49a\">3.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste anticipate annu<span class=\"_ _1c\"></span>llate nell'e<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x852 y36a3 w78d h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">(<span class=\"_ _0\"></span>8.257)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x853 y36a3 w78e h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">(4.317)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x849 y36a5 w78f h473\"><div class=\"t m34 x1fa h1cb y36a4 ff5 fs42 fc0 sc0 ls210 ws49e\">a) rig<span class=\"_ _0\"></span>iri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x854 y36a5 w790 h473\"><div class=\"t m34 x1fa h1cb y36a4 ff5 fs42 fc0 sc0 ls20f ws49d\">(8.257)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x855 y36a5 w791 h473\"><div class=\"t m34 x1fa h1cb y36a4 ff5 fs42 fc0 sc0 ls20f ws49d\">(4.317)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fc w792 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20c ws49a\">3.<span class=\"_ _1\"></span>3 Altre diminuz<span class=\"_ _1\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x856 y35fc w793 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x857 y35fc w794 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff1 fs42 fc0 sc0 ls20d ws49b\">(<span class=\"_ _0\"></span>2)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w795 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls211 ws49f\">4.<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x858 y345e w77a h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">23.<span class=\"_ _0\"></span>477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x859 y345e w796 h441\"><div class=\"t m34 x1fa h1c9 y35f0 ff2 fs42 fc0 sc0 ls209 ws495\">23.<span class=\"_ _0\"></span>327<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16d ws3a5 gs723\">(*) Da<span class=\"_ _1\"></span>ti restated per effetto d<span class=\"_ _1\"></span>ella PPA <span class=\"_ _1\"></span>di Kairos SGR e della<span class=\"_ _1\"></span> PPA rilevata<span class=\"_ _1\"></span> da Vita Srl, si <span class=\"_ _1\"></span>rinvia a quanto<span class=\"_ _1\"></span> esposto nella<span class=\"_ _1c\"></span> Nota<span class=\"ls1 ws1\"> </span>integrativa co<span class=\"_ _1\"></span>nsolidata, Pa<span class=\"_ _1\"></span>rte<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16e ws3a7 gs724\">A <span class=\"ls1 ws1\">- <span class=\"ls16d ws3a5\">Politiche Contabili,<span class=\"_ _1\"></span> Altre Informaz<span class=\"_ _1\"></span>ioni paragrafo \"<span class=\"_ _1\"></span>Restatement Bilancio 2<span class=\"_ _1\"></span>024\"<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls16d ws3a5\"><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws1ca gs725\">L\u2019incr<span class=\"_ _1\"></span>emen<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a sottov<span class=\"_ _1c\"></span>oce \u201c2.1 I<span class=\"_ _1\"></span>mpost<span class=\"_ _1\"></span>e anti<span class=\"_ _1\"></span>cipate<span class=\"_ _1\"></span> rileva<span class=\"_ _1\"></span>te nel<span class=\"_ _1\"></span>l\u2019es<span class=\"_ _1\"></span>ercizio <span class=\"_ _1\"></span><span class=\"ls1 ws1\">- <span class=\"_ _14\"> </span><span class=\"ls11 ws494\">d) altre\u201d \u00e8<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls11 ws494\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs2b9\">principalmente<span class=\"_ _0\"></span> riferito all\u2019isc<span class=\"_ _0\"></span>rizione delle<span class=\"_ _0\"></span> imposte differite att<span class=\"_ _0\"></span>ive rilevate in<span class=\"_ _0\"></span> seguito agli oner<span class=\"_ _0\"></span>i di<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs726\">remunerazione var<span class=\"_ _0\"></span>iabile del personale<span class=\"_ _0\"></span> accantonati dal Gruppo <span class=\"ls2f ws58\">An<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a.<span class=\"_ _4ac\"> </span></span><span class=\"ls2f ws58\"><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs727\">L\u2019incremento<span class=\"_ _0\"></span> nella sottovoce \u201c2.2<span class=\"_ _0\"></span> Nuove imposte o incrementi di aliq<span class=\"_ _0\"></span>uote fiscali\u201d r<span class=\"_ _0\"></span>ecepisce la<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws95 gs728\">var<span class=\"_ _0\"></span>iazion<span class=\"_ _0\"></span>e per il<span class=\"_ _0\"></span> trienn<span class=\"_ _0\"></span>io 2026 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls1c ws8a\">2028<span class=\"_ _1\"></span> di 2 p<span class=\"_ _1\"></span>unti <span class=\"_ _1\"></span>% dell\u2019a<span class=\"_ _1\"></span>liq<span class=\"_ _1\"></span>uota Ira<span class=\"_ _1\"></span>p pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ti dall<span class=\"_ _1\"></span>a Legg<span class=\"_ _1\"></span>e 199/<span class=\"_ _1c\"></span>2025<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls1c ws8a\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs729\">\u2013 <span class=\"ls1d ws85\">Leg<span class=\"_ _0\"></span>ge di Bil<span class=\"_ _0\"></span>ancio<span class=\"_ _0\"></span> 2026. </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs72a\">Non vi sono valori iscritti tra le attivit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _1\"></span>re<span class=\"_ _0\"></span>lative ad imposte anticipate derivanti da perdite fiscali<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs2bf\">riportabili <span class=\"_ _0\"></span>ad eserc<span class=\"_ _0\"></span>izi successivi, con<span class=\"_ _0\"></span> esclusione di <span class=\"_ _0\"></span>quelle r<span class=\"_ _0\"></span>ileva<span class=\"wsaf\">te il 31 dicembre 2024 dalla<span class=\"_ _4ac\"> </span></span><span class=\"wsaf\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs72b\">societ\u00e0<span class=\"_ _0\"></span> controllata indiretta V<span class=\"_ _0\"></span>ita Srl (nel suo primo anno di attivit\u00e0), per circ<span class=\"_ _0\"></span>a Euro 93 migliaia.<span class=\"ls1 ws1\"> </span></div>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>ariazio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>i cu<span class=\"_ _13\"></span>i alla L.<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>/2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> (in<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>tr<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a de<span class=\"_ _11\"></span>l co<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>to<span class=\"_ _13\"></span> e<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>) <span class=\"ls1 ws1\"> </span><table class=\"s w797 h474\" id=\"_fb0ebd0f-d49f-437d-9805-aef61e796680\"><tr><td></td><td class=\"c x81e y36a7 w798 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85a y36a7 w799 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a8 w79a h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls213 ws4a1\">1. Esist<span class=\"_ _0\"></span>enze<span class=\"_ _0\"></span> iniziali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85b y36a8 w79b h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">1.<span class=\"_ _0\"></span>955<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85c y36a8 w79b h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">1.<span class=\"_ _0\"></span>716<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a9 w79c h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls214 ws4a3\">2. Aum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85d y36a9 w79d h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85e y36a9 w79e h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36aa w79f h475\"><div class=\"t m35 x1fa h1cf y36a6 ff1 fs43 fc0 sc0 ls215 ws4a4\">2.<span class=\"_ _1\"></span>2 Nuove imposte o incrementi di aliquote<span class=\"_ _1\"></span> fis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x85f y36aa w7a0 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff1 fs43 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x405 y36ab w15f h1ce\"><div class=\"t m35 x24 h1cf y1d00 ff1 fs43 fc0 sc0 ls215 ws4a4\">2.<span class=\"_ _1\"></span>3 Altri aumenti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y36ac w7a1 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls214 ws4a3\">3. Dim<span class=\"_ _0\"></span>inuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x860 y36ac w7a2 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">(<span class=\"_ _0\"></span>0)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x861 y36ac w7a3 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">(<span class=\"_ _0\"></span>239)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36ad w7a4 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff1 fs43 fc0 sc0 ls216 ws4a5\">3.1 Rig<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x862 y36ad w7a5 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff1 fs43 fc0 sc0 ls216 ws4a6\">(<span class=\"_ _0\"></span>0)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x863 y36ad w7a6 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff1 fs43 fc0 sc0 ls216 ws4a6\">(239)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y36ab w15f h1ce\"><div class=\"t m35 x24 h1cf y1d03 ff1 fs43 fc0 sc0 ls215 ws4a4\">3.<span class=\"_ _1\"></span>2 Trasform<span class=\"_ _0\"></span>azione<span class=\"_ _1\"></span> in crediti d'imposta<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x405 y36ab w15f h1ce\"><div class=\"t m35 x24 h1cf y1d04 ff1 fs43 fc0 sc0 ls215 ws4a4\">3.<span class=\"_ _1\"></span>3 Altre diminuzion<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w7a7 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls217 ws4a7\">4.<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ort<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x864 y345e w79b h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">1.<span class=\"_ _0\"></span>956<span class=\"_ _4ac\"> </span></div></td><td class=\"c x865 y345e w7a8 h475\"><div class=\"t m35 x1fa h1cf y36a6 ff2 fs43 fc0 sc0 ls212 ws4a0\">1.955<span class=\"_ _4ac\"> </span></div></td></tr></table>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _13\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>rit<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> (<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"ls50 ws14b\">con<span class=\"_ _1c\"></span>tr<span class=\"_ _1c\"></span>opa<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _d\"></span>ta<span class=\"_ _1c\"></span> d<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _1c\"></span> c<span class=\"_ _1\"></span>ont<span class=\"_ _1c\"></span>o e<span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>nomi<span class=\"_ _1c\"></span>co)<span class=\"_ _d\"></span><span class=\"ls1 ws1\"> </span></span><table class=\"s w7a9 h476\" id=\"_1eab1940-ded9-4a10-b565-c50021da6bc2\"><tr><td></td><td class=\"c x866 y36af w7aa h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x867 y36af w7ab h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a9\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b0 w7ac h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls219 ws4aa\">1. Esist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x868 y36b0 w7ad h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">74.<span class=\"_ _0\"></span>343<span class=\"_ _4ac\"> </span></div></td><td class=\"c x869 y36b0 w7ad h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">81.<span class=\"_ _0\"></span>379<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b1 w7ae h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls21a ws4ac\">2. Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86a y36b1 w7af h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">1.<span class=\"_ _13\"></span>622<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86b y36b1 w7b0 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">1.<span class=\"_ _0\"></span>338<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b2 w7b1 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">2.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste diff<span class=\"_ _0\"></span>erite r<span class=\"_ _1\"></span>ilevate ne<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86c y36b2 w5c8 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86d y36b2 w7b2 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">324<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x86e y36b3 w7b3 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">c<span class=\"_ _0\"></span>) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86c y36b3 w5c8 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86d y36b3 w7b2 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">324<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b4 w7b4 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">2.<span class=\"_ _1\"></span>2 Nu<span class=\"_ _1\"></span>ove impos<span class=\"_ _0\"></span>te o increm<span class=\"_ _0\"></span>enti d<span class=\"_ _1\"></span>i aliquote<span class=\"_ _1\"></span> fis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x86f y36b4 w7b5 h43f\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">1.620<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y36b5 w7b6 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">2.<span class=\"_ _1\"></span>3 Altri aumenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x870 y36b5 w7b7 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x871 y36b5 w7b5 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">1.014<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b6 w7b8 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls21a ws4ac\">3. Di<span class=\"_ _0\"></span>minuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x872 y36b6 w7b9 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>260)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x873 y36b6 w7b9 h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>374)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36b7 w7ba h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">3.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste diff<span class=\"_ _0\"></span>erite a<span class=\"_ _1\"></span>nnu<span class=\"_ _1\"></span>llate nell'<span class=\"_ _1c\"></span>es<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x874 y36b7 w7bb h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">(<span class=\"_ _0\"></span>8.208)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x875 y36b7 w7bb h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">(<span class=\"_ _0\"></span>8.374)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x86e y36b8 w7bc h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21d ws4af\">a) rig<span class=\"_ _0\"></span>iri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x876 y36b8 w7bb h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">(<span class=\"_ _0\"></span>8.208)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x877 y36b8 w7bb h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">(8.<span class=\"_ _0\"></span>374)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y367d w7bd h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21b ws4ad\">3.<span class=\"_ _1\"></span>3 Altre diminuz<span class=\"_ _1\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x878 y367d w7be h441\"><div class=\"t m36 x1fa h1d1 y36ae ff1 fs44 fc0 sc0 ls21c ws4ae\">(52)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y345e w7bf h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls21e ws4b0\">4.<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x879 y345e w7ad h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">67.<span class=\"_ _0\"></span>705<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87a y345e w7ad h441\"><div class=\"t m36 x1fa h1d1 y36ae ff2 fs44 fc0 sc0 ls218 ws4a8\">74.<span class=\"_ _0\"></span>343<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) Da<span class=\"_ _1\"></span>ti restated per effetto d<span class=\"_ _1\"></span>ella PPA <span class=\"_ _1\"></span>di Kairos SGR e della<span class=\"_ _1\"></span> PPA rilevata<span class=\"_ _1\"></span> da Vita Srl, si <span class=\"_ _1\"></span>rinvia a quanto<span class=\"_ _1\"></span> esposto nella<span class=\"_ _1c\"></span> Nota<span class=\"ls1 ws1\"> </span>integrativa co<span class=\"_ _1\"></span>nsolidata, Pa<span class=\"_ _1\"></span>rte A <span class=\"ls1 ws1\">- <span class=\"ls16d ws3a5\">Politiche Contabili,<span class=\"_ _1\"></span> Altre Informaz<span class=\"_ _1\"></span>ioni paragrafo \"<span class=\"_ _1\"></span>Restatement Bilancio 2<span class=\"_ _1\"></span>024\"<span class=\"ls1 ws1\"> </span></span></span>L<span class=\"ls0 wsc6\">a sottovoce \u201c2.2 Nuove<span class=\"_ _0\"></span> imposte o increment<span class=\"_ _0\"></span>i di aliquote fiscali\u201d evidenz<span class=\"_ _0\"></span>ia la variazione </span>dell\u2019aliquot<span class=\"_ _0\"></span>a IRAP per il t<span class=\"_ _0\"></span>riennio 2026 <span class=\"ls1 ws1\">\u2013 <span class=\"ls1c ws26\">2028 di <span class=\"_ _1\"></span>2 punti % p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span>la Legge 19<span class=\"_ _1c\"></span>9/2025 <span class=\"ls1 ws1\">\u2013 <span class=\"lse ws0\">Legge </span></span></span></span>di Bilancio<span class=\"_ _0\"></span> 2026, con incremento delle<span class=\"_ _0\"></span> imposte differite iscr<span class=\"_ _0\"></span>itte su taluni intan<span class=\"_ _0\"></span>gibili a vita utile definit<span class=\"_ _0\"></span>a iscritti nel presente Bilanc<span class=\"_ _0\"></span>io Consolidato. <span class=\"ls1 ws1\"> </span>Nella sotto<span class=\"_ _0\"></span>voce \u201c3. Diminuzion<span class=\"_ _0\"></span>i <span class=\"ls1 ws1\">\u2013 </span>a) rigiri\u201d \u00e8 eviden<span class=\"_ _0\"></span>ziato lo scarico<span class=\"_ _0\"></span> dele imposte differ<span class=\"_ _0\"></span>ite passive dell\u2019eserc<span class=\"_ _0\"></span>izio riferite<span class=\"_ _0\"></span> alle attivit\u00e0 intangibili a vit<span class=\"_ _0\"></span>a u<span class=\"_ _0\"></span>tile definit<span class=\"_ _0\"></span>a individuate nei proces<span class=\"_ _0\"></span>si di PPA e in relazione alle<span class=\"_ _0\"></span> diverse aggregazioni azien<span class=\"_ _0\"></span>dali <span class=\"lsf ws1f\">ef<span class=\"_ _1\"></span>fett<span class=\"_ _1\"></span>uate d<span class=\"_ _1\"></span>al G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span> V<span class=\"_ _13\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _13\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>rit<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> (<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>tr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a de<span class=\"_ _11\"></span>l p<span class=\"_ _0\"></span>atr<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span> n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>)<span class=\"ls1 ws1\"> </span><table class=\"s w7d8 h478\" id=\"_93023f72-da18-4099-b832-80fd6451a1c9\"><tr><td></td><td class=\"c x820 y36c5 w7d9 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x895 y36c5 w7d9 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c6 w7da h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls220 ws4b2\">1. Esist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x896 y36c6 w7db h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">1.<span class=\"_ _0\"></span>202<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36c7 w162 h1d6\"><div class=\"t m38 xe1 h1d7 y1d2b ff2 fs46 fc0 sc0 ls221 ws4b4\">16<span class=\"_ _2ed\"></span><span class=\"ls1 ws4b5\">                     <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y36c8 w7dc h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls222 ws4b6\">2. Aum<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x897 y36c8 w7dd h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">1.440<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36c7 w162 h1d6\"><div class=\"t m38 xdd h1d7 y1d2d ff2 fs46 fc0 sc0 ls221 ws4b4\">1.186<span class=\"_ _2ed\"></span><span class=\"ls1 ws4b5\">                <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y36c9 w7de h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls223 ws4b7\">2.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste diff<span class=\"_ _0\"></span>erite r<span class=\"_ _1\"></span>ilevate ne<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x898 y36c9 w7df h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls224 ws4b8\">1.403<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36ca w162 h1d4\"><div class=\"t m38 xdd h1d7 y1ca9 ff1 fs46 fc0 sc0 ls225 ws4b9\">1.186<span class=\"_ _2ed\"></span><span class=\"ls1 ws4b5\">                <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x899 y36cb w7e0 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls223 ws4b7\">c<span class=\"_ _0\"></span>) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89a y36cb w7e1 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls224 ws4b8\">1.403<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36cc w162 h1d4\"><div class=\"t m38 xdd h1d7 y1d32 ff1 fs46 fc0 sc0 ls225 ws4b9\">1.186<span class=\"_ _2ed\"></span><span class=\"ls1 ws4b5\">                <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y36cd w7e2 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls223 ws4b7\">2.<span class=\"_ _1\"></span>3 Altri aumenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89b y36cd w7e3 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls224 ws4b8\">38<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36ce w162 h1d4\"><div class=\"t m38 x113 h1d7 y1d34 ff1 fs46 fc1 sc0 ls1 ws1\">-<span class=\"_ _2ef\"></span><span class=\"ws4b5\">                    <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y36cf w7e4 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls222 ws4b6\">3. Di<span class=\"_ _0\"></span>minuz<span class=\"_ _0\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89c y36cf w7e5 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">(<span class=\"_ _0\"></span>38)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y36d0 w7e6 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls223 ws4b7\">3.<span class=\"_ _1\"></span>1 Im<span class=\"_ _0\"></span>poste diff<span class=\"_ _0\"></span>erite a<span class=\"_ _1\"></span>nnu<span class=\"_ _1\"></span>llate nell'<span class=\"_ _1c\"></span>es<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89d y36d0 w7e7 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls224 ws4b8\">(38)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36d1 w162 h1d4\"><div class=\"t m38 x113 h1d7 y1d38 ff1 fs46 fc1 sc0 ls1 ws1\">-<span class=\"_ _2ef\"></span><span class=\"ws4b5\">                    <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x899 y36d2 w7e8 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls226 ws4ba\">a) rig<span class=\"_ _0\"></span>iri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89e y36d2 w7e9 h43f\"><div class=\"t m37 x1fa h1d5 y368a ff1 fs45 fc0 sc0 ls224 ws4b8\">(<span class=\"_ _0\"></span>38)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y345e w7ea h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls227 ws4bb\">4.<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x89f y345e w7eb h43f\"><div class=\"t m37 x1fa h1d5 y368a ff2 fs45 fc0 sc0 ls21f ws4b1\">2.<span class=\"_ _13\"></span>605<span class=\"_ _4ac\"> </span></div></td><td class=\"c x808 y36c7 w162 h1d6\"><div class=\"t m38 xdd h1d7 y1d3b ff2 fs46 fc0 sc0 ls221 ws4b4\">1.202<span class=\"_ _2ed\"></span><span class=\"ls1 ws4b5\">                <span class=\"ws1\"> </span></span></div></td></tr></table>La voc<span class=\"_ _1\"></span>e \u201c2.1 I<span class=\"_ _1\"></span>mpost<span class=\"_ _1\"></span>e diff<span class=\"_ _1\"></span>erite ri<span class=\"_ _1\"></span>levate <span class=\"_ _1\"></span>nell\u2019es<span class=\"_ _1c\"></span>ercizio <span class=\"ls1 ws1\">- <span class=\"_ _11\"></span><span class=\"ls0 ws86\">c) altre\u201d si r<span class=\"_ _0\"></span>iferisce alla rile<span class=\"_ _0\"></span>vazione delle </span></span>imposte<span class=\"_ _0\"></span> differite iscritte in re<span class=\"_ _0\"></span>lazione alla variazione posit<span class=\"_ _0\"></span>iva di fair value re<span class=\"_ _0\"></span>gistrata nell\u2019e<span class=\"_ _0\"></span>sercizio delle azioni di BMPS<span class=\"_ _0\"></span> detenute in portafoglio dalla Soc<span class=\"_ _0\"></span>iet\u00e0.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-629": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs742\">Sezione 12 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Al<span class=\"_ _0\"></span>tre atti<span class=\"_ _0\"></span>vit\u00e0 </span>\u2013 </span>Voce 120<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs743\">1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0<span class=\"_ _1\"></span>:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs744\"><table class=\"s w7c0 h477\" id=\"_db507233-bf61-469b-9be4-674538c0b2fe\"><tr><td class=\"c x624 y36b9 w163 h1d8\"><div class=\"t m39 x24 h1d9 y1d3d ff2 fs47 fc0 sc0 ls228 ws4bc\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87b y36bb w7c1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87c y36bb w7c1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bc w7c2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls22a ws4be\">1. At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0 pe<span class=\"_ _0\"></span>r cred<span class=\"_ _0\"></span>iti verso l'Erario<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87d y36bc w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">22.<span class=\"_ _0\"></span>340<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87e y36bc w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">21.769<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bd w7c5 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22b ws4c0\">I<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nza di rim<span class=\"_ _13\"></span>bors<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>RES<span class=\"_ _0\"></span> per deduzio<span class=\"_ _0\"></span>ne I<span class=\"_ _0\"></span>RA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87f y36bd w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">161<span class=\"_ _4ac\"> </span></div></td><td class=\"c x880 y36bd w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">161<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36be w7c7 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22d ws4c2\">C<span class=\"_ _0\"></span>rediti vers<span class=\"_ _0\"></span>o l'erario per I<span class=\"_ _0\"></span>VA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x881 y36be w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">426<span class=\"_ _4ac\"> </span></div></td><td class=\"c x882 y36be w7c8 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">45<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bf w7c9 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Bollo Virtuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x883 y36bf w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">10.029<span class=\"_ _4ac\"> </span></div></td><td class=\"c x884 y36bf w7cb h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">9.967<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c0 w7cc h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Altri c<span class=\"_ _0\"></span>rediti verso Erario<span class=\"_ _4ac\"> </span></div></td><td class=\"c x885 y36c0 w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">11.724<span class=\"_ _4ac\"> </span></div></td><td class=\"c x886 y36c0 w7cd h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">11.596<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c1 w7ce h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls228 ws4c4\">2. Cre<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>iti d<span class=\"_ _0\"></span>iversi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x887 y36c1 w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>198<span class=\"_ _4ac\"> </span></div></td><td class=\"c x888 y36c1 w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">26.248<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c2 w7cf h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Rate<span class=\"_ _1\"></span>i e risc<span class=\"_ _0\"></span>onti attivi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x885 y36c2 w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">14.352<span class=\"_ _4ac\"> </span></div></td><td class=\"c x886 y36c2 w7cd h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">13.697<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c3 w7d0 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Risc<span class=\"_ _0\"></span>onti per<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. una<span class=\"_ _1\"></span> tantum pagate ai colloc<span class=\"_ _0\"></span>atori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x889 y36c3 w7d1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">4.<span class=\"_ _0\"></span>827<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88a y36c3 w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">2.774<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c4 w7d3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22b ws4c0\">C<span class=\"_ _0\"></span>redit<span class=\"_ _0\"></span>i per i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tanze ri<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b. I<span class=\"_ _0\"></span>RES da<span class=\"_ _0\"></span> deduz. IRA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88b y36c4 w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">1.291<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88c y36c4 w7cb h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">1.291<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fa w7d4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Crediti per in<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>izi da  e<span class=\"_ _1\"></span>x soc<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88d y35fa w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">3.304<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88e y35fa w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">3.304<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fb w7d5 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Altre attivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88f y35fb w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">6.674<span class=\"_ _4ac\"> </span></div></td><td class=\"c x890 y35fb w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">4.232<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fc w7d6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Migliorie su beni d<span class=\"_ _1\"></span>i terz<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x891 y35fc w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">749<span class=\"_ _4ac\"> </span></div></td><td class=\"c x892 y35fc w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">950<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w7d7 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls22f ws4c5\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x893 y345e w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">53.<span class=\"_ _0\"></span>539<span class=\"_ _4ac\"> </span></div></td><td class=\"c x894 y345e w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">48.017<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs745\">Nella voce \u201cAltre attivit\u00e0\u201d sono rappresent<span class=\"_ _0\"></span>ati (i) i crediti verso l\u2019Erario per circa Euro 22,3 milioni, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs746\">(ii) i risconti e ratei per circa Euro 14,4 milioni, (iii) i risconti per commissioni una tantum pagate </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs747\">ai collocatori per i Fondi Forza, Capit<span class=\"_ _0\"></span>ale Pi\u00f9 e per la Sicav A<span class=\"_ _1\"></span>nim<span class=\"_ _0\"></span>a Funds per circa Euro 4,8 milioni, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs748\">(iv) i credit<span class=\"_ _0\"></span>i derivanti dalle<span class=\"_ _0\"></span> istanze di r<span class=\"_ _0\"></span>imborso IRES per mancata deduzione de<span class=\"_ _0\"></span>ll\u2019IRAP relati<span class=\"ls1a ws25\">va<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs749\">alle spese per il pe<span class=\"_ _0\"></span>rsonale dipendente<span class=\"_ _0\"></span> e assimilato (ai sensi dell\u2019art.<span class=\"_ _0\"></span> 2 comma 1<span class=\"ls1 ws1\">-<span class=\"ls30 ws5d\">qua<span class=\"_ _1\"></span>ter, D<span class=\"_ _1c\"></span>ecreto </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gsf5\">Legge n. 201/2011<span class=\"_ _0\"></span>), per circa Euro 1,3 milioni, (v) cr<span class=\"_ _0\"></span>editi dovuti da ex soci per<span class=\"_ _0\"></span> indennizzi ai sensi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs74a\">degli accordi sotto<span class=\"_ _0\"></span>scritti dalla Societ<span class=\"_ _0\"></span>\u00e0 nel dicembre<span class=\"ls1 ws1\"> <span class=\"_ _86\"></span></span>2010 per circa Euro 3,3 milioni,<span class=\"_ _0\"></span> (vi) altre </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs74b\">attivit\u00e0 per<span class=\"_ _0\"></span> circa Euro 6,7 milioni e (vii) attivit<span class=\"_ _0\"></span>\u00e0 per migliorie su beni di terzi per<span class=\"_ _0\"></span> Euro 1 milioni.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-29": {
   "value": "Sezione 12 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Al<span class=\"_ _0\"></span>tre atti<span class=\"_ _0\"></span>vit\u00e0 </span>\u2013 </span>Voce 120<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0<span class=\"_ _1\"></span>:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w7c0 h477\" id=\"_db507233-bf61-469b-9be4-674538c0b2fe\"><tr><td class=\"c x624 y36b9 w163 h1d8\"><div class=\"t m39 x24 h1d9 y1d3d ff2 fs47 fc0 sc0 ls228 ws4bc\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87b y36bb w7c1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87c y36bb w7c1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bc w7c2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls22a ws4be\">1. At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0 pe<span class=\"_ _0\"></span>r cred<span class=\"_ _0\"></span>iti verso l'Erario<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87d y36bc w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">22.<span class=\"_ _0\"></span>340<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87e y36bc w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">21.769<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bd w7c5 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22b ws4c0\">I<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nza di rim<span class=\"_ _13\"></span>bors<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>RES<span class=\"_ _0\"></span> per deduzio<span class=\"_ _0\"></span>ne I<span class=\"_ _0\"></span>RA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87f y36bd w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">161<span class=\"_ _4ac\"> </span></div></td><td class=\"c x880 y36bd w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">161<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36be w7c7 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22d ws4c2\">C<span class=\"_ _0\"></span>rediti vers<span class=\"_ _0\"></span>o l'erario per I<span class=\"_ _0\"></span>VA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x881 y36be w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">426<span class=\"_ _4ac\"> </span></div></td><td class=\"c x882 y36be w7c8 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">45<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bf w7c9 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Bollo Virtuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x883 y36bf w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">10.029<span class=\"_ _4ac\"> </span></div></td><td class=\"c x884 y36bf w7cb h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">9.967<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c0 w7cc h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Altri c<span class=\"_ _0\"></span>rediti verso Erario<span class=\"_ _4ac\"> </span></div></td><td class=\"c x885 y36c0 w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">11.724<span class=\"_ _4ac\"> </span></div></td><td class=\"c x886 y36c0 w7cd h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">11.596<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c1 w7ce h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls228 ws4c4\">2. Cre<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>iti d<span class=\"_ _0\"></span>iversi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x887 y36c1 w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>198<span class=\"_ _4ac\"> </span></div></td><td class=\"c x888 y36c1 w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">26.248<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c2 w7cf h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Rate<span class=\"_ _1\"></span>i e risc<span class=\"_ _0\"></span>onti attivi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x885 y36c2 w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">14.352<span class=\"_ _4ac\"> </span></div></td><td class=\"c x886 y36c2 w7cd h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">13.697<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c3 w7d0 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Risc<span class=\"_ _0\"></span>onti per<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. una<span class=\"_ _1\"></span> tantum pagate ai colloc<span class=\"_ _0\"></span>atori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x889 y36c3 w7d1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">4.<span class=\"_ _0\"></span>827<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88a y36c3 w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">2.774<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c4 w7d3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22b ws4c0\">C<span class=\"_ _0\"></span>redit<span class=\"_ _0\"></span>i per i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tanze ri<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b. I<span class=\"_ _0\"></span>RES da<span class=\"_ _0\"></span> deduz. IRA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88b y36c4 w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">1.291<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88c y36c4 w7cb h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">1.291<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fa w7d4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Crediti per in<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>izi da  e<span class=\"_ _1\"></span>x soc<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88d y35fa w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">3.304<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88e y35fa w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">3.304<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fb w7d5 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Altre attivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88f y35fb w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">6.674<span class=\"_ _4ac\"> </span></div></td><td class=\"c x890 y35fb w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">4.232<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fc w7d6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Migliorie su beni d<span class=\"_ _1\"></span>i terz<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x891 y35fc w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">749<span class=\"_ _4ac\"> </span></div></td><td class=\"c x892 y35fc w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">950<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w7d7 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls22f ws4c5\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x893 y345e w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">53.<span class=\"_ _0\"></span>539<span class=\"_ _4ac\"> </span></div></td><td class=\"c x894 y345e w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">48.017<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella voce \u201cAltre attivit\u00e0\u201d sono rappresent<span class=\"_ _0\"></span>ati (i) i crediti verso l\u2019Erario per circa Euro 22,3 milioni, (ii) i risconti e ratei per circa Euro 14,4 milioni, (iii) i risconti per commissioni una tantum pagate ai collocatori per i Fondi Forza, Capit<span class=\"_ _0\"></span>ale Pi\u00f9 e per la Sicav A<span class=\"_ _1\"></span>nim<span class=\"_ _0\"></span>a Funds per circa Euro 4,8 milioni, (iv) i credit<span class=\"_ _0\"></span>i derivanti dalle<span class=\"_ _0\"></span> istanze di r<span class=\"_ _0\"></span>imborso IRES per mancata deduzione de<span class=\"_ _0\"></span>ll\u2019IRAP relati<span class=\"ls1a ws25\">va<span class=\"_ _0\"></span> </span>alle spese per il pe<span class=\"_ _0\"></span>rsonale dipendente<span class=\"_ _0\"></span> e assimilato (ai sensi dell\u2019art.<span class=\"_ _0\"></span> 2 comma 1<span class=\"ls1 ws1\">-<span class=\"ls30 ws5d\">qua<span class=\"_ _1\"></span>ter, D<span class=\"_ _1c\"></span>ecreto </span></span>Legge n. 201/2011<span class=\"_ _0\"></span>), per circa Euro 1,3 milioni, (v) cr<span class=\"_ _0\"></span>editi dovuti da ex soci per<span class=\"_ _0\"></span> indennizzi ai sensi degli accordi sotto<span class=\"_ _0\"></span>scritti dalla Societ<span class=\"_ _0\"></span>\u00e0 nel dicembre<span class=\"ls1 ws1\"> <span class=\"_ _86\"></span></span>2010 per circa Euro 3,3 milioni,<span class=\"_ _0\"></span> (vi) altre attivit\u00e0 per<span class=\"_ _0\"></span> circa Euro 6,7 milioni e (vii) attivit<span class=\"_ _0\"></span>\u00e0 per migliorie su beni di terzi per<span class=\"_ _0\"></span> Euro 1 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-657": {
   "value": "Sezione 12 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Al<span class=\"_ _0\"></span>tre atti<span class=\"_ _0\"></span>vit\u00e0 </span>\u2013 </span>Voce 120<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0<span class=\"_ _1\"></span>:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w7c0 h477\" id=\"_db507233-bf61-469b-9be4-674538c0b2fe\"><tr><td class=\"c x624 y36b9 w163 h1d8\"><div class=\"t m39 x24 h1d9 y1d3d ff2 fs47 fc0 sc0 ls228 ws4bc\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87b y36bb w7c1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87c y36bb w7c1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bc w7c2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls22a ws4be\">1. At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0 pe<span class=\"_ _0\"></span>r cred<span class=\"_ _0\"></span>iti verso l'Erario<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87d y36bc w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">22.<span class=\"_ _0\"></span>340<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87e y36bc w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">21.769<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bd w7c5 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22b ws4c0\">I<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nza di rim<span class=\"_ _13\"></span>bors<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>RES<span class=\"_ _0\"></span> per deduzio<span class=\"_ _0\"></span>ne I<span class=\"_ _0\"></span>RA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87f y36bd w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">161<span class=\"_ _4ac\"> </span></div></td><td class=\"c x880 y36bd w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">161<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36be w7c7 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22d ws4c2\">C<span class=\"_ _0\"></span>rediti vers<span class=\"_ _0\"></span>o l'erario per I<span class=\"_ _0\"></span>VA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x881 y36be w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">426<span class=\"_ _4ac\"> </span></div></td><td class=\"c x882 y36be w7c8 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">45<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bf w7c9 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Bollo Virtuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x883 y36bf w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">10.029<span class=\"_ _4ac\"> </span></div></td><td class=\"c x884 y36bf w7cb h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">9.967<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c0 w7cc h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Altri c<span class=\"_ _0\"></span>rediti verso Erario<span class=\"_ _4ac\"> </span></div></td><td class=\"c x885 y36c0 w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">11.724<span class=\"_ _4ac\"> </span></div></td><td class=\"c x886 y36c0 w7cd h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">11.596<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c1 w7ce h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls228 ws4c4\">2. Cre<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>iti d<span class=\"_ _0\"></span>iversi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x887 y36c1 w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>198<span class=\"_ _4ac\"> </span></div></td><td class=\"c x888 y36c1 w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">26.248<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c2 w7cf h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Rate<span class=\"_ _1\"></span>i e risc<span class=\"_ _0\"></span>onti attivi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x885 y36c2 w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">14.352<span class=\"_ _4ac\"> </span></div></td><td class=\"c x886 y36c2 w7cd h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">13.697<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c3 w7d0 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Risc<span class=\"_ _0\"></span>onti per<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. una<span class=\"_ _1\"></span> tantum pagate ai colloc<span class=\"_ _0\"></span>atori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x889 y36c3 w7d1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">4.<span class=\"_ _0\"></span>827<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88a y36c3 w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">2.774<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c4 w7d3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22b ws4c0\">C<span class=\"_ _0\"></span>redit<span class=\"_ _0\"></span>i per i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tanze ri<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b. I<span class=\"_ _0\"></span>RES da<span class=\"_ _0\"></span> deduz. IRA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88b y36c4 w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">1.291<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88c y36c4 w7cb h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">1.291<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fa w7d4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Crediti per in<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>izi da  e<span class=\"_ _1\"></span>x soc<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88d y35fa w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">3.304<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88e y35fa w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">3.304<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fb w7d5 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Altre attivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88f y35fb w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">6.674<span class=\"_ _4ac\"> </span></div></td><td class=\"c x890 y35fb w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">4.232<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fc w7d6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Migliorie su beni d<span class=\"_ _1\"></span>i terz<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x891 y35fc w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">749<span class=\"_ _4ac\"> </span></div></td><td class=\"c x892 y35fc w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">950<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w7d7 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls22f ws4c5\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x893 y345e w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">53.<span class=\"_ _0\"></span>539<span class=\"_ _4ac\"> </span></div></td><td class=\"c x894 y345e w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">48.017<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella voce \u201cAltre attivit\u00e0\u201d sono rappresent<span class=\"_ _0\"></span>ati (i) i crediti verso l\u2019Erario per circa Euro 22,3 milioni, (ii) i risconti e ratei per circa Euro 14,4 milioni, (iii) i risconti per commissioni una tantum pagate ai collocatori per i Fondi Forza, Capit<span class=\"_ _0\"></span>ale Pi\u00f9 e per la Sicav A<span class=\"_ _1\"></span>nim<span class=\"_ _0\"></span>a Funds per circa Euro 4,8 milioni, (iv) i credit<span class=\"_ _0\"></span>i derivanti dalle<span class=\"_ _0\"></span> istanze di r<span class=\"_ _0\"></span>imborso IRES per mancata deduzione de<span class=\"_ _0\"></span>ll\u2019IRAP relati<span class=\"ls1a ws25\">va<span class=\"_ _0\"></span> </span>alle spese per il pe<span class=\"_ _0\"></span>rsonale dipendente<span class=\"_ _0\"></span> e assimilato (ai sensi dell\u2019art.<span class=\"_ _0\"></span> 2 comma 1<span class=\"ls1 ws1\">-<span class=\"ls30 ws5d\">qua<span class=\"_ _1\"></span>ter, D<span class=\"_ _1c\"></span>ecreto </span></span>Legge n. 201/2011<span class=\"_ _0\"></span>), per circa Euro 1,3 milioni, (v) cr<span class=\"_ _0\"></span>editi dovuti da ex soci per<span class=\"_ _0\"></span> indennizzi ai sensi degli accordi sotto<span class=\"_ _0\"></span>scritti dalla Societ<span class=\"_ _0\"></span>\u00e0 nel dicembre<span class=\"ls1 ws1\"> <span class=\"_ _86\"></span></span>2010 per circa Euro 3,3 milioni,<span class=\"_ _0\"></span> (vi) altre attivit\u00e0 per<span class=\"_ _0\"></span> circa Euro 6,7 milioni e (vii) attivit<span class=\"_ _0\"></span>\u00e0 per migliorie su beni di terzi per<span class=\"_ _0\"></span> Euro 1 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-674": {
   "value": "Sezione 12 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Al<span class=\"_ _0\"></span>tre atti<span class=\"_ _0\"></span>vit\u00e0 </span>\u2013 </span>Voce 120<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> A<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0<span class=\"_ _1\"></span>:<span class=\"_ _0\"></span> co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w7c0 h477\" id=\"_db507233-bf61-469b-9be4-674538c0b2fe\"><tr><td class=\"c x624 y36b9 w163 h1d8\"><div class=\"t m39 x24 h1d9 y1d3d ff2 fs47 fc0 sc0 ls228 ws4bc\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87b y36bb w7c1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87c y36bb w7c1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bc w7c2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls22a ws4be\">1. At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0 pe<span class=\"_ _0\"></span>r cred<span class=\"_ _0\"></span>iti verso l'Erario<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87d y36bc w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">22.<span class=\"_ _0\"></span>340<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87e y36bc w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">21.769<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bd w7c5 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22b ws4c0\">I<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nza di rim<span class=\"_ _13\"></span>bors<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>RES<span class=\"_ _0\"></span> per deduzio<span class=\"_ _0\"></span>ne I<span class=\"_ _0\"></span>RA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x87f y36bd w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">161<span class=\"_ _4ac\"> </span></div></td><td class=\"c x880 y36bd w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">161<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36be w7c7 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22d ws4c2\">C<span class=\"_ _0\"></span>rediti vers<span class=\"_ _0\"></span>o l'erario per I<span class=\"_ _0\"></span>VA<span class=\"_ _4ac\"> </span></div></td><td class=\"c x881 y36be w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">426<span class=\"_ _4ac\"> </span></div></td><td class=\"c x882 y36be w7c8 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">45<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36bf w7c9 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Bollo Virtuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x883 y36bf w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">10.029<span class=\"_ _4ac\"> </span></div></td><td class=\"c x884 y36bf w7cb h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">9.967<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c0 w7cc h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Altri c<span class=\"_ _0\"></span>rediti verso Erario<span class=\"_ _4ac\"> </span></div></td><td class=\"c x885 y36c0 w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">11.724<span class=\"_ _4ac\"> </span></div></td><td class=\"c x886 y36c0 w7cd h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">11.596<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c1 w7ce h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls228 ws4c4\">2. Cre<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>iti d<span class=\"_ _0\"></span>iversi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x887 y36c1 w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">31.<span class=\"_ _0\"></span>198<span class=\"_ _4ac\"> </span></div></td><td class=\"c x888 y36c1 w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">26.248<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c2 w7cf h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Rate<span class=\"_ _1\"></span>i e risc<span class=\"_ _0\"></span>onti attivi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x885 y36c2 w7ca h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">14.352<span class=\"_ _4ac\"> </span></div></td><td class=\"c x886 y36c2 w7cd h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">13.697<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c3 w7d0 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Risc<span class=\"_ _0\"></span>onti per<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. una<span class=\"_ _1\"></span> tantum pagate ai colloc<span class=\"_ _0\"></span>atori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x889 y36c3 w7d1 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">4.<span class=\"_ _0\"></span>827<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88a y36c3 w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">2.774<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36c4 w7d3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22b ws4c0\">C<span class=\"_ _0\"></span>redit<span class=\"_ _0\"></span>i per i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tanze ri<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b. I<span class=\"_ _0\"></span>RES da<span class=\"_ _0\"></span> deduz. IRA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88b y36c4 w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">1.291<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88c y36c4 w7cb h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">1.291<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fa w7d4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Crediti per in<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>izi da  e<span class=\"_ _1\"></span>x soc<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88d y35fa w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">3.304<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88e y35fa w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">3.304<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fb w7d5 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Altre attivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x88f y35fb w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">6.674<span class=\"_ _4ac\"> </span></div></td><td class=\"c x890 y35fb w7d2 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">4.232<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fc w7d6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22e ws4c3\">Migliorie su beni d<span class=\"_ _1\"></span>i terz<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x891 y35fc w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">749<span class=\"_ _4ac\"> </span></div></td><td class=\"c x892 y35fc w7c6 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff1 fs47 fc0 sc0 ls22c ws4c1\">950<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w7d7 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls22f ws4c5\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x893 y345e w7c3 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">53.<span class=\"_ _0\"></span>539<span class=\"_ _4ac\"> </span></div></td><td class=\"c x894 y345e w7c4 h441\"><div class=\"t m39 x1fa h1d9 y36ba ff2 fs47 fc0 sc0 ls229 ws4bd\">48.017<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella voce \u201cAltre attivit\u00e0\u201d sono rappresent<span class=\"_ _0\"></span>ati (i) i crediti verso l\u2019Erario per circa Euro 22,3 milioni, (ii) i risconti e ratei per circa Euro 14,4 milioni, (iii) i risconti per commissioni una tantum pagate ai collocatori per i Fondi Forza, Capit<span class=\"_ _0\"></span>ale Pi\u00f9 e per la Sicav A<span class=\"_ _1\"></span>nim<span class=\"_ _0\"></span>a Funds per circa Euro 4,8 milioni, (iv) i credit<span class=\"_ _0\"></span>i derivanti dalle<span class=\"_ _0\"></span> istanze di r<span class=\"_ _0\"></span>imborso IRES per mancata deduzione de<span class=\"_ _0\"></span>ll\u2019IRAP relati<span class=\"ls1a ws25\">va<span class=\"_ _0\"></span> </span>alle spese per il pe<span class=\"_ _0\"></span>rsonale dipendente<span class=\"_ _0\"></span> e assimilato (ai sensi dell\u2019art.<span class=\"_ _0\"></span> 2 comma 1<span class=\"ls1 ws1\">-<span class=\"ls30 ws5d\">qua<span class=\"_ _1\"></span>ter, D<span class=\"_ _1c\"></span>ecreto </span></span>Legge n. 201/2011<span class=\"_ _0\"></span>), per circa Euro 1,3 milioni, (v) cr<span class=\"_ _0\"></span>editi dovuti da ex soci per<span class=\"_ _0\"></span> indennizzi ai sensi degli accordi sotto<span class=\"_ _0\"></span>scritti dalla Societ<span class=\"_ _0\"></span>\u00e0 nel dicembre<span class=\"ls1 ws1\"> <span class=\"_ _86\"></span></span>2010 per circa Euro 3,3 milioni,<span class=\"_ _0\"></span> (vi) altre attivit\u00e0 per<span class=\"_ _0\"></span> circa Euro 6,7 milioni e (vii) attivit<span class=\"_ _0\"></span>\u00e0 per migliorie su beni di terzi per<span class=\"_ _0\"></span> Euro 1 milioni.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-30": {
   "value": "PASSIVO<span class=\"ff1 ls1 ws1\"> </span>Sezione 1 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>assivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anziarie v<span class=\"_ _0\"></span>alutate<span class=\"_ _0\"></span> al cos<span class=\"_ _0\"></span>to ammor<span class=\"_ _0\"></span>tizzato<span class=\"_ _0\"></span> </span>\u2013 </span>Voce 10<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>1.1<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls126 ws194\">P<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _1c\"></span><span class=\"ls2 ws44\">f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>: c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> m<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>lo<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>i<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff29 ls1 ws1\"><span class=\"ff5 ls126 ws194\"><span class=\"ls2 ws44\"> </span></span></span>de<span class=\"_ _0\"></span>bi<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w7ec h479\" id=\"_e5704dca-86ca-45da-8edd-f9195cd5b5c6\"><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d67 ff2 fs48 fc0 sc0 ls232 ws4c8\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a0 y36d5 w7ed h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a1 y36d5 w7ee h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d6 w7ef h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">1. De<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i verso re<span class=\"_ _0\"></span>ti d<span class=\"_ _0\"></span>i vend<span class=\"_ _0\"></span>ita:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a2 y36d6 w7f0 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">185.552<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a3 y36d6 w7f1 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">167.<span class=\"_ _0\"></span>258<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d7 w7f2 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento O<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a4 y36d7 w7f3 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">181.018<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a5 y36d7 w7f4 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">163.132<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d8 w7f5 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>2 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento ges<span class=\"_ _0\"></span>tioni in<span class=\"_ _1\"></span>dividuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a6 y36d8 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.543<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a7 y36d8 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.565<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d9 w7f7 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>3 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento fondi pen<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a8 y36d9 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.991<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a9 y36d9 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.561<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36da w7f8 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">D<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i pe<span class=\"_ _0\"></span>r at<span class=\"_ _0\"></span>tivit\u00e0 d<span class=\"_ _0\"></span>i ges<span class=\"_ _0\"></span>tione:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ac y36da w7f9 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">3.<span class=\"_ _0\"></span>825<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ad y36da w7f9 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">3.<span class=\"_ _0\"></span>356<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36db w7fa h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">2.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>er gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ae y36db w7fb h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.302<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8af y36db w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36dc w7fc h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">2.<span class=\"_ _1\"></span>2 p<span class=\"_ _1\"></span>er gestioni ric<span class=\"_ _0\"></span>evute<span class=\"_ _1\"></span> in dele<span class=\"_ _1\"></span>ga<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b0 y36dc w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.522<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b1 y36dc w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.062<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36dd w7fd h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cd\">2.3 pe<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ro<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b2 y36dd w7fe h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b3 y36dd w7ff h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36de w800 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">D<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i pe<span class=\"_ _0\"></span>r alt<span class=\"_ _0\"></span>ri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b4 y36de w801 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b5 y36de w802 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36df w803 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">ltri d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b6 y36df w804 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">42.<span class=\"_ _0\"></span>477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b7 y36df w804 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">44.<span class=\"_ _0\"></span>929<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e0 w805 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>ronti contro termine<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b8 y36e0 w806 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b9 y36e0 w806 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e1 w807 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>2 Debiti pe<span class=\"_ _1\"></span>r leasing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ba y36e1 w808 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">22.030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bb y36e1 w809 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">26.090<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e2 w80a h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>3 Altri deb<span class=\"_ _1\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bc y36e2 w80b h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls235 ws4cc\">20.<span class=\"_ _0\"></span>447<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bd y36e2 w809 h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls235 ws4cc\">18.839<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e3 w80c h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls236 ws4ce\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8be y36e3 w80d h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">231.<span class=\"_ _0\"></span>854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bf y36e3 w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">215.<span class=\"_ _0\"></span>543<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7b ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 1<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7c ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c0 y367c w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">212.<span class=\"_ _0\"></span>066<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c1 y367c w80d h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">196.<span class=\"_ _0\"></span>733<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7e ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c2 y367d w804 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">19.<span class=\"_ _0\"></span>788<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c3 y367d w80e h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">18.<span class=\"_ _0\"></span>810<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w80f h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls238 ws4d0\">Tot<span class=\"_ _0\"></span>ale f<span class=\"_ _0\"></span>air value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c4 y345e w7f0 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">231.854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c5 y345e w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">215.<span class=\"_ _0\"></span>543<span class=\"_ _4ac\"> </span></div></td></tr></table>I valori indicati nella sottovoce \u201c1. Debiti verso reti di vendita\u201d sono riconducibili qu<span class=\"_ _0\"></span>asi<span class=\"_ _4ac\"> </span> interamente alle commissioni da riconoscere ai distribut<span class=\"_ _0\"></span>ori dei prodotti istituiti e gestiti dal<span class=\"_ _4ac\"> </span> Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima<span class=\"_ _1\"></span>; tali<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>mmiss<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> verr<span class=\"_ _1\"></span>anno<span class=\"_ _1\"></span> pag<span class=\"_ _1\"></span>ate q<span class=\"_ _1\"></span>uasi i<span class=\"_ _1c\"></span>nteram<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> n<span class=\"ls31 ws154\">el corso del<span class=\"_ _0\"></span> primo<span class=\"_ _4ac\"> </span></span><span class=\"ls31 ws154\"> </span>tr<span class=\"_ _0\"></span>imestr<span class=\"_ _0\"></span>e del 2026<span class=\"_ _0\"></span>. L\u2019au<span class=\"_ _0\"></span>mento,<span class=\"_ _0\"></span> rispet<span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>l 31 dicem<span class=\"_ _0\"></span>bre 202<span class=\"_ _0\"></span>4, \u00e8 pr<span class=\"_ _0\"></span>incipa<span class=\"_ _0\"></span>lmente<span class=\"_ _0\"></span> dovuto<span class=\"_ _0\"></span> a<span class=\"_ _4ac\"> </span> magg<span class=\"_ _1\"></span>iori d<span class=\"_ _1\"></span>ebiti<span class=\"_ _1\"></span> per c<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssioni<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>manteni<span class=\"_ _1c\"></span>mento <span class=\"_ _1\"></span>e di c<span class=\"_ _1\"></span>olloca<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>o.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>Nella sotto<span class=\"_ _0\"></span>voce \u201c2. Debiti per attivit\u00e0 di gestione<span class=\"_ _0\"></span>\u201d, sono evidenziati i debiti riconducibili<span class=\"_ _4ac\"> </span> principalmente<span class=\"_ _0\"></span> (i) alle commissioni da riconoscere ai distribut<span class=\"_ _0\"></span>ori delle Sicav promosse e/o<span class=\"_ _4ac\"> </span> gestite<span class=\"_ _0\"></span> dal Gruppo Anima per circa 2,5 milioni e (ii) alle co<span class=\"_ _0\"></span>mmissioni<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>per l\u2019attivit<span class=\"_ _0\"></span>\u00e0 di gestioni di<span class=\"_ _4ac\"> </span> patri<span class=\"_ _1c\"></span>moni a fav<span class=\"_ _1c\"></span>ore di e<span class=\"_ _1c\"></span>nt<span class=\"_ _0\"></span>i fi<span class=\"_ _1c\"></span>nanziari<span class=\"_ _1\"></span> svol<span class=\"_ _1c\"></span>te da Ka<span class=\"_ _1\"></span>iros SG<span class=\"_ _1c\"></span>R per ci<span class=\"_ _1\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,<span class=\"_ _1\"></span>3 mili<span class=\"_ _1\"></span>oni.<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>La sottovoce \u201c4. Altri debiti <span class=\"ls1 ws1\">\u2013<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span><span class=\"ls0 wsf3\">4.2 Debiti per leasing\u201d \u00e8 costituit<span class=\"_ _0\"></span>a dal debito residuo, al 31<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 wsf3\"> </span></span>dicembre 2025,<span class=\"_ _0\"></span> in relazione ai dir<span class=\"_ _0\"></span>itti d\u2019uso is<span class=\"_ _0\"></span>critti in all\u2019a<span class=\"_ _0\"></span>pplicazione del prin<span class=\"_ _0\"></span>cipio contabile<span class=\"_ _0\"></span> IFRS<span class=\"_ _4ac\"> </span> 16.<span class=\"_ _47d\"></span>I<span class=\"_ _4ac\"> </span>l decremento nella voce<span class=\"_ _0\"></span> \u00e8 principalmente ricon<span class=\"_ _0\"></span>ducibil<span class=\"ls35 wsd2\">e ai pagam<span class=\"_ _0\"></span>enti, p<span class=\"_ _0\"></span>revalenteme<span class=\"_ _0\"></span>nte<span class=\"_ _4ac\"> </span></span>correlat<span class=\"_ _0\"></span>i alle locazioni degli immobili e al noleggio di auto, effettuati nell\u2019es<span class=\"_ _0\"></span>ercizio. Per maggior<span class=\"_ _47e\"></span>i<span class=\"_ _4ac\"> </span>in<span class=\"_ _4ac\"> </span>formazioni si rimanda alla \u201cParte<span class=\"_ _0\"></span> D <span class=\"ls1 ws1\">\u2013<span class=\"ls31 ws84\">Altre Inform<span class=\"_ _0\"></span>azioni </span>\u2013 <span class=\"_ _0\"></span><span class=\"ls1d wsff\">Sezi<span class=\"_ _0\"></span>one 7 </span>\u2013 <span class=\"_ _0\"></span><span class=\"ls11 wscf\">Informativa sul leasing</span></span><span class=\"_ _47f\"></span>\u201d<span class=\"_ _4ac\"> </span>d<span class=\"_ _4ac\"> </span>ella pr<span class=\"_ _0\"></span>esente<span class=\"_ _0\"></span> Nota inte<span class=\"ls0 ws0\">grativa conso<span class=\"_ _0\"></span>lidata.<span class=\"_ _4ac\"> </span></span>La so<span class=\"_ _1\"></span>ttov<span class=\"_ _1\"></span>oce \u201c4. A<span class=\"_ _1\"></span>ltri<span class=\"_ _1\"></span> debi<span class=\"_ _1\"></span>ti <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"ls11 ws11d\">4.3 altri\u201d c<span class=\"_ _0\"></span>omprende (i) la passivit\u00e0 finanziaria, pari a c<span class=\"_ _0\"></span>irca Euro<span class=\"_ _4ac\"> </span></span></span>15,2 milioni,<span class=\"_ _0\"></span> rilevata a segu<span class=\"_ _0\"></span>ito dell\u2019acquis<span class=\"_ _0\"></span>izione di Castello SGR<span class=\"_ _0\"></span> e riferibile all\u2019ammontare<span class=\"_ _0\"></span> atteso,<span class=\"_ _4ac\"> </span>oppor<span class=\"_ _1\"></span>tunam<span class=\"_ _1\"></span>ente at<span class=\"_ _1\"></span>tual<span class=\"_ _1\"></span>izzato<span class=\"_ _1\"></span>, che la S<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1c\"></span> prevede d<span class=\"_ _1\"></span>i corri<span class=\"_ _1\"></span>spon<span class=\"_ _1\"></span>dere a OCM<span class=\"_ _1\"></span> OPPS X<span class=\"_ _1\"></span>b Investements<span class=\"_ _0\"></span> (Castello) S.a.r.l.  a segu<span class=\"_ _0\"></span>ito dell\u2019esercizio<span class=\"_ _0\"></span> dell\u2019opzione put per gli e<span class=\"_ _0\"></span>ffetti dell\u2019Accordo di put e call per l\u2019acquisto de<span class=\"_ _0\"></span>l 20% di Castello SGR e (ii) la passi<span class=\"ls11 ws58\">vit\u00e0 finanziaria, pari a circa Euro </span>4,6 milion<span class=\"_ _0\"></span>i, rilevata a seguito<span class=\"_ _0\"></span> della sottoscr<span class=\"_ _0\"></span>izione da parte di Cas<span class=\"_ _0\"></span>tello SGR de<span class=\"_ _0\"></span>l patto parasociale con Ha<span class=\"_ _1\"></span>lld<span class=\"_ _1\"></span>is S.p<span class=\"_ _1\"></span>.a. e <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eribi<span class=\"_ _1\"></span>le all<span class=\"_ _1\"></span>\u2019amm<span class=\"_ _1\"></span>onta<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span> attes<span class=\"_ _1\"></span>o, opp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>uname<span class=\"_ _1c\"></span>nte att<span class=\"_ _1\"></span>ualiz<span class=\"_ _1\"></span>zato<span class=\"_ _1\"></span>, che l<span class=\"_ _1c\"></span>a<span class=\"_ _0\"></span> contro<span class=\"_ _0\"></span>llat<span class=\"_ _0\"></span>a Caste<span class=\"_ _0\"></span>llo SGR<span class=\"_ _0\"></span> prev<span class=\"_ _0\"></span>e<span class=\"ls0 wsc1\">de di corrispondere a Halldis S.p.a., a seguito dell\u2019esercizio </span>dell\u2019opzione<span class=\"_ _0\"></span> put riferita al 21% del capita<span class=\"_ _0\"></span>le di Vita Srl, disciplin<span class=\"_ _0\"></span>ata nell\u2019ambito del sopracit<span class=\"_ _0\"></span>ato patto parasociale.<span class=\"ls1 ws1\"> </span>1.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls2 ws4d1\">C<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _11\"></span> \u201cP<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>\u201d: \u201c<span class=\"_ _0\"></span>T<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i in<span class=\"_ _13\"></span> </span></span>c<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>laz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w810 h47a\" id=\"_2b5a3719-4add-4b64-a6d3-d4db5911a1ee\"><tr><td></td><td></td><td class=\"c x8c7 y36e4 w166 h1e2\"><div class=\"t m3b xae h1e1 y1da5 ff2 fs49 fc0 sc0 ls23c ws4d5\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x8c8 y36e4 w167 h1e2\"><div class=\"t m3b xae h1e1 y1da5 ff2 fs49 fc0 sc0 ls23c ws4d5\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x8c9 y36e5 w168 h1e3\"><div class=\"t m3b xfc h1e1 y1da7 ff1 fs49 fc0 sc0 ls23f ws4d9\">Fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x8ca y36e5 w169 h1e3\"><div class=\"t m3b x8c h1e1 y1da8 ff1 fs49 fc0 sc0 ls23f ws4d9\">Fair value<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y36e7 w811 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d2\">Tit<span class=\"_ _0\"></span>oli<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cb y36e7 w812 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23a ws4d3\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cc y36e7 w813 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cd y36e7 w814 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ce y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cf y36e7 w812 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23a ws4d3\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d0 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d1 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d2 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e8 w816 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m3b x8d3 h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">T<span class=\"_ _4ac\"> </span></div><div class=\"t m3b x8d4 h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">itoli<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d5 y36e8 w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d6 y36e8 w818 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">577.<span class=\"_ _0\"></span>595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8d7 y36e8 w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">585.<span class=\"_ _0\"></span>214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d8 y36e8 w819 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">564.<span class=\"_ _0\"></span>037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y36e9 w81a h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23d ws4d7\">- ob<span class=\"_ _1\"></span>bligazioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d9 y36e9 w81b h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8da y36e9 w81c h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">577.595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8db y36e9 w81d h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">585.214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8dc y36e9 w81e h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">564.037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x8dd y36ea w165 h1e0\"><div class=\"t m3b x69 h1e1 y1da2 ff1 fs49 fc0 sc0 ls23d ws4d7\">- altri titoli<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w81f h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23b ws4d4\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8de y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8df y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">577.<span class=\"_ _0\"></span>595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8e0 y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">585.<span class=\"_ _0\"></span>214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e1 y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">564.<span class=\"_ _0\"></span>037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr></table>Legenda:<span class=\"ff1\"> <span class=\"ws19c\">VB= Valore di b<span class=\"_ _0\"></span>ilancio; L1= Livello 1; L2<span class=\"_ _0\"></span>= Livello 2; L3= Livello 3.</span> </span>La voce \u201cTitoli <span class=\"ls1 ws1\">\u2013 </span>obbligazio<span class=\"_ _0\"></span>ni\u201d \u00e8 costituita da titoli obbligazion<span class=\"_ _0\"></span>ari emessi dalla Societ\u00e0 in data<span class=\"_ _0\"></span> 23<span class=\"_ _1\"></span> ottob<span class=\"_ _1\"></span>re 201<span class=\"_ _1\"></span>9 (\u201cPres<span class=\"_ _1\"></span>tito Ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 2026\u201d<span class=\"_ _1\"></span>) e in da<span class=\"_ _1c\"></span>ta 22 aprile 20<span class=\"_ _1\"></span>21 (\u201c<span class=\"_ _1\"></span>Presti<span class=\"_ _1\"></span>to Obbligazionario<span class=\"_ _0\"></span> 2028\u201d). <span class=\"ls1 ws1\"> </span>Il Pre<span class=\"_ _1\"></span>stito <span class=\"_ _1\"></span>Obbl<span class=\"_ _1\"></span>igaz<span class=\"_ _1\"></span>ionar<span class=\"_ _1\"></span>io 202<span class=\"_ _1\"></span>6 \u00e8 esp<span class=\"_ _1c\"></span>osto nel<span class=\"_ _1\"></span> Bila<span class=\"_ _1\"></span>ncio a<span class=\"_ _1\"></span>l cost<span class=\"_ _1\"></span>o am<span class=\"_ _1\"></span>mortiz<span class=\"_ _1\"></span>zato p<span class=\"_ _1\"></span>er un a<span class=\"_ _1c\"></span>mmontar<span class=\"_ _1\"></span>e pari<span class=\"_ _1\"></span> a circa E<span class=\"_ _1c\"></span>uro 284<span class=\"_ _1\"></span>,5 mil<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span>. Tale va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e \u00e8 rap<span class=\"_ _1\"></span>pres<span class=\"_ _1\"></span>enta<span class=\"_ _1\"></span>to (i) d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>\u2019import<span class=\"_ _1c\"></span>o incass<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r l\u2019e<span class=\"_ _1\"></span>missio<span class=\"_ _1c\"></span>ne (al ne<span class=\"_ _1\"></span>tto de<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span> parte <span class=\"_ _1\"></span>riacq<span class=\"_ _1\"></span>uista<span class=\"_ _1c\"></span>ta in d<span class=\"_ _1\"></span>ata 10 g<span class=\"_ _1c\"></span>iugno 2<span class=\"_ _1\"></span>020<span class=\"ls0 ws82\">) per circa Euro 282,4<span class=\"_ _0\"></span> milioni, </span>(ii) m<span class=\"_ _4ac\"> </span>aggiorato degli interessi pas<span class=\"_ _0\"></span>sivi maturati dalla data dell\u2019ult<span class=\"_ _0\"></span>imo stacco cedola al 31<span class=\"_ _4ac\"> </span>dicembre 2025<span class=\"_ _0\"></span> e determinati con il meto<span class=\"_ _0\"></span>do del costo ammortiz<span class=\"_ _0\"></span>zato (sulla base de<span class=\"_ _0\"></span>l tasso d<span class=\"_ _480\"></span>i<span class=\"_ _4ac\"> </span>inter<span class=\"_ _1\"></span>esse effe<span class=\"_ _1\"></span>ttivo)<span class=\"_ _1\"></span> per circa Eu<span class=\"_ _1\"></span>ro 2,3 mi<span class=\"ls0 ws74\">lioni e (iii) diminuito dei cost<span class=\"_ _0\"></span>i di transazione correlati<span class=\"_ _4ac\"> </span></span>all\u2019em<span class=\"_ _0\"></span>issione obbligazionaria che sono<span class=\"_ _0\"></span> stati capitalizzat<span class=\"_ _0\"></span>i e sono espost<span class=\"_ _0\"></span>i al valore residuo<span class=\"_ _0\"></span> per<span class=\"_ _4ac\"> </span>circa <span class=\"_ _0\"></span>Euro 0,2 m<span class=\"_ _0\"></span>ilioni.<span class=\"_ _4ac\"> </span>Con riferimento al Prestito<span class=\"_ _0\"></span> Obbligazionario 2028, \u00e8 esposto nel Bilancio al costo ammortizz<span class=\"_ _0\"></span>ato,<span class=\"_ _4ac\"> </span>per un ammontare pari a circa Euro 301,8 milioni. Tale valore \u00e8<span class=\"_ _0\"></span> rappresentato (i) dall\u2019importo<span class=\"_ _4ac\"> </span>incass<span class=\"_ _0\"></span>ato a s<span class=\"_ _1\"></span>eguito de<span class=\"_ _0\"></span>ll\u2019emissione per circa Euro 298,2 milioni, (ii) maggiorato degli interes<span class=\"_ _0\"></span>si<span class=\"_ _4ac\"> </span>passivi matur<span class=\"_ _0\"></span>ati  dall\u2019ultimo stacco cedola al 31 dicembre 2025 e determinati con il metodo de<span class=\"_ _481\"></span>l<span class=\"_ _4ac\"> </span>costo ammortizzato<span class=\"_ _0\"></span> (sulla base del tasso di intere<span class=\"_ _0\"></span>sse effettivo) per circ<span class=\"_ _0\"></span>a Euro 4,3 milioni e (iii)<span class=\"_ _4ac\"> </span>diminuito dei costi di trans<span class=\"ws189\">azione c<span class=\"_ _0\"></span>orrelati all\u2019<span class=\"_ _0\"></span>emissione obbligazion<span class=\"_ _0\"></span>aria che sono st<span class=\"_ _0\"></span>ati<span class=\"_ _4ac\"> </span></span>capitalizzat<span class=\"_ _0\"></span>i e sono esposti al valore residuo per<span class=\"_ _0\"></span> circa Euro 0,7 milioni.<span class=\"_ _4ac\"> </span>Per ulteriori dettagli sul Prest<span class=\"_ _0\"></span>ito Obbligazionario 2026 e sul Prestito Obbligazionario 2028 s<span class=\"_ _482\"></span>i<span class=\"_ _4ac\"> </span>r<span class=\"_ _4ac\"> </span>invia alla \u201cParte D <span class=\"ls1 ws1\">- <span class=\"_ _17\"> </span><span class=\"ls31 wsf6\">Altre<span class=\"_ _0\"></span> Inform<span class=\"_ _0\"></span>azioni<span class=\"_ _0\"></span> </span>\u2013 <span class=\"_ _18\"></span><span class=\"ls1c wse8\">Sezi<span class=\"_ _1\"></span>one 3 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _86\"></span><span class=\"ls0 wsfe\">In<span class=\"_ _0\"></span>formazioni sui risch<span class=\"_ _0\"></span>i e sulle relat<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></span></span></span></span>politiche<span class=\"_ _0\"></span> di copertur<span class=\"_ _0\"></span>a <span class=\"ls1 ws1\">- </span><span class=\"ws0\">3.1 Rischi finanziar<span class=\"_ _0\"></span>i\u201d della presente <span class=\"ls11 ws19\">Nota I<span class=\"_ _0\"></span>ntegrativa consolidata.<span class=\"_ _4ac\"> </span></span></span>1.5<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls126 ws4da\">P<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _11\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> <span class=\"ls1 ws1\">\u2013  <span class=\"ls2 ws4db\">D<span class=\"_ _11\"></span>e<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>r </span></span></span></span>co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rte<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w835 h47d\" id=\"_7f04049e-a833-443e-88b5-854c77a71d90\"><tr><td></td><td class=\"c x8f7 y36ef w836 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls241 ws4dc\">Banche<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8f8 y36ef w837 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">Societ\u00e0 f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fa y36ef w838 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4de\">Clien<span class=\"_ _4ac\"> </span></div><div class=\"t m3c x8f9 h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4de\">tela<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1db2 ff2 fs4a fc0 sc0 ls243 ws4df\">Com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osiz<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span>/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fb y36f1 w839 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fc y36f1 w839 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fd y36f1 w83a h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f2 w83b h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">1. Deb<span class=\"_ _0\"></span>iti verso ret<span class=\"_ _0\"></span>i di vend<span class=\"_ _0\"></span>ita<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8fe y36f2 w83c h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">180.002<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ff y36f2 w83d h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">90.<span class=\"_ _0\"></span>181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x900 y36f2 w83e h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.<span class=\"_ _0\"></span>268<span class=\"_ _4ac\"> </span></div></td><td class=\"c x901 y36f2 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x902 y36f2 w840 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">4.<span class=\"_ _0\"></span>281<span class=\"_ _4ac\"> </span></div></td><td class=\"c x903 y36f2 w841 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f3 w842 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.1<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c x904 y36f3 w843 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">176.092<span class=\"_ _4ac\"> </span></div></td><td class=\"c x905 y36f3 w844 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">88.770<span class=\"_ _4ac\"> </span></div></td><td class=\"c x906 y36f3 w845 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.037<span class=\"_ _4ac\"> </span></div></td><td class=\"c x907 y36f3 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x908 y36f3 w845 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">3.889<span class=\"_ _4ac\"> </span></div></td><td class=\"c x909 y36f3 w841 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f4 w846 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.2<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento gestioni individ<span class=\"_ _1\"></span>uali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90a y36f4 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.152<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90b y36f4 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">358<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90c y36f4 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90d y36f4 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90e y36f4 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">391<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90f y36f4 w849 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f5 w84a h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.3<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento fondi p<span class=\"_ _1\"></span>ensione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x910 y36f5 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">2.758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x911 y36f5 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.053<span class=\"_ _4ac\"> </span></div></td><td class=\"c x912 y36f5 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">231<span class=\"_ _4ac\"> </span></div></td><td class=\"c x913 y36f5 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x914 y36f5 w84b h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x915 y36f5 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f6 w84c h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">2. Deb<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>er att<span class=\"_ _0\"></span>ivit\u00e0 di gest<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x916 y36f6 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x917 y36f6 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">252<span class=\"_ _4ac\"> </span></div></td><td class=\"c x918 y36f6 w84d h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.771<span class=\"_ _4ac\"> </span></div></td><td class=\"c x919 y36f6 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91a y36f6 w84e h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.297<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91b y36f6 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f8 w84f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">2.1<span class=\"_ _1\"></span> per gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91c y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91d y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91e y36f8 w845 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">1.302<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91f y36f8 w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x920 y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x921 y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f9 w850 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">2.2<span class=\"_ _1\"></span> per gestioni ricevute in delega<span class=\"_ _4ac\"> </span></div></td><td class=\"c x922 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x923 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">252<span class=\"_ _4ac\"> </span></div></td><td class=\"c x924 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">468<span class=\"_ _4ac\"> </span></div></td><td class=\"c x925 y36f9 w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x926 y36f9 w845 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">1.297<span class=\"_ _4ac\"> </span></div></td><td class=\"c x927 y36f9 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fa w851 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e4\">2.3 per a<span class=\"_ _0\"></span>ltr<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x928 y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x929 y36fa w852 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92a y36fa w853 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92b y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92c y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92d y36fa w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fb w854 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls242 ws4dd\">3. Deb<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>er altri se<span class=\"_ _0\"></span>rvizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92e y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92f y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x930 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x931 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x932 y36fb w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x933 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fc w855 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls242 ws4dd\">4. Altri d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x934 y36fc w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">421<span class=\"_ _4ac\"> </span></div></td><td class=\"c x929 y36fc w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">409<span class=\"_ _4ac\"> </span></div></td><td class=\"c x935 y36fc w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x936 y36fc w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x937 y36fc w856 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">42.056<span class=\"_ _4ac\"> </span></div></td><td class=\"c x938 y36fc w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fd w857 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">4.2<span class=\"_ _1\"></span> debiti per le<span class=\"_ _1\"></span>asing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x939 y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93a y36fd w852 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93b y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93c y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93d y36fd w858 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">22.<span class=\"_ _0\"></span>030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93e y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fe w859 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e4\">4.3 alt<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93f y36fe w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">421<span class=\"_ _4ac\"> </span></div></td><td class=\"c x940 y36fe w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">409<span class=\"_ _4ac\"> </span></div></td><td class=\"c x941 y36fe w841 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x942 y36fe w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x943 y36fe w85a h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">20.026<span class=\"_ _4ac\"> </span></div></td><td class=\"c x944 y36fe w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1dc1 ff2 fs4a fc0 sc0 ls245 ws4e5\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x945 y36ff w85b h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">181.181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x946 y36ff w85c h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">90.843<span class=\"_ _4ac\"> </span></div></td><td class=\"c x947 y36ff w84e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">3.040<span class=\"_ _4ac\"> </span></div></td><td class=\"c x948 y36ff w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x949 y36ff w85d h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">47.634<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94a y36ff w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1dc4 ff2 fs4a fc0 sc0 ls245 ws4e5\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td class=\"c x945 y345e w85b h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">163.545<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94b y345e w85e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls247 ws4e4\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94c y345e w83e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">2.<span class=\"_ _0\"></span>155<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94d y345e w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94e y345e w85d h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">49.843<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94f y345e w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-675": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs74d\">Sezione 1 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>assivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anziarie v<span class=\"_ _0\"></span>alutate<span class=\"_ _0\"></span> al cos<span class=\"_ _0\"></span>to ammor<span class=\"_ _0\"></span>tizzato<span class=\"_ _0\"></span> </span>\u2013 </span>Voce 10<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls230 ws4c6 gs74e\">1.1<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls126 ws194\">P<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _1c\"></span><span class=\"ls2 ws44\">f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>: c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> m<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>lo<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>i<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff29 ls1 ws1\"><span class=\"ff5 ls126 ws194\"><span class=\"ls2 ws44\"> </span></span></span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls231 ws4c7 gs74f\">de<span class=\"_ _0\"></span>bi<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs750\"><table class=\"s w7ec h479\" id=\"_e5704dca-86ca-45da-8edd-f9195cd5b5c6\"><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d67 ff2 fs48 fc0 sc0 ls232 ws4c8\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a0 y36d5 w7ed h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a1 y36d5 w7ee h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d6 w7ef h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">1. De<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i verso re<span class=\"_ _0\"></span>ti d<span class=\"_ _0\"></span>i vend<span class=\"_ _0\"></span>ita:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a2 y36d6 w7f0 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">185.552<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a3 y36d6 w7f1 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">167.<span class=\"_ _0\"></span>258<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d7 w7f2 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento O<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a4 y36d7 w7f3 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">181.018<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a5 y36d7 w7f4 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">163.132<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d8 w7f5 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>2 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento ges<span class=\"_ _0\"></span>tioni in<span class=\"_ _1\"></span>dividuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a6 y36d8 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.543<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a7 y36d8 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.565<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d9 w7f7 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>3 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento fondi pen<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a8 y36d9 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.991<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a9 y36d9 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.561<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36da w7f8 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">D<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i pe<span class=\"_ _0\"></span>r at<span class=\"_ _0\"></span>tivit\u00e0 d<span class=\"_ _0\"></span>i ges<span class=\"_ _0\"></span>tione:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ac y36da w7f9 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">3.<span class=\"_ _0\"></span>825<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ad y36da w7f9 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">3.<span class=\"_ _0\"></span>356<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36db w7fa h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">2.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>er gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ae y36db w7fb h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.302<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8af y36db w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36dc w7fc h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">2.<span class=\"_ _1\"></span>2 p<span class=\"_ _1\"></span>er gestioni ric<span class=\"_ _0\"></span>evute<span class=\"_ _1\"></span> in dele<span class=\"_ _1\"></span>ga<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b0 y36dc w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.522<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b1 y36dc w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.062<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36dd w7fd h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cd\">2.3 pe<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ro<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b2 y36dd w7fe h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b3 y36dd w7ff h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36de w800 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">D<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i pe<span class=\"_ _0\"></span>r alt<span class=\"_ _0\"></span>ri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b4 y36de w801 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b5 y36de w802 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36df w803 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">ltri d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b6 y36df w804 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">42.<span class=\"_ _0\"></span>477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b7 y36df w804 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">44.<span class=\"_ _0\"></span>929<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e0 w805 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>ronti contro termine<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b8 y36e0 w806 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b9 y36e0 w806 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e1 w807 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>2 Debiti pe<span class=\"_ _1\"></span>r leasing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ba y36e1 w808 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">22.030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bb y36e1 w809 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">26.090<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e2 w80a h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>3 Altri deb<span class=\"_ _1\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bc y36e2 w80b h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls235 ws4cc\">20.<span class=\"_ _0\"></span>447<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bd y36e2 w809 h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls235 ws4cc\">18.839<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e3 w80c h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls236 ws4ce\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8be y36e3 w80d h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">231.<span class=\"_ _0\"></span>854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bf y36e3 w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">215.<span class=\"_ _0\"></span>543<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7b ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 1<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7c ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c0 y367c w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">212.<span class=\"_ _0\"></span>066<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c1 y367c w80d h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">196.<span class=\"_ _0\"></span>733<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7e ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c2 y367d w804 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">19.<span class=\"_ _0\"></span>788<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c3 y367d w80e h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">18.<span class=\"_ _0\"></span>810<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w80f h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls238 ws4d0\">Tot<span class=\"_ _0\"></span>ale f<span class=\"_ _0\"></span>air value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c4 y345e w7f0 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">231.854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c5 y345e w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">215.<span class=\"_ _0\"></span>543<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10f gs751\">I</div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10f gs752\"> valori indicati nella sottovoce \u201c1. Debiti verso reti di vendita\u201d sono riconducibili qu<span class=\"_ _0\"></span>asi<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs753\">interamente alle commissioni da riconoscere ai distribut<span class=\"_ _0\"></span>ori dei prodotti istituiti e gestiti dal<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws101 gs754\">Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima<span class=\"_ _1\"></span>; tali<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>mmiss<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> verr<span class=\"_ _1\"></span>anno<span class=\"_ _1\"></span> pag<span class=\"_ _1\"></span>ate q<span class=\"_ _1\"></span>uasi i<span class=\"_ _1c\"></span>nteram<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> n<span class=\"ls31 ws154\">el corso del<span class=\"_ _0\"></span> primo<span class=\"_ _4ac\"> </span></span><span class=\"ls31 ws154\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws87 gs755\">tr<span class=\"_ _0\"></span>imestr<span class=\"_ _0\"></span>e del 2026<span class=\"_ _0\"></span>. L\u2019au<span class=\"_ _0\"></span>mento,<span class=\"_ _0\"></span> rispet<span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>l 31 dicem<span class=\"_ _0\"></span>bre 202<span class=\"_ _0\"></span>4, \u00e8 pr<span class=\"_ _0\"></span>incipa<span class=\"_ _0\"></span>lmente<span class=\"_ _0\"></span> dovuto<span class=\"_ _0\"></span> a<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs756\">magg<span class=\"_ _1\"></span>iori d<span class=\"_ _1\"></span>ebiti<span class=\"_ _1\"></span> per c<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssioni<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>manteni<span class=\"_ _1c\"></span>mento <span class=\"_ _1\"></span>e di c<span class=\"_ _1\"></span>olloca<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>o.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10a gs757\">Nella sotto<span class=\"_ _0\"></span>voce \u201c2. Debiti per attivit\u00e0 di gestione<span class=\"_ _0\"></span>\u201d, sono evidenziati i debiti riconducibili<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs758\">principalmente<span class=\"_ _0\"></span> (i) alle commissioni da riconoscere ai distribut<span class=\"_ _0\"></span>ori delle Sicav promosse e/o<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs759\">gestite<span class=\"_ _0\"></span> dal Gruppo Anima per circa 2,5 milioni e (ii) alle co<span class=\"_ _0\"></span>mmissioni<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>per l\u2019attivit<span class=\"_ _0\"></span>\u00e0 di gestioni di<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs75a\">patri<span class=\"_ _1c\"></span>moni a fav<span class=\"_ _1c\"></span>ore di e<span class=\"_ _1c\"></span>nt<span class=\"_ _0\"></span>i fi<span class=\"_ _1c\"></span>nanziari<span class=\"_ _1\"></span> svol<span class=\"_ _1c\"></span>te da Ka<span class=\"_ _1\"></span>iros SG<span class=\"_ _1c\"></span>R per ci<span class=\"_ _1\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,<span class=\"_ _1\"></span>3 mili<span class=\"_ _1\"></span>oni.<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws12b gs75b\">La sottovoce \u201c4. Altri debiti <span class=\"ls1 ws1\">\u2013<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span><span class=\"ls0 wsf3\">4.2 Debiti per leasing\u201d \u00e8 costituit<span class=\"_ _0\"></span>a dal debito residuo, al 31<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 wsf3\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs75c\">dicembre 2025,<span class=\"_ _0\"></span> in relazione ai dir<span class=\"_ _0\"></span>itti d\u2019uso is<span class=\"_ _0\"></span>critti in all\u2019a<span class=\"_ _0\"></span>pplicazione del prin<span class=\"_ _0\"></span>cipio contabile<span class=\"_ _0\"></span> IFRS<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs75d\">16.<span class=\"_ _47d\"></span>I<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs75e\">l decremento nella voce<span class=\"_ _0\"></span> \u00e8 principalmente ricon<span class=\"_ _0\"></span>ducibil<span class=\"ls35 wsd2\">e ai pagam<span class=\"_ _0\"></span>enti, p<span class=\"_ _0\"></span>revalenteme<span class=\"_ _0\"></span>nte<span class=\"_ _4ac\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs75f\">correlat<span class=\"_ _0\"></span>i alle locazioni degli immobili e al noleggio di auto, effettuati nell\u2019es<span class=\"_ _0\"></span>ercizio. Per maggior<span class=\"_ _47e\"></span>i<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs760\">in<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs761\">formazioni si rimanda alla \u201cParte<span class=\"_ _0\"></span> D <span class=\"ls1 ws1\">\u2013<span class=\"ls31 ws84\">Altre Inform<span class=\"_ _0\"></span>azioni </span>\u2013 <span class=\"_ _0\"></span><span class=\"ls1d wsff\">Sezi<span class=\"_ _0\"></span>one 7 </span>\u2013 <span class=\"_ _0\"></span><span class=\"ls11 wscf\">Informativa sul leasing</span></span><span class=\"_ _47f\"></span>\u201d<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws5c gs762\">d<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws5c gs763\">ella pr<span class=\"_ _0\"></span>esente<span class=\"_ _0\"></span> Nota inte<span class=\"ls0 ws0\">grativa conso<span class=\"_ _0\"></span>lidata.<span class=\"_ _4ac\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wse2 gs764\">La so<span class=\"_ _1\"></span>ttov<span class=\"_ _1\"></span>oce \u201c4. A<span class=\"_ _1\"></span>ltri<span class=\"_ _1\"></span> debi<span class=\"_ _1\"></span>ti <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"ls11 ws11d\">4.3 altri\u201d c<span class=\"_ _0\"></span>omprende (i) la passivit\u00e0 finanziaria, pari a c<span class=\"_ _0\"></span>irca Euro<span class=\"_ _4ac\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs765\">15,2 milioni,<span class=\"_ _0\"></span> rilevata a segu<span class=\"_ _0\"></span>ito dell\u2019acquis<span class=\"_ _0\"></span>izione di Castello SGR<span class=\"_ _0\"></span> e riferibile all\u2019ammontare<span class=\"_ _0\"></span> atteso,<span class=\"_ _4ac\"> </span></div>oppor<span class=\"_ _1\"></span>tunam<span class=\"_ _1\"></span>ente at<span class=\"_ _1\"></span>tual<span class=\"_ _1\"></span>izzato<span class=\"_ _1\"></span>, che la S<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1c\"></span> prevede d<span class=\"_ _1\"></span>i corri<span class=\"_ _1\"></span>spon<span class=\"_ _1\"></span>dere a OCM<span class=\"_ _1\"></span> OPPS X<span class=\"_ _1\"></span>b Investements<span class=\"_ _0\"></span> (Castello) S.a.r.l.  a segu<span class=\"_ _0\"></span>ito dell\u2019esercizio<span class=\"_ _0\"></span> dell\u2019opzione put per gli e<span class=\"_ _0\"></span>ffetti dell\u2019Accordo di put e call per l\u2019acquisto de<span class=\"_ _0\"></span>l 20% di Castello SGR e (ii) la passi<span class=\"ls11 ws58\">vit\u00e0 finanziaria, pari a circa Euro </span>4,6 milion<span class=\"_ _0\"></span>i, rilevata a seguito<span class=\"_ _0\"></span> della sottoscr<span class=\"_ _0\"></span>izione da parte di Cas<span class=\"_ _0\"></span>tello SGR de<span class=\"_ _0\"></span>l patto parasociale con Ha<span class=\"_ _1\"></span>lld<span class=\"_ _1\"></span>is S.p<span class=\"_ _1\"></span>.a. e <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eribi<span class=\"_ _1\"></span>le all<span class=\"_ _1\"></span>\u2019amm<span class=\"_ _1\"></span>onta<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span> attes<span class=\"_ _1\"></span>o, opp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>uname<span class=\"_ _1c\"></span>nte att<span class=\"_ _1\"></span>ualiz<span class=\"_ _1\"></span>zato<span class=\"_ _1\"></span>, che l<span class=\"_ _1c\"></span>a<span class=\"_ _0\"></span> contro<span class=\"_ _0\"></span>llat<span class=\"_ _0\"></span>a Caste<span class=\"_ _0\"></span>llo SGR<span class=\"_ _0\"></span> prev<span class=\"_ _0\"></span>e<span class=\"ls0 wsc1\">de di corrispondere a Halldis S.p.a., a seguito dell\u2019esercizio </span>dell\u2019opzione<span class=\"_ _0\"></span> put riferita al 21% del capita<span class=\"_ _0\"></span>le di Vita Srl, disciplin<span class=\"_ _0\"></span>ata nell\u2019ambito del sopracit<span class=\"_ _0\"></span>ato patto parasociale.<span class=\"ls1 ws1\"> </span>1.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls2 ws4d1\">C<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _11\"></span> \u201cP<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>\u201d: \u201c<span class=\"_ _0\"></span>T<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i in<span class=\"_ _13\"></span> </span></span>c<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>laz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w810 h47a\" id=\"_2b5a3719-4add-4b64-a6d3-d4db5911a1ee\"><tr><td></td><td></td><td class=\"c x8c7 y36e4 w166 h1e2\"><div class=\"t m3b xae h1e1 y1da5 ff2 fs49 fc0 sc0 ls23c ws4d5\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x8c8 y36e4 w167 h1e2\"><div class=\"t m3b xae h1e1 y1da5 ff2 fs49 fc0 sc0 ls23c ws4d5\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x8c9 y36e5 w168 h1e3\"><div class=\"t m3b xfc h1e1 y1da7 ff1 fs49 fc0 sc0 ls23f ws4d9\">Fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x8ca y36e5 w169 h1e3\"><div class=\"t m3b x8c h1e1 y1da8 ff1 fs49 fc0 sc0 ls23f ws4d9\">Fair value<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y36e7 w811 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d2\">Tit<span class=\"_ _0\"></span>oli<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cb y36e7 w812 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23a ws4d3\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cc y36e7 w813 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cd y36e7 w814 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ce y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cf y36e7 w812 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23a ws4d3\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d0 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d1 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d2 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e8 w816 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m3b x8d3 h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">T<span class=\"_ _4ac\"> </span></div><div class=\"t m3b x8d4 h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">itoli<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d5 y36e8 w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d6 y36e8 w818 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">577.<span class=\"_ _0\"></span>595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8d7 y36e8 w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">585.<span class=\"_ _0\"></span>214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d8 y36e8 w819 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">564.<span class=\"_ _0\"></span>037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y36e9 w81a h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23d ws4d7\">- ob<span class=\"_ _1\"></span>bligazioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d9 y36e9 w81b h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8da y36e9 w81c h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">577.595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8db y36e9 w81d h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">585.214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8dc y36e9 w81e h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">564.037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x8dd y36ea w165 h1e0\"><div class=\"t m3b x69 h1e1 y1da2 ff1 fs49 fc0 sc0 ls23d ws4d7\">- altri titoli<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w81f h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23b ws4d4\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8de y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8df y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">577.<span class=\"_ _0\"></span>595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8e0 y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">585.<span class=\"_ _0\"></span>214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e1 y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">564.<span class=\"_ _0\"></span>037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr></table>Legenda:<span class=\"ff1\"> <span class=\"ws19c\">VB= Valore di b<span class=\"_ _0\"></span>ilancio; L1= Livello 1; L2<span class=\"_ _0\"></span>= Livello 2; L3= Livello 3.</span> </span>La voce \u201cTitoli <span class=\"ls1 ws1\">\u2013 </span>obbligazio<span class=\"_ _0\"></span>ni\u201d \u00e8 costituita da titoli obbligazion<span class=\"_ _0\"></span>ari emessi dalla Societ\u00e0 in data<span class=\"_ _0\"></span> 23<span class=\"_ _1\"></span> ottob<span class=\"_ _1\"></span>re 201<span class=\"_ _1\"></span>9 (\u201cPres<span class=\"_ _1\"></span>tito Ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 2026\u201d<span class=\"_ _1\"></span>) e in da<span class=\"_ _1c\"></span>ta 22 aprile 20<span class=\"_ _1\"></span>21 (\u201c<span class=\"_ _1\"></span>Presti<span class=\"_ _1\"></span>to Obbligazionario<span class=\"_ _0\"></span> 2028\u201d). <span class=\"ls1 ws1\"> </span>Il Pre<span class=\"_ _1\"></span>stito <span class=\"_ _1\"></span>Obbl<span class=\"_ _1\"></span>igaz<span class=\"_ _1\"></span>ionar<span class=\"_ _1\"></span>io 202<span class=\"_ _1\"></span>6 \u00e8 esp<span class=\"_ _1c\"></span>osto nel<span class=\"_ _1\"></span> Bila<span class=\"_ _1\"></span>ncio a<span class=\"_ _1\"></span>l cost<span class=\"_ _1\"></span>o am<span class=\"_ _1\"></span>mortiz<span class=\"_ _1\"></span>zato p<span class=\"_ _1\"></span>er un a<span class=\"_ _1c\"></span>mmontar<span class=\"_ _1\"></span>e pari<span class=\"_ _1\"></span> a circa E<span class=\"_ _1c\"></span>uro 284<span class=\"_ _1\"></span>,5 mil<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span>. Tale va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e \u00e8 rap<span class=\"_ _1\"></span>pres<span class=\"_ _1\"></span>enta<span class=\"_ _1\"></span>to (i) d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>\u2019import<span class=\"_ _1c\"></span>o incass<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r l\u2019e<span class=\"_ _1\"></span>missio<span class=\"_ _1c\"></span>ne (al ne<span class=\"_ _1\"></span>tto de<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span> parte <span class=\"_ _1\"></span>riacq<span class=\"_ _1\"></span>uista<span class=\"_ _1c\"></span>ta in d<span class=\"_ _1\"></span>ata 10 g<span class=\"_ _1c\"></span>iugno 2<span class=\"_ _1\"></span>020<span class=\"ls0 ws82\">) per circa Euro 282,4<span class=\"_ _0\"></span> milioni, </span>(ii) m<span class=\"_ _4ac\"> </span>aggiorato degli interessi pas<span class=\"_ _0\"></span>sivi maturati dalla data dell\u2019ult<span class=\"_ _0\"></span>imo stacco cedola al 31<span class=\"_ _4ac\"> </span>dicembre 2025<span class=\"_ _0\"></span> e determinati con il meto<span class=\"_ _0\"></span>do del costo ammortiz<span class=\"_ _0\"></span>zato (sulla base de<span class=\"_ _0\"></span>l tasso d<span class=\"_ _480\"></span>i<span class=\"_ _4ac\"> </span>inter<span class=\"_ _1\"></span>esse effe<span class=\"_ _1\"></span>ttivo)<span class=\"_ _1\"></span> per circa Eu<span class=\"_ _1\"></span>ro 2,3 mi<span class=\"ls0 ws74\">lioni e (iii) diminuito dei cost<span class=\"_ _0\"></span>i di transazione correlati<span class=\"_ _4ac\"> </span></span>all\u2019em<span class=\"_ _0\"></span>issione obbligazionaria che sono<span class=\"_ _0\"></span> stati capitalizzat<span class=\"_ _0\"></span>i e sono espost<span class=\"_ _0\"></span>i al valore residuo<span class=\"_ _0\"></span> per<span class=\"_ _4ac\"> </span>circa <span class=\"_ _0\"></span>Euro 0,2 m<span class=\"_ _0\"></span>ilioni.<span class=\"_ _4ac\"> </span>Con riferimento al Prestito<span class=\"_ _0\"></span> Obbligazionario 2028, \u00e8 esposto nel Bilancio al costo ammortizz<span class=\"_ _0\"></span>ato,<span class=\"_ _4ac\"> </span>per un ammontare pari a circa Euro 301,8 milioni. Tale valore \u00e8<span class=\"_ _0\"></span> rappresentato (i) dall\u2019importo<span class=\"_ _4ac\"> </span>incass<span class=\"_ _0\"></span>ato a s<span class=\"_ _1\"></span>eguito de<span class=\"_ _0\"></span>ll\u2019emissione per circa Euro 298,2 milioni, (ii) maggiorato degli interes<span class=\"_ _0\"></span>si<span class=\"_ _4ac\"> </span>passivi matur<span class=\"_ _0\"></span>ati  dall\u2019ultimo stacco cedola al 31 dicembre 2025 e determinati con il metodo de<span class=\"_ _481\"></span>l<span class=\"_ _4ac\"> </span>costo ammortizzato<span class=\"_ _0\"></span> (sulla base del tasso di intere<span class=\"_ _0\"></span>sse effettivo) per circ<span class=\"_ _0\"></span>a Euro 4,3 milioni e (iii)<span class=\"_ _4ac\"> </span>diminuito dei costi di trans<span class=\"ws189\">azione c<span class=\"_ _0\"></span>orrelati all\u2019<span class=\"_ _0\"></span>emissione obbligazion<span class=\"_ _0\"></span>aria che sono st<span class=\"_ _0\"></span>ati<span class=\"_ _4ac\"> </span></span>capitalizzat<span class=\"_ _0\"></span>i e sono esposti al valore residuo per<span class=\"_ _0\"></span> circa Euro 0,7 milioni.<span class=\"_ _4ac\"> </span>Per ulteriori dettagli sul Prest<span class=\"_ _0\"></span>ito Obbligazionario 2026 e sul Prestito Obbligazionario 2028 s<span class=\"_ _482\"></span>i<span class=\"_ _4ac\"> </span>r<span class=\"_ _4ac\"> </span>invia alla \u201cParte D <span class=\"ls1 ws1\">- <span class=\"_ _17\"> </span><span class=\"ls31 wsf6\">Altre<span class=\"_ _0\"></span> Inform<span class=\"_ _0\"></span>azioni<span class=\"_ _0\"></span> </span>\u2013 <span class=\"_ _18\"></span><span class=\"ls1c wse8\">Sezi<span class=\"_ _1\"></span>one 3 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _86\"></span><span class=\"ls0 wsfe\">In<span class=\"_ _0\"></span>formazioni sui risch<span class=\"_ _0\"></span>i e sulle relat<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></span></span></span></span>politiche<span class=\"_ _0\"></span> di copertur<span class=\"_ _0\"></span>a <span class=\"ls1 ws1\">- </span><span class=\"ws0\">3.1 Rischi finanziar<span class=\"_ _0\"></span>i\u201d della presente <span class=\"ls11 ws19\">Nota I<span class=\"_ _0\"></span>ntegrativa consolidata.<span class=\"_ _4ac\"> </span></span></span>1.5<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls126 ws4da\">P<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _11\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> <span class=\"ls1 ws1\">\u2013  <span class=\"ls2 ws4db\">D<span class=\"_ _11\"></span>e<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>r </span></span></span></span>co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rte<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w835 h47d\" id=\"_7f04049e-a833-443e-88b5-854c77a71d90\"><tr><td></td><td class=\"c x8f7 y36ef w836 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls241 ws4dc\">Banche<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8f8 y36ef w837 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">Societ\u00e0 f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fa y36ef w838 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4de\">Clien<span class=\"_ _4ac\"> </span></div><div class=\"t m3c x8f9 h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4de\">tela<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1db2 ff2 fs4a fc0 sc0 ls243 ws4df\">Com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osiz<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span>/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fb y36f1 w839 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fc y36f1 w839 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fd y36f1 w83a h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f2 w83b h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">1. Deb<span class=\"_ _0\"></span>iti verso ret<span class=\"_ _0\"></span>i di vend<span class=\"_ _0\"></span>ita<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8fe y36f2 w83c h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">180.002<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ff y36f2 w83d h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">90.<span class=\"_ _0\"></span>181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x900 y36f2 w83e h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.<span class=\"_ _0\"></span>268<span class=\"_ _4ac\"> </span></div></td><td class=\"c x901 y36f2 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x902 y36f2 w840 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">4.<span class=\"_ _0\"></span>281<span class=\"_ _4ac\"> </span></div></td><td class=\"c x903 y36f2 w841 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f3 w842 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.1<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c x904 y36f3 w843 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">176.092<span class=\"_ _4ac\"> </span></div></td><td class=\"c x905 y36f3 w844 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">88.770<span class=\"_ _4ac\"> </span></div></td><td class=\"c x906 y36f3 w845 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.037<span class=\"_ _4ac\"> </span></div></td><td class=\"c x907 y36f3 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x908 y36f3 w845 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">3.889<span class=\"_ _4ac\"> </span></div></td><td class=\"c x909 y36f3 w841 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f4 w846 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.2<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento gestioni individ<span class=\"_ _1\"></span>uali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90a y36f4 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.152<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90b y36f4 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">358<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90c y36f4 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90d y36f4 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90e y36f4 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">391<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90f y36f4 w849 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f5 w84a h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.3<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento fondi p<span class=\"_ _1\"></span>ensione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x910 y36f5 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">2.758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x911 y36f5 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.053<span class=\"_ _4ac\"> </span></div></td><td class=\"c x912 y36f5 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">231<span class=\"_ _4ac\"> </span></div></td><td class=\"c x913 y36f5 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x914 y36f5 w84b h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x915 y36f5 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f6 w84c h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">2. Deb<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>er att<span class=\"_ _0\"></span>ivit\u00e0 di gest<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x916 y36f6 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x917 y36f6 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">252<span class=\"_ _4ac\"> </span></div></td><td class=\"c x918 y36f6 w84d h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.771<span class=\"_ _4ac\"> </span></div></td><td class=\"c x919 y36f6 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91a y36f6 w84e h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.297<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91b y36f6 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f8 w84f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">2.1<span class=\"_ _1\"></span> per gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91c y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91d y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91e y36f8 w845 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">1.302<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91f y36f8 w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x920 y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x921 y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f9 w850 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">2.2<span class=\"_ _1\"></span> per gestioni ricevute in delega<span class=\"_ _4ac\"> </span></div></td><td class=\"c x922 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x923 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">252<span class=\"_ _4ac\"> </span></div></td><td class=\"c x924 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">468<span class=\"_ _4ac\"> </span></div></td><td class=\"c x925 y36f9 w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x926 y36f9 w845 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">1.297<span class=\"_ _4ac\"> </span></div></td><td class=\"c x927 y36f9 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fa w851 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e4\">2.3 per a<span class=\"_ _0\"></span>ltr<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x928 y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x929 y36fa w852 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92a y36fa w853 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92b y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92c y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92d y36fa w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fb w854 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls242 ws4dd\">3. Deb<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>er altri se<span class=\"_ _0\"></span>rvizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92e y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92f y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x930 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x931 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x932 y36fb w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x933 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fc w855 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls242 ws4dd\">4. Altri d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x934 y36fc w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">421<span class=\"_ _4ac\"> </span></div></td><td class=\"c x929 y36fc w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">409<span class=\"_ _4ac\"> </span></div></td><td class=\"c x935 y36fc w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x936 y36fc w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x937 y36fc w856 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">42.056<span class=\"_ _4ac\"> </span></div></td><td class=\"c x938 y36fc w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fd w857 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">4.2<span class=\"_ _1\"></span> debiti per le<span class=\"_ _1\"></span>asing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x939 y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93a y36fd w852 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93b y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93c y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93d y36fd w858 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">22.<span class=\"_ _0\"></span>030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93e y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fe w859 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e4\">4.3 alt<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93f y36fe w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">421<span class=\"_ _4ac\"> </span></div></td><td class=\"c x940 y36fe w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">409<span class=\"_ _4ac\"> </span></div></td><td class=\"c x941 y36fe w841 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x942 y36fe w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x943 y36fe w85a h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">20.026<span class=\"_ _4ac\"> </span></div></td><td class=\"c x944 y36fe w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1dc1 ff2 fs4a fc0 sc0 ls245 ws4e5\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x945 y36ff w85b h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">181.181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x946 y36ff w85c h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">90.843<span class=\"_ _4ac\"> </span></div></td><td class=\"c x947 y36ff w84e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">3.040<span class=\"_ _4ac\"> </span></div></td><td class=\"c x948 y36ff w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x949 y36ff w85d h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">47.634<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94a y36ff w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1dc4 ff2 fs4a fc0 sc0 ls245 ws4e5\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td class=\"c x945 y345e w85b h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">163.545<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94b y345e w85e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls247 ws4e4\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94c y345e w83e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">2.<span class=\"_ _0\"></span>155<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94d y345e w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94e y345e w85d h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">49.843<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94f y345e w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromCustomersExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-658": {
   "value": "Sezione 1 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>assivi<span class=\"_ _0\"></span>t\u00e0 fin<span class=\"_ _0\"></span>anziarie v<span class=\"_ _0\"></span>alutate<span class=\"_ _0\"></span> al cos<span class=\"_ _0\"></span>to ammor<span class=\"_ _0\"></span>tizzato<span class=\"_ _0\"></span> </span>\u2013 </span>Voce 10<span class=\"_ _4ac\"> </span>1.1<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls126 ws194\">P<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _1c\"></span><span class=\"ls2 ws44\">f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>: c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> m<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>lo<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>i<span class=\"_ _4ac\"> </span></span></span></span>de<span class=\"_ _0\"></span>bi<span class=\"_ _1\"></span>ti<table class=\"s w7ec h479\" id=\"_e5704dca-86ca-45da-8edd-f9195cd5b5c6\"><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d67 ff2 fs48 fc0 sc0 ls232 ws4c8\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a0 y36d5 w7ed h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a1 y36d5 w7ee h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d6 w7ef h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">1. De<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i verso re<span class=\"_ _0\"></span>ti d<span class=\"_ _0\"></span>i vend<span class=\"_ _0\"></span>ita:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a2 y36d6 w7f0 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">185.552<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a3 y36d6 w7f1 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">167.<span class=\"_ _0\"></span>258<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d7 w7f2 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento O<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a4 y36d7 w7f3 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">181.018<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a5 y36d7 w7f4 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">163.132<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d8 w7f5 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>2 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento ges<span class=\"_ _0\"></span>tioni in<span class=\"_ _1\"></span>dividuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a6 y36d8 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.543<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a7 y36d8 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.565<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d9 w7f7 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">1.<span class=\"_ _1\"></span>3 p<span class=\"_ _1\"></span>er attivit\u00e0 di colloc<span class=\"_ _0\"></span>amento fondi pen<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a8 y36d9 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.991<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8a9 y36d9 w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.561<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36da w7f8 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">D<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i pe<span class=\"_ _0\"></span>r at<span class=\"_ _0\"></span>tivit\u00e0 d<span class=\"_ _0\"></span>i ges<span class=\"_ _0\"></span>tione:<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ac y36da w7f9 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">3.<span class=\"_ _0\"></span>825<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ad y36da w7f9 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">3.<span class=\"_ _0\"></span>356<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36db w7fa h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">2.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>er gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ae y36db w7fb h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.302<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8af y36db w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">1.292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36dc w7fc h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">2.<span class=\"_ _1\"></span>2 p<span class=\"_ _1\"></span>er gestioni ric<span class=\"_ _0\"></span>evute<span class=\"_ _1\"></span> in dele<span class=\"_ _1\"></span>ga<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b0 y36dc w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.522<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b1 y36dc w7f6 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">2.062<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36dd w7fd h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cd\">2.3 pe<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ro<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b2 y36dd w7fe h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b3 y36dd w7ff h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls1 ws1\">2<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36de w800 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">D<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i pe<span class=\"_ _0\"></span>r alt<span class=\"_ _0\"></span>ri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b4 y36de w801 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b5 y36de w802 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36df w803 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8aa h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m3a x8ab h1dd y36d4 ff2 fs48 fc0 sc0 ls232 ws4ca\">ltri d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>bit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b6 y36df w804 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">42.<span class=\"_ _0\"></span>477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b7 y36df w804 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff2 fs48 fc0 sc0 ls233 ws4c9\">44.<span class=\"_ _0\"></span>929<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e0 w805 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>1 p<span class=\"_ _1\"></span>ronti contro termine<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b8 y36e0 w806 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8b9 y36e0 w806 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e1 w807 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>2 Debiti pe<span class=\"_ _1\"></span>r leasing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ba y36e1 w808 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">22.030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bb y36e1 w809 h43f\"><div class=\"t m3a x1fa h1dd y36d4 ff1 fs48 fc0 sc0 ls235 ws4cc\">26.090<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e2 w80a h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls234 ws4cb\">4.<span class=\"_ _1\"></span>3 Altri deb<span class=\"_ _1\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bc y36e2 w80b h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls235 ws4cc\">20.<span class=\"_ _0\"></span>447<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bd y36e2 w809 h453\"><div class=\"t m3a x1fa h1dd y3693 ff1 fs48 fc0 sc0 ls235 ws4cc\">18.839<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e3 w80c h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls236 ws4ce\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8be y36e3 w80d h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">231.<span class=\"_ _0\"></span>854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8bf y36e3 w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">215.<span class=\"_ _0\"></span>543<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7b ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 1<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7c ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c0 y367c w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">212.<span class=\"_ _0\"></span>066<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c1 y367c w80d h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">196.<span class=\"_ _0\"></span>733<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x622 y36d3 w164 h1dc\"><div class=\"t m3a x24 h1dd y1d7e ff1 fs48 fc0 sc0 ls237 ws4cf\">Fair valu<span class=\"_ _1\"></span>e -<span class=\"_ _d\"></span> livello<span class=\"_ _1c\"></span> 3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c2 y367d w804 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">19.<span class=\"_ _0\"></span>788<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c3 y367d w80e h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">18.<span class=\"_ _0\"></span>810<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w80f h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls238 ws4d0\">Tot<span class=\"_ _0\"></span>ale f<span class=\"_ _0\"></span>air value<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c4 y345e w7f0 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">231.854<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8c5 y345e w7f1 h453\"><div class=\"t m3a x1fa h1dd y3693 ff2 fs48 fc0 sc0 ls233 ws4c9\">215.<span class=\"_ _0\"></span>543<span class=\"_ _4ac\"> </span></div></td></tr></table>I valori indicati nella sottovoce \u201c1. Debiti verso reti di vendita\u201d sono riconducibili qu<span class=\"_ _0\"></span>asi<span class=\"_ _4ac\"> </span>interamente alle commissioni da riconoscere ai distribut<span class=\"_ _0\"></span>ori dei prodotti istituiti e gestiti dal<span class=\"_ _4ac\"> </span>Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima<span class=\"_ _1\"></span>; tali<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>mmiss<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> verr<span class=\"_ _1\"></span>anno<span class=\"_ _1\"></span> pag<span class=\"_ _1\"></span>ate q<span class=\"_ _1\"></span>uasi i<span class=\"_ _1c\"></span>nteram<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> n<span class=\"ls31 ws154\">el corso del<span class=\"_ _0\"></span> primo<span class=\"_ _4ac\"> </span></span>tr<span class=\"_ _0\"></span>imestr<span class=\"_ _0\"></span>e del 2026<span class=\"_ _0\"></span>. L\u2019au<span class=\"_ _0\"></span>mento,<span class=\"_ _0\"></span> rispet<span class=\"_ _0\"></span>to a<span class=\"_ _0\"></span>l 31 dicem<span class=\"_ _0\"></span>bre 202<span class=\"_ _0\"></span>4, \u00e8 pr<span class=\"_ _0\"></span>incipa<span class=\"_ _0\"></span>lmente<span class=\"_ _0\"></span> dovuto<span class=\"_ _0\"></span> a<span class=\"_ _4ac\"> </span>magg<span class=\"_ _1\"></span>iori d<span class=\"_ _1\"></span>ebiti<span class=\"_ _1\"></span> per c<span class=\"_ _1\"></span>ommi<span class=\"_ _1\"></span>ssioni<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>manteni<span class=\"_ _1c\"></span>mento <span class=\"_ _1\"></span>e di c<span class=\"_ _1\"></span>olloca<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>o.<span class=\"_ _0\"></span> Nella sotto<span class=\"_ _0\"></span>voce \u201c2. Debiti per attivit\u00e0 di gestione<span class=\"_ _0\"></span>\u201d, sono evidenziati i debiti riconducibili<span class=\"_ _4ac\"> </span>principalmente<span class=\"_ _0\"></span> (i) alle commissioni da riconoscere ai distribut<span class=\"_ _0\"></span>ori delle Sicav promosse e/o<span class=\"_ _4ac\"> </span>gestite<span class=\"_ _0\"></span> dal Gruppo Anima per circa 2,5 milioni e (ii) alle co<span class=\"_ _0\"></span>mmissioni<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>per l\u2019attivit<span class=\"_ _0\"></span>\u00e0 di gestioni di<span class=\"_ _4ac\"> </span>patri<span class=\"_ _1c\"></span>moni a fav<span class=\"_ _1c\"></span>ore di e<span class=\"_ _1c\"></span>nt<span class=\"_ _0\"></span>i fi<span class=\"_ _1c\"></span>nanziari<span class=\"_ _1\"></span> svol<span class=\"_ _1c\"></span>te da Ka<span class=\"_ _1\"></span>iros SG<span class=\"_ _1c\"></span>R per ci<span class=\"_ _1\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,<span class=\"_ _1\"></span>3 mili<span class=\"_ _1\"></span>oni.<span class=\"_ _4ac\"> </span>La sottovoce \u201c4. Altri debiti <span class=\"ls1 ws1\">\u2013<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span><span class=\"ls0 wsf3\">4.2 Debiti per leasing\u201d \u00e8 costituit<span class=\"_ _0\"></span>a dal debito residuo, al 31<span class=\"_ _4ac\"> </span></span></span>dicembre 2025,<span class=\"_ _0\"></span> in relazione ai dir<span class=\"_ _0\"></span>itti d\u2019uso is<span class=\"_ _0\"></span>critti in all\u2019a<span class=\"_ _0\"></span>pplicazione del prin<span class=\"_ _0\"></span>cipio contabile<span class=\"_ _0\"></span> IFRS<span class=\"_ _4ac\"> </span>16.<span class=\"_ _47d\"></span>I<span class=\"_ _4ac\"> </span>l decremento nella voce<span class=\"_ _0\"></span> \u00e8 principalmente ricon<span class=\"_ _0\"></span>ducibil<span class=\"ls35 wsd2\">e ai pagam<span class=\"_ _0\"></span>enti, p<span class=\"_ _0\"></span>revalenteme<span class=\"_ _0\"></span>nte<span class=\"_ _4ac\"> </span></span>correlat<span class=\"_ _0\"></span>i alle locazioni degli immobili e al noleggio di auto, effettuati nell\u2019es<span class=\"_ _0\"></span>ercizio. Per maggior<span class=\"_ _47e\"></span>i<span class=\"_ _4ac\"> </span>in<span class=\"_ _4ac\"> </span>formazioni si rimanda alla \u201cParte<span class=\"_ _0\"></span> D <span class=\"ls1 ws1\">\u2013<span class=\"ls31 ws84\">Altre Inform<span class=\"_ _0\"></span>azioni </span>\u2013 <span class=\"_ _0\"></span><span class=\"ls1d wsff\">Sezi<span class=\"_ _0\"></span>one 7 </span>\u2013 <span class=\"_ _0\"></span><span class=\"ls11 wscf\">Informativa sul leasing</span></span><span class=\"_ _47f\"></span>\u201d<span class=\"_ _4ac\"> </span>d<span class=\"_ _4ac\"> </span>ella pr<span class=\"_ _0\"></span>esente<span class=\"_ _0\"></span> Nota inte<span class=\"ls0 ws0\">grativa conso<span class=\"_ _0\"></span>lidata.<span class=\"_ _4ac\"> </span></span>La so<span class=\"_ _1\"></span>ttov<span class=\"_ _1\"></span>oce \u201c4. A<span class=\"_ _1\"></span>ltri<span class=\"_ _1\"></span> debi<span class=\"_ _1\"></span>ti <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"ls11 ws11d\">4.3 altri\u201d c<span class=\"_ _0\"></span>omprende (i) la passivit\u00e0 finanziaria, pari a c<span class=\"_ _0\"></span>irca Euro<span class=\"_ _4ac\"> </span></span></span>15,2 milioni,<span class=\"_ _0\"></span> rilevata a segu<span class=\"_ _0\"></span>ito dell\u2019acquis<span class=\"_ _0\"></span>izione di Castello SGR<span class=\"_ _0\"></span> e riferibile all\u2019ammontare<span class=\"_ _0\"></span> atteso,<span class=\"_ _4ac\"> </span>oppor<span class=\"_ _1\"></span>tunam<span class=\"_ _1\"></span>ente at<span class=\"_ _1\"></span>tual<span class=\"_ _1\"></span>izzato<span class=\"_ _1\"></span>, che la S<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1c\"></span> prevede d<span class=\"_ _1\"></span>i corri<span class=\"_ _1\"></span>spon<span class=\"_ _1\"></span>dere a OCM<span class=\"_ _1\"></span> OPPS X<span class=\"_ _1\"></span>b Investements<span class=\"_ _0\"></span> (Castello) S.a.r.l.  a segu<span class=\"_ _0\"></span>ito dell\u2019esercizio<span class=\"_ _0\"></span> dell\u2019opzione put per gli e<span class=\"_ _0\"></span>ffetti dell\u2019Accordo di put e call per l\u2019acquisto de<span class=\"_ _0\"></span>l 20% di Castello SGR e (ii) la passi<span class=\"ls11 ws58\">vit\u00e0 finanziaria, pari a circa Euro </span>4,6 milion<span class=\"_ _0\"></span>i, rilevata a seguito<span class=\"_ _0\"></span> della sottoscr<span class=\"_ _0\"></span>izione da parte di Cas<span class=\"_ _0\"></span>tello SGR de<span class=\"_ _0\"></span>l patto parasociale con Ha<span class=\"_ _1\"></span>lld<span class=\"_ _1\"></span>is S.p<span class=\"_ _1\"></span>.a. e <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eribi<span class=\"_ _1\"></span>le all<span class=\"_ _1\"></span>\u2019amm<span class=\"_ _1\"></span>onta<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span> attes<span class=\"_ _1\"></span>o, opp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>uname<span class=\"_ _1c\"></span>nte att<span class=\"_ _1\"></span>ualiz<span class=\"_ _1\"></span>zato<span class=\"_ _1\"></span>, che l<span class=\"_ _1c\"></span>a<span class=\"_ _0\"></span> contro<span class=\"_ _0\"></span>llat<span class=\"_ _0\"></span>a Caste<span class=\"_ _0\"></span>llo SGR<span class=\"_ _0\"></span> prev<span class=\"_ _0\"></span>e<span class=\"ls0 wsc1\">de di corrispondere a Halldis S.p.a., a seguito dell\u2019esercizio </span>dell\u2019opzione<span class=\"_ _0\"></span> put riferita al 21% del capita<span class=\"_ _0\"></span>le di Vita Srl, disciplin<span class=\"_ _0\"></span>ata nell\u2019ambito del sopracit<span class=\"_ _0\"></span>ato patto parasociale.<span class=\"ls1 ws1\"> </span>1.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls2 ws4d1\">C<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _11\"></span> \u201cP<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it\u00e0 f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _11\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>\u201d: \u201c<span class=\"_ _0\"></span>T<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i in<span class=\"_ _13\"></span> </span></span>c<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>laz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w810 h47a\" id=\"_2b5a3719-4add-4b64-a6d3-d4db5911a1ee\"><tr><td></td><td></td><td class=\"c x8c7 y36e4 w166 h1e2\"><div class=\"t m3b xae h1e1 y1da5 ff2 fs49 fc0 sc0 ls23c ws4d5\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x8c8 y36e4 w167 h1e2\"><div class=\"t m3b xae h1e1 y1da5 ff2 fs49 fc0 sc0 ls23c ws4d5\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x8c9 y36e5 w168 h1e3\"><div class=\"t m3b xfc h1e1 y1da7 ff1 fs49 fc0 sc0 ls23f ws4d9\">Fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c x8ca y36e5 w169 h1e3\"><div class=\"t m3b x8c h1e1 y1da8 ff1 fs49 fc0 sc0 ls23f ws4d9\">Fair value<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y36e7 w811 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d2\">Tit<span class=\"_ _0\"></span>oli<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cb y36e7 w812 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23a ws4d3\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cc y36e7 w813 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cd y36e7 w814 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ce y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8cf y36e7 w812 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23a ws4d3\">VB<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d0 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d1 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L2<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d2 y36e7 w815 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23b ws4d4\">L3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36e8 w816 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m3b x8d3 h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">T<span class=\"_ _4ac\"> </span></div><div class=\"t m3b x8d4 h1e1 y36e6 ff2 fs49 fc0 sc0 ls239 ws4d3\">itoli<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d5 y36e8 w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d6 y36e8 w818 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">577.<span class=\"_ _0\"></span>595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8d7 y36e8 w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">585.<span class=\"_ _0\"></span>214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d8 y36e8 w819 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">564.<span class=\"_ _0\"></span>037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y36e9 w81a h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23d ws4d7\">- ob<span class=\"_ _1\"></span>bligazioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8d9 y36e9 w81b h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8da y36e9 w81c h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">577.595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8db y36e9 w81d h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">585.214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8dc y36e9 w81e h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff1 fs49 fc0 sc0 ls23e ws4d8\">564.037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x8dd y36ea w165 h1e0\"><div class=\"t m3b x69 h1e1 y1da2 ff1 fs49 fc0 sc0 ls23d ws4d7\">- altri titoli<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w81f h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23b ws4d4\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8de y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8df y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">577.<span class=\"_ _0\"></span>595<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x8e0 y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">585.<span class=\"_ _0\"></span>214<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e1 y345e w817 h47b\"><div class=\"t m3b x1fa h1e1 y36e6 ff2 fs49 fc0 sc0 ls23c ws4d5\">564.<span class=\"_ _0\"></span>037<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr></table>Legenda:<span class=\"ff1\"> <span class=\"ws19c\">VB= Valore di b<span class=\"_ _0\"></span>ilancio; L1= Livello 1; L2<span class=\"_ _0\"></span>= Livello 2; L3= Livello 3.</span> </span>La voce \u201cTitoli <span class=\"ls1 ws1\">\u2013 </span>obbligazio<span class=\"_ _0\"></span>ni\u201d \u00e8 costituita da titoli obbligazion<span class=\"_ _0\"></span>ari emessi dalla Societ\u00e0 in data<span class=\"_ _0\"></span> 23<span class=\"_ _1\"></span> ottob<span class=\"_ _1\"></span>re 201<span class=\"_ _1\"></span>9 (\u201cPres<span class=\"_ _1\"></span>tito Ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 2026\u201d<span class=\"_ _1\"></span>) e in da<span class=\"_ _1c\"></span>ta 22 aprile 20<span class=\"_ _1\"></span>21 (\u201c<span class=\"_ _1\"></span>Presti<span class=\"_ _1\"></span>to Obbligazionario<span class=\"_ _0\"></span> 2028\u201d). <span class=\"ls1 ws1\"> </span>Il Pre<span class=\"_ _1\"></span>stito <span class=\"_ _1\"></span>Obbl<span class=\"_ _1\"></span>igaz<span class=\"_ _1\"></span>ionar<span class=\"_ _1\"></span>io 202<span class=\"_ _1\"></span>6 \u00e8 esp<span class=\"_ _1c\"></span>osto nel<span class=\"_ _1\"></span> Bila<span class=\"_ _1\"></span>ncio a<span class=\"_ _1\"></span>l cost<span class=\"_ _1\"></span>o am<span class=\"_ _1\"></span>mortiz<span class=\"_ _1\"></span>zato p<span class=\"_ _1\"></span>er un a<span class=\"_ _1c\"></span>mmontar<span class=\"_ _1\"></span>e pari<span class=\"_ _1\"></span> a circa E<span class=\"_ _1c\"></span>uro 284<span class=\"_ _1\"></span>,5 mil<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span>. Tale va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e \u00e8 rap<span class=\"_ _1\"></span>pres<span class=\"_ _1\"></span>enta<span class=\"_ _1\"></span>to (i) d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>\u2019import<span class=\"_ _1c\"></span>o incass<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r l\u2019e<span class=\"_ _1\"></span>missio<span class=\"_ _1c\"></span>ne (al ne<span class=\"_ _1\"></span>tto de<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span> parte <span class=\"_ _1\"></span>riacq<span class=\"_ _1\"></span>uista<span class=\"_ _1c\"></span>ta in d<span class=\"_ _1\"></span>ata 10 g<span class=\"_ _1c\"></span>iugno 2<span class=\"_ _1\"></span>020<span class=\"ls0 ws82\">) per circa Euro 282,4<span class=\"_ _0\"></span> milioni, </span>(ii) m<span class=\"_ _4ac\"> </span>aggiorato degli interessi pas<span class=\"_ _0\"></span>sivi maturati dalla data dell\u2019ult<span class=\"_ _0\"></span>imo stacco cedola al 31<span class=\"_ _4ac\"> </span>dicembre 2025<span class=\"_ _0\"></span> e determinati con il meto<span class=\"_ _0\"></span>do del costo ammortiz<span class=\"_ _0\"></span>zato (sulla base de<span class=\"_ _0\"></span>l tasso d<span class=\"_ _480\"></span>i<span class=\"_ _4ac\"> </span>inter<span class=\"_ _1\"></span>esse effe<span class=\"_ _1\"></span>ttivo)<span class=\"_ _1\"></span> per circa Eu<span class=\"_ _1\"></span>ro 2,3 mi<span class=\"ls0 ws74\">lioni e (iii) diminuito dei cost<span class=\"_ _0\"></span>i di transazione correlati<span class=\"_ _4ac\"> </span></span>all\u2019em<span class=\"_ _0\"></span>issione obbligazionaria che sono<span class=\"_ _0\"></span> stati capitalizzat<span class=\"_ _0\"></span>i e sono espost<span class=\"_ _0\"></span>i al valore residuo<span class=\"_ _0\"></span> per<span class=\"_ _4ac\"> </span>circa <span class=\"_ _0\"></span>Euro 0,2 m<span class=\"_ _0\"></span>ilioni.<span class=\"_ _4ac\"> </span>Con riferimento al Prestito<span class=\"_ _0\"></span> Obbligazionario 2028, \u00e8 esposto nel Bilancio al costo ammortizz<span class=\"_ _0\"></span>ato,<span class=\"_ _4ac\"> </span>per un ammontare pari a circa Euro 301,8 milioni. Tale valore \u00e8<span class=\"_ _0\"></span> rappresentato (i) dall\u2019importo<span class=\"_ _4ac\"> </span>incass<span class=\"_ _0\"></span>ato a s<span class=\"_ _1\"></span>eguito de<span class=\"_ _0\"></span>ll\u2019emissione per circa Euro 298,2 milioni, (ii) maggiorato degli interes<span class=\"_ _0\"></span>si<span class=\"_ _4ac\"> </span>passivi matur<span class=\"_ _0\"></span>ati  dall\u2019ultimo stacco cedola al 31 dicembre 2025 e determinati con il metodo de<span class=\"_ _481\"></span>l<span class=\"_ _4ac\"> </span>costo ammortizzato<span class=\"_ _0\"></span> (sulla base del tasso di intere<span class=\"_ _0\"></span>sse effettivo) per circ<span class=\"_ _0\"></span>a Euro 4,3 milioni e (iii)<span class=\"_ _4ac\"> </span>diminuito dei costi di trans<span class=\"ws189\">azione c<span class=\"_ _0\"></span>orrelati all\u2019<span class=\"_ _0\"></span>emissione obbligazion<span class=\"_ _0\"></span>aria che sono st<span class=\"_ _0\"></span>ati<span class=\"_ _4ac\"> </span></span>capitalizzat<span class=\"_ _0\"></span>i e sono esposti al valore residuo per<span class=\"_ _0\"></span> circa Euro 0,7 milioni.<span class=\"_ _4ac\"> </span>Per ulteriori dettagli sul Prest<span class=\"_ _0\"></span>ito Obbligazionario 2026 e sul Prestito Obbligazionario 2028 s<span class=\"_ _482\"></span>i<span class=\"_ _4ac\"> </span>r<span class=\"_ _4ac\"> </span>invia alla \u201cParte D <span class=\"ls1 ws1\">- <span class=\"_ _17\"> </span><span class=\"ls31 wsf6\">Altre<span class=\"_ _0\"></span> Inform<span class=\"_ _0\"></span>azioni<span class=\"_ _0\"></span> </span>\u2013 <span class=\"_ _18\"></span><span class=\"ls1c wse8\">Sezi<span class=\"_ _1\"></span>one 3 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _86\"></span><span class=\"ls0 wsfe\">In<span class=\"_ _0\"></span>formazioni sui risch<span class=\"_ _0\"></span>i e sulle relat<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></span></span></span></span>politiche<span class=\"_ _0\"></span> di copertur<span class=\"_ _0\"></span>a <span class=\"ls1 ws1\">- </span><span class=\"ws0\">3.1 Rischi finanziar<span class=\"_ _0\"></span>i\u201d della presente <span class=\"ls11 ws19\">Nota I<span class=\"_ _0\"></span>ntegrativa consolidata.<span class=\"_ _4ac\"> </span></span></span><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls230 ws4c6 gs78c\">1.5<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls126 ws4da\">P<span class=\"_ _13\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _11\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al c<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> am<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>rt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> <span class=\"ls1 ws1\">\u2013  <span class=\"ls2 ws4db\">D<span class=\"_ _11\"></span>e<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>r </span></span></span></span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls240 ws103 gs78d\">co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rte<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs78e\"><table class=\"s w835 h47d\" id=\"_7f04049e-a833-443e-88b5-854c77a71d90\"><tr><td></td><td class=\"c x8f7 y36ef w836 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls241 ws4dc\">Banche<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8f8 y36ef w837 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">Societ\u00e0 f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fa y36ef w838 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4de\">Clien<span class=\"_ _4ac\"> </span></div><div class=\"t m3c x8f9 h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4de\">tela<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1db2 ff2 fs4a fc0 sc0 ls243 ws4df\">Com<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>osiz<span class=\"_ _0\"></span>ione<span class=\"_ _0\"></span>/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fb y36f1 w839 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fc y36f1 w839 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x8fd y36f1 w83a h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls244 ws4e0\">di c<span class=\"_ _1\"></span>ui: de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f2 w83b h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">1. Deb<span class=\"_ _0\"></span>iti verso ret<span class=\"_ _0\"></span>i di vend<span class=\"_ _0\"></span>ita<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8fe y36f2 w83c h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">180.002<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ff y36f2 w83d h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">90.<span class=\"_ _0\"></span>181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x900 y36f2 w83e h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.<span class=\"_ _0\"></span>268<span class=\"_ _4ac\"> </span></div></td><td class=\"c x901 y36f2 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x902 y36f2 w840 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">4.<span class=\"_ _0\"></span>281<span class=\"_ _4ac\"> </span></div></td><td class=\"c x903 y36f2 w841 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f3 w842 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.1<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c x904 y36f3 w843 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">176.092<span class=\"_ _4ac\"> </span></div></td><td class=\"c x905 y36f3 w844 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">88.770<span class=\"_ _4ac\"> </span></div></td><td class=\"c x906 y36f3 w845 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.037<span class=\"_ _4ac\"> </span></div></td><td class=\"c x907 y36f3 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x908 y36f3 w845 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">3.889<span class=\"_ _4ac\"> </span></div></td><td class=\"c x909 y36f3 w841 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f4 w846 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.2<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento gestioni individ<span class=\"_ _1\"></span>uali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90a y36f4 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.152<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90b y36f4 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">358<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90c y36f4 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90d y36f4 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90e y36f4 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">391<span class=\"_ _4ac\"> </span></div></td><td class=\"c x90f y36f4 w849 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f5 w84a h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls246 ws4e2\">1.3<span class=\"_ _1\"></span> per attivit\u00e0 di collocam<span class=\"_ _0\"></span>ento fondi p<span class=\"_ _1\"></span>ensione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x910 y36f5 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">2.758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x911 y36f5 w847 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">1.053<span class=\"_ _4ac\"> </span></div></td><td class=\"c x912 y36f5 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls247 ws4e3\">231<span class=\"_ _4ac\"> </span></div></td><td class=\"c x913 y36f5 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x914 y36f5 w84b h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x915 y36f5 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f6 w84c h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls242 ws4dd\">2. Deb<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>er att<span class=\"_ _0\"></span>ivit\u00e0 di gest<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x916 y36f6 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x917 y36f6 w848 h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">252<span class=\"_ _4ac\"> </span></div></td><td class=\"c x918 y36f6 w84d h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.771<span class=\"_ _4ac\"> </span></div></td><td class=\"c x919 y36f6 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91a y36f6 w84e h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls245 ws4e1\">1.297<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91b y36f6 w83f h47e\"><div class=\"t m3c x1fa h1e6 y36ee ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f8 w84f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">2.1<span class=\"_ _1\"></span> per gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91c y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91d y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91e y36f8 w845 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">1.302<span class=\"_ _4ac\"> </span></div></td><td class=\"c x91f y36f8 w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x920 y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x921 y36f8 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36f9 w850 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">2.2<span class=\"_ _1\"></span> per gestioni ricevute in delega<span class=\"_ _4ac\"> </span></div></td><td class=\"c x922 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">758<span class=\"_ _4ac\"> </span></div></td><td class=\"c x923 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">252<span class=\"_ _4ac\"> </span></div></td><td class=\"c x924 y36f9 w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">468<span class=\"_ _4ac\"> </span></div></td><td class=\"c x925 y36f9 w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x926 y36f9 w845 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">1.297<span class=\"_ _4ac\"> </span></div></td><td class=\"c x927 y36f9 w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fa w851 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e4\">2.3 per a<span class=\"_ _0\"></span>ltr<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x928 y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x929 y36fa w852 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92a y36fa w853 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">1<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92b y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92c y36fa w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92d y36fa w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fb w854 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls242 ws4dd\">3. Deb<span class=\"_ _0\"></span>iti p<span class=\"_ _0\"></span>er altri se<span class=\"_ _0\"></span>rvizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92e y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x92f y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x930 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x931 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x932 y36fb w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x933 y36fb w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fc w855 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls242 ws4dd\">4. Altri d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x934 y36fc w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">421<span class=\"_ _4ac\"> </span></div></td><td class=\"c x929 y36fc w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">409<span class=\"_ _4ac\"> </span></div></td><td class=\"c x935 y36fc w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x936 y36fc w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x937 y36fc w856 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e1\">42.056<span class=\"_ _4ac\"> </span></div></td><td class=\"c x938 y36fc w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fd w857 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls246 ws4e2\">4.2<span class=\"_ _1\"></span> debiti per le<span class=\"_ _1\"></span>asing<span class=\"_ _4ac\"> </span></div></td><td class=\"c x939 y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93a y36fd w852 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93b y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93c y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93d y36fd w858 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">22.<span class=\"_ _0\"></span>030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93e y36fd w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36fe w859 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e4\">4.3 alt<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x93f y36fe w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">421<span class=\"_ _4ac\"> </span></div></td><td class=\"c x940 y36fe w848 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">409<span class=\"_ _4ac\"> </span></div></td><td class=\"c x941 y36fe w841 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x942 y36fe w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x943 y36fe w85a h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls247 ws4e3\">20.026<span class=\"_ _4ac\"> </span></div></td><td class=\"c x944 y36fe w849 h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff1 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1dc1 ff2 fs4a fc0 sc0 ls245 ws4e5\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x945 y36ff w85b h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">181.181<span class=\"_ _4ac\"> </span></div></td><td class=\"c x946 y36ff w85c h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">90.843<span class=\"_ _4ac\"> </span></div></td><td class=\"c x947 y36ff w84e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">3.040<span class=\"_ _4ac\"> </span></div></td><td class=\"c x948 y36ff w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x949 y36ff w85d h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">47.634<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94a y36ff w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y36f0 w16a h1e5\"><div class=\"t m3c x3c h1e6 y1dc4 ff2 fs4a fc0 sc0 ls245 ws4e5\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td class=\"c x945 y345e w85b h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">163.545<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94b y345e w85e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls247 ws4e4\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94c y345e w83e h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">2.<span class=\"_ _0\"></span>155<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94d y345e w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94e y345e w85d h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls245 ws4e5\">49.843<span class=\"_ _4ac\"> </span></div></td><td class=\"c x94f y345e w83f h438\"><div class=\"t m3c x1fa h1e6 y36f7 ff2 fs4a fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromBanksExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-676": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs790\">Sezione 8 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Al<span class=\"_ _0\"></span>tre pass<span class=\"_ _0\"></span>ivit\u00e0 </span>\u2013 </span>Vo<span class=\"_ _0\"></span>ce 80<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs791\">8<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _13\"></span> \u201c<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it\u00e0\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs792\"><table class=\"s w820 h47c\" id=\"_a3a0aa5b-29e9-42fa-a2e3-f2789c1c4aca\"><tr><td class=\"c x212 y36eb w821 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls248 ws4e6\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e3 y36eb w822 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e4 y36eb w823 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y369d w824 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti verso f<span class=\"_ _0\"></span>ornitori p<span class=\"_ _1\"></span>er fatture e<span class=\"_ _1\"></span> fatture da ricevere<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e5 y369d w825 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">19.868<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e6 y369d w826 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">16.<span class=\"_ _0\"></span>260<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36ec w827 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti verso il personale ed e<span class=\"_ _1\"></span>nti previd<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e7 y36ec w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">24.456<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e8 y36ec w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">18.894<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a0 w828 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Riten<span class=\"_ _1\"></span>ute e<span class=\"_ _1\"></span> im<span class=\"_ _0\"></span>poste s<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>titutive d<span class=\"_ _1\"></span>a versare (Redd<span class=\"_ _1\"></span>iti O<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>R/F<span class=\"_ _1\"></span>P/GP)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e9 y36a0 w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">58.603<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ea y36a0 w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">29.124<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a1 w829 h44f\"><div class=\"t m3d x1fa h1ea y36ae ff16 fs4b fc0 sc0 ls24a ws4eb\">Altre pass<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ gs793\"> </span> verso l'<span class=\"_ _1\"></span>Erario (Irpef, I<span class=\"_ _0\"></span>va, altro)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8eb y36a1 w82a h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">3.307<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ec y36a1 w82a h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">3.311<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a2 w82b h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti per imposta di bollo Virtuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ed y36a2 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">1.861<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ee y36a2 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">2.214<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a3 w82d h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24c ws4ec\">D<span class=\"_ _0\"></span>ebiti v<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>o ex s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> per partit<span class=\"_ _0\"></span>e pregres<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ef y36a3 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">8.835<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f0 y36a3 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">8.835<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36ed w82e h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Rate<span class=\"_ _1\"></span>i e risc<span class=\"_ _0\"></span>onti pass<span class=\"_ _0\"></span>ivi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f1 y36ed w82f h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">229<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f2 y36ed w830 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">171<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fc w831 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti diversi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f3 y35fc w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">4.521<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f4 y35fc w82a h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">2.303<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w832 h441\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls24d ws4ed\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f5 y345e w833 h441\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">121.<span class=\"_ _0\"></span>678<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f6 y345e w834 h441\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">81.<span class=\"_ _13\"></span>112<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs794\">Nella voce \u201cAltr<span class=\"_ _0\"></span>e passivit\u00e0\u201d sono, tra l\u2019altro<span class=\"_ _0\"></span>, ricompresi: (i) i debiti ver<span class=\"_ _0\"></span>so fornitori, (ii) i debiti verso </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs795\">gli Enti pr<span class=\"_ _0\"></span>evidenziali ed il pers<span class=\"_ _0\"></span>onale dipendente, (iii) i de<span class=\"_ _0\"></span>biti per r<span class=\"_ _0\"></span>itenute e imposte sostitu<span class=\"_ _0\"></span>tive </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gs796\">da versare all\u2019er<span class=\"_ _0\"></span>ario principalmente per conto de<span class=\"_ _0\"></span>i prodotti gestiti, (iv) i debiti deriv<span class=\"_ _0\"></span>anti da </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs797\">rapporti di c<span class=\"_ _0\"></span>onsolidato fiscale<span class=\"_ _0\"></span> pregressi e<span class=\"_ _0\"></span> dagli accordi sotto<span class=\"_ _0\"></span>scritti dalla Soc<span class=\"_ _0\"></span>iet\u00e0 nel dicembre </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs55e\">del 2010 con ex soci,<span class=\"_ _0\"></span> (v) i ratei e i risconti passivi e altr<span class=\"_ _0\"></span>i debiti diversi.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-697": {
   "value": "Sezione 8 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Al<span class=\"_ _0\"></span>tre pass<span class=\"_ _0\"></span>ivit\u00e0 </span>\u2013 </span>Vo<span class=\"_ _0\"></span>ce 80<span class=\"ls1 ws1\"> </span>8<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _13\"></span> \u201c<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it\u00e0\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w820 h47c\" id=\"_a3a0aa5b-29e9-42fa-a2e3-f2789c1c4aca\"><tr><td class=\"c x212 y36eb w821 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls248 ws4e6\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e3 y36eb w822 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e4 y36eb w823 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y369d w824 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti verso f<span class=\"_ _0\"></span>ornitori p<span class=\"_ _1\"></span>er fatture e<span class=\"_ _1\"></span> fatture da ricevere<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e5 y369d w825 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">19.868<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e6 y369d w826 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">16.<span class=\"_ _0\"></span>260<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36ec w827 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti verso il personale ed e<span class=\"_ _1\"></span>nti previd<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e7 y36ec w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">24.456<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e8 y36ec w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">18.894<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a0 w828 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Riten<span class=\"_ _1\"></span>ute e<span class=\"_ _1\"></span> im<span class=\"_ _0\"></span>poste s<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>titutive d<span class=\"_ _1\"></span>a versare (Redd<span class=\"_ _1\"></span>iti O<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>R/F<span class=\"_ _1\"></span>P/GP)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e9 y36a0 w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">58.603<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ea y36a0 w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">29.124<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a1 w829 h44f\"><div class=\"t m3d x1fa h1ea y36ae ff16 fs4b fc0 sc0 ls24a ws4eb\">Altre pass<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ gs793\"> </span> verso l'<span class=\"_ _1\"></span>Erario (Irpef, I<span class=\"_ _0\"></span>va, altro)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8eb y36a1 w82a h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">3.307<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ec y36a1 w82a h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">3.311<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a2 w82b h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti per imposta di bollo Virtuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ed y36a2 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">1.861<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ee y36a2 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">2.214<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a3 w82d h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24c ws4ec\">D<span class=\"_ _0\"></span>ebiti v<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>o ex s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> per partit<span class=\"_ _0\"></span>e pregres<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ef y36a3 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">8.835<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f0 y36a3 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">8.835<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36ed w82e h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Rate<span class=\"_ _1\"></span>i e risc<span class=\"_ _0\"></span>onti pass<span class=\"_ _0\"></span>ivi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f1 y36ed w82f h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">229<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f2 y36ed w830 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">171<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fc w831 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti diversi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f3 y35fc w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">4.521<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f4 y35fc w82a h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">2.303<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w832 h441\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls24d ws4ed\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f5 y345e w833 h441\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">121.<span class=\"_ _0\"></span>678<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f6 y345e w834 h441\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">81.<span class=\"_ _13\"></span>112<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella voce \u201cAltr<span class=\"_ _0\"></span>e passivit\u00e0\u201d sono, tra l\u2019altro<span class=\"_ _0\"></span>, ricompresi: (i) i debiti ver<span class=\"_ _0\"></span>so fornitori, (ii) i debiti verso gli Enti pr<span class=\"_ _0\"></span>evidenziali ed il pers<span class=\"_ _0\"></span>onale dipendente, (iii) i de<span class=\"_ _0\"></span>biti per r<span class=\"_ _0\"></span>itenute e imposte sostitu<span class=\"_ _0\"></span>tive da versare all\u2019er<span class=\"_ _0\"></span>ario principalmente per conto de<span class=\"_ _0\"></span>i prodotti gestiti, (iv) i debiti deriv<span class=\"_ _0\"></span>anti da rapporti di c<span class=\"_ _0\"></span>onsolidato fiscale<span class=\"_ _0\"></span> pregressi e<span class=\"_ _0\"></span> dagli accordi sotto<span class=\"_ _0\"></span>scritti dalla Soc<span class=\"_ _0\"></span>iet\u00e0 nel dicembre del 2010 con ex soci,<span class=\"_ _0\"></span> (v) i ratei e i risconti passivi e altr<span class=\"_ _0\"></span>i debiti diversi.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-31": {
   "value": "Sezione 8 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Al<span class=\"_ _0\"></span>tre pass<span class=\"_ _0\"></span>ivit\u00e0 </span>\u2013 </span>Vo<span class=\"_ _0\"></span>ce 80<span class=\"ls1 ws1\"> </span>8<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _13\"></span> \u201c<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it\u00e0\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w820 h47c\" id=\"_a3a0aa5b-29e9-42fa-a2e3-f2789c1c4aca\"><tr><td class=\"c x212 y36eb w821 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls248 ws4e6\">De<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>aglio/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e3 y36eb w822 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e4 y36eb w823 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y369d w824 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti verso f<span class=\"_ _0\"></span>ornitori p<span class=\"_ _1\"></span>er fatture e<span class=\"_ _1\"></span> fatture da ricevere<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e5 y369d w825 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">19.868<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e6 y369d w826 h43f\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">16.<span class=\"_ _0\"></span>260<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36ec w827 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti verso il personale ed e<span class=\"_ _1\"></span>nti previd<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e7 y36ec w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">24.456<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e8 y36ec w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">18.894<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a0 w828 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Riten<span class=\"_ _1\"></span>ute e<span class=\"_ _1\"></span> im<span class=\"_ _0\"></span>poste s<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>titutive d<span class=\"_ _1\"></span>a versare (Redd<span class=\"_ _1\"></span>iti O<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>R/F<span class=\"_ _1\"></span>P/GP)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8e9 y36a0 w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">58.603<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ea y36a0 w825 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">29.124<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a1 w829 h44f\"><div class=\"t m3d x1fa h1ea y36ae ff16 fs4b fc0 sc0 ls24a ws4eb\">Altre pass<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ gs793\"> </span> verso l'<span class=\"_ _1\"></span>Erario (Irpef, I<span class=\"_ _0\"></span>va, altro)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8eb y36a1 w82a h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">3.307<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ec y36a1 w82a h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">3.311<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a2 w82b h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti per imposta di bollo Virtuale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ed y36a2 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">1.861<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ee y36a2 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">2.214<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36a3 w82d h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24c ws4ec\">D<span class=\"_ _0\"></span>ebiti v<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>o ex s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> per partit<span class=\"_ _0\"></span>e pregres<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8ef y36a3 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">8.835<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f0 y36a3 w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">8.835<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36ed w82e h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Rate<span class=\"_ _1\"></span>i e risc<span class=\"_ _0\"></span>onti pass<span class=\"_ _0\"></span>ivi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f1 y36ed w82f h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">229<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f2 y36ed w830 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">171<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35fc w831 h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24a ws4e8\">Debiti diversi<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f3 y35fc w82c h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">4.521<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f4 y35fc w82a h441\"><div class=\"t m3d x1fa h1ea y36ae ff1 fs4b fc0 sc0 ls24b ws4e9\">2.303<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w832 h441\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls24d ws4ed\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f5 y345e w833 h441\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">121.<span class=\"_ _0\"></span>678<span class=\"_ _4ac\"> </span></div></td><td class=\"c x8f6 y345e w834 h441\"><div class=\"t m3d x1fa h1ea y36ae ff2 fs4b fc0 sc0 ls249 ws4e7\">81.<span class=\"_ _13\"></span>112<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella voce \u201cAltr<span class=\"_ _0\"></span>e passivit\u00e0\u201d sono, tra l\u2019altro<span class=\"_ _0\"></span>, ricompresi: (i) i debiti ver<span class=\"_ _0\"></span>so fornitori, (ii) i debiti verso gli Enti pr<span class=\"_ _0\"></span>evidenziali ed il pers<span class=\"_ _0\"></span>onale dipendente, (iii) i de<span class=\"_ _0\"></span>biti per r<span class=\"_ _0\"></span>itenute e imposte sostitu<span class=\"_ _0\"></span>tive da versare all\u2019er<span class=\"_ _0\"></span>ario principalmente per conto de<span class=\"_ _0\"></span>i prodotti gestiti, (iv) i debiti deriv<span class=\"_ _0\"></span>anti da rapporti di c<span class=\"_ _0\"></span>onsolidato fiscale<span class=\"_ _0\"></span> pregressi e<span class=\"_ _0\"></span> dagli accordi sotto<span class=\"_ _0\"></span>scritti dalla Soc<span class=\"_ _0\"></span>iet\u00e0 nel dicembre del 2010 con ex soci,<span class=\"_ _0\"></span> (v) i ratei e i risconti passivi e altr<span class=\"_ _0\"></span>i debiti diversi.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-32": {
   "value": "Sezione 9 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Trattam<span class=\"_ _0\"></span>ento<span class=\"_ _0\"></span> di fi<span class=\"_ _0\"></span>ne rapport<span class=\"_ _0\"></span>o del pe<span class=\"_ _0\"></span>rsonal<span class=\"_ _0\"></span>e </span>\u2013 </span>Voce 90<span class=\"ls1 ws1\"> </span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> T<span class=\"_ _13\"></span>rat<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>am<span class=\"_ _11\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>to<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>i f<span class=\"_ _0\"></span>in<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> r<span class=\"_ _0\"></span>ap<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>rt<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>l p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>rs<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>ale<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>ar<span class=\"_ _0\"></span>iaz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w85f h47f\" id=\"_0097138f-43a7-4bcf-8330-23a416055bf9\"><tr><td></td><td class=\"c x950 y3701 w860 h43f\"><div class=\"t m3e x1fa h1ed y3700 ff2 fs4c fc0 sc0 ls24e ws4ef\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2025</div></td><td class=\"c x951 y3701 w861 h43f\"><div class=\"t m3e x1fa h1ed y3700 ff2 fs4c fc0 sc0 ls24e ws4ef\">T<span class=\"_ _0\"></span>ot<span class=\"_ _13\"></span>ale<span class=\"_ _0\"></span> 31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3702 w862 h43f\"><div class=\"t m3e x1fa h1ed y3700 ff2 fs4c fc0 sc0 ls24f ws4f0\">A.<span class=\"_ _5d\"> </span>Esist<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nze<span class=\"_ _0\"></span> iniziali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x952 y3702 w863 h43f\"><div class=\"t m3e x1fa h1ed y3700 ff2 fs4c fc0 sc0 ls24e ws4f1\">6.<span class=\"_ _0\"></span>634<span class=\"_ _4ac\"> </span></div></td><td class=\"c x953 y3702 w864 h43f\"><div class=\"t m3e x1fa h1ed y3700 ff2 fs4c fc0 sc0 ls24e ws4f1\">2.<span class=\"_ _0\"></span>825<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3703 w865 h43f\"><div class=\"t m3e x1fa h1ed y3700 ff2 fs4c fc0 sc0 ls250 ws4f2\">B.<span class=\"_ _4ac\"> </span></div><div class=\"t m3e x954 h1ed y3700 ff2 fs4c fc0 sc0 ls250 ws4f2\">A</div><div class=\"t m3e x955 h1ed y3700 ff2 fs4c fc0 sc0 ls250 ws4f2\">ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x956 y3703 w866 h43f\"><div class=\"t m3e x1fa h1ed y3700 ff2 fs4c fc0 sc0 ls24e ws4f1\">645<span class=\"_ _4ac\"> </span></div></td><td class=\"c x957 y3703 w867 h43f\"><div class=\"t m3e x1fa h1ed y3700 ff2 fs4c fc0 sc0 ls24e ws4f1\">5.<span class=\"_ _13\"></span>160<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35c5 w868 h480\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls251 ws4f3\">B.1<span class=\"_ _1\"></span>. Ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>antonamento d<span class=\"_ _1\"></span>ell'e<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x958 y35c5 w869 h480\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls252 ws4f4\">480<span class=\"_ _4ac\"> </span></div></td><td class=\"c x959 y35c5 w866 h480\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls252 ws4f4\">656<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35c9 w86a h441\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls251 ws4f3\">B.2<span class=\"_ _1\"></span>. Altre variazion<span class=\"_ _1\"></span>i in aumento<span class=\"_ _4ac\"> </span></div></td><td class=\"c x95a y35c9 w866 h441\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls252 ws4f4\">165<span class=\"_ _4ac\"> </span></div></td><td class=\"c x95b y35c9 w86b h441\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls252 ws4f4\">4.<span class=\"_ _0\"></span>504<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35ca w86c h441\"><div class=\"t m3e x1fa h1ed y35c4 ff2 fs4c fc0 sc0 ls250 ws4f2\">C.<span class=\"_ _4ac\"> </span></div><div class=\"t m3e x954 h1ed y35c4 ff2 fs4c fc0 sc0 ls250 ws4f2\">D<span class=\"_ _4ac\"> </span></div><div class=\"t m3e x95c h1ed y35c4 ff2 fs4c fc0 sc0 ls250 ws4f2\">im<span class=\"_ _0\"></span>inuzioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x95d y35ca w86d h441\"><div class=\"t m3e x1fa h1ed y35c4 ff2 fs4c fc0 sc0 ls24e ws4f1\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>446)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x95e y35ca w863 h441\"><div class=\"t m3e x1fa h1ed y35c4 ff2 fs4c fc0 sc0 ls24e ws4f1\">1.<span class=\"_ _0\"></span>351<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35c7 w86e h441\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls251 ws4f3\">C.1. L<span class=\"_ _1c\"></span>iquidaz<span class=\"_ _1\"></span>ioni effettuate<span class=\"_ _4ac\"> </span></div></td><td class=\"c x95f y35c7 w86f h441\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls252 ws4f4\">(<span class=\"_ _0\"></span>941)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x960 y35c7 w866 h441\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls252 ws4f4\">992<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35cb w870 h441\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls251 ws4f3\">C.2. Altre variaz<span class=\"_ _1c\"></span>ioni in diminuz<span class=\"_ _1\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x961 y35cb w871 h441\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls252 ws4f4\">(<span class=\"_ _0\"></span>505)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x962 y35cb w866 h441\"><div class=\"t m3e x1fa h1ed y35c4 ff1 fs4c fc0 sc0 ls252 ws4f4\">359<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w872 h441\"><div class=\"t m3e x1fa h1ed y35c4 ff2 fs4c fc0 sc0 ls250 ws4f2\">D.<span class=\"_ _4ac\"> </span></div><div class=\"t m3e x963 h1ed y35c4 ff2 fs4c fc0 sc0 ls250 ws4f2\">R<span class=\"_ _4ac\"> </span></div><div class=\"t m3e x95c h1ed y35c4 ff2 fs4c fc0 sc0 ls250 ws4f2\">im<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x964 y345e w863 h441\"><div class=\"t m3e x1fa h1ed y35c4 ff2 fs4c fc0 sc0 ls24e ws4f1\">5.<span class=\"_ _0\"></span>833<span class=\"_ _4ac\"> </span></div></td><td class=\"c x965 y345e w863 h441\"><div class=\"t m3e x1fa h1ed y35c4 ff2 fs4c fc0 sc0 ls24e ws4f1\">6.<span class=\"_ _0\"></span>634<span class=\"_ _4ac\"> </span></div></td></tr></table>9<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> A<span class=\"_ _11\"></span>ltr<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> in<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>rm<span class=\"_ _11\"></span>azio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>S<span class=\"_ _4ac\"> </span>i riportano nella t<span class=\"_ _0\"></span>abella che segue<span class=\"_ _0\"></span> le principali ipotesi utiliz<span class=\"_ _0\"></span>zate nella valut<span class=\"_ _0\"></span>azione attuariale del fond<span class=\"_ _1\"></span>o TFR<span class=\"_ _1\"></span>:<span class=\"ls1 ws1\"> </span><table class=\"s w873 h481\" id=\"_690f8089-3219-4d99-b637-fbf93427b921\"><tr><td class=\"c x405 y3704 w16d h1ef\"><div class=\"t m3f x24 h1f0 y1ded ff2 fs4d fc0 sc0 ls253 ws4f5\">Ass<span class=\"_ _0\"></span>unzioni b<span class=\"_ _0\"></span>ase<span class=\"_ _4ac\"> </span></div></td><td class=\"c x966 y3706 w874 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff2 fs4d fc0 sc0 ls254 ws4f6\">2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x967 y3706 w874 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff2 fs4d fc0 sc0 ls254 ws4f6\">2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3707 w875 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls255 ws4f7\">Tass<span class=\"_ _0\"></span>o di Turnove<span class=\"_ _1\"></span>r<span class=\"_ _4ac\"> </span></div></td><td class=\"c x968 y3707 w876 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f8\">3,00%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x969 y3707 w877 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f8\">3,00%<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3708 w878 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls255 ws4f7\">Tass<span class=\"_ _4ac\"> </span></div><div class=\"t m3f x955 h1f0 y3705 ff1 fs4d fc0 sc0 ls255 ws4f7\">o di anticipazion<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x96a y3708 w876 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f8\">1,00%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x96b y3708 w879 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f8\">1,<span class=\"_ _0\"></span>00%<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3709 w87a h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls255 ws4f7\">Tavola di mortalit\u00e0 (diversific<span class=\"_ _0\"></span>ata per ses<span class=\"_ _0\"></span>so)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x96c y3709 w87b h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f9\">I<span class=\"_ _13\"></span>ST<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T 2023<span class=\"_ _4ac\"> </span></div></td><td class=\"c x96d y3709 w87c h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f9\">I<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>TA<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span> 2022<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y370a w87d h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls255 ws4f7\">Tass<span class=\"_ _0\"></span>o d'inflaz<span class=\"_ _1\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x96e y370a w87e h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f8\">2,<span class=\"_ _0\"></span>00%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x96f y370a w879 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f8\">1,<span class=\"_ _0\"></span>90%<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y370b w87f h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls257 ws4fa\">Tass<span class=\"_ _0\"></span>o di s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onto (*)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x970 y370b w876 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f8\">3,60%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x971 y370b w87e h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f8\">3,<span class=\"_ _0\"></span>20%<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w880 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls255 ws4f7\">Valore dell'<span class=\"_ _1c\"></span>obbligazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x972 y345e w881 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f8\">5.833<span class=\"_ _4ac\"> </span></div></td><td class=\"c x973 y345e w882 h482\"><div class=\"t m3f x1fa h1f0 y3705 ff1 fs4d fc0 sc0 ls256 ws4f8\">6.<span class=\"_ _0\"></span>634<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) Si <span class=\"ls53 ws15e\">evide<span class=\"_ _1\"></span>nzia che <span class=\"_ _1\"></span>in relazione<span class=\"_ _1\"></span> alla soc<span class=\"_ _1\"></span>iet\u00e0 Kair<span class=\"_ _1\"></span>os SGR il tas<span class=\"_ _1\"></span>so di at<span class=\"_ _1\"></span>tualizzaz<span class=\"_ _1\"></span>ione utiliz<span class=\"_ _1\"></span>zato dall<span class=\"_ _1\"></span>\u2019attuario a<span class=\"_ _1c\"></span>i fini del calcolo<span class=\"_ _1\"></span> \u00e8<span class=\"ls1 ws1\"> </span><span class=\"ws4ee\">pari al 3,9<span class=\"_ _1\"></span>6%.<span class=\"ls1 ws1\"> </span></span></span>S<span class=\"_ _4ac\"> </span>i seg<span class=\"_ _1\"></span>nala ch<span class=\"_ _1\"></span>e per la det<span class=\"_ _1\"></span>ermi<span class=\"_ _1\"></span>nazione d<span class=\"_ _1c\"></span>el tasso d\u2019i<span class=\"_ _1\"></span>nflazio<span class=\"_ _1\"></span>ne \u00e8 s<span class=\"_ _1\"></span>tato pres<span class=\"_ _1\"></span>o come rif<span class=\"_ _1c\"></span>erimento <span class=\"_ _1\"></span>il tasso indicato dalla Banca Centrale Europea sul medio termine (con specifica rettifica correlata alla no<span class=\"_ _0\"></span>stra nazi<span class=\"_ _0\"></span>one),<span class=\"_ _0\"></span> mentre per il<span class=\"_ _0\"></span> tasso di scon<span class=\"_ _0\"></span>to il par<span class=\"_ _0\"></span>ametro <span class=\"ls0 wsd5\">di riferimento \u00e8 la curva </span>\u201cCo<span class=\"_ _0\"></span>rpor<span class=\"_ _0\"></span>ate Bond A<span class=\"_ _0\"></span>A\u201d al 31<span class=\"_ _0\"></span> dicembre<span class=\"_ _0\"></span> 2025.<span class=\"ls1 ws1\"> </span>Infine, nelle suc<span class=\"_ _0\"></span>cessive tabelle si riporta l\u2019<span class=\"_ _0\"></span>analisi di sensitivit<span class=\"_ _0\"></span>\u00e0 e le informazioni aggiuntive previste dal princ<span class=\"_ _0\"></span>ipio IAS 19:<span class=\"ls1 ws1\"> </span><table class=\"s w883 h483\" id=\"_f3bae469-6ec3-4de9-ac0e-0289ce2ec2e0\"><tr><td class=\"c x405 y370c w16e h1f1\"><div class=\"t m40 x24 h1f2 y1df7 ff2 fs4e fc0 sc0 ls258 ws4fb\">Analisi d<span class=\"_ _0\"></span>i se<span class=\"_ _0\"></span>nsivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y370d w16e h1f3\"><div class=\"t m40 xe5 h1f4 y1df9 ffd fs4e fc0 sc0 ls259 ws4fc\">Variazione % de<span class=\"_ _0\"></span>l tasso base<span class=\"_ _4ac\"> </span></div></td><td class=\"c x974 y370d w16f h1f3\"><div class=\"t m40 x26 h1f2 y1dfa ff2 fs4e fc0 sc0 ls259 ws4fd\">Variazione d<span class=\"_ _0\"></span>el valore </div></td></tr><tr><td></td><td></td><td class=\"c x974 y370d w16f h1f3\"><div class=\"t m40 x60 h1f2 y1dfb ff2 fs4e fc0 sc0 ls258 ws4fb\">de<span class=\"_ _0\"></span>ll'obbligaz<span class=\"_ _0\"></span>ione tot<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y370e w884 h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25a ws4fe\">Tass<span class=\"_ _0\"></span>o di s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onto<span class=\"_ _4ac\"> </span></div></td><td class=\"c x975 y370e w885 h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws4ff\">0,<span class=\"_ _0\"></span>50%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x976 y370e w886 h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws4ff\">(<span class=\"_ _0\"></span>189)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y370f w884 h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25a ws4fe\">Tass<span class=\"_ _0\"></span>o di s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onto<span class=\"_ _4ac\"> </span></div></td><td class=\"c x977 y370f w887 h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws4ff\">-0,<span class=\"_ _0\"></span>50%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x978 y370f w888 h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws4ff\">201<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3710 w889 h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25a ws4fe\">Tass<span class=\"_ _0\"></span>o d'inflaz<span class=\"_ _1\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x979 y3710 w88a h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws4ff\">0,50%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x97a y3710 w888 h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws4ff\">131<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3711 w889 h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25a ws4fe\">Tass<span class=\"_ _0\"></span>o d'inflaz<span class=\"_ _1\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x97b y3711 w88b h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws4ff\">-0,50%<span class=\"_ _4ac\"> </span></div></td><td class=\"c x97c y3711 w88c h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws4ff\">(126)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y370c w16e h1f1\"><div class=\"t m40 x24 h1f2 y1e00 ff1 fs4e fc0 sc0 ls25a ws4fe\">Tavola di mortalit\u00e0 (diversific<span class=\"_ _0\"></span>ata per ses<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x97f y3712 w88d h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws500\">+ 1 a<span class=\"_ _4ac\"> </span></div><div class=\"t m40 x97d h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws500\">nn</div><div class=\"t m40 x97e h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws500\">o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x980 y3712 w88e h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws4ff\">15<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y370c w16e h1f1\"><div class=\"t m40 x24 h1f2 y1e03 ff1 fs4e fc0 sc0 ls25a ws4fe\">Tavola di mortalit\u00e0 (diversific<span class=\"_ _0\"></span>ata per ses<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>o)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x982 y345e w88f h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws500\">- 1 a<span class=\"_ _4ac\"> </span></div><div class=\"t m40 x981 h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws500\">nno<span class=\"_ _4ac\"> </span></div></td><td class=\"c x983 y345e w890 h484\"><div class=\"t m40 x1fa h1f2 y360f ff1 fs4e fc0 sc0 ls25b ws4ff\">14<span class=\"_ _4ac\"> </span></div></td></tr></table><table class=\"s w891 h485\" id=\"_a2b7f95e-3032-458f-8e2c-aa5d63ad9448\"><tr><td class=\"c x405 y3713 w171 h1f8\"><div class=\"t m41 x24 h1f6 y1e27 ff2 fs4f fc0 sc0 ls25e ws505\">Erog<span class=\"_ _1\"></span>az<span class=\"_ _0\"></span>ioni previst<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>i prossim<span class=\"_ _0\"></span>i anni in b<span class=\"_ _0\"></span>ase a<span class=\"_ _0\"></span>lle ass<span class=\"_ _0\"></span>unzioni att<span class=\"_ _0\"></span>uariali </div></td><td></td></tr><tr><td class=\"c x212 y3714 w892 h43f\"><div class=\"t m41 x1fa h1f6 y368a ff1 fs4f fc0 sc0 ls25c ws501\">31 di<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _13\"></span>bre<span class=\"_ _0\"></span> 2026<span class=\"_ _4ac\"> </span></div></td><td class=\"c x984 y3714 w7e1 h43f\"><div class=\"t m41 x1fa h1f6 y368a ff1 fs4f fc0 sc0 ls25c ws502\">1.174<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3715 w892 h43f\"><div class=\"t m41 x1fa h1f6 y368a ff1 fs4f fc0 sc0 ls25c ws501\">31 di<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _13\"></span>bre<span class=\"_ _0\"></span> 2027<span class=\"_ _4ac\"> </span></div></td><td class=\"c x985 y3715 w893 h43f\"><div class=\"t m41 x1fa h1f6 y368a ff1 fs4f fc0 sc0 ls25c ws502\">329<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3716 w892 h43f\"><div class=\"t m41 x1fa h1f6 y368a ff1 fs4f fc0 sc0 ls25c ws501\">31 di<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _13\"></span>bre<span class=\"_ _0\"></span> 2028<span class=\"_ _4ac\"> </span></div></td><td class=\"c x985 y3716 w893 h43f\"><div class=\"t m41 x1fa h1f6 y368a ff1 fs4f fc0 sc0 ls25c ws502\">328<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3717 w892 h43f\"><div class=\"t m41 x1fa h1f6 y368a ff1 fs4f fc0 sc0 ls25c ws501\">31 di<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _13\"></span>bre<span class=\"_ _0\"></span> 2029<span class=\"_ _4ac\"> </span></div></td><td class=\"c x985 y3717 w893 h43f\"><div class=\"t m41 x1fa h1f6 y368a ff1 fs4f fc0 sc0 ls25c ws502\">351<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3718 w892 h43f\"><div class=\"t m41 x1fa h1f6 y368a ff1 fs4f fc0 sc0 ls25c ws501\">31 di<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _13\"></span>bre<span class=\"_ _0\"></span> 2030<span class=\"_ _4ac\"> </span></div></td><td class=\"c x985 y3718 w893 h43f\"><div class=\"t m41 x1fa h1f6 y368a ff1 fs4f fc0 sc0 ls25c ws502\">702<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3719 w894 h43f\"><div class=\"t m42 x1fa h1f7 y368a ff1 fs50 fc0 sc0 ls25d ws503\">1 ge<span class=\"_ _0\"></span>nna<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o 2031-31 di<span class=\"_ _0\"></span>c<span class=\"_ _13\"></span>em<span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>e 2035<span class=\"_ _4ac\"> </span></div></td><td class=\"c x986 y3719 w895 h43f\"><div class=\"t m42 x1fa h1f7 y368a ff1 fs50 fc0 sc0 ls25d ws504\">1.256<span class=\"_ _4ac\"> </span></div></td></tr></table>S<span class=\"_ _4ac\"> </span>i segnala che la stima delle erogazioni pre<span class=\"_ _0\"></span>viste per gli anni che vanno dal 2031 al 2035 riportata in tabella e pari a circa Euro 1,3 milioni non include il dato di Kairos SGR, in q<span class=\"_ _1\"></span>uanto non disponibile.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-630": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs799\">Sezione 10 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Fo<span class=\"_ _0\"></span>ndi per ris<span class=\"_ _0\"></span>chi e<span class=\"_ _0\"></span> oneri </span>\u2013 </span>V<span class=\"_ _0\"></span>oce 100<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs79a\">1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> \u201cF<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> ris<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>i\u201d:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs79b\"><table class=\"s w896 h486\" id=\"_80e73775-002f-4a8f-9ea9-094295542703\"><tr><td class=\"c x622 y371a w172 h1f5\"><div class=\"t m43 x24 h1f7 y1e29 ff2 fs50 fc0 sc0 ls25f ws506\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x987 y371b w173 h1f9\"><div class=\"t m44 x13f h1f6 y1e2b ff2 fs4f fc0 sc0 ls260 ws507\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td><td class=\"c x988 y371b w173 h1f9\"><div class=\"t m44 x13f h1f6 y1e2b ff2 fs4f fc0 sc0 ls260 ws507\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td></tr><tr><td></td><td class=\"c x987 y371b w173 h1f9\"><div class=\"t m44 x16 h1f6 y1e2c ff2 fs4f fc0 sc0 ls261 ws508\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025</div></td><td class=\"c x988 y371b w173 h1f9\"><div class=\"t m44 x16 h1f6 y1e2c ff2 fs4f fc0 sc0 ls261 ws508\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3715 w897 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">1. Fondi su im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>egni e garanz<span class=\"_ _0\"></span>ie rilasciat<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x989 y3715 w898 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">25<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98a y3715 w898 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">24<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3716 w899 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m44 x8aa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m44 x8ab h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">ltri f<span class=\"_ _0\"></span>ondi p<span class=\"_ _0\"></span>er ris<span class=\"_ _0\"></span>chi ed<span class=\"_ _0\"></span> oneri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98b y3716 w89a h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">25.879</div></td><td class=\"c x622 y371a w172 h1f5\"><div class=\"t m43 x136 h1f7 y1e30 ff2 fs50 fc0 sc0 ls1 ws1\"> <span class=\"_ _260\"> </span><span class=\"ls262 ws50a\">27.<span class=\"_ _0\"></span>667<span class=\"_ _31b\"></span><span class=\"ls1 ws50b\">            <span class=\"ws1\"> </span></span></span></div></td></tr><tr><td class=\"c x98c y3717 w89b h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls263 ws50c\">3.<span class=\"_ _1\"></span>1 controversie legali e fis<span class=\"_ _0\"></span>cali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98d y3717 w82f h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">234<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98e y3717 w89c h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">539<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x98c y3718 w89d h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls263 ws50c\">3.<span class=\"_ _1\"></span>2 on<span class=\"_ _1\"></span>eri per<span class=\"_ _1\"></span> il personale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98f y3718 w89e h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">25.645<span class=\"_ _4ac\"> </span></div></td><td class=\"c x990 y3718 w89e h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">27.128<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3719 w89f h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls25f ws506\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x991 y3719 w8a0 h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls262 ws50a\">25.904<span class=\"_ _4ac\"> </span></div></td><td class=\"c x992 y3719 w8a1 h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls262 ws50a\">27.<span class=\"_ _0\"></span>691<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws7b gs79c\">La v<span class=\"_ _1\"></span>oce \u201c10<span class=\"_ _1\"></span>0 <span class=\"ls1 ws1\">- <span class=\"_ _13\"></span><span class=\"ls0 ws74\">Fondi per rischi e oneri\u201d presenta un saldo pari a circa Euro 25,9 milioni (Euro </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs79d\">27,7 mil<span class=\"_ _1\"></span>ioni al 31 dic<span class=\"_ _1c\"></span>embre 2024)<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsc8 gs79e\">La so<span class=\"_ _1\"></span>ttovoc<span class=\"_ _1c\"></span>e \u201c3.2 oneri<span class=\"_ _1c\"></span> per il p<span class=\"_ _1\"></span>ersona<span class=\"_ _1\"></span>le\u201d com<span class=\"_ _1c\"></span>prende pri<span class=\"_ _1c\"></span>ncipalm<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> l\u2019acca<span class=\"_ _1\"></span>ntona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto dell<span class=\"_ _1c\"></span>a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs79f\">componente variabile della remun<span class=\"_ _0\"></span>erazione del personale dipendente e degli Amministratori </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsa9 gs7a0\">del G<span class=\"_ _1\"></span>ruppo<span class=\"_ _1\"></span> Ani<span class=\"_ _1\"></span>ma di <span class=\"_ _1\"></span>comp<span class=\"_ _1\"></span>etenz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1c\"></span>o, per <span class=\"_ _1\"></span>un imp<span class=\"_ _1c\"></span>orto di ci<span class=\"_ _1c\"></span>rca Euro<span class=\"_ _1\"></span> 2<span class=\"ls0 ws8b\">5,6 milioni (in </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws154 gs7a1\">contro<span class=\"_ _0\"></span>parti<span class=\"_ _0\"></span>ta de<span class=\"_ _0\"></span>lla voce d<span class=\"_ _0\"></span>i conto<span class=\"_ _0\"></span> economi<span class=\"_ _0\"></span>co \u201c140 <span class=\"ls1 ws1\">-  <span class=\"ls1c ws1d3\">Spese a<span class=\"_ _1\"></span>mmini<span class=\"_ _1\"></span>strativ<span class=\"_ _1c\"></span>e b) spese p<span class=\"_ _1\"></span>er il </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs7a2\">pers<span class=\"_ _1\"></span>onale\u201d<span class=\"_ _1\"></span>), in <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>trazi<span class=\"_ _1\"></span>one di ci<span class=\"_ _1c\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,5 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni ri<span class=\"_ _1\"></span>spett<span class=\"_ _1\"></span>o al 31<span class=\"_ _1c\"></span> dicembr<span class=\"_ _1\"></span>e 20<span class=\"_ _1\"></span>24. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs7a3\">Con riferimento a tale sottovoc<span class=\"_ _0\"></span>e, in linea con quanto previsto dai p<span class=\"_ _1\"></span>rin<span class=\"_ _0\"></span>cipi contabili, \u00e8 stata </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws59 gs7a4\">effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>ta la m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>or s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span> del c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>o rileva<span class=\"_ _1c\"></span>ndo un<span class=\"_ _1\"></span> acca<span class=\"_ _1c\"></span>ntoname<span class=\"_ _1c\"></span>nto a \u201cFo<span class=\"_ _1c\"></span>ndo ris<span class=\"_ _1\"></span>chi <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws76\">altr<span class=\"_ _0\"></span>i fondi </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws6d gs7a5\">per ri<span class=\"_ _1\"></span>schi<span class=\"_ _1c\"></span> e oneri\u201d<span class=\"_ _1c\"></span> e iscri<span class=\"_ _1c\"></span>vendo l<span class=\"_ _1\"></span>e nec<span class=\"_ _1c\"></span>essarie<span class=\"_ _1\"></span> impos<span class=\"_ _1c\"></span>te antici<span class=\"_ _1\"></span>pate<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"ls31 ws96\">s<span class=\"_ _1\"></span>ul v<span class=\"_ _0\"></span>alore acc<span class=\"_ _0\"></span>antonato<span class=\"_ _0\"></span>, come in </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs7a6\">prec<span class=\"_ _1\"></span>edenz<span class=\"_ _1\"></span>a ill<span class=\"_ _1c\"></span>ustrato<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws241 gs7a7\">Per i c<span class=\"_ _1\"></span>omparti<span class=\"_ _1\"></span> del f<span class=\"_ _1\"></span>ondo pen<span class=\"_ _1\"></span>sione ap<span class=\"_ _1c\"></span>erto Arti<span class=\"_ _1\"></span> &amp; Mesti<span class=\"_ _1\"></span>eri \u201cGa<span class=\"_ _1\"></span>ranzia<span class=\"_ _1c\"></span> 1+\u201d ed \u201cIn<span class=\"_ _1\"></span>creme<span class=\"_ _1\"></span>nto e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws19 gs7a8\">Garanzia 5+\u201d, nonch\u00e9 p<span class=\"_ _1\"></span>er il comparto \u201cLinea Garantita\u201d del fondo pensione<span class=\"_ _1\"></span> negoziale \u201cExtenso\u201d </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs7a9\">ricevuto<span class=\"_ _0\"></span> in delega, Anima SGR fornis<span class=\"_ _0\"></span>ce garanzia ai sottosc<span class=\"_ _0\"></span>rittori circa la<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls31 wsba\">co<span class=\"_ _0\"></span>rrespon<span class=\"_ _0\"></span>sione d<span class=\"_ _0\"></span>i un </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws8f gs7aa\">impo<span class=\"_ _1\"></span>rto mi<span class=\"_ _1\"></span>nimo<span class=\"_ _1\"></span>, pari<span class=\"_ _1\"></span> a q<span class=\"_ _1\"></span>uanto s<span class=\"_ _1c\"></span>ottoscri<span class=\"_ _1\"></span>tto d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>\u2019adere<span class=\"_ _1\"></span>nte, i<span class=\"_ _1\"></span>ndip<span class=\"_ _1\"></span>ende<span class=\"_ _1\"></span>nteme<span class=\"_ _1\"></span>nte d<span class=\"_ _1\"></span>ai ris<span class=\"_ _1c\"></span>ultati di<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls2f ws58 gs7ab\">ge<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne.<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws7b gs7ac\">Al 3<span class=\"_ _1\"></span>1 dice<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2025,<span class=\"_ _1\"></span> si \u00e8<span class=\"_ _1\"></span> resa<span class=\"_ _1\"></span> neces<span class=\"_ _1\"></span>saria<span class=\"_ _1\"></span> un\u2019in<span class=\"_ _1\"></span>tegraz<span class=\"_ _1\"></span>ione a<span class=\"_ _1c\"></span> fronte d<span class=\"_ _1c\"></span>ella gara<span class=\"_ _1\"></span>nzia p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ta dai<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsa9 gs7ad\">comp<span class=\"_ _1\"></span>arti p<span class=\"_ _1\"></span>er Euro <span class=\"_ _1c\"></span>2.486 per il<span class=\"_ _1\"></span> Fond<span class=\"_ _1\"></span>o Pensi<span class=\"_ _1c\"></span>one Ap<span class=\"_ _1\"></span>erto \u201cA<span class=\"_ _1\"></span>rti &amp; M<span class=\"_ _1\"></span>estie<span class=\"_ _1\"></span>ri\u201d, m<span class=\"_ _1\"></span>entre p<span class=\"_ _1c\"></span>er il fond<span class=\"_ _1\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws11a gs7ae\">pensi<span class=\"_ _1c\"></span>one neg<span class=\"_ _1\"></span>ozia<span class=\"_ _1\"></span>le \u201cE<span class=\"_ _1\"></span>xtens<span class=\"_ _1c\"></span>o\u201d non <span class=\"_ _1\"></span>\u00e8 sta<span class=\"_ _1\"></span>ta eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>uata a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>na in<span class=\"_ _1\"></span>tegra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne; ta<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>nfo<span class=\"_ _1\"></span>rmazi<span class=\"_ _1\"></span>one \u00e8<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws64 gs7af\">compresa nella comunicazione che viene inviata a Banca d\u2019Italia da Anima SGR relativa al </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs7b0\">\u201cPatrimonio di Vigilan<span class=\"_ _0\"></span>za e ai requisiti patrimoniali a su<span class=\"_ _0\"></span>pporto della garanzia sul capit<span class=\"_ _0\"></span>ale offerta </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs7b1\">dai<span class=\"_ _1\"></span> compa<span class=\"_ _1\"></span>rti g<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>ntiti d<span class=\"_ _1c\"></span>ei fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>one g<span class=\"ls2f ws58\">est<span class=\"_ _0\"></span>iti\u201d<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span><span class=\"ls2f ws58\"><span class=\"ls1 ws1\"> </span></span></div>Anima SGR ha definito i criteri e le procedure adottate per la determinazione de<span class=\"_ _0\"></span>gli impegni<span class=\"_ _4ac\"> </span>assunti nell\u2019<span class=\"_ _0\"></span>apposita politica \u201cC<span class=\"_ _0\"></span>riteri e proce<span class=\"_ _0\"></span>dure per la determ<span class=\"_ _0\"></span>inazione degli impegn<span class=\"_ _0\"></span>i assunti<span class=\"_ _4ac\"> </span>per la ges<span class=\"_ _0\"></span>tione di fondi pen<span class=\"_ _0\"></span>sione accom<span class=\"_ _0\"></span>pagnati dalla garan<span class=\"_ _0\"></span>zia di res<span class=\"ls0 ws15\">tituzione<span class=\"_ _0\"></span> del capit<span class=\"_ _0\"></span>ale\u201d.<span class=\"_ _4ac\"> </span></span>La sopracitata polit<span class=\"_ _0\"></span>ica prevede che, per finalit\u00e0 di bilancio e di gestione del rischio, la funzione<span class=\"_ _4ac\"> </span>di Risk Management<span class=\"_ _0\"></span> determini la stima<span class=\"_ _0\"></span> degli <span class=\"_ _1\"></span>impe<span class=\"_ _0\"></span>gni assunti a fronte<span class=\"_ _0\"></span> delle garanzie di<span class=\"_ _4ac\"> </span>restitu<span class=\"_ _0\"></span>zione del capitale rilasciate da Anima SGR sulla base di un m<span class=\"ls30 ws134\">od<span class=\"_ _1c\"></span>ello, i<span class=\"_ _1\"></span>mple<span class=\"_ _1\"></span>mentat<span class=\"_ _1\"></span>o<span class=\"_ _4ac\"> </span></span>media<span class=\"_ _1c\"></span>nte un ap<span class=\"_ _1\"></span>posi<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>strum<span class=\"_ _1c\"></span>ento inf<span class=\"_ _1\"></span>ormati<span class=\"_ _1\"></span>co b<span class=\"_ _1\"></span>asato<span class=\"_ _1\"></span> su m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>e di s<span class=\"_ _1\"></span>imula<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> tipo<span class=\"_ _4ac\"> </span>\u201cM<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>\u201d.<span class=\"_ _4ac\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, l<span class=\"_ _1\"></span>o str<span class=\"_ _1\"></span>ument<span class=\"_ _1\"></span>o stima i<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ella g<span class=\"_ _1\"></span>aranzia<span class=\"_ _1\"></span> per og<span class=\"_ _1c\"></span>ni adere<span class=\"_ _1\"></span>nte co<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span> il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a<span class=\"_ _4ac\"> </span>riser<span class=\"_ _0\"></span>va prosp<span class=\"_ _0\"></span>ettiva. L<span class=\"_ _0\"></span>a valuta<span class=\"_ _0\"></span>zione \u00e8 imple<span class=\"_ _0\"></span>mentat<span class=\"_ _0\"></span>a come il valor<span class=\"_ _0\"></span>e della garan<span class=\"_ _0\"></span>zia pond<span class=\"_ _0\"></span>erato per<span class=\"_ _4ac\"> </span>la probabilit<span class=\"_ _0\"></span>\u00e0 di retrocedere la gar<span class=\"_ _0\"></span>anzia stessa entro<span class=\"_ _0\"></span> l\u2019orizzo<span class=\"lse ws113\">nte di r<span class=\"_ _0\"></span>iferimento.<span class=\"_ _0\"></span> La probabilit<span class=\"_ _0\"></span>\u00e0 di<span class=\"_ _4ac\"> </span></span>corrispon<span class=\"_ _0\"></span>dere la garanzia tiene conto della situazione iniziale degli aderent<span class=\"_ _0\"></span>i, della probabilit\u00e0<span class=\"_ _4ac\"> </span>di pensionamento, de<span class=\"_ _0\"></span>lla probabilit\u00e0 di morte o invalidit\u00e0, della probabilit\u00e0 di disoccupazione,<span class=\"_ _4ac\"> </span>della probabilit\u00e0 che si<span class=\"ls31 wsa9\">a r<span class=\"_ _0\"></span>ichiest<span class=\"_ _0\"></span>o il tras<span class=\"_ _0\"></span>ferimento de<span class=\"_ _0\"></span>lla posiz<span class=\"_ _0\"></span>ione ad altro<span class=\"_ _0\"></span> fondo o compart<span class=\"_ _0\"></span>o,<span class=\"_ _4ac\"> </span></span>delle attese c<span class=\"_ _0\"></span>irca i nuovi aderenti e degli eventi che danno luogo alla corresponsione della<span class=\"_ _4ac\"> </span>garanzia pre<span class=\"_ _0\"></span>visti dai regolamenti dei fondi.<span class=\"_ _4ac\"> </span>Per ciascuno scen<span class=\"_ _0\"></span>ario di riscatto, l\u2019applicativo prov<span class=\"_ _0\"></span>vede a simulare un elevato numero di scenari<span class=\"_ _4ac\"> </span>di possibili valori della quota del fondo (comunque non inferiore a n\u00b0 50.000), al fine di calcolare<span class=\"_ _4ac\"> </span>l\u2019ev<span class=\"_ _0\"></span>entuale impor<span class=\"_ _0\"></span>to che Anima<span class=\"_ _0\"></span> SGR sarebbe ten<span class=\"_ _0\"></span>uta a integr<span class=\"ls1c ws85\">are all\u2019<span class=\"_ _1\"></span>aderen<span class=\"_ _1\"></span>te. Ci<span class=\"_ _1\"></span>ascuno<span class=\"_ _1\"></span> scena<span class=\"_ _1\"></span>rio<span class=\"_ _4ac\"> </span></span>\u00e8 simulato tenendo conto del valore iniziale<span class=\"_ _0\"></span> della quota del fondo o della classe e della sua<span class=\"_ _4ac\"> </span>evol<span class=\"_ _1\"></span>uzion<span class=\"_ _1\"></span>e fu<span class=\"_ _1\"></span>tura, d<span class=\"_ _1\"></span>escri<span class=\"_ _1c\"></span>tta da <span class=\"_ _1\"></span>un Mo<span class=\"_ _1\"></span>to G<span class=\"_ _1\"></span>eomet<span class=\"_ _1\"></span>rico <span class=\"_ _1\"></span>Brow<span class=\"_ _1\"></span>niano p<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>metriz<span class=\"_ _1\"></span>zat<span class=\"_ _1\"></span>o con<span class=\"_ _4ac\"> </span>rendimento e vo<span class=\"_ _0\"></span>latilit\u00e0 attesi del port<span class=\"_ _0\"></span>afoglio<span class=\"ls1 ws1\"> <span class=\"ls30 ws27\">del<span class=\"_ _1\"></span> fondo.<span class=\"_ _4ac\"> </span></span></span>Una volta calcolat<span class=\"_ _0\"></span>a la distribuzione delle possibili per<span class=\"_ _0\"></span>dite sull\u2019orizzont<span class=\"_ _0\"></span>e di riferimento, \u00e8 rilevato<span class=\"_ _4ac\"> </span>il 99,5<span class=\"ls1 ws1\">-<span class=\"ls1c ws2a\">esimo p<span class=\"_ _1\"></span>eggio<span class=\"_ _1\"></span>r perc<span class=\"_ _1\"></span>entile p<span class=\"_ _1c\"></span>er determi<span class=\"_ _1c\"></span>nare l\u2019imp<span class=\"_ _1\"></span>egno di<span class=\"_ _1\"></span> Anima<span class=\"_ _1\"></span> SGR a<span class=\"_ _1\"></span> front<span class=\"_ _1\"></span>e del ri<span class=\"_ _1\"></span>schio i<span class=\"_ _1c\"></span>n<span class=\"_ _4ac\"> </span></span></span>analisi.<span class=\"_ _4ac\"> </span>Dato l\u2019oriz<span class=\"_ _0\"></span>zonte temporale annuale e tenuto conto delle prassi contabili per le passivit\u00e0 che non<span class=\"_ _4ac\"> </span>superano i 12 mes<span class=\"_ _0\"></span>i, il valore degli impegni cos\u00ec stimato<span class=\"_ _0\"></span> non \u00e8 attualizzato.<span class=\"_ _4ac\"> </span>Al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 202<span class=\"_ _1c\"></span>5 l\u2019impeg<span class=\"_ _1\"></span>no cos\u00ec d<span class=\"_ _1\"></span>eter<span class=\"_ _1c\"></span>minato ris<span class=\"_ _1\"></span>ulta p<span class=\"_ _1\"></span>ari a ci<span class=\"_ _1\"></span>rca E<span class=\"_ _1\"></span>uro 25 mi<span class=\"_ _1\"></span>la, i<span class=\"_ _1\"></span>mpor<span class=\"_ _1\"></span>to che<span class=\"_ _4ac\"> </span>viene ev<span class=\"_ _0\"></span>idenziato nella vo<span class=\"_ _0\"></span>ce \u201c1. Fondi <span class=\"_ _0\"></span>su impegni e <span class=\"_ _0\"></span>garanzie rilasc<span class=\"_ _0\"></span>iate\u201d della so<span class=\"_ _0\"></span>pra evidenziata<span class=\"_ _4ac\"> </span>tabella di com<span class=\"_ _0\"></span>posizione del Fondo per rischi ed oneri.<span class=\"_ _4ac\"> </span>I<span class=\"_ _4ac\"> </span>nfine, la sottovoce<span class=\"_ _0\"></span> \u201c3.1 controversie le<span class=\"_ _0\"></span>gali e fiscali\u201d, valor<span class=\"_ _0\"></span>izzata per circa Euro 0,5 m<span class=\"_ _0\"></span>ilioni,<span class=\"_ _4ac\"> </span>acc<span class=\"_ _0\"></span>oglie a<span class=\"_ _0\"></span>ccanto<span class=\"_ _0\"></span>nament<span class=\"_ _0\"></span>i per<span class=\"_ _0\"></span> vertenz<span class=\"_ _0\"></span>e varie<span class=\"_ _0\"></span>, compre<span class=\"_ _0\"></span>nsive de<span class=\"_ _0\"></span>lle cor<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate spes<span class=\"_ _0\"></span>e di consu<span class=\"_ _0\"></span>lenza<span class=\"_ _4ac\"> </span>legale e/o<span class=\"_ _0\"></span> fiscale.<span class=\"_ _4ac\"> </span>Non s<span class=\"_ _1c\"></span>ono st<span class=\"_ _1\"></span>ati p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sti <span class=\"_ _1\"></span>accan<span class=\"_ _1c\"></span>toname<span class=\"_ _1c\"></span>nti per<span class=\"_ _1\"></span> caus<span class=\"_ _1\"></span>e nell<span class=\"_ _1c\"></span>e qual<span class=\"_ _1\"></span>i le<span class=\"_ _1\"></span> soci<span class=\"_ _1\"></span>et\u00e0 d<span class=\"_ _1c\"></span>el Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima<span class=\"_ _1c\"></span> sono<span class=\"_ _4ac\"> </span>chia<span class=\"_ _1\"></span>mate <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>espon<span class=\"_ _1\"></span>sabil<span class=\"_ _1\"></span>e ma <span class=\"_ _1\"></span>che, i<span class=\"_ _1c\"></span>n base a<span class=\"_ _1c\"></span> sentenz<span class=\"_ _1\"></span>e preg<span class=\"_ _1c\"></span>resse <span class=\"_ _1\"></span>per l<span class=\"_ _1\"></span>a ste<span class=\"_ _1\"></span>ssa ti<span class=\"_ _1\"></span>pol<span class=\"_ _1\"></span>ogia d<span class=\"_ _1c\"></span>i<span class=\"_ _4ac\"> </span>contenzio<span class=\"_ _0\"></span>so ovvero all\u2019opinione di consulenti terzi,<span class=\"_ _0\"></span> si ritiene non <span class=\"ls30 ws96\">comp<span class=\"_ _1\"></span>ortera<span class=\"_ _1c\"></span>nno oneri.<span class=\"_ _4ac\"> </span></span>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> \u201cF<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i d<span class=\"_ _13\"></span>i q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>ie<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>a az<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>ali\u201d e<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span> \u201c<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>tr<span class=\"_ _13\"></span>i f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>r r<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i e<span class=\"_ _11\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>i\u201d:<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>ariaz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>e<table class=\"s w8a2 h487\" id=\"_785492fa-a499-48b5-aa9b-46b2bf43d24c\"><tr><td></td><td class=\"c x993 y371e w8a3 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">Fondi d<span class=\"_ _0\"></span>i q<span class=\"_ _0\"></span>uiescenz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x994 y371e w8a4 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls265 ws50f\">A<span class=\"_ _0\"></span>ltri f<span class=\"_ _0\"></span>ondi pe<span class=\"_ _0\"></span>r rischi ed<span class=\"_ _0\"></span> oneri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x995 y371e w8a5 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws510\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y371f w8a6 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls265 ws50f\">A.<span class=\"_ _0\"></span> Esiste<span class=\"_ _0\"></span>nze iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x996 y371f w8a7 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">24<span class=\"_ _4ac\"> </span></div></td><td class=\"c x997 y371f w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">27.<span class=\"_ _0\"></span>667</div></td><td class=\"t m46 x998 h1fb y3720 ff2 fs51 fc0 sc0 ls1 ws512\"> <span class=\"ls267 ws1e\">27.691<span class=\"_ _4ac\"> </span></span></td></tr><tr><td class=\"c x212 y3721 w8a9 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">B. Aum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x999 y3721 w8aa h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99a y3721 w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">25.<span class=\"_ _0\"></span>481<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99b y3721 w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">25.<span class=\"_ _0\"></span>484<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3722 w8ab h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">B.1  Acc<span class=\"_ _0\"></span>antonamento de<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99c y3722 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99d y3722 w8ad h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">25.481<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99e y3722 w8ad h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">25.481<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3723 w8ae h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">B.3 Variaz<span class=\"_ _1\"></span>ioni dovute<span class=\"_ _1\"></span> a modific<span class=\"_ _0\"></span>he del tasso di s<span class=\"_ _0\"></span>conto<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99f y3723 w8af h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a0 y3723 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a1 y3723 w8af h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3724 w8b0 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">C.<span class=\"_ _0\"></span> Dim<span class=\"_ _0\"></span>inuzioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a2 y3724 w8b1 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(2)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a3 y3724 w8b2 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(<span class=\"_ _0\"></span>27.<span class=\"_ _0\"></span>270)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a4 y3724 w8b3 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(<span class=\"_ _0\"></span>27.271)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3725 w8b4 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">C.1  Utilizzo de<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a5 y3725 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a6 y3725 w8b5 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">(26.952)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a7 y3725 w8b6 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>26.952)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3727 w8b7 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls268 ws513\">C.3  Altre variazion<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a8 y3727 w8b8 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>2)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a9 y3727 w8b9 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>317)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9aa y3727 w8ba h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(319)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8bb h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls264 ws50e\">D.<span class=\"_ _0\"></span> Rimane<span class=\"_ _0\"></span>nze<span class=\"_ _0\"></span> finali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ab y345e w8bc h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ac y345e w8bd h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25.878<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ad y345e w8bd h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25.904<span class=\"_ _4ac\"> </span></div></td></tr></table>Il valore in<span class=\"_ _0\"></span>dicato nella sotto<span class=\"_ _0\"></span>voce \u201cB.1 Accanton<span class=\"_ _0\"></span>amento dell\u2019esercizio<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span></span>colonn<span class=\"_ _0\"></span>a Altri fondi per<span class=\"_ _4ac\"> </span>rischi ed oneri\u201d si riferisce pr<span class=\"_ _0\"></span>incipalmente ai valori corre<span class=\"_ _0\"></span>lati agli stanziamenti relativi alla<span class=\"_ _4ac\"> </span>prede<span class=\"_ _1\"></span>tta sti<span class=\"_ _1\"></span>ma del<span class=\"_ _1\"></span>l\u2019oner<span class=\"_ _1\"></span>e di r<span class=\"_ _1\"></span>emunera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>e del <span class=\"lsf ws1f\">pe<span class=\"_ _1c\"></span>rsonal<span class=\"_ _1\"></span>e acca<span class=\"_ _1c\"></span>ntonata<span class=\"_ _1c\"></span>.<span class=\"_ _4ac\"> </span></span>Nella sotto<span class=\"_ _0\"></span>voce \u201cC.1 Utilizzo nell\u2019esercizio <span class=\"ls1 ws1\">-  </span>co<span class=\"_ _0\"></span>lonna Altri fondi per rischi ed oner<span class=\"_ _0\"></span>i\u201d viene<span class=\"_ _4ac\"> </span>rappresentato<span class=\"_ _0\"></span> l\u2019utilizzo dei fo<span class=\"_ _0\"></span>ndi accantonati in per<span class=\"_ _0\"></span>iodi precedent<span class=\"_ _0\"></span>i (principalmente corre<span class=\"_ _0\"></span>lati ai<span class=\"_ _4ac\"> </span>costi di remuner<span class=\"_ _0\"></span>azione variabile del personale dipendete<span class=\"_ _0\"></span>/Amministratori relat<span class=\"_ _0\"></span>ivi all\u2019esercizio<span class=\"_ _4ac\"> </span>2024), mentre la s<span class=\"_ _0\"></span>ottovoce \u201cC.3 Altr<span class=\"_ _0\"></span>e variazioni\u201d si riferis<span class=\"_ _0\"></span>ce al rilascio a conte ec<span class=\"_ _0\"></span>onomico<span class=\"_ _4ac\"> </span>consolidato,<span class=\"_ _0\"></span> effettuato nell\u2019ese<span class=\"_ _0\"></span>rcizio, dei fondi in esubero ris<span class=\"_ _0\"></span>petto alla definizione delle<span class=\"_ _4ac\"> </span>obbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>zioni c<span class=\"_ _1c\"></span>he ne av<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>no de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>minato<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> <span class=\"ls31 ws5c\">l<span class=\"_ _0\"></span>\u2019accanton<span class=\"_ _0\"></span>amento.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-33": {
   "value": "Sezione 10 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Fo<span class=\"_ _0\"></span>ndi per ris<span class=\"_ _0\"></span>chi e<span class=\"_ _0\"></span> oneri </span>\u2013 </span>V<span class=\"_ _0\"></span>oce 100<span class=\"ls1 ws1\"> </span>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> \u201cF<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> ris<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>i\u201d:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w896 h486\" id=\"_80e73775-002f-4a8f-9ea9-094295542703\"><tr><td class=\"c x622 y371a w172 h1f5\"><div class=\"t m43 x24 h1f7 y1e29 ff2 fs50 fc0 sc0 ls25f ws506\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x987 y371b w173 h1f9\"><div class=\"t m44 x13f h1f6 y1e2b ff2 fs4f fc0 sc0 ls260 ws507\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td><td class=\"c x988 y371b w173 h1f9\"><div class=\"t m44 x13f h1f6 y1e2b ff2 fs4f fc0 sc0 ls260 ws507\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td></tr><tr><td></td><td class=\"c x987 y371b w173 h1f9\"><div class=\"t m44 x16 h1f6 y1e2c ff2 fs4f fc0 sc0 ls261 ws508\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025</div></td><td class=\"c x988 y371b w173 h1f9\"><div class=\"t m44 x16 h1f6 y1e2c ff2 fs4f fc0 sc0 ls261 ws508\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3715 w897 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">1. Fondi su im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>egni e garanz<span class=\"_ _0\"></span>ie rilasciat<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x989 y3715 w898 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">25<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98a y3715 w898 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">24<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3716 w899 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m44 x8aa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m44 x8ab h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">ltri f<span class=\"_ _0\"></span>ondi p<span class=\"_ _0\"></span>er ris<span class=\"_ _0\"></span>chi ed<span class=\"_ _0\"></span> oneri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98b y3716 w89a h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">25.879</div></td><td class=\"c x622 y371a w172 h1f5\"><div class=\"t m43 x136 h1f7 y1e30 ff2 fs50 fc0 sc0 ls1 ws1\"> <span class=\"_ _260\"> </span><span class=\"ls262 ws50a\">27.<span class=\"_ _0\"></span>667<span class=\"_ _31b\"></span><span class=\"ls1 ws50b\">            <span class=\"ws1\"> </span></span></span></div></td></tr><tr><td class=\"c x98c y3717 w89b h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls263 ws50c\">3.<span class=\"_ _1\"></span>1 controversie legali e fis<span class=\"_ _0\"></span>cali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98d y3717 w82f h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">234<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98e y3717 w89c h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">539<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x98c y3718 w89d h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls263 ws50c\">3.<span class=\"_ _1\"></span>2 on<span class=\"_ _1\"></span>eri per<span class=\"_ _1\"></span> il personale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98f y3718 w89e h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">25.645<span class=\"_ _4ac\"> </span></div></td><td class=\"c x990 y3718 w89e h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">27.128<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3719 w89f h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls25f ws506\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x991 y3719 w8a0 h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls262 ws50a\">25.904<span class=\"_ _4ac\"> </span></div></td><td class=\"c x992 y3719 w8a1 h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls262 ws50a\">27.<span class=\"_ _0\"></span>691<span class=\"_ _4ac\"> </span></div></td></tr></table>La v<span class=\"_ _1\"></span>oce \u201c10<span class=\"_ _1\"></span>0 <span class=\"ls1 ws1\">- <span class=\"_ _13\"></span><span class=\"ls0 ws74\">Fondi per rischi e oneri\u201d presenta un saldo pari a circa Euro 25,9 milioni (Euro </span></span>27,7 mil<span class=\"_ _1\"></span>ioni al 31 dic<span class=\"_ _1c\"></span>embre 2024)<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>La so<span class=\"_ _1\"></span>ttovoc<span class=\"_ _1c\"></span>e \u201c3.2 oneri<span class=\"_ _1c\"></span> per il p<span class=\"_ _1\"></span>ersona<span class=\"_ _1\"></span>le\u201d com<span class=\"_ _1c\"></span>prende pri<span class=\"_ _1c\"></span>ncipalm<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> l\u2019acca<span class=\"_ _1\"></span>ntona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto dell<span class=\"_ _1c\"></span>a componente variabile della remun<span class=\"_ _0\"></span>erazione del personale dipendente e degli Amministratori del G<span class=\"_ _1\"></span>ruppo<span class=\"_ _1\"></span> Ani<span class=\"_ _1\"></span>ma di <span class=\"_ _1\"></span>comp<span class=\"_ _1\"></span>etenz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1c\"></span>o, per <span class=\"_ _1\"></span>un imp<span class=\"_ _1c\"></span>orto di ci<span class=\"_ _1c\"></span>rca Euro<span class=\"_ _1\"></span> 2<span class=\"ls0 ws8b\">5,6 milioni (in </span>contro<span class=\"_ _0\"></span>parti<span class=\"_ _0\"></span>ta de<span class=\"_ _0\"></span>lla voce d<span class=\"_ _0\"></span>i conto<span class=\"_ _0\"></span> economi<span class=\"_ _0\"></span>co \u201c140 <span class=\"ls1 ws1\">-  <span class=\"ls1c ws1d3\">Spese a<span class=\"_ _1\"></span>mmini<span class=\"_ _1\"></span>strativ<span class=\"_ _1c\"></span>e b) spese p<span class=\"_ _1\"></span>er il </span></span>pers<span class=\"_ _1\"></span>onale\u201d<span class=\"_ _1\"></span>), in <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>trazi<span class=\"_ _1\"></span>one di ci<span class=\"_ _1c\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,5 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni ri<span class=\"_ _1\"></span>spett<span class=\"_ _1\"></span>o al 31<span class=\"_ _1c\"></span> dicembr<span class=\"_ _1\"></span>e 20<span class=\"_ _1\"></span>24. <span class=\"ls1 ws1\"> </span>Con riferimento a tale sottovoc<span class=\"_ _0\"></span>e, in linea con quanto previsto dai p<span class=\"_ _1\"></span>rin<span class=\"_ _0\"></span>cipi contabili, \u00e8 stata effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>ta la m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>or s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span> del c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>o rileva<span class=\"_ _1c\"></span>ndo un<span class=\"_ _1\"></span> acca<span class=\"_ _1c\"></span>ntoname<span class=\"_ _1c\"></span>nto a \u201cFo<span class=\"_ _1c\"></span>ndo ris<span class=\"_ _1\"></span>chi <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws76\">altr<span class=\"_ _0\"></span>i fondi </span></span>per ri<span class=\"_ _1\"></span>schi<span class=\"_ _1c\"></span> e oneri\u201d<span class=\"_ _1c\"></span> e iscri<span class=\"_ _1c\"></span>vendo l<span class=\"_ _1\"></span>e nec<span class=\"_ _1c\"></span>essarie<span class=\"_ _1\"></span> impos<span class=\"_ _1c\"></span>te antici<span class=\"_ _1\"></span>pate<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"ls31 ws96\">s<span class=\"_ _1\"></span>ul v<span class=\"_ _0\"></span>alore acc<span class=\"_ _0\"></span>antonato<span class=\"_ _0\"></span>, come in </span></span>prec<span class=\"_ _1\"></span>edenz<span class=\"_ _1\"></span>a ill<span class=\"_ _1c\"></span>ustrato<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>Per i c<span class=\"_ _1\"></span>omparti<span class=\"_ _1\"></span> del f<span class=\"_ _1\"></span>ondo pen<span class=\"_ _1\"></span>sione ap<span class=\"_ _1c\"></span>erto Arti<span class=\"_ _1\"></span> &amp; Mesti<span class=\"_ _1\"></span>eri \u201cGa<span class=\"_ _1\"></span>ranzia<span class=\"_ _1c\"></span> 1+\u201d ed \u201cIn<span class=\"_ _1\"></span>creme<span class=\"_ _1\"></span>nto e Garanzia 5+\u201d, nonch\u00e9 p<span class=\"_ _1\"></span>er il comparto \u201cLinea Garantita\u201d del fondo pensione<span class=\"_ _1\"></span> negoziale \u201cExtenso\u201d ricevuto<span class=\"_ _0\"></span> in delega, Anima SGR fornis<span class=\"_ _0\"></span>ce garanzia ai sottosc<span class=\"_ _0\"></span>rittori circa la<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls31 wsba\">co<span class=\"_ _0\"></span>rrespon<span class=\"_ _0\"></span>sione d<span class=\"_ _0\"></span>i un </span></span>impo<span class=\"_ _1\"></span>rto mi<span class=\"_ _1\"></span>nimo<span class=\"_ _1\"></span>, pari<span class=\"_ _1\"></span> a q<span class=\"_ _1\"></span>uanto s<span class=\"_ _1c\"></span>ottoscri<span class=\"_ _1\"></span>tto d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>\u2019adere<span class=\"_ _1\"></span>nte, i<span class=\"_ _1\"></span>ndip<span class=\"_ _1\"></span>ende<span class=\"_ _1\"></span>nteme<span class=\"_ _1\"></span>nte d<span class=\"_ _1\"></span>ai ris<span class=\"_ _1c\"></span>ultati di<span class=\"_ _1\"></span> ge<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne.<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Al 3<span class=\"_ _1\"></span>1 dice<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2025,<span class=\"_ _1\"></span> si \u00e8<span class=\"_ _1\"></span> resa<span class=\"_ _1\"></span> neces<span class=\"_ _1\"></span>saria<span class=\"_ _1\"></span> un\u2019in<span class=\"_ _1\"></span>tegraz<span class=\"_ _1\"></span>ione a<span class=\"_ _1c\"></span> fronte d<span class=\"_ _1c\"></span>ella gara<span class=\"_ _1\"></span>nzia p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ta dai<span class=\"_ _1c\"></span> comp<span class=\"_ _1\"></span>arti p<span class=\"_ _1\"></span>er Euro <span class=\"_ _1c\"></span>2.486 per il<span class=\"_ _1\"></span> Fond<span class=\"_ _1\"></span>o Pensi<span class=\"_ _1c\"></span>one Ap<span class=\"_ _1\"></span>erto \u201cA<span class=\"_ _1\"></span>rti &amp; M<span class=\"_ _1\"></span>estie<span class=\"_ _1\"></span>ri\u201d, m<span class=\"_ _1\"></span>entre p<span class=\"_ _1c\"></span>er il fond<span class=\"_ _1\"></span>o pensi<span class=\"_ _1c\"></span>one neg<span class=\"_ _1\"></span>ozia<span class=\"_ _1\"></span>le \u201cE<span class=\"_ _1\"></span>xtens<span class=\"_ _1c\"></span>o\u201d non <span class=\"_ _1\"></span>\u00e8 sta<span class=\"_ _1\"></span>ta eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>uata a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>na in<span class=\"_ _1\"></span>tegra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne; ta<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>nfo<span class=\"_ _1\"></span>rmazi<span class=\"_ _1\"></span>one \u00e8<span class=\"_ _1c\"></span> compresa nella comunicazione che viene inviata a Banca d\u2019Italia da Anima SGR relativa al \u201cPatrimonio di Vigilan<span class=\"_ _0\"></span>za e ai requisiti patrimoniali a su<span class=\"_ _0\"></span>pporto della garanzia sul capit<span class=\"_ _0\"></span>ale offerta dai<span class=\"_ _1\"></span> compa<span class=\"_ _1\"></span>rti g<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>ntiti d<span class=\"_ _1c\"></span>ei fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>one g<span class=\"ls2f ws58\">est<span class=\"_ _0\"></span>iti\u201d<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span>Anima SGR ha definito i criteri e le procedure adottate per la determinazione de<span class=\"_ _0\"></span>gli impegni<span class=\"_ _4ac\"> </span> assunti nell\u2019<span class=\"_ _0\"></span>apposita politica \u201cC<span class=\"_ _0\"></span>riteri e proce<span class=\"_ _0\"></span>dure per la determ<span class=\"_ _0\"></span>inazione degli impegn<span class=\"_ _0\"></span>i assunti<span class=\"_ _4ac\"> </span> per la ges<span class=\"_ _0\"></span>tione di fondi pen<span class=\"_ _0\"></span>sione accom<span class=\"_ _0\"></span>pagnati dalla garan<span class=\"_ _0\"></span>zia di res<span class=\"ls0 ws15\">tituzione<span class=\"_ _0\"></span> del capit<span class=\"_ _0\"></span>ale\u201d.<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws15\"><span class=\"ls1 ws1\"> </span></span>La sopracitata polit<span class=\"_ _0\"></span>ica prevede che, per finalit\u00e0 di bilancio e di gestione del rischio, la funzione<span class=\"_ _4ac\"> </span> di Risk Management<span class=\"_ _0\"></span> determini la stima<span class=\"_ _0\"></span> degli <span class=\"_ _1\"></span>impe<span class=\"_ _0\"></span>gni assunti a fronte<span class=\"_ _0\"></span> delle garanzie di<span class=\"_ _4ac\"> </span> restitu<span class=\"_ _0\"></span>zione del capitale rilasciate da Anima SGR sulla base di un m<span class=\"ls30 ws134\">od<span class=\"_ _1c\"></span>ello, i<span class=\"_ _1\"></span>mple<span class=\"_ _1\"></span>mentat<span class=\"_ _1\"></span>o<span class=\"_ _4ac\"> </span></span><span class=\"ls30 ws134\"> </span>media<span class=\"_ _1c\"></span>nte un ap<span class=\"_ _1\"></span>posi<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>strum<span class=\"_ _1c\"></span>ento inf<span class=\"_ _1\"></span>ormati<span class=\"_ _1\"></span>co b<span class=\"_ _1\"></span>asato<span class=\"_ _1\"></span> su m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>e di s<span class=\"_ _1\"></span>imula<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> tipo<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> \u201cM<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>\u201d.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, l<span class=\"_ _1\"></span>o str<span class=\"_ _1\"></span>ument<span class=\"_ _1\"></span>o stima i<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ella g<span class=\"_ _1\"></span>aranzia<span class=\"_ _1\"></span> per og<span class=\"_ _1c\"></span>ni adere<span class=\"_ _1\"></span>nte co<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span> il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a<span class=\"_ _4ac\"> </span> riser<span class=\"_ _0\"></span>va prosp<span class=\"_ _0\"></span>ettiva. L<span class=\"_ _0\"></span>a valuta<span class=\"_ _0\"></span>zione \u00e8 imple<span class=\"_ _0\"></span>mentat<span class=\"_ _0\"></span>a come il valor<span class=\"_ _0\"></span>e della garan<span class=\"_ _0\"></span>zia pond<span class=\"_ _0\"></span>erato per<span class=\"_ _4ac\"> </span> la probabilit<span class=\"_ _0\"></span>\u00e0 di retrocedere la gar<span class=\"_ _0\"></span>anzia stessa entro<span class=\"_ _0\"></span> l\u2019orizzo<span class=\"lse ws113\">nte di r<span class=\"_ _0\"></span>iferimento.<span class=\"_ _0\"></span> La probabilit<span class=\"_ _0\"></span>\u00e0 di<span class=\"_ _4ac\"> </span></span><span class=\"lse ws113\"> </span>corrispon<span class=\"_ _0\"></span>dere la garanzia tiene conto della situazione iniziale degli aderent<span class=\"_ _0\"></span>i, della probabilit\u00e0<span class=\"_ _4ac\"> </span> di pensionamento, de<span class=\"_ _0\"></span>lla probabilit\u00e0 di morte o invalidit\u00e0, della probabilit\u00e0 di disoccupazione,<span class=\"_ _4ac\"> </span> della probabilit\u00e0 che si<span class=\"ls31 wsa9\">a r<span class=\"_ _0\"></span>ichiest<span class=\"_ _0\"></span>o il tras<span class=\"_ _0\"></span>ferimento de<span class=\"_ _0\"></span>lla posiz<span class=\"_ _0\"></span>ione ad altro<span class=\"_ _0\"></span> fondo o compart<span class=\"_ _0\"></span>o,<span class=\"_ _4ac\"> </span></span><span class=\"ls31 wsa9\"> </span>delle attese c<span class=\"_ _0\"></span>irca i nuovi aderenti e degli eventi che danno luogo alla corresponsione della<span class=\"_ _4ac\"> </span> garanzia pre<span class=\"_ _0\"></span>visti dai regolamenti dei fondi.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Per ciascuno scen<span class=\"_ _0\"></span>ario di riscatto, l\u2019applicativo prov<span class=\"_ _0\"></span>vede a simulare un elevato numero di scenari<span class=\"_ _4ac\"> </span> di possibili valori della quota del fondo (comunque non inferiore a n\u00b0 50.000), al fine di calcolare<span class=\"_ _4ac\"> </span> l\u2019ev<span class=\"_ _0\"></span>entuale impor<span class=\"_ _0\"></span>to che Anima<span class=\"_ _0\"></span> SGR sarebbe ten<span class=\"_ _0\"></span>uta a integr<span class=\"ls1c ws85\">are all\u2019<span class=\"_ _1\"></span>aderen<span class=\"_ _1\"></span>te. Ci<span class=\"_ _1\"></span>ascuno<span class=\"_ _1\"></span> scena<span class=\"_ _1\"></span>rio<span class=\"_ _4ac\"> </span></span><span class=\"ls1c ws85\"><span class=\"_ _1\"></span> </span>\u00e8 simulato tenendo conto del valore iniziale<span class=\"_ _0\"></span> della quota del fondo o della classe e della sua<span class=\"_ _4ac\"> </span> evol<span class=\"_ _1\"></span>uzion<span class=\"_ _1\"></span>e fu<span class=\"_ _1\"></span>tura, d<span class=\"_ _1\"></span>escri<span class=\"_ _1c\"></span>tta da <span class=\"_ _1\"></span>un Mo<span class=\"_ _1\"></span>to G<span class=\"_ _1\"></span>eomet<span class=\"_ _1\"></span>rico <span class=\"_ _1\"></span>Brow<span class=\"_ _1\"></span>niano p<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>metriz<span class=\"_ _1\"></span>zat<span class=\"_ _1\"></span>o con<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> rendimento e vo<span class=\"_ _0\"></span>latilit\u00e0 attesi del port<span class=\"_ _0\"></span>afoglio<span class=\"ls1 ws1\"> <span class=\"ls30 ws27\">del<span class=\"_ _1\"></span> fondo.<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls30 ws27\"><span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></span>Una volta calcolat<span class=\"_ _0\"></span>a la distribuzione delle possibili per<span class=\"_ _0\"></span>dite sull\u2019orizzont<span class=\"_ _0\"></span>e di riferimento, \u00e8 rilevato<span class=\"_ _4ac\"> </span> il 99,5<span class=\"ls1 ws1\">-<span class=\"ls1c ws2a\">esimo p<span class=\"_ _1\"></span>eggio<span class=\"_ _1\"></span>r perc<span class=\"_ _1\"></span>entile p<span class=\"_ _1c\"></span>er determi<span class=\"_ _1c\"></span>nare l\u2019imp<span class=\"_ _1\"></span>egno di<span class=\"_ _1\"></span> Anima<span class=\"_ _1\"></span> SGR a<span class=\"_ _1\"></span> front<span class=\"_ _1\"></span>e del ri<span class=\"_ _1\"></span>schio i<span class=\"_ _1c\"></span>n<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls1c ws2a\"> </span></span>analisi.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Dato l\u2019oriz<span class=\"_ _0\"></span>zonte temporale annuale e tenuto conto delle prassi contabili per le passivit\u00e0 che non<span class=\"_ _4ac\"> </span> superano i 12 mes<span class=\"_ _0\"></span>i, il valore degli impegni cos\u00ec stimato<span class=\"_ _0\"></span> non \u00e8 attualizzato.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 202<span class=\"_ _1c\"></span>5 l\u2019impeg<span class=\"_ _1\"></span>no cos\u00ec d<span class=\"_ _1\"></span>eter<span class=\"_ _1c\"></span>minato ris<span class=\"_ _1\"></span>ulta p<span class=\"_ _1\"></span>ari a ci<span class=\"_ _1\"></span>rca E<span class=\"_ _1\"></span>uro 25 mi<span class=\"_ _1\"></span>la, i<span class=\"_ _1\"></span>mpor<span class=\"_ _1\"></span>to che<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> viene ev<span class=\"_ _0\"></span>idenziato nella vo<span class=\"_ _0\"></span>ce \u201c1. Fondi <span class=\"_ _0\"></span>su impegni e <span class=\"_ _0\"></span>garanzie rilasc<span class=\"_ _0\"></span>iate\u201d della so<span class=\"_ _0\"></span>pra evidenziata<span class=\"_ _4ac\"> </span> tabella di com<span class=\"_ _0\"></span>posizione del Fondo per rischi ed oneri.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>I<span class=\"_ _4ac\"> </span>nfine, la sottovoce<span class=\"_ _0\"></span> \u201c3.1 controversie le<span class=\"_ _0\"></span>gali e fiscali\u201d, valor<span class=\"_ _0\"></span>izzata per circa Euro 0,5 m<span class=\"_ _0\"></span>ilioni,<span class=\"_ _4ac\"> </span> acc<span class=\"_ _0\"></span>oglie a<span class=\"_ _0\"></span>ccanto<span class=\"_ _0\"></span>nament<span class=\"_ _0\"></span>i per<span class=\"_ _0\"></span> vertenz<span class=\"_ _0\"></span>e varie<span class=\"_ _0\"></span>, compre<span class=\"_ _0\"></span>nsive de<span class=\"_ _0\"></span>lle cor<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate spes<span class=\"_ _0\"></span>e di consu<span class=\"_ _0\"></span>lenza<span class=\"_ _4ac\"> </span> legale e/o<span class=\"_ _0\"></span> fiscale.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Non s<span class=\"_ _1c\"></span>ono st<span class=\"_ _1\"></span>ati p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sti <span class=\"_ _1\"></span>accan<span class=\"_ _1c\"></span>toname<span class=\"_ _1c\"></span>nti per<span class=\"_ _1\"></span> caus<span class=\"_ _1\"></span>e nell<span class=\"_ _1c\"></span>e qual<span class=\"_ _1\"></span>i le<span class=\"_ _1\"></span> soci<span class=\"_ _1\"></span>et\u00e0 d<span class=\"_ _1c\"></span>el Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima<span class=\"_ _1c\"></span> sono<span class=\"_ _4ac\"> </span> chia<span class=\"_ _1\"></span>mate <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>espon<span class=\"_ _1\"></span>sabil<span class=\"_ _1\"></span>e ma <span class=\"_ _1\"></span>che, i<span class=\"_ _1c\"></span>n base a<span class=\"_ _1c\"></span> sentenz<span class=\"_ _1\"></span>e preg<span class=\"_ _1c\"></span>resse <span class=\"_ _1\"></span>per l<span class=\"_ _1\"></span>a ste<span class=\"_ _1\"></span>ssa ti<span class=\"_ _1\"></span>pol<span class=\"_ _1\"></span>ogia d<span class=\"_ _1c\"></span>i<span class=\"_ _4ac\"> </span> contenzio<span class=\"_ _0\"></span>so ovvero all\u2019opinione di consulenti terzi,<span class=\"_ _0\"></span> si ritiene non <span class=\"ls30 ws96\">comp<span class=\"_ _1\"></span>ortera<span class=\"_ _1c\"></span>nno oneri.<span class=\"_ _4ac\"> </span></span>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> \u201cF<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i d<span class=\"_ _13\"></span>i q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>ie<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>a az<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>ali\u201d e<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span> \u201c<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>tr<span class=\"_ _13\"></span>i f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>r r<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i e<span class=\"_ _11\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>i\u201d:<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>ariaz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w8a2 h487\" id=\"_785492fa-a499-48b5-aa9b-46b2bf43d24c\"><tr><td></td><td class=\"c x993 y371e w8a3 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">Fondi d<span class=\"_ _0\"></span>i q<span class=\"_ _0\"></span>uiescenz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x994 y371e w8a4 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls265 ws50f\">A<span class=\"_ _0\"></span>ltri f<span class=\"_ _0\"></span>ondi pe<span class=\"_ _0\"></span>r rischi ed<span class=\"_ _0\"></span> oneri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x995 y371e w8a5 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws510\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y371f w8a6 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls265 ws50f\">A.<span class=\"_ _0\"></span> Esiste<span class=\"_ _0\"></span>nze iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x996 y371f w8a7 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">24<span class=\"_ _4ac\"> </span></div></td><td class=\"c x997 y371f w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">27.<span class=\"_ _0\"></span>667</div></td><td class=\"t m46 x998 h1fb y3720 ff2 fs51 fc0 sc0 ls1 ws512\"> <span class=\"ls267 ws1e\">27.691<span class=\"_ _4ac\"> </span></span></td></tr><tr><td class=\"c x212 y3721 w8a9 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">B. Aum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x999 y3721 w8aa h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99a y3721 w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">25.<span class=\"_ _0\"></span>481<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99b y3721 w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">25.<span class=\"_ _0\"></span>484<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3722 w8ab h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">B.1  Acc<span class=\"_ _0\"></span>antonamento de<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99c y3722 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99d y3722 w8ad h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">25.481<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99e y3722 w8ad h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">25.481<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3723 w8ae h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">B.3 Variaz<span class=\"_ _1\"></span>ioni dovute<span class=\"_ _1\"></span> a modific<span class=\"_ _0\"></span>he del tasso di s<span class=\"_ _0\"></span>conto<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99f y3723 w8af h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a0 y3723 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a1 y3723 w8af h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3724 w8b0 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">C.<span class=\"_ _0\"></span> Dim<span class=\"_ _0\"></span>inuzioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a2 y3724 w8b1 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(2)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a3 y3724 w8b2 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(<span class=\"_ _0\"></span>27.<span class=\"_ _0\"></span>270)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a4 y3724 w8b3 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(<span class=\"_ _0\"></span>27.271)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3725 w8b4 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">C.1  Utilizzo de<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a5 y3725 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a6 y3725 w8b5 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">(26.952)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a7 y3725 w8b6 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>26.952)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3727 w8b7 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls268 ws513\">C.3  Altre variazion<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a8 y3727 w8b8 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>2)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a9 y3727 w8b9 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>317)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9aa y3727 w8ba h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(319)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8bb h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls264 ws50e\">D.<span class=\"_ _0\"></span> Rimane<span class=\"_ _0\"></span>nze<span class=\"_ _0\"></span> finali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ab y345e w8bc h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ac y345e w8bd h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25.878<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ad y345e w8bd h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25.904<span class=\"_ _4ac\"> </span></div></td></tr></table>Il valore in<span class=\"_ _0\"></span>dicato nella sotto<span class=\"_ _0\"></span>voce \u201cB.1 Accanton<span class=\"_ _0\"></span>amento dell\u2019esercizio<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span></span>colonn<span class=\"_ _0\"></span>a Altri fondi per<span class=\"_ _4ac\"> </span> rischi ed oneri\u201d si riferisce pr<span class=\"_ _0\"></span>incipalmente ai valori corre<span class=\"_ _0\"></span>lati agli stanziamenti relativi alla<span class=\"_ _4ac\"> </span> prede<span class=\"_ _1\"></span>tta sti<span class=\"_ _1\"></span>ma del<span class=\"_ _1\"></span>l\u2019oner<span class=\"_ _1\"></span>e di r<span class=\"_ _1\"></span>emunera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>e del <span class=\"lsf ws1f\">pe<span class=\"_ _1c\"></span>rsonal<span class=\"_ _1\"></span>e acca<span class=\"_ _1c\"></span>ntonata<span class=\"_ _1c\"></span>.<span class=\"_ _4ac\"> </span></span><span class=\"lsf ws1f\"><span class=\"ls1 ws1\"> </span></span>Nella sotto<span class=\"_ _0\"></span>voce \u201cC.1 Utilizzo nell\u2019esercizio <span class=\"ls1 ws1\">-  </span>co<span class=\"_ _0\"></span>lonna Altri fondi per rischi ed oner<span class=\"_ _0\"></span>i\u201d viene<span class=\"_ _4ac\"> </span> rappresentato<span class=\"_ _0\"></span> l\u2019utilizzo dei fo<span class=\"_ _0\"></span>ndi accantonati in per<span class=\"_ _0\"></span>iodi precedent<span class=\"_ _0\"></span>i (principalmente corre<span class=\"_ _0\"></span>lati ai<span class=\"_ _4ac\"> </span> costi di remuner<span class=\"_ _0\"></span>azione variabile del personale dipendete<span class=\"_ _0\"></span>/Amministratori relat<span class=\"_ _0\"></span>ivi all\u2019esercizio<span class=\"_ _4ac\"> </span> 2024), mentre la s<span class=\"_ _0\"></span>ottovoce \u201cC.3 Altr<span class=\"_ _0\"></span>e variazioni\u201d si riferis<span class=\"_ _0\"></span>ce al rilascio a conte ec<span class=\"_ _0\"></span>onomico<span class=\"_ _4ac\"> </span> consolidato,<span class=\"_ _0\"></span> effettuato nell\u2019ese<span class=\"_ _0\"></span>rcizio, dei fondi in esubero ris<span class=\"_ _0\"></span>petto alla definizione delle<span class=\"_ _4ac\"> </span> obbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>zioni c<span class=\"_ _1c\"></span>he ne av<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>no de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>minato<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> <span class=\"ls31 ws5c\">l<span class=\"_ _0\"></span>\u2019accanton<span class=\"_ _0\"></span>amento.</span></span><span class=\"ls1 ws1\"><span class=\"ls31 ws5c\"><span class=\"_ _0\"></span></span> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfClaimsAndBenefitsPaidExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-677": {
   "value": "Sezione 10 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Fo<span class=\"_ _0\"></span>ndi per ris<span class=\"_ _0\"></span>chi e<span class=\"_ _0\"></span> oneri </span>\u2013 </span>V<span class=\"_ _0\"></span>oce 100<span class=\"ls1 ws1\"> </span>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> \u201cF<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> ris<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>i\u201d:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w896 h486\" id=\"_80e73775-002f-4a8f-9ea9-094295542703\"><tr><td class=\"c x622 y371a w172 h1f5\"><div class=\"t m43 x24 h1f7 y1e29 ff2 fs50 fc0 sc0 ls25f ws506\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x987 y371b w173 h1f9\"><div class=\"t m44 x13f h1f6 y1e2b ff2 fs4f fc0 sc0 ls260 ws507\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td><td class=\"c x988 y371b w173 h1f9\"><div class=\"t m44 x13f h1f6 y1e2b ff2 fs4f fc0 sc0 ls260 ws507\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td></tr><tr><td></td><td class=\"c x987 y371b w173 h1f9\"><div class=\"t m44 x16 h1f6 y1e2c ff2 fs4f fc0 sc0 ls261 ws508\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025</div></td><td class=\"c x988 y371b w173 h1f9\"><div class=\"t m44 x16 h1f6 y1e2c ff2 fs4f fc0 sc0 ls261 ws508\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3715 w897 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">1. Fondi su im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>egni e garanz<span class=\"_ _0\"></span>ie rilasciat<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x989 y3715 w898 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">25<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98a y3715 w898 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">24<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3716 w899 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m44 x8aa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m44 x8ab h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">ltri f<span class=\"_ _0\"></span>ondi p<span class=\"_ _0\"></span>er ris<span class=\"_ _0\"></span>chi ed<span class=\"_ _0\"></span> oneri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98b y3716 w89a h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">25.879</div></td><td class=\"c x622 y371a w172 h1f5\"><div class=\"t m43 x136 h1f7 y1e30 ff2 fs50 fc0 sc0 ls1 ws1\"> <span class=\"_ _260\"> </span><span class=\"ls262 ws50a\">27.<span class=\"_ _0\"></span>667<span class=\"_ _31b\"></span><span class=\"ls1 ws50b\">            <span class=\"ws1\"> </span></span></span></div></td></tr><tr><td class=\"c x98c y3717 w89b h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls263 ws50c\">3.<span class=\"_ _1\"></span>1 controversie legali e fis<span class=\"_ _0\"></span>cali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98d y3717 w82f h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">234<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98e y3717 w89c h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">539<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x98c y3718 w89d h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls263 ws50c\">3.<span class=\"_ _1\"></span>2 on<span class=\"_ _1\"></span>eri per<span class=\"_ _1\"></span> il personale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98f y3718 w89e h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">25.645<span class=\"_ _4ac\"> </span></div></td><td class=\"c x990 y3718 w89e h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">27.128<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3719 w89f h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls25f ws506\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x991 y3719 w8a0 h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls262 ws50a\">25.904<span class=\"_ _4ac\"> </span></div></td><td class=\"c x992 y3719 w8a1 h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls262 ws50a\">27.<span class=\"_ _0\"></span>691<span class=\"_ _4ac\"> </span></div></td></tr></table>La v<span class=\"_ _1\"></span>oce \u201c10<span class=\"_ _1\"></span>0 <span class=\"ls1 ws1\">- <span class=\"_ _13\"></span><span class=\"ls0 ws74\">Fondi per rischi e oneri\u201d presenta un saldo pari a circa Euro 25,9 milioni (Euro </span></span>27,7 mil<span class=\"_ _1\"></span>ioni al 31 dic<span class=\"_ _1c\"></span>embre 2024)<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>La so<span class=\"_ _1\"></span>ttovoc<span class=\"_ _1c\"></span>e \u201c3.2 oneri<span class=\"_ _1c\"></span> per il p<span class=\"_ _1\"></span>ersona<span class=\"_ _1\"></span>le\u201d com<span class=\"_ _1c\"></span>prende pri<span class=\"_ _1c\"></span>ncipalm<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> l\u2019acca<span class=\"_ _1\"></span>ntona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto dell<span class=\"_ _1c\"></span>a componente variabile della remun<span class=\"_ _0\"></span>erazione del personale dipendente e degli Amministratori del G<span class=\"_ _1\"></span>ruppo<span class=\"_ _1\"></span> Ani<span class=\"_ _1\"></span>ma di <span class=\"_ _1\"></span>comp<span class=\"_ _1\"></span>etenz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1c\"></span>o, per <span class=\"_ _1\"></span>un imp<span class=\"_ _1c\"></span>orto di ci<span class=\"_ _1c\"></span>rca Euro<span class=\"_ _1\"></span> 2<span class=\"ls0 ws8b\">5,6 milioni (in </span>contro<span class=\"_ _0\"></span>parti<span class=\"_ _0\"></span>ta de<span class=\"_ _0\"></span>lla voce d<span class=\"_ _0\"></span>i conto<span class=\"_ _0\"></span> economi<span class=\"_ _0\"></span>co \u201c140 <span class=\"ls1 ws1\">-  <span class=\"ls1c ws1d3\">Spese a<span class=\"_ _1\"></span>mmini<span class=\"_ _1\"></span>strativ<span class=\"_ _1c\"></span>e b) spese p<span class=\"_ _1\"></span>er il </span></span>pers<span class=\"_ _1\"></span>onale\u201d<span class=\"_ _1\"></span>), in <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>trazi<span class=\"_ _1\"></span>one di ci<span class=\"_ _1c\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,5 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni ri<span class=\"_ _1\"></span>spett<span class=\"_ _1\"></span>o al 31<span class=\"_ _1c\"></span> dicembr<span class=\"_ _1\"></span>e 20<span class=\"_ _1\"></span>24. <span class=\"ls1 ws1\"> </span>Con riferimento a tale sottovoc<span class=\"_ _0\"></span>e, in linea con quanto previsto dai p<span class=\"_ _1\"></span>rin<span class=\"_ _0\"></span>cipi contabili, \u00e8 stata effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>ta la m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>or s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span> del c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>o rileva<span class=\"_ _1c\"></span>ndo un<span class=\"_ _1\"></span> acca<span class=\"_ _1c\"></span>ntoname<span class=\"_ _1c\"></span>nto a \u201cFo<span class=\"_ _1c\"></span>ndo ris<span class=\"_ _1\"></span>chi <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws76\">altr<span class=\"_ _0\"></span>i fondi </span></span>per ri<span class=\"_ _1\"></span>schi<span class=\"_ _1c\"></span> e oneri\u201d<span class=\"_ _1c\"></span> e iscri<span class=\"_ _1c\"></span>vendo l<span class=\"_ _1\"></span>e nec<span class=\"_ _1c\"></span>essarie<span class=\"_ _1\"></span> impos<span class=\"_ _1c\"></span>te antici<span class=\"_ _1\"></span>pate<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"ls31 ws96\">s<span class=\"_ _1\"></span>ul v<span class=\"_ _0\"></span>alore acc<span class=\"_ _0\"></span>antonato<span class=\"_ _0\"></span>, come in </span></span>prec<span class=\"_ _1\"></span>edenz<span class=\"_ _1\"></span>a ill<span class=\"_ _1c\"></span>ustrato<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>Per i c<span class=\"_ _1\"></span>omparti<span class=\"_ _1\"></span> del f<span class=\"_ _1\"></span>ondo pen<span class=\"_ _1\"></span>sione ap<span class=\"_ _1c\"></span>erto Arti<span class=\"_ _1\"></span> &amp; Mesti<span class=\"_ _1\"></span>eri \u201cGa<span class=\"_ _1\"></span>ranzia<span class=\"_ _1c\"></span> 1+\u201d ed \u201cIn<span class=\"_ _1\"></span>creme<span class=\"_ _1\"></span>nto e Garanzia 5+\u201d, nonch\u00e9 p<span class=\"_ _1\"></span>er il comparto \u201cLinea Garantita\u201d del fondo pensione<span class=\"_ _1\"></span> negoziale \u201cExtenso\u201d ricevuto<span class=\"_ _0\"></span> in delega, Anima SGR fornis<span class=\"_ _0\"></span>ce garanzia ai sottosc<span class=\"_ _0\"></span>rittori circa la<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls31 wsba\">co<span class=\"_ _0\"></span>rrespon<span class=\"_ _0\"></span>sione d<span class=\"_ _0\"></span>i un </span></span>impo<span class=\"_ _1\"></span>rto mi<span class=\"_ _1\"></span>nimo<span class=\"_ _1\"></span>, pari<span class=\"_ _1\"></span> a q<span class=\"_ _1\"></span>uanto s<span class=\"_ _1c\"></span>ottoscri<span class=\"_ _1\"></span>tto d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>\u2019adere<span class=\"_ _1\"></span>nte, i<span class=\"_ _1\"></span>ndip<span class=\"_ _1\"></span>ende<span class=\"_ _1\"></span>nteme<span class=\"_ _1\"></span>nte d<span class=\"_ _1\"></span>ai ris<span class=\"_ _1c\"></span>ultati di<span class=\"_ _1\"></span> ge<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne.<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Al 3<span class=\"_ _1\"></span>1 dice<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2025,<span class=\"_ _1\"></span> si \u00e8<span class=\"_ _1\"></span> resa<span class=\"_ _1\"></span> neces<span class=\"_ _1\"></span>saria<span class=\"_ _1\"></span> un\u2019in<span class=\"_ _1\"></span>tegraz<span class=\"_ _1\"></span>ione a<span class=\"_ _1c\"></span> fronte d<span class=\"_ _1c\"></span>ella gara<span class=\"_ _1\"></span>nzia p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ta dai<span class=\"_ _1c\"></span> comp<span class=\"_ _1\"></span>arti p<span class=\"_ _1\"></span>er Euro <span class=\"_ _1c\"></span>2.486 per il<span class=\"_ _1\"></span> Fond<span class=\"_ _1\"></span>o Pensi<span class=\"_ _1c\"></span>one Ap<span class=\"_ _1\"></span>erto \u201cA<span class=\"_ _1\"></span>rti &amp; M<span class=\"_ _1\"></span>estie<span class=\"_ _1\"></span>ri\u201d, m<span class=\"_ _1\"></span>entre p<span class=\"_ _1c\"></span>er il fond<span class=\"_ _1\"></span>o pensi<span class=\"_ _1c\"></span>one neg<span class=\"_ _1\"></span>ozia<span class=\"_ _1\"></span>le \u201cE<span class=\"_ _1\"></span>xtens<span class=\"_ _1c\"></span>o\u201d non <span class=\"_ _1\"></span>\u00e8 sta<span class=\"_ _1\"></span>ta eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>uata a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>na in<span class=\"_ _1\"></span>tegra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne; ta<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>nfo<span class=\"_ _1\"></span>rmazi<span class=\"_ _1\"></span>one \u00e8<span class=\"_ _1c\"></span> compresa nella comunicazione che viene inviata a Banca d\u2019Italia da Anima SGR relativa al \u201cPatrimonio di Vigilan<span class=\"_ _0\"></span>za e ai requisiti patrimoniali a su<span class=\"_ _0\"></span>pporto della garanzia sul capit<span class=\"_ _0\"></span>ale offerta dai<span class=\"_ _1\"></span> compa<span class=\"_ _1\"></span>rti g<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>ntiti d<span class=\"_ _1c\"></span>ei fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>one g<span class=\"ls2f ws58\">est<span class=\"_ _0\"></span>iti\u201d<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs7b3\">Anima SGR ha definito i criteri e le procedure adottate per la determinazione de<span class=\"_ _0\"></span>gli impegni<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs7b4\">assunti nell\u2019<span class=\"_ _0\"></span>apposita politica \u201cC<span class=\"_ _0\"></span>riteri e proce<span class=\"_ _0\"></span>dure per la determ<span class=\"_ _0\"></span>inazione degli impegn<span class=\"_ _0\"></span>i assunti<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs7b5\">per la ges<span class=\"_ _0\"></span>tione di fondi pen<span class=\"_ _0\"></span>sione accom<span class=\"_ _0\"></span>pagnati dalla garan<span class=\"_ _0\"></span>zia di res<span class=\"ls0 ws15\">tituzione<span class=\"_ _0\"></span> del capit<span class=\"_ _0\"></span>ale\u201d.<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws15\"><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs7b6\">La sopracitata polit<span class=\"_ _0\"></span>ica prevede che, per finalit\u00e0 di bilancio e di gestione del rischio, la funzione<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws97 gs7b7\">di Risk Management<span class=\"_ _0\"></span> determini la stima<span class=\"_ _0\"></span> degli <span class=\"_ _1\"></span>impe<span class=\"_ _0\"></span>gni assunti a fronte<span class=\"_ _0\"></span> delle garanzie di<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsd5 gs7b8\">restitu<span class=\"_ _0\"></span>zione del capitale rilasciate da Anima SGR sulla base di un m<span class=\"ls30 ws134\">od<span class=\"_ _1c\"></span>ello, i<span class=\"_ _1\"></span>mple<span class=\"_ _1\"></span>mentat<span class=\"_ _1\"></span>o<span class=\"_ _4ac\"> </span></span><span class=\"ls30 ws134\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsf6 gs7b9\">media<span class=\"_ _1c\"></span>nte un ap<span class=\"_ _1\"></span>posi<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>strum<span class=\"_ _1c\"></span>ento inf<span class=\"_ _1\"></span>ormati<span class=\"_ _1\"></span>co b<span class=\"_ _1\"></span>asato<span class=\"_ _1\"></span> su m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>e di s<span class=\"_ _1\"></span>imula<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> tipo<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls32 ws58 gs7ba\">\u201cM<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>\u201d.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gs7bb\">In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, l<span class=\"_ _1\"></span>o str<span class=\"_ _1\"></span>ument<span class=\"_ _1\"></span>o stima i<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ella g<span class=\"_ _1\"></span>aranzia<span class=\"_ _1\"></span> per og<span class=\"_ _1c\"></span>ni adere<span class=\"_ _1\"></span>nte co<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span> il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws27 gs7bc\">riser<span class=\"_ _0\"></span>va prosp<span class=\"_ _0\"></span>ettiva. L<span class=\"_ _0\"></span>a valuta<span class=\"_ _0\"></span>zione \u00e8 imple<span class=\"_ _0\"></span>mentat<span class=\"_ _0\"></span>a come il valor<span class=\"_ _0\"></span>e della garan<span class=\"_ _0\"></span>zia pond<span class=\"_ _0\"></span>erato per<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs7bd\">la probabilit<span class=\"_ _0\"></span>\u00e0 di retrocedere la gar<span class=\"_ _0\"></span>anzia stessa entro<span class=\"_ _0\"></span> l\u2019orizzo<span class=\"lse ws113\">nte di r<span class=\"_ _0\"></span>iferimento.<span class=\"_ _0\"></span> La probabilit<span class=\"_ _0\"></span>\u00e0 di<span class=\"_ _4ac\"> </span></span><span class=\"lse ws113\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs7be\">corrispon<span class=\"_ _0\"></span>dere la garanzia tiene conto della situazione iniziale degli aderent<span class=\"_ _0\"></span>i, della probabilit\u00e0<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs7bf\">di pensionamento, de<span class=\"_ _0\"></span>lla probabilit\u00e0 di morte o invalidit\u00e0, della probabilit\u00e0 di disoccupazione,<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs7c0\">della probabilit\u00e0 che si<span class=\"ls31 wsa9\">a r<span class=\"_ _0\"></span>ichiest<span class=\"_ _0\"></span>o il tras<span class=\"_ _0\"></span>ferimento de<span class=\"_ _0\"></span>lla posiz<span class=\"_ _0\"></span>ione ad altro<span class=\"_ _0\"></span> fondo o compart<span class=\"_ _0\"></span>o,<span class=\"_ _4ac\"> </span></span><span class=\"ls31 wsa9\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs7c1\">delle attese c<span class=\"_ _0\"></span>irca i nuovi aderenti e degli eventi che danno luogo alla corresponsione della<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs7c2\">garanzia pre<span class=\"_ _0\"></span>visti dai regolamenti dei fondi.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs7c3\">Per ciascuno scen<span class=\"_ _0\"></span>ario di riscatto, l\u2019applicativo prov<span class=\"_ _0\"></span>vede a simulare un elevato numero di scenari<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs7c4\">di possibili valori della quota del fondo (comunque non inferiore a n\u00b0 50.000), al fine di calcolare<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws6b gs7c5\">l\u2019ev<span class=\"_ _0\"></span>entuale impor<span class=\"_ _0\"></span>to che Anima<span class=\"_ _0\"></span> SGR sarebbe ten<span class=\"_ _0\"></span>uta a integr<span class=\"ls1c ws85\">are all\u2019<span class=\"_ _1\"></span>aderen<span class=\"_ _1\"></span>te. Ci<span class=\"_ _1\"></span>ascuno<span class=\"_ _1\"></span> scena<span class=\"_ _1\"></span>rio<span class=\"_ _4ac\"> </span></span><span class=\"ls1c ws85\"><span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs7c6\">\u00e8 simulato tenendo conto del valore iniziale<span class=\"_ _0\"></span> della quota del fondo o della classe e della sua<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws50d gs132\">evol<span class=\"_ _1\"></span>uzion<span class=\"_ _1\"></span>e fu<span class=\"_ _1\"></span>tura, d<span class=\"_ _1\"></span>escri<span class=\"_ _1c\"></span>tta da <span class=\"_ _1\"></span>un Mo<span class=\"_ _1\"></span>to G<span class=\"_ _1\"></span>eomet<span class=\"_ _1\"></span>rico <span class=\"_ _1\"></span>Brow<span class=\"_ _1\"></span>niano p<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>metriz<span class=\"_ _1\"></span>zat<span class=\"_ _1\"></span>o con<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs133\">rendimento e vo<span class=\"_ _0\"></span>latilit\u00e0 attesi del port<span class=\"_ _0\"></span>afoglio<span class=\"ls1 ws1\"> <span class=\"ls30 ws27\">del<span class=\"_ _1\"></span> fondo.<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls30 ws27\"><span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs134\">Una volta calcolat<span class=\"_ _0\"></span>a la distribuzione delle possibili per<span class=\"_ _0\"></span>dite sull\u2019orizzont<span class=\"_ _0\"></span>e di riferimento, \u00e8 rilevato<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs7c7\">il 99,5<span class=\"ls1 ws1\">-<span class=\"ls1c ws2a\">esimo p<span class=\"_ _1\"></span>eggio<span class=\"_ _1\"></span>r perc<span class=\"_ _1\"></span>entile p<span class=\"_ _1c\"></span>er determi<span class=\"_ _1c\"></span>nare l\u2019imp<span class=\"_ _1\"></span>egno di<span class=\"_ _1\"></span> Anima<span class=\"_ _1\"></span> SGR a<span class=\"_ _1\"></span> front<span class=\"_ _1\"></span>e del ri<span class=\"_ _1\"></span>schio i<span class=\"_ _1c\"></span>n<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls1c ws2a\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs136\">analisi.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs7c8\">Dato l\u2019oriz<span class=\"_ _0\"></span>zonte temporale annuale e tenuto conto delle prassi contabili per le passivit\u00e0 che non<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs138\">superano i 12 mes<span class=\"_ _0\"></span>i, il valore degli impegni cos\u00ec stimato<span class=\"_ _0\"></span> non \u00e8 attualizzato.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws84 gs7c9\">Al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 202<span class=\"_ _1c\"></span>5 l\u2019impeg<span class=\"_ _1\"></span>no cos\u00ec d<span class=\"_ _1\"></span>eter<span class=\"_ _1c\"></span>minato ris<span class=\"_ _1\"></span>ulta p<span class=\"_ _1\"></span>ari a ci<span class=\"_ _1\"></span>rca E<span class=\"_ _1\"></span>uro 25 mi<span class=\"_ _1\"></span>la, i<span class=\"_ _1\"></span>mpor<span class=\"_ _1\"></span>to che<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs13a\">viene ev<span class=\"_ _0\"></span>idenziato nella vo<span class=\"_ _0\"></span>ce \u201c1. Fondi <span class=\"_ _0\"></span>su impegni e <span class=\"_ _0\"></span>garanzie rilasc<span class=\"_ _0\"></span>iate\u201d della so<span class=\"_ _0\"></span>pra evidenziata<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs7ca\">tabella di com<span class=\"_ _0\"></span>posizione del Fondo per rischi ed oneri.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gs7cb\">I<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gs7cc\">nfine, la sottovoce<span class=\"_ _0\"></span> \u201c3.1 controversie le<span class=\"_ _0\"></span>gali e fiscali\u201d, valor<span class=\"_ _0\"></span>izzata per circa Euro 0,5 m<span class=\"_ _0\"></span>ilioni,<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws7b gs7cd\">acc<span class=\"_ _0\"></span>oglie a<span class=\"_ _0\"></span>ccanto<span class=\"_ _0\"></span>nament<span class=\"_ _0\"></span>i per<span class=\"_ _0\"></span> vertenz<span class=\"_ _0\"></span>e varie<span class=\"_ _0\"></span>, compre<span class=\"_ _0\"></span>nsive de<span class=\"_ _0\"></span>lle cor<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate spes<span class=\"_ _0\"></span>e di consu<span class=\"_ _0\"></span>lenza<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs7ce\">legale e/o<span class=\"_ _0\"></span> fiscale.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs140\">Non s<span class=\"_ _1c\"></span>ono st<span class=\"_ _1\"></span>ati p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sti <span class=\"_ _1\"></span>accan<span class=\"_ _1c\"></span>toname<span class=\"_ _1c\"></span>nti per<span class=\"_ _1\"></span> caus<span class=\"_ _1\"></span>e nell<span class=\"_ _1c\"></span>e qual<span class=\"_ _1\"></span>i le<span class=\"_ _1\"></span> soci<span class=\"_ _1\"></span>et\u00e0 d<span class=\"_ _1c\"></span>el Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima<span class=\"_ _1c\"></span> sono<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gs7cf\">chia<span class=\"_ _1\"></span>mate <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>espon<span class=\"_ _1\"></span>sabil<span class=\"_ _1\"></span>e ma <span class=\"_ _1\"></span>che, i<span class=\"_ _1c\"></span>n base a<span class=\"_ _1c\"></span> sentenz<span class=\"_ _1\"></span>e preg<span class=\"_ _1c\"></span>resse <span class=\"_ _1\"></span>per l<span class=\"_ _1\"></span>a ste<span class=\"_ _1\"></span>ssa ti<span class=\"_ _1\"></span>pol<span class=\"_ _1\"></span>ogia d<span class=\"_ _1c\"></span>i<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs7d0\">contenzio<span class=\"_ _0\"></span>so ovvero all\u2019opinione di consulenti terzi,<span class=\"_ _0\"></span> si ritiene non <span class=\"ls30 ws96\">comp<span class=\"_ _1\"></span>ortera<span class=\"_ _1c\"></span>nno oneri.<span class=\"_ _4ac\"> </span></span><span class=\"ls30 ws96\"><span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></div>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> \u201cF<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i d<span class=\"_ _13\"></span>i q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>ie<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>a az<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>ali\u201d e<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span> \u201c<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>tr<span class=\"_ _13\"></span>i f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>r r<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i e<span class=\"_ _11\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>i\u201d:<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>ariaz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w8a2 h487\" id=\"_785492fa-a499-48b5-aa9b-46b2bf43d24c\"><tr><td></td><td class=\"c x993 y371e w8a3 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">Fondi d<span class=\"_ _0\"></span>i q<span class=\"_ _0\"></span>uiescenz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x994 y371e w8a4 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls265 ws50f\">A<span class=\"_ _0\"></span>ltri f<span class=\"_ _0\"></span>ondi pe<span class=\"_ _0\"></span>r rischi ed<span class=\"_ _0\"></span> oneri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x995 y371e w8a5 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws510\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y371f w8a6 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls265 ws50f\">A.<span class=\"_ _0\"></span> Esiste<span class=\"_ _0\"></span>nze iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x996 y371f w8a7 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">24<span class=\"_ _4ac\"> </span></div></td><td class=\"c x997 y371f w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">27.<span class=\"_ _0\"></span>667</div></td><td class=\"t m46 x998 h1fb y3720 ff2 fs51 fc0 sc0 ls1 ws512\"> <span class=\"ls267 ws1e\">27.691<span class=\"_ _4ac\"> </span></span></td></tr><tr><td class=\"c x212 y3721 w8a9 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">B. Aum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x999 y3721 w8aa h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99a y3721 w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">25.<span class=\"_ _0\"></span>481<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99b y3721 w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">25.<span class=\"_ _0\"></span>484<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3722 w8ab h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">B.1  Acc<span class=\"_ _0\"></span>antonamento de<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99c y3722 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99d y3722 w8ad h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">25.481<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99e y3722 w8ad h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">25.481<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3723 w8ae h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">B.3 Variaz<span class=\"_ _1\"></span>ioni dovute<span class=\"_ _1\"></span> a modific<span class=\"_ _0\"></span>he del tasso di s<span class=\"_ _0\"></span>conto<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99f y3723 w8af h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a0 y3723 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a1 y3723 w8af h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3724 w8b0 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">C.<span class=\"_ _0\"></span> Dim<span class=\"_ _0\"></span>inuzioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a2 y3724 w8b1 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(2)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a3 y3724 w8b2 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(<span class=\"_ _0\"></span>27.<span class=\"_ _0\"></span>270)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a4 y3724 w8b3 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(<span class=\"_ _0\"></span>27.271)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3725 w8b4 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">C.1  Utilizzo de<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a5 y3725 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a6 y3725 w8b5 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">(26.952)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a7 y3725 w8b6 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>26.952)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3727 w8b7 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls268 ws513\">C.3  Altre variazion<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a8 y3727 w8b8 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>2)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a9 y3727 w8b9 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>317)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9aa y3727 w8ba h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(319)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8bb h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls264 ws50e\">D.<span class=\"_ _0\"></span> Rimane<span class=\"_ _0\"></span>nze<span class=\"_ _0\"></span> finali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ab y345e w8bc h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ac y345e w8bd h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25.878<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ad y345e w8bd h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25.904<span class=\"_ _4ac\"> </span></div></td></tr></table>Il valore in<span class=\"_ _0\"></span>dicato nella sotto<span class=\"_ _0\"></span>voce \u201cB.1 Accanton<span class=\"_ _0\"></span>amento dell\u2019esercizio<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span></span>colonn<span class=\"_ _0\"></span>a Altri fondi per<span class=\"_ _4ac\"> </span> rischi ed oneri\u201d si riferisce pr<span class=\"_ _0\"></span>incipalmente ai valori corre<span class=\"_ _0\"></span>lati agli stanziamenti relativi alla<span class=\"_ _4ac\"> </span> prede<span class=\"_ _1\"></span>tta sti<span class=\"_ _1\"></span>ma del<span class=\"_ _1\"></span>l\u2019oner<span class=\"_ _1\"></span>e di r<span class=\"_ _1\"></span>emunera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>e del <span class=\"lsf ws1f\">pe<span class=\"_ _1c\"></span>rsonal<span class=\"_ _1\"></span>e acca<span class=\"_ _1c\"></span>ntonata<span class=\"_ _1c\"></span>.<span class=\"_ _4ac\"> </span></span><span class=\"lsf ws1f\"><span class=\"ls1 ws1\"> </span></span>Nella sotto<span class=\"_ _0\"></span>voce \u201cC.1 Utilizzo nell\u2019esercizio <span class=\"ls1 ws1\">-  </span>co<span class=\"_ _0\"></span>lonna Altri fondi per rischi ed oner<span class=\"_ _0\"></span>i\u201d viene<span class=\"_ _4ac\"> </span> rappresentato<span class=\"_ _0\"></span> l\u2019utilizzo dei fo<span class=\"_ _0\"></span>ndi accantonati in per<span class=\"_ _0\"></span>iodi precedent<span class=\"_ _0\"></span>i (principalmente corre<span class=\"_ _0\"></span>lati ai<span class=\"_ _4ac\"> </span> costi di remuner<span class=\"_ _0\"></span>azione variabile del personale dipendete<span class=\"_ _0\"></span>/Amministratori relat<span class=\"_ _0\"></span>ivi all\u2019esercizio<span class=\"_ _4ac\"> </span> 2024), mentre la s<span class=\"_ _0\"></span>ottovoce \u201cC.3 Altr<span class=\"_ _0\"></span>e variazioni\u201d si riferis<span class=\"_ _0\"></span>ce al rilascio a conte ec<span class=\"_ _0\"></span>onomico<span class=\"_ _4ac\"> </span> consolidato,<span class=\"_ _0\"></span> effettuato nell\u2019ese<span class=\"_ _0\"></span>rcizio, dei fondi in esubero ris<span class=\"_ _0\"></span>petto alla definizione delle<span class=\"_ _4ac\"> </span> obbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>zioni c<span class=\"_ _1c\"></span>he ne av<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>no de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>minato<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> <span class=\"ls31 ws5c\">l<span class=\"_ _0\"></span>\u2019accanton<span class=\"_ _0\"></span>amento.</span></span><span class=\"ls1 ws1\"><span class=\"ls31 ws5c\"><span class=\"_ _0\"></span></span> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-659": {
   "value": "Sezione 10 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Fo<span class=\"_ _0\"></span>ndi per ris<span class=\"_ _0\"></span>chi e<span class=\"_ _0\"></span> oneri </span>\u2013 </span>V<span class=\"_ _0\"></span>oce 100<span class=\"ls1 ws1\"> </span>1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> \u201cF<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> ris<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>i\u201d:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w896 h486\" id=\"_80e73775-002f-4a8f-9ea9-094295542703\"><tr><td class=\"c x622 y371a w172 h1f5\"><div class=\"t m43 x24 h1f7 y1e29 ff2 fs50 fc0 sc0 ls25f ws506\">Voci<span class=\"_ _0\"></span>/V<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x987 y371b w173 h1f9\"><div class=\"t m44 x13f h1f6 y1e2b ff2 fs4f fc0 sc0 ls260 ws507\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td><td class=\"c x988 y371b w173 h1f9\"><div class=\"t m44 x13f h1f6 y1e2b ff2 fs4f fc0 sc0 ls260 ws507\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td></tr><tr><td></td><td class=\"c x987 y371b w173 h1f9\"><div class=\"t m44 x16 h1f6 y1e2c ff2 fs4f fc0 sc0 ls261 ws508\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025</div></td><td class=\"c x988 y371b w173 h1f9\"><div class=\"t m44 x16 h1f6 y1e2c ff2 fs4f fc0 sc0 ls261 ws508\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3715 w897 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">1. Fondi su im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>egni e garanz<span class=\"_ _0\"></span>ie rilasciat<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x989 y3715 w898 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">25<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98a y3715 w898 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">24<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3716 w899 h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m44 x8aa h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m44 x8ab h1f6 y368a ff2 fs4f fc0 sc0 ls25e ws505\">ltri f<span class=\"_ _0\"></span>ondi p<span class=\"_ _0\"></span>er ris<span class=\"_ _0\"></span>chi ed<span class=\"_ _0\"></span> oneri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98b y3716 w89a h43f\"><div class=\"t m44 x1fa h1f6 y368a ff2 fs4f fc0 sc0 ls261 ws508\">25.879</div></td><td class=\"c x622 y371a w172 h1f5\"><div class=\"t m43 x136 h1f7 y1e30 ff2 fs50 fc0 sc0 ls1 ws1\"> <span class=\"_ _260\"> </span><span class=\"ls262 ws50a\">27.<span class=\"_ _0\"></span>667<span class=\"_ _31b\"></span><span class=\"ls1 ws50b\">            <span class=\"ws1\"> </span></span></span></div></td></tr><tr><td class=\"c x98c y3717 w89b h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls263 ws50c\">3.<span class=\"_ _1\"></span>1 controversie legali e fis<span class=\"_ _0\"></span>cali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98d y3717 w82f h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">234<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98e y3717 w89c h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">539<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x98c y3718 w89d h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls263 ws50c\">3.<span class=\"_ _1\"></span>2 on<span class=\"_ _1\"></span>eri per<span class=\"_ _1\"></span> il personale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x98f y3718 w89e h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">25.645<span class=\"_ _4ac\"> </span></div></td><td class=\"c x990 y3718 w89e h441\"><div class=\"t m43 x1fa h1f7 y371c ff1 fs50 fc0 sc0 ls25d ws504\">27.128<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3719 w89f h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls25f ws506\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x991 y3719 w8a0 h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls262 ws50a\">25.904<span class=\"_ _4ac\"> </span></div></td><td class=\"c x992 y3719 w8a1 h441\"><div class=\"t m43 x1fa h1f7 y371c ff2 fs50 fc0 sc0 ls262 ws50a\">27.<span class=\"_ _0\"></span>691<span class=\"_ _4ac\"> </span></div></td></tr></table>La v<span class=\"_ _1\"></span>oce \u201c10<span class=\"_ _1\"></span>0 <span class=\"ls1 ws1\">- <span class=\"_ _13\"></span><span class=\"ls0 ws74\">Fondi per rischi e oneri\u201d presenta un saldo pari a circa Euro 25,9 milioni (Euro </span></span>27,7 mil<span class=\"_ _1\"></span>ioni al 31 dic<span class=\"_ _1c\"></span>embre 2024)<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>La so<span class=\"_ _1\"></span>ttovoc<span class=\"_ _1c\"></span>e \u201c3.2 oneri<span class=\"_ _1c\"></span> per il p<span class=\"_ _1\"></span>ersona<span class=\"_ _1\"></span>le\u201d com<span class=\"_ _1c\"></span>prende pri<span class=\"_ _1c\"></span>ncipalm<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> l\u2019acca<span class=\"_ _1\"></span>ntona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto dell<span class=\"_ _1c\"></span>a componente variabile della remun<span class=\"_ _0\"></span>erazione del personale dipendente e degli Amministratori del G<span class=\"_ _1\"></span>ruppo<span class=\"_ _1\"></span> Ani<span class=\"_ _1\"></span>ma di <span class=\"_ _1\"></span>comp<span class=\"_ _1\"></span>etenz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1c\"></span>o, per <span class=\"_ _1\"></span>un imp<span class=\"_ _1c\"></span>orto di ci<span class=\"_ _1c\"></span>rca Euro<span class=\"_ _1\"></span> 2<span class=\"ls0 ws8b\">5,6 milioni (in </span>contro<span class=\"_ _0\"></span>parti<span class=\"_ _0\"></span>ta de<span class=\"_ _0\"></span>lla voce d<span class=\"_ _0\"></span>i conto<span class=\"_ _0\"></span> economi<span class=\"_ _0\"></span>co \u201c140 <span class=\"ls1 ws1\">-  <span class=\"ls1c ws1d3\">Spese a<span class=\"_ _1\"></span>mmini<span class=\"_ _1\"></span>strativ<span class=\"_ _1c\"></span>e b) spese p<span class=\"_ _1\"></span>er il </span></span>pers<span class=\"_ _1\"></span>onale\u201d<span class=\"_ _1\"></span>), in <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>trazi<span class=\"_ _1\"></span>one di ci<span class=\"_ _1c\"></span>rca Eu<span class=\"_ _1\"></span>ro 1,5 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni ri<span class=\"_ _1\"></span>spett<span class=\"_ _1\"></span>o al 31<span class=\"_ _1c\"></span> dicembr<span class=\"_ _1\"></span>e 20<span class=\"_ _1\"></span>24. <span class=\"ls1 ws1\"> </span>Con riferimento a tale sottovoc<span class=\"_ _0\"></span>e, in linea con quanto previsto dai p<span class=\"_ _1\"></span>rin<span class=\"_ _0\"></span>cipi contabili, \u00e8 stata effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>ta la m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>or s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span> del c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>o rileva<span class=\"_ _1c\"></span>ndo un<span class=\"_ _1\"></span> acca<span class=\"_ _1c\"></span>ntoname<span class=\"_ _1c\"></span>nto a \u201cFo<span class=\"_ _1c\"></span>ndo ris<span class=\"_ _1\"></span>chi <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws76\">altr<span class=\"_ _0\"></span>i fondi </span></span>per ri<span class=\"_ _1\"></span>schi<span class=\"_ _1c\"></span> e oneri\u201d<span class=\"_ _1c\"></span> e iscri<span class=\"_ _1c\"></span>vendo l<span class=\"_ _1\"></span>e nec<span class=\"_ _1c\"></span>essarie<span class=\"_ _1\"></span> impos<span class=\"_ _1c\"></span>te antici<span class=\"_ _1\"></span>pate<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"ls31 ws96\">s<span class=\"_ _1\"></span>ul v<span class=\"_ _0\"></span>alore acc<span class=\"_ _0\"></span>antonato<span class=\"_ _0\"></span>, come in </span></span>prec<span class=\"_ _1\"></span>edenz<span class=\"_ _1\"></span>a ill<span class=\"_ _1c\"></span>ustrato<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span>Per i c<span class=\"_ _1\"></span>omparti<span class=\"_ _1\"></span> del f<span class=\"_ _1\"></span>ondo pen<span class=\"_ _1\"></span>sione ap<span class=\"_ _1c\"></span>erto Arti<span class=\"_ _1\"></span> &amp; Mesti<span class=\"_ _1\"></span>eri \u201cGa<span class=\"_ _1\"></span>ranzia<span class=\"_ _1c\"></span> 1+\u201d ed \u201cIn<span class=\"_ _1\"></span>creme<span class=\"_ _1\"></span>nto e Garanzia 5+\u201d, nonch\u00e9 p<span class=\"_ _1\"></span>er il comparto \u201cLinea Garantita\u201d del fondo pensione<span class=\"_ _1\"></span> negoziale \u201cExtenso\u201d ricevuto<span class=\"_ _0\"></span> in delega, Anima SGR fornis<span class=\"_ _0\"></span>ce garanzia ai sottosc<span class=\"_ _0\"></span>rittori circa la<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls31 wsba\">co<span class=\"_ _0\"></span>rrespon<span class=\"_ _0\"></span>sione d<span class=\"_ _0\"></span>i un </span></span>impo<span class=\"_ _1\"></span>rto mi<span class=\"_ _1\"></span>nimo<span class=\"_ _1\"></span>, pari<span class=\"_ _1\"></span> a q<span class=\"_ _1\"></span>uanto s<span class=\"_ _1c\"></span>ottoscri<span class=\"_ _1\"></span>tto d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>\u2019adere<span class=\"_ _1\"></span>nte, i<span class=\"_ _1\"></span>ndip<span class=\"_ _1\"></span>ende<span class=\"_ _1\"></span>nteme<span class=\"_ _1\"></span>nte d<span class=\"_ _1\"></span>ai ris<span class=\"_ _1c\"></span>ultati di<span class=\"_ _1\"></span> ge<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne.<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Al 3<span class=\"_ _1\"></span>1 dice<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2025,<span class=\"_ _1\"></span> si \u00e8<span class=\"_ _1\"></span> resa<span class=\"_ _1\"></span> neces<span class=\"_ _1\"></span>saria<span class=\"_ _1\"></span> un\u2019in<span class=\"_ _1\"></span>tegraz<span class=\"_ _1\"></span>ione a<span class=\"_ _1c\"></span> fronte d<span class=\"_ _1c\"></span>ella gara<span class=\"_ _1\"></span>nzia p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ta dai<span class=\"_ _1c\"></span> comp<span class=\"_ _1\"></span>arti p<span class=\"_ _1\"></span>er Euro <span class=\"_ _1c\"></span>2.486 per il<span class=\"_ _1\"></span> Fond<span class=\"_ _1\"></span>o Pensi<span class=\"_ _1c\"></span>one Ap<span class=\"_ _1\"></span>erto \u201cA<span class=\"_ _1\"></span>rti &amp; M<span class=\"_ _1\"></span>estie<span class=\"_ _1\"></span>ri\u201d, m<span class=\"_ _1\"></span>entre p<span class=\"_ _1c\"></span>er il fond<span class=\"_ _1\"></span>o pensi<span class=\"_ _1c\"></span>one neg<span class=\"_ _1\"></span>ozia<span class=\"_ _1\"></span>le \u201cE<span class=\"_ _1\"></span>xtens<span class=\"_ _1c\"></span>o\u201d non <span class=\"_ _1\"></span>\u00e8 sta<span class=\"_ _1\"></span>ta eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>uata a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>na in<span class=\"_ _1\"></span>tegra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne; ta<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>nfo<span class=\"_ _1\"></span>rmazi<span class=\"_ _1\"></span>one \u00e8<span class=\"_ _1c\"></span> compresa nella comunicazione che viene inviata a Banca d\u2019Italia da Anima SGR relativa al \u201cPatrimonio di Vigilan<span class=\"_ _0\"></span>za e ai requisiti patrimoniali a su<span class=\"_ _0\"></span>pporto della garanzia sul capit<span class=\"_ _0\"></span>ale offerta dai<span class=\"_ _1\"></span> compa<span class=\"_ _1\"></span>rti g<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>ntiti d<span class=\"_ _1c\"></span>ei fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>one g<span class=\"ls2f ws58\">est<span class=\"_ _0\"></span>iti\u201d<span class=\"_ _0\"></span>.<span class=\"_ _4ac\"> </span></span>Anima SGR ha definito i criteri e le procedure adottate per la determinazione de<span class=\"_ _0\"></span>gli impegni<span class=\"_ _4ac\"> </span> assunti nell\u2019<span class=\"_ _0\"></span>apposita politica \u201cC<span class=\"_ _0\"></span>riteri e proce<span class=\"_ _0\"></span>dure per la determ<span class=\"_ _0\"></span>inazione degli impegn<span class=\"_ _0\"></span>i assunti<span class=\"_ _4ac\"> </span> per la ges<span class=\"_ _0\"></span>tione di fondi pen<span class=\"_ _0\"></span>sione accom<span class=\"_ _0\"></span>pagnati dalla garan<span class=\"_ _0\"></span>zia di res<span class=\"ls0 ws15\">tituzione<span class=\"_ _0\"></span> del capit<span class=\"_ _0\"></span>ale\u201d.<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws15\"><span class=\"ls1 ws1\"> </span></span>La sopracitata polit<span class=\"_ _0\"></span>ica prevede che, per finalit\u00e0 di bilancio e di gestione del rischio, la funzione<span class=\"_ _4ac\"> </span> di Risk Management<span class=\"_ _0\"></span> determini la stima<span class=\"_ _0\"></span> degli <span class=\"_ _1\"></span>impe<span class=\"_ _0\"></span>gni assunti a fronte<span class=\"_ _0\"></span> delle garanzie di<span class=\"_ _4ac\"> </span> restitu<span class=\"_ _0\"></span>zione del capitale rilasciate da Anima SGR sulla base di un m<span class=\"ls30 ws134\">od<span class=\"_ _1c\"></span>ello, i<span class=\"_ _1\"></span>mple<span class=\"_ _1\"></span>mentat<span class=\"_ _1\"></span>o<span class=\"_ _4ac\"> </span></span><span class=\"ls30 ws134\"> </span>media<span class=\"_ _1c\"></span>nte un ap<span class=\"_ _1\"></span>posi<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>strum<span class=\"_ _1c\"></span>ento inf<span class=\"_ _1\"></span>ormati<span class=\"_ _1\"></span>co b<span class=\"_ _1\"></span>asato<span class=\"_ _1\"></span> su m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>ologi<span class=\"_ _1\"></span>e di s<span class=\"_ _1\"></span>imula<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> tipo<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> \u201cM<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>\u201d.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>In pa<span class=\"_ _1\"></span>rticol<span class=\"_ _1\"></span>are, l<span class=\"_ _1\"></span>o str<span class=\"_ _1\"></span>ument<span class=\"_ _1\"></span>o stima i<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ella g<span class=\"_ _1\"></span>aranzia<span class=\"_ _1\"></span> per og<span class=\"_ _1c\"></span>ni adere<span class=\"_ _1\"></span>nte co<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span> il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a<span class=\"_ _4ac\"> </span> riser<span class=\"_ _0\"></span>va prosp<span class=\"_ _0\"></span>ettiva. L<span class=\"_ _0\"></span>a valuta<span class=\"_ _0\"></span>zione \u00e8 imple<span class=\"_ _0\"></span>mentat<span class=\"_ _0\"></span>a come il valor<span class=\"_ _0\"></span>e della garan<span class=\"_ _0\"></span>zia pond<span class=\"_ _0\"></span>erato per<span class=\"_ _4ac\"> </span> la probabilit<span class=\"_ _0\"></span>\u00e0 di retrocedere la gar<span class=\"_ _0\"></span>anzia stessa entro<span class=\"_ _0\"></span> l\u2019orizzo<span class=\"lse ws113\">nte di r<span class=\"_ _0\"></span>iferimento.<span class=\"_ _0\"></span> La probabilit<span class=\"_ _0\"></span>\u00e0 di<span class=\"_ _4ac\"> </span></span><span class=\"lse ws113\"> </span>corrispon<span class=\"_ _0\"></span>dere la garanzia tiene conto della situazione iniziale degli aderent<span class=\"_ _0\"></span>i, della probabilit\u00e0<span class=\"_ _4ac\"> </span> di pensionamento, de<span class=\"_ _0\"></span>lla probabilit\u00e0 di morte o invalidit\u00e0, della probabilit\u00e0 di disoccupazione,<span class=\"_ _4ac\"> </span> della probabilit\u00e0 che si<span class=\"ls31 wsa9\">a r<span class=\"_ _0\"></span>ichiest<span class=\"_ _0\"></span>o il tras<span class=\"_ _0\"></span>ferimento de<span class=\"_ _0\"></span>lla posiz<span class=\"_ _0\"></span>ione ad altro<span class=\"_ _0\"></span> fondo o compart<span class=\"_ _0\"></span>o,<span class=\"_ _4ac\"> </span></span><span class=\"ls31 wsa9\"> </span>delle attese c<span class=\"_ _0\"></span>irca i nuovi aderenti e degli eventi che danno luogo alla corresponsione della<span class=\"_ _4ac\"> </span> garanzia pre<span class=\"_ _0\"></span>visti dai regolamenti dei fondi.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Per ciascuno scen<span class=\"_ _0\"></span>ario di riscatto, l\u2019applicativo prov<span class=\"_ _0\"></span>vede a simulare un elevato numero di scenari<span class=\"_ _4ac\"> </span> di possibili valori della quota del fondo (comunque non inferiore a n\u00b0 50.000), al fine di calcolare<span class=\"_ _4ac\"> </span> l\u2019ev<span class=\"_ _0\"></span>entuale impor<span class=\"_ _0\"></span>to che Anima<span class=\"_ _0\"></span> SGR sarebbe ten<span class=\"_ _0\"></span>uta a integr<span class=\"ls1c ws85\">are all\u2019<span class=\"_ _1\"></span>aderen<span class=\"_ _1\"></span>te. Ci<span class=\"_ _1\"></span>ascuno<span class=\"_ _1\"></span> scena<span class=\"_ _1\"></span>rio<span class=\"_ _4ac\"> </span></span><span class=\"ls1c ws85\"><span class=\"_ _1\"></span> </span>\u00e8 simulato tenendo conto del valore iniziale<span class=\"_ _0\"></span> della quota del fondo o della classe e della sua<span class=\"_ _4ac\"> </span> evol<span class=\"_ _1\"></span>uzion<span class=\"_ _1\"></span>e fu<span class=\"_ _1\"></span>tura, d<span class=\"_ _1\"></span>escri<span class=\"_ _1c\"></span>tta da <span class=\"_ _1\"></span>un Mo<span class=\"_ _1\"></span>to G<span class=\"_ _1\"></span>eomet<span class=\"_ _1\"></span>rico <span class=\"_ _1\"></span>Brow<span class=\"_ _1\"></span>niano p<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>metriz<span class=\"_ _1\"></span>zat<span class=\"_ _1\"></span>o con<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> rendimento e vo<span class=\"_ _0\"></span>latilit\u00e0 attesi del port<span class=\"_ _0\"></span>afoglio<span class=\"ls1 ws1\"> <span class=\"ls30 ws27\">del<span class=\"_ _1\"></span> fondo.<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls30 ws27\"><span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></span>Una volta calcolat<span class=\"_ _0\"></span>a la distribuzione delle possibili per<span class=\"_ _0\"></span>dite sull\u2019orizzont<span class=\"_ _0\"></span>e di riferimento, \u00e8 rilevato<span class=\"_ _4ac\"> </span> il 99,5<span class=\"ls1 ws1\">-<span class=\"ls1c ws2a\">esimo p<span class=\"_ _1\"></span>eggio<span class=\"_ _1\"></span>r perc<span class=\"_ _1\"></span>entile p<span class=\"_ _1c\"></span>er determi<span class=\"_ _1c\"></span>nare l\u2019imp<span class=\"_ _1\"></span>egno di<span class=\"_ _1\"></span> Anima<span class=\"_ _1\"></span> SGR a<span class=\"_ _1\"></span> front<span class=\"_ _1\"></span>e del ri<span class=\"_ _1\"></span>schio i<span class=\"_ _1c\"></span>n<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls1c ws2a\"> </span></span>analisi.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Dato l\u2019oriz<span class=\"_ _0\"></span>zonte temporale annuale e tenuto conto delle prassi contabili per le passivit\u00e0 che non<span class=\"_ _4ac\"> </span> superano i 12 mes<span class=\"_ _0\"></span>i, il valore degli impegni cos\u00ec stimato<span class=\"_ _0\"></span> non \u00e8 attualizzato.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 202<span class=\"_ _1c\"></span>5 l\u2019impeg<span class=\"_ _1\"></span>no cos\u00ec d<span class=\"_ _1\"></span>eter<span class=\"_ _1c\"></span>minato ris<span class=\"_ _1\"></span>ulta p<span class=\"_ _1\"></span>ari a ci<span class=\"_ _1\"></span>rca E<span class=\"_ _1\"></span>uro 25 mi<span class=\"_ _1\"></span>la, i<span class=\"_ _1\"></span>mpor<span class=\"_ _1\"></span>to che<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> viene ev<span class=\"_ _0\"></span>idenziato nella vo<span class=\"_ _0\"></span>ce \u201c1. Fondi <span class=\"_ _0\"></span>su impegni e <span class=\"_ _0\"></span>garanzie rilasc<span class=\"_ _0\"></span>iate\u201d della so<span class=\"_ _0\"></span>pra evidenziata<span class=\"_ _4ac\"> </span> tabella di com<span class=\"_ _0\"></span>posizione del Fondo per rischi ed oneri.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>I<span class=\"_ _4ac\"> </span>nfine, la sottovoce<span class=\"_ _0\"></span> \u201c3.1 controversie le<span class=\"_ _0\"></span>gali e fiscali\u201d, valor<span class=\"_ _0\"></span>izzata per circa Euro 0,5 m<span class=\"_ _0\"></span>ilioni,<span class=\"_ _4ac\"> </span> acc<span class=\"_ _0\"></span>oglie a<span class=\"_ _0\"></span>ccanto<span class=\"_ _0\"></span>nament<span class=\"_ _0\"></span>i per<span class=\"_ _0\"></span> vertenz<span class=\"_ _0\"></span>e varie<span class=\"_ _0\"></span>, compre<span class=\"_ _0\"></span>nsive de<span class=\"_ _0\"></span>lle cor<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ate spes<span class=\"_ _0\"></span>e di consu<span class=\"_ _0\"></span>lenza<span class=\"_ _4ac\"> </span> legale e/o<span class=\"_ _0\"></span> fiscale.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Non s<span class=\"_ _1c\"></span>ono st<span class=\"_ _1\"></span>ati p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sti <span class=\"_ _1\"></span>accan<span class=\"_ _1c\"></span>toname<span class=\"_ _1c\"></span>nti per<span class=\"_ _1\"></span> caus<span class=\"_ _1\"></span>e nell<span class=\"_ _1c\"></span>e qual<span class=\"_ _1\"></span>i le<span class=\"_ _1\"></span> soci<span class=\"_ _1\"></span>et\u00e0 d<span class=\"_ _1c\"></span>el Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima<span class=\"_ _1c\"></span> sono<span class=\"_ _4ac\"> </span> chia<span class=\"_ _1\"></span>mate <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>espon<span class=\"_ _1\"></span>sabil<span class=\"_ _1\"></span>e ma <span class=\"_ _1\"></span>che, i<span class=\"_ _1c\"></span>n base a<span class=\"_ _1c\"></span> sentenz<span class=\"_ _1\"></span>e preg<span class=\"_ _1c\"></span>resse <span class=\"_ _1\"></span>per l<span class=\"_ _1\"></span>a ste<span class=\"_ _1\"></span>ssa ti<span class=\"_ _1\"></span>pol<span class=\"_ _1\"></span>ogia d<span class=\"_ _1c\"></span>i<span class=\"_ _4ac\"> </span> contenzio<span class=\"_ _0\"></span>so ovvero all\u2019opinione di consulenti terzi,<span class=\"_ _0\"></span> si ritiene non <span class=\"ls30 ws96\">comp<span class=\"_ _1\"></span>ortera<span class=\"_ _1c\"></span>nno oneri.<span class=\"_ _4ac\"> </span></span><span class=\"ls30 ws96\"><span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs7d2\">1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> \u201cF<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i d<span class=\"_ _13\"></span>i q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>ie<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>a az<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>ali\u201d e<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span> \u201c<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>tr<span class=\"_ _13\"></span>i f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>r r<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i e<span class=\"_ _11\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>i\u201d:<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>ariaz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs7d3\"><table class=\"s w8a2 h487\" id=\"_785492fa-a499-48b5-aa9b-46b2bf43d24c\"><tr><td></td><td class=\"c x993 y371e w8a3 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">Fondi d<span class=\"_ _0\"></span>i q<span class=\"_ _0\"></span>uiescenz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c x994 y371e w8a4 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls265 ws50f\">A<span class=\"_ _0\"></span>ltri f<span class=\"_ _0\"></span>ondi pe<span class=\"_ _0\"></span>r rischi ed<span class=\"_ _0\"></span> oneri<span class=\"_ _4ac\"> </span></div></td><td class=\"c x995 y371e w8a5 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws510\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y371f w8a6 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls265 ws50f\">A.<span class=\"_ _0\"></span> Esiste<span class=\"_ _0\"></span>nze iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x996 y371f w8a7 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">24<span class=\"_ _4ac\"> </span></div></td><td class=\"c x997 y371f w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">27.<span class=\"_ _0\"></span>667</div></td><td class=\"t m46 x998 h1fb y3720 ff2 fs51 fc0 sc0 ls1 ws512\"> <span class=\"ls267 ws1e\">27.691<span class=\"_ _4ac\"> </span></span></td></tr><tr><td class=\"c x212 y3721 w8a9 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">B. Aum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x999 y3721 w8aa h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99a y3721 w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">25.<span class=\"_ _0\"></span>481<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99b y3721 w8a8 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">25.<span class=\"_ _0\"></span>484<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3722 w8ab h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">B.1  Acc<span class=\"_ _0\"></span>antonamento de<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99c y3722 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99d y3722 w8ad h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">25.481<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99e y3722 w8ad h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">25.481<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3723 w8ae h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">B.3 Variaz<span class=\"_ _1\"></span>ioni dovute<span class=\"_ _1\"></span> a modific<span class=\"_ _0\"></span>he del tasso di s<span class=\"_ _0\"></span>conto<span class=\"_ _4ac\"> </span></div></td><td class=\"c x99f y3723 w8af h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a0 y3723 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a1 y3723 w8af h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3724 w8b0 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls264 ws50e\">C.<span class=\"_ _0\"></span> Dim<span class=\"_ _0\"></span>inuzioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a2 y3724 w8b1 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(2)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a3 y3724 w8b2 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(<span class=\"_ _0\"></span>27.<span class=\"_ _0\"></span>270)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a4 y3724 w8b3 h42d\"><div class=\"t m45 x1fa h1fb y371d ff2 fs51 fc0 sc0 ls266 ws511\">(<span class=\"_ _0\"></span>27.271)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3725 w8b4 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls268 ws513\">C.1  Utilizzo de<span class=\"_ _1\"></span>ll'esercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a5 y3725 w8ac h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a6 y3725 w8b5 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">(26.952)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a7 y3725 w8b6 h42d\"><div class=\"t m45 x1fa h1fb y371d ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>26.952)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3727 w8b7 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls268 ws513\">C.3  Altre variazion<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a8 y3727 w8b8 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>2)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9a9 y3727 w8b9 h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(<span class=\"_ _0\"></span>317)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9aa y3727 w8ba h42e\"><div class=\"t m45 x1fa h1fb y3726 ff1 fs51 fc0 sc0 ls269 ws514\">(319)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8bb h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls264 ws50e\">D.<span class=\"_ _0\"></span> Rimane<span class=\"_ _0\"></span>nze<span class=\"_ _0\"></span> finali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ab y345e w8bc h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ac y345e w8bd h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25.878<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ad y345e w8bd h42e\"><div class=\"t m45 x1fa h1fb y3726 ff2 fs51 fc0 sc0 ls266 ws511\">25.904<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs7d4\">Il valore in<span class=\"_ _0\"></span>dicato nella sotto<span class=\"_ _0\"></span>voce \u201cB.1 Accanton<span class=\"_ _0\"></span>amento dell\u2019esercizio<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span></span>colonn<span class=\"_ _0\"></span>a Altri fondi per<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gs7d5\">rischi ed oneri\u201d si riferisce pr<span class=\"_ _0\"></span>incipalmente ai valori corre<span class=\"_ _0\"></span>lati agli stanziamenti relativi alla<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs7d6\">prede<span class=\"_ _1\"></span>tta sti<span class=\"_ _1\"></span>ma del<span class=\"_ _1\"></span>l\u2019oner<span class=\"_ _1\"></span>e di r<span class=\"_ _1\"></span>emunera<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>e del <span class=\"lsf ws1f\">pe<span class=\"_ _1c\"></span>rsonal<span class=\"_ _1\"></span>e acca<span class=\"_ _1c\"></span>ntonata<span class=\"_ _1c\"></span>.<span class=\"_ _4ac\"> </span></span><span class=\"lsf ws1f\"><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gs7d7\">Nella sotto<span class=\"_ _0\"></span>voce \u201cC.1 Utilizzo nell\u2019esercizio <span class=\"ls1 ws1\">-  </span>co<span class=\"_ _0\"></span>lonna Altri fondi per rischi ed oner<span class=\"_ _0\"></span>i\u201d viene<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs7d8\">rappresentato<span class=\"_ _0\"></span> l\u2019utilizzo dei fo<span class=\"_ _0\"></span>ndi accantonati in per<span class=\"_ _0\"></span>iodi precedent<span class=\"_ _0\"></span>i (principalmente corre<span class=\"_ _0\"></span>lati ai<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs7d9\">costi di remuner<span class=\"_ _0\"></span>azione variabile del personale dipendete<span class=\"_ _0\"></span>/Amministratori relat<span class=\"_ _0\"></span>ivi all\u2019esercizio<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsd5 gs7da\">2024), mentre la s<span class=\"_ _0\"></span>ottovoce \u201cC.3 Altr<span class=\"_ _0\"></span>e variazioni\u201d si riferis<span class=\"_ _0\"></span>ce al rilascio a conte ec<span class=\"_ _0\"></span>onomico<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf0 gs7db\">consolidato,<span class=\"_ _0\"></span> effettuato nell\u2019ese<span class=\"_ _0\"></span>rcizio, dei fondi in esubero ris<span class=\"_ _0\"></span>petto alla definizione delle<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs7dc\">obbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>zioni c<span class=\"_ _1c\"></span>he ne av<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>no de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>minato<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> <span class=\"ls31 ws5c\">l<span class=\"_ _0\"></span>\u2019accanton<span class=\"_ _0\"></span>amento.</span></span><span class=\"ls1 ws1\"><span class=\"ls31 ws5c\"><span class=\"_ _0\"></span></span> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-678": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs7de\">Sezione 11 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>atrimoni<span class=\"_ _0\"></span>o </span>\u2013 </span>Voci 110, 120, 130, 140, 150 e 160<span class=\"ff1 fs0 ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs7df\">1<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>l \u201cC<span class=\"_ _13\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span>\u201d<span class=\"ls1 ws1\"> </span></div><div class=\"gs7e0\"><table class=\"s w8be h488\" id=\"_76052115-01fd-474f-a74a-48df6aedf3df\"><tr><td class=\"c x212 y3728 w8bf h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26a ws515\">T<span class=\"_ _0\"></span>ipologie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ae y3728 w8c0 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9af y3728 w8c1 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3729 w8c2 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26a ws517\">1. Cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b0 y3729 w8c3 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">7.<span class=\"_ _0\"></span>422<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b1 y3729 w8c3 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3681 w8c4 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26c ws518\">1.<span class=\"_ _1\"></span>1 Azioni or<span class=\"_ _1\"></span>dinarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b2 y3681 w8c5 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26d ws519\">7.422<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b3 y3681 w8c6 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26d ws519\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8c7 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26c ws518\">1.<span class=\"_ _1\"></span>2 Altre az<span class=\"_ _1\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b4 y345e w8c8 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b5 y345e w8c9 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wsf9 gs7e1\">Al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>5 il <span class=\"_ _1\"></span>capital<span class=\"_ _1\"></span>e social<span class=\"_ _1c\"></span>e \u00e8 pari <span class=\"_ _1\"></span>a Euro <span class=\"_ _1\"></span>7.421<span class=\"_ _1\"></span>.605,<span class=\"_ _1\"></span>63 ed <span class=\"_ _1\"></span>\u00e8 rapp<span class=\"_ _1\"></span>resenta<span class=\"_ _1\"></span>to da n\u00b0<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs7e2\">325.2<span class=\"_ _1\"></span>15.817<span class=\"_ _1\"></span> azio<span class=\"_ _1\"></span>ni ordi<span class=\"_ _1c\"></span>narie priv<span class=\"_ _1\"></span>e di va<span class=\"_ _1\"></span>lore n<span class=\"_ _1\"></span>ominal<span class=\"_ _1c\"></span>e.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws6a gs7e3\">Si ric<span class=\"_ _1\"></span>orda ch<span class=\"_ _1\"></span>e in da<span class=\"_ _1\"></span>ta 17 f<span class=\"_ _1\"></span>ebbrai<span class=\"_ _1c\"></span>o 2025 \u00e8 avv<span class=\"_ _1c\"></span>enuto il<span class=\"_ _1\"></span> deposi<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019attesta<span class=\"_ _1c\"></span>zione di <span class=\"_ _1\"></span>emissi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs7e4\">n\u00b0 5.899.814 nuo<span class=\"_ _0\"></span>ve azioni ordinarie, per nominali Euro 129.795,91<span class=\"_ _0\"></span> (si rinvia a quanto illustrato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 wse1 gs7e5\">nel paragrafo \u201cVariazione del capitale sociale\u201d<span class=\"_ _1\"></span> della Relazion<span class=\"ls0 wsb1\">e sulla gestione consolidata al 31 </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs7e6\">dicemb<span class=\"_ _1c\"></span>re 2025 c<span class=\"_ _1\"></span>he acc<span class=\"_ _1c\"></span>om<span class=\"_ _0\"></span>pag<span class=\"_ _1c\"></span>na il pres<span class=\"_ _1c\"></span>ente Bila<span class=\"_ _1\"></span>ncio C<span class=\"_ _1\"></span>onsolid<span class=\"_ _1\"></span>ato).<span class=\"_ _1\"></span>  <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws5a gs7e7\">Le azi<span class=\"_ _1c\"></span>oni dell<span class=\"_ _1\"></span>a Socie<span class=\"_ _1c\"></span>t\u00e0 sono q<span class=\"_ _1\"></span>uotat<span class=\"_ _1\"></span>e al M<span class=\"_ _1\"></span>ercat<span class=\"_ _1\"></span>o Tele<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>co Azi<span class=\"_ _1\"></span>onari<span class=\"_ _1c\"></span>o organizz<span class=\"_ _1\"></span>ato e <span class=\"_ _1\"></span>gesti<span class=\"_ _1c\"></span>to da </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws19 gs7e8\">Borsa <span class=\"_ _0\"></span>italiana S.p.A. dal 16<span class=\"_ _0\"></span> aprile 2014.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-698": {
   "value": "Sezione 11 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>atrimoni<span class=\"_ _0\"></span>o </span>\u2013 </span>Voci 110, 120, 130, 140, 150 e 160<span class=\"ff1 fs0 ls1 ws1\"> </span>1<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>l \u201cC<span class=\"_ _13\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span>\u201d<span class=\"ls1 ws1\"> </span><table class=\"s w8be h488\" id=\"_76052115-01fd-474f-a74a-48df6aedf3df\"><tr><td class=\"c x212 y3728 w8bf h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26a ws515\">T<span class=\"_ _0\"></span>ipologie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ae y3728 w8c0 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9af y3728 w8c1 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3729 w8c2 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26a ws517\">1. Cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b0 y3729 w8c3 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">7.<span class=\"_ _0\"></span>422<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b1 y3729 w8c3 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3681 w8c4 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26c ws518\">1.<span class=\"_ _1\"></span>1 Azioni or<span class=\"_ _1\"></span>dinarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b2 y3681 w8c5 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26d ws519\">7.422<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b3 y3681 w8c6 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26d ws519\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8c7 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26c ws518\">1.<span class=\"_ _1\"></span>2 Altre az<span class=\"_ _1\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b4 y345e w8c8 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b5 y345e w8c9 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>Al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>5 il <span class=\"_ _1\"></span>capital<span class=\"_ _1\"></span>e social<span class=\"_ _1c\"></span>e \u00e8 pari <span class=\"_ _1\"></span>a Euro <span class=\"_ _1\"></span>7.421<span class=\"_ _1\"></span>.605,<span class=\"_ _1\"></span>63 ed <span class=\"_ _1\"></span>\u00e8 rapp<span class=\"_ _1\"></span>resenta<span class=\"_ _1\"></span>to da n\u00b0<span class=\"_ _1\"></span> 325.2<span class=\"_ _1\"></span>15.817<span class=\"_ _1\"></span> azio<span class=\"_ _1\"></span>ni ordi<span class=\"_ _1c\"></span>narie priv<span class=\"_ _1\"></span>e di va<span class=\"_ _1\"></span>lore n<span class=\"_ _1\"></span>ominal<span class=\"_ _1c\"></span>e.<span class=\"ls1 ws1\"> </span>Si ric<span class=\"_ _1\"></span>orda ch<span class=\"_ _1\"></span>e in da<span class=\"_ _1\"></span>ta 17 f<span class=\"_ _1\"></span>ebbrai<span class=\"_ _1c\"></span>o 2025 \u00e8 avv<span class=\"_ _1c\"></span>enuto il<span class=\"_ _1\"></span> deposi<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019attesta<span class=\"_ _1c\"></span>zione di <span class=\"_ _1\"></span>emissi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>i n\u00b0 5.899.814 nuo<span class=\"_ _0\"></span>ve azioni ordinarie, per nominali Euro 129.795,91<span class=\"_ _0\"></span> (si rinvia a quanto illustrato nel paragrafo \u201cVariazione del capitale sociale\u201d<span class=\"_ _1\"></span> della Relazion<span class=\"ls0 wsb1\">e sulla gestione consolidata al 31 </span>dicemb<span class=\"_ _1c\"></span>re 2025 c<span class=\"_ _1\"></span>he acc<span class=\"_ _1c\"></span>om<span class=\"_ _0\"></span>pag<span class=\"_ _1c\"></span>na il pres<span class=\"_ _1c\"></span>ente Bila<span class=\"_ _1\"></span>ncio C<span class=\"_ _1\"></span>onsolid<span class=\"_ _1\"></span>ato).<span class=\"_ _1\"></span>  <span class=\"ls1 ws1\"> </span>Le azi<span class=\"_ _1c\"></span>oni dell<span class=\"_ _1\"></span>a Socie<span class=\"_ _1c\"></span>t\u00e0 sono q<span class=\"_ _1\"></span>uotat<span class=\"_ _1\"></span>e al M<span class=\"_ _1\"></span>ercat<span class=\"_ _1\"></span>o Tele<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>co Azi<span class=\"_ _1\"></span>onari<span class=\"_ _1c\"></span>o organizz<span class=\"_ _1\"></span>ato e <span class=\"_ _1\"></span>gesti<span class=\"_ _1c\"></span>to da Borsa <span class=\"_ _0\"></span>italiana S.p.A. dal 16<span class=\"_ _0\"></span> aprile 2014.<span class=\"_ _4ac\"> </span>Sezione 4 <span class=\"ls1 ws1\">\u2013 <span class=\"lsb ws3c\">Informazioni sul patr<span class=\"_ _1\"></span>imonio<span class=\"ff1 fs0 ls1 ws1\"> </span></span></span>4.1 Il patrimonio dell\u2019im<span class=\"_ _1\"></span>presa <span class=\"ls1 ws1\"> </span>4.1.<span class=\"_ _1\"></span>1 Inform<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zi<span class=\"_ _1c\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i di<span class=\"_ _1\"></span> na<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span> <span class=\"ls11 ws5\">q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>alitat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> </span></span>Il cap<span class=\"_ _1\"></span>itale s<span class=\"_ _1\"></span>ocial<span class=\"_ _1\"></span>e della <span class=\"_ _1\"></span>Socie<span class=\"_ _1\"></span>t\u00e0 al <span class=\"_ _1\"></span>31 dice<span class=\"_ _1\"></span>mbre 2<span class=\"_ _1\"></span>025 \u00e8 i<span class=\"_ _1\"></span>ntera<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> sotto<span class=\"_ _1\"></span>scritt<span class=\"_ _1\"></span>o e ve<span class=\"_ _1\"></span>rsato e ri<span class=\"_ _1c\"></span>sulta esser<span class=\"_ _1\"></span>e pari<span class=\"_ _1\"></span> a Eu<span class=\"_ _1\"></span>ro 7.42<span class=\"_ _1c\"></span>1.605,63 d<span class=\"_ _1\"></span>ivis<span class=\"_ _1\"></span>o in n\u00b0<span class=\"_ _1\"></span> 325.<span class=\"_ _1\"></span>215.8<span class=\"_ _1\"></span>17 azi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>rive d<span class=\"_ _1c\"></span>ell\u2019indica<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> del valor<span class=\"_ _1\"></span>e nomi<span class=\"_ _1c\"></span>nale. <span class=\"ls1 ws1\"> </span>Le azi<span class=\"_ _1c\"></span>oni dell<span class=\"_ _1\"></span>a Socie<span class=\"_ _1c\"></span>t\u00e0 sono q<span class=\"_ _1\"></span>uotat<span class=\"_ _1\"></span>e al M<span class=\"_ _1\"></span>ercat<span class=\"_ _1\"></span>o Tele<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>co Azi<span class=\"_ _1\"></span>onari<span class=\"_ _1c\"></span>o organizz<span class=\"_ _1\"></span>ato e <span class=\"_ _1\"></span>gesti<span class=\"_ _1c\"></span>to da Borsa <span class=\"_ _0\"></span>italiana S.p.A. dal 16<span class=\"_ _0\"></span> aprile 2014.<span class=\"ls1 ws1\"> </span>Si ricorda che in data 17 febbraio 2025 (cfr. com<span class=\"_ _1\"></span>un<span class=\"_ _0\"></span>icato stampa \u201cVariazi<span class=\"_ _1\"></span>one del capitale sociale\u201d del 17 f<span class=\"_ _1c\"></span>ebbraio 20<span class=\"_ _1\"></span>25) \u00e8 <span class=\"_ _1\"></span>avvenu<span class=\"_ _1\"></span>to il dep<span class=\"_ _1c\"></span>osito dell<span class=\"_ _1\"></span>\u2019attes<span class=\"_ _1\"></span>tazion<span class=\"_ _1\"></span>e di emi<span class=\"_ _1\"></span>ssione d<span class=\"_ _1\"></span>i n\u00b0 5.<span class=\"_ _1\"></span>899.8<span class=\"_ _1\"></span>14 nuov<span class=\"_ _1\"></span>e azioni<span class=\"_ _1\"></span> ord<span class=\"_ _1\"></span>inari<span class=\"_ _1\"></span>e, god<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>regola<span class=\"_ _1\"></span>re, al<span class=\"_ _1c\"></span> servizi<span class=\"_ _1c\"></span>o del pi<span class=\"_ _1\"></span>ano <span class=\"ls1c ws147\">L<span class=\"_ _1\"></span>TIP 24<span class=\"ls1 ws1\">-<span class=\"_ _1\"></span><span class=\"ls31 ws94\">26<span class=\"_ _0\"></span> per massim<span class=\"_ _0\"></span>i nomina<span class=\"_ _0\"></span>li Euro </span></span></span>129.79<span class=\"_ _0\"></span>5,91, media<span class=\"_ _0\"></span>nte imputaz<span class=\"_ _0\"></span>ione a capit<span class=\"_ _0\"></span>ale di un importo di<span class=\"_ _0\"></span> corrispon<span class=\"_ _0\"></span>dente ammonta<span class=\"_ _0\"></span>re tratto dalle<span class=\"_ _0\"></span> riserve disponibili, in esecu<span class=\"_ _0\"></span>zione della delibera di aumento di capitale<span class=\"_ _0\"></span> sociale a titolo gratuito<span class=\"_ _0\"></span> approvata dal C<span class=\"_ _0\"></span>onsigl<span class=\"ls30 wsba\">io di A<span class=\"_ _1\"></span>mmini<span class=\"_ _1\"></span>stra<span class=\"_ _1\"></span>zione i<span class=\"_ _1c\"></span>n data 5 f<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>raio 202<span class=\"_ _1\"></span>5 (cf<span class=\"_ _1\"></span>r. com<span class=\"_ _1c\"></span>unicato<span class=\"_ _1c\"></span> </span>stamp<span class=\"_ _1\"></span>a \u201cRisul<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _1\"></span> consol<span class=\"_ _1\"></span>idati p<span class=\"_ _1\"></span>er l\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1\"></span>o 202<span class=\"_ _1\"></span>4\u201d del 5 f<span class=\"_ _1\"></span>ebbrai<span class=\"_ _1\"></span>o 2025)<span class=\"_ _1c\"></span>, in parzial<span class=\"_ _1\"></span>e ese<span class=\"_ _1\"></span>rcizio<span class=\"_ _1c\"></span> dell\u2019autor<span class=\"_ _0\"></span>izzazione conferita ai sensi dell\u2019art. 2443 C.C. dall\u2019Assemblea Str<span class=\"_ _0\"></span>aordinaria degli Azi<span class=\"ls1c ws2a\">onisti<span class=\"_ _1\"></span> del 28 marz<span class=\"_ _1\"></span>o 2024.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Si informa che<span class=\"_ _0\"></span> in data 12 febbraio<span class=\"_ _0\"></span> 2025, verificate le<span class=\"_ _0\"></span> Condizioni di Permanenz<span class=\"_ _0\"></span>a, sono state attribu<span class=\"_ _0\"></span>ite ai Beneficiari n\u00b0 15.341.544 azioni in relazione ai Piani LTIP 21<span class=\"ls1 ws1\">-<span class=\"ls1c ws102\">23 e LTIP 24</span>-<span class=\"_ _1\"></span><span class=\"ls1d ws7b\">26,<span class=\"_ _0\"></span> con </span></span>l\u2019utilizzo<span class=\"_ _0\"></span> di n\u00b0 9.441.730 azioni propr<span class=\"_ _0\"></span>ie detenute nel portafoglio<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"ls1d wsda\">dalla S<span class=\"_ _0\"></span>ociet<span class=\"_ _0\"></span>\u00e0 e n\u00b0 5.8<span class=\"_ _0\"></span>99.814<span class=\"_ _0\"></span> </span></span>azioni derivanti dal predetto<span class=\"_ _0\"></span> aumento di capitale (cfr. comunicato stampa \u201cVariazione del capitale sociale<span class=\"_ _0\"></span>\u201d del 17 <span class=\"_ _1\"></span>febbra<span class=\"_ _0\"></span>io 2025) (Per maggiori dettagli si rinvia a quanto illustr<span class=\"_ _0\"></span>ato nella \u201cNota integrativa consolidata <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1\"></span><span class=\"ls32 ws5e\">Par<span class=\"_ _0\"></span>te<span class=\"ls1 ws1\"> <span class=\"ls11 ws5\">A <span class=\"_ _1c\"></span><span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">Po<span class=\"_ _0\"></span>litiche contabili <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">A.2 Parte relativa alle princ<span class=\"_ _0\"></span>ipali voci </span></span></span></span></span></span></span></span>del bilancio<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _0\"></span></span>Altre<span class=\"_ _0\"></span> informazioni <span class=\"ls1 ws1\">- <span class=\"_ _13\"></span></span>Long Term Incent<span class=\"_ _0\"></span>ive Plan (\u201cLTIP\u201d) de<span class=\"_ _0\"></span>l Bilancio conso<span class=\"_ _0\"></span>lidato al 31 dicembre 2024). Pertanto, alla data di approvazione del presente Bilancio consolidato, l<span class=\"ls32 ws5e\">a </span>Soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _1\"></span>non d<span class=\"_ _1\"></span>etien<span class=\"_ _1\"></span>e azi<span class=\"_ _1c\"></span>oni prop<span class=\"_ _1c\"></span>rie in p<span class=\"_ _1c\"></span>ortafogl<span class=\"_ _1\"></span>io.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Sulla base delle comunicazion<span class=\"_ _0\"></span>i rese ai s<span class=\"_ _1\"></span>ensi dell\u2019art<span class=\"_ _0\"></span>. 120 del D.Lgs. n. 58/98 e d<span class=\"_ _1\"></span>elle ulterior<span class=\"_ _0\"></span>i informazioni a dis<span class=\"_ _0\"></span>posizione della Societ<span class=\"_ _0\"></span>\u00e0, alla <span class=\"_ _1\"></span>data di<span class=\"_ _1\"></span> approvaz<span class=\"_ _1\"></span>ione de<span class=\"_ _1\"></span>l proget<span class=\"_ _1\"></span>to di <span class=\"_ _1\"></span>Bilancio d<span class=\"_ _1\"></span>a parte del <span class=\"_ _0\"></span>Consiglio di Ammin<span class=\"_ _0\"></span>istrazione, <span class=\"_ _0\"></span><span class=\"ls0 ws76\">l\u2019azionista detentor<span class=\"_ _0\"></span>e di partecipazioni rilev<span class=\"_ _0\"></span>anti in Anima </span>Hol<span class=\"_ _0\"></span>ding (soc<span class=\"_ _0\"></span>i che part<span class=\"_ _0\"></span>ecipa<span class=\"_ _0\"></span>no dire<span class=\"_ _0\"></span>ttamen<span class=\"_ _0\"></span>te o indi<span class=\"_ _0\"></span>retta<span class=\"_ _0\"></span>mente in m<span class=\"_ _0\"></span>isura<span class=\"_ _0\"></span> super<span class=\"_ _0\"></span>iore al 3% del capitale so<span class=\"_ _0\"></span>ciale ovvero 5% per le<span class=\"_ _0\"></span> c.d. \u201cpartecipazion<span class=\"_ _0\"></span>i gestite\u201d), risult<span class=\"_ _0\"></span>a essere Banco BPM, anche per <span class=\"_ _0\"></span>il t<span class=\"ls1c ws2a\">ramit<span class=\"_ _1\"></span>e di BBPM Vi<span class=\"_ _1\"></span>ta, con l\u201989<span class=\"_ _1\"></span>,949%<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span></span>Anima Holding non ha emesso azioni di godimento, obbligazion<span class=\"_ _0\"></span>i convertibili in azioni, n\u00e9 titoli o valori similar<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>rm<span class=\"_ _11\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>i d<span class=\"_ _13\"></span>i n<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>a<span class=\"ls1 ws1\"> </span>4.<span class=\"_ _d\"></span>1.<span class=\"_ _1c\"></span>2.<span class=\"_ _1\"></span>1 P<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>tr<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>m<span class=\"_ _0\"></span>oni<span class=\"_ _d\"></span>o de<span class=\"_ _0\"></span>l<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>\u2019<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>m<span class=\"_ _0\"></span>pr<span class=\"_ _1c\"></span>e<span class=\"_ _0\"></span>sa<span class=\"_ _d\"></span>: c<span class=\"_ _1c\"></span>om<span class=\"_ _0\"></span>posi<span class=\"_ _d\"></span>zi<span class=\"_ _d\"></span>one<span class=\"ls1 ws1\"> </span><table class=\"s wb2d h4b5\" id=\"_9d288054-3d83-4913-9a08-6475cdfe5c75\"><tr><td class=\"c xcc2 y385b w1c4 h284\"><div class=\"t m6b x24 h285 y2544 ff2 fs77 fc0 sc0 ls38f ws69f\">Voci<span class=\"_ _0\"></span>/Va<span class=\"_ _0\"></span>lor<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc3 y385d wb2e h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc4 y385d wb2f h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y385e wb30 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">1. Cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc6 y385e wb31 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">7.<span class=\"_ _0\"></span>422<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc7 y385e wb31 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y385f wb32 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">2. Sovrappre<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>i di e<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc8 y385f wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">787.<span class=\"_ _0\"></span>652<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc9 y385f wb34 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">787.652<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3860 wb35 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a1\">3.<span class=\"_ _15\"> </span>Ri<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcca y3860 wb36 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">629.645<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccb y3860 wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">590.<span class=\"_ _0\"></span>732<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3861 wb37 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- di u<span class=\"_ _1\"></span>tili<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccc y3861 wb38 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">726.420<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccd y3861 wb38 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">683.958<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcce y3862 wb39 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls394 ws6a5\">a) leg<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccf y3862 wb3a h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">1.484<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd0 y3862 wb3a h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">1.458<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcce y3863 wb3b h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">d) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd1 y3863 wb3c h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">724.934<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd2 y3863 wb3c h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">682.500<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3864 wb3d h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd3 y3864 wb3e h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(96.<span class=\"_ _0\"></span>775)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd4 y3864 wb3f h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(<span class=\"_ _0\"></span>93.226)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"t m6c xcd5 h287 y3865 ff2 fs78 fc0 sc0 ls395 ws6a6\">4.<span class=\"ff2b\"> </span><span class=\"ws6a7\">Azioni proprie<span class=\"_ _4ac\"> </span></span></td><td class=\"c xcd6 y3866 wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd7 y3866 wb41 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>529)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3867 wb42 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls396 ws6a8\">5.<span class=\"_ _1f\"> </span>Rise<span class=\"_ _0\"></span>rve da valutaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd8 y3867 wb36 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">201.217<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd9 y3867 wb43 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">91.<span class=\"_ _0\"></span>913<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3868 wb44 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- Titoli d<span class=\"_ _1\"></span>i c<span class=\"_ _0\"></span>apitale d<span class=\"_ _1\"></span>esig<span class=\"_ _0\"></span>nati al fair value<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>on impatto sulla redditivit\u00e0 comples<span class=\"_ _0\"></span>siva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcda y3868 wb45 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">201.<span class=\"_ _0\"></span>111<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdb y3868 wb46 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">92.148<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3869 wb47 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- Utili/per<span class=\"_ _1\"></span>dite attuar<span class=\"_ _1\"></span>iali relativi a pian<span class=\"_ _1\"></span>i previde<span class=\"_ _1\"></span>nziali a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdc y3869 wb48 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">106<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdd y3869 wb49 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(<span class=\"_ _0\"></span>235)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y386a wb4a h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">6. Str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nti d<span class=\"_ _0\"></span>i capit<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcde y386a wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdf y386a wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y386b wb4b h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">7. Utile<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>) d<span class=\"_ _0\"></span>'eserciz<span class=\"_ _0\"></span>io<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce0 y386b wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">266.<span class=\"_ _0\"></span>692<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce1 y386b wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">229.<span class=\"_ _0\"></span>900<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y345e wb4c h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls38f ws69f\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce2 y345e wb4d h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">1.<span class=\"_ _0\"></span>892.<span class=\"_ _13\"></span>628<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce3 y345e wb4e h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">1.<span class=\"_ _0\"></span>662.<span class=\"_ _0\"></span>959<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) D<span class=\"_ _13\"></span>ati re<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span>d p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r e<span class=\"_ _13\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>la<span class=\"_ _1\"></span> P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span> di<span class=\"_ _0\"></span> K<span class=\"_ _0\"></span>airo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> S<span class=\"_ _13\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span> de<span class=\"_ _13\"></span>lla P<span class=\"_ _0\"></span>PA<span class=\"_ _13\"></span> ri<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>ata da V<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a S<span class=\"_ _0\"></span>rl, s<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ia a qu<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _13\"></span> ne<span class=\"_ _13\"></span>lla N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> <span class=\"_ _1\"></span><span class=\"ls38d ws69e\">i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>a </span></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a, P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> A<span class=\"_ _13\"></span> <span class=\"ls1 ws1\">- <span class=\"ls16 ws1f0\">P<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> Co<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili, A<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>re<span class=\"_ _13\"></span> In<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>azio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>aragrafo<span class=\"_ _13\"></span> \"R<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span> B<span class=\"_ _0\"></span>ilan<span class=\"_ _0\"></span>cio<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span>024<span class=\"_ _0\"></span>\"</span> </span>Si ricorda che<span class=\"_ _0\"></span> l\u2019Assemblea degli Azionist<span class=\"_ _0\"></span>i della Societ\u00e0,<span class=\"_ _0\"></span> in data 31 marzo 2025, ha deliberato la distribuzion<span class=\"_ _0\"></span>e di un dividendo, pari ad Euro<span class=\"_ _0\"></span> 0,45 per azione (con esc<span class=\"_ _0\"></span>lusione delle azioni proprie detenute dalla Societ\u00e0), che \u00e8<span class=\"_ _0\"></span> stato pagato a <span class=\"_ _0\"></span>partire dal 19 maggio 2025 (stacco <span class=\"_ _0\"></span>della cedola n\u00b0 12 il <span class=\"_ _1\"></span>19 magg<span class=\"_ _1\"></span>io 202<span class=\"_ _1c\"></span>5 e record d<span class=\"_ _1\"></span>ate il<span class=\"_ _1\"></span> 20 mag<span class=\"_ _1\"></span>gio 20<span class=\"_ _1\"></span>25).<span class=\"_ _4ac\"> </span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _4ac\"> </span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> R<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>a v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al f<span class=\"_ _13\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>att<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _13\"></span>lla re<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _0\"></span>a: c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s wb23 h4b3\" id=\"_63612a20-78ce-4b13-b907-22e1b501145f\"><tr><td></td><td class=\"c xcb6 y3855 w1c8 h205\"><div class=\"t m6e xa4 h28b y2567 ff2 fs7a fc0 sc0 ls398 ws6ad\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcb7 y3855 w1c9 h205\"><div class=\"t m6e xf h28b y2567 ff2 fs7a fc0 sc0 ls398 ws6ad\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td><td></td></tr><tr><td class=\"c x622 y3856 w1c5 h288\"><div class=\"t m6d x24 h289 y2557 ff2 fs79 fc0 sc0 ls397 ws6aa\">At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0/Valori<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb6 y3857 w1c8 h28c\"><div class=\"t m6e x0 h28b y1e74 ff2 fs7a fc0 sc0 ls39d ws6b1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcb7 y3857 w1c9 h28c\"><div class=\"t m6e x12 h28b y1e74 ff2 fs7a fc0 sc0 ls39d ws6b1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x622 y3858 w1c5 h28a\"><div class=\"t m6e x174 h28b y2559 ff2 fs7a fc0 sc0 ls398 ws6ab\">Ris<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>it<span class=\"_ _13\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb8 y3858 w1c6 h28a\"><div class=\"t m6e x16b h28b y255a ff2 fs7a fc0 sc0 ls399 ws6ac\">Riserva </div></td><td class=\"c xcb7 y3858 w1c7 h28a\"><div class=\"t m6e x71 h28b y255a ff2 fs7a fc0 sc0 ls399 ws6ac\">Riserva </div></td><td class=\"c xcb9 y3858 w1c6 h28a\"><div class=\"t m6e x16b h28b y255a ff2 fs7a fc0 sc0 ls399 ws6ac\">Riserva </div></td></tr><tr><td></td><td></td><td class=\"c xcb8 y3858 w1c6 h28a\"><div class=\"t m6e x13f h28b y255b ff2 fs7a fc0 sc0 ls398 ws6ad\">ne<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb7 y3858 w1c7 h28a\"><div class=\"t m6e x13f h28b y255b ff2 fs7a fc0 sc0 ls398 ws6ad\">p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>va<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb9 y3858 w1c6 h28a\"><div class=\"t m6e x13f h28b y255b ff2 fs7a fc0 sc0 ls398 ws6ad\">ne<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y372c wb24 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m6e x8d4 h28b y3859 ff1 fs7a fc0 sc0 ls39b ws6af\">Titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y353a wb25 h4b4\"><div class=\"t m6e x1fa h28b y385a ff1 fs7a fc0 sc0 ls39a ws6ae\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m6e x8d4 h28b y3859 ff1 fs7a fc0 sc0 ls39b ws6af\">Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcba y353a wb26 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">201.<span class=\"_ _0\"></span>111<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcbb y353a wb27 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">92.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y353b wb28 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m6e x8d4 h28b y3859 ff1 fs7a fc0 sc0 ls39c ws6b0\">Finanzia<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcbc y353b wb29 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcbd y353b wb29 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xcbe y345e wb2a h441\"><div class=\"t m6e x1fa h28b y3859 ff2 fs7a fc0 sc0 ls398 ws6ad\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcbf y345e wb2b h441\"><div class=\"t m6e x1fa h28b y3859 ff2 fs7a fc0 sc0 ls39d ws6b1\">201.<span class=\"_ _0\"></span>111<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcc0 y345e wb2c h441\"><div class=\"t m6e x1fa h28b y3859 ff2 fs7a fc0 sc0 ls39d ws6b1\">92.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>Nella tabella sopra e<span class=\"_ _0\"></span>sposta, la voce \u201c2.<span class=\"_ _0\"></span> Titoli di capitale<span class=\"_ _0\"></span>\u201d accoglie la var<span class=\"_ _0\"></span>iazione del fair<span class=\"_ _0\"></span> value al 31 dicembre 2025 dei t<span class=\"_ _0\"></span>itoli azionari BMPS acquisiti dalla<span class=\"_ _0\"></span> Societ\u00e0.<span class=\"ls1 ws1\"> </span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> R<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>a v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> al f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> s<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>ll<span class=\"_ _0\"></span>a re<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _0\"></span>a: v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>iazio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>T<span class=\"_ _0\"></span>itoli di cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span>1.<span class=\"_ _4ac\"> </span>E<span class=\"_ _4ac\"> </span>sist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span>92.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span>2.<span class=\"_ _4ac\"> </span>V<span class=\"_ _4ac\"> </span>ariazioni p<span class=\"_ _0\"></span>ositive<span class=\"_ _4ac\"> </span>108.<span class=\"_ _0\"></span>963  2.<span class=\"_ _1\"></span>1  Increm<span class=\"_ _0\"></span>enti di fair valu<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span>108.963<span class=\"_ _4ac\"> </span>3.<span class=\"_ _4ac\"> </span>V<span class=\"_ _4ac\"> </span>ariazioni negat<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span>-  3.<span class=\"_ _1\"></span>1 R<span class=\"_ _1\"></span>iduz<span class=\"_ _1\"></span>ioni di fair value<span class=\"_ _4ac\"> </span>-<span class=\"_ _31c\"></span> 4.<span class=\"_ _4ac\"> </span>R<span class=\"_ _4ac\"> </span>im<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali<span class=\"_ _4ac\"> </span>201.<span class=\"_ _0\"></span>111",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-710": {
   "value": "Sezione 11 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>atrimoni<span class=\"_ _0\"></span>o </span>\u2013 </span>Voci 110, 120, 130, 140, 150 e 160<span class=\"ff1 fs0 ls1 ws1\"> </span>1<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>l \u201cC<span class=\"_ _13\"></span>ap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span>\u201d<span class=\"ls1 ws1\"> </span><table class=\"s w8be h488\" id=\"_76052115-01fd-474f-a74a-48df6aedf3df\"><tr><td class=\"c x212 y3728 w8bf h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26a ws515\">T<span class=\"_ _0\"></span>ipologie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ae y3728 w8c0 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9af y3728 w8c1 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3729 w8c2 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26a ws517\">1. Cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b0 y3729 w8c3 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">7.<span class=\"_ _0\"></span>422<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b1 y3729 w8c3 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls26b ws516\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3681 w8c4 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26c ws518\">1.<span class=\"_ _1\"></span>1 Azioni or<span class=\"_ _1\"></span>dinarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b2 y3681 w8c5 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26d ws519\">7.422<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b3 y3681 w8c6 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26d ws519\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8c7 h441\"><div class=\"t m47 x1fa h1fe y353d ff1 fs52 fc0 sc0 ls26c ws518\">1.<span class=\"_ _1\"></span>2 Altre az<span class=\"_ _1\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b4 y345e w8c8 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b5 y345e w8c9 h441\"><div class=\"t m47 x1fa h1fe y353d ff2 fs52 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>Al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>5 il <span class=\"_ _1\"></span>capital<span class=\"_ _1\"></span>e social<span class=\"_ _1c\"></span>e \u00e8 pari <span class=\"_ _1\"></span>a Euro <span class=\"_ _1\"></span>7.421<span class=\"_ _1\"></span>.605,<span class=\"_ _1\"></span>63 ed <span class=\"_ _1\"></span>\u00e8 rapp<span class=\"_ _1\"></span>resenta<span class=\"_ _1\"></span>to da n\u00b0<span class=\"_ _1\"></span> 325.2<span class=\"_ _1\"></span>15.817<span class=\"_ _1\"></span> azio<span class=\"_ _1\"></span>ni ordi<span class=\"_ _1c\"></span>narie priv<span class=\"_ _1\"></span>e di va<span class=\"_ _1\"></span>lore n<span class=\"_ _1\"></span>ominal<span class=\"_ _1c\"></span>e.<span class=\"ls1 ws1\"> </span>Si ric<span class=\"_ _1\"></span>orda ch<span class=\"_ _1\"></span>e in da<span class=\"_ _1\"></span>ta 17 f<span class=\"_ _1\"></span>ebbrai<span class=\"_ _1c\"></span>o 2025 \u00e8 avv<span class=\"_ _1c\"></span>enuto il<span class=\"_ _1\"></span> deposi<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>\u2019attesta<span class=\"_ _1c\"></span>zione di <span class=\"_ _1\"></span>emissi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>i n\u00b0 5.899.814 nuo<span class=\"_ _0\"></span>ve azioni ordinarie, per nominali Euro 129.795,91<span class=\"_ _0\"></span> (si rinvia a quanto illustrato nel paragrafo \u201cVariazione del capitale sociale\u201d<span class=\"_ _1\"></span> della Relazion<span class=\"ls0 wsb1\">e sulla gestione consolidata al 31 </span>dicemb<span class=\"_ _1c\"></span>re 2025 c<span class=\"_ _1\"></span>he acc<span class=\"_ _1c\"></span>om<span class=\"_ _0\"></span>pag<span class=\"_ _1c\"></span>na il pres<span class=\"_ _1c\"></span>ente Bila<span class=\"_ _1\"></span>ncio C<span class=\"_ _1\"></span>onsolid<span class=\"_ _1\"></span>ato).<span class=\"_ _1\"></span>  <span class=\"ls1 ws1\"> </span>Le azi<span class=\"_ _1c\"></span>oni dell<span class=\"_ _1\"></span>a Socie<span class=\"_ _1c\"></span>t\u00e0 sono q<span class=\"_ _1\"></span>uotat<span class=\"_ _1\"></span>e al M<span class=\"_ _1\"></span>ercat<span class=\"_ _1\"></span>o Tele<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>co Azi<span class=\"_ _1\"></span>onari<span class=\"_ _1c\"></span>o organizz<span class=\"_ _1\"></span>ato e <span class=\"_ _1\"></span>gesti<span class=\"_ _1c\"></span>to da Borsa <span class=\"_ _0\"></span>italiana S.p.A. dal 16<span class=\"_ _0\"></span> aprile 2014.<span class=\"_ _4ac\"> </span><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs7ea\">1<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> \u201cA<span class=\"_ _11\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs7eb\"><table class=\"s w8de h48b\" id=\"_12eae15b-2990-420f-9fab-8a1c06336a0d\"><tr><td class=\"c x212 y372f w8df h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls26e ws51a\">T<span class=\"_ _0\"></span>ipologie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c5 y372f w8e0 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls26f ws51b\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c6 y372f w8e1 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls26f ws51b\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3730 w8e2 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls26e ws51c\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m48 x8aa h200 y3536 ff2 fs53 fc0 sc0 ls26e ws51c\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m48 x8ab h200 y3536 ff2 fs53 fc0 sc0 ls26e ws51c\">zioni prop<span class=\"_ _0\"></span>rie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c7 y3730 w8e3 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c8 y3730 w8e4 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls26f ws51b\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>529)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3731 w8e5 h43f\"><div class=\"t m48 x1fa h200 y3536 ff1 fs53 fc0 sc0 ls270 ws51d\">1.<span class=\"_ _1\"></span>1 Azioni or<span class=\"_ _1\"></span>dinarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c9 y3731 w8e6 h43f\"><div class=\"t m48 x1fa h200 y3536 ff1 fs53 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ca y3731 w8e7 h43f\"><div class=\"t m48 x1fa h200 y3536 ff1 fs53 fc0 sc0 ls271 ws51e\">(<span class=\"_ _0\"></span>44.529)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8e8 h43f\"><div class=\"t m48 x1fa h200 y3536 ff1 fs53 fc0 sc0 ls270 ws51d\">1.<span class=\"_ _1\"></span>2 Altre az<span class=\"_ _1\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9cb y345e w8e6 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9cc y345e w8e3 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs7ec\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs7ed\">l 31 d<span class=\"_ _1\"></span>icembr<span class=\"_ _1\"></span>e 202<span class=\"_ _1\"></span>4, la <span class=\"_ _1c\"></span>Societ\u00e0 de<span class=\"_ _1\"></span>teneva<span class=\"_ _1\"></span> n\u00b0 <span class=\"_ _1\"></span>9.441.7<span class=\"_ _1\"></span>30 azi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>roprie<span class=\"_ _1c\"></span>,<span class=\"_ _0\"></span> p<span class=\"_ _1\"></span>rive di v<span class=\"_ _1c\"></span>alore no<span class=\"_ _1\"></span>minal<span class=\"_ _1\"></span>e, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs7ee\">pari a cir<span class=\"_ _0\"></span>ca il 2,96% del capit<span class=\"_ _0\"></span>ale sociale; il c<span class=\"_ _0\"></span>ontrovalore de<span class=\"_ _0\"></span>lle azioni deten<span class=\"_ _0\"></span>ute, iscritto ne<span class=\"_ _0\"></span>lla riserva </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws94 gs7ef\">nega<span class=\"_ _1\"></span>tiva d<span class=\"_ _1\"></span>i Patri<span class=\"_ _1c\"></span>monio Net<span class=\"_ _1\"></span>to e c<span class=\"_ _1\"></span>ompre<span class=\"_ _1\"></span>nsivo <span class=\"_ _1\"></span>degl<span class=\"_ _1\"></span>i oneri<span class=\"_ _1\"></span><span class=\"ls11 ws140\">/proventi accessori, era par<span class=\"_ _0\"></span>i a circa Euro </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs7f0\">44,5 <span class=\"_ _1\"></span>milio<span class=\"_ _1\"></span>ni, c<span class=\"_ _1\"></span>orrisp<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>d un p<span class=\"_ _1\"></span>rezz<span class=\"_ _1\"></span>o med<span class=\"_ _1\"></span>io uni<span class=\"_ _1\"></span>tario d<span class=\"_ _1\"></span>i ci<span class=\"_ _1\"></span>rca E<span class=\"_ _1\"></span>uro 4,<span class=\"_ _1\"></span>716. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws6f gs7f1\">Come g<span class=\"_ _1\"></span>i\u00e0 in p<span class=\"_ _1\"></span>reced<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a ill<span class=\"_ _1\"></span>ustrat<span class=\"_ _1\"></span>o, in da<span class=\"_ _1\"></span>ta 12 feb<span class=\"_ _1\"></span>brai<span class=\"_ _1\"></span>o 2025<span class=\"_ _1\"></span>, dop<span class=\"_ _1\"></span>o aver v<span class=\"_ _1\"></span>erifi<span class=\"_ _1\"></span>cato l<span class=\"_ _1\"></span>e Condi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws95 gs7f2\">di P<span class=\"_ _1\"></span>ermanenza<span class=\"_ _1c\"></span>, sono state a<span class=\"_ _1c\"></span>ttribuite a<span class=\"_ _1\"></span>i Benef<span class=\"_ _1\"></span>icia<span class=\"_ _1\"></span>ri n\u00b0 15.<span class=\"_ _1\"></span>341.5<span class=\"_ _1\"></span>44 azioni<span class=\"_ _1\"></span> in rela<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ai Pia<span class=\"_ _1\"></span>ni LTIP<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws27 gs7f3\">21<span class=\"ls1 ws1\">-</span><span class=\"ws7b\">23 e L<span class=\"_ _1\"></span>TIP 24<span class=\"ls1 ws1\">-<span class=\"_ _1\"></span><span class=\"ls0 ws74\">26, con l\u2019<span class=\"_ _0\"></span>utilizzo di n\u00b0 9<span class=\"_ _0\"></span>.441.730 azioni pro<span class=\"_ _0\"></span>prie detenute nel por<span class=\"_ _0\"></span>tafoglio dalla<span class=\"_ _4ac\"> </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsdd gs7f4\">Soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _1\"></span>e n\u00b0 5<span class=\"_ _1\"></span>.899<span class=\"_ _1\"></span>.814<span class=\"_ _1\"></span> azio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>eriva<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>al so<span class=\"_ _1\"></span>prac<span class=\"_ _1\"></span>itato<span class=\"_ _1c\"></span> aument<span class=\"_ _1c\"></span>o di ca<span class=\"_ _1\"></span>pital<span class=\"_ _1\"></span>e. Pe<span class=\"_ _1\"></span>rtan<span class=\"_ _1\"></span>to, <span class=\"_ _1\"></span>si<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs7f5\">conferma che al 31 dicem<span class=\"_ _0\"></span>bre 2025 la Societ\u00e0 non detiene<span class=\"_ _0\"></span> azioni proprie in portafoglio.<span class=\"_ _4ac\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs7f6\">1<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>i \u201cS<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>rap<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _11\"></span>z<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>i e<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"ls1 ws1\"> </span></div><div class=\"gs7f7\"><table class=\"s w8d7 h48a\" id=\"_9e0ea37c-65f2-48ee-a80f-0237d798a961\"><tr><td class=\"c x212 y372e w8d8 h441\"><div class=\"t m49 x1fa h202 y372d ff2 fs54 fc0 sc0 ls272 ws51f\">T<span class=\"_ _0\"></span>ipologie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c1 y372e w8d9 h441\"><div class=\"t m49 x1fa h202 y372d ff2 fs54 fc0 sc0 ls273 ws520\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c2 y372e w8da h441\"><div class=\"t m49 x1fa h202 y372d ff2 fs54 fc0 sc0 ls273 ws520\">31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8db h441\"><div class=\"t m49 x1fa h202 y372d ff1 fs54 fc0 sc0 ls274 ws521\">Sovrappr<span class=\"_ _1\"></span>ezz<span class=\"_ _1\"></span>i di emis<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c3 y345e w8dc h441\"><div class=\"t m49 x1fa h202 y372d ff1 fs54 fc0 sc0 ls275 ws522\">787.<span class=\"_ _0\"></span>652<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c4 y345e w8dd h441\"><div class=\"t m49 x1fa h202 y372d ff1 fs54 fc0 sc0 ls275 ws522\">787.652<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs7f8\">Sezione 12 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">P<span class=\"_ _0\"></span>atrimoni<span class=\"_ _0\"></span>o di pe<span class=\"_ _0\"></span>rtinen<span class=\"_ _0\"></span>za di terz<span class=\"_ _0\"></span>i </span>\u2013 </span>Voci 180<span class=\"ff1 fs0 ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs7f9\">1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lla v<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> 1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> \u201cP<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>im<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>i t<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span></div><div class=\"gs7fa\"><table class=\"s w8ca h489\" id=\"_483d9665-a189-4f85-89ad-c60091e7ca3d\"><tr><td class=\"c x405 y372a w178 h203\"><div class=\"t m4a x24 h204 y1e72 ff1 fs55 fc0 sc0 ls276 ws523\">Voc<span class=\"_ _0\"></span>i/Valori<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b6 y372b w8cb h453\"><div class=\"t m4a x1fa h204 y35c1 ff2 fs55 fc0 sc0 ls277 ws524\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b7 y372b w8cc h453\"><div class=\"t m4a x1fa h204 y35c1 ff2 fs55 fc0 sc0 ls277 ws525\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y372c w8cd h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws526\">5. Ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b8 y372c w8ce h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">16.588<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9b9 y372c w8cf h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">16.670<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353a w8d0 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">6.<span class=\"_ _4ac\"> </span></div><div class=\"t m4a x8aa h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">R<span class=\"_ _4ac\"> </span></div><div class=\"t m4a x9ba h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">is<span class=\"_ _0\"></span>erve d<span class=\"_ _1\"></span>a Valutazio<span class=\"_ _1\"></span>ne<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9bb y353a w8d1 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">69<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9bc y353a w8d1 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">58<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353b w8d2 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">7.<span class=\"_ _4ac\"> </span></div><div class=\"t m4a x8aa h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">U<span class=\"_ _4ac\"> </span></div><div class=\"t m4a x8ab h204 y35c1 ff1 fs55 fc0 sc0 ls279 ws528\">tile (Perdita<span class=\"_ _1\"></span>) dell'e<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9bd y353b w8d3 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">449<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9be y353b w8d4 h453\"><div class=\"t m4a x1fa h204 y35c1 ff1 fs55 fc0 sc0 ls278 ws527\">(83)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8d5 h453\"><div class=\"t m4a x1fa h204 y35c1 ff2 fs55 fc0 sc0 ls27a ws529\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9bf y345e w8d6 h453\"><div class=\"t m4a x1fa h204 y35c1 ff2 fs55 fc0 sc0 ls277 ws524\">17.<span class=\"_ _0\"></span>107<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c0 y345e w8d6 h453\"><div class=\"t m4a x1fa h204 y35c1 ff2 fs55 fc0 sc0 ls277 ws524\">16.<span class=\"_ _0\"></span>645<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h1b ff1 fsc fc0 sc0 ls53 ws15c gs7fb\">(*) Dat<span class=\"_ _1\"></span>i restate<span class=\"_ _1\"></span>d per ef<span class=\"_ _1\"></span>fetto del<span class=\"_ _1\"></span>la PPA di<span class=\"_ _1\"></span> Kai<span class=\"_ _1\"></span>ros SG<span class=\"_ _1\"></span>R e della PP<span class=\"_ _1\"></span>A rilev<span class=\"_ _1\"></span>ata da Vit<span class=\"_ _1\"></span>a Srl,<span class=\"_ _1\"></span> si rinvia a<span class=\"_ _1\"></span> quanto<span class=\"_ _1\"></span> esposto<span class=\"_ _1\"></span> nella No<span class=\"_ _1c\"></span>ta<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>integrativ<span class=\"_ _1c\"></span>a consolidata,<span class=\"_ _1\"></span> Parte <span class=\"_ _1\"></span>A <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span></span><span class=\"ws15d\">Pol<span class=\"_ _1\"></span>itiche Conta<span class=\"_ _1\"></span>bili,<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h1b ff1 fsc fc0 sc0 ls53 ws15e gs7fc\">Altre Info<span class=\"_ _1\"></span>rmazion<span class=\"_ _1\"></span>i paragr<span class=\"_ _1\"></span>afo \"Restate<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>ent B<span class=\"_ _1\"></span>ilancio 202<span class=\"_ _1\"></span>4\"<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs7fd\">La voce fornisce l\u2019evidenza del patrimonio netto di pertinenza di terzi per un importo pari a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws59 gs7fe\">circa<span class=\"_ _1c\"></span> Euro <span class=\"_ _1\"></span>17,1 <span class=\"_ _1c\"></span>milioni<span class=\"_ _1\"></span>, det<span class=\"_ _1\"></span>enu<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span> (i) <span class=\"_ _1\"></span>OCM<span class=\"_ _1\"></span> OPP<span class=\"_ _1\"></span>S Xb<span class=\"_ _1\"></span> Inve<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>ents (<span class=\"_ _1\"></span>Ca<span class=\"_ _1\"></span>stell<span class=\"_ _1\"></span>o) S.a<span class=\"_ _1c\"></span>.r.l. p<span class=\"_ _1c\"></span>er il 2<span class=\"_ _1\"></span>0%<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs7ff\">del patr<span class=\"_ _0\"></span>imonio netto di Castello SGR e (ii) Halldis S.p.<span class=\"_ _0\"></span>A. per il<span class=\"ls1 ws1\"> <span class=\"ls1d ws6a\">21% e C<span class=\"_ _0\"></span>ompas<span class=\"_ _0\"></span>s Rock per<span class=\"_ _0\"></span> il 2,<span class=\"_ _0\"></span>95% </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs800\">del pa<span class=\"_ _1\"></span>trim<span class=\"_ _1\"></span>onio ne<span class=\"_ _1c\"></span>tto di Vita Srl<span class=\"_ _1c\"></span>.<span class=\"ls1 ws1\"> </span><span class=\"ls1 ws1\"> </span></div>Sezione 4 <span class=\"ls1 ws1\">\u2013 <span class=\"lsb ws3c\">Informazioni sul patr<span class=\"_ _1\"></span>imonio<span class=\"ff1 fs0 ls1 ws1\"> </span></span></span>4.1 Il patrimonio dell\u2019im<span class=\"_ _1\"></span>presa <span class=\"ls1 ws1\"> </span>4.1.<span class=\"_ _1\"></span>1 Inform<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zi<span class=\"_ _1c\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i di<span class=\"_ _1\"></span> na<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span> <span class=\"ls11 ws5\">q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>alitat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> </span></span>Il cap<span class=\"_ _1\"></span>itale s<span class=\"_ _1\"></span>ocial<span class=\"_ _1\"></span>e della <span class=\"_ _1\"></span>Socie<span class=\"_ _1\"></span>t\u00e0 al <span class=\"_ _1\"></span>31 dice<span class=\"_ _1\"></span>mbre 2<span class=\"_ _1\"></span>025 \u00e8 i<span class=\"_ _1\"></span>ntera<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> sotto<span class=\"_ _1\"></span>scritt<span class=\"_ _1\"></span>o e ve<span class=\"_ _1\"></span>rsato e ri<span class=\"_ _1c\"></span>sulta esser<span class=\"_ _1\"></span>e pari<span class=\"_ _1\"></span> a Eu<span class=\"_ _1\"></span>ro 7.42<span class=\"_ _1c\"></span>1.605,63 d<span class=\"_ _1\"></span>ivis<span class=\"_ _1\"></span>o in n\u00b0<span class=\"_ _1\"></span> 325.<span class=\"_ _1\"></span>215.8<span class=\"_ _1\"></span>17 azi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>rive d<span class=\"_ _1c\"></span>ell\u2019indica<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> del valor<span class=\"_ _1\"></span>e nomi<span class=\"_ _1c\"></span>nale. <span class=\"ls1 ws1\"> </span>Le azi<span class=\"_ _1c\"></span>oni dell<span class=\"_ _1\"></span>a Socie<span class=\"_ _1c\"></span>t\u00e0 sono q<span class=\"_ _1\"></span>uotat<span class=\"_ _1\"></span>e al M<span class=\"_ _1\"></span>ercat<span class=\"_ _1\"></span>o Tele<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>co Azi<span class=\"_ _1\"></span>onari<span class=\"_ _1c\"></span>o organizz<span class=\"_ _1\"></span>ato e <span class=\"_ _1\"></span>gesti<span class=\"_ _1c\"></span>to da Borsa <span class=\"_ _0\"></span>italiana S.p.A. dal 16<span class=\"_ _0\"></span> aprile 2014.<span class=\"ls1 ws1\"> </span>Si ricorda che in data 17 febbraio 2025 (cfr. com<span class=\"_ _1\"></span>un<span class=\"_ _0\"></span>icato stampa \u201cVariazi<span class=\"_ _1\"></span>one del capitale sociale\u201d del 17 f<span class=\"_ _1c\"></span>ebbraio 20<span class=\"_ _1\"></span>25) \u00e8 <span class=\"_ _1\"></span>avvenu<span class=\"_ _1\"></span>to il dep<span class=\"_ _1c\"></span>osito dell<span class=\"_ _1\"></span>\u2019attes<span class=\"_ _1\"></span>tazion<span class=\"_ _1\"></span>e di emi<span class=\"_ _1\"></span>ssione d<span class=\"_ _1\"></span>i n\u00b0 5.<span class=\"_ _1\"></span>899.8<span class=\"_ _1\"></span>14 nuov<span class=\"_ _1\"></span>e azioni<span class=\"_ _1\"></span> ord<span class=\"_ _1\"></span>inari<span class=\"_ _1\"></span>e, god<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>regola<span class=\"_ _1\"></span>re, al<span class=\"_ _1c\"></span> servizi<span class=\"_ _1c\"></span>o del pi<span class=\"_ _1\"></span>ano <span class=\"ls1c ws147\">L<span class=\"_ _1\"></span>TIP 24<span class=\"ls1 ws1\">-<span class=\"_ _1\"></span><span class=\"ls31 ws94\">26<span class=\"_ _0\"></span> per massim<span class=\"_ _0\"></span>i nomina<span class=\"_ _0\"></span>li Euro </span></span></span>129.79<span class=\"_ _0\"></span>5,91, media<span class=\"_ _0\"></span>nte imputaz<span class=\"_ _0\"></span>ione a capit<span class=\"_ _0\"></span>ale di un importo di<span class=\"_ _0\"></span> corrispon<span class=\"_ _0\"></span>dente ammonta<span class=\"_ _0\"></span>re tratto dalle<span class=\"_ _0\"></span> riserve disponibili, in esecu<span class=\"_ _0\"></span>zione della delibera di aumento di capitale<span class=\"_ _0\"></span> sociale a titolo gratuito<span class=\"_ _0\"></span> approvata dal C<span class=\"_ _0\"></span>onsigl<span class=\"ls30 wsba\">io di A<span class=\"_ _1\"></span>mmini<span class=\"_ _1\"></span>stra<span class=\"_ _1\"></span>zione i<span class=\"_ _1c\"></span>n data 5 f<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>raio 202<span class=\"_ _1\"></span>5 (cf<span class=\"_ _1\"></span>r. com<span class=\"_ _1c\"></span>unicato<span class=\"_ _1c\"></span> </span>stamp<span class=\"_ _1\"></span>a \u201cRisul<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _1\"></span> consol<span class=\"_ _1\"></span>idati p<span class=\"_ _1\"></span>er l\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1\"></span>o 202<span class=\"_ _1\"></span>4\u201d del 5 f<span class=\"_ _1\"></span>ebbrai<span class=\"_ _1\"></span>o 2025)<span class=\"_ _1c\"></span>, in parzial<span class=\"_ _1\"></span>e ese<span class=\"_ _1\"></span>rcizio<span class=\"_ _1c\"></span> dell\u2019autor<span class=\"_ _0\"></span>izzazione conferita ai sensi dell\u2019art. 2443 C.C. dall\u2019Assemblea Str<span class=\"_ _0\"></span>aordinaria degli Azi<span class=\"ls1c ws2a\">onisti<span class=\"_ _1\"></span> del 28 marz<span class=\"_ _1\"></span>o 2024.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Si informa che<span class=\"_ _0\"></span> in data 12 febbraio<span class=\"_ _0\"></span> 2025, verificate le<span class=\"_ _0\"></span> Condizioni di Permanenz<span class=\"_ _0\"></span>a, sono state attribu<span class=\"_ _0\"></span>ite ai Beneficiari n\u00b0 15.341.544 azioni in relazione ai Piani LTIP 21<span class=\"ls1 ws1\">-<span class=\"ls1c ws102\">23 e LTIP 24</span>-<span class=\"_ _1\"></span><span class=\"ls1d ws7b\">26,<span class=\"_ _0\"></span> con </span></span>l\u2019utilizzo<span class=\"_ _0\"></span> di n\u00b0 9.441.730 azioni propr<span class=\"_ _0\"></span>ie detenute nel portafoglio<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"ls1d wsda\">dalla S<span class=\"_ _0\"></span>ociet<span class=\"_ _0\"></span>\u00e0 e n\u00b0 5.8<span class=\"_ _0\"></span>99.814<span class=\"_ _0\"></span> </span></span>azioni derivanti dal predetto<span class=\"_ _0\"></span> aumento di capitale (cfr. comunicato stampa \u201cVariazione del capitale sociale<span class=\"_ _0\"></span>\u201d del 17 <span class=\"_ _1\"></span>febbra<span class=\"_ _0\"></span>io 2025) (Per maggiori dettagli si rinvia a quanto illustr<span class=\"_ _0\"></span>ato nella \u201cNota integrativa consolidata <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1\"></span><span class=\"ls32 ws5e\">Par<span class=\"_ _0\"></span>te<span class=\"ls1 ws1\"> <span class=\"ls11 ws5\">A <span class=\"_ _1c\"></span><span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">Po<span class=\"_ _0\"></span>litiche contabili <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">A.2 Parte relativa alle princ<span class=\"_ _0\"></span>ipali voci </span></span></span></span></span></span></span></span>del bilancio<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _0\"></span></span>Altre<span class=\"_ _0\"></span> informazioni <span class=\"ls1 ws1\">- <span class=\"_ _13\"></span></span>Long Term Incent<span class=\"_ _0\"></span>ive Plan (\u201cLTIP\u201d) de<span class=\"_ _0\"></span>l Bilancio conso<span class=\"_ _0\"></span>lidato al 31 dicembre 2024). Pertanto, alla data di approvazione del presente Bilancio consolidato, l<span class=\"ls32 ws5e\">a </span>Soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _1\"></span>non d<span class=\"_ _1\"></span>etien<span class=\"_ _1\"></span>e azi<span class=\"_ _1c\"></span>oni prop<span class=\"_ _1c\"></span>rie in p<span class=\"_ _1c\"></span>ortafogl<span class=\"_ _1\"></span>io.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Sulla base delle comunicazion<span class=\"_ _0\"></span>i rese ai s<span class=\"_ _1\"></span>ensi dell\u2019art<span class=\"_ _0\"></span>. 120 del D.Lgs. n. 58/98 e d<span class=\"_ _1\"></span>elle ulterior<span class=\"_ _0\"></span>i informazioni a dis<span class=\"_ _0\"></span>posizione della Societ<span class=\"_ _0\"></span>\u00e0, alla <span class=\"_ _1\"></span>data di<span class=\"_ _1\"></span> approvaz<span class=\"_ _1\"></span>ione de<span class=\"_ _1\"></span>l proget<span class=\"_ _1\"></span>to di <span class=\"_ _1\"></span>Bilancio d<span class=\"_ _1\"></span>a parte del <span class=\"_ _0\"></span>Consiglio di Ammin<span class=\"_ _0\"></span>istrazione, <span class=\"_ _0\"></span><span class=\"ls0 ws76\">l\u2019azionista detentor<span class=\"_ _0\"></span>e di partecipazioni rilev<span class=\"_ _0\"></span>anti in Anima </span>Hol<span class=\"_ _0\"></span>ding (soc<span class=\"_ _0\"></span>i che part<span class=\"_ _0\"></span>ecipa<span class=\"_ _0\"></span>no dire<span class=\"_ _0\"></span>ttamen<span class=\"_ _0\"></span>te o indi<span class=\"_ _0\"></span>retta<span class=\"_ _0\"></span>mente in m<span class=\"_ _0\"></span>isura<span class=\"_ _0\"></span> super<span class=\"_ _0\"></span>iore al 3% del capitale so<span class=\"_ _0\"></span>ciale ovvero 5% per le<span class=\"_ _0\"></span> c.d. \u201cpartecipazion<span class=\"_ _0\"></span>i gestite\u201d), risult<span class=\"_ _0\"></span>a essere Banco BPM, anche per <span class=\"_ _0\"></span>il t<span class=\"ls1c ws2a\">ramit<span class=\"_ _1\"></span>e di BBPM Vi<span class=\"_ _1\"></span>ta, con l\u201989<span class=\"_ _1\"></span>,949%<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span></span>Anima Holding non ha emesso azioni di godimento, obbligazion<span class=\"_ _0\"></span>i convertibili in azioni, n\u00e9 titoli o valori similar<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls33 ws2 gsa39\">4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>rm<span class=\"_ _11\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>i d<span class=\"_ _13\"></span>i n<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>a<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls50 ws14b gsa3a\">4.<span class=\"_ _d\"></span>1.<span class=\"_ _1c\"></span>2</div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls50 ws14b gsa3b\">.<span class=\"_ _1\"></span>1 P<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>tr<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>m<span class=\"_ _0\"></span>oni<span class=\"_ _d\"></span>o de<span class=\"_ _0\"></span>l<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>\u2019<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>m<span class=\"_ _0\"></span>pr<span class=\"_ _1c\"></span>e<span class=\"_ _0\"></span>sa<span class=\"_ _d\"></span>: c<span class=\"_ _1c\"></span>om<span class=\"_ _0\"></span>posi<span class=\"_ _d\"></span>zi<span class=\"_ _d\"></span>one<span class=\"ls1 ws1\"> </span></div><div class=\"gsa3c\"><table class=\"s wb2d h4b5\" id=\"_9d288054-3d83-4913-9a08-6475cdfe5c75\"><tr><td class=\"c xcc2 y385b w1c4 h284\"><div class=\"t m6b x24 h285 y2544 ff2 fs77 fc0 sc0 ls38f ws69f\">Voci<span class=\"_ _0\"></span>/Va<span class=\"_ _0\"></span>lor<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc3 y385d wb2e h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc4 y385d wb2f h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y385e wb30 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">1. Cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc6 y385e wb31 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">7.<span class=\"_ _0\"></span>422<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc7 y385e wb31 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y385f wb32 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">2. Sovrappre<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>i di e<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc8 y385f wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">787.<span class=\"_ _0\"></span>652<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc9 y385f wb34 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">787.652<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3860 wb35 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a1\">3.<span class=\"_ _15\"> </span>Ri<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcca y3860 wb36 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">629.645<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccb y3860 wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">590.<span class=\"_ _0\"></span>732<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3861 wb37 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- di u<span class=\"_ _1\"></span>tili<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccc y3861 wb38 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">726.420<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccd y3861 wb38 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">683.958<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcce y3862 wb39 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls394 ws6a5\">a) leg<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccf y3862 wb3a h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">1.484<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd0 y3862 wb3a h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">1.458<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcce y3863 wb3b h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">d) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd1 y3863 wb3c h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">724.934<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd2 y3863 wb3c h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">682.500<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3864 wb3d h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd3 y3864 wb3e h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(96.<span class=\"_ _0\"></span>775)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd4 y3864 wb3f h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(<span class=\"_ _0\"></span>93.226)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"t m6c xcd5 h287 y3865 ff2 fs78 fc0 sc0 ls395 ws6a6\">4.<span class=\"ff2b\"> </span><span class=\"ws6a7\">Azioni proprie<span class=\"_ _4ac\"> </span></span></td><td class=\"c xcd6 y3866 wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd7 y3866 wb41 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>529)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3867 wb42 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls396 ws6a8\">5.<span class=\"_ _1f\"> </span>Rise<span class=\"_ _0\"></span>rve da valutaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd8 y3867 wb36 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">201.217<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd9 y3867 wb43 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">91.<span class=\"_ _0\"></span>913<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3868 wb44 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- Titoli d<span class=\"_ _1\"></span>i c<span class=\"_ _0\"></span>apitale d<span class=\"_ _1\"></span>esig<span class=\"_ _0\"></span>nati al fair value<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>on impatto sulla redditivit\u00e0 comples<span class=\"_ _0\"></span>siva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcda y3868 wb45 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">201.<span class=\"_ _0\"></span>111<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdb y3868 wb46 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">92.148<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3869 wb47 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- Utili/per<span class=\"_ _1\"></span>dite attuar<span class=\"_ _1\"></span>iali relativi a pian<span class=\"_ _1\"></span>i previde<span class=\"_ _1\"></span>nziali a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdc y3869 wb48 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">106<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdd y3869 wb49 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(<span class=\"_ _0\"></span>235)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y386a wb4a h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">6. Str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nti d<span class=\"_ _0\"></span>i capit<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcde y386a wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdf y386a wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y386b wb4b h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">7. Utile<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>) d<span class=\"_ _0\"></span>'eserciz<span class=\"_ _0\"></span>io<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce0 y386b wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">266.<span class=\"_ _0\"></span>692<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce1 y386b wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">229.<span class=\"_ _0\"></span>900<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y345e wb4c h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls38f ws69f\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce2 y345e wb4d h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">1.<span class=\"_ _0\"></span>892.<span class=\"_ _13\"></span>628<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce3 y345e wb4e h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">1.<span class=\"_ _0\"></span>662.<span class=\"_ _0\"></span>959<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h188 ff5 fs8 fc0 sc0 ls16 ws1ee gsa3d\">(*) D<span class=\"_ _13\"></span>ati re<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span>d p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r e<span class=\"_ _13\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>la<span class=\"_ _1\"></span> P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span> di<span class=\"_ _0\"></span> K<span class=\"_ _0\"></span>airo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> S<span class=\"_ _13\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span> de<span class=\"_ _13\"></span>lla P<span class=\"_ _0\"></span>PA<span class=\"_ _13\"></span> ri<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>ata da V<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a S<span class=\"_ _0\"></span>rl, s<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ia a qu<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _13\"></span> ne<span class=\"_ _13\"></span>lla N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> <span class=\"_ _1\"></span><span class=\"ls38d ws69e\">i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>a </span></span></div><div class=\"t m0 h188 ff5 fs8 fc0 sc0 ls38e ws1e6 gsa3e\">c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a, P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> A<span class=\"_ _13\"></span> <span class=\"ls1 ws1\">- <span class=\"ls16 ws1f0\">P<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> Co<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili, A<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>re<span class=\"_ _13\"></span> In<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>azio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>aragrafo<span class=\"_ _13\"></span> \"R<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span> B<span class=\"_ _0\"></span>ilan<span class=\"_ _0\"></span>cio<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span>024<span class=\"_ _0\"></span>\"</span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gsa3f\">Si ricorda che<span class=\"_ _0\"></span> l\u2019Assemblea degli Azionist<span class=\"_ _0\"></span>i della Societ\u00e0,<span class=\"_ _0\"></span> in data 31 marzo 2025, ha deliberato la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa40\">distribuzion<span class=\"_ _0\"></span>e di un dividendo, pari ad Euro<span class=\"_ _0\"></span> 0,45 per azione (con esc<span class=\"_ _0\"></span>lusione delle azioni proprie </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws19 gsa41\">detenute dalla Societ\u00e0), che \u00e8<span class=\"_ _0\"></span> stato pagato a <span class=\"_ _0\"></span>partire dal 19 maggio 2025 (stacco <span class=\"_ _0\"></span>della cedola n\u00b0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gsa42\">12 il <span class=\"_ _1\"></span>19 magg<span class=\"_ _1\"></span>io 202<span class=\"_ _1c\"></span>5 e record d<span class=\"_ _1\"></span>ate il<span class=\"_ _1\"></span> 20 mag<span class=\"_ _1\"></span>gio 20<span class=\"_ _1\"></span>25).<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls33 ws312 gsa43\">4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls33 ws312 gsa44\">.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> R<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>a v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al f<span class=\"_ _13\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>att<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _13\"></span>lla </div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gsa45\">re<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _0\"></span>a: c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gsa46\"><table class=\"s wb23 h4b3\" id=\"_63612a20-78ce-4b13-b907-22e1b501145f\"><tr><td></td><td class=\"c xcb6 y3855 w1c8 h205\"><div class=\"t m6e xa4 h28b y2567 ff2 fs7a fc0 sc0 ls398 ws6ad\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcb7 y3855 w1c9 h205\"><div class=\"t m6e xf h28b y2567 ff2 fs7a fc0 sc0 ls398 ws6ad\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td><td></td></tr><tr><td class=\"c x622 y3856 w1c5 h288\"><div class=\"t m6d x24 h289 y2557 ff2 fs79 fc0 sc0 ls397 ws6aa\">At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0/Valori<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb6 y3857 w1c8 h28c\"><div class=\"t m6e x0 h28b y1e74 ff2 fs7a fc0 sc0 ls39d ws6b1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcb7 y3857 w1c9 h28c\"><div class=\"t m6e x12 h28b y1e74 ff2 fs7a fc0 sc0 ls39d ws6b1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x622 y3858 w1c5 h28a\"><div class=\"t m6e x174 h28b y2559 ff2 fs7a fc0 sc0 ls398 ws6ab\">Ris<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>it<span class=\"_ _13\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb8 y3858 w1c6 h28a\"><div class=\"t m6e x16b h28b y255a ff2 fs7a fc0 sc0 ls399 ws6ac\">Riserva </div></td><td class=\"c xcb7 y3858 w1c7 h28a\"><div class=\"t m6e x71 h28b y255a ff2 fs7a fc0 sc0 ls399 ws6ac\">Riserva </div></td><td class=\"c xcb9 y3858 w1c6 h28a\"><div class=\"t m6e x16b h28b y255a ff2 fs7a fc0 sc0 ls399 ws6ac\">Riserva </div></td></tr><tr><td></td><td></td><td class=\"c xcb8 y3858 w1c6 h28a\"><div class=\"t m6e x13f h28b y255b ff2 fs7a fc0 sc0 ls398 ws6ad\">ne<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb7 y3858 w1c7 h28a\"><div class=\"t m6e x13f h28b y255b ff2 fs7a fc0 sc0 ls398 ws6ad\">p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>va<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb9 y3858 w1c6 h28a\"><div class=\"t m6e x13f h28b y255b ff2 fs7a fc0 sc0 ls398 ws6ad\">ne<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y372c wb24 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m6e x8d4 h28b y3859 ff1 fs7a fc0 sc0 ls39b ws6af\">Titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y353a wb25 h4b4\"><div class=\"t m6e x1fa h28b y385a ff1 fs7a fc0 sc0 ls39a ws6ae\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m6e x8d4 h28b y3859 ff1 fs7a fc0 sc0 ls39b ws6af\">Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcba y353a wb26 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">201.<span class=\"_ _0\"></span>111<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcbb y353a wb27 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">92.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y353b wb28 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m6e x8d4 h28b y3859 ff1 fs7a fc0 sc0 ls39c ws6b0\">Finanzia<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcbc y353b wb29 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcbd y353b wb29 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xcbe y345e wb2a h441\"><div class=\"t m6e x1fa h28b y3859 ff2 fs7a fc0 sc0 ls398 ws6ad\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcbf y345e wb2b h441\"><div class=\"t m6e x1fa h28b y3859 ff2 fs7a fc0 sc0 ls39d ws6b1\">201.<span class=\"_ _0\"></span>111<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcc0 y345e wb2c h441\"><div class=\"t m6e x1fa h28b y3859 ff2 fs7a fc0 sc0 ls39d ws6b1\">92.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gsa47\">Nella t</div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gsa48\">abella sopra e<span class=\"_ _0\"></span>sposta, la voce \u201c2.<span class=\"_ _0\"></span> Titoli di capitale<span class=\"_ _0\"></span>\u201d accoglie la var<span class=\"_ _0\"></span>iazione del fair<span class=\"_ _0\"></span> value al </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa49\">31 dicembre 2025 dei t<span class=\"_ _0\"></span>itoli azionari BMPS acquisiti dalla<span class=\"_ _0\"></span> Societ\u00e0.<span class=\"ls1 ws1\"> </span></div>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> R<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>a v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> al f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> s<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>ll<span class=\"_ _0\"></span>a re<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _0\"></span>a: v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>iazio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>T<span class=\"_ _0\"></span>itoli di cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span>1.<span class=\"_ _4ac\"> </span>E<span class=\"_ _4ac\"> </span>sist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span>92.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span>2.<span class=\"_ _4ac\"> </span>V<span class=\"_ _4ac\"> </span>ariazioni p<span class=\"_ _0\"></span>ositive<span class=\"_ _4ac\"> </span>108.<span class=\"_ _0\"></span>963  2.<span class=\"_ _1\"></span>1  Increm<span class=\"_ _0\"></span>enti di fair valu<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span>108.963<span class=\"_ _4ac\"> </span>3.<span class=\"_ _4ac\"> </span>V<span class=\"_ _4ac\"> </span>ariazioni negat<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span>-  3.<span class=\"_ _1\"></span>1 R<span class=\"_ _1\"></span>iduz<span class=\"_ _1\"></span>ioni di fair value<span class=\"_ _4ac\"> </span>-<span class=\"_ _31c\"></span> 4.<span class=\"_ _4ac\"> </span>R<span class=\"_ _4ac\"> </span>im<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali<span class=\"_ _4ac\"> </span>201.<span class=\"_ _0\"></span>111",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-716": {
   "value": "1<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> \u201cA<span class=\"_ _11\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w8de h48b\" id=\"_12eae15b-2990-420f-9fab-8a1c06336a0d\"><tr><td class=\"c x212 y372f w8df h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls26e ws51a\">T<span class=\"_ _0\"></span>ipologie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c5 y372f w8e0 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls26f ws51b\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c6 y372f w8e1 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls26f ws51b\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3730 w8e2 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls26e ws51c\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m48 x8aa h200 y3536 ff2 fs53 fc0 sc0 ls26e ws51c\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m48 x8ab h200 y3536 ff2 fs53 fc0 sc0 ls26e ws51c\">zioni prop<span class=\"_ _0\"></span>rie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c7 y3730 w8e3 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c8 y3730 w8e4 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls26f ws51b\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>529)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3731 w8e5 h43f\"><div class=\"t m48 x1fa h200 y3536 ff1 fs53 fc0 sc0 ls270 ws51d\">1.<span class=\"_ _1\"></span>1 Azioni or<span class=\"_ _1\"></span>dinarie<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9c9 y3731 w8e6 h43f\"><div class=\"t m48 x1fa h200 y3536 ff1 fs53 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ca y3731 w8e7 h43f\"><div class=\"t m48 x1fa h200 y3536 ff1 fs53 fc0 sc0 ls271 ws51e\">(<span class=\"_ _0\"></span>44.529)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w8e8 h43f\"><div class=\"t m48 x1fa h200 y3536 ff1 fs53 fc0 sc0 ls270 ws51d\">1.<span class=\"_ _1\"></span>2 Altre az<span class=\"_ _1\"></span>ioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9cb y345e w8e6 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9cc y345e w8e3 h43f\"><div class=\"t m48 x1fa h200 y3536 ff2 fs53 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>A<span class=\"_ _4ac\"> </span>l 31 d<span class=\"_ _1\"></span>icembr<span class=\"_ _1\"></span>e 202<span class=\"_ _1\"></span>4, la <span class=\"_ _1c\"></span>Societ\u00e0 de<span class=\"_ _1\"></span>teneva<span class=\"_ _1\"></span> n\u00b0 <span class=\"_ _1\"></span>9.441.7<span class=\"_ _1\"></span>30 azi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>roprie<span class=\"_ _1c\"></span>,<span class=\"_ _0\"></span> p<span class=\"_ _1\"></span>rive di v<span class=\"_ _1c\"></span>alore no<span class=\"_ _1\"></span>minal<span class=\"_ _1\"></span>e, pari a cir<span class=\"_ _0\"></span>ca il 2,96% del capit<span class=\"_ _0\"></span>ale sociale; il c<span class=\"_ _0\"></span>ontrovalore de<span class=\"_ _0\"></span>lle azioni deten<span class=\"_ _0\"></span>ute, iscritto ne<span class=\"_ _0\"></span>lla riserva nega<span class=\"_ _1\"></span>tiva d<span class=\"_ _1\"></span>i Patri<span class=\"_ _1c\"></span>monio Net<span class=\"_ _1\"></span>to e c<span class=\"_ _1\"></span>ompre<span class=\"_ _1\"></span>nsivo <span class=\"_ _1\"></span>degl<span class=\"_ _1\"></span>i oneri<span class=\"_ _1\"></span><span class=\"ls11 ws140\">/proventi accessori, era par<span class=\"_ _0\"></span>i a circa Euro </span>44,5 <span class=\"_ _1\"></span>milio<span class=\"_ _1\"></span>ni, c<span class=\"_ _1\"></span>orrisp<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>d un p<span class=\"_ _1\"></span>rezz<span class=\"_ _1\"></span>o med<span class=\"_ _1\"></span>io uni<span class=\"_ _1\"></span>tario d<span class=\"_ _1\"></span>i ci<span class=\"_ _1\"></span>rca E<span class=\"_ _1\"></span>uro 4,<span class=\"_ _1\"></span>716. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Come g<span class=\"_ _1\"></span>i\u00e0 in p<span class=\"_ _1\"></span>reced<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a ill<span class=\"_ _1\"></span>ustrat<span class=\"_ _1\"></span>o, in da<span class=\"_ _1\"></span>ta 12 feb<span class=\"_ _1\"></span>brai<span class=\"_ _1\"></span>o 2025<span class=\"_ _1\"></span>, dop<span class=\"_ _1\"></span>o aver v<span class=\"_ _1\"></span>erifi<span class=\"_ _1\"></span>cato l<span class=\"_ _1\"></span>e Condi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i di P<span class=\"_ _1\"></span>ermanenza<span class=\"_ _1c\"></span>, sono state a<span class=\"_ _1c\"></span>ttribuite a<span class=\"_ _1\"></span>i Benef<span class=\"_ _1\"></span>icia<span class=\"_ _1\"></span>ri n\u00b0 15.<span class=\"_ _1\"></span>341.5<span class=\"_ _1\"></span>44 azioni<span class=\"_ _1\"></span> in rela<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ai Pia<span class=\"_ _1\"></span>ni LTIP<span class=\"_ _1\"></span> 21<span class=\"ls1 ws1\">-</span><span class=\"ws7b\">23 e L<span class=\"_ _1\"></span>TIP 24<span class=\"ls1 ws1\">-<span class=\"_ _1\"></span><span class=\"ls0 ws74\">26, con l\u2019<span class=\"_ _0\"></span>utilizzo di n\u00b0 9<span class=\"_ _0\"></span>.441.730 azioni pro<span class=\"_ _0\"></span>prie detenute nel por<span class=\"_ _0\"></span>tafoglio dalla<span class=\"_ _4ac\"> </span></span></span></span>Soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _1\"></span>e n\u00b0 5<span class=\"_ _1\"></span>.899<span class=\"_ _1\"></span>.814<span class=\"_ _1\"></span> azio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>eriva<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>al so<span class=\"_ _1\"></span>prac<span class=\"_ _1\"></span>itato<span class=\"_ _1c\"></span> aument<span class=\"_ _1c\"></span>o di ca<span class=\"_ _1\"></span>pital<span class=\"_ _1\"></span>e. Pe<span class=\"_ _1\"></span>rtan<span class=\"_ _1\"></span>to, <span class=\"_ _1\"></span>si<span class=\"_ _4ac\"> </span>conferma che al 31 dicem<span class=\"_ _0\"></span>bre 2025 la Societ\u00e0 non detiene<span class=\"_ _0\"></span> azioni proprie in portafoglio.<span class=\"_ _4ac\"> </span>Sezione 4 <span class=\"ls1 ws1\">\u2013 <span class=\"lsb ws3c\">Informazioni sul patr<span class=\"_ _1\"></span>imonio<span class=\"ff1 fs0 ls1 ws1\"> </span></span></span>4.1 Il patrimonio dell\u2019im<span class=\"_ _1\"></span>presa <span class=\"ls1 ws1\"> </span>4.1.<span class=\"_ _1\"></span>1 Inform<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zi<span class=\"_ _1c\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i di<span class=\"_ _1\"></span> na<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span> <span class=\"ls11 ws5\">q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>alitat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> </span></span>Il cap<span class=\"_ _1\"></span>itale s<span class=\"_ _1\"></span>ocial<span class=\"_ _1\"></span>e della <span class=\"_ _1\"></span>Socie<span class=\"_ _1\"></span>t\u00e0 al <span class=\"_ _1\"></span>31 dice<span class=\"_ _1\"></span>mbre 2<span class=\"_ _1\"></span>025 \u00e8 i<span class=\"_ _1\"></span>ntera<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> sotto<span class=\"_ _1\"></span>scritt<span class=\"_ _1\"></span>o e ve<span class=\"_ _1\"></span>rsato e ri<span class=\"_ _1c\"></span>sulta esser<span class=\"_ _1\"></span>e pari<span class=\"_ _1\"></span> a Eu<span class=\"_ _1\"></span>ro 7.42<span class=\"_ _1c\"></span>1.605,63 d<span class=\"_ _1\"></span>ivis<span class=\"_ _1\"></span>o in n\u00b0<span class=\"_ _1\"></span> 325.<span class=\"_ _1\"></span>215.8<span class=\"_ _1\"></span>17 azi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>rive d<span class=\"_ _1c\"></span>ell\u2019indica<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> del valor<span class=\"_ _1\"></span>e nomi<span class=\"_ _1c\"></span>nale. <span class=\"ls1 ws1\"> </span>Le azi<span class=\"_ _1c\"></span>oni dell<span class=\"_ _1\"></span>a Socie<span class=\"_ _1c\"></span>t\u00e0 sono q<span class=\"_ _1\"></span>uotat<span class=\"_ _1\"></span>e al M<span class=\"_ _1\"></span>ercat<span class=\"_ _1\"></span>o Tele<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>co Azi<span class=\"_ _1\"></span>onari<span class=\"_ _1c\"></span>o organizz<span class=\"_ _1\"></span>ato e <span class=\"_ _1\"></span>gesti<span class=\"_ _1c\"></span>to da Borsa <span class=\"_ _0\"></span>italiana S.p.A. dal 16<span class=\"_ _0\"></span> aprile 2014.<span class=\"ls1 ws1\"> </span>Si ricorda che in data 17 febbraio 2025 (cfr. com<span class=\"_ _1\"></span>un<span class=\"_ _0\"></span>icato stampa \u201cVariazi<span class=\"_ _1\"></span>one del capitale sociale\u201d del 17 f<span class=\"_ _1c\"></span>ebbraio 20<span class=\"_ _1\"></span>25) \u00e8 <span class=\"_ _1\"></span>avvenu<span class=\"_ _1\"></span>to il dep<span class=\"_ _1c\"></span>osito dell<span class=\"_ _1\"></span>\u2019attes<span class=\"_ _1\"></span>tazion<span class=\"_ _1\"></span>e di emi<span class=\"_ _1\"></span>ssione d<span class=\"_ _1\"></span>i n\u00b0 5.<span class=\"_ _1\"></span>899.8<span class=\"_ _1\"></span>14 nuov<span class=\"_ _1\"></span>e azioni<span class=\"_ _1\"></span> ord<span class=\"_ _1\"></span>inari<span class=\"_ _1\"></span>e, god<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>regola<span class=\"_ _1\"></span>re, al<span class=\"_ _1c\"></span> servizi<span class=\"_ _1c\"></span>o del pi<span class=\"_ _1\"></span>ano <span class=\"ls1c ws147\">L<span class=\"_ _1\"></span>TIP 24<span class=\"ls1 ws1\">-<span class=\"_ _1\"></span><span class=\"ls31 ws94\">26<span class=\"_ _0\"></span> per massim<span class=\"_ _0\"></span>i nomina<span class=\"_ _0\"></span>li Euro </span></span></span>129.79<span class=\"_ _0\"></span>5,91, media<span class=\"_ _0\"></span>nte imputaz<span class=\"_ _0\"></span>ione a capit<span class=\"_ _0\"></span>ale di un importo di<span class=\"_ _0\"></span> corrispon<span class=\"_ _0\"></span>dente ammonta<span class=\"_ _0\"></span>re tratto dalle<span class=\"_ _0\"></span> riserve disponibili, in esecu<span class=\"_ _0\"></span>zione della delibera di aumento di capitale<span class=\"_ _0\"></span> sociale a titolo gratuito<span class=\"_ _0\"></span> approvata dal C<span class=\"_ _0\"></span>onsigl<span class=\"ls30 wsba\">io di A<span class=\"_ _1\"></span>mmini<span class=\"_ _1\"></span>stra<span class=\"_ _1\"></span>zione i<span class=\"_ _1c\"></span>n data 5 f<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>raio 202<span class=\"_ _1\"></span>5 (cf<span class=\"_ _1\"></span>r. com<span class=\"_ _1c\"></span>unicato<span class=\"_ _1c\"></span> </span>stamp<span class=\"_ _1\"></span>a \u201cRisul<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _1\"></span> consol<span class=\"_ _1\"></span>idati p<span class=\"_ _1\"></span>er l\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1\"></span>o 202<span class=\"_ _1\"></span>4\u201d del 5 f<span class=\"_ _1\"></span>ebbrai<span class=\"_ _1\"></span>o 2025)<span class=\"_ _1c\"></span>, in parzial<span class=\"_ _1\"></span>e ese<span class=\"_ _1\"></span>rcizio<span class=\"_ _1c\"></span> dell\u2019autor<span class=\"_ _0\"></span>izzazione conferita ai sensi dell\u2019art. 2443 C.C. dall\u2019Assemblea Str<span class=\"_ _0\"></span>aordinaria degli Azi<span class=\"ls1c ws2a\">onisti<span class=\"_ _1\"></span> del 28 marz<span class=\"_ _1\"></span>o 2024.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Si informa che<span class=\"_ _0\"></span> in data 12 febbraio<span class=\"_ _0\"></span> 2025, verificate le<span class=\"_ _0\"></span> Condizioni di Permanenz<span class=\"_ _0\"></span>a, sono state attribu<span class=\"_ _0\"></span>ite ai Beneficiari n\u00b0 15.341.544 azioni in relazione ai Piani LTIP 21<span class=\"ls1 ws1\">-<span class=\"ls1c ws102\">23 e LTIP 24</span>-<span class=\"_ _1\"></span><span class=\"ls1d ws7b\">26,<span class=\"_ _0\"></span> con </span></span>l\u2019utilizzo<span class=\"_ _0\"></span> di n\u00b0 9.441.730 azioni propr<span class=\"_ _0\"></span>ie detenute nel portafoglio<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"ls1d wsda\">dalla S<span class=\"_ _0\"></span>ociet<span class=\"_ _0\"></span>\u00e0 e n\u00b0 5.8<span class=\"_ _0\"></span>99.814<span class=\"_ _0\"></span> </span></span>azioni derivanti dal predetto<span class=\"_ _0\"></span> aumento di capitale (cfr. comunicato stampa \u201cVariazione del capitale sociale<span class=\"_ _0\"></span>\u201d del 17 <span class=\"_ _1\"></span>febbra<span class=\"_ _0\"></span>io 2025) (Per maggiori dettagli si rinvia a quanto illustr<span class=\"_ _0\"></span>ato nella \u201cNota integrativa consolidata <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1\"></span><span class=\"ls32 ws5e\">Par<span class=\"_ _0\"></span>te<span class=\"ls1 ws1\"> <span class=\"ls11 ws5\">A <span class=\"_ _1c\"></span><span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">Po<span class=\"_ _0\"></span>litiche contabili <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">A.2 Parte relativa alle princ<span class=\"_ _0\"></span>ipali voci </span></span></span></span></span></span></span></span>del bilancio<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _0\"></span></span>Altre<span class=\"_ _0\"></span> informazioni <span class=\"ls1 ws1\">- <span class=\"_ _13\"></span></span>Long Term Incent<span class=\"_ _0\"></span>ive Plan (\u201cLTIP\u201d) de<span class=\"_ _0\"></span>l Bilancio conso<span class=\"_ _0\"></span>lidato al 31 dicembre 2024). Pertanto, alla data di approvazione del presente Bilancio consolidato, l<span class=\"ls32 ws5e\">a </span>Soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _1\"></span>non d<span class=\"_ _1\"></span>etien<span class=\"_ _1\"></span>e azi<span class=\"_ _1c\"></span>oni prop<span class=\"_ _1c\"></span>rie in p<span class=\"_ _1c\"></span>ortafogl<span class=\"_ _1\"></span>io.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Sulla base delle comunicazion<span class=\"_ _0\"></span>i rese ai s<span class=\"_ _1\"></span>ensi dell\u2019art<span class=\"_ _0\"></span>. 120 del D.Lgs. n. 58/98 e d<span class=\"_ _1\"></span>elle ulterior<span class=\"_ _0\"></span>i informazioni a dis<span class=\"_ _0\"></span>posizione della Societ<span class=\"_ _0\"></span>\u00e0, alla <span class=\"_ _1\"></span>data di<span class=\"_ _1\"></span> approvaz<span class=\"_ _1\"></span>ione de<span class=\"_ _1\"></span>l proget<span class=\"_ _1\"></span>to di <span class=\"_ _1\"></span>Bilancio d<span class=\"_ _1\"></span>a parte del <span class=\"_ _0\"></span>Consiglio di Ammin<span class=\"_ _0\"></span>istrazione, <span class=\"_ _0\"></span><span class=\"ls0 ws76\">l\u2019azionista detentor<span class=\"_ _0\"></span>e di partecipazioni rilev<span class=\"_ _0\"></span>anti in Anima </span>Hol<span class=\"_ _0\"></span>ding (soc<span class=\"_ _0\"></span>i che part<span class=\"_ _0\"></span>ecipa<span class=\"_ _0\"></span>no dire<span class=\"_ _0\"></span>ttamen<span class=\"_ _0\"></span>te o indi<span class=\"_ _0\"></span>retta<span class=\"_ _0\"></span>mente in m<span class=\"_ _0\"></span>isura<span class=\"_ _0\"></span> super<span class=\"_ _0\"></span>iore al 3% del capitale so<span class=\"_ _0\"></span>ciale ovvero 5% per le<span class=\"_ _0\"></span> c.d. \u201cpartecipazion<span class=\"_ _0\"></span>i gestite\u201d), risult<span class=\"_ _0\"></span>a essere Banco BPM, anche per <span class=\"_ _0\"></span>il t<span class=\"ls1c ws2a\">ramit<span class=\"_ _1\"></span>e di BBPM Vi<span class=\"_ _1\"></span>ta, con l\u201989<span class=\"_ _1\"></span>,949%<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span></span>Anima Holding non ha emesso azioni di godimento, obbligazion<span class=\"_ _0\"></span>i convertibili in azioni, n\u00e9 titoli o valori similar<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>rm<span class=\"_ _11\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>i d<span class=\"_ _13\"></span>i n<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>a<span class=\"ls1 ws1\"> </span>4.<span class=\"_ _d\"></span>1.<span class=\"_ _1c\"></span>2.<span class=\"_ _1\"></span>1 P<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>tr<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>m<span class=\"_ _0\"></span>oni<span class=\"_ _d\"></span>o de<span class=\"_ _0\"></span>l<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>\u2019<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>m<span class=\"_ _0\"></span>pr<span class=\"_ _1c\"></span>e<span class=\"_ _0\"></span>sa<span class=\"_ _d\"></span>: c<span class=\"_ _1c\"></span>om<span class=\"_ _0\"></span>posi<span class=\"_ _d\"></span>zi<span class=\"_ _d\"></span>one<span class=\"ls1 ws1\"> </span><table class=\"s wb2d h4b5\" id=\"_9d288054-3d83-4913-9a08-6475cdfe5c75\"><tr><td class=\"c xcc2 y385b w1c4 h284\"><div class=\"t m6b x24 h285 y2544 ff2 fs77 fc0 sc0 ls38f ws69f\">Voci<span class=\"_ _0\"></span>/Va<span class=\"_ _0\"></span>lor<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc3 y385d wb2e h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc4 y385d wb2f h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y385e wb30 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">1. Cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc6 y385e wb31 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">7.<span class=\"_ _0\"></span>422<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc7 y385e wb31 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y385f wb32 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">2. Sovrappre<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>i di e<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc8 y385f wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">787.<span class=\"_ _0\"></span>652<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc9 y385f wb34 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">787.652<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3860 wb35 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a1\">3.<span class=\"_ _15\"> </span>Ri<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcca y3860 wb36 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">629.645<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccb y3860 wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">590.<span class=\"_ _0\"></span>732<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3861 wb37 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- di u<span class=\"_ _1\"></span>tili<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccc y3861 wb38 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">726.420<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccd y3861 wb38 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">683.958<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcce y3862 wb39 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls394 ws6a5\">a) leg<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccf y3862 wb3a h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">1.484<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd0 y3862 wb3a h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">1.458<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcce y3863 wb3b h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">d) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd1 y3863 wb3c h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">724.934<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd2 y3863 wb3c h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">682.500<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3864 wb3d h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd3 y3864 wb3e h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(96.<span class=\"_ _0\"></span>775)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd4 y3864 wb3f h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(<span class=\"_ _0\"></span>93.226)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"t m6c xcd5 h287 y3865 ff2 fs78 fc0 sc0 ls395 ws6a6\">4.<span class=\"ff2b\"> </span><span class=\"ws6a7\">Azioni proprie<span class=\"_ _4ac\"> </span></span></td><td class=\"c xcd6 y3866 wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd7 y3866 wb41 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>529)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3867 wb42 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls396 ws6a8\">5.<span class=\"_ _1f\"> </span>Rise<span class=\"_ _0\"></span>rve da valutaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd8 y3867 wb36 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">201.217<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd9 y3867 wb43 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">91.<span class=\"_ _0\"></span>913<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3868 wb44 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- Titoli d<span class=\"_ _1\"></span>i c<span class=\"_ _0\"></span>apitale d<span class=\"_ _1\"></span>esig<span class=\"_ _0\"></span>nati al fair value<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>on impatto sulla redditivit\u00e0 comples<span class=\"_ _0\"></span>siva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcda y3868 wb45 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">201.<span class=\"_ _0\"></span>111<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdb y3868 wb46 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">92.148<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3869 wb47 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- Utili/per<span class=\"_ _1\"></span>dite attuar<span class=\"_ _1\"></span>iali relativi a pian<span class=\"_ _1\"></span>i previde<span class=\"_ _1\"></span>nziali a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdc y3869 wb48 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">106<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdd y3869 wb49 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(<span class=\"_ _0\"></span>235)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y386a wb4a h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">6. Str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nti d<span class=\"_ _0\"></span>i capit<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcde y386a wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdf y386a wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y386b wb4b h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">7. Utile<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>) d<span class=\"_ _0\"></span>'eserciz<span class=\"_ _0\"></span>io<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce0 y386b wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">266.<span class=\"_ _0\"></span>692<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce1 y386b wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">229.<span class=\"_ _0\"></span>900<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y345e wb4c h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls38f ws69f\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce2 y345e wb4d h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">1.<span class=\"_ _0\"></span>892.<span class=\"_ _13\"></span>628<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce3 y345e wb4e h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">1.<span class=\"_ _0\"></span>662.<span class=\"_ _0\"></span>959<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) D<span class=\"_ _13\"></span>ati re<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span>d p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r e<span class=\"_ _13\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>la<span class=\"_ _1\"></span> P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span> di<span class=\"_ _0\"></span> K<span class=\"_ _0\"></span>airo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> S<span class=\"_ _13\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span> de<span class=\"_ _13\"></span>lla P<span class=\"_ _0\"></span>PA<span class=\"_ _13\"></span> ri<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>ata da V<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a S<span class=\"_ _0\"></span>rl, s<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ia a qu<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _13\"></span> ne<span class=\"_ _13\"></span>lla N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> <span class=\"_ _1\"></span><span class=\"ls38d ws69e\">i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>a </span></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a, P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> A<span class=\"_ _13\"></span> <span class=\"ls1 ws1\">- <span class=\"ls16 ws1f0\">P<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> Co<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili, A<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>re<span class=\"_ _13\"></span> In<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>azio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>aragrafo<span class=\"_ _13\"></span> \"R<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span> B<span class=\"_ _0\"></span>ilan<span class=\"_ _0\"></span>cio<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span>024<span class=\"_ _0\"></span>\"</span> </span>Si ricorda che<span class=\"_ _0\"></span> l\u2019Assemblea degli Azionist<span class=\"_ _0\"></span>i della Societ\u00e0,<span class=\"_ _0\"></span> in data 31 marzo 2025, ha deliberato la distribuzion<span class=\"_ _0\"></span>e di un dividendo, pari ad Euro<span class=\"_ _0\"></span> 0,45 per azione (con esc<span class=\"_ _0\"></span>lusione delle azioni proprie detenute dalla Societ\u00e0), che \u00e8<span class=\"_ _0\"></span> stato pagato a <span class=\"_ _0\"></span>partire dal 19 maggio 2025 (stacco <span class=\"_ _0\"></span>della cedola n\u00b0 12 il <span class=\"_ _1\"></span>19 magg<span class=\"_ _1\"></span>io 202<span class=\"_ _1c\"></span>5 e record d<span class=\"_ _1\"></span>ate il<span class=\"_ _1\"></span> 20 mag<span class=\"_ _1\"></span>gio 20<span class=\"_ _1\"></span>25).<span class=\"_ _4ac\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-631": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs802\">Sezione 1 <span class=\"ls1 ws1\">\u2013 <span class=\"ls24 wsd7\">Commiss<span class=\"_ _1\"></span>ioni at<span class=\"_ _1\"></span>tive e p<span class=\"_ _1\"></span>assive<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"ls22 wsd8\">Voci 10 e 20</span><span class=\"ff1 fs0\"> </span></span></span></span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls230 ws4c6 gs803\">1.1<span class=\"ff29 ls1 ws1\"> <span class=\"_ _c\"></span><span class=\"ff5 ls2 ws4\">\u201cC<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>i att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> e<span class=\"_ _11\"></span> p<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"gs804\"><table class=\"s w8e9 h48c\" id=\"_9963025a-057e-4430-8c28-be5a120d2cda\"><tr><td></td><td></td><td class=\"c x950 y3733 w8ea h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x9cd y3733 w8ea h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e8a ff2 fs56 fc0 sc0 ls27c ws52b\">SERVI<span class=\"_ _0\"></span>ZI<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y3735 w17a h20a\"><div class=\"t m4b x42 h208 y1e8c ff2 fs56 fc0 sc0 ls27d ws52c\">Com<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y3735 w17a h20a\"><div class=\"t m4b x188 h208 y1e8d ff2 fs56 fc0 sc0 ls27e ws52d\">Co<span class=\"_ _1\"></span>mm. </div></td><td class=\"c x9ce y3736 w8eb h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls280 ws52f\">Co<span class=\"_ _1\"></span>mm. Nette<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9cf y3736 w8ec h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27d ws52c\">Com<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> A<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d0 y3736 w8ed h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27d ws52c\">C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. P<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d1 y3736 w8eb h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls280 ws52f\">Comm. N<span class=\"_ _1\"></span>ette<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x405 y3735 w17a h20a\"><div class=\"t m4b x188 h208 y1e8e ff2 fs56 fc0 sc0 ls27f ws52e\">Passive<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e8f ff2 fs56 fc0 sc0 ls281 ws530\">A. G<span class=\"_ _1c\"></span>ESTION<span class=\"_ _1c\"></span>I DI PATRIMO<span class=\"_ _1\"></span>NI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e90 ff2 fs56 fc0 sc0 ls282 ws531\">1. Gestioni prop<span class=\"_ _0\"></span>rie<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e91 ff2 fs56 fc0 sc0 ls283 ws52e\">1.1 Fondi comuni<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3737 w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d2 y3737 w8ef h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">669.357<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d3 y3737 w8f0 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>446.353)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d4 y3737 w8ef h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">223.003<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d5 y3737 w8f1 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">628.<span class=\"_ _0\"></span>087<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d6 y3737 w8f2 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(425.400)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d7 y3737 w8f3 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">202.687<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3738 w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d8 y3738 w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">68.326<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d9 y3738 w8f6 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9da y3738 w8f7 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">68.<span class=\"_ _0\"></span>185<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9db y3738 w8f3 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">109.508<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9dc y3738 w8f8 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(302)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9dd y3738 w8f9 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">109.206<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3739 w8fa h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>. di sottosc<span class=\"_ _0\"></span>riz./r<span class=\"_ _1\"></span>imbors<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9de y3739 w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">77.206<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9df y3739 w8fb h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(76.436)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e0 y3739 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">770<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e1 y3739 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">81.477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e2 y3739 w8fe h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>80.550)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e3 y3739 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">927<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373a w8ff h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di sw<span class=\"_ _0\"></span>itch<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e4 y373a w900 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e5 y373a w900 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e6 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e7 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e8 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e9 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373b w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ea y373b w903 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">346.754<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9eb y373b w8f0 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>272.527)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ec y373b w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">74.227<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ed y373b w8f9 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">302.197<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ee y373b w904 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(230.526)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ef y373b w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">71.671<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373c w906 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27d ws52c\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span> fon<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i com<span class=\"_ _0\"></span>uni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f0 y373c w907 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>161.<span class=\"_ _0\"></span>642<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f1 y373c w908 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>795.457)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f2 y373c w909 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">366.185<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f3 y373c w90a h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>121.<span class=\"_ _0\"></span>269<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f4 y373c w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>736.<span class=\"_ _0\"></span>777)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f5 y373c w90c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">384.<span class=\"_ _0\"></span>492<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e99 ff2 fs56 fc0 sc0 ls282 ws531\">1.2 Gestioni individuali<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y373d w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f6 y373d w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">48.408<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f7 y373d w90d h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>5.966)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f8 y373d w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">42.<span class=\"_ _0\"></span>442<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f9 y373d w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">45.642<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fa y373d w90f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>6.035)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fb y373d w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">39.<span class=\"_ _0\"></span>607<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373e w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fc y373e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.136<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fd y373e w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fe y373e w911 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.<span class=\"_ _0\"></span>136<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ff y373e w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">874<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa00 y373e w912 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa01 y373e w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">874<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373f w8fa h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>. di sottosc<span class=\"_ _0\"></span>riz./r<span class=\"_ _1\"></span>imbors<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa02 y373f w913 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">16<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa03 y373f w914 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>16)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa04 y373f w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa05 y373f w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">17<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa06 y373f w916 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(17)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa07 y373f w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3740 w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa08 y3740 w913 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">39<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa09 y3740 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0a y3740 w917 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">39<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0b y3740 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0c y3740 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0d y3740 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3741 w918 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls282 ws531\">Totale<span class=\"_ _0\"></span> commiss<span class=\"_ _0\"></span>ioni da gest<span class=\"_ _0\"></span>ioni individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0e y3741 w919 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">50.599<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0f y3741 w91a h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>982)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa10 y3741 w91b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">44.<span class=\"_ _0\"></span>616<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa11 y3741 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">46.<span class=\"_ _0\"></span>568<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa12 y3741 w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>052)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa13 y3741 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">40.<span class=\"_ _0\"></span>516<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1ea0 ff2 fs56 fc0 sc0 ls283 ws52e\">1.3 Fondi p<span class=\"_ _0\"></span>ensione ap<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3742 w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f6 y3742 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">20.208<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa14 y3742 w8fe h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>10.785)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa15 y3742 w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">9.423<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa16 y3742 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">17.630<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa17 y3742 w91e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(9.346)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa18 y3742 w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">8.284<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3743 w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa19 y3743 w913 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1a y3743 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1b y3743 w917 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1c y3743 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">33<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1d y3743 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1e y3743 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">33<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3744 w8fa h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>. di sottosc<span class=\"_ _0\"></span>riz./r<span class=\"_ _1\"></span>imbors<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1f y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa20 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa21 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa22 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa23 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa24 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3745 w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa25 y3745 w91f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.006<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa26 y3745 w8f8 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(260)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa27 y3745 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">746<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa28 y3745 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">873<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa29 y3745 w920 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(231)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2a y3745 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">641<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3746 w921 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls282 ws531\">Totale<span class=\"_ _0\"></span> commiss<span class=\"_ _0\"></span>ioni da fondi p<span class=\"_ _0\"></span>ensione ap<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2b y3746 w919 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">21.249<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2c y3746 w922 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>11.<span class=\"_ _0\"></span>045)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2d y3746 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">10.<span class=\"_ _0\"></span>204<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2e y3746 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">18.<span class=\"_ _0\"></span>536<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2f y3746 w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>578)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa30 y3746 w923 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">8.<span class=\"_ _0\"></span>958<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1ea7 ff2 fs56 fc0 sc0 ls282 ws531\">2. Gestioni ricevute in d<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>ga<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3747 w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f6 y3747 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">71.077<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f7 y3747 w90d h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>8.185)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f8 y3747 w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">62.<span class=\"_ _0\"></span>892<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f9 y3747 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">72.474<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fa y3747 w90f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>8.311)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fb y3747 w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">64.<span class=\"_ _0\"></span>164<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3748 w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa31 y3748 w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">11.913<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa32 y3748 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa33 y3748 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">11.913<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa34 y3748 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">15.056<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa35 y3748 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa36 y3748 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">15.056<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3749 w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa25 y3749 w91f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.057<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa26 y3749 w8f8 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(400)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa37 y3749 w911 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.<span class=\"_ _0\"></span>657<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa38 y3749 w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.810<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa39 y3749 w920 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(873)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3a y3749 w911 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.<span class=\"_ _0\"></span>937<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y374b w924 h48e\"><div class=\"t m4b x1fa h208 y374a ff2 fs56 fc0 sc0 ls282 ws531\">Totale<span class=\"_ _0\"></span> commiss<span class=\"_ _0\"></span>ioni da gest<span class=\"_ _0\"></span>ioni ricevute in<span class=\"_ _4ac\"> </span></div><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls286 ws535\">delega<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3b y374c w925 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">85.047<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3c y374c w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>585)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3d y374c w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">76.<span class=\"_ _0\"></span>462<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3e y374c w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">90.<span class=\"_ _0\"></span>340<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3f y374c w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>183)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa40 y374c w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">81.<span class=\"_ _0\"></span>157<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y374d w926 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27c ws1\">TO<span class=\"_ _0\"></span>TA<span class=\"_ _0\"></span>LE CO<span class=\"_ _0\"></span>MMI<span class=\"_ _0\"></span>SSI<span class=\"_ _0\"></span>ONI<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>ER GESTI<span class=\"_ _0\"></span>ONE  (<span class=\"_ _0\"></span>A)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa41 y374d w927 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.318.<span class=\"_ _0\"></span>536<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa42 y374d w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>821.<span class=\"_ _0\"></span>069)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa43 y374d w928 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">497.<span class=\"_ _0\"></span>468<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa44 y374d w929 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>276.<span class=\"_ _0\"></span>713<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa45 y374d w908 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(761.<span class=\"_ _0\"></span>590)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa46 y374d w928 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">515.<span class=\"_ _0\"></span>122<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1eb1 ff2 fs56 fc0 sc0 ls27c ws1\">B. ALT<span class=\"_ _0\"></span>RI<span class=\"_ _0\"></span> SERVI<span class=\"_ _0\"></span>ZI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y374e w92a h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls287 ws536\">- Cons<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>enza<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa47 y374e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.641<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa48 y374e w92b h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(45)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa49 y374e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.595<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4a y374e w92c h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.466<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4b y374e w92b h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(27)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4c y374e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.438<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y374f w92d h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4d y374f w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">21.331<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4e y374f w92e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(6.047)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4f y374f w92f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">15.<span class=\"_ _0\"></span>284<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa50 y374f w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">13.<span class=\"_ _0\"></span>482<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa51 y374f w91e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(2.199)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa52 y374f w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">11.283<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3750 w930 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27c ws1\">TO<span class=\"_ _0\"></span>TA<span class=\"_ _0\"></span>LE CO<span class=\"_ _0\"></span>MMI<span class=\"_ _0\"></span>SSI<span class=\"_ _0\"></span>ONI<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>ER ALT<span class=\"_ _0\"></span>RI S<span class=\"_ _0\"></span>ERVIZ<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>  (B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa53 y3750 w919 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">23.972<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa54 y3750 w91a h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>093)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa55 y3750 w91b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">17.<span class=\"_ _0\"></span>880<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa56 y3750 w931 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">14.<span class=\"_ _0\"></span>948<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa57 y3750 w932 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>2.227)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa58 y3750 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">12.<span class=\"_ _0\"></span>721<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w933 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls288 ws535\">COMMI<span class=\"_ _0\"></span>SSIONI<span class=\"_ _0\"></span> COMP<span class=\"_ _0\"></span>LESSIVE  (A+B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa59 y345e w934 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>342.508<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5a y345e w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>827.<span class=\"_ _0\"></span>161)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5b y345e w935 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">515.<span class=\"_ _0\"></span>347<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5c y345e w927 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>291.661<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5d y345e w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>763.<span class=\"_ _0\"></span>818)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5e y345e w928 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">527.<span class=\"_ _0\"></span>843<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs805\">I</div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs806\"> proventi derivanti dall\u2019<span class=\"_ _0\"></span>attivit\u00e0 di gest<span class=\"_ _0\"></span>ione dei prodotti sono rappresentati pre<span class=\"_ _0\"></span>valentemente </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs807\">dalle commission<span class=\"_ _0\"></span>i di gestione e dalle commissioni di incentivo (ove contrattua<span class=\"_ _0\"></span>lmente previste), </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs808\">che <span class=\"_ _1\"></span>rappr<span class=\"_ _1\"></span>esen<span class=\"_ _1\"></span>tano l<span class=\"_ _1\"></span>a m<span class=\"_ _1\"></span>aggi<span class=\"_ _1\"></span>or part<span class=\"_ _1\"></span>e dei<span class=\"_ _1\"></span> rica<span class=\"_ _1\"></span>vi d<span class=\"_ _1\"></span>el Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1c\"></span>nima. L<span class=\"_ _1\"></span><span class=\"ls0 ws0\">e commissioni di gestione e </span></div>di incentivo<span class=\"_ _0\"></span> sono prevalentemente collegate al valore<span class=\"_ _0\"></span> di mercato degli AuM e al risultato<span class=\"_ _0\"></span> della<span class=\"_ _4ac\"> </span>gestione de<span class=\"_ _0\"></span>gli stessi prodotti.<span class=\"_ _0\"></span> In particolare,<span class=\"_ _0\"></span> le commissioni di ges<span class=\"_ _0\"></span>tione sono calco<span class=\"_ _0\"></span>late<span class=\"_ _4ac\"> </span>period<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e come<span class=\"_ _1\"></span> perc<span class=\"_ _1\"></span>entual<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span> patri<span class=\"_ _1\"></span>moni<span class=\"_ _1\"></span>o (NAV/<span class=\"_ _1c\"></span>GAV/<span class=\"ff5 ls48 ws538\">c<span class=\"_ _1c\"></span>ommi<span class=\"_ _7\"></span>t<span class=\"_ _1c\"></span>ment<span class=\"_ _1c\"></span><span class=\"ff1 ls0 ws139\">) del sin<span class=\"_ _0\"></span>golo<span class=\"_ _4ac\"> </span></span></span>prodotto; la<span class=\"_ _0\"></span> commissione di incentivo, invece, viene applicata a taluni prodott<span class=\"_ _0\"></span>i e corrisposta a<span class=\"_ _4ac\"> </span>favore delle soc<span class=\"_ _0\"></span>iet\u00e0 di gestione del risparm<span class=\"_ _0\"></span>io del Gruppo Anima quando il rendimento del<span class=\"_ _4ac\"> </span>prodo<span class=\"_ _1\"></span>tto st<span class=\"_ _1c\"></span>esso, in <span class=\"_ _1\"></span>un d<span class=\"_ _1\"></span>etermi<span class=\"_ _1c\"></span>nato peri<span class=\"_ _1\"></span>odo, <span class=\"_ _1\"></span>supera<span class=\"_ _1\"></span> la pe<span class=\"_ _1\"></span><span class=\"ls31 ws5c\">rfor<span class=\"ls0 ws8c\">m<span class=\"_ _0\"></span>ance di un indice di rifer<span class=\"_ _0\"></span>imento<span class=\"_ _4ac\"> </span></span></span>o un valore presta<span class=\"_ _0\"></span>bilito o un obiettivo di rendimento. In particolare, per talun<span class=\"_ _0\"></span>i fondi la<span class=\"_ _4ac\"> </span>commissione di incentivo \u00e8 dovuta alle societ\u00e0 di gestione del Gruppo Anima se il valore della<span class=\"_ _4ac\"> </span>quota del fon<span class=\"_ _0\"></span>do aumenta e il valore<span class=\"_ _0\"></span> raggiunto \u00e8 su<span class=\"_ _0\"></span>periore a quello pi\u00f9 e<span class=\"_ _0\"></span>levato mai raggiunto<span class=\"_ _4ac\"> </span>in precedenza. Pertanto<span class=\"_ _0\"></span>, il conseguimento delle commissioni di incentivo, cos\u00ec come il loro<span class=\"_ _4ac\"> </span>ammo<span class=\"_ _1c\"></span>ntare, s<span class=\"_ _1\"></span>ono f<span class=\"_ _1\"></span>orte<span class=\"_ _1c\"></span>mente co<span class=\"_ _1c\"></span>ndizio<span class=\"_ _1\"></span>nati <span class=\"_ _1\"></span>dal re<span class=\"_ _1c\"></span>ndiment<span class=\"_ _1c\"></span>o conseg<span class=\"_ _1c\"></span>uito dai<span class=\"_ _1\"></span> fond<span class=\"_ _1\"></span>i e da<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> altri<span class=\"_ _4ac\"> </span>prodott<span class=\"_ _0\"></span>i gestiti:<span class=\"ls1 ws1\"> <span class=\"_ _18\"> </span><span class=\"ls0 wsfe\">f<span class=\"_ _0\"></span>attore che a sua volta risente,<span class=\"_ _0\"></span> oltre che della qualit\u00e0 della ge<span class=\"_ _0\"></span>stione, anche<span class=\"_ _4ac\"> </span></span></span>dell\u2019an<span class=\"_ _0\"></span>damento dei mercati di riferimento e, pi\u00f9 in generale, dall\u2019andamento economico<span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span>fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rio nazi<span class=\"_ _1c\"></span>onale e i<span class=\"_ _1\"></span>nterna<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>onale<span class=\"_ _1c\"></span>.<span class=\"_ _4ac\"> </span>Le commissioni a<span class=\"_ _0\"></span>ttive di gestione da fon<span class=\"_ _0\"></span>di comuni non alternativi (O<span class=\"_ _0\"></span>ICVM), vengono<span class=\"_ _4ac\"> </span>generalmente<span class=\"_ _0\"></span> incassate con periodicit<span class=\"_ _0\"></span>\u00e0 mensile, mentre quelle der<span class=\"_ _0\"></span>ivanti da gestioni individu<span class=\"_ _0\"></span>ali,<span class=\"_ _4ac\"> </span>da g<span class=\"_ _1\"></span>estioni ri<span class=\"_ _1c\"></span>cevute in<span class=\"_ _1\"></span> deleg<span class=\"_ _1\"></span>a e da ges<span class=\"_ _1c\"></span>tione d<span class=\"_ _1\"></span>i FIA con p<span class=\"_ _1c\"></span>eriodicit\u00e0<span class=\"_ _1\"></span> mensi<span class=\"_ _1\"></span>le,<span class=\"ls1 ws1\"> <span class=\"_ _20\"> </span><span class=\"ls30 wsb2\">trime<span class=\"_ _1\"></span>stral<span class=\"_ _1\"></span>e  </span></span><span class=\"_ _483\"></span>o<span class=\"_ _4ac\"> </span>seme<span class=\"_ _0\"></span>stral<span class=\"_ _0\"></span>e.<span class=\"_ _4ac\"> </span>A<span class=\"_ _4ac\"> </span>l 31 dic<span class=\"_ _1c\"></span>embre 202<span class=\"_ _1\"></span>5, le <span class=\"_ _1\"></span>commis<span class=\"_ _1\"></span>sioni <span class=\"_ _1\"></span>nette <span class=\"_ _1\"></span>comp<span class=\"_ _1\"></span>lessive <span class=\"_ _1\"></span>hanno <span class=\"_ _1\"></span>regis<span class=\"_ _1\"></span>trato <span class=\"_ _1\"></span>un dec<span class=\"_ _1\"></span>rement<span class=\"_ _1\"></span>o di cir<span class=\"_ _1c\"></span>ca<span class=\"_ _4ac\"> </span>Euro 12,<span class=\"_ _0\"></span>5 milioni. Le co<span class=\"_ _1c\"></span>mmissio<span class=\"_ _1\"></span>ni ne<span class=\"_ _1\"></span>tte<span class=\"_ _1\"></span> riveni<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti dai<span class=\"_ _1\"></span> Fondi<span class=\"_ _1\"></span> Co<span class=\"_ _1\"></span>muni, <span class=\"_ _1\"></span>risp<span class=\"_ _1\"></span>etto a<span class=\"_ _1\"></span>ll\u2019a<span class=\"_ _1\"></span>nno p<span class=\"_ _1c\"></span>receden<span class=\"_ _1c\"></span>te, han<span class=\"_ _1\"></span>no<span class=\"_ _4ac\"> </span>consuntivato<span class=\"_ _0\"></span> una diminuzione pari a circa Euro 18,<span class=\"_ _0\"></span>3 milioni, principalm<span class=\"_ _0\"></span>ente per l\u2019effetto di (i)<span class=\"_ _4ac\"> </span>minori commiss<span class=\"_ _0\"></span>ioni di incentivo nette per circa Euro 41 milioni, (ii) mag<span class=\"wsb9\">gior<span class=\"_ _0\"></span>i commissioni di<span class=\"_ _4ac\"> </span></span>gestione nette<span class=\"_ _0\"></span> pari a Euro 20,3 milion<span class=\"_ _0\"></span>i, (iii) maggior<span class=\"_ _0\"></span>i altre commission<span class=\"_ _0\"></span>i (tra cui quelle di<span class=\"_ _4ac\"> </span>collocamento<span class=\"_ _0\"></span> e diritti fissi) per Euro 2,6 milion<span class=\"_ _0\"></span>i.<span class=\"_ _4ac\"> </span>Con riferimento alle<span class=\"_ _0\"></span> Gestioni individuali, si ev<span class=\"_ _0\"></span>idenzia un incremento delle commissioni nette<span class=\"_ _4ac\"> </span>rispetto a<span class=\"_ _0\"></span>ll\u2019esercizio precedente<span class=\"_ _0\"></span> pari a circa Euro 4,1 milioni.<span class=\"_ _4ac\"> </span>Le commission<span class=\"_ _0\"></span>i nette realizzate dai Fo<span class=\"_ _0\"></span>ndi pensione apert<span class=\"_ _0\"></span>i, rispetto all\u2019eserc<span class=\"_ _0\"></span>izio 2024, sono<span class=\"_ _4ac\"> </span>aumentate comples<span class=\"_ _0\"></span>sivamente di circa Euro 1,2 milioni.<span class=\"_ _4ac\"> </span>Le commission<span class=\"_ _0\"></span>i nette delle Gest<span class=\"_ _0\"></span>ioni ricevute in de<span class=\"_ _0\"></span>lega, rispetto<span class=\"_ _0\"></span> all\u2019esercizio 2024,<span class=\"_ _0\"></span> hanno subito<span class=\"_ _4ac\"> </span>una co<span class=\"_ _1\"></span>ntrazi<span class=\"_ _1c\"></span>one di ci<span class=\"_ _1\"></span>rca Eur<span class=\"_ _1c\"></span>o 4,7 mili<span class=\"_ _1\"></span>oni, p<span class=\"_ _1\"></span>rincip<span class=\"_ _1\"></span>alme<span class=\"_ _1\"></span>nte pe<span class=\"_ _1\"></span>r effet<span class=\"_ _1\"></span>to di <span class=\"_ _1\"></span>minori<span class=\"_ _1\"></span> (i) co<span class=\"_ _1\"></span>mmiss<span class=\"_ _1\"></span>ioni d<span class=\"_ _1c\"></span>i<span class=\"_ _4ac\"> </span>incentivo<span class=\"_ _0\"></span> per circa Euro 3,1 m<span class=\"_ _0\"></span>ilioni, (ii) commission<span class=\"_ _0\"></span>i di gestione per<span class=\"_ _0\"></span> circa Euro 1,3 milion<span class=\"_ _0\"></span>i e  (iii)<span class=\"_ _4ac\"> </span>altre commission<span class=\"_ _0\"></span>i per circa Euro 0,3 milioni.<span class=\"_ _4ac\"> </span>Infine, con r<span class=\"_ _0\"></span>iferimento alle commission<span class=\"_ _0\"></span>i nette rivenienti da Altri servizi,<span class=\"_ _0\"></span> si evidenzia un aumento<span class=\"_ _4ac\"> </span>rispetto a<span class=\"_ _0\"></span>ll'esercizio 2024 par<span class=\"_ _0\"></span>i a circa Euro 5<span class=\"_ _0\"></span>,2 milioni princ<span class=\"_ _0\"></span>ipalmente dovuto a (i) m<span class=\"_ _0\"></span>aggiori<span class=\"_ _4ac\"> </span>commi<span class=\"_ _1c\"></span>ssioni<span class=\"_ _1\"></span> attiv<span class=\"_ _1c\"></span>e regis<span class=\"_ _1\"></span>trate<span class=\"_ _1\"></span> sull<span class=\"_ _1\"></span>e atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span> di o<span class=\"_ _1\"></span>rder r<span class=\"_ _1c\"></span>outing<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"ls1d wsbe\">e<span class=\"_ _0\"></span> secur<span class=\"_ _0\"></span>ities le<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g per Euro<span class=\"_ _0\"></span> 0,9<span class=\"_ _4ac\"> </span></span></span>milioni, (ii) m<span class=\"_ _0\"></span>aggiori commission<span class=\"_ _0\"></span>i rinvenienti dalla so<span class=\"_ _0\"></span>ciet\u00e0 Vita<span class=\"_ _0\"></span> srl, legate alla su<span class=\"_ _0\"></span>a operativit\u00e0 per<span class=\"_ _4ac\"> </span>l\u2019intero anno,  per circa Euro 3,1 milioni e (iii) maggiori commiss<span class=\"_ _0\"></span>ioni di consulenza e custodia<span class=\"_ _4ac\"> </span>per circ<span class=\"_ _1\"></span>a Euro<span class=\"_ _1\"></span> 1,2 mi<span class=\"ls0 ws29\">lioni<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws29\"> </span><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls230 ws4c6 gs828\">1.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _c\"></span><span class=\"ff5 ls2 ws4\">\u201cC<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>i p<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span>: r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r t<span class=\"_ _13\"></span>ip<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ia e<span class=\"_ _11\"></span> <span class=\"ls240 ws103\">co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>arte</span></span></span><span class=\"ff29 ls1 ws1\"><span class=\"ff5 ls2 ws4\"><span class=\"ls240 ws103\"><span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span></span></span></div><div class=\"gs829\"><table class=\"s w936 h48f\" id=\"_a66f3ae1-b07d-476a-b42f-08efc2f3368b\"><tr><td></td><td class=\"c xa5f y3751 w181 h214\"><div class=\"t m4c xc0 h210 y1ee6 ff2 fs57 fc0 sc0 ls295 ws545\">Banche<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xa60 y3751 w182 h214\"><div class=\"t m4c x2a h210 y1ee6 ff2 fs57 fc0 sc0 ls295 ws546\">Enti Finanz<span class=\"_ _0\"></span>iari<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa61 y3751 w183 h214\"><div class=\"t m4c x8a h210 y1ee6 ff2 fs57 fc0 sc0 ls296 ws547\">Altri<span class=\"_ _1c\"></span> sogg<span class=\"_ _1\"></span>etti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xa62 y3751 w184 h214\"><div class=\"t m4c x16b h210 y1ee6 ff2 fs57 fc0 sc0 ls28e ws548\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c xa63 y3752 w17d h211\"><div class=\"t m4c x81 h210 y1ec1 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </div></td><td></td><td class=\"c xa64 y3752 w17e h211\"><div class=\"t m4c x26 h210 y1ec1 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </div></td><td></td><td class=\"t m4c xa65 h210 y3753 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </td><td></td><td class=\"c xa66 y3752 w180 h211\"><div class=\"t m4c x5 h210 y1ec1 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </div></td></tr><tr><td class=\"c x2cd y3754 w17c h20f\"><div class=\"t m4c x3c h210 y1ebf ff2 fs57 fc0 sc0 ls28a ws539\">Ti<span class=\"_ _0\"></span>polog<span class=\"_ _0\"></span>ia/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ropa<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xa63 y3752 w17d h211\"><div class=\"t m4c x81 h210 y1ec2 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xa64 y3752 w17e h211\"><div class=\"t m4c x26 h210 y1ec2 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"t m4c xa65 h210 y3755 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></td><td></td><td class=\"c xa66 y3752 w180 h211\"><div class=\"t m4c x5 h210 y1ec2 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y3756 w17c h212\"><div class=\"t m4c x3c h210 y1ec4 ff2 fs57 fc0 sc0 ls28d ws1\">A. GEST<span class=\"_ _0\"></span>IO<span class=\"_ _0\"></span>NE DI P<span class=\"_ _0\"></span>AT<span class=\"_ _0\"></span>RIM<span class=\"_ _0\"></span>ONI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3758 w937 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1. Gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa67 y3758 w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(775.<span class=\"_ _0\"></span>691)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa68 y3758 w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(404.<span class=\"_ _0\"></span>220)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa69 y3758 w93a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>16.746)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6a y3758 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6b y3758 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>20.047)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6c y3758 w93d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6d y3758 w93e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(812.484)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6e y3758 w93f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>407.508)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3759 w940 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.1 Commiss<span class=\"_ _0\"></span>ioni di collocamento<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6f y3759 w93a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>79.369)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa70 y3759 w941 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>54.<span class=\"_ _0\"></span>213)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa71 y3759 w942 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(3.223)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa72 y3759 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa73 y3759 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>1.011)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa74 y3759 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa75 y3759 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(83.<span class=\"_ _0\"></span>603)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa76 y3759 w946 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(56.<span class=\"_ _0\"></span>581)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375a w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa78 y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>79.354)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa79 y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(54.<span class=\"_ _0\"></span>197)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7a y375a w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.223)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7b y375a w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7c y375a w94a h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>17)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7d y375a w94b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7e y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>82.593)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7f y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(56.<span class=\"_ _0\"></span>565)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375b w94c h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls291 ws540\">- Gestioni individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa80 y375b w94a h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>16)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa81 y375b w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(16)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa82 y375b w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa83 y375b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa84 y375b w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(994)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa85 y375b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa86 y375b w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>1.010)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa87 y375b w94b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>16)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y375c w950 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.2 Commiss<span class=\"_ _0\"></span>ioni di mante<span class=\"_ _0\"></span>niment<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa88 y375c w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(432.<span class=\"_ _0\"></span>230)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa89 y375c w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>252.232)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8a y375c w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>4.827)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8b y375c w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8c y375c w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>18.895)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8d y375c w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8e y375c w93f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>455.953)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8f y375c w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>252.235)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375d w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa90 y375d w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(417.515)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa91 y375d w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(247.174)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa92 y375d w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.973)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa93 y375d w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa94 y375d w952 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(18.709)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa95 y375d w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa96 y375d w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(440.196)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa97 y375d w953 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(247.174)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375e w94c h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls291 ws540\">- Gestioni individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa98 y375e w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>4.786)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa99 y375e w954 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(1.400)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9a y375e w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9b y375e w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9c y375e w955 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>187)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9d y375e w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9e y375e w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>4.972)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9f y375e w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>1.400)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375f w956 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls292 ws541\">- Fondi Pens<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa0 y375f w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>9.930)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa1 y375f w957 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.659)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa2 y375f w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(855)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa3 y375f w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa4 y375f w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa5 y375f w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa6 y375f w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(10.<span class=\"_ _0\"></span>785)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa7 y375f w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.661)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3760 w958 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.3 Commiss<span class=\"_ _0\"></span>ioni di incentivazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa8 y3760 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa9 y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaaa y3760 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaab y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaac y3760 w959 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaad y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaae y3760 w95a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaaf y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xab0 y3761 w95b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab1 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab2 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab3 y3761 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab4 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab5 y3761 w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab6 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab7 y3761 w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab8 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3762 w95c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.4 Altre comm<span class=\"_ _0\"></span>issioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab9 y3762 w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>264.091)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaba y3762 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>97.775)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabb y3762 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>8.696)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabc y3762 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabd y3762 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabe y3762 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabf y3762 w95d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>272.<span class=\"_ _0\"></span>787)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac0 y3762 w95e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>98.<span class=\"_ _0\"></span>693)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y3763 w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa90 y3763 w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(263.831)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac1 y3763 w95f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(97.694)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac2 y3763 w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>8.696)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac3 y3763 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac4 y3763 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac5 y3763 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac6 y3763 w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(272.527)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac7 y3763 w960 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(98.612)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y3764 w956 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls292 ws541\">- Fondi Pens<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac8 y3764 w955 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>260)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac9 y3764 w961 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>81)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaca y3764 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacb y3764 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacc y3764 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacd y3764 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xace y3764 w955 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>260)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacf y3764 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(81)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3765 w962 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">2. Gestioni ricevute in d<span class=\"_ _0\"></span>elega<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad0 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(2.<span class=\"_ _0\"></span>722)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad1 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>1.107)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad2 y3765 w959 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(279)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6a y3765 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad3 y3765 w963 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>5.584)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad4 y3765 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad5 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>8.585)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad6 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>1.715)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y3766 w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa0 y3766 w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>2.722)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa1 y3766 w957 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(1.107)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa2 y3766 w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(279)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa3 y3766 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad7 y3766 w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>5.584)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad8 y3766 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad9 y3766 w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(8.585)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xada y3766 w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(1.715)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3767 w964 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls293 ws542\">TOTAL<span class=\"_ _1\"></span>E COM<span class=\"_ _1\"></span>MISSIO<span class=\"_ _1\"></span>NI PER<span class=\"_ _1c\"></span> ATTIVITA' DI G<span class=\"_ _1c\"></span>ESTION<span class=\"_ _1\"></span>E  (A)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadb y3767 w965 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>778.<span class=\"_ _0\"></span>412)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadc y3767 w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(405.<span class=\"_ _0\"></span>327)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadd y3767 w93a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>17.025)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xade y3767 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadf y3767 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>25.631)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae0 y3767 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae1 y3767 w93e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(821.069)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae2 y3767 w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>409.223)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3768 w966 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28d ws1\">B. ALT<span class=\"_ _0\"></span>RI SERV<span class=\"_ _0\"></span>IZ<span class=\"_ _0\"></span>I<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae3 y3768 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae4 y3768 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae5 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae6 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae7 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae8 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae9 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaea y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3769 w967 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls292 ws543\">Cons<span class=\"_ _0\"></span>ulenze<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaeb y3769 w961 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>40)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaec y3769 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaed y3769 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xade y3769 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaee y3769 w968 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>5)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaef y3769 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf0 y3769 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(45)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf1 y3769 w969 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(9)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y376a w96a h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls291 ws540\">Altri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf2 y376a w96b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>2.455)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf3 y376a w957 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(2.327)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf4 y376a w96c h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">1.637<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf5 y376a w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf6 y376a w96d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>5.229)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf7 y376a w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf8 y376a w96d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(6.<span class=\"_ _0\"></span>047)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf9 y376a w96d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(2.<span class=\"_ _0\"></span>327)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y376b w96e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28d ws1\">TOT<span class=\"_ _0\"></span>ALE C<span class=\"_ _0\"></span>OMM<span class=\"_ _0\"></span>ISSI<span class=\"_ _0\"></span>ONI<span class=\"_ _0\"></span> PER ALT<span class=\"_ _0\"></span>RI S<span class=\"_ _0\"></span>ERVIZ<span class=\"_ _0\"></span>I (<span class=\"_ _0\"></span>B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafa y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(2.<span class=\"_ _0\"></span>495)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafb y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(2.<span class=\"_ _0\"></span>327)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafc y376b w96f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">1.637<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafd y376b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafe y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(5.<span class=\"_ _0\"></span>234)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaff y376b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb00 y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>6.092)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb01 y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>2.337)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w970 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls294 ws544\">COMMI<span class=\"_ _0\"></span>SSIONI CO<span class=\"_ _0\"></span>MPLESSIVE (A+B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb02 y345e w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>780.907)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb03 y345e w971 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(407.654)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb04 y345e w972 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(15.388)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb05 y345e w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb06 y345e w973 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>30.<span class=\"_ _0\"></span>866)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb07 y345e w974 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb08 y345e w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(827.<span class=\"_ _0\"></span>161)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb09 y345e w93f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(411.<span class=\"_ _0\"></span>560)<span class=\"_ _4ac\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-34": {
   "value": "Sezione 1 <span class=\"ls1 ws1\">\u2013 <span class=\"ls24 wsd7\">Commiss<span class=\"_ _1\"></span>ioni at<span class=\"_ _1\"></span>tive e p<span class=\"_ _1\"></span>assive<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"ls22 wsd8\">Voci 10 e 20</span><span class=\"ff1 fs0\"> </span></span></span></span>1.1<span class=\"ff29 ls1 ws1\"> <span class=\"_ _c\"></span><span class=\"ff5 ls2 ws4\">\u201cC<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>i att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> e<span class=\"_ _11\"></span> p<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span></span><table class=\"s w8e9 h48c\" id=\"_9963025a-057e-4430-8c28-be5a120d2cda\"><tr><td></td><td></td><td class=\"c x950 y3733 w8ea h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x9cd y3733 w8ea h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e8a ff2 fs56 fc0 sc0 ls27c ws52b\">SERVI<span class=\"_ _0\"></span>ZI<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y3735 w17a h20a\"><div class=\"t m4b x42 h208 y1e8c ff2 fs56 fc0 sc0 ls27d ws52c\">Com<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y3735 w17a h20a\"><div class=\"t m4b x188 h208 y1e8d ff2 fs56 fc0 sc0 ls27e ws52d\">Co<span class=\"_ _1\"></span>mm. </div></td><td class=\"c x9ce y3736 w8eb h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls280 ws52f\">Co<span class=\"_ _1\"></span>mm. Nette<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9cf y3736 w8ec h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27d ws52c\">Com<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> A<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d0 y3736 w8ed h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27d ws52c\">C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. P<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d1 y3736 w8eb h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls280 ws52f\">Comm. N<span class=\"_ _1\"></span>ette<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x405 y3735 w17a h20a\"><div class=\"t m4b x188 h208 y1e8e ff2 fs56 fc0 sc0 ls27f ws52e\">Passive<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e8f ff2 fs56 fc0 sc0 ls281 ws530\">A. G<span class=\"_ _1c\"></span>ESTION<span class=\"_ _1c\"></span>I DI PATRIMO<span class=\"_ _1\"></span>NI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e90 ff2 fs56 fc0 sc0 ls282 ws531\">1. Gestioni prop<span class=\"_ _0\"></span>rie<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e91 ff2 fs56 fc0 sc0 ls283 ws52e\">1.1 Fondi comuni<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3737 w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d2 y3737 w8ef h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">669.357<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d3 y3737 w8f0 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>446.353)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d4 y3737 w8ef h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">223.003<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d5 y3737 w8f1 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">628.<span class=\"_ _0\"></span>087<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d6 y3737 w8f2 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(425.400)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d7 y3737 w8f3 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">202.687<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3738 w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d8 y3738 w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">68.326<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d9 y3738 w8f6 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9da y3738 w8f7 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">68.<span class=\"_ _0\"></span>185<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9db y3738 w8f3 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">109.508<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9dc y3738 w8f8 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(302)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9dd y3738 w8f9 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">109.206<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3739 w8fa h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>. di sottosc<span class=\"_ _0\"></span>riz./r<span class=\"_ _1\"></span>imbors<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9de y3739 w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">77.206<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9df y3739 w8fb h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(76.436)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e0 y3739 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">770<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e1 y3739 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">81.477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e2 y3739 w8fe h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>80.550)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e3 y3739 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">927<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373a w8ff h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di sw<span class=\"_ _0\"></span>itch<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e4 y373a w900 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e5 y373a w900 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e6 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e7 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e8 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e9 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373b w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ea y373b w903 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">346.754<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9eb y373b w8f0 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>272.527)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ec y373b w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">74.227<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ed y373b w8f9 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">302.197<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ee y373b w904 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(230.526)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ef y373b w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">71.671<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373c w906 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27d ws52c\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span> fon<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i com<span class=\"_ _0\"></span>uni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f0 y373c w907 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>161.<span class=\"_ _0\"></span>642<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f1 y373c w908 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>795.457)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f2 y373c w909 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">366.185<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f3 y373c w90a h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>121.<span class=\"_ _0\"></span>269<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f4 y373c w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>736.<span class=\"_ _0\"></span>777)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f5 y373c w90c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">384.<span class=\"_ _0\"></span>492<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e99 ff2 fs56 fc0 sc0 ls282 ws531\">1.2 Gestioni individuali<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y373d w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f6 y373d w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">48.408<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f7 y373d w90d h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>5.966)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f8 y373d w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">42.<span class=\"_ _0\"></span>442<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f9 y373d w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">45.642<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fa y373d w90f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>6.035)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fb y373d w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">39.<span class=\"_ _0\"></span>607<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373e w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fc y373e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.136<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fd y373e w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fe y373e w911 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.<span class=\"_ _0\"></span>136<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ff y373e w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">874<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa00 y373e w912 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa01 y373e w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">874<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373f w8fa h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>. di sottosc<span class=\"_ _0\"></span>riz./r<span class=\"_ _1\"></span>imbors<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa02 y373f w913 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">16<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa03 y373f w914 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>16)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa04 y373f w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa05 y373f w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">17<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa06 y373f w916 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(17)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa07 y373f w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3740 w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa08 y3740 w913 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">39<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa09 y3740 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0a y3740 w917 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">39<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0b y3740 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0c y3740 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0d y3740 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3741 w918 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls282 ws531\">Totale<span class=\"_ _0\"></span> commiss<span class=\"_ _0\"></span>ioni da gest<span class=\"_ _0\"></span>ioni individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0e y3741 w919 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">50.599<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0f y3741 w91a h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>982)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa10 y3741 w91b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">44.<span class=\"_ _0\"></span>616<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa11 y3741 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">46.<span class=\"_ _0\"></span>568<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa12 y3741 w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>052)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa13 y3741 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">40.<span class=\"_ _0\"></span>516<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1ea0 ff2 fs56 fc0 sc0 ls283 ws52e\">1.3 Fondi p<span class=\"_ _0\"></span>ensione ap<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3742 w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f6 y3742 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">20.208<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa14 y3742 w8fe h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>10.785)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa15 y3742 w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">9.423<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa16 y3742 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">17.630<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa17 y3742 w91e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(9.346)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa18 y3742 w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">8.284<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3743 w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa19 y3743 w913 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1a y3743 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1b y3743 w917 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1c y3743 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">33<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1d y3743 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1e y3743 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">33<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3744 w8fa h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>. di sottosc<span class=\"_ _0\"></span>riz./r<span class=\"_ _1\"></span>imbors<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1f y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa20 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa21 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa22 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa23 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa24 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3745 w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa25 y3745 w91f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.006<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa26 y3745 w8f8 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(260)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa27 y3745 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">746<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa28 y3745 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">873<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa29 y3745 w920 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(231)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2a y3745 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">641<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3746 w921 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls282 ws531\">Totale<span class=\"_ _0\"></span> commiss<span class=\"_ _0\"></span>ioni da fondi p<span class=\"_ _0\"></span>ensione ap<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2b y3746 w919 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">21.249<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2c y3746 w922 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>11.<span class=\"_ _0\"></span>045)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2d y3746 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">10.<span class=\"_ _0\"></span>204<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2e y3746 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">18.<span class=\"_ _0\"></span>536<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2f y3746 w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>578)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa30 y3746 w923 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">8.<span class=\"_ _0\"></span>958<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1ea7 ff2 fs56 fc0 sc0 ls282 ws531\">2. Gestioni ricevute in d<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>ga<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3747 w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f6 y3747 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">71.077<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f7 y3747 w90d h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>8.185)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f8 y3747 w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">62.<span class=\"_ _0\"></span>892<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f9 y3747 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">72.474<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fa y3747 w90f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>8.311)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fb y3747 w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">64.<span class=\"_ _0\"></span>164<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3748 w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa31 y3748 w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">11.913<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa32 y3748 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa33 y3748 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">11.913<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa34 y3748 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">15.056<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa35 y3748 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa36 y3748 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">15.056<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3749 w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa25 y3749 w91f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.057<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa26 y3749 w8f8 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(400)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa37 y3749 w911 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.<span class=\"_ _0\"></span>657<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa38 y3749 w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.810<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa39 y3749 w920 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(873)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3a y3749 w911 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.<span class=\"_ _0\"></span>937<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y374b w924 h48e\"><div class=\"t m4b x1fa h208 y374a ff2 fs56 fc0 sc0 ls282 ws531\">Totale<span class=\"_ _0\"></span> commiss<span class=\"_ _0\"></span>ioni da gest<span class=\"_ _0\"></span>ioni ricevute in<span class=\"_ _4ac\"> </span></div><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls286 ws535\">delega<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3b y374c w925 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">85.047<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3c y374c w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>585)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3d y374c w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">76.<span class=\"_ _0\"></span>462<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3e y374c w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">90.<span class=\"_ _0\"></span>340<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3f y374c w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>183)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa40 y374c w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">81.<span class=\"_ _0\"></span>157<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y374d w926 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27c ws1\">TO<span class=\"_ _0\"></span>TA<span class=\"_ _0\"></span>LE CO<span class=\"_ _0\"></span>MMI<span class=\"_ _0\"></span>SSI<span class=\"_ _0\"></span>ONI<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>ER GESTI<span class=\"_ _0\"></span>ONE  (<span class=\"_ _0\"></span>A)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa41 y374d w927 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.318.<span class=\"_ _0\"></span>536<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa42 y374d w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>821.<span class=\"_ _0\"></span>069)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa43 y374d w928 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">497.<span class=\"_ _0\"></span>468<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa44 y374d w929 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>276.<span class=\"_ _0\"></span>713<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa45 y374d w908 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(761.<span class=\"_ _0\"></span>590)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa46 y374d w928 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">515.<span class=\"_ _0\"></span>122<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1eb1 ff2 fs56 fc0 sc0 ls27c ws1\">B. ALT<span class=\"_ _0\"></span>RI<span class=\"_ _0\"></span> SERVI<span class=\"_ _0\"></span>ZI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y374e w92a h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls287 ws536\">- Cons<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>enza<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa47 y374e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.641<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa48 y374e w92b h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(45)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa49 y374e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.595<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4a y374e w92c h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.466<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4b y374e w92b h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(27)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4c y374e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.438<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y374f w92d h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4d y374f w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">21.331<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4e y374f w92e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(6.047)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4f y374f w92f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">15.<span class=\"_ _0\"></span>284<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa50 y374f w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">13.<span class=\"_ _0\"></span>482<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa51 y374f w91e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(2.199)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa52 y374f w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">11.283<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3750 w930 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27c ws1\">TO<span class=\"_ _0\"></span>TA<span class=\"_ _0\"></span>LE CO<span class=\"_ _0\"></span>MMI<span class=\"_ _0\"></span>SSI<span class=\"_ _0\"></span>ONI<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>ER ALT<span class=\"_ _0\"></span>RI S<span class=\"_ _0\"></span>ERVIZ<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>  (B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa53 y3750 w919 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">23.972<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa54 y3750 w91a h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>093)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa55 y3750 w91b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">17.<span class=\"_ _0\"></span>880<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa56 y3750 w931 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">14.<span class=\"_ _0\"></span>948<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa57 y3750 w932 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>2.227)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa58 y3750 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">12.<span class=\"_ _0\"></span>721<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w933 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls288 ws535\">COMMI<span class=\"_ _0\"></span>SSIONI<span class=\"_ _0\"></span> COMP<span class=\"_ _0\"></span>LESSIVE  (A+B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa59 y345e w934 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>342.508<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5a y345e w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>827.<span class=\"_ _0\"></span>161)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5b y345e w935 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">515.<span class=\"_ _0\"></span>347<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5c y345e w927 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>291.661<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5d y345e w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>763.<span class=\"_ _0\"></span>818)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5e y345e w928 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">527.<span class=\"_ _0\"></span>843<span class=\"_ _4ac\"> </span></div></td></tr></table>I proventi derivanti dall\u2019<span class=\"_ _0\"></span>attivit\u00e0 di gest<span class=\"_ _0\"></span>ione dei prodotti sono rappresentati pre<span class=\"_ _0\"></span>valentemente dalle commission<span class=\"_ _0\"></span>i di gestione e dalle commissioni di incentivo (ove contrattua<span class=\"_ _0\"></span>lmente previste), che <span class=\"_ _1\"></span>rappr<span class=\"_ _1\"></span>esen<span class=\"_ _1\"></span>tano l<span class=\"_ _1\"></span>a m<span class=\"_ _1\"></span>aggi<span class=\"_ _1\"></span>or part<span class=\"_ _1\"></span>e dei<span class=\"_ _1\"></span> rica<span class=\"_ _1\"></span>vi d<span class=\"_ _1\"></span>el Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1c\"></span>nima. L<span class=\"_ _1\"></span><span class=\"ls0 ws0\">e commissioni di gestione e </span>di incentivo<span class=\"_ _0\"></span> sono prevalentemente collegate al valore<span class=\"_ _0\"></span> di mercato degli AuM e al risultato<span class=\"_ _0\"></span> della<span class=\"_ _4ac\"> </span> gestione de<span class=\"_ _0\"></span>gli stessi prodotti.<span class=\"_ _0\"></span> In particolare,<span class=\"_ _0\"></span> le commissioni di ges<span class=\"_ _0\"></span>tione sono calco<span class=\"_ _0\"></span>late<span class=\"_ _4ac\"> </span> period<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e come<span class=\"_ _1\"></span> perc<span class=\"_ _1\"></span>entual<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span> patri<span class=\"_ _1\"></span>moni<span class=\"_ _1\"></span>o (NAV/<span class=\"_ _1c\"></span>GAV/<span class=\"ff5 ls48 ws538\">c<span class=\"_ _1c\"></span>ommi<span class=\"_ _7\"></span>t<span class=\"_ _1c\"></span>ment<span class=\"_ _1c\"></span><span class=\"ff1 ls0 ws139\">) del sin<span class=\"_ _0\"></span>golo<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls48 ws538\"><span class=\"ff1 ls0 ws139\"><span class=\"_ _1\"></span> </span></span>prodotto; la<span class=\"_ _0\"></span> commissione di incentivo, invece, viene applicata a taluni prodott<span class=\"_ _0\"></span>i e corrisposta a<span class=\"_ _4ac\"> </span> favore delle soc<span class=\"_ _0\"></span>iet\u00e0 di gestione del risparm<span class=\"_ _0\"></span>io del Gruppo Anima quando il rendimento del<span class=\"_ _4ac\"> </span> prodo<span class=\"_ _1\"></span>tto st<span class=\"_ _1c\"></span>esso, in <span class=\"_ _1\"></span>un d<span class=\"_ _1\"></span>etermi<span class=\"_ _1c\"></span>nato peri<span class=\"_ _1\"></span>odo, <span class=\"_ _1\"></span>supera<span class=\"_ _1\"></span> la pe<span class=\"_ _1\"></span><span class=\"ls31 ws5c\">rfor<span class=\"ls0 ws8c\">m<span class=\"_ _0\"></span>ance di un indice di rifer<span class=\"_ _0\"></span>imento<span class=\"_ _4ac\"> </span></span></span><span class=\"ls31 ws5c\"><span class=\"ls0 ws8c\"> </span></span>o un valore presta<span class=\"_ _0\"></span>bilito o un obiettivo di rendimento. In particolare, per talun<span class=\"_ _0\"></span>i fondi la<span class=\"_ _4ac\"> </span>commissione di incentivo \u00e8 dovuta alle societ\u00e0 di gestione del Gruppo Anima se il valore della<span class=\"_ _4ac\"> </span>quota del fon<span class=\"_ _0\"></span>do aumenta e il valore<span class=\"_ _0\"></span> raggiunto \u00e8 su<span class=\"_ _0\"></span>periore a quello pi\u00f9 e<span class=\"_ _0\"></span>levato mai raggiunto<span class=\"_ _4ac\"> </span>in precedenza. Pertanto<span class=\"_ _0\"></span>, il conseguimento delle commissioni di incentivo, cos\u00ec come il loro<span class=\"_ _4ac\"> </span>ammo<span class=\"_ _1c\"></span>ntare, s<span class=\"_ _1\"></span>ono f<span class=\"_ _1\"></span>orte<span class=\"_ _1c\"></span>mente co<span class=\"_ _1c\"></span>ndizio<span class=\"_ _1\"></span>nati <span class=\"_ _1\"></span>dal re<span class=\"_ _1c\"></span>ndiment<span class=\"_ _1c\"></span>o conseg<span class=\"_ _1c\"></span>uito dai<span class=\"_ _1\"></span> fond<span class=\"_ _1\"></span>i e da<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> altri<span class=\"_ _4ac\"> </span>prodott<span class=\"_ _0\"></span>i gestiti:<span class=\"ls1 ws1\"> <span class=\"_ _18\"> </span><span class=\"ls0 wsfe\">f<span class=\"_ _0\"></span>attore che a sua volta risente,<span class=\"_ _0\"></span> oltre che della qualit\u00e0 della ge<span class=\"_ _0\"></span>stione, anche<span class=\"_ _4ac\"> </span></span></span>dell\u2019an<span class=\"_ _0\"></span>damento dei mercati di riferimento e, pi\u00f9 in generale, dall\u2019andamento economico<span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span>fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rio nazi<span class=\"_ _1c\"></span>onale e i<span class=\"_ _1\"></span>nterna<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>onale<span class=\"_ _1c\"></span>.<span class=\"_ _4ac\"> </span>Le commissioni a<span class=\"_ _0\"></span>ttive di gestione da fon<span class=\"_ _0\"></span>di comuni non alternativi (O<span class=\"_ _0\"></span>ICVM), vengono<span class=\"_ _4ac\"> </span>generalmente<span class=\"_ _0\"></span> incassate con periodicit<span class=\"_ _0\"></span>\u00e0 mensile, mentre quelle der<span class=\"_ _0\"></span>ivanti da gestioni individu<span class=\"_ _0\"></span>ali,<span class=\"_ _4ac\"> </span>da g<span class=\"_ _1\"></span>estioni ri<span class=\"_ _1c\"></span>cevute in<span class=\"_ _1\"></span> deleg<span class=\"_ _1\"></span>a e da ges<span class=\"_ _1c\"></span>tione d<span class=\"_ _1\"></span>i FIA con p<span class=\"_ _1c\"></span>eriodicit\u00e0<span class=\"_ _1\"></span> mensi<span class=\"_ _1\"></span>le,<span class=\"ls1 ws1\"> <span class=\"_ _20\"> </span><span class=\"ls30 wsb2\">trime<span class=\"_ _1\"></span>stral<span class=\"_ _1\"></span>e  </span></span><span class=\"_ _483\"></span>o<span class=\"_ _4ac\"> </span>seme<span class=\"_ _0\"></span>stral<span class=\"_ _0\"></span>e.<span class=\"_ _4ac\"> </span>A<span class=\"_ _4ac\"> </span>l 31 dic<span class=\"_ _1c\"></span>embre 202<span class=\"_ _1\"></span>5, le <span class=\"_ _1\"></span>commis<span class=\"_ _1\"></span>sioni <span class=\"_ _1\"></span>nette <span class=\"_ _1\"></span>comp<span class=\"_ _1\"></span>lessive <span class=\"_ _1\"></span>hanno <span class=\"_ _1\"></span>regis<span class=\"_ _1\"></span>trato <span class=\"_ _1\"></span>un dec<span class=\"_ _1\"></span>rement<span class=\"_ _1\"></span>o di cir<span class=\"_ _1c\"></span>ca<span class=\"_ _4ac\"> </span> Euro 12,<span class=\"_ _0\"></span>5 milioni. <span class=\"ls1 ws1\"> </span>Le co<span class=\"_ _1c\"></span>mmissio<span class=\"_ _1\"></span>ni ne<span class=\"_ _1\"></span>tte<span class=\"_ _1\"></span> riveni<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti dai<span class=\"_ _1\"></span> Fondi<span class=\"_ _1\"></span> Co<span class=\"_ _1\"></span>muni, <span class=\"_ _1\"></span>risp<span class=\"_ _1\"></span>etto a<span class=\"_ _1\"></span>ll\u2019a<span class=\"_ _1\"></span>nno p<span class=\"_ _1c\"></span>receden<span class=\"_ _1c\"></span>te, han<span class=\"_ _1\"></span>no<span class=\"_ _4ac\"> </span> consuntivato<span class=\"_ _0\"></span> una diminuzione pari a circa Euro 18,<span class=\"_ _0\"></span>3 milioni, principalm<span class=\"_ _0\"></span>ente per l\u2019effetto di (i)<span class=\"_ _4ac\"> </span> minori commiss<span class=\"_ _0\"></span>ioni di incentivo nette per circa Euro 41 milioni, (ii) mag<span class=\"wsb9\">gior<span class=\"_ _0\"></span>i commissioni di<span class=\"_ _4ac\"> </span></span><span class=\"wsb9\"> </span>gestione nette<span class=\"_ _0\"></span> pari a Euro 20,3 milion<span class=\"_ _0\"></span>i, (iii) maggior<span class=\"_ _0\"></span>i altre commission<span class=\"_ _0\"></span>i (tra cui quelle di<span class=\"_ _4ac\"> </span> collocamento<span class=\"_ _0\"></span> e diritti fissi) per Euro 2,6 milion<span class=\"_ _0\"></span>i.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Con riferimento alle<span class=\"_ _0\"></span> Gestioni individuali, si ev<span class=\"_ _0\"></span>idenzia un incremento delle commissioni nette<span class=\"_ _4ac\"> </span> rispetto a<span class=\"_ _0\"></span>ll\u2019esercizio precedente<span class=\"_ _0\"></span> pari a circa Euro 4,1 milioni.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Le commission<span class=\"_ _0\"></span>i nette realizzate dai Fo<span class=\"_ _0\"></span>ndi pensione apert<span class=\"_ _0\"></span>i, rispetto all\u2019eserc<span class=\"_ _0\"></span>izio 2024, sono<span class=\"_ _4ac\"> </span> aumentate comples<span class=\"_ _0\"></span>sivamente di circa Euro 1,2 milioni.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Le commission<span class=\"_ _0\"></span>i nette delle Gest<span class=\"_ _0\"></span>ioni ricevute in de<span class=\"_ _0\"></span>lega, rispetto<span class=\"_ _0\"></span> all\u2019esercizio 2024,<span class=\"_ _0\"></span> hanno subito<span class=\"_ _4ac\"> </span> una co<span class=\"_ _1\"></span>ntrazi<span class=\"_ _1c\"></span>one di ci<span class=\"_ _1\"></span>rca Eur<span class=\"_ _1c\"></span>o 4,7 mili<span class=\"_ _1\"></span>oni, p<span class=\"_ _1\"></span>rincip<span class=\"_ _1\"></span>alme<span class=\"_ _1\"></span>nte pe<span class=\"_ _1\"></span>r effet<span class=\"_ _1\"></span>to di <span class=\"_ _1\"></span>minori<span class=\"_ _1\"></span> (i) co<span class=\"_ _1\"></span>mmiss<span class=\"_ _1\"></span>ioni d<span class=\"_ _1c\"></span>i<span class=\"_ _4ac\"> </span> incentivo<span class=\"_ _0\"></span> per circa Euro 3,1 m<span class=\"_ _0\"></span>ilioni, (ii) commission<span class=\"_ _0\"></span>i di gestione per<span class=\"_ _0\"></span> circa Euro 1,3 milion<span class=\"_ _0\"></span>i e  (iii)<span class=\"_ _4ac\"> </span> altre commission<span class=\"_ _0\"></span>i per circa Euro 0,3 milioni.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span>Infine, con r<span class=\"_ _0\"></span>iferimento alle commission<span class=\"_ _0\"></span>i nette rivenienti da Altri servizi,<span class=\"_ _0\"></span> si evidenzia un aumento<span class=\"_ _4ac\"> </span> rispetto a<span class=\"_ _0\"></span>ll'esercizio 2024 par<span class=\"_ _0\"></span>i a circa Euro 5<span class=\"_ _0\"></span>,2 milioni princ<span class=\"_ _0\"></span>ipalmente dovuto a (i) m<span class=\"_ _0\"></span>aggiori<span class=\"_ _4ac\"> </span> commi<span class=\"_ _1c\"></span>ssioni<span class=\"_ _1\"></span> attiv<span class=\"_ _1c\"></span>e regis<span class=\"_ _1\"></span>trate<span class=\"_ _1\"></span> sull<span class=\"_ _1\"></span>e atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span> di o<span class=\"_ _1\"></span>rder r<span class=\"_ _1c\"></span>outing<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"ls1d wsbe\">e<span class=\"_ _0\"></span> secur<span class=\"_ _0\"></span>ities le<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g per Euro<span class=\"_ _0\"></span> 0,9<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls1d wsbe\"> </span></span>milioni, (ii) m<span class=\"_ _0\"></span>aggiori commission<span class=\"_ _0\"></span>i rinvenienti dalla so<span class=\"_ _0\"></span>ciet\u00e0 Vita<span class=\"_ _0\"></span> srl, legate alla su<span class=\"_ _0\"></span>a operativit\u00e0 per<span class=\"_ _4ac\"> </span> l\u2019intero anno,  per circa Euro 3,1 milioni e (iii) maggiori commiss<span class=\"_ _0\"></span>ioni di consulenza e custodia<span class=\"_ _4ac\"> </span> per circ<span class=\"_ _1\"></span>a Euro<span class=\"_ _1\"></span> 1,2 mi<span class=\"ls0 ws29\">lioni<span class=\"_ _4ac\"> </span></span>1.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _c\"></span><span class=\"ff5 ls2 ws4\">\u201cC<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>i p<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span>: r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r t<span class=\"_ _13\"></span>ip<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ia e<span class=\"_ _11\"></span> <span class=\"ls240 ws103\">co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>arte</span></span></span><span class=\"ff29 ls1 ws1\"><span class=\"ff5 ls2 ws4\"><span class=\"ls240 ws103\"><span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span></span></span><table class=\"s w936 h48f\" id=\"_a66f3ae1-b07d-476a-b42f-08efc2f3368b\"><tr><td></td><td class=\"c xa5f y3751 w181 h214\"><div class=\"t m4c xc0 h210 y1ee6 ff2 fs57 fc0 sc0 ls295 ws545\">Banche<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xa60 y3751 w182 h214\"><div class=\"t m4c x2a h210 y1ee6 ff2 fs57 fc0 sc0 ls295 ws546\">Enti Finanz<span class=\"_ _0\"></span>iari<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa61 y3751 w183 h214\"><div class=\"t m4c x8a h210 y1ee6 ff2 fs57 fc0 sc0 ls296 ws547\">Altri<span class=\"_ _1c\"></span> sogg<span class=\"_ _1\"></span>etti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xa62 y3751 w184 h214\"><div class=\"t m4c x16b h210 y1ee6 ff2 fs57 fc0 sc0 ls28e ws548\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c xa63 y3752 w17d h211\"><div class=\"t m4c x81 h210 y1ec1 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </div></td><td></td><td class=\"c xa64 y3752 w17e h211\"><div class=\"t m4c x26 h210 y1ec1 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </div></td><td></td><td class=\"t m4c xa65 h210 y3753 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </td><td></td><td class=\"c xa66 y3752 w180 h211\"><div class=\"t m4c x5 h210 y1ec1 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </div></td></tr><tr><td class=\"c x2cd y3754 w17c h20f\"><div class=\"t m4c x3c h210 y1ebf ff2 fs57 fc0 sc0 ls28a ws539\">Ti<span class=\"_ _0\"></span>polog<span class=\"_ _0\"></span>ia/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ropa<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xa63 y3752 w17d h211\"><div class=\"t m4c x81 h210 y1ec2 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xa64 y3752 w17e h211\"><div class=\"t m4c x26 h210 y1ec2 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"t m4c xa65 h210 y3755 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></td><td></td><td class=\"c xa66 y3752 w180 h211\"><div class=\"t m4c x5 h210 y1ec2 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y3756 w17c h212\"><div class=\"t m4c x3c h210 y1ec4 ff2 fs57 fc0 sc0 ls28d ws1\">A. GEST<span class=\"_ _0\"></span>IO<span class=\"_ _0\"></span>NE DI P<span class=\"_ _0\"></span>AT<span class=\"_ _0\"></span>RIM<span class=\"_ _0\"></span>ONI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3758 w937 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1. Gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa67 y3758 w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(775.<span class=\"_ _0\"></span>691)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa68 y3758 w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(404.<span class=\"_ _0\"></span>220)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa69 y3758 w93a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>16.746)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6a y3758 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6b y3758 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>20.047)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6c y3758 w93d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6d y3758 w93e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(812.484)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6e y3758 w93f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>407.508)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3759 w940 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.1 Commiss<span class=\"_ _0\"></span>ioni di collocamento<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6f y3759 w93a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>79.369)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa70 y3759 w941 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>54.<span class=\"_ _0\"></span>213)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa71 y3759 w942 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(3.223)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa72 y3759 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa73 y3759 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>1.011)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa74 y3759 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa75 y3759 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(83.<span class=\"_ _0\"></span>603)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa76 y3759 w946 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(56.<span class=\"_ _0\"></span>581)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375a w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa78 y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>79.354)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa79 y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(54.<span class=\"_ _0\"></span>197)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7a y375a w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.223)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7b y375a w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7c y375a w94a h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>17)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7d y375a w94b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7e y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>82.593)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7f y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(56.<span class=\"_ _0\"></span>565)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375b w94c h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls291 ws540\">- Gestioni individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa80 y375b w94a h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>16)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa81 y375b w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(16)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa82 y375b w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa83 y375b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa84 y375b w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(994)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa85 y375b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa86 y375b w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>1.010)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa87 y375b w94b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>16)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y375c w950 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.2 Commiss<span class=\"_ _0\"></span>ioni di mante<span class=\"_ _0\"></span>niment<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa88 y375c w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(432.<span class=\"_ _0\"></span>230)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa89 y375c w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>252.232)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8a y375c w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>4.827)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8b y375c w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8c y375c w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>18.895)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8d y375c w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8e y375c w93f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>455.953)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8f y375c w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>252.235)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375d w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa90 y375d w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(417.515)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa91 y375d w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(247.174)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa92 y375d w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.973)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa93 y375d w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa94 y375d w952 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(18.709)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa95 y375d w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa96 y375d w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(440.196)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa97 y375d w953 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(247.174)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375e w94c h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls291 ws540\">- Gestioni individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa98 y375e w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>4.786)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa99 y375e w954 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(1.400)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9a y375e w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9b y375e w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9c y375e w955 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>187)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9d y375e w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9e y375e w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>4.972)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9f y375e w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>1.400)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375f w956 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls292 ws541\">- Fondi Pens<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa0 y375f w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>9.930)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa1 y375f w957 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.659)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa2 y375f w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(855)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa3 y375f w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa4 y375f w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa5 y375f w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa6 y375f w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(10.<span class=\"_ _0\"></span>785)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa7 y375f w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.661)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3760 w958 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.3 Commiss<span class=\"_ _0\"></span>ioni di incentivazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa8 y3760 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa9 y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaaa y3760 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaab y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaac y3760 w959 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaad y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaae y3760 w95a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaaf y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xab0 y3761 w95b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab1 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab2 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab3 y3761 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab4 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab5 y3761 w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab6 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab7 y3761 w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab8 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3762 w95c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.4 Altre comm<span class=\"_ _0\"></span>issioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab9 y3762 w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>264.091)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaba y3762 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>97.775)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabb y3762 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>8.696)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabc y3762 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabd y3762 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabe y3762 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabf y3762 w95d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>272.<span class=\"_ _0\"></span>787)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac0 y3762 w95e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>98.<span class=\"_ _0\"></span>693)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y3763 w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa90 y3763 w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(263.831)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac1 y3763 w95f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(97.694)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac2 y3763 w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>8.696)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac3 y3763 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac4 y3763 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac5 y3763 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac6 y3763 w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(272.527)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac7 y3763 w960 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(98.612)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y3764 w956 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls292 ws541\">- Fondi Pens<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac8 y3764 w955 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>260)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac9 y3764 w961 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>81)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaca y3764 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacb y3764 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacc y3764 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacd y3764 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xace y3764 w955 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>260)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacf y3764 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(81)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3765 w962 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">2. Gestioni ricevute in d<span class=\"_ _0\"></span>elega<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad0 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(2.<span class=\"_ _0\"></span>722)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad1 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>1.107)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad2 y3765 w959 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(279)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6a y3765 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad3 y3765 w963 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>5.584)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad4 y3765 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad5 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>8.585)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad6 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>1.715)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y3766 w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa0 y3766 w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>2.722)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa1 y3766 w957 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(1.107)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa2 y3766 w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(279)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa3 y3766 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad7 y3766 w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>5.584)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad8 y3766 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad9 y3766 w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(8.585)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xada y3766 w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(1.715)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3767 w964 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls293 ws542\">TOTAL<span class=\"_ _1\"></span>E COM<span class=\"_ _1\"></span>MISSIO<span class=\"_ _1\"></span>NI PER<span class=\"_ _1c\"></span> ATTIVITA' DI G<span class=\"_ _1c\"></span>ESTION<span class=\"_ _1\"></span>E  (A)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadb y3767 w965 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>778.<span class=\"_ _0\"></span>412)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadc y3767 w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(405.<span class=\"_ _0\"></span>327)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadd y3767 w93a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>17.025)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xade y3767 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadf y3767 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>25.631)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae0 y3767 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae1 y3767 w93e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(821.069)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae2 y3767 w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>409.223)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3768 w966 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28d ws1\">B. ALT<span class=\"_ _0\"></span>RI SERV<span class=\"_ _0\"></span>IZ<span class=\"_ _0\"></span>I<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae3 y3768 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae4 y3768 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae5 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae6 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae7 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae8 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae9 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaea y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3769 w967 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls292 ws543\">Cons<span class=\"_ _0\"></span>ulenze<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaeb y3769 w961 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>40)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaec y3769 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaed y3769 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xade y3769 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaee y3769 w968 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>5)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaef y3769 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf0 y3769 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(45)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf1 y3769 w969 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(9)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y376a w96a h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls291 ws540\">Altri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf2 y376a w96b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>2.455)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf3 y376a w957 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(2.327)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf4 y376a w96c h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">1.637<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf5 y376a w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf6 y376a w96d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>5.229)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf7 y376a w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf8 y376a w96d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(6.<span class=\"_ _0\"></span>047)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf9 y376a w96d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(2.<span class=\"_ _0\"></span>327)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y376b w96e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28d ws1\">TOT<span class=\"_ _0\"></span>ALE C<span class=\"_ _0\"></span>OMM<span class=\"_ _0\"></span>ISSI<span class=\"_ _0\"></span>ONI<span class=\"_ _0\"></span> PER ALT<span class=\"_ _0\"></span>RI S<span class=\"_ _0\"></span>ERVIZ<span class=\"_ _0\"></span>I (<span class=\"_ _0\"></span>B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafa y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(2.<span class=\"_ _0\"></span>495)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafb y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(2.<span class=\"_ _0\"></span>327)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafc y376b w96f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">1.637<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafd y376b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafe y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(5.<span class=\"_ _0\"></span>234)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaff y376b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb00 y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>6.092)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb01 y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>2.337)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w970 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls294 ws544\">COMMI<span class=\"_ _0\"></span>SSIONI CO<span class=\"_ _0\"></span>MPLESSIVE (A+B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb02 y345e w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>780.907)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb03 y345e w971 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(407.654)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb04 y345e w972 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(15.388)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb05 y345e w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb06 y345e w973 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>30.<span class=\"_ _0\"></span>866)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb07 y345e w974 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb08 y345e w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(827.<span class=\"_ _0\"></span>161)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb09 y345e w93f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(411.<span class=\"_ _0\"></span>560)<span class=\"_ _4ac\"> </span></div></td></tr></table>Sezione 2 <span class=\"ls1 ws1\">\u2013 <span class=\"ls24 wsd7\">Dividend<span class=\"_ _1\"></span>i e pr<span class=\"_ _1\"></span>oventi a<span class=\"_ _1\"></span>ssimila<span class=\"_ _1\"></span>ti <span class=\"ls1 ws1\">\u2013 <span class=\"ls22 wsd8\">Voce 40</span><span class=\"ff1 fs0\"> </span></span></span></span>2.1<span class=\"ff29 ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ff5 fs5 ls2 ws4\">C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>i \u201cD<span class=\"_ _13\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>id<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"fs0 ls1 ws1\"> </span></span></span><table class=\"s w975 h490\" id=\"_fe957c8f-080d-4165-a42c-c6190e25d056\"><tr><td></td><td></td><td class=\"c xb0a y376c w187 h218\"><div class=\"t m4d x16b h216 y1ef4 ff2 fs58 fc0 sc0 ls29b ws551\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb0b y376c w188 h218\"><div class=\"t m4d x71 h216 y1ef4 ff2 fs58 fc0 sc0 ls29b ws551\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x405 y376d w185 h215\"><div class=\"t m4d x24 h216 y1ee8 ff2 fs58 fc0 sc0 ls297 ws549\">Voci<span class=\"_ _0\"></span>/P<span class=\"_ _0\"></span>rove<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb0c y376f w976 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls298 ws54a\">Divide<span class=\"_ _0\"></span>ndi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb0d y376f w977 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls298 ws54b\">Pr<span class=\"_ _0\"></span>ov<span class=\"_ _1\"></span>ent<span class=\"_ _0\"></span>i sim<span class=\"_ _0\"></span>ili<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb0e y376f w976 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls298 ws54a\">Divide<span class=\"_ _0\"></span>ndi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb0f y376f w978 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls298 ws54b\">P<span class=\"_ _0\"></span>roventi sim<span class=\"_ _0\"></span>ili<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3770 w979 h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls299 ws54c\">A. Attivit\u00e0 f<span class=\"_ _0\"></span>inanz<span class=\"_ _1\"></span>iarie dete<span class=\"_ _1\"></span>nute pe<span class=\"_ _1\"></span>r la negozia<span class=\"_ _1\"></span>zione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb10 y3770 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb11 y3770 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb12 y3770 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb13 y3770 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3771 w97b h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls299 ws54c\">B. Altre attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie obbligatoriamente<span class=\"_ _1\"></span> valutate al fair value<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb14 y3771 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb15 y3771 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb16 y3771 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb17 y3771 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3772 w186 h219\"><div class=\"t m4d x24 h216 y1ef0 ff1 fs58 fc0 sc0 ls299 ws54c\">C. Attivit\u00e0 f<span class=\"_ _0\"></span>inanz<span class=\"_ _1\"></span>iarie valuate a<span class=\"_ _1\"></span>l fair value con im<span class=\"_ _0\"></span>patto sulla redd<span class=\"_ _1\"></span>itivit\u00e0 </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3772 w186 h219\"><div class=\"t m4d x24 h216 y1ef1 ff1 fs58 fc0 sc0 ls299 ws54d\">com<span class=\"_ _0\"></span>pless<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb18 y3773 w97c h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls29a ws54e\">43.250<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb19 y3773 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1a y3773 w97d h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls29a ws54e\">3.125<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1b y3773 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3774 w97e h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls299 ws54c\">D. Partecipazioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1c y3774 w97f h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1d y3774 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1e y3774 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1f y3774 w97f h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w980 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls297 ws549\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb20 y345e w981 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls29b ws54f\">43.<span class=\"_ _0\"></span>250<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb21 y345e w97a h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb22 y345e w982 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls29b ws54f\">3.<span class=\"_ _0\"></span>125<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb17 y345e w97a h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table>L<span class=\"_ _4ac\"> </span>a voce accoglie i dividendi, incass<span class=\"_ _0\"></span>ati nell\u2019esercizio, rivenienti dalle azion<span class=\"_ _0\"></span>i di BMPS de<span class=\"_ _1\"></span>tenute<span class=\"_ _0\"></span> in port<span class=\"_ _0\"></span>afogli<span class=\"_ _0\"></span>o.<span class=\"_ _4ac\"> </span>Sezione 3 <span class=\"ls1 ws1\">\u2013 </span>Interess<span class=\"_ _0\"></span>i <span class=\"ls1 ws1\">\u2013 </span>Voci 50 e 60<span class=\"ff1 fs0 ls1 ws1\"> </span>3<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>g<span class=\"_ _0\"></span>li \u201c<span class=\"_ _0\"></span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>re<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>i at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span><table class=\"s w9a6 h494\" id=\"_4a14a070-2abc-4308-b1ba-d1b62b04e795\"><tr><td></td><td></td><td></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x60 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws553\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e x5 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws555\">Altre<span class=\"_ _0\"></span> </div></td><td></td><td></td></tr><tr><td class=\"c x212 y3786 w9a7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29c ws552\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb48 y3786 w9a8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29d ws553\">Titoli di d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>ito<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb49 y3786 w9a9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29e ws554\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x69 h21c y1f0d ff2 fs59 fc0 sc0 ls29f ws552\">correnti</div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e xf7 h21c y1f0d ff2 fs59 fc0 sc0 ls2a0 ws556\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4a y3786 w9aa h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4b y3786 w9ab h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3787 w9ac h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e xb4c h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">1. Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al fair value con<span class=\"_ _4ac\"> </span></div></td><td class=\"c x993 y3788 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y3789 w18c h21d\"><div class=\"t m4e x24 h21c y1f12 ff1 fs59 fc0 sc0 ls29f ws55a\">impatto a c<span class=\"_ _0\"></span>onto economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f15 ff1 fs59 fc0 sc0 ls2a3 ws559\">1.3<span class=\"_ _1\"></span> Altre attivit\u00e0 finanziarie ob<span class=\"_ _1\"></span>bligatoriamente </div></td><td class=\"c x993 y378b w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f16 ff1 fs59 fc0 sc0 ls2a3 ws559\">valutate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y378d w9b0 h493\"><div class=\"t m4e x1fa h21c y378c ff1 fs59 fc0 sc0 ls2a2 ws558\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Attivit\u00e0 finanziarie valutate<span class=\"_ _1\"></span> al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizzato<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb53 y378d w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb54 y378d w9b2 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb55 y378d w9b3 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _0\"></span>524<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb56 y378d w9b4 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.<span class=\"_ _0\"></span>618<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378e w9b5 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.1<span class=\"_ _1\"></span> Crediti verso banche<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb58 y378e w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb59 y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5a y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.607<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378f w9b7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.3<span class=\"_ _1\"></span> Crediti verso c<span class=\"_ _0\"></span>lientela<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb5b y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5c y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5d y378f w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">11<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3790 w9b9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altre attivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5e y3790 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5f y3790 w9ba h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb60 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb61 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">29<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3791 w9bc h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">7.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altro: Cas<span class=\"_ _0\"></span>sa e disponibilit\u00e0 liquide<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb62 y3791 w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb63 y3791 w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb64 y3791 w9bd h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">10.984<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb65 y3792 w9be h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a0 ws556\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb66 y3792 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">244<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb67 y3792 w9bf h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.<span class=\"_ _0\"></span>192<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb68 y3792 w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">48<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb69 y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.484<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb6a y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">20.440<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3793 w189 h21b\"><div class=\"t m4e x5 h21f y1f26 ff5 fs59 fc0 sc0 ls2a4 ws55c\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>i att<span class=\"_ _0\"></span>ivi s<span class=\"_ _13\"></span>u att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0 f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ziarie<span class=\"_ _0\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Gli importi iscritt<span class=\"_ _0\"></span>i nella sottovoce \u201c1.3 Altre attivit\u00e0 finanziarie obbligatoriam<span class=\"_ _0\"></span>ente valutate al fair value <span class=\"_ _17\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _17\"> </span></span><span class=\"wsaf\">T<span class=\"_ _0\"></span>itoli di debito\u201d si rife<span class=\"_ _0\"></span>riscono agli intere<span class=\"_ _0\"></span>ssi attivi matur<span class=\"_ _0\"></span>ati nel corso dell\u2019e<span class=\"_ _0\"></span>sercizio in </span>relazione ai BOT detenuti in<span class=\"_ _0\"></span> portafoglio dal Gruppo <span class=\"ls11 ws5\">Anima.<span class=\"ls1 ws1\"> </span></span>La so<span class=\"_ _0\"></span>ttovoc<span class=\"_ _0\"></span>e \u201c3.1 Cr<span class=\"_ _0\"></span>editi ve<span class=\"_ _0\"></span>rso banch<span class=\"_ _0\"></span>e <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws0\">Depositi e conti correnti\u201d s<span class=\"_ _0\"></span>i riferisce agli interessi attivi </span></span>generati dalla liqu<span class=\"_ _0\"></span>idit\u00e0 inve<span class=\"_ _0\"></span>stita attraverso<span class=\"_ _0\"></span> la sottoscrizione dei <span class=\"ff5 ls3a wsca\">ti<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t<span class=\"ff1 ls35 wsb3\">, mentr<span class=\"_ _0\"></span>e nel<span class=\"_ _0\"></span>la </span></span>sottovoce<span class=\"_ _0\"></span> \u201c7 Altro: Cassa e disponibilit\u00e0<span class=\"_ _0\"></span> liquide <span class=\"ls1 ws1\">- <span class=\"lsf ws1f\">Depos<span class=\"_ _1\"></span>iti e co<span class=\"_ _1\"></span>nti corr<span class=\"_ _1c\"></span>enti\u201d trov<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span> esposi<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne </span></span>gli interess<span class=\"_ _0\"></span>i attivi generati dalla liquidit\u00e0 del Gruppo Anima depositata presso conti correnti bancari e postali.<span class=\"ls1 ws1\"> </span>Sezione 6 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">U<span class=\"_ _0\"></span>tile (Perdi<span class=\"_ _0\"></span>ta) da ces<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>e o riacqu<span class=\"_ _0\"></span>isto<span class=\"_ _0\"></span> </span>\u2013 </span>Voce 90<span class=\"ff1 fs0 ls1 ws1\"> </span>6<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>ll\u2019\u201dU<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>ile<span class=\"_ _11\"></span> (P<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>rd<span class=\"_ _13\"></span>ita)<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>a c<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> o<span class=\"_ _13\"></span> riac<span class=\"_ _0\"></span>q<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>\u201d<span class=\"ls1 ws1\"> </span><table class=\"s w9d6 h497\" id=\"_36b55168-054e-43c4-88ce-29d4e53aa3fd\"><tr><td></td><td></td><td></td><td class=\"c xb7c y37a0 w192 h22a\"><div class=\"t m50 x14b h228 y1f60 ff2 fs5b fc0 sc0 ls2b5 ws576\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb7d y37a0 w193 h22a\"><div class=\"t m50 x18d h228 y1f60 ff2 fs5b fc0 sc0 ls2b5 ws576\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x405 y37a1 w191 h227\"><div class=\"t m50 x24 h228 y1f5e ff2 fs5b fc0 sc0 ls2b0 ws56d\">Voci/c<span class=\"_ _1\"></span>omp<span class=\"_ _0\"></span>onenti re<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ituali<span class=\"_ _4ac\"> </span></div></td><td class=\"c x950 y37a3 w9d7 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b1 ws56e\">Utile</div></td><td class=\"c xb7e y37a3 w9d8 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b1 ws56e\">Perdita</div></td><td class=\"c xb7f y37a3 w9d9 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b1 ws56f\">Risultato netto</div></td><td class=\"c xb80 y37a3 w9da h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b1 ws56e\">U<span class=\"_ _0\"></span>tile</div></td><td class=\"c xb81 y37a3 w9db h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b1 ws56e\">Perdita</div></td><td class=\"c xb82 y37a3 w9dc h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b1 ws56f\">Ris<span class=\"_ _0\"></span>ultato netto<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37a1 w191 h227\"><div class=\"t m50 x24 h228 y1f61 ff2 fs5b fc0 sc0 ls2b0 ws56d\">1.1 Att<span class=\"_ _0\"></span>ivit\u00e0 finanz<span class=\"_ _0\"></span>iarie<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y37a4 w9dd h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b1 ws56f\">1.1<span class=\"_ _1c\"></span> A<span class=\"_ _0\"></span>ttivit\u00e0 finanziarie valu<span class=\"_ _1\"></span>tate al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizz<span class=\"_ _1\"></span>ato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb83 y37a4 w9de h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b2 ws570\">386<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb84 y37a4 w9de h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b2 ws570\">386</div></td><td class=\"c xb85 y37a4 w9df h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b2 ws570\">1.047<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb86 y37a4 w9df h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b2 ws570\">1.047<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb87 y37a5 w9e0 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b3 ws572\">- vers<span class=\"_ _0\"></span>o banc<span class=\"_ _0\"></span>he<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb88 y37a5 w9de h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b2 ws570\">386<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb89 y37a5 w9de h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b2 ws570\">386</div></td><td class=\"c xb8a y37a5 w9e1 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b2 ws570\">1.<span class=\"_ _0\"></span>047<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb8b y37a5 w9df h41d\"><div class=\"t m50 x1fa h228 y37a2 ff1 fs5b fc0 sc0 ls2b2 ws570\">1.047</div></td></tr><tr><td class=\"c x405 y37a1 w191 h227\"><div class=\"t m50 x24 h228 y1f65 ff1 fs5b fc0 sc0 ls2b1 ws56f\">  - verso soc<span class=\"_ _0\"></span>iet\u00e0 finanziar<span class=\"_ _1\"></span>ie</div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y37a1 w191 h227\"><div class=\"t m50 x24 h228 y1f66 ff1 fs5b fc0 sc0 ls2b1 ws56f\">  - verso clientela<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y37a6 w9e2 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff2 fs5b fc0 sc0 ls2b4 ws573\">Tota<span class=\"_ _1c\"></span>le atti<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t\u00e0 (1<span class=\"_ _1c\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb8c y37a6 w9e3 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff2 fs5b fc0 sc0 ls2b5 ws574\">386<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb8d y37a6 w9e4 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff2 fs5b fc0 sc0 ls2b5 ws574\">386</div></td><td class=\"c xb8e y37a6 w9e5 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff2 fs5b fc0 sc0 ls2b5 ws574\">1.<span class=\"_ _0\"></span>047<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb8f y37a6 w9e5 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff2 fs5b fc0 sc0 ls2b5 ws574\">1.<span class=\"_ _0\"></span>047<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37a7 w191 h22a\"><div class=\"t m50 x24 h228 y1f69 ff2 fs5b fc0 sc0 ls2b6 ws575\">2. Pas<span class=\"_ _0\"></span>sivit\u00e0 finanziarie<span class=\"_ _0\"></span> valutate al cost<span class=\"_ _0\"></span>o ammortiz<span class=\"_ _0\"></span>zat<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y37a1 w191 h227\"><div class=\"t m50 x24 h228 y1f6a ff2 fs5b fc0 sc0 ls2b0 ws56d\">Totale<span class=\"_ _0\"></span> pas<span class=\"_ _0\"></span>sivit\u00e0 (2) </div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w9e6 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff2 fs5b fc0 sc0 ls2b5 ws576\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> (<span class=\"_ _0\"></span>1+2)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb90 y345e w9e3 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff2 fs5b fc0 sc0 ls2b5 ws574\">386<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb91 y345e w9e7 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff2 fs5b fc0 sc0 ls2b5 ws574\">386</div></td><td class=\"c xb92 y345e w9e5 h41d\"><div class=\"t m50 x1fa h228 y37a2 ff2 fs5b fc0 sc0 ls2b5 ws574\">1.<span class=\"_ _0\"></span>047</div></td><td></td><td class=\"c x405 y37a1 w191 h227\"><div class=\"t m50 xe4 h228 y1f6c ff2 fs5b fc0 sc0 ls1 ws1\"> <span class=\"_ _1b2\"> </span><span class=\"ls2b5 ws574\">1.<span class=\"_ _0\"></span>047<span class=\"_ _22d\"></span><span class=\"ls1 ws571\">                     <span class=\"ws1\"> </span></span></span></div></td></tr></table>La  <span class=\"ls0 wsd5\">voce accoglie il differenziale posit<span class=\"_ _0\"></span>ivo generatosi tra il valor<span class=\"_ _0\"></span>e nominale di crediti fiscali </span>acqui<span class=\"_ _1\"></span>siti<span class=\"_ _1c\"></span> da isti<span class=\"_ _1c\"></span>tuti ba<span class=\"_ _1c\"></span>ncari <span class=\"_ _1\"></span><span class=\"ls1 ws1\">- <span class=\"_ _0\"></span><span class=\"ls0 ws76\">da parte della controllata Anima SGR </span>- <span class=\"ls31 ws5a\">e<span class=\"_ _0\"></span> l\u2019impor<span class=\"_ _0\"></span>to corr<span class=\"_ _0\"></span>isposto al<span class=\"_ _0\"></span>la </span></span>cont<span class=\"_ _1\"></span>ropa<span class=\"_ _1\"></span>rte. Tal<span class=\"_ _1\"></span>i cre<span class=\"_ _1\"></span>diti s<span class=\"_ _1\"></span>ono sta<span class=\"_ _1\"></span>ti acq<span class=\"_ _1\"></span>uista<span class=\"_ _1\"></span>ti ed i<span class=\"_ _1\"></span>ntera<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>e <span class=\"_ _0\"></span><span class=\"ls0 ws0\">utilizzati nel cor<span class=\"_ _0\"></span>so dell\u2019esercizio.<span class=\"ls1 ws1\"> </span></span>Sezione 7 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Ris<span class=\"_ _0\"></span>ultato<span class=\"_ _0\"></span> netto del<span class=\"_ _0\"></span>le altre<span class=\"_ _0\"></span> atti<span class=\"_ _0\"></span>vit\u00e0 e de<span class=\"_ _0\"></span>lle pas<span class=\"_ _0\"></span>sivi<span class=\"_ _0\"></span>t\u00e0 finan<span class=\"_ _0\"></span>ziari<span class=\"_ _0\"></span>e </span></span>valu<span class=\"_ _0\"></span>tate al fai<span class=\"_ _0\"></span>r value<span class=\"_ _0\"></span> con im<span class=\"_ _0\"></span>patto a con<span class=\"_ _0\"></span>to eco<span class=\"_ _0\"></span>nomico<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"ls22 wsd8\">Voce 100</span><span class=\"ff1 fs0\"> </span></span>7<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>l \u201cR<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>t<span class=\"_ _0\"></span>to<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> alt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>lle<span class=\"_ _11\"></span> p<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>iari<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> al f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d c<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> a c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> e<span class=\"_ _13\"></span>c<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>ic<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>: al<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _13\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _11\"></span> o<span class=\"_ _0\"></span>b<span class=\"_ _13\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>ri<span class=\"_ _0\"></span>am<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al f<span class=\"_ _13\"></span>air v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w9c1 h495\" id=\"_89c4a36d-fd4b-4ecc-a91e-1a7eb23827d7\"><tr><td class=\"c x212 y3795 w9c2 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2b7 ws577\">Voci/Component<span class=\"_ _0\"></span>i redd<span class=\"_ _0\"></span>ituali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb6b y3795 w9c3 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2b8 ws578\">Plusvalenz<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb6c y3795 w9c4 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2b7 ws577\">Utili da realiz<span class=\"_ _0\"></span>zo</div></td><td class=\"c xb6d y3795 w9c5 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2b8 ws578\">Minus<span class=\"_ _0\"></span>valenze</div></td><td class=\"c xb6e y3795 w9c6 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2b9 ws579\">Pe<span class=\"_ _0\"></span>rdit<span class=\"_ _0\"></span>e da re<span class=\"_ _0\"></span>alizzo</div></td><td class=\"c xb6f y3795 w9c7 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2ba ws57a\">Ris<span class=\"_ _1\"></span>ulta<span class=\"_ _1\"></span>to n<span class=\"_ _1c\"></span>etto<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3796 w194 h22d\"><div class=\"t m51 x24 h22c y1f71 ff2 fs5c fc0 sc0 ls2b7 ws577\">1. At<span class=\"_ _0\"></span>tivit\u00e0 f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3798 w9c8 h496\"><div class=\"t m51 x1fa h22c y3797 ff1 fs5c fc0 sc0 ls2bb ws57b\">1.1<span class=\"_ _4ac\"> </span></div><div class=\"t m51 x954 h22c y3794 ff1 fs5c fc0 sc0 ls2bc ws57c\">Titoli di debito<span class=\"_ _1\"></span> di cui titoli di Stato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb70 y3799 w9c9 h42a\"><div class=\"t m51 x1fa h22c y3794 ff1 fs5c fc0 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb71 y3799 w9ca h42a\"><div class=\"t m51 x1fa h22c y3794 ff1 fs5c fc0 sc0 ls2bb ws57b\">(<span class=\"_ _0\"></span>31)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb72 y3799 w9cb h42a\"><div class=\"t m51 x1fa h22c y3794 ff1 fs5c fc0 sc0 ls2bb ws57b\">(31)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y379a w9cc h496\"><div class=\"t m51 x1fa h22c y3797 ff1 fs5c fc0 sc0 ls2bb ws57b\">1.2<span class=\"_ _4ac\"> </span></div><div class=\"t m51 x954 h22c y3794 ff1 fs5c fc0 sc0 ls2bc ws57c\">Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y379b w9cd h496\"><div class=\"t m51 x1fa h22c y3797 ff1 fs5c fc0 sc0 ls2bb ws57b\">1.3<span class=\"_ _4ac\"> </span></div><div class=\"t m51 x954 h22c y3794 ff1 fs5c fc0 sc0 ls2bd ws57e\">Qu<span class=\"_ _0\"></span>ote di O<span class=\"_ _0\"></span>.I<span class=\"_ _0\"></span>.C<span class=\"_ _0\"></span>.R.<span class=\"_ _4ac\"> </span></div></td><td class=\"c x950 y379c w9ce h42a\"><div class=\"t m51 x1fa h22c y3794 ff1 fs5c fc0 sc0 ls2bb ws57b\">7.049<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb73 y379c w9ce h42a\"><div class=\"t m51 x1fa h22c y3794 ff1 fs5c fc0 sc0 ls2bb ws57b\">1.149<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb74 y379c w9cf h42a\"><div class=\"t m51 x1fa h22c y3794 ff1 fs5c fc0 sc0 ls2bb ws57b\">(338)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb75 y379c w9cb h42a\"><div class=\"t m51 x1fa h22c y3794 ff1 fs5c fc0 sc0 ls2bb ws57b\">(10)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb76 y379c w9ce h42a\"><div class=\"t m51 x1fa h22c y3794 ff1 fs5c fc0 sc0 ls2bb ws57b\">7.850<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y379d w194 h22b\"><div class=\"t m51 x5 h22e y1f7c ff5 fs5c fc0 sc0 ls2be ws57f\">di cui OI<span class=\"_ _0\"></span>CR<span class=\"_ _0\"></span> propri<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y379e w9d0 h496\"><div class=\"t m51 x1fa h22c y3797 ff1 fs5c fc0 sc0 ls2bb ws57b\">1.4<span class=\"_ _4ac\"> </span></div><div class=\"t m51 x954 h22c y3794 ff1 fs5c fc0 sc0 ls2bf ws580\">Finanziam<span class=\"_ _0\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y379f w194 h22b\"><div class=\"t m51 x24 h22c y1f81 ff2 fs5c fc0 sc0 ls2b7 ws577\">2. At<span class=\"_ _0\"></span>tivit\u00e0 f<span class=\"_ _0\"></span>inanziarie in valuta:<span class=\"_ _0\"></span> dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nze d<span class=\"_ _0\"></span>i cambio<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y345e w9d1 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2c0 ws581\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb77 y345e w9d2 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2c1 ws582\">7.049<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb78 y345e w9d2 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2c1 ws582\">1.149<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb79 y345e w9d3 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2c1 ws582\">(338)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb7a y345e w9d4 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2c1 ws582\">(40)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb7b y345e w9d5 h42a\"><div class=\"t m51 x1fa h22c y3794 ff2 fs5c fc0 sc0 ls2c1 ws582\">7.<span class=\"_ _0\"></span>819<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella tabe<span class=\"_ _0\"></span>lla sono ricomprese le var<span class=\"_ _0\"></span>iazioni positive/negative<span class=\"_ _0\"></span> (plusvalenze/m<span class=\"_ _0\"></span>inusvalenze) derivant<span class=\"_ _0\"></span>i dalla valutazione al fair value delle<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span>tt<span class=\"_ _0\"></span>ivit\u00e0 finanziarie obbligator<span class=\"_ _0\"></span>iamente valutate al fair value,<span class=\"_ _0\"></span> oltre agli ut<span class=\"_ _0\"></span>ili e alle perdit<span class=\"_ _0\"></span>e realizzati nell\u2019<span class=\"_ _0\"></span>esercizio e de<span class=\"_ _0\"></span>rivanti dalla vendit<span class=\"_ _0\"></span>a degli strumenti fin<span class=\"_ _0\"></span>anziari in portafoglio.<span class=\"_ _4ac\"> </span>Sezione 13 <span class=\"ls1 ws1\">\u2013 <span class=\"ls24 wsd7\">Altri pr<span class=\"_ _1\"></span>ovent<span class=\"_ _1\"></span>i e oneri d<span class=\"_ _1\"></span>i ges<span class=\"_ _1\"></span>tione <span class=\"ls1 ws1\">- <span class=\"ls22 wsd8\">Voce 180 </span><span class=\"ff1 fs0\"> </span></span></span></span>1<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>po<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>li \u201cA<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>ro<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>ri d<span class=\"_ _0\"></span>i g<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d <span class=\"ls1 ws1\"> </span><table class=\"s wa75 h4a1\" id=\"_6326a0c6-7962-47d4-ae99-e2f80c2777b6\"><tr><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x24 h245 y2042 ff2 fs63 fc0 sc0 ls2f2 ws5c0\">P<span class=\"_ _0\"></span>rove<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc22 y37ea wa76 h484\"><div class=\"t m59 x1fa h245 y37e9 ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc23 y37ea wa77 h484\"><div class=\"t m59 x1fa h245 y37e9 ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ec wa78 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Proventi var<span class=\"_ _1\"></span>i relativi ai prod<span class=\"_ _1\"></span>otti gestiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc24 y37ec wa79 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">40<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x92 h245 y2046 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">1.892<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ed wa7a h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Recuper<span class=\"_ _1\"></span>o s<span class=\"_ _0\"></span>pese da contratti di sublocazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc25 y37ed wa79 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">74<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x4a h245 y2048 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">55<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x24 h245 y2049 ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Proventi p<span class=\"_ _1\"></span>er crediti d'<span class=\"_ _1\"></span>im<span class=\"_ _0\"></span>posta vari<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x15d h245 y204a ff1 fs63 fc0 sc0 ls2f5 ws5c3\">131<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x24 h245 y204b ff1 fs63 fc0 sc0 ls2f6 ws5c4\">Provento da consolidam<span class=\"_ _0\"></span>ento Kair<span class=\"_ _1\"></span>os<span class=\"_ _0\"></span> SG<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 xb3 h245 y204c ff1 fs63 fc0 sc0 ls2f5 ws5c3\">10.826<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ee wa7b h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f7 ws5c5\">Proventi va<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc26 y37ee wa7c h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">37.116<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x92 h245 y204e ff1 fs63 fc0 sc0 ls2f5 ws5c3\">3.228<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wa7d h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f2 ws5c0\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc27 y345e wa7e h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">37.<span class=\"_ _13\"></span>231<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc28 y345e wa7f h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">16.<span class=\"_ _0\"></span>132<span class=\"_ _4ac\"> </span></div></td></tr></table><table class=\"s wa80 h4a2\" id=\"_3a976f97-fbdc-4ee9-b88a-1ca59381e14b\"><tr><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 x24 h245 y2050 ff2 fs63 fc0 sc0 ls2f8 ws5c7\">One<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc22 y37f0 wa76 h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc29 y37f0 wa81 h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 x24 h245 y2053 ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Oneri relativi ai p<span class=\"_ _1\"></span>rodotti gestiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 x118 h245 y2054 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(103)<span class=\"_ _35f\"></span><span class=\"ls1 ws5c8\">                               <span class=\"ws1\"> </span></span></div></td><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 xb3 h245 y2053 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(1.<span class=\"_ _0\"></span>909)<span class=\"_ _360\"></span><span class=\"ls1 ws5c8\">                            <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y37f1 wa82 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Minusvalenz<span class=\"_ _1\"></span>a alienaz<span class=\"_ _1c\"></span>ione c<span class=\"_ _0\"></span>espiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2a y37f1 wa83 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(1)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2b y37f1 wa84 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(209)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37f2 wa85 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f7 ws5c5\">O<span class=\"_ _0\"></span>neri vari<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2c y37f2 wa86 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(<span class=\"_ _0\"></span>1.146)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2d y37f2 wa87 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(1.126)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ee wa88 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Oneri per migliorie su beni d<span class=\"_ _1\"></span>i tezi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2e y37ee wa89 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(<span class=\"_ _0\"></span>237)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2f y37ee wa89 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(<span class=\"_ _0\"></span>287)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wa7d h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f2 ws5c0\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc30 y345e wa8a h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>487)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc31 y345e wa8b h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">(3.<span class=\"_ _13\"></span>531)<span class=\"_ _4ac\"> </span></div></td></tr></table><table class=\"s wa8c h4a3\" id=\"_b627651d-a73e-4bca-85f0-08a7ef6cd010\"><tr><td class=\"c xc33 y37f3 wa8d h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f9 ws5c9\">To<span class=\"_ _1\"></span>tal<span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>etto<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc34 y37f3 wa7f h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">35.<span class=\"_ _0\"></span>744<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc35 y37f3 wa8e h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">12.601<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"t m0 xc36 h1b y37f4 ff1 fsc fc0 sc0 ls53 ws15e\">(*) Dati re<span class=\"_ _1\"></span>stated <span class=\"_ _1\"></span>per effetto<span class=\"_ _1\"></span> della PPA d<span class=\"_ _1\"></span>i Kairo<span class=\"_ _1\"></span>s SGR e de<span class=\"_ _1\"></span>lla PPA rileva<span class=\"_ _1\"></span>ta da Vita S<span class=\"_ _1\"></span>rl, si rin<span class=\"_ _1c\"></span>via a quanto espos<span class=\"_ _1\"></span>to nella N<span class=\"_ _1\"></span>ota<span class=\"ls1 ws1\"> </span>integr<span class=\"_ _1\"></span>ativa <span class=\"_ _1\"></span>consolida<span class=\"_ _1\"></span>ta, Parte A <span class=\"ls1 ws1\">- </span>P<span class=\"_ _1\"></span>olitic<span class=\"_ _1\"></span>he Contabi<span class=\"_ _1\"></span>li, </td><td></td><td></td></tr><tr><td class=\"t m0 xc36 h1b y37f5 ff1 fsc fc0 sc0 ls53 ws15e\">Altre Info<span class=\"_ _1\"></span>rmazion<span class=\"_ _1\"></span>i paragr<span class=\"_ _1\"></span>afo \"Restate<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>ent B<span class=\"_ _1\"></span>ilancio 202<span class=\"_ _1\"></span>4\"<span class=\"ls1 ws1\"> </span></td><td></td><td></td></tr></table>La so<span class=\"_ _1\"></span>ttovoc<span class=\"_ _1c\"></span>e \u201cProve<span class=\"_ _1\"></span>nti <span class=\"ls1 ws1\">- <span class=\"_ _1f\"> </span><span class=\"ls0 ws189\">Provent<span class=\"_ _0\"></span>i vari\u201d accoglie in par<span class=\"_ _0\"></span>ticolare (i) il pro<span class=\"_ _0\"></span>vento riveniente </span></span>dall\u2019indenn<span class=\"_ _0\"></span>izzo complessivo riconosciut<span class=\"_ _0\"></span>o al Gruppo Anima con riferimento agli accordi sott<span class=\"_ _1\"></span>oscrit<span class=\"_ _1\"></span>ti, d<span class=\"_ _1\"></span>a ulti<span class=\"_ _1c\"></span>mo nel c<span class=\"_ _1\"></span>orso d<span class=\"_ _1\"></span>el 20<span class=\"_ _1\"></span>20, co<span class=\"_ _1c\"></span>n il grup<span class=\"_ _1\"></span>po Ba<span class=\"_ _1\"></span>nco <span class=\"_ _1\"></span>BPM e <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>elato<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls2f ws8b\">a de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>i </span></span>risul<span class=\"_ _1\"></span>tati p<span class=\"_ _1c\"></span>er il peri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>al 1\u00b0 g<span class=\"_ _1\"></span>ennaio <span class=\"_ _1\"></span>2020 al<span class=\"_ _1\"></span> 28 feb<span class=\"_ _1\"></span>brai<span class=\"_ _1\"></span>o 202<span class=\"_ _1\"></span>5, val<span class=\"_ _1\"></span>orizz<span class=\"_ _1\"></span>ato per c<span class=\"_ _1\"></span>irca E<span class=\"_ _1c\"></span>uro 31,8<span class=\"_ _1c\"></span> milioni (per m<span class=\"_ _0\"></span>aggiori dettagli, si rimanda al Capitolo XXII del Prospetto<span class=\"_ _0\"></span> Informativo pubblicato in data 23 marzo 2018 relativo all\u2019aumento di <span class=\"ls30 ws5a\">capi<span class=\"_ _1\"></span>tale e a<span class=\"_ _1\"></span>l d<span class=\"_ _1\"></span>ocume<span class=\"_ _1\"></span>nto i<span class=\"_ _1c\"></span>nformati<span class=\"_ _1\"></span>vo rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vo a<span class=\"_ _1\"></span>d </span>operazioni di maggiore<span class=\"_ _0\"></span> rilevanza con parti correlate<span class=\"_ _0\"></span> pubblicato in data 21 maggio 2020, disponibile<span class=\"_ _0\"></span> sul sito della Societ\u00e0) e<span class=\"_ _0\"></span> (ii) il provento str<span class=\"_ _0\"></span>aordinario registr<span class=\"_ _0\"></span>ato da Anima Holding per un indennizzo relativ<span class=\"_ _0\"></span>o ad accordi di partnership in<span class=\"_ _0\"></span> essere, pari a circa Euro 1,9 milion<span class=\"_ _0\"></span>i.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-660": {
   "value": "Sezione 1 <span class=\"ls1 ws1\">\u2013 <span class=\"ls24 wsd7\">Commiss<span class=\"_ _1\"></span>ioni at<span class=\"_ _1\"></span>tive e p<span class=\"_ _1\"></span>assive<span class=\"_ _1\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"ls22 wsd8\">Voci 10 e 20</span><span class=\"ff1 fs0\"> </span></span></span></span>1.1<span class=\"ff29 ls1 ws1\"> <span class=\"_ _c\"></span><span class=\"ff5 ls2 ws4\">\u201cC<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>i att<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> e<span class=\"_ _11\"></span> p<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></span></span><table class=\"s w8e9 h48c\" id=\"_9963025a-057e-4430-8c28-be5a120d2cda\"><tr><td></td><td></td><td class=\"c x950 y3733 w8ea h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c x9cd y3733 w8ea h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e8a ff2 fs56 fc0 sc0 ls27c ws52b\">SERVI<span class=\"_ _0\"></span>ZI<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y3735 w17a h20a\"><div class=\"t m4b x42 h208 y1e8c ff2 fs56 fc0 sc0 ls27d ws52c\">Com<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y3735 w17a h20a\"><div class=\"t m4b x188 h208 y1e8d ff2 fs56 fc0 sc0 ls27e ws52d\">Co<span class=\"_ _1\"></span>mm. </div></td><td class=\"c x9ce y3736 w8eb h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls280 ws52f\">Co<span class=\"_ _1\"></span>mm. Nette<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9cf y3736 w8ec h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27d ws52c\">Com<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> A<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d0 y3736 w8ed h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27d ws52c\">C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. P<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d1 y3736 w8eb h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls280 ws52f\">Comm. N<span class=\"_ _1\"></span>ette<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x405 y3735 w17a h20a\"><div class=\"t m4b x188 h208 y1e8e ff2 fs56 fc0 sc0 ls27f ws52e\">Passive<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e8f ff2 fs56 fc0 sc0 ls281 ws530\">A. G<span class=\"_ _1c\"></span>ESTION<span class=\"_ _1c\"></span>I DI PATRIMO<span class=\"_ _1\"></span>NI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e90 ff2 fs56 fc0 sc0 ls282 ws531\">1. Gestioni prop<span class=\"_ _0\"></span>rie<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e91 ff2 fs56 fc0 sc0 ls283 ws52e\">1.1 Fondi comuni<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3737 w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d2 y3737 w8ef h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">669.357<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d3 y3737 w8f0 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>446.353)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d4 y3737 w8ef h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">223.003<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d5 y3737 w8f1 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">628.<span class=\"_ _0\"></span>087<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d6 y3737 w8f2 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(425.400)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d7 y3737 w8f3 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">202.687<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3738 w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d8 y3738 w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">68.326<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9d9 y3738 w8f6 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9da y3738 w8f7 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">68.<span class=\"_ _0\"></span>185<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9db y3738 w8f3 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">109.508<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9dc y3738 w8f8 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(302)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9dd y3738 w8f9 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">109.206<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3739 w8fa h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>. di sottosc<span class=\"_ _0\"></span>riz./r<span class=\"_ _1\"></span>imbors<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9de y3739 w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">77.206<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9df y3739 w8fb h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(76.436)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e0 y3739 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">770<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e1 y3739 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">81.477<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e2 y3739 w8fe h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>80.550)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e3 y3739 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">927<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373a w8ff h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di sw<span class=\"_ _0\"></span>itch<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e4 y373a w900 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e5 y373a w900 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e6 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e7 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e8 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9e9 y373a w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373b w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ea y373b w903 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">346.754<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9eb y373b w8f0 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>272.527)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ec y373b w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">74.227<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ed y373b w8f9 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">302.197<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ee y373b w904 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(230.526)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ef y373b w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">71.671<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373c w906 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27d ws52c\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span> fon<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i com<span class=\"_ _0\"></span>uni<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f0 y373c w907 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>161.<span class=\"_ _0\"></span>642<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f1 y373c w908 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>795.457)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f2 y373c w909 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">366.185<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f3 y373c w90a h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>121.<span class=\"_ _0\"></span>269<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f4 y373c w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>736.<span class=\"_ _0\"></span>777)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f5 y373c w90c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">384.<span class=\"_ _0\"></span>492<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1e99 ff2 fs56 fc0 sc0 ls282 ws531\">1.2 Gestioni individuali<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y373d w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f6 y373d w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">48.408<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f7 y373d w90d h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>5.966)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f8 y373d w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">42.<span class=\"_ _0\"></span>442<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f9 y373d w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">45.642<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fa y373d w90f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>6.035)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fb y373d w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">39.<span class=\"_ _0\"></span>607<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373e w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fc y373e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.136<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fd y373e w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fe y373e w911 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.<span class=\"_ _0\"></span>136<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9ff y373e w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">874<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa00 y373e w912 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa01 y373e w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">874<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y373f w8fa h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>. di sottosc<span class=\"_ _0\"></span>riz./r<span class=\"_ _1\"></span>imbors<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa02 y373f w913 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">16<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa03 y373f w914 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>16)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa04 y373f w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa05 y373f w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">17<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa06 y373f w916 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(17)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa07 y373f w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3740 w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa08 y3740 w913 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">39<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa09 y3740 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0a y3740 w917 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">39<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0b y3740 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0c y3740 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0d y3740 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3741 w918 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls282 ws531\">Totale<span class=\"_ _0\"></span> commiss<span class=\"_ _0\"></span>ioni da gest<span class=\"_ _0\"></span>ioni individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0e y3741 w919 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">50.599<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa0f y3741 w91a h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>982)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa10 y3741 w91b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">44.<span class=\"_ _0\"></span>616<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa11 y3741 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">46.<span class=\"_ _0\"></span>568<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa12 y3741 w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>052)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa13 y3741 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">40.<span class=\"_ _0\"></span>516<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1ea0 ff2 fs56 fc0 sc0 ls283 ws52e\">1.3 Fondi p<span class=\"_ _0\"></span>ensione ap<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3742 w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f6 y3742 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">20.208<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa14 y3742 w8fe h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>10.785)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa15 y3742 w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">9.423<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa16 y3742 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">17.630<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa17 y3742 w91e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(9.346)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa18 y3742 w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">8.284<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3743 w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa19 y3743 w913 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1a y3743 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1b y3743 w917 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">35<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1c y3743 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">33<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1d y3743 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1e y3743 w915 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">33<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3744 w8fa h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>. di sottosc<span class=\"_ _0\"></span>riz./r<span class=\"_ _1\"></span>imbors<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa1f y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa20 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa21 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa22 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa23 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa24 y3744 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3745 w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa25 y3745 w91f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.006<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa26 y3745 w8f8 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(260)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa27 y3745 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">746<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa28 y3745 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">873<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa29 y3745 w920 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(231)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2a y3745 w8fc h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">641<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3746 w921 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls282 ws531\">Totale<span class=\"_ _0\"></span> commiss<span class=\"_ _0\"></span>ioni da fondi p<span class=\"_ _0\"></span>ensione ap<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2b y3746 w919 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">21.249<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2c y3746 w922 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>11.<span class=\"_ _0\"></span>045)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2d y3746 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">10.<span class=\"_ _0\"></span>204<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2e y3746 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">18.<span class=\"_ _0\"></span>536<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa2f y3746 w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>578)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa30 y3746 w923 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">8.<span class=\"_ _0\"></span>958<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1ea7 ff2 fs56 fc0 sc0 ls282 ws531\">2. Gestioni ricevute in d<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>ga<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3747 w8ee h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f6 y3747 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">71.077<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f7 y3747 w90d h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>8.185)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f8 y3747 w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">62.<span class=\"_ _0\"></span>892<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9f9 y3747 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">72.474<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fa y3747 w90f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(<span class=\"_ _0\"></span>8.311)<span class=\"_ _4ac\"> </span></div></td><td class=\"c x9fb y3747 w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">64.<span class=\"_ _0\"></span>164<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3748 w8f4 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Comm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>ioni di incentivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa31 y3748 w8f5 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">11.913<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa32 y3748 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa33 y3748 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">11.913<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa34 y3748 w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">15.056<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa35 y3748 w901 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa36 y3748 w905 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">15.056<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3749 w902 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altre comm<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>sioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa25 y3749 w91f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.057<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa26 y3749 w8f8 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(400)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa37 y3749 w911 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.<span class=\"_ _0\"></span>657<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa38 y3749 w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.810<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa39 y3749 w920 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(873)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3a y3749 w911 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.<span class=\"_ _0\"></span>937<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y374b w924 h48e\"><div class=\"t m4b x1fa h208 y374a ff2 fs56 fc0 sc0 ls282 ws531\">Totale<span class=\"_ _0\"></span> commiss<span class=\"_ _0\"></span>ioni da gest<span class=\"_ _0\"></span>ioni ricevute in<span class=\"_ _4ac\"> </span></div><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls286 ws535\">delega<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3b y374c w925 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">85.047<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3c y374c w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>585)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3d y374c w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">76.<span class=\"_ _0\"></span>462<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3e y374c w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">90.<span class=\"_ _0\"></span>340<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa3f y374c w91d h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>183)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa40 y374c w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">81.<span class=\"_ _0\"></span>157<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y374d w926 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27c ws1\">TO<span class=\"_ _0\"></span>TA<span class=\"_ _0\"></span>LE CO<span class=\"_ _0\"></span>MMI<span class=\"_ _0\"></span>SSI<span class=\"_ _0\"></span>ONI<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>ER GESTI<span class=\"_ _0\"></span>ONE  (<span class=\"_ _0\"></span>A)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa41 y374d w927 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.318.<span class=\"_ _0\"></span>536<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa42 y374d w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>821.<span class=\"_ _0\"></span>069)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa43 y374d w928 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">497.<span class=\"_ _0\"></span>468<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa44 y374d w929 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>276.<span class=\"_ _0\"></span>713<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa45 y374d w908 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(761.<span class=\"_ _0\"></span>590)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa46 y374d w928 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">515.<span class=\"_ _0\"></span>122<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3734 w17a h209\"><div class=\"t m4b x24 h208 y1eb1 ff2 fs56 fc0 sc0 ls27c ws1\">B. ALT<span class=\"_ _0\"></span>RI<span class=\"_ _0\"></span> SERVI<span class=\"_ _0\"></span>ZI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y374e w92a h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls287 ws536\">- Cons<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>enza<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa47 y374e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.641<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa48 y374e w92b h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(45)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa49 y374e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">2.595<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4a y374e w92c h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.466<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4b y374e w92b h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(27)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4c y374e w910 h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">1.438<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y374f w92d h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls284 ws532\">- Altri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4d y374f w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">21.331<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4e y374f w92e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(6.047)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa4f y374f w92f h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">15.<span class=\"_ _0\"></span>284<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa50 y374f w90e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">13.<span class=\"_ _0\"></span>482<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa51 y374f w91e h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">(2.199)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa52 y374f w8fd h48d\"><div class=\"t m4b x1fa h208 y3732 ff1 fs56 fc0 sc0 ls285 ws533\">11.283<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3750 w930 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27c ws1\">TO<span class=\"_ _0\"></span>TA<span class=\"_ _0\"></span>LE CO<span class=\"_ _0\"></span>MMI<span class=\"_ _0\"></span>SSI<span class=\"_ _0\"></span>ONI<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>ER ALT<span class=\"_ _0\"></span>RI S<span class=\"_ _0\"></span>ERVIZ<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>  (B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa53 y3750 w919 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">23.972<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa54 y3750 w91a h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>093)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa55 y3750 w91b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">17.<span class=\"_ _0\"></span>880<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa56 y3750 w931 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">14.<span class=\"_ _0\"></span>948<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa57 y3750 w932 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>2.227)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa58 y3750 w91c h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">12.<span class=\"_ _0\"></span>721<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w933 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls288 ws535\">COMMI<span class=\"_ _0\"></span>SSIONI<span class=\"_ _0\"></span> COMP<span class=\"_ _0\"></span>LESSIVE  (A+B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa59 y345e w934 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>342.508<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5a y345e w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>827.<span class=\"_ _0\"></span>161)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5b y345e w935 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">515.<span class=\"_ _0\"></span>347<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5c y345e w927 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">1.<span class=\"_ _0\"></span>291.661<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5d y345e w90b h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">(<span class=\"_ _0\"></span>763.<span class=\"_ _0\"></span>818)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa5e y345e w928 h48d\"><div class=\"t m4b x1fa h208 y3732 ff2 fs56 fc0 sc0 ls27b ws52a\">527.<span class=\"_ _0\"></span>843<span class=\"_ _4ac\"> </span></div></td></tr></table>I proventi derivanti dall\u2019<span class=\"_ _0\"></span>attivit\u00e0 di gest<span class=\"_ _0\"></span>ione dei prodotti sono rappresentati pre<span class=\"_ _0\"></span>valentemente dalle commission<span class=\"_ _0\"></span>i di gestione e dalle commissioni di incentivo (ove contrattua<span class=\"_ _0\"></span>lmente previste), che <span class=\"_ _1\"></span>rappr<span class=\"_ _1\"></span>esen<span class=\"_ _1\"></span>tano l<span class=\"_ _1\"></span>a m<span class=\"_ _1\"></span>aggi<span class=\"_ _1\"></span>or part<span class=\"_ _1\"></span>e dei<span class=\"_ _1\"></span> rica<span class=\"_ _1\"></span>vi d<span class=\"_ _1\"></span>el Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1c\"></span>nima. L<span class=\"_ _1\"></span><span class=\"ls0 ws0\">e commissioni di gestione e </span><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs80a\">di incentivo<span class=\"_ _0\"></span> sono prevalentemente collegate al valore<span class=\"_ _0\"></span> di mercato degli AuM e al risultato<span class=\"_ _0\"></span> della<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf0 gs80b\">gestione de<span class=\"_ _0\"></span>gli stessi prodotti.<span class=\"_ _0\"></span> In particolare,<span class=\"_ _0\"></span> le commissioni di ges<span class=\"_ _0\"></span>tione sono calco<span class=\"_ _0\"></span>late<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws537 gs80c\">period<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>e come<span class=\"_ _1\"></span> perc<span class=\"_ _1\"></span>entual<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span> patri<span class=\"_ _1\"></span>moni<span class=\"_ _1\"></span>o (NAV/<span class=\"_ _1c\"></span>GAV/<span class=\"ff5 ls48 ws538\">c<span class=\"_ _1c\"></span>ommi<span class=\"_ _7\"></span>t<span class=\"_ _1c\"></span>ment<span class=\"_ _1c\"></span><span class=\"ff1 ls0 ws139\">) del sin<span class=\"_ _0\"></span>golo<span class=\"_ _4ac\"> </span></span></span><span class=\"ff5 ls48 ws538\"><span class=\"ff1 ls0 ws139\"><span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs80d\">prodotto; la<span class=\"_ _0\"></span> commissione di incentivo, invece, viene applicata a taluni prodott<span class=\"_ _0\"></span>i e corrisposta a<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsaf gs80e\">favore delle soc<span class=\"_ _0\"></span>iet\u00e0 di gestione del risparm<span class=\"_ _0\"></span>io del Gruppo Anima quando il rendimento del<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws2b gs80f\">prodo<span class=\"_ _1\"></span>tto st<span class=\"_ _1c\"></span>esso, in <span class=\"_ _1\"></span>un d<span class=\"_ _1\"></span>etermi<span class=\"_ _1c\"></span>nato peri<span class=\"_ _1\"></span>odo, <span class=\"_ _1\"></span>supera<span class=\"_ _1\"></span> la pe<span class=\"_ _1\"></span><span class=\"ls31 ws5c\">rfor<span class=\"ls0 ws8c\">m<span class=\"_ _0\"></span>ance di un indice di rifer<span class=\"_ _0\"></span>imento<span class=\"_ _4ac\"> </span></span></span><span class=\"ls31 ws5c\"><span class=\"ls0 ws8c\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws97 gs810\">o un valore presta<span class=\"_ _0\"></span>bilito o un obiettivo di rendimento. In particolare, per talun<span class=\"_ _0\"></span>i fondi la<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs811\">commissione di incentivo \u00e8 dovuta alle societ\u00e0 di gestione del Gruppo Anima se il valore della<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs812\">quota del fon<span class=\"_ _0\"></span>do aumenta e il valore<span class=\"_ _0\"></span> raggiunto \u00e8 su<span class=\"_ _0\"></span>periore a quello pi\u00f9 e<span class=\"_ _0\"></span>levato mai raggiunto<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsaf gs813\">in precedenza. Pertanto<span class=\"_ _0\"></span>, il conseguimento delle commissioni di incentivo, cos\u00ec come il loro<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws90 gs814\">ammo<span class=\"_ _1c\"></span>ntare, s<span class=\"_ _1\"></span>ono f<span class=\"_ _1\"></span>orte<span class=\"_ _1c\"></span>mente co<span class=\"_ _1c\"></span>ndizio<span class=\"_ _1\"></span>nati <span class=\"_ _1\"></span>dal re<span class=\"_ _1c\"></span>ndiment<span class=\"_ _1c\"></span>o conseg<span class=\"_ _1c\"></span>uito dai<span class=\"_ _1\"></span> fond<span class=\"_ _1\"></span>i e da<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> altri<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse wsd9 gs815\">prodott<span class=\"_ _0\"></span>i gestiti:<span class=\"ls1 ws1\"> <span class=\"_ _18\"> </span><span class=\"ls0 wsfe\">f<span class=\"_ _0\"></span>attore che a sua volta risente,<span class=\"_ _0\"></span> oltre che della qualit\u00e0 della ge<span class=\"_ _0\"></span>stione, anche<span class=\"_ _4ac\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gs816\">dell\u2019an<span class=\"_ _0\"></span>damento dei mercati di riferimento e, pi\u00f9 in generale, dall\u2019andamento economico<span class=\"ls1 ws1\">-<span class=\"_ _4ac\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs817\">fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rio nazi<span class=\"_ _1c\"></span>onale e i<span class=\"_ _1\"></span>nterna<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>onale<span class=\"_ _1c\"></span>.<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1a2 gs818\">Le commissioni a<span class=\"_ _0\"></span>ttive di gestione da fon<span class=\"_ _0\"></span>di comuni non alternativi (O<span class=\"_ _0\"></span>ICVM), vengono<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs819\">generalmente<span class=\"_ _0\"></span> incassate con periodicit<span class=\"_ _0\"></span>\u00e0 mensile, mentre quelle der<span class=\"_ _0\"></span>ivanti da gestioni individu<span class=\"_ _0\"></span>ali,<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws241 gs81a\">da g<span class=\"_ _1\"></span>estioni ri<span class=\"_ _1c\"></span>cevute in<span class=\"_ _1\"></span> deleg<span class=\"_ _1\"></span>a e da ges<span class=\"_ _1c\"></span>tione d<span class=\"_ _1\"></span>i FIA con p<span class=\"_ _1c\"></span>eriodicit\u00e0<span class=\"_ _1\"></span> mensi<span class=\"_ _1\"></span>le,<span class=\"ls1 ws1\"> <span class=\"_ _20\"> </span><span class=\"ls30 wsb2\">trime<span class=\"_ _1\"></span>stral<span class=\"_ _1\"></span>e  </span></span><span class=\"_ _483\"></span>o<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws2b gs81b\">seme<span class=\"_ _0\"></span>stral<span class=\"_ _0\"></span>e.<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws147 gsde\">A<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws147 gs81c\">l 31 dic<span class=\"_ _1c\"></span>embre 202<span class=\"_ _1\"></span>5, le <span class=\"_ _1\"></span>commis<span class=\"_ _1\"></span>sioni <span class=\"_ _1\"></span>nette <span class=\"_ _1\"></span>comp<span class=\"_ _1\"></span>lessive <span class=\"_ _1\"></span>hanno <span class=\"_ _1\"></span>regis<span class=\"_ _1\"></span>trato <span class=\"_ _1\"></span>un dec<span class=\"_ _1\"></span>rement<span class=\"_ _1\"></span>o di cir<span class=\"_ _1c\"></span>ca<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gsdf\">Euro 12,<span class=\"_ _0\"></span>5 milioni. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1b5 gse0\">Le co<span class=\"_ _1c\"></span>mmissio<span class=\"_ _1\"></span>ni ne<span class=\"_ _1\"></span>tte<span class=\"_ _1\"></span> riveni<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti dai<span class=\"_ _1\"></span> Fondi<span class=\"_ _1\"></span> Co<span class=\"_ _1\"></span>muni, <span class=\"_ _1\"></span>risp<span class=\"_ _1\"></span>etto a<span class=\"_ _1\"></span>ll\u2019a<span class=\"_ _1\"></span>nno p<span class=\"_ _1c\"></span>receden<span class=\"_ _1c\"></span>te, han<span class=\"_ _1\"></span>no<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gse1\">consuntivato<span class=\"_ _0\"></span> una diminuzione pari a circa Euro 18,<span class=\"_ _0\"></span>3 milioni, principalm<span class=\"_ _0\"></span>ente per l\u2019effetto di (i)<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs81d\">minori commiss<span class=\"_ _0\"></span>ioni di incentivo nette per circa Euro 41 milioni, (ii) mag<span class=\"wsb9\">gior<span class=\"_ _0\"></span>i commissioni di<span class=\"_ _4ac\"> </span></span><span class=\"wsb9\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse3 gse3\">gestione nette<span class=\"_ _0\"></span> pari a Euro 20,3 milion<span class=\"_ _0\"></span>i, (iii) maggior<span class=\"_ _0\"></span>i altre commission<span class=\"_ _0\"></span>i (tra cui quelle di<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs81e\">collocamento<span class=\"_ _0\"></span> e diritti fissi) per Euro 2,6 milion<span class=\"_ _0\"></span>i.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gse5\">Con riferimento alle<span class=\"_ _0\"></span> Gestioni individuali, si ev<span class=\"_ _0\"></span>idenzia un incremento delle commissioni nette<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs81f\">rispetto a<span class=\"_ _0\"></span>ll\u2019esercizio precedente<span class=\"_ _0\"></span> pari a circa Euro 4,1 milioni.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gse7\">Le commission<span class=\"_ _0\"></span>i nette realizzate dai Fo<span class=\"_ _0\"></span>ndi pensione apert<span class=\"_ _0\"></span>i, rispetto all\u2019eserc<span class=\"_ _0\"></span>izio 2024, sono<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs820\">aumentate comples<span class=\"_ _0\"></span>sivamente di circa Euro 1,2 milioni.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs821\">Le commission<span class=\"_ _0\"></span>i nette delle Gest<span class=\"_ _0\"></span>ioni ricevute in de<span class=\"_ _0\"></span>lega, rispetto<span class=\"_ _0\"></span> all\u2019esercizio 2024,<span class=\"_ _0\"></span> hanno subito<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws5d gsea\">una co<span class=\"_ _1\"></span>ntrazi<span class=\"_ _1c\"></span>one di ci<span class=\"_ _1\"></span>rca Eur<span class=\"_ _1c\"></span>o 4,7 mili<span class=\"_ _1\"></span>oni, p<span class=\"_ _1\"></span>rincip<span class=\"_ _1\"></span>alme<span class=\"_ _1\"></span>nte pe<span class=\"_ _1\"></span>r effet<span class=\"_ _1\"></span>to di <span class=\"_ _1\"></span>minori<span class=\"_ _1\"></span> (i) co<span class=\"_ _1\"></span>mmiss<span class=\"_ _1\"></span>ioni d<span class=\"_ _1c\"></span>i<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs822\">incentivo<span class=\"_ _0\"></span> per circa Euro 3,1 m<span class=\"_ _0\"></span>ilioni, (ii) commission<span class=\"_ _0\"></span>i di gestione per<span class=\"_ _0\"></span> circa Euro 1,3 milion<span class=\"_ _0\"></span>i e  (iii)<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs823\">altre commission<span class=\"_ _0\"></span>i per circa Euro 0,3 milioni.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gsed\">Infine, con r<span class=\"_ _0\"></span>iferimento alle commission<span class=\"_ _0\"></span>i nette rivenienti da Altri servizi,<span class=\"_ _0\"></span> si evidenzia un aumento<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs824\">rispetto a<span class=\"_ _0\"></span>ll'esercizio 2024 par<span class=\"_ _0\"></span>i a circa Euro 5<span class=\"_ _0\"></span>,2 milioni princ<span class=\"_ _0\"></span>ipalmente dovuto a (i) m<span class=\"_ _0\"></span>aggiori<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws90 gs825\">commi<span class=\"_ _1c\"></span>ssioni<span class=\"_ _1\"></span> attiv<span class=\"_ _1c\"></span>e regis<span class=\"_ _1\"></span>trate<span class=\"_ _1\"></span> sull<span class=\"_ _1\"></span>e atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _1\"></span> di o<span class=\"_ _1\"></span>rder r<span class=\"_ _1c\"></span>outing<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"ls1d wsbe\">e<span class=\"_ _0\"></span> secur<span class=\"_ _0\"></span>ities le<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g per Euro<span class=\"_ _0\"></span> 0,9<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls1d wsbe\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gsf0\">milioni, (ii) m<span class=\"_ _0\"></span>aggiori commission<span class=\"_ _0\"></span>i rinvenienti dalla so<span class=\"_ _0\"></span>ciet\u00e0 Vita<span class=\"_ _0\"></span> srl, legate alla su<span class=\"_ _0\"></span>a operativit\u00e0 per<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs826\">l\u2019intero anno,  per circa Euro 3,1 milioni e (iii) maggiori commiss<span class=\"_ _0\"></span>ioni di consulenza e custodia<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gsf2\">per circ<span class=\"_ _1\"></span>a Euro<span class=\"_ _1\"></span> 1,2 mi<span class=\"ls0 ws29\">lioni<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws29\"> </span><span class=\"ls0 ws29\"><span class=\"ls1 ws1\"> </span></span></div>1.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _c\"></span><span class=\"ff5 ls2 ws4\">\u201cC<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>m<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>i p<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d<span class=\"_ _0\"></span>: r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r t<span class=\"_ _13\"></span>ip<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>lo<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ia e<span class=\"_ _11\"></span> <span class=\"ls240 ws103\">co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>arte</span></span></span><table class=\"s w936 h48f\" id=\"_a66f3ae1-b07d-476a-b42f-08efc2f3368b\"><tr><td></td><td class=\"c xa5f y3751 w181 h214\"><div class=\"t m4c xc0 h210 y1ee6 ff2 fs57 fc0 sc0 ls295 ws545\">Banche<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xa60 y3751 w182 h214\"><div class=\"t m4c x2a h210 y1ee6 ff2 fs57 fc0 sc0 ls295 ws546\">Enti Finanz<span class=\"_ _0\"></span>iari<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa61 y3751 w183 h214\"><div class=\"t m4c x8a h210 y1ee6 ff2 fs57 fc0 sc0 ls296 ws547\">Altri<span class=\"_ _1c\"></span> sogg<span class=\"_ _1\"></span>etti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xa62 y3751 w184 h214\"><div class=\"t m4c x16b h210 y1ee6 ff2 fs57 fc0 sc0 ls28e ws548\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c xa63 y3752 w17d h211\"><div class=\"t m4c x81 h210 y1ec1 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </div></td><td></td><td class=\"c xa64 y3752 w17e h211\"><div class=\"t m4c x26 h210 y1ec1 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </div></td><td></td><td class=\"t m4c xa65 h210 y3753 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </td><td></td><td class=\"c xa66 y3752 w180 h211\"><div class=\"t m4c x5 h210 y1ec1 ff2 fs57 fc0 sc0 ls28b ws53a\">di cui: d<span class=\"_ _0\"></span>el </div></td></tr><tr><td class=\"c x2cd y3754 w17c h20f\"><div class=\"t m4c x3c h210 y1ebf ff2 fs57 fc0 sc0 ls28a ws539\">Ti<span class=\"_ _0\"></span>polog<span class=\"_ _0\"></span>ia/C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ropa<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xa63 y3752 w17d h211\"><div class=\"t m4c x81 h210 y1ec2 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xa64 y3752 w17e h211\"><div class=\"t m4c x26 h210 y1ec2 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"t m4c xa65 h210 y3755 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></td><td></td><td class=\"c xa66 y3752 w180 h211\"><div class=\"t m4c x5 h210 y1ec2 ff2 fs57 fc0 sc0 ls28c ws53b\">Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x2cd y3756 w17c h212\"><div class=\"t m4c x3c h210 y1ec4 ff2 fs57 fc0 sc0 ls28d ws1\">A. GEST<span class=\"_ _0\"></span>IO<span class=\"_ _0\"></span>NE DI P<span class=\"_ _0\"></span>AT<span class=\"_ _0\"></span>RIM<span class=\"_ _0\"></span>ONI<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3758 w937 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1. Gestioni proprie<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa67 y3758 w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(775.<span class=\"_ _0\"></span>691)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa68 y3758 w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(404.<span class=\"_ _0\"></span>220)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa69 y3758 w93a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>16.746)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6a y3758 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6b y3758 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>20.047)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6c y3758 w93d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6d y3758 w93e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(812.484)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6e y3758 w93f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>407.508)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3759 w940 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.1 Commiss<span class=\"_ _0\"></span>ioni di collocamento<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6f y3759 w93a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>79.369)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa70 y3759 w941 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>54.<span class=\"_ _0\"></span>213)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa71 y3759 w942 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(3.223)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa72 y3759 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa73 y3759 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>1.011)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa74 y3759 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa75 y3759 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(83.<span class=\"_ _0\"></span>603)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa76 y3759 w946 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(56.<span class=\"_ _0\"></span>581)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375a w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa78 y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>79.354)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa79 y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(54.<span class=\"_ _0\"></span>197)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7a y375a w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.223)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7b y375a w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7c y375a w94a h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>17)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7d y375a w94b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7e y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>82.593)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa7f y375a w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(56.<span class=\"_ _0\"></span>565)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375b w94c h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls291 ws540\">- Gestioni individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa80 y375b w94a h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>16)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa81 y375b w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(16)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa82 y375b w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa83 y375b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa84 y375b w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(994)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa85 y375b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa86 y375b w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>1.010)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa87 y375b w94b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>16)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y375c w950 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.2 Commiss<span class=\"_ _0\"></span>ioni di mante<span class=\"_ _0\"></span>niment<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa88 y375c w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(432.<span class=\"_ _0\"></span>230)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa89 y375c w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>252.232)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8a y375c w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>4.827)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8b y375c w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8c y375c w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>18.895)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8d y375c w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8e y375c w93f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>455.953)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa8f y375c w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>252.235)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375d w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa90 y375d w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(417.515)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa91 y375d w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(247.174)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa92 y375d w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.973)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa93 y375d w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa94 y375d w952 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(18.709)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa95 y375d w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa96 y375d w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(440.196)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa97 y375d w953 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(247.174)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375e w94c h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls291 ws540\">- Gestioni individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa98 y375e w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>4.786)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa99 y375e w954 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(1.400)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9a y375e w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9b y375e w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9c y375e w955 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>187)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9d y375e w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9e y375e w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>4.972)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa9f y375e w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>1.400)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y375f w956 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls292 ws541\">- Fondi Pens<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa0 y375f w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>9.930)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa1 y375f w957 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.659)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa2 y375f w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(855)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa3 y375f w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa4 y375f w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa5 y375f w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa6 y375f w948 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(10.<span class=\"_ _0\"></span>785)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa7 y375f w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(3.661)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3760 w958 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.3 Commiss<span class=\"_ _0\"></span>ioni di incentivazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa8 y3760 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa9 y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaaa y3760 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaab y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaac y3760 w959 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaad y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaae y3760 w95a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaaf y3760 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xab0 y3761 w95b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab1 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab2 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab3 y3761 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab4 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab5 y3761 w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab6 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab7 y3761 w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(141)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab8 y3761 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3762 w95c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">1.4 Altre comm<span class=\"_ _0\"></span>issioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xab9 y3762 w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>264.091)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaba y3762 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>97.775)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabb y3762 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>8.696)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabc y3762 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabd y3762 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabe y3762 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xabf y3762 w95d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>272.<span class=\"_ _0\"></span>787)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac0 y3762 w95e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>98.<span class=\"_ _0\"></span>693)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y3763 w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa90 y3763 w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(263.831)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac1 y3763 w95f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(97.694)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac2 y3763 w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>8.696)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac3 y3763 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac4 y3763 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac5 y3763 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac6 y3763 w951 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(272.527)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac7 y3763 w960 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(98.612)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y3764 w956 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls292 ws541\">- Fondi Pens<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac8 y3764 w955 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>260)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xac9 y3764 w961 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>81)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaca y3764 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacb y3764 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacc y3764 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacd y3764 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xace y3764 w955 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>260)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xacf y3764 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(81)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3765 w962 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28b ws53a\">2. Gestioni ricevute in d<span class=\"_ _0\"></span>elega<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad0 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(2.<span class=\"_ _0\"></span>722)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad1 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>1.107)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad2 y3765 w959 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(279)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xa6a y3765 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad3 y3765 w963 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>5.584)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad4 y3765 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad5 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>8.585)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad6 y3765 w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>1.715)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xa77 y3766 w947 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls290 ws53f\">- OICR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa0 y3766 w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>2.722)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa1 y3766 w957 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(1.107)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa2 y3766 w94e h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(279)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaa3 y3766 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad7 y3766 w94f h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>5.584)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad8 y3766 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xad9 y3766 w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(8.585)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xada y3766 w949 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(1.715)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3767 w964 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls293 ws542\">TOTAL<span class=\"_ _1\"></span>E COM<span class=\"_ _1\"></span>MISSIO<span class=\"_ _1\"></span>NI PER<span class=\"_ _1c\"></span> ATTIVITA' DI G<span class=\"_ _1c\"></span>ESTION<span class=\"_ _1\"></span>E  (A)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadb y3767 w965 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>778.<span class=\"_ _0\"></span>412)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadc y3767 w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(405.<span class=\"_ _0\"></span>327)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadd y3767 w93a h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>17.025)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xade y3767 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xadf y3767 w93c h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>25.631)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae0 y3767 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae1 y3767 w93e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(821.069)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae2 y3767 w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>409.223)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3768 w966 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28d ws1\">B. ALT<span class=\"_ _0\"></span>RI SERV<span class=\"_ _0\"></span>IZ<span class=\"_ _0\"></span>I<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae3 y3768 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae4 y3768 w94d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae5 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae6 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae7 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae8 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xae9 y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaea y3768 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3769 w967 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls292 ws543\">Cons<span class=\"_ _0\"></span>ulenze<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaeb y3769 w961 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>40)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaec y3769 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaed y3769 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xade y3769 w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaee y3769 w968 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>5)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaef y3769 w93b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf0 y3769 w945 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(45)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf1 y3769 w969 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(9)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y376a w96a h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls291 ws540\">Altri servizi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf2 y376a w96b h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>2.455)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf3 y376a w957 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(2.327)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf4 y376a w96c h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">1.637<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf5 y376a w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf6 y376a w96d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(<span class=\"_ _0\"></span>5.229)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf7 y376a w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf8 y376a w96d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(6.<span class=\"_ _0\"></span>047)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaf9 y376a w96d h423\"><div class=\"t m4c x1fa h210 y3757 ff1 fs57 fc0 sc0 ls28f ws53e\">(2.<span class=\"_ _0\"></span>327)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y376b w96e h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28d ws1\">TOT<span class=\"_ _0\"></span>ALE C<span class=\"_ _0\"></span>OMM<span class=\"_ _0\"></span>ISSI<span class=\"_ _0\"></span>ONI<span class=\"_ _0\"></span> PER ALT<span class=\"_ _0\"></span>RI S<span class=\"_ _0\"></span>ERVIZ<span class=\"_ _0\"></span>I (<span class=\"_ _0\"></span>B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafa y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(2.<span class=\"_ _0\"></span>495)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafb y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(2.<span class=\"_ _0\"></span>327)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafc y376b w96f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">1.637<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafd y376b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xafe y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(5.<span class=\"_ _0\"></span>234)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xaff y376b w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb00 y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>6.092)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb01 y376b w944 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>2.337)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w970 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls294 ws544\">COMMI<span class=\"_ _0\"></span>SSIONI CO<span class=\"_ _0\"></span>MPLESSIVE (A+B)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb02 y345e w938 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>780.907)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb03 y345e w971 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(407.654)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb04 y345e w972 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(15.388)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb05 y345e w943 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb06 y345e w973 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(<span class=\"_ _0\"></span>30.<span class=\"_ _0\"></span>866)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb07 y345e w974 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(22)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb08 y345e w939 h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(827.<span class=\"_ _0\"></span>161)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb09 y345e w93f h423\"><div class=\"t m4c x1fa h210 y3757 ff2 fs57 fc0 sc0 ls28e ws53c\">(411.<span class=\"_ _0\"></span>560)<span class=\"_ _4ac\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-632": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs82b\">Sezione 2 <span class=\"ls1 ws1\">\u2013 <span class=\"ls24 wsd7\">Dividend<span class=\"_ _1\"></span>i e pr<span class=\"_ _1\"></span>oventi a<span class=\"_ _1\"></span>ssimila<span class=\"_ _1\"></span>ti <span class=\"ls1 ws1\">\u2013 <span class=\"ls22 wsd8\">Voce 40</span><span class=\"ff1 fs0\"> </span></span></span></span></div><div class=\"t m0 hf ff5 fs0 fc0 sc0 ls289 ws71 gs82c\">2.1<span class=\"ff29 ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ff5 fs5 ls2 ws4\">C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>i \u201cD<span class=\"_ _13\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>id<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"fs0 ls1 ws1\"> </span></span></span></div><div class=\"gs82d\"><table class=\"s w975 h490\" id=\"_fe957c8f-080d-4165-a42c-c6190e25d056\"><tr><td></td><td></td><td class=\"c xb0a y376c w187 h218\"><div class=\"t m4d x16b h216 y1ef4 ff2 fs58 fc0 sc0 ls29b ws551\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb0b y376c w188 h218\"><div class=\"t m4d x71 h216 y1ef4 ff2 fs58 fc0 sc0 ls29b ws551\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x405 y376d w185 h215\"><div class=\"t m4d x24 h216 y1ee8 ff2 fs58 fc0 sc0 ls297 ws549\">Voci<span class=\"_ _0\"></span>/P<span class=\"_ _0\"></span>rove<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb0c y376f w976 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls298 ws54a\">Divide<span class=\"_ _0\"></span>ndi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb0d y376f w977 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls298 ws54b\">Pr<span class=\"_ _0\"></span>ov<span class=\"_ _1\"></span>ent<span class=\"_ _0\"></span>i sim<span class=\"_ _0\"></span>ili<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb0e y376f w976 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls298 ws54a\">Divide<span class=\"_ _0\"></span>ndi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb0f y376f w978 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls298 ws54b\">P<span class=\"_ _0\"></span>roventi sim<span class=\"_ _0\"></span>ili<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3770 w979 h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls299 ws54c\">A. Attivit\u00e0 f<span class=\"_ _0\"></span>inanz<span class=\"_ _1\"></span>iarie dete<span class=\"_ _1\"></span>nute pe<span class=\"_ _1\"></span>r la negozia<span class=\"_ _1\"></span>zione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb10 y3770 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb11 y3770 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb12 y3770 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb13 y3770 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3771 w97b h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls299 ws54c\">B. Altre attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie obbligatoriamente<span class=\"_ _1\"></span> valutate al fair value<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb14 y3771 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb15 y3771 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb16 y3771 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb17 y3771 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3772 w186 h219\"><div class=\"t m4d x24 h216 y1ef0 ff1 fs58 fc0 sc0 ls299 ws54c\">C. Attivit\u00e0 f<span class=\"_ _0\"></span>inanz<span class=\"_ _1\"></span>iarie valuate a<span class=\"_ _1\"></span>l fair value con im<span class=\"_ _0\"></span>patto sulla redd<span class=\"_ _1\"></span>itivit\u00e0 </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3772 w186 h219\"><div class=\"t m4d x24 h216 y1ef1 ff1 fs58 fc0 sc0 ls299 ws54d\">com<span class=\"_ _0\"></span>pless<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb18 y3773 w97c h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls29a ws54e\">43.250<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb19 y3773 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1a y3773 w97d h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls29a ws54e\">3.125<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1b y3773 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3774 w97e h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls299 ws54c\">D. Partecipazioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1c y3774 w97f h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1d y3774 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1e y3774 w97a h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb1f y3774 w97f h491\"><div class=\"t m4d x1fa h216 y376e ff1 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e w980 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls297 ws549\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb20 y345e w981 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls29b ws54f\">43.<span class=\"_ _0\"></span>250<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb21 y345e w97a h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb22 y345e w982 h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls29b ws54f\">3.<span class=\"_ _0\"></span>125<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb17 y345e w97a h491\"><div class=\"t m4d x1fa h216 y376e ff2 fs58 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs82e\">L<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs82f\">a voce accoglie i dividendi, incass<span class=\"_ _0\"></span>ati nell\u2019esercizio, rivenienti dalle azion<span class=\"_ _0\"></span>i di BMPS de<span class=\"_ _1\"></span>tenute<span class=\"_ _0\"></span> in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws5c gs830\">port<span class=\"_ _0\"></span>afogli<span class=\"_ _0\"></span>o.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-633": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs832\">Sezione 3 <span class=\"ls1 ws1\">\u2013 </span>Interess<span class=\"_ _0\"></span>i <span class=\"ls1 ws1\">\u2013 </span>Voci 50 e 60<span class=\"ff1 fs0 ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs833\">3<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>g<span class=\"_ _0\"></span>li \u201c<span class=\"_ _0\"></span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>re<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>i at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span></div><div class=\"gs834\"><table class=\"s w9a6 h494\" id=\"_4a14a070-2abc-4308-b1ba-d1b62b04e795\"><tr><td></td><td></td><td></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x60 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws553\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e x5 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws555\">Altre<span class=\"_ _0\"></span> </div></td><td></td><td></td></tr><tr><td class=\"c x212 y3786 w9a7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29c ws552\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb48 y3786 w9a8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29d ws553\">Titoli di d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>ito<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb49 y3786 w9a9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29e ws554\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x69 h21c y1f0d ff2 fs59 fc0 sc0 ls29f ws552\">correnti</div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e xf7 h21c y1f0d ff2 fs59 fc0 sc0 ls2a0 ws556\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4a y3786 w9aa h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4b y3786 w9ab h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3787 w9ac h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e xb4c h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">1. Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al fair value con<span class=\"_ _4ac\"> </span></div></td><td class=\"c x993 y3788 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y3789 w18c h21d\"><div class=\"t m4e x24 h21c y1f12 ff1 fs59 fc0 sc0 ls29f ws55a\">impatto a c<span class=\"_ _0\"></span>onto economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f15 ff1 fs59 fc0 sc0 ls2a3 ws559\">1.3<span class=\"_ _1\"></span> Altre attivit\u00e0 finanziarie ob<span class=\"_ _1\"></span>bligatoriamente </div></td><td class=\"c x993 y378b w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f16 ff1 fs59 fc0 sc0 ls2a3 ws559\">valutate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y378d w9b0 h493\"><div class=\"t m4e x1fa h21c y378c ff1 fs59 fc0 sc0 ls2a2 ws558\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Attivit\u00e0 finanziarie valutate<span class=\"_ _1\"></span> al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizzato<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb53 y378d w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb54 y378d w9b2 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb55 y378d w9b3 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _0\"></span>524<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb56 y378d w9b4 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.<span class=\"_ _0\"></span>618<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378e w9b5 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.1<span class=\"_ _1\"></span> Crediti verso banche<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb58 y378e w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb59 y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5a y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.607<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378f w9b7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.3<span class=\"_ _1\"></span> Crediti verso c<span class=\"_ _0\"></span>lientela<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb5b y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5c y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5d y378f w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">11<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3790 w9b9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altre attivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5e y3790 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5f y3790 w9ba h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb60 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb61 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">29<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3791 w9bc h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">7.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altro: Cas<span class=\"_ _0\"></span>sa e disponibilit\u00e0 liquide<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb62 y3791 w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb63 y3791 w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb64 y3791 w9bd h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">10.984<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb65 y3792 w9be h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a0 ws556\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb66 y3792 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">244<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb67 y3792 w9bf h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.<span class=\"_ _0\"></span>192<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb68 y3792 w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">48<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb69 y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.484<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb6a y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">20.440<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3793 w189 h21b\"><div class=\"t m4e x5 h21f y1f26 ff5 fs59 fc0 sc0 ls2a4 ws55c\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>i att<span class=\"_ _0\"></span>ivi s<span class=\"_ _13\"></span>u att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0 f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ziarie<span class=\"_ _0\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs835\">Gli importi iscritt<span class=\"_ _0\"></span>i nella sottovoce \u201c1.3 Altre attivit\u00e0 finanziarie obbligatoriam<span class=\"_ _0\"></span>ente valutate al fair </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs836\">value <span class=\"_ _17\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _17\"> </span></span><span class=\"wsaf\">T<span class=\"_ _0\"></span>itoli di debito\u201d si rife<span class=\"_ _0\"></span>riscono agli intere<span class=\"_ _0\"></span>ssi attivi matur<span class=\"_ _0\"></span>ati nel corso dell\u2019e<span class=\"_ _0\"></span>sercizio in </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs837\">relazione ai BOT detenuti in<span class=\"_ _0\"></span> portafoglio dal Gruppo <span class=\"ls11 ws5\">Anima.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws85 gs838\">La so<span class=\"_ _0\"></span>ttovoc<span class=\"_ _0\"></span>e \u201c3.1 Cr<span class=\"_ _0\"></span>editi ve<span class=\"_ _0\"></span>rso banch<span class=\"_ _0\"></span>e <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws0\">Depositi e conti correnti\u201d s<span class=\"_ _0\"></span>i riferisce agli interessi attivi </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs839\">generati dalla liqu<span class=\"_ _0\"></span>idit\u00e0 inve<span class=\"_ _0\"></span>stita attraverso<span class=\"_ _0\"></span> la sottoscrizione dei <span class=\"ff5 ls3a wsca\">ti<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t<span class=\"ff1 ls35 wsb3\">, mentr<span class=\"_ _0\"></span>e nel<span class=\"_ _0\"></span>la </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs83a\">sottovoce<span class=\"_ _0\"></span> \u201c7 Altro: Cassa e disponibilit\u00e0<span class=\"_ _0\"></span> liquide <span class=\"ls1 ws1\">- <span class=\"lsf ws1f\">Depos<span class=\"_ _1\"></span>iti e co<span class=\"_ _1\"></span>nti corr<span class=\"_ _1c\"></span>enti\u201d trov<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span> esposi<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs83b\">gli interess<span class=\"_ _0\"></span>i attivi generati dalla liquidit\u00e0 del Gruppo Anima depositata presso conti correnti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs83c\">bancari e postali.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls230 ws4c6 gs83d\">3.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls2 ws4\">C<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>li \u201cI<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>re<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>ri as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"gs83e\"><table class=\"s w983 h492\" id=\"_625d3ea4-20ea-4329-a164-9feed3e0232d\"><tr><td></td><td></td><td></td><td></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x24 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws561\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f x26 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws560\">Altre<span class=\"_ _0\"></span> </div></td><td class=\"c xb25 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb26 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3777 w985 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a5 ws55d\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb27 y3777 w986 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a6 ws55e\">Finanzi<span class=\"_ _0\"></span>ament<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb28 y3777 w987 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a7 ws55f\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb29 y3777 w988 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a8 ws560\">T<span class=\"_ _0\"></span>itoli<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x5 h221 y1f2b ff2 fs5a fc0 sc0 ls2a9 ws55d\">correnti</div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f xf7 h221 y1f2b ff2 fs5a fc0 sc0 ls2aa ws562\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3778 w989 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> valutate al cos<span class=\"_ _0\"></span>to ammortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2b y3778 w98a h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2c y3778 w98b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2d y3778 w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb2e y3778 w98d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2f y3778 w98e h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.423)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb30 y3778 w98f h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y3779 w990 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws567\">1.1 D<span class=\"_ _0\"></span>ebit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb32 y3779 w991 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb33 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb34 y3779 w993 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(1.878)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb35 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.577)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y377a w994 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">1.2<span class=\"_ _1\"></span> Titoli in circ<span class=\"_ _0\"></span>olazione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb36 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb37 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb38 y377a w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.539)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y377b w996 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> di negoziaz<span class=\"_ _1\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377d w997 h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> designate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377e w998 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Altre pass<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb39 y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3a y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y377f w99a h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Derivati di copertura<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3780 w18d h220\"><div class=\"t m4f x24 h221 y1f3d ff1 fs5a fc0 sc0 ls2ac ws564\">6.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Attivit\u00e0 finanziarie<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3781 w99b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">7.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Altro: Cass<span class=\"_ _0\"></span>a e disponibilit\u00e0 liquid<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c xb3b y3781 w99c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(4)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3c y3781 w99d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>4)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xb31 y3782 w99e h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2aa ws562\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3d y3782 w99f h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3e y3782 w9a0 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3f y3782 w9a1 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(4)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb40 y3782 w9a2 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(1.<span class=\"_ _0\"></span>076)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb41 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>468)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb42 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y345e w9a4 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2ae ws569\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i pas<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>ivi r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lativ<span class=\"_ _0\"></span>i ai de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>iti pe<span class=\"_ _13\"></span>r le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb43 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb44 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb45 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(750)<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs83f\">Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">- <span class=\"_ _11\"></span></span>Finanziamenti\u201d sono e<span class=\"_ _0\"></span>videnziati gli interessi pas<span class=\"_ _0\"></span>sivi maturati nel </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsaf gs840\">corso dell\u2019es<span class=\"_ _0\"></span>ercizio in esame in re<span class=\"_ _0\"></span>lazione ai debiti per leasing,<span class=\"_ _0\"></span> iscritti in all\u2019applicaz<span class=\"_ _0\"></span>ione del </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs841\">princi<span class=\"_ _1\"></span>pio<span class=\"_ _1\"></span> contab<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>IFRS 1<span class=\"_ _1\"></span>6, pe<span class=\"_ _1\"></span>r un imp<span class=\"_ _1c\"></span>orto di<span class=\"_ _1\"></span> circa<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>0,<span class=\"ls0 ws15\">8 milioni.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs842\">Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">\u2013 <span class=\"_ _11\"></span></span>Altre operaz<span class=\"_ _0\"></span>ioni\u201d sono evidenziati gli inte<span class=\"_ _0\"></span>ressi di attualizza<span class=\"_ _0\"></span>zione </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs843\">delle passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie rile<span class=\"_ _0\"></span>vate a seguito dei contratt<span class=\"_ _0\"></span>i sottoscritti con r<span class=\"_ _0\"></span>iferimento a Castello </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs844\">SGR e <span class=\"_ _1\"></span>Vita <span class=\"_ _1\"></span>Srl, pe<span class=\"_ _1c\"></span>r un va<span class=\"_ _1\"></span>lore c<span class=\"_ _1\"></span>omples<span class=\"_ _1\"></span>sivo d<span class=\"_ _1\"></span>i cir<span class=\"_ _1\"></span>ca E<span class=\"_ _1\"></span>uro 1<span class=\"ls0 ws15\">,1 milione.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws75 gs845\">Nella sottovoce \u201c1.2 Titoli in circo<span class=\"_ _0\"></span>lazione <span class=\"ls1 ws1\">\u2013  </span>Tito<span class=\"_ _0\"></span>li\u201d sono rappresentati gli interessi passivi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs846\">determin<span class=\"_ _0\"></span>ati con il metodo del costo ammortizzato<span class=\"_ _0\"></span> (sulla base del tasso di interes<span class=\"_ _0\"></span>se effettivo) e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs847\">maturat<span class=\"_ _0\"></span>i nel corso dell\u2019esercizio sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2026 per circ<span class=\"_ _0\"></span>a Euro 5,5 milioni e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs848\">sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2028 per circa Euro 5 milio<span class=\"_ _0\"></span>ni.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-661": {
   "value": "Sezione 3 <span class=\"ls1 ws1\">\u2013 </span>Interess<span class=\"_ _0\"></span>i <span class=\"ls1 ws1\">\u2013 </span>Voci 50 e 60<span class=\"ff1 fs0 ls1 ws1\"> </span>3<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>g<span class=\"_ _0\"></span>li \u201c<span class=\"_ _0\"></span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>re<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>i at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span><table class=\"s w9a6 h494\" id=\"_4a14a070-2abc-4308-b1ba-d1b62b04e795\"><tr><td></td><td></td><td></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x60 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws553\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e x5 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws555\">Altre<span class=\"_ _0\"></span> </div></td><td></td><td></td></tr><tr><td class=\"c x212 y3786 w9a7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29c ws552\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb48 y3786 w9a8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29d ws553\">Titoli di d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>ito<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb49 y3786 w9a9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29e ws554\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x69 h21c y1f0d ff2 fs59 fc0 sc0 ls29f ws552\">correnti</div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e xf7 h21c y1f0d ff2 fs59 fc0 sc0 ls2a0 ws556\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4a y3786 w9aa h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4b y3786 w9ab h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3787 w9ac h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e xb4c h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">1. Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al fair value con<span class=\"_ _4ac\"> </span></div></td><td class=\"c x993 y3788 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y3789 w18c h21d\"><div class=\"t m4e x24 h21c y1f12 ff1 fs59 fc0 sc0 ls29f ws55a\">impatto a c<span class=\"_ _0\"></span>onto economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f15 ff1 fs59 fc0 sc0 ls2a3 ws559\">1.3<span class=\"_ _1\"></span> Altre attivit\u00e0 finanziarie ob<span class=\"_ _1\"></span>bligatoriamente </div></td><td class=\"c x993 y378b w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f16 ff1 fs59 fc0 sc0 ls2a3 ws559\">valutate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y378d w9b0 h493\"><div class=\"t m4e x1fa h21c y378c ff1 fs59 fc0 sc0 ls2a2 ws558\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Attivit\u00e0 finanziarie valutate<span class=\"_ _1\"></span> al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizzato<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb53 y378d w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb54 y378d w9b2 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb55 y378d w9b3 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _0\"></span>524<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb56 y378d w9b4 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.<span class=\"_ _0\"></span>618<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378e w9b5 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.1<span class=\"_ _1\"></span> Crediti verso banche<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb58 y378e w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb59 y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5a y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.607<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378f w9b7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.3<span class=\"_ _1\"></span> Crediti verso c<span class=\"_ _0\"></span>lientela<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb5b y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5c y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5d y378f w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">11<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3790 w9b9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altre attivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5e y3790 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5f y3790 w9ba h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb60 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb61 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">29<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3791 w9bc h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">7.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altro: Cas<span class=\"_ _0\"></span>sa e disponibilit\u00e0 liquide<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb62 y3791 w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb63 y3791 w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb64 y3791 w9bd h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">10.984<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb65 y3792 w9be h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a0 ws556\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb66 y3792 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">244<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb67 y3792 w9bf h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.<span class=\"_ _0\"></span>192<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb68 y3792 w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">48<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb69 y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.484<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb6a y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">20.440<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3793 w189 h21b\"><div class=\"t m4e x5 h21f y1f26 ff5 fs59 fc0 sc0 ls2a4 ws55c\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>i att<span class=\"_ _0\"></span>ivi s<span class=\"_ _13\"></span>u att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0 f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ziarie<span class=\"_ _0\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Gli importi iscritt<span class=\"_ _0\"></span>i nella sottovoce \u201c1.3 Altre attivit\u00e0 finanziarie obbligatoriam<span class=\"_ _0\"></span>ente valutate al fair value <span class=\"_ _17\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _17\"> </span></span><span class=\"wsaf\">T<span class=\"_ _0\"></span>itoli di debito\u201d si rife<span class=\"_ _0\"></span>riscono agli intere<span class=\"_ _0\"></span>ssi attivi matur<span class=\"_ _0\"></span>ati nel corso dell\u2019e<span class=\"_ _0\"></span>sercizio in </span>relazione ai BOT detenuti in<span class=\"_ _0\"></span> portafoglio dal Gruppo <span class=\"ls11 ws5\">Anima.<span class=\"ls1 ws1\"> </span></span>La so<span class=\"_ _0\"></span>ttovoc<span class=\"_ _0\"></span>e \u201c3.1 Cr<span class=\"_ _0\"></span>editi ve<span class=\"_ _0\"></span>rso banch<span class=\"_ _0\"></span>e <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws0\">Depositi e conti correnti\u201d s<span class=\"_ _0\"></span>i riferisce agli interessi attivi </span></span>generati dalla liqu<span class=\"_ _0\"></span>idit\u00e0 inve<span class=\"_ _0\"></span>stita attraverso<span class=\"_ _0\"></span> la sottoscrizione dei <span class=\"ff5 ls3a wsca\">ti<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t<span class=\"ff1 ls35 wsb3\">, mentr<span class=\"_ _0\"></span>e nel<span class=\"_ _0\"></span>la </span></span>sottovoce<span class=\"_ _0\"></span> \u201c7 Altro: Cassa e disponibilit\u00e0<span class=\"_ _0\"></span> liquide <span class=\"ls1 ws1\">- <span class=\"lsf ws1f\">Depos<span class=\"_ _1\"></span>iti e co<span class=\"_ _1\"></span>nti corr<span class=\"_ _1c\"></span>enti\u201d trov<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span> esposi<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne </span></span>gli interess<span class=\"_ _0\"></span>i attivi generati dalla liquidit\u00e0 del Gruppo Anima depositata presso conti correnti bancari e postali.<span class=\"ls1 ws1\"> </span>3.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls2 ws4\">C<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>li \u201cI<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>re<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>ri as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span></span></span><table class=\"s w983 h492\" id=\"_625d3ea4-20ea-4329-a164-9feed3e0232d\"><tr><td></td><td></td><td></td><td></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x24 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws561\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f x26 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws560\">Altre<span class=\"_ _0\"></span> </div></td><td class=\"c xb25 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb26 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3777 w985 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a5 ws55d\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb27 y3777 w986 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a6 ws55e\">Finanzi<span class=\"_ _0\"></span>ament<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb28 y3777 w987 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a7 ws55f\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb29 y3777 w988 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a8 ws560\">T<span class=\"_ _0\"></span>itoli<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x5 h221 y1f2b ff2 fs5a fc0 sc0 ls2a9 ws55d\">correnti</div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f xf7 h221 y1f2b ff2 fs5a fc0 sc0 ls2aa ws562\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3778 w989 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> valutate al cos<span class=\"_ _0\"></span>to ammortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2b y3778 w98a h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2c y3778 w98b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2d y3778 w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb2e y3778 w98d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2f y3778 w98e h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.423)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb30 y3778 w98f h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y3779 w990 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws567\">1.1 D<span class=\"_ _0\"></span>ebit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb32 y3779 w991 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb33 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb34 y3779 w993 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(1.878)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb35 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.577)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y377a w994 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">1.2<span class=\"_ _1\"></span> Titoli in circ<span class=\"_ _0\"></span>olazione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb36 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb37 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb38 y377a w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.539)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y377b w996 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> di negoziaz<span class=\"_ _1\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377d w997 h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> designate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377e w998 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Altre pass<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb39 y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3a y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y377f w99a h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Derivati di copertura<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3780 w18d h220\"><div class=\"t m4f x24 h221 y1f3d ff1 fs5a fc0 sc0 ls2ac ws564\">6.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Attivit\u00e0 finanziarie<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3781 w99b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">7.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Altro: Cass<span class=\"_ _0\"></span>a e disponibilit\u00e0 liquid<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c xb3b y3781 w99c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(4)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3c y3781 w99d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>4)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xb31 y3782 w99e h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2aa ws562\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3d y3782 w99f h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3e y3782 w9a0 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3f y3782 w9a1 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(4)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb40 y3782 w9a2 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(1.<span class=\"_ _0\"></span>076)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb41 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>468)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb42 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y345e w9a4 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2ae ws569\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i pas<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>ivi r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lativ<span class=\"_ _0\"></span>i ai de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>iti pe<span class=\"_ _13\"></span>r le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb43 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb44 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb45 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(750)<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">- <span class=\"_ _11\"></span></span>Finanziamenti\u201d sono e<span class=\"_ _0\"></span>videnziati gli interessi pas<span class=\"_ _0\"></span>sivi maturati nel corso dell\u2019es<span class=\"_ _0\"></span>ercizio in esame in re<span class=\"_ _0\"></span>lazione ai debiti per leasing,<span class=\"_ _0\"></span> iscritti in all\u2019applicaz<span class=\"_ _0\"></span>ione del princi<span class=\"_ _1\"></span>pio<span class=\"_ _1\"></span> contab<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>IFRS 1<span class=\"_ _1\"></span>6, pe<span class=\"_ _1\"></span>r un imp<span class=\"_ _1c\"></span>orto di<span class=\"_ _1\"></span> circa<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>0,<span class=\"ls0 ws15\">8 milioni.<span class=\"ls1 ws1\"> </span></span>Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">\u2013 <span class=\"_ _11\"></span></span>Altre operaz<span class=\"_ _0\"></span>ioni\u201d sono evidenziati gli inte<span class=\"_ _0\"></span>ressi di attualizza<span class=\"_ _0\"></span>zione delle passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie rile<span class=\"_ _0\"></span>vate a seguito dei contratt<span class=\"_ _0\"></span>i sottoscritti con r<span class=\"_ _0\"></span>iferimento a Castello SGR e <span class=\"_ _1\"></span>Vita <span class=\"_ _1\"></span>Srl, pe<span class=\"_ _1c\"></span>r un va<span class=\"_ _1\"></span>lore c<span class=\"_ _1\"></span>omples<span class=\"_ _1\"></span>sivo d<span class=\"_ _1\"></span>i cir<span class=\"_ _1\"></span>ca E<span class=\"_ _1\"></span>uro 1<span class=\"ls0 ws15\">,1 milione.<span class=\"ls1 ws1\"> </span></span>Nella sottovoce \u201c1.2 Titoli in circo<span class=\"_ _0\"></span>lazione <span class=\"ls1 ws1\">\u2013  </span>Tito<span class=\"_ _0\"></span>li\u201d sono rappresentati gli interessi passivi determin<span class=\"_ _0\"></span>ati con il metodo del costo ammortizzato<span class=\"_ _0\"></span> (sulla base del tasso di interes<span class=\"_ _0\"></span>se effettivo) e maturat<span class=\"_ _0\"></span>i nel corso dell\u2019esercizio sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2026 per circ<span class=\"_ _0\"></span>a Euro 5,5 milioni e sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2028 per circa Euro 5 milio<span class=\"_ _0\"></span>ni.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-717": {
   "value": "3<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>g<span class=\"_ _0\"></span>li \u201c<span class=\"_ _0\"></span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>re<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>i at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span><table class=\"s w9a6 h494\" id=\"_4a14a070-2abc-4308-b1ba-d1b62b04e795\"><tr><td></td><td></td><td></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x60 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws553\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e x5 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws555\">Altre<span class=\"_ _0\"></span> </div></td><td></td><td></td></tr><tr><td class=\"c x212 y3786 w9a7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29c ws552\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb48 y3786 w9a8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29d ws553\">Titoli di d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>ito<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb49 y3786 w9a9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29e ws554\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x69 h21c y1f0d ff2 fs59 fc0 sc0 ls29f ws552\">correnti</div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e xf7 h21c y1f0d ff2 fs59 fc0 sc0 ls2a0 ws556\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4a y3786 w9aa h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4b y3786 w9ab h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3787 w9ac h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e xb4c h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">1. Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al fair value con<span class=\"_ _4ac\"> </span></div></td><td class=\"c x993 y3788 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y3789 w18c h21d\"><div class=\"t m4e x24 h21c y1f12 ff1 fs59 fc0 sc0 ls29f ws55a\">impatto a c<span class=\"_ _0\"></span>onto economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f15 ff1 fs59 fc0 sc0 ls2a3 ws559\">1.3<span class=\"_ _1\"></span> Altre attivit\u00e0 finanziarie ob<span class=\"_ _1\"></span>bligatoriamente </div></td><td class=\"c x993 y378b w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f16 ff1 fs59 fc0 sc0 ls2a3 ws559\">valutate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y378d w9b0 h493\"><div class=\"t m4e x1fa h21c y378c ff1 fs59 fc0 sc0 ls2a2 ws558\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Attivit\u00e0 finanziarie valutate<span class=\"_ _1\"></span> al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizzato<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb53 y378d w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb54 y378d w9b2 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb55 y378d w9b3 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _0\"></span>524<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb56 y378d w9b4 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.<span class=\"_ _0\"></span>618<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378e w9b5 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.1<span class=\"_ _1\"></span> Crediti verso banche<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb58 y378e w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb59 y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5a y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.607<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378f w9b7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.3<span class=\"_ _1\"></span> Crediti verso c<span class=\"_ _0\"></span>lientela<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb5b y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5c y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5d y378f w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">11<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3790 w9b9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altre attivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5e y3790 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5f y3790 w9ba h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb60 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb61 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">29<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3791 w9bc h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">7.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altro: Cas<span class=\"_ _0\"></span>sa e disponibilit\u00e0 liquide<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb62 y3791 w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb63 y3791 w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb64 y3791 w9bd h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">10.984<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb65 y3792 w9be h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a0 ws556\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb66 y3792 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">244<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb67 y3792 w9bf h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.<span class=\"_ _0\"></span>192<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb68 y3792 w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">48<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb69 y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.484<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb6a y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">20.440<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3793 w189 h21b\"><div class=\"t m4e x5 h21f y1f26 ff5 fs59 fc0 sc0 ls2a4 ws55c\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>i att<span class=\"_ _0\"></span>ivi s<span class=\"_ _13\"></span>u att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0 f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ziarie<span class=\"_ _0\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Gli importi iscritt<span class=\"_ _0\"></span>i nella sottovoce \u201c1.3 Altre attivit\u00e0 finanziarie obbligatoriam<span class=\"_ _0\"></span>ente valutate al fair value <span class=\"_ _17\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _17\"> </span></span><span class=\"wsaf\">T<span class=\"_ _0\"></span>itoli di debito\u201d si rife<span class=\"_ _0\"></span>riscono agli intere<span class=\"_ _0\"></span>ssi attivi matur<span class=\"_ _0\"></span>ati nel corso dell\u2019e<span class=\"_ _0\"></span>sercizio in </span>relazione ai BOT detenuti in<span class=\"_ _0\"></span> portafoglio dal Gruppo <span class=\"ls11 ws5\">Anima.<span class=\"ls1 ws1\"> </span></span>La so<span class=\"_ _0\"></span>ttovoc<span class=\"_ _0\"></span>e \u201c3.1 Cr<span class=\"_ _0\"></span>editi ve<span class=\"_ _0\"></span>rso banch<span class=\"_ _0\"></span>e <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws0\">Depositi e conti correnti\u201d s<span class=\"_ _0\"></span>i riferisce agli interessi attivi </span></span>generati dalla liqu<span class=\"_ _0\"></span>idit\u00e0 inve<span class=\"_ _0\"></span>stita attraverso<span class=\"_ _0\"></span> la sottoscrizione dei <span class=\"ff5 ls3a wsca\">ti<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t<span class=\"ff1 ls35 wsb3\">, mentr<span class=\"_ _0\"></span>e nel<span class=\"_ _0\"></span>la </span></span>sottovoce<span class=\"_ _0\"></span> \u201c7 Altro: Cassa e disponibilit\u00e0<span class=\"_ _0\"></span> liquide <span class=\"ls1 ws1\">- <span class=\"lsf ws1f\">Depos<span class=\"_ _1\"></span>iti e co<span class=\"_ _1\"></span>nti corr<span class=\"_ _1c\"></span>enti\u201d trov<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span> esposi<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne </span></span>gli interess<span class=\"_ _0\"></span>i attivi generati dalla liquidit\u00e0 del Gruppo Anima depositata presso conti correnti bancari e postali.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-680": {
   "value": "3<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>g<span class=\"_ _0\"></span>li \u201c<span class=\"_ _0\"></span>In<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>re<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>i at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> p<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span><table class=\"s w9a6 h494\" id=\"_4a14a070-2abc-4308-b1ba-d1b62b04e795\"><tr><td></td><td></td><td></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x60 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws553\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e x5 h21c y1f0c ff2 fs59 fc0 sc0 ls29d ws555\">Altre<span class=\"_ _0\"></span> </div></td><td></td><td></td></tr><tr><td class=\"c x212 y3786 w9a7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29c ws552\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb48 y3786 w9a8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29d ws553\">Titoli di d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>ito<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb49 y3786 w9a9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls29e ws554\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb46 y3784 w18a h21d\"><div class=\"t m4e x69 h21c y1f0d ff2 fs59 fc0 sc0 ls29f ws552\">correnti</div></td><td class=\"c xb47 y3784 w18b h21d\"><div class=\"t m4e xf7 h21c y1f0d ff2 fs59 fc0 sc0 ls2a0 ws556\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4a y3786 w9aa h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4b y3786 w9ab h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws557\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3787 w9ac h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e xb4c h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">1. Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al fair value con<span class=\"_ _4ac\"> </span></div></td><td class=\"c x993 y3788 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y3788 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y3788 w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y3789 w18c h21d\"><div class=\"t m4e x24 h21c y1f12 ff1 fs59 fc0 sc0 ls29f ws55a\">impatto a c<span class=\"_ _0\"></span>onto economic<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f15 ff1 fs59 fc0 sc0 ls2a3 ws559\">1.3<span class=\"_ _1\"></span> Altre attivit\u00e0 finanziarie ob<span class=\"_ _1\"></span>bligatoriamente </div></td><td class=\"c x993 y378b w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4d y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4e y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb4f y378b w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb50 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">244<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb51 y378b w9af h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">809<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb52 y378a w18c h21d\"><div class=\"t m4e x24 h21c y1f16 ff1 fs59 fc0 sc0 ls2a3 ws559\">valutate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y378d w9b0 h493\"><div class=\"t m4e x1fa h21c y378c ff1 fs59 fc0 sc0 ls2a2 ws558\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Attivit\u00e0 finanziarie valutate<span class=\"_ _1\"></span> al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizzato<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb53 y378d w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb54 y378d w9b2 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb55 y378d w9b3 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.<span class=\"_ _0\"></span>524<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb56 y378d w9b4 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.<span class=\"_ _0\"></span>618<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378e w9b5 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.1<span class=\"_ _1\"></span> Crediti verso banche<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb58 y378e w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb59 y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">1.517<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5a y378e w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">8.607<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y378f w9b7 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">3.3<span class=\"_ _1\"></span> Crediti verso c<span class=\"_ _0\"></span>lientela<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb5b y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5c y378f w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls1 ws1\">7<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb5d y378f w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">11<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3790 w9b9 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altre attivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5e y3790 w9ae h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb5f y3790 w9ba h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb60 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">41<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb61 y3790 w9bb h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">29<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3791 w9bc h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">7.<span class=\"_ _4ac\"> </span></div><div class=\"t m4e x954 h21c y3785 ff1 fs59 fc0 sc0 ls2a3 ws559\">Altro: Cas<span class=\"_ _0\"></span>sa e disponibilit\u00e0 liquide<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb62 y3791 w9b6 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb63 y3791 w9b1 h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">9.675<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb64 y3791 w9bd h45c\"><div class=\"t m4e x1fa h21c y3785 ff1 fs59 fc0 sc0 ls2a2 ws558\">10.984<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb65 y3792 w9be h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a0 ws556\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb66 y3792 w9ad h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">244<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb67 y3792 w9bf h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.<span class=\"_ _0\"></span>192<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb68 y3792 w9b8 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">48<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb69 y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">11.484<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb6a y3792 w9c0 h45c\"><div class=\"t m4e x1fa h21c y3785 ff2 fs59 fc0 sc0 ls2a1 ws55b\">20.440<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3793 w189 h21b\"><div class=\"t m4e x5 h21f y1f26 ff5 fs59 fc0 sc0 ls2a4 ws55c\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>i att<span class=\"_ _0\"></span>ivi s<span class=\"_ _13\"></span>u att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0 f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ziarie<span class=\"_ _0\"></span> im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Gli importi iscritt<span class=\"_ _0\"></span>i nella sottovoce \u201c1.3 Altre attivit\u00e0 finanziarie obbligatoriam<span class=\"_ _0\"></span>ente valutate al fair value <span class=\"_ _17\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _17\"> </span></span><span class=\"wsaf\">T<span class=\"_ _0\"></span>itoli di debito\u201d si rife<span class=\"_ _0\"></span>riscono agli intere<span class=\"_ _0\"></span>ssi attivi matur<span class=\"_ _0\"></span>ati nel corso dell\u2019e<span class=\"_ _0\"></span>sercizio in </span>relazione ai BOT detenuti in<span class=\"_ _0\"></span> portafoglio dal Gruppo <span class=\"ls11 ws5\">Anima.<span class=\"ls1 ws1\"> </span></span>La so<span class=\"_ _0\"></span>ttovoc<span class=\"_ _0\"></span>e \u201c3.1 Cr<span class=\"_ _0\"></span>editi ve<span class=\"_ _0\"></span>rso banch<span class=\"_ _0\"></span>e <span class=\"ls1 ws1\">\u2013 <span class=\"ls0 ws0\">Depositi e conti correnti\u201d s<span class=\"_ _0\"></span>i riferisce agli interessi attivi </span></span>generati dalla liqu<span class=\"_ _0\"></span>idit\u00e0 inve<span class=\"_ _0\"></span>stita attraverso<span class=\"_ _0\"></span> la sottoscrizione dei <span class=\"ff5 ls3a wsca\">ti<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t<span class=\"ff1 ls35 wsb3\">, mentr<span class=\"_ _0\"></span>e nel<span class=\"_ _0\"></span>la </span></span>sottovoce<span class=\"_ _0\"></span> \u201c7 Altro: Cassa e disponibilit\u00e0<span class=\"_ _0\"></span> liquide <span class=\"ls1 ws1\">- <span class=\"lsf ws1f\">Depos<span class=\"_ _1\"></span>iti e co<span class=\"_ _1\"></span>nti corr<span class=\"_ _1c\"></span>enti\u201d trov<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span> esposi<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne </span></span>gli interess<span class=\"_ _0\"></span>i attivi generati dalla liquidit\u00e0 del Gruppo Anima depositata presso conti correnti bancari e postali.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-35": {
   "value": "3.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls2 ws4\">C<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>li \u201cI<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>re<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>ri as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span></span></span><table class=\"s w983 h492\" id=\"_625d3ea4-20ea-4329-a164-9feed3e0232d\"><tr><td></td><td></td><td></td><td></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x24 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws561\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f x26 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws560\">Altre<span class=\"_ _0\"></span> </div></td><td class=\"c xb25 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb26 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3777 w985 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a5 ws55d\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb27 y3777 w986 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a6 ws55e\">Finanzi<span class=\"_ _0\"></span>ament<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb28 y3777 w987 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a7 ws55f\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb29 y3777 w988 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a8 ws560\">T<span class=\"_ _0\"></span>itoli<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x5 h221 y1f2b ff2 fs5a fc0 sc0 ls2a9 ws55d\">correnti</div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f xf7 h221 y1f2b ff2 fs5a fc0 sc0 ls2aa ws562\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3778 w989 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> valutate al cos<span class=\"_ _0\"></span>to ammortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2b y3778 w98a h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2c y3778 w98b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2d y3778 w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb2e y3778 w98d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2f y3778 w98e h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.423)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb30 y3778 w98f h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y3779 w990 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws567\">1.1 D<span class=\"_ _0\"></span>ebit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb32 y3779 w991 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb33 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb34 y3779 w993 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(1.878)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb35 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.577)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y377a w994 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">1.2<span class=\"_ _1\"></span> Titoli in circ<span class=\"_ _0\"></span>olazione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb36 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb37 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb38 y377a w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.539)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y377b w996 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> di negoziaz<span class=\"_ _1\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377d w997 h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> designate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377e w998 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Altre pass<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb39 y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3a y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y377f w99a h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Derivati di copertura<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3780 w18d h220\"><div class=\"t m4f x24 h221 y1f3d ff1 fs5a fc0 sc0 ls2ac ws564\">6.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Attivit\u00e0 finanziarie<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3781 w99b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">7.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Altro: Cass<span class=\"_ _0\"></span>a e disponibilit\u00e0 liquid<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c xb3b y3781 w99c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(4)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3c y3781 w99d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>4)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xb31 y3782 w99e h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2aa ws562\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3d y3782 w99f h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3e y3782 w9a0 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3f y3782 w9a1 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(4)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb40 y3782 w9a2 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(1.<span class=\"_ _0\"></span>076)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb41 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>468)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb42 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y345e w9a4 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2ae ws569\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i pas<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>ivi r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lativ<span class=\"_ _0\"></span>i ai de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>iti pe<span class=\"_ _13\"></span>r le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb43 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb44 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb45 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(750)<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">- <span class=\"_ _11\"></span></span>Finanziamenti\u201d sono e<span class=\"_ _0\"></span>videnziati gli interessi pas<span class=\"_ _0\"></span>sivi maturati nel corso dell\u2019es<span class=\"_ _0\"></span>ercizio in esame in re<span class=\"_ _0\"></span>lazione ai debiti per leasing,<span class=\"_ _0\"></span> iscritti in all\u2019applicaz<span class=\"_ _0\"></span>ione del princi<span class=\"_ _1\"></span>pio<span class=\"_ _1\"></span> contab<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>IFRS 1<span class=\"_ _1\"></span>6, pe<span class=\"_ _1\"></span>r un imp<span class=\"_ _1c\"></span>orto di<span class=\"_ _1\"></span> circa<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>0,<span class=\"ls0 ws15\">8 milioni.<span class=\"ls1 ws1\"> </span></span>Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">\u2013 <span class=\"_ _11\"></span></span>Altre operaz<span class=\"_ _0\"></span>ioni\u201d sono evidenziati gli inte<span class=\"_ _0\"></span>ressi di attualizza<span class=\"_ _0\"></span>zione delle passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie rile<span class=\"_ _0\"></span>vate a seguito dei contratt<span class=\"_ _0\"></span>i sottoscritti con r<span class=\"_ _0\"></span>iferimento a Castello SGR e <span class=\"_ _1\"></span>Vita <span class=\"_ _1\"></span>Srl, pe<span class=\"_ _1c\"></span>r un va<span class=\"_ _1\"></span>lore c<span class=\"_ _1\"></span>omples<span class=\"_ _1\"></span>sivo d<span class=\"_ _1\"></span>i cir<span class=\"_ _1\"></span>ca E<span class=\"_ _1\"></span>uro 1<span class=\"ls0 ws15\">,1 milione.<span class=\"ls1 ws1\"> </span></span>Nella sottovoce \u201c1.2 Titoli in circo<span class=\"_ _0\"></span>lazione <span class=\"ls1 ws1\">\u2013  </span>Tito<span class=\"_ _0\"></span>li\u201d sono rappresentati gli interessi passivi determin<span class=\"_ _0\"></span>ati con il metodo del costo ammortizzato<span class=\"_ _0\"></span> (sulla base del tasso di interes<span class=\"_ _0\"></span>se effettivo) e maturat<span class=\"_ _0\"></span>i nel corso dell\u2019esercizio sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2026 per circ<span class=\"_ _0\"></span>a Euro 5,5 milioni e sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2028 per circa Euro 5 milio<span class=\"_ _0\"></span>ni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-679": {
   "value": "3.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls2 ws4\">C<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>li \u201cI<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>re<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>ri as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span></span></span><table class=\"s w983 h492\" id=\"_625d3ea4-20ea-4329-a164-9feed3e0232d\"><tr><td></td><td></td><td></td><td></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x24 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws561\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f x26 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws560\">Altre<span class=\"_ _0\"></span> </div></td><td class=\"c xb25 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb26 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3777 w985 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a5 ws55d\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb27 y3777 w986 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a6 ws55e\">Finanzi<span class=\"_ _0\"></span>ament<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb28 y3777 w987 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a7 ws55f\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb29 y3777 w988 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a8 ws560\">T<span class=\"_ _0\"></span>itoli<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x5 h221 y1f2b ff2 fs5a fc0 sc0 ls2a9 ws55d\">correnti</div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f xf7 h221 y1f2b ff2 fs5a fc0 sc0 ls2aa ws562\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3778 w989 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> valutate al cos<span class=\"_ _0\"></span>to ammortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2b y3778 w98a h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2c y3778 w98b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2d y3778 w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb2e y3778 w98d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2f y3778 w98e h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.423)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb30 y3778 w98f h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y3779 w990 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws567\">1.1 D<span class=\"_ _0\"></span>ebit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb32 y3779 w991 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb33 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb34 y3779 w993 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(1.878)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb35 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.577)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y377a w994 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">1.2<span class=\"_ _1\"></span> Titoli in circ<span class=\"_ _0\"></span>olazione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb36 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb37 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb38 y377a w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.539)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y377b w996 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> di negoziaz<span class=\"_ _1\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377d w997 h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> designate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377e w998 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Altre pass<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb39 y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3a y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y377f w99a h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Derivati di copertura<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3780 w18d h220\"><div class=\"t m4f x24 h221 y1f3d ff1 fs5a fc0 sc0 ls2ac ws564\">6.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Attivit\u00e0 finanziarie<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3781 w99b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">7.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Altro: Cass<span class=\"_ _0\"></span>a e disponibilit\u00e0 liquid<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c xb3b y3781 w99c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(4)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3c y3781 w99d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>4)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xb31 y3782 w99e h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2aa ws562\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3d y3782 w99f h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3e y3782 w9a0 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3f y3782 w9a1 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(4)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb40 y3782 w9a2 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(1.<span class=\"_ _0\"></span>076)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb41 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>468)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb42 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y345e w9a4 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2ae ws569\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i pas<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>ivi r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lativ<span class=\"_ _0\"></span>i ai de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>iti pe<span class=\"_ _13\"></span>r le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb43 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb44 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb45 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(750)<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">- <span class=\"_ _11\"></span></span>Finanziamenti\u201d sono e<span class=\"_ _0\"></span>videnziati gli interessi pas<span class=\"_ _0\"></span>sivi maturati nel corso dell\u2019es<span class=\"_ _0\"></span>ercizio in esame in re<span class=\"_ _0\"></span>lazione ai debiti per leasing,<span class=\"_ _0\"></span> iscritti in all\u2019applicaz<span class=\"_ _0\"></span>ione del princi<span class=\"_ _1\"></span>pio<span class=\"_ _1\"></span> contab<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>IFRS 1<span class=\"_ _1\"></span>6, pe<span class=\"_ _1\"></span>r un imp<span class=\"_ _1c\"></span>orto di<span class=\"_ _1\"></span> circa<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>0,<span class=\"ls0 ws15\">8 milioni.<span class=\"ls1 ws1\"> </span></span>Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">\u2013 <span class=\"_ _11\"></span></span>Altre operaz<span class=\"_ _0\"></span>ioni\u201d sono evidenziati gli inte<span class=\"_ _0\"></span>ressi di attualizza<span class=\"_ _0\"></span>zione delle passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie rile<span class=\"_ _0\"></span>vate a seguito dei contratt<span class=\"_ _0\"></span>i sottoscritti con r<span class=\"_ _0\"></span>iferimento a Castello SGR e <span class=\"_ _1\"></span>Vita <span class=\"_ _1\"></span>Srl, pe<span class=\"_ _1c\"></span>r un va<span class=\"_ _1\"></span>lore c<span class=\"_ _1\"></span>omples<span class=\"_ _1\"></span>sivo d<span class=\"_ _1\"></span>i cir<span class=\"_ _1\"></span>ca E<span class=\"_ _1\"></span>uro 1<span class=\"ls0 ws15\">,1 milione.<span class=\"ls1 ws1\"> </span></span>Nella sottovoce \u201c1.2 Titoli in circo<span class=\"_ _0\"></span>lazione <span class=\"ls1 ws1\">\u2013  </span>Tito<span class=\"_ _0\"></span>li\u201d sono rappresentati gli interessi passivi determin<span class=\"_ _0\"></span>ati con il metodo del costo ammortizzato<span class=\"_ _0\"></span> (sulla base del tasso di interes<span class=\"_ _0\"></span>se effettivo) e maturat<span class=\"_ _0\"></span>i nel corso dell\u2019esercizio sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2026 per circ<span class=\"_ _0\"></span>a Euro 5,5 milioni e sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2028 per circa Euro 5 milio<span class=\"_ _0\"></span>ni.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-711": {
   "value": "3.2<span class=\"ff29 ls1 ws1\"> <span class=\"_ _b\"></span><span class=\"ff5 ls2 ws4\">C<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>li \u201cI<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>te<span class=\"_ _11\"></span>re<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i p<span class=\"_ _13\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>ri as<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>ilat<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> </span></span></span><table class=\"s w983 h492\" id=\"_625d3ea4-20ea-4329-a164-9feed3e0232d\"><tr><td></td><td></td><td></td><td></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x24 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws561\">Dep<span class=\"_ _0\"></span>ositi e conti </div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f x26 h221 y1f2a ff2 fs5a fc0 sc0 ls2a8 ws560\">Altre<span class=\"_ _0\"></span> </div></td><td class=\"c xb25 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">T<span class=\"_ _0\"></span>ota<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb26 y3776 w984 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws563\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3777 w985 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a5 ws55d\">Voci/Form<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>cniche<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb27 y3777 w986 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a6 ws55e\">Finanzi<span class=\"_ _0\"></span>ament<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb28 y3777 w987 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a7 ws55f\">PCT<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb29 y3777 w988 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2a8 ws560\">T<span class=\"_ _0\"></span>itoli<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb23 y3775 w18e h222\"><div class=\"t m4f x5 h221 y1f2b ff2 fs5a fc0 sc0 ls2a9 ws55d\">correnti</div></td><td class=\"c xb24 y3775 w18f h222\"><div class=\"t m4f xf7 h221 y1f2b ff2 fs5a fc0 sc0 ls2aa ws562\">ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3778 w989 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> valutate al cos<span class=\"_ _0\"></span>to ammortizzato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2b y3778 w98a h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2c y3778 w98b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2d y3778 w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb2e y3778 w98d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb2f y3778 w98e h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.423)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb30 y3778 w98f h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y3779 w990 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws567\">1.1 D<span class=\"_ _0\"></span>ebit<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb32 y3779 w991 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xb33 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.036)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb34 y3779 w993 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(1.878)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb35 y3779 w992 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>1.577)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y377a w994 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">1.2<span class=\"_ _1\"></span> Titoli in circ<span class=\"_ _0\"></span>olazione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb36 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xb37 y377a w995 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb38 y377a w98c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>10.539)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y377b w996 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> di negoziaz<span class=\"_ _1\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377d w997 h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Pass<span class=\"_ _0\"></span>ivit\u00e0 finanziarie<span class=\"_ _1\"></span> designate al fair value<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y377e w998 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Altre pass<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb39 y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3a y377e w999 h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(41)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y377f w99a h493\"><div class=\"t m4f x1fa h221 y377c ff1 fs5a fc0 sc0 ls2ac ws564\">5.<span class=\"_ _4ac\"> </span></div><div class=\"t m4f xb2a h221 y3584 ff1 fs5a fc0 sc0 ls2ad ws565\">Derivati di copertura<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3780 w18d h220\"><div class=\"t m4f x24 h221 y1f3d ff1 fs5a fc0 sc0 ls2ac ws564\">6.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Attivit\u00e0 finanziarie<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3781 w99b h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">7.<span class=\"_ _b9\"> </span><span class=\"ls2ad ws565\">Altro: Cass<span class=\"_ _0\"></span>a e disponibilit\u00e0 liquid<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c xb3b y3781 w99c h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(4)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3c y3781 w99d h45c\"><div class=\"t m4f x1fa h221 y3584 ff1 fs5a fc0 sc0 ls2ac ws564\">(<span class=\"_ _0\"></span>4)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xb31 y3782 w99e h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2aa ws562\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3d y3782 w99f h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xb3e y3782 w9a0 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>10.546)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb3f y3782 w9a1 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(4)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb40 y3782 w9a2 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(1.<span class=\"_ _0\"></span>076)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb41 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>468)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb42 y3782 w9a3 h45c\"><div class=\"t m4f x1fa h221 y3584 ff2 fs5a fc0 sc0 ls2ab ws568\">(<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>116)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb31 y345e w9a4 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2ae ws569\">di c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i: int<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>i pas<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>ivi r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>lativ<span class=\"_ _0\"></span>i ai de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>iti pe<span class=\"_ _13\"></span>r le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb43 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c xb44 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(842)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xb45 y345e w9a5 h423\"><div class=\"t m4f x1fa h225 y3783 ff5 fs5a fc0 sc0 ls2af ws56a\">(750)<span class=\"_ _4ac\"> </span></div></td></tr></table>Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">- <span class=\"_ _11\"></span></span>Finanziamenti\u201d sono e<span class=\"_ _0\"></span>videnziati gli interessi pas<span class=\"_ _0\"></span>sivi maturati nel corso dell\u2019es<span class=\"_ _0\"></span>ercizio in esame in re<span class=\"_ _0\"></span>lazione ai debiti per leasing,<span class=\"_ _0\"></span> iscritti in all\u2019applicaz<span class=\"_ _0\"></span>ione del princi<span class=\"_ _1\"></span>pio<span class=\"_ _1\"></span> contab<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>IFRS 1<span class=\"_ _1\"></span>6, pe<span class=\"_ _1\"></span>r un imp<span class=\"_ _1c\"></span>orto di<span class=\"_ _1\"></span> circa<span class=\"_ _1\"></span> Euro <span class=\"_ _1\"></span>0,<span class=\"ls0 ws15\">8 milioni.<span class=\"ls1 ws1\"> </span></span>Nella sotto<span class=\"_ _0\"></span>voce \u201c1.1 Debiti <span class=\"ls1 ws1\">\u2013 <span class=\"_ _11\"></span></span>Altre operaz<span class=\"_ _0\"></span>ioni\u201d sono evidenziati gli inte<span class=\"_ _0\"></span>ressi di attualizza<span class=\"_ _0\"></span>zione delle passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie rile<span class=\"_ _0\"></span>vate a seguito dei contratt<span class=\"_ _0\"></span>i sottoscritti con r<span class=\"_ _0\"></span>iferimento a Castello SGR e <span class=\"_ _1\"></span>Vita <span class=\"_ _1\"></span>Srl, pe<span class=\"_ _1c\"></span>r un va<span class=\"_ _1\"></span>lore c<span class=\"_ _1\"></span>omples<span class=\"_ _1\"></span>sivo d<span class=\"_ _1\"></span>i cir<span class=\"_ _1\"></span>ca E<span class=\"_ _1\"></span>uro 1<span class=\"ls0 ws15\">,1 milione.<span class=\"ls1 ws1\"> </span></span>Nella sottovoce \u201c1.2 Titoli in circo<span class=\"_ _0\"></span>lazione <span class=\"ls1 ws1\">\u2013  </span>Tito<span class=\"_ _0\"></span>li\u201d sono rappresentati gli interessi passivi determin<span class=\"_ _0\"></span>ati con il metodo del costo ammortizzato<span class=\"_ _0\"></span> (sulla base del tasso di interes<span class=\"_ _0\"></span>se effettivo) e maturat<span class=\"_ _0\"></span>i nel corso dell\u2019esercizio sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2026 per circ<span class=\"_ _0\"></span>a Euro 5,5 milioni e sul Prestito<span class=\"_ _0\"></span> Obbligazionario 2028 per circa Euro 5 milio<span class=\"_ _0\"></span>ni.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-634": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs84a\">Sezione 9 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Spe<span class=\"_ _0\"></span>se ammin<span class=\"_ _0\"></span>istrati<span class=\"_ _0\"></span>ve </span>\u2013 </span>Voce 140<span class=\"ff1 fs0 ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs84b\">9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> S<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> il p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>rs<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs84c\"><table class=\"s w9fc h499\" id=\"_7a2fb9e3-8152-423f-acbf-a091cc212887\"><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fa5 ff2 fs5e fc0 sc0 ls2c9 ws58d\">Voci<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb3 y37b4 w9fd h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb4 y37b4 w9fd h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37b5 w9fe h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">1.<span class=\"_ _14\"> </span><span class=\"ls2cb ws590\">P<span class=\"_ _0\"></span>erso<span class=\"_ _1c\"></span>nale dipen<span class=\"_ _1\"></span>dente<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbb5 y37b5 w9ff h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(100.<span class=\"_ _0\"></span>235)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb6 y37b5 wa00 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>121.<span class=\"_ _0\"></span>541)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b6 wa01 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">a) s<span class=\"_ _0\"></span>alari e stipend<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb7 y37b6 wa02 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(69.<span class=\"_ _0\"></span>980)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb8 y37b6 wa02 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(59.<span class=\"_ _0\"></span>166)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b7 wa03 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">b) oneri sociali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb9 y37b7 wa04 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(15.289)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbba y37b7 wa05 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>13.630)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fab ff1 fs5e fc0 sc0 ls2cc ws592\">c)<span class=\"_ _0\"></span> inde<span class=\"_ _1\"></span>nnit\u00e0 di fine<span class=\"_ _1\"></span> rapporto<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37b8 wa06 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2ce ws594\">d) s<span class=\"_ _0\"></span>pes<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>evidenzia<span class=\"_ _0\"></span>li<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbb y37b8 wa07 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>1.404)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbc y37b8 wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>1.406)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b9 wa09 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">e) acc<span class=\"_ _0\"></span>antonamento al trattamento d<span class=\"_ _1\"></span>i fine rappor<span class=\"_ _1\"></span>to del per<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>onale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbd y37b9 wa0a h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>966)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbe y37b9 wa0b h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>412)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37ba wa0c h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">f) ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>antonamento al fond<span class=\"_ _1\"></span>o trattamento di qu<span class=\"_ _1\"></span>iesc<span class=\"_ _0\"></span>enza e o<span class=\"_ _1\"></span>bblighi sim<span class=\"_ _0\"></span>ili:<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbf y37ba wa0d h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc0 y37ba wa0d h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1faf ff1 fs5e fc0 sc0 ls2cc ws592\">- a contribu<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> definita<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fb0 ff1 fs5e fc0 sc0 ls2cc ws592\">- a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37bb wa0e h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">g) versam<span class=\"_ _0\"></span>enti ai fondi di p<span class=\"_ _1\"></span>reviden<span class=\"_ _1\"></span>za com<span class=\"_ _0\"></span>plementare<span class=\"_ _1\"></span> esterni:<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc1 y37bb wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.307)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc2 y37bb wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(4.<span class=\"_ _0\"></span>309)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37bc wa0f h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">- a contribu<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> definita<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc3 y37bc wa07 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.307)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc4 y37bc wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.309)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fb3 ff1 fs5e fc0 sc0 ls2cc ws592\">- a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37bd wa10 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">h) altri be<span class=\"_ _1\"></span>nefic<span class=\"_ _0\"></span>i a favore dei d<span class=\"_ _1\"></span>ipend<span class=\"_ _1\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc5 y37bd wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>8.289)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc6 y37bd wa04 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(42.618)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37be wa11 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">2.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Altro pe<span class=\"_ _0\"></span>rsonale in at<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbc7 y37be wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>532)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc8 y37be wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>433)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37bf wa13 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">3.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Amm<span class=\"_ _0\"></span>inist<span class=\"_ _0\"></span>ratori e S<span class=\"_ _0\"></span>indaci<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbc9 y37bf wa14 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(4.<span class=\"_ _0\"></span>813)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbca y37bf wa15 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>836)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x24 h237 y1fb7 ff2 fs5e fc0 sc0 ls2ca ws58f\">4.<span class=\"_ _14\"> </span><span class=\"ls2c9 ws596\">P<span class=\"_ _13\"></span>er<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>olloc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o a r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y37c0 wa16 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">5.<span class=\"_ _0\"></span>  <span class=\"ls2d0 ws597\">R<span class=\"_ _1c\"></span>ecu<span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>i di<span class=\"_ _1\"></span> spes<span class=\"_ _1\"></span>a per<span class=\"_ _1c\"></span> dipende<span class=\"_ _1\"></span>nti<span class=\"_ _1c\"></span> dista<span class=\"_ _1\"></span>cc<span class=\"_ _1c\"></span>ati<span class=\"_ _1\"></span> pres<span class=\"_ _1\"></span>so<span class=\"_ _1c\"></span> altr<span class=\"_ _1c\"></span>e azi<span class=\"_ _1\"></span>ende<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbcb y37c0 wa17 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">64<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbcc y37c0 wa18 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">123<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c1 wa19 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">6.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Rimborsi d<span class=\"_ _0\"></span>i sp<span class=\"_ _0\"></span>esa p<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i dis<span class=\"_ _0\"></span>taccati p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sso la societ\u00e0<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbcd y37c1 wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>407)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xb57 y345e wa1a h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2c9 ws58d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbce y345e wa1b h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>105.<span class=\"_ _0\"></span>923)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbcf y345e wa00 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>127.<span class=\"_ _0\"></span>687)<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs84e\">La voce \u201cS<span class=\"_ _0\"></span>pese per il person<span class=\"_ _0\"></span>ale\u201d evidenzia un saldo di Eu<span class=\"_ _0\"></span>ro 105,9 milioni (Eur<span class=\"_ _0\"></span>o 127,7 milion<span class=\"_ _0\"></span>i al </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws87 gs84f\">31 dic<span class=\"_ _1\"></span>embr<span class=\"_ _1\"></span>e 2024) <span class=\"_ _1c\"></span>e comprend<span class=\"_ _1c\"></span>e principa<span class=\"_ _1\"></span>lmen<span class=\"_ _1\"></span>te (i) c<span class=\"_ _1\"></span>osti co<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>ples<span class=\"_ _1c\"></span>sivi rif<span class=\"_ _1\"></span>eriti al<span class=\"_ _1\"></span> pers<span class=\"_ _1\"></span>onale<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs850\">dipendente, agli Amminist<span class=\"_ _0\"></span>ratori ed al Collegio Sindacale per circa Eur<span class=\"ws7e\">o 73,4 milio<span class=\"_ _0\"></span>ni e (ii) <span class=\"_ _0\"></span>i costi </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws117 gs851\">rifer<span class=\"_ _0\"></span>iti alla componente di <span class=\"_ _1\"></span>remunerazion<span class=\"_ _0\"></span>e variabile del personale dipendente e degli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1e3 gs852\">Ammi<span class=\"_ _1\"></span>nistra<span class=\"_ _1c\"></span>tori per<span class=\"_ _1\"></span> circ<span class=\"_ _1c\"></span>a Euro <span class=\"_ _1\"></span>32,5 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1c\"></span> Si ric<span class=\"_ _1\"></span>orda <span class=\"_ _1\"></span>che n<span class=\"_ _1c\"></span>ella sot<span class=\"_ _1\"></span>tovoc<span class=\"_ _1c\"></span>e \u201ch) al<span class=\"_ _1\"></span>tri b<span class=\"_ _1\"></span>enefi<span class=\"_ _1\"></span>ci a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws95 gs853\">favor<span class=\"_ _1\"></span>e dei di<span class=\"_ _1\"></span>penden<span class=\"_ _1\"></span>ti\u201d, a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbre 2<span class=\"_ _1\"></span>024, e<span class=\"ls0 ws5f\">rano contabilizzati, tr<span class=\"_ _0\"></span>a l\u2019altro, i cost<span class=\"_ _0\"></span>i riferiti ai piani </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d wsbe gs854\">LTI<span class=\"_ _0\"></span>P 21<span class=\"ls1 ws1\">-<span class=\"ls1c wsf9\">23 e LTIP 24</span>-<span class=\"ls30 wsc8\">2<span class=\"_ _1\"></span>6, per <span class=\"_ _1\"></span>un imp<span class=\"_ _1\"></span>orto di<span class=\"_ _1\"></span> circ<span class=\"_ _1\"></span>a Eur<span class=\"_ _1\"></span>o 36 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1\"></span>, ris<span class=\"_ _1\"></span>petto ai<span class=\"_ _1\"></span> qual<span class=\"_ _1\"></span>i non s<span class=\"_ _1\"></span>ono<span class=\"_ _1c\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs855\">presenti co<span class=\"_ _0\"></span>sti nell\u2019esercizio corr<span class=\"_ _0\"></span>ente (si rimanda pe<span class=\"_ _0\"></span>r maggiori dettagli alla Not<span class=\"_ _0\"></span>a inte<span class=\"_ _0\"></span>grativa </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs856\">Consolid<span class=\"ls11 ws116\">ata \u201cParte A <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">Polit<span class=\"_ _0\"></span>iche Contabili <span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">A.2 Parte<span class=\"_ _0\"></span> relativa alle principali voci di bilancio <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls1d ws2b\">A<span class=\"_ _0\"></span>ltre </span></span></span></span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs857\">informazioni <span class=\"ls1 ws1\">\u2013 </span><span class=\"ws0\">Long Term<span class=\"_ _0\"></span> Incentive Plan \u201cLTIP\u201d\u201d del B<span class=\"_ _0\"></span>ilancio Consolidato al 31 dicem<span class=\"_ _0\"></span>bre 2024).<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs858\">9<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> N<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>e<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span> m<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>d<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>i d<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>ti r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>ate<span class=\"_ _11\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ia<span class=\"ls1 ws1\"> </span></div><div class=\"gs859\"><table class=\"s wa30 h49c\" id=\"_d696fa91-fd17-46a6-ab3a-9909554ce6ba\"><tr><td></td><td class=\"c xbe6 y37c9 wa31 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws598\">N.<span class=\"_ _5d\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>io<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe7 y37c9 wa32 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws598\">N.<span class=\"_ _5d\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c xbe8 y37ca wa33 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe9 y37ca wa33 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37cb wa34 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d3 ws59a\">P<span class=\"_ _4ac\"> </span></div><div class=\"t m54 xbea h23b y367e ff2 fs5f fc0 sc0 ls2d3 ws59a\">erso<span class=\"_ _1c\"></span>nal<span class=\"_ _1\"></span>e dipendente<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y37cc wa35 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">a) dirigenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbeb y37cc wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">123<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbec y37cc wa37 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">98<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37cd wa38 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">b)<span class=\"_ _4ac\"> </span></div><div class=\"t m54 x954 h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">a<span class=\"_ _4ac\"> </span></div><div class=\"t m54 x9ba h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">ltro per<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>onale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbed y37cd wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">431<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbee y37cd wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">395<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ce wa39 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws59d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbef y37ce wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">554<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf0 y37ce wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">493<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff5 fs5 fc0 sc0 ls29 ws4e gs85a\">9<span class=\"_ _1c\"></span>.<span class=\"_ _1c\"></span>3<span class=\"_ _1\"></span> Co<span class=\"_ _1c\"></span>mp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>si<span class=\"_ _d\"></span>z<span class=\"_ _1c\"></span>i<span class=\"_ _1c\"></span>on<span class=\"_ _1c\"></span>e del<span class=\"_ _d\"></span>l<span class=\"_ _d\"></span>e \u201c<span class=\"_ _1c\"></span>Al<span class=\"_ _1c\"></span>t<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>e sp<span class=\"_ _1\"></span>ese a<span class=\"_ _7\"></span>mmi<span class=\"_ _1c\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>st<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>a<span class=\"_ _1c\"></span>t<span class=\"_ _1c\"></span>i<span class=\"_ _d\"></span>ve<span class=\"ff1 ls1 ws1\">\u201d </span></div><div class=\"gs85b\"><table class=\"s wa1c h49b\" id=\"_35774f5e-da26-4807-8dcd-7011f0215837\"><tr><td></td><td class=\"c xbd1 y37c2 wa1d h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd2 y37c2 wa1d h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c3 wa1e h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">Voci<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd3 y37c3 wa1f h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd4 y37c3 wa1f h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c4 wa20 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d8 ws5a0\">C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>enze<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd5 y37c4 wa21 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>11.193)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd6 y37c4 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.244)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c5 wa23 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Locazione<span class=\"_ _1\"></span> im<span class=\"_ _0\"></span>mobili e oneri gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd7 y37c5 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>2.292)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd8 y37c5 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(2.<span class=\"_ _0\"></span>161)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c6 wa24 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Servizi d<span class=\"_ _1\"></span>i outsourc<span class=\"_ _0\"></span>ing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd9 y37c6 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>8.166)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbda y37c6 wa25 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(7.908)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c7 wa26 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Spese di marketin<span class=\"_ _1\"></span>g e c<span class=\"_ _0\"></span>omunicazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdb y37c7 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.455)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdc y37c7 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.351)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c8 wa27 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2db ws5a3\">Cos<span class=\"_ _0\"></span>to per I<span class=\"_ _0\"></span>nfoprovider<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdd y37c8 wa28 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(13.304)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbde y37c8 wa29 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(12.<span class=\"_ _0\"></span>151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d0 wa2a h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Cos<span class=\"_ _0\"></span>ti per telefonia e<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>temi inform<span class=\"_ _0\"></span>atici<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdf y36d0 wa2b h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>10.836)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe0 y36d0 wa2c h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>9.230)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d2 wa2d h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Altri c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ti di funz<span class=\"_ _1\"></span>ionamento<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe1 y36d2 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.870)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe2 y36d2 wa25 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(6.894)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wa1d h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe3 y345e wa2e h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">(<span class=\"_ _0\"></span>61.<span class=\"_ _0\"></span>117)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe4 y345e wa2f h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">(<span class=\"_ _0\"></span>52.<span class=\"_ _0\"></span>938)<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs85c\">La voce \u201cAltre spese amministr<span class=\"_ _0\"></span>ative\u201d evidenzia un saldo di circa Euro 61,1 milioni (Euro 52,9 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs85d\">milioni al 31<span class=\"_ _0\"></span> dicembre 2024); l\u2019incremento<span class=\"_ _0\"></span> \u00e8 da attribuirsi pr<span class=\"_ _0\"></span>incipalmente a maggior<span class=\"_ _0\"></span>i (i) <span class=\"ls3f ws15b\">cost<span class=\"_ _0\"></span>i per<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws107 gs85e\">cons<span class=\"_ _1\"></span>ulenz<span class=\"_ _1c\"></span>e, preva<span class=\"_ _1\"></span>lent<span class=\"_ _1\"></span>emen<span class=\"_ _1c\"></span>te di natu<span class=\"_ _1\"></span>ra st<span class=\"_ _1\"></span>raor<span class=\"_ _1\"></span>dinari<span class=\"_ _1\"></span>a,<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws99\">per circa Euro 3,9 milioni, (ii) maggiori </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs85f\">costi per i sis<span class=\"_ _0\"></span>temi informat<span class=\"_ _0\"></span>ici per circa Euro 1,6 m<span class=\"_ _0\"></span>ilioni (anche correlat<span class=\"_ _0\"></span>i alla facilitazion<span class=\"_ _0\"></span>e delle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs860\">fruibilit<span class=\"_ _0\"></span>\u00e0, per tutte le persone, dei servizi e prodotti offerti, attraver<span class=\"_ _0\"></span>so l'adozione di tecnologie </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs861\">accessibili<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span><span class=\"ws74\">e la rimozion<span class=\"_ _0\"></span>e delle barriere<span class=\"_ _0\"></span> digitali), (iii) maggior<span class=\"_ _0\"></span>i costi per in<span class=\"_ _0\"></span>fo provider per circa </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs862\">Euro 1,2 milioni e<span class=\"_ _0\"></span> (iv) maggiori altri costi di funzion<span class=\"_ _0\"></span>amento per circa Euro 0,9 milioni.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-662": {
   "value": "Sezione 9 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Spe<span class=\"_ _0\"></span>se ammin<span class=\"_ _0\"></span>istrati<span class=\"_ _0\"></span>ve </span>\u2013 </span>Voce 140<span class=\"ff1 fs0 ls1 ws1\"> </span>9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> S<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> il p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>rs<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w9fc h499\" id=\"_7a2fb9e3-8152-423f-acbf-a091cc212887\"><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fa5 ff2 fs5e fc0 sc0 ls2c9 ws58d\">Voci<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb3 y37b4 w9fd h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb4 y37b4 w9fd h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37b5 w9fe h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">1.<span class=\"_ _14\"> </span><span class=\"ls2cb ws590\">P<span class=\"_ _0\"></span>erso<span class=\"_ _1c\"></span>nale dipen<span class=\"_ _1\"></span>dente<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbb5 y37b5 w9ff h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(100.<span class=\"_ _0\"></span>235)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb6 y37b5 wa00 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>121.<span class=\"_ _0\"></span>541)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b6 wa01 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">a) s<span class=\"_ _0\"></span>alari e stipend<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb7 y37b6 wa02 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(69.<span class=\"_ _0\"></span>980)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb8 y37b6 wa02 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(59.<span class=\"_ _0\"></span>166)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b7 wa03 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">b) oneri sociali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb9 y37b7 wa04 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(15.289)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbba y37b7 wa05 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>13.630)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fab ff1 fs5e fc0 sc0 ls2cc ws592\">c)<span class=\"_ _0\"></span> inde<span class=\"_ _1\"></span>nnit\u00e0 di fine<span class=\"_ _1\"></span> rapporto<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37b8 wa06 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2ce ws594\">d) s<span class=\"_ _0\"></span>pes<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>evidenzia<span class=\"_ _0\"></span>li<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbb y37b8 wa07 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>1.404)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbc y37b8 wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>1.406)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b9 wa09 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">e) acc<span class=\"_ _0\"></span>antonamento al trattamento d<span class=\"_ _1\"></span>i fine rappor<span class=\"_ _1\"></span>to del per<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>onale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbd y37b9 wa0a h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>966)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbe y37b9 wa0b h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>412)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37ba wa0c h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">f) ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>antonamento al fond<span class=\"_ _1\"></span>o trattamento di qu<span class=\"_ _1\"></span>iesc<span class=\"_ _0\"></span>enza e o<span class=\"_ _1\"></span>bblighi sim<span class=\"_ _0\"></span>ili:<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbf y37ba wa0d h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc0 y37ba wa0d h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1faf ff1 fs5e fc0 sc0 ls2cc ws592\">- a contribu<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> definita<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fb0 ff1 fs5e fc0 sc0 ls2cc ws592\">- a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37bb wa0e h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">g) versam<span class=\"_ _0\"></span>enti ai fondi di p<span class=\"_ _1\"></span>reviden<span class=\"_ _1\"></span>za com<span class=\"_ _0\"></span>plementare<span class=\"_ _1\"></span> esterni:<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc1 y37bb wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.307)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc2 y37bb wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(4.<span class=\"_ _0\"></span>309)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37bc wa0f h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">- a contribu<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> definita<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc3 y37bc wa07 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.307)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc4 y37bc wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.309)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fb3 ff1 fs5e fc0 sc0 ls2cc ws592\">- a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37bd wa10 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">h) altri be<span class=\"_ _1\"></span>nefic<span class=\"_ _0\"></span>i a favore dei d<span class=\"_ _1\"></span>ipend<span class=\"_ _1\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc5 y37bd wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>8.289)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc6 y37bd wa04 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(42.618)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37be wa11 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">2.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Altro pe<span class=\"_ _0\"></span>rsonale in at<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbc7 y37be wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>532)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc8 y37be wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>433)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37bf wa13 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">3.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Amm<span class=\"_ _0\"></span>inist<span class=\"_ _0\"></span>ratori e S<span class=\"_ _0\"></span>indaci<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbc9 y37bf wa14 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(4.<span class=\"_ _0\"></span>813)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbca y37bf wa15 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>836)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x24 h237 y1fb7 ff2 fs5e fc0 sc0 ls2ca ws58f\">4.<span class=\"_ _14\"> </span><span class=\"ls2c9 ws596\">P<span class=\"_ _13\"></span>er<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>olloc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o a r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y37c0 wa16 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">5.<span class=\"_ _0\"></span>  <span class=\"ls2d0 ws597\">R<span class=\"_ _1c\"></span>ecu<span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>i di<span class=\"_ _1\"></span> spes<span class=\"_ _1\"></span>a per<span class=\"_ _1c\"></span> dipende<span class=\"_ _1\"></span>nti<span class=\"_ _1c\"></span> dista<span class=\"_ _1\"></span>cc<span class=\"_ _1c\"></span>ati<span class=\"_ _1\"></span> pres<span class=\"_ _1\"></span>so<span class=\"_ _1c\"></span> altr<span class=\"_ _1c\"></span>e azi<span class=\"_ _1\"></span>ende<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbcb y37c0 wa17 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">64<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbcc y37c0 wa18 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">123<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c1 wa19 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">6.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Rimborsi d<span class=\"_ _0\"></span>i sp<span class=\"_ _0\"></span>esa p<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i dis<span class=\"_ _0\"></span>taccati p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sso la societ\u00e0<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbcd y37c1 wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>407)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xb57 y345e wa1a h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2c9 ws58d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbce y345e wa1b h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>105.<span class=\"_ _0\"></span>923)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbcf y345e wa00 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>127.<span class=\"_ _0\"></span>687)<span class=\"_ _4ac\"> </span></div></td></tr></table>La voce \u201cS<span class=\"_ _0\"></span>pese per il person<span class=\"_ _0\"></span>ale\u201d evidenzia un saldo di Eu<span class=\"_ _0\"></span>ro 105,9 milioni (Eur<span class=\"_ _0\"></span>o 127,7 milion<span class=\"_ _0\"></span>i al 31 dic<span class=\"_ _1\"></span>embr<span class=\"_ _1\"></span>e 2024) <span class=\"_ _1c\"></span>e comprend<span class=\"_ _1c\"></span>e principa<span class=\"_ _1\"></span>lmen<span class=\"_ _1\"></span>te (i) c<span class=\"_ _1\"></span>osti co<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>ples<span class=\"_ _1c\"></span>sivi rif<span class=\"_ _1\"></span>eriti al<span class=\"_ _1\"></span> pers<span class=\"_ _1\"></span>onale<span class=\"_ _1\"></span> dipendente, agli Amminist<span class=\"_ _0\"></span>ratori ed al Collegio Sindacale per circa Eur<span class=\"ws7e\">o 73,4 milio<span class=\"_ _0\"></span>ni e (ii) <span class=\"_ _0\"></span>i costi </span>rifer<span class=\"_ _0\"></span>iti alla componente di <span class=\"_ _1\"></span>remunerazion<span class=\"_ _0\"></span>e variabile del personale dipendente e degli Ammi<span class=\"_ _1\"></span>nistra<span class=\"_ _1c\"></span>tori per<span class=\"_ _1\"></span> circ<span class=\"_ _1c\"></span>a Euro <span class=\"_ _1\"></span>32,5 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1c\"></span> Si ric<span class=\"_ _1\"></span>orda <span class=\"_ _1\"></span>che n<span class=\"_ _1c\"></span>ella sot<span class=\"_ _1\"></span>tovoc<span class=\"_ _1c\"></span>e \u201ch) al<span class=\"_ _1\"></span>tri b<span class=\"_ _1\"></span>enefi<span class=\"_ _1\"></span>ci a favor<span class=\"_ _1\"></span>e dei di<span class=\"_ _1\"></span>penden<span class=\"_ _1\"></span>ti\u201d, a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbre 2<span class=\"_ _1\"></span>024, e<span class=\"ls0 ws5f\">rano contabilizzati, tr<span class=\"_ _0\"></span>a l\u2019altro, i cost<span class=\"_ _0\"></span>i riferiti ai piani </span>LTI<span class=\"_ _0\"></span>P 21<span class=\"ls1 ws1\">-<span class=\"ls1c wsf9\">23 e LTIP 24</span>-<span class=\"ls30 wsc8\">2<span class=\"_ _1\"></span>6, per <span class=\"_ _1\"></span>un imp<span class=\"_ _1\"></span>orto di<span class=\"_ _1\"></span> circ<span class=\"_ _1\"></span>a Eur<span class=\"_ _1\"></span>o 36 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1\"></span>, ris<span class=\"_ _1\"></span>petto ai<span class=\"_ _1\"></span> qual<span class=\"_ _1\"></span>i non s<span class=\"_ _1\"></span>ono<span class=\"_ _1c\"></span> </span></span>presenti co<span class=\"_ _0\"></span>sti nell\u2019esercizio corr<span class=\"_ _0\"></span>ente (si rimanda pe<span class=\"_ _0\"></span>r maggiori dettagli alla Not<span class=\"_ _0\"></span>a inte<span class=\"_ _0\"></span>grativa Consolid<span class=\"ls11 ws116\">ata \u201cParte A <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">Polit<span class=\"_ _0\"></span>iche Contabili <span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">A.2 Parte<span class=\"_ _0\"></span> relativa alle principali voci di bilancio <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls1d ws2b\">A<span class=\"_ _0\"></span>ltre </span></span></span></span></span></span></span>informazioni <span class=\"ls1 ws1\">\u2013 </span><span class=\"ws0\">Long Term<span class=\"_ _0\"></span> Incentive Plan \u201cLTIP\u201d\u201d del B<span class=\"_ _0\"></span>ilancio Consolidato al 31 dicem<span class=\"_ _0\"></span>bre 2024).<span class=\"ls1 ws1\"> </span></span>9<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> N<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>e<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span> m<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>d<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>i d<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>ti r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>ate<span class=\"_ _11\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ia<span class=\"ls1 ws1\"> </span><table class=\"s wa30 h49c\" id=\"_d696fa91-fd17-46a6-ab3a-9909554ce6ba\"><tr><td></td><td class=\"c xbe6 y37c9 wa31 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws598\">N.<span class=\"_ _5d\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>io<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe7 y37c9 wa32 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws598\">N.<span class=\"_ _5d\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c xbe8 y37ca wa33 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe9 y37ca wa33 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37cb wa34 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d3 ws59a\">P<span class=\"_ _4ac\"> </span></div><div class=\"t m54 xbea h23b y367e ff2 fs5f fc0 sc0 ls2d3 ws59a\">erso<span class=\"_ _1c\"></span>nal<span class=\"_ _1\"></span>e dipendente<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y37cc wa35 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">a) dirigenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbeb y37cc wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">123<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbec y37cc wa37 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">98<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37cd wa38 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">b)<span class=\"_ _4ac\"> </span></div><div class=\"t m54 x954 h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">a<span class=\"_ _4ac\"> </span></div><div class=\"t m54 x9ba h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">ltro per<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>onale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbed y37cd wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">431<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbee y37cd wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">395<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ce wa39 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws59d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbef y37ce wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">554<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf0 y37ce wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">493<span class=\"_ _4ac\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-36": {
   "value": "Sezione 9 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Spe<span class=\"_ _0\"></span>se ammin<span class=\"_ _0\"></span>istrati<span class=\"_ _0\"></span>ve </span>\u2013 </span>Voce 140<span class=\"ff1 fs0 ls1 ws1\"> </span>9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> S<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> il p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>rs<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w9fc h499\" id=\"_7a2fb9e3-8152-423f-acbf-a091cc212887\"><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fa5 ff2 fs5e fc0 sc0 ls2c9 ws58d\">Voci<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb3 y37b4 w9fd h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb4 y37b4 w9fd h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37b5 w9fe h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">1.<span class=\"_ _14\"> </span><span class=\"ls2cb ws590\">P<span class=\"_ _0\"></span>erso<span class=\"_ _1c\"></span>nale dipen<span class=\"_ _1\"></span>dente<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbb5 y37b5 w9ff h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(100.<span class=\"_ _0\"></span>235)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb6 y37b5 wa00 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>121.<span class=\"_ _0\"></span>541)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b6 wa01 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">a) s<span class=\"_ _0\"></span>alari e stipend<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb7 y37b6 wa02 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(69.<span class=\"_ _0\"></span>980)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb8 y37b6 wa02 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(59.<span class=\"_ _0\"></span>166)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b7 wa03 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">b) oneri sociali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb9 y37b7 wa04 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(15.289)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbba y37b7 wa05 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>13.630)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fab ff1 fs5e fc0 sc0 ls2cc ws592\">c)<span class=\"_ _0\"></span> inde<span class=\"_ _1\"></span>nnit\u00e0 di fine<span class=\"_ _1\"></span> rapporto<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37b8 wa06 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2ce ws594\">d) s<span class=\"_ _0\"></span>pes<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>evidenzia<span class=\"_ _0\"></span>li<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbb y37b8 wa07 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>1.404)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbc y37b8 wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>1.406)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b9 wa09 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">e) acc<span class=\"_ _0\"></span>antonamento al trattamento d<span class=\"_ _1\"></span>i fine rappor<span class=\"_ _1\"></span>to del per<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>onale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbd y37b9 wa0a h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>966)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbe y37b9 wa0b h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>412)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37ba wa0c h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">f) ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>antonamento al fond<span class=\"_ _1\"></span>o trattamento di qu<span class=\"_ _1\"></span>iesc<span class=\"_ _0\"></span>enza e o<span class=\"_ _1\"></span>bblighi sim<span class=\"_ _0\"></span>ili:<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbf y37ba wa0d h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc0 y37ba wa0d h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1faf ff1 fs5e fc0 sc0 ls2cc ws592\">- a contribu<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> definita<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fb0 ff1 fs5e fc0 sc0 ls2cc ws592\">- a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37bb wa0e h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">g) versam<span class=\"_ _0\"></span>enti ai fondi di p<span class=\"_ _1\"></span>reviden<span class=\"_ _1\"></span>za com<span class=\"_ _0\"></span>plementare<span class=\"_ _1\"></span> esterni:<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc1 y37bb wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.307)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc2 y37bb wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(4.<span class=\"_ _0\"></span>309)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37bc wa0f h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">- a contribu<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> definita<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc3 y37bc wa07 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.307)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc4 y37bc wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.309)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fb3 ff1 fs5e fc0 sc0 ls2cc ws592\">- a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37bd wa10 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">h) altri be<span class=\"_ _1\"></span>nefic<span class=\"_ _0\"></span>i a favore dei d<span class=\"_ _1\"></span>ipend<span class=\"_ _1\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc5 y37bd wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>8.289)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc6 y37bd wa04 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(42.618)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37be wa11 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">2.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Altro pe<span class=\"_ _0\"></span>rsonale in at<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbc7 y37be wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>532)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc8 y37be wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>433)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37bf wa13 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">3.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Amm<span class=\"_ _0\"></span>inist<span class=\"_ _0\"></span>ratori e S<span class=\"_ _0\"></span>indaci<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbc9 y37bf wa14 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(4.<span class=\"_ _0\"></span>813)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbca y37bf wa15 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>836)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x24 h237 y1fb7 ff2 fs5e fc0 sc0 ls2ca ws58f\">4.<span class=\"_ _14\"> </span><span class=\"ls2c9 ws596\">P<span class=\"_ _13\"></span>er<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>olloc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o a r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y37c0 wa16 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">5.<span class=\"_ _0\"></span>  <span class=\"ls2d0 ws597\">R<span class=\"_ _1c\"></span>ecu<span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>i di<span class=\"_ _1\"></span> spes<span class=\"_ _1\"></span>a per<span class=\"_ _1c\"></span> dipende<span class=\"_ _1\"></span>nti<span class=\"_ _1c\"></span> dista<span class=\"_ _1\"></span>cc<span class=\"_ _1c\"></span>ati<span class=\"_ _1\"></span> pres<span class=\"_ _1\"></span>so<span class=\"_ _1c\"></span> altr<span class=\"_ _1c\"></span>e azi<span class=\"_ _1\"></span>ende<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbcb y37c0 wa17 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">64<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbcc y37c0 wa18 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">123<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c1 wa19 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">6.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Rimborsi d<span class=\"_ _0\"></span>i sp<span class=\"_ _0\"></span>esa p<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i dis<span class=\"_ _0\"></span>taccati p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sso la societ\u00e0<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbcd y37c1 wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>407)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xb57 y345e wa1a h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2c9 ws58d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbce y345e wa1b h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>105.<span class=\"_ _0\"></span>923)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbcf y345e wa00 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>127.<span class=\"_ _0\"></span>687)<span class=\"_ _4ac\"> </span></div></td></tr></table>La voce \u201cS<span class=\"_ _0\"></span>pese per il person<span class=\"_ _0\"></span>ale\u201d evidenzia un saldo di Eu<span class=\"_ _0\"></span>ro 105,9 milioni (Eur<span class=\"_ _0\"></span>o 127,7 milion<span class=\"_ _0\"></span>i al 31 dic<span class=\"_ _1\"></span>embr<span class=\"_ _1\"></span>e 2024) <span class=\"_ _1c\"></span>e comprend<span class=\"_ _1c\"></span>e principa<span class=\"_ _1\"></span>lmen<span class=\"_ _1\"></span>te (i) c<span class=\"_ _1\"></span>osti co<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>ples<span class=\"_ _1c\"></span>sivi rif<span class=\"_ _1\"></span>eriti al<span class=\"_ _1\"></span> pers<span class=\"_ _1\"></span>onale<span class=\"_ _1\"></span> dipendente, agli Amminist<span class=\"_ _0\"></span>ratori ed al Collegio Sindacale per circa Eur<span class=\"ws7e\">o 73,4 milio<span class=\"_ _0\"></span>ni e (ii) <span class=\"_ _0\"></span>i costi </span>rifer<span class=\"_ _0\"></span>iti alla componente di <span class=\"_ _1\"></span>remunerazion<span class=\"_ _0\"></span>e variabile del personale dipendente e degli Ammi<span class=\"_ _1\"></span>nistra<span class=\"_ _1c\"></span>tori per<span class=\"_ _1\"></span> circ<span class=\"_ _1c\"></span>a Euro <span class=\"_ _1\"></span>32,5 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1c\"></span> Si ric<span class=\"_ _1\"></span>orda <span class=\"_ _1\"></span>che n<span class=\"_ _1c\"></span>ella sot<span class=\"_ _1\"></span>tovoc<span class=\"_ _1c\"></span>e \u201ch) al<span class=\"_ _1\"></span>tri b<span class=\"_ _1\"></span>enefi<span class=\"_ _1\"></span>ci a favor<span class=\"_ _1\"></span>e dei di<span class=\"_ _1\"></span>penden<span class=\"_ _1\"></span>ti\u201d, a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbre 2<span class=\"_ _1\"></span>024, e<span class=\"ls0 ws5f\">rano contabilizzati, tr<span class=\"_ _0\"></span>a l\u2019altro, i cost<span class=\"_ _0\"></span>i riferiti ai piani </span>LTI<span class=\"_ _0\"></span>P 21<span class=\"ls1 ws1\">-<span class=\"ls1c wsf9\">23 e LTIP 24</span>-<span class=\"ls30 wsc8\">2<span class=\"_ _1\"></span>6, per <span class=\"_ _1\"></span>un imp<span class=\"_ _1\"></span>orto di<span class=\"_ _1\"></span> circ<span class=\"_ _1\"></span>a Eur<span class=\"_ _1\"></span>o 36 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1\"></span>, ris<span class=\"_ _1\"></span>petto ai<span class=\"_ _1\"></span> qual<span class=\"_ _1\"></span>i non s<span class=\"_ _1\"></span>ono<span class=\"_ _1c\"></span> </span></span>presenti co<span class=\"_ _0\"></span>sti nell\u2019esercizio corr<span class=\"_ _0\"></span>ente (si rimanda pe<span class=\"_ _0\"></span>r maggiori dettagli alla Not<span class=\"_ _0\"></span>a inte<span class=\"_ _0\"></span>grativa Consolid<span class=\"ls11 ws116\">ata \u201cParte A <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">Polit<span class=\"_ _0\"></span>iche Contabili <span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">A.2 Parte<span class=\"_ _0\"></span> relativa alle principali voci di bilancio <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls1d ws2b\">A<span class=\"_ _0\"></span>ltre </span></span></span></span></span></span></span>informazioni <span class=\"ls1 ws1\">\u2013 </span><span class=\"ws0\">Long Term<span class=\"_ _0\"></span> Incentive Plan \u201cLTIP\u201d\u201d del B<span class=\"_ _0\"></span>ilancio Consolidato al 31 dicem<span class=\"_ _0\"></span>bre 2024).<span class=\"ls1 ws1\"> </span></span>9<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> N<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>e<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span> m<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>d<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>i d<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>ti r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>ate<span class=\"_ _11\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ia<span class=\"ls1 ws1\"> </span><table class=\"s wa30 h49c\" id=\"_d696fa91-fd17-46a6-ab3a-9909554ce6ba\"><tr><td></td><td class=\"c xbe6 y37c9 wa31 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws598\">N.<span class=\"_ _5d\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>io<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe7 y37c9 wa32 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws598\">N.<span class=\"_ _5d\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c xbe8 y37ca wa33 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe9 y37ca wa33 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37cb wa34 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d3 ws59a\">P<span class=\"_ _4ac\"> </span></div><div class=\"t m54 xbea h23b y367e ff2 fs5f fc0 sc0 ls2d3 ws59a\">erso<span class=\"_ _1c\"></span>nal<span class=\"_ _1\"></span>e dipendente<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y37cc wa35 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">a) dirigenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbeb y37cc wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">123<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbec y37cc wa37 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">98<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37cd wa38 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">b)<span class=\"_ _4ac\"> </span></div><div class=\"t m54 x954 h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">a<span class=\"_ _4ac\"> </span></div><div class=\"t m54 x9ba h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">ltro per<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>onale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbed y37cd wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">431<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbee y37cd wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">395<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ce wa39 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws59d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbef y37ce wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">554<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf0 y37ce wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">493<span class=\"_ _4ac\"> </span></div></td></tr></table>9<span class=\"_ _1c\"></span>.<span class=\"_ _1c\"></span>3<span class=\"_ _1\"></span> Co<span class=\"_ _1c\"></span>mp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>si<span class=\"_ _d\"></span>z<span class=\"_ _1c\"></span>i<span class=\"_ _1c\"></span>on<span class=\"_ _1c\"></span>e del<span class=\"_ _d\"></span>l<span class=\"_ _d\"></span>e \u201c<span class=\"_ _1c\"></span>Al<span class=\"_ _1c\"></span>t<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>e sp<span class=\"_ _1\"></span>ese a<span class=\"_ _7\"></span>mmi<span class=\"_ _1c\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>st<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>a<span class=\"_ _1c\"></span>t<span class=\"_ _1c\"></span>i<span class=\"_ _d\"></span>ve<span class=\"ff1 ls1 ws1\">\u201d </span><table class=\"s wa1c h49b\" id=\"_35774f5e-da26-4807-8dcd-7011f0215837\"><tr><td></td><td class=\"c xbd1 y37c2 wa1d h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd2 y37c2 wa1d h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c3 wa1e h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">Voci<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd3 y37c3 wa1f h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd4 y37c3 wa1f h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c4 wa20 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d8 ws5a0\">C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>enze<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd5 y37c4 wa21 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>11.193)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd6 y37c4 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.244)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c5 wa23 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Locazione<span class=\"_ _1\"></span> im<span class=\"_ _0\"></span>mobili e oneri gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd7 y37c5 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>2.292)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd8 y37c5 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(2.<span class=\"_ _0\"></span>161)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c6 wa24 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Servizi d<span class=\"_ _1\"></span>i outsourc<span class=\"_ _0\"></span>ing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd9 y37c6 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>8.166)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbda y37c6 wa25 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(7.908)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c7 wa26 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Spese di marketin<span class=\"_ _1\"></span>g e c<span class=\"_ _0\"></span>omunicazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdb y37c7 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.455)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdc y37c7 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.351)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c8 wa27 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2db ws5a3\">Cos<span class=\"_ _0\"></span>to per I<span class=\"_ _0\"></span>nfoprovider<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdd y37c8 wa28 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(13.304)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbde y37c8 wa29 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(12.<span class=\"_ _0\"></span>151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d0 wa2a h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Cos<span class=\"_ _0\"></span>ti per telefonia e<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>temi inform<span class=\"_ _0\"></span>atici<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdf y36d0 wa2b h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>10.836)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe0 y36d0 wa2c h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>9.230)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d2 wa2d h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Altri c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ti di funz<span class=\"_ _1\"></span>ionamento<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe1 y36d2 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.870)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe2 y36d2 wa25 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(6.894)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wa1d h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe3 y345e wa2e h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">(<span class=\"_ _0\"></span>61.<span class=\"_ _0\"></span>117)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe4 y345e wa2f h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">(<span class=\"_ _0\"></span>52.<span class=\"_ _0\"></span>938)<span class=\"_ _4ac\"> </span></div></td></tr></table>La voce \u201cAltre spese amministr<span class=\"_ _0\"></span>ative\u201d evidenzia un saldo di circa Euro 61,1 milioni (Euro 52,9 milioni al 31<span class=\"_ _0\"></span> dicembre 2024); l\u2019incremento<span class=\"_ _0\"></span> \u00e8 da attribuirsi pr<span class=\"_ _0\"></span>incipalmente a maggior<span class=\"_ _0\"></span>i (i) <span class=\"ls3f ws15b\">cost<span class=\"_ _0\"></span>i per<span class=\"_ _0\"></span> </span>cons<span class=\"_ _1\"></span>ulenz<span class=\"_ _1c\"></span>e, preva<span class=\"_ _1\"></span>lent<span class=\"_ _1\"></span>emen<span class=\"_ _1c\"></span>te di natu<span class=\"_ _1\"></span>ra st<span class=\"_ _1\"></span>raor<span class=\"_ _1\"></span>dinari<span class=\"_ _1\"></span>a,<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws99\">per circa Euro 3,9 milioni, (ii) maggiori </span></span>costi per i sis<span class=\"_ _0\"></span>temi informat<span class=\"_ _0\"></span>ici per circa Euro 1,6 m<span class=\"_ _0\"></span>ilioni (anche correlat<span class=\"_ _0\"></span>i alla facilitazion<span class=\"_ _0\"></span>e delle fruibilit<span class=\"_ _0\"></span>\u00e0, per tutte le persone, dei servizi e prodotti offerti, attraver<span class=\"_ _0\"></span>so l'adozione di tecnologie accessibili<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span><span class=\"ws74\">e la rimozion<span class=\"_ _0\"></span>e delle barriere<span class=\"_ _0\"></span> digitali), (iii) maggior<span class=\"_ _0\"></span>i costi per in<span class=\"_ _0\"></span>fo provider per circa </span>Euro 1,2 milioni e<span class=\"_ _0\"></span> (iv) maggiori altri costi di funzion<span class=\"_ _0\"></span>amento per circa Euro 0,9 milioni.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-681": {
   "value": "Sezione 9 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Spe<span class=\"_ _0\"></span>se ammin<span class=\"_ _0\"></span>istrati<span class=\"_ _0\"></span>ve </span>\u2013 </span>Voce 140<span class=\"ff1 fs0 ls1 ws1\"> </span>9<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span> S<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> il p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>rs<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span>:<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span><span class=\"ls1 ws1\"> </span><table class=\"s w9fc h499\" id=\"_7a2fb9e3-8152-423f-acbf-a091cc212887\"><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fa5 ff2 fs5e fc0 sc0 ls2c9 ws58d\">Voci<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb3 y37b4 w9fd h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb4 y37b4 w9fd h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37b5 w9fe h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">1.<span class=\"_ _14\"> </span><span class=\"ls2cb ws590\">P<span class=\"_ _0\"></span>erso<span class=\"_ _1c\"></span>nale dipen<span class=\"_ _1\"></span>dente<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbb5 y37b5 w9ff h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(100.<span class=\"_ _0\"></span>235)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb6 y37b5 wa00 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>121.<span class=\"_ _0\"></span>541)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b6 wa01 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">a) s<span class=\"_ _0\"></span>alari e stipend<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb7 y37b6 wa02 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(69.<span class=\"_ _0\"></span>980)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb8 y37b6 wa02 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(59.<span class=\"_ _0\"></span>166)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b7 wa03 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">b) oneri sociali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbb9 y37b7 wa04 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(15.289)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbba y37b7 wa05 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>13.630)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fab ff1 fs5e fc0 sc0 ls2cc ws592\">c)<span class=\"_ _0\"></span> inde<span class=\"_ _1\"></span>nnit\u00e0 di fine<span class=\"_ _1\"></span> rapporto<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37b8 wa06 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2ce ws594\">d) s<span class=\"_ _0\"></span>pes<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>evidenzia<span class=\"_ _0\"></span>li<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbb y37b8 wa07 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>1.404)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbc y37b8 wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>1.406)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37b9 wa09 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">e) acc<span class=\"_ _0\"></span>antonamento al trattamento d<span class=\"_ _1\"></span>i fine rappor<span class=\"_ _1\"></span>to del per<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>onale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbd y37b9 wa0a h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>966)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbe y37b9 wa0b h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>412)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37ba wa0c h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">f) ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>antonamento al fond<span class=\"_ _1\"></span>o trattamento di qu<span class=\"_ _1\"></span>iesc<span class=\"_ _0\"></span>enza e o<span class=\"_ _1\"></span>bblighi sim<span class=\"_ _0\"></span>ili:<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbbf y37ba wa0d h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc0 y37ba wa0d h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc1 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1faf ff1 fs5e fc0 sc0 ls2cc ws592\">- a contribu<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> definita<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fb0 ff1 fs5e fc0 sc0 ls2cc ws592\">- a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37bb wa0e h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">g) versam<span class=\"_ _0\"></span>enti ai fondi di p<span class=\"_ _1\"></span>reviden<span class=\"_ _1\"></span>za com<span class=\"_ _0\"></span>plementare<span class=\"_ _1\"></span> esterni:<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc1 y37bb wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.307)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc2 y37bb wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(4.<span class=\"_ _0\"></span>309)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xb57 y37bc wa0f h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">- a contribu<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> definita<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc3 y37bc wa07 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.307)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc4 y37bc wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>4.309)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x5 h237 y1fb3 ff1 fs5e fc0 sc0 ls2cc ws592\">- a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c xb57 y37bd wa10 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cc ws592\">h) altri be<span class=\"_ _1\"></span>nefic<span class=\"_ _0\"></span>i a favore dei d<span class=\"_ _1\"></span>ipend<span class=\"_ _1\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc5 y37bd wa08 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(<span class=\"_ _0\"></span>8.289)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc6 y37bd wa04 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff1 fs5e fc0 sc0 ls2cd ws593\">(42.618)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37be wa11 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">2.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Altro pe<span class=\"_ _0\"></span>rsonale in at<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbc7 y37be wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>532)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbc8 y37be wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>433)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37bf wa13 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">3.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Amm<span class=\"_ _0\"></span>inist<span class=\"_ _0\"></span>ratori e S<span class=\"_ _0\"></span>indaci<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbc9 y37bf wa14 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(4.<span class=\"_ _0\"></span>813)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbca y37bf wa15 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>836)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37b2 w1a1 h236\"><div class=\"t m53 x24 h237 y1fb7 ff2 fs5e fc0 sc0 ls2ca ws58f\">4.<span class=\"_ _14\"> </span><span class=\"ls2c9 ws596\">P<span class=\"_ _13\"></span>er<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>olloc<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o a r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y37c0 wa16 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">5.<span class=\"_ _0\"></span>  <span class=\"ls2d0 ws597\">R<span class=\"_ _1c\"></span>ecu<span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>i di<span class=\"_ _1\"></span> spes<span class=\"_ _1\"></span>a per<span class=\"_ _1c\"></span> dipende<span class=\"_ _1\"></span>nti<span class=\"_ _1c\"></span> dista<span class=\"_ _1\"></span>cc<span class=\"_ _1c\"></span>ati<span class=\"_ _1\"></span> pres<span class=\"_ _1\"></span>so<span class=\"_ _1c\"></span> altr<span class=\"_ _1c\"></span>e azi<span class=\"_ _1\"></span>ende<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbcb y37c0 wa17 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">64<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbcc y37c0 wa18 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">123<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c1 wa19 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">6.<span class=\"_ _0\"></span>  <span class=\"ls2cf ws595\">Rimborsi d<span class=\"_ _0\"></span>i sp<span class=\"_ _0\"></span>esa p<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i dis<span class=\"_ _0\"></span>taccati p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sso la societ\u00e0<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbcd y37c1 wa12 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>407)<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xb57 y345e wa1a h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2c9 ws58d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbce y345e wa1b h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>105.<span class=\"_ _0\"></span>923)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbcf y345e wa00 h49a\"><div class=\"t m53 x1fa h237 y37b3 ff2 fs5e fc0 sc0 ls2ca ws58f\">(<span class=\"_ _0\"></span>127.<span class=\"_ _0\"></span>687)<span class=\"_ _4ac\"> </span></div></td></tr></table>La voce \u201cS<span class=\"_ _0\"></span>pese per il person<span class=\"_ _0\"></span>ale\u201d evidenzia un saldo di Eu<span class=\"_ _0\"></span>ro 105,9 milioni (Eur<span class=\"_ _0\"></span>o 127,7 milion<span class=\"_ _0\"></span>i al 31 dic<span class=\"_ _1\"></span>embr<span class=\"_ _1\"></span>e 2024) <span class=\"_ _1c\"></span>e comprend<span class=\"_ _1c\"></span>e principa<span class=\"_ _1\"></span>lmen<span class=\"_ _1\"></span>te (i) c<span class=\"_ _1\"></span>osti co<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>ples<span class=\"_ _1c\"></span>sivi rif<span class=\"_ _1\"></span>eriti al<span class=\"_ _1\"></span> pers<span class=\"_ _1\"></span>onale<span class=\"_ _1\"></span> dipendente, agli Amminist<span class=\"_ _0\"></span>ratori ed al Collegio Sindacale per circa Eur<span class=\"ws7e\">o 73,4 milio<span class=\"_ _0\"></span>ni e (ii) <span class=\"_ _0\"></span>i costi </span>rifer<span class=\"_ _0\"></span>iti alla componente di <span class=\"_ _1\"></span>remunerazion<span class=\"_ _0\"></span>e variabile del personale dipendente e degli Ammi<span class=\"_ _1\"></span>nistra<span class=\"_ _1c\"></span>tori per<span class=\"_ _1\"></span> circ<span class=\"_ _1c\"></span>a Euro <span class=\"_ _1\"></span>32,5 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1c\"></span> Si ric<span class=\"_ _1\"></span>orda <span class=\"_ _1\"></span>che n<span class=\"_ _1c\"></span>ella sot<span class=\"_ _1\"></span>tovoc<span class=\"_ _1c\"></span>e \u201ch) al<span class=\"_ _1\"></span>tri b<span class=\"_ _1\"></span>enefi<span class=\"_ _1\"></span>ci a favor<span class=\"_ _1\"></span>e dei di<span class=\"_ _1\"></span>penden<span class=\"_ _1\"></span>ti\u201d, a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbre 2<span class=\"_ _1\"></span>024, e<span class=\"ls0 ws5f\">rano contabilizzati, tr<span class=\"_ _0\"></span>a l\u2019altro, i cost<span class=\"_ _0\"></span>i riferiti ai piani </span>LTI<span class=\"_ _0\"></span>P 21<span class=\"ls1 ws1\">-<span class=\"ls1c wsf9\">23 e LTIP 24</span>-<span class=\"ls30 wsc8\">2<span class=\"_ _1\"></span>6, per <span class=\"_ _1\"></span>un imp<span class=\"_ _1\"></span>orto di<span class=\"_ _1\"></span> circ<span class=\"_ _1\"></span>a Eur<span class=\"_ _1\"></span>o 36 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1\"></span>, ris<span class=\"_ _1\"></span>petto ai<span class=\"_ _1\"></span> qual<span class=\"_ _1\"></span>i non s<span class=\"_ _1\"></span>ono<span class=\"_ _1c\"></span> </span></span>presenti co<span class=\"_ _0\"></span>sti nell\u2019esercizio corr<span class=\"_ _0\"></span>ente (si rimanda pe<span class=\"_ _0\"></span>r maggiori dettagli alla Not<span class=\"_ _0\"></span>a inte<span class=\"_ _0\"></span>grativa Consolid<span class=\"ls11 ws116\">ata \u201cParte A <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">Polit<span class=\"_ _0\"></span>iche Contabili <span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">A.2 Parte<span class=\"_ _0\"></span> relativa alle principali voci di bilancio <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls1d ws2b\">A<span class=\"_ _0\"></span>ltre </span></span></span></span></span></span></span>informazioni <span class=\"ls1 ws1\">\u2013 </span><span class=\"ws0\">Long Term<span class=\"_ _0\"></span> Incentive Plan \u201cLTIP\u201d\u201d del B<span class=\"_ _0\"></span>ilancio Consolidato al 31 dicem<span class=\"_ _0\"></span>bre 2024).<span class=\"ls1 ws1\"> </span></span>9<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span> N<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>m<span class=\"_ _11\"></span>e<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span> m<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>d<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>i d<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>ti r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i p<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>ate<span class=\"_ _11\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ia<span class=\"ls1 ws1\"> </span><table class=\"s wa30 h49c\" id=\"_d696fa91-fd17-46a6-ab3a-9909554ce6ba\"><tr><td></td><td class=\"c xbe6 y37c9 wa31 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws598\">N.<span class=\"_ _5d\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _13\"></span>io<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe7 y37c9 wa32 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws598\">N.<span class=\"_ _5d\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c xbe8 y37ca wa33 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe9 y37ca wa33 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37cb wa34 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d3 ws59a\">P<span class=\"_ _4ac\"> </span></div><div class=\"t m54 xbea h23b y367e ff2 fs5f fc0 sc0 ls2d3 ws59a\">erso<span class=\"_ _1c\"></span>nal<span class=\"_ _1\"></span>e dipendente<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y37cc wa35 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">a) dirigenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbeb y37cc wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">123<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbec y37cc wa37 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">98<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37cd wa38 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">b)<span class=\"_ _4ac\"> </span></div><div class=\"t m54 x954 h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">a<span class=\"_ _4ac\"> </span></div><div class=\"t m54 x9ba h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">ltro per<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>onale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbed y37cd wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">431<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbee y37cd wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">395<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ce wa39 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws59d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbef y37ce wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">554<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf0 y37ce wa36 h43f\"><div class=\"t m54 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">493<span class=\"_ _4ac\"> </span></div></td></tr></table>9<span class=\"_ _1c\"></span>.<span class=\"_ _1c\"></span>3<span class=\"_ _1\"></span> Co<span class=\"_ _1c\"></span>mp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>si<span class=\"_ _d\"></span>z<span class=\"_ _1c\"></span>i<span class=\"_ _1c\"></span>on<span class=\"_ _1c\"></span>e del<span class=\"_ _d\"></span>l<span class=\"_ _d\"></span>e \u201c<span class=\"_ _1c\"></span>Al<span class=\"_ _1c\"></span>t<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>e sp<span class=\"_ _1\"></span>ese a<span class=\"_ _7\"></span>mmi<span class=\"_ _1c\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>st<span class=\"_ _1c\"></span>r<span class=\"_ _1c\"></span>a<span class=\"_ _1c\"></span>t<span class=\"_ _1c\"></span>i<span class=\"_ _d\"></span>ve<span class=\"ff1 ls1 ws1\">\u201d </span><table class=\"s wa1c h49b\" id=\"_35774f5e-da26-4807-8dcd-7011f0215837\"><tr><td></td><td class=\"c xbd1 y37c2 wa1d h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd2 y37c2 wa1d h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c3 wa1e h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">Voci<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd3 y37c3 wa1f h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd4 y37c3 wa1f h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c4 wa20 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d8 ws5a0\">C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>enze<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd5 y37c4 wa21 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>11.193)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd6 y37c4 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.244)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c5 wa23 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Locazione<span class=\"_ _1\"></span> im<span class=\"_ _0\"></span>mobili e oneri gestione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd7 y37c5 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>2.292)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd8 y37c5 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(2.<span class=\"_ _0\"></span>161)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c6 wa24 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Servizi d<span class=\"_ _1\"></span>i outsourc<span class=\"_ _0\"></span>ing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd9 y37c6 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>8.166)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbda y37c6 wa25 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(7.908)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c7 wa26 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Spese di marketin<span class=\"_ _1\"></span>g e c<span class=\"_ _0\"></span>omunicazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdb y37c7 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.455)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdc y37c7 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.351)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37c8 wa27 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2db ws5a3\">Cos<span class=\"_ _0\"></span>to per I<span class=\"_ _0\"></span>nfoprovider<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdd y37c8 wa28 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(13.304)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbde y37c8 wa29 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(12.<span class=\"_ _0\"></span>151)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d0 wa2a h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Cos<span class=\"_ _0\"></span>ti per telefonia e<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>temi inform<span class=\"_ _0\"></span>atici<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbdf y36d0 wa2b h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>10.836)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe0 y36d0 wa2c h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>9.230)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y36d2 wa2d h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2da ws5a2\">Altri c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ti di funz<span class=\"_ _1\"></span>ionamento<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe1 y36d2 wa22 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(<span class=\"_ _0\"></span>7.870)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe2 y36d2 wa25 h453\"><div class=\"t m55 x1fa h23d y3693 ff1 fs60 fc0 sc0 ls2d9 ws5a1\">(6.894)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wa1d h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d6 ws59e\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe3 y345e wa2e h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">(<span class=\"_ _0\"></span>61.<span class=\"_ _0\"></span>117)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbe4 y345e wa2f h453\"><div class=\"t m55 x1fa h23d y3693 ff2 fs60 fc0 sc0 ls2d7 ws59f\">(<span class=\"_ _0\"></span>52.<span class=\"_ _0\"></span>938)<span class=\"_ _4ac\"> </span></div></td></tr></table>La voce \u201cAltre spese amministr<span class=\"_ _0\"></span>ative\u201d evidenzia un saldo di circa Euro 61,1 milioni (Euro 52,9 milioni al 31<span class=\"_ _0\"></span> dicembre 2024); l\u2019incremento<span class=\"_ _0\"></span> \u00e8 da attribuirsi pr<span class=\"_ _0\"></span>incipalmente a maggior<span class=\"_ _0\"></span>i (i) <span class=\"ls3f ws15b\">cost<span class=\"_ _0\"></span>i per<span class=\"_ _0\"></span> </span>cons<span class=\"_ _1\"></span>ulenz<span class=\"_ _1c\"></span>e, preva<span class=\"_ _1\"></span>lent<span class=\"_ _1\"></span>emen<span class=\"_ _1c\"></span>te di natu<span class=\"_ _1\"></span>ra st<span class=\"_ _1\"></span>raor<span class=\"_ _1\"></span>dinari<span class=\"_ _1\"></span>a,<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws99\">per circa Euro 3,9 milioni, (ii) maggiori </span></span>costi per i sis<span class=\"_ _0\"></span>temi informat<span class=\"_ _0\"></span>ici per circa Euro 1,6 m<span class=\"_ _0\"></span>ilioni (anche correlat<span class=\"_ _0\"></span>i alla facilitazion<span class=\"_ _0\"></span>e delle fruibilit<span class=\"_ _0\"></span>\u00e0, per tutte le persone, dei servizi e prodotti offerti, attraver<span class=\"_ _0\"></span>so l'adozione di tecnologie accessibili<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span><span class=\"ws74\">e la rimozion<span class=\"_ _0\"></span>e delle barriere<span class=\"_ _0\"></span> digitali), (iii) maggior<span class=\"_ _0\"></span>i costi per in<span class=\"_ _0\"></span>fo provider per circa </span>Euro 1,2 milioni e<span class=\"_ _0\"></span> (iv) maggiori altri costi di funzion<span class=\"_ _0\"></span>amento per circa Euro 0,9 milioni.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-635": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs864\">Sezione 10 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Accan<span class=\"_ _0\"></span>ton<span class=\"_ _0\"></span>amenti n<span class=\"_ _0\"></span>etti ai<span class=\"_ _0\"></span> fondi<span class=\"_ _0\"></span> per ris<span class=\"_ _0\"></span>chi e on<span class=\"_ _0\"></span>eri </span>\u2013 </span>Voce 150<span class=\"ff1 fs0 ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs865\">1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lla v<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> 1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> \u201cA<span class=\"_ _11\"></span>cc<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>am<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>i n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>t<span class=\"_ _0\"></span>ti ai f<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>r r<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>i e<span class=\"_ _11\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>i\u201d <span class=\"ls1 ws1\"> </span></div><div class=\"gs866\"><table class=\"s wa50 h49e\" id=\"_f134f36d-904f-4bb4-a04f-f85d3e8f920a\"><tr><td></td><td class=\"c xc05 y37d8 wa51 h43f\"><div class=\"t m56 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws59d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc06 y37d8 wa52 h43f\"><div class=\"t m56 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws59d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xc07 y37d9 wa53 h43f\"><div class=\"t m56 x1fa h23b y367e ff2 fs5f fc14 sc0 ls2d1 ws59d\">Voci<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc08 y37d9 wa54 h43f\"><div class=\"t m56 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc09 y37d9 wa55 h43f\"><div class=\"t m56 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">31.<span class=\"_ _13\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xc07 y37da wa56 h43f\"><div class=\"t m56 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2dc ws5a4\">I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>rem<span class=\"_ _13\"></span>enti per a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ntonam<span class=\"_ _13\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc0a y37da wa57 h43f\"><div class=\"t m56 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">(110)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc0b y37da wa58 h43f\"><div class=\"t m56 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">(<span class=\"_ _0\"></span>480)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xc07 y37db wa59 h43f\"><div class=\"t m56 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">Altre variazion<span class=\"_ _1\"></span>i (eff<span class=\"_ _0\"></span>etto attuar<span class=\"_ _1\"></span>iale)<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc0c y37db wa5a h43f\"><div class=\"t m56 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">(<span class=\"_ _0\"></span>6)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xc07 y37dc wa5b h43f\"><div class=\"t m56 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d4 ws59b\">Rilasc<span class=\"_ _0\"></span>i per stralc<span class=\"_ _0\"></span>i o ridu<span class=\"_ _1\"></span>zioni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc0d y37dc wa5c h43f\"><div class=\"t m56 x1fa h23b y367e ff1 fs5f fc0 sc0 ls1 ws1\">3<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc0e y37dc wa5d h43f\"><div class=\"t m56 x1fa h23b y367e ff1 fs5f fc0 sc0 ls2d5 ws59c\">686<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xc07 y37dd wa51 h43f\"><div class=\"t m56 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d1 ws59d\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc0f y37dd wa5e h43f\"><div class=\"t m56 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">(<span class=\"_ _0\"></span>107)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc10 y37dd wa5f h43f\"><div class=\"t m56 x1fa h23b y367e ff2 fs5f fc0 sc0 ls2d2 ws599\">199<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws13d gs867\">Nella t<span class=\"_ _0\"></span>abella sopra e<span class=\"_ _0\"></span>sposta, gli <span class=\"_ _0\"></span>incrementi dell\u2019e<span class=\"_ _0\"></span>sercizio sono <span class=\"_ _0\"></span>principalmente r<span class=\"_ _0\"></span>iferiti a<span class=\"_ _0\"></span>d </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs868\">acca<span class=\"_ _1\"></span>ntona<span class=\"_ _1c\"></span>menti p<span class=\"_ _1c\"></span>er front<span class=\"_ _1\"></span>eggi<span class=\"_ _1\"></span>are p<span class=\"_ _1\"></span>otenz<span class=\"_ _1\"></span>iali<span class=\"_ _1\"></span> ver<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>e. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs869\">I \u201crilasci per stralc<span class=\"_ _0\"></span>i o rid<span class=\"_ _1\"></span>uzion<span class=\"_ _0\"></span>i\u201d<span class=\"ls1 ws1\"> <span class=\"_ _20\"> </span><span class=\"lsf wsb3\">deri<span class=\"_ _1\"></span>vano d<span class=\"_ _1\"></span>a i<span class=\"_ _1\"></span>mporti<span class=\"_ _1c\"></span> che e<span class=\"_ _1\"></span>rano<span class=\"_ _1\"></span> stati<span class=\"_ _1c\"></span> accant<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>ti neg<span class=\"_ _1\"></span>li a<span class=\"_ _1\"></span>nni </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs86a\">precedenti al fondo risch<span class=\"_ _0\"></span>i e rilasciati a conto economico per l\u2019importo eccedente le passivit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws85 gs86b\">effet<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vament<span class=\"_ _0\"></span>e sosten<span class=\"_ _0\"></span>ute.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs86c\">Per ulter<span class=\"_ _0\"></span>iori dettagli, si rima<span class=\"_ _0\"></span>nda alla \u201cParte B <span class=\"ls1 ws1\">-<span class=\"_ _0\"></span> <span class=\"_ _1c\"></span><span class=\"ls1c wsb5\">Sezione 1<span class=\"_ _1\"></span>0 <span class=\"ls1 ws1\">\u2013 <span class=\"lse ws104\">Fondi pe<span class=\"_ _0\"></span>r risch<span class=\"_ _0\"></span>i ed on<span class=\"_ _0\"></span>eri </span>- <span class=\"ls1d ws12f\">Voce 1<span class=\"_ _0\"></span>00\u201d </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs86d\">della presente<span class=\"_ _0\"></span> Nota integrativa consolidat<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-636": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs86f\">Sezione 11 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Re<span class=\"_ _0\"></span>ttifi<span class=\"_ _0\"></span>che/riprese<span class=\"_ _0\"></span> di valo<span class=\"_ _0\"></span>re ne<span class=\"_ _0\"></span>tte su atti<span class=\"_ _0\"></span>vit\u00e0 m<span class=\"_ _0\"></span>ateri<span class=\"_ _0\"></span>ali </span>\u2013 </span>Voce 160<span class=\"ff1 fs0 ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs870\">1<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> \u201cR<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>/r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>i v<span class=\"_ _13\"></span>alo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>iali\u201d<span class=\"ls1 ws1\"> </span></div><div class=\"gs871\"><table class=\"s wa3a h49d\" id=\"_5472c0d8-8722-4927-8848-1c909de12f47\"><tr><td></td><td></td><td class=\"c xbf1 y37d0 wa3b h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2dd ws5a6\">Ret<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>iche<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xbf2 y37d0 wa3c h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2de ws5a7\">Ris<span class=\"_ _1c\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> netto<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c xbf3 y37d1 wa3d h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2df ws5a8\">d<span class=\"_ _0\"></span>i va<span class=\"_ _0\"></span>lor<span class=\"_ _0\"></span>e p<span class=\"_ _13\"></span>er<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf4 y37d1 wa3e h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e0 ws5a9\">Rip<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf5 y37d1 wa3f h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e1 ws5aa\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37d2 wa40 h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2dd ws5ab\">Voci/R<span class=\"_ _1\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ifiche e<span class=\"_ _0\"></span> ripre<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> di valore<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf6 y37d2 wa41 h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e2 ws5ac\">Ammo<span class=\"_ _1c\"></span>rtame<span class=\"_ _1\"></span>nto<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf8 y37d2 wa42 h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e3 ws5ad\">d<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div><div class=\"t m57 xbf7 h23f y37cf ff2 fs61 fc0 sc0 ls2e3 ws5ad\">te<span class=\"_ _0\"></span>riorament<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbf9 y37d2 wa43 h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2df ws5a8\">di<span class=\"_ _0\"></span> val<span class=\"_ _0\"></span>ore<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y37d3 wa44 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">1.<span class=\"_ _b9\"> </span><span class=\"ls2e5 ws5ad\">A<span class=\"_ _0\"></span>d us<span class=\"_ _0\"></span>o f<span class=\"_ _0\"></span>unziona<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></span></div></td><td class=\"c xbfa y37d3 wa45 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(6.<span class=\"_ _0\"></span>837)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xbfb y37d3 wa46 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(6.<span class=\"_ _0\"></span>837)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xbfc y37d4 wa47 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e6 ws5b0\">- Di proprie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbfd y37d4 wa48 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(<span class=\"_ _0\"></span>616)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xbfe y37d4 wa49 h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(616)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xbfc y37d5 wa4a h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e6 ws5b0\">- Dirittti d'<span class=\"_ _1\"></span>uso ac<span class=\"_ _0\"></span>quisiti c<span class=\"_ _0\"></span>on il leasing<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbff y37d5 wa4b h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(<span class=\"_ _0\"></span>6.222)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc00 y37d5 wa4c h44f\"><div class=\"t m57 x1fa h23f y37cf ff1 fs61 fc0 sc0 ls2e4 ws5ae\">(6.222)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37d6 w1a5 h23e\"><div class=\"t m57 x24 h23f y1ff9 ff1 fs61 fc0 sc0 ls2e4 ws5ae\">2.<span class=\"_ _b9\"> </span><span class=\"ls2e6 ws5b0\">Detenute a sc<span class=\"_ _0\"></span>opo di in<span class=\"_ _1\"></span>vestim<span class=\"_ _0\"></span>ento<span class=\"_ _4ac\"> </span></span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c xc01 y37d7 wa4d h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2df ws5b1\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc02 y37d7 wa4e h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e1 ws5aa\">(<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>837)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc03 y37d7 wa4f h44f\"><div class=\"t m57 x1fa h23f y37cf ff2 fs61 fc0 sc0 ls2e1 ws5aa\">(6.<span class=\"_ _0\"></span>837)<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws261 gs872\">Nella sottovoce \u201c1. Ad uso fu<span class=\"_ _1\"></span>nzionale <span class=\"ls1 ws1\">- <span class=\"_ _19\"> </span><span class=\"ls30 ws1c6\">di<span class=\"_ _1\"></span> prop<span class=\"_ _1\"></span>riet\u00e0\u201d<span class=\"_ _1\"></span> sono<span class=\"_ _1\"></span> rico<span class=\"_ _1c\"></span>mpresi g<span class=\"_ _1\"></span>li a<span class=\"_ _1\"></span>mmor<span class=\"_ _1\"></span>tamen<span class=\"_ _1\"></span>ti </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs873\">dell\u2019eserc<span class=\"_ _0\"></span>izio inerenti le attivit\u00e0 mater<span class=\"_ _0\"></span>iali ad uso funzionale di propriet\u00e0 del Gruppo<span class=\"_ _0\"></span> Anima.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws56 gs874\">Nella sottovoce \u201c1. Ad uso funzionale <span class=\"ls1 ws1\">- <span class=\"_ _13\"></span><span class=\"ls0 ws54\">diritti d\u2019uso ac<span class=\"_ _0\"></span>quisiti con il le<span class=\"_ _0\"></span>asing\u201d sono ricom<span class=\"_ _0\"></span>presi gli </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs875\">ammortamenti dell\u2019<span class=\"_ _0\"></span>esercizio dei diritti d\u2019uso acquisit<span class=\"_ _0\"></span>i tramite contratti di locazione e noleggio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsaf gs876\">rientrant<span class=\"_ _0\"></span>i nel campo di applicazione del principio<span class=\"_ _0\"></span> contabile IFRS 16. In relazione a<span class=\"_ _0\"></span>i dettagli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs877\">informativ<span class=\"_ _0\"></span>i previsti dallo stesso<span class=\"_ _0\"></span> principio contabile si rinvia alla \u201cPar<span class=\"_ _0\"></span>te D <span class=\"ls1 ws1\">\u2013 <span class=\"_ _0\"></span><span class=\"ls30 ws6f\">Altre<span class=\"_ _1\"></span> Informa<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni <span class=\"ls1 ws1\">\u2013 </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws2a gs878\">Sezio<span class=\"_ _1\"></span>ne 7 <span class=\"ls1 ws1\">\u2013 <span class=\"lsf ws1f\">Info<span class=\"_ _1\"></span>rmati<span class=\"_ _1\"></span>va s<span class=\"_ _1\"></span>ul lea<span class=\"_ _1c\"></span>sing\u201d de<span class=\"_ _1\"></span>lla p<span class=\"_ _1c\"></span>resent<span class=\"_ _1\"></span>e Nota<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span>tegra<span class=\"_ _1\"></span>tiva <span class=\"_ _1\"></span>cons<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ata.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs87a\">Sezione 12 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Re<span class=\"_ _0\"></span>ttifi<span class=\"_ _0\"></span>che/riprese<span class=\"_ _0\"></span> di valo<span class=\"_ _0\"></span>re ne<span class=\"_ _0\"></span>tte su atti<span class=\"_ _0\"></span>vit\u00e0 i<span class=\"_ _0\"></span>mmate<span class=\"_ _0\"></span>riali<span class=\"_ _0\"></span> </span>\u2013 </span>Voce 170<span class=\"ff1 fs0 ls1 ws1\"> </span></div><div class=\"t m0 hf ff5 fs5 fc0 sc0 ls2 ws4 gs87b\">1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> \u201cR<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>/r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>i v<span class=\"_ _13\"></span>alo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 im<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>iali\u201d<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs87c\"><table class=\"s wa60 h49f\" id=\"_c9d62572-e6de-4a79-84aa-f63d56d07f59\"><tr><td></td><td></td><td class=\"c x405 y37de w1a6 h240\"><div class=\"t m58 x181 h241 y201e ff2 fs62 fc0 sc0 ls2e7 ws5b2\">Ret<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>iche<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c xc11 y37e0 wa61 h4a0\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2e8 ws5b3\">d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>ore<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r</div></td><td class=\"c xc12 y37e0 wa62 h4a0\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2e9 ws5b4\">Ripr<span class=\"_ _0\"></span>ese</div></td><td class=\"c xc13 y37e0 wa63 h4a0\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2ea ws5b5\">Ri<span class=\"_ _1c\"></span>sul<span class=\"_ _1\"></span>tato<span class=\"_ _1c\"></span> netto<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37e1 wa64 h4a0\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2e7 ws5b6\">Voci/R<span class=\"_ _1\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ifiche e<span class=\"_ _0\"></span> ripre<span class=\"_ _0\"></span>se d<span class=\"_ _0\"></span>i valore<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc14 y37e1 wa65 h4a0\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2eb ws5b7\">A<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>rta<span class=\"_ _1\"></span>mento<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc15 y37e2 w1a7 h242\"><div class=\"t m58 x3c h241 y2022 ff2 fs62 fc0 sc0 ls2ec ws5b8\">de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>riorament<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc16 y37e1 wa66 h4a0\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2e8 ws5b3\">d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>ore</div></td><td class=\"c xc17 y37e1 wa67 h4a0\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2ed ws5b9\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37e3 wa68 h4a0\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2e7 ws5b6\">1. At<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>\u00e0 imm<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>riali d<span class=\"_ _0\"></span>iverse d<span class=\"_ _0\"></span>all'avv<span class=\"_ _1\"></span>iam<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc18 y37e3 wa69 h4a0\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2ed ws5b9\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>354)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc19 y37e3 wa69 h4a0\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2ed ws5b9\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>354)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37e4 wa6a h475\"><div class=\"t m58 x1fa h241 y37df ff1 fs62 fc0 sc0 ls2ee ws5bb\">1.1 di propriet<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc1a y37e4 wa6b h475\"><div class=\"t m58 x1fa h241 y37df ff1 fs62 fc0 sc0 ls2ef ws5bc\">(44.<span class=\"_ _0\"></span>354)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc1b y37e4 wa6c h475\"><div class=\"t m58 x1fa h241 y37df ff1 fs62 fc0 sc0 ls2ef ws5bc\">(<span class=\"_ _0\"></span>44.354)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xc1c y37e5 wa6d h475\"><div class=\"t m58 x1fa h241 y37df ff1 fs62 fc0 sc0 ls2f0 ws5bd\">- generate inter<span class=\"_ _0\"></span>nament<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xc1d y37e5 wa6e h475\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xc1c y37e6 wa6f h475\"><div class=\"t m58 x1fa h241 y37df ff1 fs62 fc0 sc0 ls2f1 ws5be\">- altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc1e y37e6 wa70 h475\"><div class=\"t m58 x1fa h241 y37df ff1 fs62 fc0 sc0 ls2ef ws5bc\">(44.<span class=\"_ _0\"></span>354)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc1f y37e6 wa6b h475\"><div class=\"t m58 x1fa h241 y37df ff1 fs62 fc0 sc0 ls2ef ws5bc\">(<span class=\"_ _0\"></span>44.354)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37e7 wa71 h475\"><div class=\"t m58 x1fa h241 y37df ff1 fs62 fc0 sc0 ls2f1 ws5be\">1.<span class=\"_ _1\"></span>2 diritti d<span class=\"_ _1\"></span>'uso acquis<span class=\"_ _0\"></span>iti con il leasing<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xc1d y37e7 wa6e h475\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wa72 h475\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2e8 ws5bf\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc20 y345e wa73 h475\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2ed ws5b9\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>354)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc21 y345e wa74 h475\"><div class=\"t m58 x1fa h241 y37df ff2 fs62 fc0 sc0 ls2ed ws5b9\">(44.<span class=\"_ _0\"></span>354)<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs87d\">Nella tabe<span class=\"_ _0\"></span>lla sono rappresentati gli ammort<span class=\"_ _0\"></span>amenti delle attivit<span class=\"_ _0\"></span>\u00e0 immateriali, che comprendono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs87e\">principalmente<span class=\"_ _0\"></span> (i) gli ammortamenti dell\u2019eserciz<span class=\"_ _0\"></span>io riconducibili alle attivit\u00e0 int<span class=\"_ _0\"></span>angibili a vita utile </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf0 gs87f\">definit<span class=\"_ _0\"></span>a per circa Euro 42,2 <span class=\"_ _1\"></span>milio<span class=\"_ _0\"></span>ni e (ii) all\u2019ammortamento delle altre immobilizzazion<span class=\"_ _0\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs880\">imma<span class=\"_ _1\"></span>terial<span class=\"_ _1\"></span>i (sof<span class=\"_ _1c\"></span>tware) p<span class=\"_ _1c\"></span>er circa E<span class=\"_ _1\"></span>uro 2<span class=\"_ _1\"></span>,1 mil<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-637": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs882\">Sezione 13 <span class=\"ls1 ws1\">\u2013 <span class=\"ls24 wsd7\">Altri pr<span class=\"_ _1\"></span>ovent<span class=\"_ _1\"></span>i e oneri d<span class=\"_ _1\"></span>i ges<span class=\"_ _1\"></span>tione <span class=\"ls1 ws1\">- <span class=\"ls22 wsd8\">Voce 180 </span><span class=\"ff1 fs0\"> </span></span></span></span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs883\">1<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>po<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>li \u201cA<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>ro<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>ri d<span class=\"_ _0\"></span>i g<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d <span class=\"ls1 ws1\"> </span></div><div class=\"gs5ec\"><table class=\"s wa80 h4a2\" id=\"_3a976f97-fbdc-4ee9-b88a-1ca59381e14b\"><tr><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 x24 h245 y2050 ff2 fs63 fc0 sc0 ls2f8 ws5c7\">One<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc22 y37f0 wa76 h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc29 y37f0 wa81 h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 x24 h245 y2053 ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Oneri relativi ai p<span class=\"_ _1\"></span>rodotti gestiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 x118 h245 y2054 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(103)<span class=\"_ _35f\"></span><span class=\"ls1 ws5c8\">                               <span class=\"ws1\"> </span></span></div></td><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 xb3 h245 y2053 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(1.<span class=\"_ _0\"></span>909)<span class=\"_ _360\"></span><span class=\"ls1 ws5c8\">                            <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y37f1 wa82 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Minusvalenz<span class=\"_ _1\"></span>a alienaz<span class=\"_ _1c\"></span>ione c<span class=\"_ _0\"></span>espiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2a y37f1 wa83 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(1)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2b y37f1 wa84 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(209)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37f2 wa85 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f7 ws5c5\">O<span class=\"_ _0\"></span>neri vari<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2c y37f2 wa86 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(<span class=\"_ _0\"></span>1.146)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2d y37f2 wa87 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(1.126)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ee wa88 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Oneri per migliorie su beni d<span class=\"_ _1\"></span>i tezi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2e y37ee wa89 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(<span class=\"_ _0\"></span>237)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2f y37ee wa89 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(<span class=\"_ _0\"></span>287)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wa7d h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f2 ws5c0\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc30 y345e wa8a h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>487)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc31 y345e wa8b h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">(3.<span class=\"_ _13\"></span>531)<span class=\"_ _4ac\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-663": {
   "value": "Sezione 13 <span class=\"ls1 ws1\">\u2013 <span class=\"ls24 wsd7\">Altri pr<span class=\"_ _1\"></span>ovent<span class=\"_ _1\"></span>i e oneri d<span class=\"_ _1\"></span>i ges<span class=\"_ _1\"></span>tione <span class=\"ls1 ws1\">- <span class=\"ls22 wsd8\">Voce 180 </span><span class=\"ff1 fs0\"> </span></span></span></span>1<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>po<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>li \u201cA<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>ro<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>ri d<span class=\"_ _0\"></span>i g<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d <span class=\"ls1 ws1\"> </span><table class=\"s wa75 h4a1\" id=\"_6326a0c6-7962-47d4-ae99-e2f80c2777b6\"><tr><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x24 h245 y2042 ff2 fs63 fc0 sc0 ls2f2 ws5c0\">P<span class=\"_ _0\"></span>rove<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc22 y37ea wa76 h484\"><div class=\"t m59 x1fa h245 y37e9 ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc23 y37ea wa77 h484\"><div class=\"t m59 x1fa h245 y37e9 ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ec wa78 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Proventi var<span class=\"_ _1\"></span>i relativi ai prod<span class=\"_ _1\"></span>otti gestiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc24 y37ec wa79 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">40<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x92 h245 y2046 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">1.892<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ed wa7a h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Recuper<span class=\"_ _1\"></span>o s<span class=\"_ _0\"></span>pese da contratti di sublocazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc25 y37ed wa79 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">74<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x4a h245 y2048 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">55<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x24 h245 y2049 ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Proventi p<span class=\"_ _1\"></span>er crediti d'<span class=\"_ _1\"></span>im<span class=\"_ _0\"></span>posta vari<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x15d h245 y204a ff1 fs63 fc0 sc0 ls2f5 ws5c3\">131<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x24 h245 y204b ff1 fs63 fc0 sc0 ls2f6 ws5c4\">Provento da consolidam<span class=\"_ _0\"></span>ento Kair<span class=\"_ _1\"></span>os<span class=\"_ _0\"></span> SG<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 xb3 h245 y204c ff1 fs63 fc0 sc0 ls2f5 ws5c3\">10.826<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ee wa7b h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f7 ws5c5\">Proventi va<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc26 y37ee wa7c h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">37.116<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x92 h245 y204e ff1 fs63 fc0 sc0 ls2f5 ws5c3\">3.228<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wa7d h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f2 ws5c0\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc27 y345e wa7e h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">37.<span class=\"_ _13\"></span>231<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc28 y345e wa7f h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">16.<span class=\"_ _0\"></span>132<span class=\"_ _4ac\"> </span></div></td></tr></table><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws143 gs886\">La so<span class=\"_ _1\"></span>ttovoc<span class=\"_ _1c\"></span>e \u201cProve<span class=\"_ _1\"></span>nti <span class=\"ls1 ws1\">- <span class=\"_ _1f\"> </span><span class=\"ls0 ws189\">Provent<span class=\"_ _0\"></span>i vari\u201d accoglie in par<span class=\"_ _0\"></span>ticolare (i) il pro<span class=\"_ _0\"></span>vento riveniente </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7d gs887\">dall\u2019indenn<span class=\"_ _0\"></span>izzo complessivo riconosciut<span class=\"_ _0\"></span>o al Gruppo Anima con riferimento agli accordi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsc3 gs888\">sott<span class=\"_ _1\"></span>oscrit<span class=\"_ _1\"></span>ti, d<span class=\"_ _1\"></span>a ulti<span class=\"_ _1c\"></span>mo nel c<span class=\"_ _1\"></span>orso d<span class=\"_ _1\"></span>el 20<span class=\"_ _1\"></span>20, co<span class=\"_ _1c\"></span>n il grup<span class=\"_ _1\"></span>po Ba<span class=\"_ _1\"></span>nco <span class=\"_ _1\"></span>BPM e <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>elato<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls2f ws8b\">a de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>i </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws84 gs889\">risul<span class=\"_ _1\"></span>tati p<span class=\"_ _1c\"></span>er il peri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>al 1\u00b0 g<span class=\"_ _1\"></span>ennaio <span class=\"_ _1\"></span>2020 al<span class=\"_ _1\"></span> 28 feb<span class=\"_ _1\"></span>brai<span class=\"_ _1\"></span>o 202<span class=\"_ _1\"></span>5, val<span class=\"_ _1\"></span>orizz<span class=\"_ _1\"></span>ato per c<span class=\"_ _1\"></span>irca E<span class=\"_ _1c\"></span>uro 31,8<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs88a\">milioni (per m<span class=\"_ _0\"></span>aggiori dettagli, si rimanda al Capitolo XXII del Prospetto<span class=\"_ _0\"></span> Informativo pubblicato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs88b\">in data 23 marzo 2018 relativo all\u2019aumento di <span class=\"ls30 ws5a\">capi<span class=\"_ _1\"></span>tale e a<span class=\"_ _1\"></span>l d<span class=\"_ _1\"></span>ocume<span class=\"_ _1\"></span>nto i<span class=\"_ _1c\"></span>nformati<span class=\"_ _1\"></span>vo rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vo a<span class=\"_ _1\"></span>d </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gs88c\">operazioni di maggiore<span class=\"_ _0\"></span> rilevanza con parti correlate<span class=\"_ _0\"></span> pubblicato in data 21 maggio 2020, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs88d\">disponibile<span class=\"_ _0\"></span> sul sito della Societ\u00e0) e<span class=\"_ _0\"></span> (ii) il provento str<span class=\"_ _0\"></span>aordinario registr<span class=\"_ _0\"></span>ato da Anima Holding per </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs88e\">un indennizzo relativ<span class=\"_ _0\"></span>o ad accordi di partnership in<span class=\"_ _0\"></span> essere, pari a circa Euro 1,9 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-682": {
   "value": "Sezione 13 <span class=\"ls1 ws1\">\u2013 <span class=\"ls24 wsd7\">Altri pr<span class=\"_ _1\"></span>ovent<span class=\"_ _1\"></span>i e oneri d<span class=\"_ _1\"></span>i ges<span class=\"_ _1\"></span>tione <span class=\"ls1 ws1\">- <span class=\"ls22 wsd8\">Voce 180 </span><span class=\"ff1 fs0\"> </span></span></span></span>1<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>po<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>li \u201cA<span class=\"_ _13\"></span>lt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>ro<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i e<span class=\"_ _13\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>ri d<span class=\"_ _0\"></span>i g<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>\u201d <span class=\"ls1 ws1\"> </span><table class=\"s wa75 h4a1\" id=\"_6326a0c6-7962-47d4-ae99-e2f80c2777b6\"><tr><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x24 h245 y2042 ff2 fs63 fc0 sc0 ls2f2 ws5c0\">P<span class=\"_ _0\"></span>rove<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc22 y37ea wa76 h484\"><div class=\"t m59 x1fa h245 y37e9 ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc23 y37ea wa77 h484\"><div class=\"t m59 x1fa h245 y37e9 ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ec wa78 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Proventi var<span class=\"_ _1\"></span>i relativi ai prod<span class=\"_ _1\"></span>otti gestiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc24 y37ec wa79 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">40<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x92 h245 y2046 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">1.892<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ed wa7a h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Recuper<span class=\"_ _1\"></span>o s<span class=\"_ _0\"></span>pese da contratti di sublocazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc25 y37ed wa79 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">74<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x4a h245 y2048 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">55<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x24 h245 y2049 ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Proventi p<span class=\"_ _1\"></span>er crediti d'<span class=\"_ _1\"></span>im<span class=\"_ _0\"></span>posta vari<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x15d h245 y204a ff1 fs63 fc0 sc0 ls2f5 ws5c3\">131<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x24 h245 y204b ff1 fs63 fc0 sc0 ls2f6 ws5c4\">Provento da consolidam<span class=\"_ _0\"></span>ento Kair<span class=\"_ _1\"></span>os<span class=\"_ _0\"></span> SG<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 xb3 h245 y204c ff1 fs63 fc0 sc0 ls2f5 ws5c3\">10.826<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ee wa7b h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f7 ws5c5\">Proventi va<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc26 y37ee wa7c h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">37.116<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37e8 w1a8 h244\"><div class=\"t m59 x92 h245 y204e ff1 fs63 fc0 sc0 ls2f5 ws5c3\">3.228<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wa7d h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f2 ws5c0\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc27 y345e wa7e h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">37.<span class=\"_ _13\"></span>231<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc28 y345e wa7f h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">16.<span class=\"_ _0\"></span>132<span class=\"_ _4ac\"> </span></div></td></tr></table><table class=\"s wa80 h4a2\" id=\"_3a976f97-fbdc-4ee9-b88a-1ca59381e14b\"><tr><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 x24 h245 y2050 ff2 fs63 fc0 sc0 ls2f8 ws5c7\">One<span class=\"_ _0\"></span>ri<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc22 y37f0 wa76 h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc29 y37f0 wa81 h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c1\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 x24 h245 y2053 ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Oneri relativi ai p<span class=\"_ _1\"></span>rodotti gestiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 x118 h245 y2054 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(103)<span class=\"_ _35f\"></span><span class=\"ls1 ws5c8\">                               <span class=\"ws1\"> </span></span></div></td><td class=\"c x405 y37ef w1a8 h244\"><div class=\"t m59 xb3 h245 y2053 ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(1.<span class=\"_ _0\"></span>909)<span class=\"_ _360\"></span><span class=\"ls1 ws5c8\">                            <span class=\"ws1\"> </span></span></div></td></tr><tr><td class=\"c x212 y37f1 wa82 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Minusvalenz<span class=\"_ _1\"></span>a alienaz<span class=\"_ _1c\"></span>ione c<span class=\"_ _0\"></span>espiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2a y37f1 wa83 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(1)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2b y37f1 wa84 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(209)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37f2 wa85 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f7 ws5c5\">O<span class=\"_ _0\"></span>neri vari<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2c y37f2 wa86 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(<span class=\"_ _0\"></span>1.146)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2d y37f2 wa87 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(1.126)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37ee wa88 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f4 ws5c2\">Oneri per migliorie su beni d<span class=\"_ _1\"></span>i tezi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2e y37ee wa89 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(<span class=\"_ _0\"></span>237)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc2f y37ee wa89 h484\"><div class=\"t m59 x1fa h245 y37eb ff1 fs63 fc0 sc0 ls2f5 ws5c3\">(<span class=\"_ _0\"></span>287)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wa7d h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f2 ws5c0\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc30 y345e wa8a h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>487)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc31 y345e wa8b h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">(3.<span class=\"_ _13\"></span>531)<span class=\"_ _4ac\"> </span></div></td></tr></table><table class=\"s wa8c h4a3\" id=\"_b627651d-a73e-4bca-85f0-08a7ef6cd010\"><tr><td class=\"c xc33 y37f3 wa8d h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f9 ws5c9\">To<span class=\"_ _1\"></span>tal<span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>etto<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc34 y37f3 wa7f h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">35.<span class=\"_ _0\"></span>744<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc35 y37f3 wa8e h484\"><div class=\"t m59 x1fa h245 y37eb ff2 fs63 fc0 sc0 ls2f3 ws5c6\">12.601<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"t m0 xc36 h1b y37f4 ff1 fsc fc0 sc0 ls53 ws15e\">(*) Dati re<span class=\"_ _1\"></span>stated <span class=\"_ _1\"></span>per effetto<span class=\"_ _1\"></span> della PPA d<span class=\"_ _1\"></span>i Kairo<span class=\"_ _1\"></span>s SGR e de<span class=\"_ _1\"></span>lla PPA rileva<span class=\"_ _1\"></span>ta da Vita S<span class=\"_ _1\"></span>rl, si rin<span class=\"_ _1c\"></span>via a quanto espos<span class=\"_ _1\"></span>to nella N<span class=\"_ _1\"></span>ota<span class=\"ls1 ws1\"> </span>integr<span class=\"_ _1\"></span>ativa <span class=\"_ _1\"></span>consolida<span class=\"_ _1\"></span>ta, Parte A <span class=\"ls1 ws1\">- </span>P<span class=\"_ _1\"></span>olitic<span class=\"_ _1\"></span>he Contabi<span class=\"_ _1\"></span>li, </td><td></td><td></td></tr><tr><td class=\"t m0 xc36 h1b y37f5 ff1 fsc fc0 sc0 ls53 ws15e\">Altre Info<span class=\"_ _1\"></span>rmazion<span class=\"_ _1\"></span>i paragr<span class=\"_ _1\"></span>afo \"Restate<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>ent B<span class=\"_ _1\"></span>ilancio 202<span class=\"_ _1\"></span>4\"<span class=\"ls1 ws1\"> </span></td><td></td><td></td></tr></table>La so<span class=\"_ _1\"></span>ttovoc<span class=\"_ _1c\"></span>e \u201cProve<span class=\"_ _1\"></span>nti <span class=\"ls1 ws1\">- <span class=\"_ _1f\"> </span><span class=\"ls0 ws189\">Provent<span class=\"_ _0\"></span>i vari\u201d accoglie in par<span class=\"_ _0\"></span>ticolare (i) il pro<span class=\"_ _0\"></span>vento riveniente </span></span>dall\u2019indenn<span class=\"_ _0\"></span>izzo complessivo riconosciut<span class=\"_ _0\"></span>o al Gruppo Anima con riferimento agli accordi sott<span class=\"_ _1\"></span>oscrit<span class=\"_ _1\"></span>ti, d<span class=\"_ _1\"></span>a ulti<span class=\"_ _1c\"></span>mo nel c<span class=\"_ _1\"></span>orso d<span class=\"_ _1\"></span>el 20<span class=\"_ _1\"></span>20, co<span class=\"_ _1c\"></span>n il grup<span class=\"_ _1\"></span>po Ba<span class=\"_ _1\"></span>nco <span class=\"_ _1\"></span>BPM e <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>elato<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls2f ws8b\">a de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>inat<span class=\"_ _0\"></span>i </span></span>risul<span class=\"_ _1\"></span>tati p<span class=\"_ _1c\"></span>er il peri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>al 1\u00b0 g<span class=\"_ _1\"></span>ennaio <span class=\"_ _1\"></span>2020 al<span class=\"_ _1\"></span> 28 feb<span class=\"_ _1\"></span>brai<span class=\"_ _1\"></span>o 202<span class=\"_ _1\"></span>5, val<span class=\"_ _1\"></span>orizz<span class=\"_ _1\"></span>ato per c<span class=\"_ _1\"></span>irca E<span class=\"_ _1c\"></span>uro 31,8<span class=\"_ _1c\"></span> milioni (per m<span class=\"_ _0\"></span>aggiori dettagli, si rimanda al Capitolo XXII del Prospetto<span class=\"_ _0\"></span> Informativo pubblicato in data 23 marzo 2018 relativo all\u2019aumento di <span class=\"ls30 ws5a\">capi<span class=\"_ _1\"></span>tale e a<span class=\"_ _1\"></span>l d<span class=\"_ _1\"></span>ocume<span class=\"_ _1\"></span>nto i<span class=\"_ _1c\"></span>nformati<span class=\"_ _1\"></span>vo rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vo a<span class=\"_ _1\"></span>d </span>operazioni di maggiore<span class=\"_ _0\"></span> rilevanza con parti correlate<span class=\"_ _0\"></span> pubblicato in data 21 maggio 2020, disponibile<span class=\"_ _0\"></span> sul sito della Societ\u00e0) e<span class=\"_ _0\"></span> (ii) il provento str<span class=\"_ _0\"></span>aordinario registr<span class=\"_ _0\"></span>ato da Anima Holding per un indennizzo relativ<span class=\"_ _0\"></span>o ad accordi di partnership in<span class=\"_ _0\"></span> essere, pari a circa Euro 1,9 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-37": {
   "value": "Sezione 18 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">Imp<span class=\"_ _0\"></span>oste su<span class=\"_ _0\"></span>l reddi<span class=\"_ _0\"></span>to dell<span class=\"_ _0\"></span>\u2019eserciz<span class=\"_ _0\"></span>io del<span class=\"_ _0\"></span>l\u2019o<span class=\"_ _0\"></span>perativi<span class=\"_ _0\"></span>t\u00e0 corren<span class=\"_ _0\"></span>te </span>- <span class=\"ls44 wscd\">Voce </span></span>250 <span class=\"ff1 fs0 ls1 ws1\"> </span>1<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>po<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> \u201cIm<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ll\u2019e<span class=\"_ _11\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>rc<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ll\u2019o<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>rat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>\u201d <span class=\"ls1 ws1\"> </span><table class=\"s wa8f h4a4\" id=\"_7068bc10-2f6f-4e9d-a460-c1924d54c222\"><tr><td class=\"c x405 y37f6 w16e h249\"><div class=\"t m5a x24 h24a y2080 ff2 fs64 fc0 sc0 ls2fa ws5cb\">Voci<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc37 y37f7 wa90 h484\"><div class=\"t m5a x1fa h24a y35b9 ff2 fs64 fc0 sc0 ls2fb ws5cc\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _13\"></span>2025</div></td><td class=\"c xc38 y37f7 wa91 h484\"><div class=\"t m5a x1fa h24a y35b9 ff2 fs64 fc0 sc0 ls2fb ws5cc\">T<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37f8 wa92 h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fc ws5cd\">1. Im<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>orrenti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc39 y37f8 wa93 h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fd ws5ce\">(122.092)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc3a y37f8 wa93 h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fd ws5ce\">(119.402)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37f9 wa94 h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fe ws5d0\">2.<span class=\"_ _1\"></span> Variazioni d<span class=\"_ _1\"></span>elle imposte c<span class=\"_ _0\"></span>orrenti d<span class=\"_ _1\"></span>ei preceden<span class=\"_ _1\"></span>ti eserc<span class=\"_ _0\"></span>izi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc3b y37f9 wa95 h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fd ws5ce\">181<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc3c y37f9 wa96 h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fd ws5ce\">147<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y37fa wa97 h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fe ws5d0\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m5a xc3d h24a y35b9 ff1 fs64 fc0 sc0 ls2fe ws5d0\">Variazion<span class=\"_ _1\"></span>i delle imposte anticipate<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc3e y37fa wa95 h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fd ws5ce\">150<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc3f y37fa wa98 h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fd ws5ce\">17.246<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37f6 w16e h249\"><div class=\"t m5a x24 h24a y2087 ff1 fs64 fc0 sc0 ls2fe ws5d0\">di cui relative a p<span class=\"_ _1\"></span>recedenti esercizi<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y37fb wa99 h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fe ws5d0\">5.<span class=\"_ _1\"></span> Variazioni d<span class=\"_ _1\"></span>elle imposte diff<span class=\"_ _0\"></span>erite<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc40 y37fb wa9a h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fd ws5ce\">6.601<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc41 y37fb wa9a h484\"><div class=\"t m5a x1fa h24a y35b9 ff1 fs64 fc0 sc0 ls2fd ws5ce\">8.097<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y37f6 w16e h249\"><div class=\"t m5a x24 h24a y2089 ff1 fs64 fc0 sc0 ls2fe ws5d0\">di cui relative a p<span class=\"_ _1\"></span>recedenti esercizi<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y345e wa9b h484\"><div class=\"t m5a x1fa h24a y35b9 ff2 fs64 fc0 sc0 ls2ff ws5d1\">Imp<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ste di co<span class=\"_ _1c\"></span>mp<span class=\"_ _0\"></span>etenza del<span class=\"_ _1\"></span>l'<span class=\"_ _1\"></span>eserc<span class=\"_ _1c\"></span>izio<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc42 y345e wa9c h484\"><div class=\"t m5a x1fa h24a y35b9 ff2 fs64 fc0 sc0 ls2fb ws5d2\">(<span class=\"_ _0\"></span>115.<span class=\"_ _0\"></span>161)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc43 y345e wa9d h484\"><div class=\"t m5a x1fa h24a y35b9 ff2 fs64 fc0 sc0 ls2fb ws5d2\">(<span class=\"_ _0\"></span>93.<span class=\"_ _0\"></span>912)<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) Dati re<span class=\"_ _1\"></span>stated <span class=\"_ _1\"></span>per effetto<span class=\"_ _1\"></span> della PPA d<span class=\"_ _1\"></span>i Kairo<span class=\"_ _1\"></span>s SGR e de<span class=\"_ _1\"></span>lla PPA rileva<span class=\"_ _1\"></span>ta da Vita S<span class=\"_ _1\"></span>rl, si rin<span class=\"_ _1c\"></span>via a quanto espos<span class=\"_ _1\"></span>to nella N<span class=\"_ _1\"></span>ota<span class=\"ls1 ws1\"> </span>integr<span class=\"_ _1\"></span>ativa <span class=\"_ _1\"></span>consolida<span class=\"_ _1\"></span>ta, Parte A <span class=\"ls1 ws1\">- </span>P<span class=\"_ _1\"></span>olitic<span class=\"_ _1\"></span>he Contabi<span class=\"_ _1\"></span>li, Altre <span class=\"ws4ee\">Info<span class=\"_ _1\"></span>rmazion<span class=\"_ _1\"></span>i paragrafo<span class=\"_ _1\"></span> \"Restatement Bila<span class=\"_ _1\"></span>ncio 2024\"<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span>Nell<span class=\"_ _1\"></span>a sott<span class=\"_ _1\"></span>ovoce \u201cI<span class=\"_ _1c\"></span>mposte c<span class=\"_ _1\"></span>orren<span class=\"_ _1\"></span>ti\u201d, pa<span class=\"_ _1\"></span>ri a c<span class=\"_ _1\"></span>irca Eu<span class=\"_ _1\"></span>ro 122,<span class=\"_ _1\"></span>1 mil<span class=\"_ _1\"></span>ioni, s<span class=\"_ _1\"></span>ono ric<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>rese principalmente<span class=\"_ _0\"></span> (i) l\u2019imposta IRES di competen<span class=\"_ _0\"></span>za del periodo per circ<span class=\"_ _0\"></span>a Euro 92,1 milioni, (ii) l\u2019<span class=\"_ _0\"></span>IRAP di competenza di c<span class=\"_ _0\"></span>iascuna societ\u00e0 del Gruppo per circa Euro 30 milioni<span class=\"ls1 ws1\">. </span>La sottovoce \u201c5.<span class=\"_ _0\"></span> Variazion<span class=\"_ _0\"></span>i delle imposte differite\u201d \u00e8<span class=\"_ _0\"></span> costituita (i) dallo<span class=\"_ _0\"></span> scarico delle im<span class=\"_ _0\"></span>poste differite de<span class=\"_ _0\"></span>ll\u2019esercizio correlate princ<span class=\"_ _0\"></span>ipalmente agli intangibili a vita utile definit<span class=\"_ _0\"></span>a <span class=\"ws77\">individuati nei </span>process<span class=\"_ _0\"></span>i di PPA per circa Euro 8,2 milioni al netto (ii) delle rilevaz<span class=\"_ _0\"></span>ione di maggiori imposte differite su t<span class=\"_ _0\"></span>aluni intangibili a vit<span class=\"_ _0\"></span>a utile definit<span class=\"_ _0\"></span>a a seguito della variazion<span class=\"_ _0\"></span>e di 2 punti % dell\u2019aliquot<span class=\"_ _0\"></span>a Irap per il tr<span class=\"_ _0\"></span>iennio 2026<span class=\"ls1 ws1\">-<span class=\"ls1c ws9d\">28 previs<span class=\"_ _1c\"></span>to<span class=\"ls1 ws1\"> </span>da<span class=\"_ _1\"></span>lla Legg<span class=\"_ _1\"></span>e 199/2<span class=\"_ _1\"></span>025 <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls1c ws9d\">Legge di Bi<span class=\"_ _1\"></span>lanci<span class=\"_ _1\"></span>o 2026<span class=\"_ _1\"></span>, </span></span></span></span>per cir<span class=\"_ _0\"></span>ca Euro 1,<span class=\"_ _0\"></span>6 milioni.<span class=\"ls1 ws1\"> </span>Il rapporto<span class=\"_ _0\"></span> tra la voce \u201c250. Imposte sul reddito dell\u2019<span class=\"_ _0\"></span>esercizio dell\u2019o<span class=\"_ _0\"></span>perativit\u00e0 corrente\u201d e la voce \u201c240. Utile<span class=\"_ _0\"></span> (perdita) dell\u2019at<span class=\"_ _0\"></span>tivit\u00e0 corrente<span class=\"_ _0\"></span> al lordo delle<span class=\"_ _0\"></span> imposte\u201d \u00e8 di circ<span class=\"_ _0\"></span>a il 30,2% (c<span class=\"_ _0\"></span>irca il 29,0% sul dato re<span class=\"_ _1\"></span>stat<span class=\"_ _1\"></span>ed al 31 dicemb<span class=\"_ _1c\"></span>re 2024).<span class=\"ls1 ws1\"> </span>1<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> R<span class=\"_ _13\"></span>ico<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>iliazio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> tr<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>re<span class=\"_ _11\"></span> fis<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span> te<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>ric<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> e<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>re<span class=\"_ _13\"></span> f<span class=\"_ _0\"></span>is<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span> e<span class=\"_ _13\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> di b<span class=\"_ _0\"></span>ilan<span class=\"_ _13\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> </span>Dati rifer<span class=\"_ _0\"></span>iti al 31 dicembre 2025<span class=\"ls1 ws1\"> </span><table class=\"s wa9e h4a5\" id=\"_2796ad68-ec20-4fb4-be89-3ffa263f9d64\"><tr><td></td><td></td><td class=\"c xc44 y37fd wa9f h4a6\"><div class=\"t m5b x1fa h24d y37fc ff2 fs65 fc0 sc0 ls300 ws5d3\">IRES<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc45 y37fd waa0 h4a6\"><div class=\"t m5b x1fa h24d y37fc ff2 fs65 fc0 sc0 ls300 ws5d3\">IRA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x405 y37fe w1a9 h24c\"><div class=\"t m5b x24 h24d y209b ff1 fs65 fc0 sc0 ls301 ws5d6\">Utile prima delle impos<span class=\"_ _0\"></span>te<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc46 y37ff waa1 h4a6\"><div class=\"t m5b x1fa h24d y37fc ff1 fs65 fc0 sc0 ls301 ws5d4\">Im<span class=\"_ _0\"></span>ponibile<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc47 y37ff waa2 h4a6\"><div class=\"t m5b x1fa h24d y37fc ff1 fs65 fc0 sc0 ls302 ws5d5\">I<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc48 y37ff waa3 h4a6\"><div class=\"t m5b x1fa h24d y37fc ff1 fs65 fc0 sc0 ls301 ws5d4\">I<span class=\"_ _0\"></span>mponibile</div></td><td class=\"c xc49 y37ff waa4 h4a6\"><div class=\"t m5b x1fa h24d y37fc ff1 fs65 fc0 sc0 ls302 ws5d5\">I<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ta<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3800 waa5 h4a6\"><div class=\"t m5b x1fa h24d y37fc ff1 fs65 fc0 sc0 ls301 ws5d6\">Utile prima delle impos<span class=\"_ _0\"></span>te rilevan<span class=\"_ _1\"></span>te ai fini IRES<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc4a y3800 waa6 h4a6\"><div class=\"t m5b x1fa h24d y37fc ff1 fs65 fc0 sc0 ls303 ws5d7\">382.<span class=\"_ _0\"></span>338<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3802 waa7 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls304 ws5d8\">O<span class=\"_ _0\"></span>nere fis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e teoric<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>RES<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc4b y3802 waa8 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">168.914<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3803 waa9 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls301 ws5d6\">Aliquota fis<span class=\"_ _0\"></span>cale teorica I<span class=\"_ _0\"></span>RES<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc4c y3803 waaa h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">24,00%<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3804 waab h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls301 ws5d6\">Dif<span class=\"_ _0\"></span>ferenz<span class=\"_ _1\"></span>a tra valore e costo della produz<span class=\"_ _1c\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc4d y3804 waac h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">580.733<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3805 waad h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls304 ws5d8\">O<span class=\"_ _0\"></span>nere fis<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e teoric<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>RA<span class=\"_ _0\"></span>P<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xc4e y3805 waae h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">32.334<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3806 waaf h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls301 ws5d6\">Aliquota fis<span class=\"_ _0\"></span>cale teorica I<span class=\"_ _0\"></span>RAP<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xc4f y3806 wab0 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">5,57%<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3807 wab1 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls301 ws5d6\">Dif<span class=\"_ _0\"></span>ferenz<span class=\"_ _1\"></span>e tass<span class=\"_ _0\"></span>abili - bilan<span class=\"_ _1\"></span>ci individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc50 y3807 wab2 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">27.451<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc51 y3807 wab3 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">6.588<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc52 y3807 wab4 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">162.<span class=\"_ _0\"></span>265<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc53 y3807 wab5 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">9.038<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3808 wab6 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls301 ws5d6\">Dif<span class=\"_ _0\"></span>ferenz<span class=\"_ _1\"></span>e dedu<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ibili  -<span class=\"_ _1\"></span> bilanci individuali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc54 y3808 wab7 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">(347.480)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc55 y3808 wab8 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">(<span class=\"_ _0\"></span>83.395)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc56 y3808 wab9 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">(<span class=\"_ _0\"></span>203.793)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc57 y3808 waba h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">(<span class=\"_ _0\"></span>11.351)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3809 w1aa h24e\"><div class=\"t m5b x24 h24d y20a5 ff1 fs65 fc0 sc0 ls301 ws5d6\">Dif<span class=\"_ _0\"></span>ferenz<span class=\"_ _1\"></span>e dedu<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ibili/tassabili  - bilan<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>io cons<span class=\"_ _0\"></span>oli<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc58 y380a waac h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">321.472<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc59 y380a wabb h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y380b wabc h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls301 ws5d6\">Im<span class=\"_ _0\"></span>ponibile IRES<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc5a y380b waa8 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">383.632<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y380c wabd h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls301 ws5d6\">IRES c<span class=\"_ _0\"></span>orrente<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>ul red<span class=\"_ _1\"></span>dito dell'<span class=\"_ _1\"></span>eserc<span class=\"_ _0\"></span>izio<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc5b y380c wab2 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">92.072<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y380d wabe h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls301 ws5d6\">Im<span class=\"_ _0\"></span>ponibile IRAP<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc5c y380d wabf h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">539.205<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y380e waaf h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls304 ws5d8\">I<span class=\"_ _0\"></span>RAP c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rente per l'es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>izio<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xc5d y380e wac0 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls303 ws5d7\">30.020<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y34df wac1 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls301 ws5d6\">Im<span class=\"_ _0\"></span>poste Soc<span class=\"_ _0\"></span>iet\u00e0 Estere<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xc5e y34df wabb h4a7\"><div class=\"t m5b x1fa h24d y3801 ff1 fs65 fc0 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wac2 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff2 fs65 fc0 sc0 ls305 ws5d9\">Onere<span class=\"_ _0\"></span> fiscale<span class=\"_ _0\"></span> rilevato<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc5f y345e wac3 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff2 fs65 fc0 sc0 ls306 ws5da\">92.<span class=\"_ _0\"></span>072<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc60 y345e wac4 h4a7\"><div class=\"t m5b x1fa h24d y3801 ff2 fs65 fc0 sc0 ls306 ws5da\">30.<span class=\"_ _0\"></span>020<span class=\"_ _4ac\"> </span></div></td></tr></table>Dati rifer<span class=\"_ _0\"></span>iti al 31 dicembre 2024<span class=\"ls1 ws1\"> </span><table class=\"s wac5 h4a8\" id=\"_e1dbb23a-4e21-4ba3-850f-a3e61ad6a480\"><tr><td></td><td></td><td class=\"c xc61 y3810 wac6 h431\"><div class=\"t m5c x1fa h250 y380f ffc fs66 fc0 sc0 ls307 ws5db\">IRES<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc62 y3810 wac7 h431\"><div class=\"t m5c x1fa h250 y380f ffc fs66 fc0 sc0 ls307 ws5db\">IRAP<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c xc63 y3812 wac8 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls308 ws5dc\">Imp<span class=\"_ _1c\"></span>on<span class=\"_ _1\"></span>ibile<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc64 y3812 wac9 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls309 ws5dd\">I<span class=\"_ _13\"></span>mpos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a</div></td><td class=\"c xc65 y3812 waca h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls308 ws5dc\">I<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>po<span class=\"_ _1c\"></span>nib<span class=\"_ _1c\"></span>ile<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc66 y3812 wacb h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls309 ws5dd\">I<span class=\"_ _0\"></span>mpos<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3813 w1ab h24f\"><div class=\"t m5c x24 h251 y20b0 ffa fs66 fc0 sc0 ls308 ws5de\">Utile pr<span class=\"_ _1\"></span>ima d<span class=\"_ _1c\"></span>elle imp<span class=\"_ _1\"></span>oste<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3814 wacc h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls308 ws5de\">Utile pr<span class=\"_ _1\"></span>ima d<span class=\"_ _1c\"></span>elle imp<span class=\"_ _1\"></span>oste rilevante ai fin<span class=\"_ _1\"></span>i IR<span class=\"_ _0\"></span>ES<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc67 y3814 wacd h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">321.803<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3815 wace h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30b ws5e0\">On<span class=\"_ _1\"></span>ere fiscale t<span class=\"_ _0\"></span>eo<span class=\"_ _1\"></span>rico<span class=\"_ _1\"></span> IR<span class=\"_ _0\"></span>ES<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc68 y3815 wacf h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">130.938<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3816 wad0 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls308 ws5de\">Aliq<span class=\"_ _1c\"></span>uo<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>a fiscale t<span class=\"_ _0\"></span>eor<span class=\"_ _1c\"></span>ica<span class=\"_ _0\"></span> IRE<span class=\"_ _0\"></span>S<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc69 y3816 wad1 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">24,00%<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y3817 wad2 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls309 ws5e1\">Di<span class=\"_ _0\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>a<span class=\"_ _13\"></span>lor<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> cos<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>la<span class=\"_ _13\"></span> produz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc6a y3817 wad3 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">543.<span class=\"_ _1\"></span>949<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3818 wad4 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30b ws5e0\">On<span class=\"_ _1\"></span>ere fiscale t<span class=\"_ _0\"></span>eo<span class=\"_ _1\"></span>rico<span class=\"_ _1\"></span> IR<span class=\"_ _0\"></span>AP<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xc6b y3818 wad5 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">30.<span class=\"_ _1\"></span>298<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3819 wad6 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls308 ws5de\">Aliq<span class=\"_ _1c\"></span>uo<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>a fiscale t<span class=\"_ _0\"></span>eor<span class=\"_ _1c\"></span>ica<span class=\"_ _0\"></span> IRAP<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xc6c y3819 wad7 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">5,<span class=\"_ _1\"></span>57%<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y381a wad8 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls308 ws5de\">Dif<span class=\"_ _1c\"></span>feren<span class=\"_ _1\"></span>ze ta<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>abili -<span class=\"_ _1c\"></span> bilanc<span class=\"_ _1\"></span>i ind<span class=\"_ _1c\"></span>ividu<span class=\"_ _1c\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc6d y381a wad5 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">29.<span class=\"_ _1\"></span>216<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc6e y381a wad9 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">7.012</div></td><td class=\"c xc6f y381a wacd h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">103.101<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc70 y381a wada h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">5.<span class=\"_ _1\"></span>743<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y381b wadb h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls308 ws5de\">Dif<span class=\"_ _1c\"></span>feren<span class=\"_ _1\"></span>ze d<span class=\"_ _1\"></span>edu<span class=\"_ _1c\"></span>cib<span class=\"_ _1\"></span>ili  - b<span class=\"_ _1c\"></span>ila<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>ci in<span class=\"_ _1\"></span>divid<span class=\"_ _1c\"></span>uali<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc71 y381b wadc h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">(<span class=\"_ _0\"></span>212.617)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc72 y381b wadd h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">(<span class=\"_ _0\"></span>51.028)</div></td><td class=\"c xc73 y381b wade h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">(<span class=\"_ _0\"></span>193.<span class=\"_ _1\"></span>311)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc74 y381b w80c h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">(10.767)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y381c wadf h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls308 ws5de\">Dif<span class=\"_ _1c\"></span>feren<span class=\"_ _1\"></span>ze d<span class=\"_ _1\"></span>edu<span class=\"_ _1c\"></span>cib<span class=\"_ _1\"></span>ili/t<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ili  - b<span class=\"_ _1c\"></span>ila<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cio<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>nso<span class=\"_ _1\"></span>lidato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc75 y381c wae0 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">223.181<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc76 y381c wae1 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y381d wae2 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls308 ws5de\">Imp<span class=\"_ _1c\"></span>on<span class=\"_ _1\"></span>ibile<span class=\"_ _1\"></span> IR<span class=\"_ _0\"></span>ES<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc77 y381d wae3 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">362.<span class=\"_ _1c\"></span>175<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y381e wae4 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30b ws5e0\">IRE<span class=\"_ _0\"></span>S co<span class=\"_ _1\"></span>rren<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>e sul red<span class=\"_ _1c\"></span>dito d<span class=\"_ _1c\"></span>ell'esercizio<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc78 y381e wae5 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">86.922<span class=\"_ _4ac\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x212 y381f wae6 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls308 ws5de\">Imp<span class=\"_ _1c\"></span>on<span class=\"_ _1\"></span>ibile<span class=\"_ _1\"></span> IR<span class=\"_ _0\"></span>AP<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xc79 y381f wae3 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">453.<span class=\"_ _1c\"></span>739<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3820 wae7 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30b ws5e0\">IRAP co<span class=\"_ _1c\"></span>rren<span class=\"_ _1\"></span>te per l'<span class=\"_ _1c\"></span>es<span class=\"_ _0\"></span>ercizio<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xc7a y3820 wad5 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30a ws5df\">25.<span class=\"_ _1\"></span>273<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3821 wae8 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls30b ws5e0\">Imp<span class=\"_ _1\"></span>oste Soc<span class=\"_ _1\"></span>iet\u00e0<span class=\"_ _0\"></span> Es<span class=\"_ _0\"></span>tere<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td class=\"c xc7b y3821 wae9 h48d\"><div class=\"t m5c x1fa h251 y3811 ffa fs66 fc0 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e waea h431\"><div class=\"t m5c x1fa h250 y380f ffc fs66 fc0 sc0 ls30c ws5e2\">On<span class=\"_ _0\"></span>ere fisca<span class=\"_ _0\"></span>le rilevat<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc7c y345e waeb h431\"><div class=\"t m5c x1fa h250 y380f ffc fs66 fc0 sc0 ls30a ws5df\">86.<span class=\"_ _1c\"></span>922<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc7d y345e waec h431\"><div class=\"t m5c x1fa h250 y380f ffc fs66 fc0 sc0 ls30a ws5df\">25.<span class=\"_ _1c\"></span>273</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-638": {
   "value": "<div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gs897\">1.1 Informazioni relative<span class=\"_ _1\"></span> agli impegni, garanzie e beni di <span class=\"_ _1\"></span>terzi <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs898\">1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> Im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> gar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> rilas<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> a t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>rz<span class=\"_ _0\"></span>i (<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>a qu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> in<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span> n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _11\"></span> altr<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> <span class=\"ls32 ws5e\">s<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>z<span class=\"_ _13\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>)<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs899\">Si ricorda che, per le operazioni di acquisizione effettuate nel corso del 2017 e del 2018 <span class=\"_ _1\"></span>con il </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs89a\">Gruppo Banco BPM e con il Gruppo Poste, gli accordi definiti (cos\u00ec come integrati/modificati da </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws95 gs89b\">quant<span class=\"_ _1\"></span>o sotto<span class=\"_ _1\"></span>scrit<span class=\"_ _1\"></span>to nel c<span class=\"_ _1\"></span>orso d<span class=\"_ _1\"></span>el 2020)<span class=\"_ _1\"></span> preved<span class=\"_ _1c\"></span>ono, in li<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span>ea co<span class=\"_ _1\"></span><span class=\"ls30 ws94\">n la p<span class=\"_ _1\"></span>rassi<span class=\"_ _1\"></span> di ope<span class=\"_ _1\"></span>razioni<span class=\"_ _1\"></span> anal<span class=\"_ _1\"></span>oghe<span class=\"_ _1\"></span>, </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gs89c\">specifici me<span class=\"_ _0\"></span>ccanismi di protezione e gar<span class=\"_ _0\"></span>anzia (ad esempio meccanismi di aggiusta<span class=\"_ _0\"></span>mento </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsac gs89d\">prezz<span class=\"_ _1\"></span>o, mecca<span class=\"_ _1c\"></span>nismi di<span class=\"_ _1\"></span> <span class=\"ff5 ls33 wsb6\">e<span class=\"_ _11\"></span>arn<span class=\"_ _13\"></span><span class=\"ls1 ws1\">-<span class=\"_ _0\"></span><span class=\"ls39 ws43f\">in<span class=\"_ _13\"></span> <span class=\"_ _0\"></span>/<span class=\"_ _0\"></span> e<span class=\"_ _11\"></span>ar<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span></span>-<span class=\"ls34 wsd0\">o<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, <span class=\"_ _15\"> </span></span></span></span><span class=\"ls0 wsd5\">man<span class=\"_ _0\"></span>tenimento di determinati live<span class=\"_ _0\"></span>lli di quote di </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws94 gs89e\">merca<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span> part<span class=\"_ _1c\"></span>e delle c<span class=\"_ _1\"></span>ontrop<span class=\"_ _1\"></span>arti <span class=\"_ _1\"></span>dei p<span class=\"_ _1\"></span>rod<span class=\"_ _1\"></span>o<span class=\"ls0 ws5f\">tti gestiti dal Gruppo Anima, mecc<span class=\"_ _0\"></span>anismi di verifica </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs89f\">della perform<span class=\"_ _0\"></span>ance dei prodotti gestiti dal Gruppo Anima e rimedi in cas<span class=\"_ _1\"></span>o di <span class=\"ff5 ls38 ws77\">un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rfo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls19 ws1 gs8a0\">degli stessi<span class=\"ls1\">)<span class=\"_ _1\"></span>. </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws5b gs8a1\">Per maggior<span class=\"_ _0\"></span>i dettagli, si rimanda al Capitolo XXII de<span class=\"_ _0\"></span>l Prospetto Informativ<span class=\"_ _0\"></span>o pubblicato in data </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs8a2\">23 marzo 2018<span class=\"_ _0\"></span> relativo all\u2019aumento<span class=\"_ _0\"></span> di capitale e ai do<span class=\"_ _0\"></span>cumenti inform<span class=\"_ _0\"></span>ativi relativi ad oper<span class=\"_ _0\"></span>azioni </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws6e gs8a3\">di ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ore ril<span class=\"_ _1c\"></span>evanza<span class=\"_ _1\"></span> con p<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span> cor<span class=\"_ _1\"></span>rela<span class=\"_ _1\"></span>te pub<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>icate i<span class=\"_ _1c\"></span>n data 7 <span class=\"_ _1\"></span><span class=\"ls1d ws55\">april<span class=\"_ _0\"></span>e 2020 e in<span class=\"_ _0\"></span> data 21<span class=\"_ _0\"></span> maggio<span class=\"_ _0\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs8a4\">2020, disponibili s<span class=\"_ _0\"></span>ul sito della Societ\u00e0.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wsff gs8a5\">Si seg<span class=\"_ _1\"></span>nala,<span class=\"_ _1\"></span> inolt<span class=\"_ _1\"></span>re, ch<span class=\"_ _1\"></span>e al 31 d<span class=\"_ _1\"></span>ice<span class=\"_ _1\"></span>mbre 20<span class=\"_ _1\"></span>25 so<span class=\"_ _1\"></span>no prese<span class=\"_ _1\"></span>nti imp<span class=\"_ _1c\"></span>egni rel<span class=\"_ _1\"></span>ativi a<span class=\"_ _1\"></span> quote d<span class=\"_ _1\"></span>i FIA<span class=\"_ _1\"></span> e FIA<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs8a6\">Immobiliari gest<span class=\"_ _0\"></span>iti sia dalle societ\u00e0 di ge<span class=\"_ _0\"></span>stione del risparmio del Gruppo Anima che da Banco </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws6d gs8a7\">BPM I<span class=\"_ _1\"></span>nvest S<span class=\"_ _1\"></span>GR, so<span class=\"_ _1\"></span>ttosc<span class=\"_ _1c\"></span>ritti per <span class=\"_ _1\"></span>un val<span class=\"_ _1\"></span>ore comp<span class=\"_ _1\"></span>less<span class=\"_ _1\"></span>ivo p<span class=\"_ _1\"></span>ari a E<span class=\"_ _1\"></span>ur<span class=\"ls0 ws77\">o 89,8 milioni,<span class=\"_ _0\"></span> di cui sono st<span class=\"_ _0\"></span>ati </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs8a8\">richiamati Euro<span class=\"_ _0\"></span> 56,3 milioni e pertanto residuano impegni per cir<span class=\"_ _0\"></span>ca di circa Euro 33,5 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws7b gs8a9\">Infine<span class=\"_ _1\"></span>, si seg<span class=\"_ _1\"></span>nala c<span class=\"_ _1\"></span>he al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span>e 20<span class=\"_ _1\"></span>25 (i) l<span class=\"_ _1\"></span>a Soci<span class=\"_ _1\"></span>et\u00e0 ha i<span class=\"_ _1\"></span>n essere <span class=\"_ _1\"></span>una fid<span class=\"_ _1c\"></span>ejussione d<span class=\"_ _1\"></span>i Eur<span class=\"_ _1\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs8aa\">0,575 milion<span class=\"_ _0\"></span>i, rilasc<span class=\"_ _0\"></span>iata al pro<span class=\"_ _0\"></span>prietario de<span class=\"_ _0\"></span>ll\u2019immobile di Corso<span class=\"_ _0\"></span> Garibaldi 99<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 </span><span class=\"ws0\">Milano, (ii) Castello </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs8ab\">SGR ha rilevato due fideju<span class=\"_ _0\"></span>ssioni per un valore complessivo<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>pari a Euro 0,155 milioni, rilas<span class=\"_ _0\"></span>ciate </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs8ac\">ai proprietar<span class=\"_ _0\"></span>i degli immobili della sede di Milano e Roma, tutte correlate ai contratti di locazione<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wse8 gs8ae\">in esser<span class=\"_ _1\"></span>e<span class=\"ls0 wsfe\">; (iii) Kairo<span class=\"_ _0\"></span>s<span class=\"ls1 ws1\"> <span class=\"_ _86\"></span></span>SGR h<span class=\"_ _0\"></span>a rilevato fide<span class=\"_ _0\"></span>jussioni per un valor<span class=\"_ _0\"></span>e complessivo par<span class=\"_ _0\"></span>i a Euro 0,<span class=\"ls1 ws1\">9 </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs8af\">milioni, rilas<span class=\"_ _0\"></span>ciate ai propriet<span class=\"_ _0\"></span>ari degli immobili della sede di Milano e<span class=\"_ _0\"></span> Roma, tutte correlate ai </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 wsa9 gs8b0\">contr<span class=\"_ _0\"></span>atti di loc<span class=\"_ _0\"></span>azione<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls1c ws27\">e <span class=\"_ _11\"></span><span class=\"ls11 ws5\">(i</span></span>v<span class=\"ls35 ws115\">) Castel<span class=\"_ _0\"></span>lo SGR</span> <span class=\"ls30 ws93\">ha i<span class=\"_ _1\"></span>n ess<span class=\"_ _1\"></span>ere i<span class=\"_ _1\"></span>mpeg<span class=\"_ _1\"></span>ni pe<span class=\"_ _1\"></span>r un i<span class=\"_ _1c\"></span>mporto<span class=\"_ _1\"></span> compl<span class=\"_ _1c\"></span>essivo d<span class=\"_ _1c\"></span>i </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsd5 gs8b1\">circa Euro 2,9 milioni, costitu<span class=\"_ _0\"></span>iti principalmente da liquidit\u00e0 depositata su c/c intestati alla </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs8b2\">controllat<span class=\"_ _0\"></span>a ma di pertinenza di n. 16 fondi liquidat<span class=\"_ _0\"></span>i, vincolat<span class=\"_ _0\"></span>a presso il depositario sino al<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs8b3\">completamento de<span class=\"_ _0\"></span>l processo di liquidazione degli st<span class=\"_ _0\"></span>essi.<span class=\"ls1 ws1\">  </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 ls11 ws29 gs8b4\">1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> Im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i re<span class=\"_ _13\"></span>lat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i ai fo<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i pe<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> ge<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i co<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span> g<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>ia di r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>itu<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> de<span class=\"_ _11\"></span>l cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws8f gs8b5\">Si conf<span class=\"_ _1c\"></span>erma ch<span class=\"_ _1\"></span>e, pe<span class=\"_ _1\"></span>r i co<span class=\"_ _1\"></span>mpar<span class=\"_ _1\"></span>ti del f<span class=\"_ _1c\"></span>ondo pe<span class=\"_ _1\"></span>nsion<span class=\"_ _1\"></span>e ape<span class=\"_ _1\"></span>rto Ar<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>i &amp; M<span class=\"_ _1c\"></span>estieri \u201c<span class=\"_ _1\"></span>Gara<span class=\"_ _1\"></span>nzia <span class=\"_ _1\"></span>1+\u201d ed<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws241 gs8b6\">\u201cIn<span class=\"_ _0\"></span>cremen<span class=\"_ _0\"></span>to e Gar<span class=\"_ _0\"></span>anzia 5+\u201d<span class=\"_ _0\"></span>, nonch<span class=\"_ _0\"></span>\u00e9 per il <span class=\"ls35 ws153\">com<span class=\"_ _0\"></span>parto \u201cLinea Gar<span class=\"_ _0\"></span>antita\u201d de<span class=\"_ _0\"></span>l fondo pensione </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5e3 gs8b7\">negoziale \u201cExtenso\u201d ricevuto in<span class=\"_ _0\"></span> delega, la controllata Anima SGR fornisce garanzia ai </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsef gs8b8\">sott<span class=\"_ _1\"></span>oscrit<span class=\"_ _1\"></span>tori ci<span class=\"_ _1c\"></span>rca la co<span class=\"_ _1\"></span>rresp<span class=\"_ _1\"></span>onsi<span class=\"_ _1\"></span>one di <span class=\"_ _1c\"></span>un import<span class=\"_ _1\"></span>o mini<span class=\"_ _1c\"></span>mo, pari<span class=\"_ _1\"></span> a quan<span class=\"_ _1\"></span>to sot<span class=\"_ _1\"></span>toscri<span class=\"_ _1c\"></span>tto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs749\">dall<span class=\"_ _1\"></span>\u2019aderen<span class=\"_ _1\"></span>te, i<span class=\"_ _1\"></span>ndipend<span class=\"_ _1\"></span>entem<span class=\"_ _1\"></span>ente da<span class=\"_ _1\"></span>i<span class=\"ls1 ws1\"> <span class=\"lsf ws17\">ris<span class=\"_ _1\"></span>ultati<span class=\"_ _1\"></span> di ges<span class=\"_ _1\"></span>tion<span class=\"_ _1\"></span>e.<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs8b9\">Si rim<span class=\"_ _0\"></span>anda a quanto illustr<span class=\"_ _0\"></span>ato nella \u201cParte B <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"lsf ws6e\">Inf<span class=\"_ _1\"></span>ormaz<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> sull<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>to P<span class=\"_ _1\"></span>atrimo<span class=\"_ _1c\"></span>niale <span class=\"ls1 ws1\">\u2013 <span class=\"_ _0\"></span><span class=\"ls35 ws16\">Sezi<span class=\"_ _0\"></span>one </span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws27 gs8ba\">10 <span class=\"_ _20\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _15\"> </span><span class=\"ls0 ws62\">Fon<span class=\"_ _0\"></span>di per risch<span class=\"_ _0\"></span>i e oner<span class=\"_ _0\"></span>i </span>\u2013 <span class=\"_ _15\"> </span></span><span class=\"ws131\">Voc<span class=\"_ _1\"></span>e 100\u201d d<span class=\"_ _1c\"></span>ella pre<span class=\"_ _1\"></span>sente<span class=\"_ _1\"></span> Nota i<span class=\"_ _1c\"></span>ntegrativa<span class=\"_ _1\"></span> consol<span class=\"_ _1\"></span>idata<span class=\"_ _1\"></span> per<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs74b\">maggiori dett<span class=\"_ _0\"></span>agli.<span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-38": {
   "value": "1.1 Informazioni relative<span class=\"_ _1\"></span> agli impegni, garanzie e beni di <span class=\"_ _1\"></span>terzi <span class=\"ls1 ws1\"> </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> Im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i e<span class=\"_ _13\"></span> gar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> rilas<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> a t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>rz<span class=\"_ _0\"></span>i (<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>a qu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _13\"></span> in<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span> n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>lle<span class=\"_ _11\"></span> altr<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> <span class=\"ls32 ws5e\">s<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>z<span class=\"_ _13\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>)<span class=\"ls1 ws1\"> </span></span>Si ricorda che, per le operazioni di acquisizione effettuate nel corso del 2017 e del 2018 <span class=\"_ _1\"></span>con il Gruppo Banco BPM e con il Gruppo Poste, gli accordi definiti (cos\u00ec come integrati/modificati da quant<span class=\"_ _1\"></span>o sotto<span class=\"_ _1\"></span>scrit<span class=\"_ _1\"></span>to nel c<span class=\"_ _1\"></span>orso d<span class=\"_ _1\"></span>el 2020)<span class=\"_ _1\"></span> preved<span class=\"_ _1c\"></span>ono, in li<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span>ea co<span class=\"_ _1\"></span><span class=\"ls30 ws94\">n la p<span class=\"_ _1\"></span>rassi<span class=\"_ _1\"></span> di ope<span class=\"_ _1\"></span>razioni<span class=\"_ _1\"></span> anal<span class=\"_ _1\"></span>oghe<span class=\"_ _1\"></span>, </span>specifici me<span class=\"_ _0\"></span>ccanismi di protezione e gar<span class=\"_ _0\"></span>anzia (ad esempio meccanismi di aggiusta<span class=\"_ _0\"></span>mento prezz<span class=\"_ _1\"></span>o, mecca<span class=\"_ _1c\"></span>nismi di<span class=\"_ _1\"></span> <span class=\"ff5 ls33 wsb6\">e<span class=\"_ _11\"></span>arn<span class=\"_ _13\"></span><span class=\"ls1 ws1\">-<span class=\"_ _0\"></span><span class=\"ls39 ws43f\">in<span class=\"_ _13\"></span> <span class=\"_ _0\"></span>/<span class=\"_ _0\"></span> e<span class=\"_ _11\"></span>ar<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span></span>-<span class=\"ls34 wsd0\">o<span class=\"_ _13\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, <span class=\"_ _15\"> </span></span></span></span><span class=\"ls0 wsd5\">man<span class=\"_ _0\"></span>tenimento di determinati live<span class=\"_ _0\"></span>lli di quote di </span>merca<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span> part<span class=\"_ _1c\"></span>e delle c<span class=\"_ _1\"></span>ontrop<span class=\"_ _1\"></span>arti <span class=\"_ _1\"></span>dei p<span class=\"_ _1\"></span>rod<span class=\"_ _1\"></span>o<span class=\"ls0 ws5f\">tti gestiti dal Gruppo Anima, mecc<span class=\"_ _0\"></span>anismi di verifica </span>della perform<span class=\"_ _0\"></span>ance dei prodotti gestiti dal Gruppo Anima e rimedi in cas<span class=\"_ _1\"></span>o di <span class=\"ff5 ls38 ws77\">un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rfo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span></span><span class=\"ls1 ws1\"> </span>degli stessi<span class=\"ls1\">)<span class=\"_ _1\"></span>. </span>Per maggior<span class=\"_ _0\"></span>i dettagli, si rimanda al Capitolo XXII de<span class=\"_ _0\"></span>l Prospetto Informativ<span class=\"_ _0\"></span>o pubblicato in data 23 marzo 2018<span class=\"_ _0\"></span> relativo all\u2019aumento<span class=\"_ _0\"></span> di capitale e ai do<span class=\"_ _0\"></span>cumenti inform<span class=\"_ _0\"></span>ativi relativi ad oper<span class=\"_ _0\"></span>azioni di ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ore ril<span class=\"_ _1c\"></span>evanza<span class=\"_ _1\"></span> con p<span class=\"_ _1\"></span>arti<span class=\"_ _1\"></span> cor<span class=\"_ _1\"></span>rela<span class=\"_ _1\"></span>te pub<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>icate i<span class=\"_ _1c\"></span>n data 7 <span class=\"_ _1\"></span><span class=\"ls1d ws55\">april<span class=\"_ _0\"></span>e 2020 e in<span class=\"_ _0\"></span> data 21<span class=\"_ _0\"></span> maggio<span class=\"_ _0\"></span> </span>2020, disponibili s<span class=\"_ _0\"></span>ul sito della Societ\u00e0.<span class=\"ls1 ws1\"> </span>Si seg<span class=\"_ _1\"></span>nala,<span class=\"_ _1\"></span> inolt<span class=\"_ _1\"></span>re, ch<span class=\"_ _1\"></span>e al 31 d<span class=\"_ _1\"></span>ice<span class=\"_ _1\"></span>mbre 20<span class=\"_ _1\"></span>25 so<span class=\"_ _1\"></span>no prese<span class=\"_ _1\"></span>nti imp<span class=\"_ _1c\"></span>egni rel<span class=\"_ _1\"></span>ativi a<span class=\"_ _1\"></span> quote d<span class=\"_ _1\"></span>i FIA<span class=\"_ _1\"></span> e FIA<span class=\"_ _1c\"></span> Immobiliari gest<span class=\"_ _0\"></span>iti sia dalle societ\u00e0 di ge<span class=\"_ _0\"></span>stione del risparmio del Gruppo Anima che da Banco BPM I<span class=\"_ _1\"></span>nvest S<span class=\"_ _1\"></span>GR, so<span class=\"_ _1\"></span>ttosc<span class=\"_ _1c\"></span>ritti per <span class=\"_ _1\"></span>un val<span class=\"_ _1\"></span>ore comp<span class=\"_ _1\"></span>less<span class=\"_ _1\"></span>ivo p<span class=\"_ _1\"></span>ari a E<span class=\"_ _1\"></span>ur<span class=\"ls0 ws77\">o 89,8 milioni,<span class=\"_ _0\"></span> di cui sono st<span class=\"_ _0\"></span>ati </span>richiamati Euro<span class=\"_ _0\"></span> 56,3 milioni e pertanto residuano impegni per cir<span class=\"_ _0\"></span>ca di circa Euro 33,5 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>Infine<span class=\"_ _1\"></span>, si seg<span class=\"_ _1\"></span>nala c<span class=\"_ _1\"></span>he al 31 d<span class=\"_ _1\"></span>icemb<span class=\"_ _1c\"></span>r<span class=\"_ _0\"></span>e 20<span class=\"_ _1\"></span>25 (i) l<span class=\"_ _1\"></span>a Soci<span class=\"_ _1\"></span>et\u00e0 ha i<span class=\"_ _1\"></span>n essere <span class=\"_ _1\"></span>una fid<span class=\"_ _1c\"></span>ejussione d<span class=\"_ _1\"></span>i Eur<span class=\"_ _1\"></span>o 0,575 milion<span class=\"_ _0\"></span>i, rilasc<span class=\"_ _0\"></span>iata al pro<span class=\"_ _0\"></span>prietario de<span class=\"_ _0\"></span>ll\u2019immobile di Corso<span class=\"_ _0\"></span> Garibaldi 99<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 </span><span class=\"ws0\">Milano, (ii) Castello </span>SGR ha rilevato due fideju<span class=\"_ _0\"></span>ssioni per un valore complessivo<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>pari a Euro 0,155 milioni, rilas<span class=\"_ _0\"></span>ciate ai proprietar<span class=\"_ _0\"></span>i degli immobili della sede di Milano e Roma, tutte correlate ai contratti di locazione<span class=\"_ _4ac\"> </span>in esser<span class=\"_ _1\"></span>e<span class=\"ls0 wsfe\">; (iii) Kairo<span class=\"_ _0\"></span>s<span class=\"ls1 ws1\"> <span class=\"_ _86\"></span></span>SGR h<span class=\"_ _0\"></span>a rilevato fide<span class=\"_ _0\"></span>jussioni per un valor<span class=\"_ _0\"></span>e complessivo par<span class=\"_ _0\"></span>i a Euro 0,<span class=\"ls1 ws1\">9 </span></span>milioni, rilas<span class=\"_ _0\"></span>ciate ai propriet<span class=\"_ _0\"></span>ari degli immobili della sede di Milano e<span class=\"_ _0\"></span> Roma, tutte correlate ai contr<span class=\"_ _0\"></span>atti di loc<span class=\"_ _0\"></span>azione<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls1c ws27\">e <span class=\"_ _11\"></span><span class=\"ls11 ws5\">(i</span></span>v<span class=\"ls35 ws115\">) Castel<span class=\"_ _0\"></span>lo SGR</span> <span class=\"ls30 ws93\">ha i<span class=\"_ _1\"></span>n ess<span class=\"_ _1\"></span>ere i<span class=\"_ _1\"></span>mpeg<span class=\"_ _1\"></span>ni pe<span class=\"_ _1\"></span>r un i<span class=\"_ _1c\"></span>mporto<span class=\"_ _1\"></span> compl<span class=\"_ _1c\"></span>essivo d<span class=\"_ _1c\"></span>i </span></span>circa Euro 2,9 milioni, costitu<span class=\"_ _0\"></span>iti principalmente da liquidit\u00e0 depositata su c/c intestati alla controllat<span class=\"_ _0\"></span>a ma di pertinenza di n. 16 fondi liquidat<span class=\"_ _0\"></span>i, vincolat<span class=\"_ _0\"></span>a presso il depositario sino al<span class=\"ls1 ws1\"> </span>completamento de<span class=\"_ _0\"></span>l processo di liquidazione degli st<span class=\"_ _0\"></span>essi.<span class=\"ls1 ws1\">  </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> Im<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>i re<span class=\"_ _13\"></span>lat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i ai fo<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>i pe<span class=\"_ _11\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> ge<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i co<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span> g<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>ia di r<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>itu<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> de<span class=\"_ _11\"></span>l cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>Si conf<span class=\"_ _1c\"></span>erma ch<span class=\"_ _1\"></span>e, pe<span class=\"_ _1\"></span>r i co<span class=\"_ _1\"></span>mpar<span class=\"_ _1\"></span>ti del f<span class=\"_ _1c\"></span>ondo pe<span class=\"_ _1\"></span>nsion<span class=\"_ _1\"></span>e ape<span class=\"_ _1\"></span>rto Ar<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>i &amp; M<span class=\"_ _1c\"></span>estieri \u201c<span class=\"_ _1\"></span>Gara<span class=\"_ _1\"></span>nzia <span class=\"_ _1\"></span>1+\u201d ed<span class=\"_ _1c\"></span> \u201cIn<span class=\"_ _0\"></span>cremen<span class=\"_ _0\"></span>to e Gar<span class=\"_ _0\"></span>anzia 5+\u201d<span class=\"_ _0\"></span>, nonch<span class=\"_ _0\"></span>\u00e9 per il <span class=\"ls35 ws153\">com<span class=\"_ _0\"></span>parto \u201cLinea Gar<span class=\"_ _0\"></span>antita\u201d de<span class=\"_ _0\"></span>l fondo pensione </span>negoziale \u201cExtenso\u201d ricevuto in<span class=\"_ _0\"></span> delega, la controllata Anima SGR fornisce garanzia ai sott<span class=\"_ _1\"></span>oscrit<span class=\"_ _1\"></span>tori ci<span class=\"_ _1c\"></span>rca la co<span class=\"_ _1\"></span>rresp<span class=\"_ _1\"></span>onsi<span class=\"_ _1\"></span>one di <span class=\"_ _1c\"></span>un import<span class=\"_ _1\"></span>o mini<span class=\"_ _1c\"></span>mo, pari<span class=\"_ _1\"></span> a quan<span class=\"_ _1\"></span>to sot<span class=\"_ _1\"></span>toscri<span class=\"_ _1c\"></span>tto dall<span class=\"_ _1\"></span>\u2019aderen<span class=\"_ _1\"></span>te, i<span class=\"_ _1\"></span>ndipend<span class=\"_ _1\"></span>entem<span class=\"_ _1\"></span>ente da<span class=\"_ _1\"></span>i<span class=\"ls1 ws1\"> <span class=\"lsf ws17\">ris<span class=\"_ _1\"></span>ultati<span class=\"_ _1\"></span> di ges<span class=\"_ _1\"></span>tion<span class=\"_ _1\"></span>e.<span class=\"ls1 ws1\"> </span></span></span>Si rim<span class=\"_ _0\"></span>anda a quanto illustr<span class=\"_ _0\"></span>ato nella \u201cParte B <span class=\"ls1 ws1\">\u2013 <span class=\"_ _13\"></span><span class=\"lsf ws6e\">Inf<span class=\"_ _1\"></span>ormaz<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> sull<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>to P<span class=\"_ _1\"></span>atrimo<span class=\"_ _1c\"></span>niale <span class=\"ls1 ws1\">\u2013 <span class=\"_ _0\"></span><span class=\"ls35 ws16\">Sezi<span class=\"_ _0\"></span>one </span></span></span></span>10 <span class=\"_ _20\"> </span><span class=\"ls1 ws1\">\u2013 <span class=\"_ _15\"> </span><span class=\"ls0 ws62\">Fon<span class=\"_ _0\"></span>di per risch<span class=\"_ _0\"></span>i e oner<span class=\"_ _0\"></span>i </span>\u2013 <span class=\"_ _15\"> </span></span><span class=\"ws131\">Voc<span class=\"_ _1\"></span>e 100\u201d d<span class=\"_ _1c\"></span>ella pre<span class=\"_ _1\"></span>sente<span class=\"_ _1\"></span> Nota i<span class=\"_ _1c\"></span>ntegrativa<span class=\"_ _1\"></span> consol<span class=\"_ _1\"></span>idata<span class=\"_ _1\"></span> per<span class=\"_ _1\"></span> </span>maggiori dett<span class=\"_ _0\"></span>agli.<span class=\"ls1 ws1\"> </span>1.1.4 T<span class=\"_ _0\"></span>itoli<span class=\"_ _1\"></span> di pro<span class=\"_ _0\"></span>prie<span class=\"_ _0\"></span>t\u00e0 i<span class=\"_ _1c\"></span>n<span class=\"_ _0\"></span> de<span class=\"_ _13\"></span>po<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ito c/o<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>rz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"ff1\"> </span></span><table class=\"s waed h4a9\" id=\"_9000924d-a662-43a1-850d-3a81b031287b\"><tr><td></td><td class=\"c xc7e y3823 waee h4aa\"><div class=\"t m5d x1fa h254 y3822 ff2 fs67 fc0 sc0 ls30e ws5e5\">31/<span class=\"_ _1\"></span>12/2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc7f y3823 waef h4aa\"><div class=\"t m5d x1fa h254 y3822 ff2 fs67 fc0 sc0 ls30e ws5e5\">31/12/<span class=\"_ _1c\"></span>2024<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3824 waf0 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls30f ws5e6\">N<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mero azi<span class=\"_ _13\"></span>on<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> propri<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc80 y3824 waf1 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc81 y3824 waf2 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls310 ws5e7\">9.441.<span class=\"_ _1c\"></span>730<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3825 waf3 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls30f ws5e6\">N<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mero azi<span class=\"_ _13\"></span>on<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>erzi<span class=\"_ _0\"></span> (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc82 y3825 waf4 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls310 ws5e7\">51.505.615<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc83 y3825 waf4 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls310 ws5e7\">50.290.691<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3826 waf5 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls30e ws5e9\">T<span class=\"_ _1\"></span>ito<span class=\"_ _1c\"></span>li d<span class=\"_ _1\"></span>i St<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>to<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc84 y3826 waf6 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls310 ws5e7\">5.<span class=\"_ _1\"></span>000.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc85 y3826 waf7 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls310 ws5e7\">24.000.<span class=\"_ _1\"></span>000<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3827 waf8 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls311 ws5ea\">N<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>mer<span class=\"_ _0\"></span>o qu<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>e di<span class=\"_ _13\"></span> OI<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc86 y3827 waf9 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls310 ws5e7\">4.121.<span class=\"_ _1\"></span>853<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc87 y3827 waf9 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls310 ws5e7\">3.964.<span class=\"_ _1\"></span>772<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3828 wafa h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls311 ws5ea\">N<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>mer<span class=\"_ _0\"></span>o qu<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>e di<span class=\"_ _13\"></span> OI<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> di<span class=\"_ _13\"></span> t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>zi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc88 y3828 waf9 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls310 ws5e7\">3.804.<span class=\"_ _1\"></span>945<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc89 y3828 waf9 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls310 ws5e7\">4.391.<span class=\"_ _1\"></span>551<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3829 waf8 h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls311 ws5ea\">N<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>mer<span class=\"_ _0\"></span>o qu<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>e di<span class=\"_ _13\"></span> OI<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc8a y3829 wafb h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls310 ws5e7\">577.583<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc8b y3829 wafb h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls310 ws5e7\">299.473<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wafa h4ab\"><div class=\"t m5d x1fa h254 y3822 ff1 fs67 fc0 sc0 ls311 ws5ea\">N<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>mer<span class=\"_ _0\"></span>o qu<span class=\"_ _13\"></span>ot<span class=\"_ _0\"></span>e di<span class=\"_ _13\"></span> OI<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> di<span class=\"_ _13\"></span> t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>zi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc8d y382b wafc h4ac\"><div class=\"t m5d xc8c h254 y382a ff1 fs67 fc0 sc0 ls310 ws5e7\">4.124.<span class=\"_ _1\"></span>207<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>(*) Si riferiscono<span class=\"_ _1\"></span> <span class=\"ws47f\">principalmente <span class=\"ls30d ws5e4\">a<span class=\"_ _1\"></span>d azioni quo<span class=\"_ _1\"></span>tate BMPS dete<span class=\"_ _1\"></span>nute da Anim<span class=\"_ _1\"></span>a Holding<span class=\"ls1 ws1\">.</span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-639": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gs8bc\">Sezione 3 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">In<span class=\"_ _0\"></span>formazi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> sui risch<span class=\"_ _0\"></span>i e sull<span class=\"_ _0\"></span>e relati<span class=\"_ _0\"></span>ve pol<span class=\"_ _0\"></span>itich<span class=\"_ _0\"></span>e di copertu<span class=\"_ _0\"></span>ra<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ff1 fs0\"> </span></span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 lse ws0 gs8bd\">Premessa<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs8be\">L\u2019organi<span class=\"_ _0\"></span>zzazione del<span class=\"_ _0\"></span> Gruppo Anima<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs8bf\">In conformit\u00e0 con il quadro normativo applicabile e secondo quanto stabilito dal \u201cRegolamento<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs8c0\">di Gruppo\u201d<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- <span class=\"ls0 ws0\">in quanto compatibile con il Regolamento di governance della Capogru<span class=\"_ _0\"></span>ppo Banco<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 ws0\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wsff gs8c1\">BPM <span class=\"_ _1\"></span>e nel ri<span class=\"_ _1\"></span>spet<span class=\"_ _1\"></span>to dell<span class=\"_ _1c\"></span>o stesso <span class=\"_ _1\"></span><span class=\"ls1 ws1\">- <span class=\"_ _0\"></span><span class=\"ls0 ws76\">Anima Holding in qualit\u00e0 di controlla<span class=\"ls35 ws6e\">nte<span class=\"_ _0\"></span> intermedi<span class=\"_ _0\"></span>a, \u00e8 tenuta<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 ws76\"><span class=\"ls35 ws6e\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws104 gs8c2\">a coadiu<span class=\"_ _0\"></span>vare la Capo<span class=\"_ _0\"></span>gruppo <span class=\"ls1c wsb5\">Banco BP<span class=\"_ _1\"></span>M <span class=\"ls0 wsae\">nell\u2019esercizio de<span class=\"_ _0\"></span>ll\u2019attivit\u00e0 di dire<span class=\"_ _0\"></span>zione e coordinamento<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1c wsb5\"><span class=\"ls0 wsae\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs8c3\">delle <span class=\"ls1 ws1\">s<span class=\"ls1d ws2b\">oc<span class=\"_ _0\"></span>iet\u00e0 </span>c<span class=\"lsf ws1f\">ontr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e e <span class=\"_ _1\"></span>ha co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span>, in m<span class=\"_ _1\"></span>ateri<span class=\"_ _1\"></span>a di:<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"lsf ws1f\"><span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8c4\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">indiriz<span class=\"_ _0\"></span>zi generali programm<span class=\"_ _0\"></span>atici e strategici del Gruppo Anima;<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8c5\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">indiriz<span class=\"_ _0\"></span>zi di governo societario; </span></span><span class=\"ff9\"><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8c6\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws117\">allocaz<span class=\"_ _0\"></span>ione del capitale e manten<span class=\"_ _0\"></span>imento/monitoraggio<span class=\"_ _0\"></span> di un corretto e<span class=\"_ _0\"></span>quilibrio<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls0 ws117\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs8c7\">patri<span class=\"_ _1c\"></span>moniale<span class=\"_ _1\"></span>, econ<span class=\"_ _1\"></span>omic<span class=\"_ _1\"></span>o e fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1\"></span>ario d<span class=\"_ _1\"></span>el Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o Anima<span class=\"_ _1\"></span> e del<span class=\"_ _1\"></span>le S<span class=\"_ _1\"></span>ociet<span class=\"_ _1\"></span>\u00e0 Cont<span class=\"_ _1\"></span>rolla<span class=\"_ _1\"></span>te; <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8c8\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 wsd5\">analisi de<span class=\"_ _0\"></span>l contesto competit<span class=\"_ _0\"></span>ivo e individuazione delle<span class=\"_ _0\"></span> linee di crescita (int<span class=\"_ _0\"></span>erne ed<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls0 wsd5\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws1d7 gs8c9\">esterne) volte a miglior<span class=\"_ _0\"></span>are il posizionamento del Gruppo Anima nei mercati di<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1f gs8ca\">riferi<span class=\"_ _1c\"></span>mento;<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8cb\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws9c\">operazion<span class=\"_ _0\"></span>i di natura straordin<span class=\"_ _0\"></span>aria e operazioni di sign<span class=\"_ _0\"></span>ificativo rilie<span class=\"_ _0\"></span>vo sotto il profilo<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls0 ws9c\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gs8cc\">strat<span class=\"_ _1\"></span>egico<span class=\"_ _1\"></span>, econ<span class=\"_ _1\"></span>omico<span class=\"_ _1\"></span>, patri<span class=\"_ _1\"></span>monial<span class=\"_ _1\"></span>e o finan<span class=\"_ _1\"></span>ziar<span class=\"_ _1\"></span>io; <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8cd\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 lsf ws1f\">asse<span class=\"_ _1\"></span>tti o<span class=\"_ _1\"></span>rganiz<span class=\"_ _1\"></span>zati<span class=\"_ _1\"></span>vi e d<span class=\"_ _1c\"></span>ell\u2019ass<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o ammi<span class=\"_ _1c\"></span>nistra<span class=\"_ _1\"></span>tivo e<span class=\"_ _1c\"></span> contab<span class=\"_ _1\"></span>ile d<span class=\"_ _1c\"></span>el Grup<span class=\"_ _1\"></span>po Ani<span class=\"_ _1c\"></span>ma; </span></span><span class=\"ff9\"><span class=\"ff1 lsf ws1f\"><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8ce\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">linee gu<span class=\"_ _0\"></span>ida e valutazione del sistem<span class=\"_ _0\"></span>a di controllo interno e di gestione dei ris<span class=\"_ _0\"></span>chi (SCIGR)<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1 ls0 ws0\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs8cf\">del Gruppo<span class=\"_ _0\"></span> Anima; <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8d0\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 lse ws16\">str<span class=\"_ _0\"></span>ategie ICT di Gruppo<span class=\"_ _0\"></span>;<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8d1\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">politich<span class=\"_ _0\"></span>e di remunerazione e di incentivazione<span class=\"_ _0\"></span> da sottoporre all\u2019Assemblea or<span class=\"_ _0\"></span>dinaria; </span></span><span class=\"ff9\"><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8d2\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls11 ws29\">gestione finanziaria; </span></span><span class=\"ff9\"><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8d3\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls30 ws96\">model<span class=\"_ _1\"></span>lo di orga<span class=\"_ _1c\"></span>nizzazio<span class=\"_ _1\"></span>ne, gesti<span class=\"_ _1c\"></span>one e contr<span class=\"_ _1\"></span>ollo ex<span class=\"_ _1\"></span> D.lgs. 23<span class=\"_ _1\"></span>1/01<span class=\"_ _1\"></span>; </span></span><span class=\"ff9\"><span class=\"ff1 ls30 ws96\"><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff1c fs0 fc0 sc0 ls1 ws1 gs8d4\">-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws15\">str<span class=\"_ _0\"></span>ategie di So<span class=\"_ _0\"></span>stenibilit\u00e0.<span class=\"_ _4ac\"> </span></span></span><span class=\"ff9\"><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs8d5\">Le societ<span class=\"_ _0\"></span>\u00e0 controllate sono competenti in<span class=\"_ _0\"></span> via esclusiva in materia di pre<span class=\"_ _0\"></span>stazione dei servizi di<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs8d6\">gestione del risparmio e dei servizi di investimento, nonch\u00e9 delle ulterior<span class=\"_ _0\"></span>i attivit\u00e0 funzionali<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs8d7\">all\u2019offert<span class=\"_ _0\"></span>a dei prodotti e all\u2019e<span class=\"_ _0\"></span>sercizio delle att<span class=\"_ _0\"></span>ivit\u00e0 del Gruppo Anima a beneficio<span class=\"_ _0\"></span> della propria<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs8d8\">cliente<span class=\"_ _0\"></span>la.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsf1 gs8d9\">La c<span class=\"_ _1\"></span>onfi<span class=\"_ _1\"></span>guraz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e org<span class=\"_ _1c\"></span>anizzati<span class=\"_ _1\"></span>va d<span class=\"_ _1\"></span>el G<span class=\"_ _1c\"></span>ruppo<span class=\"_ _1\"></span> Ani<span class=\"_ _1\"></span>ma ve<span class=\"_ _1\"></span>de,<span class=\"_ _1\"></span> qui<span class=\"_ _1\"></span>ndi,<span class=\"_ _1\"></span> l\u2019a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 op<span class=\"_ _1c\"></span>erativa<span class=\"_ _1c\"></span> quasi<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs8da\">escl<span class=\"_ _1\"></span>usiva<span class=\"_ _1c\"></span>mente co<span class=\"_ _1\"></span>ncent<span class=\"_ _1c\"></span>rata sull<span class=\"_ _1\"></span>e socie<span class=\"_ _1\"></span>t\u00e0 con<span class=\"_ _1c\"></span>trolla<span class=\"_ _1\"></span>te.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs8db\">Le linee di indirizzo del sistema di controllo interno e di gestione dei rischi sono definite dal<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs8dc\">Consiglio di Am<span class=\"_ _0\"></span>ministrazione de<span class=\"_ _0\"></span>lla Societ\u00e0, con funzion<span class=\"_ _0\"></span>i di supervisione st<span class=\"_ _0\"></span>rategica e di gest<span class=\"_ _0\"></span>ione.<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws81 gs8dd\">Il Consiglio<span class=\"_ _0\"></span> di Amministraz<span class=\"_ _0\"></span>ione svolge la propria attivit<span class=\"_ _0\"></span>\u00e0 <span class=\"ls30 wsb4\">anc<span class=\"_ _1\"></span>he at<span class=\"_ _1\"></span>travers<span class=\"_ _1\"></span>o sp<span class=\"_ _1\"></span>ecifici<span class=\"_ _1\"></span> comi<span class=\"_ _1\"></span>tati<span class=\"_ _4ac\"> </span></span><span class=\"ls30 wsb4\"><span class=\"_ _1c\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs8de\">costituiti al pro<span class=\"_ _0\"></span>prio interno, tra i quali il Comitato Controlli e Rischi e Sostenibilit<span class=\"_ _0\"></span>\u00e0 (il \u201cComitato\u201d).<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsa7 gs8df\">Il Comitato<span class=\"_ _0\"></span> \u00e8 costituito allo s<span class=\"_ _0\"></span>copo di assicurare il pr<span class=\"_ _0\"></span>esidio e la gest<span class=\"_ _0\"></span>ione dei rischi e la<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws116 gs8e0\">salvaguardia del valo<span class=\"ls0 wsae\">re azie<span class=\"_ _0\"></span>ndale a livello di Gru<span class=\"_ _0\"></span>ppo Anima, ivi compreso<span class=\"_ _0\"></span> il sistema dei contro<span class=\"_ _0\"></span>lli<span class=\"_ _4ac\"> </span></span><span class=\"ls0 wsae\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs8e2\">interni,<span class=\"_ _0\"></span> in attuazione degli indirizzi s<span class=\"_ _0\"></span>trategici e delle polit<span class=\"_ _0\"></span>iche di gestione defin<span class=\"_ _0\"></span>ite dagli Organi<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws28 gs8e3\">Soci<span class=\"_ _1\"></span>etari<span class=\"_ _1c\"></span>.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws26e gs8e4\">Il Co<span class=\"_ _1\"></span>mitato <span class=\"_ _1\"></span>\u00e8 un o<span class=\"_ _1\"></span>rgano av<span class=\"_ _1c\"></span>ente po<span class=\"_ _1\"></span>tere c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ultiv<span class=\"_ _1\"></span>o e info<span class=\"_ _1\"></span>rmati<span class=\"_ _1\"></span>vo, \u00e8 c<span class=\"_ _1c\"></span>ompost<span class=\"_ _1\"></span>o da tre<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws5a gs8e5\">Ammi<span class=\"_ _1\"></span>nistra<span class=\"_ _1c\"></span>tori Ind<span class=\"_ _1\"></span>ipen<span class=\"_ _1\"></span>denti, <span class=\"_ _1c\"></span>con sig<span class=\"_ _1\"></span>nifica<span class=\"_ _1c\"></span>tive comp<span class=\"_ _1c\"></span>etenze<span class=\"_ _1\"></span> ed esp<span class=\"_ _1c\"></span>erienze<span class=\"_ _1\"></span> in ma<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span>a con<span class=\"_ _1\"></span>tabil<span class=\"_ _1c\"></span>e<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsa7 gs8e6\">e finanziar<span class=\"_ _0\"></span>ia e/o di gestione del rischio. Alle r<span class=\"_ _0\"></span>iunioni del Comitato, di norma, <span class=\"ls32 ws5e\">p<span class=\"_ _0\"></span>arte<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ipa<span class=\"_ _4ac\"> </span></span><span class=\"ls32 ws5e\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws94 gs8e7\">l\u2019Am<span class=\"_ _1\"></span>minis<span class=\"_ _1\"></span>trator<span class=\"_ _1\"></span>e Del<span class=\"_ _1\"></span>ega<span class=\"_ _1\"></span>to e Dir<span class=\"_ _1\"></span>ettor<span class=\"_ _1\"></span>e Ge<span class=\"_ _1\"></span>nerale d<span class=\"_ _1\"></span>ella S<span class=\"_ _1c\"></span>ociet\u00e0 (q<span class=\"_ _1c\"></span>uale in<span class=\"_ _1\"></span>carica<span class=\"_ _1\"></span>to a sov<span class=\"_ _1c\"></span>raintend<span class=\"_ _1c\"></span>ere<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs8e8\">il sistema di controllo interno<span class=\"_ _0\"></span> e gestione dei rischi), il Presidente del Collegio Sindacale della<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs8e9\">Soci<span class=\"_ _1\"></span>et\u00e0 (d<span class=\"_ _1c\"></span>i norma s<span class=\"_ _1c\"></span>ono invi<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> a par<span class=\"_ _1c\"></span>tecipare<span class=\"_ _1\"></span> anc<span class=\"_ _1\"></span>he<span class=\"ls1 ws1\"> <span class=\"ls0 ws0\">gli altri componenti del Co<span class=\"_ _0\"></span>llegio Sindacale<span class=\"_ _0\"></span>),<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 ws0\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs8ea\">i respon<span class=\"_ _0\"></span>sabili della Societ<span class=\"_ _0\"></span>\u00e0 delle funzioni Inte<span class=\"_ _0\"></span>rnal Audit e Com<span class=\"_ _0\"></span>pliance e, in re<span class=\"_ _0\"></span>lazione ai punti<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs8eb\">all\u2019or<span class=\"_ _0\"></span>dine del giorno, il Group CFO e il Dirigente Preposto alla re<span class=\"_ _0\"></span>dazione dei documenti contabili<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws85 gs8ec\">societa<span class=\"_ _1c\"></span>ri e i<span class=\"lsf ws5c\">l Gro<span class=\"_ _1\"></span>up CR<span class=\"_ _1\"></span>O. Poss<span class=\"_ _1c\"></span>ono inol<span class=\"_ _1c\"></span>tre esse<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span> invita<span class=\"_ _1c\"></span>ti a part<span class=\"_ _1\"></span>ecipa<span class=\"_ _1\"></span>re, i<span class=\"_ _1\"></span>n rela<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a sp<span class=\"_ _1\"></span>ecifi<span class=\"_ _1\"></span>che<span class=\"_ _4ac\"> </span></span><span class=\"lsf ws5c\"><span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsbb gs8ed\">tematiche, <span class=\"_ _0\"></span>i membri dell\u2019<span class=\"_ _0\"></span>\u201cOrganismo di Vigilan<span class=\"_ _0\"></span>za 231\u201d e<span class=\"_ _0\"></span>d i membr<span class=\"_ _0\"></span>i degli organi <span class=\"_ _0\"></span>di<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs8ee\">amministr<span class=\"_ _0\"></span>azione e contr<span class=\"_ _0\"></span>ollo delle<span class=\"_ _0\"></span> Societ\u00e0 c<span class=\"_ _0\"></span>ontrollate.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gs8ef\">Nel 2025 \u00e8 stato avviato il progressivo allineamento delle linee di indirizzo del sistema di<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9e gs8f0\">controllo inte<span class=\"_ _0\"></span>rno e di gestione dei risch<span class=\"_ _0\"></span>i a quelle del Gruppo Banco BPM, emanate dalla<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws28 gs8f1\">Capogruppo<span class=\"_ _0\"></span> Banco <span class=\"_ _0\"></span>BPM.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs8f2\">Il Sistema dei contr<span class=\"_ _0\"></span>olli interni<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs8f3\">La Societ\u00e0 \u00e8 dotata di un apposito Sistema dei Controlli Intern<span class=\"_ _0\"></span>i e di Gestione dei Rischi (\u201cSCIGR\u201d),<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs8f4\">in line<span class=\"_ _0\"></span>a con la disciplina civilist<span class=\"_ _0\"></span>ica e con le indica<span class=\"_ _0\"></span>zioni del Codic<span class=\"_ _0\"></span>e di Corporate Govern<span class=\"_ _0\"></span>ance,<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs8f5\">idoneo a <span class=\"_ _0\"></span>presidiare nel c<span class=\"_ _0\"></span>ontinuo i r<span class=\"_ _0\"></span>ischi tipici <span class=\"_ _0\"></span>dell\u2019attiv<span class=\"ws7e\">it\u00e0 sociale. Il SCIGR co<span class=\"_ _0\"></span>stituisce la cornice<span class=\"_ _4ac\"> </span></span><span class=\"ws7e\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs8f6\">di riferimento nell\u2019am<span class=\"_ _0\"></span>bito della quale sono d<span class=\"_ _1\"></span>elineat<span class=\"_ _0\"></span>i gli obiettivi ed i principi che devono ispirare<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws81 gs8f7\">il disegno, il funzion<span class=\"_ _0\"></span>amento e l\u2019evoluzione nel continuo<span class=\"_ _0\"></span> di un efficace sistema di controllo,<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wse2 gs8f8\">nonc<span class=\"_ _1\"></span>h\u00e9 i ruol<span class=\"_ _1\"></span>i,<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls0 ws8b\">i compiti e le responsabilit<span class=\"_ _0\"></span>\u00e0 degli Organi e delle Funzioni Aziendali. Il SCIGR \u00e8<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 ws8b\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws8e gs8f9\">altr<span class=\"_ _1\"></span>es\u00ec <span class=\"_ _1\"></span>strut<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span>to pe<span class=\"_ _1c\"></span>r assi<span class=\"_ _1\"></span>cura<span class=\"_ _1\"></span>re <span class=\"_ _1\"></span>una c<span class=\"_ _1\"></span>orret<span class=\"_ _1c\"></span>ta info<span class=\"_ _1\"></span>rmati<span class=\"_ _1\"></span>va f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ria <span class=\"_ _1\"></span>ed u<span class=\"_ _1\"></span>n\u2019ad<span class=\"_ _1\"></span>egua<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>opert<span class=\"_ _1\"></span>ura<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs8fa\">del controllo su tutte le<span class=\"_ _0\"></span> attivit\u00e0 del Gruppo Anima, assicuran<span class=\"_ _0\"></span>do l\u2019affidabilit\u00e0 dei dati contabili e<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws81 gs8fb\">gestion<span class=\"_ _0\"></span>ali, il rispetto delle le<span class=\"_ _0\"></span>ggi e dei regolamenti e<span class=\"_ _0\"></span> la salvaguardia dell\u2019int<span class=\"_ _0\"></span>egrit\u00e0 aziendale,<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws5c gs8fc\">anche<span class=\"_ _1c\"></span> al fi<span class=\"_ _1\"></span>ne di<span class=\"_ _1\"></span> prev<span class=\"_ _1c\"></span>enire f<span class=\"_ _1\"></span>rodi<span class=\"_ _1\"></span> a da<span class=\"_ _1\"></span>nno d<span class=\"_ _1\"></span>ella<span class=\"_ _1c\"></span> Societ\u00e0<span class=\"_ _1c\"></span> e dei <span class=\"_ _1\"></span>mer<span class=\"_ _1\"></span>cati<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>nziari<span class=\"_ _1c\"></span>. Il SC<span class=\"_ _1\"></span>IGR a<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>tato<span class=\"_ _4ac\"> </span><span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsb4 gs8fd\">\u00e8 prop<span class=\"_ _1c\"></span>orziona<span class=\"_ _1\"></span>to all<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>natura<span class=\"_ _1c\"></span> ed in<span class=\"_ _1\"></span>t<span class=\"ls0 ws81\">ensit\u00e0 dei rischi azien<span class=\"_ _0\"></span>dali (<span class=\"ff5 ls33 ws670\">c.<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _13\"></span> b<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span> ap<span class=\"_ _0\"></span>p<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span>ac<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span></span>), alle<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws81\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs8fe\">dimensioni ed alle<span class=\"_ _0\"></span> caratteristiche operat<span class=\"_ _0\"></span>ive dell\u2019impresa.<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs8ff\">Il SCIGR si artico<span class=\"_ _0\"></span>la su tre livelli di contro<span class=\"_ _0\"></span>llo:<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs900\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws132\">controlli di primo liv<span class=\"_ _1c\"></span>ello (o controlli di lin<span class=\"_ _1\"></span>ea)<span class=\"ff1 ls31 ws70\">, che co<span class=\"_ _0\"></span>stitu<span class=\"_ _0\"></span>iscono la ver<span class=\"_ _0\"></span>a e propria<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff9\"><span class=\"ff2 ls42 ws132\"><span class=\"ff1 ls31 ws70\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs901\">gestione o<span class=\"_ _0\"></span>perativa dei rischi e<span class=\"_ _0\"></span> che hanno l\u2019obiettivo<span class=\"_ _0\"></span> di assicurare il corre<span class=\"_ _0\"></span>tto svolgimento<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs902\">delle operazioni effett<span class=\"_ _0\"></span>uate nell\u2019ambito dei process<span class=\"_ _0\"></span>i aziendali. Tali controlli, messi in atto<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10a gs903\">dai respon<span class=\"_ _0\"></span>sabili delle attiv<span class=\"_ _0\"></span>it\u00e0 <span class=\"ls30 ws122\">ope<span class=\"_ _1\"></span>rativ<span class=\"_ _1\"></span>e (<span class=\"ff5 ls51 ws671\">c.<span class=\"_ _1\"></span>d.<span class=\"_ _1\"></span> ri<span class=\"_ _1c\"></span>s<span class=\"_ _0\"></span>k ow<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>r<span class=\"ff1 ls30 ws122\">), s<span class=\"_ _1\"></span>ono di<span class=\"_ _1\"></span> tipo g<span class=\"_ _1\"></span>erarc<span class=\"_ _1\"></span>hico,<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ls30 ws122\"><span class=\"ff5 ls51 ws671\"><span class=\"ff1 ls30 ws122\"><span class=\"_ _1c\"></span> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsdf gs904\">sist<span class=\"_ _1\"></span>ematic<span class=\"_ _1c\"></span>o e a campi<span class=\"_ _1c\"></span>one, ovv<span class=\"_ _1\"></span>ero in<span class=\"_ _1\"></span>corpo<span class=\"_ _1\"></span>rati <span class=\"_ _1\"></span>nelle p<span class=\"_ _1\"></span>roced<span class=\"_ _1\"></span>ure i<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>matic<span class=\"_ _1\"></span>he di c<span class=\"_ _1c\"></span>ui<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs905\">dispone <span class=\"_ _0\"></span>la Societ\u00e0;<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs906\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws672\">controlli di secondo livello<span class=\"ff1 ls0 ws79\">, volti a v<span class=\"_ _0\"></span>erificare i risch<span class=\"_ _0\"></span>i cui \u00e8 esposta la So<span class=\"_ _0\"></span>ciet\u00e0 nello<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff9\"><span class=\"ff2 ls42 ws672\"><span class=\"ff1 ls0 ws79\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs907\">svolgimento de<span class=\"_ _0\"></span>lla propria attivit\u00e0. Tali contro<span class=\"_ _0\"></span>lli sono effettuati dalla funzione Group<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfa gs908\">Compliance (che<span class=\"_ _0\"></span> riporta alla Dir<span class=\"_ _0\"></span>ezione Rischi) pe<span class=\"_ _0\"></span>r quanto attiene i r<span class=\"_ _0\"></span>ischi di n<span class=\"_ _0\"></span>on<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws24c gs909\">conf<span class=\"_ _0\"></span>ormit\u00e0<span class=\"_ _0\"></span> alla no<span class=\"_ _0\"></span>rmativa<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _15\"> </span><span class=\"ls0 wsf3\">in materia di Ant<span class=\"_ _0\"></span>iriciclaggio, Market<span class=\"_ _0\"></span> Abuse e Conflitto di<span class=\"_ _4ac\"> </span></span></span><span class=\"ls1 ws1\"><span class=\"ls0 wsf3\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws151 gs90a\">Interesse,<span class=\"_ _0\"></span> dalla funzione di Revisione Intern<span class=\"_ _0\"></span>a (Internal Audit) limit<span class=\"_ _0\"></span>atamente alle<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs90b\">procedure amm<span class=\"_ _0\"></span>inistrative e contabili predis<span class=\"_ _0\"></span>poste ai sensi della L. 262/05. Le<span class=\"_ _0\"></span> societ\u00e0<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws6d gs90c\">opera<span class=\"_ _1\"></span>tive p<span class=\"_ _1\"></span>osso<span class=\"_ _1\"></span>no ave<span class=\"_ _1\"></span>re, i<span class=\"_ _1\"></span>n<span class=\"ls0 ws77\">oltre, ulterior<span class=\"_ _0\"></span>i presidi specifici sulla bas<span class=\"_ _0\"></span>e delle attivit<span class=\"_ _0\"></span>\u00e0 svolte;<span class=\"_ _4ac\"> </span></span><span class=\"ls0 ws77\"><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs90d\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws132\">controlli di terzo<span class=\"_ _1\"></span> livello<span class=\"ff1 ls32 wsfb\">, v<span class=\"_ _0\"></span>olt<span class=\"_ _0\"></span>i a v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>aden<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>a pre<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span>, la c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>a, l<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></span></span></span><span class=\"ff9\"><span class=\"ff2 ls42 ws132\"><span class=\"ff1 ls32 wsfb\"> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gs90e\">funzionalit<span class=\"_ _0\"></span>\u00e0 e l\u2019adeguatezza de<span class=\"_ _0\"></span>l SCIGR in relazione alla n<span class=\"_ _0\"></span>atura e all\u2019intensit\u00e0<span class=\"_ _0\"></span> dei rischi e<span class=\"_ _4ac\"> </span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs910\">delle complessive esigenze azien<span class=\"_ _0\"></span>dali. Detti controlli sono messi in atto dalla funzione di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws5c gs911\">Intern<span class=\"_ _0\"></span>al Audit,<span class=\"_ _0\"></span> anche a vale<span class=\"_ _0\"></span>re sulle<span class=\"_ _0\"></span> societ\u00e0 contr<span class=\"_ _0\"></span>ollate.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs912\">Il po<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>oname<span class=\"_ _1\"></span>nto o<span class=\"_ _1c\"></span>rganizz<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>o e i <span class=\"_ _1c\"></span>riporti<span class=\"_ _1\"></span> gera<span class=\"_ _1\"></span>rchic<span class=\"_ _1\"></span>i ch<span class=\"_ _1\"></span>e ca<span class=\"_ _1\"></span>ratteri<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>no le<span class=\"_ _1\"></span> str<span class=\"_ _1\"></span>uttur<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>rollo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs913\">di secondo e terzo<span class=\"_ _0\"></span> livello ne assicurano l\u2019indipenden<span class=\"_ _0\"></span>za dalle funzioni di gestione operativa<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws7a gs914\">Al fine di a<span class=\"_ _0\"></span>ssicurare il cor<span class=\"_ _0\"></span>retto funz<span class=\"_ _0\"></span>ionamento di t<span class=\"_ _0\"></span>ale sistem<span class=\"_ _0\"></span>a sono state adott<span class=\"_ _0\"></span>ate regol<span class=\"_ _0\"></span>e interne, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws151 gs915\">tecniche di misur<span class=\"_ _0\"></span>azione e meccanismi di controllo formalmente descr<span class=\"_ _0\"></span>itti in specifiche </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs916\">procedure azien<span class=\"_ _0\"></span>dali.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs917\">L\u2019effett<span class=\"_ _0\"></span>ivo funzionamento e la verifica di adeguatezza del SCIGR sono affidati alla res<span class=\"_ _0\"></span>ponsabilit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs918\">dei seguenti Organ<span class=\"_ _0\"></span>i e Funzioni aziendali:<span class=\"ls1 ws1\"> </span></div><div class=\"gs919\"><table class=\"s wafd h4ad\" id=\"_beb0f395-c555-4dd1-afab-95f2a46afd3f\"><tr><td></td><td class=\"c xc8f y382c w1ba h96\"><div class=\"t m0 xd9 h2 y8 ff2 fs0 fc0 sc0 lse ws16\">Anima Ho<span class=\"_ _0\"></span>lding<span class=\"ls1 ws1\"> </span></div></td></tr><tr><td class=\"t m0 xc90 h80 y382d ff8 fs0 fc0 sc0 ls1 ws1\">\u2022</td><td class=\"c xc8f y382e w1ba h276\"><div class=\"t m0 x16 h2 y243b ff9 fs0 fc0 sc0 ls1 ws1\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws0\">Consiglio di Amm<span class=\"_ _0\"></span>inistrazione;</span><span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c n x212 y3830 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y3832 waff h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls0 ws15\">Collegio<span class=\"_ _0\"></span> Sindacale;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y3833 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y3834 wb00 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls30 ws27\">Ammi<span class=\"_ _1\"></span>nistra<span class=\"_ _1c\"></span>tore Del<span class=\"_ _1\"></span>egato e<span class=\"_ _1c\"></span> Dirett<span class=\"_ _1\"></span>ore Gen<span class=\"_ _1\"></span>eral<span class=\"_ _1\"></span>e;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y3835 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y3836 wb01 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls1d ws85\">Condi<span class=\"_ _0\"></span>rett<span class=\"_ _0\"></span>ore Gene<span class=\"_ _0\"></span>rale<span class=\"_ _0\"></span>;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y3837 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y3838 wb02 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls0 ws15\">Comitato<span class=\"_ _0\"></span> Controlli, <span class=\"_ _0\"></span>Rischi e Sost<span class=\"_ _0\"></span>enibilit\u00e0;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y3839 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y383a wb03 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls0 ws0\">Responsabile de<span class=\"_ _0\"></span>lla funzione Internal Audit;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y383b wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y383c wb04 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls0 ws0\">Responsabile de<span class=\"_ _0\"></span>lla direzione Rischi (\u201cGroup Ch<span class=\"_ _0\"></span>ief<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xc92 h2 y383d ff1 fs0 fc0 sc0 ls11 ws29\">Risk Office\u201d);<span class=\"ls1 ws1\"> </span></td></tr><tr><td class=\"c n x212 y383e wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y383f wb05 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls0 ws0\">Responsabile de<span class=\"_ _0\"></span>lla funzione Group Compliance;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y3840 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y3842 wb06 h4ae\"><div class=\"t m0 x1fa h2 y3841 ff1 fs0 fc0 sc0 ls1c ws26\">Dirig<span class=\"_ _1\"></span>ente Pr<span class=\"_ _1\"></span>epost<span class=\"_ _1\"></span>o ex a<span class=\"_ _1\"></span>rt. 15<span class=\"_ _1\"></span>4 bis del<span class=\"_ _1\"></span> TU<span class=\"_ _1\"></span>F;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"t m0 xc90 h80 y3843 ff8 fs0 fc0 sc0 ls1 ws1\">\u2022</td><td class=\"c xc8f y382e w1ba h276\"><div class=\"t m0 x16 h2 y8 ff9 fs0 fc0 sc0 ls1 ws1\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls1d ws85\">Or<span class=\"_ _0\"></span>ganismo<span class=\"_ _0\"></span> di Vigil<span class=\"_ _0\"></span>anz<span class=\"_ _0\"></span>a ex D.L<span class=\"_ _0\"></span>gs. 231/<span class=\"_ _0\"></span>2001.</span><span class=\"ff1\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs91a\">In gener<span class=\"_ _0\"></span>ale il perimetro dei risch<span class=\"_ _0\"></span>i individuati e pre<span class=\"_ _0\"></span>sidiati dal Gruppo<span class=\"_ _0\"></span> Anima include: (i) i risch<span class=\"_ _0\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs91b\">che atten<span class=\"_ _0\"></span>gono i processi aziendali t<span class=\"_ _0\"></span>ipici (i \u201cRischi di im<span class=\"_ _0\"></span>presa\u201d),<span class=\"_ _0\"></span> (ii) quelli riguar<span class=\"_ _0\"></span>danti i processi di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs91c\">investimento<span class=\"_ _0\"></span> applicati ai patrimoni collett<span class=\"_ _0\"></span>ivi o individuali gestit<span class=\"_ _0\"></span>i (i \u201cRischi dei portafogli gestit<span class=\"_ _0\"></span>i\u201d) </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs91d\">e (iii) i rischi conne<span class=\"_ _0\"></span>ssi all\u2019inf<span class=\"ls11 ws29\">ormativa finanziar<span class=\"_ _0\"></span>ia (ex art. 123 bis, c. 2, lett. B) del TUF).<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs91e\">Sono cons<span class=\"_ _0\"></span>iderati rischi d\u2019impres<span class=\"_ _0\"></span>a i rischi di su<span class=\"_ _0\"></span>bire impatti negativi su<span class=\"_ _0\"></span>i risultati econom<span class=\"_ _0\"></span>ici e sulla </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws172 gs91f\">situazione patrimoniale e fin<span class=\"_ _0\"></span>anziaria di ciascuna societ\u00e0 del Gruppo An<span class=\"_ _0\"></span>ima (fino al caso estremo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs920\">di porre in pericolo<span class=\"_ _0\"></span> la continuit\u00e0 aziendale).<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs921\">Nell\u2019ambito<span class=\"_ _0\"></span> dell\u2019<span class=\"ff5 ls51 ws71\">Ente<span class=\"_ _0\"></span>rpr<span class=\"_ _1c\"></span>i<span class=\"_ _1\"></span>se<span class=\"_ _13\"></span> Ri<span class=\"_ _1\"></span>sk M<span class=\"_ _13\"></span>a<span class=\"_ _d\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _1c\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"ff1 ls1 ws1\"> <span class=\"ls11 wscf\">(\u201cERM\u201d) Framewor<span class=\"_ _0\"></span>k del Gruppo Anima sono stati </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf0 gs922\">individuate<span class=\"_ _0\"></span> le seguenti categorie di rischi d\u2019impresa, intesi come rischi che potre<span class=\"_ _0\"></span>bbero </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs923\">impa<span class=\"_ _1\"></span>ttare i<span class=\"_ _1\"></span>l Grup<span class=\"_ _1\"></span>po <span class=\"_ _1\"></span>nel su<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpless<span class=\"_ _1\"></span>o e/o <span class=\"_ _1\"></span>una o p<span class=\"_ _1\"></span>i\u00f9 de<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1\"></span> che l<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>tituis<span class=\"_ _1\"></span>cono<span class=\"_ _1\"></span>:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs924\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws673\">Rischio Operativo<span class=\"ff1 ls0 wsd5\">, il rischio di subire im<span class=\"_ _0\"></span>patti negativ<span class=\"_ _0\"></span>i sui risultati economici de<span class=\"_ _0\"></span>lla </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs925\">Societ\u00e0 o<span class=\"_ _0\"></span> del <span class=\"ls11 ws64\">Gruppo Anima a seguito di un accadimento<span class=\"_ _0\"></span> legato a cause di natura </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs926\">operativ<span class=\"_ _0\"></span>a (gestione delle risorse<span class=\"_ _0\"></span> umane, dei processi, della tecnolo<span class=\"_ _0\"></span>gia ed eventi esterni). </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfa gs927\">Sono esclu<span class=\"_ _0\"></span>si i rischi derivant<span class=\"_ _0\"></span>i dalla gest<span class=\"_ _0\"></span>ione dei reclami e<span class=\"_ _0\"></span> i rischi legali, i r<span class=\"_ _0\"></span>ischi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws28 gs928\">rep<span class=\"_ _1\"></span>utazi<span class=\"_ _1\"></span>ona<span class=\"ls0 ws0\">li, strategici e finanziari;<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs929\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws450\">Rischio Reputazionale<span class=\"ff1 ls0 ws54\">, il rischio di su<span class=\"_ _0\"></span>bire impatti negativi s<span class=\"_ _0\"></span>ui risultat<span class=\"_ _0\"></span>i economici della </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws198 gs92a\">Societ\u00e0<span class=\"_ _0\"></span> o del Gruppo Anim<span class=\"_ _0\"></span>a in seguito al dan<span class=\"_ _0\"></span>neggiamento de<span class=\"_ _0\"></span>lla reputazione de<span class=\"_ _0\"></span>lla </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs92b\">Societ\u00e0 o del Gruppo Anima presso terzi. Gli impatti negativi sul conto economico della </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsf1 gs92c\">Soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _1\"></span>o del G<span class=\"_ _1c\"></span>rup<span class=\"ls0 ws75\">po Anima derivano principalme<span class=\"_ _0\"></span>nte dalla diminuzione dei ricavi </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs92d\">conseguenti alla<span class=\"_ _0\"></span> riduzione dei volumi di affari, ma possono deriv<span class=\"_ _0\"></span>are dall\u2019incremento dei </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs92e\">costi che la Societ\u00e0 o il Gruppo Anima decide di sostenere per limitare gli impatti <span class=\"ls2f ws58\">di </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs92f\">eventi <span class=\"_ _0\"></span>reputazionali n<span class=\"_ _0\"></span>egativi;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs931\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws674\">Rischio Strategico<span class=\"ff1 ls0 wsb0\">, il rischio di su<span class=\"_ _0\"></span>bire impatti ne<span class=\"_ _0\"></span>gativi sui risultati econ<span class=\"_ _0\"></span>omici e sulla </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws97 gs932\">situazione patrimon<span class=\"_ _0\"></span>iale e finanziaria della Societ\u00e0 o del Gruppo Anima in seguito </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws75 gs933\">all\u2019errat<span class=\"_ _0\"></span>a definizione delle str<span class=\"_ _0\"></span>ategie aziendali. Il risch<span class=\"_ _0\"></span>io strategico \u00e8 funzione della </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs934\">compatibilit<span class=\"_ _0\"></span>\u00e0<span class=\"ls1 ws1\">  </span><span class=\"wsc1\">fra gli obiettivi st<span class=\"_ _0\"></span>rategici dell\u2019azie<span class=\"_ _0\"></span>nda, il contes<span class=\"_ _0\"></span>to esterno, le<span class=\"_ _0\"></span> strategie </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs935\">programmate per<span class=\"_ _0\"></span> il raggiungimento de<span class=\"_ _0\"></span>gli obiettivi strategic<span class=\"_ _0\"></span>i, le risorse dedicate allo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs936\">scopo e la qualit\u00e0 de<span class=\"_ _0\"></span>ll\u2019implementazione delle<span class=\"_ _0\"></span> strategie definite;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs937\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws33f\">Rischio di Business<span class=\"ff1 ls0 ws77\">, il rischio che<span class=\"_ _0\"></span> la Societ\u00e0 o il Gruppo Anim<span class=\"_ _0\"></span>a non riesca a raggiungere </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws75 gs938\">i propri o<span class=\"_ _0\"></span>biettivi finanziari e/o o<span class=\"_ _0\"></span>perativi a caus<span class=\"_ _0\"></span>a di fattori intern<span class=\"_ _0\"></span>i e/o esterni che </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws151 gs939\">influen<span class=\"_ _0\"></span>zano negativamente la sua attivit\u00e0 e l\u2019<span class=\"_ _0\"></span>implementazione delle str<span class=\"_ _0\"></span>ategie di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsbd gs93a\">busi<span class=\"_ _1\"></span>ness<span class=\"_ _1\"></span>. Ques<span class=\"_ _1c\"></span>ti <span class=\"ls0 wsfe\">fattor<span class=\"_ _0\"></span>i possono inc<span class=\"_ _0\"></span>ludere cambiamenti nel merc<span class=\"_ _0\"></span>ato, riduzione de<span class=\"_ _0\"></span>lla </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws134 gs93b\">doma<span class=\"_ _1\"></span>nda dei<span class=\"_ _1\"></span> prod<span class=\"_ _1c\"></span>otti o s<span class=\"_ _1\"></span>ervizi<span class=\"_ _1c\"></span>, aument<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>la conc<span class=\"_ _1c\"></span>orrenza<span class=\"_ _1\"></span>, evol<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne no<span class=\"_ _1\"></span>rmativ<span class=\"_ _1\"></span>a, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs93c\">fluttuazion<span class=\"_ _0\"></span>i dei costi operativi o inefficienz<span class=\"_ _0\"></span>e interne;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs93d\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws675\">Rischio Finanziario<span class=\"ff1 ls0 ws99\">, il rischio di subire impatti negativi sui risultati economici e sulla </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws8d gs93e\">situa<span class=\"_ _1c\"></span>zione pa<span class=\"_ _1c\"></span>trimoni<span class=\"_ _1\"></span>ale<span class=\"_ _1\"></span> e fina<span class=\"_ _1\"></span>nziari<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>la S<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1\"></span> o del<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima i<span class=\"_ _1\"></span>n seg<span class=\"_ _1\"></span>uito a<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs93f\">perdite subite<span class=\"_ _0\"></span> dagli strumenti finanziar<span class=\"_ _0\"></span>i e dagli altr<span class=\"_ _0\"></span>i attivi in cui sia in<span class=\"_ _0\"></span>vestito il portafo<span class=\"_ _0\"></span>glio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gs940\">d<span class=\"lsf ws92\">i p<span class=\"_ _1\"></span>ropri<span class=\"_ _1\"></span>et\u00e0 d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>Soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span> Grupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1c\"></span>ma (ri<span class=\"_ _1\"></span>entra<span class=\"_ _1\"></span> in q<span class=\"_ _1c\"></span>uesta fa<span class=\"_ _1\"></span>ttis<span class=\"_ _1c\"></span>pecie il<span class=\"_ _1\"></span> risc<span class=\"_ _1c\"></span>hio di<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs941\">credito derivant<span class=\"_ _0\"></span>e dai depositi di liquidit<span class=\"_ _0\"></span>\u00e0);<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs942\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws316\">Rischio di Sostenibilit\u00e0<span class=\"ff1 ls0 ws5f\">, il rischio di subir<span class=\"_ _0\"></span>e impatti ne<span class=\"_ _0\"></span>gativi sui risult<span class=\"_ _0\"></span>ati economici e sulla </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs943\">situazione<span class=\"_ _0\"></span> patrimoniale e fin<span class=\"_ _0\"></span>anziaria della Societ\u00e0 o de<span class=\"_ _0\"></span>l Gruppo Anima in seguito alla </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs944\">possibilit\u00e0<span class=\"_ _0\"></span> che si verifichi un<span class=\"_ _0\"></span> evento o una condizione av<span class=\"_ _0\"></span>versa di tipo ambient<span class=\"_ _0\"></span>ale, sociale </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs945\">o di <span class=\"ls11 ws29\">governance (\u201cESG\u201d);<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs946\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws450\">Rischio connesso a<span class=\"_ _1\"></span> garanzie rilasciate su<span class=\"_ _1\"></span> fondi pensione<span class=\"ff1 ls0 ws54\">, il rischio di subire impatti </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs947\">negativi sui risult<span class=\"_ _0\"></span>ati economici e sulla situazione patr<span class=\"_ _0\"></span>imoniale e finanziaria della Societ\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws96 gs948\">o del G<span class=\"_ _1c\"></span>ruppo A<span class=\"_ _1\"></span>nima i<span class=\"_ _1\"></span>n segui<span class=\"_ _1c\"></span>to alle p<span class=\"_ _1\"></span>erdi<span class=\"_ _1\"></span>te con<span class=\"_ _1\"></span>nesse al<span class=\"_ _1\"></span> rei<span class=\"_ _1\"></span>nteg<span class=\"_ _1\"></span>ro a fav<span class=\"_ _1\"></span>ore deg<span class=\"_ _1\"></span>li ad<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs949\">a fond<span class=\"_ _1\"></span>i pen<span class=\"_ _1\"></span>sione<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>ti dal G<span class=\"_ _1\"></span>ruppo A<span class=\"_ _1c\"></span>nima, <span class=\"ls0 ws15\">per i quali lo ste<span class=\"_ _0\"></span>sso abbia rilasc<span class=\"_ _0\"></span>iato garanzie </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs94a\">di restituz<span class=\"_ _0\"></span>ione del capitale o di rendimento minimo;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs94b\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws15a\">Rischio di Compliance e Lega<span class=\"_ _0\"></span>le<span class=\"ff1 ls30 ws27\">, p<span class=\"_ _1\"></span>u\u00f2 ess<span class=\"_ _1\"></span>ere a <span class=\"_ _1\"></span>sua v<span class=\"_ _1\"></span>olta s<span class=\"_ _1c\"></span>uddivis<span class=\"_ _1\"></span>o in:<span class=\"ls1 ws1\"> </span></span></span></span></div><div class=\"t m0 h2 ff2a fs0 fc0 sc0 ls1 ws1 gs94c\">\u2212<span class=\"ff9\"> <span class=\"_ _b2\"> </span><span class=\"ff2 ls0 ws9e\">risch<span class=\"_ _0\"></span>io di compliance<span class=\"ff1\">: il rischio<span class=\"_ _0\"></span> di perdite o danni finanziari derivan<span class=\"_ _0\"></span>ti da una </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs94d\">violazione delle le<span class=\"_ _0\"></span>ggi e <span class=\"_ _1\"></span>dei regolament<span class=\"_ _0\"></span>i applicabili o dalla mancata osservanza di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs94e\">norme e re<span class=\"_ _0\"></span>golamenti interni o<span class=\"_ _0\"></span> esterni o di prassi di m<span class=\"_ _0\"></span>ercato. In<span class=\"_ _0\"></span> tali circostanze<span class=\"_ _0\"></span> la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse wsea gs94f\">perdit<span class=\"_ _0\"></span>a o il danno pu\u00f2 pre<span class=\"_ _0\"></span>se<span class=\"ls30 wsaa\">nta<span class=\"_ _1\"></span>rsi s<span class=\"_ _1\"></span>otto fo<span class=\"_ _1\"></span>rma<span class=\"_ _1\"></span> di mul<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>e e sa<span class=\"_ _1c\"></span>nzioni i<span class=\"_ _1c\"></span>mposte d<span class=\"_ _1\"></span>alle<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsf0 gs950\">autorit\u00e0<span class=\"_ _0\"></span> di regolamentazione e/o dalle autorit\u00e0 penali o altre, s<span class=\"_ _0\"></span>anzioni quali </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs951\">restrizioni de<span class=\"_ _0\"></span>lle attivit\u00e0 commerciali, impo<span class=\"_ _0\"></span>sizione di misure correttive obbligator<span class=\"_ _0\"></span>ie </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gs952\">(comp<span class=\"_ _0\"></span>reso il mon<span class=\"_ _0\"></span>i<span class=\"ls0 ws0\">toraggio) o<span class=\"_ _0\"></span> persino la perdita della licenza;<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff2a fs0 fc0 sc0 ls1 ws1 gs953\">\u2212<span class=\"ff9\"> <span class=\"_ _b2\"> </span><span class=\"ff2 ls42 ws676\">rischio legale<span class=\"ff1 ls0 ws76\">: rischio legato alle potenziali perdite finanziarie o danni derivanti da </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs954\">controvers<span class=\"_ _0\"></span>ie legali, reclami, cause civili o a<span class=\"_ _0\"></span>zioni legali intraprese contro la Societ<span class=\"_ _0\"></span>\u00e0 o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws107 gs955\">il G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma. Q<span class=\"_ _1\"></span>uesto<span class=\"_ _1\"></span> tipo<span class=\"_ _1\"></span> di ri<span class=\"_ _1\"></span>schi<span class=\"_ _1\"></span>o pu<span class=\"_ _1\"></span>\u00f2 de<span class=\"_ _1\"></span>riva<span class=\"_ _1\"></span>re da <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>tratti<span class=\"_ _1\"></span> non <span class=\"_ _1\"></span>adeg<span class=\"_ _1\"></span>uati <span class=\"_ _1\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs956\">incompleti,<span class=\"ls1 ws1\"> </span><span class=\"wsae\">violazioni di leggi o regolamenti, negligen<span class=\"_ _0\"></span>za o altri comportamenti ille<span class=\"_ _0\"></span>citi </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs957\">che espon<span class=\"_ _0\"></span>gono l'organizzazi<span class=\"_ _0\"></span>one a respons<span class=\"_ _0\"></span>abilit\u00e0 legale<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs958\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws5e\">Rischio di Liquidit<span class=\"_ _1\"></span>\u00e0<span class=\"ff1 ls0 ws8c\">, pos<span class=\"_ _0\"></span>sibilit\u00e0 che la Societ\u00e0 o il Gruppo Anima non sia in grado di far<span class=\"_ _1\"></span> </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs959\">fronte alle richieste di liquidit<span class=\"_ _0\"></span>\u00e0 dei propri clienti o di adempiere agli o<span class=\"_ _1\"></span>bblighi fina<span class=\"_ _0\"></span>nziari </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs95a\">nei tem<span class=\"_ _0\"></span>pi previsti;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs95b\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 lse wsa2\">Rischio<span class=\"_ _0\"></span> di Leva Finan<span class=\"_ _0\"></span>ziaria eccess<span class=\"_ _0\"></span>iva<span class=\"ff1 ls0 ws10a\">, il risch<span class=\"_ _0\"></span>io che un livello di indebit<span class=\"_ _0\"></span>amento </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9c gs95c\">particolarment<span class=\"_ _0\"></span>e elevato rispetto alla dotazione di mezzi propri renda la Societ<span class=\"_ _0\"></span>\u00e0 o il </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfd gs95d\">Gruppo Anima vulnerabile,<span class=\"_ _0\"></span> richiedendo l\u2019adozione di misure corr<span class=\"_ _0\"></span>ettive al Piano </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs95e\">industriale<span class=\"_ _0\"></span>;<span class=\"_ _4ac\"> </span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs960\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws677\">Rischio Sistemico<span class=\"ff1 ls0 ws8b\">, il rischio che<span class=\"_ _0\"></span> l'insolvenza o il fallime<span class=\"_ _0\"></span>nto di uno<span class=\"_ _0\"></span> o pi\u00f9 operatori del </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gs961\">mercato determ<span class=\"_ _0\"></span>ini generalizz<span class=\"_ _0\"></span>ati fenomeni d'insolven<span class=\"_ _0\"></span>za o fallimenti a cat<span class=\"_ _0\"></span>ena di altri </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs962\">intermediar<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsba gs963\">L\u2019Ent<span class=\"_ _1\"></span>erpri<span class=\"_ _1\"></span>se Ris<span class=\"_ _1\"></span>k Ma<span class=\"_ _1\"></span>nagem<span class=\"_ _1c\"></span>ent costi<span class=\"_ _1\"></span>tuisc<span class=\"_ _1\"></span>e per<span class=\"_ _1\"></span>tant<span class=\"_ _1\"></span>o un fra<span class=\"_ _1c\"></span>mework in<span class=\"_ _1\"></span>tegra<span class=\"_ _1c\"></span>to e coere<span class=\"_ _1\"></span>nte p<span class=\"_ _1\"></span>er la </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs964\">gestione dei rischi di impresa, inc<span class=\"_ _0\"></span>rementando la complessiva resilien<span class=\"_ _0\"></span>za del Gruppo Anima e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws100 gs965\">delle s<span class=\"_ _1\"></span>ocie<span class=\"_ _1\"></span>t\u00e0 cont<span class=\"_ _1\"></span>rollate. Ta<span class=\"_ _1\"></span>le m<span class=\"_ _1\"></span>odell<span class=\"_ _1\"></span>o preved<span class=\"_ _1c\"></span>e la converg<span class=\"_ _1\"></span>enza <span class=\"_ _1\"></span>tra le <span class=\"_ _1\"></span>funz<span class=\"lse ws68\">ioni di gest<span class=\"_ _0\"></span>ione del </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs966\">risc<span class=\"_ _1\"></span>hio t<span class=\"_ _1\"></span>ramite<span class=\"_ _1\"></span>, l\u2019ad<span class=\"_ _1\"></span>ozio<span class=\"_ _1\"></span>ne di:<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs967\">-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws0\">linee guida comun<span class=\"_ _0\"></span>i (per esempio il reporting e la gest<span class=\"_ _0\"></span>ione dei processi di escalat<span class=\"_ _0\"></span>ion);</span><span class=\"ff1\"> </span></span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs968\">-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls31 wsa1\">un coere<span class=\"_ _0\"></span>nte appro<span class=\"_ _0\"></span>ccio met<span class=\"_ _0\"></span>odolo<span class=\"_ _0\"></span>gico e strument<span class=\"_ _0\"></span>i/si<span class=\"_ _0\"></span>stemi per la<span class=\"_ _0\"></span> gestione d<span class=\"_ _0\"></span>ei risch<span class=\"_ _0\"></span>i di </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws5c gs969\">impre<span class=\"_ _0\"></span>sa;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs96a\">-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls30 wsba\">flussi<span class=\"_ _1\"></span> e mod<span class=\"_ _1\"></span>alit\u00e0<span class=\"_ _1c\"></span> di coo<span class=\"_ _1\"></span>rdina<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span>, scamb<span class=\"_ _1\"></span>io i<span class=\"_ _1c\"></span>nformati<span class=\"_ _1\"></span>vo e i<span class=\"_ _1\"></span>nteg<span class=\"_ _1\"></span>razi<span class=\"_ _1\"></span>one n<span class=\"_ _1\"></span>ella s<span class=\"_ _1c\"></span>truttura<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d ws2b gs96b\">gover<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs96c\">Pi\u00f9 in partico<span class=\"_ _0\"></span>lare il Framework ERM prevede: <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs96d\">-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws139\">l\u2019identific<span class=\"_ _0\"></span>azione dei risch<span class=\"_ _0\"></span>i rilevanti da valutare<span class=\"_ _0\"></span> (c.d \u201cRisk Assessme<span class=\"_ _0\"></span>nt\u201d o \u201cRisk </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws61 gs96e\">Identific<span class=\"_ _0\"></span>ation\u201d) ovvero quelli che possono avere impatti significativi sull\u2019equilibr<span class=\"_ _0\"></span>io </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1f gs96f\">econ<span class=\"_ _1\"></span>omico<span class=\"_ _1\"></span><span class=\"ls1 ws1\">-<span class=\"ls0 ws62\">finanziario e patrimoniale del Gruppo Anima, ostacolan<span class=\"_ _0\"></span>do o limitando il </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws16 gs970\">pieno<span class=\"ls1 ws1\"> <span class=\"ls0 ws77\">raggiungimento dei propr<span class=\"_ _0\"></span>i obiettivi strategici ed oper<span class=\"_ _0\"></span>ativi, cui il Gruppo Anima \u00e8 o </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws5a gs971\">potreb<span class=\"_ _1\"></span>be es<span class=\"_ _1c\"></span>sere esp<span class=\"_ _1c\"></span>osto, in <span class=\"_ _1c\"></span>ottica a<span class=\"_ _1\"></span>ttual<span class=\"_ _1\"></span>e e pr<span class=\"_ _1\"></span>ospet<span class=\"_ _1\"></span>tica, <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>di s<span class=\"_ _1\"></span>pecifi<span class=\"_ _1\"></span>ci cri<span class=\"_ _1\"></span>teri d<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs972\">rilevanza; <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs973\">-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws274\">l\u2019identific<span class=\"_ _0\"></span>azione e l\u2019implementazione del \u201cRisk Appetite Framework\u201d (\u201cR<span class=\"_ _0\"></span>AF\u201d), che </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws84 gs974\">rapp<span class=\"_ _1\"></span>resen<span class=\"_ _1\"></span>ta l\u2019i<span class=\"_ _1c\"></span>nsieme d<span class=\"_ _1c\"></span>i metodol<span class=\"_ _1c\"></span>ogie, p<span class=\"_ _1\"></span>roces<span class=\"_ _1\"></span>si, p<span class=\"_ _1\"></span>olicy<span class=\"_ _1\"></span>, co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span> siste<span class=\"_ _1\"></span>mi a<span class=\"_ _1\"></span>ttrav<span class=\"_ _1\"></span>erso c<span class=\"_ _1c\"></span>ui </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws154 gs975\">il Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>espri<span class=\"_ _1\"></span>me la p<span class=\"_ _1c\"></span>ropria p<span class=\"_ _1\"></span>rope<span class=\"_ _1\"></span>nsion<span class=\"_ _1\"></span>e al ri<span class=\"_ _1\"></span>schio (<span class=\"_ _1c\"></span>nonch\u00e9 <span class=\"_ _1\"></span>ulte<span class=\"_ _1\"></span>rior<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs976\">decl<span class=\"ls0 ws54\">in<span class=\"_ _0\"></span>ata nelle sue componenti afferenti alle<span class=\"_ _0\"></span> societ\u00e0 controllate) e<span class=\"_ _0\"></span> definita in coeren<span class=\"_ _0\"></span>za </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs977\">con le indicaz<span class=\"_ _0\"></span>ioni normative e in linea con le leading practic<span class=\"_ _0\"></span>e di settore;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs978\">-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws77\">l\u2019adozione di st<span class=\"_ _0\"></span>rumenti comun<span class=\"_ _0\"></span>i di monitoraggio e r<span class=\"_ _0\"></span>eporting verso gli st<span class=\"_ _0\"></span>akeholder intern<span class=\"_ _0\"></span>i </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs979\">ed est<span class=\"_ _1\"></span>erni;<span class=\"_ _1\"></span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ffb fs0 fc0 sc0 ls1 ws1 gs97a\">-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws77\">lo scambio di flu<span class=\"_ _0\"></span>ssi tra le<span class=\"_ _0\"></span> funzioni di con<span class=\"_ _0\"></span>trollo e con la Dir<span class=\"_ _0\"></span>ezione Rischi di Anim<span class=\"_ _0\"></span>a Holding </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs97b\">sia per le<span class=\"_ _0\"></span> attivit\u00e0 ordinarie<span class=\"_ _0\"></span> sia in caso di situazion<span class=\"_ _0\"></span>i di escalation<span class=\"_ _0\"></span> e definizione piani di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws1f gs97c\">rient<span class=\"_ _1\"></span>ro.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs97d\">Con riferimen<span class=\"_ _0\"></span>to ai rischi di natura st<span class=\"_ _0\"></span>rategica, la Soc<span class=\"_ _0\"></span>iet\u00e0 si \u00e8 dotata di un presidio<span class=\"_ _0\"></span> specifico </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs97e\">all\u2019interno<span class=\"_ _0\"></span> della Direzione Rischi, tramite il servizio <span class=\"ff5 ls38 ws5f\">Strate<span class=\"_ _0\"></span>gy<span class=\"_ _0\"></span> &amp;<span class=\"_ _0\"></span> R<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k</span><span class=\"ls30 ws6d\">, che <span class=\"_ _1c\"></span>svolge a<span class=\"_ _1\"></span>nalisi<span class=\"_ _1c\"></span> mirate<span class=\"_ _1\"></span>, sia<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs97f\">di ti<span class=\"_ _1\"></span>po qua<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>tativ<span class=\"_ _1\"></span>o, sia<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> tipo q<span class=\"_ _1c\"></span>uantita<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>o, in a<span class=\"_ _1c\"></span>mbito di<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1c\"></span>nima.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsf1 gs980\">Tenu<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>onto <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> la S<span class=\"_ _1c\"></span>ociet\u00e0 <span class=\"_ _1\"></span>svolg<span class=\"_ _1c\"></span>e in pr<span class=\"_ _1\"></span>eval<span class=\"_ _1\"></span>enza<span class=\"_ _1\"></span> attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> dig<span class=\"_ _1\"></span>estio<span class=\"_ _1\"></span>ne d<span class=\"_ _1\"></span>elle<span class=\"_ _1\"></span> part<span class=\"_ _1c\"></span>ecipazi<span class=\"_ _1\"></span>oni,<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs981\">l\u2019esposizion<span class=\"_ _0\"></span>e ai rischi operativi della stessa risulta poco rilevante. Il pres<span class=\"_ _0\"></span>idio e il <span class=\"ls31 ws5c\">monitoragg<span class=\"_ _0\"></span>io </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs982\">articolato<span class=\"_ _0\"></span> dei rischi operativi sono<span class=\"_ _0\"></span> invece previsti all\u2019interno de<span class=\"_ _0\"></span>lle societ\u00e0 operative del Gruppo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs983\">Anima. La Societ<span class=\"_ _0\"></span>\u00e0 mantiene peraltro una visione di insieme dell\u2019e<span class=\"_ _0\"></span>sposizione ai rischi operativi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs984\">dell\u2019inter<span class=\"_ _0\"></span>o Gruppo Anima mediante un sistema di<span class=\"ls1 ws1\"> <span class=\"_ _d\"></span><span class=\"ls0 ws82\">r<span class=\"_ _0\"></span>eporting alimentato dalle soc<span class=\"_ _0\"></span>iet\u00e0 controllate. </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs985\">La Societ\u00e0, e le sue controllate ove r<span class=\"_ _0\"></span>ilevante, si sono inoltre dotate di policy e presidi specifici </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws10b gs986\">per <span class=\"_ _1\"></span>moni<span class=\"_ _1\"></span>torar<span class=\"_ _1\"></span>e i ri<span class=\"_ _1\"></span>schi<span class=\"_ _1c\"></span> finanzia<span class=\"_ _1c\"></span>ri che s<span class=\"_ _1\"></span>i po<span class=\"_ _1\"></span>ssono <span class=\"_ _1\"></span>orig<span class=\"_ _1\"></span>inar<span class=\"_ _1\"></span>e in p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>enza d<span class=\"_ _1\"></span>i una<span class=\"_ _1\"></span> ecced<span class=\"_ _1c\"></span>enza di<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs987\">liquidit\u00e0 azien<span class=\"_ _0\"></span>dale disponibile per finalit<span class=\"_ _0\"></span>\u00e0 di investimento.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs988\">Con spec<span class=\"_ _0\"></span>ifico riferimento ai ris<span class=\"_ _0\"></span>chi di sostenibilit\u00e0 la S<span class=\"_ _0\"></span>ociet\u00e0 ha progres<span class=\"_ _0\"></span>sivamente integrato<span class=\"_ _0\"></span> tali </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs989\">aspetti, tras<span class=\"_ _0\"></span>versalmente presenti nelle att<span class=\"_ _0\"></span>ivit\u00e0 aziendali proprie e delle contro<span class=\"_ _0\"></span>llate, nelle policy </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs98a\">e nell<span class=\"_ _1\"></span>e proced<span class=\"_ _1c\"></span>ure in es<span class=\"_ _1\"></span>sere.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs98b\">Il Consiglio<span class=\"_ _0\"></span> di Amministrazione<span class=\"_ _0\"></span> della Societ\u00e0, con il suppor<span class=\"_ _0\"></span>to del Comitato Cont<span class=\"_ _0\"></span>rolli e Rischi e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gs98c\">Sostenibilit\u00e0,<span class=\"_ _0\"></span> accerta la natura ed il livello di rischio compatibile<span class=\"_ _0\"></span> con gli obiettivi aziendali, tenuto<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gs98e\">conto di par<span class=\"_ _0\"></span>ametri collegati al risultato di gest<span class=\"_ _0\"></span>ione, al patrimonio netto<span class=\"_ _0\"></span> e alla posizione </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs98f\">finanziaria net<span class=\"_ _0\"></span>ta della Societ\u00e0.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws11a gs990\">Per q<span class=\"_ _1c\"></span>uanto c<span class=\"_ _1\"></span>once<span class=\"_ _1\"></span>rne l<span class=\"_ _1\"></span>\u2019info<span class=\"_ _1\"></span>rmativ<span class=\"_ _1\"></span>a fi<span class=\"_ _1c\"></span>nanziari<span class=\"_ _1\"></span>a l<span class=\"_ _1\"></span>o SCIG<span class=\"_ _1c\"></span>R si sos<span class=\"_ _1\"></span>tanzia<span class=\"_ _1\"></span> in <span class=\"_ _1\"></span>una se<span class=\"_ _1\"></span>rie di<span class=\"_ _1\"></span> pro<span class=\"_ _1c\"></span>cedure<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws10b gs991\">ammi<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>trativ<span class=\"_ _1\"></span>e e c<span class=\"_ _1c\"></span>ontabi<span class=\"_ _1\"></span>li, a<span class=\"_ _1\"></span>ssis<span class=\"_ _1\"></span>tite d<span class=\"_ _1\"></span>a app<span class=\"_ _1c\"></span>osite<span class=\"_ _1\"></span> app<span class=\"_ _1\"></span>licaz<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> info<span class=\"_ _1c\"></span>rmatic<span class=\"_ _1\"></span>he, e d<span class=\"_ _1\"></span>i st<span class=\"_ _1c\"></span>rumenti<span class=\"_ _1c\"></span> di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws7b gs992\">valutaz<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span> dell\u2019a<span class=\"_ _1\"></span>degua<span class=\"_ _1c\"></span>tezza e d<span class=\"_ _1c\"></span>ell\u2019effet<span class=\"_ _1\"></span>tivo f<span class=\"_ _1c\"></span>unziona<span class=\"_ _1\"></span>mento d<span class=\"_ _1\"></span>elle s<span class=\"_ _1\"></span><span class=\"ls0 ws74\">tesse (modello di \u201cfinancial </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gs993\">risk<span class=\"_ _0\"></span> reporti<span class=\"_ _0\"></span>ng\u201d).<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 wsc8 gs994\">L\u2019im<span class=\"_ _0\"></span>plement<span class=\"_ _0\"></span>azione e<span class=\"_ _0\"></span> la manuten<span class=\"_ _0\"></span>zione de<span class=\"_ _0\"></span>l modello s<span class=\"_ _0\"></span>i svolge se<span class=\"_ _0\"></span>condo un proc<span class=\"_ _0\"></span>esso art<span class=\"_ _0\"></span>icolat<span class=\"_ _0\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs995\">nelle seguent<span class=\"_ _0\"></span>i principali fasi:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gs996\">a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws0\">identificazion<span class=\"_ _0\"></span>e e valutazione dei rischi applica<span class=\"_ _0\"></span>bili all\u2019inform<span class=\"_ _0\"></span>ativa finanziaria;<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs997\">b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0\">identificazione dei contro<span class=\"_ _0\"></span>lli a fronte dei rischi individu<span class=\"_ _0\"></span>ati a livello di processo r<span class=\"_ _0\"></span>ilevante;<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls34 wsd0 gs998\">c)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _c1\"> </span></span><span class=\"ls1c ws9d\">valuta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne dell\u2019ad<span class=\"_ _1c\"></span>eguatezza <span class=\"_ _1\"></span>e dell\u2019ef<span class=\"_ _1\"></span>fetti<span class=\"_ _1\"></span>va app<span class=\"_ _1\"></span>licazi<span class=\"_ _1\"></span>one dell<span class=\"_ _1\"></span>e proc<span class=\"_ _1\"></span>edure a<span class=\"_ _1\"></span>mminis<span class=\"_ _1\"></span>trativ<span class=\"_ _1c\"></span>e </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs999\">e contabili e<span class=\"_ _0\"></span> dei relativi controlli.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws15a gs99a\">3.1 Rischi finanziari<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs99b\">L'informat<span class=\"_ _0\"></span>iva \u00e8 prevista dall'art.<span class=\"_ _0\"></span> 2428 C.C. e dai principi contabili I<span class=\"_ _0\"></span>AS 32 e IFRS 7.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs99c\">I rischi f<span class=\"_ _0\"></span>inanziari comprendono:<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs99d\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws76\">il risch<span class=\"_ _0\"></span>io di liquidit\u00e0, con<span class=\"_ _0\"></span>nesso alla diffico<span class=\"_ _0\"></span>lt\u00e0 di smobilizzar<span class=\"_ _0\"></span>e un\u2019attivit\u00e0 in<span class=\"_ _0\"></span> tempi rapidi e </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsa9 gs99e\">ad u<span class=\"_ _1\"></span>n prez<span class=\"_ _1\"></span>zo d<span class=\"_ _1\"></span>i me<span class=\"_ _1\"></span>rcat<span class=\"_ _1\"></span>o, ovv<span class=\"_ _1\"></span>ero d<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>eder<span class=\"_ _1\"></span>e temp<span class=\"_ _1c\"></span>estivam<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>lle <span class=\"_ _1c\"></span>risorse f<span class=\"_ _1\"></span>inanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs99f\">necessar<span class=\"_ _0\"></span>ie all\u2019azienda a costi sosten<span class=\"_ _0\"></span>ibili;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs9a0\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wse0\">il rischio di credito, cio\u00e8 il rischio di incorrere in perdite a causa dell\u2019inadempienza o </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9a1\">dell\u2019insolv<span class=\"_ _0\"></span>enza della controparte;<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff8 fs0 fc0 sc0 ls1 ws1 gs9a2\">\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wsfe\">il risch<span class=\"_ _0\"></span>io di mercato, legato ad osc<span class=\"_ _0\"></span>illazioni del valore di att<span class=\"_ _0\"></span>ivit\u00e0/passivit\u00e0<span class=\"_ _0\"></span> a seguito di </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9a3\">variazioni de<span class=\"_ _0\"></span>lle condizioni di mercato<span class=\"_ _0\"></span> (prezzo, tasso, cambio, commo<span class=\"_ _0\"></span>dity).<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws59 gs9a4\">Il Gr<span class=\"_ _1\"></span>uppo A<span class=\"_ _1c\"></span>nima \u00e8 <span class=\"_ _1\"></span>espo<span class=\"_ _1\"></span>sto a t<span class=\"_ _1\"></span>utti i<span class=\"_ _1\"></span> tre <span class=\"_ _1c\"></span>rischi so<span class=\"_ _1c\"></span>pra me<span class=\"_ _1\"></span>nziona<span class=\"_ _1\"></span>ti.<span class=\"ls1 ws1\"> <span class=\"ls30 ws84\">In pa<span class=\"_ _1\"></span>rticola<span class=\"_ _1\"></span>re, ta<span class=\"_ _1\"></span>le esp<span class=\"_ _1c\"></span>osizion<span class=\"_ _1c\"></span>e </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs9a5\">\u00e8 essenzialmente<span class=\"_ _0\"></span> riconducibile alla ge<span class=\"_ _0\"></span>stione della liquidit\u00e0 delle<span class=\"_ _0\"></span> societ\u00e0 del Gruppo Anima, sia </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs9a6\">in relazione<span class=\"_ _0\"></span> al rimborso dell\u2019in<span class=\"_ _0\"></span>debitamento sottoscritto dalla<span class=\"_ _0\"></span> Societ<span class=\"_ _0\"></span>\u00e0 (prestito obbligazionario<span class=\"_ _0\"></span>), </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsaf gs9a7\">sia in relazione alle eccedenze di risorse finanzia<span class=\"_ _0\"></span>rie rispetto ai fabbisogni attesi di liquidit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs9a8\">genera<span class=\"_ _1c\"></span>ti dall<span class=\"_ _1\"></span>\u2019opera<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1c\"></span> ordinari<span class=\"_ _1\"></span>a, ov<span class=\"_ _1\"></span>vero<span class=\"_ _1\"></span> il por<span class=\"_ _1\"></span>tafogl<span class=\"_ _1\"></span>io di p<span class=\"_ _1c\"></span>roprie<span class=\"_ _1\"></span>t\u00e0 del<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po Ani<span class=\"_ _1\"></span>ma. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9a9\">Gestione liquidit<span class=\"_ _0\"></span>\u00e0 aziendale: indebit<span class=\"_ _0\"></span>amento<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9aa\">Al 31 dicembre 2025 il Gruppo<span class=\"_ _0\"></span> Anima presenta la seguente struttura<span class=\"_ _0\"></span> debitoria:<span class=\"ls1 ws1\"> </span></div><div class=\"gs9ab\"><table class=\"s wb07 h4af\" id=\"_0416e710-d11c-408e-9ce1-c993907ff7b3\"><tr><td></td><td></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x84 h279 y246a ff2 fs74 fc0 sc0 ls375 ws67a\">Es<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td></tr><tr><td class=\"c xc95 y3845 wb08 h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws678\">T<span class=\"_ _0\"></span>ipologia<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc96 y3845 wb09 h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws679\">Valore Nominale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x84 h279 y246b ff2 fs74 fc0 sc0 ls374 ws679\">de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>itoria al </div></td></tr><tr><td></td><td></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x13f h279 y246c ff2 fs74 fc0 sc0 ls376 ws67b\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bf wb0a h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls377 ws67c\">Prestito O<span class=\"_ _0\"></span>bbligaz<span class=\"_ _1\"></span>ionario 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>6<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc97 y35bf wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc98 y35bf wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">284.497<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353b wb0a h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls377 ws67c\">Prestito O<span class=\"_ _0\"></span>bbligaz<span class=\"_ _1\"></span>ionario 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>8<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc97 y353b wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc98 y353b wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">301.793<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wb0c h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws679\">T<span class=\"_ _0\"></span>otale ind<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc99 y345e wb0d h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls376 ws67b\">583.<span class=\"_ _0\"></span>978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9a y345e wb0e h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls376 ws67b\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9ac\">Il profilo di sc<span class=\"_ _0\"></span>adenza della struttura nomin<span class=\"_ _0\"></span>ale debitoria risulta essere:<span class=\"ls1 ws1\"> </span></div><div class=\"gs9ad\"><table class=\"s wb0f h4b0\" id=\"_c0ef4294-dab4-4009-8c32-efd404282fcb\"><tr><td></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x4b h27c y2472 ff2 fs75 fc0 sc0 ls37a ws680\">Pres<span class=\"_ _1\"></span>tito<span class=\"_ _1c\"></span> </div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a x93 h27c y2472 ff2 fs75 fc0 sc0 ls37a ws680\">Pres<span class=\"_ _1\"></span>tito<span class=\"_ _1c\"></span> </div></td><td></td></tr><tr><td class=\"c x624 y3846 w1bd h27b\"><div class=\"t m6a xfc h27c y2471 ff2 fs75 fc0 sc0 ls379 ws67f\">Scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x16 h27c y2473 ff2 fs75 fc0 sc0 ls37b ws681\">Ob<span class=\"_ _0\"></span>bligaz<span class=\"_ _0\"></span>ionario<span class=\"_ _1\"></span> </div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a x60 h27c y2473 ff2 fs75 fc0 sc0 ls37b ws681\">Ob<span class=\"_ _0\"></span>bligaz<span class=\"_ _0\"></span>ionario<span class=\"_ _1\"></span> </div></td><td class=\"c x624 y3846 w1bd h27b\"><div class=\"t m6a x193 h27c y2471 ff2 fs75 fc0 sc0 ls37d ws683\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x67 h27c y2474 ff2 fs75 fc0 sc0 ls37c ws682\">2026<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a xa1 h27c y2474 ff2 fs75 fc0 sc0 ls37c ws682\">2028<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3848 wb10 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls379 ws684\">inf<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ore a 1 anno<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9d y3848 wb11 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws685\">283.978<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc9e y3848 wb12 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">283.<span class=\"_ _13\"></span>978<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3731 wb13 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws687\">tr<span class=\"_ _0\"></span>a 1 e<span class=\"_ _0\"></span> 3 ann<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc9f y3731 wb11 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws685\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca0 y3731 wb14 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">300.000<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wb15 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37d ws683\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca1 y345e wb16 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca2 y345e wb12 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">300.<span class=\"_ _13\"></span>000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca3 y345e wb17 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">583.978<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs9af\">Il Pr<span class=\"_ _0\"></span>estito Obbligazio<span class=\"_ _0\"></span>nario 202<span class=\"_ _0\"></span>6 non c<span class=\"_ _0\"></span>onvertibile <span class=\"_ _0\"></span><span class=\"ff5 ls38 ws76\">s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ior u<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>cure<span class=\"_ _13\"></span>d</span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls1d ws7b\">\u00e8<span class=\"_ _0\"></span> stato<span class=\"_ _0\"></span> emes<span class=\"_ _0\"></span>so in d<span class=\"_ _0\"></span>ata 23 </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs9b0\">ottob<span class=\"_ _1\"></span>re 201<span class=\"_ _1c\"></span>9, per un n<span class=\"_ _1c\"></span>ominal<span class=\"_ _1\"></span>e di Eur<span class=\"_ _1\"></span>o 300 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>n scad<span class=\"_ _1\"></span>enza a 7<span class=\"_ _1\"></span> anni<span class=\"_ _1\"></span>. Le ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>azioni<span class=\"_ _1\"></span> sono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws84 gs9b1\">state e<span class=\"_ _1c\"></span>messe al<span class=\"_ _1\"></span> prezz<span class=\"_ _1\"></span>o di 9<span class=\"_ _1\"></span>9,459%<span class=\"_ _1\"></span>, con <span class=\"_ _1\"></span>un tass<span class=\"_ _1\"></span>o di inte<span class=\"_ _1\"></span>ress<span class=\"_ _1\"></span>e fisso a<span class=\"_ _1c\"></span>nnuo di rif<span class=\"_ _1\"></span>erim<span class=\"_ _1\"></span>ento p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws688 gs9b2\">1,75% (cfr. comunicato stampa del 17 ott<span class=\"ls0 ws173\">obre 20<span class=\"_ _0\"></span>19). L\u2019emiss<span class=\"_ _0\"></span>ione obbligazion<span class=\"_ _0\"></span>aria ha </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs9b3\">comp<span class=\"_ _1\"></span>ortat<span class=\"_ _1\"></span>o un i<span class=\"_ _1\"></span>ncass<span class=\"_ _1c\"></span>o netto p<span class=\"_ _1\"></span>er Ani<span class=\"_ _1c\"></span>ma Holdi<span class=\"_ _1\"></span>ng d<span class=\"_ _1\"></span>i circa E<span class=\"_ _1c\"></span>uro 298<span class=\"_ _1\"></span>,38 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs9b4\">Si ricor<span class=\"_ _0\"></span>da che in data 10 giugn<span class=\"_ _0\"></span>o 2020 \u00e8 avvenuto il re<span class=\"_ _0\"></span>golamento dell\u2019offert<span class=\"_ _0\"></span>a di riacquisto par<span class=\"_ _0\"></span>ziale </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs9b5\">avente ad oggetto le obbligazion<span class=\"_ _0\"></span>i emesse dalla Societ\u00e0 per un importo nominale complessivo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs9b6\">di Euro<span class=\"_ _0\"></span> 16,02 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs9b7\">Al 31 dicembre 2025, il valore nominale residuo de<span class=\"_ _0\"></span>l Prestito Obbligazionario 2026 \u00e8 pari a Euro </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9b8\">283,98 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsfe gs9b9\">Il Prestito Obbligazion<span class=\"_ _0\"></span>ario 2026 \u00e8 stato riservato a investitori qualificati in Italia e all\u2019estero, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gs9ba\">escludendo gli Stati Uniti d'Amer<span class=\"_ _0\"></span>ica ed al<span class=\"_ _1\"></span>tr<span class=\"_ _0\"></span>i paesi selezionati. La quotazione delle obbligazioni </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws9a gs9bb\">\u00e8 avve<span class=\"_ _1\"></span>nuta sul<span class=\"_ _1\"></span> sist<span class=\"_ _1\"></span>ema mul<span class=\"_ _1\"></span>tilatera<span class=\"_ _1\"></span>le di<span class=\"_ _1\"></span> negozi<span class=\"_ _1c\"></span>azione, co<span class=\"_ _1\"></span>m<span class=\"ls0 ws9c\">e definito ai sensi della D<span class=\"_ _0\"></span>irettiva </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs9bc\">2014<span class=\"_ _1\"></span>/65/U<span class=\"_ _1\"></span>E (m<span class=\"_ _1c\"></span>ultila<span class=\"_ _1\"></span>tera<span class=\"_ _1\"></span>l tradi<span class=\"_ _1c\"></span>ng faci<span class=\"_ _1\"></span>lity<span class=\"_ _1\"></span>, o M<span class=\"_ _1\"></span>TF),<span class=\"_ _1c\"></span> denomi<span class=\"_ _1\"></span>nato<span class=\"_ _1\"></span> \u201cGl<span class=\"_ _1\"></span>obal E<span class=\"_ _1\"></span>xcha<span class=\"_ _1c\"></span>nge Mar<span class=\"_ _1\"></span>ket\u201d<span class=\"_ _1c\"></span>, gesti<span class=\"_ _1\"></span>to </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs9bd\">da Eurone<span class=\"_ _0\"></span>xt Dublin. Alle<span class=\"_ _0\"></span> obbligazioni<span class=\"_ _0\"></span> \u00e8 attualmente as<span class=\"_ _0\"></span>segnato un rat<span class=\"_ _0\"></span>ing pari a BBB da parte<span class=\"_ _0\"></span> di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs9be\">Fitc<span class=\"_ _1\"></span>h Rati<span class=\"_ _1\"></span>ngs Ltd<span class=\"_ _1\"></span>..<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws142 gs9bf\">Nella tabella se<span class=\"_ _0\"></span>guente si riassumono le principali caratteristich<span class=\"_ _0\"></span>e dello strumento: <span class=\"_ _3c7\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"gs9c0\"><table class=\"s wb18 h4b2\" id=\"_3a9c195b-ef95-4ca0-8adc-fe0f4d5674c9\"><tr><td class=\"c xca5 y384f wb19 h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls37f ws689\">Emi<span class=\"_ _1\"></span>ttente<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca6 y384f wb1a h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls380 ws68a\">Co<span class=\"_ _1\"></span>dic<span class=\"_ _1c\"></span>e ISIN<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca7 y3850 w1c0 h27f\"><div class=\"t m56 x16 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68b\">Mercat<span class=\"_ _0\"></span>o di </div></td><td class=\"c xca8 y384f wb1b h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls383 ws68d\">Rati<span class=\"_ _0\"></span>ng<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca9 y384f wb1c h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls384 ws68e\">Valut<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaa y3850 w1c1 h27f\"><div class=\"t m56 x58 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68f\">Valore </div></td><td class=\"t m56 xcab h280 y3851 ff2 fs76 fc0 sc0 ls385 ws691\">Valore IA<span class=\"_ _0\"></span>S d<span class=\"_ _0\"></span>i </td><td class=\"c xcac y3850 w185 h27f\"><div class=\"t m56 x162 h280 y24a4 ff2 fs76 fc0 sc0 ls382 ws68c\">Ce<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcad y3850 w1c3 h27f\"><div class=\"t m56 x81 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68f\">Dat<span class=\"_ _0\"></span>a </div></td></tr><tr><td></td><td></td><td class=\"c xca7 y3850 w1c0 h27f\"><div class=\"t m56 xf7 h280 y24a6 ff2 fs76 fc0 sc0 ls382 ws68c\">q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td><td></td><td></td><td class=\"c xcaa y3850 w1c1 h27f\"><div class=\"t m56 x55 h280 y24a6 ff2 fs76 fc0 sc0 ls385 ws690\">Nominle<span class=\"_ _4ac\"> </span></div></td><td class=\"t m56 xcae h280 y3852 ff2 fs76 fc0 sc0 ls385 ws690\">bilancio<span class=\"_ _4ac\"> </span></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 x5a h280 y24a9 ff1 fs76 fc0 sc0 ls386 ws68f\">Annua<span class=\"_ _0\"></span>le  </div></td><td class=\"c xcad y3850 w1c3 h27f\"><div class=\"t m56 x60 h280 y24a6 ff2 fs76 fc0 sc0 ls386 ws692\">scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3774 wb1d h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws693\">Anima H<span class=\"_ _0\"></span>olding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb0 y3774 wb1e h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">X<span class=\"_ _0\"></span>S2069040389<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb1 y3774 wb1f h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws695\">MTF<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb2 y3774 wb20 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls389 ws696\">BBB<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb3 y3774 wb21 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls386 ws692\">Euro<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb4 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb5 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">284.497<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 xf7 h280 y24aa ff1 fs76 fc0 sc0 ls38a ws698\">ta<span class=\"_ _1c\"></span>sso fi<span class=\"_ _1\"></span>sso </div></td><td class=\"c xcac y3854 w185 h282\"><div class=\"t m56 xb0 h280 y24ad ff1 fs76 fc0 sc0 ls388 ws694\">23/10/2026<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 x5 h280 y24ab ff1 fs76 fc0 sc0 ls388 ws694\">1,75%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs9c1\">Il Pr<span class=\"_ _0\"></span>estito Obbligazio<span class=\"_ _0\"></span>nario 202<span class=\"_ _0\"></span>8 non c<span class=\"_ _0\"></span>onvertibile <span class=\"_ _0\"></span><span class=\"ff5 ls41 ws25\">seni<span class=\"_ _1\"></span>or<span class=\"_ _1c\"></span> un<span class=\"ff1 ls1c ws102\">secured <span class=\"_ _1\"></span>\u00e8 stat<span class=\"_ _1\"></span>o emess<span class=\"_ _1\"></span>o in da<span class=\"_ _1\"></span>ta 22 </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gs9c2\">aprile 2021,<span class=\"_ _0\"></span> per un nominale di Euro<span class=\"_ _0\"></span> 300 milioni con scadenza a 7<span class=\"_ _0\"></span> anni. Le obbligazioni sono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws100 gs9c3\">state <span class=\"_ _1\"></span>emesse a<span class=\"_ _1\"></span>l prez<span class=\"_ _1\"></span>zo d<span class=\"_ _1\"></span>i 99,40<span class=\"_ _1\"></span>8, con u<span class=\"_ _1\"></span>n tass<span class=\"_ _1\"></span>o di int<span class=\"_ _1\"></span>eresse f<span class=\"_ _1\"></span>isso a<span class=\"_ _1c\"></span>nnuo di ri<span class=\"_ _1\"></span>ferim<span class=\"_ _1\"></span>ento p<span class=\"_ _1\"></span>ari a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws9d gs9c4\">1,5% (c<span class=\"_ _0\"></span>fr. comun<span class=\"_ _0\"></span>icato stam<span class=\"_ _0\"></span>pa del co<span class=\"ls0 ws5f\">llo<span class=\"_ _0\"></span>camento obbligazion<span class=\"_ _0\"></span>ario del 15 aprile<span class=\"_ _0\"></span> 2021). L\u2019emis<span class=\"_ _0\"></span>sione </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws106 gs9c5\">obbl<span class=\"_ _1\"></span>igaz<span class=\"_ _1\"></span>ionari<span class=\"_ _1\"></span>a ha c<span class=\"_ _1c\"></span>omporta<span class=\"_ _1\"></span>to un<span class=\"_ _1\"></span> inca<span class=\"_ _1\"></span>sso n<span class=\"_ _1\"></span>etto p<span class=\"_ _1\"></span>er A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>Holdin<span class=\"_ _1\"></span>g di<span class=\"_ _1\"></span> circa E<span class=\"_ _1c\"></span>uro 298<span class=\"_ _1\"></span>,224 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gs9c6\">milioni.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs9c7\">Al 31 dicembre 2025, il valore nominale residuo de<span class=\"_ _0\"></span>l Prestito Obbligazionario 2028 \u00e8 pari a Euro </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs9c8\">300 milio<span class=\"_ _0\"></span>ni.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb0 gs9c9\">Il Prest<span class=\"_ _0\"></span>ito Obbligazionario 2028<span class=\"_ _0\"></span> \u00e8 stato riservato a invest<span class=\"_ _0\"></span>itori qualificati in<span class=\"_ _0\"></span> Italia e all\u2019estero<span class=\"_ _0\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs9ca\">(escludendo<span class=\"_ _0\"></span> gli Stati Uniti d'Americ<span class=\"_ _0\"></span>a ed altri paesi selez<span class=\"_ _0\"></span>ionati). La quotazione delle o<span class=\"_ _0\"></span>bbligazioni </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws9a gs9cb\">\u00e8 avve<span class=\"_ _1\"></span>nuta sul<span class=\"_ _1\"></span> sist<span class=\"_ _1\"></span>ema mul<span class=\"_ _1\"></span>tilatera<span class=\"_ _1\"></span>le di<span class=\"_ _1\"></span> negozi<span class=\"_ _1c\"></span>azione, co<span class=\"_ _1\"></span>me defi<span class=\"_ _1c\"></span>nito <span class=\"ls0 ws9c\">ai sensi della Dirett<span class=\"_ _0\"></span>iva </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gs9cc\">2014<span class=\"_ _1\"></span>/65/U<span class=\"_ _1\"></span>E (m<span class=\"_ _1c\"></span>ultila<span class=\"_ _1\"></span>tera<span class=\"_ _1\"></span>l tradi<span class=\"_ _1c\"></span>ng faci<span class=\"_ _1\"></span>lity<span class=\"_ _1\"></span>, o M<span class=\"_ _1\"></span>TF),<span class=\"_ _1c\"></span> denomi<span class=\"_ _1\"></span>nato<span class=\"_ _1\"></span> \u201cGl<span class=\"_ _1\"></span>obal E<span class=\"_ _1\"></span>xcha<span class=\"_ _1c\"></span>nge Mar<span class=\"_ _1\"></span>ket\u201d<span class=\"_ _1c\"></span>, gesti<span class=\"_ _1\"></span>to </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws92 gs9cd\">da E<span class=\"_ _1\"></span>uronex<span class=\"_ _1c\"></span>t Dubli<span class=\"_ _1\"></span>n. All<span class=\"_ _1c\"></span>e obblig<span class=\"_ _1c\"></span>azioni<span class=\"_ _1\"></span> \u00e8 sta<span class=\"_ _1\"></span>to ass<span class=\"_ _1\"></span>egna<span class=\"_ _1\"></span>to un <span class=\"_ _1\"></span>rati<span class=\"_ _1\"></span>ng pari<span class=\"_ _1c\"></span> a BBB da<span class=\"_ _1\"></span> par<span class=\"_ _1\"></span>te di <span class=\"_ _1\"></span>Fitch<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gs9ce\">Rati<span class=\"_ _1\"></span>ngs L<span class=\"_ _1\"></span>td..<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9cf\">Nella tabe<span class=\"_ _0\"></span>lla seguente si riassumono le prin<span class=\"_ _0\"></span>cipali caratteristich<span class=\"_ _0\"></span>e dello strumento:<span class=\"ls1 ws1\"> </span></div><div class=\"gs9d0\"><table class=\"s wb18 h4b1\" id=\"_f95d0851-e5a0-47dd-906d-09b91a81bd61\"><tr><td class=\"c xca5 y3849 wb19 h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls37f ws689\">Emi<span class=\"_ _1\"></span>ttente<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca6 y3849 wb1a h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls380 ws68a\">Co<span class=\"_ _1\"></span>dic<span class=\"_ _1c\"></span>e ISIN<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca7 y384a w1c0 h27f\"><div class=\"t m56 x16 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68b\">Mercat<span class=\"_ _0\"></span>o di </div></td><td class=\"c xca8 y3849 wb1b h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls383 ws68d\">Rati<span class=\"_ _0\"></span>ng<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca9 y3849 wb1c h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls384 ws68e\">Valut<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaa y384a w1c1 h27f\"><div class=\"t m56 x58 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68f\">Valore </div></td><td class=\"t m56 xcab h280 y384b ff2 fs76 fc0 sc0 ls385 ws691\">Valore IA<span class=\"_ _0\"></span>S d<span class=\"_ _0\"></span>i </td><td class=\"c xcac y384a w185 h27f\"><div class=\"t m56 x162 h280 y24af ff2 fs76 fc0 sc0 ls382 ws68c\">Ce<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcad y384a w1c3 h27f\"><div class=\"t m56 x81 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68f\">Dat<span class=\"_ _0\"></span>a </div></td></tr><tr><td></td><td></td><td class=\"c xca7 y384a w1c0 h27f\"><div class=\"t m56 xf7 h280 y24b1 ff2 fs76 fc0 sc0 ls382 ws68c\">q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td><td></td><td></td><td class=\"c xcaa y384a w1c1 h27f\"><div class=\"t m56 x55 h280 y24b1 ff2 fs76 fc0 sc0 ls385 ws690\">Nominle<span class=\"_ _4ac\"> </span></div></td><td class=\"t m56 xcae h280 y384c ff2 fs76 fc0 sc0 ls385 ws690\">bilancio<span class=\"_ _4ac\"> </span></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 x5a h280 y24b4 ff1 fs76 fc0 sc0 ls386 ws68f\">Annua<span class=\"_ _0\"></span>le  </div></td><td class=\"c xcad y384a w1c3 h27f\"><div class=\"t m56 x60 h280 y24b1 ff2 fs76 fc0 sc0 ls386 ws692\">scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3774 wb1d h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws693\">Anima H<span class=\"_ _0\"></span>olding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb0 y3774 wb1e h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">X<span class=\"_ _0\"></span>S2331921390<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb1 y3774 wb1f h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws695\">MTF<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb2 y3774 wb20 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls389 ws696\">BBB<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb3 y3774 wb21 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls386 ws692\">Euro<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb4 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb5 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">301.793<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 xf7 h280 y24b5 ff1 fs76 fc0 sc0 ls38a ws698\">ta<span class=\"_ _1c\"></span>sso fi<span class=\"_ _1\"></span>sso </div></td><td class=\"c xcac y384e w185 h282\"><div class=\"t m56 xb0 h280 y24b8 ff1 fs76 fc0 sc0 ls388 ws694\">22/04/2028<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 x81 h280 y24b6 ff1 fs76 fc0 sc0 ls388 ws694\">1,5%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gs9d2\">In merito a ulter<span class=\"_ _0\"></span>iori clausole correlate<span class=\"_ _0\"></span> all\u2019indebitamento del Gruppo, si rinvia<span class=\"_ _0\"></span> alla \u201cRelazione sul </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws84 gs9d3\">gove<span class=\"_ _1\"></span>rno soc<span class=\"_ _1\"></span>ieta<span class=\"_ _1\"></span>rio e g<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>asset<span class=\"_ _1\"></span>ti pr<span class=\"_ _1\"></span>oprieta<span class=\"_ _1c\"></span>ri\u201d <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span><span class=\"ls0 ws76\">disponibile<span class=\"_ _0\"></span> sul sito internet della Societ\u00e0 (sez<span class=\"_ _0\"></span>ione </span></span></div><div class=\"t m0 h2 ff5 fs0 fc0 sc0 ls38 ws77 gs9d4\">C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ra<span class=\"_ _1c\"></span>te<span class=\"_ _13\"></span> <span class=\"_ _0\"></span><span class=\"ls33 wsb6\">G<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>)<span class=\"ff1 ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"lse ws92\">redatta sulla<span class=\"_ _0\"></span> base di quanto pre<span class=\"_ _0\"></span>visto dall\u2019art<span class=\"_ _0\"></span>. 123</span>-<span class=\"ls0 ws54\">bis del TUF, ai sensi </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsac gs9d5\">del q<span class=\"_ _1\"></span>uale g<span class=\"_ _1\"></span>li e<span class=\"_ _1\"></span>mitt<span class=\"_ _1\"></span>enti d<span class=\"_ _1\"></span>evon<span class=\"_ _1\"></span>o annua<span class=\"_ _1\"></span>lm<span class=\"_ _1\"></span>ente f<span class=\"_ _1\"></span>ornire<span class=\"_ _1c\"></span> al merca<span class=\"_ _1c\"></span>to una se<span class=\"_ _1c\"></span>rie di i<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>zioni<span class=\"_ _1c\"></span>, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws29 gs9d6\">dettagliatamente individuate dalla norma in oggetto.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs9d7\">Gestione <span class=\"_ _0\"></span>liquidit\u00e0 <span class=\"_ _0\"></span>aziendale: ec<span class=\"_ _0\"></span>cedenza risor<span class=\"_ _0\"></span>se finanziarie<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs9d8\">In materia di ges<span class=\"_ _0\"></span>tione della liqu<span class=\"_ _0\"></span>idit\u00e0 azien<span class=\"_ _0\"></span>dale, le societ\u00e0 del Gru<span class=\"_ _0\"></span>ppo investono le ecce<span class=\"_ _0\"></span>denze di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gs9d9\">risorse finanziar<span class=\"_ _0\"></span>ie in (i) OICR, prevalentemente in OICVM e in FIA chiusi riservati istituiti e/o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws6b gs9da\">gesti<span class=\"_ _1c\"></span>ti da soci<span class=\"_ _1c\"></span>et\u00e0 pri<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>alme<span class=\"_ _1\"></span>nte ap<span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>tenen<span class=\"_ _1\"></span>ti al G<span class=\"_ _1\"></span>ruppo A<span class=\"_ _1c\"></span>ni<span class=\"ls0 ws7e\">ma, (ii) in e<span class=\"_ _0\"></span>missioni governat<span class=\"_ _0\"></span>ive a </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9db\">breve termine in<span class=\"_ _0\"></span> Euro e (iii) in depositi bancari e po<span class=\"_ _0\"></span>stali a vista (\u201c<span class=\"ff5 ls40 wsae\">ti<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>i<span class=\"_ _1c\"></span>t\u201d)<span class=\"_ _1\"></span><span class=\"ff1 ls1 ws1\">. </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8c gs9dc\">I rischi finanziari del port<span class=\"_ _0\"></span>afoglio di propriet\u00e0 sono gestiti attraver<span class=\"_ _0\"></span>so la d<span class=\"_ _1\"></span>efin<span class=\"_ _0\"></span>izione di limitazioni </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10f gs9dd\">operative finalizz<span class=\"_ _0\"></span>ate alla mitigazione del rischio che tale portafoglio pu\u00f2 assumere. Tali </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs9de\">limitazion<span class=\"_ _0\"></span>i sono espresse (i) in te<span class=\"_ _0\"></span>rmini di tipo<span class=\"_ _0\"></span>logie di investimenti am<span class=\"_ _0\"></span>messi, (ii) in t<span class=\"_ _0\"></span>ermini di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs9df\">ammontare e (iii) in termin<span class=\"_ _0\"></span>i di limite massimo di rischio (identificato<span class=\"_ _0\"></span> come volatilit\u00e0) che pu\u00f2 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws26 gs9e0\">esser<span class=\"_ _1\"></span>e assu<span class=\"_ _1\"></span>nto.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7f gs9e1\">I Consigli di Am<span class=\"_ _0\"></span>ministrazione de<span class=\"_ _0\"></span>lle societ\u00e0 del Gruppo An<span class=\"_ _0\"></span>ima deliberano annualmente<span class=\"_ _0\"></span> in merito </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9e2\">alle car<span class=\"_ _0\"></span>atteristiche ed ai limit<span class=\"_ _0\"></span>i operativi riguardant<span class=\"_ _0\"></span>i gli investimenti in<span class=\"_ _0\"></span> strumenti finanziari e<span class=\"_ _0\"></span>d in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs9e3\">depositi ban<span class=\"_ _0\"></span>cari e/o postali.<span class=\"_ _0\"></span> L\u2019attivit\u00e0 di co<span class=\"_ _0\"></span>ntrollo \u00e8 svo<span class=\"_ _0\"></span>lta dalle funzioni di Risk Man<span class=\"_ _0\"></span>agement </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gs9e4\">preposte<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsd2 gs9e5\">L\u2019inv<span class=\"_ _1c\"></span>estime<span class=\"_ _1\"></span>nto i<span class=\"_ _1\"></span>n OIC<span class=\"_ _1\"></span>VM \u00e8 <span class=\"_ _1c\"></span>rappres<span class=\"_ _1c\"></span>entato<span class=\"_ _1\"></span> da <span class=\"_ _1\"></span>prodo<span class=\"_ _1\"></span>tti i<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uiti <span class=\"_ _1\"></span>e/o g<span class=\"_ _1\"></span>esti<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>al Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _1\"></span> Ani<span class=\"_ _1\"></span>ma, </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9e6\">selezionat<span class=\"_ _0\"></span>i secondo gli obiettivi di rendimento ed i lim<span class=\"_ _0\"></span>iti di rischio stabiliti dai rispett<span class=\"_ _0\"></span>ivi Consigli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gs9e7\">di Amministra<span class=\"_ _0\"></span>zione di ciascuna societ\u00e0. Tale tipolo<span class=\"_ _0\"></span>gia di i<span class=\"ls35 ws114\">nvestime<span class=\"_ _0\"></span>nto \u00e8 caratt<span class=\"_ _0\"></span>erizzat<span class=\"_ _0\"></span>a da un </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs9e8\">elevato<span class=\"_ _0\"></span> livello di liquidit\u00e0 e<span class=\"_ _0\"></span> dal ridotto<span class=\"_ _0\"></span> rischio diretto di cr<span class=\"_ _0\"></span>edito, in qu<span class=\"_ _0\"></span>anto gli OICVM detenut<span class=\"_ _0\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs16c\">hann<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>ropri<span class=\"_ _1c\"></span>o patri<span class=\"_ _1\"></span>monio s<span class=\"_ _1c\"></span>eparato<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws699 gs16d\">I rischi finanziari derivanti da questa tipologia di invest<span class=\"_ _0\"></span>imento sono riconducibili </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10f gs9e9\">essenzialment<span class=\"_ _0\"></span>e al rischio di mercato degli investimenti e<span class=\"_ _0\"></span>ffettuati, che risulta comunque </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gs9ea\">compatibile con il profilo prudente che caratteriz<span class=\"_ _0\"></span>za la strategia di investimento della liquidit<span class=\"_ _0\"></span>\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws16 gs9eb\">azien<span class=\"_ _0\"></span>dale del Gruppo Anim<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs9ec\">I rischi de<span class=\"_ _0\"></span>rivanti dall\u2019in<span class=\"_ _0\"></span>vestimento in OICV<span class=\"_ _0\"></span>M sono monitorati me<span class=\"_ _0\"></span>diante la verific<span class=\"_ _0\"></span>a del rispetto </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs9ed\">dei limiti deliberati dai rispettiv<span class=\"_ _0\"></span>i Consigli di A<span class=\"_ _1\"></span>mministr<span class=\"_ _0\"></span>azione. In particolare, i limiti di rischio </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs9ee\">stabiliti in termini di volatilit\u00e0<span class=\"_ _0\"></span> sono m<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>itorati con il <span class=\"_ _1\"></span><span class=\"ls31 ws84\">mode<span class=\"_ _0\"></span>llo di risch<span class=\"_ _0\"></span>io in uso pres<span class=\"_ _0\"></span>so la societ<span class=\"_ _0\"></span>\u00e0 </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws2a4 gs9ef\">cont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ata A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>SGR. P<span class=\"_ _1\"></span>er q<span class=\"_ _1\"></span>uant<span class=\"_ _1\"></span>o sop<span class=\"_ _1\"></span>ra, u<span class=\"_ _1\"></span>nitame<span class=\"_ _1c\"></span>nte alla<span class=\"_ _1\"></span> nat<span class=\"_ _1\"></span>ura div<span class=\"_ _1c\"></span>ersifica<span class=\"_ _1c\"></span>ta deg<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc1 gs9f0\">investimenti in OICVM, il Gru<span class=\"_ _0\"></span>ppo Anima non ritiene rappresentativa l\u2019an<span class=\"_ _0\"></span>alisi di sensitivit\u00e0 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gs9f1\">rispetto a<span class=\"_ _0\"></span>i rischi di mercato a cui <span class=\"ls32 ws58\">\u00e8 es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gs9f2\">Gli invest<span class=\"_ _0\"></span>imenti in emissioni governative in Euro sono<span class=\"_ _0\"></span> rappresentati da titoli emes<span class=\"_ _0\"></span>si dallo Stato </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws7e gs9f3\">italiano<span class=\"_ _0\"></span> (Buoni Ordinari del Tesoro<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- </span>\u201cBOT\u201d) c<span class=\"_ _0\"></span>on duration massima di 12 mes<span class=\"_ _0\"></span>i. I rischi deriv<span class=\"_ _0\"></span>anti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gs9f4\">da tale in<span class=\"_ _0\"></span>vestimento sono monitorati mediante<span class=\"_ _0\"></span> la verifica del<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span>rispetto dei limit<span class=\"_ _0\"></span>i deliberati dal </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs9f5\">Consiglio di Amministr<span class=\"_ _0\"></span>azione. In particolare, i limit<span class=\"_ _0\"></span>i di rischio stabiliti in termini di volatilit<span class=\"_ _0\"></span>\u00e0 sono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws27 gs9f6\">moni<span class=\"_ _1\"></span>torati a<span class=\"_ _1c\"></span>nche i<span class=\"_ _1\"></span>n quest<span class=\"_ _1\"></span>o cas<span class=\"_ _1c\"></span>o con il m<span class=\"_ _1\"></span>odell<span class=\"_ _1c\"></span>o di rischi<span class=\"_ _1c\"></span>o in uso<span class=\"_ _1\"></span> press<span class=\"_ _1c\"></span>o Anima <span class=\"_ _1\"></span>SGR.<span class=\"_ _4ac\"> </span> <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws6e gs9f7\">Il Gr<span class=\"_ _1\"></span>uppo A<span class=\"_ _1c\"></span>nima pu<span class=\"_ _1\"></span>\u00f2 inol<span class=\"_ _1\"></span>tre i<span class=\"_ _1\"></span>nvesti<span class=\"_ _1c\"></span>re nei <span class=\"_ _1\"></span>FIA chi<span class=\"_ _1\"></span>usi ri<span class=\"_ _1\"></span>serv<span class=\"_ _1\"></span>ati i<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuiti e/<span class=\"_ _1c\"></span>o gestiti<span class=\"_ _1\"></span> pri<span class=\"_ _1\"></span>ncipa<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse wsed gs9f8\">da societ<span class=\"_ _0\"></span>\u00e0 appartenent<span class=\"_ _0\"></span>i al Gruppo Anim<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\">-<span class=\"ls30 ws191\">Gr<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>ppo B<span class=\"_ _1\"></span>anco BPM<span class=\"_ _1c\"></span>. Viste le cara<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _1\"></span>risti<span class=\"_ _1\"></span>che, </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gs9f9\">specialmente<span class=\"_ _0\"></span> in termini di illiquidit<span class=\"_ _0\"></span>\u00e0, di quest<span class=\"_ _0\"></span>a tipologia di invest<span class=\"_ _0\"></span>ime<span class=\"ls31 wsa9\">nti, l\u2019<span class=\"_ _0\"></span>ammonta<span class=\"_ _0\"></span>re ad e<span class=\"_ _0\"></span>ssi </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws79 gs9fa\">destinato<span class=\"_ _0\"></span> viene autorizzato specificatament<span class=\"_ _0\"></span>e dai rispettivi Consigli di Am<span class=\"_ _0\"></span>ministrazione. Dal </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gs9fb\">punto di vist<span class=\"_ _0\"></span>a della liquidit\u00e0,<span class=\"_ _0\"></span> tale tipologia di in<span class=\"_ _0\"></span>vestimenti \u00e8<span class=\"_ _0\"></span> caratterizzata infatt<span class=\"_ _0\"></span>i da un orizzonte </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsc3 gs9fc\">tempo<span class=\"_ _1\"></span>rale<span class=\"_ _1\"></span> di lu<span class=\"_ _1\"></span>ngo p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o, senz<span class=\"_ _1\"></span>a <span class=\"ls0 ws74\">la possibilit\u00e0 di richieder<span class=\"_ _0\"></span>e un rimborso anticipato rispetto </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 wsc3 gs9fd\">alla sc<span class=\"_ _0\"></span>adenz<span class=\"_ _0\"></span>a del fondo.<span class=\"_ _0\"></span> Nell\u2019am<span class=\"_ _0\"></span>bito del r<span class=\"_ _0\"></span>ischio di merc<span class=\"_ _0\"></span>ato, per qu<span class=\"_ _0\"></span>esti st<span class=\"_ _0\"></span>rumenti<span class=\"_ _0\"></span> rappresent<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gs9ff\">un elemento mitigante l\u2019esposizione<span class=\"_ _0\"></span> minoritaria a investimenti di natura azionaria e la strategia </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gsa00\">di investimento<span class=\"_ _0\"></span> di lungo periodo, ch<span class=\"_ _0\"></span>e viene riflessa anche<span class=\"_ _0\"></span> nella valorizzazione<span class=\"_ _0\"></span> dei sottostanti. </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gsa01\">Pu\u00f2 es<span class=\"_ _0\"></span>sere rilevante<span class=\"_ _0\"></span> la pre<span class=\"_ _0\"></span>senza del ris<span class=\"_ _0\"></span>chio di c<span class=\"_ _0\"></span>redito nei <span class=\"_ _0\"></span>c<span class=\"lsf ws6e\">onf<span class=\"_ _1\"></span>ronti<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span>le soc<span class=\"_ _1\"></span>iet\u00e0<span class=\"_ _1\"></span> che v<span class=\"_ _1\"></span>engo<span class=\"_ _1\"></span>no </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsa0 gsa02\">fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span> que<span class=\"_ _1\"></span>sti s<span class=\"_ _1c\"></span>trumenti<span class=\"_ _1c\"></span> di in<span class=\"_ _1\"></span>vesti<span class=\"_ _1c\"></span>mento: l<span class=\"_ _1\"></span>a mi<span class=\"_ _1c\"></span>tigazi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>vvie<span class=\"_ _1\"></span>ne p<span class=\"_ _1\"></span>rinc<span class=\"_ _1\"></span>ipal<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>e tramit<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsc6 gsa03\">tecniche di dive<span class=\"_ _0\"></span>rsificazione im<span class=\"_ _0\"></span>plementate dal ges<span class=\"_ _0\"></span>tore dei FI<span class=\"_ _0\"></span>A e un\u2019attenta f<span class=\"_ _0\"></span>ase di analisi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws27 gsa04\">prev<span class=\"_ _1\"></span>entiva.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws28 gsa05\">Infi<span class=\"_ _1\"></span>ne,<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws99\">gli investiment<span class=\"_ _0\"></span>i in depositi bancari e postali e in eventuali time deposit (quest<span class=\"_ _0\"></span>i ultimi </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws5a gsa06\">sott<span class=\"_ _1\"></span>oscriv<span class=\"_ _1\"></span>ili c<span class=\"_ _1\"></span>on sca<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza n<span class=\"_ _1\"></span>on sup<span class=\"_ _1\"></span>erio<span class=\"_ _1\"></span>re a <span class=\"_ _1\"></span>12 me<span class=\"_ _1\"></span>si) s<span class=\"_ _1\"></span>ono, p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>oro na<span class=\"_ _1c\"></span>tura, ca<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>erizza<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>i da<span class=\"_ _1\"></span> un </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gsa07\">elevato livello di liqu<span class=\"_ _0\"></span>idit\u00e0 e assenza di rischio di mercato. I rischi<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>finanziari deriv<span class=\"_ _0\"></span>anti da questa </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws10a gsa08\">tipolo<span class=\"_ _0\"></span>gia di investimento sono sostanzia<span class=\"_ _0\"></span>lmente riconducibili al risch<span class=\"_ _0\"></span>io di credito e sono </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gs2c8\">regolarmente monito<span class=\"_ _0\"></span>rati nonch\u00e9 mitigati anche tramite limiti finaliz<span class=\"_ _0\"></span>zati al frazionamento del </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws29 gsa09\">rischio.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gsa0a\">Attiv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rie val<span class=\"_ _1c\"></span>utate al<span class=\"_ _1\"></span> fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue co<span class=\"_ _1\"></span>n imp<span class=\"_ _1c\"></span>atto sul<span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>reddi<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 co<span class=\"_ _1\"></span>mples<span class=\"_ _1\"></span>siva<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gsa0b\">Si segnala che la Societ<span class=\"_ _0\"></span>\u00e0 ha in portafoglio n\u00b0 50.290.691 azioni ordin<span class=\"_ _0\"></span>arie di BMPS, per un valore </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa0c\">compless<span class=\"_ _0\"></span>ivo al 31 dicembre 2025 pari a Euro 459,2 milioni.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gsa0d\">I titoli azionar<span class=\"_ _0\"></span>i di BMPS sono stati classificati contabilme<span class=\"_ _0\"></span>nte tra le \u201cAttivit\u00e0 fin<span class=\"_ _0\"></span>anziarie valutate </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gsa0e\">al fair value<span class=\"_ _0\"></span> con impatto sulla reddit<span class=\"_ _0\"></span>ivit\u00e0 complessiva\u201d,<span class=\"_ _0\"></span> voce che accoglie gli str<span class=\"_ _0\"></span>umenti finanziari </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gsa0f\">valutati al fa<span class=\"_ _0\"></span>ir value con la rilevazione delle variazion<span class=\"_ _0\"></span>i dello stesso in una specifica ris<span class=\"_ _0\"></span>erva di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsbd gsa10\">patri<span class=\"_ _1c\"></span>monio n<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span>, in ba<span class=\"_ _1\"></span>se all<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>evisi<span class=\"_ _1c\"></span>oni cont<span class=\"_ _1\"></span>enute <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>\u2019IFR<span class=\"_ _1\"></span>S 9. Ta<span class=\"_ _1\"></span>le tra<span class=\"_ _1c\"></span>ttament<span class=\"_ _1c\"></span>o contab<span class=\"_ _1\"></span>ile <span class=\"_ _1c\"></span>\u00e8 </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gsa11\">coerente con la finalit<span class=\"_ _0\"></span>\u00e0 dell\u2019investimento, in<span class=\"_ _0\"></span> quanto tali azioni non sono detenute per finalit\u00e0 di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gsa12\">negoziazione e non sono qualif<span class=\"_ _0\"></span>icabili di controllo esclusivo,<span class=\"_ _0\"></span> collegamento e controllo congiunto. </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa13\">La finalit<span class=\"_ _0\"></span>\u00e0 dell\u2019investimento \u00e8 stata de<span class=\"_ _0\"></span>finita dal Consiglio di Amministr<span class=\"_ _0\"></span>azione della Societ\u00e0. <span class=\"ls1 ws1\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-39": {
   "value": "Sezione 3 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">In<span class=\"_ _0\"></span>formazi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> sui risch<span class=\"_ _0\"></span>i e sull<span class=\"_ _0\"></span>e relati<span class=\"_ _0\"></span>ve pol<span class=\"_ _0\"></span>itich<span class=\"_ _0\"></span>e di copertu<span class=\"_ _0\"></span>ra<span class=\"_ _4ac\"> </span></span></span>Premessa<span class=\"_ _0\"></span> L\u2019organi<span class=\"_ _0\"></span>zzazione del<span class=\"_ _0\"></span> Gruppo Anima<span class=\"_ _4ac\"> </span>In conformit\u00e0 con il quadro normativo applicabile e secondo quanto stabilito dal \u201cRegolamento<span class=\"_ _4ac\"> </span>di Gruppo\u201d<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- <span class=\"ls0 ws0\">in quanto compatibile con il Regolamento di governance della Capogru<span class=\"_ _0\"></span>ppo Banco<span class=\"_ _4ac\"> </span></span></span>BPM <span class=\"_ _1\"></span>e nel ri<span class=\"_ _1\"></span>spet<span class=\"_ _1\"></span>to dell<span class=\"_ _1c\"></span>o stesso <span class=\"_ _1\"></span><span class=\"ls1 ws1\">- <span class=\"_ _0\"></span><span class=\"ls0 ws76\">Anima Holding in qualit\u00e0 di controlla<span class=\"ls35 ws6e\">nte<span class=\"_ _0\"></span> intermedi<span class=\"_ _0\"></span>a, \u00e8 tenuta<span class=\"_ _4ac\"> </span></span></span></span>a coadiu<span class=\"_ _0\"></span>vare la Capo<span class=\"_ _0\"></span>gruppo <span class=\"ls1c wsb5\">Banco BP<span class=\"_ _1\"></span>M <span class=\"ls0 wsae\">nell\u2019esercizio de<span class=\"_ _0\"></span>ll\u2019attivit\u00e0 di dire<span class=\"_ _0\"></span>zione e coordinamento<span class=\"_ _4ac\"> </span></span></span>delle <span class=\"ls1 ws1\">s<span class=\"ls1d ws2b\">oc<span class=\"_ _0\"></span>iet\u00e0 </span>c<span class=\"lsf ws1f\">ontr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e e <span class=\"_ _1\"></span>ha co<span class=\"_ _1\"></span>mpete<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span>, in m<span class=\"_ _1\"></span>ateri<span class=\"_ _1\"></span>a di:<span class=\"_ _4ac\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">indiriz<span class=\"_ _0\"></span>zi generali programm<span class=\"_ _0\"></span>atici e strategici del Gruppo Anima;<span class=\"_ _4ac\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">indiriz<span class=\"_ _0\"></span>zi di governo societario; </span></span>-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws117\">allocaz<span class=\"_ _0\"></span>ione del capitale e manten<span class=\"_ _0\"></span>imento/monitoraggio<span class=\"_ _0\"></span> di un corretto e<span class=\"_ _0\"></span>quilibrio<span class=\"_ _4ac\"> </span></span></span>patri<span class=\"_ _1c\"></span>moniale<span class=\"_ _1\"></span>, econ<span class=\"_ _1\"></span>omic<span class=\"_ _1\"></span>o e fi<span class=\"_ _1\"></span>nanzi<span class=\"_ _1\"></span>ario d<span class=\"_ _1\"></span>el Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o Anima<span class=\"_ _1\"></span> e del<span class=\"_ _1\"></span>le S<span class=\"_ _1\"></span>ociet<span class=\"_ _1\"></span>\u00e0 Cont<span class=\"_ _1\"></span>rolla<span class=\"_ _1\"></span>te; -<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 wsd5\">analisi de<span class=\"_ _0\"></span>l contesto competit<span class=\"_ _0\"></span>ivo e individuazione delle<span class=\"_ _0\"></span> linee di crescita (int<span class=\"_ _0\"></span>erne ed<span class=\"_ _4ac\"> </span></span></span>esterne) volte a miglior<span class=\"_ _0\"></span>are il posizionamento del Gruppo Anima nei mercati di<span class=\"_ _4ac\"> </span>riferi<span class=\"_ _1c\"></span>mento;<span class=\"_ _4ac\"> </span>-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws9c\">operazion<span class=\"_ _0\"></span>i di natura straordin<span class=\"_ _0\"></span>aria e operazioni di sign<span class=\"_ _0\"></span>ificativo rilie<span class=\"_ _0\"></span>vo sotto il profilo<span class=\"_ _4ac\"> </span></span></span>strat<span class=\"_ _1\"></span>egico<span class=\"_ _1\"></span>, econ<span class=\"_ _1\"></span>omico<span class=\"_ _1\"></span>, patri<span class=\"_ _1\"></span>monial<span class=\"_ _1\"></span>e o finan<span class=\"_ _1\"></span>ziar<span class=\"_ _1\"></span>io; -<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 lsf ws1f\">asse<span class=\"_ _1\"></span>tti o<span class=\"_ _1\"></span>rganiz<span class=\"_ _1\"></span>zati<span class=\"_ _1\"></span>vi e d<span class=\"_ _1c\"></span>ell\u2019ass<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o ammi<span class=\"_ _1c\"></span>nistra<span class=\"_ _1\"></span>tivo e<span class=\"_ _1c\"></span> contab<span class=\"_ _1\"></span>ile d<span class=\"_ _1c\"></span>el Grup<span class=\"_ _1\"></span>po Ani<span class=\"_ _1c\"></span>ma; </span></span>-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">linee gu<span class=\"_ _0\"></span>ida e valutazione del sistem<span class=\"_ _0\"></span>a di controllo interno e di gestione dei ris<span class=\"_ _0\"></span>chi (SCIGR)<span class=\"_ _4ac\"> </span></span></span>del Gruppo<span class=\"_ _0\"></span> Anima; -<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 lse ws16\">str<span class=\"_ _0\"></span>ategie ICT di Gruppo<span class=\"_ _0\"></span>;<span class=\"_ _4ac\"> </span></span></span>-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws0\">politich<span class=\"_ _0\"></span>e di remunerazione e di incentivazione<span class=\"_ _0\"></span> da sottoporre all\u2019Assemblea or<span class=\"_ _0\"></span>dinaria; </span></span>-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls11 ws29\">gestione finanziaria; </span></span>-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls30 ws96\">model<span class=\"_ _1\"></span>lo di orga<span class=\"_ _1c\"></span>nizzazio<span class=\"_ _1\"></span>ne, gesti<span class=\"_ _1c\"></span>one e contr<span class=\"_ _1\"></span>ollo ex<span class=\"_ _1\"></span> D.lgs. 23<span class=\"_ _1\"></span>1/01<span class=\"_ _1\"></span>; </span></span>-<span class=\"ff9\"> <span class=\"_ _1b\"> </span><span class=\"ff1 ls0 ws15\">str<span class=\"_ _0\"></span>ategie di So<span class=\"_ _0\"></span>stenibilit\u00e0.<span class=\"_ _4ac\"> </span></span></span>Le societ<span class=\"_ _0\"></span>\u00e0 controllate sono competenti in<span class=\"_ _0\"></span> via esclusiva in materia di pre<span class=\"_ _0\"></span>stazione dei servizi di<span class=\"_ _4ac\"> </span>gestione del risparmio e dei servizi di investimento, nonch\u00e9 delle ulterior<span class=\"_ _0\"></span>i attivit\u00e0 funzionali<span class=\"_ _4ac\"> </span>all\u2019offert<span class=\"_ _0\"></span>a dei prodotti e all\u2019e<span class=\"_ _0\"></span>sercizio delle att<span class=\"_ _0\"></span>ivit\u00e0 del Gruppo Anima a beneficio<span class=\"_ _0\"></span> della propria<span class=\"_ _4ac\"> </span>cliente<span class=\"_ _0\"></span>la.<span class=\"_ _4ac\"> </span>La c<span class=\"_ _1\"></span>onfi<span class=\"_ _1\"></span>guraz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e org<span class=\"_ _1c\"></span>anizzati<span class=\"_ _1\"></span>va d<span class=\"_ _1\"></span>el G<span class=\"_ _1c\"></span>ruppo<span class=\"_ _1\"></span> Ani<span class=\"_ _1\"></span>ma ve<span class=\"_ _1\"></span>de,<span class=\"_ _1\"></span> qui<span class=\"_ _1\"></span>ndi,<span class=\"_ _1\"></span> l\u2019a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 op<span class=\"_ _1c\"></span>erativa<span class=\"_ _1c\"></span> quasi<span class=\"_ _4ac\"> </span>escl<span class=\"_ _1\"></span>usiva<span class=\"_ _1c\"></span>mente co<span class=\"_ _1\"></span>ncent<span class=\"_ _1c\"></span>rata sull<span class=\"_ _1\"></span>e socie<span class=\"_ _1\"></span>t\u00e0 con<span class=\"_ _1c\"></span>trolla<span class=\"_ _1\"></span>te.<span class=\"_ _4ac\"> </span>Le linee di indirizzo del sistema di controllo interno e di gestione dei rischi sono definite dal<span class=\"_ _4ac\"> </span>Consiglio di Am<span class=\"_ _0\"></span>ministrazione de<span class=\"_ _0\"></span>lla Societ\u00e0, con funzion<span class=\"_ _0\"></span>i di supervisione st<span class=\"_ _0\"></span>rategica e di gest<span class=\"_ _0\"></span>ione.<span class=\"_ _4ac\"> </span>Il Consiglio<span class=\"_ _0\"></span> di Amministraz<span class=\"_ _0\"></span>ione svolge la propria attivit<span class=\"_ _0\"></span>\u00e0 <span class=\"ls30 wsb4\">anc<span class=\"_ _1\"></span>he at<span class=\"_ _1\"></span>travers<span class=\"_ _1\"></span>o sp<span class=\"_ _1\"></span>ecifici<span class=\"_ _1\"></span> comi<span class=\"_ _1\"></span>tati<span class=\"_ _4ac\"> </span></span>costituiti al pro<span class=\"_ _0\"></span>prio interno, tra i quali il Comitato Controlli e Rischi e Sostenibilit<span class=\"_ _0\"></span>\u00e0 (il \u201cComitato\u201d).<span class=\"_ _4ac\"> </span>Il Comitato<span class=\"_ _0\"></span> \u00e8 costituito allo s<span class=\"_ _0\"></span>copo di assicurare il pr<span class=\"_ _0\"></span>esidio e la gest<span class=\"_ _0\"></span>ione dei rischi e la<span class=\"_ _4ac\"> </span>salvaguardia del valo<span class=\"ls0 wsae\">re azie<span class=\"_ _0\"></span>ndale a livello di Gru<span class=\"_ _0\"></span>ppo Anima, ivi compreso<span class=\"_ _0\"></span> il sistema dei contro<span class=\"_ _0\"></span>lli<span class=\"_ _4ac\"> </span></span>interni,<span class=\"_ _0\"></span> in attuazione degli indirizzi s<span class=\"_ _0\"></span>trategici e delle polit<span class=\"_ _0\"></span>iche di gestione defin<span class=\"_ _0\"></span>ite dagli Organi<span class=\"_ _4ac\"> </span>Soci<span class=\"_ _1\"></span>etari<span class=\"_ _1c\"></span>.<span class=\"_ _4ac\"> </span>Il Co<span class=\"_ _1\"></span>mitato <span class=\"_ _1\"></span>\u00e8 un o<span class=\"_ _1\"></span>rgano av<span class=\"_ _1c\"></span>ente po<span class=\"_ _1\"></span>tere c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ultiv<span class=\"_ _1\"></span>o e info<span class=\"_ _1\"></span>rmati<span class=\"_ _1\"></span>vo, \u00e8 c<span class=\"_ _1c\"></span>ompost<span class=\"_ _1\"></span>o da tre<span class=\"_ _4ac\"> </span>Ammi<span class=\"_ _1\"></span>nistra<span class=\"_ _1c\"></span>tori Ind<span class=\"_ _1\"></span>ipen<span class=\"_ _1\"></span>denti, <span class=\"_ _1c\"></span>con sig<span class=\"_ _1\"></span>nifica<span class=\"_ _1c\"></span>tive comp<span class=\"_ _1c\"></span>etenze<span class=\"_ _1\"></span> ed esp<span class=\"_ _1c\"></span>erienze<span class=\"_ _1\"></span> in ma<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span>a con<span class=\"_ _1\"></span>tabil<span class=\"_ _1c\"></span>e<span class=\"_ _4ac\"> </span>e finanziar<span class=\"_ _0\"></span>ia e/o di gestione del rischio. Alle r<span class=\"_ _0\"></span>iunioni del Comitato, di norma, <span class=\"ls32 ws5e\">p<span class=\"_ _0\"></span>arte<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ipa<span class=\"_ _4ac\"> </span></span>l\u2019Am<span class=\"_ _1\"></span>minis<span class=\"_ _1\"></span>trator<span class=\"_ _1\"></span>e Del<span class=\"_ _1\"></span>ega<span class=\"_ _1\"></span>to e Dir<span class=\"_ _1\"></span>ettor<span class=\"_ _1\"></span>e Ge<span class=\"_ _1\"></span>nerale d<span class=\"_ _1\"></span>ella S<span class=\"_ _1c\"></span>ociet\u00e0 (q<span class=\"_ _1c\"></span>uale in<span class=\"_ _1\"></span>carica<span class=\"_ _1\"></span>to a sov<span class=\"_ _1c\"></span>raintend<span class=\"_ _1c\"></span>ere<span class=\"_ _4ac\"> </span>il sistema di controllo interno<span class=\"_ _0\"></span> e gestione dei rischi), il Presidente del Collegio Sindacale della<span class=\"_ _4ac\"> </span>Soci<span class=\"_ _1\"></span>et\u00e0 (d<span class=\"_ _1c\"></span>i norma s<span class=\"_ _1c\"></span>ono invi<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> a par<span class=\"_ _1c\"></span>tecipare<span class=\"_ _1\"></span> anc<span class=\"_ _1\"></span>he<span class=\"ls1 ws1\"> <span class=\"ls0 ws0\">gli altri componenti del Co<span class=\"_ _0\"></span>llegio Sindacale<span class=\"_ _0\"></span>),<span class=\"_ _4ac\"> </span></span></span>i respon<span class=\"_ _0\"></span>sabili della Societ<span class=\"_ _0\"></span>\u00e0 delle funzioni Inte<span class=\"_ _0\"></span>rnal Audit e Com<span class=\"_ _0\"></span>pliance e, in re<span class=\"_ _0\"></span>lazione ai punti<span class=\"_ _4ac\"> </span>all\u2019or<span class=\"_ _0\"></span>dine del giorno, il Group CFO e il Dirigente Preposto alla re<span class=\"_ _0\"></span>dazione dei documenti contabili<span class=\"_ _4ac\"> </span>societa<span class=\"_ _1c\"></span>ri e i<span class=\"lsf ws5c\">l Gro<span class=\"_ _1\"></span>up CR<span class=\"_ _1\"></span>O. Poss<span class=\"_ _1c\"></span>ono inol<span class=\"_ _1c\"></span>tre esse<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span> invita<span class=\"_ _1c\"></span>ti a part<span class=\"_ _1\"></span>ecipa<span class=\"_ _1\"></span>re, i<span class=\"_ _1\"></span>n rela<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a sp<span class=\"_ _1\"></span>ecifi<span class=\"_ _1\"></span>che<span class=\"_ _4ac\"> </span></span>tematiche, <span class=\"_ _0\"></span>i membri dell\u2019<span class=\"_ _0\"></span>\u201cOrganismo di Vigilan<span class=\"_ _0\"></span>za 231\u201d e<span class=\"_ _0\"></span>d i membr<span class=\"_ _0\"></span>i degli organi <span class=\"_ _0\"></span>di<span class=\"_ _4ac\"> </span>amministr<span class=\"_ _0\"></span>azione e contr<span class=\"_ _0\"></span>ollo delle<span class=\"_ _0\"></span> Societ\u00e0 c<span class=\"_ _0\"></span>ontrollate.<span class=\"_ _4ac\"> </span>Nel 2025 \u00e8 stato avviato il progressivo allineamento delle linee di indirizzo del sistema di<span class=\"_ _4ac\"> </span>controllo inte<span class=\"_ _0\"></span>rno e di gestione dei risch<span class=\"_ _0\"></span>i a quelle del Gruppo Banco BPM, emanate dalla<span class=\"_ _4ac\"> </span>Capogruppo<span class=\"_ _0\"></span> Banco <span class=\"_ _0\"></span>BPM.<span class=\"_ _4ac\"> </span>Il Sistema dei contr<span class=\"_ _0\"></span>olli interni<span class=\"_ _4ac\"> </span>La Societ\u00e0 \u00e8 dotata di un apposito Sistema dei Controlli Intern<span class=\"_ _0\"></span>i e di Gestione dei Rischi (\u201cSCIGR\u201d),<span class=\"_ _4ac\"> </span>in line<span class=\"_ _0\"></span>a con la disciplina civilist<span class=\"_ _0\"></span>ica e con le indica<span class=\"_ _0\"></span>zioni del Codic<span class=\"_ _0\"></span>e di Corporate Govern<span class=\"_ _0\"></span>ance,<span class=\"_ _4ac\"> </span>idoneo a <span class=\"_ _0\"></span>presidiare nel c<span class=\"_ _0\"></span>ontinuo i r<span class=\"_ _0\"></span>ischi tipici <span class=\"_ _0\"></span>dell\u2019attiv<span class=\"ws7e\">it\u00e0 sociale. Il SCIGR co<span class=\"_ _0\"></span>stituisce la cornice<span class=\"_ _4ac\"> </span></span>di riferimento nell\u2019am<span class=\"_ _0\"></span>bito della quale sono d<span class=\"_ _1\"></span>elineat<span class=\"_ _0\"></span>i gli obiettivi ed i principi che devono ispirare<span class=\"_ _4ac\"> </span>il disegno, il funzion<span class=\"_ _0\"></span>amento e l\u2019evoluzione nel continuo<span class=\"_ _0\"></span> di un efficace sistema di controllo,<span class=\"_ _4ac\"> </span>nonc<span class=\"_ _1\"></span>h\u00e9 i ruol<span class=\"_ _1\"></span>i,<span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls0 ws8b\">i compiti e le responsabilit<span class=\"_ _0\"></span>\u00e0 degli Organi e delle Funzioni Aziendali. Il SCIGR \u00e8<span class=\"_ _4ac\"> </span></span></span>altr<span class=\"_ _1\"></span>es\u00ec <span class=\"_ _1\"></span>strut<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span>to pe<span class=\"_ _1c\"></span>r assi<span class=\"_ _1\"></span>cura<span class=\"_ _1\"></span>re <span class=\"_ _1\"></span>una c<span class=\"_ _1\"></span>orret<span class=\"_ _1c\"></span>ta info<span class=\"_ _1\"></span>rmati<span class=\"_ _1\"></span>va f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ria <span class=\"_ _1\"></span>ed u<span class=\"_ _1\"></span>n\u2019ad<span class=\"_ _1\"></span>egua<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>opert<span class=\"_ _1\"></span>ura<span class=\"_ _4ac\"> </span>del controllo su tutte le<span class=\"_ _0\"></span> attivit\u00e0 del Gruppo Anima, assicuran<span class=\"_ _0\"></span>do l\u2019affidabilit\u00e0 dei dati contabili e<span class=\"_ _4ac\"> </span>gestion<span class=\"_ _0\"></span>ali, il rispetto delle le<span class=\"_ _0\"></span>ggi e dei regolamenti e<span class=\"_ _0\"></span> la salvaguardia dell\u2019int<span class=\"_ _0\"></span>egrit\u00e0 aziendale,<span class=\"_ _4ac\"> </span>anche<span class=\"_ _1c\"></span> al fi<span class=\"_ _1\"></span>ne di<span class=\"_ _1\"></span> prev<span class=\"_ _1c\"></span>enire f<span class=\"_ _1\"></span>rodi<span class=\"_ _1\"></span> a da<span class=\"_ _1\"></span>nno d<span class=\"_ _1\"></span>ella<span class=\"_ _1c\"></span> Societ\u00e0<span class=\"_ _1c\"></span> e dei <span class=\"_ _1\"></span>mer<span class=\"_ _1\"></span>cati<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>nziari<span class=\"_ _1c\"></span>. Il SC<span class=\"_ _1\"></span>IGR a<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>tato<span class=\"_ _4ac\"> </span>\u00e8 prop<span class=\"_ _1c\"></span>orziona<span class=\"_ _1\"></span>to all<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>natura<span class=\"_ _1c\"></span> ed in<span class=\"_ _1\"></span>t<span class=\"ls0 ws81\">ensit\u00e0 dei rischi azien<span class=\"_ _0\"></span>dali (<span class=\"ff5 ls33 ws670\">c.<span class=\"_ _13\"></span>d<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _13\"></span> b<span class=\"_ _0\"></span>as<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span> ap<span class=\"_ _0\"></span>p<span class=\"_ _13\"></span>ro<span class=\"_ _13\"></span>ac<span class=\"_ _0\"></span>h<span class=\"_ _13\"></span></span>), alle<span class=\"_ _4ac\"> </span></span>dimensioni ed alle<span class=\"_ _0\"></span> caratteristiche operat<span class=\"_ _0\"></span>ive dell\u2019impresa.<span class=\"_ _4ac\"> </span>Il SCIGR si artico<span class=\"_ _0\"></span>la su tre livelli di contro<span class=\"_ _0\"></span>llo:<span class=\"_ _4ac\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws132\">controlli di primo liv<span class=\"_ _1c\"></span>ello (o controlli di lin<span class=\"_ _1\"></span>ea)<span class=\"ff1 ls31 ws70\">, che co<span class=\"_ _0\"></span>stitu<span class=\"_ _0\"></span>iscono la ver<span class=\"_ _0\"></span>a e propria<span class=\"_ _4ac\"> </span></span></span></span>gestione o<span class=\"_ _0\"></span>perativa dei rischi e<span class=\"_ _0\"></span> che hanno l\u2019obiettivo<span class=\"_ _0\"></span> di assicurare il corre<span class=\"_ _0\"></span>tto svolgimento<span class=\"_ _4ac\"> </span>delle operazioni effett<span class=\"_ _0\"></span>uate nell\u2019ambito dei process<span class=\"_ _0\"></span>i aziendali. Tali controlli, messi in atto<span class=\"_ _4ac\"> </span>dai respon<span class=\"_ _0\"></span>sabili delle attiv<span class=\"_ _0\"></span>it\u00e0 <span class=\"ls30 ws122\">ope<span class=\"_ _1\"></span>rativ<span class=\"_ _1\"></span>e (<span class=\"ff5 ls51 ws671\">c.<span class=\"_ _1\"></span>d.<span class=\"_ _1\"></span> ri<span class=\"_ _1c\"></span>s<span class=\"_ _0\"></span>k ow<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>r<span class=\"ff1 ls30 ws122\">), s<span class=\"_ _1\"></span>ono di<span class=\"_ _1\"></span> tipo g<span class=\"_ _1\"></span>erarc<span class=\"_ _1\"></span>hico,<span class=\"_ _4ac\"> </span></span></span></span>sist<span class=\"_ _1\"></span>ematic<span class=\"_ _1c\"></span>o e a campi<span class=\"_ _1c\"></span>one, ovv<span class=\"_ _1\"></span>ero in<span class=\"_ _1\"></span>corpo<span class=\"_ _1\"></span>rati <span class=\"_ _1\"></span>nelle p<span class=\"_ _1\"></span>roced<span class=\"_ _1\"></span>ure i<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>matic<span class=\"_ _1\"></span>he di c<span class=\"_ _1c\"></span>ui<span class=\"_ _4ac\"> </span>dispone <span class=\"_ _0\"></span>la Societ\u00e0;<span class=\"_ _4ac\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws672\">controlli di secondo livello<span class=\"ff1 ls0 ws79\">, volti a v<span class=\"_ _0\"></span>erificare i risch<span class=\"_ _0\"></span>i cui \u00e8 esposta la So<span class=\"_ _0\"></span>ciet\u00e0 nello<span class=\"_ _4ac\"> </span></span></span></span>svolgimento de<span class=\"_ _0\"></span>lla propria attivit\u00e0. Tali contro<span class=\"_ _0\"></span>lli sono effettuati dalla funzione Group<span class=\"_ _4ac\"> </span>Compliance (che<span class=\"_ _0\"></span> riporta alla Dir<span class=\"_ _0\"></span>ezione Rischi) pe<span class=\"_ _0\"></span>r quanto attiene i r<span class=\"_ _0\"></span>ischi di n<span class=\"_ _0\"></span>on<span class=\"_ _4ac\"> </span>conf<span class=\"_ _0\"></span>ormit\u00e0<span class=\"_ _0\"></span> alla no<span class=\"_ _0\"></span>rmativa<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _15\"> </span><span class=\"ls0 wsf3\">in materia di Ant<span class=\"_ _0\"></span>iriciclaggio, Market<span class=\"_ _0\"></span> Abuse e Conflitto di<span class=\"_ _4ac\"> </span></span></span>Interesse,<span class=\"_ _0\"></span> dalla funzione di Revisione Intern<span class=\"_ _0\"></span>a (Internal Audit) limit<span class=\"_ _0\"></span>atamente alle<span class=\"_ _4ac\"> </span>procedure amm<span class=\"_ _0\"></span>inistrative e contabili predis<span class=\"_ _0\"></span>poste ai sensi della L. 262/05. Le<span class=\"_ _0\"></span> societ\u00e0<span class=\"_ _4ac\"> </span>opera<span class=\"_ _1\"></span>tive p<span class=\"_ _1\"></span>osso<span class=\"_ _1\"></span>no ave<span class=\"_ _1\"></span>re, i<span class=\"_ _1\"></span>n<span class=\"ls0 ws77\">oltre, ulterior<span class=\"_ _0\"></span>i presidi specifici sulla bas<span class=\"_ _0\"></span>e delle attivit<span class=\"_ _0\"></span>\u00e0 svolte;<span class=\"_ _4ac\"> </span></span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws132\">controlli di terzo<span class=\"_ _1\"></span> livello<span class=\"ff1 ls32 wsfb\">, v<span class=\"_ _0\"></span>olt<span class=\"_ _0\"></span>i a v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>aden<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>a pre<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span>, la c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>a, l<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></span></span></span>funzionalit<span class=\"_ _0\"></span>\u00e0 e l\u2019adeguatezza de<span class=\"_ _0\"></span>l SCIGR in relazione alla n<span class=\"_ _0\"></span>atura e all\u2019intensit\u00e0<span class=\"_ _0\"></span> dei rischi e<span class=\"_ _4ac\"> </span>delle complessive esigenze azien<span class=\"_ _0\"></span>dali. Detti controlli sono messi in atto dalla funzione di Intern<span class=\"_ _0\"></span>al Audit,<span class=\"_ _0\"></span> anche a vale<span class=\"_ _0\"></span>re sulle<span class=\"_ _0\"></span> societ\u00e0 contr<span class=\"_ _0\"></span>ollate.<span class=\"ls1 ws1\"> </span>Il po<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>oname<span class=\"_ _1\"></span>nto o<span class=\"_ _1c\"></span>rganizz<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>o e i <span class=\"_ _1c\"></span>riporti<span class=\"_ _1\"></span> gera<span class=\"_ _1\"></span>rchic<span class=\"_ _1\"></span>i ch<span class=\"_ _1\"></span>e ca<span class=\"_ _1\"></span>ratteri<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>no le<span class=\"_ _1\"></span> str<span class=\"_ _1\"></span>uttur<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>rollo di secondo e terzo<span class=\"_ _0\"></span> livello ne assicurano l\u2019indipenden<span class=\"_ _0\"></span>za dalle funzioni di gestione operativa<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span>Al fine di a<span class=\"_ _0\"></span>ssicurare il cor<span class=\"_ _0\"></span>retto funz<span class=\"_ _0\"></span>ionamento di t<span class=\"_ _0\"></span>ale sistem<span class=\"_ _0\"></span>a sono state adott<span class=\"_ _0\"></span>ate regol<span class=\"_ _0\"></span>e interne, tecniche di misur<span class=\"_ _0\"></span>azione e meccanismi di controllo formalmente descr<span class=\"_ _0\"></span>itti in specifiche procedure azien<span class=\"_ _0\"></span>dali.<span class=\"ls1 ws1\"> </span>L\u2019effett<span class=\"_ _0\"></span>ivo funzionamento e la verifica di adeguatezza del SCIGR sono affidati alla res<span class=\"_ _0\"></span>ponsabilit\u00e0 dei seguenti Organ<span class=\"_ _0\"></span>i e Funzioni aziendali:<span class=\"ls1 ws1\"> </span><table class=\"s wafd h4ad\" id=\"_beb0f395-c555-4dd1-afab-95f2a46afd3f\"><tr><td></td><td class=\"c xc8f y382c w1ba h96\"><div class=\"t m0 xd9 h2 y8 ff2 fs0 fc0 sc0 lse ws16\">Anima Ho<span class=\"_ _0\"></span>lding<span class=\"ls1 ws1\"> </span></div></td></tr><tr><td class=\"t m0 xc90 h80 y382d ff8 fs0 fc0 sc0 ls1 ws1\">\u2022</td><td class=\"c xc8f y382e w1ba h276\"><div class=\"t m0 x16 h2 y243b ff9 fs0 fc0 sc0 ls1 ws1\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws0\">Consiglio di Amm<span class=\"_ _0\"></span>inistrazione;</span><span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c n x212 y3830 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y3832 waff h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls0 ws15\">Collegio<span class=\"_ _0\"></span> Sindacale;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y3833 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y3834 wb00 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls30 ws27\">Ammi<span class=\"_ _1\"></span>nistra<span class=\"_ _1c\"></span>tore Del<span class=\"_ _1\"></span>egato e<span class=\"_ _1c\"></span> Dirett<span class=\"_ _1\"></span>ore Gen<span class=\"_ _1\"></span>eral<span class=\"_ _1\"></span>e;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y3835 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y3836 wb01 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls1d ws85\">Condi<span class=\"_ _0\"></span>rett<span class=\"_ _0\"></span>ore Gene<span class=\"_ _0\"></span>rale<span class=\"_ _0\"></span>;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y3837 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y3838 wb02 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls0 ws15\">Comitato<span class=\"_ _0\"></span> Controlli, <span class=\"_ _0\"></span>Rischi e Sost<span class=\"_ _0\"></span>enibilit\u00e0;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y3839 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y383a wb03 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls0 ws0\">Responsabile de<span class=\"_ _0\"></span>lla funzione Internal Audit;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y383b wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y383c wb04 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls0 ws0\">Responsabile de<span class=\"_ _0\"></span>lla direzione Rischi (\u201cGroup Ch<span class=\"_ _0\"></span>ief<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xc92 h2 y383d ff1 fs0 fc0 sc0 ls11 ws29\">Risk Office\u201d);<span class=\"ls1 ws1\"> </span></td></tr><tr><td class=\"c n x212 y383e wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y383f wb05 h4aa\"><div class=\"t m0 x1fa h2 y3831 ff1 fs0 fc0 sc0 ls0 ws0\">Responsabile de<span class=\"_ _0\"></span>lla funzione Group Compliance;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c n x212 y3840 wafe h465\"><div class=\"t m0 x1fa h2 y382f ff8 fs0 fc0 sc0 ls1 ws1\">\u2022<span class=\"_ _4ac\"> </span></div></td><td class=\"c n xc91 y3842 wb06 h4ae\"><div class=\"t m0 x1fa h2 y3841 ff1 fs0 fc0 sc0 ls1c ws26\">Dirig<span class=\"_ _1\"></span>ente Pr<span class=\"_ _1\"></span>epost<span class=\"_ _1\"></span>o ex a<span class=\"_ _1\"></span>rt. 15<span class=\"_ _1\"></span>4 bis del<span class=\"_ _1\"></span> TU<span class=\"_ _1\"></span>F;<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"t m0 xc90 h80 y3843 ff8 fs0 fc0 sc0 ls1 ws1\">\u2022</td><td class=\"c xc8f y382e w1ba h276\"><div class=\"t m0 x16 h2 y8 ff9 fs0 fc0 sc0 ls1 ws1\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls1d ws85\">Or<span class=\"_ _0\"></span>ganismo<span class=\"_ _0\"></span> di Vigil<span class=\"_ _0\"></span>anz<span class=\"_ _0\"></span>a ex D.L<span class=\"_ _0\"></span>gs. 231/<span class=\"_ _0\"></span>2001.</span><span class=\"ff1\"> </span></div></td></tr></table>In gener<span class=\"_ _0\"></span>ale il perimetro dei risch<span class=\"_ _0\"></span>i individuati e pre<span class=\"_ _0\"></span>sidiati dal Gruppo<span class=\"_ _0\"></span> Anima include: (i) i risch<span class=\"_ _0\"></span>i che atten<span class=\"_ _0\"></span>gono i processi aziendali t<span class=\"_ _0\"></span>ipici (i \u201cRischi di im<span class=\"_ _0\"></span>presa\u201d),<span class=\"_ _0\"></span> (ii) quelli riguar<span class=\"_ _0\"></span>danti i processi di investimento<span class=\"_ _0\"></span> applicati ai patrimoni collett<span class=\"_ _0\"></span>ivi o individuali gestit<span class=\"_ _0\"></span>i (i \u201cRischi dei portafogli gestit<span class=\"_ _0\"></span>i\u201d) e (iii) i rischi conne<span class=\"_ _0\"></span>ssi all\u2019inf<span class=\"ls11 ws29\">ormativa finanziar<span class=\"_ _0\"></span>ia (ex art. 123 bis, c. 2, lett. B) del TUF).<span class=\"ls1 ws1\"> </span></span>Sono cons<span class=\"_ _0\"></span>iderati rischi d\u2019impres<span class=\"_ _0\"></span>a i rischi di su<span class=\"_ _0\"></span>bire impatti negativi su<span class=\"_ _0\"></span>i risultati econom<span class=\"_ _0\"></span>ici e sulla situazione patrimoniale e fin<span class=\"_ _0\"></span>anziaria di ciascuna societ\u00e0 del Gruppo An<span class=\"_ _0\"></span>ima (fino al caso estremo di porre in pericolo<span class=\"_ _0\"></span> la continuit\u00e0 aziendale).<span class=\"ls1 ws1\"> </span>Nell\u2019ambito<span class=\"_ _0\"></span> dell\u2019<span class=\"ff5 ls51 ws71\">Ente<span class=\"_ _0\"></span>rpr<span class=\"_ _1c\"></span>i<span class=\"_ _1\"></span>se<span class=\"_ _13\"></span> Ri<span class=\"_ _1\"></span>sk M<span class=\"_ _13\"></span>a<span class=\"_ _d\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _1c\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"ff1 ls1 ws1\"> <span class=\"ls11 wscf\">(\u201cERM\u201d) Framewor<span class=\"_ _0\"></span>k del Gruppo Anima sono stati </span></span></span>individuate<span class=\"_ _0\"></span> le seguenti categorie di rischi d\u2019impresa, intesi come rischi che potre<span class=\"_ _0\"></span>bbero impa<span class=\"_ _1\"></span>ttare i<span class=\"_ _1\"></span>l Grup<span class=\"_ _1\"></span>po <span class=\"_ _1\"></span>nel su<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpless<span class=\"_ _1\"></span>o e/o <span class=\"_ _1\"></span>una o p<span class=\"_ _1\"></span>i\u00f9 de<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1\"></span> che l<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>tituis<span class=\"_ _1\"></span>cono<span class=\"_ _1\"></span>:<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws673\">Rischio Operativo<span class=\"ff1 ls0 wsd5\">, il rischio di subire im<span class=\"_ _0\"></span>patti negativ<span class=\"_ _0\"></span>i sui risultati economici de<span class=\"_ _0\"></span>lla </span></span></span>Societ\u00e0 o<span class=\"_ _0\"></span> del <span class=\"ls11 ws64\">Gruppo Anima a seguito di un accadimento<span class=\"_ _0\"></span> legato a cause di natura </span>operativ<span class=\"_ _0\"></span>a (gestione delle risorse<span class=\"_ _0\"></span> umane, dei processi, della tecnolo<span class=\"_ _0\"></span>gia ed eventi esterni). Sono esclu<span class=\"_ _0\"></span>si i rischi derivant<span class=\"_ _0\"></span>i dalla gest<span class=\"_ _0\"></span>ione dei reclami e<span class=\"_ _0\"></span> i rischi legali, i r<span class=\"_ _0\"></span>ischi rep<span class=\"_ _1\"></span>utazi<span class=\"_ _1\"></span>ona<span class=\"ls0 ws0\">li, strategici e finanziari;<span class=\"ls1 ws1\"> </span></span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws450\">Rischio Reputazionale<span class=\"ff1 ls0 ws54\">, il rischio di su<span class=\"_ _0\"></span>bire impatti negativi s<span class=\"_ _0\"></span>ui risultat<span class=\"_ _0\"></span>i economici della </span></span></span>Societ\u00e0<span class=\"_ _0\"></span> o del Gruppo Anim<span class=\"_ _0\"></span>a in seguito al dan<span class=\"_ _0\"></span>neggiamento de<span class=\"_ _0\"></span>lla reputazione de<span class=\"_ _0\"></span>lla Societ\u00e0 o del Gruppo Anima presso terzi. Gli impatti negativi sul conto economico della Soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _1\"></span>o del G<span class=\"_ _1c\"></span>rup<span class=\"ls0 ws75\">po Anima derivano principalme<span class=\"_ _0\"></span>nte dalla diminuzione dei ricavi </span>conseguenti alla<span class=\"_ _0\"></span> riduzione dei volumi di affari, ma possono deriv<span class=\"_ _0\"></span>are dall\u2019incremento dei costi che la Societ\u00e0 o il Gruppo Anima decide di sostenere per limitare gli impatti <span class=\"ls2f ws58\">di </span>eventi <span class=\"_ _0\"></span>reputazionali n<span class=\"_ _0\"></span>egativi;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws674\">Rischio Strategico<span class=\"ff1 ls0 wsb0\">, il rischio di su<span class=\"_ _0\"></span>bire impatti ne<span class=\"_ _0\"></span>gativi sui risultati econ<span class=\"_ _0\"></span>omici e sulla </span></span></span>situazione patrimon<span class=\"_ _0\"></span>iale e finanziaria della Societ\u00e0 o del Gruppo Anima in seguito all\u2019errat<span class=\"_ _0\"></span>a definizione delle str<span class=\"_ _0\"></span>ategie aziendali. Il risch<span class=\"_ _0\"></span>io strategico \u00e8 funzione della compatibilit<span class=\"_ _0\"></span>\u00e0<span class=\"ls1 ws1\">  </span><span class=\"wsc1\">fra gli obiettivi st<span class=\"_ _0\"></span>rategici dell\u2019azie<span class=\"_ _0\"></span>nda, il contes<span class=\"_ _0\"></span>to esterno, le<span class=\"_ _0\"></span> strategie </span>programmate per<span class=\"_ _0\"></span> il raggiungimento de<span class=\"_ _0\"></span>gli obiettivi strategic<span class=\"_ _0\"></span>i, le risorse dedicate allo scopo e la qualit\u00e0 de<span class=\"_ _0\"></span>ll\u2019implementazione delle<span class=\"_ _0\"></span> strategie definite;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws33f\">Rischio di Business<span class=\"ff1 ls0 ws77\">, il rischio che<span class=\"_ _0\"></span> la Societ\u00e0 o il Gruppo Anim<span class=\"_ _0\"></span>a non riesca a raggiungere </span></span></span>i propri o<span class=\"_ _0\"></span>biettivi finanziari e/o o<span class=\"_ _0\"></span>perativi a caus<span class=\"_ _0\"></span>a di fattori intern<span class=\"_ _0\"></span>i e/o esterni che influen<span class=\"_ _0\"></span>zano negativamente la sua attivit\u00e0 e l\u2019<span class=\"_ _0\"></span>implementazione delle str<span class=\"_ _0\"></span>ategie di busi<span class=\"_ _1\"></span>ness<span class=\"_ _1\"></span>. Ques<span class=\"_ _1c\"></span>ti <span class=\"ls0 wsfe\">fattor<span class=\"_ _0\"></span>i possono inc<span class=\"_ _0\"></span>ludere cambiamenti nel merc<span class=\"_ _0\"></span>ato, riduzione de<span class=\"_ _0\"></span>lla </span>doma<span class=\"_ _1\"></span>nda dei<span class=\"_ _1\"></span> prod<span class=\"_ _1c\"></span>otti o s<span class=\"_ _1\"></span>ervizi<span class=\"_ _1c\"></span>, aument<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>la conc<span class=\"_ _1c\"></span>orrenza<span class=\"_ _1\"></span>, evol<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne no<span class=\"_ _1\"></span>rmativ<span class=\"_ _1\"></span>a, fluttuazion<span class=\"_ _0\"></span>i dei costi operativi o inefficienz<span class=\"_ _0\"></span>e interne;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws675\">Rischio Finanziario<span class=\"ff1 ls0 ws99\">, il rischio di subire impatti negativi sui risultati economici e sulla </span></span></span>situa<span class=\"_ _1c\"></span>zione pa<span class=\"_ _1c\"></span>trimoni<span class=\"_ _1\"></span>ale<span class=\"_ _1\"></span> e fina<span class=\"_ _1\"></span>nziari<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>la S<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1\"></span> o del<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima i<span class=\"_ _1\"></span>n seg<span class=\"_ _1\"></span>uito a<span class=\"_ _1c\"></span> perdite subite<span class=\"_ _0\"></span> dagli strumenti finanziar<span class=\"_ _0\"></span>i e dagli altr<span class=\"_ _0\"></span>i attivi in cui sia in<span class=\"_ _0\"></span>vestito il portafo<span class=\"_ _0\"></span>glio d<span class=\"lsf ws92\">i p<span class=\"_ _1\"></span>ropri<span class=\"_ _1\"></span>et\u00e0 d<span class=\"_ _1\"></span>ella <span class=\"_ _1\"></span>Soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span> Grupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1c\"></span>ma (ri<span class=\"_ _1\"></span>entra<span class=\"_ _1\"></span> in q<span class=\"_ _1c\"></span>uesta fa<span class=\"_ _1\"></span>ttis<span class=\"_ _1c\"></span>pecie il<span class=\"_ _1\"></span> risc<span class=\"_ _1c\"></span>hio di<span class=\"_ _1\"></span> </span>credito derivant<span class=\"_ _0\"></span>e dai depositi di liquidit<span class=\"_ _0\"></span>\u00e0);<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws316\">Rischio di Sostenibilit\u00e0<span class=\"ff1 ls0 ws5f\">, il rischio di subir<span class=\"_ _0\"></span>e impatti ne<span class=\"_ _0\"></span>gativi sui risult<span class=\"_ _0\"></span>ati economici e sulla </span></span></span>situazione<span class=\"_ _0\"></span> patrimoniale e fin<span class=\"_ _0\"></span>anziaria della Societ\u00e0 o de<span class=\"_ _0\"></span>l Gruppo Anima in seguito alla possibilit\u00e0<span class=\"_ _0\"></span> che si verifichi un<span class=\"_ _0\"></span> evento o una condizione av<span class=\"_ _0\"></span>versa di tipo ambient<span class=\"_ _0\"></span>ale, sociale o di <span class=\"ls11 ws29\">governance (\u201cESG\u201d);<span class=\"ls1 ws1\"> </span></span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws450\">Rischio connesso a<span class=\"_ _1\"></span> garanzie rilasciate su<span class=\"_ _1\"></span> fondi pensione<span class=\"ff1 ls0 ws54\">, il rischio di subire impatti </span></span></span>negativi sui risult<span class=\"_ _0\"></span>ati economici e sulla situazione patr<span class=\"_ _0\"></span>imoniale e finanziaria della Societ\u00e0 o del G<span class=\"_ _1c\"></span>ruppo A<span class=\"_ _1\"></span>nima i<span class=\"_ _1\"></span>n segui<span class=\"_ _1c\"></span>to alle p<span class=\"_ _1\"></span>erdi<span class=\"_ _1\"></span>te con<span class=\"_ _1\"></span>nesse al<span class=\"_ _1\"></span> rei<span class=\"_ _1\"></span>nteg<span class=\"_ _1\"></span>ro a fav<span class=\"_ _1\"></span>ore deg<span class=\"_ _1\"></span>li ad<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nti a fond<span class=\"_ _1\"></span>i pen<span class=\"_ _1\"></span>sione<span class=\"_ _1\"></span> gesti<span class=\"_ _1c\"></span>ti dal G<span class=\"_ _1\"></span>ruppo A<span class=\"_ _1c\"></span>nima, <span class=\"ls0 ws15\">per i quali lo ste<span class=\"_ _0\"></span>sso abbia rilasc<span class=\"_ _0\"></span>iato garanzie </span>di restituz<span class=\"_ _0\"></span>ione del capitale o di rendimento minimo;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws15a\">Rischio di Compliance e Lega<span class=\"_ _0\"></span>le<span class=\"ff1 ls30 ws27\">, p<span class=\"_ _1\"></span>u\u00f2 ess<span class=\"_ _1\"></span>ere a <span class=\"_ _1\"></span>sua v<span class=\"_ _1\"></span>olta s<span class=\"_ _1c\"></span>uddivis<span class=\"_ _1\"></span>o in:<span class=\"ls1 ws1\"> </span></span></span></span>\u2212<span class=\"ff9\"> <span class=\"_ _b2\"> </span><span class=\"ff2 ls0 ws9e\">risch<span class=\"_ _0\"></span>io di compliance<span class=\"ff1\">: il rischio<span class=\"_ _0\"></span> di perdite o danni finanziari derivan<span class=\"_ _0\"></span>ti da una </span></span></span>violazione delle le<span class=\"_ _0\"></span>ggi e <span class=\"_ _1\"></span>dei regolament<span class=\"_ _0\"></span>i applicabili o dalla mancata osservanza di norme e re<span class=\"_ _0\"></span>golamenti interni o<span class=\"_ _0\"></span> esterni o di prassi di m<span class=\"_ _0\"></span>ercato. In<span class=\"_ _0\"></span> tali circostanze<span class=\"_ _0\"></span> la perdit<span class=\"_ _0\"></span>a o il danno pu\u00f2 pre<span class=\"_ _0\"></span>se<span class=\"ls30 wsaa\">nta<span class=\"_ _1\"></span>rsi s<span class=\"_ _1\"></span>otto fo<span class=\"_ _1\"></span>rma<span class=\"_ _1\"></span> di mul<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>e e sa<span class=\"_ _1c\"></span>nzioni i<span class=\"_ _1c\"></span>mposte d<span class=\"_ _1\"></span>alle<span class=\"_ _1\"></span> </span>autorit\u00e0<span class=\"_ _0\"></span> di regolamentazione e/o dalle autorit\u00e0 penali o altre, s<span class=\"_ _0\"></span>anzioni quali restrizioni de<span class=\"_ _0\"></span>lle attivit\u00e0 commerciali, impo<span class=\"_ _0\"></span>sizione di misure correttive obbligator<span class=\"_ _0\"></span>ie (comp<span class=\"_ _0\"></span>reso il mon<span class=\"_ _0\"></span>i<span class=\"ls0 ws0\">toraggio) o<span class=\"_ _0\"></span> persino la perdita della licenza;<span class=\"ls1 ws1\"> </span></span>\u2212<span class=\"ff9\"> <span class=\"_ _b2\"> </span><span class=\"ff2 ls42 ws676\">rischio legale<span class=\"ff1 ls0 ws76\">: rischio legato alle potenziali perdite finanziarie o danni derivanti da </span></span></span>controvers<span class=\"_ _0\"></span>ie legali, reclami, cause civili o a<span class=\"_ _0\"></span>zioni legali intraprese contro la Societ<span class=\"_ _0\"></span>\u00e0 o il G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Ani<span class=\"_ _1\"></span>ma. Q<span class=\"_ _1\"></span>uesto<span class=\"_ _1\"></span> tipo<span class=\"_ _1\"></span> di ri<span class=\"_ _1\"></span>schi<span class=\"_ _1\"></span>o pu<span class=\"_ _1\"></span>\u00f2 de<span class=\"_ _1\"></span>riva<span class=\"_ _1\"></span>re da <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>tratti<span class=\"_ _1\"></span> non <span class=\"_ _1\"></span>adeg<span class=\"_ _1\"></span>uati <span class=\"_ _1\"></span>o incompleti,<span class=\"ls1 ws1\"> </span><span class=\"wsae\">violazioni di leggi o regolamenti, negligen<span class=\"_ _0\"></span>za o altri comportamenti ille<span class=\"_ _0\"></span>citi </span>che espon<span class=\"_ _0\"></span>gono l'organizzazi<span class=\"_ _0\"></span>one a respons<span class=\"_ _0\"></span>abilit\u00e0 legale<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws5e\">Rischio di Liquidit<span class=\"_ _1\"></span>\u00e0<span class=\"ff1 ls0 ws8c\">, pos<span class=\"_ _0\"></span>sibilit\u00e0 che la Societ\u00e0 o il Gruppo Anima non sia in grado di far<span class=\"_ _1\"></span> </span></span></span>fronte alle richieste di liquidit<span class=\"_ _0\"></span>\u00e0 dei propri clienti o di adempiere agli o<span class=\"_ _1\"></span>bblighi fina<span class=\"_ _0\"></span>nziari nei tem<span class=\"_ _0\"></span>pi previsti;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 lse wsa2\">Rischio<span class=\"_ _0\"></span> di Leva Finan<span class=\"_ _0\"></span>ziaria eccess<span class=\"_ _0\"></span>iva<span class=\"ff1 ls0 ws10a\">, il risch<span class=\"_ _0\"></span>io che un livello di indebit<span class=\"_ _0\"></span>amento </span></span></span>particolarment<span class=\"_ _0\"></span>e elevato rispetto alla dotazione di mezzi propri renda la Societ<span class=\"_ _0\"></span>\u00e0 o il Gruppo Anima vulnerabile,<span class=\"_ _0\"></span> richiedendo l\u2019adozione di misure corr<span class=\"_ _0\"></span>ettive al Piano industriale<span class=\"_ _0\"></span>;<span class=\"_ _4ac\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff2 ls42 ws677\">Rischio Sistemico<span class=\"ff1 ls0 ws8b\">, il rischio che<span class=\"_ _0\"></span> l'insolvenza o il fallime<span class=\"_ _0\"></span>nto di uno<span class=\"_ _0\"></span> o pi\u00f9 operatori del </span></span></span>mercato determ<span class=\"_ _0\"></span>ini generalizz<span class=\"_ _0\"></span>ati fenomeni d'insolven<span class=\"_ _0\"></span>za o fallimenti a cat<span class=\"_ _0\"></span>ena di altri intermediar<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>L\u2019Ent<span class=\"_ _1\"></span>erpri<span class=\"_ _1\"></span>se Ris<span class=\"_ _1\"></span>k Ma<span class=\"_ _1\"></span>nagem<span class=\"_ _1c\"></span>ent costi<span class=\"_ _1\"></span>tuisc<span class=\"_ _1\"></span>e per<span class=\"_ _1\"></span>tant<span class=\"_ _1\"></span>o un fra<span class=\"_ _1c\"></span>mework in<span class=\"_ _1\"></span>tegra<span class=\"_ _1c\"></span>to e coere<span class=\"_ _1\"></span>nte p<span class=\"_ _1\"></span>er la gestione dei rischi di impresa, inc<span class=\"_ _0\"></span>rementando la complessiva resilien<span class=\"_ _0\"></span>za del Gruppo Anima e delle s<span class=\"_ _1\"></span>ocie<span class=\"_ _1\"></span>t\u00e0 cont<span class=\"_ _1\"></span>rollate. Ta<span class=\"_ _1\"></span>le m<span class=\"_ _1\"></span>odell<span class=\"_ _1\"></span>o preved<span class=\"_ _1c\"></span>e la converg<span class=\"_ _1\"></span>enza <span class=\"_ _1\"></span>tra le <span class=\"_ _1\"></span>funz<span class=\"lse ws68\">ioni di gest<span class=\"_ _0\"></span>ione del </span>risc<span class=\"_ _1\"></span>hio t<span class=\"_ _1\"></span>ramite<span class=\"_ _1\"></span>, l\u2019ad<span class=\"_ _1\"></span>ozio<span class=\"_ _1\"></span>ne di:<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws0\">linee guida comun<span class=\"_ _0\"></span>i (per esempio il reporting e la gest<span class=\"_ _0\"></span>ione dei processi di escalat<span class=\"_ _0\"></span>ion);</span><span class=\"ff1\"> </span></span>-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls31 wsa1\">un coere<span class=\"_ _0\"></span>nte appro<span class=\"_ _0\"></span>ccio met<span class=\"_ _0\"></span>odolo<span class=\"_ _0\"></span>gico e strument<span class=\"_ _0\"></span>i/si<span class=\"_ _0\"></span>stemi per la<span class=\"_ _0\"></span> gestione d<span class=\"_ _0\"></span>ei risch<span class=\"_ _0\"></span>i di </span></span>impre<span class=\"_ _0\"></span>sa;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls30 wsba\">flussi<span class=\"_ _1\"></span> e mod<span class=\"_ _1\"></span>alit\u00e0<span class=\"_ _1c\"></span> di coo<span class=\"_ _1\"></span>rdina<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span>, scamb<span class=\"_ _1\"></span>io i<span class=\"_ _1c\"></span>nformati<span class=\"_ _1\"></span>vo e i<span class=\"_ _1\"></span>nteg<span class=\"_ _1\"></span>razi<span class=\"_ _1\"></span>one n<span class=\"_ _1\"></span>ella s<span class=\"_ _1c\"></span>truttura<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> </span></span>gover<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce.<span class=\"ls1 ws1\"> </span>Pi\u00f9 in partico<span class=\"_ _0\"></span>lare il Framework ERM prevede: <span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws139\">l\u2019identific<span class=\"_ _0\"></span>azione dei risch<span class=\"_ _0\"></span>i rilevanti da valutare<span class=\"_ _0\"></span> (c.d \u201cRisk Assessme<span class=\"_ _0\"></span>nt\u201d o \u201cRisk </span></span>Identific<span class=\"_ _0\"></span>ation\u201d) ovvero quelli che possono avere impatti significativi sull\u2019equilibr<span class=\"_ _0\"></span>io econ<span class=\"_ _1\"></span>omico<span class=\"_ _1\"></span><span class=\"ls1 ws1\">-<span class=\"ls0 ws62\">finanziario e patrimoniale del Gruppo Anima, ostacolan<span class=\"_ _0\"></span>do o limitando il </span></span>pieno<span class=\"ls1 ws1\"> <span class=\"ls0 ws77\">raggiungimento dei propr<span class=\"_ _0\"></span>i obiettivi strategici ed oper<span class=\"_ _0\"></span>ativi, cui il Gruppo Anima \u00e8 o </span></span>potreb<span class=\"_ _1\"></span>be es<span class=\"_ _1c\"></span>sere esp<span class=\"_ _1c\"></span>osto, in <span class=\"_ _1c\"></span>ottica a<span class=\"_ _1\"></span>ttual<span class=\"_ _1\"></span>e e pr<span class=\"_ _1\"></span>ospet<span class=\"_ _1\"></span>tica, <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>di s<span class=\"_ _1\"></span>pecifi<span class=\"_ _1\"></span>ci cri<span class=\"_ _1\"></span>teri d<span class=\"_ _1\"></span>i rilevanza; <span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws274\">l\u2019identific<span class=\"_ _0\"></span>azione e l\u2019implementazione del \u201cRisk Appetite Framework\u201d (\u201cR<span class=\"_ _0\"></span>AF\u201d), che </span></span>rapp<span class=\"_ _1\"></span>resen<span class=\"_ _1\"></span>ta l\u2019i<span class=\"_ _1c\"></span>nsieme d<span class=\"_ _1c\"></span>i metodol<span class=\"_ _1c\"></span>ogie, p<span class=\"_ _1\"></span>roces<span class=\"_ _1\"></span>si, p<span class=\"_ _1\"></span>olicy<span class=\"_ _1\"></span>, co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span> siste<span class=\"_ _1\"></span>mi a<span class=\"_ _1\"></span>ttrav<span class=\"_ _1\"></span>erso c<span class=\"_ _1c\"></span>ui il Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>espri<span class=\"_ _1\"></span>me la p<span class=\"_ _1c\"></span>ropria p<span class=\"_ _1\"></span>rope<span class=\"_ _1\"></span>nsion<span class=\"_ _1\"></span>e al ri<span class=\"_ _1\"></span>schio (<span class=\"_ _1c\"></span>nonch\u00e9 <span class=\"_ _1\"></span>ulte<span class=\"_ _1\"></span>rior<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> decl<span class=\"ls0 ws54\">in<span class=\"_ _0\"></span>ata nelle sue componenti afferenti alle<span class=\"_ _0\"></span> societ\u00e0 controllate) e<span class=\"_ _0\"></span> definita in coeren<span class=\"_ _0\"></span>za </span>con le indicaz<span class=\"_ _0\"></span>ioni normative e in linea con le leading practic<span class=\"_ _0\"></span>e di settore;<span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws77\">l\u2019adozione di st<span class=\"_ _0\"></span>rumenti comun<span class=\"_ _0\"></span>i di monitoraggio e r<span class=\"_ _0\"></span>eporting verso gli st<span class=\"_ _0\"></span>akeholder intern<span class=\"_ _0\"></span>i </span></span>ed est<span class=\"_ _1\"></span>erni;<span class=\"_ _1\"></span> <span class=\"ls1 ws1\"> </span>-<span class=\"ff9\"> <span class=\"_ _21\"> </span><span class=\"ff1 ls0 ws77\">lo scambio di flu<span class=\"_ _0\"></span>ssi tra le<span class=\"_ _0\"></span> funzioni di con<span class=\"_ _0\"></span>trollo e con la Dir<span class=\"_ _0\"></span>ezione Rischi di Anim<span class=\"_ _0\"></span>a Holding </span></span>sia per le<span class=\"_ _0\"></span> attivit\u00e0 ordinarie<span class=\"_ _0\"></span> sia in caso di situazion<span class=\"_ _0\"></span>i di escalation<span class=\"_ _0\"></span> e definizione piani di rient<span class=\"_ _1\"></span>ro.<span class=\"ls1 ws1\"> </span>Con riferimen<span class=\"_ _0\"></span>to ai rischi di natura st<span class=\"_ _0\"></span>rategica, la Soc<span class=\"_ _0\"></span>iet\u00e0 si \u00e8 dotata di un presidio<span class=\"_ _0\"></span> specifico all\u2019interno<span class=\"_ _0\"></span> della Direzione Rischi, tramite il servizio <span class=\"ff5 ls38 ws5f\">Strate<span class=\"_ _0\"></span>gy<span class=\"_ _0\"></span> &amp;<span class=\"_ _0\"></span> R<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k</span><span class=\"ls30 ws6d\">, che <span class=\"_ _1c\"></span>svolge a<span class=\"_ _1\"></span>nalisi<span class=\"_ _1c\"></span> mirate<span class=\"_ _1\"></span>, sia<span class=\"_ _1\"></span> </span>di ti<span class=\"_ _1\"></span>po qua<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>tativ<span class=\"_ _1\"></span>o, sia<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> tipo q<span class=\"_ _1c\"></span>uantita<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>o, in a<span class=\"_ _1c\"></span>mbito di<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po A<span class=\"_ _1c\"></span>nima.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Tenu<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>onto <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> la S<span class=\"_ _1c\"></span>ociet\u00e0 <span class=\"_ _1\"></span>svolg<span class=\"_ _1c\"></span>e in pr<span class=\"_ _1\"></span>eval<span class=\"_ _1\"></span>enza<span class=\"_ _1\"></span> attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> dig<span class=\"_ _1\"></span>estio<span class=\"_ _1\"></span>ne d<span class=\"_ _1\"></span>elle<span class=\"_ _1\"></span> part<span class=\"_ _1c\"></span>ecipazi<span class=\"_ _1\"></span>oni,<span class=\"_ _1\"></span> l\u2019esposizion<span class=\"_ _0\"></span>e ai rischi operativi della stessa risulta poco rilevante. Il pres<span class=\"_ _0\"></span>idio e il <span class=\"ls31 ws5c\">monitoragg<span class=\"_ _0\"></span>io </span>articolato<span class=\"_ _0\"></span> dei rischi operativi sono<span class=\"_ _0\"></span> invece previsti all\u2019interno de<span class=\"_ _0\"></span>lle societ\u00e0 operative del Gruppo Anima. La Societ<span class=\"_ _0\"></span>\u00e0 mantiene peraltro una visione di insieme dell\u2019e<span class=\"_ _0\"></span>sposizione ai rischi operativi dell\u2019inter<span class=\"_ _0\"></span>o Gruppo Anima mediante un sistema di<span class=\"ls1 ws1\"> <span class=\"_ _d\"></span><span class=\"ls0 ws82\">r<span class=\"_ _0\"></span>eporting alimentato dalle soc<span class=\"_ _0\"></span>iet\u00e0 controllate. </span></span>La Societ\u00e0, e le sue controllate ove r<span class=\"_ _0\"></span>ilevante, si sono inoltre dotate di policy e presidi specifici per <span class=\"_ _1\"></span>moni<span class=\"_ _1\"></span>torar<span class=\"_ _1\"></span>e i ri<span class=\"_ _1\"></span>schi<span class=\"_ _1c\"></span> finanzia<span class=\"_ _1c\"></span>ri che s<span class=\"_ _1\"></span>i po<span class=\"_ _1\"></span>ssono <span class=\"_ _1\"></span>orig<span class=\"_ _1\"></span>inar<span class=\"_ _1\"></span>e in p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>enza d<span class=\"_ _1\"></span>i una<span class=\"_ _1\"></span> ecced<span class=\"_ _1c\"></span>enza di<span class=\"_ _1c\"></span> liquidit\u00e0 azien<span class=\"_ _0\"></span>dale disponibile per finalit<span class=\"_ _0\"></span>\u00e0 di investimento.<span class=\"ls1 ws1\"> </span>Con spec<span class=\"_ _0\"></span>ifico riferimento ai ris<span class=\"_ _0\"></span>chi di sostenibilit\u00e0 la S<span class=\"_ _0\"></span>ociet\u00e0 ha progres<span class=\"_ _0\"></span>sivamente integrato<span class=\"_ _0\"></span> tali aspetti, tras<span class=\"_ _0\"></span>versalmente presenti nelle att<span class=\"_ _0\"></span>ivit\u00e0 aziendali proprie e delle contro<span class=\"_ _0\"></span>llate, nelle policy e nell<span class=\"_ _1\"></span>e proced<span class=\"_ _1c\"></span>ure in es<span class=\"_ _1\"></span>sere.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Il Consiglio<span class=\"_ _0\"></span> di Amministrazione<span class=\"_ _0\"></span> della Societ\u00e0, con il suppor<span class=\"_ _0\"></span>to del Comitato Cont<span class=\"_ _0\"></span>rolli e Rischi e Sostenibilit\u00e0,<span class=\"_ _0\"></span> accerta la natura ed il livello di rischio compatibile<span class=\"_ _0\"></span> con gli obiettivi aziendali, tenuto<span class=\"_ _4ac\"> </span>conto di par<span class=\"_ _0\"></span>ametri collegati al risultato di gest<span class=\"_ _0\"></span>ione, al patrimonio netto<span class=\"_ _0\"></span> e alla posizione finanziaria net<span class=\"_ _0\"></span>ta della Societ\u00e0.<span class=\"ls1 ws1\"> </span>Per q<span class=\"_ _1c\"></span>uanto c<span class=\"_ _1\"></span>once<span class=\"_ _1\"></span>rne l<span class=\"_ _1\"></span>\u2019info<span class=\"_ _1\"></span>rmativ<span class=\"_ _1\"></span>a fi<span class=\"_ _1c\"></span>nanziari<span class=\"_ _1\"></span>a l<span class=\"_ _1\"></span>o SCIG<span class=\"_ _1c\"></span>R si sos<span class=\"_ _1\"></span>tanzia<span class=\"_ _1\"></span> in <span class=\"_ _1\"></span>una se<span class=\"_ _1\"></span>rie di<span class=\"_ _1\"></span> pro<span class=\"_ _1c\"></span>cedure<span class=\"_ _1\"></span> ammi<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>trativ<span class=\"_ _1\"></span>e e c<span class=\"_ _1c\"></span>ontabi<span class=\"_ _1\"></span>li, a<span class=\"_ _1\"></span>ssis<span class=\"_ _1\"></span>tite d<span class=\"_ _1\"></span>a app<span class=\"_ _1c\"></span>osite<span class=\"_ _1\"></span> app<span class=\"_ _1\"></span>licaz<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> info<span class=\"_ _1c\"></span>rmatic<span class=\"_ _1\"></span>he, e d<span class=\"_ _1\"></span>i st<span class=\"_ _1c\"></span>rumenti<span class=\"_ _1c\"></span> di valutaz<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span> dell\u2019a<span class=\"_ _1\"></span>degua<span class=\"_ _1c\"></span>tezza e d<span class=\"_ _1c\"></span>ell\u2019effet<span class=\"_ _1\"></span>tivo f<span class=\"_ _1c\"></span>unziona<span class=\"_ _1\"></span>mento d<span class=\"_ _1\"></span>elle s<span class=\"_ _1\"></span><span class=\"ls0 ws74\">tesse (modello di \u201cfinancial </span>risk<span class=\"_ _0\"></span> reporti<span class=\"_ _0\"></span>ng\u201d).<span class=\"ls1 ws1\"> </span>L\u2019im<span class=\"_ _0\"></span>plement<span class=\"_ _0\"></span>azione e<span class=\"_ _0\"></span> la manuten<span class=\"_ _0\"></span>zione de<span class=\"_ _0\"></span>l modello s<span class=\"_ _0\"></span>i svolge se<span class=\"_ _0\"></span>condo un proc<span class=\"_ _0\"></span>esso art<span class=\"_ _0\"></span>icolat<span class=\"_ _0\"></span>o nelle seguent<span class=\"_ _0\"></span>i principali fasi:<span class=\"ls1 ws1\"> </span>a)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _b9\"> </span></span><span class=\"ls0 ws0\">identificazion<span class=\"_ _0\"></span>e e valutazione dei rischi applica<span class=\"_ _0\"></span>bili all\u2019inform<span class=\"_ _0\"></span>ativa finanziaria;<span class=\"ls1 ws1\"> </span></span>b)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _87\"> </span></span><span class=\"ls0\">identificazione dei contro<span class=\"_ _0\"></span>lli a fronte dei rischi individu<span class=\"_ _0\"></span>ati a livello di processo r<span class=\"_ _0\"></span>ilevante;<span class=\"ls1 ws1\"> </span></span>c)<span class=\"ff9 ls1 ws1\"> <span class=\"_ _c1\"> </span></span><span class=\"ls1c ws9d\">valuta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne dell\u2019ad<span class=\"_ _1c\"></span>eguatezza <span class=\"_ _1\"></span>e dell\u2019ef<span class=\"_ _1\"></span>fetti<span class=\"_ _1\"></span>va app<span class=\"_ _1\"></span>licazi<span class=\"_ _1\"></span>one dell<span class=\"_ _1\"></span>e proc<span class=\"_ _1\"></span>edure a<span class=\"_ _1\"></span>mminis<span class=\"_ _1\"></span>trativ<span class=\"_ _1c\"></span>e </span>e contabili e<span class=\"_ _0\"></span> dei relativi controlli.<span class=\"ls1 ws1\"> </span>3.1 Rischi finanziari<span class=\"ls1 ws1\"> </span>L'informat<span class=\"_ _0\"></span>iva \u00e8 prevista dall'art.<span class=\"_ _0\"></span> 2428 C.C. e dai principi contabili I<span class=\"_ _0\"></span>AS 32 e IFRS 7.<span class=\"ls1 ws1\"> </span>I rischi f<span class=\"_ _0\"></span>inanziari comprendono:<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws76\">il risch<span class=\"_ _0\"></span>io di liquidit\u00e0, con<span class=\"_ _0\"></span>nesso alla diffico<span class=\"_ _0\"></span>lt\u00e0 di smobilizzar<span class=\"_ _0\"></span>e un\u2019attivit\u00e0 in<span class=\"_ _0\"></span> tempi rapidi e </span></span>ad u<span class=\"_ _1\"></span>n prez<span class=\"_ _1\"></span>zo d<span class=\"_ _1\"></span>i me<span class=\"_ _1\"></span>rcat<span class=\"_ _1\"></span>o, ovv<span class=\"_ _1\"></span>ero d<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>eder<span class=\"_ _1\"></span>e temp<span class=\"_ _1c\"></span>estivam<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>lle <span class=\"_ _1c\"></span>risorse f<span class=\"_ _1\"></span>inanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e necessar<span class=\"_ _0\"></span>ie all\u2019azienda a costi sosten<span class=\"_ _0\"></span>ibili;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wse0\">il rischio di credito, cio\u00e8 il rischio di incorrere in perdite a causa dell\u2019inadempienza o </span></span>dell\u2019insolv<span class=\"_ _0\"></span>enza della controparte;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wsfe\">il risch<span class=\"_ _0\"></span>io di mercato, legato ad osc<span class=\"_ _0\"></span>illazioni del valore di att<span class=\"_ _0\"></span>ivit\u00e0/passivit\u00e0<span class=\"_ _0\"></span> a seguito di </span></span>variazioni de<span class=\"_ _0\"></span>lle condizioni di mercato<span class=\"_ _0\"></span> (prezzo, tasso, cambio, commo<span class=\"_ _0\"></span>dity).<span class=\"ls1 ws1\"> </span>Il Gr<span class=\"_ _1\"></span>uppo A<span class=\"_ _1c\"></span>nima \u00e8 <span class=\"_ _1\"></span>espo<span class=\"_ _1\"></span>sto a t<span class=\"_ _1\"></span>utti i<span class=\"_ _1\"></span> tre <span class=\"_ _1c\"></span>rischi so<span class=\"_ _1c\"></span>pra me<span class=\"_ _1\"></span>nziona<span class=\"_ _1\"></span>ti.<span class=\"ls1 ws1\"> <span class=\"ls30 ws84\">In pa<span class=\"_ _1\"></span>rticola<span class=\"_ _1\"></span>re, ta<span class=\"_ _1\"></span>le esp<span class=\"_ _1c\"></span>osizion<span class=\"_ _1c\"></span>e </span></span>\u00e8 essenzialmente<span class=\"_ _0\"></span> riconducibile alla ge<span class=\"_ _0\"></span>stione della liquidit\u00e0 delle<span class=\"_ _0\"></span> societ\u00e0 del Gruppo Anima, sia in relazione<span class=\"_ _0\"></span> al rimborso dell\u2019in<span class=\"_ _0\"></span>debitamento sottoscritto dalla<span class=\"_ _0\"></span> Societ<span class=\"_ _0\"></span>\u00e0 (prestito obbligazionario<span class=\"_ _0\"></span>), sia in relazione alle eccedenze di risorse finanzia<span class=\"_ _0\"></span>rie rispetto ai fabbisogni attesi di liquidit\u00e0 genera<span class=\"_ _1c\"></span>ti dall<span class=\"_ _1\"></span>\u2019opera<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1c\"></span> ordinari<span class=\"_ _1\"></span>a, ov<span class=\"_ _1\"></span>vero<span class=\"_ _1\"></span> il por<span class=\"_ _1\"></span>tafogl<span class=\"_ _1\"></span>io di p<span class=\"_ _1c\"></span>roprie<span class=\"_ _1\"></span>t\u00e0 del<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po Ani<span class=\"_ _1\"></span>ma. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Gestione liquidit<span class=\"_ _0\"></span>\u00e0 aziendale: indebit<span class=\"_ _0\"></span>amento<span class=\"ls1 ws1\"> </span>Al 31 dicembre 2025 il Gruppo<span class=\"_ _0\"></span> Anima presenta la seguente struttura<span class=\"_ _0\"></span> debitoria:<span class=\"ls1 ws1\"> </span><table class=\"s wb07 h4af\" id=\"_0416e710-d11c-408e-9ce1-c993907ff7b3\"><tr><td></td><td></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x84 h279 y246a ff2 fs74 fc0 sc0 ls375 ws67a\">Es<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td></tr><tr><td class=\"c xc95 y3845 wb08 h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws678\">T<span class=\"_ _0\"></span>ipologia<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc96 y3845 wb09 h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws679\">Valore Nominale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x84 h279 y246b ff2 fs74 fc0 sc0 ls374 ws679\">de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>itoria al </div></td></tr><tr><td></td><td></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x13f h279 y246c ff2 fs74 fc0 sc0 ls376 ws67b\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bf wb0a h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls377 ws67c\">Prestito O<span class=\"_ _0\"></span>bbligaz<span class=\"_ _1\"></span>ionario 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>6<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc97 y35bf wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc98 y35bf wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">284.497<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353b wb0a h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls377 ws67c\">Prestito O<span class=\"_ _0\"></span>bbligaz<span class=\"_ _1\"></span>ionario 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>8<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc97 y353b wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc98 y353b wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">301.793<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wb0c h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws679\">T<span class=\"_ _0\"></span>otale ind<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc99 y345e wb0d h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls376 ws67b\">583.<span class=\"_ _0\"></span>978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9a y345e wb0e h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls376 ws67b\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td></tr></table>Il profilo di sc<span class=\"_ _0\"></span>adenza della struttura nomin<span class=\"_ _0\"></span>ale debitoria risulta essere:<span class=\"ls1 ws1\"> </span><table class=\"s wb0f h4b0\" id=\"_c0ef4294-dab4-4009-8c32-efd404282fcb\"><tr><td></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x4b h27c y2472 ff2 fs75 fc0 sc0 ls37a ws680\">Pres<span class=\"_ _1\"></span>tito<span class=\"_ _1c\"></span> </div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a x93 h27c y2472 ff2 fs75 fc0 sc0 ls37a ws680\">Pres<span class=\"_ _1\"></span>tito<span class=\"_ _1c\"></span> </div></td><td></td></tr><tr><td class=\"c x624 y3846 w1bd h27b\"><div class=\"t m6a xfc h27c y2471 ff2 fs75 fc0 sc0 ls379 ws67f\">Scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x16 h27c y2473 ff2 fs75 fc0 sc0 ls37b ws681\">Ob<span class=\"_ _0\"></span>bligaz<span class=\"_ _0\"></span>ionario<span class=\"_ _1\"></span> </div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a x60 h27c y2473 ff2 fs75 fc0 sc0 ls37b ws681\">Ob<span class=\"_ _0\"></span>bligaz<span class=\"_ _0\"></span>ionario<span class=\"_ _1\"></span> </div></td><td class=\"c x624 y3846 w1bd h27b\"><div class=\"t m6a x193 h27c y2471 ff2 fs75 fc0 sc0 ls37d ws683\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x67 h27c y2474 ff2 fs75 fc0 sc0 ls37c ws682\">2026<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a xa1 h27c y2474 ff2 fs75 fc0 sc0 ls37c ws682\">2028<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3848 wb10 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls379 ws684\">inf<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ore a 1 anno<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9d y3848 wb11 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws685\">283.978<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc9e y3848 wb12 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">283.<span class=\"_ _13\"></span>978<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3731 wb13 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws687\">tr<span class=\"_ _0\"></span>a 1 e<span class=\"_ _0\"></span> 3 ann<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc9f y3731 wb11 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws685\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca0 y3731 wb14 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">300.000<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wb15 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37d ws683\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca1 y345e wb16 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca2 y345e wb12 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">300.<span class=\"_ _13\"></span>000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca3 y345e wb17 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">583.978<span class=\"_ _4ac\"> </span></div></td></tr></table>Il Pr<span class=\"_ _0\"></span>estito Obbligazio<span class=\"_ _0\"></span>nario 202<span class=\"_ _0\"></span>6 non c<span class=\"_ _0\"></span>onvertibile <span class=\"_ _0\"></span><span class=\"ff5 ls38 ws76\">s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ior u<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>cure<span class=\"_ _13\"></span>d</span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls1d ws7b\">\u00e8<span class=\"_ _0\"></span> stato<span class=\"_ _0\"></span> emes<span class=\"_ _0\"></span>so in d<span class=\"_ _0\"></span>ata 23 </span></span>ottob<span class=\"_ _1\"></span>re 201<span class=\"_ _1c\"></span>9, per un n<span class=\"_ _1c\"></span>ominal<span class=\"_ _1\"></span>e di Eur<span class=\"_ _1\"></span>o 300 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>n scad<span class=\"_ _1\"></span>enza a 7<span class=\"_ _1\"></span> anni<span class=\"_ _1\"></span>. Le ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>azioni<span class=\"_ _1\"></span> sono state e<span class=\"_ _1c\"></span>messe al<span class=\"_ _1\"></span> prezz<span class=\"_ _1\"></span>o di 9<span class=\"_ _1\"></span>9,459%<span class=\"_ _1\"></span>, con <span class=\"_ _1\"></span>un tass<span class=\"_ _1\"></span>o di inte<span class=\"_ _1\"></span>ress<span class=\"_ _1\"></span>e fisso a<span class=\"_ _1c\"></span>nnuo di rif<span class=\"_ _1\"></span>erim<span class=\"_ _1\"></span>ento p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span> 1,75% (cfr. comunicato stampa del 17 ott<span class=\"ls0 ws173\">obre 20<span class=\"_ _0\"></span>19). L\u2019emiss<span class=\"_ _0\"></span>ione obbligazion<span class=\"_ _0\"></span>aria ha </span>comp<span class=\"_ _1\"></span>ortat<span class=\"_ _1\"></span>o un i<span class=\"_ _1\"></span>ncass<span class=\"_ _1c\"></span>o netto p<span class=\"_ _1\"></span>er Ani<span class=\"_ _1c\"></span>ma Holdi<span class=\"_ _1\"></span>ng d<span class=\"_ _1\"></span>i circa E<span class=\"_ _1c\"></span>uro 298<span class=\"_ _1\"></span>,38 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni.<span class=\"ls1 ws1\"> </span>Si ricor<span class=\"_ _0\"></span>da che in data 10 giugn<span class=\"_ _0\"></span>o 2020 \u00e8 avvenuto il re<span class=\"_ _0\"></span>golamento dell\u2019offert<span class=\"_ _0\"></span>a di riacquisto par<span class=\"_ _0\"></span>ziale avente ad oggetto le obbligazion<span class=\"_ _0\"></span>i emesse dalla Societ\u00e0 per un importo nominale complessivo di Euro<span class=\"_ _0\"></span> 16,02 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>Al 31 dicembre 2025, il valore nominale residuo de<span class=\"_ _0\"></span>l Prestito Obbligazionario 2026 \u00e8 pari a Euro 283,98 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>Il Prestito Obbligazion<span class=\"_ _0\"></span>ario 2026 \u00e8 stato riservato a investitori qualificati in Italia e all\u2019estero, escludendo gli Stati Uniti d'Amer<span class=\"_ _0\"></span>ica ed al<span class=\"_ _1\"></span>tr<span class=\"_ _0\"></span>i paesi selezionati. La quotazione delle obbligazioni \u00e8 avve<span class=\"_ _1\"></span>nuta sul<span class=\"_ _1\"></span> sist<span class=\"_ _1\"></span>ema mul<span class=\"_ _1\"></span>tilatera<span class=\"_ _1\"></span>le di<span class=\"_ _1\"></span> negozi<span class=\"_ _1c\"></span>azione, co<span class=\"_ _1\"></span>m<span class=\"ls0 ws9c\">e definito ai sensi della D<span class=\"_ _0\"></span>irettiva </span>2014<span class=\"_ _1\"></span>/65/U<span class=\"_ _1\"></span>E (m<span class=\"_ _1c\"></span>ultila<span class=\"_ _1\"></span>tera<span class=\"_ _1\"></span>l tradi<span class=\"_ _1c\"></span>ng faci<span class=\"_ _1\"></span>lity<span class=\"_ _1\"></span>, o M<span class=\"_ _1\"></span>TF),<span class=\"_ _1c\"></span> denomi<span class=\"_ _1\"></span>nato<span class=\"_ _1\"></span> \u201cGl<span class=\"_ _1\"></span>obal E<span class=\"_ _1\"></span>xcha<span class=\"_ _1c\"></span>nge Mar<span class=\"_ _1\"></span>ket\u201d<span class=\"_ _1c\"></span>, gesti<span class=\"_ _1\"></span>to da Eurone<span class=\"_ _0\"></span>xt Dublin. Alle<span class=\"_ _0\"></span> obbligazioni<span class=\"_ _0\"></span> \u00e8 attualmente as<span class=\"_ _0\"></span>segnato un rat<span class=\"_ _0\"></span>ing pari a BBB da parte<span class=\"_ _0\"></span> di Fitc<span class=\"_ _1\"></span>h Rati<span class=\"_ _1\"></span>ngs Ltd<span class=\"_ _1\"></span>..<span class=\"ls1 ws1\"> </span>Nella tabella se<span class=\"_ _0\"></span>guente si riassumono le principali caratteristich<span class=\"_ _0\"></span>e dello strumento: <span class=\"_ _3c7\"></span><span class=\"ls1 ws1\"> </span><table class=\"s wb18 h4b2\" id=\"_3a9c195b-ef95-4ca0-8adc-fe0f4d5674c9\"><tr><td class=\"c xca5 y384f wb19 h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls37f ws689\">Emi<span class=\"_ _1\"></span>ttente<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca6 y384f wb1a h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls380 ws68a\">Co<span class=\"_ _1\"></span>dic<span class=\"_ _1c\"></span>e ISIN<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca7 y3850 w1c0 h27f\"><div class=\"t m56 x16 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68b\">Mercat<span class=\"_ _0\"></span>o di </div></td><td class=\"c xca8 y384f wb1b h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls383 ws68d\">Rati<span class=\"_ _0\"></span>ng<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca9 y384f wb1c h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls384 ws68e\">Valut<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaa y3850 w1c1 h27f\"><div class=\"t m56 x58 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68f\">Valore </div></td><td class=\"t m56 xcab h280 y3851 ff2 fs76 fc0 sc0 ls385 ws691\">Valore IA<span class=\"_ _0\"></span>S d<span class=\"_ _0\"></span>i </td><td class=\"c xcac y3850 w185 h27f\"><div class=\"t m56 x162 h280 y24a4 ff2 fs76 fc0 sc0 ls382 ws68c\">Ce<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcad y3850 w1c3 h27f\"><div class=\"t m56 x81 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68f\">Dat<span class=\"_ _0\"></span>a </div></td></tr><tr><td></td><td></td><td class=\"c xca7 y3850 w1c0 h27f\"><div class=\"t m56 xf7 h280 y24a6 ff2 fs76 fc0 sc0 ls382 ws68c\">q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td><td></td><td></td><td class=\"c xcaa y3850 w1c1 h27f\"><div class=\"t m56 x55 h280 y24a6 ff2 fs76 fc0 sc0 ls385 ws690\">Nominle<span class=\"_ _4ac\"> </span></div></td><td class=\"t m56 xcae h280 y3852 ff2 fs76 fc0 sc0 ls385 ws690\">bilancio<span class=\"_ _4ac\"> </span></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 x5a h280 y24a9 ff1 fs76 fc0 sc0 ls386 ws68f\">Annua<span class=\"_ _0\"></span>le  </div></td><td class=\"c xcad y3850 w1c3 h27f\"><div class=\"t m56 x60 h280 y24a6 ff2 fs76 fc0 sc0 ls386 ws692\">scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3774 wb1d h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws693\">Anima H<span class=\"_ _0\"></span>olding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb0 y3774 wb1e h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">X<span class=\"_ _0\"></span>S2069040389<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb1 y3774 wb1f h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws695\">MTF<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb2 y3774 wb20 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls389 ws696\">BBB<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb3 y3774 wb21 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls386 ws692\">Euro<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb4 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb5 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">284.497<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 xf7 h280 y24aa ff1 fs76 fc0 sc0 ls38a ws698\">ta<span class=\"_ _1c\"></span>sso fi<span class=\"_ _1\"></span>sso </div></td><td class=\"c xcac y3854 w185 h282\"><div class=\"t m56 xb0 h280 y24ad ff1 fs76 fc0 sc0 ls388 ws694\">23/10/2026<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 x5 h280 y24ab ff1 fs76 fc0 sc0 ls388 ws694\">1,75%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>Il Pr<span class=\"_ _0\"></span>estito Obbligazio<span class=\"_ _0\"></span>nario 202<span class=\"_ _0\"></span>8 non c<span class=\"_ _0\"></span>onvertibile <span class=\"_ _0\"></span><span class=\"ff5 ls41 ws25\">seni<span class=\"_ _1\"></span>or<span class=\"_ _1c\"></span> un<span class=\"ff1 ls1c ws102\">secured <span class=\"_ _1\"></span>\u00e8 stat<span class=\"_ _1\"></span>o emess<span class=\"_ _1\"></span>o in da<span class=\"_ _1\"></span>ta 22 </span></span>aprile 2021,<span class=\"_ _0\"></span> per un nominale di Euro<span class=\"_ _0\"></span> 300 milioni con scadenza a 7<span class=\"_ _0\"></span> anni. Le obbligazioni sono state <span class=\"_ _1\"></span>emesse a<span class=\"_ _1\"></span>l prez<span class=\"_ _1\"></span>zo d<span class=\"_ _1\"></span>i 99,40<span class=\"_ _1\"></span>8, con u<span class=\"_ _1\"></span>n tass<span class=\"_ _1\"></span>o di int<span class=\"_ _1\"></span>eresse f<span class=\"_ _1\"></span>isso a<span class=\"_ _1c\"></span>nnuo di ri<span class=\"_ _1\"></span>ferim<span class=\"_ _1\"></span>ento p<span class=\"_ _1\"></span>ari a 1,5% (c<span class=\"_ _0\"></span>fr. comun<span class=\"_ _0\"></span>icato stam<span class=\"_ _0\"></span>pa del co<span class=\"ls0 ws5f\">llo<span class=\"_ _0\"></span>camento obbligazion<span class=\"_ _0\"></span>ario del 15 aprile<span class=\"_ _0\"></span> 2021). L\u2019emis<span class=\"_ _0\"></span>sione </span>obbl<span class=\"_ _1\"></span>igaz<span class=\"_ _1\"></span>ionari<span class=\"_ _1\"></span>a ha c<span class=\"_ _1c\"></span>omporta<span class=\"_ _1\"></span>to un<span class=\"_ _1\"></span> inca<span class=\"_ _1\"></span>sso n<span class=\"_ _1\"></span>etto p<span class=\"_ _1\"></span>er A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>Holdin<span class=\"_ _1\"></span>g di<span class=\"_ _1\"></span> circa E<span class=\"_ _1c\"></span>uro 298<span class=\"_ _1\"></span>,224 milioni.<span class=\"ls1 ws1\"> </span>Al 31 dicembre 2025, il valore nominale residuo de<span class=\"_ _0\"></span>l Prestito Obbligazionario 2028 \u00e8 pari a Euro 300 milio<span class=\"_ _0\"></span>ni.<span class=\"ls1 ws1\"> </span>Il Prest<span class=\"_ _0\"></span>ito Obbligazionario 2028<span class=\"_ _0\"></span> \u00e8 stato riservato a invest<span class=\"_ _0\"></span>itori qualificati in<span class=\"_ _0\"></span> Italia e all\u2019estero<span class=\"_ _0\"></span> (escludendo<span class=\"_ _0\"></span> gli Stati Uniti d'Americ<span class=\"_ _0\"></span>a ed altri paesi selez<span class=\"_ _0\"></span>ionati). La quotazione delle o<span class=\"_ _0\"></span>bbligazioni \u00e8 avve<span class=\"_ _1\"></span>nuta sul<span class=\"_ _1\"></span> sist<span class=\"_ _1\"></span>ema mul<span class=\"_ _1\"></span>tilatera<span class=\"_ _1\"></span>le di<span class=\"_ _1\"></span> negozi<span class=\"_ _1c\"></span>azione, co<span class=\"_ _1\"></span>me defi<span class=\"_ _1c\"></span>nito <span class=\"ls0 ws9c\">ai sensi della Dirett<span class=\"_ _0\"></span>iva </span>2014<span class=\"_ _1\"></span>/65/U<span class=\"_ _1\"></span>E (m<span class=\"_ _1c\"></span>ultila<span class=\"_ _1\"></span>tera<span class=\"_ _1\"></span>l tradi<span class=\"_ _1c\"></span>ng faci<span class=\"_ _1\"></span>lity<span class=\"_ _1\"></span>, o M<span class=\"_ _1\"></span>TF),<span class=\"_ _1c\"></span> denomi<span class=\"_ _1\"></span>nato<span class=\"_ _1\"></span> \u201cGl<span class=\"_ _1\"></span>obal E<span class=\"_ _1\"></span>xcha<span class=\"_ _1c\"></span>nge Mar<span class=\"_ _1\"></span>ket\u201d<span class=\"_ _1c\"></span>, gesti<span class=\"_ _1\"></span>to da E<span class=\"_ _1\"></span>uronex<span class=\"_ _1c\"></span>t Dubli<span class=\"_ _1\"></span>n. All<span class=\"_ _1c\"></span>e obblig<span class=\"_ _1c\"></span>azioni<span class=\"_ _1\"></span> \u00e8 sta<span class=\"_ _1\"></span>to ass<span class=\"_ _1\"></span>egna<span class=\"_ _1\"></span>to un <span class=\"_ _1\"></span>rati<span class=\"_ _1\"></span>ng pari<span class=\"_ _1c\"></span> a BBB da<span class=\"_ _1\"></span> par<span class=\"_ _1\"></span>te di <span class=\"_ _1\"></span>Fitch<span class=\"_ _1c\"></span> Rati<span class=\"_ _1\"></span>ngs L<span class=\"_ _1\"></span>td..<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Nella tabe<span class=\"_ _0\"></span>lla seguente si riassumono le prin<span class=\"_ _0\"></span>cipali caratteristich<span class=\"_ _0\"></span>e dello strumento:<table class=\"s wb18 h4b1\" id=\"_f95d0851-e5a0-47dd-906d-09b91a81bd61\"><tr><td class=\"c xca5 y3849 wb19 h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls37f ws689\">Emi<span class=\"_ _1\"></span>ttente<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca6 y3849 wb1a h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls380 ws68a\">Co<span class=\"_ _1\"></span>dic<span class=\"_ _1c\"></span>e ISIN<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca7 y384a w1c0 h27f\"><div class=\"t m56 x16 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68b\">Mercat<span class=\"_ _0\"></span>o di </div></td><td class=\"c xca8 y3849 wb1b h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls383 ws68d\">Rati<span class=\"_ _0\"></span>ng<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca9 y3849 wb1c h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls384 ws68e\">Valut<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaa y384a w1c1 h27f\"><div class=\"t m56 x58 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68f\">Valore </div></td><td class=\"t m56 xcab h280 y384b ff2 fs76 fc0 sc0 ls385 ws691\">Valore IA<span class=\"_ _0\"></span>S d<span class=\"_ _0\"></span>i </td><td class=\"c xcac y384a w185 h27f\"><div class=\"t m56 x162 h280 y24af ff2 fs76 fc0 sc0 ls382 ws68c\">Ce<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcad y384a w1c3 h27f\"><div class=\"t m56 x81 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68f\">Dat<span class=\"_ _0\"></span>a </div></td></tr><tr><td></td><td></td><td class=\"c xca7 y384a w1c0 h27f\"><div class=\"t m56 xf7 h280 y24b1 ff2 fs76 fc0 sc0 ls382 ws68c\">q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td><td></td><td></td><td class=\"c xcaa y384a w1c1 h27f\"><div class=\"t m56 x55 h280 y24b1 ff2 fs76 fc0 sc0 ls385 ws690\">Nominle<span class=\"_ _4ac\"> </span></div></td><td class=\"t m56 xcae h280 y384c ff2 fs76 fc0 sc0 ls385 ws690\">bilancio<span class=\"_ _4ac\"> </span></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 x5a h280 y24b4 ff1 fs76 fc0 sc0 ls386 ws68f\">Annua<span class=\"_ _0\"></span>le  </div></td><td class=\"c xcad y384a w1c3 h27f\"><div class=\"t m56 x60 h280 y24b1 ff2 fs76 fc0 sc0 ls386 ws692\">scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3774 wb1d h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws693\">Anima H<span class=\"_ _0\"></span>olding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb0 y3774 wb1e h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">X<span class=\"_ _0\"></span>S2331921390<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb1 y3774 wb1f h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws695\">MTF<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb2 y3774 wb20 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls389 ws696\">BBB<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb3 y3774 wb21 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls386 ws692\">Euro<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb4 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb5 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">301.793<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 xf7 h280 y24b5 ff1 fs76 fc0 sc0 ls38a ws698\">ta<span class=\"_ _1c\"></span>sso fi<span class=\"_ _1\"></span>sso </div></td><td class=\"c xcac y384e w185 h282\"><div class=\"t m56 xb0 h280 y24b8 ff1 fs76 fc0 sc0 ls388 ws694\">22/04/2028<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 x81 h280 y24b6 ff1 fs76 fc0 sc0 ls388 ws694\">1,5%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>In merito a ulter<span class=\"_ _0\"></span>iori clausole correlate<span class=\"_ _0\"></span> all\u2019indebitamento del Gruppo, si rinvia<span class=\"_ _0\"></span> alla \u201cRelazione sul gove<span class=\"_ _1\"></span>rno soc<span class=\"_ _1\"></span>ieta<span class=\"_ _1\"></span>rio e g<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>asset<span class=\"_ _1\"></span>ti pr<span class=\"_ _1\"></span>oprieta<span class=\"_ _1c\"></span>ri\u201d <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span><span class=\"ls0 ws76\">disponibile<span class=\"_ _0\"></span> sul sito internet della Societ\u00e0 (sez<span class=\"_ _0\"></span>ione </span></span>C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ra<span class=\"_ _1c\"></span>te<span class=\"_ _13\"></span> <span class=\"_ _0\"></span><span class=\"ls33 wsb6\">G<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>)<span class=\"ff1 ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"lse ws92\">redatta sulla<span class=\"_ _0\"></span> base di quanto pre<span class=\"_ _0\"></span>visto dall\u2019art<span class=\"_ _0\"></span>. 123</span>-<span class=\"ls0 ws54\">bis del TUF, ai sensi </span></span></span>del q<span class=\"_ _1\"></span>uale g<span class=\"_ _1\"></span>li e<span class=\"_ _1\"></span>mitt<span class=\"_ _1\"></span>enti d<span class=\"_ _1\"></span>evon<span class=\"_ _1\"></span>o annua<span class=\"_ _1\"></span>lm<span class=\"_ _1\"></span>ente f<span class=\"_ _1\"></span>ornire<span class=\"_ _1c\"></span> al merca<span class=\"_ _1c\"></span>to una se<span class=\"_ _1c\"></span>rie di i<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>zioni<span class=\"_ _1c\"></span>, dettagliatamente individuate dalla norma in oggetto.<span class=\"ls1 ws1\"> </span>Gestione <span class=\"_ _0\"></span>liquidit\u00e0 <span class=\"_ _0\"></span>aziendale: ec<span class=\"_ _0\"></span>cedenza risor<span class=\"_ _0\"></span>se finanziarie<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>In materia di ges<span class=\"_ _0\"></span>tione della liqu<span class=\"_ _0\"></span>idit\u00e0 azien<span class=\"_ _0\"></span>dale, le societ\u00e0 del Gru<span class=\"_ _0\"></span>ppo investono le ecce<span class=\"_ _0\"></span>denze di risorse finanziar<span class=\"_ _0\"></span>ie in (i) OICR, prevalentemente in OICVM e in FIA chiusi riservati istituiti e/o gesti<span class=\"_ _1c\"></span>ti da soci<span class=\"_ _1c\"></span>et\u00e0 pri<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>alme<span class=\"_ _1\"></span>nte ap<span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>tenen<span class=\"_ _1\"></span>ti al G<span class=\"_ _1\"></span>ruppo A<span class=\"_ _1c\"></span>ni<span class=\"ls0 ws7e\">ma, (ii) in e<span class=\"_ _0\"></span>missioni governat<span class=\"_ _0\"></span>ive a </span>breve termine in<span class=\"_ _0\"></span> Euro e (iii) in depositi bancari e po<span class=\"_ _0\"></span>stali a vista (\u201c<span class=\"ff5 ls40 wsae\">ti<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>i<span class=\"_ _1c\"></span>t\u201d)<span class=\"_ _1\"></span><span class=\"ff1 ls1 ws1\">. </span></span>I rischi finanziari del port<span class=\"_ _0\"></span>afoglio di propriet\u00e0 sono gestiti attraver<span class=\"_ _0\"></span>so la d<span class=\"_ _1\"></span>efin<span class=\"_ _0\"></span>izione di limitazioni operative finalizz<span class=\"_ _0\"></span>ate alla mitigazione del rischio che tale portafoglio pu\u00f2 assumere. Tali limitazion<span class=\"_ _0\"></span>i sono espresse (i) in te<span class=\"_ _0\"></span>rmini di tipo<span class=\"_ _0\"></span>logie di investimenti am<span class=\"_ _0\"></span>messi, (ii) in t<span class=\"_ _0\"></span>ermini di ammontare e (iii) in termin<span class=\"_ _0\"></span>i di limite massimo di rischio (identificato<span class=\"_ _0\"></span> come volatilit\u00e0) che pu\u00f2 esser<span class=\"_ _1\"></span>e assu<span class=\"_ _1\"></span>nto.<span class=\"ls1 ws1\"> </span>I Consigli di Am<span class=\"_ _0\"></span>ministrazione de<span class=\"_ _0\"></span>lle societ\u00e0 del Gruppo An<span class=\"_ _0\"></span>ima deliberano annualmente<span class=\"_ _0\"></span> in merito alle car<span class=\"_ _0\"></span>atteristiche ed ai limit<span class=\"_ _0\"></span>i operativi riguardant<span class=\"_ _0\"></span>i gli investimenti in<span class=\"_ _0\"></span> strumenti finanziari e<span class=\"_ _0\"></span>d in depositi ban<span class=\"_ _0\"></span>cari e/o postali.<span class=\"_ _0\"></span> L\u2019attivit\u00e0 di co<span class=\"_ _0\"></span>ntrollo \u00e8 svo<span class=\"_ _0\"></span>lta dalle funzioni di Risk Man<span class=\"_ _0\"></span>agement preposte<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span>L\u2019inv<span class=\"_ _1c\"></span>estime<span class=\"_ _1\"></span>nto i<span class=\"_ _1\"></span>n OIC<span class=\"_ _1\"></span>VM \u00e8 <span class=\"_ _1c\"></span>rappres<span class=\"_ _1c\"></span>entato<span class=\"_ _1\"></span> da <span class=\"_ _1\"></span>prodo<span class=\"_ _1\"></span>tti i<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uiti <span class=\"_ _1\"></span>e/o g<span class=\"_ _1\"></span>esti<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>al Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _1\"></span> Ani<span class=\"_ _1\"></span>ma, selezionat<span class=\"_ _0\"></span>i secondo gli obiettivi di rendimento ed i lim<span class=\"_ _0\"></span>iti di rischio stabiliti dai rispett<span class=\"_ _0\"></span>ivi Consigli di Amministra<span class=\"_ _0\"></span>zione di ciascuna societ\u00e0. Tale tipolo<span class=\"_ _0\"></span>gia di i<span class=\"ls35 ws114\">nvestime<span class=\"_ _0\"></span>nto \u00e8 caratt<span class=\"_ _0\"></span>erizzat<span class=\"_ _0\"></span>a da un </span>elevato<span class=\"_ _0\"></span> livello di liquidit\u00e0 e<span class=\"_ _0\"></span> dal ridotto<span class=\"_ _0\"></span> rischio diretto di cr<span class=\"_ _0\"></span>edito, in qu<span class=\"_ _0\"></span>anto gli OICVM detenut<span class=\"_ _0\"></span>i hann<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>ropri<span class=\"_ _1c\"></span>o patri<span class=\"_ _1\"></span>monio s<span class=\"_ _1c\"></span>eparato<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>I rischi finanziari derivanti da questa tipologia di invest<span class=\"_ _0\"></span>imento sono riconducibili essenzialment<span class=\"_ _0\"></span>e al rischio di mercato degli investimenti e<span class=\"_ _0\"></span>ffettuati, che risulta comunque compatibile con il profilo prudente che caratteriz<span class=\"_ _0\"></span>za la strategia di investimento della liquidit<span class=\"_ _0\"></span>\u00e0 azien<span class=\"_ _0\"></span>dale del Gruppo Anim<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span>I rischi de<span class=\"_ _0\"></span>rivanti dall\u2019in<span class=\"_ _0\"></span>vestimento in OICV<span class=\"_ _0\"></span>M sono monitorati me<span class=\"_ _0\"></span>diante la verific<span class=\"_ _0\"></span>a del rispetto dei limiti deliberati dai rispettiv<span class=\"_ _0\"></span>i Consigli di A<span class=\"_ _1\"></span>mministr<span class=\"_ _0\"></span>azione. In particolare, i limiti di rischio stabiliti in termini di volatilit\u00e0<span class=\"_ _0\"></span> sono m<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>itorati con il <span class=\"_ _1\"></span><span class=\"ls31 ws84\">mode<span class=\"_ _0\"></span>llo di risch<span class=\"_ _0\"></span>io in uso pres<span class=\"_ _0\"></span>so la societ<span class=\"_ _0\"></span>\u00e0 </span>cont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ata A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>SGR. P<span class=\"_ _1\"></span>er q<span class=\"_ _1\"></span>uant<span class=\"_ _1\"></span>o sop<span class=\"_ _1\"></span>ra, u<span class=\"_ _1\"></span>nitame<span class=\"_ _1c\"></span>nte alla<span class=\"_ _1\"></span> nat<span class=\"_ _1\"></span>ura div<span class=\"_ _1c\"></span>ersifica<span class=\"_ _1c\"></span>ta deg<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> investimenti in OICVM, il Gru<span class=\"_ _0\"></span>ppo Anima non ritiene rappresentativa l\u2019an<span class=\"_ _0\"></span>alisi di sensitivit\u00e0 rispetto a<span class=\"_ _0\"></span>i rischi di mercato a cui <span class=\"ls32 ws58\">\u00e8 es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span></span>Gli invest<span class=\"_ _0\"></span>imenti in emissioni governative in Euro sono<span class=\"_ _0\"></span> rappresentati da titoli emes<span class=\"_ _0\"></span>si dallo Stato italiano<span class=\"_ _0\"></span> (Buoni Ordinari del Tesoro<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- </span>\u201cBOT\u201d) c<span class=\"_ _0\"></span>on duration massima di 12 mes<span class=\"_ _0\"></span>i. I rischi deriv<span class=\"_ _0\"></span>anti da tale in<span class=\"_ _0\"></span>vestimento sono monitorati mediante<span class=\"_ _0\"></span> la verifica del<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span>rispetto dei limit<span class=\"_ _0\"></span>i deliberati dal Consiglio di Amministr<span class=\"_ _0\"></span>azione. In particolare, i limit<span class=\"_ _0\"></span>i di rischio stabiliti in termini di volatilit<span class=\"_ _0\"></span>\u00e0 sono moni<span class=\"_ _1\"></span>torati a<span class=\"_ _1c\"></span>nche i<span class=\"_ _1\"></span>n quest<span class=\"_ _1\"></span>o cas<span class=\"_ _1c\"></span>o con il m<span class=\"_ _1\"></span>odell<span class=\"_ _1c\"></span>o di rischi<span class=\"_ _1c\"></span>o in uso<span class=\"_ _1\"></span> press<span class=\"_ _1c\"></span>o Anima <span class=\"_ _1\"></span>SGR.<span class=\"_ _4ac\"> </span> <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Il Gr<span class=\"_ _1\"></span>uppo A<span class=\"_ _1c\"></span>nima pu<span class=\"_ _1\"></span>\u00f2 inol<span class=\"_ _1\"></span>tre i<span class=\"_ _1\"></span>nvesti<span class=\"_ _1c\"></span>re nei <span class=\"_ _1\"></span>FIA chi<span class=\"_ _1\"></span>usi ri<span class=\"_ _1\"></span>serv<span class=\"_ _1\"></span>ati i<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuiti e/<span class=\"_ _1c\"></span>o gestiti<span class=\"_ _1\"></span> pri<span class=\"_ _1\"></span>ncipa<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte<span class=\"_ _1c\"></span> da societ<span class=\"_ _0\"></span>\u00e0 appartenent<span class=\"_ _0\"></span>i al Gruppo Anim<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\">-<span class=\"ls30 ws191\">Gr<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>ppo B<span class=\"_ _1\"></span>anco BPM<span class=\"_ _1c\"></span>. Viste le cara<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _1\"></span>risti<span class=\"_ _1\"></span>che, </span></span>specialmente<span class=\"_ _0\"></span> in termini di illiquidit<span class=\"_ _0\"></span>\u00e0, di quest<span class=\"_ _0\"></span>a tipologia di invest<span class=\"_ _0\"></span>ime<span class=\"ls31 wsa9\">nti, l\u2019<span class=\"_ _0\"></span>ammonta<span class=\"_ _0\"></span>re ad e<span class=\"_ _0\"></span>ssi </span>destinato<span class=\"_ _0\"></span> viene autorizzato specificatament<span class=\"_ _0\"></span>e dai rispettivi Consigli di Am<span class=\"_ _0\"></span>ministrazione. Dal punto di vist<span class=\"_ _0\"></span>a della liquidit\u00e0,<span class=\"_ _0\"></span> tale tipologia di in<span class=\"_ _0\"></span>vestimenti \u00e8<span class=\"_ _0\"></span> caratterizzata infatt<span class=\"_ _0\"></span>i da un orizzonte tempo<span class=\"_ _1\"></span>rale<span class=\"_ _1\"></span> di lu<span class=\"_ _1\"></span>ngo p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o, senz<span class=\"_ _1\"></span>a <span class=\"ls0 ws74\">la possibilit\u00e0 di richieder<span class=\"_ _0\"></span>e un rimborso anticipato rispetto </span>alla sc<span class=\"_ _0\"></span>adenz<span class=\"_ _0\"></span>a del fondo.<span class=\"_ _0\"></span> Nell\u2019am<span class=\"_ _0\"></span>bito del r<span class=\"_ _0\"></span>ischio di merc<span class=\"_ _0\"></span>ato, per qu<span class=\"_ _0\"></span>esti st<span class=\"_ _0\"></span>rumenti<span class=\"_ _0\"></span> rappresent<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span>un elemento mitigante l\u2019esposizione<span class=\"_ _0\"></span> minoritaria a investimenti di natura azionaria e la strategia di investimento<span class=\"_ _0\"></span> di lungo periodo, ch<span class=\"_ _0\"></span>e viene riflessa anche<span class=\"_ _0\"></span> nella valorizzazione<span class=\"_ _0\"></span> dei sottostanti. Pu\u00f2 es<span class=\"_ _0\"></span>sere rilevante<span class=\"_ _0\"></span> la pre<span class=\"_ _0\"></span>senza del ris<span class=\"_ _0\"></span>chio di c<span class=\"_ _0\"></span>redito nei <span class=\"_ _0\"></span>c<span class=\"lsf ws6e\">onf<span class=\"_ _1\"></span>ronti<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span>le soc<span class=\"_ _1\"></span>iet\u00e0<span class=\"_ _1\"></span> che v<span class=\"_ _1\"></span>engo<span class=\"_ _1\"></span>no </span>fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span> que<span class=\"_ _1\"></span>sti s<span class=\"_ _1c\"></span>trumenti<span class=\"_ _1c\"></span> di in<span class=\"_ _1\"></span>vesti<span class=\"_ _1c\"></span>mento: l<span class=\"_ _1\"></span>a mi<span class=\"_ _1c\"></span>tigazi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>vvie<span class=\"_ _1\"></span>ne p<span class=\"_ _1\"></span>rinc<span class=\"_ _1\"></span>ipal<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>e tramit<span class=\"_ _1\"></span>e tecniche di dive<span class=\"_ _0\"></span>rsificazione im<span class=\"_ _0\"></span>plementate dal ges<span class=\"_ _0\"></span>tore dei FI<span class=\"_ _0\"></span>A e un\u2019attenta f<span class=\"_ _0\"></span>ase di analisi prev<span class=\"_ _1\"></span>entiva.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Infi<span class=\"_ _1\"></span>ne,<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws99\">gli investiment<span class=\"_ _0\"></span>i in depositi bancari e postali e in eventuali time deposit (quest<span class=\"_ _0\"></span>i ultimi </span></span>sott<span class=\"_ _1\"></span>oscriv<span class=\"_ _1\"></span>ili c<span class=\"_ _1\"></span>on sca<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza n<span class=\"_ _1\"></span>on sup<span class=\"_ _1\"></span>erio<span class=\"_ _1\"></span>re a <span class=\"_ _1\"></span>12 me<span class=\"_ _1\"></span>si) s<span class=\"_ _1\"></span>ono, p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>oro na<span class=\"_ _1c\"></span>tura, ca<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>erizza<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>i da<span class=\"_ _1\"></span> un elevato livello di liqu<span class=\"_ _0\"></span>idit\u00e0 e assenza di rischio di mercato. I rischi<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>finanziari deriv<span class=\"_ _0\"></span>anti da questa tipolo<span class=\"_ _0\"></span>gia di investimento sono sostanzia<span class=\"_ _0\"></span>lmente riconducibili al risch<span class=\"_ _0\"></span>io di credito e sono regolarmente monito<span class=\"_ _0\"></span>rati nonch\u00e9 mitigati anche tramite limiti finaliz<span class=\"_ _0\"></span>zati al frazionamento del rischio.<span class=\"ls1 ws1\"> </span>Attiv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rie val<span class=\"_ _1c\"></span>utate al<span class=\"_ _1\"></span> fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue co<span class=\"_ _1\"></span>n imp<span class=\"_ _1c\"></span>atto sul<span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>reddi<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 co<span class=\"_ _1\"></span>mples<span class=\"_ _1\"></span>siva<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>Si segnala che la Societ<span class=\"_ _0\"></span>\u00e0 ha in portafoglio n\u00b0 50.290.691 azioni ordin<span class=\"_ _0\"></span>arie di BMPS, per un valore compless<span class=\"_ _0\"></span>ivo al 31 dicembre 2025 pari a Euro 459,2 milioni.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>I titoli azionar<span class=\"_ _0\"></span>i di BMPS sono stati classificati contabilme<span class=\"_ _0\"></span>nte tra le \u201cAttivit\u00e0 fin<span class=\"_ _0\"></span>anziarie valutate al fair value<span class=\"_ _0\"></span> con impatto sulla reddit<span class=\"_ _0\"></span>ivit\u00e0 complessiva\u201d,<span class=\"_ _0\"></span> voce che accoglie gli str<span class=\"_ _0\"></span>umenti finanziari valutati al fa<span class=\"_ _0\"></span>ir value con la rilevazione delle variazion<span class=\"_ _0\"></span>i dello stesso in una specifica ris<span class=\"_ _0\"></span>erva di patri<span class=\"_ _1c\"></span>monio n<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span>, in ba<span class=\"_ _1\"></span>se all<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>evisi<span class=\"_ _1c\"></span>oni cont<span class=\"_ _1\"></span>enute <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>\u2019IFR<span class=\"_ _1\"></span>S 9. Ta<span class=\"_ _1\"></span>le tra<span class=\"_ _1c\"></span>ttament<span class=\"_ _1c\"></span>o contab<span class=\"_ _1\"></span>ile <span class=\"_ _1c\"></span>\u00e8 coerente con la finalit<span class=\"_ _0\"></span>\u00e0 dell\u2019investimento, in<span class=\"_ _0\"></span> quanto tali azioni non sono detenute per finalit\u00e0 di negoziazione e non sono qualif<span class=\"_ _0\"></span>icabili di controllo esclusivo,<span class=\"_ _0\"></span> collegamento e controllo congiunto. La finalit<span class=\"_ _0\"></span>\u00e0 dell\u2019investimento \u00e8 stata de<span class=\"_ _0\"></span>finita dal Consiglio di Amministr<span class=\"_ _0\"></span>azione della Societ\u00e0. <span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-683": {
   "value": "3.1 Rischi finanziari<span class=\"ls1 ws1\"> </span>L'informat<span class=\"_ _0\"></span>iva \u00e8 prevista dall'art.<span class=\"_ _0\"></span> 2428 C.C. e dai principi contabili I<span class=\"_ _0\"></span>AS 32 e IFRS 7.<span class=\"ls1 ws1\"> </span>I rischi f<span class=\"_ _0\"></span>inanziari comprendono:<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws76\">il risch<span class=\"_ _0\"></span>io di liquidit\u00e0, con<span class=\"_ _0\"></span>nesso alla diffico<span class=\"_ _0\"></span>lt\u00e0 di smobilizzar<span class=\"_ _0\"></span>e un\u2019attivit\u00e0 in<span class=\"_ _0\"></span> tempi rapidi e </span></span>ad u<span class=\"_ _1\"></span>n prez<span class=\"_ _1\"></span>zo d<span class=\"_ _1\"></span>i me<span class=\"_ _1\"></span>rcat<span class=\"_ _1\"></span>o, ovv<span class=\"_ _1\"></span>ero d<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>eder<span class=\"_ _1\"></span>e temp<span class=\"_ _1c\"></span>estivam<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>lle <span class=\"_ _1c\"></span>risorse f<span class=\"_ _1\"></span>inanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e necessar<span class=\"_ _0\"></span>ie all\u2019azienda a costi sosten<span class=\"_ _0\"></span>ibili;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wse0\">il rischio di credito, cio\u00e8 il rischio di incorrere in perdite a causa dell\u2019inadempienza o </span></span>dell\u2019insolv<span class=\"_ _0\"></span>enza della controparte;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wsfe\">il risch<span class=\"_ _0\"></span>io di mercato, legato ad osc<span class=\"_ _0\"></span>illazioni del valore di att<span class=\"_ _0\"></span>ivit\u00e0/passivit\u00e0<span class=\"_ _0\"></span> a seguito di </span></span>variazioni de<span class=\"_ _0\"></span>lle condizioni di mercato<span class=\"_ _0\"></span> (prezzo, tasso, cambio, commo<span class=\"_ _0\"></span>dity).<span class=\"ls1 ws1\"> </span>Il Gr<span class=\"_ _1\"></span>uppo A<span class=\"_ _1c\"></span>nima \u00e8 <span class=\"_ _1\"></span>espo<span class=\"_ _1\"></span>sto a t<span class=\"_ _1\"></span>utti i<span class=\"_ _1\"></span> tre <span class=\"_ _1c\"></span>rischi so<span class=\"_ _1c\"></span>pra me<span class=\"_ _1\"></span>nziona<span class=\"_ _1\"></span>ti.<span class=\"ls1 ws1\"> <span class=\"ls30 ws84\">In pa<span class=\"_ _1\"></span>rticola<span class=\"_ _1\"></span>re, ta<span class=\"_ _1\"></span>le esp<span class=\"_ _1c\"></span>osizion<span class=\"_ _1c\"></span>e </span></span>\u00e8 essenzialmente<span class=\"_ _0\"></span> riconducibile alla ge<span class=\"_ _0\"></span>stione della liquidit\u00e0 delle<span class=\"_ _0\"></span> societ\u00e0 del Gruppo Anima, sia in relazione<span class=\"_ _0\"></span> al rimborso dell\u2019in<span class=\"_ _0\"></span>debitamento sottoscritto dalla<span class=\"_ _0\"></span> Societ<span class=\"_ _0\"></span>\u00e0 (prestito obbligazionario<span class=\"_ _0\"></span>), sia in relazione alle eccedenze di risorse finanzia<span class=\"_ _0\"></span>rie rispetto ai fabbisogni attesi di liquidit\u00e0 genera<span class=\"_ _1c\"></span>ti dall<span class=\"_ _1\"></span>\u2019opera<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1c\"></span> ordinari<span class=\"_ _1\"></span>a, ov<span class=\"_ _1\"></span>vero<span class=\"_ _1\"></span> il por<span class=\"_ _1\"></span>tafogl<span class=\"_ _1\"></span>io di p<span class=\"_ _1c\"></span>roprie<span class=\"_ _1\"></span>t\u00e0 del<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po Ani<span class=\"_ _1\"></span>ma. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Gestione liquidit<span class=\"_ _0\"></span>\u00e0 aziendale: indebit<span class=\"_ _0\"></span>amento<span class=\"ls1 ws1\"> </span>Al 31 dicembre 2025 il Gruppo<span class=\"_ _0\"></span> Anima presenta la seguente struttura<span class=\"_ _0\"></span> debitoria:<span class=\"ls1 ws1\"> </span><table class=\"s wb07 h4af\" id=\"_0416e710-d11c-408e-9ce1-c993907ff7b3\"><tr><td></td><td></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x84 h279 y246a ff2 fs74 fc0 sc0 ls375 ws67a\">Es<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td></tr><tr><td class=\"c xc95 y3845 wb08 h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws678\">T<span class=\"_ _0\"></span>ipologia<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc96 y3845 wb09 h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws679\">Valore Nominale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x84 h279 y246b ff2 fs74 fc0 sc0 ls374 ws679\">de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>itoria al </div></td></tr><tr><td></td><td></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x13f h279 y246c ff2 fs74 fc0 sc0 ls376 ws67b\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bf wb0a h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls377 ws67c\">Prestito O<span class=\"_ _0\"></span>bbligaz<span class=\"_ _1\"></span>ionario 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>6<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc97 y35bf wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc98 y35bf wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">284.497<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353b wb0a h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls377 ws67c\">Prestito O<span class=\"_ _0\"></span>bbligaz<span class=\"_ _1\"></span>ionario 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>8<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc97 y353b wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc98 y353b wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">301.793<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wb0c h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws679\">T<span class=\"_ _0\"></span>otale ind<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc99 y345e wb0d h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls376 ws67b\">583.<span class=\"_ _0\"></span>978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9a y345e wb0e h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls376 ws67b\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td></tr></table>Il profilo di sc<span class=\"_ _0\"></span>adenza della struttura nomin<span class=\"_ _0\"></span>ale debitoria risulta essere:<table class=\"s wb0f h4b0\" id=\"_c0ef4294-dab4-4009-8c32-efd404282fcb\"><tr><td></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x4b h27c y2472 ff2 fs75 fc0 sc0 ls37a ws680\">Pres<span class=\"_ _1\"></span>tito<span class=\"_ _1c\"></span> </div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a x93 h27c y2472 ff2 fs75 fc0 sc0 ls37a ws680\">Pres<span class=\"_ _1\"></span>tito<span class=\"_ _1c\"></span> </div></td><td></td></tr><tr><td class=\"c x624 y3846 w1bd h27b\"><div class=\"t m6a xfc h27c y2471 ff2 fs75 fc0 sc0 ls379 ws67f\">Scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x16 h27c y2473 ff2 fs75 fc0 sc0 ls37b ws681\">Ob<span class=\"_ _0\"></span>bligaz<span class=\"_ _0\"></span>ionario<span class=\"_ _1\"></span> </div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a x60 h27c y2473 ff2 fs75 fc0 sc0 ls37b ws681\">Ob<span class=\"_ _0\"></span>bligaz<span class=\"_ _0\"></span>ionario<span class=\"_ _1\"></span> </div></td><td class=\"c x624 y3846 w1bd h27b\"><div class=\"t m6a x193 h27c y2471 ff2 fs75 fc0 sc0 ls37d ws683\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x67 h27c y2474 ff2 fs75 fc0 sc0 ls37c ws682\">2026<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a xa1 h27c y2474 ff2 fs75 fc0 sc0 ls37c ws682\">2028<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3848 wb10 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls379 ws684\">inf<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ore a 1 anno<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9d y3848 wb11 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws685\">283.978<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc9e y3848 wb12 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">283.<span class=\"_ _13\"></span>978<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3731 wb13 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws687\">tr<span class=\"_ _0\"></span>a 1 e<span class=\"_ _0\"></span> 3 ann<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc9f y3731 wb11 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws685\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca0 y3731 wb14 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">300.000<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wb15 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37d ws683\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca1 y345e wb16 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca2 y345e wb12 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">300.<span class=\"_ _13\"></span>000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca3 y345e wb17 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">583.978<span class=\"_ _4ac\"> </span></div></td></tr></table>Il Pr<span class=\"_ _0\"></span>estito Obbligazio<span class=\"_ _0\"></span>nario 202<span class=\"_ _0\"></span>6 non c<span class=\"_ _0\"></span>onvertibile <span class=\"_ _0\"></span><span class=\"ff5 ls38 ws76\">s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ior u<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>cure<span class=\"_ _13\"></span>d</span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls1d ws7b\">\u00e8<span class=\"_ _0\"></span> stato<span class=\"_ _0\"></span> emes<span class=\"_ _0\"></span>so in d<span class=\"_ _0\"></span>ata 23 </span></span>ottob<span class=\"_ _1\"></span>re 201<span class=\"_ _1c\"></span>9, per un n<span class=\"_ _1c\"></span>ominal<span class=\"_ _1\"></span>e di Eur<span class=\"_ _1\"></span>o 300 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>n scad<span class=\"_ _1\"></span>enza a 7<span class=\"_ _1\"></span> anni<span class=\"_ _1\"></span>. Le ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>azioni<span class=\"_ _1\"></span> sono state e<span class=\"_ _1c\"></span>messe al<span class=\"_ _1\"></span> prezz<span class=\"_ _1\"></span>o di 9<span class=\"_ _1\"></span>9,459%<span class=\"_ _1\"></span>, con <span class=\"_ _1\"></span>un tass<span class=\"_ _1\"></span>o di inte<span class=\"_ _1\"></span>ress<span class=\"_ _1\"></span>e fisso a<span class=\"_ _1c\"></span>nnuo di rif<span class=\"_ _1\"></span>erim<span class=\"_ _1\"></span>ento p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span> 1,75% (cfr. comunicato stampa del 17 ott<span class=\"ls0 ws173\">obre 20<span class=\"_ _0\"></span>19). L\u2019emiss<span class=\"_ _0\"></span>ione obbligazion<span class=\"_ _0\"></span>aria ha </span>comp<span class=\"_ _1\"></span>ortat<span class=\"_ _1\"></span>o un i<span class=\"_ _1\"></span>ncass<span class=\"_ _1c\"></span>o netto p<span class=\"_ _1\"></span>er Ani<span class=\"_ _1c\"></span>ma Holdi<span class=\"_ _1\"></span>ng d<span class=\"_ _1\"></span>i circa E<span class=\"_ _1c\"></span>uro 298<span class=\"_ _1\"></span>,38 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni.<span class=\"ls1 ws1\"> </span>Si ricor<span class=\"_ _0\"></span>da che in data 10 giugn<span class=\"_ _0\"></span>o 2020 \u00e8 avvenuto il re<span class=\"_ _0\"></span>golamento dell\u2019offert<span class=\"_ _0\"></span>a di riacquisto par<span class=\"_ _0\"></span>ziale avente ad oggetto le obbligazion<span class=\"_ _0\"></span>i emesse dalla Societ\u00e0 per un importo nominale complessivo di Euro<span class=\"_ _0\"></span> 16,02 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>Al 31 dicembre 2025, il valore nominale residuo de<span class=\"_ _0\"></span>l Prestito Obbligazionario 2026 \u00e8 pari a Euro 283,98 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>Il Prestito Obbligazion<span class=\"_ _0\"></span>ario 2026 \u00e8 stato riservato a investitori qualificati in Italia e all\u2019estero, escludendo gli Stati Uniti d'Amer<span class=\"_ _0\"></span>ica ed al<span class=\"_ _1\"></span>tr<span class=\"_ _0\"></span>i paesi selezionati. La quotazione delle obbligazioni \u00e8 avve<span class=\"_ _1\"></span>nuta sul<span class=\"_ _1\"></span> sist<span class=\"_ _1\"></span>ema mul<span class=\"_ _1\"></span>tilatera<span class=\"_ _1\"></span>le di<span class=\"_ _1\"></span> negozi<span class=\"_ _1c\"></span>azione, co<span class=\"_ _1\"></span>m<span class=\"ls0 ws9c\">e definito ai sensi della D<span class=\"_ _0\"></span>irettiva </span>2014<span class=\"_ _1\"></span>/65/U<span class=\"_ _1\"></span>E (m<span class=\"_ _1c\"></span>ultila<span class=\"_ _1\"></span>tera<span class=\"_ _1\"></span>l tradi<span class=\"_ _1c\"></span>ng faci<span class=\"_ _1\"></span>lity<span class=\"_ _1\"></span>, o M<span class=\"_ _1\"></span>TF),<span class=\"_ _1c\"></span> denomi<span class=\"_ _1\"></span>nato<span class=\"_ _1\"></span> \u201cGl<span class=\"_ _1\"></span>obal E<span class=\"_ _1\"></span>xcha<span class=\"_ _1c\"></span>nge Mar<span class=\"_ _1\"></span>ket\u201d<span class=\"_ _1c\"></span>, gesti<span class=\"_ _1\"></span>to da Eurone<span class=\"_ _0\"></span>xt Dublin. Alle<span class=\"_ _0\"></span> obbligazioni<span class=\"_ _0\"></span> \u00e8 attualmente as<span class=\"_ _0\"></span>segnato un rat<span class=\"_ _0\"></span>ing pari a BBB da parte<span class=\"_ _0\"></span> di Fitc<span class=\"_ _1\"></span>h Rati<span class=\"_ _1\"></span>ngs Ltd<span class=\"_ _1\"></span>..<span class=\"ls1 ws1\"> </span>Nella tabella se<span class=\"_ _0\"></span>guente si riassumono le principali caratteristich<span class=\"_ _0\"></span>e dello strumento: <span class=\"_ _3c7\"></span><span class=\"ls1 ws1\"> </span><table class=\"s wb18 h4b2\" id=\"_3a9c195b-ef95-4ca0-8adc-fe0f4d5674c9\"><tr><td class=\"c xca5 y384f wb19 h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls37f ws689\">Emi<span class=\"_ _1\"></span>ttente<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca6 y384f wb1a h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls380 ws68a\">Co<span class=\"_ _1\"></span>dic<span class=\"_ _1c\"></span>e ISIN<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca7 y3850 w1c0 h27f\"><div class=\"t m56 x16 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68b\">Mercat<span class=\"_ _0\"></span>o di </div></td><td class=\"c xca8 y384f wb1b h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls383 ws68d\">Rati<span class=\"_ _0\"></span>ng<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca9 y384f wb1c h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls384 ws68e\">Valut<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaa y3850 w1c1 h27f\"><div class=\"t m56 x58 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68f\">Valore </div></td><td class=\"t m56 xcab h280 y3851 ff2 fs76 fc0 sc0 ls385 ws691\">Valore IA<span class=\"_ _0\"></span>S d<span class=\"_ _0\"></span>i </td><td class=\"c xcac y3850 w185 h27f\"><div class=\"t m56 x162 h280 y24a4 ff2 fs76 fc0 sc0 ls382 ws68c\">Ce<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcad y3850 w1c3 h27f\"><div class=\"t m56 x81 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68f\">Dat<span class=\"_ _0\"></span>a </div></td></tr><tr><td></td><td></td><td class=\"c xca7 y3850 w1c0 h27f\"><div class=\"t m56 xf7 h280 y24a6 ff2 fs76 fc0 sc0 ls382 ws68c\">q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td><td></td><td></td><td class=\"c xcaa y3850 w1c1 h27f\"><div class=\"t m56 x55 h280 y24a6 ff2 fs76 fc0 sc0 ls385 ws690\">Nominle<span class=\"_ _4ac\"> </span></div></td><td class=\"t m56 xcae h280 y3852 ff2 fs76 fc0 sc0 ls385 ws690\">bilancio<span class=\"_ _4ac\"> </span></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 x5a h280 y24a9 ff1 fs76 fc0 sc0 ls386 ws68f\">Annua<span class=\"_ _0\"></span>le  </div></td><td class=\"c xcad y3850 w1c3 h27f\"><div class=\"t m56 x60 h280 y24a6 ff2 fs76 fc0 sc0 ls386 ws692\">scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3774 wb1d h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws693\">Anima H<span class=\"_ _0\"></span>olding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb0 y3774 wb1e h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">X<span class=\"_ _0\"></span>S2069040389<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb1 y3774 wb1f h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws695\">MTF<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb2 y3774 wb20 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls389 ws696\">BBB<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb3 y3774 wb21 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls386 ws692\">Euro<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb4 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb5 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">284.497<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 xf7 h280 y24aa ff1 fs76 fc0 sc0 ls38a ws698\">ta<span class=\"_ _1c\"></span>sso fi<span class=\"_ _1\"></span>sso </div></td><td class=\"c xcac y3854 w185 h282\"><div class=\"t m56 xb0 h280 y24ad ff1 fs76 fc0 sc0 ls388 ws694\">23/10/2026<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 x5 h280 y24ab ff1 fs76 fc0 sc0 ls388 ws694\">1,75%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>Il Pr<span class=\"_ _0\"></span>estito Obbligazio<span class=\"_ _0\"></span>nario 202<span class=\"_ _0\"></span>8 non c<span class=\"_ _0\"></span>onvertibile <span class=\"_ _0\"></span><span class=\"ff5 ls41 ws25\">seni<span class=\"_ _1\"></span>or<span class=\"_ _1c\"></span> un<span class=\"ff1 ls1c ws102\">secured <span class=\"_ _1\"></span>\u00e8 stat<span class=\"_ _1\"></span>o emess<span class=\"_ _1\"></span>o in da<span class=\"_ _1\"></span>ta 22 </span></span>aprile 2021,<span class=\"_ _0\"></span> per un nominale di Euro<span class=\"_ _0\"></span> 300 milioni con scadenza a 7<span class=\"_ _0\"></span> anni. Le obbligazioni sono state <span class=\"_ _1\"></span>emesse a<span class=\"_ _1\"></span>l prez<span class=\"_ _1\"></span>zo d<span class=\"_ _1\"></span>i 99,40<span class=\"_ _1\"></span>8, con u<span class=\"_ _1\"></span>n tass<span class=\"_ _1\"></span>o di int<span class=\"_ _1\"></span>eresse f<span class=\"_ _1\"></span>isso a<span class=\"_ _1c\"></span>nnuo di ri<span class=\"_ _1\"></span>ferim<span class=\"_ _1\"></span>ento p<span class=\"_ _1\"></span>ari a 1,5% (c<span class=\"_ _0\"></span>fr. comun<span class=\"_ _0\"></span>icato stam<span class=\"_ _0\"></span>pa del co<span class=\"ls0 ws5f\">llo<span class=\"_ _0\"></span>camento obbligazion<span class=\"_ _0\"></span>ario del 15 aprile<span class=\"_ _0\"></span> 2021). L\u2019emis<span class=\"_ _0\"></span>sione </span>obbl<span class=\"_ _1\"></span>igaz<span class=\"_ _1\"></span>ionari<span class=\"_ _1\"></span>a ha c<span class=\"_ _1c\"></span>omporta<span class=\"_ _1\"></span>to un<span class=\"_ _1\"></span> inca<span class=\"_ _1\"></span>sso n<span class=\"_ _1\"></span>etto p<span class=\"_ _1\"></span>er A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>Holdin<span class=\"_ _1\"></span>g di<span class=\"_ _1\"></span> circa E<span class=\"_ _1c\"></span>uro 298<span class=\"_ _1\"></span>,224 milioni.<span class=\"ls1 ws1\"> </span>Al 31 dicembre 2025, il valore nominale residuo de<span class=\"_ _0\"></span>l Prestito Obbligazionario 2028 \u00e8 pari a Euro 300 milio<span class=\"_ _0\"></span>ni.<span class=\"ls1 ws1\"> </span>Il Prest<span class=\"_ _0\"></span>ito Obbligazionario 2028<span class=\"_ _0\"></span> \u00e8 stato riservato a invest<span class=\"_ _0\"></span>itori qualificati in<span class=\"_ _0\"></span> Italia e all\u2019estero<span class=\"_ _0\"></span> (escludendo<span class=\"_ _0\"></span> gli Stati Uniti d'Americ<span class=\"_ _0\"></span>a ed altri paesi selez<span class=\"_ _0\"></span>ionati). La quotazione delle o<span class=\"_ _0\"></span>bbligazioni \u00e8 avve<span class=\"_ _1\"></span>nuta sul<span class=\"_ _1\"></span> sist<span class=\"_ _1\"></span>ema mul<span class=\"_ _1\"></span>tilatera<span class=\"_ _1\"></span>le di<span class=\"_ _1\"></span> negozi<span class=\"_ _1c\"></span>azione, co<span class=\"_ _1\"></span>me defi<span class=\"_ _1c\"></span>nito <span class=\"ls0 ws9c\">ai sensi della Dirett<span class=\"_ _0\"></span>iva </span>2014<span class=\"_ _1\"></span>/65/U<span class=\"_ _1\"></span>E (m<span class=\"_ _1c\"></span>ultila<span class=\"_ _1\"></span>tera<span class=\"_ _1\"></span>l tradi<span class=\"_ _1c\"></span>ng faci<span class=\"_ _1\"></span>lity<span class=\"_ _1\"></span>, o M<span class=\"_ _1\"></span>TF),<span class=\"_ _1c\"></span> denomi<span class=\"_ _1\"></span>nato<span class=\"_ _1\"></span> \u201cGl<span class=\"_ _1\"></span>obal E<span class=\"_ _1\"></span>xcha<span class=\"_ _1c\"></span>nge Mar<span class=\"_ _1\"></span>ket\u201d<span class=\"_ _1c\"></span>, gesti<span class=\"_ _1\"></span>to da E<span class=\"_ _1\"></span>uronex<span class=\"_ _1c\"></span>t Dubli<span class=\"_ _1\"></span>n. All<span class=\"_ _1c\"></span>e obblig<span class=\"_ _1c\"></span>azioni<span class=\"_ _1\"></span> \u00e8 sta<span class=\"_ _1\"></span>to ass<span class=\"_ _1\"></span>egna<span class=\"_ _1\"></span>to un <span class=\"_ _1\"></span>rati<span class=\"_ _1\"></span>ng pari<span class=\"_ _1c\"></span> a BBB da<span class=\"_ _1\"></span> par<span class=\"_ _1\"></span>te di <span class=\"_ _1\"></span>Fitch<span class=\"_ _1c\"></span> Rati<span class=\"_ _1\"></span>ngs L<span class=\"_ _1\"></span>td..<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Nella tabe<span class=\"_ _0\"></span>lla seguente si riassumono le prin<span class=\"_ _0\"></span>cipali caratteristich<span class=\"_ _0\"></span>e dello strumento:<table class=\"s wb18 h4b1\" id=\"_f95d0851-e5a0-47dd-906d-09b91a81bd61\"><tr><td class=\"c xca5 y3849 wb19 h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls37f ws689\">Emi<span class=\"_ _1\"></span>ttente<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca6 y3849 wb1a h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls380 ws68a\">Co<span class=\"_ _1\"></span>dic<span class=\"_ _1c\"></span>e ISIN<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca7 y384a w1c0 h27f\"><div class=\"t m56 x16 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68b\">Mercat<span class=\"_ _0\"></span>o di </div></td><td class=\"c xca8 y3849 wb1b h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls383 ws68d\">Rati<span class=\"_ _0\"></span>ng<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca9 y3849 wb1c h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls384 ws68e\">Valut<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaa y384a w1c1 h27f\"><div class=\"t m56 x58 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68f\">Valore </div></td><td class=\"t m56 xcab h280 y384b ff2 fs76 fc0 sc0 ls385 ws691\">Valore IA<span class=\"_ _0\"></span>S d<span class=\"_ _0\"></span>i </td><td class=\"c xcac y384a w185 h27f\"><div class=\"t m56 x162 h280 y24af ff2 fs76 fc0 sc0 ls382 ws68c\">Ce<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcad y384a w1c3 h27f\"><div class=\"t m56 x81 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68f\">Dat<span class=\"_ _0\"></span>a </div></td></tr><tr><td></td><td></td><td class=\"c xca7 y384a w1c0 h27f\"><div class=\"t m56 xf7 h280 y24b1 ff2 fs76 fc0 sc0 ls382 ws68c\">q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td><td></td><td></td><td class=\"c xcaa y384a w1c1 h27f\"><div class=\"t m56 x55 h280 y24b1 ff2 fs76 fc0 sc0 ls385 ws690\">Nominle<span class=\"_ _4ac\"> </span></div></td><td class=\"t m56 xcae h280 y384c ff2 fs76 fc0 sc0 ls385 ws690\">bilancio<span class=\"_ _4ac\"> </span></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 x5a h280 y24b4 ff1 fs76 fc0 sc0 ls386 ws68f\">Annua<span class=\"_ _0\"></span>le  </div></td><td class=\"c xcad y384a w1c3 h27f\"><div class=\"t m56 x60 h280 y24b1 ff2 fs76 fc0 sc0 ls386 ws692\">scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3774 wb1d h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws693\">Anima H<span class=\"_ _0\"></span>olding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb0 y3774 wb1e h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">X<span class=\"_ _0\"></span>S2331921390<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb1 y3774 wb1f h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws695\">MTF<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb2 y3774 wb20 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls389 ws696\">BBB<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb3 y3774 wb21 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls386 ws692\">Euro<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb4 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb5 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">301.793<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 xf7 h280 y24b5 ff1 fs76 fc0 sc0 ls38a ws698\">ta<span class=\"_ _1c\"></span>sso fi<span class=\"_ _1\"></span>sso </div></td><td class=\"c xcac y384e w185 h282\"><div class=\"t m56 xb0 h280 y24b8 ff1 fs76 fc0 sc0 ls388 ws694\">22/04/2028<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 x81 h280 y24b6 ff1 fs76 fc0 sc0 ls388 ws694\">1,5%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>In merito a ulter<span class=\"_ _0\"></span>iori clausole correlate<span class=\"_ _0\"></span> all\u2019indebitamento del Gruppo, si rinvia<span class=\"_ _0\"></span> alla \u201cRelazione sul gove<span class=\"_ _1\"></span>rno soc<span class=\"_ _1\"></span>ieta<span class=\"_ _1\"></span>rio e g<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>asset<span class=\"_ _1\"></span>ti pr<span class=\"_ _1\"></span>oprieta<span class=\"_ _1c\"></span>ri\u201d <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span><span class=\"ls0 ws76\">disponibile<span class=\"_ _0\"></span> sul sito internet della Societ\u00e0 (sez<span class=\"_ _0\"></span>ione </span></span>C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ra<span class=\"_ _1c\"></span>te<span class=\"_ _13\"></span> <span class=\"_ _0\"></span><span class=\"ls33 wsb6\">G<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>)<span class=\"ff1 ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"lse ws92\">redatta sulla<span class=\"_ _0\"></span> base di quanto pre<span class=\"_ _0\"></span>visto dall\u2019art<span class=\"_ _0\"></span>. 123</span>-<span class=\"ls0 ws54\">bis del TUF, ai sensi </span></span></span>del q<span class=\"_ _1\"></span>uale g<span class=\"_ _1\"></span>li e<span class=\"_ _1\"></span>mitt<span class=\"_ _1\"></span>enti d<span class=\"_ _1\"></span>evon<span class=\"_ _1\"></span>o annua<span class=\"_ _1\"></span>lm<span class=\"_ _1\"></span>ente f<span class=\"_ _1\"></span>ornire<span class=\"_ _1c\"></span> al merca<span class=\"_ _1c\"></span>to una se<span class=\"_ _1c\"></span>rie di i<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>zioni<span class=\"_ _1c\"></span>, dettagliatamente individuate dalla norma in oggetto.<span class=\"ls1 ws1\"> </span>Gestione <span class=\"_ _0\"></span>liquidit\u00e0 <span class=\"_ _0\"></span>aziendale: ec<span class=\"_ _0\"></span>cedenza risor<span class=\"_ _0\"></span>se finanziarie<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>In materia di ges<span class=\"_ _0\"></span>tione della liqu<span class=\"_ _0\"></span>idit\u00e0 azien<span class=\"_ _0\"></span>dale, le societ\u00e0 del Gru<span class=\"_ _0\"></span>ppo investono le ecce<span class=\"_ _0\"></span>denze di risorse finanziar<span class=\"_ _0\"></span>ie in (i) OICR, prevalentemente in OICVM e in FIA chiusi riservati istituiti e/o gesti<span class=\"_ _1c\"></span>ti da soci<span class=\"_ _1c\"></span>et\u00e0 pri<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>alme<span class=\"_ _1\"></span>nte ap<span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>tenen<span class=\"_ _1\"></span>ti al G<span class=\"_ _1\"></span>ruppo A<span class=\"_ _1c\"></span>ni<span class=\"ls0 ws7e\">ma, (ii) in e<span class=\"_ _0\"></span>missioni governat<span class=\"_ _0\"></span>ive a </span>breve termine in<span class=\"_ _0\"></span> Euro e (iii) in depositi bancari e po<span class=\"_ _0\"></span>stali a vista (\u201c<span class=\"ff5 ls40 wsae\">ti<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>i<span class=\"_ _1c\"></span>t\u201d)<span class=\"_ _1\"></span><span class=\"ff1 ls1 ws1\">. </span></span>I rischi finanziari del port<span class=\"_ _0\"></span>afoglio di propriet\u00e0 sono gestiti attraver<span class=\"_ _0\"></span>so la d<span class=\"_ _1\"></span>efin<span class=\"_ _0\"></span>izione di limitazioni operative finalizz<span class=\"_ _0\"></span>ate alla mitigazione del rischio che tale portafoglio pu\u00f2 assumere. Tali limitazion<span class=\"_ _0\"></span>i sono espresse (i) in te<span class=\"_ _0\"></span>rmini di tipo<span class=\"_ _0\"></span>logie di investimenti am<span class=\"_ _0\"></span>messi, (ii) in t<span class=\"_ _0\"></span>ermini di ammontare e (iii) in termin<span class=\"_ _0\"></span>i di limite massimo di rischio (identificato<span class=\"_ _0\"></span> come volatilit\u00e0) che pu\u00f2 esser<span class=\"_ _1\"></span>e assu<span class=\"_ _1\"></span>nto.<span class=\"ls1 ws1\"> </span>I Consigli di Am<span class=\"_ _0\"></span>ministrazione de<span class=\"_ _0\"></span>lle societ\u00e0 del Gruppo An<span class=\"_ _0\"></span>ima deliberano annualmente<span class=\"_ _0\"></span> in merito alle car<span class=\"_ _0\"></span>atteristiche ed ai limit<span class=\"_ _0\"></span>i operativi riguardant<span class=\"_ _0\"></span>i gli investimenti in<span class=\"_ _0\"></span> strumenti finanziari e<span class=\"_ _0\"></span>d in depositi ban<span class=\"_ _0\"></span>cari e/o postali.<span class=\"_ _0\"></span> L\u2019attivit\u00e0 di co<span class=\"_ _0\"></span>ntrollo \u00e8 svo<span class=\"_ _0\"></span>lta dalle funzioni di Risk Man<span class=\"_ _0\"></span>agement preposte<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span>L\u2019inv<span class=\"_ _1c\"></span>estime<span class=\"_ _1\"></span>nto i<span class=\"_ _1\"></span>n OIC<span class=\"_ _1\"></span>VM \u00e8 <span class=\"_ _1c\"></span>rappres<span class=\"_ _1c\"></span>entato<span class=\"_ _1\"></span> da <span class=\"_ _1\"></span>prodo<span class=\"_ _1\"></span>tti i<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uiti <span class=\"_ _1\"></span>e/o g<span class=\"_ _1\"></span>esti<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>al Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _1\"></span> Ani<span class=\"_ _1\"></span>ma, selezionat<span class=\"_ _0\"></span>i secondo gli obiettivi di rendimento ed i lim<span class=\"_ _0\"></span>iti di rischio stabiliti dai rispett<span class=\"_ _0\"></span>ivi Consigli di Amministra<span class=\"_ _0\"></span>zione di ciascuna societ\u00e0. Tale tipolo<span class=\"_ _0\"></span>gia di i<span class=\"ls35 ws114\">nvestime<span class=\"_ _0\"></span>nto \u00e8 caratt<span class=\"_ _0\"></span>erizzat<span class=\"_ _0\"></span>a da un </span>elevato<span class=\"_ _0\"></span> livello di liquidit\u00e0 e<span class=\"_ _0\"></span> dal ridotto<span class=\"_ _0\"></span> rischio diretto di cr<span class=\"_ _0\"></span>edito, in qu<span class=\"_ _0\"></span>anto gli OICVM detenut<span class=\"_ _0\"></span>i hann<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>ropri<span class=\"_ _1c\"></span>o patri<span class=\"_ _1\"></span>monio s<span class=\"_ _1c\"></span>eparato<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>I rischi finanziari derivanti da questa tipologia di invest<span class=\"_ _0\"></span>imento sono riconducibili essenzialment<span class=\"_ _0\"></span>e al rischio di mercato degli investimenti e<span class=\"_ _0\"></span>ffettuati, che risulta comunque compatibile con il profilo prudente che caratteriz<span class=\"_ _0\"></span>za la strategia di investimento della liquidit<span class=\"_ _0\"></span>\u00e0 azien<span class=\"_ _0\"></span>dale del Gruppo Anim<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span>I rischi de<span class=\"_ _0\"></span>rivanti dall\u2019in<span class=\"_ _0\"></span>vestimento in OICV<span class=\"_ _0\"></span>M sono monitorati me<span class=\"_ _0\"></span>diante la verific<span class=\"_ _0\"></span>a del rispetto dei limiti deliberati dai rispettiv<span class=\"_ _0\"></span>i Consigli di A<span class=\"_ _1\"></span>mministr<span class=\"_ _0\"></span>azione. In particolare, i limiti di rischio stabiliti in termini di volatilit\u00e0<span class=\"_ _0\"></span> sono m<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>itorati con il <span class=\"_ _1\"></span><span class=\"ls31 ws84\">mode<span class=\"_ _0\"></span>llo di risch<span class=\"_ _0\"></span>io in uso pres<span class=\"_ _0\"></span>so la societ<span class=\"_ _0\"></span>\u00e0 </span>cont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ata A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>SGR. P<span class=\"_ _1\"></span>er q<span class=\"_ _1\"></span>uant<span class=\"_ _1\"></span>o sop<span class=\"_ _1\"></span>ra, u<span class=\"_ _1\"></span>nitame<span class=\"_ _1c\"></span>nte alla<span class=\"_ _1\"></span> nat<span class=\"_ _1\"></span>ura div<span class=\"_ _1c\"></span>ersifica<span class=\"_ _1c\"></span>ta deg<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> investimenti in OICVM, il Gru<span class=\"_ _0\"></span>ppo Anima non ritiene rappresentativa l\u2019an<span class=\"_ _0\"></span>alisi di sensitivit\u00e0 rispetto a<span class=\"_ _0\"></span>i rischi di mercato a cui <span class=\"ls32 ws58\">\u00e8 es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span></span>Gli invest<span class=\"_ _0\"></span>imenti in emissioni governative in Euro sono<span class=\"_ _0\"></span> rappresentati da titoli emes<span class=\"_ _0\"></span>si dallo Stato italiano<span class=\"_ _0\"></span> (Buoni Ordinari del Tesoro<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- </span>\u201cBOT\u201d) c<span class=\"_ _0\"></span>on duration massima di 12 mes<span class=\"_ _0\"></span>i. I rischi deriv<span class=\"_ _0\"></span>anti da tale in<span class=\"_ _0\"></span>vestimento sono monitorati mediante<span class=\"_ _0\"></span> la verifica del<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span>rispetto dei limit<span class=\"_ _0\"></span>i deliberati dal Consiglio di Amministr<span class=\"_ _0\"></span>azione. In particolare, i limit<span class=\"_ _0\"></span>i di rischio stabiliti in termini di volatilit<span class=\"_ _0\"></span>\u00e0 sono moni<span class=\"_ _1\"></span>torati a<span class=\"_ _1c\"></span>nche i<span class=\"_ _1\"></span>n quest<span class=\"_ _1\"></span>o cas<span class=\"_ _1c\"></span>o con il m<span class=\"_ _1\"></span>odell<span class=\"_ _1c\"></span>o di rischi<span class=\"_ _1c\"></span>o in uso<span class=\"_ _1\"></span> press<span class=\"_ _1c\"></span>o Anima <span class=\"_ _1\"></span>SGR.<span class=\"_ _4ac\"> </span>Il Gr<span class=\"_ _1\"></span>uppo A<span class=\"_ _1c\"></span>nima pu<span class=\"_ _1\"></span>\u00f2 inol<span class=\"_ _1\"></span>tre i<span class=\"_ _1\"></span>nvesti<span class=\"_ _1c\"></span>re nei <span class=\"_ _1\"></span>FIA chi<span class=\"_ _1\"></span>usi ri<span class=\"_ _1\"></span>serv<span class=\"_ _1\"></span>ati i<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuiti e/<span class=\"_ _1c\"></span>o gestiti<span class=\"_ _1\"></span> pri<span class=\"_ _1\"></span>ncipa<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte<span class=\"_ _1c\"></span> da societ<span class=\"_ _0\"></span>\u00e0 appartenent<span class=\"_ _0\"></span>i al Gruppo Anim<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\">-<span class=\"ls30 ws191\">Gr<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>ppo B<span class=\"_ _1\"></span>anco BPM<span class=\"_ _1c\"></span>. Viste le cara<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _1\"></span>risti<span class=\"_ _1\"></span>che, </span></span>specialmente<span class=\"_ _0\"></span> in termini di illiquidit<span class=\"_ _0\"></span>\u00e0, di quest<span class=\"_ _0\"></span>a tipologia di invest<span class=\"_ _0\"></span>ime<span class=\"ls31 wsa9\">nti, l\u2019<span class=\"_ _0\"></span>ammonta<span class=\"_ _0\"></span>re ad e<span class=\"_ _0\"></span>ssi </span>destinato<span class=\"_ _0\"></span> viene autorizzato specificatament<span class=\"_ _0\"></span>e dai rispettivi Consigli di Am<span class=\"_ _0\"></span>ministrazione. Dal punto di vist<span class=\"_ _0\"></span>a della liquidit\u00e0,<span class=\"_ _0\"></span> tale tipologia di in<span class=\"_ _0\"></span>vestimenti \u00e8<span class=\"_ _0\"></span> caratterizzata infatt<span class=\"_ _0\"></span>i da un orizzonte tempo<span class=\"_ _1\"></span>rale<span class=\"_ _1\"></span> di lu<span class=\"_ _1\"></span>ngo p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o, senz<span class=\"_ _1\"></span>a <span class=\"ls0 ws74\">la possibilit\u00e0 di richieder<span class=\"_ _0\"></span>e un rimborso anticipato rispetto </span>alla sc<span class=\"_ _0\"></span>adenz<span class=\"_ _0\"></span>a del fondo.<span class=\"_ _0\"></span> Nell\u2019am<span class=\"_ _0\"></span>bito del r<span class=\"_ _0\"></span>ischio di merc<span class=\"_ _0\"></span>ato, per qu<span class=\"_ _0\"></span>esti st<span class=\"_ _0\"></span>rumenti<span class=\"_ _0\"></span> rappresent<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span>un elemento mitigante l\u2019esposizione<span class=\"_ _0\"></span> minoritaria a investimenti di natura azionaria e la strategia di investimento<span class=\"_ _0\"></span> di lungo periodo, ch<span class=\"_ _0\"></span>e viene riflessa anche<span class=\"_ _0\"></span> nella valorizzazione<span class=\"_ _0\"></span> dei sottostanti. Pu\u00f2 es<span class=\"_ _0\"></span>sere rilevante<span class=\"_ _0\"></span> la pre<span class=\"_ _0\"></span>senza del ris<span class=\"_ _0\"></span>chio di c<span class=\"_ _0\"></span>redito nei <span class=\"_ _0\"></span>c<span class=\"lsf ws6e\">onf<span class=\"_ _1\"></span>ronti<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span>le soc<span class=\"_ _1\"></span>iet\u00e0<span class=\"_ _1\"></span> che v<span class=\"_ _1\"></span>engo<span class=\"_ _1\"></span>no </span>fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span> que<span class=\"_ _1\"></span>sti s<span class=\"_ _1c\"></span>trumenti<span class=\"_ _1c\"></span> di in<span class=\"_ _1\"></span>vesti<span class=\"_ _1c\"></span>mento: l<span class=\"_ _1\"></span>a mi<span class=\"_ _1c\"></span>tigazi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>vvie<span class=\"_ _1\"></span>ne p<span class=\"_ _1\"></span>rinc<span class=\"_ _1\"></span>ipal<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>e tramit<span class=\"_ _1\"></span>e tecniche di dive<span class=\"_ _0\"></span>rsificazione im<span class=\"_ _0\"></span>plementate dal ges<span class=\"_ _0\"></span>tore dei FI<span class=\"_ _0\"></span>A e un\u2019attenta f<span class=\"_ _0\"></span>ase di analisi prev<span class=\"_ _1\"></span>entiva.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Infi<span class=\"_ _1\"></span>ne,<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws99\">gli investiment<span class=\"_ _0\"></span>i in depositi bancari e postali e in eventuali time deposit (quest<span class=\"_ _0\"></span>i ultimi </span></span>sott<span class=\"_ _1\"></span>oscriv<span class=\"_ _1\"></span>ili c<span class=\"_ _1\"></span>on sca<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza n<span class=\"_ _1\"></span>on sup<span class=\"_ _1\"></span>erio<span class=\"_ _1\"></span>re a <span class=\"_ _1\"></span>12 me<span class=\"_ _1\"></span>si) s<span class=\"_ _1\"></span>ono, p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>oro na<span class=\"_ _1c\"></span>tura, ca<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>erizza<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>i da<span class=\"_ _1\"></span> un elevato livello di liqu<span class=\"_ _0\"></span>idit\u00e0 e assenza di rischio di mercato. I rischi<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>finanziari deriv<span class=\"_ _0\"></span>anti da questa tipolo<span class=\"_ _0\"></span>gia di investimento sono sostanzia<span class=\"_ _0\"></span>lmente riconducibili al risch<span class=\"_ _0\"></span>io di credito e sono regolarmente monito<span class=\"_ _0\"></span>rati nonch\u00e9 mitigati anche tramite limiti finaliz<span class=\"_ _0\"></span>zati al frazionamento del rischio.<span class=\"ls1 ws1\"> </span>Attiv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rie val<span class=\"_ _1c\"></span>utate al<span class=\"_ _1\"></span> fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue co<span class=\"_ _1\"></span>n imp<span class=\"_ _1c\"></span>atto sul<span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>reddi<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 co<span class=\"_ _1\"></span>mples<span class=\"_ _1\"></span>siva<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>Si segnala che la Societ<span class=\"_ _0\"></span>\u00e0 ha in portafoglio n\u00b0 50.290.691 azioni ordin<span class=\"_ _0\"></span>arie di BMPS, per un valore compless<span class=\"_ _0\"></span>ivo al 31 dicembre 2025 pari a Euro 459,2 milioni.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>I titoli azionar<span class=\"_ _0\"></span>i di BMPS sono stati classificati contabilme<span class=\"_ _0\"></span>nte tra le \u201cAttivit\u00e0 fin<span class=\"_ _0\"></span>anziarie valutate al fair value<span class=\"_ _0\"></span> con impatto sulla reddit<span class=\"_ _0\"></span>ivit\u00e0 complessiva\u201d,<span class=\"_ _0\"></span> voce che accoglie gli str<span class=\"_ _0\"></span>umenti finanziari valutati al fa<span class=\"_ _0\"></span>ir value con la rilevazione delle variazion<span class=\"_ _0\"></span>i dello stesso in una specifica ris<span class=\"_ _0\"></span>erva di patri<span class=\"_ _1c\"></span>monio n<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span>, in ba<span class=\"_ _1\"></span>se all<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>evisi<span class=\"_ _1c\"></span>oni cont<span class=\"_ _1\"></span>enute <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>\u2019IFR<span class=\"_ _1\"></span>S 9. Ta<span class=\"_ _1\"></span>le tra<span class=\"_ _1c\"></span>ttament<span class=\"_ _1c\"></span>o contab<span class=\"_ _1\"></span>ile <span class=\"_ _1c\"></span>\u00e8 coerente con la finalit<span class=\"_ _0\"></span>\u00e0 dell\u2019investimento, in<span class=\"_ _0\"></span> quanto tali azioni non sono detenute per finalit\u00e0 di negoziazione e non sono qualif<span class=\"_ _0\"></span>icabili di controllo esclusivo,<span class=\"_ _0\"></span> collegamento e controllo congiunto. La finalit<span class=\"_ _0\"></span>\u00e0 dell\u2019investimento \u00e8 stata de<span class=\"_ _0\"></span>finita dal Consiglio di Amministr<span class=\"_ _0\"></span>azione della Societ\u00e0. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-664": {
   "value": "3.1 Rischi finanziari<span class=\"ls1 ws1\"> </span>L'informat<span class=\"_ _0\"></span>iva \u00e8 prevista dall'art.<span class=\"_ _0\"></span> 2428 C.C. e dai principi contabili I<span class=\"_ _0\"></span>AS 32 e IFRS 7.<span class=\"ls1 ws1\"> </span>I rischi f<span class=\"_ _0\"></span>inanziari comprendono:<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 ws76\">il risch<span class=\"_ _0\"></span>io di liquidit\u00e0, con<span class=\"_ _0\"></span>nesso alla diffico<span class=\"_ _0\"></span>lt\u00e0 di smobilizzar<span class=\"_ _0\"></span>e un\u2019attivit\u00e0 in<span class=\"_ _0\"></span> tempi rapidi e </span></span>ad u<span class=\"_ _1\"></span>n prez<span class=\"_ _1\"></span>zo d<span class=\"_ _1\"></span>i me<span class=\"_ _1\"></span>rcat<span class=\"_ _1\"></span>o, ovv<span class=\"_ _1\"></span>ero d<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>eder<span class=\"_ _1\"></span>e temp<span class=\"_ _1c\"></span>estivam<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>lle <span class=\"_ _1c\"></span>risorse f<span class=\"_ _1\"></span>inanzi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e necessar<span class=\"_ _0\"></span>ie all\u2019azienda a costi sosten<span class=\"_ _0\"></span>ibili;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wse0\">il rischio di credito, cio\u00e8 il rischio di incorrere in perdite a causa dell\u2019inadempienza o </span></span>dell\u2019insolv<span class=\"_ _0\"></span>enza della controparte;<span class=\"ls1 ws1\"> </span>\u2022<span class=\"ff9\"> <span class=\"_ _16\"> </span><span class=\"ff1 ls0 wsfe\">il risch<span class=\"_ _0\"></span>io di mercato, legato ad osc<span class=\"_ _0\"></span>illazioni del valore di att<span class=\"_ _0\"></span>ivit\u00e0/passivit\u00e0<span class=\"_ _0\"></span> a seguito di </span></span>variazioni de<span class=\"_ _0\"></span>lle condizioni di mercato<span class=\"_ _0\"></span> (prezzo, tasso, cambio, commo<span class=\"_ _0\"></span>dity).<span class=\"ls1 ws1\"> </span>Il Gr<span class=\"_ _1\"></span>uppo A<span class=\"_ _1c\"></span>nima \u00e8 <span class=\"_ _1\"></span>espo<span class=\"_ _1\"></span>sto a t<span class=\"_ _1\"></span>utti i<span class=\"_ _1\"></span> tre <span class=\"_ _1c\"></span>rischi so<span class=\"_ _1c\"></span>pra me<span class=\"_ _1\"></span>nziona<span class=\"_ _1\"></span>ti.<span class=\"ls1 ws1\"> <span class=\"ls30 ws84\">In pa<span class=\"_ _1\"></span>rticola<span class=\"_ _1\"></span>re, ta<span class=\"_ _1\"></span>le esp<span class=\"_ _1c\"></span>osizion<span class=\"_ _1c\"></span>e </span></span>\u00e8 essenzialmente<span class=\"_ _0\"></span> riconducibile alla ge<span class=\"_ _0\"></span>stione della liquidit\u00e0 delle<span class=\"_ _0\"></span> societ\u00e0 del Gruppo Anima, sia in relazione<span class=\"_ _0\"></span> al rimborso dell\u2019in<span class=\"_ _0\"></span>debitamento sottoscritto dalla<span class=\"_ _0\"></span> Societ<span class=\"_ _0\"></span>\u00e0 (prestito obbligazionario<span class=\"_ _0\"></span>), sia in relazione alle eccedenze di risorse finanzia<span class=\"_ _0\"></span>rie rispetto ai fabbisogni attesi di liquidit\u00e0 genera<span class=\"_ _1c\"></span>ti dall<span class=\"_ _1\"></span>\u2019opera<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1c\"></span> ordinari<span class=\"_ _1\"></span>a, ov<span class=\"_ _1\"></span>vero<span class=\"_ _1\"></span> il por<span class=\"_ _1\"></span>tafogl<span class=\"_ _1\"></span>io di p<span class=\"_ _1c\"></span>roprie<span class=\"_ _1\"></span>t\u00e0 del<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po Ani<span class=\"_ _1\"></span>ma. <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Gestione liquidit<span class=\"_ _0\"></span>\u00e0 aziendale: indebit<span class=\"_ _0\"></span>amento<span class=\"ls1 ws1\"> </span>Al 31 dicembre 2025 il Gruppo<span class=\"_ _0\"></span> Anima presenta la seguente struttura<span class=\"_ _0\"></span> debitoria:<span class=\"ls1 ws1\"> </span><table class=\"s wb07 h4af\" id=\"_0416e710-d11c-408e-9ce1-c993907ff7b3\"><tr><td></td><td></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x84 h279 y246a ff2 fs74 fc0 sc0 ls375 ws67a\">Es<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td></tr><tr><td class=\"c xc95 y3845 wb08 h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws678\">T<span class=\"_ _0\"></span>ipologia<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc96 y3845 wb09 h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws679\">Valore Nominale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x84 h279 y246b ff2 fs74 fc0 sc0 ls374 ws679\">de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>itoria al </div></td></tr><tr><td></td><td></td><td class=\"c xc94 y3844 w1bc h27a\"><div class=\"t m69 x13f h279 y246c ff2 fs74 fc0 sc0 ls376 ws67b\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y35bf wb0a h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls377 ws67c\">Prestito O<span class=\"_ _0\"></span>bbligaz<span class=\"_ _1\"></span>ionario 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>6<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc97 y35bf wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc98 y35bf wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">284.497<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y353b wb0a h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls377 ws67c\">Prestito O<span class=\"_ _0\"></span>bbligaz<span class=\"_ _1\"></span>ionario 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>8<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc97 y353b wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc98 y353b wb0b h453\"><div class=\"t m69 x1fa h279 y35c1 ff1 fs74 fc0 sc0 ls378 ws67d\">301.793<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wb0c h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls374 ws679\">T<span class=\"_ _0\"></span>otale ind<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc99 y345e wb0d h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls376 ws67b\">583.<span class=\"_ _0\"></span>978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9a y345e wb0e h453\"><div class=\"t m69 x1fa h279 y35c1 ff2 fs74 fc0 sc0 ls376 ws67b\">586.<span class=\"_ _0\"></span>290<span class=\"_ _4ac\"> </span></div></td></tr></table>Il profilo di sc<span class=\"_ _0\"></span>adenza della struttura nomin<span class=\"_ _0\"></span>ale debitoria risulta essere:<span class=\"ls1 ws1\"> </span><table class=\"s wb0f h4b0\" id=\"_c0ef4294-dab4-4009-8c32-efd404282fcb\"><tr><td></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x4b h27c y2472 ff2 fs75 fc0 sc0 ls37a ws680\">Pres<span class=\"_ _1\"></span>tito<span class=\"_ _1c\"></span> </div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a x93 h27c y2472 ff2 fs75 fc0 sc0 ls37a ws680\">Pres<span class=\"_ _1\"></span>tito<span class=\"_ _1c\"></span> </div></td><td></td></tr><tr><td class=\"c x624 y3846 w1bd h27b\"><div class=\"t m6a xfc h27c y2471 ff2 fs75 fc0 sc0 ls379 ws67f\">Scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x16 h27c y2473 ff2 fs75 fc0 sc0 ls37b ws681\">Ob<span class=\"_ _0\"></span>bligaz<span class=\"_ _0\"></span>ionario<span class=\"_ _1\"></span> </div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a x60 h27c y2473 ff2 fs75 fc0 sc0 ls37b ws681\">Ob<span class=\"_ _0\"></span>bligaz<span class=\"_ _0\"></span>ionario<span class=\"_ _1\"></span> </div></td><td class=\"c x624 y3846 w1bd h27b\"><div class=\"t m6a x193 h27c y2471 ff2 fs75 fc0 sc0 ls37d ws683\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td class=\"c xc9b y3846 w1be h27b\"><div class=\"t m6a x67 h27c y2474 ff2 fs75 fc0 sc0 ls37c ws682\">2026<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9c y3846 w1bf h27b\"><div class=\"t m6a xa1 h27c y2474 ff2 fs75 fc0 sc0 ls37c ws682\">2028<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y3848 wb10 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls379 ws684\">inf<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ore a 1 anno<span class=\"_ _4ac\"> </span></div></td><td class=\"c xc9d y3848 wb11 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws685\">283.978<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc9e y3848 wb12 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">283.<span class=\"_ _13\"></span>978<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3731 wb13 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws687\">tr<span class=\"_ _0\"></span>a 1 e<span class=\"_ _0\"></span> 3 ann<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xc9f y3731 wb11 h441\"><div class=\"t m6a x1fa h27c y3847 ff1 fs75 fc0 sc0 ls37e ws685\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca0 y3731 wb14 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">300.000<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wb15 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37d ws683\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca1 y345e wb16 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca2 y345e wb12 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">300.<span class=\"_ _13\"></span>000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca3 y345e wb17 h441\"><div class=\"t m6a x1fa h27c y3847 ff2 fs75 fc0 sc0 ls37c ws682\">583.978<span class=\"_ _4ac\"> </span></div></td></tr></table>Il Pr<span class=\"_ _0\"></span>estito Obbligazio<span class=\"_ _0\"></span>nario 202<span class=\"_ _0\"></span>6 non c<span class=\"_ _0\"></span>onvertibile <span class=\"_ _0\"></span><span class=\"ff5 ls38 ws76\">s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ior u<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>cure<span class=\"_ _13\"></span>d</span><span class=\"ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"ls1d ws7b\">\u00e8<span class=\"_ _0\"></span> stato<span class=\"_ _0\"></span> emes<span class=\"_ _0\"></span>so in d<span class=\"_ _0\"></span>ata 23 </span></span>ottob<span class=\"_ _1\"></span>re 201<span class=\"_ _1c\"></span>9, per un n<span class=\"_ _1c\"></span>ominal<span class=\"_ _1\"></span>e di Eur<span class=\"_ _1\"></span>o 300 mi<span class=\"_ _1\"></span>lioni<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>n scad<span class=\"_ _1\"></span>enza a 7<span class=\"_ _1\"></span> anni<span class=\"_ _1\"></span>. Le ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>azioni<span class=\"_ _1\"></span> sono state e<span class=\"_ _1c\"></span>messe al<span class=\"_ _1\"></span> prezz<span class=\"_ _1\"></span>o di 9<span class=\"_ _1\"></span>9,459%<span class=\"_ _1\"></span>, con <span class=\"_ _1\"></span>un tass<span class=\"_ _1\"></span>o di inte<span class=\"_ _1\"></span>ress<span class=\"_ _1\"></span>e fisso a<span class=\"_ _1c\"></span>nnuo di rif<span class=\"_ _1\"></span>erim<span class=\"_ _1\"></span>ento p<span class=\"_ _1\"></span>ari a<span class=\"_ _1\"></span> 1,75% (cfr. comunicato stampa del 17 ott<span class=\"ls0 ws173\">obre 20<span class=\"_ _0\"></span>19). L\u2019emiss<span class=\"_ _0\"></span>ione obbligazion<span class=\"_ _0\"></span>aria ha </span>comp<span class=\"_ _1\"></span>ortat<span class=\"_ _1\"></span>o un i<span class=\"_ _1\"></span>ncass<span class=\"_ _1c\"></span>o netto p<span class=\"_ _1\"></span>er Ani<span class=\"_ _1c\"></span>ma Holdi<span class=\"_ _1\"></span>ng d<span class=\"_ _1\"></span>i circa E<span class=\"_ _1c\"></span>uro 298<span class=\"_ _1\"></span>,38 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni.<span class=\"ls1 ws1\"> </span>Si ricor<span class=\"_ _0\"></span>da che in data 10 giugn<span class=\"_ _0\"></span>o 2020 \u00e8 avvenuto il re<span class=\"_ _0\"></span>golamento dell\u2019offert<span class=\"_ _0\"></span>a di riacquisto par<span class=\"_ _0\"></span>ziale avente ad oggetto le obbligazion<span class=\"_ _0\"></span>i emesse dalla Societ\u00e0 per un importo nominale complessivo di Euro<span class=\"_ _0\"></span> 16,02 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>Al 31 dicembre 2025, il valore nominale residuo de<span class=\"_ _0\"></span>l Prestito Obbligazionario 2026 \u00e8 pari a Euro 283,98 milion<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span>Il Prestito Obbligazion<span class=\"_ _0\"></span>ario 2026 \u00e8 stato riservato a investitori qualificati in Italia e all\u2019estero, escludendo gli Stati Uniti d'Amer<span class=\"_ _0\"></span>ica ed al<span class=\"_ _1\"></span>tr<span class=\"_ _0\"></span>i paesi selezionati. La quotazione delle obbligazioni \u00e8 avve<span class=\"_ _1\"></span>nuta sul<span class=\"_ _1\"></span> sist<span class=\"_ _1\"></span>ema mul<span class=\"_ _1\"></span>tilatera<span class=\"_ _1\"></span>le di<span class=\"_ _1\"></span> negozi<span class=\"_ _1c\"></span>azione, co<span class=\"_ _1\"></span>m<span class=\"ls0 ws9c\">e definito ai sensi della D<span class=\"_ _0\"></span>irettiva </span>2014<span class=\"_ _1\"></span>/65/U<span class=\"_ _1\"></span>E (m<span class=\"_ _1c\"></span>ultila<span class=\"_ _1\"></span>tera<span class=\"_ _1\"></span>l tradi<span class=\"_ _1c\"></span>ng faci<span class=\"_ _1\"></span>lity<span class=\"_ _1\"></span>, o M<span class=\"_ _1\"></span>TF),<span class=\"_ _1c\"></span> denomi<span class=\"_ _1\"></span>nato<span class=\"_ _1\"></span> \u201cGl<span class=\"_ _1\"></span>obal E<span class=\"_ _1\"></span>xcha<span class=\"_ _1c\"></span>nge Mar<span class=\"_ _1\"></span>ket\u201d<span class=\"_ _1c\"></span>, gesti<span class=\"_ _1\"></span>to da Eurone<span class=\"_ _0\"></span>xt Dublin. Alle<span class=\"_ _0\"></span> obbligazioni<span class=\"_ _0\"></span> \u00e8 attualmente as<span class=\"_ _0\"></span>segnato un rat<span class=\"_ _0\"></span>ing pari a BBB da parte<span class=\"_ _0\"></span> di Fitc<span class=\"_ _1\"></span>h Rati<span class=\"_ _1\"></span>ngs Ltd<span class=\"_ _1\"></span>..<span class=\"ls1 ws1\"> </span>Nella tabella se<span class=\"_ _0\"></span>guente si riassumono le principali caratteristich<span class=\"_ _0\"></span>e dello strumento: <span class=\"_ _3c7\"></span><span class=\"ls1 ws1\"> </span><table class=\"s wb18 h4b2\" id=\"_3a9c195b-ef95-4ca0-8adc-fe0f4d5674c9\"><tr><td class=\"c xca5 y384f wb19 h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls37f ws689\">Emi<span class=\"_ _1\"></span>ttente<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca6 y384f wb1a h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls380 ws68a\">Co<span class=\"_ _1\"></span>dic<span class=\"_ _1c\"></span>e ISIN<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca7 y3850 w1c0 h27f\"><div class=\"t m56 x16 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68b\">Mercat<span class=\"_ _0\"></span>o di </div></td><td class=\"c xca8 y384f wb1b h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls383 ws68d\">Rati<span class=\"_ _0\"></span>ng<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca9 y384f wb1c h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls384 ws68e\">Valut<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaa y3850 w1c1 h27f\"><div class=\"t m56 x58 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68f\">Valore </div></td><td class=\"t m56 xcab h280 y3851 ff2 fs76 fc0 sc0 ls385 ws691\">Valore IA<span class=\"_ _0\"></span>S d<span class=\"_ _0\"></span>i </td><td class=\"c xcac y3850 w185 h27f\"><div class=\"t m56 x162 h280 y24a4 ff2 fs76 fc0 sc0 ls382 ws68c\">Ce<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcad y3850 w1c3 h27f\"><div class=\"t m56 x81 h280 y24a5 ff2 fs76 fc0 sc0 ls381 ws68f\">Dat<span class=\"_ _0\"></span>a </div></td></tr><tr><td></td><td></td><td class=\"c xca7 y3850 w1c0 h27f\"><div class=\"t m56 xf7 h280 y24a6 ff2 fs76 fc0 sc0 ls382 ws68c\">q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td><td></td><td></td><td class=\"c xcaa y3850 w1c1 h27f\"><div class=\"t m56 x55 h280 y24a6 ff2 fs76 fc0 sc0 ls385 ws690\">Nominle<span class=\"_ _4ac\"> </span></div></td><td class=\"t m56 xcae h280 y3852 ff2 fs76 fc0 sc0 ls385 ws690\">bilancio<span class=\"_ _4ac\"> </span></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 x5a h280 y24a9 ff1 fs76 fc0 sc0 ls386 ws68f\">Annua<span class=\"_ _0\"></span>le  </div></td><td class=\"c xcad y3850 w1c3 h27f\"><div class=\"t m56 x60 h280 y24a6 ff2 fs76 fc0 sc0 ls386 ws692\">scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3774 wb1d h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws693\">Anima H<span class=\"_ _0\"></span>olding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb0 y3774 wb1e h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">X<span class=\"_ _0\"></span>S2069040389<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb1 y3774 wb1f h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws695\">MTF<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb2 y3774 wb20 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls389 ws696\">BBB<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb3 y3774 wb21 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls386 ws692\">Euro<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb4 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">283.978<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb5 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">284.497<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 xf7 h280 y24aa ff1 fs76 fc0 sc0 ls38a ws698\">ta<span class=\"_ _1c\"></span>sso fi<span class=\"_ _1\"></span>sso </div></td><td class=\"c xcac y3854 w185 h282\"><div class=\"t m56 xb0 h280 y24ad ff1 fs76 fc0 sc0 ls388 ws694\">23/10/2026<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xcaf y3853 w1c3 h281\"><div class=\"t m56 x5 h280 y24ab ff1 fs76 fc0 sc0 ls388 ws694\">1,75%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>Il Pr<span class=\"_ _0\"></span>estito Obbligazio<span class=\"_ _0\"></span>nario 202<span class=\"_ _0\"></span>8 non c<span class=\"_ _0\"></span>onvertibile <span class=\"_ _0\"></span><span class=\"ff5 ls41 ws25\">seni<span class=\"_ _1\"></span>or<span class=\"_ _1c\"></span> un<span class=\"ff1 ls1c ws102\">secured <span class=\"_ _1\"></span>\u00e8 stat<span class=\"_ _1\"></span>o emess<span class=\"_ _1\"></span>o in da<span class=\"_ _1\"></span>ta 22 </span></span>aprile 2021,<span class=\"_ _0\"></span> per un nominale di Euro<span class=\"_ _0\"></span> 300 milioni con scadenza a 7<span class=\"_ _0\"></span> anni. Le obbligazioni sono state <span class=\"_ _1\"></span>emesse a<span class=\"_ _1\"></span>l prez<span class=\"_ _1\"></span>zo d<span class=\"_ _1\"></span>i 99,40<span class=\"_ _1\"></span>8, con u<span class=\"_ _1\"></span>n tass<span class=\"_ _1\"></span>o di int<span class=\"_ _1\"></span>eresse f<span class=\"_ _1\"></span>isso a<span class=\"_ _1c\"></span>nnuo di ri<span class=\"_ _1\"></span>ferim<span class=\"_ _1\"></span>ento p<span class=\"_ _1\"></span>ari a 1,5% (c<span class=\"_ _0\"></span>fr. comun<span class=\"_ _0\"></span>icato stam<span class=\"_ _0\"></span>pa del co<span class=\"ls0 ws5f\">llo<span class=\"_ _0\"></span>camento obbligazion<span class=\"_ _0\"></span>ario del 15 aprile<span class=\"_ _0\"></span> 2021). L\u2019emis<span class=\"_ _0\"></span>sione </span>obbl<span class=\"_ _1\"></span>igaz<span class=\"_ _1\"></span>ionari<span class=\"_ _1\"></span>a ha c<span class=\"_ _1c\"></span>omporta<span class=\"_ _1\"></span>to un<span class=\"_ _1\"></span> inca<span class=\"_ _1\"></span>sso n<span class=\"_ _1\"></span>etto p<span class=\"_ _1\"></span>er A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>Holdin<span class=\"_ _1\"></span>g di<span class=\"_ _1\"></span> circa E<span class=\"_ _1c\"></span>uro 298<span class=\"_ _1\"></span>,224 milioni.<span class=\"ls1 ws1\"> </span>Al 31 dicembre 2025, il valore nominale residuo de<span class=\"_ _0\"></span>l Prestito Obbligazionario 2028 \u00e8 pari a Euro 300 milio<span class=\"_ _0\"></span>ni.<span class=\"ls1 ws1\"> </span>Il Prest<span class=\"_ _0\"></span>ito Obbligazionario 2028<span class=\"_ _0\"></span> \u00e8 stato riservato a invest<span class=\"_ _0\"></span>itori qualificati in<span class=\"_ _0\"></span> Italia e all\u2019estero<span class=\"_ _0\"></span> (escludendo<span class=\"_ _0\"></span> gli Stati Uniti d'Americ<span class=\"_ _0\"></span>a ed altri paesi selez<span class=\"_ _0\"></span>ionati). La quotazione delle o<span class=\"_ _0\"></span>bbligazioni \u00e8 avve<span class=\"_ _1\"></span>nuta sul<span class=\"_ _1\"></span> sist<span class=\"_ _1\"></span>ema mul<span class=\"_ _1\"></span>tilatera<span class=\"_ _1\"></span>le di<span class=\"_ _1\"></span> negozi<span class=\"_ _1c\"></span>azione, co<span class=\"_ _1\"></span>me defi<span class=\"_ _1c\"></span>nito <span class=\"ls0 ws9c\">ai sensi della Dirett<span class=\"_ _0\"></span>iva </span>2014<span class=\"_ _1\"></span>/65/U<span class=\"_ _1\"></span>E (m<span class=\"_ _1c\"></span>ultila<span class=\"_ _1\"></span>tera<span class=\"_ _1\"></span>l tradi<span class=\"_ _1c\"></span>ng faci<span class=\"_ _1\"></span>lity<span class=\"_ _1\"></span>, o M<span class=\"_ _1\"></span>TF),<span class=\"_ _1c\"></span> denomi<span class=\"_ _1\"></span>nato<span class=\"_ _1\"></span> \u201cGl<span class=\"_ _1\"></span>obal E<span class=\"_ _1\"></span>xcha<span class=\"_ _1c\"></span>nge Mar<span class=\"_ _1\"></span>ket\u201d<span class=\"_ _1c\"></span>, gesti<span class=\"_ _1\"></span>to da E<span class=\"_ _1\"></span>uronex<span class=\"_ _1c\"></span>t Dubli<span class=\"_ _1\"></span>n. All<span class=\"_ _1c\"></span>e obblig<span class=\"_ _1c\"></span>azioni<span class=\"_ _1\"></span> \u00e8 sta<span class=\"_ _1\"></span>to ass<span class=\"_ _1\"></span>egna<span class=\"_ _1\"></span>to un <span class=\"_ _1\"></span>rati<span class=\"_ _1\"></span>ng pari<span class=\"_ _1c\"></span> a BBB da<span class=\"_ _1\"></span> par<span class=\"_ _1\"></span>te di <span class=\"_ _1\"></span>Fitch<span class=\"_ _1c\"></span> Rati<span class=\"_ _1\"></span>ngs L<span class=\"_ _1\"></span>td..<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Nella tabe<span class=\"_ _0\"></span>lla seguente si riassumono le prin<span class=\"_ _0\"></span>cipali caratteristich<span class=\"_ _0\"></span>e dello strumento:<span class=\"ls1 ws1\"> </span><table class=\"s wb18 h4b1\" id=\"_f95d0851-e5a0-47dd-906d-09b91a81bd61\"><tr><td class=\"c xca5 y3849 wb19 h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls37f ws689\">Emi<span class=\"_ _1\"></span>ttente<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca6 y3849 wb1a h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls380 ws68a\">Co<span class=\"_ _1\"></span>dic<span class=\"_ _1c\"></span>e ISIN<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca7 y384a w1c0 h27f\"><div class=\"t m56 x16 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68b\">Mercat<span class=\"_ _0\"></span>o di </div></td><td class=\"c xca8 y3849 wb1b h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls383 ws68d\">Rati<span class=\"_ _0\"></span>ng<span class=\"_ _4ac\"> </span></div></td><td class=\"c xca9 y3849 wb1c h491\"><div class=\"t m56 x1fa h280 y376e ff2 fs76 fc0 sc0 ls384 ws68e\">Valut<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaa y384a w1c1 h27f\"><div class=\"t m56 x58 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68f\">Valore </div></td><td class=\"t m56 xcab h280 y384b ff2 fs76 fc0 sc0 ls385 ws691\">Valore IA<span class=\"_ _0\"></span>S d<span class=\"_ _0\"></span>i </td><td class=\"c xcac y384a w185 h27f\"><div class=\"t m56 x162 h280 y24af ff2 fs76 fc0 sc0 ls382 ws68c\">Ce<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcad y384a w1c3 h27f\"><div class=\"t m56 x81 h280 y24b0 ff2 fs76 fc0 sc0 ls381 ws68f\">Dat<span class=\"_ _0\"></span>a </div></td></tr><tr><td></td><td></td><td class=\"c xca7 y384a w1c0 h27f\"><div class=\"t m56 xf7 h280 y24b1 ff2 fs76 fc0 sc0 ls382 ws68c\">q<span class=\"_ _0\"></span>uot<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> </div></td><td></td><td></td><td class=\"c xcaa y384a w1c1 h27f\"><div class=\"t m56 x55 h280 y24b1 ff2 fs76 fc0 sc0 ls385 ws690\">Nominle<span class=\"_ _4ac\"> </span></div></td><td class=\"t m56 xcae h280 y384c ff2 fs76 fc0 sc0 ls385 ws690\">bilancio<span class=\"_ _4ac\"> </span></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 x5a h280 y24b4 ff1 fs76 fc0 sc0 ls386 ws68f\">Annua<span class=\"_ _0\"></span>le  </div></td><td class=\"c xcad y384a w1c3 h27f\"><div class=\"t m56 x60 h280 y24b1 ff2 fs76 fc0 sc0 ls386 ws692\">scad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3774 wb1d h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws693\">Anima H<span class=\"_ _0\"></span>olding S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb0 y3774 wb1e h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">X<span class=\"_ _0\"></span>S2331921390<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb1 y3774 wb1f h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls387 ws695\">MTF<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb2 y3774 wb20 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls389 ws696\">BBB<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb3 y3774 wb21 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls386 ws692\">Euro<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb4 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">300.000<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb5 y3774 wb22 h491\"><div class=\"t m56 x1fa h280 y376e ff1 fs76 fc0 sc0 ls388 ws694\">301.793<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 xf7 h280 y24b5 ff1 fs76 fc0 sc0 ls38a ws698\">ta<span class=\"_ _1c\"></span>sso fi<span class=\"_ _1\"></span>sso </div></td><td class=\"c xcac y384e w185 h282\"><div class=\"t m56 xb0 h280 y24b8 ff1 fs76 fc0 sc0 ls388 ws694\">22/04/2028<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xcaf y384d w1c3 h281\"><div class=\"t m56 x81 h280 y24b6 ff1 fs76 fc0 sc0 ls388 ws694\">1,5%<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>In merito a ulter<span class=\"_ _0\"></span>iori clausole correlate<span class=\"_ _0\"></span> all\u2019indebitamento del Gruppo, si rinvia<span class=\"_ _0\"></span> alla \u201cRelazione sul gove<span class=\"_ _1\"></span>rno soc<span class=\"_ _1\"></span>ieta<span class=\"_ _1\"></span>rio e g<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>asset<span class=\"_ _1\"></span>ti pr<span class=\"_ _1\"></span>oprieta<span class=\"_ _1c\"></span>ri\u201d <span class=\"ls1 ws1\">- <span class=\"_ _0\"></span><span class=\"ls0 ws76\">disponibile<span class=\"_ _0\"></span> sul sito internet della Societ\u00e0 (sez<span class=\"_ _0\"></span>ione </span></span>C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ra<span class=\"_ _1c\"></span>te<span class=\"_ _13\"></span> <span class=\"_ _0\"></span><span class=\"ls33 wsb6\">G<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span>)<span class=\"ff1 ls1 ws1\"> <span class=\"_ _13\"></span><span class=\"lse ws92\">redatta sulla<span class=\"_ _0\"></span> base di quanto pre<span class=\"_ _0\"></span>visto dall\u2019art<span class=\"_ _0\"></span>. 123</span>-<span class=\"ls0 ws54\">bis del TUF, ai sensi </span></span></span>del q<span class=\"_ _1\"></span>uale g<span class=\"_ _1\"></span>li e<span class=\"_ _1\"></span>mitt<span class=\"_ _1\"></span>enti d<span class=\"_ _1\"></span>evon<span class=\"_ _1\"></span>o annua<span class=\"_ _1\"></span>lm<span class=\"_ _1\"></span>ente f<span class=\"_ _1\"></span>ornire<span class=\"_ _1c\"></span> al merca<span class=\"_ _1c\"></span>to una se<span class=\"_ _1c\"></span>rie di i<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>zioni<span class=\"_ _1c\"></span>, dettagliatamente individuate dalla norma in oggetto.<span class=\"ls1 ws1\"> </span>Gestione <span class=\"_ _0\"></span>liquidit\u00e0 <span class=\"_ _0\"></span>aziendale: ec<span class=\"_ _0\"></span>cedenza risor<span class=\"_ _0\"></span>se finanziarie<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>In materia di ges<span class=\"_ _0\"></span>tione della liqu<span class=\"_ _0\"></span>idit\u00e0 azien<span class=\"_ _0\"></span>dale, le societ\u00e0 del Gru<span class=\"_ _0\"></span>ppo investono le ecce<span class=\"_ _0\"></span>denze di risorse finanziar<span class=\"_ _0\"></span>ie in (i) OICR, prevalentemente in OICVM e in FIA chiusi riservati istituiti e/o gesti<span class=\"_ _1c\"></span>ti da soci<span class=\"_ _1c\"></span>et\u00e0 pri<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>alme<span class=\"_ _1\"></span>nte ap<span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>tenen<span class=\"_ _1\"></span>ti al G<span class=\"_ _1\"></span>ruppo A<span class=\"_ _1c\"></span>ni<span class=\"ls0 ws7e\">ma, (ii) in e<span class=\"_ _0\"></span>missioni governat<span class=\"_ _0\"></span>ive a </span>breve termine in<span class=\"_ _0\"></span> Euro e (iii) in depositi bancari e po<span class=\"_ _0\"></span>stali a vista (\u201c<span class=\"ff5 ls40 wsae\">ti<span class=\"_ _1c\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>i<span class=\"_ _1c\"></span>t\u201d)<span class=\"_ _1\"></span><span class=\"ff1 ls1 ws1\">. </span></span>I rischi finanziari del port<span class=\"_ _0\"></span>afoglio di propriet\u00e0 sono gestiti attraver<span class=\"_ _0\"></span>so la d<span class=\"_ _1\"></span>efin<span class=\"_ _0\"></span>izione di limitazioni operative finalizz<span class=\"_ _0\"></span>ate alla mitigazione del rischio che tale portafoglio pu\u00f2 assumere. Tali limitazion<span class=\"_ _0\"></span>i sono espresse (i) in te<span class=\"_ _0\"></span>rmini di tipo<span class=\"_ _0\"></span>logie di investimenti am<span class=\"_ _0\"></span>messi, (ii) in t<span class=\"_ _0\"></span>ermini di ammontare e (iii) in termin<span class=\"_ _0\"></span>i di limite massimo di rischio (identificato<span class=\"_ _0\"></span> come volatilit\u00e0) che pu\u00f2 esser<span class=\"_ _1\"></span>e assu<span class=\"_ _1\"></span>nto.<span class=\"ls1 ws1\"> </span>I Consigli di Am<span class=\"_ _0\"></span>ministrazione de<span class=\"_ _0\"></span>lle societ\u00e0 del Gruppo An<span class=\"_ _0\"></span>ima deliberano annualmente<span class=\"_ _0\"></span> in merito alle car<span class=\"_ _0\"></span>atteristiche ed ai limit<span class=\"_ _0\"></span>i operativi riguardant<span class=\"_ _0\"></span>i gli investimenti in<span class=\"_ _0\"></span> strumenti finanziari e<span class=\"_ _0\"></span>d in depositi ban<span class=\"_ _0\"></span>cari e/o postali.<span class=\"_ _0\"></span> L\u2019attivit\u00e0 di co<span class=\"_ _0\"></span>ntrollo \u00e8 svo<span class=\"_ _0\"></span>lta dalle funzioni di Risk Man<span class=\"_ _0\"></span>agement preposte<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span>L\u2019inv<span class=\"_ _1c\"></span>estime<span class=\"_ _1\"></span>nto i<span class=\"_ _1\"></span>n OIC<span class=\"_ _1\"></span>VM \u00e8 <span class=\"_ _1c\"></span>rappres<span class=\"_ _1c\"></span>entato<span class=\"_ _1\"></span> da <span class=\"_ _1\"></span>prodo<span class=\"_ _1\"></span>tti i<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uiti <span class=\"_ _1\"></span>e/o g<span class=\"_ _1\"></span>esti<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>al Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _1\"></span> Ani<span class=\"_ _1\"></span>ma, selezionat<span class=\"_ _0\"></span>i secondo gli obiettivi di rendimento ed i lim<span class=\"_ _0\"></span>iti di rischio stabiliti dai rispett<span class=\"_ _0\"></span>ivi Consigli di Amministra<span class=\"_ _0\"></span>zione di ciascuna societ\u00e0. Tale tipolo<span class=\"_ _0\"></span>gia di i<span class=\"ls35 ws114\">nvestime<span class=\"_ _0\"></span>nto \u00e8 caratt<span class=\"_ _0\"></span>erizzat<span class=\"_ _0\"></span>a da un </span>elevato<span class=\"_ _0\"></span> livello di liquidit\u00e0 e<span class=\"_ _0\"></span> dal ridotto<span class=\"_ _0\"></span> rischio diretto di cr<span class=\"_ _0\"></span>edito, in qu<span class=\"_ _0\"></span>anto gli OICVM detenut<span class=\"_ _0\"></span>i hann<span class=\"_ _1\"></span>o un p<span class=\"_ _1\"></span>ropri<span class=\"_ _1c\"></span>o patri<span class=\"_ _1\"></span>monio s<span class=\"_ _1c\"></span>eparato<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>I rischi finanziari derivanti da questa tipologia di invest<span class=\"_ _0\"></span>imento sono riconducibili essenzialment<span class=\"_ _0\"></span>e al rischio di mercato degli investimenti e<span class=\"_ _0\"></span>ffettuati, che risulta comunque compatibile con il profilo prudente che caratteriz<span class=\"_ _0\"></span>za la strategia di investimento della liquidit<span class=\"_ _0\"></span>\u00e0 azien<span class=\"_ _0\"></span>dale del Gruppo Anim<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span>I rischi de<span class=\"_ _0\"></span>rivanti dall\u2019in<span class=\"_ _0\"></span>vestimento in OICV<span class=\"_ _0\"></span>M sono monitorati me<span class=\"_ _0\"></span>diante la verific<span class=\"_ _0\"></span>a del rispetto dei limiti deliberati dai rispettiv<span class=\"_ _0\"></span>i Consigli di A<span class=\"_ _1\"></span>mministr<span class=\"_ _0\"></span>azione. In particolare, i limiti di rischio stabiliti in termini di volatilit\u00e0<span class=\"_ _0\"></span> sono m<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>itorati con il <span class=\"_ _1\"></span><span class=\"ls31 ws84\">mode<span class=\"_ _0\"></span>llo di risch<span class=\"_ _0\"></span>io in uso pres<span class=\"_ _0\"></span>so la societ<span class=\"_ _0\"></span>\u00e0 </span>cont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ata A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>SGR. P<span class=\"_ _1\"></span>er q<span class=\"_ _1\"></span>uant<span class=\"_ _1\"></span>o sop<span class=\"_ _1\"></span>ra, u<span class=\"_ _1\"></span>nitame<span class=\"_ _1c\"></span>nte alla<span class=\"_ _1\"></span> nat<span class=\"_ _1\"></span>ura div<span class=\"_ _1c\"></span>ersifica<span class=\"_ _1c\"></span>ta deg<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> investimenti in OICVM, il Gru<span class=\"_ _0\"></span>ppo Anima non ritiene rappresentativa l\u2019an<span class=\"_ _0\"></span>alisi di sensitivit\u00e0 rispetto a<span class=\"_ _0\"></span>i rischi di mercato a cui <span class=\"ls32 ws58\">\u00e8 es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a.<span class=\"ls1 ws1\"> </span></span>Gli invest<span class=\"_ _0\"></span>imenti in emissioni governative in Euro sono<span class=\"_ _0\"></span> rappresentati da titoli emes<span class=\"_ _0\"></span>si dallo Stato italiano<span class=\"_ _0\"></span> (Buoni Ordinari del Tesoro<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">- </span>\u201cBOT\u201d) c<span class=\"_ _0\"></span>on duration massima di 12 mes<span class=\"_ _0\"></span>i. I rischi deriv<span class=\"_ _0\"></span>anti da tale in<span class=\"_ _0\"></span>vestimento sono monitorati mediante<span class=\"_ _0\"></span> la verifica del<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span></span>rispetto dei limit<span class=\"_ _0\"></span>i deliberati dal Consiglio di Amministr<span class=\"_ _0\"></span>azione. In particolare, i limit<span class=\"_ _0\"></span>i di rischio stabiliti in termini di volatilit<span class=\"_ _0\"></span>\u00e0 sono moni<span class=\"_ _1\"></span>torati a<span class=\"_ _1c\"></span>nche i<span class=\"_ _1\"></span>n quest<span class=\"_ _1\"></span>o cas<span class=\"_ _1c\"></span>o con il m<span class=\"_ _1\"></span>odell<span class=\"_ _1c\"></span>o di rischi<span class=\"_ _1c\"></span>o in uso<span class=\"_ _1\"></span> press<span class=\"_ _1c\"></span>o Anima <span class=\"_ _1\"></span>SGR.<span class=\"_ _4ac\"> </span> <span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Il Gr<span class=\"_ _1\"></span>uppo A<span class=\"_ _1c\"></span>nima pu<span class=\"_ _1\"></span>\u00f2 inol<span class=\"_ _1\"></span>tre i<span class=\"_ _1\"></span>nvesti<span class=\"_ _1c\"></span>re nei <span class=\"_ _1\"></span>FIA chi<span class=\"_ _1\"></span>usi ri<span class=\"_ _1\"></span>serv<span class=\"_ _1\"></span>ati i<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuiti e/<span class=\"_ _1c\"></span>o gestiti<span class=\"_ _1\"></span> pri<span class=\"_ _1\"></span>ncipa<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte<span class=\"_ _1c\"></span> da societ<span class=\"_ _0\"></span>\u00e0 appartenent<span class=\"_ _0\"></span>i al Gruppo Anim<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\">-<span class=\"ls30 ws191\">Gr<span class=\"_ _1c\"></span>u<span class=\"_ _0\"></span>ppo B<span class=\"_ _1\"></span>anco BPM<span class=\"_ _1c\"></span>. Viste le cara<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>te<span class=\"_ _1\"></span>risti<span class=\"_ _1\"></span>che, </span></span>specialmente<span class=\"_ _0\"></span> in termini di illiquidit<span class=\"_ _0\"></span>\u00e0, di quest<span class=\"_ _0\"></span>a tipologia di invest<span class=\"_ _0\"></span>ime<span class=\"ls31 wsa9\">nti, l\u2019<span class=\"_ _0\"></span>ammonta<span class=\"_ _0\"></span>re ad e<span class=\"_ _0\"></span>ssi </span>destinato<span class=\"_ _0\"></span> viene autorizzato specificatament<span class=\"_ _0\"></span>e dai rispettivi Consigli di Am<span class=\"_ _0\"></span>ministrazione. Dal punto di vist<span class=\"_ _0\"></span>a della liquidit\u00e0,<span class=\"_ _0\"></span> tale tipologia di in<span class=\"_ _0\"></span>vestimenti \u00e8<span class=\"_ _0\"></span> caratterizzata infatt<span class=\"_ _0\"></span>i da un orizzonte tempo<span class=\"_ _1\"></span>rale<span class=\"_ _1\"></span> di lu<span class=\"_ _1\"></span>ngo p<span class=\"_ _1\"></span>eriod<span class=\"_ _1\"></span>o, senz<span class=\"_ _1\"></span>a <span class=\"ls0 ws74\">la possibilit\u00e0 di richieder<span class=\"_ _0\"></span>e un rimborso anticipato rispetto </span>alla sc<span class=\"_ _0\"></span>adenz<span class=\"_ _0\"></span>a del fondo.<span class=\"_ _0\"></span> Nell\u2019am<span class=\"_ _0\"></span>bito del r<span class=\"_ _0\"></span>ischio di merc<span class=\"_ _0\"></span>ato, per qu<span class=\"_ _0\"></span>esti st<span class=\"_ _0\"></span>rumenti<span class=\"_ _0\"></span> rappresent<span class=\"_ _0\"></span>a<span class=\"_ _4ac\"> </span>un elemento mitigante l\u2019esposizione<span class=\"_ _0\"></span> minoritaria a investimenti di natura azionaria e la strategia di investimento<span class=\"_ _0\"></span> di lungo periodo, ch<span class=\"_ _0\"></span>e viene riflessa anche<span class=\"_ _0\"></span> nella valorizzazione<span class=\"_ _0\"></span> dei sottostanti. Pu\u00f2 es<span class=\"_ _0\"></span>sere rilevante<span class=\"_ _0\"></span> la pre<span class=\"_ _0\"></span>senza del ris<span class=\"_ _0\"></span>chio di c<span class=\"_ _0\"></span>redito nei <span class=\"_ _0\"></span>c<span class=\"lsf ws6e\">onf<span class=\"_ _1\"></span>ronti<span class=\"_ _1\"></span> del<span class=\"_ _1\"></span>le soc<span class=\"_ _1\"></span>iet\u00e0<span class=\"_ _1\"></span> che v<span class=\"_ _1\"></span>engo<span class=\"_ _1\"></span>no </span>fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>te da<span class=\"_ _1\"></span> que<span class=\"_ _1\"></span>sti s<span class=\"_ _1c\"></span>trumenti<span class=\"_ _1c\"></span> di in<span class=\"_ _1\"></span>vesti<span class=\"_ _1c\"></span>mento: l<span class=\"_ _1\"></span>a mi<span class=\"_ _1c\"></span>tigazi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>vvie<span class=\"_ _1\"></span>ne p<span class=\"_ _1\"></span>rinc<span class=\"_ _1\"></span>ipal<span class=\"_ _1\"></span>ment<span class=\"_ _1c\"></span>e tramit<span class=\"_ _1\"></span>e tecniche di dive<span class=\"_ _0\"></span>rsificazione im<span class=\"_ _0\"></span>plementate dal ges<span class=\"_ _0\"></span>tore dei FI<span class=\"_ _0\"></span>A e un\u2019attenta f<span class=\"_ _0\"></span>ase di analisi prev<span class=\"_ _1\"></span>entiva.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>Infi<span class=\"_ _1\"></span>ne,<span class=\"ls1 ws1\"> <span class=\"_ _11\"></span><span class=\"ls0 ws99\">gli investiment<span class=\"_ _0\"></span>i in depositi bancari e postali e in eventuali time deposit (quest<span class=\"_ _0\"></span>i ultimi </span></span>sott<span class=\"_ _1\"></span>oscriv<span class=\"_ _1\"></span>ili c<span class=\"_ _1\"></span>on sca<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza n<span class=\"_ _1\"></span>on sup<span class=\"_ _1\"></span>erio<span class=\"_ _1\"></span>re a <span class=\"_ _1\"></span>12 me<span class=\"_ _1\"></span>si) s<span class=\"_ _1\"></span>ono, p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>oro na<span class=\"_ _1c\"></span>tura, ca<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>erizza<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>i da<span class=\"_ _1\"></span> un elevato livello di liqu<span class=\"_ _0\"></span>idit\u00e0 e assenza di rischio di mercato. I rischi<span class=\"ls1 ws1\"> <span class=\"_ _0\"></span></span>finanziari deriv<span class=\"_ _0\"></span>anti da questa tipolo<span class=\"_ _0\"></span>gia di investimento sono sostanzia<span class=\"_ _0\"></span>lmente riconducibili al risch<span class=\"_ _0\"></span>io di credito e sono regolarmente monito<span class=\"_ _0\"></span>rati nonch\u00e9 mitigati anche tramite limiti finaliz<span class=\"_ _0\"></span>zati al frazionamento del rischio.<span class=\"ls1 ws1\"> </span>Attiv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>rie val<span class=\"_ _1c\"></span>utate al<span class=\"_ _1\"></span> fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue co<span class=\"_ _1\"></span>n imp<span class=\"_ _1c\"></span>atto sul<span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>reddi<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 co<span class=\"_ _1\"></span>mples<span class=\"_ _1\"></span>siva<span class=\"_ _1c\"></span><span class=\"ls1 ws1\"> </span>Si segnala che la Societ<span class=\"_ _0\"></span>\u00e0 ha in portafoglio n\u00b0 50.290.691 azioni ordin<span class=\"_ _0\"></span>arie di BMPS, per un valore compless<span class=\"_ _0\"></span>ivo al 31 dicembre 2025 pari a Euro 459,2 milioni.<span class=\"_ _0\"></span> <span class=\"ls1 ws1\"> </span>I titoli azionar<span class=\"_ _0\"></span>i di BMPS sono stati classificati contabilme<span class=\"_ _0\"></span>nte tra le \u201cAttivit\u00e0 fin<span class=\"_ _0\"></span>anziarie valutate al fair value<span class=\"_ _0\"></span> con impatto sulla reddit<span class=\"_ _0\"></span>ivit\u00e0 complessiva\u201d,<span class=\"_ _0\"></span> voce che accoglie gli str<span class=\"_ _0\"></span>umenti finanziari valutati al fa<span class=\"_ _0\"></span>ir value con la rilevazione delle variazion<span class=\"_ _0\"></span>i dello stesso in una specifica ris<span class=\"_ _0\"></span>erva di patri<span class=\"_ _1c\"></span>monio n<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span>, in ba<span class=\"_ _1\"></span>se all<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>evisi<span class=\"_ _1c\"></span>oni cont<span class=\"_ _1\"></span>enute <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>\u2019IFR<span class=\"_ _1\"></span>S 9. Ta<span class=\"_ _1\"></span>le tra<span class=\"_ _1c\"></span>ttament<span class=\"_ _1c\"></span>o contab<span class=\"_ _1\"></span>ile <span class=\"_ _1c\"></span>\u00e8 coerente con la finalit<span class=\"_ _0\"></span>\u00e0 dell\u2019investimento, in<span class=\"_ _0\"></span> quanto tali azioni non sono detenute per finalit\u00e0 di negoziazione e non sono qualif<span class=\"_ _0\"></span>icabili di controllo esclusivo,<span class=\"_ _0\"></span> collegamento e controllo congiunto. La finalit<span class=\"_ _0\"></span>\u00e0 dell\u2019investimento \u00e8 stata de<span class=\"_ _0\"></span>finita dal Consiglio di Amministr<span class=\"_ _0\"></span>azione della Societ\u00e0. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-684": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gsa15\">Sezione 4 <span class=\"ls1 ws1\">\u2013 <span class=\"lsb ws3c\">Informazioni sul patr<span class=\"_ _1\"></span>imonio<span class=\"ff1 fs0 ls1 ws1\"> </span></span></span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gsa16\">4.1 Il patrimonio dell\u2019im<span class=\"_ _1\"></span>presa <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h41 ff5 fs0 fc0 sc0 lsff wsb5 gsa17\">4.1.<span class=\"_ _1\"></span>1 Inform<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zi<span class=\"_ _1c\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i di<span class=\"_ _1\"></span> na<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span> <span class=\"ls11 ws5\">q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>alitat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws8a gsa18\">Il cap<span class=\"_ _1\"></span>itale s<span class=\"_ _1\"></span>ocial<span class=\"_ _1\"></span>e della <span class=\"_ _1\"></span>Socie<span class=\"_ _1\"></span>t\u00e0 al <span class=\"_ _1\"></span>31 dice<span class=\"_ _1\"></span>mbre 2<span class=\"_ _1\"></span>025 \u00e8 i<span class=\"_ _1\"></span>ntera<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> sotto<span class=\"_ _1\"></span>scritt<span class=\"_ _1\"></span>o e ve<span class=\"_ _1\"></span>rsato e ri<span class=\"_ _1c\"></span>sulta </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws85 gsa19\">esser<span class=\"_ _1\"></span>e pari<span class=\"_ _1\"></span> a Eu<span class=\"_ _1\"></span>ro 7.42<span class=\"_ _1c\"></span>1.605,63 d<span class=\"_ _1\"></span>ivis<span class=\"_ _1\"></span>o in n\u00b0<span class=\"_ _1\"></span> 325.<span class=\"_ _1\"></span>215.8<span class=\"_ _1\"></span>17 azi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>rive d<span class=\"_ _1c\"></span>ell\u2019indica<span class=\"_ _1\"></span>zione<span class=\"_ _1c\"></span> del valor<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws28 gsa1a\">nomi<span class=\"_ _1c\"></span>nale. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws5a gsa1b\">Le azi<span class=\"_ _1c\"></span>oni dell<span class=\"_ _1\"></span>a Socie<span class=\"_ _1c\"></span>t\u00e0 sono q<span class=\"_ _1\"></span>uotat<span class=\"_ _1\"></span>e al M<span class=\"_ _1\"></span>ercat<span class=\"_ _1\"></span>o Tele<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>co Azi<span class=\"_ _1\"></span>onari<span class=\"_ _1c\"></span>o organizz<span class=\"_ _1\"></span>ato e <span class=\"_ _1\"></span>gesti<span class=\"_ _1c\"></span>to da </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws19 gsa1c\">Borsa <span class=\"_ _0\"></span>italiana S.p.A. dal 16<span class=\"_ _0\"></span> aprile 2014.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws116 gsa1d\">Si ricorda che in data 17 febbraio 2025 (cfr. com<span class=\"_ _1\"></span>un<span class=\"_ _0\"></span>icato stampa \u201cVariazi<span class=\"_ _1\"></span>one del capitale sociale\u201d </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws147 gsa1e\">del 17 f<span class=\"_ _1c\"></span>ebbraio 20<span class=\"_ _1\"></span>25) \u00e8 <span class=\"_ _1\"></span>avvenu<span class=\"_ _1\"></span>to il dep<span class=\"_ _1c\"></span>osito dell<span class=\"_ _1\"></span>\u2019attes<span class=\"_ _1\"></span>tazion<span class=\"_ _1\"></span>e di emi<span class=\"_ _1\"></span>ssione d<span class=\"_ _1\"></span>i n\u00b0 5.<span class=\"_ _1\"></span>899.8<span class=\"_ _1\"></span>14 nuov<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws18b gsa1f\">azioni<span class=\"_ _1\"></span> ord<span class=\"_ _1\"></span>inari<span class=\"_ _1\"></span>e, god<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>regola<span class=\"_ _1\"></span>re, al<span class=\"_ _1c\"></span> servizi<span class=\"_ _1c\"></span>o del pi<span class=\"_ _1\"></span>ano <span class=\"ls1c ws147\">L<span class=\"_ _1\"></span>TIP 24<span class=\"ls1 ws1\">-<span class=\"_ _1\"></span><span class=\"ls31 ws94\">26<span class=\"_ _0\"></span> per massim<span class=\"_ _0\"></span>i nomina<span class=\"_ _0\"></span>li Euro </span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls35 ws105 gsa20\">129.79<span class=\"_ _0\"></span>5,91, media<span class=\"_ _0\"></span>nte imputaz<span class=\"_ _0\"></span>ione a capit<span class=\"_ _0\"></span>ale di un importo di<span class=\"_ _0\"></span> corrispon<span class=\"_ _0\"></span>dente ammonta<span class=\"_ _0\"></span>re </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws82 gsa21\">tratto dalle<span class=\"_ _0\"></span> riserve disponibili, in esecu<span class=\"_ _0\"></span>zione della delibera di aumento di capitale<span class=\"_ _0\"></span> sociale a titolo </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws9f gsa22\">gratuito<span class=\"_ _0\"></span> approvata dal C<span class=\"_ _0\"></span>onsigl<span class=\"ls30 wsba\">io di A<span class=\"_ _1\"></span>mmini<span class=\"_ _1\"></span>stra<span class=\"_ _1\"></span>zione i<span class=\"_ _1c\"></span>n data 5 f<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>raio 202<span class=\"_ _1\"></span>5 (cf<span class=\"_ _1\"></span>r. com<span class=\"_ _1c\"></span>unicato<span class=\"_ _1c\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c wse4 gsa23\">stamp<span class=\"_ _1\"></span>a \u201cRisul<span class=\"_ _1c\"></span>t<span class=\"_ _0\"></span>ati<span class=\"_ _1\"></span> consol<span class=\"_ _1\"></span>idati p<span class=\"_ _1\"></span>er l\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1\"></span>o 202<span class=\"_ _1\"></span>4\u201d del 5 f<span class=\"_ _1\"></span>ebbrai<span class=\"_ _1\"></span>o 2025)<span class=\"_ _1c\"></span>, in parzial<span class=\"_ _1\"></span>e ese<span class=\"_ _1\"></span>rcizio<span class=\"_ _1c\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsa7 gsa24\">dell\u2019autor<span class=\"_ _0\"></span>izzazione conferita ai sensi dell\u2019art. 2443 C.C. dall\u2019Assemblea Str<span class=\"_ _0\"></span>aordinaria degli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws5 gsa25\">Azi<span class=\"ls1c ws2a\">onisti<span class=\"_ _1\"></span> del 28 marz<span class=\"_ _1\"></span>o 2024.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gsa26\">Si informa che<span class=\"_ _0\"></span> in data 12 febbraio<span class=\"_ _0\"></span> 2025, verificate le<span class=\"_ _0\"></span> Condizioni di Permanenz<span class=\"_ _0\"></span>a, sono state </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gsa27\">attribu<span class=\"_ _0\"></span>ite ai Beneficiari n\u00b0 15.341.544 azioni in relazione ai Piani LTIP 21<span class=\"ls1 ws1\">-<span class=\"ls1c ws102\">23 e LTIP 24</span>-<span class=\"_ _1\"></span><span class=\"ls1d ws7b\">26,<span class=\"_ _0\"></span> con </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gsa28\">l\u2019utilizzo<span class=\"_ _0\"></span> di n\u00b0 9.441.730 azioni propr<span class=\"_ _0\"></span>ie detenute nel portafoglio<span class=\"_ _0\"></span><span class=\"ls1 ws1\"> <span class=\"_ _86\"></span><span class=\"ls1d wsda\">dalla S<span class=\"_ _0\"></span>ociet<span class=\"_ _0\"></span>\u00e0 e n\u00b0 5.8<span class=\"_ _0\"></span>99.814<span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws9e gsa29\">azioni derivanti dal predetto<span class=\"_ _0\"></span> aumento di capitale (cfr. comunicato stampa \u201cVariazione del </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gsa2a\">capitale sociale<span class=\"_ _0\"></span>\u201d del 17 <span class=\"_ _1\"></span>febbra<span class=\"_ _0\"></span>io 2025) (Per maggiori dettagli si rinvia a quanto illustr<span class=\"_ _0\"></span>ato nella </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws116 gsa2b\">\u201cNota integrativa consolidata <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1\"></span><span class=\"ls32 ws5e\">Par<span class=\"_ _0\"></span>te<span class=\"ls1 ws1\"> <span class=\"ls11 ws5\">A <span class=\"_ _1c\"></span><span class=\"ls1 ws1\">- <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">Po<span class=\"_ _0\"></span>litiche contabili <span class=\"ls1 ws1\">\u2013 <span class=\"_ _1c\"></span><span class=\"ls0 wsae\">A.2 Parte relativa alle princ<span class=\"_ _0\"></span>ipali voci </span></span></span></span></span></span></span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gsa2c\">del bilancio<span class=\"_ _0\"></span> <span class=\"ls1 ws1\">\u2013 <span class=\"_ _0\"></span></span>Altre<span class=\"_ _0\"></span> informazioni <span class=\"ls1 ws1\">- <span class=\"_ _13\"></span></span>Long Term Incent<span class=\"_ _0\"></span>ive Plan (\u201cLTIP\u201d) de<span class=\"_ _0\"></span>l Bilancio conso<span class=\"_ _0\"></span>lidato al </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gsa2d\">31 dicembre 2024). Pertanto, alla data di approvazione del presente Bilancio consolidato, l<span class=\"ls32 ws5e\">a </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws1f gsa2e\">Soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _1\"></span>non d<span class=\"_ _1\"></span>etien<span class=\"_ _1\"></span>e azi<span class=\"_ _1c\"></span>oni prop<span class=\"_ _1c\"></span>rie in p<span class=\"_ _1c\"></span>ortafogl<span class=\"_ _1\"></span>io.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wse0 gsa2f\">Sulla base delle comunicazion<span class=\"_ _0\"></span>i rese ai s<span class=\"_ _1\"></span>ensi dell\u2019art<span class=\"_ _0\"></span>. 120 del D.Lgs. n. 58/98 e d<span class=\"_ _1\"></span>elle ulterior<span class=\"_ _0\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb9 gsa30\">informazioni a dis<span class=\"_ _0\"></span>posizione della Societ<span class=\"_ _0\"></span>\u00e0, </div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ec ws69c gsa31\">alla <span class=\"_ _1\"></span>data di<span class=\"_ _1\"></span> approvaz<span class=\"_ _1\"></span>ione de<span class=\"_ _1\"></span>l proget<span class=\"_ _1\"></span>to di <span class=\"_ _1\"></span>Bilancio d<span class=\"_ _1\"></span>a </div><div class=\"t m0 h1ae ff1 fs3c fc0 sc0 ls1ee ws69d gsa32\">parte del <span class=\"_ _0\"></span>Consiglio di Ammin<span class=\"_ _0\"></span>istrazione,</div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1 ws1 gsa33\"> <span class=\"_ _0\"></span><span class=\"ls0 ws76\">l\u2019azionista detentor<span class=\"_ _0\"></span>e di partecipazioni rilev<span class=\"_ _0\"></span>anti in Anima </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1d wse4 gsa34\">Hol<span class=\"_ _0\"></span>ding (soc<span class=\"_ _0\"></span>i che part<span class=\"_ _0\"></span>ecipa<span class=\"_ _0\"></span>no dire<span class=\"_ _0\"></span>ttamen<span class=\"_ _0\"></span>te o indi<span class=\"_ _0\"></span>retta<span class=\"_ _0\"></span>mente in m<span class=\"_ _0\"></span>isura<span class=\"_ _0\"></span> super<span class=\"_ _0\"></span>iore al 3% del </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa35\">capitale so<span class=\"_ _0\"></span>ciale ovvero 5% per le<span class=\"_ _0\"></span> c.d. \u201cpartecipazion<span class=\"_ _0\"></span>i gestite\u201d), risult<span class=\"_ _0\"></span>a essere Banco BPM, anche </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gsf5\">per <span class=\"_ _0\"></span>il t<span class=\"ls1c ws2a\">ramit<span class=\"_ _1\"></span>e di BBPM Vi<span class=\"_ _1\"></span>ta, con l\u201989<span class=\"_ _1\"></span>,949%<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gsa36\">Anima Holding non ha emesso azioni di godimento, obbligazion<span class=\"_ _0\"></span>i convertibili in azioni, n\u00e9 titoli </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa37\">o valori similar<span class=\"_ _0\"></span>i.<span class=\"ls1 ws1\"> </span></div>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>rm<span class=\"_ _11\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span>i d<span class=\"_ _13\"></span>i n<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>a<span class=\"ls1 ws1\"> </span>4.<span class=\"_ _d\"></span>1.<span class=\"_ _1c\"></span>2.<span class=\"_ _1\"></span>1 P<span class=\"_ _1\"></span>a<span class=\"_ _d\"></span>tr<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>m<span class=\"_ _0\"></span>oni<span class=\"_ _d\"></span>o de<span class=\"_ _0\"></span>l<span class=\"_ _1c\"></span>l<span class=\"_ _1c\"></span>\u2019<span class=\"_ _1\"></span>i<span class=\"_ _d\"></span>m<span class=\"_ _0\"></span>pr<span class=\"_ _1c\"></span>e<span class=\"_ _0\"></span>sa<span class=\"_ _d\"></span>: c<span class=\"_ _1c\"></span>om<span class=\"_ _0\"></span>posi<span class=\"_ _d\"></span>zi<span class=\"_ _d\"></span>one<span class=\"ls1 ws1\"> </span><table class=\"s wb2d h4b5\" id=\"_9d288054-3d83-4913-9a08-6475cdfe5c75\"><tr><td class=\"c xcc2 y385b w1c4 h284\"><div class=\"t m6b x24 h285 y2544 ff2 fs77 fc0 sc0 ls38f ws69f\">Voci<span class=\"_ _0\"></span>/Va<span class=\"_ _0\"></span>lor<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc3 y385d wb2e h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc4 y385d wb2f h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024 (<span class=\"_ _0\"></span>*<span class=\"_ _0\"></span>)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y385e wb30 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">1. Cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc6 y385e wb31 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">7.<span class=\"_ _0\"></span>422<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc7 y385e wb31 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y385f wb32 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">2. Sovrappre<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>i di e<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc8 y385f wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">787.<span class=\"_ _0\"></span>652<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcc9 y385f wb34 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">787.652<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3860 wb35 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a1\">3.<span class=\"_ _15\"> </span>Ri<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcca y3860 wb36 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">629.645<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccb y3860 wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">590.<span class=\"_ _0\"></span>732<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3861 wb37 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- di u<span class=\"_ _1\"></span>tili<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccc y3861 wb38 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">726.420<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccd y3861 wb38 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">683.958<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcce y3862 wb39 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls394 ws6a5\">a) leg<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xccf y3862 wb3a h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">1.484<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd0 y3862 wb3a h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">1.458<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcce y3863 wb3b h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">d) altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd1 y3863 wb3c h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">724.934<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd2 y3863 wb3c h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">682.500<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3864 wb3d h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- altre<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd3 y3864 wb3e h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(96.<span class=\"_ _0\"></span>775)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd4 y3864 wb3f h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(<span class=\"_ _0\"></span>93.226)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"t m6c xcd5 h287 y3865 ff2 fs78 fc0 sc0 ls395 ws6a6\">4.<span class=\"ff2b\"> </span><span class=\"ws6a7\">Azioni proprie<span class=\"_ _4ac\"> </span></span></td><td class=\"c xcd6 y3866 wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd7 y3866 wb41 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">(<span class=\"_ _0\"></span>44.<span class=\"_ _0\"></span>529)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3867 wb42 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls396 ws6a8\">5.<span class=\"_ _1f\"> </span>Rise<span class=\"_ _0\"></span>rve da valutaz<span class=\"_ _0\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd8 y3867 wb36 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">201.217<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcd9 y3867 wb43 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">91.<span class=\"_ _0\"></span>913<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3868 wb44 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- Titoli d<span class=\"_ _1\"></span>i c<span class=\"_ _0\"></span>apitale d<span class=\"_ _1\"></span>esig<span class=\"_ _0\"></span>nati al fair value<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>on impatto sulla redditivit\u00e0 comples<span class=\"_ _0\"></span>siva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcda y3868 wb45 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">201.<span class=\"_ _0\"></span>111<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdb y3868 wb46 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">92.148<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y3869 wb47 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls392 ws6a3\">- Utili/per<span class=\"_ _1\"></span>dite attuar<span class=\"_ _1\"></span>iali relativi a pian<span class=\"_ _1\"></span>i previde<span class=\"_ _1\"></span>nziali a b<span class=\"_ _1\"></span>enefici definiti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdc y3869 wb48 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">106<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdd y3869 wb49 h47b\"><div class=\"t m6b x1fa h285 y385c ff1 fs77 fc0 sc0 ls393 ws6a4\">(<span class=\"_ _0\"></span>235)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y386a wb4a h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">6. Str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nti d<span class=\"_ _0\"></span>i capit<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcde y386a wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcdf y386a wb40 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y386b wb4b h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls391 ws6a2\">7. Utile<span class=\"_ _0\"></span> (p<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>) d<span class=\"_ _0\"></span>'eserciz<span class=\"_ _0\"></span>io<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce0 y386b wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">266.<span class=\"_ _0\"></span>692<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce1 y386b wb33 h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">229.<span class=\"_ _0\"></span>900<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c xcc5 y345e wb4c h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls38f ws69f\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce2 y345e wb4d h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">1.<span class=\"_ _0\"></span>892.<span class=\"_ _13\"></span>628<span class=\"_ _4ac\"> </span></div></td><td class=\"c xce3 y345e wb4e h47b\"><div class=\"t m6b x1fa h285 y385c ff2 fs77 fc0 sc0 ls390 ws6a0\">1.<span class=\"_ _0\"></span>662.<span class=\"_ _0\"></span>959<span class=\"_ _4ac\"> </span></div></td></tr></table>(*) D<span class=\"_ _13\"></span>ati re<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span>d p<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>r e<span class=\"_ _13\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>la<span class=\"_ _1\"></span> P<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>A<span class=\"_ _13\"></span> di<span class=\"_ _0\"></span> K<span class=\"_ _0\"></span>airo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> S<span class=\"_ _13\"></span>G<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span> de<span class=\"_ _13\"></span>lla P<span class=\"_ _0\"></span>PA<span class=\"_ _13\"></span> ri<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>v<span class=\"_ _0\"></span>ata da V<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a S<span class=\"_ _0\"></span>rl, s<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ia a qu<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> e<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _13\"></span> ne<span class=\"_ _13\"></span>lla N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"ls1 ws1\"> <span class=\"_ _1\"></span><span class=\"ls38d ws69e\">i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>a </span></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a, P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> A<span class=\"_ _13\"></span> <span class=\"ls1 ws1\">- <span class=\"ls16 ws1f0\">P<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> Co<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili, A<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>re<span class=\"_ _13\"></span> In<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>azio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>aragrafo<span class=\"_ _13\"></span> \"R<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _13\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>nt<span class=\"_ _0\"></span> B<span class=\"_ _0\"></span>ilan<span class=\"_ _0\"></span>cio<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span>024<span class=\"_ _0\"></span>\"</span> </span>Si ricorda che<span class=\"_ _0\"></span> l\u2019Assemblea degli Azionist<span class=\"_ _0\"></span>i della Societ\u00e0,<span class=\"_ _0\"></span> in data 31 marzo 2025, ha deliberato la distribuzion<span class=\"_ _0\"></span>e di un dividendo, pari ad Euro<span class=\"_ _0\"></span> 0,45 per azione (con esc<span class=\"_ _0\"></span>lusione delle azioni proprie detenute dalla Societ\u00e0), che \u00e8<span class=\"_ _0\"></span> stato pagato a <span class=\"_ _0\"></span>partire dal 19 maggio 2025 (stacco <span class=\"_ _0\"></span>della cedola n\u00b0 12 il <span class=\"_ _1\"></span>19 magg<span class=\"_ _1\"></span>io 202<span class=\"_ _1c\"></span>5 e record d<span class=\"_ _1\"></span>ate il<span class=\"_ _1\"></span> 20 mag<span class=\"_ _1\"></span>gio 20<span class=\"_ _1\"></span>25).<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _4ac\"> </span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> R<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _0\"></span>a v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span> al f<span class=\"_ _13\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>att<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span> s<span class=\"_ _13\"></span>u<span class=\"_ _13\"></span>lla re<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _0\"></span>a: c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _13\"></span>izio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span><table class=\"s wb23 h4b3\" id=\"_63612a20-78ce-4b13-b907-22e1b501145f\"><tr><td></td><td class=\"c xcb6 y3855 w1c8 h205\"><div class=\"t m6e xa4 h28b y2567 ff2 fs7a fc0 sc0 ls398 ws6ad\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcb7 y3855 w1c9 h205\"><div class=\"t m6e xf h28b y2567 ff2 fs7a fc0 sc0 ls398 ws6ad\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </div></td><td></td></tr><tr><td class=\"c x622 y3856 w1c5 h288\"><div class=\"t m6d x24 h289 y2557 ff2 fs79 fc0 sc0 ls397 ws6aa\">At<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ivit\u00e0/Valori<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb6 y3857 w1c8 h28c\"><div class=\"t m6e x0 h28b y1e74 ff2 fs7a fc0 sc0 ls39d ws6b1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcb7 y3857 w1c9 h28c\"><div class=\"t m6e x12 h28b y1e74 ff2 fs7a fc0 sc0 ls39d ws6b1\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x622 y3858 w1c5 h28a\"><div class=\"t m6e x174 h28b y2559 ff2 fs7a fc0 sc0 ls398 ws6ab\">Ris<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>it<span class=\"_ _13\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb8 y3858 w1c6 h28a\"><div class=\"t m6e x16b h28b y255a ff2 fs7a fc0 sc0 ls399 ws6ac\">Riserva </div></td><td class=\"c xcb7 y3858 w1c7 h28a\"><div class=\"t m6e x71 h28b y255a ff2 fs7a fc0 sc0 ls399 ws6ac\">Riserva </div></td><td class=\"c xcb9 y3858 w1c6 h28a\"><div class=\"t m6e x16b h28b y255a ff2 fs7a fc0 sc0 ls399 ws6ac\">Riserva </div></td></tr><tr><td></td><td></td><td class=\"c xcb8 y3858 w1c6 h28a\"><div class=\"t m6e x13f h28b y255b ff2 fs7a fc0 sc0 ls398 ws6ad\">ne<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb7 y3858 w1c7 h28a\"><div class=\"t m6e x13f h28b y255b ff2 fs7a fc0 sc0 ls398 ws6ad\">p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>va<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcb9 y3858 w1c6 h28a\"><div class=\"t m6e x13f h28b y255b ff2 fs7a fc0 sc0 ls398 ws6ad\">ne<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iva<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y372c wb24 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">1.<span class=\"_ _4ac\"> </span></div><div class=\"t m6e x8d4 h28b y3859 ff1 fs7a fc0 sc0 ls39b ws6af\">Titoli di de<span class=\"_ _1\"></span>bito<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y353a wb25 h4b4\"><div class=\"t m6e x1fa h28b y385a ff1 fs7a fc0 sc0 ls39a ws6ae\">2.<span class=\"_ _4ac\"> </span></div><div class=\"t m6e x8d4 h28b y3859 ff1 fs7a fc0 sc0 ls39b ws6af\">Titoli di capitale<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcba y353a wb26 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">201.<span class=\"_ _0\"></span>111<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcbb y353a wb27 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">92.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c x212 y353b wb28 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc0 sc0 ls39a ws6ae\">3.<span class=\"_ _4ac\"> </span></div><div class=\"t m6e x8d4 h28b y3859 ff1 fs7a fc0 sc0 ls39c ws6b0\">Finanzia<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>enti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcbc y353b wb29 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcbd y353b wb29 h441\"><div class=\"t m6e x1fa h28b y3859 ff1 fs7a fc1 sc0 ls1 ws1\">0<span class=\"_ _4ac\"> </span></div></td><td></td></tr><tr><td class=\"c xcbe y345e wb2a h441\"><div class=\"t m6e x1fa h28b y3859 ff2 fs7a fc0 sc0 ls398 ws6ad\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4ac\"> </span></div></td><td class=\"c xcbf y345e wb2b h441\"><div class=\"t m6e x1fa h28b y3859 ff2 fs7a fc0 sc0 ls39d ws6b1\">201.<span class=\"_ _0\"></span>111<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xcc0 y345e wb2c h441\"><div class=\"t m6e x1fa h28b y3859 ff2 fs7a fc0 sc0 ls39d ws6b1\">92.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span></div></td><td></td></tr></table>Nella tabella sopra e<span class=\"_ _0\"></span>sposta, la voce \u201c2.<span class=\"_ _0\"></span> Titoli di capitale<span class=\"_ _0\"></span>\u201d accoglie la var<span class=\"_ _0\"></span>iazione del fair<span class=\"_ _0\"></span> value al 31 dicembre 2025 dei t<span class=\"_ _0\"></span>itoli azionari BMPS acquisiti dalla<span class=\"_ _0\"></span> Societ\u00e0.<span class=\"ls1 ws1\"> </span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> R<span class=\"_ _13\"></span>is<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> d<span class=\"_ _13\"></span>a v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span> at<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>iv<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _13\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ie<span class=\"_ _13\"></span> v<span class=\"_ _13\"></span>alu<span class=\"_ _13\"></span>t<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _11\"></span> al f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alu<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span>n<span class=\"_ _13\"></span> im<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _13\"></span> s<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>ll<span class=\"_ _0\"></span>a re<span class=\"_ _11\"></span>d<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _13\"></span>it\u00e0 co<span class=\"_ _13\"></span>m<span class=\"_ _13\"></span>p<span class=\"_ _0\"></span>le<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>iv<span class=\"_ _0\"></span>a: v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>iazio<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>i an<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>u<span class=\"_ _13\"></span>e<span class=\"_ _13\"></span><span class=\"ls1 ws1\"> </span>T<span class=\"_ _0\"></span>itoli di cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span>1.<span class=\"_ _4ac\"> </span>E<span class=\"_ _4ac\"> </span>sist<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e iniz<span class=\"_ _0\"></span>iali<span class=\"_ _4ac\"> </span>92.<span class=\"_ _0\"></span>148<span class=\"_ _4ac\"> </span>2.<span class=\"_ _4ac\"> </span>V<span class=\"_ _4ac\"> </span>ariazioni p<span class=\"_ _0\"></span>ositive<span class=\"_ _4ac\"> </span>108.<span class=\"_ _0\"></span>963  2.<span class=\"_ _1\"></span>1  Increm<span class=\"_ _0\"></span>enti di fair valu<span class=\"_ _1\"></span>e<span class=\"_ _4ac\"> </span>108.963<span class=\"_ _4ac\"> </span>3.<span class=\"_ _4ac\"> </span>V<span class=\"_ _4ac\"> </span>ariazioni negat<span class=\"_ _0\"></span>ive<span class=\"_ _4ac\"> </span>-  3.<span class=\"_ _1\"></span>1 R<span class=\"_ _1\"></span>iduz<span class=\"_ _1\"></span>ioni di fair value<span class=\"_ _4ac\"> </span>-<span class=\"_ _31c\"></span> 4.<span class=\"_ _4ac\"> </span>R<span class=\"_ _4ac\"> </span>im<span class=\"_ _0\"></span>anenz<span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inali<span class=\"_ _4ac\"> </span>201.<span class=\"_ _0\"></span>111",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-699": {
   "value": "<div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls22 wsd8 gsa4b\">Sezione 6 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">O<span class=\"_ _0\"></span>perazioni<span class=\"_ _0\"></span> con Parti<span class=\"_ _0\"></span> Correl<span class=\"_ _0\"></span>ate</span><span class=\"ff1 fs0\"> </span></span></div><div class=\"t m0 h2 ff2 fs0 fc0 sc0 ls42 ws5 gsa4c\">6.1 Informazioni sui compe<span class=\"_ _1\"></span>nsi dei dirigenti con responsabilit<span class=\"_ _1\"></span>\u00e0 strategica<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gsa4d\">L<span class=\"_ _4ac\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsb1 gsa4e\">a tabella che segue riporta l\u2019<span class=\"_ _0\"></span>ammontare dei compensi de<span class=\"_ _0\"></span>ll\u2019esercizio maturat<span class=\"_ _0\"></span>i dagli Organi di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa4f\">Amministr<span class=\"_ _0\"></span>azione e Controllo e dai Dirigenti con responsabilit<span class=\"_ _0\"></span>\u00e0 strategiche.<span class=\"ls1 ws1\"> </span></div><div class=\"gsa50\"><table class=\"s wb6f h4b9\" id=\"_dd6cba84-f918-48f0-97c2-947ee73361d1\"><tr><td></td><td class=\"c xcff y387e w1cd h293\"><div class=\"t m56 x69 h294 y2592 ff2 fs7d fc0 sc0 ls3a9 ws6c0\">Collegio </div></td><td class=\"t m56 xd00 h294 y387f ff2 fs7d fc0 sc0 ls3a9 ws6c1\">Consiglio di </td><td class=\"c xd01 y387e w1cf h293\"><div class=\"t m56 x60 h294 y2594 ff2 fs7d fc0 sc0 ls3a9 ws6c1\">Dirigent<span class=\"_ _0\"></span>i con </div></td><td></td></tr><tr><td></td><td class=\"c xcff y387e w1cd h293\"><div class=\"t m56 x81 h294 y2593 ff2 fs7d fc0 sc0 ls3a9 ws6c0\">Sindacale<span class=\"_ _4ac\"> </span></div></td><td class=\"t m56 xd02 h294 y3880 ff2 fs7d fc0 sc0 ls3a9 ws6c1\">Am<span class=\"_ _0\"></span>minist<span class=\"_ _0\"></span>raz<span class=\"_ _0\"></span>ione -  </td><td class=\"c xd01 y387e w1cf h293\"><div class=\"t m56 x81 h294 y2595 ff2 fs7d fc0 sc0 ls3ab ws6c3\">respons. </div></td><td class=\"c xd03 y387e w1d0 h293\"><div class=\"t m56 x162 h294 y2597 ff2 fs7d fc0 sc0 ls3ad ws6c5\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> al 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m56 xd04 h294 y3881 ff2 fs7d fc0 sc0 ls3aa ws6c2\">Co<span class=\"_ _1\"></span>mita<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></td><td class=\"c xd01 y387e w1cf h293\"><div class=\"t m56 x16 h294 y2596 ff2 fs7d fc0 sc0 ls3ac ws6c4\">Strat<span class=\"_ _0\"></span>egica </div></td><td></td></tr><tr><td class=\"c x212 y3883 wb70 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3ae ws6c6\">Benef<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>i a breve t<span class=\"_ _0\"></span>ermi<span class=\"_ _0\"></span>ne (1)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd05 y3883 wb71 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">521<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd06 y3883 wb72 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">3.<span class=\"_ _0\"></span>716<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd08 y3883 wb73 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m56 xd07 h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">082<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd09 y3883 wb74 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">8.319<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3884 wb75 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3b0 ws6c9\">Benefici s<span class=\"_ _0\"></span>ucc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sivi al rapporto di lavor<span class=\"_ _1\"></span>o (2)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xd0a y3884 wb71 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">347<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd0b y3884 wb71 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">347<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3885 w1d1 h295\"><div class=\"t m56 x24 h294 y259c ff1 fs7d fc0 sc0 ls3b0 ws6c9\">Altri benefici a lungo termine<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3885 w1d1 h295\"><div class=\"t m56 x24 h294 y259d ff1 fs7d fc0 sc0 ls3b0 ws6c9\">Indennit\u00e0 p<span class=\"_ _1\"></span>er la ces<span class=\"_ _0\"></span>sazione de<span class=\"_ _1\"></span>l rapporto d<span class=\"_ _1\"></span>i lavoro </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3886 wb76 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3b0 ws6c9\">Pagamenti in azion<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xd0c y3886 wb77 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">291<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xd0d y3886 wb77 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">291<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3885 w1d1 h295\"><div class=\"t m56 x24 h294 y259f ff2 fs7d fc0 sc0 ls3b1 ws6ca\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y3885 w1d1 h295\"><div class=\"t m56 x197 h294 y25a0 ff2 fs7d fc0 sc0 ls3ad ws6c8\">521<span class=\"_ _33c\"></span><span class=\"ls1 ws1\"> </span></div></td><td class=\"c x71f y345e wb78 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m56 xd0e h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">008<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd0f y345e wb79 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">4.<span class=\"_ _0\"></span>429<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd10 y345e wb74 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">8.957<span class=\"_ _4ac\"> </span></div></td></tr></table></div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16d ws3a5 gsa51\">(1) Include i com<span class=\"_ _1\"></span>pensi fissi e variabili,<span class=\"_ _1\"></span> i contributi per o<span class=\"_ _1\"></span>neri sociali a ca<span class=\"_ _1\"></span>rico del Gruppo Anima e i benefici in <span class=\"_ _1\"></span>natura.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h35 ff1 fs11 fc0 sc0 ls16d ws3a5 gsa52\">(2) Include la<span class=\"_ _1\"></span> contribuzione aziendale<span class=\"_ _1\"></span> al fondo pensione e l\u2019accantona<span class=\"_ _1\"></span>mento al TF<span class=\"_ _1\"></span>R nelle misure previste dai rego<span class=\"_ _1\"></span>lamenti aziendali e dalla<span class=\"_ _1\"></span> legge.<span class=\"_ _4ac\"> </span><span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws65 gsa54\">Alla data di rife<span class=\"_ _0\"></span>rimento del pre<span class=\"_ _0\"></span>sente Bilancio cons<span class=\"_ _0\"></span>olidato non sono s<span class=\"_ _0\"></span>tate rilasciate<span class=\"_ _0\"></span> garanzie a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsa55\">favore di Amministr<span class=\"_ _0\"></span>atori, Sindaci e Dirigenti Strat<span class=\"_ _0\"></span>egici.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h9 ff2 fs5 fc0 sc0 ls44 wscd gsa56\">6.2 In<span class=\"_ _0\"></span>formazi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> sulle transaz<span class=\"_ _0\"></span>ioni<span class=\"_ _0\"></span> con P<span class=\"_ _0\"></span>arti Corre<span class=\"_ _0\"></span>late<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws18b gsa57\">La Soci<span class=\"_ _1\"></span>et\u00e0, <span class=\"_ _1\"></span>nel ri<span class=\"_ _1\"></span>spett<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>la norm<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span> di rif<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span>, si \u00e8 do<span class=\"_ _1\"></span>tata d<span class=\"_ _1\"></span>i Pro<span class=\"_ _1\"></span>cedura <span class=\"_ _1\"></span>per le O<span class=\"_ _1\"></span>pera<span class=\"_ _1\"></span>zion<span class=\"_ _1c\"></span>i<span class=\"_ _0\"></span> </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws8b gsa58\">con Parti Corre<span class=\"_ _0\"></span>late (la \u201cProcedura\u201d) dis<span class=\"_ _0\"></span>ponibile sul sito internet di An<span class=\"_ _0\"></span>ima Holding all\u2019indirizz<span class=\"_ _0\"></span>o </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws28 gsa59\">www<span class=\"_ _1\"></span>.anim<span class=\"_ _1\"></span>ahold<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>.it<span class=\"ls1 ws1\"> </span><span class=\"ws1f\">s<span class=\"_ _1c\"></span>ezione I<span class=\"_ _1c\"></span>nvesto<span class=\"_ _1\"></span>r Rela<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns <span class=\"ls1 ws1\">\u2013 <span class=\"ls31 ws27\">Corporate<span class=\"_ _0\"></span> Gove<span class=\"_ _0\"></span>rnance.</span> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws99 gs81a\">La Societ\u00e0, c<span class=\"_ _0\"></span>ome gi\u00e0 precisato, \u00e8 sogget<span class=\"_ _0\"></span>ta all\u2019attiv<span class=\"_ _0\"></span>it\u00e0 di direzione e coor<span class=\"_ _0\"></span>dinamento di Banco </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lse ws0 gsa5a\">BPM.<span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws2b gsa5b\">Nel co<span class=\"_ _1\"></span>rso d<span class=\"_ _1\"></span>ell\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1c\"></span>o in esam<span class=\"_ _1\"></span>e, il G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Anima<span class=\"_ _1\"></span> ha in<span class=\"_ _1\"></span>tratt<span class=\"_ _1\"></span>enut<span class=\"_ _1\"></span>o rapp<span class=\"_ _1\"></span>orti, <span class=\"_ _1\"></span>regola<span class=\"_ _1\"></span>ti da t<span class=\"_ _1\"></span>ermin<span class=\"_ _1\"></span>i </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws86 gsde\">e condizioni in linea con quelli di mercato, con i soggetti identificati dalle procedure da essa </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws128 gsdf\">approvata che assicurano la tr<span class=\"_ _0\"></span>asparenza e la correttezza sostanziale e procedurale delle </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 ws2b gsa5c\">oper<span class=\"_ _0\"></span>azioni<span class=\"_ _0\"></span> con Parti<span class=\"_ _0\"></span> Correl<span class=\"ls35 ws16\">ate<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 wsb4 gse1\">Con <span class=\"_ _1\"></span>rife<span class=\"_ _1\"></span>riment<span class=\"_ _1\"></span>o al<span class=\"_ _1\"></span> comma<span class=\"_ _1c\"></span> 8 dell<span class=\"_ _1\"></span>\u2019art<span class=\"_ _1\"></span>. 5 d<span class=\"_ _1\"></span>el Reg<span class=\"_ _1\"></span>olame<span class=\"_ _1c\"></span>nto Co<span class=\"_ _1\"></span>nsob i<span class=\"_ _1c\"></span>n materi<span class=\"_ _1\"></span>a d<span class=\"_ _1\"></span>\u2019infor<span class=\"_ _1\"></span>mazi<span class=\"_ _1\"></span>one </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gsa5d\">periodic<span class=\"_ _0\"></span>a sulle operazioni con Parti Correlate si evidenzia che, nel corso dell\u2019esercizio 2025, non </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws97 gsa5e\">sono state effettu<span class=\"_ _0\"></span>ate operazioni qualific<span class=\"_ _0\"></span>abili come di di \u201cmaggiore r<span class=\"_ _0\"></span>ilevanza\u201d, di \u201cminore </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls1c ws7b gse4\">rileva<span class=\"_ _1c\"></span>nza\u201d sogg<span class=\"_ _1\"></span>ette ai<span class=\"_ _1c\"></span> presidi di<span class=\"_ _1\"></span> cui<span class=\"_ _1\"></span> agli a<span class=\"_ _1\"></span>rtt. 7 <span class=\"_ _1\"></span>e 9 del<span class=\"_ _1c\"></span> Regolam<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>Consob<span class=\"_ _1\"></span> e n<span class=\"_ _1\"></span>on so<span class=\"_ _1\"></span>no stat<span class=\"_ _1\"></span>e </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf ws17 gse5\">effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>te oper<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>oni at<span class=\"_ _1\"></span>ipic<span class=\"_ _1\"></span>he ed inus<span class=\"_ _1\"></span>uali<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 lsf wsd2 gse6\">Le tra<span class=\"_ _1\"></span>nsazi<span class=\"_ _1\"></span>oni co<span class=\"_ _1\"></span>n <span class=\"ls1c wsb8\">le soci<span class=\"_ _1\"></span>et\u00e0 app<span class=\"_ _1\"></span>arte<span class=\"_ _1\"></span>nenti al<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po Ban<span class=\"_ _1\"></span>co BPM (<span class=\"_ _1\"></span>divers<span class=\"_ _1\"></span>e dall<span class=\"_ _1\"></span>e soci<span class=\"_ _1\"></span>et\u00e0 del<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls11 ws6cb gse7\">Gruppo Anima) e <span class=\"_ _0\"></span>le altre <span class=\"lsf ws26f\">Parti<span class=\"_ _1c\"></span> Correl<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> han<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rdato<span class=\"_ _1c\"></span> princi<span class=\"_ _1\"></span>palm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e le a<span class=\"_ _1c\"></span>ttivit<span class=\"_ _1\"></span>\u00e0 </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws15 gsa5f\">commerciali a s<span class=\"_ _0\"></span>upporto della distr<span class=\"_ _0\"></span>ibuzione dei prodott<span class=\"_ _0\"></span>i gestiti dal Gr<span class=\"_ _0\"></span>uppo Anima, le<span class=\"_ _0\"></span> deleghe di </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls30 ws84 gsa60\">gesti<span class=\"_ _1c\"></span>one ricev<span class=\"_ _1\"></span>ute, i<span class=\"_ _1\"></span> rapp<span class=\"_ _1\"></span>orti d<span class=\"_ _1\"></span>i dep<span class=\"_ _1\"></span>osito d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e/dep<span class=\"_ _1\"></span>ositi<span class=\"_ _1\"></span> a sca<span class=\"_ _1\"></span>denz<span class=\"_ _1\"></span>a <span class=\"ff5 ls32 ws56\">(<span class=\"_ _0\"></span>\u201ct<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u201d</span><span class=\"ls11 ws5\">) </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 wsae gsea\">e custodia t<span class=\"_ _0\"></span>itoli  per la gest<span class=\"_ _0\"></span>ione della liquidit\u00e0, l\u2019acqu<span class=\"_ _0\"></span>isto di credit<span class=\"_ _0\"></span>i fiscali, i compens<span class=\"_ _0\"></span>i riconosciuti </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws77 gsa61\">ai componenti de<span class=\"_ _0\"></span>l Consiglio di Amministrazione delle societ<span class=\"_ _0\"></span>\u00e0 del Gruppo Anima di emanazione </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws74 gsec\">Banco BPM, oltre<span class=\"_ _0\"></span> agli importi derivanti dai meccanismi di aggiu<span class=\"_ _0\"></span>stamento prezzo e indennizzi </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws5f gsa62\">rifer<span class=\"_ _0\"></span>iti alle operazioni di acquisizione e<span class=\"_ _0\"></span>ffettuate nel corso del 2017 e del 2018 dal Gruppo Anim<span class=\"_ _0\"></span>a </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls31 wsc3 gsee\">con i<span class=\"_ _0\"></span>l Gru<span class=\"ls30 wsba\">ppo <span class=\"_ _1\"></span>Banc<span class=\"_ _1\"></span>o BP<span class=\"_ _1\"></span>M, cos\u00ec <span class=\"_ _1c\"></span>come i<span class=\"_ _1\"></span>ntegra<span class=\"_ _1\"></span>ti/m<span class=\"_ _1\"></span>odifi<span class=\"_ _1\"></span>cati d<span class=\"_ _1\"></span>a qua<span class=\"_ _1c\"></span>nto sot<span class=\"_ _1\"></span>toscri<span class=\"_ _1\"></span>tto <span class=\"_ _1\"></span>nel co<span class=\"_ _1\"></span>rso d<span class=\"_ _1c\"></span>el </span></div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws76 gsa63\">2020 (per maggiori dettagli si rimanda al Capitolo XXII del Prospetto Informativo pubblicato in </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws62 gsa64\">data 23<span class=\"_ _0\"></span> marzo 2018 relativo all\u2019aum<span class=\"_ _0\"></span>ento di capitale<span class=\"_ _0\"></span> e ai documenti in<span class=\"_ _0\"></span>formativi relat<span class=\"_ _0\"></span>ivi ad </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws54 gsa65\">operazioni di maggiore<span class=\"_ _0\"></span> rilevanza con parti correlate pubblicate in data 7 aprile 2020 e in data </div><div class=\"t m0 h2 ff1 fs0 fc0 sc0 ls0 ws0 gsf2\">21 maggio 2020, dis<span class=\"_ _0\"></span>ponibili sul sito della Societ\u00e0).<span class=\"ls1 ws1\"> </span></div><table class=\"s wb7a h4ba\" id=\"_4793c136-c968-48d5-9d9b-09d95e2e4cb1\"><tr><td></td><td class=\"t m71 xd11 h298 y3887 ff2 fs7e fc0 sc0 ls3b3 ws6cd\">S<span class=\"_ _0\"></span>ocie<span class=\"_ _13\"></span>t\u00e0<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m71 xd12 h298 y3888 ff2 fs7e fc0 sc0 ls3b3 ws6ce\">Appa<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ne<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i al </td><td class=\"c xd13 y3889 w1d4 h299\"><div class=\"t m71 xf7 h298 y25dc ff2 fs7e fc0 sc0 ls3b3 ws6ce\">Alt<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>i </div></td><td class=\"c xd14 y3889 w1d5 h299\"><div class=\"t m71 x84 h298 y25dc ff2 fs7e fc0 sc0 ls3b3 ws6cd\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>li </div></td></tr><tr><td></td><td class=\"t m71 xd15 h298 y388a ff2 fs7e fc0 sc0 ls3b4 ws6cf\">Gr<span class=\"_ _0\"></span>uppo<span class=\"_ _0\"></span> Ba<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co </td><td class=\"c xd13 y3889 w1d4 h299\"><div class=\"t m71 x7e h298 y25dd ff2 fs7e fc0 sc0 ls3b6 ws6d1\">Correlat<span class=\"_ _0\"></span>e</div></td><td class=\"c xd14 y3889 w1d5 h299\"><div class=\"t m71 x58 h298 y25dd ff2 fs7e fc0 sc0 ls3b6 ws6d1\">correlat<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y388b w1d2 h297\"><div class=\"t m71 x24 h298 y25d5 ff2 fs7e fc0 sc0 ls3b2 ws6cc\">STATO<span class=\"_ _0\"></span> PATRI<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>ON<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>ALE<span class=\"_ _4ac\"> </span></div></td><td class=\"t m71 xd16 h298 y388c ff2 fs7e fc0 sc0 ls3b5 ws6d0\">B<span class=\"_ _484\"></span>PM<span class=\"_ _4ac\"> </span></td><td></td><td></td></tr><tr><td class=\"c x624 y388b w1d2 h297\"><div class=\"t m71 x24 h298 y25de ff2 fs7e fc0 sc0 ls3b2 ws6d2\">ATTIV<span class=\"_ _0\"></span>O<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y388e wb7b h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3b7 ws6d3\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>. C<span class=\"_ _1c\"></span>assa<span class=\"_ _1\"></span> e d<span class=\"_ _1c\"></span>ispon<span class=\"_ _1c\"></span>ibilit<span class=\"_ _1\"></span>\u00e0 liq<span class=\"_ _1c\"></span>uide<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd17 y388e wb7c h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3b8 ws6d4\">394.194<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd18 y388e wb7d h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3b8 ws6d4\">36<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1a y388e wb7e h4a6\"><div class=\"t m71 x1fa h298 y388d ff2 fs7e fc0 sc0 ls3b9 ws6d6\">39<span class=\"_ _4ac\"> </span></div><div class=\"t m71 xd19 h298 y388d ff2 fs7e fc0 sc0 ls3b9 ws6d6\">4.230<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y388f wb7f h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3ba ws6d7\">40. A<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>vit\u00e0 finanziari<span class=\"_ _0\"></span>e valutate al co<span class=\"_ _0\"></span>sto amm<span class=\"_ _0\"></span>ortizz<span class=\"_ _1\"></span>ato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1b y388f wb80 h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3b8 ws6d4\">4.<span class=\"_ _0\"></span>060<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1c y388f wb81 h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3b8 ws6d4\">2.<span class=\"_ _0\"></span>636<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1d y388f wb82 h4a6\"><div class=\"t m71 x1fa h298 y388d ff2 fs7e fc0 sc0 ls3b9 ws6d6\">6.696<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3891 wb83 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3bb ws6d2\">a) per gesti<span class=\"_ _0\"></span>one di<span class=\"_ _0\"></span> patrim<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1e y3891 wb80 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">3.<span class=\"_ _0\"></span>979<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1f y3891 wb84 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">254<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd20 y3891 wb85 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">4.233<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3892 wb86 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b7 ws6d3\">b)<span class=\"_ _1c\"></span> alt<span class=\"_ _1c\"></span>r<span class=\"_ _1\"></span>i cr<span class=\"_ _1\"></span>ed<span class=\"_ _1c\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd21 y3892 wb87 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">81<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd22 y3892 wb80 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">2.<span class=\"_ _0\"></span>382<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd23 y3892 wb85 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">2.463<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3893 wb88 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3ba ws6d7\">90. A<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>vit\u00e0 Imm<span class=\"_ _0\"></span>ater<span class=\"_ _1\"></span>ial<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd24 y3893 wb89 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">425<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd25 y3893 wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd26 y3893 wb84 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">425<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3894 wb8b h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3bc ws6d8\">120.<span class=\"_ _0\"></span> Al<span class=\"_ _0\"></span>tre a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd27 y3894 wb7d h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">11<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd28 y3894 wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd29 y3894 wb8c h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">11<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3483 wb8d h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3bd ws6d9\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1c\"></span>e<span class=\"_ _0\"></span> atti<span class=\"_ _1\"></span>vo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2a y3483 wb8e h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">398.<span class=\"_ _0\"></span>690<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2b y3483 wb85 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">2.672<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2c y3483 wb8f h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">401.362<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y388b w1d2 h297\"><div class=\"t m71 x24 h298 y25e7 ff2 fs7e fc0 sc0 ls3be ws6da\">PA<span class=\"_ _1c\"></span>SSIV<span class=\"_ _0\"></span>O<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3895 wb90 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3ba ws6d7\">10. Pass<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 finanziarie val<span class=\"_ _0\"></span>utate al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizz<span class=\"_ _1c\"></span>ato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2d y3895 wb91 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(90.<span class=\"_ _0\"></span>843)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2e y3895 wb92 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(4.<span class=\"_ _0\"></span>773)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2f y3895 wb93 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(95.<span class=\"_ _0\"></span>615)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y388b w1d2 h297\"><div class=\"t m71 x24 h29a y25e9 ff5 fs7e fc0 sc0 ls3bf ws6db\">- per d<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>tr<span class=\"_ _1c\"></span>ibuz<span class=\"_ _1\"></span>ione<span class=\"_ _0\"></span> pr<span class=\"_ _1\"></span>odotti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd1 y3896 wb94 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(90.843)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd30 y3896 wb92 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(4.<span class=\"_ _0\"></span>730)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd31 y3896 wb95 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(95.573)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3897 wb96 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3ba ws6d7\">80. A<span class=\"_ _1\"></span>ltre pass<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd32 y3897 wb97 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(450)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd33 y3897 wb98 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3c0 ws6d5\">(1)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd34 y3897 wb99 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(451)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3898 wb9a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b3 ws6ce\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd35 y3898 wb95 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(91.293)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd36 y3898 wb9b h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(4.774)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd37 y3898 wb9c h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(96.067)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y3899 w1d6 h29b\"><div class=\"t m71 x24 h298 y25f7 ff2 fs7e fc0 sc0 ls3c0 ws6dc\">CONTO E<span class=\"_ _0\"></span>CON<span class=\"_ _0\"></span>OMI<span class=\"_ _0\"></span>CO<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y389a wb9d h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b7 ws6d3\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>. C<span class=\"_ _1c\"></span>ommissio<span class=\"_ _1\"></span>ni a<span class=\"_ _1c\"></span>tt<span class=\"_ _1c\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd38 y389a wb9e h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">14.<span class=\"_ _0\"></span>872<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd39 y389a wb9e h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">10.<span class=\"_ _0\"></span>875<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3a y389a wb9f h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">25.748<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y389b wba0 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3c1 ws6da\">2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>. C<span class=\"_ _1c\"></span>ommission<span class=\"_ _1\"></span>i pa<span class=\"_ _1c\"></span>ssi<span class=\"_ _0\"></span>ve<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3b y389b wba1 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(407.654)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3c y389b wb94 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(32.028)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3d y389b wba2 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(439.683)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y389c wba3 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3bc ws6d8\">50.<span class=\"_ _0\"></span> In<span class=\"_ _0\"></span>teres<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> atti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> c<span class=\"_ _13\"></span>orre<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3e y389c wb80 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">2.<span class=\"_ _0\"></span>795<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3f y389c wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd40 y389c wb85 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">2.795<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y389d wba4 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3ba ws6d7\">60. Int<span class=\"_ _1\"></span>eressi<span class=\"_ _0\"></span> pas<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> su fi<span class=\"_ _0\"></span>nanziamento / derivato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd41 y389d wba5 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd42 y389d wba6 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd43 y389d wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y389e wba7 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b7 ws6d3\">7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>. R<span class=\"_ _1\"></span>isult<span class=\"_ _1c\"></span>at<span class=\"_ _1c\"></span>o n<span class=\"_ _1\"></span>et<span class=\"_ _1c\"></span>t<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _1c\"></span>at<span class=\"_ _1c\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1c\"></span>\u00e0 di n<span class=\"_ _1c\"></span>ego<span class=\"_ _1\"></span>z<span class=\"_ _1c\"></span>iaz<span class=\"_ _1\"></span>ion<span class=\"_ _1c\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd44 y389e wba5 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd45 y389e wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd46 y389e wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y389f wba8 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3bb ws6d2\">140<span class=\"_ _1\"></span>a. S<span class=\"_ _0\"></span>pes<span class=\"_ _0\"></span>e per il<span class=\"_ _0\"></span> perso<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd47 y389f wba9 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(75)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd48 y389f wb8a h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd49 y389f wbaa h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(75)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38a0 wbab h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b7 ws6d3\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>b.<span class=\"_ _1\"></span> A<span class=\"_ _1\"></span>lt<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>e sp<span class=\"_ _1c\"></span>ese<span class=\"_ _1\"></span> am<span class=\"_ _1\"></span>minist<span class=\"_ _1c\"></span>r<span class=\"_ _1\"></span>at<span class=\"_ _1c\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4a y38a0 wbac h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(16)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4b y38a0 wb8a h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4c y38a0 wbaa h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(16)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38a1 wbad h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b7 ws6d3\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>. A<span class=\"_ _1c\"></span>ltr<span class=\"_ _1c\"></span>i pr<span class=\"_ _1c\"></span>ove<span class=\"_ _1c\"></span>nt<span class=\"_ _1c\"></span>i e o<span class=\"_ _1\"></span>ne<span class=\"_ _1c\"></span>ri d<span class=\"_ _1\"></span>i ge<span class=\"_ _1c\"></span>stio<span class=\"_ _1\"></span>ne<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4d y38a1 wbae h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">31.<span class=\"_ _0\"></span>864<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4e y38a1 wb98 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3c0 ws6d5\">(5)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4f y38a1 wbaf h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">31.859<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y38a2 w1d6 h29b\"><div class=\"t m71 x24 h298 y25f9 ff2 fs7e fc0 sc0 ls3c2 ws6dd\">Totale Cont<span class=\"_ _0\"></span>o Econom<span class=\"_ _0\"></span>ico<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd50 y38a3 wba2 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(358.214)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd51 y38a3 wb93 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(<span class=\"_ _0\"></span>21.159)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd52 y38a3 wbb0 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(379.372)</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-40": {
   "value": "Sezione 6 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wscd\">O<span class=\"_ _0\"></span>perazioni<span class=\"_ _0\"></span> con Parti<span class=\"_ _0\"></span> Correl<span class=\"_ _0\"></span>ate</span><span class=\"ff1 fs0\"> </span></span>6.1 Informazioni sui compe<span class=\"_ _1\"></span>nsi dei dirigenti con responsabilit<span class=\"_ _1\"></span>\u00e0 strategica<span class=\"ls1 ws1\"> </span>L<span class=\"_ _4ac\"> </span>a tabella che segue riporta l\u2019<span class=\"_ _0\"></span>ammontare dei compensi de<span class=\"_ _0\"></span>ll\u2019esercizio maturat<span class=\"_ _0\"></span>i dagli Organi di Amministr<span class=\"_ _0\"></span>azione e Controllo e dai Dirigenti con responsabilit<span class=\"_ _0\"></span>\u00e0 strategiche.<span class=\"ls1 ws1\"> </span><table class=\"s wb6f h4b9\" id=\"_dd6cba84-f918-48f0-97c2-947ee73361d1\"><tr><td></td><td class=\"c xcff y387e w1cd h293\"><div class=\"t m56 x69 h294 y2592 ff2 fs7d fc0 sc0 ls3a9 ws6c0\">Collegio </div></td><td class=\"t m56 xd00 h294 y387f ff2 fs7d fc0 sc0 ls3a9 ws6c1\">Consiglio di </td><td class=\"c xd01 y387e w1cf h293\"><div class=\"t m56 x60 h294 y2594 ff2 fs7d fc0 sc0 ls3a9 ws6c1\">Dirigent<span class=\"_ _0\"></span>i con </div></td><td></td></tr><tr><td></td><td class=\"c xcff y387e w1cd h293\"><div class=\"t m56 x81 h294 y2593 ff2 fs7d fc0 sc0 ls3a9 ws6c0\">Sindacale<span class=\"_ _4ac\"> </span></div></td><td class=\"t m56 xd02 h294 y3880 ff2 fs7d fc0 sc0 ls3a9 ws6c1\">Am<span class=\"_ _0\"></span>minist<span class=\"_ _0\"></span>raz<span class=\"_ _0\"></span>ione -  </td><td class=\"c xd01 y387e w1cf h293\"><div class=\"t m56 x81 h294 y2595 ff2 fs7d fc0 sc0 ls3ab ws6c3\">respons. </div></td><td class=\"c xd03 y387e w1d0 h293\"><div class=\"t m56 x162 h294 y2597 ff2 fs7d fc0 sc0 ls3ad ws6c5\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> al 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2025<span class=\"_ _4ac\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m56 xd04 h294 y3881 ff2 fs7d fc0 sc0 ls3aa ws6c2\">Co<span class=\"_ _1\"></span>mita<span class=\"_ _1\"></span>ti<span class=\"_ _4ac\"> </span></td><td class=\"c xd01 y387e w1cf h293\"><div class=\"t m56 x16 h294 y2596 ff2 fs7d fc0 sc0 ls3ac ws6c4\">Strat<span class=\"_ _0\"></span>egica </div></td><td></td></tr><tr><td class=\"c x212 y3883 wb70 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3ae ws6c6\">Benef<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>i a breve t<span class=\"_ _0\"></span>ermi<span class=\"_ _0\"></span>ne (1)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd05 y3883 wb71 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">521<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd06 y3883 wb72 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">3.<span class=\"_ _0\"></span>716<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd08 y3883 wb73 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m56 xd07 h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">082<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd09 y3883 wb74 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">8.319<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3884 wb75 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3b0 ws6c9\">Benefici s<span class=\"_ _0\"></span>ucc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sivi al rapporto di lavor<span class=\"_ _1\"></span>o (2)<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td class=\"c xd0a y3884 wb71 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">347<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd0b y3884 wb71 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">347<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3885 w1d1 h295\"><div class=\"t m56 x24 h294 y259c ff1 fs7d fc0 sc0 ls3b0 ws6c9\">Altri benefici a lungo termine<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x405 y3885 w1d1 h295\"><div class=\"t m56 x24 h294 y259d ff1 fs7d fc0 sc0 ls3b0 ws6c9\">Indennit\u00e0 p<span class=\"_ _1\"></span>er la ces<span class=\"_ _0\"></span>sazione de<span class=\"_ _1\"></span>l rapporto d<span class=\"_ _1\"></span>i lavoro </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3886 wb76 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3b0 ws6c9\">Pagamenti in azion<span class=\"_ _1\"></span>i<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xd0c y3886 wb77 h45f\"><div class=\"t m56 x1fa h294 y3882 ff1 fs7d fc0 sc0 ls3af ws6c7\">291<span class=\"_ _4ac\"> </span></div></td><td></td><td class=\"c xd0d y3886 wb77 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">291<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x405 y3885 w1d1 h295\"><div class=\"t m56 x24 h294 y259f ff2 fs7d fc0 sc0 ls3b1 ws6ca\">T<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ale<span class=\"_ _4ac\"> </span></div></td><td class=\"c x405 y3885 w1d1 h295\"><div class=\"t m56 x197 h294 y25a0 ff2 fs7d fc0 sc0 ls3ad ws6c8\">521<span class=\"_ _33c\"></span><span class=\"ls1 ws1\"> </span></div></td><td class=\"c x71f y345e wb78 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">4.<span class=\"_ _4ac\"> </span></div><div class=\"t m56 xd0e h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">008<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd0f y345e wb79 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">4.<span class=\"_ _0\"></span>429<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd10 y345e wb74 h45f\"><div class=\"t m56 x1fa h294 y3882 ff2 fs7d fc0 sc0 ls3ad ws6c8\">8.957<span class=\"_ _4ac\"> </span></div></td></tr></table>(1) Include i com<span class=\"_ _1\"></span>pensi fissi e variabili,<span class=\"_ _1\"></span> i contributi per o<span class=\"_ _1\"></span>neri sociali a ca<span class=\"_ _1\"></span>rico del Gruppo Anima e i benefici in <span class=\"_ _1\"></span>natura.<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> </span>(2) Include la<span class=\"_ _1\"></span> contribuzione aziendale<span class=\"_ _1\"></span> al fondo pensione e l\u2019accantona<span class=\"_ _1\"></span>mento al TF<span class=\"_ _1\"></span>R nelle misure previste dai rego<span class=\"_ _1\"></span>lamenti aziendali e dalla<span class=\"_ _1\"></span> legge.<span class=\"_ _4ac\"> </span>Alla data di rife<span class=\"_ _0\"></span>rimento del pre<span class=\"_ _0\"></span>sente Bilancio cons<span class=\"_ _0\"></span>olidato non sono s<span class=\"_ _0\"></span>tate rilasciate<span class=\"_ _0\"></span> garanzie a favore di Amministr<span class=\"_ _0\"></span>atori, Sindaci e Dirigenti Strat<span class=\"_ _0\"></span>egici.<span class=\"ls1 ws1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-665": {
   "value": "6.2 In<span class=\"_ _0\"></span>formazi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> sulle transaz<span class=\"_ _0\"></span>ioni<span class=\"_ _0\"></span> con P<span class=\"_ _0\"></span>arti Corre<span class=\"_ _0\"></span>late<span class=\"ls1 ws1\"> </span>La Soci<span class=\"_ _1\"></span>et\u00e0, <span class=\"_ _1\"></span>nel ri<span class=\"_ _1\"></span>spett<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>la norm<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span> di rif<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span>, si \u00e8 do<span class=\"_ _1\"></span>tata d<span class=\"_ _1\"></span>i Pro<span class=\"_ _1\"></span>cedura <span class=\"_ _1\"></span>per le O<span class=\"_ _1\"></span>pera<span class=\"_ _1\"></span>zion<span class=\"_ _1c\"></span>i<span class=\"_ _0\"></span> con Parti Corre<span class=\"_ _0\"></span>late (la \u201cProcedura\u201d) dis<span class=\"_ _0\"></span>ponibile sul sito internet di An<span class=\"_ _0\"></span>ima Holding all\u2019indirizz<span class=\"_ _0\"></span>o www<span class=\"_ _1\"></span>.anim<span class=\"_ _1\"></span>ahold<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>.it<span class=\"ls1 ws1\"> </span><span class=\"ws1f\">s<span class=\"_ _1c\"></span>ezione I<span class=\"_ _1c\"></span>nvesto<span class=\"_ _1\"></span>r Rela<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns <span class=\"ls1 ws1\">\u2013 <span class=\"ls31 ws27\">Corporate<span class=\"_ _0\"></span> Gove<span class=\"_ _0\"></span>rnance.</span> </span></span>La Societ\u00e0, c<span class=\"_ _0\"></span>ome gi\u00e0 precisato, \u00e8 sogget<span class=\"_ _0\"></span>ta all\u2019attiv<span class=\"_ _0\"></span>it\u00e0 di direzione e coor<span class=\"_ _0\"></span>dinamento di Banco BPM.<span class=\"ls1 ws1\"> </span>Nel co<span class=\"_ _1\"></span>rso d<span class=\"_ _1\"></span>ell\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1c\"></span>o in esam<span class=\"_ _1\"></span>e, il G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o Anima<span class=\"_ _1\"></span> ha in<span class=\"_ _1\"></span>tratt<span class=\"_ _1\"></span>enut<span class=\"_ _1\"></span>o rapp<span class=\"_ _1\"></span>orti, <span class=\"_ _1\"></span>regola<span class=\"_ _1\"></span>ti da t<span class=\"_ _1\"></span>ermin<span class=\"_ _1\"></span>i e condizioni in linea con quelli di mercato, con i soggetti identificati dalle procedure da essa approvata che assicurano la tr<span class=\"_ _0\"></span>asparenza e la correttezza sostanziale e procedurale delle oper<span class=\"_ _0\"></span>azioni<span class=\"_ _0\"></span> con Parti<span class=\"_ _0\"></span> Correl<span class=\"ls35 ws16\">ate<span class=\"_ _0\"></span>.<span class=\"ls1 ws1\"> </span></span>Con <span class=\"_ _1\"></span>rife<span class=\"_ _1\"></span>riment<span class=\"_ _1\"></span>o al<span class=\"_ _1\"></span> comma<span class=\"_ _1c\"></span> 8 dell<span class=\"_ _1\"></span>\u2019art<span class=\"_ _1\"></span>. 5 d<span class=\"_ _1\"></span>el Reg<span class=\"_ _1\"></span>olame<span class=\"_ _1c\"></span>nto Co<span class=\"_ _1\"></span>nsob i<span class=\"_ _1c\"></span>n materi<span class=\"_ _1\"></span>a d<span class=\"_ _1\"></span>\u2019infor<span class=\"_ _1\"></span>mazi<span class=\"_ _1\"></span>one periodic<span class=\"_ _0\"></span>a sulle operazioni con Parti Correlate si evidenzia che, nel corso dell\u2019esercizio 2025, non sono state effettu<span class=\"_ _0\"></span>ate operazioni qualific<span class=\"_ _0\"></span>abili come di di \u201cmaggiore r<span class=\"_ _0\"></span>ilevanza\u201d, di \u201cminore rileva<span class=\"_ _1c\"></span>nza\u201d sogg<span class=\"_ _1\"></span>ette ai<span class=\"_ _1c\"></span> presidi di<span class=\"_ _1\"></span> cui<span class=\"_ _1\"></span> agli a<span class=\"_ _1\"></span>rtt. 7 <span class=\"_ _1\"></span>e 9 del<span class=\"_ _1c\"></span> Regolam<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>Consob<span class=\"_ _1\"></span> e n<span class=\"_ _1\"></span>on so<span class=\"_ _1\"></span>no stat<span class=\"_ _1\"></span>e effe<span class=\"_ _1\"></span>ttua<span class=\"_ _1\"></span>te oper<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>oni at<span class=\"_ _1\"></span>ipic<span class=\"_ _1\"></span>he ed inus<span class=\"_ _1\"></span>uali<span class=\"_ _1\"></span>. <span class=\"ls1 ws1\"> </span>Le tra<span class=\"_ _1\"></span>nsazi<span class=\"_ _1\"></span>oni co<span class=\"_ _1\"></span>n <span class=\"ls1c wsb8\">le soci<span class=\"_ _1\"></span>et\u00e0 app<span class=\"_ _1\"></span>arte<span class=\"_ _1\"></span>nenti al<span class=\"_ _1\"></span> Grup<span class=\"_ _1\"></span>po Ban<span class=\"_ _1\"></span>co BPM (<span class=\"_ _1\"></span>divers<span class=\"_ _1\"></span>e dall<span class=\"_ _1\"></span>e soci<span class=\"_ _1\"></span>et\u00e0 del<span class=\"_ _1\"></span> </span>Gruppo Anima) e <span class=\"_ _0\"></span>le altre <span class=\"lsf ws26f\">Parti<span class=\"_ _1c\"></span> Correl<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> han<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rdato<span class=\"_ _1c\"></span> princi<span class=\"_ _1\"></span>palm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e le a<span class=\"_ _1c\"></span>ttivit<span class=\"_ _1\"></span>\u00e0 </span>commerciali a s<span class=\"_ _0\"></span>upporto della distr<span class=\"_ _0\"></span>ibuzione dei prodott<span class=\"_ _0\"></span>i gestiti dal Gr<span class=\"_ _0\"></span>uppo Anima, le<span class=\"_ _0\"></span> deleghe di gesti<span class=\"_ _1c\"></span>one ricev<span class=\"_ _1\"></span>ute, i<span class=\"_ _1\"></span> rapp<span class=\"_ _1\"></span>orti d<span class=\"_ _1\"></span>i dep<span class=\"_ _1\"></span>osito d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e/dep<span class=\"_ _1\"></span>ositi<span class=\"_ _1\"></span> a sca<span class=\"_ _1\"></span>denz<span class=\"_ _1\"></span>a <span class=\"ff5 ls32 ws56\">(<span class=\"_ _0\"></span>\u201ct<span class=\"_ _13\"></span>im<span class=\"_ _13\"></span>e<span class=\"_ _11\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>p<span class=\"_ _13\"></span>o<span class=\"_ _13\"></span>s<span class=\"_ _13\"></span>it<span class=\"_ _0\"></span>\u201d</span><span class=\"ls11 ws5\">) </span>e custodia t<span class=\"_ _0\"></span>itoli  per la gest<span class=\"_ _0\"></span>ione della liquidit\u00e0, l\u2019acqu<span class=\"_ _0\"></span>isto di credit<span class=\"_ _0\"></span>i fiscali, i compens<span class=\"_ _0\"></span>i riconosciuti ai componenti de<span class=\"_ _0\"></span>l Consiglio di Amministrazione delle societ<span class=\"_ _0\"></span>\u00e0 del Gruppo Anima di emanazione Banco BPM, oltre<span class=\"_ _0\"></span> agli importi derivanti dai meccanismi di aggiu<span class=\"_ _0\"></span>stamento prezzo e indennizzi rifer<span class=\"_ _0\"></span>iti alle operazioni di acquisizione e<span class=\"_ _0\"></span>ffettuate nel corso del 2017 e del 2018 dal Gruppo Anim<span class=\"_ _0\"></span>a con i<span class=\"_ _0\"></span>l Gru<span class=\"ls30 wsba\">ppo <span class=\"_ _1\"></span>Banc<span class=\"_ _1\"></span>o BP<span class=\"_ _1\"></span>M, cos\u00ec <span class=\"_ _1c\"></span>come i<span class=\"_ _1\"></span>ntegra<span class=\"_ _1\"></span>ti/m<span class=\"_ _1\"></span>odifi<span class=\"_ _1\"></span>cati d<span class=\"_ _1\"></span>a qua<span class=\"_ _1c\"></span>nto sot<span class=\"_ _1\"></span>toscri<span class=\"_ _1\"></span>tto <span class=\"_ _1\"></span>nel co<span class=\"_ _1\"></span>rso d<span class=\"_ _1c\"></span>el </span>2020 (per maggiori dettagli si rimanda al Capitolo XXII del Prospetto Informativo pubblicato in data 23<span class=\"_ _0\"></span> marzo 2018 relativo all\u2019aum<span class=\"_ _0\"></span>ento di capitale<span class=\"_ _0\"></span> e ai documenti in<span class=\"_ _0\"></span>formativi relat<span class=\"_ _0\"></span>ivi ad operazioni di maggiore<span class=\"_ _0\"></span> rilevanza con parti correlate pubblicate in data 7 aprile 2020 e in data 21 maggio 2020, dis<span class=\"_ _0\"></span>ponibili sul sito della Societ\u00e0).<div class=\"gs5ec\"><table class=\"s wb7a h4ba\" id=\"_4793c136-c968-48d5-9d9b-09d95e2e4cb1\"><tr><td></td><td class=\"t m71 xd11 h298 y3887 ff2 fs7e fc0 sc0 ls3b3 ws6cd\">S<span class=\"_ _0\"></span>ocie<span class=\"_ _13\"></span>t\u00e0<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m71 xd12 h298 y3888 ff2 fs7e fc0 sc0 ls3b3 ws6ce\">Appa<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _13\"></span>ne<span class=\"_ _13\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i al </td><td class=\"c xd13 y3889 w1d4 h299\"><div class=\"t m71 xf7 h298 y25dc ff2 fs7e fc0 sc0 ls3b3 ws6ce\">Alt<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> P<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>i </div></td><td class=\"c xd14 y3889 w1d5 h299\"><div class=\"t m71 x84 h298 y25dc ff2 fs7e fc0 sc0 ls3b3 ws6cd\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>li </div></td></tr><tr><td></td><td class=\"t m71 xd15 h298 y388a ff2 fs7e fc0 sc0 ls3b4 ws6cf\">Gr<span class=\"_ _0\"></span>uppo<span class=\"_ _0\"></span> Ba<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co </td><td class=\"c xd13 y3889 w1d4 h299\"><div class=\"t m71 x7e h298 y25dd ff2 fs7e fc0 sc0 ls3b6 ws6d1\">Correlat<span class=\"_ _0\"></span>e</div></td><td class=\"c xd14 y3889 w1d5 h299\"><div class=\"t m71 x58 h298 y25dd ff2 fs7e fc0 sc0 ls3b6 ws6d1\">correlat<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y388b w1d2 h297\"><div class=\"t m71 x24 h298 y25d5 ff2 fs7e fc0 sc0 ls3b2 ws6cc\">STATO<span class=\"_ _0\"></span> PATRI<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>ON<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>ALE<span class=\"_ _4ac\"> </span></div></td><td class=\"t m71 xd16 h298 y388c ff2 fs7e fc0 sc0 ls3b5 ws6d0\">B<span class=\"_ _484\"></span>PM<span class=\"_ _4ac\"> </span></td><td></td><td></td></tr><tr><td class=\"c x624 y388b w1d2 h297\"><div class=\"t m71 x24 h298 y25de ff2 fs7e fc0 sc0 ls3b2 ws6d2\">ATTIV<span class=\"_ _0\"></span>O<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y388e wb7b h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3b7 ws6d3\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>. C<span class=\"_ _1c\"></span>assa<span class=\"_ _1\"></span> e d<span class=\"_ _1c\"></span>ispon<span class=\"_ _1c\"></span>ibilit<span class=\"_ _1\"></span>\u00e0 liq<span class=\"_ _1c\"></span>uide<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd17 y388e wb7c h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3b8 ws6d4\">394.194<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd18 y388e wb7d h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3b8 ws6d4\">36<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1a y388e wb7e h4a6\"><div class=\"t m71 x1fa h298 y388d ff2 fs7e fc0 sc0 ls3b9 ws6d6\">39<span class=\"_ _4ac\"> </span></div><div class=\"t m71 xd19 h298 y388d ff2 fs7e fc0 sc0 ls3b9 ws6d6\">4.230<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y388f wb7f h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3ba ws6d7\">40. A<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>vit\u00e0 finanziari<span class=\"_ _0\"></span>e valutate al co<span class=\"_ _0\"></span>sto amm<span class=\"_ _0\"></span>ortizz<span class=\"_ _1\"></span>ato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1b y388f wb80 h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3b8 ws6d4\">4.<span class=\"_ _0\"></span>060<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1c y388f wb81 h4a6\"><div class=\"t m71 x1fa h298 y388d ff1 fs7e fc0 sc0 ls3b8 ws6d4\">2.<span class=\"_ _0\"></span>636<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1d y388f wb82 h4a6\"><div class=\"t m71 x1fa h298 y388d ff2 fs7e fc0 sc0 ls3b9 ws6d6\">6.696<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3891 wb83 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3bb ws6d2\">a) per gesti<span class=\"_ _0\"></span>one di<span class=\"_ _0\"></span> patrim<span class=\"_ _0\"></span>oni<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1e y3891 wb80 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">3.<span class=\"_ _0\"></span>979<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd1f y3891 wb84 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">254<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd20 y3891 wb85 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">4.233<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3892 wb86 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b7 ws6d3\">b)<span class=\"_ _1c\"></span> alt<span class=\"_ _1c\"></span>r<span class=\"_ _1\"></span>i cr<span class=\"_ _1\"></span>ed<span class=\"_ _1c\"></span>iti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd21 y3892 wb87 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">81<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd22 y3892 wb80 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">2.<span class=\"_ _0\"></span>382<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd23 y3892 wb85 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">2.463<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3893 wb88 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3ba ws6d7\">90. A<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>vit\u00e0 Imm<span class=\"_ _0\"></span>ater<span class=\"_ _1\"></span>ial<span class=\"_ _0\"></span>i<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd24 y3893 wb89 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">425<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd25 y3893 wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd26 y3893 wb84 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">425<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3894 wb8b h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3bc ws6d8\">120.<span class=\"_ _0\"></span> Al<span class=\"_ _0\"></span>tre a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd27 y3894 wb7d h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">11<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd28 y3894 wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd29 y3894 wb8c h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">11<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3483 wb8d h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3bd ws6d9\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1c\"></span>e<span class=\"_ _0\"></span> atti<span class=\"_ _1\"></span>vo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2a y3483 wb8e h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">398.<span class=\"_ _0\"></span>690<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2b y3483 wb85 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">2.672<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2c y3483 wb8f h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">401.362<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y388b w1d2 h297\"><div class=\"t m71 x24 h298 y25e7 ff2 fs7e fc0 sc0 ls3be ws6da\">PA<span class=\"_ _1c\"></span>SSIV<span class=\"_ _0\"></span>O<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y3895 wb90 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3ba ws6d7\">10. Pass<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 finanziarie val<span class=\"_ _0\"></span>utate al cos<span class=\"_ _0\"></span>to amm<span class=\"_ _0\"></span>ortizz<span class=\"_ _1c\"></span>ato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2d y3895 wb91 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(90.<span class=\"_ _0\"></span>843)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2e y3895 wb92 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(4.<span class=\"_ _0\"></span>773)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd2f y3895 wb93 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(95.<span class=\"_ _0\"></span>615)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y388b w1d2 h297\"><div class=\"t m71 x24 h29a y25e9 ff5 fs7e fc0 sc0 ls3bf ws6db\">- per d<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>tr<span class=\"_ _1c\"></span>ibuz<span class=\"_ _1\"></span>ione<span class=\"_ _0\"></span> pr<span class=\"_ _1\"></span>odotti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xbd1 y3896 wb94 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(90.843)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd30 y3896 wb92 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(4.<span class=\"_ _0\"></span>730)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd31 y3896 wb95 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(95.573)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3897 wb96 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3ba ws6d7\">80. A<span class=\"_ _1\"></span>ltre pass<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd32 y3897 wb97 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(450)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd33 y3897 wb98 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3c0 ws6d5\">(1)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd34 y3897 wb99 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(451)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y3898 wb9a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b3 ws6ce\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ivo<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd35 y3898 wb95 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(91.293)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd36 y3898 wb9b h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(4.774)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd37 y3898 wb9c h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(96.067)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y3899 w1d6 h29b\"><div class=\"t m71 x24 h298 y25f7 ff2 fs7e fc0 sc0 ls3c0 ws6dc\">CONTO E<span class=\"_ _0\"></span>CON<span class=\"_ _0\"></span>OMI<span class=\"_ _0\"></span>CO<span class=\"_ _4ac\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x212 y389a wb9d h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b7 ws6d3\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>. C<span class=\"_ _1c\"></span>ommissio<span class=\"_ _1\"></span>ni a<span class=\"_ _1c\"></span>tt<span class=\"_ _1c\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd38 y389a wb9e h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">14.<span class=\"_ _0\"></span>872<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd39 y389a wb9e h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">10.<span class=\"_ _0\"></span>875<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3a y389a wb9f h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">25.748<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y389b wba0 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3c1 ws6da\">2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>. C<span class=\"_ _1c\"></span>ommission<span class=\"_ _1\"></span>i pa<span class=\"_ _1c\"></span>ssi<span class=\"_ _0\"></span>ve<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3b y389b wba1 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(407.654)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3c y389b wb94 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(32.028)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3d y389b wba2 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(439.683)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y389c wba3 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3bc ws6d8\">50.<span class=\"_ _0\"></span> In<span class=\"_ _0\"></span>teres<span class=\"_ _13\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> atti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> c<span class=\"_ _13\"></span>orre<span class=\"_ _0\"></span>nti<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3e y389c wb80 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">2.<span class=\"_ _0\"></span>795<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd3f y389c wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd40 y389c wb85 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">2.795<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y389d wba4 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3ba ws6d7\">60. Int<span class=\"_ _1\"></span>eressi<span class=\"_ _0\"></span> pas<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> su fi<span class=\"_ _0\"></span>nanziamento / derivato<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd41 y389d wba5 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd42 y389d wba6 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd43 y389d wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y389e wba7 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b7 ws6d3\">7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>. R<span class=\"_ _1\"></span>isult<span class=\"_ _1c\"></span>at<span class=\"_ _1c\"></span>o n<span class=\"_ _1\"></span>et<span class=\"_ _1c\"></span>t<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _1c\"></span>at<span class=\"_ _1c\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1c\"></span>\u00e0 di n<span class=\"_ _1c\"></span>ego<span class=\"_ _1\"></span>z<span class=\"_ _1c\"></span>iaz<span class=\"_ _1\"></span>ion<span class=\"_ _1c\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd44 y389e wba5 h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd45 y389e wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd46 y389e wb8a h4a7\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y389f wba8 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3bb ws6d2\">140<span class=\"_ _1\"></span>a. S<span class=\"_ _0\"></span>pes<span class=\"_ _0\"></span>e per il<span class=\"_ _0\"></span> perso<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>e<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd47 y389f wba9 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(75)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd48 y389f wb8a h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd49 y389f wbaa h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(75)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38a0 wbab h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b7 ws6d3\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>b.<span class=\"_ _1\"></span> A<span class=\"_ _1\"></span>lt<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>e sp<span class=\"_ _1c\"></span>ese<span class=\"_ _1\"></span> am<span class=\"_ _1\"></span>minist<span class=\"_ _1c\"></span>r<span class=\"_ _1\"></span>at<span class=\"_ _1c\"></span>ive<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4a y38a0 wbac h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">(16)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4b y38a0 wb8a h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls1 ws1\">-<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4c y38a0 wbaa h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(16)<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38a1 wbad h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b7 ws6d3\">1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>. A<span class=\"_ _1c\"></span>ltr<span class=\"_ _1c\"></span>i pr<span class=\"_ _1c\"></span>ove<span class=\"_ _1c\"></span>nt<span class=\"_ _1c\"></span>i e o<span class=\"_ _1\"></span>ne<span class=\"_ _1c\"></span>ri d<span class=\"_ _1\"></span>i ge<span class=\"_ _1c\"></span>stio<span class=\"_ _1\"></span>ne<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4d y38a1 wbae h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3b8 ws6d4\">31.<span class=\"_ _0\"></span>864<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4e y38a1 wb98 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff1 fs7e fc0 sc0 ls3c0 ws6d5\">(5)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd4f y38a1 wbaf h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">31.859<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x624 y38a2 w1d6 h29b\"><div class=\"t m71 x24 h298 y25f9 ff2 fs7e fc0 sc0 ls3c2 ws6dd\">Totale Cont<span class=\"_ _0\"></span>o Econom<span class=\"_ _0\"></span>ico<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd50 y38a3 wba2 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(358.214)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd51 y38a3 wb93 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(<span class=\"_ _0\"></span>21.159)<span class=\"_ _4ac\"> </span></div></td><td class=\"c xd52 y38a3 wbb0 h4bb\"><div class=\"t m71 x1fa h298 y3890 ff2 fs7e fc0 sc0 ls3b9 ws6d6\">(379.372)</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-41": {
   "value": "Sezione 8 <span class=\"ls1 ws1\">\u2013 <span class=\"ls44 wsf\">Al<span class=\"_ _0\"></span>tri <span class=\"_ _0\"></span>dettagli<span class=\"_ _0\"></span> inf<span class=\"_ _0\"></span>ormativ<span class=\"_ _0\"></span>i</span><span class=\"fs0\"> </span></span>P<span class=\"_ _4ac\"> </span>ub<span class=\"_ _1c\"></span>blic<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _0\"></span> d<span class=\"_ _1c\"></span>ei c<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rris<span class=\"_ _1c\"></span>p<span class=\"_ _1\"></span>ett<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i d<span class=\"_ _1c\"></span>i revis<span class=\"_ _1\"></span>io<span class=\"_ _1c\"></span>ne c<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ntabile<span class=\"_ _1c\"></span> e d<span class=\"_ _1c\"></span>ei s<span class=\"_ _1c\"></span>erviz<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>iver<span class=\"_ _1\"></span>si d<span class=\"_ _1c\"></span>alla re<span class=\"_ _1c\"></span>v<span class=\"_ _0\"></span>isi<span class=\"_ _1\"></span>o<span class=\"_ _1c\"></span>ne ai<span class=\"_ _1\"></span> sensi<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>\u2019a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>. 1<span class=\"_ _1c\"></span>49<span class=\"_ _1c\"></span> duodecies del<span class=\"_ _0\"></span> R<span class=\"_ _0\"></span>egola<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _13\"></span>o C<span class=\"_ _1\"></span>onsob <span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>\u00b0<span class=\"_ _1\"></span> 1<span class=\"_ _1c\"></span>19<span class=\"_ _1c\"></span>71<span class=\"_ _1c\"></span>/<span class=\"_ _0\"></span>99<span class=\"_ _1c\"></span> e suc<span class=\"_ _0\"></span>cessi<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e ed in<span class=\"_ _0\"></span>t<span class=\"_ _13\"></span>egra<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>i<span class=\"ls1 ws1\"> </span><table class=\"s wc76 h4c7\" id=\"_ef63fdb6-2acf-4c74-af37-523dc23b9df9\"><tr><td></td><td class=\"c xe37 y38f3 w1e4 h2b8\"><div class=\"t m77 xa5 h2b9 y26be ff2c fs85 fc0 sc0 ls3f6 ws71e\">Delo<span class=\"_ _1c\"></span>itte &amp; Touc<span class=\"_ _1c\"></span>he S.p.A.<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38f5 wc77 h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff10 fs85 fc0 sc0 ls3f7 ws71f\">Revisione contabile<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe38 y38f5 wc78 h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff10 fs85 fc0 sc0 ls3f8 ws720\">615<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38f6 wc79 h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff10 fs85 fc0 sc0 ls3f7 ws71f\">Servizi d<span class=\"_ _1\"></span>i attestazione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe39 y38f6 wc7a h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff10 fs85 fc0 sc0 ls3f8 ws720\">171<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38f7 wc7b h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff10 fs85 fc0 sc0 ls3f9 ws721\">Revis<span class=\"_ _13\"></span>ione Fo<span class=\"_ _0\"></span>ndo Pens<span class=\"_ _13\"></span>ione<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe3a y38f7 wc7c h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff10 fs85 fc0 sc0 ls3f8 ws720\">22<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38f8 wc7d h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff10 fs85 fc0 sc0 ls3fa ws722\">Revis<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne O<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>R<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe3b y38f8 wc7e h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff10 fs85 fc0 sc0 ls3f8 ws720\">2.651<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y38f9 wc7f h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff10 fs85 fc0 sc0 ls3f7 ws71f\">Servizi d<span class=\"_ _1\"></span>i attestazione OI<span class=\"_ _0\"></span>CR<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe3c y38f9 wc80 h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff10 fs85 fc0 sc0 ls3f8 ws720\">13<span class=\"_ _4ac\"> </span></div></td></tr><tr><td class=\"c x212 y345e wc81 h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff2c fs85 fc0 sc0 ls3f6 ws71e\">Total<span class=\"_ _1c\"></span>e d<span class=\"_ _0\"></span>ei c<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>mpensi<span class=\"_ _4ac\"> </span></div></td><td class=\"c xe3d y345e wc82 h43f\"><div class=\"t m77 x1fa h2b9 y38f4 ff2c fs85 fc0 sc0 ls3fb ws723\">3.<span class=\"_ _13\"></span>471<span class=\"_ _4ac\"> </span></div></td></tr></table>li importi sopr<span class=\"_ _1\"></span>a indicati non compr<span class=\"_ _1\"></span>endono le spese e l\u2019IVA<span class=\"_ _1\"></span>.<span class=\"ls1 ws1\"> </span>Si ricorda che <span class=\"_ _1\"></span>gli oneri di revisio<span class=\"_ _1\"></span>ne in relazi<span class=\"_ _1\"></span>one ai rendicon<span class=\"_ _1\"></span>ti degli OICR son<span class=\"_ _1\"></span>o a carico dei prod<span class=\"_ _1\"></span>otti stessi, inol<span class=\"_ _1\"></span>tre gli importi rip<span class=\"_ _1\"></span>ortati nella tabella <span class=\"_ _1\"></span>contengon<span class=\"_ _1\"></span>o oneri a carico di<span class=\"_ _1\"></span> Banco BPM risp<span class=\"_ _1\"></span>ettivam<span class=\"_ _1\"></span>ente con riferime<span class=\"_ _1\"></span>nto <span class=\"ls15 ws244\">(i) <span class=\"_ _1c\"></span><span class=\"ls16 ws718\">ai servizi di revisione contabile<span class=\"ls1 ws1\"> <span class=\"_ _1c\"></span><span class=\"ls16 ws1f3\">(per attivit\u00e0<span class=\"_ _1\"></span> </span></span></span></span>sui reportin<span class=\"_ _1\"></span>g package)<span class=\"ls1 ws1\"> <span class=\"ls18 ws719\">per Euro 357 migliai<span class=\"_ _0\"></span>a<span class=\"ls8b ws71a\">, </span></span></span><span class=\"ws22\">(ii) <span class=\"_ _0\"></span></span>ai servizi di a<span class=\"_ _1\"></span>ttestazion<span class=\"_ _1\"></span>e <span class=\"ls18 ws719\">per Euro 15 mi<span class=\"_ _0\"></span>gliaia <span class=\"ls1 ws1\">e </span></span><span class=\"ws22\">(iii) <span class=\"_ _0\"></span></span>ai servizi di r<span class=\"_ _1\"></span>evisione OICR<span class=\"_ _1\"></span><span class=\"ls1 ws1\"> <span class=\"_ _0\"></span><span class=\"ls3f5 ws71b\">per<span class=\"_ _0\"></span> </span></span>Euro 13 mig<span class=\"_ _0\"></span>liaia<span class=\"ls1 ws1\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "it",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  }
 }
}