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  "pp-value-1-1": {
   "value": "Note esplicative al bilancio<span class=\"_ _3\"></span> consolida<span class=\"_ _3\"></span>to <span class=\"ff25\">dell\u2019<span class=\"_ _2\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"ff23\"> </span></span>chiuso al 31 dicembre 2<span class=\"_ _3\"></span>0<span class=\"lsb\">22</span><span class=\"fs0\"> </span>Att<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _1\"></span>princ<span class=\"_ _1\"></span>ipal<span class=\"_ _2\"></span>i Inf<span class=\"_ _2\"></span>orm<span class=\"_ _1\"></span>azion<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>int<span class=\"_ _2\"></span>eg<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>sull'<span class=\"_ _2\"></span>aut<span class=\"_ _1\"></span>orizz<span class=\"_ _1\"></span>azio<span class=\"_ _2\"></span>ne <span class=\"_ _1\"></span>alla <span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>bb<span class=\"_ _2\"></span>lic<span class=\"_ _1\"></span>azio<span class=\"_ _1\"></span>ne d<span class=\"_ _2\"></span>ei <span class=\"_ _1\"></span>bilanc<span class=\"_ _2\"></span>i Il <span class=\"_ _6\"></span>Bilan<span class=\"ff24\">cio <span class=\"_ _6\"></span>Consolidato <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Cairo <span class=\"_ _6\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _6\"></span>S.p.A., <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>l\u2019esercizio <span class=\"_ _6\"></span>chiuso <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2022, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stato </span>approvato dal Cons<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>glio di Amm<span class=\"_ _2\"></span>inistrazione in <span class=\"_ _2\"></span>data 27 marzo 20<span class=\"_ _2\"></span>23, che ne ha au<span class=\"_ _2\"></span>torizzato la pubb<span class=\"_ _2\"></span>licazione. Fatt<span class=\"_ _1\"></span>i di<span class=\"_ _2\"></span> ri<span class=\"_ _1\"></span>lievo<span class=\"_ _2\"></span> de<span class=\"_ _1\"></span>ll\u2019e<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>ciz<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span> I fatti di rilievo de<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>l\u2019esercizio sono co<span class=\"_ _1\"></span>mmentati <span class=\"_ _3\"></span><span class=\"ff21\">nella re<span class=\"_ _2\"></span>lazione degli am<span class=\"_ _2\"></span>ministratori su<span class=\"_ _2\"></span>lla gest<span class=\"_ _1\"></span>ione.<span class=\"_ _1\"></span> </span>Si<span class=\"ls0\"> <span class=\"_ _1\"></span>ricorda <span class=\"_ _1\"></span>ch<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>in <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>15 <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>uglio <span class=\"_ _16\"></span>RCS, <span class=\"_ _1\"></span>Kryalos <span class=\"_ _1\"></span>SGR <span class=\"_ _16\"></span>S.p.A. <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>nome <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>conto <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Fondo <span class=\"_ _1\"></span>Delphine <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>Blackstone </span>(e <span class=\"_\"> </span>tutte <span class=\"_\"> </span>le <span class=\"_\"> </span>e<span class=\"_ _2\"></span>ntit\u00e0 <span class=\"_\"> </span>del <span class=\"_ _11\"> </span>gruppo <span class=\"_\"> </span>Blackstone <span class=\"_\"> </span>a<span class=\"_ _2\"></span>ttrici <span class=\"_\"> </span>nei <span class=\"_ _11\"> </span>procedimenti <span class=\"_\"> </span>intentati<span class=\"_ _2\"></span> <span class=\"_\"> </span>a <span class=\"_\"> </span>N<span class=\"_ _2\"></span>ew <span class=\"_\"> </span>York) <span class=\"_\"> </span>ha<span class=\"_ _2\"></span>nno <span class=\"_\"> </span>definit<span class=\"_ _2\"></span>o transatt<span class=\"_ _2\"></span>ivamente <span class=\"_\"> </span>le <span class=\"_ _10\"> </span>controversie. <span class=\"_\"> </span>L\u2019accordo <span class=\"_ _10\"> </span>raggiunto <span class=\"_\"> </span>ha <span class=\"_ _10\"> </span>comportato <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>definitiva <span class=\"_\"> </span>cessazione <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>tutti <span class=\"_ _10\"> </span>i contenziosi p<span class=\"_ _2\"></span>endenti negl<span class=\"_ _2\"></span>i Stati U<span class=\"_ _2\"></span>niti e in <span class=\"_ _2\"></span>Italia e, <span class=\"_ _1\"></span>pi<span class=\"_ _3\"></span>\u00f9 in <span class=\"_ _2\"></span>generale, la <span class=\"_ _2\"></span>reciproca <span class=\"_ _2\"></span>rinuncia a ogn<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> pretesa, <span class=\"_ _2\"></span>azione,<span class=\"_ _2\"></span> danno <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>relazione <span class=\"_ _6\"></span>alla <span class=\"_ _3\"></span>compravendita <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>2013 <span class=\"_ _6\"></span>e <span class=\"_ _3\"></span>alle <span class=\"_ _6\"></span>azioni <span class=\"_ _3\"></span>intraprese <span class=\"_ _6\"></span>da <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>essa.<span class=\"_ _3\"></span>  <span class=\"_ _6\"></span>RCS <span class=\"_ _3\"></span>ha corrisposto un con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ributo di euro 10 <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ilioni alle spes<span class=\"_ _2\"></span>e sostenute da <span class=\"_ _2\"></span>controparte. Ino<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>tre, RCS ha ac<span class=\"_ _2\"></span>quistato, a<span class=\"_ _2\"></span>l prezzo <span class=\"_ _7\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _7\"> </span>59,9 <span class=\"_ _7\"> </span>milioni, <span class=\"_ _7\"> </span>l\u2019immobile <span class=\"_ _8\"> </span>di <span class=\"_ _7\"> </span>Via <span class=\"_ _8\"> </span>Solferino, <span class=\"_ _14\"></span>se<span class=\"_ _3\"></span>de <span class=\"_ _7\"> </span>storica <span class=\"_ _7\"> </span>de<span class=\"_ _3\"></span><span class=\"ff21 ls6\">l <span class=\"_ _8\"></span></span><span class=\"ff26\">Corriere <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>Sera<span class=\"ff21\"> <span class=\"_ _8\"></span>e <span class=\"_ _7\"></span>parte <span class=\"_ _8\"></span>del </span></span>complesso <span class=\"_ _1b\"> </span>immobiliare. <span class=\"_ _147\"> </span>Contestualmente <span class=\"_ _1b\"> </span>alla <span class=\"_ _1b\"> </span>sottoscrizione <span class=\"_ _1b\"> </span>del <span class=\"_ _1b\"> </span>relativo <span class=\"_ _1b\"> </span>contratto <span class=\"_ _1b\"> </span>preliminare <span class=\"_ _147\"> </span>di compravendita <span class=\"_ _3\"></span>immobiliare, <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>data <span class=\"_ _3\"></span>15 <span class=\"_ _6\"></span>luglio <span class=\"_ _6\"></span>2022 <span class=\"_ _3\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>versato <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>Kryalos <span class=\"_ _6\"></span>un <span class=\"_ _3\"></span>acconto <span class=\"_ _6\"></span>prezzo <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>10 milioni. <span class=\"_ _3\"></span><span class=\"ff24\">L\u2019acquisto <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _2\"></span>immobile <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _3\"></span>finalizzato <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _3\"></span>19 <span class=\"_ _6\"></span>ottobre <span class=\"_ _3\"></span>2022,<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _6\"></span>con contestuale <span class=\"_ _6\"></span>pagamento <span class=\"_ _3\"></span>del </span></span>saldo <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>per <span class=\"_ _6\"></span>euro 49,9 <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ilioni. <span class=\"_ _3\"></span>Per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>maggior <span class=\"_ _6\"></span>dettaglio sulla <span class=\"_ _6\"></span>suddetta<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>transazione <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>invia <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>paragrafo \u201cImpegni, rischi <span class=\"_ _2\"></span>ed altre informazi<span class=\"_ _2\"></span>oni<span class=\"ff24\">\u201d della presente </span>r<span class=\"_ _2\"></span>elazione finanzi<span class=\"_ _2\"></span>aria annuale. Prin<span class=\"_ _1\"></span>cipi<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>ab<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>i s<span class=\"_ _2\"></span>ig<span class=\"_ _1\"></span>nifica<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ivi<span class=\"_ _1\"></span> 1. F<span class=\"_ _1\"></span>orma <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>conte<span class=\"_ _1\"></span>nuto <span class=\"_ _16\"></span>del <span class=\"_ _16\"></span>bilan<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>cons<span class=\"_ _1\"></span>olida<span class=\"_ _2\"></span>to La<span class=\"ls0\"> <span class=\"_ _6\"></span>valuta <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>presentazione <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>presente <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span><span class=\"ff24\">l\u2019euro,</span> <span class=\"_ _3\"></span>utilizzato <span class=\"_ _6\"></span>come <span class=\"_ _3\"></span>valuta <span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>unziona<span class=\"_ _2\"></span>le <span class=\"_ _6\"></span>dalla </span>maggior <span class=\"_ _14\"></span>parte <span class=\"_ _14\"></span>delle <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>Gruppo. <span class=\"_ _14\"></span>Ove <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>differente<span class=\"_ _2\"></span>mente <span class=\"_ _14\"></span>indicato, <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>utti <span class=\"_ _6\"></span>gli <span class=\"_ _3\"></span>importi <span class=\"_ _3\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>espressi <span class=\"_ _3\"></span><span class=\"ls6\">in</span> milioni di <span class=\"_ _3\"></span>euro. <span class=\"ls47\">Al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 2022 <span class=\"ls6\">il</span> <span class=\"_ _3\"></span>bilancio consolidato <span class=\"_ _6\"></span>comprende 51 <span class=\"_ _3\"></span>societ\u00e0 controllate <span class=\"_ _3\"></span>direttamente e indirettamente <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>consolid<span class=\"_ _2\"></span>ate <span class=\"_ _1\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>metodo integrale (51 societ<span class=\"_ _2\"></span>\u00e0 al 31 dicemb<span class=\"_ _2\"></span>re 2021). La rev<span class=\"_ _2\"></span>isione leg<span class=\"_ _2\"></span>ale del <span class=\"_ _2\"></span>bilancio <span class=\"_ _2\"></span>consolidato <span class=\"_ _2\"></span>\u00e8 svol<span class=\"_ _2\"></span>ta da <span class=\"_ _1\"></span>Deloitte &amp; Touch<span class=\"_ _2\"></span>e S.<span class=\"_ _1\"></span>p.A.<span class=\"_ _2\"></span> 2. S<span class=\"_ _2\"></span>ch<span class=\"_ _2\"></span>emi<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> bi<span class=\"_ _1\"></span>lanci<span class=\"_ _2\"></span>o Di<span class=\"ls0\"> seguito si elenca<span class=\"_ _2\"></span>no gli schem<span class=\"_ _2\"></span>i del bilancio <span class=\"_ _2\"></span>consolidato di G<span class=\"_ _1\"></span>ruppo<span class=\"_ _1\"></span>. </span>Il <span class=\"_ _16\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _0\"></span>consolidato <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _16\"></span>redatto <span class=\"_ _16\"></span>secondo <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>o <span class=\"_ _16\"></span>schema <span class=\"_ _16\"></span>con <span class=\"_ _16\"></span>destinazione <span class=\"_ _16\"></span>dei <span class=\"_ _16\"></span>costi <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span>natura, <span class=\"_ _16\"></span>evidenziand<span class=\"_ _2\"></span>o i <span class=\"_ _3\"></span>risultati <span class=\"_ _3\"></span>intermedi relativi <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>risultato <span class=\"_ _3\"></span>operativo <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>risultato <span class=\"_ _3\"></span>prima<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>imposte, <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>consentire <span class=\"_ _3\"></span>una migliore mis<span class=\"_ _2\"></span>urabilit\u00e0 dell\u2019<span class=\"_ _2\"></span>andamento de<span class=\"_ _2\"></span>lla norma<span class=\"_ _2\"></span>le gestione <span class=\"_ _2\"></span>operativa. Ne<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>le note esp<span class=\"_ _2\"></span>licative vengono<span class=\"_ _1\"></span> i<span class=\"_ _3\"></span>noltre indicate <span class=\"_ _8\"></span>separatamente <span class=\"_ _7\"></span>le <span class=\"_ _15\"> </span>componenti <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>costo <span class=\"_ _15\"></span>e <span class=\"_ _8\"></span>ricavo <span class=\"_ _8\"></span>derivanti <span class=\"_ _8\"></span>da <span class=\"_ _15\"> </span>eventi <span class=\"_ _8\"></span>o <span class=\"_ _8\"></span>operazioni <span class=\"_ _8\"></span>che <span class=\"_ _8\"></span>per <span class=\"_ _15\"> </span>natura <span class=\"_ _8\"></span>e<span class=\"_ _6\"></span> rilevanza <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>importo <span class=\"_ _1\"></span>sono <span class=\"_ _16\"></span>da <span class=\"_ _1\"></span>considerarsi <span class=\"_ _0\"></span>non <span class=\"_ _1\"></span>ricorrenti, <span class=\"_ _16\"></span>secondo <span class=\"_ _16\"></span>la <span class=\"_ _1\"></span>definizione <span class=\"_ _16\"></span>contenuta<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>nella <span class=\"_ _16\"></span>Comunicazione<span class=\"_ _2\"></span> CONSOB<span class=\"_ _2\"></span> n. 6064293 del 28 luglio <span class=\"_ _2\"></span>2006. Gli <span class=\"_ _11\"> </span>effetti <span class=\"_ _11\"> </span>economici <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>attivit\u00e0 <span class=\"_ _11\"> </span>operative <span class=\"_ _11\"> </span>cessate <span class=\"_ _11\"> </span>sono <span class=\"_ _11\"> </span>esposti <span class=\"_ _11\"> </span>in <span class=\"_ _11\"> </span>un\u2019unica <span class=\"_ _11\"> </span>voce <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>conto <span class=\"_\"> </span><span class=\"ff21\">econo<span class=\"_ _1\"></span>mic<span class=\"_ _2\"></span>o </span>denom<span class=\"_ _2\"></span>ina<span class=\"_ _1\"></span>ta <span class=\"_ _12\"> </span>\u201cRis<span class=\"_ _1\"></span>ultat<span class=\"_ _2\"></span>o <span class=\"_ _12\"> </span>net<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>delle<span class=\"_ _1\"></span> <span class=\"_ _11\"> </span>att<span class=\"_ _2\"></span>ivit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _12\"> </span>ce<span class=\"_ _2\"></span>ssa<span class=\"_ _1\"></span>te\u201d,<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>cos\u00ec <span class=\"_ _15\"> </span>come <span class=\"_ _15\"> </span>previ<span class=\"_ _1\"></span>sto <span class=\"_ _12\"> </span>dal<span class=\"_ _1\"></span>l\u2019IF<span class=\"_ _2\"></span>RS<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>5. <span class=\"_ _11\"> </span>Nel <span class=\"_ _11\"> </span>con<span class=\"_ _1\"></span>to <span class=\"_\"> </span>e<span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>nom<span class=\"_ _1\"></span>ico con<span class=\"_ _1\"></span>solida<span class=\"_ _1\"></span>to <span class=\"_ _4\"> </span>comp<span class=\"_ _1\"></span>lessi<span class=\"_ _2\"></span>vo <span class=\"_ _10\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>ino<span class=\"_ _2\"></span>ltr<span class=\"_ _1\"></span>e <span class=\"_ _5\"> </span>ri<span class=\"_ _1\"></span>levat<span class=\"_ _2\"></span>e <span class=\"_ _4\"> </span>le <span class=\"_ _4\"> </span>\u201cv<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>azi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i <span class=\"_ _4\"> </span>gen<span class=\"_ _1\"></span>erate <span class=\"_ _4\"> </span>da<span class=\"ls0\"> <span class=\"_ _f\"> </span>transazioni <span class=\"_ _4\"> </span>con <span class=\"_ _10\"> </span>i <span class=\"_ _4\"> </span>non <span class=\"_ _f\"> </span></span>soci\u201d<span class=\"ff26\"> </span>(evidenziando <span class=\"_ _1\"></span>separatamen<span class=\"_ _2\"></span>te <span class=\"_ _1\"></span>i re<span class=\"_ _2\"></span>lativi <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>effetti <span class=\"_ _1\"></span>fiscali), in particola<span class=\"_ _2\"></span>re: <span class=\"ff21 fs2 fc0\">le <span class=\"_ _6\"></span>voci <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>utile <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>perdita <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>pr<span class=\"_ _3\"></span>ecedenza <span class=\"_ _3\"></span>potevano <span class=\"_ _6\"></span>essere <span class=\"_ _3\"></span>imputate <span class=\"_ _6\"></span>direttamen<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>patrimonio <span class=\"_ _3\"></span>netto <span class=\"_ _6\"></span>(ad <span class=\"_ _6\"></span>es.<span class=\"_ _2\"></span> </span>utili/perdite attua<span class=\"_ _2\"></span>riali generati da va<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>utazione di <span class=\"_ _2\"></span>piani a benefici def<span class=\"_ _1\"></span>init<span class=\"_ _2\"></span>i)<span class=\"_ _2\"></span>; <span class=\"ff21 fs2 fc0\">gli effetti della valu<span class=\"_ _2\"></span>tazione degli strumenti<span class=\"_ _2\"></span> derivati a copertur<span class=\"_ _2\"></span>a dei flussi di cassa f<span class=\"_ _2\"></span>utu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>; </span><span class=\"ff21 fs2 fc0\">gli effetti della valutazion<span class=\"_ _2\"></span>e delle attivit\u00e0 finanz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>arie disponibili per la ve<span class=\"_ _1\"></span>ndita<span class=\"_ _1\"></span>; </span><span class=\"ff24 fs2 fc0\">l\u2019effetto<span class=\"ff21\"> derivante <span class=\"ls7\">da</span> eventuali cambiamenti dei princi<span class=\"_ _2\"></span>pi cont<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> </span></span>Il<span class=\"ls0\"> <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _3\"></span>consolidato <span class=\"_ _6\"></span>comples<span class=\"_ _2\"></span>sivo <span class=\"_ _3\"></span>presenta <span class=\"_ _6\"></span><span class=\"ls6\">le</span> <span class=\"_ _3\"></span>voci <span class=\"_ _6\"></span>relative <span class=\"_ _3\"></span>agli <span class=\"_ _6\"></span>importi <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>componen<span class=\"_ _2\"></span>ti del </span>conto <span class=\"_ _0\"></span>economico <span class=\"_ _0\"></span>complessivo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>natura <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>raggruppate <span class=\"_ _0\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>quelle <span class=\"_ _1\"></span>che, <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>conformit\u00e0 <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>disposizioni </span></span>di altri IAS/IFRS:<span class=\"_ _2\"></span> <span class=\"ff21 fs2 fc0\">non saranno successivamen<span class=\"_ _2\"></span>te riclass<span class=\"ff24\">ificate nell\u2019ut<span class=\"_ _2\"></span>ile<span class=\"ff21\"> (perdita) </span>del<span class=\"_ _2\"></span>l\u2019<span class=\"_ _2\"></span>ese<span class=\"_ _1\"></span>rcizi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>;<span class=\"ff21\"> </span></span></span>saranno <span class=\"_ _a1\"> </span>successivamen<span class=\"_ _2\"></span>te <span class=\"_ _a1\"> </span>riclassifica<span class=\"_ _2\"></span>te <span class=\"_ _a1\"> </span>nell\u2019utile <span class=\"_ _b\"> </span>(<span class=\"_ _3\"></span>perdita) <span class=\"_ _a1\"> </span>dell\u2019ese<span class=\"_ _2\"></span>rcizio, <span class=\"_ _a1\"> </span>quando <span class=\"_ _b\"> </span>saranno <span class=\"_ _a1\"> </span>soddisfatte determinate cond<span class=\"_ _2\"></span>izioni. Lo<span class=\"ls0\"> <span class=\"_ _1\"></span>stato <span class=\"_ _1\"></span>pat<span class=\"_ _2\"></span>rimo<span class=\"_ _1\"></span>nial<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>cons<span class=\"_ _1\"></span>oli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>reda<span class=\"_ _2\"></span>tto<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>secon<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls17\">lo<span class=\"ls0\"> s<span class=\"_ _2\"></span>che<span class=\"_ _1\"></span>ma <span class=\"_ _2\"></span>che<span class=\"_ _1\"></span> ev<span class=\"_ _1\"></span>idenz<span class=\"_ _2\"></span>ia <span class=\"_ _1\"></span><span class=\"ls17\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>ripart<span class=\"_ _1\"></span>izion<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 </span></span></span></span></span>tra<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff24\">\u201ccorrenti\u201d<span class=\"ff21\"> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span><span class=\"ff24\">\u201cnon<span class=\"ff21\"> <span class=\"_ _2\"></span><span class=\"ff24\">correnti\u201d<span class=\"ff21\"> <span class=\"_ _16\"></span>e con <span class=\"_ _16\"></span><span class=\"ff24\">l\u2019indicazione,<span class=\"ff21\"> <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>due <span class=\"_ _1\"></span>voci <span class=\"_ _2\"></span>separate, delle <span class=\"_ _1\"></span><span class=\"ff24\">\u201cAttivit\u00e0<span class=\"ff21\"> desti<span class=\"_ _2\"></span>nate <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span><span class=\"ff24\">vendita\u201d<span class=\"ff21\"> e<span class=\"_ _2\"></span> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>delle <span class=\"_ _18\"> </span><span class=\"ff24\">\u201cPassivit\u00e0</span> <span class=\"_ _b\"> </span>destinate <span class=\"_ _18\"> </span>alla <span class=\"_ _b\"> </span>dismissione <span class=\"_ _18\"> </span>o <span class=\"_ _b\"> </span><span class=\"ff24\">cessate\u201d, <span class=\"_ _a1\"> </span>come <span class=\"_ _a1\"> </span>previsto <span class=\"_ _a1\"> </span>dall\u2019IFRS <span class=\"_ _a1\"> </span>5. <span class=\"_ _a1\"> </span>In <span class=\"_ _a1\"> </span></span>particolare, un\u2019attivit\u00e0/passivi<span class=\"_ _2\"></span>t\u00e0 \u00e8 classi<span class=\"_ _2\"></span>ficata come cor<span class=\"_ _2\"></span>rente quando sodd<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>sfa uno dei segu<span class=\"_ _2\"></span>enti criteri:<span class=\"ff21\"> </span><span class=\"ff21 fs2 fc0\">ci si <span class=\"_ _1\"></span>aspetta che <span class=\"_ _1\"></span>sia <span class=\"_ _2\"></span>realizzata/estin<span class=\"_ _2\"></span>ta o <span class=\"_ _1\"></span>si p<span class=\"_ _2\"></span>revede <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>sia <span class=\"_ _1\"></span>venduta o <span class=\"_ _1\"></span>utilizzata n<span class=\"_ _1\"></span>el<span class=\"_ _3\"></span> n<span class=\"_ _2\"></span>ormale <span class=\"_ _1\"></span>ciclo op<span class=\"_ _2\"></span>erativo <span class=\"_ _2\"></span>della </span>societ\u00e0; <span class=\"ff21 fs2 fc0\">\u00e8 posseduta principal<span class=\"_ _2\"></span>mente per essere negoz<span class=\"_ _2\"></span>iata; </span><span class=\"ff24 fs2 fc0\">si prevede che si realizz<span class=\"_ _2\"></span>i/estingua entr<span class=\"_ _2\"></span>o 12 mesi dal<span class=\"_ _2\"></span>la data di chiusura<span class=\"_ _2\"></span> dell\u2019eserciz<span class=\"_ _2\"></span>io.<span class=\"ff21\"> </span></span>In mancanza di <span class=\"_ _2\"></span>tutte e tre le<span class=\"_ _2\"></span> condizioni, le at<span class=\"_ _2\"></span>tivit\u00e0/passi<span class=\"_ _2\"></span>vit\u00e0 sono classif<span class=\"_ _2\"></span>icate come non cor<span class=\"_ _2\"></span>ren<span class=\"_ _1\"></span>ti. Il rendiconto finanziario consolidato \u00e8 stato predisposto applicando il metodo indiretto per<span class=\"_ _3\"></span> mezzo del quale <span class=\"ls17\">il</span> risultato ope<span class=\"_ _2\"></span>rativo \u00e8 <span class=\"_ _2\"></span>rettificato dag<span class=\"_ _2\"></span>li effe<span class=\"_ _2\"></span>tti delle op<span class=\"_ _1\"></span>erazioni di natu<span class=\"_ _2\"></span>ra non monetar<span class=\"_ _2\"></span>ia, da qualsiasi differim<span class=\"_ _2\"></span>ento o accantonamento di precedenti o futuri i<span class=\"_ _3\"></span>ncassi o pagamenti operativi e <span class=\"_ _3\"></span>da elementi di ricavi o <span class=\"_ _3\"></span>costi connessi con <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi <span class=\"_ _14\"></span>finanziari <span class=\"_ _7\"></span>derivanti <span class=\"_ _14\"></span>dall\u2019attivit\u00e0 <span class=\"_ _7\"> </span>d\u2019investimento <span class=\"_ _14\"></span>o <span class=\"_ _7\"> </span>finanziaria. <span class=\"_ _14\"></span>I <span class=\"_ _7\"> </span>proventi <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _14\"></span>oneri <span class=\"_ _7\"></span>relativi <span class=\"_ _14\"></span>alle operazioni <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>finan<span class=\"_ _1\"></span>ziam<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>a <span class=\"_ _7\"></span>med<span class=\"_ _2\"></span>io/<span class=\"_ _2\"></span>lun<span class=\"_ _2\"></span>go<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>ter<span class=\"_ _1\"></span>mine<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls49\">ed</span> <span class=\"_ _8\"></span><span class=\"ls3\">ai</span> <span class=\"_ _7\"></span>relat<span class=\"_ _1\"></span>ivi <span class=\"_ _7\"></span>st<span class=\"_ _2\"></span>rum<span class=\"_ _1\"></span>enti<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls7\">di</span> <span class=\"_ _8\"></span>co<span class=\"_ _1\"></span>pertu<span class=\"_ _2\"></span>ra, <span class=\"_ _14\"></span>non<span class=\"_ _1\"></span>ch\u00e9 <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>div<span class=\"_ _1\"></span>idend<span class=\"_ _1\"></span>i corrisposti <span class=\"_ _8\"> </span>sono <span class=\"_ _15\"> </span>inclusi <span class=\"_ _15\"> </span>nell\u2019attivit\u00e0 <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>finanziamento<span class=\"_ _2\"></span>. <span class=\"_ _15\"> </span>I <span class=\"_ _15\"> </span>paga<span class=\"_ _3\"></span>menti <span class=\"_ _8\"></span>r<span class=\"_ _3\"></span>elativi <span class=\"_ _15\"> </span>alle <span class=\"_ _8\"></span>passivit\u00e0 <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>leasing <span class=\"_ _15\"> </span>sono compresi nei <span class=\"_ _2\"></span>flussi della ge<span class=\"_ _2\"></span>stione finanziaria. Il <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>ospetto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>movimentazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>patrimonio <span class=\"_ _6\"></span>netto <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>illustra <span class=\"_ _14\"></span>le <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>intervenute <span class=\"_ _6\"></span>nelle <span class=\"_ _6\"></span>voci del patrimonio ne<span class=\"_ _2\"></span>tto relativ<span class=\"_ _2\"></span>e a: <span class=\"ff24 fs2 fc0\">destinazione dell\u2019uti<span class=\"_ _2\"></span>le di p<span class=\"ff21\">eriodo; </span></span><span class=\"ff21 fs2 fc0\">ammontare <span class=\"_ _14\"></span>relativo <span class=\"_ _6\"></span>ad <span class=\"_ _14\"></span>operazioni <span class=\"_ _14\"></span>con <span class=\"_ _6\"></span>gli <span class=\"_ _14\"></span>azionisti <span class=\"_ _6\"></span>(acquisto <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>vendita <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>azioni <span class=\"_ _14\"></span>proprie); <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>separatamente <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span> </span>proventi <span class=\"_ _3\"></span>ed <span class=\"_ _6\"></span>oneri <span class=\"_ _6\"></span>definiti <span class=\"_ _3\"></span><span class=\"ff27\">\u201cvariazioni <span class=\"_ _6\"></span>genera<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>da <span class=\"_ _3\"></span>transazioni <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>i <span class=\"_ _3\"></span>non<span class=\"_ _3\"></span><span class=\"ff26\">- <span class=\"_ _6\"></span></span>soci\u201d, <span class=\"_ _6\"></span><span class=\"ff21\">che <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>riportate <span class=\"_ _6\"></span>anche <span class=\"_ _3\"></span>nel </span></span>conto economico <span class=\"_ _2\"></span>consolidato comp<span class=\"_ _2\"></span>lessivo. Si <span class=\"_ _11\"> </span>precisa, <span class=\"_ _12\"> </span>infine, <span class=\"_ _12\"> </span>che <span class=\"_ _11\"> </span>con <span class=\"_ _12\"> </span>riferimento <span class=\"_ _12\"> </span>alla <span class=\"_ _11\"> </span>Delibera <span class=\"_ _12\"> </span>Consob <span class=\"_ _11\"> </span>n. <span class=\"_ _12\"> </span>15519 <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span><span class=\"ls7\">27<span class=\"_ _3\"></span></span> <span class=\"_ _11\"> </span>luglio <span class=\"_ _12\"> </span>2006 <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>merito <span class=\"_ _14\"></span>agli schemi <span class=\"_\"> </span>di <span class=\"_\"> </span>b<span class=\"_ _2\"></span>ilancio <span class=\"_\"> </span>in <span class=\"_\"> </span>alle<span class=\"_ _1\"></span>gat<span class=\"_ _3\"></span>o, <span class=\"_\"> </span>sono <span class=\"_\"> </span>s<span class=\"_ _2\"></span>tati <span class=\"_\"> </span>inseriti <span class=\"_ _11\"> </span>specifici <span class=\"_\"> </span>schemi <span class=\"_ _11\"> </span>supplementari <span class=\"_\"> </span>diconto <span class=\"_\"> </span>econo<span class=\"_ _2\"></span>mico consolidato e <span class=\"_ _6\"></span>stato <span class=\"_ _3\"></span>patrimo<span class=\"_ _2\"></span>niale <span class=\"_ _3\"></span>consolidato con <span class=\"_ _3\"></span>evidenza <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>rapporti si<span class=\"_ _3\"></span>gnificativ<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> con parti co<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>relate, <span class=\"ls4\">al</span> f<span class=\"_ _2\"></span>ine di <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>compromettere <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>leggibilit\u00e0 <span class=\"_ _1\"></span>complessiva <span class=\"_ _2\"></span>degli schem<span class=\"_ _2\"></span>i di bilancio.<span class=\"_ _2\"></span> </span></span>3. A<span class=\"_ _1\"></span>rea <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>nso<span class=\"_ _2\"></span>lid<span class=\"_ _2\"></span>ame<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>to Nel corso del 2022 <span class=\"_ _2\"></span>il perimetro di <span class=\"_ _2\"></span>consolidato ha sub<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>to le seguenti m<span class=\"_ _2\"></span>odifiche:  la <span class=\"_\"> </span>societ<span class=\"_ _2\"></span>\u00e0 <span class=\"_\"> </span>con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>rollata <span class=\"_ _11\"> </span>Cairo <span class=\"_ _11\"> </span>Pubblicit\u00e0 <span class=\"_\"> </span>S.p.A<span class=\"_ _2\"></span>., <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>precede<span class=\"_ _2\"></span>nza <span class=\"_ _11\"> </span>consolidata <span class=\"_ _11\"> </span>integralmente, <span class=\"_\"> </span>\u00e8 <span class=\"_ _12\"> </span>stata <span class=\"_\"> </span>fu<span class=\"_ _2\"></span>sa <span class=\"_\"> </span>p<span class=\"_ _1\"></span>er incorporazione in Ca<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ro Comm<span class=\"_ _2\"></span>unication S.p.A.,<span class=\"_ _2\"></span> <span class=\"ff21 fs2 fc0\">sono state costituite e cons<span class=\"_ _2\"></span>olidate in<span class=\"_ _2\"></span>tegralmente le segu<span class=\"_ _2\"></span>enti societ\u00e0 </span>\u2212<span class=\"ff29\"> <span class=\"_ _1c6\"> </span><span class=\"ff21\">Unidad Editorial<span class=\"_ _2\"></span> Sports&amp;Events<span class=\"_ _2\"></span> S.L.U. </span></span>\u2212<span class=\"ff29\"> <span class=\"_ _1c6\"> </span><span class=\"ff21\">Ecomozione 5D S.L.<span class=\"_ _1\"></span> </span></span>\u2212<span class=\"ff29\"> <span class=\"_ _1c6\"> </span><span class=\"ff21\">Emoxione S.r.l.<span class=\"_ _2\"></span> </span></span><span class=\"ff21 fs2 fc0\">sono <span class=\"_ _14\"></span>state <span class=\"_ _14\"></span>inoltre <span class=\"_ _14\"></span>fuse <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>incorporazione <span class=\"_ _14\"></span>la <span class=\"_ _14\"></span>societ\u00e0 <span class=\"_ _14\"></span>Logintegral <span class=\"_ _14\"></span>2000 <span class=\"_ _6\"></span>S.A.U. <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>Unidad <span class=\"_ _14\"></span>Editorial<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>S.A. <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>la </span>societ\u00e0 <span class=\"_ _1\"></span>RCS <span class=\"_ _1\"></span>Edizioni <span class=\"_ _1\"></span>Locali <span class=\"_ _2\"></span>S.r.l. <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>RCS <span class=\"_ _2\"></span>MediaGroup<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>S.p.A. <span class=\"_ _1\"></span>Entrambe que<span class=\"_ _1\"></span>st<span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>erano <span class=\"_ _1\"></span>precedentemente consolidate integ<span class=\"_ _2\"></span>ralmente. 4. C<span class=\"_ _1\"></span>rite<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> val<span class=\"_ _1\"></span>utazi<span class=\"_ _2\"></span>one Il <span class=\"_ _11\"> </span>bil<span class=\"_ _3\"></span>ancio <span class=\"_ _11\"> </span>consolidato <span class=\"_ _11\"> </span>\u00e8 <span class=\"_\"> </span>stato <span class=\"_ _11\"> </span>redatto <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>con<span class=\"_ _2\"></span>formit\u00e0 <span class=\"_\"> </span>a <span class=\"_ _11\"> </span>quanto <span class=\"_\"> </span>di<span class=\"_ _2\"></span>sposto <span class=\"_ _11\"> </span>dalla <span class=\"_ _11\"> </span>CONSOB <span class=\"_ _11\"> </span>con <span class=\"_\"> </span>delibera <span class=\"_ _11\"> </span><span class=\"ls7\">n.<span class=\"_ _3\"></span></span> 11971/1999 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>successive <span class=\"_ _1\"></span>modifiche, <span class=\"_ _1\"></span><span class=\"ls6\">tra<span class=\"ls0\"> <span class=\"_ _1\"></span>cui <span class=\"_ _2\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>particolare <span class=\"_ _1\"></span>quelle <span class=\"_ _1\"></span>introdotte <span class=\"_ _2\"></span>dalle <span class=\"_ _1\"></span>delibere n. <span class=\"_ _1\"></span>14990 <span class=\"_ _1\"></span>del 14 <span class=\"_ _1\"></span>aprile </span></span></span></span>2005 <span class=\"_ _1\"></span>e n<span class=\"_ _2\"></span>. <span class=\"_ _1\"></span>15519 <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>27 <span class=\"_ _2\"></span>luglio <span class=\"_ _1\"></span>2006, <span class=\"_ _1\"></span>contiene <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>prospetti <span class=\"_ _1\"></span>contabili <span class=\"_ _1\"></span>e le <span class=\"_ _16\"></span>note <span class=\"_ _2\"></span>esplicativ<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>ed<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>integrative <span class=\"_ _1\"></span>consolidati di <span class=\"_\"> </span>Gruppo, <span class=\"_\"> </span>el<span class=\"_ _2\"></span>aborati <span class=\"_\"> </span>adot<span class=\"_ _2\"></span>tando <span class=\"_\"> </span>i <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>incip<span class=\"_ _1\"></span>i <span class=\"_\"> </span>c<span class=\"_ _1\"></span>ontab<span class=\"_ _1\"></span>ili <span class=\"_ _12\"> </span>inter<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>zio<span class=\"_ _2\"></span>na<span class=\"_ _1\"></span>li <span class=\"_ _11\"> </span>IFR<span class=\"_ _2\"></span>S <span class=\"_ _12\"> </span>emessi<span class=\"_ _1\"></span> <span class=\"_\"> </span>d<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>o <span class=\"_ _11\"> </span>IA<span class=\"_ _1\"></span>SB <span class=\"_ _11\"> </span>(<span class=\"ff26\">In<span class=\"_ _2\"></span>tern<span class=\"_ _1\"></span>ation<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>Acc<span class=\"_ _1\"></span>ounti<span class=\"_ _2\"></span>ng <span class=\"_ _3\"></span>Stan<span class=\"_ _1\"></span>dards<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>Board<span class=\"ff24\">) <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>adottati <span class=\"_ _14\"></span>dall\u2019Un<span class=\"_ _2\"></span>ione <span class=\"_ _14\"></span>Europea. <span class=\"_ _6\"></span>Per <span class=\"_ _14\"></span>IFRS <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>intendono <span class=\"_ _6\"></span>tutti <span class=\"_ _14\"></span>gli <span class=\"_ _6\"></span>\u201c<span class=\"_ _6\"></span><span class=\"ff26\">Internationa<span class=\"_ _2\"></span>l </span></span>Financial <span class=\"_ _12\"> </span>Reporting <span class=\"_ _11\"> </span>Standards<span class=\"ff24\">\u201d<span class=\"ff21\"> <span class=\"_ _12\"> </span>(IFRS), <span class=\"_ _11\"> </span>tutti <span class=\"_ _12\"> </span>gli <span class=\"_ _11\"> </span></span>\u201c</span>I<span class=\"_ _3\"></span>nternationa<span class=\"_ _2\"></span>l <span class=\"_ _11\"> </span>Accounting <span class=\"_ _12\"> </span>Standards\u201d <span class=\"_ _11\"> </span>(IAS) <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>tutte <span class=\"_ _10\"> </span>le interpretazioni <span class=\"_ _3\"></span>dell\u2019\u201c<span class=\"ff26\">International <span class=\"_ _6\"></span>Financial <span class=\"_ _3\"></span>Reporting <span class=\"_ _6\"></span>Standards <span class=\"_ _6\"></span>Interpretation<span class=\"_ _2\"></span>s <span class=\"_ _6\"></span>Committee<span class=\"ff24\">\u201d <span class=\"_ _6\"></span>(IFRS <span class=\"_ _6\"></span>IC, <span class=\"_ _6\"></span>gi\u00e0 </span></span>IFRIC<span class=\"_ _2\"></span>), precedentemente d<span class=\"_ _2\"></span>enominate \u201c<span class=\"ff26\">Standing In<span class=\"_ _2\"></span>terpretations Comm<span class=\"_ _2\"></span>ittee<span class=\"ff24\">\u201d (SIC<span class=\"_ _2\"></span>).<span class=\"ff21\"> </span></span></span>Il <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>del <span class=\"_ _2\"></span>Gruppo <span class=\"_ _1\"></span>Cairo <span class=\"_ _1\"></span>Communication <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> 31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>2022 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>redatto <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>b<span class=\"ls4\">ase</span> <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>pr<span class=\"_ _3\"></span>esupposto<span class=\"_ _2\"></span> </span></span></span></span></span></span>della continuit\u00e0 aziendale, avendo <span class=\"ls6\">il<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _3\"></span>Gruppo valutato che, pur <span class=\"ls17\">in</span> presenza <span class=\"ff24\">dell\u2019at<span class=\"_ _2\"></span>tuale<span class=\"ff21\"> contesto geopolitico <span class=\"_ _3\"></span>ed </span></span></span></span>economico, <span class=\"_ _16\"></span>non <span class=\"_ _16\"></span>sussistono <span class=\"_ _16\"></span>significative <span class=\"_ _16\"></span>incertezze <span class=\"_ _16\"></span>(come <span class=\"_ _1\"></span>definite <span class=\"_ _16\"></span>nel <span class=\"_ _16\"></span>paragrafo <span class=\"_ _16\"></span>25 <span class=\"_ _16\"></span>dello <span class=\"_ _1\"></span>IAS <span class=\"_ _0\"></span>1)<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>sulla <span class=\"_ _1\"></span>continuit\u00e0 aziendale <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>considerazione <span class=\"_ _16\"></span>sia delle <span class=\"_ _16\"></span>pr<span class=\"_ _3\"></span>ospettive <span class=\"_ _16\"></span>reddituali <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>capacit\u00e0 <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>generazione <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>cassa <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>societ\u00e0 </span></span>del <span class=\"_ _2\"></span>Gruppo, s<span class=\"_ _2\"></span>ia dell\u2019assetto <span class=\"_ _1\"></span>della s<span class=\"_ _3\"></span>ua struttura <span class=\"_ _2\"></span>patrimoniale. Con <span class=\"_ _14\"></span>riferimento <span class=\"_ _6\"></span>alla <span class=\"_ _14\"></span>comunicazione <span class=\"_ _14\"></span>Consob <span class=\"_ _6\"></span>n. <span class=\"_ _14\"></span>DEM/11070007<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>5 <span class=\"_ _14\"></span>agosto <span class=\"_ _6\"></span>2011, <span class=\"_ _14\"></span><span class=\"ls4a\">si<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span>ricorda <span class=\"_ _8\"></span>inoltre <span class=\"_ _8\"></span>che <span class=\"_ _15\"></span>il Gruppo <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>detiene <span class=\"_ _16\"></span>in po<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>tafoglio <span class=\"_ _16\"></span>t<span class=\"_ _3\"></span>itoli <span class=\"_ _1\"></span>obbligazionari <span class=\"_ _16\"></span>emessi <span class=\"_ _1\"></span>da gove<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ni <span class=\"_ _1\"></span>centrali <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>locali <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>da <span class=\"_ _2\"></span>enti <span class=\"_ _1\"></span>governativi, e non \u00e8 pertanto e<span class=\"_ _2\"></span>sposto ai rischi deriva<span class=\"_ _2\"></span>nti dalle oscilla<span class=\"_ _2\"></span>zioni di mercato <span class=\"_ _2\"></span>dei suddett<span class=\"_ _2\"></span>i titoli. 5. P<span class=\"_ _1\"></span>rinc<span class=\"_ _2\"></span>ipi<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>ons<span class=\"_ _1\"></span>olidame<span class=\"_ _1\"></span>nto Le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _14\"></span>controlla<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>direttamente <span class=\"_ _6\"></span>ed <span class=\"_ _14\"></span>indirettamen<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>indicate <span class=\"_ _14\"></span>nell\u2019a<span class=\"_ _2\"></span>llegato <span class=\"_ _6\"></span>1 <span class=\"_ _14\"></span>\u201cLe<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>imprese <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>Cairo Communication<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ff24\">\u2013</span> <span class=\"_ _3\"></span><span class=\"ff24\">Societ\u00e0 consolidate con il <span class=\"_ _3\"></span>metodo integrale\u201d sono consolidate integralmente a <span class=\"_ _3\"></span>partir<span class=\"_ _3\"></span></span>e dalla data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acquisizione, <span class=\"_ _1\"></span>ovvero <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>ne <span class=\"_ _16\"></span>acquisisce <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>controllo <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>cessano <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>essere <span class=\"_ _16\"></span>consolidate </span></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _6\"></span><span class=\"ls6\">in</span> <span class=\"_ _3\"></span>cui <span class=\"_ _6\"></span><span class=\"ls34\">se</span> <span class=\"_ _3\"></span>ne<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>perde <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>contro<span class=\"_ _2\"></span>llo. <span class=\"_ _14\"></span>Il <span class=\"_ _14\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>controllo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>una <span class=\"_ _14\"></span>societ\u00e0<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>quando <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>virt\u00f9 <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>proprio rapporto con l\u2019entit<span class=\"ff21\">\u00e0 de<span class=\"_ _2\"></span>tiene il controllo su<span class=\"_ _2\"></span>lle attivit\u00e0 rilevanti del<span class=\"_ _2\"></span>la stessa, \u00e8 esposto ai rend<span class=\"_ _2\"></span>imenti variabili, e </span>detenendo <span class=\"_ _6\"></span>diritti <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>tali <span class=\"_ _6\"></span>rendimenti, <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>contempo <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>capacit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>influenzarli <span class=\"_ _3\"></span>esercitando <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>proprio <span class=\"_ _6\"></span>potere sull\u2019entit\u00e0 stess<span class=\"_ _2\"></span>a.<span class=\"ff21\"> </span>I <span class=\"_ _1\"></span>risultati eco<span class=\"_ _1\"></span>nomici de<span class=\"_ _2\"></span>lle <span class=\"_ _1\"></span>imprese <span class=\"_ _2\"></span>controllate <span class=\"_ _1\"></span>acquisite <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>cedute n<span class=\"_ _2\"></span>el <span class=\"_ _1\"></span>corso <span class=\"ff24\">de<span class=\"_ _1\"></span>ll\u2019esercizio<span class=\"ff21\"> so<span class=\"_ _2\"></span>no <span class=\"_ _3\"></span>inclusi <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>conto </span></span>economico <span class=\"_ _16\"></span>consolidato <span class=\"_ _1\"></span>dalla <span class=\"_ _16\"></span>data <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>ottiene <span class=\"_ _1\"></span>il <span class=\"_ _16\"></span>controllo <span class=\"_ _1\"></span>fino <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _16\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _16\"></span>il <span class=\"_ _2\"></span>Gruppo<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>esercita pi\u00f9 il controllo <span class=\"_ _2\"></span>sulle societ\u00e0<span class=\"_ _2\"></span>. Le<span class=\"ls0\"> <span class=\"_ _7\"></span>imprese <span class=\"_ _7\"></span>sulle <span class=\"_ _7\"></span>quali <span class=\"_ _7\"></span><span class=\"ls34\">si</span> <span class=\"_ _7\"></span>esercita <span class=\"_ _7\"></span><span class=\"ls7\">un</span> <span class=\"_ _8\"></span>controllo <span class=\"_ _14\"></span>congiunto <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>altri <span class=\"_ _7\"></span>soci, <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span><span class=\"ls17\">le<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>collegate <span class=\"_ _7\"></span>o <span class=\"_ _8\"></span>comunque </span>sottoposte <span class=\"_ _8\"></span>ad <span class=\"_ _15\"> </span>influenza <span class=\"_ _8\"></span>notevole <span class=\"_ _8\"></span>sono <span class=\"_ _15\"> </span>state <span class=\"_ _15\"></span>consolidate <span class=\"_ _8\"></span>con <span class=\"_ _8\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>metodo <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>patrimonio <span class=\"_ _8\"></span>netto <span class=\"_ _8\"></span>ai <span class=\"_ _15\"> </span>sensi <span class=\"_ _15\"></span>delle disposizioni conte<span class=\"_ _2\"></span>nute nell\u2019<span class=\"_ _2\"></span>IFRS 11.<span class=\"ff21\"> </span>I <span class=\"_ _15\"> </span>pr<span class=\"_ _3\"></span>incipi <span class=\"_ _15\"> </span>contabili <span class=\"_ _12\"> </span>adottati <span class=\"_ _15\"> </span>sono <span class=\"_ _12\"> </span>omogenei <span class=\"_ _15\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls17\">le<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _15\"> </span>incluse <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>consolid<span class=\"_ _2\"></span>ato <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span><span class=\"ls17\">le</span> <span class=\"_ _12\"> </span>relative <span class=\"_\"> </span>situaz<span class=\"_ _2\"></span>ioni economiche pat<span class=\"_ _2\"></span>rimoniali so<span class=\"_ _2\"></span>no tutte redatte <span class=\"_ _2\"></span>al 31 dicem<span class=\"_ _2\"></span>bre 2022. Qualora <span class=\"_ _1\"></span>necessario, <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>effettuate <span class=\"_ _1\"></span>rettifiche <span class=\"_ _2\"></span><span class=\"ls3\">ai<span class=\"ls0\"> <span class=\"_ _1\"></span>bilanci <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>imprese <span class=\"_ _1\"></span>controllate <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>lineare i<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>criteri <span class=\"_ _3\"></span>contabili </span></span>utilizzati a quell<span class=\"_ _2\"></span>i adottati da<span class=\"_ _2\"></span>l Gruppo. Il <span class=\"_ _1\"></span>consolidamento <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>bilanci d<span class=\"_ _1\"></span>elle <span class=\"_ _2\"></span>imprese <span class=\"_ _1\"></span>controllate <span class=\"_ _16\"></span>\u00e8 stato<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>effettuato <span class=\"_ _1\"></span>se<span class=\"_ _3\"></span>condo <span class=\"_ _1\"></span>il <span class=\"_ _2\"></span>metodo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>consolidamento integrale, assumendo <span class=\"_ _3\"></span>l\u2019intero <span class=\"_ _3\"></span>importo <span class=\"_ _3\"></span>delle attivit\u00e0, <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>passivit\u00e0, <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>costi<span class=\"_ _3\"></span><span class=\"ff21\"> e <span class=\"_ _1\"></span>dei ricavi de<span class=\"_ _2\"></span>lle singo<span class=\"_ _2\"></span>le soc<span class=\"_ _2\"></span>iet\u00e0, </span>prescindendo <span class=\"_ _8\"></span>dalle <span class=\"_ _8\"></span>quote <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>partecipazione <span class=\"_ _8\"></span>possedute, <span class=\"_ _12\"> </span>eliminando <span class=\"_ _12\"> </span>il <span class=\"_ _11\"> </span>valore <span class=\"_ _12\"> </span>contabile <span class=\"_ _11\"> </span>delle <span class=\"_ _12\"> </span>partecipazion<span class=\"ls17\">i </span>consolidate de<span class=\"_ _2\"></span>tenute dalla Socie<span class=\"_ _2\"></span>t\u00e0 a fronte del r<span class=\"_ _2\"></span>elativo patri<span class=\"_ _2\"></span>monio netto. Ne<span class=\"_ _2\"></span>l <span class=\"_ _1\"></span><span class=\"ls3\">caso<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> e<span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>rcizi<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span><span class=\"ff24\">de<span class=\"_ _2\"></span>ll\u2019o<span class=\"_ _1\"></span>pzio<span class=\"_ _2\"></span>ne<span class=\"ff21\"> <span class=\"_ _16\"></span>del <span class=\"_ _16\"></span><span class=\"ff24\">\u201c<span class=\"ff26\">ful<span class=\"_ _2\"></span>l <span class=\"_ _1\"></span>good<span class=\"_ _1\"></span>will<span class=\"_ _2\"></span><span class=\"ff24 ls3\">\u201d,<span class=\"ff21 ls0\"> <span class=\"_ _1\"></span>olt<span class=\"_ _2\"></span>re <span class=\"_ _1\"></span><span class=\"ls49\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>ric<span class=\"_ _2\"></span>ono<span class=\"_ _1\"></span>scime<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>l 1<span class=\"_ _2\"></span>00<span class=\"_ _1\"></span>% d<span class=\"_ _1\"></span>ei <span class=\"_ _1\"></span>fair<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>value <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _16\"></span>e </span></span></span></span></span></span></span></span></span></span></span></span></span></span>passivit\u00e0 acquisite, <span class=\"ls4\">ai</span> <span class=\"_ _3\"></span>sensi <span class=\"ff24\">dell\u2019<span class=\"ff26\">IFRS 3 - <span class=\"_ _3\"></span>Business Combinations</span></span>, <span class=\"ls34\">si</span> <span class=\"ff24\">pr<span class=\"_ _3\"></span>ocede <span class=\"_ _6\"></span>all\u2019iscrizione <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span><span class=\"ff26\">goodwill <span class=\"_ _6\"></span></span></span>delle minoranze. <span class=\"_ _3\"></span>Conseguentemente, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>odifiche <span class=\"_ _3\"></span>nella <span class=\"_ _6\"></span>quota <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>interessenz<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>costituiscono una <span class=\"_ _3\"></span>perdita <span class=\"ls7\">di</span> controllo <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span><span class=\"ls34\">si<span class=\"ls0\"> <span class=\"_ _2\"></span>riferiscono <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>partecipate <span class=\"_ _1\"></span><span class=\"ff24\">gi\u00e0 <span class=\"_ _2\"></span>sottoposte <span class=\"_ _1\"></span>al controllo <span class=\"_ _1\"></span>sono r<span class=\"_ _2\"></span>ilevati n<span class=\"_ _1\"></span>ell\u2019am<span class=\"_ _3\"></span><span class=\"ff21\">bito <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>patrimonio n<span class=\"_ _2\"></span>etto </span></span></span></span>consolidato. La <span class=\"_ _11\"> </span>quota <span class=\"_\"> </span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>interessenza <span class=\"_ _11\"> </span>degli <span class=\"_ _11\"> </span>azionisti <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>minoranza <span class=\"_ _11\"> </span>nelle <span class=\"_\"> </span>a<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _11\"> </span>nette <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>controllate <span class=\"_ _11\"> </span>consolidate <span class=\"_ _11\"> </span>\u00e8 identificata <span class=\"_ _1\"></span>separatamente <span class=\"_ _1\"></span>rispetto al <span class=\"_ _1\"></span>patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _1\"></span>di Gruppo. <span class=\"_ _2\"></span>Tale <span class=\"_ _2\"></span>interessen<span class=\"_ _2\"></span>za <span class=\"_ _1\"></span>\u00e8 stata <span class=\"_ _2\"></span>determinata <span class=\"_ _1\"></span>in bas<span class=\"_ _2\"></span>e alla <span class=\"_ _7\"></span>percentuale <span class=\"_ _8\"></span>da <span class=\"_ _8\"></span>essi <span class=\"_ _7\"></span>detenuta <span class=\"_ _8\"></span>nei <span class=\"_ _8\"></span>fair <span class=\"_ _8\"></span>value <span class=\"_ _8\"></span>delle <span class=\"_ _7\"> </span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _7\"> </span>e <span class=\"_ _8\"> </span>passivit\u00e0 <span class=\"_ _8\"> </span>iscritte <span class=\"_ _7\"></span>alla <span class=\"_ _8\"> </span>data <span class=\"_ _7\"> </span>dell\u2019acquisizione originaria e nel<span class=\"_ _2\"></span>le variazioni<span class=\"_ _2\"></span> di patrimonio ne<span class=\"_ _2\"></span>tto dopo tale da<span class=\"_ _2\"></span>ta. Gli <span class=\"_ _3\"></span>utili e <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>perdite, purch\u00e9 non <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>scarsa rilevanza, <span class=\"_ _3\"></span>non ancora re<span class=\"_ _6\"></span>alizzati derivanti da <span class=\"_ _3\"></span>operazioni fra <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>mprese rientranti <span class=\"_ _2\"></span><span class=\"ff24\">nell\u2019are<span class=\"_ _2\"></span>a<span class=\"ff21\"> <span class=\"ls7\">di</span> <span class=\"_ _2\"></span>consolidam<span class=\"_ _2\"></span>ento sono<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>eliminati, <span class=\"_ _1\"></span>cos\u00ec come <span class=\"_ _1\"></span>tutte le partite di ammontare significativo che </span></span>danno o<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>igine a <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>e crediti, <span class=\"_ _1\"></span>costi e <span class=\"_ _1\"></span>ricavi fra <span class=\"_ _f\"> </span>le im<span class=\"_ _2\"></span>prese del <span class=\"_ _1\"></span>Gruppo. T<span class=\"_ _1\"></span>ali rettifiche, <span class=\"_ _1\"></span>come le <span class=\"_ _1\"></span>altre rettif<span class=\"_ _2\"></span>iche di consolidamento, <span class=\"_ _2\"></span>tengono conto,<span class=\"_ _2\"></span> ove applicabile, d<span class=\"_ _2\"></span>el relativo eff<span class=\"_ _2\"></span>etto fiscale d<span class=\"_ _2\"></span>ifferito. I <span class=\"_ _1\"></span>dividendi <span class=\"_ _2\"></span>distribuiti <span class=\"_ _16\"></span>da soc<span class=\"_ _2\"></span>iet\u00e0 <span class=\"_ _1\"></span>consolidate <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>elimin<span class=\"_ _2\"></span>ati <span class=\"_ _2\"></span>dal <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>sommati <span class=\"_ _1\"></span>agli <span class=\"_ _1\"></span>utili di <span class=\"_ _16\"></span>esercizi precedenti se ed in <span class=\"_ _2\"></span>quanto da es<span class=\"_ _2\"></span>si prelevati. Le <span class=\"_ _12\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>destinate <span class=\"_ _12\"> </span>alla <span class=\"_ _12\"> </span>vendita, <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls17\">le</span> <span class=\"_ _11\"> </span>quali <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _11\"> </span>altamente <span class=\"_ _15\"> </span>pr<span class=\"_ _3\"></span>obabile <span class=\"_ _15\"> </span><span class=\"ls17\">la<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>cessione <span class=\"_ _12\"> </span>entro <span class=\"_ _12\"> </span>i successivi dodici mesi, <span class=\"_ _7\"></span>qualora <span class=\"_ _14\"></span>le <span class=\"_ _7\"></span>altre <span class=\"_ _7\"></span>condizioni <span class=\"_ _14\"></span>previste <span class=\"_ _7\"></span>dall\u2019IFRS <span class=\"_ _14\"></span>5 <span class=\"_ _7\"></span>siano <span class=\"_ _14\"></span>r<span class=\"_ _3\"></span>ispettate, <span class=\"_ _14\"></span>vengono <span class=\"_ _14\"></span>cl<span class=\"_ _3\"></span>assificate <span class=\"_ _14\"></span>in <span class=\"_ _7\"> </span>accordo <span class=\"_ _14\"></span>con quanto <span class=\"_ _2\"></span>stabilito <span class=\"_ _1\"></span>da tale <span class=\"_ _1\"></span>principio e <span class=\"_ _1\"></span>pertanto un<span class=\"_ _2\"></span>a vol<span class=\"_ _2\"></span>ta c<span class=\"_ _2\"></span>onsolidate <span class=\"_ _1\"></span>integralmente, l<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>tivit\u00e0 ad <span class=\"_ _1\"></span>esse <span class=\"_ _2\"></span>riferite <span class=\"_ _1\"></span>sono classificate in un\u2019unica voce definita \u201cAttivit\u00e0 destinate alla dismissione\u201d. Le passivit\u00e0 ad esse <span class=\"_ _3\"></span>correlate sono iscritte <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>un\u2019unica <span class=\"_ _1\"></span>line<span class=\"ff21\">a <span class=\"_ _1\"></span>dello <span class=\"_ _16\"></span>stato <span class=\"_ _1\"></span>patrimoniale, <span class=\"_ _16\"></span>nella <span class=\"_ _1\"></span>sezione <span class=\"_ _16\"></span>delle <span class=\"_ _1\"></span>passivit\u00e0, <span class=\"_ _1\"></span>ed <span class=\"_ _16\"></span>il <span class=\"_ _1\"></span>relativo <span class=\"_ _1\"></span>margine <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>risultato </span>\u00e8 <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>iportato <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>conto e<span class=\"_ _2\"></span>conomico <span class=\"_ _1\"></span>nella <span class=\"_ _2\"></span>linea <span class=\"_ _1\"></span><span class=\"ff24\">\u201cRisultato<span class=\"ff21\"> <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _1\"></span>destinate <span class=\"_ _1\"></span><span class=\"ff24\">alla dismissione e <span class=\"_ _2\"></span>dismesse\u201d.<span class=\"ff21\"> </span></span></span></span>I <span class=\"_ _0\"></span>bila<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>con<span class=\"_ _1\"></span>trol<span class=\"_ _2\"></span>lat<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>est<span class=\"_ _1\"></span>ere <span class=\"_ _16\"></span>esp<span class=\"_ _1\"></span>ress<span class=\"_ _2\"></span>i <span class=\"_ _0\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>valu<span class=\"_ _1\"></span><span class=\"ls17\">ta<span class=\"ls0\"> <span class=\"_ _16\"></span>dive<span class=\"_ _1\"></span>rsa <span class=\"_ _0\"></span><span class=\"ff24\">dall<span class=\"_ _2\"></span>\u2019eu<span class=\"_ _1\"></span>ro,<span class=\"ff21\"> <span class=\"_ _0\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>sed<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _16\"></span>conso<span class=\"_ _1\"></span>lid<span class=\"_ _2\"></span>ame<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span>, <span class=\"_ _16\"></span>vengono <span class=\"_ _16\"></span>convertiti </span></span></span></span></span></span></span></span></span></span>adottando per <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>dati patrimoniali <span class=\"_ _3\"></span><span class=\"ls6\">il</span> cambio <span class=\"_ _3\"></span>puntuale a <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>esercizio e <span class=\"_ _3\"></span>per <span class=\"_ _14\"></span>le <span class=\"_ _6\"></span>componenti <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>reddito <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>conto economico <span class=\"_ _8\"> </span>il <span class=\"_ _15\"> </span>cambio <span class=\"_ _8\"> </span>medio <span class=\"_ _8\"> </span>dell\u2019esercizio. <span class=\"_ _15\"> </span>Le <span class=\"_ _8\"> </span>differenze <span class=\"_ _15\"> </span>cambio<span class=\"ff21\"> <span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>isultanti <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>iscritte <span class=\"_ _7\"></span><span class=\"ls6\">in</span> <span class=\"_ _7\"></span>una <span class=\"_ _7\"></span>riserva </span>separata <span class=\"_ _2\"></span><span class=\"ls7\">di<span class=\"ls0\"> patrimonio<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>denominata <span class=\"_ _1\"></span>Riserva di Conversi<span class=\"_ _2\"></span>one. </span></span>Le <span class=\"_ _8\"></span>modifiche <span class=\"_ _7\"></span>nella <span class=\"_ _8\"></span>quota <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>interessenz<span class=\"_ _2\"></span>a <span class=\"_ _8\"></span>che <span class=\"_ _8\"></span>non <span class=\"_ _7\"></span>costituiscono <span class=\"_ _7\"></span>una<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>perdita <span class=\"_ _8\"></span>di <span class=\"_ _7\"></span>controllo <span class=\"_ _8\"></span>o <span class=\"_ _8\"></span>si <span class=\"_ _15\"> </span>riferiscono <span class=\"_ _8\"></span>a partecipate <span class=\"_ _1\"></span>gi\u00e0 <span class=\"_ _1\"></span>sottoposte <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>controllo, <span class=\"_ _1\"></span>sono t<span class=\"_ _2\"></span>rattate <span class=\"_ _1\"></span>come <span class=\"_ _2\"></span><span class=\"ff26\">equity <span class=\"_ _16\"></span>t<span class=\"_ _3\"></span>ransaction <span class=\"_ _1\"></span><span class=\"ff21\">e <span class=\"_ _1\"></span>quindi <span class=\"_ _1\"></span>classificate <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>patrimonio </span></span>netto. 6. A<span class=\"_ _1\"></span>ggre<span class=\"_ _2\"></span>gaz<span class=\"_ _1\"></span>ioni d<span class=\"_ _2\"></span>i i<span class=\"_ _1\"></span>mpres<span class=\"_ _2\"></span>e e<span class=\"_ _1\"></span> avvia<span class=\"_ _1\"></span>mento Le agg<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>egazioni <span class=\"_ _1\"></span>di imp<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ese <span class=\"_ _1\"></span><span class=\"ff24\">sono contabilizza<span class=\"_ _2\"></span>te <span class=\"_ _1\"></span>secondo il <span class=\"_ _1\"></span>metodo <span class=\"_ _1\"></span>dell\u2019acquisizione <span class=\"_ _1\"></span>in base <span class=\"_ _1\"></span>al <span class=\"_ _2\"></span>quale <span class=\"_ _1\"></span>le att<span class=\"_ _2\"></span>ivit\u00e0, </span>le <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>potenziali <span class=\"_ _12\"> </span>identificabi<span class=\"_ _2\"></span>li <span class=\"_ _12\"> </span>dell\u2019impresa <span class=\"_ _15\"> </span>ac<span class=\"_ _3\"></span>quisita <span class=\"_ _15\"> </span>che<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>rispettano <span class=\"_ _15\"> </span><span class=\"ls6\">le</span> <span class=\"_ _12\"> </span>condizioni <span class=\"_ _12\"> </span>per l\u2019iscrizione<span class=\"ff21\"> <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span></span>l<span class=\"_ _3\"></span>\u2019IFRS<span class=\"ff21\"> <span class=\"_ _14\"></span>3 <span class=\"_ _14\"></span>sono<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>rilevate <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span><span class=\"ff26\">fair <span class=\"_ _14\"></span>value <span class=\"_ _6\"></span></span>alla <span class=\"_ _14\"></span>data <span class=\"_ _6\"></span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span>acquisizione<span class=\"_ _2\"></span>. <span class=\"_ _6\"></span>Vengono <span class=\"_ _3\"></span>quindi <span class=\"_ _3\"></span>stanziate </span>imposte <span class=\"_ _3\"></span>differite <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>anticipa<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>sulle <span class=\"_ _3\"></span>rettifiche <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>valore <span class=\"_ _14\"></span>apportate <span class=\"_ _14\"></span>ai <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>egressi <span class=\"_ _14\"></span>valor<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>contabili <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>allinearli <span class=\"_ _14\"></span>al valore corrente.<span class=\"_ _2\"></span> L\u2019applicazione<span class=\"ff21\"> <span class=\"_ _10\"> </span>del <span class=\"_\"> </span>metodo <span class=\"_ _10\"> </span></span>dell\u2019acquisizione <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span><span class=\"ls6\">la</span> <span class=\"_ _10\"> </span>sua <span class=\"_ _10\"> </span>stessa <span class=\"_ _10\"> </span>complessit\u00e0 <span class=\"_ _10\"> </span>prevede <span class=\"_ _10\"> </span>una <span class=\"_ _10\"> </span>prima <span class=\"_ _4\"> </span>fase <span class=\"_ _4\"> </span>di determinazione provvisor<span class=\"_ _2\"></span>ia dei val<span class=\"_ _3\"></span>ori correnti delle attivit\u00e0, passivit\u00e0 e passivit\u00e0 potenziali<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>acquisite, <span class=\"_ _15\"></span>tale <span class=\"_ _15\"></span>da consentire <span class=\"_ _12\"> </span>una <span class=\"_\"> </span>p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ima <span class=\"_ _11\"> </span>iscrizione <span class=\"_ _12\"> </span><span class=\"ff24\">dell\u2019operazione</span> <span class=\"_ _11\"> </span>nel <span class=\"_ _11\"> </span>bila<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>io consolidato <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>chiusura <span class=\"_ _6\"></span><span class=\"ff24\">dell\u2019eser<span class=\"_ _2\"></span>cizio <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>\u00e8 </span>stata <span class=\"_ _6\"></span>effettuata <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>\u2019aggregazi<span class=\"_ _2\"></span>one. <span class=\"_ _14\"></span>Tale <span class=\"_ _6\"></span>prima <span class=\"_ _6\"></span>iscrizione <span class=\"_ _6\"></span>viene <span class=\"_ _14\"></span>completat<span class=\"_ _2\"></span>a <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>rettificata <span class=\"_ _6\"></span>entro <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>dodic<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>mesi <span class=\"_ _14\"></span>dalla data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisizione. <span class=\"_ _3\"></span>Modifiche <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>corrispettivo <span class=\"_ _3\"></span>iniziale <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>derivano <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>eventi <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>circostanze <span class=\"_ _6\"></span>successive <span class=\"_ _3\"></span>alla data di acquisizione s<span class=\"_ _1\"></span>ono rilevate a conto econo<span class=\"_ _2\"></span>mico. L\u2019a<span class=\"_ _2\"></span>vv<span class=\"_ _2\"></span>iame<span class=\"_ _1\"></span>nto <span class=\"_ _6\"></span>de<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>van<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>dal<span class=\"_ _1\"></span>l\u2019acqu<span class=\"_ _1\"></span>isizi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _6\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>co<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span>rolla<span class=\"_ _2\"></span>ta <span class=\"_ _3\"></span>rapp<span class=\"_ _2\"></span>res<span class=\"_ _1\"></span>enta <span class=\"_ _6\"></span>l<span class=\"_ _2\"></span>\u2019ec<span class=\"_ _2\"></span>ced<span class=\"_ _2\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _14\"></span><span class=\"ff21\">di <span class=\"_ _6\"></span>acquisizione </span>rispetto <span class=\"_ _12\"> </span>alla <span class=\"_ _12\"> </span>percentuale <span class=\"_ _15\"> </span>spettante <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>Gruppo <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span><span class=\"ff26\">fair <span class=\"_ _12\"> </span>value <span class=\"_ _12\"> </span></span>delle <span class=\"_ _12\"> </span>attivit\u00e0, <span class=\"_ _11\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>potenziali identificabili <span class=\"_ _2\"></span>della cont<span class=\"_ _2\"></span>rollata alla <span class=\"_ _2\"></span>data d<span class=\"_ _2\"></span>i acquis<span class=\"_ _2\"></span>izione. N<span class=\"_ _2\"></span>el caso <span class=\"_ _2\"></span>di esercizio <span class=\"_ _2\"></span>dell\u2019opzion<span class=\"_ _2\"></span>e del <span class=\"ff27\">\u201cfull goodw<span class=\"_ _2\"></span>ill\u201d<span class=\"ff21 ls7\">, </span></span>\u00e8 consentito <span class=\"_ _1\"></span>all\u2019acquirente di <span class=\"_ _2\"></span>riconoscere <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> 100% <span class=\"_ _2\"></span>dell\u2019avvia<span class=\"_ _2\"></span>mento d<span class=\"_ _2\"></span>elle soci<span class=\"_ _2\"></span>et\u00e0 acquis<span class=\"_ _2\"></span>ite, piuttos<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o che <span class=\"_ _2\"></span>il solo<span class=\"_ _1\"></span> avviamento spe<span class=\"_ _2\"></span>ttante alla maggioranz<span class=\"_ _2\"></span>a. L\u2019avviamento<span class=\"ff21\"> derivante <span class=\"_ _3\"></span>dalla <span class=\"ff26\">business <span class=\"_ _3\"></span>combination </span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span><span class=\"ls31\">RCS</span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>determinato <span class=\"_ _3\"></span></span>con <span class=\"_ _6\"></span>l\u2019approccio <span class=\"_ _6\"></span>del consolidamento in<span class=\"_ _2\"></span>tegrale <span class=\"ff27\">\u201cfull g<span class=\"_ _2\"></span>oodwill<span class=\"ff24 ls4\">\u201d.</span><span class=\"ff21\"> </span></span>L\u2019avviamento<span class=\"ff21\"> <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _14\"></span>rilevato <span class=\"_ _14\"></span>come <span class=\"_ _14\"></span>attivit\u00e0 <span class=\"_ _14\"></span>immateriale <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>vita <span class=\"_ _14\"></span>indefinita <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>viene <span class=\"_ _7\"></span></span>ammortizza<span class=\"_ _2\"></span>to. <span class=\"_ _12\"> </span>L\u2019eventuale<span class=\"_ _2\"></span> differenza <span class=\"_ _3\"></span>positiva <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>valutate <span class=\"_ _3\"></span>a <span class=\"_ _14\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _3\"></span></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisi<span class=\"_ _2\"></span>zione <span class=\"_ _6\"></span>ed <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>prezzo <span class=\"_ _3\"></span>pagato <span class=\"_ _6\"></span>\u00e8 rilevata <span class=\"_ _12\"> </span>nel <span class=\"_ _15\"> </span>conto <span class=\"_ _12\"> </span>economico <span class=\"_ _12\"> </span>consolidato <span class=\"_ _15\"> </span>a <span class=\"_ _12\"> </span>tit<span class=\"_ _3\"></span>olo <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>provento <span class=\"_ _15\"> </span>non <span class=\"_ _8\"></span>ricorrente. <span class=\"_ _8\"></span>Essa<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>pu\u00f2 <span class=\"_ _8\"></span>essere <span class=\"_ _15\"> </span>oggetto <span class=\"_ _8\"></span>di successiva <span class=\"_ _1\"></span>rettifica <span class=\"_ _1\"></span>nel<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>periodo <span class=\"_ _1\"></span>di dodi<span class=\"_ _2\"></span>ci mesi dalla d<span class=\"_ _2\"></span>ata di acquisizi<span class=\"_ _2\"></span>one. I <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>connessi <span class=\"_ _14\"></span><span class=\"ff24\">all\u2019a<span class=\"_ _2\"></span>ggregazione<span class=\"ff21\"> <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>fanno <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>corrispettivo <span class=\"_ _6\"></span>trasferito <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>pertanto <span class=\"_ _6\"></span>rilevati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto </span></span>economico. L\u2019avviamento <span class=\"_ _12\"> </span>viene <span class=\"_ _11\"> </span>periodicamente <span class=\"_ _12\"> </span>riesaminato <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>ver<span class=\"_ _3\"></span>ificarne <span class=\"_ _12\"> </span>i <span class=\"_ _11\"> </span>presupposti <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>recuperabilit\u00e0 <span class=\"_ _12\"> </span>tramite <span class=\"_ _11\"> </span>il confronto <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>il <span class=\"_ _2\"></span>maggiore <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _1\"></span>value <span class=\"_ _2\"></span><span class=\"ff21\">e <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span><span class=\"ff26\">value <span class=\"_ _1\"></span>in us<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span><span class=\"ff21\">, <span class=\"_ _7\"></span>calcolato <span class=\"_ _1\"></span>come <span class=\"_ _2\"></span>somma<span class=\"_ _2\"></span>toria <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>flussi <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>cassa <span class=\"_ _1\"></span>futuri </span></span></span></span>attualizzati <span class=\"_ _3\"></span>generati <span class=\"_ _6\"></span>dall\u2019invest<span class=\"_ _2\"></span>im<span class=\"ff21\">ento <span class=\"_ _6\"></span>sottostante. <span class=\"_ _3\"></span>Le <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>iscritte <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>mmediatamente <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>conto </span>economico e non so<span class=\"_ _2\"></span>no successiva<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ente riprist<span class=\"_ _2\"></span>inate. Al <span class=\"_ _17\"> </span>fine <span class=\"_ _5\"> </span><span class=\"ff24\">dell\u2019analisi</span> <span class=\"_ _5\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _17\"> </span>congruit\u00e0, <span class=\"_ _5\"> </span><span class=\"ff24\">l\u2019avviamento</span> <span class=\"_ _5\"> </span>acquisito <span class=\"_ _5\"> </span><span class=\"ls17\">in</span> <span class=\"_ _17\"> </span>un\u2019aggregaz<span class=\"_ _2\"></span>ione <span class=\"_ _17\"> </span>aziendal<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>allocato, <span class=\"_ _3\"></span>alla data di <span class=\"_ _1\"></span>ac<span class=\"_ _3\"></span>quisizione, <span class=\"_ _1\"></span>alle singole <span class=\"_ _2\"></span>unit\u00e0 <span class=\"_ _2\"></span>generatrici <span class=\"_ _2\"></span>di f<span class=\"_ _2\"></span>lussi di <span class=\"_ _1\"></span>cassa del G<span class=\"_ _1\"></span>ruppo, o <span class=\"_ _2\"></span>ai grupp<span class=\"_ _2\"></span>i di <span class=\"_ _2\"></span>unit\u00e0 gen<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>atrici di <span class=\"_ _7\"> </span>flussi <span class=\"_ _8\"> </span>che <span class=\"_ _7\"> </span>dovrebbero <span class=\"_ _7\"> </span>beneficiare <span class=\"_ _7\"> </span>dalle <span class=\"_ _7\"> </span>sinergie <span class=\"_ _7\"> </span>dell\u2019aggregazione,<span class=\"ff21\"> <span class=\"_ _6\"></span>indipendentemen<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>fatto <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>altre </span>attivit\u00e0 <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span>Gruppo <span class=\"_ _16\"></span>siano assegnate a tali un<span class=\"_ _2\"></span>it\u00e0 o raggrupp<span class=\"_ _2\"></span>amenti di unit<span class=\"_ _2\"></span>\u00e0. 7.<span class=\"fc0 ls0\"> P<span class=\"_ _2\"></span>arte<span class=\"_ _1\"></span>cipaz<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i i<span class=\"_ _1\"></span>n soc<span class=\"_ _1\"></span>iet\u00e0 c<span class=\"_ _1\"></span>olleg<span class=\"_ _2\"></span>ate<span class=\"_ _1\"></span> e jo<span class=\"_ _2\"></span>int<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ntur<span class=\"_ _1\"></span>e </span>Una <span class=\"_ _6\"></span>collegata <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span><span class=\"ff24\">un\u2019impresa</span> <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>quale <span class=\"_ _6\"></span><span class=\"ls17\">il</span> <span class=\"_ _14\"></span>Gruppo,<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>pur <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>avendo <span class=\"_ _6\"></span><span class=\"ls6\">il</span> <span class=\"_ _6\"></span>controllo <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span><span class=\"ls6\">il</span> <span class=\"_ _6\"></span>controllo <span class=\"_ _6\"></span>congiunto, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>in grado di <span class=\"_ _3\"></span>esercitare <span class=\"ff24\">un\u2019influenza notevole attraverso la <span class=\"_ _3\"></span>partecipazione alle decisioni <span class=\"_ _3\"></span>sulle politiche finanziarie </span>e operative della <span class=\"_ _2\"></span>partecipata. Una <span class=\"_ _14\"></span>joint <span class=\"_ _14\"></span>venture <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _14\"></span>r<span class=\"_ _3\"></span>appresentata <span class=\"_ _14\"></span>dalle <span class=\"_ _14\"></span>partecipaz<span class=\"_ _2\"></span>ioni <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>im<span class=\"_ _3\"></span>prese <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _14\"></span>cui <span class=\"_ _14\"></span>le <span class=\"_ _7\"></span>decisioni <span class=\"_ _14\"></span>finanziarie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gestionali<span class=\"_ _2\"></span> strategiche <span class=\"_ _0\"></span><span class=\"ff24\">sull\u2019attivit\u00e0<span class=\"ff21\"> <span class=\"_ _0\"></span>economica <span class=\"_ _16\"></span>richiedono <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>consenso <span class=\"_ _0\"></span>unanime <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>tutte <span class=\"_ _2\"></span>le <span class=\"_ _1\"></span>parti c<span class=\"_ _2\"></span>he <span class=\"_ _1\"></span>condividono <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>controllo, </span></span></span></span>ai sensi dell\u2019IFR<span class=\"_ _2\"></span>S 11. I <span class=\"_ _14\"></span>ris<span class=\"_ _2\"></span>ult<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>econ<span class=\"_ _1\"></span>omic<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>e <span class=\"_ _14\"></span><span class=\"ls17\">le</span> <span class=\"_ _14\"></span>att<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>pass<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>del<span class=\"_ _2\"></span>le <span class=\"_ _14\"></span>im<span class=\"_ _2\"></span>pr<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>coll<span class=\"_ _1\"></span>egate<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>join<span class=\"_ _1\"></span>t <span class=\"_ _14\"></span>ventu<span class=\"_ _1\"></span>re <span class=\"_ _14\"></span>son<span class=\"_ _2\"></span>o <span class=\"_ _14\"></span>ril<span class=\"_ _2\"></span>eva<span class=\"_ _1\"></span>ti <span class=\"_ _8\"></span>nel <span class=\"_ _8\"></span>bilancio consolidato <span class=\"_ _7\"></span>secondo <span class=\"_ _7\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>metodo <span class=\"_ _7\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>patrimonio <span class=\"_ _7\"></span>netto. <span class=\"_ _8\"></span>Secondo <span class=\"_ _7\"></span>t<span class=\"_ _3\"></span>ale <span class=\"_ _7\"></span>metodo, <span class=\"_ _8\"></span>le <span class=\"_ _8\"></span>partecipazion<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>nelle <span class=\"_ _14\"></span>imprese collegate <span class=\"_ _a1\"> </span><span class=\"ls3\">al</span> <span class=\"_ _a1\"> </span>momento <span class=\"_ _a1\"> </span>d<span class=\"_ _2\"></span>ell\u2019acquisizione <span class=\"_ _a1\"> </span>sono <span class=\"_ _b\"> </span>rilevate <span class=\"_ _a1\"> </span>nello <span class=\"_ _a1\"> </span>stato <span class=\"_ _1c\"> </span>patrimonia<span class=\"_ _2\"></span>le <span class=\"_ _b\"> </span><span class=\"ls4\">al<span class=\"_ _3\"></span></span> <span class=\"_ _b\"> </span>costo, <span class=\"_ _b\"> </span>rettificato successivamente <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls6\">la</span> <span class=\"_ _14\"></span>frazione <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>spettanza <span class=\"_ _14\"></span>delle <span class=\"_ _6\"></span>variazioni <span class=\"_ _8\"></span>di <span class=\"_ _15\"></span>patrimon<span class=\"_ _2\"></span>io <span class=\"_ _8\"></span>netto <span class=\"_ _8\"></span>della <span class=\"_ _15\"></span>collegata <span class=\"_ _8\"></span>stessa. <span class=\"_ _8\"></span>Le perdite <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>collegate ec<span class=\"_ _2\"></span>cedenti <span class=\"_ _1\"></span>la quota <span class=\"_ _1\"></span>di interessen<span class=\"_ _2\"></span>za <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>Gruppo nelle<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>esse <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>sono rilevate,<span class=\"_ _2\"></span> a <span class=\"_ _1\"></span>meno <span class=\"_ _2\"></span>che il <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _10\"> </span>non <span class=\"_ _f\"> </span>abbia <span class=\"_ _10\"> </span>assunto <span class=\"_\"> </span>una <span class=\"_ _11\"> </span>obbligazione <span class=\"_ _11\"> </span>per <span class=\"_\"> </span><span class=\"ls6\">la</span> <span class=\"_ _11\"> </span>copertura <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>stesse. <span class=\"_\"> </span>L\u2019ecc<span class=\"_ _2\"></span>edenza <span class=\"_ _11\"> </span>del <span class=\"_\"> </span>costo <span class=\"_ _11\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> acquisizione <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>percentuale <span class=\"_ _1\"></span>spettante <span class=\"_ _1\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>corrente d<span class=\"_ _1\"></span>elle <span class=\"_ _2\"></span>attivit\u00e0, <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 potenziali i<span class=\"_ _3\"></span>dentificabil<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>dell<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>collegata <span class=\"_ _3\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>acquisizione <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>riconosciuta <span class=\"_ _3\"></span>come <span class=\"_ _3\"></span>avviamento. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>valore di carico dell\u2019inve<span class=\"_ _2\"></span>stimento \u00e8 assogget<span class=\"_ _2\"></span>tato annualmen<span class=\"_ _2\"></span>te a test di <span class=\"ff26\">imp<span class=\"_ _2\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _2\"></span><span class=\"ff21\">.<span class=\"_ _2\"></span> </span></span>Il mi<span class=\"_ _3\"></span>nor valore <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>di acquisizione rispetto <span class=\"_ _3\"></span>alla per<span class=\"_ _3\"></span>centuale di <span class=\"_ _3\"></span>spettanza del <span class=\"_ _3\"></span>Gruppo del<span class=\"_ _6\"></span> <span class=\"ff26\">fair value </span>delle attivit\u00e0 <span class=\"_ _8\"></span>e <span class=\"_ _15\"></span>passiv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _8\"></span>identificabili <span class=\"_ _8\"></span>della <span class=\"_ _8\"></span>collegata <span class=\"_ _8\"></span>alla <span class=\"_ _8\"></span>data<span class=\"_ _3\"></span> <span class=\"_ _8\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _8\"></span>acquisizione <span class=\"_ _8\"></span>\u00e8 <span class=\"_ _12\"> </span>accreditato <span class=\"_ _8\"></span>a <span class=\"_ _12\"> </span>conto <span class=\"_ _12\"> </span>economico nell\u2019esercizio.<span class=\"ff21\"> </span>Nel <span class=\"_ _1\"></span>caso <span class=\"_ _2\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>una <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _1\"></span>collegata <span class=\"_ _1\"></span>o <span class=\"ff26\">jo<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>nt <span class=\"_ _1\"></span>venture <span class=\"_ _1\"></span><span class=\"ff21\">rilevi r<span class=\"_ _2\"></span>ettifiche <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>diretta <span class=\"_ _16\"></span>imputazione <span class=\"_ _1\"></span>al p<span class=\"_ _2\"></span>atrimonio <span class=\"_ _1\"></span>netto </span></span></span></span>e/o <span class=\"_ _1\"></span>nel <span class=\"_ _2\"></span>prospetto <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _1\"></span>complessivo, <span class=\"_ _1\"></span>il G<span class=\"_ _1\"></span>ruppo iscrive <span class=\"_ _16\"></span>a s<span class=\"_ _2\"></span>ua <span class=\"_ _1\"></span>volta <span class=\"_ _1\"></span>la r<span class=\"_ _2\"></span>elativa <span class=\"_ _1\"></span>quota <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>pertinenza<span class=\"_ _2\"></span> nel <span class=\"_ _6\"></span>patrimonio <span class=\"_ _3\"></span>netto <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ne <span class=\"_ _6\"></span>d\u00e0 <span class=\"_ _6\"></span>rappresentazione, <span class=\"_ _3\"></span>ove <span class=\"_ _6\"></span>applicabile, <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>prospet<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>variazioni <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>patrimonio netto e/o nel prosp<span class=\"_ _2\"></span>etto delle<span class=\"_ _2\"></span> altre component<span class=\"_ _2\"></span>i di conto econo<span class=\"_ _2\"></span>mico comples<span class=\"_ _2\"></span>sivo. Un\u2019eventuale<span class=\"ff21\"> <span class=\"_ _12\"> </span><span class=\"ls7\">pe<span class=\"_ _3\"></span></span>rdita <span class=\"_ _11\"> </span>per <span class=\"_ _12\"> </span>riduzione <span class=\"_ _11\"> </span><span class=\"ls7\">di</span> <span class=\"_\"> </span>va<span class=\"_ _2\"></span>lore <span class=\"_ _11\"> </span>della <span class=\"_ _11\"> </span>partecipazione<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>rilevata <span class=\"_ _12\"> </span><span class=\"ls4\">ai</span> <span class=\"_\"> </span>s<span class=\"_ _1\"></span>ens<span class=\"_ _3\"></span>i <span class=\"_ _11\"> </span>dello <span class=\"_ _12\"> </span>IAS <span class=\"_ _11\"> </span>36 <span class=\"_ _17\"> </span>non <span class=\"_ _17\"> </span>\u00e8 </span>riconducibile <span class=\"_ _b\"> </span><span class=\"ff24\">all\u2019avviamento</span> <span class=\"_ _b\"> </span>n\u00e9 <span class=\"_ _a1\"> </span>alla <span class=\"_ _b\"> </span>valutazione <span class=\"_ _b\"> </span>a <span class=\"_ _b\"> </span><span class=\"ff26\">fair <span class=\"_ _a1\"> </span>value <span class=\"_ _b\"> </span></span>di <span class=\"_ _a1\"> </span>attivit\u00e0 <span class=\"_ _b\"> </span>iscritte <span class=\"_ _10\"> </span>nel <span class=\"_ _10\"> </span>bilancio <span class=\"_ _10\"> </span>della partecipazione collegata, <span class=\"_ _3\"></span>bens\u00ec <span class=\"_ _6\"></span>al valore <span class=\"_ _6\"></span>della partecipazione <span class=\"_ _3\"></span>nel <span class=\"_ _6\"></span>suo complesso. <span class=\"_ _3\"></span>Pertanto <span class=\"_ _6\"></span>qual<span class=\"_ _2\"></span>siasi <span class=\"_ _3\"></span>ripristino di <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _12\"> </span>rilevato <span class=\"_ _8\"></span>i<span class=\"_ _3\"></span>ntegral<span class=\"_ _2\"></span>mente <span class=\"_ _15\"> </span>nella <span class=\"_ _15\"> </span>misura <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>cui <span class=\"_ _15\"> </span>il <span class=\"_ _12\"> </span>valore <span class=\"_ _15\"> </span>recuperabile <span class=\"_ _15\"></span>della <span class=\"_ _15\"> </span>partecipazion<span class=\"_ _2\"></span>e <span class=\"_ _15\"> </span>aumenti successiv<span class=\"ff24\">amente <span class=\"_ _2\"></span>in base al risul<span class=\"_ _2\"></span>tato dell\u2019<span class=\"ff26\">impairment <span class=\"_ _2\"></span>test<span class=\"ff21\">. </span></span></span>Con riferimento a<span class=\"_ _2\"></span>lle operazioni in<span class=\"_ _2\"></span>tercorse fra <span class=\"ff24\">un\u2019<span class=\"_ _2\"></span>impresa<span class=\"ff21\"> del Gru<span class=\"_ _2\"></span>ppo e una col<span class=\"_ _2\"></span>legata, gli ut<span class=\"_ _2\"></span>ili <span class=\"_ _14\"></span>e <span class=\"ls6\">le</span> p<span class=\"_ _2\"></span>erdite non </span></span>realizzati <span class=\"_ _8\"></span>sono <span class=\"_ _8\"></span>eliminati <span class=\"_ _15\"></span><span class=\"ls6\">in</span> <span class=\"_ _8\"></span>misura <span class=\"_ _8\"></span>pari <span class=\"_ _15\"> </span>alla <span class=\"_ _15\"></span>percentu<span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _15\"></span><span class=\"ls7\">di</span> <span class=\"_ _15\"> </span>partecipazione <span class=\"_ _8\"></span>del <span class=\"_ _11\"> </span>Gruppo <span class=\"_\"> </span>nella <span class=\"_\"> </span>collega<span class=\"_ _2\"></span>ta, <span class=\"_\"> </span>ad eccezione <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>caso <span class=\"_ _11\"> </span>in <span class=\"_ _11\"> </span>cui <span class=\"_ _11\"> </span>le <span class=\"_ _11\"> </span>perdite <span class=\"_ _11\"> </span>non <span class=\"_ _11\"> </span>realizzate <span class=\"_ _12\"> </span>costituiscano <span class=\"_ _11\"> </span>l\u2019evidenza <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>una <span class=\"_ _11\"> </span>riduzione <span class=\"_ _11\"> </span>nel <span class=\"_ _11\"> </span>valore dell\u2019attivit\u00e0 t<span class=\"_ _2\"></span>rasferita.<span class=\"ff21 fs0\"> </span>8. R<span class=\"_ _2\"></span>ico<span class=\"_ _2\"></span>nos<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>dei<span class=\"_ _1\"></span> costi<span class=\"_ _2\"></span> e <span class=\"_ _2\"></span>ric<span class=\"_ _1\"></span>avi I costi <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>ricavi ed i <span class=\"_ _3\"></span>proventi ed <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>sono rilevati secondo il <span class=\"_ _3\"></span>principio di <span class=\"_ _3\"></span>competenza economica e temporale ed in particolare:<span class=\"_ _2\"></span> <span class=\"ff21 fs2 fc0\">I <span class=\"_ _16\"></span>rica<span class=\"_ _3\"></span>vi <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>rilevati <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>conto <span class=\"_ _16\"></span>economico <span class=\"_ _1\"></span>quando <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>soddisfatti <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>criteri <span class=\"_ _16\"></span>previsti <span class=\"_ _1\"></span><span class=\"ff24\">dal<span class=\"_ _2\"></span>l\u2019I<span class=\"_ _1\"></span>FRS1<span class=\"_ _1\"></span>5.<span class=\"ff21\"> </span></span></span><span class=\"ff21 fs2 fc0\">I <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>nella misura <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>probabile <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>societ\u00e0 affluiranno i <span class=\"_ _6\"></span>benefici economici e <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>oro </span>ammontare pu\u00f2 <span class=\"_ _3\"></span>essere det<span class=\"_ _3\"></span>erminato in <span class=\"_ _3\"></span>modo <span class=\"_ _3\"></span>attendibile. I <span class=\"_ _3\"></span>ricavi<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sono rappresentati al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>eventuali poste rettificative.<span class=\"_ _2\"></span> <span class=\"ff21 fs2 fc0\">I <span class=\"_ _6\"></span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>la <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>spazi <span class=\"_ _14\"></span>pubblicita<span class=\"_ _2\"></span>ri <span class=\"_ _6\"></span>sui <span class=\"_ _14\"></span>mezzi <span class=\"_ _6\"></span>tradizional<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>considerano <span class=\"_ _6\"></span>realizzat<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>della </span>prestazione <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>coincide <span class=\"_ _3\"></span>con <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>diffusione <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>messaggio <span class=\"_ _6\"></span>pubblicitario <span class=\"_ _3\"></span>(TV) <span class=\"_ _6\"></span>o <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>dat<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>pubblicazione <span class=\"_ _6\"></span>dell<span class=\"_ _2\"></span>a testata (stampa). <span class=\"ff21 fs2 fc0\">I ricavi pubblicitari realizza<span class=\"_ _2\"></span>ti nel comparto digital<span class=\"_ _2\"></span>e sono rilevati <span class=\"ls4\">al</span> mo<span class=\"_ _2\"></span>mento della diffus<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>pubblic<span class=\"_ _2\"></span>azione </span>del messaggio. I <span class=\"_ _5\"> </span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _5\"> </span>relativi <span class=\"_ _17\"> </span>alle <span class=\"_ _5\"> </span>testate <span class=\"_ _5\"> </span>editoriali <span class=\"_ _5\"> </span>(quotidiani <span class=\"_ _5\"> </span>e <span class=\"_ _17\"> </span>periodici) <span class=\"_ _5\"> </span>sono <span class=\"_ _5\"> </span>normalmente <span class=\"_ _5\"> </span>rilevati <span class=\"_ _8\"></span>alla <span class=\"_ _8\"></span>data <span class=\"_ _8\"></span>di pubblicazione, a<span class=\"_ _2\"></span>l netto dei resi rag<span class=\"_ _2\"></span>ionevolmente <span class=\"_ _2\"></span>stimati e al lo<span class=\"_ _2\"></span>rdo dell\u2019aggio <span class=\"_ _2\"></span>di <span class=\"_ _3\"></span><span class=\"ff21\">di<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>e.<span class=\"_ _2\"></span> </span><span class=\"ff21 fs2 fc0\">I <span class=\"_ _6\"></span>ricavi <span class=\"_ _3\"></span>relativi <span class=\"_ _6\"></span>alla <span class=\"_ _3\"></span>vendita <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>abbonamenti <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>pubblic<span class=\"_ _2\"></span>azioni <span class=\"_ _3\"></span>relative <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>periodo <span class=\"_ _3\"></span>di </span>competenza ed e<span class=\"_ _2\"></span>ffettivame<span class=\"_ _2\"></span>nte spedite. I <span class=\"_ _14\"></span>ricavi <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>servizi <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>riconosciuti <span class=\"_ _14\"></span>alla <span class=\"_ _14\"></span>data <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>loro <span class=\"_ _14\"></span>maturazione, <span class=\"_ _14\"></span>come <span class=\"_ _14\"></span>definita <span class=\"_ _14\"></span>nei <span class=\"_ _14\"></span>rispettivi <span class=\"_ _8\"></span>contratti, <span class=\"_ _15\"> </span>in particolare <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>relativi <span class=\"_ _3\"></span>all\u2019attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>distribuzione <span class=\"_ _6\"></span>(aggio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>distribuzione) <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>rico<span class=\"_ _6\"></span><span class=\"ff21\">nosciuti <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>momento </span>della spedizione a<span class=\"_ _2\"></span>lla rete distribu<span class=\"_ _2\"></span>tiva. I <span class=\"_ _15\"></span>ricavi <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span><span class=\"ls6\">le</span> <span class=\"_ _15\"> </span>sponsorizzazion<span class=\"_ _2\"></span>i <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>eventi <span class=\"_ _15\"></span>sportivi <span class=\"_ _8\"></span>e <span class=\"_ _15\"> </span>per <span class=\"_ _12\"> </span>l\u2019organizz<span class=\"_ _2\"></span>azione <span class=\"_ _15\"> </span><span class=\"ls7\">di</span> <span class=\"_ _12\"> </span>eventi <span class=\"_ _15\"></span>sono <span class=\"_ _8\"></span>r<span class=\"_ _3\"></span>ilevati <span class=\"_ _11\"> </span>alla <span class=\"_\"> </span>data<span class=\"_ _2\"></span> dell\u2019evento, tenu<span class=\"_ _2\"></span>to conto de<span class=\"_ _2\"></span>lla limitata estens<span class=\"_ _2\"></span>ione temporale a<span class=\"_ _2\"></span>ttribuibile a <span class=\"_ _2\"></span>tali <span class=\"_ _3\"></span><span class=\"ff21\">eve<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ti.<span class=\"_ _16\"></span> </span><span class=\"ff21 fs2 fc0\">Le royalties sono ricon<span class=\"_ _2\"></span>osciute alla da<span class=\"_ _2\"></span>ta di loro matu<span class=\"_ _2\"></span>razione, come d<span class=\"_ _2\"></span>efinita nei ri<span class=\"_ _2\"></span>spettivi cont<span class=\"_ _1\"></span>ratti<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> </span><span class=\"ff21 fs2 fc0\">I <span class=\"_ _14\"></span>cost<span class=\"_ _3\"></span>i <span class=\"_ _14\"></span>sostenuti <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>la <span class=\"_ _7\"></span>pre-pubblicazione <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>lancio <span class=\"_ _14\"></span>delle <span class=\"_ _14\"></span>nuove <span class=\"_ _14\"></span>testate <span class=\"_ _7\"></span>sono <span class=\"_ _14\"></span>addebitati <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>conto <span class=\"_ _14\"></span>economico </span>quando sostenuti. <span class=\"ff24 fs2 fc0\">I <span class=\"_ _6\"></span>cost<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _14\"></span>altri <span class=\"_ _6\"></span>oneri <span class=\"_ _6\"></span>operativi <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevati <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>componenti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>risultato <span class=\"_ _14\"></span>d\u2019es<span class=\"_ _2\"></span>ercizi<span class=\"_ _3\"></span><span class=\"ff21\">o <span class=\"_ _14\"></span>nel <span class=\"_ _6\"></span>momento <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>cui </span></span>sono <span class=\"_ _3\"></span>sostenuti in <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>al principio <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>competenza economica e <span class=\"_ _3\"></span>temporale <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>regola i <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>quando non hanno requisiti pe<span class=\"_ _2\"></span>r il differi<span class=\"_ _2\"></span>mento come attivi<span class=\"_ _2\"></span>t\u00e0 nello stato p<span class=\"_ _2\"></span>atrimoniale. <span class=\"ff21 fs2 fc0\">Gli interessi attivi e pas<span class=\"_ _2\"></span>sivi sono rileva<span class=\"_ _2\"></span>ti in applicazio<span class=\"_ _2\"></span>ne del pr<span class=\"_ _2\"></span>incipio della co<span class=\"_ _2\"></span>mpetenza te<span class=\"_ _2\"></span>mporale. </span><span class=\"ff21 fs2 fc0\">I dividendi sono rilevati quando s<span class=\"_ _2\"></span>i stabilisce il diritto degl<span class=\"_ _2\"></span>i azionisti a ricever<span class=\"_ _2\"></span>ne il pagamen<span class=\"_ _2\"></span>to ovvero alla data<span class=\"_ _2\"></span> </span>della delibera as<span class=\"_ _2\"></span>sembleare. I riaddebiti di costi sost<span class=\"_ _2\"></span>enuti per con<span class=\"_ _2\"></span>to di terzi sono r<span class=\"_ _2\"></span>ilevati a ridu<span class=\"_ _2\"></span>zione del costo<span class=\"_ _2\"></span> a cui si correl<span class=\"_ _2\"></span>ano<span class=\"_ _3\"></span>. 9. I<span class=\"_ _1\"></span>mpost<span class=\"_ _2\"></span>e Le<span class=\"ls0\"> <span class=\"_ _0\"></span>imposte <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>rappresentano <span class=\"_ _0\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _0\"></span>somma <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>imposte <span class=\"_ _0\"></span>correnti, <span class=\"_ _0\"></span>differite <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>anticipate. <span class=\"_ _16\"></span>Le <span class=\"_ _1\"></span>imposte <span class=\"_ _1\"></span>corrent<span class=\"ls17\">i </span></span></span></span>sono <span class=\"_ _1\"></span>basate <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>isultato <span class=\"_ _1\"></span>imponibile <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>periodo. <span class=\"_ _1\"></span>Il <span class=\"_ _2\"></span>reddito <span class=\"_ _16\"></span>imponibile <span class=\"_ _1\"></span>differisce <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>isultato <span class=\"_ _1\"></span>riportato <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>conto economico poich\u00e9 esclude componen<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>i positive e negative che saranno tassabili o deducibili in altri esercizi e esclude componen<span class=\"_ _2\"></span>ti che no<span class=\"_ _2\"></span>n saranno mai tassabili <span class=\"_ _2\"></span>o deducibili. Le passivit\u00e0 pe<span class=\"_ _2\"></span>r imposte corren<span class=\"_ _2\"></span>ti sono calcolat<span class=\"_ _2\"></span>e utilizzando l<span class=\"_ _2\"></span>e aliquote vigent<span class=\"_ _2\"></span>i alla data di bi<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>o.<span class=\"_ _1\"></span> A <span class=\"_ _17\"> </span>partire <span class=\"_ _17\"> </span>dal <span class=\"_ _5\"> </span>periodo <span class=\"_ _17\"> </span>d\u2019imposta <span class=\"_ _5\"> </span>2021 <span class=\"_ _17\"> </span>Cairo <span class=\"_ _17\"> </span>Communication <span class=\"_ _5\"> </span>e <span class=\"_ _17\"> </span>RCS <span class=\"_ _17\"> </span>MediaGro<span class=\"_ _2\"></span>up <span class=\"_ _17\"> </span>hanno <span class=\"_ _17\"> </span>eser<span class=\"_ _2\"></span>citato congiuntamente <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>\u2019opzione <span class=\"_ _3\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _14\"></span>regime <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>fiscale <span class=\"_ _6\"></span>nazionale <span class=\"_ _6\"></span>avente <span class=\"_ _14\"></span><span class=\"ff21\">Cairo <span class=\"_ _6\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _6\"></span>quale </span>societ\u00e0 <span class=\"_ _1\"></span>consolidante. A<span class=\"_ _2\"></span>nche <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>controllate <span class=\"_ _1\"></span>da RC<span class=\"_ _1\"></span>S MediaGroup, <span class=\"_ _2\"></span>laddove <span class=\"_ _2\"></span><span class=\"ls7\">ne<span class=\"ls0\"> sussistevan<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span> presupp<span class=\"_ _2\"></span>osti, </span></span></span></span>hanno aderito a <span class=\"_ _2\"></span>tale consolidato <span class=\"_ _2\"></span>fiscale, Le societ\u00e0 cont<span class=\"_ _2\"></span>rollate adere<span class=\"_ _2\"></span>nti sono<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>ertan<span class=\"_ _1\"></span>to: <span class=\"ff21 fs2 fc0\">Cairo Editore, Cairo Publ<span class=\"_ _2\"></span>ishing, La7, CA<span class=\"_ _2\"></span>IRORC<span class=\"_ _2\"></span>S Media e Cairo Network, </span><span class=\"ff21 fs2 fc0\">RCS <span class=\"_ _16\"></span>Me<span class=\"_ _3\"></span>diagroup <span class=\"_ _16\"></span>S.p.A. <span class=\"_ _16\"></span>Trovolavoro, <span class=\"_ _16\"></span>RCS <span class=\"_ _16\"></span>Sport, <span class=\"_ _16\"></span>RCS <span class=\"_ _1\"></span>Produzioni <span class=\"_ _16\"></span>Padova, <span class=\"_ _16\"></span>Sfera <span class=\"_ _1\"></span>Service, <span class=\"_ _16\"></span>Blei <span class=\"_ _16\"></span>in <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>iquidazione,<span class=\"_ _2\"></span> </span>RCS <span class=\"_ _7\"></span>Produzioni, <span class=\"_ _8\"></span>Digital <span class=\"_ _8\"></span>Factory, <span class=\"_ _8\"></span>RCS <span class=\"_ _7\"></span>Produzioni <span class=\"_ _7\"></span>Milano<span class=\"_ _3\"></span>, <span class=\"_ _8\"></span>M-dis <span class=\"_ _8\"></span>Distribuzione <span class=\"_ _7\"></span>Media, <span class=\"_ _8\"></span>To-dis <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>infine <span class=\"_ _8\"></span>le societ\u00e0 RCS Spor<span class=\"_ _2\"></span>ts &amp; Even<span class=\"_ _2\"></span>ts e Mybeautybox Cairo Communication fun<span class=\"_ _2\"></span>ge da societ\u00e0 consolidante e determina un<span class=\"_ _2\"></span>a unica base imponibile <span class=\"_ _3\"></span>per <span class=\"_ _11\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _11\"> </span>gruppo <span class=\"_ _11\"> </span><span class=\"ls7\">di</span> societ\u00e0 <span class=\"_\"> </span>aderenti <span class=\"_\"> </span><span class=\"ls3\">al</span> <span class=\"_\"> </span>consolidato <span class=\"_\"> </span>fiscale, <span class=\"_\"> </span>che <span class=\"_\"> </span>b<span class=\"_ _2\"></span>eneficia <span class=\"_\"> </span><span class=\"ls6\">in</span> <span class=\"_\"> </span>tal <span class=\"_\"> </span>mod<span class=\"_ _2\"></span>o <span class=\"_\"> </span>della <span class=\"_ _6\"></span>possibilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>compensare <span class=\"_ _6\"></span>redditi imponibili <span class=\"_ _8\"></span>con <span class=\"_ _12\"> </span>perdite <span class=\"_ _15\"></span>fiscali <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>una <span class=\"_ _15\"> </span>unica <span class=\"_ _15\"> </span>dichiarazione. <span class=\"_ _12\"> </span>Le <span class=\"_ _15\"> </span>passivit\u00e0 <span class=\"_ _15\"> </span>fiscali <span class=\"_ _15\"> </span>differite <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>generalmente rilevate per tutte le di<span class=\"_ _2\"></span>fferenze temporan<span class=\"_ _2\"></span>ee imponibili, <span class=\"_ _2\"></span>mentre le attiv<span class=\"_ _2\"></span>it\u00e0 fiscali riferi<span class=\"_ _2\"></span>te a imposte anticipa<span class=\"_ _2\"></span>te o a futuri <span class=\"_ _15\"> </span>benefici <span class=\"_ _12\"> </span>fiscali <span class=\"_ _1c8\"> </span>sono <span class=\"_ _14\"></span><span class=\"ls5\">ri</span>levate <span class=\"_ _14\"></span>nella <span class=\"_ _14\"></span>misura <span class=\"_ _14\"></span><span class=\"ls6\">in</span> <span class=\"_ _7\"></span>cui <span class=\"_ _14\"></span><span class=\"ls34\">si</span> <span class=\"_ _14\"></span>r<span class=\"_ _3\"></span>itenga <span class=\"_ _14\"></span>probabile <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>vi <span class=\"_ _7\"></span>saranno <span class=\"_ _14\"></span>risultati <span class=\"_ _14\"></span>fiscali imponibili <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _15\"></span>futuro <span class=\"_ _8\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>consentano <span class=\"_ _15\"> </span><span class=\"ff24\">l\u2019utilizzo</span> <span class=\"_ _15\"></span>delle <span class=\"_ _8\"></span>differenze <span class=\"_ _15\"> </span>temporanee <span class=\"_ _8\"></span>deducibili. <span class=\"_ _15\"> </span><span class=\"ls9\">Le</span> <span class=\"_ _15\"> </span>imposte di<span class=\"_ _2\"></span>fferite sono calcolate in <span class=\"_ _3\"></span>base all\u2019aliquota fiscale che si <span class=\"_ _3\"></span>prevede sar\u00e0 i<span class=\"_ _3\"></span>n vigore al <span class=\"_ _3\"></span>momento del realizzo dell\u2019attivit\u00e0 o dell\u2019estinzione <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>considerazione <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>normativa <span class=\"_ _3\"></span>fiscale <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>vigore <span class=\"_ _3\"></span>all<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _3\"></span>del bilancio. <span class=\"_ _3\"></span>Gli <span class=\"_ _3\"></span>effetti, <span class=\"_ _3\"></span>ove <span class=\"_ _3\"></span>rilevanti, di <span class=\"_ _3\"></span>variazioni <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_ _8\"></span>aliquote <span class=\"_ _7\"></span>f<span class=\"_ _3\"></span>iscali <span class=\"_ _8\"></span>o <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>norme <span class=\"_ _7\"></span>tributarie <span class=\"_ _7\"></span>sono <span class=\"_ _8\"></span>descritti <span class=\"_ _8\"></span>nelle note <span class=\"_ _15\"> </span>esplicative. <span class=\"_ _15\"> </span><span class=\"ls9\">Le<span class=\"_ _3\"></span></span> <span class=\"_ _15\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>passivit\u00e0 <span class=\"_ _15\"> </span>fiscali <span class=\"_ _15\"> </span>differite <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"></span>esposte <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span><span class=\"ls17\">il</span> <span class=\"_ _12\"> </span>saldo <span class=\"_ _15\"></span>netto <span class=\"_ _15\"> </span>quando <span class=\"_ _15\"> </span><span class=\"ls7\">vi</span> <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _15\"> </span>un diritto <span class=\"_ _14\"></span>legale <span class=\"_ _14\"></span>a compensare<span class=\"_ _2\"></span> le imposte correnti attive e passiv<span class=\"_ _2\"></span>e e quando si riferiscono ad impos<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>e dovute alla medesima autor<span class=\"_ _2\"></span>it\u00e0 fiscale. Le impos<span class=\"_ _2\"></span>te differite no<span class=\"_ _2\"></span>n sono attualizza<span class=\"_ _2\"></span>te. Il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>valuta <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>recuperabilit\u00e0 <span class=\"_ _1\"></span>delle <span class=\"_ _16\"></span>atti<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _16\"></span>fiscali <span class=\"_ _1\"></span>differite <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>pre<span class=\"_ _3\"></span>visioni <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>imponibili <span class=\"_ _1\"></span>futuri attesi <span class=\"_ _7\"></span>tenendo <span class=\"_ _7\"></span>anche <span class=\"_ _8\"></span>in <span class=\"_ _7\"></span>considerazione <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>effetti <span class=\"_ _7\"></span>futuri <span class=\"_ _8\"></span>rivenienti <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>differenze <span class=\"_ _7\"></span>temporanee <span class=\"_ _7\"></span>su <span class=\"_ _8\"></span>cui <span class=\"_ _7\"></span>sono iscritte passivit\u00e0 f<span class=\"_ _2\"></span>iscali diff<span class=\"_ _2\"></span>erite 10. U<span class=\"_ _2\"></span>til<span class=\"_ _1\"></span>e per<span class=\"_ _1\"></span> azio<span class=\"_ _2\"></span>ne L\u2019utile <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>az<span class=\"_ _3\"></span>ione <span class=\"_ _15\"> </span>base <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _15\"> </span>determinato <span class=\"_ _15\"> </span>come <span class=\"_ _15\"> </span>r<span class=\"_ _3\"></span>apporto <span class=\"_ _15\"></span><span class=\"ls6\">tra</span> <span class=\"_ _15\"></span><span class=\"ls6\">il</span> <span class=\"_ _15\"> </span>risultato <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>periodo <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>pertinenza <span class=\"_ _15\"> </span>del <span class=\"_ _7\"></span>Grup<span class=\"_ _2\"></span>po attr<span class=\"_ _1\"></span>ibuib<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>alle<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>azio<span class=\"_ _2\"></span>ni <span class=\"_ _16\"></span>ordin<span class=\"_ _1\"></span>arie <span class=\"_ _1\"></span>ed <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span>nume<span class=\"_ _1\"></span>ro <span class=\"_ _1\"></span>medio <span class=\"_ _16\"></span>pon<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ato<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>azion<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>ord<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>e in <span class=\"_ _1\"></span>ci<span class=\"_ _3\"></span>rcolazione nel<span class=\"_ _2\"></span>l\u2019esercizio. 11.<span class=\"fc0 ls0\"> Im<span class=\"_ _2\"></span>mobi<span class=\"_ _2\"></span>li,<span class=\"_ _1\"></span> impia<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>i e<span class=\"_ _1\"></span> mac<span class=\"_ _2\"></span>chi<span class=\"_ _2\"></span>nar<span class=\"_ _1\"></span>i </span>Sono <span class=\"_ _14\"></span>iscritti <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>condizione <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>costo <span class=\"_ _14\"></span>sia <span class=\"_ _7\"></span>attendibilm<span class=\"_ _2\"></span>ente <span class=\"_ _14\"></span>determinabile <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>i <span class=\"_ _14\"></span>relativi <span class=\"_ _14\"></span>benefici <span class=\"_ _14\"></span>economici futuri possano esse<span class=\"_ _2\"></span>re realiz<span class=\"_ _2\"></span>zati dal Gruppo. Sono <span class=\"_ _1\"></span>iscritti <span class=\"_ _1\"></span>al <span class=\"_ _2\"></span>costo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acquisto <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di produ<span class=\"_ _2\"></span>zione, <span class=\"_ _1\"></span>comprensivo <span class=\"_ _16\"></span>degli <span class=\"_ _2\"></span>oneri <span class=\"_ _16\"></span>accessori <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>costi <span class=\"_ _2\"></span>diretti <span class=\"_ _16\"></span>e <span class=\"_ _2\"></span>indiretti di produzione per <span class=\"_ _2\"></span>la quota ragionevol<span class=\"_ _2\"></span>mente impu<span class=\"_ _2\"></span>tabile al bene. Le<span class=\"ls0\"> <span class=\"_ _16\"></span>immobilizzazioni <span class=\"_ _0\"></span>materiali <span class=\"_ _16\"></span>sono <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>stematica<span class=\"_ _2\"></span>mente <span class=\"_ _16\"></span>ammortizzate <span class=\"_ _0\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>ogni <span class=\"_ _16\"></span>esercizio <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>quote <span class=\"_ _1\"></span>costanti <span class=\"_ _1\"></span>sulla base<span class=\"_ _2\"></span> </span></span></span>di <span class=\"_ _1\"></span>aliquote <span class=\"_ _1\"></span>economico-tecniche <span class=\"_ _16\"></span>determinate <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>relazione <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>residue <span class=\"_ _1\"></span>possibilit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>utilizzo <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>beni. <span class=\"_ _1\"></span>Le <span class=\"_ _2\"></span>aliquote<span class=\"_ _2\"></span> di ammortamen<span class=\"_ _2\"></span>to utilizzate sono <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e seguenti: Im<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1c9\"> </span>3<span class=\"_ _1\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _1\"></span>%Attr<span class=\"_ _2\"></span>ez<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> vari<span class=\"_ _16\"></span>a<span class=\"_ _1ca\"> </span>1<span class=\"_ _1\"></span>2% - <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>%Im<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span>nari<span class=\"_ _1cb\"> </span>5<span class=\"_ _1\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _1\"></span>%Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> ben<span class=\"_ _2\"></span>i<span class=\"_ _1cc\"> </span>1<span class=\"_ _1\"></span>0% - <span class=\"_ _3\"></span>5<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>%I terreni non vengono <span class=\"_ _1\"></span>as<span class=\"_ _3\"></span>sogget<span class=\"_ _2\"></span>tati ad amm<span class=\"_ _2\"></span>ort<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>to. Nel <span class=\"_ _f\"> </span>primo <span class=\"_ _f\"> </span>anno <span class=\"_ _10\"> </span>le <span class=\"_ _4\"> </span>aliqu<span class=\"_ _1\"></span>ot<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>applicate <span class=\"_ _10\"> </span>tengono <span class=\"_ _f\"> </span>conto <span class=\"_ _f\"> </span>dell\u2019effettivo <span class=\"_ _10\"> </span>utilizzo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>bene <span class=\"_ _10\"> </span>in <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>d\u2019anno, l\u2019ammortamento <span class=\"_ _2\"></span>inizia quando le<span class=\"ff21\"> </span>atti<span class=\"_ _2\"></span>vit\u00e0 sono pronte <span class=\"_ _1\"></span>per<span class=\"_ _3\"></span> l\u2019uso.<span class=\"ff21\"> </span>La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _2\"></span>ile <span class=\"_\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _11\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_\"> </span>criterio <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_\"> </span>ammortam<span class=\"_ _2\"></span>ento <span class=\"_\"> </span>sono <span class=\"_\"> </span>r<span class=\"_ _2\"></span>ivisti <span class=\"_\"> </span>period<span class=\"_ _2\"></span>icamente <span class=\"_\"> </span><span class=\"ls4\">e,<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls4a\">si</span> <span class=\"_\"> </span>riscontrino <span class=\"_\"> </span>rilevanti </span></span>cambiamenti rispe<span class=\"_ _2\"></span>tto alle assunzion<span class=\"_ _2\"></span>i adottate in precedenza, <span class=\"_ _2\"></span>la quota di ammort<span class=\"_ _2\"></span>amento viene rett<span class=\"_ _2\"></span>ificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff24\">\u201cprospe<span class=\"_ _2\"></span>ttico\u201d.<span class=\"ff21\"> </span></span>Le <span class=\"_ _12\"> </span>spese <span class=\"_ _12\"> </span>incrementative <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>manutenzione <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>producono <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>significativ<span class=\"_ _2\"></span>o <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>tangibile <span class=\"_ _12\"> </span>incremento <span class=\"_ _12\"> </span>della capacit\u00e0 <span class=\"_ _16\"></span>produttiva <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>sicurezza <span class=\"_ _16\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>cespiti <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>comportano <span class=\"_ _16\"></span>un <span class=\"_ _1\"></span>allungamento <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>vita <span class=\"_ _3\"></span>utile <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>stessi, vengono <span class=\"_ _8\"></span>capitalizza<span class=\"_ _2\"></span>te <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>portate <span class=\"_ _7\"></span><span class=\"ls4\">ad</span> <span class=\"_ _8\"></span>incremento del cespite su cui vengono<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>realizzate. I costi di manutenz<span class=\"_ _2\"></span>ione aventi natura o<span class=\"_ _2\"></span>rdinaria sono imput<span class=\"_ _2\"></span>ati direttam<span class=\"_ _2\"></span>ente a conto econo<span class=\"_ _2\"></span>mico. Le <span class=\"_ _6\"></span>migliorie <span class=\"_ _6\"></span>su <span class=\"_ _3\"></span>beni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>terzi <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>classifica<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>immobilizzazi<span class=\"_ _2\"></span>oni <span class=\"_ _6\"></span>materiali, <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>bas<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>natura <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>costo sostenuto. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ammortamento <span class=\"_ _6\"></span>corrisponde <span class=\"_ _3\"></span>al <span class=\"_ _14\"></span>minore <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>utile <span class=\"_ _6\"></span>residua <span class=\"_ _14\"></span>dell\u2019<span class=\"_ _2\"></span>immobilizzazion<span class=\"_ _1\"></span>e materiale e la dur<span class=\"_ _2\"></span>ata del contra<span class=\"_ _2\"></span>tto del bene d<span class=\"_ _2\"></span>i terzi. Un <span class=\"_ _6\"></span>bene <span class=\"_ _14\"></span>materiale <span class=\"_ _6\"></span>viene <span class=\"_ _6\"></span>eliminato <span class=\"_ _14\"></span>dal<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>bilancio<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>al <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>endita <span class=\"_ _14\"></span>o <span class=\"_ _6\"></span>svalutato <span class=\"_ _6\"></span>integralmente <span class=\"_ _11\"> </span>quando non <span class=\"_ _11\"> </span>sussista <span class=\"_ _12\"> </span>alcun <span class=\"_ _11\"> </span>beneficio <span class=\"_ _11\"> </span>economico <span class=\"_ _12\"> </span>futuro <span class=\"_ _11\"> </span>atteso <span class=\"_ _11\"> </span>dal <span class=\"_ _11\"> </span>suo <span class=\"_ _11\"> </span>uso <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>dismissione. <span class=\"_ _6\"></span>Eventual<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>o <span class=\"_ _14\"></span>util<span class=\"_ _2\"></span>i (calcolati <span class=\"_ _16\"></span>come <span class=\"_ _1\"></span>differenza <span class=\"_ _16\"></span>tra <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>proventi <span class=\"_ _16\"></span>netti <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>vendita <span class=\"_ _16\"></span>e i<span class=\"_ _2\"></span>l <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>contabile) <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>inclusi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico nell\u2019anno della sud<span class=\"_ _2\"></span>detta eli<span class=\"_ _1\"></span>minaz<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span>. 12. D<span class=\"_ _1\"></span>irit<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>d\u2019uso <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>beni <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>leas<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> e<span class=\"_ _1\"></span> passi<span class=\"_ _2\"></span>vit<span class=\"_ _1\"></span>\u00e0 per<span class=\"_ _1\"></span> contr<span class=\"_ _2\"></span>att<span class=\"_ _1\"></span>i di<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>oc<span class=\"_ _1\"></span>azione<span class=\"_ _2\"></span> Il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>detiene <span class=\"_ _7\"></span>immobili, <span class=\"_ _7\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>macchinari <span class=\"_ _7\"></span>(prevalentemente <span class=\"_ _14\"></span>immobili <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>auto <span class=\"_ _8\"></span>aziendali <span class=\"_ _7\"></span><span class=\"ls4\">ad</span> <span class=\"_ _7\"></span>uso <span class=\"_ _7\"></span>dei dipendenti) <span class=\"_ _16\"></span>utilizzati <span class=\"_ _1\"></span>nello <span class=\"_ _1\"></span>svolgimento <span class=\"_ _16\"></span>della <span class=\"_ _1\"></span>propria <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _16\"></span>aziendale, <span class=\"_ _1\"></span>attraverso <span class=\"_ _1\"></span>contratti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>leasing. <span class=\"_ _1\"></span>Alla <span class=\"_ _1\"></span>data di in<span class=\"_ _2\"></span>izio <span class=\"_ _2\"></span>del leas<span class=\"_ _2\"></span>ing s<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> dete<span class=\"_ _2\"></span>rmina <span class=\"_ _2\"></span>se i<span class=\"_ _2\"></span>l cont<span class=\"_ _2\"></span>ratto \u00e8, <span class=\"_ _1\"></span>o contiene, <span class=\"_ _1\"></span>un leasing. Tal<span class=\"_ _2\"></span>e def<span class=\"_ _2\"></span>inizione <span class=\"_ _1\"></span>\u00e8 soddisfatta <span class=\"_ _1\"></span>quando il <span class=\"_ _14\"></span>contratto <span class=\"_ _6\"></span>trasferisce <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>diritto<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>controllare <span class=\"_ _6\"></span>l\u2019utilizzo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>un\u2019attivit\u00e0 <span class=\"_ _14\"></span>sottostante <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>un <span class=\"_ _14\"></span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>tempo <span class=\"_ _14\"></span>in cambio di un c<span class=\"_ _2\"></span>orr<span class=\"_ _1\"></span>ispet<span class=\"_ _1\"></span>tivo.<span class=\"_ _1\"></span> Alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>decorrenza <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>contratto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>easing <span class=\"_ _16\"></span>si <span class=\"_ _2\"></span>rileva <span class=\"_ _16\"></span>un\u2019attivit\u00e0 c<span class=\"_ _2\"></span>onsistente <span class=\"_ _16\"></span>nel <span class=\"_ _1\"></span>diritto <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>utilizzo <span class=\"_ _16\"></span>dell\u2019attivit\u00e0 sottostante (Dir<span class=\"_ _2\"></span>itto d\u2019uso) e una pa<span class=\"_ _2\"></span>ssivit\u00e0 del lea<span class=\"_ _2\"></span>sing.<span class=\"ff21\"> </span>Il <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span>ritto <span class=\"_ _6\"></span>d\u2019uso <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _6\"></span>valutato <span class=\"_ _14\"></span>inizialme<span class=\"_ _2\"></span>nte <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>costo, <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>comprende <span class=\"_ _6\"></span>l\u2019importo <span class=\"_ _14\"></span>iniziale <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>passivit\u00e0<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>leasing </span>rettificato per <span class=\"_ _2\"></span>i pagamenti g<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>\u00e0 corrisposti al<span class=\"_ _2\"></span>la data di <span class=\"_ _2\"></span>decorrenza <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> ne<span class=\"_ _2\"></span>tto<span class=\"_ _2\"></span> degli ince<span class=\"_ _2\"></span>ntivi <span class=\"ls7\">di</span> le<span class=\"_ _2\"></span>asing <span class=\"_ _2\"></span>ricevuti, <span class=\"_ _1\"></span>pi\u00f9 </span></span>gli <span class=\"_ _1\"></span>eventuali <span class=\"_ _16\"></span>costi <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span><span class=\"ls6\">lo<span class=\"ls0\"> <span class=\"_ _1\"></span>smantellamento, <span class=\"_ _16\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ff24\">rimozione, <span class=\"_ _2\"></span>il riprist<span class=\"_ _2\"></span>ino dell\u2019att<span class=\"_ _2\"></span>ivit\u00e0 sott<span class=\"_ _2\"></span>ostante. I <span class=\"_ _2\"></span>Diritti <span class=\"_ _2\"></span>d\u2019uso son<span class=\"_ _2\"></span>o </span></span></span></span></span>successivamente <span class=\"_ _6\"></span>ammortizzat<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>quote <span class=\"_ _14\"></span>costanti <span class=\"_ _6\"></span>sul <span class=\"_ _14\"></span>periodo <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _14\"></span>breve <span class=\"_ _6\"></span>fra <span class=\"_ _14\"></span>la <span class=\"_ _14\"></span>durata <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>leasing <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>la <span class=\"_ _6\"></span>vita <span class=\"_ _14\"></span>utile stimata delle at<span class=\"_ _2\"></span>tivit\u00e0 consistent<span class=\"_ _2\"></span>i nel diritto di ut<span class=\"_ _2\"></span>ilizzo. La <span class=\"_ _11\"> </span>passivit\u00e0 <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>l<span class=\"_ _3\"></span>easing <span class=\"_ _11\"> </span>\u00e8 <span class=\"_ _11\"> </span>inizialmente <span class=\"_ _11\"> </span>valutata <span class=\"_ _11\"> </span><span class=\"ls4\">al</span> <span class=\"_ _11\"> </span>valore <span class=\"_ _11\"> </span>attuale <span class=\"_ _11\"> </span>dei <span class=\"_ _11\"> </span>pagamenti <span class=\"_\"> </span>do<span class=\"_ _2\"></span>vuti <span class=\"_ _11\"> </span>per <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>l<span class=\"_ _3\"></span>easing <span class=\"_ _7\"></span>da corrispondere <span class=\"_ _5\"> </span>lungo <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>durata <span class=\"_ _5\"> </span>del <span class=\"_ _17\"> </span>leasing. <span class=\"_ _5\"> </span>Tali <span class=\"_ _5\"> </span>pagamenti <span class=\"_ _5\"> </span>sono <span class=\"_ _5\"> </span>attualizzati <span class=\"_ _5\"> </span>utilizzando <span class=\"_ _5\"> </span>un <span class=\"_ _5\"> </span>tasso <span class=\"_ _5\"> </span>di indebitamento <span class=\"_ _15\"> </span>incrementale <span class=\"_ _15\"> </span>coerente <span class=\"_ _15\"> </span>con <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>maturity <span class=\"_ _15\"> </span>dei <span class=\"_ _12\"> </span>contratti <span class=\"_ _15\"> </span>sottostanti <span class=\"_ _12\"> </span>quando <span class=\"_ _15\"> </span><span class=\"ls17\">il</span> <span class=\"_ _15\"> </span>t<span class=\"_ _3\"></span>asso <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>interesse implicito <span class=\"_ _15\"></span>del <span class=\"_ _8\"></span>leasing <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _15\"> </span>facilmente <span class=\"_ _15\"> </span>determinabile<span class=\"_ _2\"></span>. <span class=\"_ _15\"> </span>I <span class=\"_ _12\"> </span>pagamenti <span class=\"_ _15\"> </span>variabili <span class=\"_ _15\"> </span>dovuti <span class=\"_ _12\"> </span>per <span class=\"_ _15\"></span>il <span class=\"_ _15\"> </span>leasing <span class=\"_ _15\"> </span>che <span class=\"_ _12\"> </span>non dipendono <span class=\"_ _7\"></span>da <span class=\"_ _7\"> </span>un <span class=\"_ _8\"> </span>indice <span class=\"_ _7\"></span>o <span class=\"_ _7\"> </span>da <span class=\"_ _7\"> </span>un <span class=\"_ _8\"> </span>tasso <span class=\"_ _7\"> </span>sono <span class=\"_ _8\"> </span>rilevati <span class=\"_ _7\"></span>come <span class=\"_ _7\"> </span>costi <span class=\"_ _7\"> </span>nel <span class=\"_ _8\"> </span>periodo <span class=\"_ _7\"></span>in <span class=\"_ _7\"> </span>cui <span class=\"_ _7\"> </span>si<span class=\"_ _3\"></span> <span class=\"_ _7\"> </span>verifica <span class=\"_ _7\"> </span>l\u2019evento <span class=\"_ _7\"> </span>o <span class=\"_ _7\"> </span>l<span class=\"_ _3\"></span>a circostanza che fa <span class=\"_ _15\"> </span>scattare i pag<span class=\"_ _2\"></span>amenti. Dopo la d<span class=\"_ _2\"></span>ata di decor<span class=\"_ _2\"></span>renza, la passivit\u00e0 del leas<span class=\"_ _2\"></span>ing \u00e8 valutata al <span class=\"_ _2\"></span>costo ammortizzato u<span class=\"_ _2\"></span>sando il metodo de<span class=\"_ _2\"></span>l tasso di intere<span class=\"_ _2\"></span>sse effettivo e <span class=\"_ _2\"></span>rideterminata al<span class=\"_ _2\"></span> verificarsi d<span class=\"_ _2\"></span>i taluni eventi. L\u2019identificazion<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>contratto di<span class=\"_ _3\"></span> l<span class=\"_ _3\"></span>easing (lease <span class=\"_ _3\"></span>term) <span class=\"_ _3\"></span>corrisponde al<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>annullabile del contratto <span class=\"_ _12\"> </span>(non <span class=\"_ _11\"> </span>cancellable<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>period), <span class=\"_ _12\"> </span>unitamente <span class=\"_ _12\"> </span>ai <span class=\"_ _11\"> </span>periodi <span class=\"_ _11\"> </span>coperti <span class=\"_ _12\"> </span>da <span class=\"_ _12\"> </span>un\u2019<span class=\"_ _3\"></span>opzion<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>rinnovo <span class=\"_ _15\"> </span>o <span class=\"_ _15\"> </span>risoluzione anticipata <span class=\"_ _1\"></span>del con<span class=\"_ _2\"></span>tratto, <span class=\"_ _1\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>cui <span class=\"_ _1\"></span>esercizio, <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>cui<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ls4a\">si<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff24\">detiene il con<span class=\"_ _2\"></span>trollo, \u00e8 cons<span class=\"_ _2\"></span>iderato \u201crag<span class=\"_ _2\"></span>ionevolmente cer<span class=\"_ _2\"></span>to\u201d.<span class=\"ff21\"> </span></span></span></span></span></span>Il<span class=\"ls0\"> <span class=\"_ _16\"></span>Gruppo <span class=\"_ _16\"></span>applica <span class=\"_ _16\"></span><span class=\"ff24\">l\u2019eccezione<span class=\"ff21\"> <span class=\"_ _16\"></span>alla <span class=\"_ _0\"></span>rilevazione <span class=\"_ _16\"></span>prevista <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>leasing <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>breve <span class=\"_ _16\"></span>termine <span class=\"_ _16\"></span><span class=\"ls4\">ai<span class=\"ls0\"> <span class=\"_ _16\"></span>propri <span class=\"_ _16\"></span>contratti <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>durat<span class=\"_ _2\"></span>a </span></span></span></span></span>uguale o <span class=\"_ _2\"></span><span class=\"ff24\">inferiore <span class=\"_ _1\"></span>a 12 mesi <span class=\"_ _1\"></span>dalla data di d<span class=\"_ _1\"></span>ecorrenza. Applica, <span class=\"_ _1\"></span>inoltre, l\u2019eccezion<span class=\"_ _2\"></span>e<span class=\"ff21\"> <span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _1\"></span>rilevazione <span class=\"_ _1\"></span>prevista <span class=\"_ _1\"></span>per </span></span>i <span class=\"_ _1\"></span>leasing <span class=\"_ _16\"></span>nei <span class=\"_ _16\"></span>quali <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019attivit\u00e0<span class=\"ff21\"> <span class=\"_ _1\"></span>sottostante <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff24\">\u201cmodesto <span class=\"_ _1\"></span>valore\u201d<span class=\"ff21\"> <span class=\"_ _3\"></span>e <span class=\"ls6\">il</span> cui importo <span class=\"_ _3\"></span>\u00e8 stimato come <span class=\"_ _3\"></span>non significativo.<span class=\"_ _2\"></span> </span></span></span></span></span></span>I <span class=\"_ _3\"></span>pagamenti <span class=\"_ _3\"></span>dovuti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>leasing a bre<span class=\"_ _2\"></span>ve ter<span class=\"_ _2\"></span>mine e per <span class=\"_ _1\"></span>i leasing in cu<span class=\"_ _2\"></span>i l\u2019attivi<span class=\"_ _2\"></span>t\u00e0 sott<span class=\"_ _2\"></span>ostante \u00e8 d<span class=\"_ _2\"></span>i modes<span class=\"_ _2\"></span>to valore sono rilevati co<span class=\"_ _2\"></span>me costo a quote <span class=\"_ _2\"></span>costanti per la d<span class=\"_ _2\"></span>urata del lea<span class=\"_ _2\"></span>sing. Una <span class=\"_ _12\"> </span>modifica <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>contratto <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>affitto <span class=\"_ _12\"> </span>si <span class=\"_ _11\"> </span>verifica <span class=\"_ _12\"> </span>quando <span class=\"_ _12\"> </span>c\u2019\u00e8 <span class=\"_ _12\"> </span>una <span class=\"_ _11\"> </span>variazione <span class=\"_ _12\"> </span>dell\u2019oggetto <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>contratto<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _8\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> </span>locazione, <span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>pagamenti <span class=\"_ _3\"></span>relativi <span class=\"_ _6\"></span><span class=\"ls3\">al</span> <span class=\"_ _6\"></span>contratto <span class=\"_ _3\"></span><span class=\"ff24\">d\u2019affitto,</span> <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>faceva <span class=\"_ _6\"></span>parte <span class=\"_ _3\"></span>dei <span class=\"_ _7\"></span>termini <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>delle <span class=\"_ _14\"></span>condizioni originali <span class=\"_ _8\"> </span>del <span class=\"_ _15\"> </span>contratto <span class=\"_ _15\"> </span>d\u2019affitto. <span class=\"_ _15\"> </span>In <span class=\"_ _15\"> </span>questo <span class=\"_ _8\"> </span>caso, <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>diritto <span class=\"_ _15\"> </span>d\u2019uso <span class=\"_ _8\"> </span>e <span class=\"_ _12\"> </span>il <span class=\"_ _15\"> </span>debito <span class=\"_ _8\"> </span>per <span class=\"_ _15\"> </span>contratti <span class=\"_ _15\"> </span>d\u2019affitto <span class=\"_ _8\"> </span>vengono aggiornati di conse<span class=\"_ _2\"></span>guenza. Le<span class=\"ls0\"> c<span class=\"_ _2\"></span>omp<span class=\"_ _1\"></span>onent<span class=\"_ _1\"></span>i d<span class=\"_ _2\"></span>ei<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>att<span class=\"_ _1\"></span>i o<span class=\"_ _1\"></span> i <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> s<span class=\"_ _1\"></span>tessi<span class=\"_ _1\"></span> <span class=\"ls17\">la</span> <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>loc<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span>e \u00e8 <span class=\"_ _1\"></span>rico<span class=\"_ _1\"></span>nduc<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>ile<span class=\"_ _1\"></span> <span class=\"ls3\">ad</span> <span class=\"_ _2\"></span><span class=\"ls7\">un<span class=\"ls0\"> <span class=\"_ _1\"></span>contr<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>di servizi o <span class=\"_ _2\"></span>ad una </span></span></span>concessione di lic<span class=\"_ _2\"></span>enza, sono stati esc<span class=\"_ _2\"></span>lusi dall\u2019amb<span class=\"_ _2\"></span>ito di appli<span class=\"_ _2\"></span>cazione dell\u2019IFRS 16<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span><span class=\"ff21\"> </span>Sono <span class=\"_ _7\"></span>stati <span class=\"_ _8\"></span>identificati <span class=\"_ _7\"></span>contratti <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>sublocazion<span class=\"_ _2\"></span>e <span class=\"_ _8\"></span>riconducibili <span class=\"_ _7\"></span>agli <span class=\"_ _7\"></span>immobili <span class=\"_ _8\"></span><span class=\"ls6\">in</span> <span class=\"_ _7\"></span>uso. <span class=\"_ _8\"></span><span class=\"ls8\">Il</span> <span class=\"_ _8\"></span>Gruppo <span class=\"_ _15\"></span>in <span class=\"_ _15\"> </span>qualit\u00e0 <span class=\"_ _8\"></span>di locatore a terzi <span class=\"_ _2\"></span>di spazi immob<span class=\"_ _2\"></span>iliari ha ident<span class=\"_ _2\"></span>ificato detti cont<span class=\"_ _2\"></span>ratti come leasin<span class=\"_ _2\"></span>g oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>vo.<span class=\"_ _1\"></span> Gli <span class=\"_ _8\"></span>investimenti <span class=\"_ _8\"></span>immobilia<span class=\"_ _2\"></span>ri <span class=\"_ _8\"></span>detenuti <span class=\"_ _8\"></span>per <span class=\"_ _15\"></span>percepire <span class=\"_ _8\"></span>canoni <span class=\"_ _8\"></span><span class=\"ls7\">di</span> <span class=\"_ _15\"> </span>locazione,<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>per <span class=\"_ _15\"></span>l\u2019apprezza<span class=\"_ _2\"></span>mento <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>capitale investito <span class=\"_ _14\"></span>o <span class=\"_ _7\"></span>per <span class=\"_ _14\"></span>entrambe <span class=\"_ _14\"></span><span class=\"ls17\">le</span> <span class=\"_ _7\"></span>motivazioni, <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>iscritti <span class=\"_ _14\"></span><span class=\"ls4\">al</span> <span class=\"_ _7\"></span>costo, <span class=\"_ _7\"></span>compren<span class=\"_ _2\"></span>sivo <span class=\"_ _14\"></span>degli <span class=\"_ _7\"></span>oneri <span class=\"_ _8\"></span>accessori <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>diretta imputazione e, ad eccezion<span class=\"_ _2\"></span>e della componente relativa ai terreni, sono <span class=\"_ _2\"></span>sistematic<span class=\"_ _2\"></span>amente <span class=\"_ _1\"></span>ammortizzati <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quote costanti <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>singolo <span class=\"_ _1\"></span>periodo <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>della vita utile stimata. </span></span>I <span class=\"_ _1\"></span>costi<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>sostenuti <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>migliorie <span class=\"_ _2\"></span>vengono <span class=\"_ _1\"></span>imputati <span class=\"_ _1\"></span>ad incr<span class=\"_ _2\"></span>emento <span class=\"_ _1\"></span>dei beni <span class=\"_ _1\"></span>interessati <span class=\"_ _1\"></span>solo se <span class=\"_ _1\"></span>sono <span class=\"_ _0\"></span>attendibilmente stimabili <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>potranno <span class=\"_ _16\"></span>essere <span class=\"_ _1\"></span>recuperati <span class=\"_ _16\"></span>tramite <span class=\"_ _16\"></span>futuri <span class=\"_ _16\"></span>benefici <span class=\"_ _16\"></span>economici attesi ad ess<span class=\"_ _2\"></span>i associabili. 13. I<span class=\"_ _1\"></span>nvest<span class=\"_ _1\"></span>iment<span class=\"_ _1\"></span>i immo<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>iar<span class=\"_ _1\"></span>i Gli <span class=\"_ _1\"></span>investimenti <span class=\"_ _1\"></span>immobiliari <span class=\"_ _1\"></span>vengono <span class=\"_ _1\"></span>periodicamente <span class=\"_ _1\"></span>valutati <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>identificare <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>perdite <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>come descritto nel paragr<span class=\"_ _2\"></span>afo succ<span class=\"_ _2\"></span>essivo. 14. A<span class=\"_ _1\"></span>ttiv<span class=\"_ _1\"></span>it\u00e0 im<span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>i Sono <span class=\"_ _14\"></span>iscritti <span class=\"_ _6\"></span>tra <span class=\"_ _14\"></span>le <span class=\"_ _14\"></span><span class=\"ff24\">attivit\u00e0 <span class=\"_ _14\"></span>immateriali <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>costi, <span class=\"_ _14\"></span>inclusiv<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>degli <span class=\"_ _14\"></span>oneri <span class=\"_ _6\"></span>accessori, <span class=\"_ _14\"></span>sostenuti <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>l\u2019acquisizione<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>di </span>risorse <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>ive <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>consistenza <span class=\"_\"> </span>fisic<span class=\"_ _2\"></span>a <span class=\"_\"> </span>a <span class=\"_\"> </span>co<span class=\"_ _2\"></span>ndizione <span class=\"_ _11\"> </span>che <span class=\"_\"> </span>il <span class=\"_\"> </span>loro <span class=\"_ _11\"> </span>ammontare <span class=\"_\"> </span>sia <span class=\"_ _11\"> </span>quantificabile<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _15\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _15\"> </span>bene <span class=\"_ _15\"> </span>sia chiaramente <span class=\"_ _14\"></span>identificabile <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>controllabile <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>l\u2019uso <span class=\"_ _12\"> </span>della <span class=\"_ _15\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>generer\u00e0 <span class=\"_ _15\"> </span>probabili <span class=\"_ _12\"> </span>benefici economici in <span class=\"_ _2\"></span>futuro. Non <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>capitalizzati <span class=\"_ _17\"> </span>costi <span class=\"_ _18\"> </span>pubblicitari, <span class=\"_ _18\"> </span>costi <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>impianto <span class=\"_ _18\"> </span>e <span class=\"_ _18\"> </span>ampliamento <span class=\"_ _17\"> </span>e <span class=\"_ _18\"> </span>costi<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>ricerca. <span class=\"_ _18\"> </span>Le immobilizzaz<span class=\"_ _2\"></span>ioni <span class=\"_ _16\"></span>aventi <span class=\"_ _1\"></span>vita <span class=\"_ _16\"></span>utile <span class=\"_ _1\"></span>definita <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>sistematicamente <span class=\"_ _16\"></span>ammortizzate <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>quo<span class=\"_ _3\"></span>te <span class=\"_ _1\"></span>costanti <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>singolo periodo per tener co<span class=\"_ _2\"></span>nto della res<span class=\"_ _2\"></span>idua possibili<span class=\"_ _2\"></span>t\u00e0 di utilizzazione. La <span class=\"_\"> </span>voc<span class=\"_ _2\"></span>e <span class=\"_\"> </span>\u201ca<span class=\"_ _1\"></span>vviame<span class=\"_ _1\"></span>nto\u201d<span class=\"_ _2\"></span> <span class=\"_\"> </span><span class=\"ls4a\">si</span> <span class=\"_\"> </span>rif<span class=\"_ _2\"></span>er<span class=\"_ _1\"></span>isce <span class=\"_\"> </span><span class=\"ls49\">al</span> <span class=\"_\"> </span>mag<span class=\"_ _2\"></span>gio<span class=\"_ _1\"></span>r <span class=\"_\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_\"> </span>att<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>to <span class=\"_\"> </span>in<span class=\"_ _2\"></span> <span class=\"_\"> </span>sed<span class=\"_ _2\"></span>e <span class=\"_\"> </span><span class=\"ls1\">di</span> <span class=\"_\"> </span>pri<span class=\"_ _1\"></span>mo <span class=\"_\"> </span>con<span class=\"_ _2\"></span>sol<span class=\"_ _2\"></span>ida<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>to <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>una partecipazione <span class=\"_ _16\"></span>o <span class=\"_ _16\"></span>identificato <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>via <span class=\"_ _1\"></span>residuale <span class=\"_ _16\"></span><span class=\"ff24\">dall\u2019eccedenza<span class=\"ff21\"> <span class=\"_ _16\"></span>del <span class=\"_ _16\"></span>costo <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>acquisizione <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">delle </span></span></span></span></span></span></span></span>attivit\u00e0, passivit<span class=\"_ _2\"></span>\u00e0 e passivit\u00e0 pot<span class=\"_ _2\"></span>enziali iden<span class=\"_ _2\"></span>tificabili di alcune so<span class=\"_ _2\"></span>ciet\u00e0 contro<span class=\"_ _2\"></span>llate alla data d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> acquisizione. Gli <span class=\"_ _11\"> </span>avviamenti <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>le <span class=\"_ _11\"> </span>immobilizzazioni <span class=\"_ _12\"> </span>immateriali <span class=\"_ _12\"> </span>aventi <span class=\"_ _11\"> </span>vita <span class=\"_ _12\"> </span>util<span class=\"_ _3\"></span>e <span class=\"_ _12\"> </span>inde<span class=\"_ _3\"></span>finita <span class=\"_ _11\"> </span>non <span class=\"_ _12\"> </span>vengono <span class=\"_ _11\"> </span>sottoposti <span class=\"_ _11\"> </span>ad ammortamento,<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>bens\u00ec <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>periodiche <span class=\"_ _14\"></span>verifiche<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>dentificare <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore, <span class=\"_ _14\"></span>cos\u00ec <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>descritto nel <span class=\"_ _7\"></span>paragrafo <span class=\"_ _7\"></span>\u201cPerdite <span class=\"_ _14\"></span>di <span class=\"_ _7\"> </span>valore <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>attivit\u00e0\u201d. <span class=\"_ _14\"></span>Qualora <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi<span class=\"_ _3\"></span> <span class=\"_ _1c7\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>ca<span class=\"_ _3\"></span>ssa <span class=\"_ _14\"></span>attesi <span class=\"_ _7\"></span>attualizzati <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>permettano <span class=\"_ _14\"></span>il recupero dell\u2019inv<span class=\"_ _2\"></span>estimento ini<span class=\"_ _2\"></span>ziale, l\u2019attivi<span class=\"_ _2\"></span>t\u00e0 iscritta viene co<span class=\"_ _2\"></span>ngruamente sva<span class=\"_ _2\"></span>lutata. Il<span class=\"ls0\"> <span class=\"_ _14\"></span>maggior <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>attribuito <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _14\"></span>una <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>immateriale <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>definita, <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>scritto <span class=\"_ _3\"></span><span class=\"ls6\">in</span> <span class=\"_ _6\"></span>applicazione <span class=\"_ _8\"></span><span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019I<span class=\"_ _2\"></span>FR<span class=\"_ _2\"></span>S<span class=\"ff21\"> <span class=\"_ _6\"></span>3 <span class=\"_ _14\"></span>a </span></span></span>seg<span class=\"_ _2\"></span>uit<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span><span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019a<span class=\"_ _2\"></span>cq<span class=\"_ _2\"></span>uis<span class=\"_ _1\"></span>izion<span class=\"_ _2\"></span>e<span class=\"ff21\"> <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> </span>una<span class=\"ls0\"> <span class=\"_ _1\"></span>parte<span class=\"_ _1\"></span>cipaz<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>sede<span class=\"_ _2\"></span> <span class=\"ls1\">di</span> <span class=\"_ _2\"></span>pri<span class=\"_ _1\"></span>mo c<span class=\"_ _1\"></span>onso<span class=\"_ _1\"></span>lida<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>to,<span class=\"_ _2\"></span> viene ammortizzato se <span class=\"_ _3\"></span>riferito </span></span></span></span></span></span>ad <span class=\"_\"> </span>immobilizzazion<span class=\"_ _2\"></span>i <span class=\"_\"> </span>a <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>def<span class=\"_ _2\"></span>inita. <span class=\"_\"> </span>Qualora <span class=\"_\"> </span>il <span class=\"_\"> </span>maggio<span class=\"_ _2\"></span>r <span class=\"_\"> </span>valore <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ia <span class=\"_\"> </span>attribuito <span class=\"_\"> </span>ad <span class=\"_\"> </span>immob<span class=\"_ _2\"></span>ilizzazioni<span class=\"_ _1\"></span> immateriali a vita utile indefinita, non viene ammortizzato. Tal<span class=\"_ _2\"></span>i attivit\u00e0 sono assoggettate ad <span class=\"_ _3\"></span><span class=\"ff26\">impairment test</span>, cos\u00ec come prev<span class=\"_ _2\"></span>isto dallo IAS 36.<span class=\"_ _2\"></span> Vengono <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>seguito <span class=\"_ _1\"></span>indicati <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>periodi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ammortamento <span class=\"_ _16\"></span>adottati <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span>varie <span class=\"_ _1\"></span>voci <span class=\"_ _1\"></span>delle <span class=\"_ _16\"></span>attivit\u00e0 imm<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i:<span class=\"_ _2\"></span> Co<span class=\"_ _1\"></span>nces<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ce<span class=\"_ _3\"></span>nz<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ri<span class=\"_ _16\"></span>tti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>si<span class=\"_ _16\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1a7\"> </span>da 3 a 5 ann<span class=\"_ _1\"></span>iP<span class=\"_ _3\"></span>ro<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>ram<span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soft<span class=\"_ _2\"></span>ware<span class=\"_ _1cd\"> </span>d<span class=\"_ _2\"></span>a 3 a <span class=\"_ _3\"></span>5<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>iTestate<span class=\"_ _1ce\"> </span>d<span class=\"_ _2\"></span>a 10<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> o i<span class=\"_ _16\"></span>nd<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>ni<span class=\"_ _0\"></span>taDi<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _1cf\"> </span>sec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span> peri<span class=\"_ _16\"></span>od<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>sp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _16\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zaz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ateri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _1d0\"> </span>d<span class=\"_ _2\"></span>a 2 a <span class=\"_ _3\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>iLe<span class=\"ls0\"> <span class=\"_ _15\"> </span>testate <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>vita <span class=\"_ _15\"> </span>utile <span class=\"_ _15\"> </span>definita <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>ammortizzate <span class=\"_ _8\"></span><span class=\"ls6\">in</span> <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>periodo <span class=\"_ _15\"> </span>tra <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>dieci <span class=\"_ _15\"> </span>anni <span class=\"_ _15\"> </span>e <span class=\"_ _12\"> </span>i <span class=\"_ _15\"></span><span class=\"ff24\">trent\u2019anni <span class=\"_ _15\"> </span>dalla</span> <span class=\"_ _f\"> </span>data </span>dell\u2019acquisto <span class=\"_ _11\"> </span><span class=\"ls6\">in</span> <span class=\"_\"> </span>funzione <span class=\"_ _11\"> </span>della <span class=\"_\"> </span>loro <span class=\"_ _11\"> </span>residua <span class=\"_\"> </span>possib<span class=\"_ _2\"></span>ilit\u00e0 <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>utilizzo. <span class=\"_\"> </span>Tale<span class=\"_ _2\"></span> <span class=\"_\"> </span>perio<span class=\"_ _2\"></span>do <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>ammortamento <span class=\"_ _7\"></span>viene<span class=\"_ _2\"></span> riesaminato <span class=\"_ _3\"></span>periodicamente<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>luce <span class=\"_ _6\"></span>dell\u2019andamento economico <span class=\"_ _3\"></span>prospettico <span class=\"_ _6\"></span>delle par<span class=\"_ _3\"></span>tecipate <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>detengono le testate. I <span class=\"_ _6\"></span>dir<span class=\"_ _3\"></span>itti <span class=\"_ _6\"></span>pl<span class=\"_ _3\"></span>uriennali <span class=\"_ _6\"></span>(di <span class=\"_ _14\"></span>durata <span class=\"_ _6\"></span>superiore <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>12 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>esi) <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>utilizzazione <span class=\"_ _6\"></span>televisiva <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>film, <span class=\"_ _14\"></span>serie, <span class=\"_ _6\"></span>telefilm, <span class=\"_ _6\"></span>cartoni animati, <span class=\"_ _7\"></span>concerti <span class=\"_ _8\"></span>classici, <span class=\"_ _7\"></span>corti, <span class=\"_ _8\"></span>documentari, <span class=\"_ _7\"></span>reportage <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>simili, <span class=\"_ _7\"></span>compresi <span class=\"_ _8\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>oneri <span class=\"_ _7\"></span>accessori <span class=\"_ _14\"></span>(doppiaggio, edizioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>materiali), <span class=\"_ _6\"></span>e <span class=\"_ _3\"></span>ivi <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>presi <span class=\"_ _6\"></span>quelli <span class=\"_ _6\"></span>inseri<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span><span class=\"ff24\">all\u2019interno <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>produzioni, <span class=\"_ _6\"></span>acquistati <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ediante <span class=\"_ _6\"></span>contratto <span class=\"_ _14\"></span>di </span>licenza, <span class=\"_ _6\"></span>vengono <span class=\"_ _14\"></span>iscritti <span class=\"_ _6\"></span>nella <span class=\"_ _14\"></span>voce <span class=\"_ _6\"></span>\u201cdiritti <span class=\"_ _6\"></span>televisivi\u201d <span class=\"_ _6\"></span>ed <span class=\"_ _14\"></span>ammortizzati <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>quote <span class=\"_ _6\"></span>costanti <span class=\"_ _14\"></span>annuali <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>periodo della loro disponibilit\u00e0 stabilito dal contratto di<span class=\"_ _3\"></span> <span class=\"ff24\">licenza a par<span class=\"_ _3\"></span>tire dall\u2019esercizio in cui sono <span class=\"_ _3\"></span>disponibil<span class=\"_ _2\"></span>i e <span class=\"_ _3\"></span>pronti </span>per <span class=\"_ _147\"> </span>l\u2019uso. <span class=\"_ _147\"> </span>Nel <span class=\"_ _1c\"> </span>caso <span class=\"_ _147\"> </span>in <span class=\"_ _1c\"> </span>cui<span class=\"_ _3\"></span> <span class=\"_ _147\"> </span>i <span class=\"_ _147\"> </span>diritti <span class=\"_ _1c\"> </span>abbiano <span class=\"_ _147\"> </span>esaurito <span class=\"_ _1c\"> </span>i <span class=\"_ _147\"> </span>passaggi <span class=\"_ _147\"> </span>disponibili, <span class=\"_ _1c\"> </span>indipendentemen<span class=\"_ _2\"></span>te dall\u2019ammortamen<span class=\"_ _2\"></span>to<span class=\"ff21\"> <span class=\"_ _3\"></span>gi\u00e0 contabilizzato, <span class=\"_ _3\"></span><span class=\"ls6\">il</span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>residuo viene <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nteramente addebitato <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _7\"></span>nel </span>periodo <span class=\"_ _8\"> </span>in <span class=\"_ _8\"> </span>cui <span class=\"_ _8\"> </span>si <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _15\"> </span>verificato <span class=\"_ _7\"> </span>l\u2019ultimo <span class=\"_ _8\"> </span>passaggio. <span class=\"_ _8\"> </span>I <span class=\"_ _8\"> </span>diritti <span class=\"_ _8\"> </span>d\u2019uso <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>frequenze <span class=\"_ _8\"> </span>televisive <span class=\"_ _8\"> </span>sono <span class=\"_ _8\"> </span>ammortizzat<span class=\"_ _2\"></span>i secondo la loro du<span class=\"_ _2\"></span>rata. La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _2\"></span>ile <span class=\"_\"> </span><span class=\"ls3\">ed</span> <span class=\"_\"> </span><span class=\"ls6\">il</span> <span class=\"_\"> </span>cri<span class=\"_ _2\"></span>terio <span class=\"_\"> </span>di <span class=\"_\"> </span>am<span class=\"_ _2\"></span>mortamento <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ono <span class=\"_\"> </span>rivist<span class=\"_ _2\"></span>i <span class=\"_\"> </span>periodicame<span class=\"_ _2\"></span>nte <span class=\"_\"> </span>e,<span class=\"_ _2\"></span> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls34\">si</span> <span class=\"_ _11\"> </span>riscontrino <span class=\"_\"> </span>rilevanti cambiamenti rispe<span class=\"_ _2\"></span>tto alle assunzion<span class=\"_ _2\"></span>i adottate in precedenza, <span class=\"_ _2\"></span>la quota di ammort<span class=\"_ _2\"></span>amento viene rett<span class=\"_ _2\"></span>ificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff24\">\u201cprospe<span class=\"_ _2\"></span>ttico\u201d.<span class=\"ff21\"> </span></span>Sono <span class=\"_ _7\"></span>iscritti <span class=\"_ _7\"> </span>nelle <span class=\"_ _7\"></span>immobilizzazioni <span class=\"_ _14\"></span>in <span class=\"_ _8\"> </span>corso <span class=\"_ _14\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _7\"> </span>costi <span class=\"_ _7\"> </span>sostenuti <span class=\"_ _7\"> </span>per <span class=\"_ _7\"> </span>l\u2019acquisizione <span class=\"_ _14\"></span>o <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>produzione<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _6\"></span>interna <span class=\"_ _6\"></span><span class=\"ls7\">di</span> </span>attivit\u00e0 <span class=\"_ _16\"></span>immateriali, <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>quali <span class=\"_ _16\"></span>non <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>ancora <span class=\"_ _16\"></span>stat<span class=\"_ _3\"></span>a <span class=\"_ _16\"></span>acquisita <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _16\"></span>piena titolari<span class=\"_ _2\"></span>t\u00e0 de<span class=\"_ _2\"></span>l diritto <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>riguardant<span class=\"_ _2\"></span>i proge<span class=\"_ _2\"></span>tti </span></span></span></span>non an<span class=\"_ _1\"></span>cora completat<span class=\"_ _2\"></span>i. L<span class=\"_ _1\"></span>e immobilizza<span class=\"_ _2\"></span>zioni <span class=\"_ _1\"></span>in corso <span class=\"_ _16\"></span>rimangono <span class=\"_ _1\"></span>iscritte <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>tale <span class=\"_ _1\"></span>voce <span class=\"_ _16\"></span>f<span class=\"_ _3\"></span>ino <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _1\"></span>momento <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>loro </span></span></span></span>utilizzazione economica: da <span class=\"_ _6\"></span>tale momento sono riclas<span class=\"_ _2\"></span>sificate nelle <span class=\"_ _2\"></span>rispettive voc<span class=\"_ _2\"></span>i di competenza <span class=\"_ _2\"></span>delle attivit\u00e0 immateriali ed am<span class=\"_ _2\"></span>mortizzate. Le<span class=\"ls0\"> immobiliz<span class=\"_ _2\"></span>zazioni <span class=\"ls6\">in</span> <span class=\"_ _1\"></span>corso sono assog<span class=\"_ _2\"></span>gettate <span class=\"ls4\">ad</span> <span class=\"_ _1\"></span><span class=\"ff26\">impairment test, <span class=\"_ _2\"></span><span class=\"ff21\">cos\u00ec co<span class=\"_ _2\"></span>me previs<span class=\"_ _2\"></span>to dallo IAS 36.<span class=\"_ _2\"></span> </span></span></span>Gli <span class=\"_ _1\"></span>oneri <span class=\"_ _1\"></span>finanziari <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>capitalizzati <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>immateriali <span class=\"_ _1\"></span>acquisite <span class=\"_ _2\"></span>ove <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ichiedano <span class=\"_ _2\"></span>un rilevante periodo <span class=\"_ _2\"></span>di tempo prima d<span class=\"_ _2\"></span>i essere pron<span class=\"_ _2\"></span>te per l\u2019uso. 15. P<span class=\"_ _1\"></span>erdi<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 no<span class=\"_ _1\"></span>n fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iarie La soc<span class=\"_ _3\"></span>iet\u00e0 verifica, almeno u<span class=\"_ _3\"></span><span class=\"ff24\">na <span class=\"_ _3\"></span>volta <span class=\"_ _3\"></span>all\u2019anno, la <span class=\"_ _3\"></span>recuperabilit\u00e0 del <span class=\"_ _3\"></span>valore contabile <span class=\"_ _3\"></span>delle attivit\u00e0 i<span class=\"_ _3\"></span>mmaterial<span class=\"_ _2\"></span>i </span>a <span class=\"_ _1\"></span>vita <span class=\"_ _1\"></span>utile <span class=\"_ _1\"></span>indefinita, <span class=\"_ _16\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>immateriali <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>corso, <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>volta <span class=\"_ _7\"></span>che <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>manifestano <span class=\"_ _16\"></span>indicatori <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>potenziale riduzione <span class=\"_ _8\"></span>di <span class=\"_ _15\"> </span>valore, <span class=\"_ _8\"></span>la <span class=\"_ _15\"></span>recuperabi<span class=\"_ _2\"></span>lit\u00e0 <span class=\"_ _15\"></span>del <span class=\"_ _8\"></span>valore <span class=\"_ _8\"></span>co<span class=\"_ _3\"></span>ntabile <span class=\"_ _8\"></span>delle <span class=\"_ _15\"> </span>immobilizzazio<span class=\"_ _2\"></span>ni <span class=\"_ _8\"></span>materiali <span class=\"_ _15\"></span>e <span class=\"_ _8\"></span>delle <span class=\"_ _15\"> </span>attivit\u00e0 immateriali <span class=\"_ _2\"></span>a vi<span class=\"_ _2\"></span>ta utile<span class=\"_ _2\"></span> defi<span class=\"_ _2\"></span>nita, nonch\u00e9 <span class=\"_ _1\"></span>delle partecip<span class=\"_ _2\"></span>azioni, <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>fine d<span class=\"_ _2\"></span>i determ<span class=\"_ _2\"></span>inare se <span class=\"_ _1\"></span>tali attivit\u00e0 <span class=\"_ _2\"></span>possano <span class=\"_ _2\"></span>aver subito una <span class=\"_ _1\"></span>perdita di <span class=\"_ _1\"></span>valore. Se <span class=\"_ _2\"></span>esiste un<span class=\"_ _1\"></span>a tale evid<span class=\"_ _2\"></span>enza, <span class=\"_ _2\"></span>il va<span class=\"_ _2\"></span>lore <span class=\"_ _2\"></span>di ca<span class=\"_ _2\"></span>rico d<span class=\"_ _2\"></span>e<span class=\"ff24\">ll\u2019attivit\u00e0 viene<span class=\"_ _2\"></span> rido<span class=\"_ _2\"></span>tto a<span class=\"_ _2\"></span>l relat<span class=\"_ _2\"></span>ivo<span class=\"ff21\"> </span></span>valore <span class=\"_ _16\"></span>recuperabile. <span class=\"_ _16\"></span><span class=\"ls8\">Il<span class=\"ls0\"> <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>recuperabile <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span><span class=\"ff24\">un\u2019attivit\u00e0<span class=\"ff21\"> <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>maggiore <span class=\"_ _16\"></span><span class=\"ls6\">tra<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _16\"></span>value <span class=\"_ _2\"></span><span class=\"ff21 ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span>netto <span class=\"_ _1\"></span>dei <span class=\"_ _16\"></span>costi <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>vendita </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>ed<span class=\"ls0\"> <span class=\"ls17\">il</span> suo valore <span class=\"ff24\">d\u2019uso.</span> <span class=\"ls8\">Il</span> <span class=\"ff26\">fair value </span>\u00e8 determin<span class=\"_ _2\"></span>ato con riferimento ai <span class=\"_ _6\"></span>prezzi <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>merc<span class=\"_ _2\"></span>ato. <span class=\"_ _6\"></span>In <span class=\"_ _3\"></span>assenza <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>valori <span class=\"_ _3\"></span>di </span>mercato v<span class=\"_ _2\"></span>engono u<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ilizzati <span class=\"_ _1\"></span>metodi di s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ima e <span class=\"_ _1\"></span>modelli v<span class=\"_ _2\"></span>alutativi ba<span class=\"_ _1\"></span>sati su dati <span class=\"_ _1\"></span>comunque <span class=\"_ _2\"></span>rilevabili <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>mercato. Il <span class=\"_ _6\"></span>valore <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>definito <span class=\"_ _3\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dell\u2019attua<span class=\"_ _2\"></span>lizzazione <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cassa <span class=\"_ _3\"></span>attesi <span class=\"_ _14\"></span>dall\u2019utilizzo <span class=\"_ _6\"></span>o <span class=\"_ _3\"></span>dalla <span class=\"_ _6\"></span>vendita del bene (o da un\u2019a<span class=\"_ _2\"></span>ggregazione di <span class=\"_ _2\"></span>beni, c.d. <span class=\"ff26\">cash gen<span class=\"_ _2\"></span>erating unit<span class=\"ff21 ls8\">).<span class=\"ls0\"> </span></span></span>Quando, su<span class=\"_ _2\"></span>ccessivamente, <span class=\"_ _1\"></span>la perdita d<span class=\"_ _2\"></span>i valore <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> un\u2019a<span class=\"_ _2\"></span>ttivit\u00e0 div<span class=\"_ _2\"></span>ersa da<span class=\"_ _2\"></span>ll\u2019avviament<span class=\"_ _2\"></span>o viene <span class=\"_ _2\"></span>meno o <span class=\"_ _1\"></span>si riduce, <span class=\"_ _2\"></span>il valore <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>dell\u2019attivit\u00e0 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>incrementato <span class=\"_ _1\"></span><span class=\"ff21\">sino <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>nuova <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>del va<span class=\"_ _2\"></span>lore <span class=\"_ _1\"></span>recuperabile <span class=\"_ _1\"></span>e n<span class=\"_ _2\"></span>ei <span class=\"_ _1\"></span>limiti <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>valore<span class=\"_ _2\"></span> </span>che <span class=\"_ _3\"></span>sarebbe <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>determinato se <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>osse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>alcuna perdita <span class=\"_ _6\"></span>per riduzione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>netto degli eventuali ammor<span class=\"_ _2\"></span>tamenti. 16. Cr<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>i e <span class=\"_ _1\"></span>altre<span class=\"_ _2\"></span> At<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ie I <span class=\"_ _3\"></span>crediti,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _6\"></span>eccezione <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>crediti <span class=\"_ _6\"></span>commerciali, <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span><span class=\"ls17\">le</span> <span class=\"_ _6\"></span>altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziar<span class=\"_ _2\"></span>ie <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>inizialmente <span class=\"_ _14\"></span>rilevate <span class=\"_ _6\"></span><span class=\"ls4\">al</span> <span class=\"_ _6\"></span><span class=\"ff26\">fair </span>value<span class=\"ff21\">, <span class=\"_ _14\"></span>oltre, <span class=\"_ _14\"></span>nel <span class=\"_ _14\"></span>solo <span class=\"_ _6\"></span><span class=\"ls4\">caso</span> <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span><span class=\"ff24\">un\u2019attivit\u00e0</span> <span class=\"_ _14\"></span>finanziaria <span class=\"_ _6\"></span>classificata <span class=\"_ _14\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span></span>fair <span class=\"_ _14\"></span>value <span class=\"_ _14\"></span><span class=\"ff21\">con <span class=\"_ _8\"></span>va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>im<span class=\"_ _1\"></span>pu<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>co<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>o </span>ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> gli<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _2\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _2\"></span>or<span class=\"_ _1\"></span>i di ac<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>. I cr<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>di<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>mm<span class=\"_ _2\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>rilevazione iniziale <span class=\"_ _6\"></span>sono<span class=\"_ _2\"></span> valutati <span class=\"_ _16\"></span>al <span class=\"_ _2\"></span>prezzo <span class=\"_ _16\"></span>stabilito <span class=\"_ _1\"></span>nell\u2019operazion<span class=\"_ _2\"></span>e. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>management <span class=\"_ _1\"></span>determina <span class=\"_ _16\"></span>la <span class=\"_ _1\"></span>classificazione <span class=\"_ _1\"></span>delle <span class=\"_ _16\"></span>attivit\u00e0 <span class=\"_ _1\"></span>finanziarie secondo i criteri def<span class=\"_ _2\"></span>initi dall\u2019IFR<span class=\"_ _2\"></span>S 9 e come r<span class=\"_ _2\"></span>ichiesto dall\u2019IFR<span class=\"_ _2\"></span>S 7 al momento d<span class=\"_ _2\"></span>ella loro pri<span class=\"_ _2\"></span>ma iscrizione.<span class=\"ff21\"> </span>Successivamente <span class=\"_ _16\"></span>all\u2019iscrizione <span class=\"_ _16\"></span>iniziale, <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span><span class=\"ff21\">attivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>valutate <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>relazione <span class=\"_ _16\"></span>alla <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>oro <span class=\"_ _16\"></span>classificazione </span>all\u2019interno di un<span class=\"_ _2\"></span>a delle segu<span class=\"_ _2\"></span>enti categorie:<span class=\"ff21\"> </span><span class=\"ff21 fs2 fc0\">al <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>ammortizzato: <span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>crediti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>effettuata <span class=\"_ _3\"></span>secondo<span class=\"_ _3\"></span> <span class=\"ls17\">il</span> criterio <span class=\"_ _1\"></span>del </span>costo <span class=\"_ _6\"></span>ammortizzato, <span class=\"_ _6\"></span>rilevando <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _14\"></span>econo<span class=\"_ _2\"></span>mico <span class=\"_ _6\"></span>gli <span class=\"_ _14\"></span>interessi <span class=\"_ _3\"></span>calcolati <span class=\"_ _15\"> </span>al <span class=\"_ _8\"></span>tasso <span class=\"_ _8\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>i<span class=\"_ _3\"></span>nteresse <span class=\"_ _8\"></span>effettivo <span class=\"_ _8\"></span>ossia applicando <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>tasso <span class=\"_ _2\"></span>che <span class=\"_ _1\"></span>rende <span class=\"_ _2\"></span>nulla <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>somma <span class=\"_ _2\"></span>dei <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>attuali <span class=\"_ _1\"></span>dei f<span class=\"_ _2\"></span>lussi <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>cassa <span class=\"_ _1\"></span>netti <span class=\"_ _1\"></span>generati <span class=\"_ _2\"></span>dallo <span class=\"_ _1\"></span>strumento finanziario. <span class=\"_ _12\"> </span>Le <span class=\"_ _11\"> </span>perdite <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>i<span class=\"_ _3\"></span>scritte <span class=\"_ _a1\"> </span>a <span class=\"_ _12\"> </span>conto <span class=\"_ _11\"> </span>economico <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>manifestars<span class=\"_ _2\"></span>i <span class=\"_ _11\"> </span>di <span class=\"_ _12\"> </span>perdite <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>valore <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>quando <span class=\"_ _12\"> </span>i finanziamenti <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>contabilmente <span class=\"_ _1\"></span>eliminati. <span class=\"_ _1\"></span>I <span class=\"_ _16\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>assoggettati <span class=\"_ _16\"></span>ad <span class=\"_ _1\"></span><span class=\"ff26\">i<span class=\"_ _3\"></span>mpairment <span class=\"_ _16\"></span><span class=\"ff21\">e <span class=\"_ _2\"></span>quindi <span class=\"_ _16\"></span>iscritti </span></span>al <span class=\"_ _14\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>presumibile <span class=\"_ _6\"></span>realizzo <span class=\"_ _6\"></span>(<span class=\"ff26\">fair <span class=\"_ _14\"></span>value</span><span class=\"ls5\">),</span> <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ediante <span class=\"_ _6\"></span><span class=\"ls6\">lo</span> <span class=\"_ _6\"></span>stanziamento <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>uno <span class=\"_ _14\"></span>specifico<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>ondo <span class=\"_ _6\"></span>svalutazione portato a diretta de<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>razione del v<span class=\"_ _2\"></span>alore dell\u2019attiv<span class=\"_ _2\"></span>it\u00e0.<span class=\"ff21\"> </span>I <span class=\"_ _2\"></span>cre<span class=\"_ _2\"></span>dit<span class=\"_ _2\"></span>i v<span class=\"_ _1\"></span>engon<span class=\"_ _1\"></span>o sva<span class=\"_ _1\"></span>lutat<span class=\"_ _1\"></span>i q<span class=\"_ _2\"></span>uan<span class=\"_ _1\"></span>do es<span class=\"_ _2\"></span>ist<span class=\"_ _2\"></span>e <span class=\"ls7\">una</span> <span class=\"_ _1\"></span>indic<span class=\"_ _1\"></span>azio<span class=\"_ _2\"></span>ne<span class=\"_ _1\"></span> ogg<span class=\"_ _2\"></span>etti<span class=\"_ _2\"></span>va <span class=\"_ _1\"></span>della<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>babil<span class=\"_ _1\"></span>e in<span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>gib<span class=\"_ _1\"></span>ilit<span class=\"_ _2\"></span>\u00e0 del <span class=\"_ _6\"></span>credito <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>in base <span class=\"_ _14\"></span>all\u2019esperienza <span class=\"_ _14\"></span>storica, <span class=\"_ _14\"></span>ai <span class=\"_ _14\"></span>dati <span class=\"_ _14\"></span>statistici <span class=\"_ _14\"></span>alle <span class=\"_ _14\"></span>con<span class=\"_ _3\"></span><span class=\"ff21\">dizioni <span class=\"_ _14\"></span>correnti <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>alle <span class=\"_ _7\"></span>previsioni <span class=\"_ _14\"></span>sulle <span class=\"_ _14\"></span>condizioni <span class=\"_ _6\"></span>fut<span class=\"_ _3\"></span>ure </span>(<span class=\"ff26\">expected cred<span class=\"_ _2\"></span>it losses<span class=\"ff21 ls5\">).<span class=\"ls0\"> </span></span></span>Qualora <span class=\"_ _7\"></span>nei <span class=\"_ _8\"></span>periodi <span class=\"_ _7\"></span>successiv<span class=\"_ _2\"></span>i <span class=\"_ _8\"></span>vengano <span class=\"_ _7\"></span>meno <span class=\"_ _7\"></span>le <span class=\"_ _8\"></span>motivazioni <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>precedenti <span class=\"_ _7\"></span>svalutazioni,<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>il <span class=\"_ _8\"></span>valore <span class=\"_ _7\"></span>delle attivit\u00e0 <span class=\"_ _12\"> </span>viene <span class=\"_ _12\"> </span>ripristinato <span class=\"_ _12\"> </span>fino <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>concorrenza <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>che <span class=\"_\"> </span>sarebb<span class=\"_ _2\"></span>e <span class=\"_ _11\"> </span>derivato <span class=\"_ _15\"> </span>dall\u2019<span class=\"_ _3\"></span>applicazion<span class=\"_ _2\"></span>e <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>costo ammortizzato, <span class=\"_ _2\"></span>se non fosse sta<span class=\"_ _2\"></span>ta effettuata la s<span class=\"_ _2\"></span>valutazione. Il<span class=\"ls0\"> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>evidenzia <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>questa <span class=\"_ _16\"></span>categoria <span class=\"_ _16\"></span>pr<span class=\"_ _3\"></span>evalentemen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _16\"></span>con <span class=\"_ _1\"></span>scadenza <span class=\"_ _16\"></span>entro <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>dodici <span class=\"_ _2\"></span>mesi <span class=\"_ _0\"></span>iscritte <span class=\"_ _16\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _0\"></span>loro </span></span></span></span></span>valore <span class=\"_ _1\"></span>nominale, <span class=\"_ _1\"></span>quale <span class=\"_ _16\"></span>approssimazione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>ammortizzato. <span class=\"_ _1\"></span>Nel <span class=\"_ _1\"></span>caso in<span class=\"_ _3\"></span> cui <span class=\"ls6\">il</span> paga<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ento preveda <span class=\"_ _2\"></span>termini superiori <span class=\"_ _15\"> </span>alle <span class=\"_ _12\"> </span>normali <span class=\"_ _12\"> </span>condizioni <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>mercato <span class=\"_ _15\"> </span>e <span class=\"_ _12\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>credito <span class=\"_ _11\"> </span>non <span class=\"_ _11\"> </span>maturi <span class=\"_ _12\"> </span>i<span class=\"_ _3\"></span>nteressi, <span class=\"_ _12\"> </span>si <span class=\"_\"> </span>co<span class=\"_ _2\"></span>nsidera <span class=\"_ _11\"> </span>presente <span class=\"_ _11\"> </span>una componente <span class=\"_ _15\"> </span>finanziaria <span class=\"_ _15\"> </span>implicita <span class=\"_ _15\"> </span>nel <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>i<span class=\"_ _3\"></span>scritto, <span class=\"_ _8\"></span>che <span class=\"_ _12\"> </span>viene <span class=\"_ _12\"> </span>pertanto <span class=\"_ _15\"> </span>attualizzato, <span class=\"_ _15\"> </span>addebitando <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>conto economico il <span class=\"_ _2\"></span>relativo scont<span class=\"_ _2\"></span>o. I <span class=\"_ _3\"></span>finanziamenti <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>crediti <span class=\"_ _3\"></span>denominati <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>valuta estera <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>convertiti <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>cambio <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>fine <span class=\"_ _6\"></span>esercizio<span class=\"_ _3\"></span> e gli utili o <span class=\"ls17\">le</span> perdite <span class=\"_ _1\"></span>derivanti <span class=\"_ _1\"></span><span class=\"ff24\">dall\u2019adeguamento<span class=\"ff21\"> <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>imputati <span class=\"_ _1\"></span>a con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>econo<span class=\"_ _1\"></span>mico.<span class=\"_ _1\"></span> </span></span><span class=\"ff21 fs2 fc0 ls4\">al<span class=\"ls0\"> <span class=\"_ _7\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span></span>rilevato <span class=\"_ _7\"></span>nelle <span class=\"_ _7\"></span>altre <span class=\"_ _7\"></span>componenti <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _7\"></span>complessivo <span class=\"_ _14\"></span>(FVOCI): gli altri<span class=\"_ _2\"></span> strumenti </span></span>di <span class=\"_ _3\"></span>capitale non correnti (ex <span class=\"_ _3\"></span><span class=\"ff26\">available for <span class=\"_ _3\"></span>sale</span>) sono <span class=\"_ _3\"></span>rilevati inizialmente <span class=\"_ _11\"> </span>al costo <span class=\"_ _3\"></span>(<span class=\"ff26\">fair value <span class=\"_ _3\"></span></span>del corrispettivo iniziale <span class=\"_ _3\"></span>dato <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cambio) <span class=\"_ _3\"></span>incrementato degli <span class=\"_ _6\"></span>eventuali oneri <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>transaz<span class=\"_ _2\"></span>ione <span class=\"_ _3\"></span>direttamente attribuibili <span class=\"_ _3\"></span>agli <span class=\"_ _3\"></span>stessi. Il <span class=\"_\"> </span>Gruppo<span class=\"_ _2\"></span>, <span class=\"_\"> </span>no<span class=\"_ _2\"></span>n <span class=\"_ _11\"> </span>essendo <span class=\"_\"> </span>opera<span class=\"_ _2\"></span>tivo <span class=\"_\"> </span>n<span class=\"_ _2\"></span>el <span class=\"_\"> </span>trading <span class=\"_ _11\"> </span>azionario, <span class=\"_\"> </span>h<span class=\"_ _1\"></span>a <span class=\"_\"> </span>adottato <span class=\"_ _11\"> </span>l\u2019opzione <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_\"> </span>present<span class=\"_ _2\"></span>are <span class=\"_\"> </span>n<span class=\"_ _2\"></span>elle <span class=\"_ _11\"> </span>altre componenti <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _16\"></span>complessivo <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span>succes<span class=\"_ _2\"></span>sive <span class=\"_ _1\"></span>variazioni <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _16\"></span><span class=\"ff24\">dell\u2019investimento. <span class=\"_ _16\"></span>Pertanto </span></span>solo <span class=\"_ _7\"></span>i <span class=\"_ _8\"></span>di<span class=\"_ _3\"></span>videndi <span class=\"_ _7\"></span>sono <span class=\"_ _8\"></span>rilevati <span class=\"_ _7\"></span>a <span class=\"_ _8\"></span>conto <span class=\"_ _8\"></span>economico <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>meno<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>che <span class=\"_ _8\"></span>non <span class=\"_ _8\"></span>rappresenti<span class=\"_ _2\"></span>no <span class=\"_ _8\"></span>chiaramente <span class=\"_ _15\"> </span>un <span class=\"_ _12\"> </span>rimborso dell\u2019investimento. L<span class=\"_ _2\"></span>e variazioni di <span class=\"ff26\">fair value <span class=\"ff21\">e eventu<span class=\"_ _2\"></span>ali plusvalenze e min<span class=\"_ _2\"></span>usvalenze in fase di cession<span class=\"_ _2\"></span>e degli </span></span>altri strumenti <span class=\"_ _3\"></span>di capitale <span class=\"_ _3\"></span>non correnti sono <span class=\"_ _3\"></span>rilevati <span class=\"_\"> </span>a conto economico <span class=\"_ _3\"></span>complessivo e <span class=\"_ _3\"></span>non transitano mai <span class=\"_ _3\"></span>dal conto <span class=\"_ _1\"></span>economico. <span class=\"_ _2\"></span>Poich\u00e9 <span class=\"_ _1\"></span>tale <span class=\"_ _1\"></span>opzione <span class=\"_ _2\"></span>pu\u00f2 <span class=\"_ _1\"></span>essere <span class=\"_ _2\"></span>esercitata <span class=\"_ _1\"></span>investimento <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>investimento, <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>eccezioni in fase di prima <span class=\"_ _2\"></span>iscrizione verranno e<span class=\"_ _1\"></span>vi<span class=\"_ _3\"></span>denziate ne<span class=\"_ _2\"></span>lla nota di com<span class=\"_ _2\"></span>mento alla voce. Tutti <span class=\"_ _12\"> </span>gli <span class=\"_ _12\"> </span>investimenti <span class=\"_ _12\"> </span><span class=\"ls6\">in</span> <span class=\"_ _12\"> </span>strumenti <span class=\"_ _12\"> </span>rappresenta<span class=\"_ _2\"></span>tivi <span class=\"_ _12\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>capitale <span class=\"_ _12\"> </span>devono <span class=\"_ _12\"> </span><span class=\"ls4\">es</span>sere <span class=\"_ _11\"> </span>valutati <span class=\"_ _12\"> </span>al <span class=\"ff26\">fair value</span>. In caso di <span class=\"_ _6\"></span>titoli <span class=\"_ _3\"></span>negoziati <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>mercati <span class=\"_ _6\"></span>attivi, <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _3\"></span></span>\u00e8 <span class=\"_ _6\"></span>determin<span class=\"_ _2\"></span>ato <span class=\"_ _3\"></span>facendo <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>alla <span class=\"_ _6\"></span>quotazione <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>al termine delle negoz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>azioni del g<span class=\"_ _2\"></span>iorno di chiusu<span class=\"_ _2\"></span>ra <span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019e<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>ciz<span class=\"_ _1\"></span>io.<span class=\"_ _2\"></span><span class=\"ff21\"> </span></span>Per gli i<span class=\"_ _3\"></span>nvestimenti per i quali non es<span class=\"_ _3\"></span>iste un mercato attivo, il <span class=\"_ _6\"></span><span class=\"ff26\">fair value </span>\u00e8 <span class=\"_ _3\"></span>determinato in funzione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>prezzo di <span class=\"_ _16\"></span>transazioni <span class=\"_ _16\"></span>recenti <span class=\"_ _16\"></span>fra <span class=\"_ _16\"></span>parti <span class=\"_ _16\"></span>indipendenti <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>strumenti <span class=\"_ _0\"></span>sostanzialmente si<span class=\"_ _1\"></span>mili<span class=\"_ _2\"></span>, <span class=\"_ _16\"></span>oppur<span class=\"_ _2\"></span>e <span class=\"_ _16\"></span>utili<span class=\"_ _2\"></span>zza<span class=\"_ _2\"></span>ndo<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>tre<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>tecnic<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e </span></span>di <span class=\"_ _8\"></span>val<span class=\"_ _2\"></span>uta<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>one<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>quali<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls3\">ad</span> <span class=\"_ _8\"></span>esem<span class=\"_ _2\"></span>pio<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>valut<span class=\"_ _1\"></span>azion<span class=\"_ _1\"></span>i <span class=\"_ _8\"></span>red<span class=\"_ _2\"></span>dit<span class=\"_ _2\"></span>ua<span class=\"_ _1\"></span>li <span class=\"_ _15\"> </span>o <span class=\"_ _12\"> </span>basate <span class=\"_ _12\"> </span>sull\u2019analisi <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>flussi <span class=\"_ _12\"> </span>finanziari <span class=\"_ _15\"> </span>attualizzati (<span class=\"ff26\">Discounted Cash Flow<span class=\"_ _1\"></span><span class=\"ff21 ls5\">).<span class=\"ls0\"> </span></span></span>Limitatamente <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>poche <span class=\"_ _6\"></span>circostanze, <span class=\"_ _3\"></span>tuttavia, <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>pu\u00f2 <span class=\"_ _6\"></span>rappresen<span class=\"_ _2\"></span>tare <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>stima <span class=\"_ _3\"></span>adeguata <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _6\"></span>value <span class=\"_ _3\"></span></span>se, per esempio, le pi\u00f9 recenti informa<span class=\"_ _2\"></span>zioni disponibili per<span class=\"_ _2\"></span> valutare il <span class=\"ff26\">fair value </span>sono insufficienti, oppure se vi \u00e8 un\u2019ampia gamma di possibili<span class=\"_ _2\"></span> val<span class=\"ff21\">utazioni del <span class=\"ff26\">fair value</span>. Il costo non \u00e8 mai la migliore stima del <span class=\"ff26\">fair value </span>per </span>gli investimen<span class=\"_ _2\"></span>ti in strumenti ra<span class=\"_ _2\"></span>ppresentativi d<span class=\"_ _2\"></span>i capitale quota<span class=\"_ _2\"></span>ti. Dal <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>operativo<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>nel <span class=\"_ _6\"></span>trading <span class=\"_ _3\"></span>azionario, <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>altri <span class=\"_ _6\"></span>strum<span class=\"_ _2\"></span>enti <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>capitale<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>non <span class=\"_ _6\"></span>corrent<span class=\"_ _3\"></span><span class=\"ls17\">i </span>sono costituiti dagli i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _2\"></span>ti i<span class=\"_ _3\"></span>n strumenti rappresentativ<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>del capitale inferiori al <span class=\"_ _3\"></span>20% nei quali il <span class=\"_ _3\"></span>Gruppo non esercita un\u2019in<span class=\"_ _2\"></span>fluenza significa<span class=\"_ _2\"></span>tiva.<span class=\"ff21\"> </span>al <span class=\"_ _12\"> </span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _15\"> </span>value <span class=\"_ _12\"> </span><span class=\"ff24\">rilevato <span class=\"_ _12\"> </span>nel <span class=\"_ _15\"> </span>risultato <span class=\"_ _12\"> </span>dell\u2019esercizio <span class=\"_ _15\"> </span>(FVTPL): <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>valutazione <span class=\"_ _15\"> </span>delle <span class=\"_ _15\"> </span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _12\"> </span></span></span>finan<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ari<span class=\"_ _1\"></span>e, <span class=\"_ _8\"></span>che<span class=\"_ _2\"></span> <span class=\"_ _8\"></span><span class=\"ls49\">al</span> mom<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to <span class=\"_ _14\"></span>della<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>rile<span class=\"_ _1\"></span>vazi<span class=\"_ _2\"></span>one<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>inizia<span class=\"_ _1\"></span>le <span class=\"_ _7\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>valu<span class=\"_ _1\"></span>tate <span class=\"_ _14\"></span><span class=\"ls49\">al<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span><span class=\"ff26\">fai<span class=\"_ _2\"></span>r <span class=\"_ _7\"></span>val<span class=\"_ _2\"></span>ue <span class=\"_ _14\"></span><span class=\"ff21\">con <span class=\"_ _14\"></span>varia<span class=\"_ _1\"></span>zioni<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>imputate <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>cont<span class=\"_ _3\"></span>o <span class=\"_ _14\"></span>economico <span class=\"_ _14\"></span>\u00e8 </span></span>determinata facendo <span class=\"_ _2\"></span>riferimento <span class=\"ls4\">al</span> v<span class=\"_ _2\"></span>alore di me<span class=\"_ _2\"></span>rcato alla data <span class=\"_ _3\"></span>di <span class=\"_ _14\"></span>chiusura<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rilevazione; nel <span class=\"_ _11\"> </span>caso <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>strumenti <span class=\"_\"> </span>non<span class=\"_ _1\"></span> <span class=\"_\"> </span>quotati <span class=\"_ _11\"> </span>lo <span class=\"_\"> </span>s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>esso <span class=\"_ _11\"> </span>\u00e8 <span class=\"_\"> </span>dete<span class=\"_ _2\"></span>rminato <span class=\"_ _11\"> </span>attraverso <span class=\"_ _11\"> </span>tecniche <span class=\"_ _11\"> </span>finanziarie <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>valutazione generalmente <span class=\"_ _1\"></span>accettate <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>basate su <span class=\"_ _1\"></span>dati d<span class=\"_ _2\"></span>i mer<span class=\"_ _2\"></span>cato. <span class=\"_ _2\"></span>Gli <span class=\"_ _1\"></span>utili e <span class=\"_ _1\"></span>le perdi<span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span>dalla va<span class=\"_ _2\"></span>lutazione al <span class=\"_ _1\"></span><span class=\"ff26\">fair valu<span class=\"_ _2\"></span>e </span>relativi <span class=\"_ _14\"></span>alle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _14\"></span>classifi<span class=\"_ _2\"></span>cate <span class=\"_ _14\"></span><span class=\"ls6\">in</span> <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categoria <span class=\"_ _14\"></span>sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _14\"></span>economico. <span class=\"_ _6\"></span><span class=\"ls16\">Al</span> <span class=\"_ _14\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _14\"></span>2022 <span class=\"_ _14\"></span><span class=\"ls6\">il</span> Gruppo non detie<span class=\"_ _2\"></span>ne attivit\u00e0 finanz<span class=\"_ _2\"></span>iarie, che al <span class=\"_ _2\"></span>momento della <span class=\"_ _2\"></span>rilevazione <span class=\"_ _2\"></span>iniziale sono valu<span class=\"_ _2\"></span>tate al <span class=\"ff26\">f<span class=\"_ _3\"></span>air value</span>. 17. R<span class=\"_ _2\"></span>iman<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ze <span class=\"_ _1\"></span>di mag<span class=\"_ _1\"></span>azzin<span class=\"_ _2\"></span>o Le <span class=\"_ _16\"></span>rimanenze <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>valutate <span class=\"_ _0\"></span>al <span class=\"_ _1\"></span>minore <span class=\"_ _16\"></span>tra <span class=\"_ _16\"></span>il <span class=\"_ _1\"></span>costo <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>acquisto <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _16\"></span>produzione <span class=\"_ _16\"></span>comprensivo <span class=\"_ _16\"></span>degli <span class=\"_ _14\"></span>oneri <span class=\"_ _14\"></span>accesso<span class=\"_ _2\"></span>ri di <span class=\"_ _15\"> </span>diretta <span class=\"_ _12\"> </span>imputazione, <span class=\"_ _15\"> </span><span class=\"ls3\">al</span> <span class=\"_ _12\"> </span>netto <span class=\"_ _12\"> </span>degli <span class=\"_ _15\"> </span>sconti <span class=\"_ _12\"> </span>e <span class=\"_ _15\"> </span>abbuoni, <span class=\"_ _12\"> </span>calcolato co<span class=\"_ _2\"></span>n il metodo <span class=\"_ _2\"></span>del costo med<span class=\"_ _2\"></span>io ponderato,<span class=\"_ _1\"></span> ed <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>presumibile <span class=\"_ _6\"></span>realizzo <span class=\"_ _6\"></span>desumibile <span class=\"_ _6\"></span>dall\u2019andamento<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>mercato. <span class=\"_ _6\"></span>Il <span class=\"_ _14\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>presumib<span class=\"_ _2\"></span>ile <span class=\"_ _6\"></span>realizzo viene calcolato tenendo conto dei prezzi di mercato, degli eventuali costi di produ<span class=\"_ _2\"></span>zione ancora da sostenere e dei <span class=\"_\"> </span>costi <span class=\"_\"> </span>diretti <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>vendita. <span class=\"_ _12\"> </span><span class=\"ls8\">Il<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>delle<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>rimanenz<span class=\"_ _2\"></span>e <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>rettificato <span class=\"_ _12\"> </span>tramite <span class=\"_ _12\"> </span><span class=\"ff24\">l\u2019iscrizione</span> <span class=\"_ _12\"> </span><span class=\"ls7\">di</span> <span class=\"_ _12\"> </span>spe<span class=\"_ _3\"></span>cifico <span class=\"_ _12\"> </span>fondo svalutazione pe<span class=\"_ _2\"></span>r tenere con<span class=\"_ _2\"></span>to di fenomeni di <span class=\"_ _2\"></span>lento rigiro e obso<span class=\"_ _2\"></span>lescenza. 18. D<span class=\"_ _1\"></span>ispon<span class=\"_ _2\"></span>ibi<span class=\"_ _2\"></span>lit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>liqu<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>mezz<span class=\"_ _1\"></span>i eq<span class=\"_ _2\"></span>uiv<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>nti La<span class=\"ls0\"> vo<span class=\"_ _2\"></span>ce <span class=\"_ _1\"></span>comp<span class=\"_ _1\"></span>rende<span class=\"_ _1\"></span> <span class=\"ls17\">il</span> d<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>o <span class=\"ls17\">in<span class=\"_ _2\"></span><span class=\"ls0\"> ca<span class=\"_ _1\"></span>ssa,<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>epo<span class=\"_ _1\"></span>siti<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>i a <span class=\"_ _2\"></span>vis<span class=\"_ _1\"></span>ta <span class=\"ls3\">ed<span class=\"_ _2\"></span><span class=\"ls0\"> al<span class=\"_ _1\"></span>tri <span class=\"_ _2\"></span>inv<span class=\"_ _2\"></span>es<span class=\"_ _1\"></span>timen<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>inanz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri <span class=\"_ _2\"></span>a breve termine e </span></span></span></span></span>ad elevata <span class=\"_ _3\"></span>liquidit\u00e0 che sono prontamente convertibili in <span class=\"_ _3\"></span>cassa e <span class=\"_ _3\"></span>sono soggetti ad un <span class=\"_ _3\"></span>rischio non <span class=\"_ _6\"></span>significativo di variazione di va<span class=\"_ _2\"></span>lore. Sono iscritti <span class=\"ls4\">al</span> valore no<span class=\"_ _1\"></span>min<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>. 19. P<span class=\"_ _1\"></span>atri<span class=\"_ _1\"></span>monio <span class=\"_ _1\"></span>netto Az<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ni <span class=\"_ _2\"></span>pro<span class=\"_ _1\"></span>p<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e Sono <span class=\"_ _14\"></span>valutate <span class=\"_ _14\"></span>con <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>costo <span class=\"_ _14\"></span>storico <span class=\"_ _14\"></span>ed <span class=\"_ _14\"></span>iscritte <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>diminuzione <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _14\"></span>voci <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>patrimonio <span class=\"_ _14\"></span>netto. <span class=\"_ _14\"></span>Il risultato derivant<span class=\"_ _2\"></span>e da succe<span class=\"_ _2\"></span>ssive vendite v<span class=\"_ _2\"></span>iene rilevato <span class=\"_ _2\"></span>direttamente co<span class=\"_ _2\"></span>me movime<span class=\"_ _2\"></span>nto di patrimonio netto. Div<span class=\"_ _1\"></span>idend<span class=\"_ _2\"></span>i d<span class=\"_ _2\"></span>ist<span class=\"_ _1\"></span>ribui<span class=\"_ _2\"></span>ti I <span class=\"_\"> </span>dividend<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_\"> </span>pagab<span class=\"_ _2\"></span>ili <span class=\"_ _11\"> </span>sono <span class=\"_\"> </span>rappres<span class=\"_ _2\"></span>entati <span class=\"_\"> </span>c<span class=\"_ _2\"></span>ome <span class=\"_ _11\"> </span>movimento <span class=\"_\"> </span>di <span class=\"_\"> </span>patri<span class=\"_ _2\"></span>monio <span class=\"_\"> </span>n<span class=\"_ _2\"></span>etto <span class=\"_ _11\"> </span>nell\u2019esercizio <span class=\"_\"> </span>in <span class=\"_ _11\"> </span>cui <span class=\"_ _11\"> </span>sono approvati <span class=\"_ _16\"></span><span class=\"ff24\">dall\u2019Assemblea<span class=\"ff21\"> <span class=\"_ _16\"></span>degli <span class=\"_ _1\"></span>Azionisti <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>dal <span class=\"_ _16\"></span>Consiglio <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Amministraz<span class=\"_ _2\"></span>ione <span class=\"_ _16\"></span>nel <span class=\"_ _1\"></span>caso <span class=\"_ _2\"></span>di <span class=\"_ _16\"></span>acconto <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>dividendo </span></span>ai sensi dell\u2019art<span class=\"_ _2\"></span>icolo 2433-bis del Cod<span class=\"_ _2\"></span>ice Civile.<span class=\"_ _2\"></span> 20. B<span class=\"_ _1\"></span>enef<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>i <span class=\"_ _16\"></span>ai <span class=\"_ _1\"></span>dipen<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>ti <span class=\"_ _16\"></span>succ<span class=\"_ _1\"></span>essiv<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>al r<span class=\"_ _1\"></span>apport<span class=\"_ _1\"></span>o di l<span class=\"_ _2\"></span>av<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>o Il <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>rattamento <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>fine <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>apporto <span class=\"_ _6\"></span>(TFR), <span class=\"_ _6\"></span>obbligato<span class=\"_ _3\"></span><span class=\"ff24\">rio <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>imprese <span class=\"_ _6\"></span>italiane <span class=\"_ _14\"></span>ai <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>nsi <span class=\"_ _6\"></span>dell\u2019art. <span class=\"_ _14\"></span>2120 <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>Codice </span>Civile, ha <span class=\"_ _3\"></span>natura <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>retribuzione <span class=\"_ _3\"></span>differita ed <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>correlato <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>durata della <span class=\"_ _3\"></span>vita<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>lavorativa <span class=\"_ _3\"></span>dei dipendenti <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"_ _3\"></span>alla retribuzione <span class=\"_ _1\"></span>percepita <span class=\"_ _1\"></span>nel periodo <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>servizio <span class=\"_ _1\"></span>prestato. I<span class=\"_ _1\"></span>l Trattamen<span class=\"_ _2\"></span>to d<span class=\"_ _2\"></span>i f<span class=\"_ _2\"></span>ine <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>apporto <span class=\"_ _1\"></span>delle soci<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _2\"></span>italiane <span class=\"_ _1\"></span>con almeno <span class=\"_ _12\"> </span>50 <span class=\"_ _12\"> </span>dipendenti <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _12\"> </span>da <span class=\"_ _12\"> </span>considerarsi <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>piano <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>benefici <span class=\"_ _7\"></span>definiti <span class=\"_ _14\"></span>esclusivamente <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span><span class=\"ls6\">le</span> <span class=\"_ _7\"></span>quote <span class=\"_ _14\"></span>m<span class=\"_ _3\"></span>aturate anteriormente <span class=\"_ _1\"></span>al 1\u00b0 <span class=\"_ _1\"></span>gennaio <span class=\"_ _2\"></span>2007 <span class=\"_ _2\"></span>(e non <span class=\"_ _1\"></span>ancora <span class=\"_ _2\"></span>liquidat<span class=\"_ _2\"></span>e al<span class=\"_ _2\"></span>la da<span class=\"_ _2\"></span>ta d<span class=\"_ _2\"></span>i bi<span class=\"_ _2\"></span>lancio), <span class=\"_ _2\"></span>mentre <span class=\"_ _1\"></span>successi<span class=\"_ _3\"></span>vamente <span class=\"_ _f\"> </span>a tale data <span class=\"_ _12\"> </span>esso <span class=\"_ _11\"> </span>\u00e8 <span class=\"_ _12\"> </span>assimilabile <span class=\"_ _12\"> </span>ad <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>pi<span class=\"_ _3\"></span>ano <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>contribuzion<span class=\"_ _1\"></span>e <span class=\"_ _11\"> </span>definita. <span class=\"_ _12\"> </span>Per <span class=\"_ _11\"> </span>le <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _12\"> </span>italiane <span class=\"_ _12\"> </span>aventi<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>meno <span class=\"_ _12\"> </span><span class=\"ls7\">di</span> <span class=\"_ _12\"> </span><span class=\"ls7\">50<span class=\"_ _3\"></span></span> dipendenti, <span class=\"ls17\">il</span> <span class=\"_ _6\"></span>Trattamen<span class=\"_ _2\"></span>to di <span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>ine rapporto <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>piano a <span class=\"_ _6\"></span>benefici<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>definiti. <span class=\"_ _3\"></span>Tutti <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>piani <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>benefici <span class=\"_ _3\"></span>definiti <span class=\"_ _3\"></span>sono attualizzati. Il <span class=\"_ _3\"></span>processo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>attualizzazione, fondato <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>ipotesi <span class=\"_ _3\"></span>demografiche e <span class=\"_ _3\"></span>finanziarie, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>affidato ad <span class=\"_ _3\"></span>attuari professionisti <span class=\"_ _14\"></span>esterni. <span class=\"_ _14\"></span>Per <span class=\"_ _14\"></span>effetto <span class=\"_ _14\"></span>dell\u2019Emendamen<span class=\"_ _2\"></span>to <span class=\"_ _14\"></span>allo <span class=\"_ _7\"></span>IAS <span class=\"_ _14\"></span>19 <span class=\"_ _7\"> </span><span class=\"ff21\">- <span class=\"_ _7\"></span><span class=\"ff26\">Benefici <span class=\"_ _14\"></span>ai <span class=\"_ _14\"></span>dipendenti <span class=\"_ _14\"></span></span><span class=\"ls6\">il</span> <span class=\"_ _14\"></span>riconoscimento </span>delle <span class=\"_ _3\"></span>componenti <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>legate <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>prestazione <span class=\"_ _3\"></span>lavorativa <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>netti <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>conto eco<span class=\"_ _2\"></span>no<span class=\"_ _2\"></span>mico<span class=\"_ _1\"></span>, ment<span class=\"_ _1\"></span>re <span class=\"ff24\">l\u2019is<span class=\"_ _1\"></span>criz<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span><span class=\"ff21\"> degl<span class=\"_ _2\"></span>i ut<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span> e per<span class=\"_ _1\"></span>dite at<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i che<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>iva<span class=\"_ _2\"></span>no<span class=\"_ _2\"></span> dal<span class=\"_ _2\"></span>la <span class=\"ls8\">ri</span>-<span class=\"_ _1\"></span>misura<span class=\"_ _1\"></span>zion<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _3\"></span>e </span></span>delle attivit\u00e0 sono <span class=\"_ _2\"></span>rilevate n<span class=\"_ _2\"></span>el prospetto di con<span class=\"_ _2\"></span>to economico co<span class=\"_ _2\"></span>mplessivo. 21. F<span class=\"_ _2\"></span>ondi<span class=\"_ _1\"></span> risc<span class=\"_ _2\"></span>hi <span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> one<span class=\"_ _1\"></span>ri I <span class=\"_ _6\"></span>fondi <span class=\"_ _3\"></span>rischi <span class=\"_ _6\"></span><span class=\"ls4\">ed</span> <span class=\"_ _6\"></span>oneri <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _6\"></span><span class=\"ls17\">in</span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _3\"></span>quando <span class=\"_ _6\"></span><span class=\"ls6\">il</span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _6\"></span><span class=\"ls7\">ha</span> <span class=\"_ _6\"></span><span class=\"ff24\">un\u2019obbligazione</span> <span class=\"_ _3\"></span>legale <span class=\"_ _6\"></span>o <span class=\"_ _14\"></span>implicita <span class=\"_ _3\"></span>quale risultato <span class=\"_ _5\"> </span>di <span class=\"_ _4\"> </span>un <span class=\"_ _5\"> </span>evento <span class=\"_ _4\"> </span>passato <span class=\"_ _5\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _4\"> </span>\u00e8 <span class=\"_ _5\"> </span>probabile <span class=\"_ _5\"> </span>che<span class=\"_ _2\"></span> <span class=\"_ _5\"> </span>sar\u00e0 <span class=\"_ _4\"> </span>richiesto <span class=\"_ _5\"> </span>di <span class=\"_ _4\"> </span>adempiere <span class=\"_ _5\"> </span>all\u2019obbligazione. <span class=\"_ _5\"> </span>Gli accantonament<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>sul<span class=\"ff24\">la <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>della <span class=\"_ _3\"></span>miglior <span class=\"_ _3\"></span>stima <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>richiesti <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>adempiere <span class=\"_ _6\"></span>all\u2019ob<span class=\"_ _2\"></span>bligazione </span>alla data di bilanci<span class=\"_ _2\"></span>o, e sono attual<span class=\"_ _2\"></span>izzati quando <span class=\"_ _2\"></span>l\u2019effetto \u00e8 signi<span class=\"_ _2\"></span>ficativo. 22. De<span class=\"_ _2\"></span>bit<span class=\"_ _1\"></span>i ed a<span class=\"_ _1\"></span>ltre<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>ssiv<span class=\"_ _1\"></span>it\u00e0 I <span class=\"_ _2\"></span>\u201cDebiti <span class=\"_ _1\"></span>e altre<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0\u201d <span class=\"_ _1\"></span>comprendono <span class=\"_ _1\"></span>i debiti <span class=\"_ _1\"></span>commerciali, <span class=\"_ _1\"></span>i deb<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ti<span class=\"ff21\"> finanz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ari <span class=\"_ _1\"></span>e i <span class=\"_ _1\"></span>debiti v<span class=\"_ _2\"></span>erso <span class=\"_ _2\"></span>banche <span class=\"_ _1\"></span>nonch\u00e9 </span>le altre passiv<span class=\"_ _2\"></span>it\u00e0. I <span class=\"_ _7\"></span>debiti <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>le <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>inizialmente <span class=\"_ _7\"></span>rilevati <span class=\"_ _7\"></span>al <span class=\"_ _8\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span></span>che <span class=\"_ _7\"></span>sostanzialmente <span class=\"_ _7\"></span>coincide <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>importi incassati <span class=\"_ _14\"></span>o <span class=\"_ _14\"></span>da <span class=\"_ _14\"></span>incassare <span class=\"_ _14\"></span>al <span class=\"_ _14\"></span>netto <span class=\"_ _14\"></span>dei <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>dell\u2019operazione. <span class=\"_ _14\"></span>Il <span class=\"_ _14\"></span>management <span class=\"_ _14\"></span>determin<span class=\"ff21\">a <span class=\"_ _6\"></span><span class=\"ls6\">la</span> <span class=\"_ _6\"></span>classificazione <span class=\"_ _3\"></span>delle </span>passivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>secondo <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>criteri <span class=\"_ _3\"></span>definiti <span class=\"_ _3\"></span><span class=\"ff24\">dall\u2019<span class=\"_ _3\"></span>IFRS</span> 9 <span class=\"_ _6\"></span><span class=\"ff24\">e <span class=\"_ _6\"></span>ri<span class=\"_ _3\"></span>presi <span class=\"_ _14\"></span>dall\u2019IFR<span class=\"_ _2\"></span>S <span class=\"_ _6\"></span>7 <span class=\"_ _14\"></span>al <span class=\"_ _14\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>loro <span class=\"_ _6\"></span>prima </span>iscrizione. Successivamente <span class=\"_ _16\"></span>all\u2019iscrizione <span class=\"_ _2\"></span>iniziale, <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>debiti <span class=\"_ _1\"></span>e l<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 sono <span class=\"_ _16\"></span>valutati <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>relazione <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>oro <span class=\"_ _1\"></span>clas<span class=\"_ _3\"></span><span class=\"ff21\">sificazione<span class=\"_ _2\"></span> </span>all\u2019interno di una delle cate<span class=\"_ _2\"></span>gorie, definite dall\u2019 IFR<span class=\"_ _2\"></span>S 9. In particolare, il <span class=\"ff21\">Grup<span class=\"_ _1\"></span>po <span class=\"_ _16\"></span><span class=\"ls7\">ha<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>classi<span class=\"_ _2\"></span>fic<span class=\"_ _1\"></span>ato <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>pro<span class=\"_ _2\"></span>pri<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>debiti<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>e </span></span></span>le<span class=\"ls0\"> <span class=\"_ _0\"></span>altre<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>pass<span class=\"_ _2\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _0\"></span>nella<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>cate<span class=\"_ _2\"></span>go<span class=\"_ _1\"></span>ria <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>cos<span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>amm<span class=\"_ _2\"></span>or<span class=\"_ _1\"></span>tizza<span class=\"_ _1\"></span>to, <span class=\"_ _1\"></span>ad <span class=\"_ _1\"></span>eccezione <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>strumenti <span class=\"_ _1\"></span>derivati <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span>si rinv<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>a </span>al paragrafo specifico, applicando un tasso che rende nulla la somma dei <span class=\"_ _3\"></span>valori attuali dei flussi di cassa netti generati <span class=\"_ _1\"></span>dallo s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>rumento <span class=\"_ _1\"></span>finanziario. <span class=\"_ _1\"></span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>di st<span class=\"_ _2\"></span>rumenti <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>scadenza <span class=\"_ _1\"></span>entro <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>dodici <span class=\"_ _2\"></span>mesi <span class=\"_ _1\"></span>\u00e8 adott<span class=\"_ _2\"></span>ato <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>valore nominale come app<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ossimazione del cos<span class=\"_ _2\"></span>to ammortizz<span class=\"_ _2\"></span>ato. Qualora <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>contratti <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>finanziamento <span class=\"_ _16\"></span>prevedano <span class=\"_ _16\"></span>dei <span class=\"_ _16\"></span><span class=\"ff26\">covenants <span class=\"_ _16\"></span><span class=\"ff21\">e <span class=\"_ _1\"></span><span class=\"ls4a\">si<span class=\"ls0\"> <span class=\"_ _1\"></span>verifichi <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>mancato <span class=\"_ _16\"></span>rispetto degli <span class=\"_ _1\"></span>stessi, <span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>tale </span></span></span></span></span></span></span></span>situazione <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>venga <span class=\"_ _1\"></span>sanata <span class=\"_ _1\"></span>prima d<span class=\"_ _2\"></span>ella <span class=\"_ _1\"></span>chiusura <span class=\"_ _1\"></span><span class=\"ff24\">dell\u2019esercizio,<span class=\"ff21\"> <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>quota <span class=\"_ _1\"></span>a lungo termine d<span class=\"_ _2\"></span>i tale finanziament<span class=\"_ _2\"></span>o </span></span></span></span>viene classific<span class=\"_ _2\"></span>ata come deb<span class=\"_ _2\"></span>ito corrente. I <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span>denominati <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>valuta <span class=\"_ _6\"></span>estera <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>allineat<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>esercizio <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>utili <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>derivanti dall\u2019adeguamento <span class=\"_ _2\"></span>sono imp<span class=\"_ _2\"></span>utati a conto econo<span class=\"_ _2\"></span>mico. 23. Pa<span class=\"_ _2\"></span>ssi<span class=\"_ _2\"></span>vit<span class=\"_ _2\"></span>\u00e0 p<span class=\"_ _2\"></span>er c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>tti d<span class=\"_ _2\"></span>i l<span class=\"_ _2\"></span>oc<span class=\"_ _2\"></span>azi<span class=\"_ _2\"></span>one Rappresentano <span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>attuale <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>pagamenti <span class=\"_ _3\"></span>dovuti per<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls6\">il</span> <span class=\"_ _3\"></span>leasing (aventi <span class=\"_ _6\"></span>dura<span class=\"_ _2\"></span>ta <span class=\"_ _3\"></span>superiore <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>dodici <span class=\"_ _3\"></span>mesi <span class=\"_ _6\"></span>ed<span class=\"_ _2\"></span> un importo non d<span class=\"_ _2\"></span>i modesto valo<span class=\"_ _2\"></span>re), valutati a<span class=\"_ _2\"></span>lla data di deco<span class=\"_ _2\"></span>rrenza del con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ratto e non anc<span class=\"_ _2\"></span>ora versati al<span class=\"_ _2\"></span>la data di bilancio. 24. St<span class=\"_ _1\"></span>rument<span class=\"_ _1\"></span>i fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iari d<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>iv<span class=\"_ _2\"></span>ati I <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>classifica<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>categoria <span class=\"_ _3\"></span>\u201cDerivati <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>copertura\u201d <span class=\"_ _3\"></span>se <span class=\"_ _6\"></span>soddisfano <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>requisiti <span class=\"_ _6\"></span>per<span class=\"ff21\"> <span class=\"_ _3\"></span></span>l\u2019applicazione<span class=\"ff21\"> </span>del c.<span class=\"_ _2\"></span>d. <span class=\"ff26\">hed<span class=\"_ _1\"></span>ge accounting<span class=\"ff21\">, <span class=\"_ _1\"></span>altrimenti, <span class=\"_ _2\"></span>pur <span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>sendo <span class=\"_ _2\"></span>effett<span class=\"_ _2\"></span>uati con <span class=\"_ _1\"></span>intento <span class=\"_ _2\"></span><span class=\"ff24\">di gestione dell\u2019e<span class=\"_ _2\"></span>sposizione al rischio, </span></span></span>sono rilevati co<span class=\"_ _2\"></span>me \u201cDerivati non d<span class=\"_ _2\"></span>i copertura\u201d.<span class=\"ff21\"> </span>Coerentemente <span class=\"_ _15\"> </span>con <span class=\"_ _12\"> </span>quanto <span class=\"_ _15\"> </span>consentito <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>all\u2019IFRS <span class=\"_ _15\"> </span>9, <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _15\"> </span>si<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _12\"> </span>avvalso <span class=\"_ _12\"> </span>dell\u2019opzione <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>continuare <span class=\"_ _15\"> </span>ad applicare le <span class=\"_ _3\"></span>modalit\u00e0 ed <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>requisiti stabiliti <span class=\"_ _3\"></span>per l<span class=\"_ _3\"></span>\u2019<span class=\"ff26\">hedge accounting <span class=\"_ _3\"></span><span class=\"ff21\">dallo <span class=\"_ _3\"></span>IAS 39, <span class=\"_ _3\"></span>antecedentemente in <span class=\"_ _3\"></span>vigore, </span></span>e <span class=\"_\"> </span>cos\u00ec <span class=\"_\"> </span>definire <span class=\"_\"> </span>la <span class=\"_\"> </span>relazione <span class=\"_\"> </span>di <span class=\"_\"> </span>efficacia <span class=\"_\"> </span>della <span class=\"_\"> </span>copertura <span class=\"_\"> </span>relativa <span class=\"_\"> </span>allo <span class=\"_\"> </span>strumento <span class=\"_\"> </span>finanziario <span class=\"_\"> </span>derivato. <span class=\"_\"> </span>In particolare, <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>finanziari <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>contabi<span class=\"_ _2\"></span>lizzati <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>moda<span class=\"_ _2\"></span>lit\u00e0 <span class=\"_ _6\"></span>adottate <span class=\"_ _14\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>l\u2019<span class=\"_ _6\"></span><span class=\"ff26\">hedge<span class=\"_ _1\"></span> </span>accounting<span class=\"ff21\">, <span class=\"_ _14\"></span>solo <span class=\"_ _7\"></span>quando <span class=\"_ _14\"></span>la <span class=\"_ _6\"></span>relazione<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span><span class=\"ls17\">il</span> <span class=\"_ _3\"></span>derivato e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ff24\">l\u2019oggetto</span> della <span class=\"_ _3\"></span>copertura \u00e8 <span class=\"_ _3\"></span>formalmente <span class=\"_ _3\"></span>documentata e </span>l\u2019efficacia de<span class=\"_ _2\"></span>lla copertura \u00e8<span class=\"_ _2\"></span> elevata (c.d. tes<span class=\"_ _2\"></span>t di efficaci<span class=\"_ _2\"></span>a).<span class=\"ff21\"> </span>L\u2019efficacia delle operazioni di <span class=\"_ _3\"></span>copertura \u00e8 <span class=\"_ _3\"></span>documentata sia <span class=\"_ _3\"></span>all\u2019inizio dell\u2019operazione sia <span class=\"_ _3\"></span>periodicamen<span class=\"_ _2\"></span>te, <span class=\"_ _3\"></span>con cadenza trimestrale o almeno ad ogni<span class=\"_ _3\"></span> data di <span class=\"_ _3\"></span>riferimento del bilancio, ed<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _1\"></span>misurata co<span class=\"_ _2\"></span>mparando <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>variazioni </span></span>di <span class=\"_ _3\"></span><span class=\"ff26\">fair <span class=\"_ _3\"></span>value </span>dello strumento <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>copertura <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>quelle <span class=\"_ _6\"></span><span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019e<span class=\"_ _2\"></span>lem<span class=\"_ _1\"></span>ento<span class=\"ff21\"> cop<span class=\"_ _1\"></span>erto<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>(<span class=\"ff26\">dol<span class=\"_ _1\"></span>lar offse<span class=\"_ _1\"></span>t <span class=\"_ _3\"></span>metho<span class=\"_ _1\"></span>d<span class=\"ff21\">) <span class=\"_ _3\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls4e\">il</span> <span class=\"_ _3\"></span>test<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls1\">di</span> </span></span></span></span>eff<span class=\"_ _2\"></span>ica<span class=\"_ _1\"></span>cia re<span class=\"_ _1\"></span>trosp<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>o;<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls17\">la</span> me<span class=\"_ _2\"></span>tod<span class=\"_ _1\"></span>ologi<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>applicata <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls6\">lo</span> <span class=\"_ _3\"></span>svolgimento <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>test <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>efficacia <span class=\"_ _3\"></span>prospettico <span class=\"_ _3\"></span>prevede <span class=\"_ _3\"></span><span class=\"ls17\">la</span> costruzione <span class=\"_ _12\"> </span>dei <span class=\"_ _11\"> </span><span class=\"ff26\">cash <span class=\"_\"> </span>flow<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ff21\">sc<span class=\"_ _3\"></span>ontati <span class=\"_ _7\"></span>aggregata <span class=\"_ _8\"></span>per <span class=\"_ _7\"></span>anno <span class=\"_ _8\"></span>dello <span class=\"_ _8\"></span>strumento <span class=\"_ _7\"></span>coperto <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>del <span class=\"_ _8\"></span>derivato <span class=\"_ _7\"></span>designato <span class=\"_ _8\"></span>a </span></span>copertura (metodo<span class=\"_ _2\"></span> della regression<span class=\"_ _2\"></span>e). Quando <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>derivati <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>copertura <span class=\"_ _0\"></span>coprono <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>rischio <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>variazione <span class=\"_ _0\"></span>del <span class=\"_ _16\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _16\"></span><span class=\"ff21\">degli <span class=\"_ _16\"></span>strumenti <span class=\"_ _16\"></span>oggetto <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>copertura </span></span></span></span>(<span class=\"ff26\">fair value h<span class=\"_ _1\"></span>edge<span class=\"ff21 ls5\">),<span class=\"ls0\"> i der<span class=\"_ _2\"></span>ivati sono <span class=\"_ _1\"></span>rilevati <span class=\"ls4\">al</span> <span class=\"ff26\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff21\">con impu<span class=\"_ _2\"></span>tazione degli ef<span class=\"_ _2\"></span>fetti a conto econo<span class=\"_ _2\"></span>mico. </span></span></span></span></span>Quando i derivati <span class=\"_ _3\"></span>coprono i rischi di <span class=\"_ _3\"></span>variazione dei flussi <span class=\"_ _3\"></span>di cassa <span class=\"_ _3\"></span>degli strumenti oggetto <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span>copertura <span class=\"_ _14\"></span>(cash flow hedge<span class=\"ff21 ls5\">),<span class=\"ls0\"> <span class=\"ls6\">la</span> <span class=\"_ _3\"></span>parte efficace <span class=\"_ _3\"></span>delle variazioni del </span></span>f<span class=\"_ _3\"></span>air value <span class=\"ff21\">dei <span class=\"_ _3\"></span>derivati <span class=\"_ _1\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>rilevata <span class=\"_ _14\"></span><span class=\"ls6\">tra</span> <span class=\"_ _14\"></span><span class=\"ls6\">le</span> <span class=\"_ _14\"></span>componenti <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>conto </span>economico <span class=\"_\"> </span>complessivo <span class=\"_\"> </span>e <span class=\"_\"> </span>presentata <span class=\"_\"> </span>nella <span class=\"_\"> </span>riserva <span class=\"_ _6\"></span>di <span class=\"_\"> </span>copertur<span class=\"_ _2\"></span>a <span class=\"_\"> </span>dei <span class=\"_ _12\"> </span>f<span class=\"_ _3\"></span>lussi <span class=\"_ _11\"> </span>finanziari. <span class=\"_\"> </span><span class=\"ls9\">La</span> <span class=\"_ _11\"> </span>parte <span class=\"_\"> </span>inef<span class=\"_ _2\"></span>ficace delle <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span></span>dell<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>strumento <span class=\"_ _16\"></span>finanziario <span class=\"_ _1\"></span>derivato <span class=\"_ _16\"></span>viene <span class=\"_ _1\"></span>rilevata <span class=\"_ _1\"></span>immediatamente <span class=\"_ _16\"></span>nel <span class=\"_ _1\"></span>risultato d\u2019esercizio. <span class=\"_ _16\"></span>Qualora <span class=\"_ _16\"></span>lo <span class=\"_ _1\"></span><span class=\"ff21\">strumento <span class=\"_ _1\"></span>derivato <span class=\"_ _16\"></span>sia <span class=\"_ _1\"></span>ceduto <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>qualifichi <span class=\"_ _16\"></span>pi\u00f9 <span class=\"_ _1\"></span>come <span class=\"_ _16\"></span>efficace <span class=\"_ _1\"></span>copertura <span class=\"_ _14\"></span>dal <span class=\"_ _1\"></span>rischio </span>a <span class=\"_ _12\"> </span>fronte <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>quale <span class=\"_ _12\"> </span>l\u2019operazione <span class=\"_ _12\"> </span>era <span class=\"_ _15\"> </span>st<span class=\"_ _3\"></span>ata <span class=\"_ _12\"> </span>accesa, <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>verificarsi <span class=\"_ _12\"> </span>della <span class=\"_ _12\"> </span>operazione <span class=\"_ _15\"> </span>sottostante <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>sia <span class=\"_ _12\"> </span>pi\u00f9 considerata <span class=\"_ _3\"></span>altamente <span class=\"_ _6\"></span>probabile, <span class=\"_ _6\"></span>la <span class=\"_ _3\"></span>quota <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>riserva <span class=\"_ _3\"></span>da <span class=\"_ _14\"></span><span class=\"ff26\">cash <span class=\"_ _6\"></span>flow <span class=\"_ _6\"></span>hedge <span class=\"_ _6\"></span></span>a <span class=\"_ _6\"></span>esso <span class=\"_ _3\"></span>relativa <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>immediatamente riversata a conto <span class=\"_ _2\"></span>economic<span class=\"_ _2\"></span>o. Indipendentemente <span class=\"_ _14\"></span>dal <span class=\"_ _14\"></span>tipo <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>classificazione <span class=\"_ _14\"></span>gli <span class=\"_ _14\"></span>strumenti <span class=\"_ _14\"></span>derivati <span class=\"_ _14\"></span>sono <span class=\"_ _7\"></span>valutati <span class=\"_ _14\"></span>al <span class=\"_ _8\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value</span>, <span class=\"_ _14\"></span>determinato<span class=\"_ _1\"></span> mediante <span class=\"_ _15\"></span>tecniche <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>valutazione <span class=\"_ _15\"> </span>basate <span class=\"_ _15\"> </span>su <span class=\"_ _15\"> </span>dati <span class=\"_ _15\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>mercato, <span class=\"_ _15\"> </span>quali, <span class=\"_ _15\"> </span>fra <span class=\"_ _15\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>altre, <span class=\"_ _7\"></span><span class=\"ls6\">il</span> <span class=\"_ _14\"></span><span class=\"ff26\">discounted <span class=\"_ _14\"></span>cash <span class=\"_ _14\"></span>flow</span>, <span class=\"_ _14\"></span><span class=\"ls17\">la</span> metodologia <span class=\"_ _16\"></span>dei <span class=\"_ _1\"></span>tassi <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>cambio <span class=\"_ _16\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>orward<span class=\"ff21\">, <span class=\"_ _16\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _16\"></span>formula <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>Black- Scholes e sue ev<span class=\"_ _2\"></span>oluzioni). </span></span></span></span></span></span></span></span>In<span class=\"ls0\"> <span class=\"_ _14\"></span>par<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>ola<span class=\"_ _2\"></span>re,<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>tale <span class=\"_ _6\"></span>val<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>de<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>min<span class=\"_ _1\"></span>ato <span class=\"_ _6\"></span>avva<span class=\"_ _2\"></span>len<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span> <span class=\"_ _14\"></span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span>appo<span class=\"_ _2\"></span>sit<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>stru<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _14\"></span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span><span class=\"ff26\">pric<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g <span class=\"_ _6\"></span><span class=\"ff21\">alime<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>ati <span class=\"_ _14\"></span>sulla <span class=\"_ _14\"></span>base <span class=\"_ _14\"></span>dei </span></span></span>parametri <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>mercato <span class=\"_ _3\"></span>(i.e. <span class=\"_ _6\"></span>tassi <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>interesse, <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>cambio <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>volatilit\u00e0), <span class=\"_ _3\"></span>rilevati <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>singole <span class=\"_ _6\"></span>date <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>e confrontati con quan<span class=\"_ _2\"></span>to comunicato d<span class=\"_ _2\"></span>alle contropart<span class=\"_ _2\"></span>i. 25. U<span class=\"_ _1\"></span>tili<span class=\"_ _2\"></span>zzo<span class=\"_ _2\"></span> di<span class=\"_ _1\"></span> stim<span class=\"_ _2\"></span>e La<span class=\"ls0\"> <span class=\"_ _6\"></span>redazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>bilancio <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>relative <span class=\"_ _6\"></span>note <span class=\"_ _6\"></span>esplicative <span class=\"_ _3\"></span><span class=\"ls17\">in<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>applicazione <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>IFRS <span class=\"_ _3\"></span>richiede <span class=\"_ _8\"></span>da <span class=\"_ _14\"></span>parte <span class=\"_ _6\"></span>della </span>Societ\u00e0 <span class=\"ls6\">il</span> ricorso a stime e assunzioni che hanno effetto sui valori delle attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>delle <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>bilancio <span class=\"_ _14\"></span>e sull\u2019informativa <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>elativa <span class=\"_ _16\"></span>ad <span class=\"_ _16\"></span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _16\"></span>potenziali <span class=\"_ _16\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _16\"></span>di <span class=\"ff21\">bil<span class=\"_ _2\"></span>ancio. <span class=\"_ _16\"></span>Le <span class=\"_ _1\"></span>stime <span class=\"_ _1\"></span>e <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span>assunzioni <span class=\"_ _1\"></span>utilizzate<span class=\"_ _2\"></span> </span>sono basate sull\u2019esperienza e su <span class=\"_ _3\"></span>altri fattori considerati rilevanti. I risultati che si<span class=\"_ _3\"></span> consuntiveranno potrebbero<span class=\"_ _1\"></span> pertanto <span class=\"_ _1\"></span>differire <span class=\"_ _2\"></span>da <span class=\"_ _1\"></span>tali <span class=\"_ _1\"></span>stime. Le <span class=\"_ _16\"></span>stime <span class=\"_ _2\"></span>riguardano <span class=\"_ _1\"></span>principalmente <span class=\"_ _1\"></span>gli <span class=\"_ _2\"></span>accanton<span class=\"_ _2\"></span>amenti <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>risc<span class=\"_ _3\"></span>hi <span class=\"_ _1\"></span>su c<span class=\"_ _2\"></span>rediti, <span class=\"_ _1\"></span>per obsolescenza <span class=\"_ _f\"> </span>magazzino, <span class=\"_ _10\"> </span>per <span class=\"_ _f\"> </span>r<span class=\"_ _3\"></span>ese <span class=\"_ _f\"> </span>editoriali, <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>valutazione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>partecipazioni, <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>ammortamenti,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span><span class=\"ls6\">le</span> svalutazioni <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>attivo, <span class=\"_ _16\"></span>imposte, fond<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>rischi <span class=\"_ _1\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _1\"></span>oneri <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 po<span class=\"_ _1\"></span>tenziali. Le <span class=\"_ _2\"></span>stime<span class=\"_ _2\"></span> e <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e as<span class=\"_ _2\"></span>sunzioni <span class=\"_ _1\"></span>sono riviste </span></span></span></span>periodicamente <span class=\"_ _2\"></span>e gli e<span class=\"_ _1\"></span>f<span class=\"_ _3\"></span>fetti <span class=\"_ _2\"></span>di ogni <span class=\"_ _2\"></span>variazione <span class=\"_ _2\"></span>ad esse <span class=\"_ _2\"></span>apportata <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>riflessi <span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>conto econo<span class=\"_ _2\"></span>mico ne<span class=\"_ _2\"></span>l p<span class=\"_ _1\"></span>eriodo <span class=\"ls6\">in</span> cui <span class=\"_ _15\"> </span>avviene <span class=\"_ _15\"> </span><span class=\"ls17\">la</span> <span class=\"_ _15\"> </span>revisione <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>stima <span class=\"_ _15\"> </span>se <span class=\"_ _12\"> </span>la <span class=\"_ _7\"></span>revisione <span class=\"_ _14\"></span>stessa <span class=\"_ _14\"></span>ha <span class=\"_ _14\"></span>effetti <span class=\"_ _14\"></span>solo <span class=\"_ _14\"></span><span class=\"ls34\">su</span> <span class=\"_ _7\"></span>tale <span class=\"_ _14\"></span>periodo, <span class=\"_ _14\"></span>o <span class=\"_ _14\"></span>anche <span class=\"_ _14\"></span>nei <span class=\"_ _7\"></span>periodi successivi <span class=\"_ _16\"></span><span class=\"ls34\">se<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ls17\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>revisione ha effetti sia<span class=\"_ _2\"></span> <span class=\"ff24\">sull\u2019esercizio cor<span class=\"_ _2\"></span>rente, sia su que<span class=\"_ _2\"></span>lli futuri.<span class=\"ff21\"> </span></span></span></span></span></span>Come <span class=\"_\"> </span>richi<span class=\"_ _2\"></span>esto <span class=\"_\"> </span>d<span class=\"_ _2\"></span>alle <span class=\"_\"> </span>l<span class=\"_ _2\"></span>inee <span class=\"_\"> </span>gu<span class=\"_ _2\"></span>ida <span class=\"_\"> </span>e <span class=\"_ _11\"> </span>dagli <span class=\"_\"> </span>orien<span class=\"_ _2\"></span>tamenti <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>esenti <span class=\"_\"> </span>ne<span class=\"_ _2\"></span>i <span class=\"_\"> </span>docu<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>enti <span class=\"_\"> </span>pubb<span class=\"_ _2\"></span>licati <span class=\"_ _6\"></span>da <span class=\"_ _14\"></span>CONSOB <span class=\"_ _6\"></span>e ESMA, alla <span class=\"_ _1\"></span>luce della s<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>tuazione <span class=\"_ _2\"></span>di inc<span class=\"_ _2\"></span>ertezza <span class=\"_ _1\"></span>cons<span class=\"_ _3\"></span>eguente i<span class=\"_ _2\"></span>l conflitto <span class=\"_ _1\"></span>in Ucraina, <span class=\"_ _2\"></span>si ricorda <span class=\"_ _1\"></span>che le sti<span class=\"_ _2\"></span>me al 31<span class=\"_ _1\"></span> dicembre <span class=\"_ _14\"></span>2022 <span class=\"_ _7\"></span>(cos\u00ec <span class=\"_ _14\"></span>come <span class=\"_ _14\"></span>quelle <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>2021) <span class=\"_ _7\"></span>sono <span class=\"_ _14\"></span>state <span class=\"_ _14\"></span>effettuate <span class=\"_ _14\"></span>basandosi <span class=\"_ _14\"></span>su <span class=\"_ _7\"></span>assunzioni <span class=\"_ _14\"></span>relative <span class=\"_ _14\"></span>al <span class=\"_ _7\"></span>futuro<span class=\"_ _2\"></span> caratterizzate <span class=\"_ _1\"></span>da un <span class=\"_ _1\"></span>rilevante <span class=\"_ _2\"></span>grado d<span class=\"_ _2\"></span>i in<span class=\"_ _2\"></span>certezza <span class=\"_ _2\"></span>(come<span class=\"_ _2\"></span> anche <span class=\"_ _1\"></span>commentato <span class=\"_ _1\"></span>alla Nota <span class=\"_ _1\"></span>18 \u201cAttivit\u00e0 <span class=\"_ _1\"></span>immateriali\u201d della <span class=\"_ _6\"></span>presente <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>finanziaria <span class=\"_ _6\"></span>annuale <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>rimanda). <span class=\"_ _6\"></span>Pertanto, <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>pu\u00f2 <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>cludere <span class=\"_ _6\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>nei prossimi esercizi, <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> conc<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>etizzarsi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>risultati <span class=\"_ _2\"></span>diversi <span class=\"_ _16\"></span>ri<span class=\"_ _3\"></span>spetto <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>stime <span class=\"_ _1\"></span>effettuate <span class=\"_ _2\"></span>per il bilancio a<span class=\"_ _2\"></span>l 31 dicembre 2022, si </span></span>possano rende<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>e neces<span class=\"_ _2\"></span>sarie retti<span class=\"_ _2\"></span>fiche anche <span class=\"_ _1\"></span>significative ai v<span class=\"_ _2\"></span>alori <span class=\"_ _2\"></span>di bilanc<span class=\"_ _2\"></span>io ogget<span class=\"_ _2\"></span>to di <span class=\"_ _2\"></span>valutazione, <span class=\"_ _1\"></span>tr<span class=\"_ _3\"></span>a i <span class=\"_ _2\"></span>quali<span class=\"_ _2\"></span> si evidenz<span class=\"_ _2\"></span>iano gl<span class=\"_ _2\"></span>i avvi<span class=\"_ _2\"></span>amenti, <span class=\"_ _2\"></span>le altr<span class=\"_ _2\"></span>e attiv<span class=\"_ _2\"></span>it\u00e0 im<span class=\"_ _2\"></span>materiali <span class=\"_ _2\"></span>a vit<span class=\"_ _2\"></span>a utile <span class=\"_ _1\"></span>indefinita, non<span class=\"_ _2\"></span>ch\u00e9 le <span class=\"_ _1\"></span>imposte anticipa<span class=\"_ _2\"></span>te e la stima sulla rec<span class=\"_ _2\"></span>uperabilit\u00e0 dei cred<span class=\"_ _2\"></span>iti. A <span class=\"_ _15\"> </span>t<span class=\"_ _3\"></span>ale <span class=\"_ _12\"> </span>riguar<span class=\"ff24\">do, <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>riferimento <span class=\"_ _15\"> </span>all\u2019avviamento <span class=\"_ _15\"> </span>e <span class=\"_ _12\"> </span>ai <span class=\"_ _12\"> </span>marchi<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span><span class=\"ls4\">e <span class=\"_ _12\"> </span></span>testate <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>state <span class=\"_ _15\"> </span>svolte <span class=\"_ _12\"> </span>alcune <span class=\"_ _12\"> </span>analisi <span class=\"_ _12\"> </span>di sensitivit\u00e0 ripor<span class=\"_ _2\"></span>tate nella N<span class=\"_ _2\"></span>ota 18 \u201cAttivit\u00e0 i<span class=\"_ _2\"></span>mmateriali\u201d. Descrizione d<span class=\"_ _2\"></span>egli imp<span class=\"_ _2\"></span>atti a <span class=\"_ _1\"></span>se<span class=\"_ _3\"></span>guito d<span class=\"_ _2\"></span>el conflitt<span class=\"_ _2\"></span>o in Uc<span class=\"_ _1\"></span>raina (Documento ES<span class=\"_ _2\"></span>MA n. <span class=\"_ _1\"></span>32<span class=\"_ _3\"></span>-63-1277 <span class=\"_ _2\"></span>del 13/05<span class=\"_ _2\"></span>/2022 ripreso da <span class=\"_ _3\"></span>CONSOB<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>con richiamo di <span class=\"_ _3\"></span>attenzione n.3/22 del <span class=\"_ _3\"></span>19/05/2022 e successivo richiamo <span class=\"_ _3\"></span>dell\u2019ESMA nel Public <span class=\"_ _2\"></span>Statement <span class=\"_ _1\"></span>\u201c<span class=\"ff26\">European <span class=\"_ _1\"></span>common enfo<span class=\"_ _2\"></span>rcement <span class=\"_ _2\"></span>priorities <span class=\"_ _1\"></span>for 2<span class=\"_ _2\"></span>022 an<span class=\"_ _1\"></span>nual fina<span class=\"_ _2\"></span>ncial r<span class=\"_ _1\"></span>eports<span class=\"_ _3\"></span><span class=\"ff24\">\u201d de<span class=\"_ _2\"></span>l 28 <span class=\"_ _16\"></span>ottobre </span></span>2022) A <span class=\"_ _14\"></span>partire <span class=\"_ _7\"></span>da <span class=\"_ _14\"></span>fine <span class=\"_ _14\"></span>febbraio <span class=\"_ _14\"></span>2022 <span class=\"_ _7\"></span>il <span class=\"_ _14\"></span>conflitto <span class=\"_ _14\"></span>scoppiato <span class=\"_ _14\"></span>in <span class=\"_ _7\"></span>Ucrai<span class=\"_ _3\"></span>na <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _14\"></span>sue <span class=\"_ _14\"></span>conseguenze, <span class=\"_ _14\"></span>anche <span class=\"_ _14\"></span>in <span class=\"_ _7\"></span>termini <span class=\"_ _14\"></span>di sanzioni <span class=\"_ _3\"></span>economiche <span class=\"_ _3\"></span>applicate alla <span class=\"_ _3\"></span>Russia <span class=\"_ _6\"></span>e <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>impatti <span class=\"_ _3\"></span>sull\u2019economia <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>scambi, <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>particolare <span class=\"_ _3\"></span>sulle <span class=\"_ _3\"></span>filiere energetiche, <span class=\"_ _3\"></span>produttive <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>logistiche, <span class=\"_ _3\"></span>stanno <span class=\"_ _6\"></span>deter<span class=\"_ _2\"></span>minando <span class=\"_ _3\"></span>una <span class=\"_ _6\"></span>situazione <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>genera<span class=\"_ _2\"></span>le <span class=\"_ _6\"></span>significa<span class=\"_ _2\"></span>tiva <span class=\"_ _14\"></span>incertezza.<span class=\"_ _2\"></span> Il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>non <span class=\"_ _14\"></span>presenta <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>diretta <span class=\"_ _6\"></span>e/o <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _14\"></span>commer<span class=\"_ _2\"></span>ciali <span class=\"_ _6\"></span>nei <span class=\"_ _14\"></span>confr<span class=\"_ _1\"></span>ont<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>mercati <span class=\"_ _14\"></span>colpit<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>dal conflitto <span class=\"_ _16\"></span>e/<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>soggetti <span class=\"_ _1\"></span>sanzionati. <span class=\"_ _1\"></span>L\u2019attual<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>situazione <span class=\"_ _16\"></span>ha <span class=\"_ _2\"></span>accentuato <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span>spinte <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>nflativ<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>dinamica <span class=\"_ _1\"></span>crescente dei <span class=\"_ _10\"> </span>costi <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>diversi <span class=\"_ _10\"> </span>fattori <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>produzione <span class=\"_ _10\"> </span>gi\u00e0 <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>corso <span class=\"_ _10\"> </span>dal <span class=\"_ _10\"> </span>2021 <span class=\"_ _10\"> </span>ed <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>alcuni <span class=\"_ _10\"> </span>casi <span class=\"_ _10\"> </span>anche <span class=\"_ _10\"> </span>difficolt\u00e0 <span class=\"_ _10\"> </span>di approvvigioname<span class=\"_ _2\"></span>nto <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>quindi <span class=\"_ _15\"> </span>nei<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>processi <span class=\"_ _15\"> </span>produttivi <span class=\"_ _15\"> </span>per <span class=\"_ _12\"> </span>di<span class=\"_ _3\"></span>versi <span class=\"_ _15\"> </span>settori. <span class=\"_ _12\"> </span>Con <span class=\"_ _12\"> </span>riferimento <span class=\"_ _12\"> </span>al <span class=\"_ _15\"> </span>Gruppo, <span class=\"_ _12\"> </span>tale contesto <span class=\"_ _11\"> </span>economico <span class=\"_ _12\"> </span>ha <span class=\"_ _11\"> </span>riflessi <span class=\"_ _12\"> </span>sui <span class=\"_ _11\"> </span>costi <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>produzione, <span class=\"_ _12\"> </span>in <span class=\"_ _11\"> </span>partic<span class=\"_ _3\"></span>olare <span class=\"_ _11\"> </span>per <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>carta, <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>pu\u00f2 <span class=\"_ _11\"> </span>influire <span class=\"_ _11\"> </span>anche sull\u2019andamento <span class=\"_ _1\"></span>del merca<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>pubblicitario, <span class=\"_ _1\"></span>potendo inci<span class=\"_ _2\"></span>dere su<span class=\"_ _2\"></span>lla pro<span class=\"_ _1\"></span>pensione alla <span class=\"_ _1\"></span>spesa degl<span class=\"_ _2\"></span>i in<span class=\"_ _2\"></span>serzionisti. <span class=\"_ _1\"></span>Lo sviluppo <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>situazione <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>suoi<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>potenziali <span class=\"_ _7\"></span>effetti <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>evoluzione <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>gestione, <span class=\"_ _14\"></span>che <span class=\"_ _8\"></span>saranno <span class=\"_ _7\"></span>ogge<span class=\"_ _3\"></span>tto <span class=\"_ _7\"></span>di costante monitoragg<span class=\"ff24\">io <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>prosieguo dell\u2019esercizio, <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>ancora prevedibili <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>quanto </span>dipendono, <span class=\"_ _16\"></span>tr<span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>l\u2019altro <span class=\"_ _16\"></span>dall\u2019evoluzione <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>durata <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>conflitto <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>Ucra<span class=\"_ _2\"></span>ina, <span class=\"_ _1\"></span>dalle <span class=\"_ _1\"></span>sanzioni <span class=\"_ _1\"></span>economiche <span class=\"_ _16\"></span>nei <span class=\"_ _1\"></span>confronti della Russia e <span class=\"_ _3\"></span>dei suoi effetti geopolitici e dall\u2019eff<span class=\"ff21\">icacia delle mi<span class=\"_ _3\"></span>sure pubbliche, anche economiche, che sono </span>state e saranno i<span class=\"_ _2\"></span>mplementate. Di <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>riepilogati <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>processi <span class=\"_ _6\"></span>critici <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>le <span class=\"_ _6\"></span>assunzioni <span class=\"_ _3\"></span>chiave <span class=\"_ _6\"></span>ut<span class=\"_ _3\"></span>ilizzate <span class=\"_ _6\"></span>dal <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>anagement nel <span class=\"_ _6\"></span>processo di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>applica<span class=\"_ _2\"></span>zione <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>principi <span class=\"_ _3\"></span>contabili <span class=\"_ _3\"></span>riguardo <span class=\"_ _6\"></span><span class=\"ls3\">al</span> <span class=\"_ _6\"></span>futuro <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>posson<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>avere <span class=\"_ _6\"></span>effetti <span class=\"_ _3\"></span>significativi sui <span class=\"_ _14\"></span>valori <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>ilevati <span class=\"_ _14\"></span>nel <span class=\"_ _6\"></span>bilancio <span class=\"_ _14\"></span>consolidato <span class=\"_ _6\"></span>o <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>le <span class=\"_ _14\"></span>quali <span class=\"_ _14\"></span>esiste <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>ri<span class=\"_ _3\"></span>schio <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>possano <span class=\"_ _14\"></span>emerg<span class=\"_ _3\"></span>ere <span class=\"_ _14\"></span>rettifiche <span class=\"_ _14\"></span>di valore <span class=\"_ _1\"></span>significative <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _2\"></span>nell\u2019eserciz<span class=\"_ _2\"></span>io <span class=\"_ _1\"></span>successivo <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quello <span class=\"_ _1\"></span>di r<span class=\"_ _2\"></span>iferimento<span class=\"_ _2\"></span> del bilancio. De<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>mina<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> del<span class=\"_ _2\"></span> val<span class=\"_ _1\"></span>ore re<span class=\"_ _2\"></span>cu<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>le atti<span class=\"_ _2\"></span>vit<span class=\"_ _1\"></span>\u00e0 non <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>rrent<span class=\"_ _2\"></span>i Il <span class=\"_ _7\"></span>Grupp<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>rived<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>per<span class=\"_ _2\"></span>iod<span class=\"_ _1\"></span>icame<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls17\">il</span> <span class=\"_ _7\"></span>valo<span class=\"_ _1\"></span>re <span class=\"_ _7\"></span>conta<span class=\"_ _1\"></span>bile <span class=\"_ _14\"></span>delle<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>atti<span class=\"_ _2\"></span>vi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _7\"></span>imma<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>rial<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>anc<span class=\"_ _2\"></span>he <span class=\"_ _14\"></span><span class=\"ls17\">in</span> <span class=\"_ _8\"></span>ass<span class=\"_ _2\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _15\"> </span>di <span class=\"_ _7\"></span>segnali <span class=\"_ _7\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> impairment, <span class=\"_ _15\"></span>per <span class=\"_ _15\"></span>accertare <span class=\"_ _8\"></span>che <span class=\"_ _15\"> </span>siano <span class=\"_ _12\"> </span>iscritte <span class=\"_ _15\"></span><span class=\"ls4\">ad</span> <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>superiore <span class=\"_ _15\"></span>a <span class=\"_ _15\"> </span>quello <span class=\"_ _11\"> </span>recuperabile. <span class=\"_ _7\"></span>Quando <span class=\"_ _8\"></span><span class=\"ls4a\">si</span> evidenziano <span class=\"_ _6\"></span>indicatori <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span>svalutaz<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>inoltre <span class=\"_ _6\"></span>tempestivamente <span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>ivisti <span class=\"_ _8\"></span>i <span class=\"_ _8\"></span>valori <span class=\"_ _8\"></span>di <span class=\"_ _15\"> </span>carico <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>immobili <span class=\"_ _8\"></span>e impianti. Pi\u00f9 <span class=\"_ _2\"></span>precisa<span class=\"_ _2\"></span>mente gli a<span class=\"_ _1\"></span>vviamenti relativi <span class=\"_ _2\"></span>alle <span class=\"ff26\">cash genera<span class=\"_ _2\"></span>ting uni<span class=\"_ _2\"></span>t <span class=\"ff21\">e le <span class=\"_ _2\"></span>attivit\u00e0 i<span class=\"_ _2\"></span>mmateriali a <span class=\"_ _2\"></span>vita <span class=\"_ _2\"></span>utile </span></span>indefinita vengono v<span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>utati con ca<span class=\"_ _2\"></span>denza almeno an<span class=\"_ _2\"></span>nuale anche in<span class=\"_ _2\"></span> assenza di <span class=\"_ _2\"></span>indicatori di <span class=\"ff26\">impairment. </span>Il <span class=\"_ _15\"> </span>valore <span class=\"_ _12\"> </span>recuperabi<span class=\"_ _2\"></span>le <span class=\"_ _15\"> </span>degli <span class=\"_ _12\"> </span>avviamenti <span class=\"_ _15\"> </span>definito <span class=\"_ _15\"> </span>da <span class=\"_ _15\"> </span>ciascun <span class=\"_ _12\"> </span><span class=\"ff26\">impairment <span class=\"_ _15\"></span>test <span class=\"_ _15\"> </span></span>\u00e8 <span class=\"_ _12\"> </span>sensibile <span class=\"_ _15\"> </span>a <span class=\"_ _12\"> </span>variazioni <span class=\"_ _15\"></span>delle assunzioni <span class=\"_ _15\"> </span>utilizzate <span class=\"_ _15\"> </span>quali <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>tasso <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>crescita <span class=\"_ _12\"> </span>dei <span class=\"_ _15\"> </span>ricavi, <span class=\"_ _12\"> </span>le <span class=\"_ _12\"> </span>variazioni <span class=\"_ _15\"> </span>dell\u2019EBITDA<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>previste, <span class=\"_ _15\"> </span>i<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>parametri valutativi, <span class=\"_ _15\"></span>riferiti <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>tasso <span class=\"_ _15\"></span>di <span class=\"_ _15\"> </span>attualizzazione <span class=\"_ _15\"></span>(WACC) <span class=\"_ _15\"></span>ed <span class=\"_ _15\"> </span>alla <span class=\"_ _8\"></span>costanza <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>proiezioni <span class=\"_ _7\"></span>finanziarie <span class=\"_ _7\"></span>oltre <span class=\"_ _7\"></span><span class=\"ls6\">il</span> periodo <span class=\"ls7\">di<span class=\"_ _3\"></span></span> piano <span class=\"ls5\">(g</span> uguale a zero, <span class=\"ls6\">in</span> termini <span class=\"_ _6\"></span>nominali<span class=\"_ _2\"></span>). <span class=\"_ _3\"></span>Il <span class=\"_ _6\"></span>WACC <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>a <span class=\"_ _3\"></span>sua<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>volta <span class=\"_ _6\"></span>sensibile <span class=\"_ _3\"></span>alle <span class=\"_ _6\"></span>variazioni <span class=\"_ _3\"></span>delle proprie componen<span class=\"_ _2\"></span>ti, tra cui il risk free <span class=\"_ _2\"></span>rate che sintetiz<span class=\"_ _1\"></span>za<span class=\"_ _3\"></span> il rischio pae<span class=\"_ _2\"></span>se. Fo<span class=\"_ _2\"></span>ndo <span class=\"_ _16\"></span>sva<span class=\"_ _1\"></span>lutaz<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>diti Il <span class=\"_ _3\"></span>fondo <span class=\"_ _6\"></span>svalutazio<span class=\"_ _2\"></span>ne <span class=\"_ _3\"></span>crediti <span class=\"_ _6\"></span>riflette la <span class=\"_ _6\"></span>stima <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>management circa <span class=\"_ _6\"></span>le <span class=\"_ _3\"></span>perdite <span class=\"_ _3\"></span>relative <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>portafogl<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> di <span class=\"_ _1\"></span>crediti verso <span class=\"_ _0\"></span><span class=\"ls17\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>clientela <span class=\"_ _16\"></span>finale. <span class=\"_ _0\"></span><span class=\"ls9\">La<span class=\"ls0\"> <span class=\"_ _16\"></span>stima <span class=\"_ _16\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _16\"></span>svalutazione <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>bas<span class=\"_ _3\"></span>ata <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>perdite <span class=\"_ _1\"></span>attese <span class=\"_ _1\"></span>da <span class=\"_ _2\"></span>parte <span class=\"_ _16\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Gruppo, </span></span></span></span>determinate in <span class=\"_ _2\"></span>funzione del<span class=\"_ _2\"></span>l\u2019esperienza pass<span class=\"_ _2\"></span>ata <span class=\"_ _12\"> </span>per crediti simili, d<span class=\"_ _1\"></span>egli scaduti correnti e storici,<span class=\"_ _2\"></span> delle perdite<span class=\"_ _2\"></span> e degli incassi, dei model<span class=\"_ _2\"></span>li previsionali delle perd<span class=\"_ _2\"></span>ite attese, dell\u2019atten<span class=\"_ _2\"></span>to monitorag<span class=\"_ _2\"></span>gio della qualit\u00e0 del credito<span class=\"_ _2\"></span> e delle proiezion<span class=\"_ _2\"></span>i circa le c<span class=\"_ _2\"></span>ondizioni econo<span class=\"_ _2\"></span>miche e di merca<span class=\"_ _2\"></span>to. E\u2019 <span class=\"_ _7\"></span>comun<span class=\"ff21\">que <span class=\"_ _14\"></span>possibile <span class=\"_ _14\"></span>che <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>perdurare <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>f<span class=\"_ _3\"></span>attori <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>incertezza <span class=\"_ _14\"></span>sullo <span class=\"_ _7\"></span>scenario <span class=\"_ _14\"></span>economico <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>breve <span class=\"_ _7\"></span>e <span class=\"_ _14\"></span>medio </span>periodo, <span class=\"_ _4\"> </span>assieme <span class=\"_ _4\"> </span>alla <span class=\"_ _4\"> </span>stretta <span class=\"_ _4\"> </span>creditizia <span class=\"_ _4\"> </span>che <span class=\"_ _4\"> </span>ne <span class=\"_ _5\"> </span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>stata <span class=\"_ _5\"> </span>consegu<span class=\"_ _2\"></span>enza, <span class=\"_ _4\"> </span>possano <span class=\"_ _4\"> </span>comportare <span class=\"_ _f\"> </span>un <span class=\"_ _10\"> </span>ulteriore deterioramento <span class=\"_ _5\"> </span>delle <span class=\"_ _5\"> </span>co<span class=\"_ _2\"></span>ndizioni <span class=\"_ _5\"> </span>finanziar<span class=\"_ _2\"></span>ie <span class=\"_ _5\"> </span>dei <span class=\"_ _5\"> </span>debitori <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>Gruppo <span class=\"_ _17\"> </span>rispetto <span class=\"_ _17\"> </span>a <span class=\"_ _18\"> </span>quanto <span class=\"_ _17\"> </span>gi\u00e0 <span class=\"_ _18\"> </span>preso <span class=\"_ _17\"> </span>in considerazione nel<span class=\"_ _2\"></span>la quantificazi<span class=\"_ _2\"></span>one dei fondi i<span class=\"_ _2\"></span>scritti in bila<span class=\"_ _1\"></span>ncio<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Impo<span class=\"_ _1\"></span>ste <span class=\"_ _2\"></span>ant<span class=\"_ _1\"></span>icipa<span class=\"_ _2\"></span>te Le<span class=\"ls0\"> <span class=\"_ _3\"></span>attivit\u00e0 fiscali <span class=\"_ _3\"></span>differite sono <span class=\"_ _3\"></span>rilevate nella <span class=\"_ _3\"></span>misura <span class=\"_ _3\"></span><span class=\"ls6\">in</span> cui <span class=\"_ _3\"></span><span class=\"ls4a\">si<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>ritenga <span class=\"_ _3\"></span>probabile che <span class=\"_ _3\"></span>vi <span class=\"_ _3\"></span>saranno <span class=\"_ _14\"></span>risultati <span class=\"_ _14\"></span>fiscal<span class=\"_ _2\"></span>i </span>imponibili <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>futuro <span class=\"_ _6\"></span>che <span class=\"_ _14\"></span>consentano <span class=\"_ _14\"></span>l\u2019utilizzo <span class=\"_ _6\"></span>delle <span class=\"_ _14\"></span>differenze <span class=\"_ _6\"></span>temporanee <span class=\"_ _6\"></span>deducibili. <span class=\"_ _14\"></span>Il <span class=\"_ _14\"></span>valore <span class=\"_ _6\"></span>recuperabile delle attivi<span class=\"_ _2\"></span>t\u00e0 fiscali d<span class=\"_ _2\"></span>ifferite \u00e8 <span class=\"_ _2\"></span>rivisto pe<span class=\"_ _2\"></span>riodicamente <span class=\"_ _2\"></span>in funzio<span class=\"_ _2\"></span>ne degli i<span class=\"_ _2\"></span>mponibili <span class=\"_ _2\"></span>futuri riflessi nei p<span class=\"_ _2\"></span>i\u00f9 recenti piani del Gruppo.<span class=\"_ _2\"></span> Fo<span class=\"_ _2\"></span>ndi <span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>sc<span class=\"_ _2\"></span>hi <span class=\"_ _1\"></span>ed<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>oner<span class=\"_ _2\"></span>i Gli <span class=\"_ _14\"></span>accantonamenti <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>fondi <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>rischi <span class=\"_ _14\"></span><span class=\"ls4\">ed</span> <span class=\"_ _14\"></span>oneri <span class=\"_ _14\"></span>relativi <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _14\"></span>potenziali <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>natura <span class=\"_ _14\"></span>legale <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>fiscale <span class=\"_ _7\"></span>sono effettuati <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>fronte <span class=\"_ _7\"></span>delle <span class=\"_ _14\"></span>previsioni <span class=\"_ _14\"></span>effettuate <span class=\"_ _14\"></span>dagli <span class=\"_ _7\"></span>Amministratori,<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>sulla <span class=\"_ _14\"></span>base <span class=\"_ _7\"></span>delle <span class=\"_ _14\"></span>valutazioni <span class=\"_ _7\"></span>espresse <span class=\"_ _14\"></span>dai consulenti legal<span class=\"_ _2\"></span>i e fiscali d<span class=\"_ _2\"></span>ella Soc<span class=\"_ _2\"></span>iet\u00e0, in meri<span class=\"_ _2\"></span>to al probabi<span class=\"_ _2\"></span>le onere che <span class=\"_ _2\"></span>si ritiene r<span class=\"_ _2\"></span>agi<span class=\"_ _3\"></span>onevole ver<span class=\"_ _2\"></span>r\u00e0 sostenuto. 26. C<span class=\"_ _1\"></span>onve<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span>ione<span class=\"_ _1\"></span> delle<span class=\"_ _1\"></span> post<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ta Le <span class=\"_ _1\"></span>transazioni <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _1\"></span>valuta <span class=\"_ _16\"></span>estera <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>rilevate <span class=\"_ _16\"></span>inizialmente <span class=\"_ _16\"></span>al <span class=\"_ _2\"></span>tasso <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>cambio <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>essere <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>transazione. Le <span class=\"_ _1\"></span>attivit\u00e0 e <span class=\"_ _16\"></span>passivit\u00e0 m<span class=\"_ _2\"></span>onetarie, <span class=\"_ _1\"></span>denominate <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>valuta <span class=\"_ _2\"></span>estera, <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>riconvertite <span class=\"_ _2\"></span>al <span class=\"_ _1\"></span>tasso <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>cambio <span class=\"_ _1\"></span>in esse<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>alla data di chiusura de<span class=\"_ _2\"></span>l bilancio. Le<span class=\"ls0\"> <span class=\"_ _14\"></span>poste <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>monetarie <span class=\"_ _14\"></span>valuta<span class=\"ls6\">te</span> <span class=\"_ _6\"></span><span class=\"ls4\">al</span> <span class=\"_ _14\"></span>costo <span class=\"_ _14\"></span>storico <span class=\"_ _14\"></span><span class=\"ls6\">in</span> <span class=\"_ _14\"></span>valu<span class=\"_ _2\"></span>ta <span class=\"_ _14\"></span>estera <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>convertite <span class=\"_ _14\"></span>usando <span class=\"_ _2\"></span>i tassi d<span class=\"_ _2\"></span>i cambio i<span class=\"_ _2\"></span>n </span>vigore <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>iniziale <span class=\"_ _16\"></span>rilevazione <span class=\"_ _1\"></span>della <span class=\"_ _16\"></span>t<span class=\"_ _3\"></span>ransazione.<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>Le <span class=\"_ _1\"></span>poste <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>monetarie <span class=\"_ _1\"></span>iscritte <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>equo <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>valuta estera sono conve<span class=\"_ _2\"></span>rtite usando il<span class=\"_ _2\"></span> tasso di cambio <span class=\"_ _2\"></span>alla data di determ<span class=\"_ _2\"></span>inazione di tale <span class=\"_ _2\"></span>valore. Qualora <span class=\"_ _1\"></span>sia sta<span class=\"_ _2\"></span>ta <span class=\"_ _1\"></span>istituita un<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>designata relaz<span class=\"_ _2\"></span>ione <span class=\"_ _1\"></span>di copertu<span class=\"_ _2\"></span>ra <span class=\"_ _2\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">tra uno <span class=\"_ _1\"></span>strumento <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>copertura <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>un </span></span></span></span>elemento <span class=\"_ _11\"> </span>coperto <span class=\"_\"> </span>in <span class=\"_ _11\"> </span>valuta, <span class=\"_\"> </span>si <span class=\"_ _11\"> </span>applica <span class=\"_\"> </span>il <span class=\"_ _11\"> </span>trattamento <span class=\"_\"> </span>per<span class=\"_ _2\"></span> <span class=\"_\"> </span>gli <span class=\"_ _11\"> </span>strumenti <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_\"> </span>co<span class=\"_ _2\"></span>pertura <span class=\"_\"> </span>in<span class=\"_ _2\"></span>dicato <span class=\"_ _11\"> </span>nella <span class=\"_ _10\"> </span>voce \u201cStrumenti finan<span class=\"_ _2\"></span>ziari derivati\u201d.<span class=\"ff21\"> </span>I <span class=\"_ _0\"></span>bila<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>con<span class=\"_ _1\"></span>trol<span class=\"_ _2\"></span>lat<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>est<span class=\"_ _1\"></span>ere <span class=\"_ _16\"></span>esp<span class=\"_ _1\"></span>ress<span class=\"_ _2\"></span>i <span class=\"_ _0\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>valu<span class=\"_ _1\"></span>ta <span class=\"_ _16\"></span>div<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>sa <span class=\"_ _0\"></span><span class=\"ff24\">da<span class=\"_ _2\"></span>ll\u2019e<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ro,<span class=\"_ _1\"></span><span class=\"ff21\"> <span class=\"_ _16\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>sede <span class=\"_ _0\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _16\"></span>con<span class=\"_ _2\"></span>so<span class=\"_ _1\"></span>lidam<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to,<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>vengono <span class=\"_ _16\"></span>convertiti </span></span></span></span></span></span></span></span>adottando per <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>dati patrimoniali <span class=\"_ _3\"></span><span class=\"ls6\">il</span> cambio <span class=\"_ _3\"></span>puntuale a <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>esercizio e <span class=\"_ _3\"></span>per <span class=\"_ _14\"></span>le <span class=\"_ _6\"></span>componenti <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>reddito <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>conto economico <span class=\"_ _8\"> </span>il <span class=\"_ _15\"> </span>cambio <span class=\"_ _7\"> </span>m<span class=\"_ _3\"></span>edio <span class=\"_ _8\"> </span>dell\u2019esercizio. <span class=\"_ _8\"> </span>Le <span class=\"_ _8\"> </span>differenze <span class=\"_ _15\"> </span>cambio<span class=\"ff21\"> <span class=\"_ _8\"></span>risultanti <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>iscritte <span class=\"_ _7\"></span><span class=\"ls17\">in<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>una <span class=\"_ _8\"></span>riserva </span>separata <span class=\"_ _2\"></span>di pa<span class=\"_ _2\"></span>trimonio <span class=\"_ _1\"></span>denominata Rise<span class=\"_ _2\"></span>rva di Conversi<span class=\"_ _2\"></span>one. 27. G<span class=\"_ _1\"></span>esti<span class=\"_ _2\"></span>one<span class=\"_ _1\"></span> dei <span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>schi I <span class=\"_ _1\"></span>principali <span class=\"_ _1\"></span>rischi <span class=\"_ _1\"></span>fiscali, <span class=\"_ _1\"></span>legali <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>finanziari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cui <span class=\"_ _2\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _2\"></span>Cairo<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>Communication <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>esposto, <span class=\"_ _1\"></span>nonch\u00e9 <span class=\"_ _16\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>politiche </span></span></span></span>poste <span class=\"ls6\">in</span> ess<span class=\"_ _2\"></span>ere dal manage<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ent per <span class=\"ls17\">la</span> gestione degli stess<span class=\"_ _2\"></span>i, sono esposti nella <span class=\"_ _3\"></span>Nota 41. <span class=\"_ _3\"></span>Per <span class=\"_ _3\"></span>quanto concerne i rischi <span class=\"_ _1\"></span>operativi <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>di bus<span class=\"_ _2\"></span>iness <span class=\"_ _1\"></span>si r<span class=\"_ _2\"></span>imanda <span class=\"_ _1\"></span>a q<span class=\"_ _2\"></span>uanto <span class=\"_ _1\"></span>descritto <span class=\"_ _1\"></span>nella R<span class=\"_ _2\"></span>elazione <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>Amministratori <span class=\"_ _1\"></span>sulla <span class=\"_ _2\"></span>gestione.<span class=\"_ _3\"></span> Pr<span class=\"_ _2\"></span>inc<span class=\"_ _1\"></span>ipi <span class=\"_ _16\"></span>conta<span class=\"_ _1\"></span>bili, <span class=\"_ _1\"></span>emenda<span class=\"_ _1\"></span>menti<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rpr<span class=\"_ _1\"></span>etaz<span class=\"_ _2\"></span>ioni <span class=\"_ _1\"></span>in vi<span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>part<span class=\"_ _1\"></span>ire <span class=\"_ _2\"></span>dal <span class=\"_ _2\"></span>1\u00b0<span class=\"_ _2\"></span> ge<span class=\"_ _2\"></span>nna<span class=\"_ _2\"></span>io 2<span class=\"_ _1\"></span>022<span class=\"_ _1\"></span> A<span class=\"ff21 fs2\"> p<span class=\"_ _2\"></span>arti<span class=\"_ _2\"></span>re <span class=\"_ _1\"></span>dal <span class=\"_ _2\"></span>1\u00b0<span class=\"_ _1\"></span> gen<span class=\"_ _2\"></span>nai<span class=\"_ _2\"></span>o 2<span class=\"_ _1\"></span>022 <span class=\"_ _2\"></span>son<span class=\"_ _1\"></span>o ent<span class=\"_ _2\"></span>rat<span class=\"_ _1\"></span>i in <span class=\"_ _2\"></span>vig<span class=\"_ _1\"></span>ore <span class=\"_ _2\"></span>gli<span class=\"_ _2\"></span> e<span class=\"_ _1\"></span>menda<span class=\"_ _2\"></span>men<span class=\"_ _1\"></span>ti a<span class=\"_ _1\"></span>i seg<span class=\"_ _2\"></span>uen<span class=\"_ _1\"></span>ti st<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>dard:<span class=\"_ _1\"></span> </span><span class=\"ff26 fs2 fc0\">IFRS 3 Aggregazioni <span class=\"_ _2\"></span>aziendali<span class=\"ff24\">: le mod<span class=\"_ _2\"></span>ifiche hanno <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>o scopo di aggi<span class=\"_ _2\"></span>ornare il r<span class=\"_ _2\"></span>iferimento p<span class=\"_ _2\"></span>resente nell\u2019IFR<span class=\"_ _2\"></span>S 3 </span></span>al <span class=\"_ _12\"> </span>Conceptual <span class=\"_ _12\"> </span>Framework <span class=\"_ _12\"> </span>nella <span class=\"_ _11\"> </span>versione <span class=\"_ _15\"> </span>ri<span class=\"_ _3\"></span>vista, <span class=\"_ _12\"> </span>senza <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>ci\u00f2 <span class=\"_ _11\"> </span>comporti <span class=\"_ _12\"> </span>modifiche <span class=\"_ _12\"> </span>alle <span class=\"_ _12\"> </span>disposizioni <span class=\"_ _12\"> </span>del principio IFRS 3;<span class=\"_ _2\"></span> <span class=\"ff26 fs2 fc0\">IAS <span class=\"_ _7\"></span>16 <span class=\"_ _7\"></span>I<span class=\"_ _3\"></span>mmobili, <span class=\"_ _14\"></span>impianti <span class=\"_ _14\"></span>e <span class=\"_ _8\"></span>macchinari<span class=\"ff21\">: <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>modifica <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>consente <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>dedurre <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>elemento <span class=\"_ _7\"></span>di </span></span>immobili, <span class=\"_ _6\"></span>impianti <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>macchina<span class=\"_ _2\"></span>ri <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>ricavo <span class=\"_ _14\"></span>derivante <span class=\"_ _6\"></span>dalla <span class=\"_ _14\"></span>vendita <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>beni <span class=\"_ _14\"></span>prodotti <span class=\"_ _6\"></span>prima <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>ale <span class=\"_ _6\"></span>atti<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _6\"></span>sia pronta per l\u2019uso. Ta<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i ricavi di vendi<span class=\"_ _2\"></span>ta e i relativi cos<span class=\"_ _2\"></span>ti devono <span class=\"_ _2\"></span>essere rilevati a<span class=\"ff21\"> conto econo<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ico; </span><span class=\"ff26 fs2 fc0\">IAS <span class=\"_ _14\"></span>37 <span class=\"_ _14\"></span>Accantonamenti, <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>attivit\u00e0 <span class=\"_ _14\"></span>potenzia<span class=\"_ _2\"></span>li<span class=\"ff21\">: <span class=\"_ _14\"></span>la <span class=\"_ _14\"></span>modifica <span class=\"_ _14\"></span>specifica <span class=\"_ _6\"></span>meglio <span class=\"_ _14\"></span>che, <span class=\"_ _14\"></span>nel <span class=\"_ _6\"></span>valutare <span class=\"_ _14\"></span>se <span class=\"_ _14\"></span>un </span></span>contratto \u00e8 oneroso,<span class=\"_ _2\"></span> i costi diret<span class=\"_ _2\"></span>tamente correl<span class=\"_ _2\"></span>ati sono <span class=\"_ _2\"></span>costituiti da: \u2022 <span class=\"_ _13\"> </span><span class=\"ff24 fs2 fc0\">i costi incrementali nece<span class=\"_ _2\"></span>ssari all\u2019ademp<span class=\"_ _2\"></span>imento di tale co<span class=\"ff21\">ntratto, ad ese<span class=\"_ _2\"></span>mpio la manodoper<span class=\"_ _2\"></span>a e le materie<span class=\"_ _2\"></span> </span></span>prime dirette;<span class=\"_ _2\"></span> \u2022 <span class=\"_ _13\"> </span><span class=\"ff24 fs2 fc0\">la <span class=\"_ _10\"> </span>r<span class=\"_ _3\"></span>ipartizione <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>altri <span class=\"_ _10\"> </span>costi <span class=\"_ _f\"> </span>direttamente <span class=\"_ _10\"> </span>correlati <span class=\"_\"> </span>all\u2019adempimento <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>contratto, <span class=\"_ _10\"> </span>ad <span class=\"_ _f\"> </span>esempio <span class=\"_ _10\"> </span>la </span>ripartizione della <span class=\"_ _3\"></span>quota di <span class=\"_ _3\"></span>ammortamento di <span class=\"_ _3\"></span>un el<span class=\"_ _3\"></span>emen<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>di immobili, <span class=\"_ _3\"></span>impianti e <span class=\"_ _3\"></span>macchinari util<span class=\"_ _6\"></span>izzato per l\u2019adempimen<span class=\"_ _2\"></span>to di tale contr<span class=\"_ _2\"></span>atto e di altri.<span class=\"ff21\"> </span><span class=\"ff26 fs2 fc0\">IFRS 9 Strumenti finanziari (Annual Improvem<span class=\"_ _2\"></span>ents 2018-2020):<span class=\"ff21\"> <span class=\"ff24\">Lo IASB ha proposto una modifica al<span class=\"_ _2\"></span>l\u2019IFRS </span></span></span>9, chiarendo le<span class=\"_ _2\"></span> fees che un\u2019<span class=\"_ _2\"></span>entit\u00e0 include n<span class=\"_ _1\"></span>el determinare se le <span class=\"_ _2\"></span>condizioni di una<span class=\"_ _1\"></span> nuova o modific<span class=\"ff21\">ata passivit\u00e0 </span>finanziaria <span class=\"_ _11\"> </span>siano <span class=\"_ _11\"> </span>sostanzialmente <span class=\"_ _11\"> </span>differenti <span class=\"_\"> </span>ri<span class=\"_ _2\"></span>spetto <span class=\"_ _11\"> </span>alle <span class=\"_\"> </span>condiz<span class=\"_ _2\"></span>ioni <span class=\"_ _11\"> </span>della <span class=\"_\"> </span>passi<span class=\"_ _2\"></span>vit\u00e0 <span class=\"_ _11\"> </span>finanziaria <span class=\"_ _11\"> </span>originaria. Queste fees i<span class=\"_ _3\"></span>ncludono solo quelle <span class=\"_ _3\"></span>pagate o <span class=\"_ _3\"></span>percepite tra il <span class=\"_ _3\"></span>debitore ed <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>finanziatore, incluse le <span class=\"_ _3\"></span>fees pagate <span class=\"_ _3\"></span>o percepite dal debito<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>e o dal finanziato<span class=\"_ _2\"></span>re per conto di<span class=\"_ _2\"></span> altri. L\u2019a<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>zio<span class=\"_ _2\"></span>ne <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_\"> </span>tal<span class=\"_ _1\"></span>i <span class=\"_\"> </span>emend<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ti <span class=\"_\"> </span>non<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>ha<span class=\"_ _2\"></span> <span class=\"_\"> </span>comp<span class=\"_ _2\"></span>or<span class=\"_ _1\"></span>tato <span class=\"_\"> </span>ef<span class=\"_ _1\"></span>fetti<span class=\"_ _2\"></span> <span class=\"_\"> </span>sul<span class=\"_ _2\"></span>la <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>e <span class=\"_\"> </span>Re<span class=\"_ _2\"></span>la<span class=\"_ _1\"></span>zion<span class=\"_ _2\"></span>e <span class=\"_\"> </span>Fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iaria<span class=\"_ _2\"></span> <span class=\"_\"> </span>Ann<span class=\"_ _1\"></span>uale<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>solida<span class=\"_ _1\"></span>ta d<span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>Gr<span class=\"_ _2\"></span>upp<span class=\"_ _1\"></span>o. Pr<span class=\"_ _2\"></span>inc<span class=\"_ _1\"></span>ipi <span class=\"_ _1d1\"> </span>co<span class=\"_ _2\"></span>nta<span class=\"_ _1\"></span>bili,<span class=\"_ _2\"></span> <span class=\"_ _1d1\"> </span>emen<span class=\"_ _2\"></span>dame<span class=\"_ _1\"></span>nti <span class=\"_ _d\"> </span>ed<span class=\"_ _2\"></span> <span class=\"_ _d\"> </span>inter<span class=\"_ _1\"></span>pret<span class=\"_ _2\"></span>azi<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span> <span class=\"_ _d\"> </span>omol<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>ati <span class=\"_ _d\"> </span>da<span class=\"_ _2\"></span>ll\u2019<span class=\"_ _1\"></span>UE, <span class=\"_ _d\"> </span>non <span class=\"_ _d\"> </span>an<span class=\"_ _2\"></span>cor<span class=\"_ _2\"></span>a obb<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>li <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>ado<span class=\"_ _1\"></span>ttati<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>in v<span class=\"_ _2\"></span>ia <span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>icipa<span class=\"_ _1\"></span>ta da<span class=\"_ _1\"></span>l Grup<span class=\"_ _2\"></span>po Di <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>guito <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>elencano, <span class=\"_ _6\"></span>con <span class=\"_ _14\"></span>indicazione <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>data <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>decorrenza, <span class=\"_ _6\"></span>gli <span class=\"_ _14\"></span>emendamenti <span class=\"_ _6\"></span>omologati <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>non <span class=\"_ _14\"></span>adottati anticipatamente da<span class=\"_ _2\"></span>l Gruppo<span class=\"_ _2\"></span> e per i quali sono in<span class=\"_ _2\"></span> corso l<span class=\"_ _2\"></span>e valutazioni su ev<span class=\"_ _2\"></span>entuali impatt<span class=\"_ _2\"></span>i:<span class=\"_ _3\"></span> <span class=\"ff26 fs2 fc0\">Emendamento IAS 1 <span class=\"_ _3\"></span>- Disclosure of<span class=\"_ _3\"></span> Accounting Policies IAS 1 <span class=\"_ _3\"></span>and IFRS Practice Statement 2<span class=\"_ _6\"></span><span class=\"ff21\">. Le modifiche </span></span>si applicheranno a p<span class=\"_ _2\"></span>artire dal 2023. <span class=\"_ _2\"></span> <span class=\"ff26 fs2 fc0\">Emendamento IAS 8 - De<span class=\"_ _2\"></span>finition of Accoun<span class=\"_ _2\"></span>ting Estimates<span class=\"ff21\">. Le <span class=\"_ _2\"></span>modifiche si appl<span class=\"_ _2\"></span>icheranno a par<span class=\"_ _2\"></span>tire dal 2023. </span></span><span class=\"ff26 fs2 fc0\">Emendamento <span class=\"_ _3\"></span>IAS <span class=\"_ _6\"></span>12 <span class=\"_ _3\"></span>-<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Deferred <span class=\"_ _3\"></span>Tax <span class=\"_ _6\"></span>related <span class=\"_ _3\"></span>to <span class=\"_ _6\"></span>Assets<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>and <span class=\"_ _6\"></span>Liabilities <span class=\"_ _3\"></span>arising <span class=\"_ _3\"></span>from <span class=\"_ _6\"></span>a <span class=\"_ _3\"></span>Single <span class=\"_ _6\"></span>Transact<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span><span class=\"ff21\">. <span class=\"_ _6\"></span>Le </span></span>modifiche si app<span class=\"_ _2\"></span>licano dal 1\u00b0<span class=\"_ _2\"></span> gennaio 2023 Pr<span class=\"_ _2\"></span>inc<span class=\"_ _1\"></span>ipi co<span class=\"_ _1\"></span>ntabi<span class=\"_ _2\"></span>li,<span class=\"_ _1\"></span> emend<span class=\"_ _2\"></span>ame<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>i e<span class=\"_ _1\"></span>d inte<span class=\"_ _1\"></span>rpret<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>ioni<span class=\"_ _2\"></span> no<span class=\"_ _1\"></span>n anc<span class=\"_ _1\"></span>ora o<span class=\"_ _2\"></span>mol<span class=\"_ _2\"></span>ogat<span class=\"_ _1\"></span>i dal<span class=\"_ _2\"></span>l\u2019<span class=\"_ _2\"></span>UE e<span class=\"_ _1\"></span>d app<span class=\"_ _2\"></span>lic<span class=\"_ _1\"></span>abili<span class=\"_ _2\"></span> dag<span class=\"_ _2\"></span>li <span class=\"_ _1\"></span>eser<span class=\"_ _2\"></span>ciz<span class=\"_ _2\"></span>i c<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>iz<span class=\"_ _2\"></span>iano<span class=\"_ _2\"></span> do<span class=\"_ _2\"></span>po <span class=\"_ _1\"></span>il 1\u00b0<span class=\"_ _1\"></span> genna<span class=\"_ _2\"></span>io <span class=\"_ _1\"></span>2023 Di segui<span class=\"_ _2\"></span>to si <span class=\"_ _1\"></span>elencano, con <span class=\"_ _1\"></span>indicazione della <span class=\"_ _1\"></span>data di de<span class=\"_ _1\"></span>cor<span class=\"_ _3\"></span>renza, g<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i emenda<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>enti <span class=\"_ _1\"></span>non ancora o<span class=\"_ _2\"></span>mologati <span class=\"_ _2\"></span>e non adottati anticipa<span class=\"_ _2\"></span>tamente dal G<span class=\"_ _2\"></span>ruppo e per i qual<span class=\"_ _2\"></span>i sono in corso le va<span class=\"_ _2\"></span>lutazioni su e<span class=\"_ _2\"></span>ventuali impa<span class=\"_ _2\"></span>tti: Emendamento <span class=\"_ _11\"> </span>allo <span class=\"_ _11\"> </span>IAS <span class=\"_\"> </span>1 <span class=\"_ _12\"> </span><span class=\"ff27\">\u2013</span> <span class=\"_\"> </span>C<span class=\"_ _2\"></span>lassification <span class=\"_ _12\"> </span>of<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>liabilities <span class=\"_ _11\"> </span>as <span class=\"_\"> </span>c<span class=\"_ _1\"></span>urrent <span class=\"_\"> </span>or <span class=\"_ _12\"> </span>non <span class=\"_ _11\"> </span>current<span class=\"_ _3\"></span>: <span class=\"_\"> </span>L\u2019a<span class=\"_ _1\"></span>pplicazione <span class=\"_ _11\"> </span>delle modifiche origin<span class=\"_ _2\"></span>ariamente prev<span class=\"_ _2\"></span>ista a partire d<span class=\"_ _2\"></span>al 2022, \u00e8 stata pos<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>icipata al 2024. <span class=\"ff26 fs2 fc0\">Emendamento allo IAS 1 <span class=\"_ _3\"></span><span class=\"ff27\">\u2013</span> Non-current Liabilities with Covenants<span class=\"ff21\">: Le modifiche si <span class=\"_ _3\"></span>applicano dal 1\u00b0 gennaio </span></span>2024. <span class=\"ff26 fs2 fc0\">Emendamento <span class=\"_ _1\"></span>all'IFRS <span class=\"_ _1\"></span>16 <span class=\"_ _2\"></span><span class=\"ff27\">\u2013<span class=\"ff26\"> <span class=\"_ _1\"></span>Lease <span class=\"_ _2\"></span>Liability <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _1\"></span>a S<span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>and <span class=\"_ _1\"></span>Leaseback<span class=\"ff21\">. L<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>modifiche <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>applicano <span class=\"_ _1\"></span>dal 1\u00b0<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>gennaio </span></span></span></span>2024. NOTE <span class=\"_ _12\"></span><span class=\"ls52\">DI</span> <span class=\"_ _11\"></span>COMMENT<span class=\"_ _3\"></span>O <span class=\"_ _12\"></span>DELLE<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>VOCI <span class=\"_ _12\"></span>DI<span class=\"_ _3\"></span> <span class=\"_ _12\"></span>CONTO<span class=\"_ _3\"></span> <span class=\"_ _12\"></span>EC<span class=\"_ _3\"></span>ONOMICO CON<span class=\"_ _2\"></span>SOL<span class=\"_ _2\"></span>IDATO Viene <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>seguito <span class=\"_ _3\"></span>analizzato i<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>contenuto <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>principali <span class=\"_ _3\"></span>componenti di <span class=\"_ _6\"></span>ricavi <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>l\u2019esercizio <span class=\"_ _3\"></span>chiuso <span class=\"_ _6\"></span><span class=\"ff21\">al </span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2022. <span class=\"_ _6\"></span>Tutte <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>importi <span class=\"_ _6\"></span>indicati <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>esposti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>euro. I dati compa<span class=\"_ _2\"></span>rativi <span class=\"ls4a\">si</span> riferiscono alla <span class=\"_ _1\"></span>relazione <span class=\"_ _16\"></span>finanziaria <span class=\"_ _16\"></span>annuale <span class=\"_ _16\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _16\"></span>2021.  </span></span>Nel <span class=\"_ _3\"></span>202<span class=\"ls7\">2 <span class=\"_ _15\"> </span></span>con <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>margine <span class=\"_ _3\"></span>operativo <span class=\"_ _3\"></span>lordo <span class=\"_ _6\"></span>(EBITD<span class=\"_ _2\"></span>A) <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>proventi <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"_ _6\"></span>oneri <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>natura <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>ricorrente presentano un saldo negativo pari a Euro 12,1 milioni con una differenza negativa <span class=\"_ _1\"></span>di Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>8,3 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>rispetto al<span class=\"ls0\"> <span class=\"_ _16\"></span>2021, <span class=\"_ _16\"></span>quando <span class=\"_ _16\"></span><span class=\"ff24\">l\u2019effetto<span class=\"ff21\"> <span class=\"_ _16\"></span>netto <span class=\"_ _16\"></span>complessiv<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>degli <span class=\"_ _16\"></span>oneri e<span class=\"_ _1\"></span> proventi <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>ricorrenti <span class=\"_ _1\"></span>risultava <span class=\"_ _1\"></span>negativo p<span class=\"_ _1\"></span>er Euro <span class=\"_ _2\"></span>3,8 </span></span></span>milioni. <span class=\"_ _12\"> </span>Gli <span class=\"_ _15\"> </span>oneri <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>ricorrenti <span class=\"_ _15\"> </span>del <span class=\"_ _12\"> </span>2022 <span class=\"_ _12\"> </span>includono <span class=\"_ _15\"> </span>per <span class=\"_ _12\"> </span>circa <span class=\"_ _15\"> </span>Euro <span class=\"_ _12\"> </span>10 <span class=\"_ _15\"> </span>m<span class=\"_ _3\"></span>ilioni, <span class=\"_ _15\"> </span>gli <span class=\"_ _12\"> </span>oneri <span class=\"_ _15\"> </span>imputabili <span class=\"_ _12\"> </span>alla transazione <span class=\"_ _15\"> </span>del <span class=\"_ _12\"> </span>contenzioso <span class=\"_ _15\"> </span>relativo <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>complesso <span class=\"_ _15\"> </span>immobiliare <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>via <span class=\"_ _12\"> </span>Solferino/San <span class=\"_ _15\"></span>Mar<span class=\"_ _3\"></span>co/Balzan, <span class=\"_ _12\"> </span>come<span class=\"_ _2\"></span> descritto nella succ<span class=\"_ _2\"></span>essiva Nota n.3<span class=\"_ _2\"></span>9 Impegni, risch<span class=\"_ _2\"></span>i ed altre infor<span class=\"_ _2\"></span>mazioni. 1. R<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>vi <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span>ti Nella <span class=\"_ _16\"></span>seguente <span class=\"_ _16\"></span>tabella <span class=\"_ _16\"></span>viene <span class=\"_ _16\"></span>data <span class=\"_ _1\"></span>evidenza <span class=\"_ _0\"></span>dei <span class=\"_ _1\"></span>ricavi <span class=\"_ _16\"></span>operativi <span class=\"_ _16\"></span>lordi, <span class=\"_ _16\"></span>degli <span class=\"_ _16\"></span>sconti <span class=\"_ _1\"></span>di <span class=\"_ _16\"></span>agenzia <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _16\"></span>operativi netti: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1d2\"> </span><span class=\"ls53\">2022<span class=\"_ _21\"> </span>2021</span>Ri<span class=\"_ _16\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>or<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1d3\"> </span>1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>12<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _a6\"> </span>1.1<span class=\"_ _1\"></span>36<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>9S<span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>gen<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _1d4\"> </span>(6<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _23\"> </span>(6<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2)Rica<span class=\"_ _2\"></span>vi o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span>vi ne<span class=\"_ _6\"></span>tti<span class=\"_ _3f\"> </span>1<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>64<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _16b\"> </span>1<span class=\"_ _3\"></span>.0<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,7I ricavi sono realizzati prevalentemente <span class=\"ls6\">in</span> Italia e Spagna. Per <span class=\"ls17\">la<span class=\"_ _3\"></span></span> suddivisione dei ricavi per <span class=\"_ _3\"></span>settore <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>attivit\u00e0 si rimanda alla suc<span class=\"_ _2\"></span>cessiva <span class=\"_ _2\"></span>Nota 14. La composizione de<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> ricavi <span class=\"_ _2\"></span>operativi lordi \u00e8 <span class=\"_ _2\"></span>esposta nel pro<span class=\"_ _2\"></span>spetto che s<span class=\"_ _2\"></span>egu<span class=\"_ _1\"></span>e: De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>one<span class=\"_ _1d5\"> </span><span class=\"ls54\">2022<span class=\"_ _1d6\"> </span>2021</span>P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> su reti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _4f\"> </span>1<span class=\"_ _1\"></span>50<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8e\"> </span>15<span class=\"_ _1\"></span>6,<span class=\"_ _16\"></span>8P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> su stam<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span>ernet ed even<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>rti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _99\"> </span>4<span class=\"_ _1\"></span>06<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8e\"> </span>41<span class=\"_ _1\"></span>3,<span class=\"_ _16\"></span>9Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> ri<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ve<span class=\"_ _1d7\"> </span>3<span class=\"_ _1\"></span>,8<span class=\"_ _b5\"> </span>3<span class=\"_ _1\"></span>,6Vend<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>ta<span class=\"_ _3\"></span> pu<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>bb<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _37\"> </span>42<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,2<span class=\"_ _1d6\"> </span>4<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>5IVA a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ta <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>\u2019e<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re<span class=\"_ _1d8\"> </span><span class=\"ff21\">(3<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _2c\"> </span>(3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)</span>Ri<span class=\"_ _16\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>versi<span class=\"_ _1d9\"> </span>1<span class=\"_ _1\"></span>42<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _8e\"> </span>11<span class=\"_ _1\"></span>5,<span class=\"_ _16\"></span>6Totale<span class=\"_ _6\"></span> r<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>vi o<span class=\"_ _6\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>tivi lo<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>di<span class=\"_ _f0\"> </span>1<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _e0\"> </span>1<span class=\"_ _3\"></span>.1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9I <span class=\"_ _10\"> </span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _f\"> </span>operativi <span class=\"_ _10\"> </span>lordi, <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>ad <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>1.<span class=\"_ _3\"></span>126,7 <span class=\"_ _f\"> </span><span class=\"ff24\">milioni <span class=\"_ _f\"> </span>presentano, <span class=\"_ _10\"> </span>rispetto <span class=\"_ _f\"> </span>all\u2019esercizio <span class=\"_ _10\"> </span>precede<span class=\"_ _3\"></span></span>nte, <span class=\"_ _11\"> </span>un decremento <span class=\"_\"> </span>di <span class=\"_\"> </span>Euro<span class=\"_ _2\"></span> <span class=\"_\"> </span><span class=\"ls55\">10</span>,2 <span class=\"_\"> </span>milioni. <span class=\"_\"> </span>Il <span class=\"_ _f\"> </span>decremento <span class=\"_ _f\"> </span>dei <span class=\"_ _4\"> </span>ricavi <span class=\"_ _4\"> </span>pubblicitari <span class=\"_ _f\"> </span>e <span class=\"_ _4\"> </span>da <span class=\"_ _4\"> </span>vendita <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>pubbl<span class=\"_ _2\"></span>icazioni (principalmente <span class=\"_ _10\"> </span>attribuibile <span class=\"_ _f\"> </span>al <span class=\"_ _4\"> </span>calo <span class=\"_ _f\"> </span>delle <span class=\"_ _4\"> </span>diffusioni<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>cartacee <span class=\"_ _4\"> </span>e <span class=\"_ _f\"> </span>dei <span class=\"_ _4\"> </span>prodotti <span class=\"_ _f\"> </span>collaterali) <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _4\"> </span>parzialme<span class=\"_ _2\"></span>nte compensato dal<span class=\"_ _2\"></span>la crescita dei ric<span class=\"_ _2\"></span>avi diversi anche per il<span class=\"_ _2\"></span> buon andamento deg<span class=\"_ _2\"></span>li eventi sportivi. Come meglio des<span class=\"_ _2\"></span>critto nell<span class=\"_ _2\"></span>a Relazione degl<span class=\"_ _2\"></span>i amminist<span class=\"_ _2\"></span>ratori sulla gestione, nel <span class=\"_ _2\"></span>corso <span class=\"ff24\">del<span class=\"_ _2\"></span>l\u2019e<span class=\"_ _1\"></span>serc<span class=\"_ _2\"></span>iz<span class=\"_ _2\"></span>io:<span class=\"_ _1\"></span><span class=\"ff21\"> </span></span><span class=\"ff21 fs2 fc0\">i <span class=\"_ _2\"></span>ricavi <span class=\"_ _16\"></span>diffusionali <span class=\"_ _16\"></span>(i<span class=\"_ _3\"></span>nclusa <span class=\"_ _16\"></span>la <span class=\"_ _1\"></span>quota <span class=\"_ _1\"></span>abbonamenti) <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a E<span class=\"_ _1\"></span>uro <span class=\"_ _1\"></span>4<span class=\"_ _3\"></span>27,2 <span class=\"_ _1\"></span>milioni, <span class=\"_ _16\"></span>riconducibili <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>355,9 </span>milioni al Gruppo R<span class=\"_ _2\"></span>CS e p<span class=\"_ _2\"></span>er Euro 71,1 milioni ai<span class=\"_ _2\"></span> periodici di Cai<span class=\"_ _2\"></span>ro Editore; <span class=\"ff21 fs2 fc0\">la <span class=\"_ _6\"></span>rac<span class=\"_ _3\"></span>colta <span class=\"_ _6\"></span>pubblicitaria <span class=\"_ _3\"></span>lorda <span class=\"_ _14\"></span>relativa <span class=\"_ _6\"></span>alle <span class=\"_ _3\"></span>testate <span class=\"_ _14\"></span>del <span class=\"_ _3\"></span>Gruppo, <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>siti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>eventi <span class=\"_ _6\"></span>sportivi <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>st<span class=\"_ _3\"></span>ata<span class=\"_ _2\"></span> </span>pari <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>398,1 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>riconducibile <span class=\"_ _3\"></span>prevalentemente <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>38<span class=\"_ _3\"></span>3 <span class=\"_ _6\"></span>milioni) <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>alle <span class=\"_ _3\"></span>testate <span class=\"_ _6\"></span>di Cairo Editore (Eu<span class=\"_ _2\"></span>ro 12,5 milioni); <span class=\"ff21 fs2 fc0\">la <span class=\"_ _6\"></span>raccolta <span class=\"_ _6\"></span>pubblicitaria <span class=\"_ _6\"></span>lorda <span class=\"_ _6\"></span>sui <span class=\"_ _6\"></span>canali <span class=\"_ _6\"></span>La7 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>La7d <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>complessivi <span class=\"_ _14\"></span>circa <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>150 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro </span>155,5 m<span class=\"_ _2\"></span>ilioni <span class=\"_ _1\"></span>nel<span class=\"_ _3\"></span> 20<span class=\"_ _2\"></span>21), <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>entre <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>l co<span class=\"_ _2\"></span>ntributo <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>nale <span class=\"ff26\">C<span class=\"_ _2\"></span>accia<span class=\"ff21\"> <span class=\"ls4\">e <span class=\"_ _1\"></span><span class=\"ff26 ls0\">Pesca<span class=\"ff21\"> d<span class=\"_ _2\"></span>i R<span class=\"_ _2\"></span>CS <span class=\"_ _2\"></span>\u00e8 stato <span class=\"_ _1\"></span>pari a <span class=\"_ _1\"></span>Euro 0,4 <span class=\"_ _2\"></span>milioni; </span></span></span></span></span><span class=\"ff21 fs2 fc0\">al netto degli <span class=\"_ _2\"></span>sconti d<span class=\"_ _2\"></span>i agenzia pa<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>i a Eu<span class=\"_ _2\"></span>ro 62,7 milion<span class=\"_ _2\"></span>i, i ric<span class=\"_ _2\"></span>avi pubblic<span class=\"_ _2\"></span>itari net<span class=\"_ _2\"></span>ti sono sta<span class=\"_ _2\"></span>ti pari <span class=\"_ _2\"></span>ad Euro 493,9 </span>milioni, ricondu<span class=\"_ _2\"></span>cibili al Gruppo R<span class=\"_ _2\"></span>CS per Euro 345,4 milio<span class=\"_ _2\"></span>ni. I <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>diversi <span class=\"_ _3\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>42,9 <span class=\"_ _6\"></span>milioni, <span class=\"_ _6\"></span>includono <span class=\"_ _3\"></span>principalmente <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>realizzati <span class=\"_ _3\"></span>tramite <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>multiplex <span class=\"_ _6\"></span>di propriet\u00e0 <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>controllata <span class=\"_ _6\"></span>Unidad <span class=\"_ _14\"></span>Editorial <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>due <span class=\"_ _14\"></span>canali <span class=\"_ _6\"></span>televisivi, <span class=\"_ _14\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _14\"></span>derivanti <span class=\"_ _14\"></span>dagli <span class=\"_ _6\"></span>eventi <span class=\"_ _14\"></span>sportivi, dalle attivit\u00e0 di d<span class=\"_ _2\"></span>istribuzione e di<span class=\"_ _2\"></span> <span class=\"ff26\">direct marketing </span>e alt<span class=\"_ _2\"></span>ri ricavi di natu<span class=\"_ _2\"></span>ra operativa. 2. <span class=\"_ _1\"></span>Altri<span class=\"_ _1\"></span> rica<span class=\"_ _2\"></span>vi <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>prov<span class=\"_ _1\"></span>enti Gli <span class=\"_ _15\"></span><span class=\"ff24\">\u201caltri</span> <span class=\"_ _8\"></span>ricavi <span class=\"_ _8\"></span>e <span class=\"_ _15\"> </span><span class=\"ff24\">proventi\u201d</span> <span class=\"_ _8\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>pari <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>Euro <span class=\"_ _8\"></span>50,4 <span class=\"_ _15\"> </span>milioni <span class=\"_ _15\"></span>(Euro <span class=\"_ _8\"></span>39,1 <span class=\"_ _15\"></span>milioni <span class=\"_ _8\"></span>nel <span class=\"_ _15\"></span>2021), di cui Euro 35,6 milioni <span class=\"_ _6\"></span>riconducibili <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>(Euro <span class=\"_ _14\"></span>31,3 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>2021)<span class=\"_ _3\"></span>, <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>includono <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _3\"></span><span class=\"ls7\">da<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>macero <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>vendit<span class=\"_ _2\"></span>a carta, addebiti di cos<span class=\"_ _2\"></span>ti tecnici pubblicita<span class=\"_ _2\"></span>ri, affitti attivi, sopravvenienze <span class=\"_ _3\"></span>attive, <span class=\"_ _3\"></span>proventi per <span class=\"_ _3\"></span>contributi <span class=\"_ _3\"></span>ricevuti e altre voci di r<span class=\"_ _2\"></span>icavo divers<span class=\"_ _2\"></span>i da quelli operat<span class=\"_ _2\"></span>ivi. La <span class=\"_ _1\"></span>variazione <span class=\"_ _16\"></span>della <span class=\"_ _1\"></span>voce <span class=\"_ _1\"></span>\u201caltri <span class=\"_ _16\"></span>ric<span class=\"ff21\">a</span>vi <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>proventi\u201d <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>riconducibile <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>Euro <span class=\"_ _1\"></span>16,4 <span class=\"_ _1\"></span>milioni <span class=\"_ _16\"></span>ai <span class=\"_ _1\"></span>proventi <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>contributi che <span class=\"_ _7\"></span>comprendono <span class=\"_ _14\"></span>principalmente <span class=\"_ _14\"></span>a) <span class=\"_ _7\"></span>il <span class=\"_ _7\"> </span>contributo <span class=\"_ _7\"> </span>carta <span class=\"_ _14\"></span>sul<span class=\"_ _3\"></span>l\u2019acquisto <span class=\"_ _14\"></span>e <span class=\"_ _7\"> </span>consumo <span class=\"_ _14\"></span>carta <span class=\"_ _7\"> </span>age<span class=\"_ _3\"></span>volato <span class=\"_ _7\"></span>per <span class=\"_ _14\"></span>l\u2019anno 2021, <span class=\"_\"> </span>ai <span class=\"_\"> </span>sensi <span class=\"_\"> </span>di <span class=\"_\"> </span>quanto <span class=\"_ _11\"> </span>previsto <span class=\"_\"> </span>dall\u2019art. <span class=\"_\"> </span>188 <span class=\"_\"> </span>del <span class=\"_\"> </span>Decreto<span class=\"ff21\">-legge <span class=\"_\"> </span>del <span class=\"_\"> </span>19/05/2020 <span class=\"_\"> </span>n. <span class=\"_\"> </span>34 <span class=\"_\"> </span>conve<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>tito <span class=\"_\"> </span>con </span>modificazioni <span class=\"_ _12\"> </span>dalla <span class=\"_ _11\"> </span>Legge <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>17/07/2020 <span class=\"_ _12\"> </span>n. <span class=\"_\"> </span>77)<span class=\"_ _2\"></span>, <span class=\"_ _12\"> </span>dall\u2019art. <span class=\"_ _11\"> </span>1 <span class=\"_ _11\"> </span>commi <span class=\"_ _12\"> </span>378<span class=\"_ _3\"></span>-379 <span class=\"_ _11\"> </span>Legge <span class=\"_ _11\"> </span>n. <span class=\"_ _11\"> </span>234/2021 <span class=\"_ _12\"> </span>(legge finanziaria <span class=\"_ _14\"></span>2022), <span class=\"_ _6\"></span>dall\u2019art. <span class=\"_ _14\"></span>4, <span class=\"_ _14\"></span>comm<span class=\"ff21\">i <span class=\"_ _7\"></span>da <span class=\"_ _14\"></span>182 <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>186 <span class=\"_ _14\"></span>della <span class=\"_ _14\"></span>legge <span class=\"_ _14\"></span>24 <span class=\"_ _14\"></span>dicembre <span class=\"_ _14\"></span>2003, <span class=\"_ _6\"></span>n. <span class=\"_ _14\"></span>350 <span class=\"_ _14\"></span>(<span class=\"_ _3\"></span>legge <span class=\"_ _14\"></span>finanziaria </span>2004), <span class=\"_ _14\"></span>visti <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>DPCM <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>21.12.2004 <span class=\"_ _14\"></span>n. <span class=\"_ _14\"></span>318 <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>l\u2019<span class=\"_ _3\"></span>art. <span class=\"_ _14\"></span>67, <span class=\"_ _14\"></span>commi <span class=\"_ _14\"></span>9<span class=\"ff21\">-bis, <span class=\"_ _7\"></span>9-ter <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>9-quater <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>decreto-legge <span class=\"_ _14\"></span>25 </span>maggio 2021, n.<span class=\"_ _2\"></span> 73, conver<span class=\"_ _2\"></span>tito, con modificaz<span class=\"_ _2\"></span>ioni, dal<span class=\"_ _2\"></span>la legge 23 lu<span class=\"_ _2\"></span>glio 2021, n. 106 e b<span class=\"_ _2\"></span>) il <span class=\"ff24\">credito d\u2019<span class=\"_ _2\"></span>imposta </span>a <span class=\"_\"> </span>favo<span class=\"_ _2\"></span>re <span class=\"_\"> </span>d<span class=\"_ _1\"></span>elle <span class=\"_\"> </span>imprese <span class=\"_ _11\"> </span>editrici <span class=\"_ _11\"> </span>di <span class=\"_\"> </span>quo<span class=\"_ _2\"></span>tidiani <span class=\"_ _11\"> </span>e <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>periodici <span class=\"_ _11\"> </span>delle <span class=\"_\"> </span>sp<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _11\"> </span>sostenute <span class=\"_\"> </span>n<span class=\"_ _2\"></span>ell\u2019anno <span class=\"_ _11\"> </span>2020 <span class=\"_\"> </span>pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> <span class=\"_\"> </span>la<span class=\"_ _1\"></span> distribuzione <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>testate <span class=\"_ _1\"></span>edite <span class=\"_ _16\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>sensi <span class=\"_ _1\"></span>dell\u2019art.67 <span class=\"_ _16\"></span>comma <span class=\"_ _16\"></span>1 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>decreto<span class=\"ff21\">-legge <span class=\"_ _1\"></span>25 <span class=\"_ _16\"></span>maggio <span class=\"_ _1\"></span>2021 <span class=\"_ _16\"></span>n. <span class=\"_ _1\"></span>73  <span class=\"_ _1\"></span>convertito </span>con <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>odificazioni <span class=\"_ _3\"></span>dalla <span class=\"_ _6\"></span>legge <span class=\"_ _3\"></span>23 <span class=\"_ _6\"></span>luglio <span class=\"_ _3\"></span>2021, <span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span>106. <span class=\"_ _3\"></span>Inoltre, <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>compresi <span class=\"_ _3\"></span>contributi <span class=\"_ _6\"></span>ricevuti <span class=\"_ _3\"></span>dalla <span class=\"_ _6\"></span>societ\u00e0 RCS Sport per at<span class=\"_ _2\"></span>tivit\u00e0 promoz<span class=\"_ _2\"></span>ionali realizz<span class=\"_ _2\"></span>ate. 3. <span class=\"_ _1\"></span>Varia<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>rima<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>nze<span class=\"_ _1\"></span> prod<span class=\"_ _2\"></span>ott<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>fin<span class=\"_ _2\"></span>iti La <span class=\"_ _6\"></span>voce, <span class=\"_ _6\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _3\"></span>2,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _6\"></span>0,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>nel <span class=\"_ _3\"></span>2021), <span class=\"_ _6\"></span>rappresenta <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>normale <span class=\"_ _6\"></span>processo <span class=\"_ _6\"></span>di utilizzo dei prodo<span class=\"_ _2\"></span>tti finiti o<span class=\"_ _2\"></span>ggetto di commer<span class=\"_ _2\"></span>cializzazione da p<span class=\"_ _2\"></span>arte delle soci<span class=\"_ _2\"></span>et\u00e0 del Gruppo. 4. <span class=\"_ _1\"></span>Consu<span class=\"_ _2\"></span>mi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>mat<span class=\"_ _1\"></span>erie <span class=\"_ _1\"></span>prime,<span class=\"_ _1\"></span> sussi<span class=\"_ _1\"></span>diarie<span class=\"_ _1\"></span> e di<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>onsum<span class=\"_ _2\"></span>o L\u2019andamento <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>costi pe<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>materie <span class=\"_ _1\"></span>prime, sus<span class=\"_ _2\"></span>sidiarie <span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>consumo <span class=\"_ _1\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>dettagliato <span class=\"_ _2\"></span>come <span class=\"_ _1\"></span>segu<span class=\"_ _2\"></span>e:<span class=\"_ _2\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione2022<span class=\"_ _113\"> </span>2021Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>sto carta8<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>1<span class=\"_ _1da\"> </span>4<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>0Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>sto p<span class=\"_ _1\"></span>rod<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>gad<span class=\"_ _1\"></span>get e <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>v<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rsi4<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>8<span class=\"_ _1da\"> </span>4<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4Vari<span class=\"_ _1\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nen<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>rta,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> gad<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>t e<span class=\"_ _3\"></span> m<span class=\"_ _2\"></span>ateri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>versi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> pro<span class=\"_ _1\"></span>gram<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> (1<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _46\"> </span>0<span class=\"_ _1\"></span>,6si<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>iTotal<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>um<span class=\"_ _1\"></span>i d<span class=\"_ _2\"></span>i m<span class=\"_ _1\"></span>ate<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>, s<span class=\"_ _6\"></span>us<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>idi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> e<span class=\"_ _14\"></span> di co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>um<span class=\"_ _1\"></span>o11<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _a8\"> </span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0La voce, pari a Euro 119,8 <span class=\"ls6\">mi<span class=\"_ _2\"></span><span class=\"ls0\">lioni, si riferisce prin<span class=\"_ _2\"></span>cipalment<span class=\"_ _2\"></span>e alle attivit\u00e0 editor<span class=\"_ _2\"></span>iali di Cairo Editore, di La7 e<span class=\"_ _2\"></span> </span></span>del <span class=\"_ _11\"> </span>Gruppo <span class=\"_ _12\"> </span>RCS. <span class=\"_ _11\"> </span><span class=\"ff24\">L\u2019incr</span>emento <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>Euro <span class=\"_ _11\"> </span>29,8 <span class=\"_ _12\"> </span>milioni <span class=\"_ _11\"> </span>rispetto <span class=\"_ _12\"> </span>all\u2019anno <span class=\"_ _11\"> </span>precedente <span class=\"_ _12\"> </span>risulta <span class=\"_ _11\"> </span>principal<span class=\"_ _2\"></span>mente attribuibile al<span class=\"ff24\">l\u2019au<span class=\"_ _2\"></span>mento dei costi d<span class=\"_ _2\"></span>i <span class=\"ff21\">approvvigionamen<span class=\"_ _2\"></span>to delle materie pr<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>me. </span></span>I costi <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>consumi di <span class=\"_ _3\"></span>materie prime, <span class=\"_ _3\"></span>sussidiarie e <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>consumo riconducibili <span class=\"ls3\">al</span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>Euro 98,8 milioni. 5. <span class=\"_ _1\"></span>Costi<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>viz<span class=\"_ _2\"></span>i Nella <span class=\"_ _0\"></span>voce <span class=\"_ _16\"></span><span class=\"ff24\">\u201ccosti<span class=\"ff21\"> <span class=\"_ _0\"></span>per <span class=\"_ _16\"></span><span class=\"ff24\">servizi\u201d<span class=\"ff21\"> <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nclusi <span class=\"_ _0\"></span>principalmente <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>cos<span class=\"_ _3\"></span>ti <span class=\"_ _0\"></span>diretti <span class=\"_ _16\"></span>delle <span class=\"_ _0\"></span>concessionarie, <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>avorazioni <span class=\"_ _6\"></span>esterne </span></span></span></span>del <span class=\"_ _5\"> </span>settore <span class=\"_ _4\"> </span>editoriale, <span class=\"_ _5\"> </span>consulenze <span class=\"_ _4\"> </span>e <span class=\"_ _5\"> </span>collaborazi<span class=\"_ _2\"></span>oni <span class=\"_ _5\"> </span>principal<span class=\"_ _2\"></span>mente <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>border\u00f2, <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>relativi <span class=\"_ _14\"></span>alla <span class=\"_ _7\"></span>attivit\u00e0 televisiva, <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>promozion<span class=\"_ _2\"></span>ali <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>generali <span class=\"_ _14\"></span>ed <span class=\"_ _14\"></span>amministrat<span class=\"_ _2\"></span>ivi. <span class=\"_ _14\"></span>La <span class=\"_ _14\"></span>composizione <span class=\"_ _14\"></span>dei <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>rvizi <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a seguente: De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne2022<span class=\"_ _186\"> </span>2021Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span>retti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>a3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>,6<span class=\"_ _8a\"> </span>4<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>9P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fe<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>osti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span>ni<span class=\"_ _16\"></span>strati<span class=\"_ _16\"></span>vi3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>,2<span class=\"_ _8a\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>5Co<span class=\"_ _1\"></span>nsu<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>col<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>razi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>,2<span class=\"_ _8a\"> </span>3<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>5Lav<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>razi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>sterne6<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>,7<span class=\"_ _8a\"> </span>7<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>6Sp<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>traspo<span class=\"_ _1\"></span>rto1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>7<span class=\"_ _a7\"> </span>11<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1P<span class=\"_ _3\"></span>rog<span class=\"_ _1\"></span>ramm<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n app<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>to2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,7<span class=\"_ _8a\"> </span>2<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>6P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fe<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>rti<span class=\"_ _16\"></span>sti<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>he e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>sul<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nz<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ve1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,8<span class=\"_ _dd\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7Ri<span class=\"_ _16\"></span>prese, tro<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e,<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ntag<span class=\"_ _1\"></span>gi<span class=\"_ _16\"></span> op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>razi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span>sterne te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ve0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7Serv<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>nfo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>news <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>rt e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>gen<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>ve1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _dd\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4Serv<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> tra<span class=\"_ _3\"></span>sm<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>a0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2Rea<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zaz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> grafi<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>he tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>e0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5Co<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>terne tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>ve1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>pro<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>oz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e4<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>,7<span class=\"_ _8a\"> </span>3<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>2Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> strut<span class=\"_ _2\"></span>tu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>eneral<span class=\"_ _1\"></span>i1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>8<span class=\"_ _8a\"> </span>92<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>ti p<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>r s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>rviz<span class=\"_ _1\"></span>i4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _24\"> </span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1La<span class=\"ls0\"> voce, pari <span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>Euro 479,5<span class=\"_ _2\"></span> milioni (Euro 467,1 milion<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> nel 2021<span class=\"ls5\">),</span> presenta un inc<span class=\"_ _2\"></span>remento rispetto <span class=\"_ _1\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _1\"></span>periodo </span></span></span>analogo <span class=\"ff24\">dell\u2019esercizio</span> prec<span class=\"_ _2\"></span>edente <span class=\"ls7\">di<span class=\"_ _3\"></span></span> Euro 12,4 milioni. <span class=\"_ _14\"></span>In <span class=\"_ _14\"></span>crescita <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>13,6 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>voce <span class=\"_ _3\"></span>altri <span class=\"_ _6\"></span>costi<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>di struttura e <span class=\"_ _2\"></span>generali pr<span class=\"_ _2\"></span>incipalmente <span class=\"_ _2\"></span>per <span class=\"ff24\">l\u2019increm</span>ent<span class=\"_ _2\"></span>o <span class=\"ff24\">dei <span class=\"_ _2\"></span>costi per l<span class=\"_ _2\"></span>\u2019approvvigiona<span class=\"_ _2\"></span>mento energ<span class=\"_ _2\"></span>etico (+Euro <span class=\"_ _2\"></span>7,2<span class=\"_ _2\"></span> </span>milioni <span class=\"_ _11\"> </span>rispetto <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>2021) <span class=\"_\"> </span><span class=\"ls4\">e <span class=\"_ _12\"> </span></span>dei <span class=\"_\"> </span>co<span class=\"_ _2\"></span>sti <span class=\"_ _11\"> </span>di <span class=\"_\"> </span>p<span class=\"_ _2\"></span>roduzione<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>televisiva <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>corse <span class=\"_ _11\"> </span>ciclistiche <span class=\"_ _11\"> </span>r<span class=\"_ _3\"></span>ealizzate <span class=\"_ _12\"> </span>dal <span class=\"_\"> </span>202<span class=\"_ _2\"></span>2 direttamente da RCS S<span class=\"_ _2\"></span>port <span class=\"_ _2\"></span>S.p.A. Sono <span class=\"_ _6\"></span>continuate <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>azioni <span class=\"_ _6\"></span>legate <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>conteniment<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi <span class=\"_ _14\"></span><span class=\"ff24\">e <span class=\"_ _6\"></span>recupero <span class=\"_ _6\"></span>dell\u2019efficienza, <span class=\"_ _6\"></span>affiancat<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"ls7\">da</span> interventi </span></span>straordinari <span class=\"_ _0\"></span>effettuati <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>adeguare <span class=\"_ _16\"></span>tempestivamente <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019organizzazione a<span class=\"_ _2\"></span>ziendale al <span class=\"_ _2\"></span>mutato contesto. 6. <span class=\"_ _1\"></span>Costi<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>god<span class=\"_ _2\"></span>ime<span class=\"_ _1\"></span>nto be<span class=\"_ _1\"></span>ni di <span class=\"_ _1\"></span>terz<span class=\"_ _2\"></span>i La voce, <span class=\"_ _1\"></span>pari <span class=\"_ _2\"></span>ad Eu<span class=\"_ _1\"></span>ro 28,1 <span class=\"_ _1\"></span>milioni (Euro <span class=\"_ _1\"></span>31,8 <span class=\"_ _2\"></span>milioni <span class=\"_ _1\"></span>al 31 d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>cembre <span class=\"_ _1\"></span>2021), inclu<span class=\"_ _2\"></span>de pre<span class=\"_ _2\"></span>valentemente <span class=\"_ _1\"></span>costi pe<span class=\"_ _2\"></span>r diritti <span class=\"_ _12\"> </span>giornalistici, <span class=\"_ _15\"> </span>sportivi <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>per <span class=\"_ _12\"> </span>programmi <span class=\"_ _12\"> </span>televisivi <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>royalties <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>diritti <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>autore <span class=\"_ _12\"> </span>nonch\u00e9 <span class=\"_ _11\"> </span>canoni <span class=\"_ _15\"> </span>di locazione <span class=\"_ _1\"></span>relativi <span class=\"_ _1\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>contratti <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>leasing <span class=\"_ _1\"></span>short <span class=\"_ _2\"></span>term <span class=\"_ _1\"></span>e lo<span class=\"_ _2\"></span>w <span class=\"_ _1\"></span>cost, esclus<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>dall\u2019applicazione <span class=\"_ _1\"></span>del pr<span class=\"_ _2\"></span>incipio <span class=\"_ _1\"></span>IFRS <span class=\"_ _2\"></span>16.<span class=\"_ _3\"></span> De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1db\"> </span><span class=\"ls58\">2022<span class=\"_ _a8\"> </span>2021</span>Affi<span class=\"_ _16\"></span>tti<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1dc\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>)<span class=\"_ _22\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5Affi<span class=\"_ _16\"></span>tti<span class=\"_ _16\"></span> s<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _1dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _13c\"> </span>-Nol<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>gg<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> s<span class=\"_ _3\"></span>tru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _130\"> </span>0,<span class=\"_ _16\"></span>5<span class=\"_ _22\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pro<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>ram<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> TV<span class=\"_ _1de\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8c\"> </span>0,<span class=\"_ _16\"></span>6Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>rti<span class=\"_ _16\"></span>vi<span class=\"_ _1df\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8c\"> </span>0,<span class=\"_ _16\"></span>5Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>gi<span class=\"_ _0\"></span>orn<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1e0\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _8c\"> </span>3,<span class=\"_ _16\"></span>0Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d\u2019au<span class=\"_ _1\"></span>tore ( SIAE ,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>IMAIE ,<span class=\"_ _1\"></span> SCF<span class=\"_ _2\"></span> ,<span class=\"_ _2\"></span> AFI )<span class=\"_ _94\"> </span><span class=\"ff21\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8c\"> </span>3,<span class=\"_ _1\"></span>7</span>Ro<span class=\"_ _1\"></span>yal<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>vari<span class=\"_ _39\"> </span>13<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _d4\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> per go<span class=\"_ _1\"></span>di<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>ento<span class=\"_ _1\"></span> ben<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> terzi<span class=\"_ _f2\"> </span>7,<span class=\"_ _16\"></span>5<span class=\"_ _8c\"> </span>7,<span class=\"_ _1\"></span>3To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>ti p<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>r go<span class=\"_ _6\"></span>d<span class=\"_ _2\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto be<span class=\"_ _6\"></span>ni di<span class=\"_ _2\"></span> te<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1a3\"> </span>28<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _3a\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,8La voce include cos<span class=\"_ _2\"></span>ti per godimento di beni <span class=\"_ _2\"></span>di terzi riconducibi<span class=\"_ _2\"></span>li al Gruppo RCS per Eu<span class=\"_ _2\"></span>ro 18,5 milioni (Euro<span class=\"_ _2\"></span> 21,7 m<span class=\"_ _2\"></span>ilioni n<span class=\"_ _1\"></span>el<span class=\"_ _3\"></span> 202<span class=\"_ _2\"></span>1) co<span class=\"_ _2\"></span>stituiti <span class=\"_ _1\"></span>principalmente <span class=\"_ _2\"></span>da d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ritti l<span class=\"_ _2\"></span>etterari, <span class=\"ff26\">roy<span class=\"_ _2\"></span>alties<span class=\"ff21\"> <span class=\"_ _2\"></span>passive <span class=\"_ _1\"></span>e fotoservizi <span class=\"_ _1\"></span>per Euro <span class=\"_ _1\"></span>1<span class=\"_ _3\"></span>2,3 </span></span>milioni (Euro 13,8 <span class=\"_ _2\"></span>milioni nel 2021).<span class=\"_ _2\"></span> 7. <span class=\"_ _1\"></span>Costi<span class=\"_ _2\"></span> de<span class=\"_ _1\"></span>l per<span class=\"_ _1\"></span>sonale La voce pu\u00f2 <span class=\"_ _3\"></span>essere dettagliata come <span class=\"_ _3\"></span>segue<span class=\"_ _2\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1e1\"> </span><span class=\"ls59\">2022<span class=\"_ _1be\"> </span>2021</span>Sal<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sti<span class=\"_ _16\"></span>pen<span class=\"_ _1\"></span>di<span class=\"_ _1e2\"> </span>2<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _29\"> </span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>0On<span class=\"_ _2\"></span>eri<span class=\"_ _1\"></span> soci<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1e3\"> </span>7<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>7<span class=\"_ _1\"></span>6,<span class=\"_ _16\"></span>1Trattam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>rapp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>o<span class=\"_ _1a4\"> </span>1<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>5<span class=\"_ _3a\"> </span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _16\"></span> del<span class=\"_ _16\"></span> person<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _1e4\"> </span>(2<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _30\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6Totale<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti de<span class=\"_ _6\"></span>l pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>ona<span class=\"_ _1\"></span>le<span class=\"_ _12c\"> </span>31<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _26\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2I <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>personale <span class=\"_ _6\"></span>ammontano <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>Euro <span class=\"_ _6\"></span>3<span class=\"_ _3\"></span>17,4 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _7\"></span>325,2 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>nel<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>2021<span class=\"ls5\">) <span class=\"_ _14\"></span></span>e <span class=\"_ _14\"></span>includono <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>del personale riconduc<span class=\"_ _2\"></span>ibili al Gruppo RC<span class=\"_ _2\"></span>S per Euro 240,<span class=\"_ _2\"></span>1 milioni <span class=\"_ _2\"></span>(Euro 245,4 m<span class=\"_ _2\"></span>ilioni nel 2021) La <span class=\"_ _1\"></span>voce <span class=\"_ _1\"></span>include <span class=\"_ _1\"></span>oneri <span class=\"_ _1\"></span>non r<span class=\"_ _2\"></span>icorrenti <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>egati <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>processo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>riorganizzazione <span class=\"_ _1\"></span>aziendale <span class=\"_ _16\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>1,5 <span class=\"_ _16\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _1\"></span>(Euro 3,6 milioni nel 2021<span class=\"_ _2\"></span>). 8. <span class=\"_ _1\"></span>Ammor<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti,<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>cant<span class=\"_ _1\"></span>oname<span class=\"_ _1\"></span>nti e<span class=\"_ _2\"></span> sv<span class=\"_ _1\"></span>alutaz<span class=\"_ _1\"></span>ioni La voce si compone <span class=\"_ _2\"></span>come se<span class=\"_ _1\"></span>gue:<span class=\"_ _2\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1e5\"> </span><span class=\"ls5a\">2022<span class=\"_ _29\"> </span>2021</span>Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _1e6\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>32<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> deg<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _16\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>pi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>nari<span class=\"_ _1e7\"> </span>1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>0<span class=\"_ _30\"> </span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d\u2019u<span class=\"_ _1\"></span>so su<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ben<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> l<span class=\"_ _1\"></span>ea<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _1e8\"> </span><span class=\"ff21\">2<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>6<span class=\"_ _3a\"> </span>26<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4</span>Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _4c\"> </span>0,<span class=\"_ _16\"></span>9<span class=\"_ _97\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>nam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>sval<span class=\"_ _16\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>redi<span class=\"_ _16\"></span>ti<span class=\"_ _b4\"> </span>1,<span class=\"_ _16\"></span>2<span class=\"_ _30\"> </span>0,<span class=\"_ _16\"></span>9Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>nam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>di<span class=\"_ _16\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span>d o<span class=\"_ _1\"></span>neri<span class=\"_ _1e9\"> </span>4<span class=\"_ _1\"></span>,6<span class=\"_ _46\"> </span>7,<span class=\"_ _1\"></span>5Totale<span class=\"_ _6\"></span> am<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti, a<span class=\"_ _2\"></span>cc<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> s<span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _1ea\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,8<span class=\"_ _8e\"> </span>7<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,2La<span class=\"ls0\"> <span class=\"_ _1\"></span>voce, <span class=\"_ _16\"></span>pari <span class=\"_ _16\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _1\"></span>Euro <span class=\"_ _16\"></span>77,8 <span class=\"_ _16\"></span>milioni <span class=\"_ _1\"></span>(Euro <span class=\"_ _16\"></span>76,2 <span class=\"_ _16\"></span>milioni <span class=\"_ _1\"></span>nel <span class=\"_ _16\"></span>2021) <span class=\"_ _16\"></span>mostra <span class=\"_ _1\"></span>un <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\">cremento <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>Euro 1,6 milioni. </span></span></span></span></span>L\u2019applicazione<span class=\"ff21\"> <span class=\"_ _10\"> </span></span>dell\u2019IFRS <span class=\"_ _f\"> </span>16 <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>comportato <span class=\"_ _10\"> </span>ammortamenti <span class=\"_ _10\"> </span>per <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>26<span class=\"ls7\">,6<span class=\"_ _3\"></span></span> <span class=\"_ _f\"> </span>milioni. <span class=\"_ _4\"> </span>Si <span class=\"_ _5\"> </span>ricord<span class=\"_ _2\"></span>a <span class=\"_ _4\"> </span>che<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>g<span class=\"_ _1\"></span>li ammo<span class=\"_ _1\"></span>rta<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ricon<span class=\"_ _2\"></span>du<span class=\"_ _1\"></span>cibi<span class=\"_ _2\"></span>li <span class=\"_ _3\"></span><span class=\"ls3\">ai</span> <span class=\"_ _6\"></span>va<span class=\"_ _2\"></span>lo<span class=\"_ _2\"></span>ri <span class=\"_ _3\"></span>all<span class=\"_ _2\"></span>oca<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span><span class=\"ls3\">ad</span> <span class=\"_ _6\"></span>att<span class=\"_ _1\"></span>ivit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _3\"></span>imm<span class=\"_ _2\"></span>ate<span class=\"_ _1\"></span>rial<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>(non<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>prec<span class=\"_ _2\"></span>ede<span class=\"_ _1\"></span>nte<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>te <span class=\"_ _3\"></span>iscritte) <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>vita <span class=\"_ _6\"></span>utile definita <span class=\"_ _6\"></span>nell\u2019amb<span class=\"_ _2\"></span>ito <span class=\"_ _6\"></span>dell\u2019applicaz<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>c.d. <span class=\"_ _6\"></span>\u201c<span class=\"_ _3\"></span><span class=\"ff26\">acquisition <span class=\"_ _3\"></span>method</span>\u201d <span class=\"_ _6\"></span>all\u2019aggregazi<span class=\"_ _2\"></span>one <span class=\"_ _6\"></span>aziendale <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>sono pari, per <span class=\"ff24\">l\u2019eserciz<span class=\"_ _2\"></span>io chiuso al 31 d<span class=\"_ _2\"></span>icembre 202<span class=\"ff21\">2, a Eur<span class=\"_ _2\"></span>o 1,9 milioni; </span></span>Gli <span class=\"_ _6\"></span>avviamenti <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span><span class=\"ls6\">le</span> <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>estate <span class=\"_ _6\"></span>aventi <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>util<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>indefinita <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>sottoposte <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _14\"></span>ammorta<span class=\"_ _2\"></span>mento <span class=\"_ _14\"></span>ma <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>verifiche almeno annuali per<span class=\"_ _2\"></span> identificare <span class=\"_ _2\"></span>eventuali pe<span class=\"_ _2\"></span>rdite di valore. Le svalutazioni al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 2022 sono pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro 0,9 <span class=\"_ _3\"></span>milioni (Euro 0,1 <span class=\"_ _3\"></span>milioni nel 2021) <span class=\"_ _3\"></span>e si <span class=\"_ _3\"></span>riferiscono ad impianti pres<span class=\"_ _2\"></span>enti nel polo di s<span class=\"_ _2\"></span>tampa di Catan<span class=\"_ _2\"></span>ia. 9. <span class=\"_ _1\"></span>Altri<span class=\"_ _1\"></span> cost<span class=\"_ _2\"></span>i o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ivi La voce pu\u00f2 <span class=\"_ _3\"></span>essere cos\u00ec detta<span class=\"_ _2\"></span>gli<span class=\"_ _1\"></span>ata: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1eb\"> </span><span class=\"ls5b\">2022<span class=\"_ _58\"> </span>2021</span>Tasse<span class=\"_ _3\"></span> ded<span class=\"_ _1\"></span>uci<span class=\"_ _16\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ded<span class=\"_ _1\"></span>uci<span class=\"_ _16\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>el<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _94\"> </span><span class=\"ff21\">3,<span class=\"_ _16\"></span>3<span class=\"_ _1ec\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1</span>Al<span class=\"_ _16\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> g<span class=\"_ _2\"></span>esti<span class=\"_ _16\"></span>on<span class=\"_ _16\"></span>e<span class=\"_ _1db\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _139\"> </span>12<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span>6Total<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> al<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>ti ope<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>i<span class=\"_ _1d8\"> </span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _40\"> </span>1<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,7Gli <span class=\"_ _15\"> </span>altri <span class=\"_ _12\"> </span>costi <span class=\"_ _12\"> </span>operativi, <span class=\"_ _15\"> </span><span class=\"ls6\">in</span> <span class=\"_ _15\"> </span>i<span class=\"_ _3\"></span>ncremento <span class=\"_ _15\"> </span>rispetto <span class=\"_ _15\"> </span><span class=\"ff24\">all\u2019esercizio</span> <span class=\"_ _12\"> </span>precedente, <span class=\"_ _15\"> </span>includono <span class=\"_ _15\"> </span>quote associative, contributi, spese d<span class=\"_ _2\"></span>i rappresentanza, <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>iberalit\u00e0 ed on<span class=\"_ _2\"></span>eri per transaz<span class=\"_ _2\"></span>ioni. La voce include pe<span class=\"_ _2\"></span>r circa Euro 10 <span class=\"_ _2\"></span>milioni gli oneri non<span class=\"_ _1\"></span> ri<span class=\"_ _3\"></span>correnti im<span class=\"_ _2\"></span>putabili alla transaz<span class=\"_ _2\"></span>ione del conten<span class=\"_ _2\"></span>zioso relativo al comp<span class=\"_ _2\"></span>lesso immobilia<span class=\"_ _2\"></span>re di via Solferin<span class=\"_ _2\"></span>o/San Mar<span class=\"_ _2\"></span>co/Balzan. 10. A<span class=\"_ _1\"></span>ltri <span class=\"_ _1\"></span>prove<span class=\"_ _2\"></span>nti <span class=\"_ _1\"></span>(oner<span class=\"_ _1\"></span>i) da <span class=\"_ _1\"></span>attiv<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _2\"></span>/pa<span class=\"_ _2\"></span>ssi<span class=\"_ _1\"></span>vit\u00e0 f<span class=\"_ _1\"></span>inanz<span class=\"_ _2\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _3\"></span> La voce si co<span class=\"_ _3\"></span>mpone come <span class=\"_ _3\"></span>seg<span class=\"_ _2\"></span>ue:<span class=\"_ _2\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1ed\"> </span><span class=\"ls5c\">2022<span class=\"_ _7a\"> </span>2021</span>P<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>usv<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>(m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>e) <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>ce<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>artec<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>paz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1c0\"> </span>-<span class=\"_ _1ee\"> </span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8P<span class=\"_ _3\"></span>ro<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> (on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>) <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>a val<span class=\"_ _16\"></span>utaz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> parteci<span class=\"_ _1\"></span>paz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>patri<span class=\"_ _0\"></span>mo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>tto<span class=\"_ _1ef\"> </span>(3<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _180\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2)(Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e) <span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>pri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>no<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e<span class=\"_ _156\"> </span>(0<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _a8\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ltr<span class=\"_ _16\"></span>i pr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>ti (one<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i) d<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span> att<span class=\"_ _2\"></span>ivit\u00e0<span class=\"_ _1\"></span>/pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _1f0\"> </span>(4,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)<span class=\"_ _e0\"> </span>4<span class=\"_ _3\"></span>,6La voce <span class=\"_ _1\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>negativi <span class=\"_ _1\"></span>Euro 4,1 <span class=\"_ _1\"></span>milioni <span class=\"_ _2\"></span>include <span class=\"_ _2\"></span>prevalente<span class=\"_ _2\"></span>mente <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>risultato <span class=\"_ _1\"></span>del Gr<span class=\"_ _2\"></span>uppo <span class=\"_ _2\"></span>Corporacion <span class=\"_ _1\"></span>Bermont valutato con il meto<span class=\"_ _2\"></span>do del patri<span class=\"_ _2\"></span>monio netto. Nel <span class=\"_ _8\"></span>2021 <span class=\"_ _8\"></span>si <span class=\"_ _8\"></span>era <span class=\"_ _8\"></span>invece <span class=\"_ _8\"></span>realizzata <span class=\"_ _8\"></span>una <span class=\"_ _8\"></span>plusvalenza <span class=\"_ _7\"></span>pari <span class=\"_ _8\"></span>a <span class=\"_ _12\"> </span>Euro <span class=\"_ _3\"></span>7,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _8\"></span>realizzata <span class=\"_ _7\"></span>con <span class=\"_ _8\"></span>la <span class=\"_ _15\"> </span>cessione <span class=\"_ _7\"></span>della partecipata <span class=\"_ _0\"></span>spagnola <span class=\"_ _0\"></span>Unida<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>Editorial <span class=\"_ _0\"></span>Juegos <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>parte <span class=\"_ _16\"></span>compensata <span class=\"_ _1\"></span>dalla <span class=\"_ _16\"></span>minusvalenza <span class=\"_ _16\"></span>realizzata <span class=\"_ _16\"></span>con <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _16\"></span>cessione </span></span>di Informaci\u00f3n Es<span class=\"_ _2\"></span>tadio Deportivo S.A<span class=\"_ _2\"></span>. (Euro 0,5 <span class=\"_ _2\"></span>milioni). 11. P<span class=\"_ _1\"></span>rove<span class=\"_ _2\"></span>nti <span class=\"_ _2\"></span>e (<span class=\"_ _1\"></span>oneri<span class=\"_ _2\"></span>) fi<span class=\"_ _2\"></span>nanz<span class=\"_ _1\"></span>iari Gli <span class=\"_ _14\"></span>oneri <span class=\"_ _6\"></span>finanziari <span class=\"_ _6\"></span>netti <span class=\"_ _14\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>8,8 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _14\"></span>11,1 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>nel <span class=\"_ _14\"></span>2021) <span class=\"_ _6\"></span>presentano <span class=\"_ _14\"></span>un <span class=\"_ _6\"></span>decremento <span class=\"_ _14\"></span>di Euro 2,3 milion<span class=\"_ _2\"></span>i. Al <span class=\"_ _10\"> </span>miglioramento <span class=\"_ _10\"> </span>contribuiscono <span class=\"_\"> </span>i <span class=\"_ _f\"> </span>minori <span class=\"_ _10\"> </span>interessi <span class=\"_ _10\"> </span>maturati <span class=\"_ _10\"> </span>sull\u2019indeb<span class=\"_ _2\"></span>itamento <span class=\"_\"> </span>fi<span class=\"_ _3\"></span>nanziario<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>netto <span class=\"_ _f\"> </span>come conseguenza <span class=\"_ _10\"> </span>sia <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>riduzione <span class=\"_ _10\"> </span>dell\u2019esposizione <span class=\"_ _10\"> </span>media, <span class=\"_ _f\"> </span>del <span class=\"_ _10\"> </span>t<span class=\"_ _3\"></span>asso <span class=\"_ _f\"> </span>di <span class=\"_ _10\"> </span>interesse, <span class=\"_ _f\"> </span>minori <span class=\"_ _f\"> </span>on<span class=\"_ _3\"></span>eri <span class=\"_ _f\"> </span>netti <span class=\"_ _10\"> </span>per attualizzazion<span class=\"_ _2\"></span>i e minori spese ban<span class=\"_ _2\"></span>carie. Si riporta di seguito <span class=\"_ _2\"></span>il dettaglio della voce <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>n esam<span class=\"_ _2\"></span>e:<span class=\"_ _1\"></span> De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1f1\"> </span><span class=\"ls5d\">2022<span class=\"_ _186\"> </span>2021</span>In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _16\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>/c,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _171\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _dd\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1P<span class=\"_ _3\"></span>rov<span class=\"_ _1\"></span>enti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su d<span class=\"_ _2\"></span>eri<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>ati<span class=\"_ _1f2\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _dd\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Al<span class=\"_ _16\"></span>tri<span class=\"_ _1f3\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _dd\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> pr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>nti<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _1f4\"> </span>3<span class=\"_ _3\"></span>,4<span class=\"_ _3c\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> bancari<span class=\"_ _1f5\"> </span>-<span class=\"_ _2c\"> </span>-In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>su fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>ti<span class=\"_ _1f6\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)<span class=\"_ _1f7\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)Oneri<span class=\"_ _16\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span> deri<span class=\"_ _16\"></span>vati<span class=\"_ _1f8\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4)<span class=\"_ _1f7\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5)In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>su d<span class=\"_ _2\"></span>ebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ea<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> - IFRS 1<span class=\"_ _1\"></span>6<span class=\"_ _1f9\"> </span>(3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2)<span class=\"_ _1f7\"> </span>(3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2)Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1fa\"> </span>(6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)<span class=\"_ _1f7\"> </span>(6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7)To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> o<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>ri<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>i<span class=\"_ _13b\"> </span>(12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _af\"> </span>(1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)One<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>i ne<span class=\"_ _6\"></span>tti<span class=\"_ _1fb\"> </span>(8<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _7a\"> </span>(11<span class=\"_ _3\"></span>,1<span class=\"_ _6\"></span>)La <span class=\"_\"> </span>voce <span class=\"_\"> </span>\u201cAltri <span class=\"_ _10\"> </span>oneri <span class=\"_\"> </span>finanziari\u201d <span class=\"_\"> </span>include <span class=\"_\"> </span>oneri <span class=\"_\"> </span>finanziari <span class=\"_\"> </span>da <span class=\"_\"> </span>attualizzazione,<span class=\"_ _3\"></span> <span class=\"_\"> </span>perdite <span class=\"_\"> </span>su <span class=\"_\"> </span>cambi, <span class=\"_ _10\"> </span>spese <span class=\"_\"> </span>e commissioni banc<span class=\"_ _2\"></span>arie. 12. P<span class=\"_ _1\"></span>rove<span class=\"_ _2\"></span>nti <span class=\"_ _2\"></span>e o<span class=\"_ _1\"></span>neri <span class=\"_ _2\"></span>non r<span class=\"_ _1\"></span>icorr<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i In accordo a<span class=\"_ _1\"></span>lla Delibera C<span class=\"_ _2\"></span>ONSOB <span class=\"_ _1\"></span>n. 15519 si riportano <span class=\"_ _1\"></span>di seguito i princip<span class=\"_ _2\"></span>ali compone<span class=\"_ _2\"></span>nti di red<span class=\"_ _2\"></span>dito (pos<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>tivi e/o nega<span class=\"_ _2\"></span>tivi) d<span class=\"_ _2\"></span>erivanti da<span class=\"_ _1\"></span> eventi od <span class=\"_ _2\"></span>operazion<span class=\"_ _2\"></span>i <span class=\"ls17\">il</span> c<span class=\"_ _2\"></span>ui ac<span class=\"_ _2\"></span>cadimento <span class=\"_ _1\"></span>risulta non <span class=\"_ _16\"></span>ri<span class=\"_ _3\"></span>corrente <span class=\"_ _1\"></span>ovvero <span class=\"_ _16\"></span>derivanti <span class=\"_ _1\"></span>quelle operazioni <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>fatti ch<span class=\"_ _1\"></span>e non <span class=\"_ _16\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ipetono <span class=\"_ _1\"></span>frequentemente n<span class=\"_ _2\"></span>el consueto svolg<span class=\"_ _2\"></span>imento dell\u2019attivi<span class=\"_ _2\"></span>t\u00e0. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneOne<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i n<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n Pr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>nti non TotaleTotale<span class=\"_ _6\"></span> di<span class=\"_ _2\"></span> Incid<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nz<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ico<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>ntir<span class=\"_ _1\"></span>ico<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>ntibi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ioAl<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _1fc\"> </span><span class=\"fc1\">-</span>1<span class=\"_ _3\"></span>,31<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1fd\"> </span>5<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,4<span class=\"_ _7e\"> </span>2,<span class=\"_ _16\"></span>5%Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>erson<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _f5\"> </span>(1,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _1fe\"> </span><span class=\"fc0\">-<span class=\"_ _1ff\"> </span></span>(1<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _15e\"> </span>(3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _83\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5%Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> per se<span class=\"_ _3\"></span>rvi<span class=\"_ _0\"></span>zi<span class=\"_ _1ea\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4)<span class=\"_ _14d\"> </span><span class=\"fc0\">-<span class=\"_ _1ff\"> </span></span>(0,<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _15e\"> </span>(4<span class=\"_ _1\"></span>79<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>%Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> per go<span class=\"_ _1\"></span>di<span class=\"_ _0\"></span>men<span class=\"_ _1\"></span>to b<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>terz<span class=\"_ _1\"></span>i<span class=\"_ _200\"> </span><span class=\"fc1\">-<span class=\"_ _1fe\"> </span></span>-<span class=\"_ _6c\"> </span><span class=\"fc1\">(2<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1)</span>Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _16\"></span> op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rati<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span> <span class=\"_ _60\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>4)<span class=\"_ _1fe\"> </span><span class=\"fc0\">-<span class=\"_ _1c4\"> </span></span>(1<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>4)<span class=\"_ _160\"> </span>(25<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _158\"> </span>45<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5%</span>Totale<span class=\"_ _6\"></span> pr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>nti e<span class=\"_ _6\"></span> o<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>non r<span class=\"_ _1\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _8b\"> </span>(1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _201\"> </span>1<span class=\"_ _3\"></span>,3<span class=\"_ _65\"> </span>(1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)Nel <span class=\"_ _16\"></span>2022 <span class=\"_ _16\"></span>gli <span class=\"_ _0\"></span>oneri <span class=\"_ _16\"></span>non <span class=\"_ _16\"></span>ricorrenti <span class=\"_ _0\"></span>ne<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _16\"></span>pari <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>Euro <span class=\"_ _16\"></span>12,1 <span class=\"_ _16\"></span>milioni <span class=\"_ _16\"></span>prevalentemen<span class=\"_ _2\"></span>te <span class=\"_ _16\"></span>riconducibili <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>circa <span class=\"_ _2\"></span>Euro<span class=\"_ _2\"></span> 10 <span class=\"_ _5\"> </span>milioni <span class=\"_ _5\"> </span>alla <span class=\"_ _5\"> </span>transazione <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>contenzioso <span class=\"_ _5\"> </span>relativo <span class=\"_ _5\"> </span>al <span class=\"_ _5\"> </span>complesso <span class=\"_ _5\"> </span>immobi<span class=\"_ _2\"></span>liare <span class=\"_ _5\"> </span>di <span class=\"_ _5\"> </span>via <span class=\"_ _5\"> </span>Solferino/San Marco/Balzan co<span class=\"_ _2\"></span>me descritto ne<span class=\"_ _2\"></span>lla successiva Not<span class=\"_ _2\"></span>a n.39 Impegni, rischi <span class=\"_ _2\"></span>ed altre in<span class=\"_ _2\"></span>formazioni. Al <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _1\"></span>2021 g<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>oneri <span class=\"_ _1\"></span>non ri<span class=\"_ _2\"></span>correnti <span class=\"_ _1\"></span>netti er<span class=\"_ _2\"></span>ano <span class=\"_ _1\"></span>pari a <span class=\"_ _1\"></span>complessivi <span class=\"_ _1\"></span>Euro 3,8<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>milion<span class=\"_ _1\"></span>i. 13. I<span class=\"_ _1\"></span>mpost<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>dell<span class=\"_ _1\"></span>\u2019eser<span class=\"_ _2\"></span>ciz<span class=\"_ _1\"></span>io Le <span class=\"_ _6\"></span>imposte <span class=\"_ _6\"></span>dell\u2019esercizio<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>presentano <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>saldo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span><span class=\"ff21\">4,7 <span class=\"_ _14\"></span>milioni <span class=\"_ _3\"></span>(Euro <span class=\"_ _14\"></span>16,8 <span class=\"_ _3\"></span>milioni <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>2021). <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>imposte </span>dell\u2019esercizio posso<span class=\"_ _2\"></span>no essere det<span class=\"_ _2\"></span>tagliate come <span class=\"_ _2\"></span>segue: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _202\"> </span><span class=\"ls5e\">2022<span class=\"_ _152\"> </span>2021</span>Ires <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>el<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>\u2019e<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>rci<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _203\"> </span><span class=\"ff21\">3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1fe\"> </span>6,<span class=\"_ _16\"></span>9</span>Irap d<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>\u2019e<span class=\"_ _3\"></span>serc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _1fa\"> </span><span class=\"ff21\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1fe\"> </span>4,<span class=\"_ _1\"></span>5</span>Im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste <span class=\"_ _3\"></span>anti<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>te<span class=\"_ _12d\"> </span>(0<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _204\"> </span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4Total<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> imp<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>te<span class=\"_ _205\"> </span>4,<span class=\"_ _3\"></span>7<span class=\"_ _191\"> </span>1<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,8Il <span class=\"_ _16\"></span>prospett<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>riconciliazione <span class=\"_ _16\"></span><span class=\"ls6\">tra<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019onere<span class=\"ff21\"> <span class=\"_ _16\"></span>fiscale <span class=\"_ _1\"></span>risultante <span class=\"_ _16\"></span>dal <span class=\"_ _1\"></span>bilancio <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019onere<span class=\"ff21\"> <span class=\"_ _16\"></span>fiscale <span class=\"_ _1\"></span>teorico pu\u00f2 essere </span></span></span></span></span></span></span></span>analizzato co<span class=\"_ _2\"></span>me segue: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1e5\"> </span><span class=\"ls5f\">2022<span class=\"_ _206\"> </span>2021</span>Ri<span class=\"_ _16\"></span>sul<span class=\"_ _16\"></span>tato<span class=\"_ _2\"></span> pri<span class=\"_ _0\"></span>ma del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste<span class=\"_ _207\"> </span>5<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>,4<span class=\"_ _d8\"> </span>9<span class=\"_ _1\"></span>6,<span class=\"_ _16\"></span>8Onere fi<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> teori<span class=\"_ _16\"></span>co<span class=\"_ _1cf\"> </span>1<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>5<span class=\"_ _d8\"> </span>2<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2Effetti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>sca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>egati<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>sol<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>o e <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>\u201c<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>rc<span class=\"_ _3\"></span>hase <span class=\"_ _3\"></span>pri<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ocati<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>\u201d<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> RCS<span class=\"_ _208\"> </span><span class=\"ff21\">(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4)<span class=\"_ _14e\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2)</span>Effetto<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>ffere<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> perm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nen<span class=\"_ _2\"></span>ti<span class=\"_ _99\"> </span>(1<span class=\"_ _1\"></span>0,<span class=\"_ _16\"></span>7)<span class=\"_ _14e\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>)Irap<span class=\"_ _209\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _20a\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5Imp<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span> de<span class=\"_ _6\"></span>ll<span class=\"_ _2\"></span>\u2019e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>nti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>dif<span class=\"_ _16\"></span>f<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _20b\"> </span><span class=\"ff23\">4,<span class=\"_ _3\"></span>7<span class=\"_ _14e\"> </span>16<span class=\"_ _3\"></span>,8</span>Ai <span class=\"_ _3\"></span>fini <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>una <span class=\"_ _6\"></span>migliore <span class=\"_ _3\"></span>comprensione <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>riconciliazione <span class=\"_ _3\"></span>tra <span class=\"_ _6\"></span>l\u2019onere <span class=\"_ _3\"></span>fiscale <span class=\"_ _3\"></span>risultante <span class=\"_ _3\"></span>dal <span class=\"_ _6\"></span>bilancio<span class=\"ff21\"> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span></span>l\u2019oner<span class=\"_ _2\"></span>e<span class=\"ff21\"> </span>fiscale <span class=\"_ _2\"></span>teorico, n<span class=\"_ _2\"></span>on <span class=\"ls34\">si<span class=\"_ _1\"></span><span class=\"ls0\"> \u00e8 tenuto c<span class=\"_ _2\"></span>onto <span class=\"ff24\">de<span class=\"_ _2\"></span>ll\u2019IRAP<span class=\"ff21\"> <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> quanto, <span class=\"_ _2\"></span>essendo <span class=\"_ _2\"></span><span class=\"ff24\">questa <span class=\"_ _2\"></span>un\u2019imposta <span class=\"_ _2\"></span>con una <span class=\"_ _1\"></span>base imponibil<span class=\"_ _2\"></span>e </span></span></span></span></span></span></span>diversa <span class=\"_ _1\"></span>dall\u2019utile <span class=\"_ _1\"></span>prima <span class=\"_ _2\"></span>delle <span class=\"_ _16\"></span>imposte, <span class=\"_ _2\"></span>genererebbe <span class=\"_ _1\"></span>effett<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>distorsiv<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>tra u<span class=\"_ _2\"></span>n <span class=\"_ _1\"></span>esercizio <span class=\"_ _1\"></span>ed un<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>altro. <span class=\"_ _2\"></span>L\u2019onere <span class=\"_ _1\"></span>fiscale teorico \u00e8 stato de<span class=\"_ _2\"></span>terminato appl<span class=\"_ _2\"></span>icando l\u2019aliquot<span class=\"_ _2\"></span>a fiscale IRES vigente par<span class=\"_ _2\"></span>i al 24%. 14. I<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>tiva<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>ttor<span class=\"_ _1\"></span>e P<span class=\"_ _2\"></span>er<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>a <span class=\"_ _16\"></span>mig<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>mp<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e <span class=\"_ _16\"></span>de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>eco<span class=\"_ _1\"></span>no<span class=\"_ _2\"></span>mi<span class=\"_ _1\"></span>co <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _16\"></span>pos<span class=\"_ _1\"></span>si<span class=\"_ _2\"></span>bi<span class=\"_ _1\"></span>le<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>co<span class=\"_ _2\"></span><span class=\"ff21\">nc<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ra<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019analisi<span class=\"ff21\"> <span class=\"_ _16\"></span>sui<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>risultati </span></span></span>conseguiti <span class=\"ff24\">nell\u2019ese<span class=\"_ _2\"></span>rcizio<span class=\"ff21\"> a live<span class=\"_ _2\"></span>llo dei singoli pri<span class=\"_ _2\"></span>ncipali settori <span class=\"ls7\">di</span> attivit\u00e0, che sono stati identifica<span class=\"_ _2\"></span>ti, in accordo </span></span>con quanto <span class=\"_ _3\"></span>previsto <span class=\"_ _3\"></span>dall\u2019IFRS 8 <span class=\"_ _3\"></span><span class=\"ff21\">- <span class=\"_ _3\"></span><span class=\"ff26\">Segmenti<span class=\"_ _3\"></span> operativi</span>, <span class=\"_ _3\"></span>sulla base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>reportistica interna <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>regolarmente<span class=\"_ _2\"></span> </span>rivista dal man<span class=\"_ _2\"></span>agement. A <span class=\"_ _15\"> </span>l<span class=\"_ _3\"></span>ivello <span class=\"_ _15\"> </span>gestionale, <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _11\"> </span>organizzato <span class=\"_ _15\"></span>in <span class=\"_ _12\"> </span><span class=\"ff26\">business <span class=\"_ _12\"> </span>unit, <span class=\"_ _12\"> </span></span>alle <span class=\"_ _15\"> </span>quali <span class=\"_ _12\"> </span>corrispondono <span class=\"_ _15\"> </span>pr<span class=\"_ _3\"></span>oprie <span class=\"_ _15\"> </span>strutture societarie <span class=\"_ _14\"></span>o <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>aggregazioni <span class=\"_ _14\"></span>delle <span class=\"_ _7\"></span>stesse, <span class=\"_ _14\"></span>in <span class=\"_ _7\"></span>base <span class=\"_ _14\"></span>ai <span class=\"_ _7\"></span>prodotti <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>se<span class=\"_ _3\"></span>rvizi <span class=\"_ _14\"></span>offerti <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>presenta <span class=\"_ _14\"></span>sei <span class=\"_ _7\"></span>settori <span class=\"_ _7\"></span>operativi<span class=\"_ _2\"></span> oggetto di inform<span class=\"_ _2\"></span>ativa, di seguito de<span class=\"_ _2\"></span>ttagliati: <span class=\"ff23 fs2 fc0\">Editoria <span class=\"_ _2\"></span>periodic<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>Cairo <span class=\"_ _1\"></span>Editore<span class=\"ff21\">, <span class=\"_ _1\"></span>il Gr<span class=\"_ _1\"></span>uppo oper<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _1\"></span>qualit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>editore <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>periodici <span class=\"_ _1\"></span>e libr<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>attraverso <span class=\"ls6\">le</span> <span class=\"_ _3\"></span>societ\u00e0 </span></span>controllate <span class=\"_ _12\"> </span>(i) <span class=\"_ _11\"> </span>Cairo <span class=\"_ _11\"> </span>Editore <span class=\"_ _11\"> </span>- <span class=\"_ _11\"> </span>che <span class=\"_ _11\"> </span>nel <span class=\"_ _11\"> </span>corso <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>2009 <span class=\"_ _12\"> </span>ha <span class=\"_ _11\"> </span>incorporato <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>Editoriale <span class=\"_ _14\"></span>Giorgio <span class=\"_ _7\"></span>Mondadori <span class=\"_ _14\"></span>e pubblica <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>settimanali <span class=\"_ _6\"></span>\u201cSettimanale <span class=\"_ _6\"></span>DIPIU\u2019\u201d, <span class=\"_ _6\"></span>\u201cDIPIU\u2019 <span class=\"_ _6\"></span>TV\u201d <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>gli <span class=\"_ _6\"></span>allegati <span class=\"_ _14\"></span>\u201cSettimanal<span class=\"_ _2\"></span>e <span class=\"_ _14\"></span>DIPI<span class=\"_ _2\"></span>U\u2019 <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>DIPIU\u2019TV<span class=\"_ _3\"></span><span class=\"ff21\"> </span>Cucina <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>Stellare\u201d, <span class=\"_ _10\"> </span>\u201cDiva <span class=\"_ _10\"> </span>e <span class=\"_ _f\"> </span>Donna\u201d, <span class=\"_ _10\"> </span>l\u2019allegato <span class=\"_ _f\"> </span>qu<span class=\"ls0\">indicinale <span class=\"_ _11\"> </span></span>\u201cCucina<span class=\"ff21\"> <span class=\"_ _10\"> </span></span>Mia\u201d<span class=\"ff21\">, <span class=\"_\"> </span></span>\u201cTV<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span><span class=\"ff24\">Mia\u201d,</span> <span class=\"_ _11\"> </span><span class=\"ff24\">\u201cNuovo\u201d,</span> <span class=\"_ _11\"> </span><span class=\"ff24\">\u201cF\u201d,</span> \u201cSettimanale<span class=\"ff21\"> </span>Giallo\u201d,<span class=\"ff21\"> <span class=\"_ _3\"></span></span>\u201cNuovo <span class=\"_ _14\"></span>TV\u201d<span class=\"ff21\">, <span class=\"_ _6\"></span></span>\u201c<span class=\"ff21\">Enigmistica <span class=\"_ _14\"></span>Pi\u00f9</span>\u201d<span class=\"ff21\">, <span class=\"_ _14\"></span></span>\u201c<span class=\"ff21\">Enig<span class=\"_ _2\"></span>mistica <span class=\"_ _14\"></span>Mia <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>i <span class=\"_ _14\"></span>mensili <span class=\"_ _14\"></span><span class=\"ff24\">\u201cFor</span> <span class=\"_ _14\"></span><span class=\"ff24\">Men <span class=\"_ _14\"></span>Magazine\u201d,<span class=\"_ _2\"></span><span class=\"ff21\"> </span></span></span>\u201cNatural<span class=\"ff21\"> <span class=\"_ _3\"></span></span>Style\u201d,<span class=\"ff21\"> </span>Bell\u2019Italia\u201d,<span class=\"ff21\"> </span>\u201cBell\u2019Europa\u201d,<span class=\"ff21\"> </span>\u201cIn<span class=\"ff21\"> <span class=\"_ _3\"></span></span>Viaggio\u201d,<span class=\"ff21\"> <span class=\"_ _3\"></span></span>\u201cAirone\u201d,<span class=\"ff21\"> <span class=\"_ _3\"></span></span>\u201cGardenia\u201d, <span class=\"_ _3\"></span>\u201cArt<span class=\"_ _3\"></span>e\u201d <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>\u201cAntiquar<span class=\"_ _2\"></span>iato\u201d, <span class=\"_ _6\"></span>e (ii) Cairo Publish<span class=\"_ _2\"></span>ing, che pubbl<span class=\"_ _2\"></span>ica libri; <span class=\"ff23 fs2 fc0\">Concessionarie <span class=\"_ _6\"></span><span class=\"ls60\">di<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span>pubblic<span class=\"_ _2\"></span>it\u00e0<span class=\"ff21\">, <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>settore <span class=\"_ _14\"></span>include <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>due <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _14\"></span>Cairo <span class=\"_ _6\"></span>Communication <span class=\"_ _6\"></span>S.p.A. <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>CAIRORCS </span></span>Media S.p.A., ed <span class=\"_ _3\"></span>opera nella raccolta pubblicitaria <span class=\"_ _5\"> </span>sul m<span class=\"_ _3\"></span>ezzo stampa per le <span class=\"_ _3\"></span>testate cartacee <span class=\"_ _3\"></span>e online di <span class=\"_ _3\"></span>RCS, per <span class=\"_ _6\"></span>le <span class=\"_ _3\"></span>testate <span class=\"_ _6\"></span>periodiche <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Cairo <span class=\"_ _6\"></span>Editore<span class=\"ff26\">, <span class=\"_ _6\"></span></span>nella <span class=\"_ _3\"></span>raccolta <span class=\"_ _3\"></span>pubblicitaria <span class=\"_ _6\"></span>sul <span class=\"_ _3\"></span>mezzo <span class=\"_ _6\"></span>TV <span class=\"_ _3\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _3\"></span>canali <span class=\"_ _6\"></span>La7 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>La7d, per <span class=\"_ _6\"></span>la <span class=\"_ _3\"></span>vendita <span class=\"_ _6\"></span>degli <span class=\"_ _3\"></span>spazi <span class=\"_ _6\"></span>pubblicitari <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>bordo <span class=\"_ _3\"></span>campo pr<span class=\"_ _3\"></span>esso <span class=\"_ _3\"></span><span class=\"ls6\">lo</span> <span class=\"_ _3\"></span>stadio <span class=\"_ _6\"></span>Olimpico <span class=\"_ _3\"></span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span>Torino <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls6\">il</span> <span class=\"_ _6\"></span>Torino <span class=\"_ _3\"></span>FC <span class=\"_ _6\"></span>e per la raccolta pub<span class=\"_ _2\"></span>blicitaria<span class=\"_ _2\"></span> di alcuni altri edi<span class=\"_ _2\"></span>tori terzi; <span class=\"ff23 fs2 fc0\">Editoria televisiva La7 e operatore<span class=\"_ _2\"></span> <span class=\"ls28\">di</span> rete<span class=\"ff21\">, il <span class=\"_ _3\"></span>settore include La7 S.p.A., che opera come editore telev<span class=\"_ _2\"></span>isivo, </span></span>pubblicando <span class=\"_ _1\"></span>le e<span class=\"_ _2\"></span>mittenti <span class=\"_ _1\"></span>La7 e <span class=\"_ _1\"></span>La7d <span class=\"_ _1\"></span>Cairo <span class=\"_ _2\"></span>Network <span class=\"_ _16\"></span>S.r.l. <span class=\"_ _1\"></span>che, <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>corso <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>2014, <span class=\"_ _1\"></span><span class=\"ls7\">ha<span class=\"ls0\"> pa<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>tecipato <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>procedura </span></span>indetta <span class=\"_ _16\"></span>dal <span class=\"_ _1\"></span>Ministero <span class=\"_ _16\"></span>dello <span class=\"_ _1\"></span>Sviluppo <span class=\"_ _1\"></span>Economico <span class=\"_ _16\"></span>aggiudicandosi <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>diritti <span class=\"_ _1\"></span><span class=\"ff24\">d\u2019uso d<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"_ _16\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>otto <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>frequenze <span class=\"_ _16\"></span><span class=\"ff24\">(\u201cMux\u201d).<span class=\"ff21\"> </span></span></span></span></span></span>Con <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019acquisto<span class=\"ff21\"> de<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>Mux, <span class=\"_ _1\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>Gruppo Cai<span class=\"_ _2\"></span>ro <span class=\"_ _2\"></span>Communica<span class=\"_ _2\"></span>tion <span class=\"_ _1\"></span>\u00e8 diventato attivo anche come ope<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>atore di rete<span class=\"_ _2\"></span>; </span></span></span></span><span class=\"ff23 fs2 fc0 ls16\">RCS<span class=\"ff21 ls0\">, <span class=\"_ _0\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>entrato, <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>2016, <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>settore<span class=\"_ _2\"></span> <span class=\"_ _0\"></span><span class=\"ff24\">dell\u2019editoria<span class=\"ff21\"> <span class=\"_ _0\"></span>quotid<span class=\"_ _2\"></span>iana, <span class=\"_ _1\"></span>con <span class=\"ff24\">l\u2019acquisi<span class=\"_ _2\"></span>zione<span class=\"ff21\"> del controllo di RCS.<span class=\"_ _1\"></span> </span></span></span></span></span></span></span></span>RCS, <span class=\"_ _10\"> </span>di<span class=\"_ _3\"></span>rettamente <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>attraverso <span class=\"_ _f\"> </span><span class=\"ls6\">le</span> <span class=\"_ _f\"> </span>sue <span class=\"_ _f\"> </span>controllate, <span class=\"_ _11\"> </span>\u00e8 <span class=\"_ _11\"> </span>attiva <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>Ita<span class=\"_ _2\"></span>lia <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>Sp<span class=\"_ _2\"></span>agna <span class=\"_ _11\"> </span>nella <span class=\"_ _11\"> </span>pubblicazione <span class=\"_ _12\"> </span>e commercializzaz<span class=\"_ _2\"></span>ione <span class=\"_\"> </span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_\"> </span>q<span class=\"_ _1\"></span>uot<span class=\"_ _3\"></span>idiani, <span class=\"_ _11\"> </span>periodici <span class=\"_ _5\"> </span>(settimanal<span class=\"_ _2\"></span>i <span class=\"_ _5\"> </span>e <span class=\"_ _5\"> </span>mensil<span class=\"_ _2\"></span>i), <span class=\"_ _5\"> </span>nella <span class=\"_ _4\"> </span>relativa <span class=\"_ _5\"> </span>attivit\u00e0 <span class=\"_ _4\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _5\"> </span>raccolta pubblicitaria <span class=\"_ _12\"> </span><span class=\"ls34\">su</span> <span class=\"_ _12\"> </span>stampa <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>online <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>Spagna, <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>nella <span class=\"_ _14\"></span>distribuzione <span class=\"_ _6\"></span>editoriale <span class=\"_ _14\"></span>nel <span class=\"_ _6\"></span>canale <span class=\"_ _14\"></span>delle <span class=\"_ _6\"></span>edicole. <span class=\"_ _14\"></span>RCS <span class=\"_ _14\"></span>\u00e8 inoltre <span class=\"_ _1\"></span>marginalmente <span class=\"_ _1\"></span>attiva, <span class=\"_ _1\"></span>in Ita<span class=\"_ _2\"></span>lia, <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ercato <span class=\"_ _1\"></span>della <span class=\"ff26\">pay <span class=\"_ _16\"></span>tv<span class=\"ff21\">, con <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>canali <span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>elevisivi <span class=\"_ _1\"></span>satellitar<span class=\"ls6\">i <span class=\"_ _1\"></span><span class=\"ff26 ls0\">Caccia <span class=\"_ _1\"></span>e P<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>ca </span></span></span></span>e attraverso le web <span class=\"_ _2\"></span>tv del Corr<span class=\"_ _2\"></span>iere della Sera e d<span class=\"_ _2\"></span>ella Gazzett<span class=\"_ _2\"></span>a dello Sport. In <span class=\"_ _2\"></span>Spagna <span class=\"_ _2\"></span>\u00e8 p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>esente <span class=\"_ _1\"></span>con la <span class=\"_ _1\"></span>prima radio <span class=\"_ _1\"></span>sportiva n<span class=\"_ _2\"></span>azionale <span class=\"ff26\">Rad<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>M<span class=\"_ _3\"></span>arca<span class=\"ff21\">, <span class=\"_ _2\"></span>con <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>a w<span class=\"_ _2\"></span>eb <span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>v di <span class=\"_ _1\"></span>El M<span class=\"_ _2\"></span>undo ed <span class=\"_ _16\"></span>emette </span></span>attraverso il <span class=\"_ _2\"></span>multiplex Veo <span class=\"_ _2\"></span>i due canali di tv d<span class=\"_ _2\"></span>igitale <span class=\"ff26\">GOL Television </span><span class=\"ls3\">e </span><span class=\"ff26\">Discovery <span class=\"_ _2\"></span>max<span class=\"ff21\">. </span></span>RCS <span class=\"_ _16\"></span>or<span class=\"_ _3\"></span>ganizza, <span class=\"_ _1\"></span>inoltre, <span class=\"_ _1\"></span>attraverso <span class=\"_ _1\"></span>RCS <span class=\"_ _1\"></span>Sport <span class=\"_ _1\"></span>ed <span class=\"_ _2\"></span>RCS <span class=\"_ _16\"></span>Sports <span class=\"_ _2\"></span>&amp; <span class=\"_ _1\"></span>Events <span class=\"_ _1\"></span>eventi <span class=\"_ _1\"></span>sportivi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>significativa <span class=\"_ _1\"></span>rilevanza a <span class=\"_ _16\"></span>livello <span class=\"_ _16\"></span>mondiale <span class=\"_ _16\"></span>(<span class=\"ff26\">inter <span class=\"_ _1\"></span>alia: <span class=\"_ _16\"></span><span class=\"ff21 ls6\">il <span class=\"_ _16\"></span><span class=\"ff27 ls0\">Giro <span class=\"_ _16\"></span>d\u2019Italia<span class=\"ff24\">, <span class=\"_ _16\"></span>l\u2019<span class=\"ff26\">UAE <span class=\"_ _16\"></span>Tour<span class=\"ff21\">, <span class=\"_ _1\"></span>la <span class=\"_ _16\"></span><span class=\"ff26\">Milano <span class=\"_ _16\"></span>City <span class=\"_ _1\"></span>Marathon<span class=\"ff21\">) <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>si <span class=\"_ _1\"></span>propone <span class=\"_ _0\"></span>come <span class=\"_ _1\"></span><span class=\"ff26\">partner </span></span></span></span></span></span></span></span></span>per l\u2019ideazione e <span class=\"_ _2\"></span>l\u2019organizz<span class=\"_ _2\"></span>azione di event<span class=\"_ _2\"></span>i attraverso R<span class=\"_ _2\"></span>CS Live.<span class=\"ff21\"> </span>Con <span class=\"_ _1\"></span><span class=\"ff26\">Solferino <span class=\"_ _16\"></span>-<span class=\"_ _3\"></span> <span class=\"_ _1\"></span><span class=\"ff21\">i <span class=\"_ _1\"></span>libri <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span><span class=\"ff26\">Corriere <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>Sera <span class=\"_ _1\"></span><span class=\"ff21 ls31\">RCS<span class=\"ls0\"> <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>attiva <span class=\"_ _1\"></span><span class=\"ff24\">nell\u2019editoria<span class=\"ff21\"> <span class=\"_ _16\"></span>libraria <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>partire <span class=\"_ _1\"></span>da marz<span class=\"_ _2\"></span>o 201<span class=\"_ _1\"></span>9 opera </span></span></span></span></span></span></span>RCS Academy la nu<span class=\"_ _2\"></span>ova Busines<span class=\"_ _2\"></span>s School del grupp<span class=\"_ _1\"></span>o RCS;<span class=\"_ _3\"></span> 2022E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria Co<span class=\"_ _1\"></span>nces<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ari<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria <span class=\"_ _2\"></span>tele<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>a RCSI<span class=\"_ _16\"></span>nfra <span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le(V<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> in m<span class=\"_ _16\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> L<span class=\"_ _1\"></span>a7 e o<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>re d<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _2\"></span>teCa<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _2\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> nett<span class=\"_ _1\"></span>i<span class=\"_ _20c\"> </span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _191\"> </span>3<span class=\"_ _3\"></span>4<span class=\"_ _6\"></span>9,6<span class=\"_ _67\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,8<span class=\"_ _a0\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,0<span class=\"_ _1d\"> </span>(32<span class=\"_ _3\"></span>4<span class=\"_ _6\"></span>,9)<span class=\"_ _19\"> </span>1.0<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0V<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ze<span class=\"_ _88\"> </span>0,<span class=\"_ _2\"></span>0<span class=\"_ _7a\"> </span><span class=\"fc0\">-<span class=\"_ _e9\"> </span>-<span class=\"_ _1c4\"> </span></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _110\"> </span></span>2,<span class=\"_ _2\"></span>4A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _20d\"> </span>7<span class=\"_ _2\"></span>,9<span class=\"_ _18c\"> </span>6,<span class=\"_ _2\"></span>2<span class=\"_ _1a6\"> </span>4,<span class=\"_ _1\"></span>6<span class=\"_ _162\"> </span>36<span class=\"_ _1\"></span>,0<span class=\"_ _6a\"> </span>(5<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _a0\"> </span>49<span class=\"_ _1\"></span>,2T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le<span class=\"_ _3\"></span> ri<span class=\"_ _3\"></span>cav<span class=\"_ _0\"></span>i<span class=\"_ _1f0\"> </span>87<span class=\"_ _3\"></span>,5<span class=\"_ _20e\"> </span>3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,8<span class=\"_ _67\"> </span>11<span class=\"_ _3\"></span>9<span class=\"_ _6\"></span>,5<span class=\"_ _54\"> </span>8<span class=\"_ _6\"></span>83<span class=\"_ _3\"></span>,4<span class=\"_ _1d\"> </span>(3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)<span class=\"_ _19\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,7C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11d\"> </span>(6<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _89\"> </span>(3<span class=\"_ _1\"></span>27<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _20f\"> </span>(6<span class=\"_ _1\"></span>6,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(5<span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _10e\"> </span>33<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>7<span class=\"_ _210\"> </span>(6<span class=\"_ _1\"></span>40<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el <span class=\"_ _1\"></span>p<span class=\"_ _6\"></span>ers<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _211\"> </span>(1<span class=\"_ _1\"></span>6,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _14e\"> </span>(2<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>5)<span class=\"_ _157\"> </span>(3<span class=\"_ _1\"></span>7,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _1\"></span>38<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(0<span class=\"_ _1\"></span>,1)<span class=\"_ _212\"> </span>(3<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>)Pr<span class=\"_ _2\"></span>ov<span class=\"_ _6\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _213\"> </span><span class=\"fc0\">-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _167\"> </span></span>(1<span class=\"_ _1\"></span>2,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _1d\"> </span></span>(1<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)M<span class=\"_ _16\"></span>argi<span class=\"_ _3\"></span>ne op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>iv<span class=\"_ _16\"></span>o lo<span class=\"_ _2\"></span>rd<span class=\"_ _16\"></span>o<span class=\"_ _16a\"> </span>4,4<span class=\"_ _18c\"> </span>4,8<span class=\"_ _70\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,6<span class=\"_ _a0\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _1e\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1A<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>rt<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _2\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>alut<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span>(2<span class=\"_ _1\"></span>,5<span class=\"_ _2\"></span>)<span class=\"_ _78\"> </span>(2<span class=\"_ _1\"></span>,2)<span class=\"_ _15c\"> </span>(1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _167\"> </span>(5<span class=\"_ _1\"></span>7,1<span class=\"_ _1\"></span>)<span class=\"_ _160\"> </span>0,<span class=\"_ _2\"></span>0<span class=\"_ _1d\"> </span>(7<span class=\"_ _1\"></span>7,8<span class=\"_ _1\"></span>)Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rativ<span class=\"_ _0\"></span>o<span class=\"_ _216\"> </span>1<span class=\"_ _3\"></span>,9<span class=\"_ _217\"> </span>2<span class=\"_ _3\"></span>,6<span class=\"_ _206\"> </span>(0<span class=\"_ _3\"></span>,4)<span class=\"_ _6a\"> </span>65<span class=\"_ _3\"></span>,0<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _15d\"> </span>69<span class=\"_ _3\"></span>,3A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _2\"></span>on<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>as<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> f<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _d7\"> </span><span class=\"fc0\">-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _6a\"> </span></span>(4,<span class=\"_ _1\"></span>1)<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _15d\"> </span></span>(4<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)G<span class=\"_ _16\"></span>es<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e fi<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _6\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _16e\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _66\"> </span>(0<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _70\"> </span>(0,<span class=\"_ _1\"></span>4)<span class=\"_ _6a\"> </span>(8<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(0<span class=\"_ _1\"></span>,0)<span class=\"_ _15d\"> </span>(<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,8<span class=\"_ _1\"></span>)Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> p<span class=\"_ _16\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>le<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1ef\"> </span>1<span class=\"_ _3\"></span>,8<span class=\"_ _217\"> </span>2<span class=\"_ _3\"></span>,3<span class=\"_ _6e\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,8)<span class=\"_ _218\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,0<span class=\"_ _56\"> </span>0,1<span class=\"_ _15d\"> </span>5<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,4Im<span class=\"_ _16\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>te<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _6\"></span>l<span class=\"_ _1\"></span> redd<span class=\"_ _6\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _1b1\"> </span>0,<span class=\"_ _2\"></span>9<span class=\"_ _78\"> </span>(1<span class=\"_ _1\"></span>,1)<span class=\"_ _70\"> </span>(0<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(4<span class=\"_ _1\"></span>,5)<span class=\"_ _218\"> </span>(0<span class=\"_ _2\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _15d\"> </span>(4<span class=\"_ _2\"></span>,7<span class=\"_ _1\"></span>)Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> nett<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _16\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>o<span class=\"_ _219\"> </span>2<span class=\"_ _3\"></span>,8<span class=\"_ _217\"> </span>1<span class=\"_ _3\"></span>,2<span class=\"_ _206\"> </span>(0<span class=\"_ _3\"></span>,8)<span class=\"_ _218\"> </span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,5<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _15d\"> </span>51<span class=\"_ _3\"></span>,7Di cui d<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>tinenza <span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> t<span class=\"_ _2\"></span>erz<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span><span class=\"fc0\">-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _15d\"> </span></span>(19<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _6a\"> </span><span class=\"ff21\">(0,<span class=\"_ _1\"></span>0)<span class=\"_ _9\"> </span><span class=\"ff23\">(<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6)</span></span>2021E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria Co<span class=\"_ _1\"></span>nces<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ari<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria <span class=\"_ _2\"></span>tele<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>a RCSI<span class=\"_ _16\"></span>nfra <span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le(V<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> in m<span class=\"_ _16\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> L<span class=\"_ _1\"></span>a7 e o<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>re d<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _2\"></span>teCa<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _2\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> nett<span class=\"_ _1\"></span>i<span class=\"_ _20c\"> </span><span class=\"fc1\">8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,2<span class=\"_ _191\"> </span>3<span class=\"_ _3\"></span>6<span class=\"_ _6\"></span>9,8<span class=\"_ _67\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,3<span class=\"_ _a0\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,2<span class=\"_ _1d\"> </span>(34<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>,8)<span class=\"_ _19\"> </span>1.0<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,7</span>V<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ze<span class=\"_ _17d\"> </span><span class=\"fc1\">-<span class=\"_ _7a\"> </span></span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _160\"> </span><span class=\"fc1\">0,<span class=\"_ _2\"></span>4<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _110\"> </span></span>0,<span class=\"_ _2\"></span>4</span>A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _20d\"> </span>4<span class=\"_ _2\"></span>,2<span class=\"_ _18c\"> </span>4,<span class=\"_ _2\"></span>1<span class=\"_ _1a6\"> </span>2,<span class=\"_ _1\"></span>8<span class=\"_ _162\"> </span>33<span class=\"_ _1\"></span>,0<span class=\"_ _6a\"> </span><span class=\"fc0\">(4<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _a0\"> </span><span class=\"fc1\">39<span class=\"_ _1\"></span>,1</span></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le<span class=\"_ _3\"></span> ri<span class=\"_ _3\"></span>cav<span class=\"_ _0\"></span>i<span class=\"_ _1f0\"> </span><span class=\"fc1\">88<span class=\"_ _3\"></span>,4<span class=\"_ _20e\"> </span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,9<span class=\"_ _67\"> </span>11<span class=\"_ _3\"></span>5<span class=\"_ _6\"></span>,2<span class=\"_ _54\"> </span>8<span class=\"_ _6\"></span>79<span class=\"_ _3\"></span>,5<span class=\"_ _1d\"> </span>(3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>)<span class=\"_ _19\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,3</span>C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11d\"> </span><span class=\"fc1\">(6<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _89\"> </span>(3<span class=\"_ _1\"></span>46<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _20f\"> </span>(6<span class=\"_ _1\"></span>1,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(4<span class=\"_ _1\"></span>82<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _10e\"> </span>34<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>0<span class=\"_ _210\"> </span>(6<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span>,5<span class=\"_ _2\"></span>)</span>C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el <span class=\"_ _1\"></span>p<span class=\"_ _6\"></span>ers<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _211\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>7,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _14e\"> </span>(2<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4)<span class=\"_ _157\"> </span>(3<span class=\"_ _1\"></span>8,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(0<span class=\"_ _1\"></span>,1)<span class=\"_ _212\"> </span>(3<span class=\"_ _1\"></span>21<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)</span>Pr<span class=\"_ _2\"></span>ov<span class=\"_ _6\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _213\"> </span>-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _6a\"> </span><span class=\"fc1\">(3<span class=\"_ _2\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _15d\"> </span></span>(3,<span class=\"_ _1\"></span>8)</span>M<span class=\"_ _16\"></span>argi<span class=\"_ _3\"></span>ne op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>iv<span class=\"_ _16\"></span>o lo<span class=\"_ _2\"></span>rd<span class=\"_ _16\"></span>o<span class=\"_ _16a\"> </span><span class=\"fc1\">9,2<span class=\"_ _217\"> </span>2<span class=\"_ _3\"></span>,9<span class=\"_ _70\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _a0\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,5<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1e\"> </span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,4</span>A<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>rt<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _2\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>alut<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _78\"> </span>(2<span class=\"_ _1\"></span>,1)<span class=\"_ _15c\"> </span>(1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _167\"> </span>(5<span class=\"_ _1\"></span>6,0<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span>-<span class=\"_ _14b\"> </span>(7<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>2)</span>Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rativ<span class=\"_ _0\"></span>o<span class=\"_ _216\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,4<span class=\"_ _217\"> </span>0<span class=\"_ _3\"></span>,8<span class=\"_ _206\"> </span>(0<span class=\"_ _3\"></span>,7)<span class=\"_ _218\"> </span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1e\"> </span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,2</span>A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _2\"></span>on<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>as<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> f<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _d7\"> </span>-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _160\"> </span><span class=\"fc1\">4,6<span class=\"_ _1fd\"> </span></span>-<span class=\"_ _110\"> </span><span class=\"fc1\">4,6</span>G<span class=\"_ _16\"></span>es<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e fi<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _6\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _10f\"> </span><span class=\"fc1\">-<span class=\"_ _66\"> </span>(0<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>)<span class=\"_ _70\"> </span>(0,<span class=\"_ _1\"></span>1)<span class=\"_ _d5\"> </span>(1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,6)<span class=\"_ _1fd\"> </span>-<span class=\"_ _14b\"> </span>(1<span class=\"_ _1\"></span>1,1<span class=\"_ _1\"></span>)</span>Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> p<span class=\"_ _16\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>le<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1ef\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,3<span class=\"_ _217\"> </span>0<span class=\"_ _3\"></span>,4<span class=\"_ _6e\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,7)<span class=\"_ _218\"> </span>8<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _56\"> </span>0,2<span class=\"_ _15d\"> </span>9<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,8</span>Im<span class=\"_ _16\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>te<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _6\"></span>l<span class=\"_ _1\"></span> redd<span class=\"_ _6\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _200\"> </span><span class=\"fc1\">(0,<span class=\"_ _1\"></span>9)<span class=\"_ _78\"> </span>(0<span class=\"_ _1\"></span>,5)<span class=\"_ _1a6\"> </span>2<span class=\"_ _1\"></span>,7<span class=\"_ _d5\"> </span>(1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _6a\"> </span>(0,<span class=\"_ _1\"></span>1)<span class=\"_ _1d\"> </span>(1<span class=\"_ _1\"></span>6,8<span class=\"_ _1\"></span>)</span>Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> nett<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _16\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>o<span class=\"_ _219\"> </span><span class=\"fc1\">6<span class=\"_ _3\"></span>,4<span class=\"_ _1a6\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,1)<span class=\"_ _21b\"> </span>1<span class=\"_ _3\"></span>,9<span class=\"_ _218\"> </span>7<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,6<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _15d\"> </span>79<span class=\"_ _6\"></span>,9</span>Di cui d<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>tinenza <span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> t<span class=\"_ _2\"></span>erz<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span>-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _110\"> </span><span class=\"fc1\">2<span class=\"_ _6\"></span>8,9<span class=\"_ _21c\"> </span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,9</span>Il<span class=\"ls0\"> manage<span class=\"_ _2\"></span>ment <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>onitora <span class=\"_ _1\"></span>i risul<span class=\"_ _2\"></span>tati op<span class=\"_ _1\"></span>erativi delle <span class=\"_ _1\"></span><span class=\"ff26\">business un<span class=\"_ _2\"></span>its <span class=\"ff21\">s<span class=\"_ _2\"></span>eparatamente <span class=\"_ _1\"></span>al fi<span class=\"_ _2\"></span>ne <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>definire <span class=\"_ _14\"></span><span class=\"ff24\">l\u2019allocaz<span class=\"_ _2\"></span>ione<span class=\"ff21\"> </span></span></span></span></span>delle <span class=\"_ _8\"></span>risorse <span class=\"_ _15\"> </span>e <span class=\"_ _8\"></span><span class=\"ls6\">la</span> <span class=\"_ _15\"> </span>valutazione <span class=\"_ _8\"></span>dei <span class=\"_ _15\"></span>risultati. <span class=\"_ _8\"></span>I <span class=\"_ _15\"> </span>prezzi <span class=\"_ _15\"> </span><span class=\"ls7\">di</span> <span class=\"_ _15\"> </span>trasferimento tra <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>settori operativi <span class=\"_ _3\"></span>sono definiti <span class=\"_ _3\"></span>sulla base delle condizio<span class=\"_ _2\"></span>ni di merca<span class=\"_ _2\"></span>to applicabili nel<span class=\"_ _2\"></span>le transazion<span class=\"_ _2\"></span>i con terzi. I <span class=\"_ _7\"></span>dati <span class=\"_ _7\"></span>patrimoniali <span class=\"_ _7\"></span>di <span class=\"_ _8\"></span>settore, <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>del <span class=\"_ _8\"></span>totale <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>ciascun <span class=\"_ _8\"></span>settore<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>oggetto <span class=\"_ _8\"></span>di informativa, <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>costituiscono <span class=\"_ _14\"></span>invece <span class=\"_ _7\"></span>valori <span class=\"_ _14\"></span>forniti <span class=\"_ _14\"></span>periodicamente <span class=\"_ _14\"></span><span class=\"ls4\">al</span> <span class=\"_ _7\"></span>p<span class=\"_ _1\"></span>i\u00f9 alto <span class=\"_ _6\"></span>livello <span class=\"_ _6\"></span>decisionale <span class=\"_ _6\"></span>operativo.<span class=\"_ _2\"></span> Tale <span class=\"_ _1\"></span>dettaglio <span class=\"_ _16\"></span>non <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span>quindi <span class=\"_ _1\"></span>fornito <span class=\"_ _1\"></span>nelle <span class=\"_ _1\"></span>presenti <span class=\"_ _1\"></span><span class=\"ff24\">note <span class=\"_ _1\"></span>esplicative <span class=\"_ _1\"></span>in a<span class=\"_ _2\"></span>ccordo <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>\u2019emendamento <span class=\"_ _1\"></span>dell\u2019IFRS </span>8 - <span class=\"ff26\">Settori operat<span class=\"_ _2\"></span>ivi<span class=\"ff21\">. </span></span>15. Ut<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>per az<span class=\"_ _1\"></span>ione L\u2019utile<span class=\"ff21\"> <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>azione <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>calcolato dividendo <span class=\"_ _3\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>risultato <span class=\"_ _3\"></span>economico <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls17\">la<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>media <span class=\"_ _6\"></span>ponderata <span class=\"_ _6\"></span>delle<span class=\"_ _1\"></span> </span>azioni <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> c<span class=\"_ _2\"></span>ircolazione, <span class=\"_ _1\"></span>escludendo <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>media <span class=\"_ _1\"></span>ponderata <span class=\"ls7\">di</span> <span class=\"_ _1\"></span>azioni propr<span class=\"_ _2\"></span>ie. <span class=\"_ _1\"></span>Nel <span class=\"_ _3\"></span>de<span class=\"_ _1\"></span>ttagl<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>: </span></span></span></span>De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne2022<span class=\"_ _18e\"> </span>2021Mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>roRi<span class=\"_ _16\"></span>sul<span class=\"_ _16\"></span>tato<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> perti<span class=\"_ _16\"></span>nen<span class=\"_ _1\"></span>za del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _50\"> </span>3<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>1<span class=\"_ _19f\"> </span>5<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0Ri<span class=\"_ _16\"></span>sul<span class=\"_ _16\"></span>tato<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ssa<span class=\"_ _3\"></span>te<span class=\"_ _21d\"> </span>-<span class=\"_ _43\"> </span>-Ris<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _6\"></span>ll\u2019e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _21e\"> </span><span class=\"ff23\">3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _91\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0</span>Num<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ro m<span class=\"_ _1\"></span>edi<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> po<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>era<span class=\"_ _3\"></span>to<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>n ci<span class=\"_ _16\"></span>rc<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _177\"> </span>1<span class=\"_ _1\"></span>34<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>4<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>59<span class=\"_ _1\"></span>8<span class=\"_ _69\"> </span>13<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>.41<span class=\"_ _1\"></span>6.5<span class=\"_ _1\"></span>98Num<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ro m<span class=\"_ _1\"></span>edi<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> po<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>era<span class=\"_ _3\"></span>to<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> pro<span class=\"_ _1\"></span>pri<span class=\"_ _16\"></span>e<span class=\"_ _21f\"> </span>(7<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9)<span class=\"_ _1a0\"> </span>(77<span class=\"_ _1\"></span>9)Num<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>dio <span class=\"_ _3\"></span>pond<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> di a<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span> pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span> la<span class=\"_ _2\"></span> de<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>mi<span class=\"_ _2\"></span>na<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> de<span class=\"_ _6\"></span>ll\u2019uti<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span> az<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _97\"> </span><span class=\"ff23\">13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>9<span class=\"_ _15e\"> </span>13<span class=\"_ _3\"></span>4<span class=\"_ _6\"></span>.4<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>9</span>Eu<span class=\"_ _1\"></span>ro:Uti<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>er <span class=\"_ _3\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>ttri<span class=\"_ _16\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _16\"></span>t\u00e0 i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _19a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _1a0\"> </span>0,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>0Uti<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(p<span class=\"_ _2\"></span>erdi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>) per a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ttri<span class=\"_ _0\"></span>bu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ssa<span class=\"_ _3\"></span>te<span class=\"_ _220\"> </span>-<span class=\"_ _43\"> </span>-Ris<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span> az<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>da<span class=\"_ _1\"></span> attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>in co<span class=\"_ _3\"></span>ntin<span class=\"_ _1\"></span>uit\u00e0<span class=\"_ _1\"></span> e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ate<span class=\"_ _fd\"> </span>0,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _19c\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0L\u2019u<span class=\"_ _1\"></span>tile <span class=\"_ _1\"></span>dilu<span class=\"_ _1\"></span>ito <span class=\"_ _2\"></span>pe<span class=\"_ _1\"></span>r az<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>\u00e8 st<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span>calco<span class=\"_ _1\"></span>lato <span class=\"_ _16\"></span>in qu<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span>no<span class=\"_ _1\"></span> azi<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i av<span class=\"_ _1\"></span>enti <span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>ten<span class=\"_ _2\"></span>zia<span class=\"_ _1\"></span>le effetto <span class=\"_ _2\"></span>diluitivo. NO<span class=\"_ _2\"></span>TE <span class=\"_ _1\"></span><span class=\"ls64\">DI<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>COMME<span class=\"_ _2\"></span>NTO <span class=\"_ _1\"></span>DELL<span class=\"_ _2\"></span>E <span class=\"_ _2\"></span>VOC<span class=\"_ _2\"></span>I <span class=\"_ _1\"></span>DELLO <span class=\"_ _1\"></span>STATO </span></span>PA<span class=\"_ _2\"></span>TRIMO<span class=\"_ _1\"></span>NIALE <span class=\"_ _1\"></span>CONSOLID<span class=\"_ _1\"></span>ATO 16. I<span class=\"_ _1\"></span>mmobili<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>inve<span class=\"_ _1\"></span>stimen<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> im<span class=\"_ _2\"></span>mobi<span class=\"_ _2\"></span>lia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>, <span class=\"_ _16\"></span>impian<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i e<span class=\"_ _1\"></span> macc<span class=\"_ _1\"></span>hinar<span class=\"_ _2\"></span>i La movimentaz<span class=\"_ _2\"></span>ione delle i<span class=\"_ _2\"></span>mmobilizzazion<span class=\"_ _2\"></span>i materiali pu\u00f2 es<span class=\"_ _2\"></span>sere dettagliata come s<span class=\"_ _2\"></span>egu<span class=\"_ _2\"></span>e:<span class=\"_ _1\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneTe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> B<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>ni Im<span class=\"_ _2\"></span>pi<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nti e<span class=\"_ _6\"></span> Altr<span class=\"_ _1\"></span>i be<span class=\"_ _6\"></span>niIm<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob.ni in<span class=\"_ _1\"></span> Inve<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>tim<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>ti TotaleIm<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>obilim<span class=\"_ _1\"></span>acc<span class=\"_ _3\"></span>hi<span class=\"_ _1\"></span>na<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oim<span class=\"_ _1\"></span>mobi<span class=\"_ _2\"></span>lia<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>iV<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lori<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _186\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,0<span class=\"_ _b1\"> </span>24<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _20f\"> </span>6,<span class=\"_ _3\"></span>4<span class=\"_ _14f\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _10a\"> </span>7,<span class=\"_ _3\"></span>0<span class=\"_ _221\"> </span>5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,0Acqu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _80\"> </span>6<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>7<span class=\"_ _19f\"> </span>0,<span class=\"_ _16\"></span>5<span class=\"_ _14f\"> </span>2,<span class=\"_ _1\"></span>0<span class=\"_ _79\"> </span>0,<span class=\"_ _1\"></span>5-6<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>,7Al<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>enaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>/Di<span class=\"_ _1\"></span>sm<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i--<span class=\"_ _78\"> </span>--<span class=\"_ _b1\"> </span>--Am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span><span class=\"fc0\"> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> sval<span class=\"_ _16\"></span>utaz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _eb\"> </span><span class=\"fc1\">(2,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _b1\"> </span>(6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7)<span class=\"_ _62\"> </span>(2<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>)</span></span>-(0<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _15d\"> </span>(10<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>)Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i-0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _14f\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _7d\"> </span>(0,<span class=\"_ _16\"></span>2)--V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lori<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _186\"> </span>7<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,7<span class=\"_ _b1\"> </span>18<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _20f\"> </span>6,<span class=\"_ _3\"></span>5<span class=\"_ _14f\"> </span>0<span class=\"_ _3\"></span>,5<span class=\"_ _10a\"> </span>6,<span class=\"_ _3\"></span>9<span class=\"_ _222\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,9La <span class=\"_ _1\"></span>voce, par<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>ad E<span class=\"_ _2\"></span>uro <span class=\"_ _2\"></span>110,9 <span class=\"_ _16\"></span>m<span class=\"_ _3\"></span>ilioni, <span class=\"_ _1\"></span>presenta <span class=\"_ _1\"></span>un inc<span class=\"_ _2\"></span>remento <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Euro 53,9 <span class=\"_ _16\"></span>milioni <span class=\"_ _2\"></span>rispetto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 d<span class=\"_ _2\"></span>icembre <span class=\"_ _1\"></span>2021. In particolare, <span class=\"_ _2\"></span>la voce inc<span class=\"_ _1\"></span>lud<span class=\"_ _2\"></span>e: terreni <span class=\"_\"> </span>e <span class=\"_\"> </span>be<span class=\"_ _2\"></span>ni <span class=\"_\"> </span>immob<span class=\"_ _2\"></span>ili <span class=\"_\"> </span>per <span class=\"_ _11\"> </span>Euro <span class=\"_\"> </span>78,7 <span class=\"_\"> </span>milioni. <span class=\"_ _11\"> </span>L\u2019incremento <span class=\"_\"> </span>ris<span class=\"_ _2\"></span>petto <span class=\"_\"> </span>a<span class=\"_ _2\"></span>ll\u2019anno <span class=\"_\"> </span>prec<span class=\"_ _2\"></span>edente <span class=\"_\"> </span>\u00e8 <span class=\"_ _11\"> </span>attribuibile prevalentemente <span class=\"_ _2\"></span>all\u2019acqui<span class=\"_ _2\"></span>sto<span class=\"ff21\"> da par</span>te <span class=\"_ _2\"></span>di RCS <span class=\"_ _2\"></span>Mediagroup S.p.A<span class=\"_ _2\"></span>. dell\u2019im<span class=\"_ _2\"></span>mobile e <span class=\"_ _2\"></span>del terreno <span class=\"_ _2\"></span>in Via <span class=\"_ _2\"></span>Solferino a M<span class=\"_ _2\"></span>ilano, <span class=\"_ _1\"></span>sede <span class=\"_ _2\"></span>storica <span class=\"_ _1\"></span>del C<span class=\"_ _2\"></span>orriere <span class=\"_ _2\"></span>della <span class=\"_ _1\"></span>Sera. L<span class=\"_ _1\"></span>a voce <span class=\"_ _1\"></span>include <span class=\"_ _1\"></span>inoltre al<span class=\"_ _2\"></span>tri <span class=\"_ _1\"></span>f<span class=\"_ _3\"></span>abbricati <span class=\"_ _1\"></span>industriali d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> p<span class=\"_ _1\"></span>ropriet\u00e0 (<span class=\"_ _2\"></span>in particolare <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>complesso <span class=\"_ _1\"></span>industriale <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Pessano <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>Bornago) <span class=\"_ _1\"></span>nonch\u00e9 a<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>migliorie <span class=\"_ _16\"></span>realizzate <span class=\"_ _1\"></span>sugli <span class=\"_ _2\"></span>uffici <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Via Rizzoli e Via S<span class=\"_ _2\"></span>olferino e su altri<span class=\"_ _2\"></span> fabbricati indu<span class=\"_ _2\"></span>striali non di p<span class=\"_ _2\"></span>ropriet\u00e0. <span class=\"ff21 fs2 fc0\">impianti <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>macchinari <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>Euro <span class=\"_ _6\"></span>18,3 milioni <span class=\"_ _3\"></span>costituiti <span class=\"_ _3\"></span>principalmente da <span class=\"_ _3\"></span>impianti <span class=\"_ _3\"></span>produttivi <span class=\"_ _6\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _14\"></span>stampa <span class=\"_ _14\"></span>di </span>quotidiani e perio<span class=\"_ _2\"></span>dici; <span class=\"ff21 fs2 fc0\">altri <span class=\"_ _6\"></span>beni <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>6,5 <span class=\"_ _6\"></span>milioni <span class=\"_ _14\"></span>costituiti <span class=\"_ _6\"></span>principal<span class=\"_ _2\"></span>mente <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>server <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span><span class=\"ff24\">l\u2019archiviaz<span class=\"_ _2\"></span>ione<span class=\"ff21\"> <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>dati <span class=\"_ _8\"></span>a <span class=\"_ _7\"></span>sup<span class=\"_ _1\"></span>port<span class=\"_ _2\"></span>o <span class=\"_ _14\"></span>dei </span></span></span>sis<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>mi <span class=\"_ _1\"></span>edito<span class=\"_ _1\"></span>rial<span class=\"_ _2\"></span>i e<span class=\"_ _1\"></span> ges<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ona<span class=\"_ _1\"></span>li, p<span class=\"_ _1\"></span>erson<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> co<span class=\"_ _1\"></span>mput<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>app<span class=\"_ _1\"></span>are<span class=\"_ _2\"></span>cch<span class=\"_ _1\"></span>iatur<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ett<span class=\"_ _1\"></span>ronic<span class=\"_ _2\"></span>he <span class=\"_ _1\"></span>varie e mobili e arred<span class=\"_ _2\"></span>i; <span class=\"ff21 fs2 fc0\">investimenti <span class=\"_ _7\"></span>immobiliari <span class=\"_ _14\"></span>per <span class=\"_ _8\"></span>Euro <span class=\"_ _14\"></span>6,9 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>principalmente <span class=\"_ _7\"></span><span class=\"ls3\">ad</span> <span class=\"_ _8\"></span>edifici <span class=\"_ _14\"></span>industriali al momento non </span>utilizzati presen<span class=\"_ _2\"></span>ti nelle citt\u00e0 di M<span class=\"_ _2\"></span>adrid e Torino. 17. D<span class=\"_ _1\"></span>iritt<span class=\"_ _1\"></span>i d\u2019us<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>su <span class=\"_ _2\"></span>be<span class=\"_ _2\"></span>ni in<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>sin<span class=\"_ _2\"></span>g La<span class=\"ls0\"> <span class=\"_ _14\"></span>voce <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>diritti <span class=\"_ _14\"></span><span class=\"ff24\">d\u2019uso</span> <span class=\"_ _6\"></span>sui <span class=\"_ _6\"></span>beni <span class=\"_ _14\"></span><span class=\"ls6\">in<span class=\"_ _2\"></span><span class=\"ls0\"> <span class=\"_ _14\"></span>affitto<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>iscritti <span class=\"_ _14\"></span><span class=\"ls17\">in</span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>seguito <span class=\"_ _6\"></span><span class=\"ff24\">dell\u2019applicaz<span class=\"_ _2\"></span>io<span class=\"ff21\">ne <span class=\"_ _7\"></span>del <span class=\"_ _8\"></span>principio<span class=\"_ _2\"></span> </span></span></span></span></span>contabile IFRS 16 a p<span class=\"_ _2\"></span>artire dal 1\u00b0 genn<span class=\"_ _2\"></span>aio 2019. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneDir<span class=\"_ _1\"></span>itti d\u2019u<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>oDir<span class=\"_ _1\"></span>itti d\u2019u<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span> Dir<span class=\"_ _1\"></span>itti d\u2019u<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span> Dir<span class=\"_ _1\"></span>itti d\u2019u<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>u Totales<span class=\"_ _6\"></span>u b<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ni im<span class=\"_ _1\"></span>mobi<span class=\"_ _2\"></span>lis<span class=\"_ _6\"></span>u im<span class=\"_ _1\"></span>pia<span class=\"_ _1\"></span>ntis<span class=\"_ _6\"></span>u a<span class=\"_ _1\"></span>ltr<span class=\"_ _2\"></span>i b<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nia<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>ttur<span class=\"_ _1\"></span>eV<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lori<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _223\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,6<span class=\"_ _62\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,1<span class=\"_ _14f\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _21b\"> </span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _222\"> </span>16<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5In<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _224\"> </span>1<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>,8<span class=\"_ _e2\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _14d\"> </span><span class=\"fc1\">-<span class=\"_ _66\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _161\"> </span>20<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0</span>Dec<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _225\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _78\"> </span>-<span class=\"_ _1fe\"> </span>-<span class=\"_ _6e\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>)<span class=\"_ _15d\"> </span>(15<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5)</span>Am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _226\"> </span>(2<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _62\"> </span>(1,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _1ff\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _6e\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>9)<span class=\"_ _15d\"> </span>(2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _16d\"> </span>0,<span class=\"_ _1\"></span>1<span class=\"_ _78\"> </span>-<span class=\"_ _1fe\"> </span>-<span class=\"_ _19c\"> </span>-<span class=\"_ _1c4\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lori<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _223\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,7<span class=\"_ _62\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0<span class=\"_ _14f\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _21b\"> </span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _222\"> </span>14<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4Al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span><span class=\"ff24\">i <span class=\"_ _7\"> </span>di<span class=\"_ _3\"></span>ritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _7\"> </span>sono <span class=\"_ _7\"> </span>pari <span class=\"_ _8\"> </span>a <span class=\"_ _7\"> </span>1</span>46<span class=\"_ _3\"></span>,4 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>in <span class=\"_ _8\"></span><span class=\"ls7\">de</span>cremento <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Euro <span class=\"_ _8\"></span>22,1 <span class=\"_ _7\"></span>milio<span class=\"_ _2\"></span>ni <span class=\"_ _6\"></span>ris<span class=\"_ _2\"></span>pe<span class=\"_ _2\"></span>tto<span class=\"_ _1\"></span> all\u2019<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>no <span class=\"_ _6\"></span>pre<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span>den<span class=\"_ _1\"></span>te. <span class=\"_ _6\"></span><span class=\"ls48\">La</span> <span class=\"_ _14\"></span>varia<span class=\"_ _1\"></span>zione<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _6\"></span>dov<span class=\"_ _2\"></span>uta<span class=\"_ _2\"></span> <span class=\"_ _14\"></span><span class=\"ls3\">ad</span> <span class=\"_ _6\"></span>incre<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>ne<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro<span class=\"_ _2\"></span> <span class=\"_ _6\"></span><span class=\"ls7\">20 <span class=\"_ _8\"></span></span>milioni <span class=\"_ _7\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>rinnovo <span class=\"_ _7\"></span>di <span class=\"_ _8\"></span>alcuni contratti <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>locazione <span class=\"_ _11\"> </span>e <span class=\"_\"> </span>p<span class=\"_ _2\"></span>er <span class=\"_ _11\"> </span>l\u2019adeguamento <span class=\"_ _12\"> </span>dei<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>canoni <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>loca<span class=\"_ _3\"></span>zione <span class=\"_ _11\"> </span>al <span class=\"_\"> </span>tasso <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>in<span class=\"_ _2\"></span>flazione <span class=\"_ _11\"> </span>corrente <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>da decrementi <span class=\"_ _16\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>42,1 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>gli <span class=\"_ _2\"></span>ammortamen<span class=\"_ _2\"></span>ti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>per effe<span class=\"_ _2\"></span>tto <span class=\"_ _1\"></span>dell<span class=\"ff24\">\u2019acquisto <span class=\"_ _16\"></span>da <span class=\"_ _1\"></span>par<span class=\"_ _3\"></span>te <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>RCS <span class=\"_ _1\"></span>Mediagroup </span>S.p.A. dell\u2019immo<span class=\"_ _2\"></span>bile di via Solf<span class=\"_ _2\"></span>erino.<span class=\"ff21\"> <span class=\"_ _1\"></span> </span>Per <span class=\"_ _1\"></span>quanto <span class=\"_ _1\"></span>riguarda <span class=\"_ _1\"></span>l\u2019analisi <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>scadenze <span class=\"_ _1\"></span>delle <span class=\"ff21\">pas<span class=\"_ _2\"></span>sivit\u00e0 <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>contratti <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>leasing <span class=\"_ _16\"></span>si <span class=\"_ _2\"></span>rinvia <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>successiva <span class=\"_ _1\"></span>Nota </span>41. 18. At<span class=\"_ _1\"></span>tivit<span class=\"_ _1\"></span>\u00e0 imma<span class=\"_ _2\"></span>ter<span class=\"_ _1\"></span>iali La movimentaz<span class=\"_ _2\"></span>ione delle i<span class=\"_ _2\"></span>mmobilizzazion<span class=\"_ _2\"></span>i immateriali pu\u00f2 es<span class=\"_ _2\"></span>sere dettagl<span class=\"_ _2\"></span>iata come segu<span class=\"_ _1\"></span>e: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneDir<span class=\"_ _1\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>io<span class=\"_ _3\"></span>niAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>ntoAltr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span> Imm<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>b.n<span class=\"_ _2\"></span>i inTotalete<span class=\"_ _6\"></span>le<span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>is<span class=\"_ _6\"></span>ivilice<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>,<span class=\"_ _3\"></span> ma<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>chiim<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>ria<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _6\"></span> te<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ta<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span> e<span class=\"_ _6\"></span>ditor<span class=\"_ _1\"></span>ial<span class=\"_ _2\"></span>iV<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>1<span class=\"_ _77\"> </span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,6<span class=\"_ _165\"> </span>77<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _74\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _227\"> </span>0,<span class=\"_ _3\"></span>2<span class=\"_ _227\"> </span>8<span class=\"_ _3\"></span>,5<span class=\"_ _228\"> </span>98<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1Acqu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> nette<span class=\"_ _229\"> </span>1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _20f\"> </span>2<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _157\"> </span>0,<span class=\"_ _1\"></span>1<span class=\"_ _20f\"> </span>0<span class=\"_ _1\"></span>,4<span class=\"_ _15c\"> </span>3,<span class=\"_ _1\"></span>6<span class=\"_ _7b\"> </span>3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6Am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>rtam<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sval<span class=\"_ _16\"></span>utaz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _30\"> </span>(1<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>4)<span class=\"_ _114\"> </span>(2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7)<span class=\"_ _21b\"> </span>-<span class=\"_ _114\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _21b\"> </span>-<span class=\"_ _15f\"> </span>(3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4)Al<span class=\"_ _16\"></span>tri<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>enti<span class=\"_ _223\"> </span>1,<span class=\"_ _16\"></span>9<span class=\"_ _191\"> </span>6<span class=\"_ _1\"></span>,4<span class=\"_ _d8\"> </span>-<span class=\"_ _21b\"> </span>-<span class=\"_ _114\"> </span>(8,<span class=\"_ _16\"></span>4)<span class=\"_ _114\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>)V<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>2<span class=\"_ _77\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _165\"> </span>77<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _74\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _227\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _227\"> </span>3<span class=\"_ _3\"></span>,7<span class=\"_ _228\"> </span>99<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2L<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>co<span class=\"_ _1\"></span>mp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>si<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne del<span class=\"_ _1\"></span>le<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>imm<span class=\"_ _1\"></span>ob<span class=\"_ _2\"></span>il<span class=\"_ _1\"></span>izz<span class=\"_ _1\"></span>az<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>imm<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>sul<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ba<span class=\"_ _1\"></span>se<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>de<span class=\"_ _2\"></span>ll<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>s<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span>sse<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pu<span class=\"_ _1\"></span>\u00f2 <span class=\"_ _3\"></span>es<span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>det<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>gl<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span> co<span class=\"_ _1\"></span>me<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e: De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>eDir<span class=\"_ _1\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ioniAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>ntoAltr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> im<span class=\"_ _1\"></span>m. Im<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>b<span class=\"_ _2\"></span>.ni<span class=\"_ _2\"></span> inTotalete<span class=\"_ _6\"></span>le<span class=\"_ _14\"></span>vis<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>ilice<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chiim<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span>alico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>te<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ta<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span> e<span class=\"_ _6\"></span>ditor<span class=\"_ _1\"></span>ial<span class=\"_ _2\"></span>iVi<span class=\"_ _16\"></span>ta <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta<span class=\"_ _22a\"> </span>-<span class=\"_ _32\"> </span>65<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,6<span class=\"_ _163\"> </span>1<span class=\"_ _1\"></span>95<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _e3\"> </span>-<span class=\"_ _217\"> </span>-<span class=\"_ _7b\"> </span>85<span class=\"_ _1\"></span>2,<span class=\"_ _16\"></span>1Vi<span class=\"_ _16\"></span>ta <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> defi<span class=\"_ _16\"></span>ni<span class=\"_ _0\"></span>ta<span class=\"_ _11d\"> </span>15<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _20f\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>9<span class=\"_ _e3\"> </span>-<span class=\"_ _14e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _20e\"> </span>3,<span class=\"_ _1\"></span>7<span class=\"_ _163\"> </span>13<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lor<span class=\"_ _2\"></span>i ne<span class=\"_ _6\"></span>tti a<span class=\"_ _1\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _68\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _71\"> </span>7<span class=\"_ _6\"></span>75<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _65\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _22b\"> </span>0<span class=\"_ _3\"></span>,3<span class=\"_ _22b\"> </span>3<span class=\"_ _3\"></span>,7<span class=\"_ _65\"> </span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2Diri<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i tel<span class=\"_ _2\"></span>ev<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>ivi<span class=\"_ _1\"></span> La <span class=\"_ _15\"> </span>voce<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>\u201cdi<span class=\"_ _2\"></span>ritt<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"_ _8\"></span></span>telev<span class=\"_ _1\"></span>isivi<span class=\"_ _2\"></span>\u201d <span class=\"_ _8\"></span>inclu<span class=\"_ _1\"></span>de <span class=\"_ _15\"> </span>gli <span class=\"_ _8\"></span>inve<span class=\"_ _2\"></span>sti<span class=\"_ _1\"></span>ment<span class=\"_ _2\"></span>i <span class=\"_ _15\"></span>eff<span class=\"_ _2\"></span>ettu<span class=\"_ _1\"></span>ati <span class=\"_ _8\"></span><span class=\"ls7\">da</span> <span class=\"_ _12\"> </span>La7<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>S.<span class=\"_ _2\"></span>p.A<span class=\"_ _1\"></span>. <span class=\"_ _15\"> </span><span class=\"ls17\">in</span> <span class=\"_ _12\"> </span>dirit<span class=\"_ _1\"></span>ti <span class=\"_ _15\"> </span>plur<span class=\"_ _1\"></span>ienn<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i <span class=\"_ _12\"> </span>(di <span class=\"_ _11\"> </span>durata superiore a <span class=\"_ _2\"></span>12 <span class=\"_ _2\"></span>mesi) di <span class=\"_ _1\"></span>utilizzazione telev<span class=\"_ _2\"></span>isiva d<span class=\"_ _2\"></span>i film, <span class=\"_ _1\"></span>serie e telefilm <span class=\"_ _2\"></span>nonch\u00e9 g<span class=\"_ _1\"></span>li <span class=\"_ _3\"></span>investimenti <span class=\"_ _16\"></span>da <span class=\"_ _16\"></span>parte <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ls31\">RCS<span class=\"ls0\"> </span></span></span></span>in <span class=\"_ _16\"></span>diritti <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span>opere <span class=\"_ _16\"></span>audiovisive <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>produzioni <span class=\"_ _16\"></span>esecutive <span class=\"_ _16\"></span>trasmesse sui canali s<span class=\"_ _2\"></span>atellitari Caccia e Pesc<span class=\"_ _2\"></span>a. Conc<span class=\"_ _1\"></span>essi<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span>, <span class=\"_ _1\"></span>licen<span class=\"_ _1\"></span>ze,<span class=\"_ _2\"></span> mar<span class=\"_ _1\"></span>chi e <span class=\"_ _2\"></span>te<span class=\"_ _1\"></span>state<span class=\"_ _1\"></span> edit<span class=\"_ _1\"></span>oriali<span class=\"_ _1\"></span> La<span class=\"ls0\"> voce concessio<span class=\"_ _2\"></span>ni, licenze, march<span class=\"_ _2\"></span>i e testate al 3<span class=\"_ _2\"></span>1 dicembre 2022 inclu<span class=\"_ _2\"></span>de pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>alm<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>te: </span><span class=\"ff21 fs2 fc0 ls65\">il<span class=\"ls0\"> <span class=\"_ _6\"></span><span class=\"ff26\">f<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ff21\">at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ib<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>rc<span class=\"_ _2\"></span>h<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>a vit<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ind<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls1\">348,8</span> <span class=\"_ _3\"></span>mil<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i <span class=\"_ _14\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a tes<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>te<span class=\"_ _16\"></span> </span></span></span></span>qu<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>an<span class=\"_ _2\"></span>e sp<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>nol<span class=\"_ _1\"></span>e a vi<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ind<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>per<span class=\"_ _2\"></span> Euro <span class=\"ls7\">295,2</span> milio<span class=\"_ _1\"></span>ni. <span class=\"ls66\">RCS</span> <span class=\"_ _3\"></span>edi<span class=\"_ _2\"></span>ta <span class=\"ls17\">in</span> <span class=\"_ _3\"></span>Ita<span class=\"_ _1\"></span>lia i quoti<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>ian<span class=\"_ _2\"></span>i <span class=\"ff26\">Corr<span class=\"_ _1\"></span>iere del<span class=\"_ _1\"></span>la </span>Ser<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span><span class=\"ff21\">e <span class=\"_ _16\"></span><span class=\"ff26 ls60\">La<span class=\"ls0\"> <span class=\"_ _16\"></span>Gaz<span class=\"_ _2\"></span>zett<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>dell<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>Sp<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>t <span class=\"_ _16\"></span><span class=\"ff21\">e <span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _16\"></span>S<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>qu<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ff26\">E<span class=\"_ _2\"></span>l <span class=\"_ _16\"></span>M<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o<span class=\"ff21 ls67\">, <span class=\"_ _1\"></span><span class=\"ff26 ls0\">M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>a <span class=\"_ _16\"></span><span class=\"ff21\">e<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span><span class=\"ff26\">Ex<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>an<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>. <span class=\"_ _16\"></span><span class=\"ff21\">Ne<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>20<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o </span></span></span></span></span></span></span></span></span></span>n<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>Re<span class=\"_ _16\"></span>la<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>gl<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span><span class=\"ff26\">Co<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>S<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span><span class=\"ff21 ls67\">, <span class=\"ff26 ls0\">L<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>G<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>de<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>lo<span class=\"_ _16\"></span> <span class=\"_ _16\"></span>Sp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"ff21 ls67\">, <span class=\"_ _16\"></span><span class=\"ff26 ls0\">Ma<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _16\"></span><span class=\"ff21 ls4\">ed<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ff26\">Expansi\u00f3n </span></span></span></span></span></span></span></span>hanno <span class=\"_ _16\"></span>confermato <span class=\"_ _16\"></span><span class=\"ls17\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>loro <span class=\"_ _16\"></span>leadership <span class=\"_ _1\"></span>nei <span class=\"_ _16\"></span>segmenti <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>riferimento; </span></span><span class=\"ff21 fs2 fc0 ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">attribuito, <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>netto <span class=\"_ _1\"></span>degli <span class=\"_ _16\"></span>ammortamenti <span class=\"_ _1\"></span>cumulati <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>marchi e <span class=\"_ _1\"></span>testate <span class=\"_ _1\"></span>periodiche </span></span></span></span></span></span></span></span>italiane a vita <span class=\"_ _3\"></span>utile definita per Euro 42,4 milioni e <span class=\"_ _3\"></span>a testate periodiche spagnole <span class=\"_ _3\"></span>a vita <span class=\"_ _3\"></span>utile <span class=\"_ _3\"></span>definita per <span class=\"_ _3\"></span>Euro 10,5 milioni; gli <span class=\"_ _7\"></span>inve<span class=\"_ _2\"></span>sti<span class=\"_ _1\"></span>ment<span class=\"_ _2\"></span>i <span class=\"_ _8\"></span>sos<span class=\"_ _1\"></span>tenu<span class=\"_ _2\"></span>ti <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019ac<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>zio<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span> <span class=\"_ _8\"></span><span class=\"ls7\">di</span> <span class=\"_ _8\"></span>licen<span class=\"_ _1\"></span>ze <span class=\"_ _7\"></span>telev<span class=\"_ _2\"></span>isiv<span class=\"_ _1\"></span>e <span class=\"_ _8\"></span>(Ve<span class=\"_ _2\"></span>o <span class=\"_ _8\"></span>Tel<span class=\"_ _2\"></span>ev<span class=\"_ _1\"></span>ision<span class=\"_ _1\"></span>) <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>radi<span class=\"_ _2\"></span>of<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>ich<span class=\"_ _2\"></span>e <span class=\"_ _12\"> </span>(Radio <span class=\"_ _11\"> </span>de Aragon<span class=\"ff21\">) valutat<span class=\"_ _2\"></span>i a vita utile inde<span class=\"_ _2\"></span>finita (Euro 1<span class=\"_ _2\"></span>2,6 milioni); </span><span class=\"ff21 fs2 fc0\">i <span class=\"_ _16\"></span>diritti <span class=\"_ _16\"></span><span class=\"ff24\">d\u2019uso<span class=\"ff21\"> <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _16\"></span>frequenze <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>banda <span class=\"_ _16\"></span>televisiva <span class=\"_ _0\"></span>per <span class=\"_ _16\"></span>sistemi <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>radiodiffusion<span class=\"_ _2\"></span>e <span class=\"_ _16\"></span>digitale <span class=\"_ _0\"></span>terrestre <span class=\"_ _1\"></span>(Euro <span class=\"_ _1\"></span>29,3 <span class=\"_ _16\"></span>milioni) </span></span></span></span></span></span></span>della societ\u00e0 Cai<span class=\"_ _2\"></span>ro Network. <span class=\"ff21 fc0\">altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immateriali <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>Euro <span class=\"_ _6\"></span>36,7 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>costituite <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>dagli <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>sostenuti <span class=\"_ _3\"></span>per <span class=\"_ _6\"></span>lo <span class=\"_ _3\"></span>sviluppo </span>in <span class=\"_ _6\"></span>Italia <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Spagna <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>siti <span class=\"_ _6\"></span>internet <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>nuovi <span class=\"_ _3\"></span>pr<span class=\"_ _3\"></span>ogetti <span class=\"_ _3\"></span>web, <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>cui<span class=\"_ _6\"></span> <span class=\"_ _a1\"> </span>i <span class=\"_ _6\"></span>nuovi <span class=\"_ _6\"></span>progetti <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>digital <span class=\"_ _6\"></span>advertising <span class=\"_ _6\"></span>del Gruppo RCS, o<span class=\"_ _2\"></span>ltre che per il po<span class=\"_ _2\"></span>tenziamento delle in<span class=\"_ _2\"></span>frastrutture de<span class=\"_ _2\"></span>l Gruppo. I marchi e <span class=\"_ _3\"></span>testate a <span class=\"_ _3\"></span>vita utile indefinita non sono soggetti <span class=\"_ _3\"></span>ad ammortamento e sono periodicamente<span class=\"_ _3\"></span> sottoposti a tes<span class=\"_ _2\"></span>t <span class=\"ls7\">di</span> <span class=\"ff26\">impa<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>rment <span class=\"_ _1\"></span><span class=\"ff21\">mentre i <span class=\"_ _1\"></span>marchi e <span class=\"_ _1\"></span>testate <span class=\"_ _2\"></span>a vi<span class=\"_ _2\"></span>ta u<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ile <span class=\"_ _2\"></span>definita <span class=\"_ _2\"></span>sono sottopo<span class=\"_ _1\"></span>sti al processo <span class=\"_ _1\"></span>di ammortam<span class=\"_ _2\"></span>ento </span></span>secondo <span class=\"_ _6\"></span>la <span class=\"_ _3\"></span>durata <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>vita <span class=\"_ _3\"></span>ut<span class=\"_ _3\"></span>ile <span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>essi <span class=\"_ _3\"></span>assegnata <span class=\"_ _6\"></span>(30 <span class=\"_ _3\"></span>anni) <span class=\"_ _6\"></span>e, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>presenza <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>indicatori <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>perdita <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore,<span class=\"_ _2\"></span> assoggettati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>test <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span><span class=\"ff26\">impairment <span class=\"_ _6\"></span><span class=\"ff24\">volto <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valutare <span class=\"_ _6\"></span>l\u2019eventuale <span class=\"_ _6\"></span>esistenza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>va<span class=\"_ _3\"></span></span></span>lore <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valore rec<span class=\"_ _2\"></span>upe<span class=\"_ _1\"></span>rabi<span class=\"_ _2\"></span>le.<span class=\"_ _1\"></span> Avv<span class=\"_ _2\"></span>iam<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> La voce, pari a Euro 1<span class=\"_ _2\"></span>95,5 milioni, i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ud<span class=\"_ _2\"></span>e:<span class=\"_ _1\"></span> per <span class=\"_ _8\"></span>Euro <span class=\"_ _8\"></span>per <span class=\"_ _15\"></span>Euro <span class=\"_ _7\"></span>188,<span class=\"_ _3\"></span>3 <span class=\"_ _8\"></span><span class=\"ff24\">l\u2019avviamento <span class=\"_ _7\"> </span>derivante <span class=\"_ _8\"> </span>dalla <span class=\"_ _8\"> </span><span class=\"ff26\">busi<span class=\"_ _3\"></span>ness <span class=\"_ _7\"></span>combination <span class=\"_ _8\"></span></span></span>del <span class=\"_ _8\"></span>Gruppo <span class=\"_ _15\"></span>RCS <span class=\"_ _7\"></span>che <span class=\"_ _8\"></span>\u00e8 <span class=\"_ _15\"></span>stato determinato <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>residuale <span class=\"_ _16\"></span>della <span class=\"_ _1\"></span>differenza <span class=\"_ _16\"></span>tra <span class=\"_ _1\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>della <span class=\"_ _16\"></span>operazione <span class=\"_ _1\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>patrimonio <span class=\"_ _1\"></span>netto <span class=\"_ _16\"></span>acquisito, </span></span></span></span></span></span>dopo <span class=\"_ _14\"></span>avere <span class=\"_ _6\"></span>espresso <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _14\"></span></span>tutte <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>passivit\u00e0 <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>operaz<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>ed <span class=\"_ _14\"></span>allocato <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>Gruppo RCS<span class=\"ls0\"> nel <span class=\"_ _2\"></span>suo co<span class=\"_ _2\"></span>mplesso. </span><span class=\"ff21 fc0\">per<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ls7\">7,1<span class=\"ls0\"> <span class=\"_ _16\"></span>mil<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>gli<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>avvi<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>i <span class=\"_ _16\"></span>rico<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>uci<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _16\"></span><span class=\"ff26\">cash<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>gen<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g <span class=\"_ _0\"></span>uni<span class=\"_ _2\"></span>t <span class=\"_ _16\"></span><span class=\"ff21\">(CG<span class=\"_ _1\"></span>U) <span class=\"_ _16\"></span>rap<span class=\"_ _1\"></span>prese<span class=\"_ _2\"></span>nta<span class=\"_ _1\"></span>te dal sett<span class=\"_ _2\"></span>ore </span></span></span></span></span>editoriale periodi<span class=\"_ _2\"></span>ci di Cairo Edito<span class=\"_ _2\"></span>re, al settore c<span class=\"_ _2\"></span>oncessionarie e a I<span class=\"_ _2\"></span>l Trovatore. A<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _15\"></span>sensi <span class=\"_ _15\"> </span>dello <span class=\"_ _15\"></span>IAS <span class=\"_ _8\"></span>36 <span class=\"_ _15\"> </span>gli avviamenti <span class=\"_ _8\"></span>vengono <span class=\"_ _15\"> </span>almeno <span class=\"_ _8\"></span>annualmente <span class=\"_ _15\"></span>sottoposti <span class=\"_ _8\"></span>a <span class=\"_ _15\"> </span>test <span class=\"_ _15\"> </span>di <span class=\"ff26\">impairment </span>c<span class=\"_ _2\"></span>on le modalit\u00e0 <span class=\"_ _2\"></span>commentate nel<span class=\"_ _2\"></span> paragrafo dedicato <span class=\"_ _2\"></span>al proce<span class=\"_ _2\"></span>sso di impairment te<span class=\"_ _1\"></span>st. Imm<span class=\"_ _1\"></span>obiliz<span class=\"_ _1\"></span>zazi<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span> in<span class=\"_ _1\"></span> cor<span class=\"_ _2\"></span>so<span class=\"_ _1\"></span> <span class=\"ff21 fc0\">La <span class=\"_ _6\"></span>vo<span class=\"ff24\">ce <span class=\"_ _6\"></span>\u201cimmobi<span class=\"_ _2\"></span>lizzazioni <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>corso\u201d <span class=\"_ _3\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span><span class=\"ff21\">3,7 <span class=\"_ _6\"></span>milioni <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>diritti <span class=\"_ _6\"></span>tele<span class=\"_ _2\"></span>visivi <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>verranno <span class=\"_ _3\"></span>sfruttati </span></span></span>negli <span class=\"_ _6\"></span>esercizi <span class=\"_ _6\"></span>futuri <span class=\"_ _6\"></span>nonch\u00e9 <span class=\"_ _3\"></span>i <span class=\"_ _14\"></span>costi <span class=\"_ _6\"></span>sostenuti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls6\">lo</span> <span class=\"_ _6\"></span>sviluppo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>progetti <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>ambito <span class=\"_ _6\"></span><span class=\"ff26\">information <span class=\"_ _14\"></span>technology <span class=\"_ _6\"></span></span>in attesa di entrare i<span class=\"_ _2\"></span>n funziona<span class=\"_ _2\"></span>mento. Imp<span class=\"_ _1\"></span>airme<span class=\"_ _2\"></span>nt <span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>st Ai <span class=\"_ _2\"></span>sensi de<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>lo I<span class=\"_ _2\"></span>AS <span class=\"_ _2\"></span>36 <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>immaterial<span class=\"_ _2\"></span>i a <span class=\"_ _1\"></span>vita utile <span class=\"_ _1\"></span>indefinita, <span class=\"_ _2\"></span>l\u2019avviamen<span class=\"_ _2\"></span>to e <span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>immobilizzazion<span class=\"_ _2\"></span>i <span class=\"ff21\">in corso<span class=\"_ _2\"></span> </span>non vengono ammortizzati, ma <span class=\"_ _3\"></span>sottoposti alla verifica del <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>recup<span class=\"_ _1\"></span>erab<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>(<span class=\"ff26\">imp<span class=\"_ _1\"></span>airm<span class=\"_ _1\"></span>ent <span class=\"_ _1\"></span>test<span class=\"_ _2\"></span><span class=\"ff21\">) <span class=\"_ _1\"></span><span class=\"ls7\">ogni<span class=\"ls0\"> qu<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>vo<span class=\"_ _2\"></span>lt<span class=\"_ _2\"></span>a </span></span></span></span>si<span class=\"ls0\"> <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _16\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>pre<span class=\"_ _2\"></span>sen<span class=\"_ _1\"></span>za <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>fatt<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>cir<span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>stanz<span class=\"_ _2\"></span>e <span class=\"_ _16\"></span>che<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>poss<span class=\"_ _1\"></span>ono <span class=\"_ _1\"></span>far presume<span class=\"_ _2\"></span>re un <span class=\"_ _2\"></span>rischio d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> perd<span class=\"_ _2\"></span>ita <span class=\"_ _2\"></span>di valore <span class=\"_ _2\"></span>e, <span class=\"_ _2\"></span>comunque, <span class=\"_ _2\"></span>con </span></span></span></span></span>cadenza <span class=\"_\"> </span>almeno <span class=\"_\"> </span>annua<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e. <span class=\"_ _1c\"> </span>La <span class=\"_\"> </span>recuperab<span class=\"_ _2\"></span>ilit\u00e0 <span class=\"_\"> </span>del <span class=\"_\"> </span>valore <span class=\"_\"> </span>de<span class=\"_ _2\"></span>lle <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>a <span class=\"_\"> </span>v<span class=\"_ _2\"></span>ita <span class=\"_\"> </span>utile <span class=\"_\"> </span>def<span class=\"_ _2\"></span>inita, <span class=\"_\"> </span>sottoposte <span class=\"_\"> </span>a<span class=\"_ _1\"></span>d ammortamento <span class=\"_ _14\"></span>sulla base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>loro vita <span class=\"_ _3\"></span>utile, <span class=\"_ _3\"></span>viene accertata <span class=\"_ _3\"></span><span class=\"ls17\">in</span> <span class=\"_ _3\"></span>presenza <span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>indicatori che <span class=\"_ _3\"></span>facciano supporre l\u2019esistenza di un <span class=\"_ _2\"></span>rischio di <span class=\"_ _2\"></span>perdita di valore.<span class=\"ff21\"> </span>Di <span class=\"_ _11\"> </span>seguito <span class=\"_\"> </span>vengono <span class=\"_ _12\"> </span>elencate <span class=\"_ _11\"> </span><span class=\"ls6\">le</span> <span class=\"_ _11\"> </span>attivit\u00e0 <span class=\"_ _11\"> </span>a <span class=\"_\"> </span>v<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ta <span class=\"_ _11\"> </span>utile <span class=\"_ _11\"> </span>indefinita, <span class=\"_ _11\"> </span>iscritte <span class=\"_ _11\"> </span>nel <span class=\"_\"> </span>bi<span class=\"_ _2\"></span>lancio <span class=\"_ _11\"> </span>consolidato <span class=\"_\"> </span>di <span class=\"_\"> </span>Cairo Communication<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>dalla <span class=\"_ _14\"></span><span class=\"ff26\">business <span class=\"_ _3\"></span>combination <span class=\"_ _6\"></span></span>del <span class=\"_ _14\"></span>Gruppo <span class=\"_ _3\"></span>RCS, <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>son<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>state <span class=\"_ _6\"></span>assoggettate <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span><span class=\"ff26\">test <span class=\"_ _6\"></span>di </span>impairment <span class=\"ff21\">al 31 di<span class=\"_ _2\"></span>cembre 2022: </span><span class=\"ff21 fs2 fc0\">testate quotidiane italiane riconducibili ai sistemi <span class=\"_ _3\"></span><span class=\"ff26\">Corriere della Sera</span> <span class=\"ls4\">e <span class=\"_ _3\"></span></span><span class=\"ff26\">La Gazzetta dello <span class=\"_ _3\"></span>Sport</span>, eventi (e <span class=\"_ _3\"></span>siti </span>online e marchi a <span class=\"_ _2\"></span>essi corre<span class=\"_ _2\"></span>lati), <span class=\"_ _2\"></span>is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>itt<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>pe<span class=\"_ _2\"></span>r <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>ess<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>E<span class=\"_ _2\"></span>ur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span><span class=\"ls1\">348,8<span class=\"ls0\"> mi<span class=\"_ _1\"></span>lio<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span>; </span></span><span class=\"ff21 fs2 fc0\">testate <span class=\"_ _14\"></span>quotidiane <span class=\"_ _14\"></span>spagnole <span class=\"_ _14\"></span>riconducib<span class=\"_ _2\"></span>ili <span class=\"_ _14\"></span>ai <span class=\"_ _7\"></span>sistemi <span class=\"_ _14\"></span><span class=\"ff26\">El <span class=\"_ _14\"></span>Mundo</span>, <span class=\"_ _7\"></span><span class=\"ff26\">Marca <span class=\"_ _14\"></span></span><span class=\"ls4\">e <span class=\"_ _14\"></span></span><span class=\"ff26\">Expansion, <span class=\"_ _14\"></span></span>iscritte <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>complessivi </span>Euro 295,2 milion<span class=\"_ _2\"></span>i; <span class=\"ff21 fs2 fc0\">alcune licenz<span class=\"_ _2\"></span>e televisive e<span class=\"_ _2\"></span> radiofoniche is<span class=\"_ _2\"></span>critte per compl<span class=\"_ _2\"></span>essivi Euro 12,<span class=\"_ _2\"></span>6 mil<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span>i; </span><span class=\"ff24 fs2 fc0\">l\u2019avviamento<span class=\"ff21\"> <span class=\"_ _7\"></span>derivante <span class=\"_ _7\"></span>dalla <span class=\"_ _8\"></span><span class=\"ff26\">business <span class=\"_ _7\"></span>combination <span class=\"_ _7\"></span></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _8\"></span>RCS, <span class=\"_ _7\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _8\"></span>Euro <span class=\"_ _8\"></span>188,3 <span class=\"_ _1\"></span>milioni, <span class=\"_ _2\"></span>che <span class=\"_ _1\"></span>\u00e8 s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ato </span></span>allocato a fini d<span class=\"_ _2\"></span>i <span class=\"ff26\">impairment </span>al G<span class=\"_ _2\"></span>ruppo RCS nel suo c<span class=\"_ _2\"></span>omplesso.<span class=\"_ _2\"></span> Il valore recupera<span class=\"_ _2\"></span>bile dei march<span class=\"_ _2\"></span>i <span class=\"ls4\">e </span><span class=\"ff24\">testate e dell\u2019avvi<span class=\"_ _2\"></span>amento deri<span class=\"_ _2\"></span>vante dalla <span class=\"ff26\">business comb<span class=\"_ _2\"></span>ination <span class=\"ff21\">del Grupp<span class=\"_ _2\"></span>o </span></span></span>RCS \u00e8 stato deter<span class=\"_ _2\"></span>minato, con il supp<span class=\"_ _1\"></span>orto di un esperto indipendent<span class=\"_ _2\"></span>e. Il <span class=\"_ _16\"></span>valore <span class=\"_ _16\"></span>recuperabile <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>licenze <span class=\"_ _16\"></span>televisive <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>radiofoniche <span class=\"_ _16\"></span>spagnole <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _16\"></span>stato <span class=\"_ _16\"></span>verificato <span class=\"_ _16\"></span>avvalendosi <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>analisi predisposte da<span class=\"_ _2\"></span>lla societ\u00e0 controllat<span class=\"_ _2\"></span>a RCS. Gli <span class=\"_ _14\"></span><span class=\"ff26\">impairment <span class=\"_ _14\"></span>test</span>, <span class=\"_ _14\"></span>svolti <span class=\"_ _6\"></span>con <span class=\"_ _7\"></span>il <span class=\"_ _14\"></span>supporto <span class=\"_ _14\"></span><span class=\"ff24\">dell\u2019esperto <span class=\"_ _6\"></span>indi<span class=\"_ _3\"></span>pendente, <span class=\"_ _14\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _14\"></span>effettuati <span class=\"_ _14\"></span>sia <span class=\"_ _14\"></span>attraverso <span class=\"_ _14\"></span>una </span>valutazione in <span class=\"_ _3\"></span>continuit\u00e0 con il<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>passato (approccio ante IFRS 16) <span class=\"_ _3\"></span>si<span class=\"_ _3\"></span>a con<span class=\"_ _3\"></span> <span class=\"_\"> </span>una valutazione che ha <span class=\"_ _3\"></span>considerato gli effetti dell<span class=\"_ _2\"></span>\u2019applicazione del p<span class=\"_ _2\"></span>rincipio IFRS 16 s<span class=\"_ _2\"></span>ui parametri r<span class=\"_ _2\"></span>ilevanti ai <span class=\"ff21\">fini di <span class=\"ff26\">impairment</span>.<span class=\"_ _2\"></span> </span>Per la valutazione \u201cante IFRS 16\u201d il capitale investito non tiene conto dei diritti d\u2019uso su contra<span class=\"_ _2\"></span>tti<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"ls7\">di</span> <span class=\"_ _1\"></span>leasing <span class=\"_ _1\"></span>e </span>coerentemente i <span class=\"_ _6\"></span>flussi <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>cassa <span class=\"_ _3\"></span>previsti <span class=\"_ _3\"></span>utilizzati <span class=\"_ _3\"></span>per <span class=\"_ _6\"></span><span class=\"ls17\">il</span> <span class=\"_ _3\"></span>calcolo <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>recuperabile <span class=\"_ _14\"></span>includono <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>costo <span class=\"_ _14\"></span>per canoni. <span class=\"_ _14\"></span><span class=\"ls8\">Il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>WACC <span class=\"_ _3\"></span>applicato <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span><span class=\"ff24\">l\u2019attualizzazione</span> <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>flussi, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _6\"></span>determina<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span><span class=\"ls3\">al</span> <span class=\"_ _3\"></span>netto <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>sopracitati <span class=\"_ _6\"></span>effetti IFRS 16, omogenea<span class=\"_ _2\"></span>mente a quant<span class=\"_ _2\"></span>o fatto al 31 d<span class=\"_ _2\"></span>icembre 2021. In particolare, <span class=\"_ _2\"></span>il valore recuperabile \u00e8 sta<span class=\"_ _2\"></span>to determinato nel modo s<span class=\"_ _1\"></span>eguen<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span>: <span class=\"ff21 fs2 fc0\">per <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>marchi<span class=\"_ _1\"></span> <span class=\"ls3\">e </span>tes<span class=\"_ _2\"></span>tate<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>itali<span class=\"_ _1\"></span>ani <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>per <span class=\"_ _16\"></span><span class=\"ff24\">l\u2019av<span class=\"_ _2\"></span>via<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>to<span class=\"ff21\"> <span class=\"_ _16\"></span>der<span class=\"_ _1\"></span>ivan<span class=\"_ _2\"></span>ti <span class=\"_ _16\"></span>dal<span class=\"_ _2\"></span>la <span class=\"_ _16\"></span><span class=\"ff26\">bus<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>ss <span class=\"_ _16\"></span>com<span class=\"_ _1\"></span>binat<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span> <span class=\"ff21\">del <span class=\"_ _2\"></span>Gruppo <span class=\"_ _1\"></span>RCS, <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>flussi <span class=\"_ _2\"></span>di </span></span></span></span></span>cassa <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>st<span class=\"_ _3\"></span>ati <span class=\"_ _1\"></span>desunti <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>bas<span class=\"_ _3\"></span>e delle p<span class=\"_ _2\"></span>revisioni <span class=\"_ _2\"></span>rivenienti <span class=\"_ _2\"></span>dal Piano 2023-<span class=\"_ _2\"></span>2025 del <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>(approvato dal Consiglio di A<span class=\"_ _2\"></span>mministrazion<span class=\"_ _2\"></span>e di RCS in dat<span class=\"_ _2\"></span>a 10 marzo 2023<span class=\"ls8\">).</span> I <span class=\"_ _6\"></span>fl<span class=\"_ _3\"></span>ussi <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>cassa, <span class=\"_ _6\"></span>conformemente <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>disposizioni <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>principio <span class=\"_ _6\"></span>IAS <span class=\"_ _6\"></span>36, <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>stati <span class=\"_ _6\"></span>proiettati <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>fini <span class=\"_ _6\"></span>valutativi costanti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>termini <span class=\"_ _3\"></span>nominali <span class=\"_ _3\"></span>(tasso <span class=\"_ _6\"></span>di cr<span class=\"_ _3\"></span>escita <span class=\"_ _3\"></span>g <span class=\"_ _3\"></span>= <span class=\"_ _6\"></span>0). Tali<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>qui<span class=\"_ _3\"></span>ndi att<span class=\"_ _3\"></span>ualizzati sulla <span class=\"_ _6\"></span>base di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>un tasso <span class=\"_ _3\"></span>definito <span class=\"_ _6\"></span>quale <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>ponderato del <span class=\"_ _3\"></span>capitale WACC <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span><span class=\"ls3\">al<span class=\"ff24 ls17\">l\u2019<span class=\"_ _3\"></span></span></span> <span class=\"_ _3\"></span>8,64% <span class=\"_ _3\"></span>(7,44% <span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 2021) per i <span class=\"_ _3\"></span>marchi <span class=\"_ _3\"></span><span class=\"ls4\">e <span class=\"_ _3\"></span></span>testate <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ff24 ls0\">l\u20198,73<span class=\"ff21\">% <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019avviamento<span class=\"ff21\"> <span class=\"_ _1\"></span>(7,64%% <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> 31<span class=\"_ _1\"></span> dice<span class=\"_ _2\"></span>mbre <span class=\"_ _1\"></span>2021). <span class=\"_ _3\"></span>Si <span class=\"_ _3\"></span>segnala <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>di </span></span></span></span></span></span></span>bilancio <span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>capitalizzazion<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>RCS <span class=\"_ _3\"></span>risulta <span class=\"_ _6\"></span>inferiore <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>contabile <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>ncluso <span class=\"_ _3\"></span>nel<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>bilancio consolidato. I <span class=\"_ _14\"></span>valori <span class=\"_ _7\"> </span>ottenuti <span class=\"_ _7\"> </span>sono <span class=\"_ _7\"></span>stati <span class=\"_ _14\"></span>sottoposti <span class=\"_ _7\"></span>ad <span class=\"_ _7\"></span>un\u2019analisi <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>sensitivit\u00e0, <span class=\"_ _7\"></span>facendo <span class=\"_ _7\"></span>variare<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _7\"></span>tasso <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>attualizzazione (<span class=\"ff26\">WACC</span>) e il tasso di crescita del valore finale (g), con variaz<span class=\"_ _2\"></span>ioni discrete di 50 <span class=\"ff26\">basis <span class=\"_ _2\"></span>points<span class=\"ff21\">, <span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>ducendo, <span class=\"_ _1\"></span>cos\u00ec </span></span>come <span class=\"_ _2\"></span>suggerito <span class=\"_ _1\"></span><span class=\"ff24\">dall\u2019ESMA,<span class=\"ff21\"> <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>valori <span class=\"_ _1\"></span><span class=\"ff24\">dell\u2019Ebitda,<span class=\"ff21\"> p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>evisti <span class=\"_ _1\"></span>nel periodo e ricompre<span class=\"_ _2\"></span>si nel valore fin<span class=\"_ _2\"></span>ale, del -10%. </span></span></span></span>In nessuno degli scena<span class=\"_ _2\"></span>ri sopra considerati <span class=\"_ _2\"></span>si evidenzia<span class=\"_ _2\"></span>no perdite di valo<span class=\"_ _1\"></span>re.<span class=\"_ _2\"></span> Inoltre, <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>considerazione <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>situazione <span class=\"_ _3\"></span>globale <span class=\"_ _6\"></span>caratterizza<span class=\"_ _2\"></span>ta <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>permanere <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>conflitto <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>Ucraina <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>del conseguente <span class=\"_ _14\"></span>contesto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>generale <span class=\"_ _7\"></span>incertezza, <span class=\"_ _14\"></span>sono <span class=\"_ _7\"></span>state <span class=\"_ _14\"></span>condotte <span class=\"_ _7\"></span>anche <span class=\"_ _7\"></span>analisi <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>sensitivit\u00e0 <span class=\"_ _7\"></span>maggiormente<span class=\"_ _2\"></span> conservative <span class=\"_ _6\"></span>(<span class=\"_ _3\"></span>stress <span class=\"_ _14\"></span>test) <span class=\"_ _14\"></span><span class=\"ff24\">\u2013</span> <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>termini <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>riduzione <span class=\"_ _14\"></span>dei<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>flus<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls7\">di</span> <span class=\"_ _3\"></span><span class=\"ls3\">cassa</span> <span class=\"_ _3\"></span><span class=\"ff24\">\u2013</span> <span class=\"_ _3\"></span><span class=\"ls49\">al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>fine<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls7\">di</span> <span class=\"_ _3\"></span>ve<span class=\"_ _2\"></span>rifi<span class=\"_ _1\"></span>care<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls17\">la</span> sosten<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _3\"></span>de<span class=\"_ _2\"></span>l val<span class=\"_ _2\"></span>ore<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>caric<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff24\">dell<span class=\"_ _1\"></span>\u2019avvi<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span><span class=\"ff21\"> <span class=\"_ _1\"></span>e <span class=\"_ _16\"></span>dei <span class=\"_ _1\"></span>marchi <span class=\"ls4\">e </span>testa<span class=\"_ _2\"></span>te. <span class=\"_ _16\"></span><span class=\"ls8\">In<span class=\"ls0\"> <span class=\"_ _1\"></span>particolare, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _1\"></span>stato <span class=\"_ _16\"></span>ipotizzato <span class=\"_ _16\"></span>anche <span class=\"_ _16\"></span>uno <span class=\"_ _16\"></span>scenario <span class=\"_ _16\"></span>volto </span></span></span></span></span></span>a <span class=\"_ _1\"></span>determinare <span class=\"_ _1\"></span>quale debba <span class=\"_ _3\"></span>esse <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span><span class=\"ff24\">riduzione <span class=\"_ _3\"></span>dell\u2019Ebitda di <span class=\"_ _3\"></span>Piano <span class=\"_ _3\"></span>(lineare ed <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>perpetuo) al <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>ricondurre</span>il <span class=\"_ _14\"></span>valore <span class=\"_ _6\"></span>d\u2019<span class=\"_ _3\"></span>uso <span class=\"_ _14\"></span>al <span class=\"_ _14\"></span>valo<span class=\"_ _2\"></span>re <span class=\"_ _14\"></span>d\u2019iscrizione <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>tali <span class=\"_ _14\"></span>attivit\u00e0. <span class=\"_ _6\"></span>Anche <span class=\"_ _14\"></span>tale <span class=\"_ _14\"></span>analisi <span class=\"_ _14\"></span>ha <span class=\"_ _14\"></span>confer<span class=\"_ _2\"></span>mato <span class=\"_ _14\"></span>la <span class=\"_ _14\"></span>ragionevole<span class=\"_ _2\"></span>zza <span class=\"_ _14\"></span>dei risultati ottenut<span class=\"_ _2\"></span>i. <span class=\"ff21 fs2 fc0\">per <span class=\"_ _3\"></span>le <span class=\"_ _8\"></span>testate <span class=\"_ _3\"></span>quotidiane <span class=\"_ _3\"></span>spagnole <span class=\"_ _3\"></span><span class=\"ff26 ls48\">El<span class=\"ls0\"> <span class=\"_ _6\"></span>Mundo</span></span>, <span class=\"ff26\">Marca</span> <span class=\"_ _3\"></span><span class=\"ls3\">ed<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span><span class=\"ff26\">Expansion</span>, <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>cassa <span class=\"_ _6\"></span>previsionali </span>2023-2027 <span class=\"_ _1c\"> </span>sviluppati <span class=\"_ _1c\"> </span>sulla <span class=\"_ _147\"> </span>base <span class=\"_ _1c\"> </span>del <span class=\"_ _147\"> </span>Piano <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>Unidad <span class=\"_ _b\"> </span>Editorial <span class=\"_ _17\"> </span>pure <span class=\"_ _b\"> </span>approvato <span class=\"_ _17\"> </span>dal <span class=\"_ _b\"> </span>Consiglio <span class=\"_ _18\"> </span>di Amministrazion<span class=\"_ _2\"></span>e <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>Unidad <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>data <span class=\"_ _14\"></span>7 <span class=\"_ _14\"></span>marzo <span class=\"_ _14\"></span>2023. <span class=\"_ _6\"></span>I <span class=\"_ _14\"></span>flussi <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>cassa <span class=\"_ _14\"></span>previsiona<span class=\"_ _2\"></span>li <span class=\"_ _14\"></span>2023-2027, <span class=\"_ _14\"></span>pro<span class=\"_ _2\"></span>iettati <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>fini valutativi costanti <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>termini <span class=\"_ _3\"></span>nominali <span class=\"_ _3\"></span>(tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>crescita <span class=\"_ _3\"></span>g <span class=\"_ _6\"></span>= <span class=\"_ _3\"></span>0), <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _3\"></span>attualizzati <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso <span class=\"_ _6\"></span>considerato rappresentativo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>ponderato <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>capitale <span class=\"_ _3\"></span>WACC <span class=\"_ _3\"></span>pari <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span><span class=\"ff24\">l\u20198,91</span>% <span class=\"_ _3\"></span>(8.04% <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _6\"></span>2021). Dall\u2019analisi svo<span class=\"_ _2\"></span>lta non son<span class=\"_ _1\"></span>o emerse evidenze di pe<span class=\"_ _2\"></span>rdite di va<span class=\"_ _2\"></span>lore. Anche p<span class=\"_ _2\"></span>er<span class=\"ff21\"> le testate quot<span class=\"_ _2\"></span>idiane spagno<span class=\"_ _2\"></span>le, in </span>considerazione <span class=\"_ _12\"> </span>della <span class=\"_ _11\"> </span>situazione <span class=\"_ _11\"> </span>globale <span class=\"_ _11\"> </span>caratterizzata <span class=\"_ _11\"> </span>dal <span class=\"_ _11\"> </span>permanere <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>conflitto <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>U<span class=\"_ _2\"></span>craina, <span class=\"_ _11\"> </span>sono <span class=\"_ _11\"> </span>state condotte anal<span class=\"_ _2\"></span>isi di sensit<span class=\"_ _2\"></span>ivit\u00e0 maggiorment<span class=\"_ _2\"></span>e conservati<span class=\"_ _2\"></span>ve (stress tes<span class=\"_ _2\"></span>t) e anche t<span class=\"_ _2\"></span>ali analisi h<span class=\"_ _2\"></span>anno conferma<span class=\"_ _2\"></span>to la<span class=\"_ _2\"></span> ragionevolezza d<span class=\"_ _2\"></span>ei risultati ottenut<span class=\"_ _2\"></span>i. \u201cPost <span class=\"_ _6\"></span>IFRS <span class=\"_ _6\"></span>16\u201d, <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>suo <span class=\"_ _6\"></span>complesso <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>carico <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>incrementano<span class=\"ff21\"> <span class=\"_ _f\"> </span></span>per <span class=\"_ _6\"></span>l\u2019iscrizione <span class=\"_ _3\"></span>di diritti <span class=\"_ _8\"> </span>d\u2019<span class=\"ff21\">uso <span class=\"_ _8\"></span>su <span class=\"_ _8\"></span>beni <span class=\"_ _8\"></span>in <span class=\"_ _8\"></span>l<span class=\"_ _3\"></span>easing <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>coerentemente <span class=\"_ _8\"></span>i <span class=\"_ _8\"></span>flussi <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>cassa <span class=\"_ _8\"></span>previsti <span class=\"_ _8\"></span>utilizzati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>calcolo <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>valore </span>recuperabile <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>includono <span class=\"_ _1\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>costo <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>canoni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>locazione. <span class=\"_ _3\"></span>Per <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span>valutazione, i <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>sono st<span class=\"_ _3\"></span>ati attualizzati </span></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>un <span class=\"_ _1\"></span>tasso <span class=\"_ _16\"></span>definito <span class=\"_ _1\"></span>quale <span class=\"_ _16\"></span>costo <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>ponderato <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span>capitale <span class=\"_ _16\"></span>WACC <span class=\"_ _16\"></span>par<span class=\"_ _3\"></span>i <span class=\"_ _16\"></span>al<span class=\"_ _3\"></span><span class=\"ff24\">l\u20198,</span>65% <span class=\"_ _16\"></span><span class=\"ff24\">per <span class=\"_ _1\"></span>l\u2019avviamento<span class=\"ff21\"> </span></span>(7,36% al 31 dice<span class=\"_ _2\"></span>mbre 202<span class=\"_ _2\"></span>1). L\u2019analisi <span class=\"_ _2\"></span>condotta p<span class=\"_ _1\"></span>er svolgere <span class=\"_ _2\"></span>il tes<span class=\"_ _2\"></span>t di <span class=\"_ _1\"></span>impairment e <span class=\"_ _1\"></span>verificare il <span class=\"_ _1\"></span>possibile impat<span class=\"_ _2\"></span>to deg<span class=\"_ _2\"></span>li effe<span class=\"_ _2\"></span>tti (pa<span class=\"_ _2\"></span>trimoniali, economico <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span><span class=\"ff24\">finanziari) <span class=\"_ _14\"></span>derivanti <span class=\"_ _6\"></span>dall\u2019introduzione <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>principio <span class=\"_ _6\"></span>contabile<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>nternazion<span class=\"_ _2\"></span>ale <span class=\"_ _6\"></span><span class=\"ff26\">Ifrs <span class=\"_ _14\"></span>16 <span class=\"_ _6\"></span>Leases <span class=\"_ _14\"></span></span>sui risultati <span class=\"_ _1\"></span>derivanti <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>processo <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span><span class=\"ff26\">impairment <span class=\"_ _8\"></span><span class=\"ff21\">ha <span class=\"_ _1\"></span>evidenziato <span class=\"_ _1\"></span>come <span class=\"_ _16\"></span>anche <span class=\"_ _1\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>processo <span class=\"_ _16\"></span>di <span class=\"_ _2\"></span><span class=\"ff26\">impairm<span class=\"_ _2\"></span>ent <span class=\"_ _1\"></span><span class=\"ff21\">svolto <span class=\"_ _16\"></span>sulla </span></span></span></span></span></span>base <span class=\"ls7\">di</span> una r<span class=\"_ _2\"></span>appresentazion<span class=\"_ _2\"></span>e conforme con le <span class=\"_ _3\"></span>disposizioni del principio contabile IFRS 16 non modifica, alla data <span class=\"_ _6\"></span>del <span class=\"_ _a1\"> </span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2022, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>risultati <span class=\"_ _6\"></span>ottenuti <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>conclusioni <span class=\"_ _6\"></span>raggiunte <span class=\"_ _3\"></span>con <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>metodologia <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>continuit\u00e0<span class=\"_ _1\"></span> con quella <span class=\"_ _15\"> </span>applicata negli anni prec<span class=\"_ _2\"></span>edenti. \u201cPost <span class=\"_ _6\"></span>IFRS <span class=\"_ _6\"></span>16\u201d, <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span><span class=\"ff21\">nel <span class=\"_ _6\"></span>suo <span class=\"_ _6\"></span>complesso <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>carico <span class=\"_ _3\"></span>si <span class=\"_ _6\"></span>incrementano <span class=\"_ _f\"> </span></span>per <span class=\"_ _6\"></span>l\u2019iscrizione <span class=\"_ _3\"></span>di diritti <span class=\"_ _8\"> </span>d\u2019uso <span class=\"_ _8\"> </span>su <span class=\"_ _8\"> </span>beni <span class=\"_ _8\"> </span>in <span class=\"_ _8\"> </span>leasing <span class=\"_ _8\"> </span>e <span class=\"_ _8\"> </span>coerentemente <span class=\"_ _8\"> </span>i <span class=\"_ _8\"> </span>flussi <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>cassa <span class=\"_ _8\"> </span>previsti <span class=\"_ _8\"> </span>utilizzati<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>calcolo <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>valore </span>recuperabile <span class=\"_ _16\"></span>non <span class=\"_ _16\"></span>includono <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>costo <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span>canoni <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>locazione. </span></span>Co<span class=\"_ _2\"></span>n <span class=\"_ _7\"></span>rifer<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>o <span class=\"_ _7\"></span>alle <span class=\"_ _7\"></span>tes<span class=\"_ _1\"></span>tate<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>quo<span class=\"_ _1\"></span>tidian<span class=\"_ _1\"></span>e <span class=\"_ _8\"></span>spag<span class=\"_ _1\"></span>nole <span class=\"_ _7\"></span>(El <span class=\"_ _8\"></span>Mun<span class=\"_ _2\"></span>do,<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>Marca<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ff21 ls3\">ed<span class=\"ls0\"> <span class=\"_ _8\"></span></span></span>Expa<span class=\"_ _1\"></span>nsion)<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>alle <span class=\"_ _7\"></span>tes<span class=\"_ _2\"></span>tate<span class=\"_ _1\"></span> <span class=\"_ _11\"> </span>periodiche<span class=\"_ _2\"></span> spagnole <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>vita <span class=\"_ _14\"></span>utile <span class=\"_ _7\"></span>definita, <span class=\"_ _14\"></span>alle <span class=\"_ _14\"></span>quali <span class=\"_ _7\"></span><span class=\"ff24\">nell\u2019ambito</span> <span class=\"_ _14\"></span>della <span class=\"_ _14\"></span><span class=\"ff26\">business <span class=\"_ _7\"></span>combinati<span class=\"ls7\">on</span> <span class=\"_ _14\"></span></span>del <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _15\"> </span>RCS <span class=\"_ _15\"> </span>era <span class=\"_ _12\"> </span>stato attribuito <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span><span class=\"ff26\">fair <span class=\"_ _3\"></span>value <span class=\"_ _3\"></span></span>corrispondente al <span class=\"_ _6\"></span>valore iscritto <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>consolidato del <span class=\"_ _6\"></span>Gruppo RCS <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>data di acquisizione, <span class=\"_ _7\"></span>l\u2019<span class=\"ff26\">impairment <span class=\"_ _7\"></span>test <span class=\"_ _8\"></span><span class=\"ff21\">\u00e8 <span class=\"_ _8\"></span>stato <span class=\"_ _8\"></span>predisposto <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>via <span class=\"_ _8\"></span>autonoma <span class=\"_ _14\"></span>anche <span class=\"_ _8\"></span>da <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span></span></span>l\u2019assistenza<span class=\"ff21\"> <span class=\"_ _7\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>una </span>primaria <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>consulenza <span class=\"_ _6\"></span>senza <span class=\"_ _6\"></span>evidenziare <span class=\"_ _3\"></span>situazioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>perdita <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore. <span class=\"_ _6\"></span>Per <span class=\"_ _6\"></span>il <span class=\"_ _14\"></span>bilancio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>sono stati <span class=\"_ _2\"></span>assogget<span class=\"_ _2\"></span>tati <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>impairment <span class=\"_ _16\"></span>anche <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>licenze <span class=\"_ _0\"></span>televisive <span class=\"_ _16\"></span>(<span class=\"ff26\">Veo <span class=\"_ _1\"></span>Television<span class=\"ff21\">) <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>radiofoniche <span class=\"_ _16\"></span>(<span class=\"ff26\">Radio <span class=\"_ _16\"></span>de </span></span></span></span></span>Ara<span class=\"_ _1\"></span>gon<span class=\"ff21 ls8\">).<span class=\"ls0\"> </span></span>Anche <span class=\"_ _3\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>valore <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>iscrizione <span class=\"_ _3\"></span>degli <span class=\"_ _6\"></span>avviamenti <span class=\"_ _3\"></span>riconducibili <span class=\"_ _3\"></span>alle <span class=\"_ _6\"></span>CGU <span class=\"_ _3\"></span>rappresentate <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>settore<span class=\"_ _6\"></span> edito<span class=\"_ _2\"></span>riale periodici <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>Cairo <span class=\"_ _1\"></span>Editore <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dal <span class=\"_ _2\"></span>settore <span class=\"_ _16\"></span>concessionarie <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>emersi <span class=\"_ _2\"></span>dai <span class=\"ff26\">te<span class=\"_ _2\"></span>st <span class=\"ff21\">evidenze di perd<span class=\"_ _2\"></span>ite di valore. </span></span></span></span>In <span class=\"_ _14\"></span>consi<span class=\"_ _3\"></span>derazione <span class=\"_ _14\"></span>dell\u2019attuale <span class=\"_ _14\"></span>sopra <span class=\"_ _7\"> </span>descritto <span class=\"_ _7\"></span>contesto, <span class=\"_ _14\"></span>si <span class=\"_ _7\"> </span>\u00e8 <span class=\"_ _7\"> </span>proceduto <span class=\"_ _14\"></span>ad <span class=\"_ _7\"> </span>assoggettare <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>test <span class=\"_ _7\"></span>di <span class=\"_ _8\"> </span><span class=\"ff26\">impairment </span>alcune immobilizzazioni immateriali a <span class=\"_ _6\"></span>vita utile <span class=\"_ _3\"></span>definita. <span class=\"_ _6\"></span>In <span class=\"_ _3\"></span>particolare,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span><span class=\"ff26\">impairment test <span class=\"_ _3\"></span></span>hanno <span class=\"_ _3\"></span>riguardato principalmente <span class=\"_ _2\"></span>le testate italiane e spagn<span class=\"_ _2\"></span>ole a vita util<span class=\"_ _2\"></span>e definita del Gr<span class=\"_ _2\"></span>uppo RCS. Dalle analisi svo<span class=\"_ _2\"></span>lte non son<span class=\"_ _2\"></span>o emerse eviden<span class=\"_ _2\"></span>ze di perdite di va<span class=\"_ _1\"></span>lore.<span class=\"_ _1\"></span> 19. P<span class=\"_ _1\"></span>artec<span class=\"_ _1\"></span>ipazio<span class=\"_ _1\"></span>ni La voce, pa<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>i a Eu<span class=\"_ _2\"></span>ro 31,3 <span class=\"_ _2\"></span>milioni, <span class=\"_ _2\"></span>comprende l<span class=\"_ _2\"></span>e parteci<span class=\"_ _2\"></span>pazioni in <span class=\"_ _2\"></span>imprese co<span class=\"_ _2\"></span>llegate <span class=\"_ _2\"></span>e joint ve<span class=\"_ _2\"></span>nture (Eu<span class=\"_ _2\"></span>ro 25,9 milioni) e partec<span class=\"_ _2\"></span>ipazioni in <span class=\"_ _2\"></span>imprese che non <span class=\"_ _2\"></span>sono n\u00e9 di <span class=\"_ _2\"></span>controllo n\u00e9 di tr<span class=\"_ _2\"></span>ading (Euro 5,4 milioni). La<span class=\"ls0\"> composizione d<span class=\"_ _1\"></span>ella voce \u00e8 esposta nel p<span class=\"_ _2\"></span>rospetto ch<span class=\"_ _2\"></span>e seg<span class=\"_ _2\"></span>ue:<span class=\"_ _1\"></span> </span>D<span class=\"_ _2\"></span>es<span class=\"_ _6\"></span>cr<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>eV<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>lore net<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> A<span class=\"_ _2\"></span>cq<span class=\"_ _16\"></span>ui<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>iz<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>,E<span class=\"_ _0\"></span>ff<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>tt<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> d<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _3\"></span>a E<span class=\"_ _0\"></span>ff<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>tt<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> d<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _3\"></span>a D<span class=\"_ _2\"></span>is<span class=\"_ _6\"></span>m<span class=\"_ _2\"></span>is<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>iD<span class=\"_ _2\"></span>iv<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>nd<span class=\"_ _16\"></span>i V<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>lore net<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> a<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>um<span class=\"_ _16\"></span>enti v<span class=\"_ _0\"></span>alut<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>nev<span class=\"_ _0\"></span>alut<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>ne a<span class=\"_ _1\"></span> d<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>trib<span class=\"_ _16\"></span>ui<span class=\"_ _3\"></span>tia<span class=\"_ _2\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1cap<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>ociale con<span class=\"_ _1\"></span> i<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> m<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>d<span class=\"_ _16\"></span>o fa<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>r v<span class=\"_ _0\"></span>alue3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2e cop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tu<span class=\"_ _2\"></span>ra d<span class=\"_ _16\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>at<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ni<span class=\"_ _3\"></span>op<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>d<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>tenett<span class=\"_ _1\"></span>oL<span class=\"_ _16\"></span>igu<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> P<span class=\"_ _2\"></span>res<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span> S.<span class=\"_ _2\"></span>r.<span class=\"_ _1\"></span>l.<span class=\"_ _22c\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,6<span class=\"_ _21b\"> </span>-<span class=\"_ _163\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,5</span>G<span class=\"_ _0\"></span>D Med<span class=\"_ _3\"></span>ia S<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rvice S<span class=\"_ _2\"></span>.r<span class=\"_ _1\"></span>.l<span class=\"_ _1\"></span>.<span class=\"_ _6c\"> </span><span class=\"fc1\">0,3<span class=\"_ _21b\"> </span>-<span class=\"_ _32\"> </span>0,<span class=\"_ _1\"></span>1<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,5</span>E<span class=\"_ _16\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>ela de co<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>a Tel<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>a S.<span class=\"_ _2\"></span>L<span class=\"_ _16\"></span>.<span class=\"_ _29\"> </span><span class=\"fc1\">0,<span class=\"_ _1\"></span>0<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,0</span>R<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span> S<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span> S<span class=\"_ _2\"></span>.A.<span class=\"_ _22d\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,2<span class=\"_ _21b\"> </span>-<span class=\"_ _32\"> </span>0,<span class=\"_ _2\"></span>0<span class=\"_ _152\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _1c2\"> </span>(<span class=\"_ _1\"></span>0,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,2</span>G<span class=\"_ _0\"></span>ru<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> B<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>nt<span class=\"_ _22e\"> </span><span class=\"fc1\">2<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>,4<span class=\"_ _10a\"> </span>-<span class=\"_ _62\"> </span>(3<span class=\"_ _2\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _1c2\"> </span>(<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>2)<span class=\"_ _158\"> </span>24<span class=\"_ _1\"></span>,6</span>Q<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>b<span class=\"_ _6\"></span>ee S.<span class=\"_ _2\"></span>r.<span class=\"_ _1\"></span>l.<span class=\"_ _22f\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,1<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,1</span>T<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>ale p<span class=\"_ _16\"></span>art<span class=\"_ _2\"></span>eci<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> in s<span class=\"_ _3\"></span>ocie<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _1\"></span> 2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,7<span class=\"_ _1a6\"> </span>-<span class=\"_ _165\"> </span>(3<span class=\"_ _3\"></span>,6)<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _a0\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,3)<span class=\"_ _63\"> </span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,9colle<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e j<span class=\"_ _1\"></span>oint <span class=\"_ _1\"></span>v<span class=\"_ _16\"></span>entu<span class=\"_ _2\"></span>resW<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>ee<span class=\"_ _3\"></span> Med<span class=\"_ _3\"></span>ia S<span class=\"_ _1\"></span>.L<span class=\"_ _215\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _2\"></span>,2</span>A<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>a Soc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>et<span class=\"_ _3\"></span>\u00e0 C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>p<span class=\"_ _6\"></span>erativa<span class=\"_ _e4\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,6<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7b\"> </span>-<span class=\"_ _83\"> </span>0,<span class=\"_ _1\"></span>6</span>H<span class=\"_ _2\"></span>-F<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>rm<span class=\"_ _16\"></span> S<span class=\"_ _2\"></span>.p.A<span class=\"_ _3\"></span>.<span class=\"_ _230\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,2<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,2</span>D<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>g<span class=\"_ _3\"></span>ital <span class=\"_ _1\"></span>M<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ics<span class=\"_ _3\"></span> S.<span class=\"_ _2\"></span>p<span class=\"_ _3\"></span>.A.<span class=\"_ _231\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,1<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,1</span>Im<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>il<span class=\"_ _16\"></span>iare <span class=\"_ _2\"></span>E<span class=\"_ _16\"></span>d<span class=\"_ _6\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> G<span class=\"_ _0\"></span>iorna<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> S.<span class=\"_ _2\"></span>r.<span class=\"_ _1\"></span>l.<span class=\"_ _16b\"> </span><span class=\"fc1\">0,<span class=\"_ _2\"></span>4<span class=\"_ _10a\"> </span>-<span class=\"_ _21b\"> </span>-<span class=\"_ _79\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7b\"> </span>-<span class=\"_ _83\"> </span>0,<span class=\"_ _1\"></span>4</span>N<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> M<span class=\"_ _3\"></span>ark<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>Pl<span class=\"_ _1\"></span>ac<span class=\"_ _3\"></span>e S.L<span class=\"_ _16\"></span>.<span class=\"_ _122\"> </span><span class=\"fc1\">0,4<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7b\"> </span>-<span class=\"_ _83\"> </span>0,<span class=\"_ _2\"></span>4</span>B<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>y<span class=\"_ _6\"></span>f<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span> S.<span class=\"_ _2\"></span>r.<span class=\"_ _1\"></span>l.<span class=\"_ _232\"> </span><span class=\"fc1\">-<span class=\"_ _32\"> </span>3,<span class=\"_ _1\"></span>0<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>3<span class=\"_ _1\"></span>,0</span>C<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>fr<span class=\"_ _1\"></span>iel<span class=\"_ _1\"></span> S.<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>.a r<span class=\"_ _1\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _233\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,3<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,3</span>A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre m<span class=\"_ _16\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _84\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7b\"> </span>-<span class=\"_ _83\"> </span>0,<span class=\"_ _2\"></span>2</span>T<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>ale a<span class=\"_ _2\"></span>ltri<span class=\"_ _3\"></span> s<span class=\"_ _6\"></span>t<span class=\"_ _2\"></span>rum<span class=\"_ _1\"></span>enti d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> cap<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _18a\"> </span>2<span class=\"_ _3\"></span>,4<span class=\"_ _157\"> </span>3<span class=\"_ _3\"></span>,0<span class=\"_ _1a6\"> </span>-<span class=\"_ _152\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _76\"> </span>5<span class=\"_ _3\"></span>,4T<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>ale p<span class=\"_ _16\"></span>art<span class=\"_ _2\"></span>eci<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _ef\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _6\"></span>,2<span class=\"_ _15c\"> </span>3<span class=\"_ _3\"></span>,0<span class=\"_ _83\"> </span>(<span class=\"_ _2\"></span>3<span class=\"_ _3\"></span>,6)<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _a0\"> </span>(<span class=\"_ _1\"></span>0<span class=\"_ _6\"></span>,3)<span class=\"_ _63\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,3Nella <span class=\"_ _2\"></span>voce <span class=\"_ _1\"></span>sono incluse <span class=\"_ _1\"></span>principalmente <span class=\"_ _1\"></span>le partec<span class=\"_ _2\"></span>ipazioni <span class=\"_ _1\"></span>d<span class=\"_ _3\"></span>el Grup<span class=\"_ _2\"></span>po <span class=\"_ _2\"></span>RCS <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>n C<span class=\"_ _2\"></span>orporac<span class=\"_ _2\"></span>ion Be<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>mont <span class=\"_ _1\"></span>(Euro 24,6 milioni), societ\u00e0 <span class=\"_ _3\"></span>spagnola che <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>occupa della st<span class=\"_ _3\"></span>ampa di <span class=\"_ _3\"></span>quotidiani, periodici e<span class=\"_ _3\"></span> altri prodotti editoriali nonch<span class=\"_ _2\"></span>\u00e9 della di<span class=\"_ _2\"></span>stribuzione, <span class=\"_ _1\"></span>commercializzazione, <span class=\"_ _1\"></span>vendita e promozione di q<span class=\"_ _2\"></span>ualsiasi tipo d<span class=\"_ _2\"></span>i stampa periodica.<span class=\"_ _2\"></span> Gli <span class=\"_ _16\"></span>altri <span class=\"_ _16\"></span>strumenti <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>capitale, <span class=\"_ _0\"></span>ovvero <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>t<span class=\"_ _3\"></span>itoli <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _16\"></span>partecipazion<span class=\"_ _2\"></span>i <span class=\"_ _16\"></span>che <span class=\"_ _16\"></span>non <span class=\"_ _16\"></span>sono <span class=\"_ _16\"></span>n\u00e9 <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _16\"></span>controllo, <span class=\"_ _1\"></span>n\u00e9 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>collegamento, </span></span></span></span></span></span>n\u00e9 di trading ammontano a Euro 5,4 milioni in incremento di Euro 3 milioni ri<span class=\"_ _3\"></span>spetto al 31 dicembre 2021 per l\u2019acquisto di una qu<span class=\"_ _2\"></span>ota di partecipaz<span class=\"_ _2\"></span>ione del 7% nella <span class=\"ff26\">startup</span> d<span class=\"_ _2\"></span>ell'home fitnes<span class=\"_ _2\"></span>s Buddyfit S.r.l. Tali attivit\u00e0 sono valutate a<span class=\"_ _2\"></span>l <span class=\"ff26\">fair value </span>con livello gerarchico 1 (Euro 0,3 milioni) e livel<span class=\"_ _2\"></span>lo gerarchico 3 (Euro<span class=\"_ _2\"></span> 5,1 <span class=\"ff24\">milioni) ai sens<span class=\"_ _2\"></span>i dell\u2019IFRS 7.<span class=\"ff21\"> </span></span>Le<span class=\"ls0\"> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>rt<span class=\"_ _1\"></span>ec<span class=\"_ _2\"></span>ip<span class=\"_ _1\"></span>az<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _3\"></span><span class=\"ls4e\">le</span> <span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>ali <span class=\"ls1\">non</span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>di<span class=\"_ _2\"></span>sp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ib<span class=\"_ _2\"></span>il<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span><span class=\"ls4e\">il</span> <span class=\"_ _3\"></span><span class=\"ff26\">fai<span class=\"_ _1\"></span>r <span class=\"_ _3\"></span>va<span class=\"_ _1\"></span>lue<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff21\">so<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>is<span class=\"_ _1\"></span>cri<span class=\"_ _1\"></span>tte<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls49\">al</span> <span class=\"_ _6\"></span>co<span class=\"_ _1\"></span>st<span class=\"_ _2\"></span>o ev<span class=\"_ _1\"></span>ent<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>svalutato <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>le </span></span></span>perdite di valore. 20. Cr<span class=\"_ _1\"></span>edit<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nziar<span class=\"_ _2\"></span>i n<span class=\"_ _2\"></span>on c<span class=\"_ _1\"></span>orre<span class=\"_ _2\"></span>nti <span class=\"_ _1\"></span>e cor<span class=\"_ _2\"></span>ren<span class=\"_ _2\"></span>ti I <span class=\"_ _2\"></span>crediti <span class=\"_ _1\"></span>e <span class=\"ls17\">le</span> <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"ls7\">di</span> <span class=\"_ _1\"></span>natura fina<span class=\"_ _2\"></span>nziaria <span class=\"_ _1\"></span>ammontano <span class=\"_ _1\"></span>complessivamente <span class=\"_ _2\"></span><span class=\"ls3\">ad<span class=\"ls0\"> Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>3,1 <span class=\"_ _1\"></span>milioni (Euro <span class=\"_ _8\"></span>0,6 <span class=\"_ _7\"></span>milioni </span></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2021<span class=\"ls5\">),</span> <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>1,2 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>correnti <span class=\"_ _7\"></span>(Euro <span class=\"_ _7\"></span><span class=\"ls1\">0,3 </span>milioni a<span class=\"_ _2\"></span>l 31 dicembre <span class=\"ls7\">202</span>1<span class=\"_ _2\"></span>). Tali <span class=\"_ _7\"></span>importi <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>ncludono<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>anche <span class=\"_ _7\"></span>le <span class=\"_ _8\"></span>attivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>strumenti <span class=\"_ _8\"></span>derivati <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>complessivi <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>1,3 milioni, <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cui <span class=\"_ _14\"></span>0,4 milioni <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>correnti. <span class=\"_ _6\"></span>Per <span class=\"_ _6\"></span><span class=\"ls7\">un</span> <span class=\"_ _14\"></span>commento <span class=\"_ _6\"></span><span class=\"ls4a\">si</span> <span class=\"_ _6\"></span>rimanda <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>successiva <span class=\"_ _6\"></span>no<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>n. <span class=\"ls1\">34.</span> Il <span class=\"_ _5\"> </span><span class=\"ff26\">fair <span class=\"_ _5\"> </span>value</span> <span class=\"_ _5\"> </span>dei <span class=\"_ _5\"> </span>finanziamen<span class=\"_ _2\"></span>ti <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>lungo <span class=\"_ _5\"> </span>termine <span class=\"_ _4\"> </span>verso <span class=\"_ _5\"> </span>terzi <span class=\"_ _5\"> </span>\u00e8 <span class=\"_ _5\"> </span>stimato <span class=\"_ _5\"> </span>sulla <span class=\"_ _4\"> </span><span class=\"ff24\">base dell\u2019attualizzazione<span class=\"_ _2\"></span> </span>dei flussi di cas<span class=\"_ _2\"></span>sa futuri al t<span class=\"_ _2\"></span>asso di merca<span class=\"_ _2\"></span>to. Di seguito si r<span class=\"_ _2\"></span>iporta il confronto <span class=\"_ _2\"></span>tra il valore contabile ed i<span class=\"_ _2\"></span>l <span class=\"ff26\">fair valu<span class=\"_ _1\"></span>e<span class=\"ff21\">: </span></span>De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>23<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lor<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>nta<span class=\"_ _1\"></span>bile<span class=\"_ _a\"> </span>Fa<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ue<span class=\"_ _63\"> </span>V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e<span class=\"_ _234\"> </span>Fa<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>lu<span class=\"_ _1\"></span>eFi<span class=\"_ _0\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span> term<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ne verso<span class=\"_ _2\"></span> terz<span class=\"_ _2\"></span>i<span class=\"_ _235\"> </span>0<span class=\"_ _1\"></span>,8<span class=\"_ _7d\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _137\"> </span>0,<span class=\"_ _1\"></span>2<span class=\"_ _1ff\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2Fo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>o sval<span class=\"_ _16\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _236\"> </span>-<span class=\"_ _191\"> </span>-<span class=\"_ _ef\"> </span>-<span class=\"_ _191\"> </span>-Fi<span class=\"_ _0\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span> term<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ne verso<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _1b9\"> </span>-<span class=\"_ _e2\"> </span>-<span class=\"_ _ef\"> </span>-<span class=\"_ _191\"> </span>-Fo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>o sval<span class=\"_ _16\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span> verso<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _72\"> </span>-<span class=\"_ _191\"> </span>-<span class=\"_ _ef\"> </span>-<span class=\"_ _191\"> </span>-Totale<span class=\"_ _237\"> </span>0<span class=\"_ _3\"></span>,8<span class=\"_ _62\"> </span>0<span class=\"_ _6\"></span>,8<span class=\"_ _46\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _62\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2I crediti finanzia<span class=\"_ _2\"></span>ri correnti sono pa<span class=\"_ _2\"></span>ri a Euro 1 milione (Euro <span class=\"_ _2\"></span>0,2 milioni a<span class=\"_ _2\"></span>l 31 dicembr<span class=\"_ _2\"></span>e <span class=\"ls7\">202</span>1<span class=\"ls8\">).</span> 21<span class=\"ls0\">.<span class=\"fc0\"> A<span class=\"_ _1\"></span>ltre <span class=\"_ _2\"></span>att<span class=\"_ _2\"></span>iv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _1\"></span>non c<span class=\"_ _1\"></span>orrent<span class=\"_ _1\"></span>i </span></span>Le altre attivit\u00e0 no<span class=\"_ _2\"></span>n correnti, pari <span class=\"_ _2\"></span>ad Euro 4,3 milioni <span class=\"_ _2\"></span>al 31 dicemb<span class=\"_ _2\"></span>re 2022, includono depo<span class=\"_ _1\"></span>siti<span class=\"_ _3\"></span> cauzion<span class=\"_ _2\"></span>ali e bancari e credit<span class=\"_ _2\"></span>i verso l\u2019erario a lun<span class=\"_ _2\"></span>go termine. 22. At<span class=\"_ _1\"></span>tivit<span class=\"_ _1\"></span>\u00e0 per<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>mpos<span class=\"_ _2\"></span>te a<span class=\"_ _1\"></span>ntic<span class=\"_ _2\"></span>ipa<span class=\"_ _2\"></span>te Le <span class=\"_ _16\"></span>\u201cattivit\u00e0 <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>imposte <span class=\"_ _16\"></span>anticipate\u201d <span class=\"_ _16\"></span>derivano <span class=\"_ _16\"></span>dal <span class=\"_ _1\"></span>riconoscimento, <span class=\"_ _16\"></span>nel <span class=\"_ _1\"></span>bilancio <span class=\"_ _16\"></span>consolida<span class=\"ff21 ls6\">to<span class=\"ls0\"> <span class=\"_ _14\"></span>al <span class=\"_ _16\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _16\"></span>2022<span class=\"_ _3\"></span><span class=\"ls7\">, </span></span></span>delle imposte anticipate sulle differenze temporanee tra <span class=\"_ _3\"></span>i valori delle <span class=\"_ _3\"></span>attivit\u00e0<span class=\"_ _3\"></span> e passiv<span class=\"_ _2\"></span>it\u00e0 esposti <span class=\"ls6\">in</span> <span class=\"_ _2\"></span>bilancio e <span class=\"_ _2\"></span>i valori <span class=\"_ _3\"></span>riconosciuti <span class=\"ls4\">ai<span class=\"_ _3\"></span></span> f<span class=\"_ _3\"></span>ini <span class=\"_ _3\"></span>fiscali <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sui <span class=\"_ _3\"></span>benefici <span class=\"_ _3\"></span>fiscali <span class=\"_ _6\"></span>derivanti <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>utilizzab<span class=\"_ _2\"></span>ili. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>voce, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>ad Euro <span class=\"_ _15\"> </span>86 <span class=\"_ _15\"> </span>milioni, <span class=\"_ _15\"> </span>presenta <span class=\"_ _15\"></span>un <span class=\"_ _15\"> </span>decremento <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>Euro <span class=\"_ _15\"> </span>0,8 <span class=\"_ _15\"> </span>milioni <span class=\"_ _15\"> </span>rispetto <span class=\"_ _15\"> </span><span class=\"ls3\">al</span> <span class=\"_ _12\"> </span>31 <span class=\"_ _15\"></span>dicembre <span class=\"_ _8\"></span>2021 <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>pu\u00f2 <span class=\"_ _15\"> </span>essere dettagliata co<span class=\"_ _2\"></span>me seg<span class=\"_ _1\"></span>ue: Desc<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _14\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _14\"></span>one3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _a3\"> </span>31<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _16\"></span>ari<span class=\"_ _6\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>neP<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>te <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>sca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtab<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> nu<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>o2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _238\"> </span>2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _166\"> </span>(1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)Fo<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>fi<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ati<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>\u2019a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vo<span class=\"_ _1\"></span> patri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _3a\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _a8\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1Fo<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>chi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span>d o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _a8\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3Co<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>edu<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>ta8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _3a\"> </span>2,<span class=\"_ _16\"></span>4Fi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span>fferi<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>regi<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>trasparenz<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>e-<span class=\"_ _b5\"> </span>-<span class=\"_ _c1\"> </span>-Im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zaz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _1\"></span>ateri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _3a\"> </span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _166\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)Val<span class=\"_ _1\"></span>ut<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>deri<span class=\"_ _16\"></span>vati0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _3a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _166\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> ded<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span>fferi<span class=\"_ _1\"></span>ta1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _238\"> </span>1<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _166\"> </span><span class=\"fc1\">(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>)</span>Al<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span>ffere<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>tem<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ranee2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _238\"> </span>2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _166\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>)Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>pos<span class=\"_ _6\"></span>te<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>ticipa<span class=\"_ _1\"></span>te8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,0<span class=\"_ _166\"> </span>86<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _239\"> </span>(0<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)Le <span class=\"_ _6\"></span>imposte <span class=\"_ _14\"></span>anticipate <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>calcolate <span class=\"_ _14\"></span>in <span class=\"_ _6\"></span>funzione <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>stima <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>im<span class=\"_ _3\"></span>ponibili <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>futuri <span class=\"_ _14\"></span>nei <span class=\"_ _6\"></span>periodi <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>cui <span class=\"_ _6\"></span>le relative differenz<span class=\"_ _2\"></span>e temporanee e i be<span class=\"_ _2\"></span>nefici derivanti da<span class=\"_ _2\"></span>ll\u2019utilizzo di per<span class=\"_ _2\"></span>dite fiscali <span class=\"_ _2\"></span>pregresse si riverse<span class=\"_ _2\"></span>ranno. Le <span class=\"_ _6\"></span>imposte <span class=\"_ _14\"></span>anticipat<span class=\"_ _2\"></span>e <span class=\"_ _14\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _14\"></span>2022 <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>iferiscono <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _14\"></span>82,6 <span class=\"_ _6\"></span>milioni <span class=\"_ _14\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _14\"></span>RCS <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cui <span class=\"_ _14\"></span>Euro 58,6 milioni al gr<span class=\"_ _2\"></span>uppo spagnolo Un<span class=\"_ _2\"></span>idad Editoria<span class=\"_ _2\"></span>l. Con <span class=\"_\"> </span>particolare <span class=\"_ _10\"> </span>riferimento <span class=\"_\"> </span>alle <span class=\"_ _10\"> </span>imposte <span class=\"_\"> </span>anticipate <span class=\"_\"> </span>relative <span class=\"_ _10\"> </span>al<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>gruppo <span class=\"_\"> </span>Unidad <span class=\"_\"> </span>Edit<span class=\"_ _3\"></span>orial, <span class=\"_\"> </span>la <span class=\"_ _10\"> </span>valutazione dell\u2019iscrivibil<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>recuperabilit\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _6\"></span><span class=\"ff21\">2022 <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>effettuata <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _6\"></span>della stima </span>dei <span class=\"_ _7\"></span>redditi <span class=\"_ _7\"></span>imponibili <span class=\"_ _14\"></span>ricavabili <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>piano <span class=\"_ _7\"></span>2023-2027 <span class=\"_ _14\"></span>appr<span class=\"_ _3\"></span>ovato <span class=\"_ _6\"></span><span class=\"ls4\">ed</span> <span class=\"_ _7\"></span>estrapolando <span class=\"_ _6\"></span>da <span class=\"_ _14\"></span><span class=\"ff24\">quest\u2019ultimo</span> <span class=\"_ _14\"></span><span class=\"ls17\">la</span> <span class=\"_ _14\"></span>bas<span class=\"_ _3\"></span>e <span class=\"_ _14\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> calcolo per <span class=\"ls6\">le</span> p<span class=\"_ _2\"></span>roiezioni dei<span class=\"_ _2\"></span> <span class=\"ff24\">successivi esercizi. Peraltro, l\u2019ammontare delle perdite fiscali <span class=\"_ _3\"></span>riportabili a <span class=\"_ _3\"></span>nuovo </span>a fronte delle qua<span class=\"_ _2\"></span>li non son<span class=\"_ _2\"></span>o state iscritte imp<span class=\"_ _2\"></span>oste antic<span class=\"_ _2\"></span>ipate \u00e8 di impor<span class=\"_ _2\"></span>to significa<span class=\"_ _2\"></span>tivo. Alla <span class=\"_ _14\"></span>luce <span class=\"_ _7\"></span>del <span class=\"_ _14\"></span>contesto <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>incertezza <span class=\"_ _14\"></span>sono <span class=\"_ _7\"></span>state <span class=\"_ _7\"></span>condotte <span class=\"_ _14\"></span>analisi <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>sens<span class=\"_ _3\"></span>itivit\u00e0 <span class=\"_ _14\"></span>sul <span class=\"_ _7\"></span>business <span class=\"_ _14\"></span>plan <span class=\"_ _7\"></span>usato <span class=\"_ _7\"></span>per <span class=\"_ _14\"></span>la verifica <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>recuperabilit\u00e0 <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>imposte <span class=\"_ _1\"></span>anticipate <span class=\"_ _1\"></span>iscritte <span class=\"_ _16\"></span>in Spagna <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>linea <span class=\"_ _2\"></span>con <span class=\"_ _16\"></span>quanto <span class=\"_ _2\"></span>predispos<span class=\"_ _2\"></span>to <span class=\"_ _1\"></span>nell\u2019ambito del <span class=\"_ _8\"></span><span class=\"ff26\">test <span class=\"_ _15\"></span>di <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>mpairment</span>. <span class=\"_ _7\"></span>Tali <span class=\"_ _8\"></span>analisi <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>sensitivit\u00e0 <span class=\"_ _8\"></span>non <span class=\"_ _8\"></span>hanno <span class=\"_ _8\"></span>evidenziato <span class=\"_ _8\"></span>criticit\u00e0 <span class=\"_ _7\"></span>ri<span class=\"_ _3\"></span>spetto <span class=\"_ _7\"></span>alla <span class=\"_ _12\"> </span>complessiva recuperabilit\u00e0 d<span class=\"_ _2\"></span>elle imposte<span class=\"_ _2\"></span> anticipate iscri<span class=\"_ _2\"></span>tte.<span class=\"fs0\"> </span>23. R<span class=\"_ _1\"></span>imane<span class=\"_ _2\"></span>nze La composizione e <span class=\"_ _3\"></span>la m<span class=\"_ _3\"></span>ovimentazione delle rimanenze, interamente riconducibili alle societ\u00e0 <span class=\"_ _3\"></span>editoriali, sono esposte nel segu<span class=\"_ _2\"></span>ito: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _32\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ioneM<span class=\"_ _2\"></span>ateri<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>sussi<span class=\"_ _0\"></span>di<span class=\"_ _16\"></span>ari<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>su<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o2<span class=\"_ _1\"></span>8,<span class=\"_ _16\"></span>4<span class=\"_ _3c\"> </span>1<span class=\"_ _1\"></span>5,<span class=\"_ _16\"></span>1<span class=\"_ _8a\"> </span>1<span class=\"_ _1\"></span>3,<span class=\"_ _16\"></span>3P<span class=\"_ _3\"></span>ro<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ott<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _16\"></span>n corso<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>vo<span class=\"_ _1\"></span>raz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>semi<span class=\"_ _0\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>vo<span class=\"_ _1\"></span>rati<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rder\u00f23<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2d\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _23a\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7P<span class=\"_ _3\"></span>ro<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ott<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> fi<span class=\"_ _16\"></span>ni<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>ri3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2d\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _23a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9Total<span class=\"_ _2\"></span>e3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _182\"> </span>19<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _d7\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,9Le <span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>imanenze <span class=\"_ _7\"></span>sono <span class=\"_ _8\"></span>esposte <span class=\"_ _7\"></span>al <span class=\"_ _8\"></span>netto <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>un <span class=\"_ _8\"></span>fondo <span class=\"_ _7\"></span>svalutazione <span class=\"_ _7\"></span>di <span class=\"_ _8\"></span>Euro <span class=\"_ _8\"></span>2,<span class=\"_ _3\"></span>6 <span class=\"_ _8\"></span>milioni <span class=\"_ _7\"></span>(Euro <span class=\"_ _8\"></span>2,2 <span class=\"_ _8\"></span>milioni <span class=\"_ _7\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>31 dicembre 2021<span class=\"ls5\">).<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span><span class=\"ff23 fs2 fc0\">Materie prime, sussid<span class=\"_ _2\"></span>iarie e di co<span class=\"_ _2\"></span>ns<span class=\"_ _2\"></span>umo<span class=\"_ _1\"></span> </span>La<span class=\"ls0\"> <span class=\"_ _16\"></span>voce <span class=\"_ _16\"></span>include <span class=\"_ _0\"></span>principalmente <span class=\"_ _16\"></span>giacenze <span class=\"_ _0\"></span>di <span class=\"_ _16\"></span>carta <span class=\"_ _16\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _0\"></span>iscritta <span class=\"_ _16\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span>minore <span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ra <span class=\"_ _0\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>costo <span class=\"_ _16\"></span><span class=\"ff24\">d\u2019acquisto <span class=\"_ _1\"></span>o<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>produzione <span class=\"_ _16\"></span><span class=\"ls3\">ed<span class=\"_ _3\"></span><span class=\"ls0\"> </span></span></span></span></span></span></span></span></span></span></span></span></span>il<span class=\"ls0\"> <span class=\"_ _16\"></span>valore <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>presunto <span class=\"_ _16\"></span>realizz<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span>desumibile <span class=\"_ _16\"></span><span class=\"ff24\">dall\u2019andament<span class=\"_ _2\"></span>o<span class=\"ff21\"> <span class=\"_ _1\"></span>del <span class=\"_ _16\"></span>mercato <span class=\"_ _1\"></span>alla ch<span class=\"_ _2\"></span>iusura <span class=\"_ _1\"></span>del periodo. <span class=\"_ _1\"></span>Si ricorda <span class=\"_ _1\"></span>che il </span></span></span>costo di acquis<span class=\"_ _2\"></span>to per le materie pr<span class=\"_ _2\"></span>ime \u00e8 determinat<span class=\"_ _2\"></span>o con il metodo del cos<span class=\"_ _2\"></span>to medio ponde<span class=\"_ _2\"></span>rato. <span class=\"ff23 fs2 fc0\">Prodotti <span class=\"ls6\">in<span class=\"_ _2\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>corso <span class=\"ls28\">di</span> <span class=\"_ _1\"></span>lavorazione, <span class=\"_ _2\"></span>semilavorati <span class=\"_ _1\"></span>e b<span class=\"_ _1\"></span>order<span class=\"_ _1\"></span>\u00f2 </span></span></span>La voce <span class=\"_ _3\"></span>include i<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>costi di <span class=\"_ _3\"></span>acquisto o <span class=\"_ _3\"></span>produzione sostenuti per <span class=\"_ _3\"></span>pubblicazioni non ancora <span class=\"_ _3\"></span>fatturate, i <span class=\"_ _3\"></span>\u201cborder\u00f2\u201d redazionali <span class=\"_ _2\"></span>per serv<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>zi non <span class=\"_ _1\"></span>ancora utilizzati, <span class=\"_ _1\"></span>ma disponibili p<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span> future <span class=\"_ _2\"></span>pubblic<span class=\"_ _2\"></span>azioni, e <span class=\"_ _1\"></span>lavori in corso su ope<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>e di prossima ediz<span class=\"_ _2\"></span>ione.<span class=\"ff23\"> </span><span class=\"ff23 fs2 fc0\">Prodotti <span class=\"_ _1\"></span>fini<span class=\"_ _2\"></span>ti<span class=\"_ _1\"></span> </span>La <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>include <span class=\"_ _3\"></span>le <span class=\"_ _6\"></span>rimanenze <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>libri <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>prodotti <span class=\"_ _3\"></span>promozionali <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>giacenze <span class=\"_ _3\"></span>di La7 rela<span class=\"_ _2\"></span>tive a programmi televisivi prodott<span class=\"_ _2\"></span>i <span class=\"ls17\">le<span class=\"_ _3\"></span></span> cui <span class=\"_ _3\"></span>puntate non sono ancora andate <span class=\"ls6\">in</span> onda <span class=\"_ _14\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _14\"></span>dicembre <span class=\"_ _6\"></span>2022, <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>diri<span class=\"_ _2\"></span>tti <span class=\"_ _14\"></span>di durata inferiore a<span class=\"_ _2\"></span> 12 mesi <span class=\"ls4a\">su</span> film, <span class=\"_ _2\"></span>telefilm, carto<span class=\"_ _2\"></span>ni animati e <span class=\"_ _1\"></span>documentari <span class=\"_ _1\"></span>per i <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>disponibil<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>diritto </span></span>non <span class=\"_ _1\"></span>si \u00e8 <span class=\"_ _16\"></span>esaurita <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>dispone <span class=\"_ _1\"></span>di pa<span class=\"_ _2\"></span>ssaggi degli s<span class=\"_ _2\"></span>tessi da poter tras<span class=\"_ _2\"></span>mettere nell<span class=\"_ _2\"></span>\u2019esercizio successiv<span class=\"_ _2\"></span>o. 24. Cr<span class=\"_ _1\"></span>edit<span class=\"_ _1\"></span>i comme<span class=\"_ _1\"></span>rcia<span class=\"_ _2\"></span>li La<span class=\"ls0\"> composizione d<span class=\"_ _1\"></span>ella voce \u00e8 esposta nel p<span class=\"_ _2\"></span>rospetto ch<span class=\"_ _2\"></span>e seg<span class=\"_ _2\"></span>ue:<span class=\"_ _1\"></span> </span>De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _55\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>neCred<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i3<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _186\"> </span>32<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _24\"> </span>(2<span class=\"_ _1\"></span>7,<span class=\"_ _16\"></span>5)F<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o sv<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>utaz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti(3<span class=\"_ _1\"></span>7,<span class=\"_ _16\"></span>9)<span class=\"_ _24\"> </span>(4<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _23a\"> </span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0Total<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li26<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _91\"> </span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,8<span class=\"_ _7a\"> </span>(24<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)I <span class=\"_ _1\"></span>crediti <span class=\"_ _2\"></span>commerc<span class=\"_ _2\"></span>iali, <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>ad Euro<span class=\"_ _1\"></span> 264,3 <span class=\"_ _16\"></span>milioni, <span class=\"_ _2\"></span>sono <span class=\"_ _16\"></span>es<span class=\"_ _3\"></span>posti <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>netto <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>rese <span class=\"_ _1\"></span>attese d<span class=\"_ _1\"></span>i quot<span class=\"_ _2\"></span>idia<span class=\"ls7\">ni<span class=\"_ _3\"></span></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>periodici e pre<span class=\"_ _2\"></span>sentano <span class=\"_ _1\"></span>un <span class=\"ls7\">de</span>cremento <span class=\"_ _2\"></span>di Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o 24,<span class=\"_ _1\"></span>5 milioni <span class=\"_ _1\"></span>rispetto <span class=\"ff24\">al<span class=\"_ _2\"></span>l\u2019esercizio pre<span class=\"_ _2\"></span>cedente<span class=\"ff21\">. </span></span>I <span class=\"_ _8\"></span>crediti <span class=\"_ _8\"></span>commerciali <span class=\"_ _8\"></span>sono <span class=\"_ _8\"></span>inoltre <span class=\"_ _8\"></span>espressi <span class=\"_ _8\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _8\"></span>netto <span class=\"_ _8\"></span>del <span class=\"_ _8\"></span>fondo <span class=\"_ _8\"></span>svalutazione <span class=\"_ _8\"></span>crediti <span class=\"_ _8\"></span>che <span class=\"_ _8\"></span>\u00e8 <span class=\"_ _8\"></span>stato <span class=\"_ _15\"> </span>determinato tenendo <span class=\"_ _4\"> </span>conto <span class=\"_ _4\"> </span>sia <span class=\"_ _5\"> </span>delle <span class=\"_ _4\"> </span>situazioni <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>rischio <span class=\"_ _5\"> </span>spec<span class=\"_ _2\"></span>ificamente <span class=\"_ _4\"> </span>individuate, <span class=\"_ _4\"> </span>sia <span class=\"_ _8\"></span>di <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>rischio <span class=\"_ _8\"></span>generico <span class=\"_ _15\"></span>di inesigibilit\u00e0 conse<span class=\"_ _2\"></span>guente al norm<span class=\"_ _2\"></span>ale andamento de<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>l\u2019operativit\u00e0 azi<span class=\"_ _1\"></span>enda<span class=\"_ _2\"></span>le.<span class=\"_ _1\"></span> Il <span class=\"_ _2\"></span>fondo <span class=\"_ _1\"></span>svalutazione <span class=\"_ _2\"></span>crediti, <span class=\"_ _1\"></span>pari ad <span class=\"_ _1\"></span>Euro 37,9 <span class=\"_ _1\"></span>milioni, <span class=\"_ _1\"></span>si<span class=\"_ _3\"></span> <span class=\"ls7\">de</span>crementa <span class=\"_ _1\"></span>di Eu<span class=\"_ _2\"></span>ro 3 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>rispetto <span class=\"_ _16\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ls7\">31<span class=\"ls0\"> <span class=\"_ _16\"></span>dicembre </span></span></span></span>2021 <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>eff<span class=\"_ _2\"></span>etto <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>cantonament<span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>(E<span class=\"_ _1\"></span>ur<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>1,2 <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ilioni), <span class=\"_ _16\"></span>dagli <span class=\"_ _0\"></span>utilizzi <span class=\"_ _23b\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _23b\"></span>(Euro <span class=\"_ _0\"></span>4,2 <span class=\"_ _23b\"></span>milioni).<span class=\"_ _16\"></span> Per <span class=\"ls7\">un</span> pi\u00f9 ampio co<span class=\"_ _2\"></span>mmento sul risch<span class=\"_ _2\"></span>io di credito s<span class=\"_ _2\"></span>i rimanda al<span class=\"_ _2\"></span>la Nota 4<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span> 25. Cr<span class=\"_ _1\"></span>edit<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>verso<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>i, <span class=\"_ _1\"></span>colle<span class=\"_ _2\"></span>gat<span class=\"_ _2\"></span>e e<span class=\"_ _1\"></span> conso<span class=\"_ _1\"></span>ciate La<span class=\"ls0\"> <span class=\"_ _12\"> </span>voce, <span class=\"_ _12\"> </span>pari <span class=\"_ _15\"> </span><span class=\"ls3\">ad<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>Euro <span class=\"_ _15\"> </span>2,6 <span class=\"_ _12\"> </span>milioni <span class=\"_ _15\"> </span>(<span class=\"_ _3\"></span>Euro <span class=\"_ _15\"> </span>2,9 <span class=\"_ _12\"> </span>milioni <span class=\"_ _15\"> </span><span class=\"ls4\">al</span> <span class=\"_ _12\"> </span>31 <span class=\"_ _15\"> </span>dicembre <span class=\"_ _12\"> </span>2021<span class=\"ls5\">),</span> <span class=\"_ _15\"> </span>include <span class=\"_ _5\"> </span>pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _1\"></span>almen<span class=\"_ _1\"></span>te: </span><span class=\"ff21 fs2 fc0\">per <span class=\"_ _6\"></span>Euro <span class=\"_ _3\"></span>1,4 <span class=\"_ _3\"></span>milioni <span class=\"_ _6\"></span>crediti <span class=\"_ _3\"></span>verso <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>patrimonio<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>netto <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>-Dis <span class=\"_ _1\"></span>Distribuzione <span class=\"_ _16\"></span>Media </span><span class=\"ff21 fs2 fc0\">per <span class=\"_ _14\"></span>Eu<span class=\"_ _2\"></span>ro <span class=\"_ _14\"></span><span class=\"ls7\">0,</span>8 <span class=\"_ _6\"></span>milio<span class=\"_ _2\"></span>ni <span class=\"_ _14\"></span>cred<span class=\"_ _1\"></span>iti <span class=\"_ _14\"></span>ver<span class=\"_ _1\"></span>so <span class=\"_ _14\"></span><span class=\"ls17\">la</span> <span class=\"_ _14\"></span>socie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _14\"></span>cons<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>cia<span class=\"_ _1\"></span>ta <span class=\"_ _14\"></span>Tori<span class=\"_ _2\"></span>no<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>Foot<span class=\"_ _2\"></span>ba<span class=\"_ _1\"></span>ll <span class=\"_ _14\"></span>Club <span class=\"_ _14\"></span>S.<span class=\"_ _1\"></span>p.A<span class=\"_ _2\"></span>. <span class=\"_ _14\"></span>matu<span class=\"_ _2\"></span>ra<span class=\"_ _1\"></span>ti <span class=\"_ _7\"></span>principalmente </span>nell\u2019ambito dei ra<span class=\"_ _2\"></span>pporti contra<span class=\"_ _2\"></span>ttuali descritt<span class=\"_ _2\"></span>i nella suc<span class=\"_ _2\"></span>cessiva Nota 40;<span class=\"ff21\"> </span>per <span class=\"_ _b\"> </span>Euro <span class=\"_ _18\"> </span>0,4 <span class=\"_ _18\"> </span>milioni <span class=\"_ _18\"> </span><span class=\"ls6\">il</span> <span class=\"_ _18\"> </span>credito <span class=\"_ _18\"> </span>vantato <span class=\"_ _18\"> </span>da <span class=\"_ _18\"> </span>alcune <span class=\"_ _18\"> </span>societ\u00e0 <span class=\"_ _18\"> </span>del <span class=\"_ _b\"> </span>Gruppo <span class=\"_ _18\"> </span>verso <span class=\"_ _18\"> </span><span class=\"ls6\">la</span> <span class=\"_ _18\"> </span>contr<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>llan<span class=\"_ _1\"></span>te <span class=\"_ _4\"> </span>U.<span class=\"_ _2\"></span>T.<span class=\"_ _2\"></span> Co<span class=\"_ _2\"></span>mmu<span class=\"_ _2\"></span>nic<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s <span class=\"_ _5\"> </span>matu<span class=\"_ _1\"></span>rato<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>nell<span class=\"_ _2\"></span>\u2019a<span class=\"_ _1\"></span>mbito<span class=\"_ _2\"></span> <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>cons<span class=\"_ _2\"></span>ol<span class=\"_ _2\"></span>id<span class=\"_ _2\"></span>ato<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>fisca<span class=\"_ _1\"></span>le <span class=\"_ _17\"> </span>di<span class=\"_ _2\"></span> <span class=\"_ _17\"> </span>qu<span class=\"_ _1\"></span>est\u2019u<span class=\"_ _1\"></span>ltim<span class=\"_ _1\"></span>a <span class=\"_ _17\"> </span>vi<span class=\"_ _2\"></span>gen<span class=\"_ _2\"></span>te <span class=\"_ _5\"> </span>fin<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>al <span class=\"_ _5\"> </span>ter<span class=\"_ _1\"></span>mine<span class=\"_ _2\"></span> del<span class=\"_ _2\"></span>l\u2019e<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>rci<span class=\"_ _1\"></span>zio 2<span class=\"_ _1\"></span>016.<span class=\"_ _1\"></span><span class=\"ff21\"> </span>26. Cr<span class=\"_ _1\"></span>edit<span class=\"_ _1\"></span>i diver<span class=\"_ _1\"></span>si e<span class=\"_ _2\"></span>d a<span class=\"_ _1\"></span>ltre at<span class=\"_ _1\"></span>tivit<span class=\"_ _1\"></span>\u00e0 corr<span class=\"_ _2\"></span>ent<span class=\"_ _1\"></span>i La composizione d<span class=\"_ _2\"></span>ella voce pu\u00f2 e<span class=\"_ _2\"></span>ssere cos\u00ec de<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>agl<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _157\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _1\"></span>ioneCredi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> verso Erari<span class=\"_ _16\"></span>o2<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _ae\"> </span>2<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>8<span class=\"_ _23c\"> </span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>stato<span class=\"_ _cb\"> </span><span class=\"fc1\">22<span class=\"_ _1\"></span>,8<span class=\"_ _2a\"> </span>5,<span class=\"_ _16\"></span>7<span class=\"_ _a7\"> </span>17<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1</span>Ratei<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _21c\"> </span>8,<span class=\"_ _1\"></span>0<span class=\"_ _1ad\"> </span>1,<span class=\"_ _1\"></span>0Ant<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>pi<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _2\"></span>rn<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _ae\"> </span>1<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>8<span class=\"_ _b0\"> </span>(0,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)Al<span class=\"_ _16\"></span>tri<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>redi<span class=\"_ _16\"></span>ti8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _21c\"> </span>8,<span class=\"_ _1\"></span>0<span class=\"_ _1ad\"> </span>0,<span class=\"_ _1\"></span>8Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti dive<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>i e<span class=\"_ _14\"></span>d<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> att<span class=\"_ _2\"></span>ivit\u00e0<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>ti86<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _b0\"> </span>6<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _ab\"> </span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,9I cred<span class=\"_ _1\"></span>iti dive<span class=\"_ _2\"></span>rsi<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e alt<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>att<span class=\"_ _2\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>cor<span class=\"_ _2\"></span>ren<span class=\"_ _1\"></span>ti pari a Euro<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls7\">86</span>,2 mili<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span> pres<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>a<span class=\"ls7\">no</span> <span class=\"ls7\">un</span> incre<span class=\"_ _1\"></span>mento<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>24,9 <span class=\"_ _6\"></span>milioni rispetto <span class=\"_ _2\"></span>al 31<span class=\"_ _2\"></span> dice<span class=\"_ _2\"></span>mbre 2021. <span class=\"_ _2\"></span>La <span class=\"_ _2\"></span>variazione <span class=\"_ _2\"></span>\u00e8 de<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>erminata <span class=\"_ _1\"></span>principalmente da <span class=\"_ _1\"></span>maggiori crediti <span class=\"_ _1\"></span>verso erario <span class=\"_ _2\"></span>e da<span class=\"_ _1\"></span> maggiori crediti p<span class=\"_ _2\"></span>er contributi sta<span class=\"_ _2\"></span>tali <span class=\"ff24\">come descritto ne<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>la Nota 2 \u201cAltr<span class=\"_ _2\"></span>i ricavi e provent<span class=\"_ _2\"></span>i\u201d<span class=\"ff21\">. </span></span>27. C<span class=\"_ _1\"></span>assa <span class=\"_ _2\"></span>ed <span class=\"_ _1\"></span>altre<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span>sponi<span class=\"_ _1\"></span>bilit<span class=\"_ _2\"></span>\u00e0 l<span class=\"_ _2\"></span>iqu<span class=\"_ _2\"></span>ide<span class=\"_ _1\"></span> equi<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>lent<span class=\"_ _1\"></span>i La voce pu\u00f2 essere d<span class=\"_ _2\"></span>ettagliata com<span class=\"_ _2\"></span>e segu<span class=\"_ _1\"></span>e: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _22b\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>neDepo<span class=\"_ _1\"></span>si<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ban<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ari5<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>9<span class=\"_ _8a\"> </span>11<span class=\"_ _1\"></span>2,<span class=\"_ _16\"></span>7<span class=\"_ _ae\"> </span>(5<span class=\"_ _1\"></span>8,<span class=\"_ _16\"></span>8)Denaro<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ass<span class=\"_ _3\"></span>a0<span class=\"_ _1\"></span>,4<span class=\"_ _23d\"> </span>0<span class=\"_ _1\"></span>,3<span class=\"_ _113\"> </span>0,<span class=\"_ _16\"></span>1Total<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>a e<span class=\"_ _6\"></span>d a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> di<span class=\"_ _2\"></span>s<span class=\"_ _6\"></span>poni<span class=\"_ _1\"></span>bil<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _1\"></span> liq<span class=\"_ _1\"></span>uid<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> e<span class=\"_ _6\"></span>qu<span class=\"_ _2\"></span>ival<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nt<span class=\"_ _2\"></span>i54<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _d7\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,0<span class=\"_ _b0\"> </span>(5<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>)La posizione fin<span class=\"_ _2\"></span>anziaria netta conso<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>idata al 31 d<span class=\"_ _2\"></span>icembre 2022, confrontata <span class=\"_ _2\"></span>con i valori d<span class=\"_ _2\"></span>i bilancio consolidato al <span class=\"_ _2\"></span>31 dicembre <span class=\"_ _2\"></span>2021, \u00e8 riepilogata nel<span class=\"_ _2\"></span>la seguente tabe<span class=\"_ _2\"></span>lla: Pos<span class=\"_ _14\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tta (m<span class=\"_ _1\"></span>ilioni d<span class=\"_ _2\"></span>i Eur<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>)<span class=\"_ _2f\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _6e\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _6\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _1a6\"> </span>V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>niCas<span class=\"_ _3\"></span>sa<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tre di<span class=\"_ _16\"></span>spo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>de e<span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>val<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _23e\"> </span>5<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>3<span class=\"_ _23f\"> </span>1<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _ae\"> </span>(58<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>)Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _16\"></span>t\u00e0 fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span> breve term<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ne<span class=\"_ _ed\"> </span>1,<span class=\"_ _16\"></span>0<span class=\"_ _1da\"> </span>0,<span class=\"_ _16\"></span>2<span class=\"_ _238\"> </span>0,<span class=\"_ _16\"></span>8Atti<span class=\"_ _0\"></span>vi<span class=\"_ _16\"></span>t\u00e0 e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0) <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> per s<span class=\"_ _3\"></span>tru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>deri<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>ati<span class=\"_ _2c\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _21\"> </span>(0,<span class=\"_ _16\"></span>3)<span class=\"_ _238\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>brev<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>term<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _240\"> </span>(3<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _e0\"> </span>(36<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4)<span class=\"_ _238\"> </span>4,<span class=\"_ _16\"></span>6Pos<span class=\"_ _14\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tta (Ind<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io 2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,3<span class=\"_ _239\"> </span>7<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,5<span class=\"_ _a6\"> </span>(52<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span>) a br<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> te<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>mi<span class=\"_ _2\"></span>neDe<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>o l<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>term<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ne<span class=\"_ _111\"> </span>(4<span class=\"_ _1\"></span>0,<span class=\"_ _16\"></span>0)<span class=\"_ _e0\"> </span>(3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _239\"> </span>(0,<span class=\"_ _16\"></span>4)Atti<span class=\"_ _0\"></span>vi<span class=\"_ _16\"></span>t\u00e0 e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0) <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>er <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> 0<span class=\"_ _1\"></span>,4<span class=\"_ _17a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _238\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3d<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>atiPos<span class=\"_ _14\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tta (Ind<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io (3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _241\"> </span>(3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)<span class=\"_ _2a\"> </span>(0<span class=\"_ _3\"></span>,1<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span>) a m<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>dio lun<span class=\"_ _1\"></span>g<span class=\"_ _6\"></span>o <span class=\"_ _3\"></span>te<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>mi<span class=\"_ _2\"></span>nePos<span class=\"_ _14\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tta (Ind<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io (1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>)<span class=\"_ _21\"> </span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,0<span class=\"_ _a6\"> </span>(52<span class=\"_ _6\"></span>,2<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span>)P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>per c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>tra<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ocaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>(e<span class=\"_ _3\"></span>x<span class=\"_ _2\"></span> IFRS<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>16<span class=\"_ _1\"></span>)<span class=\"_ _dc\"> </span>(1<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>2,<span class=\"_ _16\"></span>4)<span class=\"_ _19f\"> </span>(1<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _8a\"> </span><span class=\"ff23\">2<span class=\"_ _3\"></span>2<span class=\"_ _6\"></span>,4</span>Pos<span class=\"_ _14\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tta (Ind<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io (1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,6<span class=\"_ _6\"></span>)<span class=\"_ _eb\"> </span>(1<span class=\"_ _3\"></span>4<span class=\"_ _6\"></span>7,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _b0\"> </span>(2<span class=\"_ _6\"></span>9,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span>) c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>oL\u2019indebitamento <span class=\"_ _6\"></span>finanz<span class=\"ff21\">iario <span class=\"_ _6\"></span>netto <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>31 <span class=\"_ _14\"></span>dicembre <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>risulta <span class=\"_ _14\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _6\"></span>15,2 <span class=\"_ _14\"></span>milioni con <span class=\"_ _14\"></span>una </span>variazione di <span class=\"_ _3\"></span>Euro 52,2 milioni <span class=\"_ _3\"></span>rispetto <span class=\"_ _2\"></span>a fine <span class=\"_ _1\"></span>2021 (al <span class=\"_ _2\"></span>31 dice<span class=\"_ _2\"></span>mbre 2021 i<span class=\"_ _3\"></span>l Gruppo <span class=\"_ _3\"></span>presentava una posizione finanziaria netta po<span class=\"_ _2\"></span>sitiva per Euro 37 <span class=\"_ _2\"></span>milioni).  Al<span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019indebitam<span class=\"_ _2\"></span>ento finanziario netto <span class=\"ff21\">di <span class=\"ls31\">RCS</span> \u00e8 <span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>31,6 milioni (al <span class=\"_ _1\"></span>31 dicembre <span class=\"_ _2\"></span>2021 </span></span></span>RCS<span class=\"ls0\"> <span class=\"_ _1\"></span>pr<span class=\"_ _3\"></span>esentava <span class=\"_ _2\"></span>una posiz<span class=\"_ _2\"></span>ione finanziar<span class=\"_ _2\"></span>ia netta positiv<span class=\"_ _2\"></span>a per Euro <span class=\"ls7\">16</span>,7 milioni).  </span>La <span class=\"_ _a1\"> </span>posizione <span class=\"_ _a1\"> </span>finanziaria<span class=\"_ _2\"></span> <span class=\"_ _a1\"> </span>netta <span class=\"_ _a1\"> </span>complessiva <span class=\"_ _a1\"> </span>\u00e8 <span class=\"_ _a1\"> </span>stata <span class=\"_ _a1\"> </span>impattata <span class=\"_ _a1\"> </span>negativamente <span class=\"_ _a1\"> </span>dagli <span class=\"_ _a1\"> </span>investimenti <span class=\"_ _a1\"> </span>in immobilizzaz<span class=\"_ _2\"></span>ioni, <span class=\"_ _14\"></span>tra <span class=\"_ _14\"></span>cui <span class=\"_ _6\"></span>l\u2019acquisto <span class=\"_ _14\"></span>dell\u2019immob<span class=\"_ _2\"></span>ile <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>vi<span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>Solferino <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>59,9 <span class=\"_ _14\"></span>milion<span class=\"_ _2\"></span>i, <span class=\"_ _7\"> </span><span class=\"ff21\">dagli <span class=\"_ _14\"></span>effetti <span class=\"_ _14\"></span>netti </span>delle distribuzioni<span class=\"_ _2\"></span> di dividendi per Eu<span class=\"_ _1\"></span>ro <span class=\"_ _3\"></span>36,3 milioni e dagl<span class=\"_ _2\"></span>i oneri non ricorr<span class=\"_ _2\"></span>enti. L\u2019indebitamento<span class=\"ff21\"> <span class=\"_ _0\"></span>finanziar<span class=\"_ _2\"></span>io <span class=\"_ _0\"></span>netto <span class=\"_ _16\"></span>complessivo, <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>comprende <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _16\"></span>passiv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _16\"></span>finanziarie <span class=\"_ _1\"></span>relative <span class=\"_ _1\"></span>a co<span class=\"_ _2\"></span>ntratti </span></span></span>di <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>iscritti in <span class=\"_ _6\"></span>bilancio ex <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16 <span class=\"_ _6\"></span>(princ<span class=\"_ _2\"></span>ipalmente l<span class=\"_ _3\"></span>ocazioni di <span class=\"_ _3\"></span>immobili) <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>62,4 <span class=\"_ _3\"></span>milioni, ammonta a Euro 177,6 milioni con una variaz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>one negativa di Euro 29,8 milioni rispetto al 31 dice<span class=\"_ _2\"></span>mbre 2021 (Euro 147,8 milioni<span class=\"_ _2\"></span>) Di <span class=\"_ _15\"> </span>seguito <span class=\"_ _15\"> </span>si <span class=\"_ _12\"> </span>espone <span class=\"_ _15\"> </span>il <span class=\"_ _12\"> </span>dettagl<span class=\"_ _2\"></span>io <span class=\"_ _15\"> </span>della <span class=\"_ _12\"> </span>Posizione <span class=\"_ _15\"> </span>Finanziar<span class=\"_ _2\"></span>ia <span class=\"_ _15\"> </span>Netta <span class=\"_ _15\"> </span>Complessiva <span class=\"_ _15\"> </span>cos\u00ec <span class=\"_ _15\"> </span>come <span class=\"_ _12\"> </span>definita <span class=\"_ _15\"> </span>dagli \u201cOrientamenti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>materia <span class=\"_ _6\"></span>di obblighi <span class=\"_ _6\"></span>informativi ai <span class=\"_ _6\"></span>sensi <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>regolamento sul <span class=\"_ _14\"></span>pro<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>pet<span class=\"_ _2\"></span>to\u201d<span class=\"_ _2\"></span><span class=\"ff21\"> pub<span class=\"_ _1\"></span>blica<span class=\"_ _1\"></span>ti <span class=\"ls7\">da</span> ES<span class=\"_ _2\"></span>MA<span class=\"_ _1\"></span> </span>in<span class=\"ls0\"> <span class=\"_ _16\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>4 <span class=\"_ _16\"></span>marz<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span><span class=\"ls7\">2021<span class=\"ls0\"> <span class=\"_ _16\"></span>con <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>do<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span><span class=\"ff24\">\u201cES<span class=\"_ _1\"></span>MA32<span class=\"_ _2\"></span><span class=\"ff21\">-<span class=\"ls7\">382</span>-<span class=\"_ _1\"></span><span class=\"ff24\">1138\u201d<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff21\">e <span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>preso <span class=\"_ _16\"></span>da <span class=\"_ _1\"></span>CONSOB <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>5/21 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span><span class=\"ls7\">29<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>aprile <span class=\"_ _1\"></span>2021. </span></span></span></span></span></span></span></span></span></span></span>Tale vo<span class=\"_ _2\"></span>ce <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> passivi<span class=\"_ _2\"></span>t\u00e0 finan<span class=\"_ _2\"></span>ziarie relative a cont<span class=\"_ _2\"></span>ratti di locazion<span class=\"_ _2\"></span>e a breve e/o a lungo <span class=\"_ _2\"></span>termine e i debiti<span class=\"_ _2\"></span> </span></span>non <span class=\"_ _11\"> </span>r<span class=\"_ _3\"></span>emunerati, <span class=\"_ _11\"> </span>che <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>esentano <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>significativa <span class=\"_ _12\"> </span>componente <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>fi<span class=\"_ _3\"></span>nanziamen<span class=\"_ _2\"></span>to <span class=\"_ _12\"> </span>implicito <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>esplicito <span class=\"_ _12\"> </span>(ad esempio i debiti <span class=\"_ _2\"></span>verso forni<span class=\"_ _2\"></span>tori con una scadenza <span class=\"_ _2\"></span>superiore a 12 <span class=\"_ _2\"></span>mesi), ed eventual<span class=\"_ _2\"></span>i altri prestiti in<span class=\"_ _2\"></span>fr<span class=\"_ _2\"></span>utt<span class=\"_ _1\"></span>ifer<span class=\"_ _2\"></span>i.<span class=\"_ _2\"></span> Ind<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bita<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tto3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _1a6\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _18c\"> </span>V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ni(m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)A  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>de<span class=\"_ _242\"> </span>5<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>,3<span class=\"_ _23a\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _23\"> </span>(5<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>)B   <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Mez<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>equ<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>val<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span>spo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>de<span class=\"_ _10f\"> </span><span class=\"fc0\">-<span class=\"_ _122\"> </span></span>-<span class=\"_ _3e\"> </span><span class=\"fc0\">-</span>C   <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Al<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _243\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _d4\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _d4\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6D  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Liqu<span class=\"_ _1\"></span>idi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(A+<span class=\"_ _3\"></span>B<span class=\"_ _6\"></span>+<span class=\"_ _3\"></span>C)<span class=\"_ _14c\"> </span>5<span class=\"_ _3\"></span>6<span class=\"_ _6\"></span>,2<span class=\"_ _2a\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _23f\"> </span>(5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1<span class=\"_ _6\"></span>)E   <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrente<span class=\"_ _236\"> </span>(35<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _23\"> </span>(42<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _58\"> </span>6,<span class=\"_ _16\"></span>5d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>Pas<span class=\"_ _3\"></span>sivit\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rre<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tti d<span class=\"_ _3\"></span>i loc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _b8\"> </span>(28<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _1ee\"> </span>(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>)<span class=\"_ _b3\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1F    <span class=\"_ _3\"></span> P<span class=\"_ _6\"></span>arte <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> debi<span class=\"_ _0\"></span>to fi<span class=\"_ _16\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _1\"></span>te<span class=\"_ _22e\"> </span>(2<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7)<span class=\"_ _23\"> </span>(2<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3)<span class=\"_ _43\"> </span>(0,<span class=\"_ _16\"></span>4)G<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> I<span class=\"_ _3\"></span>nd<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>iar<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nte<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>(E+<span class=\"_ _3\"></span>F)<span class=\"_ _233\"> </span>(60<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _1ee\"> </span>(6<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _b3\"> </span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1H <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> I<span class=\"_ _3\"></span>nd<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>(di<span class=\"_ _2\"></span>s<span class=\"_ _6\"></span>ponib<span class=\"_ _1\"></span>ilit\u00e0<span class=\"_ _1\"></span>) <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nte<span class=\"_ _6\"></span> (4<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)<span class=\"_ _238\"> </span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _23f\"> </span>(5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span> - D<span class=\"_ _3\"></span>)I  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>o no<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>te<span class=\"_ _244\"> </span>(1<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>2)<span class=\"_ _ae\"> </span>(1<span class=\"_ _1\"></span>94<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _8e\"> </span>21<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>Pas<span class=\"_ _3\"></span>sivit\u00e0 <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tti di lo<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _166\"> </span>(1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _aa\"> </span>(15<span class=\"_ _6\"></span>4,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>)<span class=\"_ _238\"> </span>2<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3J  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> Stru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deb<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _1b0\"> </span><span class=\"fc0\">-<span class=\"_ _122\"> </span></span>-<span class=\"_ _3e\"> </span><span class=\"fc0\">-</span>K  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> D<span class=\"_ _3\"></span>ebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>ebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _19a\"> </span>-<span class=\"_ _122\"> </span><span class=\"fc0\">-</span>L   <span class=\"_ _3\"></span> <span class=\"_ _3\"></span> Inde<span class=\"_ _6\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> no<span class=\"_ _3\"></span>n co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nte<span class=\"_ _6\"></span> (I+<span class=\"_ _3\"></span>J<span class=\"_ _3\"></span>+<span class=\"_ _3\"></span>K<span class=\"_ _3\"></span>)<span class=\"_ _5a\"> </span>(1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _a7\"> </span>(1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>)<span class=\"_ _238\"> </span>2<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2M<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>To<span class=\"_ _3\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _2\"></span>de<span class=\"_ _6\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto (dis<span class=\"_ _6\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>lit\u00e0<span class=\"_ _1\"></span>) f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span> (1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _aa\"> </span>(14<span class=\"_ _3\"></span>7<span class=\"_ _6\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _1ee\"> </span>(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)co<span class=\"_ _3\"></span>mp<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(H+<span class=\"_ _3\"></span>L)Le passivit\u00e0 finan<span class=\"_ _2\"></span>ziarie del G<span class=\"_ _2\"></span>ruppo sono commentate n<span class=\"_ _1\"></span>el<span class=\"_ _3\"></span>la successiva Nota <span class=\"ls1\">29.<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span>28. P<span class=\"_ _1\"></span>atrim<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span>o n<span class=\"_ _2\"></span>ett<span class=\"_ _1\"></span>o Il<span class=\"ls0\"> <span class=\"_ _16\"></span>patrimonio <span class=\"_ _16\"></span>netto <span class=\"_ _16\"></span>consolidato <span class=\"_ _16\"></span>del <span class=\"_ _16\"></span>Gruppo <span class=\"_ _0\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _16\"></span>2022 <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _1\"></span>pari <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>Euro <span class=\"_ _16\"></span>525 <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ilioni, <span class=\"_ _1\"></span>inclusivo <span class=\"_ _1\"></span>del <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>isultato </span></span></span>dell\u2019esercizio. <span class=\"_ _8\"></span><span class=\"ls48\">Le</span> <span class=\"_ _15\"></span>variazio<span class=\"_ _2\"></span>ni <span class=\"_ _8\"></span>nei <span class=\"_ _8\"></span>conti <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>patrimonio <span class=\"_ _8\"></span>netto <span class=\"_ _8\"></span>sono <span class=\"_ _8\"></span>esposte <span class=\"_ _12\"> </span>nel <span class=\"_ _11\"> </span>Prospetto <span class=\"_ _15\"> </span>delle <span class=\"_ _12\"> </span>variazioni <span class=\"_ _12\"> </span>del patrimonio netto<span class=\"_ _2\"></span> consolidato. Il <span class=\"_ _14\"></span>prospetto <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>raccordo <span class=\"_ _14\"></span>tra <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>patrimonio <span class=\"_ _14\"></span>netto <span class=\"_ _14\"></span>ed <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>risultato <span class=\"_ _14\"></span>della <span class=\"_ _14\"></span>Capogruppo <span class=\"_ _14\"></span>ed <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>patrimonio <span class=\"_ _6\"></span>netto <span class=\"_ _7\"></span>ed <span class=\"_ _7\"></span><span class=\"ls17\">il </span>risultato del Grupp<span class=\"_ _2\"></span>o \u00e8 esposto n<span class=\"_ _2\"></span>ella Relazion<span class=\"_ _2\"></span>e degli ammin<span class=\"_ _2\"></span>istratori sul<span class=\"_ _2\"></span>la gestione. L\u2019Assemblea degli Azionisti di Cairo <span class=\"_ _3\"></span>Communicat<span class=\"_ _2\"></span>ion del 3 <span class=\"_ _3\"></span>maggio 2022 <span class=\"_ _3\"></span>ha deliberato la distribuzione di <span class=\"_ _3\"></span>un dividendo di <span class=\"_ _3\"></span>0,18 Euro <span class=\"_ _3\"></span>per azione, <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>lordo delle r<span class=\"_ _3\"></span>itenute di <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>egge, con <span class=\"_ _3\"></span>data st<span class=\"_ _3\"></span>acco cedola <span class=\"_ _3\"></span>il 23 <span class=\"_ _3\"></span>maggio 2022, per complessivi Eu<span class=\"_ _2\"></span>ro 24,2 mi<span class=\"_ _2\"></span>lioni. Il capitale sociale della Cairo Communication S.p.A., interament<span class=\"_ _2\"></span>e sottoscritto e versato, \u00e8 pari<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre </span></span>2022 <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>Euro<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>7 <span class=\"_ _16\"></span>milioni <span class=\"_ _16\"></span><span class=\"ls3\">ed<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _1\"></span>costituito <span class=\"_ _16\"></span><span class=\"ls7\">da<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>n. <span class=\"_ _1\"></span>134.416.598 <span class=\"_ _0\"></span>azioni <span class=\"_ _1\"></span>ordinarie, <span class=\"_ _1\"></span>se<span class=\"_ _3\"></span>nza <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ndicazione<span class=\"_ _2\"></span> del <span class=\"_ _2\"></span>valore<span class=\"_ _2\"></span> nominale. </span></span></span></span>Ai<span class=\"ls0\"> <span class=\"_ _f\"> </span>sensi <span class=\"_ _f\"> </span>dello <span class=\"_ _10\"> </span>Statuto <span class=\"_ _f\"> </span><span class=\"ls17\">le</span> <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>nominative,<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>indivisibili <span class=\"_ _10\"> </span>e <span class=\"_ _f\"> </span>liberamente <span class=\"_ _10\"> </span>trasferibili. <span class=\"_ _6\"></span>Sono <span class=\"_ _f\"> </span>salve <span class=\"_ _10\"> </span><span class=\"ls17\">le<span class=\"_ _3\"></span></span> </span>disposizioni <span class=\"_ _14\"></span><span class=\"ls6\">in</span> <span class=\"_ _6\"></span>materia <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>rappresentazion<span class=\"_ _2\"></span>e, <span class=\"_ _14\"></span>legittimazione, <span class=\"_ _14\"></span>circolazi<span class=\"_ _2\"></span>one <span class=\"_ _1\"></span>della <span class=\"_ _16\"></span>partecipazione <span class=\"_ _16\"></span>sociale <span class=\"_ _1\"></span>previste<span class=\"_ _2\"></span> per <span class=\"_ _14\"></span>i <span class=\"_ _14\"></span>titoli <span class=\"_ _14\"></span>negoziati <span class=\"_ _6\"></span>nei <span class=\"_ _14\"></span>mercati <span class=\"_ _14\"></span>regolament<span class=\"_ _2\"></span>ati. <span class=\"_ _14\"></span>Ogni <span class=\"_ _6\"></span>azione <span class=\"_ _14\"></span>attribuisce <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _14\"></span>diritto <span class=\"_ _6\"></span>ad <span class=\"_ _14\"></span>una <span class=\"_ _14\"></span>parte <span class=\"_ _14\"></span>proporzionale<span class=\"_ _2\"></span> degli utili di cui sia deliberata la distribuzione <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>patrimonio netto <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>isultante <span class=\"_ _3\"></span>dalla liquidazione <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"_ _3\"></span><span class=\"ls6\">il</span> <span class=\"_ _3\"></span>diritto di <span class=\"_ _1\"></span>voto, <span class=\"_ _2\"></span>sen<span class=\"_ _1\"></span>za <span class=\"_ _16\"></span>limitazioni <span class=\"_ _16\"></span>diverse <span class=\"_ _16\"></span>da <span class=\"_ _1\"></span>quelle <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>legge. <span class=\"_ _1\"></span>Non <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>stati <span class=\"_ _16\"></span>emessi <span class=\"_ _16\"></span>tit<span class=\"_ _3\"></span>oli <span class=\"_ _16\"></span>che <span class=\"_ _16\"></span>conferiscono <span class=\"_ _1\"></span>diritti <span class=\"_ _16\"></span>speciali di <span class=\"_ _14\"></span>controllo. <span class=\"_ _6\"></span>Non <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>stati <span class=\"_ _6\"></span>emessi <span class=\"_ _14\"></span>strumenti <span class=\"_ _6\"></span>finanziari <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>attribuiscano <span class=\"_ _6\"></span>il <span class=\"_ _14\"></span>diritto <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>sottoscriv<span class=\"_ _2\"></span>ere <span class=\"_ _6\"></span>azioni <span class=\"_ _14\"></span>di nuova <span class=\"_ _3\"></span>emissione. <span class=\"_ _6\"></span>Non <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>previsti <span class=\"_ _6\"></span>piani <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>incentivazione <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>bas<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>azionaria <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>comportino <span class=\"_ _3\"></span>aumenti, <span class=\"_ _6\"></span>anche gratuiti, del cap<span class=\"_ _2\"></span>itale sociale<span class=\"_ _2\"></span>. La<span class=\"ls0\"> se<span class=\"_ _2\"></span>guente <span class=\"_ _1\"></span>tabella <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ostra <span class=\"_ _2\"></span><span class=\"ls17\">la<span class=\"ls0\"> ricon<span class=\"_ _2\"></span>ciliazione <span class=\"_ _1\"></span>tra <span class=\"ls17\">il</span> <span class=\"_ _1\"></span>numero <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> circo<span class=\"_ _2\"></span>lazione <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> 31 <span class=\"_ _1\"></span>dicembre 2022 <span class=\"_ _1\"></span>e il </span></span></span></span></span></span></span>numero delle azion<span class=\"_ _2\"></span>i in circolazione<span class=\"_ _2\"></span> al 31 dicemb<span class=\"_ _2\"></span>re 2021: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _245\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Aum<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>Ca<span class=\"_ _2\"></span>pi<span class=\"_ _1\"></span>tale<span class=\"_ _3\"></span> Acqu<span class=\"_ _2\"></span>is<span class=\"_ _6\"></span>to/ Ce<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ione<span class=\"_ _6\"></span> 31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2Socia<span class=\"_ _2\"></span>lea<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>oni pr<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>pr<span class=\"_ _1\"></span>ieAz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>emesse<span class=\"_ _b8\"> </span>1<span class=\"_ _1\"></span>34<span class=\"_ _1\"></span>.41<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.59<span class=\"_ _1\"></span>8<span class=\"_ _f7\"> </span>-<span class=\"_ _df\"> </span>-<span class=\"_ _1a6\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>.41<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.59<span class=\"_ _1\"></span>8Az<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>pri<span class=\"_ _16\"></span>e<span class=\"_ _1b9\"> </span>(77<span class=\"_ _1\"></span>9)<span class=\"_ _f7\"> </span>-<span class=\"_ _df\"> </span>-<span class=\"_ _26\"> </span>(77<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>)Az<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span> o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> in cir<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>la<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ne<span class=\"_ _18c\"> </span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>9<span class=\"_ _143\"> </span>-<span class=\"_ _df\"> </span>-<span class=\"_ _206\"> </span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>.4<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>9Nel <span class=\"_ _15\"> </span>corso <span class=\"_ _15\"> </span>del <span class=\"_ _15\"> </span>2022, <span class=\"_ _12\"> </span>nell\u2019a<span class=\"_ _2\"></span>mbito <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>programmi <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>acquisto <span class=\"_ _15\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>azioni <span class=\"_ _8\"></span>proprie, <span class=\"_ _15\"> </span>non <span class=\"_ _12\"> </span>sono <span class=\"_ _8\"></span>state <span class=\"_ _12\"> </span>vendute <span class=\"_ _8\"></span><span class=\"ls7\">n\u00e9</span> acquistate azioni prop<span class=\"_ _2\"></span>rie. Alla data de<span class=\"_ _2\"></span>l 31 dicembre 20<span class=\"_ _2\"></span>22 Cairo Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _3\"></span>possedeva <span class=\"_ _2\"></span>un <span class=\"_ _1\"></span>totale <span class=\"ls7\">di</span> <span class=\"_ _1\"></span>n. 779<span class=\"_ _2\"></span> azioni proprie, <span class=\"_ _3\"></span>pari allo <span class=\"_ _3\"></span>0,001% del <span class=\"_ _3\"></span>capitale sociale per <span class=\"_ _3\"></span><span class=\"ls17\">le</span> <span class=\"_ _3\"></span><span class=\"ff24\">quali <span class=\"_ _14\"></span>si <span class=\"_ _14\"></span>applica <span class=\"_ _14\"></span>la <span class=\"_ _7\"></span>disciplin<span class=\"_ _2\"></span>a <span class=\"_ _14\"></span>dell\u2019art. <span class=\"_ _14\"></span>2357<span class=\"ff21\">-ter <span class=\"_ _14\"></span>del </span></span>codice civile.<span class=\"fs0\"> </span>La<span class=\"ls0\"> <span class=\"_ _16\"></span>voce <span class=\"_ _1\"></span>Utili <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>esercizi <span class=\"_ _16\"></span>precedenti <span class=\"_ _16\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ls4\">al<span class=\"ls6\">tre<span class=\"ls0\"> <span class=\"_ _16\"></span>riserve, <span class=\"_ _16\"></span>pari <span class=\"_ _16\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _16\"></span>Euro <span class=\"_ _1\"></span>261,7 <span class=\"_ _16\"></span>milioni <span class=\"_ _16\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>31 <span class=\"_ _1\"></span>dicembre 2022, incl<span class=\"_ _2\"></span>ude: </span></span></span></span></span></span></span></span></span></span><span class=\"ff21 fs2 fc0\">per Euro 262,3 mil<span class=\"_ _2\"></span>ioni, utili r<span class=\"_ _2\"></span>iportati a <span class=\"ls7\">nuovo;</span> </span><span class=\"ff21 fs2 fc0\">per Euro 1,4 milioni, la r<span class=\"_ _2\"></span>iserva leg<span class=\"_ _1\"></span>ale;<span class=\"_ _1\"></span> </span><span class=\"ff21 fs2 fc0\">per <span class=\"_ _6\"></span>negativi <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ilione <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>riserva <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>valutazione <span class=\"_ _3\"></span>(Euro <span class=\"_ _6\"></span>3,<span class=\"_ _3\"></span>7 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2021) <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>costituita </span>dal<span class=\"ls6\">la</span> <span class=\"_ _1\"></span>riserva <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>conversione <span class=\"_ _16\"></span>utilizzata <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>registrare <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>differenze <span class=\"_ _1\"></span>cambio <span class=\"_ _2\"></span>nonch\u00e9 <span class=\"_ _1\"></span>la rile<span class=\"_ _2\"></span>vazione <span class=\"_ _1\"></span>di utili <span class=\"_ _1\"></span>e pe<span class=\"_ _2\"></span>rdite </span></span></span></span>attuariali nell\u2019amb<span class=\"_ _2\"></span>ito del processo di attualizza<span class=\"_ _2\"></span>zione del tratta<span class=\"_ _2\"></span>mento di fine rapporto<span class=\"ff21\"> nonch\u00e9 il relativo effetto </span>fiscale. <span class=\"ff21 fs2 fc0\">per <span class=\"_ _15\"></span>positivi <span class=\"_ _7\"></span>Euro <span class=\"_ _8\"></span>0,8 <span class=\"_ _8\"></span>mili<span class=\"_ _3\"></span>oni, <span class=\"_ _8\"></span>la <span class=\"_ _8\"></span>riserva <span class=\"_ _8\"></span><span class=\"ff26\">cash <span class=\"_ _8\"></span>flow <span class=\"_ _8\"></span>hedge <span class=\"_ _15\"></span></span>che <span class=\"_ _7\"></span>comprende <span class=\"_ _8\"></span>gli <span class=\"_ _8\"></span>effetti <span class=\"_ _8\"></span>rilevati <span class=\"_ _8\"></span>dire<span class=\"_ _3\"></span>ttamente <span class=\"_ _7\"></span>a </span>patrimonio net<span class=\"_ _2\"></span>to come de<span class=\"_ _2\"></span>sunti dalla <span class=\"_ _1\"></span>valutazione <span class=\"ls4\">a </span><span class=\"ff26\">fair <span class=\"_ _2\"></span>value <span class=\"ff21\">degl<span class=\"_ _2\"></span>i strumenti <span class=\"_ _2\"></span>finanziari de<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ivati a cope<span class=\"_ _2\"></span>rtura dei </span></span>flussi per varia<span class=\"_ _2\"></span>zioni di tasso, nonch<span class=\"_ _2\"></span>\u00e9 il relativo e<span class=\"_ _2\"></span>ffetto fis<span class=\"_ _2\"></span>cal<span class=\"_ _1\"></span>e; per <span class=\"_ _5\"> </span>n<span class=\"_ _2\"></span>egativi <span class=\"_ _4\"> </span>Euro <span class=\"_ _f\"> </span>1,8 <span class=\"_ _4\"> </span>milioni, <span class=\"_ _4\"> </span>la <span class=\"_ _4\"> </span>riserva <span class=\"_ _4\"> </span>da <span class=\"_ _4\"> </span>attivit\u00e0 <span class=\"_ _4\"> </span>finanziarie <span class=\"_ _f\"> </span>valutate <span class=\"_ _4\"> </span>al <span class=\"_ _5\"> </span>fair <span class=\"_ _4\"> </span>value <span class=\"_ _4\"> </span>through <span class=\"_ _f\"> </span>other comprehensive <span class=\"_ _1\"></span>income<span class=\"ff21\">. <span class=\"ff24\">C<span class=\"_ _2\"></span>omprende <span class=\"_ _1\"></span>gli effe<span class=\"_ _2\"></span>tti <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span>dalla valuta<span class=\"_ _2\"></span>zione <span class=\"_ _2\"></span>degli <span class=\"_ _1\"></span>\u201cAltri s<span class=\"_ _2\"></span>trumenti <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>pitale <span class=\"_ _1\"></span>non </span></span>correnti\u201d. 29. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> e <span class=\"_ _2\"></span>pas<span class=\"_ _2\"></span>siv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>inanzi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ie <span class=\"_ _2\"></span>non<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>orre<span class=\"_ _1\"></span>nti L<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>vo<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span> \u201c<span class=\"_ _1\"></span>de<span class=\"_ _2\"></span>bi<span class=\"_ _1\"></span>ti <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>pas<span class=\"_ _1\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>rie<span class=\"_ _1\"></span> n<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>or<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>i\u201d<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>ar<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>E<span class=\"_ _2\"></span>ur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span><span class=\"ff21 ls1\">40<span class=\"ls0\"> m<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _1\"></span>3<span class=\"ls1\">9,</span>6<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>il<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>ni<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>31<span class=\"_ _1\"></span> d<span class=\"_ _1\"></span>ice<span class=\"_ _1\"></span>mb<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span> 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>1<span class=\"ls6a\">) </span></span></span>in<span class=\"_ _1\"></span>cl<span class=\"_ _2\"></span>ud<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>rte<span class=\"_ _1\"></span> n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n <span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span> de<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _2\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>ba<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>. <span class=\"_ _1\"></span> Di seguito sono descritti i principali finanz<span class=\"_ _2\"></span>iamenti ban<span class=\"_ _1\"></span>cari:<span class=\"_ _1\"></span> Ind<span class=\"_ _2\"></span>ebi<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ario<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> <span class=\"ls6b\">RCS</span> Il <span class=\"_ _2\"></span>Contratto d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> Fin<span class=\"_ _2\"></span>anziamento <span class=\"_ _1\"></span>sottoscritto da <span class=\"_ _1\"></span>RCS nel<span class=\"_ _2\"></span>l\u2019agosto <span class=\"_ _2\"></span>2017 <span class=\"_ _2\"></span>e po<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>negoziato <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>l 1<span class=\"_ _2\"></span>0 ott<span class=\"_ _2\"></span>obre <span class=\"_ _2\"></span>2018 <span class=\"_ _2\"></span>non ha<span class=\"_ _1\"></span> subito modifiche <span class=\"_ _2\"></span>nel corso del 20<span class=\"_ _2\"></span>22. I principali termini e cond<span class=\"_ _1\"></span>izioni del<span class=\"_ _3\"></span> finanzia<span class=\"_ _2\"></span>mento sono, inter alia, i se<span class=\"_ _2\"></span>gue<span class=\"_ _1\"></span>nti:<span class=\"_ _1\"></span> a)<span class=\"ff29 ls0\"> <span class=\"_\"> </span><span class=\"ff21 fs2 fc0\">scadenza al 31 dice<span class=\"_ _2\"></span>mbre 20<span class=\"_ _2\"></span>23<span class=\"_ _2\"></span>; </span></span>b) <span class=\"_ _12\"> </span><span class=\"ff21 fs2 fc0 ls6\">la<span class=\"ls0\"> suddivisione <span class=\"_ _1\"></span>del finanziamen<span class=\"_ _2\"></span>to <span class=\"ls6\">in</span> <span class=\"_ _1\"></span>una linea <span class=\"_ _2\"></span>di cred<span class=\"_ _2\"></span>ito <span class=\"ff26\">term <span class=\"_ _1\"></span>amortising <span class=\"ff21\">(al <span class=\"_ _1\"></span>31 dicembre 2022<span class=\"ls5\">) </span>di importo </span></span></span></span>residuo pari a <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>25 milioni e <span class=\"_ _3\"></span>una li<span class=\"_ _3\"></span>nea di credito <span class=\"_ _3\"></span><span class=\"ff26\">revolving <span class=\"ff24\">dell\u2019importo </span></span>originario di <span class=\"_ _3\"></span>Euro 125 milioni che si \u00e8 ridotta a E<span class=\"_ _2\"></span>uro 60 milioni i<span class=\"_ _2\"></span>l 31 dicembre 20<span class=\"_ _2\"></span>22 (non utilizzata al 31 d<span class=\"_ _2\"></span>icembre 2022<span class=\"ls5\">);<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span>c) <span class=\"_ _10\"> </span><span class=\"ff21 fs2 fc0\">un tasso di interess<span class=\"_ _2\"></span>e annuo pari a<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>la somma di Eurib<span class=\"_ _2\"></span>or di riferiment<span class=\"_ _2\"></span>o e un mar<span class=\"_ _2\"></span>gine variab<span class=\"_ _2\"></span>ile, a seconda <span class=\"_ _2\"></span>del </span>Leverage Ratio<span class=\"ff21\">;<span class=\"_ _2\"></span> </span>d) <span class=\"_ _12\"> </span>la <span class=\"_ _17\"> </span>previ<span class=\"_ _2\"></span>sione <span class=\"_ _5\"> </span>di <span class=\"_ _5\"> </span>un <span class=\"_ _17\"> </span>unico <span class=\"_ _5\"> </span><span class=\"ff26\">covenant <span class=\"_ _5\"> </span></span>rappresentato <span class=\"_ _5\"> </span>dal <span class=\"_ _17\"> </span>Leverag<span class=\"_ _2\"></span>e <span class=\"_ _5\"> </span>Ratio <span class=\"_ _17\"> </span>(i.e. <span class=\"_ _5\"> </span>Posizione <span class=\"_ _5\"> </span>Finanziaria Netta/EBITDA<span class=\"_ _2\"></span>). <span class=\"_ _1\"></span>Tale <span class=\"_ _16\"></span>covenant, <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>partire <span class=\"_ _1\"></span>dal <span class=\"_ _16\"></span>2019, <span class=\"_ _1\"></span>non <span class=\"_ _16\"></span>deve <span class=\"_ _16\"></span>essere <span class=\"_ _1\"></span>superiore <span class=\"_ _1\"></span>a 3<span class=\"_ _2\"></span>x <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>di ciascun anno; e)<span class=\"ff29 ls0\"> <span class=\"_\"> </span><span class=\"ff21 fs2 fc0\">un piano <span class=\"_ _3\"></span>ammortamento <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>credito <span class=\"_ _3\"></span><span class=\"ff26\">term <span class=\"_ _3\"></span>amortising <span class=\"_ _3\"></span></span>che <span class=\"_ _3\"></span>prevede <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>rimborso <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>ate <span class=\"_ _3\"></span>semestrali </span></span>di Euro 12,5 mil<span class=\"_ _2\"></span>ioni. Il <span class=\"_\"> </span>contratto <span class=\"_\"> </span>di <span class=\"_\"> </span>finanz<span class=\"_ _2\"></span>iamento <span class=\"_\"> </span>contiene <span class=\"_\"> </span>p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>evisioni <span class=\"_\"> </span>relat<span class=\"_ _2\"></span>ive <span class=\"_\"> </span>ad <span class=\"_\"> </span>eventi <span class=\"_\"> </span>di <span class=\"_\"> </span>ri<span class=\"_ _2\"></span>mborso <span class=\"_\"> </span>a<span class=\"_ _3\"></span>nticipato <span class=\"_\"> </span>obb<span class=\"_ _1\"></span>liga<span class=\"_ _2\"></span>tor<span class=\"_ _1\"></span>io, dic<span class=\"_ _2\"></span>hia<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>zio<span class=\"_ _1\"></span>ni, <span class=\"_ _16\"></span>obb<span class=\"_ _1\"></span>ligh<span class=\"_ _2\"></span>i, <span class=\"_ _0\"></span>even<span class=\"_ _1\"></span>ti <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>revo<span class=\"_ _2\"></span>ca<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _16\"></span>sogl<span class=\"_ _2\"></span>ie <span class=\"_ _0\"></span><span class=\"ls1\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>mater<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>lit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>mple<span class=\"_ _1\"></span>ssiv<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>e <span class=\"_ _16\"></span>pi\u00f9 <span class=\"_ _1\"></span>favorevoli <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>RCS <span class=\"_ _1\"></span>rispetto </span></span></span></span>al <span class=\"_ _7\"></span>precedente <span class=\"_ _14\"></span>contratto <span class=\"_ _14\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>finanziamento. <span class=\"_ _7\"></span>Tali <span class=\"_ _14\"></span>clausole <span class=\"_ _14\"></span>si <span class=\"_ _8\"></span>ap<span class=\"_ _2\"></span>pl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>-<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>ti<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>es<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>pl<span class=\"_ _2\"></span>if<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>- <span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>p<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>vi<span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i re<span class=\"_ _1\"></span>la<span class=\"_ _2\"></span>ti<span class=\"_ _1\"></span>ve<span class=\"_ _2\"></span> a ac<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>rd<span class=\"_ _1\"></span>i <span class=\"ls1\">di</span> te<span class=\"_ _1\"></span>so<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span> e fi<span class=\"_ _1\"></span>na<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>i e <span class=\"_ _3\"></span>garan<span class=\"_ _1\"></span>zie <span class=\"_ _3\"></span>inf<span class=\"_ _2\"></span>rag<span class=\"_ _1\"></span>ruppo<span class=\"_ _2\"></span>, acqu<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>izio<span class=\"_ _1\"></span>ni, <span class=\"ff26\">join<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>ven<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>es<span class=\"ff21\">,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>inv<span class=\"_ _2\"></span>est<span class=\"_ _1\"></span>imen<span class=\"_ _2\"></span>ti e </span></span>rio<span class=\"_ _2\"></span>rga<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>zza<span class=\"_ _1\"></span>zion<span class=\"_ _2\"></span>i <span class=\"_ _16\"></span>cons<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>i, <span class=\"_ _0\"></span>assunzione <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>indebitamento <span class=\"_ _16\"></span>finanziario, <span class=\"_ _0\"></span>atti <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>disposizione <span class=\"_ _0\"></span>e <span class=\"_ _16\"></span>riduzione <span class=\"_ _0\"></span>del <span class=\"_ _16\"></span>capitale. Nel <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ese <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>ottobre <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _3\"></span>stipulato <span class=\"_ _3\"></span>un <span class=\"_ _14\"></span>nuovo <span class=\"_ _3\"></span>contratto <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>finanziamento <span class=\"_ _6\"></span><span class=\"ff26\">amortizing</span> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>un <span class=\"_ _3\"></span>importo <span class=\"_ _6\"></span>pari <span class=\"_ _3\"></span>a Euro <span class=\"_ _3\"></span>30 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>Line <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Credito <span class=\"_ _3\"></span>Revolving dell\u2019importo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>milioni. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>Euro 30 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>ha scadenza <span class=\"_ _6\"></span>31 <span class=\"_ _14\"></span>dicembre <span class=\"_ _6\"></span>2027 <span class=\"_ _6\"></span>ed <span class=\"_ _14\"></span>ha <span class=\"_ _14\"></span>un <span class=\"_ _6\"></span>piano <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>ammortamento <span class=\"_ _6\"></span>semestrale <span class=\"_ _6\"></span>costante <span class=\"_ _14\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _6\"></span>4,3 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>a partire <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>31 <span class=\"_ _6\"></span>dicembre 2024. <span class=\"_ _3\"></span>Tal<span class=\"_ _3\"></span><span class=\"ff24\">e <span class=\"_ _3\"></span>finanziamento <span class=\"_ _3\"></span>prevede <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>somma <span class=\"_ _3\"></span>dell\u2019Euribor </span>sei <span class=\"_ _12\"> </span>m<span class=\"_ _3\"></span>esi <span class=\"_ _12\"> </span>ed <span class=\"_ _11\"> </span>un <span class=\"_ _12\"> </span>margine <span class=\"_ _11\"> </span>variabile <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>seconda <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>Leverage <span class=\"_ _12\"> </span>Ratio <span class=\"_ _12\"> </span>(Posizione <span class=\"_ _12\"> </span>Finanziaria <span class=\"_ _12\"> </span>Netta/EBITDA), verificato <span class=\"_ _3\"></span>annualment<span class=\"_ _2\"></span>e. <span class=\"_ _3\"></span>La Line<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Credito <span class=\"_ _3\"></span>Revolving<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>importo <span class=\"_ _3\"></span>massimo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0 <span class=\"_ _3\"></span>milioni (non <span class=\"_ _3\"></span>utilizzata al <span class=\"_ _15\"> </span>31 <span class=\"_ _15\"> </span>dicembre <span class=\"_ _15\"></span>2022) <span class=\"_ _15\"> </span><span class=\"ff24\">ha <span class=\"_ _15\"> </span>scadenza <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>12 <span class=\"_ _15\"> </span>ottobre <span class=\"_ _15\"> </span>2026 <span class=\"_ _8\"> </span>e <span class=\"_ _12\"> </span>prevede <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>tasso <span class=\"_ _8\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>i<span class=\"_ _3\"></span>nteresse <span class=\"_ _15\"> </span>pari <span class=\"_ _8\"> </span>all\u2019Euribor <span class=\"_ _15\"> </span>di </span>riferimento <span class=\"_ _7\"></span>ed <span class=\"_ _7\"></span>un <span class=\"_ _14\"></span>m<span class=\"_ _3\"></span>argine <span class=\"_ _14\"></span>variabile <span class=\"_ _7\"></span>a <span class=\"_ _8\"></span>seconda <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Leverage <span class=\"_ _14\"></span>Ratio <span class=\"_ _7\"></span>(Posizione <span class=\"_ _7\"></span>Finanziaria <span class=\"_ _14\"></span>Netta/EBITDA), verificato annua<span class=\"_ _2\"></span>lmente. Le due linee sopra descritte prevedono un unico covenant costitui<span class=\"_ _2\"></span>to da una soglia massima di Leverage Ratio<span class=\"_ _1\"></span> (PFN/EBITDA<span class=\"_ _2\"></span> ante IFRS 16 e an<span class=\"_ _2\"></span>te oneri/prove<span class=\"_ _2\"></span>nti non ricorrenti)<span class=\"_ _2\"></span> pari a 3,00x. Fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iamen<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> U<span class=\"_ _2\"></span>nicr<span class=\"_ _2\"></span>edit<span class=\"_ _1\"></span> Cairo <span class=\"_ _f\"> </span>Communication <span class=\"_ _10\"> </span>S.p.A. <span class=\"_ _10\"> </span>ha <span class=\"_ _4\"> </span>sottoscrit<span class=\"_ _2\"></span>to <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>Unicredit, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>data <span class=\"_ _f\"> </span>3 <span class=\"_ _f\"> </span>agosto <span class=\"_ _f\"> </span>2021, <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>finanziam<span class=\"_ _3\"></span>ento chirografario <span class=\"_ _6\"></span>revolving <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>importo <span class=\"_ _6\"></span>complessivo <span class=\"_ _6\"></span>pari <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _14\"></span>10 <span class=\"_ _6\"></span>milioni. <span class=\"_ _6\"></span>Alla <span class=\"_ _14\"></span>data <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>2 <span class=\"_ _6\"></span>era utilizzato per 5 <span class=\"_ _2\"></span>milioni. Il finanziamen<span class=\"_ _2\"></span>to ha scadenza 31 lugl<span class=\"_ _2\"></span>io 2023 e prevede, inter al<span class=\"_ _1\"></span>ia: a)<span class=\"ff29 ls0\"> <span class=\"_\"> </span><span class=\"ff21 fs2 fc0\">alcune <span class=\"_ _6\"></span>previsioni <span class=\"_ _3\"></span>relative <span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>eventi <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>rimborso <span class=\"_ _6\"></span>anticipato <span class=\"_ _6\"></span>obbligatorio, <span class=\"_ _6\"></span>dichiarazioni, <span class=\"_ _6\"></span>obblighi, <span class=\"_ _6\"></span>eventi <span class=\"_ _6\"></span>di </span></span>revoca e relative <span class=\"_ _2\"></span>soglie di ma<span class=\"_ _2\"></span>terialit\u00e0, b) <span class=\"_ _12\"> </span>covenant <span class=\"_ _4\"> </span>finanziari <span class=\"_ _4\"> </span>a <span class=\"_ _4\"> </span>livello <span class=\"_ _4\"> </span>bilancio <span class=\"_ _f\"> </span>cons<span class=\"_ _3\"></span>olidato <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>Gruppo <span class=\"_ _f\"> </span>un <span class=\"_ _5\"> </span><span class=\"ff26\">debt <span class=\"_ _4\"> </span>cover <span class=\"_ _4\"> </span></span>(posizione <span class=\"_ _4\"> </span>finanzia<span class=\"_ _2\"></span>ria netta/Ebitda) <span class=\"_ _1\"></span>minore o ugu<span class=\"_ _1\"></span>ale a 2,5 <span class=\"_ _1\"></span>e <span class=\"ff26\">leverage </span>(inde<span class=\"_ _2\"></span>bitamento <span class=\"_ _1\"></span>f<span class=\"_ _3\"></span>inanziario <span class=\"_ _1\"></span>netto/patrimonio ne<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>to) <span class=\"_ _2\"></span>minore o uguale a 1, c)<span class=\"ff29 ls0\"> <span class=\"_ _f\"> </span><span class=\"ff21 fs2 fc0 ls6\">il<span class=\"ls0\"> rimborso a<span class=\"_ _2\"></span>nticipato nel c<span class=\"_ _1\"></span>as<span class=\"_ _3\"></span>o di <span class=\"ff26\">change of contro<span class=\"_ _2\"></span>l <span class=\"ff21\">della Cairo C<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>mun<span class=\"_ _2\"></span>ica<span class=\"_ _1\"></span>tion.<span class=\"_ _1\"></span> </span></span></span></span></span>A copertura dell\u2019esposi<span class=\"_ _2\"></span>zione debitoria \u00e8 stato stipulato un <span class=\"ff26\">interest rate cap <span class=\"ff21\">per un importo di euro <span class=\"_ _2\"></span>10 <span class=\"_ _2\"></span>milioni. </span></span>Per u<span class=\"_ _2\"></span>lteriori <span class=\"_ _1\"></span>commenti sul<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>ivato <span class=\"_ _2\"></span><span class=\"ls34\">si<span class=\"ls0\"> <span class=\"_ _1\"></span>rimanda al<span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>successiva <span class=\"_ _1\"></span>Nota n.34. <span class=\"_ _2\"></span> </span></span>Cairo <span class=\"_ _6\"></span>Editore <span class=\"_ _6\"></span>S.p.A. <span class=\"_ _14\"></span>ha <span class=\"_ _6\"></span>sottoscritto <span class=\"_ _6\"></span>con <span class=\"_ _14\"></span>Unicred<span class=\"_ _2\"></span>it, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>dat<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>3 <span class=\"_ _14\"></span>agosto <span class=\"_ _6\"></span>2021, <span class=\"_ _6\"></span>un <span class=\"_ _14\"></span>contra<span class=\"_ _2\"></span>tto <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>finanziamen<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>per l\u2019importo <span class=\"_ _8\"> </span>complessivo <span class=\"_ _15\"> </span>di <span class=\"_ _8\"> </span>Euro <span class=\"_ _12\"> </span>10 <span class=\"_ _8\"> </span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _15\"> </span>assistito <span class=\"_ _8\"> </span>da <span class=\"_ _15\"> </span>garanzia <span class=\"_ _12\"> </span>rilasciata <span class=\"_ _8\"></span>da <span class=\"_ _15\"> </span>BEI <span class=\"_ _15\"> </span>(Banca <span class=\"_ _15\"> </span>Europea <span class=\"_ _15\"> </span>per <span class=\"_ _8\"></span>gl<span class=\"_ _3\"></span>i investimenti). Il <span class=\"_ _2\"></span>finanziamento ha <span class=\"_ _2\"></span>scadenza 31 agos<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o 2024 e prev<span class=\"_ _2\"></span>ede, inter alia: a)<span class=\"ff29 ls0\"> <span class=\"_\"> </span><span class=\"ff21 fs2 fc0\">alcune <span class=\"_ _6\"></span>previsioni <span class=\"_ _3\"></span>relative <span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>eventi <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>rimborso <span class=\"_ _6\"></span>anticipato <span class=\"_ _6\"></span>obbliga<span class=\"_ _2\"></span>torio, <span class=\"_ _6\"></span>dichiarazioni, <span class=\"_ _6\"></span>obblighi, <span class=\"_ _6\"></span>eventi <span class=\"_ _6\"></span>di </span></span>revoca e relative <span class=\"_ _2\"></span>soglie di materialit\u00e0,<span class=\"_ _2\"></span> b) <span class=\"_ _12\"> </span>covenant <span class=\"_ _4\"> </span>finanziari <span class=\"_ _4\"> </span>a <span class=\"_ _4\"> </span>livello <span class=\"_ _4\"> </span>bilancio <span class=\"_ _f\"> </span>cons<span class=\"_ _3\"></span>olidato <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>Gruppo <span class=\"_ _f\"> </span>un <span class=\"_ _5\"> </span><span class=\"ff26\">debt <span class=\"_ _4\"> </span>cover <span class=\"_ _4\"> </span></span>(posizione <span class=\"_ _4\"> </span>finanzia<span class=\"_ _2\"></span>ria netta/Ebitda) <span class=\"_ _1\"></span>minore o ugu<span class=\"_ _1\"></span>ale a 2,5 <span class=\"_ _1\"></span>e <span class=\"ff26\">leverage </span>(inde<span class=\"_ _2\"></span>bitamento <span class=\"_ _1\"></span>fi<span class=\"_ _3\"></span>nanziario <span class=\"_ _1\"></span>netto/patrimonio <span class=\"_ _2\"></span>netto) <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>inore o uguale a 1, c) <span class=\"_ _10\"> </span>un <span class=\"_ _12\"> </span>piano <span class=\"_ _15\"> </span>ammortamento <span class=\"_ _8\"></span>che <span class=\"_ _12\"> </span>prevede <span class=\"_ _15\"> </span><span class=\"ls17\">il</span> <span class=\"_ _12\"> </span>rimborso <span class=\"_ _15\"></span><span class=\"ls6\">in</span> <span class=\"_ _15\"></span>rate <span class=\"_ _15\"> </span>3 <span class=\"_ _12\"> </span><span class=\"ls7\">da</span> <span class=\"_ _12\"> </span>Euro <span class=\"_ _15\"> </span>3,3 <span class=\"_ _12\"> </span>milioni <span class=\"_ _15\"> </span>decorso <span class=\"_ _15\"> </span>il <span class=\"_ _11\"> </span>periodo<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>di ammortamento d<span class=\"_ _2\"></span>ella durata del<span class=\"_ _2\"></span>la durata di 18 <span class=\"_ _2\"></span>mesi. d)<span class=\"ff29 ls0\"> <span class=\"_ _11\"> </span><span class=\"ff21 fs2 fc0 ls6\">il<span class=\"ls0\"> rimbor<span class=\"_ _2\"></span>so anticipato nel <span class=\"_ _2\"></span>caso di <span class=\"ff26\">change o<span class=\"_ _2\"></span>f control <span class=\"ff21\">della Ca<span class=\"_ _2\"></span>iro Com<span class=\"_ _1\"></span>munic<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> </span></span></span></span></span>A copertura dell\u2019espos<span class=\"_ _2\"></span>izione debitoria<span class=\"_ _2\"></span> \u00e8 stato stipulato un <span class=\"ff26\">interest rate cap <span class=\"ff21\">per un importo di euro 10<span class=\"_ _2\"></span> milioni. </span></span>Per ulteriori<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>menti sul <span class=\"_ _1\"></span>derivato <span class=\"ls4a\">si</span> rimanda <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>successiva <span class=\"_ _1\"></span>Nota <span class=\"ls7\">n.34.</span> 30.<span class=\"_ _1\"></span> Pas<span class=\"_ _2\"></span>siv<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nti<span class=\"_ _1\"></span> e non <span class=\"_ _1\"></span>corr<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i p<span class=\"_ _2\"></span>er <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>atti d<span class=\"_ _2\"></span>i l<span class=\"_ _2\"></span>oc<span class=\"_ _2\"></span>azi<span class=\"_ _2\"></span>one In <span class=\"_ _16\"></span>queste <span class=\"_ _16\"></span>voci <span class=\"_ _1\"></span>sono <span class=\"_ _16\"></span>classificate, <span class=\"_ _16\"></span>come <span class=\"_ _16\"></span>previsto <span class=\"_ _16\"></span>dal <span class=\"_ _16\"></span>principio <span class=\"_ _1\"></span>contabile <span class=\"_ _16\"></span>IFRS <span class=\"_ _0\"></span>16, <span class=\"_ _1\"></span>le <span class=\"_ _16\"></span>pas<span class=\"_ _3\"></span>sivit\u00e0 <span class=\"_ _16\"></span>finanziarie <span class=\"_ _16\"></span>derivanti dai canoni di lo<span class=\"_ _2\"></span>cazione ancora d<span class=\"_ _2\"></span>a pagare. Rispetto <span class=\"_ _11\"> </span>all\u2019anno <span class=\"_ _11\"> </span>precedente <span class=\"_ _12\"> </span>la <span class=\"_\"> </span>pass<span class=\"_ _2\"></span>ivit\u00e0 <span class=\"_ _11\"> </span>finanziaria <span class=\"_ _12\"> </span>\u00e8 <span class=\"_\"> </span>increment<span class=\"_ _2\"></span>ata <span class=\"_ _11\"> </span>per <span class=\"_ _11\"> </span>tenere <span class=\"_ _11\"> </span>conto <span class=\"_\"> </span>deg<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i <span class=\"_ _11\"> </span>interessi<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>che maturano, diminu<span class=\"_ _2\"></span>ita <span class=\"ls6\">in</span> co<span class=\"_ _2\"></span>rrelazione con i paga<span class=\"_ _2\"></span>menti dei canoni <span class=\"_ _2\"></span>di locazione <span class=\"ff24\">e l\u2019acquisto dell\u2019im<span class=\"_ _2\"></span>mobile di via </span>Solferino e rettif<span class=\"_ _2\"></span>icata per tener c<span class=\"_ _2\"></span>onto di eventua<span class=\"_ _2\"></span>li rideterminazio<span class=\"_ _2\"></span>ni della pass<span class=\"_ _2\"></span>ivit\u00e0 del leasing. In particolare, a<span class=\"_ _2\"></span>l 31 dicembre <span class=\"ls7\">202</span>2:<span class=\"_ _1\"></span> <span class=\"ff21 fs2 fc0\">le <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _16\"></span>finanziarie <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>correnti <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>contratti <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>locazione <span class=\"_ _16\"></span>hanno <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>residuo <span class=\"_ _1\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>133,6 <span class=\"_ _1\"></span>milioni </span>(Euro 154,9 milioni <span class=\"_ _2\"></span>al 31 dice<span class=\"_ _2\"></span>mbre 2021) <span class=\"ff21 fs2 fc0\">le <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _14\"></span>finanziari<span class=\"_ _2\"></span>e <span class=\"_ _14\"></span>correnti <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>contratti <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>locazione <span class=\"_ _14\"></span>hanno <span class=\"_ _14\"></span>un <span class=\"_ _7\"></span>valore <span class=\"_ _14\"></span>residuo <span class=\"_ _14\"></span>pari <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>2<span class=\"_ _6\"></span>8,8 <span class=\"_ _14\"></span>milioni </span>(Euro 29,9 milioni <span class=\"_ _2\"></span>al 31 dic<span class=\"_ _2\"></span>embre 2021) 31. T<span class=\"_ _1\"></span>ratta<span class=\"_ _1\"></span>mento <span class=\"_ _1\"></span>di fi<span class=\"_ _2\"></span>ne r<span class=\"_ _1\"></span>appor<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> Il Trattamento di fin<span class=\"_ _2\"></span>e rapporto rapp<span class=\"_ _2\"></span>resenta una forma d<span class=\"_ _2\"></span>i retribuzione del pers<span class=\"_ _2\"></span>onale a correspon<span class=\"_ _2\"></span>sio<span class=\"_ _3\"></span>ne differita, rinviata <span class=\"_ _7\"></span>alla <span class=\"_ _8\"></span>fine <span class=\"_ _7\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>rapporto <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>lavoro. <span class=\"_ _7\"></span>La <span class=\"_ _8\"></span>passivit\u00e0 <span class=\"_ _7\"></span>relativa <span class=\"_ _8\"></span>alle <span class=\"_ _7\"></span>indennit\u00e0 <span class=\"_ _8\"></span>di <span class=\"_ _7\"></span>f<span class=\"_ _3\"></span>ine <span class=\"_ _7\"></span>rapporto <span class=\"_ _8\"></span>\u00e8 <span class=\"_ _8\"></span>attualizzata secondo <span class=\"_ _3\"></span>quanto stabilito <span class=\"_ _3\"></span>dallo <span class=\"_ _3\"></span>IAS <span class=\"_ _3\"></span>19 <span class=\"_ _3\"></span>utilizzando un <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>attualizzazione <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>3,6%. <span class=\"_ _6\"></span><span class=\"ls48\">La</span> <span class=\"_ _3\"></span>composizione e <span class=\"_ _3\"></span><span class=\"ls17\">la</span> movimentazione<span class=\"_ _2\"></span> <span class=\"ff24\">dell\u2019eserci<span class=\"_ _2\"></span>zio<span class=\"ff21\"> \u00e8 esposta ne<span class=\"_ _2\"></span>l prospe<span class=\"_ _2\"></span>tto che se<span class=\"_ _2\"></span>gue<span class=\"_ _1\"></span>: </span></span>De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>22<span class=\"_ _21b\"> </span>31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>21V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>neSa<span class=\"_ _1\"></span>ld<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>ini<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>le4<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,8<span class=\"_ _238\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,2<span class=\"_ _228\"> </span>(1<span class=\"_ _3\"></span>,4<span class=\"_ _3\"></span>)Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>nam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span><span class=\"fc0\"> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>co</span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _246\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _158\"> </span>(1,<span class=\"_ _16\"></span>3)In<span class=\"_ _1\"></span>te<span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>passi<span class=\"_ _16\"></span>vi0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _72\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2</span>P<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>te <span class=\"_ _3\"></span>(u<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>) da val<span class=\"_ _16\"></span>ut<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>ttu<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _6\"></span><span class=\"fc0\"> a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>om<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>pl<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>vo</span>(3<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _43\"> </span>(1<span class=\"_ _1\"></span>,3<span class=\"_ _1\"></span>)<span class=\"_ _56\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1)Uti<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>/al<span class=\"_ _16\"></span>tri<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i(2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _43\"> </span>(1<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _56\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8)Sa<span class=\"_ _1\"></span>ld<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,3<span class=\"_ _238\"> </span>4<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,8<span class=\"_ _228\"> </span>(5<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)Di <span class=\"_ _7\"></span>seguito <span class=\"_ _14\"></span>si <span class=\"_ _7\"></span>evidenziano <span class=\"_ _14\"></span>gli <span class=\"_ _7\"></span>organici <span class=\"_ _7\"></span>puntuali <span class=\"_ _14\"></span>amministrativi <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>dat<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>del <span class=\"_ _14\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2022, suddivisi per qual<span class=\"_ _2\"></span>ifica e per<span class=\"_ _2\"></span> area geografica: Sono riconducibi<span class=\"_ _2\"></span>li <span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>Gruppo <span class=\"ls31\">RCS</span> n. <span class=\"_ _3\"></span>2.932 dipen<span class=\"_ _1\"></span>dent<span class=\"_ _1\"></span>i. 32. F<span class=\"_ _1\"></span>ondi <span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _2\"></span> e<span class=\"_ _1\"></span>d oner<span class=\"_ _1\"></span>i e fo<span class=\"_ _1\"></span>ndo im<span class=\"_ _2\"></span>pos<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span> diff<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>te La movimentaz<span class=\"_ _2\"></span>ione del per<span class=\"_ _2\"></span>iodo \u00e8 esposta ne<span class=\"_ _2\"></span>l seguente pr<span class=\"_ _2\"></span>osp<span class=\"_ _1\"></span>etto:<span class=\"_ _1\"></span> De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>one31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/<span class=\"_ _1\"></span>20<span class=\"_ _2\"></span>21Acc<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>n.tiUtili<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iAltr<span class=\"_ _1\"></span>i 31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/<span class=\"_ _1\"></span>20<span class=\"_ _2\"></span>22ne<span class=\"_ _6\"></span>ttim<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _6\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _1\"></span>tiFo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>nd<span class=\"_ _1\"></span>enn<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>entel<span class=\"_ _16\"></span>a4,<span class=\"_ _1\"></span>0<span class=\"_ _196\"> </span>0,3<span class=\"_ _69\"> </span>(0,<span class=\"_ _1\"></span>4)<span class=\"_ _14f\"> </span>(0<span class=\"_ _1\"></span>,8)<span class=\"_ _af\"> </span>3,1Fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>ertenz<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gal<span class=\"_ _16\"></span>i12<span class=\"_ _1\"></span>,8<span class=\"_ _20a\"> </span>1,1<span class=\"_ _69\"> </span>(1,<span class=\"_ _2\"></span>9)<span class=\"_ _a3\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>1<span class=\"_ _1\"></span>1,9Fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>di<span class=\"_ _16\"></span> per i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span> perso<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>al<span class=\"_ _16\"></span>e19<span class=\"_ _1\"></span>,4<span class=\"_ _20a\"> </span>0,6<span class=\"_ _69\"> </span>(1,<span class=\"_ _2\"></span>5)<span class=\"_ _a3\"> </span>(0,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>1<span class=\"_ _1\"></span>7,9Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>chi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span> on<span class=\"_ _1\"></span>eri25<span class=\"_ _1\"></span>,7<span class=\"_ _20a\"> </span>2,6<span class=\"_ _69\"> </span>(1,<span class=\"_ _2\"></span>3)<span class=\"_ _a3\"> </span>(0,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>2<span class=\"_ _1\"></span>6,2Totale<span class=\"_ _6\"></span> g<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>le61<span class=\"_ _1\"></span>,9<span class=\"_ _20a\"> </span>4,6<span class=\"_ _69\"> </span>(5,<span class=\"_ _2\"></span>1)<span class=\"_ _a3\"> </span>(2,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>5<span class=\"_ _1\"></span>9,1Il <span class=\"_ _3\"></span>\u201cFondo <span class=\"_ _6\"></span>indennit\u00e0 <span class=\"_ _3\"></span>clientela\u201d <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>l\u2019importo<span class=\"ff21\">, <span class=\"_ _3\"></span>assoggettato <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>valutazione <span class=\"_ _3\"></span>attuariale, <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>corrispond<span class=\"_ _2\"></span>ere <span class=\"_ _3\"></span>agli <span class=\"_ _6\"></span>agenti </span>in base alla norm<span class=\"_ _2\"></span>ativa ed agli acco<span class=\"_ _2\"></span>rdi collet<span class=\"_ _2\"></span>tivi vigenti. Il<span class=\"ls0\"> <span class=\"ff24\">\u201cFondo</span> <span class=\"_ _3\"></span>vertenze <span class=\"ff24\">legali\u201d,</span> pari a <span class=\"_ _3\"></span>Euro 11,9 milioni, \u00e8 r<span class=\"_ _3\"></span>elativo a potenziali passivit\u00e0 derivanti <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>controversie<span class=\"_ _1\"></span> </span>in essere con <span class=\"_ _3\"></span>terzi e si<span class=\"_ _3\"></span> riferisce sia a <span class=\"_ _3\"></span>cause civili sia a <span class=\"_ _3\"></span>cause di di<span class=\"_ _3\"></span>ffamazion<span class=\"_ _2\"></span>e legate ad articoli <span class=\"_ _3\"></span>pubblicati sulle testate del Gruppo.<span class=\"_ _2\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _14e\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _1\"></span>ioneDi<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>gen<span class=\"_ _2\"></span>ti124<span class=\"_ _1be\"> </span>121<span class=\"_ _a3\"> </span><span class=\"ls0\">3</span>Quad<span class=\"_ _1\"></span>ri303<span class=\"_ _1be\"> </span>304<span class=\"_ _83\"> </span><span class=\"ls0\">(1)</span>Im<span class=\"_ _1\"></span>pi<span class=\"_ _16\"></span>egati1<span class=\"_ _2\"></span>.81<span class=\"_ _1\"></span>8<span class=\"_ _23c\"> </span>1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>76<span class=\"_ _1\"></span>8<span class=\"_ _7d\"> </span><span class=\"ls73\">50</span>G<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rn<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>sti1<span class=\"_ _2\"></span>.43<span class=\"_ _1\"></span>2<span class=\"_ _23c\"> </span>1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>44<span class=\"_ _1\"></span>6<span class=\"_ _158\"> </span>(1<span class=\"_ _1\"></span>4)Operai183<span class=\"_ _1be\"> </span>178<span class=\"_ _a3\"> </span><span class=\"ls0\">5</span>Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>ne<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>le3.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _d7\"> </span>3<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _7b\"> </span><span class=\"ls74\">43</span>De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _247\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>neItal<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a2<span class=\"_ _2\"></span>.74<span class=\"_ _1\"></span>3<span class=\"_ _e0\"> </span>2.7<span class=\"_ _1\"></span>03<span class=\"_ _7b\"> </span><span class=\"ls75\">40</span>Estero1<span class=\"_ _2\"></span>.11<span class=\"_ _1\"></span>7<span class=\"_ _e0\"> </span>1.1<span class=\"_ _1\"></span>14<span class=\"_ _20f\"> </span>3Total<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> g<span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>ne<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>le3.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _a6\"> </span>3<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>17<span class=\"_ _163\"> </span><span class=\"ls76\">43</span>I <span class=\"_ _6\"></span><span class=\"ff24\">\u201cFo<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls17\">il</span> <span class=\"_ _14\"></span></span>pers<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>\u201d,<span class=\"ff21\"> <span class=\"_ _6\"></span>pari<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>Eur<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>17,9<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>milion<span class=\"_ _1\"></span>i, <span class=\"_ _14\"></span>in<span class=\"_ _1\"></span>cludo<span class=\"_ _2\"></span>no<span class=\"_ _2\"></span> <span class=\"_ _14\"></span><span class=\"ls17\">le</span> <span class=\"_ _6\"></span>poten<span class=\"_ _1\"></span>ziali<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>lega<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>gestione <span class=\"_ _8\"></span>del </span></span>personale <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>risoluzione di <span class=\"_ _1\"></span>rapporti <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>avoro <span class=\"_ _2\"></span>subordinato <span class=\"_ _1\"></span>e som<span class=\"_ _2\"></span>ministrato <span class=\"_ _15\"></span>e <span class=\"_ _1\"></span>sono riconducib<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>li pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> Euro <span class=\"_ _1\"></span>14 milioni al Gruppo R<span class=\"_ _2\"></span>CS e p<span class=\"_ _2\"></span>er Euro 3,9 milioni alla <span class=\"_ _2\"></span>controllata <span class=\"_ _2\"></span>La7. Gli<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff24\">\u201cAl<span class=\"_ _2\"></span>tri<span class=\"ff21\"> <span class=\"_ _16\"></span>fond<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>risch<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span><span class=\"ls3\">ed<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff24\">one<span class=\"_ _1\"></span>ri\u201d<span class=\"ff21\"> <span class=\"_ _1\"></span>son<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>princ<span class=\"_ _2\"></span>ipa<span class=\"_ _1\"></span>lmen<span class=\"_ _2\"></span>te <span class=\"_ _16\"></span>rela<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>vi <span class=\"_ _16\"></span>a <span class=\"_ _1\"></span>pass<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>pote<span class=\"_ _2\"></span>nzi<span class=\"_ _1\"></span>ali <span class=\"_ _16\"></span>ricon<span class=\"_ _1\"></span>ducib<span class=\"_ _1\"></span>ili <span class=\"ls3\">al</span> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _2\"></span><span class=\"ls31\">RCS<span class=\"ls0\"> <span class=\"_ _1\"></span>e </span></span></span></span></span></span></span></span>a <span class=\"_ _8\"></span>La7, <span class=\"_ _8\"></span>accantonati <span class=\"_ _8\"></span>a <span class=\"_ _8\"></span>fronte <span class=\"_ _8\"></span>del <span class=\"_ _15\"></span>rischio <span class=\"_ _8\"></span>derivante<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>da<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>richieste <span class=\"_ _8\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _8\"></span>risarcimento <span class=\"_ _11\"> </span>danni <span class=\"_\"> </span>or<span class=\"_ _2\"></span>iginatesi <span class=\"_\"> </span>dura<span class=\"_ _2\"></span>nte <span class=\"_\"> </span>l<span class=\"_ _2\"></span>a produzione e mes<span class=\"_ _2\"></span>sa in onda<span class=\"_ _2\"></span> di programmi telev<span class=\"_ _2\"></span>isivi e per alt<span class=\"_ _2\"></span>ri rischi contrat<span class=\"_ _2\"></span>tuali. In<span class=\"ls0\"> <span class=\"_ _2\"></span>conformit\u00e0 <span class=\"_ _1\"></span>a quanto <span class=\"_ _1\"></span>disposto <span class=\"_ _1\"></span>dai pr<span class=\"_ _2\"></span>incipi <span class=\"_ _2\"></span>contabili <span class=\"_ _1\"></span>internazionali <span class=\"_ _1\"></span><span class=\"ls17\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>quota a <span class=\"_ _1\"></span>lungo <span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ermine <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>fondi <span class=\"_ _6\"></span>rischi <span class=\"_ _3\"></span>\u00e8 </span></span></span>stata <span class=\"_\"> </span>so<span class=\"_ _2\"></span>ttoposta <span class=\"_ _11\"> </span>ad <span class=\"_\"> </span>attu<span class=\"_ _2\"></span>alizzazione <span class=\"_ _11\"> </span>per <span class=\"_\"> </span>t<span class=\"_ _2\"></span>ener <span class=\"_ _11\"> </span>c<span class=\"_ _3\"></span>onto <span class=\"_\"> </span>della <span class=\"_ _11\"> </span>componente <span class=\"_ _11\"> </span>finanziaria <span class=\"_ _11\"> </span>implicitamente <span class=\"_ _11\"> </span>inclusa, utilizzando un tasso pari <span class=\"_ _3\"></span>a circa lo <span class=\"_ _3\"></span>3,7% <span class=\"_ _3\"></span>per il fondo indennit\u00e0 clientela <span class=\"_ _1\"></span>e 2,85% <span class=\"_ _2\"></span>per <span class=\"ls6\">il</span> <span class=\"_ _1\"></span>fondo verten<span class=\"_ _2\"></span>ze lega<span class=\"_ _2\"></span>li <span class=\"ls4\">e </span>del 2,77% per gl<span class=\"_ _2\"></span>i altri fondi<span class=\"_ _2\"></span> ed oneri. L\u2019analisi<span class=\"ff21\"> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span><span class=\"ff26\">se<span class=\"_ _3\"></span>nsitivity <span class=\"_ _1\"></span><span class=\"ff21\">sul <span class=\"_ _1\"></span>rischio <span class=\"_ _2\"></span>tasso <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> at<span class=\"_ _2\"></span>tualizzazione, <span class=\"_ _1\"></span>assumendo <span class=\"_ _1\"></span>una <span class=\"_ _2\"></span>variazion<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>parallela <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>+/- <span class=\"_ _6\"></span>0,5% <span class=\"_ _3\"></span>non </span></span></span></span></span>ha evidenziato e<span class=\"_ _2\"></span>ffetti signif<span class=\"_ _2\"></span>icativi. Le pas<span class=\"_ _3\"></span>sivit\u00e0 per <span class=\"_ _3\"></span>imposte <span class=\"_ _3\"></span>differi<span class=\"_ _2\"></span>te, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>Euro 16<span class=\"_ _3\"></span>3,4 <span class=\"_ _3\"></span>milioni (<span class=\"_ _3\"></span>Euro 162,1 <span class=\"_ _3\"></span>milioni al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2021) <span class=\"_ _3\"></span>sono prevalentemente <span class=\"_ _2\"></span>riconducibili a<span class=\"_ _2\"></span>lla business combina<span class=\"_ _2\"></span>tion del Gruppo R<span class=\"_ _2\"></span>C<span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>. 33.<span class=\"_ _1\"></span> Altre<span class=\"_ _1\"></span> pas<span class=\"_ _2\"></span>siv<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ren<span class=\"_ _2\"></span>ti La <span class=\"_ _7\"></span>voce <span class=\"_ _8\"></span><span class=\"ff24\">\u201caltre</span> <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span><span class=\"ff24\">correnti\u201d,</span> <span class=\"_ _8\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>Euro <span class=\"_ _8\"></span>1,3 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>(Euro <span class=\"_ _7\"></span>1,2 <span class=\"_ _8\"></span>milioni <span class=\"_ _7\"></span><span class=\"ls4\">al</span> <span class=\"_ _8\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _12\"> </span>2021), <span class=\"_ _11\"> </span>\u00e8 interamente ricondu<span class=\"_ _2\"></span>cibile al Grupp<span class=\"_ _2\"></span>o RCS e include la <span class=\"_ _2\"></span>quota a lungo <span class=\"_ _2\"></span>termine di debiti d<span class=\"_ _2\"></span>i natura fiscale. 34. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> e <span class=\"_ _2\"></span>pas<span class=\"_ _2\"></span>siv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>inanzi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ie <span class=\"_ _2\"></span>corr<span class=\"_ _1\"></span>enti La<span class=\"ls0\"> voce, <span class=\"_ _2\"></span>pari <span class=\"ls4\">ad</span> <span class=\"_ _2\"></span>Euro 31,8 <span class=\"_ _1\"></span>milioni (Euro 36,8 <span class=\"_ _1\"></span>milioni <span class=\"ls4\">al</span> 31 di<span class=\"_ _2\"></span>cembre 2021<span class=\"_ _1\"></span><span class=\"ls5\">),<span class=\"ls0\"> incl<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>de:<span class=\"_ _1\"></span> </span></span></span><span class=\"ff21 fs2 fc0\">per <span class=\"_ _7\"></span>Euro <span class=\"_ _14\"></span>31,8 <span class=\"_ _7\"></span>milioni <span class=\"_ _14\"></span>(Euro <span class=\"_ _7\"></span>36,4 <span class=\"_ _14\"></span>milioni <span class=\"_ _14\"></span><span class=\"ls4\">al</span> <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>2021<span class=\"ls5\">),</span> <span class=\"_ _14\"></span><span class=\"ls6\">la</span> <span class=\"_ _14\"></span>parte <span class=\"_ _7\"></span>corrent<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>dei <span class=\"_ _1\"></span>finanziamenti <span class=\"_ _16\"></span>bancari </span>descritti nella pr<span class=\"_ _2\"></span>ecedente N<span class=\"_ _2\"></span>ota 29 e gli scopert<span class=\"_ _2\"></span>i di conto cor<span class=\"_ _2\"></span>rente; <span class=\"ff21 fs2 fc0\">Nel <span class=\"_ _3\"></span>2021, <span class=\"_ _3\"></span>era <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>inclusa <span class=\"_ _3\"></span>nella <span class=\"_ _3\"></span>voce<span class=\"ls7\">, <span class=\"_ _3\"></span></span>per <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>0,4 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>quota <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>breve t<span class=\"_ _3\"></span>ermine di <span class=\"_ _3\"></span>strumenti f<span class=\"_ _3\"></span>inanziari </span>derivati iscritti a<span class=\"_ _2\"></span>l <span class=\"ff26\">fair value <span class=\"ff24\">con live<span class=\"_ _2\"></span>llo gerarchico 2 a<span class=\"_ _2\"></span>i sensi dell\u2019I<span class=\"_ _2\"></span>FRS 7.<span class=\"ff21\"> </span></span></span>Di <span class=\"_ _12\"> </span>seguito <span class=\"_ _12\"> </span>si <span class=\"_ _12\"> </span>riportano <span class=\"_ _12\"> </span>le <span class=\"_ _12\"> </span>principali <span class=\"_ _12\"> </span>tipologie <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>strumenti <span class=\"_ _12\"> </span>finanziari <span class=\"_ _15\"> </span>derivati, <span class=\"_ _12\"> </span>evidenziando <span class=\"_ _15\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>finalit\u00e0 <span class=\"_ _15\"> </span>di copertura o <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> nego<span class=\"_ _2\"></span>ziazione <span class=\"_ _1\"></span>per<span class=\"_ _3\"></span> <span class=\"ls6\">le<span class=\"_ _2\"></span><span class=\"ls0\"> qua<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i s<span class=\"_ _2\"></span>ono st<span class=\"_ _2\"></span>ati sot<span class=\"_ _2\"></span>toscritti <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> re<span class=\"_ _2\"></span>lativi co<span class=\"_ _1\"></span>ntra<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>i.<span class=\"_ _2\"></span> </span></span></span></span>De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span><span class=\"fc2 sc0\"> </span><span class=\"fc2 sc0\"> </span><span class=\"_ _3\"></span><span class=\"fc2 sc0\"> </span><span class=\"fc2 sc0\"> </span><span class=\"_ _3\"></span><span class=\"fc2 sc0\"> </span><span class=\"fc2 sc0\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _6\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>23<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _6\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Attivit\u00e0Pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0Attivit\u00e0Pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Ca<span class=\"_ _3\"></span>p p<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>r c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4- <span class=\"_ _2e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1-No<span class=\"_ _3\"></span>n co<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>nti0<span class=\"_ _3\"></span>,4-<span class=\"_ _8e\"> </span><span class=\"ff23\">0<span class=\"_ _6\"></span>,1<span class=\"_ _248\"> </span></span> <span class=\"_ _15e\"> </span>-In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Ca<span class=\"_ _3\"></span>p p<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>r c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2- <span class=\"_ _1f7\"> </span>--In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Swap p<span class=\"_ _2\"></span>er <span class=\"_ _3\"></span>cop<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>fl<span class=\"_ _16\"></span>ussi<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssa0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7- <span class=\"_ _1f7\"> </span>-(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>)Fo<span class=\"_ _1\"></span>rwa<span class=\"_ _3\"></span>rd<span class=\"_ _2\"></span> Fo<span class=\"_ _1\"></span>re<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>gn<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Ex<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>han<span class=\"_ _1\"></span>ge Con<span class=\"_ _1\"></span>trac<span class=\"_ _3\"></span>t per c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>ertu<span class=\"_ _2\"></span>ra --<span class=\"_ _15c\"> </span> <span class=\"_ _15f\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"fc2 sc0\">-</span>-ri<span class=\"_ _16\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>o ca<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>oCo<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nti0<span class=\"_ _3\"></span>,9-<span class=\"_ _19\"> </span><span class=\"ff23 fc1\"> <span class=\"_ _b1\"> </span>0,<span class=\"_ _3\"></span>1<span class=\"_ _f\"> </span> <span class=\"_ _249\"> </span>(0<span class=\"_ _3\"></span>,4<span class=\"_ _3\"></span>)</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le1<span class=\"_ _3\"></span>,3- <span class=\"_ _b1\"> </span><span class=\"ff23\">0,2<span class=\"_ _4\"> </span> <span class=\"_ _249\"> </span>(0,4<span class=\"_ _6\"></span>)</span>La quota corrente delle attivit\u00e0 finanziarie per derivati ammonta a <span class=\"_ _3\"></span>Euro 0,9 milioni. La copertura dei flussi <span class=\"_ _3\"></span>di cassa <span class=\"_\"> </span>a<span class=\"_ _2\"></span>mmonta <span class=\"_\"> </span>a <span class=\"_ _11\"> </span>Euro <span class=\"_\"> </span>0,7 <span class=\"_\"> </span>milioni <span class=\"_ _11\"> </span>(negativa <span class=\"_\"> </span>p<span class=\"_ _2\"></span>er <span class=\"_\"> </span>Euro <span class=\"_ _11\"> </span>0,4 <span class=\"_\"> </span>milioni <span class=\"_\"> </span>a<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span> <span class=\"_\"> </span>31 <span class=\"_\"> </span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>cembre <span class=\"_\"> </span>202<span class=\"_ _1\"></span>1), <span class=\"_\"> </span>la <span class=\"_\"> </span>copertur<span class=\"_ _2\"></span>a dell\u2019esposizione <span class=\"_ _2\"></span>al rischio di t<span class=\"_ _2\"></span>asso <span class=\"ff21\">ammonta a Euro 0,<span class=\"_ _2\"></span>2 milioni. </span>La quota non corren<span class=\"_ _2\"></span>te per derivati a <span class=\"_ _2\"></span>copertura del<span class=\"_ _2\"></span>l\u2019esposizione<span class=\"ff21\"> al rischio d<span class=\"_ _2\"></span>i tasso ammonta a Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o 0,4 milion<span class=\"_ _2\"></span>i </span>(Euro 0,1 milioni a<span class=\"_ _2\"></span>l 31 dice<span class=\"_ _2\"></span>mbre 2021). Nel 2021 <span class=\"_ _3\"></span>le p<span class=\"_ _2\"></span>assivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>derivanti <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>valutazione <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>rumenti <span class=\"_ _1\"></span>derivati <span class=\"_ _1\"></span>a c<span class=\"_ _1\"></span>opertura de<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>flussi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cassa erano negative per Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o 0,4 milioni. Il<span class=\"ls0\"> <span class=\"_ _1\"></span>provento <span class=\"_ _1\"></span>netto <span class=\"_ _1\"></span>derivante <span class=\"_ _16\"></span>dalla <span class=\"_ _1\"></span>valutazione <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>t<span class=\"_ _3\"></span>ali <span class=\"_ _1\"></span>strumenti <span class=\"_ _16\"></span>derivati <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value, <span class=\"_ _16\"></span><span class=\"ff21\">iscritta <span class=\"_ _1\"></span>nel <span class=\"_ _3\"></span>conto economico </span></span></span></span></span>complessivo, am<span class=\"_ _2\"></span>monta nel 2022 ad Eu<span class=\"_ _2\"></span>ro 1,5 <span class=\"ff24\">milion<span class=\"_ _2\"></span>i al lordo dell<span class=\"_ _2\"></span>\u2019effetto fiscale <span class=\"_ _2\"></span>(Euro 0,<span class=\"ff21\">7 milioni ne<span class=\"_ _2\"></span>l 2021<span class=\"ls5\">).</span> </span></span>I <span class=\"_ _6\"></span>contratti <span class=\"_ _6\"></span>stipulati <span class=\"_ _6\"></span>da <span class=\"_ _14\"></span>RCS <span class=\"_ _6\"></span>MediaGroup, <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>riferiscono <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span><span class=\"ff26\">Interest <span class=\"_ _6\"></span>Rate <span class=\"_ _14\"></span>Swap</span>, <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>copertura <span class=\"_ _14\"></span><span class=\"ff24\">de<span class=\"_ _2\"></span>ll\u2019<span class=\"_ _1\"></span>espos<span class=\"_ _1\"></span>izion<span class=\"_ _1\"></span>e<span class=\"ff21\"> <span class=\"ls49\">al<span class=\"_ _3\"></span></span> </span></span>risc<span class=\"_ _1\"></span>hio <span class=\"_ _1\"></span><span class=\"ls1\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>sso<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>deb<span class=\"_ _1\"></span>ito <span class=\"_ _16\"></span>a <span class=\"_ _1\"></span>brev<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>med<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>lung<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>ter<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>ne. Nel corso <span class=\"ff24\">del<span class=\"_ _2\"></span>l\u2019anno<span class=\"ff21\"> per RCS non sono stati stipulati </span></span></span></span>nuovi contratti d<span class=\"_ _2\"></span>i copertura sui <span class=\"_ _2\"></span>tassi di interesse. L\u2019ammontare <span class=\"_ _6\"></span>nozionale <span class=\"_ _3\"></span>degli <span class=\"_ _14\"></span><span class=\"ff26\">Interest <span class=\"_ _6\"></span>Rate <span class=\"_ _6\"></span>Swap <span class=\"_ _14\"></span><span class=\"ff21\">al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2022, <span class=\"_ _14\"></span>interamente <span class=\"_ _6\"></span>riconducibi<span class=\"_ _2\"></span>li <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>Gruppo<span class=\"_ _2\"></span> </span></span>RCS, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _14\"></span>20 <span class=\"_ _6\"></span>milioni <span class=\"_ _3\"></span>(Euro <span class=\"_ _14\"></span>60 <span class=\"_ _3\"></span>milioni <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _3\"></span>2021) <span class=\"_ _14\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>fisso <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>edio <span class=\"_ _6\"></span>contrattua<span class=\"_ _2\"></span>le degli <span class=\"_ _16\"></span><span class=\"ff26\">I<span class=\"_ _3\"></span>nterest <span class=\"_ _16\"></span>Rate <span class=\"_ _1\"></span>Swap <span class=\"_ _1\"></span><span class=\"ff24\">dell\u20190,25% <span class=\"_ _16\"></span>(0,102% <span class=\"_ _1\"></span>l\u2019anno <span class=\"_ _16\"></span>precedente). <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>parametro<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>riferimento <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span>variabile </span></span>\u00e8 l\u2019Euribor a tre <span class=\"_ _2\"></span>mesi. L\u2019ammontare <span class=\"_ _11\"> </span>nozionale <span class=\"_ _12\"> </span>degli <span class=\"_\"> </span><span class=\"ff26\">Interest <span class=\"_ _12\"> </span>Rate</span> <span class=\"_\"> </span><span class=\"ff26\">Cap</span> <span class=\"_ _12\"> </span><span class=\"ls4\">al</span> <span class=\"_ _11\"> </span>31 <span class=\"_\"> </span>dicemb<span class=\"_ _2\"></span>re <span class=\"_ _11\"> </span>2022, <span class=\"_ _11\"> </span>a <span class=\"_\"> </span>cop<span class=\"_ _2\"></span>ertura <span class=\"_ _11\"> </span>del <span class=\"_\"> </span>r<span class=\"_ _2\"></span>ischio <span class=\"_\"> </span>t<span class=\"_ _3\"></span>asso <span class=\"_ _10\"> </span>su finanziamenti riconducibili a <span class=\"_ _3\"></span>Cairo Communication S.p.a. e <span class=\"_ _3\"></span>Cairo Editore S.p.a., <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>pari a <span class=\"_ _3\"></span>Euro 20 <span class=\"_ _3\"></span>milioni con <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>tasso <span class=\"_ _3\"></span>limite <span class=\"_ _6\"></span>dello <span class=\"_ _14\"></span>-<span class=\"ff24\">0<span class=\"_ _2\"></span>,25%; <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>parametro <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>tasso <span class=\"_ _3\"></span>variabile <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>all\u2019Euribo<span class=\"ff21\">r <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>tre <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sei </span></span>mesi. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneV<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lor<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> Pa<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>tr<span class=\"_ _1\"></span>oTa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>o0<span class=\"_ _3\"></span>-6<span class=\"_ _3\"></span> me<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i6<span class=\"_ _3\"></span> me<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i1<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _1\"></span>ni2<span class=\"_ _3\"></span>-5<span class=\"_ _3\"></span> an<span class=\"_ _1\"></span>niOltr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> i 5noz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>le<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _2\"></span> - 1<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>nnoa<span class=\"_ _1\"></span>nnie<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>re<span class=\"_ _6\"></span> (mi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>\u20ac<span class=\"_ _3\"></span>)IRS<span class=\"_ _de\"> </span><span class=\"ff29\">2<span class=\"_ _1\"></span>0,0<span class=\"_ _113\"> </span>-0,2<span class=\"_ _1\"></span>5%<span class=\"_ _ae\"> </span>(20<span class=\"_ _1\"></span>,0)<span class=\"_ _163\"> </span>-<span class=\"_ _29\"> </span><span class=\"ff21\">-</span></span>Eu<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>bo<span class=\"_ _1\"></span>r <span class=\"_ _3\"></span>3<span class=\"_ _2\"></span> M--CAP<span class=\"_ _24a\"> </span><span class=\"ff29\">20<span class=\"_ _1\"></span>,0<span class=\"_ _82\"> </span>-0,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>5%<span class=\"_ _ae\"> </span>(10<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _210\"> </span>(1<span class=\"_ _2\"></span>0,<span class=\"_ _1\"></span>0)<span class=\"_ _238\"> </span><span class=\"ff21\">-</span></span>Eu<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>bo<span class=\"_ _1\"></span>r <span class=\"_ _3\"></span>3<span class=\"_ _2\"></span>-6<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>M--Totale<span class=\"_ _27\"> </span><span class=\"ff2a\">4<span class=\"_ _1\"></span>0,0</span>-Gli s<span class=\"_ _2\"></span>trumenti <span class=\"_ _1\"></span>sopra indicat<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>elativi <span class=\"_ _1\"></span>alla copertu<span class=\"_ _2\"></span>ra de<span class=\"_ _2\"></span>ll\u2019esposizion<span class=\"ff21\">e de<span class=\"_ _2\"></span>l r<span class=\"_ _2\"></span>ischio <span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>asso <span class=\"_ _1\"></span>di interesse <span class=\"_ _1\"></span>e del <span class=\"_ _1\"></span>rischio <span class=\"_ _2\"></span>di </span>cambio, sono sta<span class=\"_ _2\"></span>ti negoziati<span class=\"_ _2\"></span> con finalit\u00e0 di c<span class=\"_ _2\"></span>opertura. Gli <span class=\"_ _f\"> </span>strumenti <span class=\"_ _4\"> </span>deriva<span class=\"_ _2\"></span>ti <span class=\"_ _4\"> </span>di<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>copertura <span class=\"_ _4\"> </span>del <span class=\"_ _f\"> </span>rischio <span class=\"_ _f\"> </span>tasso <span class=\"_ _4\"> </span>d\u2019interesse, <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>coerenza <span class=\"_ _f\"> </span>con <span class=\"_ _4\"> </span>i <span class=\"_ _f\"> </span>principi <span class=\"_ _f\"> </span>contabili internazionali, <span class=\"_ _7\"></span>sono <span class=\"_ _15\"></span>stati <span class=\"_ _8\"></span>sottoposti <span class=\"_ _8\"></span>ai <span class=\"_ _15\"></span>cosiddetti <span class=\"_ _7\"></span>test <span class=\"_ _15\"></span>di <span class=\"_ _15\"></span>efficaci<span class=\"_ _2\"></span>a <span class=\"_ _8\"></span>(pros<span class=\"_ _3\"></span>pettici <span class=\"_ _15\"></span>e <span class=\"_ _8\"></span>retrospettivi) <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>verificare l\u2019aderenza<span class=\"ff21\"> degli stessi agli specifici requisiti richiesti dai principi <span class=\"_ _3\"></span>contabili i<span class=\"_ _3\"></span>nternazion<span class=\"_ _2\"></span>ali <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>operazioni <span class=\"_ _3\"></span>di </span>copertura. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneTip<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>lo<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>di Ris<span class=\"_ _6\"></span>chio Fa<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>ue<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>   <span class=\"_ _3\"></span>  V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>neIm<span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>tto<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span>vato a co<span class=\"_ _3\"></span>nto co<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ae<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomi<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ivo <span class=\"_ _eb\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _248\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Co<span class=\"_ _1\"></span>pertu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> P<span class=\"_ _6\"></span>FN<span class=\"_ _19c\"> </span>IRS<span class=\"_ _185\"> </span>0<span class=\"_ _1\"></span>,7<span class=\"_ _228\"> </span>(0,<span class=\"_ _16\"></span>4)Ri<span class=\"_ _16\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>o tasso1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>11<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1i<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span>ere<span class=\"_ _3\"></span>sseCo<span class=\"_ _1\"></span>pertu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> CAP<span class=\"_ _e8\"> </span>0<span class=\"_ _1\"></span>,6<span class=\"_ _7b\"> </span>0<span class=\"_ _1\"></span>,1Ri<span class=\"_ _16\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>o tasso0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>50<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4fi<span class=\"_ _16\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>am<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>ii<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span>ere<span class=\"_ _3\"></span>sseTotale<span class=\"_ _24b\"> </span>1<span class=\"_ _3\"></span>,3<span class=\"_ _63\"> </span>(0,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)-1<span class=\"_ _3\"></span>,61<span class=\"_ _3\"></span>,535. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span>o f<span class=\"_ _2\"></span>orn<span class=\"_ _2\"></span>itor<span class=\"_ _2\"></span>i I <span class=\"_\"> </span>\u201cdebiti <span class=\"_\"> </span>ve<span class=\"_ _2\"></span>rso <span class=\"_\"> </span>fornito<span class=\"_ _2\"></span>ri\u201d <span class=\"_\"> </span>ammon<span class=\"_ _2\"></span>tano <span class=\"_\"> </span>a <span class=\"_\"> </span>Euro<span class=\"_ _2\"></span> <span class=\"_\"> </span>307,1 <span class=\"_\"> </span>milioni <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>incremento <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>Euro <span class=\"_\"> </span>8,3 <span class=\"_\"> </span>milioni <span class=\"_\"> </span>rispetto<span class=\"_ _2\"></span> all\u2019esercizio prec<span class=\"_ _2\"></span>edente.<span class=\"ff21\"> </span>I debiti <span class=\"ls34\">si</span> riferiscono integralmen<span class=\"_ _2\"></span>te a <span class=\"_ _3\"></span>posizioni cor<span class=\"_ _1\"></span>renti<span class=\"_ _1\"></span>. 36. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>verso <span class=\"_ _16\"></span>co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>olla<span class=\"_ _1\"></span>nti, <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>llegat<span class=\"_ _2\"></span>e e<span class=\"_ _1\"></span> conso<span class=\"_ _1\"></span>ciate La<span class=\"ls0\"> <span class=\"_ _1\"></span>voce <span class=\"_ _16\"></span><span class=\"ff24\">\u201cdebiti<span class=\"ff21\"> <span class=\"_ _1\"></span>verso <span class=\"_ _16\"></span>controllanti, <span class=\"_ _1\"></span>collegate <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span><span class=\"ff24\">consociate\u201d<span class=\"ff21\"> <span class=\"_ _16\"></span>ammonta <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Euro <span class=\"_ _16\"></span>11,8 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>(Euro 7,5 <span class=\"_ _2\"></span>milioni al 31<span class=\"_ _1\"></span> </span></span></span></span></span>dicembre 2021) <span class=\"_ _2\"></span>ed include principal<span class=\"_ _2\"></span>mente: <span class=\"ff21 fc0\">per <span class=\"_ _2\"></span>Euro <span class=\"_ _1\"></span>9,1 milioni, <span class=\"_ _1\"></span>i debi<span class=\"_ _2\"></span>ti <span class=\"_ _1\"></span>commerciali verso <span class=\"_ _1\"></span>alcune <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>collega<span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Gruppo <span class=\"_ _1\"></span>Bermont <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _3\"></span>occupano </span>in Spagna della s<span class=\"_ _2\"></span>tampa di quotidia<span class=\"_ _2\"></span>ni, periodici e a<span class=\"_ _2\"></span>ltri prodott<span class=\"_ _2\"></span>i editoriali; per <span class=\"_\"> </span>Euro<span class=\"_ _2\"></span> <span class=\"_\"> </span>0,7 <span class=\"_ _11\"> </span>milioni, <span class=\"_\"> </span>i<span class=\"_ _2\"></span> <span class=\"_\"> </span>debi<span class=\"_ _2\"></span>ti <span class=\"_\"> </span>comm<span class=\"_ _2\"></span>erciali <span class=\"_\"> </span>ve<span class=\"_ _2\"></span>rso <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ociet\u00e0 <span class=\"_\"> </span>va<span class=\"_ _2\"></span>lutate <span class=\"_\"> </span>a<span class=\"_ _2\"></span> <span class=\"_\"> </span>patr<span class=\"_ _2\"></span>imonio <span class=\"_\"> </span>n<span class=\"_ _2\"></span>etto <span class=\"_ _11\"> </span>del <span class=\"_ _14\"></span>Gruppo <span class=\"_ _6\"></span>m-Dis Distribuzione <span class=\"_ _2\"></span>Media per <span class=\"_ _11\"> </span>Euro <span class=\"_ _11\"> </span>1,7 <span class=\"_\"> </span>mi<span class=\"_ _2\"></span>lioni, <span class=\"_ _11\"> </span>i <span class=\"_\"> </span>d<span class=\"_ _2\"></span>ebiti <span class=\"_ _11\"> </span>commerciali <span class=\"_ _11\"> </span>verso <span class=\"_ _11\"> </span><span class=\"ls17\">la</span> <span class=\"_\"> </span>soci<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _11\"> </span>correlata <span class=\"_ _11\"> </span>Torino <span class=\"_ _11\"> </span>Football <span class=\"_\"> </span>C<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>b <span class=\"_ _14\"></span>S.<span class=\"_ _2\"></span>p.A<span class=\"_ _1\"></span>. <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span><span class=\"ls17\">le</span> com<span class=\"_ _2\"></span>pet<span class=\"_ _2\"></span>enz<span class=\"_ _1\"></span>e m<span class=\"_ _1\"></span>atura<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>fron<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>dell<span class=\"_ _2\"></span>\u2019ac<span class=\"_ _2\"></span>cor<span class=\"_ _2\"></span>do<span class=\"_ _1\"></span> <span class=\"ls7\">di</span> <span class=\"_ _1\"></span>conce<span class=\"_ _1\"></span>ssion<span class=\"_ _1\"></span>e p<span class=\"_ _1\"></span>ubbli<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>ria<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>stipu<span class=\"_ _1\"></span>lato <span class=\"_ _1\"></span>con CA<span class=\"_ _2\"></span>IRORCS <span class=\"_ _1\"></span>Me<span class=\"_ _3\"></span>dia S.p.A. 37. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> tr<span class=\"_ _1\"></span>ibutar<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> La<span class=\"ls0\"> voce <span class=\"ff24\">\u201cdebiti</span> <span class=\"ff24\">tributa<span class=\"_ _2\"></span>ri\u201d<span class=\"ff21\"> <span class=\"ls34\">si</span> compone come seg<span class=\"_ _2\"></span>ue<span class=\"_ _1\"></span>: </span></span></span>De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _145\"> </span>31<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>2<span class=\"_ _67\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>21<span class=\"_ _24c\"> </span>V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>neDebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> per i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste <span class=\"_ _3\"></span>corren<span class=\"_ _2\"></span>ti<span class=\"_ _24d\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _182\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _15e\"> </span>(1,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)</span>Al<span class=\"_ _16\"></span>tri<span class=\"_ _1\"></span> deb<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>tari<span class=\"_ _c6\"> </span><span class=\"fc1\">2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _a6\"> </span>1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _165\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6</span>Sa<span class=\"_ _1\"></span>ld<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>le<span class=\"_ _24e\"> </span>23<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _186\"> </span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,2<span class=\"_ _69\"> </span>3<span class=\"_ _3\"></span>,5La <span class=\"_ _6\"></span>voce, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>23,7 <span class=\"_ _6\"></span>milioni, <span class=\"_ _6\"></span>presenta <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>incremento <span class=\"_ _3\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _3\"></span>2021 <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>3,5 <span class=\"_ _6\"></span>milioni. <span class=\"_ _6\"></span>Tale incremento risu<span class=\"_ _2\"></span>lta attribuibi<span class=\"_ _2\"></span>le al Gruppo RC<span class=\"_ _2\"></span>S cui sono <span class=\"_ _2\"></span>riconducibili deb<span class=\"_ _2\"></span>iti per Eur<span class=\"_ _2\"></span>o 19,4 milioni. 38. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span>ver<span class=\"_ _1\"></span>si e <span class=\"_ _2\"></span>altr<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>ass<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _1\"></span> corr<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i La voce \u201cdebiti d<span class=\"_ _2\"></span>iversi e altre pa<span class=\"_ _2\"></span>ssivit\u00e0 corren<span class=\"_ _2\"></span>ti\u201d pu\u00f2 essere cos<span class=\"_ _2\"></span>\u00ec dett<span class=\"_ _2\"></span>agl<span class=\"_ _1\"></span>iata<span class=\"_ _2\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>22<span class=\"_ _21b\"> </span>31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>21V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>neDebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> verso d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>end<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti34<span class=\"_ _1\"></span>,7<span class=\"_ _1be\"> </span>40<span class=\"_ _1\"></span>,3<span class=\"_ _7d\"> </span>(5,6<span class=\"_ _1\"></span>)Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> verso i<span class=\"_ _16\"></span>sti<span class=\"_ _16\"></span>tu<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> prev<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>den<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>curez<span class=\"_ _1\"></span>za soci<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e17<span class=\"_ _1\"></span>,8<span class=\"_ _1be\"> </span>18<span class=\"_ _1\"></span>,3<span class=\"_ _7d\"> </span>(0,5<span class=\"_ _1\"></span>)An<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span>ci<span class=\"_ _1\"></span>pi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i8,<span class=\"_ _1\"></span>4<span class=\"_ _da\"> </span>8,<span class=\"_ _1\"></span>3<span class=\"_ _15c\"> </span>0,1Ratei<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> passi<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i29<span class=\"_ _1\"></span>,6<span class=\"_ _1be\"> </span>31<span class=\"_ _1\"></span>,4<span class=\"_ _7d\"> </span>(1,8<span class=\"_ _1\"></span>)Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>deb<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ti12<span class=\"_ _1\"></span>,9<span class=\"_ _1be\"> </span>11<span class=\"_ _1\"></span>,8<span class=\"_ _15c\"> </span>1,<span class=\"_ _1\"></span>1Sa<span class=\"_ _1\"></span>ld<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le10<span class=\"_ _1\"></span>3,4<span class=\"_ _23f\"> </span>11<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,1<span class=\"_ _7d\"> </span>(6,<span class=\"_ _1\"></span>7)La <span class=\"_ _1\"></span>voce, <span class=\"_ _1\"></span>pari <span class=\"_ _16\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _16\"></span>103,4 <span class=\"_ _16\"></span>m<span class=\"_ _3\"></span>ilioni, <span class=\"_ _16\"></span>presenta <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>decremento <span class=\"_ _16\"></span>di <span class=\"_ _2\"></span>Euro <span class=\"_ _16\"></span>6,7 <span class=\"_ _1\"></span><span class=\"ff24\">milioni <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>all\u2019eserciz<span class=\"_ _2\"></span>io <span class=\"_ _1\"></span>precedente<span class=\"ff21\"> </span></span>ed <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _16\"></span>passivit\u00e0 <span class=\"_ _16\"></span>correnti <span class=\"_ _16\"></span>ri<span class=\"_ _3\"></span>conducibil<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Gruppo <span class=\"_ _16\"></span>RCS <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>73,9 <span class=\"_ _1\"></span>milioni. <span class=\"_ _1\"></span><span class=\"ff24\">La <span class=\"_ _16\"></span>variazione <span class=\"_ _16\"></span>rispetto <span class=\"_ _16\"></span>all\u2019anno </span>\u00e8 <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ttribuibile <span class=\"_ _3\"></span>principalment<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>debiti verso <span class=\"_ _6\"></span>dipendenti <span class=\"_ _3\"></span>anche <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>effetto <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>piano <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riorganizzazione del personale. 39. I<span class=\"_ _1\"></span>mpegni<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>ris<span class=\"_ _1\"></span>chi e<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>ltre<span class=\"_ _1\"></span> inf<span class=\"_ _2\"></span>orma<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>oni La <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _12\"> </span>controllata <span class=\"_ _12\"> </span>Cairo <span class=\"_ _12\"> </span>Network <span class=\"_ _12\"> </span>S.r.l. <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>corso <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>2014 <span class=\"_ _11\"> </span>ha <span class=\"_ _12\"> </span>partecipato <span class=\"_ _15\"> </span>alla <span class=\"_ _11\"> </span>procedura <span class=\"_ _15\"> </span>indetta <span class=\"_ _11\"> </span>dal Ministero dello <span class=\"_ _6\"></span>Sviluppo Economico per <span class=\"_ _3\"></span>l\u2019assegnazione dei <span class=\"_ _3\"></span>diritti <span class=\"_ _6\"></span>d\u2019uso di <span class=\"_ _3\"></span>frequen<span class=\"_ _3\"></span><span class=\"ff21\">ze <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>banda <span class=\"_ _3\"></span>televisiva <span class=\"_ _3\"></span>per </span>sistemi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>radiodiffusione <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>gitale <span class=\"_ _6\"></span>terrestre, <span class=\"_ _6\"></span>presentan<span class=\"_ _2\"></span>do <span class=\"_ _f\"> </span><span class=\"ls6\">la</span> <span class=\"_\"> </span>propria<span class=\"_ _2\"></span> <span class=\"_\"> </span>offe<span class=\"_ _2\"></span>rta <span class=\"_\"> </span>vinc<span class=\"_ _2\"></span>olante <span class=\"_\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _11\"> </span>aggiudicandosi <span class=\"_ _11\"> </span>i diritti <span class=\"_ _15\"> </span><span class=\"ff24\">d\u2019<span class=\"_ _3\"></span>uso</span> <span class=\"_ _15\"> </span>- <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls6\">la</span> <span class=\"_ _12\"> </span>durat<span class=\"_ _2\"></span>a <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span><span class=\"ls7\">20<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>an<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> - <span class=\"_ _3\"></span><span class=\"ff24\">di <span class=\"_ _3\"></span>un <span class=\"_ _6\"></span>lotto di <span class=\"_ _6\"></span>frequenze<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>(\u201cMux\u201d). <span class=\"_ _3\"></span>Nel mese <span class=\"_ _6\"></span>di gennaio <span class=\"_ _3\"></span>2015 <span class=\"_ _3\"></span>Cairo </span>Network <span class=\"_ _3\"></span>ha <span class=\"_ _6\"></span>quindi <span class=\"_ _3\"></span>sottoscritto <span class=\"_ _3\"></span>con <span class=\"_ _6\"></span>EI <span class=\"_ _3\"></span>Towers <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _6\"></span>(\u201cEIT\u201d) <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>accordi <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>realizzazione <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>succe<span class=\"_ _2\"></span>ssiva gestione <span class=\"_ _5\"> </span>tecnica <span class=\"_ _17\"> </span>plurienn<span class=\"_ _2\"></span>ale <span class=\"_ _17\"> </span>in <span class=\"_ _5\"> </span>modalit\u00e0 <span class=\"_ _17\"> </span>full <span class=\"_ _5\"> </span>service<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>(ospitalit\u00e0, <span class=\"_ _5\"> </span>assistenza <span class=\"_ _5\"> </span>e <span class=\"_ _17\"> </span>manutenzione, <span class=\"_ _5\"> </span>utilizzo dell\u2019infrastrut<span class=\"_ _2\"></span>tura<span class=\"ff21\"> di trasmissione, ecc.) <span class=\"_ _2\"></span>del Mux. Gli a<span class=\"_ _2\"></span>ccordi, come rivi<span class=\"_ _2\"></span>sti nel mese di <span class=\"_ _6\"></span>marzo <span class=\"_ _6\"></span>2018 <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>termini </span>nel complesso <span class=\"_ _2\"></span>migliorativi per Ca<span class=\"_ _2\"></span>iro Network, pr<span class=\"_ _2\"></span>evedono tra l\u2019alt<span class=\"_ _2\"></span>ro:<span class=\"ff21\"> </span><span class=\"ff21 fs2 fc0\">una fase transito<span class=\"_ _2\"></span>ria, completata <span class=\"_ _2\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"ls7\">31</span> dicembre 2017, <span class=\"_ _2\"></span>nel corso della <span class=\"_ _2\"></span>quale realizza<span class=\"_ _2\"></span>re <span class=\"ls6\">la<span class=\"_ _2\"></span><span class=\"ls0\"> messa <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _14\"></span>esercizio <span class=\"_ _6\"></span>del </span></span></span></span></span>Mux e una fase a r<span class=\"_ _2\"></span>egime di eserci<span class=\"_ _2\"></span>zio del Mux del<span class=\"_ _2\"></span>la durata di 17 ann<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> (dal 2018 al <span class=\"_ _2\"></span>2034); <span class=\"ff21 fs2 fc0 ls6\">la<span class=\"ls0\"> facolt\u00e0 di <span class=\"_ _2\"></span>recesso libero da pa<span class=\"_ _2\"></span>rte di Cairo Network a<span class=\"_ _2\"></span> partire dal 1\u00b0 gennaio <span class=\"ls1\">2025;</span> </span></span><span class=\"ff21 fs2 fc0\">copertura garantita al<span class=\"_ _2\"></span>meno pari al 94%<span class=\"_ _2\"></span> della popo<span class=\"_ _2\"></span>lazione, allinea<span class=\"_ _2\"></span>ta ai Mux nazi<span class=\"_ _2\"></span>onali a magg<span class=\"_ _2\"></span>ior copertura; </span><span class=\"ff21 fs2 fc0\">corrispettivi a favore d<span class=\"_ _2\"></span>i EI<span class=\"_ _1\"></span>T:<span class=\"_ _2\"></span> </span>\u2022<span class=\"ff2a sc0\"> <span class=\"_ _147\"> </span><span class=\"ff21 fc0\">per la fase di rea<span class=\"_ _2\"></span>lizzazione <span class=\"_ _2\"></span>della rete (2015-<span class=\"ff24\">2017) par<span class=\"_ _2\"></span>i a Euro 11,5 <span class=\"_ _2\"></span>milioni comple<span class=\"_ _2\"></span>ssivi per l\u2019intero </span></span></span>triennio; \u2022<span class=\"ff2a sc0\"> <span class=\"_ _147\"> </span><span class=\"ff21 fc0\">a regime (a <span class=\"ff24\">partire dal<span class=\"_ _2\"></span>l\u2019anno 2018)<span class=\"ff21\"> pari a Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o 16 milioni an<span class=\"_ _2\"></span>nui<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> </span></span></span></span><span class=\"ff21 fs2 fc0\">tali importi sono comp<span class=\"_ _2\"></span>rensivi del corr<span class=\"_ _2\"></span>ispettivo per la m<span class=\"_ _2\"></span>essa a disposiz<span class=\"_ _2\"></span>ione dei trasmettitori; </span><span class=\"ff21 fs2 fc0\">un <span class=\"_ _3\"></span>onere <span class=\"_ _3\"></span>annuo <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>EIT <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>favore di <span class=\"_ _3\"></span>Cairo <span class=\"_ _6\"></span>Network<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>a <span class=\"_ _3\"></span>partire <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>2018, compreso <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>0 <span class=\"_ _6\"></span>e un <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>assimo di </span>Euro 6 m<span class=\"_ _2\"></span>ilioni neg<span class=\"_ _2\"></span>li anni 2<span class=\"_ _1\"></span>018<span class=\"_ _3\"></span>-2022, che <span class=\"_ _2\"></span>si riduc<span class=\"_ _2\"></span>e a E<span class=\"_ _1\"></span>uro 5,5 milioni neg<span class=\"_ _1\"></span>li anni 2023-2027 <span class=\"_ _2\"></span>e a Eur<span class=\"_ _2\"></span>o 5 <span class=\"_ _2\"></span>milioni dal <span class=\"_ _8\"></span>2028 <span class=\"_ _8\"></span>e <span class=\"_ _15\"> </span>fino <span class=\"_ _8\"></span>a <span class=\"_ _8\"></span>scadenza, <span class=\"_ _15\"> </span>nell\u2019eventualit\u00e0 <span class=\"_ _7\"> </span>in <span class=\"_ _8\"> </span>cui <span class=\"_ _15\"> </span>la <span class=\"_ _8\"> </span>banda <span class=\"_ _8\"> </span>disponibile <span class=\"_ _8\"> </span>sul <span class=\"_ _8\"> </span>Mux <span class=\"_ _8\"> </span>non <span class=\"_ _15\"> </span>fosse <span class=\"_ _8\"> </span>integralment<span class=\"_ _2\"></span>e sfruttata da Cair<span class=\"_ _2\"></span>o Network. Nella Legge di Bilancio 2018 (l. n. 205 del 2017, come successivament<span class=\"_ _2\"></span>e integrata e modificata dalla l. n. 145 d<span class=\"ff24\">el <span class=\"_ _6\"></span>2019), <span class=\"_ _3\"></span>all\u2019art. <span class=\"_ _6\"></span>1, <span class=\"_ _6\"></span>co. <span class=\"_ _3\"></span>1026 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ss., <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>ate <span class=\"_ _3\"></span>introdotte <span class=\"_ _6\"></span>specifiche <span class=\"_ _3\"></span>previsioni <span class=\"_ _3\"></span>volte <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>rilascio <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _3\"></span>degli </span>operatori <span class=\"_ _4\"> </span>televisivi<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>in <span class=\"_ _4\"> </span>tecnica <span class=\"_ _4\"> </span>terrestre <span class=\"_ _f\"> </span>delle <span class=\"_ _4\"> </span>frequenze <span class=\"_ _4\"> </span>della <span class=\"_ _f\"> </span>banda <span class=\"_ _4\"> </span>694<span class=\"_ _3\"></span>-790 <span class=\"_ _4\"> </span>MHz, <span class=\"_ _4\"> </span>c.d. <span class=\"_ _4\"> </span>\u201cbanda<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>700\u201d (corrispondente ai canali da 49 <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>60), in <span class=\"_ _3\"></span>favore <span class=\"_ _3\"></span>degli operatori telefonici, e <span class=\"_ _3\"></span>alla conseguente riorganizzazione<span class=\"_ _2\"></span> dei diritti d\u2019uso deg<span class=\"_ _1\"></span>li operatori televisivi esi<span class=\"_ _2\"></span>stenti sul ri<span class=\"_ _2\"></span>manente spettro <span class=\"_ _2\"></span>televisivo (\u201crefarm<span class=\"_ _2\"></span>ing\u201d). <span class=\"ff21\"> </span>In particolare, ne<span class=\"_ _2\"></span>lla Legge di Bi<span class=\"_ _2\"></span>lancio 2018 \u00e8, tr<span class=\"_ _2\"></span>a l\u2019altro, prev<span class=\"_ _2\"></span>isto che: <span class=\"ff21\"> </span>a) <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>frequenze <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>banda <span class=\"_ _3\"></span>700 <span class=\"_ _6\"></span>devono <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>completa<span class=\"_ _2\"></span>mente <span class=\"_ _6\"></span>rilasciate <span class=\"_ _3\"></span>dagli <span class=\"_ _6\"></span>operatori <span class=\"_ _3\"></span>televisivi <span class=\"_ _6\"></span>entro <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>30 giugno 2022; <span class=\"_ _2\"></span> b) i mux di f<span class=\"_ _2\"></span>requenze nazio<span class=\"_ _2\"></span>nali adottino lo <span class=\"_ _2\"></span>standard d<span class=\"_ _2\"></span>igitale terres<span class=\"_ _2\"></span>tre DVB-T2, introducendo u<span class=\"_ _2\"></span>na conversione<span class=\"_ _2\"></span> transitoria <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>diritti <span class=\"_ _6\"></span>d'uso <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>mux <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>frequenze <span class=\"_ _6\"></span>nazionali <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>dirit<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span>d'uso <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>capacit\u00e0 <span class=\"_ _6\"></span>trasmissiva, <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fini <span class=\"_ _6\"></span>della successiva riasse<span class=\"_ _2\"></span>gnazione;  c) <span class=\"_ _2\"></span>l\u2019assegnazione<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>diritti <span class=\"_ _2\"></span>d\u2019uso <span class=\"_ _1\"></span>(in enti<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _2\"></span>equivalente <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>due <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ux) <span class=\"_ _1\"></span>non deriv<span class=\"_ _2\"></span>anti d<span class=\"_ _1\"></span>alla suddetta <span class=\"_ _1\"></span>conversione <span class=\"_ _1\"></span>dei diritti d\u2019uso orig<span class=\"_ _2\"></span>inari s<span class=\"ff21\">ono assegnat<span class=\"_ _2\"></span>i mediante proc<span class=\"_ _2\"></span>edura onerosa.  </span>In <span class=\"_ _6\"></span>attuazione <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>predetta<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>legge, <span class=\"_ _3\"></span>l\u2019<span class=\"_ _3\"></span>Agco<span class=\"_ _2\"></span>m <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _3\"></span>Mise <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>adottato <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>provvedimen<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span>conseguent<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>esito <span class=\"_ _6\"></span>ai quali a <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Netwo<span class=\"_ _2\"></span>rk <span class=\"_ _3\"></span>\u00e8 stato <span class=\"_ _3\"></span>assegnato un diritto <span class=\"_ _3\"></span>d\u2019uso senza specificazione delle frequenze, corrispon<span class=\"_ _3\"></span><span class=\"ff21\">dente </span>alla met\u00e0 di un <span class=\"_ _2\"></span>mux (nel 2019).  Inoltre, <span class=\"_\"> </span>al <span class=\"_\"> </span>termine <span class=\"_\"> </span>de<span class=\"_ _2\"></span>lla <span class=\"_\"> </span>procedura <span class=\"_\"> </span>onerosa, <span class=\"_\"> </span>vo<span class=\"_ _2\"></span>lta <span class=\"_\"> </span>all\u2019assegnaz<span class=\"_ _2\"></span>ione <span class=\"_\"> </span>dei <span class=\"_\"> </span>diritti <span class=\"_\"> </span>d\u2019uso <span class=\"_\"> </span>non <span class=\"_\"> </span>d<span class=\"_ _2\"></span>erivanti <span class=\"_\"> </span>dalla<span class=\"_ _2\"></span> conversione <span class=\"_ _16\"></span>dei <span class=\"_ _16\"></span>diritti <span class=\"_ _1\"></span>d\u2019uso <span class=\"_ _16\"></span>attuali, <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _16\"></span>Mise, <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>determi<span class=\"_ _2\"></span>na <span class=\"_ _1\"></span>del <span class=\"_ _16\"></span>2 <span class=\"_ _1\"></span>luglio <span class=\"_ _1\"></span>2021, <span class=\"_ _16\"></span>ha <span class=\"_ _1\"></span>comunicato <span class=\"_ _0\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>Cairo <span class=\"_ _1\"></span>Networ<span class=\"ff21 ls7\">k </span>\u00e8 r<span class=\"_ _3\"></span>isultata aggiudicataria di <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>diritto <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _3\"></span>senza specificazione delle <span class=\"_ _3\"></span>frequenze, corrispondente <span class=\"_ _3\"></span>alla met\u00e0 <span class=\"_ _3\"></span>di un <span class=\"_ _1\"></span>multiplex <span class=\"_ _16\"></span>nazionale <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>nuova <span class=\"_ _1\"></span>pianificazione <span class=\"_ _16\"></span>e, <span class=\"_ _1\"></span>successivamente, <span class=\"_ _16\"></span>Cairo <span class=\"_ _1\"></span>Network, <span class=\"_ _16\"></span>ha p<span class=\"_ _1\"></span>roceduto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>pagamento di met\u00e0 <span class=\"_ _3\"></span>dell\u2019importo offerto in s<span class=\"_ _3\"></span><span class=\"ff21\">ede <span class=\"_ _3\"></span>di gara (<span class=\"_ _3\"></span>con riserva) e <span class=\"_ _3\"></span>ha chiesto <span class=\"_ _3\"></span>la prevista rateizzazione del residuo <span class=\"_ _3\"></span>(in </span>tre <span class=\"_ _7\"> </span>rate <span class=\"_ _8\"> </span>annuali). <span class=\"_ _7\"></span>In <span class=\"_ _7\"> </span>data <span class=\"_ _8\"> </span>6 <span class=\"_ _7\"> </span>agosto <span class=\"_ _8\"> </span>2021 <span class=\"_ _7\"> </span>il <span class=\"_ _8\"> </span>Mise <span class=\"_ _7\"> </span>per <span class=\"_ _8\"> </span>effetto <span class=\"_ _7\"> </span>della <span class=\"_ _7\"> </span>combinazione <span class=\"_ _7\"></span>dei <span class=\"_ _8\"> </span>due <span class=\"_ _7\"> </span>diritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _8\"> </span>senza specificazione <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>frequenze <span class=\"_ _14\"></span>ha <span class=\"_ _7\"></span>quindi <span class=\"_ _7\"></span>comunicato <span class=\"_ _14\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _14\"></span>provvedimento <span class=\"_ _7\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>assegnazione <span class=\"_ _14\"></span>del <span class=\"_ _7\"> </span>diritto <span class=\"_ _7\"></span>d\u2019uso <span class=\"_ _7\"></span>delle frequenze ai fini de<span class=\"_ _2\"></span>ll\u2019esercizio della re<span class=\"_ _2\"></span>te nazionale de<span class=\"_ _2\"></span>l PNAF denomina<span class=\"_ _2\"></span>ta \u201cRete nazional<span class=\"_ _2\"></span>e n. 10\u201d fino al 2032 (durata di due an<span class=\"_ _2\"></span>ni inferiore rispe<span class=\"_ _2\"></span>tto a quella del d<span class=\"_ _2\"></span>iritto origin<span class=\"_ _2\"></span>ariamente acqui<span class=\"_ _2\"></span>stato nel 2014).  Cairo <span class=\"_ _8\"></span>Network <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>stata <span class=\"_ _15\"> </span>udita <span class=\"_ _8\"> </span>nell\u2019ambito <span class=\"_ _8\"> </span>dei <span class=\"_ _8\"> </span>vari <span class=\"_ _8\"> </span>procedimenti <span class=\"_ _8\"> </span>e <span class=\"_ _8\"> </span>ha <span class=\"_ _15\"> </span>partecipato<span class=\"_ _2\"></span> <span class=\"_ _8\"> </span>alle <span class=\"_ _15\"> </span>relative <span class=\"_ _7\"> </span>consultazioni pubbliche, <span class=\"_ _1\"></span>evidenziando <span class=\"_ _16\"></span>le <span class=\"_ _2\"></span>considerazioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>carattere <span class=\"_ _1\"></span>giuridico <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>tecnico <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>depongono <span class=\"_ _16\"></span>per l\u2019es<span class=\"_ _2\"></span>clusione <span class=\"_ _16\"></span>della Societ\u00e0 <span class=\"_ _1\"></span>dall\u2019applicazione <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>Legge <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>Bila<span class=\"_ _3\"></span><span class=\"ff21\">ncio <span class=\"_ _1\"></span>(e, <span class=\"_ _1\"></span>in partico<span class=\"_ _2\"></span>lare, <span class=\"_ _1\"></span>dal <span class=\"_ _2\"></span>procedimen<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>conversione <span class=\"_ _1\"></span>del d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ritto </span>d\u2019uso originario e d<span class=\"_ _2\"></span>i assegnazione de<span class=\"_ _2\"></span>i diritti d\u2019uso di n<span class=\"_ _2\"></span>uova pianificaz<span class=\"_ _2\"></span>ione), allegando anch<span class=\"_ _2\"></span>e documentazi<span class=\"_ _2\"></span>one a supporto.  Cairo <span class=\"_ _6\"></span>Network <span class=\"_ _14\"></span>ha <span class=\"_ _6\"></span>poi <span class=\"_ _14\"></span>impugnato<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>anche <span class=\"_ _14\"></span>le <span class=\"_ _14\"></span>delibe<span class=\"_ _2\"></span>re <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>provvedi<span class=\"_ _2\"></span>men<span class=\"ff24\">ti<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>del<span class=\"_ _2\"></span>l\u2019Agcom <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>Mise, <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>attuazione </span>della <span class=\"_ _14\"></span>Legge <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>Bilancio, <span class=\"_ _6\"></span>con <span class=\"_ _14\"></span>ricorsi <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>Tar <span class=\"_ _14\"></span>Lazio, <span class=\"_ _6\"></span>Roma, <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>successivi <span class=\"_ _6\"></span>motivi <span class=\"_ _14\"></span>aggiunti <span class=\"_ _6\"></span>(r.g. <span class=\"_ _14\"></span>n. <span class=\"_ _14\"></span>6740/2018, <span class=\"_ _6\"></span>n. 7017/18, <span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span>440/2021 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>6040/2021), <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>dedotti <span class=\"_ _3\"></span>anche <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>giudice <span class=\"_ _6\"></span>amministrativo <span class=\"_ _3\"></span>le <span class=\"_ _6\"></span>medesime considerazioni <span class=\"_ _f\"> </span>evidenziate <span class=\"_ _f\"> </span>alle <span class=\"_ _4\"> </span>autorit\u00e0 <span class=\"_ _4\"> </span>pubblich<span class=\"_ _2\"></span>e <span class=\"_ _f\"> </span>e <span class=\"_ _4\"> </span>ulteriori <span class=\"_ _4\"> </span>profili <span class=\"_ _f\"> </span>di <span class=\"_ _4\"> </span>illegittimit\u00e0 <span class=\"_ _f\"> </span>dei <span class=\"_ _4\"> </span>provvediment<span class=\"_ _2\"></span>i impugnati.   <span class=\"_ _2\"></span> Il TAR Lazio, con sentenze pubblicat<span class=\"_ _2\"></span>e il 28 gennaio 2021 nei citati giudizi r.g. n. 6740/2018 e 7017/2018, ha respinto le <span class=\"_ _3\"></span>domande <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>annullamento, <span class=\"_ _3\"></span>sia pure <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>affrontando interamente il <span class=\"_ _3\"></span>merito delle <span class=\"_ _3\"></span>questioni poste <span class=\"_ _3\"></span>da Cairo Network, e <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>predette sentenze sono oggetto <span class=\"_ _3\"></span>di appello al <span class=\"_ _3\"></span>Consiglio di <span class=\"_ _3\"></span>Stato (r.g. <span class=\"_ _3\"></span>n. 4335 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>n. 4334, l<span class=\"_ _3\"></span>e cui udienze di d<span class=\"_ _2\"></span>iscussione s<span class=\"_ _2\"></span>ono fissate per l\u2019<span class=\"_ _2\"></span>8 giugno 2023). <span class=\"ff21\"> </span>Da <span class=\"_ _8\"></span>ultimo, <span class=\"_ _8\"></span>il <span class=\"_ _15\"></span>MISE <span class=\"_ _8\"></span>ha <span class=\"_ _8\"></span>pubblicato <span class=\"_ _8\"></span>in <span class=\"_ _8\"></span>data <span class=\"_ _15\"></span>8 <span class=\"_ _8\"></span>febbraio <span class=\"_ _8\"></span>2022 <span class=\"_ _8\"></span>il <span class=\"_ _8\"></span>decreto <span class=\"_ _8\"></span>relativo <span class=\"_ _8\"></span>alle <span class=\"_ _8\"></span>mi<span class=\"_ _3\"></span>sure <span class=\"_ _8\"></span>compensative<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>a beneficio deg<span class=\"_ _2\"></span>li operato<span class=\"_ _2\"></span>ri di <span class=\"_ _1\"></span>rete per i cos<span class=\"_ _2\"></span>ti sostenu<span class=\"_ _2\"></span>ti per <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>a predispos<span class=\"_ _2\"></span>izione di <span class=\"_ _1\"></span>impianti di tras<span class=\"_ _2\"></span>missione <span class=\"_ _2\"></span>idonei a garantire <span class=\"_ _2\"></span>lo standa<span class=\"_ _2\"></span>rd di <span class=\"_ _1\"></span>trasmissione T2, <span class=\"_ _2\"></span>che C<span class=\"_ _2\"></span>airo Ne<span class=\"_ _2\"></span>twork ha<span class=\"_ _2\"></span> impugn<span class=\"_ _2\"></span>ato con<span class=\"_ _2\"></span> ric<span class=\"_ _2\"></span>orso al <span class=\"_ _2\"></span>Tar, <span class=\"_ _2\"></span>pendente <span class=\"_ _2\"></span>(r.g. <span class=\"_ _2\"></span>n. 4515/2022).  Cairo <span class=\"_ _3\"></span>Network <span class=\"_ _3\"></span> \u00e8 <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>procinto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>avviare <span class=\"_ _3\"></span>azioni, <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>carattere giudiziale <span class=\"_ _3\"></span>(e <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>aggiunta <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>contenziosi <span class=\"_ _3\"></span>gi\u00e0 promossi), <span class=\"_ _3\"></span>volte <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ottenere <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>risarcimento<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>danni <span class=\"_ _6\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>pr<span class=\"_ _3\"></span>egiudizi <span class=\"_ _3\"></span>subiti <span class=\"_ _3\"></span>(i) <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>pagamen<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>richiesto <span class=\"_ _3\"></span>per riot<span class=\"ff24\">tenere <span class=\"_ _1\"></span>la tito<span class=\"_ _2\"></span>larit\u00e0 d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> un<span class=\"_ _1\"></span> diritto <span class=\"_ _1\"></span>d\u2019uso <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>frequenze<span class=\"_ _2\"></span> c<span class=\"_ _1\"></span>he Cairo <span class=\"_ _1\"></span>aveva g<span class=\"_ _2\"></span>i\u00e0 p<span class=\"_ _2\"></span>agato <span class=\"_ _1\"></span>in esito<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span>la <span class=\"_ _1\"></span>pr<span class=\"_ _3\"></span>ocedura <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>gara </span>del <span class=\"_ _3\"></span>2014, <span class=\"_ _3\"></span>ii) <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>versa durata <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>nuovo <span class=\"_ _3\"></span>diritto <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>iii) <span class=\"_ _6\"></span>per la <span class=\"_ _6\"></span>perd<span class=\"_ _2\"></span>ita <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>occasioni <span class=\"_ _3\"></span>commerciali subita negli <span class=\"_ _11\"> </span>ultimi <span class=\"_ _11\"> </span>anni <span class=\"_\"> </span> per <span class=\"_ _11\"> </span>effetto <span class=\"_\"> </span>del<span class=\"_ _2\"></span>l\u2019incertezza <span class=\"_ _11\"> </span>generat<span class=\"_ _2\"></span>a <span class=\"_ _11\"> </span>dalla <span class=\"_\"> </span>procedu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>a <span class=\"_ _11\"> </span>di <span class=\"_\"> </span>re<span class=\"_ _2\"></span>farming, <span class=\"_ _11\"> </span>iv) <span class=\"_\"> </span>per<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>es<span class=\"_ _3\"></span>sere <span class=\"_ _11\"> </span>stato discriminato <span class=\"_ _3\"></span>(sostanzialmente <span class=\"_ _6\"></span>unico <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>operatori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rete) <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>misure <span class=\"_ _6\"></span>compensativ<span class=\"_ _2\"></span>e <span class=\"_ _6\"></span>previste <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>decreto del Mise del 17 n<span class=\"_ _2\"></span>ovembre 2021 e pu<span class=\"_ _2\"></span>bblicato l\u20198 <span class=\"_ _2\"></span>febbraio 2022.<span class=\"ff21\"> </span>Allo <span class=\"_ _3\"></span>s<span class=\"ff24\">tato, non <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>ancora possibile prevedere con <span class=\"_ _3\"></span>certezza l<span class=\"_ _3\"></span>'effetto l\u2019esito dei <span class=\"_ _3\"></span>giudizi di <span class=\"_ _3\"></span>impugnazione al <span class=\"_ _3\"></span>TAR </span>e al Consiglio d<span class=\"_ _2\"></span>i Stato e di quelli <span class=\"_ _2\"></span>che potranno ess<span class=\"_ _2\"></span>ere nel futu<span class=\"_ _2\"></span>ro intrapresi Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>contenzioso <span class=\"_ _6\"></span>relativo <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>operazion<span class=\"_ _2\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>compravendita <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>complesso <span class=\"_ _6\"></span>immobiliare <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>Via Solferino <span class=\"_\"> </span>28-Via <span class=\"_\"> </span>San <span class=\"_\"> </span>Marco <span class=\"_\"> </span>21-Via <span class=\"_\"> </span>Bal<span class=\"_ _2\"></span>zan <span class=\"_\"> </span>3 <span class=\"_\"> </span>realizzata <span class=\"_\"> </span>nel <span class=\"_\"> </span>201<span class=\"_ _2\"></span>3, <span class=\"_\"> </span>descritto <span class=\"_\"> </span>nella <span class=\"_\"> </span>Nota <span class=\"_\"> </span>39 <span class=\"_\"> </span>a<span class=\"_ _2\"></span>l <span class=\"_\"> </span>bilancio consolidato <span class=\"_ _6\"></span>nella <span class=\"_ _3\"></span>relazione <span class=\"_ _6\"></span>finanziaria <span class=\"_ _6\"></span>annuale <span class=\"_ _6\"></span>2021, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>15 <span class=\"_ _6\"></span>luglio <span class=\"_ _6\"></span>RCS, <span class=\"_ _6\"></span>Kryalos <span class=\"_ _6\"></span>SGR <span class=\"_ _6\"></span>S.p.A. <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>nome <span class=\"_ _6\"></span>e per <span class=\"_ _6\"></span>conto <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>Fondo <span class=\"_ _14\"></span>Delphine <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Blackstone <span class=\"_ _6\"></span>(e <span class=\"_ _14\"></span>tutte <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>entit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>gruppo <span class=\"_ _6\"></span>Blackstone <span class=\"_ _6\"></span>attrici <span class=\"_ _6\"></span>nei <span class=\"_ _14\"></span>procedi<span class=\"_ _2\"></span>menti intentati a <span class=\"_ _3\"></span>New <span class=\"_ _3\"></span>York) <span class=\"_ _3\"></span>hanno defi<span class=\"_ _3\"></span>nito transattivamente le <span class=\"_ _3\"></span>controversie. L\u2019accordo raggiunto <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>comportato la definitiva <span class=\"_ _3\"></span>cessazione di <span class=\"_ _3\"></span>tutti <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>contenziosi <span class=\"_ _3\"></span>pendenti <span class=\"_ _3\"></span>negli <span class=\"_ _3\"></span>Stati <span class=\"_ _3\"></span>Uniti <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>Italia <span class=\"_ _3\"></span>e, <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>generale, l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>reciproca rinuncia <span class=\"_ _1\"></span>a ogni<span class=\"_ _2\"></span> pr<span class=\"_ _1\"></span>et<span class=\"_ _3\"></span>esa, <span class=\"_ _1\"></span>azione, d<span class=\"_ _2\"></span>anno <span class=\"_ _1\"></span>in rel<span class=\"_ _2\"></span>azione <span class=\"_ _1\"></span>alla c<span class=\"_ _2\"></span>ompravendita <span class=\"_ _1\"></span>del 20<span class=\"_ _1\"></span>13 e <span class=\"_ _1\"></span>alle a<span class=\"_ _1\"></span>zi<span class=\"_ _3\"></span>oni <span class=\"_ _1\"></span>intraprese <span class=\"_ _2\"></span>da <span class=\"_ _1\"></span>RCS in <span class=\"_ _3\"></span>relazione <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>essa.  <span class=\"_ _6\"></span>RCS ha <span class=\"_ _6\"></span>corrisposto <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contributo <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _3\"></span>10 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>alle <span class=\"_ _3\"></span>spese <span class=\"_ _3\"></span>sostenute <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>contropa<span class=\"_ _2\"></span>rte. Inoltre, <span class=\"_ _15\"> </span>RCS <span class=\"_ _8\"> </span>ha <span class=\"_ _12\"> </span>acquistato<span class=\"_ _2\"></span>, <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>prezzo <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>euro <span class=\"_ _15\"> </span>59,9 <span class=\"_ _8\"> </span>mili<span class=\"_ _3\"></span>oni, <span class=\"_ _8\"> </span>l\u2019immobile <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>Via <span class=\"_ _8\"> </span>Solf<span class=\"_ _3\"></span>erino, <span class=\"_ _8\"> </span>sede <span class=\"_ _15\"> </span>storica <span class=\"_ _15\"> </span>del Corriere <span class=\"_ _12\"> </span>della <span class=\"_ _11\"> </span>Sera <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>parte <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>complesso <span class=\"_ _12\"> </span>immobiliare. <span class=\"_ _12\"> </span>Contestualmen<span class=\"_ _2\"></span>te <span class=\"_ _12\"> </span>alla <span class=\"_ _11\"> </span>sottoscrizione <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>relativo contratto <span class=\"_ _7\"></span>preliminare <span class=\"_ _7\"></span>di <span class=\"_ _8\"></span>compravendita <span class=\"_ _14\"></span>immobiliare, <span class=\"_ _7\"></span>in <span class=\"_ _8\"></span>data <span class=\"_ _7\"></span>15 <span class=\"_ _8\"></span>luglio <span class=\"_ _8\"></span>2022 <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>ha <span class=\"_ _8\"></span>versato <span class=\"_ _7\"></span>a <span class=\"_ _8\"></span>Kryalos <span class=\"_ _7\"></span>un acconto <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _6\"></span>10 <span class=\"_ _3\"></span>milioni. <span class=\"_ _6\"></span>L\u2019acquis<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _2\"></span>immobile <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _3\"></span>finalizzato <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>19 <span class=\"_ _3\"></span>ottobre <span class=\"_ _3\"></span>2022, <span class=\"_ _6\"></span>con contestuale pag<span class=\"_ _2\"></span>amento del <span class=\"_ _2\"></span>saldo prezzo per euro 49,9 <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ilioni. Con rife<span class=\"_ _2\"></span>rimento <span class=\"_ _2\"></span>agli eve<span class=\"_ _1\"></span>nti di RCS <span class=\"_ _1\"></span>Sport, la <span class=\"_ _1\"></span>relazione finanzia<span class=\"_ _2\"></span>ria annuale <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>RCS, <span class=\"_ _2\"></span>rimandando <span class=\"_ _2\"></span>a  <span class=\"_ _1\"></span>quanto descritto <span class=\"_ _15\"> </span>nelle <span class=\"_ _15\"> </span>pr<span class=\"_ _3\"></span>ecedent<span class=\"_ _2\"></span>i <span class=\"_ _15\"> </span>r<span class=\"_ _3\"></span>elazioni <span class=\"_ _15\"> </span>finanziarie <span class=\"_ _15\"> </span>annuali <span class=\"_ _15\"> </span>pubblicate <span class=\"_ _15\"> </span>negli <span class=\"_ _12\"> </span>anni <span class=\"_ _15\"> </span>dal <span class=\"_ _12\"> </span>31 <span class=\"_ _15\"> </span>dicembre <span class=\"_ _12\"> </span>2013 <span class=\"_ _15\"> </span>al <span class=\"_ _12\"> </span>31 dicembre <span class=\"_ _1\"></span>2021 <span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>ella re<span class=\"_ _2\"></span>lazione <span class=\"_ _1\"></span>finanziaria <span class=\"_ _1\"></span><span class=\"ls4a\">se<span class=\"_ _3\"></span><span class=\"ls0\">mestrale <span class=\"_ _16\"></span>2022, ripo<span class=\"_ _2\"></span>rta <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>quel <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>concerne <span class=\"_ _1\"></span>il p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ocediment<span class=\"_ _2\"></span>o </span></span>penale <span class=\"_ _7\"></span>instaurato <span class=\"_ _14\"></span>a <span class=\"_ _8\"> </span>seguito <span class=\"_ _14\"></span>dell\u2019<span class=\"_ _3\"></span>atto <span class=\"_ _7\"></span>di <span class=\"_ _7\"> </span>querela <span class=\"_ _7\"></span>depositato <span class=\"_ _7\"></span>da <span class=\"_ _7\"> </span>RCS <span class=\"_ _7\"> </span>Sport <span class=\"_ _7\"></span>in <span class=\"_ _7\"> </span>data <span class=\"_ _7\"> </span>10 <span class=\"_ _8\"> </span>ottobre <span class=\"_ _7\"></span>2013<span class=\"_ _3\"></span><span class=\"ff21\">, <span class=\"_ _7\"></span>la <span class=\"_ _8\"></span>Corte </span>d\u2019<span class=\"ff21\">A</span>ppello d<span class=\"_ _2\"></span>i Milano <span class=\"_ _2\"></span>all\u2019udi<span class=\"_ _2\"></span>enza del <span class=\"_ _2\"></span>9 lug<span class=\"_ _2\"></span>lio 2021<span class=\"ff21\"> av<span class=\"_ _2\"></span>eva ridet<span class=\"_ _2\"></span>erminato <span class=\"_ _2\"></span>la pena <span class=\"_ _1\"></span>in anni 2 e 6 <span class=\"_ _1\"></span>mesi di r<span class=\"_ _2\"></span>eclusione </span>ed <span class=\"_ _3\"></span>Euro 600 di<span class=\"_ _3\"></span> multa <span class=\"_ _3\"></span>e <span class=\"ff24\">confermato l<span class=\"_ _3\"></span>a sentenza <span class=\"_ _3\"></span>di condanna dell\u2019ex dipendente al <span class=\"_ _3\"></span>risarcimento dei <span class=\"_ _3\"></span>danni. <span class=\"_ _3\"></span></span>Nel corso de<span class=\"_ _2\"></span>ll\u2019esercizio 202<span class=\"_ _1\"></span>2 la Cassa<span class=\"_ _2\"></span>zione ha <span class=\"_ _1\"></span>dichiarato i<span class=\"_ _2\"></span>nammissibile <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>l ricorso <span class=\"_ _1\"></span>proposto dell\u2019<span class=\"_ _2\"></span>ex dipen<span class=\"_ _2\"></span>dente e <span class=\"_ _1\"></span>la<span class=\"_ _3\"></span> sentenza \u00e8 passata <span class=\"_ _2\"></span>in giudicato. Con <span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>ferimento <span class=\"_ _1\"></span>al <span class=\"_ _2\"></span>contratto<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di comprave<span class=\"_ _2\"></span>ndita <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>RCS Libr<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>S.p.A., desc<span class=\"_ _2\"></span>ritto <span class=\"_ _2\"></span>nelle <span class=\"_ _1\"></span>relazioni <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>annuali 2016-2021 <span class=\"_ _14\"></span><span class=\"ff24\">di <span class=\"_ _7\"></span>RCS, <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>all\u2019<span class=\"ff26\">earn-out <span class=\"_ _14\"></span></span></span>ivi <span class=\"_ _14\"></span>previsto, <span class=\"_ _14\"></span>si <span class=\"_ _7\"></span>segnala <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>state <span class=\"_ _14\"></span>attivate <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span><span class=\"ff24\">tutt\u2019ora</span> <span class=\"_ _6\"></span><span class=\"ls6\">in</span> <span class=\"_ _14\"></span>corso <span class=\"_ _14\"></span><span class=\"ls17\">le</span> procedure necessari<span class=\"_ _2\"></span>e <span class=\"ls4\">ad</span> accertare <span class=\"ls6\">la</span> sussistenza<span class=\"_ _2\"></span> <span class=\"ls8\">(o</span> <span class=\"ff24\">meno) <span class=\"_ _3\"></span>dei presupposti all\u2019erogazione di <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span><span class=\"ff26\">earn-out </span></span>e, <span class=\"_ _3\"></span>in tal caso, alla sua <span class=\"_ _2\"></span>determina<span class=\"_ _2\"></span>zione, cos\u00ec come st<span class=\"_ _2\"></span>abilito nel contrat<span class=\"_ _2\"></span>to di cessione. Di seguito si elencano<span class=\"_ _2\"></span> le principali g<span class=\"_ _2\"></span>aranzie prestate d<span class=\"_ _2\"></span>al Grup<span class=\"_ _1\"></span>po: <span class=\"ff21 fc0 ls78\">le<span class=\"ls0\"> f<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>de<span class=\"_ _16\"></span>j<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>io<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span> g<span class=\"_ _16\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>an<span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>co<span class=\"_ _16\"></span>mp<span class=\"_ _16\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _16\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>en<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> 26,3 <span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _16\"></span>i <span class=\"_ _1\"></span><span class=\"ls65\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>in<span class=\"_ _16\"></span>cr<span class=\"_ _16\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>en<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ls1\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>3,<span class=\"_ _1\"></span>5 <span class=\"_ _1\"></span>mi<span class=\"_ _2\"></span>li<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i </span></span></span></span></span></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _2\"></span>et<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ff24\">al<span class=\"_ _2\"></span>l\u2019<span class=\"_ _1\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span><span class=\"ff21\"> <span class=\"_ _8\"></span>pr<span class=\"_ _1\"></span>ece<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>. <span class=\"_ _14\"></span>pri<span class=\"_ _1\"></span>nc<span class=\"_ _2\"></span>ip<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>e <span class=\"_ _14\"></span>pe<span class=\"_ _2\"></span>r <span class=\"_ _14\"></span><span class=\"ls4e\">le</span> <span class=\"_ _7\"></span>fid<span class=\"_ _1\"></span>ei<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ss<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>ri<span class=\"_ _1\"></span>las<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _8\"></span>dal <span class=\"_ _14\"></span>gr<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span>po <span class=\"_ _14\"></span>m-<span class=\"_ _2\"></span>Di<span class=\"_ _2\"></span>s <span class=\"_ _14\"></span><span class=\"ls3\">ad</span> <span class=\"_ _7\"></span>ope<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ori <span class=\"_ _14\"></span><span class=\"ls7\">di</span> </span></span>tele<span class=\"_ _1\"></span>foni<span class=\"_ _2\"></span>a <span class=\"_\"> </span>a<span class=\"_ _1\"></span> <span class=\"_\"> </span>gar<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>ia <span class=\"_\"> </span>d<span class=\"_ _2\"></span>el <span class=\"_ _11\"> </span>cor<span class=\"_ _2\"></span>rett<span class=\"_ _2\"></span>o <span class=\"_\"> </span>a<span class=\"_ _1\"></span>demp<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>to <span class=\"_\"> </span>de<span class=\"_ _2\"></span>i <span class=\"_ _11\"> </span>con<span class=\"_ _2\"></span>tra<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>i <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_ _f\"> </span>distribuz<span class=\"_ _2\"></span>ione<span class=\"ls55\">. <span class=\"_ _10\"> </span></span>La<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>vo<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>inoltr<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>comprende<span class=\"_ _2\"></span> fidejussioni <span class=\"_ _12\"> </span>prestate <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>favore <span class=\"_\"> </span>del<span class=\"_ _2\"></span>l\u2019Amminis<span class=\"_ _2\"></span>trazione <span class=\"_ _11\"> </span>Pubblica <span class=\"_ _11\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _11\"> </span>altri <span class=\"_ _11\"> </span>enti <span class=\"_\"> </span>pub<span class=\"_ _2\"></span>blici <span class=\"_ _12\"> </span>per <span class=\"_ _15\"> </span>manifestazioni <span class=\"_ _15\"> </span>di concorsi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>premi, <span class=\"_ _1\"></span>conc<span class=\"_ _3\"></span>essioni <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>contenziosi. <span class=\"ff21 fc0 ls6\">le<span class=\"ls0\"> alt<span class=\"_ _2\"></span>re garanzi<span class=\"_ _2\"></span>e sono <span class=\"_ _2\"></span>pari <span class=\"_ _2\"></span>a Euro <span class=\"_ _2\"></span>16,2 m<span class=\"_ _2\"></span>ilioni, <span class=\"_ _2\"></span><span class=\"ls6\">in<span class=\"ls0\"> in<span class=\"_ _2\"></span>cremento <span class=\"_ _2\"></span><span class=\"ls7\">di<span class=\"ls0\"> Euro 4,2 <span class=\"_ _1\"></span>milioni rispetto <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> 31 <span class=\"_ _3\"></span>dicembre 2021<span class=\"_ _3\"></span> </span></span></span></span></span></span></span></span>per <span class=\"_ _6\"></span>nuove <span class=\"_ _3\"></span>garanzie <span class=\"_ _3\"></span>rilasciate <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>favore <span class=\"_ _3\"></span>dell\u2019Agenzia <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>Entrate <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>Crediti <span class=\"_ _3\"></span>IVA<span class=\"_ _3\"></span><span class=\"ff21\"> (Euro <span class=\"_ _1\"></span>3,9 <span class=\"_ _2\"></span>milioni). <span class=\"_ _1\"></span><span class=\"ls9\">La<span class=\"ls0\"> voc<span class=\"_ _2\"></span>e </span></span></span>inoltre <span class=\"_ _16\"></span>comprende <span class=\"_ _16\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>manleva <span class=\"_ _16\"></span>rilasciata <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>favore <span class=\"_ _16\"></span><span class=\"ff24\">dell\u2019Agenzia per lo Sviluppo dell\u2019Editoria e a favore di <span class=\"_ _3\"></span>SIAE </span></span></span>per rimborsi ricevu<span class=\"_ _2\"></span>ti. <span class=\"ff21 fc0\">gli <span class=\"_ _16\"></span>impegni <span class=\"_ _1\"></span>ammontano <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>Euro <span class=\"_ _1\"></span>1,3 <span class=\"_ _16\"></span>milioni, <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>diminuzione <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>0<span class=\"ff24\">,4 <span class=\"_ _16\"></span>milioni <span class=\"_ _16\"></span>rispetto <span class=\"_ _16\"></span>all\u2019esercizio <span class=\"_ _16\"></span>precedente. </span></span>La <span class=\"_ _12\"> </span>voce<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>comprende <span class=\"_ _11\"> </span>gli <span class=\"_ _12\"> </span>impegni <span class=\"_ _11\"> </span>contrattual<span class=\"_ _2\"></span>i <span class=\"_ _11\"> </span>(esistenti <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>potenziali) <span class=\"_ _12\"> </span>relativi <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>personale <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>si <span class=\"_ _11\"> </span>riferiscono unicamente <span class=\"_ _14\"></span>ad <span class=\"_ _7\"></span>accordi <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>vi<span class=\"_ _3\"></span>gore <span class=\"_ _14\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2022 <span class=\"_ _14\"></span>soggetti <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>clausole <span class=\"_ _7\"></span>contr<span class=\"_ _2\"></span>attuali <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>quella <span class=\"_ _7\"></span>data <span class=\"_ _14\"></span>sotto <span class=\"_ _7\"></span>il controllo esclus<span class=\"_ _2\"></span>ivo del Gru<span class=\"_ _2\"></span>ppo. Tali impegn<span class=\"_ _2\"></span>i sono sottoscritti <span class=\"_ _2\"></span>con parti corre<span class=\"_ _2\"></span>late per Euro 0,7 milioni. Si evidenzia<span class=\"_ _2\"></span> inoltre <span class=\"_ _1\"></span>che nell\u2019ambi<span class=\"_ _2\"></span>to delle <span class=\"_ _2\"></span>cession<span class=\"_ _2\"></span>i o co<span class=\"_ _2\"></span>nferimenti d<span class=\"_ _2\"></span>i par<span class=\"_ _2\"></span>tecipazioni o <span class=\"_ _2\"></span>rami d\u2019a<span class=\"_ _2\"></span>zienda <span class=\"_ _2\"></span>effettuate dal <span class=\"_ _8\"></span>Gruppo <span class=\"_ _7\"></span>RCS, <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _8\"></span>Gruppo <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>ha <span class=\"_ _8\"></span>concesso <span class=\"_ _8\"></span>garanzie <span class=\"_ _8\"></span>prevalentement<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>natura <span class=\"_ _8\"></span>fiscale, <span class=\"_ _8\"></span>previdenzia<span class=\"_ _2\"></span>le <span class=\"_ _8\"></span>e lavoristiche anco<span class=\"_ _2\"></span>ra attive. T<span class=\"_ _2\"></span>ali garanzie sono s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ate rilasciate s<span class=\"_ _2\"></span>econdo usi e cond<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>zioni di mercato. Ai <span class=\"_ _7\"></span>sensi <span class=\"_ _14\"></span>dell\u2019art. <span class=\"_ _7\"> </span>1 <span class=\"_ _7\"> </span>commi <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>125 <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>129 <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>Legge <span class=\"_ _14\"></span>4 <span class=\"_ _7\"> </span>agosto <span class=\"_ _7\"> </span>20<span class=\"_ _3\"></span><span class=\"ff21\">17 <span class=\"_ _7\"></span>n. <span class=\"_ _7\"></span>124, <span class=\"_ _7\"></span>relativamente <span class=\"_ _14\"></span>agli <span class=\"_ _7\"></span>obblighi <span class=\"_ _7\"></span>di </span>pubblicazione <span class=\"_ _14\"></span>di <span class=\"_ _8\"></span>sovvenzi<span class=\"_ _2\"></span>oni, <span class=\"_ _7\"></span>contributi, <span class=\"_ _7\"></span>incarichi <span class=\"_ _14\"></span>retribuiti <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>comunque <span class=\"_ _14\"></span>vantaggi <span class=\"_ _7\"></span>economici <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>qualunque genere <span class=\"_ _6\"></span>ricevuti <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>pubbli<span class=\"_ _2\"></span>che <span class=\"_ _6\"></span>amministrazion<span class=\"_ _2\"></span>i, <span class=\"_ _6\"></span> <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>segnala <span class=\"_ _3\"></span>che <span class=\"_ _14\"></span>gli <span class=\"_ _6\"></span>Enti <span class=\"_ _3\"></span>erogatori <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>tenuti <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>pubblicare<span class=\"_ _3\"></span> <span class=\"_ _14\"></span><span class=\"ls17\">i </span>contributi <span class=\"_ _24f\"> </span>sul <span class=\"_ _24f\"> </span>Registro <span class=\"_ _24f\"> </span>nazionale <span class=\"_ _24f\"> </span>degli <span class=\"_ _24f\"> </span>aiuti, <span class=\"_ _24f\"> </span>accessibile <span class=\"_ _24f\"> </span>al <span class=\"_ _24f\"> </span>seguente <span class=\"_ _24f\"> </span>indirizzo:<span class=\"_ _3\"></span>  in materia di aiu<span class=\"_ _2\"></span>ti di Stato e di<span class=\"_ _2\"></span> aiuti de minim<span class=\"_ _2\"></span>is. Con <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>Registro Nazionale <span class=\"_ _3\"></span>Degli <span class=\"_ _3\"></span>Aiuti <span class=\"_ _3\"></span>(RNA) <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>segnala <span class=\"_ _3\"></span>l\u2019indicazione<span class=\"ff21\"> <span class=\"_ _6\"></span>relativa al <span class=\"_ _6\"></span>riconosc<span class=\"_ _2\"></span>imento </span>del <span class=\"_ _7\"></span>credito <span class=\"_ _14\"></span>d\u2019imposta <span class=\"_ _14\"></span>a <span class=\"_ _7\"> </span>favore <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>imprese <span class=\"_ _14\"></span>editrici <span class=\"_ _14\"></span>di <span class=\"_ _7\"> </span>quotidiani <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>periodici <span class=\"_ _14\"></span>per <span class=\"_ _7\"> </span>le <span class=\"_ _7\"> </span>spese <span class=\"_ _14\"></span>sostenute <span class=\"_ _7\"> </span>per l'acquisto della ca<span class=\"_ _2\"></span>rta e per la distr<span class=\"_ _2\"></span>ibuzione delle t<span class=\"_ _2\"></span>estate edi<span class=\"_ _2\"></span>te Si <span class=\"_ _7\"></span>evidenzia <span class=\"_ _14\"></span>inoltre <span class=\"_ _14\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>sono <span class=\"_ _14\"></span>stati <span class=\"_ _7\"></span>considerati <span class=\"_ _14\"></span>gli <span class=\"_ _7\"></span>importi <span class=\"_ _14\"></span>inerenti <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>transazioni <span class=\"_ _7\"></span>commerc<span class=\"_ _2\"></span>iali<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>realizzate nell\u2019esercizio che p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>evedono un co<span class=\"_ _2\"></span>rrispettivo. 40<span class=\"ls0\">.<span class=\"fc0\"> R<span class=\"_ _1\"></span>apport<span class=\"_ _1\"></span>i con<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>rti co<span class=\"_ _1\"></span>rrela<span class=\"_ _1\"></span>te </span></span>In <span class=\"_ _2\"></span>adempimento <span class=\"_ _1\"></span>a qua<span class=\"_ _2\"></span>nto <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ichiesto <span class=\"_ _1\"></span>con comun<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>cazione <span class=\"_ _1\"></span>Consob ai <span class=\"_ _1\"></span>sensi <span class=\"_ _2\"></span>dell\u2019artico<span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span>114, <span class=\"_ _1\"></span>comma<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _16\"></span>5, <span class=\"_ _0\"></span>del <span class=\"_ _16\"></span><span class=\"ls16\">D.<span class=\"ls0\"> <span class=\"_ _16\"></span>Lgs. </span></span></span>n.58/98, protocollo <span class=\"_ _3\"></span>numero 13046378 <span class=\"_ _6\"></span>del 27 m<span class=\"_ _3\"></span>aggio <span class=\"_ _3\"></span>2013, <span class=\"ls34\">si</span> <span class=\"_ _3\"></span>riportano <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>questa <span class=\"_ _7\"></span>nota <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>rapporti <span class=\"_ _8\"></span>verso <span class=\"_ _14\"></span>parti correlate del Gruppo<span class=\"_ _2\"></span>. Le<span class=\"ls0\"> proc<span class=\"_ _2\"></span>edure <span class=\"_ _2\"></span>adottate <span class=\"_ _1\"></span>dal Gruppo <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> ope<span class=\"_ _2\"></span>razioni <span class=\"_ _2\"></span>con <span class=\"_ _1\"></span>par<span class=\"_ _3\"></span>ti co<span class=\"_ _2\"></span>rrelate, <span class=\"_ _1\"></span><span class=\"ls4\">ai<span class=\"ls0\"> fini <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> assicura<span class=\"_ _2\"></span>rne la trasparenza e la </span></span></span></span></span></span></span>correttezza <span class=\"_ _3\"></span>sostanziale <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>procedurale, <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>inf<span class=\"_ _3\"></span>ormativa <span class=\"_ _6\"></span><span class=\"ff24\">nella <span class=\"_ _3\"></span>\u201cRelazione</span> <span class=\"_ _3\"></span>sul Governo <span class=\"_ _3\"></span>Societario e gli <span class=\"_ _7\"></span>Assetti <span class=\"_ _7\"></span><span class=\"ff24\">Proprietari\u201d</span> <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>consultabili <span class=\"_ _7\"></span>sul <span class=\"_ _7\"></span>sito <span class=\"_ _7\"></span>della <span class=\"_ _15\"></span>societ\u00e0 <span class=\"_ _8\"></span>nella <span class=\"_ _15\"></span>sezione Corporate Governan<span class=\"_ _2\"></span>ce<span class=\"ff21\">. </span>Le <span class=\"_ _1\"></span>operazioni <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>parti <span class=\"_ _1\"></span>correlate <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>maggiore <span class=\"_ _1\"></span>rilevanza <span class=\"_ _16\"></span>sono <span class=\"_ _2\"></span>riservate <span class=\"_ _1\"></span>alla <span class=\"_ _16\"></span>competenza <span class=\"_ _1\"></span>esclusiva <span class=\"_ _7\"></span>del <span class=\"_ _8\"></span>Consigl<span class=\"_ _2\"></span>io di <span class=\"_ _11\"> </span>Amministrazione <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>non <span class=\"_ _11\"> </span>possono <span class=\"_ _11\"> </span>formare <span class=\"_\"> </span>ogg<span class=\"_ _1\"></span>etto <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_ _11\"> </span>delega. <span class=\"_ _3\"></span>Tali operazioni, cos\u00ec <span class=\"_ _3\"></span>come anche <span class=\"_ _3\"></span>talune <span class=\"_ _3\"></span>di quelle <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>minore <span class=\"_ _8\"></span>r<span class=\"_ _3\"></span>ilevanza,<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>sono <span class=\"_ _15\"></span>sottoposte <span class=\"_ _7\"></span>al <span class=\"_ _15\"> </span>preventivo <span class=\"_ _8\"></span>parere <span class=\"_ _8\"></span>del <span class=\"_ _8\"></span>Comitato <span class=\"_ _8\"></span>per <span class=\"_ _8\"></span>le <span class=\"_ _15\"> </span>operazioni <span class=\"_ _8\"></span>con <span class=\"_ _8\"></span>parti correlate ivi previ<span class=\"_ _2\"></span>sto. Sono state identif<span class=\"_ _2\"></span>icate come par<span class=\"_ _2\"></span>ti cor<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>lat<span class=\"_ _2\"></span>e:<span class=\"_ _1\"></span> <span class=\"ff21 fs2 fc0 ls6\">le<span class=\"ls0\"> <span class=\"_ _14\"></span>entit\u00e0 <span class=\"_ _6\"></span>controllanti <span class=\"_ _6\"></span>dirette <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>indirette <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>Cairo <span class=\"_ _14\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _14\"></span>S.p.A., <span class=\"_ _6\"></span><span class=\"ls6\">le</span> <span class=\"_ _6\"></span>loro <span class=\"_ _14\"></span>controllat<span class=\"_ _2\"></span>e, <span class=\"_ _14\"></span>le <span class=\"_ _7\"></span>collegate <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>le </span></span>consociate <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>Gruppo, <span class=\"_ _3\"></span>cos\u00ec <span class=\"_ _6\"></span>come <span class=\"_ _3\"></span>riportato <span class=\"_ _6\"></span>nell\u2019elen<span class=\"_ _2\"></span>co <span class=\"_ _6\"></span>allegato <span class=\"_ _3\"></span>alla <span class=\"_ _6\"></span>presen<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>Relazione <span class=\"_ _3\"></span>Finanziaria <span class=\"_ _3\"></span>Annuale (\u201cElenco <span class=\"_\"> </span>partec<span class=\"ff21\">ipazioni <span class=\"_\"> </span>di <span class=\"_ _10\"> </span>Gruppo <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>31 <span class=\"_ _10\"> </span>dicembre <span class=\"_\"> </span>2022</span>\u201d). <span class=\"_ _10\"> </span>La <span class=\"_ _10\"> </span>controllante <span class=\"_\"> </span>ultima <span class=\"_\"> </span>del<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>Gruppo <span class=\"_\"> </span>\u00e8 <span class=\"_ _10\"> </span>U.T. Communication<span class=\"_ _2\"></span>s S.p.A.; amministratori, sinda<span class=\"_ _2\"></span>ci e dirigenti con responsabilit\u00e0 strategi<span class=\"_ _2\"></span>che e i loro familiari str<span class=\"_ _1\"></span>etti.<span class=\"_ _1\"></span> Si<span class=\"ls0\"> fo<span class=\"_ _1\"></span>rnis<span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>o n<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>le <span class=\"_ _1\"></span>seg<span class=\"_ _2\"></span>uen<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>tabell<span class=\"_ _1\"></span>e i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>ettag<span class=\"_ _1\"></span>li <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>ei <span class=\"_ _1\"></span>rapp<span class=\"_ _1\"></span>orti<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span> pa<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>rrela<span class=\"_ _2\"></span>te <span class=\"_ _1\"></span>sud<span class=\"_ _1\"></span>divis<span class=\"_ _1\"></span>i p<span class=\"_ _2\"></span>er <span class=\"_ _1\"></span>lin<span class=\"_ _2\"></span>ee di bilancio. <span class=\"_ _3\"></span>Sono </span>esclusi i rapporti <span class=\"_ _2\"></span>infragruppo el<span class=\"_ _2\"></span>iminati nel pro<span class=\"_ _2\"></span>cesso di conso<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>idamento. Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>diti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ieCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>diti<span class=\"_ _1\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>diti<span class=\"_ _1\"></span> Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>lico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>ie<span class=\"_ _14\"></span> f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _82\"> </span><span class=\"fc0\"> <span class=\"_ _250\"> </span></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _46\"> </span><span class=\"fc0\"> <span class=\"_ _1a\"> </span> <span class=\"_ _10d\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4</span>Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>ate<span class=\"_ _8c\"> </span><span class=\"fc0\"> <span class=\"_ _251\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8</span>Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _51\"> </span><span class=\"fc0\">0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _80\"> </span> <span class=\"_ _240\"> </span>2,<span class=\"_ _3\"></span>8<span class=\"_ _e1\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4De<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>ti e<span class=\"_ _14\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ieDe<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)e<span class=\"_ _14\"></span>  altr<span class=\"_ _16\"></span>i de<span class=\"_ _6\"></span>bitif<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>ie<span class=\"_ _14\"></span> co<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>iSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _1e6\"> </span><span class=\"fc0\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1</span>Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>ate<span class=\"_ _140\"> </span><span class=\"fc0\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7</span>Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _21\"> </span> To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _80\"> </span> <span class=\"_ _1af\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8Ricavi e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>tiRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>tiviCo<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iPr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>nti<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>iSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>iSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _252\"> </span>(1<span class=\"_ _1\"></span>5,<span class=\"_ _16\"></span>2)0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>ate<span class=\"_ _c2\"> </span>(1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>)0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _253\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>)1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _b6\"> </span>(17<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)1<span class=\"_ _3\"></span>,7I <span class=\"_ _1\"></span>rapporti ve<span class=\"_ _2\"></span>rso <span class=\"_ _1\"></span>le soci<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _1\"></span>collegate <span class=\"_ _1\"></span>si rife<span class=\"_ _2\"></span>riscono <span class=\"_ _1\"></span>prevalentemen<span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>alle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>collegate <span class=\"_ _2\"></span>appartenenti <span class=\"_ _0\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span>G<span class=\"_ _16\"></span>ruppo </span></span>Bermont, <span class=\"_ _7\"></span>verso <span class=\"_ _7\"></span><span class=\"ls6\">le</span> <span class=\"_ _7\"></span>quali, <span class=\"_ _7\"></span><span class=\"ls6\">le</span> <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _8\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>che <span class=\"_ _8\"></span>operano <span class=\"_ _7\"></span><span class=\"ls6\">in</span> <span class=\"_ _7\"></span>Spagna <span class=\"_ _12\"> </span>(Gruppo <span class=\"_ _11\"> </span>Unidad <span class=\"_ _11\"> </span>Editorial), <span class=\"_ _11\"> </span>hanno sostenuto costi ne<span class=\"_ _2\"></span>l 2022 per Euro 13,1 <span class=\"_ _2\"></span>milioni e deten<span class=\"_ _2\"></span>gono debiti com<span class=\"_ _2\"></span>merciali per Euro 9,1 <span class=\"_ _2\"></span>milioni.<span class=\"fs0\"> </span>Si segna<span class=\"_ _2\"></span>lano inolt<span class=\"_ _2\"></span>re rappor<span class=\"_ _2\"></span>ti con<span class=\"_ _2\"></span> le <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _1\"></span>valutate a p<span class=\"_ _2\"></span>atrimonio ne<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>to del G<span class=\"_ _2\"></span>ruppo <span class=\"_ _2\"></span>m-Dis Dist<span class=\"_ _2\"></span>ribuzione <span class=\"_ _0\"></span>Me<span class=\"_ _3\"></span>dia verso <span class=\"_ _2\"></span><span class=\"ls17\">le<span class=\"ls0\"> q<span class=\"_ _2\"></span>uali <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> so<span class=\"_ _2\"></span>ciet\u00e0 <span class=\"_ _1\"></span>del Gruppo <span class=\"_ _1\"></span>hanno <span class=\"_ _2\"></span>realizza<span class=\"_ _2\"></span>to n<span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>2022 <span class=\"_ _1\"></span>ricavi pe<span class=\"_ _2\"></span>r <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>0,4 milioni <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sostenuto costi <span class=\"_ _3\"></span>per </span></span></span></span>Euro <span class=\"_ _16\"></span>1,2 <span class=\"_ _16\"></span>milioni <span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>detengono <span class=\"_ _16\"></span>crediti <span class=\"_ _16\"></span>commerciali <span class=\"_ _16\"></span>per <span class=\"_ _16\"></span>Euro <span class=\"_ _1\"></span>1,4 <span class=\"_ _16\"></span>milioni, <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>commercial<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>Euro <span class=\"_ _16\"></span>0,<span class=\"_ _3\"></span>7 <span class=\"_ _16\"></span>milioni. I rapporti con societ\u00e0 co<span class=\"_ _2\"></span>nsociate riguardano p<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>cip<span class=\"_ _1\"></span>alme<span class=\"_ _2\"></span>nte<span class=\"_ _1\"></span>: <span class=\"ff24 fs2 fc0\">l\u2019accordo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>concessione <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>essere <span class=\"_ _14\"></span>tra <span class=\"_ _6\"></span>CAIRORC<span class=\"_ _2\"></span>S <span class=\"_ _6\"></span>Me<span class=\"_ _3\"></span>dia <span class=\"_ _14\"></span>S.p.A. <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Torino <span class=\"_ _14\"></span>FC <span class=\"_ _6\"></span>S.p.A. <span class=\"_ _6\"></span>(societ\u00e0 <span class=\"_ _6\"></span>controllata <span class=\"_ _14\"></span>da<span class=\"_ _2\"></span> </span>U.T. <span class=\"_ _1\"></span>Communications)<span class=\"_ _2\"></span>, <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>vendita <span class=\"_ _1\"></span>degli <span class=\"_ _16\"></span>spazi <span class=\"_ _1\"></span>pubblicitari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>bordo <span class=\"_ _16\"></span>campo <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>pacchetti <span class=\"_ _1\"></span>di <span class=\"_ _16\"></span>sponsorizzazione promo-pubblicitar<span class=\"_ _2\"></span>ia. <span class=\"_ _7\"></span>Per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>tale <span class=\"_ _8\"></span><span class=\"ff24\">contratto <span class=\"_ _7\"></span>nell\u2019eser<span class=\"_ _2\"></span>cizio <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>state <span class=\"_ _7\"></span>riconosciute <span class=\"_ _14\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>concedente <span class=\"_ _7\"></span>quote<span class=\"_ _2\"></span> </span>editore <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>Euro 2,6<span class=\"_ _1\"></span> milioni <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>fronte <span class=\"_ _1\"></span>di ricavi<span class=\"_ _2\"></span> pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> Eu<span class=\"_ _1\"></span>ro 3,1 <span class=\"_ _1\"></span>milioni <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>netto <span class=\"_ _1\"></span>degli s<span class=\"_ _2\"></span>conti <span class=\"_ _1\"></span>di agenz<span class=\"_ _2\"></span>ia. <span class=\"_ _2\"></span>CAIR<span class=\"_ _2\"></span>ORCS Media S.p.A. ha m<span class=\"_ _2\"></span>aturato anche u<span class=\"_ _2\"></span>lteriori provvigion<span class=\"_ _2\"></span>i attive per Euro 0,1<span class=\"_ _2\"></span> milioni; <span class=\"ff24 fs2 fc0\">l\u2019accordo <span class=\"_ _10\"> </span>i<span class=\"_ _3\"></span>n <span class=\"_ _10\"> </span>essere <span class=\"_ _10\"> </span>t<span class=\"_ _3\"></span>ra <span class=\"_ _10\"> </span>la <span class=\"_ _f\"> </span>Cairo <span class=\"_ _f\"> </span>Communica<span class=\"_ _2\"></span>tion <span class=\"_ _f\"> </span>S.p.A. <span class=\"_ _10\"> </span>ed <span class=\"_ _10\"> </span>i<span class=\"_ _3\"></span>l <span class=\"_ _f\"> </span>Torino <span class=\"_ _10\"> </span>F.C. <span class=\"_ _10\"> </span>per <span class=\"_ _f\"> </span>l\u2019erogazione <span class=\"_ _10\"> </span>di <span class=\"_ _f\"> </span>servizi<span class=\"_ _2\"></span> </span>amministrativi <span class=\"_ _2\"></span>quali la tenuta de<span class=\"_ _2\"></span>lla contabili<span class=\"_ _2\"></span>t\u00e0, che prevede un <span class=\"_ _2\"></span>corrispettivo a<span class=\"_ _2\"></span>nnuale di Euro 0,1 <span class=\"_ _2\"></span>milioni. I rappo<span class=\"_ _2\"></span>rti con<span class=\"_ _2\"></span> \u201ca<span class=\"_ _2\"></span>ltre part<span class=\"_ _2\"></span>i co<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>relate\u201d <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>riferiscono <span class=\"_ _1\"></span>principalmente <span class=\"_ _2\"></span>ai rappo<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ti com<span class=\"_ _2\"></span>mer<span class=\"ff21\">ciali con <span class=\"_ _2\"></span>il G<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>uppo Pi<span class=\"_ _2\"></span>relli </span>e <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _14\"></span>Della <span class=\"_ _6\"></span>Valle, <span class=\"_ _14\"></span>verso <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>quali <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>societ\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>Gruppo <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>ealizzato <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>complessiv<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>1 milione. I crediti co<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>merciali ammon<span class=\"_ _2\"></span>tano a Euro 0,6 <span class=\"_ _2\"></span>milioni. Le <span class=\"_ _14\"></span>operazioni <span class=\"_ _14\"></span>effettuate <span class=\"_ _14\"></span>nel <span class=\"_ _14\"></span>corso <span class=\"_ _7\"></span>dell\u2019anno <span class=\"_ _14\"></span>con <span class=\"_ _14\"></span>p<span class=\"ff21\">arti <span class=\"_ _14\"></span>cor<span class=\"_ _3\"></span>relate, <span class=\"_ _14\"></span>ivi <span class=\"_ _14\"></span>comprese <span class=\"_ _14\"></span>quelle <span class=\"_ _14\"></span>i<span class=\"_ _3\"></span>nfragruppo, <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>sono </span>qualificabili <span class=\"_ _7\"></span>n\u00e9 <span class=\"_ _15\"> </span>come <span class=\"_ _7\"></span>atipiche <span class=\"_ _15\"></span>n\u00e9 <span class=\"_ _8\"></span>come <span class=\"_ _8\"></span>inusuali, <span class=\"_ _8\"></span>rientrando <span class=\"_ _7\"></span>nel <span class=\"_ _8\"></span>normale <span class=\"_ _15\"></span>corso <span class=\"_ _7\"></span>di <span class=\"_ _15\"></span>attivit\u00e0 <span class=\"_ _8\"></span>delle <span class=\"_ _8\"></span>societ\u00e0 <span class=\"_ _8\"></span>del Gruppo. <span class=\"_ _3\"></span>Dette <span class=\"_ _6\"></span>operazioni <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>regolate <span class=\"_ _6\"></span>a <span class=\"_ _3\"></span>condizioni <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>mercato, <span class=\"_ _3\"></span>tenuto <span class=\"_ _6\"></span>conto <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>caratte<span class=\"_ _3\"></span>ristiche <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>beni <span class=\"_ _3\"></span>e servizi prestati.<span class=\"_ _2\"></span> Nel <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span>Cairo <span class=\"_ _8\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>le <span class=\"_ _7\"></span>sue <span class=\"_ _7\"></span>controllate <span class=\"_ _7\"></span>diverse <span class=\"_ _8\"></span>da <span class=\"_ _7\"></span>quelle <span class=\"_ _7\"></span>appartenenti <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>hanno riconosciuto agli A<span class=\"_ _2\"></span>mministratori, ai S<span class=\"_ _2\"></span>indaci, ai Diretto<span class=\"_ _2\"></span>ri Generali e ai Dirig<span class=\"_ _2\"></span>enti con responsabil<span class=\"_ _2\"></span>it\u00e0 strategiche<span class=\"_ _2\"></span> compensi <span class=\"_ _12\"> </span>per <span class=\"_ _11\"> </span>complessivi<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>Euro <span class=\"_ _11\"> </span>4,4 <span class=\"_ _11\"> </span>milioni. <span class=\"_ _12\"> </span>Tali <span class=\"_ _11\"> </span>informazioni <span class=\"_ _12\"> </span>sono <span class=\"_ _11\"> </span>analizzate <span class=\"_ _12\"> </span>in <span class=\"_ _11\"> </span>dettaglio <span class=\"_ _11\"> </span>nell\u2019appos<span class=\"_ _2\"></span>ita Relazione sulla re<span class=\"_ _2\"></span>munerazione r<span class=\"_ _2\"></span>edatta ai sensi d<span class=\"_ _2\"></span>ell\u2019art. 123<span class=\"ff21\">-ter del TUF. </span>Nel <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span>il <span class=\"_ _8\"></span>Gruppo <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>riconosciuto <span class=\"_ _7\"></span>agli <span class=\"_ _7\"></span>Amministratori, <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>Sindaci <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>Dir<span class=\"_ _3\"></span>igenti <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>responsabilit\u00e0<span class=\"_ _1\"></span> strategiche comp<span class=\"_ _2\"></span>ensi per compless<span class=\"_ _2\"></span>ivi Euro 7,8 milioni,<span class=\"_ _2\"></span> meglio comment<span class=\"_ _2\"></span>ati nella succes<span class=\"_ _2\"></span>siva Nota 44. Nel <span class=\"_ _1\"></span>corso <span class=\"_ _1\"></span>dell\u2019esercizio <span class=\"_ _16\"></span>non <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>state <span class=\"_ _1\"></span>concluse <span class=\"_ _16\"></span>operazioni <span class=\"_ _1\"></span><span class=\"ff21\">con <span class=\"_ _1\"></span>componenti <span class=\"_ _16\"></span>del <span class=\"_ _2\"></span>Consig<span class=\"_ _2\"></span>lio <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Amministrazione,<span class=\"_ _2\"></span> </span>direttori <span class=\"_ _15\"> </span>generali <span class=\"_ _8\"></span>e/o <span class=\"_ _12\"> </span>dirigenti <span class=\"_ _15\"></span>con <span class=\"_ _8\"></span>r<span class=\"_ _3\"></span>esponsabili<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _15\"> </span>strategica, <span class=\"_ _15\"> </span>componenti <span class=\"_ _8\"></span>del <span class=\"_ _12\"> </span>Collegio <span class=\"_ _15\"></span>Sindacal<span class=\"_ _2\"></span>e, <span class=\"_ _15\"> </span>dirigente preposto, ulterio<span class=\"_ _2\"></span>ri rispetto a<span class=\"_ _2\"></span>i compensi erogat<span class=\"_ _2\"></span>i e quanto<span class=\"_ _2\"></span> gi\u00e0 evidenziato ne<span class=\"_ _2\"></span>lla presente nota. Si precisa che: <span class=\"ff21 fs2 fc0\">con riferimen<span class=\"_ _2\"></span>to a <span class=\"_ _2\"></span>Cairo <span class=\"_ _2\"></span>Communi<span class=\"_ _2\"></span>cation <span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>lle su<span class=\"_ _2\"></span>e soc<span class=\"_ _2\"></span>iet\u00e0 con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>rollate d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>verse <span class=\"_ _2\"></span>da q<span class=\"_ _2\"></span>uelle <span class=\"_ _2\"></span>appartenenti <span class=\"_ _1\"></span>al Gruppo </span>RCS, <span class=\"_ _3\"></span>non <span class=\"_ _6\"></span>esistono <span class=\"_ _6\"></span>accordi <span class=\"_ _3\"></span>tra <span class=\"_ _6\"></span>le <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _3\"></span>amministratori <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>prevedono <span class=\"_ _3\"></span>indennit\u00e0 <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>caso <span class=\"_ _6\"></span>di dimissioni <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>licenziamento <span class=\"_ _14\"></span>senza <span class=\"_ _7\"> </span>giusta <span class=\"_ _8\"> </span>causa <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>il <span class=\"_ _7\"> </span>loro <span class=\"_ _7\"> </span>r<span class=\"_ _3\"></span>apporto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>lavoro <span class=\"_ _7\"></span>cessa <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>seguito <span class=\"_ _7\"></span>di <span class=\"_ _7\"> </span>un\u2019offerta pubblica <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>acquisto; <span class=\"_ _6\"></span>esistono <span class=\"_ _6\"></span>accordi <span class=\"_ _3\"></span>tra <span class=\"_ _6\"></span>Cairo <span class=\"_ _6\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>dott. <span class=\"_ _3\"></span>Uberto <span class=\"_ _6\"></span>Fornara <span class=\"_ _6\"></span>che <span class=\"_ _3\"></span>prevedono, <span class=\"_ _3\"></span>a fronte <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>impegni di <span class=\"_ _1\"></span>non co<span class=\"_ _2\"></span>ncorrenza <span class=\"_ _1\"></span>per 18 <span class=\"_ _1\"></span>mesi su<span class=\"_ _1\"></span>ccessivi alla <span class=\"_ _1\"></span>cessazione de<span class=\"_ _2\"></span>l r<span class=\"_ _2\"></span>apporto <span class=\"_ _1\"></span>di lavor<span class=\"_ _2\"></span>o d<span class=\"_ _1\"></span>irigenziale con la Societ\u00e0, <span class=\"_ _2\"></span>l\u2019erogazione in co<span class=\"_ _2\"></span>rso di rapport<span class=\"_ _2\"></span>o di un corrispett<span class=\"_ _2\"></span>ivo annuale lo<span class=\"_ _2\"></span>rdo di Euro 100 <span class=\"_ _2\"></span>mila.<span class=\"ff21\"> </span>con r<span class=\"_ _3\"></span>iferimento a RCS, per quanto concerne i <span class=\"_ _3\"></span>trattamenti previsti in caso di <span class=\"_ _3\"></span>cessazione e<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>di scioglimento de<span class=\"ls17\">l </span>rapporto <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>lavoro <span class=\"_ _3\"></span>si <span class=\"_ _6\"></span>rimanda <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>quanto <span class=\"_ _3\"></span>descritto <span class=\"_ _6\"></span>nella <span class=\"_ _3\"></span>Relazione <span class=\"_ _3\"></span>sulla <span class=\"_ _6\"></span>Remuneraz<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>pubblicata <span class=\"_ _6\"></span>sul sito internet Si <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>ecisa <span class=\"_ _11\"> </span>inoltre <span class=\"_\"> </span>c<span class=\"_ _1\"></span>he <span class=\"_\"> </span>non <span class=\"_ _11\"> </span>esistono <span class=\"_ _11\"> </span>piani <span class=\"_ _11\"> </span>per <span class=\"_\"> </span>la <span class=\"_\"> </span>su<span class=\"_ _2\"></span>ccessione <span class=\"_ _11\"> </span>degli <span class=\"_ _11\"> </span>amministratori <span class=\"_ _12\"> </span>es<span class=\"_ _3\"></span>ecutivi <span class=\"_ _11\"> </span>e <span class=\"_\"> </span>c<span class=\"_ _2\"></span>he <span class=\"_ _11\"> </span>Cairo Communication <span class=\"_ _2\"></span>non ha al momen<span class=\"_ _2\"></span>to in essere piani <span class=\"_ _2\"></span>di stock option. 41. I<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>zioni<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>sui <span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _1\"></span>i Il <span class=\"_\"> </span>Gruppo <span class=\"_ _11\"> </span>gestisce <span class=\"_\"> </span>la <span class=\"_\"> </span>stru<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>tura <span class=\"_\"> </span>del <span class=\"_ _11\"> </span>c<span class=\"_ _3\"></span>apitale <span class=\"_\"> </span>e <span class=\"_ _11\"> </span>i <span class=\"_\"> </span>rischi <span class=\"_\"> </span>finanzia<span class=\"_ _2\"></span>ri <span class=\"_\"> </span>in <span class=\"_ _11\"> </span>coerenza <span class=\"_\"> </span>con <span class=\"_ _11\"> </span>la <span class=\"_\"> </span>struttura <span class=\"_\"> </span>d<span class=\"_ _2\"></span>ell\u2019attivo patrimoniale, <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>l\u2019obiettivo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>mantenere <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>tempo <span class=\"_ _6\"></span>un <span class=\"_ _14\"></span>rating <span class=\"_ _6\"></span>creditizio <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>livelli <span class=\"_ _6\"></span>degli<span class=\"_ _3\"></span><span class=\"ff21\"> indicatori di capitale </span>adeguati <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>coerenti, <span class=\"_ _16\"></span>tenendo <span class=\"_ _16\"></span>conto <span class=\"_ _1\"></span><span class=\"ff24\">dell\u2019attuale<span class=\"ff21\"> <span class=\"_ _1\"></span>dinamica <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>offerta di credito in Ita<span class=\"_ _2\"></span>lia e Spagna. </span></span>Il<span class=\"ls0\"> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>monitora <span class=\"_ _1\"></span>costantemente <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>rischi <span class=\"_ _1\"></span>finanziari <span class=\"_ _1\"></span>connessi <span class=\"_ _16\"></span>alle <span class=\"_ _1\"></span>proprie <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quelle <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>elative <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>proprie </span>societ\u00e0 controllat<span class=\"_ _2\"></span>e. Ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di li<span class=\"_ _2\"></span>quid<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>\u00e0 Il rischio di liquidit\u00e0 pu\u00f2 so<span class=\"_ _2\"></span>rgere in relazione alle d<span class=\"_ _2\"></span>ifficolt\u00e0 ad ottene<span class=\"_ _2\"></span>re finanziamenti a supporto delle attivit<span class=\"_ _2\"></span>\u00e0 operative nella co<span class=\"_ _2\"></span>rretta tem<span class=\"_ _2\"></span>pistica, anche <span class=\"_ _2\"></span>al fine di, se <span class=\"_ _2\"></span>del caso, rimborsa<span class=\"_ _2\"></span>re finanziamen<span class=\"_ _2\"></span>ti in scadenz<span class=\"_ _2\"></span>a.<span class=\"_ _3\"></span> Come <span class=\"_ _7\"></span>descritto <span class=\"_ _14\"></span>nella <span class=\"_ _7\"></span>Nota <span class=\"_ _14\"></span>29 <span class=\"_ _7\"> </span>\u201cdebiti <span class=\"_ _7\"> </span>e <span class=\"_ _7\"> </span>passivit\u00e0 <span class=\"_ _7\"></span>finanziarie <span class=\"_ _14\"></span>non <span class=\"_ _7\"> </span>correnti\u201d, <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _14\"></span>dicembre <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>Gruppo dispone, <span class=\"_ _3\"></span>oltre a <span class=\"_ _6\"></span>disponibilit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _3\"></span>liquide, <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>linee <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>credito <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>termine <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>utilizzate che <span class=\"_ _3\"></span>consentono flessibilit\u00e0 nella g<span class=\"_ _2\"></span>estione dei fabbi<span class=\"_ _2\"></span>sogni consegu<span class=\"_ _2\"></span>enti delle attivi<span class=\"_ _2\"></span>t\u00e0 operative. Liq<span class=\"_ _2\"></span>uidi<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>ysi<span class=\"_ _1\"></span>s La <span class=\"_ _6\"></span>seguente <span class=\"_ _3\"></span>tabella <span class=\"_ _6\"></span>riassu<span class=\"_ _2\"></span>me <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>profilo <span class=\"_ _3\"></span>patrimoniale <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>passivi<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>co<span class=\"_ _6\"></span>rrenti <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>Cairo Communication <span class=\"_ _2\"></span>al 31 dicembre 2022<span class=\"_ _2\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _9d\"> </span><span class=\"ff2a\">31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _2\"></span>22<span class=\"_ _14f\"> </span>3<span class=\"_ _2\"></span>1/<span class=\"_ _1\"></span>12/<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>21<span class=\"_ _24c\"> </span><span class=\"ff23\">V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _1\"></span>ione</span></span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ed al<span class=\"_ _1\"></span>tre <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _5b\"> </span><span class=\"ff29\">35<span class=\"_ _2\"></span>3,<span class=\"_ _1\"></span>1<span class=\"_ _180\"> </span>35<span class=\"_ _1\"></span>3,0<span class=\"_ _254\"> </span>0,<span class=\"_ _2\"></span>1</span>Ri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>anenz<span class=\"_ _16\"></span>e<span class=\"_ _c0\"> </span><span class=\"ff29\">35<span class=\"_ _1\"></span>,5<span class=\"_ _1ad\"> </span>19,<span class=\"_ _2\"></span>6<span class=\"_ _218\"> </span>15,<span class=\"_ _1\"></span>9</span>Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>com<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ed al<span class=\"_ _1\"></span>tre <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrenti<span class=\"_ _11a\"> </span><span class=\"ff29\">(4<span class=\"_ _2\"></span>46<span class=\"_ _1\"></span>,0)<span class=\"_ _b1\"> </span>(43<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>6)<span class=\"_ _1bf\"> </span>(9,4<span class=\"_ _1\"></span>)</span>Cap<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>ir<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>la<span class=\"_ _2\"></span>nte<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tto<span class=\"_ _255\"> </span><span class=\"ff2a\">(57<span class=\"_ _1\"></span>,4)<span class=\"_ _24\"> </span>(64<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _160\"> </span>6,<span class=\"_ _1\"></span>6</span>Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>po<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _173\"> </span><span class=\"ff29\">54<span class=\"_ _1\"></span>,3<span class=\"_ _180\"> </span>1<span class=\"_ _1\"></span>13,<span class=\"_ _2\"></span>0<span class=\"_ _256\"> </span>(58<span class=\"_ _1\"></span>,7)</span>Atti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span>i<span class=\"_ _cd\"> </span><span class=\"ff29\">1,9<span class=\"_ _26\"> </span>0,3<span class=\"_ _56\"> </span>1,6</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrenti<span class=\"_ _c9\"> </span><span class=\"ff29\">(3<span class=\"_ _1\"></span>1,8<span class=\"_ _2\"></span>)<span class=\"_ _ab\"> </span>(3<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>8)<span class=\"_ _254\"> </span>5,0</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ocaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _243\"> </span><span class=\"ff29\">(28,<span class=\"_ _2\"></span>8)<span class=\"_ _24\"> </span>(29<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _160\"> </span>1,1</span>Pos<span class=\"_ _6\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tta<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nte<span class=\"_ _257\"> </span><span class=\"ff2a\">(4,<span class=\"_ _2\"></span>4)<span class=\"_ _1ad\"> </span>46<span class=\"_ _2\"></span>,6<span class=\"_ _167\"> </span>(51,<span class=\"_ _2\"></span>0)</span>Dif<span class=\"_ _16\"></span>f<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nz<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span> tra<span class=\"_ _1\"></span> attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>nti<span class=\"_ _175\"> </span><span class=\"ff2a\">(6<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>8)<span class=\"_ _24\"> </span>(17<span class=\"_ _1\"></span>,4)<span class=\"_ _256\"> </span>(44,<span class=\"_ _1\"></span>4)</span>Al <span class=\"_ _3\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _3\"></span>2022, <span class=\"_ _6\"></span>il <span class=\"_ _3\"></span>differenziale <span class=\"_ _3\"></span>tra <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _3\"></span>correnti <span class=\"_ _3\"></span>presenta <span class=\"_ _3\"></span>un <span class=\"_ _6\"></span>saldo <span class=\"_ _3\"></span>negativo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _14\"></span>61,8 milioni (negativo p<span class=\"_ _2\"></span>er Euro 17,4 milion<span class=\"_ _2\"></span>i al 31 dicemb<span class=\"_ _2\"></span>re 2021<span class=\"ls5\">).</span> La<span class=\"ls0\"> <span class=\"_ _6\"></span>variazione <span class=\"_ _3\"></span>risulta <span class=\"_ _6\"></span>prin<span class=\"_ _1\"></span>cipa<span class=\"_ _2\"></span>lmen<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>attribuib<span class=\"_ _2\"></span>ile <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>decremento <span class=\"_ _6\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Euro<span class=\"_ _2\"></span> <span class=\"_ _6\"></span><span class=\"ls7\">51</span> <span class=\"_ _6\"></span>mi<span class=\"_ _2\"></span>lio<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>posizione <span class=\"_ _3\"></span>finanziaria </span>netta corrente <span class=\"ff24\">(rico<span class=\"_ _2\"></span>nducibile principal<span class=\"_ _2\"></span>mente all\u2019acquis<span class=\"_ _2\"></span>to dell\u2019immobile di via<span class=\"_ _2\"></span> Solferino e alla distribuzion<span class=\"_ _2\"></span>e di </span>dividendi come me<span class=\"_ _2\"></span>glio specif<span class=\"_ _2\"></span>icato nella No<span class=\"_ _2\"></span>ta n.27). A riguardo, <span class=\"ls34\">si</span> ricorda ch<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> <span class=\"ff21 fs2 fc0\">la <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span><span class=\"ff26\">revolving, <span class=\"_ _3\"></span></span>prevista nel <span class=\"_ _3\"></span>contratto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>finanziamento <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>pool <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>RCS, <span class=\"_ _3\"></span><span class=\"ff24\">dell\u2019importo originale di <span class=\"_ _6\"></span>Euro <span class=\"_ _3\"></span></span>125 </span>milioni <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>ridotta <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _3\"></span>60 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>non <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>utilizzata. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span><span class=\"ff26\">revolving <span class=\"_ _6\"></span></span>prevista <span class=\"_ _6\"></span>nel contratto <span class=\"ls7\">di</span> <span class=\"_ _3\"></span>finanziamento di Cairo <span class=\"_ _3\"></span>Communicat<span class=\"_ _2\"></span>ion \u00e8 ut<span class=\"_ _3\"></span>ilizzata per soli Euro <span class=\"_ _3\"></span>5 milioni, dei <span class=\"_ _3\"></span>complessivi Euro 10 milioni.  <span class=\"ff21 fs2 fc0\">nel m<span class=\"_ _2\"></span>ese <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>ottobre <span class=\"_ _1\"></span>2022 RCS <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>st<span class=\"_ _3\"></span>ipulato <span class=\"_ _1\"></span>un nuovo <span class=\"_ _1\"></span>contratto <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>finanziamento <span class=\"_ _1\"></span><span class=\"ff26\">amortizing<span class=\"ff21\"> <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>un impo<span class=\"_ _2\"></span>rto <span class=\"_ _2\"></span>pari<span class=\"_ _2\"></span> </span></span></span>a <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>30 <span class=\"_ _7\"></span>milioni <span class=\"_ _14\"></span>con <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _14\"></span>2027 <span class=\"_ _7\"></span>ed <span class=\"_ _7\"></span>una <span class=\"_ _7\"></span>linea <span class=\"_ _7\"></span>credito <span class=\"_ _7\"></span>revolving <span class=\"_ _14\"></span>dell\u2019importo <span class=\"_ _7\"></span>di <span class=\"_ _7\"> </span>Euro <span class=\"_ _7\"></span>20 milioni  (non ut<span class=\"_ _2\"></span>ilizzato al 31 dicemb<span class=\"_ _2\"></span>re 2022) con scadenza 1<span class=\"_ _2\"></span>2 ottobre 2026.<span class=\"_ _2\"></span> le <span class=\"_ _15\"></span>societ\u00e0 <span class=\"_ _15\"></span>editoriali <span class=\"_ _8\"></span>presentano <span class=\"_ _15\"></span>strutturalm<span class=\"_ _2\"></span>ente <span class=\"_ _15\"> </span>un <span class=\"_ _15\"></span>capitale <span class=\"_ _8\"></span>circolante <span class=\"_ _15\"> </span>netto <span class=\"_ _15\"></span>(attivit\u00e0 <span class=\"_ _8\"></span>correnti <span class=\"_ _12\"> </span>al <span class=\"_ _15\"> </span>netto <span class=\"_ _12\"> </span>delle passivit\u00e0 <span class=\"_ _7\"></span>correnti, <span class=\"_ _8\"></span>escluse <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>passivit\u00e0 <span class=\"_ _7\"></span>finanziarie) <span class=\"_ _8\"></span>negativo <span class=\"_ _7\"></span>in <span class=\"_ _8\"></span>quanto <span class=\"_ _8\"></span>parte <span class=\"_ _8\"></span>dei <span class=\"_ _8\"></span>crediti <span class=\"_ _7\"></span>commerciali (quelli riveniente dai <span class=\"_ _3\"></span>ricavi diffusionali del <span class=\"_ _3\"></span>settore editoriale) <span class=\"_ _3\"></span>si trasforma in <span class=\"_ _3\"></span>cassa in <span class=\"_ _3\"></span>tempi <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _3\"></span>brevi rispetto ai tempi medi d<span class=\"_ _2\"></span>i pagamento<span class=\"_ _2\"></span> dei fornitori; <span class=\"ff24 fs2 fc0\">il Gruppo prevede di mantenere un\u2019ade<span class=\"_ _2\"></span>guata capacit\u00e0 di gene<span class=\"_ _2\"></span>rare risorse finanziari<span class=\"_ _2\"></span>e con la gestione operativa<span class=\"_ _2\"></span> </span>anche nell\u2019attua<span class=\"_ _2\"></span>le contesto <span class=\"_ _2\"></span>di mercato. La<span class=\"ls0\"> <span class=\"_ _3\"></span>seguente <span class=\"_ _3\"></span>tabella <span class=\"_ _3\"></span>riassume <span class=\"ls6\">il</span> <span class=\"_ _6\"></span>profilo temporale <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>del <span class=\"_ _8\"></span>Gruppo <span class=\"_ _14\"></span>Cairo </span>Communication <span class=\"_ _12\"> </span><span class=\"ls4\">al</span> <span class=\"_ _11\"> </span><span class=\"ls7\">31</span> <span class=\"_ _11\"> </span>dicembre <span class=\"_ _11\"> </span>2022 <span class=\"_ _12\"> </span>sulla <span class=\"_ _11\"> </span>base <span class=\"_ _11\"> </span>degli <span class=\"_ _12\"> </span>incassi <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>dei <span class=\"_ _11\"> </span>pagament<span class=\"_ _2\"></span>i <span class=\"_\"> </span>prev<span class=\"_ _2\"></span>isti <span class=\"_\"> </span>con<span class=\"_ _2\"></span>trattualmente (comprensivi di c<span class=\"_ _2\"></span>apitale ed <span class=\"_ _2\"></span>interessi anche se non <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>aturati alla da<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>a di bilancio) no<span class=\"_ _2\"></span>n attualizzati: 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2A v<span class=\"_ _3\"></span>is<span class=\"_ _6\"></span>ta<span class=\"_ _19\"> </span>&lt; <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span> me<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i6<span class=\"_ _3\"></span> m - 11<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _1\"></span>ni<span class=\"_ _212\"> </span>2-5<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>ni<span class=\"_ _169\"> </span>&gt; 5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>nn<span class=\"_ _1\"></span>i<span class=\"_ _210\"> </span>To<span class=\"_ _3\"></span>talea<span class=\"_ _2\"></span>nn<span class=\"_ _1\"></span>oCredi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _258\"> </span><span class=\"fc0\">0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _259\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _25a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _6a\"> </span><span class=\"fc1\">0,<span class=\"_ _1\"></span>6<span class=\"_ _25b\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> verso soci<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>t\u00e0 del<span class=\"_ _16\"></span> G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>poDeri<span class=\"_ _1\"></span>vati<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ertura<span class=\"_ _1b6\"> </span>0<span class=\"_ _1\"></span>,3<span class=\"_ _218\"> </span><span class=\"fc1\">0,<span class=\"_ _16\"></span>2<span class=\"_ _69\"> </span>0<span class=\"_ _1\"></span>,8<span class=\"_ _25c\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3</span>Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>po<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>de<span class=\"_ _30\"> </span>54<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _173\"> </span>5<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>3In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _200\"> </span><span class=\"fc0\">0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _161\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _69\"> </span>0<span class=\"_ _1\"></span>,0<span class=\"_ _25c\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1</span>Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _e3\"> </span>5<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,3<span class=\"_ _65\"> </span><span class=\"fc0\">0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _221\"> </span></span>0<span class=\"_ _3\"></span>,8<span class=\"_ _254\"> </span>1<span class=\"_ _3\"></span>,6<span class=\"_ _86\"> </span>57<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>verso<span class=\"_ _2\"></span> terzi<span class=\"_ _7a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _164\"> </span>14<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _a0\"> </span>17<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _162\"> </span>14<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _158\"> </span><span class=\"fc0\">25<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _182\"> </span><span class=\"fc1\">71<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8</span></span>Deri<span class=\"_ _1\"></span>vati<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>erturaDebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>verso<span class=\"_ _2\"></span> soci<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>poIn<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _25d\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _6a\"> </span>1,<span class=\"_ _1\"></span>0<span class=\"_ _1c4\"> </span>1,<span class=\"_ _1\"></span>5<span class=\"_ _83\"> </span><span class=\"fc0\">1,<span class=\"_ _1\"></span>9<span class=\"_ _113\"> </span><span class=\"fc1\">5,<span class=\"_ _16\"></span>6</span></span>Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _1fe\"> </span><span class=\"fc0\">0<span class=\"_ _3\"></span>,0<span class=\"_ _162\"> </span></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _222\"> </span>1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _218\"> </span>15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _63\"> </span><span class=\"fc0\">2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,6<span class=\"_ _1ad\"> </span></span>7<span class=\"_ _3\"></span>7<span class=\"_ _6\"></span>,5P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ocaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _7b\"> </span>0,<span class=\"_ _16\"></span>2<span class=\"_ _15f\"> </span><span class=\"fc1\">16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _a0\"> </span>12<span class=\"_ _1\"></span>,5<span class=\"_ _15e\"> </span>18<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _218\"> </span>1<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _221\"> </span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _25e\"> </span>1<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>4</span>In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su con<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> 1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _6a\"> </span>1,<span class=\"_ _1\"></span>5<span class=\"_ _1c4\"> </span>2,<span class=\"_ _1\"></span>7<span class=\"_ _83\"> </span>7,<span class=\"_ _1\"></span>7<span class=\"_ _221\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _6b\"> </span>1<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>0l<span class=\"_ _16\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>eTotale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> 0<span class=\"_ _3\"></span>,2<span class=\"_ _162\"> </span><span class=\"fc1\">3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _222\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _110\"> </span>3<span class=\"_ _6\"></span>6,<span class=\"_ _3\"></span>6<span class=\"_ _1c2\"> </span>14<span class=\"_ _6\"></span>2,<span class=\"_ _3\"></span>8<span class=\"_ _118\"> </span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _1f\"> </span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,9</span>co<span class=\"_ _3\"></span>mp<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>e3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1A v<span class=\"_ _3\"></span>is<span class=\"_ _6\"></span>ta<span class=\"_ _19\"> </span>&lt; <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span> me<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i6<span class=\"_ _3\"></span> m - 11<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _1\"></span>ni<span class=\"_ _212\"> </span>2-5<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>ni<span class=\"_ _169\"> </span>&gt; 5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>nn<span class=\"_ _1\"></span>i<span class=\"_ _210\"> </span>To<span class=\"_ _3\"></span>talea<span class=\"_ _2\"></span>nn<span class=\"_ _1\"></span>oCredi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _eb\"> </span><span class=\"fc0\">-<span class=\"_ _89\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _20f\"> </span>-<span class=\"_ _206\"> </span>-<span class=\"_ _110\"> </span></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _228\"> </span>0,<span class=\"_ _16\"></span>2Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _e0\"> </span>0,<span class=\"_ _16\"></span>1<span class=\"_ _89\"> </span>-<span class=\"_ _161\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _20f\"> </span><span class=\"fc0\">-<span class=\"_ _206\"> </span>-<span class=\"_ _65\"> </span>-<span class=\"_ _164\"> </span></span>0,<span class=\"_ _16\"></span>2Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> verso soci<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>t\u00e0 del<span class=\"_ _16\"></span> --<span class=\"_ _83\"> </span>-<span class=\"_ _157\"> </span>-<span class=\"_ _6e\"> </span>-<span class=\"_ _65\"> </span>-<span class=\"_ _7e\"> </span><span class=\"fc1\">-</span>G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>poDeri<span class=\"_ _1\"></span>vati<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ertura<span class=\"_ _25f\"> </span><span class=\"fc0\">-<span class=\"_ _89\"> </span>-<span class=\"_ _161\"> </span>0<span class=\"_ _1\"></span>,1<span class=\"_ _64\"> </span>-<span class=\"_ _164\"> </span>0,<span class=\"_ _16\"></span>2</span>Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>po<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>de<span class=\"_ _da\"> </span>11<span class=\"_ _1\"></span>3,<span class=\"_ _16\"></span>0<span class=\"_ _89\"> </span><span class=\"fc0\">-<span class=\"_ _83\"> </span>-<span class=\"_ _157\"> </span>-<span class=\"_ _206\"> </span>-<span class=\"_ _76\"> </span>-<span class=\"_ _15d\"> </span></span>1<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _260\"> </span><span class=\"fc0\">-<span class=\"_ _89\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _20f\"> </span>-<span class=\"_ _206\"> </span>-<span class=\"_ _65\"> </span>-<span class=\"_ _7e\"> </span>-</span>Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _10a\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,1<span class=\"_ _206\"> </span>-<span class=\"_ _6b\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _261\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1f\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>verso<span class=\"_ _2\"></span> terzi<span class=\"_ _e0\"> </span>-<span class=\"_ _15f\"> </span>24<span class=\"_ _1\"></span>,2<span class=\"_ _54\"> </span>12<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _162\"> </span>3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _79\"> </span>-<span class=\"_ _76\"> </span><span class=\"fc0\">-<span class=\"_ _6b\"> </span></span>76<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0Deri<span class=\"_ _1\"></span>vati<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ertura<span class=\"_ _25f\"> </span><span class=\"fc0\">-<span class=\"_ _83\"> </span></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _6a\"> </span>0,<span class=\"_ _16\"></span>2<span class=\"_ _157\"> </span>-<span class=\"_ _6e\"> </span>-<span class=\"_ _65\"> </span><span class=\"fc0\">-<span class=\"_ _228\"> </span></span>0,<span class=\"_ _1\"></span>4Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>verso<span class=\"_ _2\"></span> soci<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> --<span class=\"_ _83\"> </span>-<span class=\"_ _157\"> </span>-<span class=\"_ _6e\"> </span>-<span class=\"_ _65\"> </span>-<span class=\"_ _7e\"> </span><span class=\"fc1\">-</span>G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>poIn<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _e8\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span></span>0,<span class=\"_ _16\"></span>2<span class=\"_ _161\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _69\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _79\"> </span>-<span class=\"_ _76\"> </span><span class=\"fc0\">-<span class=\"_ _164\"> </span></span>0<span class=\"_ _1\"></span>,7Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _eb\"> </span>-<span class=\"_ _15e\"> </span>24<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _222\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _6\"></span>,6<span class=\"_ _110\"> </span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _6e\"> </span>-<span class=\"_ _76\"> </span><span class=\"fc0\">-<span class=\"_ _d5\"> </span></span>77<span class=\"_ _3\"></span>,1P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ocaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _6e\"> </span><span class=\"fc0\">-<span class=\"_ _158\"> </span></span>1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _a0\"> </span>13<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _162\"> </span>2<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>1<span class=\"_ _158\"> </span>56<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _15d\"> </span>7<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>4<span class=\"_ _222\"> </span>18<span class=\"_ _1\"></span>4,<span class=\"_ _16\"></span>8In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su con<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> -<span class=\"_ _83\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _6a\"> </span>1,<span class=\"_ _16\"></span>5<span class=\"_ _69\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _83\"> </span>5,<span class=\"_ _1\"></span>9<span class=\"_ _221\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _6b\"> </span>1<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>3</span>l<span class=\"_ _16\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>eTotale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> -<span class=\"_ _15e\"> </span>4<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,8<span class=\"_ _25e\"> </span>2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,4<span class=\"_ _218\"> </span>67<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _63\"> </span>6<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,3<span class=\"_ _10c\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _1f\"> </span>2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,3co<span class=\"_ _3\"></span>mp<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>eI <span class=\"_\"> </span>valori <span class=\"_\"> </span>e<span class=\"_ _2\"></span>spressi <span class=\"_\"> </span>ne<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>la <span class=\"_\"> </span>tabella <span class=\"_ _11\"> </span>sopra <span class=\"_\"> </span>esposta <span class=\"_ _11\"> </span>a <span class=\"_\"> </span>differenza <span class=\"_\"> </span>dei <span class=\"_ _11\"> </span>valori <span class=\"_\"> </span>dell\u2019inde<span class=\"_ _2\"></span>bitamento<span class=\"_ _3\"></span> <span class=\"_\"> </span>finanziar<span class=\"_ _2\"></span>io <span class=\"_ _15\"> </span>netto complessivo incl<span class=\"_ _2\"></span>udono i credi<span class=\"_ _2\"></span>ti finanziari non <span class=\"_ _2\"></span>correnti per <span class=\"_ _2\"></span>Euro 0,8 milioni <span class=\"_ _3\"></span>(Euro <span class=\"_ _6\"></span>0,2 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre 2021<span class=\"ls5\">).</span> Ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di ta<span class=\"_ _1\"></span>sso<span class=\"_ _1\"></span> Il <span class=\"_ _8\"> </span>risc<span class=\"_ _3\"></span>hio <span class=\"_ _8\"> </span>di <span class=\"_ _15\"> </span>tasso <span class=\"_ _8\"> </span>d\u2019interesse <span class=\"_ _15\"> </span>consiste <span class=\"_ _8\"> </span>in <span class=\"_ _15\"> </span>possibili <span class=\"_ _8\"> </span>ed <span class=\"_ _15\"> </span>eventuali <span class=\"_ _8\"> </span>maggiori<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>oneri <span class=\"_ _8\"></span>finanziari <span class=\"_ _15\"> </span>derivanti <span class=\"_ _6\"></span>da <span class=\"_ _14\"></span>una sfavorevole <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>inattesa <span class=\"_ _1\"></span>variazione <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>tassi d<span class=\"_ _2\"></span>\u2019interesse. <span class=\"_ _16\"></span>Al<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>Gruppo \u00e8 <span class=\"_ _3\"></span>esposto a <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span>rischio per le proprie pass<span class=\"_ _2\"></span>ivit\u00e0 finanzia<span class=\"_ _2\"></span>rie a tasso vari<span class=\"_ _2\"></span>abile. Con <span class=\"_ _2\"></span>riferimento <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> Gruppo <span class=\"_ _1\"></span><span class=\"ls31\">RCS<span class=\"ls0\"> che<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> 31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2022 p<span class=\"_ _2\"></span>resenta <span class=\"_ _2\"></span>una <span class=\"_ _1\"></span>posizione <span class=\"_ _1\"></span>finanziaria netta negativa per </span></span></span></span></span></span>Euro 31,6 milion<span class=\"_ _2\"></span>i: <span class=\"ff24 fs2 fc0\">la <span class=\"_ _6\"></span>gestione del <span class=\"_ _3\"></span>rischio <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>tasso <span class=\"_ _6\"></span>d\u2019interess<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>regolata <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>specifiche <span class=\"_ _3\"></span>policy <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>definiscono <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>obiettivi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>risk </span>management, i <span class=\"_ _3\"></span>limiti, <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>ruoli e <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>responsabilit\u00e0 delle <span class=\"_ _3\"></span>diverse <span class=\"_ _6\"></span><span class=\"ff24\">funzioni coinvolte <span class=\"_ _3\"></span>all\u2019interno del <span class=\"_ _3\"></span>processo. Non </span>\u00e8 ammesso l\u2019ut<span class=\"_ _2\"></span>ilizzo di stru<span class=\"_ _2\"></span>menti derivati <span class=\"_ _2\"></span>con finalit\u00e0 s<span class=\"_ _2\"></span>peculative;<span class=\"ff21\"> </span><span class=\"ff21 fs2 fc0 ls4\">al<span class=\"ls0\"> <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _6\"></span><span class=\"ls6\">la</span> <span class=\"_ _3\"></span>quota <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>debiti <span class=\"_ _6\"></span>contrattual<span class=\"_ _2\"></span>mente <span class=\"_ _6\"></span>coperti <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>fisso <span class=\"_ _6\"></span>ante <span class=\"_ _3\"></span>IFRS <span class=\"_ _8\"></span>o <span class=\"_ _8\"></span>trasformata </span></span>tramite <span class=\"_ _6\"></span><span class=\"ff26\">interest <span class=\"_ _3\"></span>rate <span class=\"_ _14\"></span>swap <span class=\"_ _6\"></span></span>(IRS), <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>circa <span class=\"_ _3\"></span>il <span class=\"_ _14\"></span>35% <span class=\"_ _6\"></span>(al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2021 <span class=\"_ _2\"></span>era di <span class=\"_ _6\"></span>poco <span class=\"_ _3\"></span>superiore <span class=\"_ _6\"></span><span class=\"ls4\">al</span> 100<span class=\"ls5\">%).<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span>L\u2019obiettivo<span class=\"ff21\"> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>copertura <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _1\"></span>stato pe<span class=\"_ _2\"></span>rseguito <span class=\"_ _1\"></span>mediante <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>contrat<span class=\"_ _2\"></span>ti de<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ivati <span class=\"_ _3\"></span>sopra <span class=\"_ _3\"></span>individuati stipulati <span class=\"_ _3\"></span>con <span class=\"_ _6\"></span>primarie </span>istituzioni finanziarie ad <span class=\"_ _3\"></span>elevato rating. <span class=\"_ _3\"></span>In merito <span class=\"_ _3\"></span>si ram<span class=\"_ _3\"></span>menta che, nel caso degli IRS <span class=\"ls34\">si</span> ha<span class=\"_ _3\"></span> <span class=\"ls6\">la</span> trasformazione del <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span>variabile <span class=\"_ _16\"></span><span class=\"ls17\">in<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span>fisso <span class=\"_ _1\"></span>(o <span class=\"_ _2\"></span>viceve<span class=\"_ _2\"></span>rsa) <span class=\"_ _1\"></span>tramite <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>scambio <span class=\"_ _2\"></span>periodico,<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>la <span class=\"_ _1\"></span>controparte <span class=\"_ _1\"></span>finanziaria, <span class=\"_ _1\"></span>della </span></span>differenza <span class=\"_ _14\"></span>fra <span class=\"_ _14\"></span>gli <span class=\"_ _14\"></span>interessi <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>t<span class=\"_ _3\"></span>asso <span class=\"_ _14\"></span>fisso <span class=\"_ _14\"></span>(tasso <span class=\"_ _14\"></span>Swap) <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _14\"></span>interessi <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>tasso <span class=\"_ _8\"></span>variabile, <span class=\"_ _14\"></span>entrambi <span class=\"_ _14\"></span>calcolati <span class=\"_ _14\"></span>sul valore <span class=\"_ _7\"></span>nozionale <span class=\"_ _7\"></span>contrattuale. <span class=\"_ _7\"></span><span class=\"ls28\">Si</span> <span class=\"_ _8\"></span>segnala <span class=\"_ _7\"></span>che <span class=\"_ _8\"></span>nel <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span>per <span class=\"_ _8\"></span><span class=\"ls31\">RCS</span> <span class=\"_ _7\"></span>non <span class=\"_ _8\"></span>sono <span class=\"_ _7\"></span>st<span class=\"_ _3\"></span>ati <span class=\"_ _8\"></span>stipulati <span class=\"_ _7\"></span>nuovi <span class=\"_ _11\"> </span>contratti <span class=\"_ _12\"> </span>di copertura tassi. Con riferimento a <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Communicat<span class=\"_ _2\"></span>ion e <span class=\"_ _3\"></span>alle societ\u00e0 da <span class=\"_ _3\"></span>questa <span class=\"_ _3\"></span>controllate diverse da quelle <span class=\"_ _7\"></span>appartenenti <span class=\"_ _14\"></span><span class=\"ls3\">al</span> Gruppo RCS, <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>presentano una <span class=\"_ _3\"></span>posizione finanziaria <span class=\"_ _3\"></span>netta <span class=\"_ _3\"></span>positiva per <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>16,4 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>quota <span class=\"_ _3\"></span>parte dei debiti con<span class=\"_ _2\"></span>trattualmente coperta <span class=\"_ _2\"></span>con Interest Ra<span class=\"_ _2\"></span>te Cap \u00e8 pari al <span class=\"_ _2\"></span>100%. Nel <span class=\"_\"> </span>caso <span class=\"_\"> </span>degli <span class=\"_\"> </span>Interest <span class=\"_\"> </span>Rate <span class=\"_\"> </span>Cap, <span class=\"_\"> </span>nel <span class=\"_\"> </span>solo <span class=\"_\"> </span>caso <span class=\"_\"> </span>di <span class=\"_\"> </span>rialzo <span class=\"_\"> </span>dei <span class=\"_\"> </span>tassi <span class=\"_\"> </span>di <span class=\"_\"> </span>interesse <span class=\"_\"> </span>sopra <span class=\"_\"> </span>il <span class=\"_\"> </span>tasso <span class=\"_ _10\"> </span>def<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tratt<span class=\"_ _2\"></span>ual<span class=\"_ _1\"></span>mente<span class=\"_ _2\"></span>, <span class=\"ls17\">la</span> <span class=\"_ _6\"></span>con<span class=\"_ _1\"></span>trop<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>fina<span class=\"_ _1\"></span>nzia<span class=\"_ _2\"></span>ria<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>liqu<span class=\"_ _1\"></span>ida, a <span class=\"_ _6\"></span>fa<span class=\"_ _1\"></span>vore <span class=\"_ _3\"></span>del<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>soci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gru<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>po <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>sottoscritto <span class=\"_ _6\"></span>il derivato, la d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>fferenza <span class=\"_ _2\"></span>tra il <span class=\"_ _2\"></span>tasso con<span class=\"_ _2\"></span>trattuale e <span class=\"_ _2\"></span>il tasso variabile <span class=\"_ _4\"> </span><span class=\"ff24\">di merca<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o, in <span class=\"_ _2\"></span>modo tale <span class=\"_ _2\"></span>da ripor<span class=\"_ _2\"></span>tare l\u2019onere<span class=\"_ _2\"></span> </span>finanziario di co<span class=\"_ _2\"></span>mpetenza delle so<span class=\"_ _2\"></span>ciet\u00e0 del Gruppo <span class=\"_ _2\"></span>al livello del t<span class=\"_ _2\"></span>asso contrattua<span class=\"_ _2\"></span>le. Se<span class=\"_ _2\"></span>nsi<span class=\"_ _1\"></span>tivity<span class=\"_ _1\"></span> anal<span class=\"_ _2\"></span>ys<span class=\"_ _2\"></span>is Nella <span class=\"_ _6\"></span>tabella <span class=\"_ _14\"></span>seguente <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>esposti <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>risultati <span class=\"_ _14\"></span>dell<span class=\"ls4\">a <span class=\"_ _14\"></span></span><span class=\"ff26\">sensitivity <span class=\"_ _6\"></span>analysis <span class=\"_ _14\"></span><span class=\"ff24\">sul <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>tasso <span class=\"_ _6\"></span>con <span class=\"_ _14\"></span>l\u2019indicazione<span class=\"_ _1\"></span> </span></span>degli <span class=\"_ _15\"> </span>impatti <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>conto <span class=\"_ _15\"> </span>economico <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>patrimonio <span class=\"_ _8\"> </span>netto, <span class=\"_ _15\"> </span>cos\u00ec <span class=\"_ _15\"> </span>come <span class=\"_ _15\"> </span>richiesto <span class=\"_ _15\"> </span>dall\u2019IFRS<span class=\"ff21\"> <span class=\"_ _14\"></span>7. <span class=\"_ _7\"></span>Tale <span class=\"_ _14\"></span>analisi <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _14\"></span>stata </span>condotta <span class=\"_ _16\"></span>assumendo <span class=\"_ _1\"></span>una <span class=\"_ _16\"></span>variazione <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>+/-<span class=\"ls7\">1%<span class=\"_ _3\"></span></span> <span class=\"_ _16\"></span>nelle <span class=\"_ _1\"></span>curve <span class=\"_ _16\"></span>dei<span class=\"_ _3\"></span> tassi di ri<span class=\"_ _2\"></span>ferimento pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> singola divisa. Ana<span class=\"_ _1\"></span>lis<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>ns<span class=\"_ _3\"></span>ibil<span class=\"_ _1\"></span>it\u00e0 s<span class=\"_ _6\"></span>ul<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>hio di ta<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span> s<span class=\"_ _14\"></span>u<span class=\"_ _2\"></span> Sotto<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>tan<span class=\"_ _1\"></span>teIncr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto Im<span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>tti aIm<span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>tti a<span class=\"_ _1\"></span> pos<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span> a ta<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>o<span class=\"_ _3\"></span> v<span class=\"_ _3\"></span>ar<span class=\"_ _16\"></span>iab<span class=\"_ _1\"></span>ilem<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>o(r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ione<span class=\"_ _6\"></span> de<span class=\"_ _6\"></span>lco<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>nomi<span class=\"_ _2\"></span>copa<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>iota<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto2022<span class=\"_ _19e\"> </span><span class=\"ls0\">(13<span class=\"_ _1\"></span>,9)<span class=\"_ _214\"> </span><span class=\"ls79\">1%<span class=\"_ _17a\"> </span></span>-<span class=\"_ _18c\"> </span>0,3</span>2021<span class=\"_ _262\"> </span><span class=\"ls0\">24<span class=\"_ _1\"></span>,2<span class=\"_ _a7\"> </span><span class=\"ls79\">1%<span class=\"_ _24\"> </span></span>(0<span class=\"_ _1\"></span>,4)<span class=\"_ _189\"> </span>1<span class=\"_ _1\"></span>,1</span>2022<span class=\"_ _19e\"> </span><span class=\"ls0\">(13<span class=\"_ _1\"></span>,9)<span class=\"_ _db\"> </span>-1%<span class=\"_ _e1\"> </span>(0<span class=\"_ _2\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _10a\"> </span>(0<span class=\"_ _1\"></span>,3)</span>2021<span class=\"_ _262\"> </span><span class=\"ls0\">24<span class=\"_ _1\"></span>,2<span class=\"_ _214\"> </span>-1%<span class=\"_ _176\"> </span>0<span class=\"_ _2\"></span>,2<span class=\"_ _1fe\"> </span>(0,<span class=\"_ _1\"></span>8)</span>Al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _3\"></span><span class=\"ff24\">il <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>detiene strumenti <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>debitori a <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>asso variabile. <span class=\"_ _3\"></span>Si <span class=\"_ _3\"></span>segnala <span class=\"_ _3\"></span>l\u2019utilizzo di </span>derivati <span class=\"_ _16\"></span>su t<span class=\"_ _2\"></span>assi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>interesse <span class=\"_ _16\"></span>che <span class=\"_ _2\"></span>consentono<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>trasformazione <span class=\"_ _16\"></span>delle <span class=\"_ _1\"></span>posizioni <span class=\"_ _1\"></span>debitorie <span class=\"_ _16\"></span>a <span class=\"_ _1\"></span>tas<span class=\"_ _3\"></span>so <span class=\"_ _1\"></span>variabile <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>tasso fisso. <span class=\"_ _6\"></span>Gli <span class=\"_ _3\"></span>strumenti <span class=\"_ _6\"></span>finanziari <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>variabile <span class=\"_ _6\"></span>compr<span class=\"_ _2\"></span>esi <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span><span class=\"ff26\">sensitivi<span class=\"_ _2\"></span>ty <span class=\"_ _6\"></span>analysis <span class=\"_ _3\"></span><span class=\"ff21\">riguardano <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>disponib<span class=\"_ _2\"></span>ilit\u00e0 </span></span>liquide, <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _1\"></span>e i <span class=\"_ _1\"></span>debiti fi<span class=\"_ _2\"></span>nanziari <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>breve, <span class=\"_ _16\"></span>medio <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>lungo <span class=\"_ _1\"></span>termine <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>derivati <span class=\"_ _16\"></span><span class=\"ls34\">su<span class=\"ls0\"> <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>portafoglio. <span class=\"_ _1\"></span><span class=\"ff24\">L\u2019analisi<span class=\"ff21\"> </span></span></span></span></span></span>\u00e8 st<span class=\"_ _2\"></span>ata condotta co<span class=\"_ _2\"></span>nsiderando: la <span class=\"_ _11\"> </span>variazione <span class=\"_ _12\"> </span>negli <span class=\"_ _12\"> </span>interessi <span class=\"_ _12\"> </span>attivi <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>passivi <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>corso <span class=\"_ _11\"> </span>dell\u2019eserciz<span class=\"_ _2\"></span>io <span class=\"_ _12\"> </span>attribuibile <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>possibili <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>r<span class=\"_ _3\"></span>agionevoli variazioni nei tass<span class=\"_ _2\"></span>i di interesse d<span class=\"_ _2\"></span>i attivit\u00e0 e pa<span class=\"_ _2\"></span>ssivit\u00e0 a tasso v<span class=\"_ _2\"></span>ariabile detenu<span class=\"_ _2\"></span>te nel corso de<span class=\"_ _2\"></span>ll\u2019esercizio;<span class=\"ff21\"> </span><span class=\"ff24 fc0\">l\u2019impatto contrario <span class=\"_ _2\"></span>in termini di varia<span class=\"_ _2\"></span>zione di <span class=\"ff26\">fair value <span class=\"ff21\">dei der<span class=\"_ _2\"></span>ivati su tasso ril<span class=\"_ _2\"></span>evato a patrimon<span class=\"_ _2\"></span>io netto per la<span class=\"_ _1\"></span> </span></span></span>componente <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>copertura <span class=\"_ _15\"> </span>oltre <span class=\"_ _15\"> </span>l\u2019esercizio <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>competenza <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>a <span class=\"_ _12\"> </span>conto <span class=\"_ _15\"> </span>economico<span class=\"ff21\"> <span class=\"_ _4\"> </span></span>nell\u2019ipotes<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"_ _f\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _f\"> </span>variazione </span>istantanea <span class=\"_ _14\"></span>della <span class=\"_ _6\"></span>curva <span class=\"_ _14\"></span>dei <span class=\"_ _14\"></span>tassi <span class=\"_ _14\"></span><span class=\"ls7\">di</span> <span class=\"_ _14\"></span>interesse <span class=\"_ _14\"></span>alla <span class=\"_ _14\"></span>data d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> bilancio. Al <span class=\"_ _2\"></span>31 dicemb<span class=\"_ _2\"></span>re 2022 i contratti di <span class=\"_ _2\"></span>copertura Interest <span class=\"_ _3\"></span>Rate Swap <span class=\"_ _3\"></span><span class=\"ff21\">hanno <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>nozionale pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro <span class=\"_ _6\"></span>20 milioni <span class=\"_ _3\"></span>(Euro 60 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>2021) <span class=\"_ _6\"></span>mentre<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span><span class=\"ff26\">Interest </span></span>Rate Cap <span class=\"ff21\">hanno un noz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>onale di Euro<span class=\"_ _2\"></span> 20 milioni <span class=\"_ _2\"></span>(Euro 20 milion<span class=\"_ _2\"></span>i nel 2021<span class=\"ls5\">).</span> </span>Il<span class=\"ls0\"> risultato <span class=\"ls7\">di</span> t<span class=\"_ _3\"></span>ale analisi e<span class=\"_ _2\"></span>vid<span class=\"_ _2\"></span>enz<span class=\"_ _1\"></span>ia: </span>l\u2019incremento <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>livello <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>tassi <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>interesse di <span class=\"_ _6\"></span>un <span class=\"_ _3\"></span>punto <span class=\"_ _3\"></span>percentuale <span class=\"_ _3\"></span>(+1%) <span class=\"_ _3\"></span>avrebbe <span class=\"_ _6\"></span>un <span class=\"_ _3\"></span>impatto<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>negativo sul conto economico di per<span class=\"_ _2\"></span>iodo per effetto <span class=\"ls7\">di</span> maggiori oneri finanziari per Euro <span class=\"_ _2\"></span>0,1 <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _1\"></span>(Euro 0,4 <span class=\"_ _1\"></span>milioni pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> l\u2019esercizio<span class=\"ff21\"> <span class=\"_ _0\"></span>2021) <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>un <span class=\"_ _16\"></span>impatto <span class=\"_ _16\"></span>positivo <span class=\"_ _0\"></span>sul <span class=\"_ _16\"></span>patrimonio <span class=\"_ _1\"></span>netto <span class=\"_ _1\"></span>di Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>0,3 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>(Euro <span class=\"_ _1\"></span>1,1 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019esercizio<span class=\"ff21\"> </span></span></span>2021) per eff<span class=\"_ _2\"></span>etto della va<span class=\"_ _2\"></span>riazione del <span class=\"ff26\">fair valu<span class=\"_ _2\"></span>e <span class=\"ff21\">dei derivati su <span class=\"_ _2\"></span>tasso rilevata a pa<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>rimonio netto<span class=\"_ _2\"></span>; </span></span><span class=\"ff21 fc0 ls6\">il<span class=\"ls0\"> <span class=\"_ _7\"></span>decremento <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>livello <span class=\"_ _14\"></span>dei <span class=\"_ _7\"></span>tassi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>interesse <span class=\"_ _14\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span><span class=\"ls7\">un</span> <span class=\"_ _7\"></span>punto <span class=\"_ _7\"></span>percentuale <span class=\"_ _14\"></span>(1%), <span class=\"_ _7\"></span>tenendo <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>previsioni </span></span>contrattuali <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _14\"></span>relazione <span class=\"_ _6\"></span>all\u2019applicabilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>tassi <span class=\"_ _14\"></span>negativi, <span class=\"_ _6\"></span>avrebbe <span class=\"_ _14\"></span>un <span class=\"_ _14\"></span>potenziale<span class=\"_ _3\"></span><span class=\"ff21\"> impatto <span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>g<span class=\"_ _1\"></span>a<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span><span class=\"ls55\">vo <span class=\"_ _14\"></span><span class=\"ls0\">di <span class=\"_ _3\"></span>E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> 0,2<span class=\"_ _3\"></span> </span></span></span>milioni <span class=\"_ _7\"></span>sul <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>peri<span class=\"_ _3\"></span>odo <span class=\"_ _14\"></span>(positivo <span class=\"_ _11\"> </span>per <span class=\"_ _12\"> </span>Euro <span class=\"_ _12\"> </span>0,2 <span class=\"_ _12\"> </span>milioni <span class=\"_ _12\"> </span>nel<span class=\"ff24\">l\u2019esercizio <span class=\"_ _15\"> </span>202<span class=\"_ _3\"></span></span>1) <span class=\"_ _15\"> </span>e <span class=\"_ _11\"> </span>un <span class=\"_ _12\"> </span>impatto negativo <span class=\"_ _7\"></span>sul <span class=\"_ _7\"></span>patrimonio <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>0,<span class=\"_ _3\"></span>3 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>(Euro <span class=\"_ _8\"></span>0,8 <span class=\"_ _7\"></span><span class=\"ff24\">milioni <span class=\"_ _7\"> </span>per <span class=\"_ _7\"> </span>l\u2019esercizio <span class=\"_ _7\"></span>202</span>1) <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>della variazione di fair va<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>ue dei derivati su t<span class=\"_ _2\"></span>asso rilevata a p<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>rimonio netto. Ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di cam<span class=\"_ _2\"></span>bio<span class=\"_ _2\"></span> Il<span class=\"ls0\"> ris<span class=\"_ _2\"></span>chio <span class=\"_ _1\"></span>di camb<span class=\"_ _2\"></span>io <span class=\"_ _2\"></span>pu\u00f2 <span class=\"_ _1\"></span>essere <span class=\"_ _1\"></span>definito <span class=\"_ _2\"></span>come <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019insieme<span class=\"ff21\"> <span class=\"_ _1\"></span>degli <span class=\"_ _2\"></span>effetti <span class=\"_ _1\"></span>negativi <span class=\"_ _1\"></span>indotti <span class=\"_ _2\"></span>sui <span class=\"_ _2\"></span>valori i<span class=\"_ _2\"></span>scr<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>bila<span class=\"_ _1\"></span>ncio<span class=\"_ _2\"></span> </span></span></span></span></span>di<span class=\"ls0\"> <span class=\"_ _0\"></span>attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>pas<span class=\"_ _2\"></span>siv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _0\"></span><span class=\"ls7\">da<span class=\"ls0\"> <span class=\"_ _0\"></span>var<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>zioni<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>nei<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>tas<span class=\"_ _2\"></span>si<span class=\"_ _1\"></span> <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _0\"></span>camb<span class=\"_ _2\"></span>io.<span class=\"_ _1\"></span> <span class=\"_ _16\"></span><span class=\"ls4f\">Il<span class=\"ls0\"> <span class=\"_ _0\"></span>Grupp<span class=\"_ _1\"></span>o, <span class=\"_ _0\"></span><span class=\"ls7\">pur<span class=\"ls0\"> <span class=\"_ _0\"></span>avend<span class=\"_ _1\"></span>o <span class=\"_ _16\"></span>una <span class=\"_ _16\"></span>presenza <span class=\"_ _16\"></span>a <span class=\"_ _1\"></span>livello <span class=\"_ _16\"></span>internazionale, </span></span></span></span></span></span></span></span></span>non <span class=\"_ _15\"> </span>evidenzia <span class=\"_ _8\"></span>una <span class=\"_ _15\"></span>rilevante <span class=\"_ _8\"></span>esposizione <span class=\"_ _8\"></span>al <span class=\"_ _15\"> </span>rischio <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>cambio <span class=\"_ _7\"></span><span class=\"ls6\">in</span> <span class=\"_ _14\"></span>quanto <span class=\"_ _14\"></span><span class=\"ff24\">l\u2019euro</span> <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _7\"></span><span class=\"ls6\">la</span> <span class=\"_ _14\"></span>valuta <span class=\"_ _14\"></span>funzionale <span class=\"_ _14\"></span>delle principali <span class=\"_ _1\"></span>aree <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>business <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Gruppo. L\u2019esposizione <span class=\"_ _1\"></span>al <span class=\"_ _2\"></span>rischio <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>camb<span class=\"ff21\">io \u00e8 <span class=\"_ _1\"></span>limitata a<span class=\"_ _2\"></span>d a<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>cune <span class=\"_ _1\"></span>posizioni c<span class=\"_ _2\"></span>ommerciali <span class=\"_ _1\"></span>e fin<span class=\"_ _2\"></span>anziarie <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>ammontare <span class=\"_ _2\"></span>poco </span>significativo ricon<span class=\"_ _2\"></span>ducibili a<span class=\"_ _2\"></span> RCS MediaGroup, R<span class=\"_ _2\"></span>CS Sports and Even<span class=\"_ _2\"></span>ts <span class=\"_ _12\"> </span>e La7. La <span class=\"_\"> </span>gestione <span class=\"_ _11\"> </span>del <span class=\"_\"> </span>rischio<span class=\"_ _2\"></span> <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>cambio <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>reg<span class=\"_ _2\"></span>olata <span class=\"_\"> </span>da <span class=\"_ _11\"> </span>specifiche <span class=\"_\"> </span>p<span class=\"_ _1\"></span>olicy <span class=\"_\"> </span>che <span class=\"_\"> </span>def<span class=\"_ _2\"></span>iniscono <span class=\"_ _11\"> </span>gli <span class=\"_\"> </span>obiettivi <span class=\"_\"> </span>di <span class=\"_ _f\"> </span><span class=\"ff26\">risk </span>management<span class=\"ff21\">, <span class=\"_ _2\"></span>i limiti, i <span class=\"_ _1\"></span>ruoli e le <span class=\"ff24\">r<span class=\"_ _2\"></span>esponsabilit\u00e0 <span class=\"_ _2\"></span>all\u2019interno <span class=\"_ _1\"></span>del<span class=\"_ _3\"></span> processo. <span class=\"_ _1\"></span>Non \u00e8 ammesso<span class=\"ff21\"> <span class=\"_ _0\"></span><span class=\"ff24\">l<span class=\"_ _3\"></span>\u2019utilizzo<span class=\"ff21\"> <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>strument<span class=\"_ _2\"></span>i </span></span></span></span></span>derivati <span class=\"_ _16\"></span>per <span class=\"_ _16\"></span>finalit\u00e0 <span class=\"_ _16\"></span>speculative, <span class=\"_ _16\"></span>ovvero <span class=\"_ _1\"></span>non <span class=\"_ _16\"></span>volti <span class=\"_ _16\"></span>a <span class=\"_ _1\"></span>perseguire il prede<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>to obiettivo. Ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di cre<span class=\"_ _1\"></span>dito Il <span class=\"_\"> </span>rischio <span class=\"_ _11\"> </span>di<span class=\"_ _3\"></span> <span class=\"_\"> </span>credito <span class=\"_ _11\"> </span>pu\u00f2 <span class=\"_\"> </span>essere <span class=\"_\"> </span>definito<span class=\"_ _2\"></span> <span class=\"_\"> </span>come <span class=\"_\"> </span>la <span class=\"_\"> </span>p<span class=\"_ _1\"></span>oss<span class=\"_ _3\"></span>ibilit\u00e0 <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>incorrere <span class=\"_\"> </span>in <span class=\"_\"> </span>una <span class=\"_\"> </span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rdita <span class=\"_\"> </span>finanziaria<span class=\"_ _2\"></span> <span class=\"_\"> </span>per inadempienza <span class=\"_ _2\"></span>in capo alla c<span class=\"_ _2\"></span>ontroparte dell\u2019obbl<span class=\"_ _2\"></span>igazion<span class=\"_ _2\"></span>e contrattuale.<span class=\"ff21\"> </span>Le <span class=\"_ _15\"> </span>seguenti <span class=\"_ _8\"></span>t<span class=\"_ _3\"></span>abelle <span class=\"_ _8\"></span>mostrano <span class=\"_ _15\"> </span><span class=\"ls6\">la</span> <span class=\"_ _15\"></span>massima <span class=\"_ _8\"></span>esposizione <span class=\"_ _8\"></span>del <span class=\"_ _15\"> </span>Gruppo <span class=\"_ _15\"> </span><span class=\"ls3\">al</span> <span class=\"_ _15\"> </span>ri<span class=\"_ _3\"></span>schio <span class=\"_ _8\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _15\"> </span>credito <span class=\"_ _15\"> </span>per <span class=\"_ _15\"></span>le <span class=\"_ _15\"> </span>componenti patrimoniali: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>one31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>2231<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>21V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _1\"></span>ioneCredi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _16\"></span>merci<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>(1)26<span class=\"_ _1\"></span>6,929<span class=\"_ _1\"></span>1,7(24<span class=\"_ _1\"></span>,8)Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _1\"></span>ti0,<span class=\"_ _1\"></span>80,<span class=\"_ _1\"></span>20,<span class=\"_ _1\"></span>6Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>orr<span class=\"_ _2\"></span>enti1,<span class=\"_ _1\"></span>00,<span class=\"_ _1\"></span>20,<span class=\"_ _1\"></span>8Al<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span>i4,<span class=\"_ _1\"></span>34,<span class=\"_ _1\"></span>7(0,<span class=\"_ _1\"></span>4)Al<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>corren<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> (2)77<span class=\"_ _1\"></span>,253<span class=\"_ _1\"></span>,224<span class=\"_ _1\"></span>,0Totale<span class=\"_ _6\"></span> cre<span class=\"_ _6\"></span>d<span class=\"_ _2\"></span>iti e<span class=\"_ _6\"></span>d a<span class=\"_ _1\"></span>ltr<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> attivit\u00e035<span class=\"_ _1\"></span>0,235<span class=\"_ _1\"></span>0,00,<span class=\"_ _1\"></span>2Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>de54<span class=\"_ _1\"></span>,311<span class=\"_ _1\"></span>3,0(58<span class=\"_ _1\"></span>,7)Totale40<span class=\"_ _1\"></span>4,546<span class=\"_ _1\"></span>3,0(58<span class=\"_ _1\"></span>,5)(1) I crediti com<span class=\"_ _2\"></span>merciali incl<span class=\"_ _2\"></span>udono anche i<span class=\"_ _2\"></span> crediti verso c<span class=\"_ _2\"></span>ontrollanti, collegate e co<span class=\"_ _2\"></span>nsociate per<span class=\"_ _2\"></span> Euro 2,6 milioni (Euro<span class=\"_ _2\"></span> 2,9 milioni nel<span class=\"_ _2\"></span> <span class=\"_\"> </span>202<span class=\"_ _1\"></span>1). (2) Le altre a<span class=\"_ _2\"></span>ttivit\u00e0 correnti <span class=\"_ _2\"></span>non includon<span class=\"_ _2\"></span>o ratei e riscont<span class=\"_ _2\"></span>i attivi pari ad <span class=\"_ _2\"></span>Euro 9 milioni al 31 dicembr<span class=\"_ _2\"></span>e 2022 (Euro 8,1 milioni a<span class=\"_ _2\"></span>l 31 <span class=\"_\"> </span>dicembre <span class=\"_ _1\"></span>2<span class=\"_ _3\"></span>021<span class=\"ls7a\">).</span> De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>liCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>it\u00e0Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>it\u00e0 Dis<span class=\"_ _6\"></span>poni<span class=\"_ _1\"></span>bili<span class=\"_ _2\"></span>t\u00e0Totale(1)f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>if<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i non co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>tico<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiliq<span class=\"_ _1\"></span>uid<span class=\"_ _1\"></span>enon co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>tico<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiEs<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>ciz<span class=\"_ _2\"></span>io 2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ore<span class=\"_ _6\"></span> lord<span class=\"_ _1\"></span>o<span class=\"_ _2e\"> </span><span class=\"ff2a\">30<span class=\"_ _1\"></span>4,8<span class=\"_ _1fd\"> </span>0,8<span class=\"_ _56\"> </span>1,0<span class=\"_ _1fd\"> </span>4,3<span class=\"_ _a3\"> </span>87<span class=\"_ _1\"></span>,1<span class=\"_ _2f\"> </span>4<span class=\"_ _2\"></span>52<span class=\"_ _1\"></span>,3</span>54<span class=\"_ _1\"></span>,3Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ut<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _5a\"> </span><span class=\"ff29\">(3<span class=\"_ _1\"></span>7,9<span class=\"_ _1\"></span>)<span class=\"_ _10a\"> </span><span class=\"fc0\">-<span class=\"_ _10a\"> </span>-<span class=\"_ _32\"> </span>-<span class=\"_ _157\"> </span></span>(9,9<span class=\"_ _1\"></span>)<span class=\"_ _264\"> </span>(47<span class=\"_ _1\"></span>,8)</span>-Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ore<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tto<span class=\"_ _1a0\"> </span><span class=\"ff2a\">26<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>9<span class=\"_ _55\"> </span>0,8<span class=\"_ _56\"> </span>1,0<span class=\"_ _55\"> </span>4<span class=\"_ _2\"></span>,3<span class=\"_ _a3\"> </span>77<span class=\"_ _1\"></span>,2<span class=\"_ _2f\"> </span>4<span class=\"_ _2\"></span>04<span class=\"_ _1\"></span>,5</span>54<span class=\"_ _1\"></span>,3(1) I crediti c<span class=\"_ _2\"></span>ommerciali incl<span class=\"_ _2\"></span>udono anche<span class=\"_ _2\"></span> crediti verso c<span class=\"_ _2\"></span>ontrollanti, <span class=\"_ _2\"></span>controllate e co<span class=\"_ _2\"></span>nsociate per<span class=\"_ _2\"></span> Euro 2,6 mil<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ni.<span class=\"_ _1\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>liCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> Dis<span class=\"_ _6\"></span>poni<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>ili<span class=\"_ _1\"></span>t\u00e0Totale(1)f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>rif<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span> non co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>tico<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiliq<span class=\"_ _1\"></span>uid<span class=\"_ _1\"></span>enon co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>tico<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiEs<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>rciz<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Totale<span class=\"_ _6\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>re<span class=\"_ _6\"></span> lord<span class=\"_ _1\"></span>o<span class=\"_ _19f\"> </span><span class=\"ff2a\">33<span class=\"_ _1\"></span>2,6<span class=\"_ _14f\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _165\"> </span>0,4<span class=\"_ _14f\"> </span>4,7<span class=\"_ _22b\"> </span>63,<span class=\"_ _1\"></span>3<span class=\"_ _215\"> </span>51<span class=\"_ _1\"></span>4,2</span>11<span class=\"_ _1\"></span>3,0Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _6c\"> </span><span class=\"ff29\">(40<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span>-<span class=\"_ _162\"> </span>(0,<span class=\"_ _2\"></span>2)<span class=\"_ _204\"> </span><span class=\"ff21\">-<span class=\"_ _1fd\"> </span></span>(10<span class=\"_ _1\"></span>,1)<span class=\"_ _265\"> </span>(51<span class=\"_ _1\"></span>,2)</span>-Totale<span class=\"_ _6\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>re<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tto<span class=\"_ _16b\"> </span><span class=\"ff2a\">29<span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>7<span class=\"_ _152\"> </span>0,2<span class=\"_ _165\"> </span>0,2<span class=\"_ _14f\"> </span>4,<span class=\"_ _2\"></span>7<span class=\"_ _e2\"> </span>5<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,2<span class=\"_ _e8\"> </span>46<span class=\"_ _2\"></span>3,<span class=\"_ _1\"></span>0</span>11<span class=\"_ _1\"></span>3,0(1) I crediti c<span class=\"_ _2\"></span>ommerciali incl<span class=\"_ _2\"></span>udono anche<span class=\"_ _2\"></span> crediti verso c<span class=\"_ _2\"></span>ontrollanti, <span class=\"_ _2\"></span>controllate e co<span class=\"_ _2\"></span>nsociate per<span class=\"_ _2\"></span> Euro 2,9 mil<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ni.<span class=\"_ _1\"></span> Il Gruppo pr<span class=\"_ _2\"></span>esenta una e<span class=\"_ _2\"></span>sposizione a<span class=\"_ _2\"></span>l rischio d<span class=\"_ _2\"></span>i credito princ<span class=\"_ _2\"></span>ipalmente <span class=\"_ _2\"></span>con riferimen<span class=\"_ _2\"></span>to ai cre<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>mer<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i, ed in par<span class=\"_ _1\"></span>tico<span class=\"_ _2\"></span>lare<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a quel<span class=\"_ _2\"></span>li rin<span class=\"_ _1\"></span>veni<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i dall<span class=\"_ _1\"></span>\u2019att<span class=\"_ _2\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di racc<span class=\"_ _1\"></span>olta pubb<span class=\"_ _1\"></span>lici<span class=\"_ _1\"></span>taria<span class=\"_ _2\"></span>, <span class=\"ff21\">rischio peraltro mitiga<span class=\"_ _2\"></span>to dal fatto che </span>l\u2019esposizione <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _14\"></span>suddivisa <span class=\"_ _14\"></span><span class=\"ls4a\">su</span> <span class=\"_ _7\"></span>un <span class=\"_ _14\"></span>largo <span class=\"_ _14\"></span>numer<span class=\"_ _3\"></span>o <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>clienti <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>che <span class=\"_ _8\"></span>a <span class=\"_ _8\"></span>fronte <span class=\"_ _15\"> </span>del <span class=\"_ _7\"></span>rischio <span class=\"_ _8\"></span>sono <span class=\"_ _8\"></span>state <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>mplementate<span class=\"_ _2\"></span> procedure di con<span class=\"_ _2\"></span>trollo e mo<span class=\"_ _2\"></span>nitoraggio. I <span class=\"_ _3\"></span>crediti <span class=\"_ _6\"></span>comme<span class=\"_ _2\"></span>rciali <span class=\"_ _3\"></span>netti, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>Euro 264,3 <span class=\"_ _3\"></span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _3\"></span><span class=\"ls3\">al</span> <span class=\"_ _6\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _6\"></span>(Euro <span class=\"_ _6\"></span>266,9 <span class=\"_ _6\"></span>includendo <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>rapporti con <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>controllanti, <span class=\"_ _6\"></span>collegate <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>consocia<span class=\"_ _2\"></span>te), <span class=\"_ _3\"></span><span class=\"ls34\">si<span class=\"_ _3\"></span></span> r<span class=\"_ _3\"></span>iferiscono <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>117,2 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro 118,7 milioni includendo i <span class=\"_ _2\"></span>rapporti con societ\u00e0 co<span class=\"_ _2\"></span>ntrollanti, collega<span class=\"_ _2\"></span>te e consociate) e a Cairo Co<span class=\"_ _2\"></span>mmunication e <span class=\"ff24 ls0\">alle <span class=\"_ _3\"></span>societ\u00e0 da quest\u2019ultima controllate<span class=\"ff21\"> (escluso <span class=\"ls17\">il</span> Gruppo R<span class=\"_ _2\"></span>CS) per Euro <span class=\"_ _2\"></span>147,1 milioni (Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o 148,2 m<span class=\"_ _2\"></span>ilioni </span></span>includendo <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>rapporti <span class=\"_ _16\"></span>con <span class=\"_ _16\"></span>societ\u00e0 <span class=\"_ _16\"></span>controllan<span class=\"_ _2\"></span>ti, <span class=\"_ _16\"></span>collegate <span class=\"_ _0\"></span>e <span class=\"_ _16\"></span>consociate). <span class=\"_ _16\"></span>I <span class=\"_ _0\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _16\"></span>commerciali <span class=\"_ _0\"></span>sono <span class=\"_ _16\"></span>esposti <span class=\"_ _1\"></span>al <span class=\"_ _16\"></span>netto di un fondo svalut<span class=\"_ _2\"></span>azione crediti d<span class=\"_ _2\"></span>i Euro 37,9 milion<span class=\"_ _2\"></span>i. Con <span class=\"_ _2\"></span>riferimento<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _1\"></span>RCS <span class=\"_ _2\"></span>i c<span class=\"_ _2\"></span>rediti <span class=\"_ _1\"></span>commerciali <span class=\"_ _1\"></span>lordi, incl<span class=\"_ _2\"></span>udendo <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>rapporti s<span class=\"_ _2\"></span>ociet\u00e0 <span class=\"_ _1\"></span>controllanti <span class=\"_ _1\"></span>collegate e <span class=\"_ _14\"></span>consociate, <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>146,7 <span class=\"_ _6\"></span><span class=\"ff24\">milioni. <span class=\"_ _14\"></span>L\u2019analisi <span class=\"_ _6\"></span>dei <span class=\"_ _14\"></span>nuovi <span class=\"_ _6\"></span>client</span>i <span class=\"_\"> </span>e <span class=\"_ _11\"> </span><span class=\"ls6\">la</span> <span class=\"_\"> </span>va<span class=\"_ _2\"></span>lutazione <span class=\"_ _11\"> </span>della <span class=\"_\"> </span>aff<span class=\"_ _2\"></span>idabilit\u00e0 della <span class=\"_ _14\"></span>clientela <span class=\"_ _6\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>attuata <span class=\"_ _14\"></span>attraverso <span class=\"_ _14\"></span><span class=\"ff24\">l\u2019attribu<span class=\"_ _2\"></span>zione <span class=\"_ _2\"></span>di un <span class=\"_ _16\"></span>rating finanzia<span class=\"_ _2\"></span>rio g<span class=\"_ _2\"></span>enerato d<span class=\"_ _1\"></span>a un <span class=\"_ _2\"></span>sistema au<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>omatico <span class=\"_ _2\"></span>di </span>valutazione <span class=\"_ _16\"></span>dell\u2019affidabilit\u00e0 <span class=\"_ _16\"></span>creditizia. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>modello <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>elaborazione <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span>rating <span class=\"_ _1\"></span>applicato <span class=\"_ _2\"></span>all\u2019Ita<span class=\"_ _2\"></span>lia <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>basato <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>cos\u00ec detto <span class=\"_ _12\"> </span>modello <span class=\"_ _12\"> </span>dell\u2019\u201cexpected <span class=\"_ _12\"> </span>default <span class=\"_ _12\"> </span>frequency\u201d <span class=\"_ _12\"> </span>elaborato <span class=\"_ _12\"> </span>da <span class=\"_ _11\"> </span>primario <span class=\"_ _12\"> </span>gruppo <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>informazione <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>analisi finanziaria. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>tabella <span class=\"_ _1\"></span>seguente <span class=\"_ _1\"></span>fornisce <span class=\"_ _1\"></span>informazioni <span class=\"_ _1\"></span>circa <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>qualit\u00e0 <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>crediti <span class=\"_ _1\"></span>in p<span class=\"_ _1\"></span>ort<span class=\"_ _3\"></span>afoglio <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span><span class=\"ls31\">RCS<span class=\"ls0\"> </span></span>e <span class=\"ff24\">l\u2019attrib</span>uz<span class=\"_ _2\"></span>ione del <span class=\"_ _1\"></span>f<span class=\"_ _3\"></span>ondo s<span class=\"_ _2\"></span>valutazione cre<span class=\"_ _2\"></span>diti al<span class=\"_ _2\"></span>le diverse f<span class=\"_ _2\"></span>asce di rating i<span class=\"_ _2\"></span>ndividua<span class=\"_ _2\"></span>te: De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>oneCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li Fond<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>23<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1s<span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>onecr<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ditiRati<span class=\"_ _16\"></span>ng<span class=\"_ _1\"></span> A <span class=\"_ _3\"></span>(ri<span class=\"_ _16\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>o b<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>)<span class=\"_ _266\"> </span><span class=\"ff29\">34<span class=\"_ _1\"></span>,4<span class=\"_ _180\"> </span>33<span class=\"_ _1\"></span>,3<span class=\"_ _1fe\"> </span>0<span class=\"_ _2\"></span>,9</span>Rati<span class=\"_ _16\"></span>ng<span class=\"_ _1\"></span> B (ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>edi<span class=\"_ _0\"></span>o)<span class=\"_ _267\"> </span><span class=\"ff29\">11<span class=\"_ _1\"></span>,5<span class=\"_ _ad\"> </span>6<span class=\"_ _2\"></span>,7<span class=\"_ _14d\"> </span>7,3</span>Rati<span class=\"_ _16\"></span>ng<span class=\"_ _1\"></span> C (ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>)<span class=\"_ _268\"> </span><span class=\"ff29\">8,<span class=\"_ _1\"></span>2<span class=\"_ _ad\"> </span>8,1<span class=\"_ _20e\"> </span>1<span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>9</span>Rati<span class=\"_ _16\"></span>ng<span class=\"_ _1\"></span> Z (no<span class=\"_ _1\"></span>t rate<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>)<span class=\"_ _1b6\"> </span><span class=\"ff29\">97<span class=\"_ _1\"></span>,7<span class=\"_ _18e\"> </span>12<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,1<span class=\"_ _20e\"> </span>12<span class=\"_ _1\"></span>,4</span>Totale<span class=\"_ _1b5\"> </span><span class=\"ff2a\">15<span class=\"_ _1\"></span>1,8<span class=\"_ _18e\"> </span>1<span class=\"_ _1\"></span>71<span class=\"_ _2\"></span>,2<span class=\"_ _20e\"> </span>32<span class=\"_ _1\"></span>,5</span>Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _200\"> </span><span class=\"ff29\">(3<span class=\"_ _2\"></span>3,<span class=\"_ _1\"></span>1)<span class=\"_ _b1\"> </span>(35<span class=\"_ _1\"></span>,8)</span>Totale<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tto<span class=\"_ _1b9\"> </span><span class=\"ff2a\">1<span class=\"_ _1\"></span>18<span class=\"_ _2\"></span>,7<span class=\"_ _18e\"> </span>1<span class=\"_ _2\"></span>35<span class=\"_ _1\"></span>,4</span>Si ramme<span class=\"_ _2\"></span>nta ch<span class=\"_ _2\"></span>e la <span class=\"_ _1\"></span>fascia dei <span class=\"_ _1\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _2\"></span>con at<span class=\"_ _2\"></span>tribuzione <span class=\"_ _2\"></span>Rating <span class=\"_ _2\"></span>Z <span class=\"_ _2\"></span>\u00e8 costi<span class=\"_ _2\"></span>tuita pr<span class=\"_ _2\"></span>incipalmente <span class=\"_ _1\"></span>da crediti ve<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>so en<span class=\"_ _2\"></span>ti pubblici, client<span class=\"_ _2\"></span>i esteri e clientela d<span class=\"_ _2\"></span>iffusa. Con riferimento <span class=\"_ _2\"></span>al gruppo <span class=\"_ _2\"></span>m-Dis si segnala che <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e relative pos<span class=\"_ _2\"></span>te patrimon<span class=\"_ _2\"></span>iali conflui<span class=\"_ _2\"></span>scono nella fasc<span class=\"_ _2\"></span>ia Rating Z. <span class=\"_ _12\"> </span>Per<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>mitigarne <span class=\"_ _12\"> </span>gli <span class=\"_ _11\"> </span>effetti <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>rischio <span class=\"_ _12\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>credito, <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>societ\u00e0 <span class=\"_ _12\"> </span>m<span class=\"_ _6\"></span>-dis <span class=\"_ _12\"> </span>Distribuzione <span class=\"_ _12\"> </span>Media <span class=\"_ _11\"> </span>S.p.A. <span class=\"_ _12\"> </span>attua <span class=\"_ _11\"> </span>un monitoraggio <span class=\"_ _16\"></span>puntuale <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>costante <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>situazione <span class=\"_ _16\"></span>creditoria <span class=\"_ _16\"></span>ed h<span class=\"_ _1\"></span>a o<span class=\"_ _1\"></span>tt<span class=\"_ _3\"></span>enuto <span class=\"_ _16\"></span>da <span class=\"_ _1\"></span>molti <span class=\"_ _1\"></span>distributori <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>ocali <span class=\"_ _1\"></span>il <span class=\"_ _16\"></span>rilascio di <span class=\"_ _6\"></span>garanzie <span class=\"_ _6\"></span>(fidejussioni) <span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>par<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span> coper<span class=\"_ _1\"></span>tura del<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>risc<span class=\"_ _1\"></span>hio <span class=\"ls7\">di</span> <span class=\"_ _3\"></span>cred<span class=\"_ _2\"></span>ito<span class=\"_ _2\"></span>. Tutt<span class=\"_ _2\"></span>av<span class=\"_ _1\"></span>ia, <span class=\"ls17\">il</span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>uo calo<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>dei liqu<span class=\"_ _1\"></span>idati e <span class=\"ls17\">la</span> sos<span class=\"_ _2\"></span>tan<span class=\"_ _1\"></span>ziale<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>assenza <span class=\"_ _12\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>barriere <span class=\"_ _11\"> </span>di <span class=\"_ _12\"> </span>ac<span class=\"_ _3\"></span>cesso <span class=\"_ _12\"> </span><span class=\"ls4\">al</span> <span class=\"_ _11\"> </span>mercato <span class=\"_ _12\"> </span>potrebbero <span class=\"_ _12\"> </span>comportare <span class=\"_ _11\"> </span>modifiche <span class=\"_ _12\"> </span><span class=\"ff24\">all\u2019attuale</span> <span class=\"_ _12\"> </span>filiera distributiva, <span class=\"_ _16\"></span>con <span class=\"_ _1\"></span>concentraz<span class=\"_ _2\"></span>ione <span class=\"_ _1\"></span>di <span class=\"_ _16\"></span>operatori <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>maggiori <span class=\"_ _16\"></span>rischi <span class=\"_ _1\"></span>di <span class=\"_ _16\"></span>cr<span class=\"_ _3\"></span>edito. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>mercato <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>aziende <span class=\"_ _1\"></span>del <span class=\"_ _16\"></span>gruppo m-Dis <span class=\"_ _14\"></span>operano <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>costituito <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>un <span class=\"_ _6\"></span>numero <span class=\"_ _3\"></span>contenuto <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>piccole<span class=\"_ _2\"></span>/medie <span class=\"_ _3\"></span><span class=\"ls4\">az</span>iende <span class=\"_ _3\"></span>rappresentate <span class=\"_ _3\"></span>prevalentemente dai <span class=\"_ _15\"></span>Distributori<span class=\"_ _2\"></span> <span class=\"_ _15\"> </span>Locali <span class=\"_ _15\"></span>che <span class=\"_ _8\"></span>sono <span class=\"_ _15\"> </span>attivi <span class=\"_ _8\"></span>nel <span class=\"_ _15\"> </span>campo <span class=\"_ _8\"></span>della <span class=\"_ _15\"> </span>distribuzione <span class=\"_ _15\"></span>di <span class=\"_ _8\"></span>prodotti <span class=\"_ _15\"> </span>editoriali. <span class=\"_ _8\"></span>Le <span class=\"_ _11\"> </span>transazioni effettuate <span class=\"_ _16\"></span>sono <span class=\"_ _16\"></span>generalment<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>regolate <span class=\"_ _16\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>tempi <span class=\"_ _16\"></span>brevi <span class=\"_ _1\"></span>e <span class=\"_ _16\"></span>tramite <span class=\"_ _16\"></span><span class=\"ff24\">l\u2019incasso<span class=\"ff21\"> <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>acconti p<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>iodici anticipa<span class=\"_ _2\"></span>ti. Alla luce </span></span></span></span>di quan<span class=\"_ _2\"></span>to espo<span class=\"_ _2\"></span>sto no<span class=\"_ _1\"></span>n viene <span class=\"_ _1\"></span>elaborato uno <span class=\"_ _1\"></span>scadenziario <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>stessi in<span class=\"_ _2\"></span> qu<span class=\"_ _1\"></span>anto priv<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>di s<span class=\"_ _2\"></span>ignificativi<span class=\"_ _2\"></span>t\u00e0 e <span class=\"_ _1\"></span>pertanto le rela<span class=\"_ _2\"></span>tive poste <span class=\"_ _2\"></span>patrimon<span class=\"_ _2\"></span>iali sono da co<span class=\"_ _1\"></span>nsiderarsi con scadenza preva<span class=\"_ _2\"></span>lentemente a <span class=\"_ _1\"></span>vi<span class=\"_ _3\"></span>sta. Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>Cairo <span class=\"_ _3\"></span>Communication <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>essa <span class=\"_ _6\"></span>controllate <span class=\"_ _3\"></span>(escluso <span class=\"_ _6\"></span><span class=\"ls6\">il</span> <span class=\"_ _6\"></span>Gruppo <span class=\"_ _14\"></span>RCS) <span class=\"_ _7\"></span>i <span class=\"_ _14\"></span>crediti commerciali lord<span class=\"_ _2\"></span>i sono pari a 153 milio<span class=\"_ _2\"></span>ni. Il fondo sva<span class=\"_ _2\"></span>lutazione credi<span class=\"_ _2\"></span>ti \u00e8 pari ad E<span class=\"_ _2\"></span>uro 4,8 milioni. La<span class=\"ls0\"> r<span class=\"_ _2\"></span>ipartizione <span class=\"_ _2\"></span>dei <span class=\"_ _1\"></span>crediti c<span class=\"_ _1\"></span>ommerciali per <span class=\"_ _1\"></span>fasce <span class=\"ls7\">di</span> <span class=\"_ _2\"></span>scaduto <span class=\"_ _1\"></span><span class=\"ls4\">al<span class=\"ls0\"> 31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _2\"></span>2022 <span class=\"_ _1\"></span>comparata con <span class=\"_ _2\"></span>il 31 <span class=\"_ _2\"></span>dicembr<span class=\"_ _2\"></span>e </span></span></span>2021 \u00e8 la seguente<span class=\"_ _2\"></span>: 31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>22Co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nteSca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> 6<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> o<span class=\"_ _3\"></span>ltr<span class=\"_ _2\"></span>eTo<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span> <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> g<span class=\"_ _6\"></span>ge<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>g9<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>g1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>gCredi<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>mm<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _25d\"> </span><span class=\"ff29\">5,<span class=\"_ _2\"></span>9<span class=\"_ _247\"> </span>1,<span class=\"_ _2\"></span>1<span class=\"_ _66\"> </span>2,<span class=\"_ _1\"></span>9<span class=\"_ _66\"> </span>4,8<span class=\"_ _1bf\"> </span>15<span class=\"_ _2\"></span>3,<span class=\"_ _1\"></span>0</span>13<span class=\"_ _1\"></span>8,3Fo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>o sval<span class=\"_ _16\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _25a\"> </span><span class=\"ff29\">(0<span class=\"_ _1\"></span>,5)<span class=\"_ _1fd\"> </span>(0,1<span class=\"_ _1\"></span>)<span class=\"_ _6e\"> </span>(0<span class=\"_ _1\"></span>,4)<span class=\"_ _79\"> </span>(2,9<span class=\"_ _1\"></span>)<span class=\"_ _65\"> </span>(4,8<span class=\"_ _1\"></span>)</span>(0,<span class=\"_ _1\"></span>9)Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>diti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>o<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>lie<span class=\"_ _6\"></span>nti<span class=\"_ _269\"> </span><span class=\"ff2a\">5,<span class=\"_ _1\"></span>4<span class=\"_ _14e\"> </span>1<span class=\"_ _2\"></span>,0<span class=\"_ _78\"> </span>2,5<span class=\"_ _78\"> </span>1,<span class=\"_ _2\"></span>9<span class=\"_ _63\"> </span>1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>8,<span class=\"_ _1\"></span>2</span>13<span class=\"_ _1\"></span>7,431<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>21Co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nteSca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> 6<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> o<span class=\"_ _3\"></span>ltr<span class=\"_ _2\"></span>eTo<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span> <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> g<span class=\"_ _6\"></span>ge<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>g9<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>g1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>gCredi<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>mm<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _25d\"> </span><span class=\"ff29\">7,<span class=\"_ _2\"></span>3<span class=\"_ _247\"> </span>1,<span class=\"_ _2\"></span>5<span class=\"_ _66\"> </span>2,<span class=\"_ _1\"></span>2<span class=\"_ _66\"> </span>4,0<span class=\"_ _1bf\"> </span>16<span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>4</span>14<span class=\"_ _1\"></span>6,3Fo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>o sval<span class=\"_ _16\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _25a\"> </span><span class=\"ff29\">(0<span class=\"_ _1\"></span>,6)<span class=\"_ _1fd\"> </span>(0,3<span class=\"_ _1\"></span>)<span class=\"_ _6e\"> </span>(1<span class=\"_ _1\"></span>,3)<span class=\"_ _79\"> </span>(2,6<span class=\"_ _1\"></span>)<span class=\"_ _65\"> </span>(5,1<span class=\"_ _1\"></span>)</span>(0,<span class=\"_ _1\"></span>3)Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>diti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>o<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>lie<span class=\"_ _6\"></span>nti<span class=\"_ _269\"> </span><span class=\"ff2a\">6,<span class=\"_ _1\"></span>7<span class=\"_ _14e\"> </span>1<span class=\"_ _2\"></span>,2<span class=\"_ _78\"> </span>0,9<span class=\"_ _78\"> </span>1,<span class=\"_ _2\"></span>4<span class=\"_ _63\"> </span>1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>3</span>14<span class=\"_ _1\"></span>6,0Le altre attivit\u00e0 c<span class=\"_ _2\"></span>orrenti e n<span class=\"_ _2\"></span>on correnti inc<span class=\"_ _1\"></span>ludon<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>: <span class=\"ff24 fc0\">crediti verso l\u2019Erario per <span class=\"_ _3\"></span>complessiv<span class=\"ff21\">i Euro 26,9 m<span class=\"_ _3\"></span>ilioni e verso l<span class=\"_ _3\"></span>o Stato per <span class=\"_ _3\"></span>contributi pubblici per Euro <span class=\"_ _3\"></span>22,8 </span></span>milioni <span class=\"_ _11\"> </span>per <span class=\"_ _12\"> </span>i <span class=\"_ _11\"> </span>quali <span class=\"_ _12\"> </span>i<span class=\"_ _3\"></span>l <span class=\"_ _12\"> </span>ri<span class=\"_ _3\"></span>schio <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>credito <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _11\"> </span>ritenuto <span class=\"_ _12\"> </span>non <span class=\"_ _11\"> </span>significativo <span class=\"_ _12\"> </span>in <span class=\"_ _11\"> </span>considerazione <span class=\"_ _12\"> </span>della <span class=\"_ _11\"> </span>natura <span class=\"_ _12\"> </span>della controparte; <span class=\"ff21 fc0\">anticipi <span class=\"_ _3\"></span><span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>agenti, collaboratori, <span class=\"_ _3\"></span>autori e <span class=\"_ _3\"></span>fornitori <span class=\"_ _3\"></span>per <span class=\"ls9\">Eu<span class=\"ls5\">ro</span></span> <span class=\"_ _3\"></span>18,7 <span class=\"_ _3\"></span>milioni per <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>quali <span class=\"_ _3\"></span><span class=\"ls6\">il</span> rischio <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>credito <span class=\"_ _3\"></span>risulta </span>mitigato dalla possibilit\u00e0 di compens<span class=\"_ _2\"></span>azione con correlati debiti attual<span class=\"_ _2\"></span>i e/o futuri. Tali anticipi sono espressi al<span class=\"_ _2\"></span> netto di un fondo s<span class=\"_ _2\"></span>valutazio<span class=\"_ _2\"></span>ne di Euro 7 milion<span class=\"_ _2\"></span>i. <span class=\"ff21 fc0\">depositi cauziona<span class=\"_ _2\"></span>li e bancari per Euro<span class=\"_ _2\"></span> 3,7 milioni sui qual<span class=\"_ _2\"></span>i il rischio credito \u00e8 <span class=\"_ _2\"></span>ritenuto non si<span class=\"_ _2\"></span>gni<span class=\"_ _1\"></span>fica<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> </span><span class=\"ff21 fc0\">crediti diversi <span class=\"_ _2\"></span>pari a Eu<span class=\"_ _2\"></span>ro 8,8 milion<span class=\"_ _2\"></span>i espressi <span class=\"ls4\">al<span class=\"_ _1\"></span><span class=\"ls0\"> netto di <span class=\"ls7\">un</span> fondo svalutazione <span class=\"ls7\">di</span> Euro 5<span class=\"_ _2\"></span>,3 mil<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span>i </span></span></span><span class=\"ff21 fc0\">I crediti <span class=\"_ _2\"></span>finanziar<span class=\"_ _2\"></span>i corren<span class=\"_ _2\"></span>ti sono <span class=\"_ _1\"></span>pari a Eu<span class=\"_ _2\"></span>ro 1 <span class=\"_ _1\"></span>milione </span><span class=\"ff21 fc0 ls4f\">Il<span class=\"ls0\"> risc<span class=\"_ _2\"></span>hio<span class=\"_ _1\"></span> <span class=\"ls7\">di</span> cr<span class=\"_ _2\"></span>edi<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>rrela<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>alle<span class=\"_ _1\"></span> dis<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>nib<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>\u00e0 l<span class=\"_ _2\"></span>iqu<span class=\"_ _1\"></span>ide <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>mez<span class=\"_ _2\"></span>zi <span class=\"_ _1\"></span>equi<span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>ti, c<span class=\"_ _2\"></span>on <span class=\"_ _1\"></span><span class=\"ls7\">una<span class=\"_ _3\"></span><span class=\"ls0\"> e<span class=\"_ _1\"></span>spos<span class=\"_ _1\"></span>izione<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>assima teor<span class=\"_ _2\"></span>ica </span></span></span></span>di Euro 54<span class=\"_ _2\"></span>,3 <span class=\"_ _3\"></span>milioni (Euro <span class=\"_ _2\"></span>113 milioni <span class=\"_ _1\"></span><span class=\"ls4\">al<span class=\"_ _3\"></span><span class=\"ls0\"> 31 d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>cembre <span class=\"_ _2\"></span>2021) \u00e8 <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>itenuto non <span class=\"_ _3\"></span>significat<span class=\"_ _2\"></span>ivo <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>quanto <span class=\"_ _6\"></span>si <span class=\"_ _3\"></span>tratta <span class=\"_ _6\"></span>di </span></span>depositi frazion<span class=\"_ _2\"></span>ati su diverse is<span class=\"_ _2\"></span>tituzioni banca<span class=\"_ _2\"></span>rie. Ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di pre<span class=\"_ _1\"></span>zzo Il Gruppo <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>\u00e8 esposto <span class=\"_ _1\"></span>a significativi <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ischi di <span class=\"_ _2\"></span>prezzo <span class=\"_ _2\"></span>relativi a <span class=\"_ _1\"></span>strumenti finanzi<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span><span class=\"ff24\">ri che <span class=\"_ _1\"></span>rientrano nell\u2019ambi<span class=\"_ _2\"></span>to </span>di applicazione de<span class=\"_ _2\"></span>llo IAS 39. 42. S<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>umenti<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>finan<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ari <span class=\"_ _2\"></span>inf<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>maz<span class=\"_ _1\"></span>ioni <span class=\"_ _2\"></span>inte<span class=\"_ _1\"></span>grat<span class=\"_ _2\"></span>ive Nella tabel<span class=\"_ _2\"></span>la che <span class=\"_ _1\"></span>segue sono ripor<span class=\"_ _2\"></span>tati i va<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>ori cont<span class=\"_ _2\"></span>abili <span class=\"_ _2\"></span>per ogni <span class=\"_ _1\"></span>classe identificata <span class=\"_ _1\"></span><span class=\"ff24\">dall\u2019<span class=\"_ _3\"></span>IFRS 9, come richiesto<span class=\"_ _1\"></span> </span>dall\u2019IFRS <span class=\"_ _15\"> </span>7. <span class=\"_ _15\"> </span>Tale <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>contabile <span class=\"_ _15\"></span>coincide <span class=\"_ _8\"></span>generalmente <span class=\"_ _8\"></span>con <span class=\"_ _15\"> </span><span class=\"ls6\">la</span> <span class=\"_ _15\"> </span>valutazione <span class=\"_ _8\"></span><span class=\"ls4\">al</span> <span class=\"_ _15\"> </span>costo <span class=\"_ _15\"> </span>ammortizzato <span class=\"_ _8\"></span>delle attivit\u00e0/passivit\u00e0<span class=\"_ _2\"></span> finanziarie, ad eccez<span class=\"_ _2\"></span>ione degli strumenti derivat<span class=\"_ _2\"></span>i e degli altri strumenti di capitale valut<span class=\"_ _3\"></span>ati al fair value<span class=\"ff21\">. </span>In<span class=\"ls0\"> conformit\u00e0 <span class=\"ff24\">all\u2019IFRS</span> 7, i crediti diversi e <span class=\"ls17\">le</span> altre <span class=\"_ _3\"></span>attivit\u00e0 correnti, rappre<span class=\"_ _2\"></span>sentati nella tabella <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>segue, <span class=\"_ _14\"></span>non </span>includono i c<span class=\"_ _2\"></span>rediti verso <span class=\"_ _2\"></span><span class=\"ff24\">l\u2019Erario,<span class=\"ff21\"> i ra<span class=\"_ _2\"></span>tei e riscon<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>i attivi e i c<span class=\"_ _2\"></span>rediti verso <span class=\"_ _2\"></span>enti pre<span class=\"_ _1\"></span>vide<span class=\"_ _2\"></span>nzi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i.<span class=\"_ _1\"></span> </span></span>Analogamente i<span class=\"_ _2\"></span> debiti dive<span class=\"_ _2\"></span>rsi e altre pa<span class=\"_ _2\"></span>ssivit\u00e0 correnti <span class=\"_ _2\"></span>non includono<span class=\"_ _2\"></span> i debiti ve<span class=\"_ _2\"></span>rso enti previde<span class=\"_ _2\"></span>nziali, i <span class=\"_ _2\"></span>ratei e risconti passivi e l<span class=\"_ _2\"></span>e ferie m<span class=\"_ _2\"></span>aturate e non godu<span class=\"_ _2\"></span>te. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _237\"> </span><span class=\"ff2a\">31/1<span class=\"_ _1\"></span>2/2<span class=\"_ _2\"></span>02<span class=\"_ _1\"></span>2<span class=\"_ _5a\"> </span>31<span class=\"_ _2\"></span>/1<span class=\"_ _2\"></span>2/<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>21</span>ATTIV<span class=\"_ _2\"></span>ITA\u2019 <span class=\"_ _3\"></span>FINAN<span class=\"_ _3\"></span>Z<span class=\"_ _1\"></span>IAR<span class=\"_ _3\"></span>IEAttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> al co<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>morti<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>toCredi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _cd\"> </span><span class=\"ff29\">0,<span class=\"_ _2\"></span>8<span class=\"_ _26a\"> </span>0,<span class=\"_ _2\"></span>2</span>Al<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _20b\"> </span><span class=\"ff29\">4<span class=\"_ _2\"></span>,3<span class=\"_ _26a\"> </span>4<span class=\"_ _2\"></span>,7</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>om<span class=\"_ _16\"></span>merci<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _f9\"> </span><span class=\"ff29\">2<span class=\"_ _1\"></span>64,<span class=\"_ _2\"></span>3<span class=\"_ _26b\"> </span>28<span class=\"_ _1\"></span>8,8</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>verso con<span class=\"_ _1\"></span>trol<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>, col<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>egate <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>soci<span class=\"_ _1\"></span>ate<span class=\"_ _49\"> </span><span class=\"ff29\">2,6<span class=\"_ _26a\"> </span>2,<span class=\"_ _2\"></span>9</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>versi<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrenti<span class=\"_ _26c\"> </span><span class=\"ff29\">32<span class=\"_ _1\"></span>,1<span class=\"_ _61\"> </span>26<span class=\"_ _1\"></span>,0</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrenti<span class=\"_ _ce\"> </span><span class=\"ff29\">1,<span class=\"_ _2\"></span>0<span class=\"_ _26a\"> </span>0,3</span>Di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>qu<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>de e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>zz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>equ<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>val<span class=\"_ _1\"></span>enti<span class=\"_ _24b\"> </span><span class=\"ff29\">54<span class=\"_ _1\"></span>,3<span class=\"_ _26b\"> </span>11<span class=\"_ _1\"></span>3,0</span>Attiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> al f<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>ue<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>pu<span class=\"_ _1\"></span>tate<span class=\"_ _6\"></span> a co<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>nomicoDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>pertu<span class=\"_ _1\"></span>raAl<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>iAttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> al f<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>ue<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>pu<span class=\"_ _1\"></span>tate<span class=\"_ _6\"></span> al co<span class=\"_ _3\"></span>nto<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>nomico<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>mp<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _21f\"> </span><span class=\"ff29\">1,3<span class=\"_ _26a\"> </span>0<span class=\"_ _2\"></span>,2</span>Al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _26d\"> </span><span class=\"ff29\">5,<span class=\"_ _2\"></span>4<span class=\"_ _26a\"> </span>2,<span class=\"_ _2\"></span>5</span>TOTA<span class=\"_ _3\"></span>LE<span class=\"_ _21e\"> </span><span class=\"ff2a\">3<span class=\"_ _1\"></span>66,2<span class=\"_ _26b\"> </span>4<span class=\"_ _1\"></span>38,<span class=\"_ _2\"></span>6</span>PASS<span class=\"_ _1\"></span>I<span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>ITA<span class=\"_ _3\"></span>\u2019 FIN<span class=\"_ _3\"></span>ANZ<span class=\"_ _1\"></span>I<span class=\"_ _3\"></span>ARI<span class=\"_ _3\"></span>EPa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>tizz<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>toDe<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> pass<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrenti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _26e\"> </span><span class=\"ff29\">40<span class=\"_ _1\"></span>,0<span class=\"_ _61\"> </span>39<span class=\"_ _1\"></span>,6</span>Al<span class=\"_ _1\"></span>tre pass<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n correntiP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>er <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oca<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _144\"> </span><span class=\"ff29\">1<span class=\"_ _2\"></span>33<span class=\"_ _1\"></span>,6<span class=\"_ _26b\"> </span>15<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>9</span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> verso ban<span class=\"_ _2\"></span>cheDe<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _b9\"> </span><span class=\"ff29\">31<span class=\"_ _1\"></span>,8<span class=\"_ _61\"> </span>36<span class=\"_ _1\"></span>,8</span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _c2\"> </span><span class=\"ff29\">307<span class=\"_ _1\"></span>,1<span class=\"_ _26b\"> </span>29<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>8</span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> verso con<span class=\"_ _2\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>anti<span class=\"_ _16\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gate e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>soci<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _26f\"> </span><span class=\"ff29\">11<span class=\"_ _1\"></span>,8<span class=\"_ _26a\"> </span>7,5</span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>versi<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tre <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 c<span class=\"_ _3\"></span>orrent<span class=\"_ _2\"></span>i<span class=\"_ _cc\"> </span><span class=\"ff29\">3<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>8<span class=\"_ _61\"> </span>4<span class=\"_ _1\"></span>2,1</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>correnti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ocazi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _4b\"> </span><span class=\"ff29\">28<span class=\"_ _1\"></span>,8<span class=\"_ _61\"> </span>29<span class=\"_ _1\"></span>,9</span>Pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> im<span class=\"_ _2\"></span>pu<span class=\"_ _1\"></span>tate<span class=\"_ _6\"></span> a c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nto e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>no<span class=\"_ _3\"></span>mi<span class=\"_ _2\"></span>coDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>pertu<span class=\"_ _1\"></span>raPa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> im<span class=\"_ _2\"></span>pu<span class=\"_ _1\"></span>tate<span class=\"_ _6\"></span> al co<span class=\"_ _3\"></span>nto<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>nomico<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>mp<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _270\"> </span><span class=\"ff29\">0,<span class=\"_ _2\"></span>4</span>TOTA<span class=\"_ _3\"></span>LE<span class=\"_ _21e\"> </span><span class=\"ff2a\">5<span class=\"_ _1\"></span>91,9<span class=\"_ _26b\"> </span>6<span class=\"_ _1\"></span>10,<span class=\"_ _2\"></span>0</span>Tra <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>valutate <span class=\"_ _16\"></span>al <span class=\"_ _2\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">imputate <span class=\"_ _16\"></span>a <span class=\"_ _2\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _16\"></span>complessivo <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>classificati <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>titoli </span></span>e <span class=\"ls17\">le</span> <span class=\"_ _2\"></span>partecipazioni <span class=\"_ _1\"></span>che non <span class=\"_ _1\"></span>sono<span class=\"_ _3\"></span> n\u00e9<span class=\"_ _1\"></span> di control<span class=\"_ _2\"></span>lo, n\u00e9<span class=\"_ _2\"></span> <span class=\"ls7\">di</span> collega<span class=\"_ _2\"></span>mento, n\u00e9 di <span class=\"_ _2\"></span>trading defini<span class=\"_ _2\"></span>ti come al<span class=\"_ _2\"></span>tri strument<span class=\"_ _2\"></span>i di <span class=\"_ _14\"></span>capitale. <span class=\"_ _7\"></span>La <span class=\"_ _14\"></span>scelta <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>valutare <span class=\"_ _14\"></span>lo <span class=\"_ _7\"></span>strumento<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value <span class=\"_ _14\"></span></span>con <span class=\"_ _7\"></span>variazioni <span class=\"_ _14\"></span>rilevate <span class=\"_ _14\"></span>nelle <span class=\"_ _7\"></span>altre<span class=\"_ _2\"></span> componenti di c<span class=\"_ _2\"></span>onto econo<span class=\"_ _2\"></span>mico comp<span class=\"_ _1\"></span>less<span class=\"_ _1\"></span>ivo.<span class=\"_ _1\"></span> In <span class=\"_ _14\"></span>r<span class=\"_ _3\"></span>elazione <span class=\"_ _14\"></span>agli <span class=\"_ _14\"></span>strumenti <span class=\"_ _14\"></span>finanziari <span class=\"_ _14\"></span>rilevati <span class=\"_ _14\"></span>nella <span class=\"_ _14\"></span>situazione <span class=\"_ _14\"></span>patrimoniale <span class=\"_ _14\"></span>finanziaria <span class=\"_ _14\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span>fair <span class=\"_ _7\"> </span>val<span class=\"_ _3\"></span>ue <span class=\"_ _7\"></span>l\u2019IFRS7 richiede che <span class=\"_ _3\"></span>tali valori <span class=\"_ _3\"></span>siano classificati sulla <span class=\"_ _3\"></span>base della <span class=\"_ _3\"></span>gerarchia di <span class=\"_ _3\"></span>livelli che <span class=\"_ _3\"></span>evidenzi i <span class=\"_ _3\"></span>valori <span class=\"_ _3\"></span>uti<span class=\"_ _3\"></span>lizzati <span class=\"_ _3\"></span>per la determinazio<span class=\"_ _2\"></span>ne del fair v<span class=\"_ _2\"></span>alue. I livelli sono dis<span class=\"_ _2\"></span>tinti in: <span class=\"ff21 fs2 fc0\">Livello 1: Pr<span class=\"_ _2\"></span>ezzi quotati (n<span class=\"_ _2\"></span>on rettificati) su<span class=\"_ _2\"></span>i mercati att<span class=\"_ _2\"></span>ivi per attivit\u00e0<span class=\"_ _2\"></span> o passiv<span class=\"_ _2\"></span>it\u00e0 ide<span class=\"_ _1\"></span>ntiche<span class=\"_ _1\"></span>; </span><span class=\"ff21 fs2 fc0\">Livello 2: Dati <span class=\"_ _3\"></span><span class=\"ls7\">di</span> input <span class=\"_ _3\"></span>diversi dai prezzi quotati (di cui <span class=\"ls3\">al</span> livello 1) osservabili per <span class=\"ff24\">l\u2019attivit\u00e0 o la passivit\u00e0 sia </span></span>direttamente (co<span class=\"_ _2\"></span>me nel caso dei p<span class=\"_ _2\"></span>rezzi) sia ind<span class=\"_ _2\"></span>irettamente <span class=\"_ _2\"></span>(cio\u00e8 in quanto d<span class=\"_ _2\"></span>erivati dai prez<span class=\"_ _2\"></span>zi); Livello 3: Dati di input r<span class=\"_ _2\"></span>elativi all\u2019attivi<span class=\"_ _2\"></span>t\u00e0 o alla passiv<span class=\"_ _2\"></span>it\u00e0 non basat<span class=\"_ _2\"></span>i su dati di mer<span class=\"_ _2\"></span>cato <span class=\"_ _3\"></span>os<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vab<span class=\"_ _1\"></span>ili.<span class=\"_ _1\"></span> Di seguito le attiv<span class=\"_ _2\"></span>it\u00e0 e passivit<span class=\"_ _2\"></span>\u00e0 che sono valutate a<span class=\"_ _2\"></span>l fair value per<span class=\"_ _2\"></span> livello ge<span class=\"_ _1\"></span>rarch<span class=\"_ _1\"></span>ico.<span class=\"_ _2\"></span> G<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>hia<span class=\"_ _1\"></span> di v<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>lu<span class=\"_ _1\"></span>taz<span class=\"_ _1\"></span>ione<span class=\"_ _14\"></span> de<span class=\"_ _6\"></span>l f<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ir<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ue<span class=\"_ _6\"></span> pe<span class=\"_ _6\"></span>r cate<span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _6\"></span> di Live<span class=\"_ _14\"></span>llo <span class=\"_ _3\"></span>1<span class=\"_ _1c2\"> </span>Liv<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>llo 2<span class=\"_ _69\"> </span>Li<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>ll<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span> 3<span class=\"_ _165\"> </span>To<span class=\"_ _3\"></span>tal<span class=\"_ _2\"></span>es<span class=\"_ _6\"></span>tr<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nti f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i a<span class=\"_ _2\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _6\"></span>22ATTIV<span class=\"_ _1\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _1\"></span>IAR<span class=\"_ _3\"></span>IEAtti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fai<span class=\"_ _1\"></span>r val<span class=\"_ _16\"></span>ue i<span class=\"_ _16\"></span>mp<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>om<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _1a3\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _261\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fai<span class=\"_ _1\"></span>r val<span class=\"_ _16\"></span>ue i<span class=\"_ _16\"></span>mp<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>om<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _16\"></span>pl<span class=\"_ _16\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span>voAl<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>prese<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>ati<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _271\"> </span>0<span class=\"_ _1\"></span>,3<span class=\"_ _219\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _89\"> </span>5,<span class=\"_ _16\"></span>4TOTALE<span class=\"_ _103\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _d7\"> </span>1<span class=\"_ _3\"></span>,3<span class=\"_ _1fe\"> </span>5<span class=\"_ _3\"></span>,1<span class=\"_ _32\"> </span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7PAS<span class=\"_ _2\"></span>SIV<span class=\"_ _16\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _1\"></span>IAR<span class=\"_ _3\"></span>IEP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>r <span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>utate a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>to ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _16\"></span>pl<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>voDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _1a3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _261\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4TOTALE<span class=\"_ _4e\"> </span>0,<span class=\"_ _3\"></span>4<span class=\"_ _1ef\"> </span>0,4G<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>hia<span class=\"_ _1\"></span> di v<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>lu<span class=\"_ _1\"></span>taz<span class=\"_ _1\"></span>ione<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _6\"></span>l f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lue<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span>g<span class=\"_ _6\"></span>ori<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>di Live<span class=\"_ _14\"></span>llo <span class=\"_ _3\"></span>1<span class=\"_ _118\"> </span>Live<span class=\"_ _14\"></span>llo 2<span class=\"_ _69\"> </span>Live<span class=\"_ _14\"></span>llo <span class=\"_ _3\"></span>3<span class=\"_ _165\"> </span>To<span class=\"_ _3\"></span>tal<span class=\"_ _2\"></span>es<span class=\"_ _6\"></span>tr<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nti f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1ATTIV<span class=\"_ _1\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _1\"></span>IAR<span class=\"_ _3\"></span>IEAtti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fa<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>r val<span class=\"_ _16\"></span>ue i<span class=\"_ _16\"></span>mp<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>tate <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra0<span class=\"_ _3\"></span>,2<span class=\"_ _271\"> </span>0<span class=\"_ _3\"></span>,2Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fa<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>r val<span class=\"_ _16\"></span>ue i<span class=\"_ _16\"></span>mp<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>tate <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _16\"></span>pl<span class=\"_ _16\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span>voAl<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>rapp<span class=\"_ _1\"></span>re<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>pi<span class=\"_ _0\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _22c\"> </span>0,<span class=\"_ _16\"></span>3<span class=\"_ _272\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _89\"> </span>2,<span class=\"_ _16\"></span>4TOTALE<span class=\"_ _273\"> </span>0<span class=\"_ _3\"></span>,3<span class=\"_ _1f7\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _1fe\"> </span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _32\"> </span>2<span class=\"_ _6\"></span>,6PAS<span class=\"_ _2\"></span>SIV<span class=\"_ _16\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _1\"></span>IAR<span class=\"_ _3\"></span>IEP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>r <span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>pu<span class=\"_ _1\"></span>tate<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>to ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _16\"></span>pl<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>voDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _94\"> </span>0,<span class=\"_ _16\"></span>4<span class=\"_ _229\"> </span>0,<span class=\"_ _16\"></span>4TOTALE<span class=\"_ _1a4\"> </span>0,<span class=\"_ _3\"></span>4<span class=\"_ _274\"> </span>0<span class=\"_ _3\"></span>,4In<span class=\"ls0\"> <span class=\"_ _16\"></span>confor<span class=\"_ _3\"></span>mit\u00e0 <span class=\"_ _16\"></span><span class=\"ff24\">all\u2019IFRS<span class=\"ff21\"> <span class=\"_ _16\"></span>7, <span class=\"_ _1\"></span><span class=\"ls34\">si<span class=\"ls0\"> <span class=\"_ _16\"></span>r<span class=\"_ _3\"></span>iportano <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>seguito <span class=\"_ _1\"></span>gli <span class=\"_ _16\"></span>effetti <span class=\"_ _1\"></span>degli <span class=\"_ _16\"></span>strumenti <span class=\"_ _16\"></span>f<span class=\"_ _3\"></span>inanziari <span class=\"_ _16\"></span>prodotti <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico </span></span></span></span></span>e pat<span class=\"_ _2\"></span>rimonio <span class=\"_ _2\"></span>netto <span class=\"_ _1\"></span>che comprendo<span class=\"_ _2\"></span>no pr<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ncipalmente <span class=\"_ _1\"></span>gli utili <span class=\"_ _1\"></span>e le <span class=\"_ _1\"></span>perdite derivan<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span>dall\u2019acquisto <span class=\"_ _1\"></span>e dalla <span class=\"_ _1\"></span>vendita di <span class=\"_ _14\"></span>attivit\u00e0 <span class=\"_ _14\"></span>o <span class=\"_ _14\"></span>passivit\u00e0 <span class=\"_ _14\"></span>finanzia<span class=\"_ _2\"></span>rie <span class=\"_ _14\"></span>nonch\u00e9 <span class=\"_ _14\"></span>dalle <span class=\"_ _14\"></span>variazioni <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>valore <span class=\"_ _14\"></span>degli <span class=\"_ _14\"></span>strumen<span class=\"_ _2\"></span>ti <span class=\"_ _14\"></span>finanziari <span class=\"_ _14\"></span>valutati <span class=\"_ _14\"></span>al <span class=\"_ _7\"></span><span class=\"ff26\">fair </span>value <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>dagli <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>nteressi <span class=\"_ _1\"></span>attivi/ <span class=\"_ _2\"></span>passivi <span class=\"_ _1\"></span>maturati sul<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>attivit\u00e0/passivi<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _2\"></span>finanziarie <span class=\"_ _1\"></span>valutate a<span class=\"_ _2\"></span>l cos<span class=\"_ _2\"></span>to a<span class=\"_ _2\"></span>mmortizzato<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span> No<span class=\"_ _3\"></span>ta<span class=\"_ _6a\"> </span><span class=\"ff2a\">31<span class=\"_ _1\"></span>/12<span class=\"_ _2\"></span>/2<span class=\"_ _1\"></span>022<span class=\"_ _a3\"> </span>31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _2\"></span>21</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>tti (pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>dite<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tte<span class=\"_ _14\"></span>) r<span class=\"_ _2\"></span>ile<span class=\"_ _6\"></span>vati s<span class=\"_ _6\"></span>u a<span class=\"_ _1\"></span>ttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ai<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>ue<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>ll\u2019u<span class=\"_ _1\"></span>tile<span class=\"_ _6\"></span> (pe<span class=\"_ _6\"></span>rd<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>) di e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>ioAltr<span class=\"_ _1\"></span>i s<span class=\"_ _6\"></span>tru<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nti d<span class=\"_ _2\"></span>i cap<span class=\"_ _1\"></span>ital<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>da e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>naz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>tab<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _275\"> </span><span class=\"ff29 ls7b\">10</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>tti (pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>dite<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tte<span class=\"_ _14\"></span>) r<span class=\"_ _2\"></span>ile<span class=\"_ _6\"></span>vati s<span class=\"_ _6\"></span>u a<span class=\"_ _1\"></span>ttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>to<span class=\"_ _3\"></span> a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>rti<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>toAttivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _16\"></span>ieAcc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ento<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> fon<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> s<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>ut<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _276\"> </span><span class=\"ff29\">8<span class=\"_ _af\"> </span>(1,<span class=\"_ _2\"></span>2)<span class=\"_ _277\"> </span>(0,<span class=\"_ _2\"></span>9)</span>Uti<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>(perd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>te) <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>eri<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> dal<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>'e<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>mi<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tabi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>merci<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>ers<span class=\"_ _3\"></span>i<span class=\"_ _8a\"> </span><span class=\"ff29 fc1\">9<span class=\"_ _af\"> </span>(0,1<span class=\"_ _1\"></span>)</span>Uti<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>(perd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>te) <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>eri<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> dal<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>'e<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>mi<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tabi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e3\"> </span><span class=\"ff29 fc1 ls7b\">10<span class=\"_ _af\"> </span><span class=\"ls0\">(0,3<span class=\"_ _1\"></span>)</span></span>Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ut<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _16\"></span>presi<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span> ri<span class=\"_ _1\"></span>pri<span class=\"_ _16\"></span>sti<span class=\"_ _16\"></span>ni<span class=\"_ _278\"> </span>10<span class=\"_ _af\"> </span><span class=\"ls0\">(0,1<span class=\"_ _2\"></span>)<span class=\"_ _277\"> </span>(0,1<span class=\"_ _2\"></span>)</span>Pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>da e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>naz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>tab<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _275\"> </span><span class=\"ff29 ls7b\">11</span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>da ri<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>ego<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _cc\"> </span><span class=\"ff29 ls7b\">11</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>tti (pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>dite<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tte<span class=\"_ _14\"></span>) r<span class=\"_ _2\"></span>ile<span class=\"_ _6\"></span>vati s<span class=\"_ _6\"></span>u in<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>tim<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nti<span class=\"_ _2\"></span> in s<span class=\"_ _6\"></span>tr<span class=\"_ _1\"></span>um<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nti di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>pi<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>ti al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ai<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>ue<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>ile<span class=\"_ _3\"></span>v<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>l co<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>nomico <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>pl<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivoAltr<span class=\"_ _1\"></span>i s<span class=\"_ _6\"></span>tru<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nti d<span class=\"_ _2\"></span>i cap<span class=\"_ _1\"></span>ital<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>da vari<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>r <span class=\"_ _3\"></span>val<span class=\"_ _16\"></span>ue<span class=\"_ _26f\"> </span><span class=\"ff29 ls7b\">18<span class=\"_ _11d\"> </span><span class=\"ls0\">(0,1<span class=\"_ _1\"></span>)</span></span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>tti (pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>dite<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tte<span class=\"_ _14\"></span>) r<span class=\"_ _2\"></span>ile<span class=\"_ _6\"></span>vati s<span class=\"_ _6\"></span>u d<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>ati cas<span class=\"_ _3\"></span>h f<span class=\"_ _1\"></span>lo<span class=\"_ _3\"></span>w<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>he<span class=\"_ _6\"></span>dgeDe<span class=\"_ _6\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ti di<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ad<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>pu<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _16\"></span>pl<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vo<span class=\"_ _72\"> </span>33<span class=\"_ _d7\"> </span><span class=\"ls0\">1<span class=\"_ _2\"></span>,7<span class=\"_ _b0\"> </span>0,6</span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>pu<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1f0\"> </span>11<span class=\"_ _af\"> </span><span class=\"ls0\">(0,<span class=\"_ _2\"></span>2)<span class=\"_ _277\"> </span>(0,<span class=\"_ _1\"></span>5)</span>Inte<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i attivi (pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivi) al<span class=\"_ _2\"></span> tas<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> di<span class=\"_ _2\"></span> inte<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span> e<span class=\"_ _6\"></span>f<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ttivo<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ati s<span class=\"_ _6\"></span>ul<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> atti<span class=\"_ _1\"></span>v<span class=\"_ _6\"></span>it\u00e0<span class=\"_ _1\"></span>/pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> no<span class=\"_ _3\"></span>n a<span class=\"_ _1\"></span>l FV<span class=\"_ _1\"></span>PTLIn<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>su cre<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>/fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>enti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costo<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>amm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _16\"></span>z<span class=\"_ _1\"></span>zato<span class=\"_ _279\"> </span>11<span class=\"_ _d7\"> </span><span class=\"ls0\">0<span class=\"_ _2\"></span>,2<span class=\"_ _b0\"> </span>0,1</span>In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su p<span class=\"_ _2\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>osto<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ort<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>zz<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>to<span class=\"_ _27a\"> </span>11<span class=\"_ _af\"> </span><span class=\"ls0\">(1,7<span class=\"_ _2\"></span>)<span class=\"_ _277\"> </span>(1,8<span class=\"_ _2\"></span>)</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ocaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _fa\"> </span>11<span class=\"_ _7a\"> </span><span class=\"ls0\">(3,<span class=\"_ _2\"></span>2)<span class=\"_ _277\"> </span>(3,<span class=\"_ _2\"></span>2)</span>Sp<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>is<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ioni non in<span class=\"_ _2\"></span>clus<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> ne<span class=\"_ _6\"></span>l tas<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span> di in<span class=\"_ _1\"></span>te<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span> e<span class=\"_ _14\"></span>f<span class=\"_ _16\"></span>f<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ttivoP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costo<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>amm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _16\"></span>z<span class=\"_ _1\"></span>zato<span class=\"_ _fd\"> </span>11<span class=\"_ _7a\"> </span><span class=\"ls0\">(5,<span class=\"_ _1\"></span>0)<span class=\"_ _eb\"> </span>(5<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>)</span>43<span class=\"ls0\">.<span class=\"fc0\"> V<span class=\"_ _1\"></span>ariaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span>ta <span class=\"_ _2\"></span>dei<span class=\"_ _2\"></span> de<span class=\"_ _2\"></span>bit<span class=\"_ _1\"></span>i fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iari e<span class=\"_ _1\"></span> di a<span class=\"_ _2\"></span>ltre<span class=\"_ _1\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 f<span class=\"_ _1\"></span>inanz<span class=\"_ _1\"></span>iarie <span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>pre<span class=\"_ _1\"></span>ssa ne<span class=\"_ _1\"></span>l ren<span class=\"_ _2\"></span>dic<span class=\"_ _1\"></span>onto </span></span>fi<span class=\"_ _2\"></span>nanz<span class=\"_ _1\"></span>iario Si riportano <span class=\"_ _2\"></span>di segu<span class=\"_ _2\"></span>ito le va<span class=\"_ _2\"></span>riazioni de<span class=\"_ _2\"></span>i debiti <span class=\"_ _2\"></span>finanziari <span class=\"_ _1\"></span>e delle altre attivit\u00e0 finanziarie. <span class=\"_ _1\"></span>La tabella consen<span class=\"_ _2\"></span>te di riconciliare i<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>monetari <span class=\"_ _3\"></span>espressi <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>rendiconto <span class=\"_ _3\"></span>finanziario <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>totale <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>variazioni <span class=\"_ _3\"></span>registrate, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>il periodo in esame, ne<span class=\"_ _2\"></span>l prospetto re<span class=\"_ _2\"></span>lativo allo stato p<span class=\"_ _2\"></span>atrimoniale con<span class=\"_ _2\"></span>solidato. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _270\"> </span><span class=\"ff2a\">3<span class=\"_ _1\"></span>1/1<span class=\"_ _1\"></span>2/2<span class=\"_ _2\"></span>02<span class=\"_ _1\"></span>2</span>31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _2\"></span>21Flu<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>i d<span class=\"_ _2\"></span>i                V<span class=\"_ _16\"></span>ar<span class=\"_ _16\"></span>ia<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i n<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ta<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _3\"></span>               cas<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>aIncr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>me<span class=\"_ _3\"></span>nti V<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>oni ar<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>a<span class=\"_ _2\"></span> di Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> ne<span class=\"_ _6\"></span>tti le<span class=\"_ _6\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>sco<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntov<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>niDebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _27b\"> </span><span class=\"ff29\">-<span class=\"_ _240\"> </span>71<span class=\"_ _1\"></span>,8</span>76<span class=\"_ _1\"></span>,0(5,<span class=\"_ _2\"></span>0)-0,<span class=\"_ _2\"></span>8Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _224\"> </span>-<span class=\"_ _27c\"> </span><span class=\"ff29\">(1,<span class=\"_ _2\"></span>0)</span>(0,<span class=\"_ _2\"></span>2)(0,<span class=\"_ _2\"></span>1)-(0,<span class=\"_ _2\"></span>7)Deri<span class=\"_ _1\"></span>vati<span class=\"_ _27d\"> </span>-<span class=\"_ _27c\"> </span><span class=\"ff29\">(1<span class=\"_ _1\"></span>,3)</span>0,<span class=\"_ _2\"></span>2-(1,<span class=\"_ _2\"></span>5)-V<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>one<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tta<span class=\"_ _2\"></span> de<span class=\"_ _6\"></span>i de<span class=\"_ _6\"></span>bi<span class=\"_ _2\"></span>ti 76<span class=\"_ _1\"></span>,0(5,<span class=\"_ _2\"></span>1)-<span class=\"_ _240\"> </span><span class=\"ff2a\">69<span class=\"_ _1\"></span>,5</span>(1,<span class=\"_ _2\"></span>5)0,<span class=\"_ _2\"></span>1f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _1\"></span>i e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>di a<span class=\"_ _1\"></span>ltr<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> (attivit\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span>)Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>po<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>de<span class=\"_ _27e\"> </span>-<span class=\"_ _240\"> </span><span class=\"ff29\">54<span class=\"_ _1\"></span>,3</span>11<span class=\"_ _1\"></span>3,0(58<span class=\"_ _1\"></span>,7)--Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>corrent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>erso ban<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>he<span class=\"_ _5f\"> </span>-<span class=\"_ _e6\"> </span>-----Dis<span class=\"_ _6\"></span>ponib<span class=\"_ _1\"></span>ilit\u00e0<span class=\"_ _1\"></span> liqu<span class=\"_ _1\"></span>ide<span class=\"_ _6\"></span> e<span class=\"_ _14\"></span> me<span class=\"_ _6\"></span>z<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span> 11<span class=\"_ _1\"></span>3,0(58<span class=\"_ _1\"></span>,7)-<span class=\"_ _240\"> </span><span class=\"ff2a\">54<span class=\"_ _1\"></span>,3</span>--e<span class=\"_ _6\"></span>qui<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>ale<span class=\"_ _6\"></span>ntiInd<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bita<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>(dis<span class=\"_ _3\"></span>ponib<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _1\"></span>) (37<span class=\"_ _1\"></span>,0)53<span class=\"_ _1\"></span>,6-<span class=\"_ _240\"> </span><span class=\"ff2a\">15<span class=\"_ _1\"></span>,2</span>(1,<span class=\"_ _2\"></span>5)0,<span class=\"_ _2\"></span>1f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>ttoPa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _2\"></span> pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>be<span class=\"_ _6\"></span>ni in<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>le<span class=\"_ _6\"></span>as<span class=\"_ _3\"></span>ing<span class=\"_ _172\"> </span><span class=\"ff2a\">4,5<span class=\"_ _1f0\"> </span>1<span class=\"_ _1\"></span>62<span class=\"_ _2\"></span>,4</span>18<span class=\"_ _1\"></span>4,8(26<span class=\"_ _1\"></span>,9)--Si<span class=\"ls0\"> <span class=\"_ _6\"></span>evidenzia <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>debit<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>verso <span class=\"_ _6\"></span>banche <span class=\"_ _6\"></span><span class=\"ls6\">in</span> <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>corrente, <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>previsto <span class=\"_ _6\"></span>dai <span class=\"_ _14\"></span>princi<span class=\"_ _2\"></span>pi <span class=\"_ _14\"></span>cont<span class=\"_ _2\"></span>abili <span class=\"_ _7\"></span>internazional<span class=\"_ _2\"></span>i, </span>concorrono alla <span class=\"_ _2\"></span>variazione <span class=\"_ _2\"></span>delle disponibil<span class=\"_ _2\"></span>it\u00e0 liquide e <span class=\"_ _2\"></span>mezzi equivalent<span class=\"_ _2\"></span>i. 44. A<span class=\"_ _1\"></span>mmonta<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>i compe<span class=\"_ _1\"></span>nsi a<span class=\"_ _2\"></span>gli<span class=\"_ _1\"></span> orga<span class=\"_ _2\"></span>ni <span class=\"_ _2\"></span>soc<span class=\"_ _2\"></span>ial<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> Con <span class=\"_ _8\"></span>riferimento <span class=\"_ _8\"></span>a <span class=\"_ _15\"> </span>Cairo <span class=\"_ _8\"></span>Communica<span class=\"_ _2\"></span>tion <span class=\"_ _15\"> </span>ed <span class=\"_ _8\"></span>alle <span class=\"_ _8\"></span>sue <span class=\"_ _8\"></span>soc<span class=\"_ _3\"></span>iet\u00e0 <span class=\"_ _8\"></span>controllate, <span class=\"_ _8\"></span>diverse <span class=\"_ _8\"></span>da <span class=\"_ _8\"></span>quelle <span class=\"_ _8\"></span>appartenenti <span class=\"_ _8\"></span>al Gruppo <span class=\"_ _4\"> </span>RCS, <span class=\"_ _5\"> </span>sono <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>seguito <span class=\"_ _5\"> </span>fornite <span class=\"_ _4\"> </span>le <span class=\"_ _4\"> </span>informazioni <span class=\"_ _4\"> </span>in <span class=\"_ _5\"> </span>forma <span class=\"_ _4\"> </span>aggregata <span class=\"_ _4\"> </span>relative <span class=\"_ _4\"> </span>ai <span class=\"_ _5\"> </span>compens<span class=\"_ _2\"></span>i <span class=\"_ _4\"> </span>agli Amministratori, <span class=\"_ _2\"></span>ai S<span class=\"_ _2\"></span>indaci, ai <span class=\"_ _2\"></span>Direttori <span class=\"_ _2\"></span>Generali e <span class=\"_ _1\"></span>ai Dirigenti con <span class=\"_ _1\"></span>responsabilit\u00e0 strategiche nelle <span class=\"_ _2\"></span>varie for<span class=\"_ _2\"></span>me in cui sono stati <span class=\"_ _2\"></span>loro corris<span class=\"_ _2\"></span>posti: Figur<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>pons<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>bil<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>tr<span class=\"_ _1\"></span>ate<span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>icaCo<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span> s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>iCo<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti de<span class=\"_ _6\"></span>l De<span class=\"_ _6\"></span>biti d<span class=\"_ _1\"></span>iv<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>i e<span class=\"_ _14\"></span> al<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> (RAL)pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0co<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiCo<span class=\"_ _1\"></span>nsi<span class=\"_ _16\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Am<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>ni<span class=\"_ _16\"></span>strazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> - e<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>um<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i(0,<span class=\"_ _1\"></span>3)--Co<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gi<span class=\"_ _0\"></span>o Si<span class=\"_ _0\"></span>nd<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>- e<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ol<span class=\"_ _16\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti(0,<span class=\"_ _1\"></span>1)-0,<span class=\"_ _1\"></span>1Am<span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>trato<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> del<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gati(1,<span class=\"_ _1\"></span>0)(0,<span class=\"_ _1\"></span>8)0,<span class=\"_ _1\"></span>5Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span> re<span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>nsab<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>strategi<span class=\"_ _16\"></span>ca(0,<span class=\"_ _1\"></span>3)(1,<span class=\"_ _1\"></span>9)0,<span class=\"_ _1\"></span>4Totale(1,<span class=\"_ _1\"></span>7)(2,<span class=\"_ _1\"></span>7)1,<span class=\"_ _1\"></span>0Tali <span class=\"_ _7\"></span>informazioni <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>analizzate <span class=\"_ _14\"></span>in <span class=\"_ _8\"> </span>dettaglio <span class=\"_ _7\"></span>nell\u2019ap<span class=\"ff21\">posita <span class=\"_ _7\"></span>Relazione <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>remunerazion<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>redatta <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>sensi </span>dell\u2019art. 123-ter de<span class=\"_ _2\"></span>l TUF. Il <span class=\"_ _14\"></span>bilancio <span class=\"_ _14\"></span>consolidato <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>Cairo <span class=\"_ _14\"></span>Communication <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _14\"></span>2022 <span class=\"_ _14\"></span>include <span class=\"_ _14\"></span>inoltre, <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>7,8 <span class=\"_ _14\"></span>milioni,<span class=\"_ _2\"></span> compensi agli Amministrat<span class=\"_ _2\"></span>ori, ai Sindaci e ai Dirigenti con responsabilit\u00e0 strategi<span class=\"_ _2\"></span>che riconducibili al Gruppo RCS come di segu<span class=\"_ _2\"></span>ito dettagliato<span class=\"_ _2\"></span>: Fi<span class=\"_ _2\"></span>g<span class=\"_ _3\"></span>ur<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>po<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>ab<span class=\"_ _1\"></span>ilit\u00e0<span class=\"_ _1\"></span> s<span class=\"_ _14\"></span>tr<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span>g<span class=\"_ _6\"></span>icaCo<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti pe<span class=\"_ _6\"></span>r s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>iCo<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti de<span class=\"_ _6\"></span>l De<span class=\"_ _14\"></span>b<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span> dive<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>i e<span class=\"_ _14\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)p<span class=\"_ _2\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> (RAL)a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0co<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiCo<span class=\"_ _1\"></span>nsi<span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> A<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>straz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e(4<span class=\"_ _2\"></span>,3<span class=\"_ _1\"></span>)-<span class=\"_ _180\"> </span><span class=\"ff29\">1<span class=\"_ _2\"></span>,5</span>Co<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>egi<span class=\"_ _0\"></span>o S<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> - <span class=\"_ _3\"></span>emo<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>enti(0<span class=\"_ _2\"></span>,2<span class=\"_ _1\"></span>)-<span class=\"_ _180\"> </span><span class=\"ff29\">0<span class=\"_ _2\"></span>,2</span>Di<span class=\"_ _16\"></span>ri<span class=\"_ _16\"></span>gen<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span> re<span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>nsab<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>strate<span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ca-<span class=\"_ _263\"> </span><span class=\"ff29\">(3<span class=\"_ _2\"></span>,3<span class=\"_ _1\"></span>)<span class=\"_ _180\"> </span>0,5</span>Totale(4<span class=\"_ _2\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _263\"> </span>(3,3<span class=\"_ _1\"></span>)<span class=\"_ _180\"> </span>2,2Per <span class=\"_ _7\"></span>le <span class=\"_ _14\"></span>figure <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _14\"></span>RCS <span class=\"_ _7\"></span>indentifica <span class=\"_ _14\"></span>come <span class=\"_ _7\"></span>figure <span class=\"_ _7\"></span>con <span class=\"_ _14\"></span>responsabilit\u00e0 <span class=\"_ _14\"></span>strategica <span class=\"_ _14\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>rimanda<span class=\"_ _6\"></span> <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>quanto elencato <span class=\"_ _d\"> </span>ne<span class=\"_ _1\"></span>lla <span class=\"_ _d\"> </span>Sezione <span class=\"_ _1d1\"> </span>I <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>R<span class=\"_ _2\"></span>elazione <span class=\"_ _1d1\"> </span>sulla <span class=\"_ _d\"> </span>Remuneraz<span class=\"_ _2\"></span>ione <span class=\"_ _d\"> </span>pu<span class=\"_ _1\"></span>bbl<span class=\"_ _3\"></span>icata <span class=\"_ _d\"> </span>su <span class=\"_ _27f\"> </span>sito <span class=\"_ _27f\"> </span>internet Per <span class=\"_ _3\"></span>ulteriori <span class=\"_ _3\"></span>informazioni circa <span class=\"_ _3\"></span>gli <span class=\"_ _6\"></span>impegni <span class=\"_ _3\"></span>verso l<span class=\"_ _3\"></span>e f<span class=\"_ _3\"></span>igure <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>responsabilit\u00e0 strategica <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>RCS<span class=\"_ _3\"></span> MediaGroup S.p.A. <span class=\"ls34\">si</span> riman<span class=\"_ _2\"></span>da a quanto desc<span class=\"_ _2\"></span>ritto nella Relazion<span class=\"_ _2\"></span>e sulla Remuneraz<span class=\"_ _2\"></span>ione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>RCS <span class=\"_\"> </span>pubblicat<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>sul <span class=\"_ _3\"></span>sito <span class=\"_ _3\"></span>internet 45. F<span class=\"_ _1\"></span>atti <span class=\"_ _1\"></span>di ril<span class=\"_ _2\"></span>ie<span class=\"_ _2\"></span>vo a<span class=\"_ _1\"></span>ccadut<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>dal<span class=\"_ _2\"></span>la <span class=\"_ _1\"></span>chius<span class=\"_ _2\"></span>ura<span class=\"_ _1\"></span> dell\u2019e<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>rc<span class=\"_ _2\"></span>izi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> Non <span class=\"ls4a\">si</span> <span class=\"_ _2\"></span>sono <span class=\"_ _1\"></span>verificati event<span class=\"_ _2\"></span>i success<span class=\"_ _2\"></span>ivi <span class=\"_ _2\"></span>alla c<span class=\"_ _2\"></span>hiusura <span class=\"_ _1\"></span><span class=\"ff24\">dell\u2019esercizio<span class=\"ff21\"> t<span class=\"_ _2\"></span>ali da<span class=\"_ _1\"></span> richiedere <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ettifiche <span class=\"_ _3\"></span>ai valori esposti </span></span>rispetto <span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>quanto <span class=\"_ _1\"></span>gi\u00e0 <span class=\"_ _1\"></span>riportato <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>presente <span class=\"_ _1\"></span>Relazione <span class=\"_ _1\"></span>Finanziaria <span class=\"_ _16\"></span>Annu<span class=\"_ _1\"></span>ale.<span class=\"_ _2\"></span> 46. <span class=\"_ _1\"></span>Tra<span class=\"_ _2\"></span>nsa<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>ivanti <span class=\"_ _2\"></span>da <span class=\"_ _16\"></span>ope<span class=\"_ _1\"></span>razio<span class=\"_ _2\"></span>ni <span class=\"_ _16\"></span>atip<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>he e<span class=\"_ _2\"></span>/o <span class=\"_ _1\"></span>inusua<span class=\"_ _1\"></span>li o <span class=\"_ _2\"></span>non<span class=\"_ _2\"></span> r<span class=\"_ _2\"></span>icor<span class=\"_ _1\"></span>renti Ai sensi della <span class=\"_ _3\"></span>Comunicazio<span class=\"_ _2\"></span>ne Consob del <span class=\"_ _3\"></span>28 luglio 2006 n. DEM/6064296, si <span class=\"_ _3\"></span>precisa che nel corso <span class=\"_ _3\"></span>del 202<span class=\"_ _6\"></span>2 Cairo <span class=\"_ _11\"> </span>Communication <span class=\"_ _12\"> </span>non <span class=\"_ _11\"> </span>ha <span class=\"_ _11\"> </span>posto <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>ess<span class=\"_ _2\"></span>ere <span class=\"_ _11\"> </span>operazioni <span class=\"_ _12\"> </span>atipiche <span class=\"_ _11\"> </span>e/o <span class=\"_ _11\"> </span>inusuali, <span class=\"_ _11\"> </span>cos\u00ec <span class=\"_ _11\"> </span>come <span class=\"_ _11\"> </span>definite <span class=\"_ _11\"> </span>dalla Comunicazione s<span class=\"_ _2\"></span>tessa. Il conto <span class=\"_ _3\"></span>economico consolidato<span class=\"_ _2\"></span> i<span class=\"_ _3\"></span>nclude inoltre oneri e <span class=\"_ _3\"></span>proventi di <span class=\"_ _3\"></span>natura non ricorrente come analizzati nella precedente No<span class=\"_ _2\"></span>ta 12.<span class=\"ff23 fsb\"> </span>ELENCO PARTECIPAZIONI <span class=\"ls52\">DI</span> <span class=\"_ _2\"></span>GRUPPO AL <span class=\"_ _1\"></span>31 DICEMBRE <span class=\"ls14\">2022</span> Allegato 1<span class=\"_ _1\"></span> Nelle <span class=\"_\"> </span>seguenti <span class=\"_ _280\"> </span>tabelle <span class=\"_\"> </span>si <span class=\"_\"> </span>riporta <span class=\"_\"> </span>l\u2019elenco <span class=\"_\"> </span>delle <span class=\"_\"> </span>imp<span class=\"_ _3\"></span>rese <span class=\"_\"> </span>del <span class=\"_\"> </span>Gruppo <span class=\"_ _280\"> </span><span class=\"ff2b\">Cairo <span class=\"_\"> </span>Com<span class=\"_ _3\"></span>munication <span class=\"_\"> </span>con <span class=\"_ _12\"> </span></span>l\u2019indicazion<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>della<span class=\"_ _3\"></span> denominaz<span class=\"_ _3\"></span>ione, <span class=\"_ _16\"></span>della <span class=\"_ _16\"></span>sed<span class=\"_ _3\"></span>e, <span class=\"_ _16\"></span>del <span class=\"_ _16\"></span>capitale <span class=\"_ _16\"></span>sociale <span class=\"_ _16\"></span>delle<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>quote <span class=\"_ _1\"></span>possedute <span class=\"_ _1\"></span>direttam<span class=\"_ _3\"></span>ente <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>indirettamente <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>contro<span class=\"_ _3\"></span>llante <span class=\"_ _1\"></span>Cairo Communication<span class=\"_ _3\"></span> S.p.A. e <span class=\"_ _1\"></span><span class=\"lsb\">da<span class=\"ls0\"> ciascuna delle controllate, d<span class=\"_ _3\"></span>elle modalit\u00e0 di consolidam<span class=\"_ _3\"></span>ento.<span class=\"_ _3\"></span> </span></span>Socie<span class=\"_ _6\"></span>t\u00e0<span class=\"_ _a2\"> </span>Se<span class=\"_ _3\"></span>deCap<span class=\"_ _1\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>taSocie<span class=\"_ _6\"></span>t\u00e0 pa<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _14\"></span>ci-% Par<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>ip.% Ar<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a di<span class=\"_ _2\"></span> attivit\u00e0Cr<span class=\"_ _2\"></span>ite<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>di<span class=\"_ _2\"></span> s<span class=\"_ _6\"></span>oc<span class=\"_ _3\"></span>ial<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> al pa<span class=\"_ _1\"></span>ntedi<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ttaCo<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lid.co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>olida31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>22me<span class=\"_ _3\"></span>ntoCai<span class=\"_ _1\"></span>ro Com<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>uni<span class=\"_ _16\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n S<span class=\"_ _2\"></span>.p.A.<span class=\"_ _162\"> </span>Mi<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _19\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>.98<span class=\"_ _1\"></span>9.66<span class=\"_ _1\"></span>3<span class=\"_ _25\"> </span><span class=\"fc0\">E<span class=\"_ _1\"></span>uro</span></span>P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _24c\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _1\"></span>eCai<span class=\"_ _1\"></span>ro Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tore S.p.A. <span class=\"_ _e3\"> </span>M<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _19\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.04<span class=\"_ _1\"></span>3.25<span class=\"_ _1\"></span>6<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _1\"></span>ro 99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>5<span class=\"_ _9\"> </span>99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>95Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>In<span class=\"_ _1\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _16\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.La 7 S.p.A.<span class=\"_ _282\"> </span>Ro<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2b\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>02<span class=\"_ _1\"></span>0.0<span class=\"_ _2\"></span>00<span class=\"_ _283\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _1\"></span>ro 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _284\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>va<span class=\"_ _a\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _16\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.Cai<span class=\"_ _1\"></span>roRCS<span class=\"_ _2\"></span> Medi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> S.p.A.<span class=\"_ _79\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _285\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>0.0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _283\"> </span><span class=\"fc0\">Euro</span></span>Cai<span class=\"_ _1\"></span>ro 50<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0Co<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.79<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>5P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0Int<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gral<span class=\"_ _1\"></span>eRCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 50<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0S.p<span class=\"_ _2\"></span>.A.Cai<span class=\"_ _1\"></span>ro Ne<span class=\"_ _3\"></span>twork<span class=\"_ _1\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>. <span class=\"_ _e3\"> </span>M<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _19\"> </span><span class=\"fc1\">5<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>50<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _1\"></span>ro 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _284\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00Operatore di<span class=\"_ _16\"></span> re<span class=\"_ _3\"></span>te<span class=\"_ _24c\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _16\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.Cai<span class=\"_ _1\"></span>ro P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>shi<span class=\"_ _16\"></span>ng<span class=\"_ _2\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _20a\"> </span>M<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _168\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _283\"> </span><span class=\"fc0\">Euro</span></span>Cai<span class=\"_ _1\"></span>ro 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _284\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>In<span class=\"_ _1\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _16\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.Il<span class=\"_ _1\"></span> Trov<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>to<span class=\"_ _2\"></span>re <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _a7\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _168\"> </span><span class=\"fc1\">25<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _1\"></span>ro 80<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _9\"> </span>80<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Int<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rnet <span class=\"_ _e\"> </span>Int<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gral<span class=\"_ _1\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Anabasi<span class=\"_ _1\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.<span class=\"_ _e7\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span> <span class=\"_ _249\"> </span>1<span class=\"_ _1\"></span>0.20<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _149\"> </span>Cai<span class=\"_ _16\"></span>ro Edi<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>re <span class=\"_ _3\"></span>S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _228\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>9<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>95<span class=\"_ _114\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> S.p.A.<span class=\"_ _152\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span> <span class=\"_ _1c5\"> </span><span class=\"fc1\">27<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Cai<span class=\"_ _1\"></span>ro 59<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _9\"> </span>59<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>69Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>In<span class=\"_ _1\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _16\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.My<span class=\"_ _1\"></span>Be<span class=\"_ _3\"></span>auty<span class=\"_ _1\"></span>Box<span class=\"_ _2\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _18c\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _168\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 90<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _9\"> </span>53<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>72Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _16\"></span>eS.p<span class=\"_ _2\"></span>.A.Bl<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>. <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>n l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>dazi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _e2\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _19\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.54<span class=\"_ _1\"></span>8.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _24c\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _10a\"> </span>Ro<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _2b\"> </span><span class=\"fc1\">1.0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _283\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _1\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span> S.p.A.<span class=\"_ _d5\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _19\"> </span><span class=\"fc1\">1.0<span class=\"_ _1\"></span>00<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _1\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>do<span class=\"_ _1\"></span>va S.p.A.<span class=\"_ _222\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _285\"> </span><span class=\"fc1\">50<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Co<span class=\"_ _2\"></span>nso<span class=\"_ _1\"></span>rzi<span class=\"_ _16\"></span>o Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _2\"></span> Mara<span class=\"_ _3\"></span>th<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S<span class=\"_ _2\"></span>.r.l<span class=\"_ _1\"></span>.<span class=\"_ _287\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _168\"> </span>20<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _19\"> </span>RCS<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Sp<span class=\"_ _1\"></span>ort S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _228\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69<span class=\"_ _206\"> </span><span class=\"fc0\">Servi<span class=\"_ _16\"></span>zi<span class=\"_ _288\"> </span>Int<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gral<span class=\"_ _1\"></span>e</span>RCS Sp<span class=\"_ _1\"></span>ort S<span class=\"_ _2\"></span>.p.A.<span class=\"_ _ab\"> </span>Mi<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _285\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69Serv<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _288\"> </span>Integral<span class=\"_ _16\"></span>eS.p<span class=\"_ _2\"></span>.A.So<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> Spo<span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>Di<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ttant<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> RCS Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _168\"> </span>10<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _19\"> </span>RCS<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Sp<span class=\"_ _1\"></span>ort S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _228\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69<span class=\"_ _206\"> </span><span class=\"fc0\">Servi<span class=\"_ _16\"></span>zi<span class=\"_ _288\"> </span>Int<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gral<span class=\"_ _1\"></span>e</span>Acti<span class=\"_ _1\"></span>ve Te<span class=\"_ _3\"></span>am a r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.Socie<span class=\"_ _6\"></span>t\u00e0<span class=\"_ _2f\"> </span>S<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>deCap<span class=\"_ _1\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _1\"></span>alu<span class=\"_ _2\"></span>taSocie<span class=\"_ _6\"></span>t\u00e0 % Par<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>ip.% Co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>olid.<span class=\"_ _147\"> </span>A<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>attivit\u00e0Cri<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>io di s<span class=\"_ _6\"></span>oc<span class=\"_ _3\"></span>ial<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> al pa<span class=\"_ _1\"></span>rte<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ipa<span class=\"_ _1\"></span>ntedir<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>ttaco<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>olida<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nto31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2RCS Sp<span class=\"_ _1\"></span>orts &amp; <span class=\"_ _3\"></span>Ev<span class=\"_ _2\"></span>ents S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _55\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _221\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>agro<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _164\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Di<span class=\"_ _1\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Factory<span class=\"_ _2\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _af\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _14a\"> </span><span class=\"fc1\">50<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>agro<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9Tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>vo<span class=\"_ _74\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Sfera <span class=\"_ _3\"></span>Servi<span class=\"_ _16\"></span>ce<span class=\"_ _3\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.<span class=\"_ _180\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _6b\"> </span><span class=\"fc1\">52<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>agro<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9Servi<span class=\"_ _16\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _63\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Tro<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>ol<span class=\"_ _16\"></span>avo<span class=\"_ _2\"></span>ro S<span class=\"_ _2\"></span>.r.l<span class=\"_ _2\"></span>.<span class=\"_ _1ad\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _14a\"> </span><span class=\"fc1\">67<span class=\"_ _1\"></span>4.41<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>agro<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _164\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.M-Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>buz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> Medi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> S.p.A.<span class=\"_ _14b\"> </span>Mi<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _285\"> </span><span class=\"fc1\">6.3<span class=\"_ _2\"></span>92<span class=\"_ _1\"></span>.72<span class=\"_ _2\"></span>7<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>aGro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9Di<span class=\"_ _1\"></span>stri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _228\"> </span>Integral<span class=\"_ _16\"></span>eS.p<span class=\"_ _2\"></span>.A.MDM M<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _2\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> Medi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _14a\"> </span><span class=\"fc1\">61<span class=\"_ _1\"></span>1.76<span class=\"_ _1\"></span>5<span class=\"_ _281\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>buz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 56<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1bf\"> </span>33<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>3Di<span class=\"_ _1\"></span>stri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _228\"> </span>Integral<span class=\"_ _16\"></span>eS.r.l<span class=\"_ _1\"></span>.Medi<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>S.p.A.P<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>eroni<span class=\"_ _16\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.<span class=\"_ _206\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _14a\"> </span><span class=\"fc1\">75<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>buz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 51<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1bf\"> </span>30<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>4Di<span class=\"_ _1\"></span>stri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _228\"> </span>Integral<span class=\"_ _16\"></span>eMedi<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>S.p.A.TO-di<span class=\"_ _16\"></span>s S.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.<span class=\"_ _e4\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _14a\"> </span><span class=\"fc1\">51<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>M-Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>buz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9Di<span class=\"_ _1\"></span>stri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _228\"> </span>Integral<span class=\"_ _16\"></span>eMedi<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>S.p.A.Em<span class=\"_ _1\"></span>ox<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _1be\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _6b\"> </span>10<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span>Euro<span class=\"_ _11\"> </span>Ec<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>oz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 5D S.L.<span class=\"_ _1f\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>41<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>8<span class=\"_ _15e\"> </span><span class=\"fc0\">Servi<span class=\"_ _16\"></span>zi<span class=\"_ _1bf\"> </span>Integral<span class=\"_ _1\"></span>e</span>Canal<span class=\"_ _1\"></span> Mun<span class=\"_ _1\"></span>do<span class=\"_ _2\"></span> Radi<span class=\"_ _1\"></span>o Catal<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> S.L.<span class=\"_ _148\"> </span>Barcel<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>na<span class=\"_ _228\"> </span>3.0<span class=\"_ _1\"></span>10<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _34\"> </span>Uni<span class=\"_ _1\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span> </span>99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>99<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8<span class=\"_ _284\"> </span><span class=\"fc0\">Radi<span class=\"_ _16\"></span>ofo<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>co<span class=\"_ _228\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>S.A.Corp<span class=\"_ _1\"></span>oraci<span class=\"_ _1\"></span>\u00f3n<span class=\"_ _2\"></span> Ra<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>of\u00f3<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> Madri<span class=\"_ _16\"></span>d<span class=\"_ _54\"> </span><span class=\"fc1\">9<span class=\"_ _2\"></span>00<span class=\"_ _1\"></span>.12<span class=\"_ _2\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Unedi<span class=\"_ _16\"></span>sa<span class=\"_ _3\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8Radi<span class=\"_ _16\"></span>ofo<span class=\"_ _2\"></span>ni<span class=\"_ _16\"></span>co<span class=\"_ _228\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eInfo<span class=\"_ _1\"></span>rmaci<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>y Depo<span class=\"_ _2\"></span>rte S.L.U.Com<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s S.L.U.Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>es <span class=\"_ _3\"></span>C\u00f3n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>S.A.<span class=\"_ _6d\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _54\"> </span>43<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>.72<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _1\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> </span>99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>40<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,3<span class=\"_ _1\"></span>3<span class=\"_ _10c\"> </span><span class=\"fc0\">Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>S.A.Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ervi<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>os Madri<span class=\"_ _16\"></span>d 20<span class=\"_ _1\"></span>00<span class=\"_ _2\"></span> S.L.U.<span class=\"_ _15d\"> </span>Madri<span class=\"_ _1\"></span>d<span class=\"_ _54\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>1.0<span class=\"_ _1\"></span>00<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eRevi<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tas <span class=\"_ _3\"></span>S.L.U.Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> Edi<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Lo<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> Val<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nci<span class=\"_ _1\"></span>a<span class=\"_ _1e\"> </span><span class=\"fc1\">1.7<span class=\"_ _1\"></span>32.3<span class=\"_ _1\"></span>45<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _34\"> </span>Uni<span class=\"_ _1\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span> </span></span>87<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>23<span class=\"_ _79\"> </span> <span class=\"_ _1a6\"> </span> <span class=\"_ _189\"> </span> S.L. S.A.Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> 11<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>22<span class=\"_ _1bf\"> </span>58<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>6Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eInfo<span class=\"_ _1\"></span>rmaci<span class=\"_ _1\"></span>\u00f2n<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>eneral<span class=\"_ _1\"></span> S.L.U.La Esfe<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>de l<span class=\"_ _1\"></span>os Li<span class=\"_ _1\"></span>bro<span class=\"_ _1\"></span>s <span class=\"_ _3\"></span>S.L.<span class=\"_ _114\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _221\"> </span>48<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>75<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1bf\"> </span>44<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>6<span class=\"_ _10c\"> </span><span class=\"fc0\">Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>S.A.Unedi<span class=\"_ _16\"></span>sa<span class=\"_ _3\"></span> Com<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>es <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _14a\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _54\"> </span>6<span class=\"_ _2\"></span>10<span class=\"_ _1\"></span>.000<span class=\"_ _283\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8<span class=\"_ _35\"> </span><span class=\"fc0\">Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>medi<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>e</span>S.A.Unedi<span class=\"_ _16\"></span>sa<span class=\"_ _3\"></span> Tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>es <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _1a\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _285\"> </span>1.10<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8<span class=\"_ _35\"> </span><span class=\"fc0\">Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>medi<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>e</span>S.A.Unedi<span class=\"_ _16\"></span>sa<span class=\"_ _3\"></span> Tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>es <span class=\"_ _3\"></span>de Val<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nci<span class=\"_ _1\"></span>a<span class=\"_ _164\"> </span><span class=\"fc1\">3.0<span class=\"_ _1\"></span>10<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Unedi<span class=\"_ _16\"></span>sa<span class=\"_ _3\"></span> 51<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>16<span class=\"_ _1bf\"> </span>30<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>3Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>eLevant<span class=\"_ _2\"></span>e S.L.Tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>com<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>ones S.L.U.Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> S.A.<span class=\"_ _16f\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _35\"> </span><span class=\"fc1\">12<span class=\"_ _1\"></span>5.89<span class=\"_ _1\"></span>6.89<span class=\"_ _1\"></span>8<span class=\"_ _281\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>agro<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p 99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>99<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Uni<span class=\"_ _16\"></span>dad Li<span class=\"_ _16\"></span>beral<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Radi<span class=\"_ _1\"></span>o S<span class=\"_ _2\"></span>.L.<span class=\"_ _a3\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _221\"> </span>10<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _1\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span> </span>55<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1bf\"> </span>32<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>3<span class=\"_ _35\"> </span><span class=\"fc0\">Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e</span>S.A.Uni<span class=\"_ _16\"></span>dad d<span class=\"_ _2\"></span>e Medi<span class=\"_ _1\"></span>os Di<span class=\"_ _1\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>S.L.<span class=\"_ _14a\"> </span>Madri<span class=\"_ _1\"></span>d<span class=\"_ _74\"> </span>3.0<span class=\"_ _2\"></span>00<span class=\"_ _283\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>50<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1bf\"> </span>29<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>4<span class=\"_ _1f\"> </span><span class=\"fc0\">P<span class=\"_ _6\"></span>u<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>t\u00e1<span class=\"_ _164\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e</span>S.A.Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> Info<span class=\"_ _2\"></span>rm<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>\u00f2n<span class=\"_ _1\"></span> Madri<span class=\"_ _16\"></span>d<span class=\"_ _285\"> </span><span class=\"fc1\">4.42<span class=\"_ _1\"></span>3.04<span class=\"_ _1\"></span>3<span class=\"_ _281\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span></span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8<span class=\"_ _35\"> </span><span class=\"fc0\">Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>medi<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>e</span>Deport<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>va <span class=\"_ _3\"></span>S.L.U.S.A.Socie<span class=\"_ _6\"></span>t\u00e0<span class=\"_ _1bb\"> </span>S<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>deCap<span class=\"_ _1\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _1\"></span>alu<span class=\"_ _2\"></span>taSocie<span class=\"_ _6\"></span>t\u00e0 % Par<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>cip.% Co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lid.Ar<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a d<span class=\"_ _2\"></span>i Cr<span class=\"_ _2\"></span>ite<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _6\"></span>oc<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> al<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>rte<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ipa<span class=\"_ _1\"></span>ntedir<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>ttaatti<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>it\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lida<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nto31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Info<span class=\"_ _1\"></span>rmaci<span class=\"_ _1\"></span>\u00f2n<span class=\"_ _1\"></span> Mad<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _15d\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>02<span class=\"_ _2\"></span>.12<span class=\"_ _1\"></span>0<span class=\"_ _28a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span></span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>68<span class=\"_ _249\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>Econ<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>S.L.U.S.A.Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Fo<span class=\"_ _1\"></span>rmaci<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span> S.L.U.<span class=\"_ _28b\"> </span>Mad<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _9\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>69<span class=\"_ _1\"></span>3.00<span class=\"_ _1\"></span>0<span class=\"_ _28a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uned<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>sa 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>68Tel<span class=\"_ _1\"></span>evi<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vo<span class=\"_ _74\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eTel<span class=\"_ _1\"></span>ec<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s S.L.U.Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Info<span class=\"_ _1\"></span>rmaci<span class=\"_ _1\"></span>\u00f2n<span class=\"_ _1\"></span> Mad<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _15d\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>02<span class=\"_ _2\"></span>.12<span class=\"_ _1\"></span>0<span class=\"_ _28a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span></span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>68<span class=\"_ _249\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>G<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>neral<span class=\"_ _1\"></span> S.L.U.S.A.Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Revi<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tas <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _222\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _9\"> </span>1.1<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>5.9<span class=\"_ _1\"></span>20<span class=\"_ _28c\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>68<span class=\"_ _249\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>S.A.Ecom<span class=\"_ _1\"></span>oz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 5D S.L.<span class=\"_ _247\"> </span>Ba<span class=\"_ _3\"></span>rce<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _14a\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _28a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Sfera Edi<span class=\"_ _16\"></span>tores 70<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>4<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>78Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>eEsp<span class=\"_ _2\"></span>ana S.L.Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Sp<span class=\"_ _1\"></span>orts&amp;Ev<span class=\"_ _2\"></span>ents Mad<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _162\"> </span><span class=\"fc1\">6.00<span class=\"_ _1\"></span>0<span class=\"_ _28c\"> </span><span class=\"fc0\">Euro<span class=\"_ _28d\"> </span>Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> </span></span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>69<span class=\"_ _249\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>S.L.US.A.Veo Tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.A.<span class=\"_ _b1\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _15d\"> </span>76<span class=\"_ _1\"></span>9.82<span class=\"_ _1\"></span>4<span class=\"_ _28c\"> </span><span class=\"fc0\">Euro<span class=\"_ _28d\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _2\"></span> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>68<span class=\"_ _1e\"> </span><span class=\"fc0\">Tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>vo<span class=\"_ _74\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>e</span>S.A.Sfera Edi<span class=\"_ _16\"></span>tores Espana S.L.<span class=\"_ _110\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>a<span class=\"_ _14a\"> </span><span class=\"fc1\">17<span class=\"_ _1\"></span>4.0<span class=\"_ _2\"></span>00<span class=\"_ _28b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS M<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>69Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Sfera Edi<span class=\"_ _16\"></span>tores Mexi<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o S<span class=\"_ _2\"></span>.A.Co<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> 11<span class=\"_ _1\"></span>.28<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0MX<span class=\"_ _1\"></span>NRCS M<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>99<span class=\"_ _1\"></span>9Anz<span class=\"_ _1\"></span>uresS.p<span class=\"_ _2\"></span>.A.59<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>69Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>/Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>iInt<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gral<span class=\"_ _1\"></span>eSfera Servi<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> Srl<span class=\"_ _d5\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>01</span>Sfera France <span class=\"_ _3\"></span>SAS <span class=\"_ _a7\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>gi<span class=\"_ _222\"> </span><span class=\"fc1\">24<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _28a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Sfera Edi<span class=\"_ _16\"></span>tores 66<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>70<span class=\"_ _110\"> </span>3<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>81Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>eEsp<span class=\"_ _2\"></span>ana S.L.Hot<span class=\"_ _2\"></span>el<span class=\"_ _1\"></span>yo<span class=\"_ _2\"></span> S.A.<span class=\"_ _28e\"> </span>Ch<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>ass<span class=\"_ _3\"></span>o<span class=\"_ _15d\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _287\"> </span><span class=\"fc0\">CHF</span></span>RCS M<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>69Di<span class=\"_ _1\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.RCS S<span class=\"_ _2\"></span>po<span class=\"_ _1\"></span>rts a<span class=\"_ _3\"></span>nd<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Ev<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nts DMCC<span class=\"_ _6a\"> </span>Dub<span class=\"_ _2\"></span>ai<span class=\"_ _118\"> </span><span class=\"fc1\">20<span class=\"_ _2\"></span>.07<span class=\"_ _1\"></span>7<span class=\"_ _28c\"> </span><span class=\"fc0\">Euro</span></span>RCS S<span class=\"_ _2\"></span>po<span class=\"_ _1\"></span>rts &amp;<span class=\"_ _3\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>69Serv<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _63\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>eEv<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nts S.r.l<span class=\"_ _1\"></span>.Societ\u00e0 consolidate<span class=\"_ _3\"></span> con il metodo del Patrimonio<span class=\"_ _3\"></span> Netto Socie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _80\"> </span>Se<span class=\"_ _6\"></span>deCap<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> V<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>utaSocie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _1\"></span> % Ar<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a di<span class=\"_ _1\"></span> Cr<span class=\"_ _2\"></span>ite<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>le<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _14\"></span>cipa<span class=\"_ _1\"></span>ntePa<span class=\"_ _1\"></span>rte<span class=\"_ _6\"></span>cip.a<span class=\"_ _2\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2di<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ttaQui<span class=\"_ _0\"></span>bee <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _8b\"> </span><span class=\"fc1\">Tori<span class=\"_ _0\"></span>no<span class=\"_ _287\"> </span>15<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>3<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS M<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>agro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 3<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _288\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o NettoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o C.S.E.D.I.<span class=\"_ _23\"> </span>Mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _19\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>.29<span class=\"_ _1\"></span>1<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>M-Di<span class=\"_ _16\"></span>s D<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e 2<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _288\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>o Ne<span class=\"_ _3\"></span>ttoMed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> S.p.A.P<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>eron<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> Di<span class=\"_ _1\"></span>stri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _288\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>o Ne<span class=\"_ _3\"></span>ttoS.r.l<span class=\"_ _16\"></span>.Li<span class=\"_ _16\"></span>g<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> press <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>. <span class=\"_ _2d\"> </span>G<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _281\"> </span><span class=\"fc1\">24<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>M-Di<span class=\"_ _16\"></span>s D<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e 4<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _288\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>o Ne<span class=\"_ _3\"></span>ttoMed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> S.p.A.G<span class=\"_ _1\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> Servi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _1a0\"> </span>M<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _19\"> </span><span class=\"fc1\">7<span class=\"_ _1\"></span>89<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>4<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>4<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>M-Di<span class=\"_ _16\"></span>s D<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e 2<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _288\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>o Ne<span class=\"_ _3\"></span>ttoMed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> S.p.A.Co<span class=\"_ _2\"></span>rp<span class=\"_ _1\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Bermo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t S.L.<span class=\"_ _204\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _1c7\"> </span>2<span class=\"_ _1\"></span>1.00<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.10<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Euro<span class=\"_ _284\"> </span>Uni<span class=\"_ _16\"></span>d<span class=\"_ _2\"></span>ad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> </span>3<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Stam<span class=\"_ _1\"></span>pa<span class=\"_ _288\"> </span>P<span class=\"_ _3\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>o Ne<span class=\"_ _3\"></span>tto</span>S.A.Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Catal<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>S.A.<span class=\"_ _78\"> </span>Ba<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _28a\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.10<span class=\"_ _1\"></span>1<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _1\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _288\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o NettoBerm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t S.L.Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Im<span class=\"_ _1\"></span>presi<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.L.<span class=\"_ _eb\"> </span>M<span class=\"_ _2\"></span>adri<span class=\"_ _16\"></span>d<span class=\"_ _19\"> </span><span class=\"fc1\">3<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>85<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _1\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _288\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o NettoBerm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t S.L.Cal<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>nt S<span class=\"_ _2\"></span>.L. <span class=\"_ _f7\"> </span>Va<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _36\"> </span><span class=\"fc1\">1.8<span class=\"_ _1\"></span>56<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _1\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> 3<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>8St<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _288\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o NettoBerm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t S.L.Escuel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> de Coci<span class=\"_ _16\"></span>na Te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>va S.L.<span class=\"_ _67\"> </span>Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _28b\"> </span><span class=\"fc1\">61<span class=\"_ _1\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Euro</span></span>Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span> C\u00f3n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span> 5<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Fo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _169\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o NettoS.A.Soc<span class=\"_ _3\"></span>ie<span class=\"_ _6\"></span>t\u00e0<span class=\"_ _80\"> </span>Se<span class=\"_ _6\"></span>deCap<span class=\"_ _1\"></span>ital<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> V<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>taSoc<span class=\"_ _3\"></span>ie<span class=\"_ _6\"></span>t\u00e0 p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _14\"></span>ci-% Par<span class=\"_ _16\"></span>te<span class=\"_ _14\"></span>cip.Ar<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a di<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>ite<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>di s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>ciale<span class=\"_ _6\"></span> al<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>ntedi<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ttaa<span class=\"_ _2\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>li-3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2da<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>ntoLagar S.A.<span class=\"_ _215\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _1a\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>50<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>25<span class=\"_ _1\"></span>3<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 6<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Bermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>aP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt Im<span class=\"_ _1\"></span>presi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 4<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00S.L.Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d De<span class=\"_ _3\"></span>po<span class=\"_ _1\"></span>rtes<span class=\"_ _3\"></span> y Esp<span class=\"_ _2\"></span>ec<span class=\"_ _3\"></span>t\u00e1c<span class=\"_ _3\"></span>ul<span class=\"_ _16\"></span>os Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _1a\"> </span><span class=\"fc1\">6<span class=\"_ _1\"></span>00<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uni<span class=\"_ _16\"></span>d<span class=\"_ _2\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> 3<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span>med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>o NettoS.A. <span class=\"_ _3\"></span>(i<span class=\"_ _16\"></span>n l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>qu<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>daz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>)In<span class=\"_ _2\"></span>fo<span class=\"_ _2\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>\u00f2n<span class=\"_ _1\"></span> De<span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _16\"></span>va S.L.U.Ne<span class=\"_ _3\"></span>wspri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> Imp<span class=\"_ _1\"></span>re<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> D<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>S.L.<span class=\"_ _15e\"> </span>Ten<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>fe<span class=\"_ _210\"> </span>9<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span>Euro<span class=\"_ _290\"> </span>TF<span class=\"_ _2\"></span> P<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>nt S.A.<span class=\"_ _221\"> </span>50<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">S<span class=\"_ _2\"></span>tam<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>tto</span>Di<span class=\"_ _1\"></span>stri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Al<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>das <span class=\"_ _3\"></span>S.A<span class=\"_ _16f\"> </span>Sev<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _210\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.20<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> Dos 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoHe<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nas <span class=\"_ _3\"></span>S.L.U.G<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> S.L.<span class=\"_ _27\"> </span>M<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>dri<span class=\"_ _16\"></span>d<span class=\"_ _1d\"> </span><span class=\"fc1\">6.01<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Om<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>pri<span class=\"_ _16\"></span>nt S<span class=\"_ _2\"></span>.A.San<span class=\"_ _2\"></span>ta Mari<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> 2<span class=\"_ _2\"></span>.79<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0Eu<span class=\"_ _1\"></span>roCo<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttod<span class=\"_ _2\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>CamiBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Radi<span class=\"_ _16\"></span>o Sal<span class=\"_ _16\"></span>ud<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.A.<span class=\"_ _2d\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _1a\"> </span><span class=\"fc1\">20<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.78<span class=\"_ _1\"></span>2<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Uned<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>a 3<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Radi<span class=\"_ _16\"></span>ofo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>co<span class=\"_ _1c8\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoCo<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s S.L.U.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> Dos He<span class=\"_ _3\"></span>rman<span class=\"_ _2\"></span>as <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _69\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _e\"> </span><span class=\"fc1\">2.05<span class=\"_ _1\"></span>2.3<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> G<span class=\"_ _1\"></span>\u00fci<span class=\"_ _16\"></span>mar S.L.U.<span class=\"_ _eb\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _e\"> </span><span class=\"fc1\">1.36<span class=\"_ _1\"></span>5.1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> Imp<span class=\"_ _1\"></span>res<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>\u00f2<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> S.L.U.<span class=\"_ _204\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _1d\"> </span><span class=\"fc1\">3.01<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> P<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span> S.L.U<span class=\"_ _3\"></span>.<span class=\"_ _1f7\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _e\"> </span><span class=\"fc1\">3.65<span class=\"_ _1\"></span>2.2<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> R\u00e1<span class=\"_ _3\"></span>bad<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _18e\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _e\"> </span><span class=\"fc1\">1.5<span class=\"_ _1\"></span>50<span class=\"_ _2\"></span>.01<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> Sagu<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span> S.L.U<span class=\"_ _3\"></span>.<span class=\"_ _b1\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _e\"> </span><span class=\"fc1\">2.28<span class=\"_ _1\"></span>1.9<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.TF<span class=\"_ _2\"></span> P<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>nt S.A.San<span class=\"_ _2\"></span>ta Cruz<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>de 1<span class=\"_ _2\"></span>.38<span class=\"_ _1\"></span>2.32<span class=\"_ _1\"></span>8Eu<span class=\"_ _1\"></span>roCo<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 7<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoTeneri<span class=\"_ _16\"></span>feBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Bermo<span class=\"_ _1\"></span>nt Im<span class=\"_ _1\"></span>presi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00S.L.Uni<span class=\"_ _16\"></span>d<span class=\"_ _2\"></span>ad Li<span class=\"_ _16\"></span>bera<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>Ra<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Madri<span class=\"_ _16\"></span>d<span class=\"_ _2\"></span> S.L.<span class=\"_ _63\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _212\"> </span>10<span class=\"_ _1\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Euro<span class=\"_ _283\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>4<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00<span class=\"_ _e\"> </span><span class=\"fc0\">Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>o Netto</span>S.A.Li<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>S.A.<span class=\"_ _110\"> </span>5<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>00In<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>zi<span class=\"_ _16\"></span>ati<span class=\"_ _1\"></span>va Imm<span class=\"_ _16\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Due S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _1fd\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _35\"> </span>5<span class=\"_ _1\"></span>00<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _149\"> </span>Ini<span class=\"_ _16\"></span>mm<span class=\"_ _1\"></span> Due S.\u00e0<span class=\"_ _3\"></span>.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.<span class=\"_ _14a\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _291\"> </span><span class=\"fc0\">Im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>re<span class=\"_ _27f\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> Ne<span class=\"_ _3\"></span>tto</span>In<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _1\"></span> D<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.\u00e0.<span class=\"_ _3\"></span>r.l<span class=\"_ _1\"></span>.<span class=\"_ _7a\"> </span>Lussemb<span class=\"_ _1\"></span>urg<span class=\"_ _1\"></span>o<span class=\"_ _1a\"> </span><span class=\"fc1\">2<span class=\"_ _1\"></span>40<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>95<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span> 2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>re<span class=\"_ _27f\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> Ne<span class=\"_ _3\"></span>ttoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Partecipazioni <span class=\"ls7e\">in</span> altre impr<span class=\"_ _2\"></span>ese Soc<span class=\"_ _3\"></span>ie<span class=\"_ _6\"></span>t\u00e0<span class=\"_ _292\"> </span>Se<span class=\"_ _6\"></span>deCap<span class=\"_ _1\"></span>ital<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> V<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>utaSoc<span class=\"_ _3\"></span>ie<span class=\"_ _6\"></span>t\u00e0 pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _14\"></span>-% Ar<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a di<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>ite<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>di s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> al<span class=\"_ _2\"></span> cipa<span class=\"_ _1\"></span>ntePa<span class=\"_ _1\"></span>rte<span class=\"_ _6\"></span>cip.a<span class=\"_ _2\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>li-3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2di<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ttada<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>ntoAud<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tel<span class=\"_ _1\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _7c\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _293\"> </span>3<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro<span class=\"_ _164\"> </span>La<span class=\"_ _3\"></span> 7 S.p<span class=\"_ _2\"></span>.A<span class=\"_ _118\"> </span>3,<span class=\"_ _1\"></span>33<span class=\"_ _212\"> </span>Tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>vo<span class=\"_ _1d\"> </span>Cost<span class=\"_ _2\"></span>o</span>Ansa So<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _3\"></span>Co<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>era<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>va<span class=\"_ _ad\"> </span>Ro<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _1c8\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>0.7<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>.36<span class=\"_ _1\"></span>2<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>38Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>stoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Cefri<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>S.c.<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _68\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _36\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.17<span class=\"_ _1\"></span>3.39<span class=\"_ _1\"></span>3<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>46Ri<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rca<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>sorz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Ital<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>na<span class=\"_ _d7\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _287\"> </span><span class=\"fc1\">6<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>67Di<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>sul<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>t S.c.<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>n l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>dazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _7e\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _287\"> </span><span class=\"fc1\">20<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>55Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>stoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.H-Farm<span class=\"_ _2\"></span> S.p.A.<span class=\"_ _a8\"> </span>Ro<span class=\"_ _1\"></span>nca<span class=\"_ _3\"></span>de (TV)<span class=\"_ _1c7\"> </span><span class=\"fc1\">12<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>86<span class=\"_ _1\"></span>7.2<span class=\"_ _1\"></span>31<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p 0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>52Serv<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>zi<span class=\"_ _1e\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>AIm<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>orn<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _247\"> </span>Rom<span class=\"_ _1\"></span>a<span class=\"_ _283\"> </span><span class=\"fc1\">83<span class=\"_ _1\"></span>0.4<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>2<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p 7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>49Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>stoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>AItal<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>Ca<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>p S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _8b\"> </span>Rom<span class=\"_ _16\"></span>a<span class=\"_ _28c\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p 2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>91Serv<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>zi<span class=\"_ _1e\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>AMach 2 Li<span class=\"_ _0\"></span>bri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>. <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>azi<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _14f\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _293\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.25<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p 1<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>09Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>stoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>ADi<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Mag<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>S.p.A.<span class=\"_ _246\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _294\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.42<span class=\"_ _1\"></span>8.4<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>7<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>27Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Mp<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>nce <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _73\"> </span>Rom<span class=\"_ _1\"></span>a<span class=\"_ _28c\"> </span><span class=\"fc1\">31<span class=\"_ _1\"></span>.85<span class=\"_ _2\"></span>6<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>68Di<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Fan<span class=\"_ _2\"></span>taki<span class=\"_ _0\"></span>ng<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Interac<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>ve S.r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _91\"> </span>Bresc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _28c\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Di<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Bu<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>fi<span class=\"_ _16\"></span>t S.r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _8b\"> </span>G<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>va<span class=\"_ _28b\"> </span><span class=\"fc1\">28<span class=\"_ _1\"></span>.39<span class=\"_ _1\"></span>6<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Cai<span class=\"_ _1\"></span>ro 2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>eCo<span class=\"_ _2\"></span>stoCo<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>mu<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span> S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span> P<span class=\"_ _6\"></span>u<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>sher Ne<span class=\"_ _3\"></span>twork<span class=\"_ _1\"></span> Mi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _287\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>9.42<span class=\"_ _1\"></span>6<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>51P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1f\"> </span>Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>to(Co<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>sorz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o)S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.G<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rg<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o G<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rg<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span> .<span class=\"_ _3\"></span>  <span class=\"_ _18c\"> </span>Ca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span> (FI)<span class=\"_ _288\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>M-Di<span class=\"_ _16\"></span>s <span class=\"_ _3\"></span>Di<span class=\"_ _1\"></span>stri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e 5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Di<span class=\"_ _1\"></span>stri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoMed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> S.p.A.Cro<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s P<span class=\"_ _6\"></span>ro<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>cc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span> Mu<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _290\"> </span><span class=\"fc1\">3<span class=\"_ _2\"></span>.01<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>Li<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>stoS.L.U.Tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> S.A.\u00c1bsi<span class=\"_ _16\"></span>de Medi<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>S.L.<span class=\"_ _25f\"> </span>M<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>dri<span class=\"_ _16\"></span>d<span class=\"_ _294\"> </span>19<span class=\"_ _1\"></span>.41<span class=\"_ _1\"></span>4.99<span class=\"_ _1\"></span>2<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro<span class=\"_ _284\"> </span>Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>02<span class=\"_ _288\"> </span><span class=\"fc0\">M<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Costo</span>S.A.Di<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>t Si<span class=\"_ _16\"></span>s <span class=\"_ _3\"></span>S.L.<span class=\"_ _93\"> </span>Barc<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _10c\"> </span>3.20<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span>Euro<span class=\"_ _148\"> </span>Ra<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> Sal<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> S.A.<span class=\"_ _222\"> </span>2<span class=\"_ _1\"></span>5,<span class=\"_ _16\"></span>00<span class=\"_ _234\"> </span><span class=\"fc0\">Ra<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>fo<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _14b\"> </span>Co<span class=\"_ _2\"></span>sto</span>Li<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> S.A.<span class=\"_ _46\"> </span>Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _36\"> </span>4.7<span class=\"_ _1\"></span>63<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>26<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro<span class=\"_ _284\"> </span>Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _0\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>16<span class=\"_ _288\"> </span><span class=\"fc0\">M<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Costo</span>S.A.Li<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> P<span class=\"_ _6\"></span>u<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>dad y<span class=\"_ _1\"></span> Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _290\"> </span>3<span class=\"_ _2\"></span>.01<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span>Euro<span class=\"_ _10\"> </span>Li<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> S.A.<span class=\"_ _9\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _28b\"> </span><span class=\"fc0\">P<span class=\"_ _6\"></span>u<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>sto</span>Mark<span class=\"_ _2\"></span>eti<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> S.L.ULi<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> Te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> S.A.<span class=\"_ _247\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _293\"> </span>77<span class=\"_ _1\"></span>5.80<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span>Euro<span class=\"_ _280\"> </span>Li<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>erta<span class=\"_ _3\"></span>d Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> S.A.<span class=\"_ _222\"> </span>9<span class=\"_ _1\"></span>9,<span class=\"_ _16\"></span>66<span class=\"_ _212\"> </span><span class=\"fc0\">Te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>o<span class=\"_ _14b\"> </span>Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>to</span>Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>os de Azahar S.A.<span class=\"_ _a6\"> </span>Ca<span class=\"_ _3\"></span>ste<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>on<span class=\"_ _293\"> </span><span class=\"fc1\">82<span class=\"_ _1\"></span>5.5<span class=\"_ _1\"></span>00<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uni<span class=\"_ _0\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> 6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>12Serv<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>zi<span class=\"_ _1e\"> </span>CostoEd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Lo<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>,<span class=\"_ _1\"></span> S.LNuev<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> MarketP<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.L.<span class=\"_ _e0\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _36\"> </span>4<span class=\"_ _2\"></span>.87<span class=\"_ _1\"></span>6.8<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>8<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _284\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>10<span class=\"_ _288\"> </span><span class=\"fc0\">M<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Costo</span>S.A.P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>Hi<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>o S.A.<span class=\"_ _1da\"> </span>Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _19\"> </span>18<span class=\"_ _1\"></span>5.7<span class=\"_ _1\"></span>42<span class=\"_ _15d\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _295\"> </span>Uni<span class=\"_ _0\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> 8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>53<span class=\"_ _288\"> </span>M<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.A.Wo<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Medi<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>S:<span class=\"_ _16\"></span>L<span class=\"_ _df\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _28b\"> </span>1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>.07<span class=\"_ _1\"></span>5<span class=\"_ _15d\"> </span>Euro<span class=\"_ _284\"> </span>Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00<span class=\"_ _288\"> </span>M<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.A.Yoo<span class=\"_ _1\"></span>deal<span class=\"_ _1\"></span> Ltd<span class=\"_ _3e\"> </span>Cro<span class=\"_ _2\"></span>wbo<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>gh<span class=\"_ _293\"> </span>1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _25e\"> </span>G<span class=\"_ _1\"></span>BPRCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Di<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.RAPPORTI <span class=\"_ _1\"></span>C<span class=\"_ _3\"></span>ON <span class=\"_ _1\"></span>PART<span class=\"_ _3\"></span>I <span class=\"_ _1\"></span>CORREL<span class=\"_ _1\"></span>ATE Allegato 2<span class=\"_ _16\"></span> Nelle seguenti tabelle <span class=\"_ _1\"></span>si riporta <span class=\"ls3e\">il</span> <span class=\"_ _2\"></span>dettaglio dei <span class=\"_ _2\"></span>rapporti con p<span class=\"_ _2\"></span>arti correlate del <span class=\"_ _1\"></span>Gruppo<span class=\"_ _3\"></span> Cairo C<span class=\"_ _1\"></span>ommunic<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ion:Socie<span class=\"_ _6\"></span>t\u00e0 co<span class=\"_ _3\"></span>ntr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>lla<span class=\"_ _1\"></span>ntiCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>i cre<span class=\"_ _6\"></span>d<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _16\"></span> i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>ie<span class=\"_ _6\"></span> f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>leco<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntiU.T. Com<span class=\"_ _16\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _296\"> </span>-<span class=\"_ _b3\"> </span>-<span class=\"_ _eb\"> </span>0,<span class=\"_ _16\"></span>4<span class=\"_ _8a\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _297\"> </span>-<span class=\"_ _b3\"> </span>-<span class=\"_ _18a\"> </span>0<span class=\"_ _3\"></span>,4<span class=\"_ _1ee\"> </span>-Socie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>lle<span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>ateCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Altr<span class=\"_ _1\"></span>i c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti e<span class=\"_ _14\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>atof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>eco<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiG<span class=\"_ _1\"></span>D Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Serv<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ce<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>S.r.l<span class=\"_ _16\"></span>.<span class=\"_ _a5\"> </span>0<span class=\"_ _1\"></span>,2<span class=\"_ _48\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _8a\"> </span>-Tren<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> P<span class=\"_ _6\"></span>res<span class=\"_ _3\"></span>s Servi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _298\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _1f7\"> </span>-<span class=\"_ _8a\"> </span>-Li<span class=\"_ _16\"></span>g<span class=\"_ _1\"></span>uri<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>res<span class=\"_ _3\"></span>s S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _299\"> </span>1<span class=\"_ _1\"></span>,2<span class=\"_ _48\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _8a\"> </span>-In<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Im<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>are<span class=\"_ _3\"></span> D<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.r.l<span class=\"_ _16\"></span>.<span class=\"_ _267\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _1f7\"> </span>-<span class=\"_ _8a\"> </span>-Totale<span class=\"_ _4b\"> </span>1,<span class=\"_ _3\"></span>4<span class=\"_ _da\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _8a\"> </span>-Socie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lle<span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>ate<span class=\"_ _6\"></span> De<span class=\"_ _14\"></span>b<span class=\"_ _2\"></span>iti Altr<span class=\"_ _1\"></span>i de<span class=\"_ _6\"></span>biti<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> De<span class=\"_ _14\"></span>b<span class=\"_ _2\"></span>iti Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>lipa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiG<span class=\"_ _1\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>Servi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _21a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _246\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Li<span class=\"_ _16\"></span>g<span class=\"_ _1\"></span>uri<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>press <span class=\"_ _3\"></span>S.r.l<span class=\"_ _16\"></span>.<span class=\"_ _29a\"> </span>0<span class=\"_ _1\"></span>,1<span class=\"_ _246\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _2a\"> </span>-Co<span class=\"_ _1\"></span>nso<span class=\"_ _1\"></span>rzi<span class=\"_ _0\"></span>o C.S.E.D.<span class=\"_ _3\"></span>I.<span class=\"_ _29b\"> </span>-<span class=\"_ _d4\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t Imp<span class=\"_ _1\"></span>res<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.L. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t)<span class=\"_ _1ee\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _246\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _2a\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> Dos herm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>as <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>,4-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> Sagu<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> S.L.U.<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>ru<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o 1<span class=\"_ _1\"></span>,2<span class=\"_ _103\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Cal<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>t S.l<span class=\"_ _16\"></span>. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t)<span class=\"_ _29c\"> </span>-<span class=\"_ _d4\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Om<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.A. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t)<span class=\"_ _8b\"> </span>0,<span class=\"_ _1\"></span>5<span class=\"_ _246\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t Ca<span class=\"_ _3\"></span>tal<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> S.A.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>nt)<span class=\"_ _23f\"> </span>1,<span class=\"_ _1\"></span>1<span class=\"_ _246\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-TF<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.a.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o Berm<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>nt)<span class=\"_ _22e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _d4\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _2a\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> R\u00e0<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>ade S.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>nt)<span class=\"_ _186\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _246\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _2a\"> </span>-Radi<span class=\"_ _0\"></span>o Sal<span class=\"_ _16\"></span>ud<span class=\"_ _1\"></span> S.A.<span class=\"_ _29d\"> </span>0<span class=\"_ _1\"></span>,2<span class=\"_ _246\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _2a\"> </span>-Escuel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> de c<span class=\"_ _3\"></span>oci<span class=\"_ _16\"></span>na Tel<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>S.L.<span class=\"_ _29e\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,1<span class=\"_ _246\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _2a\"> </span>-</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _4b\"> </span>10<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _58\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Socie<span class=\"_ _6\"></span>t\u00e0 s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>tto<span class=\"_ _3\"></span>pos<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span> al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>llo <span class=\"_ _3\"></span>de<span class=\"_ _6\"></span>ll<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>i cr<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>diti<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> co<span class=\"_ _3\"></span>ntr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>lll<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>tico<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>atof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>leco<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntiTo<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>no<span class=\"_ _1\"></span> FC S<span class=\"_ _2\"></span>.p.A.<span class=\"_ _29f\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _246\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _1bc\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _224\"> </span>0<span class=\"_ _3\"></span>,8<span class=\"_ _58\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _1bc\"> </span>-S<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>cie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>tto<span class=\"_ _3\"></span>pos<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span> al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>llo De<span class=\"_ _6\"></span>biti<span class=\"_ _2\"></span> Altr<span class=\"_ _1\"></span>i de<span class=\"_ _6\"></span>b<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _1\"></span> De<span class=\"_ _6\"></span>biti<span class=\"_ _2\"></span> Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _1\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>lle<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>ntr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>lla<span class=\"_ _1\"></span>ntico<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>atof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>leco<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntiTo<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>no<span class=\"_ _1\"></span> FC S<span class=\"_ _2\"></span>.p.A.<span class=\"_ _29f\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _30\"> </span>-<span class=\"_ _b0\"> </span>-<span class=\"_ _239\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _224\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _97\"> </span>-<span class=\"_ _b0\"> </span>-<span class=\"_ _239\"> </span>-Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>la<span class=\"_ _1\"></span>teCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>i cr<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>diti<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>atof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>leco<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntiS<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ci<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>el<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>gru<span class=\"_ _16\"></span>pp<span class=\"_ _1\"></span>o Del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>Val<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _2a1\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _46\"> </span>-<span class=\"_ _241\"> </span>-<span class=\"_ _239\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _224\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _97\"> </span>-<span class=\"_ _b0\"> </span>-<span class=\"_ _239\"> </span>-Soc<span class=\"_ _3\"></span>ie<span class=\"_ _6\"></span>t\u00e0 co<span class=\"_ _3\"></span>lle<span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>ateRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>tivi<span class=\"_ _256\"> </span>Co<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>iPr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>nti<span class=\"_ _1\"></span> One<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>i(v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>riG<span class=\"_ _1\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>Servi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _2a2\"> </span>0<span class=\"_ _1\"></span>,3<span class=\"_ _23f\"> </span>(0,<span class=\"_ _16\"></span>9)<span class=\"_ _241\"> </span>-<span class=\"_ _26\"> </span>-Escuel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> de c<span class=\"_ _3\"></span>oci<span class=\"_ _16\"></span>na Tel<span class=\"_ _16\"></span>va S.L.<span class=\"_ _2a3\"> </span><span class=\"fc1\">-<span class=\"_ _1bc\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-</span>Li<span class=\"_ _16\"></span>g<span class=\"_ _1\"></span>uri<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>press S.r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _29a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _182\"> </span>(0,<span class=\"_ _16\"></span>3)<span class=\"_ _b0\"> </span>-<span class=\"_ _23a\"> </span>-Co<span class=\"_ _1\"></span>nso<span class=\"_ _1\"></span>rzi<span class=\"_ _0\"></span>o C.S.E.D.<span class=\"_ _3\"></span>I.<span class=\"_ _29b\"> </span>-<span class=\"_ _1bc\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _26\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t Imp<span class=\"_ _1\"></span>res<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.L. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>o -<span class=\"_ _1bc\"> </span>(5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> Dos herm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>as <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _3\"></span> -<span class=\"_ _1bc\"> </span>(2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-(G<span class=\"_ _1\"></span>ru<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Bermo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t)Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> Sag<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>to S<span class=\"_ _2\"></span>.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o -<span class=\"_ _1bc\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Cal<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>t S.l<span class=\"_ _16\"></span>. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t)<span class=\"_ _2a4\"> </span>-<span class=\"_ _97\"> </span>-<span class=\"_ _241\"> </span>-<span class=\"_ _26\"> </span>-Om<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t S.A. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t)<span class=\"_ _2a5\"> </span>-<span class=\"_ _1bc\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t Ca<span class=\"_ _3\"></span>tal<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> S.A.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> -<span class=\"_ _1bc\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)TF<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.a.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o Berm<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>nt)<span class=\"_ _266\"> </span>-<span class=\"_ _1bc\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0)<span class=\"_ _b0\"> </span>-<span class=\"_ _23a\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> R\u00e0<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>ade S.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> -<span class=\"_ _1bc\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Radi<span class=\"_ _0\"></span>o Sal<span class=\"_ _16\"></span>ud<span class=\"_ _1\"></span> S.A.<span class=\"_ _29d\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _182\"> </span>(0,<span class=\"_ _16\"></span>6)<span class=\"_ _b0\"> </span>-<span class=\"_ _23a\"> </span>-In<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Due S.r.l<span class=\"_ _16\"></span>.<span class=\"_ _86\"> </span>-<span class=\"_ _1b7\"> </span>-<span class=\"_ _26\"> </span>-To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _11b\"> </span>0<span class=\"_ _3\"></span>,5<span class=\"_ _180\"> </span>(15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _a6\"> </span><span class=\"ff2b\">-<span class=\"_ _26\"> </span></span>-S<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>cie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>tto<span class=\"_ _3\"></span>pos<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span> al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>llo Rica<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _256\"> </span>Co<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>iPr<span class=\"_ _16\"></span>o<span class=\"_ _6\"></span>ve<span class=\"_ _14\"></span>nti<span class=\"_ _1\"></span> One<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>i f<span class=\"_ _1\"></span>ina<span class=\"_ _16\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>rid<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>lle<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>ntr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>lla<span class=\"_ _1\"></span>ntif<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>i(v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)To<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>no<span class=\"_ _1\"></span> FC S<span class=\"_ _2\"></span>.p.A.<span class=\"_ _29f\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _23f\"> </span>(1,<span class=\"_ _16\"></span>8)<span class=\"_ _176\"> </span>-<span class=\"_ _26\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _224\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _23c\"> </span>(1<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _239\"> </span>-Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>la<span class=\"_ _1\"></span>teRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _167\"> </span>Co<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>iPr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _1\"></span>ti One<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>i(v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>iSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>Va<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _26a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _e4\"> </span>-<span class=\"_ _176\"> </span>-<span class=\"_ _21\"> </span>-So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> P<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>rel<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _219\"> </span>0,<span class=\"_ _16\"></span>1<span class=\"_ _46\"> </span>-<span class=\"_ _aa\"> </span>-<span class=\"_ _3c\"> </span>-Fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>In<span class=\"_ _2\"></span>teg<span class=\"_ _2\"></span>rati<span class=\"_ _16\"></span>vo<span class=\"_ _1\"></span> P<span class=\"_ _6\"></span>revi<span class=\"_ _0\"></span>den<span class=\"_ _1\"></span>za Di<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>gen<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> -<span class=\"_ _1ee\"> </span>(0,<span class=\"_ _16\"></span>3)<span class=\"_ _aa\"> </span>-<span class=\"_ _3c\"> </span>-(FIPDIR)Totale<span class=\"_ _156\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _1ad\"> </span>(0,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _176\"> </span>-<span class=\"_ _3c\"> </span>-Conto <span class=\"_ _2\"></span>economico<span class=\"_ _3\"></span> consolidato <span class=\"_ _1\"></span><span class=\"lsb\">ai<span class=\"ls0\"> sensi <span class=\"_ _1\"></span>della<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Delibera Co<span class=\"_ _3\"></span>nsob n. 15519<span class=\"_ _3\"></span> </span></span>del 27 luglio 200<span class=\"_ _3\"></span>6 Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _16e\"> </span><span class=\"ff2d ls80\">2022</span>di<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di 2021di<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>aco<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>aRi<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span> netti<span class=\"_ _2a6\"> </span>1<span class=\"_ _2\"></span>.06<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>0<span class=\"_ _e7\"> </span>1,<span class=\"_ _1\"></span>7<span class=\"_ _222\"> </span>0,<span class=\"_ _1\"></span>2%<span class=\"_ _55\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _2a7\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _25e\"> </span>0,<span class=\"_ _1\"></span>4%</span>Al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> pro<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>enti<span class=\"_ _88\"> </span>50<span class=\"_ _1\"></span>,4<span class=\"_ _16f\"> </span>-<span class=\"_ _1ff\"> </span> <span class=\"_ _e2\"> </span>39<span class=\"_ _1\"></span>,1<span class=\"_ _1bb\"> </span><span class=\"fc0\">-</span>- d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>rico<span class=\"_ _3\"></span>rr<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _64\"> </span>1,<span class=\"_ _3\"></span>3<span class=\"_ _5e\"> </span><span class=\"ff2b\">-</span>Vari<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>man<span class=\"_ _2\"></span>enz<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> pro<span class=\"_ _1\"></span>do<span class=\"_ _2\"></span>tti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>ti<span class=\"_ _139\"> </span>2,<span class=\"_ _1\"></span>4<span class=\"_ _16f\"> </span>-<span class=\"_ _114\"> </span>-<span class=\"_ _21b\"> </span>0<span class=\"_ _1\"></span>,4<span class=\"_ _e9\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>Co<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>sum<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> pri<span class=\"_ _16\"></span>me,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>sussi<span class=\"_ _16\"></span>di<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _206\"> </span>(11<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)<span class=\"_ _16f\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _32\"> </span>(90<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _217\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>Co<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>per se<span class=\"_ _3\"></span>rvi<span class=\"_ _16\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _17d\"> </span>(4<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>5)<span class=\"_ _32\"> </span>(17<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3)<span class=\"_ _25e\"> </span>3,<span class=\"_ _1\"></span>6%<span class=\"_ _7e\"> </span>(46<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>1)<span class=\"_ _7e\"> </span>(18<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9)<span class=\"_ _25e\"> </span>4,<span class=\"_ _1\"></span>0%- d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>rico<span class=\"_ _3\"></span>rr<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _259\"> </span>(1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _2a8\"> </span>(0,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)Co<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>per go<span class=\"_ _1\"></span>di<span class=\"_ _16\"></span>men<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ben<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> te<span class=\"_ _3\"></span>rz<span class=\"_ _1\"></span>i<span class=\"_ _8b\"> </span>(2<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>1)<span class=\"_ _16f\"> </span>-<span class=\"_ _114\"> </span>-<span class=\"_ _a3\"> </span>(31<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _217\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>Co<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>person<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _269\"> </span>(3<span class=\"_ _1\"></span>17<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4)<span class=\"_ _16f\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _7e\"> </span>(3<span class=\"_ _1\"></span>25<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _217\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>- d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>rico<span class=\"_ _3\"></span>rr<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _232\"> </span>(1,5<span class=\"_ _3\"></span>)<span class=\"_ _2a8\"> </span>(3<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)Am<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ortam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _16\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>anto<span class=\"_ _1\"></span>nam<span class=\"_ _2\"></span>enti<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> sval<span class=\"_ _1\"></span>ut<span class=\"_ _2\"></span>azi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _91\"> </span>(7<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)<span class=\"_ _16f\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _32\"> </span>(76<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _217\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>- di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>ui<span class=\"_ _16\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> ri<span class=\"_ _1\"></span>correnti<span class=\"_ _ac\"> </span>-<span class=\"_ _2a9\"> </span>-Al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rati<span class=\"_ _1\"></span>vi<span class=\"_ _289\"> </span>(2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0)<span class=\"_ _16f\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _32\"> </span>(16<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _217\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>Ris<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>pe<span class=\"_ _3\"></span>ra<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>o<span class=\"_ _175\"> </span>6<span class=\"_ _3\"></span>9,<span class=\"_ _3\"></span>3<span class=\"_ _22a\"> </span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3,<span class=\"_ _3\"></span>1Al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>pro<span class=\"_ _1\"></span>vent<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>) da a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0/passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e (4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1)-<span class=\"_ _114\"> </span>-<span class=\"_ _14d\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _e3\"> </span><span class=\"fc0\">-<span class=\"_ _83\"> </span>-</span>(*<span class=\"_ _2\"></span>*)- di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>ui<span class=\"_ _16\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> ri<span class=\"_ _1\"></span>correnti<span class=\"_ _ac\"> </span>-<span class=\"_ _16e\"> </span>2,<span class=\"_ _1\"></span>4P<span class=\"_ _3\"></span>rov<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>(on<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span>) <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> netti<span class=\"_ _2aa\"> </span>(8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)<span class=\"_ _16f\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _32\"> </span>(11<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _2a7\"> </span>0,<span class=\"_ _1\"></span>2<span class=\"_ _1f\"> </span>-1,<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>%- di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>ui<span class=\"_ _16\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> ri<span class=\"_ _1\"></span>correnti<span class=\"_ _ac\"> </span>-<span class=\"_ _299\"> </span>2,<span class=\"_ _1\"></span>4Ris<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>pr<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span> de<span class=\"_ _6\"></span>lle<span class=\"_ _6\"></span> im<span class=\"_ _2\"></span>pos<span class=\"_ _6\"></span>te<span class=\"_ _265\"> </span>56<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _1b9\"> </span>96<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7Im<span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>ste del<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>\u2019es<span class=\"_ _3\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>o<span class=\"_ _a5\"> </span>(4<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _19c\"> </span>-<span class=\"_ _114\"> </span>-<span class=\"_ _21b\"> </span>(1<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>8)<span class=\"_ _2a7\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>- di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>ui<span class=\"_ _16\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> ri<span class=\"_ _1\"></span>correntiRis<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tto <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>lle<span class=\"_ _6\"></span> attivit\u00e0 in<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>ntin<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _a6\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _1b9\"> </span>79<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9Ri<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ul<span class=\"_ _16\"></span>tato n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>tto<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>ce<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>ate<span class=\"_ _d9\"> </span>-<span class=\"_ _16f\"> </span>-<span class=\"_ _114\"> </span>-<span class=\"_ _19c\"> </span>-<span class=\"_ _e3\"> </span><span class=\"fc0\">-<span class=\"_ _83\"> </span>-</span>Ris<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tto <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>ll\u2019e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>rciz<span class=\"_ _1\"></span>io<span class=\"_ _215\"> </span><span class=\"ff2d\">5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _1b9\"> </span>79<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9</span>(*)  <span class=\"_ _1\"></span>  L<span class=\"_ _1\"></span>e o<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>erazi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ni con<span class=\"_ _3\"></span> l<span class=\"_ _2\"></span>e pa<span class=\"_ _3\"></span>rti <span class=\"_ _2\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>elate s<span class=\"_ _6\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>e all<span class=\"_ _1\"></span>a s<span class=\"_ _6\"></span>uc<span class=\"_ _3\"></span>ce<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>iva n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span> 4<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span> dell<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> N<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span> es<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>ive.Stato <span class=\"_ _1\"></span>Patri<span class=\"_ _3\"></span>moniale<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>conso<span class=\"_ _3\"></span>lidato <span class=\"lsb\">ai</span> <span class=\"_ _16\"></span>se<span class=\"_ _3\"></span>nsi della <span class=\"_ _1\"></span>Delibera Co<span class=\"_ _3\"></span>nsob n. 15519<span class=\"_ _3\"></span> del 27 luglio 200<span class=\"_ _3\"></span>6 Attivit\u00e031<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _6\"></span>mb<span class=\"_ _1\"></span>redi<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di 31<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _6\"></span>mb<span class=\"_ _1\"></span>redi<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro2022co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>a2021co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>aIm<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>, i<span class=\"_ _16\"></span>nv<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>sti<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>enti<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>, i<span class=\"_ _16\"></span>mp<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>chi<span class=\"_ _16\"></span>nari<span class=\"_ _19c\"> </span>1<span class=\"_ _2\"></span>10<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2ab\"> </span>5<span class=\"_ _2\"></span>7,<span class=\"_ _16\"></span>0Di<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _16\"></span> d\u2019u<span class=\"_ _2\"></span>so su<span class=\"_ _2\"></span> ben<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>ng<span class=\"_ _2ac\"> </span><span class=\"ff2b\">1<span class=\"_ _2\"></span>46<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _27a\"> </span>16<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>5</span>Atti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _2a9\"> </span>99<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>2<span class=\"_ _27a\"> </span>98<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>1P<span class=\"_ _3\"></span>arte<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>paz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _251\"> </span>3<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>3<span class=\"_ _2ab\"> </span>32<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2Credi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>per 1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2ad\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3stru<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _16\"></span> deri<span class=\"_ _1\"></span>vatiAl<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _1b9\"> </span>4,<span class=\"_ _1\"></span>3<span class=\"_ _25d\"> </span>4,<span class=\"_ _1\"></span>7Atti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>per i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>ste a<span class=\"_ _3\"></span>nti<span class=\"_ _16\"></span>ci<span class=\"_ _1\"></span>pate<span class=\"_ _219\"> </span>8<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>0<span class=\"_ _2ab\"> </span>86<span class=\"_ _1\"></span>,8Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>vit\u00e0 non co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nti<span class=\"_ _25c\"> </span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,3<span class=\"_ _2ae\"> </span>1.<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,6Ri<span class=\"_ _16\"></span>manen<span class=\"_ _1\"></span>ze<span class=\"_ _c8\"> </span>3<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2ab\"> </span>19<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6Credi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _10d\"> </span>26<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>3<span class=\"_ _70\"> </span>0,<span class=\"_ _1\"></span>6<span class=\"_ _25e\"> </span>0,<span class=\"_ _1\"></span>2%<span class=\"_ _67\"> </span>28<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _7e\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _15d\"> </span>0<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>%Credi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> verso con<span class=\"_ _1\"></span>trol<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>anti<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> col<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gate e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>soci<span class=\"_ _1\"></span>ate<span class=\"_ _5a\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _6e\"> </span>2,<span class=\"_ _1\"></span>6<span class=\"_ _212\"> </span>1<span class=\"_ _1\"></span>00<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0%<span class=\"_ _d8\"> </span>2,<span class=\"_ _1\"></span>9<span class=\"_ _7e\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2af\"> </span>9<span class=\"_ _2\"></span>8,<span class=\"_ _16\"></span>8%Credi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>versi<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span>d al<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _61\"> </span>86<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2ab\"> </span>6<span class=\"_ _2\"></span>1,<span class=\"_ _16\"></span>3Al<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _2ac\"> </span>1,<span class=\"_ _16\"></span>9<span class=\"_ _2ad\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3Di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>de e <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ezz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>val<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _271\"> </span>54<span class=\"_ _1\"></span>,3<span class=\"_ _27a\"> </span>1<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>,0Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>vit\u00e0 co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti<span class=\"_ _23e\"> </span>44<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,8<span class=\"_ _21a\"> </span>48<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>vit\u00e0<span class=\"_ _11a\"> </span>18<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,1<span class=\"_ _2ae\"> </span>1<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,5Pa<span class=\"_ _1\"></span>trim<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span> e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>Pa<span class=\"_ _2\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ivit\u00e0<span class=\"_ _73\"> </span>31<span class=\"_ _3\"></span> dice<span class=\"_ _6\"></span>mb<span class=\"_ _1\"></span>redi<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di 31<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _6\"></span>mb<span class=\"_ _1\"></span>redi<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di 2022co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>a2021co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>aCapi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> soci<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _26f\"> </span>7,<span class=\"_ _16\"></span>0<span class=\"_ _2ad\"> </span>7,<span class=\"_ _1\"></span>0Ri<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>erva s<span class=\"_ _3\"></span>ov<span class=\"_ _1\"></span>rapp<span class=\"_ _2\"></span>rezz<span class=\"_ _1\"></span>o az<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _175\"> </span>22<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>2<span class=\"_ _2b0\"> </span>2<span class=\"_ _2\"></span>24<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2Uti<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(P<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>te) di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ese<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>prece<span class=\"_ _3\"></span>den<span class=\"_ _1\"></span>ti<span class=\"_ _87\"> </span>2<span class=\"_ _2\"></span>61<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _27a\"> </span>23<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>2Uti<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> del<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>\u2019es<span class=\"_ _3\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2b1\"> </span><span class=\"ff2b\">3<span class=\"_ _2\"></span>2,<span class=\"_ _16\"></span>1<span class=\"_ _17d\"> </span>5<span class=\"_ _2\"></span>1,<span class=\"_ _16\"></span>0</span>P<span class=\"_ _3\"></span>atri<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>o n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>tto<span class=\"_ _2\"></span> di<span class=\"_ _16\"></span> perti<span class=\"_ _16\"></span>nenz<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rup<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _264\"> </span>5<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2b0\"> </span>51<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4Capi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>se<span class=\"_ _3\"></span>rve di<span class=\"_ _16\"></span> perti<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>za di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>terz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _58\"> </span>3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>1,<span class=\"_ _16\"></span>8<span class=\"_ _2b0\"> </span>33<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>3Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>trim<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _6\"></span>tto<span class=\"_ _289\"> </span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>6,<span class=\"_ _3\"></span>8<span class=\"_ _21a\"> </span>8<span class=\"_ _3\"></span>47<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _265\"> </span>40<span class=\"_ _1\"></span>,0<span class=\"_ _2ab\"> </span>3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>oca<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _46\"> </span>1<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>,6<span class=\"_ _27a\"> </span>1<span class=\"_ _2\"></span>54<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9Trattam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nto<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>ne rapp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rto<span class=\"_ _289\"> </span>4<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _17d\"> </span>4<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>8Fo<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>schi<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ed on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _274\"> </span>27<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _17d\"> </span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 per i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>oste di<span class=\"_ _16\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _2b2\"> </span>1<span class=\"_ _2\"></span>63<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _27a\"> </span>16<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>1Al<span class=\"_ _1\"></span>tre passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _2b3\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2ad\"> </span>1,<span class=\"_ _1\"></span>2Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>non co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti<span class=\"_ _2b4\"> </span>40<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _2a2\"> </span>4<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e<span class=\"_ _267\"> </span>31<span class=\"_ _1\"></span>,8<span class=\"_ _14d\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _6e\"> </span>36<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _7e\"> </span>0<span class=\"_ _1\"></span>,8<span class=\"_ _222\"> </span>2,<span class=\"_ _1\"></span>2%P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 c<span class=\"_ _3\"></span>orrent<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>per con<span class=\"_ _2\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>ocazi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _2f\"> </span>28<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _17d\"> </span>2<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>9Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> verso forn<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2a6\"> </span>3<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>,1<span class=\"_ _27a\"> </span>2<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> verso con<span class=\"_ _1\"></span>trol<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>anti<span class=\"_ _16\"></span>, col<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>egate e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>soci<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _2b5\"> </span>1<span class=\"_ _2\"></span>1,<span class=\"_ _16\"></span>8<span class=\"_ _157\"> </span>11<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _212\"> </span>1<span class=\"_ _1\"></span>00<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>%<span class=\"_ _2b6\"> </span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _7e\"> </span>7,<span class=\"_ _1\"></span>5<span class=\"_ _212\"> </span>1<span class=\"_ _1\"></span>00<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>%Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> tri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>tari<span class=\"_ _159\"> </span>23<span class=\"_ _1\"></span>,7<span class=\"_ _2ab\"> </span>20<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2Quo<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>brev<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> te<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ne fon<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span>d o<span class=\"_ _1\"></span>neri<span class=\"_ _2b7\"> </span>3<span class=\"_ _2\"></span>2,<span class=\"_ _16\"></span>0<span class=\"_ _17d\"> </span>3<span class=\"_ _2\"></span>0,<span class=\"_ _16\"></span>7Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>versi<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>tre <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 c<span class=\"_ _3\"></span>orrent<span class=\"_ _1\"></span>i<span class=\"_ _d9\"> </span>10<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>4<span class=\"_ _27a\"> </span>11<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>orr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti<span class=\"_ _175\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,6<span class=\"_ _21a\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _29d\"> </span>94<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,3<span class=\"_ _21a\"> </span>9<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,8Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>trim<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _6\"></span>tto <span class=\"_ _3\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ivit\u00e0<span class=\"_ _2b7\"> </span>1<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,1<span class=\"_ _2ae\"> </span>1<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,5(*)  <span class=\"_ _1\"></span>  L<span class=\"_ _1\"></span>e o<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>eraz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _3\"></span>i con<span class=\"_ _3\"></span> l<span class=\"_ _2\"></span>e pa<span class=\"_ _3\"></span>rti <span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rrel<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> al<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a s<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ces<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _2\"></span>va<span class=\"_ _3\"></span> no<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a 40<span class=\"_ _1\"></span> d<span class=\"_ _3\"></span>ell<span class=\"_ _1\"></span>e Not<span class=\"_ _3\"></span>e es<span class=\"_ _6\"></span>p<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span>cat<span class=\"_ _3\"></span>ive.Informazioni <span class=\"lsb\">ai</span> <span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ensi <span class=\"ff2e\">dell\u2019art.</span> <span class=\"_ _0\"></span><span class=\"lsb\">149<span class=\"ls0\">-duodecies del </span></span>Regolamento Emittenti Conso<span class=\"_ _3\"></span>b<span class=\"_ _3\"></span> App<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>dic<span class=\"_ _2\"></span>e Il <span class=\"_ _280\"> </span>seguen<span class=\"_ _3\"></span>te <span class=\"_ _280\"> </span>prosp<span class=\"_ _3\"></span>etto, <span class=\"_ _280\"> </span>redatto <span class=\"_ _10\"> </span>ai <span class=\"_ _280\"> </span>sensi <span class=\"_ _10\"> </span>dell\u2019<span class=\"_ _3\"></span>art. <span class=\"_ _280\"> </span>14<span class=\"_ _3\"></span>9-<span class=\"ff31\">duodecies <span class=\"_ _280\"> </span></span>d<span class=\"_ _3\"></span>el <span class=\"_ _280\"> </span>Rego<span class=\"_ _3\"></span>lamento <span class=\"_ _280\"> </span>Emittenti <span class=\"_ _10\"> </span>CONSOB, <span class=\"_ _10\"> </span>evidenzia <span class=\"_ _10\"> </span>i corrispettivi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>competenza <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>corrente <span class=\"_ _6\"></span>esercizio <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>evisione <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>uelli <span class=\"_ _6\"></span>diversi <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>alla <span class=\"_ _6\"></span>revisione <span class=\"_ _6\"></span>resi <span class=\"_ _6\"></span>dalla<span class=\"_ _6\"></span> stessa societ\u00e0 di rev<span class=\"_ _3\"></span>isione. (Va<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)<span class=\"_ _219\"> </span><span class=\"ff2d\">Sog<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>tto<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>che<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>ha<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>rog<span class=\"_ _3\"></span>ato il</span>Co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>is<span class=\"_ _6\"></span>pe<span class=\"_ _6\"></span>ttiv<span class=\"_ _3\"></span>i di<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>te<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>as<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>iode<span class=\"_ _6\"></span>ll\u2019e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>ioRe<span class=\"_ _14\"></span>vis<span class=\"_ _6\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>ileCapo<span class=\"_ _1\"></span>gru<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ro Co<span class=\"_ _1\"></span>mm<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _58\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>he S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _213\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _2b8\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _2ae\"> </span>0,<span class=\"_ _16\"></span>2Se<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>di<span class=\"_ _2\"></span> atte<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>taz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>(*<span class=\"_ _3\"></span>)Capo<span class=\"_ _1\"></span>gru<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ro Co<span class=\"_ _1\"></span>mm<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _58\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>he S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _213\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _2b8\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _2ae\"> </span>0,<span class=\"_ _16\"></span>0Altr<span class=\"_ _1\"></span>i s<span class=\"_ _14\"></span>e<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>i (*<span class=\"_ _3\"></span>)Capo<span class=\"_ _1\"></span>gru<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ro Co<span class=\"_ _1\"></span>mm<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(*<span class=\"_ _2\"></span>)<span class=\"_ _1ad\"> </span>D<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>oi<span class=\"_ _0\"></span>tte &amp;<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.<span class=\"_ _2ae\"> </span>0,<span class=\"_ _1\"></span>0So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _2b8\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _2ae\"> </span>0,<span class=\"_ _16\"></span>0To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _2b9\"> </span>0<span class=\"_ _3\"></span>,3(*) I servizi di a<span class=\"_ _2\"></span>ttestazione si r<span class=\"_ _2\"></span>iferiscono alla D<span class=\"_ _2\"></span>ichiarazione <span class=\"_ _2\"></span>Consolidata de<span class=\"_ _2\"></span>i Dati Non Fin<span class=\"_ _2\"></span>anziari (18 mi<span class=\"_ _2\"></span>la euro). I <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>revisione <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>serv<span class=\"_ _3\"></span>izi diver<span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>revisione <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>MediaGrou<span class=\"_ _3\"></span>p <span class=\"_ _3\"></span>e le <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>controllate <span class=\"_ _3\"></span>sono<span class=\"_ _3\"></span> resi <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>so<span class=\"_ _3\"></span>ciet\u00e0 di revisione <span class=\"_ _3\"></span>Deloitte &amp; Touche S.p.A,<span class=\"_ _3\"></span> come esposti nella tab<span class=\"_ _3\"></span>ella seguente:<span class=\"_ _6\"></span> (*)I <span class=\"_ _14\"></span>serviz<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span><span class=\"lsf\">di</span> <span class=\"_ _7\"></span>attestazione <span class=\"_ _14\"></span><span class=\"ls83\">si</span> <span class=\"_ _7\"> </span>riferiscono <span class=\"_ _14\"></span>alla <span class=\"_ _7\"> </span>Dichiarazione <span class=\"_ _14\"></span>Consolidata <span class=\"_ _14\"></span>dei <span class=\"_ _7\"></span>Dati <span class=\"_ _7\"></span>Non <span class=\"_ _14\"></span>Finanziari <span class=\"_ _7\"></span><span class=\"lsd\">(3</span>7 <span class=\"_ _7\"> </span>mila <span class=\"_ _7\"></span>euro). Gli <span class=\"_ _7\"> </span>altri <span class=\"_ _7\"> </span>servizi <span class=\"_ _14\"></span><span class=\"ls83\">si</span> <span class=\"_ _280\"> </span>riferiscono principalmente a <span class=\"_ _2\"></span>consulenze in<span class=\"_ _2\"></span> alcune socie<span class=\"_ _2\"></span>t\u00e0 spagnole.(Va<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)<span class=\"_ _298\"> </span><span class=\"ff2d\">S<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>tto<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>he<span class=\"_ _6\"></span> ha<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ato <span class=\"_ _3\"></span>il</span>Co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>is<span class=\"_ _6\"></span>pe<span class=\"_ _6\"></span>ttiv<span class=\"_ _3\"></span>i di<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>te<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>as<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>iode<span class=\"_ _6\"></span>ll\u2019e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>ioRe<span class=\"_ _14\"></span>vis<span class=\"_ _6\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>ileRCS<span class=\"_ _2\"></span> Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p S<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>p.A.<span class=\"_ _2b3\"> </span>D<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>oi<span class=\"_ _0\"></span>tte &amp;<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.<span class=\"_ _2ae\"> </span>0<span class=\"_ _1\"></span>,4So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ne<span class=\"_ _23e\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _16\"></span>tte &amp;<span class=\"_ _3\"></span> To<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>he S.p.A.<span class=\"_ _2ae\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _2ac\"> </span>0,<span class=\"_ _16\"></span>4Se<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>di<span class=\"_ _2\"></span> atte<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>taz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>(*<span class=\"_ _3\"></span>)So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>tal<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ane<span class=\"_ _275\"> </span>Del<span class=\"_ _1\"></span>oi<span class=\"_ _0\"></span>tte &amp;<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.<span class=\"_ _2ae\"> </span>0<span class=\"_ _1\"></span>,0So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _2ac\"> </span>0,<span class=\"_ _16\"></span>0Altr<span class=\"_ _1\"></span>i s<span class=\"_ _14\"></span>e<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>i (*<span class=\"_ _3\"></span>)RCS<span class=\"_ _2\"></span> Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p S<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>p.A.<span class=\"_ _2b3\"> </span>D<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>oi<span class=\"_ _0\"></span>tte &amp;<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.<span class=\"_ _28f\"> </span>-So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _20\"> </span>-To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _2bb\"> </span>1<span class=\"_ _3\"></span>,0",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f33126": {
   "value": "Cairo Communication S.p.A. ",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f33138": {
   "value": " societ\u00e0 per azioni ",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-6-1": {
   "value": "Il Gruppo Cairo Communication (il Gruppo) opera in qualit\u00e0 di editore di periodici e libri (Cairo Editore e la sua divisione Editoriale Giorgio Mondadori - e Cairo Publishing), di editore televisivo (La7) ed operatore di rete (Cairo Network), di concessionaria multimediale per la vendita di spazi pubblicitari sul mezzo televisivo, stampa e stadio (Cairo Communication e CAIRORCS Media), di editore di quotidiani, periodici (settimanali e mensili) ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-11-1": {
   "value": " Italia  e  Spagna,",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f33290": {
   "value": "Cairo  Communication  S.p.A. ",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f33296": {
   "value": "Milano ",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f33298": {
   "value": "(Italia) ",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-15-1": {
   "value": "Corso Magenta  55.",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-17-1": {
   "value": " U.T. Communications S.p.A. ",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-19-2": {
   "value": "Inf<span class=\"_ _2\"></span>orm<span class=\"_ _1\"></span>azion<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>int<span class=\"_ _2\"></span>eg<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ativ<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>sull'<span class=\"_ _2\"></span>aut<span class=\"_ _1\"></span>orizz<span class=\"_ _1\"></span>azio<span class=\"_ _2\"></span>ne <span class=\"_ _1\"></span>alla <span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>bb<span class=\"_ _2\"></span>lic<span class=\"_ _1\"></span>azio<span class=\"_ _1\"></span>ne d<span class=\"_ _2\"></span>ei <span class=\"_ _1\"></span>bilanc<span class=\"_ _2\"></span>i Il <span class=\"_ _6\"></span>Bilan<span class=\"ff24\">cio <span class=\"_ _6\"></span>Consolidato <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Cairo <span class=\"_ _6\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _6\"></span>S.p.A., <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>l\u2019esercizio <span class=\"_ _6\"></span>chiuso <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2022, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stato </span>approvato dal Cons<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>glio di Amm<span class=\"_ _2\"></span>inistrazione in <span class=\"_ _2\"></span>data 27 marzo 20<span class=\"_ _2\"></span>23, che ne ha au<span class=\"_ _2\"></span>torizzato la pubb<span class=\"_ _2\"></span>licazione. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-22-2": {
   "value": "Fatt<span class=\"_ _1\"></span>i di<span class=\"_ _2\"></span> ri<span class=\"_ _1\"></span>lievo<span class=\"_ _2\"></span> de<span class=\"_ _1\"></span>ll\u2019e<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>ciz<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span> I fatti di rilievo de<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>l\u2019esercizio sono co<span class=\"_ _1\"></span>mmentati <span class=\"_ _3\"></span><span class=\"ff21\">nella re<span class=\"_ _2\"></span>lazione degli am<span class=\"_ _2\"></span>ministratori su<span class=\"_ _2\"></span>lla gest<span class=\"_ _1\"></span>ione.<span class=\"_ _1\"></span> </span>Si<span class=\"ls0\"> <span class=\"_ _1\"></span>ricorda <span class=\"_ _1\"></span>ch<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>in <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>15 <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>uglio <span class=\"_ _16\"></span>RCS, <span class=\"_ _1\"></span>Kryalos <span class=\"_ _1\"></span>SGR <span class=\"_ _16\"></span>S.p.A. <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>nome <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>conto <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Fondo <span class=\"_ _1\"></span>Delphine <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>Blackstone </span>(e <span class=\"_\"> </span>tutte <span class=\"_\"> </span>le <span class=\"_\"> </span>e<span class=\"_ _2\"></span>ntit\u00e0 <span class=\"_\"> </span>del <span class=\"_ _11\"> </span>gruppo <span class=\"_\"> </span>Blackstone <span class=\"_\"> </span>a<span class=\"_ _2\"></span>ttrici <span class=\"_\"> </span>nei <span class=\"_ _11\"> </span>procedimenti <span class=\"_\"> </span>intentati<span class=\"_ _2\"></span> <span class=\"_\"> </span>a <span class=\"_\"> </span>N<span class=\"_ _2\"></span>ew <span class=\"_\"> </span>York) <span class=\"_\"> </span>ha<span class=\"_ _2\"></span>nno <span class=\"_\"> </span>definit<span class=\"_ _2\"></span>o transatt<span class=\"_ _2\"></span>ivamente <span class=\"_\"> </span>le <span class=\"_ _10\"> </span>controversie. <span class=\"_\"> </span>L\u2019accordo <span class=\"_ _10\"> </span>raggiunto <span class=\"_\"> </span>ha <span class=\"_ _10\"> </span>comportato <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>definitiva <span class=\"_\"> </span>cessazione <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>tutti <span class=\"_ _10\"> </span>i contenziosi p<span class=\"_ _2\"></span>endenti negl<span class=\"_ _2\"></span>i Stati U<span class=\"_ _2\"></span>niti e in <span class=\"_ _2\"></span>Italia e, <span class=\"_ _1\"></span>pi<span class=\"_ _3\"></span>\u00f9 in <span class=\"_ _2\"></span>generale, la <span class=\"_ _2\"></span>reciproca <span class=\"_ _2\"></span>rinuncia a ogn<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> pretesa, <span class=\"_ _2\"></span>azione,<span class=\"_ _2\"></span> danno <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>relazione <span class=\"_ _6\"></span>alla <span class=\"_ _3\"></span>compravendita <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>2013 <span class=\"_ _6\"></span>e <span class=\"_ _3\"></span>alle <span class=\"_ _6\"></span>azioni <span class=\"_ _3\"></span>intraprese <span class=\"_ _6\"></span>da <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>essa.<span class=\"_ _3\"></span>  <span class=\"_ _6\"></span>RCS <span class=\"_ _3\"></span>ha corrisposto un con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ributo di euro 10 <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ilioni alle spes<span class=\"_ _2\"></span>e sostenute da <span class=\"_ _2\"></span>controparte. Ino<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>tre, RCS ha ac<span class=\"_ _2\"></span>quistato, a<span class=\"_ _2\"></span>l prezzo <span class=\"_ _7\"> </span>di <span class=\"_ _8\"> </span>euro <span class=\"_ _7\"> </span>59,9 <span class=\"_ _7\"> </span>milioni, <span class=\"_ _7\"> </span>l\u2019immobile <span class=\"_ _8\"> </span>di <span class=\"_ _7\"> </span>Via <span class=\"_ _8\"> </span>Solferino, <span class=\"_ _14\"></span>se<span class=\"_ _3\"></span>de <span class=\"_ _7\"> </span>storica <span class=\"_ _7\"> </span>de<span class=\"_ _3\"></span><span class=\"ff21 ls6\">l <span class=\"_ _8\"></span></span><span class=\"ff26\">Corriere <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>Sera<span class=\"ff21\"> <span class=\"_ _8\"></span>e <span class=\"_ _7\"></span>parte <span class=\"_ _8\"></span>del </span></span>complesso <span class=\"_ _1b\"> </span>immobiliare. <span class=\"_ _147\"> </span>Contestualmente <span class=\"_ _1b\"> </span>alla <span class=\"_ _1b\"> </span>sottoscrizione <span class=\"_ _1b\"> </span>del <span class=\"_ _1b\"> </span>relativo <span class=\"_ _1b\"> </span>contratto <span class=\"_ _1b\"> </span>preliminare <span class=\"_ _147\"> </span>di compravendita <span class=\"_ _3\"></span>immobiliare, <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>data <span class=\"_ _3\"></span>15 <span class=\"_ _6\"></span>luglio <span class=\"_ _6\"></span>2022 <span class=\"_ _3\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>versato <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>Kryalos <span class=\"_ _6\"></span>un <span class=\"_ _3\"></span>acconto <span class=\"_ _6\"></span>prezzo <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>10 milioni. <span class=\"_ _3\"></span><span class=\"ff24\">L\u2019acquisto <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _2\"></span>immobile <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _3\"></span>finalizzato <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _3\"></span>19 <span class=\"_ _6\"></span>ottobre <span class=\"_ _3\"></span>2022,<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _6\"></span>con contestuale <span class=\"_ _6\"></span>pagamento <span class=\"_ _3\"></span>del </span></span>saldo <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>per <span class=\"_ _6\"></span>euro 49,9 <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ilioni. <span class=\"_ _3\"></span>Per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>maggior <span class=\"_ _6\"></span>dettaglio sulla <span class=\"_ _6\"></span>suddetta<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>transazione <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>invia <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>paragrafo \u201cImpegni, rischi <span class=\"_ _2\"></span>ed altre informazi<span class=\"_ _2\"></span>oni<span class=\"ff24\">\u201d della presente </span>r<span class=\"_ _2\"></span>elazione finanzi<span class=\"_ _2\"></span>aria annuale. Prin<span class=\"_ _1\"></span>cipi<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>ab<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>i s<span class=\"_ _2\"></span>ig<span class=\"_ _1\"></span>nifica<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>ivi<span class=\"_ _1\"></span> 1. F<span class=\"_ _1\"></span>orma <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>conte<span class=\"_ _1\"></span>nuto <span class=\"_ _16\"></span>del <span class=\"_ _16\"></span>bilan<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>cons<span class=\"_ _1\"></span>olida<span class=\"_ _2\"></span>to La<span class=\"ls0\"> <span class=\"_ _6\"></span>valuta <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>presentazione <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>presente <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span><span class=\"ff24\">l\u2019euro,</span> <span class=\"_ _3\"></span>utilizzato <span class=\"_ _6\"></span>come <span class=\"_ _3\"></span>valuta <span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>unziona<span class=\"_ _2\"></span>le <span class=\"_ _6\"></span>dalla </span>maggior <span class=\"_ _14\"></span>parte <span class=\"_ _14\"></span>delle <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>Gruppo. <span class=\"_ _14\"></span>Ove <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>differente<span class=\"_ _2\"></span>mente <span class=\"_ _14\"></span>indicato, <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>utti <span class=\"_ _6\"></span>gli <span class=\"_ _3\"></span>importi <span class=\"_ _3\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>espressi <span class=\"_ _3\"></span><span class=\"ls6\">in</span> milioni di <span class=\"_ _3\"></span>euro. <span class=\"ls47\">Al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 2022 <span class=\"ls6\">il</span> <span class=\"_ _3\"></span>bilancio consolidato <span class=\"_ _6\"></span>comprende 51 <span class=\"_ _3\"></span>societ\u00e0 controllate <span class=\"_ _3\"></span>direttamente e indirettamente <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>consolid<span class=\"_ _2\"></span>ate <span class=\"_ _1\"></span>con<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>metodo integrale (51 societ<span class=\"_ _2\"></span>\u00e0 al 31 dicemb<span class=\"_ _2\"></span>re 2021). La rev<span class=\"_ _2\"></span>isione leg<span class=\"_ _2\"></span>ale del <span class=\"_ _2\"></span>bilancio <span class=\"_ _2\"></span>consolidato <span class=\"_ _2\"></span>\u00e8 svol<span class=\"_ _2\"></span>ta da <span class=\"_ _1\"></span>Deloitte &amp; Touch<span class=\"_ _2\"></span>e S.<span class=\"_ _1\"></span>p.A.<span class=\"_ _2\"></span> 2. S<span class=\"_ _2\"></span>ch<span class=\"_ _2\"></span>emi<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> bi<span class=\"_ _1\"></span>lanci<span class=\"_ _2\"></span>o Di<span class=\"ls0\"> seguito si elenca<span class=\"_ _2\"></span>no gli schem<span class=\"_ _2\"></span>i del bilancio <span class=\"_ _2\"></span>consolidato di G<span class=\"_ _1\"></span>ruppo<span class=\"_ _1\"></span>. </span>Il <span class=\"_ _16\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _0\"></span>consolidato <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _16\"></span>redatto <span class=\"_ _16\"></span>secondo <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>o <span class=\"_ _16\"></span>schema <span class=\"_ _16\"></span>con <span class=\"_ _16\"></span>destinazione <span class=\"_ _16\"></span>dei <span class=\"_ _16\"></span>costi <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span>natura, <span class=\"_ _16\"></span>evidenziand<span class=\"_ _2\"></span>o i <span class=\"_ _3\"></span>risultati <span class=\"_ _3\"></span>intermedi relativi <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>risultato <span class=\"_ _3\"></span>operativo <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>risultato <span class=\"_ _3\"></span>prima<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>imposte, <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>consentire <span class=\"_ _3\"></span>una migliore mis<span class=\"_ _2\"></span>urabilit\u00e0 dell\u2019<span class=\"_ _2\"></span>andamento de<span class=\"_ _2\"></span>lla norma<span class=\"_ _2\"></span>le gestione <span class=\"_ _2\"></span>operativa. Ne<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>le note esp<span class=\"_ _2\"></span>licative vengono<span class=\"_ _1\"></span> i<span class=\"_ _3\"></span>noltre indicate <span class=\"_ _8\"></span>separatamente <span class=\"_ _7\"></span>le <span class=\"_ _15\"> </span>componenti <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>costo <span class=\"_ _15\"></span>e <span class=\"_ _8\"></span>ricavo <span class=\"_ _8\"></span>derivanti <span class=\"_ _8\"></span>da <span class=\"_ _15\"> </span>eventi <span class=\"_ _8\"></span>o <span class=\"_ _8\"></span>operazioni <span class=\"_ _8\"></span>che <span class=\"_ _8\"></span>per <span class=\"_ _15\"> </span>natura <span class=\"_ _8\"></span>e<span class=\"_ _6\"></span> rilevanza <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>importo <span class=\"_ _1\"></span>sono <span class=\"_ _16\"></span>da <span class=\"_ _1\"></span>considerarsi <span class=\"_ _0\"></span>non <span class=\"_ _1\"></span>ricorrenti, <span class=\"_ _16\"></span>secondo <span class=\"_ _16\"></span>la <span class=\"_ _1\"></span>definizione <span class=\"_ _16\"></span>contenuta<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>nella <span class=\"_ _16\"></span>Comunicazione<span class=\"_ _2\"></span> CONSOB<span class=\"_ _2\"></span> n. 6064293 del 28 luglio <span class=\"_ _2\"></span>2006. Gli <span class=\"_ _11\"> </span>effetti <span class=\"_ _11\"> </span>economici <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>attivit\u00e0 <span class=\"_ _11\"> </span>operative <span class=\"_ _11\"> </span>cessate <span class=\"_ _11\"> </span>sono <span class=\"_ _11\"> </span>esposti <span class=\"_ _11\"> </span>in <span class=\"_ _11\"> </span>un\u2019unica <span class=\"_ _11\"> </span>voce <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>conto <span class=\"_\"> </span><span class=\"ff21\">econo<span class=\"_ _1\"></span>mic<span class=\"_ _2\"></span>o </span>denom<span class=\"_ _2\"></span>ina<span class=\"_ _1\"></span>ta <span class=\"_ _12\"> </span>\u201cRis<span class=\"_ _1\"></span>ultat<span class=\"_ _2\"></span>o <span class=\"_ _12\"> </span>net<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>delle<span class=\"_ _1\"></span> <span class=\"_ _11\"> </span>att<span class=\"_ _2\"></span>ivit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _12\"> </span>ce<span class=\"_ _2\"></span>ssa<span class=\"_ _1\"></span>te\u201d,<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>cos\u00ec <span class=\"_ _15\"> </span>come <span class=\"_ _15\"> </span>previ<span class=\"_ _1\"></span>sto <span class=\"_ _12\"> </span>dal<span class=\"_ _1\"></span>l\u2019IF<span class=\"_ _2\"></span>RS<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>5. <span class=\"_ _11\"> </span>Nel <span class=\"_ _11\"> </span>con<span class=\"_ _1\"></span>to <span class=\"_\"> </span>e<span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>nom<span class=\"_ _1\"></span>ico con<span class=\"_ _1\"></span>solida<span class=\"_ _1\"></span>to <span class=\"_ _4\"> </span>comp<span class=\"_ _1\"></span>lessi<span class=\"_ _2\"></span>vo <span class=\"_ _10\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>ino<span class=\"_ _2\"></span>ltr<span class=\"_ _1\"></span>e <span class=\"_ _5\"> </span>ri<span class=\"_ _1\"></span>levat<span class=\"_ _2\"></span>e <span class=\"_ _4\"> </span>le <span class=\"_ _4\"> </span>\u201cv<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>azi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i <span class=\"_ _4\"> </span>gen<span class=\"_ _1\"></span>erate <span class=\"_ _4\"> </span>da<span class=\"ls0\"> <span class=\"_ _f\"> </span>transazioni <span class=\"_ _4\"> </span>con <span class=\"_ _10\"> </span>i <span class=\"_ _4\"> </span>non <span class=\"_ _f\"> </span></span>soci\u201d<span class=\"ff26\"> </span>(evidenziando <span class=\"_ _1\"></span>separatamen<span class=\"_ _2\"></span>te <span class=\"_ _1\"></span>i re<span class=\"_ _2\"></span>lativi <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>effetti <span class=\"_ _1\"></span>fiscali), in particola<span class=\"_ _2\"></span>re: <span class=\"ff21 fs2 fc0\">le <span class=\"_ _6\"></span>voci <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>utile <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>perdita <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>pr<span class=\"_ _3\"></span>ecedenza <span class=\"_ _3\"></span>potevano <span class=\"_ _6\"></span>essere <span class=\"_ _3\"></span>imputate <span class=\"_ _6\"></span>direttamen<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>patrimonio <span class=\"_ _3\"></span>netto <span class=\"_ _6\"></span>(ad <span class=\"_ _6\"></span>es.<span class=\"_ _2\"></span> </span>utili/perdite attua<span class=\"_ _2\"></span>riali generati da va<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>utazione di <span class=\"_ _2\"></span>piani a benefici def<span class=\"_ _1\"></span>init<span class=\"_ _2\"></span>i)<span class=\"_ _2\"></span>; <span class=\"ff21 fs2 fc0\">gli effetti della valu<span class=\"_ _2\"></span>tazione degli strumenti<span class=\"_ _2\"></span> derivati a copertur<span class=\"_ _2\"></span>a dei flussi di cassa f<span class=\"_ _2\"></span>utu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>; </span><span class=\"ff21 fs2 fc0\">gli effetti della valutazion<span class=\"_ _2\"></span>e delle attivit\u00e0 finanz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>arie disponibili per la ve<span class=\"_ _1\"></span>ndita<span class=\"_ _1\"></span>; </span><span class=\"ff24 fs2 fc0\">l\u2019effetto<span class=\"ff21\"> derivante <span class=\"ls7\">da</span> eventuali cambiamenti dei princi<span class=\"_ _2\"></span>pi cont<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> </span></span>Il<span class=\"ls0\"> <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _3\"></span>consolidato <span class=\"_ _6\"></span>comples<span class=\"_ _2\"></span>sivo <span class=\"_ _3\"></span>presenta <span class=\"_ _6\"></span><span class=\"ls6\">le</span> <span class=\"_ _3\"></span>voci <span class=\"_ _6\"></span>relative <span class=\"_ _3\"></span>agli <span class=\"_ _6\"></span>importi <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>componen<span class=\"_ _2\"></span>ti del </span>conto <span class=\"_ _0\"></span>economico <span class=\"_ _0\"></span>complessivo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>natura <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>raggruppate <span class=\"_ _0\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>quelle <span class=\"_ _1\"></span>che, <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>conformit\u00e0 <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>disposizioni </span></span>di altri IAS/IFRS:<span class=\"_ _2\"></span> <span class=\"ff21 fs2 fc0\">non saranno successivamen<span class=\"_ _2\"></span>te riclass<span class=\"ff24\">ificate nell\u2019ut<span class=\"_ _2\"></span>ile<span class=\"ff21\"> (perdita) </span>del<span class=\"_ _2\"></span>l\u2019<span class=\"_ _2\"></span>ese<span class=\"_ _1\"></span>rcizi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>;<span class=\"ff21\"> </span></span></span>saranno <span class=\"_ _a1\"> </span>successivamen<span class=\"_ _2\"></span>te <span class=\"_ _a1\"> </span>riclassifica<span class=\"_ _2\"></span>te <span class=\"_ _a1\"> </span>nell\u2019utile <span class=\"_ _b\"> </span>(<span class=\"_ _3\"></span>perdita) <span class=\"_ _a1\"> </span>dell\u2019ese<span class=\"_ _2\"></span>rcizio, <span class=\"_ _a1\"> </span>quando <span class=\"_ _b\"> </span>saranno <span class=\"_ _a1\"> </span>soddisfatte determinate cond<span class=\"_ _2\"></span>izioni. Lo<span class=\"ls0\"> <span class=\"_ _1\"></span>stato <span class=\"_ _1\"></span>pat<span class=\"_ _2\"></span>rimo<span class=\"_ _1\"></span>nial<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>cons<span class=\"_ _1\"></span>oli<span class=\"_ _2\"></span>dat<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>reda<span class=\"_ _2\"></span>tto<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>secon<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls17\">lo<span class=\"ls0\"> s<span class=\"_ _2\"></span>che<span class=\"_ _1\"></span>ma <span class=\"_ _2\"></span>che<span class=\"_ _1\"></span> ev<span class=\"_ _1\"></span>idenz<span class=\"_ _2\"></span>ia <span class=\"_ _1\"></span><span class=\"ls17\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>ripart<span class=\"_ _1\"></span>izion<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 </span></span></span></span></span>tra<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff24\">\u201ccorrenti\u201d<span class=\"ff21\"> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span><span class=\"ff24\">\u201cnon<span class=\"ff21\"> <span class=\"_ _2\"></span><span class=\"ff24\">correnti\u201d<span class=\"ff21\"> <span class=\"_ _16\"></span>e con <span class=\"_ _16\"></span><span class=\"ff24\">l\u2019indicazione,<span class=\"ff21\"> <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>due <span class=\"_ _1\"></span>voci <span class=\"_ _2\"></span>separate, delle <span class=\"_ _1\"></span><span class=\"ff24\">\u201cAttivit\u00e0<span class=\"ff21\"> desti<span class=\"_ _2\"></span>nate <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span><span class=\"ff24\">vendita\u201d<span class=\"ff21\"> e<span class=\"_ _2\"></span> </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>delle <span class=\"_ _18\"> </span><span class=\"ff24\">\u201cPassivit\u00e0</span> <span class=\"_ _b\"> </span>destinate <span class=\"_ _18\"> </span>alla <span class=\"_ _b\"> </span>dismissione <span class=\"_ _18\"> </span>o <span class=\"_ _b\"> </span><span class=\"ff24\">cessate\u201d, <span class=\"_ _a1\"> </span>come <span class=\"_ _a1\"> </span>previsto <span class=\"_ _a1\"> </span>dall\u2019IFRS <span class=\"_ _a1\"> </span>5. <span class=\"_ _a1\"> </span>In <span class=\"_ _a1\"> </span></span>particolare, un\u2019attivit\u00e0/passivi<span class=\"_ _2\"></span>t\u00e0 \u00e8 classi<span class=\"_ _2\"></span>ficata come cor<span class=\"_ _2\"></span>rente quando sodd<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>sfa uno dei segu<span class=\"_ _2\"></span>enti criteri:<span class=\"ff21\"> </span><span class=\"ff21 fs2 fc0\">ci si <span class=\"_ _1\"></span>aspetta che <span class=\"_ _1\"></span>sia <span class=\"_ _2\"></span>realizzata/estin<span class=\"_ _2\"></span>ta o <span class=\"_ _1\"></span>si p<span class=\"_ _2\"></span>revede <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>sia <span class=\"_ _1\"></span>venduta o <span class=\"_ _1\"></span>utilizzata n<span class=\"_ _1\"></span>el<span class=\"_ _3\"></span> n<span class=\"_ _2\"></span>ormale <span class=\"_ _1\"></span>ciclo op<span class=\"_ _2\"></span>erativo <span class=\"_ _2\"></span>della </span>societ\u00e0; <span class=\"ff21 fs2 fc0\">\u00e8 posseduta principal<span class=\"_ _2\"></span>mente per essere negoz<span class=\"_ _2\"></span>iata; </span><span class=\"ff24 fs2 fc0\">si prevede che si realizz<span class=\"_ _2\"></span>i/estingua entr<span class=\"_ _2\"></span>o 12 mesi dal<span class=\"_ _2\"></span>la data di chiusura<span class=\"_ _2\"></span> dell\u2019eserciz<span class=\"_ _2\"></span>io.<span class=\"ff21\"> </span></span>In mancanza di <span class=\"_ _2\"></span>tutte e tre le<span class=\"_ _2\"></span> condizioni, le at<span class=\"_ _2\"></span>tivit\u00e0/passi<span class=\"_ _2\"></span>vit\u00e0 sono classif<span class=\"_ _2\"></span>icate come non cor<span class=\"_ _2\"></span>ren<span class=\"_ _1\"></span>ti. Il <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>ospetto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>movimentazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>patrimonio <span class=\"_ _6\"></span>netto <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>illustra <span class=\"_ _14\"></span>le <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>intervenute <span class=\"_ _6\"></span>nelle <span class=\"_ _6\"></span>voci del patrimonio ne<span class=\"_ _2\"></span>tto relativ<span class=\"_ _2\"></span>e a: <span class=\"ff24 fs2 fc0\">destinazione dell\u2019uti<span class=\"_ _2\"></span>le di p<span class=\"ff21\">eriodo; </span></span><span class=\"ff21 fs2 fc0\">ammontare <span class=\"_ _14\"></span>relativo <span class=\"_ _6\"></span>ad <span class=\"_ _14\"></span>operazioni <span class=\"_ _14\"></span>con <span class=\"_ _6\"></span>gli <span class=\"_ _14\"></span>azionisti <span class=\"_ _6\"></span>(acquisto <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>vendita <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>azioni <span class=\"_ _14\"></span>proprie); <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>separatamente <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span> </span>proventi <span class=\"_ _3\"></span>ed <span class=\"_ _6\"></span>oneri <span class=\"_ _6\"></span>definiti <span class=\"_ _3\"></span><span class=\"ff27\">\u201cvariazioni <span class=\"_ _6\"></span>genera<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>da <span class=\"_ _3\"></span>transazioni <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>i <span class=\"_ _3\"></span>non<span class=\"_ _3\"></span><span class=\"ff26\">- <span class=\"_ _6\"></span></span>soci\u201d, <span class=\"_ _6\"></span><span class=\"ff21\">che <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>riportate <span class=\"_ _6\"></span>anche <span class=\"_ _3\"></span>nel </span></span>conto economico <span class=\"_ _2\"></span>consolidato comp<span class=\"_ _2\"></span>lessivo. Si <span class=\"_ _11\"> </span>precisa, <span class=\"_ _12\"> </span>infine, <span class=\"_ _12\"> </span>che <span class=\"_ _11\"> </span>con <span class=\"_ _12\"> </span>riferimento <span class=\"_ _12\"> </span>alla <span class=\"_ _11\"> </span>Delibera <span class=\"_ _12\"> </span>Consob <span class=\"_ _11\"> </span>n. <span class=\"_ _12\"> </span>15519 <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span><span class=\"ls7\">27<span class=\"_ _3\"></span></span> <span class=\"_ _11\"> </span>luglio <span class=\"_ _12\"> </span>2006 <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>merito <span class=\"_ _14\"></span>agli schemi <span class=\"_\"> </span>di <span class=\"_\"> </span>b<span class=\"_ _2\"></span>ilancio <span class=\"_\"> </span>in <span class=\"_\"> </span>alle<span class=\"_ _1\"></span>gat<span class=\"_ _3\"></span>o, <span class=\"_\"> </span>sono <span class=\"_\"> </span>s<span class=\"_ _2\"></span>tati <span class=\"_\"> </span>inseriti <span class=\"_ _11\"> </span>specifici <span class=\"_\"> </span>schemi <span class=\"_ _11\"> </span>supplementari <span class=\"_\"> </span>diconto <span class=\"_\"> </span>econo<span class=\"_ _2\"></span>mico consolidato e <span class=\"_ _6\"></span>stato <span class=\"_ _3\"></span>patrimo<span class=\"_ _2\"></span>niale <span class=\"_ _3\"></span>consolidato con <span class=\"_ _3\"></span>evidenza <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>rapporti si<span class=\"_ _3\"></span>gnificativ<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> con parti co<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>relate, <span class=\"ls4\">al</span> f<span class=\"_ _2\"></span>ine di <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>compromettere <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>leggibilit\u00e0 <span class=\"_ _1\"></span>complessiva <span class=\"_ _2\"></span>degli schem<span class=\"_ _2\"></span>i di bilancio.<span class=\"_ _2\"></span> </span></span>4. C<span class=\"_ _1\"></span>rite<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> val<span class=\"_ _1\"></span>utazi<span class=\"_ _2\"></span>one Il <span class=\"_ _11\"> </span>bil<span class=\"_ _3\"></span>ancio <span class=\"_ _11\"> </span>consolidato <span class=\"_ _11\"> </span>\u00e8 <span class=\"_\"> </span>stato <span class=\"_ _11\"> </span>redatto <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>con<span class=\"_ _2\"></span>formit\u00e0 <span class=\"_\"> </span>a <span class=\"_ _11\"> </span>quanto <span class=\"_\"> </span>di<span class=\"_ _2\"></span>sposto <span class=\"_ _11\"> </span>dalla <span class=\"_ _11\"> </span>CONSOB <span class=\"_ _11\"> </span>con <span class=\"_\"> </span>delibera <span class=\"_ _11\"> </span><span class=\"ls7\">n.<span class=\"_ _3\"></span></span> 11971/1999 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>successive <span class=\"_ _1\"></span>modifiche, <span class=\"_ _1\"></span><span class=\"ls6\">tra<span class=\"ls0\"> <span class=\"_ _1\"></span>cui <span class=\"_ _2\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>particolare <span class=\"_ _1\"></span>quelle <span class=\"_ _1\"></span>introdotte <span class=\"_ _2\"></span>dalle <span class=\"_ _1\"></span>delibere n. <span class=\"_ _1\"></span>14990 <span class=\"_ _1\"></span>del 14 <span class=\"_ _1\"></span>aprile </span></span></span></span>2005 <span class=\"_ _1\"></span>e n<span class=\"_ _2\"></span>. <span class=\"_ _1\"></span>15519 <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>27 <span class=\"_ _2\"></span>luglio <span class=\"_ _1\"></span>2006, <span class=\"_ _1\"></span>contiene <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>prospetti <span class=\"_ _1\"></span>contabili <span class=\"_ _1\"></span>e le <span class=\"_ _16\"></span>note <span class=\"_ _2\"></span>esplicativ<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>ed<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>integrative <span class=\"_ _1\"></span>consolidati di <span class=\"_\"> </span>Gruppo, <span class=\"_\"> </span>el<span class=\"_ _2\"></span>aborati <span class=\"_\"> </span>adot<span class=\"_ _2\"></span>tando <span class=\"_\"> </span>i <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>incip<span class=\"_ _1\"></span>i <span class=\"_\"> </span>c<span class=\"_ _1\"></span>ontab<span class=\"_ _1\"></span>ili <span class=\"_ _12\"> </span>inter<span class=\"_ _2\"></span>na<span class=\"_ _2\"></span>zio<span class=\"_ _2\"></span>na<span class=\"_ _1\"></span>li <span class=\"_ _11\"> </span>IFR<span class=\"_ _2\"></span>S <span class=\"_ _12\"> </span>emessi<span class=\"_ _1\"></span> <span class=\"_\"> </span>d<span class=\"_ _2\"></span>all<span class=\"_ _2\"></span>o <span class=\"_ _11\"> </span>IA<span class=\"_ _1\"></span>SB <span class=\"_ _11\"> </span>(<span class=\"ff26\">In<span class=\"_ _2\"></span>tern<span class=\"_ _1\"></span>ation<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>Acc<span class=\"_ _1\"></span>ounti<span class=\"_ _2\"></span>ng <span class=\"_ _3\"></span>Stan<span class=\"_ _1\"></span>dards<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>Board<span class=\"ff24\">) <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>adottati <span class=\"_ _14\"></span>dall\u2019Un<span class=\"_ _2\"></span>ione <span class=\"_ _14\"></span>Europea. <span class=\"_ _6\"></span>Per <span class=\"_ _14\"></span>IFRS <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>intendono <span class=\"_ _6\"></span>tutti <span class=\"_ _14\"></span>gli <span class=\"_ _6\"></span>\u201c<span class=\"_ _6\"></span><span class=\"ff26\">Internationa<span class=\"_ _2\"></span>l </span></span>Financial <span class=\"_ _12\"> </span>Reporting <span class=\"_ _11\"> </span>Standards<span class=\"ff24\">\u201d<span class=\"ff21\"> <span class=\"_ _12\"> </span>(IFRS), <span class=\"_ _11\"> </span>tutti <span class=\"_ _12\"> </span>gli <span class=\"_ _11\"> </span></span>\u201c</span>I<span class=\"_ _3\"></span>nternationa<span class=\"_ _2\"></span>l <span class=\"_ _11\"> </span>Accounting <span class=\"_ _12\"> </span>Standards\u201d <span class=\"_ _11\"> </span>(IAS) <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>tutte <span class=\"_ _10\"> </span>le interpretazioni <span class=\"_ _3\"></span>dell\u2019\u201c<span class=\"ff26\">International <span class=\"_ _6\"></span>Financial <span class=\"_ _3\"></span>Reporting <span class=\"_ _6\"></span>Standards <span class=\"_ _6\"></span>Interpretation<span class=\"_ _2\"></span>s <span class=\"_ _6\"></span>Committee<span class=\"ff24\">\u201d <span class=\"_ _6\"></span>(IFRS <span class=\"_ _6\"></span>IC, <span class=\"_ _6\"></span>gi\u00e0 </span></span>IFRIC<span class=\"_ _2\"></span>), precedentemente d<span class=\"_ _2\"></span>enominate \u201c<span class=\"ff26\">Standing In<span class=\"_ _2\"></span>terpretations Comm<span class=\"_ _2\"></span>ittee<span class=\"ff24\">\u201d (SIC<span class=\"_ _2\"></span>).<span class=\"ff21\"> </span></span></span>Con <span class=\"_ _14\"></span>riferimento <span class=\"_ _6\"></span>alla <span class=\"_ _14\"></span>comunicazione <span class=\"_ _14\"></span>Consob <span class=\"_ _6\"></span>n. <span class=\"_ _14\"></span>DEM/11070007<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>5 <span class=\"_ _14\"></span>agosto <span class=\"_ _6\"></span>2011, <span class=\"_ _14\"></span><span class=\"ls4a\">si<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span>ricorda <span class=\"_ _8\"></span>inoltre <span class=\"_ _8\"></span>che <span class=\"_ _15\"></span>il Gruppo <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>detiene <span class=\"_ _16\"></span>in po<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>tafoglio <span class=\"_ _16\"></span>t<span class=\"_ _3\"></span>itoli <span class=\"_ _1\"></span>obbligazionari <span class=\"_ _16\"></span>emessi <span class=\"_ _1\"></span>da gove<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ni <span class=\"_ _1\"></span>centrali <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>locali <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>da <span class=\"_ _2\"></span>enti <span class=\"_ _1\"></span>governativi, e non \u00e8 pertanto e<span class=\"_ _2\"></span>sposto ai rischi deriva<span class=\"_ _2\"></span>nti dalle oscilla<span class=\"_ _2\"></span>zioni di mercato <span class=\"_ _2\"></span>dei suddett<span class=\"_ _2\"></span>i titoli. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-38-1": {
   "value": "Il<span class=\"ls0\"> <span class=\"_ _3\"></span>bi<span class=\"_ _3\"></span>lancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _6\"></span>Cairo <span class=\"_ _3\"></span>Communication <span class=\"ls4\">al</span> <span class=\"_ _6\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>predisposto <span class=\"_ _14\"></span>nel <span class=\"_ _14\"></span>rispetto <span class=\"_ _14\"></span>dei </span>principi <span class=\"_ _6\"></span>contabili <span class=\"_ _14\"></span><span class=\"ff24\">interna<span class=\"_ _2\"></span>zionali <span class=\"_ _6\"></span>(\u201cIFRS\u201d) <span class=\"_ _6\"></span>emessi <span class=\"_ _6\"></span>dall\u2019<span class=\"_ _3\"></span><span class=\"ff26\">International <span class=\"_ _6\"></span>Accounting <span class=\"_ _3\"></span>St<span class=\"_ _3\"></span>andard <span class=\"_ _6\"></span>Board <span class=\"_ _14\"></span></span>(\u201cIASB\u201d) <span class=\"_ _6\"></span>e </span>omologati dall\u2019Unione Europea, nonch\u00e9 dei <span class=\"_ _3\"></span>provvedimenti<span class=\"ff21\"> <span class=\"_ _11\"> </span>emanati <span class=\"_ _11\"> </span><span class=\"ls17\">in</span> <span class=\"_ _11\"> </span>attuazione <span class=\"_ _11\"> </span></span>dell\u2019Art.<span class=\"ff21\"> <span class=\"_ _11\"> </span>9 <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>D.Lgs <span class=\"_ _12\"> </span>n. </span>38/2005. <span class=\"_ _12\"> </span>Con <span class=\"_ _12\"> </span><span class=\"ls17\">il</span> <span class=\"_ _12\"> </span>termine IFRS si intendono anche<span class=\"_ _2\"></span> tutti i principi c<span class=\"ff24\">ontabili internazionali rivis<span class=\"_ _2\"></span>ti (\u201cIAS\u201d), tutte </span>le <span class=\"_ _c\"> </span>in<span class=\"_ _2\"></span>terpretazioni <span class=\"_ _d\"> </span>dell\u2019International <span class=\"_ _d\"> </span>Financial <span class=\"_ _1c5\"> </span>Reporting <span class=\"_ _1c5\"> </span>Interpretati<span class=\"_ _2\"></span>ons <span class=\"_ _d\"> </span>Committee <span class=\"_ _c\"> </span><span class=\"ff24\">(\u201cIFRIC\u201d), </span>precedentemen<span class=\"_ _2\"></span>te denomina<span class=\"_ _2\"></span>te Standing Interpreta<span class=\"_ _2\"></span>tions Comm<span class=\"_ _2\"></span>ittee (\u201cSIC\u201d). ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-81-2": {
   "value": "Il rendiconto finanziario consolidato \u00e8 stato predisposto applicando il metodo indiretto per<span class=\"_ _3\"></span> mezzo del quale <span class=\"ls17\">il</span> risultato ope<span class=\"_ _2\"></span>rativo \u00e8 <span class=\"_ _2\"></span>rettificato dag<span class=\"_ _2\"></span>li effe<span class=\"_ _2\"></span>tti delle op<span class=\"_ _1\"></span>erazioni di natu<span class=\"_ _2\"></span>ra non monetar<span class=\"_ _2\"></span>ia, da qualsiasi differim<span class=\"_ _2\"></span>ento o accantonamento di precedenti o futuri i<span class=\"_ _3\"></span>ncassi o pagamenti operativi e <span class=\"_ _3\"></span>da elementi di ricavi o <span class=\"_ _3\"></span>costi connessi con <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi <span class=\"_ _14\"></span>finanziari <span class=\"_ _7\"></span>derivanti <span class=\"_ _14\"></span>dall\u2019attivit\u00e0 <span class=\"_ _7\"> </span>d\u2019investimento <span class=\"_ _14\"></span>o <span class=\"_ _7\"> </span>finanziaria. <span class=\"_ _14\"></span>I <span class=\"_ _7\"> </span>proventi <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _14\"></span>oneri <span class=\"_ _7\"></span>relativi <span class=\"_ _14\"></span>alle operazioni <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>finan<span class=\"_ _1\"></span>ziam<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>a <span class=\"_ _7\"></span>med<span class=\"_ _2\"></span>io/<span class=\"_ _2\"></span>lun<span class=\"_ _2\"></span>go<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>ter<span class=\"_ _1\"></span>mine<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls49\">ed</span> <span class=\"_ _8\"></span><span class=\"ls3\">ai</span> <span class=\"_ _7\"></span>relat<span class=\"_ _1\"></span>ivi <span class=\"_ _7\"></span>st<span class=\"_ _2\"></span>rum<span class=\"_ _1\"></span>enti<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls7\">di</span> <span class=\"_ _8\"></span>co<span class=\"_ _1\"></span>pertu<span class=\"_ _2\"></span>ra, <span class=\"_ _14\"></span>non<span class=\"_ _1\"></span>ch\u00e9 <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>div<span class=\"_ _1\"></span>idend<span class=\"_ _1\"></span>i corrisposti <span class=\"_ _8\"> </span>sono <span class=\"_ _15\"> </span>inclusi <span class=\"_ _15\"> </span>nell\u2019attivit\u00e0 <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>finanziamento<span class=\"_ _2\"></span>. <span class=\"_ _15\"> </span>I <span class=\"_ _15\"> </span>paga<span class=\"_ _3\"></span>menti <span class=\"_ _8\"></span>r<span class=\"_ _3\"></span>elativi <span class=\"_ _15\"> </span>alle <span class=\"_ _8\"></span>passivit\u00e0 <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>leasing <span class=\"_ _15\"> </span>sono compresi nei <span class=\"_ _2\"></span>flussi della ge<span class=\"_ _2\"></span>stione finanziaria. Le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _14\"></span>controlla<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>direttamente <span class=\"_ _6\"></span>ed <span class=\"_ _14\"></span>indirettamen<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>indicate <span class=\"_ _14\"></span>nell\u2019a<span class=\"_ _2\"></span>llegato <span class=\"_ _6\"></span>1 <span class=\"_ _14\"></span>\u201cLe<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>imprese <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>Cairo Communication<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ff24\">\u2013</span> <span class=\"_ _3\"></span><span class=\"ff24\">Societ\u00e0 consolidate con il <span class=\"_ _3\"></span>metodo integrale\u201d sono consolidate integralmente a <span class=\"_ _3\"></span>partir<span class=\"_ _3\"></span></span>e dalla data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acquisizione, <span class=\"_ _1\"></span>ovvero <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>ne <span class=\"_ _16\"></span>acquisisce <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>controllo <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>cessano <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>essere <span class=\"_ _16\"></span>consolidate </span></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _6\"></span><span class=\"ls6\">in</span> <span class=\"_ _3\"></span>cui <span class=\"_ _6\"></span><span class=\"ls34\">se</span> <span class=\"_ _3\"></span>ne<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>perde <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>contro<span class=\"_ _2\"></span>llo. <span class=\"_ _14\"></span>Il <span class=\"_ _14\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>controllo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>una <span class=\"_ _14\"></span>societ\u00e0<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>quando <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>virt\u00f9 <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>proprio rapporto con l\u2019entit<span class=\"ff21\">\u00e0 de<span class=\"_ _2\"></span>tiene il controllo su<span class=\"_ _2\"></span>lle attivit\u00e0 rilevanti del<span class=\"_ _2\"></span>la stessa, \u00e8 esposto ai rend<span class=\"_ _2\"></span>imenti variabili, e </span>detenendo <span class=\"_ _6\"></span>diritti <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>tali <span class=\"_ _6\"></span>rendimenti, <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>contempo <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>capacit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>influenzarli <span class=\"_ _3\"></span>esercitando <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>proprio <span class=\"_ _6\"></span>potere sull\u2019entit\u00e0 stess<span class=\"_ _2\"></span>a.<span class=\"ff21\"> </span>La <span class=\"_ _11\"> </span>quota <span class=\"_\"> </span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>interessenza <span class=\"_ _11\"> </span>degli <span class=\"_ _11\"> </span>azionisti <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>minoranza <span class=\"_ _11\"> </span>nelle <span class=\"_\"> </span>a<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _11\"> </span>nette <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>controllate <span class=\"_ _11\"> </span>consolidate <span class=\"_ _11\"> </span>\u00e8 identificata <span class=\"_ _1\"></span>separatamente <span class=\"_ _1\"></span>rispetto al <span class=\"_ _1\"></span>patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _1\"></span>di Gruppo. <span class=\"_ _2\"></span>Tale <span class=\"_ _2\"></span>interessen<span class=\"_ _2\"></span>za <span class=\"_ _1\"></span>\u00e8 stata <span class=\"_ _2\"></span>determinata <span class=\"_ _1\"></span>in bas<span class=\"_ _2\"></span>e alla <span class=\"_ _7\"></span>percentuale <span class=\"_ _8\"></span>da <span class=\"_ _8\"></span>essi <span class=\"_ _7\"></span>detenuta <span class=\"_ _8\"></span>nei <span class=\"_ _8\"></span>fair <span class=\"_ _8\"></span>value <span class=\"_ _8\"></span>delle <span class=\"_ _7\"> </span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _7\"> </span>e <span class=\"_ _8\"> </span>passivit\u00e0 <span class=\"_ _8\"> </span>iscritte <span class=\"_ _7\"></span>alla <span class=\"_ _8\"> </span>data <span class=\"_ _7\"> </span>dell\u2019acquisizione originaria e nel<span class=\"_ _2\"></span>le variazioni<span class=\"_ _2\"></span> di patrimonio ne<span class=\"_ _2\"></span>tto dopo tale da<span class=\"_ _2\"></span>ta. 6. A<span class=\"_ _1\"></span>ggre<span class=\"_ _2\"></span>gaz<span class=\"_ _1\"></span>ioni d<span class=\"_ _2\"></span>i i<span class=\"_ _1\"></span>mpres<span class=\"_ _2\"></span>e e<span class=\"_ _1\"></span> avvia<span class=\"_ _1\"></span>mento Le agg<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>egazioni <span class=\"_ _1\"></span>di imp<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ese <span class=\"_ _1\"></span><span class=\"ff24\">sono contabilizza<span class=\"_ _2\"></span>te <span class=\"_ _1\"></span>secondo il <span class=\"_ _1\"></span>metodo <span class=\"_ _1\"></span>dell\u2019acquisizione <span class=\"_ _1\"></span>in base <span class=\"_ _1\"></span>al <span class=\"_ _2\"></span>quale <span class=\"_ _1\"></span>le att<span class=\"_ _2\"></span>ivit\u00e0, </span>le <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>potenziali <span class=\"_ _12\"> </span>identificabi<span class=\"_ _2\"></span>li <span class=\"_ _12\"> </span>dell\u2019impresa <span class=\"_ _15\"> </span>ac<span class=\"_ _3\"></span>quisita <span class=\"_ _15\"> </span>che<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>rispettano <span class=\"_ _15\"> </span><span class=\"ls6\">le</span> <span class=\"_ _12\"> </span>condizioni <span class=\"_ _12\"> </span>per l\u2019iscrizione<span class=\"ff21\"> <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span></span>l<span class=\"_ _3\"></span>\u2019IFRS<span class=\"ff21\"> <span class=\"_ _14\"></span>3 <span class=\"_ _14\"></span>sono<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>rilevate <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span><span class=\"ff26\">fair <span class=\"_ _14\"></span>value <span class=\"_ _6\"></span></span>alla <span class=\"_ _14\"></span>data <span class=\"_ _6\"></span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span>acquisizione<span class=\"_ _2\"></span>. <span class=\"_ _6\"></span>Vengono <span class=\"_ _3\"></span>quindi <span class=\"_ _3\"></span>stanziate </span>imposte <span class=\"_ _3\"></span>differite <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>anticipa<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>sulle <span class=\"_ _3\"></span>rettifiche <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>valore <span class=\"_ _14\"></span>apportate <span class=\"_ _14\"></span>ai <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>egressi <span class=\"_ _14\"></span>valor<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>contabili <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>allinearli <span class=\"_ _14\"></span>al valore corrente.<span class=\"_ _2\"></span> L\u2019applicazione<span class=\"ff21\"> <span class=\"_ _10\"> </span>del <span class=\"_\"> </span>metodo <span class=\"_ _10\"> </span></span>dell\u2019acquisizione <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span><span class=\"ls6\">la</span> <span class=\"_ _10\"> </span>sua <span class=\"_ _10\"> </span>stessa <span class=\"_ _10\"> </span>complessit\u00e0 <span class=\"_ _10\"> </span>prevede <span class=\"_ _10\"> </span>una <span class=\"_ _10\"> </span>prima <span class=\"_ _4\"> </span>fase <span class=\"_ _4\"> </span>di determinazione provvisor<span class=\"_ _2\"></span>ia dei val<span class=\"_ _3\"></span>ori correnti delle attivit\u00e0, passivit\u00e0 e passivit\u00e0 potenziali<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>acquisite, <span class=\"_ _15\"></span>tale <span class=\"_ _15\"></span>da consentire <span class=\"_ _12\"> </span>una <span class=\"_\"> </span>p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ima <span class=\"_ _11\"> </span>iscrizione <span class=\"_ _12\"> </span><span class=\"ff24\">dell\u2019operazione</span> <span class=\"_ _11\"> </span>nel <span class=\"_ _11\"> </span>bila<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>io consolidato <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>chiusura <span class=\"_ _6\"></span><span class=\"ff24\">dell\u2019eser<span class=\"_ _2\"></span>cizio <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>\u00e8 </span>stata <span class=\"_ _6\"></span>effettuata <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>\u2019aggregazi<span class=\"_ _2\"></span>one. <span class=\"_ _14\"></span>Tale <span class=\"_ _6\"></span>prima <span class=\"_ _6\"></span>iscrizione <span class=\"_ _6\"></span>viene <span class=\"_ _14\"></span>completat<span class=\"_ _2\"></span>a <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>rettificata <span class=\"_ _6\"></span>entro <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>dodic<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>mesi <span class=\"_ _14\"></span>dalla data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisizione. <span class=\"_ _3\"></span>Modifiche <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>corrispettivo <span class=\"_ _3\"></span>iniziale <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>derivano <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>eventi <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>circostanze <span class=\"_ _6\"></span>successive <span class=\"_ _3\"></span>alla data di acquisizione s<span class=\"_ _1\"></span>ono rilevate a conto econo<span class=\"_ _2\"></span>mico. L\u2019a<span class=\"_ _2\"></span>vv<span class=\"_ _2\"></span>iame<span class=\"_ _1\"></span>nto <span class=\"_ _6\"></span>de<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>van<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>dal<span class=\"_ _1\"></span>l\u2019acqu<span class=\"_ _1\"></span>isizi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _6\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>co<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span>rolla<span class=\"_ _2\"></span>ta <span class=\"_ _3\"></span>rapp<span class=\"_ _2\"></span>res<span class=\"_ _1\"></span>enta <span class=\"_ _6\"></span>l<span class=\"_ _2\"></span>\u2019ec<span class=\"_ _2\"></span>ced<span class=\"_ _2\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _14\"></span><span class=\"ff21\">di <span class=\"_ _6\"></span>acquisizione </span>rispetto <span class=\"_ _12\"> </span>alla <span class=\"_ _12\"> </span>percentuale <span class=\"_ _15\"> </span>spettante <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>Gruppo <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span><span class=\"ff26\">fair <span class=\"_ _12\"> </span>value <span class=\"_ _12\"> </span></span>delle <span class=\"_ _12\"> </span>attivit\u00e0, <span class=\"_ _11\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>potenziali identificabili <span class=\"_ _2\"></span>della cont<span class=\"_ _2\"></span>rollata alla <span class=\"_ _2\"></span>data d<span class=\"_ _2\"></span>i acquis<span class=\"_ _2\"></span>izione. N<span class=\"_ _2\"></span>el caso <span class=\"_ _2\"></span>di esercizio <span class=\"_ _2\"></span>dell\u2019opzion<span class=\"_ _2\"></span>e del <span class=\"ff27\">\u201cfull goodw<span class=\"_ _2\"></span>ill\u201d<span class=\"ff21 ls7\">, </span></span>\u00e8 consentito <span class=\"_ _1\"></span>all\u2019acquirente di <span class=\"_ _2\"></span>riconoscere <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> 100% <span class=\"_ _2\"></span>dell\u2019avvia<span class=\"_ _2\"></span>mento d<span class=\"_ _2\"></span>elle soci<span class=\"_ _2\"></span>et\u00e0 acquis<span class=\"_ _2\"></span>ite, piuttos<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o che <span class=\"_ _2\"></span>il solo<span class=\"_ _1\"></span> avviamento spe<span class=\"_ _2\"></span>ttante alla maggioranz<span class=\"_ _2\"></span>a. L\u2019avviamento<span class=\"ff21\"> derivante <span class=\"_ _3\"></span>dalla <span class=\"ff26\">business <span class=\"_ _3\"></span>combination </span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span><span class=\"ls31\">RCS</span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>determinato <span class=\"_ _3\"></span></span>con <span class=\"_ _6\"></span>l\u2019approccio <span class=\"_ _6\"></span>del consolidamento in<span class=\"_ _2\"></span>tegrale <span class=\"ff27\">\u201cfull g<span class=\"_ _2\"></span>oodwill<span class=\"ff24 ls4\">\u201d.</span><span class=\"ff21\"> </span></span>L\u2019avviamento<span class=\"ff21\"> <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _14\"></span>rilevato <span class=\"_ _14\"></span>come <span class=\"_ _14\"></span>attivit\u00e0 <span class=\"_ _14\"></span>immateriale <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>vita <span class=\"_ _14\"></span>indefinita <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>viene <span class=\"_ _7\"></span></span>ammortizza<span class=\"_ _2\"></span>to. <span class=\"_ _12\"> </span>L\u2019eventuale<span class=\"_ _2\"></span> differenza <span class=\"_ _3\"></span>positiva <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>valutate <span class=\"_ _3\"></span>a <span class=\"_ _14\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _3\"></span></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisi<span class=\"_ _2\"></span>zione <span class=\"_ _6\"></span>ed <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>prezzo <span class=\"_ _3\"></span>pagato <span class=\"_ _6\"></span>\u00e8 rilevata <span class=\"_ _12\"> </span>nel <span class=\"_ _15\"> </span>conto <span class=\"_ _12\"> </span>economico <span class=\"_ _12\"> </span>consolidato <span class=\"_ _15\"> </span>a <span class=\"_ _12\"> </span>tit<span class=\"_ _3\"></span>olo <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>provento <span class=\"_ _15\"> </span>non <span class=\"_ _8\"></span>ricorrente. <span class=\"_ _8\"></span>Essa<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>pu\u00f2 <span class=\"_ _8\"></span>essere <span class=\"_ _15\"> </span>oggetto <span class=\"_ _8\"></span>di successiva <span class=\"_ _1\"></span>rettifica <span class=\"_ _1\"></span>nel<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>periodo <span class=\"_ _1\"></span>di dodi<span class=\"_ _2\"></span>ci mesi dalla d<span class=\"_ _2\"></span>ata di acquisizi<span class=\"_ _2\"></span>one. I <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>connessi <span class=\"_ _14\"></span><span class=\"ff24\">all\u2019a<span class=\"_ _2\"></span>ggregazione<span class=\"ff21\"> <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>fanno <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>corrispettivo <span class=\"_ _6\"></span>trasferito <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>pertanto <span class=\"_ _6\"></span>rilevati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto </span></span>economico. L\u2019avviamento <span class=\"_ _12\"> </span>viene <span class=\"_ _11\"> </span>periodicamente <span class=\"_ _12\"> </span>riesaminato <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>ver<span class=\"_ _3\"></span>ificarne <span class=\"_ _12\"> </span>i <span class=\"_ _11\"> </span>presupposti <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>recuperabilit\u00e0 <span class=\"_ _12\"> </span>tramite <span class=\"_ _11\"> </span>il confronto <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>il <span class=\"_ _2\"></span>maggiore <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _1\"></span>value <span class=\"_ _2\"></span><span class=\"ff21\">e <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span><span class=\"ff26\">value <span class=\"_ _1\"></span>in us<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span><span class=\"ff21\">, <span class=\"_ _7\"></span>calcolato <span class=\"_ _1\"></span>come <span class=\"_ _2\"></span>somma<span class=\"_ _2\"></span>toria <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>flussi <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>cassa <span class=\"_ _1\"></span>futuri </span></span></span></span>attualizzati <span class=\"_ _3\"></span>generati <span class=\"_ _6\"></span>dall\u2019invest<span class=\"_ _2\"></span>im<span class=\"ff21\">ento <span class=\"_ _6\"></span>sottostante. <span class=\"_ _3\"></span>Le <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>iscritte <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>mmediatamente <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>conto </span>economico e non so<span class=\"_ _2\"></span>no successiva<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ente riprist<span class=\"_ _2\"></span>inate. Al <span class=\"_ _17\"> </span>fine <span class=\"_ _5\"> </span><span class=\"ff24\">dell\u2019analisi</span> <span class=\"_ _5\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _17\"> </span>congruit\u00e0, <span class=\"_ _5\"> </span><span class=\"ff24\">l\u2019avviamento</span> <span class=\"_ _5\"> </span>acquisito <span class=\"_ _5\"> </span><span class=\"ls17\">in</span> <span class=\"_ _17\"> </span>un\u2019aggregaz<span class=\"_ _2\"></span>ione <span class=\"_ _17\"> </span>aziendal<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>allocato, <span class=\"_ _3\"></span>alla data di <span class=\"_ _1\"></span>ac<span class=\"_ _3\"></span>quisizione, <span class=\"_ _1\"></span>alle singole <span class=\"_ _2\"></span>unit\u00e0 <span class=\"_ _2\"></span>generatrici <span class=\"_ _2\"></span>di f<span class=\"_ _2\"></span>lussi di <span class=\"_ _1\"></span>cassa del G<span class=\"_ _1\"></span>ruppo, o <span class=\"_ _2\"></span>ai grupp<span class=\"_ _2\"></span>i di <span class=\"_ _2\"></span>unit\u00e0 gen<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>atrici di <span class=\"_ _7\"> </span>flussi <span class=\"_ _8\"> </span>che <span class=\"_ _7\"> </span>dovrebbero <span class=\"_ _7\"> </span>beneficiare <span class=\"_ _7\"> </span>dalle <span class=\"_ _7\"> </span>sinergie <span class=\"_ _7\"> </span>dell\u2019aggregazione,<span class=\"ff21\"> <span class=\"_ _6\"></span>indipendentemen<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>fatto <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>altre </span>attivit\u00e0 <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span>Gruppo <span class=\"_ _16\"></span>siano assegnate a tali un<span class=\"_ _2\"></span>it\u00e0 o raggrupp<span class=\"_ _2\"></span>amenti di unit<span class=\"_ _2\"></span>\u00e0. 7.<span class=\"fc0 ls0\"> P<span class=\"_ _2\"></span>arte<span class=\"_ _1\"></span>cipaz<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i i<span class=\"_ _1\"></span>n soc<span class=\"_ _1\"></span>iet\u00e0 c<span class=\"_ _1\"></span>olleg<span class=\"_ _2\"></span>ate<span class=\"_ _1\"></span> e jo<span class=\"_ _2\"></span>int<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ntur<span class=\"_ _1\"></span>e </span>Una <span class=\"_ _6\"></span>collegata <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span><span class=\"ff24\">un\u2019impresa</span> <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>quale <span class=\"_ _6\"></span><span class=\"ls17\">il</span> <span class=\"_ _14\"></span>Gruppo,<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>pur <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>avendo <span class=\"_ _6\"></span><span class=\"ls6\">il</span> <span class=\"_ _6\"></span>controllo <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span><span class=\"ls6\">il</span> <span class=\"_ _6\"></span>controllo <span class=\"_ _6\"></span>congiunto, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>in grado di <span class=\"_ _3\"></span>esercitare <span class=\"ff24\">un\u2019influenza notevole attraverso la <span class=\"_ _3\"></span>partecipazione alle decisioni <span class=\"_ _3\"></span>sulle politiche finanziarie </span>e operative della <span class=\"_ _2\"></span>partecipata. Una <span class=\"_ _14\"></span>joint <span class=\"_ _14\"></span>venture <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _14\"></span>r<span class=\"_ _3\"></span>appresentata <span class=\"_ _14\"></span>dalle <span class=\"_ _14\"></span>partecipaz<span class=\"_ _2\"></span>ioni <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>im<span class=\"_ _3\"></span>prese <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _14\"></span>cui <span class=\"_ _14\"></span>le <span class=\"_ _7\"></span>decisioni <span class=\"_ _14\"></span>finanziarie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gestionali<span class=\"_ _2\"></span> strategiche <span class=\"_ _0\"></span><span class=\"ff24\">sull\u2019attivit\u00e0<span class=\"ff21\"> <span class=\"_ _0\"></span>economica <span class=\"_ _16\"></span>richiedono <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>consenso <span class=\"_ _0\"></span>unanime <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>tutte <span class=\"_ _2\"></span>le <span class=\"_ _1\"></span>parti c<span class=\"_ _2\"></span>he <span class=\"_ _1\"></span>condividono <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>controllo, </span></span></span></span>ai sensi dell\u2019IFR<span class=\"_ _2\"></span>S 11. I <span class=\"_ _14\"></span>ris<span class=\"_ _2\"></span>ult<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>econ<span class=\"_ _1\"></span>omic<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>e <span class=\"_ _14\"></span><span class=\"ls17\">le</span> <span class=\"_ _14\"></span>att<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>pass<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>del<span class=\"_ _2\"></span>le <span class=\"_ _14\"></span>im<span class=\"_ _2\"></span>pr<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>coll<span class=\"_ _1\"></span>egate<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>join<span class=\"_ _1\"></span>t <span class=\"_ _14\"></span>ventu<span class=\"_ _1\"></span>re <span class=\"_ _14\"></span>son<span class=\"_ _2\"></span>o <span class=\"_ _14\"></span>ril<span class=\"_ _2\"></span>eva<span class=\"_ _1\"></span>ti <span class=\"_ _8\"></span>nel <span class=\"_ _8\"></span>bilancio consolidato <span class=\"_ _7\"></span>secondo <span class=\"_ _7\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>metodo <span class=\"_ _7\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>patrimonio <span class=\"_ _7\"></span>netto. <span class=\"_ _8\"></span>Secondo <span class=\"_ _7\"></span>t<span class=\"_ _3\"></span>ale <span class=\"_ _7\"></span>metodo, <span class=\"_ _8\"></span>le <span class=\"_ _8\"></span>partecipazion<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>nelle <span class=\"_ _14\"></span>imprese collegate <span class=\"_ _a1\"> </span><span class=\"ls3\">al</span> <span class=\"_ _a1\"> </span>momento <span class=\"_ _a1\"> </span>d<span class=\"_ _2\"></span>ell\u2019acquisizione <span class=\"_ _a1\"> </span>sono <span class=\"_ _b\"> </span>rilevate <span class=\"_ _a1\"> </span>nello <span class=\"_ _a1\"> </span>stato <span class=\"_ _1c\"> </span>patrimonia<span class=\"_ _2\"></span>le <span class=\"_ _b\"> </span><span class=\"ls4\">al<span class=\"_ _3\"></span></span> <span class=\"_ _b\"> </span>costo, <span class=\"_ _b\"> </span>rettificato successivamente <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls6\">la</span> <span class=\"_ _14\"></span>frazione <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>spettanza <span class=\"_ _14\"></span>delle <span class=\"_ _6\"></span>variazioni <span class=\"_ _8\"></span>di <span class=\"_ _15\"></span>patrimon<span class=\"_ _2\"></span>io <span class=\"_ _8\"></span>netto <span class=\"_ _8\"></span>della <span class=\"_ _15\"></span>collegata <span class=\"_ _8\"></span>stessa. <span class=\"_ _8\"></span>Le perdite <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>collegate ec<span class=\"_ _2\"></span>cedenti <span class=\"_ _1\"></span>la quota <span class=\"_ _1\"></span>di interessen<span class=\"_ _2\"></span>za <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>Gruppo nelle<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>esse <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>sono rilevate,<span class=\"_ _2\"></span> a <span class=\"_ _1\"></span>meno <span class=\"_ _2\"></span>che il <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _10\"> </span>non <span class=\"_ _f\"> </span>abbia <span class=\"_ _10\"> </span>assunto <span class=\"_\"> </span>una <span class=\"_ _11\"> </span>obbligazione <span class=\"_ _11\"> </span>per <span class=\"_\"> </span><span class=\"ls6\">la</span> <span class=\"_ _11\"> </span>copertura <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>stesse. <span class=\"_\"> </span>L\u2019ecc<span class=\"_ _2\"></span>edenza <span class=\"_ _11\"> </span>del <span class=\"_\"> </span>costo <span class=\"_ _11\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> acquisizione <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>percentuale <span class=\"_ _1\"></span>spettante <span class=\"_ _1\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>corrente d<span class=\"_ _1\"></span>elle <span class=\"_ _2\"></span>attivit\u00e0, <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 potenziali i<span class=\"_ _3\"></span>dentificabil<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>dell<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>collegata <span class=\"_ _3\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>acquisizione <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>riconosciuta <span class=\"_ _3\"></span>come <span class=\"_ _3\"></span>avviamento. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>valore di carico dell\u2019inve<span class=\"_ _2\"></span>stimento \u00e8 assogget<span class=\"_ _2\"></span>tato annualmen<span class=\"_ _2\"></span>te a test di <span class=\"ff26\">imp<span class=\"_ _2\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _2\"></span><span class=\"ff21\">.<span class=\"_ _2\"></span> </span></span>Il mi<span class=\"_ _3\"></span>nor valore <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>di acquisizione rispetto <span class=\"_ _3\"></span>alla per<span class=\"_ _3\"></span>centuale di <span class=\"_ _3\"></span>spettanza del <span class=\"_ _3\"></span>Gruppo del<span class=\"_ _6\"></span> <span class=\"ff26\">fair value </span>delle attivit\u00e0 <span class=\"_ _8\"></span>e <span class=\"_ _15\"></span>passiv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _8\"></span>identificabili <span class=\"_ _8\"></span>della <span class=\"_ _8\"></span>collegata <span class=\"_ _8\"></span>alla <span class=\"_ _8\"></span>data<span class=\"_ _3\"></span> <span class=\"_ _8\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _8\"></span>acquisizione <span class=\"_ _8\"></span>\u00e8 <span class=\"_ _12\"> </span>accreditato <span class=\"_ _8\"></span>a <span class=\"_ _12\"> </span>conto <span class=\"_ _12\"> </span>economico nell\u2019esercizio.<span class=\"ff21\"> </span>Nel <span class=\"_ _1\"></span>caso <span class=\"_ _2\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>una <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _1\"></span>collegata <span class=\"_ _1\"></span>o <span class=\"ff26\">jo<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>nt <span class=\"_ _1\"></span>venture <span class=\"_ _1\"></span><span class=\"ff21\">rilevi r<span class=\"_ _2\"></span>ettifiche <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>diretta <span class=\"_ _16\"></span>imputazione <span class=\"_ _1\"></span>al p<span class=\"_ _2\"></span>atrimonio <span class=\"_ _1\"></span>netto </span></span></span></span>e/o <span class=\"_ _1\"></span>nel <span class=\"_ _2\"></span>prospetto <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _1\"></span>complessivo, <span class=\"_ _1\"></span>il G<span class=\"_ _1\"></span>ruppo iscrive <span class=\"_ _16\"></span>a s<span class=\"_ _2\"></span>ua <span class=\"_ _1\"></span>volta <span class=\"_ _1\"></span>la r<span class=\"_ _2\"></span>elativa <span class=\"_ _1\"></span>quota <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>pertinenza<span class=\"_ _2\"></span> nel <span class=\"_ _6\"></span>patrimonio <span class=\"_ _3\"></span>netto <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ne <span class=\"_ _6\"></span>d\u00e0 <span class=\"_ _6\"></span>rappresentazione, <span class=\"_ _3\"></span>ove <span class=\"_ _6\"></span>applicabile, <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>prospet<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>variazioni <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>patrimonio netto e/o nel prosp<span class=\"_ _2\"></span>etto delle<span class=\"_ _2\"></span> altre component<span class=\"_ _2\"></span>i di conto econo<span class=\"_ _2\"></span>mico comples<span class=\"_ _2\"></span>sivo. Un\u2019eventuale<span class=\"ff21\"> <span class=\"_ _12\"> </span><span class=\"ls7\">pe<span class=\"_ _3\"></span></span>rdita <span class=\"_ _11\"> </span>per <span class=\"_ _12\"> </span>riduzione <span class=\"_ _11\"> </span><span class=\"ls7\">di</span> <span class=\"_\"> </span>va<span class=\"_ _2\"></span>lore <span class=\"_ _11\"> </span>della <span class=\"_ _11\"> </span>partecipazione<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>rilevata <span class=\"_ _12\"> </span><span class=\"ls4\">ai</span> <span class=\"_\"> </span>s<span class=\"_ _1\"></span>ens<span class=\"_ _3\"></span>i <span class=\"_ _11\"> </span>dello <span class=\"_ _12\"> </span>IAS <span class=\"_ _11\"> </span>36 <span class=\"_ _17\"> </span>non <span class=\"_ _17\"> </span>\u00e8 </span>riconducibile <span class=\"_ _b\"> </span><span class=\"ff24\">all\u2019avviamento</span> <span class=\"_ _b\"> </span>n\u00e9 <span class=\"_ _a1\"> </span>alla <span class=\"_ _b\"> </span>valutazione <span class=\"_ _b\"> </span>a <span class=\"_ _b\"> </span><span class=\"ff26\">fair <span class=\"_ _a1\"> </span>value <span class=\"_ _b\"> </span></span>di <span class=\"_ _a1\"> </span>attivit\u00e0 <span class=\"_ _b\"> </span>iscritte <span class=\"_ _10\"> </span>nel <span class=\"_ _10\"> </span>bilancio <span class=\"_ _10\"> </span>della partecipazione collegata, <span class=\"_ _3\"></span>bens\u00ec <span class=\"_ _6\"></span>al valore <span class=\"_ _6\"></span>della partecipazione <span class=\"_ _3\"></span>nel <span class=\"_ _6\"></span>suo complesso. <span class=\"_ _3\"></span>Pertanto <span class=\"_ _6\"></span>qual<span class=\"_ _2\"></span>siasi <span class=\"_ _3\"></span>ripristino di <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _12\"> </span>rilevato <span class=\"_ _8\"></span>i<span class=\"_ _3\"></span>ntegral<span class=\"_ _2\"></span>mente <span class=\"_ _15\"> </span>nella <span class=\"_ _15\"> </span>misura <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>cui <span class=\"_ _15\"> </span>il <span class=\"_ _12\"> </span>valore <span class=\"_ _15\"> </span>recuperabile <span class=\"_ _15\"></span>della <span class=\"_ _15\"> </span>partecipazion<span class=\"_ _2\"></span>e <span class=\"_ _15\"> </span>aumenti successiv<span class=\"ff24\">amente <span class=\"_ _2\"></span>in base al risul<span class=\"_ _2\"></span>tato dell\u2019<span class=\"ff26\">impairment <span class=\"_ _2\"></span>test<span class=\"ff21\">. </span></span></span>Con riferimento a<span class=\"_ _2\"></span>lle operazioni in<span class=\"_ _2\"></span>tercorse fra <span class=\"ff24\">un\u2019<span class=\"_ _2\"></span>impresa<span class=\"ff21\"> del Gru<span class=\"_ _2\"></span>ppo e una col<span class=\"_ _2\"></span>legata, gli ut<span class=\"_ _2\"></span>ili <span class=\"_ _14\"></span>e <span class=\"ls6\">le</span> p<span class=\"_ _2\"></span>erdite non </span></span>realizzati <span class=\"_ _8\"></span>sono <span class=\"_ _8\"></span>eliminati <span class=\"_ _15\"></span><span class=\"ls6\">in</span> <span class=\"_ _8\"></span>misura <span class=\"_ _8\"></span>pari <span class=\"_ _15\"> </span>alla <span class=\"_ _15\"></span>percentu<span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _15\"></span><span class=\"ls7\">di</span> <span class=\"_ _15\"> </span>partecipazione <span class=\"_ _8\"></span>del <span class=\"_ _11\"> </span>Gruppo <span class=\"_\"> </span>nella <span class=\"_\"> </span>collega<span class=\"_ _2\"></span>ta, <span class=\"_\"> </span>ad eccezione <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>caso <span class=\"_ _11\"> </span>in <span class=\"_ _11\"> </span>cui <span class=\"_ _11\"> </span>le <span class=\"_ _11\"> </span>perdite <span class=\"_ _11\"> </span>non <span class=\"_ _11\"> </span>realizzate <span class=\"_ _12\"> </span>costituiscano <span class=\"_ _11\"> </span>l\u2019evidenza <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>una <span class=\"_ _11\"> </span>riduzione <span class=\"_ _11\"> </span>nel <span class=\"_ _11\"> </span>valore dell\u2019attivit\u00e0 t<span class=\"_ _2\"></span>rasferita.<span class=\"ff21 fs0\"> </span>8. R<span class=\"_ _2\"></span>ico<span class=\"_ _2\"></span>nos<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>dei<span class=\"_ _1\"></span> costi<span class=\"_ _2\"></span> e <span class=\"_ _2\"></span>ric<span class=\"_ _1\"></span>avi I costi <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>ricavi ed i <span class=\"_ _3\"></span>proventi ed <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>sono rilevati secondo il <span class=\"_ _3\"></span>principio di <span class=\"_ _3\"></span>competenza economica e temporale ed in particolare:<span class=\"_ _2\"></span> <span class=\"ff21 fs2 fc0\">I <span class=\"_ _16\"></span>rica<span class=\"_ _3\"></span>vi <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>rilevati <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>conto <span class=\"_ _16\"></span>economico <span class=\"_ _1\"></span>quando <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>soddisfatti <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>criteri <span class=\"_ _16\"></span>previsti <span class=\"_ _1\"></span><span class=\"ff24\">dal<span class=\"_ _2\"></span>l\u2019I<span class=\"_ _1\"></span>FRS1<span class=\"_ _1\"></span>5.<span class=\"ff21\"> </span></span></span><span class=\"ff21 fs2 fc0\">I <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>nella misura <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>probabile <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>societ\u00e0 affluiranno i <span class=\"_ _6\"></span>benefici economici e <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>oro </span>ammontare pu\u00f2 <span class=\"_ _3\"></span>essere det<span class=\"_ _3\"></span>erminato in <span class=\"_ _3\"></span>modo <span class=\"_ _3\"></span>attendibile. I <span class=\"_ _3\"></span>ricavi<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sono rappresentati al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>eventuali poste rettificative.<span class=\"_ _2\"></span> <span class=\"ff21 fs2 fc0\">I <span class=\"_ _6\"></span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>la <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>spazi <span class=\"_ _14\"></span>pubblicita<span class=\"_ _2\"></span>ri <span class=\"_ _6\"></span>sui <span class=\"_ _14\"></span>mezzi <span class=\"_ _6\"></span>tradizional<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>considerano <span class=\"_ _6\"></span>realizzat<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>della </span>prestazione <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>coincide <span class=\"_ _3\"></span>con <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>diffusione <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>messaggio <span class=\"_ _6\"></span>pubblicitario <span class=\"_ _3\"></span>(TV) <span class=\"_ _6\"></span>o <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>dat<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>pubblicazione <span class=\"_ _6\"></span>dell<span class=\"_ _2\"></span>a testata (stampa). <span class=\"ff21 fs2 fc0\">I ricavi pubblicitari realizza<span class=\"_ _2\"></span>ti nel comparto digital<span class=\"_ _2\"></span>e sono rilevati <span class=\"ls4\">al</span> mo<span class=\"_ _2\"></span>mento della diffus<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>pubblic<span class=\"_ _2\"></span>azione </span>del messaggio. I <span class=\"_ _5\"> </span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _5\"> </span>relativi <span class=\"_ _17\"> </span>alle <span class=\"_ _5\"> </span>testate <span class=\"_ _5\"> </span>editoriali <span class=\"_ _5\"> </span>(quotidiani <span class=\"_ _5\"> </span>e <span class=\"_ _17\"> </span>periodici) <span class=\"_ _5\"> </span>sono <span class=\"_ _5\"> </span>normalmente <span class=\"_ _5\"> </span>rilevati <span class=\"_ _8\"></span>alla <span class=\"_ _8\"></span>data <span class=\"_ _8\"></span>di pubblicazione, a<span class=\"_ _2\"></span>l netto dei resi rag<span class=\"_ _2\"></span>ionevolmente <span class=\"_ _2\"></span>stimati e al lo<span class=\"_ _2\"></span>rdo dell\u2019aggio <span class=\"_ _2\"></span>di <span class=\"_ _3\"></span><span class=\"ff21\">di<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>e.<span class=\"_ _2\"></span> </span><span class=\"ff21 fs2 fc0\">I <span class=\"_ _6\"></span>ricavi <span class=\"_ _3\"></span>relativi <span class=\"_ _6\"></span>alla <span class=\"_ _3\"></span>vendita <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>abbonamenti <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>pubblic<span class=\"_ _2\"></span>azioni <span class=\"_ _3\"></span>relative <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>periodo <span class=\"_ _3\"></span>di </span>competenza ed e<span class=\"_ _2\"></span>ffettivame<span class=\"_ _2\"></span>nte spedite. I <span class=\"_ _14\"></span>ricavi <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>servizi <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>riconosciuti <span class=\"_ _14\"></span>alla <span class=\"_ _14\"></span>data <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>loro <span class=\"_ _14\"></span>maturazione, <span class=\"_ _14\"></span>come <span class=\"_ _14\"></span>definita <span class=\"_ _14\"></span>nei <span class=\"_ _14\"></span>rispettivi <span class=\"_ _8\"></span>contratti, <span class=\"_ _15\"> </span>in particolare <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>relativi <span class=\"_ _3\"></span>all\u2019attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>distribuzione <span class=\"_ _6\"></span>(aggio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>distribuzione) <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>rico<span class=\"_ _6\"></span><span class=\"ff21\">nosciuti <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>momento </span>della spedizione a<span class=\"_ _2\"></span>lla rete distribu<span class=\"_ _2\"></span>tiva. I <span class=\"_ _15\"></span>ricavi <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span><span class=\"ls6\">le</span> <span class=\"_ _15\"> </span>sponsorizzazion<span class=\"_ _2\"></span>i <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>eventi <span class=\"_ _15\"></span>sportivi <span class=\"_ _8\"></span>e <span class=\"_ _15\"> </span>per <span class=\"_ _12\"> </span>l\u2019organizz<span class=\"_ _2\"></span>azione <span class=\"_ _15\"> </span><span class=\"ls7\">di</span> <span class=\"_ _12\"> </span>eventi <span class=\"_ _15\"></span>sono <span class=\"_ _8\"></span>r<span class=\"_ _3\"></span>ilevati <span class=\"_ _11\"> </span>alla <span class=\"_\"> </span>data<span class=\"_ _2\"></span> dell\u2019evento, tenu<span class=\"_ _2\"></span>to conto de<span class=\"_ _2\"></span>lla limitata estens<span class=\"_ _2\"></span>ione temporale a<span class=\"_ _2\"></span>ttribuibile a <span class=\"_ _2\"></span>tali <span class=\"_ _3\"></span><span class=\"ff21\">eve<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ti.<span class=\"_ _16\"></span> </span><span class=\"ff21 fs2 fc0\">Le royalties sono ricon<span class=\"_ _2\"></span>osciute alla da<span class=\"_ _2\"></span>ta di loro matu<span class=\"_ _2\"></span>razione, come d<span class=\"_ _2\"></span>efinita nei ri<span class=\"_ _2\"></span>spettivi cont<span class=\"_ _1\"></span>ratti<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> </span><span class=\"ff21 fs2 fc0\">I <span class=\"_ _14\"></span>cost<span class=\"_ _3\"></span>i <span class=\"_ _14\"></span>sostenuti <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>la <span class=\"_ _7\"></span>pre-pubblicazione <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>lancio <span class=\"_ _14\"></span>delle <span class=\"_ _14\"></span>nuove <span class=\"_ _14\"></span>testate <span class=\"_ _7\"></span>sono <span class=\"_ _14\"></span>addebitati <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>conto <span class=\"_ _14\"></span>economico </span>quando sostenuti. <span class=\"ff24 fs2 fc0\">I <span class=\"_ _6\"></span>cost<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _14\"></span>altri <span class=\"_ _6\"></span>oneri <span class=\"_ _6\"></span>operativi <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevati <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>componenti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>risultato <span class=\"_ _14\"></span>d\u2019es<span class=\"_ _2\"></span>ercizi<span class=\"_ _3\"></span><span class=\"ff21\">o <span class=\"_ _14\"></span>nel <span class=\"_ _6\"></span>momento <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>cui </span></span>sono <span class=\"_ _3\"></span>sostenuti in <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>al principio <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>competenza economica e <span class=\"_ _3\"></span>temporale <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>regola i <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>quando non hanno requisiti pe<span class=\"_ _2\"></span>r il differi<span class=\"_ _2\"></span>mento come attivi<span class=\"_ _2\"></span>t\u00e0 nello stato p<span class=\"_ _2\"></span>atrimoniale. <span class=\"ff21 fs2 fc0\">Gli interessi attivi e pas<span class=\"_ _2\"></span>sivi sono rileva<span class=\"_ _2\"></span>ti in applicazio<span class=\"_ _2\"></span>ne del pr<span class=\"_ _2\"></span>incipio della co<span class=\"_ _2\"></span>mpetenza te<span class=\"_ _2\"></span>mporale. </span><span class=\"ff21 fs2 fc0\">I dividendi sono rilevati quando s<span class=\"_ _2\"></span>i stabilisce il diritto degl<span class=\"_ _2\"></span>i azionisti a ricever<span class=\"_ _2\"></span>ne il pagamen<span class=\"_ _2\"></span>to ovvero alla data<span class=\"_ _2\"></span> </span>della delibera as<span class=\"_ _2\"></span>sembleare. I riaddebiti di costi sost<span class=\"_ _2\"></span>enuti per con<span class=\"_ _2\"></span>to di terzi sono r<span class=\"_ _2\"></span>ilevati a ridu<span class=\"_ _2\"></span>zione del costo<span class=\"_ _2\"></span> a cui si correl<span class=\"_ _2\"></span>ano<span class=\"_ _3\"></span>. 9. I<span class=\"_ _1\"></span>mpost<span class=\"_ _2\"></span>e Le<span class=\"ls0\"> <span class=\"_ _0\"></span>imposte <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>rappresentano <span class=\"_ _0\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _0\"></span>somma <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>imposte <span class=\"_ _0\"></span>correnti, <span class=\"_ _0\"></span>differite <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>anticipate. <span class=\"_ _16\"></span>Le <span class=\"_ _1\"></span>imposte <span class=\"_ _1\"></span>corrent<span class=\"ls17\">i </span></span></span></span>sono <span class=\"_ _1\"></span>basate <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>isultato <span class=\"_ _1\"></span>imponibile <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>periodo. <span class=\"_ _1\"></span>Il <span class=\"_ _2\"></span>reddito <span class=\"_ _16\"></span>imponibile <span class=\"_ _1\"></span>differisce <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>isultato <span class=\"_ _1\"></span>riportato <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>conto economico poich\u00e9 esclude componen<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>i positive e negative che saranno tassabili o deducibili in altri esercizi e esclude componen<span class=\"_ _2\"></span>ti che no<span class=\"_ _2\"></span>n saranno mai tassabili <span class=\"_ _2\"></span>o deducibili. Le passivit\u00e0 pe<span class=\"_ _2\"></span>r imposte corren<span class=\"_ _2\"></span>ti sono calcolat<span class=\"_ _2\"></span>e utilizzando l<span class=\"_ _2\"></span>e aliquote vigent<span class=\"_ _2\"></span>i alla data di bi<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>o.<span class=\"_ _1\"></span> A <span class=\"_ _17\"> </span>partire <span class=\"_ _17\"> </span>dal <span class=\"_ _5\"> </span>periodo <span class=\"_ _17\"> </span>d\u2019imposta <span class=\"_ _5\"> </span>2021 <span class=\"_ _17\"> </span>Cairo <span class=\"_ _17\"> </span>Communication <span class=\"_ _5\"> </span>e <span class=\"_ _17\"> </span>RCS <span class=\"_ _17\"> </span>MediaGro<span class=\"_ _2\"></span>up <span class=\"_ _17\"> </span>hanno <span class=\"_ _17\"> </span>eser<span class=\"_ _2\"></span>citato congiuntamente <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>\u2019opzione <span class=\"_ _3\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _14\"></span>regime <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>fiscale <span class=\"_ _6\"></span>nazionale <span class=\"_ _6\"></span>avente <span class=\"_ _14\"></span><span class=\"ff21\">Cairo <span class=\"_ _6\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _6\"></span>quale </span>societ\u00e0 <span class=\"_ _1\"></span>consolidante. A<span class=\"_ _2\"></span>nche <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>controllate <span class=\"_ _1\"></span>da RC<span class=\"_ _1\"></span>S MediaGroup, <span class=\"_ _2\"></span>laddove <span class=\"_ _2\"></span><span class=\"ls7\">ne<span class=\"ls0\"> sussistevan<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span> presupp<span class=\"_ _2\"></span>osti, </span></span></span></span>hanno aderito a <span class=\"_ _2\"></span>tale consolidato <span class=\"_ _2\"></span>fiscale, Le societ\u00e0 cont<span class=\"_ _2\"></span>rollate adere<span class=\"_ _2\"></span>nti sono<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>ertan<span class=\"_ _1\"></span>to: <span class=\"ff21 fs2 fc0\">Cairo Editore, Cairo Publ<span class=\"_ _2\"></span>ishing, La7, CA<span class=\"_ _2\"></span>IRORC<span class=\"_ _2\"></span>S Media e Cairo Network, </span><span class=\"ff21 fs2 fc0\">RCS <span class=\"_ _16\"></span>Me<span class=\"_ _3\"></span>diagroup <span class=\"_ _16\"></span>S.p.A. <span class=\"_ _16\"></span>Trovolavoro, <span class=\"_ _16\"></span>RCS <span class=\"_ _16\"></span>Sport, <span class=\"_ _16\"></span>RCS <span class=\"_ _1\"></span>Produzioni <span class=\"_ _16\"></span>Padova, <span class=\"_ _16\"></span>Sfera <span class=\"_ _1\"></span>Service, <span class=\"_ _16\"></span>Blei <span class=\"_ _16\"></span>in <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>iquidazione,<span class=\"_ _2\"></span> </span>RCS <span class=\"_ _7\"></span>Produzioni, <span class=\"_ _8\"></span>Digital <span class=\"_ _8\"></span>Factory, <span class=\"_ _8\"></span>RCS <span class=\"_ _7\"></span>Produzioni <span class=\"_ _7\"></span>Milano<span class=\"_ _3\"></span>, <span class=\"_ _8\"></span>M-dis <span class=\"_ _8\"></span>Distribuzione <span class=\"_ _7\"></span>Media, <span class=\"_ _8\"></span>To-dis <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>infine <span class=\"_ _8\"></span>le societ\u00e0 RCS Spor<span class=\"_ _2\"></span>ts &amp; Even<span class=\"_ _2\"></span>ts e Mybeautybox Cairo Communication fun<span class=\"_ _2\"></span>ge da societ\u00e0 consolidante e determina un<span class=\"_ _2\"></span>a unica base imponibile <span class=\"_ _3\"></span>per <span class=\"_ _11\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _11\"> </span>gruppo <span class=\"_ _11\"> </span><span class=\"ls7\">di</span> societ\u00e0 <span class=\"_\"> </span>aderenti <span class=\"_\"> </span><span class=\"ls3\">al</span> <span class=\"_\"> </span>consolidato <span class=\"_\"> </span>fiscale, <span class=\"_\"> </span>che <span class=\"_\"> </span>b<span class=\"_ _2\"></span>eneficia <span class=\"_\"> </span><span class=\"ls6\">in</span> <span class=\"_\"> </span>tal <span class=\"_\"> </span>mod<span class=\"_ _2\"></span>o <span class=\"_\"> </span>della <span class=\"_ _6\"></span>possibilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>compensare <span class=\"_ _6\"></span>redditi imponibili <span class=\"_ _8\"></span>con <span class=\"_ _12\"> </span>perdite <span class=\"_ _15\"></span>fiscali <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>una <span class=\"_ _15\"> </span>unica <span class=\"_ _15\"> </span>dichiarazione. <span class=\"_ _12\"> </span>Le <span class=\"_ _15\"> </span>passivit\u00e0 <span class=\"_ _15\"> </span>fiscali <span class=\"_ _15\"> </span>differite <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>generalmente rilevate per tutte le di<span class=\"_ _2\"></span>fferenze temporan<span class=\"_ _2\"></span>ee imponibili, <span class=\"_ _2\"></span>mentre le attiv<span class=\"_ _2\"></span>it\u00e0 fiscali riferi<span class=\"_ _2\"></span>te a imposte anticipa<span class=\"_ _2\"></span>te o a futuri <span class=\"_ _15\"> </span>benefici <span class=\"_ _12\"> </span>fiscali <span class=\"_ _1c8\"> </span>sono <span class=\"_ _14\"></span><span class=\"ls5\">ri</span>levate <span class=\"_ _14\"></span>nella <span class=\"_ _14\"></span>misura <span class=\"_ _14\"></span><span class=\"ls6\">in</span> <span class=\"_ _7\"></span>cui <span class=\"_ _14\"></span><span class=\"ls34\">si</span> <span class=\"_ _14\"></span>r<span class=\"_ _3\"></span>itenga <span class=\"_ _14\"></span>probabile <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>vi <span class=\"_ _7\"></span>saranno <span class=\"_ _14\"></span>risultati <span class=\"_ _14\"></span>fiscali imponibili <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _15\"></span>futuro <span class=\"_ _8\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>consentano <span class=\"_ _15\"> </span><span class=\"ff24\">l\u2019utilizzo</span> <span class=\"_ _15\"></span>delle <span class=\"_ _8\"></span>differenze <span class=\"_ _15\"> </span>temporanee <span class=\"_ _8\"></span>deducibili. <span class=\"_ _15\"> </span><span class=\"ls9\">Le</span> <span class=\"_ _15\"> </span>imposte di<span class=\"_ _2\"></span>fferite sono calcolate in <span class=\"_ _3\"></span>base all\u2019aliquota fiscale che si <span class=\"_ _3\"></span>prevede sar\u00e0 i<span class=\"_ _3\"></span>n vigore al <span class=\"_ _3\"></span>momento del realizzo dell\u2019attivit\u00e0 o dell\u2019estinzione <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>considerazione <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>normativa <span class=\"_ _3\"></span>fiscale <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>vigore <span class=\"_ _3\"></span>all<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _3\"></span>del bilancio. <span class=\"_ _3\"></span>Gli <span class=\"_ _3\"></span>effetti, <span class=\"_ _3\"></span>ove <span class=\"_ _3\"></span>rilevanti, di <span class=\"_ _3\"></span>variazioni <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_ _8\"></span>aliquote <span class=\"_ _7\"></span>f<span class=\"_ _3\"></span>iscali <span class=\"_ _8\"></span>o <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>norme <span class=\"_ _7\"></span>tributarie <span class=\"_ _7\"></span>sono <span class=\"_ _8\"></span>descritti <span class=\"_ _8\"></span>nelle note <span class=\"_ _15\"> </span>esplicative. <span class=\"_ _15\"> </span><span class=\"ls9\">Le<span class=\"_ _3\"></span></span> <span class=\"_ _15\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>passivit\u00e0 <span class=\"_ _15\"> </span>fiscali <span class=\"_ _15\"> </span>differite <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"></span>esposte <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span><span class=\"ls17\">il</span> <span class=\"_ _12\"> </span>saldo <span class=\"_ _15\"></span>netto <span class=\"_ _15\"> </span>quando <span class=\"_ _15\"> </span><span class=\"ls7\">vi</span> <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _15\"> </span>un diritto <span class=\"_ _14\"></span>legale <span class=\"_ _14\"></span>a compensare<span class=\"_ _2\"></span> le imposte correnti attive e passiv<span class=\"_ _2\"></span>e e quando si riferiscono ad impos<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>e dovute alla medesima autor<span class=\"_ _2\"></span>it\u00e0 fiscale. Le impos<span class=\"_ _2\"></span>te differite no<span class=\"_ _2\"></span>n sono attualizza<span class=\"_ _2\"></span>te. Il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>valuta <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>recuperabilit\u00e0 <span class=\"_ _1\"></span>delle <span class=\"_ _16\"></span>atti<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _16\"></span>fiscali <span class=\"_ _1\"></span>differite <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>pre<span class=\"_ _3\"></span>visioni <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>imponibili <span class=\"_ _1\"></span>futuri attesi <span class=\"_ _7\"></span>tenendo <span class=\"_ _7\"></span>anche <span class=\"_ _8\"></span>in <span class=\"_ _7\"></span>considerazione <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>effetti <span class=\"_ _7\"></span>futuri <span class=\"_ _8\"></span>rivenienti <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>differenze <span class=\"_ _7\"></span>temporanee <span class=\"_ _7\"></span>su <span class=\"_ _8\"></span>cui <span class=\"_ _7\"></span>sono iscritte passivit\u00e0 f<span class=\"_ _2\"></span>iscali diff<span class=\"_ _2\"></span>erite 10. U<span class=\"_ _2\"></span>til<span class=\"_ _1\"></span>e per<span class=\"_ _1\"></span> azio<span class=\"_ _2\"></span>ne L\u2019utile <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>az<span class=\"_ _3\"></span>ione <span class=\"_ _15\"> </span>base <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _15\"> </span>determinato <span class=\"_ _15\"> </span>come <span class=\"_ _15\"> </span>r<span class=\"_ _3\"></span>apporto <span class=\"_ _15\"></span><span class=\"ls6\">tra</span> <span class=\"_ _15\"></span><span class=\"ls6\">il</span> <span class=\"_ _15\"> </span>risultato <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>periodo <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>pertinenza <span class=\"_ _15\"> </span>del <span class=\"_ _7\"></span>Grup<span class=\"_ _2\"></span>po attr<span class=\"_ _1\"></span>ibuib<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>alle<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>azio<span class=\"_ _2\"></span>ni <span class=\"_ _16\"></span>ordin<span class=\"_ _1\"></span>arie <span class=\"_ _1\"></span>ed <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span>nume<span class=\"_ _1\"></span>ro <span class=\"_ _1\"></span>medio <span class=\"_ _16\"></span>pon<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ato<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>azion<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>ord<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>e in <span class=\"_ _1\"></span>ci<span class=\"_ _3\"></span>rcolazione nel<span class=\"_ _2\"></span>l\u2019esercizio. 11.<span class=\"fc0 ls0\"> Im<span class=\"_ _2\"></span>mobi<span class=\"_ _2\"></span>li,<span class=\"_ _1\"></span> impia<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>i e<span class=\"_ _1\"></span> mac<span class=\"_ _2\"></span>chi<span class=\"_ _2\"></span>nar<span class=\"_ _1\"></span>i </span>Sono <span class=\"_ _14\"></span>iscritti <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>condizione <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>costo <span class=\"_ _14\"></span>sia <span class=\"_ _7\"></span>attendibilm<span class=\"_ _2\"></span>ente <span class=\"_ _14\"></span>determinabile <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>i <span class=\"_ _14\"></span>relativi <span class=\"_ _14\"></span>benefici <span class=\"_ _14\"></span>economici futuri possano esse<span class=\"_ _2\"></span>re realiz<span class=\"_ _2\"></span>zati dal Gruppo. Sono <span class=\"_ _1\"></span>iscritti <span class=\"_ _1\"></span>al <span class=\"_ _2\"></span>costo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acquisto <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di produ<span class=\"_ _2\"></span>zione, <span class=\"_ _1\"></span>comprensivo <span class=\"_ _16\"></span>degli <span class=\"_ _2\"></span>oneri <span class=\"_ _16\"></span>accessori <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>costi <span class=\"_ _2\"></span>diretti <span class=\"_ _16\"></span>e <span class=\"_ _2\"></span>indiretti di produzione per <span class=\"_ _2\"></span>la quota ragionevol<span class=\"_ _2\"></span>mente impu<span class=\"_ _2\"></span>tabile al bene. Le<span class=\"ls0\"> <span class=\"_ _16\"></span>immobilizzazioni <span class=\"_ _0\"></span>materiali <span class=\"_ _16\"></span>sono <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>stematica<span class=\"_ _2\"></span>mente <span class=\"_ _16\"></span>ammortizzate <span class=\"_ _0\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>ogni <span class=\"_ _16\"></span>esercizio <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>quote <span class=\"_ _1\"></span>costanti <span class=\"_ _1\"></span>sulla base<span class=\"_ _2\"></span> </span></span></span>di <span class=\"_ _1\"></span>aliquote <span class=\"_ _1\"></span>economico-tecniche <span class=\"_ _16\"></span>determinate <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>relazione <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>residue <span class=\"_ _1\"></span>possibilit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>utilizzo <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>beni. <span class=\"_ _1\"></span>Le <span class=\"_ _2\"></span>aliquote<span class=\"_ _2\"></span> di ammortamen<span class=\"_ _2\"></span>to utilizzate sono <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e seguenti: Im<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1c9\"> </span>3<span class=\"_ _1\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _1\"></span>%Attr<span class=\"_ _2\"></span>ez<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> vari<span class=\"_ _16\"></span>a<span class=\"_ _1ca\"> </span>1<span class=\"_ _1\"></span>2% - <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>%Im<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span>nari<span class=\"_ _1cb\"> </span>5<span class=\"_ _1\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _1\"></span>%Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> ben<span class=\"_ _2\"></span>i<span class=\"_ _1cc\"> </span>1<span class=\"_ _1\"></span>0% - <span class=\"_ _3\"></span>5<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>%I terreni non vengono <span class=\"_ _1\"></span>as<span class=\"_ _3\"></span>sogget<span class=\"_ _2\"></span>tati ad amm<span class=\"_ _2\"></span>ort<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>to. Nel <span class=\"_ _f\"> </span>primo <span class=\"_ _f\"> </span>anno <span class=\"_ _10\"> </span>le <span class=\"_ _4\"> </span>aliqu<span class=\"_ _1\"></span>ot<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>applicate <span class=\"_ _10\"> </span>tengono <span class=\"_ _f\"> </span>conto <span class=\"_ _f\"> </span>dell\u2019effettivo <span class=\"_ _10\"> </span>utilizzo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>bene <span class=\"_ _10\"> </span>in <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>d\u2019anno, l\u2019ammortamento <span class=\"_ _2\"></span>inizia quando le<span class=\"ff21\"> </span>atti<span class=\"_ _2\"></span>vit\u00e0 sono pronte <span class=\"_ _1\"></span>per<span class=\"_ _3\"></span> l\u2019uso.<span class=\"ff21\"> </span>La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _2\"></span>ile <span class=\"_\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _11\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_\"> </span>criterio <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_\"> </span>ammortam<span class=\"_ _2\"></span>ento <span class=\"_\"> </span>sono <span class=\"_\"> </span>r<span class=\"_ _2\"></span>ivisti <span class=\"_\"> </span>period<span class=\"_ _2\"></span>icamente <span class=\"_\"> </span><span class=\"ls4\">e,<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls4a\">si</span> <span class=\"_\"> </span>riscontrino <span class=\"_\"> </span>rilevanti </span></span>cambiamenti rispe<span class=\"_ _2\"></span>tto alle assunzion<span class=\"_ _2\"></span>i adottate in precedenza, <span class=\"_ _2\"></span>la quota di ammort<span class=\"_ _2\"></span>amento viene rett<span class=\"_ _2\"></span>ificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff24\">\u201cprospe<span class=\"_ _2\"></span>ttico\u201d.<span class=\"ff21\"> </span></span>Le <span class=\"_ _12\"> </span>spese <span class=\"_ _12\"> </span>incrementative <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>manutenzione <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>producono <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>significativ<span class=\"_ _2\"></span>o <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>tangibile <span class=\"_ _12\"> </span>incremento <span class=\"_ _12\"> </span>della capacit\u00e0 <span class=\"_ _16\"></span>produttiva <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>sicurezza <span class=\"_ _16\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>cespiti <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>comportano <span class=\"_ _16\"></span>un <span class=\"_ _1\"></span>allungamento <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>vita <span class=\"_ _3\"></span>utile <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>stessi, vengono <span class=\"_ _8\"></span>capitalizza<span class=\"_ _2\"></span>te <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>portate <span class=\"_ _7\"></span><span class=\"ls4\">ad</span> <span class=\"_ _8\"></span>incremento del cespite su cui vengono<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>realizzate. I costi di manutenz<span class=\"_ _2\"></span>ione aventi natura o<span class=\"_ _2\"></span>rdinaria sono imput<span class=\"_ _2\"></span>ati direttam<span class=\"_ _2\"></span>ente a conto econo<span class=\"_ _2\"></span>mico. Le <span class=\"_ _6\"></span>migliorie <span class=\"_ _6\"></span>su <span class=\"_ _3\"></span>beni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>terzi <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>classifica<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>immobilizzazi<span class=\"_ _2\"></span>oni <span class=\"_ _6\"></span>materiali, <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>bas<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>natura <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>costo sostenuto. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ammortamento <span class=\"_ _6\"></span>corrisponde <span class=\"_ _3\"></span>al <span class=\"_ _14\"></span>minore <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>utile <span class=\"_ _6\"></span>residua <span class=\"_ _14\"></span>dell\u2019<span class=\"_ _2\"></span>immobilizzazion<span class=\"_ _1\"></span>e materiale e la dur<span class=\"_ _2\"></span>ata del contra<span class=\"_ _2\"></span>tto del bene d<span class=\"_ _2\"></span>i terzi. Un <span class=\"_ _6\"></span>bene <span class=\"_ _14\"></span>materiale <span class=\"_ _6\"></span>viene <span class=\"_ _6\"></span>eliminato <span class=\"_ _14\"></span>dal<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>bilancio<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>al <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>endita <span class=\"_ _14\"></span>o <span class=\"_ _6\"></span>svalutato <span class=\"_ _6\"></span>integralmente <span class=\"_ _11\"> </span>quando non <span class=\"_ _11\"> </span>sussista <span class=\"_ _12\"> </span>alcun <span class=\"_ _11\"> </span>beneficio <span class=\"_ _11\"> </span>economico <span class=\"_ _12\"> </span>futuro <span class=\"_ _11\"> </span>atteso <span class=\"_ _11\"> </span>dal <span class=\"_ _11\"> </span>suo <span class=\"_ _11\"> </span>uso <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>dismissione. <span class=\"_ _6\"></span>Eventual<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>o <span class=\"_ _14\"></span>util<span class=\"_ _2\"></span>i (calcolati <span class=\"_ _16\"></span>come <span class=\"_ _1\"></span>differenza <span class=\"_ _16\"></span>tra <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>proventi <span class=\"_ _16\"></span>netti <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>vendita <span class=\"_ _16\"></span>e i<span class=\"_ _2\"></span>l <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>contabile) <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>inclusi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico nell\u2019anno della sud<span class=\"_ _2\"></span>detta eli<span class=\"_ _1\"></span>minaz<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span>. 12. D<span class=\"_ _1\"></span>irit<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>d\u2019uso <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>beni <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>leas<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> e<span class=\"_ _1\"></span> passi<span class=\"_ _2\"></span>vit<span class=\"_ _1\"></span>\u00e0 per<span class=\"_ _1\"></span> contr<span class=\"_ _2\"></span>att<span class=\"_ _1\"></span>i di<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>oc<span class=\"_ _1\"></span>azione<span class=\"_ _2\"></span> Il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>detiene <span class=\"_ _7\"></span>immobili, <span class=\"_ _7\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>macchinari <span class=\"_ _7\"></span>(prevalentemente <span class=\"_ _14\"></span>immobili <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>auto <span class=\"_ _8\"></span>aziendali <span class=\"_ _7\"></span><span class=\"ls4\">ad</span> <span class=\"_ _7\"></span>uso <span class=\"_ _7\"></span>dei dipendenti) <span class=\"_ _16\"></span>utilizzati <span class=\"_ _1\"></span>nello <span class=\"_ _1\"></span>svolgimento <span class=\"_ _16\"></span>della <span class=\"_ _1\"></span>propria <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _16\"></span>aziendale, <span class=\"_ _1\"></span>attraverso <span class=\"_ _1\"></span>contratti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>leasing. <span class=\"_ _1\"></span>Alla <span class=\"_ _1\"></span>data di in<span class=\"_ _2\"></span>izio <span class=\"_ _2\"></span>del leas<span class=\"_ _2\"></span>ing s<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> dete<span class=\"_ _2\"></span>rmina <span class=\"_ _2\"></span>se i<span class=\"_ _2\"></span>l cont<span class=\"_ _2\"></span>ratto \u00e8, <span class=\"_ _1\"></span>o contiene, <span class=\"_ _1\"></span>un leasing. Tal<span class=\"_ _2\"></span>e def<span class=\"_ _2\"></span>inizione <span class=\"_ _1\"></span>\u00e8 soddisfatta <span class=\"_ _1\"></span>quando il <span class=\"_ _14\"></span>contratto <span class=\"_ _6\"></span>trasferisce <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>diritto<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>controllare <span class=\"_ _6\"></span>l\u2019utilizzo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>un\u2019attivit\u00e0 <span class=\"_ _14\"></span>sottostante <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>un <span class=\"_ _14\"></span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>tempo <span class=\"_ _14\"></span>in cambio di un c<span class=\"_ _2\"></span>orr<span class=\"_ _1\"></span>ispet<span class=\"_ _1\"></span>tivo.<span class=\"_ _1\"></span> Alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>decorrenza <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>contratto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>easing <span class=\"_ _16\"></span>si <span class=\"_ _2\"></span>rileva <span class=\"_ _16\"></span>un\u2019attivit\u00e0 c<span class=\"_ _2\"></span>onsistente <span class=\"_ _16\"></span>nel <span class=\"_ _1\"></span>diritto <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>utilizzo <span class=\"_ _16\"></span>dell\u2019attivit\u00e0 sottostante (Dir<span class=\"_ _2\"></span>itto d\u2019uso) e una pa<span class=\"_ _2\"></span>ssivit\u00e0 del lea<span class=\"_ _2\"></span>sing.<span class=\"ff21\"> </span>Il <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span>ritto <span class=\"_ _6\"></span>d\u2019uso <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _6\"></span>valutato <span class=\"_ _14\"></span>inizialme<span class=\"_ _2\"></span>nte <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>costo, <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>comprende <span class=\"_ _6\"></span>l\u2019importo <span class=\"_ _14\"></span>iniziale <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>passivit\u00e0<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>leasing </span>rettificato per <span class=\"_ _2\"></span>i pagamenti g<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>\u00e0 corrisposti al<span class=\"_ _2\"></span>la data di <span class=\"_ _2\"></span>decorrenza <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> ne<span class=\"_ _2\"></span>tto<span class=\"_ _2\"></span> degli ince<span class=\"_ _2\"></span>ntivi <span class=\"ls7\">di</span> le<span class=\"_ _2\"></span>asing <span class=\"_ _2\"></span>ricevuti, <span class=\"_ _1\"></span>pi\u00f9 </span></span>gli <span class=\"_ _1\"></span>eventuali <span class=\"_ _16\"></span>costi <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span><span class=\"ls6\">lo<span class=\"ls0\"> <span class=\"_ _1\"></span>smantellamento, <span class=\"_ _16\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ff24\">rimozione, <span class=\"_ _2\"></span>il riprist<span class=\"_ _2\"></span>ino dell\u2019att<span class=\"_ _2\"></span>ivit\u00e0 sott<span class=\"_ _2\"></span>ostante. I <span class=\"_ _2\"></span>Diritti <span class=\"_ _2\"></span>d\u2019uso son<span class=\"_ _2\"></span>o </span></span></span></span></span>successivamente <span class=\"_ _6\"></span>ammortizzat<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>quote <span class=\"_ _14\"></span>costanti <span class=\"_ _6\"></span>sul <span class=\"_ _14\"></span>periodo <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _14\"></span>breve <span class=\"_ _6\"></span>fra <span class=\"_ _14\"></span>la <span class=\"_ _14\"></span>durata <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>leasing <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>la <span class=\"_ _6\"></span>vita <span class=\"_ _14\"></span>utile stimata delle at<span class=\"_ _2\"></span>tivit\u00e0 consistent<span class=\"_ _2\"></span>i nel diritto di ut<span class=\"_ _2\"></span>ilizzo. La <span class=\"_ _11\"> </span>passivit\u00e0 <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>l<span class=\"_ _3\"></span>easing <span class=\"_ _11\"> </span>\u00e8 <span class=\"_ _11\"> </span>inizialmente <span class=\"_ _11\"> </span>valutata <span class=\"_ _11\"> </span><span class=\"ls4\">al</span> <span class=\"_ _11\"> </span>valore <span class=\"_ _11\"> </span>attuale <span class=\"_ _11\"> </span>dei <span class=\"_ _11\"> </span>pagamenti <span class=\"_\"> </span>do<span class=\"_ _2\"></span>vuti <span class=\"_ _11\"> </span>per <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>l<span class=\"_ _3\"></span>easing <span class=\"_ _7\"></span>da corrispondere <span class=\"_ _5\"> </span>lungo <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>durata <span class=\"_ _5\"> </span>del <span class=\"_ _17\"> </span>leasing. <span class=\"_ _5\"> </span>Tali <span class=\"_ _5\"> </span>pagamenti <span class=\"_ _5\"> </span>sono <span class=\"_ _5\"> </span>attualizzati <span class=\"_ _5\"> </span>utilizzando <span class=\"_ _5\"> </span>un <span class=\"_ _5\"> </span>tasso <span class=\"_ _5\"> </span>di indebitamento <span class=\"_ _15\"> </span>incrementale <span class=\"_ _15\"> </span>coerente <span class=\"_ _15\"> </span>con <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>maturity <span class=\"_ _15\"> </span>dei <span class=\"_ _12\"> </span>contratti <span class=\"_ _15\"> </span>sottostanti <span class=\"_ _12\"> </span>quando <span class=\"_ _15\"> </span><span class=\"ls17\">il</span> <span class=\"_ _15\"> </span>t<span class=\"_ _3\"></span>asso <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>interesse implicito <span class=\"_ _15\"></span>del <span class=\"_ _8\"></span>leasing <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _15\"> </span>facilmente <span class=\"_ _15\"> </span>determinabile<span class=\"_ _2\"></span>. <span class=\"_ _15\"> </span>I <span class=\"_ _12\"> </span>pagamenti <span class=\"_ _15\"> </span>variabili <span class=\"_ _15\"> </span>dovuti <span class=\"_ _12\"> </span>per <span class=\"_ _15\"></span>il <span class=\"_ _15\"> </span>leasing <span class=\"_ _15\"> </span>che <span class=\"_ _12\"> </span>non dipendono <span class=\"_ _7\"></span>da <span class=\"_ _7\"> </span>un <span class=\"_ _8\"> </span>indice <span class=\"_ _7\"></span>o <span class=\"_ _7\"> </span>da <span class=\"_ _7\"> </span>un <span class=\"_ _8\"> </span>tasso <span class=\"_ _7\"> </span>sono <span class=\"_ _8\"> </span>rilevati <span class=\"_ _7\"></span>come <span class=\"_ _7\"> </span>costi <span class=\"_ _7\"> </span>nel <span class=\"_ _8\"> </span>periodo <span class=\"_ _7\"></span>in <span class=\"_ _7\"> </span>cui <span class=\"_ _7\"> </span>si<span class=\"_ _3\"></span> <span class=\"_ _7\"> </span>verifica <span class=\"_ _7\"> </span>l\u2019evento <span class=\"_ _7\"> </span>o <span class=\"_ _7\"> </span>l<span class=\"_ _3\"></span>a circostanza che fa <span class=\"_ _15\"> </span>scattare i pag<span class=\"_ _2\"></span>amenti. Dopo la d<span class=\"_ _2\"></span>ata di decor<span class=\"_ _2\"></span>renza, la passivit\u00e0 del leas<span class=\"_ _2\"></span>ing \u00e8 valutata al <span class=\"_ _2\"></span>costo ammortizzato u<span class=\"_ _2\"></span>sando il metodo de<span class=\"_ _2\"></span>l tasso di intere<span class=\"_ _2\"></span>sse effettivo e <span class=\"_ _2\"></span>rideterminata al<span class=\"_ _2\"></span> verificarsi d<span class=\"_ _2\"></span>i taluni eventi. L\u2019identificazion<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>contratto di<span class=\"_ _3\"></span> l<span class=\"_ _3\"></span>easing (lease <span class=\"_ _3\"></span>term) <span class=\"_ _3\"></span>corrisponde al<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>annullabile del contratto <span class=\"_ _12\"> </span>(non <span class=\"_ _11\"> </span>cancellable<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>period), <span class=\"_ _12\"> </span>unitamente <span class=\"_ _12\"> </span>ai <span class=\"_ _11\"> </span>periodi <span class=\"_ _11\"> </span>coperti <span class=\"_ _12\"> </span>da <span class=\"_ _12\"> </span>un\u2019<span class=\"_ _3\"></span>opzion<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>rinnovo <span class=\"_ _15\"> </span>o <span class=\"_ _15\"> </span>risoluzione anticipata <span class=\"_ _1\"></span>del con<span class=\"_ _2\"></span>tratto, <span class=\"_ _1\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>cui <span class=\"_ _1\"></span>esercizio, <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>cui<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ls4a\">si<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff24\">detiene il con<span class=\"_ _2\"></span>trollo, \u00e8 cons<span class=\"_ _2\"></span>iderato \u201crag<span class=\"_ _2\"></span>ionevolmente cer<span class=\"_ _2\"></span>to\u201d.<span class=\"ff21\"> </span></span></span></span></span></span>Il<span class=\"ls0\"> <span class=\"_ _16\"></span>Gruppo <span class=\"_ _16\"></span>applica <span class=\"_ _16\"></span><span class=\"ff24\">l\u2019eccezione<span class=\"ff21\"> <span class=\"_ _16\"></span>alla <span class=\"_ _0\"></span>rilevazione <span class=\"_ _16\"></span>prevista <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>leasing <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>breve <span class=\"_ _16\"></span>termine <span class=\"_ _16\"></span><span class=\"ls4\">ai<span class=\"ls0\"> <span class=\"_ _16\"></span>propri <span class=\"_ _16\"></span>contratti <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>durat<span class=\"_ _2\"></span>a </span></span></span></span></span>uguale o <span class=\"_ _2\"></span><span class=\"ff24\">inferiore <span class=\"_ _1\"></span>a 12 mesi <span class=\"_ _1\"></span>dalla data di d<span class=\"_ _1\"></span>ecorrenza. Applica, <span class=\"_ _1\"></span>inoltre, l\u2019eccezion<span class=\"_ _2\"></span>e<span class=\"ff21\"> <span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _1\"></span>rilevazione <span class=\"_ _1\"></span>prevista <span class=\"_ _1\"></span>per </span></span>i <span class=\"_ _1\"></span>leasing <span class=\"_ _16\"></span>nei <span class=\"_ _16\"></span>quali <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019attivit\u00e0<span class=\"ff21\"> <span class=\"_ _1\"></span>sottostante <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff24\">\u201cmodesto <span class=\"_ _1\"></span>valore\u201d<span class=\"ff21\"> <span class=\"_ _3\"></span>e <span class=\"ls6\">il</span> cui importo <span class=\"_ _3\"></span>\u00e8 stimato come <span class=\"_ _3\"></span>non significativo.<span class=\"_ _2\"></span> </span></span></span></span></span></span>I <span class=\"_ _3\"></span>pagamenti <span class=\"_ _3\"></span>dovuti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>leasing a bre<span class=\"_ _2\"></span>ve ter<span class=\"_ _2\"></span>mine e per <span class=\"_ _1\"></span>i leasing in cu<span class=\"_ _2\"></span>i l\u2019attivi<span class=\"_ _2\"></span>t\u00e0 sott<span class=\"_ _2\"></span>ostante \u00e8 d<span class=\"_ _2\"></span>i modes<span class=\"_ _2\"></span>to valore sono rilevati co<span class=\"_ _2\"></span>me costo a quote <span class=\"_ _2\"></span>costanti per la d<span class=\"_ _2\"></span>urata del lea<span class=\"_ _2\"></span>sing. Una <span class=\"_ _12\"> </span>modifica <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>contratto <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>affitto <span class=\"_ _12\"> </span>si <span class=\"_ _11\"> </span>verifica <span class=\"_ _12\"> </span>quando <span class=\"_ _12\"> </span>c\u2019\u00e8 <span class=\"_ _12\"> </span>una <span class=\"_ _11\"> </span>variazione <span class=\"_ _12\"> </span>dell\u2019oggetto <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>contratto<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _8\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> </span>locazione, <span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>pagamenti <span class=\"_ _3\"></span>relativi <span class=\"_ _6\"></span><span class=\"ls3\">al</span> <span class=\"_ _6\"></span>contratto <span class=\"_ _3\"></span><span class=\"ff24\">d\u2019affitto,</span> <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>faceva <span class=\"_ _6\"></span>parte <span class=\"_ _3\"></span>dei <span class=\"_ _7\"></span>termini <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>delle <span class=\"_ _14\"></span>condizioni originali <span class=\"_ _8\"> </span>del <span class=\"_ _15\"> </span>contratto <span class=\"_ _15\"> </span>d\u2019affitto. <span class=\"_ _15\"> </span>In <span class=\"_ _15\"> </span>questo <span class=\"_ _8\"> </span>caso, <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>diritto <span class=\"_ _15\"> </span>d\u2019uso <span class=\"_ _8\"> </span>e <span class=\"_ _12\"> </span>il <span class=\"_ _15\"> </span>debito <span class=\"_ _8\"> </span>per <span class=\"_ _15\"> </span>contratti <span class=\"_ _15\"> </span>d\u2019affitto <span class=\"_ _8\"> </span>vengono aggiornati di conse<span class=\"_ _2\"></span>guenza. Le<span class=\"ls0\"> c<span class=\"_ _2\"></span>omp<span class=\"_ _1\"></span>onent<span class=\"_ _1\"></span>i d<span class=\"_ _2\"></span>ei<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>att<span class=\"_ _1\"></span>i o<span class=\"_ _1\"></span> i <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> s<span class=\"_ _1\"></span>tessi<span class=\"_ _1\"></span> <span class=\"ls17\">la</span> <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>loc<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span>e \u00e8 <span class=\"_ _1\"></span>rico<span class=\"_ _1\"></span>nduc<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>ile<span class=\"_ _1\"></span> <span class=\"ls3\">ad</span> <span class=\"_ _2\"></span><span class=\"ls7\">un<span class=\"ls0\"> <span class=\"_ _1\"></span>contr<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>di servizi o <span class=\"_ _2\"></span>ad una </span></span></span>concessione di lic<span class=\"_ _2\"></span>enza, sono stati esc<span class=\"_ _2\"></span>lusi dall\u2019amb<span class=\"_ _2\"></span>ito di appli<span class=\"_ _2\"></span>cazione dell\u2019IFRS 16<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span><span class=\"ff21\"> </span>Sono <span class=\"_ _7\"></span>stati <span class=\"_ _8\"></span>identificati <span class=\"_ _7\"></span>contratti <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>sublocazion<span class=\"_ _2\"></span>e <span class=\"_ _8\"></span>riconducibili <span class=\"_ _7\"></span>agli <span class=\"_ _7\"></span>immobili <span class=\"_ _8\"></span><span class=\"ls6\">in</span> <span class=\"_ _7\"></span>uso. <span class=\"_ _8\"></span><span class=\"ls8\">Il</span> <span class=\"_ _8\"></span>Gruppo <span class=\"_ _15\"></span>in <span class=\"_ _15\"> </span>qualit\u00e0 <span class=\"_ _8\"></span>di locatore a terzi <span class=\"_ _2\"></span>di spazi immob<span class=\"_ _2\"></span>iliari ha ident<span class=\"_ _2\"></span>ificato detti cont<span class=\"_ _2\"></span>ratti come leasin<span class=\"_ _2\"></span>g oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>vo.<span class=\"_ _1\"></span> Gli <span class=\"_ _8\"></span>investimenti <span class=\"_ _8\"></span>immobilia<span class=\"_ _2\"></span>ri <span class=\"_ _8\"></span>detenuti <span class=\"_ _8\"></span>per <span class=\"_ _15\"></span>percepire <span class=\"_ _8\"></span>canoni <span class=\"_ _8\"></span><span class=\"ls7\">di</span> <span class=\"_ _15\"> </span>locazione,<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>per <span class=\"_ _15\"></span>l\u2019apprezza<span class=\"_ _2\"></span>mento <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>capitale investito <span class=\"_ _14\"></span>o <span class=\"_ _7\"></span>per <span class=\"_ _14\"></span>entrambe <span class=\"_ _14\"></span><span class=\"ls17\">le</span> <span class=\"_ _7\"></span>motivazioni, <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>iscritti <span class=\"_ _14\"></span><span class=\"ls4\">al</span> <span class=\"_ _7\"></span>costo, <span class=\"_ _7\"></span>compren<span class=\"_ _2\"></span>sivo <span class=\"_ _14\"></span>degli <span class=\"_ _7\"></span>oneri <span class=\"_ _8\"></span>accessori <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>diretta imputazione e, ad eccezion<span class=\"_ _2\"></span>e della componente relativa ai terreni, sono <span class=\"_ _2\"></span>sistematic<span class=\"_ _2\"></span>amente <span class=\"_ _1\"></span>ammortizzati <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quote costanti <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>singolo <span class=\"_ _1\"></span>periodo <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>della vita utile stimata. </span></span>I <span class=\"_ _1\"></span>costi<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>sostenuti <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>migliorie <span class=\"_ _2\"></span>vengono <span class=\"_ _1\"></span>imputati <span class=\"_ _1\"></span>ad incr<span class=\"_ _2\"></span>emento <span class=\"_ _1\"></span>dei beni <span class=\"_ _1\"></span>interessati <span class=\"_ _1\"></span>solo se <span class=\"_ _1\"></span>sono <span class=\"_ _0\"></span>attendibilmente stimabili <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>potranno <span class=\"_ _16\"></span>essere <span class=\"_ _1\"></span>recuperati <span class=\"_ _16\"></span>tramite <span class=\"_ _16\"></span>futuri <span class=\"_ _16\"></span>benefici <span class=\"_ _16\"></span>economici attesi ad ess<span class=\"_ _2\"></span>i associabili. 13. I<span class=\"_ _1\"></span>nvest<span class=\"_ _1\"></span>iment<span class=\"_ _1\"></span>i immo<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>iar<span class=\"_ _1\"></span>i Gli <span class=\"_ _1\"></span>investimenti <span class=\"_ _1\"></span>immobiliari <span class=\"_ _1\"></span>vengono <span class=\"_ _1\"></span>periodicamente <span class=\"_ _1\"></span>valutati <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>identificare <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>perdite <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>come descritto nel paragr<span class=\"_ _2\"></span>afo succ<span class=\"_ _2\"></span>essivo. 14. A<span class=\"_ _1\"></span>ttiv<span class=\"_ _1\"></span>it\u00e0 im<span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>i Sono <span class=\"_ _14\"></span>iscritti <span class=\"_ _6\"></span>tra <span class=\"_ _14\"></span>le <span class=\"_ _14\"></span><span class=\"ff24\">attivit\u00e0 <span class=\"_ _14\"></span>immateriali <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>costi, <span class=\"_ _14\"></span>inclusiv<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>degli <span class=\"_ _14\"></span>oneri <span class=\"_ _6\"></span>accessori, <span class=\"_ _14\"></span>sostenuti <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>l\u2019acquisizione<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>di </span>risorse <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>ive <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>consistenza <span class=\"_\"> </span>fisic<span class=\"_ _2\"></span>a <span class=\"_\"> </span>a <span class=\"_\"> </span>co<span class=\"_ _2\"></span>ndizione <span class=\"_ _11\"> </span>che <span class=\"_\"> </span>il <span class=\"_\"> </span>loro <span class=\"_ _11\"> </span>ammontare <span class=\"_\"> </span>sia <span class=\"_ _11\"> </span>quantificabile<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _15\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _15\"> </span>bene <span class=\"_ _15\"> </span>sia chiaramente <span class=\"_ _14\"></span>identificabile <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>controllabile <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>l\u2019uso <span class=\"_ _12\"> </span>della <span class=\"_ _15\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>generer\u00e0 <span class=\"_ _15\"> </span>probabili <span class=\"_ _12\"> </span>benefici economici in <span class=\"_ _2\"></span>futuro. Non <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>capitalizzati <span class=\"_ _17\"> </span>costi <span class=\"_ _18\"> </span>pubblicitari, <span class=\"_ _18\"> </span>costi <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>impianto <span class=\"_ _18\"> </span>e <span class=\"_ _18\"> </span>ampliamento <span class=\"_ _17\"> </span>e <span class=\"_ _18\"> </span>costi<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>ricerca. <span class=\"_ _18\"> </span>Le immobilizzaz<span class=\"_ _2\"></span>ioni <span class=\"_ _16\"></span>aventi <span class=\"_ _1\"></span>vita <span class=\"_ _16\"></span>utile <span class=\"_ _1\"></span>definita <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>sistematicamente <span class=\"_ _16\"></span>ammortizzate <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>quo<span class=\"_ _3\"></span>te <span class=\"_ _1\"></span>costanti <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>singolo periodo per tener co<span class=\"_ _2\"></span>nto della res<span class=\"_ _2\"></span>idua possibili<span class=\"_ _2\"></span>t\u00e0 di utilizzazione. La <span class=\"_\"> </span>voc<span class=\"_ _2\"></span>e <span class=\"_\"> </span>\u201ca<span class=\"_ _1\"></span>vviame<span class=\"_ _1\"></span>nto\u201d<span class=\"_ _2\"></span> <span class=\"_\"> </span><span class=\"ls4a\">si</span> <span class=\"_\"> </span>rif<span class=\"_ _2\"></span>er<span class=\"_ _1\"></span>isce <span class=\"_\"> </span><span class=\"ls49\">al</span> <span class=\"_\"> </span>mag<span class=\"_ _2\"></span>gio<span class=\"_ _1\"></span>r <span class=\"_\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_\"> </span>att<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>to <span class=\"_\"> </span>in<span class=\"_ _2\"></span> <span class=\"_\"> </span>sed<span class=\"_ _2\"></span>e <span class=\"_\"> </span><span class=\"ls1\">di</span> <span class=\"_\"> </span>pri<span class=\"_ _1\"></span>mo <span class=\"_\"> </span>con<span class=\"_ _2\"></span>sol<span class=\"_ _2\"></span>ida<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>to <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>una partecipazione <span class=\"_ _16\"></span>o <span class=\"_ _16\"></span>identificato <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>via <span class=\"_ _1\"></span>residuale <span class=\"_ _16\"></span><span class=\"ff24\">dall\u2019eccedenza<span class=\"ff21\"> <span class=\"_ _16\"></span>del <span class=\"_ _16\"></span>costo <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>acquisizione <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">delle </span></span></span></span></span></span></span></span>attivit\u00e0, passivit<span class=\"_ _2\"></span>\u00e0 e passivit\u00e0 pot<span class=\"_ _2\"></span>enziali iden<span class=\"_ _2\"></span>tificabili di alcune so<span class=\"_ _2\"></span>ciet\u00e0 contro<span class=\"_ _2\"></span>llate alla data d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> acquisizione. Gli <span class=\"_ _11\"> </span>avviamenti <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>le <span class=\"_ _11\"> </span>immobilizzazioni <span class=\"_ _12\"> </span>immateriali <span class=\"_ _12\"> </span>aventi <span class=\"_ _11\"> </span>vita <span class=\"_ _12\"> </span>util<span class=\"_ _3\"></span>e <span class=\"_ _12\"> </span>inde<span class=\"_ _3\"></span>finita <span class=\"_ _11\"> </span>non <span class=\"_ _12\"> </span>vengono <span class=\"_ _11\"> </span>sottoposti <span class=\"_ _11\"> </span>ad ammortamento,<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>bens\u00ec <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>periodiche <span class=\"_ _14\"></span>verifiche<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>dentificare <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore, <span class=\"_ _14\"></span>cos\u00ec <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>descritto nel <span class=\"_ _7\"></span>paragrafo <span class=\"_ _7\"></span>\u201cPerdite <span class=\"_ _14\"></span>di <span class=\"_ _7\"> </span>valore <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>attivit\u00e0\u201d. <span class=\"_ _14\"></span>Qualora <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi<span class=\"_ _3\"></span> <span class=\"_ _1c7\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>ca<span class=\"_ _3\"></span>ssa <span class=\"_ _14\"></span>attesi <span class=\"_ _7\"></span>attualizzati <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>permettano <span class=\"_ _14\"></span>il recupero dell\u2019inv<span class=\"_ _2\"></span>estimento ini<span class=\"_ _2\"></span>ziale, l\u2019attivi<span class=\"_ _2\"></span>t\u00e0 iscritta viene co<span class=\"_ _2\"></span>ngruamente sva<span class=\"_ _2\"></span>lutata. Il<span class=\"ls0\"> <span class=\"_ _14\"></span>maggior <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>attribuito <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _14\"></span>una <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>immateriale <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>definita, <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>scritto <span class=\"_ _3\"></span><span class=\"ls6\">in</span> <span class=\"_ _6\"></span>applicazione <span class=\"_ _8\"></span><span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019I<span class=\"_ _2\"></span>FR<span class=\"_ _2\"></span>S<span class=\"ff21\"> <span class=\"_ _6\"></span>3 <span class=\"_ _14\"></span>a </span></span></span>seg<span class=\"_ _2\"></span>uit<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span><span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019a<span class=\"_ _2\"></span>cq<span class=\"_ _2\"></span>uis<span class=\"_ _1\"></span>izion<span class=\"_ _2\"></span>e<span class=\"ff21\"> <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> </span>una<span class=\"ls0\"> <span class=\"_ _1\"></span>parte<span class=\"_ _1\"></span>cipaz<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>sede<span class=\"_ _2\"></span> <span class=\"ls1\">di</span> <span class=\"_ _2\"></span>pri<span class=\"_ _1\"></span>mo c<span class=\"_ _1\"></span>onso<span class=\"_ _1\"></span>lida<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>to,<span class=\"_ _2\"></span> viene ammortizzato se <span class=\"_ _3\"></span>riferito </span></span></span></span></span></span>ad <span class=\"_\"> </span>immobilizzazion<span class=\"_ _2\"></span>i <span class=\"_\"> </span>a <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>def<span class=\"_ _2\"></span>inita. <span class=\"_\"> </span>Qualora <span class=\"_\"> </span>il <span class=\"_\"> </span>maggio<span class=\"_ _2\"></span>r <span class=\"_\"> </span>valore <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ia <span class=\"_\"> </span>attribuito <span class=\"_\"> </span>ad <span class=\"_\"> </span>immob<span class=\"_ _2\"></span>ilizzazioni<span class=\"_ _1\"></span> immateriali a vita utile indefinita, non viene ammortizzato. Tal<span class=\"_ _2\"></span>i attivit\u00e0 sono assoggettate ad <span class=\"_ _3\"></span><span class=\"ff26\">impairment test</span>, cos\u00ec come prev<span class=\"_ _2\"></span>isto dallo IAS 36.<span class=\"_ _2\"></span> Vengono <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>seguito <span class=\"_ _1\"></span>indicati <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>periodi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ammortamento <span class=\"_ _16\"></span>adottati <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span>varie <span class=\"_ _1\"></span>voci <span class=\"_ _1\"></span>delle <span class=\"_ _16\"></span>attivit\u00e0 imm<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i:<span class=\"_ _2\"></span> Co<span class=\"_ _1\"></span>nces<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ce<span class=\"_ _3\"></span>nz<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ri<span class=\"_ _16\"></span>tti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>si<span class=\"_ _16\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1a7\"> </span>da 3 a 5 ann<span class=\"_ _1\"></span>iP<span class=\"_ _3\"></span>ro<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>ram<span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soft<span class=\"_ _2\"></span>ware<span class=\"_ _1cd\"> </span>d<span class=\"_ _2\"></span>a 3 a <span class=\"_ _3\"></span>5<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>iTestate<span class=\"_ _1ce\"> </span>d<span class=\"_ _2\"></span>a 10<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> o i<span class=\"_ _16\"></span>nd<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>ni<span class=\"_ _0\"></span>taDi<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _1cf\"> </span>sec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span> peri<span class=\"_ _16\"></span>od<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>sp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _16\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zaz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ateri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _1d0\"> </span>d<span class=\"_ _2\"></span>a 2 a <span class=\"_ _3\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>iLe<span class=\"ls0\"> <span class=\"_ _15\"> </span>testate <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>vita <span class=\"_ _15\"> </span>utile <span class=\"_ _15\"> </span>definita <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>ammortizzate <span class=\"_ _8\"></span><span class=\"ls6\">in</span> <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>periodo <span class=\"_ _15\"> </span>tra <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>dieci <span class=\"_ _15\"> </span>anni <span class=\"_ _15\"> </span>e <span class=\"_ _12\"> </span>i <span class=\"_ _15\"></span><span class=\"ff24\">trent\u2019anni <span class=\"_ _15\"> </span>dalla</span> <span class=\"_ _f\"> </span>data </span>dell\u2019acquisto <span class=\"_ _11\"> </span><span class=\"ls6\">in</span> <span class=\"_\"> </span>funzione <span class=\"_ _11\"> </span>della <span class=\"_\"> </span>loro <span class=\"_ _11\"> </span>residua <span class=\"_\"> </span>possib<span class=\"_ _2\"></span>ilit\u00e0 <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>utilizzo. <span class=\"_\"> </span>Tale<span class=\"_ _2\"></span> <span class=\"_\"> </span>perio<span class=\"_ _2\"></span>do <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>ammortamento <span class=\"_ _7\"></span>viene<span class=\"_ _2\"></span> riesaminato <span class=\"_ _3\"></span>periodicamente<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>luce <span class=\"_ _6\"></span>dell\u2019andamento economico <span class=\"_ _3\"></span>prospettico <span class=\"_ _6\"></span>delle par<span class=\"_ _3\"></span>tecipate <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>detengono le testate. I <span class=\"_ _6\"></span>dir<span class=\"_ _3\"></span>itti <span class=\"_ _6\"></span>pl<span class=\"_ _3\"></span>uriennali <span class=\"_ _6\"></span>(di <span class=\"_ _14\"></span>durata <span class=\"_ _6\"></span>superiore <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>12 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>esi) <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>utilizzazione <span class=\"_ _6\"></span>televisiva <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>film, <span class=\"_ _14\"></span>serie, <span class=\"_ _6\"></span>telefilm, <span class=\"_ _6\"></span>cartoni animati, <span class=\"_ _7\"></span>concerti <span class=\"_ _8\"></span>classici, <span class=\"_ _7\"></span>corti, <span class=\"_ _8\"></span>documentari, <span class=\"_ _7\"></span>reportage <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>simili, <span class=\"_ _7\"></span>compresi <span class=\"_ _8\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>oneri <span class=\"_ _7\"></span>accessori <span class=\"_ _14\"></span>(doppiaggio, edizioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>materiali), <span class=\"_ _6\"></span>e <span class=\"_ _3\"></span>ivi <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>presi <span class=\"_ _6\"></span>quelli <span class=\"_ _6\"></span>inseri<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span><span class=\"ff24\">all\u2019interno <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>produzioni, <span class=\"_ _6\"></span>acquistati <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ediante <span class=\"_ _6\"></span>contratto <span class=\"_ _14\"></span>di </span>licenza, <span class=\"_ _6\"></span>vengono <span class=\"_ _14\"></span>iscritti <span class=\"_ _6\"></span>nella <span class=\"_ _14\"></span>voce <span class=\"_ _6\"></span>\u201cdiritti <span class=\"_ _6\"></span>televisivi\u201d <span class=\"_ _6\"></span>ed <span class=\"_ _14\"></span>ammortizzati <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>quote <span class=\"_ _6\"></span>costanti <span class=\"_ _14\"></span>annuali <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>periodo della loro disponibilit\u00e0 stabilito dal contratto di<span class=\"_ _3\"></span> <span class=\"ff24\">licenza a par<span class=\"_ _3\"></span>tire dall\u2019esercizio in cui sono <span class=\"_ _3\"></span>disponibil<span class=\"_ _2\"></span>i e <span class=\"_ _3\"></span>pronti </span>per <span class=\"_ _147\"> </span>l\u2019uso. <span class=\"_ _147\"> </span>Nel <span class=\"_ _1c\"> </span>caso <span class=\"_ _147\"> </span>in <span class=\"_ _1c\"> </span>cui<span class=\"_ _3\"></span> <span class=\"_ _147\"> </span>i <span class=\"_ _147\"> </span>diritti <span class=\"_ _1c\"> </span>abbiano <span class=\"_ _147\"> </span>esaurito <span class=\"_ _1c\"> </span>i <span class=\"_ _147\"> </span>passaggi <span class=\"_ _147\"> </span>disponibili, <span class=\"_ _1c\"> </span>indipendentemen<span class=\"_ _2\"></span>te dall\u2019ammortamen<span class=\"_ _2\"></span>to<span class=\"ff21\"> <span class=\"_ _3\"></span>gi\u00e0 contabilizzato, <span class=\"_ _3\"></span><span class=\"ls6\">il</span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>residuo viene <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nteramente addebitato <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _7\"></span>nel </span>periodo <span class=\"_ _8\"> </span>in <span class=\"_ _8\"> </span>cui <span class=\"_ _8\"> </span>si <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _15\"> </span>verificato <span class=\"_ _7\"> </span>l\u2019ultimo <span class=\"_ _8\"> </span>passaggio. <span class=\"_ _8\"> </span>I <span class=\"_ _8\"> </span>diritti <span class=\"_ _8\"> </span>d\u2019uso <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>frequenze <span class=\"_ _8\"> </span>televisive <span class=\"_ _8\"> </span>sono <span class=\"_ _8\"> </span>ammortizzat<span class=\"_ _2\"></span>i secondo la loro du<span class=\"_ _2\"></span>rata. La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _2\"></span>ile <span class=\"_\"> </span><span class=\"ls3\">ed</span> <span class=\"_\"> </span><span class=\"ls6\">il</span> <span class=\"_\"> </span>cri<span class=\"_ _2\"></span>terio <span class=\"_\"> </span>di <span class=\"_\"> </span>am<span class=\"_ _2\"></span>mortamento <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ono <span class=\"_\"> </span>rivist<span class=\"_ _2\"></span>i <span class=\"_\"> </span>periodicame<span class=\"_ _2\"></span>nte <span class=\"_\"> </span>e,<span class=\"_ _2\"></span> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls34\">si</span> <span class=\"_ _11\"> </span>riscontrino <span class=\"_\"> </span>rilevanti cambiamenti rispe<span class=\"_ _2\"></span>tto alle assunzion<span class=\"_ _2\"></span>i adottate in precedenza, <span class=\"_ _2\"></span>la quota di ammort<span class=\"_ _2\"></span>amento viene rett<span class=\"_ _2\"></span>ificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff24\">\u201cprospe<span class=\"_ _2\"></span>ttico\u201d.<span class=\"ff21\"> </span></span>Sono <span class=\"_ _7\"></span>iscritti <span class=\"_ _7\"> </span>nelle <span class=\"_ _7\"></span>immobilizzazioni <span class=\"_ _14\"></span>in <span class=\"_ _8\"> </span>corso <span class=\"_ _14\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _7\"> </span>costi <span class=\"_ _7\"> </span>sostenuti <span class=\"_ _7\"> </span>per <span class=\"_ _7\"> </span>l\u2019acquisizione <span class=\"_ _14\"></span>o <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>produzione<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _6\"></span>interna <span class=\"_ _6\"></span><span class=\"ls7\">di</span> </span>attivit\u00e0 <span class=\"_ _16\"></span>immateriali, <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>quali <span class=\"_ _16\"></span>non <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>ancora <span class=\"_ _16\"></span>stat<span class=\"_ _3\"></span>a <span class=\"_ _16\"></span>acquisita <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _16\"></span>piena titolari<span class=\"_ _2\"></span>t\u00e0 de<span class=\"_ _2\"></span>l diritto <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>riguardant<span class=\"_ _2\"></span>i proge<span class=\"_ _2\"></span>tti </span></span></span></span>non an<span class=\"_ _1\"></span>cora completat<span class=\"_ _2\"></span>i. L<span class=\"_ _1\"></span>e immobilizza<span class=\"_ _2\"></span>zioni <span class=\"_ _1\"></span>in corso <span class=\"_ _16\"></span>rimangono <span class=\"_ _1\"></span>iscritte <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>tale <span class=\"_ _1\"></span>voce <span class=\"_ _16\"></span>f<span class=\"_ _3\"></span>ino <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _1\"></span>momento <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>loro </span></span></span></span>utilizzazione economica: da <span class=\"_ _6\"></span>tale momento sono riclas<span class=\"_ _2\"></span>sificate nelle <span class=\"_ _2\"></span>rispettive voc<span class=\"_ _2\"></span>i di competenza <span class=\"_ _2\"></span>delle attivit\u00e0 immateriali ed am<span class=\"_ _2\"></span>mortizzate. Le<span class=\"ls0\"> immobiliz<span class=\"_ _2\"></span>zazioni <span class=\"ls6\">in</span> <span class=\"_ _1\"></span>corso sono assog<span class=\"_ _2\"></span>gettate <span class=\"ls4\">ad</span> <span class=\"_ _1\"></span><span class=\"ff26\">impairment test, <span class=\"_ _2\"></span><span class=\"ff21\">cos\u00ec co<span class=\"_ _2\"></span>me previs<span class=\"_ _2\"></span>to dallo IAS 36.<span class=\"_ _2\"></span> </span></span></span>Gli <span class=\"_ _1\"></span>oneri <span class=\"_ _1\"></span>finanziari <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>capitalizzati <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>immateriali <span class=\"_ _1\"></span>acquisite <span class=\"_ _2\"></span>ove <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ichiedano <span class=\"_ _2\"></span>un rilevante periodo <span class=\"_ _2\"></span>di tempo prima d<span class=\"_ _2\"></span>i essere pron<span class=\"_ _2\"></span>te per l\u2019uso. 15. P<span class=\"_ _1\"></span>erdi<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 no<span class=\"_ _1\"></span>n fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iarie La soc<span class=\"_ _3\"></span>iet\u00e0 verifica, almeno u<span class=\"_ _3\"></span><span class=\"ff24\">na <span class=\"_ _3\"></span>volta <span class=\"_ _3\"></span>all\u2019anno, la <span class=\"_ _3\"></span>recuperabilit\u00e0 del <span class=\"_ _3\"></span>valore contabile <span class=\"_ _3\"></span>delle attivit\u00e0 i<span class=\"_ _3\"></span>mmaterial<span class=\"_ _2\"></span>i </span>a <span class=\"_ _1\"></span>vita <span class=\"_ _1\"></span>utile <span class=\"_ _1\"></span>indefinita, <span class=\"_ _16\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>immateriali <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>corso, <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>volta <span class=\"_ _7\"></span>che <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>manifestano <span class=\"_ _16\"></span>indicatori <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>potenziale riduzione <span class=\"_ _8\"></span>di <span class=\"_ _15\"> </span>valore, <span class=\"_ _8\"></span>la <span class=\"_ _15\"></span>recuperabi<span class=\"_ _2\"></span>lit\u00e0 <span class=\"_ _15\"></span>del <span class=\"_ _8\"></span>valore <span class=\"_ _8\"></span>co<span class=\"_ _3\"></span>ntabile <span class=\"_ _8\"></span>delle <span class=\"_ _15\"> </span>immobilizzazio<span class=\"_ _2\"></span>ni <span class=\"_ _8\"></span>materiali <span class=\"_ _15\"></span>e <span class=\"_ _8\"></span>delle <span class=\"_ _15\"> </span>attivit\u00e0 immateriali <span class=\"_ _2\"></span>a vi<span class=\"_ _2\"></span>ta utile<span class=\"_ _2\"></span> defi<span class=\"_ _2\"></span>nita, nonch\u00e9 <span class=\"_ _1\"></span>delle partecip<span class=\"_ _2\"></span>azioni, <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>fine d<span class=\"_ _2\"></span>i determ<span class=\"_ _2\"></span>inare se <span class=\"_ _1\"></span>tali attivit\u00e0 <span class=\"_ _2\"></span>possano <span class=\"_ _2\"></span>aver subito una <span class=\"_ _1\"></span>perdita di <span class=\"_ _1\"></span>valore. Se <span class=\"_ _2\"></span>esiste un<span class=\"_ _1\"></span>a tale evid<span class=\"_ _2\"></span>enza, <span class=\"_ _2\"></span>il va<span class=\"_ _2\"></span>lore <span class=\"_ _2\"></span>di ca<span class=\"_ _2\"></span>rico d<span class=\"_ _2\"></span>e<span class=\"ff24\">ll\u2019attivit\u00e0 viene<span class=\"_ _2\"></span> rido<span class=\"_ _2\"></span>tto a<span class=\"_ _2\"></span>l relat<span class=\"_ _2\"></span>ivo<span class=\"ff21\"> </span></span>valore <span class=\"_ _16\"></span>recuperabile. <span class=\"_ _16\"></span><span class=\"ls8\">Il<span class=\"ls0\"> <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>recuperabile <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span><span class=\"ff24\">un\u2019attivit\u00e0<span class=\"ff21\"> <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>maggiore <span class=\"_ _16\"></span><span class=\"ls6\">tra<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _16\"></span>value <span class=\"_ _2\"></span><span class=\"ff21 ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span>netto <span class=\"_ _1\"></span>dei <span class=\"_ _16\"></span>costi <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>vendita </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>ed<span class=\"ls0\"> <span class=\"ls17\">il</span> suo valore <span class=\"ff24\">d\u2019uso.</span> <span class=\"ls8\">Il</span> <span class=\"ff26\">fair value </span>\u00e8 determin<span class=\"_ _2\"></span>ato con riferimento ai <span class=\"_ _6\"></span>prezzi <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>merc<span class=\"_ _2\"></span>ato. <span class=\"_ _6\"></span>In <span class=\"_ _3\"></span>assenza <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>valori <span class=\"_ _3\"></span>di </span>mercato v<span class=\"_ _2\"></span>engono u<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ilizzati <span class=\"_ _1\"></span>metodi di s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ima e <span class=\"_ _1\"></span>modelli v<span class=\"_ _2\"></span>alutativi ba<span class=\"_ _1\"></span>sati su dati <span class=\"_ _1\"></span>comunque <span class=\"_ _2\"></span>rilevabili <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>mercato. Il <span class=\"_ _6\"></span>valore <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>definito <span class=\"_ _3\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dell\u2019attua<span class=\"_ _2\"></span>lizzazione <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cassa <span class=\"_ _3\"></span>attesi <span class=\"_ _14\"></span>dall\u2019utilizzo <span class=\"_ _6\"></span>o <span class=\"_ _3\"></span>dalla <span class=\"_ _6\"></span>vendita del bene (o da un\u2019a<span class=\"_ _2\"></span>ggregazione di <span class=\"_ _2\"></span>beni, c.d. <span class=\"ff26\">cash gen<span class=\"_ _2\"></span>erating unit<span class=\"ff21 ls8\">).<span class=\"ls0\"> </span></span></span>Quando, su<span class=\"_ _2\"></span>ccessivamente, <span class=\"_ _1\"></span>la perdita d<span class=\"_ _2\"></span>i valore <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> un\u2019a<span class=\"_ _2\"></span>ttivit\u00e0 div<span class=\"_ _2\"></span>ersa da<span class=\"_ _2\"></span>ll\u2019avviament<span class=\"_ _2\"></span>o viene <span class=\"_ _2\"></span>meno o <span class=\"_ _1\"></span>si riduce, <span class=\"_ _2\"></span>il valore <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>dell\u2019attivit\u00e0 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>incrementato <span class=\"_ _1\"></span><span class=\"ff21\">sino <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>nuova <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>del va<span class=\"_ _2\"></span>lore <span class=\"_ _1\"></span>recuperabile <span class=\"_ _1\"></span>e n<span class=\"_ _2\"></span>ei <span class=\"_ _1\"></span>limiti <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>valore<span class=\"_ _2\"></span> </span>che <span class=\"_ _3\"></span>sarebbe <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>determinato se <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>osse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>alcuna perdita <span class=\"_ _6\"></span>per riduzione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>netto degli eventuali ammor<span class=\"_ _2\"></span>tamenti. 16. Cr<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>i e <span class=\"_ _1\"></span>altre<span class=\"_ _2\"></span> At<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ie I <span class=\"_ _3\"></span>crediti,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _6\"></span>eccezione <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>crediti <span class=\"_ _6\"></span>commerciali, <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span><span class=\"ls17\">le</span> <span class=\"_ _6\"></span>altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziar<span class=\"_ _2\"></span>ie <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>inizialmente <span class=\"_ _14\"></span>rilevate <span class=\"_ _6\"></span><span class=\"ls4\">al</span> <span class=\"_ _6\"></span><span class=\"ff26\">fair </span>value<span class=\"ff21\">, <span class=\"_ _14\"></span>oltre, <span class=\"_ _14\"></span>nel <span class=\"_ _14\"></span>solo <span class=\"_ _6\"></span><span class=\"ls4\">caso</span> <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span><span class=\"ff24\">un\u2019attivit\u00e0</span> <span class=\"_ _14\"></span>finanziaria <span class=\"_ _6\"></span>classificata <span class=\"_ _14\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span></span>fair <span class=\"_ _14\"></span>value <span class=\"_ _14\"></span><span class=\"ff21\">con <span class=\"_ _8\"></span>va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>im<span class=\"_ _1\"></span>pu<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>co<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>o </span>ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> gli<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _2\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _2\"></span>or<span class=\"_ _1\"></span>i di ac<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>. I cr<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>di<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>mm<span class=\"_ _2\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>rilevazione iniziale <span class=\"_ _6\"></span>sono<span class=\"_ _2\"></span> valutati <span class=\"_ _16\"></span>al <span class=\"_ _2\"></span>prezzo <span class=\"_ _16\"></span>stabilito <span class=\"_ _1\"></span>nell\u2019operazion<span class=\"_ _2\"></span>e. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>management <span class=\"_ _1\"></span>determina <span class=\"_ _16\"></span>la <span class=\"_ _1\"></span>classificazione <span class=\"_ _1\"></span>delle <span class=\"_ _16\"></span>attivit\u00e0 <span class=\"_ _1\"></span>finanziarie secondo i criteri def<span class=\"_ _2\"></span>initi dall\u2019IFR<span class=\"_ _2\"></span>S 9 e come r<span class=\"_ _2\"></span>ichiesto dall\u2019IFR<span class=\"_ _2\"></span>S 7 al momento d<span class=\"_ _2\"></span>ella loro pri<span class=\"_ _2\"></span>ma iscrizione.<span class=\"ff21\"> </span>Successivamente <span class=\"_ _16\"></span>all\u2019iscrizione <span class=\"_ _16\"></span>iniziale, <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span><span class=\"ff21\">attivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>valutate <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>relazione <span class=\"_ _16\"></span>alla <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>oro <span class=\"_ _16\"></span>classificazione </span>all\u2019interno di un<span class=\"_ _2\"></span>a delle segu<span class=\"_ _2\"></span>enti categorie:<span class=\"ff21\"> </span><span class=\"ff21 fs2 fc0\">al <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>ammortizzato: <span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>crediti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>effettuata <span class=\"_ _3\"></span>secondo<span class=\"_ _3\"></span> <span class=\"ls17\">il</span> criterio <span class=\"_ _1\"></span>del </span>costo <span class=\"_ _6\"></span>ammortizzato, <span class=\"_ _6\"></span>rilevando <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _14\"></span>econo<span class=\"_ _2\"></span>mico <span class=\"_ _6\"></span>gli <span class=\"_ _14\"></span>interessi <span class=\"_ _3\"></span>calcolati <span class=\"_ _15\"> </span>al <span class=\"_ _8\"></span>tasso <span class=\"_ _8\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>i<span class=\"_ _3\"></span>nteresse <span class=\"_ _8\"></span>effettivo <span class=\"_ _8\"></span>ossia applicando <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>tasso <span class=\"_ _2\"></span>che <span class=\"_ _1\"></span>rende <span class=\"_ _2\"></span>nulla <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>somma <span class=\"_ _2\"></span>dei <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>attuali <span class=\"_ _1\"></span>dei f<span class=\"_ _2\"></span>lussi <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>cassa <span class=\"_ _1\"></span>netti <span class=\"_ _1\"></span>generati <span class=\"_ _2\"></span>dallo <span class=\"_ _1\"></span>strumento finanziario. <span class=\"_ _12\"> </span>Le <span class=\"_ _11\"> </span>perdite <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>i<span class=\"_ _3\"></span>scritte <span class=\"_ _a1\"> </span>a <span class=\"_ _12\"> </span>conto <span class=\"_ _11\"> </span>economico <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>manifestars<span class=\"_ _2\"></span>i <span class=\"_ _11\"> </span>di <span class=\"_ _12\"> </span>perdite <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>valore <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>quando <span class=\"_ _12\"> </span>i finanziamenti <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>contabilmente <span class=\"_ _1\"></span>eliminati. <span class=\"_ _1\"></span>I <span class=\"_ _16\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>assoggettati <span class=\"_ _16\"></span>ad <span class=\"_ _1\"></span><span class=\"ff26\">i<span class=\"_ _3\"></span>mpairment <span class=\"_ _16\"></span><span class=\"ff21\">e <span class=\"_ _2\"></span>quindi <span class=\"_ _16\"></span>iscritti </span></span>al <span class=\"_ _14\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>presumibile <span class=\"_ _6\"></span>realizzo <span class=\"_ _6\"></span>(<span class=\"ff26\">fair <span class=\"_ _14\"></span>value</span><span class=\"ls5\">),</span> <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ediante <span class=\"_ _6\"></span><span class=\"ls6\">lo</span> <span class=\"_ _6\"></span>stanziamento <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>uno <span class=\"_ _14\"></span>specifico<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>ondo <span class=\"_ _6\"></span>svalutazione portato a diretta de<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>razione del v<span class=\"_ _2\"></span>alore dell\u2019attiv<span class=\"_ _2\"></span>it\u00e0.<span class=\"ff21\"> </span>I <span class=\"_ _2\"></span>cre<span class=\"_ _2\"></span>dit<span class=\"_ _2\"></span>i v<span class=\"_ _1\"></span>engon<span class=\"_ _1\"></span>o sva<span class=\"_ _1\"></span>lutat<span class=\"_ _1\"></span>i q<span class=\"_ _2\"></span>uan<span class=\"_ _1\"></span>do es<span class=\"_ _2\"></span>ist<span class=\"_ _2\"></span>e <span class=\"ls7\">una</span> <span class=\"_ _1\"></span>indic<span class=\"_ _1\"></span>azio<span class=\"_ _2\"></span>ne<span class=\"_ _1\"></span> ogg<span class=\"_ _2\"></span>etti<span class=\"_ _2\"></span>va <span class=\"_ _1\"></span>della<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>babil<span class=\"_ _1\"></span>e in<span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>gib<span class=\"_ _1\"></span>ilit<span class=\"_ _2\"></span>\u00e0 del <span class=\"_ _6\"></span>credito <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>in base <span class=\"_ _14\"></span>all\u2019esperienza <span class=\"_ _14\"></span>storica, <span class=\"_ _14\"></span>ai <span class=\"_ _14\"></span>dati <span class=\"_ _14\"></span>statistici <span class=\"_ _14\"></span>alle <span class=\"_ _14\"></span>con<span class=\"_ _3\"></span><span class=\"ff21\">dizioni <span class=\"_ _14\"></span>correnti <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>alle <span class=\"_ _7\"></span>previsioni <span class=\"_ _14\"></span>sulle <span class=\"_ _14\"></span>condizioni <span class=\"_ _6\"></span>fut<span class=\"_ _3\"></span>ure </span>(<span class=\"ff26\">expected cred<span class=\"_ _2\"></span>it losses<span class=\"ff21 ls5\">).<span class=\"ls0\"> </span></span></span>Qualora <span class=\"_ _7\"></span>nei <span class=\"_ _8\"></span>periodi <span class=\"_ _7\"></span>successiv<span class=\"_ _2\"></span>i <span class=\"_ _8\"></span>vengano <span class=\"_ _7\"></span>meno <span class=\"_ _7\"></span>le <span class=\"_ _8\"></span>motivazioni <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>precedenti <span class=\"_ _7\"></span>svalutazioni,<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>il <span class=\"_ _8\"></span>valore <span class=\"_ _7\"></span>delle attivit\u00e0 <span class=\"_ _12\"> </span>viene <span class=\"_ _12\"> </span>ripristinato <span class=\"_ _12\"> </span>fino <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>concorrenza <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>che <span class=\"_\"> </span>sarebb<span class=\"_ _2\"></span>e <span class=\"_ _11\"> </span>derivato <span class=\"_ _15\"> </span>dall\u2019<span class=\"_ _3\"></span>applicazion<span class=\"_ _2\"></span>e <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>costo ammortizzato, <span class=\"_ _2\"></span>se non fosse sta<span class=\"_ _2\"></span>ta effettuata la s<span class=\"_ _2\"></span>valutazione. Il<span class=\"ls0\"> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>evidenzia <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>questa <span class=\"_ _16\"></span>categoria <span class=\"_ _16\"></span>pr<span class=\"_ _3\"></span>evalentemen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _16\"></span>con <span class=\"_ _1\"></span>scadenza <span class=\"_ _16\"></span>entro <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>dodici <span class=\"_ _2\"></span>mesi <span class=\"_ _0\"></span>iscritte <span class=\"_ _16\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _0\"></span>loro </span></span></span></span></span>valore <span class=\"_ _1\"></span>nominale, <span class=\"_ _1\"></span>quale <span class=\"_ _16\"></span>approssimazione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>ammortizzato. <span class=\"_ _1\"></span>Nel <span class=\"_ _1\"></span>caso in<span class=\"_ _3\"></span> cui <span class=\"ls6\">il</span> paga<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ento preveda <span class=\"_ _2\"></span>termini superiori <span class=\"_ _15\"> </span>alle <span class=\"_ _12\"> </span>normali <span class=\"_ _12\"> </span>condizioni <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>mercato <span class=\"_ _15\"> </span>e <span class=\"_ _12\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>credito <span class=\"_ _11\"> </span>non <span class=\"_ _11\"> </span>maturi <span class=\"_ _12\"> </span>i<span class=\"_ _3\"></span>nteressi, <span class=\"_ _12\"> </span>si <span class=\"_\"> </span>co<span class=\"_ _2\"></span>nsidera <span class=\"_ _11\"> </span>presente <span class=\"_ _11\"> </span>una componente <span class=\"_ _15\"> </span>finanziaria <span class=\"_ _15\"> </span>implicita <span class=\"_ _15\"> </span>nel <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>i<span class=\"_ _3\"></span>scritto, <span class=\"_ _8\"></span>che <span class=\"_ _12\"> </span>viene <span class=\"_ _12\"> </span>pertanto <span class=\"_ _15\"> </span>attualizzato, <span class=\"_ _15\"> </span>addebitando <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>conto economico il <span class=\"_ _2\"></span>relativo scont<span class=\"_ _2\"></span>o. I <span class=\"_ _3\"></span>finanziamenti <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>crediti <span class=\"_ _3\"></span>denominati <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>valuta estera <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>convertiti <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>cambio <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>fine <span class=\"_ _6\"></span>esercizio<span class=\"_ _3\"></span> e gli utili o <span class=\"ls17\">le</span> perdite <span class=\"_ _1\"></span>derivanti <span class=\"_ _1\"></span><span class=\"ff24\">dall\u2019adeguamento<span class=\"ff21\"> <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>imputati <span class=\"_ _1\"></span>a con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>econo<span class=\"_ _1\"></span>mico.<span class=\"_ _1\"></span> </span></span><span class=\"ff21 fs2 fc0 ls4\">al<span class=\"ls0\"> <span class=\"_ _7\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span></span>rilevato <span class=\"_ _7\"></span>nelle <span class=\"_ _7\"></span>altre <span class=\"_ _7\"></span>componenti <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _7\"></span>complessivo <span class=\"_ _14\"></span>(FVOCI): gli altri<span class=\"_ _2\"></span> strumenti </span></span>di <span class=\"_ _3\"></span>capitale non correnti (ex <span class=\"_ _3\"></span><span class=\"ff26\">available for <span class=\"_ _3\"></span>sale</span>) sono <span class=\"_ _3\"></span>rilevati inizialmente <span class=\"_ _11\"> </span>al costo <span class=\"_ _3\"></span>(<span class=\"ff26\">fair value <span class=\"_ _3\"></span></span>del corrispettivo iniziale <span class=\"_ _3\"></span>dato <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cambio) <span class=\"_ _3\"></span>incrementato degli <span class=\"_ _6\"></span>eventuali oneri <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>transaz<span class=\"_ _2\"></span>ione <span class=\"_ _3\"></span>direttamente attribuibili <span class=\"_ _3\"></span>agli <span class=\"_ _3\"></span>stessi. Il <span class=\"_\"> </span>Gruppo<span class=\"_ _2\"></span>, <span class=\"_\"> </span>no<span class=\"_ _2\"></span>n <span class=\"_ _11\"> </span>essendo <span class=\"_\"> </span>opera<span class=\"_ _2\"></span>tivo <span class=\"_\"> </span>n<span class=\"_ _2\"></span>el <span class=\"_\"> </span>trading <span class=\"_ _11\"> </span>azionario, <span class=\"_\"> </span>h<span class=\"_ _1\"></span>a <span class=\"_\"> </span>adottato <span class=\"_ _11\"> </span>l\u2019opzione <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_\"> </span>present<span class=\"_ _2\"></span>are <span class=\"_\"> </span>n<span class=\"_ _2\"></span>elle <span class=\"_ _11\"> </span>altre componenti <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _16\"></span>complessivo <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span>succes<span class=\"_ _2\"></span>sive <span class=\"_ _1\"></span>variazioni <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _16\"></span><span class=\"ff24\">dell\u2019investimento. <span class=\"_ _16\"></span>Pertanto </span></span>solo <span class=\"_ _7\"></span>i <span class=\"_ _8\"></span>di<span class=\"_ _3\"></span>videndi <span class=\"_ _7\"></span>sono <span class=\"_ _8\"></span>rilevati <span class=\"_ _7\"></span>a <span class=\"_ _8\"></span>conto <span class=\"_ _8\"></span>economico <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>meno<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>che <span class=\"_ _8\"></span>non <span class=\"_ _8\"></span>rappresenti<span class=\"_ _2\"></span>no <span class=\"_ _8\"></span>chiaramente <span class=\"_ _15\"> </span>un <span class=\"_ _12\"> </span>rimborso dell\u2019investimento. L<span class=\"_ _2\"></span>e variazioni di <span class=\"ff26\">fair value <span class=\"ff21\">e eventu<span class=\"_ _2\"></span>ali plusvalenze e min<span class=\"_ _2\"></span>usvalenze in fase di cession<span class=\"_ _2\"></span>e degli </span></span>altri strumenti <span class=\"_ _3\"></span>di capitale <span class=\"_ _3\"></span>non correnti sono <span class=\"_ _3\"></span>rilevati <span class=\"_\"> </span>a conto economico <span class=\"_ _3\"></span>complessivo e <span class=\"_ _3\"></span>non transitano mai <span class=\"_ _3\"></span>dal conto <span class=\"_ _1\"></span>economico. <span class=\"_ _2\"></span>Poich\u00e9 <span class=\"_ _1\"></span>tale <span class=\"_ _1\"></span>opzione <span class=\"_ _2\"></span>pu\u00f2 <span class=\"_ _1\"></span>essere <span class=\"_ _2\"></span>esercitata <span class=\"_ _1\"></span>investimento <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>investimento, <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>eccezioni in fase di prima <span class=\"_ _2\"></span>iscrizione verranno e<span class=\"_ _1\"></span>vi<span class=\"_ _3\"></span>denziate ne<span class=\"_ _2\"></span>lla nota di com<span class=\"_ _2\"></span>mento alla voce. Tutti <span class=\"_ _12\"> </span>gli <span class=\"_ _12\"> </span>investimenti <span class=\"_ _12\"> </span><span class=\"ls6\">in</span> <span class=\"_ _12\"> </span>strumenti <span class=\"_ _12\"> </span>rappresenta<span class=\"_ _2\"></span>tivi <span class=\"_ _12\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>capitale <span class=\"_ _12\"> </span>devono <span class=\"_ _12\"> </span><span class=\"ls4\">es</span>sere <span class=\"_ _11\"> </span>valutati <span class=\"_ _12\"> </span>al <span class=\"ff26\">fair value</span>. In caso di <span class=\"_ _6\"></span>titoli <span class=\"_ _3\"></span>negoziati <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>mercati <span class=\"_ _6\"></span>attivi, <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _3\"></span></span>\u00e8 <span class=\"_ _6\"></span>determin<span class=\"_ _2\"></span>ato <span class=\"_ _3\"></span>facendo <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>alla <span class=\"_ _6\"></span>quotazione <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>al termine delle negoz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>azioni del g<span class=\"_ _2\"></span>iorno di chiusu<span class=\"_ _2\"></span>ra <span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019e<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>ciz<span class=\"_ _1\"></span>io.<span class=\"_ _2\"></span><span class=\"ff21\"> </span></span>Per gli i<span class=\"_ _3\"></span>nvestimenti per i quali non es<span class=\"_ _3\"></span>iste un mercato attivo, il <span class=\"_ _6\"></span><span class=\"ff26\">fair value </span>\u00e8 <span class=\"_ _3\"></span>determinato in funzione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>prezzo di <span class=\"_ _16\"></span>transazioni <span class=\"_ _16\"></span>recenti <span class=\"_ _16\"></span>fra <span class=\"_ _16\"></span>parti <span class=\"_ _16\"></span>indipendenti <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>strumenti <span class=\"_ _0\"></span>sostanzialmente si<span class=\"_ _1\"></span>mili<span class=\"_ _2\"></span>, <span class=\"_ _16\"></span>oppur<span class=\"_ _2\"></span>e <span class=\"_ _16\"></span>utili<span class=\"_ _2\"></span>zza<span class=\"_ _2\"></span>ndo<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>tre<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>tecnic<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e </span></span>di <span class=\"_ _8\"></span>val<span class=\"_ _2\"></span>uta<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>one<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>quali<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls3\">ad</span> <span class=\"_ _8\"></span>esem<span class=\"_ _2\"></span>pio<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>valut<span class=\"_ _1\"></span>azion<span class=\"_ _1\"></span>i <span class=\"_ _8\"></span>red<span class=\"_ _2\"></span>dit<span class=\"_ _2\"></span>ua<span class=\"_ _1\"></span>li <span class=\"_ _15\"> </span>o <span class=\"_ _12\"> </span>basate <span class=\"_ _12\"> </span>sull\u2019analisi <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>flussi <span class=\"_ _12\"> </span>finanziari <span class=\"_ _15\"> </span>attualizzati (<span class=\"ff26\">Discounted Cash Flow<span class=\"_ _1\"></span><span class=\"ff21 ls5\">).<span class=\"ls0\"> </span></span></span>Limitatamente <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>poche <span class=\"_ _6\"></span>circostanze, <span class=\"_ _3\"></span>tuttavia, <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>pu\u00f2 <span class=\"_ _6\"></span>rappresen<span class=\"_ _2\"></span>tare <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>stima <span class=\"_ _3\"></span>adeguata <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _6\"></span>value <span class=\"_ _3\"></span></span>se, per esempio, le pi\u00f9 recenti informa<span class=\"_ _2\"></span>zioni disponibili per<span class=\"_ _2\"></span> valutare il <span class=\"ff26\">fair value </span>sono insufficienti, oppure se vi \u00e8 un\u2019ampia gamma di possibili<span class=\"_ _2\"></span> val<span class=\"ff21\">utazioni del <span class=\"ff26\">fair value</span>. Il costo non \u00e8 mai la migliore stima del <span class=\"ff26\">fair value </span>per </span>gli investimen<span class=\"_ _2\"></span>ti in strumenti ra<span class=\"_ _2\"></span>ppresentativi d<span class=\"_ _2\"></span>i capitale quota<span class=\"_ _2\"></span>ti. Dal <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>operativo<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>nel <span class=\"_ _6\"></span>trading <span class=\"_ _3\"></span>azionario, <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>altri <span class=\"_ _6\"></span>strum<span class=\"_ _2\"></span>enti <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>capitale<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>non <span class=\"_ _6\"></span>corrent<span class=\"_ _3\"></span><span class=\"ls17\">i </span>sono costituiti dagli i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _2\"></span>ti i<span class=\"_ _3\"></span>n strumenti rappresentativ<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>del capitale inferiori al <span class=\"_ _3\"></span>20% nei quali il <span class=\"_ _3\"></span>Gruppo non esercita un\u2019in<span class=\"_ _2\"></span>fluenza significa<span class=\"_ _2\"></span>tiva.<span class=\"ff21\"> </span>al <span class=\"_ _12\"> </span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _15\"> </span>value <span class=\"_ _12\"> </span><span class=\"ff24\">rilevato <span class=\"_ _12\"> </span>nel <span class=\"_ _15\"> </span>risultato <span class=\"_ _12\"> </span>dell\u2019esercizio <span class=\"_ _15\"> </span>(FVTPL): <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>valutazione <span class=\"_ _15\"> </span>delle <span class=\"_ _15\"> </span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _12\"> </span></span></span>finan<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ari<span class=\"_ _1\"></span>e, <span class=\"_ _8\"></span>che<span class=\"_ _2\"></span> <span class=\"_ _8\"></span><span class=\"ls49\">al</span> mom<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to <span class=\"_ _14\"></span>della<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>rile<span class=\"_ _1\"></span>vazi<span class=\"_ _2\"></span>one<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>inizia<span class=\"_ _1\"></span>le <span class=\"_ _7\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>valu<span class=\"_ _1\"></span>tate <span class=\"_ _14\"></span><span class=\"ls49\">al<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span><span class=\"ff26\">fai<span class=\"_ _2\"></span>r <span class=\"_ _7\"></span>val<span class=\"_ _2\"></span>ue <span class=\"_ _14\"></span><span class=\"ff21\">con <span class=\"_ _14\"></span>varia<span class=\"_ _1\"></span>zioni<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>imputate <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>cont<span class=\"_ _3\"></span>o <span class=\"_ _14\"></span>economico <span class=\"_ _14\"></span>\u00e8 </span></span>determinata facendo <span class=\"_ _2\"></span>riferimento <span class=\"ls4\">al</span> v<span class=\"_ _2\"></span>alore di me<span class=\"_ _2\"></span>rcato alla data <span class=\"_ _3\"></span>di <span class=\"_ _14\"></span>chiusura<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rilevazione; nel <span class=\"_ _11\"> </span>caso <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>strumenti <span class=\"_\"> </span>non<span class=\"_ _1\"></span> <span class=\"_\"> </span>quotati <span class=\"_ _11\"> </span>lo <span class=\"_\"> </span>s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>esso <span class=\"_ _11\"> </span>\u00e8 <span class=\"_\"> </span>dete<span class=\"_ _2\"></span>rminato <span class=\"_ _11\"> </span>attraverso <span class=\"_ _11\"> </span>tecniche <span class=\"_ _11\"> </span>finanziarie <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>valutazione generalmente <span class=\"_ _1\"></span>accettate <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>basate su <span class=\"_ _1\"></span>dati d<span class=\"_ _2\"></span>i mer<span class=\"_ _2\"></span>cato. <span class=\"_ _2\"></span>Gli <span class=\"_ _1\"></span>utili e <span class=\"_ _1\"></span>le perdi<span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span>dalla va<span class=\"_ _2\"></span>lutazione al <span class=\"_ _1\"></span><span class=\"ff26\">fair valu<span class=\"_ _2\"></span>e </span>relativi <span class=\"_ _14\"></span>alle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _14\"></span>classifi<span class=\"_ _2\"></span>cate <span class=\"_ _14\"></span><span class=\"ls6\">in</span> <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categoria <span class=\"_ _14\"></span>sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _14\"></span>economico. <span class=\"_ _6\"></span><span class=\"ls16\">Al</span> <span class=\"_ _14\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _14\"></span>2022 <span class=\"_ _14\"></span><span class=\"ls6\">il</span> Gruppo non detie<span class=\"_ _2\"></span>ne attivit\u00e0 finanz<span class=\"_ _2\"></span>iarie, che al <span class=\"_ _2\"></span>momento della <span class=\"_ _2\"></span>rilevazione <span class=\"_ _2\"></span>iniziale sono valu<span class=\"_ _2\"></span>tate al <span class=\"ff26\">f<span class=\"_ _3\"></span>air value</span>. 17. R<span class=\"_ _2\"></span>iman<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ze <span class=\"_ _1\"></span>di mag<span class=\"_ _1\"></span>azzin<span class=\"_ _2\"></span>o Le <span class=\"_ _16\"></span>rimanenze <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>valutate <span class=\"_ _0\"></span>al <span class=\"_ _1\"></span>minore <span class=\"_ _16\"></span>tra <span class=\"_ _16\"></span>il <span class=\"_ _1\"></span>costo <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>acquisto <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _16\"></span>produzione <span class=\"_ _16\"></span>comprensivo <span class=\"_ _16\"></span>degli <span class=\"_ _14\"></span>oneri <span class=\"_ _14\"></span>accesso<span class=\"_ _2\"></span>ri di <span class=\"_ _15\"> </span>diretta <span class=\"_ _12\"> </span>imputazione, <span class=\"_ _15\"> </span><span class=\"ls3\">al</span> <span class=\"_ _12\"> </span>netto <span class=\"_ _12\"> </span>degli <span class=\"_ _15\"> </span>sconti <span class=\"_ _12\"> </span>e <span class=\"_ _15\"> </span>abbuoni, <span class=\"_ _12\"> </span>calcolato co<span class=\"_ _2\"></span>n il metodo <span class=\"_ _2\"></span>del costo med<span class=\"_ _2\"></span>io ponderato,<span class=\"_ _1\"></span> ed <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>presumibile <span class=\"_ _6\"></span>realizzo <span class=\"_ _6\"></span>desumibile <span class=\"_ _6\"></span>dall\u2019andamento<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>mercato. <span class=\"_ _6\"></span>Il <span class=\"_ _14\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>presumib<span class=\"_ _2\"></span>ile <span class=\"_ _6\"></span>realizzo viene calcolato tenendo conto dei prezzi di mercato, degli eventuali costi di produ<span class=\"_ _2\"></span>zione ancora da sostenere e dei <span class=\"_\"> </span>costi <span class=\"_\"> </span>diretti <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>vendita. <span class=\"_ _12\"> </span><span class=\"ls8\">Il<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>delle<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>rimanenz<span class=\"_ _2\"></span>e <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>rettificato <span class=\"_ _12\"> </span>tramite <span class=\"_ _12\"> </span><span class=\"ff24\">l\u2019iscrizione</span> <span class=\"_ _12\"> </span><span class=\"ls7\">di</span> <span class=\"_ _12\"> </span>spe<span class=\"_ _3\"></span>cifico <span class=\"_ _12\"> </span>fondo svalutazione pe<span class=\"_ _2\"></span>r tenere con<span class=\"_ _2\"></span>to di fenomeni di <span class=\"_ _2\"></span>lento rigiro e obso<span class=\"_ _2\"></span>lescenza. 18. D<span class=\"_ _1\"></span>ispon<span class=\"_ _2\"></span>ibi<span class=\"_ _2\"></span>lit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>liqu<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>mezz<span class=\"_ _1\"></span>i eq<span class=\"_ _2\"></span>uiv<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>nti La<span class=\"ls0\"> vo<span class=\"_ _2\"></span>ce <span class=\"_ _1\"></span>comp<span class=\"_ _1\"></span>rende<span class=\"_ _1\"></span> <span class=\"ls17\">il</span> d<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>o <span class=\"ls17\">in<span class=\"_ _2\"></span><span class=\"ls0\"> ca<span class=\"_ _1\"></span>ssa,<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>epo<span class=\"_ _1\"></span>siti<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>i a <span class=\"_ _2\"></span>vis<span class=\"_ _1\"></span>ta <span class=\"ls3\">ed<span class=\"_ _2\"></span><span class=\"ls0\"> al<span class=\"_ _1\"></span>tri <span class=\"_ _2\"></span>inv<span class=\"_ _2\"></span>es<span class=\"_ _1\"></span>timen<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>inanz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri <span class=\"_ _2\"></span>a breve termine e </span></span></span></span></span>ad elevata <span class=\"_ _3\"></span>liquidit\u00e0 che sono prontamente convertibili in <span class=\"_ _3\"></span>cassa e <span class=\"_ _3\"></span>sono soggetti ad un <span class=\"_ _3\"></span>rischio non <span class=\"_ _6\"></span>significativo di variazione di va<span class=\"_ _2\"></span>lore. Sono iscritti <span class=\"ls4\">al</span> valore no<span class=\"_ _1\"></span>min<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>. 19. P<span class=\"_ _1\"></span>atri<span class=\"_ _1\"></span>monio <span class=\"_ _1\"></span>netto Az<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ni <span class=\"_ _2\"></span>pro<span class=\"_ _1\"></span>p<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e Sono <span class=\"_ _14\"></span>valutate <span class=\"_ _14\"></span>con <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>costo <span class=\"_ _14\"></span>storico <span class=\"_ _14\"></span>ed <span class=\"_ _14\"></span>iscritte <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>diminuzione <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _14\"></span>voci <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>patrimonio <span class=\"_ _14\"></span>netto. <span class=\"_ _14\"></span>Il risultato derivant<span class=\"_ _2\"></span>e da succe<span class=\"_ _2\"></span>ssive vendite v<span class=\"_ _2\"></span>iene rilevato <span class=\"_ _2\"></span>direttamente co<span class=\"_ _2\"></span>me movime<span class=\"_ _2\"></span>nto di patrimonio netto. Div<span class=\"_ _1\"></span>idend<span class=\"_ _2\"></span>i d<span class=\"_ _2\"></span>ist<span class=\"_ _1\"></span>ribui<span class=\"_ _2\"></span>ti I <span class=\"_\"> </span>dividend<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_\"> </span>pagab<span class=\"_ _2\"></span>ili <span class=\"_ _11\"> </span>sono <span class=\"_\"> </span>rappres<span class=\"_ _2\"></span>entati <span class=\"_\"> </span>c<span class=\"_ _2\"></span>ome <span class=\"_ _11\"> </span>movimento <span class=\"_\"> </span>di <span class=\"_\"> </span>patri<span class=\"_ _2\"></span>monio <span class=\"_\"> </span>n<span class=\"_ _2\"></span>etto <span class=\"_ _11\"> </span>nell\u2019esercizio <span class=\"_\"> </span>in <span class=\"_ _11\"> </span>cui <span class=\"_ _11\"> </span>sono approvati <span class=\"_ _16\"></span><span class=\"ff24\">dall\u2019Assemblea<span class=\"ff21\"> <span class=\"_ _16\"></span>degli <span class=\"_ _1\"></span>Azionisti <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>dal <span class=\"_ _16\"></span>Consiglio <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Amministraz<span class=\"_ _2\"></span>ione <span class=\"_ _16\"></span>nel <span class=\"_ _1\"></span>caso <span class=\"_ _2\"></span>di <span class=\"_ _16\"></span>acconto <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>dividendo </span></span>ai sensi dell\u2019art<span class=\"_ _2\"></span>icolo 2433-bis del Cod<span class=\"_ _2\"></span>ice Civile.<span class=\"_ _2\"></span> 20. B<span class=\"_ _1\"></span>enef<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>i <span class=\"_ _16\"></span>ai <span class=\"_ _1\"></span>dipen<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>ti <span class=\"_ _16\"></span>succ<span class=\"_ _1\"></span>essiv<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>al r<span class=\"_ _1\"></span>apport<span class=\"_ _1\"></span>o di l<span class=\"_ _2\"></span>av<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>o Il <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>rattamento <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>fine <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>apporto <span class=\"_ _6\"></span>(TFR), <span class=\"_ _6\"></span>obbligato<span class=\"_ _3\"></span><span class=\"ff24\">rio <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>imprese <span class=\"_ _6\"></span>italiane <span class=\"_ _14\"></span>ai <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>nsi <span class=\"_ _6\"></span>dell\u2019art. <span class=\"_ _14\"></span>2120 <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>Codice </span>Civile, ha <span class=\"_ _3\"></span>natura <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>retribuzione <span class=\"_ _3\"></span>differita ed <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>correlato <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>durata della <span class=\"_ _3\"></span>vita<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>lavorativa <span class=\"_ _3\"></span>dei dipendenti <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"_ _3\"></span>alla retribuzione <span class=\"_ _1\"></span>percepita <span class=\"_ _1\"></span>nel periodo <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>servizio <span class=\"_ _1\"></span>prestato. I<span class=\"_ _1\"></span>l Trattamen<span class=\"_ _2\"></span>to d<span class=\"_ _2\"></span>i f<span class=\"_ _2\"></span>ine <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>apporto <span class=\"_ _1\"></span>delle soci<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _2\"></span>italiane <span class=\"_ _1\"></span>con almeno <span class=\"_ _12\"> </span>50 <span class=\"_ _12\"> </span>dipendenti <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _12\"> </span>da <span class=\"_ _12\"> </span>considerarsi <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>piano <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>benefici <span class=\"_ _7\"></span>definiti <span class=\"_ _14\"></span>esclusivamente <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span><span class=\"ls6\">le</span> <span class=\"_ _7\"></span>quote <span class=\"_ _14\"></span>m<span class=\"_ _3\"></span>aturate anteriormente <span class=\"_ _1\"></span>al 1\u00b0 <span class=\"_ _1\"></span>gennaio <span class=\"_ _2\"></span>2007 <span class=\"_ _2\"></span>(e non <span class=\"_ _1\"></span>ancora <span class=\"_ _2\"></span>liquidat<span class=\"_ _2\"></span>e al<span class=\"_ _2\"></span>la da<span class=\"_ _2\"></span>ta d<span class=\"_ _2\"></span>i bi<span class=\"_ _2\"></span>lancio), <span class=\"_ _2\"></span>mentre <span class=\"_ _1\"></span>successi<span class=\"_ _3\"></span>vamente <span class=\"_ _f\"> </span>a tale data <span class=\"_ _12\"> </span>esso <span class=\"_ _11\"> </span>\u00e8 <span class=\"_ _12\"> </span>assimilabile <span class=\"_ _12\"> </span>ad <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>pi<span class=\"_ _3\"></span>ano <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>contribuzion<span class=\"_ _1\"></span>e <span class=\"_ _11\"> </span>definita. <span class=\"_ _12\"> </span>Per <span class=\"_ _11\"> </span>le <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _12\"> </span>italiane <span class=\"_ _12\"> </span>aventi<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>meno <span class=\"_ _12\"> </span><span class=\"ls7\">di</span> <span class=\"_ _12\"> </span><span class=\"ls7\">50<span class=\"_ _3\"></span></span> dipendenti, <span class=\"ls17\">il</span> <span class=\"_ _6\"></span>Trattamen<span class=\"_ _2\"></span>to di <span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>ine rapporto <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>piano a <span class=\"_ _6\"></span>benefici<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>definiti. <span class=\"_ _3\"></span>Tutti <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>piani <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>benefici <span class=\"_ _3\"></span>definiti <span class=\"_ _3\"></span>sono attualizzati. Il <span class=\"_ _3\"></span>processo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>attualizzazione, fondato <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>ipotesi <span class=\"_ _3\"></span>demografiche e <span class=\"_ _3\"></span>finanziarie, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>affidato ad <span class=\"_ _3\"></span>attuari professionisti <span class=\"_ _14\"></span>esterni. <span class=\"_ _14\"></span>Per <span class=\"_ _14\"></span>effetto <span class=\"_ _14\"></span>dell\u2019Emendamen<span class=\"_ _2\"></span>to <span class=\"_ _14\"></span>allo <span class=\"_ _7\"></span>IAS <span class=\"_ _14\"></span>19 <span class=\"_ _7\"> </span><span class=\"ff21\">- <span class=\"_ _7\"></span><span class=\"ff26\">Benefici <span class=\"_ _14\"></span>ai <span class=\"_ _14\"></span>dipendenti <span class=\"_ _14\"></span></span><span class=\"ls6\">il</span> <span class=\"_ _14\"></span>riconoscimento </span>delle <span class=\"_ _3\"></span>componenti <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>legate <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>prestazione <span class=\"_ _3\"></span>lavorativa <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>netti <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>conto eco<span class=\"_ _2\"></span>no<span class=\"_ _2\"></span>mico<span class=\"_ _1\"></span>, ment<span class=\"_ _1\"></span>re <span class=\"ff24\">l\u2019is<span class=\"_ _1\"></span>criz<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span><span class=\"ff21\"> degl<span class=\"_ _2\"></span>i ut<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span> e per<span class=\"_ _1\"></span>dite at<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i che<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>iva<span class=\"_ _2\"></span>no<span class=\"_ _2\"></span> dal<span class=\"_ _2\"></span>la <span class=\"ls8\">ri</span>-<span class=\"_ _1\"></span>misura<span class=\"_ _1\"></span>zion<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _3\"></span>e </span></span>delle attivit\u00e0 sono <span class=\"_ _2\"></span>rilevate n<span class=\"_ _2\"></span>el prospetto di con<span class=\"_ _2\"></span>to economico co<span class=\"_ _2\"></span>mplessivo. 21. F<span class=\"_ _2\"></span>ondi<span class=\"_ _1\"></span> risc<span class=\"_ _2\"></span>hi <span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> one<span class=\"_ _1\"></span>ri I <span class=\"_ _6\"></span>fondi <span class=\"_ _3\"></span>rischi <span class=\"_ _6\"></span><span class=\"ls4\">ed</span> <span class=\"_ _6\"></span>oneri <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _6\"></span><span class=\"ls17\">in</span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _3\"></span>quando <span class=\"_ _6\"></span><span class=\"ls6\">il</span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _6\"></span><span class=\"ls7\">ha</span> <span class=\"_ _6\"></span><span class=\"ff24\">un\u2019obbligazione</span> <span class=\"_ _3\"></span>legale <span class=\"_ _6\"></span>o <span class=\"_ _14\"></span>implicita <span class=\"_ _3\"></span>quale risultato <span class=\"_ _5\"> </span>di <span class=\"_ _4\"> </span>un <span class=\"_ _5\"> </span>evento <span class=\"_ _4\"> </span>passato <span class=\"_ _5\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _4\"> </span>\u00e8 <span class=\"_ _5\"> </span>probabile <span class=\"_ _5\"> </span>che<span class=\"_ _2\"></span> <span class=\"_ _5\"> </span>sar\u00e0 <span class=\"_ _4\"> </span>richiesto <span class=\"_ _5\"> </span>di <span class=\"_ _4\"> </span>adempiere <span class=\"_ _5\"> </span>all\u2019obbligazione. <span class=\"_ _5\"> </span>Gli accantonament<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>sul<span class=\"ff24\">la <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>della <span class=\"_ _3\"></span>miglior <span class=\"_ _3\"></span>stima <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>richiesti <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>adempiere <span class=\"_ _6\"></span>all\u2019ob<span class=\"_ _2\"></span>bligazione </span>alla data di bilanci<span class=\"_ _2\"></span>o, e sono attual<span class=\"_ _2\"></span>izzati quando <span class=\"_ _2\"></span>l\u2019effetto \u00e8 signi<span class=\"_ _2\"></span>ficativo. 22. De<span class=\"_ _2\"></span>bit<span class=\"_ _1\"></span>i ed a<span class=\"_ _1\"></span>ltre<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>ssiv<span class=\"_ _1\"></span>it\u00e0 I <span class=\"_ _2\"></span>\u201cDebiti <span class=\"_ _1\"></span>e altre<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0\u201d <span class=\"_ _1\"></span>comprendono <span class=\"_ _1\"></span>i debiti <span class=\"_ _1\"></span>commerciali, <span class=\"_ _1\"></span>i deb<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ti<span class=\"ff21\"> finanz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ari <span class=\"_ _1\"></span>e i <span class=\"_ _1\"></span>debiti v<span class=\"_ _2\"></span>erso <span class=\"_ _2\"></span>banche <span class=\"_ _1\"></span>nonch\u00e9 </span>le altre passiv<span class=\"_ _2\"></span>it\u00e0. I <span class=\"_ _7\"></span>debiti <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>le <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>inizialmente <span class=\"_ _7\"></span>rilevati <span class=\"_ _7\"></span>al <span class=\"_ _8\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span></span>che <span class=\"_ _7\"></span>sostanzialmente <span class=\"_ _7\"></span>coincide <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>importi incassati <span class=\"_ _14\"></span>o <span class=\"_ _14\"></span>da <span class=\"_ _14\"></span>incassare <span class=\"_ _14\"></span>al <span class=\"_ _14\"></span>netto <span class=\"_ _14\"></span>dei <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>dell\u2019operazione. <span class=\"_ _14\"></span>Il <span class=\"_ _14\"></span>management <span class=\"_ _14\"></span>determin<span class=\"ff21\">a <span class=\"_ _6\"></span><span class=\"ls6\">la</span> <span class=\"_ _6\"></span>classificazione <span class=\"_ _3\"></span>delle </span>passivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>secondo <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>criteri <span class=\"_ _3\"></span>definiti <span class=\"_ _3\"></span><span class=\"ff24\">dall\u2019<span class=\"_ _3\"></span>IFRS</span> 9 <span class=\"_ _6\"></span><span class=\"ff24\">e <span class=\"_ _6\"></span>ri<span class=\"_ _3\"></span>presi <span class=\"_ _14\"></span>dall\u2019IFR<span class=\"_ _2\"></span>S <span class=\"_ _6\"></span>7 <span class=\"_ _14\"></span>al <span class=\"_ _14\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>loro <span class=\"_ _6\"></span>prima </span>iscrizione. Successivamente <span class=\"_ _16\"></span>all\u2019iscrizione <span class=\"_ _2\"></span>iniziale, <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>debiti <span class=\"_ _1\"></span>e l<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 sono <span class=\"_ _16\"></span>valutati <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>relazione <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>oro <span class=\"_ _1\"></span>clas<span class=\"_ _3\"></span><span class=\"ff21\">sificazione<span class=\"_ _2\"></span> </span>all\u2019interno di una delle cate<span class=\"_ _2\"></span>gorie, definite dall\u2019 IFR<span class=\"_ _2\"></span>S 9. In particolare, il <span class=\"ff21\">Grup<span class=\"_ _1\"></span>po <span class=\"_ _16\"></span><span class=\"ls7\">ha<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>classi<span class=\"_ _2\"></span>fic<span class=\"_ _1\"></span>ato <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>pro<span class=\"_ _2\"></span>pri<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>debiti<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>e </span></span></span>le<span class=\"ls0\"> <span class=\"_ _0\"></span>altre<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>pass<span class=\"_ _2\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _0\"></span>nella<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>cate<span class=\"_ _2\"></span>go<span class=\"_ _1\"></span>ria <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>cos<span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>amm<span class=\"_ _2\"></span>or<span class=\"_ _1\"></span>tizza<span class=\"_ _1\"></span>to, <span class=\"_ _1\"></span>ad <span class=\"_ _1\"></span>eccezione <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>strumenti <span class=\"_ _1\"></span>derivati <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span>si rinv<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>a </span>al paragrafo specifico, applicando un tasso che rende nulla la somma dei <span class=\"_ _3\"></span>valori attuali dei flussi di cassa netti generati <span class=\"_ _1\"></span>dallo s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>rumento <span class=\"_ _1\"></span>finanziario. <span class=\"_ _1\"></span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>di st<span class=\"_ _2\"></span>rumenti <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>scadenza <span class=\"_ _1\"></span>entro <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>dodici <span class=\"_ _2\"></span>mesi <span class=\"_ _1\"></span>\u00e8 adott<span class=\"_ _2\"></span>ato <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>valore nominale come app<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ossimazione del cos<span class=\"_ _2\"></span>to ammortizz<span class=\"_ _2\"></span>ato. Qualora <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>contratti <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>finanziamento <span class=\"_ _16\"></span>prevedano <span class=\"_ _16\"></span>dei <span class=\"_ _16\"></span><span class=\"ff26\">covenants <span class=\"_ _16\"></span><span class=\"ff21\">e <span class=\"_ _1\"></span><span class=\"ls4a\">si<span class=\"ls0\"> <span class=\"_ _1\"></span>verifichi <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>mancato <span class=\"_ _16\"></span>rispetto degli <span class=\"_ _1\"></span>stessi, <span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>tale </span></span></span></span></span></span></span></span>situazione <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>venga <span class=\"_ _1\"></span>sanata <span class=\"_ _1\"></span>prima d<span class=\"_ _2\"></span>ella <span class=\"_ _1\"></span>chiusura <span class=\"_ _1\"></span><span class=\"ff24\">dell\u2019esercizio,<span class=\"ff21\"> <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>quota <span class=\"_ _1\"></span>a lungo termine d<span class=\"_ _2\"></span>i tale finanziament<span class=\"_ _2\"></span>o </span></span></span></span>viene classific<span class=\"_ _2\"></span>ata come deb<span class=\"_ _2\"></span>ito corrente. I <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span>denominati <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>valuta <span class=\"_ _6\"></span>estera <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>allineat<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>esercizio <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>utili <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>derivanti dall\u2019adeguamento <span class=\"_ _2\"></span>sono imp<span class=\"_ _2\"></span>utati a conto econo<span class=\"_ _2\"></span>mico. 23. Pa<span class=\"_ _2\"></span>ssi<span class=\"_ _2\"></span>vit<span class=\"_ _2\"></span>\u00e0 p<span class=\"_ _2\"></span>er c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>tti d<span class=\"_ _2\"></span>i l<span class=\"_ _2\"></span>oc<span class=\"_ _2\"></span>azi<span class=\"_ _2\"></span>one Rappresentano <span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>attuale <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>pagamenti <span class=\"_ _3\"></span>dovuti per<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls6\">il</span> <span class=\"_ _3\"></span>leasing (aventi <span class=\"_ _6\"></span>dura<span class=\"_ _2\"></span>ta <span class=\"_ _3\"></span>superiore <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>dodici <span class=\"_ _3\"></span>mesi <span class=\"_ _6\"></span>ed<span class=\"_ _2\"></span> un importo non d<span class=\"_ _2\"></span>i modesto valo<span class=\"_ _2\"></span>re), valutati a<span class=\"_ _2\"></span>lla data di deco<span class=\"_ _2\"></span>rrenza del con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ratto e non anc<span class=\"_ _2\"></span>ora versati al<span class=\"_ _2\"></span>la data di bilancio. 24. St<span class=\"_ _1\"></span>rument<span class=\"_ _1\"></span>i fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iari d<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>iv<span class=\"_ _2\"></span>ati I <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>classifica<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>categoria <span class=\"_ _3\"></span>\u201cDerivati <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>copertura\u201d <span class=\"_ _3\"></span>se <span class=\"_ _6\"></span>soddisfano <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>requisiti <span class=\"_ _6\"></span>per<span class=\"ff21\"> <span class=\"_ _3\"></span></span>l\u2019applicazione<span class=\"ff21\"> </span>del c.<span class=\"_ _2\"></span>d. <span class=\"ff26\">hed<span class=\"_ _1\"></span>ge accounting<span class=\"ff21\">, <span class=\"_ _1\"></span>altrimenti, <span class=\"_ _2\"></span>pur <span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>sendo <span class=\"_ _2\"></span>effett<span class=\"_ _2\"></span>uati con <span class=\"_ _1\"></span>intento <span class=\"_ _2\"></span><span class=\"ff24\">di gestione dell\u2019e<span class=\"_ _2\"></span>sposizione al rischio, </span></span></span>sono rilevati co<span class=\"_ _2\"></span>me \u201cDerivati non d<span class=\"_ _2\"></span>i copertura\u201d.<span class=\"ff21\"> </span>Coerentemente <span class=\"_ _15\"> </span>con <span class=\"_ _12\"> </span>quanto <span class=\"_ _15\"> </span>consentito <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>all\u2019IFRS <span class=\"_ _15\"> </span>9, <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _15\"> </span>si<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _12\"> </span>avvalso <span class=\"_ _12\"> </span>dell\u2019opzione <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>continuare <span class=\"_ _15\"> </span>ad applicare le <span class=\"_ _3\"></span>modalit\u00e0 ed <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>requisiti stabiliti <span class=\"_ _3\"></span>per l<span class=\"_ _3\"></span>\u2019<span class=\"ff26\">hedge accounting <span class=\"_ _3\"></span><span class=\"ff21\">dallo <span class=\"_ _3\"></span>IAS 39, <span class=\"_ _3\"></span>antecedentemente in <span class=\"_ _3\"></span>vigore, </span></span>e <span class=\"_\"> </span>cos\u00ec <span class=\"_\"> </span>definire <span class=\"_\"> </span>la <span class=\"_\"> </span>relazione <span class=\"_\"> </span>di <span class=\"_\"> </span>efficacia <span class=\"_\"> </span>della <span class=\"_\"> </span>copertura <span class=\"_\"> </span>relativa <span class=\"_\"> </span>allo <span class=\"_\"> </span>strumento <span class=\"_\"> </span>finanziario <span class=\"_\"> </span>derivato. <span class=\"_\"> </span>In particolare, <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>finanziari <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>contabi<span class=\"_ _2\"></span>lizzati <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>moda<span class=\"_ _2\"></span>lit\u00e0 <span class=\"_ _6\"></span>adottate <span class=\"_ _14\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>l\u2019<span class=\"_ _6\"></span><span class=\"ff26\">hedge<span class=\"_ _1\"></span> </span>accounting<span class=\"ff21\">, <span class=\"_ _14\"></span>solo <span class=\"_ _7\"></span>quando <span class=\"_ _14\"></span>la <span class=\"_ _6\"></span>relazione<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span><span class=\"ls17\">il</span> <span class=\"_ _3\"></span>derivato e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ff24\">l\u2019oggetto</span> della <span class=\"_ _3\"></span>copertura \u00e8 <span class=\"_ _3\"></span>formalmente <span class=\"_ _3\"></span>documentata e </span>l\u2019efficacia de<span class=\"_ _2\"></span>lla copertura \u00e8<span class=\"_ _2\"></span> elevata (c.d. tes<span class=\"_ _2\"></span>t di efficaci<span class=\"_ _2\"></span>a).<span class=\"ff21\"> </span>L\u2019efficacia delle operazioni di <span class=\"_ _3\"></span>copertura \u00e8 <span class=\"_ _3\"></span>documentata sia <span class=\"_ _3\"></span>all\u2019inizio dell\u2019operazione sia <span class=\"_ _3\"></span>periodicamen<span class=\"_ _2\"></span>te, <span class=\"_ _3\"></span>con cadenza trimestrale o almeno ad ogni<span class=\"_ _3\"></span> data di <span class=\"_ _3\"></span>riferimento del bilancio, ed<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _1\"></span>misurata co<span class=\"_ _2\"></span>mparando <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>variazioni </span></span>di <span class=\"_ _3\"></span><span class=\"ff26\">fair <span class=\"_ _3\"></span>value </span>dello strumento <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>copertura <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>quelle <span class=\"_ _6\"></span><span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019e<span class=\"_ _2\"></span>lem<span class=\"_ _1\"></span>ento<span class=\"ff21\"> cop<span class=\"_ _1\"></span>erto<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>(<span class=\"ff26\">dol<span class=\"_ _1\"></span>lar offse<span class=\"_ _1\"></span>t <span class=\"_ _3\"></span>metho<span class=\"_ _1\"></span>d<span class=\"ff21\">) <span class=\"_ _3\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls4e\">il</span> <span class=\"_ _3\"></span>test<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls1\">di</span> </span></span></span></span>eff<span class=\"_ _2\"></span>ica<span class=\"_ _1\"></span>cia re<span class=\"_ _1\"></span>trosp<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>o;<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls17\">la</span> me<span class=\"_ _2\"></span>tod<span class=\"_ _1\"></span>ologi<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>applicata <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls6\">lo</span> <span class=\"_ _3\"></span>svolgimento <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>test <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>efficacia <span class=\"_ _3\"></span>prospettico <span class=\"_ _3\"></span>prevede <span class=\"_ _3\"></span><span class=\"ls17\">la</span> costruzione <span class=\"_ _12\"> </span>dei <span class=\"_ _11\"> </span><span class=\"ff26\">cash <span class=\"_\"> </span>flow<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ff21\">sc<span class=\"_ _3\"></span>ontati <span class=\"_ _7\"></span>aggregata <span class=\"_ _8\"></span>per <span class=\"_ _7\"></span>anno <span class=\"_ _8\"></span>dello <span class=\"_ _8\"></span>strumento <span class=\"_ _7\"></span>coperto <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>del <span class=\"_ _8\"></span>derivato <span class=\"_ _7\"></span>designato <span class=\"_ _8\"></span>a </span></span>copertura (metodo<span class=\"_ _2\"></span> della regression<span class=\"_ _2\"></span>e). Quando <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>derivati <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>copertura <span class=\"_ _0\"></span>coprono <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>rischio <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>variazione <span class=\"_ _0\"></span>del <span class=\"_ _16\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _16\"></span><span class=\"ff21\">degli <span class=\"_ _16\"></span>strumenti <span class=\"_ _16\"></span>oggetto <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>copertura </span></span></span></span>(<span class=\"ff26\">fair value h<span class=\"_ _1\"></span>edge<span class=\"ff21 ls5\">),<span class=\"ls0\"> i der<span class=\"_ _2\"></span>ivati sono <span class=\"_ _1\"></span>rilevati <span class=\"ls4\">al</span> <span class=\"ff26\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff21\">con impu<span class=\"_ _2\"></span>tazione degli ef<span class=\"_ _2\"></span>fetti a conto econo<span class=\"_ _2\"></span>mico. </span></span></span></span></span>Quando i derivati <span class=\"_ _3\"></span>coprono i rischi di <span class=\"_ _3\"></span>variazione dei flussi <span class=\"_ _3\"></span>di cassa <span class=\"_ _3\"></span>degli strumenti oggetto <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span>copertura <span class=\"_ _14\"></span>(cash flow hedge<span class=\"ff21 ls5\">),<span class=\"ls0\"> <span class=\"ls6\">la</span> <span class=\"_ _3\"></span>parte efficace <span class=\"_ _3\"></span>delle variazioni del </span></span>f<span class=\"_ _3\"></span>air value <span class=\"ff21\">dei <span class=\"_ _3\"></span>derivati <span class=\"_ _1\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>rilevata <span class=\"_ _14\"></span><span class=\"ls6\">tra</span> <span class=\"_ _14\"></span><span class=\"ls6\">le</span> <span class=\"_ _14\"></span>componenti <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>conto </span>economico <span class=\"_\"> </span>complessivo <span class=\"_\"> </span>e <span class=\"_\"> </span>presentata <span class=\"_\"> </span>nella <span class=\"_\"> </span>riserva <span class=\"_ _6\"></span>di <span class=\"_\"> </span>copertur<span class=\"_ _2\"></span>a <span class=\"_\"> </span>dei <span class=\"_ _12\"> </span>f<span class=\"_ _3\"></span>lussi <span class=\"_ _11\"> </span>finanziari. <span class=\"_\"> </span><span class=\"ls9\">La</span> <span class=\"_ _11\"> </span>parte <span class=\"_\"> </span>inef<span class=\"_ _2\"></span>ficace delle <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span></span>dell<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>strumento <span class=\"_ _16\"></span>finanziario <span class=\"_ _1\"></span>derivato <span class=\"_ _16\"></span>viene <span class=\"_ _1\"></span>rilevata <span class=\"_ _1\"></span>immediatamente <span class=\"_ _16\"></span>nel <span class=\"_ _1\"></span>risultato d\u2019esercizio. <span class=\"_ _16\"></span>Qualora <span class=\"_ _16\"></span>lo <span class=\"_ _1\"></span><span class=\"ff21\">strumento <span class=\"_ _1\"></span>derivato <span class=\"_ _16\"></span>sia <span class=\"_ _1\"></span>ceduto <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>qualifichi <span class=\"_ _16\"></span>pi\u00f9 <span class=\"_ _1\"></span>come <span class=\"_ _16\"></span>efficace <span class=\"_ _1\"></span>copertura <span class=\"_ _14\"></span>dal <span class=\"_ _1\"></span>rischio </span>a <span class=\"_ _12\"> </span>fronte <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>quale <span class=\"_ _12\"> </span>l\u2019operazione <span class=\"_ _12\"> </span>era <span class=\"_ _15\"> </span>st<span class=\"_ _3\"></span>ata <span class=\"_ _12\"> </span>accesa, <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>verificarsi <span class=\"_ _12\"> </span>della <span class=\"_ _12\"> </span>operazione <span class=\"_ _15\"> </span>sottostante <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>sia <span class=\"_ _12\"> </span>pi\u00f9 considerata <span class=\"_ _3\"></span>altamente <span class=\"_ _6\"></span>probabile, <span class=\"_ _6\"></span>la <span class=\"_ _3\"></span>quota <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>riserva <span class=\"_ _3\"></span>da <span class=\"_ _14\"></span><span class=\"ff26\">cash <span class=\"_ _6\"></span>flow <span class=\"_ _6\"></span>hedge <span class=\"_ _6\"></span></span>a <span class=\"_ _6\"></span>esso <span class=\"_ _3\"></span>relativa <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>immediatamente riversata a conto <span class=\"_ _2\"></span>economic<span class=\"_ _2\"></span>o. Indipendentemente <span class=\"_ _14\"></span>dal <span class=\"_ _14\"></span>tipo <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>classificazione <span class=\"_ _14\"></span>gli <span class=\"_ _14\"></span>strumenti <span class=\"_ _14\"></span>derivati <span class=\"_ _14\"></span>sono <span class=\"_ _7\"></span>valutati <span class=\"_ _14\"></span>al <span class=\"_ _8\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value</span>, <span class=\"_ _14\"></span>determinato<span class=\"_ _1\"></span> mediante <span class=\"_ _15\"></span>tecniche <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>valutazione <span class=\"_ _15\"> </span>basate <span class=\"_ _15\"> </span>su <span class=\"_ _15\"> </span>dati <span class=\"_ _15\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>mercato, <span class=\"_ _15\"> </span>quali, <span class=\"_ _15\"> </span>fra <span class=\"_ _15\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>altre, <span class=\"_ _7\"></span><span class=\"ls6\">il</span> <span class=\"_ _14\"></span><span class=\"ff26\">discounted <span class=\"_ _14\"></span>cash <span class=\"_ _14\"></span>flow</span>, <span class=\"_ _14\"></span><span class=\"ls17\">la</span> metodologia <span class=\"_ _16\"></span>dei <span class=\"_ _1\"></span>tassi <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>cambio <span class=\"_ _16\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>orward<span class=\"ff21\">, <span class=\"_ _16\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _16\"></span>formula <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>Black- Scholes e sue ev<span class=\"_ _2\"></span>oluzioni). </span></span></span></span></span></span></span></span>In<span class=\"ls0\"> <span class=\"_ _14\"></span>par<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>ola<span class=\"_ _2\"></span>re,<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>tale <span class=\"_ _6\"></span>val<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>de<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>min<span class=\"_ _1\"></span>ato <span class=\"_ _6\"></span>avva<span class=\"_ _2\"></span>len<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span> <span class=\"_ _14\"></span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span>appo<span class=\"_ _2\"></span>sit<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>stru<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _14\"></span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span><span class=\"ff26\">pric<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g <span class=\"_ _6\"></span><span class=\"ff21\">alime<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>ati <span class=\"_ _14\"></span>sulla <span class=\"_ _14\"></span>base <span class=\"_ _14\"></span>dei </span></span></span>parametri <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>mercato <span class=\"_ _3\"></span>(i.e. <span class=\"_ _6\"></span>tassi <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>interesse, <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>cambio <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>volatilit\u00e0), <span class=\"_ _3\"></span>rilevati <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>singole <span class=\"_ _6\"></span>date <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>e confrontati con quan<span class=\"_ _2\"></span>to comunicato d<span class=\"_ _2\"></span>alle contropart<span class=\"_ _2\"></span>i. 26. C<span class=\"_ _1\"></span>onve<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span>ione<span class=\"_ _1\"></span> delle<span class=\"_ _1\"></span> post<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ta Le <span class=\"_ _1\"></span>transazioni <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _1\"></span>valuta <span class=\"_ _16\"></span>estera <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>rilevate <span class=\"_ _16\"></span>inizialmente <span class=\"_ _16\"></span>al <span class=\"_ _2\"></span>tasso <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>cambio <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>essere <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>transazione. Le <span class=\"_ _1\"></span>attivit\u00e0 e <span class=\"_ _16\"></span>passivit\u00e0 m<span class=\"_ _2\"></span>onetarie, <span class=\"_ _1\"></span>denominate <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>valuta <span class=\"_ _2\"></span>estera, <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>riconvertite <span class=\"_ _2\"></span>al <span class=\"_ _1\"></span>tasso <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>cambio <span class=\"_ _1\"></span>in esse<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>alla data di chiusura de<span class=\"_ _2\"></span>l bilancio. Le<span class=\"ls0\"> <span class=\"_ _14\"></span>poste <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>monetarie <span class=\"_ _14\"></span>valuta<span class=\"ls6\">te</span> <span class=\"_ _6\"></span><span class=\"ls4\">al</span> <span class=\"_ _14\"></span>costo <span class=\"_ _14\"></span>storico <span class=\"_ _14\"></span><span class=\"ls6\">in</span> <span class=\"_ _14\"></span>valu<span class=\"_ _2\"></span>ta <span class=\"_ _14\"></span>estera <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>convertite <span class=\"_ _14\"></span>usando <span class=\"_ _2\"></span>i tassi d<span class=\"_ _2\"></span>i cambio i<span class=\"_ _2\"></span>n </span>vigore <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>iniziale <span class=\"_ _16\"></span>rilevazione <span class=\"_ _1\"></span>della <span class=\"_ _16\"></span>t<span class=\"_ _3\"></span>ransazione.<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>Le <span class=\"_ _1\"></span>poste <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>monetarie <span class=\"_ _1\"></span>iscritte <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>equo <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>valuta estera sono conve<span class=\"_ _2\"></span>rtite usando il<span class=\"_ _2\"></span> tasso di cambio <span class=\"_ _2\"></span>alla data di determ<span class=\"_ _2\"></span>inazione di tale <span class=\"_ _2\"></span>valore. Qualora <span class=\"_ _1\"></span>sia sta<span class=\"_ _2\"></span>ta <span class=\"_ _1\"></span>istituita un<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>designata relaz<span class=\"_ _2\"></span>ione <span class=\"_ _1\"></span>di copertu<span class=\"_ _2\"></span>ra <span class=\"_ _2\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">tra uno <span class=\"_ _1\"></span>strumento <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>copertura <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>un </span></span></span></span>elemento <span class=\"_ _11\"> </span>coperto <span class=\"_\"> </span>in <span class=\"_ _11\"> </span>valuta, <span class=\"_\"> </span>si <span class=\"_ _11\"> </span>applica <span class=\"_\"> </span>il <span class=\"_ _11\"> </span>trattamento <span class=\"_\"> </span>per<span class=\"_ _2\"></span> <span class=\"_\"> </span>gli <span class=\"_ _11\"> </span>strumenti <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_\"> </span>co<span class=\"_ _2\"></span>pertura <span class=\"_\"> </span>in<span class=\"_ _2\"></span>dicato <span class=\"_ _11\"> </span>nella <span class=\"_ _10\"> </span>voce \u201cStrumenti finan<span class=\"_ _2\"></span>ziari derivati\u201d.<span class=\"ff21\"> </span>I <span class=\"_ _0\"></span>bila<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>con<span class=\"_ _1\"></span>trol<span class=\"_ _2\"></span>lat<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>est<span class=\"_ _1\"></span>ere <span class=\"_ _16\"></span>esp<span class=\"_ _1\"></span>ress<span class=\"_ _2\"></span>i <span class=\"_ _0\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>valu<span class=\"_ _1\"></span>ta <span class=\"_ _16\"></span>div<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>sa <span class=\"_ _0\"></span><span class=\"ff24\">da<span class=\"_ _2\"></span>ll\u2019e<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ro,<span class=\"_ _1\"></span><span class=\"ff21\"> <span class=\"_ _16\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>sede <span class=\"_ _0\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _16\"></span>con<span class=\"_ _2\"></span>so<span class=\"_ _1\"></span>lidam<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to,<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>vengono <span class=\"_ _16\"></span>convertiti </span></span></span></span></span></span></span></span>adottando per <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>dati patrimoniali <span class=\"_ _3\"></span><span class=\"ls6\">il</span> cambio <span class=\"_ _3\"></span>puntuale a <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>esercizio e <span class=\"_ _3\"></span>per <span class=\"_ _14\"></span>le <span class=\"_ _6\"></span>componenti <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>reddito <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>conto economico <span class=\"_ _8\"> </span>il <span class=\"_ _15\"> </span>cambio <span class=\"_ _7\"> </span>m<span class=\"_ _3\"></span>edio <span class=\"_ _8\"> </span>dell\u2019esercizio. <span class=\"_ _8\"> </span>Le <span class=\"_ _8\"> </span>differenze <span class=\"_ _15\"> </span>cambio<span class=\"ff21\"> <span class=\"_ _8\"></span>risultanti <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>iscritte <span class=\"_ _7\"></span><span class=\"ls17\">in<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>una <span class=\"_ _8\"></span>riserva </span>separata <span class=\"_ _2\"></span>di pa<span class=\"_ _2\"></span>trimonio <span class=\"_ _1\"></span>denominata Rise<span class=\"_ _2\"></span>rva di Conversi<span class=\"_ _2\"></span>one. 14. I<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>tiva<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>ttor<span class=\"_ _1\"></span>e P<span class=\"_ _2\"></span>er<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>a <span class=\"_ _16\"></span>mig<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>mp<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e <span class=\"_ _16\"></span>de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>eco<span class=\"_ _1\"></span>no<span class=\"_ _2\"></span>mi<span class=\"_ _1\"></span>co <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _16\"></span>pos<span class=\"_ _1\"></span>si<span class=\"_ _2\"></span>bi<span class=\"_ _1\"></span>le<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>co<span class=\"_ _2\"></span><span class=\"ff21\">nc<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ra<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019analisi<span class=\"ff21\"> <span class=\"_ _16\"></span>sui<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>risultati </span></span></span>conseguiti <span class=\"ff24\">nell\u2019ese<span class=\"_ _2\"></span>rcizio<span class=\"ff21\"> a live<span class=\"_ _2\"></span>llo dei singoli pri<span class=\"_ _2\"></span>ncipali settori <span class=\"ls7\">di</span> attivit\u00e0, che sono stati identifica<span class=\"_ _2\"></span>ti, in accordo </span></span>con quanto <span class=\"_ _3\"></span>previsto <span class=\"_ _3\"></span>dall\u2019IFRS 8 <span class=\"_ _3\"></span><span class=\"ff21\">- <span class=\"_ _3\"></span><span class=\"ff26\">Segmenti<span class=\"_ _3\"></span> operativi</span>, <span class=\"_ _3\"></span>sulla base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>reportistica interna <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>regolarmente<span class=\"_ _2\"></span> </span>rivista dal man<span class=\"_ _2\"></span>agement. 40<span class=\"ls0\">.<span class=\"fc0\"> R<span class=\"_ _1\"></span>apport<span class=\"_ _1\"></span>i con<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>rti co<span class=\"_ _1\"></span>rrela<span class=\"_ _1\"></span>te </span></span>In <span class=\"_ _2\"></span>adempimento <span class=\"_ _1\"></span>a qua<span class=\"_ _2\"></span>nto <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ichiesto <span class=\"_ _1\"></span>con comun<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>cazione <span class=\"_ _1\"></span>Consob ai <span class=\"_ _1\"></span>sensi <span class=\"_ _2\"></span>dell\u2019artico<span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span>114, <span class=\"_ _1\"></span>comma<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _16\"></span>5, <span class=\"_ _0\"></span>del <span class=\"_ _16\"></span><span class=\"ls16\">D.<span class=\"ls0\"> <span class=\"_ _16\"></span>Lgs. </span></span></span>n.58/98, protocollo <span class=\"_ _3\"></span>numero 13046378 <span class=\"_ _6\"></span>del 27 m<span class=\"_ _3\"></span>aggio <span class=\"_ _3\"></span>2013, <span class=\"ls34\">si</span> <span class=\"_ _3\"></span>riportano <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>questa <span class=\"_ _7\"></span>nota <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>rapporti <span class=\"_ _8\"></span>verso <span class=\"_ _14\"></span>parti correlate del Gruppo<span class=\"_ _2\"></span>. Le<span class=\"ls0\"> proc<span class=\"_ _2\"></span>edure <span class=\"_ _2\"></span>adottate <span class=\"_ _1\"></span>dal Gruppo <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> ope<span class=\"_ _2\"></span>razioni <span class=\"_ _2\"></span>con <span class=\"_ _1\"></span>par<span class=\"_ _3\"></span>ti co<span class=\"_ _2\"></span>rrelate, <span class=\"_ _1\"></span><span class=\"ls4\">ai<span class=\"ls0\"> fini <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> assicura<span class=\"_ _2\"></span>rne la trasparenza e la </span></span></span></span></span></span></span>correttezza <span class=\"_ _3\"></span>sostanziale <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>procedurale, <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>inf<span class=\"_ _3\"></span>ormativa <span class=\"_ _6\"></span><span class=\"ff24\">nella <span class=\"_ _3\"></span>\u201cRelazione</span> <span class=\"_ _3\"></span>sul Governo <span class=\"_ _3\"></span>Societario e gli <span class=\"_ _7\"></span>Assetti <span class=\"_ _7\"></span><span class=\"ff24\">Proprietari\u201d</span> <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>consultabili <span class=\"_ _7\"></span>sul <span class=\"_ _7\"></span>sito <span class=\"_ _7\"></span>della <span class=\"_ _15\"></span>societ\u00e0 <span class=\"_ _8\"></span>nella <span class=\"_ _15\"></span>sezione Corporate Governan<span class=\"_ _2\"></span>ce<span class=\"ff21\">. </span>Le <span class=\"_ _1\"></span>operazioni <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>parti <span class=\"_ _1\"></span>correlate <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>maggiore <span class=\"_ _1\"></span>rilevanza <span class=\"_ _16\"></span>sono <span class=\"_ _2\"></span>riservate <span class=\"_ _1\"></span>alla <span class=\"_ _16\"></span>competenza <span class=\"_ _1\"></span>esclusiva <span class=\"_ _7\"></span>del <span class=\"_ _8\"></span>Consigl<span class=\"_ _2\"></span>io di <span class=\"_ _11\"> </span>Amministrazione <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>non <span class=\"_ _11\"> </span>possono <span class=\"_ _11\"> </span>formare <span class=\"_\"> </span>ogg<span class=\"_ _1\"></span>etto <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_ _11\"> </span>delega. <span class=\"_ _3\"></span>Tali operazioni, cos\u00ec <span class=\"_ _3\"></span>come anche <span class=\"_ _3\"></span>talune <span class=\"_ _3\"></span>di quelle <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>minore <span class=\"_ _8\"></span>r<span class=\"_ _3\"></span>ilevanza,<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>sono <span class=\"_ _15\"></span>sottoposte <span class=\"_ _7\"></span>al <span class=\"_ _15\"> </span>preventivo <span class=\"_ _8\"></span>parere <span class=\"_ _8\"></span>del <span class=\"_ _8\"></span>Comitato <span class=\"_ _8\"></span>per <span class=\"_ _8\"></span>le <span class=\"_ _15\"> </span>operazioni <span class=\"_ _8\"></span>con <span class=\"_ _8\"></span>parti correlate ivi previ<span class=\"_ _2\"></span>sto. Sono state identif<span class=\"_ _2\"></span>icate come par<span class=\"_ _2\"></span>ti cor<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>lat<span class=\"_ _2\"></span>e:<span class=\"_ _1\"></span> <span class=\"ff21 fs2 fc0 ls6\">le<span class=\"ls0\"> <span class=\"_ _14\"></span>entit\u00e0 <span class=\"_ _6\"></span>controllanti <span class=\"_ _6\"></span>dirette <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>indirette <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>Cairo <span class=\"_ _14\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _14\"></span>S.p.A., <span class=\"_ _6\"></span><span class=\"ls6\">le</span> <span class=\"_ _6\"></span>loro <span class=\"_ _14\"></span>controllat<span class=\"_ _2\"></span>e, <span class=\"_ _14\"></span>le <span class=\"_ _7\"></span>collegate <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>le </span></span>consociate <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>Gruppo, <span class=\"_ _3\"></span>cos\u00ec <span class=\"_ _6\"></span>come <span class=\"_ _3\"></span>riportato <span class=\"_ _6\"></span>nell\u2019elen<span class=\"_ _2\"></span>co <span class=\"_ _6\"></span>allegato <span class=\"_ _3\"></span>alla <span class=\"_ _6\"></span>presen<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>Relazione <span class=\"_ _3\"></span>Finanziaria <span class=\"_ _3\"></span>Annuale (\u201cElenco <span class=\"_\"> </span>partec<span class=\"ff21\">ipazioni <span class=\"_\"> </span>di <span class=\"_ _10\"> </span>Gruppo <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>31 <span class=\"_ _10\"> </span>dicembre <span class=\"_\"> </span>2022</span>\u201d). <span class=\"_ _10\"> </span>La <span class=\"_ _10\"> </span>controllante <span class=\"_\"> </span>ultima <span class=\"_\"> </span>del<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>Gruppo <span class=\"_\"> </span>\u00e8 <span class=\"_ _10\"> </span>U.T. Communication<span class=\"_ _2\"></span>s S.p.A.; I livelli sono dis<span class=\"_ _2\"></span>tinti in: <span class=\"ff21 fs2 fc0\">Livello 1: Pr<span class=\"_ _2\"></span>ezzi quotati (n<span class=\"_ _2\"></span>on rettificati) su<span class=\"_ _2\"></span>i mercati att<span class=\"_ _2\"></span>ivi per attivit\u00e0<span class=\"_ _2\"></span> o passiv<span class=\"_ _2\"></span>it\u00e0 ide<span class=\"_ _1\"></span>ntiche<span class=\"_ _1\"></span>; </span><span class=\"ff21 fs2 fc0\">Livello 2: Dati <span class=\"_ _3\"></span><span class=\"ls7\">di</span> input <span class=\"_ _3\"></span>diversi dai prezzi quotati (di cui <span class=\"ls3\">al</span> livello 1) osservabili per <span class=\"ff24\">l\u2019attivit\u00e0 o la passivit\u00e0 sia </span></span>direttamente (co<span class=\"_ _2\"></span>me nel caso dei p<span class=\"_ _2\"></span>rezzi) sia ind<span class=\"_ _2\"></span>irettamente <span class=\"_ _2\"></span>(cio\u00e8 in quanto d<span class=\"_ _2\"></span>erivati dai prez<span class=\"_ _2\"></span>zi); Livello 3: Dati di input r<span class=\"_ _2\"></span>elativi all\u2019attivi<span class=\"_ _2\"></span>t\u00e0 o alla passiv<span class=\"_ _2\"></span>it\u00e0 non basat<span class=\"_ _2\"></span>i su dati di mer<span class=\"_ _2\"></span>cato <span class=\"_ _3\"></span>os<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vab<span class=\"_ _1\"></span>ili.<span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-81-3": {
   "value": "Il rendiconto finanziario consolidato \u00e8 stato predisposto applicando il metodo indiretto per<span class=\"_ _3\"></span> mezzo del quale <span class=\"ls17\">il</span> risultato ope<span class=\"_ _2\"></span>rativo \u00e8 <span class=\"_ _2\"></span>rettificato dag<span class=\"_ _2\"></span>li effe<span class=\"_ _2\"></span>tti delle op<span class=\"_ _1\"></span>erazioni di natu<span class=\"_ _2\"></span>ra non monetar<span class=\"_ _2\"></span>ia, da qualsiasi differim<span class=\"_ _2\"></span>ento o accantonamento di precedenti o futuri i<span class=\"_ _3\"></span>ncassi o pagamenti operativi e <span class=\"_ _3\"></span>da elementi di ricavi o <span class=\"_ _3\"></span>costi connessi con <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi <span class=\"_ _14\"></span>finanziari <span class=\"_ _7\"></span>derivanti <span class=\"_ _14\"></span>dall\u2019attivit\u00e0 <span class=\"_ _7\"> </span>d\u2019investimento <span class=\"_ _14\"></span>o <span class=\"_ _7\"> </span>finanziaria. <span class=\"_ _14\"></span>I <span class=\"_ _7\"> </span>proventi <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _14\"></span>oneri <span class=\"_ _7\"></span>relativi <span class=\"_ _14\"></span>alle operazioni <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>finan<span class=\"_ _1\"></span>ziam<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>a <span class=\"_ _7\"></span>med<span class=\"_ _2\"></span>io/<span class=\"_ _2\"></span>lun<span class=\"_ _2\"></span>go<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>ter<span class=\"_ _1\"></span>mine<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls49\">ed</span> <span class=\"_ _8\"></span><span class=\"ls3\">ai</span> <span class=\"_ _7\"></span>relat<span class=\"_ _1\"></span>ivi <span class=\"_ _7\"></span>st<span class=\"_ _2\"></span>rum<span class=\"_ _1\"></span>enti<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls7\">di</span> <span class=\"_ _8\"></span>co<span class=\"_ _1\"></span>pertu<span class=\"_ _2\"></span>ra, <span class=\"_ _14\"></span>non<span class=\"_ _1\"></span>ch\u00e9 <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>div<span class=\"_ _1\"></span>idend<span class=\"_ _1\"></span>i corrisposti <span class=\"_ _8\"> </span>sono <span class=\"_ _15\"> </span>inclusi <span class=\"_ _15\"> </span>nell\u2019attivit\u00e0 <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>finanziamento<span class=\"_ _2\"></span>. <span class=\"_ _15\"> </span>I <span class=\"_ _15\"> </span>paga<span class=\"_ _3\"></span>menti <span class=\"_ _8\"></span>r<span class=\"_ _3\"></span>elativi <span class=\"_ _15\"> </span>alle <span class=\"_ _8\"></span>passivit\u00e0 <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>leasing <span class=\"_ _15\"> </span>sono compresi nei <span class=\"_ _2\"></span>flussi della ge<span class=\"_ _2\"></span>stione finanziaria. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-98-2": {
   "value": "3. A<span class=\"_ _1\"></span>rea <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>nso<span class=\"_ _2\"></span>lid<span class=\"_ _2\"></span>ame<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>to Nel corso del 2022 <span class=\"_ _2\"></span>il perimetro di <span class=\"_ _2\"></span>consolidato ha sub<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>to le seguenti m<span class=\"_ _2\"></span>odifiche:  la <span class=\"_\"> </span>societ<span class=\"_ _2\"></span>\u00e0 <span class=\"_\"> </span>con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>rollata <span class=\"_ _11\"> </span>Cairo <span class=\"_ _11\"> </span>Pubblicit\u00e0 <span class=\"_\"> </span>S.p.A<span class=\"_ _2\"></span>., <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>precede<span class=\"_ _2\"></span>nza <span class=\"_ _11\"> </span>consolidata <span class=\"_ _11\"> </span>integralmente, <span class=\"_\"> </span>\u00e8 <span class=\"_ _12\"> </span>stata <span class=\"_\"> </span>fu<span class=\"_ _2\"></span>sa <span class=\"_\"> </span>p<span class=\"_ _1\"></span>er incorporazione in Ca<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ro Comm<span class=\"_ _2\"></span>unication S.p.A.,<span class=\"_ _2\"></span> <span class=\"ff21 fs2 fc0\">sono state costituite e cons<span class=\"_ _2\"></span>olidate in<span class=\"_ _2\"></span>tegralmente le segu<span class=\"_ _2\"></span>enti societ\u00e0 </span>\u2212<span class=\"ff29\"> <span class=\"_ _1c6\"> </span><span class=\"ff21\">Unidad Editorial<span class=\"_ _2\"></span> Sports&amp;Events<span class=\"_ _2\"></span> S.L.U. </span></span>\u2212<span class=\"ff29\"> <span class=\"_ _1c6\"> </span><span class=\"ff21\">Ecomozione 5D S.L.<span class=\"_ _1\"></span> </span></span>\u2212<span class=\"ff29\"> <span class=\"_ _1c6\"> </span><span class=\"ff21\">Emoxione S.r.l.<span class=\"_ _2\"></span> </span></span><span class=\"ff21 fs2 fc0\">sono <span class=\"_ _14\"></span>state <span class=\"_ _14\"></span>inoltre <span class=\"_ _14\"></span>fuse <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>incorporazione <span class=\"_ _14\"></span>la <span class=\"_ _14\"></span>societ\u00e0 <span class=\"_ _14\"></span>Logintegral <span class=\"_ _14\"></span>2000 <span class=\"_ _6\"></span>S.A.U. <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>Unidad <span class=\"_ _14\"></span>Editorial<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>S.A. <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>la </span>societ\u00e0 <span class=\"_ _1\"></span>RCS <span class=\"_ _1\"></span>Edizioni <span class=\"_ _1\"></span>Locali <span class=\"_ _2\"></span>S.r.l. <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>RCS <span class=\"_ _2\"></span>MediaGroup<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>S.p.A. <span class=\"_ _1\"></span>Entrambe que<span class=\"_ _1\"></span>st<span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>erano <span class=\"_ _1\"></span>precedentemente consolidate integ<span class=\"_ _2\"></span>ralmente. 5. P<span class=\"_ _1\"></span>rinc<span class=\"_ _2\"></span>ipi<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>ons<span class=\"_ _1\"></span>olidame<span class=\"_ _1\"></span>nto I <span class=\"_ _1\"></span>risultati eco<span class=\"_ _1\"></span>nomici de<span class=\"_ _2\"></span>lle <span class=\"_ _1\"></span>imprese <span class=\"_ _2\"></span>controllate <span class=\"_ _1\"></span>acquisite <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>cedute n<span class=\"_ _2\"></span>el <span class=\"_ _1\"></span>corso <span class=\"ff24\">de<span class=\"_ _1\"></span>ll\u2019esercizio<span class=\"ff21\"> so<span class=\"_ _2\"></span>no <span class=\"_ _3\"></span>inclusi <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>conto </span></span>economico <span class=\"_ _16\"></span>consolidato <span class=\"_ _1\"></span>dalla <span class=\"_ _16\"></span>data <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>ottiene <span class=\"_ _1\"></span>il <span class=\"_ _16\"></span>controllo <span class=\"_ _1\"></span>fino <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _16\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _16\"></span>il <span class=\"_ _2\"></span>Gruppo<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>esercita pi\u00f9 il controllo <span class=\"_ _2\"></span>sulle societ\u00e0<span class=\"_ _2\"></span>. Le<span class=\"ls0\"> <span class=\"_ _7\"></span>imprese <span class=\"_ _7\"></span>sulle <span class=\"_ _7\"></span>quali <span class=\"_ _7\"></span><span class=\"ls34\">si</span> <span class=\"_ _7\"></span>esercita <span class=\"_ _7\"></span><span class=\"ls7\">un</span> <span class=\"_ _8\"></span>controllo <span class=\"_ _14\"></span>congiunto <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>altri <span class=\"_ _7\"></span>soci, <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span><span class=\"ls17\">le<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>collegate <span class=\"_ _7\"></span>o <span class=\"_ _8\"></span>comunque </span>sottoposte <span class=\"_ _8\"></span>ad <span class=\"_ _15\"> </span>influenza <span class=\"_ _8\"></span>notevole <span class=\"_ _8\"></span>sono <span class=\"_ _15\"> </span>state <span class=\"_ _15\"></span>consolidate <span class=\"_ _8\"></span>con <span class=\"_ _8\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>metodo <span class=\"_ _15\"></span>del <span class=\"_ _15\"></span>patrimonio <span class=\"_ _8\"></span>netto <span class=\"_ _8\"></span>ai <span class=\"_ _15\"> </span>sensi <span class=\"_ _15\"></span>delle disposizioni conte<span class=\"_ _2\"></span>nute nell\u2019<span class=\"_ _2\"></span>IFRS 11.<span class=\"ff21\"> </span>I <span class=\"_ _15\"> </span>pr<span class=\"_ _3\"></span>incipi <span class=\"_ _15\"> </span>contabili <span class=\"_ _12\"> </span>adottati <span class=\"_ _15\"> </span>sono <span class=\"_ _12\"> </span>omogenei <span class=\"_ _15\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls17\">le<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _15\"> </span>incluse <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>consolid<span class=\"_ _2\"></span>ato <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span><span class=\"ls17\">le</span> <span class=\"_ _12\"> </span>relative <span class=\"_\"> </span>situaz<span class=\"_ _2\"></span>ioni economiche pat<span class=\"_ _2\"></span>rimoniali so<span class=\"_ _2\"></span>no tutte redatte <span class=\"_ _2\"></span>al 31 dicem<span class=\"_ _2\"></span>bre 2022. Qualora <span class=\"_ _1\"></span>necessario, <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>effettuate <span class=\"_ _1\"></span>rettifiche <span class=\"_ _2\"></span><span class=\"ls3\">ai<span class=\"ls0\"> <span class=\"_ _1\"></span>bilanci <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>imprese <span class=\"_ _1\"></span>controllate <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>lineare i<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>criteri <span class=\"_ _3\"></span>contabili </span></span>utilizzati a quell<span class=\"_ _2\"></span>i adottati da<span class=\"_ _2\"></span>l Gruppo. Il <span class=\"_ _1\"></span>consolidamento <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>bilanci d<span class=\"_ _1\"></span>elle <span class=\"_ _2\"></span>imprese <span class=\"_ _1\"></span>controllate <span class=\"_ _16\"></span>\u00e8 stato<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>effettuato <span class=\"_ _1\"></span>se<span class=\"_ _3\"></span>condo <span class=\"_ _1\"></span>il <span class=\"_ _2\"></span>metodo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>consolidamento integrale, assumendo <span class=\"_ _3\"></span>l\u2019intero <span class=\"_ _3\"></span>importo <span class=\"_ _3\"></span>delle attivit\u00e0, <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>passivit\u00e0, <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>costi<span class=\"_ _3\"></span><span class=\"ff21\"> e <span class=\"_ _1\"></span>dei ricavi de<span class=\"_ _2\"></span>lle singo<span class=\"_ _2\"></span>le soc<span class=\"_ _2\"></span>iet\u00e0, </span>prescindendo <span class=\"_ _8\"></span>dalle <span class=\"_ _8\"></span>quote <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>partecipazione <span class=\"_ _8\"></span>possedute, <span class=\"_ _12\"> </span>eliminando <span class=\"_ _12\"> </span>il <span class=\"_ _11\"> </span>valore <span class=\"_ _12\"> </span>contabile <span class=\"_ _11\"> </span>delle <span class=\"_ _12\"> </span>partecipazion<span class=\"ls17\">i </span>consolidate de<span class=\"_ _2\"></span>tenute dalla Socie<span class=\"_ _2\"></span>t\u00e0 a fronte del r<span class=\"_ _2\"></span>elativo patri<span class=\"_ _2\"></span>monio netto. Ne<span class=\"_ _2\"></span>l <span class=\"_ _1\"></span><span class=\"ls3\">caso<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> e<span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>rcizi<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span><span class=\"ff24\">de<span class=\"_ _2\"></span>ll\u2019o<span class=\"_ _1\"></span>pzio<span class=\"_ _2\"></span>ne<span class=\"ff21\"> <span class=\"_ _16\"></span>del <span class=\"_ _16\"></span><span class=\"ff24\">\u201c<span class=\"ff26\">ful<span class=\"_ _2\"></span>l <span class=\"_ _1\"></span>good<span class=\"_ _1\"></span>will<span class=\"_ _2\"></span><span class=\"ff24 ls3\">\u201d,<span class=\"ff21 ls0\"> <span class=\"_ _1\"></span>olt<span class=\"_ _2\"></span>re <span class=\"_ _1\"></span><span class=\"ls49\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>ric<span class=\"_ _2\"></span>ono<span class=\"_ _1\"></span>scime<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>l 1<span class=\"_ _2\"></span>00<span class=\"_ _1\"></span>% d<span class=\"_ _1\"></span>ei <span class=\"_ _1\"></span>fair<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>value <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _16\"></span>e </span></span></span></span></span></span></span></span></span></span></span></span></span></span>passivit\u00e0 acquisite, <span class=\"ls4\">ai</span> <span class=\"_ _3\"></span>sensi <span class=\"ff24\">dell\u2019<span class=\"ff26\">IFRS 3 - <span class=\"_ _3\"></span>Business Combinations</span></span>, <span class=\"ls34\">si</span> <span class=\"ff24\">pr<span class=\"_ _3\"></span>ocede <span class=\"_ _6\"></span>all\u2019iscrizione <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span><span class=\"ff26\">goodwill <span class=\"_ _6\"></span></span></span>delle minoranze. <span class=\"_ _3\"></span>Conseguentemente, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>odifiche <span class=\"_ _3\"></span>nella <span class=\"_ _6\"></span>quota <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>interessenz<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>costituiscono una <span class=\"_ _3\"></span>perdita <span class=\"ls7\">di</span> controllo <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span><span class=\"ls34\">si<span class=\"ls0\"> <span class=\"_ _2\"></span>riferiscono <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>partecipate <span class=\"_ _1\"></span><span class=\"ff24\">gi\u00e0 <span class=\"_ _2\"></span>sottoposte <span class=\"_ _1\"></span>al controllo <span class=\"_ _1\"></span>sono r<span class=\"_ _2\"></span>ilevati n<span class=\"_ _1\"></span>ell\u2019am<span class=\"_ _3\"></span><span class=\"ff21\">bito <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>patrimonio n<span class=\"_ _2\"></span>etto </span></span></span></span>consolidato. Gli <span class=\"_ _3\"></span>utili e <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>perdite, purch\u00e9 non <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>scarsa rilevanza, <span class=\"_ _3\"></span>non ancora re<span class=\"_ _6\"></span>alizzati derivanti da <span class=\"_ _3\"></span>operazioni fra <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>mprese rientranti <span class=\"_ _2\"></span><span class=\"ff24\">nell\u2019are<span class=\"_ _2\"></span>a<span class=\"ff21\"> <span class=\"ls7\">di</span> <span class=\"_ _2\"></span>consolidam<span class=\"_ _2\"></span>ento sono<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>eliminati, <span class=\"_ _1\"></span>cos\u00ec come <span class=\"_ _1\"></span>tutte le partite di ammontare significativo che </span></span>danno o<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>igine a <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>e crediti, <span class=\"_ _1\"></span>costi e <span class=\"_ _1\"></span>ricavi fra <span class=\"_ _f\"> </span>le im<span class=\"_ _2\"></span>prese del <span class=\"_ _1\"></span>Gruppo. T<span class=\"_ _1\"></span>ali rettifiche, <span class=\"_ _1\"></span>come le <span class=\"_ _1\"></span>altre rettif<span class=\"_ _2\"></span>iche di consolidamento, <span class=\"_ _2\"></span>tengono conto,<span class=\"_ _2\"></span> ove applicabile, d<span class=\"_ _2\"></span>el relativo eff<span class=\"_ _2\"></span>etto fiscale d<span class=\"_ _2\"></span>ifferito. I <span class=\"_ _1\"></span>dividendi <span class=\"_ _2\"></span>distribuiti <span class=\"_ _16\"></span>da soc<span class=\"_ _2\"></span>iet\u00e0 <span class=\"_ _1\"></span>consolidate <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>elimin<span class=\"_ _2\"></span>ati <span class=\"_ _2\"></span>dal <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>sommati <span class=\"_ _1\"></span>agli <span class=\"_ _1\"></span>utili di <span class=\"_ _16\"></span>esercizi precedenti se ed in <span class=\"_ _2\"></span>quanto da es<span class=\"_ _2\"></span>si prelevati. Le <span class=\"_ _12\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>destinate <span class=\"_ _12\"> </span>alla <span class=\"_ _12\"> </span>vendita, <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls17\">le</span> <span class=\"_ _11\"> </span>quali <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _11\"> </span>altamente <span class=\"_ _15\"> </span>pr<span class=\"_ _3\"></span>obabile <span class=\"_ _15\"> </span><span class=\"ls17\">la<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>cessione <span class=\"_ _12\"> </span>entro <span class=\"_ _12\"> </span>i successivi dodici mesi, <span class=\"_ _7\"></span>qualora <span class=\"_ _14\"></span>le <span class=\"_ _7\"></span>altre <span class=\"_ _7\"></span>condizioni <span class=\"_ _14\"></span>previste <span class=\"_ _7\"></span>dall\u2019IFRS <span class=\"_ _14\"></span>5 <span class=\"_ _7\"></span>siano <span class=\"_ _14\"></span>r<span class=\"_ _3\"></span>ispettate, <span class=\"_ _14\"></span>vengono <span class=\"_ _14\"></span>cl<span class=\"_ _3\"></span>assificate <span class=\"_ _14\"></span>in <span class=\"_ _7\"> </span>accordo <span class=\"_ _14\"></span>con quanto <span class=\"_ _2\"></span>stabilito <span class=\"_ _1\"></span>da tale <span class=\"_ _1\"></span>principio e <span class=\"_ _1\"></span>pertanto un<span class=\"_ _2\"></span>a vol<span class=\"_ _2\"></span>ta c<span class=\"_ _2\"></span>onsolidate <span class=\"_ _1\"></span>integralmente, l<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>tivit\u00e0 ad <span class=\"_ _1\"></span>esse <span class=\"_ _2\"></span>riferite <span class=\"_ _1\"></span>sono classificate in un\u2019unica voce definita \u201cAttivit\u00e0 destinate alla dismissione\u201d. Le passivit\u00e0 ad esse <span class=\"_ _3\"></span>correlate sono iscritte <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>un\u2019unica <span class=\"_ _1\"></span>line<span class=\"ff21\">a <span class=\"_ _1\"></span>dello <span class=\"_ _16\"></span>stato <span class=\"_ _1\"></span>patrimoniale, <span class=\"_ _16\"></span>nella <span class=\"_ _1\"></span>sezione <span class=\"_ _16\"></span>delle <span class=\"_ _1\"></span>passivit\u00e0, <span class=\"_ _1\"></span>ed <span class=\"_ _16\"></span>il <span class=\"_ _1\"></span>relativo <span class=\"_ _1\"></span>margine <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>risultato </span>\u00e8 <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>iportato <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>conto e<span class=\"_ _2\"></span>conomico <span class=\"_ _1\"></span>nella <span class=\"_ _2\"></span>linea <span class=\"_ _1\"></span><span class=\"ff24\">\u201cRisultato<span class=\"ff21\"> <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _1\"></span>destinate <span class=\"_ _1\"></span><span class=\"ff24\">alla dismissione e <span class=\"_ _2\"></span>dismesse\u201d.<span class=\"ff21\"> </span></span></span></span>I <span class=\"_ _0\"></span>bila<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>con<span class=\"_ _1\"></span>trol<span class=\"_ _2\"></span>lat<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>est<span class=\"_ _1\"></span>ere <span class=\"_ _16\"></span>esp<span class=\"_ _1\"></span>ress<span class=\"_ _2\"></span>i <span class=\"_ _0\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>valu<span class=\"_ _1\"></span><span class=\"ls17\">ta<span class=\"ls0\"> <span class=\"_ _16\"></span>dive<span class=\"_ _1\"></span>rsa <span class=\"_ _0\"></span><span class=\"ff24\">dall<span class=\"_ _2\"></span>\u2019eu<span class=\"_ _1\"></span>ro,<span class=\"ff21\"> <span class=\"_ _0\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>sed<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _16\"></span>conso<span class=\"_ _1\"></span>lid<span class=\"_ _2\"></span>ame<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span>, <span class=\"_ _16\"></span>vengono <span class=\"_ _16\"></span>convertiti </span></span></span></span></span></span></span></span></span></span>adottando per <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>dati patrimoniali <span class=\"_ _3\"></span><span class=\"ls6\">il</span> cambio <span class=\"_ _3\"></span>puntuale a <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>esercizio e <span class=\"_ _3\"></span>per <span class=\"_ _14\"></span>le <span class=\"_ _6\"></span>componenti <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>reddito <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>conto economico <span class=\"_ _8\"> </span>il <span class=\"_ _15\"> </span>cambio <span class=\"_ _8\"> </span>medio <span class=\"_ _8\"> </span>dell\u2019esercizio. <span class=\"_ _15\"> </span>Le <span class=\"_ _8\"> </span>differenze <span class=\"_ _15\"> </span>cambio<span class=\"ff21\"> <span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>isultanti <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>iscritte <span class=\"_ _7\"></span><span class=\"ls6\">in</span> <span class=\"_ _7\"></span>una <span class=\"_ _7\"></span>riserva </span>separata <span class=\"_ _2\"></span><span class=\"ls7\">di<span class=\"ls0\"> patrimonio<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>denominata <span class=\"_ _1\"></span>Riserva di Conversi<span class=\"_ _2\"></span>one. </span></span>Le <span class=\"_ _8\"></span>modifiche <span class=\"_ _7\"></span>nella <span class=\"_ _8\"></span>quota <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>interessenz<span class=\"_ _2\"></span>a <span class=\"_ _8\"></span>che <span class=\"_ _8\"></span>non <span class=\"_ _7\"></span>costituiscono <span class=\"_ _7\"></span>una<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>perdita <span class=\"_ _8\"></span>di <span class=\"_ _7\"></span>controllo <span class=\"_ _8\"></span>o <span class=\"_ _8\"></span>si <span class=\"_ _15\"> </span>riferiscono <span class=\"_ _8\"></span>a partecipate <span class=\"_ _1\"></span>gi\u00e0 <span class=\"_ _1\"></span>sottoposte <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>controllo, <span class=\"_ _1\"></span>sono t<span class=\"_ _2\"></span>rattate <span class=\"_ _1\"></span>come <span class=\"_ _2\"></span><span class=\"ff26\">equity <span class=\"_ _16\"></span>t<span class=\"_ _3\"></span>ransaction <span class=\"_ _1\"></span><span class=\"ff21\">e <span class=\"_ _1\"></span>quindi <span class=\"_ _1\"></span>classificate <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>patrimonio </span></span>netto. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-118-2": {
   "value": "Il <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>del <span class=\"_ _2\"></span>Gruppo <span class=\"_ _1\"></span>Cairo <span class=\"_ _1\"></span>Communication <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> 31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>2022 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>redatto <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>b<span class=\"ls4\">ase</span> <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>pr<span class=\"_ _3\"></span>esupposto<span class=\"_ _2\"></span> </span></span></span></span></span></span>della continuit\u00e0 aziendale, avendo <span class=\"ls6\">il<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _3\"></span>Gruppo valutato che, pur <span class=\"ls17\">in</span> presenza <span class=\"ff24\">dell\u2019at<span class=\"_ _2\"></span>tuale<span class=\"ff21\"> contesto geopolitico <span class=\"_ _3\"></span>ed </span></span></span></span>economico, <span class=\"_ _16\"></span>non <span class=\"_ _16\"></span>sussistono <span class=\"_ _16\"></span>significative <span class=\"_ _16\"></span>incertezze <span class=\"_ _16\"></span>(come <span class=\"_ _1\"></span>definite <span class=\"_ _16\"></span>nel <span class=\"_ _16\"></span>paragrafo <span class=\"_ _16\"></span>25 <span class=\"_ _16\"></span>dello <span class=\"_ _1\"></span>IAS <span class=\"_ _0\"></span>1)<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>sulla <span class=\"_ _1\"></span>continuit\u00e0 aziendale <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>considerazione <span class=\"_ _16\"></span>sia delle <span class=\"_ _16\"></span>pr<span class=\"_ _3\"></span>ospettive <span class=\"_ _16\"></span>reddituali <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>capacit\u00e0 <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>generazione <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>cassa <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>societ\u00e0 </span></span>del <span class=\"_ _2\"></span>Gruppo, s<span class=\"_ _2\"></span>ia dell\u2019assetto <span class=\"_ _1\"></span>della s<span class=\"_ _3\"></span>ua struttura <span class=\"_ _2\"></span>patrimoniale. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-127-3": {
   "value": "Le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _14\"></span>controlla<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>direttamente <span class=\"_ _6\"></span>ed <span class=\"_ _14\"></span>indirettamen<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>indicate <span class=\"_ _14\"></span>nell\u2019a<span class=\"_ _2\"></span>llegato <span class=\"_ _6\"></span>1 <span class=\"_ _14\"></span>\u201cLe<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>imprese <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>Cairo Communication<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ff24\">\u2013</span> <span class=\"_ _3\"></span><span class=\"ff24\">Societ\u00e0 consolidate con il <span class=\"_ _3\"></span>metodo integrale\u201d sono consolidate integralmente a <span class=\"_ _3\"></span>partir<span class=\"_ _3\"></span></span>e dalla data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acquisizione, <span class=\"_ _1\"></span>ovvero <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>ne <span class=\"_ _16\"></span>acquisisce <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>controllo <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>cessano <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>essere <span class=\"_ _16\"></span>consolidate </span></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _6\"></span><span class=\"ls6\">in</span> <span class=\"_ _3\"></span>cui <span class=\"_ _6\"></span><span class=\"ls34\">se</span> <span class=\"_ _3\"></span>ne<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>perde <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>contro<span class=\"_ _2\"></span>llo. <span class=\"_ _14\"></span>Il <span class=\"_ _14\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>controllo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>una <span class=\"_ _14\"></span>societ\u00e0<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>quando <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>virt\u00f9 <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>proprio rapporto con l\u2019entit<span class=\"ff21\">\u00e0 de<span class=\"_ _2\"></span>tiene il controllo su<span class=\"_ _2\"></span>lle attivit\u00e0 rilevanti del<span class=\"_ _2\"></span>la stessa, \u00e8 esposto ai rend<span class=\"_ _2\"></span>imenti variabili, e </span>detenendo <span class=\"_ _6\"></span>diritti <span class=\"_ _6\"></span>su <span class=\"_ _6\"></span>tali <span class=\"_ _6\"></span>rendimenti, <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>contempo <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>capacit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>influenzarli <span class=\"_ _3\"></span>esercitando <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>proprio <span class=\"_ _6\"></span>potere sull\u2019entit\u00e0 stess<span class=\"_ _2\"></span>a.<span class=\"ff21\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-153-3": {
   "value": "La <span class=\"_ _11\"> </span>quota <span class=\"_\"> </span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>interessenza <span class=\"_ _11\"> </span>degli <span class=\"_ _11\"> </span>azionisti <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>minoranza <span class=\"_ _11\"> </span>nelle <span class=\"_\"> </span>a<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _11\"> </span>nette <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>controllate <span class=\"_ _11\"> </span>consolidate <span class=\"_ _11\"> </span>\u00e8 identificata <span class=\"_ _1\"></span>separatamente <span class=\"_ _1\"></span>rispetto al <span class=\"_ _1\"></span>patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _1\"></span>di Gruppo. <span class=\"_ _2\"></span>Tale <span class=\"_ _2\"></span>interessen<span class=\"_ _2\"></span>za <span class=\"_ _1\"></span>\u00e8 stata <span class=\"_ _2\"></span>determinata <span class=\"_ _1\"></span>in bas<span class=\"_ _2\"></span>e alla <span class=\"_ _7\"></span>percentuale <span class=\"_ _8\"></span>da <span class=\"_ _8\"></span>essi <span class=\"_ _7\"></span>detenuta <span class=\"_ _8\"></span>nei <span class=\"_ _8\"></span>fair <span class=\"_ _8\"></span>value <span class=\"_ _8\"></span>delle <span class=\"_ _7\"> </span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _7\"> </span>e <span class=\"_ _8\"> </span>passivit\u00e0 <span class=\"_ _8\"> </span>iscritte <span class=\"_ _7\"></span>alla <span class=\"_ _8\"> </span>data <span class=\"_ _7\"> </span>dell\u2019acquisizione originaria e nel<span class=\"_ _2\"></span>le variazioni<span class=\"_ _2\"></span> di patrimonio ne<span class=\"_ _2\"></span>tto dopo tale da<span class=\"_ _2\"></span>ta. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-176-3": {
   "value": "6. A<span class=\"_ _1\"></span>ggre<span class=\"_ _2\"></span>gaz<span class=\"_ _1\"></span>ioni d<span class=\"_ _2\"></span>i i<span class=\"_ _1\"></span>mpres<span class=\"_ _2\"></span>e e<span class=\"_ _1\"></span> avvia<span class=\"_ _1\"></span>mento Le agg<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>egazioni <span class=\"_ _1\"></span>di imp<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ese <span class=\"_ _1\"></span><span class=\"ff24\">sono contabilizza<span class=\"_ _2\"></span>te <span class=\"_ _1\"></span>secondo il <span class=\"_ _1\"></span>metodo <span class=\"_ _1\"></span>dell\u2019acquisizione <span class=\"_ _1\"></span>in base <span class=\"_ _1\"></span>al <span class=\"_ _2\"></span>quale <span class=\"_ _1\"></span>le att<span class=\"_ _2\"></span>ivit\u00e0, </span>le <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>potenziali <span class=\"_ _12\"> </span>identificabi<span class=\"_ _2\"></span>li <span class=\"_ _12\"> </span>dell\u2019impresa <span class=\"_ _15\"> </span>ac<span class=\"_ _3\"></span>quisita <span class=\"_ _15\"> </span>che<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>rispettano <span class=\"_ _15\"> </span><span class=\"ls6\">le</span> <span class=\"_ _12\"> </span>condizioni <span class=\"_ _12\"> </span>per l\u2019iscrizione<span class=\"ff21\"> <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span></span>l<span class=\"_ _3\"></span>\u2019IFRS<span class=\"ff21\"> <span class=\"_ _14\"></span>3 <span class=\"_ _14\"></span>sono<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>rilevate <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span><span class=\"ff26\">fair <span class=\"_ _14\"></span>value <span class=\"_ _6\"></span></span>alla <span class=\"_ _14\"></span>data <span class=\"_ _6\"></span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span>acquisizione<span class=\"_ _2\"></span>. <span class=\"_ _6\"></span>Vengono <span class=\"_ _3\"></span>quindi <span class=\"_ _3\"></span>stanziate </span>imposte <span class=\"_ _3\"></span>differite <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>anticipa<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>sulle <span class=\"_ _3\"></span>rettifiche <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>valore <span class=\"_ _14\"></span>apportate <span class=\"_ _14\"></span>ai <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>egressi <span class=\"_ _14\"></span>valor<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>contabili <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>allinearli <span class=\"_ _14\"></span>al valore corrente.<span class=\"_ _2\"></span> L\u2019applicazione<span class=\"ff21\"> <span class=\"_ _10\"> </span>del <span class=\"_\"> </span>metodo <span class=\"_ _10\"> </span></span>dell\u2019acquisizione <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span><span class=\"ls6\">la</span> <span class=\"_ _10\"> </span>sua <span class=\"_ _10\"> </span>stessa <span class=\"_ _10\"> </span>complessit\u00e0 <span class=\"_ _10\"> </span>prevede <span class=\"_ _10\"> </span>una <span class=\"_ _10\"> </span>prima <span class=\"_ _4\"> </span>fase <span class=\"_ _4\"> </span>di determinazione provvisor<span class=\"_ _2\"></span>ia dei val<span class=\"_ _3\"></span>ori correnti delle attivit\u00e0, passivit\u00e0 e passivit\u00e0 potenziali<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>acquisite, <span class=\"_ _15\"></span>tale <span class=\"_ _15\"></span>da consentire <span class=\"_ _12\"> </span>una <span class=\"_\"> </span>p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ima <span class=\"_ _11\"> </span>iscrizione <span class=\"_ _12\"> </span><span class=\"ff24\">dell\u2019operazione</span> <span class=\"_ _11\"> </span>nel <span class=\"_ _11\"> </span>bila<span class=\"_ _2\"></span>nc<span class=\"_ _2\"></span>io consolidato <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>chiusura <span class=\"_ _6\"></span><span class=\"ff24\">dell\u2019eser<span class=\"_ _2\"></span>cizio <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>\u00e8 </span>stata <span class=\"_ _6\"></span>effettuata <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>\u2019aggregazi<span class=\"_ _2\"></span>one. <span class=\"_ _14\"></span>Tale <span class=\"_ _6\"></span>prima <span class=\"_ _6\"></span>iscrizione <span class=\"_ _6\"></span>viene <span class=\"_ _14\"></span>completat<span class=\"_ _2\"></span>a <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>rettificata <span class=\"_ _6\"></span>entro <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>dodic<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>mesi <span class=\"_ _14\"></span>dalla data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisizione. <span class=\"_ _3\"></span>Modifiche <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>corrispettivo <span class=\"_ _3\"></span>iniziale <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>derivano <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>eventi <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>circostanze <span class=\"_ _6\"></span>successive <span class=\"_ _3\"></span>alla data di acquisizione s<span class=\"_ _1\"></span>ono rilevate a conto econo<span class=\"_ _2\"></span>mico. L\u2019a<span class=\"_ _2\"></span>vv<span class=\"_ _2\"></span>iame<span class=\"_ _1\"></span>nto <span class=\"_ _6\"></span>de<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>van<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>dal<span class=\"_ _1\"></span>l\u2019acqu<span class=\"_ _1\"></span>isizi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _6\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>co<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span>rolla<span class=\"_ _2\"></span>ta <span class=\"_ _3\"></span>rapp<span class=\"_ _2\"></span>res<span class=\"_ _1\"></span>enta <span class=\"_ _6\"></span>l<span class=\"_ _2\"></span>\u2019ec<span class=\"_ _2\"></span>ced<span class=\"_ _2\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _14\"></span><span class=\"ff21\">di <span class=\"_ _6\"></span>acquisizione </span>rispetto <span class=\"_ _12\"> </span>alla <span class=\"_ _12\"> </span>percentuale <span class=\"_ _15\"> </span>spettante <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>Gruppo <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span><span class=\"ff26\">fair <span class=\"_ _12\"> </span>value <span class=\"_ _12\"> </span></span>delle <span class=\"_ _12\"> </span>attivit\u00e0, <span class=\"_ _11\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>potenziali identificabili <span class=\"_ _2\"></span>della cont<span class=\"_ _2\"></span>rollata alla <span class=\"_ _2\"></span>data d<span class=\"_ _2\"></span>i acquis<span class=\"_ _2\"></span>izione. N<span class=\"_ _2\"></span>el caso <span class=\"_ _2\"></span>di esercizio <span class=\"_ _2\"></span>dell\u2019opzion<span class=\"_ _2\"></span>e del <span class=\"ff27\">\u201cfull goodw<span class=\"_ _2\"></span>ill\u201d<span class=\"ff21 ls7\">, </span></span>\u00e8 consentito <span class=\"_ _1\"></span>all\u2019acquirente di <span class=\"_ _2\"></span>riconoscere <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> 100% <span class=\"_ _2\"></span>dell\u2019avvia<span class=\"_ _2\"></span>mento d<span class=\"_ _2\"></span>elle soci<span class=\"_ _2\"></span>et\u00e0 acquis<span class=\"_ _2\"></span>ite, piuttos<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o che <span class=\"_ _2\"></span>il solo<span class=\"_ _1\"></span> avviamento spe<span class=\"_ _2\"></span>ttante alla maggioranz<span class=\"_ _2\"></span>a. L\u2019avviamento<span class=\"ff21\"> derivante <span class=\"_ _3\"></span>dalla <span class=\"ff26\">business <span class=\"_ _3\"></span>combination </span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span><span class=\"ls31\">RCS</span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>determinato <span class=\"_ _3\"></span></span>con <span class=\"_ _6\"></span>l\u2019approccio <span class=\"_ _6\"></span>del consolidamento in<span class=\"_ _2\"></span>tegrale <span class=\"ff27\">\u201cfull g<span class=\"_ _2\"></span>oodwill<span class=\"ff24 ls4\">\u201d.</span><span class=\"ff21\"> </span></span>L\u2019avviamento<span class=\"ff21\"> <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _14\"></span>rilevato <span class=\"_ _14\"></span>come <span class=\"_ _14\"></span>attivit\u00e0 <span class=\"_ _14\"></span>immateriale <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>vita <span class=\"_ _14\"></span>indefinita <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>viene <span class=\"_ _7\"></span></span>ammortizza<span class=\"_ _2\"></span>to. <span class=\"_ _12\"> </span>L\u2019eventuale<span class=\"_ _2\"></span> differenza <span class=\"_ _3\"></span>positiva <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>valutate <span class=\"_ _3\"></span>a <span class=\"_ _14\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _3\"></span></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>acquisi<span class=\"_ _2\"></span>zione <span class=\"_ _6\"></span>ed <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>prezzo <span class=\"_ _3\"></span>pagato <span class=\"_ _6\"></span>\u00e8 rilevata <span class=\"_ _12\"> </span>nel <span class=\"_ _15\"> </span>conto <span class=\"_ _12\"> </span>economico <span class=\"_ _12\"> </span>consolidato <span class=\"_ _15\"> </span>a <span class=\"_ _12\"> </span>tit<span class=\"_ _3\"></span>olo <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>provento <span class=\"_ _15\"> </span>non <span class=\"_ _8\"></span>ricorrente. <span class=\"_ _8\"></span>Essa<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>pu\u00f2 <span class=\"_ _8\"></span>essere <span class=\"_ _15\"> </span>oggetto <span class=\"_ _8\"></span>di successiva <span class=\"_ _1\"></span>rettifica <span class=\"_ _1\"></span>nel<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>periodo <span class=\"_ _1\"></span>di dodi<span class=\"_ _2\"></span>ci mesi dalla d<span class=\"_ _2\"></span>ata di acquisizi<span class=\"_ _2\"></span>one. I <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>connessi <span class=\"_ _14\"></span><span class=\"ff24\">all\u2019a<span class=\"_ _2\"></span>ggregazione<span class=\"ff21\"> <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>fanno <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>corrispettivo <span class=\"_ _6\"></span>trasferito <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>pertanto <span class=\"_ _6\"></span>rilevati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto </span></span>economico. L\u2019avviamento <span class=\"_ _12\"> </span>viene <span class=\"_ _11\"> </span>periodicamente <span class=\"_ _12\"> </span>riesaminato <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>ver<span class=\"_ _3\"></span>ificarne <span class=\"_ _12\"> </span>i <span class=\"_ _11\"> </span>presupposti <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>recuperabilit\u00e0 <span class=\"_ _12\"> </span>tramite <span class=\"_ _11\"> </span>il confronto <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>il <span class=\"_ _2\"></span>maggiore <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _1\"></span>value <span class=\"_ _2\"></span><span class=\"ff21\">e <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span><span class=\"ff26\">value <span class=\"_ _1\"></span>in us<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span><span class=\"ff21\">, <span class=\"_ _7\"></span>calcolato <span class=\"_ _1\"></span>come <span class=\"_ _2\"></span>somma<span class=\"_ _2\"></span>toria <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>flussi <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>cassa <span class=\"_ _1\"></span>futuri </span></span></span></span>attualizzati <span class=\"_ _3\"></span>generati <span class=\"_ _6\"></span>dall\u2019invest<span class=\"_ _2\"></span>im<span class=\"ff21\">ento <span class=\"_ _6\"></span>sottostante. <span class=\"_ _3\"></span>Le <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>iscritte <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>mmediatamente <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>conto </span>economico e non so<span class=\"_ _2\"></span>no successiva<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ente riprist<span class=\"_ _2\"></span>inate. Al <span class=\"_ _17\"> </span>fine <span class=\"_ _5\"> </span><span class=\"ff24\">dell\u2019analisi</span> <span class=\"_ _5\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _17\"> </span>congruit\u00e0, <span class=\"_ _5\"> </span><span class=\"ff24\">l\u2019avviamento</span> <span class=\"_ _5\"> </span>acquisito <span class=\"_ _5\"> </span><span class=\"ls17\">in</span> <span class=\"_ _17\"> </span>un\u2019aggregaz<span class=\"_ _2\"></span>ione <span class=\"_ _17\"> </span>aziendal<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>allocato, <span class=\"_ _3\"></span>alla data di <span class=\"_ _1\"></span>ac<span class=\"_ _3\"></span>quisizione, <span class=\"_ _1\"></span>alle singole <span class=\"_ _2\"></span>unit\u00e0 <span class=\"_ _2\"></span>generatrici <span class=\"_ _2\"></span>di f<span class=\"_ _2\"></span>lussi di <span class=\"_ _1\"></span>cassa del G<span class=\"_ _1\"></span>ruppo, o <span class=\"_ _2\"></span>ai grupp<span class=\"_ _2\"></span>i di <span class=\"_ _2\"></span>unit\u00e0 gen<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>atrici di <span class=\"_ _7\"> </span>flussi <span class=\"_ _8\"> </span>che <span class=\"_ _7\"> </span>dovrebbero <span class=\"_ _7\"> </span>beneficiare <span class=\"_ _7\"> </span>dalle <span class=\"_ _7\"> </span>sinergie <span class=\"_ _7\"> </span>dell\u2019aggregazione,<span class=\"ff21\"> <span class=\"_ _6\"></span>indipendentemen<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>fatto <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>altre </span>attivit\u00e0 <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span>Gruppo <span class=\"_ _16\"></span>siano assegnate a tali un<span class=\"_ _2\"></span>it\u00e0 o raggrupp<span class=\"_ _2\"></span>amenti di unit<span class=\"_ _2\"></span>\u00e0. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-209-3": {
   "value": "7.<span class=\"fc0 ls0\"> P<span class=\"_ _2\"></span>arte<span class=\"_ _1\"></span>cipaz<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i i<span class=\"_ _1\"></span>n soc<span class=\"_ _1\"></span>iet\u00e0 c<span class=\"_ _1\"></span>olleg<span class=\"_ _2\"></span>ate<span class=\"_ _1\"></span> e jo<span class=\"_ _2\"></span>int<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ntur<span class=\"_ _1\"></span>e </span>Una <span class=\"_ _6\"></span>collegata <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span><span class=\"ff24\">un\u2019impresa</span> <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>quale <span class=\"_ _6\"></span><span class=\"ls17\">il</span> <span class=\"_ _14\"></span>Gruppo,<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>pur <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>avendo <span class=\"_ _6\"></span><span class=\"ls6\">il</span> <span class=\"_ _6\"></span>controllo <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span><span class=\"ls6\">il</span> <span class=\"_ _6\"></span>controllo <span class=\"_ _6\"></span>congiunto, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>in grado di <span class=\"_ _3\"></span>esercitare <span class=\"ff24\">un\u2019influenza notevole attraverso la <span class=\"_ _3\"></span>partecipazione alle decisioni <span class=\"_ _3\"></span>sulle politiche finanziarie </span>e operative della <span class=\"_ _2\"></span>partecipata. Una <span class=\"_ _14\"></span>joint <span class=\"_ _14\"></span>venture <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _14\"></span>r<span class=\"_ _3\"></span>appresentata <span class=\"_ _14\"></span>dalle <span class=\"_ _14\"></span>partecipaz<span class=\"_ _2\"></span>ioni <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>im<span class=\"_ _3\"></span>prese <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _14\"></span>cui <span class=\"_ _14\"></span>le <span class=\"_ _7\"></span>decisioni <span class=\"_ _14\"></span>finanziarie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gestionali<span class=\"_ _2\"></span> strategiche <span class=\"_ _0\"></span><span class=\"ff24\">sull\u2019attivit\u00e0<span class=\"ff21\"> <span class=\"_ _0\"></span>economica <span class=\"_ _16\"></span>richiedono <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>consenso <span class=\"_ _0\"></span>unanime <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>tutte <span class=\"_ _2\"></span>le <span class=\"_ _1\"></span>parti c<span class=\"_ _2\"></span>he <span class=\"_ _1\"></span>condividono <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>controllo, </span></span></span></span>ai sensi dell\u2019IFR<span class=\"_ _2\"></span>S 11. I <span class=\"_ _14\"></span>ris<span class=\"_ _2\"></span>ult<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>econ<span class=\"_ _1\"></span>omic<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>e <span class=\"_ _14\"></span><span class=\"ls17\">le</span> <span class=\"_ _14\"></span>att<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>pass<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>del<span class=\"_ _2\"></span>le <span class=\"_ _14\"></span>im<span class=\"_ _2\"></span>pr<span class=\"_ _2\"></span>ese<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>coll<span class=\"_ _1\"></span>egate<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>join<span class=\"_ _1\"></span>t <span class=\"_ _14\"></span>ventu<span class=\"_ _1\"></span>re <span class=\"_ _14\"></span>son<span class=\"_ _2\"></span>o <span class=\"_ _14\"></span>ril<span class=\"_ _2\"></span>eva<span class=\"_ _1\"></span>ti <span class=\"_ _8\"></span>nel <span class=\"_ _8\"></span>bilancio consolidato <span class=\"_ _7\"></span>secondo <span class=\"_ _7\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>metodo <span class=\"_ _7\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>patrimonio <span class=\"_ _7\"></span>netto. <span class=\"_ _8\"></span>Secondo <span class=\"_ _7\"></span>t<span class=\"_ _3\"></span>ale <span class=\"_ _7\"></span>metodo, <span class=\"_ _8\"></span>le <span class=\"_ _8\"></span>partecipazion<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>nelle <span class=\"_ _14\"></span>imprese collegate <span class=\"_ _a1\"> </span><span class=\"ls3\">al</span> <span class=\"_ _a1\"> </span>momento <span class=\"_ _a1\"> </span>d<span class=\"_ _2\"></span>ell\u2019acquisizione <span class=\"_ _a1\"> </span>sono <span class=\"_ _b\"> </span>rilevate <span class=\"_ _a1\"> </span>nello <span class=\"_ _a1\"> </span>stato <span class=\"_ _1c\"> </span>patrimonia<span class=\"_ _2\"></span>le <span class=\"_ _b\"> </span><span class=\"ls4\">al<span class=\"_ _3\"></span></span> <span class=\"_ _b\"> </span>costo, <span class=\"_ _b\"> </span>rettificato successivamente <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls6\">la</span> <span class=\"_ _14\"></span>frazione <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>spettanza <span class=\"_ _14\"></span>delle <span class=\"_ _6\"></span>variazioni <span class=\"_ _8\"></span>di <span class=\"_ _15\"></span>patrimon<span class=\"_ _2\"></span>io <span class=\"_ _8\"></span>netto <span class=\"_ _8\"></span>della <span class=\"_ _15\"></span>collegata <span class=\"_ _8\"></span>stessa. <span class=\"_ _8\"></span>Le perdite <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>collegate ec<span class=\"_ _2\"></span>cedenti <span class=\"_ _1\"></span>la quota <span class=\"_ _1\"></span>di interessen<span class=\"_ _2\"></span>za <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>Gruppo nelle<span class=\"_ _2\"></span> st<span class=\"_ _2\"></span>esse <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>sono rilevate,<span class=\"_ _2\"></span> a <span class=\"_ _1\"></span>meno <span class=\"_ _2\"></span>che il <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _10\"> </span>non <span class=\"_ _f\"> </span>abbia <span class=\"_ _10\"> </span>assunto <span class=\"_\"> </span>una <span class=\"_ _11\"> </span>obbligazione <span class=\"_ _11\"> </span>per <span class=\"_\"> </span><span class=\"ls6\">la</span> <span class=\"_ _11\"> </span>copertura <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>stesse. <span class=\"_\"> </span>L\u2019ecc<span class=\"_ _2\"></span>edenza <span class=\"_ _11\"> </span>del <span class=\"_\"> </span>costo <span class=\"_ _11\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> acquisizione <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>percentuale <span class=\"_ _1\"></span>spettante <span class=\"_ _1\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>corrente d<span class=\"_ _1\"></span>elle <span class=\"_ _2\"></span>attivit\u00e0, <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 potenziali i<span class=\"_ _3\"></span>dentificabil<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>dell<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>collegata <span class=\"_ _3\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>acquisizione <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>riconosciuta <span class=\"_ _3\"></span>come <span class=\"_ _3\"></span>avviamento. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>valore di carico dell\u2019inve<span class=\"_ _2\"></span>stimento \u00e8 assogget<span class=\"_ _2\"></span>tato annualmen<span class=\"_ _2\"></span>te a test di <span class=\"ff26\">imp<span class=\"_ _2\"></span>ai<span class=\"_ _1\"></span>rment<span class=\"_ _2\"></span><span class=\"ff21\">.<span class=\"_ _2\"></span> </span></span>Il mi<span class=\"_ _3\"></span>nor valore <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>di acquisizione rispetto <span class=\"_ _3\"></span>alla per<span class=\"_ _3\"></span>centuale di <span class=\"_ _3\"></span>spettanza del <span class=\"_ _3\"></span>Gruppo del<span class=\"_ _6\"></span> <span class=\"ff26\">fair value </span>delle attivit\u00e0 <span class=\"_ _8\"></span>e <span class=\"_ _15\"></span>passiv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _8\"></span>identificabili <span class=\"_ _8\"></span>della <span class=\"_ _8\"></span>collegata <span class=\"_ _8\"></span>alla <span class=\"_ _8\"></span>data<span class=\"_ _3\"></span> <span class=\"_ _8\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _8\"></span>acquisizione <span class=\"_ _8\"></span>\u00e8 <span class=\"_ _12\"> </span>accreditato <span class=\"_ _8\"></span>a <span class=\"_ _12\"> </span>conto <span class=\"_ _12\"> </span>economico nell\u2019esercizio.<span class=\"ff21\"> </span>Nel <span class=\"_ _1\"></span>caso <span class=\"_ _2\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>una <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _1\"></span>collegata <span class=\"_ _1\"></span>o <span class=\"ff26\">jo<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>nt <span class=\"_ _1\"></span>venture <span class=\"_ _1\"></span><span class=\"ff21\">rilevi r<span class=\"_ _2\"></span>ettifiche <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>diretta <span class=\"_ _16\"></span>imputazione <span class=\"_ _1\"></span>al p<span class=\"_ _2\"></span>atrimonio <span class=\"_ _1\"></span>netto </span></span></span></span>e/o <span class=\"_ _1\"></span>nel <span class=\"_ _2\"></span>prospetto <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _1\"></span>complessivo, <span class=\"_ _1\"></span>il G<span class=\"_ _1\"></span>ruppo iscrive <span class=\"_ _16\"></span>a s<span class=\"_ _2\"></span>ua <span class=\"_ _1\"></span>volta <span class=\"_ _1\"></span>la r<span class=\"_ _2\"></span>elativa <span class=\"_ _1\"></span>quota <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>pertinenza<span class=\"_ _2\"></span> nel <span class=\"_ _6\"></span>patrimonio <span class=\"_ _3\"></span>netto <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ne <span class=\"_ _6\"></span>d\u00e0 <span class=\"_ _6\"></span>rappresentazione, <span class=\"_ _3\"></span>ove <span class=\"_ _6\"></span>applicabile, <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>prospet<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>variazioni <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>patrimonio netto e/o nel prosp<span class=\"_ _2\"></span>etto delle<span class=\"_ _2\"></span> altre component<span class=\"_ _2\"></span>i di conto econo<span class=\"_ _2\"></span>mico comples<span class=\"_ _2\"></span>sivo. Un\u2019eventuale<span class=\"ff21\"> <span class=\"_ _12\"> </span><span class=\"ls7\">pe<span class=\"_ _3\"></span></span>rdita <span class=\"_ _11\"> </span>per <span class=\"_ _12\"> </span>riduzione <span class=\"_ _11\"> </span><span class=\"ls7\">di</span> <span class=\"_\"> </span>va<span class=\"_ _2\"></span>lore <span class=\"_ _11\"> </span>della <span class=\"_ _11\"> </span>partecipazione<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>rilevata <span class=\"_ _12\"> </span><span class=\"ls4\">ai</span> <span class=\"_\"> </span>s<span class=\"_ _1\"></span>ens<span class=\"_ _3\"></span>i <span class=\"_ _11\"> </span>dello <span class=\"_ _12\"> </span>IAS <span class=\"_ _11\"> </span>36 <span class=\"_ _17\"> </span>non <span class=\"_ _17\"> </span>\u00e8 </span>riconducibile <span class=\"_ _b\"> </span><span class=\"ff24\">all\u2019avviamento</span> <span class=\"_ _b\"> </span>n\u00e9 <span class=\"_ _a1\"> </span>alla <span class=\"_ _b\"> </span>valutazione <span class=\"_ _b\"> </span>a <span class=\"_ _b\"> </span><span class=\"ff26\">fair <span class=\"_ _a1\"> </span>value <span class=\"_ _b\"> </span></span>di <span class=\"_ _a1\"> </span>attivit\u00e0 <span class=\"_ _b\"> </span>iscritte <span class=\"_ _10\"> </span>nel <span class=\"_ _10\"> </span>bilancio <span class=\"_ _10\"> </span>della partecipazione collegata, <span class=\"_ _3\"></span>bens\u00ec <span class=\"_ _6\"></span>al valore <span class=\"_ _6\"></span>della partecipazione <span class=\"_ _3\"></span>nel <span class=\"_ _6\"></span>suo complesso. <span class=\"_ _3\"></span>Pertanto <span class=\"_ _6\"></span>qual<span class=\"_ _2\"></span>siasi <span class=\"_ _3\"></span>ripristino di <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _12\"> </span>rilevato <span class=\"_ _8\"></span>i<span class=\"_ _3\"></span>ntegral<span class=\"_ _2\"></span>mente <span class=\"_ _15\"> </span>nella <span class=\"_ _15\"> </span>misura <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>cui <span class=\"_ _15\"> </span>il <span class=\"_ _12\"> </span>valore <span class=\"_ _15\"> </span>recuperabile <span class=\"_ _15\"></span>della <span class=\"_ _15\"> </span>partecipazion<span class=\"_ _2\"></span>e <span class=\"_ _15\"> </span>aumenti successiv<span class=\"ff24\">amente <span class=\"_ _2\"></span>in base al risul<span class=\"_ _2\"></span>tato dell\u2019<span class=\"ff26\">impairment <span class=\"_ _2\"></span>test<span class=\"ff21\">. </span></span></span>Con riferimento a<span class=\"_ _2\"></span>lle operazioni in<span class=\"_ _2\"></span>tercorse fra <span class=\"ff24\">un\u2019<span class=\"_ _2\"></span>impresa<span class=\"ff21\"> del Gru<span class=\"_ _2\"></span>ppo e una col<span class=\"_ _2\"></span>legata, gli ut<span class=\"_ _2\"></span>ili <span class=\"_ _14\"></span>e <span class=\"ls6\">le</span> p<span class=\"_ _2\"></span>erdite non </span></span>realizzati <span class=\"_ _8\"></span>sono <span class=\"_ _8\"></span>eliminati <span class=\"_ _15\"></span><span class=\"ls6\">in</span> <span class=\"_ _8\"></span>misura <span class=\"_ _8\"></span>pari <span class=\"_ _15\"> </span>alla <span class=\"_ _15\"></span>percentu<span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _15\"></span><span class=\"ls7\">di</span> <span class=\"_ _15\"> </span>partecipazione <span class=\"_ _8\"></span>del <span class=\"_ _11\"> </span>Gruppo <span class=\"_\"> </span>nella <span class=\"_\"> </span>collega<span class=\"_ _2\"></span>ta, <span class=\"_\"> </span>ad eccezione <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>caso <span class=\"_ _11\"> </span>in <span class=\"_ _11\"> </span>cui <span class=\"_ _11\"> </span>le <span class=\"_ _11\"> </span>perdite <span class=\"_ _11\"> </span>non <span class=\"_ _11\"> </span>realizzate <span class=\"_ _12\"> </span>costituiscano <span class=\"_ _11\"> </span>l\u2019evidenza <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>una <span class=\"_ _11\"> </span>riduzione <span class=\"_ _11\"> </span>nel <span class=\"_ _11\"> </span>valore dell\u2019attivit\u00e0 t<span class=\"_ _2\"></span>rasferita.<span class=\"ff21 fs0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-241-3": {
   "value": "8. R<span class=\"_ _2\"></span>ico<span class=\"_ _2\"></span>nos<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>dei<span class=\"_ _1\"></span> costi<span class=\"_ _2\"></span> e <span class=\"_ _2\"></span>ric<span class=\"_ _1\"></span>avi I costi <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>ricavi ed i <span class=\"_ _3\"></span>proventi ed <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>sono rilevati secondo il <span class=\"_ _3\"></span>principio di <span class=\"_ _3\"></span>competenza economica e temporale ed in particolare:<span class=\"_ _2\"></span> <span class=\"ff21 fs2 fc0\">I <span class=\"_ _16\"></span>rica<span class=\"_ _3\"></span>vi <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>rilevati <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>conto <span class=\"_ _16\"></span>economico <span class=\"_ _1\"></span>quando <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>soddisfatti <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>criteri <span class=\"_ _16\"></span>previsti <span class=\"_ _1\"></span><span class=\"ff24\">dal<span class=\"_ _2\"></span>l\u2019I<span class=\"_ _1\"></span>FRS1<span class=\"_ _1\"></span>5.<span class=\"ff21\"> </span></span></span><span class=\"ff21 fs2 fc0\">I <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>nella misura <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>probabile <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>societ\u00e0 affluiranno i <span class=\"_ _6\"></span>benefici economici e <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>oro </span>ammontare pu\u00f2 <span class=\"_ _3\"></span>essere det<span class=\"_ _3\"></span>erminato in <span class=\"_ _3\"></span>modo <span class=\"_ _3\"></span>attendibile. I <span class=\"_ _3\"></span>ricavi<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sono rappresentati al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>eventuali poste rettificative.<span class=\"_ _2\"></span> <span class=\"ff21 fs2 fc0\">I <span class=\"_ _6\"></span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>la <span class=\"_ _6\"></span>vendita <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>spazi <span class=\"_ _14\"></span>pubblicita<span class=\"_ _2\"></span>ri <span class=\"_ _6\"></span>sui <span class=\"_ _14\"></span>mezzi <span class=\"_ _6\"></span>tradizional<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>considerano <span class=\"_ _6\"></span>realizzat<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>della </span>prestazione <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>coincide <span class=\"_ _3\"></span>con <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>diffusione <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>messaggio <span class=\"_ _6\"></span>pubblicitario <span class=\"_ _3\"></span>(TV) <span class=\"_ _6\"></span>o <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>dat<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>pubblicazione <span class=\"_ _6\"></span>dell<span class=\"_ _2\"></span>a testata (stampa). <span class=\"ff21 fs2 fc0\">I ricavi pubblicitari realizza<span class=\"_ _2\"></span>ti nel comparto digital<span class=\"_ _2\"></span>e sono rilevati <span class=\"ls4\">al</span> mo<span class=\"_ _2\"></span>mento della diffus<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>pubblic<span class=\"_ _2\"></span>azione </span>del messaggio. I <span class=\"_ _5\"> </span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _5\"> </span>relativi <span class=\"_ _17\"> </span>alle <span class=\"_ _5\"> </span>testate <span class=\"_ _5\"> </span>editoriali <span class=\"_ _5\"> </span>(quotidiani <span class=\"_ _5\"> </span>e <span class=\"_ _17\"> </span>periodici) <span class=\"_ _5\"> </span>sono <span class=\"_ _5\"> </span>normalmente <span class=\"_ _5\"> </span>rilevati <span class=\"_ _8\"></span>alla <span class=\"_ _8\"></span>data <span class=\"_ _8\"></span>di pubblicazione, a<span class=\"_ _2\"></span>l netto dei resi rag<span class=\"_ _2\"></span>ionevolmente <span class=\"_ _2\"></span>stimati e al lo<span class=\"_ _2\"></span>rdo dell\u2019aggio <span class=\"_ _2\"></span>di <span class=\"_ _3\"></span><span class=\"ff21\">di<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>e.<span class=\"_ _2\"></span> </span><span class=\"ff21 fs2 fc0\">I <span class=\"_ _6\"></span>ricavi <span class=\"_ _3\"></span>relativi <span class=\"_ _6\"></span>alla <span class=\"_ _3\"></span>vendita <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>abbonamenti <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>pubblic<span class=\"_ _2\"></span>azioni <span class=\"_ _3\"></span>relative <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>periodo <span class=\"_ _3\"></span>di </span>competenza ed e<span class=\"_ _2\"></span>ffettivame<span class=\"_ _2\"></span>nte spedite. I <span class=\"_ _14\"></span>ricavi <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>servizi <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>riconosciuti <span class=\"_ _14\"></span>alla <span class=\"_ _14\"></span>data <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>loro <span class=\"_ _14\"></span>maturazione, <span class=\"_ _14\"></span>come <span class=\"_ _14\"></span>definita <span class=\"_ _14\"></span>nei <span class=\"_ _14\"></span>rispettivi <span class=\"_ _8\"></span>contratti, <span class=\"_ _15\"> </span>in particolare <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>relativi <span class=\"_ _3\"></span>all\u2019attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>distribuzione <span class=\"_ _6\"></span>(aggio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>distribuzione) <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>rico<span class=\"_ _6\"></span><span class=\"ff21\">nosciuti <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>momento </span>della spedizione a<span class=\"_ _2\"></span>lla rete distribu<span class=\"_ _2\"></span>tiva. I <span class=\"_ _15\"></span>ricavi <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span><span class=\"ls6\">le</span> <span class=\"_ _15\"> </span>sponsorizzazion<span class=\"_ _2\"></span>i <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>eventi <span class=\"_ _15\"></span>sportivi <span class=\"_ _8\"></span>e <span class=\"_ _15\"> </span>per <span class=\"_ _12\"> </span>l\u2019organizz<span class=\"_ _2\"></span>azione <span class=\"_ _15\"> </span><span class=\"ls7\">di</span> <span class=\"_ _12\"> </span>eventi <span class=\"_ _15\"></span>sono <span class=\"_ _8\"></span>r<span class=\"_ _3\"></span>ilevati <span class=\"_ _11\"> </span>alla <span class=\"_\"> </span>data<span class=\"_ _2\"></span> dell\u2019evento, tenu<span class=\"_ _2\"></span>to conto de<span class=\"_ _2\"></span>lla limitata estens<span class=\"_ _2\"></span>ione temporale a<span class=\"_ _2\"></span>ttribuibile a <span class=\"_ _2\"></span>tali <span class=\"_ _3\"></span><span class=\"ff21\">eve<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ti.<span class=\"_ _16\"></span> </span><span class=\"ff21 fs2 fc0\">Le royalties sono ricon<span class=\"_ _2\"></span>osciute alla da<span class=\"_ _2\"></span>ta di loro matu<span class=\"_ _2\"></span>razione, come d<span class=\"_ _2\"></span>efinita nei ri<span class=\"_ _2\"></span>spettivi cont<span class=\"_ _1\"></span>ratti<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-263-3": {
   "value": "<span class=\"ff21 fs2 fc0\">I <span class=\"_ _14\"></span>cost<span class=\"_ _3\"></span>i <span class=\"_ _14\"></span>sostenuti <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>la <span class=\"_ _7\"></span>pre-pubblicazione <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>lancio <span class=\"_ _14\"></span>delle <span class=\"_ _14\"></span>nuove <span class=\"_ _14\"></span>testate <span class=\"_ _7\"></span>sono <span class=\"_ _14\"></span>addebitati <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>conto <span class=\"_ _14\"></span>economico </span>quando sostenuti. <span class=\"ff24 fs2 fc0\">I <span class=\"_ _6\"></span>cost<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _14\"></span>altri <span class=\"_ _6\"></span>oneri <span class=\"_ _6\"></span>operativi <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>rilevati <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>componenti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>risultato <span class=\"_ _14\"></span>d\u2019es<span class=\"_ _2\"></span>ercizi<span class=\"_ _3\"></span><span class=\"ff21\">o <span class=\"_ _14\"></span>nel <span class=\"_ _6\"></span>momento <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>cui </span></span>sono <span class=\"_ _3\"></span>sostenuti in <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>al principio <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>competenza economica e <span class=\"_ _3\"></span>temporale <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>regola i <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>quando non hanno requisiti pe<span class=\"_ _2\"></span>r il differi<span class=\"_ _2\"></span>mento come attivi<span class=\"_ _2\"></span>t\u00e0 nello stato p<span class=\"_ _2\"></span>atrimoniale. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-268-3": {
   "value": "<span class=\"ff21 fs2 fc0\">Gli interessi attivi e pas<span class=\"_ _2\"></span>sivi sono rileva<span class=\"_ _2\"></span>ti in applicazio<span class=\"_ _2\"></span>ne del pr<span class=\"_ _2\"></span>incipio della co<span class=\"_ _2\"></span>mpetenza te<span class=\"_ _2\"></span>mporale. </span><span class=\"ff21 fs2 fc0\">I dividendi sono rilevati quando s<span class=\"_ _2\"></span>i stabilisce il diritto degl<span class=\"_ _2\"></span>i azionisti a ricever<span class=\"_ _2\"></span>ne il pagamen<span class=\"_ _2\"></span>to ovvero alla data<span class=\"_ _2\"></span> </span>della delibera as<span class=\"_ _2\"></span>sembleare. I riaddebiti di costi sost<span class=\"_ _2\"></span>enuti per con<span class=\"_ _2\"></span>to di terzi sono r<span class=\"_ _2\"></span>ilevati a ridu<span class=\"_ _2\"></span>zione del costo<span class=\"_ _2\"></span> a cui si correl<span class=\"_ _2\"></span>ano<span class=\"_ _3\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-272-3": {
   "value": "9. I<span class=\"_ _1\"></span>mpost<span class=\"_ _2\"></span>e Le<span class=\"ls0\"> <span class=\"_ _0\"></span>imposte <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>rappresentano <span class=\"_ _0\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _0\"></span>somma <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>imposte <span class=\"_ _0\"></span>correnti, <span class=\"_ _0\"></span>differite <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>anticipate. <span class=\"_ _16\"></span>Le <span class=\"_ _1\"></span>imposte <span class=\"_ _1\"></span>corrent<span class=\"ls17\">i </span></span></span></span>sono <span class=\"_ _1\"></span>basate <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>isultato <span class=\"_ _1\"></span>imponibile <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>periodo. <span class=\"_ _1\"></span>Il <span class=\"_ _2\"></span>reddito <span class=\"_ _16\"></span>imponibile <span class=\"_ _1\"></span>differisce <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>isultato <span class=\"_ _1\"></span>riportato <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>conto economico poich\u00e9 esclude componen<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>i positive e negative che saranno tassabili o deducibili in altri esercizi e esclude componen<span class=\"_ _2\"></span>ti che no<span class=\"_ _2\"></span>n saranno mai tassabili <span class=\"_ _2\"></span>o deducibili. Le passivit\u00e0 pe<span class=\"_ _2\"></span>r imposte corren<span class=\"_ _2\"></span>ti sono calcolat<span class=\"_ _2\"></span>e utilizzando l<span class=\"_ _2\"></span>e aliquote vigent<span class=\"_ _2\"></span>i alla data di bi<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>o.<span class=\"_ _1\"></span> A <span class=\"_ _17\"> </span>partire <span class=\"_ _17\"> </span>dal <span class=\"_ _5\"> </span>periodo <span class=\"_ _17\"> </span>d\u2019imposta <span class=\"_ _5\"> </span>2021 <span class=\"_ _17\"> </span>Cairo <span class=\"_ _17\"> </span>Communication <span class=\"_ _5\"> </span>e <span class=\"_ _17\"> </span>RCS <span class=\"_ _17\"> </span>MediaGro<span class=\"_ _2\"></span>up <span class=\"_ _17\"> </span>hanno <span class=\"_ _17\"> </span>eser<span class=\"_ _2\"></span>citato congiuntamente <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>\u2019opzione <span class=\"_ _3\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _14\"></span>regime <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>fiscale <span class=\"_ _6\"></span>nazionale <span class=\"_ _6\"></span>avente <span class=\"_ _14\"></span><span class=\"ff21\">Cairo <span class=\"_ _6\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _6\"></span>quale </span>societ\u00e0 <span class=\"_ _1\"></span>consolidante. A<span class=\"_ _2\"></span>nche <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>controllate <span class=\"_ _1\"></span>da RC<span class=\"_ _1\"></span>S MediaGroup, <span class=\"_ _2\"></span>laddove <span class=\"_ _2\"></span><span class=\"ls7\">ne<span class=\"ls0\"> sussistevan<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span> presupp<span class=\"_ _2\"></span>osti, </span></span></span></span>hanno aderito a <span class=\"_ _2\"></span>tale consolidato <span class=\"_ _2\"></span>fiscale, Le societ\u00e0 cont<span class=\"_ _2\"></span>rollate adere<span class=\"_ _2\"></span>nti sono<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>ertan<span class=\"_ _1\"></span>to: <span class=\"ff21 fs2 fc0\">Cairo Editore, Cairo Publ<span class=\"_ _2\"></span>ishing, La7, CA<span class=\"_ _2\"></span>IRORC<span class=\"_ _2\"></span>S Media e Cairo Network, </span><span class=\"ff21 fs2 fc0\">RCS <span class=\"_ _16\"></span>Me<span class=\"_ _3\"></span>diagroup <span class=\"_ _16\"></span>S.p.A. <span class=\"_ _16\"></span>Trovolavoro, <span class=\"_ _16\"></span>RCS <span class=\"_ _16\"></span>Sport, <span class=\"_ _16\"></span>RCS <span class=\"_ _1\"></span>Produzioni <span class=\"_ _16\"></span>Padova, <span class=\"_ _16\"></span>Sfera <span class=\"_ _1\"></span>Service, <span class=\"_ _16\"></span>Blei <span class=\"_ _16\"></span>in <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>iquidazione,<span class=\"_ _2\"></span> </span>RCS <span class=\"_ _7\"></span>Produzioni, <span class=\"_ _8\"></span>Digital <span class=\"_ _8\"></span>Factory, <span class=\"_ _8\"></span>RCS <span class=\"_ _7\"></span>Produzioni <span class=\"_ _7\"></span>Milano<span class=\"_ _3\"></span>, <span class=\"_ _8\"></span>M-dis <span class=\"_ _8\"></span>Distribuzione <span class=\"_ _7\"></span>Media, <span class=\"_ _8\"></span>To-dis <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>infine <span class=\"_ _8\"></span>le societ\u00e0 RCS Spor<span class=\"_ _2\"></span>ts &amp; Even<span class=\"_ _2\"></span>ts e Mybeautybox Cairo Communication fun<span class=\"_ _2\"></span>ge da societ\u00e0 consolidante e determina un<span class=\"_ _2\"></span>a unica base imponibile <span class=\"_ _3\"></span>per <span class=\"_ _11\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _11\"> </span>gruppo <span class=\"_ _11\"> </span><span class=\"ls7\">di</span> societ\u00e0 <span class=\"_\"> </span>aderenti <span class=\"_\"> </span><span class=\"ls3\">al</span> <span class=\"_\"> </span>consolidato <span class=\"_\"> </span>fiscale, <span class=\"_\"> </span>che <span class=\"_\"> </span>b<span class=\"_ _2\"></span>eneficia <span class=\"_\"> </span><span class=\"ls6\">in</span> <span class=\"_\"> </span>tal <span class=\"_\"> </span>mod<span class=\"_ _2\"></span>o <span class=\"_\"> </span>della <span class=\"_ _6\"></span>possibilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>compensare <span class=\"_ _6\"></span>redditi imponibili <span class=\"_ _8\"></span>con <span class=\"_ _12\"> </span>perdite <span class=\"_ _15\"></span>fiscali <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>una <span class=\"_ _15\"> </span>unica <span class=\"_ _15\"> </span>dichiarazione. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-290-3": {
   "value": "<span class=\"_ _12\"> </span>Le <span class=\"_ _15\"> </span>passivit\u00e0 <span class=\"_ _15\"> </span>fiscali <span class=\"_ _15\"> </span>differite <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>generalmente rilevate per tutte le di<span class=\"_ _2\"></span>fferenze temporan<span class=\"_ _2\"></span>ee imponibili, <span class=\"_ _2\"></span>mentre le attiv<span class=\"_ _2\"></span>it\u00e0 fiscali riferi<span class=\"_ _2\"></span>te a imposte anticipa<span class=\"_ _2\"></span>te o a futuri <span class=\"_ _15\"> </span>benefici <span class=\"_ _12\"> </span>fiscali <span class=\"_ _1c8\"> </span>sono <span class=\"_ _14\"></span><span class=\"ls5\">ri</span>levate <span class=\"_ _14\"></span>nella <span class=\"_ _14\"></span>misura <span class=\"_ _14\"></span><span class=\"ls6\">in</span> <span class=\"_ _7\"></span>cui <span class=\"_ _14\"></span><span class=\"ls34\">si</span> <span class=\"_ _14\"></span>r<span class=\"_ _3\"></span>itenga <span class=\"_ _14\"></span>probabile <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>vi <span class=\"_ _7\"></span>saranno <span class=\"_ _14\"></span>risultati <span class=\"_ _14\"></span>fiscali imponibili <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _15\"></span>futuro <span class=\"_ _8\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>consentano <span class=\"_ _15\"> </span><span class=\"ff24\">l\u2019utilizzo</span> <span class=\"_ _15\"></span>delle <span class=\"_ _8\"></span>differenze <span class=\"_ _15\"> </span>temporanee <span class=\"_ _8\"></span>deducibili. <span class=\"_ _15\"> </span><span class=\"ls9\">Le</span> <span class=\"_ _15\"> </span>imposte di<span class=\"_ _2\"></span>fferite sono calcolate in <span class=\"_ _3\"></span>base all\u2019aliquota fiscale che si <span class=\"_ _3\"></span>prevede sar\u00e0 i<span class=\"_ _3\"></span>n vigore al <span class=\"_ _3\"></span>momento del realizzo dell\u2019attivit\u00e0 o dell\u2019estinzione <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>considerazione <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>normativa <span class=\"_ _3\"></span>fiscale <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>vigore <span class=\"_ _3\"></span>all<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _3\"></span>del bilancio. <span class=\"_ _3\"></span>Gli <span class=\"_ _3\"></span>effetti, <span class=\"_ _3\"></span>ove <span class=\"_ _3\"></span>rilevanti, di <span class=\"_ _3\"></span>variazioni <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_ _8\"></span>aliquote <span class=\"_ _7\"></span>f<span class=\"_ _3\"></span>iscali <span class=\"_ _8\"></span>o <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>norme <span class=\"_ _7\"></span>tributarie <span class=\"_ _7\"></span>sono <span class=\"_ _8\"></span>descritti <span class=\"_ _8\"></span>nelle note <span class=\"_ _15\"> </span>esplicative. <span class=\"_ _15\"> </span><span class=\"ls9\">Le<span class=\"_ _3\"></span></span> <span class=\"_ _15\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>passivit\u00e0 <span class=\"_ _15\"> </span>fiscali <span class=\"_ _15\"> </span>differite <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"></span>esposte <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span><span class=\"ls17\">il</span> <span class=\"_ _12\"> </span>saldo <span class=\"_ _15\"></span>netto <span class=\"_ _15\"> </span>quando <span class=\"_ _15\"> </span><span class=\"ls7\">vi</span> <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _15\"> </span>un diritto <span class=\"_ _14\"></span>legale <span class=\"_ _14\"></span>a compensare<span class=\"_ _2\"></span> le imposte correnti attive e passiv<span class=\"_ _2\"></span>e e quando si riferiscono ad impos<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>e dovute alla medesima autor<span class=\"_ _2\"></span>it\u00e0 fiscale. Le impos<span class=\"_ _2\"></span>te differite no<span class=\"_ _2\"></span>n sono attualizza<span class=\"_ _2\"></span>te. Il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>valuta <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>recuperabilit\u00e0 <span class=\"_ _1\"></span>delle <span class=\"_ _16\"></span>atti<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _16\"></span>fiscali <span class=\"_ _1\"></span>differite <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>pre<span class=\"_ _3\"></span>visioni <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>imponibili <span class=\"_ _1\"></span>futuri attesi <span class=\"_ _7\"></span>tenendo <span class=\"_ _7\"></span>anche <span class=\"_ _8\"></span>in <span class=\"_ _7\"></span>considerazione <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>effetti <span class=\"_ _7\"></span>futuri <span class=\"_ _8\"></span>rivenienti <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>differenze <span class=\"_ _7\"></span>temporanee <span class=\"_ _7\"></span>su <span class=\"_ _8\"></span>cui <span class=\"_ _7\"></span>sono iscritte passivit\u00e0 f<span class=\"_ _2\"></span>iscali diff<span class=\"_ _2\"></span>erite ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-303-3": {
   "value": "10. U<span class=\"_ _2\"></span>til<span class=\"_ _1\"></span>e per<span class=\"_ _1\"></span> azio<span class=\"_ _2\"></span>ne L\u2019utile <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>az<span class=\"_ _3\"></span>ione <span class=\"_ _15\"> </span>base <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _15\"> </span>determinato <span class=\"_ _15\"> </span>come <span class=\"_ _15\"> </span>r<span class=\"_ _3\"></span>apporto <span class=\"_ _15\"></span><span class=\"ls6\">tra</span> <span class=\"_ _15\"></span><span class=\"ls6\">il</span> <span class=\"_ _15\"> </span>risultato <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>periodo <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>pertinenza <span class=\"_ _15\"> </span>del <span class=\"_ _7\"></span>Grup<span class=\"_ _2\"></span>po attr<span class=\"_ _1\"></span>ibuib<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>alle<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>azio<span class=\"_ _2\"></span>ni <span class=\"_ _16\"></span>ordin<span class=\"_ _1\"></span>arie <span class=\"_ _1\"></span>ed <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span>nume<span class=\"_ _1\"></span>ro <span class=\"_ _1\"></span>medio <span class=\"_ _16\"></span>pon<span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ato<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>azion<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>ord<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>e in <span class=\"_ _1\"></span>ci<span class=\"_ _3\"></span>rcolazione nel<span class=\"_ _2\"></span>l\u2019esercizio. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-306-3": {
   "value": "11.<span class=\"fc0 ls0\"> Im<span class=\"_ _2\"></span>mobi<span class=\"_ _2\"></span>li,<span class=\"_ _1\"></span> impia<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>i e<span class=\"_ _1\"></span> mac<span class=\"_ _2\"></span>chi<span class=\"_ _2\"></span>nar<span class=\"_ _1\"></span>i </span>Sono <span class=\"_ _14\"></span>iscritti <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>condizione <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>costo <span class=\"_ _14\"></span>sia <span class=\"_ _7\"></span>attendibilm<span class=\"_ _2\"></span>ente <span class=\"_ _14\"></span>determinabile <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>i <span class=\"_ _14\"></span>relativi <span class=\"_ _14\"></span>benefici <span class=\"_ _14\"></span>economici futuri possano esse<span class=\"_ _2\"></span>re realiz<span class=\"_ _2\"></span>zati dal Gruppo. Sono <span class=\"_ _1\"></span>iscritti <span class=\"_ _1\"></span>al <span class=\"_ _2\"></span>costo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acquisto <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di produ<span class=\"_ _2\"></span>zione, <span class=\"_ _1\"></span>comprensivo <span class=\"_ _16\"></span>degli <span class=\"_ _2\"></span>oneri <span class=\"_ _16\"></span>accessori <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>costi <span class=\"_ _2\"></span>diretti <span class=\"_ _16\"></span>e <span class=\"_ _2\"></span>indiretti di produzione per <span class=\"_ _2\"></span>la quota ragionevol<span class=\"_ _2\"></span>mente impu<span class=\"_ _2\"></span>tabile al bene. Le<span class=\"ls0\"> <span class=\"_ _16\"></span>immobilizzazioni <span class=\"_ _0\"></span>materiali <span class=\"_ _16\"></span>sono <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>stematica<span class=\"_ _2\"></span>mente <span class=\"_ _16\"></span>ammortizzate <span class=\"_ _0\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>ogni <span class=\"_ _16\"></span>esercizio <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>quote <span class=\"_ _1\"></span>costanti <span class=\"_ _1\"></span>sulla base<span class=\"_ _2\"></span> </span></span></span>di <span class=\"_ _1\"></span>aliquote <span class=\"_ _1\"></span>economico-tecniche <span class=\"_ _16\"></span>determinate <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>relazione <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>residue <span class=\"_ _1\"></span>possibilit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>utilizzo <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>beni. <span class=\"_ _1\"></span>Le <span class=\"_ _2\"></span>aliquote<span class=\"_ _2\"></span> di ammortamen<span class=\"_ _2\"></span>to utilizzate sono <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e seguenti: Im<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1c9\"> </span>3<span class=\"_ _1\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _1\"></span>%Attr<span class=\"_ _2\"></span>ez<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> vari<span class=\"_ _16\"></span>a<span class=\"_ _1ca\"> </span>1<span class=\"_ _1\"></span>2% - <span class=\"_ _3\"></span>2<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>%Im<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span>nari<span class=\"_ _1cb\"> </span>5<span class=\"_ _1\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _1\"></span>%Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> ben<span class=\"_ _2\"></span>i<span class=\"_ _1cc\"> </span>1<span class=\"_ _1\"></span>0% - <span class=\"_ _3\"></span>5<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>%I terreni non vengono <span class=\"_ _1\"></span>as<span class=\"_ _3\"></span>sogget<span class=\"_ _2\"></span>tati ad amm<span class=\"_ _2\"></span>ort<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>to. Nel <span class=\"_ _f\"> </span>primo <span class=\"_ _f\"> </span>anno <span class=\"_ _10\"> </span>le <span class=\"_ _4\"> </span>aliqu<span class=\"_ _1\"></span>ot<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>applicate <span class=\"_ _10\"> </span>tengono <span class=\"_ _f\"> </span>conto <span class=\"_ _f\"> </span>dell\u2019effettivo <span class=\"_ _10\"> </span>utilizzo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>bene <span class=\"_ _10\"> </span>in <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>d\u2019anno, l\u2019ammortamento <span class=\"_ _2\"></span>inizia quando le<span class=\"ff21\"> </span>atti<span class=\"_ _2\"></span>vit\u00e0 sono pronte <span class=\"_ _1\"></span>per<span class=\"_ _3\"></span> l\u2019uso.<span class=\"ff21\"> </span>La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _2\"></span>ile <span class=\"_\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _11\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_\"> </span>criterio <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_\"> </span>ammortam<span class=\"_ _2\"></span>ento <span class=\"_\"> </span>sono <span class=\"_\"> </span>r<span class=\"_ _2\"></span>ivisti <span class=\"_\"> </span>period<span class=\"_ _2\"></span>icamente <span class=\"_\"> </span><span class=\"ls4\">e,<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls4a\">si</span> <span class=\"_\"> </span>riscontrino <span class=\"_\"> </span>rilevanti </span></span>cambiamenti rispe<span class=\"_ _2\"></span>tto alle assunzion<span class=\"_ _2\"></span>i adottate in precedenza, <span class=\"_ _2\"></span>la quota di ammort<span class=\"_ _2\"></span>amento viene rett<span class=\"_ _2\"></span>ificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff24\">\u201cprospe<span class=\"_ _2\"></span>ttico\u201d.<span class=\"ff21\"> </span></span>Le <span class=\"_ _12\"> </span>spese <span class=\"_ _12\"> </span>incrementative <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>manutenzione <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>producono <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>significativ<span class=\"_ _2\"></span>o <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>tangibile <span class=\"_ _12\"> </span>incremento <span class=\"_ _12\"> </span>della capacit\u00e0 <span class=\"_ _16\"></span>produttiva <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>sicurezza <span class=\"_ _16\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>cespiti <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>comportano <span class=\"_ _16\"></span>un <span class=\"_ _1\"></span>allungamento <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>vita <span class=\"_ _3\"></span>utile <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>stessi, vengono <span class=\"_ _8\"></span>capitalizza<span class=\"_ _2\"></span>te <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>portate <span class=\"_ _7\"></span><span class=\"ls4\">ad</span> <span class=\"_ _8\"></span>incremento del cespite su cui vengono<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>realizzate. I costi di manutenz<span class=\"_ _2\"></span>ione aventi natura o<span class=\"_ _2\"></span>rdinaria sono imput<span class=\"_ _2\"></span>ati direttam<span class=\"_ _2\"></span>ente a conto econo<span class=\"_ _2\"></span>mico. Le <span class=\"_ _6\"></span>migliorie <span class=\"_ _6\"></span>su <span class=\"_ _3\"></span>beni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>terzi <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>classifica<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>immobilizzazi<span class=\"_ _2\"></span>oni <span class=\"_ _6\"></span>materiali, <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>bas<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>natura <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>costo sostenuto. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ammortamento <span class=\"_ _6\"></span>corrisponde <span class=\"_ _3\"></span>al <span class=\"_ _14\"></span>minore <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>utile <span class=\"_ _6\"></span>residua <span class=\"_ _14\"></span>dell\u2019<span class=\"_ _2\"></span>immobilizzazion<span class=\"_ _1\"></span>e materiale e la dur<span class=\"_ _2\"></span>ata del contra<span class=\"_ _2\"></span>tto del bene d<span class=\"_ _2\"></span>i terzi. Un <span class=\"_ _6\"></span>bene <span class=\"_ _14\"></span>materiale <span class=\"_ _6\"></span>viene <span class=\"_ _6\"></span>eliminato <span class=\"_ _14\"></span>dal<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>bilancio<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>al <span class=\"_ _6\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>endita <span class=\"_ _14\"></span>o <span class=\"_ _6\"></span>svalutato <span class=\"_ _6\"></span>integralmente <span class=\"_ _11\"> </span>quando non <span class=\"_ _11\"> </span>sussista <span class=\"_ _12\"> </span>alcun <span class=\"_ _11\"> </span>beneficio <span class=\"_ _11\"> </span>economico <span class=\"_ _12\"> </span>futuro <span class=\"_ _11\"> </span>atteso <span class=\"_ _11\"> </span>dal <span class=\"_ _11\"> </span>suo <span class=\"_ _11\"> </span>uso <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>dismissione. <span class=\"_ _6\"></span>Eventual<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>o <span class=\"_ _14\"></span>util<span class=\"_ _2\"></span>i (calcolati <span class=\"_ _16\"></span>come <span class=\"_ _1\"></span>differenza <span class=\"_ _16\"></span>tra <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>proventi <span class=\"_ _16\"></span>netti <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>vendita <span class=\"_ _16\"></span>e i<span class=\"_ _2\"></span>l <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>contabile) <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>inclusi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico nell\u2019anno della sud<span class=\"_ _2\"></span>detta eli<span class=\"_ _1\"></span>minaz<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-332-3": {
   "value": "12. D<span class=\"_ _1\"></span>irit<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>d\u2019uso <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>beni <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>leas<span class=\"_ _2\"></span>ing<span class=\"_ _2\"></span> e<span class=\"_ _1\"></span> passi<span class=\"_ _2\"></span>vit<span class=\"_ _1\"></span>\u00e0 per<span class=\"_ _1\"></span> contr<span class=\"_ _2\"></span>att<span class=\"_ _1\"></span>i di<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>oc<span class=\"_ _1\"></span>azione<span class=\"_ _2\"></span> Il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>detiene <span class=\"_ _7\"></span>immobili, <span class=\"_ _7\"></span>impianti <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>macchinari <span class=\"_ _7\"></span>(prevalentemente <span class=\"_ _14\"></span>immobili <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>auto <span class=\"_ _8\"></span>aziendali <span class=\"_ _7\"></span><span class=\"ls4\">ad</span> <span class=\"_ _7\"></span>uso <span class=\"_ _7\"></span>dei dipendenti) <span class=\"_ _16\"></span>utilizzati <span class=\"_ _1\"></span>nello <span class=\"_ _1\"></span>svolgimento <span class=\"_ _16\"></span>della <span class=\"_ _1\"></span>propria <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _16\"></span>aziendale, <span class=\"_ _1\"></span>attraverso <span class=\"_ _1\"></span>contratti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>leasing. <span class=\"_ _1\"></span>Alla <span class=\"_ _1\"></span>data di in<span class=\"_ _2\"></span>izio <span class=\"_ _2\"></span>del leas<span class=\"_ _2\"></span>ing s<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> dete<span class=\"_ _2\"></span>rmina <span class=\"_ _2\"></span>se i<span class=\"_ _2\"></span>l cont<span class=\"_ _2\"></span>ratto \u00e8, <span class=\"_ _1\"></span>o contiene, <span class=\"_ _1\"></span>un leasing. Tal<span class=\"_ _2\"></span>e def<span class=\"_ _2\"></span>inizione <span class=\"_ _1\"></span>\u00e8 soddisfatta <span class=\"_ _1\"></span>quando il <span class=\"_ _14\"></span>contratto <span class=\"_ _6\"></span>trasferisce <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>diritto<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>controllare <span class=\"_ _6\"></span>l\u2019utilizzo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>un\u2019attivit\u00e0 <span class=\"_ _14\"></span>sottostante <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>un <span class=\"_ _14\"></span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>tempo <span class=\"_ _14\"></span>in cambio di un c<span class=\"_ _2\"></span>orr<span class=\"_ _1\"></span>ispet<span class=\"_ _1\"></span>tivo.<span class=\"_ _1\"></span> Alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>decorrenza <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>contratto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>easing <span class=\"_ _16\"></span>si <span class=\"_ _2\"></span>rileva <span class=\"_ _16\"></span>un\u2019attivit\u00e0 c<span class=\"_ _2\"></span>onsistente <span class=\"_ _16\"></span>nel <span class=\"_ _1\"></span>diritto <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>utilizzo <span class=\"_ _16\"></span>dell\u2019attivit\u00e0 sottostante (Dir<span class=\"_ _2\"></span>itto d\u2019uso) e una pa<span class=\"_ _2\"></span>ssivit\u00e0 del lea<span class=\"_ _2\"></span>sing.<span class=\"ff21\"> </span>Il <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span>ritto <span class=\"_ _6\"></span>d\u2019uso <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _6\"></span>valutato <span class=\"_ _14\"></span>inizialme<span class=\"_ _2\"></span>nte <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>costo, <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>comprende <span class=\"_ _6\"></span>l\u2019importo <span class=\"_ _14\"></span>iniziale <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>passivit\u00e0<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>leasing </span>rettificato per <span class=\"_ _2\"></span>i pagamenti g<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>\u00e0 corrisposti al<span class=\"_ _2\"></span>la data di <span class=\"_ _2\"></span>decorrenza <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> ne<span class=\"_ _2\"></span>tto<span class=\"_ _2\"></span> degli ince<span class=\"_ _2\"></span>ntivi <span class=\"ls7\">di</span> le<span class=\"_ _2\"></span>asing <span class=\"_ _2\"></span>ricevuti, <span class=\"_ _1\"></span>pi\u00f9 </span></span>gli <span class=\"_ _1\"></span>eventuali <span class=\"_ _16\"></span>costi <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span><span class=\"ls6\">lo<span class=\"ls0\"> <span class=\"_ _1\"></span>smantellamento, <span class=\"_ _16\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ff24\">rimozione, <span class=\"_ _2\"></span>il riprist<span class=\"_ _2\"></span>ino dell\u2019att<span class=\"_ _2\"></span>ivit\u00e0 sott<span class=\"_ _2\"></span>ostante. I <span class=\"_ _2\"></span>Diritti <span class=\"_ _2\"></span>d\u2019uso son<span class=\"_ _2\"></span>o </span></span></span></span></span>successivamente <span class=\"_ _6\"></span>ammortizzat<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>quote <span class=\"_ _14\"></span>costanti <span class=\"_ _6\"></span>sul <span class=\"_ _14\"></span>periodo <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _14\"></span>breve <span class=\"_ _6\"></span>fra <span class=\"_ _14\"></span>la <span class=\"_ _14\"></span>durata <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>leasing <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>la <span class=\"_ _6\"></span>vita <span class=\"_ _14\"></span>utile stimata delle at<span class=\"_ _2\"></span>tivit\u00e0 consistent<span class=\"_ _2\"></span>i nel diritto di ut<span class=\"_ _2\"></span>ilizzo. La <span class=\"_ _11\"> </span>passivit\u00e0 <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>l<span class=\"_ _3\"></span>easing <span class=\"_ _11\"> </span>\u00e8 <span class=\"_ _11\"> </span>inizialmente <span class=\"_ _11\"> </span>valutata <span class=\"_ _11\"> </span><span class=\"ls4\">al</span> <span class=\"_ _11\"> </span>valore <span class=\"_ _11\"> </span>attuale <span class=\"_ _11\"> </span>dei <span class=\"_ _11\"> </span>pagamenti <span class=\"_\"> </span>do<span class=\"_ _2\"></span>vuti <span class=\"_ _11\"> </span>per <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>l<span class=\"_ _3\"></span>easing <span class=\"_ _7\"></span>da corrispondere <span class=\"_ _5\"> </span>lungo <span class=\"_ _5\"> </span>la <span class=\"_ _5\"> </span>durata <span class=\"_ _5\"> </span>del <span class=\"_ _17\"> </span>leasing. <span class=\"_ _5\"> </span>Tali <span class=\"_ _5\"> </span>pagamenti <span class=\"_ _5\"> </span>sono <span class=\"_ _5\"> </span>attualizzati <span class=\"_ _5\"> </span>utilizzando <span class=\"_ _5\"> </span>un <span class=\"_ _5\"> </span>tasso <span class=\"_ _5\"> </span>di indebitamento <span class=\"_ _15\"> </span>incrementale <span class=\"_ _15\"> </span>coerente <span class=\"_ _15\"> </span>con <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>maturity <span class=\"_ _15\"> </span>dei <span class=\"_ _12\"> </span>contratti <span class=\"_ _15\"> </span>sottostanti <span class=\"_ _12\"> </span>quando <span class=\"_ _15\"> </span><span class=\"ls17\">il</span> <span class=\"_ _15\"> </span>t<span class=\"_ _3\"></span>asso <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>interesse implicito <span class=\"_ _15\"></span>del <span class=\"_ _8\"></span>leasing <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _15\"> </span>facilmente <span class=\"_ _15\"> </span>determinabile<span class=\"_ _2\"></span>. <span class=\"_ _15\"> </span>I <span class=\"_ _12\"> </span>pagamenti <span class=\"_ _15\"> </span>variabili <span class=\"_ _15\"> </span>dovuti <span class=\"_ _12\"> </span>per <span class=\"_ _15\"></span>il <span class=\"_ _15\"> </span>leasing <span class=\"_ _15\"> </span>che <span class=\"_ _12\"> </span>non dipendono <span class=\"_ _7\"></span>da <span class=\"_ _7\"> </span>un <span class=\"_ _8\"> </span>indice <span class=\"_ _7\"></span>o <span class=\"_ _7\"> </span>da <span class=\"_ _7\"> </span>un <span class=\"_ _8\"> </span>tasso <span class=\"_ _7\"> </span>sono <span class=\"_ _8\"> </span>rilevati <span class=\"_ _7\"></span>come <span class=\"_ _7\"> </span>costi <span class=\"_ _7\"> </span>nel <span class=\"_ _8\"> </span>periodo <span class=\"_ _7\"></span>in <span class=\"_ _7\"> </span>cui <span class=\"_ _7\"> </span>si<span class=\"_ _3\"></span> <span class=\"_ _7\"> </span>verifica <span class=\"_ _7\"> </span>l\u2019evento <span class=\"_ _7\"> </span>o <span class=\"_ _7\"> </span>l<span class=\"_ _3\"></span>a circostanza che fa <span class=\"_ _15\"> </span>scattare i pag<span class=\"_ _2\"></span>amenti. Dopo la d<span class=\"_ _2\"></span>ata di decor<span class=\"_ _2\"></span>renza, la passivit\u00e0 del leas<span class=\"_ _2\"></span>ing \u00e8 valutata al <span class=\"_ _2\"></span>costo ammortizzato u<span class=\"_ _2\"></span>sando il metodo de<span class=\"_ _2\"></span>l tasso di intere<span class=\"_ _2\"></span>sse effettivo e <span class=\"_ _2\"></span>rideterminata al<span class=\"_ _2\"></span> verificarsi d<span class=\"_ _2\"></span>i taluni eventi. L\u2019identificazion<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>contratto di<span class=\"_ _3\"></span> l<span class=\"_ _3\"></span>easing (lease <span class=\"_ _3\"></span>term) <span class=\"_ _3\"></span>corrisponde al<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>annullabile del contratto <span class=\"_ _12\"> </span>(non <span class=\"_ _11\"> </span>cancellable<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>period), <span class=\"_ _12\"> </span>unitamente <span class=\"_ _12\"> </span>ai <span class=\"_ _11\"> </span>periodi <span class=\"_ _11\"> </span>coperti <span class=\"_ _12\"> </span>da <span class=\"_ _12\"> </span>un\u2019<span class=\"_ _3\"></span>opzion<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>rinnovo <span class=\"_ _15\"> </span>o <span class=\"_ _15\"> </span>risoluzione anticipata <span class=\"_ _1\"></span>del con<span class=\"_ _2\"></span>tratto, <span class=\"_ _1\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>cui <span class=\"_ _1\"></span>esercizio, <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>cui<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ls4a\">si<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff24\">detiene il con<span class=\"_ _2\"></span>trollo, \u00e8 cons<span class=\"_ _2\"></span>iderato \u201crag<span class=\"_ _2\"></span>ionevolmente cer<span class=\"_ _2\"></span>to\u201d.<span class=\"ff21\"> </span></span></span></span></span></span>Il<span class=\"ls0\"> <span class=\"_ _16\"></span>Gruppo <span class=\"_ _16\"></span>applica <span class=\"_ _16\"></span><span class=\"ff24\">l\u2019eccezione<span class=\"ff21\"> <span class=\"_ _16\"></span>alla <span class=\"_ _0\"></span>rilevazione <span class=\"_ _16\"></span>prevista <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>leasing <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>breve <span class=\"_ _16\"></span>termine <span class=\"_ _16\"></span><span class=\"ls4\">ai<span class=\"ls0\"> <span class=\"_ _16\"></span>propri <span class=\"_ _16\"></span>contratti <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>durat<span class=\"_ _2\"></span>a </span></span></span></span></span>uguale o <span class=\"_ _2\"></span><span class=\"ff24\">inferiore <span class=\"_ _1\"></span>a 12 mesi <span class=\"_ _1\"></span>dalla data di d<span class=\"_ _1\"></span>ecorrenza. Applica, <span class=\"_ _1\"></span>inoltre, l\u2019eccezion<span class=\"_ _2\"></span>e<span class=\"ff21\"> <span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _1\"></span>rilevazione <span class=\"_ _1\"></span>prevista <span class=\"_ _1\"></span>per </span></span>i <span class=\"_ _1\"></span>leasing <span class=\"_ _16\"></span>nei <span class=\"_ _16\"></span>quali <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019attivit\u00e0<span class=\"ff21\"> <span class=\"_ _1\"></span>sottostante <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff24\">\u201cmodesto <span class=\"_ _1\"></span>valore\u201d<span class=\"ff21\"> <span class=\"_ _3\"></span>e <span class=\"ls6\">il</span> cui importo <span class=\"_ _3\"></span>\u00e8 stimato come <span class=\"_ _3\"></span>non significativo.<span class=\"_ _2\"></span> </span></span></span></span></span></span>I <span class=\"_ _3\"></span>pagamenti <span class=\"_ _3\"></span>dovuti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>leasing a bre<span class=\"_ _2\"></span>ve ter<span class=\"_ _2\"></span>mine e per <span class=\"_ _1\"></span>i leasing in cu<span class=\"_ _2\"></span>i l\u2019attivi<span class=\"_ _2\"></span>t\u00e0 sott<span class=\"_ _2\"></span>ostante \u00e8 d<span class=\"_ _2\"></span>i modes<span class=\"_ _2\"></span>to valore sono rilevati co<span class=\"_ _2\"></span>me costo a quote <span class=\"_ _2\"></span>costanti per la d<span class=\"_ _2\"></span>urata del lea<span class=\"_ _2\"></span>sing. Una <span class=\"_ _12\"> </span>modifica <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>contratto <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>affitto <span class=\"_ _12\"> </span>si <span class=\"_ _11\"> </span>verifica <span class=\"_ _12\"> </span>quando <span class=\"_ _12\"> </span>c\u2019\u00e8 <span class=\"_ _12\"> </span>una <span class=\"_ _11\"> </span>variazione <span class=\"_ _12\"> </span>dell\u2019oggetto <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>contratto<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _8\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> </span>locazione, <span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>pagamenti <span class=\"_ _3\"></span>relativi <span class=\"_ _6\"></span><span class=\"ls3\">al</span> <span class=\"_ _6\"></span>contratto <span class=\"_ _3\"></span><span class=\"ff24\">d\u2019affitto,</span> <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>faceva <span class=\"_ _6\"></span>parte <span class=\"_ _3\"></span>dei <span class=\"_ _7\"></span>termini <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>delle <span class=\"_ _14\"></span>condizioni originali <span class=\"_ _8\"> </span>del <span class=\"_ _15\"> </span>contratto <span class=\"_ _15\"> </span>d\u2019affitto. <span class=\"_ _15\"> </span>In <span class=\"_ _15\"> </span>questo <span class=\"_ _8\"> </span>caso, <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>diritto <span class=\"_ _15\"> </span>d\u2019uso <span class=\"_ _8\"> </span>e <span class=\"_ _12\"> </span>il <span class=\"_ _15\"> </span>debito <span class=\"_ _8\"> </span>per <span class=\"_ _15\"> </span>contratti <span class=\"_ _15\"> </span>d\u2019affitto <span class=\"_ _8\"> </span>vengono aggiornati di conse<span class=\"_ _2\"></span>guenza. Le<span class=\"ls0\"> c<span class=\"_ _2\"></span>omp<span class=\"_ _1\"></span>onent<span class=\"_ _1\"></span>i d<span class=\"_ _2\"></span>ei<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>con<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>att<span class=\"_ _1\"></span>i o<span class=\"_ _1\"></span> i <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> s<span class=\"_ _1\"></span>tessi<span class=\"_ _1\"></span> <span class=\"ls17\">la</span> <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>loc<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span>e \u00e8 <span class=\"_ _1\"></span>rico<span class=\"_ _1\"></span>nduc<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>ile<span class=\"_ _1\"></span> <span class=\"ls3\">ad</span> <span class=\"_ _2\"></span><span class=\"ls7\">un<span class=\"ls0\"> <span class=\"_ _1\"></span>contr<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>di servizi o <span class=\"_ _2\"></span>ad una </span></span></span>concessione di lic<span class=\"_ _2\"></span>enza, sono stati esc<span class=\"_ _2\"></span>lusi dall\u2019amb<span class=\"_ _2\"></span>ito di appli<span class=\"_ _2\"></span>cazione dell\u2019IFRS 16<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span><span class=\"ff21\"> </span>Sono <span class=\"_ _7\"></span>stati <span class=\"_ _8\"></span>identificati <span class=\"_ _7\"></span>contratti <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>sublocazion<span class=\"_ _2\"></span>e <span class=\"_ _8\"></span>riconducibili <span class=\"_ _7\"></span>agli <span class=\"_ _7\"></span>immobili <span class=\"_ _8\"></span><span class=\"ls6\">in</span> <span class=\"_ _7\"></span>uso. <span class=\"_ _8\"></span><span class=\"ls8\">Il</span> <span class=\"_ _8\"></span>Gruppo <span class=\"_ _15\"></span>in <span class=\"_ _15\"> </span>qualit\u00e0 <span class=\"_ _8\"></span>di locatore a terzi <span class=\"_ _2\"></span>di spazi immob<span class=\"_ _2\"></span>iliari ha ident<span class=\"_ _2\"></span>ificato detti cont<span class=\"_ _2\"></span>ratti come leasin<span class=\"_ _2\"></span>g oper<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>vo.<span class=\"_ _1\"></span> Gli <span class=\"_ _8\"></span>investimenti <span class=\"_ _8\"></span>immobilia<span class=\"_ _2\"></span>ri <span class=\"_ _8\"></span>detenuti <span class=\"_ _8\"></span>per <span class=\"_ _15\"></span>percepire <span class=\"_ _8\"></span>canoni <span class=\"_ _8\"></span><span class=\"ls7\">di</span> <span class=\"_ _15\"> </span>locazione,<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>per <span class=\"_ _15\"></span>l\u2019apprezza<span class=\"_ _2\"></span>mento <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>capitale investito <span class=\"_ _14\"></span>o <span class=\"_ _7\"></span>per <span class=\"_ _14\"></span>entrambe <span class=\"_ _14\"></span><span class=\"ls17\">le</span> <span class=\"_ _7\"></span>motivazioni, <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>iscritti <span class=\"_ _14\"></span><span class=\"ls4\">al</span> <span class=\"_ _7\"></span>costo, <span class=\"_ _7\"></span>compren<span class=\"_ _2\"></span>sivo <span class=\"_ _14\"></span>degli <span class=\"_ _7\"></span>oneri <span class=\"_ _8\"></span>accessori <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>diretta imputazione e, ad eccezion<span class=\"_ _2\"></span>e della componente relativa ai terreni, sono <span class=\"_ _2\"></span>sistematic<span class=\"_ _2\"></span>amente <span class=\"_ _1\"></span>ammortizzati <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quote costanti <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>singolo <span class=\"_ _1\"></span>periodo <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>della vita utile stimata. </span></span>I <span class=\"_ _1\"></span>costi<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>sostenuti <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>migliorie <span class=\"_ _2\"></span>vengono <span class=\"_ _1\"></span>imputati <span class=\"_ _1\"></span>ad incr<span class=\"_ _2\"></span>emento <span class=\"_ _1\"></span>dei beni <span class=\"_ _1\"></span>interessati <span class=\"_ _1\"></span>solo se <span class=\"_ _1\"></span>sono <span class=\"_ _0\"></span>attendibilmente stimabili <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>potranno <span class=\"_ _16\"></span>essere <span class=\"_ _1\"></span>recuperati <span class=\"_ _16\"></span>tramite <span class=\"_ _16\"></span>futuri <span class=\"_ _16\"></span>benefici <span class=\"_ _16\"></span>economici attesi ad ess<span class=\"_ _2\"></span>i associabili. 23. Pa<span class=\"_ _2\"></span>ssi<span class=\"_ _2\"></span>vit<span class=\"_ _2\"></span>\u00e0 p<span class=\"_ _2\"></span>er c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>tti d<span class=\"_ _2\"></span>i l<span class=\"_ _2\"></span>oc<span class=\"_ _2\"></span>azi<span class=\"_ _2\"></span>one Rappresentano <span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>attuale <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>pagamenti <span class=\"_ _3\"></span>dovuti per<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls6\">il</span> <span class=\"_ _3\"></span>leasing (aventi <span class=\"_ _6\"></span>dura<span class=\"_ _2\"></span>ta <span class=\"_ _3\"></span>superiore <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>dodici <span class=\"_ _3\"></span>mesi <span class=\"_ _6\"></span>ed<span class=\"_ _2\"></span> un importo non d<span class=\"_ _2\"></span>i modesto valo<span class=\"_ _2\"></span>re), valutati a<span class=\"_ _2\"></span>lla data di deco<span class=\"_ _2\"></span>rrenza del con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ratto e non anc<span class=\"_ _2\"></span>ora versati al<span class=\"_ _2\"></span>la data di bilancio. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-374-3": {
   "value": "13. I<span class=\"_ _1\"></span>nvest<span class=\"_ _1\"></span>iment<span class=\"_ _1\"></span>i immo<span class=\"_ _2\"></span>bil<span class=\"_ _2\"></span>iar<span class=\"_ _1\"></span>i Gli <span class=\"_ _1\"></span>investimenti <span class=\"_ _1\"></span>immobiliari <span class=\"_ _1\"></span>vengono <span class=\"_ _1\"></span>periodicamente <span class=\"_ _1\"></span>valutati <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>identificare <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>perdite <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>come descritto nel paragr<span class=\"_ _2\"></span>afo succ<span class=\"_ _2\"></span>essivo. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-377-3": {
   "value": "14. A<span class=\"_ _1\"></span>ttiv<span class=\"_ _1\"></span>it\u00e0 im<span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>i Sono <span class=\"_ _14\"></span>iscritti <span class=\"_ _6\"></span>tra <span class=\"_ _14\"></span>le <span class=\"_ _14\"></span><span class=\"ff24\">attivit\u00e0 <span class=\"_ _14\"></span>immateriali <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>costi, <span class=\"_ _14\"></span>inclusiv<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>degli <span class=\"_ _14\"></span>oneri <span class=\"_ _6\"></span>accessori, <span class=\"_ _14\"></span>sostenuti <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>l\u2019acquisizione<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>di </span>risorse <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>ive <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>consistenza <span class=\"_\"> </span>fisic<span class=\"_ _2\"></span>a <span class=\"_\"> </span>a <span class=\"_\"> </span>co<span class=\"_ _2\"></span>ndizione <span class=\"_ _11\"> </span>che <span class=\"_\"> </span>il <span class=\"_\"> </span>loro <span class=\"_ _11\"> </span>ammontare <span class=\"_\"> </span>sia <span class=\"_ _11\"> </span>quantificabile<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _15\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _15\"> </span>bene <span class=\"_ _15\"> </span>sia chiaramente <span class=\"_ _14\"></span>identificabile <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>controllabile <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>l\u2019uso <span class=\"_ _12\"> </span>della <span class=\"_ _15\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>generer\u00e0 <span class=\"_ _15\"> </span>probabili <span class=\"_ _12\"> </span>benefici economici in <span class=\"_ _2\"></span>futuro. Non <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>capitalizzati <span class=\"_ _17\"> </span>costi <span class=\"_ _18\"> </span>pubblicitari, <span class=\"_ _18\"> </span>costi <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>impianto <span class=\"_ _18\"> </span>e <span class=\"_ _18\"> </span>ampliamento <span class=\"_ _17\"> </span>e <span class=\"_ _18\"> </span>costi<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>ricerca. <span class=\"_ _18\"> </span>Le immobilizzaz<span class=\"_ _2\"></span>ioni <span class=\"_ _16\"></span>aventi <span class=\"_ _1\"></span>vita <span class=\"_ _16\"></span>utile <span class=\"_ _1\"></span>definita <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>sistematicamente <span class=\"_ _16\"></span>ammortizzate <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>quo<span class=\"_ _3\"></span>te <span class=\"_ _1\"></span>costanti <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>singolo periodo per tener co<span class=\"_ _2\"></span>nto della res<span class=\"_ _2\"></span>idua possibili<span class=\"_ _2\"></span>t\u00e0 di utilizzazione. La <span class=\"_\"> </span>voc<span class=\"_ _2\"></span>e <span class=\"_\"> </span>\u201ca<span class=\"_ _1\"></span>vviame<span class=\"_ _1\"></span>nto\u201d<span class=\"_ _2\"></span> <span class=\"_\"> </span><span class=\"ls4a\">si</span> <span class=\"_\"> </span>rif<span class=\"_ _2\"></span>er<span class=\"_ _1\"></span>isce <span class=\"_\"> </span><span class=\"ls49\">al</span> <span class=\"_\"> </span>mag<span class=\"_ _2\"></span>gio<span class=\"_ _1\"></span>r <span class=\"_\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_\"> </span>att<span class=\"_ _2\"></span>rib<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>to <span class=\"_\"> </span>in<span class=\"_ _2\"></span> <span class=\"_\"> </span>sed<span class=\"_ _2\"></span>e <span class=\"_\"> </span><span class=\"ls1\">di</span> <span class=\"_\"> </span>pri<span class=\"_ _1\"></span>mo <span class=\"_\"> </span>con<span class=\"_ _2\"></span>sol<span class=\"_ _2\"></span>ida<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>to <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>una partecipazione <span class=\"_ _16\"></span>o <span class=\"_ _16\"></span>identificato <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>via <span class=\"_ _1\"></span>residuale <span class=\"_ _16\"></span><span class=\"ff24\">dall\u2019eccedenza<span class=\"ff21\"> <span class=\"_ _16\"></span>del <span class=\"_ _16\"></span>costo <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>acquisizione <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">delle </span></span></span></span></span></span></span></span>attivit\u00e0, passivit<span class=\"_ _2\"></span>\u00e0 e passivit\u00e0 pot<span class=\"_ _2\"></span>enziali iden<span class=\"_ _2\"></span>tificabili di alcune so<span class=\"_ _2\"></span>ciet\u00e0 contro<span class=\"_ _2\"></span>llate alla data d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> acquisizione. Gli <span class=\"_ _11\"> </span>avviamenti <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>le <span class=\"_ _11\"> </span>immobilizzazioni <span class=\"_ _12\"> </span>immateriali <span class=\"_ _12\"> </span>aventi <span class=\"_ _11\"> </span>vita <span class=\"_ _12\"> </span>util<span class=\"_ _3\"></span>e <span class=\"_ _12\"> </span>inde<span class=\"_ _3\"></span>finita <span class=\"_ _11\"> </span>non <span class=\"_ _12\"> </span>vengono <span class=\"_ _11\"> </span>sottoposti <span class=\"_ _11\"> </span>ad ammortamento,<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>bens\u00ec <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>periodiche <span class=\"_ _14\"></span>verifiche<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>dentificare <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore, <span class=\"_ _14\"></span>cos\u00ec <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>descritto nel <span class=\"_ _7\"></span>paragrafo <span class=\"_ _7\"></span>\u201cPerdite <span class=\"_ _14\"></span>di <span class=\"_ _7\"> </span>valore <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>attivit\u00e0\u201d. <span class=\"_ _14\"></span>Qualora <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi<span class=\"_ _3\"></span> <span class=\"_ _1c7\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>ca<span class=\"_ _3\"></span>ssa <span class=\"_ _14\"></span>attesi <span class=\"_ _7\"></span>attualizzati <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>permettano <span class=\"_ _14\"></span>il recupero dell\u2019inv<span class=\"_ _2\"></span>estimento ini<span class=\"_ _2\"></span>ziale, l\u2019attivi<span class=\"_ _2\"></span>t\u00e0 iscritta viene co<span class=\"_ _2\"></span>ngruamente sva<span class=\"_ _2\"></span>lutata. Il<span class=\"ls0\"> <span class=\"_ _14\"></span>maggior <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>attribuito <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _14\"></span>una <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>immateriale <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>definita, <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>scritto <span class=\"_ _3\"></span><span class=\"ls6\">in</span> <span class=\"_ _6\"></span>applicazione <span class=\"_ _8\"></span><span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019I<span class=\"_ _2\"></span>FR<span class=\"_ _2\"></span>S<span class=\"ff21\"> <span class=\"_ _6\"></span>3 <span class=\"_ _14\"></span>a </span></span></span>seg<span class=\"_ _2\"></span>uit<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span><span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019a<span class=\"_ _2\"></span>cq<span class=\"_ _2\"></span>uis<span class=\"_ _1\"></span>izion<span class=\"_ _2\"></span>e<span class=\"ff21\"> <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> </span>una<span class=\"ls0\"> <span class=\"_ _1\"></span>parte<span class=\"_ _1\"></span>cipaz<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>sede<span class=\"_ _2\"></span> <span class=\"ls1\">di</span> <span class=\"_ _2\"></span>pri<span class=\"_ _1\"></span>mo c<span class=\"_ _1\"></span>onso<span class=\"_ _1\"></span>lida<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>to,<span class=\"_ _2\"></span> viene ammortizzato se <span class=\"_ _3\"></span>riferito </span></span></span></span></span></span>ad <span class=\"_\"> </span>immobilizzazion<span class=\"_ _2\"></span>i <span class=\"_\"> </span>a <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>def<span class=\"_ _2\"></span>inita. <span class=\"_\"> </span>Qualora <span class=\"_\"> </span>il <span class=\"_\"> </span>maggio<span class=\"_ _2\"></span>r <span class=\"_\"> </span>valore <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ia <span class=\"_\"> </span>attribuito <span class=\"_\"> </span>ad <span class=\"_\"> </span>immob<span class=\"_ _2\"></span>ilizzazioni<span class=\"_ _1\"></span> immateriali a vita utile indefinita, non viene ammortizzato. Tal<span class=\"_ _2\"></span>i attivit\u00e0 sono assoggettate ad <span class=\"_ _3\"></span><span class=\"ff26\">impairment test</span>, cos\u00ec come prev<span class=\"_ _2\"></span>isto dallo IAS 36.<span class=\"_ _2\"></span> Vengono <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>seguito <span class=\"_ _1\"></span>indicati <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>periodi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ammortamento <span class=\"_ _16\"></span>adottati <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span>varie <span class=\"_ _1\"></span>voci <span class=\"_ _1\"></span>delle <span class=\"_ _16\"></span>attivit\u00e0 imm<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i:<span class=\"_ _2\"></span> Co<span class=\"_ _1\"></span>nces<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ce<span class=\"_ _3\"></span>nz<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ri<span class=\"_ _16\"></span>tti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>si<span class=\"_ _16\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1a7\"> </span>da 3 a 5 ann<span class=\"_ _1\"></span>iP<span class=\"_ _3\"></span>ro<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>ram<span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soft<span class=\"_ _2\"></span>ware<span class=\"_ _1cd\"> </span>d<span class=\"_ _2\"></span>a 3 a <span class=\"_ _3\"></span>5<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>iTestate<span class=\"_ _1ce\"> </span>d<span class=\"_ _2\"></span>a 10<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> o i<span class=\"_ _16\"></span>nd<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>ni<span class=\"_ _0\"></span>taDi<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _1cf\"> </span>sec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span> peri<span class=\"_ _16\"></span>od<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>sp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _16\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zaz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ateri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _1d0\"> </span>d<span class=\"_ _2\"></span>a 2 a <span class=\"_ _3\"></span>1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>iLe<span class=\"ls0\"> <span class=\"_ _15\"> </span>testate <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>vita <span class=\"_ _15\"> </span>utile <span class=\"_ _15\"> </span>definita <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>ammortizzate <span class=\"_ _8\"></span><span class=\"ls6\">in</span> <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>periodo <span class=\"_ _15\"> </span>tra <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>dieci <span class=\"_ _15\"> </span>anni <span class=\"_ _15\"> </span>e <span class=\"_ _12\"> </span>i <span class=\"_ _15\"></span><span class=\"ff24\">trent\u2019anni <span class=\"_ _15\"> </span>dalla</span> <span class=\"_ _f\"> </span>data </span>dell\u2019acquisto <span class=\"_ _11\"> </span><span class=\"ls6\">in</span> <span class=\"_\"> </span>funzione <span class=\"_ _11\"> </span>della <span class=\"_\"> </span>loro <span class=\"_ _11\"> </span>residua <span class=\"_\"> </span>possib<span class=\"_ _2\"></span>ilit\u00e0 <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>utilizzo. <span class=\"_\"> </span>Tale<span class=\"_ _2\"></span> <span class=\"_\"> </span>perio<span class=\"_ _2\"></span>do <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>ammortamento <span class=\"_ _7\"></span>viene<span class=\"_ _2\"></span> riesaminato <span class=\"_ _3\"></span>periodicamente<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>luce <span class=\"_ _6\"></span>dell\u2019andamento economico <span class=\"_ _3\"></span>prospettico <span class=\"_ _6\"></span>delle par<span class=\"_ _3\"></span>tecipate <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>detengono le testate. I <span class=\"_ _6\"></span>dir<span class=\"_ _3\"></span>itti <span class=\"_ _6\"></span>pl<span class=\"_ _3\"></span>uriennali <span class=\"_ _6\"></span>(di <span class=\"_ _14\"></span>durata <span class=\"_ _6\"></span>superiore <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>12 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>esi) <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>utilizzazione <span class=\"_ _6\"></span>televisiva <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>film, <span class=\"_ _14\"></span>serie, <span class=\"_ _6\"></span>telefilm, <span class=\"_ _6\"></span>cartoni animati, <span class=\"_ _7\"></span>concerti <span class=\"_ _8\"></span>classici, <span class=\"_ _7\"></span>corti, <span class=\"_ _8\"></span>documentari, <span class=\"_ _7\"></span>reportage <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>simili, <span class=\"_ _7\"></span>compresi <span class=\"_ _8\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>oneri <span class=\"_ _7\"></span>accessori <span class=\"_ _14\"></span>(doppiaggio, edizioni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>materiali), <span class=\"_ _6\"></span>e <span class=\"_ _3\"></span>ivi <span class=\"_ _6\"></span>com<span class=\"_ _3\"></span>presi <span class=\"_ _6\"></span>quelli <span class=\"_ _6\"></span>inseri<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span><span class=\"ff24\">all\u2019interno <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>produzioni, <span class=\"_ _6\"></span>acquistati <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ediante <span class=\"_ _6\"></span>contratto <span class=\"_ _14\"></span>di </span>licenza, <span class=\"_ _6\"></span>vengono <span class=\"_ _14\"></span>iscritti <span class=\"_ _6\"></span>nella <span class=\"_ _14\"></span>voce <span class=\"_ _6\"></span>\u201cdiritti <span class=\"_ _6\"></span>televisivi\u201d <span class=\"_ _6\"></span>ed <span class=\"_ _14\"></span>ammortizzati <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>quote <span class=\"_ _6\"></span>costanti <span class=\"_ _14\"></span>annuali <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>periodo della loro disponibilit\u00e0 stabilito dal contratto di<span class=\"_ _3\"></span> <span class=\"ff24\">licenza a par<span class=\"_ _3\"></span>tire dall\u2019esercizio in cui sono <span class=\"_ _3\"></span>disponibil<span class=\"_ _2\"></span>i e <span class=\"_ _3\"></span>pronti </span>per <span class=\"_ _147\"> </span>l\u2019uso. <span class=\"_ _147\"> </span>Nel <span class=\"_ _1c\"> </span>caso <span class=\"_ _147\"> </span>in <span class=\"_ _1c\"> </span>cui<span class=\"_ _3\"></span> <span class=\"_ _147\"> </span>i <span class=\"_ _147\"> </span>diritti <span class=\"_ _1c\"> </span>abbiano <span class=\"_ _147\"> </span>esaurito <span class=\"_ _1c\"> </span>i <span class=\"_ _147\"> </span>passaggi <span class=\"_ _147\"> </span>disponibili, <span class=\"_ _1c\"> </span>indipendentemen<span class=\"_ _2\"></span>te dall\u2019ammortamen<span class=\"_ _2\"></span>to<span class=\"ff21\"> <span class=\"_ _3\"></span>gi\u00e0 contabilizzato, <span class=\"_ _3\"></span><span class=\"ls6\">il</span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>residuo viene <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nteramente addebitato <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _7\"></span>nel </span>periodo <span class=\"_ _8\"> </span>in <span class=\"_ _8\"> </span>cui <span class=\"_ _8\"> </span>si <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _15\"> </span>verificato <span class=\"_ _7\"> </span>l\u2019ultimo <span class=\"_ _8\"> </span>passaggio. <span class=\"_ _8\"> </span>I <span class=\"_ _8\"> </span>diritti <span class=\"_ _8\"> </span>d\u2019uso <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>frequenze <span class=\"_ _8\"> </span>televisive <span class=\"_ _8\"> </span>sono <span class=\"_ _8\"> </span>ammortizzat<span class=\"_ _2\"></span>i secondo la loro du<span class=\"_ _2\"></span>rata. La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _2\"></span>ile <span class=\"_\"> </span><span class=\"ls3\">ed</span> <span class=\"_\"> </span><span class=\"ls6\">il</span> <span class=\"_\"> </span>cri<span class=\"_ _2\"></span>terio <span class=\"_\"> </span>di <span class=\"_\"> </span>am<span class=\"_ _2\"></span>mortamento <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ono <span class=\"_\"> </span>rivist<span class=\"_ _2\"></span>i <span class=\"_\"> </span>periodicame<span class=\"_ _2\"></span>nte <span class=\"_\"> </span>e,<span class=\"_ _2\"></span> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls34\">si</span> <span class=\"_ _11\"> </span>riscontrino <span class=\"_\"> </span>rilevanti cambiamenti rispe<span class=\"_ _2\"></span>tto alle assunzion<span class=\"_ _2\"></span>i adottate in precedenza, <span class=\"_ _2\"></span>la quota di ammort<span class=\"_ _2\"></span>amento viene rett<span class=\"_ _2\"></span>ificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff24\">\u201cprospe<span class=\"_ _2\"></span>ttico\u201d.<span class=\"ff21\"> </span></span>Sono <span class=\"_ _7\"></span>iscritti <span class=\"_ _7\"> </span>nelle <span class=\"_ _7\"></span>immobilizzazioni <span class=\"_ _14\"></span>in <span class=\"_ _8\"> </span>corso <span class=\"_ _14\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _7\"> </span>costi <span class=\"_ _7\"> </span>sostenuti <span class=\"_ _7\"> </span>per <span class=\"_ _7\"> </span>l\u2019acquisizione <span class=\"_ _14\"></span>o <span class=\"_ _8\"> </span>la <span class=\"_ _8\"> </span>produzione<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _6\"></span>interna <span class=\"_ _6\"></span><span class=\"ls7\">di</span> </span>attivit\u00e0 <span class=\"_ _16\"></span>immateriali, <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>quali <span class=\"_ _16\"></span>non <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>ancora <span class=\"_ _16\"></span>stat<span class=\"_ _3\"></span>a <span class=\"_ _16\"></span>acquisita <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _16\"></span>piena titolari<span class=\"_ _2\"></span>t\u00e0 de<span class=\"_ _2\"></span>l diritto <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>riguardant<span class=\"_ _2\"></span>i proge<span class=\"_ _2\"></span>tti </span></span></span></span>non an<span class=\"_ _1\"></span>cora completat<span class=\"_ _2\"></span>i. L<span class=\"_ _1\"></span>e immobilizza<span class=\"_ _2\"></span>zioni <span class=\"_ _1\"></span>in corso <span class=\"_ _16\"></span>rimangono <span class=\"_ _1\"></span>iscritte <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>tale <span class=\"_ _1\"></span>voce <span class=\"_ _16\"></span>f<span class=\"_ _3\"></span>ino <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _1\"></span>momento <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>loro </span></span></span></span>utilizzazione economica: da <span class=\"_ _6\"></span>tale momento sono riclas<span class=\"_ _2\"></span>sificate nelle <span class=\"_ _2\"></span>rispettive voc<span class=\"_ _2\"></span>i di competenza <span class=\"_ _2\"></span>delle attivit\u00e0 immateriali ed am<span class=\"_ _2\"></span>mortizzate. Le<span class=\"ls0\"> immobiliz<span class=\"_ _2\"></span>zazioni <span class=\"ls6\">in</span> <span class=\"_ _1\"></span>corso sono assog<span class=\"_ _2\"></span>gettate <span class=\"ls4\">ad</span> <span class=\"_ _1\"></span><span class=\"ff26\">impairment test, <span class=\"_ _2\"></span><span class=\"ff21\">cos\u00ec co<span class=\"_ _2\"></span>me previs<span class=\"_ _2\"></span>to dallo IAS 36.<span class=\"_ _2\"></span> </span></span></span>Gli <span class=\"_ _1\"></span>oneri <span class=\"_ _1\"></span>finanziari <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>capitalizzati <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>immateriali <span class=\"_ _1\"></span>acquisite <span class=\"_ _2\"></span>ove <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ichiedano <span class=\"_ _2\"></span>un rilevante periodo <span class=\"_ _2\"></span>di tempo prima d<span class=\"_ _2\"></span>i essere pron<span class=\"_ _2\"></span>te per l\u2019uso. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-423-3": {
   "value": "15. P<span class=\"_ _1\"></span>erdi<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 no<span class=\"_ _1\"></span>n fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iarie La soc<span class=\"_ _3\"></span>iet\u00e0 verifica, almeno u<span class=\"_ _3\"></span><span class=\"ff24\">na <span class=\"_ _3\"></span>volta <span class=\"_ _3\"></span>all\u2019anno, la <span class=\"_ _3\"></span>recuperabilit\u00e0 del <span class=\"_ _3\"></span>valore contabile <span class=\"_ _3\"></span>delle attivit\u00e0 i<span class=\"_ _3\"></span>mmaterial<span class=\"_ _2\"></span>i </span>a <span class=\"_ _1\"></span>vita <span class=\"_ _1\"></span>utile <span class=\"_ _1\"></span>indefinita, <span class=\"_ _16\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>immateriali <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>corso, <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>volta <span class=\"_ _7\"></span>che <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>manifestano <span class=\"_ _16\"></span>indicatori <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>potenziale riduzione <span class=\"_ _8\"></span>di <span class=\"_ _15\"> </span>valore, <span class=\"_ _8\"></span>la <span class=\"_ _15\"></span>recuperabi<span class=\"_ _2\"></span>lit\u00e0 <span class=\"_ _15\"></span>del <span class=\"_ _8\"></span>valore <span class=\"_ _8\"></span>co<span class=\"_ _3\"></span>ntabile <span class=\"_ _8\"></span>delle <span class=\"_ _15\"> </span>immobilizzazio<span class=\"_ _2\"></span>ni <span class=\"_ _8\"></span>materiali <span class=\"_ _15\"></span>e <span class=\"_ _8\"></span>delle <span class=\"_ _15\"> </span>attivit\u00e0 immateriali <span class=\"_ _2\"></span>a vi<span class=\"_ _2\"></span>ta utile<span class=\"_ _2\"></span> defi<span class=\"_ _2\"></span>nita, nonch\u00e9 <span class=\"_ _1\"></span>delle partecip<span class=\"_ _2\"></span>azioni, <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>fine d<span class=\"_ _2\"></span>i determ<span class=\"_ _2\"></span>inare se <span class=\"_ _1\"></span>tali attivit\u00e0 <span class=\"_ _2\"></span>possano <span class=\"_ _2\"></span>aver subito una <span class=\"_ _1\"></span>perdita di <span class=\"_ _1\"></span>valore. Se <span class=\"_ _2\"></span>esiste un<span class=\"_ _1\"></span>a tale evid<span class=\"_ _2\"></span>enza, <span class=\"_ _2\"></span>il va<span class=\"_ _2\"></span>lore <span class=\"_ _2\"></span>di ca<span class=\"_ _2\"></span>rico d<span class=\"_ _2\"></span>e<span class=\"ff24\">ll\u2019attivit\u00e0 viene<span class=\"_ _2\"></span> rido<span class=\"_ _2\"></span>tto a<span class=\"_ _2\"></span>l relat<span class=\"_ _2\"></span>ivo<span class=\"ff21\"> </span></span>valore <span class=\"_ _16\"></span>recuperabile. <span class=\"_ _16\"></span><span class=\"ls8\">Il<span class=\"ls0\"> <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>recuperabile <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span><span class=\"ff24\">un\u2019attivit\u00e0<span class=\"ff21\"> <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>maggiore <span class=\"_ _16\"></span><span class=\"ls6\">tra<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _16\"></span>value <span class=\"_ _2\"></span><span class=\"ff21 ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span>netto <span class=\"_ _1\"></span>dei <span class=\"_ _16\"></span>costi <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>vendita </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>ed<span class=\"ls0\"> <span class=\"ls17\">il</span> suo valore <span class=\"ff24\">d\u2019uso.</span> <span class=\"ls8\">Il</span> <span class=\"ff26\">fair value </span>\u00e8 determin<span class=\"_ _2\"></span>ato con riferimento ai <span class=\"_ _6\"></span>prezzi <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>merc<span class=\"_ _2\"></span>ato. <span class=\"_ _6\"></span>In <span class=\"_ _3\"></span>assenza <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>valori <span class=\"_ _3\"></span>di </span>mercato v<span class=\"_ _2\"></span>engono u<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ilizzati <span class=\"_ _1\"></span>metodi di s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ima e <span class=\"_ _1\"></span>modelli v<span class=\"_ _2\"></span>alutativi ba<span class=\"_ _1\"></span>sati su dati <span class=\"_ _1\"></span>comunque <span class=\"_ _2\"></span>rilevabili <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>mercato. Il <span class=\"_ _6\"></span>valore <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>definito <span class=\"_ _3\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dell\u2019attua<span class=\"_ _2\"></span>lizzazione <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cassa <span class=\"_ _3\"></span>attesi <span class=\"_ _14\"></span>dall\u2019utilizzo <span class=\"_ _6\"></span>o <span class=\"_ _3\"></span>dalla <span class=\"_ _6\"></span>vendita del bene (o da un\u2019a<span class=\"_ _2\"></span>ggregazione di <span class=\"_ _2\"></span>beni, c.d. <span class=\"ff26\">cash gen<span class=\"_ _2\"></span>erating unit<span class=\"ff21 ls8\">).<span class=\"ls0\"> </span></span></span>Quando, su<span class=\"_ _2\"></span>ccessivamente, <span class=\"_ _1\"></span>la perdita d<span class=\"_ _2\"></span>i valore <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> un\u2019a<span class=\"_ _2\"></span>ttivit\u00e0 div<span class=\"_ _2\"></span>ersa da<span class=\"_ _2\"></span>ll\u2019avviament<span class=\"_ _2\"></span>o viene <span class=\"_ _2\"></span>meno o <span class=\"_ _1\"></span>si riduce, <span class=\"_ _2\"></span>il valore <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>dell\u2019attivit\u00e0 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>incrementato <span class=\"_ _1\"></span><span class=\"ff21\">sino <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>nuova <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>del va<span class=\"_ _2\"></span>lore <span class=\"_ _1\"></span>recuperabile <span class=\"_ _1\"></span>e n<span class=\"_ _2\"></span>ei <span class=\"_ _1\"></span>limiti <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>valore<span class=\"_ _2\"></span> </span>che <span class=\"_ _3\"></span>sarebbe <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>determinato se <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>osse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>alcuna perdita <span class=\"_ _6\"></span>per riduzione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>netto degli eventuali ammor<span class=\"_ _2\"></span>tamenti. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-423-4": {
   "value": "15. P<span class=\"_ _1\"></span>erdi<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 no<span class=\"_ _1\"></span>n fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iarie La soc<span class=\"_ _3\"></span>iet\u00e0 verifica, almeno u<span class=\"_ _3\"></span><span class=\"ff24\">na <span class=\"_ _3\"></span>volta <span class=\"_ _3\"></span>all\u2019anno, la <span class=\"_ _3\"></span>recuperabilit\u00e0 del <span class=\"_ _3\"></span>valore contabile <span class=\"_ _3\"></span>delle attivit\u00e0 i<span class=\"_ _3\"></span>mmaterial<span class=\"_ _2\"></span>i </span>a <span class=\"_ _1\"></span>vita <span class=\"_ _1\"></span>utile <span class=\"_ _1\"></span>indefinita, <span class=\"_ _16\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>immateriali <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>corso, <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>volta <span class=\"_ _7\"></span>che <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>manifestano <span class=\"_ _16\"></span>indicatori <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>potenziale riduzione <span class=\"_ _8\"></span>di <span class=\"_ _15\"> </span>valore, <span class=\"_ _8\"></span>la <span class=\"_ _15\"></span>recuperabi<span class=\"_ _2\"></span>lit\u00e0 <span class=\"_ _15\"></span>del <span class=\"_ _8\"></span>valore <span class=\"_ _8\"></span>co<span class=\"_ _3\"></span>ntabile <span class=\"_ _8\"></span>delle <span class=\"_ _15\"> </span>immobilizzazio<span class=\"_ _2\"></span>ni <span class=\"_ _8\"></span>materiali <span class=\"_ _15\"></span>e <span class=\"_ _8\"></span>delle <span class=\"_ _15\"> </span>attivit\u00e0 immateriali <span class=\"_ _2\"></span>a vi<span class=\"_ _2\"></span>ta utile<span class=\"_ _2\"></span> defi<span class=\"_ _2\"></span>nita, nonch\u00e9 <span class=\"_ _1\"></span>delle partecip<span class=\"_ _2\"></span>azioni, <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>fine d<span class=\"_ _2\"></span>i determ<span class=\"_ _2\"></span>inare se <span class=\"_ _1\"></span>tali attivit\u00e0 <span class=\"_ _2\"></span>possano <span class=\"_ _2\"></span>aver subito una <span class=\"_ _1\"></span>perdita di <span class=\"_ _1\"></span>valore. Se <span class=\"_ _2\"></span>esiste un<span class=\"_ _1\"></span>a tale evid<span class=\"_ _2\"></span>enza, <span class=\"_ _2\"></span>il va<span class=\"_ _2\"></span>lore <span class=\"_ _2\"></span>di ca<span class=\"_ _2\"></span>rico d<span class=\"_ _2\"></span>e<span class=\"ff24\">ll\u2019attivit\u00e0 viene<span class=\"_ _2\"></span> rido<span class=\"_ _2\"></span>tto a<span class=\"_ _2\"></span>l relat<span class=\"_ _2\"></span>ivo<span class=\"ff21\"> </span></span>valore <span class=\"_ _16\"></span>recuperabile. <span class=\"_ _16\"></span><span class=\"ls8\">Il<span class=\"ls0\"> <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>recuperabile <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span><span class=\"ff24\">un\u2019attivit\u00e0<span class=\"ff21\"> <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>maggiore <span class=\"_ _16\"></span><span class=\"ls6\">tra<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _16\"></span>value <span class=\"_ _2\"></span><span class=\"ff21 ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span>netto <span class=\"_ _1\"></span>dei <span class=\"_ _16\"></span>costi <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>vendita </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>ed<span class=\"ls0\"> <span class=\"ls17\">il</span> suo valore <span class=\"ff24\">d\u2019uso.</span> <span class=\"ls8\">Il</span> <span class=\"ff26\">fair value </span>\u00e8 determin<span class=\"_ _2\"></span>ato con riferimento ai <span class=\"_ _6\"></span>prezzi <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>merc<span class=\"_ _2\"></span>ato. <span class=\"_ _6\"></span>In <span class=\"_ _3\"></span>assenza <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>valori <span class=\"_ _3\"></span>di </span>mercato v<span class=\"_ _2\"></span>engono u<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ilizzati <span class=\"_ _1\"></span>metodi di s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ima e <span class=\"_ _1\"></span>modelli v<span class=\"_ _2\"></span>alutativi ba<span class=\"_ _1\"></span>sati su dati <span class=\"_ _1\"></span>comunque <span class=\"_ _2\"></span>rilevabili <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>mercato. Il <span class=\"_ _6\"></span>valore <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>definito <span class=\"_ _3\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>dell\u2019attua<span class=\"_ _2\"></span>lizzazione <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>flussi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cassa <span class=\"_ _3\"></span>attesi <span class=\"_ _14\"></span>dall\u2019utilizzo <span class=\"_ _6\"></span>o <span class=\"_ _3\"></span>dalla <span class=\"_ _6\"></span>vendita del bene (o da un\u2019a<span class=\"_ _2\"></span>ggregazione di <span class=\"_ _2\"></span>beni, c.d. <span class=\"ff26\">cash gen<span class=\"_ _2\"></span>erating unit<span class=\"ff21 ls8\">).<span class=\"ls0\"> </span></span></span>Quando, su<span class=\"_ _2\"></span>ccessivamente, <span class=\"_ _1\"></span>la perdita d<span class=\"_ _2\"></span>i valore <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> un\u2019a<span class=\"_ _2\"></span>ttivit\u00e0 div<span class=\"_ _2\"></span>ersa da<span class=\"_ _2\"></span>ll\u2019avviament<span class=\"_ _2\"></span>o viene <span class=\"_ _2\"></span>meno o <span class=\"_ _1\"></span>si riduce, <span class=\"_ _2\"></span>il valore <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>dell\u2019attivit\u00e0 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>incrementato <span class=\"_ _1\"></span><span class=\"ff21\">sino <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>nuova <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>del va<span class=\"_ _2\"></span>lore <span class=\"_ _1\"></span>recuperabile <span class=\"_ _1\"></span>e n<span class=\"_ _2\"></span>ei <span class=\"_ _1\"></span>limiti <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>valore<span class=\"_ _2\"></span> </span>che <span class=\"_ _3\"></span>sarebbe <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>determinato se <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>osse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>alcuna perdita <span class=\"_ _6\"></span>per riduzione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>netto degli eventuali ammor<span class=\"_ _2\"></span>tamenti. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-438-3": {
   "value": "16. Cr<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>i e <span class=\"_ _1\"></span>altre<span class=\"_ _2\"></span> At<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _1\"></span> fina<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ie I <span class=\"_ _3\"></span>crediti,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _6\"></span>eccezione <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>crediti <span class=\"_ _6\"></span>commerciali, <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span><span class=\"ls17\">le</span> <span class=\"_ _6\"></span>altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziar<span class=\"_ _2\"></span>ie <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>inizialmente <span class=\"_ _14\"></span>rilevate <span class=\"_ _6\"></span><span class=\"ls4\">al</span> <span class=\"_ _6\"></span><span class=\"ff26\">fair </span>value<span class=\"ff21\">, <span class=\"_ _14\"></span>oltre, <span class=\"_ _14\"></span>nel <span class=\"_ _14\"></span>solo <span class=\"_ _6\"></span><span class=\"ls4\">caso</span> <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span><span class=\"ff24\">un\u2019attivit\u00e0</span> <span class=\"_ _14\"></span>finanziaria <span class=\"_ _6\"></span>classificata <span class=\"_ _14\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span></span>fair <span class=\"_ _14\"></span>value <span class=\"_ _14\"></span><span class=\"ff21\">con <span class=\"_ _8\"></span>va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>im<span class=\"_ _1\"></span>pu<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>co<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>o </span>ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> gli<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _2\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _2\"></span>or<span class=\"_ _1\"></span>i di ac<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>. I cr<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>di<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>mm<span class=\"_ _2\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>rilevazione iniziale <span class=\"_ _6\"></span>sono<span class=\"_ _2\"></span> valutati <span class=\"_ _16\"></span>al <span class=\"_ _2\"></span>prezzo <span class=\"_ _16\"></span>stabilito <span class=\"_ _1\"></span>nell\u2019operazion<span class=\"_ _2\"></span>e. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>management <span class=\"_ _1\"></span>determina <span class=\"_ _16\"></span>la <span class=\"_ _1\"></span>classificazione <span class=\"_ _1\"></span>delle <span class=\"_ _16\"></span>attivit\u00e0 <span class=\"_ _1\"></span>finanziarie secondo i criteri def<span class=\"_ _2\"></span>initi dall\u2019IFR<span class=\"_ _2\"></span>S 9 e come r<span class=\"_ _2\"></span>ichiesto dall\u2019IFR<span class=\"_ _2\"></span>S 7 al momento d<span class=\"_ _2\"></span>ella loro pri<span class=\"_ _2\"></span>ma iscrizione.<span class=\"ff21\"> </span>Successivamente <span class=\"_ _16\"></span>all\u2019iscrizione <span class=\"_ _16\"></span>iniziale, <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span><span class=\"ff21\">attivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>valutate <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>relazione <span class=\"_ _16\"></span>alla <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>oro <span class=\"_ _16\"></span>classificazione </span>all\u2019interno di un<span class=\"_ _2\"></span>a delle segu<span class=\"_ _2\"></span>enti categorie:<span class=\"ff21\"> </span><span class=\"ff21 fs2 fc0\">al <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>ammortizzato: <span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>crediti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>effettuata <span class=\"_ _3\"></span>secondo<span class=\"_ _3\"></span> <span class=\"ls17\">il</span> criterio <span class=\"_ _1\"></span>del </span>costo <span class=\"_ _6\"></span>ammortizzato, <span class=\"_ _6\"></span>rilevando <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _14\"></span>econo<span class=\"_ _2\"></span>mico <span class=\"_ _6\"></span>gli <span class=\"_ _14\"></span>interessi <span class=\"_ _3\"></span>calcolati <span class=\"_ _15\"> </span>al <span class=\"_ _8\"></span>tasso <span class=\"_ _8\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>i<span class=\"_ _3\"></span>nteresse <span class=\"_ _8\"></span>effettivo <span class=\"_ _8\"></span>ossia applicando <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>tasso <span class=\"_ _2\"></span>che <span class=\"_ _1\"></span>rende <span class=\"_ _2\"></span>nulla <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>somma <span class=\"_ _2\"></span>dei <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>attuali <span class=\"_ _1\"></span>dei f<span class=\"_ _2\"></span>lussi <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>cassa <span class=\"_ _1\"></span>netti <span class=\"_ _1\"></span>generati <span class=\"_ _2\"></span>dallo <span class=\"_ _1\"></span>strumento finanziario. <span class=\"_ _12\"> </span>Le <span class=\"_ _11\"> </span>perdite <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>i<span class=\"_ _3\"></span>scritte <span class=\"_ _a1\"> </span>a <span class=\"_ _12\"> </span>conto <span class=\"_ _11\"> </span>economico <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>manifestars<span class=\"_ _2\"></span>i <span class=\"_ _11\"> </span>di <span class=\"_ _12\"> </span>perdite <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>valore <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>quando <span class=\"_ _12\"> </span>i finanziamenti <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>contabilmente <span class=\"_ _1\"></span>eliminati. <span class=\"_ _1\"></span>I <span class=\"_ _16\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>assoggettati <span class=\"_ _16\"></span>ad <span class=\"_ _1\"></span><span class=\"ff26\">i<span class=\"_ _3\"></span>mpairment <span class=\"_ _16\"></span><span class=\"ff21\">e <span class=\"_ _2\"></span>quindi <span class=\"_ _16\"></span>iscritti </span></span>al <span class=\"_ _14\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>presumibile <span class=\"_ _6\"></span>realizzo <span class=\"_ _6\"></span>(<span class=\"ff26\">fair <span class=\"_ _14\"></span>value</span><span class=\"ls5\">),</span> <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ediante <span class=\"_ _6\"></span><span class=\"ls6\">lo</span> <span class=\"_ _6\"></span>stanziamento <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>uno <span class=\"_ _14\"></span>specifico<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>ondo <span class=\"_ _6\"></span>svalutazione portato a diretta de<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>razione del v<span class=\"_ _2\"></span>alore dell\u2019attiv<span class=\"_ _2\"></span>it\u00e0.<span class=\"ff21\"> </span>I <span class=\"_ _2\"></span>cre<span class=\"_ _2\"></span>dit<span class=\"_ _2\"></span>i v<span class=\"_ _1\"></span>engon<span class=\"_ _1\"></span>o sva<span class=\"_ _1\"></span>lutat<span class=\"_ _1\"></span>i q<span class=\"_ _2\"></span>uan<span class=\"_ _1\"></span>do es<span class=\"_ _2\"></span>ist<span class=\"_ _2\"></span>e <span class=\"ls7\">una</span> <span class=\"_ _1\"></span>indic<span class=\"_ _1\"></span>azio<span class=\"_ _2\"></span>ne<span class=\"_ _1\"></span> ogg<span class=\"_ _2\"></span>etti<span class=\"_ _2\"></span>va <span class=\"_ _1\"></span>della<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>babil<span class=\"_ _1\"></span>e in<span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>gib<span class=\"_ _1\"></span>ilit<span class=\"_ _2\"></span>\u00e0 del <span class=\"_ _6\"></span>credito <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>in base <span class=\"_ _14\"></span>all\u2019esperienza <span class=\"_ _14\"></span>storica, <span class=\"_ _14\"></span>ai <span class=\"_ _14\"></span>dati <span class=\"_ _14\"></span>statistici <span class=\"_ _14\"></span>alle <span class=\"_ _14\"></span>con<span class=\"_ _3\"></span><span class=\"ff21\">dizioni <span class=\"_ _14\"></span>correnti <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>alle <span class=\"_ _7\"></span>previsioni <span class=\"_ _14\"></span>sulle <span class=\"_ _14\"></span>condizioni <span class=\"_ _6\"></span>fut<span class=\"_ _3\"></span>ure </span>(<span class=\"ff26\">expected cred<span class=\"_ _2\"></span>it losses<span class=\"ff21 ls5\">).<span class=\"ls0\"> </span></span></span>Qualora <span class=\"_ _7\"></span>nei <span class=\"_ _8\"></span>periodi <span class=\"_ _7\"></span>successiv<span class=\"_ _2\"></span>i <span class=\"_ _8\"></span>vengano <span class=\"_ _7\"></span>meno <span class=\"_ _7\"></span>le <span class=\"_ _8\"></span>motivazioni <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>precedenti <span class=\"_ _7\"></span>svalutazioni,<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>il <span class=\"_ _8\"></span>valore <span class=\"_ _7\"></span>delle attivit\u00e0 <span class=\"_ _12\"> </span>viene <span class=\"_ _12\"> </span>ripristinato <span class=\"_ _12\"> </span>fino <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>concorrenza <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>che <span class=\"_\"> </span>sarebb<span class=\"_ _2\"></span>e <span class=\"_ _11\"> </span>derivato <span class=\"_ _15\"> </span>dall\u2019<span class=\"_ _3\"></span>applicazion<span class=\"_ _2\"></span>e <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>costo ammortizzato, <span class=\"_ _2\"></span>se non fosse sta<span class=\"_ _2\"></span>ta effettuata la s<span class=\"_ _2\"></span>valutazione. Il<span class=\"ls0\"> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>evidenzia <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>questa <span class=\"_ _16\"></span>categoria <span class=\"_ _16\"></span>pr<span class=\"_ _3\"></span>evalentemen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _16\"></span>con <span class=\"_ _1\"></span>scadenza <span class=\"_ _16\"></span>entro <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>dodici <span class=\"_ _2\"></span>mesi <span class=\"_ _0\"></span>iscritte <span class=\"_ _16\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _0\"></span>loro </span></span></span></span></span>valore <span class=\"_ _1\"></span>nominale, <span class=\"_ _1\"></span>quale <span class=\"_ _16\"></span>approssimazione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>ammortizzato. <span class=\"_ _1\"></span>Nel <span class=\"_ _1\"></span>caso in<span class=\"_ _3\"></span> cui <span class=\"ls6\">il</span> paga<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ento preveda <span class=\"_ _2\"></span>termini superiori <span class=\"_ _15\"> </span>alle <span class=\"_ _12\"> </span>normali <span class=\"_ _12\"> </span>condizioni <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>mercato <span class=\"_ _15\"> </span>e <span class=\"_ _12\"> </span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>credito <span class=\"_ _11\"> </span>non <span class=\"_ _11\"> </span>maturi <span class=\"_ _12\"> </span>i<span class=\"_ _3\"></span>nteressi, <span class=\"_ _12\"> </span>si <span class=\"_\"> </span>co<span class=\"_ _2\"></span>nsidera <span class=\"_ _11\"> </span>presente <span class=\"_ _11\"> </span>una componente <span class=\"_ _15\"> </span>finanziaria <span class=\"_ _15\"> </span>implicita <span class=\"_ _15\"> </span>nel <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>i<span class=\"_ _3\"></span>scritto, <span class=\"_ _8\"></span>che <span class=\"_ _12\"> </span>viene <span class=\"_ _12\"> </span>pertanto <span class=\"_ _15\"> </span>attualizzato, <span class=\"_ _15\"> </span>addebitando <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>conto economico il <span class=\"_ _2\"></span>relativo scont<span class=\"_ _2\"></span>o. I <span class=\"_ _3\"></span>finanziamenti <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>crediti <span class=\"_ _3\"></span>denominati <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>valuta estera <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>convertiti <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>cambio <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>fine <span class=\"_ _6\"></span>esercizio<span class=\"_ _3\"></span> e gli utili o <span class=\"ls17\">le</span> perdite <span class=\"_ _1\"></span>derivanti <span class=\"_ _1\"></span><span class=\"ff24\">dall\u2019adeguamento<span class=\"ff21\"> <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>imputati <span class=\"_ _1\"></span>a con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>econo<span class=\"_ _1\"></span>mico.<span class=\"_ _1\"></span> </span></span><span class=\"ff21 fs2 fc0 ls4\">al<span class=\"ls0\"> <span class=\"_ _7\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span></span>rilevato <span class=\"_ _7\"></span>nelle <span class=\"_ _7\"></span>altre <span class=\"_ _7\"></span>componenti <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _7\"></span>complessivo <span class=\"_ _14\"></span>(FVOCI): gli altri<span class=\"_ _2\"></span> strumenti </span></span>di <span class=\"_ _3\"></span>capitale non correnti (ex <span class=\"_ _3\"></span><span class=\"ff26\">available for <span class=\"_ _3\"></span>sale</span>) sono <span class=\"_ _3\"></span>rilevati inizialmente <span class=\"_ _11\"> </span>al costo <span class=\"_ _3\"></span>(<span class=\"ff26\">fair value <span class=\"_ _3\"></span></span>del corrispettivo iniziale <span class=\"_ _3\"></span>dato <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cambio) <span class=\"_ _3\"></span>incrementato degli <span class=\"_ _6\"></span>eventuali oneri <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>transaz<span class=\"_ _2\"></span>ione <span class=\"_ _3\"></span>direttamente attribuibili <span class=\"_ _3\"></span>agli <span class=\"_ _3\"></span>stessi. Il <span class=\"_\"> </span>Gruppo<span class=\"_ _2\"></span>, <span class=\"_\"> </span>no<span class=\"_ _2\"></span>n <span class=\"_ _11\"> </span>essendo <span class=\"_\"> </span>opera<span class=\"_ _2\"></span>tivo <span class=\"_\"> </span>n<span class=\"_ _2\"></span>el <span class=\"_\"> </span>trading <span class=\"_ _11\"> </span>azionario, <span class=\"_\"> </span>h<span class=\"_ _1\"></span>a <span class=\"_\"> </span>adottato <span class=\"_ _11\"> </span>l\u2019opzione <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_\"> </span>present<span class=\"_ _2\"></span>are <span class=\"_\"> </span>n<span class=\"_ _2\"></span>elle <span class=\"_ _11\"> </span>altre componenti <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _16\"></span>complessivo <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span>succes<span class=\"_ _2\"></span>sive <span class=\"_ _1\"></span>variazioni <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _16\"></span><span class=\"ff24\">dell\u2019investimento. <span class=\"_ _16\"></span>Pertanto </span></span>solo <span class=\"_ _7\"></span>i <span class=\"_ _8\"></span>di<span class=\"_ _3\"></span>videndi <span class=\"_ _7\"></span>sono <span class=\"_ _8\"></span>rilevati <span class=\"_ _7\"></span>a <span class=\"_ _8\"></span>conto <span class=\"_ _8\"></span>economico <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>meno<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>che <span class=\"_ _8\"></span>non <span class=\"_ _8\"></span>rappresenti<span class=\"_ _2\"></span>no <span class=\"_ _8\"></span>chiaramente <span class=\"_ _15\"> </span>un <span class=\"_ _12\"> </span>rimborso dell\u2019investimento. L<span class=\"_ _2\"></span>e variazioni di <span class=\"ff26\">fair value <span class=\"ff21\">e eventu<span class=\"_ _2\"></span>ali plusvalenze e min<span class=\"_ _2\"></span>usvalenze in fase di cession<span class=\"_ _2\"></span>e degli </span></span>altri strumenti <span class=\"_ _3\"></span>di capitale <span class=\"_ _3\"></span>non correnti sono <span class=\"_ _3\"></span>rilevati <span class=\"_\"> </span>a conto economico <span class=\"_ _3\"></span>complessivo e <span class=\"_ _3\"></span>non transitano mai <span class=\"_ _3\"></span>dal conto <span class=\"_ _1\"></span>economico. <span class=\"_ _2\"></span>Poich\u00e9 <span class=\"_ _1\"></span>tale <span class=\"_ _1\"></span>opzione <span class=\"_ _2\"></span>pu\u00f2 <span class=\"_ _1\"></span>essere <span class=\"_ _2\"></span>esercitata <span class=\"_ _1\"></span>investimento <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>investimento, <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>eccezioni in fase di prima <span class=\"_ _2\"></span>iscrizione verranno e<span class=\"_ _1\"></span>vi<span class=\"_ _3\"></span>denziate ne<span class=\"_ _2\"></span>lla nota di com<span class=\"_ _2\"></span>mento alla voce. Tutti <span class=\"_ _12\"> </span>gli <span class=\"_ _12\"> </span>investimenti <span class=\"_ _12\"> </span><span class=\"ls6\">in</span> <span class=\"_ _12\"> </span>strumenti <span class=\"_ _12\"> </span>rappresenta<span class=\"_ _2\"></span>tivi <span class=\"_ _12\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>capitale <span class=\"_ _12\"> </span>devono <span class=\"_ _12\"> </span><span class=\"ls4\">es</span>sere <span class=\"_ _11\"> </span>valutati <span class=\"_ _12\"> </span>al <span class=\"ff26\">fair value</span>. In caso di <span class=\"_ _6\"></span>titoli <span class=\"_ _3\"></span>negoziati <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>mercati <span class=\"_ _6\"></span>attivi, <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _3\"></span></span>\u00e8 <span class=\"_ _6\"></span>determin<span class=\"_ _2\"></span>ato <span class=\"_ _3\"></span>facendo <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>alla <span class=\"_ _6\"></span>quotazione <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>al termine delle negoz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>azioni del g<span class=\"_ _2\"></span>iorno di chiusu<span class=\"_ _2\"></span>ra <span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019e<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>ciz<span class=\"_ _1\"></span>io.<span class=\"_ _2\"></span><span class=\"ff21\"> </span></span>Per gli i<span class=\"_ _3\"></span>nvestimenti per i quali non es<span class=\"_ _3\"></span>iste un mercato attivo, il <span class=\"_ _6\"></span><span class=\"ff26\">fair value </span>\u00e8 <span class=\"_ _3\"></span>determinato in funzione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>prezzo di <span class=\"_ _16\"></span>transazioni <span class=\"_ _16\"></span>recenti <span class=\"_ _16\"></span>fra <span class=\"_ _16\"></span>parti <span class=\"_ _16\"></span>indipendenti <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>strumenti <span class=\"_ _0\"></span>sostanzialmente si<span class=\"_ _1\"></span>mili<span class=\"_ _2\"></span>, <span class=\"_ _16\"></span>oppur<span class=\"_ _2\"></span>e <span class=\"_ _16\"></span>utili<span class=\"_ _2\"></span>zza<span class=\"_ _2\"></span>ndo<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>tre<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>tecnic<span class=\"_ _2\"></span>h<span class=\"_ _2\"></span>e </span></span>di <span class=\"_ _8\"></span>val<span class=\"_ _2\"></span>uta<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>one<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>quali<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls3\">ad</span> <span class=\"_ _8\"></span>esem<span class=\"_ _2\"></span>pio<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>valut<span class=\"_ _1\"></span>azion<span class=\"_ _1\"></span>i <span class=\"_ _8\"></span>red<span class=\"_ _2\"></span>dit<span class=\"_ _2\"></span>ua<span class=\"_ _1\"></span>li <span class=\"_ _15\"> </span>o <span class=\"_ _12\"> </span>basate <span class=\"_ _12\"> </span>sull\u2019analisi <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>flussi <span class=\"_ _12\"> </span>finanziari <span class=\"_ _15\"> </span>attualizzati (<span class=\"ff26\">Discounted Cash Flow<span class=\"_ _1\"></span><span class=\"ff21 ls5\">).<span class=\"ls0\"> </span></span></span>Limitatamente <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>poche <span class=\"_ _6\"></span>circostanze, <span class=\"_ _3\"></span>tuttavia, <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>pu\u00f2 <span class=\"_ _6\"></span>rappresen<span class=\"_ _2\"></span>tare <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>stima <span class=\"_ _3\"></span>adeguata <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _6\"></span>value <span class=\"_ _3\"></span></span>se, per esempio, le pi\u00f9 recenti informa<span class=\"_ _2\"></span>zioni disponibili per<span class=\"_ _2\"></span> valutare il <span class=\"ff26\">fair value </span>sono insufficienti, oppure se vi \u00e8 un\u2019ampia gamma di possibili<span class=\"_ _2\"></span> val<span class=\"ff21\">utazioni del <span class=\"ff26\">fair value</span>. Il costo non \u00e8 mai la migliore stima del <span class=\"ff26\">fair value </span>per </span>gli investimen<span class=\"_ _2\"></span>ti in strumenti ra<span class=\"_ _2\"></span>ppresentativi d<span class=\"_ _2\"></span>i capitale quota<span class=\"_ _2\"></span>ti. Dal <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>operativo<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>nel <span class=\"_ _6\"></span>trading <span class=\"_ _3\"></span>azionario, <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>altri <span class=\"_ _6\"></span>strum<span class=\"_ _2\"></span>enti <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>capitale<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>non <span class=\"_ _6\"></span>corrent<span class=\"_ _3\"></span><span class=\"ls17\">i </span>sono costituiti dagli i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _2\"></span>ti i<span class=\"_ _3\"></span>n strumenti rappresentativ<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>del capitale inferiori al <span class=\"_ _3\"></span>20% nei quali il <span class=\"_ _3\"></span>Gruppo non esercita un\u2019in<span class=\"_ _2\"></span>fluenza significa<span class=\"_ _2\"></span>tiva.<span class=\"ff21\"> </span>al <span class=\"_ _12\"> </span><span class=\"ff26\">f<span class=\"_ _3\"></span>air <span class=\"_ _15\"> </span>value <span class=\"_ _12\"> </span><span class=\"ff24\">rilevato <span class=\"_ _12\"> </span>nel <span class=\"_ _15\"> </span>risultato <span class=\"_ _12\"> </span>dell\u2019esercizio <span class=\"_ _15\"> </span>(FVTPL): <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>valutazione <span class=\"_ _15\"> </span>delle <span class=\"_ _15\"> </span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _12\"> </span></span></span>finan<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ari<span class=\"_ _1\"></span>e, <span class=\"_ _8\"></span>che<span class=\"_ _2\"></span> <span class=\"_ _8\"></span><span class=\"ls49\">al</span> mom<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to <span class=\"_ _14\"></span>della<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>rile<span class=\"_ _1\"></span>vazi<span class=\"_ _2\"></span>one<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>inizia<span class=\"_ _1\"></span>le <span class=\"_ _7\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>valu<span class=\"_ _1\"></span>tate <span class=\"_ _14\"></span><span class=\"ls49\">al<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span><span class=\"ff26\">fai<span class=\"_ _2\"></span>r <span class=\"_ _7\"></span>val<span class=\"_ _2\"></span>ue <span class=\"_ _14\"></span><span class=\"ff21\">con <span class=\"_ _14\"></span>varia<span class=\"_ _1\"></span>zioni<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>imputate <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>cont<span class=\"_ _3\"></span>o <span class=\"_ _14\"></span>economico <span class=\"_ _14\"></span>\u00e8 </span></span>determinata facendo <span class=\"_ _2\"></span>riferimento <span class=\"ls4\">al</span> v<span class=\"_ _2\"></span>alore di me<span class=\"_ _2\"></span>rcato alla data <span class=\"_ _3\"></span>di <span class=\"_ _14\"></span>chiusura<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>periodo <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rilevazione; nel <span class=\"_ _11\"> </span>caso <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>strumenti <span class=\"_\"> </span>non<span class=\"_ _1\"></span> <span class=\"_\"> </span>quotati <span class=\"_ _11\"> </span>lo <span class=\"_\"> </span>s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>esso <span class=\"_ _11\"> </span>\u00e8 <span class=\"_\"> </span>dete<span class=\"_ _2\"></span>rminato <span class=\"_ _11\"> </span>attraverso <span class=\"_ _11\"> </span>tecniche <span class=\"_ _11\"> </span>finanziarie <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>valutazione generalmente <span class=\"_ _1\"></span>accettate <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>basate su <span class=\"_ _1\"></span>dati d<span class=\"_ _2\"></span>i mer<span class=\"_ _2\"></span>cato. <span class=\"_ _2\"></span>Gli <span class=\"_ _1\"></span>utili e <span class=\"_ _1\"></span>le perdi<span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span>dalla va<span class=\"_ _2\"></span>lutazione al <span class=\"_ _1\"></span><span class=\"ff26\">fair valu<span class=\"_ _2\"></span>e </span>relativi <span class=\"_ _14\"></span>alle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _14\"></span>classifi<span class=\"_ _2\"></span>cate <span class=\"_ _14\"></span><span class=\"ls6\">in</span> <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categoria <span class=\"_ _14\"></span>sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _14\"></span>economico. <span class=\"_ _6\"></span><span class=\"ls16\">Al</span> <span class=\"_ _14\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _14\"></span>2022 <span class=\"_ _14\"></span><span class=\"ls6\">il</span> Gruppo non detie<span class=\"_ _2\"></span>ne attivit\u00e0 finanz<span class=\"_ _2\"></span>iarie, che al <span class=\"_ _2\"></span>momento della <span class=\"_ _2\"></span>rilevazione <span class=\"_ _2\"></span>iniziale sono valu<span class=\"_ _2\"></span>tate al <span class=\"ff26\">f<span class=\"_ _3\"></span>air value</span>. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-497-3": {
   "value": "17. R<span class=\"_ _2\"></span>iman<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ze <span class=\"_ _1\"></span>di mag<span class=\"_ _1\"></span>azzin<span class=\"_ _2\"></span>o Le <span class=\"_ _16\"></span>rimanenze <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>valutate <span class=\"_ _0\"></span>al <span class=\"_ _1\"></span>minore <span class=\"_ _16\"></span>tra <span class=\"_ _16\"></span>il <span class=\"_ _1\"></span>costo <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>acquisto <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _16\"></span>produzione <span class=\"_ _16\"></span>comprensivo <span class=\"_ _16\"></span>degli <span class=\"_ _14\"></span>oneri <span class=\"_ _14\"></span>accesso<span class=\"_ _2\"></span>ri di <span class=\"_ _15\"> </span>diretta <span class=\"_ _12\"> </span>imputazione, <span class=\"_ _15\"> </span><span class=\"ls3\">al</span> <span class=\"_ _12\"> </span>netto <span class=\"_ _12\"> </span>degli <span class=\"_ _15\"> </span>sconti <span class=\"_ _12\"> </span>e <span class=\"_ _15\"> </span>abbuoni, <span class=\"_ _12\"> </span>calcolato co<span class=\"_ _2\"></span>n il metodo <span class=\"_ _2\"></span>del costo med<span class=\"_ _2\"></span>io ponderato,<span class=\"_ _1\"></span> ed <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>presumibile <span class=\"_ _6\"></span>realizzo <span class=\"_ _6\"></span>desumibile <span class=\"_ _6\"></span>dall\u2019andamento<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>mercato. <span class=\"_ _6\"></span>Il <span class=\"_ _14\"></span>valore <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>presumib<span class=\"_ _2\"></span>ile <span class=\"_ _6\"></span>realizzo viene calcolato tenendo conto dei prezzi di mercato, degli eventuali costi di produ<span class=\"_ _2\"></span>zione ancora da sostenere e dei <span class=\"_\"> </span>costi <span class=\"_\"> </span>diretti <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>vendita. <span class=\"_ _12\"> </span><span class=\"ls8\">Il<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>delle<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>rimanenz<span class=\"_ _2\"></span>e <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>rettificato <span class=\"_ _12\"> </span>tramite <span class=\"_ _12\"> </span><span class=\"ff24\">l\u2019iscrizione</span> <span class=\"_ _12\"> </span><span class=\"ls7\">di</span> <span class=\"_ _12\"> </span>spe<span class=\"_ _3\"></span>cifico <span class=\"_ _12\"> </span>fondo svalutazione pe<span class=\"_ _2\"></span>r tenere con<span class=\"_ _2\"></span>to di fenomeni di <span class=\"_ _2\"></span>lento rigiro e obso<span class=\"_ _2\"></span>lescenza. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-504-3": {
   "value": "18. D<span class=\"_ _1\"></span>ispon<span class=\"_ _2\"></span>ibi<span class=\"_ _2\"></span>lit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>liqu<span class=\"_ _2\"></span>ide<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>mezz<span class=\"_ _1\"></span>i eq<span class=\"_ _2\"></span>uiv<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>nti La<span class=\"ls0\"> vo<span class=\"_ _2\"></span>ce <span class=\"_ _1\"></span>comp<span class=\"_ _1\"></span>rende<span class=\"_ _1\"></span> <span class=\"ls17\">il</span> d<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>o <span class=\"ls17\">in<span class=\"_ _2\"></span><span class=\"ls0\"> ca<span class=\"_ _1\"></span>ssa,<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>epo<span class=\"_ _1\"></span>siti<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>anc<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>i a <span class=\"_ _2\"></span>vis<span class=\"_ _1\"></span>ta <span class=\"ls3\">ed<span class=\"_ _2\"></span><span class=\"ls0\"> al<span class=\"_ _1\"></span>tri <span class=\"_ _2\"></span>inv<span class=\"_ _2\"></span>es<span class=\"_ _1\"></span>timen<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>inanz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri <span class=\"_ _2\"></span>a breve termine e </span></span></span></span></span>ad elevata <span class=\"_ _3\"></span>liquidit\u00e0 che sono prontamente convertibili in <span class=\"_ _3\"></span>cassa e <span class=\"_ _3\"></span>sono soggetti ad un <span class=\"_ _3\"></span>rischio non <span class=\"_ _6\"></span>significativo di variazione di va<span class=\"_ _2\"></span>lore. Sono iscritti <span class=\"ls4\">al</span> valore no<span class=\"_ _1\"></span>min<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-509-3": {
   "value": "19. P<span class=\"_ _1\"></span>atri<span class=\"_ _1\"></span>monio <span class=\"_ _1\"></span>netto Az<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ni <span class=\"_ _2\"></span>pro<span class=\"_ _1\"></span>p<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e Sono <span class=\"_ _14\"></span>valutate <span class=\"_ _14\"></span>con <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>costo <span class=\"_ _14\"></span>storico <span class=\"_ _14\"></span>ed <span class=\"_ _14\"></span>iscritte <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>diminuzione <span class=\"_ _6\"></span>tra <span class=\"_ _7\"></span>le <span class=\"_ _14\"></span>voci <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>patrimonio <span class=\"_ _14\"></span>netto. <span class=\"_ _14\"></span>Il risultato derivant<span class=\"_ _2\"></span>e da succe<span class=\"_ _2\"></span>ssive vendite v<span class=\"_ _2\"></span>iene rilevato <span class=\"_ _2\"></span>direttamente co<span class=\"_ _2\"></span>me movime<span class=\"_ _2\"></span>nto di patrimonio netto. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-513-3": {
   "value": "Div<span class=\"_ _1\"></span>idend<span class=\"_ _2\"></span>i d<span class=\"_ _2\"></span>ist<span class=\"_ _1\"></span>ribui<span class=\"_ _2\"></span>ti I <span class=\"_\"> </span>dividend<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_\"> </span>pagab<span class=\"_ _2\"></span>ili <span class=\"_ _11\"> </span>sono <span class=\"_\"> </span>rappres<span class=\"_ _2\"></span>entati <span class=\"_\"> </span>c<span class=\"_ _2\"></span>ome <span class=\"_ _11\"> </span>movimento <span class=\"_\"> </span>di <span class=\"_\"> </span>patri<span class=\"_ _2\"></span>monio <span class=\"_\"> </span>n<span class=\"_ _2\"></span>etto <span class=\"_ _11\"> </span>nell\u2019esercizio <span class=\"_\"> </span>in <span class=\"_ _11\"> </span>cui <span class=\"_ _11\"> </span>sono approvati <span class=\"_ _16\"></span><span class=\"ff24\">dall\u2019Assemblea<span class=\"ff21\"> <span class=\"_ _16\"></span>degli <span class=\"_ _1\"></span>Azionisti <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>dal <span class=\"_ _16\"></span>Consiglio <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Amministraz<span class=\"_ _2\"></span>ione <span class=\"_ _16\"></span>nel <span class=\"_ _1\"></span>caso <span class=\"_ _2\"></span>di <span class=\"_ _16\"></span>acconto <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>dividendo </span></span>ai sensi dell\u2019art<span class=\"_ _2\"></span>icolo 2433-bis del Cod<span class=\"_ _2\"></span>ice Civile.<span class=\"_ _2\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-517-3": {
   "value": "20. B<span class=\"_ _1\"></span>enef<span class=\"_ _2\"></span>ic<span class=\"_ _2\"></span>i <span class=\"_ _16\"></span>ai <span class=\"_ _1\"></span>dipen<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>ti <span class=\"_ _16\"></span>succ<span class=\"_ _1\"></span>essiv<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>al r<span class=\"_ _1\"></span>apport<span class=\"_ _1\"></span>o di l<span class=\"_ _2\"></span>av<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>o Il <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>rattamento <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>fine <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>apporto <span class=\"_ _6\"></span>(TFR), <span class=\"_ _6\"></span>obbligato<span class=\"_ _3\"></span><span class=\"ff24\">rio <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>imprese <span class=\"_ _6\"></span>italiane <span class=\"_ _14\"></span>ai <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>nsi <span class=\"_ _6\"></span>dell\u2019art. <span class=\"_ _14\"></span>2120 <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>Codice </span>Civile, ha <span class=\"_ _3\"></span>natura <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>retribuzione <span class=\"_ _3\"></span>differita ed <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>correlato <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>durata della <span class=\"_ _3\"></span>vita<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>lavorativa <span class=\"_ _3\"></span>dei dipendenti <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"_ _3\"></span>alla retribuzione <span class=\"_ _1\"></span>percepita <span class=\"_ _1\"></span>nel periodo <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>servizio <span class=\"_ _1\"></span>prestato. I<span class=\"_ _1\"></span>l Trattamen<span class=\"_ _2\"></span>to d<span class=\"_ _2\"></span>i f<span class=\"_ _2\"></span>ine <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>apporto <span class=\"_ _1\"></span>delle soci<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _2\"></span>italiane <span class=\"_ _1\"></span>con almeno <span class=\"_ _12\"> </span>50 <span class=\"_ _12\"> </span>dipendenti <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _12\"> </span>da <span class=\"_ _12\"> </span>considerarsi <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>piano <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>benefici <span class=\"_ _7\"></span>definiti <span class=\"_ _14\"></span>esclusivamente <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span><span class=\"ls6\">le</span> <span class=\"_ _7\"></span>quote <span class=\"_ _14\"></span>m<span class=\"_ _3\"></span>aturate anteriormente <span class=\"_ _1\"></span>al 1\u00b0 <span class=\"_ _1\"></span>gennaio <span class=\"_ _2\"></span>2007 <span class=\"_ _2\"></span>(e non <span class=\"_ _1\"></span>ancora <span class=\"_ _2\"></span>liquidat<span class=\"_ _2\"></span>e al<span class=\"_ _2\"></span>la da<span class=\"_ _2\"></span>ta d<span class=\"_ _2\"></span>i bi<span class=\"_ _2\"></span>lancio), <span class=\"_ _2\"></span>mentre <span class=\"_ _1\"></span>successi<span class=\"_ _3\"></span>vamente <span class=\"_ _f\"> </span>a tale data <span class=\"_ _12\"> </span>esso <span class=\"_ _11\"> </span>\u00e8 <span class=\"_ _12\"> </span>assimilabile <span class=\"_ _12\"> </span>ad <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>pi<span class=\"_ _3\"></span>ano <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>contribuzion<span class=\"_ _1\"></span>e <span class=\"_ _11\"> </span>definita. <span class=\"_ _12\"> </span>Per <span class=\"_ _11\"> </span>le <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _12\"> </span>italiane <span class=\"_ _12\"> </span>aventi<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>meno <span class=\"_ _12\"> </span><span class=\"ls7\">di</span> <span class=\"_ _12\"> </span><span class=\"ls7\">50<span class=\"_ _3\"></span></span> dipendenti, <span class=\"ls17\">il</span> <span class=\"_ _6\"></span>Trattamen<span class=\"_ _2\"></span>to di <span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>ine rapporto <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>piano a <span class=\"_ _6\"></span>benefici<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>definiti. <span class=\"_ _3\"></span>Tutti <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>piani <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>benefici <span class=\"_ _3\"></span>definiti <span class=\"_ _3\"></span>sono attualizzati. Il <span class=\"_ _3\"></span>processo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>attualizzazione, fondato <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>ipotesi <span class=\"_ _3\"></span>demografiche e <span class=\"_ _3\"></span>finanziarie, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>affidato ad <span class=\"_ _3\"></span>attuari professionisti <span class=\"_ _14\"></span>esterni. <span class=\"_ _14\"></span>Per <span class=\"_ _14\"></span>effetto <span class=\"_ _14\"></span>dell\u2019Emendamen<span class=\"_ _2\"></span>to <span class=\"_ _14\"></span>allo <span class=\"_ _7\"></span>IAS <span class=\"_ _14\"></span>19 <span class=\"_ _7\"> </span><span class=\"ff21\">- <span class=\"_ _7\"></span><span class=\"ff26\">Benefici <span class=\"_ _14\"></span>ai <span class=\"_ _14\"></span>dipendenti <span class=\"_ _14\"></span></span><span class=\"ls6\">il</span> <span class=\"_ _14\"></span>riconoscimento </span>delle <span class=\"_ _3\"></span>componenti <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>legate <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>prestazione <span class=\"_ _3\"></span>lavorativa <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>netti <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>conto eco<span class=\"_ _2\"></span>no<span class=\"_ _2\"></span>mico<span class=\"_ _1\"></span>, ment<span class=\"_ _1\"></span>re <span class=\"ff24\">l\u2019is<span class=\"_ _1\"></span>criz<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span><span class=\"ff21\"> degl<span class=\"_ _2\"></span>i ut<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span> e per<span class=\"_ _1\"></span>dite at<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i che<span class=\"_ _2\"></span> der<span class=\"_ _2\"></span>iva<span class=\"_ _2\"></span>no<span class=\"_ _2\"></span> dal<span class=\"_ _2\"></span>la <span class=\"ls8\">ri</span>-<span class=\"_ _1\"></span>misura<span class=\"_ _1\"></span>zion<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _3\"></span>e </span></span>delle attivit\u00e0 sono <span class=\"_ _2\"></span>rilevate n<span class=\"_ _2\"></span>el prospetto di con<span class=\"_ _2\"></span>to economico co<span class=\"_ _2\"></span>mplessivo. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-530-3": {
   "value": "21. F<span class=\"_ _2\"></span>ondi<span class=\"_ _1\"></span> risc<span class=\"_ _2\"></span>hi <span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span> one<span class=\"_ _1\"></span>ri I <span class=\"_ _6\"></span>fondi <span class=\"_ _3\"></span>rischi <span class=\"_ _6\"></span><span class=\"ls4\">ed</span> <span class=\"_ _6\"></span>oneri <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _6\"></span><span class=\"ls17\">in</span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _3\"></span>quando <span class=\"_ _6\"></span><span class=\"ls6\">il</span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _6\"></span><span class=\"ls7\">ha</span> <span class=\"_ _6\"></span><span class=\"ff24\">un\u2019obbligazione</span> <span class=\"_ _3\"></span>legale <span class=\"_ _6\"></span>o <span class=\"_ _14\"></span>implicita <span class=\"_ _3\"></span>quale risultato <span class=\"_ _5\"> </span>di <span class=\"_ _4\"> </span>un <span class=\"_ _5\"> </span>evento <span class=\"_ _4\"> </span>passato <span class=\"_ _5\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _4\"> </span>\u00e8 <span class=\"_ _5\"> </span>probabile <span class=\"_ _5\"> </span>che<span class=\"_ _2\"></span> <span class=\"_ _5\"> </span>sar\u00e0 <span class=\"_ _4\"> </span>richiesto <span class=\"_ _5\"> </span>di <span class=\"_ _4\"> </span>adempiere <span class=\"_ _5\"> </span>all\u2019obbligazione. <span class=\"_ _5\"> </span>Gli accantonament<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>sul<span class=\"ff24\">la <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>della <span class=\"_ _3\"></span>miglior <span class=\"_ _3\"></span>stima <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>richiesti <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>adempiere <span class=\"_ _6\"></span>all\u2019ob<span class=\"_ _2\"></span>bligazione </span>alla data di bilanci<span class=\"_ _2\"></span>o, e sono attual<span class=\"_ _2\"></span>izzati quando <span class=\"_ _2\"></span>l\u2019effetto \u00e8 signi<span class=\"_ _2\"></span>ficativo. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-535-3": {
   "value": "22. De<span class=\"_ _2\"></span>bit<span class=\"_ _1\"></span>i ed a<span class=\"_ _1\"></span>ltre<span class=\"_ _2\"></span> pa<span class=\"_ _2\"></span>ssiv<span class=\"_ _1\"></span>it\u00e0 I <span class=\"_ _2\"></span>\u201cDebiti <span class=\"_ _1\"></span>e altre<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0\u201d <span class=\"_ _1\"></span>comprendono <span class=\"_ _1\"></span>i debiti <span class=\"_ _1\"></span>commerciali, <span class=\"_ _1\"></span>i deb<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ti<span class=\"ff21\"> finanz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ari <span class=\"_ _1\"></span>e i <span class=\"_ _1\"></span>debiti v<span class=\"_ _2\"></span>erso <span class=\"_ _2\"></span>banche <span class=\"_ _1\"></span>nonch\u00e9 </span>le altre passiv<span class=\"_ _2\"></span>it\u00e0. I <span class=\"_ _7\"></span>debiti <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>le <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>inizialmente <span class=\"_ _7\"></span>rilevati <span class=\"_ _7\"></span>al <span class=\"_ _8\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span></span>che <span class=\"_ _7\"></span>sostanzialmente <span class=\"_ _7\"></span>coincide <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>importi incassati <span class=\"_ _14\"></span>o <span class=\"_ _14\"></span>da <span class=\"_ _14\"></span>incassare <span class=\"_ _14\"></span>al <span class=\"_ _14\"></span>netto <span class=\"_ _14\"></span>dei <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>dell\u2019operazione. <span class=\"_ _14\"></span>Il <span class=\"_ _14\"></span>management <span class=\"_ _14\"></span>determin<span class=\"ff21\">a <span class=\"_ _6\"></span><span class=\"ls6\">la</span> <span class=\"_ _6\"></span>classificazione <span class=\"_ _3\"></span>delle </span>passivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>secondo <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>criteri <span class=\"_ _3\"></span>definiti <span class=\"_ _3\"></span><span class=\"ff24\">dall\u2019<span class=\"_ _3\"></span>IFRS</span> 9 <span class=\"_ _6\"></span><span class=\"ff24\">e <span class=\"_ _6\"></span>ri<span class=\"_ _3\"></span>presi <span class=\"_ _14\"></span>dall\u2019IFR<span class=\"_ _2\"></span>S <span class=\"_ _6\"></span>7 <span class=\"_ _14\"></span>al <span class=\"_ _14\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>loro <span class=\"_ _6\"></span>prima </span>iscrizione. Successivamente <span class=\"_ _16\"></span>all\u2019iscrizione <span class=\"_ _2\"></span>iniziale, <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>debiti <span class=\"_ _1\"></span>e l<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 sono <span class=\"_ _16\"></span>valutati <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>relazione <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>oro <span class=\"_ _1\"></span>clas<span class=\"_ _3\"></span><span class=\"ff21\">sificazione<span class=\"_ _2\"></span> </span>all\u2019interno di una delle cate<span class=\"_ _2\"></span>gorie, definite dall\u2019 IFR<span class=\"_ _2\"></span>S 9. In particolare, il <span class=\"ff21\">Grup<span class=\"_ _1\"></span>po <span class=\"_ _16\"></span><span class=\"ls7\">ha<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>classi<span class=\"_ _2\"></span>fic<span class=\"_ _1\"></span>ato <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>pro<span class=\"_ _2\"></span>pri<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>debiti<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>e </span></span></span>le<span class=\"ls0\"> <span class=\"_ _0\"></span>altre<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>pass<span class=\"_ _2\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _0\"></span>nella<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>cate<span class=\"_ _2\"></span>go<span class=\"_ _1\"></span>ria <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>cos<span class=\"_ _2\"></span>to <span class=\"_ _0\"></span>amm<span class=\"_ _2\"></span>or<span class=\"_ _1\"></span>tizza<span class=\"_ _1\"></span>to, <span class=\"_ _1\"></span>ad <span class=\"_ _1\"></span>eccezione <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>strumenti <span class=\"_ _1\"></span>derivati <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span>si rinv<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>a </span>al paragrafo specifico, applicando un tasso che rende nulla la somma dei <span class=\"_ _3\"></span>valori attuali dei flussi di cassa netti generati <span class=\"_ _1\"></span>dallo s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>rumento <span class=\"_ _1\"></span>finanziario. <span class=\"_ _1\"></span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>di st<span class=\"_ _2\"></span>rumenti <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>scadenza <span class=\"_ _1\"></span>entro <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>dodici <span class=\"_ _2\"></span>mesi <span class=\"_ _1\"></span>\u00e8 adott<span class=\"_ _2\"></span>ato <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>valore nominale come app<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ossimazione del cos<span class=\"_ _2\"></span>to ammortizz<span class=\"_ _2\"></span>ato. Qualora <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>contratti <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>finanziamento <span class=\"_ _16\"></span>prevedano <span class=\"_ _16\"></span>dei <span class=\"_ _16\"></span><span class=\"ff26\">covenants <span class=\"_ _16\"></span><span class=\"ff21\">e <span class=\"_ _1\"></span><span class=\"ls4a\">si<span class=\"ls0\"> <span class=\"_ _1\"></span>verifichi <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>mancato <span class=\"_ _16\"></span>rispetto degli <span class=\"_ _1\"></span>stessi, <span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>tale </span></span></span></span></span></span></span></span>situazione <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>venga <span class=\"_ _1\"></span>sanata <span class=\"_ _1\"></span>prima d<span class=\"_ _2\"></span>ella <span class=\"_ _1\"></span>chiusura <span class=\"_ _1\"></span><span class=\"ff24\">dell\u2019esercizio,<span class=\"ff21\"> <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>quota <span class=\"_ _1\"></span>a lungo termine d<span class=\"_ _2\"></span>i tale finanziament<span class=\"_ _2\"></span>o </span></span></span></span>viene classific<span class=\"_ _2\"></span>ata come deb<span class=\"_ _2\"></span>ito corrente. I <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span>denominati <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>valuta <span class=\"_ _6\"></span>estera <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>allineat<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>cambio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>fine <span class=\"_ _6\"></span>esercizio <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>utili <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>derivanti dall\u2019adeguamento <span class=\"_ _2\"></span>sono imp<span class=\"_ _2\"></span>utati a conto econo<span class=\"_ _2\"></span>mico. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-557-3": {
   "value": "24. St<span class=\"_ _1\"></span>rument<span class=\"_ _1\"></span>i fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iari d<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>iv<span class=\"_ _2\"></span>ati I <span class=\"_ _6\"></span>derivati <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>classifica<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>categoria <span class=\"_ _3\"></span>\u201cDerivati <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>copertura\u201d <span class=\"_ _3\"></span>se <span class=\"_ _6\"></span>soddisfano <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>requisiti <span class=\"_ _6\"></span>per<span class=\"ff21\"> <span class=\"_ _3\"></span></span>l\u2019applicazione<span class=\"ff21\"> </span>del c.<span class=\"_ _2\"></span>d. <span class=\"ff26\">hed<span class=\"_ _1\"></span>ge accounting<span class=\"ff21\">, <span class=\"_ _1\"></span>altrimenti, <span class=\"_ _2\"></span>pur <span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>sendo <span class=\"_ _2\"></span>effett<span class=\"_ _2\"></span>uati con <span class=\"_ _1\"></span>intento <span class=\"_ _2\"></span><span class=\"ff24\">di gestione dell\u2019e<span class=\"_ _2\"></span>sposizione al rischio, </span></span></span>sono rilevati co<span class=\"_ _2\"></span>me \u201cDerivati non d<span class=\"_ _2\"></span>i copertura\u201d.<span class=\"ff21\"> </span>Coerentemente <span class=\"_ _15\"> </span>con <span class=\"_ _12\"> </span>quanto <span class=\"_ _15\"> </span>consentito <span class=\"_ _15\"> </span>d<span class=\"_ _3\"></span>all\u2019IFRS <span class=\"_ _15\"> </span>9, <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _15\"> </span>si<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _12\"> </span>avvalso <span class=\"_ _12\"> </span>dell\u2019opzione <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>continuare <span class=\"_ _15\"> </span>ad applicare le <span class=\"_ _3\"></span>modalit\u00e0 ed <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>requisiti stabiliti <span class=\"_ _3\"></span>per l<span class=\"_ _3\"></span>\u2019<span class=\"ff26\">hedge accounting <span class=\"_ _3\"></span><span class=\"ff21\">dallo <span class=\"_ _3\"></span>IAS 39, <span class=\"_ _3\"></span>antecedentemente in <span class=\"_ _3\"></span>vigore, </span></span>e <span class=\"_\"> </span>cos\u00ec <span class=\"_\"> </span>definire <span class=\"_\"> </span>la <span class=\"_\"> </span>relazione <span class=\"_\"> </span>di <span class=\"_\"> </span>efficacia <span class=\"_\"> </span>della <span class=\"_\"> </span>copertura <span class=\"_\"> </span>relativa <span class=\"_\"> </span>allo <span class=\"_\"> </span>strumento <span class=\"_\"> </span>finanziario <span class=\"_\"> </span>derivato. <span class=\"_\"> </span>In particolare, <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>finanziari <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>contabi<span class=\"_ _2\"></span>lizzati <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>moda<span class=\"_ _2\"></span>lit\u00e0 <span class=\"_ _6\"></span>adottate <span class=\"_ _14\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>l\u2019<span class=\"_ _6\"></span><span class=\"ff26\">hedge<span class=\"_ _1\"></span> </span>accounting<span class=\"ff21\">, <span class=\"_ _14\"></span>solo <span class=\"_ _7\"></span>quando <span class=\"_ _14\"></span>la <span class=\"_ _6\"></span>relazione<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span><span class=\"ls17\">il</span> <span class=\"_ _3\"></span>derivato e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ff24\">l\u2019oggetto</span> della <span class=\"_ _3\"></span>copertura \u00e8 <span class=\"_ _3\"></span>formalmente <span class=\"_ _3\"></span>documentata e </span>l\u2019efficacia de<span class=\"_ _2\"></span>lla copertura \u00e8<span class=\"_ _2\"></span> elevata (c.d. tes<span class=\"_ _2\"></span>t di efficaci<span class=\"_ _2\"></span>a).<span class=\"ff21\"> </span>L\u2019efficacia delle operazioni di <span class=\"_ _3\"></span>copertura \u00e8 <span class=\"_ _3\"></span>documentata sia <span class=\"_ _3\"></span>all\u2019inizio dell\u2019operazione sia <span class=\"_ _3\"></span>periodicamen<span class=\"_ _2\"></span>te, <span class=\"_ _3\"></span>con cadenza trimestrale o almeno ad ogni<span class=\"_ _3\"></span> data di <span class=\"_ _3\"></span>riferimento del bilancio, ed<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _1\"></span>misurata co<span class=\"_ _2\"></span>mparando <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>variazioni </span></span>di <span class=\"_ _3\"></span><span class=\"ff26\">fair <span class=\"_ _3\"></span>value </span>dello strumento <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>copertura <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>quelle <span class=\"_ _6\"></span><span class=\"ff24\">dell<span class=\"_ _2\"></span>\u2019e<span class=\"_ _2\"></span>lem<span class=\"_ _1\"></span>ento<span class=\"ff21\"> cop<span class=\"_ _1\"></span>erto<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>(<span class=\"ff26\">dol<span class=\"_ _1\"></span>lar offse<span class=\"_ _1\"></span>t <span class=\"_ _3\"></span>metho<span class=\"_ _1\"></span>d<span class=\"ff21\">) <span class=\"_ _3\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls4e\">il</span> <span class=\"_ _3\"></span>test<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls1\">di</span> </span></span></span></span>eff<span class=\"_ _2\"></span>ica<span class=\"_ _1\"></span>cia re<span class=\"_ _1\"></span>trosp<span class=\"_ _2\"></span>et<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>o;<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls17\">la</span> me<span class=\"_ _2\"></span>tod<span class=\"_ _1\"></span>ologi<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>applicata <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls6\">lo</span> <span class=\"_ _3\"></span>svolgimento <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>test <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>efficacia <span class=\"_ _3\"></span>prospettico <span class=\"_ _3\"></span>prevede <span class=\"_ _3\"></span><span class=\"ls17\">la</span> costruzione <span class=\"_ _12\"> </span>dei <span class=\"_ _11\"> </span><span class=\"ff26\">cash <span class=\"_\"> </span>flow<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ff21\">sc<span class=\"_ _3\"></span>ontati <span class=\"_ _7\"></span>aggregata <span class=\"_ _8\"></span>per <span class=\"_ _7\"></span>anno <span class=\"_ _8\"></span>dello <span class=\"_ _8\"></span>strumento <span class=\"_ _7\"></span>coperto <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>del <span class=\"_ _8\"></span>derivato <span class=\"_ _7\"></span>designato <span class=\"_ _8\"></span>a </span></span>copertura (metodo<span class=\"_ _2\"></span> della regression<span class=\"_ _2\"></span>e). Quando <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>derivati <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>copertura <span class=\"_ _0\"></span>coprono <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>rischio <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>variazione <span class=\"_ _0\"></span>del <span class=\"_ _16\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _16\"></span><span class=\"ff21\">degli <span class=\"_ _16\"></span>strumenti <span class=\"_ _16\"></span>oggetto <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>copertura </span></span></span></span>(<span class=\"ff26\">fair value h<span class=\"_ _1\"></span>edge<span class=\"ff21 ls5\">),<span class=\"ls0\"> i der<span class=\"_ _2\"></span>ivati sono <span class=\"_ _1\"></span>rilevati <span class=\"ls4\">al</span> <span class=\"ff26\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff21\">con impu<span class=\"_ _2\"></span>tazione degli ef<span class=\"_ _2\"></span>fetti a conto econo<span class=\"_ _2\"></span>mico. </span></span></span></span></span>Quando i derivati <span class=\"_ _3\"></span>coprono i rischi di <span class=\"_ _3\"></span>variazione dei flussi <span class=\"_ _3\"></span>di cassa <span class=\"_ _3\"></span>degli strumenti oggetto <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span>copertura <span class=\"_ _14\"></span>(cash flow hedge<span class=\"ff21 ls5\">),<span class=\"ls0\"> <span class=\"ls6\">la</span> <span class=\"_ _3\"></span>parte efficace <span class=\"_ _3\"></span>delle variazioni del </span></span>f<span class=\"_ _3\"></span>air value <span class=\"ff21\">dei <span class=\"_ _3\"></span>derivati <span class=\"_ _1\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>rilevata <span class=\"_ _14\"></span><span class=\"ls6\">tra</span> <span class=\"_ _14\"></span><span class=\"ls6\">le</span> <span class=\"_ _14\"></span>componenti <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>conto </span>economico <span class=\"_\"> </span>complessivo <span class=\"_\"> </span>e <span class=\"_\"> </span>presentata <span class=\"_\"> </span>nella <span class=\"_\"> </span>riserva <span class=\"_ _6\"></span>di <span class=\"_\"> </span>copertur<span class=\"_ _2\"></span>a <span class=\"_\"> </span>dei <span class=\"_ _12\"> </span>f<span class=\"_ _3\"></span>lussi <span class=\"_ _11\"> </span>finanziari. <span class=\"_\"> </span><span class=\"ls9\">La</span> <span class=\"_ _11\"> </span>parte <span class=\"_\"> </span>inef<span class=\"_ _2\"></span>ficace delle <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span></span>dell<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>strumento <span class=\"_ _16\"></span>finanziario <span class=\"_ _1\"></span>derivato <span class=\"_ _16\"></span>viene <span class=\"_ _1\"></span>rilevata <span class=\"_ _1\"></span>immediatamente <span class=\"_ _16\"></span>nel <span class=\"_ _1\"></span>risultato d\u2019esercizio. <span class=\"_ _16\"></span>Qualora <span class=\"_ _16\"></span>lo <span class=\"_ _1\"></span><span class=\"ff21\">strumento <span class=\"_ _1\"></span>derivato <span class=\"_ _16\"></span>sia <span class=\"_ _1\"></span>ceduto <span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>qualifichi <span class=\"_ _16\"></span>pi\u00f9 <span class=\"_ _1\"></span>come <span class=\"_ _16\"></span>efficace <span class=\"_ _1\"></span>copertura <span class=\"_ _14\"></span>dal <span class=\"_ _1\"></span>rischio </span>a <span class=\"_ _12\"> </span>fronte <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>quale <span class=\"_ _12\"> </span>l\u2019operazione <span class=\"_ _12\"> </span>era <span class=\"_ _15\"> </span>st<span class=\"_ _3\"></span>ata <span class=\"_ _12\"> </span>accesa, <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>verificarsi <span class=\"_ _12\"> </span>della <span class=\"_ _12\"> </span>operazione <span class=\"_ _15\"> </span>sottostante <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>sia <span class=\"_ _12\"> </span>pi\u00f9 considerata <span class=\"_ _3\"></span>altamente <span class=\"_ _6\"></span>probabile, <span class=\"_ _6\"></span>la <span class=\"_ _3\"></span>quota <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>riserva <span class=\"_ _3\"></span>da <span class=\"_ _14\"></span><span class=\"ff26\">cash <span class=\"_ _6\"></span>flow <span class=\"_ _6\"></span>hedge <span class=\"_ _6\"></span></span>a <span class=\"_ _6\"></span>esso <span class=\"_ _3\"></span>relativa <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>immediatamente riversata a conto <span class=\"_ _2\"></span>economic<span class=\"_ _2\"></span>o. Indipendentemente <span class=\"_ _14\"></span>dal <span class=\"_ _14\"></span>tipo <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>classificazione <span class=\"_ _14\"></span>gli <span class=\"_ _14\"></span>strumenti <span class=\"_ _14\"></span>derivati <span class=\"_ _14\"></span>sono <span class=\"_ _7\"></span>valutati <span class=\"_ _14\"></span>al <span class=\"_ _8\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value</span>, <span class=\"_ _14\"></span>determinato<span class=\"_ _1\"></span> mediante <span class=\"_ _15\"></span>tecniche <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>valutazione <span class=\"_ _15\"> </span>basate <span class=\"_ _15\"> </span>su <span class=\"_ _15\"> </span>dati <span class=\"_ _15\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>mercato, <span class=\"_ _15\"> </span>quali, <span class=\"_ _15\"> </span>fra <span class=\"_ _15\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>altre, <span class=\"_ _7\"></span><span class=\"ls6\">il</span> <span class=\"_ _14\"></span><span class=\"ff26\">discounted <span class=\"_ _14\"></span>cash <span class=\"_ _14\"></span>flow</span>, <span class=\"_ _14\"></span><span class=\"ls17\">la</span> metodologia <span class=\"_ _16\"></span>dei <span class=\"_ _1\"></span>tassi <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>cambio <span class=\"_ _16\"></span><span class=\"ff26\">f<span class=\"_ _3\"></span>orward<span class=\"ff21\">, <span class=\"_ _16\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _16\"></span>formula <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>Black- Scholes e sue ev<span class=\"_ _2\"></span>oluzioni). </span></span></span></span></span></span></span></span>In<span class=\"ls0\"> <span class=\"_ _14\"></span>par<span class=\"_ _2\"></span>tic<span class=\"_ _2\"></span>ola<span class=\"_ _2\"></span>re,<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>tale <span class=\"_ _6\"></span>val<span class=\"_ _2\"></span>ore<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>de<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>min<span class=\"_ _1\"></span>ato <span class=\"_ _6\"></span>avva<span class=\"_ _2\"></span>len<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span> <span class=\"_ _14\"></span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span>appo<span class=\"_ _2\"></span>sit<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>stru<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _14\"></span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span><span class=\"ff26\">pric<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>g <span class=\"_ _6\"></span><span class=\"ff21\">alime<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>ati <span class=\"_ _14\"></span>sulla <span class=\"_ _14\"></span>base <span class=\"_ _14\"></span>dei </span></span></span>parametri <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>mercato <span class=\"_ _3\"></span>(i.e. <span class=\"_ _6\"></span>tassi <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>interesse, <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>cambio <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>volatilit\u00e0), <span class=\"_ _3\"></span>rilevati <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>singole <span class=\"_ _6\"></span>date <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>e confrontati con quan<span class=\"_ _2\"></span>to comunicato d<span class=\"_ _2\"></span>alle contropart<span class=\"_ _2\"></span>i. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-589-2": {
   "value": "25. U<span class=\"_ _1\"></span>tili<span class=\"_ _2\"></span>zzo<span class=\"_ _2\"></span> di<span class=\"_ _1\"></span> stim<span class=\"_ _2\"></span>e La<span class=\"ls0\"> <span class=\"_ _6\"></span>redazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>bilancio <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>relative <span class=\"_ _6\"></span>note <span class=\"_ _6\"></span>esplicative <span class=\"_ _3\"></span><span class=\"ls17\">in<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>applicazione <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>IFRS <span class=\"_ _3\"></span>richiede <span class=\"_ _8\"></span>da <span class=\"_ _14\"></span>parte <span class=\"_ _6\"></span>della </span>Societ\u00e0 <span class=\"ls6\">il</span> ricorso a stime e assunzioni che hanno effetto sui valori delle attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>delle <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>bilancio <span class=\"_ _14\"></span>e sull\u2019informativa <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>elativa <span class=\"_ _16\"></span>ad <span class=\"_ _16\"></span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _16\"></span>potenziali <span class=\"_ _16\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _16\"></span>di <span class=\"ff21\">bil<span class=\"_ _2\"></span>ancio. <span class=\"_ _16\"></span>Le <span class=\"_ _1\"></span>stime <span class=\"_ _1\"></span>e <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span>assunzioni <span class=\"_ _1\"></span>utilizzate<span class=\"_ _2\"></span> </span>sono basate sull\u2019esperienza e su <span class=\"_ _3\"></span>altri fattori considerati rilevanti. I risultati che si<span class=\"_ _3\"></span> consuntiveranno potrebbero<span class=\"_ _1\"></span> pertanto <span class=\"_ _1\"></span>differire <span class=\"_ _2\"></span>da <span class=\"_ _1\"></span>tali <span class=\"_ _1\"></span>stime. Le <span class=\"_ _16\"></span>stime <span class=\"_ _2\"></span>riguardano <span class=\"_ _1\"></span>principalmente <span class=\"_ _1\"></span>gli <span class=\"_ _2\"></span>accanton<span class=\"_ _2\"></span>amenti <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>risc<span class=\"_ _3\"></span>hi <span class=\"_ _1\"></span>su c<span class=\"_ _2\"></span>rediti, <span class=\"_ _1\"></span>per obsolescenza <span class=\"_ _f\"> </span>magazzino, <span class=\"_ _10\"> </span>per <span class=\"_ _f\"> </span>r<span class=\"_ _3\"></span>ese <span class=\"_ _f\"> </span>editoriali, <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>valutazione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>partecipazioni, <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>ammortamenti,<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span><span class=\"ls6\">le</span> svalutazioni <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>attivo, <span class=\"_ _16\"></span>imposte, fond<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>rischi <span class=\"_ _1\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _1\"></span>oneri <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 po<span class=\"_ _1\"></span>tenziali. Le <span class=\"_ _2\"></span>stime<span class=\"_ _2\"></span> e <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e as<span class=\"_ _2\"></span>sunzioni <span class=\"_ _1\"></span>sono riviste </span></span></span></span>periodicamente <span class=\"_ _2\"></span>e gli e<span class=\"_ _1\"></span>f<span class=\"_ _3\"></span>fetti <span class=\"_ _2\"></span>di ogni <span class=\"_ _2\"></span>variazione <span class=\"_ _2\"></span>ad esse <span class=\"_ _2\"></span>apportata <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>riflessi <span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>conto econo<span class=\"_ _2\"></span>mico ne<span class=\"_ _2\"></span>l p<span class=\"_ _1\"></span>eriodo <span class=\"ls6\">in</span> cui <span class=\"_ _15\"> </span>avviene <span class=\"_ _15\"> </span><span class=\"ls17\">la</span> <span class=\"_ _15\"> </span>revisione <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>stima <span class=\"_ _15\"> </span>se <span class=\"_ _12\"> </span>la <span class=\"_ _7\"></span>revisione <span class=\"_ _14\"></span>stessa <span class=\"_ _14\"></span>ha <span class=\"_ _14\"></span>effetti <span class=\"_ _14\"></span>solo <span class=\"_ _14\"></span><span class=\"ls34\">su</span> <span class=\"_ _7\"></span>tale <span class=\"_ _14\"></span>periodo, <span class=\"_ _14\"></span>o <span class=\"_ _14\"></span>anche <span class=\"_ _14\"></span>nei <span class=\"_ _7\"></span>periodi successivi <span class=\"_ _16\"></span><span class=\"ls34\">se<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ls17\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>revisione ha effetti sia<span class=\"_ _2\"></span> <span class=\"ff24\">sull\u2019esercizio cor<span class=\"_ _2\"></span>rente, sia su que<span class=\"_ _2\"></span>lli futuri.<span class=\"ff21\"> </span></span></span></span></span></span>Come <span class=\"_\"> </span>richi<span class=\"_ _2\"></span>esto <span class=\"_\"> </span>d<span class=\"_ _2\"></span>alle <span class=\"_\"> </span>l<span class=\"_ _2\"></span>inee <span class=\"_\"> </span>gu<span class=\"_ _2\"></span>ida <span class=\"_\"> </span>e <span class=\"_ _11\"> </span>dagli <span class=\"_\"> </span>orien<span class=\"_ _2\"></span>tamenti <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>esenti <span class=\"_\"> </span>ne<span class=\"_ _2\"></span>i <span class=\"_\"> </span>docu<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>enti <span class=\"_\"> </span>pubb<span class=\"_ _2\"></span>licati <span class=\"_ _6\"></span>da <span class=\"_ _14\"></span>CONSOB <span class=\"_ _6\"></span>e ESMA, alla <span class=\"_ _1\"></span>luce della s<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>tuazione <span class=\"_ _2\"></span>di inc<span class=\"_ _2\"></span>ertezza <span class=\"_ _1\"></span>cons<span class=\"_ _3\"></span>eguente i<span class=\"_ _2\"></span>l conflitto <span class=\"_ _1\"></span>in Ucraina, <span class=\"_ _2\"></span>si ricorda <span class=\"_ _1\"></span>che le sti<span class=\"_ _2\"></span>me al 31<span class=\"_ _1\"></span> dicembre <span class=\"_ _14\"></span>2022 <span class=\"_ _7\"></span>(cos\u00ec <span class=\"_ _14\"></span>come <span class=\"_ _14\"></span>quelle <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>2021) <span class=\"_ _7\"></span>sono <span class=\"_ _14\"></span>state <span class=\"_ _14\"></span>effettuate <span class=\"_ _14\"></span>basandosi <span class=\"_ _14\"></span>su <span class=\"_ _7\"></span>assunzioni <span class=\"_ _14\"></span>relative <span class=\"_ _14\"></span>al <span class=\"_ _7\"></span>futuro<span class=\"_ _2\"></span> caratterizzate <span class=\"_ _1\"></span>da un <span class=\"_ _1\"></span>rilevante <span class=\"_ _2\"></span>grado d<span class=\"_ _2\"></span>i in<span class=\"_ _2\"></span>certezza <span class=\"_ _2\"></span>(come<span class=\"_ _2\"></span> anche <span class=\"_ _1\"></span>commentato <span class=\"_ _1\"></span>alla Nota <span class=\"_ _1\"></span>18 \u201cAttivit\u00e0 <span class=\"_ _1\"></span>immateriali\u201d della <span class=\"_ _6\"></span>presente <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>finanziaria <span class=\"_ _6\"></span>annuale <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>rimanda). <span class=\"_ _6\"></span>Pertanto, <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>pu\u00f2 <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>cludere <span class=\"_ _6\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>nei prossimi esercizi, <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> conc<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>etizzarsi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>risultati <span class=\"_ _2\"></span>diversi <span class=\"_ _16\"></span>ri<span class=\"_ _3\"></span>spetto <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>stime <span class=\"_ _1\"></span>effettuate <span class=\"_ _2\"></span>per il bilancio a<span class=\"_ _2\"></span>l 31 dicembre 2022, si </span></span>possano rende<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>e neces<span class=\"_ _2\"></span>sarie retti<span class=\"_ _2\"></span>fiche anche <span class=\"_ _1\"></span>significative ai v<span class=\"_ _2\"></span>alori <span class=\"_ _2\"></span>di bilanc<span class=\"_ _2\"></span>io ogget<span class=\"_ _2\"></span>to di <span class=\"_ _2\"></span>valutazione, <span class=\"_ _1\"></span>tr<span class=\"_ _3\"></span>a i <span class=\"_ _2\"></span>quali<span class=\"_ _2\"></span> si evidenz<span class=\"_ _2\"></span>iano gl<span class=\"_ _2\"></span>i avvi<span class=\"_ _2\"></span>amenti, <span class=\"_ _2\"></span>le altr<span class=\"_ _2\"></span>e attiv<span class=\"_ _2\"></span>it\u00e0 im<span class=\"_ _2\"></span>materiali <span class=\"_ _2\"></span>a vit<span class=\"_ _2\"></span>a utile <span class=\"_ _1\"></span>indefinita, non<span class=\"_ _2\"></span>ch\u00e9 le <span class=\"_ _1\"></span>imposte anticipa<span class=\"_ _2\"></span>te e la stima sulla rec<span class=\"_ _2\"></span>uperabilit\u00e0 dei cred<span class=\"_ _2\"></span>iti. A <span class=\"_ _15\"> </span>t<span class=\"_ _3\"></span>ale <span class=\"_ _12\"> </span>riguar<span class=\"ff24\">do, <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>riferimento <span class=\"_ _15\"> </span>all\u2019avviamento <span class=\"_ _15\"> </span>e <span class=\"_ _12\"> </span>ai <span class=\"_ _12\"> </span>marchi<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span><span class=\"ls4\">e <span class=\"_ _12\"> </span></span>testate <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>state <span class=\"_ _15\"> </span>svolte <span class=\"_ _12\"> </span>alcune <span class=\"_ _12\"> </span>analisi <span class=\"_ _12\"> </span>di sensitivit\u00e0 ripor<span class=\"_ _2\"></span>tate nella N<span class=\"_ _2\"></span>ota 18 \u201cAttivit\u00e0 i<span class=\"_ _2\"></span>mmateriali\u201d. Descrizione d<span class=\"_ _2\"></span>egli imp<span class=\"_ _2\"></span>atti a <span class=\"_ _1\"></span>se<span class=\"_ _3\"></span>guito d<span class=\"_ _2\"></span>el conflitt<span class=\"_ _2\"></span>o in Uc<span class=\"_ _1\"></span>raina (Documento ES<span class=\"_ _2\"></span>MA n. <span class=\"_ _1\"></span>32<span class=\"_ _3\"></span>-63-1277 <span class=\"_ _2\"></span>del 13/05<span class=\"_ _2\"></span>/2022 ripreso da <span class=\"_ _3\"></span>CONSOB<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>con richiamo di <span class=\"_ _3\"></span>attenzione n.3/22 del <span class=\"_ _3\"></span>19/05/2022 e successivo richiamo <span class=\"_ _3\"></span>dell\u2019ESMA nel Public <span class=\"_ _2\"></span>Statement <span class=\"_ _1\"></span>\u201c<span class=\"ff26\">European <span class=\"_ _1\"></span>common enfo<span class=\"_ _2\"></span>rcement <span class=\"_ _2\"></span>priorities <span class=\"_ _1\"></span>for 2<span class=\"_ _2\"></span>022 an<span class=\"_ _1\"></span>nual fina<span class=\"_ _2\"></span>ncial r<span class=\"_ _1\"></span>eports<span class=\"_ _3\"></span><span class=\"ff24\">\u201d de<span class=\"_ _2\"></span>l 28 <span class=\"_ _16\"></span>ottobre </span></span>2022) A <span class=\"_ _14\"></span>partire <span class=\"_ _7\"></span>da <span class=\"_ _14\"></span>fine <span class=\"_ _14\"></span>febbraio <span class=\"_ _14\"></span>2022 <span class=\"_ _7\"></span>il <span class=\"_ _14\"></span>conflitto <span class=\"_ _14\"></span>scoppiato <span class=\"_ _14\"></span>in <span class=\"_ _7\"></span>Ucrai<span class=\"_ _3\"></span>na <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _14\"></span>sue <span class=\"_ _14\"></span>conseguenze, <span class=\"_ _14\"></span>anche <span class=\"_ _14\"></span>in <span class=\"_ _7\"></span>termini <span class=\"_ _14\"></span>di sanzioni <span class=\"_ _3\"></span>economiche <span class=\"_ _3\"></span>applicate alla <span class=\"_ _3\"></span>Russia <span class=\"_ _6\"></span>e <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>impatti <span class=\"_ _3\"></span>sull\u2019economia <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>scambi, <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>particolare <span class=\"_ _3\"></span>sulle <span class=\"_ _3\"></span>filiere energetiche, <span class=\"_ _3\"></span>produttive <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>logistiche, <span class=\"_ _3\"></span>stanno <span class=\"_ _6\"></span>deter<span class=\"_ _2\"></span>minando <span class=\"_ _3\"></span>una <span class=\"_ _6\"></span>situazione <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>genera<span class=\"_ _2\"></span>le <span class=\"_ _6\"></span>significa<span class=\"_ _2\"></span>tiva <span class=\"_ _14\"></span>incertezza.<span class=\"_ _2\"></span> Il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>non <span class=\"_ _14\"></span>presenta <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>diretta <span class=\"_ _6\"></span>e/o <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _14\"></span>commer<span class=\"_ _2\"></span>ciali <span class=\"_ _6\"></span>nei <span class=\"_ _14\"></span>confr<span class=\"_ _1\"></span>ont<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>mercati <span class=\"_ _14\"></span>colpit<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>dal conflitto <span class=\"_ _16\"></span>e/<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>soggetti <span class=\"_ _1\"></span>sanzionati. <span class=\"_ _1\"></span>L\u2019attual<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>situazione <span class=\"_ _16\"></span>ha <span class=\"_ _2\"></span>accentuato <span class=\"_ _16\"></span>le <span class=\"_ _1\"></span>spinte <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>nflativ<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>dinamica <span class=\"_ _1\"></span>crescente dei <span class=\"_ _10\"> </span>costi <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>diversi <span class=\"_ _10\"> </span>fattori <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>produzione <span class=\"_ _10\"> </span>gi\u00e0 <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>corso <span class=\"_ _10\"> </span>dal <span class=\"_ _10\"> </span>2021 <span class=\"_ _10\"> </span>ed <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>alcuni <span class=\"_ _10\"> </span>casi <span class=\"_ _10\"> </span>anche <span class=\"_ _10\"> </span>difficolt\u00e0 <span class=\"_ _10\"> </span>di approvvigioname<span class=\"_ _2\"></span>nto <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>quindi <span class=\"_ _15\"> </span>nei<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>processi <span class=\"_ _15\"> </span>produttivi <span class=\"_ _15\"> </span>per <span class=\"_ _12\"> </span>di<span class=\"_ _3\"></span>versi <span class=\"_ _15\"> </span>settori. <span class=\"_ _12\"> </span>Con <span class=\"_ _12\"> </span>riferimento <span class=\"_ _12\"> </span>al <span class=\"_ _15\"> </span>Gruppo, <span class=\"_ _12\"> </span>tale contesto <span class=\"_ _11\"> </span>economico <span class=\"_ _12\"> </span>ha <span class=\"_ _11\"> </span>riflessi <span class=\"_ _12\"> </span>sui <span class=\"_ _11\"> </span>costi <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>produzione, <span class=\"_ _12\"> </span>in <span class=\"_ _11\"> </span>partic<span class=\"_ _3\"></span>olare <span class=\"_ _11\"> </span>per <span class=\"_ _11\"> </span>la <span class=\"_ _11\"> </span>carta, <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>pu\u00f2 <span class=\"_ _11\"> </span>influire <span class=\"_ _11\"> </span>anche sull\u2019andamento <span class=\"_ _1\"></span>del merca<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>pubblicitario, <span class=\"_ _1\"></span>potendo inci<span class=\"_ _2\"></span>dere su<span class=\"_ _2\"></span>lla pro<span class=\"_ _1\"></span>pensione alla <span class=\"_ _1\"></span>spesa degl<span class=\"_ _2\"></span>i in<span class=\"_ _2\"></span>serzionisti. <span class=\"_ _1\"></span>Lo sviluppo <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>situazione <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>suoi<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>potenziali <span class=\"_ _7\"></span>effetti <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>evoluzione <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>gestione, <span class=\"_ _14\"></span>che <span class=\"_ _8\"></span>saranno <span class=\"_ _7\"></span>ogge<span class=\"_ _3\"></span>tto <span class=\"_ _7\"></span>di costante monitoragg<span class=\"ff24\">io <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>prosieguo dell\u2019esercizio, <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>ancora prevedibili <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>quanto </span>dipendono, <span class=\"_ _16\"></span>tr<span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>l\u2019altro <span class=\"_ _16\"></span>dall\u2019evoluzione <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>durata <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>conflitto <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>Ucra<span class=\"_ _2\"></span>ina, <span class=\"_ _1\"></span>dalle <span class=\"_ _1\"></span>sanzioni <span class=\"_ _1\"></span>economiche <span class=\"_ _16\"></span>nei <span class=\"_ _1\"></span>confronti della Russia e <span class=\"_ _3\"></span>dei suoi effetti geopolitici e dall\u2019eff<span class=\"ff21\">icacia delle mi<span class=\"_ _3\"></span>sure pubbliche, anche economiche, che sono </span>state e saranno i<span class=\"_ _2\"></span>mplementate. Di <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>riepilogati <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>processi <span class=\"_ _6\"></span>critici <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>le <span class=\"_ _6\"></span>assunzioni <span class=\"_ _3\"></span>chiave <span class=\"_ _6\"></span>ut<span class=\"_ _3\"></span>ilizzate <span class=\"_ _6\"></span>dal <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>anagement nel <span class=\"_ _6\"></span>processo di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>applica<span class=\"_ _2\"></span>zione <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>principi <span class=\"_ _3\"></span>contabili <span class=\"_ _3\"></span>riguardo <span class=\"_ _6\"></span><span class=\"ls3\">al</span> <span class=\"_ _6\"></span>futuro <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>posson<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>avere <span class=\"_ _6\"></span>effetti <span class=\"_ _3\"></span>significativi sui <span class=\"_ _14\"></span>valori <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>ilevati <span class=\"_ _14\"></span>nel <span class=\"_ _6\"></span>bilancio <span class=\"_ _14\"></span>consolidato <span class=\"_ _6\"></span>o <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>le <span class=\"_ _14\"></span>quali <span class=\"_ _14\"></span>esiste <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>ri<span class=\"_ _3\"></span>schio <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>possano <span class=\"_ _14\"></span>emerg<span class=\"_ _3\"></span>ere <span class=\"_ _14\"></span>rettifiche <span class=\"_ _14\"></span>di valore <span class=\"_ _1\"></span>significative <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _2\"></span>nell\u2019eserciz<span class=\"_ _2\"></span>io <span class=\"_ _1\"></span>successivo <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quello <span class=\"_ _1\"></span>di r<span class=\"_ _2\"></span>iferimento<span class=\"_ _2\"></span> del bilancio. De<span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>mina<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> del<span class=\"_ _2\"></span> val<span class=\"_ _1\"></span>ore re<span class=\"_ _2\"></span>cu<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>le atti<span class=\"_ _2\"></span>vit<span class=\"_ _1\"></span>\u00e0 non <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>rrent<span class=\"_ _2\"></span>i Il <span class=\"_ _7\"></span>Grupp<span class=\"_ _1\"></span>o <span class=\"_ _7\"></span>rived<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>per<span class=\"_ _2\"></span>iod<span class=\"_ _1\"></span>icame<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls17\">il</span> <span class=\"_ _7\"></span>valo<span class=\"_ _1\"></span>re <span class=\"_ _7\"></span>conta<span class=\"_ _1\"></span>bile <span class=\"_ _14\"></span>delle<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>atti<span class=\"_ _2\"></span>vi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _7\"></span>imma<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>rial<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>anc<span class=\"_ _2\"></span>he <span class=\"_ _14\"></span><span class=\"ls17\">in</span> <span class=\"_ _8\"></span>ass<span class=\"_ _2\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _15\"> </span>di <span class=\"_ _7\"></span>segnali <span class=\"_ _7\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> impairment, <span class=\"_ _15\"></span>per <span class=\"_ _15\"></span>accertare <span class=\"_ _8\"></span>che <span class=\"_ _15\"> </span>siano <span class=\"_ _12\"> </span>iscritte <span class=\"_ _15\"></span><span class=\"ls4\">ad</span> <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>superiore <span class=\"_ _15\"></span>a <span class=\"_ _15\"> </span>quello <span class=\"_ _11\"> </span>recuperabile. <span class=\"_ _7\"></span>Quando <span class=\"_ _8\"></span><span class=\"ls4a\">si</span> evidenziano <span class=\"_ _6\"></span>indicatori <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span>svalutaz<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>inoltre <span class=\"_ _6\"></span>tempestivamente <span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>ivisti <span class=\"_ _8\"></span>i <span class=\"_ _8\"></span>valori <span class=\"_ _8\"></span>di <span class=\"_ _15\"> </span>carico <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>immobili <span class=\"_ _8\"></span>e impianti. Pi\u00f9 <span class=\"_ _2\"></span>precisa<span class=\"_ _2\"></span>mente gli a<span class=\"_ _1\"></span>vviamenti relativi <span class=\"_ _2\"></span>alle <span class=\"ff26\">cash genera<span class=\"_ _2\"></span>ting uni<span class=\"_ _2\"></span>t <span class=\"ff21\">e le <span class=\"_ _2\"></span>attivit\u00e0 i<span class=\"_ _2\"></span>mmateriali a <span class=\"_ _2\"></span>vita <span class=\"_ _2\"></span>utile </span></span>indefinita vengono v<span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>utati con ca<span class=\"_ _2\"></span>denza almeno an<span class=\"_ _2\"></span>nuale anche in<span class=\"_ _2\"></span> assenza di <span class=\"_ _2\"></span>indicatori di <span class=\"ff26\">impairment. </span>Il <span class=\"_ _15\"> </span>valore <span class=\"_ _12\"> </span>recuperabi<span class=\"_ _2\"></span>le <span class=\"_ _15\"> </span>degli <span class=\"_ _12\"> </span>avviamenti <span class=\"_ _15\"> </span>definito <span class=\"_ _15\"> </span>da <span class=\"_ _15\"> </span>ciascun <span class=\"_ _12\"> </span><span class=\"ff26\">impairment <span class=\"_ _15\"></span>test <span class=\"_ _15\"> </span></span>\u00e8 <span class=\"_ _12\"> </span>sensibile <span class=\"_ _15\"> </span>a <span class=\"_ _12\"> </span>variazioni <span class=\"_ _15\"></span>delle assunzioni <span class=\"_ _15\"> </span>utilizzate <span class=\"_ _15\"> </span>quali <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>tasso <span class=\"_ _15\"> </span>di <span class=\"_ _12\"> </span>crescita <span class=\"_ _12\"> </span>dei <span class=\"_ _15\"> </span>ricavi, <span class=\"_ _12\"> </span>le <span class=\"_ _12\"> </span>variazioni <span class=\"_ _15\"> </span>dell\u2019EBITDA<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>previste, <span class=\"_ _15\"> </span>i<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>parametri valutativi, <span class=\"_ _15\"></span>riferiti <span class=\"_ _15\"></span>al <span class=\"_ _15\"></span>tasso <span class=\"_ _15\"></span>di <span class=\"_ _15\"> </span>attualizzazione <span class=\"_ _15\"></span>(WACC) <span class=\"_ _15\"></span>ed <span class=\"_ _15\"> </span>alla <span class=\"_ _8\"></span>costanza <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>proiezioni <span class=\"_ _7\"></span>finanziarie <span class=\"_ _7\"></span>oltre <span class=\"_ _7\"></span><span class=\"ls6\">il</span> periodo <span class=\"ls7\">di<span class=\"_ _3\"></span></span> piano <span class=\"ls5\">(g</span> uguale a zero, <span class=\"ls6\">in</span> termini <span class=\"_ _6\"></span>nominali<span class=\"_ _2\"></span>). <span class=\"_ _3\"></span>Il <span class=\"_ _6\"></span>WACC <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>a <span class=\"_ _3\"></span>sua<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>volta <span class=\"_ _6\"></span>sensibile <span class=\"_ _3\"></span>alle <span class=\"_ _6\"></span>variazioni <span class=\"_ _3\"></span>delle proprie componen<span class=\"_ _2\"></span>ti, tra cui il risk free <span class=\"_ _2\"></span>rate che sintetiz<span class=\"_ _1\"></span>za<span class=\"_ _3\"></span> il rischio pae<span class=\"_ _2\"></span>se. Fo<span class=\"_ _2\"></span>ndo <span class=\"_ _16\"></span>sva<span class=\"_ _1\"></span>lutaz<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>diti Il <span class=\"_ _3\"></span>fondo <span class=\"_ _6\"></span>svalutazio<span class=\"_ _2\"></span>ne <span class=\"_ _3\"></span>crediti <span class=\"_ _6\"></span>riflette la <span class=\"_ _6\"></span>stima <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>management circa <span class=\"_ _6\"></span>le <span class=\"_ _3\"></span>perdite <span class=\"_ _3\"></span>relative <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>portafogl<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> di <span class=\"_ _1\"></span>crediti verso <span class=\"_ _0\"></span><span class=\"ls17\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>clientela <span class=\"_ _16\"></span>finale. <span class=\"_ _0\"></span><span class=\"ls9\">La<span class=\"ls0\"> <span class=\"_ _16\"></span>stima <span class=\"_ _16\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _16\"></span>svalutazione <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>bas<span class=\"_ _3\"></span>ata <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>perdite <span class=\"_ _1\"></span>attese <span class=\"_ _1\"></span>da <span class=\"_ _2\"></span>parte <span class=\"_ _16\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Gruppo, </span></span></span></span>determinate in <span class=\"_ _2\"></span>funzione del<span class=\"_ _2\"></span>l\u2019esperienza pass<span class=\"_ _2\"></span>ata <span class=\"_ _12\"> </span>per crediti simili, d<span class=\"_ _1\"></span>egli scaduti correnti e storici,<span class=\"_ _2\"></span> delle perdite<span class=\"_ _2\"></span> e degli incassi, dei model<span class=\"_ _2\"></span>li previsionali delle perd<span class=\"_ _2\"></span>ite attese, dell\u2019atten<span class=\"_ _2\"></span>to monitorag<span class=\"_ _2\"></span>gio della qualit\u00e0 del credito<span class=\"_ _2\"></span> e delle proiezion<span class=\"_ _2\"></span>i circa le c<span class=\"_ _2\"></span>ondizioni econo<span class=\"_ _2\"></span>miche e di merca<span class=\"_ _2\"></span>to. E\u2019 <span class=\"_ _7\"></span>comun<span class=\"ff21\">que <span class=\"_ _14\"></span>possibile <span class=\"_ _14\"></span>che <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>perdurare <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>f<span class=\"_ _3\"></span>attori <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>incertezza <span class=\"_ _14\"></span>sullo <span class=\"_ _7\"></span>scenario <span class=\"_ _14\"></span>economico <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>breve <span class=\"_ _7\"></span>e <span class=\"_ _14\"></span>medio </span>periodo, <span class=\"_ _4\"> </span>assieme <span class=\"_ _4\"> </span>alla <span class=\"_ _4\"> </span>stretta <span class=\"_ _4\"> </span>creditizia <span class=\"_ _4\"> </span>che <span class=\"_ _4\"> </span>ne <span class=\"_ _5\"> </span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>stata <span class=\"_ _5\"> </span>consegu<span class=\"_ _2\"></span>enza, <span class=\"_ _4\"> </span>possano <span class=\"_ _4\"> </span>comportare <span class=\"_ _f\"> </span>un <span class=\"_ _10\"> </span>ulteriore deterioramento <span class=\"_ _5\"> </span>delle <span class=\"_ _5\"> </span>co<span class=\"_ _2\"></span>ndizioni <span class=\"_ _5\"> </span>finanziar<span class=\"_ _2\"></span>ie <span class=\"_ _5\"> </span>dei <span class=\"_ _5\"> </span>debitori <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>Gruppo <span class=\"_ _17\"> </span>rispetto <span class=\"_ _17\"> </span>a <span class=\"_ _18\"> </span>quanto <span class=\"_ _17\"> </span>gi\u00e0 <span class=\"_ _18\"> </span>preso <span class=\"_ _17\"> </span>in considerazione nel<span class=\"_ _2\"></span>la quantificazi<span class=\"_ _2\"></span>one dei fondi i<span class=\"_ _2\"></span>scritti in bila<span class=\"_ _1\"></span>ncio<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Impo<span class=\"_ _1\"></span>ste <span class=\"_ _2\"></span>ant<span class=\"_ _1\"></span>icipa<span class=\"_ _2\"></span>te Le<span class=\"ls0\"> <span class=\"_ _3\"></span>attivit\u00e0 fiscali <span class=\"_ _3\"></span>differite sono <span class=\"_ _3\"></span>rilevate nella <span class=\"_ _3\"></span>misura <span class=\"_ _3\"></span><span class=\"ls6\">in</span> cui <span class=\"_ _3\"></span><span class=\"ls4a\">si<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>ritenga <span class=\"_ _3\"></span>probabile che <span class=\"_ _3\"></span>vi <span class=\"_ _3\"></span>saranno <span class=\"_ _14\"></span>risultati <span class=\"_ _14\"></span>fiscal<span class=\"_ _2\"></span>i </span>imponibili <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>futuro <span class=\"_ _6\"></span>che <span class=\"_ _14\"></span>consentano <span class=\"_ _14\"></span>l\u2019utilizzo <span class=\"_ _6\"></span>delle <span class=\"_ _14\"></span>differenze <span class=\"_ _6\"></span>temporanee <span class=\"_ _6\"></span>deducibili. <span class=\"_ _14\"></span>Il <span class=\"_ _14\"></span>valore <span class=\"_ _6\"></span>recuperabile delle attivi<span class=\"_ _2\"></span>t\u00e0 fiscali d<span class=\"_ _2\"></span>ifferite \u00e8 <span class=\"_ _2\"></span>rivisto pe<span class=\"_ _2\"></span>riodicamente <span class=\"_ _2\"></span>in funzio<span class=\"_ _2\"></span>ne degli i<span class=\"_ _2\"></span>mponibili <span class=\"_ _2\"></span>futuri riflessi nei p<span class=\"_ _2\"></span>i\u00f9 recenti piani del Gruppo.<span class=\"_ _2\"></span> Fo<span class=\"_ _2\"></span>ndi <span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>sc<span class=\"_ _2\"></span>hi <span class=\"_ _1\"></span>ed<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>oner<span class=\"_ _2\"></span>i Gli <span class=\"_ _14\"></span>accantonamenti <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>fondi <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>rischi <span class=\"_ _14\"></span><span class=\"ls4\">ed</span> <span class=\"_ _14\"></span>oneri <span class=\"_ _14\"></span>relativi <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _14\"></span>potenziali <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>natura <span class=\"_ _14\"></span>legale <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>fiscale <span class=\"_ _7\"></span>sono effettuati <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>fronte <span class=\"_ _7\"></span>delle <span class=\"_ _14\"></span>previsioni <span class=\"_ _14\"></span>effettuate <span class=\"_ _14\"></span>dagli <span class=\"_ _7\"></span>Amministratori,<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>sulla <span class=\"_ _14\"></span>base <span class=\"_ _7\"></span>delle <span class=\"_ _14\"></span>valutazioni <span class=\"_ _7\"></span>espresse <span class=\"_ _14\"></span>dai consulenti legal<span class=\"_ _2\"></span>i e fiscali d<span class=\"_ _2\"></span>ella Soc<span class=\"_ _2\"></span>iet\u00e0, in meri<span class=\"_ _2\"></span>to al probabi<span class=\"_ _2\"></span>le onere che <span class=\"_ _2\"></span>si ritiene r<span class=\"_ _2\"></span>agi<span class=\"_ _3\"></span>onevole ver<span class=\"_ _2\"></span>r\u00e0 sostenuto. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-664-3": {
   "value": "26. C<span class=\"_ _1\"></span>onve<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span>ione<span class=\"_ _1\"></span> delle<span class=\"_ _1\"></span> post<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>valu<span class=\"_ _2\"></span>ta Le <span class=\"_ _1\"></span>transazioni <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _1\"></span>valuta <span class=\"_ _16\"></span>estera <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>rilevate <span class=\"_ _16\"></span>inizialmente <span class=\"_ _16\"></span>al <span class=\"_ _2\"></span>tasso <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>cambio <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>essere <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>transazione. Le <span class=\"_ _1\"></span>attivit\u00e0 e <span class=\"_ _16\"></span>passivit\u00e0 m<span class=\"_ _2\"></span>onetarie, <span class=\"_ _1\"></span>denominate <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>valuta <span class=\"_ _2\"></span>estera, <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>riconvertite <span class=\"_ _2\"></span>al <span class=\"_ _1\"></span>tasso <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>cambio <span class=\"_ _1\"></span>in esse<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>alla data di chiusura de<span class=\"_ _2\"></span>l bilancio. Le<span class=\"ls0\"> <span class=\"_ _14\"></span>poste <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>monetarie <span class=\"_ _14\"></span>valuta<span class=\"ls6\">te</span> <span class=\"_ _6\"></span><span class=\"ls4\">al</span> <span class=\"_ _14\"></span>costo <span class=\"_ _14\"></span>storico <span class=\"_ _14\"></span><span class=\"ls6\">in</span> <span class=\"_ _14\"></span>valu<span class=\"_ _2\"></span>ta <span class=\"_ _14\"></span>estera <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>convertite <span class=\"_ _14\"></span>usando <span class=\"_ _2\"></span>i tassi d<span class=\"_ _2\"></span>i cambio i<span class=\"_ _2\"></span>n </span>vigore <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>iniziale <span class=\"_ _16\"></span>rilevazione <span class=\"_ _1\"></span>della <span class=\"_ _16\"></span>t<span class=\"_ _3\"></span>ransazione.<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>Le <span class=\"_ _1\"></span>poste <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>monetarie <span class=\"_ _1\"></span>iscritte <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>equo <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>valuta estera sono conve<span class=\"_ _2\"></span>rtite usando il<span class=\"_ _2\"></span> tasso di cambio <span class=\"_ _2\"></span>alla data di determ<span class=\"_ _2\"></span>inazione di tale <span class=\"_ _2\"></span>valore. Qualora <span class=\"_ _1\"></span>sia sta<span class=\"_ _2\"></span>ta <span class=\"_ _1\"></span>istituita un<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>designata relaz<span class=\"_ _2\"></span>ione <span class=\"_ _1\"></span>di copertu<span class=\"_ _2\"></span>ra <span class=\"_ _2\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">tra uno <span class=\"_ _1\"></span>strumento <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>copertura <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>un </span></span></span></span>elemento <span class=\"_ _11\"> </span>coperto <span class=\"_\"> </span>in <span class=\"_ _11\"> </span>valuta, <span class=\"_\"> </span>si <span class=\"_ _11\"> </span>applica <span class=\"_\"> </span>il <span class=\"_ _11\"> </span>trattamento <span class=\"_\"> </span>per<span class=\"_ _2\"></span> <span class=\"_\"> </span>gli <span class=\"_ _11\"> </span>strumenti <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_\"> </span>co<span class=\"_ _2\"></span>pertura <span class=\"_\"> </span>in<span class=\"_ _2\"></span>dicato <span class=\"_ _11\"> </span>nella <span class=\"_ _10\"> </span>voce \u201cStrumenti finan<span class=\"_ _2\"></span>ziari derivati\u201d.<span class=\"ff21\"> </span>I <span class=\"_ _0\"></span>bila<span class=\"_ _2\"></span>nci<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>con<span class=\"_ _1\"></span>trol<span class=\"_ _2\"></span>lat<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>est<span class=\"_ _1\"></span>ere <span class=\"_ _16\"></span>esp<span class=\"_ _1\"></span>ress<span class=\"_ _2\"></span>i <span class=\"_ _0\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>valu<span class=\"_ _1\"></span>ta <span class=\"_ _16\"></span>div<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>sa <span class=\"_ _0\"></span><span class=\"ff24\">da<span class=\"_ _2\"></span>ll\u2019e<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ro,<span class=\"_ _1\"></span><span class=\"ff21\"> <span class=\"_ _16\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>sede <span class=\"_ _0\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _16\"></span>con<span class=\"_ _2\"></span>so<span class=\"_ _1\"></span>lidam<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to,<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>vengono <span class=\"_ _16\"></span>convertiti </span></span></span></span></span></span></span></span>adottando per <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>dati patrimoniali <span class=\"_ _3\"></span><span class=\"ls6\">il</span> cambio <span class=\"_ _3\"></span>puntuale a <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>esercizio e <span class=\"_ _3\"></span>per <span class=\"_ _14\"></span>le <span class=\"_ _6\"></span>componenti <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>reddito <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>conto economico <span class=\"_ _8\"> </span>il <span class=\"_ _15\"> </span>cambio <span class=\"_ _7\"> </span>m<span class=\"_ _3\"></span>edio <span class=\"_ _8\"> </span>dell\u2019esercizio. <span class=\"_ _8\"> </span>Le <span class=\"_ _8\"> </span>differenze <span class=\"_ _15\"> </span>cambio<span class=\"ff21\"> <span class=\"_ _8\"></span>risultanti <span class=\"_ _7\"></span>vengono <span class=\"_ _7\"></span>iscritte <span class=\"_ _7\"></span><span class=\"ls17\">in<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>una <span class=\"_ _8\"></span>riserva </span>separata <span class=\"_ _2\"></span>di pa<span class=\"_ _2\"></span>trimonio <span class=\"_ _1\"></span>denominata Rise<span class=\"_ _2\"></span>rva di Conversi<span class=\"_ _2\"></span>one. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-682-2": {
   "value": "Pr<span class=\"_ _2\"></span>inc<span class=\"_ _1\"></span>ipi <span class=\"_ _16\"></span>conta<span class=\"_ _1\"></span>bili, <span class=\"_ _1\"></span>emenda<span class=\"_ _1\"></span>menti<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rpr<span class=\"_ _1\"></span>etaz<span class=\"_ _2\"></span>ioni <span class=\"_ _1\"></span>in vi<span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>part<span class=\"_ _1\"></span>ire <span class=\"_ _2\"></span>dal <span class=\"_ _2\"></span>1\u00b0<span class=\"_ _2\"></span> ge<span class=\"_ _2\"></span>nna<span class=\"_ _2\"></span>io 2<span class=\"_ _1\"></span>022<span class=\"_ _1\"></span> A<span class=\"ff21 fs2\"> p<span class=\"_ _2\"></span>arti<span class=\"_ _2\"></span>re <span class=\"_ _1\"></span>dal <span class=\"_ _2\"></span>1\u00b0<span class=\"_ _1\"></span> gen<span class=\"_ _2\"></span>nai<span class=\"_ _2\"></span>o 2<span class=\"_ _1\"></span>022 <span class=\"_ _2\"></span>son<span class=\"_ _1\"></span>o ent<span class=\"_ _2\"></span>rat<span class=\"_ _1\"></span>i in <span class=\"_ _2\"></span>vig<span class=\"_ _1\"></span>ore <span class=\"_ _2\"></span>gli<span class=\"_ _2\"></span> e<span class=\"_ _1\"></span>menda<span class=\"_ _2\"></span>men<span class=\"_ _1\"></span>ti a<span class=\"_ _1\"></span>i seg<span class=\"_ _2\"></span>uen<span class=\"_ _1\"></span>ti st<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>dard:<span class=\"_ _1\"></span> </span><span class=\"ff26 fs2 fc0\">IFRS 3 Aggregazioni <span class=\"_ _2\"></span>aziendali<span class=\"ff24\">: le mod<span class=\"_ _2\"></span>ifiche hanno <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>o scopo di aggi<span class=\"_ _2\"></span>ornare il r<span class=\"_ _2\"></span>iferimento p<span class=\"_ _2\"></span>resente nell\u2019IFR<span class=\"_ _2\"></span>S 3 </span></span>al <span class=\"_ _12\"> </span>Conceptual <span class=\"_ _12\"> </span>Framework <span class=\"_ _12\"> </span>nella <span class=\"_ _11\"> </span>versione <span class=\"_ _15\"> </span>ri<span class=\"_ _3\"></span>vista, <span class=\"_ _12\"> </span>senza <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>ci\u00f2 <span class=\"_ _11\"> </span>comporti <span class=\"_ _12\"> </span>modifiche <span class=\"_ _12\"> </span>alle <span class=\"_ _12\"> </span>disposizioni <span class=\"_ _12\"> </span>del principio IFRS 3;<span class=\"_ _2\"></span> <span class=\"ff26 fs2 fc0\">IAS <span class=\"_ _7\"></span>16 <span class=\"_ _7\"></span>I<span class=\"_ _3\"></span>mmobili, <span class=\"_ _14\"></span>impianti <span class=\"_ _14\"></span>e <span class=\"_ _8\"></span>macchinari<span class=\"ff21\">: <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>modifica <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>consente <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>dedurre <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>elemento <span class=\"_ _7\"></span>di </span></span>immobili, <span class=\"_ _6\"></span>impianti <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>macchina<span class=\"_ _2\"></span>ri <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>ricavo <span class=\"_ _14\"></span>derivante <span class=\"_ _6\"></span>dalla <span class=\"_ _14\"></span>vendita <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>beni <span class=\"_ _14\"></span>prodotti <span class=\"_ _6\"></span>prima <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>ale <span class=\"_ _6\"></span>atti<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _6\"></span>sia pronta per l\u2019uso. Ta<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i ricavi di vendi<span class=\"_ _2\"></span>ta e i relativi cos<span class=\"_ _2\"></span>ti devono <span class=\"_ _2\"></span>essere rilevati a<span class=\"ff21\"> conto econo<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ico; </span><span class=\"ff26 fs2 fc0\">IAS <span class=\"_ _14\"></span>37 <span class=\"_ _14\"></span>Accantonamenti, <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>attivit\u00e0 <span class=\"_ _14\"></span>potenzia<span class=\"_ _2\"></span>li<span class=\"ff21\">: <span class=\"_ _14\"></span>la <span class=\"_ _14\"></span>modifica <span class=\"_ _14\"></span>specifica <span class=\"_ _6\"></span>meglio <span class=\"_ _14\"></span>che, <span class=\"_ _14\"></span>nel <span class=\"_ _6\"></span>valutare <span class=\"_ _14\"></span>se <span class=\"_ _14\"></span>un </span></span>contratto \u00e8 oneroso,<span class=\"_ _2\"></span> i costi diret<span class=\"_ _2\"></span>tamente correl<span class=\"_ _2\"></span>ati sono <span class=\"_ _2\"></span>costituiti da: \u2022 <span class=\"_ _13\"> </span><span class=\"ff24 fs2 fc0\">i costi incrementali nece<span class=\"_ _2\"></span>ssari all\u2019ademp<span class=\"_ _2\"></span>imento di tale co<span class=\"ff21\">ntratto, ad ese<span class=\"_ _2\"></span>mpio la manodoper<span class=\"_ _2\"></span>a e le materie<span class=\"_ _2\"></span> </span></span>prime dirette;<span class=\"_ _2\"></span> \u2022 <span class=\"_ _13\"> </span><span class=\"ff24 fs2 fc0\">la <span class=\"_ _10\"> </span>r<span class=\"_ _3\"></span>ipartizione <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>altri <span class=\"_ _10\"> </span>costi <span class=\"_ _f\"> </span>direttamente <span class=\"_ _10\"> </span>correlati <span class=\"_\"> </span>all\u2019adempimento <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>contratto, <span class=\"_ _10\"> </span>ad <span class=\"_ _f\"> </span>esempio <span class=\"_ _10\"> </span>la </span>ripartizione della <span class=\"_ _3\"></span>quota di <span class=\"_ _3\"></span>ammortamento di <span class=\"_ _3\"></span>un el<span class=\"_ _3\"></span>emen<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>di immobili, <span class=\"_ _3\"></span>impianti e <span class=\"_ _3\"></span>macchinari util<span class=\"_ _6\"></span>izzato per l\u2019adempimen<span class=\"_ _2\"></span>to di tale contr<span class=\"_ _2\"></span>atto e di altri.<span class=\"ff21\"> </span><span class=\"ff26 fs2 fc0\">IFRS 9 Strumenti finanziari (Annual Improvem<span class=\"_ _2\"></span>ents 2018-2020):<span class=\"ff21\"> <span class=\"ff24\">Lo IASB ha proposto una modifica al<span class=\"_ _2\"></span>l\u2019IFRS </span></span></span>9, chiarendo le<span class=\"_ _2\"></span> fees che un\u2019<span class=\"_ _2\"></span>entit\u00e0 include n<span class=\"_ _1\"></span>el determinare se le <span class=\"_ _2\"></span>condizioni di una<span class=\"_ _1\"></span> nuova o modific<span class=\"ff21\">ata passivit\u00e0 </span>finanziaria <span class=\"_ _11\"> </span>siano <span class=\"_ _11\"> </span>sostanzialmente <span class=\"_ _11\"> </span>differenti <span class=\"_\"> </span>ri<span class=\"_ _2\"></span>spetto <span class=\"_ _11\"> </span>alle <span class=\"_\"> </span>condiz<span class=\"_ _2\"></span>ioni <span class=\"_ _11\"> </span>della <span class=\"_\"> </span>passi<span class=\"_ _2\"></span>vit\u00e0 <span class=\"_ _11\"> </span>finanziaria <span class=\"_ _11\"> </span>originaria. Queste fees i<span class=\"_ _3\"></span>ncludono solo quelle <span class=\"_ _3\"></span>pagate o <span class=\"_ _3\"></span>percepite tra il <span class=\"_ _3\"></span>debitore ed <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>finanziatore, incluse le <span class=\"_ _3\"></span>fees pagate <span class=\"_ _3\"></span>o percepite dal debito<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>e o dal finanziato<span class=\"_ _2\"></span>re per conto di<span class=\"_ _2\"></span> altri. L\u2019a<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>zio<span class=\"_ _2\"></span>ne <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_\"> </span>tal<span class=\"_ _1\"></span>i <span class=\"_\"> </span>emend<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ti <span class=\"_\"> </span>non<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>ha<span class=\"_ _2\"></span> <span class=\"_\"> </span>comp<span class=\"_ _2\"></span>or<span class=\"_ _1\"></span>tato <span class=\"_\"> </span>ef<span class=\"_ _1\"></span>fetti<span class=\"_ _2\"></span> <span class=\"_\"> </span>sul<span class=\"_ _2\"></span>la <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>e <span class=\"_\"> </span>Re<span class=\"_ _2\"></span>la<span class=\"_ _1\"></span>zion<span class=\"_ _2\"></span>e <span class=\"_\"> </span>Fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iaria<span class=\"_ _2\"></span> <span class=\"_\"> </span>Ann<span class=\"_ _1\"></span>uale<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>solida<span class=\"_ _1\"></span>ta d<span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>Gr<span class=\"_ _2\"></span>upp<span class=\"_ _1\"></span>o. Pr<span class=\"_ _2\"></span>inc<span class=\"_ _1\"></span>ipi <span class=\"_ _1d1\"> </span>co<span class=\"_ _2\"></span>nta<span class=\"_ _1\"></span>bili,<span class=\"_ _2\"></span> <span class=\"_ _1d1\"> </span>emen<span class=\"_ _2\"></span>dame<span class=\"_ _1\"></span>nti <span class=\"_ _d\"> </span>ed<span class=\"_ _2\"></span> <span class=\"_ _d\"> </span>inter<span class=\"_ _1\"></span>pret<span class=\"_ _2\"></span>azi<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span> <span class=\"_ _d\"> </span>omol<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>ati <span class=\"_ _d\"> </span>da<span class=\"_ _2\"></span>ll\u2019<span class=\"_ _1\"></span>UE, <span class=\"_ _d\"> </span>non <span class=\"_ _d\"> </span>an<span class=\"_ _2\"></span>cor<span class=\"_ _2\"></span>a obb<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>li <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>ado<span class=\"_ _1\"></span>ttati<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>in v<span class=\"_ _2\"></span>ia <span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>icipa<span class=\"_ _1\"></span>ta da<span class=\"_ _1\"></span>l Grup<span class=\"_ _2\"></span>po Di <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>guito <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>elencano, <span class=\"_ _6\"></span>con <span class=\"_ _14\"></span>indicazione <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>data <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>decorrenza, <span class=\"_ _6\"></span>gli <span class=\"_ _14\"></span>emendamenti <span class=\"_ _6\"></span>omologati <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>non <span class=\"_ _14\"></span>adottati anticipatamente da<span class=\"_ _2\"></span>l Gruppo<span class=\"_ _2\"></span> e per i quali sono in<span class=\"_ _2\"></span> corso l<span class=\"_ _2\"></span>e valutazioni su ev<span class=\"_ _2\"></span>entuali impatt<span class=\"_ _2\"></span>i:<span class=\"_ _3\"></span> <span class=\"ff26 fs2 fc0\">Emendamento IAS 1 <span class=\"_ _3\"></span>- Disclosure of<span class=\"_ _3\"></span> Accounting Policies IAS 1 <span class=\"_ _3\"></span>and IFRS Practice Statement 2<span class=\"_ _6\"></span><span class=\"ff21\">. Le modifiche </span></span>si applicheranno a p<span class=\"_ _2\"></span>artire dal 2023. <span class=\"_ _2\"></span> <span class=\"ff26 fs2 fc0\">Emendamento IAS 8 - De<span class=\"_ _2\"></span>finition of Accoun<span class=\"_ _2\"></span>ting Estimates<span class=\"ff21\">. Le <span class=\"_ _2\"></span>modifiche si appl<span class=\"_ _2\"></span>icheranno a par<span class=\"_ _2\"></span>tire dal 2023. </span></span><span class=\"ff26 fs2 fc0\">Emendamento <span class=\"_ _3\"></span>IAS <span class=\"_ _6\"></span>12 <span class=\"_ _3\"></span>-<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Deferred <span class=\"_ _3\"></span>Tax <span class=\"_ _6\"></span>related <span class=\"_ _3\"></span>to <span class=\"_ _6\"></span>Assets<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>and <span class=\"_ _6\"></span>Liabilities <span class=\"_ _3\"></span>arising <span class=\"_ _3\"></span>from <span class=\"_ _6\"></span>a <span class=\"_ _3\"></span>Single <span class=\"_ _6\"></span>Transact<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span><span class=\"ff21\">. <span class=\"_ _6\"></span>Le </span></span>modifiche si app<span class=\"_ _2\"></span>licano dal 1\u00b0<span class=\"_ _2\"></span> gennaio 2023 Pr<span class=\"_ _2\"></span>inc<span class=\"_ _1\"></span>ipi co<span class=\"_ _1\"></span>ntabi<span class=\"_ _2\"></span>li,<span class=\"_ _1\"></span> emend<span class=\"_ _2\"></span>ame<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>i e<span class=\"_ _1\"></span>d inte<span class=\"_ _1\"></span>rpret<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>ioni<span class=\"_ _2\"></span> no<span class=\"_ _1\"></span>n anc<span class=\"_ _1\"></span>ora o<span class=\"_ _2\"></span>mol<span class=\"_ _2\"></span>ogat<span class=\"_ _1\"></span>i dal<span class=\"_ _2\"></span>l\u2019<span class=\"_ _2\"></span>UE e<span class=\"_ _1\"></span>d app<span class=\"_ _2\"></span>lic<span class=\"_ _1\"></span>abili<span class=\"_ _2\"></span> dag<span class=\"_ _2\"></span>li <span class=\"_ _1\"></span>eser<span class=\"_ _2\"></span>ciz<span class=\"_ _2\"></span>i c<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>iz<span class=\"_ _2\"></span>iano<span class=\"_ _2\"></span> do<span class=\"_ _2\"></span>po <span class=\"_ _1\"></span>il 1\u00b0<span class=\"_ _1\"></span> genna<span class=\"_ _2\"></span>io <span class=\"_ _1\"></span>2023 Di segui<span class=\"_ _2\"></span>to si <span class=\"_ _1\"></span>elencano, con <span class=\"_ _1\"></span>indicazione della <span class=\"_ _1\"></span>data di de<span class=\"_ _1\"></span>cor<span class=\"_ _3\"></span>renza, g<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i emenda<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>enti <span class=\"_ _1\"></span>non ancora o<span class=\"_ _2\"></span>mologati <span class=\"_ _2\"></span>e non adottati anticipa<span class=\"_ _2\"></span>tamente dal G<span class=\"_ _2\"></span>ruppo e per i qual<span class=\"_ _2\"></span>i sono in corso le va<span class=\"_ _2\"></span>lutazioni su e<span class=\"_ _2\"></span>ventuali impa<span class=\"_ _2\"></span>tti: Emendamento <span class=\"_ _11\"> </span>allo <span class=\"_ _11\"> </span>IAS <span class=\"_\"> </span>1 <span class=\"_ _12\"> </span><span class=\"ff27\">\u2013</span> <span class=\"_\"> </span>C<span class=\"_ _2\"></span>lassification <span class=\"_ _12\"> </span>of<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>liabilities <span class=\"_ _11\"> </span>as <span class=\"_\"> </span>c<span class=\"_ _1\"></span>urrent <span class=\"_\"> </span>or <span class=\"_ _12\"> </span>non <span class=\"_ _11\"> </span>current<span class=\"_ _3\"></span>: <span class=\"_\"> </span>L\u2019a<span class=\"_ _1\"></span>pplicazione <span class=\"_ _11\"> </span>delle modifiche origin<span class=\"_ _2\"></span>ariamente prev<span class=\"_ _2\"></span>ista a partire d<span class=\"_ _2\"></span>al 2022, \u00e8 stata pos<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>icipata al 2024. <span class=\"ff26 fs2 fc0\">Emendamento allo IAS 1 <span class=\"_ _3\"></span><span class=\"ff27\">\u2013</span> Non-current Liabilities with Covenants<span class=\"ff21\">: Le modifiche si <span class=\"_ _3\"></span>applicano dal 1\u00b0 gennaio </span></span>2024. <span class=\"ff26 fs2 fc0\">Emendamento <span class=\"_ _1\"></span>all'IFRS <span class=\"_ _1\"></span>16 <span class=\"_ _2\"></span><span class=\"ff27\">\u2013<span class=\"ff26\"> <span class=\"_ _1\"></span>Lease <span class=\"_ _2\"></span>Liability <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _1\"></span>a S<span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>and <span class=\"_ _1\"></span>Leaseback<span class=\"ff21\">. L<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>modifiche <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>applicano <span class=\"_ _1\"></span>dal 1\u00b0<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>gennaio </span></span></span></span>2024. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-682-3": {
   "value": "Pr<span class=\"_ _2\"></span>inc<span class=\"_ _1\"></span>ipi <span class=\"_ _16\"></span>conta<span class=\"_ _1\"></span>bili, <span class=\"_ _1\"></span>emenda<span class=\"_ _1\"></span>menti<span class=\"_ _2\"></span> e<span class=\"_ _2\"></span>d i<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>rpr<span class=\"_ _1\"></span>etaz<span class=\"_ _2\"></span>ioni <span class=\"_ _1\"></span>in vi<span class=\"_ _2\"></span>go<span class=\"_ _2\"></span>re <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>part<span class=\"_ _1\"></span>ire <span class=\"_ _2\"></span>dal <span class=\"_ _2\"></span>1\u00b0<span class=\"_ _2\"></span> ge<span class=\"_ _2\"></span>nna<span class=\"_ _2\"></span>io 2<span class=\"_ _1\"></span>022<span class=\"_ _1\"></span> A<span class=\"ff21 fs2\"> p<span class=\"_ _2\"></span>arti<span class=\"_ _2\"></span>re <span class=\"_ _1\"></span>dal <span class=\"_ _2\"></span>1\u00b0<span class=\"_ _1\"></span> gen<span class=\"_ _2\"></span>nai<span class=\"_ _2\"></span>o 2<span class=\"_ _1\"></span>022 <span class=\"_ _2\"></span>son<span class=\"_ _1\"></span>o ent<span class=\"_ _2\"></span>rat<span class=\"_ _1\"></span>i in <span class=\"_ _2\"></span>vig<span class=\"_ _1\"></span>ore <span class=\"_ _2\"></span>gli<span class=\"_ _2\"></span> e<span class=\"_ _1\"></span>menda<span class=\"_ _2\"></span>men<span class=\"_ _1\"></span>ti a<span class=\"_ _1\"></span>i seg<span class=\"_ _2\"></span>uen<span class=\"_ _1\"></span>ti st<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>dard:<span class=\"_ _1\"></span> </span><span class=\"ff26 fs2 fc0\">IFRS 3 Aggregazioni <span class=\"_ _2\"></span>aziendali<span class=\"ff24\">: le mod<span class=\"_ _2\"></span>ifiche hanno <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>o scopo di aggi<span class=\"_ _2\"></span>ornare il r<span class=\"_ _2\"></span>iferimento p<span class=\"_ _2\"></span>resente nell\u2019IFR<span class=\"_ _2\"></span>S 3 </span></span>al <span class=\"_ _12\"> </span>Conceptual <span class=\"_ _12\"> </span>Framework <span class=\"_ _12\"> </span>nella <span class=\"_ _11\"> </span>versione <span class=\"_ _15\"> </span>ri<span class=\"_ _3\"></span>vista, <span class=\"_ _12\"> </span>senza <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>ci\u00f2 <span class=\"_ _11\"> </span>comporti <span class=\"_ _12\"> </span>modifiche <span class=\"_ _12\"> </span>alle <span class=\"_ _12\"> </span>disposizioni <span class=\"_ _12\"> </span>del principio IFRS 3;<span class=\"_ _2\"></span> <span class=\"ff26 fs2 fc0\">IAS <span class=\"_ _7\"></span>16 <span class=\"_ _7\"></span>I<span class=\"_ _3\"></span>mmobili, <span class=\"_ _14\"></span>impianti <span class=\"_ _14\"></span>e <span class=\"_ _8\"></span>macchinari<span class=\"ff21\">: <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>modifica <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>consente <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>dedurre <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>costo <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>elemento <span class=\"_ _7\"></span>di </span></span>immobili, <span class=\"_ _6\"></span>impianti <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>macchina<span class=\"_ _2\"></span>ri <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>ricavo <span class=\"_ _14\"></span>derivante <span class=\"_ _6\"></span>dalla <span class=\"_ _14\"></span>vendita <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>beni <span class=\"_ _14\"></span>prodotti <span class=\"_ _6\"></span>prima <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>ale <span class=\"_ _6\"></span>atti<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _6\"></span>sia pronta per l\u2019uso. Ta<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i ricavi di vendi<span class=\"_ _2\"></span>ta e i relativi cos<span class=\"_ _2\"></span>ti devono <span class=\"_ _2\"></span>essere rilevati a<span class=\"ff21\"> conto econo<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ico; </span><span class=\"ff26 fs2 fc0\">IAS <span class=\"_ _14\"></span>37 <span class=\"_ _14\"></span>Accantonamenti, <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>attivit\u00e0 <span class=\"_ _14\"></span>potenzia<span class=\"_ _2\"></span>li<span class=\"ff21\">: <span class=\"_ _14\"></span>la <span class=\"_ _14\"></span>modifica <span class=\"_ _14\"></span>specifica <span class=\"_ _6\"></span>meglio <span class=\"_ _14\"></span>che, <span class=\"_ _14\"></span>nel <span class=\"_ _6\"></span>valutare <span class=\"_ _14\"></span>se <span class=\"_ _14\"></span>un </span></span>contratto \u00e8 oneroso,<span class=\"_ _2\"></span> i costi diret<span class=\"_ _2\"></span>tamente correl<span class=\"_ _2\"></span>ati sono <span class=\"_ _2\"></span>costituiti da: \u2022 <span class=\"_ _13\"> </span><span class=\"ff24 fs2 fc0\">i costi incrementali nece<span class=\"_ _2\"></span>ssari all\u2019ademp<span class=\"_ _2\"></span>imento di tale co<span class=\"ff21\">ntratto, ad ese<span class=\"_ _2\"></span>mpio la manodoper<span class=\"_ _2\"></span>a e le materie<span class=\"_ _2\"></span> </span></span>prime dirette;<span class=\"_ _2\"></span> \u2022 <span class=\"_ _13\"> </span><span class=\"ff24 fs2 fc0\">la <span class=\"_ _10\"> </span>r<span class=\"_ _3\"></span>ipartizione <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>altri <span class=\"_ _10\"> </span>costi <span class=\"_ _f\"> </span>direttamente <span class=\"_ _10\"> </span>correlati <span class=\"_\"> </span>all\u2019adempimento <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>contratto, <span class=\"_ _10\"> </span>ad <span class=\"_ _f\"> </span>esempio <span class=\"_ _10\"> </span>la </span>ripartizione della <span class=\"_ _3\"></span>quota di <span class=\"_ _3\"></span>ammortamento di <span class=\"_ _3\"></span>un el<span class=\"_ _3\"></span>emen<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>di immobili, <span class=\"_ _3\"></span>impianti e <span class=\"_ _3\"></span>macchinari util<span class=\"_ _6\"></span>izzato per l\u2019adempimen<span class=\"_ _2\"></span>to di tale contr<span class=\"_ _2\"></span>atto e di altri.<span class=\"ff21\"> </span><span class=\"ff26 fs2 fc0\">IFRS 9 Strumenti finanziari (Annual Improvem<span class=\"_ _2\"></span>ents 2018-2020):<span class=\"ff21\"> <span class=\"ff24\">Lo IASB ha proposto una modifica al<span class=\"_ _2\"></span>l\u2019IFRS </span></span></span>9, chiarendo le<span class=\"_ _2\"></span> fees che un\u2019<span class=\"_ _2\"></span>entit\u00e0 include n<span class=\"_ _1\"></span>el determinare se le <span class=\"_ _2\"></span>condizioni di una<span class=\"_ _1\"></span> nuova o modific<span class=\"ff21\">ata passivit\u00e0 </span>finanziaria <span class=\"_ _11\"> </span>siano <span class=\"_ _11\"> </span>sostanzialmente <span class=\"_ _11\"> </span>differenti <span class=\"_\"> </span>ri<span class=\"_ _2\"></span>spetto <span class=\"_ _11\"> </span>alle <span class=\"_\"> </span>condiz<span class=\"_ _2\"></span>ioni <span class=\"_ _11\"> </span>della <span class=\"_\"> </span>passi<span class=\"_ _2\"></span>vit\u00e0 <span class=\"_ _11\"> </span>finanziaria <span class=\"_ _11\"> </span>originaria. Queste fees i<span class=\"_ _3\"></span>ncludono solo quelle <span class=\"_ _3\"></span>pagate o <span class=\"_ _3\"></span>percepite tra il <span class=\"_ _3\"></span>debitore ed <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>finanziatore, incluse le <span class=\"_ _3\"></span>fees pagate <span class=\"_ _3\"></span>o percepite dal debito<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>e o dal finanziato<span class=\"_ _2\"></span>re per conto di<span class=\"_ _2\"></span> altri. L\u2019a<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>zio<span class=\"_ _2\"></span>ne <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_\"> </span>tal<span class=\"_ _1\"></span>i <span class=\"_\"> </span>emend<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ti <span class=\"_\"> </span>non<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>ha<span class=\"_ _2\"></span> <span class=\"_\"> </span>comp<span class=\"_ _2\"></span>or<span class=\"_ _1\"></span>tato <span class=\"_\"> </span>ef<span class=\"_ _1\"></span>fetti<span class=\"_ _2\"></span> <span class=\"_\"> </span>sul<span class=\"_ _2\"></span>la <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>e <span class=\"_\"> </span>Re<span class=\"_ _2\"></span>la<span class=\"_ _1\"></span>zion<span class=\"_ _2\"></span>e <span class=\"_\"> </span>Fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iaria<span class=\"_ _2\"></span> <span class=\"_\"> </span>Ann<span class=\"_ _1\"></span>uale<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>solida<span class=\"_ _1\"></span>ta d<span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>Gr<span class=\"_ _2\"></span>upp<span class=\"_ _1\"></span>o. Pr<span class=\"_ _2\"></span>inc<span class=\"_ _1\"></span>ipi <span class=\"_ _1d1\"> </span>co<span class=\"_ _2\"></span>nta<span class=\"_ _1\"></span>bili,<span class=\"_ _2\"></span> <span class=\"_ _1d1\"> </span>emen<span class=\"_ _2\"></span>dame<span class=\"_ _1\"></span>nti <span class=\"_ _d\"> </span>ed<span class=\"_ _2\"></span> <span class=\"_ _d\"> </span>inter<span class=\"_ _1\"></span>pret<span class=\"_ _2\"></span>azi<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span> <span class=\"_ _d\"> </span>omol<span class=\"_ _2\"></span>og<span class=\"_ _2\"></span>ati <span class=\"_ _d\"> </span>da<span class=\"_ _2\"></span>ll\u2019<span class=\"_ _1\"></span>UE, <span class=\"_ _d\"> </span>non <span class=\"_ _d\"> </span>an<span class=\"_ _2\"></span>cor<span class=\"_ _2\"></span>a obb<span class=\"_ _2\"></span>lig<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ment<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>app<span class=\"_ _2\"></span>lic<span class=\"_ _2\"></span>abi<span class=\"_ _2\"></span>li <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>ado<span class=\"_ _1\"></span>ttati<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>in v<span class=\"_ _2\"></span>ia <span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>icipa<span class=\"_ _1\"></span>ta da<span class=\"_ _1\"></span>l Grup<span class=\"_ _2\"></span>po Di <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>guito <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>elencano, <span class=\"_ _6\"></span>con <span class=\"_ _14\"></span>indicazione <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>data <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>decorrenza, <span class=\"_ _6\"></span>gli <span class=\"_ _14\"></span>emendamenti <span class=\"_ _6\"></span>omologati <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>non <span class=\"_ _14\"></span>adottati anticipatamente da<span class=\"_ _2\"></span>l Gruppo<span class=\"_ _2\"></span> e per i quali sono in<span class=\"_ _2\"></span> corso l<span class=\"_ _2\"></span>e valutazioni su ev<span class=\"_ _2\"></span>entuali impatt<span class=\"_ _2\"></span>i:<span class=\"_ _3\"></span> <span class=\"ff26 fs2 fc0\">Emendamento IAS 1 <span class=\"_ _3\"></span>- Disclosure of<span class=\"_ _3\"></span> Accounting Policies IAS 1 <span class=\"_ _3\"></span>and IFRS Practice Statement 2<span class=\"_ _6\"></span><span class=\"ff21\">. Le modifiche </span></span>si applicheranno a p<span class=\"_ _2\"></span>artire dal 2023. <span class=\"_ _2\"></span> <span class=\"ff26 fs2 fc0\">Emendamento IAS 8 - De<span class=\"_ _2\"></span>finition of Accoun<span class=\"_ _2\"></span>ting Estimates<span class=\"ff21\">. Le <span class=\"_ _2\"></span>modifiche si appl<span class=\"_ _2\"></span>icheranno a par<span class=\"_ _2\"></span>tire dal 2023. </span></span><span class=\"ff26 fs2 fc0\">Emendamento <span class=\"_ _3\"></span>IAS <span class=\"_ _6\"></span>12 <span class=\"_ _3\"></span>-<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Deferred <span class=\"_ _3\"></span>Tax <span class=\"_ _6\"></span>related <span class=\"_ _3\"></span>to <span class=\"_ _6\"></span>Assets<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>and <span class=\"_ _6\"></span>Liabilities <span class=\"_ _3\"></span>arising <span class=\"_ _3\"></span>from <span class=\"_ _6\"></span>a <span class=\"_ _3\"></span>Single <span class=\"_ _6\"></span>Transact<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span><span class=\"ff21\">. <span class=\"_ _6\"></span>Le </span></span>modifiche si app<span class=\"_ _2\"></span>licano dal 1\u00b0<span class=\"_ _2\"></span> gennaio 2023 Pr<span class=\"_ _2\"></span>inc<span class=\"_ _1\"></span>ipi co<span class=\"_ _1\"></span>ntabi<span class=\"_ _2\"></span>li,<span class=\"_ _1\"></span> emend<span class=\"_ _2\"></span>ame<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>i e<span class=\"_ _1\"></span>d inte<span class=\"_ _1\"></span>rpret<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>ioni<span class=\"_ _2\"></span> no<span class=\"_ _1\"></span>n anc<span class=\"_ _1\"></span>ora o<span class=\"_ _2\"></span>mol<span class=\"_ _2\"></span>ogat<span class=\"_ _1\"></span>i dal<span class=\"_ _2\"></span>l\u2019<span class=\"_ _2\"></span>UE e<span class=\"_ _1\"></span>d app<span class=\"_ _2\"></span>lic<span class=\"_ _1\"></span>abili<span class=\"_ _2\"></span> dag<span class=\"_ _2\"></span>li <span class=\"_ _1\"></span>eser<span class=\"_ _2\"></span>ciz<span class=\"_ _2\"></span>i c<span class=\"_ _2\"></span>he<span class=\"_ _2\"></span> in<span class=\"_ _2\"></span>iz<span class=\"_ _2\"></span>iano<span class=\"_ _2\"></span> do<span class=\"_ _2\"></span>po <span class=\"_ _1\"></span>il 1\u00b0<span class=\"_ _1\"></span> genna<span class=\"_ _2\"></span>io <span class=\"_ _1\"></span>2023 Di segui<span class=\"_ _2\"></span>to si <span class=\"_ _1\"></span>elencano, con <span class=\"_ _1\"></span>indicazione della <span class=\"_ _1\"></span>data di de<span class=\"_ _1\"></span>cor<span class=\"_ _3\"></span>renza, g<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i emenda<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>enti <span class=\"_ _1\"></span>non ancora o<span class=\"_ _2\"></span>mologati <span class=\"_ _2\"></span>e non adottati anticipa<span class=\"_ _2\"></span>tamente dal G<span class=\"_ _2\"></span>ruppo e per i qual<span class=\"_ _2\"></span>i sono in corso le va<span class=\"_ _2\"></span>lutazioni su e<span class=\"_ _2\"></span>ventuali impa<span class=\"_ _2\"></span>tti: Emendamento <span class=\"_ _11\"> </span>allo <span class=\"_ _11\"> </span>IAS <span class=\"_\"> </span>1 <span class=\"_ _12\"> </span><span class=\"ff27\">\u2013</span> <span class=\"_\"> </span>C<span class=\"_ _2\"></span>lassification <span class=\"_ _12\"> </span>of<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>liabilities <span class=\"_ _11\"> </span>as <span class=\"_\"> </span>c<span class=\"_ _1\"></span>urrent <span class=\"_\"> </span>or <span class=\"_ _12\"> </span>non <span class=\"_ _11\"> </span>current<span class=\"_ _3\"></span>: <span class=\"_\"> </span>L\u2019a<span class=\"_ _1\"></span>pplicazione <span class=\"_ _11\"> </span>delle modifiche origin<span class=\"_ _2\"></span>ariamente prev<span class=\"_ _2\"></span>ista a partire d<span class=\"_ _2\"></span>al 2022, \u00e8 stata pos<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>icipata al 2024. <span class=\"ff26 fs2 fc0\">Emendamento allo IAS 1 <span class=\"_ _3\"></span><span class=\"ff27\">\u2013</span> Non-current Liabilities with Covenants<span class=\"ff21\">: Le modifiche si <span class=\"_ _3\"></span>applicano dal 1\u00b0 gennaio </span></span>2024. <span class=\"ff26 fs2 fc0\">Emendamento <span class=\"_ _1\"></span>all'IFRS <span class=\"_ _1\"></span>16 <span class=\"_ _2\"></span><span class=\"ff27\">\u2013<span class=\"ff26\"> <span class=\"_ _1\"></span>Lease <span class=\"_ _2\"></span>Liability <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _1\"></span>a S<span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>and <span class=\"_ _1\"></span>Leaseback<span class=\"ff21\">. L<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>modifiche <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>applicano <span class=\"_ _1\"></span>dal 1\u00b0<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>gennaio </span></span></span></span>2024. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-734-2": {
   "value": "1. R<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>vi <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span>ti Nella <span class=\"_ _16\"></span>seguente <span class=\"_ _16\"></span>tabella <span class=\"_ _16\"></span>viene <span class=\"_ _16\"></span>data <span class=\"_ _1\"></span>evidenza <span class=\"_ _0\"></span>dei <span class=\"_ _1\"></span>ricavi <span class=\"_ _16\"></span>operativi <span class=\"_ _16\"></span>lordi, <span class=\"_ _16\"></span>degli <span class=\"_ _16\"></span>sconti <span class=\"_ _1\"></span>di <span class=\"_ _16\"></span>agenzia <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _16\"></span>operativi netti: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1d2\"> </span><span class=\"ls53\">2022<span class=\"_ _21\"> </span>2021</span>Ri<span class=\"_ _16\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>or<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1d3\"> </span>1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>12<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _a6\"> </span>1.1<span class=\"_ _1\"></span>36<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>9S<span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>gen<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _1d4\"> </span>(6<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _23\"> </span>(6<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2)Rica<span class=\"_ _2\"></span>vi o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span>vi ne<span class=\"_ _6\"></span>tti<span class=\"_ _3f\"> </span>1<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>64<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _16b\"> </span>1<span class=\"_ _3\"></span>.0<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,7I ricavi sono realizzati prevalentemente <span class=\"ls6\">in</span> Italia e Spagna. Per <span class=\"ls17\">la<span class=\"_ _3\"></span></span> suddivisione dei ricavi per <span class=\"_ _3\"></span>settore <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>attivit\u00e0 si rimanda alla suc<span class=\"_ _2\"></span>cessiva <span class=\"_ _2\"></span>Nota 14. La composizione de<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> ricavi <span class=\"_ _2\"></span>operativi lordi \u00e8 <span class=\"_ _2\"></span>esposta nel pro<span class=\"_ _2\"></span>spetto che s<span class=\"_ _2\"></span>egu<span class=\"_ _1\"></span>e: De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>one<span class=\"_ _1d5\"> </span><span class=\"ls54\">2022<span class=\"_ _1d6\"> </span>2021</span>P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> su reti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _4f\"> </span>1<span class=\"_ _1\"></span>50<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8e\"> </span>15<span class=\"_ _1\"></span>6,<span class=\"_ _16\"></span>8P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> su stam<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span>ernet ed even<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>rti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _99\"> </span>4<span class=\"_ _1\"></span>06<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8e\"> </span>41<span class=\"_ _1\"></span>3,<span class=\"_ _16\"></span>9Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> ri<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ve<span class=\"_ _1d7\"> </span>3<span class=\"_ _1\"></span>,8<span class=\"_ _b5\"> </span>3<span class=\"_ _1\"></span>,6Vend<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>ta<span class=\"_ _3\"></span> pu<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>bb<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _37\"> </span>42<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,2<span class=\"_ _1d6\"> </span>4<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>5IVA a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ta <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>\u2019e<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re<span class=\"_ _1d8\"> </span><span class=\"ff21\">(3<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _2c\"> </span>(3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)</span>Ri<span class=\"_ _16\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>versi<span class=\"_ _1d9\"> </span>1<span class=\"_ _1\"></span>42<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _8e\"> </span>11<span class=\"_ _1\"></span>5,<span class=\"_ _16\"></span>6Totale<span class=\"_ _6\"></span> r<span class=\"_ _2\"></span>ica<span class=\"_ _2\"></span>vi o<span class=\"_ _6\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>tivi lo<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>di<span class=\"_ _f0\"> </span>1<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _e0\"> </span>1<span class=\"_ _3\"></span>.1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9I <span class=\"_ _10\"> </span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _f\"> </span>operativi <span class=\"_ _10\"> </span>lordi, <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>ad <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>1.<span class=\"_ _3\"></span>126,7 <span class=\"_ _f\"> </span><span class=\"ff24\">milioni <span class=\"_ _f\"> </span>presentano, <span class=\"_ _10\"> </span>rispetto <span class=\"_ _f\"> </span>all\u2019esercizio <span class=\"_ _10\"> </span>precede<span class=\"_ _3\"></span></span>nte, <span class=\"_ _11\"> </span>un decremento <span class=\"_\"> </span>di <span class=\"_\"> </span>Euro<span class=\"_ _2\"></span> <span class=\"_\"> </span><span class=\"ls55\">10</span>,2 <span class=\"_\"> </span>milioni. <span class=\"_\"> </span>Il <span class=\"_ _f\"> </span>decremento <span class=\"_ _f\"> </span>dei <span class=\"_ _4\"> </span>ricavi <span class=\"_ _4\"> </span>pubblicitari <span class=\"_ _f\"> </span>e <span class=\"_ _4\"> </span>da <span class=\"_ _4\"> </span>vendita <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>pubbl<span class=\"_ _2\"></span>icazioni (principalmente <span class=\"_ _10\"> </span>attribuibile <span class=\"_ _f\"> </span>al <span class=\"_ _4\"> </span>calo <span class=\"_ _f\"> </span>delle <span class=\"_ _4\"> </span>diffusioni<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>cartacee <span class=\"_ _4\"> </span>e <span class=\"_ _f\"> </span>dei <span class=\"_ _4\"> </span>prodotti <span class=\"_ _f\"> </span>collaterali) <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _4\"> </span>parzialme<span class=\"_ _2\"></span>nte compensato dal<span class=\"_ _2\"></span>la crescita dei ric<span class=\"_ _2\"></span>avi diversi anche per il<span class=\"_ _2\"></span> buon andamento deg<span class=\"_ _2\"></span>li eventi sportivi. Come meglio des<span class=\"_ _2\"></span>critto nell<span class=\"_ _2\"></span>a Relazione degl<span class=\"_ _2\"></span>i amminist<span class=\"_ _2\"></span>ratori sulla gestione, nel <span class=\"_ _2\"></span>corso <span class=\"ff24\">del<span class=\"_ _2\"></span>l\u2019e<span class=\"_ _1\"></span>serc<span class=\"_ _2\"></span>iz<span class=\"_ _2\"></span>io:<span class=\"_ _1\"></span><span class=\"ff21\"> </span></span><span class=\"ff21 fs2 fc0\">i <span class=\"_ _2\"></span>ricavi <span class=\"_ _16\"></span>diffusionali <span class=\"_ _16\"></span>(i<span class=\"_ _3\"></span>nclusa <span class=\"_ _16\"></span>la <span class=\"_ _1\"></span>quota <span class=\"_ _1\"></span>abbonamenti) <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a E<span class=\"_ _1\"></span>uro <span class=\"_ _1\"></span>4<span class=\"_ _3\"></span>27,2 <span class=\"_ _1\"></span>milioni, <span class=\"_ _16\"></span>riconducibili <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>355,9 </span>milioni al Gruppo R<span class=\"_ _2\"></span>CS e p<span class=\"_ _2\"></span>er Euro 71,1 milioni ai<span class=\"_ _2\"></span> periodici di Cai<span class=\"_ _2\"></span>ro Editore; <span class=\"ff21 fs2 fc0\">la <span class=\"_ _6\"></span>rac<span class=\"_ _3\"></span>colta <span class=\"_ _6\"></span>pubblicitaria <span class=\"_ _3\"></span>lorda <span class=\"_ _14\"></span>relativa <span class=\"_ _6\"></span>alle <span class=\"_ _3\"></span>testate <span class=\"_ _14\"></span>del <span class=\"_ _3\"></span>Gruppo, <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>siti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>eventi <span class=\"_ _6\"></span>sportivi <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>st<span class=\"_ _3\"></span>ata<span class=\"_ _2\"></span> </span>pari <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>398,1 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>riconducibile <span class=\"_ _3\"></span>prevalentemente <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>38<span class=\"_ _3\"></span>3 <span class=\"_ _6\"></span>milioni) <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>alle <span class=\"_ _3\"></span>testate <span class=\"_ _6\"></span>di Cairo Editore (Eu<span class=\"_ _2\"></span>ro 12,5 milioni); <span class=\"ff21 fs2 fc0\">la <span class=\"_ _6\"></span>raccolta <span class=\"_ _6\"></span>pubblicitaria <span class=\"_ _6\"></span>lorda <span class=\"_ _6\"></span>sui <span class=\"_ _6\"></span>canali <span class=\"_ _6\"></span>La7 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>La7d <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>complessivi <span class=\"_ _14\"></span>circa <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>150 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro </span>155,5 m<span class=\"_ _2\"></span>ilioni <span class=\"_ _1\"></span>nel<span class=\"_ _3\"></span> 20<span class=\"_ _2\"></span>21), <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>entre <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>l co<span class=\"_ _2\"></span>ntributo <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>nale <span class=\"ff26\">C<span class=\"_ _2\"></span>accia<span class=\"ff21\"> <span class=\"ls4\">e <span class=\"_ _1\"></span><span class=\"ff26 ls0\">Pesca<span class=\"ff21\"> d<span class=\"_ _2\"></span>i R<span class=\"_ _2\"></span>CS <span class=\"_ _2\"></span>\u00e8 stato <span class=\"_ _1\"></span>pari a <span class=\"_ _1\"></span>Euro 0,4 <span class=\"_ _2\"></span>milioni; </span></span></span></span></span><span class=\"ff21 fs2 fc0\">al netto degli <span class=\"_ _2\"></span>sconti d<span class=\"_ _2\"></span>i agenzia pa<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>i a Eu<span class=\"_ _2\"></span>ro 62,7 milion<span class=\"_ _2\"></span>i, i ric<span class=\"_ _2\"></span>avi pubblic<span class=\"_ _2\"></span>itari net<span class=\"_ _2\"></span>ti sono sta<span class=\"_ _2\"></span>ti pari <span class=\"_ _2\"></span>ad Euro 493,9 </span>milioni, ricondu<span class=\"_ _2\"></span>cibili al Gruppo R<span class=\"_ _2\"></span>CS per Euro 345,4 milio<span class=\"_ _2\"></span>ni. I <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>diversi <span class=\"_ _3\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>42,9 <span class=\"_ _6\"></span>milioni, <span class=\"_ _6\"></span>includono <span class=\"_ _3\"></span>principalmente <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>realizzati <span class=\"_ _3\"></span>tramite <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>multiplex <span class=\"_ _6\"></span>di propriet\u00e0 <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>controllata <span class=\"_ _6\"></span>Unidad <span class=\"_ _14\"></span>Editorial <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>due <span class=\"_ _14\"></span>canali <span class=\"_ _6\"></span>televisivi, <span class=\"_ _14\"></span>i <span class=\"_ _6\"></span>ricavi <span class=\"_ _14\"></span>derivanti <span class=\"_ _14\"></span>dagli <span class=\"_ _6\"></span>eventi <span class=\"_ _14\"></span>sportivi, dalle attivit\u00e0 di d<span class=\"_ _2\"></span>istribuzione e di<span class=\"_ _2\"></span> <span class=\"ff26\">direct marketing </span>e alt<span class=\"_ _2\"></span>ri ricavi di natu<span class=\"_ _2\"></span>ra operativa. 2022E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria Co<span class=\"_ _1\"></span>nces<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ari<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria <span class=\"_ _2\"></span>tele<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>a RCSI<span class=\"_ _16\"></span>nfra <span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le(V<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> in m<span class=\"_ _16\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> L<span class=\"_ _1\"></span>a7 e o<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>re d<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _2\"></span>teCa<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _2\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> nett<span class=\"_ _1\"></span>i<span class=\"_ _20c\"> </span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _191\"> </span>3<span class=\"_ _3\"></span>4<span class=\"_ _6\"></span>9,6<span class=\"_ _67\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,8<span class=\"_ _a0\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,0<span class=\"_ _1d\"> </span>(32<span class=\"_ _3\"></span>4<span class=\"_ _6\"></span>,9)<span class=\"_ _19\"> </span>1.0<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0V<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ze<span class=\"_ _88\"> </span>0,<span class=\"_ _2\"></span>0<span class=\"_ _7a\"> </span><span class=\"fc0\">-<span class=\"_ _e9\"> </span>-<span class=\"_ _1c4\"> </span></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _110\"> </span></span>2,<span class=\"_ _2\"></span>4A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _20d\"> </span>7<span class=\"_ _2\"></span>,9<span class=\"_ _18c\"> </span>6,<span class=\"_ _2\"></span>2<span class=\"_ _1a6\"> </span>4,<span class=\"_ _1\"></span>6<span class=\"_ _162\"> </span>36<span class=\"_ _1\"></span>,0<span class=\"_ _6a\"> </span>(5<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _a0\"> </span>49<span class=\"_ _1\"></span>,2T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le<span class=\"_ _3\"></span> ri<span class=\"_ _3\"></span>cav<span class=\"_ _0\"></span>i<span class=\"_ _1f0\"> </span>87<span class=\"_ _3\"></span>,5<span class=\"_ _20e\"> </span>3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,8<span class=\"_ _67\"> </span>11<span class=\"_ _3\"></span>9<span class=\"_ _6\"></span>,5<span class=\"_ _54\"> </span>8<span class=\"_ _6\"></span>83<span class=\"_ _3\"></span>,4<span class=\"_ _1d\"> </span>(3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)<span class=\"_ _19\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,7C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11d\"> </span>(6<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _89\"> </span>(3<span class=\"_ _1\"></span>27<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _20f\"> </span>(6<span class=\"_ _1\"></span>6,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(5<span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _10e\"> </span>33<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>7<span class=\"_ _210\"> </span>(6<span class=\"_ _1\"></span>40<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el <span class=\"_ _1\"></span>p<span class=\"_ _6\"></span>ers<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _211\"> </span>(1<span class=\"_ _1\"></span>6,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _14e\"> </span>(2<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>5)<span class=\"_ _157\"> </span>(3<span class=\"_ _1\"></span>7,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _1\"></span>38<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(0<span class=\"_ _1\"></span>,1)<span class=\"_ _212\"> </span>(3<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>)Pr<span class=\"_ _2\"></span>ov<span class=\"_ _6\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _213\"> </span><span class=\"fc0\">-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _167\"> </span></span>(1<span class=\"_ _1\"></span>2,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _1d\"> </span></span>(1<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)M<span class=\"_ _16\"></span>argi<span class=\"_ _3\"></span>ne op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>iv<span class=\"_ _16\"></span>o lo<span class=\"_ _2\"></span>rd<span class=\"_ _16\"></span>o<span class=\"_ _16a\"> </span>4,4<span class=\"_ _18c\"> </span>4,8<span class=\"_ _70\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,6<span class=\"_ _a0\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _1e\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1A<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>rt<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _2\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>alut<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span>(2<span class=\"_ _1\"></span>,5<span class=\"_ _2\"></span>)<span class=\"_ _78\"> </span>(2<span class=\"_ _1\"></span>,2)<span class=\"_ _15c\"> </span>(1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _167\"> </span>(5<span class=\"_ _1\"></span>7,1<span class=\"_ _1\"></span>)<span class=\"_ _160\"> </span>0,<span class=\"_ _2\"></span>0<span class=\"_ _1d\"> </span>(7<span class=\"_ _1\"></span>7,8<span class=\"_ _1\"></span>)Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rativ<span class=\"_ _0\"></span>o<span class=\"_ _216\"> </span>1<span class=\"_ _3\"></span>,9<span class=\"_ _217\"> </span>2<span class=\"_ _3\"></span>,6<span class=\"_ _206\"> </span>(0<span class=\"_ _3\"></span>,4)<span class=\"_ _6a\"> </span>65<span class=\"_ _3\"></span>,0<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _15d\"> </span>69<span class=\"_ _3\"></span>,3A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _2\"></span>on<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>as<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> f<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _d7\"> </span><span class=\"fc0\">-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _6a\"> </span></span>(4,<span class=\"_ _1\"></span>1)<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _15d\"> </span></span>(4<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)G<span class=\"_ _16\"></span>es<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e fi<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _6\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _16e\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _66\"> </span>(0<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _70\"> </span>(0,<span class=\"_ _1\"></span>4)<span class=\"_ _6a\"> </span>(8<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(0<span class=\"_ _1\"></span>,0)<span class=\"_ _15d\"> </span>(<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,8<span class=\"_ _1\"></span>)Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> p<span class=\"_ _16\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>le<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1ef\"> </span>1<span class=\"_ _3\"></span>,8<span class=\"_ _217\"> </span>2<span class=\"_ _3\"></span>,3<span class=\"_ _6e\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,8)<span class=\"_ _218\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,0<span class=\"_ _56\"> </span>0,1<span class=\"_ _15d\"> </span>5<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,4Im<span class=\"_ _16\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>te<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _6\"></span>l<span class=\"_ _1\"></span> redd<span class=\"_ _6\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _1b1\"> </span>0,<span class=\"_ _2\"></span>9<span class=\"_ _78\"> </span>(1<span class=\"_ _1\"></span>,1)<span class=\"_ _70\"> </span>(0<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(4<span class=\"_ _1\"></span>,5)<span class=\"_ _218\"> </span>(0<span class=\"_ _2\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _15d\"> </span>(4<span class=\"_ _2\"></span>,7<span class=\"_ _1\"></span>)Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> nett<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _16\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>o<span class=\"_ _219\"> </span>2<span class=\"_ _3\"></span>,8<span class=\"_ _217\"> </span>1<span class=\"_ _3\"></span>,2<span class=\"_ _206\"> </span>(0<span class=\"_ _3\"></span>,8)<span class=\"_ _218\"> </span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,5<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _15d\"> </span>51<span class=\"_ _3\"></span>,7Di cui d<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>tinenza <span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> t<span class=\"_ _2\"></span>erz<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span><span class=\"fc0\">-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _15d\"> </span></span>(19<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _6a\"> </span><span class=\"ff21\">(0,<span class=\"_ _1\"></span>0)<span class=\"_ _9\"> </span><span class=\"ff23\">(<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6)</span></span>2021E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria Co<span class=\"_ _1\"></span>nces<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ari<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria <span class=\"_ _2\"></span>tele<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>a RCSI<span class=\"_ _16\"></span>nfra <span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le(V<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> in m<span class=\"_ _16\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> L<span class=\"_ _1\"></span>a7 e o<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>re d<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _2\"></span>teCa<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _2\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> nett<span class=\"_ _1\"></span>i<span class=\"_ _20c\"> </span><span class=\"fc1\">8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,2<span class=\"_ _191\"> </span>3<span class=\"_ _3\"></span>6<span class=\"_ _6\"></span>9,8<span class=\"_ _67\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,3<span class=\"_ _a0\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,2<span class=\"_ _1d\"> </span>(34<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>,8)<span class=\"_ _19\"> </span>1.0<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,7</span>V<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ze<span class=\"_ _17d\"> </span><span class=\"fc1\">-<span class=\"_ _7a\"> </span></span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _160\"> </span><span class=\"fc1\">0,<span class=\"_ _2\"></span>4<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _110\"> </span></span>0,<span class=\"_ _2\"></span>4</span>A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _20d\"> </span>4<span class=\"_ _2\"></span>,2<span class=\"_ _18c\"> </span>4,<span class=\"_ _2\"></span>1<span class=\"_ _1a6\"> </span>2,<span class=\"_ _1\"></span>8<span class=\"_ _162\"> </span>33<span class=\"_ _1\"></span>,0<span class=\"_ _6a\"> </span><span class=\"fc0\">(4<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _a0\"> </span><span class=\"fc1\">39<span class=\"_ _1\"></span>,1</span></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le<span class=\"_ _3\"></span> ri<span class=\"_ _3\"></span>cav<span class=\"_ _0\"></span>i<span class=\"_ _1f0\"> </span><span class=\"fc1\">88<span class=\"_ _3\"></span>,4<span class=\"_ _20e\"> </span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,9<span class=\"_ _67\"> </span>11<span class=\"_ _3\"></span>5<span class=\"_ _6\"></span>,2<span class=\"_ _54\"> </span>8<span class=\"_ _6\"></span>79<span class=\"_ _3\"></span>,5<span class=\"_ _1d\"> </span>(3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>)<span class=\"_ _19\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,3</span>C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11d\"> </span><span class=\"fc1\">(6<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _89\"> </span>(3<span class=\"_ _1\"></span>46<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _20f\"> </span>(6<span class=\"_ _1\"></span>1,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(4<span class=\"_ _1\"></span>82<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _10e\"> </span>34<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>0<span class=\"_ _210\"> </span>(6<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span>,5<span class=\"_ _2\"></span>)</span>C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el <span class=\"_ _1\"></span>p<span class=\"_ _6\"></span>ers<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _211\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>7,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _14e\"> </span>(2<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4)<span class=\"_ _157\"> </span>(3<span class=\"_ _1\"></span>8,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(0<span class=\"_ _1\"></span>,1)<span class=\"_ _212\"> </span>(3<span class=\"_ _1\"></span>21<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)</span>Pr<span class=\"_ _2\"></span>ov<span class=\"_ _6\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _213\"> </span>-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _6a\"> </span><span class=\"fc1\">(3<span class=\"_ _2\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _15d\"> </span></span>(3,<span class=\"_ _1\"></span>8)</span>M<span class=\"_ _16\"></span>argi<span class=\"_ _3\"></span>ne op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>iv<span class=\"_ _16\"></span>o lo<span class=\"_ _2\"></span>rd<span class=\"_ _16\"></span>o<span class=\"_ _16a\"> </span><span class=\"fc1\">9,2<span class=\"_ _217\"> </span>2<span class=\"_ _3\"></span>,9<span class=\"_ _70\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _a0\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,5<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1e\"> </span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,4</span>A<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>rt<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _2\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>alut<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _78\"> </span>(2<span class=\"_ _1\"></span>,1)<span class=\"_ _15c\"> </span>(1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _167\"> </span>(5<span class=\"_ _1\"></span>6,0<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span>-<span class=\"_ _14b\"> </span>(7<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>2)</span>Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rativ<span class=\"_ _0\"></span>o<span class=\"_ _216\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,4<span class=\"_ _217\"> </span>0<span class=\"_ _3\"></span>,8<span class=\"_ _206\"> </span>(0<span class=\"_ _3\"></span>,7)<span class=\"_ _218\"> </span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1e\"> </span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,2</span>A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _2\"></span>on<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>as<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> f<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _d7\"> </span>-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _160\"> </span><span class=\"fc1\">4,6<span class=\"_ _1fd\"> </span></span>-<span class=\"_ _110\"> </span><span class=\"fc1\">4,6</span>G<span class=\"_ _16\"></span>es<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e fi<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _6\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _10f\"> </span><span class=\"fc1\">-<span class=\"_ _66\"> </span>(0<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>)<span class=\"_ _70\"> </span>(0,<span class=\"_ _1\"></span>1)<span class=\"_ _d5\"> </span>(1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,6)<span class=\"_ _1fd\"> </span>-<span class=\"_ _14b\"> </span>(1<span class=\"_ _1\"></span>1,1<span class=\"_ _1\"></span>)</span>Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> p<span class=\"_ _16\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>le<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1ef\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,3<span class=\"_ _217\"> </span>0<span class=\"_ _3\"></span>,4<span class=\"_ _6e\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,7)<span class=\"_ _218\"> </span>8<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _56\"> </span>0,2<span class=\"_ _15d\"> </span>9<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,8</span>Im<span class=\"_ _16\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>te<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _6\"></span>l<span class=\"_ _1\"></span> redd<span class=\"_ _6\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _200\"> </span><span class=\"fc1\">(0,<span class=\"_ _1\"></span>9)<span class=\"_ _78\"> </span>(0<span class=\"_ _1\"></span>,5)<span class=\"_ _1a6\"> </span>2<span class=\"_ _1\"></span>,7<span class=\"_ _d5\"> </span>(1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _6a\"> </span>(0,<span class=\"_ _1\"></span>1)<span class=\"_ _1d\"> </span>(1<span class=\"_ _1\"></span>6,8<span class=\"_ _1\"></span>)</span>Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> nett<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _16\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>o<span class=\"_ _219\"> </span><span class=\"fc1\">6<span class=\"_ _3\"></span>,4<span class=\"_ _1a6\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,1)<span class=\"_ _21b\"> </span>1<span class=\"_ _3\"></span>,9<span class=\"_ _218\"> </span>7<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,6<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _15d\"> </span>79<span class=\"_ _6\"></span>,9</span>Di cui d<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>tinenza <span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> t<span class=\"_ _2\"></span>erz<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span>-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _110\"> </span><span class=\"fc1\">2<span class=\"_ _6\"></span>8,9<span class=\"_ _21c\"> </span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,9</span>Il<span class=\"ls0\"> manage<span class=\"_ _2\"></span>ment <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>onitora <span class=\"_ _1\"></span>i risul<span class=\"_ _2\"></span>tati op<span class=\"_ _1\"></span>erativi delle <span class=\"_ _1\"></span><span class=\"ff26\">business un<span class=\"_ _2\"></span>its <span class=\"ff21\">s<span class=\"_ _2\"></span>eparatamente <span class=\"_ _1\"></span>al fi<span class=\"_ _2\"></span>ne <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>definire <span class=\"_ _14\"></span><span class=\"ff24\">l\u2019allocaz<span class=\"_ _2\"></span>ione<span class=\"ff21\"> </span></span></span></span></span>delle <span class=\"_ _8\"></span>risorse <span class=\"_ _15\"> </span>e <span class=\"_ _8\"></span><span class=\"ls6\">la</span> <span class=\"_ _15\"> </span>valutazione <span class=\"_ _8\"></span>dei <span class=\"_ _15\"></span>risultati. <span class=\"_ _8\"></span>I <span class=\"_ _15\"> </span>prezzi <span class=\"_ _15\"> </span><span class=\"ls7\">di</span> <span class=\"_ _15\"> </span>trasferimento tra <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>settori operativi <span class=\"_ _3\"></span>sono definiti <span class=\"_ _3\"></span>sulla base delle condizio<span class=\"_ _2\"></span>ni di merca<span class=\"_ _2\"></span>to applicabili nel<span class=\"_ _2\"></span>le transazion<span class=\"_ _2\"></span>i con terzi. I <span class=\"_ _7\"></span>dati <span class=\"_ _7\"></span>patrimoniali <span class=\"_ _7\"></span>di <span class=\"_ _8\"></span>settore, <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>del <span class=\"_ _8\"></span>totale <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>ciascun <span class=\"_ _8\"></span>settore<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>oggetto <span class=\"_ _8\"></span>di informativa, <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>costituiscono <span class=\"_ _14\"></span>invece <span class=\"_ _7\"></span>valori <span class=\"_ _14\"></span>forniti <span class=\"_ _14\"></span>periodicamente <span class=\"_ _14\"></span><span class=\"ls4\">al</span> <span class=\"_ _7\"></span>p<span class=\"_ _1\"></span>i\u00f9 alto <span class=\"_ _6\"></span>livello <span class=\"_ _6\"></span>decisionale <span class=\"_ _6\"></span>operativo.<span class=\"_ _2\"></span> Tale <span class=\"_ _1\"></span>dettaglio <span class=\"_ _16\"></span>non <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span>quindi <span class=\"_ _1\"></span>fornito <span class=\"_ _1\"></span>nelle <span class=\"_ _1\"></span>presenti <span class=\"_ _1\"></span><span class=\"ff24\">note <span class=\"_ _1\"></span>esplicative <span class=\"_ _1\"></span>in a<span class=\"_ _2\"></span>ccordo <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>\u2019emendamento <span class=\"_ _1\"></span>dell\u2019IFRS </span>8 - <span class=\"ff26\">Settori operat<span class=\"_ _2\"></span>ivi<span class=\"ff21\">. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-759-2": {
   "value": "2. <span class=\"_ _1\"></span>Altri<span class=\"_ _1\"></span> rica<span class=\"_ _2\"></span>vi <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>prov<span class=\"_ _1\"></span>enti Gli <span class=\"_ _15\"></span><span class=\"ff24\">\u201caltri</span> <span class=\"_ _8\"></span>ricavi <span class=\"_ _8\"></span>e <span class=\"_ _15\"> </span><span class=\"ff24\">proventi\u201d</span> <span class=\"_ _8\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>pari <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>Euro <span class=\"_ _8\"></span>50,4 <span class=\"_ _15\"> </span>milioni <span class=\"_ _15\"></span>(Euro <span class=\"_ _8\"></span>39,1 <span class=\"_ _15\"></span>milioni <span class=\"_ _8\"></span>nel <span class=\"_ _15\"></span>2021), di cui Euro 35,6 milioni <span class=\"_ _6\"></span>riconducibili <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>(Euro <span class=\"_ _14\"></span>31,3 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>2021)<span class=\"_ _3\"></span>, <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>includono <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _3\"></span><span class=\"ls7\">da<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>macero <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>vendit<span class=\"_ _2\"></span>a carta, addebiti di cos<span class=\"_ _2\"></span>ti tecnici pubblicita<span class=\"_ _2\"></span>ri, affitti attivi, sopravvenienze <span class=\"_ _3\"></span>attive, <span class=\"_ _3\"></span>proventi per <span class=\"_ _3\"></span>contributi <span class=\"_ _3\"></span>ricevuti e altre voci di r<span class=\"_ _2\"></span>icavo divers<span class=\"_ _2\"></span>i da quelli operat<span class=\"_ _2\"></span>ivi. La <span class=\"_ _1\"></span>variazione <span class=\"_ _16\"></span>della <span class=\"_ _1\"></span>voce <span class=\"_ _1\"></span>\u201caltri <span class=\"_ _16\"></span>ric<span class=\"ff21\">a</span>vi <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>proventi\u201d <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>riconducibile <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>Euro <span class=\"_ _1\"></span>16,4 <span class=\"_ _1\"></span>milioni <span class=\"_ _16\"></span>ai <span class=\"_ _1\"></span>proventi <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>contributi che <span class=\"_ _7\"></span>comprendono <span class=\"_ _14\"></span>principalmente <span class=\"_ _14\"></span>a) <span class=\"_ _7\"></span>il <span class=\"_ _7\"> </span>contributo <span class=\"_ _7\"> </span>carta <span class=\"_ _14\"></span>sul<span class=\"_ _3\"></span>l\u2019acquisto <span class=\"_ _14\"></span>e <span class=\"_ _7\"> </span>consumo <span class=\"_ _14\"></span>carta <span class=\"_ _7\"> </span>age<span class=\"_ _3\"></span>volato <span class=\"_ _7\"></span>per <span class=\"_ _14\"></span>l\u2019anno 2021, <span class=\"_\"> </span>ai <span class=\"_\"> </span>sensi <span class=\"_\"> </span>di <span class=\"_\"> </span>quanto <span class=\"_ _11\"> </span>previsto <span class=\"_\"> </span>dall\u2019art. <span class=\"_\"> </span>188 <span class=\"_\"> </span>del <span class=\"_\"> </span>Decreto<span class=\"ff21\">-legge <span class=\"_\"> </span>del <span class=\"_\"> </span>19/05/2020 <span class=\"_\"> </span>n. <span class=\"_\"> </span>34 <span class=\"_\"> </span>conve<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>tito <span class=\"_\"> </span>con </span>modificazioni <span class=\"_ _12\"> </span>dalla <span class=\"_ _11\"> </span>Legge <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>17/07/2020 <span class=\"_ _12\"> </span>n. <span class=\"_\"> </span>77)<span class=\"_ _2\"></span>, <span class=\"_ _12\"> </span>dall\u2019art. <span class=\"_ _11\"> </span>1 <span class=\"_ _11\"> </span>commi <span class=\"_ _12\"> </span>378<span class=\"_ _3\"></span>-379 <span class=\"_ _11\"> </span>Legge <span class=\"_ _11\"> </span>n. <span class=\"_ _11\"> </span>234/2021 <span class=\"_ _12\"> </span>(legge finanziaria <span class=\"_ _14\"></span>2022), <span class=\"_ _6\"></span>dall\u2019art. <span class=\"_ _14\"></span>4, <span class=\"_ _14\"></span>comm<span class=\"ff21\">i <span class=\"_ _7\"></span>da <span class=\"_ _14\"></span>182 <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>186 <span class=\"_ _14\"></span>della <span class=\"_ _14\"></span>legge <span class=\"_ _14\"></span>24 <span class=\"_ _14\"></span>dicembre <span class=\"_ _14\"></span>2003, <span class=\"_ _6\"></span>n. <span class=\"_ _14\"></span>350 <span class=\"_ _14\"></span>(<span class=\"_ _3\"></span>legge <span class=\"_ _14\"></span>finanziaria </span>2004), <span class=\"_ _14\"></span>visti <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>DPCM <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>21.12.2004 <span class=\"_ _14\"></span>n. <span class=\"_ _14\"></span>318 <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>l\u2019<span class=\"_ _3\"></span>art. <span class=\"_ _14\"></span>67, <span class=\"_ _14\"></span>commi <span class=\"_ _14\"></span>9<span class=\"ff21\">-bis, <span class=\"_ _7\"></span>9-ter <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>9-quater <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>decreto-legge <span class=\"_ _14\"></span>25 </span>maggio 2021, n.<span class=\"_ _2\"></span> 73, conver<span class=\"_ _2\"></span>tito, con modificaz<span class=\"_ _2\"></span>ioni, dal<span class=\"_ _2\"></span>la legge 23 lu<span class=\"_ _2\"></span>glio 2021, n. 106 e b<span class=\"_ _2\"></span>) il <span class=\"ff24\">credito d\u2019<span class=\"_ _2\"></span>imposta </span>a <span class=\"_\"> </span>favo<span class=\"_ _2\"></span>re <span class=\"_\"> </span>d<span class=\"_ _1\"></span>elle <span class=\"_\"> </span>imprese <span class=\"_ _11\"> </span>editrici <span class=\"_ _11\"> </span>di <span class=\"_\"> </span>quo<span class=\"_ _2\"></span>tidiani <span class=\"_ _11\"> </span>e <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>periodici <span class=\"_ _11\"> </span>delle <span class=\"_\"> </span>sp<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _11\"> </span>sostenute <span class=\"_\"> </span>n<span class=\"_ _2\"></span>ell\u2019anno <span class=\"_ _11\"> </span>2020 <span class=\"_\"> </span>pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> <span class=\"_\"> </span>la<span class=\"_ _1\"></span> distribuzione <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>testate <span class=\"_ _1\"></span>edite <span class=\"_ _16\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>sensi <span class=\"_ _1\"></span>dell\u2019art.67 <span class=\"_ _16\"></span>comma <span class=\"_ _16\"></span>1 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>decreto<span class=\"ff21\">-legge <span class=\"_ _1\"></span>25 <span class=\"_ _16\"></span>maggio <span class=\"_ _1\"></span>2021 <span class=\"_ _16\"></span>n. <span class=\"_ _1\"></span>73  <span class=\"_ _1\"></span>convertito </span>con <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>odificazioni <span class=\"_ _3\"></span>dalla <span class=\"_ _6\"></span>legge <span class=\"_ _3\"></span>23 <span class=\"_ _6\"></span>luglio <span class=\"_ _3\"></span>2021, <span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span>106. <span class=\"_ _3\"></span>Inoltre, <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>compresi <span class=\"_ _3\"></span>contributi <span class=\"_ _6\"></span>ricevuti <span class=\"_ _3\"></span>dalla <span class=\"_ _6\"></span>societ\u00e0 RCS Sport per at<span class=\"_ _2\"></span>tivit\u00e0 promoz<span class=\"_ _2\"></span>ionali realizz<span class=\"_ _2\"></span>ate. 3. <span class=\"_ _1\"></span>Varia<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>rima<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>nze<span class=\"_ _1\"></span> prod<span class=\"_ _2\"></span>ott<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>fin<span class=\"_ _2\"></span>iti La <span class=\"_ _6\"></span>voce, <span class=\"_ _6\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _3\"></span>2,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _6\"></span>0,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>nel <span class=\"_ _3\"></span>2021), <span class=\"_ _6\"></span>rappresenta <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>normale <span class=\"_ _6\"></span>processo <span class=\"_ _6\"></span>di utilizzo dei prodo<span class=\"_ _2\"></span>tti finiti o<span class=\"_ _2\"></span>ggetto di commer<span class=\"_ _2\"></span>cializzazione da p<span class=\"_ _2\"></span>arte delle soci<span class=\"_ _2\"></span>et\u00e0 del Gruppo. 9. <span class=\"_ _1\"></span>Altri<span class=\"_ _1\"></span> cost<span class=\"_ _2\"></span>i o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ivi La voce pu\u00f2 <span class=\"_ _3\"></span>essere cos\u00ec detta<span class=\"_ _2\"></span>gli<span class=\"_ _1\"></span>ata: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1eb\"> </span><span class=\"ls5b\">2022<span class=\"_ _58\"> </span>2021</span>Tasse<span class=\"_ _3\"></span> ded<span class=\"_ _1\"></span>uci<span class=\"_ _16\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ded<span class=\"_ _1\"></span>uci<span class=\"_ _16\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>el<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _94\"> </span><span class=\"ff21\">3,<span class=\"_ _16\"></span>3<span class=\"_ _1ec\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1</span>Al<span class=\"_ _16\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> g<span class=\"_ _2\"></span>esti<span class=\"_ _16\"></span>on<span class=\"_ _16\"></span>e<span class=\"_ _1db\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _139\"> </span>12<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span>6Total<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> al<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>ti ope<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>i<span class=\"_ _1d8\"> </span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _40\"> </span>1<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,7Gli <span class=\"_ _15\"> </span>altri <span class=\"_ _12\"> </span>costi <span class=\"_ _12\"> </span>operativi, <span class=\"_ _15\"> </span><span class=\"ls6\">in</span> <span class=\"_ _15\"> </span>i<span class=\"_ _3\"></span>ncremento <span class=\"_ _15\"> </span>rispetto <span class=\"_ _15\"> </span><span class=\"ff24\">all\u2019esercizio</span> <span class=\"_ _12\"> </span>precedente, <span class=\"_ _15\"> </span>includono <span class=\"_ _15\"> </span>quote associative, contributi, spese d<span class=\"_ _2\"></span>i rappresentanza, <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>iberalit\u00e0 ed on<span class=\"_ _2\"></span>eri per transaz<span class=\"_ _2\"></span>ioni. La voce include pe<span class=\"_ _2\"></span>r circa Euro 10 <span class=\"_ _2\"></span>milioni gli oneri non<span class=\"_ _1\"></span> ri<span class=\"_ _3\"></span>correnti im<span class=\"_ _2\"></span>putabili alla transaz<span class=\"_ _2\"></span>ione del conten<span class=\"_ _2\"></span>zioso relativo al comp<span class=\"_ _2\"></span>lesso immobilia<span class=\"_ _2\"></span>re di via Solferin<span class=\"_ _2\"></span>o/San Mar<span class=\"_ _2\"></span>co/Balzan. 12. P<span class=\"_ _1\"></span>rove<span class=\"_ _2\"></span>nti <span class=\"_ _2\"></span>e o<span class=\"_ _1\"></span>neri <span class=\"_ _2\"></span>non r<span class=\"_ _1\"></span>icorr<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i In accordo a<span class=\"_ _1\"></span>lla Delibera C<span class=\"_ _2\"></span>ONSOB <span class=\"_ _1\"></span>n. 15519 si riportano <span class=\"_ _1\"></span>di seguito i princip<span class=\"_ _2\"></span>ali compone<span class=\"_ _2\"></span>nti di red<span class=\"_ _2\"></span>dito (pos<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>tivi e/o nega<span class=\"_ _2\"></span>tivi) d<span class=\"_ _2\"></span>erivanti da<span class=\"_ _1\"></span> eventi od <span class=\"_ _2\"></span>operazion<span class=\"_ _2\"></span>i <span class=\"ls17\">il</span> c<span class=\"_ _2\"></span>ui ac<span class=\"_ _2\"></span>cadimento <span class=\"_ _1\"></span>risulta non <span class=\"_ _16\"></span>ri<span class=\"_ _3\"></span>corrente <span class=\"_ _1\"></span>ovvero <span class=\"_ _16\"></span>derivanti <span class=\"_ _1\"></span>quelle operazioni <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>fatti ch<span class=\"_ _1\"></span>e non <span class=\"_ _16\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ipetono <span class=\"_ _1\"></span>frequentemente n<span class=\"_ _2\"></span>el consueto svolg<span class=\"_ _2\"></span>imento dell\u2019attivi<span class=\"_ _2\"></span>t\u00e0. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneOne<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i n<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n Pr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>nti non TotaleTotale<span class=\"_ _6\"></span> di<span class=\"_ _2\"></span> Incid<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nz<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ico<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>ntir<span class=\"_ _1\"></span>ico<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>ntibi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ioAl<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _1fc\"> </span><span class=\"fc1\">-</span>1<span class=\"_ _3\"></span>,31<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1fd\"> </span>5<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,4<span class=\"_ _7e\"> </span>2,<span class=\"_ _16\"></span>5%Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>erson<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _f5\"> </span>(1,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _1fe\"> </span><span class=\"fc0\">-<span class=\"_ _1ff\"> </span></span>(1<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _15e\"> </span>(3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _83\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5%Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> per se<span class=\"_ _3\"></span>rvi<span class=\"_ _0\"></span>zi<span class=\"_ _1ea\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4)<span class=\"_ _14d\"> </span><span class=\"fc0\">-<span class=\"_ _1ff\"> </span></span>(0,<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _15e\"> </span>(4<span class=\"_ _1\"></span>79<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>%Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> per go<span class=\"_ _1\"></span>di<span class=\"_ _0\"></span>men<span class=\"_ _1\"></span>to b<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>terz<span class=\"_ _1\"></span>i<span class=\"_ _200\"> </span><span class=\"fc1\">-<span class=\"_ _1fe\"> </span></span>-<span class=\"_ _6c\"> </span><span class=\"fc1\">(2<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1)</span>Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _16\"></span> op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rati<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span> <span class=\"_ _60\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>4)<span class=\"_ _1fe\"> </span><span class=\"fc0\">-<span class=\"_ _1c4\"> </span></span>(1<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>4)<span class=\"_ _160\"> </span>(25<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _158\"> </span>45<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5%</span>Totale<span class=\"_ _6\"></span> pr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>nti e<span class=\"_ _6\"></span> o<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>non r<span class=\"_ _1\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _8b\"> </span>(1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _201\"> </span>1<span class=\"_ _3\"></span>,3<span class=\"_ _65\"> </span>(1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)Nel <span class=\"_ _16\"></span>2022 <span class=\"_ _16\"></span>gli <span class=\"_ _0\"></span>oneri <span class=\"_ _16\"></span>non <span class=\"_ _16\"></span>ricorrenti <span class=\"_ _0\"></span>ne<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _16\"></span>pari <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>Euro <span class=\"_ _16\"></span>12,1 <span class=\"_ _16\"></span>milioni <span class=\"_ _16\"></span>prevalentemen<span class=\"_ _2\"></span>te <span class=\"_ _16\"></span>riconducibili <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>circa <span class=\"_ _2\"></span>Euro<span class=\"_ _2\"></span> 10 <span class=\"_ _5\"> </span>milioni <span class=\"_ _5\"> </span>alla <span class=\"_ _5\"> </span>transazione <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>contenzioso <span class=\"_ _5\"> </span>relativo <span class=\"_ _5\"> </span>al <span class=\"_ _5\"> </span>complesso <span class=\"_ _5\"> </span>immobi<span class=\"_ _2\"></span>liare <span class=\"_ _5\"> </span>di <span class=\"_ _5\"> </span>via <span class=\"_ _5\"> </span>Solferino/San Marco/Balzan co<span class=\"_ _2\"></span>me descritto ne<span class=\"_ _2\"></span>lla successiva Not<span class=\"_ _2\"></span>a n.39 Impegni, rischi <span class=\"_ _2\"></span>ed altre in<span class=\"_ _2\"></span>formazioni. Al <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _1\"></span>2021 g<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>oneri <span class=\"_ _1\"></span>non ri<span class=\"_ _2\"></span>correnti <span class=\"_ _1\"></span>netti er<span class=\"_ _2\"></span>ano <span class=\"_ _1\"></span>pari a <span class=\"_ _1\"></span>complessivi <span class=\"_ _1\"></span>Euro 3,8<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>milion<span class=\"_ _1\"></span>i. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-759-3": {
   "value": "2. <span class=\"_ _1\"></span>Altri<span class=\"_ _1\"></span> rica<span class=\"_ _2\"></span>vi <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>prov<span class=\"_ _1\"></span>enti Gli <span class=\"_ _15\"></span><span class=\"ff24\">\u201caltri</span> <span class=\"_ _8\"></span>ricavi <span class=\"_ _8\"></span>e <span class=\"_ _15\"> </span><span class=\"ff24\">proventi\u201d</span> <span class=\"_ _8\"></span>sono<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>pari <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>Euro <span class=\"_ _8\"></span>50,4 <span class=\"_ _15\"> </span>milioni <span class=\"_ _15\"></span>(Euro <span class=\"_ _8\"></span>39,1 <span class=\"_ _15\"></span>milioni <span class=\"_ _8\"></span>nel <span class=\"_ _15\"></span>2021), di cui Euro 35,6 milioni <span class=\"_ _6\"></span>riconducibili <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>(Euro <span class=\"_ _14\"></span>31,3 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>2021)<span class=\"_ _3\"></span>, <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>includono <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _3\"></span><span class=\"ls7\">da<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>macero <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>vendit<span class=\"_ _2\"></span>a carta, addebiti di cos<span class=\"_ _2\"></span>ti tecnici pubblicita<span class=\"_ _2\"></span>ri, affitti attivi, sopravvenienze <span class=\"_ _3\"></span>attive, <span class=\"_ _3\"></span>proventi per <span class=\"_ _3\"></span>contributi <span class=\"_ _3\"></span>ricevuti e altre voci di r<span class=\"_ _2\"></span>icavo divers<span class=\"_ _2\"></span>i da quelli operat<span class=\"_ _2\"></span>ivi. La <span class=\"_ _1\"></span>variazione <span class=\"_ _16\"></span>della <span class=\"_ _1\"></span>voce <span class=\"_ _1\"></span>\u201caltri <span class=\"_ _16\"></span>ric<span class=\"ff21\">a</span>vi <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>proventi\u201d <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>riconducibile <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>Euro <span class=\"_ _1\"></span>16,4 <span class=\"_ _1\"></span>milioni <span class=\"_ _16\"></span>ai <span class=\"_ _1\"></span>proventi <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>contributi che <span class=\"_ _7\"></span>comprendono <span class=\"_ _14\"></span>principalmente <span class=\"_ _14\"></span>a) <span class=\"_ _7\"></span>il <span class=\"_ _7\"> </span>contributo <span class=\"_ _7\"> </span>carta <span class=\"_ _14\"></span>sul<span class=\"_ _3\"></span>l\u2019acquisto <span class=\"_ _14\"></span>e <span class=\"_ _7\"> </span>consumo <span class=\"_ _14\"></span>carta <span class=\"_ _7\"> </span>age<span class=\"_ _3\"></span>volato <span class=\"_ _7\"></span>per <span class=\"_ _14\"></span>l\u2019anno 2021, <span class=\"_\"> </span>ai <span class=\"_\"> </span>sensi <span class=\"_\"> </span>di <span class=\"_\"> </span>quanto <span class=\"_ _11\"> </span>previsto <span class=\"_\"> </span>dall\u2019art. <span class=\"_\"> </span>188 <span class=\"_\"> </span>del <span class=\"_\"> </span>Decreto<span class=\"ff21\">-legge <span class=\"_\"> </span>del <span class=\"_\"> </span>19/05/2020 <span class=\"_\"> </span>n. <span class=\"_\"> </span>34 <span class=\"_\"> </span>conve<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>tito <span class=\"_\"> </span>con </span>modificazioni <span class=\"_ _12\"> </span>dalla <span class=\"_ _11\"> </span>Legge <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>17/07/2020 <span class=\"_ _12\"> </span>n. <span class=\"_\"> </span>77)<span class=\"_ _2\"></span>, <span class=\"_ _12\"> </span>dall\u2019art. <span class=\"_ _11\"> </span>1 <span class=\"_ _11\"> </span>commi <span class=\"_ _12\"> </span>378<span class=\"_ _3\"></span>-379 <span class=\"_ _11\"> </span>Legge <span class=\"_ _11\"> </span>n. <span class=\"_ _11\"> </span>234/2021 <span class=\"_ _12\"> </span>(legge finanziaria <span class=\"_ _14\"></span>2022), <span class=\"_ _6\"></span>dall\u2019art. <span class=\"_ _14\"></span>4, <span class=\"_ _14\"></span>comm<span class=\"ff21\">i <span class=\"_ _7\"></span>da <span class=\"_ _14\"></span>182 <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>186 <span class=\"_ _14\"></span>della <span class=\"_ _14\"></span>legge <span class=\"_ _14\"></span>24 <span class=\"_ _14\"></span>dicembre <span class=\"_ _14\"></span>2003, <span class=\"_ _6\"></span>n. <span class=\"_ _14\"></span>350 <span class=\"_ _14\"></span>(<span class=\"_ _3\"></span>legge <span class=\"_ _14\"></span>finanziaria </span>2004), <span class=\"_ _14\"></span>visti <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>DPCM <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>21.12.2004 <span class=\"_ _14\"></span>n. <span class=\"_ _14\"></span>318 <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>l\u2019<span class=\"_ _3\"></span>art. <span class=\"_ _14\"></span>67, <span class=\"_ _14\"></span>commi <span class=\"_ _14\"></span>9<span class=\"ff21\">-bis, <span class=\"_ _7\"></span>9-ter <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>9-quater <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>decreto-legge <span class=\"_ _14\"></span>25 </span>maggio 2021, n.<span class=\"_ _2\"></span> 73, conver<span class=\"_ _2\"></span>tito, con modificaz<span class=\"_ _2\"></span>ioni, dal<span class=\"_ _2\"></span>la legge 23 lu<span class=\"_ _2\"></span>glio 2021, n. 106 e b<span class=\"_ _2\"></span>) il <span class=\"ff24\">credito d\u2019<span class=\"_ _2\"></span>imposta </span>a <span class=\"_\"> </span>favo<span class=\"_ _2\"></span>re <span class=\"_\"> </span>d<span class=\"_ _1\"></span>elle <span class=\"_\"> </span>imprese <span class=\"_ _11\"> </span>editrici <span class=\"_ _11\"> </span>di <span class=\"_\"> </span>quo<span class=\"_ _2\"></span>tidiani <span class=\"_ _11\"> </span>e <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>periodici <span class=\"_ _11\"> </span>delle <span class=\"_\"> </span>sp<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _11\"> </span>sostenute <span class=\"_\"> </span>n<span class=\"_ _2\"></span>ell\u2019anno <span class=\"_ _11\"> </span>2020 <span class=\"_\"> </span>pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> <span class=\"_\"> </span>la<span class=\"_ _1\"></span> distribuzione <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>testate <span class=\"_ _1\"></span>edite <span class=\"_ _16\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>sensi <span class=\"_ _1\"></span>dell\u2019art.67 <span class=\"_ _16\"></span>comma <span class=\"_ _16\"></span>1 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>decreto<span class=\"ff21\">-legge <span class=\"_ _1\"></span>25 <span class=\"_ _16\"></span>maggio <span class=\"_ _1\"></span>2021 <span class=\"_ _16\"></span>n. <span class=\"_ _1\"></span>73  <span class=\"_ _1\"></span>convertito </span>con <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>odificazioni <span class=\"_ _3\"></span>dalla <span class=\"_ _6\"></span>legge <span class=\"_ _3\"></span>23 <span class=\"_ _6\"></span>luglio <span class=\"_ _3\"></span>2021, <span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span>106. <span class=\"_ _3\"></span>Inoltre, <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>compresi <span class=\"_ _3\"></span>contributi <span class=\"_ _6\"></span>ricevuti <span class=\"_ _3\"></span>dalla <span class=\"_ _6\"></span>societ\u00e0 RCS Sport per at<span class=\"_ _2\"></span>tivit\u00e0 promoz<span class=\"_ _2\"></span>ionali realizz<span class=\"_ _2\"></span>ate. 3. <span class=\"_ _1\"></span>Varia<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>one<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>rima<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>nze<span class=\"_ _1\"></span> prod<span class=\"_ _2\"></span>ott<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>fin<span class=\"_ _2\"></span>iti La <span class=\"_ _6\"></span>voce, <span class=\"_ _6\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _3\"></span>2,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _6\"></span>0,4 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>nel <span class=\"_ _3\"></span>2021), <span class=\"_ _6\"></span>rappresenta <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>normale <span class=\"_ _6\"></span>processo <span class=\"_ _6\"></span>di utilizzo dei prodo<span class=\"_ _2\"></span>tti finiti o<span class=\"_ _2\"></span>ggetto di commer<span class=\"_ _2\"></span>cializzazione da p<span class=\"_ _2\"></span>arte delle soci<span class=\"_ _2\"></span>et\u00e0 del Gruppo. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-778-2": {
   "value": "4. <span class=\"_ _1\"></span>Consu<span class=\"_ _2\"></span>mi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>mat<span class=\"_ _1\"></span>erie <span class=\"_ _1\"></span>prime,<span class=\"_ _1\"></span> sussi<span class=\"_ _1\"></span>diarie<span class=\"_ _1\"></span> e di<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>onsum<span class=\"_ _2\"></span>o L\u2019andamento <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>costi pe<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>materie <span class=\"_ _1\"></span>prime, sus<span class=\"_ _2\"></span>sidiarie <span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>consumo <span class=\"_ _1\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>dettagliato <span class=\"_ _2\"></span>come <span class=\"_ _1\"></span>segu<span class=\"_ _2\"></span>e:<span class=\"_ _2\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione2022<span class=\"_ _113\"> </span>2021Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>sto carta8<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>1<span class=\"_ _1da\"> </span>4<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>0Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>sto p<span class=\"_ _1\"></span>rod<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>gad<span class=\"_ _1\"></span>get e <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>v<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rsi4<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>8<span class=\"_ _1da\"> </span>4<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4Vari<span class=\"_ _1\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nen<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>rta,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> gad<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>t e<span class=\"_ _3\"></span> m<span class=\"_ _2\"></span>ateri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>versi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> pro<span class=\"_ _1\"></span>gram<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> (1<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _46\"> </span>0<span class=\"_ _1\"></span>,6si<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>iTotal<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>um<span class=\"_ _1\"></span>i d<span class=\"_ _2\"></span>i m<span class=\"_ _1\"></span>ate<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>, s<span class=\"_ _6\"></span>us<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>idi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> e<span class=\"_ _14\"></span> di co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>um<span class=\"_ _1\"></span>o11<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _a8\"> </span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0La voce, pari a Euro 119,8 <span class=\"ls6\">mi<span class=\"_ _2\"></span><span class=\"ls0\">lioni, si riferisce prin<span class=\"_ _2\"></span>cipalment<span class=\"_ _2\"></span>e alle attivit\u00e0 editor<span class=\"_ _2\"></span>iali di Cairo Editore, di La7 e<span class=\"_ _2\"></span> </span></span>del <span class=\"_ _11\"> </span>Gruppo <span class=\"_ _12\"> </span>RCS. <span class=\"_ _11\"> </span><span class=\"ff24\">L\u2019incr</span>emento <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>Euro <span class=\"_ _11\"> </span>29,8 <span class=\"_ _12\"> </span>milioni <span class=\"_ _11\"> </span>rispetto <span class=\"_ _12\"> </span>all\u2019anno <span class=\"_ _11\"> </span>precedente <span class=\"_ _12\"> </span>risulta <span class=\"_ _11\"> </span>principal<span class=\"_ _2\"></span>mente attribuibile al<span class=\"ff24\">l\u2019au<span class=\"_ _2\"></span>mento dei costi d<span class=\"_ _2\"></span>i <span class=\"ff21\">approvvigionamen<span class=\"_ _2\"></span>to delle materie pr<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>me. </span></span>I costi <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>consumi di <span class=\"_ _3\"></span>materie prime, <span class=\"_ _3\"></span>sussidiarie e <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>consumo riconducibili <span class=\"ls3\">al</span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>Euro 98,8 milioni. 5. <span class=\"_ _1\"></span>Costi<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>viz<span class=\"_ _2\"></span>i Nella <span class=\"_ _0\"></span>voce <span class=\"_ _16\"></span><span class=\"ff24\">\u201ccosti<span class=\"ff21\"> <span class=\"_ _0\"></span>per <span class=\"_ _16\"></span><span class=\"ff24\">servizi\u201d<span class=\"ff21\"> <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nclusi <span class=\"_ _0\"></span>principalmente <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>cos<span class=\"_ _3\"></span>ti <span class=\"_ _0\"></span>diretti <span class=\"_ _16\"></span>delle <span class=\"_ _0\"></span>concessionarie, <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>avorazioni <span class=\"_ _6\"></span>esterne </span></span></span></span>del <span class=\"_ _5\"> </span>settore <span class=\"_ _4\"> </span>editoriale, <span class=\"_ _5\"> </span>consulenze <span class=\"_ _4\"> </span>e <span class=\"_ _5\"> </span>collaborazi<span class=\"_ _2\"></span>oni <span class=\"_ _5\"> </span>principal<span class=\"_ _2\"></span>mente <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>border\u00f2, <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>relativi <span class=\"_ _14\"></span>alla <span class=\"_ _7\"></span>attivit\u00e0 televisiva, <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>promozion<span class=\"_ _2\"></span>ali <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>generali <span class=\"_ _14\"></span>ed <span class=\"_ _14\"></span>amministrat<span class=\"_ _2\"></span>ivi. <span class=\"_ _14\"></span>La <span class=\"_ _14\"></span>composizione <span class=\"_ _14\"></span>dei <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>rvizi <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a seguente: De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne2022<span class=\"_ _186\"> </span>2021Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span>retti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>a3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>,6<span class=\"_ _8a\"> </span>4<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>9P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fe<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>osti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span>ni<span class=\"_ _16\"></span>strati<span class=\"_ _16\"></span>vi3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>,2<span class=\"_ _8a\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>5Co<span class=\"_ _1\"></span>nsu<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>col<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>razi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>,2<span class=\"_ _8a\"> </span>3<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>5Lav<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>razi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>sterne6<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>,7<span class=\"_ _8a\"> </span>7<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>6Sp<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>traspo<span class=\"_ _1\"></span>rto1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>7<span class=\"_ _a7\"> </span>11<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1P<span class=\"_ _3\"></span>rog<span class=\"_ _1\"></span>ramm<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n app<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>to2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,7<span class=\"_ _8a\"> </span>2<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>6P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fe<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>rti<span class=\"_ _16\"></span>sti<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>he e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>sul<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nz<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ve1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,8<span class=\"_ _dd\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7Ri<span class=\"_ _16\"></span>prese, tro<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e,<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ntag<span class=\"_ _1\"></span>gi<span class=\"_ _16\"></span> op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>razi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span>sterne te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ve0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7Serv<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>nfo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>news <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>rt e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>gen<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>ve1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _dd\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4Serv<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> tra<span class=\"_ _3\"></span>sm<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>a0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2Rea<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zaz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> grafi<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>he tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>e0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5Co<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>terne tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>ve1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>pro<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>oz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e4<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>,7<span class=\"_ _8a\"> </span>3<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>2Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> strut<span class=\"_ _2\"></span>tu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>eneral<span class=\"_ _1\"></span>i1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>8<span class=\"_ _8a\"> </span>92<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>ti p<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>r s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>rviz<span class=\"_ _1\"></span>i4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _24\"> </span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1La<span class=\"ls0\"> voce, pari <span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>Euro 479,5<span class=\"_ _2\"></span> milioni (Euro 467,1 milion<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> nel 2021<span class=\"ls5\">),</span> presenta un inc<span class=\"_ _2\"></span>remento rispetto <span class=\"_ _1\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _1\"></span>periodo </span></span></span>analogo <span class=\"ff24\">dell\u2019esercizio</span> prec<span class=\"_ _2\"></span>edente <span class=\"ls7\">di<span class=\"_ _3\"></span></span> Euro 12,4 milioni. <span class=\"_ _14\"></span>In <span class=\"_ _14\"></span>crescita <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>13,6 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>voce <span class=\"_ _3\"></span>altri <span class=\"_ _6\"></span>costi<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>di struttura e <span class=\"_ _2\"></span>generali pr<span class=\"_ _2\"></span>incipalmente <span class=\"_ _2\"></span>per <span class=\"ff24\">l\u2019increm</span>ent<span class=\"_ _2\"></span>o <span class=\"ff24\">dei <span class=\"_ _2\"></span>costi per l<span class=\"_ _2\"></span>\u2019approvvigiona<span class=\"_ _2\"></span>mento energ<span class=\"_ _2\"></span>etico (+Euro <span class=\"_ _2\"></span>7,2<span class=\"_ _2\"></span> </span>milioni <span class=\"_ _11\"> </span>rispetto <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>2021) <span class=\"_\"> </span><span class=\"ls4\">e <span class=\"_ _12\"> </span></span>dei <span class=\"_\"> </span>co<span class=\"_ _2\"></span>sti <span class=\"_ _11\"> </span>di <span class=\"_\"> </span>p<span class=\"_ _2\"></span>roduzione<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>televisiva <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>corse <span class=\"_ _11\"> </span>ciclistiche <span class=\"_ _11\"> </span>r<span class=\"_ _3\"></span>ealizzate <span class=\"_ _12\"> </span>dal <span class=\"_\"> </span>202<span class=\"_ _2\"></span>2 direttamente da RCS S<span class=\"_ _2\"></span>port <span class=\"_ _2\"></span>S.p.A. Sono <span class=\"_ _6\"></span>continuate <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>azioni <span class=\"_ _6\"></span>legate <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>conteniment<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi <span class=\"_ _14\"></span><span class=\"ff24\">e <span class=\"_ _6\"></span>recupero <span class=\"_ _6\"></span>dell\u2019efficienza, <span class=\"_ _6\"></span>affiancat<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"ls7\">da</span> interventi </span></span>straordinari <span class=\"_ _0\"></span>effettuati <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>adeguare <span class=\"_ _16\"></span>tempestivamente <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019organizzazione a<span class=\"_ _2\"></span>ziendale al <span class=\"_ _2\"></span>mutato contesto. 6. <span class=\"_ _1\"></span>Costi<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>god<span class=\"_ _2\"></span>ime<span class=\"_ _1\"></span>nto be<span class=\"_ _1\"></span>ni di <span class=\"_ _1\"></span>terz<span class=\"_ _2\"></span>i La voce, <span class=\"_ _1\"></span>pari <span class=\"_ _2\"></span>ad Eu<span class=\"_ _1\"></span>ro 28,1 <span class=\"_ _1\"></span>milioni (Euro <span class=\"_ _1\"></span>31,8 <span class=\"_ _2\"></span>milioni <span class=\"_ _1\"></span>al 31 d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>cembre <span class=\"_ _1\"></span>2021), inclu<span class=\"_ _2\"></span>de pre<span class=\"_ _2\"></span>valentemente <span class=\"_ _1\"></span>costi pe<span class=\"_ _2\"></span>r diritti <span class=\"_ _12\"> </span>giornalistici, <span class=\"_ _15\"> </span>sportivi <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>per <span class=\"_ _12\"> </span>programmi <span class=\"_ _12\"> </span>televisivi <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>royalties <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>diritti <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>autore <span class=\"_ _12\"> </span>nonch\u00e9 <span class=\"_ _11\"> </span>canoni <span class=\"_ _15\"> </span>di locazione <span class=\"_ _1\"></span>relativi <span class=\"_ _1\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>contratti <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>leasing <span class=\"_ _1\"></span>short <span class=\"_ _2\"></span>term <span class=\"_ _1\"></span>e lo<span class=\"_ _2\"></span>w <span class=\"_ _1\"></span>cost, esclus<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>dall\u2019applicazione <span class=\"_ _1\"></span>del pr<span class=\"_ _2\"></span>incipio <span class=\"_ _1\"></span>IFRS <span class=\"_ _2\"></span>16.<span class=\"_ _3\"></span> De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1db\"> </span><span class=\"ls58\">2022<span class=\"_ _a8\"> </span>2021</span>Affi<span class=\"_ _16\"></span>tti<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1dc\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>)<span class=\"_ _22\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5Affi<span class=\"_ _16\"></span>tti<span class=\"_ _16\"></span> s<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _1dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _13c\"> </span>-Nol<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>gg<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> s<span class=\"_ _3\"></span>tru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _130\"> </span>0,<span class=\"_ _16\"></span>5<span class=\"_ _22\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pro<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>ram<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> TV<span class=\"_ _1de\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8c\"> </span>0,<span class=\"_ _16\"></span>6Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>rti<span class=\"_ _16\"></span>vi<span class=\"_ _1df\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8c\"> </span>0,<span class=\"_ _16\"></span>5Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>gi<span class=\"_ _0\"></span>orn<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1e0\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _8c\"> </span>3,<span class=\"_ _16\"></span>0Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d\u2019au<span class=\"_ _1\"></span>tore ( SIAE ,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>IMAIE ,<span class=\"_ _1\"></span> SCF<span class=\"_ _2\"></span> ,<span class=\"_ _2\"></span> AFI )<span class=\"_ _94\"> </span><span class=\"ff21\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8c\"> </span>3,<span class=\"_ _1\"></span>7</span>Ro<span class=\"_ _1\"></span>yal<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>vari<span class=\"_ _39\"> </span>13<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _d4\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> per go<span class=\"_ _1\"></span>di<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>ento<span class=\"_ _1\"></span> ben<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> terzi<span class=\"_ _f2\"> </span>7,<span class=\"_ _16\"></span>5<span class=\"_ _8c\"> </span>7,<span class=\"_ _1\"></span>3To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>ti p<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>r go<span class=\"_ _6\"></span>d<span class=\"_ _2\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto be<span class=\"_ _6\"></span>ni di<span class=\"_ _2\"></span> te<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1a3\"> </span>28<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _3a\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,8La voce include cos<span class=\"_ _2\"></span>ti per godimento di beni <span class=\"_ _2\"></span>di terzi riconducibi<span class=\"_ _2\"></span>li al Gruppo RCS per Eu<span class=\"_ _2\"></span>ro 18,5 milioni (Euro<span class=\"_ _2\"></span> 21,7 m<span class=\"_ _2\"></span>ilioni n<span class=\"_ _1\"></span>el<span class=\"_ _3\"></span> 202<span class=\"_ _2\"></span>1) co<span class=\"_ _2\"></span>stituiti <span class=\"_ _1\"></span>principalmente <span class=\"_ _2\"></span>da d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ritti l<span class=\"_ _2\"></span>etterari, <span class=\"ff26\">roy<span class=\"_ _2\"></span>alties<span class=\"ff21\"> <span class=\"_ _2\"></span>passive <span class=\"_ _1\"></span>e fotoservizi <span class=\"_ _1\"></span>per Euro <span class=\"_ _1\"></span>1<span class=\"_ _3\"></span>2,3 </span></span>milioni (Euro 13,8 <span class=\"_ _2\"></span>milioni nel 2021).<span class=\"_ _2\"></span> 7. <span class=\"_ _1\"></span>Costi<span class=\"_ _2\"></span> de<span class=\"_ _1\"></span>l per<span class=\"_ _1\"></span>sonale La voce pu\u00f2 <span class=\"_ _3\"></span>essere dettagliata come <span class=\"_ _3\"></span>segue<span class=\"_ _2\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1e1\"> </span><span class=\"ls59\">2022<span class=\"_ _1be\"> </span>2021</span>Sal<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sti<span class=\"_ _16\"></span>pen<span class=\"_ _1\"></span>di<span class=\"_ _1e2\"> </span>2<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _29\"> </span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>0On<span class=\"_ _2\"></span>eri<span class=\"_ _1\"></span> soci<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1e3\"> </span>7<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>7<span class=\"_ _1\"></span>6,<span class=\"_ _16\"></span>1Trattam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>rapp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>o<span class=\"_ _1a4\"> </span>1<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>5<span class=\"_ _3a\"> </span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _16\"></span> del<span class=\"_ _16\"></span> person<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _1e4\"> </span>(2<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _30\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6Totale<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti de<span class=\"_ _6\"></span>l pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>ona<span class=\"_ _1\"></span>le<span class=\"_ _12c\"> </span>31<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _26\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2I <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>personale <span class=\"_ _6\"></span>ammontano <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>Euro <span class=\"_ _6\"></span>3<span class=\"_ _3\"></span>17,4 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _7\"></span>325,2 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>nel<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>2021<span class=\"ls5\">) <span class=\"_ _14\"></span></span>e <span class=\"_ _14\"></span>includono <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>del personale riconduc<span class=\"_ _2\"></span>ibili al Gruppo RC<span class=\"_ _2\"></span>S per Euro 240,<span class=\"_ _2\"></span>1 milioni <span class=\"_ _2\"></span>(Euro 245,4 m<span class=\"_ _2\"></span>ilioni nel 2021) La <span class=\"_ _1\"></span>voce <span class=\"_ _1\"></span>include <span class=\"_ _1\"></span>oneri <span class=\"_ _1\"></span>non r<span class=\"_ _2\"></span>icorrenti <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>egati <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>processo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>riorganizzazione <span class=\"_ _1\"></span>aziendale <span class=\"_ _16\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>1,5 <span class=\"_ _16\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _1\"></span>(Euro 3,6 milioni nel 2021<span class=\"_ _2\"></span>). 8. <span class=\"_ _1\"></span>Ammor<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti,<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>cant<span class=\"_ _1\"></span>oname<span class=\"_ _1\"></span>nti e<span class=\"_ _2\"></span> sv<span class=\"_ _1\"></span>alutaz<span class=\"_ _1\"></span>ioni La voce si compone <span class=\"_ _2\"></span>come se<span class=\"_ _1\"></span>gue:<span class=\"_ _2\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1e5\"> </span><span class=\"ls5a\">2022<span class=\"_ _29\"> </span>2021</span>Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _1e6\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>32<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> deg<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _16\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>pi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>nari<span class=\"_ _1e7\"> </span>1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>0<span class=\"_ _30\"> </span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d\u2019u<span class=\"_ _1\"></span>so su<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ben<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> l<span class=\"_ _1\"></span>ea<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _1e8\"> </span><span class=\"ff21\">2<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>6<span class=\"_ _3a\"> </span>26<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4</span>Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _4c\"> </span>0,<span class=\"_ _16\"></span>9<span class=\"_ _97\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>nam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>sval<span class=\"_ _16\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>redi<span class=\"_ _16\"></span>ti<span class=\"_ _b4\"> </span>1,<span class=\"_ _16\"></span>2<span class=\"_ _30\"> </span>0,<span class=\"_ _16\"></span>9Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>nam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>di<span class=\"_ _16\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span>d o<span class=\"_ _1\"></span>neri<span class=\"_ _1e9\"> </span>4<span class=\"_ _1\"></span>,6<span class=\"_ _46\"> </span>7,<span class=\"_ _1\"></span>5Totale<span class=\"_ _6\"></span> am<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti, a<span class=\"_ _2\"></span>cc<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> s<span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _1ea\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,8<span class=\"_ _8e\"> </span>7<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,2La<span class=\"ls0\"> <span class=\"_ _1\"></span>voce, <span class=\"_ _16\"></span>pari <span class=\"_ _16\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _1\"></span>Euro <span class=\"_ _16\"></span>77,8 <span class=\"_ _16\"></span>milioni <span class=\"_ _1\"></span>(Euro <span class=\"_ _16\"></span>76,2 <span class=\"_ _16\"></span>milioni <span class=\"_ _1\"></span>nel <span class=\"_ _16\"></span>2021) <span class=\"_ _16\"></span>mostra <span class=\"_ _1\"></span>un <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\">cremento <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>Euro 1,6 milioni. </span></span></span></span></span>L\u2019applicazione<span class=\"ff21\"> <span class=\"_ _10\"> </span></span>dell\u2019IFRS <span class=\"_ _f\"> </span>16 <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>comportato <span class=\"_ _10\"> </span>ammortamenti <span class=\"_ _10\"> </span>per <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>26<span class=\"ls7\">,6<span class=\"_ _3\"></span></span> <span class=\"_ _f\"> </span>milioni. <span class=\"_ _4\"> </span>Si <span class=\"_ _5\"> </span>ricord<span class=\"_ _2\"></span>a <span class=\"_ _4\"> </span>che<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>g<span class=\"_ _1\"></span>li ammo<span class=\"_ _1\"></span>rta<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ricon<span class=\"_ _2\"></span>du<span class=\"_ _1\"></span>cibi<span class=\"_ _2\"></span>li <span class=\"_ _3\"></span><span class=\"ls3\">ai</span> <span class=\"_ _6\"></span>va<span class=\"_ _2\"></span>lo<span class=\"_ _2\"></span>ri <span class=\"_ _3\"></span>all<span class=\"_ _2\"></span>oca<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span><span class=\"ls3\">ad</span> <span class=\"_ _6\"></span>att<span class=\"_ _1\"></span>ivit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _3\"></span>imm<span class=\"_ _2\"></span>ate<span class=\"_ _1\"></span>rial<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>(non<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>prec<span class=\"_ _2\"></span>ede<span class=\"_ _1\"></span>nte<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>te <span class=\"_ _3\"></span>iscritte) <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>vita <span class=\"_ _6\"></span>utile definita <span class=\"_ _6\"></span>nell\u2019amb<span class=\"_ _2\"></span>ito <span class=\"_ _6\"></span>dell\u2019applicaz<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>c.d. <span class=\"_ _6\"></span>\u201c<span class=\"_ _3\"></span><span class=\"ff26\">acquisition <span class=\"_ _3\"></span>method</span>\u201d <span class=\"_ _6\"></span>all\u2019aggregazi<span class=\"_ _2\"></span>one <span class=\"_ _6\"></span>aziendale <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>sono pari, per <span class=\"ff24\">l\u2019eserciz<span class=\"_ _2\"></span>io chiuso al 31 d<span class=\"_ _2\"></span>icembre 202<span class=\"ff21\">2, a Eur<span class=\"_ _2\"></span>o 1,9 milioni; </span></span>Gli <span class=\"_ _6\"></span>avviamenti <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span><span class=\"ls6\">le</span> <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>estate <span class=\"_ _6\"></span>aventi <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>util<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>indefinita <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>sottoposte <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _14\"></span>ammorta<span class=\"_ _2\"></span>mento <span class=\"_ _14\"></span>ma <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>verifiche almeno annuali per<span class=\"_ _2\"></span> identificare <span class=\"_ _2\"></span>eventuali pe<span class=\"_ _2\"></span>rdite di valore. Le svalutazioni al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 2022 sono pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro 0,9 <span class=\"_ _3\"></span>milioni (Euro 0,1 <span class=\"_ _3\"></span>milioni nel 2021) <span class=\"_ _3\"></span>e si <span class=\"_ _3\"></span>riferiscono ad impianti pres<span class=\"_ _2\"></span>enti nel polo di s<span class=\"_ _2\"></span>tampa di Catan<span class=\"_ _2\"></span>ia. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-778-3": {
   "value": "4. <span class=\"_ _1\"></span>Consu<span class=\"_ _2\"></span>mi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>mat<span class=\"_ _1\"></span>erie <span class=\"_ _1\"></span>prime,<span class=\"_ _1\"></span> sussi<span class=\"_ _1\"></span>diarie<span class=\"_ _1\"></span> e di<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>onsum<span class=\"_ _2\"></span>o L\u2019andamento <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>costi pe<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>materie <span class=\"_ _1\"></span>prime, sus<span class=\"_ _2\"></span>sidiarie <span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>consumo <span class=\"_ _1\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>dettagliato <span class=\"_ _2\"></span>come <span class=\"_ _1\"></span>segu<span class=\"_ _2\"></span>e:<span class=\"_ _2\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione2022<span class=\"_ _113\"> </span>2021Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>sto carta8<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>1<span class=\"_ _1da\"> </span>4<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>0Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>sto p<span class=\"_ _1\"></span>rod<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>gad<span class=\"_ _1\"></span>get e <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>v<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rsi4<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>8<span class=\"_ _1da\"> </span>4<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4Vari<span class=\"_ _1\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nen<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>rta,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> gad<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>t e<span class=\"_ _3\"></span> m<span class=\"_ _2\"></span>ateri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>versi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> pro<span class=\"_ _1\"></span>gram<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> (1<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _46\"> </span>0<span class=\"_ _1\"></span>,6si<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>iTotal<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>um<span class=\"_ _1\"></span>i d<span class=\"_ _2\"></span>i m<span class=\"_ _1\"></span>ate<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>, s<span class=\"_ _6\"></span>us<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>idi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> e<span class=\"_ _14\"></span> di co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>um<span class=\"_ _1\"></span>o11<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _a8\"> </span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0La voce, pari a Euro 119,8 <span class=\"ls6\">mi<span class=\"_ _2\"></span><span class=\"ls0\">lioni, si riferisce prin<span class=\"_ _2\"></span>cipalment<span class=\"_ _2\"></span>e alle attivit\u00e0 editor<span class=\"_ _2\"></span>iali di Cairo Editore, di La7 e<span class=\"_ _2\"></span> </span></span>del <span class=\"_ _11\"> </span>Gruppo <span class=\"_ _12\"> </span>RCS. <span class=\"_ _11\"> </span><span class=\"ff24\">L\u2019incr</span>emento <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>Euro <span class=\"_ _11\"> </span>29,8 <span class=\"_ _12\"> </span>milioni <span class=\"_ _11\"> </span>rispetto <span class=\"_ _12\"> </span>all\u2019anno <span class=\"_ _11\"> </span>precedente <span class=\"_ _12\"> </span>risulta <span class=\"_ _11\"> </span>principal<span class=\"_ _2\"></span>mente attribuibile al<span class=\"ff24\">l\u2019au<span class=\"_ _2\"></span>mento dei costi d<span class=\"_ _2\"></span>i <span class=\"ff21\">approvvigionamen<span class=\"_ _2\"></span>to delle materie pr<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>me. </span></span>I costi <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>consumi di <span class=\"_ _3\"></span>materie prime, <span class=\"_ _3\"></span>sussidiarie e <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>consumo riconducibili <span class=\"ls3\">al</span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>Euro 98,8 milioni. 5. <span class=\"_ _1\"></span>Costi<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>viz<span class=\"_ _2\"></span>i Nella <span class=\"_ _0\"></span>voce <span class=\"_ _16\"></span><span class=\"ff24\">\u201ccosti<span class=\"ff21\"> <span class=\"_ _0\"></span>per <span class=\"_ _16\"></span><span class=\"ff24\">servizi\u201d<span class=\"ff21\"> <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nclusi <span class=\"_ _0\"></span>principalmente <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>cos<span class=\"_ _3\"></span>ti <span class=\"_ _0\"></span>diretti <span class=\"_ _16\"></span>delle <span class=\"_ _0\"></span>concessionarie, <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>avorazioni <span class=\"_ _6\"></span>esterne </span></span></span></span>del <span class=\"_ _5\"> </span>settore <span class=\"_ _4\"> </span>editoriale, <span class=\"_ _5\"> </span>consulenze <span class=\"_ _4\"> </span>e <span class=\"_ _5\"> </span>collaborazi<span class=\"_ _2\"></span>oni <span class=\"_ _5\"> </span>principal<span class=\"_ _2\"></span>mente <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>border\u00f2, <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>relativi <span class=\"_ _14\"></span>alla <span class=\"_ _7\"></span>attivit\u00e0 televisiva, <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>promozion<span class=\"_ _2\"></span>ali <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>generali <span class=\"_ _14\"></span>ed <span class=\"_ _14\"></span>amministrat<span class=\"_ _2\"></span>ivi. <span class=\"_ _14\"></span>La <span class=\"_ _14\"></span>composizione <span class=\"_ _14\"></span>dei <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span>se<span class=\"_ _3\"></span>rvizi <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a seguente: De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne2022<span class=\"_ _186\"> </span>2021Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span>retti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>a3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>,6<span class=\"_ _8a\"> </span>4<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>9P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fe<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>osti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span>ni<span class=\"_ _16\"></span>strati<span class=\"_ _16\"></span>vi3<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>,2<span class=\"_ _8a\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>5Co<span class=\"_ _1\"></span>nsu<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>col<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>razi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i3<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>,2<span class=\"_ _8a\"> </span>3<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>5Lav<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>razi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>sterne6<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>,7<span class=\"_ _8a\"> </span>7<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>6Sp<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>traspo<span class=\"_ _1\"></span>rto1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>7<span class=\"_ _a7\"> </span>11<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1P<span class=\"_ _3\"></span>rog<span class=\"_ _1\"></span>ramm<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n app<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>to2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,7<span class=\"_ _8a\"> </span>2<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>6P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fe<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>rti<span class=\"_ _16\"></span>sti<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>he e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>sul<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nz<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ve1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,8<span class=\"_ _dd\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7Ri<span class=\"_ _16\"></span>prese, tro<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e,<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ntag<span class=\"_ _1\"></span>gi<span class=\"_ _16\"></span> op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>razi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span>sterne te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ve0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7Serv<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>nfo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>news <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>rt e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>gen<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>ve1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _dd\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4Serv<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> tra<span class=\"_ _3\"></span>sm<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>a0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2Rea<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zaz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> grafi<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>he tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>e0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5Co<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>terne tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>ve1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>pro<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>oz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e4<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>,7<span class=\"_ _8a\"> </span>3<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>2Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> strut<span class=\"_ _2\"></span>tu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>eneral<span class=\"_ _1\"></span>i1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>8<span class=\"_ _8a\"> </span>92<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>ti p<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>r s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>rviz<span class=\"_ _1\"></span>i4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _24\"> </span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1La<span class=\"ls0\"> voce, pari <span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>Euro 479,5<span class=\"_ _2\"></span> milioni (Euro 467,1 milion<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> nel 2021<span class=\"ls5\">),</span> presenta un inc<span class=\"_ _2\"></span>remento rispetto <span class=\"_ _1\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _1\"></span>periodo </span></span></span>analogo <span class=\"ff24\">dell\u2019esercizio</span> prec<span class=\"_ _2\"></span>edente <span class=\"ls7\">di<span class=\"_ _3\"></span></span> Euro 12,4 milioni. <span class=\"_ _14\"></span>In <span class=\"_ _14\"></span>crescita <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>13,6 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>voce <span class=\"_ _3\"></span>altri <span class=\"_ _6\"></span>costi<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>di struttura e <span class=\"_ _2\"></span>generali pr<span class=\"_ _2\"></span>incipalmente <span class=\"_ _2\"></span>per <span class=\"ff24\">l\u2019increm</span>ent<span class=\"_ _2\"></span>o <span class=\"ff24\">dei <span class=\"_ _2\"></span>costi per l<span class=\"_ _2\"></span>\u2019approvvigiona<span class=\"_ _2\"></span>mento energ<span class=\"_ _2\"></span>etico (+Euro <span class=\"_ _2\"></span>7,2<span class=\"_ _2\"></span> </span>milioni <span class=\"_ _11\"> </span>rispetto <span class=\"_ _11\"> </span>al <span class=\"_ _11\"> </span>2021) <span class=\"_\"> </span><span class=\"ls4\">e <span class=\"_ _12\"> </span></span>dei <span class=\"_\"> </span>co<span class=\"_ _2\"></span>sti <span class=\"_ _11\"> </span>di <span class=\"_\"> </span>p<span class=\"_ _2\"></span>roduzione<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>televisiva <span class=\"_ _11\"> </span>delle <span class=\"_ _11\"> </span>corse <span class=\"_ _11\"> </span>ciclistiche <span class=\"_ _11\"> </span>r<span class=\"_ _3\"></span>ealizzate <span class=\"_ _12\"> </span>dal <span class=\"_\"> </span>202<span class=\"_ _2\"></span>2 direttamente da RCS S<span class=\"_ _2\"></span>port <span class=\"_ _2\"></span>S.p.A. Sono <span class=\"_ _6\"></span>continuate <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>azioni <span class=\"_ _6\"></span>legate <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>conteniment<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi <span class=\"_ _14\"></span><span class=\"ff24\">e <span class=\"_ _6\"></span>recupero <span class=\"_ _6\"></span>dell\u2019efficienza, <span class=\"_ _6\"></span>affiancat<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"ls7\">da</span> interventi </span></span>straordinari <span class=\"_ _0\"></span>effettuati <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>adeguare <span class=\"_ _16\"></span>tempestivamente <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019organizzazione a<span class=\"_ _2\"></span>ziendale al <span class=\"_ _2\"></span>mutato contesto. 6. <span class=\"_ _1\"></span>Costi<span class=\"_ _2\"></span> pe<span class=\"_ _2\"></span>r <span class=\"_ _2\"></span>god<span class=\"_ _2\"></span>ime<span class=\"_ _1\"></span>nto be<span class=\"_ _1\"></span>ni di <span class=\"_ _1\"></span>terz<span class=\"_ _2\"></span>i La voce, <span class=\"_ _1\"></span>pari <span class=\"_ _2\"></span>ad Eu<span class=\"_ _1\"></span>ro 28,1 <span class=\"_ _1\"></span>milioni (Euro <span class=\"_ _1\"></span>31,8 <span class=\"_ _2\"></span>milioni <span class=\"_ _1\"></span>al 31 d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>cembre <span class=\"_ _1\"></span>2021), inclu<span class=\"_ _2\"></span>de pre<span class=\"_ _2\"></span>valentemente <span class=\"_ _1\"></span>costi pe<span class=\"_ _2\"></span>r diritti <span class=\"_ _12\"> </span>giornalistici, <span class=\"_ _15\"> </span>sportivi <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>per <span class=\"_ _12\"> </span>programmi <span class=\"_ _12\"> </span>televisivi <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>royalties <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>diritti <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>autore <span class=\"_ _12\"> </span>nonch\u00e9 <span class=\"_ _11\"> </span>canoni <span class=\"_ _15\"> </span>di locazione <span class=\"_ _1\"></span>relativi <span class=\"_ _1\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>contratti <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>leasing <span class=\"_ _1\"></span>short <span class=\"_ _2\"></span>term <span class=\"_ _1\"></span>e lo<span class=\"_ _2\"></span>w <span class=\"_ _1\"></span>cost, esclus<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>dall\u2019applicazione <span class=\"_ _1\"></span>del pr<span class=\"_ _2\"></span>incipio <span class=\"_ _1\"></span>IFRS <span class=\"_ _2\"></span>16.<span class=\"_ _3\"></span> De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1db\"> </span><span class=\"ls58\">2022<span class=\"_ _a8\"> </span>2021</span>Affi<span class=\"_ _16\"></span>tti<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1dc\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>)<span class=\"_ _22\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5Affi<span class=\"_ _16\"></span>tti<span class=\"_ _16\"></span> s<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _1dd\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _13c\"> </span>-Nol<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>gg<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> s<span class=\"_ _3\"></span>tru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>tu<span class=\"_ _1\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _16\"></span>vi<span class=\"_ _130\"> </span>0,<span class=\"_ _16\"></span>5<span class=\"_ _22\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pro<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>ram<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> TV<span class=\"_ _1de\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8c\"> </span>0,<span class=\"_ _16\"></span>6Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>rti<span class=\"_ _16\"></span>vi<span class=\"_ _1df\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8c\"> </span>0,<span class=\"_ _16\"></span>5Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>gi<span class=\"_ _0\"></span>orn<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1e0\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _8c\"> </span>3,<span class=\"_ _16\"></span>0Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d\u2019au<span class=\"_ _1\"></span>tore ( SIAE ,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>IMAIE ,<span class=\"_ _1\"></span> SCF<span class=\"_ _2\"></span> ,<span class=\"_ _2\"></span> AFI )<span class=\"_ _94\"> </span><span class=\"ff21\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8c\"> </span>3,<span class=\"_ _1\"></span>7</span>Ro<span class=\"_ _1\"></span>yal<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>vari<span class=\"_ _39\"> </span>13<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _d4\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> per go<span class=\"_ _1\"></span>di<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>ento<span class=\"_ _1\"></span> ben<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> terzi<span class=\"_ _f2\"> </span>7,<span class=\"_ _16\"></span>5<span class=\"_ _8c\"> </span>7,<span class=\"_ _1\"></span>3To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>ti p<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>r go<span class=\"_ _6\"></span>d<span class=\"_ _2\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto be<span class=\"_ _6\"></span>ni di<span class=\"_ _2\"></span> te<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1a3\"> </span>28<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _3a\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,8La voce include cos<span class=\"_ _2\"></span>ti per godimento di beni <span class=\"_ _2\"></span>di terzi riconducibi<span class=\"_ _2\"></span>li al Gruppo RCS per Eu<span class=\"_ _2\"></span>ro 18,5 milioni (Euro<span class=\"_ _2\"></span> 21,7 m<span class=\"_ _2\"></span>ilioni n<span class=\"_ _1\"></span>el<span class=\"_ _3\"></span> 202<span class=\"_ _2\"></span>1) co<span class=\"_ _2\"></span>stituiti <span class=\"_ _1\"></span>principalmente <span class=\"_ _2\"></span>da d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ritti l<span class=\"_ _2\"></span>etterari, <span class=\"ff26\">roy<span class=\"_ _2\"></span>alties<span class=\"ff21\"> <span class=\"_ _2\"></span>passive <span class=\"_ _1\"></span>e fotoservizi <span class=\"_ _1\"></span>per Euro <span class=\"_ _1\"></span>1<span class=\"_ _3\"></span>2,3 </span></span>milioni (Euro 13,8 <span class=\"_ _2\"></span>milioni nel 2021).<span class=\"_ _2\"></span> 7. <span class=\"_ _1\"></span>Costi<span class=\"_ _2\"></span> de<span class=\"_ _1\"></span>l per<span class=\"_ _1\"></span>sonale La voce pu\u00f2 <span class=\"_ _3\"></span>essere dettagliata come <span class=\"_ _3\"></span>segue<span class=\"_ _2\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1e1\"> </span><span class=\"ls59\">2022<span class=\"_ _1be\"> </span>2021</span>Sal<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sti<span class=\"_ _16\"></span>pen<span class=\"_ _1\"></span>di<span class=\"_ _1e2\"> </span>2<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _29\"> </span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>0On<span class=\"_ _2\"></span>eri<span class=\"_ _1\"></span> soci<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1e3\"> </span>7<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>7<span class=\"_ _1\"></span>6,<span class=\"_ _16\"></span>1Trattam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>rapp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>o<span class=\"_ _1a4\"> </span>1<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>5<span class=\"_ _3a\"> </span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _16\"></span> del<span class=\"_ _16\"></span> person<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _1e4\"> </span>(2<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _30\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6Totale<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti de<span class=\"_ _6\"></span>l pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>ona<span class=\"_ _1\"></span>le<span class=\"_ _12c\"> </span>31<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _26\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2I <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>personale <span class=\"_ _6\"></span>ammontano <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>Euro <span class=\"_ _6\"></span>3<span class=\"_ _3\"></span>17,4 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _7\"></span>325,2 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>nel<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>2021<span class=\"ls5\">) <span class=\"_ _14\"></span></span>e <span class=\"_ _14\"></span>includono <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>del personale riconduc<span class=\"_ _2\"></span>ibili al Gruppo RC<span class=\"_ _2\"></span>S per Euro 240,<span class=\"_ _2\"></span>1 milioni <span class=\"_ _2\"></span>(Euro 245,4 m<span class=\"_ _2\"></span>ilioni nel 2021) La <span class=\"_ _1\"></span>voce <span class=\"_ _1\"></span>include <span class=\"_ _1\"></span>oneri <span class=\"_ _1\"></span>non r<span class=\"_ _2\"></span>icorrenti <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>egati <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>processo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>riorganizzazione <span class=\"_ _1\"></span>aziendale <span class=\"_ _16\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>1,5 <span class=\"_ _16\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _1\"></span>(Euro 3,6 milioni nel 2021<span class=\"_ _2\"></span>). 8. <span class=\"_ _1\"></span>Ammor<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti,<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>cant<span class=\"_ _1\"></span>oname<span class=\"_ _1\"></span>nti e<span class=\"_ _2\"></span> sv<span class=\"_ _1\"></span>alutaz<span class=\"_ _1\"></span>ioni La voce si compone <span class=\"_ _2\"></span>come se<span class=\"_ _1\"></span>gue:<span class=\"_ _2\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1e5\"> </span><span class=\"ls5a\">2022<span class=\"_ _29\"> </span>2021</span>Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _1e6\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>32<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> deg<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _16\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>pi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>nari<span class=\"_ _1e7\"> </span>1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>0<span class=\"_ _30\"> </span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d\u2019u<span class=\"_ _1\"></span>so su<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ben<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> l<span class=\"_ _1\"></span>ea<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _1e8\"> </span><span class=\"ff21\">2<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>6<span class=\"_ _3a\"> </span>26<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4</span>Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _4c\"> </span>0,<span class=\"_ _16\"></span>9<span class=\"_ _97\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>nam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>sval<span class=\"_ _16\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>redi<span class=\"_ _16\"></span>ti<span class=\"_ _b4\"> </span>1,<span class=\"_ _16\"></span>2<span class=\"_ _30\"> </span>0,<span class=\"_ _16\"></span>9Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>nam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>di<span class=\"_ _16\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span>d o<span class=\"_ _1\"></span>neri<span class=\"_ _1e9\"> </span>4<span class=\"_ _1\"></span>,6<span class=\"_ _46\"> </span>7,<span class=\"_ _1\"></span>5Totale<span class=\"_ _6\"></span> am<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti, a<span class=\"_ _2\"></span>cc<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> s<span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _1ea\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,8<span class=\"_ _8e\"> </span>7<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,2La<span class=\"ls0\"> <span class=\"_ _1\"></span>voce, <span class=\"_ _16\"></span>pari <span class=\"_ _16\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _1\"></span>Euro <span class=\"_ _16\"></span>77,8 <span class=\"_ _16\"></span>milioni <span class=\"_ _1\"></span>(Euro <span class=\"_ _16\"></span>76,2 <span class=\"_ _16\"></span>milioni <span class=\"_ _1\"></span>nel <span class=\"_ _16\"></span>2021) <span class=\"_ _16\"></span>mostra <span class=\"_ _1\"></span>un <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\">cremento <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>Euro 1,6 milioni. </span></span></span></span></span>L\u2019applicazione<span class=\"ff21\"> <span class=\"_ _10\"> </span></span>dell\u2019IFRS <span class=\"_ _f\"> </span>16 <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>comportato <span class=\"_ _10\"> </span>ammortamenti <span class=\"_ _10\"> </span>per <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>26<span class=\"ls7\">,6<span class=\"_ _3\"></span></span> <span class=\"_ _f\"> </span>milioni. <span class=\"_ _4\"> </span>Si <span class=\"_ _5\"> </span>ricord<span class=\"_ _2\"></span>a <span class=\"_ _4\"> </span>che<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>g<span class=\"_ _1\"></span>li ammo<span class=\"_ _1\"></span>rta<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ricon<span class=\"_ _2\"></span>du<span class=\"_ _1\"></span>cibi<span class=\"_ _2\"></span>li <span class=\"_ _3\"></span><span class=\"ls3\">ai</span> <span class=\"_ _6\"></span>va<span class=\"_ _2\"></span>lo<span class=\"_ _2\"></span>ri <span class=\"_ _3\"></span>all<span class=\"_ _2\"></span>oca<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span><span class=\"ls3\">ad</span> <span class=\"_ _6\"></span>att<span class=\"_ _1\"></span>ivit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _3\"></span>imm<span class=\"_ _2\"></span>ate<span class=\"_ _1\"></span>rial<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>(non<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>prec<span class=\"_ _2\"></span>ede<span class=\"_ _1\"></span>nte<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>te <span class=\"_ _3\"></span>iscritte) <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>vita <span class=\"_ _6\"></span>utile definita <span class=\"_ _6\"></span>nell\u2019amb<span class=\"_ _2\"></span>ito <span class=\"_ _6\"></span>dell\u2019applicaz<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>c.d. <span class=\"_ _6\"></span>\u201c<span class=\"_ _3\"></span><span class=\"ff26\">acquisition <span class=\"_ _3\"></span>method</span>\u201d <span class=\"_ _6\"></span>all\u2019aggregazi<span class=\"_ _2\"></span>one <span class=\"_ _6\"></span>aziendale <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>sono pari, per <span class=\"ff24\">l\u2019eserciz<span class=\"_ _2\"></span>io chiuso al 31 d<span class=\"_ _2\"></span>icembre 202<span class=\"ff21\">2, a Eur<span class=\"_ _2\"></span>o 1,9 milioni; </span></span>Gli <span class=\"_ _6\"></span>avviamenti <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span><span class=\"ls6\">le</span> <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>estate <span class=\"_ _6\"></span>aventi <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>util<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>indefinita <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>sottoposte <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _14\"></span>ammorta<span class=\"_ _2\"></span>mento <span class=\"_ _14\"></span>ma <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>verifiche almeno annuali per<span class=\"_ _2\"></span> identificare <span class=\"_ _2\"></span>eventuali pe<span class=\"_ _2\"></span>rdite di valore. Le svalutazioni al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 2022 sono pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro 0,9 <span class=\"_ _3\"></span>milioni (Euro 0,1 <span class=\"_ _3\"></span>milioni nel 2021) <span class=\"_ _3\"></span>e si <span class=\"_ _3\"></span>riferiscono ad impianti pres<span class=\"_ _2\"></span>enti nel polo di s<span class=\"_ _2\"></span>tampa di Catan<span class=\"_ _2\"></span>ia. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-807-4": {
   "value": "7. <span class=\"_ _1\"></span>Costi<span class=\"_ _2\"></span> de<span class=\"_ _1\"></span>l per<span class=\"_ _1\"></span>sonale La voce pu\u00f2 <span class=\"_ _3\"></span>essere dettagliata come <span class=\"_ _3\"></span>segue<span class=\"_ _2\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1e1\"> </span><span class=\"ls59\">2022<span class=\"_ _1be\"> </span>2021</span>Sal<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>sti<span class=\"_ _16\"></span>pen<span class=\"_ _1\"></span>di<span class=\"_ _1e2\"> </span>2<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _29\"> </span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>0On<span class=\"_ _2\"></span>eri<span class=\"_ _1\"></span> soci<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1e3\"> </span>7<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>7<span class=\"_ _1\"></span>6,<span class=\"_ _16\"></span>1Trattam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>rapp<span class=\"_ _1\"></span>ort<span class=\"_ _1\"></span>o<span class=\"_ _1a4\"> </span>1<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>5<span class=\"_ _3a\"> </span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _16\"></span> del<span class=\"_ _16\"></span> person<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _1e4\"> </span>(2<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _30\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6Totale<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti de<span class=\"_ _6\"></span>l pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>ona<span class=\"_ _1\"></span>le<span class=\"_ _12c\"> </span>31<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _26\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2I <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>del <span class=\"_ _14\"></span>personale <span class=\"_ _6\"></span>ammontano <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>Euro <span class=\"_ _6\"></span>3<span class=\"_ _3\"></span>17,4 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _7\"></span>325,2 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>nel<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>2021<span class=\"ls5\">) <span class=\"_ _14\"></span></span>e <span class=\"_ _14\"></span>includono <span class=\"_ _14\"></span>costi <span class=\"_ _14\"></span>del personale riconduc<span class=\"_ _2\"></span>ibili al Gruppo RC<span class=\"_ _2\"></span>S per Euro 240,<span class=\"_ _2\"></span>1 milioni <span class=\"_ _2\"></span>(Euro 245,4 m<span class=\"_ _2\"></span>ilioni nel 2021) La <span class=\"_ _1\"></span>voce <span class=\"_ _1\"></span>include <span class=\"_ _1\"></span>oneri <span class=\"_ _1\"></span>non r<span class=\"_ _2\"></span>icorrenti <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>egati <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>processo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>riorganizzazione <span class=\"_ _1\"></span>aziendale <span class=\"_ _16\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>1,5 <span class=\"_ _16\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _1\"></span>(Euro 3,6 milioni nel 2021<span class=\"_ _2\"></span>). 31. T<span class=\"_ _1\"></span>ratta<span class=\"_ _1\"></span>mento <span class=\"_ _1\"></span>di fi<span class=\"_ _2\"></span>ne r<span class=\"_ _1\"></span>appor<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> Il Trattamento di fin<span class=\"_ _2\"></span>e rapporto rapp<span class=\"_ _2\"></span>resenta una forma d<span class=\"_ _2\"></span>i retribuzione del pers<span class=\"_ _2\"></span>onale a correspon<span class=\"_ _2\"></span>sio<span class=\"_ _3\"></span>ne differita, rinviata <span class=\"_ _7\"></span>alla <span class=\"_ _8\"></span>fine <span class=\"_ _7\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>rapporto <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>lavoro. <span class=\"_ _7\"></span>La <span class=\"_ _8\"></span>passivit\u00e0 <span class=\"_ _7\"></span>relativa <span class=\"_ _8\"></span>alle <span class=\"_ _7\"></span>indennit\u00e0 <span class=\"_ _8\"></span>di <span class=\"_ _7\"></span>f<span class=\"_ _3\"></span>ine <span class=\"_ _7\"></span>rapporto <span class=\"_ _8\"></span>\u00e8 <span class=\"_ _8\"></span>attualizzata secondo <span class=\"_ _3\"></span>quanto stabilito <span class=\"_ _3\"></span>dallo <span class=\"_ _3\"></span>IAS <span class=\"_ _3\"></span>19 <span class=\"_ _3\"></span>utilizzando un <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>attualizzazione <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>3,6%. <span class=\"_ _6\"></span><span class=\"ls48\">La</span> <span class=\"_ _3\"></span>composizione e <span class=\"_ _3\"></span><span class=\"ls17\">la</span> movimentazione<span class=\"_ _2\"></span> <span class=\"ff24\">dell\u2019eserci<span class=\"_ _2\"></span>zio<span class=\"ff21\"> \u00e8 esposta ne<span class=\"_ _2\"></span>l prospe<span class=\"_ _2\"></span>tto che se<span class=\"_ _2\"></span>gue<span class=\"_ _1\"></span>: </span></span>De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>22<span class=\"_ _21b\"> </span>31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>21V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>neSa<span class=\"_ _1\"></span>ld<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>ini<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>le4<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,8<span class=\"_ _238\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,2<span class=\"_ _228\"> </span>(1<span class=\"_ _3\"></span>,4<span class=\"_ _3\"></span>)Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>nam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span><span class=\"fc0\"> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>co</span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _246\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _158\"> </span>(1,<span class=\"_ _16\"></span>3)In<span class=\"_ _1\"></span>te<span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>passi<span class=\"_ _16\"></span>vi0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _72\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2</span>P<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>te <span class=\"_ _3\"></span>(u<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>) da val<span class=\"_ _16\"></span>ut<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>ttu<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _6\"></span><span class=\"fc0\"> a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>om<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>pl<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>vo</span>(3<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _43\"> </span>(1<span class=\"_ _1\"></span>,3<span class=\"_ _1\"></span>)<span class=\"_ _56\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1)Uti<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>/al<span class=\"_ _16\"></span>tri<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i(2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _43\"> </span>(1<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _56\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8)Sa<span class=\"_ _1\"></span>ld<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,3<span class=\"_ _238\"> </span>4<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,8<span class=\"_ _228\"> </span>(5<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)Di <span class=\"_ _7\"></span>seguito <span class=\"_ _14\"></span>si <span class=\"_ _7\"></span>evidenziano <span class=\"_ _14\"></span>gli <span class=\"_ _7\"></span>organici <span class=\"_ _7\"></span>puntuali <span class=\"_ _14\"></span>amministrativi <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>dat<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>del <span class=\"_ _14\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2022, suddivisi per qual<span class=\"_ _2\"></span>ifica e per<span class=\"_ _2\"></span> area geografica: Sono riconducibi<span class=\"_ _2\"></span>li <span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>Gruppo <span class=\"ls31\">RCS</span> n. <span class=\"_ _3\"></span>2.932 dipen<span class=\"_ _1\"></span>dent<span class=\"_ _1\"></span>i. De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _14e\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _1\"></span>ioneDi<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>gen<span class=\"_ _2\"></span>ti124<span class=\"_ _1be\"> </span>121<span class=\"_ _a3\"> </span><span class=\"ls0\">3</span>Quad<span class=\"_ _1\"></span>ri303<span class=\"_ _1be\"> </span>304<span class=\"_ _83\"> </span><span class=\"ls0\">(1)</span>Im<span class=\"_ _1\"></span>pi<span class=\"_ _16\"></span>egati1<span class=\"_ _2\"></span>.81<span class=\"_ _1\"></span>8<span class=\"_ _23c\"> </span>1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>76<span class=\"_ _1\"></span>8<span class=\"_ _7d\"> </span><span class=\"ls73\">50</span>G<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rn<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>sti1<span class=\"_ _2\"></span>.43<span class=\"_ _1\"></span>2<span class=\"_ _23c\"> </span>1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>44<span class=\"_ _1\"></span>6<span class=\"_ _158\"> </span>(1<span class=\"_ _1\"></span>4)Operai183<span class=\"_ _1be\"> </span>178<span class=\"_ _a3\"> </span><span class=\"ls0\">5</span>Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>ne<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>le3.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _d7\"> </span>3<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _7b\"> </span><span class=\"ls74\">43</span>De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _247\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>neItal<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a2<span class=\"_ _2\"></span>.74<span class=\"_ _1\"></span>3<span class=\"_ _e0\"> </span>2.7<span class=\"_ _1\"></span>03<span class=\"_ _7b\"> </span><span class=\"ls75\">40</span>Estero1<span class=\"_ _2\"></span>.11<span class=\"_ _1\"></span>7<span class=\"_ _e0\"> </span>1.1<span class=\"_ _1\"></span>14<span class=\"_ _20f\"> </span>3Total<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> g<span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>ne<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>le3.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _a6\"> </span>3<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>17<span class=\"_ _163\"> </span><span class=\"ls76\">43</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-814-4": {
   "value": "8. <span class=\"_ _1\"></span>Ammor<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti,<span class=\"_ _2\"></span> ac<span class=\"_ _2\"></span>cant<span class=\"_ _1\"></span>oname<span class=\"_ _1\"></span>nti e<span class=\"_ _2\"></span> sv<span class=\"_ _1\"></span>alutaz<span class=\"_ _1\"></span>ioni La voce si compone <span class=\"_ _2\"></span>come se<span class=\"_ _1\"></span>gue:<span class=\"_ _2\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1e5\"> </span><span class=\"ls5a\">2022<span class=\"_ _29\"> </span>2021</span>Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _1e6\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>32<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> deg<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _16\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>pi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>nari<span class=\"_ _1e7\"> </span>1<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>0<span class=\"_ _30\"> </span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> di<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d\u2019u<span class=\"_ _1\"></span>so su<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ben<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> l<span class=\"_ _1\"></span>ea<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _1e8\"> </span><span class=\"ff21\">2<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>6<span class=\"_ _3a\"> </span>26<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4</span>Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _4c\"> </span>0,<span class=\"_ _16\"></span>9<span class=\"_ _97\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>nam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>sval<span class=\"_ _16\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>redi<span class=\"_ _16\"></span>ti<span class=\"_ _b4\"> </span>1,<span class=\"_ _16\"></span>2<span class=\"_ _30\"> </span>0,<span class=\"_ _16\"></span>9Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>nam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>di<span class=\"_ _16\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span>d o<span class=\"_ _1\"></span>neri<span class=\"_ _1e9\"> </span>4<span class=\"_ _1\"></span>,6<span class=\"_ _46\"> </span>7,<span class=\"_ _1\"></span>5Totale<span class=\"_ _6\"></span> am<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti, a<span class=\"_ _2\"></span>cc<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> s<span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _1ea\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,8<span class=\"_ _8e\"> </span>7<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,2La<span class=\"ls0\"> <span class=\"_ _1\"></span>voce, <span class=\"_ _16\"></span>pari <span class=\"_ _16\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _1\"></span>Euro <span class=\"_ _16\"></span>77,8 <span class=\"_ _16\"></span>milioni <span class=\"_ _1\"></span>(Euro <span class=\"_ _16\"></span>76,2 <span class=\"_ _16\"></span>milioni <span class=\"_ _1\"></span>nel <span class=\"_ _16\"></span>2021) <span class=\"_ _16\"></span>mostra <span class=\"_ _1\"></span>un <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\">cremento <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>Euro 1,6 milioni. </span></span></span></span></span>L\u2019applicazione<span class=\"ff21\"> <span class=\"_ _10\"> </span></span>dell\u2019IFRS <span class=\"_ _f\"> </span>16 <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>comportato <span class=\"_ _10\"> </span>ammortamenti <span class=\"_ _10\"> </span>per <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>26<span class=\"ls7\">,6<span class=\"_ _3\"></span></span> <span class=\"_ _f\"> </span>milioni. <span class=\"_ _4\"> </span>Si <span class=\"_ _5\"> </span>ricord<span class=\"_ _2\"></span>a <span class=\"_ _4\"> </span>che<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>g<span class=\"_ _1\"></span>li ammo<span class=\"_ _1\"></span>rta<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ricon<span class=\"_ _2\"></span>du<span class=\"_ _1\"></span>cibi<span class=\"_ _2\"></span>li <span class=\"_ _3\"></span><span class=\"ls3\">ai</span> <span class=\"_ _6\"></span>va<span class=\"_ _2\"></span>lo<span class=\"_ _2\"></span>ri <span class=\"_ _3\"></span>all<span class=\"_ _2\"></span>oca<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span><span class=\"ls3\">ad</span> <span class=\"_ _6\"></span>att<span class=\"_ _1\"></span>ivit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _3\"></span>imm<span class=\"_ _2\"></span>ate<span class=\"_ _1\"></span>rial<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>(non<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>prec<span class=\"_ _2\"></span>ede<span class=\"_ _1\"></span>nte<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>te <span class=\"_ _3\"></span>iscritte) <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>vita <span class=\"_ _6\"></span>utile definita <span class=\"_ _6\"></span>nell\u2019amb<span class=\"_ _2\"></span>ito <span class=\"_ _6\"></span>dell\u2019applicaz<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>c.d. <span class=\"_ _6\"></span>\u201c<span class=\"_ _3\"></span><span class=\"ff26\">acquisition <span class=\"_ _3\"></span>method</span>\u201d <span class=\"_ _6\"></span>all\u2019aggregazi<span class=\"_ _2\"></span>one <span class=\"_ _6\"></span>aziendale <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>sono pari, per <span class=\"ff24\">l\u2019eserciz<span class=\"_ _2\"></span>io chiuso al 31 d<span class=\"_ _2\"></span>icembre 202<span class=\"ff21\">2, a Eur<span class=\"_ _2\"></span>o 1,9 milioni; </span></span>Gli <span class=\"_ _6\"></span>avviamenti <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span><span class=\"ls6\">le</span> <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>estate <span class=\"_ _6\"></span>aventi <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>util<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>indefinita <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>sottoposte <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _14\"></span>ammorta<span class=\"_ _2\"></span>mento <span class=\"_ _14\"></span>ma <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>verifiche almeno annuali per<span class=\"_ _2\"></span> identificare <span class=\"_ _2\"></span>eventuali pe<span class=\"_ _2\"></span>rdite di valore. Le svalutazioni al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 2022 sono pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro 0,9 <span class=\"_ _3\"></span>milioni (Euro 0,1 <span class=\"_ _3\"></span>milioni nel 2021) <span class=\"_ _3\"></span>e si <span class=\"_ _3\"></span>riferiscono ad impianti pres<span class=\"_ _2\"></span>enti nel polo di s<span class=\"_ _2\"></span>tampa di Catan<span class=\"_ _2\"></span>ia. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-826-3": {
   "value": "9. <span class=\"_ _1\"></span>Altri<span class=\"_ _1\"></span> cost<span class=\"_ _2\"></span>i o<span class=\"_ _2\"></span>per<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ivi La voce pu\u00f2 <span class=\"_ _3\"></span>essere cos\u00ec detta<span class=\"_ _2\"></span>gli<span class=\"_ _1\"></span>ata: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1eb\"> </span><span class=\"ls5b\">2022<span class=\"_ _58\"> </span>2021</span>Tasse<span class=\"_ _3\"></span> ded<span class=\"_ _1\"></span>uci<span class=\"_ _16\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ded<span class=\"_ _1\"></span>uci<span class=\"_ _16\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>el<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _94\"> </span><span class=\"ff21\">3,<span class=\"_ _16\"></span>3<span class=\"_ _1ec\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1</span>Al<span class=\"_ _16\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> g<span class=\"_ _2\"></span>esti<span class=\"_ _16\"></span>on<span class=\"_ _16\"></span>e<span class=\"_ _1db\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _139\"> </span>12<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span>6Total<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> al<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>ti ope<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>i<span class=\"_ _1d8\"> </span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _40\"> </span>1<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,7Gli <span class=\"_ _15\"> </span>altri <span class=\"_ _12\"> </span>costi <span class=\"_ _12\"> </span>operativi, <span class=\"_ _15\"> </span><span class=\"ls6\">in</span> <span class=\"_ _15\"> </span>i<span class=\"_ _3\"></span>ncremento <span class=\"_ _15\"> </span>rispetto <span class=\"_ _15\"> </span><span class=\"ff24\">all\u2019esercizio</span> <span class=\"_ _12\"> </span>precedente, <span class=\"_ _15\"> </span>includono <span class=\"_ _15\"> </span>quote associative, contributi, spese d<span class=\"_ _2\"></span>i rappresentanza, <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>iberalit\u00e0 ed on<span class=\"_ _2\"></span>eri per transaz<span class=\"_ _2\"></span>ioni. La voce include pe<span class=\"_ _2\"></span>r circa Euro 10 <span class=\"_ _2\"></span>milioni gli oneri non<span class=\"_ _1\"></span> ri<span class=\"_ _3\"></span>correnti im<span class=\"_ _2\"></span>putabili alla transaz<span class=\"_ _2\"></span>ione del conten<span class=\"_ _2\"></span>zioso relativo al comp<span class=\"_ _2\"></span>lesso immobilia<span class=\"_ _2\"></span>re di via Solferin<span class=\"_ _2\"></span>o/San Mar<span class=\"_ _2\"></span>co/Balzan. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-833-2": {
   "value": "10. A<span class=\"_ _1\"></span>ltri <span class=\"_ _1\"></span>prove<span class=\"_ _2\"></span>nti <span class=\"_ _1\"></span>(oner<span class=\"_ _1\"></span>i) da <span class=\"_ _1\"></span>attiv<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _2\"></span>/pa<span class=\"_ _2\"></span>ssi<span class=\"_ _1\"></span>vit\u00e0 f<span class=\"_ _1\"></span>inanz<span class=\"_ _2\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _3\"></span> La voce si co<span class=\"_ _3\"></span>mpone come <span class=\"_ _3\"></span>seg<span class=\"_ _2\"></span>ue:<span class=\"_ _2\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1ed\"> </span><span class=\"ls5c\">2022<span class=\"_ _7a\"> </span>2021</span>P<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>usv<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>(m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>e) <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>ce<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>artec<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>paz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1c0\"> </span>-<span class=\"_ _1ee\"> </span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8P<span class=\"_ _3\"></span>ro<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> (on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>) <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>a val<span class=\"_ _16\"></span>utaz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> parteci<span class=\"_ _1\"></span>paz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>patri<span class=\"_ _0\"></span>mo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>tto<span class=\"_ _1ef\"> </span>(3<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _180\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2)(Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e) <span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>pri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>no<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e<span class=\"_ _156\"> </span>(0<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _a8\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ltr<span class=\"_ _16\"></span>i pr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>ti (one<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i) d<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span> att<span class=\"_ _2\"></span>ivit\u00e0<span class=\"_ _1\"></span>/pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _1f0\"> </span>(4,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)<span class=\"_ _e0\"> </span>4<span class=\"_ _3\"></span>,6La voce <span class=\"_ _1\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>negativi <span class=\"_ _1\"></span>Euro 4,1 <span class=\"_ _1\"></span>milioni <span class=\"_ _2\"></span>include <span class=\"_ _2\"></span>prevalente<span class=\"_ _2\"></span>mente <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>risultato <span class=\"_ _1\"></span>del Gr<span class=\"_ _2\"></span>uppo <span class=\"_ _2\"></span>Corporacion <span class=\"_ _1\"></span>Bermont valutato con il meto<span class=\"_ _2\"></span>do del patri<span class=\"_ _2\"></span>monio netto. Nel <span class=\"_ _8\"></span>2021 <span class=\"_ _8\"></span>si <span class=\"_ _8\"></span>era <span class=\"_ _8\"></span>invece <span class=\"_ _8\"></span>realizzata <span class=\"_ _8\"></span>una <span class=\"_ _8\"></span>plusvalenza <span class=\"_ _7\"></span>pari <span class=\"_ _8\"></span>a <span class=\"_ _12\"> </span>Euro <span class=\"_ _3\"></span>7,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _8\"></span>realizzata <span class=\"_ _7\"></span>con <span class=\"_ _8\"></span>la <span class=\"_ _15\"> </span>cessione <span class=\"_ _7\"></span>della partecipata <span class=\"_ _0\"></span>spagnola <span class=\"_ _0\"></span>Unida<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span>Editorial <span class=\"_ _0\"></span>Juegos <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>parte <span class=\"_ _16\"></span>compensata <span class=\"_ _1\"></span>dalla <span class=\"_ _16\"></span>minusvalenza <span class=\"_ _16\"></span>realizzata <span class=\"_ _16\"></span>con <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _16\"></span>cessione </span></span>di Informaci\u00f3n Es<span class=\"_ _2\"></span>tadio Deportivo S.A<span class=\"_ _2\"></span>. (Euro 0,5 <span class=\"_ _2\"></span>milioni). 11. P<span class=\"_ _1\"></span>rove<span class=\"_ _2\"></span>nti <span class=\"_ _2\"></span>e (<span class=\"_ _1\"></span>oneri<span class=\"_ _2\"></span>) fi<span class=\"_ _2\"></span>nanz<span class=\"_ _1\"></span>iari Gli <span class=\"_ _14\"></span>oneri <span class=\"_ _6\"></span>finanziari <span class=\"_ _6\"></span>netti <span class=\"_ _14\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>8,8 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _14\"></span>11,1 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>nel <span class=\"_ _14\"></span>2021) <span class=\"_ _6\"></span>presentano <span class=\"_ _14\"></span>un <span class=\"_ _6\"></span>decremento <span class=\"_ _14\"></span>di Euro 2,3 milion<span class=\"_ _2\"></span>i. Al <span class=\"_ _10\"> </span>miglioramento <span class=\"_ _10\"> </span>contribuiscono <span class=\"_\"> </span>i <span class=\"_ _f\"> </span>minori <span class=\"_ _10\"> </span>interessi <span class=\"_ _10\"> </span>maturati <span class=\"_ _10\"> </span>sull\u2019indeb<span class=\"_ _2\"></span>itamento <span class=\"_\"> </span>fi<span class=\"_ _3\"></span>nanziario<span class=\"_ _2\"></span> <span class=\"_ _10\"> </span>netto <span class=\"_ _f\"> </span>come conseguenza <span class=\"_ _10\"> </span>sia <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>riduzione <span class=\"_ _10\"> </span>dell\u2019esposizione <span class=\"_ _10\"> </span>media, <span class=\"_ _f\"> </span>del <span class=\"_ _10\"> </span>t<span class=\"_ _3\"></span>asso <span class=\"_ _f\"> </span>di <span class=\"_ _10\"> </span>interesse, <span class=\"_ _f\"> </span>minori <span class=\"_ _f\"> </span>on<span class=\"_ _3\"></span>eri <span class=\"_ _f\"> </span>netti <span class=\"_ _10\"> </span>per attualizzazion<span class=\"_ _2\"></span>i e minori spese ban<span class=\"_ _2\"></span>carie. Si riporta di seguito <span class=\"_ _2\"></span>il dettaglio della voce <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>n esam<span class=\"_ _2\"></span>e:<span class=\"_ _1\"></span> De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1f1\"> </span><span class=\"ls5d\">2022<span class=\"_ _186\"> </span>2021</span>In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _16\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>/c,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _171\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _dd\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1P<span class=\"_ _3\"></span>rov<span class=\"_ _1\"></span>enti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su d<span class=\"_ _2\"></span>eri<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>ati<span class=\"_ _1f2\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _dd\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Al<span class=\"_ _16\"></span>tri<span class=\"_ _1f3\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _dd\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> pr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>nti<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _1f4\"> </span>3<span class=\"_ _3\"></span>,4<span class=\"_ _3c\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> bancari<span class=\"_ _1f5\"> </span>-<span class=\"_ _2c\"> </span>-In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>su fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>ti<span class=\"_ _1f6\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)<span class=\"_ _1f7\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)Oneri<span class=\"_ _16\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span> deri<span class=\"_ _16\"></span>vati<span class=\"_ _1f8\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4)<span class=\"_ _1f7\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5)In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>su d<span class=\"_ _2\"></span>ebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ea<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> - IFRS 1<span class=\"_ _1\"></span>6<span class=\"_ _1f9\"> </span>(3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2)<span class=\"_ _1f7\"> </span>(3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2)Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1fa\"> </span>(6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)<span class=\"_ _1f7\"> </span>(6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7)To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> o<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>ri<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>i<span class=\"_ _13b\"> </span>(12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _af\"> </span>(1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)One<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>i ne<span class=\"_ _6\"></span>tti<span class=\"_ _1fb\"> </span>(8<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _7a\"> </span>(11<span class=\"_ _3\"></span>,1<span class=\"_ _6\"></span>)La <span class=\"_\"> </span>voce <span class=\"_\"> </span>\u201cAltri <span class=\"_ _10\"> </span>oneri <span class=\"_\"> </span>finanziari\u201d <span class=\"_\"> </span>include <span class=\"_\"> </span>oneri <span class=\"_\"> </span>finanziari <span class=\"_\"> </span>da <span class=\"_\"> </span>attualizzazione,<span class=\"_ _3\"></span> <span class=\"_\"> </span>perdite <span class=\"_\"> </span>su <span class=\"_\"> </span>cambi, <span class=\"_ _10\"> </span>spese <span class=\"_\"> </span>e commissioni banc<span class=\"_ _2\"></span>arie. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-860-2": {
   "value": "13. I<span class=\"_ _1\"></span>mpost<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>dell<span class=\"_ _1\"></span>\u2019eser<span class=\"_ _2\"></span>ciz<span class=\"_ _1\"></span>io Le <span class=\"_ _6\"></span>imposte <span class=\"_ _6\"></span>dell\u2019esercizio<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>presentano <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>saldo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span><span class=\"ff21\">4,7 <span class=\"_ _14\"></span>milioni <span class=\"_ _3\"></span>(Euro <span class=\"_ _14\"></span>16,8 <span class=\"_ _3\"></span>milioni <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>2021). <span class=\"_ _6\"></span>Le <span class=\"_ _6\"></span>imposte </span>dell\u2019esercizio posso<span class=\"_ _2\"></span>no essere det<span class=\"_ _2\"></span>tagliate come <span class=\"_ _2\"></span>segue: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _202\"> </span><span class=\"ls5e\">2022<span class=\"_ _152\"> </span>2021</span>Ires <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>el<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>\u2019e<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>rci<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _203\"> </span><span class=\"ff21\">3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1fe\"> </span>6,<span class=\"_ _16\"></span>9</span>Irap d<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>\u2019e<span class=\"_ _3\"></span>serc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _1fa\"> </span><span class=\"ff21\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1fe\"> </span>4,<span class=\"_ _1\"></span>5</span>Im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste <span class=\"_ _3\"></span>anti<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>te<span class=\"_ _12d\"> </span>(0<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _204\"> </span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4Total<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> imp<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>te<span class=\"_ _205\"> </span>4,<span class=\"_ _3\"></span>7<span class=\"_ _191\"> </span>1<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,8Il <span class=\"_ _16\"></span>prospett<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>riconciliazione <span class=\"_ _16\"></span><span class=\"ls6\">tra<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019onere<span class=\"ff21\"> <span class=\"_ _16\"></span>fiscale <span class=\"_ _1\"></span>risultante <span class=\"_ _16\"></span>dal <span class=\"_ _1\"></span>bilancio <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019onere<span class=\"ff21\"> <span class=\"_ _16\"></span>fiscale <span class=\"_ _1\"></span>teorico pu\u00f2 essere </span></span></span></span></span></span></span></span>analizzato co<span class=\"_ _2\"></span>me segue: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1e5\"> </span><span class=\"ls5f\">2022<span class=\"_ _206\"> </span>2021</span>Ri<span class=\"_ _16\"></span>sul<span class=\"_ _16\"></span>tato<span class=\"_ _2\"></span> pri<span class=\"_ _0\"></span>ma del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste<span class=\"_ _207\"> </span>5<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>,4<span class=\"_ _d8\"> </span>9<span class=\"_ _1\"></span>6,<span class=\"_ _16\"></span>8Onere fi<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> teori<span class=\"_ _16\"></span>co<span class=\"_ _1cf\"> </span>1<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>5<span class=\"_ _d8\"> </span>2<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2Effetti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>sca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>egati<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>sol<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>o e <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>\u201c<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>rc<span class=\"_ _3\"></span>hase <span class=\"_ _3\"></span>pri<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ocati<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>\u201d<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> RCS<span class=\"_ _208\"> </span><span class=\"ff21\">(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4)<span class=\"_ _14e\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2)</span>Effetto<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>ffere<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> perm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nen<span class=\"_ _2\"></span>ti<span class=\"_ _99\"> </span>(1<span class=\"_ _1\"></span>0,<span class=\"_ _16\"></span>7)<span class=\"_ _14e\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>)Irap<span class=\"_ _209\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _20a\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5Imp<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span> de<span class=\"_ _6\"></span>ll<span class=\"_ _2\"></span>\u2019e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>nti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>dif<span class=\"_ _16\"></span>f<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _20b\"> </span><span class=\"ff23\">4,<span class=\"_ _3\"></span>7<span class=\"_ _14e\"> </span>16<span class=\"_ _3\"></span>,8</span>Ai <span class=\"_ _3\"></span>fini <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>una <span class=\"_ _6\"></span>migliore <span class=\"_ _3\"></span>comprensione <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>riconciliazione <span class=\"_ _3\"></span>tra <span class=\"_ _6\"></span>l\u2019onere <span class=\"_ _3\"></span>fiscale <span class=\"_ _3\"></span>risultante <span class=\"_ _3\"></span>dal <span class=\"_ _6\"></span>bilancio<span class=\"ff21\"> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span></span>l\u2019oner<span class=\"_ _2\"></span>e<span class=\"ff21\"> </span>fiscale <span class=\"_ _2\"></span>teorico, n<span class=\"_ _2\"></span>on <span class=\"ls34\">si<span class=\"_ _1\"></span><span class=\"ls0\"> \u00e8 tenuto c<span class=\"_ _2\"></span>onto <span class=\"ff24\">de<span class=\"_ _2\"></span>ll\u2019IRAP<span class=\"ff21\"> <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> quanto, <span class=\"_ _2\"></span>essendo <span class=\"_ _2\"></span><span class=\"ff24\">questa <span class=\"_ _2\"></span>un\u2019imposta <span class=\"_ _2\"></span>con una <span class=\"_ _1\"></span>base imponibil<span class=\"_ _2\"></span>e </span></span></span></span></span></span></span>diversa <span class=\"_ _1\"></span>dall\u2019utile <span class=\"_ _1\"></span>prima <span class=\"_ _2\"></span>delle <span class=\"_ _16\"></span>imposte, <span class=\"_ _2\"></span>genererebbe <span class=\"_ _1\"></span>effett<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>distorsiv<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>tra u<span class=\"_ _2\"></span>n <span class=\"_ _1\"></span>esercizio <span class=\"_ _1\"></span>ed un<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>altro. <span class=\"_ _2\"></span>L\u2019onere <span class=\"_ _1\"></span>fiscale teorico \u00e8 stato de<span class=\"_ _2\"></span>terminato appl<span class=\"_ _2\"></span>icando l\u2019aliquot<span class=\"_ _2\"></span>a fiscale IRES vigente par<span class=\"_ _2\"></span>i al 24%. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-871-3": {
   "value": "14. I<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>tiva<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> se<span class=\"_ _2\"></span>ttor<span class=\"_ _1\"></span>e P<span class=\"_ _2\"></span>er<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>a <span class=\"_ _16\"></span>mig<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>mp<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e <span class=\"_ _16\"></span>de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>eco<span class=\"_ _1\"></span>no<span class=\"_ _2\"></span>mi<span class=\"_ _1\"></span>co <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _16\"></span>pos<span class=\"_ _1\"></span>si<span class=\"_ _2\"></span>bi<span class=\"_ _1\"></span>le<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>co<span class=\"_ _2\"></span><span class=\"ff21\">nc<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ra<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019analisi<span class=\"ff21\"> <span class=\"_ _16\"></span>sui<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>risultati </span></span></span>conseguiti <span class=\"ff24\">nell\u2019ese<span class=\"_ _2\"></span>rcizio<span class=\"ff21\"> a live<span class=\"_ _2\"></span>llo dei singoli pri<span class=\"_ _2\"></span>ncipali settori <span class=\"ls7\">di</span> attivit\u00e0, che sono stati identifica<span class=\"_ _2\"></span>ti, in accordo </span></span>con quanto <span class=\"_ _3\"></span>previsto <span class=\"_ _3\"></span>dall\u2019IFRS 8 <span class=\"_ _3\"></span><span class=\"ff21\">- <span class=\"_ _3\"></span><span class=\"ff26\">Segmenti<span class=\"_ _3\"></span> operativi</span>, <span class=\"_ _3\"></span>sulla base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>reportistica interna <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>regolarmente<span class=\"_ _2\"></span> </span>rivista dal man<span class=\"_ _2\"></span>agement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-876-2": {
   "value": "A <span class=\"_ _15\"> </span>l<span class=\"_ _3\"></span>ivello <span class=\"_ _15\"> </span>gestionale, <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _11\"> </span>organizzato <span class=\"_ _15\"></span>in <span class=\"_ _12\"> </span><span class=\"ff26\">business <span class=\"_ _12\"> </span>unit, <span class=\"_ _12\"> </span></span>alle <span class=\"_ _15\"> </span>quali <span class=\"_ _12\"> </span>corrispondono <span class=\"_ _15\"> </span>pr<span class=\"_ _3\"></span>oprie <span class=\"_ _15\"> </span>strutture societarie <span class=\"_ _14\"></span>o <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>aggregazioni <span class=\"_ _14\"></span>delle <span class=\"_ _7\"></span>stesse, <span class=\"_ _14\"></span>in <span class=\"_ _7\"></span>base <span class=\"_ _14\"></span>ai <span class=\"_ _7\"></span>prodotti <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>se<span class=\"_ _3\"></span>rvizi <span class=\"_ _14\"></span>offerti <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>presenta <span class=\"_ _14\"></span>sei <span class=\"_ _7\"></span>settori <span class=\"_ _7\"></span>operativi<span class=\"_ _2\"></span> oggetto di inform<span class=\"_ _2\"></span>ativa, di seguito de<span class=\"_ _2\"></span>ttagliati: <span class=\"ff23 fs2 fc0\">Editoria <span class=\"_ _2\"></span>periodic<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>Cairo <span class=\"_ _1\"></span>Editore<span class=\"ff21\">, <span class=\"_ _1\"></span>il Gr<span class=\"_ _1\"></span>uppo oper<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _1\"></span>qualit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>editore <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>periodici <span class=\"_ _1\"></span>e libr<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>attraverso <span class=\"ls6\">le</span> <span class=\"_ _3\"></span>societ\u00e0 </span></span>controllate <span class=\"_ _12\"> </span>(i) <span class=\"_ _11\"> </span>Cairo <span class=\"_ _11\"> </span>Editore <span class=\"_ _11\"> </span>- <span class=\"_ _11\"> </span>che <span class=\"_ _11\"> </span>nel <span class=\"_ _11\"> </span>corso <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>2009 <span class=\"_ _12\"> </span>ha <span class=\"_ _11\"> </span>incorporato <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>Editoriale <span class=\"_ _14\"></span>Giorgio <span class=\"_ _7\"></span>Mondadori <span class=\"_ _14\"></span>e pubblica <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>settimanali <span class=\"_ _6\"></span>\u201cSettimanale <span class=\"_ _6\"></span>DIPIU\u2019\u201d, <span class=\"_ _6\"></span>\u201cDIPIU\u2019 <span class=\"_ _6\"></span>TV\u201d <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>gli <span class=\"_ _6\"></span>allegati <span class=\"_ _14\"></span>\u201cSettimanal<span class=\"_ _2\"></span>e <span class=\"_ _14\"></span>DIPI<span class=\"_ _2\"></span>U\u2019 <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>DIPIU\u2019TV<span class=\"_ _3\"></span><span class=\"ff21\"> </span>Cucina <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>Stellare\u201d, <span class=\"_ _10\"> </span>\u201cDiva <span class=\"_ _10\"> </span>e <span class=\"_ _f\"> </span>Donna\u201d, <span class=\"_ _10\"> </span>l\u2019allegato <span class=\"_ _f\"> </span>qu<span class=\"ls0\">indicinale <span class=\"_ _11\"> </span></span>\u201cCucina<span class=\"ff21\"> <span class=\"_ _10\"> </span></span>Mia\u201d<span class=\"ff21\">, <span class=\"_\"> </span></span>\u201cTV<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span><span class=\"ff24\">Mia\u201d,</span> <span class=\"_ _11\"> </span><span class=\"ff24\">\u201cNuovo\u201d,</span> <span class=\"_ _11\"> </span><span class=\"ff24\">\u201cF\u201d,</span> \u201cSettimanale<span class=\"ff21\"> </span>Giallo\u201d,<span class=\"ff21\"> <span class=\"_ _3\"></span></span>\u201cNuovo <span class=\"_ _14\"></span>TV\u201d<span class=\"ff21\">, <span class=\"_ _6\"></span></span>\u201c<span class=\"ff21\">Enigmistica <span class=\"_ _14\"></span>Pi\u00f9</span>\u201d<span class=\"ff21\">, <span class=\"_ _14\"></span></span>\u201c<span class=\"ff21\">Enig<span class=\"_ _2\"></span>mistica <span class=\"_ _14\"></span>Mia <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>i <span class=\"_ _14\"></span>mensili <span class=\"_ _14\"></span><span class=\"ff24\">\u201cFor</span> <span class=\"_ _14\"></span><span class=\"ff24\">Men <span class=\"_ _14\"></span>Magazine\u201d,<span class=\"_ _2\"></span><span class=\"ff21\"> </span></span></span>\u201cNatural<span class=\"ff21\"> <span class=\"_ _3\"></span></span>Style\u201d,<span class=\"ff21\"> </span>Bell\u2019Italia\u201d,<span class=\"ff21\"> </span>\u201cBell\u2019Europa\u201d,<span class=\"ff21\"> </span>\u201cIn<span class=\"ff21\"> <span class=\"_ _3\"></span></span>Viaggio\u201d,<span class=\"ff21\"> <span class=\"_ _3\"></span></span>\u201cAirone\u201d,<span class=\"ff21\"> <span class=\"_ _3\"></span></span>\u201cGardenia\u201d, <span class=\"_ _3\"></span>\u201cArt<span class=\"_ _3\"></span>e\u201d <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>\u201cAntiquar<span class=\"_ _2\"></span>iato\u201d, <span class=\"_ _6\"></span>e (ii) Cairo Publish<span class=\"_ _2\"></span>ing, che pubbl<span class=\"_ _2\"></span>ica libri; <span class=\"ff23 fs2 fc0\">Concessionarie <span class=\"_ _6\"></span><span class=\"ls60\">di<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span>pubblic<span class=\"_ _2\"></span>it\u00e0<span class=\"ff21\">, <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>settore <span class=\"_ _14\"></span>include <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>due <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _14\"></span>Cairo <span class=\"_ _6\"></span>Communication <span class=\"_ _6\"></span>S.p.A. <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>CAIRORCS </span></span>Media S.p.A., ed <span class=\"_ _3\"></span>opera nella raccolta pubblicitaria <span class=\"_ _5\"> </span>sul m<span class=\"_ _3\"></span>ezzo stampa per le <span class=\"_ _3\"></span>testate cartacee <span class=\"_ _3\"></span>e online di <span class=\"_ _3\"></span>RCS, per <span class=\"_ _6\"></span>le <span class=\"_ _3\"></span>testate <span class=\"_ _6\"></span>periodiche <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Cairo <span class=\"_ _6\"></span>Editore<span class=\"ff26\">, <span class=\"_ _6\"></span></span>nella <span class=\"_ _3\"></span>raccolta <span class=\"_ _3\"></span>pubblicitaria <span class=\"_ _6\"></span>sul <span class=\"_ _3\"></span>mezzo <span class=\"_ _6\"></span>TV <span class=\"_ _3\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _3\"></span>canali <span class=\"_ _6\"></span>La7 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>La7d, per <span class=\"_ _6\"></span>la <span class=\"_ _3\"></span>vendita <span class=\"_ _6\"></span>degli <span class=\"_ _3\"></span>spazi <span class=\"_ _6\"></span>pubblicitari <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>bordo <span class=\"_ _3\"></span>campo pr<span class=\"_ _3\"></span>esso <span class=\"_ _3\"></span><span class=\"ls6\">lo</span> <span class=\"_ _3\"></span>stadio <span class=\"_ _6\"></span>Olimpico <span class=\"_ _3\"></span><span class=\"ls7\">di</span> <span class=\"_ _6\"></span>Torino <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls6\">il</span> <span class=\"_ _6\"></span>Torino <span class=\"_ _3\"></span>FC <span class=\"_ _6\"></span>e per la raccolta pub<span class=\"_ _2\"></span>blicitaria<span class=\"_ _2\"></span> di alcuni altri edi<span class=\"_ _2\"></span>tori terzi; <span class=\"ff23 fs2 fc0\">Editoria televisiva La7 e operatore<span class=\"_ _2\"></span> <span class=\"ls28\">di</span> rete<span class=\"ff21\">, il <span class=\"_ _3\"></span>settore include La7 S.p.A., che opera come editore telev<span class=\"_ _2\"></span>isivo, </span></span>pubblicando <span class=\"_ _1\"></span>le e<span class=\"_ _2\"></span>mittenti <span class=\"_ _1\"></span>La7 e <span class=\"_ _1\"></span>La7d <span class=\"_ _1\"></span>Cairo <span class=\"_ _2\"></span>Network <span class=\"_ _16\"></span>S.r.l. <span class=\"_ _1\"></span>che, <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>corso <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>2014, <span class=\"_ _1\"></span><span class=\"ls7\">ha<span class=\"ls0\"> pa<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>tecipato <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>procedura </span></span>indetta <span class=\"_ _16\"></span>dal <span class=\"_ _1\"></span>Ministero <span class=\"_ _16\"></span>dello <span class=\"_ _1\"></span>Sviluppo <span class=\"_ _1\"></span>Economico <span class=\"_ _16\"></span>aggiudicandosi <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>diritti <span class=\"_ _1\"></span><span class=\"ff24\">d\u2019uso d<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"_ _16\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>otto <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>frequenze <span class=\"_ _16\"></span><span class=\"ff24\">(\u201cMux\u201d).<span class=\"ff21\"> </span></span></span></span></span></span>Con <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019acquisto<span class=\"ff21\"> de<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>Mux, <span class=\"_ _1\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>Gruppo Cai<span class=\"_ _2\"></span>ro <span class=\"_ _2\"></span>Communica<span class=\"_ _2\"></span>tion <span class=\"_ _1\"></span>\u00e8 diventato attivo anche come ope<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>atore di rete<span class=\"_ _2\"></span>; </span></span></span></span><span class=\"ff23 fs2 fc0 ls16\">RCS<span class=\"ff21 ls0\">, <span class=\"_ _0\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>entrato, <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>2016, <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>settore<span class=\"_ _2\"></span> <span class=\"_ _0\"></span><span class=\"ff24\">dell\u2019editoria<span class=\"ff21\"> <span class=\"_ _0\"></span>quotid<span class=\"_ _2\"></span>iana, <span class=\"_ _1\"></span>con <span class=\"ff24\">l\u2019acquisi<span class=\"_ _2\"></span>zione<span class=\"ff21\"> del controllo di RCS.<span class=\"_ _1\"></span> </span></span></span></span></span></span></span></span>RCS, <span class=\"_ _10\"> </span>di<span class=\"_ _3\"></span>rettamente <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>attraverso <span class=\"_ _f\"> </span><span class=\"ls6\">le</span> <span class=\"_ _f\"> </span>sue <span class=\"_ _f\"> </span>controllate, <span class=\"_ _11\"> </span>\u00e8 <span class=\"_ _11\"> </span>attiva <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>Ita<span class=\"_ _2\"></span>lia <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>Sp<span class=\"_ _2\"></span>agna <span class=\"_ _11\"> </span>nella <span class=\"_ _11\"> </span>pubblicazione <span class=\"_ _12\"> </span>e commercializzaz<span class=\"_ _2\"></span>ione <span class=\"_\"> </span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_\"> </span>q<span class=\"_ _1\"></span>uot<span class=\"_ _3\"></span>idiani, <span class=\"_ _11\"> </span>periodici <span class=\"_ _5\"> </span>(settimanal<span class=\"_ _2\"></span>i <span class=\"_ _5\"> </span>e <span class=\"_ _5\"> </span>mensil<span class=\"_ _2\"></span>i), <span class=\"_ _5\"> </span>nella <span class=\"_ _4\"> </span>relativa <span class=\"_ _5\"> </span>attivit\u00e0 <span class=\"_ _4\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _5\"> </span>raccolta pubblicitaria <span class=\"_ _12\"> </span><span class=\"ls34\">su</span> <span class=\"_ _12\"> </span>stampa <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>online <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>Spagna, <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>nella <span class=\"_ _14\"></span>distribuzione <span class=\"_ _6\"></span>editoriale <span class=\"_ _14\"></span>nel <span class=\"_ _6\"></span>canale <span class=\"_ _14\"></span>delle <span class=\"_ _6\"></span>edicole. <span class=\"_ _14\"></span>RCS <span class=\"_ _14\"></span>\u00e8 inoltre <span class=\"_ _1\"></span>marginalmente <span class=\"_ _1\"></span>attiva, <span class=\"_ _1\"></span>in Ita<span class=\"_ _2\"></span>lia, <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ercato <span class=\"_ _1\"></span>della <span class=\"ff26\">pay <span class=\"_ _16\"></span>tv<span class=\"ff21\">, con <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>canali <span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>elevisivi <span class=\"_ _1\"></span>satellitar<span class=\"ls6\">i <span class=\"_ _1\"></span><span class=\"ff26 ls0\">Caccia <span class=\"_ _1\"></span>e P<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>ca </span></span></span></span>e attraverso le web <span class=\"_ _2\"></span>tv del Corr<span class=\"_ _2\"></span>iere della Sera e d<span class=\"_ _2\"></span>ella Gazzett<span class=\"_ _2\"></span>a dello Sport. In <span class=\"_ _2\"></span>Spagna <span class=\"_ _2\"></span>\u00e8 p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>esente <span class=\"_ _1\"></span>con la <span class=\"_ _1\"></span>prima radio <span class=\"_ _1\"></span>sportiva n<span class=\"_ _2\"></span>azionale <span class=\"ff26\">Rad<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>M<span class=\"_ _3\"></span>arca<span class=\"ff21\">, <span class=\"_ _2\"></span>con <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>a w<span class=\"_ _2\"></span>eb <span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>v di <span class=\"_ _1\"></span>El M<span class=\"_ _2\"></span>undo ed <span class=\"_ _16\"></span>emette </span></span>attraverso il <span class=\"_ _2\"></span>multiplex Veo <span class=\"_ _2\"></span>i due canali di tv d<span class=\"_ _2\"></span>igitale <span class=\"ff26\">GOL Television </span><span class=\"ls3\">e </span><span class=\"ff26\">Discovery <span class=\"_ _2\"></span>max<span class=\"ff21\">. </span></span>RCS <span class=\"_ _16\"></span>or<span class=\"_ _3\"></span>ganizza, <span class=\"_ _1\"></span>inoltre, <span class=\"_ _1\"></span>attraverso <span class=\"_ _1\"></span>RCS <span class=\"_ _1\"></span>Sport <span class=\"_ _1\"></span>ed <span class=\"_ _2\"></span>RCS <span class=\"_ _16\"></span>Sports <span class=\"_ _2\"></span>&amp; <span class=\"_ _1\"></span>Events <span class=\"_ _1\"></span>eventi <span class=\"_ _1\"></span>sportivi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>significativa <span class=\"_ _1\"></span>rilevanza a <span class=\"_ _16\"></span>livello <span class=\"_ _16\"></span>mondiale <span class=\"_ _16\"></span>(<span class=\"ff26\">inter <span class=\"_ _1\"></span>alia: <span class=\"_ _16\"></span><span class=\"ff21 ls6\">il <span class=\"_ _16\"></span><span class=\"ff27 ls0\">Giro <span class=\"_ _16\"></span>d\u2019Italia<span class=\"ff24\">, <span class=\"_ _16\"></span>l\u2019<span class=\"ff26\">UAE <span class=\"_ _16\"></span>Tour<span class=\"ff21\">, <span class=\"_ _1\"></span>la <span class=\"_ _16\"></span><span class=\"ff26\">Milano <span class=\"_ _16\"></span>City <span class=\"_ _1\"></span>Marathon<span class=\"ff21\">) <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>si <span class=\"_ _1\"></span>propone <span class=\"_ _0\"></span>come <span class=\"_ _1\"></span><span class=\"ff26\">partner </span></span></span></span></span></span></span></span></span>per l\u2019ideazione e <span class=\"_ _2\"></span>l\u2019organizz<span class=\"_ _2\"></span>azione di event<span class=\"_ _2\"></span>i attraverso R<span class=\"_ _2\"></span>CS Live.<span class=\"ff21\"> </span>Con <span class=\"_ _1\"></span><span class=\"ff26\">Solferino <span class=\"_ _16\"></span>-<span class=\"_ _3\"></span> <span class=\"_ _1\"></span><span class=\"ff21\">i <span class=\"_ _1\"></span>libri <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span><span class=\"ff26\">Corriere <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>Sera <span class=\"_ _1\"></span><span class=\"ff21 ls31\">RCS<span class=\"ls0\"> <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>attiva <span class=\"_ _1\"></span><span class=\"ff24\">nell\u2019editoria<span class=\"ff21\"> <span class=\"_ _16\"></span>libraria <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>partire <span class=\"_ _1\"></span>da marz<span class=\"_ _2\"></span>o 201<span class=\"_ _1\"></span>9 opera </span></span></span></span></span></span></span>RCS Academy la nu<span class=\"_ _2\"></span>ova Busines<span class=\"_ _2\"></span>s School del grupp<span class=\"_ _1\"></span>o RCS;<span class=\"_ _3\"></span> 2022E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria Co<span class=\"_ _1\"></span>nces<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ari<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria <span class=\"_ _2\"></span>tele<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>a RCSI<span class=\"_ _16\"></span>nfra <span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le(V<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> in m<span class=\"_ _16\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> L<span class=\"_ _1\"></span>a7 e o<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>re d<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _2\"></span>teCa<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _2\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> nett<span class=\"_ _1\"></span>i<span class=\"_ _20c\"> </span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _191\"> </span>3<span class=\"_ _3\"></span>4<span class=\"_ _6\"></span>9,6<span class=\"_ _67\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,8<span class=\"_ _a0\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,0<span class=\"_ _1d\"> </span>(32<span class=\"_ _3\"></span>4<span class=\"_ _6\"></span>,9)<span class=\"_ _19\"> </span>1.0<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0V<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ze<span class=\"_ _88\"> </span>0,<span class=\"_ _2\"></span>0<span class=\"_ _7a\"> </span><span class=\"fc0\">-<span class=\"_ _e9\"> </span>-<span class=\"_ _1c4\"> </span></span>2<span class=\"_ _1\"></span>,4<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _110\"> </span></span>2,<span class=\"_ _2\"></span>4A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _20d\"> </span>7<span class=\"_ _2\"></span>,9<span class=\"_ _18c\"> </span>6,<span class=\"_ _2\"></span>2<span class=\"_ _1a6\"> </span>4,<span class=\"_ _1\"></span>6<span class=\"_ _162\"> </span>36<span class=\"_ _1\"></span>,0<span class=\"_ _6a\"> </span>(5<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _a0\"> </span>49<span class=\"_ _1\"></span>,2T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le<span class=\"_ _3\"></span> ri<span class=\"_ _3\"></span>cav<span class=\"_ _0\"></span>i<span class=\"_ _1f0\"> </span>87<span class=\"_ _3\"></span>,5<span class=\"_ _20e\"> </span>3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,8<span class=\"_ _67\"> </span>11<span class=\"_ _3\"></span>9<span class=\"_ _6\"></span>,5<span class=\"_ _54\"> </span>8<span class=\"_ _6\"></span>83<span class=\"_ _3\"></span>,4<span class=\"_ _1d\"> </span>(3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)<span class=\"_ _19\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,7C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11d\"> </span>(6<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _89\"> </span>(3<span class=\"_ _1\"></span>27<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _20f\"> </span>(6<span class=\"_ _1\"></span>6,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(5<span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _10e\"> </span>33<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>7<span class=\"_ _210\"> </span>(6<span class=\"_ _1\"></span>40<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el <span class=\"_ _1\"></span>p<span class=\"_ _6\"></span>ers<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _211\"> </span>(1<span class=\"_ _1\"></span>6,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _14e\"> </span>(2<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>5)<span class=\"_ _157\"> </span>(3<span class=\"_ _1\"></span>7,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _1\"></span>38<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(0<span class=\"_ _1\"></span>,1)<span class=\"_ _212\"> </span>(3<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>)Pr<span class=\"_ _2\"></span>ov<span class=\"_ _6\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _213\"> </span><span class=\"fc0\">-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _167\"> </span></span>(1<span class=\"_ _1\"></span>2,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _1d\"> </span></span>(1<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)M<span class=\"_ _16\"></span>argi<span class=\"_ _3\"></span>ne op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>iv<span class=\"_ _16\"></span>o lo<span class=\"_ _2\"></span>rd<span class=\"_ _16\"></span>o<span class=\"_ _16a\"> </span>4,4<span class=\"_ _18c\"> </span>4,8<span class=\"_ _70\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,6<span class=\"_ _a0\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _1e\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1A<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>rt<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _2\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>alut<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span>(2<span class=\"_ _1\"></span>,5<span class=\"_ _2\"></span>)<span class=\"_ _78\"> </span>(2<span class=\"_ _1\"></span>,2)<span class=\"_ _15c\"> </span>(1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _167\"> </span>(5<span class=\"_ _1\"></span>7,1<span class=\"_ _1\"></span>)<span class=\"_ _160\"> </span>0,<span class=\"_ _2\"></span>0<span class=\"_ _1d\"> </span>(7<span class=\"_ _1\"></span>7,8<span class=\"_ _1\"></span>)Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rativ<span class=\"_ _0\"></span>o<span class=\"_ _216\"> </span>1<span class=\"_ _3\"></span>,9<span class=\"_ _217\"> </span>2<span class=\"_ _3\"></span>,6<span class=\"_ _206\"> </span>(0<span class=\"_ _3\"></span>,4)<span class=\"_ _6a\"> </span>65<span class=\"_ _3\"></span>,0<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _15d\"> </span>69<span class=\"_ _3\"></span>,3A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _2\"></span>on<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>as<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> f<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _d7\"> </span><span class=\"fc0\">-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _6a\"> </span></span>(4,<span class=\"_ _1\"></span>1)<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _15d\"> </span></span>(4<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)G<span class=\"_ _16\"></span>es<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e fi<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _6\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _16e\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _66\"> </span>(0<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _70\"> </span>(0,<span class=\"_ _1\"></span>4)<span class=\"_ _6a\"> </span>(8<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(0<span class=\"_ _1\"></span>,0)<span class=\"_ _15d\"> </span>(<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,8<span class=\"_ _1\"></span>)Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> p<span class=\"_ _16\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>le<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1ef\"> </span>1<span class=\"_ _3\"></span>,8<span class=\"_ _217\"> </span>2<span class=\"_ _3\"></span>,3<span class=\"_ _6e\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,8)<span class=\"_ _218\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,0<span class=\"_ _56\"> </span>0,1<span class=\"_ _15d\"> </span>5<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,4Im<span class=\"_ _16\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>te<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _6\"></span>l<span class=\"_ _1\"></span> redd<span class=\"_ _6\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _1b1\"> </span>0,<span class=\"_ _2\"></span>9<span class=\"_ _78\"> </span>(1<span class=\"_ _1\"></span>,1)<span class=\"_ _70\"> </span>(0<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(4<span class=\"_ _1\"></span>,5)<span class=\"_ _218\"> </span>(0<span class=\"_ _2\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _15d\"> </span>(4<span class=\"_ _2\"></span>,7<span class=\"_ _1\"></span>)Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> nett<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _16\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>o<span class=\"_ _219\"> </span>2<span class=\"_ _3\"></span>,8<span class=\"_ _217\"> </span>1<span class=\"_ _3\"></span>,2<span class=\"_ _206\"> </span>(0<span class=\"_ _3\"></span>,8)<span class=\"_ _218\"> </span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,5<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _15d\"> </span>51<span class=\"_ _3\"></span>,7Di cui d<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>tinenza <span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> t<span class=\"_ _2\"></span>erz<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span><span class=\"fc0\">-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _15d\"> </span></span>(19<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _6a\"> </span><span class=\"ff21\">(0,<span class=\"_ _1\"></span>0)<span class=\"_ _9\"> </span><span class=\"ff23\">(<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6)</span></span>2021E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria Co<span class=\"_ _1\"></span>nces<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ari<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>itoria <span class=\"_ _2\"></span>tele<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>a RCSI<span class=\"_ _16\"></span>nfra <span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le(V<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> in m<span class=\"_ _16\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> L<span class=\"_ _1\"></span>a7 e o<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>re d<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _2\"></span>teCa<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _2\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> nett<span class=\"_ _1\"></span>i<span class=\"_ _20c\"> </span><span class=\"fc1\">8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,2<span class=\"_ _191\"> </span>3<span class=\"_ _3\"></span>6<span class=\"_ _6\"></span>9,8<span class=\"_ _67\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,3<span class=\"_ _a0\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,2<span class=\"_ _1d\"> </span>(34<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>,8)<span class=\"_ _19\"> </span>1.0<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,7</span>V<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ze<span class=\"_ _17d\"> </span><span class=\"fc1\">-<span class=\"_ _7a\"> </span></span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _160\"> </span><span class=\"fc1\">0,<span class=\"_ _2\"></span>4<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _110\"> </span></span>0,<span class=\"_ _2\"></span>4</span>A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _20d\"> </span>4<span class=\"_ _2\"></span>,2<span class=\"_ _18c\"> </span>4,<span class=\"_ _2\"></span>1<span class=\"_ _1a6\"> </span>2,<span class=\"_ _1\"></span>8<span class=\"_ _162\"> </span>33<span class=\"_ _1\"></span>,0<span class=\"_ _6a\"> </span><span class=\"fc0\">(4<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _a0\"> </span><span class=\"fc1\">39<span class=\"_ _1\"></span>,1</span></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le<span class=\"_ _3\"></span> ri<span class=\"_ _3\"></span>cav<span class=\"_ _0\"></span>i<span class=\"_ _1f0\"> </span><span class=\"fc1\">88<span class=\"_ _3\"></span>,4<span class=\"_ _20e\"> </span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,9<span class=\"_ _67\"> </span>11<span class=\"_ _3\"></span>5<span class=\"_ _6\"></span>,2<span class=\"_ _54\"> </span>8<span class=\"_ _6\"></span>79<span class=\"_ _3\"></span>,5<span class=\"_ _1d\"> </span>(3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>)<span class=\"_ _19\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,3</span>C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11d\"> </span><span class=\"fc1\">(6<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _89\"> </span>(3<span class=\"_ _1\"></span>46<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _20f\"> </span>(6<span class=\"_ _1\"></span>1,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(4<span class=\"_ _1\"></span>82<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _10e\"> </span>34<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>0<span class=\"_ _210\"> </span>(6<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span>,5<span class=\"_ _2\"></span>)</span>C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>el <span class=\"_ _1\"></span>p<span class=\"_ _6\"></span>ers<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _211\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>7,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _14e\"> </span>(2<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4)<span class=\"_ _157\"> </span>(3<span class=\"_ _1\"></span>8,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _1\"></span>41<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)<span class=\"_ _6a\"> </span>(0<span class=\"_ _1\"></span>,1)<span class=\"_ _212\"> </span>(3<span class=\"_ _1\"></span>21<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)</span>Pr<span class=\"_ _2\"></span>ov<span class=\"_ _6\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _213\"> </span>-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _6a\"> </span><span class=\"fc1\">(3<span class=\"_ _2\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span><span class=\"fc0\">-<span class=\"_ _15d\"> </span></span>(3,<span class=\"_ _1\"></span>8)</span>M<span class=\"_ _16\"></span>argi<span class=\"_ _3\"></span>ne op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _2\"></span>iv<span class=\"_ _16\"></span>o lo<span class=\"_ _2\"></span>rd<span class=\"_ _16\"></span>o<span class=\"_ _16a\"> </span><span class=\"fc1\">9,2<span class=\"_ _217\"> </span>2<span class=\"_ _3\"></span>,9<span class=\"_ _70\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _a0\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,5<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1e\"> </span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,4</span>A<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>rt<span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _2\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>alut<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _78\"> </span>(2<span class=\"_ _1\"></span>,1)<span class=\"_ _15c\"> </span>(1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _167\"> </span>(5<span class=\"_ _1\"></span>6,0<span class=\"_ _1\"></span>)<span class=\"_ _55\"> </span>-<span class=\"_ _14b\"> </span>(7<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>2)</span>Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rativ<span class=\"_ _0\"></span>o<span class=\"_ _216\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,4<span class=\"_ _217\"> </span>0<span class=\"_ _3\"></span>,8<span class=\"_ _206\"> </span>(0<span class=\"_ _3\"></span>,7)<span class=\"_ _218\"> </span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1e\"> </span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,2</span>A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> prov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> (<span class=\"_ _2\"></span>on<span class=\"_ _6\"></span>eri<span class=\"_ _1\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>as<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> f<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _d7\"> </span>-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _160\"> </span><span class=\"fc1\">4,6<span class=\"_ _1fd\"> </span></span>-<span class=\"_ _110\"> </span><span class=\"fc1\">4,6</span>G<span class=\"_ _16\"></span>es<span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e fi<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _6\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _10f\"> </span><span class=\"fc1\">-<span class=\"_ _66\"> </span>(0<span class=\"_ _1\"></span>,4<span class=\"_ _2\"></span>)<span class=\"_ _70\"> </span>(0,<span class=\"_ _1\"></span>1)<span class=\"_ _d5\"> </span>(1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,6)<span class=\"_ _1fd\"> </span>-<span class=\"_ _14b\"> </span>(1<span class=\"_ _1\"></span>1,1<span class=\"_ _1\"></span>)</span>Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> p<span class=\"_ _16\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>le<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _16\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1ef\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,3<span class=\"_ _217\"> </span>0<span class=\"_ _3\"></span>,4<span class=\"_ _6e\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,7)<span class=\"_ _218\"> </span>8<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _56\"> </span>0,2<span class=\"_ _15d\"> </span>9<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,8</span>Im<span class=\"_ _16\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>te<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _6\"></span>l<span class=\"_ _1\"></span> redd<span class=\"_ _6\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _200\"> </span><span class=\"fc1\">(0,<span class=\"_ _1\"></span>9)<span class=\"_ _78\"> </span>(0<span class=\"_ _1\"></span>,5)<span class=\"_ _1a6\"> </span>2<span class=\"_ _1\"></span>,7<span class=\"_ _d5\"> </span>(1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _6a\"> </span>(0,<span class=\"_ _1\"></span>1)<span class=\"_ _1d\"> </span>(1<span class=\"_ _1\"></span>6,8<span class=\"_ _1\"></span>)</span>Ris<span class=\"_ _6\"></span>ulta<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> nett<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _16\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>o<span class=\"_ _219\"> </span><span class=\"fc1\">6<span class=\"_ _3\"></span>,4<span class=\"_ _1a6\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,1)<span class=\"_ _21b\"> </span>1<span class=\"_ _3\"></span>,9<span class=\"_ _218\"> </span>7<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,6<span class=\"_ _56\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _15d\"> </span>79<span class=\"_ _6\"></span>,9</span>Di cui d<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>tinenza <span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> t<span class=\"_ _2\"></span>erz<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span>-<span class=\"_ _214\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _110\"> </span><span class=\"fc1\">2<span class=\"_ _6\"></span>8,9<span class=\"_ _21c\"> </span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,9</span>Il<span class=\"ls0\"> manage<span class=\"_ _2\"></span>ment <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>onitora <span class=\"_ _1\"></span>i risul<span class=\"_ _2\"></span>tati op<span class=\"_ _1\"></span>erativi delle <span class=\"_ _1\"></span><span class=\"ff26\">business un<span class=\"_ _2\"></span>its <span class=\"ff21\">s<span class=\"_ _2\"></span>eparatamente <span class=\"_ _1\"></span>al fi<span class=\"_ _2\"></span>ne <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>definire <span class=\"_ _14\"></span><span class=\"ff24\">l\u2019allocaz<span class=\"_ _2\"></span>ione<span class=\"ff21\"> </span></span></span></span></span>delle <span class=\"_ _8\"></span>risorse <span class=\"_ _15\"> </span>e <span class=\"_ _8\"></span><span class=\"ls6\">la</span> <span class=\"_ _15\"> </span>valutazione <span class=\"_ _8\"></span>dei <span class=\"_ _15\"></span>risultati. <span class=\"_ _8\"></span>I <span class=\"_ _15\"> </span>prezzi <span class=\"_ _15\"> </span><span class=\"ls7\">di</span> <span class=\"_ _15\"> </span>trasferimento tra <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>settori operativi <span class=\"_ _3\"></span>sono definiti <span class=\"_ _3\"></span>sulla base delle condizio<span class=\"_ _2\"></span>ni di merca<span class=\"_ _2\"></span>to applicabili nel<span class=\"_ _2\"></span>le transazion<span class=\"_ _2\"></span>i con terzi. I <span class=\"_ _7\"></span>dati <span class=\"_ _7\"></span>patrimoniali <span class=\"_ _7\"></span>di <span class=\"_ _8\"></span>settore, <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>particolare <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>valore <span class=\"_ _7\"></span>del <span class=\"_ _8\"></span>totale <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>ciascun <span class=\"_ _8\"></span>settore<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>oggetto <span class=\"_ _8\"></span>di informativa, <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>costituiscono <span class=\"_ _14\"></span>invece <span class=\"_ _7\"></span>valori <span class=\"_ _14\"></span>forniti <span class=\"_ _14\"></span>periodicamente <span class=\"_ _14\"></span><span class=\"ls4\">al</span> <span class=\"_ _7\"></span>p<span class=\"_ _1\"></span>i\u00f9 alto <span class=\"_ _6\"></span>livello <span class=\"_ _6\"></span>decisionale <span class=\"_ _6\"></span>operativo.<span class=\"_ _2\"></span> Tale <span class=\"_ _1\"></span>dettaglio <span class=\"_ _16\"></span>non <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span>quindi <span class=\"_ _1\"></span>fornito <span class=\"_ _1\"></span>nelle <span class=\"_ _1\"></span>presenti <span class=\"_ _1\"></span><span class=\"ff24\">note <span class=\"_ _1\"></span>esplicative <span class=\"_ _1\"></span>in a<span class=\"_ _2\"></span>ccordo <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>\u2019emendamento <span class=\"_ _1\"></span>dell\u2019IFRS </span>8 - <span class=\"ff26\">Settori operat<span class=\"_ _2\"></span>ivi<span class=\"ff21\">. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-916-2": {
   "value": "15. Ut<span class=\"_ _1\"></span>ile <span class=\"_ _1\"></span>per az<span class=\"_ _1\"></span>ione L\u2019utile<span class=\"ff21\"> <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>azione <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>calcolato dividendo <span class=\"_ _3\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>risultato <span class=\"_ _3\"></span>economico <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls17\">la<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>media <span class=\"_ _6\"></span>ponderata <span class=\"_ _6\"></span>delle<span class=\"_ _1\"></span> </span>azioni <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> c<span class=\"_ _2\"></span>ircolazione, <span class=\"_ _1\"></span>escludendo <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>media <span class=\"_ _1\"></span>ponderata <span class=\"ls7\">di</span> <span class=\"_ _1\"></span>azioni propr<span class=\"_ _2\"></span>ie. <span class=\"_ _1\"></span>Nel <span class=\"_ _3\"></span>de<span class=\"_ _1\"></span>ttagl<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>: </span></span></span></span>De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne2022<span class=\"_ _18e\"> </span>2021Mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>roRi<span class=\"_ _16\"></span>sul<span class=\"_ _16\"></span>tato<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> perti<span class=\"_ _16\"></span>nen<span class=\"_ _1\"></span>za del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _50\"> </span>3<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>1<span class=\"_ _19f\"> </span>5<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0Ri<span class=\"_ _16\"></span>sul<span class=\"_ _16\"></span>tato<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ssa<span class=\"_ _3\"></span>te<span class=\"_ _21d\"> </span>-<span class=\"_ _43\"> </span>-Ris<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _6\"></span>ll\u2019e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _21e\"> </span><span class=\"ff23\">3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _91\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0</span>Num<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ro m<span class=\"_ _1\"></span>edi<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> po<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>era<span class=\"_ _3\"></span>to<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>n ci<span class=\"_ _16\"></span>rc<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _177\"> </span>1<span class=\"_ _1\"></span>34<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>4<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>59<span class=\"_ _1\"></span>8<span class=\"_ _69\"> </span>13<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>.41<span class=\"_ _1\"></span>6.5<span class=\"_ _1\"></span>98Num<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ro m<span class=\"_ _1\"></span>edi<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> po<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>era<span class=\"_ _3\"></span>to<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> pro<span class=\"_ _1\"></span>pri<span class=\"_ _16\"></span>e<span class=\"_ _21f\"> </span>(7<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>9)<span class=\"_ _1a0\"> </span>(77<span class=\"_ _1\"></span>9)Num<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>dio <span class=\"_ _3\"></span>pond<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> di a<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span> pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span> la<span class=\"_ _2\"></span> de<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>mi<span class=\"_ _2\"></span>na<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> de<span class=\"_ _6\"></span>ll\u2019uti<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span> az<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _97\"> </span><span class=\"ff23\">13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>9<span class=\"_ _15e\"> </span>13<span class=\"_ _3\"></span>4<span class=\"_ _6\"></span>.4<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>9</span>Eu<span class=\"_ _1\"></span>ro:Uti<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>er <span class=\"_ _3\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>ttri<span class=\"_ _16\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _16\"></span>t\u00e0 i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _19a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _1a0\"> </span>0,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>0Uti<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(p<span class=\"_ _2\"></span>erdi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>) per a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ttri<span class=\"_ _0\"></span>bu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ssa<span class=\"_ _3\"></span>te<span class=\"_ _220\"> </span>-<span class=\"_ _43\"> </span>-Ris<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span> az<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>da<span class=\"_ _1\"></span> attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>in co<span class=\"_ _3\"></span>ntin<span class=\"_ _1\"></span>uit\u00e0<span class=\"_ _1\"></span> e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ate<span class=\"_ _fd\"> </span>0,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _19c\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0L\u2019u<span class=\"_ _1\"></span>tile <span class=\"_ _1\"></span>dilu<span class=\"_ _1\"></span>ito <span class=\"_ _2\"></span>pe<span class=\"_ _1\"></span>r az<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>\u00e8 st<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span>calco<span class=\"_ _1\"></span>lato <span class=\"_ _16\"></span>in qu<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>esi<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span>no<span class=\"_ _1\"></span> azi<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i av<span class=\"_ _1\"></span>enti <span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>ten<span class=\"_ _2\"></span>zia<span class=\"_ _1\"></span>le effetto <span class=\"_ _2\"></span>diluitivo. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-923-2": {
   "value": "16. I<span class=\"_ _1\"></span>mmobili<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>inve<span class=\"_ _1\"></span>stimen<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> im<span class=\"_ _2\"></span>mobi<span class=\"_ _2\"></span>lia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>, <span class=\"_ _16\"></span>impian<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i e<span class=\"_ _1\"></span> macc<span class=\"_ _1\"></span>hinar<span class=\"_ _2\"></span>i La movimentaz<span class=\"_ _2\"></span>ione delle i<span class=\"_ _2\"></span>mmobilizzazion<span class=\"_ _2\"></span>i materiali pu\u00f2 es<span class=\"_ _2\"></span>sere dettagliata come s<span class=\"_ _2\"></span>egu<span class=\"_ _2\"></span>e:<span class=\"_ _1\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneTe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> B<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>ni Im<span class=\"_ _2\"></span>pi<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nti e<span class=\"_ _6\"></span> Altr<span class=\"_ _1\"></span>i be<span class=\"_ _6\"></span>niIm<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob.ni in<span class=\"_ _1\"></span> Inve<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>tim<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>ti TotaleIm<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>obilim<span class=\"_ _1\"></span>acc<span class=\"_ _3\"></span>hi<span class=\"_ _1\"></span>na<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oim<span class=\"_ _1\"></span>mobi<span class=\"_ _2\"></span>lia<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>iV<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lori<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _186\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,0<span class=\"_ _b1\"> </span>24<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _20f\"> </span>6,<span class=\"_ _3\"></span>4<span class=\"_ _14f\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _10a\"> </span>7,<span class=\"_ _3\"></span>0<span class=\"_ _221\"> </span>5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,0Acqu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _80\"> </span>6<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>7<span class=\"_ _19f\"> </span>0,<span class=\"_ _16\"></span>5<span class=\"_ _14f\"> </span>2,<span class=\"_ _1\"></span>0<span class=\"_ _79\"> </span>0,<span class=\"_ _1\"></span>5-6<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>,7Al<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>enaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>/Di<span class=\"_ _1\"></span>sm<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i--<span class=\"_ _78\"> </span>--<span class=\"_ _b1\"> </span>--Am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span><span class=\"fc0\"> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> sval<span class=\"_ _16\"></span>utaz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _eb\"> </span><span class=\"fc1\">(2,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _b1\"> </span>(6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7)<span class=\"_ _62\"> </span>(2<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>)</span></span>-(0<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _15d\"> </span>(10<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>)Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i-0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _14f\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _7d\"> </span>(0,<span class=\"_ _16\"></span>2)--V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lori<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _186\"> </span>7<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,7<span class=\"_ _b1\"> </span>18<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _20f\"> </span>6,<span class=\"_ _3\"></span>5<span class=\"_ _14f\"> </span>0<span class=\"_ _3\"></span>,5<span class=\"_ _10a\"> </span>6,<span class=\"_ _3\"></span>9<span class=\"_ _222\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,9La <span class=\"_ _1\"></span>voce, par<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>ad E<span class=\"_ _2\"></span>uro <span class=\"_ _2\"></span>110,9 <span class=\"_ _16\"></span>m<span class=\"_ _3\"></span>ilioni, <span class=\"_ _1\"></span>presenta <span class=\"_ _1\"></span>un inc<span class=\"_ _2\"></span>remento <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Euro 53,9 <span class=\"_ _16\"></span>milioni <span class=\"_ _2\"></span>rispetto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 d<span class=\"_ _2\"></span>icembre <span class=\"_ _1\"></span>2021. In particolare, <span class=\"_ _2\"></span>la voce inc<span class=\"_ _1\"></span>lud<span class=\"_ _2\"></span>e: terreni <span class=\"_\"> </span>e <span class=\"_\"> </span>be<span class=\"_ _2\"></span>ni <span class=\"_\"> </span>immob<span class=\"_ _2\"></span>ili <span class=\"_\"> </span>per <span class=\"_ _11\"> </span>Euro <span class=\"_\"> </span>78,7 <span class=\"_\"> </span>milioni. <span class=\"_ _11\"> </span>L\u2019incremento <span class=\"_\"> </span>ris<span class=\"_ _2\"></span>petto <span class=\"_\"> </span>a<span class=\"_ _2\"></span>ll\u2019anno <span class=\"_\"> </span>prec<span class=\"_ _2\"></span>edente <span class=\"_\"> </span>\u00e8 <span class=\"_ _11\"> </span>attribuibile prevalentemente <span class=\"_ _2\"></span>all\u2019acqui<span class=\"_ _2\"></span>sto<span class=\"ff21\"> da par</span>te <span class=\"_ _2\"></span>di RCS <span class=\"_ _2\"></span>Mediagroup S.p.A<span class=\"_ _2\"></span>. dell\u2019im<span class=\"_ _2\"></span>mobile e <span class=\"_ _2\"></span>del terreno <span class=\"_ _2\"></span>in Via <span class=\"_ _2\"></span>Solferino a M<span class=\"_ _2\"></span>ilano, <span class=\"_ _1\"></span>sede <span class=\"_ _2\"></span>storica <span class=\"_ _1\"></span>del C<span class=\"_ _2\"></span>orriere <span class=\"_ _2\"></span>della <span class=\"_ _1\"></span>Sera. L<span class=\"_ _1\"></span>a voce <span class=\"_ _1\"></span>include <span class=\"_ _1\"></span>inoltre al<span class=\"_ _2\"></span>tri <span class=\"_ _1\"></span>f<span class=\"_ _3\"></span>abbricati <span class=\"_ _1\"></span>industriali d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> p<span class=\"_ _1\"></span>ropriet\u00e0 (<span class=\"_ _2\"></span>in particolare <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>complesso <span class=\"_ _1\"></span>industriale <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Pessano <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>Bornago) <span class=\"_ _1\"></span>nonch\u00e9 a<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>migliorie <span class=\"_ _16\"></span>realizzate <span class=\"_ _1\"></span>sugli <span class=\"_ _2\"></span>uffici <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Via Rizzoli e Via S<span class=\"_ _2\"></span>olferino e su altri<span class=\"_ _2\"></span> fabbricati indu<span class=\"_ _2\"></span>striali non di p<span class=\"_ _2\"></span>ropriet\u00e0. <span class=\"ff21 fs2 fc0\">impianti <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>macchinari <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>Euro <span class=\"_ _6\"></span>18,3 milioni <span class=\"_ _3\"></span>costituiti <span class=\"_ _3\"></span>principalmente da <span class=\"_ _3\"></span>impianti <span class=\"_ _3\"></span>produttivi <span class=\"_ _6\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>la <span class=\"_ _14\"></span>stampa <span class=\"_ _14\"></span>di </span>quotidiani e perio<span class=\"_ _2\"></span>dici; <span class=\"ff21 fs2 fc0\">altri <span class=\"_ _6\"></span>beni <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>6,5 <span class=\"_ _6\"></span>milioni <span class=\"_ _14\"></span>costituiti <span class=\"_ _6\"></span>principal<span class=\"_ _2\"></span>mente <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>server <span class=\"_ _14\"></span>per <span class=\"_ _6\"></span><span class=\"ff24\">l\u2019archiviaz<span class=\"_ _2\"></span>ione<span class=\"ff21\"> <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>dati <span class=\"_ _8\"></span>a <span class=\"_ _7\"></span>sup<span class=\"_ _1\"></span>port<span class=\"_ _2\"></span>o <span class=\"_ _14\"></span>dei </span></span></span>sis<span class=\"_ _2\"></span>te<span class=\"_ _2\"></span>mi <span class=\"_ _1\"></span>edito<span class=\"_ _1\"></span>rial<span class=\"_ _2\"></span>i e<span class=\"_ _1\"></span> ges<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>ona<span class=\"_ _1\"></span>li, p<span class=\"_ _1\"></span>erson<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> co<span class=\"_ _1\"></span>mput<span class=\"_ _2\"></span>er<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>app<span class=\"_ _1\"></span>are<span class=\"_ _2\"></span>cch<span class=\"_ _1\"></span>iatur<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>ett<span class=\"_ _1\"></span>ronic<span class=\"_ _2\"></span>he <span class=\"_ _1\"></span>varie e mobili e arred<span class=\"_ _2\"></span>i; ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-937-2": {
   "value": "<span class=\"ff21 fs2 fc0\">investimenti <span class=\"_ _7\"></span>immobiliari <span class=\"_ _14\"></span>per <span class=\"_ _8\"></span>Euro <span class=\"_ _14\"></span>6,9 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>relativi <span class=\"_ _7\"></span>principalmente <span class=\"_ _7\"></span><span class=\"ls3\">ad</span> <span class=\"_ _8\"></span>edifici <span class=\"_ _14\"></span>industriali al momento non </span>utilizzati presen<span class=\"_ _2\"></span>ti nelle citt\u00e0 di M<span class=\"_ _2\"></span>adrid e Torino. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-939-2": {
   "value": "17. D<span class=\"_ _1\"></span>iritt<span class=\"_ _1\"></span>i d\u2019us<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>su <span class=\"_ _2\"></span>be<span class=\"_ _2\"></span>ni in<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>ea<span class=\"_ _2\"></span>sin<span class=\"_ _2\"></span>g La<span class=\"ls0\"> <span class=\"_ _14\"></span>voce <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>diritti <span class=\"_ _14\"></span><span class=\"ff24\">d\u2019uso</span> <span class=\"_ _6\"></span>sui <span class=\"_ _6\"></span>beni <span class=\"_ _14\"></span><span class=\"ls6\">in<span class=\"_ _2\"></span><span class=\"ls0\"> <span class=\"_ _14\"></span>affitto<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>iscritti <span class=\"_ _14\"></span><span class=\"ls17\">in</span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>seguito <span class=\"_ _6\"></span><span class=\"ff24\">dell\u2019applicaz<span class=\"_ _2\"></span>io<span class=\"ff21\">ne <span class=\"_ _7\"></span>del <span class=\"_ _8\"></span>principio<span class=\"_ _2\"></span> </span></span></span></span></span>contabile IFRS 16 a p<span class=\"_ _2\"></span>artire dal 1\u00b0 genn<span class=\"_ _2\"></span>aio 2019. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneDir<span class=\"_ _1\"></span>itti d\u2019u<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>oDir<span class=\"_ _1\"></span>itti d\u2019u<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span> Dir<span class=\"_ _1\"></span>itti d\u2019u<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span> Dir<span class=\"_ _1\"></span>itti d\u2019u<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>u Totales<span class=\"_ _6\"></span>u b<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ni im<span class=\"_ _1\"></span>mobi<span class=\"_ _2\"></span>lis<span class=\"_ _6\"></span>u im<span class=\"_ _1\"></span>pia<span class=\"_ _1\"></span>ntis<span class=\"_ _6\"></span>u a<span class=\"_ _1\"></span>ltr<span class=\"_ _2\"></span>i b<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nia<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>ttur<span class=\"_ _1\"></span>eV<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lori<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _223\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,6<span class=\"_ _62\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,1<span class=\"_ _14f\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _21b\"> </span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _222\"> </span>16<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5In<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _224\"> </span>1<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>,8<span class=\"_ _e2\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _14d\"> </span><span class=\"fc1\">-<span class=\"_ _66\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _161\"> </span>20<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0</span>Dec<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _225\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _78\"> </span>-<span class=\"_ _1fe\"> </span>-<span class=\"_ _6e\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>)<span class=\"_ _15d\"> </span>(15<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5)</span>Am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>rtam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _226\"> </span>(2<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _62\"> </span>(1,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _1ff\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _6e\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>9)<span class=\"_ _15d\"> </span>(2<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>)Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _16d\"> </span>0,<span class=\"_ _1\"></span>1<span class=\"_ _78\"> </span>-<span class=\"_ _1fe\"> </span>-<span class=\"_ _19c\"> </span>-<span class=\"_ _1c4\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lori<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _223\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,7<span class=\"_ _62\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0<span class=\"_ _14f\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _21b\"> </span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _222\"> </span>14<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4Al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span><span class=\"ff24\">i <span class=\"_ _7\"> </span>di<span class=\"_ _3\"></span>ritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _7\"> </span>sono <span class=\"_ _7\"> </span>pari <span class=\"_ _8\"> </span>a <span class=\"_ _7\"> </span>1</span>46<span class=\"_ _3\"></span>,4 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>in <span class=\"_ _8\"></span><span class=\"ls7\">de</span>cremento <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Euro <span class=\"_ _8\"></span>22,1 <span class=\"_ _7\"></span>milio<span class=\"_ _2\"></span>ni <span class=\"_ _6\"></span>ris<span class=\"_ _2\"></span>pe<span class=\"_ _2\"></span>tto<span class=\"_ _1\"></span> all\u2019<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>no <span class=\"_ _6\"></span>pre<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span>den<span class=\"_ _1\"></span>te. <span class=\"_ _6\"></span><span class=\"ls48\">La</span> <span class=\"_ _14\"></span>varia<span class=\"_ _1\"></span>zione<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _6\"></span>dov<span class=\"_ _2\"></span>uta<span class=\"_ _2\"></span> <span class=\"_ _14\"></span><span class=\"ls3\">ad</span> <span class=\"_ _6\"></span>incre<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nti<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>ne<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro<span class=\"_ _2\"></span> <span class=\"_ _6\"></span><span class=\"ls7\">20 <span class=\"_ _8\"></span></span>milioni <span class=\"_ _7\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>rinnovo <span class=\"_ _7\"></span>di <span class=\"_ _8\"></span>alcuni contratti <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>locazione <span class=\"_ _11\"> </span>e <span class=\"_\"> </span>p<span class=\"_ _2\"></span>er <span class=\"_ _11\"> </span>l\u2019adeguamento <span class=\"_ _12\"> </span>dei<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>canoni <span class=\"_ _11\"> </span>di <span class=\"_ _11\"> </span>loca<span class=\"_ _3\"></span>zione <span class=\"_ _11\"> </span>al <span class=\"_\"> </span>tasso <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>in<span class=\"_ _2\"></span>flazione <span class=\"_ _11\"> </span>corrente <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>da decrementi <span class=\"_ _16\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>42,1 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>gli <span class=\"_ _2\"></span>ammortamen<span class=\"_ _2\"></span>ti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>per effe<span class=\"_ _2\"></span>tto <span class=\"_ _1\"></span>dell<span class=\"ff24\">\u2019acquisto <span class=\"_ _16\"></span>da <span class=\"_ _1\"></span>par<span class=\"_ _3\"></span>te <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>RCS <span class=\"_ _1\"></span>Mediagroup </span>S.p.A. dell\u2019immo<span class=\"_ _2\"></span>bile di via Solf<span class=\"_ _2\"></span>erino.<span class=\"ff21\"> <span class=\"_ _1\"></span> </span>Per <span class=\"_ _1\"></span>quanto <span class=\"_ _1\"></span>riguarda <span class=\"_ _1\"></span>l\u2019analisi <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>scadenze <span class=\"_ _1\"></span>delle <span class=\"ff21\">pas<span class=\"_ _2\"></span>sivit\u00e0 <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>contratti <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>leasing <span class=\"_ _16\"></span>si <span class=\"_ _2\"></span>rinvia <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>successiva <span class=\"_ _1\"></span>Nota </span>41. L\u2019indebitamento <span class=\"_ _6\"></span>finanz<span class=\"ff21\">iario <span class=\"_ _6\"></span>netto <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>31 <span class=\"_ _14\"></span>dicembre <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>risulta <span class=\"_ _14\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _6\"></span>15,2 <span class=\"_ _14\"></span>milioni con <span class=\"_ _14\"></span>una </span>variazione di <span class=\"_ _3\"></span>Euro 52,2 milioni <span class=\"_ _3\"></span>rispetto <span class=\"_ _2\"></span>a fine <span class=\"_ _1\"></span>2021 (al <span class=\"_ _2\"></span>31 dice<span class=\"_ _2\"></span>mbre 2021 i<span class=\"_ _3\"></span>l Gruppo <span class=\"_ _3\"></span>presentava una posizione finanziaria netta po<span class=\"_ _2\"></span>sitiva per Euro 37 <span class=\"_ _2\"></span>milioni).  Al<span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019indebitam<span class=\"_ _2\"></span>ento finanziario netto <span class=\"ff21\">di <span class=\"ls31\">RCS</span> \u00e8 <span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>31,6 milioni (al <span class=\"_ _1\"></span>31 dicembre <span class=\"_ _2\"></span>2021 </span></span></span>RCS<span class=\"ls0\"> <span class=\"_ _1\"></span>pr<span class=\"_ _3\"></span>esentava <span class=\"_ _2\"></span>una posiz<span class=\"_ _2\"></span>ione finanziar<span class=\"_ _2\"></span>ia netta positiv<span class=\"_ _2\"></span>a per Euro <span class=\"ls7\">16</span>,7 milioni).  </span>La <span class=\"_ _a1\"> </span>posizione <span class=\"_ _a1\"> </span>finanziaria<span class=\"_ _2\"></span> <span class=\"_ _a1\"> </span>netta <span class=\"_ _a1\"> </span>complessiva <span class=\"_ _a1\"> </span>\u00e8 <span class=\"_ _a1\"> </span>stata <span class=\"_ _a1\"> </span>impattata <span class=\"_ _a1\"> </span>negativamente <span class=\"_ _a1\"> </span>dagli <span class=\"_ _a1\"> </span>investimenti <span class=\"_ _a1\"> </span>in immobilizzaz<span class=\"_ _2\"></span>ioni, <span class=\"_ _14\"></span>tra <span class=\"_ _14\"></span>cui <span class=\"_ _6\"></span>l\u2019acquisto <span class=\"_ _14\"></span>dell\u2019immob<span class=\"_ _2\"></span>ile <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>vi<span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>Solferino <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>59,9 <span class=\"_ _14\"></span>milion<span class=\"_ _2\"></span>i, <span class=\"_ _7\"> </span><span class=\"ff21\">dagli <span class=\"_ _14\"></span>effetti <span class=\"_ _14\"></span>netti </span>delle de dagl<span class=\"_ _2\"></span>i oneri non ricorr<span class=\"_ _2\"></span>enti. L\u2019indebitamento<span class=\"ff21\"> <span class=\"_ _0\"></span>finanziar<span class=\"_ _2\"></span>io <span class=\"_ _0\"></span>netto <span class=\"_ _16\"></span>complessivo, <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>comprende <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _16\"></span>passiv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _16\"></span>finanziarie <span class=\"_ _1\"></span>relative <span class=\"_ _1\"></span>a co<span class=\"_ _2\"></span>ntratti </span></span></span>di <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>iscritti in <span class=\"_ _6\"></span>bilancio ex <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16 <span class=\"_ _6\"></span>(princ<span class=\"_ _2\"></span>ipalmente l<span class=\"_ _3\"></span>ocazioni di <span class=\"_ _3\"></span>immobili) <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>62,4 <span class=\"_ _3\"></span>milioni, ammonta a Euro 177,6 milioni con una variaz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>one negativa di Euro 29,8 milioni rispetto al 31 dice<span class=\"_ _2\"></span>mbre 2021 (Euro 147,8 milioni<span class=\"_ _2\"></span>) Di <span class=\"_ _15\"> </span>seguito <span class=\"_ _15\"> </span>si <span class=\"_ _12\"> </span>espone <span class=\"_ _15\"> </span>il <span class=\"_ _12\"> </span>dettagl<span class=\"_ _2\"></span>io <span class=\"_ _15\"> </span>della <span class=\"_ _12\"> </span>Posizione <span class=\"_ _15\"> </span>Finanziar<span class=\"_ _2\"></span>ia <span class=\"_ _15\"> </span>Netta <span class=\"_ _15\"> </span>Complessiva <span class=\"_ _15\"> </span>cos\u00ec <span class=\"_ _15\"> </span>come <span class=\"_ _12\"> </span>definita <span class=\"_ _15\"> </span>dagli \u201cOrientamenti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>materia <span class=\"_ _6\"></span>di obblighi <span class=\"_ _6\"></span>informativi ai <span class=\"_ _6\"></span>sensi <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>regolamento sul <span class=\"_ _14\"></span>pro<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>pet<span class=\"_ _2\"></span>to\u201d<span class=\"_ _2\"></span><span class=\"ff21\"> pub<span class=\"_ _1\"></span>blica<span class=\"_ _1\"></span>ti <span class=\"ls7\">da</span> ES<span class=\"_ _2\"></span>MA<span class=\"_ _1\"></span> </span>in<span class=\"ls0\"> <span class=\"_ _16\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>4 <span class=\"_ _16\"></span>marz<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span><span class=\"ls7\">2021<span class=\"ls0\"> <span class=\"_ _16\"></span>con <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>do<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span><span class=\"ff24\">\u201cES<span class=\"_ _1\"></span>MA32<span class=\"_ _2\"></span><span class=\"ff21\">-<span class=\"ls7\">382</span>-<span class=\"_ _1\"></span><span class=\"ff24\">1138\u201d<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff21\">e <span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>preso <span class=\"_ _16\"></span>da <span class=\"_ _1\"></span>CONSOB <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>5/21 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span><span class=\"ls7\">29<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>aprile <span class=\"_ _1\"></span>2021. </span></span></span></span></span></span></span></span></span></span></span>Tale vo<span class=\"_ _2\"></span>ce <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> passivi<span class=\"_ _2\"></span>t\u00e0 finan<span class=\"_ _2\"></span>ziarie relative a cont<span class=\"_ _2\"></span>ratti di locazion<span class=\"_ _2\"></span>e a breve e/o a lungo <span class=\"_ _2\"></span>termine e i debiti<span class=\"_ _2\"></span> </span></span>non <span class=\"_ _11\"> </span>r<span class=\"_ _3\"></span>emunerati, <span class=\"_ _11\"> </span>che <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>esentano <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>significativa <span class=\"_ _12\"> </span>componente <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>fi<span class=\"_ _3\"></span>nanziamen<span class=\"_ _2\"></span>to <span class=\"_ _12\"> </span>implicito <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>esplicito <span class=\"_ _12\"> </span>(ad esempio i debiti <span class=\"_ _2\"></span>verso forni<span class=\"_ _2\"></span>tori con una scadenza <span class=\"_ _2\"></span>superiore a 12 <span class=\"_ _2\"></span>mesi), ed eventual<span class=\"_ _2\"></span>i altri prestiti in<span class=\"_ _2\"></span>fr<span class=\"_ _2\"></span>utt<span class=\"_ _1\"></span>ifer<span class=\"_ _2\"></span>i.<span class=\"_ _2\"></span> Ind<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bita<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tto3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _1a6\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _18c\"> </span>V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ni(m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)A  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>de<span class=\"_ _242\"> </span>5<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>,3<span class=\"_ _23a\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _23\"> </span>(5<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>)B   <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Mez<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>equ<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>val<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span>spo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>de<span class=\"_ _10f\"> </span><span class=\"fc0\">-<span class=\"_ _122\"> </span></span>-<span class=\"_ _3e\"> </span><span class=\"fc0\">-</span>C   <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Al<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _243\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _d4\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _d4\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6D  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Liqu<span class=\"_ _1\"></span>idi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(A+<span class=\"_ _3\"></span>B<span class=\"_ _6\"></span>+<span class=\"_ _3\"></span>C)<span class=\"_ _14c\"> </span>5<span class=\"_ _3\"></span>6<span class=\"_ _6\"></span>,2<span class=\"_ _2a\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _23f\"> </span>(5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1<span class=\"_ _6\"></span>)E   <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrente<span class=\"_ _236\"> </span>(35<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _23\"> </span>(42<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _58\"> </span>6,<span class=\"_ _16\"></span>5d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>Pas<span class=\"_ _3\"></span>sivit\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rre<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tti d<span class=\"_ _3\"></span>i loc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _b8\"> </span>(28<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _1ee\"> </span>(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>)<span class=\"_ _b3\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1F    <span class=\"_ _3\"></span> P<span class=\"_ _6\"></span>arte <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> debi<span class=\"_ _0\"></span>to fi<span class=\"_ _16\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _1\"></span>te<span class=\"_ _22e\"> </span>(2<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7)<span class=\"_ _23\"> </span>(2<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3)<span class=\"_ _43\"> </span>(0,<span class=\"_ _16\"></span>4)G<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> I<span class=\"_ _3\"></span>nd<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>iar<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nte<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>(E+<span class=\"_ _3\"></span>F)<span class=\"_ _233\"> </span>(60<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _1ee\"> </span>(6<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _b3\"> </span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1H <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> I<span class=\"_ _3\"></span>nd<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>(di<span class=\"_ _2\"></span>s<span class=\"_ _6\"></span>ponib<span class=\"_ _1\"></span>ilit\u00e0<span class=\"_ _1\"></span>) <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nte<span class=\"_ _6\"></span> (4<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)<span class=\"_ _238\"> </span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _23f\"> </span>(5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span> - D<span class=\"_ _3\"></span>)I  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>o no<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>te<span class=\"_ _244\"> </span>(1<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>2)<span class=\"_ _ae\"> </span>(1<span class=\"_ _1\"></span>94<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _8e\"> </span>21<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>Pas<span class=\"_ _3\"></span>sivit\u00e0 <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tti di lo<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _166\"> </span>(1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _aa\"> </span>(15<span class=\"_ _6\"></span>4,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>)<span class=\"_ _238\"> </span>2<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3J  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> Stru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deb<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _1b0\"> </span><span class=\"fc0\">-<span class=\"_ _122\"> </span></span>-<span class=\"_ _3e\"> </span><span class=\"fc0\">-</span>K  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> D<span class=\"_ _3\"></span>ebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>ebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _19a\"> </span>-<span class=\"_ _122\"> </span><span class=\"fc0\">-</span>L   <span class=\"_ _3\"></span> <span class=\"_ _3\"></span> Inde<span class=\"_ _6\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> no<span class=\"_ _3\"></span>n co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nte<span class=\"_ _6\"></span> (I+<span class=\"_ _3\"></span>J<span class=\"_ _3\"></span>+<span class=\"_ _3\"></span>K<span class=\"_ _3\"></span>)<span class=\"_ _5a\"> </span>(1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _a7\"> </span>(1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>)<span class=\"_ _238\"> </span>2<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2M<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>To<span class=\"_ _3\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _2\"></span>de<span class=\"_ _6\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto (dis<span class=\"_ _6\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>lit\u00e0<span class=\"_ _1\"></span>) f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span> (1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _aa\"> </span>(14<span class=\"_ _3\"></span>7<span class=\"_ _6\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _1ee\"> </span>(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)co<span class=\"_ _3\"></span>mp<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(H+<span class=\"_ _3\"></span>L)Le passivit\u00e0 finan<span class=\"_ _2\"></span>ziarie del G<span class=\"_ _2\"></span>ruppo sono commentate n<span class=\"_ _1\"></span>el<span class=\"_ _3\"></span>la successiva Nota <span class=\"ls1\">29.<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span>30.<span class=\"_ _1\"></span> Pas<span class=\"_ _2\"></span>siv<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nti<span class=\"_ _1\"></span> e non <span class=\"_ _1\"></span>corr<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i p<span class=\"_ _2\"></span>er <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>atti d<span class=\"_ _2\"></span>i l<span class=\"_ _2\"></span>oc<span class=\"_ _2\"></span>azi<span class=\"_ _2\"></span>one In <span class=\"_ _16\"></span>queste <span class=\"_ _16\"></span>voci <span class=\"_ _1\"></span>sono <span class=\"_ _16\"></span>classificate, <span class=\"_ _16\"></span>come <span class=\"_ _16\"></span>previsto <span class=\"_ _16\"></span>dal <span class=\"_ _16\"></span>principio <span class=\"_ _1\"></span>contabile <span class=\"_ _16\"></span>IFRS <span class=\"_ _0\"></span>16, <span class=\"_ _1\"></span>le <span class=\"_ _16\"></span>pas<span class=\"_ _3\"></span>sivit\u00e0 <span class=\"_ _16\"></span>finanziarie <span class=\"_ _16\"></span>derivanti dai canoni di lo<span class=\"_ _2\"></span>cazione ancora d<span class=\"_ _2\"></span>a pagare. Rispetto <span class=\"_ _11\"> </span>all\u2019anno <span class=\"_ _11\"> </span>precedente <span class=\"_ _12\"> </span>la <span class=\"_\"> </span>pass<span class=\"_ _2\"></span>ivit\u00e0 <span class=\"_ _11\"> </span>finanziaria <span class=\"_ _12\"> </span>\u00e8 <span class=\"_\"> </span>increment<span class=\"_ _2\"></span>ata <span class=\"_ _11\"> </span>per <span class=\"_ _11\"> </span>tenere <span class=\"_ _11\"> </span>conto <span class=\"_\"> </span>deg<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i <span class=\"_ _11\"> </span>interessi<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>che maturano, diminu<span class=\"_ _2\"></span>ita <span class=\"ls6\">in</span> co<span class=\"_ _2\"></span>rrelazione con i paga<span class=\"_ _2\"></span>menti dei canoni <span class=\"_ _2\"></span>di locazione <span class=\"ff24\">e l\u2019acquisto dell\u2019im<span class=\"_ _2\"></span>mobile di via </span>Solferino e rettif<span class=\"_ _2\"></span>icata per tener c<span class=\"_ _2\"></span>onto di eventua<span class=\"_ _2\"></span>li rideterminazio<span class=\"_ _2\"></span>ni della pass<span class=\"_ _2\"></span>ivit\u00e0 del leasing. In particolare, a<span class=\"_ _2\"></span>l 31 dicembre <span class=\"ls7\">202</span>2:<span class=\"_ _1\"></span> <span class=\"ff21 fs2 fc0\">le <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _16\"></span>finanziarie <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>correnti <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>contratti <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>locazione <span class=\"_ _16\"></span>hanno <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>residuo <span class=\"_ _1\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>133,6 <span class=\"_ _1\"></span>milioni </span>(Euro 154,9 milioni <span class=\"_ _2\"></span>al 31 dice<span class=\"_ _2\"></span>mbre 2021) <span class=\"ff21 fs2 fc0\">le <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _14\"></span>finanziari<span class=\"_ _2\"></span>e <span class=\"_ _14\"></span>correnti <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>contratti <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>locazione <span class=\"_ _14\"></span>hanno <span class=\"_ _14\"></span>un <span class=\"_ _7\"></span>valore <span class=\"_ _14\"></span>residuo <span class=\"_ _14\"></span>pari <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>2<span class=\"_ _6\"></span>8,8 <span class=\"_ _14\"></span>milioni </span>(Euro 29,9 milioni <span class=\"_ _2\"></span>al 31 dic<span class=\"_ _2\"></span>embre 2021) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-950-2": {
   "value": "18. At<span class=\"_ _1\"></span>tivit<span class=\"_ _1\"></span>\u00e0 imma<span class=\"_ _2\"></span>ter<span class=\"_ _1\"></span>iali La movimentaz<span class=\"_ _2\"></span>ione delle i<span class=\"_ _2\"></span>mmobilizzazion<span class=\"_ _2\"></span>i immateriali pu\u00f2 es<span class=\"_ _2\"></span>sere dettagl<span class=\"_ _2\"></span>iata come segu<span class=\"_ _1\"></span>e: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneDir<span class=\"_ _1\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>io<span class=\"_ _3\"></span>niAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>ntoAltr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span> Imm<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>b.n<span class=\"_ _2\"></span>i inTotalete<span class=\"_ _6\"></span>le<span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>is<span class=\"_ _6\"></span>ivilice<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>,<span class=\"_ _3\"></span> ma<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>chiim<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>ria<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _6\"></span> te<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ta<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span> e<span class=\"_ _6\"></span>ditor<span class=\"_ _1\"></span>ial<span class=\"_ _2\"></span>iV<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>1<span class=\"_ _77\"> </span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,6<span class=\"_ _165\"> </span>77<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _74\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _227\"> </span>0,<span class=\"_ _3\"></span>2<span class=\"_ _227\"> </span>8<span class=\"_ _3\"></span>,5<span class=\"_ _228\"> </span>98<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1Acqu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> nette<span class=\"_ _229\"> </span>1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _20f\"> </span>2<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _157\"> </span>0,<span class=\"_ _1\"></span>1<span class=\"_ _20f\"> </span>0<span class=\"_ _1\"></span>,4<span class=\"_ _15c\"> </span>3,<span class=\"_ _1\"></span>6<span class=\"_ _7b\"> </span>3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6Am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>rtam<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sval<span class=\"_ _16\"></span>utaz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _30\"> </span>(1<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>4)<span class=\"_ _114\"> </span>(2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7)<span class=\"_ _21b\"> </span>-<span class=\"_ _114\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _21b\"> </span>-<span class=\"_ _15f\"> </span>(3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4)Al<span class=\"_ _16\"></span>tri<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>enti<span class=\"_ _223\"> </span>1,<span class=\"_ _16\"></span>9<span class=\"_ _191\"> </span>6<span class=\"_ _1\"></span>,4<span class=\"_ _d8\"> </span>-<span class=\"_ _21b\"> </span>-<span class=\"_ _114\"> </span>(8,<span class=\"_ _16\"></span>4)<span class=\"_ _114\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>)V<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>2<span class=\"_ _77\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _165\"> </span>77<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _74\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _227\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _227\"> </span>3<span class=\"_ _3\"></span>,7<span class=\"_ _228\"> </span>99<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2L<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>co<span class=\"_ _1\"></span>mp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>si<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne del<span class=\"_ _1\"></span>le<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>imm<span class=\"_ _1\"></span>ob<span class=\"_ _2\"></span>il<span class=\"_ _1\"></span>izz<span class=\"_ _1\"></span>az<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>imm<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>sul<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ba<span class=\"_ _1\"></span>se<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>de<span class=\"_ _2\"></span>ll<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>s<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span>sse<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pu<span class=\"_ _1\"></span>\u00f2 <span class=\"_ _3\"></span>es<span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>det<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>gl<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span> co<span class=\"_ _1\"></span>me<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e: De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>eDir<span class=\"_ _1\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ioniAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>ntoAltr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> im<span class=\"_ _1\"></span>m. Im<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>b<span class=\"_ _2\"></span>.ni<span class=\"_ _2\"></span> inTotalete<span class=\"_ _6\"></span>le<span class=\"_ _14\"></span>vis<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>ilice<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chiim<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span>alico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>te<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ta<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span> e<span class=\"_ _6\"></span>ditor<span class=\"_ _1\"></span>ial<span class=\"_ _2\"></span>iVi<span class=\"_ _16\"></span>ta <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta<span class=\"_ _22a\"> </span>-<span class=\"_ _32\"> </span>65<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,6<span class=\"_ _163\"> </span>1<span class=\"_ _1\"></span>95<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _e3\"> </span>-<span class=\"_ _217\"> </span>-<span class=\"_ _7b\"> </span>85<span class=\"_ _1\"></span>2,<span class=\"_ _16\"></span>1Vi<span class=\"_ _16\"></span>ta <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> defi<span class=\"_ _16\"></span>ni<span class=\"_ _0\"></span>ta<span class=\"_ _11d\"> </span>15<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _20f\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>9<span class=\"_ _e3\"> </span>-<span class=\"_ _14e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _20e\"> </span>3,<span class=\"_ _1\"></span>7<span class=\"_ _163\"> </span>13<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lor<span class=\"_ _2\"></span>i ne<span class=\"_ _6\"></span>tti a<span class=\"_ _1\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _68\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _71\"> </span>7<span class=\"_ _6\"></span>75<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _65\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _22b\"> </span>0<span class=\"_ _3\"></span>,3<span class=\"_ _22b\"> </span>3<span class=\"_ _3\"></span>,7<span class=\"_ _65\"> </span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2Diri<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i tel<span class=\"_ _2\"></span>ev<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>ivi<span class=\"_ _1\"></span> La <span class=\"_ _15\"> </span>voce<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>\u201cdi<span class=\"_ _2\"></span>ritt<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"_ _8\"></span></span>telev<span class=\"_ _1\"></span>isivi<span class=\"_ _2\"></span>\u201d <span class=\"_ _8\"></span>inclu<span class=\"_ _1\"></span>de <span class=\"_ _15\"> </span>gli <span class=\"_ _8\"></span>inve<span class=\"_ _2\"></span>sti<span class=\"_ _1\"></span>ment<span class=\"_ _2\"></span>i <span class=\"_ _15\"></span>eff<span class=\"_ _2\"></span>ettu<span class=\"_ _1\"></span>ati <span class=\"_ _8\"></span><span class=\"ls7\">da</span> <span class=\"_ _12\"> </span>La7<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>S.<span class=\"_ _2\"></span>p.A<span class=\"_ _1\"></span>. <span class=\"_ _15\"> </span><span class=\"ls17\">in</span> <span class=\"_ _12\"> </span>dirit<span class=\"_ _1\"></span>ti <span class=\"_ _15\"> </span>plur<span class=\"_ _1\"></span>ienn<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i <span class=\"_ _12\"> </span>(di <span class=\"_ _11\"> </span>durata superiore a <span class=\"_ _2\"></span>12 <span class=\"_ _2\"></span>mesi) di <span class=\"_ _1\"></span>utilizzazione telev<span class=\"_ _2\"></span>isiva d<span class=\"_ _2\"></span>i film, <span class=\"_ _1\"></span>serie e telefilm <span class=\"_ _2\"></span>nonch\u00e9 g<span class=\"_ _1\"></span>li <span class=\"_ _3\"></span>investimenti <span class=\"_ _16\"></span>da <span class=\"_ _16\"></span>parte <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ls31\">RCS<span class=\"ls0\"> </span></span></span></span>in <span class=\"_ _16\"></span>diritti <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span>opere <span class=\"_ _16\"></span>audiovisive <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>produzioni <span class=\"_ _16\"></span>esecutive <span class=\"_ _16\"></span>trasmesse sui canali s<span class=\"_ _2\"></span>atellitari Caccia e Pesc<span class=\"_ _2\"></span>a. Conc<span class=\"_ _1\"></span>essi<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span>, <span class=\"_ _1\"></span>licen<span class=\"_ _1\"></span>ze,<span class=\"_ _2\"></span> mar<span class=\"_ _1\"></span>chi e <span class=\"_ _2\"></span>te<span class=\"_ _1\"></span>state<span class=\"_ _1\"></span> edit<span class=\"_ _1\"></span>oriali<span class=\"_ _1\"></span> La<span class=\"ls0\"> voce concessio<span class=\"_ _2\"></span>ni, licenze, march<span class=\"_ _2\"></span>i e testate al 3<span class=\"_ _2\"></span>1 dicembre 2022 inclu<span class=\"_ _2\"></span>de pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>alm<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>te: </span><span class=\"ff21 fs2 fc0 ls65\">il<span class=\"ls0\"> <span class=\"_ _6\"></span><span class=\"ff26\">f<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ff21\">at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ib<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>rc<span class=\"_ _2\"></span>h<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>a vit<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ind<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls1\">348,8</span> <span class=\"_ _3\"></span>mil<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i <span class=\"_ _14\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a tes<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>te<span class=\"_ _16\"></span> </span></span></span></span>qu<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>an<span class=\"_ _2\"></span>e sp<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>nol<span class=\"_ _1\"></span>e a vi<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ind<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>per<span class=\"_ _2\"></span> Euro <span class=\"ls7\">295,2</span> milio<span class=\"_ _1\"></span>ni. <span class=\"ls66\">RCS</span> <span class=\"_ _3\"></span>edi<span class=\"_ _2\"></span>ta <span class=\"ls17\">in</span> <span class=\"_ _3\"></span>Ita<span class=\"_ _1\"></span>lia i quoti<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>ian<span class=\"_ _2\"></span>i <span class=\"ff26\">Corr<span class=\"_ _1\"></span>iere del<span class=\"_ _1\"></span>la </span>Ser<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span><span class=\"ff21\">e <span class=\"_ _16\"></span><span class=\"ff26 ls60\">La<span class=\"ls0\"> <span class=\"_ _16\"></span>Gaz<span class=\"_ _2\"></span>zett<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>dell<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>Sp<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>t <span class=\"_ _16\"></span><span class=\"ff21\">e <span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _16\"></span>S<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>qu<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ff26\">E<span class=\"_ _2\"></span>l <span class=\"_ _16\"></span>M<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o<span class=\"ff21 ls67\">, <span class=\"_ _1\"></span><span class=\"ff26 ls0\">M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>a <span class=\"_ _16\"></span><span class=\"ff21\">e<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span><span class=\"ff26\">Ex<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>an<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>. <span class=\"_ _16\"></span><span class=\"ff21\">Ne<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>20<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o </span></span></span></span></span></span></span></span></span></span>n<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>Re<span class=\"_ _16\"></span>la<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>gl<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span><span class=\"ff26\">Co<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>S<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span><span class=\"ff21 ls67\">, <span class=\"ff26 ls0\">L<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>G<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>de<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>lo<span class=\"_ _16\"></span> <span class=\"_ _16\"></span>Sp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"ff21 ls67\">, <span class=\"_ _16\"></span><span class=\"ff26 ls0\">Ma<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _16\"></span><span class=\"ff21 ls4\">ed<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ff26\">Expansi\u00f3n </span></span></span></span></span></span></span></span>hanno <span class=\"_ _16\"></span>confermato <span class=\"_ _16\"></span><span class=\"ls17\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>loro <span class=\"_ _16\"></span>leadership <span class=\"_ _1\"></span>nei <span class=\"_ _16\"></span>segmenti <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>riferimento; </span></span><span class=\"ff21 fs2 fc0 ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">attribuito, <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>netto <span class=\"_ _1\"></span>degli <span class=\"_ _16\"></span>ammortamenti <span class=\"_ _1\"></span>cumulati <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>marchi e <span class=\"_ _1\"></span>testate <span class=\"_ _1\"></span>periodiche </span></span></span></span></span></span></span></span>italiane a vita <span class=\"_ _3\"></span>utile definita per Euro 42,4 milioni e <span class=\"_ _3\"></span>a testate periodiche spagnole <span class=\"_ _3\"></span>a vita <span class=\"_ _3\"></span>utile <span class=\"_ _3\"></span>definita per <span class=\"_ _3\"></span>Euro 10,5 milioni; gli <span class=\"_ _7\"></span>inve<span class=\"_ _2\"></span>sti<span class=\"_ _1\"></span>ment<span class=\"_ _2\"></span>i <span class=\"_ _8\"></span>sos<span class=\"_ _1\"></span>tenu<span class=\"_ _2\"></span>ti <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019ac<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>zio<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span> <span class=\"_ _8\"></span><span class=\"ls7\">di</span> <span class=\"_ _8\"></span>licen<span class=\"_ _1\"></span>ze <span class=\"_ _7\"></span>telev<span class=\"_ _2\"></span>isiv<span class=\"_ _1\"></span>e <span class=\"_ _8\"></span>(Ve<span class=\"_ _2\"></span>o <span class=\"_ _8\"></span>Tel<span class=\"_ _2\"></span>ev<span class=\"_ _1\"></span>ision<span class=\"_ _1\"></span>) <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>radi<span class=\"_ _2\"></span>of<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>ich<span class=\"_ _2\"></span>e <span class=\"_ _12\"> </span>(Radio <span class=\"_ _11\"> </span>de Aragon<span class=\"ff21\">) valutat<span class=\"_ _2\"></span>i a vita utile inde<span class=\"_ _2\"></span>finita (Euro 1<span class=\"_ _2\"></span>2,6 milioni); </span><span class=\"ff21 fs2 fc0\">i <span class=\"_ _16\"></span>diritti <span class=\"_ _16\"></span><span class=\"ff24\">d\u2019uso<span class=\"ff21\"> <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _16\"></span>frequenze <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>banda <span class=\"_ _16\"></span>televisiva <span class=\"_ _0\"></span>per <span class=\"_ _16\"></span>sistemi <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>radiodiffusion<span class=\"_ _2\"></span>e <span class=\"_ _16\"></span>digitale <span class=\"_ _0\"></span>terrestre <span class=\"_ _1\"></span>(Euro <span class=\"_ _1\"></span>29,3 <span class=\"_ _16\"></span>milioni) </span></span></span></span></span></span></span>della societ\u00e0 Cai<span class=\"_ _2\"></span>ro Network. <span class=\"ff21 fc0\">altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immateriali <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>Euro <span class=\"_ _6\"></span>36,7 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>costituite <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>dagli <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>sostenuti <span class=\"_ _3\"></span>per <span class=\"_ _6\"></span>lo <span class=\"_ _3\"></span>sviluppo </span>in <span class=\"_ _6\"></span>Italia <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Spagna <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>siti <span class=\"_ _6\"></span>internet <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>nuovi <span class=\"_ _3\"></span>pr<span class=\"_ _3\"></span>ogetti <span class=\"_ _3\"></span>web, <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>cui<span class=\"_ _6\"></span> <span class=\"_ _a1\"> </span>i <span class=\"_ _6\"></span>nuovi <span class=\"_ _6\"></span>progetti <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>digital <span class=\"_ _6\"></span>advertising <span class=\"_ _6\"></span>del Gruppo RCS, o<span class=\"_ _2\"></span>ltre che per il po<span class=\"_ _2\"></span>tenziamento delle in<span class=\"_ _2\"></span>frastrutture de<span class=\"_ _2\"></span>l Gruppo. I marchi e <span class=\"_ _3\"></span>testate a <span class=\"_ _3\"></span>vita utile indefinita non sono soggetti <span class=\"_ _3\"></span>ad ammortamento e sono periodicamente<span class=\"_ _3\"></span> sottoposti a tes<span class=\"_ _2\"></span>t <span class=\"ls7\">di</span> <span class=\"ff26\">impa<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>rment <span class=\"_ _1\"></span><span class=\"ff21\">mentre i <span class=\"_ _1\"></span>marchi e <span class=\"_ _1\"></span>testate <span class=\"_ _2\"></span>a vi<span class=\"_ _2\"></span>ta u<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ile <span class=\"_ _2\"></span>definita <span class=\"_ _2\"></span>sono sottopo<span class=\"_ _1\"></span>sti al processo <span class=\"_ _1\"></span>di ammortam<span class=\"_ _2\"></span>ento </span></span>secondo <span class=\"_ _6\"></span>la <span class=\"_ _3\"></span>durata <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>vita <span class=\"_ _3\"></span>ut<span class=\"_ _3\"></span>ile <span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>essi <span class=\"_ _3\"></span>assegnata <span class=\"_ _6\"></span>(30 <span class=\"_ _3\"></span>anni) <span class=\"_ _6\"></span>e, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>presenza <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>indicatori <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>perdita <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore,<span class=\"_ _2\"></span> assoggettati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>test <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span><span class=\"ff26\">impairment <span class=\"_ _6\"></span><span class=\"ff24\">volto <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valutare <span class=\"_ _6\"></span>l\u2019eventuale <span class=\"_ _6\"></span>esistenza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>va<span class=\"_ _3\"></span></span></span>lore <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valore rec<span class=\"_ _2\"></span>upe<span class=\"_ _1\"></span>rabi<span class=\"_ _2\"></span>le.<span class=\"_ _1\"></span> Avv<span class=\"_ _2\"></span>iam<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> La voce, pari a Euro 1<span class=\"_ _2\"></span>95,5 milioni, i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ud<span class=\"_ _2\"></span>e:<span class=\"_ _1\"></span> per <span class=\"_ _8\"></span>Euro <span class=\"_ _8\"></span>per <span class=\"_ _15\"></span>Euro <span class=\"_ _7\"></span>188,<span class=\"_ _3\"></span>3 <span class=\"_ _8\"></span><span class=\"ff24\">l\u2019avviamento <span class=\"_ _7\"> </span>derivante <span class=\"_ _8\"> </span>dalla <span class=\"_ _8\"> </span><span class=\"ff26\">busi<span class=\"_ _3\"></span>ness <span class=\"_ _7\"></span>combination <span class=\"_ _8\"></span></span></span>del <span class=\"_ _8\"></span>Gruppo <span class=\"_ _15\"></span>RCS <span class=\"_ _7\"></span>che <span class=\"_ _8\"></span>\u00e8 <span class=\"_ _15\"></span>stato determinato <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>residuale <span class=\"_ _16\"></span>della <span class=\"_ _1\"></span>differenza <span class=\"_ _16\"></span>tra <span class=\"_ _1\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>della <span class=\"_ _16\"></span>operazione <span class=\"_ _1\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>patrimonio <span class=\"_ _1\"></span>netto <span class=\"_ _16\"></span>acquisito, </span></span></span></span></span></span>dopo <span class=\"_ _14\"></span>avere <span class=\"_ _6\"></span>espresso <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _14\"></span></span>tutte <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>passivit\u00e0 <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>operaz<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>ed <span class=\"_ _14\"></span>allocato <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>Gruppo RCS<span class=\"ls0\"> nel <span class=\"_ _2\"></span>suo co<span class=\"_ _2\"></span>mplesso. </span><span class=\"ff21 fc0\">per<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ls7\">7,1<span class=\"ls0\"> <span class=\"_ _16\"></span>mil<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>gli<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>avvi<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>i <span class=\"_ _16\"></span>rico<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>uci<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _16\"></span><span class=\"ff26\">cash<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>gen<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g <span class=\"_ _0\"></span>uni<span class=\"_ _2\"></span>t <span class=\"_ _16\"></span><span class=\"ff21\">(CG<span class=\"_ _1\"></span>U) <span class=\"_ _16\"></span>rap<span class=\"_ _1\"></span>prese<span class=\"_ _2\"></span>nta<span class=\"_ _1\"></span>te dal sett<span class=\"_ _2\"></span>ore </span></span></span></span></span>editoriale periodi<span class=\"_ _2\"></span>ci di Cairo Edito<span class=\"_ _2\"></span>re, al settore c<span class=\"_ _2\"></span>oncessionarie e a I<span class=\"_ _2\"></span>l Trovatore. A<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _15\"></span>sensi <span class=\"_ _15\"> </span>dello <span class=\"_ _15\"></span>IAS <span class=\"_ _8\"></span>36 <span class=\"_ _15\"> </span>gli avviamenti <span class=\"_ _8\"></span>vengono <span class=\"_ _15\"> </span>almeno <span class=\"_ _8\"></span>annualmente <span class=\"_ _15\"></span>sottoposti <span class=\"_ _8\"></span>a <span class=\"_ _15\"> </span>test <span class=\"_ _15\"> </span>di <span class=\"ff26\">impairment </span>c<span class=\"_ _2\"></span>on le modalit\u00e0 <span class=\"_ _2\"></span>commentate nel<span class=\"_ _2\"></span> paragrafo dedicato <span class=\"_ _2\"></span>al proce<span class=\"_ _2\"></span>sso di impairment te<span class=\"_ _1\"></span>st. Imm<span class=\"_ _1\"></span>obiliz<span class=\"_ _1\"></span>zazi<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span> in<span class=\"_ _1\"></span> cor<span class=\"_ _2\"></span>so<span class=\"_ _1\"></span> <span class=\"ff21 fc0\">La <span class=\"_ _6\"></span>vo<span class=\"ff24\">ce <span class=\"_ _6\"></span>\u201cimmobi<span class=\"_ _2\"></span>lizzazioni <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>corso\u201d <span class=\"_ _3\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span><span class=\"ff21\">3,7 <span class=\"_ _6\"></span>milioni <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>diritti <span class=\"_ _6\"></span>tele<span class=\"_ _2\"></span>visivi <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>verranno <span class=\"_ _3\"></span>sfruttati </span></span></span>negli <span class=\"_ _6\"></span>esercizi <span class=\"_ _6\"></span>futuri <span class=\"_ _6\"></span>nonch\u00e9 <span class=\"_ _3\"></span>i <span class=\"_ _14\"></span>costi <span class=\"_ _6\"></span>sostenuti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls6\">lo</span> <span class=\"_ _6\"></span>sviluppo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>progetti <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>ambito <span class=\"_ _6\"></span><span class=\"ff26\">information <span class=\"_ _14\"></span>technology <span class=\"_ _6\"></span></span>in attesa di entrare i<span class=\"_ _2\"></span>n funziona<span class=\"_ _2\"></span>mento. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-950-3": {
   "value": "18. At<span class=\"_ _1\"></span>tivit<span class=\"_ _1\"></span>\u00e0 imma<span class=\"_ _2\"></span>ter<span class=\"_ _1\"></span>iali La movimentaz<span class=\"_ _2\"></span>ione delle i<span class=\"_ _2\"></span>mmobilizzazion<span class=\"_ _2\"></span>i immateriali pu\u00f2 es<span class=\"_ _2\"></span>sere dettagl<span class=\"_ _2\"></span>iata come segu<span class=\"_ _1\"></span>e: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneDir<span class=\"_ _1\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>io<span class=\"_ _3\"></span>niAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>ntoAltr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span> Imm<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>b.n<span class=\"_ _2\"></span>i inTotalete<span class=\"_ _6\"></span>le<span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>is<span class=\"_ _6\"></span>ivilice<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>,<span class=\"_ _3\"></span> ma<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>chiim<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>ria<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _6\"></span> te<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ta<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span> e<span class=\"_ _6\"></span>ditor<span class=\"_ _1\"></span>ial<span class=\"_ _2\"></span>iV<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>1<span class=\"_ _77\"> </span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,6<span class=\"_ _165\"> </span>77<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _74\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _227\"> </span>0,<span class=\"_ _3\"></span>2<span class=\"_ _227\"> </span>8<span class=\"_ _3\"></span>,5<span class=\"_ _228\"> </span>98<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1Acqu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> nette<span class=\"_ _229\"> </span>1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _20f\"> </span>2<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _157\"> </span>0,<span class=\"_ _1\"></span>1<span class=\"_ _20f\"> </span>0<span class=\"_ _1\"></span>,4<span class=\"_ _15c\"> </span>3,<span class=\"_ _1\"></span>6<span class=\"_ _7b\"> </span>3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6Am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>rtam<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sval<span class=\"_ _16\"></span>utaz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _30\"> </span>(1<span class=\"_ _1\"></span>1,<span class=\"_ _16\"></span>4)<span class=\"_ _114\"> </span>(2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7)<span class=\"_ _21b\"> </span>-<span class=\"_ _114\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _21b\"> </span>-<span class=\"_ _15f\"> </span>(3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4)Al<span class=\"_ _16\"></span>tri<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>enti<span class=\"_ _223\"> </span>1,<span class=\"_ _16\"></span>9<span class=\"_ _191\"> </span>6<span class=\"_ _1\"></span>,4<span class=\"_ _d8\"> </span>-<span class=\"_ _21b\"> </span>-<span class=\"_ _114\"> </span>(8,<span class=\"_ _16\"></span>4)<span class=\"_ _114\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>)V<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tti a<span class=\"_ _2\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>2<span class=\"_ _77\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _165\"> </span>77<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _74\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _227\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _227\"> </span>3<span class=\"_ _3\"></span>,7<span class=\"_ _228\"> </span>99<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2L<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>co<span class=\"_ _1\"></span>mp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>si<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne del<span class=\"_ _1\"></span>le<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>imm<span class=\"_ _1\"></span>ob<span class=\"_ _2\"></span>il<span class=\"_ _1\"></span>izz<span class=\"_ _1\"></span>az<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>imm<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>sul<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ba<span class=\"_ _1\"></span>se<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>de<span class=\"_ _2\"></span>ll<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>s<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span>sse<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pu<span class=\"_ _1\"></span>\u00f2 <span class=\"_ _3\"></span>es<span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>det<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>gl<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span> co<span class=\"_ _1\"></span>me<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e: De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>eDir<span class=\"_ _1\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ioniAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>ntoAltr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> im<span class=\"_ _1\"></span>m. Im<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>b<span class=\"_ _2\"></span>.ni<span class=\"_ _2\"></span> inTotalete<span class=\"_ _6\"></span>le<span class=\"_ _14\"></span>vis<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>ilice<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chiim<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span>alico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>te<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ta<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span> e<span class=\"_ _6\"></span>ditor<span class=\"_ _1\"></span>ial<span class=\"_ _2\"></span>iVi<span class=\"_ _16\"></span>ta <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta<span class=\"_ _22a\"> </span>-<span class=\"_ _32\"> </span>65<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,6<span class=\"_ _163\"> </span>1<span class=\"_ _1\"></span>95<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _e3\"> </span>-<span class=\"_ _217\"> </span>-<span class=\"_ _7b\"> </span>85<span class=\"_ _1\"></span>2,<span class=\"_ _16\"></span>1Vi<span class=\"_ _16\"></span>ta <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> defi<span class=\"_ _16\"></span>ni<span class=\"_ _0\"></span>ta<span class=\"_ _11d\"> </span>15<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _20f\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>9<span class=\"_ _e3\"> </span>-<span class=\"_ _14e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _20e\"> </span>3,<span class=\"_ _1\"></span>7<span class=\"_ _163\"> </span>13<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lor<span class=\"_ _2\"></span>i ne<span class=\"_ _6\"></span>tti a<span class=\"_ _1\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _68\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _71\"> </span>7<span class=\"_ _6\"></span>75<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _65\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _22b\"> </span>0<span class=\"_ _3\"></span>,3<span class=\"_ _22b\"> </span>3<span class=\"_ _3\"></span>,7<span class=\"_ _65\"> </span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2Diri<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i tel<span class=\"_ _2\"></span>ev<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>ivi<span class=\"_ _1\"></span> La <span class=\"_ _15\"> </span>voce<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>\u201cdi<span class=\"_ _2\"></span>ritt<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"_ _8\"></span></span>telev<span class=\"_ _1\"></span>isivi<span class=\"_ _2\"></span>\u201d <span class=\"_ _8\"></span>inclu<span class=\"_ _1\"></span>de <span class=\"_ _15\"> </span>gli <span class=\"_ _8\"></span>inve<span class=\"_ _2\"></span>sti<span class=\"_ _1\"></span>ment<span class=\"_ _2\"></span>i <span class=\"_ _15\"></span>eff<span class=\"_ _2\"></span>ettu<span class=\"_ _1\"></span>ati <span class=\"_ _8\"></span><span class=\"ls7\">da</span> <span class=\"_ _12\"> </span>La7<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>S.<span class=\"_ _2\"></span>p.A<span class=\"_ _1\"></span>. <span class=\"_ _15\"> </span><span class=\"ls17\">in</span> <span class=\"_ _12\"> </span>dirit<span class=\"_ _1\"></span>ti <span class=\"_ _15\"> </span>plur<span class=\"_ _1\"></span>ienn<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i <span class=\"_ _12\"> </span>(di <span class=\"_ _11\"> </span>durata superiore a <span class=\"_ _2\"></span>12 <span class=\"_ _2\"></span>mesi) di <span class=\"_ _1\"></span>utilizzazione telev<span class=\"_ _2\"></span>isiva d<span class=\"_ _2\"></span>i film, <span class=\"_ _1\"></span>serie e telefilm <span class=\"_ _2\"></span>nonch\u00e9 g<span class=\"_ _1\"></span>li <span class=\"_ _3\"></span>investimenti <span class=\"_ _16\"></span>da <span class=\"_ _16\"></span>parte <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ls31\">RCS<span class=\"ls0\"> </span></span></span></span>in <span class=\"_ _16\"></span>diritti <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span>opere <span class=\"_ _16\"></span>audiovisive <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>produzioni <span class=\"_ _16\"></span>esecutive <span class=\"_ _16\"></span>trasmesse sui canali s<span class=\"_ _2\"></span>atellitari Caccia e Pesc<span class=\"_ _2\"></span>a. Conc<span class=\"_ _1\"></span>essi<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span>, <span class=\"_ _1\"></span>licen<span class=\"_ _1\"></span>ze,<span class=\"_ _2\"></span> mar<span class=\"_ _1\"></span>chi e <span class=\"_ _2\"></span>te<span class=\"_ _1\"></span>state<span class=\"_ _1\"></span> edit<span class=\"_ _1\"></span>oriali<span class=\"_ _1\"></span> La<span class=\"ls0\"> voce concessio<span class=\"_ _2\"></span>ni, licenze, march<span class=\"_ _2\"></span>i e testate al 3<span class=\"_ _2\"></span>1 dicembre 2022 inclu<span class=\"_ _2\"></span>de pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _2\"></span>alm<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>te: </span><span class=\"ff21 fs2 fc0 ls65\">il<span class=\"ls0\"> <span class=\"_ _6\"></span><span class=\"ff26\">f<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ff21\">at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ib<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>rc<span class=\"_ _2\"></span>h<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>it<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>a vit<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ind<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls1\">348,8</span> <span class=\"_ _3\"></span>mil<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i <span class=\"_ _14\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a tes<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>te<span class=\"_ _16\"></span> </span></span></span></span>qu<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>an<span class=\"_ _2\"></span>e sp<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>nol<span class=\"_ _1\"></span>e a vi<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ind<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>per<span class=\"_ _2\"></span> Euro <span class=\"ls7\">295,2</span> milio<span class=\"_ _1\"></span>ni. <span class=\"ls66\">RCS</span> <span class=\"_ _3\"></span>edi<span class=\"_ _2\"></span>ta <span class=\"ls17\">in</span> <span class=\"_ _3\"></span>Ita<span class=\"_ _1\"></span>lia i quoti<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>ian<span class=\"_ _2\"></span>i <span class=\"ff26\">Corr<span class=\"_ _1\"></span>iere del<span class=\"_ _1\"></span>la </span>Ser<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span><span class=\"ff21\">e <span class=\"_ _16\"></span><span class=\"ff26 ls60\">La<span class=\"ls0\"> <span class=\"_ _16\"></span>Gaz<span class=\"_ _2\"></span>zett<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>dell<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>Sp<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>t <span class=\"_ _16\"></span><span class=\"ff21\">e <span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _16\"></span>S<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>qu<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ff26\">E<span class=\"_ _2\"></span>l <span class=\"_ _16\"></span>M<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o<span class=\"ff21 ls67\">, <span class=\"_ _1\"></span><span class=\"ff26 ls0\">M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>a <span class=\"_ _16\"></span><span class=\"ff21\">e<span class=\"_ _2\"></span>d <span class=\"_ _0\"></span><span class=\"ff26\">Ex<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>an<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>. <span class=\"_ _16\"></span><span class=\"ff21\">Ne<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>20<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o </span></span></span></span></span></span></span></span></span></span>n<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>Re<span class=\"_ _16\"></span>la<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>gl<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span><span class=\"ff26\">Co<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>S<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span><span class=\"ff21 ls67\">, <span class=\"ff26 ls0\">L<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>G<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>de<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>lo<span class=\"_ _16\"></span> <span class=\"_ _16\"></span>Sp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"ff21 ls67\">, <span class=\"_ _16\"></span><span class=\"ff26 ls0\">Ma<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _16\"></span><span class=\"ff21 ls4\">ed<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ff26\">Expansi\u00f3n </span></span></span></span></span></span></span></span>hanno <span class=\"_ _16\"></span>confermato <span class=\"_ _16\"></span><span class=\"ls17\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>loro <span class=\"_ _16\"></span>leadership <span class=\"_ _1\"></span>nei <span class=\"_ _16\"></span>segmenti <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>riferimento; </span></span><span class=\"ff21 fs2 fc0 ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">attribuito, <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>netto <span class=\"_ _1\"></span>degli <span class=\"_ _16\"></span>ammortamenti <span class=\"_ _1\"></span>cumulati <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2022, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>marchi e <span class=\"_ _1\"></span>testate <span class=\"_ _1\"></span>periodiche </span></span></span></span></span></span></span></span>italiane a vita <span class=\"_ _3\"></span>utile definita per Euro 42,4 milioni e <span class=\"_ _3\"></span>a testate periodiche spagnole <span class=\"_ _3\"></span>a vita <span class=\"_ _3\"></span>utile <span class=\"_ _3\"></span>definita per <span class=\"_ _3\"></span>Euro 10,5 milioni; gli <span class=\"_ _7\"></span>inve<span class=\"_ _2\"></span>sti<span class=\"_ _1\"></span>ment<span class=\"_ _2\"></span>i <span class=\"_ _8\"></span>sos<span class=\"_ _1\"></span>tenu<span class=\"_ _2\"></span>ti <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>l\u2019ac<span class=\"_ _2\"></span>qui<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>zio<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span> <span class=\"_ _8\"></span><span class=\"ls7\">di</span> <span class=\"_ _8\"></span>licen<span class=\"_ _1\"></span>ze <span class=\"_ _7\"></span>telev<span class=\"_ _2\"></span>isiv<span class=\"_ _1\"></span>e <span class=\"_ _8\"></span>(Ve<span class=\"_ _2\"></span>o <span class=\"_ _8\"></span>Tel<span class=\"_ _2\"></span>ev<span class=\"_ _1\"></span>ision<span class=\"_ _1\"></span>) <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>radi<span class=\"_ _2\"></span>of<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>ich<span class=\"_ _2\"></span>e <span class=\"_ _12\"> </span>(Radio <span class=\"_ _11\"> </span>de Aragon<span class=\"ff21\">) valutat<span class=\"_ _2\"></span>i a vita utile inde<span class=\"_ _2\"></span>finita (Euro 1<span class=\"_ _2\"></span>2,6 milioni); </span><span class=\"ff21 fs2 fc0\">i <span class=\"_ _16\"></span>diritti <span class=\"_ _16\"></span><span class=\"ff24\">d\u2019uso<span class=\"ff21\"> <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _16\"></span>frequenze <span class=\"_ _16\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>banda <span class=\"_ _16\"></span>televisiva <span class=\"_ _0\"></span>per <span class=\"_ _16\"></span>sistemi <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>radiodiffusion<span class=\"_ _2\"></span>e <span class=\"_ _16\"></span>digitale <span class=\"_ _0\"></span>terrestre <span class=\"_ _1\"></span>(Euro <span class=\"_ _1\"></span>29,3 <span class=\"_ _16\"></span>milioni) </span></span></span></span></span></span></span>della societ\u00e0 Cai<span class=\"_ _2\"></span>ro Network. <span class=\"ff21 fc0\">altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immateriali <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>Euro <span class=\"_ _6\"></span>36,7 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>costituite <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>dagli <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>sostenuti <span class=\"_ _3\"></span>per <span class=\"_ _6\"></span>lo <span class=\"_ _3\"></span>sviluppo </span>in <span class=\"_ _6\"></span>Italia <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Spagna <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>siti <span class=\"_ _6\"></span>internet <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>nuovi <span class=\"_ _3\"></span>pr<span class=\"_ _3\"></span>ogetti <span class=\"_ _3\"></span>web, <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>cui<span class=\"_ _6\"></span> <span class=\"_ _a1\"> </span>i <span class=\"_ _6\"></span>nuovi <span class=\"_ _6\"></span>progetti <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>digital <span class=\"_ _6\"></span>advertising <span class=\"_ _6\"></span>del Gruppo RCS, o<span class=\"_ _2\"></span>ltre che per il po<span class=\"_ _2\"></span>tenziamento delle in<span class=\"_ _2\"></span>frastrutture de<span class=\"_ _2\"></span>l Gruppo. I marchi e <span class=\"_ _3\"></span>testate a <span class=\"_ _3\"></span>vita utile indefinita non sono soggetti <span class=\"_ _3\"></span>ad ammortamento e sono periodicamente<span class=\"_ _3\"></span> sottoposti a tes<span class=\"_ _2\"></span>t <span class=\"ls7\">di</span> <span class=\"ff26\">impa<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>rment <span class=\"_ _1\"></span><span class=\"ff21\">mentre i <span class=\"_ _1\"></span>marchi e <span class=\"_ _1\"></span>testate <span class=\"_ _2\"></span>a vi<span class=\"_ _2\"></span>ta u<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ile <span class=\"_ _2\"></span>definita <span class=\"_ _2\"></span>sono sottopo<span class=\"_ _1\"></span>sti al processo <span class=\"_ _1\"></span>di ammortam<span class=\"_ _2\"></span>ento </span></span>secondo <span class=\"_ _6\"></span>la <span class=\"_ _3\"></span>durata <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>vita <span class=\"_ _3\"></span>ut<span class=\"_ _3\"></span>ile <span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>essi <span class=\"_ _3\"></span>assegnata <span class=\"_ _6\"></span>(30 <span class=\"_ _3\"></span>anni) <span class=\"_ _6\"></span>e, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>presenza <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>indicatori <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>perdita <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore,<span class=\"_ _2\"></span> assoggettati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>test <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span><span class=\"ff26\">impairment <span class=\"_ _6\"></span><span class=\"ff24\">volto <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>valutare <span class=\"_ _6\"></span>l\u2019eventuale <span class=\"_ _6\"></span>esistenza <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>va<span class=\"_ _3\"></span></span></span>lore <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>valore rec<span class=\"_ _2\"></span>upe<span class=\"_ _1\"></span>rabi<span class=\"_ _2\"></span>le.<span class=\"_ _1\"></span> Imm<span class=\"_ _1\"></span>obiliz<span class=\"_ _1\"></span>zazi<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span> in<span class=\"_ _1\"></span> cor<span class=\"_ _2\"></span>so<span class=\"_ _1\"></span> <span class=\"ff21 fc0\">La <span class=\"_ _6\"></span>vo<span class=\"ff24\">ce <span class=\"_ _6\"></span>\u201cimmobi<span class=\"_ _2\"></span>lizzazioni <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>corso\u201d <span class=\"_ _3\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span><span class=\"ff21\">3,7 <span class=\"_ _6\"></span>milioni <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>diritti <span class=\"_ _6\"></span>tele<span class=\"_ _2\"></span>visivi <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>verranno <span class=\"_ _3\"></span>sfruttati </span></span></span>negli <span class=\"_ _6\"></span>esercizi <span class=\"_ _6\"></span>futuri <span class=\"_ _6\"></span>nonch\u00e9 <span class=\"_ _3\"></span>i <span class=\"_ _14\"></span>costi <span class=\"_ _6\"></span>sostenuti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls6\">lo</span> <span class=\"_ _6\"></span>sviluppo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>progetti <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>ambito <span class=\"_ _6\"></span><span class=\"ff26\">information <span class=\"_ _14\"></span>technology <span class=\"_ _6\"></span></span>in attesa di entrare i<span class=\"_ _2\"></span>n funziona<span class=\"_ _2\"></span>mento. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-982-3": {
   "value": "Avv<span class=\"_ _2\"></span>iam<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> La voce, pari a Euro 1<span class=\"_ _2\"></span>95,5 milioni, i<span class=\"_ _2\"></span>ncl<span class=\"_ _2\"></span>ud<span class=\"_ _2\"></span>e:<span class=\"_ _1\"></span> per <span class=\"_ _8\"></span>Euro <span class=\"_ _8\"></span>per <span class=\"_ _15\"></span>Euro <span class=\"_ _7\"></span>188,<span class=\"_ _3\"></span>3 <span class=\"_ _8\"></span><span class=\"ff24\">l\u2019avviamento <span class=\"_ _7\"> </span>derivante <span class=\"_ _8\"> </span>dalla <span class=\"_ _8\"> </span><span class=\"ff26\">busi<span class=\"_ _3\"></span>ness <span class=\"_ _7\"></span>combination <span class=\"_ _8\"></span></span></span>del <span class=\"_ _8\"></span>Gruppo <span class=\"_ _15\"></span>RCS <span class=\"_ _7\"></span>che <span class=\"_ _8\"></span>\u00e8 <span class=\"_ _15\"></span>stato determinato <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>residuale <span class=\"_ _16\"></span>della <span class=\"_ _1\"></span>differenza <span class=\"_ _16\"></span>tra <span class=\"_ _1\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>della <span class=\"_ _16\"></span>operazione <span class=\"_ _1\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>patrimonio <span class=\"_ _1\"></span>netto <span class=\"_ _16\"></span>acquisito, </span></span></span></span></span></span>dopo <span class=\"_ _14\"></span>avere <span class=\"_ _6\"></span>espresso <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span><span class=\"ff26\">fair <span class=\"_ _6\"></span>value <span class=\"_ _14\"></span></span>tutte <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>attivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>passivit\u00e0 <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>operaz<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>ed <span class=\"_ _14\"></span>allocato <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>Gruppo RCS<span class=\"ls0\"> nel <span class=\"_ _2\"></span>suo co<span class=\"_ _2\"></span>mplesso. </span><span class=\"ff21 fc0\">per<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ls7\">7,1<span class=\"ls0\"> <span class=\"_ _16\"></span>mil<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>gli<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>avvi<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>i <span class=\"_ _16\"></span>rico<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>uci<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _16\"></span><span class=\"ff26\">cash<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>gen<span class=\"_ _2\"></span>era<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>g <span class=\"_ _0\"></span>uni<span class=\"_ _2\"></span>t <span class=\"_ _16\"></span><span class=\"ff21\">(CG<span class=\"_ _1\"></span>U) <span class=\"_ _16\"></span>rap<span class=\"_ _1\"></span>prese<span class=\"_ _2\"></span>nta<span class=\"_ _1\"></span>te dal sett<span class=\"_ _2\"></span>ore </span></span></span></span></span>editoriale periodi<span class=\"_ _2\"></span>ci di Cairo Edito<span class=\"_ _2\"></span>re, al settore c<span class=\"_ _2\"></span>oncessionarie e a I<span class=\"_ _2\"></span>l Trovatore. A<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _15\"></span>sensi <span class=\"_ _15\"> </span>dello <span class=\"_ _15\"></span>IAS <span class=\"_ _8\"></span>36 <span class=\"_ _15\"> </span>gli avviamenti <span class=\"_ _8\"></span>vengono <span class=\"_ _15\"> </span>almeno <span class=\"_ _8\"></span>annualmente <span class=\"_ _15\"></span>sottoposti <span class=\"_ _8\"></span>a <span class=\"_ _15\"> </span>test <span class=\"_ _15\"> </span>di <span class=\"ff26\">impairment </span>c<span class=\"_ _2\"></span>on le modalit\u00e0 <span class=\"_ _2\"></span>commentate nel<span class=\"_ _2\"></span> paragrafo dedicato <span class=\"_ _2\"></span>al proce<span class=\"_ _2\"></span>sso di impairment te<span class=\"_ _1\"></span>st. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-996-2": {
   "value": "Imp<span class=\"_ _1\"></span>airme<span class=\"_ _2\"></span>nt <span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>st Ai <span class=\"_ _2\"></span>sensi de<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>lo I<span class=\"_ _2\"></span>AS <span class=\"_ _2\"></span>36 <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>immaterial<span class=\"_ _2\"></span>i a <span class=\"_ _1\"></span>vita utile <span class=\"_ _1\"></span>indefinita, <span class=\"_ _2\"></span>l\u2019avviamen<span class=\"_ _2\"></span>to e <span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>immobilizzazion<span class=\"_ _2\"></span>i <span class=\"ff21\">in corso<span class=\"_ _2\"></span> </span>non vengono ammortizzati, ma <span class=\"_ _3\"></span>sottoposti alla verifica del <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>recup<span class=\"_ _1\"></span>erab<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>(<span class=\"ff26\">imp<span class=\"_ _1\"></span>airm<span class=\"_ _1\"></span>ent <span class=\"_ _1\"></span>test<span class=\"_ _2\"></span><span class=\"ff21\">) <span class=\"_ _1\"></span><span class=\"ls7\">ogni<span class=\"ls0\"> qu<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>vo<span class=\"_ _2\"></span>lt<span class=\"_ _2\"></span>a </span></span></span></span>si<span class=\"ls0\"> <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _16\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>pre<span class=\"_ _2\"></span>sen<span class=\"_ _1\"></span>za <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>fatt<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>cir<span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>stanz<span class=\"_ _2\"></span>e <span class=\"_ _16\"></span>che<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>poss<span class=\"_ _1\"></span>ono <span class=\"_ _1\"></span>far presume<span class=\"_ _2\"></span>re un <span class=\"_ _2\"></span>rischio d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> perd<span class=\"_ _2\"></span>ita <span class=\"_ _2\"></span>di valore <span class=\"_ _2\"></span>e, <span class=\"_ _2\"></span>comunque, <span class=\"_ _2\"></span>con </span></span></span></span></span>cadenza <span class=\"_\"> </span>almeno <span class=\"_\"> </span>annua<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e. <span class=\"_ _1c\"> </span>La <span class=\"_\"> </span>recuperab<span class=\"_ _2\"></span>ilit\u00e0 <span class=\"_\"> </span>del <span class=\"_\"> </span>valore <span class=\"_\"> </span>de<span class=\"_ _2\"></span>lle <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>a <span class=\"_\"> </span>v<span class=\"_ _2\"></span>ita <span class=\"_\"> </span>utile <span class=\"_\"> </span>def<span class=\"_ _2\"></span>inita, <span class=\"_\"> </span>sottoposte <span class=\"_\"> </span>a<span class=\"_ _1\"></span>d ammortamento <span class=\"_ _14\"></span>sulla base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>loro vita <span class=\"_ _3\"></span>utile, <span class=\"_ _3\"></span>viene accertata <span class=\"_ _3\"></span><span class=\"ls17\">in</span> <span class=\"_ _3\"></span>presenza <span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>indicatori che <span class=\"_ _3\"></span>facciano supporre l\u2019esistenza di un <span class=\"_ _2\"></span>rischio di <span class=\"_ _2\"></span>perdita di valore.<span class=\"ff21\"> </span>Di <span class=\"_ _11\"> </span>seguito <span class=\"_\"> </span>vengono <span class=\"_ _12\"> </span>elencate <span class=\"_ _11\"> </span><span class=\"ls6\">le</span> <span class=\"_ _11\"> </span>attivit\u00e0 <span class=\"_ _11\"> </span>a <span class=\"_\"> </span>v<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ta <span class=\"_ _11\"> </span>utile <span class=\"_ _11\"> </span>indefinita, <span class=\"_ _11\"> </span>iscritte <span class=\"_ _11\"> </span>nel <span class=\"_\"> </span>bi<span class=\"_ _2\"></span>lancio <span class=\"_ _11\"> </span>consolidato <span class=\"_\"> </span>di <span class=\"_\"> </span>Cairo Communication<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>dalla <span class=\"_ _14\"></span><span class=\"ff26\">business <span class=\"_ _3\"></span>combination <span class=\"_ _6\"></span></span>del <span class=\"_ _14\"></span>Gruppo <span class=\"_ _3\"></span>RCS, <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>son<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>state <span class=\"_ _6\"></span>assoggettate <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span><span class=\"ff26\">test <span class=\"_ _6\"></span>di </span>impairment <span class=\"ff21\">al 31 di<span class=\"_ _2\"></span>cembre 2022: </span><span class=\"ff21 fs2 fc0\">testate quotidiane italiane riconducibili ai sistemi <span class=\"_ _3\"></span><span class=\"ff26\">Corriere della Sera</span> <span class=\"ls4\">e <span class=\"_ _3\"></span></span><span class=\"ff26\">La Gazzetta dello <span class=\"_ _3\"></span>Sport</span>, eventi (e <span class=\"_ _3\"></span>siti </span>online e marchi a <span class=\"_ _2\"></span>essi corre<span class=\"_ _2\"></span>lati), <span class=\"_ _2\"></span>is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>itt<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>pe<span class=\"_ _2\"></span>r <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>ess<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>E<span class=\"_ _2\"></span>ur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span><span class=\"ls1\">348,8<span class=\"ls0\"> mi<span class=\"_ _1\"></span>lio<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span>; </span></span><span class=\"ff21 fs2 fc0\">testate <span class=\"_ _14\"></span>quotidiane <span class=\"_ _14\"></span>spagnole <span class=\"_ _14\"></span>riconducib<span class=\"_ _2\"></span>ili <span class=\"_ _14\"></span>ai <span class=\"_ _7\"></span>sistemi <span class=\"_ _14\"></span><span class=\"ff26\">El <span class=\"_ _14\"></span>Mundo</span>, <span class=\"_ _7\"></span><span class=\"ff26\">Marca <span class=\"_ _14\"></span></span><span class=\"ls4\">e <span class=\"_ _14\"></span></span><span class=\"ff26\">Expansion, <span class=\"_ _14\"></span></span>iscritte <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>complessivi </span>Euro 295,2 milion<span class=\"_ _2\"></span>i; <span class=\"ff21 fs2 fc0\">alcune licenz<span class=\"_ _2\"></span>e televisive e<span class=\"_ _2\"></span> radiofoniche is<span class=\"_ _2\"></span>critte per compl<span class=\"_ _2\"></span>essivi Euro 12,<span class=\"_ _2\"></span>6 mil<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span>i; </span><span class=\"ff24 fs2 fc0\">l\u2019avviamento<span class=\"ff21\"> <span class=\"_ _7\"></span>derivante <span class=\"_ _7\"></span>dalla <span class=\"_ _8\"></span><span class=\"ff26\">business <span class=\"_ _7\"></span>combination <span class=\"_ _7\"></span></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _8\"></span>RCS, <span class=\"_ _7\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _8\"></span>Euro <span class=\"_ _8\"></span>188,3 <span class=\"_ _1\"></span>milioni, <span class=\"_ _2\"></span>che <span class=\"_ _1\"></span>\u00e8 s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ato </span></span>allocato a fini d<span class=\"_ _2\"></span>i <span class=\"ff26\">impairment </span>al G<span class=\"_ _2\"></span>ruppo RCS nel suo c<span class=\"_ _2\"></span>omplesso.<span class=\"_ _2\"></span> Il valore recupera<span class=\"_ _2\"></span>bile dei march<span class=\"_ _2\"></span>i <span class=\"ls4\">e </span><span class=\"ff24\">testate e dell\u2019avvi<span class=\"_ _2\"></span>amento deri<span class=\"_ _2\"></span>vante dalla <span class=\"ff26\">business comb<span class=\"_ _2\"></span>ination <span class=\"ff21\">del Grupp<span class=\"_ _2\"></span>o </span></span></span>RCS \u00e8 stato deter<span class=\"_ _2\"></span>minato, con il supp<span class=\"_ _1\"></span>orto di un esperto indipendent<span class=\"_ _2\"></span>e. Il <span class=\"_ _16\"></span>valore <span class=\"_ _16\"></span>recuperabile <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>licenze <span class=\"_ _16\"></span>televisive <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>radiofoniche <span class=\"_ _16\"></span>spagnole <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _16\"></span>stato <span class=\"_ _16\"></span>verificato <span class=\"_ _16\"></span>avvalendosi <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>analisi predisposte da<span class=\"_ _2\"></span>lla societ\u00e0 controllat<span class=\"_ _2\"></span>a RCS. Gli <span class=\"_ _14\"></span><span class=\"ff26\">impairment <span class=\"_ _14\"></span>test</span>, <span class=\"_ _14\"></span>svolti <span class=\"_ _6\"></span>con <span class=\"_ _7\"></span>il <span class=\"_ _14\"></span>supporto <span class=\"_ _14\"></span><span class=\"ff24\">dell\u2019esperto <span class=\"_ _6\"></span>indi<span class=\"_ _3\"></span>pendente, <span class=\"_ _14\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _14\"></span>effettuati <span class=\"_ _14\"></span>sia <span class=\"_ _14\"></span>attraverso <span class=\"_ _14\"></span>una </span>valutazione in <span class=\"_ _3\"></span>continuit\u00e0 con il<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>passato (approccio ante IFRS 16) <span class=\"_ _3\"></span>si<span class=\"_ _3\"></span>a con<span class=\"_ _3\"></span> <span class=\"_\"> </span>una valutazione che ha <span class=\"_ _3\"></span>considerato gli effetti dell<span class=\"_ _2\"></span>\u2019applicazione del p<span class=\"_ _2\"></span>rincipio IFRS 16 s<span class=\"_ _2\"></span>ui parametri r<span class=\"_ _2\"></span>ilevanti ai <span class=\"ff21\">fini di <span class=\"ff26\">impairment</span>.<span class=\"_ _2\"></span> </span>Per la valutazione \u201cante IFRS 16\u201d il capitale investito non tiene conto dei diritti d\u2019uso su contra<span class=\"_ _2\"></span>tti<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"ls7\">di</span> <span class=\"_ _1\"></span>leasing <span class=\"_ _1\"></span>e </span>coerentemente i <span class=\"_ _6\"></span>flussi <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>cassa <span class=\"_ _3\"></span>previsti <span class=\"_ _3\"></span>utilizzati <span class=\"_ _3\"></span>per <span class=\"_ _6\"></span><span class=\"ls17\">il</span> <span class=\"_ _3\"></span>calcolo <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>recuperabile <span class=\"_ _14\"></span>includono <span class=\"_ _14\"></span>il <span class=\"_ _14\"></span>costo <span class=\"_ _14\"></span>per canoni. <span class=\"_ _14\"></span><span class=\"ls8\">Il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>WACC <span class=\"_ _3\"></span>applicato <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span><span class=\"ff24\">l\u2019attualizzazione</span> <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>flussi, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _6\"></span>determina<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span><span class=\"ls3\">al</span> <span class=\"_ _3\"></span>netto <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>sopracitati <span class=\"_ _6\"></span>effetti IFRS 16, omogenea<span class=\"_ _2\"></span>mente a quant<span class=\"_ _2\"></span>o fatto al 31 d<span class=\"_ _2\"></span>icembre 2021. In particolare, <span class=\"_ _2\"></span>il valore recuperabile \u00e8 sta<span class=\"_ _2\"></span>to determinato nel modo s<span class=\"_ _1\"></span>eguen<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span>: <span class=\"ff21 fs2 fc0\">per <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>marchi<span class=\"_ _1\"></span> <span class=\"ls3\">e </span>tes<span class=\"_ _2\"></span>tate<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>itali<span class=\"_ _1\"></span>ani <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>per <span class=\"_ _16\"></span><span class=\"ff24\">l\u2019av<span class=\"_ _2\"></span>via<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>to<span class=\"ff21\"> <span class=\"_ _16\"></span>der<span class=\"_ _1\"></span>ivan<span class=\"_ _2\"></span>ti <span class=\"_ _16\"></span>dal<span class=\"_ _2\"></span>la <span class=\"_ _16\"></span><span class=\"ff26\">bus<span class=\"_ _2\"></span>ine<span class=\"_ _2\"></span>ss <span class=\"_ _16\"></span>com<span class=\"_ _1\"></span>binat<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span> <span class=\"ff21\">del <span class=\"_ _2\"></span>Gruppo <span class=\"_ _1\"></span>RCS, <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>flussi <span class=\"_ _2\"></span>di </span></span></span></span></span>cassa <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>st<span class=\"_ _3\"></span>ati <span class=\"_ _1\"></span>desunti <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>bas<span class=\"_ _3\"></span>e delle p<span class=\"_ _2\"></span>revisioni <span class=\"_ _2\"></span>rivenienti <span class=\"_ _2\"></span>dal Piano 2023-<span class=\"_ _2\"></span>2025 del <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>(approvato dal Consiglio di A<span class=\"_ _2\"></span>mministrazion<span class=\"_ _2\"></span>e di RCS in dat<span class=\"_ _2\"></span>a 10 marzo 2023<span class=\"ls8\">).</span> I <span class=\"_ _6\"></span>fl<span class=\"_ _3\"></span>ussi <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>cassa, <span class=\"_ _6\"></span>conformemente <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>disposizioni <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>principio <span class=\"_ _6\"></span>IAS <span class=\"_ _6\"></span>36, <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>stati <span class=\"_ _6\"></span>proiettati <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>fini <span class=\"_ _6\"></span>valutativi costanti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>termini <span class=\"_ _3\"></span>nominali <span class=\"_ _3\"></span>(tasso <span class=\"_ _6\"></span>di cr<span class=\"_ _3\"></span>escita <span class=\"_ _3\"></span>g <span class=\"_ _3\"></span>= <span class=\"_ _6\"></span>0). Tali<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>qui<span class=\"_ _3\"></span>ndi att<span class=\"_ _3\"></span>ualizzati sulla <span class=\"_ _6\"></span>base di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>un tasso <span class=\"_ _3\"></span>definito <span class=\"_ _6\"></span>quale <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>ponderato del <span class=\"_ _3\"></span>capitale WACC <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span><span class=\"ls3\">al<span class=\"ff24 ls17\">l\u2019<span class=\"_ _3\"></span></span></span> <span class=\"_ _3\"></span>8,64% <span class=\"_ _3\"></span>(7,44% <span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 2021) per i <span class=\"_ _3\"></span>marchi <span class=\"_ _3\"></span><span class=\"ls4\">e <span class=\"_ _3\"></span></span>testate <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ff24 ls0\">l\u20198,73<span class=\"ff21\">% <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019avviamento<span class=\"ff21\"> <span class=\"_ _1\"></span>(7,64%% <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> 31<span class=\"_ _1\"></span> dice<span class=\"_ _2\"></span>mbre <span class=\"_ _1\"></span>2021). <span class=\"_ _3\"></span>Si <span class=\"_ _3\"></span>segnala <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>di </span></span></span></span></span></span></span>bilancio <span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>capitalizzazion<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>RCS <span class=\"_ _3\"></span>risulta <span class=\"_ _6\"></span>inferiore <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>contabile <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>ncluso <span class=\"_ _3\"></span>nel<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>bilancio consolidato. I <span class=\"_ _14\"></span>valori <span class=\"_ _7\"> </span>ottenuti <span class=\"_ _7\"> </span>sono <span class=\"_ _7\"></span>stati <span class=\"_ _14\"></span>sottoposti <span class=\"_ _7\"></span>ad <span class=\"_ _7\"></span>un\u2019analisi <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>sensitivit\u00e0, <span class=\"_ _7\"></span>facendo <span class=\"_ _7\"></span>variare<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _7\"></span>tasso <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>attualizzazione (<span class=\"ff26\">WACC</span>) e il tasso di crescita del valore finale (g), con variaz<span class=\"_ _2\"></span>ioni discrete di 50 <span class=\"ff26\">basis <span class=\"_ _2\"></span>points<span class=\"ff21\">, <span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>ducendo, <span class=\"_ _1\"></span>cos\u00ec </span></span>come <span class=\"_ _2\"></span>suggerito <span class=\"_ _1\"></span><span class=\"ff24\">dall\u2019ESMA,<span class=\"ff21\"> <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>valori <span class=\"_ _1\"></span><span class=\"ff24\">dell\u2019Ebitda,<span class=\"ff21\"> p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>evisti <span class=\"_ _1\"></span>nel periodo e ricompre<span class=\"_ _2\"></span>si nel valore fin<span class=\"_ _2\"></span>ale, del -10%. </span></span></span></span>In nessuno degli scena<span class=\"_ _2\"></span>ri sopra considerati <span class=\"_ _2\"></span>si evidenzia<span class=\"_ _2\"></span>no perdite di valo<span class=\"_ _1\"></span>re.<span class=\"_ _2\"></span> Inoltre, <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>considerazione <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>situazione <span class=\"_ _3\"></span>globale <span class=\"_ _6\"></span>caratterizza<span class=\"_ _2\"></span>ta <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>permanere <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>conflitto <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>Ucraina <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>del conseguente <span class=\"_ _14\"></span>contesto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>generale <span class=\"_ _7\"></span>incertezza, <span class=\"_ _14\"></span>sono <span class=\"_ _7\"></span>state <span class=\"_ _14\"></span>condotte <span class=\"_ _7\"></span>anche <span class=\"_ _7\"></span>analisi <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>sensitivit\u00e0 <span class=\"_ _7\"></span>maggiormente<span class=\"_ _2\"></span> conservative <span class=\"_ _6\"></span>(<span class=\"_ _3\"></span>stress <span class=\"_ _14\"></span>test) <span class=\"_ _14\"></span><span class=\"ff24\">\u2013</span> <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>termini <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>riduzione <span class=\"_ _14\"></span>dei<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>flus<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls7\">di</span> <span class=\"_ _3\"></span><span class=\"ls3\">cassa</span> <span class=\"_ _3\"></span><span class=\"ff24\">\u2013</span> <span class=\"_ _3\"></span><span class=\"ls49\">al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>fine<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls7\">di</span> <span class=\"_ _3\"></span>ve<span class=\"_ _2\"></span>rifi<span class=\"_ _1\"></span>care<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls17\">la</span> sosten<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _3\"></span>de<span class=\"_ _2\"></span>l val<span class=\"_ _2\"></span>ore<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>caric<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff24\">dell<span class=\"_ _1\"></span>\u2019avvi<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span><span class=\"ff21\"> <span class=\"_ _1\"></span>e <span class=\"_ _16\"></span>dei <span class=\"_ _1\"></span>marchi <span class=\"ls4\">e </span>testa<span class=\"_ _2\"></span>te. <span class=\"_ _16\"></span><span class=\"ls8\">In<span class=\"ls0\"> <span class=\"_ _1\"></span>particolare, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _1\"></span>stato <span class=\"_ _16\"></span>ipotizzato <span class=\"_ _16\"></span>anche <span class=\"_ _16\"></span>uno <span class=\"_ _16\"></span>scenario <span class=\"_ _16\"></span>volto </span></span></span></span></span></span>a <span class=\"_ _1\"></span>determinare <span class=\"_ _1\"></span>quale debba <span class=\"_ _3\"></span>esse <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span><span class=\"ff24\">riduzione <span class=\"_ _3\"></span>dell\u2019Ebitda di <span class=\"_ _3\"></span>Piano <span class=\"_ _3\"></span>(lineare ed <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>perpetuo) al <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>ricondurre</span>il <span class=\"_ _14\"></span>valore <span class=\"_ _6\"></span>d\u2019<span class=\"_ _3\"></span>uso <span class=\"_ _14\"></span>al <span class=\"_ _14\"></span>valo<span class=\"_ _2\"></span>re <span class=\"_ _14\"></span>d\u2019iscrizione <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>tali <span class=\"_ _14\"></span>attivit\u00e0. <span class=\"_ _6\"></span>Anche <span class=\"_ _14\"></span>tale <span class=\"_ _14\"></span>analisi <span class=\"_ _14\"></span>ha <span class=\"_ _14\"></span>confer<span class=\"_ _2\"></span>mato <span class=\"_ _14\"></span>la <span class=\"_ _14\"></span>ragionevole<span class=\"_ _2\"></span>zza <span class=\"_ _14\"></span>dei risultati ottenut<span class=\"_ _2\"></span>i. <span class=\"ff21 fs2 fc0\">per <span class=\"_ _3\"></span>le <span class=\"_ _8\"></span>testate <span class=\"_ _3\"></span>quotidiane <span class=\"_ _3\"></span>spagnole <span class=\"_ _3\"></span><span class=\"ff26 ls48\">El<span class=\"ls0\"> <span class=\"_ _6\"></span>Mundo</span></span>, <span class=\"ff26\">Marca</span> <span class=\"_ _3\"></span><span class=\"ls3\">ed<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span><span class=\"ff26\">Expansion</span>, <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>cassa <span class=\"_ _6\"></span>previsionali </span>2023-2027 <span class=\"_ _1c\"> </span>sviluppati <span class=\"_ _1c\"> </span>sulla <span class=\"_ _147\"> </span>base <span class=\"_ _1c\"> </span>del <span class=\"_ _147\"> </span>Piano <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>Unidad <span class=\"_ _b\"> </span>Editorial <span class=\"_ _17\"> </span>pure <span class=\"_ _b\"> </span>approvato <span class=\"_ _17\"> </span>dal <span class=\"_ _b\"> </span>Consiglio <span class=\"_ _18\"> </span>di Amministrazion<span class=\"_ _2\"></span>e <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>Unidad <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>data <span class=\"_ _14\"></span>7 <span class=\"_ _14\"></span>marzo <span class=\"_ _14\"></span>2023. <span class=\"_ _6\"></span>I <span class=\"_ _14\"></span>flussi <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>cassa <span class=\"_ _14\"></span>previsiona<span class=\"_ _2\"></span>li <span class=\"_ _14\"></span>2023-2027, <span class=\"_ _14\"></span>pro<span class=\"_ _2\"></span>iettati <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>fini valutativi costanti <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>termini <span class=\"_ _3\"></span>nominali <span class=\"_ _3\"></span>(tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>crescita <span class=\"_ _3\"></span>g <span class=\"_ _6\"></span>= <span class=\"_ _3\"></span>0), <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _3\"></span>attualizzati <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso <span class=\"_ _6\"></span>considerato rappresentativo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>ponderato <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>capitale <span class=\"_ _3\"></span>WACC <span class=\"_ _3\"></span>pari <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span><span class=\"ff24\">l\u20198,91</span>% <span class=\"_ _3\"></span>(8.04% <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _6\"></span>2021). Dall\u2019analisi svo<span class=\"_ _2\"></span>lta non son<span class=\"_ _1\"></span>o emerse evidenze di pe<span class=\"_ _2\"></span>rdite di va<span class=\"_ _2\"></span>lore. Anche p<span class=\"_ _2\"></span>er<span class=\"ff21\"> le testate quot<span class=\"_ _2\"></span>idiane spagno<span class=\"_ _2\"></span>le, in </span>considerazione <span class=\"_ _12\"> </span>della <span class=\"_ _11\"> </span>situazione <span class=\"_ _11\"> </span>globale <span class=\"_ _11\"> </span>caratterizzata <span class=\"_ _11\"> </span>dal <span class=\"_ _11\"> </span>permanere <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>conflitto <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>U<span class=\"_ _2\"></span>craina, <span class=\"_ _11\"> </span>sono <span class=\"_ _11\"> </span>state condotte anal<span class=\"_ _2\"></span>isi di sensit<span class=\"_ _2\"></span>ivit\u00e0 maggiorment<span class=\"_ _2\"></span>e conservati<span class=\"_ _2\"></span>ve (stress tes<span class=\"_ _2\"></span>t) e anche t<span class=\"_ _2\"></span>ali analisi h<span class=\"_ _2\"></span>anno conferma<span class=\"_ _2\"></span>to la<span class=\"_ _2\"></span> ragionevolezza d<span class=\"_ _2\"></span>ei risultati ottenut<span class=\"_ _2\"></span>i. \u201cPost <span class=\"_ _6\"></span>IFRS <span class=\"_ _6\"></span>16\u201d, <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>suo <span class=\"_ _6\"></span>complesso <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>carico <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>incrementano<span class=\"ff21\"> <span class=\"_ _f\"> </span></span>per <span class=\"_ _6\"></span>l\u2019iscrizione <span class=\"_ _3\"></span>di diritti <span class=\"_ _8\"> </span>d\u2019<span class=\"ff21\">uso <span class=\"_ _8\"></span>su <span class=\"_ _8\"></span>beni <span class=\"_ _8\"></span>in <span class=\"_ _8\"></span>l<span class=\"_ _3\"></span>easing <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>coerentemente <span class=\"_ _8\"></span>i <span class=\"_ _8\"></span>flussi <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>cassa <span class=\"_ _8\"></span>previsti <span class=\"_ _8\"></span>utilizzati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>calcolo <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>valore </span>recuperabile <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>includono <span class=\"_ _1\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>costo <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>canoni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>locazione. <span class=\"_ _3\"></span>Per <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span>valutazione, i <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>sono st<span class=\"_ _3\"></span>ati attualizzati </span></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>un <span class=\"_ _1\"></span>tasso <span class=\"_ _16\"></span>definito <span class=\"_ _1\"></span>quale <span class=\"_ _16\"></span>costo <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>ponderato <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span>capitale <span class=\"_ _16\"></span>WACC <span class=\"_ _16\"></span>par<span class=\"_ _3\"></span>i <span class=\"_ _16\"></span>al<span class=\"_ _3\"></span><span class=\"ff24\">l\u20198,</span>65% <span class=\"_ _16\"></span><span class=\"ff24\">per <span class=\"_ _1\"></span>l\u2019avviamento<span class=\"ff21\"> </span></span>(7,36% al 31 dice<span class=\"_ _2\"></span>mbre 202<span class=\"_ _2\"></span>1). L\u2019analisi <span class=\"_ _2\"></span>condotta p<span class=\"_ _1\"></span>er svolgere <span class=\"_ _2\"></span>il tes<span class=\"_ _2\"></span>t di <span class=\"_ _1\"></span>impairment e <span class=\"_ _1\"></span>verificare il <span class=\"_ _1\"></span>possibile impat<span class=\"_ _2\"></span>to deg<span class=\"_ _2\"></span>li effe<span class=\"_ _2\"></span>tti (pa<span class=\"_ _2\"></span>trimoniali, economico <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span><span class=\"ff24\">finanziari) <span class=\"_ _14\"></span>derivanti <span class=\"_ _6\"></span>dall\u2019introduzione <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>principio <span class=\"_ _6\"></span>contabile<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>nternazion<span class=\"_ _2\"></span>ale <span class=\"_ _6\"></span><span class=\"ff26\">Ifrs <span class=\"_ _14\"></span>16 <span class=\"_ _6\"></span>Leases <span class=\"_ _14\"></span></span>sui risultati <span class=\"_ _1\"></span>derivanti <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>processo <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span><span class=\"ff26\">impairment <span class=\"_ _8\"></span><span class=\"ff21\">ha <span class=\"_ _1\"></span>evidenziato <span class=\"_ _1\"></span>come <span class=\"_ _16\"></span>anche <span class=\"_ _1\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>processo <span class=\"_ _16\"></span>di <span class=\"_ _2\"></span><span class=\"ff26\">impairm<span class=\"_ _2\"></span>ent <span class=\"_ _1\"></span><span class=\"ff21\">svolto <span class=\"_ _16\"></span>sulla </span></span></span></span></span></span>base <span class=\"ls7\">di</span> una r<span class=\"_ _2\"></span>appresentazion<span class=\"_ _2\"></span>e conforme con le <span class=\"_ _3\"></span>disposizioni del principio contabile IFRS 16 non modifica, alla data <span class=\"_ _6\"></span>del <span class=\"_ _a1\"> </span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2022, <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>risultati <span class=\"_ _6\"></span>ottenuti <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>conclusioni <span class=\"_ _6\"></span>raggiunte <span class=\"_ _3\"></span>con <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>metodologia <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>continuit\u00e0<span class=\"_ _1\"></span> con quella <span class=\"_ _15\"> </span>applicata negli anni prec<span class=\"_ _2\"></span>edenti. \u201cPost <span class=\"_ _6\"></span>IFRS <span class=\"_ _6\"></span>16\u201d, <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span><span class=\"ff21\">nel <span class=\"_ _6\"></span>suo <span class=\"_ _6\"></span>complesso <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>carico <span class=\"_ _3\"></span>si <span class=\"_ _6\"></span>incrementano <span class=\"_ _f\"> </span></span>per <span class=\"_ _6\"></span>l\u2019iscrizione <span class=\"_ _3\"></span>di diritti <span class=\"_ _8\"> </span>d\u2019uso <span class=\"_ _8\"> </span>su <span class=\"_ _8\"> </span>beni <span class=\"_ _8\"> </span>in <span class=\"_ _8\"> </span>leasing <span class=\"_ _8\"> </span>e <span class=\"_ _8\"> </span>coerentemente <span class=\"_ _8\"> </span>i <span class=\"_ _8\"> </span>flussi <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>cassa <span class=\"_ _8\"> </span>previsti <span class=\"_ _8\"> </span>utilizzati<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>calcolo <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>valore </span>recuperabile <span class=\"_ _16\"></span>non <span class=\"_ _16\"></span>includono <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>costo <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span>canoni <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>locazione. </span></span>Co<span class=\"_ _2\"></span>n <span class=\"_ _7\"></span>rifer<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>o <span class=\"_ _7\"></span>alle <span class=\"_ _7\"></span>tes<span class=\"_ _1\"></span>tate<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>quo<span class=\"_ _1\"></span>tidian<span class=\"_ _1\"></span>e <span class=\"_ _8\"></span>spag<span class=\"_ _1\"></span>nole <span class=\"_ _7\"></span>(El <span class=\"_ _8\"></span>Mun<span class=\"_ _2\"></span>do,<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>Marca<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ff21 ls3\">ed<span class=\"ls0\"> <span class=\"_ _8\"></span></span></span>Expa<span class=\"_ _1\"></span>nsion)<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>alle <span class=\"_ _7\"></span>tes<span class=\"_ _2\"></span>tate<span class=\"_ _1\"></span> <span class=\"_ _11\"> </span>periodiche<span class=\"_ _2\"></span> spagnole <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>vita <span class=\"_ _14\"></span>utile <span class=\"_ _7\"></span>definita, <span class=\"_ _14\"></span>alle <span class=\"_ _14\"></span>quali <span class=\"_ _7\"></span><span class=\"ff24\">nell\u2019ambito</span> <span class=\"_ _14\"></span>della <span class=\"_ _14\"></span><span class=\"ff26\">business <span class=\"_ _7\"></span>combinati<span class=\"ls7\">on</span> <span class=\"_ _14\"></span></span>del <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _15\"> </span>RCS <span class=\"_ _15\"> </span>era <span class=\"_ _12\"> </span>stato attribuito <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span><span class=\"ff26\">fair <span class=\"_ _3\"></span>value <span class=\"_ _3\"></span></span>corrispondente al <span class=\"_ _6\"></span>valore iscritto <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>consolidato del <span class=\"_ _6\"></span>Gruppo RCS <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>data di acquisizione, <span class=\"_ _7\"></span>l\u2019<span class=\"ff26\">impairment <span class=\"_ _7\"></span>test <span class=\"_ _8\"></span><span class=\"ff21\">\u00e8 <span class=\"_ _8\"></span>stato <span class=\"_ _8\"></span>predisposto <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>via <span class=\"_ _8\"></span>autonoma <span class=\"_ _14\"></span>anche <span class=\"_ _8\"></span>da <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span></span></span>l\u2019assistenza<span class=\"ff21\"> <span class=\"_ _7\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>una </span>primaria <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>consulenza <span class=\"_ _6\"></span>senza <span class=\"_ _6\"></span>evidenziare <span class=\"_ _3\"></span>situazioni <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>perdita <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>valore. <span class=\"_ _6\"></span>Per <span class=\"_ _6\"></span>il <span class=\"_ _14\"></span>bilancio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>sono stati <span class=\"_ _2\"></span>assogget<span class=\"_ _2\"></span>tati <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>impairment <span class=\"_ _16\"></span>anche <span class=\"_ _16\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>valore <span class=\"_ _16\"></span>delle <span class=\"_ _16\"></span>licenze <span class=\"_ _0\"></span>televisive <span class=\"_ _16\"></span>(<span class=\"ff26\">Veo <span class=\"_ _1\"></span>Television<span class=\"ff21\">) <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>radiofoniche <span class=\"_ _16\"></span>(<span class=\"ff26\">Radio <span class=\"_ _16\"></span>de </span></span></span></span></span>Ara<span class=\"_ _1\"></span>gon<span class=\"ff21 ls8\">).<span class=\"ls0\"> </span></span>Anche <span class=\"_ _3\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>valore <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>iscrizione <span class=\"_ _3\"></span>degli <span class=\"_ _6\"></span>avviamenti <span class=\"_ _3\"></span>riconducibili <span class=\"_ _3\"></span>alle <span class=\"_ _6\"></span>CGU <span class=\"_ _3\"></span>rappresentate <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>settore<span class=\"_ _6\"></span> edito<span class=\"_ _2\"></span>riale periodici <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>Cairo <span class=\"_ _1\"></span>Editore <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dal <span class=\"_ _2\"></span>settore <span class=\"_ _16\"></span>concessionarie <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>emersi <span class=\"_ _2\"></span>dai <span class=\"ff26\">te<span class=\"_ _2\"></span>st <span class=\"ff21\">evidenze di perd<span class=\"_ _2\"></span>ite di valore. </span></span></span></span>In <span class=\"_ _14\"></span>consi<span class=\"_ _3\"></span>derazione <span class=\"_ _14\"></span>dell\u2019attuale <span class=\"_ _14\"></span>sopra <span class=\"_ _7\"> </span>descritto <span class=\"_ _7\"></span>contesto, <span class=\"_ _14\"></span>si <span class=\"_ _7\"> </span>\u00e8 <span class=\"_ _7\"> </span>proceduto <span class=\"_ _14\"></span>ad <span class=\"_ _7\"> </span>assoggettare <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>test <span class=\"_ _7\"></span>di <span class=\"_ _8\"> </span><span class=\"ff26\">impairment </span>alcune immobilizzazioni immateriali a <span class=\"_ _6\"></span>vita utile <span class=\"_ _3\"></span>definita. <span class=\"_ _6\"></span>In <span class=\"_ _3\"></span>particolare,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span><span class=\"ff26\">impairment test <span class=\"_ _3\"></span></span>hanno <span class=\"_ _3\"></span>riguardato principalmente <span class=\"_ _2\"></span>le testate italiane e spagn<span class=\"_ _2\"></span>ole a vita util<span class=\"_ _2\"></span>e definita del Gr<span class=\"_ _2\"></span>uppo RCS. Dalle analisi svo<span class=\"_ _2\"></span>lte non son<span class=\"_ _2\"></span>o emerse eviden<span class=\"_ _2\"></span>ze di perdite di va<span class=\"_ _1\"></span>lore.<span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1081-2": {
   "value": "19. P<span class=\"_ _1\"></span>artec<span class=\"_ _1\"></span>ipazio<span class=\"_ _1\"></span>ni La voce, pa<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>i a Eu<span class=\"_ _2\"></span>ro 31,3 <span class=\"_ _2\"></span>milioni, <span class=\"_ _2\"></span>comprende l<span class=\"_ _2\"></span>e parteci<span class=\"_ _2\"></span>pazioni in <span class=\"_ _2\"></span>imprese co<span class=\"_ _2\"></span>llegate <span class=\"_ _2\"></span>e joint ve<span class=\"_ _2\"></span>nture (Eu<span class=\"_ _2\"></span>ro 25,9 milioni) e partec<span class=\"_ _2\"></span>ipazioni in <span class=\"_ _2\"></span>imprese che non <span class=\"_ _2\"></span>sono n\u00e9 di <span class=\"_ _2\"></span>controllo n\u00e9 di tr<span class=\"_ _2\"></span>ading (Euro 5,4 milioni). La<span class=\"ls0\"> composizione d<span class=\"_ _1\"></span>ella voce \u00e8 esposta nel p<span class=\"_ _2\"></span>rospetto ch<span class=\"_ _2\"></span>e seg<span class=\"_ _2\"></span>ue:<span class=\"_ _1\"></span> </span>D<span class=\"_ _2\"></span>es<span class=\"_ _6\"></span>cr<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>zi<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>eV<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>lore net<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> A<span class=\"_ _2\"></span>cq<span class=\"_ _16\"></span>ui<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>iz<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>,E<span class=\"_ _0\"></span>ff<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>tt<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> d<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _3\"></span>a E<span class=\"_ _0\"></span>ff<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>tt<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> d<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _3\"></span>a D<span class=\"_ _2\"></span>is<span class=\"_ _6\"></span>m<span class=\"_ _2\"></span>is<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>iD<span class=\"_ _2\"></span>iv<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>nd<span class=\"_ _16\"></span>i V<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>lore net<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> a<span class=\"_ _2\"></span>l a<span class=\"_ _2\"></span>um<span class=\"_ _16\"></span>enti v<span class=\"_ _0\"></span>alut<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>nev<span class=\"_ _0\"></span>alut<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>ne a<span class=\"_ _1\"></span> d<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>trib<span class=\"_ _16\"></span>ui<span class=\"_ _3\"></span>tia<span class=\"_ _2\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1cap<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>ociale con<span class=\"_ _1\"></span> i<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> m<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>d<span class=\"_ _16\"></span>o fa<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>r v<span class=\"_ _0\"></span>alue3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2e cop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tu<span class=\"_ _2\"></span>ra d<span class=\"_ _16\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _16\"></span>at<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ni<span class=\"_ _3\"></span>op<span class=\"_ _16\"></span>er<span class=\"_ _3\"></span>d<span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>tenett<span class=\"_ _1\"></span>oL<span class=\"_ _16\"></span>igu<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> P<span class=\"_ _2\"></span>res<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span> S.<span class=\"_ _2\"></span>r.<span class=\"_ _1\"></span>l.<span class=\"_ _22c\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,6<span class=\"_ _21b\"> </span>-<span class=\"_ _163\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,5</span>G<span class=\"_ _0\"></span>D Med<span class=\"_ _3\"></span>ia S<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rvice S<span class=\"_ _2\"></span>.r<span class=\"_ _1\"></span>.l<span class=\"_ _1\"></span>.<span class=\"_ _6c\"> </span><span class=\"fc1\">0,3<span class=\"_ _21b\"> </span>-<span class=\"_ _32\"> </span>0,<span class=\"_ _1\"></span>1<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,5</span>E<span class=\"_ _16\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>ela de co<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>a Tel<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>a S.<span class=\"_ _2\"></span>L<span class=\"_ _16\"></span>.<span class=\"_ _29\"> </span><span class=\"fc1\">0,<span class=\"_ _1\"></span>0<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,0</span>R<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span> S<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span> S<span class=\"_ _2\"></span>.A.<span class=\"_ _22d\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,2<span class=\"_ _21b\"> </span>-<span class=\"_ _32\"> </span>0,<span class=\"_ _2\"></span>0<span class=\"_ _152\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _1c2\"> </span>(<span class=\"_ _1\"></span>0,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,2</span>G<span class=\"_ _0\"></span>ru<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> B<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>nt<span class=\"_ _22e\"> </span><span class=\"fc1\">2<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>,4<span class=\"_ _10a\"> </span>-<span class=\"_ _62\"> </span>(3<span class=\"_ _2\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _1c2\"> </span>(<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>2)<span class=\"_ _158\"> </span>24<span class=\"_ _1\"></span>,6</span>Q<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>b<span class=\"_ _6\"></span>ee S.<span class=\"_ _2\"></span>r.<span class=\"_ _1\"></span>l.<span class=\"_ _22f\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,1<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,1</span>T<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>ale p<span class=\"_ _16\"></span>art<span class=\"_ _2\"></span>eci<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> in s<span class=\"_ _3\"></span>ocie<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _1\"></span> 2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,7<span class=\"_ _1a6\"> </span>-<span class=\"_ _165\"> </span>(3<span class=\"_ _3\"></span>,6)<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _a0\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,3)<span class=\"_ _63\"> </span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,9colle<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e j<span class=\"_ _1\"></span>oint <span class=\"_ _1\"></span>v<span class=\"_ _16\"></span>entu<span class=\"_ _2\"></span>resW<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>ee<span class=\"_ _3\"></span> Med<span class=\"_ _3\"></span>ia S<span class=\"_ _1\"></span>.L<span class=\"_ _215\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _2\"></span>,2</span>A<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>a Soc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>et<span class=\"_ _3\"></span>\u00e0 C<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>p<span class=\"_ _6\"></span>erativa<span class=\"_ _e4\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,6<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7b\"> </span>-<span class=\"_ _83\"> </span>0,<span class=\"_ _1\"></span>6</span>H<span class=\"_ _2\"></span>-F<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>rm<span class=\"_ _16\"></span> S<span class=\"_ _2\"></span>.p.A<span class=\"_ _3\"></span>.<span class=\"_ _230\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,2<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,2</span>D<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>g<span class=\"_ _3\"></span>ital <span class=\"_ _1\"></span>M<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ics<span class=\"_ _3\"></span> S.<span class=\"_ _2\"></span>p<span class=\"_ _3\"></span>.A.<span class=\"_ _231\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,1<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,1</span>Im<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>il<span class=\"_ _16\"></span>iare <span class=\"_ _2\"></span>E<span class=\"_ _16\"></span>d<span class=\"_ _6\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> G<span class=\"_ _0\"></span>iorna<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> S.<span class=\"_ _2\"></span>r.<span class=\"_ _1\"></span>l.<span class=\"_ _16b\"> </span><span class=\"fc1\">0,<span class=\"_ _2\"></span>4<span class=\"_ _10a\"> </span>-<span class=\"_ _21b\"> </span>-<span class=\"_ _79\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7b\"> </span>-<span class=\"_ _83\"> </span>0,<span class=\"_ _1\"></span>4</span>N<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> M<span class=\"_ _3\"></span>ark<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>Pl<span class=\"_ _1\"></span>ac<span class=\"_ _3\"></span>e S.L<span class=\"_ _16\"></span>.<span class=\"_ _122\"> </span><span class=\"fc1\">0,4<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7b\"> </span>-<span class=\"_ _83\"> </span>0,<span class=\"_ _2\"></span>4</span>B<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>y<span class=\"_ _6\"></span>f<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span> S.<span class=\"_ _2\"></span>r.<span class=\"_ _1\"></span>l.<span class=\"_ _232\"> </span><span class=\"fc1\">-<span class=\"_ _32\"> </span>3,<span class=\"_ _1\"></span>0<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>3<span class=\"_ _1\"></span>,0</span>C<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>fr<span class=\"_ _1\"></span>iel<span class=\"_ _1\"></span> S.<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>.a r<span class=\"_ _1\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _233\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,3<span class=\"_ _21b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _83\"> </span>0<span class=\"_ _1\"></span>,3</span>A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre m<span class=\"_ _16\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _84\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7b\"> </span>-<span class=\"_ _83\"> </span>0,<span class=\"_ _2\"></span>2</span>T<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>ale a<span class=\"_ _2\"></span>ltri<span class=\"_ _3\"></span> s<span class=\"_ _6\"></span>t<span class=\"_ _2\"></span>rum<span class=\"_ _1\"></span>enti d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> cap<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _18a\"> </span>2<span class=\"_ _3\"></span>,4<span class=\"_ _157\"> </span>3<span class=\"_ _3\"></span>,0<span class=\"_ _1a6\"> </span>-<span class=\"_ _152\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _76\"> </span>5<span class=\"_ _3\"></span>,4T<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>ale p<span class=\"_ _16\"></span>art<span class=\"_ _2\"></span>eci<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _ef\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _6\"></span>,2<span class=\"_ _15c\"> </span>3<span class=\"_ _3\"></span>,0<span class=\"_ _83\"> </span>(<span class=\"_ _2\"></span>3<span class=\"_ _3\"></span>,6)<span class=\"_ _89\"> </span>-<span class=\"_ _89\"> </span>-<span class=\"_ _a0\"> </span>(<span class=\"_ _1\"></span>0<span class=\"_ _6\"></span>,3)<span class=\"_ _63\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,3Nella <span class=\"_ _2\"></span>voce <span class=\"_ _1\"></span>sono incluse <span class=\"_ _1\"></span>principalmente <span class=\"_ _1\"></span>le partec<span class=\"_ _2\"></span>ipazioni <span class=\"_ _1\"></span>d<span class=\"_ _3\"></span>el Grup<span class=\"_ _2\"></span>po <span class=\"_ _2\"></span>RCS <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>n C<span class=\"_ _2\"></span>orporac<span class=\"_ _2\"></span>ion Be<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>mont <span class=\"_ _1\"></span>(Euro 24,6 milioni), societ\u00e0 <span class=\"_ _3\"></span>spagnola che <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>occupa della st<span class=\"_ _3\"></span>ampa di <span class=\"_ _3\"></span>quotidiani, periodici e<span class=\"_ _3\"></span> altri prodotti editoriali nonch<span class=\"_ _2\"></span>\u00e9 della di<span class=\"_ _2\"></span>stribuzione, <span class=\"_ _1\"></span>commercializzazione, <span class=\"_ _1\"></span>vendita e promozione di q<span class=\"_ _2\"></span>ualsiasi tipo d<span class=\"_ _2\"></span>i stampa periodica.<span class=\"_ _2\"></span> Tali attivit\u00e0 sono valutate a<span class=\"_ _2\"></span>l <span class=\"ff26\">fair value </span>con livello gerarchico 1 (Euro 0,3 milioni) e livel<span class=\"_ _2\"></span>lo gerarchico 3 (Euro<span class=\"_ _2\"></span> 5,1 <span class=\"ff24\">milioni) ai sens<span class=\"_ _2\"></span>i dell\u2019IFRS 7.<span class=\"ff21\"> </span></span>Le<span class=\"ls0\"> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>rt<span class=\"_ _1\"></span>ec<span class=\"_ _2\"></span>ip<span class=\"_ _1\"></span>az<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _3\"></span><span class=\"ls4e\">le</span> <span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>ali <span class=\"ls1\">non</span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>di<span class=\"_ _2\"></span>sp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ib<span class=\"_ _2\"></span>il<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span><span class=\"ls4e\">il</span> <span class=\"_ _3\"></span><span class=\"ff26\">fai<span class=\"_ _1\"></span>r <span class=\"_ _3\"></span>va<span class=\"_ _1\"></span>lue<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff21\">so<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>is<span class=\"_ _1\"></span>cri<span class=\"_ _1\"></span>tte<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls49\">al</span> <span class=\"_ _6\"></span>co<span class=\"_ _1\"></span>st<span class=\"_ _2\"></span>o ev<span class=\"_ _1\"></span>ent<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>svalutato <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>le </span></span></span>perdite di valore. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1089-2": {
   "value": "Gli <span class=\"_ _16\"></span>altri <span class=\"_ _16\"></span>strumenti <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>capitale, <span class=\"_ _0\"></span>ovvero <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>t<span class=\"_ _3\"></span>itoli <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _16\"></span>partecipazion<span class=\"_ _2\"></span>i <span class=\"_ _16\"></span>che <span class=\"_ _16\"></span>non <span class=\"_ _16\"></span>sono <span class=\"_ _16\"></span>n\u00e9 <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _16\"></span>controllo, <span class=\"_ _1\"></span>n\u00e9 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>collegamento, </span></span></span></span></span></span>n\u00e9 di trading ammontano a Euro 5,4 milioni in incremento di Euro 3 milioni ri<span class=\"_ _3\"></span>spetto al 31 dicembre 2021 per l\u2019acquisto di una qu<span class=\"_ _2\"></span>ota di partecipaz<span class=\"_ _2\"></span>ione del 7% nella <span class=\"ff26\">startup</span> d<span class=\"_ _2\"></span>ell'home fitnes<span class=\"_ _2\"></span>s Buddyfit S.r.l. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1096-2": {
   "value": "20. Cr<span class=\"_ _1\"></span>edit<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nziar<span class=\"_ _2\"></span>i n<span class=\"_ _2\"></span>on c<span class=\"_ _1\"></span>orre<span class=\"_ _2\"></span>nti <span class=\"_ _1\"></span>e cor<span class=\"_ _2\"></span>ren<span class=\"_ _2\"></span>ti I <span class=\"_ _2\"></span>crediti <span class=\"_ _1\"></span>e <span class=\"ls17\">le</span> <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"ls7\">di</span> <span class=\"_ _1\"></span>natura fina<span class=\"_ _2\"></span>nziaria <span class=\"_ _1\"></span>ammontano <span class=\"_ _1\"></span>complessivamente <span class=\"_ _2\"></span><span class=\"ls3\">ad<span class=\"ls0\"> Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>3,1 <span class=\"_ _1\"></span>milioni (Euro <span class=\"_ _8\"></span>0,6 <span class=\"_ _7\"></span>milioni </span></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2021<span class=\"ls5\">),</span> <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>1,2 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>correnti <span class=\"_ _7\"></span>(Euro <span class=\"_ _7\"></span><span class=\"ls1\">0,3 </span>milioni a<span class=\"_ _2\"></span>l 31 dicembre <span class=\"ls7\">202</span>1<span class=\"_ _2\"></span>). I crediti finanzia<span class=\"_ _2\"></span>ri correnti sono pa<span class=\"_ _2\"></span>ri a Euro 1 milione (Euro <span class=\"_ _2\"></span>0,2 milioni a<span class=\"_ _2\"></span>l 31 dicembr<span class=\"_ _2\"></span>e <span class=\"ls7\">202</span>1<span class=\"ls8\">).</span> 21<span class=\"ls0\">.<span class=\"fc0\"> A<span class=\"_ _1\"></span>ltre <span class=\"_ _2\"></span>att<span class=\"_ _2\"></span>iv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _1\"></span>non c<span class=\"_ _1\"></span>orrent<span class=\"_ _1\"></span>i </span></span>Le altre attivit\u00e0 no<span class=\"_ _2\"></span>n correnti, pari <span class=\"_ _2\"></span>ad Euro 4,3 milioni <span class=\"_ _2\"></span>al 31 dicemb<span class=\"_ _2\"></span>re 2022, includono depo<span class=\"_ _1\"></span>siti<span class=\"_ _3\"></span> cauzion<span class=\"_ _2\"></span>ali e bancari e credit<span class=\"_ _2\"></span>i verso l\u2019erario a lun<span class=\"_ _2\"></span>go termine. 26. Cr<span class=\"_ _1\"></span>edit<span class=\"_ _1\"></span>i diver<span class=\"_ _1\"></span>si e<span class=\"_ _2\"></span>d a<span class=\"_ _1\"></span>ltre at<span class=\"_ _1\"></span>tivit<span class=\"_ _1\"></span>\u00e0 corr<span class=\"_ _2\"></span>ent<span class=\"_ _1\"></span>i La composizione d<span class=\"_ _2\"></span>ella voce pu\u00f2 e<span class=\"_ _2\"></span>ssere cos\u00ec de<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>agl<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _157\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _1\"></span>ioneCredi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> verso Erari<span class=\"_ _16\"></span>o2<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _ae\"> </span>2<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>8<span class=\"_ _23c\"> </span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>stato<span class=\"_ _cb\"> </span><span class=\"fc1\">22<span class=\"_ _1\"></span>,8<span class=\"_ _2a\"> </span>5,<span class=\"_ _16\"></span>7<span class=\"_ _a7\"> </span>17<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1</span>Ratei<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _21c\"> </span>8,<span class=\"_ _1\"></span>0<span class=\"_ _1ad\"> </span>1,<span class=\"_ _1\"></span>0Ant<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>pi<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _2\"></span>rn<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _ae\"> </span>1<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>8<span class=\"_ _b0\"> </span>(0,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)Al<span class=\"_ _16\"></span>tri<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>redi<span class=\"_ _16\"></span>ti8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _21c\"> </span>8,<span class=\"_ _1\"></span>0<span class=\"_ _1ad\"> </span>0,<span class=\"_ _1\"></span>8Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti dive<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>i e<span class=\"_ _14\"></span>d<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> att<span class=\"_ _2\"></span>ivit\u00e0<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>ti86<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _b0\"> </span>6<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _ab\"> </span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,9I cred<span class=\"_ _1\"></span>iti dive<span class=\"_ _2\"></span>rsi<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e alt<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>att<span class=\"_ _2\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>cor<span class=\"_ _2\"></span>ren<span class=\"_ _1\"></span>ti pari a Euro<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls7\">86</span>,2 mili<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span> pres<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>a<span class=\"ls7\">no</span> <span class=\"ls7\">un</span> incre<span class=\"_ _1\"></span>mento<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>24,9 <span class=\"_ _6\"></span>milioni rispetto <span class=\"_ _2\"></span>al 31<span class=\"_ _2\"></span> dice<span class=\"_ _2\"></span>mbre 2021. <span class=\"_ _2\"></span>La <span class=\"_ _2\"></span>variazione <span class=\"_ _2\"></span>\u00e8 de<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>erminata <span class=\"_ _1\"></span>principalmente da <span class=\"_ _1\"></span>maggiori crediti <span class=\"_ _1\"></span>verso erario <span class=\"_ _2\"></span>e da<span class=\"_ _1\"></span> maggiori crediti p<span class=\"_ _2\"></span>er contributi sta<span class=\"_ _2\"></span>tali <span class=\"ff24\">come descritto ne<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>la Nota 2 \u201cAltr<span class=\"_ _2\"></span>i ricavi e provent<span class=\"_ _2\"></span>i\u201d<span class=\"ff21\">. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1096-3": {
   "value": "20. Cr<span class=\"_ _1\"></span>edit<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nziar<span class=\"_ _2\"></span>i n<span class=\"_ _2\"></span>on c<span class=\"_ _1\"></span>orre<span class=\"_ _2\"></span>nti <span class=\"_ _1\"></span>e cor<span class=\"_ _2\"></span>ren<span class=\"_ _2\"></span>ti I <span class=\"_ _2\"></span>crediti <span class=\"_ _1\"></span>e <span class=\"ls17\">le</span> <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"ls7\">di</span> <span class=\"_ _1\"></span>natura fina<span class=\"_ _2\"></span>nziaria <span class=\"_ _1\"></span>ammontano <span class=\"_ _1\"></span>complessivamente <span class=\"_ _2\"></span><span class=\"ls3\">ad<span class=\"ls0\"> Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>3,1 <span class=\"_ _1\"></span>milioni (Euro <span class=\"_ _8\"></span>0,6 <span class=\"_ _7\"></span>milioni </span></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2021<span class=\"ls5\">),</span> <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>cui <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>1,2 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>correnti <span class=\"_ _7\"></span>(Euro <span class=\"_ _7\"></span><span class=\"ls1\">0,3 </span>milioni a<span class=\"_ _2\"></span>l 31 dicembre <span class=\"ls7\">202</span>1<span class=\"_ _2\"></span>). 21<span class=\"ls0\">.<span class=\"fc0\"> A<span class=\"_ _1\"></span>ltre <span class=\"_ _2\"></span>att<span class=\"_ _2\"></span>iv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _1\"></span>non c<span class=\"_ _1\"></span>orrent<span class=\"_ _1\"></span>i </span></span>Le altre attivit\u00e0 no<span class=\"_ _2\"></span>n correnti, pari <span class=\"_ _2\"></span>ad Euro 4,3 milioni <span class=\"_ _2\"></span>al 31 dicemb<span class=\"_ _2\"></span>re 2022, includono depo<span class=\"_ _1\"></span>siti<span class=\"_ _3\"></span> cauzion<span class=\"_ _2\"></span>ali e bancari e credit<span class=\"_ _2\"></span>i verso l\u2019erario a lun<span class=\"_ _2\"></span>go termine. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1099-2": {
   "value": "Tali <span class=\"_ _7\"></span>importi <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>ncludono<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>anche <span class=\"_ _7\"></span>le <span class=\"_ _8\"></span>attivit\u00e0 <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>strumenti <span class=\"_ _8\"></span>derivati <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>complessivi <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>1,3 milioni, <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cui <span class=\"_ _14\"></span>0,4 milioni <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>correnti. <span class=\"_ _6\"></span>Per <span class=\"_ _6\"></span><span class=\"ls7\">un</span> <span class=\"_ _14\"></span>commento <span class=\"_ _6\"></span><span class=\"ls4a\">si</span> <span class=\"_ _6\"></span>rimanda <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>successiva <span class=\"_ _6\"></span>no<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>n. <span class=\"ls1\">34.</span> <span class=\"ff21 fs2 fc0\">Nel <span class=\"_ _3\"></span>2021, <span class=\"_ _3\"></span>era <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>inclusa <span class=\"_ _3\"></span>nella <span class=\"_ _3\"></span>voce<span class=\"ls7\">, <span class=\"_ _3\"></span></span>per <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>0,4 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>quota <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>breve t<span class=\"_ _3\"></span>ermine di <span class=\"_ _3\"></span>strumenti f<span class=\"_ _3\"></span>inanziari </span>derivati iscritti a<span class=\"_ _2\"></span>l <span class=\"ff26\">fair value <span class=\"ff24\">con live<span class=\"_ _2\"></span>llo gerarchico 2 a<span class=\"_ _2\"></span>i sensi dell\u2019I<span class=\"_ _2\"></span>FRS 7.<span class=\"ff21\"> </span></span></span>Di <span class=\"_ _12\"> </span>seguito <span class=\"_ _12\"> </span>si <span class=\"_ _12\"> </span>riportano <span class=\"_ _12\"> </span>le <span class=\"_ _12\"> </span>principali <span class=\"_ _12\"> </span>tipologie <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>strumenti <span class=\"_ _12\"> </span>finanziari <span class=\"_ _15\"> </span>derivati, <span class=\"_ _12\"> </span>evidenziando <span class=\"_ _15\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>finalit\u00e0 <span class=\"_ _15\"> </span>di copertura o <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> nego<span class=\"_ _2\"></span>ziazione <span class=\"_ _1\"></span>per<span class=\"_ _3\"></span> <span class=\"ls6\">le<span class=\"_ _2\"></span><span class=\"ls0\"> qua<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i s<span class=\"_ _2\"></span>ono st<span class=\"_ _2\"></span>ati sot<span class=\"_ _2\"></span>toscritti <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> re<span class=\"_ _2\"></span>lativi co<span class=\"_ _1\"></span>ntra<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>i.<span class=\"_ _2\"></span> </span></span></span></span>De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span><span class=\"fc2 sc0\"> </span><span class=\"fc2 sc0\"> </span><span class=\"_ _3\"></span><span class=\"fc2 sc0\"> </span><span class=\"fc2 sc0\"> </span><span class=\"_ _3\"></span><span class=\"fc2 sc0\"> </span><span class=\"fc2 sc0\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _6\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>23<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _6\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Attivit\u00e0Pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0Attivit\u00e0Pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Ca<span class=\"_ _3\"></span>p p<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>r c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4- <span class=\"_ _2e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1-No<span class=\"_ _3\"></span>n co<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>nti0<span class=\"_ _3\"></span>,4-<span class=\"_ _8e\"> </span><span class=\"ff23\">0<span class=\"_ _6\"></span>,1<span class=\"_ _248\"> </span></span> <span class=\"_ _15e\"> </span>-In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Ca<span class=\"_ _3\"></span>p p<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>r c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2- <span class=\"_ _1f7\"> </span>--In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Swap p<span class=\"_ _2\"></span>er <span class=\"_ _3\"></span>cop<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>fl<span class=\"_ _16\"></span>ussi<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssa0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7- <span class=\"_ _1f7\"> </span>-(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>)Fo<span class=\"_ _1\"></span>rwa<span class=\"_ _3\"></span>rd<span class=\"_ _2\"></span> Fo<span class=\"_ _1\"></span>re<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>gn<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Ex<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>han<span class=\"_ _1\"></span>ge Con<span class=\"_ _1\"></span>trac<span class=\"_ _3\"></span>t per c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>ertu<span class=\"_ _2\"></span>ra --<span class=\"_ _15c\"> </span> <span class=\"_ _15f\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"fc2 sc0\">-</span>-ri<span class=\"_ _16\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>o ca<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>oCo<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nti0<span class=\"_ _3\"></span>,9-<span class=\"_ _19\"> </span><span class=\"ff23 fc1\"> <span class=\"_ _b1\"> </span>0,<span class=\"_ _3\"></span>1<span class=\"_ _f\"> </span> <span class=\"_ _249\"> </span>(0<span class=\"_ _3\"></span>,4<span class=\"_ _3\"></span>)</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le1<span class=\"_ _3\"></span>,3- <span class=\"_ _b1\"> </span><span class=\"ff23\">0,2<span class=\"_ _4\"> </span> <span class=\"_ _249\"> </span>(0,4<span class=\"_ _6\"></span>)</span>La quota corrente delle attivit\u00e0 finanziarie per derivati ammonta a <span class=\"_ _3\"></span>Euro 0,9 milioni. La copertura dei flussi <span class=\"_ _3\"></span>di cassa <span class=\"_\"> </span>a<span class=\"_ _2\"></span>mmonta <span class=\"_\"> </span>a <span class=\"_ _11\"> </span>Euro <span class=\"_\"> </span>0,7 <span class=\"_\"> </span>milioni <span class=\"_ _11\"> </span>(negativa <span class=\"_\"> </span>p<span class=\"_ _2\"></span>er <span class=\"_\"> </span>Euro <span class=\"_ _11\"> </span>0,4 <span class=\"_\"> </span>milioni <span class=\"_\"> </span>a<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span> <span class=\"_\"> </span>31 <span class=\"_\"> </span>d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>cembre <span class=\"_\"> </span>202<span class=\"_ _1\"></span>1), <span class=\"_\"> </span>la <span class=\"_\"> </span>copertur<span class=\"_ _2\"></span>a dell\u2019esposizione <span class=\"_ _2\"></span>al rischio di t<span class=\"_ _2\"></span>asso <span class=\"ff21\">ammonta a Euro 0,<span class=\"_ _2\"></span>2 milioni. </span>La quota non corren<span class=\"_ _2\"></span>te per derivati a <span class=\"_ _2\"></span>copertura del<span class=\"_ _2\"></span>l\u2019esposizione<span class=\"ff21\"> al rischio d<span class=\"_ _2\"></span>i tasso ammonta a Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o 0,4 milion<span class=\"_ _2\"></span>i </span>(Euro 0,1 milioni a<span class=\"_ _2\"></span>l 31 dice<span class=\"_ _2\"></span>mbre 2021). Nel 2021 <span class=\"_ _3\"></span>le p<span class=\"_ _2\"></span>assivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>derivanti <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>valutazione <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>rumenti <span class=\"_ _1\"></span>derivati <span class=\"_ _1\"></span>a c<span class=\"_ _1\"></span>opertura de<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>flussi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cassa erano negative per Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o 0,4 milioni. Il<span class=\"ls0\"> <span class=\"_ _1\"></span>provento <span class=\"_ _1\"></span>netto <span class=\"_ _1\"></span>derivante <span class=\"_ _16\"></span>dalla <span class=\"_ _1\"></span>valutazione <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>t<span class=\"_ _3\"></span>ali <span class=\"_ _1\"></span>strumenti <span class=\"_ _16\"></span>derivati <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value, <span class=\"_ _16\"></span><span class=\"ff21\">iscritta <span class=\"_ _1\"></span>nel <span class=\"_ _3\"></span>conto economico </span></span></span></span></span>complessivo, am<span class=\"_ _2\"></span>monta nel 2022 ad Eu<span class=\"_ _2\"></span>ro 1,5 <span class=\"ff24\">milion<span class=\"_ _2\"></span>i al lordo dell<span class=\"_ _2\"></span>\u2019effetto fiscale <span class=\"_ _2\"></span>(Euro 0,<span class=\"ff21\">7 milioni ne<span class=\"_ _2\"></span>l 2021<span class=\"ls5\">).</span> </span></span>I <span class=\"_ _6\"></span>contratti <span class=\"_ _6\"></span>stipulati <span class=\"_ _6\"></span>da <span class=\"_ _14\"></span>RCS <span class=\"_ _6\"></span>MediaGroup, <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>riferiscono <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span><span class=\"ff26\">Interest <span class=\"_ _6\"></span>Rate <span class=\"_ _14\"></span>Swap</span>, <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>copertura <span class=\"_ _14\"></span><span class=\"ff24\">de<span class=\"_ _2\"></span>ll\u2019<span class=\"_ _1\"></span>espos<span class=\"_ _1\"></span>izion<span class=\"_ _1\"></span>e<span class=\"ff21\"> <span class=\"ls49\">al<span class=\"_ _3\"></span></span> </span></span>risc<span class=\"_ _1\"></span>hio <span class=\"_ _1\"></span><span class=\"ls1\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>sso<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>deb<span class=\"_ _1\"></span>ito <span class=\"_ _16\"></span>a <span class=\"_ _1\"></span>brev<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>med<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>lung<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>ter<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>ne. Nel corso <span class=\"ff24\">del<span class=\"_ _2\"></span>l\u2019anno<span class=\"ff21\"> per RCS non sono stati stipulati </span></span></span></span>nuovi contratti d<span class=\"_ _2\"></span>i copertura sui <span class=\"_ _2\"></span>tassi di interesse. L\u2019ammontare <span class=\"_ _6\"></span>nozionale <span class=\"_ _3\"></span>degli <span class=\"_ _14\"></span><span class=\"ff26\">Interest <span class=\"_ _6\"></span>Rate <span class=\"_ _6\"></span>Swap <span class=\"_ _14\"></span><span class=\"ff21\">al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2022, <span class=\"_ _14\"></span>interamente <span class=\"_ _6\"></span>riconducibi<span class=\"_ _2\"></span>li <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>Gruppo<span class=\"_ _2\"></span> </span></span>RCS, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _14\"></span>20 <span class=\"_ _6\"></span>milioni <span class=\"_ _3\"></span>(Euro <span class=\"_ _14\"></span>60 <span class=\"_ _3\"></span>milioni <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _3\"></span>2021) <span class=\"_ _14\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>fisso <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>edio <span class=\"_ _6\"></span>contrattua<span class=\"_ _2\"></span>le degli <span class=\"_ _16\"></span><span class=\"ff26\">I<span class=\"_ _3\"></span>nterest <span class=\"_ _16\"></span>Rate <span class=\"_ _1\"></span>Swap <span class=\"_ _1\"></span><span class=\"ff24\">dell\u20190,25% <span class=\"_ _16\"></span>(0,102% <span class=\"_ _1\"></span>l\u2019anno <span class=\"_ _16\"></span>precedente). <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>parametro<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>riferimento <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span>variabile </span></span>\u00e8 l\u2019Euribor a tre <span class=\"_ _2\"></span>mesi. L\u2019ammontare <span class=\"_ _11\"> </span>nozionale <span class=\"_ _12\"> </span>degli <span class=\"_\"> </span><span class=\"ff26\">Interest <span class=\"_ _12\"> </span>Rate</span> <span class=\"_\"> </span><span class=\"ff26\">Cap</span> <span class=\"_ _12\"> </span><span class=\"ls4\">al</span> <span class=\"_ _11\"> </span>31 <span class=\"_\"> </span>dicemb<span class=\"_ _2\"></span>re <span class=\"_ _11\"> </span>2022, <span class=\"_ _11\"> </span>a <span class=\"_\"> </span>cop<span class=\"_ _2\"></span>ertura <span class=\"_ _11\"> </span>del <span class=\"_\"> </span>r<span class=\"_ _2\"></span>ischio <span class=\"_\"> </span>t<span class=\"_ _3\"></span>asso <span class=\"_ _10\"> </span>su finanziamenti riconducibili a <span class=\"_ _3\"></span>Cairo Communication S.p.a. e <span class=\"_ _3\"></span>Cairo Editore S.p.a., <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>pari a <span class=\"_ _3\"></span>Euro 20 <span class=\"_ _3\"></span>milioni con <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>tasso <span class=\"_ _3\"></span>limite <span class=\"_ _6\"></span>dello <span class=\"_ _14\"></span>-<span class=\"ff24\">0<span class=\"_ _2\"></span>,25%; <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>parametro <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>tasso <span class=\"_ _3\"></span>variabile <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>all\u2019Euribo<span class=\"ff21\">r <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>tre <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sei </span></span>mesi. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneV<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lor<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> Pa<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>tr<span class=\"_ _1\"></span>oTa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>o0<span class=\"_ _3\"></span>-6<span class=\"_ _3\"></span> me<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i6<span class=\"_ _3\"></span> me<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i1<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _1\"></span>ni2<span class=\"_ _3\"></span>-5<span class=\"_ _3\"></span> an<span class=\"_ _1\"></span>niOltr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> i 5noz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>le<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _2\"></span> - 1<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>nnoa<span class=\"_ _1\"></span>nnie<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>re<span class=\"_ _6\"></span> (mi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>\u20ac<span class=\"_ _3\"></span>)IRS<span class=\"_ _de\"> </span><span class=\"ff29\">2<span class=\"_ _1\"></span>0,0<span class=\"_ _113\"> </span>-0,2<span class=\"_ _1\"></span>5%<span class=\"_ _ae\"> </span>(20<span class=\"_ _1\"></span>,0)<span class=\"_ _163\"> </span>-<span class=\"_ _29\"> </span><span class=\"ff21\">-</span></span>Eu<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>bo<span class=\"_ _1\"></span>r <span class=\"_ _3\"></span>3<span class=\"_ _2\"></span> M--CAP<span class=\"_ _24a\"> </span><span class=\"ff29\">20<span class=\"_ _1\"></span>,0<span class=\"_ _82\"> </span>-0,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>5%<span class=\"_ _ae\"> </span>(10<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _210\"> </span>(1<span class=\"_ _2\"></span>0,<span class=\"_ _1\"></span>0)<span class=\"_ _238\"> </span><span class=\"ff21\">-</span></span>Eu<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>bo<span class=\"_ _1\"></span>r <span class=\"_ _3\"></span>3<span class=\"_ _2\"></span>-6<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>M--Totale<span class=\"_ _27\"> </span><span class=\"ff2a\">4<span class=\"_ _1\"></span>0,0</span>-Gli s<span class=\"_ _2\"></span>trumenti <span class=\"_ _1\"></span>sopra indicat<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>elativi <span class=\"_ _1\"></span>alla copertu<span class=\"_ _2\"></span>ra de<span class=\"_ _2\"></span>ll\u2019esposizion<span class=\"ff21\">e de<span class=\"_ _2\"></span>l r<span class=\"_ _2\"></span>ischio <span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>asso <span class=\"_ _1\"></span>di interesse <span class=\"_ _1\"></span>e del <span class=\"_ _1\"></span>rischio <span class=\"_ _2\"></span>di </span>cambio, sono sta<span class=\"_ _2\"></span>ti negoziati<span class=\"_ _2\"></span> con finalit\u00e0 di c<span class=\"_ _2\"></span>opertura. Gli <span class=\"_ _f\"> </span>strumenti <span class=\"_ _4\"> </span>deriva<span class=\"_ _2\"></span>ti <span class=\"_ _4\"> </span>di<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>copertura <span class=\"_ _4\"> </span>del <span class=\"_ _f\"> </span>rischio <span class=\"_ _f\"> </span>tasso <span class=\"_ _4\"> </span>d\u2019interesse, <span class=\"_ _10\"> </span>in <span class=\"_ _4\"> </span>coerenza <span class=\"_ _f\"> </span>con <span class=\"_ _4\"> </span>i <span class=\"_ _f\"> </span>principi <span class=\"_ _f\"> </span>contabili internazionali, <span class=\"_ _7\"></span>sono <span class=\"_ _15\"></span>stati <span class=\"_ _8\"></span>sottoposti <span class=\"_ _8\"></span>ai <span class=\"_ _15\"></span>cosiddetti <span class=\"_ _7\"></span>test <span class=\"_ _15\"></span>di <span class=\"_ _15\"></span>efficaci<span class=\"_ _2\"></span>a <span class=\"_ _8\"></span>(pros<span class=\"_ _3\"></span>pettici <span class=\"_ _15\"></span>e <span class=\"_ _8\"></span>retrospettivi) <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>verificare l\u2019aderenza<span class=\"ff21\"> degli stessi agli specifici requisiti richiesti dai principi <span class=\"_ _3\"></span>contabili i<span class=\"_ _3\"></span>nternazion<span class=\"_ _2\"></span>ali <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>operazioni <span class=\"_ _3\"></span>di </span>copertura. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneTip<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>lo<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>di Ris<span class=\"_ _6\"></span>chio Fa<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>ue<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>   <span class=\"_ _3\"></span>  V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>neIm<span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>tto<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span>vato a co<span class=\"_ _3\"></span>nto co<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ae<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomi<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ivo <span class=\"_ _eb\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _248\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Co<span class=\"_ _1\"></span>pertu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> P<span class=\"_ _6\"></span>FN<span class=\"_ _19c\"> </span>IRS<span class=\"_ _185\"> </span>0<span class=\"_ _1\"></span>,7<span class=\"_ _228\"> </span>(0,<span class=\"_ _16\"></span>4)Ri<span class=\"_ _16\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>o tasso1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>11<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1i<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span>ere<span class=\"_ _3\"></span>sseCo<span class=\"_ _1\"></span>pertu<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span> CAP<span class=\"_ _e8\"> </span>0<span class=\"_ _1\"></span>,6<span class=\"_ _7b\"> </span>0<span class=\"_ _1\"></span>,1Ri<span class=\"_ _16\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>o tasso0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>50<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4fi<span class=\"_ _16\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>am<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>ii<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span>ere<span class=\"_ _3\"></span>sseTotale<span class=\"_ _24b\"> </span>1<span class=\"_ _3\"></span>,3<span class=\"_ _63\"> </span>(0,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)-1<span class=\"_ _3\"></span>,61<span class=\"_ _3\"></span>,5",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1101-2": {
   "value": "Il <span class=\"_ _5\"> </span><span class=\"ff26\">fair <span class=\"_ _5\"> </span>value</span> <span class=\"_ _5\"> </span>dei <span class=\"_ _5\"> </span>finanziamen<span class=\"_ _2\"></span>ti <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>lungo <span class=\"_ _5\"> </span>termine <span class=\"_ _4\"> </span>verso <span class=\"_ _5\"> </span>terzi <span class=\"_ _5\"> </span>\u00e8 <span class=\"_ _5\"> </span>stimato <span class=\"_ _5\"> </span>sulla <span class=\"_ _4\"> </span><span class=\"ff24\">base dell\u2019attualizzazione<span class=\"_ _2\"></span> </span>dei flussi di cas<span class=\"_ _2\"></span>sa futuri al t<span class=\"_ _2\"></span>asso di merca<span class=\"_ _2\"></span>to. Di seguito si r<span class=\"_ _2\"></span>iporta il confronto <span class=\"_ _2\"></span>tra il valore contabile ed i<span class=\"_ _2\"></span>l <span class=\"ff26\">fair valu<span class=\"_ _1\"></span>e<span class=\"ff21\">: </span></span>De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>23<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lor<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>nta<span class=\"_ _1\"></span>bile<span class=\"_ _a\"> </span>Fa<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ue<span class=\"_ _63\"> </span>V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e<span class=\"_ _234\"> </span>Fa<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>lu<span class=\"_ _1\"></span>eFi<span class=\"_ _0\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span> term<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ne verso<span class=\"_ _2\"></span> terz<span class=\"_ _2\"></span>i<span class=\"_ _235\"> </span>0<span class=\"_ _1\"></span>,8<span class=\"_ _7d\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _137\"> </span>0,<span class=\"_ _1\"></span>2<span class=\"_ _1ff\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2Fo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>o sval<span class=\"_ _16\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _236\"> </span>-<span class=\"_ _191\"> </span>-<span class=\"_ _ef\"> </span>-<span class=\"_ _191\"> </span>-Fi<span class=\"_ _0\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span> term<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ne verso<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _1b9\"> </span>-<span class=\"_ _e2\"> </span>-<span class=\"_ _ef\"> </span>-<span class=\"_ _191\"> </span>-Fo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>o sval<span class=\"_ _16\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span> verso<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _72\"> </span>-<span class=\"_ _191\"> </span>-<span class=\"_ _ef\"> </span>-<span class=\"_ _191\"> </span>-Totale<span class=\"_ _237\"> </span>0<span class=\"_ _3\"></span>,8<span class=\"_ _62\"> </span>0<span class=\"_ _6\"></span>,8<span class=\"_ _46\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _62\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1105-3": {
   "value": "I crediti finanzia<span class=\"_ _2\"></span>ri correnti sono pa<span class=\"_ _2\"></span>ri a Euro 1 milione (Euro <span class=\"_ _2\"></span>0,2 milioni a<span class=\"_ _2\"></span>l 31 dicembr<span class=\"_ _2\"></span>e <span class=\"ls7\">202</span>1<span class=\"ls8\">).</span> 26. Cr<span class=\"_ _1\"></span>edit<span class=\"_ _1\"></span>i diver<span class=\"_ _1\"></span>si e<span class=\"_ _2\"></span>d a<span class=\"_ _1\"></span>ltre at<span class=\"_ _1\"></span>tivit<span class=\"_ _1\"></span>\u00e0 corr<span class=\"_ _2\"></span>ent<span class=\"_ _1\"></span>i La composizione d<span class=\"_ _2\"></span>ella voce pu\u00f2 e<span class=\"_ _2\"></span>ssere cos\u00ec de<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>agl<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _157\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _1\"></span>ioneCredi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> verso Erari<span class=\"_ _16\"></span>o2<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _ae\"> </span>2<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>8<span class=\"_ _23c\"> </span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>stato<span class=\"_ _cb\"> </span><span class=\"fc1\">22<span class=\"_ _1\"></span>,8<span class=\"_ _2a\"> </span>5,<span class=\"_ _16\"></span>7<span class=\"_ _a7\"> </span>17<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1</span>Ratei<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _21c\"> </span>8,<span class=\"_ _1\"></span>0<span class=\"_ _1ad\"> </span>1,<span class=\"_ _1\"></span>0Ant<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>pi<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _2\"></span>rn<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _ae\"> </span>1<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>8<span class=\"_ _b0\"> </span>(0,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)Al<span class=\"_ _16\"></span>tri<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>redi<span class=\"_ _16\"></span>ti8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _21c\"> </span>8,<span class=\"_ _1\"></span>0<span class=\"_ _1ad\"> </span>0,<span class=\"_ _1\"></span>8Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti dive<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>i e<span class=\"_ _14\"></span>d<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> att<span class=\"_ _2\"></span>ivit\u00e0<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>ti86<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _b0\"> </span>6<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _ab\"> </span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,9I cred<span class=\"_ _1\"></span>iti dive<span class=\"_ _2\"></span>rsi<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e alt<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>att<span class=\"_ _2\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>cor<span class=\"_ _2\"></span>ren<span class=\"_ _1\"></span>ti pari a Euro<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls7\">86</span>,2 mili<span class=\"_ _2\"></span>oni<span class=\"_ _2\"></span> pres<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>a<span class=\"ls7\">no</span> <span class=\"ls7\">un</span> incre<span class=\"_ _1\"></span>mento<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>24,9 <span class=\"_ _6\"></span>milioni rispetto <span class=\"_ _2\"></span>al 31<span class=\"_ _2\"></span> dice<span class=\"_ _2\"></span>mbre 2021. <span class=\"_ _2\"></span>La <span class=\"_ _2\"></span>variazione <span class=\"_ _2\"></span>\u00e8 de<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>erminata <span class=\"_ _1\"></span>principalmente da <span class=\"_ _1\"></span>maggiori crediti <span class=\"_ _1\"></span>verso erario <span class=\"_ _2\"></span>e da<span class=\"_ _1\"></span> maggiori crediti p<span class=\"_ _2\"></span>er contributi sta<span class=\"_ _2\"></span>tali <span class=\"ff24\">come descritto ne<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>la Nota 2 \u201cAltr<span class=\"_ _2\"></span>i ricavi e provent<span class=\"_ _2\"></span>i\u201d<span class=\"ff21\">. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1109-2": {
   "value": "22. At<span class=\"_ _1\"></span>tivit<span class=\"_ _1\"></span>\u00e0 per<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>mpos<span class=\"_ _2\"></span>te a<span class=\"_ _1\"></span>ntic<span class=\"_ _2\"></span>ipa<span class=\"_ _2\"></span>te Le <span class=\"_ _16\"></span>\u201cattivit\u00e0 <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>imposte <span class=\"_ _16\"></span>anticipate\u201d <span class=\"_ _16\"></span>derivano <span class=\"_ _16\"></span>dal <span class=\"_ _1\"></span>riconoscimento, <span class=\"_ _16\"></span>nel <span class=\"_ _1\"></span>bilancio <span class=\"_ _16\"></span>consolida<span class=\"ff21 ls6\">to<span class=\"ls0\"> <span class=\"_ _14\"></span>al <span class=\"_ _16\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _16\"></span>2022<span class=\"_ _3\"></span><span class=\"ls7\">, </span></span></span>delle imposte anticipate sulle differenze temporanee tra <span class=\"_ _3\"></span>i valori delle <span class=\"_ _3\"></span>attivit\u00e0<span class=\"_ _3\"></span> e passiv<span class=\"_ _2\"></span>it\u00e0 esposti <span class=\"ls6\">in</span> <span class=\"_ _2\"></span>bilancio e <span class=\"_ _2\"></span>i valori <span class=\"_ _3\"></span>riconosciuti <span class=\"ls4\">ai<span class=\"_ _3\"></span></span> f<span class=\"_ _3\"></span>ini <span class=\"_ _3\"></span>fiscali <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sui <span class=\"_ _3\"></span>benefici <span class=\"_ _3\"></span>fiscali <span class=\"_ _6\"></span>derivanti <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>utilizzab<span class=\"_ _2\"></span>ili. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>voce, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>ad Euro <span class=\"_ _15\"> </span>86 <span class=\"_ _15\"> </span>milioni, <span class=\"_ _15\"> </span>presenta <span class=\"_ _15\"></span>un <span class=\"_ _15\"> </span>decremento <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>Euro <span class=\"_ _15\"> </span>0,8 <span class=\"_ _15\"> </span>milioni <span class=\"_ _15\"> </span>rispetto <span class=\"_ _15\"> </span><span class=\"ls3\">al</span> <span class=\"_ _12\"> </span>31 <span class=\"_ _15\"></span>dicembre <span class=\"_ _8\"></span>2021 <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>pu\u00f2 <span class=\"_ _15\"> </span>essere dettagliata co<span class=\"_ _2\"></span>me seg<span class=\"_ _1\"></span>ue: Desc<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _14\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _14\"></span>one3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _a3\"> </span>31<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _16\"></span>ari<span class=\"_ _6\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>neP<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>te <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>sca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rtab<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> nu<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>o2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _238\"> </span>2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _166\"> </span>(1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)Fo<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>fi<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ati<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>\u2019a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vo<span class=\"_ _1\"></span> patri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _3a\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _a8\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1Fo<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>chi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span>d o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _a8\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3Co<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>edu<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>ta8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _3a\"> </span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _3a\"> </span>2,<span class=\"_ _16\"></span>4Fi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span>fferi<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>regi<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>trasparenz<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>e-<span class=\"_ _b5\"> </span>-<span class=\"_ _c1\"> </span>-Im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zaz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _1\"></span>ateri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _3a\"> </span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _166\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)Val<span class=\"_ _1\"></span>ut<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>deri<span class=\"_ _16\"></span>vati0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _3a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _166\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> ded<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span>fferi<span class=\"_ _1\"></span>ta1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _238\"> </span>1<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _166\"> </span><span class=\"fc1\">(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>)</span>Al<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span>ffere<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>tem<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ranee2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _238\"> </span>2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _166\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>)Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>pos<span class=\"_ _6\"></span>te<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>ticipa<span class=\"_ _1\"></span>te8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,0<span class=\"_ _166\"> </span>86<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _239\"> </span>(0<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)Le <span class=\"_ _6\"></span>imposte <span class=\"_ _14\"></span>anticipate <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>calcolate <span class=\"_ _14\"></span>in <span class=\"_ _6\"></span>funzione <span class=\"_ _6\"></span>della <span class=\"_ _14\"></span>stima <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>im<span class=\"_ _3\"></span>ponibili <span class=\"_ _6\"></span>fiscali <span class=\"_ _6\"></span>futuri <span class=\"_ _14\"></span>nei <span class=\"_ _6\"></span>periodi <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>cui <span class=\"_ _6\"></span>le relative differenz<span class=\"_ _2\"></span>e temporanee e i be<span class=\"_ _2\"></span>nefici derivanti da<span class=\"_ _2\"></span>ll\u2019utilizzo di per<span class=\"_ _2\"></span>dite fiscali <span class=\"_ _2\"></span>pregresse si riverse<span class=\"_ _2\"></span>ranno. Le <span class=\"_ _6\"></span>imposte <span class=\"_ _14\"></span>anticipat<span class=\"_ _2\"></span>e <span class=\"_ _14\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _14\"></span>2022 <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>iferiscono <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _14\"></span>82,6 <span class=\"_ _6\"></span>milioni <span class=\"_ _14\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _14\"></span>RCS <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cui <span class=\"_ _14\"></span>Euro 58,6 milioni al gr<span class=\"_ _2\"></span>uppo spagnolo Un<span class=\"_ _2\"></span>idad Editoria<span class=\"_ _2\"></span>l. Con <span class=\"_\"> </span>particolare <span class=\"_ _10\"> </span>riferimento <span class=\"_\"> </span>alle <span class=\"_ _10\"> </span>imposte <span class=\"_\"> </span>anticipate <span class=\"_\"> </span>relative <span class=\"_ _10\"> </span>al<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>gruppo <span class=\"_\"> </span>Unidad <span class=\"_\"> </span>Edit<span class=\"_ _3\"></span>orial, <span class=\"_\"> </span>la <span class=\"_ _10\"> </span>valutazione dell\u2019iscrivibil<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>recuperabilit\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _6\"></span><span class=\"ff21\">2022 <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>effettuata <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _6\"></span>della stima </span>dei <span class=\"_ _7\"></span>redditi <span class=\"_ _7\"></span>imponibili <span class=\"_ _14\"></span>ricavabili <span class=\"_ _7\"></span>dal <span class=\"_ _7\"></span>piano <span class=\"_ _7\"></span>2023-2027 <span class=\"_ _14\"></span>appr<span class=\"_ _3\"></span>ovato <span class=\"_ _6\"></span><span class=\"ls4\">ed</span> <span class=\"_ _7\"></span>estrapolando <span class=\"_ _6\"></span>da <span class=\"_ _14\"></span><span class=\"ff24\">quest\u2019ultimo</span> <span class=\"_ _14\"></span><span class=\"ls17\">la</span> <span class=\"_ _14\"></span>bas<span class=\"_ _3\"></span>e <span class=\"_ _14\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> calcolo per <span class=\"ls6\">le</span> p<span class=\"_ _2\"></span>roiezioni dei<span class=\"_ _2\"></span> <span class=\"ff24\">successivi esercizi. Peraltro, l\u2019ammontare delle perdite fiscali <span class=\"_ _3\"></span>riportabili a <span class=\"_ _3\"></span>nuovo </span>a fronte delle qua<span class=\"_ _2\"></span>li non son<span class=\"_ _2\"></span>o state iscritte imp<span class=\"_ _2\"></span>oste antic<span class=\"_ _2\"></span>ipate \u00e8 di impor<span class=\"_ _2\"></span>to significa<span class=\"_ _2\"></span>tivo. Alla <span class=\"_ _14\"></span>luce <span class=\"_ _7\"></span>del <span class=\"_ _14\"></span>contesto <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>incertezza <span class=\"_ _14\"></span>sono <span class=\"_ _7\"></span>state <span class=\"_ _7\"></span>condotte <span class=\"_ _14\"></span>analisi <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>sens<span class=\"_ _3\"></span>itivit\u00e0 <span class=\"_ _14\"></span>sul <span class=\"_ _7\"></span>business <span class=\"_ _14\"></span>plan <span class=\"_ _7\"></span>usato <span class=\"_ _7\"></span>per <span class=\"_ _14\"></span>la verifica <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>recuperabilit\u00e0 <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>imposte <span class=\"_ _1\"></span>anticipate <span class=\"_ _1\"></span>iscritte <span class=\"_ _16\"></span>in Spagna <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>linea <span class=\"_ _2\"></span>con <span class=\"_ _16\"></span>quanto <span class=\"_ _2\"></span>predispos<span class=\"_ _2\"></span>to <span class=\"_ _1\"></span>nell\u2019ambito del <span class=\"_ _8\"></span><span class=\"ff26\">test <span class=\"_ _15\"></span>di <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>mpairment</span>. <span class=\"_ _7\"></span>Tali <span class=\"_ _8\"></span>analisi <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>sensitivit\u00e0 <span class=\"_ _8\"></span>non <span class=\"_ _8\"></span>hanno <span class=\"_ _8\"></span>evidenziato <span class=\"_ _8\"></span>criticit\u00e0 <span class=\"_ _7\"></span>ri<span class=\"_ _3\"></span>spetto <span class=\"_ _7\"></span>alla <span class=\"_ _12\"> </span>complessiva recuperabilit\u00e0 d<span class=\"_ _2\"></span>elle imposte<span class=\"_ _2\"></span> anticipate iscri<span class=\"_ _2\"></span>tte.<span class=\"fs0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1130-2": {
   "value": "23. R<span class=\"_ _1\"></span>imane<span class=\"_ _2\"></span>nze La composizione e <span class=\"_ _3\"></span>la m<span class=\"_ _3\"></span>ovimentazione delle rimanenze, interamente riconducibili alle societ\u00e0 <span class=\"_ _3\"></span>editoriali, sono esposte nel segu<span class=\"_ _2\"></span>ito: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _32\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ioneM<span class=\"_ _2\"></span>ateri<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>sussi<span class=\"_ _0\"></span>di<span class=\"_ _16\"></span>ari<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>su<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o2<span class=\"_ _1\"></span>8,<span class=\"_ _16\"></span>4<span class=\"_ _3c\"> </span>1<span class=\"_ _1\"></span>5,<span class=\"_ _16\"></span>1<span class=\"_ _8a\"> </span>1<span class=\"_ _1\"></span>3,<span class=\"_ _16\"></span>3P<span class=\"_ _3\"></span>ro<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ott<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _16\"></span>n corso<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>vo<span class=\"_ _1\"></span>raz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>semi<span class=\"_ _0\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>vo<span class=\"_ _1\"></span>rati<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rder\u00f23<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2d\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _23a\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7P<span class=\"_ _3\"></span>ro<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ott<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> fi<span class=\"_ _16\"></span>ni<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>ri3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2d\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _23a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9Total<span class=\"_ _2\"></span>e3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _182\"> </span>19<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _d7\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,9Le <span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>imanenze <span class=\"_ _7\"></span>sono <span class=\"_ _8\"></span>esposte <span class=\"_ _7\"></span>al <span class=\"_ _8\"></span>netto <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>un <span class=\"_ _8\"></span>fondo <span class=\"_ _7\"></span>svalutazione <span class=\"_ _7\"></span>di <span class=\"_ _8\"></span>Euro <span class=\"_ _8\"></span>2,<span class=\"_ _3\"></span>6 <span class=\"_ _8\"></span>milioni <span class=\"_ _7\"></span>(Euro <span class=\"_ _8\"></span>2,2 <span class=\"_ _8\"></span>milioni <span class=\"_ _7\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>31 dicembre 2021<span class=\"ls5\">).<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span><span class=\"ff23 fs2 fc0\">Materie prime, sussid<span class=\"_ _2\"></span>iarie e di co<span class=\"_ _2\"></span>ns<span class=\"_ _2\"></span>umo<span class=\"_ _1\"></span> </span>La<span class=\"ls0\"> <span class=\"_ _16\"></span>voce <span class=\"_ _16\"></span>include <span class=\"_ _0\"></span>principalmente <span class=\"_ _16\"></span>giacenze <span class=\"_ _0\"></span>di <span class=\"_ _16\"></span>carta <span class=\"_ _16\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _0\"></span>iscritta <span class=\"_ _16\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span>minore <span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ra <span class=\"_ _0\"></span><span class=\"ls17\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>costo <span class=\"_ _16\"></span><span class=\"ff24\">d\u2019acquisto <span class=\"_ _1\"></span>o<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>produzione <span class=\"_ _16\"></span><span class=\"ls3\">ed<span class=\"_ _3\"></span><span class=\"ls0\"> </span></span></span></span></span></span></span></span></span></span></span></span></span>il<span class=\"ls0\"> <span class=\"_ _16\"></span>valore <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>presunto <span class=\"_ _16\"></span>realizz<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span>desumibile <span class=\"_ _16\"></span><span class=\"ff24\">dall\u2019andament<span class=\"_ _2\"></span>o<span class=\"ff21\"> <span class=\"_ _1\"></span>del <span class=\"_ _16\"></span>mercato <span class=\"_ _1\"></span>alla ch<span class=\"_ _2\"></span>iusura <span class=\"_ _1\"></span>del periodo. <span class=\"_ _1\"></span>Si ricorda <span class=\"_ _1\"></span>che il </span></span></span>costo di acquis<span class=\"_ _2\"></span>to per le materie pr<span class=\"_ _2\"></span>ime \u00e8 determinat<span class=\"_ _2\"></span>o con il metodo del cos<span class=\"_ _2\"></span>to medio ponde<span class=\"_ _2\"></span>rato. <span class=\"ff23 fs2 fc0\">Prodotti <span class=\"ls6\">in<span class=\"_ _2\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>corso <span class=\"ls28\">di</span> <span class=\"_ _1\"></span>lavorazione, <span class=\"_ _2\"></span>semilavorati <span class=\"_ _1\"></span>e b<span class=\"_ _1\"></span>order<span class=\"_ _1\"></span>\u00f2 </span></span></span>La voce <span class=\"_ _3\"></span>include i<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>costi di <span class=\"_ _3\"></span>acquisto o <span class=\"_ _3\"></span>produzione sostenuti per <span class=\"_ _3\"></span>pubblicazioni non ancora <span class=\"_ _3\"></span>fatturate, i <span class=\"_ _3\"></span>\u201cborder\u00f2\u201d redazionali <span class=\"_ _2\"></span>per serv<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>zi non <span class=\"_ _1\"></span>ancora utilizzati, <span class=\"_ _1\"></span>ma disponibili p<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span> future <span class=\"_ _2\"></span>pubblic<span class=\"_ _2\"></span>azioni, e <span class=\"_ _1\"></span>lavori in corso su ope<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>e di prossima ediz<span class=\"_ _2\"></span>ione.<span class=\"ff23\"> </span><span class=\"ff23 fs2 fc0\">Prodotti <span class=\"_ _1\"></span>fini<span class=\"_ _2\"></span>ti<span class=\"_ _1\"></span> </span>La <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>include <span class=\"_ _3\"></span>le <span class=\"_ _6\"></span>rimanenze <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>libri <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>prodotti <span class=\"_ _3\"></span>promozionali <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>giacenze <span class=\"_ _3\"></span>di La7 rela<span class=\"_ _2\"></span>tive a programmi televisivi prodott<span class=\"_ _2\"></span>i <span class=\"ls17\">le<span class=\"_ _3\"></span></span> cui <span class=\"_ _3\"></span>puntate non sono ancora andate <span class=\"ls6\">in</span> onda <span class=\"_ _14\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _14\"></span>dicembre <span class=\"_ _6\"></span>2022, <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>diri<span class=\"_ _2\"></span>tti <span class=\"_ _14\"></span>di durata inferiore a<span class=\"_ _2\"></span> 12 mesi <span class=\"ls4a\">su</span> film, <span class=\"_ _2\"></span>telefilm, carto<span class=\"_ _2\"></span>ni animati e <span class=\"_ _1\"></span>documentari <span class=\"_ _1\"></span>per i <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>disponibil<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>diritto </span></span>non <span class=\"_ _1\"></span>si \u00e8 <span class=\"_ _16\"></span>esaurita <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>dispone <span class=\"_ _1\"></span>di pa<span class=\"_ _2\"></span>ssaggi degli s<span class=\"_ _2\"></span>tessi da poter tras<span class=\"_ _2\"></span>mettere nell<span class=\"_ _2\"></span>\u2019esercizio successiv<span class=\"_ _2\"></span>o. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1149-2": {
   "value": "24. Cr<span class=\"_ _1\"></span>edit<span class=\"_ _1\"></span>i comme<span class=\"_ _1\"></span>rcia<span class=\"_ _2\"></span>li La<span class=\"ls0\"> composizione d<span class=\"_ _1\"></span>ella voce \u00e8 esposta nel p<span class=\"_ _2\"></span>rospetto ch<span class=\"_ _2\"></span>e seg<span class=\"_ _2\"></span>ue:<span class=\"_ _1\"></span> </span>De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _55\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>neCred<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i3<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _186\"> </span>32<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _24\"> </span>(2<span class=\"_ _1\"></span>7,<span class=\"_ _16\"></span>5)F<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o sv<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>utaz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti(3<span class=\"_ _1\"></span>7,<span class=\"_ _16\"></span>9)<span class=\"_ _24\"> </span>(4<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _23a\"> </span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0Total<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li26<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _91\"> </span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,8<span class=\"_ _7a\"> </span>(24<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)I <span class=\"_ _1\"></span>crediti <span class=\"_ _2\"></span>commerc<span class=\"_ _2\"></span>iali, <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>ad Euro<span class=\"_ _1\"></span> 264,3 <span class=\"_ _16\"></span>milioni, <span class=\"_ _2\"></span>sono <span class=\"_ _16\"></span>es<span class=\"_ _3\"></span>posti <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>netto <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>rese <span class=\"_ _1\"></span>attese d<span class=\"_ _1\"></span>i quot<span class=\"_ _2\"></span>idia<span class=\"ls7\">ni<span class=\"_ _3\"></span></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>periodici e pre<span class=\"_ _2\"></span>sentano <span class=\"_ _1\"></span>un <span class=\"ls7\">de</span>cremento <span class=\"_ _2\"></span>di Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o 24,<span class=\"_ _1\"></span>5 milioni <span class=\"_ _1\"></span>rispetto <span class=\"ff24\">al<span class=\"_ _2\"></span>l\u2019esercizio pre<span class=\"_ _2\"></span>cedente<span class=\"ff21\">. </span></span>I <span class=\"_ _8\"></span>crediti <span class=\"_ _8\"></span>commerciali <span class=\"_ _8\"></span>sono <span class=\"_ _8\"></span>inoltre <span class=\"_ _8\"></span>espressi <span class=\"_ _8\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _8\"></span>netto <span class=\"_ _8\"></span>del <span class=\"_ _8\"></span>fondo <span class=\"_ _8\"></span>svalutazione <span class=\"_ _8\"></span>crediti <span class=\"_ _8\"></span>che <span class=\"_ _8\"></span>\u00e8 <span class=\"_ _8\"></span>stato <span class=\"_ _15\"> </span>determinato tenendo <span class=\"_ _4\"> </span>conto <span class=\"_ _4\"> </span>sia <span class=\"_ _5\"> </span>delle <span class=\"_ _4\"> </span>situazioni <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>rischio <span class=\"_ _5\"> </span>spec<span class=\"_ _2\"></span>ificamente <span class=\"_ _4\"> </span>individuate, <span class=\"_ _4\"> </span>sia <span class=\"_ _8\"></span>di <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>rischio <span class=\"_ _8\"></span>generico <span class=\"_ _15\"></span>di inesigibilit\u00e0 conse<span class=\"_ _2\"></span>guente al norm<span class=\"_ _2\"></span>ale andamento de<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>l\u2019operativit\u00e0 azi<span class=\"_ _1\"></span>enda<span class=\"_ _2\"></span>le.<span class=\"_ _1\"></span> Il <span class=\"_ _2\"></span>fondo <span class=\"_ _1\"></span>svalutazione <span class=\"_ _2\"></span>crediti, <span class=\"_ _1\"></span>pari ad <span class=\"_ _1\"></span>Euro 37,9 <span class=\"_ _1\"></span>milioni, <span class=\"_ _1\"></span>si<span class=\"_ _3\"></span> <span class=\"ls7\">de</span>crementa <span class=\"_ _1\"></span>di Eu<span class=\"_ _2\"></span>ro 3 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>rispetto <span class=\"_ _16\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ls7\">31<span class=\"ls0\"> <span class=\"_ _16\"></span>dicembre </span></span></span></span>2021 <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>eff<span class=\"_ _2\"></span>etto <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>cantonament<span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>(E<span class=\"_ _1\"></span>ur<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>1,2 <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ilioni), <span class=\"_ _16\"></span>dagli <span class=\"_ _0\"></span>utilizzi <span class=\"_ _23b\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _23b\"></span>(Euro <span class=\"_ _0\"></span>4,2 <span class=\"_ _23b\"></span>milioni).<span class=\"_ _16\"></span> Per <span class=\"ls7\">un</span> pi\u00f9 ampio co<span class=\"_ _2\"></span>mmento sul risch<span class=\"_ _2\"></span>io di credito s<span class=\"_ _2\"></span>i rimanda al<span class=\"_ _2\"></span>la Nota 4<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1157-3": {
   "value": "Il <span class=\"_ _2\"></span>fondo <span class=\"_ _1\"></span>svalutazione <span class=\"_ _2\"></span>crediti, <span class=\"_ _1\"></span>pari ad <span class=\"_ _1\"></span>Euro 37,9 <span class=\"_ _1\"></span>milioni, <span class=\"_ _1\"></span>si<span class=\"_ _3\"></span> <span class=\"ls7\">de</span>crementa <span class=\"_ _1\"></span>di Eu<span class=\"_ _2\"></span>ro 3 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>rispetto <span class=\"_ _16\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ls7\">31<span class=\"ls0\"> <span class=\"_ _16\"></span>dicembre </span></span></span></span>2021 <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>eff<span class=\"_ _2\"></span>etto <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>ac<span class=\"_ _2\"></span>cantonament<span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>(E<span class=\"_ _1\"></span>ur<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>1,2 <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ilioni), <span class=\"_ _16\"></span>dagli <span class=\"_ _0\"></span>utilizzi <span class=\"_ _23b\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _23b\"></span>(Euro <span class=\"_ _0\"></span>4,2 <span class=\"_ _23b\"></span>milioni).<span class=\"_ _16\"></span> Per <span class=\"ls7\">un</span> pi\u00f9 ampio co<span class=\"_ _2\"></span>mmento sul risch<span class=\"_ _2\"></span>io di credito s<span class=\"_ _2\"></span>i rimanda al<span class=\"_ _2\"></span>la Nota 4<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1160-2": {
   "value": "25. Cr<span class=\"_ _1\"></span>edit<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>verso<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>i, <span class=\"_ _1\"></span>colle<span class=\"_ _2\"></span>gat<span class=\"_ _2\"></span>e e<span class=\"_ _1\"></span> conso<span class=\"_ _1\"></span>ciate La<span class=\"ls0\"> <span class=\"_ _12\"> </span>voce, <span class=\"_ _12\"> </span>pari <span class=\"_ _15\"> </span><span class=\"ls3\">ad<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>Euro <span class=\"_ _15\"> </span>2,6 <span class=\"_ _12\"> </span>milioni <span class=\"_ _15\"> </span>(<span class=\"_ _3\"></span>Euro <span class=\"_ _15\"> </span>2,9 <span class=\"_ _12\"> </span>milioni <span class=\"_ _15\"> </span><span class=\"ls4\">al</span> <span class=\"_ _12\"> </span>31 <span class=\"_ _15\"> </span>dicembre <span class=\"_ _12\"> </span>2021<span class=\"ls5\">),</span> <span class=\"_ _15\"> </span>include <span class=\"_ _5\"> </span>pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _1\"></span>almen<span class=\"_ _1\"></span>te: </span><span class=\"ff21 fs2 fc0\">per <span class=\"_ _6\"></span>Euro <span class=\"_ _3\"></span>1,4 <span class=\"_ _3\"></span>milioni <span class=\"_ _6\"></span>crediti <span class=\"_ _3\"></span>verso <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>patrimonio<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>netto <span class=\"_ _6\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>-Dis <span class=\"_ _1\"></span>Distribuzione <span class=\"_ _16\"></span>Media </span><span class=\"ff21 fs2 fc0\">per <span class=\"_ _14\"></span>Eu<span class=\"_ _2\"></span>ro <span class=\"_ _14\"></span><span class=\"ls7\">0,</span>8 <span class=\"_ _6\"></span>milio<span class=\"_ _2\"></span>ni <span class=\"_ _14\"></span>cred<span class=\"_ _1\"></span>iti <span class=\"_ _14\"></span>ver<span class=\"_ _1\"></span>so <span class=\"_ _14\"></span><span class=\"ls17\">la</span> <span class=\"_ _14\"></span>socie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _14\"></span>cons<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>cia<span class=\"_ _1\"></span>ta <span class=\"_ _14\"></span>Tori<span class=\"_ _2\"></span>no<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>Foot<span class=\"_ _2\"></span>ba<span class=\"_ _1\"></span>ll <span class=\"_ _14\"></span>Club <span class=\"_ _14\"></span>S.<span class=\"_ _1\"></span>p.A<span class=\"_ _2\"></span>. <span class=\"_ _14\"></span>matu<span class=\"_ _2\"></span>ra<span class=\"_ _1\"></span>ti <span class=\"_ _7\"></span>principalmente </span>nell\u2019ambito dei ra<span class=\"_ _2\"></span>pporti contra<span class=\"_ _2\"></span>ttuali descritt<span class=\"_ _2\"></span>i nella suc<span class=\"_ _2\"></span>cessiva Nota 40;<span class=\"ff21\"> </span>per <span class=\"_ _b\"> </span>Euro <span class=\"_ _18\"> </span>0,4 <span class=\"_ _18\"> </span>milioni <span class=\"_ _18\"> </span><span class=\"ls6\">il</span> <span class=\"_ _18\"> </span>credito <span class=\"_ _18\"> </span>vantato <span class=\"_ _18\"> </span>da <span class=\"_ _18\"> </span>alcune <span class=\"_ _18\"> </span>societ\u00e0 <span class=\"_ _18\"> </span>del <span class=\"_ _b\"> </span>Gruppo <span class=\"_ _18\"> </span>verso <span class=\"_ _18\"> </span><span class=\"ls6\">la</span> <span class=\"_ _18\"> </span>contr<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>llan<span class=\"_ _1\"></span>te <span class=\"_ _4\"> </span>U.<span class=\"_ _2\"></span>T.<span class=\"_ _2\"></span> Co<span class=\"_ _2\"></span>mmu<span class=\"_ _2\"></span>nic<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>s <span class=\"_ _5\"> </span>matu<span class=\"_ _1\"></span>rato<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>nell<span class=\"_ _2\"></span>\u2019a<span class=\"_ _1\"></span>mbito<span class=\"_ _2\"></span> <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>cons<span class=\"_ _2\"></span>ol<span class=\"_ _2\"></span>id<span class=\"_ _2\"></span>ato<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>fisca<span class=\"_ _1\"></span>le <span class=\"_ _17\"> </span>di<span class=\"_ _2\"></span> <span class=\"_ _17\"> </span>qu<span class=\"_ _1\"></span>est\u2019u<span class=\"_ _1\"></span>ltim<span class=\"_ _1\"></span>a <span class=\"_ _17\"> </span>vi<span class=\"_ _2\"></span>gen<span class=\"_ _2\"></span>te <span class=\"_ _5\"> </span>fin<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>al <span class=\"_ _5\"> </span>ter<span class=\"_ _1\"></span>mine<span class=\"_ _2\"></span> del<span class=\"_ _2\"></span>l\u2019e<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>rci<span class=\"_ _1\"></span>zio 2<span class=\"_ _1\"></span>016.<span class=\"_ _1\"></span><span class=\"ff21\"> </span>36. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>verso <span class=\"_ _16\"></span>co<span class=\"_ _2\"></span>ntr<span class=\"_ _2\"></span>olla<span class=\"_ _1\"></span>nti, <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>llegat<span class=\"_ _2\"></span>e e<span class=\"_ _1\"></span> conso<span class=\"_ _1\"></span>ciate La<span class=\"ls0\"> <span class=\"_ _1\"></span>voce <span class=\"_ _16\"></span><span class=\"ff24\">\u201cdebiti<span class=\"ff21\"> <span class=\"_ _1\"></span>verso <span class=\"_ _16\"></span>controllanti, <span class=\"_ _1\"></span>collegate <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span><span class=\"ff24\">consociate\u201d<span class=\"ff21\"> <span class=\"_ _16\"></span>ammonta <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Euro <span class=\"_ _16\"></span>11,8 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>(Euro 7,5 <span class=\"_ _2\"></span>milioni al 31<span class=\"_ _1\"></span> </span></span></span></span></span>dicembre 2021) <span class=\"_ _2\"></span>ed include principal<span class=\"_ _2\"></span>mente: <span class=\"ff21 fc0\">per <span class=\"_ _2\"></span>Euro <span class=\"_ _1\"></span>9,1 milioni, <span class=\"_ _1\"></span>i debi<span class=\"_ _2\"></span>ti <span class=\"_ _1\"></span>commerciali verso <span class=\"_ _1\"></span>alcune <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>collega<span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Gruppo <span class=\"_ _1\"></span>Bermont <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _3\"></span>occupano </span>in Spagna della s<span class=\"_ _2\"></span>tampa di quotidia<span class=\"_ _2\"></span>ni, periodici e a<span class=\"_ _2\"></span>ltri prodott<span class=\"_ _2\"></span>i editoriali; per <span class=\"_\"> </span>Euro<span class=\"_ _2\"></span> <span class=\"_\"> </span>0,7 <span class=\"_ _11\"> </span>milioni, <span class=\"_\"> </span>i<span class=\"_ _2\"></span> <span class=\"_\"> </span>debi<span class=\"_ _2\"></span>ti <span class=\"_\"> </span>comm<span class=\"_ _2\"></span>erciali <span class=\"_\"> </span>ve<span class=\"_ _2\"></span>rso <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ociet\u00e0 <span class=\"_\"> </span>va<span class=\"_ _2\"></span>lutate <span class=\"_\"> </span>a<span class=\"_ _2\"></span> <span class=\"_\"> </span>patr<span class=\"_ _2\"></span>imonio <span class=\"_\"> </span>n<span class=\"_ _2\"></span>etto <span class=\"_ _11\"> </span>del <span class=\"_ _14\"></span>Gruppo <span class=\"_ _6\"></span>m-Dis Distribuzione <span class=\"_ _2\"></span>Media per <span class=\"_ _11\"> </span>Euro <span class=\"_ _11\"> </span>1,7 <span class=\"_\"> </span>mi<span class=\"_ _2\"></span>lioni, <span class=\"_ _11\"> </span>i <span class=\"_\"> </span>d<span class=\"_ _2\"></span>ebiti <span class=\"_ _11\"> </span>commerciali <span class=\"_ _11\"> </span>verso <span class=\"_ _11\"> </span><span class=\"ls17\">la</span> <span class=\"_\"> </span>soci<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _11\"> </span>correlata <span class=\"_ _11\"> </span>Torino <span class=\"_ _11\"> </span>Football <span class=\"_\"> </span>C<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>b <span class=\"_ _14\"></span>S.<span class=\"_ _2\"></span>p.A<span class=\"_ _1\"></span>. <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span><span class=\"ls17\">le</span> com<span class=\"_ _2\"></span>pet<span class=\"_ _2\"></span>enz<span class=\"_ _1\"></span>e m<span class=\"_ _1\"></span>atura<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>fron<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>dell<span class=\"_ _2\"></span>\u2019ac<span class=\"_ _2\"></span>cor<span class=\"_ _2\"></span>do<span class=\"_ _1\"></span> <span class=\"ls7\">di</span> <span class=\"_ _1\"></span>conce<span class=\"_ _1\"></span>ssion<span class=\"_ _1\"></span>e p<span class=\"_ _1\"></span>ubbli<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>ria<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>stipu<span class=\"_ _1\"></span>lato <span class=\"_ _1\"></span>con CA<span class=\"_ _2\"></span>IRORCS <span class=\"_ _1\"></span>Me<span class=\"_ _3\"></span>dia S.p.A. Si<span class=\"ls0\"> fo<span class=\"_ _1\"></span>rnis<span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>o n<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>le <span class=\"_ _1\"></span>seg<span class=\"_ _2\"></span>uen<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>tabell<span class=\"_ _1\"></span>e i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>ettag<span class=\"_ _1\"></span>li <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>ei <span class=\"_ _1\"></span>rapp<span class=\"_ _1\"></span>orti<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span> pa<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>rrela<span class=\"_ _2\"></span>te <span class=\"_ _1\"></span>sud<span class=\"_ _1\"></span>divis<span class=\"_ _1\"></span>i p<span class=\"_ _2\"></span>er <span class=\"_ _1\"></span>lin<span class=\"_ _2\"></span>ee di bilancio. <span class=\"_ _3\"></span>Sono </span>esclusi i rapporti <span class=\"_ _2\"></span>infragruppo el<span class=\"_ _2\"></span>iminati nel pro<span class=\"_ _2\"></span>cesso di conso<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>idamento. Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>diti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ieCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>diti<span class=\"_ _1\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>diti<span class=\"_ _1\"></span> Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>lico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>ie<span class=\"_ _14\"></span> f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _82\"> </span><span class=\"fc0\"> <span class=\"_ _250\"> </span></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _46\"> </span><span class=\"fc0\"> <span class=\"_ _1a\"> </span> <span class=\"_ _10d\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4</span>Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>ate<span class=\"_ _8c\"> </span><span class=\"fc0\"> <span class=\"_ _251\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8</span>Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _51\"> </span><span class=\"fc0\">0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _80\"> </span> <span class=\"_ _240\"> </span>2,<span class=\"_ _3\"></span>8<span class=\"_ _e1\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4De<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>ti e<span class=\"_ _14\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ieDe<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)e<span class=\"_ _14\"></span>  altr<span class=\"_ _16\"></span>i de<span class=\"_ _6\"></span>bitif<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>ie<span class=\"_ _14\"></span> co<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>iSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _1e6\"> </span><span class=\"fc0\">1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1</span>Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>ate<span class=\"_ _140\"> </span><span class=\"fc0\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7</span>Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _21\"> </span> To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _80\"> </span> <span class=\"_ _1af\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8Ricavi e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>tiRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>tiviCo<span class=\"_ _3\"></span>s<span class=\"_ _14\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iPr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>nti<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>iSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>iSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _252\"> </span>(1<span class=\"_ _1\"></span>5,<span class=\"_ _16\"></span>2)0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>ate<span class=\"_ _c2\"> </span>(1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>)0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _253\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>)1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _b6\"> </span>(17<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)1<span class=\"_ _3\"></span>,7I <span class=\"_ _1\"></span>rapporti ve<span class=\"_ _2\"></span>rso <span class=\"_ _1\"></span>le soci<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _1\"></span>collegate <span class=\"_ _1\"></span>si rife<span class=\"_ _2\"></span>riscono <span class=\"_ _1\"></span>prevalentemen<span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>alle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>collegate <span class=\"_ _2\"></span>appartenenti <span class=\"_ _0\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _16\"></span>G<span class=\"_ _16\"></span>ruppo </span></span>Bermont, <span class=\"_ _7\"></span>verso <span class=\"_ _7\"></span><span class=\"ls6\">le</span> <span class=\"_ _7\"></span>quali, <span class=\"_ _7\"></span><span class=\"ls6\">le</span> <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _8\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>che <span class=\"_ _8\"></span>operano <span class=\"_ _7\"></span><span class=\"ls6\">in</span> <span class=\"_ _7\"></span>Spagna <span class=\"_ _12\"> </span>(Gruppo <span class=\"_ _11\"> </span>Unidad <span class=\"_ _11\"> </span>Editorial), <span class=\"_ _11\"> </span>hanno sostenuto costi ne<span class=\"_ _2\"></span>l 2022 per Euro 13,1 <span class=\"_ _2\"></span>milioni e deten<span class=\"_ _2\"></span>gono debiti com<span class=\"_ _2\"></span>merciali per Euro 9,1 <span class=\"_ _2\"></span>milioni.<span class=\"fs0\"> </span>Si segna<span class=\"_ _2\"></span>lano inolt<span class=\"_ _2\"></span>re rappor<span class=\"_ _2\"></span>ti con<span class=\"_ _2\"></span> le <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _1\"></span>valutate a p<span class=\"_ _2\"></span>atrimonio ne<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>to del G<span class=\"_ _2\"></span>ruppo <span class=\"_ _2\"></span>m-Dis Dist<span class=\"_ _2\"></span>ribuzione <span class=\"_ _0\"></span>Me<span class=\"_ _3\"></span>dia verso <span class=\"_ _2\"></span><span class=\"ls17\">le<span class=\"ls0\"> q<span class=\"_ _2\"></span>uali <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> so<span class=\"_ _2\"></span>ciet\u00e0 <span class=\"_ _1\"></span>del Gruppo <span class=\"_ _1\"></span>hanno <span class=\"_ _2\"></span>realizza<span class=\"_ _2\"></span>to n<span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>2022 <span class=\"_ _1\"></span>ricavi pe<span class=\"_ _2\"></span>r <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>0,4 milioni <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sostenuto costi <span class=\"_ _3\"></span>per </span></span></span></span>Euro <span class=\"_ _16\"></span>1,2 <span class=\"_ _16\"></span>milioni <span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>detengono <span class=\"_ _16\"></span>crediti <span class=\"_ _16\"></span>commerciali <span class=\"_ _16\"></span>per <span class=\"_ _16\"></span>Euro <span class=\"_ _1\"></span>1,4 <span class=\"_ _16\"></span>milioni, <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>commercial<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>Euro <span class=\"_ _16\"></span>0,<span class=\"_ _3\"></span>7 <span class=\"_ _16\"></span>milioni. I rapporti con societ\u00e0 co<span class=\"_ _2\"></span>nsociate riguardano p<span class=\"_ _2\"></span>rin<span class=\"_ _2\"></span>cip<span class=\"_ _1\"></span>alme<span class=\"_ _2\"></span>nte<span class=\"_ _1\"></span>: <span class=\"ff24 fs2 fc0\">l\u2019accordo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>concessione <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>essere <span class=\"_ _14\"></span>tra <span class=\"_ _6\"></span>CAIRORC<span class=\"_ _2\"></span>S <span class=\"_ _6\"></span>Me<span class=\"_ _3\"></span>dia <span class=\"_ _14\"></span>S.p.A. <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Torino <span class=\"_ _14\"></span>FC <span class=\"_ _6\"></span>S.p.A. <span class=\"_ _6\"></span>(societ\u00e0 <span class=\"_ _6\"></span>controllata <span class=\"_ _14\"></span>da<span class=\"_ _2\"></span> </span>U.T. <span class=\"_ _1\"></span>Communications)<span class=\"_ _2\"></span>, <span class=\"_ _1\"></span>per <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>vendita <span class=\"_ _1\"></span>degli <span class=\"_ _16\"></span>spazi <span class=\"_ _1\"></span>pubblicitari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>bordo <span class=\"_ _16\"></span>campo <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>pacchetti <span class=\"_ _1\"></span>di <span class=\"_ _16\"></span>sponsorizzazione promo-pubblicitar<span class=\"_ _2\"></span>ia. <span class=\"_ _7\"></span>Per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>tale <span class=\"_ _8\"></span><span class=\"ff24\">contratto <span class=\"_ _7\"></span>nell\u2019eser<span class=\"_ _2\"></span>cizio <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>state <span class=\"_ _7\"></span>riconosciute <span class=\"_ _14\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>concedente <span class=\"_ _7\"></span>quote<span class=\"_ _2\"></span> </span>editore <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>Euro 2,6<span class=\"_ _1\"></span> milioni <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>fronte <span class=\"_ _1\"></span>di ricavi<span class=\"_ _2\"></span> pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> Eu<span class=\"_ _1\"></span>ro 3,1 <span class=\"_ _1\"></span>milioni <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>netto <span class=\"_ _1\"></span>degli s<span class=\"_ _2\"></span>conti <span class=\"_ _1\"></span>di agenz<span class=\"_ _2\"></span>ia. <span class=\"_ _2\"></span>CAIR<span class=\"_ _2\"></span>ORCS Media S.p.A. ha m<span class=\"_ _2\"></span>aturato anche u<span class=\"_ _2\"></span>lteriori provvigion<span class=\"_ _2\"></span>i attive per Euro 0,1<span class=\"_ _2\"></span> milioni; <span class=\"ff24 fs2 fc0\">l\u2019accordo <span class=\"_ _10\"> </span>i<span class=\"_ _3\"></span>n <span class=\"_ _10\"> </span>essere <span class=\"_ _10\"> </span>t<span class=\"_ _3\"></span>ra <span class=\"_ _10\"> </span>la <span class=\"_ _f\"> </span>Cairo <span class=\"_ _f\"> </span>Communica<span class=\"_ _2\"></span>tion <span class=\"_ _f\"> </span>S.p.A. <span class=\"_ _10\"> </span>ed <span class=\"_ _10\"> </span>i<span class=\"_ _3\"></span>l <span class=\"_ _f\"> </span>Torino <span class=\"_ _10\"> </span>F.C. <span class=\"_ _10\"> </span>per <span class=\"_ _f\"> </span>l\u2019erogazione <span class=\"_ _10\"> </span>di <span class=\"_ _f\"> </span>servizi<span class=\"_ _2\"></span> </span>amministrativi <span class=\"_ _2\"></span>quali la tenuta de<span class=\"_ _2\"></span>lla contabili<span class=\"_ _2\"></span>t\u00e0, che prevede un <span class=\"_ _2\"></span>corrispettivo a<span class=\"_ _2\"></span>nnuale di Euro 0,1 <span class=\"_ _2\"></span>milioni. I rappo<span class=\"_ _2\"></span>rti con<span class=\"_ _2\"></span> \u201ca<span class=\"_ _2\"></span>ltre part<span class=\"_ _2\"></span>i co<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>relate\u201d <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>riferiscono <span class=\"_ _1\"></span>principalmente <span class=\"_ _2\"></span>ai rappo<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ti com<span class=\"_ _2\"></span>mer<span class=\"ff21\">ciali con <span class=\"_ _2\"></span>il G<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>uppo Pi<span class=\"_ _2\"></span>relli </span>e <span class=\"_ _14\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _14\"></span>Della <span class=\"_ _6\"></span>Valle, <span class=\"_ _14\"></span>verso <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>quali <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>societ\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>Gruppo <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>ealizzato <span class=\"_ _6\"></span>ricavi <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>complessiv<span class=\"_ _2\"></span>i <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>1 milione. I crediti co<span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>merciali ammon<span class=\"_ _2\"></span>tano a Euro 0,6 <span class=\"_ _2\"></span>milioni. Le <span class=\"_ _14\"></span>operazioni <span class=\"_ _14\"></span>effettuate <span class=\"_ _14\"></span>nel <span class=\"_ _14\"></span>corso <span class=\"_ _7\"></span>dell\u2019anno <span class=\"_ _14\"></span>con <span class=\"_ _14\"></span>p<span class=\"ff21\">arti <span class=\"_ _14\"></span>cor<span class=\"_ _3\"></span>relate, <span class=\"_ _14\"></span>ivi <span class=\"_ _14\"></span>comprese <span class=\"_ _14\"></span>quelle <span class=\"_ _14\"></span>i<span class=\"_ _3\"></span>nfragruppo, <span class=\"_ _14\"></span>non <span class=\"_ _14\"></span>sono </span>qualificabili <span class=\"_ _7\"></span>n\u00e9 <span class=\"_ _15\"> </span>come <span class=\"_ _7\"></span>atipiche <span class=\"_ _15\"></span>n\u00e9 <span class=\"_ _8\"></span>come <span class=\"_ _8\"></span>inusuali, <span class=\"_ _8\"></span>rientrando <span class=\"_ _7\"></span>nel <span class=\"_ _8\"></span>normale <span class=\"_ _15\"></span>corso <span class=\"_ _7\"></span>di <span class=\"_ _15\"></span>attivit\u00e0 <span class=\"_ _8\"></span>delle <span class=\"_ _8\"></span>societ\u00e0 <span class=\"_ _8\"></span>del Gruppo. <span class=\"_ _3\"></span>Dette <span class=\"_ _6\"></span>operazioni <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>regolate <span class=\"_ _6\"></span>a <span class=\"_ _3\"></span>condizioni <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>mercato, <span class=\"_ _3\"></span>tenuto <span class=\"_ _6\"></span>conto <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>caratte<span class=\"_ _3\"></span>ristiche <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>beni <span class=\"_ _3\"></span>e servizi prestati.<span class=\"_ _2\"></span> Nel <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span>Cairo <span class=\"_ _8\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>le <span class=\"_ _7\"></span>sue <span class=\"_ _7\"></span>controllate <span class=\"_ _7\"></span>diverse <span class=\"_ _8\"></span>da <span class=\"_ _7\"></span>quelle <span class=\"_ _7\"></span>appartenenti <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>hanno riconosciuto agli A<span class=\"_ _2\"></span>mministratori, ai S<span class=\"_ _2\"></span>indaci, ai Diretto<span class=\"_ _2\"></span>ri Generali e ai Dirig<span class=\"_ _2\"></span>enti con responsabil<span class=\"_ _2\"></span>it\u00e0 strategiche<span class=\"_ _2\"></span> compensi <span class=\"_ _12\"> </span>per <span class=\"_ _11\"> </span>complessivi<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>Euro <span class=\"_ _11\"> </span>4,4 <span class=\"_ _11\"> </span>milioni. <span class=\"_ _12\"> </span>Tali <span class=\"_ _11\"> </span>informazioni <span class=\"_ _12\"> </span>sono <span class=\"_ _11\"> </span>analizzate <span class=\"_ _12\"> </span>in <span class=\"_ _11\"> </span>dettaglio <span class=\"_ _11\"> </span>nell\u2019appos<span class=\"_ _2\"></span>ita Relazione sulla re<span class=\"_ _2\"></span>munerazione r<span class=\"_ _2\"></span>edatta ai sensi d<span class=\"_ _2\"></span>ell\u2019art. 123<span class=\"ff21\">-ter del TUF. </span>Nel <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span>il <span class=\"_ _8\"></span>Gruppo <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>ha <span class=\"_ _7\"></span>riconosciuto <span class=\"_ _7\"></span>agli <span class=\"_ _7\"></span>Amministratori, <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>Sindaci <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>Dir<span class=\"_ _3\"></span>igenti <span class=\"_ _7\"></span>con <span class=\"_ _7\"></span>responsabilit\u00e0<span class=\"_ _1\"></span> strategiche comp<span class=\"_ _2\"></span>ensi per compless<span class=\"_ _2\"></span>ivi Euro 7,8 milioni,<span class=\"_ _2\"></span> meglio comment<span class=\"_ _2\"></span>ati nella succes<span class=\"_ _2\"></span>siva Nota 44. Nel <span class=\"_ _1\"></span>corso <span class=\"_ _1\"></span>dell\u2019esercizio <span class=\"_ _16\"></span>non <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>state <span class=\"_ _1\"></span>concluse <span class=\"_ _16\"></span>operazioni <span class=\"_ _1\"></span><span class=\"ff21\">con <span class=\"_ _1\"></span>componenti <span class=\"_ _16\"></span>del <span class=\"_ _2\"></span>Consig<span class=\"_ _2\"></span>lio <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Amministrazione,<span class=\"_ _2\"></span> </span>direttori <span class=\"_ _15\"> </span>generali <span class=\"_ _8\"></span>e/o <span class=\"_ _12\"> </span>dirigenti <span class=\"_ _15\"></span>con <span class=\"_ _8\"></span>r<span class=\"_ _3\"></span>esponsabili<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _15\"> </span>strategica, <span class=\"_ _15\"> </span>componenti <span class=\"_ _8\"></span>del <span class=\"_ _12\"> </span>Collegio <span class=\"_ _15\"></span>Sindacal<span class=\"_ _2\"></span>e, <span class=\"_ _15\"> </span>dirigente preposto, ulterio<span class=\"_ _2\"></span>ri rispetto a<span class=\"_ _2\"></span>i compensi erogat<span class=\"_ _2\"></span>i e quanto<span class=\"_ _2\"></span> gi\u00e0 evidenziato ne<span class=\"_ _2\"></span>lla presente nota. Si precisa che: <span class=\"ff21 fs2 fc0\">con riferimen<span class=\"_ _2\"></span>to a <span class=\"_ _2\"></span>Cairo <span class=\"_ _2\"></span>Communi<span class=\"_ _2\"></span>cation <span class=\"_ _2\"></span>e a<span class=\"_ _2\"></span>lle su<span class=\"_ _2\"></span>e soc<span class=\"_ _2\"></span>iet\u00e0 con<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>rollate d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>verse <span class=\"_ _2\"></span>da q<span class=\"_ _2\"></span>uelle <span class=\"_ _2\"></span>appartenenti <span class=\"_ _1\"></span>al Gruppo </span>RCS, <span class=\"_ _3\"></span>non <span class=\"_ _6\"></span>esistono <span class=\"_ _6\"></span>accordi <span class=\"_ _3\"></span>tra <span class=\"_ _6\"></span>le <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _3\"></span>amministratori <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>prevedono <span class=\"_ _3\"></span>indennit\u00e0 <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>caso <span class=\"_ _6\"></span>di dimissioni <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>licenziamento <span class=\"_ _14\"></span>senza <span class=\"_ _7\"> </span>giusta <span class=\"_ _8\"> </span>causa <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>se <span class=\"_ _7\"></span>il <span class=\"_ _7\"> </span>loro <span class=\"_ _7\"> </span>r<span class=\"_ _3\"></span>apporto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>lavoro <span class=\"_ _7\"></span>cessa <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>seguito <span class=\"_ _7\"></span>di <span class=\"_ _7\"> </span>un\u2019offerta pubblica <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>acquisto; <span class=\"_ _6\"></span>esistono <span class=\"_ _6\"></span>accordi <span class=\"_ _3\"></span>tra <span class=\"_ _6\"></span>Cairo <span class=\"_ _6\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>dott. <span class=\"_ _3\"></span>Uberto <span class=\"_ _6\"></span>Fornara <span class=\"_ _6\"></span>che <span class=\"_ _3\"></span>prevedono, <span class=\"_ _3\"></span>a fronte <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>impegni di <span class=\"_ _1\"></span>non co<span class=\"_ _2\"></span>ncorrenza <span class=\"_ _1\"></span>per 18 <span class=\"_ _1\"></span>mesi su<span class=\"_ _1\"></span>ccessivi alla <span class=\"_ _1\"></span>cessazione de<span class=\"_ _2\"></span>l r<span class=\"_ _2\"></span>apporto <span class=\"_ _1\"></span>di lavor<span class=\"_ _2\"></span>o d<span class=\"_ _1\"></span>irigenziale con la Societ\u00e0, <span class=\"_ _2\"></span>l\u2019erogazione in co<span class=\"_ _2\"></span>rso di rapport<span class=\"_ _2\"></span>o di un corrispett<span class=\"_ _2\"></span>ivo annuale lo<span class=\"_ _2\"></span>rdo di Euro 100 <span class=\"_ _2\"></span>mila.<span class=\"ff21\"> </span>con r<span class=\"_ _3\"></span>iferimento a RCS, per quanto concerne i <span class=\"_ _3\"></span>trattamenti previsti in caso di <span class=\"_ _3\"></span>cessazione e<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>di scioglimento de<span class=\"ls17\">l </span>rapporto <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>lavoro <span class=\"_ _3\"></span>si <span class=\"_ _6\"></span>rimanda <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>quanto <span class=\"_ _3\"></span>descritto <span class=\"_ _6\"></span>nella <span class=\"_ _3\"></span>Relazione <span class=\"_ _3\"></span>sulla <span class=\"_ _6\"></span>Remuneraz<span class=\"_ _2\"></span>ione <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>pubblicata <span class=\"_ _6\"></span>sul sito internet Si <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>ecisa <span class=\"_ _11\"> </span>inoltre <span class=\"_\"> </span>c<span class=\"_ _1\"></span>he <span class=\"_\"> </span>non <span class=\"_ _11\"> </span>esistono <span class=\"_ _11\"> </span>piani <span class=\"_ _11\"> </span>per <span class=\"_\"> </span>la <span class=\"_\"> </span>su<span class=\"_ _2\"></span>ccessione <span class=\"_ _11\"> </span>degli <span class=\"_ _11\"> </span>amministratori <span class=\"_ _12\"> </span>es<span class=\"_ _3\"></span>ecutivi <span class=\"_ _11\"> </span>e <span class=\"_\"> </span>c<span class=\"_ _2\"></span>he <span class=\"_ _11\"> </span>Cairo Communication <span class=\"_ _2\"></span>non ha al momen<span class=\"_ _2\"></span>to in essere piani <span class=\"_ _2\"></span>di stock option. RAPPORTI <span class=\"_ _1\"></span>C<span class=\"_ _3\"></span>ON <span class=\"_ _1\"></span>PART<span class=\"_ _3\"></span>I <span class=\"_ _1\"></span>CORREL<span class=\"_ _1\"></span>ATE Allegato 2<span class=\"_ _16\"></span> Nelle seguenti tabelle <span class=\"_ _1\"></span>si riporta <span class=\"ls3e\">il</span> <span class=\"_ _2\"></span>dettaglio dei <span class=\"_ _2\"></span>rapporti con p<span class=\"_ _2\"></span>arti correlate del <span class=\"_ _1\"></span>Gruppo<span class=\"_ _3\"></span> Cairo C<span class=\"_ _1\"></span>ommunic<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ion:Socie<span class=\"_ _6\"></span>t\u00e0 co<span class=\"_ _3\"></span>ntr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>lla<span class=\"_ _1\"></span>ntiCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>i cre<span class=\"_ _6\"></span>d<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _16\"></span> i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>ie<span class=\"_ _6\"></span> f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>leco<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntiU.T. Com<span class=\"_ _16\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _296\"> </span>-<span class=\"_ _b3\"> </span>-<span class=\"_ _eb\"> </span>0,<span class=\"_ _16\"></span>4<span class=\"_ _8a\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _297\"> </span>-<span class=\"_ _b3\"> </span>-<span class=\"_ _18a\"> </span>0<span class=\"_ _3\"></span>,4<span class=\"_ _1ee\"> </span>-Socie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>lle<span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>ateCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Altr<span class=\"_ _1\"></span>i c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti e<span class=\"_ _14\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>atof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>eco<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiG<span class=\"_ _1\"></span>D Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Serv<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ce<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>S.r.l<span class=\"_ _16\"></span>.<span class=\"_ _a5\"> </span>0<span class=\"_ _1\"></span>,2<span class=\"_ _48\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _8a\"> </span>-Tren<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> P<span class=\"_ _6\"></span>res<span class=\"_ _3\"></span>s Servi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _298\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _1f7\"> </span>-<span class=\"_ _8a\"> </span>-Li<span class=\"_ _16\"></span>g<span class=\"_ _1\"></span>uri<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>res<span class=\"_ _3\"></span>s S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _299\"> </span>1<span class=\"_ _1\"></span>,2<span class=\"_ _48\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _8a\"> </span>-In<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Im<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>are<span class=\"_ _3\"></span> D<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.r.l<span class=\"_ _16\"></span>.<span class=\"_ _267\"> </span>-<span class=\"_ _da\"> </span>-<span class=\"_ _1f7\"> </span>-<span class=\"_ _8a\"> </span>-Totale<span class=\"_ _4b\"> </span>1,<span class=\"_ _3\"></span>4<span class=\"_ _da\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _8a\"> </span>-Socie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lle<span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>ate<span class=\"_ _6\"></span> De<span class=\"_ _14\"></span>b<span class=\"_ _2\"></span>iti Altr<span class=\"_ _1\"></span>i de<span class=\"_ _6\"></span>biti<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> De<span class=\"_ _14\"></span>b<span class=\"_ _2\"></span>iti Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>lipa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiG<span class=\"_ _1\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>Servi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _21a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _246\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Li<span class=\"_ _16\"></span>g<span class=\"_ _1\"></span>uri<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>press <span class=\"_ _3\"></span>S.r.l<span class=\"_ _16\"></span>.<span class=\"_ _29a\"> </span>0<span class=\"_ _1\"></span>,1<span class=\"_ _246\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _2a\"> </span>-Co<span class=\"_ _1\"></span>nso<span class=\"_ _1\"></span>rzi<span class=\"_ _0\"></span>o C.S.E.D.<span class=\"_ _3\"></span>I.<span class=\"_ _29b\"> </span>-<span class=\"_ _d4\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t Imp<span class=\"_ _1\"></span>res<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.L. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t)<span class=\"_ _1ee\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _246\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _2a\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> Dos herm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>as <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>,4-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> Sagu<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> S.L.U.<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>ru<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o 1<span class=\"_ _1\"></span>,2<span class=\"_ _103\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Cal<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>t S.l<span class=\"_ _16\"></span>. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t)<span class=\"_ _29c\"> </span>-<span class=\"_ _d4\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Om<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.A. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t)<span class=\"_ _8b\"> </span>0,<span class=\"_ _1\"></span>5<span class=\"_ _246\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t Ca<span class=\"_ _3\"></span>tal<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> S.A.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>nt)<span class=\"_ _23f\"> </span>1,<span class=\"_ _1\"></span>1<span class=\"_ _246\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-TF<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.a.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o Berm<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>nt)<span class=\"_ _22e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _d4\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _2a\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> R\u00e0<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>ade S.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>nt)<span class=\"_ _186\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _246\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _2a\"> </span>-Radi<span class=\"_ _0\"></span>o Sal<span class=\"_ _16\"></span>ud<span class=\"_ _1\"></span> S.A.<span class=\"_ _29d\"> </span>0<span class=\"_ _1\"></span>,2<span class=\"_ _246\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _2a\"> </span>-Escuel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> de c<span class=\"_ _3\"></span>oci<span class=\"_ _16\"></span>na Tel<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>S.L.<span class=\"_ _29e\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,1<span class=\"_ _246\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _2a\"> </span>-</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _4b\"> </span>10<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _58\"> </span>-<span class=\"_ _ad\"> </span>-<span class=\"_ _1bc\"> </span>-Socie<span class=\"_ _6\"></span>t\u00e0 s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>tto<span class=\"_ _3\"></span>pos<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span> al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>llo <span class=\"_ _3\"></span>de<span class=\"_ _6\"></span>ll<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>i cr<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>diti<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> co<span class=\"_ _3\"></span>ntr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>lll<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>tico<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>atof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>leco<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntiTo<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>no<span class=\"_ _1\"></span> FC S<span class=\"_ _2\"></span>.p.A.<span class=\"_ _29f\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _246\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _1bc\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _224\"> </span>0<span class=\"_ _3\"></span>,8<span class=\"_ _58\"> </span>-<span class=\"_ _8a\"> </span>-<span class=\"_ _1bc\"> </span>-S<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>cie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>tto<span class=\"_ _3\"></span>pos<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span> al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>llo De<span class=\"_ _6\"></span>biti<span class=\"_ _2\"></span> Altr<span class=\"_ _1\"></span>i de<span class=\"_ _6\"></span>b<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _1\"></span> De<span class=\"_ _6\"></span>biti<span class=\"_ _2\"></span> Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _1\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>lle<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>ntr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>lla<span class=\"_ _1\"></span>ntico<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>atof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>leco<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntiTo<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>no<span class=\"_ _1\"></span> FC S<span class=\"_ _2\"></span>.p.A.<span class=\"_ _29f\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _30\"> </span>-<span class=\"_ _b0\"> </span>-<span class=\"_ _239\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _224\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _97\"> </span>-<span class=\"_ _b0\"> </span>-<span class=\"_ _239\"> </span>-Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>la<span class=\"_ _1\"></span>teCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>i cr<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>diti<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>atof<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> f<span class=\"_ _16\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>leco<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntiS<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ci<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>el<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>gru<span class=\"_ _16\"></span>pp<span class=\"_ _1\"></span>o Del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>Val<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _2a1\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _46\"> </span>-<span class=\"_ _241\"> </span>-<span class=\"_ _239\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _224\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _97\"> </span>-<span class=\"_ _b0\"> </span>-<span class=\"_ _239\"> </span>-Soc<span class=\"_ _3\"></span>ie<span class=\"_ _6\"></span>t\u00e0 co<span class=\"_ _3\"></span>lle<span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>ateRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>tivi<span class=\"_ _256\"> </span>Co<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>iPr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>nti<span class=\"_ _1\"></span> One<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>i(v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>riG<span class=\"_ _1\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>Servi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _2a2\"> </span>0<span class=\"_ _1\"></span>,3<span class=\"_ _23f\"> </span>(0,<span class=\"_ _16\"></span>9)<span class=\"_ _241\"> </span>-<span class=\"_ _26\"> </span>-Escuel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> de c<span class=\"_ _3\"></span>oci<span class=\"_ _16\"></span>na Tel<span class=\"_ _16\"></span>va S.L.<span class=\"_ _2a3\"> </span><span class=\"fc1\">-<span class=\"_ _1bc\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-</span>Li<span class=\"_ _16\"></span>g<span class=\"_ _1\"></span>uri<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>press S.r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _29a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _182\"> </span>(0,<span class=\"_ _16\"></span>3)<span class=\"_ _b0\"> </span>-<span class=\"_ _23a\"> </span>-Co<span class=\"_ _1\"></span>nso<span class=\"_ _1\"></span>rzi<span class=\"_ _0\"></span>o C.S.E.D.<span class=\"_ _3\"></span>I.<span class=\"_ _29b\"> </span>-<span class=\"_ _1bc\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _26\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t Imp<span class=\"_ _1\"></span>res<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.L. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>o -<span class=\"_ _1bc\"> </span>(5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> Dos herm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>as <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _3\"></span> -<span class=\"_ _1bc\"> </span>(2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-(G<span class=\"_ _1\"></span>ru<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Bermo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t)Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> Sag<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>to S<span class=\"_ _2\"></span>.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o -<span class=\"_ _1bc\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Cal<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>t S.l<span class=\"_ _16\"></span>. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t)<span class=\"_ _2a4\"> </span>-<span class=\"_ _97\"> </span>-<span class=\"_ _241\"> </span>-<span class=\"_ _26\"> </span>-Om<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t S.A. <span class=\"_ _3\"></span>(G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t)<span class=\"_ _2a5\"> </span>-<span class=\"_ _1bc\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t Ca<span class=\"_ _3\"></span>tal<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> S.A.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> -<span class=\"_ _1bc\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)TF<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.a.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o Berm<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>nt)<span class=\"_ _266\"> </span>-<span class=\"_ _1bc\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0)<span class=\"_ _b0\"> </span>-<span class=\"_ _23a\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> R\u00e0<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>ade S.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span> -<span class=\"_ _1bc\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _23a\"> </span>-Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Radi<span class=\"_ _0\"></span>o Sal<span class=\"_ _16\"></span>ud<span class=\"_ _1\"></span> S.A.<span class=\"_ _29d\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _182\"> </span>(0,<span class=\"_ _16\"></span>6)<span class=\"_ _b0\"> </span>-<span class=\"_ _23a\"> </span>-In<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Due S.r.l<span class=\"_ _16\"></span>.<span class=\"_ _86\"> </span>-<span class=\"_ _1b7\"> </span>-<span class=\"_ _26\"> </span>-To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _11b\"> </span>0<span class=\"_ _3\"></span>,5<span class=\"_ _180\"> </span>(15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _a6\"> </span><span class=\"ff2b\">-<span class=\"_ _26\"> </span></span>-S<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>cie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>tto<span class=\"_ _3\"></span>pos<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span> al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>llo Rica<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _256\"> </span>Co<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>iPr<span class=\"_ _16\"></span>o<span class=\"_ _6\"></span>ve<span class=\"_ _14\"></span>nti<span class=\"_ _1\"></span> One<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>i f<span class=\"_ _1\"></span>ina<span class=\"_ _16\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>rid<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>lle<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>ntr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>lla<span class=\"_ _1\"></span>ntif<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>i(v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)To<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>no<span class=\"_ _1\"></span> FC S<span class=\"_ _2\"></span>.p.A.<span class=\"_ _29f\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _23f\"> </span>(1,<span class=\"_ _16\"></span>8)<span class=\"_ _176\"> </span>-<span class=\"_ _26\"> </span>-Total<span class=\"_ _2\"></span>e<span class=\"_ _224\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _23c\"> </span>(1<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _241\"> </span>-<span class=\"_ _239\"> </span>-Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>la<span class=\"_ _1\"></span>teRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i<span class=\"_ _167\"> </span>Co<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>iPr<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _1\"></span>ti One<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>i f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _16\"></span>i(v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>iSo<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>Va<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _26a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _e4\"> </span>-<span class=\"_ _176\"> </span>-<span class=\"_ _21\"> </span>-So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> P<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>rel<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _219\"> </span>0,<span class=\"_ _16\"></span>1<span class=\"_ _46\"> </span>-<span class=\"_ _aa\"> </span>-<span class=\"_ _3c\"> </span>-Fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>In<span class=\"_ _2\"></span>teg<span class=\"_ _2\"></span>rati<span class=\"_ _16\"></span>vo<span class=\"_ _1\"></span> P<span class=\"_ _6\"></span>revi<span class=\"_ _0\"></span>den<span class=\"_ _1\"></span>za Di<span class=\"_ _1\"></span>ri<span class=\"_ _16\"></span>gen<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> -<span class=\"_ _1ee\"> </span>(0,<span class=\"_ _16\"></span>3)<span class=\"_ _aa\"> </span>-<span class=\"_ _3c\"> </span>-(FIPDIR)Totale<span class=\"_ _156\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _1ad\"> </span>(0,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _176\"> </span>-<span class=\"_ _3c\"> </span>-Conto <span class=\"_ _2\"></span>economico<span class=\"_ _3\"></span> consolidato <span class=\"_ _1\"></span><span class=\"lsb\">ai<span class=\"ls0\"> sensi <span class=\"_ _1\"></span>della<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Delibera Co<span class=\"_ _3\"></span>nsob n. 15519<span class=\"_ _3\"></span> </span></span>del 27 luglio 200<span class=\"_ _3\"></span>6 Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _16e\"> </span><span class=\"ff2d ls80\">2022</span>di<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di 2021di<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>aco<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>aRi<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span> netti<span class=\"_ _2a6\"> </span>1<span class=\"_ _2\"></span>.06<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>0<span class=\"_ _e7\"> </span>1,<span class=\"_ _1\"></span>7<span class=\"_ _222\"> </span>0,<span class=\"_ _1\"></span>2%<span class=\"_ _55\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _2a7\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _25e\"> </span>0,<span class=\"_ _1\"></span>4%</span>Al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> pro<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>enti<span class=\"_ _88\"> </span>50<span class=\"_ _1\"></span>,4<span class=\"_ _16f\"> </span>-<span class=\"_ _1ff\"> </span> <span class=\"_ _e2\"> </span>39<span class=\"_ _1\"></span>,1<span class=\"_ _1bb\"> </span><span class=\"fc0\">-</span>- d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>rico<span class=\"_ _3\"></span>rr<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _64\"> </span>1,<span class=\"_ _3\"></span>3<span class=\"_ _5e\"> </span><span class=\"ff2b\">-</span>Vari<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>man<span class=\"_ _2\"></span>enz<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> pro<span class=\"_ _1\"></span>do<span class=\"_ _2\"></span>tti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>ti<span class=\"_ _139\"> </span>2,<span class=\"_ _1\"></span>4<span class=\"_ _16f\"> </span>-<span class=\"_ _114\"> </span>-<span class=\"_ _21b\"> </span>0<span class=\"_ _1\"></span>,4<span class=\"_ _e9\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>Co<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>sum<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> pri<span class=\"_ _16\"></span>me,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>sussi<span class=\"_ _16\"></span>di<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _206\"> </span>(11<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)<span class=\"_ _16f\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _32\"> </span>(90<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _217\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>Co<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>per se<span class=\"_ _3\"></span>rvi<span class=\"_ _16\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _17d\"> </span>(4<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>5)<span class=\"_ _32\"> </span>(17<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3)<span class=\"_ _25e\"> </span>3,<span class=\"_ _1\"></span>6%<span class=\"_ _7e\"> </span>(46<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>1)<span class=\"_ _7e\"> </span>(18<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9)<span class=\"_ _25e\"> </span>4,<span class=\"_ _1\"></span>0%- d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>rico<span class=\"_ _3\"></span>rr<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _259\"> </span>(1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _2a8\"> </span>(0,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)Co<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>per go<span class=\"_ _1\"></span>di<span class=\"_ _16\"></span>men<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ben<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> te<span class=\"_ _3\"></span>rz<span class=\"_ _1\"></span>i<span class=\"_ _8b\"> </span>(2<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>1)<span class=\"_ _16f\"> </span>-<span class=\"_ _114\"> </span>-<span class=\"_ _a3\"> </span>(31<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _217\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>Co<span class=\"_ _2\"></span>sti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>person<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _269\"> </span>(3<span class=\"_ _1\"></span>17<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4)<span class=\"_ _16f\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _7e\"> </span>(3<span class=\"_ _1\"></span>25<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _217\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>- d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>rico<span class=\"_ _3\"></span>rr<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _232\"> </span>(1,5<span class=\"_ _3\"></span>)<span class=\"_ _2a8\"> </span>(3<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)Am<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ortam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _16\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>anto<span class=\"_ _1\"></span>nam<span class=\"_ _2\"></span>enti<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span> sval<span class=\"_ _1\"></span>ut<span class=\"_ _2\"></span>azi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _91\"> </span>(7<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)<span class=\"_ _16f\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _32\"> </span>(76<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _217\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>- di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>ui<span class=\"_ _16\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> ri<span class=\"_ _1\"></span>correnti<span class=\"_ _ac\"> </span>-<span class=\"_ _2a9\"> </span>-Al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rati<span class=\"_ _1\"></span>vi<span class=\"_ _289\"> </span>(2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0)<span class=\"_ _16f\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _32\"> </span>(16<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _217\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>Ris<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>pe<span class=\"_ _3\"></span>ra<span class=\"_ _1\"></span>tiv<span class=\"_ _3\"></span>o<span class=\"_ _175\"> </span>6<span class=\"_ _3\"></span>9,<span class=\"_ _3\"></span>3<span class=\"_ _22a\"> </span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3,<span class=\"_ _3\"></span>1Al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>pro<span class=\"_ _1\"></span>vent<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>) da a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0/passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e (4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1)-<span class=\"_ _114\"> </span>-<span class=\"_ _14d\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _e3\"> </span><span class=\"fc0\">-<span class=\"_ _83\"> </span>-</span>(*<span class=\"_ _2\"></span>*)- di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>ui<span class=\"_ _16\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> ri<span class=\"_ _1\"></span>correnti<span class=\"_ _ac\"> </span>-<span class=\"_ _16e\"> </span>2,<span class=\"_ _1\"></span>4P<span class=\"_ _3\"></span>rov<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>(on<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span>) <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> netti<span class=\"_ _2aa\"> </span>(8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8)<span class=\"_ _16f\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _32\"> </span>(11<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _2a7\"> </span>0,<span class=\"_ _1\"></span>2<span class=\"_ _1f\"> </span>-1,<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>%- di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>ui<span class=\"_ _16\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> ri<span class=\"_ _1\"></span>correnti<span class=\"_ _ac\"> </span>-<span class=\"_ _299\"> </span>2,<span class=\"_ _1\"></span>4Ris<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>pr<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span> de<span class=\"_ _6\"></span>lle<span class=\"_ _6\"></span> im<span class=\"_ _2\"></span>pos<span class=\"_ _6\"></span>te<span class=\"_ _265\"> </span>56<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _1b9\"> </span>96<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7Im<span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>ste del<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>\u2019es<span class=\"_ _3\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>o<span class=\"_ _a5\"> </span>(4<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>)<span class=\"_ _19c\"> </span>-<span class=\"_ _114\"> </span>-<span class=\"_ _21b\"> </span>(1<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>8)<span class=\"_ _2a7\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span>-</span>- di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>ui<span class=\"_ _16\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> ri<span class=\"_ _1\"></span>correntiRis<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tto <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>lle<span class=\"_ _6\"></span> attivit\u00e0 in<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>ntin<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _a6\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _1b9\"> </span>79<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9Ri<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ul<span class=\"_ _16\"></span>tato n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>tto<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>ce<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>ate<span class=\"_ _d9\"> </span>-<span class=\"_ _16f\"> </span>-<span class=\"_ _114\"> </span>-<span class=\"_ _19c\"> </span>-<span class=\"_ _e3\"> </span><span class=\"fc0\">-<span class=\"_ _83\"> </span>-</span>Ris<span class=\"_ _6\"></span>ul<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>to <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tto <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>ll\u2019e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>rciz<span class=\"_ _1\"></span>io<span class=\"_ _215\"> </span><span class=\"ff2d\">5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _1b9\"> </span>79<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9</span>(*)  <span class=\"_ _1\"></span>  L<span class=\"_ _1\"></span>e o<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>erazi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ni con<span class=\"_ _3\"></span> l<span class=\"_ _2\"></span>e pa<span class=\"_ _3\"></span>rti <span class=\"_ _2\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>elate s<span class=\"_ _6\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>e all<span class=\"_ _1\"></span>a s<span class=\"_ _6\"></span>uc<span class=\"_ _3\"></span>ce<span class=\"_ _3\"></span>s<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>iva n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span> 4<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span> dell<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> N<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span> es<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>ive.Stato <span class=\"_ _1\"></span>Patri<span class=\"_ _3\"></span>moniale<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>conso<span class=\"_ _3\"></span>lidato <span class=\"lsb\">ai</span> <span class=\"_ _16\"></span>se<span class=\"_ _3\"></span>nsi della <span class=\"_ _1\"></span>Delibera Co<span class=\"_ _3\"></span>nsob n. 15519<span class=\"_ _3\"></span> del 27 luglio 200<span class=\"_ _3\"></span>6 Attivit\u00e031<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _6\"></span>mb<span class=\"_ _1\"></span>redi<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di 31<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _6\"></span>mb<span class=\"_ _1\"></span>redi<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro2022co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>a2021co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>aIm<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>, i<span class=\"_ _16\"></span>nv<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>sti<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>enti<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>, i<span class=\"_ _16\"></span>mp<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>chi<span class=\"_ _16\"></span>nari<span class=\"_ _19c\"> </span>1<span class=\"_ _2\"></span>10<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2ab\"> </span>5<span class=\"_ _2\"></span>7,<span class=\"_ _16\"></span>0Di<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tti<span class=\"_ _16\"></span> d\u2019u<span class=\"_ _2\"></span>so su<span class=\"_ _2\"></span> ben<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>ng<span class=\"_ _2ac\"> </span><span class=\"ff2b\">1<span class=\"_ _2\"></span>46<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _27a\"> </span>16<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>5</span>Atti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _2a9\"> </span>99<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>2<span class=\"_ _27a\"> </span>98<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>1P<span class=\"_ _3\"></span>arte<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>paz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _251\"> </span>3<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>3<span class=\"_ _2ab\"> </span>32<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2Credi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>per 1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2ad\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3stru<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _16\"></span> deri<span class=\"_ _1\"></span>vatiAl<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _1b9\"> </span>4,<span class=\"_ _1\"></span>3<span class=\"_ _25d\"> </span>4,<span class=\"_ _1\"></span>7Atti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>per i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>ste a<span class=\"_ _3\"></span>nti<span class=\"_ _16\"></span>ci<span class=\"_ _1\"></span>pate<span class=\"_ _219\"> </span>8<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>0<span class=\"_ _2ab\"> </span>86<span class=\"_ _1\"></span>,8Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>vit\u00e0 non co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nti<span class=\"_ _25c\"> </span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,3<span class=\"_ _2ae\"> </span>1.<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,6Ri<span class=\"_ _16\"></span>manen<span class=\"_ _1\"></span>ze<span class=\"_ _c8\"> </span>3<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _2ab\"> </span>19<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6Credi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _10d\"> </span>26<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>3<span class=\"_ _70\"> </span>0,<span class=\"_ _1\"></span>6<span class=\"_ _25e\"> </span>0,<span class=\"_ _1\"></span>2%<span class=\"_ _67\"> </span>28<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _7e\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _15d\"> </span>0<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>%Credi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> verso con<span class=\"_ _1\"></span>trol<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>anti<span class=\"_ _16\"></span>,<span class=\"_ _2\"></span> col<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gate e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>soci<span class=\"_ _1\"></span>ate<span class=\"_ _5a\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _6e\"> </span>2,<span class=\"_ _1\"></span>6<span class=\"_ _212\"> </span>1<span class=\"_ _1\"></span>00<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0%<span class=\"_ _d8\"> </span>2,<span class=\"_ _1\"></span>9<span class=\"_ _7e\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2af\"> </span>9<span class=\"_ _2\"></span>8,<span class=\"_ _16\"></span>8%Credi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>versi<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span>d al<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _61\"> </span>86<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2ab\"> </span>6<span class=\"_ _2\"></span>1,<span class=\"_ _16\"></span>3Al<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _2ac\"> </span>1,<span class=\"_ _16\"></span>9<span class=\"_ _2ad\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3Di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>de e <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ezz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>val<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _271\"> </span>54<span class=\"_ _1\"></span>,3<span class=\"_ _27a\"> </span>1<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>,0Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>vit\u00e0 co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti<span class=\"_ _23e\"> </span>44<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,8<span class=\"_ _21a\"> </span>48<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>vit\u00e0<span class=\"_ _11a\"> </span>18<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,1<span class=\"_ _2ae\"> </span>1<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,5Pa<span class=\"_ _1\"></span>trim<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span> e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>Pa<span class=\"_ _2\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ivit\u00e0<span class=\"_ _73\"> </span>31<span class=\"_ _3\"></span> dice<span class=\"_ _6\"></span>mb<span class=\"_ _1\"></span>redi<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di 31<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _6\"></span>mb<span class=\"_ _1\"></span>redi<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ui p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti % di 2022co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>a2021co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>late<span class=\"_ _3\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _2\"></span>cide<span class=\"_ _6\"></span>nz<span class=\"_ _1\"></span>aCapi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> soci<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _26f\"> </span>7,<span class=\"_ _16\"></span>0<span class=\"_ _2ad\"> </span>7,<span class=\"_ _1\"></span>0Ri<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>erva s<span class=\"_ _3\"></span>ov<span class=\"_ _1\"></span>rapp<span class=\"_ _2\"></span>rezz<span class=\"_ _1\"></span>o az<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _175\"> </span>22<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>2<span class=\"_ _2b0\"> </span>2<span class=\"_ _2\"></span>24<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2Uti<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(P<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>te) di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ese<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>prece<span class=\"_ _3\"></span>den<span class=\"_ _1\"></span>ti<span class=\"_ _87\"> </span>2<span class=\"_ _2\"></span>61<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _27a\"> </span>23<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>2Uti<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> del<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>\u2019es<span class=\"_ _3\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2b1\"> </span><span class=\"ff2b\">3<span class=\"_ _2\"></span>2,<span class=\"_ _16\"></span>1<span class=\"_ _17d\"> </span>5<span class=\"_ _2\"></span>1,<span class=\"_ _16\"></span>0</span>P<span class=\"_ _3\"></span>atri<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>o n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>tto<span class=\"_ _2\"></span> di<span class=\"_ _16\"></span> perti<span class=\"_ _16\"></span>nenz<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rup<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _264\"> </span>5<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _2b0\"> </span>51<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>4Capi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>se<span class=\"_ _3\"></span>rve di<span class=\"_ _16\"></span> perti<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>za di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>terz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _58\"> </span>3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>1,<span class=\"_ _16\"></span>8<span class=\"_ _2b0\"> </span>33<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>3Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>trim<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _6\"></span>tto<span class=\"_ _289\"> </span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>6,<span class=\"_ _3\"></span>8<span class=\"_ _21a\"> </span>8<span class=\"_ _3\"></span>47<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _265\"> </span>40<span class=\"_ _1\"></span>,0<span class=\"_ _2ab\"> </span>3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 no<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>oca<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _46\"> </span>1<span class=\"_ _1\"></span>33<span class=\"_ _1\"></span>,6<span class=\"_ _27a\"> </span>1<span class=\"_ _2\"></span>54<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9Trattam<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nto<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>ne rapp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rto<span class=\"_ _289\"> </span>4<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _17d\"> </span>4<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>8Fo<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>schi<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ed on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _274\"> </span>27<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _17d\"> </span>3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 per i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>oste di<span class=\"_ _16\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _2b2\"> </span>1<span class=\"_ _2\"></span>63<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _27a\"> </span>16<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>1Al<span class=\"_ _1\"></span>tre passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _2b3\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2ad\"> </span>1,<span class=\"_ _1\"></span>2Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>non co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti<span class=\"_ _2b4\"> </span>40<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _2a2\"> </span>4<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e<span class=\"_ _267\"> </span>31<span class=\"_ _1\"></span>,8<span class=\"_ _14d\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _6e\"> </span>36<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _7e\"> </span>0<span class=\"_ _1\"></span>,8<span class=\"_ _222\"> </span>2,<span class=\"_ _1\"></span>2%P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 c<span class=\"_ _3\"></span>orrent<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>per con<span class=\"_ _2\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>ocazi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _2f\"> </span>28<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _17d\"> </span>2<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>9Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> verso forn<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2a6\"> </span>3<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>,1<span class=\"_ _27a\"> </span>2<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> verso con<span class=\"_ _1\"></span>trol<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>anti<span class=\"_ _16\"></span>, col<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>egate e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>soci<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _2b5\"> </span>1<span class=\"_ _2\"></span>1,<span class=\"_ _16\"></span>8<span class=\"_ _157\"> </span>11<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _212\"> </span>1<span class=\"_ _1\"></span>00<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>%<span class=\"_ _2b6\"> </span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _7e\"> </span>7,<span class=\"_ _1\"></span>5<span class=\"_ _212\"> </span>1<span class=\"_ _1\"></span>00<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>%Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> tri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>tari<span class=\"_ _159\"> </span>23<span class=\"_ _1\"></span>,7<span class=\"_ _2ab\"> </span>20<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2Quo<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>brev<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> te<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ne fon<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span>d o<span class=\"_ _1\"></span>neri<span class=\"_ _2b7\"> </span>3<span class=\"_ _2\"></span>2,<span class=\"_ _16\"></span>0<span class=\"_ _17d\"> </span>3<span class=\"_ _2\"></span>0,<span class=\"_ _16\"></span>7Debi<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>versi<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>tre <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 c<span class=\"_ _3\"></span>orrent<span class=\"_ _1\"></span>i<span class=\"_ _d9\"> </span>10<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>4<span class=\"_ _27a\"> </span>11<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>orr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti<span class=\"_ _175\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,6<span class=\"_ _21a\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _29d\"> </span>94<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,3<span class=\"_ _21a\"> </span>9<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,8Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>trim<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _6\"></span>tto <span class=\"_ _3\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ivit\u00e0<span class=\"_ _2b7\"> </span>1<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,1<span class=\"_ _2ae\"> </span>1<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,5(*)  <span class=\"_ _1\"></span>  L<span class=\"_ _1\"></span>e o<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>eraz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _3\"></span>i con<span class=\"_ _3\"></span> l<span class=\"_ _2\"></span>e pa<span class=\"_ _3\"></span>rti <span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rrel<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> al<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a s<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ces<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i<span class=\"_ _2\"></span>va<span class=\"_ _3\"></span> no<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a 40<span class=\"_ _1\"></span> d<span class=\"_ _3\"></span>ell<span class=\"_ _1\"></span>e Not<span class=\"_ _3\"></span>e es<span class=\"_ _6\"></span>p<span class=\"_ _3\"></span>li<span class=\"_ _1\"></span>cat<span class=\"_ _3\"></span>ive.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1174-2": {
   "value": "27. C<span class=\"_ _1\"></span>assa <span class=\"_ _2\"></span>ed <span class=\"_ _1\"></span>altre<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span>sponi<span class=\"_ _1\"></span>bilit<span class=\"_ _2\"></span>\u00e0 l<span class=\"_ _2\"></span>iqu<span class=\"_ _2\"></span>ide<span class=\"_ _1\"></span> equi<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>lent<span class=\"_ _1\"></span>i La voce pu\u00f2 essere d<span class=\"_ _2\"></span>ettagliata com<span class=\"_ _2\"></span>e segu<span class=\"_ _1\"></span>e: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _22b\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>1V<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>neDepo<span class=\"_ _1\"></span>si<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ban<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ari5<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>9<span class=\"_ _8a\"> </span>11<span class=\"_ _1\"></span>2,<span class=\"_ _16\"></span>7<span class=\"_ _ae\"> </span>(5<span class=\"_ _1\"></span>8,<span class=\"_ _16\"></span>8)Denaro<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ass<span class=\"_ _3\"></span>a0<span class=\"_ _1\"></span>,4<span class=\"_ _23d\"> </span>0<span class=\"_ _1\"></span>,3<span class=\"_ _113\"> </span>0,<span class=\"_ _16\"></span>1Total<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>a e<span class=\"_ _6\"></span>d a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> di<span class=\"_ _2\"></span>s<span class=\"_ _6\"></span>poni<span class=\"_ _1\"></span>bil<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _1\"></span> liq<span class=\"_ _1\"></span>uid<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> e<span class=\"_ _6\"></span>qu<span class=\"_ _2\"></span>ival<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nt<span class=\"_ _2\"></span>i54<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _d7\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,0<span class=\"_ _b0\"> </span>(5<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>)La posizione fin<span class=\"_ _2\"></span>anziaria netta conso<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>idata al 31 d<span class=\"_ _2\"></span>icembre 2022, confrontata <span class=\"_ _2\"></span>con i valori d<span class=\"_ _2\"></span>i bilancio consolidato al <span class=\"_ _2\"></span>31 dicembre <span class=\"_ _2\"></span>2021, \u00e8 riepilogata nel<span class=\"_ _2\"></span>la seguente tabe<span class=\"_ _2\"></span>lla: Pos<span class=\"_ _14\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tta (m<span class=\"_ _1\"></span>ilioni d<span class=\"_ _2\"></span>i Eur<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>)<span class=\"_ _2f\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _6e\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _6\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _1a6\"> </span>V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>niCas<span class=\"_ _3\"></span>sa<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tre di<span class=\"_ _16\"></span>spo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>de e<span class=\"_ _3\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>val<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _23e\"> </span>5<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>3<span class=\"_ _23f\"> </span>1<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _ae\"> </span>(58<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>)Al<span class=\"_ _16\"></span>tre <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _16\"></span>t\u00e0 fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span> breve term<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ne<span class=\"_ _ed\"> </span>1,<span class=\"_ _16\"></span>0<span class=\"_ _1da\"> </span>0,<span class=\"_ _16\"></span>2<span class=\"_ _238\"> </span>0,<span class=\"_ _16\"></span>8Atti<span class=\"_ _0\"></span>vi<span class=\"_ _16\"></span>t\u00e0 e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0) <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> per s<span class=\"_ _3\"></span>tru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>deri<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>ati<span class=\"_ _2c\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _21\"> </span>(0,<span class=\"_ _16\"></span>3)<span class=\"_ _238\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>brev<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>term<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _240\"> </span>(3<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _e0\"> </span>(36<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4)<span class=\"_ _238\"> </span>4,<span class=\"_ _16\"></span>6Pos<span class=\"_ _14\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tta (Ind<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io 2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,3<span class=\"_ _239\"> </span>7<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,5<span class=\"_ _a6\"> </span>(52<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span>) a br<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> te<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>mi<span class=\"_ _2\"></span>neDe<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>o l<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>term<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ne<span class=\"_ _111\"> </span>(4<span class=\"_ _1\"></span>0,<span class=\"_ _16\"></span>0)<span class=\"_ _e0\"> </span>(3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _239\"> </span>(0,<span class=\"_ _16\"></span>4)Atti<span class=\"_ _0\"></span>vi<span class=\"_ _16\"></span>t\u00e0 e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0) <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>er <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> 0<span class=\"_ _1\"></span>,4<span class=\"_ _17a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _238\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3d<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>atiPos<span class=\"_ _14\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tta (Ind<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io (3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _241\"> </span>(3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)<span class=\"_ _2a\"> </span>(0<span class=\"_ _3\"></span>,1<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span>) a m<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>dio lun<span class=\"_ _1\"></span>g<span class=\"_ _6\"></span>o <span class=\"_ _3\"></span>te<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>mi<span class=\"_ _2\"></span>nePos<span class=\"_ _14\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tta (Ind<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io (1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>)<span class=\"_ _21\"> </span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,0<span class=\"_ _a6\"> </span>(52<span class=\"_ _6\"></span>,2<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span>)P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>per c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>tra<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ocaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>(e<span class=\"_ _3\"></span>x<span class=\"_ _2\"></span> IFRS<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>16<span class=\"_ _1\"></span>)<span class=\"_ _dc\"> </span>(1<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>2,<span class=\"_ _16\"></span>4)<span class=\"_ _19f\"> </span>(1<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _8a\"> </span><span class=\"ff23\">2<span class=\"_ _3\"></span>2<span class=\"_ _6\"></span>,4</span>Pos<span class=\"_ _14\"></span>iz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span> ne<span class=\"_ _6\"></span>tta (Ind<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io (1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,6<span class=\"_ _6\"></span>)<span class=\"_ _eb\"> </span>(1<span class=\"_ _3\"></span>4<span class=\"_ _6\"></span>7,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _b0\"> </span>(2<span class=\"_ _6\"></span>9,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto<span class=\"_ _3\"></span>) c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>oL\u2019indebitamento <span class=\"_ _6\"></span>finanz<span class=\"ff21\">iario <span class=\"_ _6\"></span>netto <span class=\"_ _6\"></span>consolidato <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>31 <span class=\"_ _14\"></span>dicembre <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>risulta <span class=\"_ _14\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _6\"></span>15,2 <span class=\"_ _14\"></span>milioni con <span class=\"_ _14\"></span>una </span>variazione di <span class=\"_ _3\"></span>Euro 52,2 milioni <span class=\"_ _3\"></span>rispetto <span class=\"_ _2\"></span>a fine <span class=\"_ _1\"></span>2021 (al <span class=\"_ _2\"></span>31 dice<span class=\"_ _2\"></span>mbre 2021 i<span class=\"_ _3\"></span>l Gruppo <span class=\"_ _3\"></span>presentava una posizione finanziaria netta po<span class=\"_ _2\"></span>sitiva per Euro 37 <span class=\"_ _2\"></span>milioni).  Al<span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019indebitam<span class=\"_ _2\"></span>ento finanziario netto <span class=\"ff21\">di <span class=\"ls31\">RCS</span> \u00e8 <span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>31,6 milioni (al <span class=\"_ _1\"></span>31 dicembre <span class=\"_ _2\"></span>2021 </span></span></span>RCS<span class=\"ls0\"> <span class=\"_ _1\"></span>pr<span class=\"_ _3\"></span>esentava <span class=\"_ _2\"></span>una posiz<span class=\"_ _2\"></span>ione finanziar<span class=\"_ _2\"></span>ia netta positiv<span class=\"_ _2\"></span>a per Euro <span class=\"ls7\">16</span>,7 milioni).  </span>La <span class=\"_ _a1\"> </span>posizione <span class=\"_ _a1\"> </span>finanziaria<span class=\"_ _2\"></span> <span class=\"_ _a1\"> </span>netta <span class=\"_ _a1\"> </span>complessiva <span class=\"_ _a1\"> </span>\u00e8 <span class=\"_ _a1\"> </span>stata <span class=\"_ _a1\"> </span>impattata <span class=\"_ _a1\"> </span>negativamente <span class=\"_ _a1\"> </span>dagli <span class=\"_ _a1\"> </span>investimenti <span class=\"_ _a1\"> </span>in immobilizzaz<span class=\"_ _2\"></span>ioni, <span class=\"_ _14\"></span>tra <span class=\"_ _14\"></span>cui <span class=\"_ _6\"></span>l\u2019acquisto <span class=\"_ _14\"></span>dell\u2019immob<span class=\"_ _2\"></span>ile <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>vi<span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>Solferino <span class=\"_ _6\"></span>per <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>59,9 <span class=\"_ _14\"></span>milion<span class=\"_ _2\"></span>i, <span class=\"_ _7\"> </span><span class=\"ff21\">dagli <span class=\"_ _14\"></span>effetti <span class=\"_ _14\"></span>netti </span>delle de dagl<span class=\"_ _2\"></span>i oneri non ricorr<span class=\"_ _2\"></span>enti. L\u2019indebitamento<span class=\"ff21\"> <span class=\"_ _0\"></span>finanziar<span class=\"_ _2\"></span>io <span class=\"_ _0\"></span>netto <span class=\"_ _16\"></span>complessivo, <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>comprende <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _16\"></span>passiv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _16\"></span>finanziarie <span class=\"_ _1\"></span>relative <span class=\"_ _1\"></span>a co<span class=\"_ _2\"></span>ntratti </span></span></span>di <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>iscritti in <span class=\"_ _6\"></span>bilancio ex <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16 <span class=\"_ _6\"></span>(princ<span class=\"_ _2\"></span>ipalmente l<span class=\"_ _3\"></span>ocazioni di <span class=\"_ _3\"></span>immobili) <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>62,4 <span class=\"_ _3\"></span>milioni, ammonta a Euro 177,6 milioni con una variaz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>one negativa di Euro 29,8 milioni rispetto al 31 dice<span class=\"_ _2\"></span>mbre 2021 (Euro 147,8 milioni<span class=\"_ _2\"></span>) Di <span class=\"_ _15\"> </span>seguito <span class=\"_ _15\"> </span>si <span class=\"_ _12\"> </span>espone <span class=\"_ _15\"> </span>il <span class=\"_ _12\"> </span>dettagl<span class=\"_ _2\"></span>io <span class=\"_ _15\"> </span>della <span class=\"_ _12\"> </span>Posizione <span class=\"_ _15\"> </span>Finanziar<span class=\"_ _2\"></span>ia <span class=\"_ _15\"> </span>Netta <span class=\"_ _15\"> </span>Complessiva <span class=\"_ _15\"> </span>cos\u00ec <span class=\"_ _15\"> </span>come <span class=\"_ _12\"> </span>definita <span class=\"_ _15\"> </span>dagli \u201cOrientamenti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>materia <span class=\"_ _6\"></span>di obblighi <span class=\"_ _6\"></span>informativi ai <span class=\"_ _6\"></span>sensi <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>regolamento sul <span class=\"_ _14\"></span>pro<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>pet<span class=\"_ _2\"></span>to\u201d<span class=\"_ _2\"></span><span class=\"ff21\"> pub<span class=\"_ _1\"></span>blica<span class=\"_ _1\"></span>ti <span class=\"ls7\">da</span> ES<span class=\"_ _2\"></span>MA<span class=\"_ _1\"></span> </span>in<span class=\"ls0\"> <span class=\"_ _16\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>4 <span class=\"_ _16\"></span>marz<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span><span class=\"ls7\">2021<span class=\"ls0\"> <span class=\"_ _16\"></span>con <span class=\"_ _16\"></span><span class=\"ls17\">il<span class=\"ls0\"> <span class=\"_ _16\"></span>do<span class=\"_ _2\"></span>cum<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span><span class=\"ff24\">\u201cES<span class=\"_ _1\"></span>MA32<span class=\"_ _2\"></span><span class=\"ff21\">-<span class=\"ls7\">382</span>-<span class=\"_ _1\"></span><span class=\"ff24\">1138\u201d<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff21\">e <span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>preso <span class=\"_ _16\"></span>da <span class=\"_ _1\"></span>CONSOB <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>5/21 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span><span class=\"ls7\">29<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>aprile <span class=\"_ _1\"></span>2021. </span></span></span></span></span></span></span></span></span></span></span>Tale vo<span class=\"_ _2\"></span>ce <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> passivi<span class=\"_ _2\"></span>t\u00e0 finan<span class=\"_ _2\"></span>ziarie relative a cont<span class=\"_ _2\"></span>ratti di locazion<span class=\"_ _2\"></span>e a breve e/o a lungo <span class=\"_ _2\"></span>termine e i debiti<span class=\"_ _2\"></span> </span></span>non <span class=\"_ _11\"> </span>r<span class=\"_ _3\"></span>emunerati, <span class=\"_ _11\"> </span>che <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>esentano <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>significativa <span class=\"_ _12\"> </span>componente <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>fi<span class=\"_ _3\"></span>nanziamen<span class=\"_ _2\"></span>to <span class=\"_ _12\"> </span>implicito <span class=\"_ _12\"> </span>o <span class=\"_ _11\"> </span>esplicito <span class=\"_ _12\"> </span>(ad esempio i debiti <span class=\"_ _2\"></span>verso forni<span class=\"_ _2\"></span>tori con una scadenza <span class=\"_ _2\"></span>superiore a 12 <span class=\"_ _2\"></span>mesi), ed eventual<span class=\"_ _2\"></span>i altri prestiti in<span class=\"_ _2\"></span>fr<span class=\"_ _2\"></span>utt<span class=\"_ _1\"></span>ifer<span class=\"_ _2\"></span>i.<span class=\"_ _2\"></span> Ind<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bita<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tto3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _1a6\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _6\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _18c\"> </span>V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ni(m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)A  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>de<span class=\"_ _242\"> </span>5<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>,3<span class=\"_ _23a\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _23\"> </span>(5<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>)B   <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Mez<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>equ<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>val<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> a<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span>spo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>de<span class=\"_ _10f\"> </span><span class=\"fc0\">-<span class=\"_ _122\"> </span></span>-<span class=\"_ _3e\"> </span><span class=\"fc0\">-</span>C   <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Al<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _243\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _d4\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _d4\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6D  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Liqu<span class=\"_ _1\"></span>idi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(A+<span class=\"_ _3\"></span>B<span class=\"_ _6\"></span>+<span class=\"_ _3\"></span>C)<span class=\"_ _14c\"> </span>5<span class=\"_ _3\"></span>6<span class=\"_ _6\"></span>,2<span class=\"_ _2a\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _23f\"> </span>(5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1<span class=\"_ _6\"></span>)E   <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrente<span class=\"_ _236\"> </span>(35<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _23\"> </span>(42<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _58\"> </span>6,<span class=\"_ _16\"></span>5d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>Pas<span class=\"_ _3\"></span>sivit\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rre<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tti d<span class=\"_ _3\"></span>i loc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _b8\"> </span>(28<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _1ee\"> </span>(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>)<span class=\"_ _b3\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1F    <span class=\"_ _3\"></span> P<span class=\"_ _6\"></span>arte <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> debi<span class=\"_ _0\"></span>to fi<span class=\"_ _16\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _1\"></span>te<span class=\"_ _22e\"> </span>(2<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7)<span class=\"_ _23\"> </span>(2<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3)<span class=\"_ _43\"> </span>(0,<span class=\"_ _16\"></span>4)G<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> I<span class=\"_ _3\"></span>nd<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>iar<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nte<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>(E+<span class=\"_ _3\"></span>F)<span class=\"_ _233\"> </span>(60<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _1ee\"> </span>(6<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _b3\"> </span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1H <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> I<span class=\"_ _3\"></span>nd<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bi<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>(di<span class=\"_ _2\"></span>s<span class=\"_ _6\"></span>ponib<span class=\"_ _1\"></span>ilit\u00e0<span class=\"_ _1\"></span>) <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nte<span class=\"_ _6\"></span> (4<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)<span class=\"_ _238\"> </span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _23f\"> </span>(5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span> - D<span class=\"_ _3\"></span>)I  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>o no<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>te<span class=\"_ _244\"> </span>(1<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>2)<span class=\"_ _ae\"> </span>(1<span class=\"_ _1\"></span>94<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _8e\"> </span>21<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>Pas<span class=\"_ _3\"></span>sivit\u00e0 <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tti di lo<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _166\"> </span>(1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _aa\"> </span>(15<span class=\"_ _6\"></span>4,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>)<span class=\"_ _238\"> </span>2<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3J  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> Stru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deb<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _1b0\"> </span><span class=\"fc0\">-<span class=\"_ _122\"> </span></span>-<span class=\"_ _3e\"> </span><span class=\"fc0\">-</span>K  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> D<span class=\"_ _3\"></span>ebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>ebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _19a\"> </span>-<span class=\"_ _122\"> </span><span class=\"fc0\">-</span>L   <span class=\"_ _3\"></span> <span class=\"_ _3\"></span> Inde<span class=\"_ _6\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> no<span class=\"_ _3\"></span>n co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nte<span class=\"_ _6\"></span> (I+<span class=\"_ _3\"></span>J<span class=\"_ _3\"></span>+<span class=\"_ _3\"></span>K<span class=\"_ _3\"></span>)<span class=\"_ _5a\"> </span>(1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _a7\"> </span>(1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>)<span class=\"_ _238\"> </span>2<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2M<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>To<span class=\"_ _3\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _2\"></span>de<span class=\"_ _6\"></span>bi<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto (dis<span class=\"_ _6\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>lit\u00e0<span class=\"_ _1\"></span>) f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span> (1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _aa\"> </span>(14<span class=\"_ _3\"></span>7<span class=\"_ _6\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _1ee\"> </span>(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)co<span class=\"_ _3\"></span>mp<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(H+<span class=\"_ _3\"></span>L)Le passivit\u00e0 finan<span class=\"_ _2\"></span>ziarie del G<span class=\"_ _2\"></span>ruppo sono commentate n<span class=\"_ _1\"></span>el<span class=\"_ _3\"></span>la successiva Nota <span class=\"ls1\">29.<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f62183": {
   "value": "istribuzioni<span class=\"_ _2\"></span> di dividendi per Eu<span class=\"_ _1\"></span>ro <span class=\"_ _3\"></span>36,3 milioni ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1211-2": {
   "value": "Il capitale sociale della Cairo Communication S.p.A., interament<span class=\"_ _2\"></span>e sottoscritto e versato, \u00e8 pari<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre </span></span>2022 <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>Euro<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>7 <span class=\"_ _16\"></span>milioni <span class=\"_ _16\"></span><span class=\"ls3\">ed<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>\u00e8 <span class=\"_ _1\"></span>costituito <span class=\"_ _16\"></span><span class=\"ls7\">da<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>n. <span class=\"_ _1\"></span>134.416.598 <span class=\"_ _0\"></span>azioni <span class=\"_ _1\"></span>ordinarie, <span class=\"_ _1\"></span>se<span class=\"_ _3\"></span>nza <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ndicazione<span class=\"_ _2\"></span> del <span class=\"_ _2\"></span>valore<span class=\"_ _2\"></span> nominale. </span></span></span></span>Ai<span class=\"ls0\"> <span class=\"_ _f\"> </span>sensi <span class=\"_ _f\"> </span>dello <span class=\"_ _10\"> </span>Statuto <span class=\"_ _f\"> </span><span class=\"ls17\">le</span> <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>nominative,<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>indivisibili <span class=\"_ _10\"> </span>e <span class=\"_ _f\"> </span>liberamente <span class=\"_ _10\"> </span>trasferibili. <span class=\"_ _6\"></span>Sono <span class=\"_ _f\"> </span>salve <span class=\"_ _10\"> </span><span class=\"ls17\">le<span class=\"_ _3\"></span></span> </span>disposizioni <span class=\"_ _14\"></span><span class=\"ls6\">in</span> <span class=\"_ _6\"></span>materia <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>rappresentazion<span class=\"_ _2\"></span>e, <span class=\"_ _14\"></span>legittimazione, <span class=\"_ _14\"></span>circolazi<span class=\"_ _2\"></span>one <span class=\"_ _1\"></span>della <span class=\"_ _16\"></span>partecipazione <span class=\"_ _16\"></span>sociale <span class=\"_ _1\"></span>previste<span class=\"_ _2\"></span> per <span class=\"_ _14\"></span>i <span class=\"_ _14\"></span>titoli <span class=\"_ _14\"></span>negoziati <span class=\"_ _6\"></span>nei <span class=\"_ _14\"></span>mercati <span class=\"_ _14\"></span>regolament<span class=\"_ _2\"></span>ati. <span class=\"_ _14\"></span>Ogni <span class=\"_ _6\"></span>azione <span class=\"_ _14\"></span>attribuisce <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _14\"></span>diritto <span class=\"_ _6\"></span>ad <span class=\"_ _14\"></span>una <span class=\"_ _14\"></span>parte <span class=\"_ _14\"></span>proporzionale<span class=\"_ _2\"></span> degli utili di cui sia deliberata la distribuzione <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>patrimonio netto <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>isultante <span class=\"_ _3\"></span>dalla liquidazione <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"_ _3\"></span><span class=\"ls6\">il</span> <span class=\"_ _3\"></span>diritto di <span class=\"_ _1\"></span>voto, <span class=\"_ _2\"></span>sen<span class=\"_ _1\"></span>za <span class=\"_ _16\"></span>limitazioni <span class=\"_ _16\"></span>diverse <span class=\"_ _16\"></span>da <span class=\"_ _1\"></span>quelle <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>legge. <span class=\"_ _1\"></span>Non <span class=\"_ _16\"></span>sono <span class=\"_ _1\"></span>stati <span class=\"_ _16\"></span>emessi <span class=\"_ _16\"></span>tit<span class=\"_ _3\"></span>oli <span class=\"_ _16\"></span>che <span class=\"_ _16\"></span>conferiscono <span class=\"_ _1\"></span>diritti <span class=\"_ _16\"></span>speciali di <span class=\"_ _14\"></span>controllo. <span class=\"_ _6\"></span>Non <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>stati <span class=\"_ _6\"></span>emessi <span class=\"_ _14\"></span>strumenti <span class=\"_ _6\"></span>finanziari <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>attribuiscano <span class=\"_ _6\"></span>il <span class=\"_ _14\"></span>diritto <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>sottoscriv<span class=\"_ _2\"></span>ere <span class=\"_ _6\"></span>azioni <span class=\"_ _14\"></span>di nuova <span class=\"_ _3\"></span>emissione. <span class=\"_ _6\"></span>Non <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>previsti <span class=\"_ _6\"></span>piani <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>incentivazione <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>bas<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>azionaria <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>comportino <span class=\"_ _3\"></span>aumenti, <span class=\"_ _6\"></span>anche gratuiti, del cap<span class=\"_ _2\"></span>itale sociale<span class=\"_ _2\"></span>. La<span class=\"ls0\"> se<span class=\"_ _2\"></span>guente <span class=\"_ _1\"></span>tabella <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ostra <span class=\"_ _2\"></span><span class=\"ls17\">la<span class=\"ls0\"> ricon<span class=\"_ _2\"></span>ciliazione <span class=\"_ _1\"></span>tra <span class=\"ls17\">il</span> <span class=\"_ _1\"></span>numero <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> circo<span class=\"_ _2\"></span>lazione <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> 31 <span class=\"_ _1\"></span>dicembre 2022 <span class=\"_ _1\"></span>e il </span></span></span></span></span></span></span>numero delle azion<span class=\"_ _2\"></span>i in circolazione<span class=\"_ _2\"></span> al 31 dicemb<span class=\"_ _2\"></span>re 2021: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _245\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Aum<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>Ca<span class=\"_ _2\"></span>pi<span class=\"_ _1\"></span>tale<span class=\"_ _3\"></span> Acqu<span class=\"_ _2\"></span>is<span class=\"_ _6\"></span>to/ Ce<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ione<span class=\"_ _6\"></span> 31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2Socia<span class=\"_ _2\"></span>lea<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>oni pr<span class=\"_ _16\"></span>o<span class=\"_ _3\"></span>pr<span class=\"_ _1\"></span>ieAz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>emesse<span class=\"_ _b8\"> </span>1<span class=\"_ _1\"></span>34<span class=\"_ _1\"></span>.41<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.59<span class=\"_ _1\"></span>8<span class=\"_ _f7\"> </span>-<span class=\"_ _df\"> </span>-<span class=\"_ _1a6\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>.41<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>.59<span class=\"_ _1\"></span>8Az<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>pri<span class=\"_ _16\"></span>e<span class=\"_ _1b9\"> </span>(77<span class=\"_ _1\"></span>9)<span class=\"_ _f7\"> </span>-<span class=\"_ _df\"> </span>-<span class=\"_ _26\"> </span>(77<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>)Az<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span> o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> in cir<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>la<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ne<span class=\"_ _18c\"> </span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>9<span class=\"_ _143\"> </span>-<span class=\"_ _df\"> </span>-<span class=\"_ _206\"> </span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>.4<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>9",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1224-2": {
   "value": "Nel <span class=\"_ _15\"> </span>corso <span class=\"_ _15\"> </span>del <span class=\"_ _15\"> </span>2022, <span class=\"_ _12\"> </span>nell\u2019a<span class=\"_ _2\"></span>mbito <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>programmi <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>acquisto <span class=\"_ _15\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>azioni <span class=\"_ _8\"></span>proprie, <span class=\"_ _15\"> </span>non <span class=\"_ _12\"> </span>sono <span class=\"_ _8\"></span>state <span class=\"_ _12\"> </span>vendute <span class=\"_ _8\"></span><span class=\"ls7\">n\u00e9</span> acquistate azioni prop<span class=\"_ _2\"></span>rie. Alla data de<span class=\"_ _2\"></span>l 31 dicembre 20<span class=\"_ _2\"></span>22 Cairo Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _3\"></span>possedeva <span class=\"_ _2\"></span>un <span class=\"_ _1\"></span>totale <span class=\"ls7\">di</span> <span class=\"_ _1\"></span>n. 779<span class=\"_ _2\"></span> azioni proprie, <span class=\"_ _3\"></span>pari allo <span class=\"_ _3\"></span>0,001% del <span class=\"_ _3\"></span>capitale sociale per <span class=\"_ _3\"></span><span class=\"ls17\">le</span> <span class=\"_ _3\"></span><span class=\"ff24\">quali <span class=\"_ _14\"></span>si <span class=\"_ _14\"></span>applica <span class=\"_ _14\"></span>la <span class=\"_ _7\"></span>disciplin<span class=\"_ _2\"></span>a <span class=\"_ _14\"></span>dell\u2019art. <span class=\"_ _14\"></span>2357<span class=\"ff21\">-ter <span class=\"_ _14\"></span>del </span></span>codice civile.<span class=\"fs0\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1228-2": {
   "value": "La<span class=\"ls0\"> <span class=\"_ _16\"></span>voce <span class=\"_ _1\"></span>Utili <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>esercizi <span class=\"_ _16\"></span>precedenti <span class=\"_ _16\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _16\"></span><span class=\"ls4\">al<span class=\"ls6\">tre<span class=\"ls0\"> <span class=\"_ _16\"></span>riserve, <span class=\"_ _16\"></span>pari <span class=\"_ _16\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _16\"></span>Euro <span class=\"_ _1\"></span>261,7 <span class=\"_ _16\"></span>milioni <span class=\"_ _16\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>31 <span class=\"_ _1\"></span>dicembre 2022, incl<span class=\"_ _2\"></span>ude: </span></span></span></span></span></span></span></span></span></span><span class=\"ff21 fs2 fc0\">per Euro 262,3 mil<span class=\"_ _2\"></span>ioni, utili r<span class=\"_ _2\"></span>iportati a <span class=\"ls7\">nuovo;</span> </span><span class=\"ff21 fs2 fc0\">per Euro 1,4 milioni, la r<span class=\"_ _2\"></span>iserva leg<span class=\"_ _1\"></span>ale;<span class=\"_ _1\"></span> </span><span class=\"ff21 fs2 fc0\">per <span class=\"_ _6\"></span>negativi <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ilione <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>riserva <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>valutazione <span class=\"_ _3\"></span>(Euro <span class=\"_ _6\"></span>3,<span class=\"_ _3\"></span>7 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2021) <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>costituita </span>dal<span class=\"ls6\">la</span> <span class=\"_ _1\"></span>riserva <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>conversione <span class=\"_ _16\"></span>utilizzata <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>registrare <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> <span class=\"_ _1\"></span>differenze <span class=\"_ _1\"></span>cambio <span class=\"_ _2\"></span>nonch\u00e9 <span class=\"_ _1\"></span>la rile<span class=\"_ _2\"></span>vazione <span class=\"_ _1\"></span>di utili <span class=\"_ _1\"></span>e pe<span class=\"_ _2\"></span>rdite </span></span></span></span>attuariali nell\u2019amb<span class=\"_ _2\"></span>ito del processo di attualizza<span class=\"_ _2\"></span>zione del tratta<span class=\"_ _2\"></span>mento di fine rapporto<span class=\"ff21\"> nonch\u00e9 il relativo effetto </span>fiscale. <span class=\"ff21 fs2 fc0\">per <span class=\"_ _15\"></span>positivi <span class=\"_ _7\"></span>Euro <span class=\"_ _8\"></span>0,8 <span class=\"_ _8\"></span>mili<span class=\"_ _3\"></span>oni, <span class=\"_ _8\"></span>la <span class=\"_ _8\"></span>riserva <span class=\"_ _8\"></span><span class=\"ff26\">cash <span class=\"_ _8\"></span>flow <span class=\"_ _8\"></span>hedge <span class=\"_ _15\"></span></span>che <span class=\"_ _7\"></span>comprende <span class=\"_ _8\"></span>gli <span class=\"_ _8\"></span>effetti <span class=\"_ _8\"></span>rilevati <span class=\"_ _8\"></span>dire<span class=\"_ _3\"></span>ttamente <span class=\"_ _7\"></span>a </span>patrimonio net<span class=\"_ _2\"></span>to come de<span class=\"_ _2\"></span>sunti dalla <span class=\"_ _1\"></span>valutazione <span class=\"ls4\">a </span><span class=\"ff26\">fair <span class=\"_ _2\"></span>value <span class=\"ff21\">degl<span class=\"_ _2\"></span>i strumenti <span class=\"_ _2\"></span>finanziari de<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ivati a cope<span class=\"_ _2\"></span>rtura dei </span></span>flussi per varia<span class=\"_ _2\"></span>zioni di tasso, nonch<span class=\"_ _2\"></span>\u00e9 il relativo e<span class=\"_ _2\"></span>ffetto fis<span class=\"_ _2\"></span>cal<span class=\"_ _1\"></span>e; per <span class=\"_ _5\"> </span>n<span class=\"_ _2\"></span>egativi <span class=\"_ _4\"> </span>Euro <span class=\"_ _f\"> </span>1,8 <span class=\"_ _4\"> </span>milioni, <span class=\"_ _4\"> </span>la <span class=\"_ _4\"> </span>riserva <span class=\"_ _4\"> </span>da <span class=\"_ _4\"> </span>attivit\u00e0 <span class=\"_ _4\"> </span>finanziarie <span class=\"_ _f\"> </span>valutate <span class=\"_ _4\"> </span>al <span class=\"_ _5\"> </span>fair <span class=\"_ _4\"> </span>value <span class=\"_ _4\"> </span>through <span class=\"_ _f\"> </span>other comprehensive <span class=\"_ _1\"></span>income<span class=\"ff21\">. <span class=\"ff24\">C<span class=\"_ _2\"></span>omprende <span class=\"_ _1\"></span>gli effe<span class=\"_ _2\"></span>tti <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span>dalla valuta<span class=\"_ _2\"></span>zione <span class=\"_ _2\"></span>degli <span class=\"_ _1\"></span>\u201cAltri s<span class=\"_ _2\"></span>trumenti <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>pitale <span class=\"_ _1\"></span>non </span></span>correnti\u201d. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1241-2": {
   "value": "29. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> e <span class=\"_ _2\"></span>pas<span class=\"_ _2\"></span>siv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>inanzi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ie <span class=\"_ _2\"></span>non<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>orre<span class=\"_ _1\"></span>nti L<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>vo<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span> \u201c<span class=\"_ _1\"></span>de<span class=\"_ _2\"></span>bi<span class=\"_ _1\"></span>ti <span class=\"_ _16\"></span>e <span class=\"_ _1\"></span>pas<span class=\"_ _1\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>rie<span class=\"_ _1\"></span> n<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>or<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>i\u201d<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>ar<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>E<span class=\"_ _2\"></span>ur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span><span class=\"ff21 ls1\">40<span class=\"ls0\"> m<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _1\"></span>3<span class=\"ls1\">9,</span>6<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>il<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>ni<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>31<span class=\"_ _1\"></span> d<span class=\"_ _1\"></span>ice<span class=\"_ _1\"></span>mb<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span> 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>1<span class=\"ls6a\">) </span></span></span>in<span class=\"_ _1\"></span>cl<span class=\"_ _2\"></span>ud<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>rte<span class=\"_ _1\"></span> n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n <span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span> de<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _2\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>ba<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>. <span class=\"_ _1\"></span> Di seguito sono descritti i principali finanz<span class=\"_ _2\"></span>iamenti ban<span class=\"_ _1\"></span>cari:<span class=\"_ _1\"></span> Ind<span class=\"_ _2\"></span>ebi<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ario<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> <span class=\"ls6b\">RCS</span> Il <span class=\"_ _2\"></span>Contratto d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> Fin<span class=\"_ _2\"></span>anziamento <span class=\"_ _1\"></span>sottoscritto da <span class=\"_ _1\"></span>RCS nel<span class=\"_ _2\"></span>l\u2019agosto <span class=\"_ _2\"></span>2017 <span class=\"_ _2\"></span>e po<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>negoziato <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>l 1<span class=\"_ _2\"></span>0 ott<span class=\"_ _2\"></span>obre <span class=\"_ _2\"></span>2018 <span class=\"_ _2\"></span>non ha<span class=\"_ _1\"></span> subito modifiche <span class=\"_ _2\"></span>nel corso del 20<span class=\"_ _2\"></span>22. I principali termini e cond<span class=\"_ _1\"></span>izioni del<span class=\"_ _3\"></span> finanzia<span class=\"_ _2\"></span>mento sono, inter alia, i se<span class=\"_ _2\"></span>gue<span class=\"_ _1\"></span>nti:<span class=\"_ _1\"></span> a)<span class=\"ff29 ls0\"> <span class=\"_\"> </span><span class=\"ff21 fs2 fc0\">scadenza al 31 dice<span class=\"_ _2\"></span>mbre 20<span class=\"_ _2\"></span>23<span class=\"_ _2\"></span>; </span></span>b) <span class=\"_ _12\"> </span><span class=\"ff21 fs2 fc0 ls6\">la<span class=\"ls0\"> suddivisione <span class=\"_ _1\"></span>del finanziamen<span class=\"_ _2\"></span>to <span class=\"ls6\">in</span> <span class=\"_ _1\"></span>una linea <span class=\"_ _2\"></span>di cred<span class=\"_ _2\"></span>ito <span class=\"ff26\">term <span class=\"_ _1\"></span>amortising <span class=\"ff21\">(al <span class=\"_ _1\"></span>31 dicembre 2022<span class=\"ls5\">) </span>di importo </span></span></span></span>residuo pari a <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>25 milioni e <span class=\"_ _3\"></span>una li<span class=\"_ _3\"></span>nea di credito <span class=\"_ _3\"></span><span class=\"ff26\">revolving <span class=\"ff24\">dell\u2019importo </span></span>originario di <span class=\"_ _3\"></span>Euro 125 milioni che si \u00e8 ridotta a E<span class=\"_ _2\"></span>uro 60 milioni i<span class=\"_ _2\"></span>l 31 dicembre 20<span class=\"_ _2\"></span>22 (non utilizzata al 31 d<span class=\"_ _2\"></span>icembre 2022<span class=\"ls5\">);<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span>c) <span class=\"_ _10\"> </span><span class=\"ff21 fs2 fc0\">un tasso di interess<span class=\"_ _2\"></span>e annuo pari a<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>la somma di Eurib<span class=\"_ _2\"></span>or di riferiment<span class=\"_ _2\"></span>o e un mar<span class=\"_ _2\"></span>gine variab<span class=\"_ _2\"></span>ile, a seconda <span class=\"_ _2\"></span>del </span>Leverage Ratio<span class=\"ff21\">;<span class=\"_ _2\"></span> </span>d) <span class=\"_ _12\"> </span>la <span class=\"_ _17\"> </span>previ<span class=\"_ _2\"></span>sione <span class=\"_ _5\"> </span>di <span class=\"_ _5\"> </span>un <span class=\"_ _17\"> </span>unico <span class=\"_ _5\"> </span><span class=\"ff26\">covenant <span class=\"_ _5\"> </span></span>rappresentato <span class=\"_ _5\"> </span>dal <span class=\"_ _17\"> </span>Leverag<span class=\"_ _2\"></span>e <span class=\"_ _5\"> </span>Ratio <span class=\"_ _17\"> </span>(i.e. <span class=\"_ _5\"> </span>Posizione <span class=\"_ _5\"> </span>Finanziaria Netta/EBITDA<span class=\"_ _2\"></span>). <span class=\"_ _1\"></span>Tale <span class=\"_ _16\"></span>covenant, <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>partire <span class=\"_ _1\"></span>dal <span class=\"_ _16\"></span>2019, <span class=\"_ _1\"></span>non <span class=\"_ _16\"></span>deve <span class=\"_ _16\"></span>essere <span class=\"_ _1\"></span>superiore <span class=\"_ _1\"></span>a 3<span class=\"_ _2\"></span>x <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>di ciascun anno; e)<span class=\"ff29 ls0\"> <span class=\"_\"> </span><span class=\"ff21 fs2 fc0\">un piano <span class=\"_ _3\"></span>ammortamento <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>credito <span class=\"_ _3\"></span><span class=\"ff26\">term <span class=\"_ _3\"></span>amortising <span class=\"_ _3\"></span></span>che <span class=\"_ _3\"></span>prevede <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>rimborso <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>ate <span class=\"_ _3\"></span>semestrali </span></span>di Euro 12,5 mil<span class=\"_ _2\"></span>ioni. Il <span class=\"_\"> </span>contratto <span class=\"_\"> </span>di <span class=\"_\"> </span>finanz<span class=\"_ _2\"></span>iamento <span class=\"_\"> </span>contiene <span class=\"_\"> </span>p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>evisioni <span class=\"_\"> </span>relat<span class=\"_ _2\"></span>ive <span class=\"_\"> </span>ad <span class=\"_\"> </span>eventi <span class=\"_\"> </span>di <span class=\"_\"> </span>ri<span class=\"_ _2\"></span>mborso <span class=\"_\"> </span>a<span class=\"_ _3\"></span>nticipato <span class=\"_\"> </span>obb<span class=\"_ _1\"></span>liga<span class=\"_ _2\"></span>tor<span class=\"_ _1\"></span>io, dic<span class=\"_ _2\"></span>hia<span class=\"_ _2\"></span>ra<span class=\"_ _2\"></span>zio<span class=\"_ _1\"></span>ni, <span class=\"_ _16\"></span>obb<span class=\"_ _1\"></span>ligh<span class=\"_ _2\"></span>i, <span class=\"_ _0\"></span>even<span class=\"_ _1\"></span>ti <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>revo<span class=\"_ _2\"></span>ca<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _16\"></span>sogl<span class=\"_ _2\"></span>ie <span class=\"_ _0\"></span><span class=\"ls1\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>mater<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>lit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>mple<span class=\"_ _1\"></span>ssiv<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>e <span class=\"_ _16\"></span>pi\u00f9 <span class=\"_ _1\"></span>favorevoli <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>RCS <span class=\"_ _1\"></span>rispetto </span></span></span></span>al <span class=\"_ _7\"></span>precedente <span class=\"_ _14\"></span>contratto <span class=\"_ _14\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>finanziamento. <span class=\"_ _7\"></span>Tali <span class=\"_ _14\"></span>clausole <span class=\"_ _14\"></span>si <span class=\"_ _8\"></span>ap<span class=\"_ _2\"></span>pl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>-<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>ti<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>es<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>pl<span class=\"_ _2\"></span>if<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>- <span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>p<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>vi<span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i re<span class=\"_ _1\"></span>la<span class=\"_ _2\"></span>ti<span class=\"_ _1\"></span>ve<span class=\"_ _2\"></span> a ac<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>rd<span class=\"_ _1\"></span>i <span class=\"ls1\">di</span> te<span class=\"_ _1\"></span>so<span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span> e fi<span class=\"_ _1\"></span>na<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>i e <span class=\"_ _3\"></span>garan<span class=\"_ _1\"></span>zie <span class=\"_ _3\"></span>inf<span class=\"_ _2\"></span>rag<span class=\"_ _1\"></span>ruppo<span class=\"_ _2\"></span>, acqu<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>izio<span class=\"_ _1\"></span>ni, <span class=\"ff26\">join<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>ven<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>es<span class=\"ff21\">,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>inv<span class=\"_ _2\"></span>est<span class=\"_ _1\"></span>imen<span class=\"_ _2\"></span>ti e </span></span>rio<span class=\"_ _2\"></span>rga<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>zza<span class=\"_ _1\"></span>zion<span class=\"_ _2\"></span>i <span class=\"_ _16\"></span>cons<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>i, <span class=\"_ _0\"></span>assunzione <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>indebitamento <span class=\"_ _16\"></span>finanziario, <span class=\"_ _0\"></span>atti <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>disposizione <span class=\"_ _0\"></span>e <span class=\"_ _16\"></span>riduzione <span class=\"_ _0\"></span>del <span class=\"_ _16\"></span>capitale. Nel <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ese <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>ottobre <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _3\"></span>stipulato <span class=\"_ _3\"></span>un <span class=\"_ _14\"></span>nuovo <span class=\"_ _3\"></span>contratto <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>finanziamento <span class=\"_ _6\"></span><span class=\"ff26\">amortizing</span> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>un <span class=\"_ _3\"></span>importo <span class=\"_ _6\"></span>pari <span class=\"_ _3\"></span>a Euro <span class=\"_ _3\"></span>30 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>Line <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Credito <span class=\"_ _3\"></span>Revolving dell\u2019importo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>milioni. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>Euro 30 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>ha scadenza <span class=\"_ _6\"></span>31 <span class=\"_ _14\"></span>dicembre <span class=\"_ _6\"></span>2027 <span class=\"_ _6\"></span>ed <span class=\"_ _14\"></span>ha <span class=\"_ _14\"></span>un <span class=\"_ _6\"></span>piano <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>ammortamento <span class=\"_ _6\"></span>semestrale <span class=\"_ _6\"></span>costante <span class=\"_ _14\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _6\"></span>4,3 <span class=\"_ _14\"></span>milioni <span class=\"_ _6\"></span>a partire <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>31 <span class=\"_ _6\"></span>dicembre 2024. <span class=\"_ _3\"></span>Tal<span class=\"_ _3\"></span><span class=\"ff24\">e <span class=\"_ _3\"></span>finanziamento <span class=\"_ _3\"></span>prevede <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>somma <span class=\"_ _3\"></span>dell\u2019Euribor </span>sei <span class=\"_ _12\"> </span>m<span class=\"_ _3\"></span>esi <span class=\"_ _12\"> </span>ed <span class=\"_ _11\"> </span>un <span class=\"_ _12\"> </span>margine <span class=\"_ _11\"> </span>variabile <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>seconda <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>Leverage <span class=\"_ _12\"> </span>Ratio <span class=\"_ _12\"> </span>(Posizione <span class=\"_ _12\"> </span>Finanziaria <span class=\"_ _12\"> </span>Netta/EBITDA), verificato <span class=\"_ _3\"></span>annualment<span class=\"_ _2\"></span>e. <span class=\"_ _3\"></span>La Line<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Credito <span class=\"_ _3\"></span>Revolving<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>importo <span class=\"_ _3\"></span>massimo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0 <span class=\"_ _3\"></span>milioni (non <span class=\"_ _3\"></span>utilizzata al <span class=\"_ _15\"> </span>31 <span class=\"_ _15\"> </span>dicembre <span class=\"_ _15\"></span>2022) <span class=\"_ _15\"> </span><span class=\"ff24\">ha <span class=\"_ _15\"> </span>scadenza <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>12 <span class=\"_ _15\"> </span>ottobre <span class=\"_ _15\"> </span>2026 <span class=\"_ _8\"> </span>e <span class=\"_ _12\"> </span>prevede <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>tasso <span class=\"_ _8\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _8\"> </span>i<span class=\"_ _3\"></span>nteresse <span class=\"_ _15\"> </span>pari <span class=\"_ _8\"> </span>all\u2019Euribor <span class=\"_ _15\"> </span>di </span>riferimento <span class=\"_ _7\"></span>ed <span class=\"_ _7\"></span>un <span class=\"_ _14\"></span>m<span class=\"_ _3\"></span>argine <span class=\"_ _14\"></span>variabile <span class=\"_ _7\"></span>a <span class=\"_ _8\"></span>seconda <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Leverage <span class=\"_ _14\"></span>Ratio <span class=\"_ _7\"></span>(Posizione <span class=\"_ _7\"></span>Finanziaria <span class=\"_ _14\"></span>Netta/EBITDA), verificato annua<span class=\"_ _2\"></span>lmente. Le due linee sopra descritte prevedono un unico covenant costitui<span class=\"_ _2\"></span>to da una soglia massima di Leverage Ratio<span class=\"_ _1\"></span> (PFN/EBITDA<span class=\"_ _2\"></span> ante IFRS 16 e an<span class=\"_ _2\"></span>te oneri/prove<span class=\"_ _2\"></span>nti non ricorrenti)<span class=\"_ _2\"></span> pari a 3,00x. Fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iamen<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> U<span class=\"_ _2\"></span>nicr<span class=\"_ _2\"></span>edit<span class=\"_ _1\"></span> Cairo <span class=\"_ _f\"> </span>Communication <span class=\"_ _10\"> </span>S.p.A. <span class=\"_ _10\"> </span>ha <span class=\"_ _4\"> </span>sottoscrit<span class=\"_ _2\"></span>to <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>Unicredit, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>data <span class=\"_ _f\"> </span>3 <span class=\"_ _f\"> </span>agosto <span class=\"_ _f\"> </span>2021, <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>finanziam<span class=\"_ _3\"></span>ento chirografario <span class=\"_ _6\"></span>revolving <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>importo <span class=\"_ _6\"></span>complessivo <span class=\"_ _6\"></span>pari <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _14\"></span>10 <span class=\"_ _6\"></span>milioni. <span class=\"_ _6\"></span>Alla <span class=\"_ _14\"></span>data <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>202<span class=\"_ _6\"></span>2 <span class=\"_ _6\"></span>era utilizzato per 5 <span class=\"_ _2\"></span>milioni. Il finanziamen<span class=\"_ _2\"></span>to ha scadenza 31 lugl<span class=\"_ _2\"></span>io 2023 e prevede, inter al<span class=\"_ _1\"></span>ia: a)<span class=\"ff29 ls0\"> <span class=\"_\"> </span><span class=\"ff21 fs2 fc0\">alcune <span class=\"_ _6\"></span>previsioni <span class=\"_ _3\"></span>relative <span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>eventi <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>rimborso <span class=\"_ _6\"></span>anticipato <span class=\"_ _6\"></span>obbligatorio, <span class=\"_ _6\"></span>dichiarazioni, <span class=\"_ _6\"></span>obblighi, <span class=\"_ _6\"></span>eventi <span class=\"_ _6\"></span>di </span></span>revoca e relative <span class=\"_ _2\"></span>soglie di ma<span class=\"_ _2\"></span>terialit\u00e0, b) <span class=\"_ _12\"> </span>covenant <span class=\"_ _4\"> </span>finanziari <span class=\"_ _4\"> </span>a <span class=\"_ _4\"> </span>livello <span class=\"_ _4\"> </span>bilancio <span class=\"_ _f\"> </span>cons<span class=\"_ _3\"></span>olidato <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>Gruppo <span class=\"_ _f\"> </span>un <span class=\"_ _5\"> </span><span class=\"ff26\">debt <span class=\"_ _4\"> </span>cover <span class=\"_ _4\"> </span></span>(posizione <span class=\"_ _4\"> </span>finanzia<span class=\"_ _2\"></span>ria netta/Ebitda) <span class=\"_ _1\"></span>minore o ugu<span class=\"_ _1\"></span>ale a 2,5 <span class=\"_ _1\"></span>e <span class=\"ff26\">leverage </span>(inde<span class=\"_ _2\"></span>bitamento <span class=\"_ _1\"></span>f<span class=\"_ _3\"></span>inanziario <span class=\"_ _1\"></span>netto/patrimonio ne<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>to) <span class=\"_ _2\"></span>minore o uguale a 1, c)<span class=\"ff29 ls0\"> <span class=\"_ _f\"> </span><span class=\"ff21 fs2 fc0 ls6\">il<span class=\"ls0\"> rimborso a<span class=\"_ _2\"></span>nticipato nel c<span class=\"_ _1\"></span>as<span class=\"_ _3\"></span>o di <span class=\"ff26\">change of contro<span class=\"_ _2\"></span>l <span class=\"ff21\">della Cairo C<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>mun<span class=\"_ _2\"></span>ica<span class=\"_ _1\"></span>tion.<span class=\"_ _1\"></span> </span></span></span></span></span>A copertura dell\u2019esposi<span class=\"_ _2\"></span>zione debitoria \u00e8 stato stipulato un <span class=\"ff26\">interest rate cap <span class=\"ff21\">per un importo di euro <span class=\"_ _2\"></span>10 <span class=\"_ _2\"></span>milioni. </span></span>Per u<span class=\"_ _2\"></span>lteriori <span class=\"_ _1\"></span>commenti sul<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>ivato <span class=\"_ _2\"></span><span class=\"ls34\">si<span class=\"ls0\"> <span class=\"_ _1\"></span>rimanda al<span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>successiva <span class=\"_ _1\"></span>Nota n.34. <span class=\"_ _2\"></span> </span></span>Cairo <span class=\"_ _6\"></span>Editore <span class=\"_ _6\"></span>S.p.A. <span class=\"_ _14\"></span>ha <span class=\"_ _6\"></span>sottoscritto <span class=\"_ _6\"></span>con <span class=\"_ _14\"></span>Unicred<span class=\"_ _2\"></span>it, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>dat<span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>3 <span class=\"_ _14\"></span>agosto <span class=\"_ _6\"></span>2021, <span class=\"_ _6\"></span>un <span class=\"_ _14\"></span>contra<span class=\"_ _2\"></span>tto <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>finanziamen<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>per l\u2019importo <span class=\"_ _8\"> </span>complessivo <span class=\"_ _15\"> </span>di <span class=\"_ _8\"> </span>Euro <span class=\"_ _12\"> </span>10 <span class=\"_ _8\"> </span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _15\"> </span>assistito <span class=\"_ _8\"> </span>da <span class=\"_ _15\"> </span>garanzia <span class=\"_ _12\"> </span>rilasciata <span class=\"_ _8\"></span>da <span class=\"_ _15\"> </span>BEI <span class=\"_ _15\"> </span>(Banca <span class=\"_ _15\"> </span>Europea <span class=\"_ _15\"> </span>per <span class=\"_ _8\"></span>gl<span class=\"_ _3\"></span>i investimenti). Il <span class=\"_ _2\"></span>finanziamento ha <span class=\"_ _2\"></span>scadenza 31 agos<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o 2024 e prev<span class=\"_ _2\"></span>ede, inter alia: a)<span class=\"ff29 ls0\"> <span class=\"_\"> </span><span class=\"ff21 fs2 fc0\">alcune <span class=\"_ _6\"></span>previsioni <span class=\"_ _3\"></span>relative <span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>eventi <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>rimborso <span class=\"_ _6\"></span>anticipato <span class=\"_ _6\"></span>obbliga<span class=\"_ _2\"></span>torio, <span class=\"_ _6\"></span>dichiarazioni, <span class=\"_ _6\"></span>obblighi, <span class=\"_ _6\"></span>eventi <span class=\"_ _6\"></span>di </span></span>revoca e relative <span class=\"_ _2\"></span>soglie di materialit\u00e0,<span class=\"_ _2\"></span> b) <span class=\"_ _12\"> </span>covenant <span class=\"_ _4\"> </span>finanziari <span class=\"_ _4\"> </span>a <span class=\"_ _4\"> </span>livello <span class=\"_ _4\"> </span>bilancio <span class=\"_ _f\"> </span>cons<span class=\"_ _3\"></span>olidato <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>Gruppo <span class=\"_ _f\"> </span>un <span class=\"_ _5\"> </span><span class=\"ff26\">debt <span class=\"_ _4\"> </span>cover <span class=\"_ _4\"> </span></span>(posizione <span class=\"_ _4\"> </span>finanzia<span class=\"_ _2\"></span>ria netta/Ebitda) <span class=\"_ _1\"></span>minore o ugu<span class=\"_ _1\"></span>ale a 2,5 <span class=\"_ _1\"></span>e <span class=\"ff26\">leverage </span>(inde<span class=\"_ _2\"></span>bitamento <span class=\"_ _1\"></span>fi<span class=\"_ _3\"></span>nanziario <span class=\"_ _1\"></span>netto/patrimonio <span class=\"_ _2\"></span>netto) <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>inore o uguale a 1, c) <span class=\"_ _10\"> </span>un <span class=\"_ _12\"> </span>piano <span class=\"_ _15\"> </span>ammortamento <span class=\"_ _8\"></span>che <span class=\"_ _12\"> </span>prevede <span class=\"_ _15\"> </span><span class=\"ls17\">il</span> <span class=\"_ _12\"> </span>rimborso <span class=\"_ _15\"></span><span class=\"ls6\">in</span> <span class=\"_ _15\"></span>rate <span class=\"_ _15\"> </span>3 <span class=\"_ _12\"> </span><span class=\"ls7\">da</span> <span class=\"_ _12\"> </span>Euro <span class=\"_ _15\"> </span>3,3 <span class=\"_ _12\"> </span>milioni <span class=\"_ _15\"> </span>decorso <span class=\"_ _15\"> </span>il <span class=\"_ _11\"> </span>periodo<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>di ammortamento d<span class=\"_ _2\"></span>ella durata del<span class=\"_ _2\"></span>la durata di 18 <span class=\"_ _2\"></span>mesi. d)<span class=\"ff29 ls0\"> <span class=\"_ _11\"> </span><span class=\"ff21 fs2 fc0 ls6\">il<span class=\"ls0\"> rimbor<span class=\"_ _2\"></span>so anticipato nel <span class=\"_ _2\"></span>caso di <span class=\"ff26\">change o<span class=\"_ _2\"></span>f control <span class=\"ff21\">della Ca<span class=\"_ _2\"></span>iro Com<span class=\"_ _1\"></span>munic<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> </span></span></span></span></span>A copertura dell\u2019espos<span class=\"_ _2\"></span>izione debitoria<span class=\"_ _2\"></span> \u00e8 stato stipulato un <span class=\"ff26\">interest rate cap <span class=\"ff21\">per un importo di euro 10<span class=\"_ _2\"></span> milioni. </span></span>Per ulteriori<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>menti sul <span class=\"_ _1\"></span>derivato <span class=\"ls4a\">si</span> rimanda <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>successiva <span class=\"_ _1\"></span>Nota <span class=\"ls7\">n.34.</span> 34. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> e <span class=\"_ _2\"></span>pas<span class=\"_ _2\"></span>siv<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>inanzi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ie <span class=\"_ _2\"></span>corr<span class=\"_ _1\"></span>enti La<span class=\"ls0\"> voce, <span class=\"_ _2\"></span>pari <span class=\"ls4\">ad</span> <span class=\"_ _2\"></span>Euro 31,8 <span class=\"_ _1\"></span>milioni (Euro 36,8 <span class=\"_ _1\"></span>milioni <span class=\"ls4\">al</span> 31 di<span class=\"_ _2\"></span>cembre 2021<span class=\"_ _1\"></span><span class=\"ls5\">),<span class=\"ls0\"> incl<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>de:<span class=\"_ _1\"></span> </span></span></span><span class=\"ff21 fs2 fc0\">per <span class=\"_ _7\"></span>Euro <span class=\"_ _14\"></span>31,8 <span class=\"_ _7\"></span>milioni <span class=\"_ _14\"></span>(Euro <span class=\"_ _7\"></span>36,4 <span class=\"_ _14\"></span>milioni <span class=\"_ _14\"></span><span class=\"ls4\">al</span> <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>2021<span class=\"ls5\">),</span> <span class=\"_ _14\"></span><span class=\"ls6\">la</span> <span class=\"_ _14\"></span>parte <span class=\"_ _7\"></span>corrent<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>dei <span class=\"_ _1\"></span>finanziamenti <span class=\"_ _16\"></span>bancari </span>descritti nella pr<span class=\"_ _2\"></span>ecedente N<span class=\"_ _2\"></span>ota 29 e gli scopert<span class=\"_ _2\"></span>i di conto cor<span class=\"_ _2\"></span>rente; ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1323-2": {
   "value": "32. F<span class=\"_ _1\"></span>ondi <span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _2\"></span> e<span class=\"_ _1\"></span>d oner<span class=\"_ _1\"></span>i e fo<span class=\"_ _1\"></span>ndo im<span class=\"_ _2\"></span>pos<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span> diff<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>te La movimentaz<span class=\"_ _2\"></span>ione del per<span class=\"_ _2\"></span>iodo \u00e8 esposta ne<span class=\"_ _2\"></span>l seguente pr<span class=\"_ _2\"></span>osp<span class=\"_ _1\"></span>etto:<span class=\"_ _1\"></span> De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>one31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/<span class=\"_ _1\"></span>20<span class=\"_ _2\"></span>21Acc<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>n.tiUtili<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iAltr<span class=\"_ _1\"></span>i 31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/<span class=\"_ _1\"></span>20<span class=\"_ _2\"></span>22ne<span class=\"_ _6\"></span>ttim<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _6\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _1\"></span>tiFo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>nd<span class=\"_ _1\"></span>enn<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>entel<span class=\"_ _16\"></span>a4,<span class=\"_ _1\"></span>0<span class=\"_ _196\"> </span>0,3<span class=\"_ _69\"> </span>(0,<span class=\"_ _1\"></span>4)<span class=\"_ _14f\"> </span>(0<span class=\"_ _1\"></span>,8)<span class=\"_ _af\"> </span>3,1Fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>ertenz<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gal<span class=\"_ _16\"></span>i12<span class=\"_ _1\"></span>,8<span class=\"_ _20a\"> </span>1,1<span class=\"_ _69\"> </span>(1,<span class=\"_ _2\"></span>9)<span class=\"_ _a3\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>1<span class=\"_ _1\"></span>1,9Fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>di<span class=\"_ _16\"></span> per i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span> perso<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>al<span class=\"_ _16\"></span>e19<span class=\"_ _1\"></span>,4<span class=\"_ _20a\"> </span>0,6<span class=\"_ _69\"> </span>(1,<span class=\"_ _2\"></span>5)<span class=\"_ _a3\"> </span>(0,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>1<span class=\"_ _1\"></span>7,9Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>chi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span> on<span class=\"_ _1\"></span>eri25<span class=\"_ _1\"></span>,7<span class=\"_ _20a\"> </span>2,6<span class=\"_ _69\"> </span>(1,<span class=\"_ _2\"></span>3)<span class=\"_ _a3\"> </span>(0,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>2<span class=\"_ _1\"></span>6,2Totale<span class=\"_ _6\"></span> g<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>le61<span class=\"_ _1\"></span>,9<span class=\"_ _20a\"> </span>4,6<span class=\"_ _69\"> </span>(5,<span class=\"_ _2\"></span>1)<span class=\"_ _a3\"> </span>(2,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>5<span class=\"_ _1\"></span>9,1Il <span class=\"_ _3\"></span>\u201cFondo <span class=\"_ _6\"></span>indennit\u00e0 <span class=\"_ _3\"></span>clientela\u201d <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>l\u2019importo<span class=\"ff21\">, <span class=\"_ _3\"></span>assoggettato <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>valutazione <span class=\"_ _3\"></span>attuariale, <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>corrispond<span class=\"_ _2\"></span>ere <span class=\"_ _3\"></span>agli <span class=\"_ _6\"></span>agenti </span>in base alla norm<span class=\"_ _2\"></span>ativa ed agli acco<span class=\"_ _2\"></span>rdi collet<span class=\"_ _2\"></span>tivi vigenti. Il<span class=\"ls0\"> <span class=\"ff24\">\u201cFondo</span> <span class=\"_ _3\"></span>vertenze <span class=\"ff24\">legali\u201d,</span> pari a <span class=\"_ _3\"></span>Euro 11,9 milioni, \u00e8 r<span class=\"_ _3\"></span>elativo a potenziali passivit\u00e0 derivanti <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>controversie<span class=\"_ _1\"></span> </span>in essere con <span class=\"_ _3\"></span>terzi e si<span class=\"_ _3\"></span> riferisce sia a <span class=\"_ _3\"></span>cause civili sia a <span class=\"_ _3\"></span>cause di di<span class=\"_ _3\"></span>ffamazion<span class=\"_ _2\"></span>e legate ad articoli <span class=\"_ _3\"></span>pubblicati sulle testate del Gruppo.<span class=\"_ _2\"></span> I <span class=\"_ _6\"></span><span class=\"ff24\">\u201cFo<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls17\">il</span> <span class=\"_ _14\"></span></span>pers<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>\u201d,<span class=\"ff21\"> <span class=\"_ _6\"></span>pari<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>Eur<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>17,9<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>milion<span class=\"_ _1\"></span>i, <span class=\"_ _14\"></span>in<span class=\"_ _1\"></span>cludo<span class=\"_ _2\"></span>no<span class=\"_ _2\"></span> <span class=\"_ _14\"></span><span class=\"ls17\">le</span> <span class=\"_ _6\"></span>poten<span class=\"_ _1\"></span>ziali<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>lega<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>gestione <span class=\"_ _8\"></span>del </span></span>personale <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>risoluzione di <span class=\"_ _1\"></span>rapporti <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>avoro <span class=\"_ _2\"></span>subordinato <span class=\"_ _1\"></span>e som<span class=\"_ _2\"></span>ministrato <span class=\"_ _15\"></span>e <span class=\"_ _1\"></span>sono riconducib<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>li pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> Euro <span class=\"_ _1\"></span>14 milioni al Gruppo R<span class=\"_ _2\"></span>CS e p<span class=\"_ _2\"></span>er Euro 3,9 milioni alla <span class=\"_ _2\"></span>controllata <span class=\"_ _2\"></span>La7. Gli<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff24\">\u201cAl<span class=\"_ _2\"></span>tri<span class=\"ff21\"> <span class=\"_ _16\"></span>fond<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>risch<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span><span class=\"ls3\">ed<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff24\">one<span class=\"_ _1\"></span>ri\u201d<span class=\"ff21\"> <span class=\"_ _1\"></span>son<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>princ<span class=\"_ _2\"></span>ipa<span class=\"_ _1\"></span>lmen<span class=\"_ _2\"></span>te <span class=\"_ _16\"></span>rela<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>vi <span class=\"_ _16\"></span>a <span class=\"_ _1\"></span>pass<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>pote<span class=\"_ _2\"></span>nzi<span class=\"_ _1\"></span>ali <span class=\"_ _16\"></span>ricon<span class=\"_ _1\"></span>ducib<span class=\"_ _1\"></span>ili <span class=\"ls3\">al</span> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _2\"></span><span class=\"ls31\">RCS<span class=\"ls0\"> <span class=\"_ _1\"></span>e </span></span></span></span></span></span></span></span>a <span class=\"_ _8\"></span>La7, <span class=\"_ _8\"></span>accantonati <span class=\"_ _8\"></span>a <span class=\"_ _8\"></span>fronte <span class=\"_ _8\"></span>del <span class=\"_ _15\"></span>rischio <span class=\"_ _8\"></span>derivante<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>da<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>richieste <span class=\"_ _8\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _8\"></span>risarcimento <span class=\"_ _11\"> </span>danni <span class=\"_\"> </span>or<span class=\"_ _2\"></span>iginatesi <span class=\"_\"> </span>dura<span class=\"_ _2\"></span>nte <span class=\"_\"> </span>l<span class=\"_ _2\"></span>a produzione e mes<span class=\"_ _2\"></span>sa in onda<span class=\"_ _2\"></span> di programmi telev<span class=\"_ _2\"></span>isivi e per alt<span class=\"_ _2\"></span>ri rischi contrat<span class=\"_ _2\"></span>tuali. In<span class=\"ls0\"> <span class=\"_ _2\"></span>conformit\u00e0 <span class=\"_ _1\"></span>a quanto <span class=\"_ _1\"></span>disposto <span class=\"_ _1\"></span>dai pr<span class=\"_ _2\"></span>incipi <span class=\"_ _2\"></span>contabili <span class=\"_ _1\"></span>internazionali <span class=\"_ _1\"></span><span class=\"ls17\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>quota a <span class=\"_ _1\"></span>lungo <span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ermine <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>fondi <span class=\"_ _6\"></span>rischi <span class=\"_ _3\"></span>\u00e8 </span></span></span>stata <span class=\"_\"> </span>so<span class=\"_ _2\"></span>ttoposta <span class=\"_ _11\"> </span>ad <span class=\"_\"> </span>attu<span class=\"_ _2\"></span>alizzazione <span class=\"_ _11\"> </span>per <span class=\"_\"> </span>t<span class=\"_ _2\"></span>ener <span class=\"_ _11\"> </span>c<span class=\"_ _3\"></span>onto <span class=\"_\"> </span>della <span class=\"_ _11\"> </span>componente <span class=\"_ _11\"> </span>finanziaria <span class=\"_ _11\"> </span>implicitamente <span class=\"_ _11\"> </span>inclusa, utilizzando un tasso pari <span class=\"_ _3\"></span>a circa lo <span class=\"_ _3\"></span>3,7% <span class=\"_ _3\"></span>per il fondo indennit\u00e0 clientela <span class=\"_ _1\"></span>e 2,85% <span class=\"_ _2\"></span>per <span class=\"ls6\">il</span> <span class=\"_ _1\"></span>fondo verten<span class=\"_ _2\"></span>ze lega<span class=\"_ _2\"></span>li <span class=\"ls4\">e </span>del 2,77% per gl<span class=\"_ _2\"></span>i altri fondi<span class=\"_ _2\"></span> ed oneri. L\u2019analisi<span class=\"ff21\"> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span><span class=\"ff26\">se<span class=\"_ _3\"></span>nsitivity <span class=\"_ _1\"></span><span class=\"ff21\">sul <span class=\"_ _1\"></span>rischio <span class=\"_ _2\"></span>tasso <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> at<span class=\"_ _2\"></span>tualizzazione, <span class=\"_ _1\"></span>assumendo <span class=\"_ _1\"></span>una <span class=\"_ _2\"></span>variazion<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>parallela <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>+/- <span class=\"_ _6\"></span>0,5% <span class=\"_ _3\"></span>non </span></span></span></span></span>ha evidenziato e<span class=\"_ _2\"></span>ffetti signif<span class=\"_ _2\"></span>icativi. Le pas<span class=\"_ _3\"></span>sivit\u00e0 per <span class=\"_ _3\"></span>imposte <span class=\"_ _3\"></span>differi<span class=\"_ _2\"></span>te, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>Euro 16<span class=\"_ _3\"></span>3,4 <span class=\"_ _3\"></span>milioni (<span class=\"_ _3\"></span>Euro 162,1 <span class=\"_ _3\"></span>milioni al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2021) <span class=\"_ _3\"></span>sono prevalentemente <span class=\"_ _2\"></span>riconducibili a<span class=\"_ _2\"></span>lla business combina<span class=\"_ _2\"></span>tion del Gruppo R<span class=\"_ _2\"></span>C<span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1323-3": {
   "value": "32. F<span class=\"_ _1\"></span>ondi <span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _2\"></span> e<span class=\"_ _1\"></span>d oner<span class=\"_ _1\"></span>i e fo<span class=\"_ _1\"></span>ndo im<span class=\"_ _2\"></span>pos<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span> diff<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>te La movimentaz<span class=\"_ _2\"></span>ione del per<span class=\"_ _2\"></span>iodo \u00e8 esposta ne<span class=\"_ _2\"></span>l seguente pr<span class=\"_ _2\"></span>osp<span class=\"_ _1\"></span>etto:<span class=\"_ _1\"></span> De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>one31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/<span class=\"_ _1\"></span>20<span class=\"_ _2\"></span>21Acc<span class=\"_ _3\"></span>an<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>n.tiUtili<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iAltr<span class=\"_ _1\"></span>i 31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/<span class=\"_ _1\"></span>20<span class=\"_ _2\"></span>22ne<span class=\"_ _6\"></span>ttim<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _6\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _1\"></span>tiFo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>nd<span class=\"_ _1\"></span>enn<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>entel<span class=\"_ _16\"></span>a4,<span class=\"_ _1\"></span>0<span class=\"_ _196\"> </span>0,3<span class=\"_ _69\"> </span>(0,<span class=\"_ _1\"></span>4)<span class=\"_ _14f\"> </span>(0<span class=\"_ _1\"></span>,8)<span class=\"_ _af\"> </span>3,1Fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>ertenz<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gal<span class=\"_ _16\"></span>i12<span class=\"_ _1\"></span>,8<span class=\"_ _20a\"> </span>1,1<span class=\"_ _69\"> </span>(1,<span class=\"_ _2\"></span>9)<span class=\"_ _a3\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>1<span class=\"_ _1\"></span>1,9Fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>di<span class=\"_ _16\"></span> per i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span> perso<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>al<span class=\"_ _16\"></span>e19<span class=\"_ _1\"></span>,4<span class=\"_ _20a\"> </span>0,6<span class=\"_ _69\"> </span>(1,<span class=\"_ _2\"></span>5)<span class=\"_ _a3\"> </span>(0,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>1<span class=\"_ _1\"></span>7,9Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fo<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>chi<span class=\"_ _16\"></span> e<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span> on<span class=\"_ _1\"></span>eri25<span class=\"_ _1\"></span>,7<span class=\"_ _20a\"> </span>2,6<span class=\"_ _69\"> </span>(1,<span class=\"_ _2\"></span>3)<span class=\"_ _a3\"> </span>(0,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>2<span class=\"_ _1\"></span>6,2Totale<span class=\"_ _6\"></span> g<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>le61<span class=\"_ _1\"></span>,9<span class=\"_ _20a\"> </span>4,6<span class=\"_ _69\"> </span>(5,<span class=\"_ _2\"></span>1)<span class=\"_ _a3\"> </span>(2,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _e9\"> </span>5<span class=\"_ _1\"></span>9,1Il <span class=\"_ _3\"></span>\u201cFondo <span class=\"_ _6\"></span>indennit\u00e0 <span class=\"_ _3\"></span>clientela\u201d <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>l\u2019importo<span class=\"ff21\">, <span class=\"_ _3\"></span>assoggettato <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>valutazione <span class=\"_ _3\"></span>attuariale, <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>corrispond<span class=\"_ _2\"></span>ere <span class=\"_ _3\"></span>agli <span class=\"_ _6\"></span>agenti </span>in base alla norm<span class=\"_ _2\"></span>ativa ed agli acco<span class=\"_ _2\"></span>rdi collet<span class=\"_ _2\"></span>tivi vigenti. Il<span class=\"ls0\"> <span class=\"ff24\">\u201cFondo</span> <span class=\"_ _3\"></span>vertenze <span class=\"ff24\">legali\u201d,</span> pari a <span class=\"_ _3\"></span>Euro 11,9 milioni, \u00e8 r<span class=\"_ _3\"></span>elativo a potenziali passivit\u00e0 derivanti <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>controversie<span class=\"_ _1\"></span> </span>in essere con <span class=\"_ _3\"></span>terzi e si<span class=\"_ _3\"></span> riferisce sia a <span class=\"_ _3\"></span>cause civili sia a <span class=\"_ _3\"></span>cause di di<span class=\"_ _3\"></span>ffamazion<span class=\"_ _2\"></span>e legate ad articoli <span class=\"_ _3\"></span>pubblicati sulle testate del Gruppo.<span class=\"_ _2\"></span> I <span class=\"_ _6\"></span><span class=\"ff24\">\u201cFo<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls17\">il</span> <span class=\"_ _14\"></span></span>pers<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span>\u201d,<span class=\"ff21\"> <span class=\"_ _6\"></span>pari<span class=\"_ _2\"></span> <span class=\"_ _14\"></span>a <span class=\"_ _6\"></span>Eur<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>17,9<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>milion<span class=\"_ _1\"></span>i, <span class=\"_ _14\"></span>in<span class=\"_ _1\"></span>cludo<span class=\"_ _2\"></span>no<span class=\"_ _2\"></span> <span class=\"_ _14\"></span><span class=\"ls17\">le</span> <span class=\"_ _6\"></span>poten<span class=\"_ _1\"></span>ziali<span class=\"_ _1\"></span> <span class=\"_ _14\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>lega<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>gestione <span class=\"_ _8\"></span>del </span></span>personale <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>risoluzione di <span class=\"_ _1\"></span>rapporti <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>avoro <span class=\"_ _2\"></span>subordinato <span class=\"_ _1\"></span>e som<span class=\"_ _2\"></span>ministrato <span class=\"_ _15\"></span>e <span class=\"_ _1\"></span>sono riconducib<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>li pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> Euro <span class=\"_ _1\"></span>14 milioni al Gruppo R<span class=\"_ _2\"></span>CS e p<span class=\"_ _2\"></span>er Euro 3,9 milioni alla <span class=\"_ _2\"></span>controllata <span class=\"_ _2\"></span>La7. Gli<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff24\">\u201cAl<span class=\"_ _2\"></span>tri<span class=\"ff21\"> <span class=\"_ _16\"></span>fond<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>risch<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span><span class=\"ls3\">ed<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff24\">one<span class=\"_ _1\"></span>ri\u201d<span class=\"ff21\"> <span class=\"_ _1\"></span>son<span class=\"_ _2\"></span>o <span class=\"_ _16\"></span>princ<span class=\"_ _2\"></span>ipa<span class=\"_ _1\"></span>lmen<span class=\"_ _2\"></span>te <span class=\"_ _16\"></span>rela<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>vi <span class=\"_ _16\"></span>a <span class=\"_ _1\"></span>pass<span class=\"_ _2\"></span>ivi<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>pote<span class=\"_ _2\"></span>nzi<span class=\"_ _1\"></span>ali <span class=\"_ _16\"></span>ricon<span class=\"_ _1\"></span>ducib<span class=\"_ _1\"></span>ili <span class=\"ls3\">al</span> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _2\"></span><span class=\"ls31\">RCS<span class=\"ls0\"> <span class=\"_ _1\"></span>e </span></span></span></span></span></span></span></span>a <span class=\"_ _8\"></span>La7, <span class=\"_ _8\"></span>accantonati <span class=\"_ _8\"></span>a <span class=\"_ _8\"></span>fronte <span class=\"_ _8\"></span>del <span class=\"_ _15\"></span>rischio <span class=\"_ _8\"></span>derivante<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>da<span class=\"_ _3\"></span> <span class=\"_ _8\"></span>richieste <span class=\"_ _8\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _8\"></span>risarcimento <span class=\"_ _11\"> </span>danni <span class=\"_\"> </span>or<span class=\"_ _2\"></span>iginatesi <span class=\"_\"> </span>dura<span class=\"_ _2\"></span>nte <span class=\"_\"> </span>l<span class=\"_ _2\"></span>a produzione e mes<span class=\"_ _2\"></span>sa in onda<span class=\"_ _2\"></span> di programmi telev<span class=\"_ _2\"></span>isivi e per alt<span class=\"_ _2\"></span>ri rischi contrat<span class=\"_ _2\"></span>tuali. In<span class=\"ls0\"> <span class=\"_ _2\"></span>conformit\u00e0 <span class=\"_ _1\"></span>a quanto <span class=\"_ _1\"></span>disposto <span class=\"_ _1\"></span>dai pr<span class=\"_ _2\"></span>incipi <span class=\"_ _2\"></span>contabili <span class=\"_ _1\"></span>internazionali <span class=\"_ _1\"></span><span class=\"ls17\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>quota a <span class=\"_ _1\"></span>lungo <span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ermine <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>fondi <span class=\"_ _6\"></span>rischi <span class=\"_ _3\"></span>\u00e8 </span></span></span>stata <span class=\"_\"> </span>so<span class=\"_ _2\"></span>ttoposta <span class=\"_ _11\"> </span>ad <span class=\"_\"> </span>attu<span class=\"_ _2\"></span>alizzazione <span class=\"_ _11\"> </span>per <span class=\"_\"> </span>t<span class=\"_ _2\"></span>ener <span class=\"_ _11\"> </span>c<span class=\"_ _3\"></span>onto <span class=\"_\"> </span>della <span class=\"_ _11\"> </span>componente <span class=\"_ _11\"> </span>finanziaria <span class=\"_ _11\"> </span>implicitamente <span class=\"_ _11\"> </span>inclusa, utilizzando un tasso pari <span class=\"_ _3\"></span>a circa lo <span class=\"_ _3\"></span>3,7% <span class=\"_ _3\"></span>per il fondo indennit\u00e0 clientela <span class=\"_ _1\"></span>e 2,85% <span class=\"_ _2\"></span>per <span class=\"ls6\">il</span> <span class=\"_ _1\"></span>fondo verten<span class=\"_ _2\"></span>ze lega<span class=\"_ _2\"></span>li <span class=\"ls4\">e </span>del 2,77% per gl<span class=\"_ _2\"></span>i altri fondi<span class=\"_ _2\"></span> ed oneri. L\u2019analisi<span class=\"ff21\"> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span><span class=\"ff26\">se<span class=\"_ _3\"></span>nsitivity <span class=\"_ _1\"></span><span class=\"ff21\">sul <span class=\"_ _1\"></span>rischio <span class=\"_ _2\"></span>tasso <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> at<span class=\"_ _2\"></span>tualizzazione, <span class=\"_ _1\"></span>assumendo <span class=\"_ _1\"></span>una <span class=\"_ _2\"></span>variazion<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>parallela <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>+/- <span class=\"_ _6\"></span>0,5% <span class=\"_ _3\"></span>non </span></span></span></span></span>ha evidenziato e<span class=\"_ _2\"></span>ffetti signif<span class=\"_ _2\"></span>icativi. Le pas<span class=\"_ _3\"></span>sivit\u00e0 per <span class=\"_ _3\"></span>imposte <span class=\"_ _3\"></span>differi<span class=\"_ _2\"></span>te, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>Euro 16<span class=\"_ _3\"></span>3,4 <span class=\"_ _3\"></span>milioni (<span class=\"_ _3\"></span>Euro 162,1 <span class=\"_ _3\"></span>milioni al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2021) <span class=\"_ _3\"></span>sono prevalentemente <span class=\"_ _2\"></span>riconducibili a<span class=\"_ _2\"></span>lla business combina<span class=\"_ _2\"></span>tion del Gruppo R<span class=\"_ _2\"></span>C<span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1347-2": {
   "value": "33.<span class=\"_ _1\"></span> Altre<span class=\"_ _1\"></span> pas<span class=\"_ _2\"></span>siv<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ren<span class=\"_ _2\"></span>ti La <span class=\"_ _7\"></span>voce <span class=\"_ _8\"></span><span class=\"ff24\">\u201caltre</span> <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span><span class=\"ff24\">correnti\u201d,</span> <span class=\"_ _8\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>Euro <span class=\"_ _8\"></span>1,3 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>(Euro <span class=\"_ _7\"></span>1,2 <span class=\"_ _8\"></span>milioni <span class=\"_ _7\"></span><span class=\"ls4\">al</span> <span class=\"_ _8\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _12\"> </span>2021), <span class=\"_ _11\"> </span>\u00e8 interamente ricondu<span class=\"_ _2\"></span>cibile al Grupp<span class=\"_ _2\"></span>o RCS e include la <span class=\"_ _2\"></span>quota a lungo <span class=\"_ _2\"></span>termine di debiti d<span class=\"_ _2\"></span>i natura fiscale. 38. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span>ver<span class=\"_ _1\"></span>si e <span class=\"_ _2\"></span>altr<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>ass<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _1\"></span> corr<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i La voce \u201cdebiti d<span class=\"_ _2\"></span>iversi e altre pa<span class=\"_ _2\"></span>ssivit\u00e0 corren<span class=\"_ _2\"></span>ti\u201d pu\u00f2 essere cos<span class=\"_ _2\"></span>\u00ec dett<span class=\"_ _2\"></span>agl<span class=\"_ _1\"></span>iata<span class=\"_ _2\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>22<span class=\"_ _21b\"> </span>31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>21V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>neDebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> verso d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>end<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti34<span class=\"_ _1\"></span>,7<span class=\"_ _1be\"> </span>40<span class=\"_ _1\"></span>,3<span class=\"_ _7d\"> </span>(5,6<span class=\"_ _1\"></span>)Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> verso i<span class=\"_ _16\"></span>sti<span class=\"_ _16\"></span>tu<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> prev<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>den<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>curez<span class=\"_ _1\"></span>za soci<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e17<span class=\"_ _1\"></span>,8<span class=\"_ _1be\"> </span>18<span class=\"_ _1\"></span>,3<span class=\"_ _7d\"> </span>(0,5<span class=\"_ _1\"></span>)An<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span>ci<span class=\"_ _1\"></span>pi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i8,<span class=\"_ _1\"></span>4<span class=\"_ _da\"> </span>8,<span class=\"_ _1\"></span>3<span class=\"_ _15c\"> </span>0,1Ratei<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> passi<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i29<span class=\"_ _1\"></span>,6<span class=\"_ _1be\"> </span>31<span class=\"_ _1\"></span>,4<span class=\"_ _7d\"> </span>(1,8<span class=\"_ _1\"></span>)Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>deb<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ti12<span class=\"_ _1\"></span>,9<span class=\"_ _1be\"> </span>11<span class=\"_ _1\"></span>,8<span class=\"_ _15c\"> </span>1,<span class=\"_ _1\"></span>1Sa<span class=\"_ _1\"></span>ld<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le10<span class=\"_ _1\"></span>3,4<span class=\"_ _23f\"> </span>11<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,1<span class=\"_ _7d\"> </span>(6,<span class=\"_ _1\"></span>7)La <span class=\"_ _1\"></span>voce, <span class=\"_ _1\"></span>pari <span class=\"_ _16\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _16\"></span>103,4 <span class=\"_ _16\"></span>m<span class=\"_ _3\"></span>ilioni, <span class=\"_ _16\"></span>presenta <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>decremento <span class=\"_ _16\"></span>di <span class=\"_ _2\"></span>Euro <span class=\"_ _16\"></span>6,7 <span class=\"_ _1\"></span><span class=\"ff24\">milioni <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>all\u2019eserciz<span class=\"_ _2\"></span>io <span class=\"_ _1\"></span>precedente<span class=\"ff21\"> </span></span>ed <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _16\"></span>passivit\u00e0 <span class=\"_ _16\"></span>correnti <span class=\"_ _16\"></span>ri<span class=\"_ _3\"></span>conducibil<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Gruppo <span class=\"_ _16\"></span>RCS <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>73,9 <span class=\"_ _1\"></span>milioni. <span class=\"_ _1\"></span><span class=\"ff24\">La <span class=\"_ _16\"></span>variazione <span class=\"_ _16\"></span>rispetto <span class=\"_ _16\"></span>all\u2019anno </span>\u00e8 <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ttribuibile <span class=\"_ _3\"></span>principalment<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>debiti verso <span class=\"_ _6\"></span>dipendenti <span class=\"_ _3\"></span>anche <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>effetto <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>piano <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riorganizzazione del personale. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1347-3": {
   "value": "33.<span class=\"_ _1\"></span> Altre<span class=\"_ _1\"></span> pas<span class=\"_ _2\"></span>siv<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n c<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>ren<span class=\"_ _2\"></span>ti La <span class=\"_ _7\"></span>voce <span class=\"_ _8\"></span><span class=\"ff24\">\u201caltre</span> <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span><span class=\"ff24\">correnti\u201d,</span> <span class=\"_ _8\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>Euro <span class=\"_ _8\"></span>1,3 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>(Euro <span class=\"_ _7\"></span>1,2 <span class=\"_ _8\"></span>milioni <span class=\"_ _7\"></span><span class=\"ls4\">al</span> <span class=\"_ _8\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _12\"> </span>2021), <span class=\"_ _11\"> </span>\u00e8 interamente ricondu<span class=\"_ _2\"></span>cibile al Grupp<span class=\"_ _2\"></span>o RCS e include la <span class=\"_ _2\"></span>quota a lungo <span class=\"_ _2\"></span>termine di debiti d<span class=\"_ _2\"></span>i natura fiscale. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1387-2": {
   "value": "35. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>rs<span class=\"_ _2\"></span>o f<span class=\"_ _2\"></span>orn<span class=\"_ _2\"></span>itor<span class=\"_ _2\"></span>i I <span class=\"_\"> </span>\u201cdebiti <span class=\"_\"> </span>ve<span class=\"_ _2\"></span>rso <span class=\"_\"> </span>fornito<span class=\"_ _2\"></span>ri\u201d <span class=\"_\"> </span>ammon<span class=\"_ _2\"></span>tano <span class=\"_\"> </span>a <span class=\"_\"> </span>Euro<span class=\"_ _2\"></span> <span class=\"_\"> </span>307,1 <span class=\"_\"> </span>milioni <span class=\"_ _11\"> </span>in <span class=\"_\"> </span>incremento <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>Euro <span class=\"_\"> </span>8,3 <span class=\"_\"> </span>milioni <span class=\"_\"> </span>rispetto<span class=\"_ _2\"></span> all\u2019esercizio prec<span class=\"_ _2\"></span>edente.<span class=\"ff21\"> </span>I debiti <span class=\"ls34\">si</span> riferiscono integralmen<span class=\"_ _2\"></span>te a <span class=\"_ _3\"></span>posizioni cor<span class=\"_ _1\"></span>renti<span class=\"_ _1\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1400-2": {
   "value": "37. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> tr<span class=\"_ _1\"></span>ibutar<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> La<span class=\"ls0\"> voce <span class=\"ff24\">\u201cdebiti</span> <span class=\"ff24\">tributa<span class=\"_ _2\"></span>ri\u201d<span class=\"ff21\"> <span class=\"ls34\">si</span> compone come seg<span class=\"_ _2\"></span>ue<span class=\"_ _1\"></span>: </span></span></span>De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _145\"> </span>31<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>2<span class=\"_ _67\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>21<span class=\"_ _24c\"> </span>V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>neDebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> per i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste <span class=\"_ _3\"></span>corren<span class=\"_ _2\"></span>ti<span class=\"_ _24d\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _182\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _15e\"> </span>(1,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)</span>Al<span class=\"_ _16\"></span>tri<span class=\"_ _1\"></span> deb<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>tari<span class=\"_ _c6\"> </span><span class=\"fc1\">2<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _a6\"> </span>1<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _165\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6</span>Sa<span class=\"_ _1\"></span>ld<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>le<span class=\"_ _24e\"> </span>23<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _186\"> </span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,2<span class=\"_ _69\"> </span>3<span class=\"_ _3\"></span>,5La <span class=\"_ _6\"></span>voce, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>23,7 <span class=\"_ _6\"></span>milioni, <span class=\"_ _6\"></span>presenta <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>incremento <span class=\"_ _3\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _3\"></span>2021 <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>3,5 <span class=\"_ _6\"></span>milioni. <span class=\"_ _6\"></span>Tale incremento risu<span class=\"_ _2\"></span>lta attribuibi<span class=\"_ _2\"></span>le al Gruppo RC<span class=\"_ _2\"></span>S cui sono <span class=\"_ _2\"></span>riconducibili deb<span class=\"_ _2\"></span>iti per Eur<span class=\"_ _2\"></span>o 19,4 milioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1405-3": {
   "value": "38. De<span class=\"_ _1\"></span>biti<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span>ver<span class=\"_ _1\"></span>si e <span class=\"_ _2\"></span>altr<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>ass<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _1\"></span> corr<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i La voce \u201cdebiti d<span class=\"_ _2\"></span>iversi e altre pa<span class=\"_ _2\"></span>ssivit\u00e0 corren<span class=\"_ _2\"></span>ti\u201d pu\u00f2 essere cos<span class=\"_ _2\"></span>\u00ec dett<span class=\"_ _2\"></span>agl<span class=\"_ _1\"></span>iata<span class=\"_ _2\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>22<span class=\"_ _21b\"> </span>31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>21V<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>neDebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> verso d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>end<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti34<span class=\"_ _1\"></span>,7<span class=\"_ _1be\"> </span>40<span class=\"_ _1\"></span>,3<span class=\"_ _7d\"> </span>(5,6<span class=\"_ _1\"></span>)Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> verso i<span class=\"_ _16\"></span>sti<span class=\"_ _16\"></span>tu<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> prev<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>den<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>curez<span class=\"_ _1\"></span>za soci<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e17<span class=\"_ _1\"></span>,8<span class=\"_ _1be\"> </span>18<span class=\"_ _1\"></span>,3<span class=\"_ _7d\"> </span>(0,5<span class=\"_ _1\"></span>)An<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span>ci<span class=\"_ _1\"></span>pi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i8,<span class=\"_ _1\"></span>4<span class=\"_ _da\"> </span>8,<span class=\"_ _1\"></span>3<span class=\"_ _15c\"> </span>0,1Ratei<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> passi<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i29<span class=\"_ _1\"></span>,6<span class=\"_ _1be\"> </span>31<span class=\"_ _1\"></span>,4<span class=\"_ _7d\"> </span>(1,8<span class=\"_ _1\"></span>)Al<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>deb<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ti12<span class=\"_ _1\"></span>,9<span class=\"_ _1be\"> </span>11<span class=\"_ _1\"></span>,8<span class=\"_ _15c\"> </span>1,<span class=\"_ _1\"></span>1Sa<span class=\"_ _1\"></span>ld<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>le10<span class=\"_ _1\"></span>3,4<span class=\"_ _23f\"> </span>11<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,1<span class=\"_ _7d\"> </span>(6,<span class=\"_ _1\"></span>7)La <span class=\"_ _1\"></span>voce, <span class=\"_ _1\"></span>pari <span class=\"_ _16\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _16\"></span>103,4 <span class=\"_ _16\"></span>m<span class=\"_ _3\"></span>ilioni, <span class=\"_ _16\"></span>presenta <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>decremento <span class=\"_ _16\"></span>di <span class=\"_ _2\"></span>Euro <span class=\"_ _16\"></span>6,7 <span class=\"_ _1\"></span><span class=\"ff24\">milioni <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>all\u2019eserciz<span class=\"_ _2\"></span>io <span class=\"_ _1\"></span>precedente<span class=\"ff21\"> </span></span>ed <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _16\"></span>passivit\u00e0 <span class=\"_ _16\"></span>correnti <span class=\"_ _16\"></span>ri<span class=\"_ _3\"></span>conducibil<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Gruppo <span class=\"_ _16\"></span>RCS <span class=\"_ _16\"></span>per <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>73,9 <span class=\"_ _1\"></span>milioni. <span class=\"_ _1\"></span><span class=\"ff24\">La <span class=\"_ _16\"></span>variazione <span class=\"_ _16\"></span>rispetto <span class=\"_ _16\"></span>all\u2019anno </span>\u00e8 <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ttribuibile <span class=\"_ _3\"></span>principalment<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>minori <span class=\"_ _6\"></span>debiti verso <span class=\"_ _6\"></span>dipendenti <span class=\"_ _3\"></span>anche <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>effetto <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>piano <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riorganizzazione del personale. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1412-2": {
   "value": "39. I<span class=\"_ _1\"></span>mpegni<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>ris<span class=\"_ _1\"></span>chi e<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>ltre<span class=\"_ _1\"></span> inf<span class=\"_ _2\"></span>orma<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>oni La <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _12\"> </span>controllata <span class=\"_ _12\"> </span>Cairo <span class=\"_ _12\"> </span>Network <span class=\"_ _12\"> </span>S.r.l. <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>corso <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>2014 <span class=\"_ _11\"> </span>ha <span class=\"_ _12\"> </span>partecipato <span class=\"_ _15\"> </span>alla <span class=\"_ _11\"> </span>procedura <span class=\"_ _15\"> </span>indetta <span class=\"_ _11\"> </span>dal Ministero dello <span class=\"_ _6\"></span>Sviluppo Economico per <span class=\"_ _3\"></span>l\u2019assegnazione dei <span class=\"_ _3\"></span>diritti <span class=\"_ _6\"></span>d\u2019uso di <span class=\"_ _3\"></span>frequen<span class=\"_ _3\"></span><span class=\"ff21\">ze <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>banda <span class=\"_ _3\"></span>televisiva <span class=\"_ _3\"></span>per </span>sistemi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>radiodiffusione <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>gitale <span class=\"_ _6\"></span>terrestre, <span class=\"_ _6\"></span>presentan<span class=\"_ _2\"></span>do <span class=\"_ _f\"> </span><span class=\"ls6\">la</span> <span class=\"_\"> </span>propria<span class=\"_ _2\"></span> <span class=\"_\"> </span>offe<span class=\"_ _2\"></span>rta <span class=\"_\"> </span>vinc<span class=\"_ _2\"></span>olante <span class=\"_\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _11\"> </span>aggiudicandosi <span class=\"_ _11\"> </span>i diritti <span class=\"_ _15\"> </span><span class=\"ff24\">d\u2019<span class=\"_ _3\"></span>uso</span> <span class=\"_ _15\"> </span>- <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls6\">la</span> <span class=\"_ _12\"> </span>durat<span class=\"_ _2\"></span>a <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span><span class=\"ls7\">20<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>an<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> - <span class=\"_ _3\"></span><span class=\"ff24\">di <span class=\"_ _3\"></span>un <span class=\"_ _6\"></span>lotto di <span class=\"_ _6\"></span>frequenze<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>(\u201cMux\u201d). <span class=\"_ _3\"></span>Nel mese <span class=\"_ _6\"></span>di gennaio <span class=\"_ _3\"></span>2015 <span class=\"_ _3\"></span>Cairo </span>Network <span class=\"_ _3\"></span>ha <span class=\"_ _6\"></span>quindi <span class=\"_ _3\"></span>sottoscritto <span class=\"_ _3\"></span>con <span class=\"_ _6\"></span>EI <span class=\"_ _3\"></span>Towers <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _6\"></span>(\u201cEIT\u201d) <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>accordi <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>realizzazione <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>succe<span class=\"_ _2\"></span>ssiva gestione <span class=\"_ _5\"> </span>tecnica <span class=\"_ _17\"> </span>plurienn<span class=\"_ _2\"></span>ale <span class=\"_ _17\"> </span>in <span class=\"_ _5\"> </span>modalit\u00e0 <span class=\"_ _17\"> </span>full <span class=\"_ _5\"> </span>service<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>(ospitalit\u00e0, <span class=\"_ _5\"> </span>assistenza <span class=\"_ _5\"> </span>e <span class=\"_ _17\"> </span>manutenzione, <span class=\"_ _5\"> </span>utilizzo dell\u2019infrastrut<span class=\"_ _2\"></span>tura<span class=\"ff21\"> di trasmissione, ecc.) <span class=\"_ _2\"></span>del Mux. Gli a<span class=\"_ _2\"></span>ccordi, come rivi<span class=\"_ _2\"></span>sti nel mese di <span class=\"_ _6\"></span>marzo <span class=\"_ _6\"></span>2018 <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>termini </span>nel complesso <span class=\"_ _2\"></span>migliorativi per Ca<span class=\"_ _2\"></span>iro Network, pr<span class=\"_ _2\"></span>evedono tra l\u2019alt<span class=\"_ _2\"></span>ro:<span class=\"ff21\"> </span><span class=\"ff21 fs2 fc0\">una fase transito<span class=\"_ _2\"></span>ria, completata <span class=\"_ _2\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"ls7\">31</span> dicembre 2017, <span class=\"_ _2\"></span>nel corso della <span class=\"_ _2\"></span>quale realizza<span class=\"_ _2\"></span>re <span class=\"ls6\">la<span class=\"_ _2\"></span><span class=\"ls0\"> messa <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _14\"></span>esercizio <span class=\"_ _6\"></span>del </span></span></span></span></span>Mux e una fase a r<span class=\"_ _2\"></span>egime di eserci<span class=\"_ _2\"></span>zio del Mux del<span class=\"_ _2\"></span>la durata di 17 ann<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> (dal 2018 al <span class=\"_ _2\"></span>2034); <span class=\"ff21 fs2 fc0 ls6\">la<span class=\"ls0\"> facolt\u00e0 di <span class=\"_ _2\"></span>recesso libero da pa<span class=\"_ _2\"></span>rte di Cairo Network a<span class=\"_ _2\"></span> partire dal 1\u00b0 gennaio <span class=\"ls1\">2025;</span> </span></span><span class=\"ff21 fs2 fc0\">copertura garantita al<span class=\"_ _2\"></span>meno pari al 94%<span class=\"_ _2\"></span> della popo<span class=\"_ _2\"></span>lazione, allinea<span class=\"_ _2\"></span>ta ai Mux nazi<span class=\"_ _2\"></span>onali a magg<span class=\"_ _2\"></span>ior copertura; </span><span class=\"ff21 fs2 fc0\">corrispettivi a favore d<span class=\"_ _2\"></span>i EI<span class=\"_ _1\"></span>T:<span class=\"_ _2\"></span> </span>\u2022<span class=\"ff2a sc0\"> <span class=\"_ _147\"> </span><span class=\"ff21 fc0\">per la fase di rea<span class=\"_ _2\"></span>lizzazione <span class=\"_ _2\"></span>della rete (2015-<span class=\"ff24\">2017) par<span class=\"_ _2\"></span>i a Euro 11,5 <span class=\"_ _2\"></span>milioni comple<span class=\"_ _2\"></span>ssivi per l\u2019intero </span></span></span>triennio; \u2022<span class=\"ff2a sc0\"> <span class=\"_ _147\"> </span><span class=\"ff21 fc0\">a regime (a <span class=\"ff24\">partire dal<span class=\"_ _2\"></span>l\u2019anno 2018)<span class=\"ff21\"> pari a Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o 16 milioni an<span class=\"_ _2\"></span>nui<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> </span></span></span></span><span class=\"ff21 fs2 fc0\">tali importi sono comp<span class=\"_ _2\"></span>rensivi del corr<span class=\"_ _2\"></span>ispettivo per la m<span class=\"_ _2\"></span>essa a disposiz<span class=\"_ _2\"></span>ione dei trasmettitori; </span><span class=\"ff21 fs2 fc0\">un <span class=\"_ _3\"></span>onere <span class=\"_ _3\"></span>annuo <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>EIT <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>favore di <span class=\"_ _3\"></span>Cairo <span class=\"_ _6\"></span>Network<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>a <span class=\"_ _3\"></span>partire <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>2018, compreso <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>0 <span class=\"_ _6\"></span>e un <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>assimo di </span>Euro 6 m<span class=\"_ _2\"></span>ilioni neg<span class=\"_ _2\"></span>li anni 2<span class=\"_ _1\"></span>018<span class=\"_ _3\"></span>-2022, che <span class=\"_ _2\"></span>si riduc<span class=\"_ _2\"></span>e a E<span class=\"_ _1\"></span>uro 5,5 milioni neg<span class=\"_ _1\"></span>li anni 2023-2027 <span class=\"_ _2\"></span>e a Eur<span class=\"_ _2\"></span>o 5 <span class=\"_ _2\"></span>milioni dal <span class=\"_ _8\"></span>2028 <span class=\"_ _8\"></span>e <span class=\"_ _15\"> </span>fino <span class=\"_ _8\"></span>a <span class=\"_ _8\"></span>scadenza, <span class=\"_ _15\"> </span>nell\u2019eventualit\u00e0 <span class=\"_ _7\"> </span>in <span class=\"_ _8\"> </span>cui <span class=\"_ _15\"> </span>la <span class=\"_ _8\"> </span>banda <span class=\"_ _8\"> </span>disponibile <span class=\"_ _8\"> </span>sul <span class=\"_ _8\"> </span>Mux <span class=\"_ _8\"> </span>non <span class=\"_ _15\"> </span>fosse <span class=\"_ _8\"> </span>integralment<span class=\"_ _2\"></span>e sfruttata da Cair<span class=\"_ _2\"></span>o Network. Nella Legge di Bilancio 2018 (l. n. 205 del 2017, come successivament<span class=\"_ _2\"></span>e integrata e modificata dalla l. n. 145 d<span class=\"ff24\">el <span class=\"_ _6\"></span>2019), <span class=\"_ _3\"></span>all\u2019art. <span class=\"_ _6\"></span>1, <span class=\"_ _6\"></span>co. <span class=\"_ _3\"></span>1026 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ss., <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>ate <span class=\"_ _3\"></span>introdotte <span class=\"_ _6\"></span>specifiche <span class=\"_ _3\"></span>previsioni <span class=\"_ _3\"></span>volte <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>rilascio <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _3\"></span>degli </span>operatori <span class=\"_ _4\"> </span>televisivi<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>in <span class=\"_ _4\"> </span>tecnica <span class=\"_ _4\"> </span>terrestre <span class=\"_ _f\"> </span>delle <span class=\"_ _4\"> </span>frequenze <span class=\"_ _4\"> </span>della <span class=\"_ _f\"> </span>banda <span class=\"_ _4\"> </span>694<span class=\"_ _3\"></span>-790 <span class=\"_ _4\"> </span>MHz, <span class=\"_ _4\"> </span>c.d. <span class=\"_ _4\"> </span>\u201cbanda<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>700\u201d (corrispondente ai canali da 49 <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>60), in <span class=\"_ _3\"></span>favore <span class=\"_ _3\"></span>degli operatori telefonici, e <span class=\"_ _3\"></span>alla conseguente riorganizzazione<span class=\"_ _2\"></span> dei diritti d\u2019uso deg<span class=\"_ _1\"></span>li operatori televisivi esi<span class=\"_ _2\"></span>stenti sul ri<span class=\"_ _2\"></span>manente spettro <span class=\"_ _2\"></span>televisivo (\u201crefarm<span class=\"_ _2\"></span>ing\u201d). <span class=\"ff21\"> </span>In particolare, ne<span class=\"_ _2\"></span>lla Legge di Bi<span class=\"_ _2\"></span>lancio 2018 \u00e8, tr<span class=\"_ _2\"></span>a l\u2019altro, prev<span class=\"_ _2\"></span>isto che: <span class=\"ff21\"> </span>a) <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>frequenze <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>banda <span class=\"_ _3\"></span>700 <span class=\"_ _6\"></span>devono <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>completa<span class=\"_ _2\"></span>mente <span class=\"_ _6\"></span>rilasciate <span class=\"_ _3\"></span>dagli <span class=\"_ _6\"></span>operatori <span class=\"_ _3\"></span>televisivi <span class=\"_ _6\"></span>entro <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>30 giugno 2022; <span class=\"_ _2\"></span> b) i mux di f<span class=\"_ _2\"></span>requenze nazio<span class=\"_ _2\"></span>nali adottino lo <span class=\"_ _2\"></span>standard d<span class=\"_ _2\"></span>igitale terres<span class=\"_ _2\"></span>tre DVB-T2, introducendo u<span class=\"_ _2\"></span>na conversione<span class=\"_ _2\"></span> transitoria <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>diritti <span class=\"_ _6\"></span>d'uso <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>mux <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>frequenze <span class=\"_ _6\"></span>nazionali <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>dirit<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span>d'uso <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>capacit\u00e0 <span class=\"_ _6\"></span>trasmissiva, <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fini <span class=\"_ _6\"></span>della successiva riasse<span class=\"_ _2\"></span>gnazione;  c) <span class=\"_ _2\"></span>l\u2019assegnazione<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>diritti <span class=\"_ _2\"></span>d\u2019uso <span class=\"_ _1\"></span>(in enti<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _2\"></span>equivalente <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>due <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ux) <span class=\"_ _1\"></span>non deriv<span class=\"_ _2\"></span>anti d<span class=\"_ _1\"></span>alla suddetta <span class=\"_ _1\"></span>conversione <span class=\"_ _1\"></span>dei diritti d\u2019uso orig<span class=\"_ _2\"></span>inari s<span class=\"ff21\">ono assegnat<span class=\"_ _2\"></span>i mediante proc<span class=\"_ _2\"></span>edura onerosa.  </span>In <span class=\"_ _6\"></span>attuazione <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>predetta<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>legge, <span class=\"_ _3\"></span>l\u2019<span class=\"_ _3\"></span>Agco<span class=\"_ _2\"></span>m <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _3\"></span>Mise <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>adottato <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>provvedimen<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span>conseguent<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>esito <span class=\"_ _6\"></span>ai quali a <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Netwo<span class=\"_ _2\"></span>rk <span class=\"_ _3\"></span>\u00e8 stato <span class=\"_ _3\"></span>assegnato un diritto <span class=\"_ _3\"></span>d\u2019uso senza specificazione delle frequenze, corrispon<span class=\"_ _3\"></span><span class=\"ff21\">dente </span>alla met\u00e0 di un <span class=\"_ _2\"></span>mux (nel 2019).  Inoltre, <span class=\"_\"> </span>al <span class=\"_\"> </span>termine <span class=\"_\"> </span>de<span class=\"_ _2\"></span>lla <span class=\"_\"> </span>procedura <span class=\"_\"> </span>onerosa, <span class=\"_\"> </span>vo<span class=\"_ _2\"></span>lta <span class=\"_\"> </span>all\u2019assegnaz<span class=\"_ _2\"></span>ione <span class=\"_\"> </span>dei <span class=\"_\"> </span>diritti <span class=\"_\"> </span>d\u2019uso <span class=\"_\"> </span>non <span class=\"_\"> </span>d<span class=\"_ _2\"></span>erivanti <span class=\"_\"> </span>dalla<span class=\"_ _2\"></span> conversione <span class=\"_ _16\"></span>dei <span class=\"_ _16\"></span>diritti <span class=\"_ _1\"></span>d\u2019uso <span class=\"_ _16\"></span>attuali, <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _16\"></span>Mise, <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>determi<span class=\"_ _2\"></span>na <span class=\"_ _1\"></span>del <span class=\"_ _16\"></span>2 <span class=\"_ _1\"></span>luglio <span class=\"_ _1\"></span>2021, <span class=\"_ _16\"></span>ha <span class=\"_ _1\"></span>comunicato <span class=\"_ _0\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>Cairo <span class=\"_ _1\"></span>Networ<span class=\"ff21 ls7\">k </span>\u00e8 r<span class=\"_ _3\"></span>isultata aggiudicataria di <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>diritto <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _3\"></span>senza specificazione delle <span class=\"_ _3\"></span>frequenze, corrispondente <span class=\"_ _3\"></span>alla met\u00e0 <span class=\"_ _3\"></span>di un <span class=\"_ _1\"></span>multiplex <span class=\"_ _16\"></span>nazionale <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>nuova <span class=\"_ _1\"></span>pianificazione <span class=\"_ _16\"></span>e, <span class=\"_ _1\"></span>successivamente, <span class=\"_ _16\"></span>Cairo <span class=\"_ _1\"></span>Network, <span class=\"_ _16\"></span>ha p<span class=\"_ _1\"></span>roceduto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>pagamento di met\u00e0 <span class=\"_ _3\"></span>dell\u2019importo offerto in s<span class=\"_ _3\"></span><span class=\"ff21\">ede <span class=\"_ _3\"></span>di gara (<span class=\"_ _3\"></span>con riserva) e <span class=\"_ _3\"></span>ha chiesto <span class=\"_ _3\"></span>la prevista rateizzazione del residuo <span class=\"_ _3\"></span>(in </span>tre <span class=\"_ _7\"> </span>rate <span class=\"_ _8\"> </span>annuali). <span class=\"_ _7\"></span>In <span class=\"_ _7\"> </span>data <span class=\"_ _8\"> </span>6 <span class=\"_ _7\"> </span>agosto <span class=\"_ _8\"> </span>2021 <span class=\"_ _7\"> </span>il <span class=\"_ _8\"> </span>Mise <span class=\"_ _7\"> </span>per <span class=\"_ _8\"> </span>effetto <span class=\"_ _7\"> </span>della <span class=\"_ _7\"> </span>combinazione <span class=\"_ _7\"></span>dei <span class=\"_ _8\"> </span>due <span class=\"_ _7\"> </span>diritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _8\"> </span>senza specificazione <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>frequenze <span class=\"_ _14\"></span>ha <span class=\"_ _7\"></span>quindi <span class=\"_ _7\"></span>comunicato <span class=\"_ _14\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _14\"></span>provvedimento <span class=\"_ _7\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>assegnazione <span class=\"_ _14\"></span>del <span class=\"_ _7\"> </span>diritto <span class=\"_ _7\"></span>d\u2019uso <span class=\"_ _7\"></span>delle frequenze ai fini de<span class=\"_ _2\"></span>ll\u2019esercizio della re<span class=\"_ _2\"></span>te nazionale de<span class=\"_ _2\"></span>l PNAF denomina<span class=\"_ _2\"></span>ta \u201cRete nazional<span class=\"_ _2\"></span>e n. 10\u201d fino al 2032 (durata di due an<span class=\"_ _2\"></span>ni inferiore rispe<span class=\"_ _2\"></span>tto a quella del d<span class=\"_ _2\"></span>iritto origin<span class=\"_ _2\"></span>ariamente acqui<span class=\"_ _2\"></span>stato nel 2014).  Cairo <span class=\"_ _8\"></span>Network <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>stata <span class=\"_ _15\"> </span>udita <span class=\"_ _8\"> </span>nell\u2019ambito <span class=\"_ _8\"> </span>dei <span class=\"_ _8\"> </span>vari <span class=\"_ _8\"> </span>procedimenti <span class=\"_ _8\"> </span>e <span class=\"_ _8\"> </span>ha <span class=\"_ _15\"> </span>partecipato<span class=\"_ _2\"></span> <span class=\"_ _8\"> </span>alle <span class=\"_ _15\"> </span>relative <span class=\"_ _7\"> </span>consultazioni pubbliche, <span class=\"_ _1\"></span>evidenziando <span class=\"_ _16\"></span>le <span class=\"_ _2\"></span>considerazioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>carattere <span class=\"_ _1\"></span>giuridico <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>tecnico <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>depongono <span class=\"_ _16\"></span>per l\u2019es<span class=\"_ _2\"></span>clusione <span class=\"_ _16\"></span>della Societ\u00e0 <span class=\"_ _1\"></span>dall\u2019applicazione <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>Legge <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>Bila<span class=\"_ _3\"></span><span class=\"ff21\">ncio <span class=\"_ _1\"></span>(e, <span class=\"_ _1\"></span>in partico<span class=\"_ _2\"></span>lare, <span class=\"_ _1\"></span>dal <span class=\"_ _2\"></span>procedimen<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>conversione <span class=\"_ _1\"></span>del d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ritto </span>d\u2019uso originario e d<span class=\"_ _2\"></span>i assegnazione de<span class=\"_ _2\"></span>i diritti d\u2019uso di n<span class=\"_ _2\"></span>uova pianificaz<span class=\"_ _2\"></span>ione), allegando anch<span class=\"_ _2\"></span>e documentazi<span class=\"_ _2\"></span>one a supporto.  Cairo <span class=\"_ _6\"></span>Network <span class=\"_ _14\"></span>ha <span class=\"_ _6\"></span>poi <span class=\"_ _14\"></span>impugnato<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>anche <span class=\"_ _14\"></span>le <span class=\"_ _14\"></span>delibe<span class=\"_ _2\"></span>re <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>provvedi<span class=\"_ _2\"></span>men<span class=\"ff24\">ti<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>del<span class=\"_ _2\"></span>l\u2019Agcom <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>Mise, <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>attuazione </span>della <span class=\"_ _14\"></span>Legge <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>Bilancio, <span class=\"_ _6\"></span>con <span class=\"_ _14\"></span>ricorsi <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>Tar <span class=\"_ _14\"></span>Lazio, <span class=\"_ _6\"></span>Roma, <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>successivi <span class=\"_ _6\"></span>motivi <span class=\"_ _14\"></span>aggiunti <span class=\"_ _6\"></span>(r.g. <span class=\"_ _14\"></span>n. <span class=\"_ _14\"></span>6740/2018, <span class=\"_ _6\"></span>n. 7017/18, <span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span>440/2021 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>6040/2021), <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>dedotti <span class=\"_ _3\"></span>anche <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>giudice <span class=\"_ _6\"></span>amministrativo <span class=\"_ _3\"></span>le <span class=\"_ _6\"></span>medesime considerazioni <span class=\"_ _f\"> </span>evidenziate <span class=\"_ _f\"> </span>alle <span class=\"_ _4\"> </span>autorit\u00e0 <span class=\"_ _4\"> </span>pubblich<span class=\"_ _2\"></span>e <span class=\"_ _f\"> </span>e <span class=\"_ _4\"> </span>ulteriori <span class=\"_ _4\"> </span>profili <span class=\"_ _f\"> </span>di <span class=\"_ _4\"> </span>illegittimit\u00e0 <span class=\"_ _f\"> </span>dei <span class=\"_ _4\"> </span>provvediment<span class=\"_ _2\"></span>i impugnati.   <span class=\"_ _2\"></span> Il TAR Lazio, con sentenze pubblicat<span class=\"_ _2\"></span>e il 28 gennaio 2021 nei citati giudizi r.g. n. 6740/2018 e 7017/2018, ha respinto le <span class=\"_ _3\"></span>domande <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>annullamento, <span class=\"_ _3\"></span>sia pure <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>affrontando interamente il <span class=\"_ _3\"></span>merito delle <span class=\"_ _3\"></span>questioni poste <span class=\"_ _3\"></span>da Cairo Network, e <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>predette sentenze sono oggetto <span class=\"_ _3\"></span>di appello al <span class=\"_ _3\"></span>Consiglio di <span class=\"_ _3\"></span>Stato (r.g. <span class=\"_ _3\"></span>n. 4335 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>n. 4334, l<span class=\"_ _3\"></span>e cui udienze di d<span class=\"_ _2\"></span>iscussione s<span class=\"_ _2\"></span>ono fissate per l\u2019<span class=\"_ _2\"></span>8 giugno 2023). <span class=\"ff21\"> </span>Da <span class=\"_ _8\"></span>ultimo, <span class=\"_ _8\"></span>il <span class=\"_ _15\"></span>MISE <span class=\"_ _8\"></span>ha <span class=\"_ _8\"></span>pubblicato <span class=\"_ _8\"></span>in <span class=\"_ _8\"></span>data <span class=\"_ _15\"></span>8 <span class=\"_ _8\"></span>febbraio <span class=\"_ _8\"></span>2022 <span class=\"_ _8\"></span>il <span class=\"_ _8\"></span>decreto <span class=\"_ _8\"></span>relativo <span class=\"_ _8\"></span>alle <span class=\"_ _8\"></span>mi<span class=\"_ _3\"></span>sure <span class=\"_ _8\"></span>compensative<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>a beneficio deg<span class=\"_ _2\"></span>li operato<span class=\"_ _2\"></span>ri di <span class=\"_ _1\"></span>rete per i cos<span class=\"_ _2\"></span>ti sostenu<span class=\"_ _2\"></span>ti per <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>a predispos<span class=\"_ _2\"></span>izione di <span class=\"_ _1\"></span>impianti di tras<span class=\"_ _2\"></span>missione <span class=\"_ _2\"></span>idonei a garantire <span class=\"_ _2\"></span>lo standa<span class=\"_ _2\"></span>rd di <span class=\"_ _1\"></span>trasmissione T2, <span class=\"_ _2\"></span>che C<span class=\"_ _2\"></span>airo Ne<span class=\"_ _2\"></span>twork ha<span class=\"_ _2\"></span> impugn<span class=\"_ _2\"></span>ato con<span class=\"_ _2\"></span> ric<span class=\"_ _2\"></span>orso al <span class=\"_ _2\"></span>Tar, <span class=\"_ _2\"></span>pendente <span class=\"_ _2\"></span>(r.g. <span class=\"_ _2\"></span>n. 4515/2022).  Cairo <span class=\"_ _3\"></span>Network <span class=\"_ _3\"></span> \u00e8 <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>procinto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>avviare <span class=\"_ _3\"></span>azioni, <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>carattere giudiziale <span class=\"_ _3\"></span>(e <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>aggiunta <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>contenziosi <span class=\"_ _3\"></span>gi\u00e0 promossi), <span class=\"_ _3\"></span>volte <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ottenere <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>risarcimento<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>danni <span class=\"_ _6\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>pr<span class=\"_ _3\"></span>egiudizi <span class=\"_ _3\"></span>subiti <span class=\"_ _3\"></span>(i) <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>pagamen<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>richiesto <span class=\"_ _3\"></span>per riot<span class=\"ff24\">tenere <span class=\"_ _1\"></span>la tito<span class=\"_ _2\"></span>larit\u00e0 d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> un<span class=\"_ _1\"></span> diritto <span class=\"_ _1\"></span>d\u2019uso <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>frequenze<span class=\"_ _2\"></span> c<span class=\"_ _1\"></span>he Cairo <span class=\"_ _1\"></span>aveva g<span class=\"_ _2\"></span>i\u00e0 p<span class=\"_ _2\"></span>agato <span class=\"_ _1\"></span>in esito<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span>la <span class=\"_ _1\"></span>pr<span class=\"_ _3\"></span>ocedura <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>gara </span>del <span class=\"_ _3\"></span>2014, <span class=\"_ _3\"></span>ii) <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>versa durata <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>nuovo <span class=\"_ _3\"></span>diritto <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>iii) <span class=\"_ _6\"></span>per la <span class=\"_ _6\"></span>perd<span class=\"_ _2\"></span>ita <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>occasioni <span class=\"_ _3\"></span>commerciali subita negli <span class=\"_ _11\"> </span>ultimi <span class=\"_ _11\"> </span>anni <span class=\"_\"> </span> per <span class=\"_ _11\"> </span>effetto <span class=\"_\"> </span>del<span class=\"_ _2\"></span>l\u2019incertezza <span class=\"_ _11\"> </span>generat<span class=\"_ _2\"></span>a <span class=\"_ _11\"> </span>dalla <span class=\"_\"> </span>procedu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>a <span class=\"_ _11\"> </span>di <span class=\"_\"> </span>re<span class=\"_ _2\"></span>farming, <span class=\"_ _11\"> </span>iv) <span class=\"_\"> </span>per<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>es<span class=\"_ _3\"></span>sere <span class=\"_ _11\"> </span>stato discriminato <span class=\"_ _3\"></span>(sostanzialmente <span class=\"_ _6\"></span>unico <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>operatori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rete) <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>misure <span class=\"_ _6\"></span>compensativ<span class=\"_ _2\"></span>e <span class=\"_ _6\"></span>previste <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>decreto del Mise del 17 n<span class=\"_ _2\"></span>ovembre 2021 e pu<span class=\"_ _2\"></span>bblicato l\u20198 <span class=\"_ _2\"></span>febbraio 2022.<span class=\"ff21\"> </span>Allo <span class=\"_ _3\"></span>s<span class=\"ff24\">tato, non <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>ancora possibile prevedere con <span class=\"_ _3\"></span>certezza l<span class=\"_ _3\"></span>'effetto l\u2019esito dei <span class=\"_ _3\"></span>giudizi di <span class=\"_ _3\"></span>impugnazione al <span class=\"_ _3\"></span>TAR </span>e al Consiglio d<span class=\"_ _2\"></span>i Stato e di quelli <span class=\"_ _2\"></span>che potranno ess<span class=\"_ _2\"></span>ere nel futu<span class=\"_ _2\"></span>ro intrapresi Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>contenzioso <span class=\"_ _6\"></span>relativo <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>operazion<span class=\"_ _2\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>compravendita <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>complesso <span class=\"_ _6\"></span>immobiliare <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>Via Solferino <span class=\"_\"> </span>28-Via <span class=\"_\"> </span>San <span class=\"_\"> </span>Marco <span class=\"_\"> </span>21-Via <span class=\"_\"> </span>Bal<span class=\"_ _2\"></span>zan <span class=\"_\"> </span>3 <span class=\"_\"> </span>realizzata <span class=\"_\"> </span>nel <span class=\"_\"> </span>201<span class=\"_ _2\"></span>3, <span class=\"_\"> </span>descritto <span class=\"_\"> </span>nella <span class=\"_\"> </span>Nota <span class=\"_\"> </span>39 <span class=\"_\"> </span>a<span class=\"_ _2\"></span>l <span class=\"_\"> </span>bilancio consolidato <span class=\"_ _6\"></span>nella <span class=\"_ _3\"></span>relazione <span class=\"_ _6\"></span>finanziaria <span class=\"_ _6\"></span>annuale <span class=\"_ _6\"></span>2021, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>15 <span class=\"_ _6\"></span>luglio <span class=\"_ _6\"></span>RCS, <span class=\"_ _6\"></span>Kryalos <span class=\"_ _6\"></span>SGR <span class=\"_ _6\"></span>S.p.A. <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>nome <span class=\"_ _6\"></span>e per <span class=\"_ _6\"></span>conto <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>Fondo <span class=\"_ _14\"></span>Delphine <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Blackstone <span class=\"_ _6\"></span>(e <span class=\"_ _14\"></span>tutte <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>entit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>gruppo <span class=\"_ _6\"></span>Blackstone <span class=\"_ _6\"></span>attrici <span class=\"_ _6\"></span>nei <span class=\"_ _14\"></span>procedi<span class=\"_ _2\"></span>menti intentati a <span class=\"_ _3\"></span>New <span class=\"_ _3\"></span>York) <span class=\"_ _3\"></span>hanno defi<span class=\"_ _3\"></span>nito transattivamente le <span class=\"_ _3\"></span>controversie. L\u2019accordo raggiunto <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>comportato la definitiva <span class=\"_ _3\"></span>cessazione di <span class=\"_ _3\"></span>tutti <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>contenziosi <span class=\"_ _3\"></span>pendenti <span class=\"_ _3\"></span>negli <span class=\"_ _3\"></span>Stati <span class=\"_ _3\"></span>Uniti <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>Italia <span class=\"_ _3\"></span>e, <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>generale, l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>reciproca rinuncia <span class=\"_ _1\"></span>a ogni<span class=\"_ _2\"></span> pr<span class=\"_ _1\"></span>et<span class=\"_ _3\"></span>esa, <span class=\"_ _1\"></span>azione, d<span class=\"_ _2\"></span>anno <span class=\"_ _1\"></span>in rel<span class=\"_ _2\"></span>azione <span class=\"_ _1\"></span>alla c<span class=\"_ _2\"></span>ompravendita <span class=\"_ _1\"></span>del 20<span class=\"_ _1\"></span>13 e <span class=\"_ _1\"></span>alle a<span class=\"_ _1\"></span>zi<span class=\"_ _3\"></span>oni <span class=\"_ _1\"></span>intraprese <span class=\"_ _2\"></span>da <span class=\"_ _1\"></span>RCS in <span class=\"_ _3\"></span>relazione <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>essa.  <span class=\"_ _6\"></span>RCS ha <span class=\"_ _6\"></span>corrisposto <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contributo <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _3\"></span>10 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>alle <span class=\"_ _3\"></span>spese <span class=\"_ _3\"></span>sostenute <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>contropa<span class=\"_ _2\"></span>rte. Inoltre, <span class=\"_ _15\"> </span>RCS <span class=\"_ _8\"> </span>ha <span class=\"_ _12\"> </span>acquistato<span class=\"_ _2\"></span>, <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>prezzo <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>euro <span class=\"_ _15\"> </span>59,9 <span class=\"_ _8\"> </span>mili<span class=\"_ _3\"></span>oni, <span class=\"_ _8\"> </span>l\u2019immobile <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>Via <span class=\"_ _8\"> </span>Solf<span class=\"_ _3\"></span>erino, <span class=\"_ _8\"> </span>sede <span class=\"_ _15\"> </span>storica <span class=\"_ _15\"> </span>del Corriere <span class=\"_ _12\"> </span>della <span class=\"_ _11\"> </span>Sera <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>parte <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>complesso <span class=\"_ _12\"> </span>immobiliare. <span class=\"_ _12\"> </span>Contestualmen<span class=\"_ _2\"></span>te <span class=\"_ _12\"> </span>alla <span class=\"_ _11\"> </span>sottoscrizione <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>relativo contratto <span class=\"_ _7\"></span>preliminare <span class=\"_ _7\"></span>di <span class=\"_ _8\"></span>compravendita <span class=\"_ _14\"></span>immobiliare, <span class=\"_ _7\"></span>in <span class=\"_ _8\"></span>data <span class=\"_ _7\"></span>15 <span class=\"_ _8\"></span>luglio <span class=\"_ _8\"></span>2022 <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>ha <span class=\"_ _8\"></span>versato <span class=\"_ _7\"></span>a <span class=\"_ _8\"></span>Kryalos <span class=\"_ _7\"></span>un acconto <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _6\"></span>10 <span class=\"_ _3\"></span>milioni. <span class=\"_ _6\"></span>L\u2019acquis<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _2\"></span>immobile <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _3\"></span>finalizzato <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>19 <span class=\"_ _3\"></span>ottobre <span class=\"_ _3\"></span>2022, <span class=\"_ _6\"></span>con contestuale pag<span class=\"_ _2\"></span>amento del <span class=\"_ _2\"></span>saldo prezzo per euro 49,9 <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ilioni. Con rife<span class=\"_ _2\"></span>rimento <span class=\"_ _2\"></span>agli eve<span class=\"_ _1\"></span>nti di RCS <span class=\"_ _1\"></span>Sport, la <span class=\"_ _1\"></span>relazione finanzia<span class=\"_ _2\"></span>ria annuale <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>RCS, <span class=\"_ _2\"></span>rimandando <span class=\"_ _2\"></span>a  <span class=\"_ _1\"></span>quanto descritto <span class=\"_ _15\"> </span>nelle <span class=\"_ _15\"> </span>pr<span class=\"_ _3\"></span>ecedent<span class=\"_ _2\"></span>i <span class=\"_ _15\"> </span>r<span class=\"_ _3\"></span>elazioni <span class=\"_ _15\"> </span>finanziarie <span class=\"_ _15\"> </span>annuali <span class=\"_ _15\"> </span>pubblicate <span class=\"_ _15\"> </span>negli <span class=\"_ _12\"> </span>anni <span class=\"_ _15\"> </span>dal <span class=\"_ _12\"> </span>31 <span class=\"_ _15\"> </span>dicembre <span class=\"_ _12\"> </span>2013 <span class=\"_ _15\"> </span>al <span class=\"_ _12\"> </span>31 dicembre <span class=\"_ _1\"></span>2021 <span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>ella re<span class=\"_ _2\"></span>lazione <span class=\"_ _1\"></span>finanziaria <span class=\"_ _1\"></span><span class=\"ls4a\">se<span class=\"_ _3\"></span><span class=\"ls0\">mestrale <span class=\"_ _16\"></span>2022, ripo<span class=\"_ _2\"></span>rta <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>quel <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>concerne <span class=\"_ _1\"></span>il p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ocediment<span class=\"_ _2\"></span>o </span></span>penale <span class=\"_ _7\"></span>instaurato <span class=\"_ _14\"></span>a <span class=\"_ _8\"> </span>seguito <span class=\"_ _14\"></span>dell\u2019<span class=\"_ _3\"></span>atto <span class=\"_ _7\"></span>di <span class=\"_ _7\"> </span>querela <span class=\"_ _7\"></span>depositato <span class=\"_ _7\"></span>da <span class=\"_ _7\"> </span>RCS <span class=\"_ _7\"> </span>Sport <span class=\"_ _7\"></span>in <span class=\"_ _7\"> </span>data <span class=\"_ _7\"> </span>10 <span class=\"_ _8\"> </span>ottobre <span class=\"_ _7\"></span>2013<span class=\"_ _3\"></span><span class=\"ff21\">, <span class=\"_ _7\"></span>la <span class=\"_ _8\"></span>Corte </span>d\u2019<span class=\"ff21\">A</span>ppello d<span class=\"_ _2\"></span>i Milano <span class=\"_ _2\"></span>all\u2019udi<span class=\"_ _2\"></span>enza del <span class=\"_ _2\"></span>9 lug<span class=\"_ _2\"></span>lio 2021<span class=\"ff21\"> av<span class=\"_ _2\"></span>eva ridet<span class=\"_ _2\"></span>erminato <span class=\"_ _2\"></span>la pena <span class=\"_ _1\"></span>in anni 2 e 6 <span class=\"_ _1\"></span>mesi di r<span class=\"_ _2\"></span>eclusione </span>ed <span class=\"_ _3\"></span>Euro 600 di<span class=\"_ _3\"></span> multa <span class=\"_ _3\"></span>e <span class=\"ff24\">confermato l<span class=\"_ _3\"></span>a sentenza <span class=\"_ _3\"></span>di condanna dell\u2019ex dipendente al <span class=\"_ _3\"></span>risarcimento dei <span class=\"_ _3\"></span>danni. <span class=\"_ _3\"></span></span>Nel corso de<span class=\"_ _2\"></span>ll\u2019esercizio 202<span class=\"_ _1\"></span>2 la Cassa<span class=\"_ _2\"></span>zione ha <span class=\"_ _1\"></span>dichiarato i<span class=\"_ _2\"></span>nammissibile <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>l ricorso <span class=\"_ _1\"></span>proposto dell\u2019<span class=\"_ _2\"></span>ex dipen<span class=\"_ _2\"></span>dente e <span class=\"_ _1\"></span>la<span class=\"_ _3\"></span> sentenza \u00e8 passata <span class=\"_ _2\"></span>in giudicato. Con <span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>ferimento <span class=\"_ _1\"></span>al <span class=\"_ _2\"></span>contratto<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di comprave<span class=\"_ _2\"></span>ndita <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>RCS Libr<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>S.p.A., desc<span class=\"_ _2\"></span>ritto <span class=\"_ _2\"></span>nelle <span class=\"_ _1\"></span>relazioni <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>annuali 2016-2021 <span class=\"_ _14\"></span><span class=\"ff24\">di <span class=\"_ _7\"></span>RCS, <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>all\u2019<span class=\"ff26\">earn-out <span class=\"_ _14\"></span></span></span>ivi <span class=\"_ _14\"></span>previsto, <span class=\"_ _14\"></span>si <span class=\"_ _7\"></span>segnala <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>state <span class=\"_ _14\"></span>attivate <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span><span class=\"ff24\">tutt\u2019ora</span> <span class=\"_ _6\"></span><span class=\"ls6\">in</span> <span class=\"_ _14\"></span>corso <span class=\"_ _14\"></span><span class=\"ls17\">le</span> procedure necessari<span class=\"_ _2\"></span>e <span class=\"ls4\">ad</span> accertare <span class=\"ls6\">la</span> sussistenza<span class=\"_ _2\"></span> <span class=\"ls8\">(o</span> <span class=\"ff24\">meno) <span class=\"_ _3\"></span>dei presupposti all\u2019erogazione di <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span><span class=\"ff26\">earn-out </span></span>e, <span class=\"_ _3\"></span>in tal caso, alla sua <span class=\"_ _2\"></span>determina<span class=\"_ _2\"></span>zione, cos\u00ec come st<span class=\"_ _2\"></span>abilito nel contrat<span class=\"_ _2\"></span>to di cessione. Di seguito si elencano<span class=\"_ _2\"></span> le principali g<span class=\"_ _2\"></span>aranzie prestate d<span class=\"_ _2\"></span>al Grup<span class=\"_ _1\"></span>po: <span class=\"ff21 fc0 ls78\">le<span class=\"ls0\"> f<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>de<span class=\"_ _16\"></span>j<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>io<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span> g<span class=\"_ _16\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>an<span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>co<span class=\"_ _16\"></span>mp<span class=\"_ _16\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _16\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>en<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> 26,3 <span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _16\"></span>i <span class=\"_ _1\"></span><span class=\"ls65\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>in<span class=\"_ _16\"></span>cr<span class=\"_ _16\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>en<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ls1\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>3,<span class=\"_ _1\"></span>5 <span class=\"_ _1\"></span>mi<span class=\"_ _2\"></span>li<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i </span></span></span></span></span></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _2\"></span>et<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ff24\">al<span class=\"_ _2\"></span>l\u2019<span class=\"_ _1\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span><span class=\"ff21\"> <span class=\"_ _8\"></span>pr<span class=\"_ _1\"></span>ece<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>. <span class=\"_ _14\"></span>pri<span class=\"_ _1\"></span>nc<span class=\"_ _2\"></span>ip<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>e <span class=\"_ _14\"></span>pe<span class=\"_ _2\"></span>r <span class=\"_ _14\"></span><span class=\"ls4e\">le</span> <span class=\"_ _7\"></span>fid<span class=\"_ _1\"></span>ei<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ss<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>ri<span class=\"_ _1\"></span>las<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _8\"></span>dal <span class=\"_ _14\"></span>gr<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span>po <span class=\"_ _14\"></span>m-<span class=\"_ _2\"></span>Di<span class=\"_ _2\"></span>s <span class=\"_ _14\"></span><span class=\"ls3\">ad</span> <span class=\"_ _7\"></span>ope<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ori <span class=\"_ _14\"></span><span class=\"ls7\">di</span> </span></span>tele<span class=\"_ _1\"></span>foni<span class=\"_ _2\"></span>a <span class=\"_\"> </span>a<span class=\"_ _1\"></span> <span class=\"_\"> </span>gar<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>ia <span class=\"_\"> </span>d<span class=\"_ _2\"></span>el <span class=\"_ _11\"> </span>cor<span class=\"_ _2\"></span>rett<span class=\"_ _2\"></span>o <span class=\"_\"> </span>a<span class=\"_ _1\"></span>demp<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>to <span class=\"_\"> </span>de<span class=\"_ _2\"></span>i <span class=\"_ _11\"> </span>con<span class=\"_ _2\"></span>tra<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>i <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_ _f\"> </span>distribuz<span class=\"_ _2\"></span>ione<span class=\"ls55\">. <span class=\"_ _10\"> </span></span>La<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>vo<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>inoltr<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>comprende<span class=\"_ _2\"></span> fidejussioni <span class=\"_ _12\"> </span>prestate <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>favore <span class=\"_\"> </span>del<span class=\"_ _2\"></span>l\u2019Amminis<span class=\"_ _2\"></span>trazione <span class=\"_ _11\"> </span>Pubblica <span class=\"_ _11\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _11\"> </span>altri <span class=\"_ _11\"> </span>enti <span class=\"_\"> </span>pub<span class=\"_ _2\"></span>blici <span class=\"_ _12\"> </span>per <span class=\"_ _15\"> </span>manifestazioni <span class=\"_ _15\"> </span>di concorsi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>premi, <span class=\"_ _1\"></span>conc<span class=\"_ _3\"></span>essioni <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>contenziosi. <span class=\"ff21 fc0 ls6\">le<span class=\"ls0\"> alt<span class=\"_ _2\"></span>re garanzi<span class=\"_ _2\"></span>e sono <span class=\"_ _2\"></span>pari <span class=\"_ _2\"></span>a Euro <span class=\"_ _2\"></span>16,2 m<span class=\"_ _2\"></span>ilioni, <span class=\"_ _2\"></span><span class=\"ls6\">in<span class=\"ls0\"> in<span class=\"_ _2\"></span>cremento <span class=\"_ _2\"></span><span class=\"ls7\">di<span class=\"ls0\"> Euro 4,2 <span class=\"_ _1\"></span>milioni rispetto <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> 31 <span class=\"_ _3\"></span>dicembre 2021<span class=\"_ _3\"></span> </span></span></span></span></span></span></span></span>per <span class=\"_ _6\"></span>nuove <span class=\"_ _3\"></span>garanzie <span class=\"_ _3\"></span>rilasciate <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>favore <span class=\"_ _3\"></span>dell\u2019Agenzia <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>Entrate <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>Crediti <span class=\"_ _3\"></span>IVA<span class=\"_ _3\"></span><span class=\"ff21\"> (Euro <span class=\"_ _1\"></span>3,9 <span class=\"_ _2\"></span>milioni). <span class=\"_ _1\"></span><span class=\"ls9\">La<span class=\"ls0\"> voc<span class=\"_ _2\"></span>e </span></span></span>inoltre <span class=\"_ _16\"></span>comprende <span class=\"_ _16\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>manleva <span class=\"_ _16\"></span>rilasciata <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>favore <span class=\"_ _16\"></span><span class=\"ff24\">dell\u2019Agenzia per lo Sviluppo dell\u2019Editoria e a favore di <span class=\"_ _3\"></span>SIAE </span></span></span>per rimborsi ricevu<span class=\"_ _2\"></span>ti. <span class=\"ff21 fc0\">gli <span class=\"_ _16\"></span>impegni <span class=\"_ _1\"></span>ammontano <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>Euro <span class=\"_ _1\"></span>1,3 <span class=\"_ _16\"></span>milioni, <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>diminuzione <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>0<span class=\"ff24\">,4 <span class=\"_ _16\"></span>milioni <span class=\"_ _16\"></span>rispetto <span class=\"_ _16\"></span>all\u2019esercizio <span class=\"_ _16\"></span>precedente. </span></span>La <span class=\"_ _12\"> </span>voce<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>comprende <span class=\"_ _11\"> </span>gli <span class=\"_ _12\"> </span>impegni <span class=\"_ _11\"> </span>contrattual<span class=\"_ _2\"></span>i <span class=\"_ _11\"> </span>(esistenti <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>potenziali) <span class=\"_ _12\"> </span>relativi <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>personale <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>si <span class=\"_ _11\"> </span>riferiscono unicamente <span class=\"_ _14\"></span>ad <span class=\"_ _7\"></span>accordi <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>vi<span class=\"_ _3\"></span>gore <span class=\"_ _14\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2022 <span class=\"_ _14\"></span>soggetti <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>clausole <span class=\"_ _7\"></span>contr<span class=\"_ _2\"></span>attuali <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>quella <span class=\"_ _7\"></span>data <span class=\"_ _14\"></span>sotto <span class=\"_ _7\"></span>il controllo esclus<span class=\"_ _2\"></span>ivo del Gru<span class=\"_ _2\"></span>ppo. Tali impegn<span class=\"_ _2\"></span>i sono sottoscritti <span class=\"_ _2\"></span>con parti corre<span class=\"_ _2\"></span>late per Euro 0,7 milioni. Si evidenzia<span class=\"_ _2\"></span> inoltre <span class=\"_ _1\"></span>che nell\u2019ambi<span class=\"_ _2\"></span>to delle <span class=\"_ _2\"></span>cession<span class=\"_ _2\"></span>i o co<span class=\"_ _2\"></span>nferimenti d<span class=\"_ _2\"></span>i par<span class=\"_ _2\"></span>tecipazioni o <span class=\"_ _2\"></span>rami d\u2019a<span class=\"_ _2\"></span>zienda <span class=\"_ _2\"></span>effettuate dal <span class=\"_ _8\"></span>Gruppo <span class=\"_ _7\"></span>RCS, <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _8\"></span>Gruppo <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>ha <span class=\"_ _8\"></span>concesso <span class=\"_ _8\"></span>garanzie <span class=\"_ _8\"></span>prevalentement<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>natura <span class=\"_ _8\"></span>fiscale, <span class=\"_ _8\"></span>previdenzia<span class=\"_ _2\"></span>le <span class=\"_ _8\"></span>e lavoristiche anco<span class=\"_ _2\"></span>ra attive. T<span class=\"_ _2\"></span>ali garanzie sono s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ate rilasciate s<span class=\"_ _2\"></span>econdo usi e cond<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>zioni di mercato. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1412-3": {
   "value": "39. I<span class=\"_ _1\"></span>mpegni<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>ris<span class=\"_ _1\"></span>chi e<span class=\"_ _2\"></span>d a<span class=\"_ _2\"></span>ltre<span class=\"_ _1\"></span> inf<span class=\"_ _2\"></span>orma<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>oni La <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _12\"> </span>controllata <span class=\"_ _12\"> </span>Cairo <span class=\"_ _12\"> </span>Network <span class=\"_ _12\"> </span>S.r.l. <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>corso <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>2014 <span class=\"_ _11\"> </span>ha <span class=\"_ _12\"> </span>partecipato <span class=\"_ _15\"> </span>alla <span class=\"_ _11\"> </span>procedura <span class=\"_ _15\"> </span>indetta <span class=\"_ _11\"> </span>dal Ministero dello <span class=\"_ _6\"></span>Sviluppo Economico per <span class=\"_ _3\"></span>l\u2019assegnazione dei <span class=\"_ _3\"></span>diritti <span class=\"_ _6\"></span>d\u2019uso di <span class=\"_ _3\"></span>frequen<span class=\"_ _3\"></span><span class=\"ff21\">ze <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>banda <span class=\"_ _3\"></span>televisiva <span class=\"_ _3\"></span>per </span>sistemi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>radiodiffusione <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>gitale <span class=\"_ _6\"></span>terrestre, <span class=\"_ _6\"></span>presentan<span class=\"_ _2\"></span>do <span class=\"_ _f\"> </span><span class=\"ls6\">la</span> <span class=\"_\"> </span>propria<span class=\"_ _2\"></span> <span class=\"_\"> </span>offe<span class=\"_ _2\"></span>rta <span class=\"_\"> </span>vinc<span class=\"_ _2\"></span>olante <span class=\"_\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _11\"> </span>aggiudicandosi <span class=\"_ _11\"> </span>i diritti <span class=\"_ _15\"> </span><span class=\"ff24\">d\u2019<span class=\"_ _3\"></span>uso</span> <span class=\"_ _15\"> </span>- <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls6\">la</span> <span class=\"_ _12\"> </span>durat<span class=\"_ _2\"></span>a <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span><span class=\"ls7\">20<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>an<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> - <span class=\"_ _3\"></span><span class=\"ff24\">di <span class=\"_ _3\"></span>un <span class=\"_ _6\"></span>lotto di <span class=\"_ _6\"></span>frequenze<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>(\u201cMux\u201d). <span class=\"_ _3\"></span>Nel mese <span class=\"_ _6\"></span>di gennaio <span class=\"_ _3\"></span>2015 <span class=\"_ _3\"></span>Cairo </span>Network <span class=\"_ _3\"></span>ha <span class=\"_ _6\"></span>quindi <span class=\"_ _3\"></span>sottoscritto <span class=\"_ _3\"></span>con <span class=\"_ _6\"></span>EI <span class=\"_ _3\"></span>Towers <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _6\"></span>(\u201cEIT\u201d) <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>accordi <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>realizzazione <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>succe<span class=\"_ _2\"></span>ssiva gestione <span class=\"_ _5\"> </span>tecnica <span class=\"_ _17\"> </span>plurienn<span class=\"_ _2\"></span>ale <span class=\"_ _17\"> </span>in <span class=\"_ _5\"> </span>modalit\u00e0 <span class=\"_ _17\"> </span>full <span class=\"_ _5\"> </span>service<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>(ospitalit\u00e0, <span class=\"_ _5\"> </span>assistenza <span class=\"_ _5\"> </span>e <span class=\"_ _17\"> </span>manutenzione, <span class=\"_ _5\"> </span>utilizzo dell\u2019infrastrut<span class=\"_ _2\"></span>tura<span class=\"ff21\"> di trasmissione, ecc.) <span class=\"_ _2\"></span>del Mux. Gli a<span class=\"_ _2\"></span>ccordi, come rivi<span class=\"_ _2\"></span>sti nel mese di <span class=\"_ _6\"></span>marzo <span class=\"_ _6\"></span>2018 <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _6\"></span>termini </span>nel complesso <span class=\"_ _2\"></span>migliorativi per Ca<span class=\"_ _2\"></span>iro Network, pr<span class=\"_ _2\"></span>evedono tra l\u2019alt<span class=\"_ _2\"></span>ro:<span class=\"ff21\"> </span><span class=\"ff21 fs2 fc0\">una fase transito<span class=\"_ _2\"></span>ria, completata <span class=\"_ _2\"></span><span class=\"ls6\">il<span class=\"ls0\"> <span class=\"ls7\">31</span> dicembre 2017, <span class=\"_ _2\"></span>nel corso della <span class=\"_ _2\"></span>quale realizza<span class=\"_ _2\"></span>re <span class=\"ls6\">la<span class=\"_ _2\"></span><span class=\"ls0\"> messa <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _14\"></span>esercizio <span class=\"_ _6\"></span>del </span></span></span></span></span>Mux e una fase a r<span class=\"_ _2\"></span>egime di eserci<span class=\"_ _2\"></span>zio del Mux del<span class=\"_ _2\"></span>la durata di 17 ann<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> (dal 2018 al <span class=\"_ _2\"></span>2034); <span class=\"ff21 fs2 fc0 ls6\">la<span class=\"ls0\"> facolt\u00e0 di <span class=\"_ _2\"></span>recesso libero da pa<span class=\"_ _2\"></span>rte di Cairo Network a<span class=\"_ _2\"></span> partire dal 1\u00b0 gennaio <span class=\"ls1\">2025;</span> </span></span><span class=\"ff21 fs2 fc0\">copertura garantita al<span class=\"_ _2\"></span>meno pari al 94%<span class=\"_ _2\"></span> della popo<span class=\"_ _2\"></span>lazione, allinea<span class=\"_ _2\"></span>ta ai Mux nazi<span class=\"_ _2\"></span>onali a magg<span class=\"_ _2\"></span>ior copertura; </span><span class=\"ff21 fs2 fc0\">corrispettivi a favore d<span class=\"_ _2\"></span>i EI<span class=\"_ _1\"></span>T:<span class=\"_ _2\"></span> </span>\u2022<span class=\"ff2a sc0\"> <span class=\"_ _147\"> </span><span class=\"ff21 fc0\">per la fase di rea<span class=\"_ _2\"></span>lizzazione <span class=\"_ _2\"></span>della rete (2015-<span class=\"ff24\">2017) par<span class=\"_ _2\"></span>i a Euro 11,5 <span class=\"_ _2\"></span>milioni comple<span class=\"_ _2\"></span>ssivi per l\u2019intero </span></span></span>triennio; \u2022<span class=\"ff2a sc0\"> <span class=\"_ _147\"> </span><span class=\"ff21 fc0\">a regime (a <span class=\"ff24\">partire dal<span class=\"_ _2\"></span>l\u2019anno 2018)<span class=\"ff21\"> pari a Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o 16 milioni an<span class=\"_ _2\"></span>nui<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> </span></span></span></span><span class=\"ff21 fs2 fc0\">tali importi sono comp<span class=\"_ _2\"></span>rensivi del corr<span class=\"_ _2\"></span>ispettivo per la m<span class=\"_ _2\"></span>essa a disposiz<span class=\"_ _2\"></span>ione dei trasmettitori; </span><span class=\"ff21 fs2 fc0\">un <span class=\"_ _3\"></span>onere <span class=\"_ _3\"></span>annuo <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>EIT <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>favore di <span class=\"_ _3\"></span>Cairo <span class=\"_ _6\"></span>Network<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>a <span class=\"_ _3\"></span>partire <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>2018, compreso <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>0 <span class=\"_ _6\"></span>e un <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>assimo di </span>Euro 6 m<span class=\"_ _2\"></span>ilioni neg<span class=\"_ _2\"></span>li anni 2<span class=\"_ _1\"></span>018<span class=\"_ _3\"></span>-2022, che <span class=\"_ _2\"></span>si riduc<span class=\"_ _2\"></span>e a E<span class=\"_ _1\"></span>uro 5,5 milioni neg<span class=\"_ _1\"></span>li anni 2023-2027 <span class=\"_ _2\"></span>e a Eur<span class=\"_ _2\"></span>o 5 <span class=\"_ _2\"></span>milioni dal <span class=\"_ _8\"></span>2028 <span class=\"_ _8\"></span>e <span class=\"_ _15\"> </span>fino <span class=\"_ _8\"></span>a <span class=\"_ _8\"></span>scadenza, <span class=\"_ _15\"> </span>nell\u2019eventualit\u00e0 <span class=\"_ _7\"> </span>in <span class=\"_ _8\"> </span>cui <span class=\"_ _15\"> </span>la <span class=\"_ _8\"> </span>banda <span class=\"_ _8\"> </span>disponibile <span class=\"_ _8\"> </span>sul <span class=\"_ _8\"> </span>Mux <span class=\"_ _8\"> </span>non <span class=\"_ _15\"> </span>fosse <span class=\"_ _8\"> </span>integralment<span class=\"_ _2\"></span>e sfruttata da Cair<span class=\"_ _2\"></span>o Network. Nella Legge di Bilancio 2018 (l. n. 205 del 2017, come successivament<span class=\"_ _2\"></span>e integrata e modificata dalla l. n. 145 d<span class=\"ff24\">el <span class=\"_ _6\"></span>2019), <span class=\"_ _3\"></span>all\u2019art. <span class=\"_ _6\"></span>1, <span class=\"_ _6\"></span>co. <span class=\"_ _3\"></span>1026 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ss., <span class=\"_ _6\"></span>sono <span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>ate <span class=\"_ _3\"></span>introdotte <span class=\"_ _6\"></span>specifiche <span class=\"_ _3\"></span>previsioni <span class=\"_ _3\"></span>volte <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>rilascio <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _3\"></span>degli </span>operatori <span class=\"_ _4\"> </span>televisivi<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>in <span class=\"_ _4\"> </span>tecnica <span class=\"_ _4\"> </span>terrestre <span class=\"_ _f\"> </span>delle <span class=\"_ _4\"> </span>frequenze <span class=\"_ _4\"> </span>della <span class=\"_ _f\"> </span>banda <span class=\"_ _4\"> </span>694<span class=\"_ _3\"></span>-790 <span class=\"_ _4\"> </span>MHz, <span class=\"_ _4\"> </span>c.d. <span class=\"_ _4\"> </span>\u201cbanda<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>700\u201d (corrispondente ai canali da 49 <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>60), in <span class=\"_ _3\"></span>favore <span class=\"_ _3\"></span>degli operatori telefonici, e <span class=\"_ _3\"></span>alla conseguente riorganizzazione<span class=\"_ _2\"></span> dei diritti d\u2019uso deg<span class=\"_ _1\"></span>li operatori televisivi esi<span class=\"_ _2\"></span>stenti sul ri<span class=\"_ _2\"></span>manente spettro <span class=\"_ _2\"></span>televisivo (\u201crefarm<span class=\"_ _2\"></span>ing\u201d). <span class=\"ff21\"> </span>In particolare, ne<span class=\"_ _2\"></span>lla Legge di Bi<span class=\"_ _2\"></span>lancio 2018 \u00e8, tr<span class=\"_ _2\"></span>a l\u2019altro, prev<span class=\"_ _2\"></span>isto che: <span class=\"ff21\"> </span>a) <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>frequenze <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>banda <span class=\"_ _3\"></span>700 <span class=\"_ _6\"></span>devono <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>completa<span class=\"_ _2\"></span>mente <span class=\"_ _6\"></span>rilasciate <span class=\"_ _3\"></span>dagli <span class=\"_ _6\"></span>operatori <span class=\"_ _3\"></span>televisivi <span class=\"_ _6\"></span>entro <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>30 giugno 2022; <span class=\"_ _2\"></span> b) i mux di f<span class=\"_ _2\"></span>requenze nazio<span class=\"_ _2\"></span>nali adottino lo <span class=\"_ _2\"></span>standard d<span class=\"_ _2\"></span>igitale terres<span class=\"_ _2\"></span>tre DVB-T2, introducendo u<span class=\"_ _2\"></span>na conversione<span class=\"_ _2\"></span> transitoria <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>diritti <span class=\"_ _6\"></span>d'uso <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>mux <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>frequenze <span class=\"_ _6\"></span>nazionali <span class=\"_ _6\"></span>in <span class=\"_ _14\"></span>dirit<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span>d'uso <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>capacit\u00e0 <span class=\"_ _6\"></span>trasmissiva, <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>fini <span class=\"_ _6\"></span>della successiva riasse<span class=\"_ _2\"></span>gnazione;  c) <span class=\"_ _2\"></span>l\u2019assegnazione<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>diritti <span class=\"_ _2\"></span>d\u2019uso <span class=\"_ _1\"></span>(in enti<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _2\"></span>equivalente <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>due <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ux) <span class=\"_ _1\"></span>non deriv<span class=\"_ _2\"></span>anti d<span class=\"_ _1\"></span>alla suddetta <span class=\"_ _1\"></span>conversione <span class=\"_ _1\"></span>dei diritti d\u2019uso orig<span class=\"_ _2\"></span>inari s<span class=\"ff21\">ono assegnat<span class=\"_ _2\"></span>i mediante proc<span class=\"_ _2\"></span>edura onerosa.  </span>In <span class=\"_ _6\"></span>attuazione <span class=\"_ _3\"></span>della <span class=\"_ _6\"></span>predetta<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>legge, <span class=\"_ _3\"></span>l\u2019<span class=\"_ _3\"></span>Agco<span class=\"_ _2\"></span>m <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>il <span class=\"_ _3\"></span>Mise <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>adottato <span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>provvedimen<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span>conseguent<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>esito <span class=\"_ _6\"></span>ai quali a <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Netwo<span class=\"_ _2\"></span>rk <span class=\"_ _3\"></span>\u00e8 stato <span class=\"_ _3\"></span>assegnato un diritto <span class=\"_ _3\"></span>d\u2019uso senza specificazione delle frequenze, corrispon<span class=\"_ _3\"></span><span class=\"ff21\">dente </span>alla met\u00e0 di un <span class=\"_ _2\"></span>mux (nel 2019).  Inoltre, <span class=\"_\"> </span>al <span class=\"_\"> </span>termine <span class=\"_\"> </span>de<span class=\"_ _2\"></span>lla <span class=\"_\"> </span>procedura <span class=\"_\"> </span>onerosa, <span class=\"_\"> </span>vo<span class=\"_ _2\"></span>lta <span class=\"_\"> </span>all\u2019assegnaz<span class=\"_ _2\"></span>ione <span class=\"_\"> </span>dei <span class=\"_\"> </span>diritti <span class=\"_\"> </span>d\u2019uso <span class=\"_\"> </span>non <span class=\"_\"> </span>d<span class=\"_ _2\"></span>erivanti <span class=\"_\"> </span>dalla<span class=\"_ _2\"></span> conversione <span class=\"_ _16\"></span>dei <span class=\"_ _16\"></span>diritti <span class=\"_ _1\"></span>d\u2019uso <span class=\"_ _16\"></span>attuali, <span class=\"_ _16\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _16\"></span>Mise, <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>determi<span class=\"_ _2\"></span>na <span class=\"_ _1\"></span>del <span class=\"_ _16\"></span>2 <span class=\"_ _1\"></span>luglio <span class=\"_ _1\"></span>2021, <span class=\"_ _16\"></span>ha <span class=\"_ _1\"></span>comunicato <span class=\"_ _0\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>Cairo <span class=\"_ _1\"></span>Networ<span class=\"ff21 ls7\">k </span>\u00e8 r<span class=\"_ _3\"></span>isultata aggiudicataria di <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>diritto <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _3\"></span>senza specificazione delle <span class=\"_ _3\"></span>frequenze, corrispondente <span class=\"_ _3\"></span>alla met\u00e0 <span class=\"_ _3\"></span>di un <span class=\"_ _1\"></span>multiplex <span class=\"_ _16\"></span>nazionale <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>nuova <span class=\"_ _1\"></span>pianificazione <span class=\"_ _16\"></span>e, <span class=\"_ _1\"></span>successivamente, <span class=\"_ _16\"></span>Cairo <span class=\"_ _1\"></span>Network, <span class=\"_ _16\"></span>ha p<span class=\"_ _1\"></span>roceduto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>pagamento di met\u00e0 <span class=\"_ _3\"></span>dell\u2019importo offerto in s<span class=\"_ _3\"></span><span class=\"ff21\">ede <span class=\"_ _3\"></span>di gara (<span class=\"_ _3\"></span>con riserva) e <span class=\"_ _3\"></span>ha chiesto <span class=\"_ _3\"></span>la prevista rateizzazione del residuo <span class=\"_ _3\"></span>(in </span>tre <span class=\"_ _7\"> </span>rate <span class=\"_ _8\"> </span>annuali). <span class=\"_ _7\"></span>In <span class=\"_ _7\"> </span>data <span class=\"_ _8\"> </span>6 <span class=\"_ _7\"> </span>agosto <span class=\"_ _8\"> </span>2021 <span class=\"_ _7\"> </span>il <span class=\"_ _8\"> </span>Mise <span class=\"_ _7\"> </span>per <span class=\"_ _8\"> </span>effetto <span class=\"_ _7\"> </span>della <span class=\"_ _7\"> </span>combinazione <span class=\"_ _7\"></span>dei <span class=\"_ _8\"> </span>due <span class=\"_ _7\"> </span>diritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _8\"> </span>senza specificazione <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>frequenze <span class=\"_ _14\"></span>ha <span class=\"_ _7\"></span>quindi <span class=\"_ _7\"></span>comunicato <span class=\"_ _14\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _14\"></span>provvedimento <span class=\"_ _7\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span>assegnazione <span class=\"_ _14\"></span>del <span class=\"_ _7\"> </span>diritto <span class=\"_ _7\"></span>d\u2019uso <span class=\"_ _7\"></span>delle frequenze ai fini de<span class=\"_ _2\"></span>ll\u2019esercizio della re<span class=\"_ _2\"></span>te nazionale de<span class=\"_ _2\"></span>l PNAF denomina<span class=\"_ _2\"></span>ta \u201cRete nazional<span class=\"_ _2\"></span>e n. 10\u201d fino al 2032 (durata di due an<span class=\"_ _2\"></span>ni inferiore rispe<span class=\"_ _2\"></span>tto a quella del d<span class=\"_ _2\"></span>iritto origin<span class=\"_ _2\"></span>ariamente acqui<span class=\"_ _2\"></span>stato nel 2014).  Cairo <span class=\"_ _8\"></span>Network <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>stata <span class=\"_ _15\"> </span>udita <span class=\"_ _8\"> </span>nell\u2019ambito <span class=\"_ _8\"> </span>dei <span class=\"_ _8\"> </span>vari <span class=\"_ _8\"> </span>procedimenti <span class=\"_ _8\"> </span>e <span class=\"_ _8\"> </span>ha <span class=\"_ _15\"> </span>partecipato<span class=\"_ _2\"></span> <span class=\"_ _8\"> </span>alle <span class=\"_ _15\"> </span>relative <span class=\"_ _7\"> </span>consultazioni pubbliche, <span class=\"_ _1\"></span>evidenziando <span class=\"_ _16\"></span>le <span class=\"_ _2\"></span>considerazioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>carattere <span class=\"_ _1\"></span>giuridico <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>tecnico <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>depongono <span class=\"_ _16\"></span>per l\u2019es<span class=\"_ _2\"></span>clusione <span class=\"_ _16\"></span>della Societ\u00e0 <span class=\"_ _1\"></span>dall\u2019applicazione <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>Legge <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>Bila<span class=\"_ _3\"></span><span class=\"ff21\">ncio <span class=\"_ _1\"></span>(e, <span class=\"_ _1\"></span>in partico<span class=\"_ _2\"></span>lare, <span class=\"_ _1\"></span>dal <span class=\"_ _2\"></span>procedimen<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>conversione <span class=\"_ _1\"></span>del d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ritto </span>d\u2019uso originario e d<span class=\"_ _2\"></span>i assegnazione de<span class=\"_ _2\"></span>i diritti d\u2019uso di n<span class=\"_ _2\"></span>uova pianificaz<span class=\"_ _2\"></span>ione), allegando anch<span class=\"_ _2\"></span>e documentazi<span class=\"_ _2\"></span>one a supporto.  Cairo <span class=\"_ _6\"></span>Network <span class=\"_ _14\"></span>ha <span class=\"_ _6\"></span>poi <span class=\"_ _14\"></span>impugnato<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>anche <span class=\"_ _14\"></span>le <span class=\"_ _14\"></span>delibe<span class=\"_ _2\"></span>re <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>provvedi<span class=\"_ _2\"></span>men<span class=\"ff24\">ti<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>del<span class=\"_ _2\"></span>l\u2019Agcom <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>Mise, <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>attuazione </span>della <span class=\"_ _14\"></span>Legge <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>Bilancio, <span class=\"_ _6\"></span>con <span class=\"_ _14\"></span>ricorsi <span class=\"_ _6\"></span>al <span class=\"_ _14\"></span>Tar <span class=\"_ _14\"></span>Lazio, <span class=\"_ _6\"></span>Roma, <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>successivi <span class=\"_ _6\"></span>motivi <span class=\"_ _14\"></span>aggiunti <span class=\"_ _6\"></span>(r.g. <span class=\"_ _14\"></span>n. <span class=\"_ _14\"></span>6740/2018, <span class=\"_ _6\"></span>n. 7017/18, <span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span>440/2021 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>6040/2021), <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>cui <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>dedotti <span class=\"_ _3\"></span>anche <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>giudice <span class=\"_ _6\"></span>amministrativo <span class=\"_ _3\"></span>le <span class=\"_ _6\"></span>medesime considerazioni <span class=\"_ _f\"> </span>evidenziate <span class=\"_ _f\"> </span>alle <span class=\"_ _4\"> </span>autorit\u00e0 <span class=\"_ _4\"> </span>pubblich<span class=\"_ _2\"></span>e <span class=\"_ _f\"> </span>e <span class=\"_ _4\"> </span>ulteriori <span class=\"_ _4\"> </span>profili <span class=\"_ _f\"> </span>di <span class=\"_ _4\"> </span>illegittimit\u00e0 <span class=\"_ _f\"> </span>dei <span class=\"_ _4\"> </span>provvediment<span class=\"_ _2\"></span>i impugnati.   <span class=\"_ _2\"></span> Il TAR Lazio, con sentenze pubblicat<span class=\"_ _2\"></span>e il 28 gennaio 2021 nei citati giudizi r.g. n. 6740/2018 e 7017/2018, ha respinto le <span class=\"_ _3\"></span>domande <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>annullamento, <span class=\"_ _3\"></span>sia pure <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>affrontando interamente il <span class=\"_ _3\"></span>merito delle <span class=\"_ _3\"></span>questioni poste <span class=\"_ _3\"></span>da Cairo Network, e <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>predette sentenze sono oggetto <span class=\"_ _3\"></span>di appello al <span class=\"_ _3\"></span>Consiglio di <span class=\"_ _3\"></span>Stato (r.g. <span class=\"_ _3\"></span>n. 4335 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>n. 4334, l<span class=\"_ _3\"></span>e cui udienze di d<span class=\"_ _2\"></span>iscussione s<span class=\"_ _2\"></span>ono fissate per l\u2019<span class=\"_ _2\"></span>8 giugno 2023). <span class=\"ff21\"> </span>Da <span class=\"_ _8\"></span>ultimo, <span class=\"_ _8\"></span>il <span class=\"_ _15\"></span>MISE <span class=\"_ _8\"></span>ha <span class=\"_ _8\"></span>pubblicato <span class=\"_ _8\"></span>in <span class=\"_ _8\"></span>data <span class=\"_ _15\"></span>8 <span class=\"_ _8\"></span>febbraio <span class=\"_ _8\"></span>2022 <span class=\"_ _8\"></span>il <span class=\"_ _8\"></span>decreto <span class=\"_ _8\"></span>relativo <span class=\"_ _8\"></span>alle <span class=\"_ _8\"></span>mi<span class=\"_ _3\"></span>sure <span class=\"_ _8\"></span>compensative<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>a beneficio deg<span class=\"_ _2\"></span>li operato<span class=\"_ _2\"></span>ri di <span class=\"_ _1\"></span>rete per i cos<span class=\"_ _2\"></span>ti sostenu<span class=\"_ _2\"></span>ti per <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>a predispos<span class=\"_ _2\"></span>izione di <span class=\"_ _1\"></span>impianti di tras<span class=\"_ _2\"></span>missione <span class=\"_ _2\"></span>idonei a garantire <span class=\"_ _2\"></span>lo standa<span class=\"_ _2\"></span>rd di <span class=\"_ _1\"></span>trasmissione T2, <span class=\"_ _2\"></span>che C<span class=\"_ _2\"></span>airo Ne<span class=\"_ _2\"></span>twork ha<span class=\"_ _2\"></span> impugn<span class=\"_ _2\"></span>ato con<span class=\"_ _2\"></span> ric<span class=\"_ _2\"></span>orso al <span class=\"_ _2\"></span>Tar, <span class=\"_ _2\"></span>pendente <span class=\"_ _2\"></span>(r.g. <span class=\"_ _2\"></span>n. 4515/2022).  Cairo <span class=\"_ _3\"></span>Network <span class=\"_ _3\"></span> \u00e8 <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>procinto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>avviare <span class=\"_ _3\"></span>azioni, <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>carattere giudiziale <span class=\"_ _3\"></span>(e <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>aggiunta <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>contenziosi <span class=\"_ _3\"></span>gi\u00e0 promossi), <span class=\"_ _3\"></span>volte <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>ottenere <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>risarcimento<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>danni <span class=\"_ _6\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>pr<span class=\"_ _3\"></span>egiudizi <span class=\"_ _3\"></span>subiti <span class=\"_ _3\"></span>(i) <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>pagamen<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>richiesto <span class=\"_ _3\"></span>per riot<span class=\"ff24\">tenere <span class=\"_ _1\"></span>la tito<span class=\"_ _2\"></span>larit\u00e0 d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> un<span class=\"_ _1\"></span> diritto <span class=\"_ _1\"></span>d\u2019uso <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>frequenze<span class=\"_ _2\"></span> c<span class=\"_ _1\"></span>he Cairo <span class=\"_ _1\"></span>aveva g<span class=\"_ _2\"></span>i\u00e0 p<span class=\"_ _2\"></span>agato <span class=\"_ _1\"></span>in esito<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span>la <span class=\"_ _1\"></span>pr<span class=\"_ _3\"></span>ocedura <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>gara </span>del <span class=\"_ _3\"></span>2014, <span class=\"_ _3\"></span>ii) <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>versa durata <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>nuovo <span class=\"_ _3\"></span>diritto <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>iii) <span class=\"_ _6\"></span>per la <span class=\"_ _6\"></span>perd<span class=\"_ _2\"></span>ita <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>occasioni <span class=\"_ _3\"></span>commerciali subita negli <span class=\"_ _11\"> </span>ultimi <span class=\"_ _11\"> </span>anni <span class=\"_\"> </span> per <span class=\"_ _11\"> </span>effetto <span class=\"_\"> </span>del<span class=\"_ _2\"></span>l\u2019incertezza <span class=\"_ _11\"> </span>generat<span class=\"_ _2\"></span>a <span class=\"_ _11\"> </span>dalla <span class=\"_\"> </span>procedu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>a <span class=\"_ _11\"> </span>di <span class=\"_\"> </span>re<span class=\"_ _2\"></span>farming, <span class=\"_ _11\"> </span>iv) <span class=\"_\"> </span>per<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>es<span class=\"_ _3\"></span>sere <span class=\"_ _11\"> </span>stato discriminato <span class=\"_ _3\"></span>(sostanzialmente <span class=\"_ _6\"></span>unico <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>operatori <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rete) <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>misure <span class=\"_ _6\"></span>compensativ<span class=\"_ _2\"></span>e <span class=\"_ _6\"></span>previste <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>decreto del Mise del 17 n<span class=\"_ _2\"></span>ovembre 2021 e pu<span class=\"_ _2\"></span>bblicato l\u20198 <span class=\"_ _2\"></span>febbraio 2022.<span class=\"ff21\"> </span>Allo <span class=\"_ _3\"></span>s<span class=\"ff24\">tato, non <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>ancora possibile prevedere con <span class=\"_ _3\"></span>certezza l<span class=\"_ _3\"></span>'effetto l\u2019esito dei <span class=\"_ _3\"></span>giudizi di <span class=\"_ _3\"></span>impugnazione al <span class=\"_ _3\"></span>TAR </span>e al Consiglio d<span class=\"_ _2\"></span>i Stato e di quelli <span class=\"_ _2\"></span>che potranno ess<span class=\"_ _2\"></span>ere nel futu<span class=\"_ _2\"></span>ro intrapresi Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>contenzioso <span class=\"_ _6\"></span>relativo <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>operazion<span class=\"_ _2\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>compravendita <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>complesso <span class=\"_ _6\"></span>immobiliare <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>Via Solferino <span class=\"_\"> </span>28-Via <span class=\"_\"> </span>San <span class=\"_\"> </span>Marco <span class=\"_\"> </span>21-Via <span class=\"_\"> </span>Bal<span class=\"_ _2\"></span>zan <span class=\"_\"> </span>3 <span class=\"_\"> </span>realizzata <span class=\"_\"> </span>nel <span class=\"_\"> </span>201<span class=\"_ _2\"></span>3, <span class=\"_\"> </span>descritto <span class=\"_\"> </span>nella <span class=\"_\"> </span>Nota <span class=\"_\"> </span>39 <span class=\"_\"> </span>a<span class=\"_ _2\"></span>l <span class=\"_\"> </span>bilancio consolidato <span class=\"_ _6\"></span>nella <span class=\"_ _3\"></span>relazione <span class=\"_ _6\"></span>finanziaria <span class=\"_ _6\"></span>annuale <span class=\"_ _6\"></span>2021, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>15 <span class=\"_ _6\"></span>luglio <span class=\"_ _6\"></span>RCS, <span class=\"_ _6\"></span>Kryalos <span class=\"_ _6\"></span>SGR <span class=\"_ _6\"></span>S.p.A. <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>nome <span class=\"_ _6\"></span>e per <span class=\"_ _6\"></span>conto <span class=\"_ _14\"></span>del <span class=\"_ _6\"></span>Fondo <span class=\"_ _14\"></span>Delphine <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>Blackstone <span class=\"_ _6\"></span>(e <span class=\"_ _14\"></span>tutte <span class=\"_ _6\"></span>le <span class=\"_ _14\"></span>entit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _14\"></span>gruppo <span class=\"_ _6\"></span>Blackstone <span class=\"_ _6\"></span>attrici <span class=\"_ _6\"></span>nei <span class=\"_ _14\"></span>procedi<span class=\"_ _2\"></span>menti intentati a <span class=\"_ _3\"></span>New <span class=\"_ _3\"></span>York) <span class=\"_ _3\"></span>hanno defi<span class=\"_ _3\"></span>nito transattivamente le <span class=\"_ _3\"></span>controversie. L\u2019accordo raggiunto <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>comportato la definitiva <span class=\"_ _3\"></span>cessazione di <span class=\"_ _3\"></span>tutti <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>contenziosi <span class=\"_ _3\"></span>pendenti <span class=\"_ _3\"></span>negli <span class=\"_ _3\"></span>Stati <span class=\"_ _3\"></span>Uniti <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>Italia <span class=\"_ _3\"></span>e, <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>generale, l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>reciproca rinuncia <span class=\"_ _1\"></span>a ogni<span class=\"_ _2\"></span> pr<span class=\"_ _1\"></span>et<span class=\"_ _3\"></span>esa, <span class=\"_ _1\"></span>azione, d<span class=\"_ _2\"></span>anno <span class=\"_ _1\"></span>in rel<span class=\"_ _2\"></span>azione <span class=\"_ _1\"></span>alla c<span class=\"_ _2\"></span>ompravendita <span class=\"_ _1\"></span>del 20<span class=\"_ _1\"></span>13 e <span class=\"_ _1\"></span>alle a<span class=\"_ _1\"></span>zi<span class=\"_ _3\"></span>oni <span class=\"_ _1\"></span>intraprese <span class=\"_ _2\"></span>da <span class=\"_ _1\"></span>RCS in <span class=\"_ _3\"></span>relazione <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>essa.  <span class=\"_ _6\"></span>RCS ha <span class=\"_ _6\"></span>corrisposto <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contributo <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _3\"></span>10 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>alle <span class=\"_ _3\"></span>spese <span class=\"_ _3\"></span>sostenute <span class=\"_ _3\"></span>da <span class=\"_ _6\"></span>contropa<span class=\"_ _2\"></span>rte. Inoltre, <span class=\"_ _15\"> </span>RCS <span class=\"_ _8\"> </span>ha <span class=\"_ _12\"> </span>acquistato<span class=\"_ _2\"></span>, <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>prezzo <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>euro <span class=\"_ _15\"> </span>59,9 <span class=\"_ _8\"> </span>mili<span class=\"_ _3\"></span>oni, <span class=\"_ _8\"> </span>l\u2019immobile <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>Via <span class=\"_ _8\"> </span>Solf<span class=\"_ _3\"></span>erino, <span class=\"_ _8\"> </span>sede <span class=\"_ _15\"> </span>storica <span class=\"_ _15\"> </span>del Corriere <span class=\"_ _12\"> </span>della <span class=\"_ _11\"> </span>Sera <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>parte <span class=\"_ _11\"> </span>del <span class=\"_ _11\"> </span>complesso <span class=\"_ _12\"> </span>immobiliare. <span class=\"_ _12\"> </span>Contestualmen<span class=\"_ _2\"></span>te <span class=\"_ _12\"> </span>alla <span class=\"_ _11\"> </span>sottoscrizione <span class=\"_ _11\"> </span>del <span class=\"_ _12\"> </span>relativo contratto <span class=\"_ _7\"></span>preliminare <span class=\"_ _7\"></span>di <span class=\"_ _8\"></span>compravendita <span class=\"_ _14\"></span>immobiliare, <span class=\"_ _7\"></span>in <span class=\"_ _8\"></span>data <span class=\"_ _7\"></span>15 <span class=\"_ _8\"></span>luglio <span class=\"_ _8\"></span>2022 <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>ha <span class=\"_ _8\"></span>versato <span class=\"_ _7\"></span>a <span class=\"_ _8\"></span>Kryalos <span class=\"_ _7\"></span>un acconto <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _6\"></span>10 <span class=\"_ _3\"></span>milioni. <span class=\"_ _6\"></span>L\u2019acquis<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _2\"></span>immobile <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _3\"></span>finalizzato <span class=\"_ _3\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>19 <span class=\"_ _3\"></span>ottobre <span class=\"_ _3\"></span>2022, <span class=\"_ _6\"></span>con contestuale pag<span class=\"_ _2\"></span>amento del <span class=\"_ _2\"></span>saldo prezzo per euro 49,9 <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ilioni. Con rife<span class=\"_ _2\"></span>rimento <span class=\"_ _2\"></span>agli eve<span class=\"_ _1\"></span>nti di RCS <span class=\"_ _1\"></span>Sport, la <span class=\"_ _1\"></span>relazione finanzia<span class=\"_ _2\"></span>ria annuale <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>RCS, <span class=\"_ _2\"></span>rimandando <span class=\"_ _2\"></span>a  <span class=\"_ _1\"></span>quanto descritto <span class=\"_ _15\"> </span>nelle <span class=\"_ _15\"> </span>pr<span class=\"_ _3\"></span>ecedent<span class=\"_ _2\"></span>i <span class=\"_ _15\"> </span>r<span class=\"_ _3\"></span>elazioni <span class=\"_ _15\"> </span>finanziarie <span class=\"_ _15\"> </span>annuali <span class=\"_ _15\"> </span>pubblicate <span class=\"_ _15\"> </span>negli <span class=\"_ _12\"> </span>anni <span class=\"_ _15\"> </span>dal <span class=\"_ _12\"> </span>31 <span class=\"_ _15\"> </span>dicembre <span class=\"_ _12\"> </span>2013 <span class=\"_ _15\"> </span>al <span class=\"_ _12\"> </span>31 dicembre <span class=\"_ _1\"></span>2021 <span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>ella re<span class=\"_ _2\"></span>lazione <span class=\"_ _1\"></span>finanziaria <span class=\"_ _1\"></span><span class=\"ls4a\">se<span class=\"_ _3\"></span><span class=\"ls0\">mestrale <span class=\"_ _16\"></span>2022, ripo<span class=\"_ _2\"></span>rta <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>quel <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>concerne <span class=\"_ _1\"></span>il p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ocediment<span class=\"_ _2\"></span>o </span></span>penale <span class=\"_ _7\"></span>instaurato <span class=\"_ _14\"></span>a <span class=\"_ _8\"> </span>seguito <span class=\"_ _14\"></span>dell\u2019<span class=\"_ _3\"></span>atto <span class=\"_ _7\"></span>di <span class=\"_ _7\"> </span>querela <span class=\"_ _7\"></span>depositato <span class=\"_ _7\"></span>da <span class=\"_ _7\"> </span>RCS <span class=\"_ _7\"> </span>Sport <span class=\"_ _7\"></span>in <span class=\"_ _7\"> </span>data <span class=\"_ _7\"> </span>10 <span class=\"_ _8\"> </span>ottobre <span class=\"_ _7\"></span>2013<span class=\"_ _3\"></span><span class=\"ff21\">, <span class=\"_ _7\"></span>la <span class=\"_ _8\"></span>Corte </span>d\u2019<span class=\"ff21\">A</span>ppello d<span class=\"_ _2\"></span>i Milano <span class=\"_ _2\"></span>all\u2019udi<span class=\"_ _2\"></span>enza del <span class=\"_ _2\"></span>9 lug<span class=\"_ _2\"></span>lio 2021<span class=\"ff21\"> av<span class=\"_ _2\"></span>eva ridet<span class=\"_ _2\"></span>erminato <span class=\"_ _2\"></span>la pena <span class=\"_ _1\"></span>in anni 2 e 6 <span class=\"_ _1\"></span>mesi di r<span class=\"_ _2\"></span>eclusione </span>ed <span class=\"_ _3\"></span>Euro 600 di<span class=\"_ _3\"></span> multa <span class=\"_ _3\"></span>e <span class=\"ff24\">confermato l<span class=\"_ _3\"></span>a sentenza <span class=\"_ _3\"></span>di condanna dell\u2019ex dipendente al <span class=\"_ _3\"></span>risarcimento dei <span class=\"_ _3\"></span>danni. <span class=\"_ _3\"></span></span>Nel corso de<span class=\"_ _2\"></span>ll\u2019esercizio 202<span class=\"_ _1\"></span>2 la Cassa<span class=\"_ _2\"></span>zione ha <span class=\"_ _1\"></span>dichiarato i<span class=\"_ _2\"></span>nammissibile <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>l ricorso <span class=\"_ _1\"></span>proposto dell\u2019<span class=\"_ _2\"></span>ex dipen<span class=\"_ _2\"></span>dente e <span class=\"_ _1\"></span>la<span class=\"_ _3\"></span> sentenza \u00e8 passata <span class=\"_ _2\"></span>in giudicato. Con <span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>ferimento <span class=\"_ _1\"></span>al <span class=\"_ _2\"></span>contratto<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di comprave<span class=\"_ _2\"></span>ndita <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>RCS Libr<span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>S.p.A., desc<span class=\"_ _2\"></span>ritto <span class=\"_ _2\"></span>nelle <span class=\"_ _1\"></span>relazioni <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>annuali 2016-2021 <span class=\"_ _14\"></span><span class=\"ff24\">di <span class=\"_ _7\"></span>RCS, <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>all\u2019<span class=\"ff26\">earn-out <span class=\"_ _14\"></span></span></span>ivi <span class=\"_ _14\"></span>previsto, <span class=\"_ _14\"></span>si <span class=\"_ _7\"></span>segnala <span class=\"_ _14\"></span>che <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span>state <span class=\"_ _14\"></span>attivate <span class=\"_ _14\"></span>e <span class=\"_ _14\"></span>sono <span class=\"_ _14\"></span><span class=\"ff24\">tutt\u2019ora</span> <span class=\"_ _6\"></span><span class=\"ls6\">in</span> <span class=\"_ _14\"></span>corso <span class=\"_ _14\"></span><span class=\"ls17\">le</span> procedure necessari<span class=\"_ _2\"></span>e <span class=\"ls4\">ad</span> accertare <span class=\"ls6\">la</span> sussistenza<span class=\"_ _2\"></span> <span class=\"ls8\">(o</span> <span class=\"ff24\">meno) <span class=\"_ _3\"></span>dei presupposti all\u2019erogazione di <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span><span class=\"ff26\">earn-out </span></span>e, <span class=\"_ _3\"></span>in tal caso, alla sua <span class=\"_ _2\"></span>determina<span class=\"_ _2\"></span>zione, cos\u00ec come st<span class=\"_ _2\"></span>abilito nel contrat<span class=\"_ _2\"></span>to di cessione. Di seguito si elencano<span class=\"_ _2\"></span> le principali g<span class=\"_ _2\"></span>aranzie prestate d<span class=\"_ _2\"></span>al Grup<span class=\"_ _1\"></span>po: <span class=\"ff21 fc0 ls78\">le<span class=\"ls0\"> f<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>de<span class=\"_ _16\"></span>j<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>io<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span> g<span class=\"_ _16\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>an<span class=\"_ _16\"></span>o <span class=\"_ _1\"></span>co<span class=\"_ _16\"></span>mp<span class=\"_ _16\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _16\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>en<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> 26,3 <span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _16\"></span>i <span class=\"_ _1\"></span><span class=\"ls65\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>in<span class=\"_ _16\"></span>cr<span class=\"_ _16\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>en<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ls1\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _16\"></span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>3,<span class=\"_ _1\"></span>5 <span class=\"_ _1\"></span>mi<span class=\"_ _2\"></span>li<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i </span></span></span></span></span></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _2\"></span>et<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ff24\">al<span class=\"_ _2\"></span>l\u2019<span class=\"_ _1\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span><span class=\"ff21\"> <span class=\"_ _8\"></span>pr<span class=\"_ _1\"></span>ece<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>. <span class=\"_ _14\"></span>pri<span class=\"_ _1\"></span>nc<span class=\"_ _2\"></span>ip<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>e <span class=\"_ _14\"></span>pe<span class=\"_ _2\"></span>r <span class=\"_ _14\"></span><span class=\"ls4e\">le</span> <span class=\"_ _7\"></span>fid<span class=\"_ _1\"></span>ei<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ss<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _8\"></span>ri<span class=\"_ _1\"></span>las<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _8\"></span>dal <span class=\"_ _14\"></span>gr<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span>po <span class=\"_ _14\"></span>m-<span class=\"_ _2\"></span>Di<span class=\"_ _2\"></span>s <span class=\"_ _14\"></span><span class=\"ls3\">ad</span> <span class=\"_ _7\"></span>ope<span class=\"_ _2\"></span>rat<span class=\"_ _2\"></span>ori <span class=\"_ _14\"></span><span class=\"ls7\">di</span> </span></span>tele<span class=\"_ _1\"></span>foni<span class=\"_ _2\"></span>a <span class=\"_\"> </span>a<span class=\"_ _1\"></span> <span class=\"_\"> </span>gar<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>ia <span class=\"_\"> </span>d<span class=\"_ _2\"></span>el <span class=\"_ _11\"> </span>cor<span class=\"_ _2\"></span>rett<span class=\"_ _2\"></span>o <span class=\"_\"> </span>a<span class=\"_ _1\"></span>demp<span class=\"_ _2\"></span>im<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>to <span class=\"_\"> </span>de<span class=\"_ _2\"></span>i <span class=\"_ _11\"> </span>con<span class=\"_ _2\"></span>tra<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>i <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_ _f\"> </span>distribuz<span class=\"_ _2\"></span>ione<span class=\"ls55\">. <span class=\"_ _10\"> </span></span>La<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>vo<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>inoltr<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>comprende<span class=\"_ _2\"></span> fidejussioni <span class=\"_ _12\"> </span>prestate <span class=\"_ _11\"> </span>a <span class=\"_ _11\"> </span>favore <span class=\"_\"> </span>del<span class=\"_ _2\"></span>l\u2019Amminis<span class=\"_ _2\"></span>trazione <span class=\"_ _11\"> </span>Pubblica <span class=\"_ _11\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _11\"> </span>altri <span class=\"_ _11\"> </span>enti <span class=\"_\"> </span>pub<span class=\"_ _2\"></span>blici <span class=\"_ _12\"> </span>per <span class=\"_ _15\"> </span>manifestazioni <span class=\"_ _15\"> </span>di concorsi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>premi, <span class=\"_ _1\"></span>conc<span class=\"_ _3\"></span>essioni <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>contenziosi. <span class=\"ff21 fc0 ls6\">le<span class=\"ls0\"> alt<span class=\"_ _2\"></span>re garanzi<span class=\"_ _2\"></span>e sono <span class=\"_ _2\"></span>pari <span class=\"_ _2\"></span>a Euro <span class=\"_ _2\"></span>16,2 m<span class=\"_ _2\"></span>ilioni, <span class=\"_ _2\"></span><span class=\"ls6\">in<span class=\"ls0\"> in<span class=\"_ _2\"></span>cremento <span class=\"_ _2\"></span><span class=\"ls7\">di<span class=\"ls0\"> Euro 4,2 <span class=\"_ _1\"></span>milioni rispetto <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> 31 <span class=\"_ _3\"></span>dicembre 2021<span class=\"_ _3\"></span> </span></span></span></span></span></span></span></span>per <span class=\"_ _6\"></span>nuove <span class=\"_ _3\"></span>garanzie <span class=\"_ _3\"></span>rilasciate <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>favore <span class=\"_ _3\"></span>dell\u2019Agenzia <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>Entrate <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>Crediti <span class=\"_ _3\"></span>IVA<span class=\"_ _3\"></span><span class=\"ff21\"> (Euro <span class=\"_ _1\"></span>3,9 <span class=\"_ _2\"></span>milioni). <span class=\"_ _1\"></span><span class=\"ls9\">La<span class=\"ls0\"> voc<span class=\"_ _2\"></span>e </span></span></span>inoltre <span class=\"_ _16\"></span>comprende <span class=\"_ _16\"></span><span class=\"ls6\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>manleva <span class=\"_ _16\"></span>rilasciata <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>favore <span class=\"_ _16\"></span><span class=\"ff24\">dell\u2019Agenzia per lo Sviluppo dell\u2019Editoria e a favore di <span class=\"_ _3\"></span>SIAE </span></span></span>per rimborsi ricevu<span class=\"_ _2\"></span>ti. <span class=\"ff21 fc0\">gli <span class=\"_ _16\"></span>impegni <span class=\"_ _1\"></span>ammontano <span class=\"_ _16\"></span>a <span class=\"_ _16\"></span>Euro <span class=\"_ _1\"></span>1,3 <span class=\"_ _16\"></span>milioni, <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>diminuzione <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>0<span class=\"ff24\">,4 <span class=\"_ _16\"></span>milioni <span class=\"_ _16\"></span>rispetto <span class=\"_ _16\"></span>all\u2019esercizio <span class=\"_ _16\"></span>precedente. </span></span>La <span class=\"_ _12\"> </span>voce<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>comprende <span class=\"_ _11\"> </span>gli <span class=\"_ _12\"> </span>impegni <span class=\"_ _11\"> </span>contrattual<span class=\"_ _2\"></span>i <span class=\"_ _11\"> </span>(esistenti <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>potenziali) <span class=\"_ _12\"> </span>relativi <span class=\"_ _12\"> </span>al <span class=\"_ _11\"> </span>personale <span class=\"_ _12\"> </span>e <span class=\"_ _11\"> </span>si <span class=\"_ _11\"> </span>riferiscono unicamente <span class=\"_ _14\"></span>ad <span class=\"_ _7\"></span>accordi <span class=\"_ _14\"></span>in <span class=\"_ _14\"></span>vi<span class=\"_ _3\"></span>gore <span class=\"_ _14\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _7\"></span>2022 <span class=\"_ _14\"></span>soggetti <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>clausole <span class=\"_ _7\"></span>contr<span class=\"_ _2\"></span>attuali <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>quella <span class=\"_ _7\"></span>data <span class=\"_ _14\"></span>sotto <span class=\"_ _7\"></span>il controllo esclus<span class=\"_ _2\"></span>ivo del Gru<span class=\"_ _2\"></span>ppo. Tali impegn<span class=\"_ _2\"></span>i sono sottoscritti <span class=\"_ _2\"></span>con parti corre<span class=\"_ _2\"></span>late per Euro 0,7 milioni. Si evidenzia<span class=\"_ _2\"></span> inoltre <span class=\"_ _1\"></span>che nell\u2019ambi<span class=\"_ _2\"></span>to delle <span class=\"_ _2\"></span>cession<span class=\"_ _2\"></span>i o co<span class=\"_ _2\"></span>nferimenti d<span class=\"_ _2\"></span>i par<span class=\"_ _2\"></span>tecipazioni o <span class=\"_ _2\"></span>rami d\u2019a<span class=\"_ _2\"></span>zienda <span class=\"_ _2\"></span>effettuate dal <span class=\"_ _8\"></span>Gruppo <span class=\"_ _7\"></span>RCS, <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _8\"></span>Gruppo <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>ha <span class=\"_ _8\"></span>concesso <span class=\"_ _8\"></span>garanzie <span class=\"_ _8\"></span>prevalentement<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>natura <span class=\"_ _8\"></span>fiscale, <span class=\"_ _8\"></span>previdenzia<span class=\"_ _2\"></span>le <span class=\"_ _8\"></span>e lavoristiche anco<span class=\"_ _2\"></span>ra attive. T<span class=\"_ _2\"></span>ali garanzie sono s<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>ate rilasciate s<span class=\"_ _2\"></span>econdo usi e cond<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>zioni di mercato. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1528-2": {
   "value": "Ai <span class=\"_ _7\"></span>sensi <span class=\"_ _14\"></span>dell\u2019art. <span class=\"_ _7\"> </span>1 <span class=\"_ _7\"> </span>commi <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>125 <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>129 <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>Legge <span class=\"_ _14\"></span>4 <span class=\"_ _7\"> </span>agosto <span class=\"_ _7\"> </span>20<span class=\"_ _3\"></span><span class=\"ff21\">17 <span class=\"_ _7\"></span>n. <span class=\"_ _7\"></span>124, <span class=\"_ _7\"></span>relativamente <span class=\"_ _14\"></span>agli <span class=\"_ _7\"></span>obblighi <span class=\"_ _7\"></span>di </span>pubblicazione <span class=\"_ _14\"></span>di <span class=\"_ _8\"></span>sovvenzi<span class=\"_ _2\"></span>oni, <span class=\"_ _7\"></span>contributi, <span class=\"_ _7\"></span>incarichi <span class=\"_ _14\"></span>retribuiti <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>comunque <span class=\"_ _14\"></span>vantaggi <span class=\"_ _7\"></span>economici <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>qualunque genere <span class=\"_ _6\"></span>ricevuti <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>pubbli<span class=\"_ _2\"></span>che <span class=\"_ _6\"></span>amministrazion<span class=\"_ _2\"></span>i, <span class=\"_ _6\"></span> <span class=\"_ _6\"></span>si <span class=\"_ _14\"></span>segnala <span class=\"_ _3\"></span>che <span class=\"_ _14\"></span>gli <span class=\"_ _6\"></span>Enti <span class=\"_ _3\"></span>erogatori <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>tenuti <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>pubblicare<span class=\"_ _3\"></span> <span class=\"_ _14\"></span><span class=\"ls17\">i </span>contributi <span class=\"_ _24f\"> </span>sul <span class=\"_ _24f\"> </span>Registro <span class=\"_ _24f\"> </span>nazionale <span class=\"_ _24f\"> </span>degli <span class=\"_ _24f\"> </span>aiuti, <span class=\"_ _24f\"> </span>accessibile <span class=\"_ _24f\"> </span>al <span class=\"_ _24f\"> </span>seguente <span class=\"_ _24f\"> </span>indirizzo:<span class=\"_ _3\"></span>  in materia di aiu<span class=\"_ _2\"></span>ti di Stato e di<span class=\"_ _2\"></span> aiuti de minim<span class=\"_ _2\"></span>is. Con <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>Registro Nazionale <span class=\"_ _3\"></span>Degli <span class=\"_ _3\"></span>Aiuti <span class=\"_ _3\"></span>(RNA) <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>segnala <span class=\"_ _3\"></span>l\u2019indicazione<span class=\"ff21\"> <span class=\"_ _6\"></span>relativa al <span class=\"_ _6\"></span>riconosc<span class=\"_ _2\"></span>imento </span>del <span class=\"_ _7\"></span>credito <span class=\"_ _14\"></span>d\u2019imposta <span class=\"_ _14\"></span>a <span class=\"_ _7\"> </span>favore <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>imprese <span class=\"_ _14\"></span>editrici <span class=\"_ _14\"></span>di <span class=\"_ _7\"> </span>quotidiani <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>di <span class=\"_ _14\"></span>periodici <span class=\"_ _14\"></span>per <span class=\"_ _7\"> </span>le <span class=\"_ _7\"> </span>spese <span class=\"_ _14\"></span>sostenute <span class=\"_ _7\"> </span>per l'acquisto della ca<span class=\"_ _2\"></span>rta e per la distr<span class=\"_ _2\"></span>ibuzione delle t<span class=\"_ _2\"></span>estate edi<span class=\"_ _2\"></span>te Si <span class=\"_ _7\"></span>evidenzia <span class=\"_ _14\"></span>inoltre <span class=\"_ _14\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _7\"></span>sono <span class=\"_ _14\"></span>stati <span class=\"_ _7\"></span>considerati <span class=\"_ _14\"></span>gli <span class=\"_ _7\"></span>importi <span class=\"_ _14\"></span>inerenti <span class=\"_ _14\"></span>a <span class=\"_ _7\"></span>transazioni <span class=\"_ _7\"></span>commerc<span class=\"_ _2\"></span>iali<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>realizzate nell\u2019esercizio che p<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>evedono un co<span class=\"_ _2\"></span>rrispettivo. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1538-3": {
   "value": "40<span class=\"ls0\">.<span class=\"fc0\"> R<span class=\"_ _1\"></span>apport<span class=\"_ _1\"></span>i con<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>rti co<span class=\"_ _1\"></span>rrela<span class=\"_ _1\"></span>te </span></span>In <span class=\"_ _2\"></span>adempimento <span class=\"_ _1\"></span>a qua<span class=\"_ _2\"></span>nto <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ichiesto <span class=\"_ _1\"></span>con comun<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>cazione <span class=\"_ _1\"></span>Consob ai <span class=\"_ _1\"></span>sensi <span class=\"_ _2\"></span>dell\u2019artico<span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span>114, <span class=\"_ _1\"></span>comma<span class=\"_ _3\"></span><span class=\"ff21\"> <span class=\"_ _16\"></span>5, <span class=\"_ _0\"></span>del <span class=\"_ _16\"></span><span class=\"ls16\">D.<span class=\"ls0\"> <span class=\"_ _16\"></span>Lgs. </span></span></span>n.58/98, protocollo <span class=\"_ _3\"></span>numero 13046378 <span class=\"_ _6\"></span>del 27 m<span class=\"_ _3\"></span>aggio <span class=\"_ _3\"></span>2013, <span class=\"ls34\">si</span> <span class=\"_ _3\"></span>riportano <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>questa <span class=\"_ _7\"></span>nota <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>rapporti <span class=\"_ _8\"></span>verso <span class=\"_ _14\"></span>parti correlate del Gruppo<span class=\"_ _2\"></span>. Le<span class=\"ls0\"> proc<span class=\"_ _2\"></span>edure <span class=\"_ _2\"></span>adottate <span class=\"_ _1\"></span>dal Gruppo <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span><span class=\"ls6\">le<span class=\"ls0\"> ope<span class=\"_ _2\"></span>razioni <span class=\"_ _2\"></span>con <span class=\"_ _1\"></span>par<span class=\"_ _3\"></span>ti co<span class=\"_ _2\"></span>rrelate, <span class=\"_ _1\"></span><span class=\"ls4\">ai<span class=\"ls0\"> fini <span class=\"_ _1\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span><span class=\"ls0\"> assicura<span class=\"_ _2\"></span>rne la trasparenza e la </span></span></span></span></span></span></span>correttezza <span class=\"_ _3\"></span>sostanziale <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>procedurale, <span class=\"_ _3\"></span>sono <span class=\"_ _6\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>inf<span class=\"_ _3\"></span>ormativa <span class=\"_ _6\"></span><span class=\"ff24\">nella <span class=\"_ _3\"></span>\u201cRelazione</span> <span class=\"_ _3\"></span>sul Governo <span class=\"_ _3\"></span>Societario e gli <span class=\"_ _7\"></span>Assetti <span class=\"_ _7\"></span><span class=\"ff24\">Proprietari\u201d</span> <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>consultabili <span class=\"_ _7\"></span>sul <span class=\"_ _7\"></span>sito <span class=\"_ _7\"></span>della <span class=\"_ _15\"></span>societ\u00e0 <span class=\"_ _8\"></span>nella <span class=\"_ _15\"></span>sezione Corporate Governan<span class=\"_ _2\"></span>ce<span class=\"ff21\">. </span>Le <span class=\"_ _1\"></span>operazioni <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>parti <span class=\"_ _1\"></span>correlate <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>maggiore <span class=\"_ _1\"></span>rilevanza <span class=\"_ _16\"></span>sono <span class=\"_ _2\"></span>riservate <span class=\"_ _1\"></span>alla <span class=\"_ _16\"></span>competenza <span class=\"_ _1\"></span>esclusiva <span class=\"_ _7\"></span>del <span class=\"_ _8\"></span>Consigl<span class=\"_ _2\"></span>io di <span class=\"_ _11\"> </span>Amministrazione <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>non <span class=\"_ _11\"> </span>possono <span class=\"_ _11\"> </span>formare <span class=\"_\"> </span>ogg<span class=\"_ _1\"></span>etto <span class=\"_\"> </span><span class=\"ls7\">di</span> <span class=\"_ _11\"> </span>delega. <span class=\"_ _3\"></span>Tali operazioni, cos\u00ec <span class=\"_ _3\"></span>come anche <span class=\"_ _3\"></span>talune <span class=\"_ _3\"></span>di quelle <span class=\"_ _8\"></span>di <span class=\"_ _8\"></span>minore <span class=\"_ _8\"></span>r<span class=\"_ _3\"></span>ilevanza,<span class=\"_ _2\"></span> <span class=\"_ _8\"></span>sono <span class=\"_ _15\"></span>sottoposte <span class=\"_ _7\"></span>al <span class=\"_ _15\"> </span>preventivo <span class=\"_ _8\"></span>parere <span class=\"_ _8\"></span>del <span class=\"_ _8\"></span>Comitato <span class=\"_ _8\"></span>per <span class=\"_ _8\"></span>le <span class=\"_ _15\"> </span>operazioni <span class=\"_ _8\"></span>con <span class=\"_ _8\"></span>parti correlate ivi previ<span class=\"_ _2\"></span>sto. Sono state identif<span class=\"_ _2\"></span>icate come par<span class=\"_ _2\"></span>ti cor<span class=\"_ _2\"></span>re<span class=\"_ _2\"></span>lat<span class=\"_ _2\"></span>e:<span class=\"_ _1\"></span> <span class=\"ff21 fs2 fc0 ls6\">le<span class=\"ls0\"> <span class=\"_ _14\"></span>entit\u00e0 <span class=\"_ _6\"></span>controllanti <span class=\"_ _6\"></span>dirette <span class=\"_ _14\"></span>e <span class=\"_ _6\"></span>indirette <span class=\"_ _14\"></span>di <span class=\"_ _6\"></span>Cairo <span class=\"_ _14\"></span>Communicat<span class=\"_ _2\"></span>ion <span class=\"_ _14\"></span>S.p.A., <span class=\"_ _6\"></span><span class=\"ls6\">le</span> <span class=\"_ _6\"></span>loro <span class=\"_ _14\"></span>controllat<span class=\"_ _2\"></span>e, <span class=\"_ _14\"></span>le <span class=\"_ _7\"></span>collegate <span class=\"_ _7\"></span>e <span class=\"_ _8\"></span>le </span></span>consociate <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>Gruppo, <span class=\"_ _3\"></span>cos\u00ec <span class=\"_ _6\"></span>come <span class=\"_ _3\"></span>riportato <span class=\"_ _6\"></span>nell\u2019elen<span class=\"_ _2\"></span>co <span class=\"_ _6\"></span>allegato <span class=\"_ _3\"></span>alla <span class=\"_ _6\"></span>presen<span class=\"_ _2\"></span>te <span class=\"_ _6\"></span>Relazione <span class=\"_ _3\"></span>Finanziaria <span class=\"_ _3\"></span>Annuale (\u201cElenco <span class=\"_\"> </span>partec<span class=\"ff21\">ipazioni <span class=\"_\"> </span>di <span class=\"_ _10\"> </span>Gruppo <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>31 <span class=\"_ _10\"> </span>dicembre <span class=\"_\"> </span>2022</span>\u201d). <span class=\"_ _10\"> </span>La <span class=\"_ _10\"> </span>controllante <span class=\"_\"> </span>ultima <span class=\"_\"> </span>del<span class=\"_ _3\"></span> <span class=\"_ _10\"> </span>Gruppo <span class=\"_\"> </span>\u00e8 <span class=\"_ _10\"> </span>U.T. Communication<span class=\"_ _2\"></span>s S.p.A.; ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1556-2": {
   "value": "amministratori, sinda<span class=\"_ _2\"></span>ci e dirigenti con responsabilit\u00e0 strategi<span class=\"_ _2\"></span>che e i loro familiari str<span class=\"_ _1\"></span>etti.<span class=\"_ _1\"></span> 44. A<span class=\"_ _1\"></span>mmonta<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>i compe<span class=\"_ _1\"></span>nsi a<span class=\"_ _2\"></span>gli<span class=\"_ _1\"></span> orga<span class=\"_ _2\"></span>ni <span class=\"_ _2\"></span>soc<span class=\"_ _2\"></span>ial<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> Con <span class=\"_ _8\"></span>riferimento <span class=\"_ _8\"></span>a <span class=\"_ _15\"> </span>Cairo <span class=\"_ _8\"></span>Communica<span class=\"_ _2\"></span>tion <span class=\"_ _15\"> </span>ed <span class=\"_ _8\"></span>alle <span class=\"_ _8\"></span>sue <span class=\"_ _8\"></span>soc<span class=\"_ _3\"></span>iet\u00e0 <span class=\"_ _8\"></span>controllate, <span class=\"_ _8\"></span>diverse <span class=\"_ _8\"></span>da <span class=\"_ _8\"></span>quelle <span class=\"_ _8\"></span>appartenenti <span class=\"_ _8\"></span>al Gruppo <span class=\"_ _4\"> </span>RCS, <span class=\"_ _5\"> </span>sono <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>seguito <span class=\"_ _5\"> </span>fornite <span class=\"_ _4\"> </span>le <span class=\"_ _4\"> </span>informazioni <span class=\"_ _4\"> </span>in <span class=\"_ _5\"> </span>forma <span class=\"_ _4\"> </span>aggregata <span class=\"_ _4\"> </span>relative <span class=\"_ _4\"> </span>ai <span class=\"_ _5\"> </span>compens<span class=\"_ _2\"></span>i <span class=\"_ _4\"> </span>agli Amministratori, <span class=\"_ _2\"></span>ai S<span class=\"_ _2\"></span>indaci, ai <span class=\"_ _2\"></span>Direttori <span class=\"_ _2\"></span>Generali e <span class=\"_ _1\"></span>ai Dirigenti con <span class=\"_ _1\"></span>responsabilit\u00e0 strategiche nelle <span class=\"_ _2\"></span>varie for<span class=\"_ _2\"></span>me in cui sono stati <span class=\"_ _2\"></span>loro corris<span class=\"_ _2\"></span>posti: Figur<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>pons<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>bil<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>tr<span class=\"_ _1\"></span>ate<span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>icaCo<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti pe<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span> s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>iCo<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti de<span class=\"_ _6\"></span>l De<span class=\"_ _6\"></span>biti d<span class=\"_ _1\"></span>iv<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>i e<span class=\"_ _14\"></span> al<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span> i<span class=\"_ _1\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> (RAL)pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0co<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiCo<span class=\"_ _1\"></span>nsi<span class=\"_ _16\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Am<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>ni<span class=\"_ _16\"></span>strazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> - e<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>um<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i(0,<span class=\"_ _1\"></span>3)--Co<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gi<span class=\"_ _0\"></span>o Si<span class=\"_ _0\"></span>nd<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>- e<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ol<span class=\"_ _16\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>ti(0,<span class=\"_ _1\"></span>1)-0,<span class=\"_ _1\"></span>1Am<span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>trato<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> del<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>gati(1,<span class=\"_ _1\"></span>0)(0,<span class=\"_ _1\"></span>8)0,<span class=\"_ _1\"></span>5Di<span class=\"_ _16\"></span>ri<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span> re<span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>nsab<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>strategi<span class=\"_ _16\"></span>ca(0,<span class=\"_ _1\"></span>3)(1,<span class=\"_ _1\"></span>9)0,<span class=\"_ _1\"></span>4Totale(1,<span class=\"_ _1\"></span>7)(2,<span class=\"_ _1\"></span>7)1,<span class=\"_ _1\"></span>0Tali <span class=\"_ _7\"></span>informazioni <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>analizzate <span class=\"_ _14\"></span>in <span class=\"_ _8\"> </span>dettaglio <span class=\"_ _7\"></span>nell\u2019ap<span class=\"ff21\">posita <span class=\"_ _7\"></span>Relazione <span class=\"_ _7\"></span>sulla <span class=\"_ _7\"></span>remunerazion<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>redatta <span class=\"_ _7\"></span>ai <span class=\"_ _7\"></span>sensi </span>dell\u2019art. 123-ter de<span class=\"_ _2\"></span>l TUF. Il <span class=\"_ _14\"></span>bilancio <span class=\"_ _14\"></span>consolidato <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>Cairo <span class=\"_ _14\"></span>Communication <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _14\"></span>2022 <span class=\"_ _14\"></span>include <span class=\"_ _14\"></span>inoltre, <span class=\"_ _14\"></span>per <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>7,8 <span class=\"_ _14\"></span>milioni,<span class=\"_ _2\"></span> compensi agli Amministrat<span class=\"_ _2\"></span>ori, ai Sindaci e ai Dirigenti con responsabilit\u00e0 strategi<span class=\"_ _2\"></span>che riconducibili al Gruppo RCS come di segu<span class=\"_ _2\"></span>ito dettagliato<span class=\"_ _2\"></span>: Fi<span class=\"_ _2\"></span>g<span class=\"_ _3\"></span>ur<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>po<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>ab<span class=\"_ _1\"></span>ilit\u00e0<span class=\"_ _1\"></span> s<span class=\"_ _14\"></span>tr<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span>g<span class=\"_ _6\"></span>icaCo<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti pe<span class=\"_ _6\"></span>r s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>iCo<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>ti de<span class=\"_ _6\"></span>l De<span class=\"_ _14\"></span>b<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span> dive<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>i e<span class=\"_ _14\"></span> (v<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)p<span class=\"_ _2\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> (RAL)a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0co<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiCo<span class=\"_ _1\"></span>nsi<span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> A<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>straz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e(4<span class=\"_ _2\"></span>,3<span class=\"_ _1\"></span>)-<span class=\"_ _180\"> </span><span class=\"ff29\">1<span class=\"_ _2\"></span>,5</span>Co<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>egi<span class=\"_ _0\"></span>o S<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> - <span class=\"_ _3\"></span>emo<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>enti(0<span class=\"_ _2\"></span>,2<span class=\"_ _1\"></span>)-<span class=\"_ _180\"> </span><span class=\"ff29\">0<span class=\"_ _2\"></span>,2</span>Di<span class=\"_ _16\"></span>ri<span class=\"_ _16\"></span>gen<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span> re<span class=\"_ _3\"></span>spo<span class=\"_ _1\"></span>nsab<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>strate<span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ca-<span class=\"_ _263\"> </span><span class=\"ff29\">(3<span class=\"_ _2\"></span>,3<span class=\"_ _1\"></span>)<span class=\"_ _180\"> </span>0,5</span>Totale(4<span class=\"_ _2\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _263\"> </span>(3,3<span class=\"_ _1\"></span>)<span class=\"_ _180\"> </span>2,2Per <span class=\"_ _7\"></span>le <span class=\"_ _14\"></span>figure <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _14\"></span>RCS <span class=\"_ _7\"></span>indentifica <span class=\"_ _14\"></span>come <span class=\"_ _7\"></span>figure <span class=\"_ _7\"></span>con <span class=\"_ _14\"></span>responsabilit\u00e0 <span class=\"_ _14\"></span>strategica <span class=\"_ _14\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>rimanda<span class=\"_ _6\"></span> <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>quanto elencato <span class=\"_ _d\"> </span>ne<span class=\"_ _1\"></span>lla <span class=\"_ _d\"> </span>Sezione <span class=\"_ _1d1\"> </span>I <span class=\"_ _d\"> </span>della <span class=\"_ _d\"> </span>R<span class=\"_ _2\"></span>elazione <span class=\"_ _1d1\"> </span>sulla <span class=\"_ _d\"> </span>Remuneraz<span class=\"_ _2\"></span>ione <span class=\"_ _d\"> </span>pu<span class=\"_ _1\"></span>bbl<span class=\"_ _3\"></span>icata <span class=\"_ _d\"> </span>su <span class=\"_ _27f\"> </span>sito <span class=\"_ _27f\"> </span>internet Per <span class=\"_ _3\"></span>ulteriori <span class=\"_ _3\"></span>informazioni circa <span class=\"_ _3\"></span>gli <span class=\"_ _6\"></span>impegni <span class=\"_ _3\"></span>verso l<span class=\"_ _3\"></span>e f<span class=\"_ _3\"></span>igure <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>responsabilit\u00e0 strategica <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>RCS<span class=\"_ _3\"></span> MediaGroup S.p.A. <span class=\"ls34\">si</span> riman<span class=\"_ _2\"></span>da a quanto desc<span class=\"_ _2\"></span>ritto nella Relazion<span class=\"_ _2\"></span>e sulla Remuneraz<span class=\"_ _2\"></span>ione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>RCS <span class=\"_\"> </span>pubblicat<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>sul <span class=\"_ _3\"></span>sito <span class=\"_ _3\"></span>internet ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1602-2": {
   "value": "41. I<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>zioni<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>sui <span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _2\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _1\"></span>i Il <span class=\"_\"> </span>Gruppo <span class=\"_ _11\"> </span>gestisce <span class=\"_\"> </span>la <span class=\"_\"> </span>stru<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>tura <span class=\"_\"> </span>del <span class=\"_ _11\"> </span>c<span class=\"_ _3\"></span>apitale <span class=\"_\"> </span>e <span class=\"_ _11\"> </span>i <span class=\"_\"> </span>rischi <span class=\"_\"> </span>finanzia<span class=\"_ _2\"></span>ri <span class=\"_\"> </span>in <span class=\"_ _11\"> </span>coerenza <span class=\"_\"> </span>con <span class=\"_ _11\"> </span>la <span class=\"_\"> </span>struttura <span class=\"_\"> </span>d<span class=\"_ _2\"></span>ell\u2019attivo patrimoniale, <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>l\u2019obiettivo <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>mantenere <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>tempo <span class=\"_ _6\"></span>un <span class=\"_ _14\"></span>rating <span class=\"_ _6\"></span>creditizio <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>livelli <span class=\"_ _6\"></span>degli<span class=\"_ _3\"></span><span class=\"ff21\"> indicatori di capitale </span>adeguati <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>coerenti, <span class=\"_ _16\"></span>tenendo <span class=\"_ _16\"></span>conto <span class=\"_ _1\"></span><span class=\"ff24\">dell\u2019attuale<span class=\"ff21\"> <span class=\"_ _1\"></span>dinamica <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>offerta di credito in Ita<span class=\"_ _2\"></span>lia e Spagna. </span></span>Il<span class=\"ls0\"> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>monitora <span class=\"_ _1\"></span>costantemente <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>rischi <span class=\"_ _1\"></span>finanziari <span class=\"_ _1\"></span>connessi <span class=\"_ _16\"></span>alle <span class=\"_ _1\"></span>proprie <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quelle <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>elative <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>proprie </span>societ\u00e0 controllat<span class=\"_ _2\"></span>e. Ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di ta<span class=\"_ _1\"></span>sso<span class=\"_ _1\"></span> Il <span class=\"_ _8\"> </span>risc<span class=\"_ _3\"></span>hio <span class=\"_ _8\"> </span>di <span class=\"_ _15\"> </span>tasso <span class=\"_ _8\"> </span>d\u2019interesse <span class=\"_ _15\"> </span>consiste <span class=\"_ _8\"> </span>in <span class=\"_ _15\"> </span>possibili <span class=\"_ _8\"> </span>ed <span class=\"_ _15\"> </span>eventuali <span class=\"_ _8\"> </span>maggiori<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>oneri <span class=\"_ _8\"></span>finanziari <span class=\"_ _15\"> </span>derivanti <span class=\"_ _6\"></span>da <span class=\"_ _14\"></span>una sfavorevole <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>inattesa <span class=\"_ _1\"></span>variazione <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>tassi d<span class=\"_ _2\"></span>\u2019interesse. <span class=\"_ _16\"></span>Al<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"ls17\">il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>Gruppo \u00e8 <span class=\"_ _3\"></span>esposto a <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span>rischio per le proprie pass<span class=\"_ _2\"></span>ivit\u00e0 finanzia<span class=\"_ _2\"></span>rie a tasso vari<span class=\"_ _2\"></span>abile. Con <span class=\"_ _2\"></span>riferimento <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> Gruppo <span class=\"_ _1\"></span><span class=\"ls31\">RCS<span class=\"ls0\"> che<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> 31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2022 p<span class=\"_ _2\"></span>resenta <span class=\"_ _2\"></span>una <span class=\"_ _1\"></span>posizione <span class=\"_ _1\"></span>finanziaria netta negativa per </span></span></span></span></span></span>Euro 31,6 milion<span class=\"_ _2\"></span>i: <span class=\"ff24 fs2 fc0\">la <span class=\"_ _6\"></span>gestione del <span class=\"_ _3\"></span>rischio <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>tasso <span class=\"_ _6\"></span>d\u2019interess<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>regolata <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>specifiche <span class=\"_ _3\"></span>policy <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>definiscono <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>obiettivi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>risk </span>management, i <span class=\"_ _3\"></span>limiti, <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>ruoli e <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>responsabilit\u00e0 delle <span class=\"_ _3\"></span>diverse <span class=\"_ _6\"></span><span class=\"ff24\">funzioni coinvolte <span class=\"_ _3\"></span>all\u2019interno del <span class=\"_ _3\"></span>processo. Non </span>\u00e8 ammesso l\u2019ut<span class=\"_ _2\"></span>ilizzo di stru<span class=\"_ _2\"></span>menti derivati <span class=\"_ _2\"></span>con finalit\u00e0 s<span class=\"_ _2\"></span>peculative;<span class=\"ff21\"> </span><span class=\"ff21 fs2 fc0 ls4\">al<span class=\"ls0\"> <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _6\"></span><span class=\"ls6\">la</span> <span class=\"_ _3\"></span>quota <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>dei <span class=\"_ _3\"></span>debiti <span class=\"_ _6\"></span>contrattual<span class=\"_ _2\"></span>mente <span class=\"_ _6\"></span>coperti <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>fisso <span class=\"_ _6\"></span>ante <span class=\"_ _3\"></span>IFRS <span class=\"_ _8\"></span>o <span class=\"_ _8\"></span>trasformata </span></span>tramite <span class=\"_ _6\"></span><span class=\"ff26\">interest <span class=\"_ _3\"></span>rate <span class=\"_ _14\"></span>swap <span class=\"_ _6\"></span></span>(IRS), <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>circa <span class=\"_ _3\"></span>il <span class=\"_ _14\"></span>35% <span class=\"_ _6\"></span>(al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2021 <span class=\"_ _2\"></span>era di <span class=\"_ _6\"></span>poco <span class=\"_ _3\"></span>superiore <span class=\"_ _6\"></span><span class=\"ls4\">al</span> 100<span class=\"ls5\">%).<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span>L\u2019obiettivo<span class=\"ff21\"> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>copertura <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _1\"></span>stato pe<span class=\"_ _2\"></span>rseguito <span class=\"_ _1\"></span>mediante <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>contrat<span class=\"_ _2\"></span>ti de<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ivati <span class=\"_ _3\"></span>sopra <span class=\"_ _3\"></span>individuati stipulati <span class=\"_ _3\"></span>con <span class=\"_ _6\"></span>primarie </span>istituzioni finanziarie ad <span class=\"_ _3\"></span>elevato rating. <span class=\"_ _3\"></span>In merito <span class=\"_ _3\"></span>si ram<span class=\"_ _3\"></span>menta che, nel caso degli IRS <span class=\"ls34\">si</span> ha<span class=\"_ _3\"></span> <span class=\"ls6\">la</span> trasformazione del <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span>variabile <span class=\"_ _16\"></span><span class=\"ls17\">in<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span>fisso <span class=\"_ _1\"></span>(o <span class=\"_ _2\"></span>viceve<span class=\"_ _2\"></span>rsa) <span class=\"_ _1\"></span>tramite <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>scambio <span class=\"_ _2\"></span>periodico,<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>la <span class=\"_ _1\"></span>controparte <span class=\"_ _1\"></span>finanziaria, <span class=\"_ _1\"></span>della </span></span>differenza <span class=\"_ _14\"></span>fra <span class=\"_ _14\"></span>gli <span class=\"_ _14\"></span>interessi <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>t<span class=\"_ _3\"></span>asso <span class=\"_ _14\"></span>fisso <span class=\"_ _14\"></span>(tasso <span class=\"_ _14\"></span>Swap) <span class=\"_ _14\"></span>e <span class=\"_ _7\"></span>gli <span class=\"_ _14\"></span>interessi <span class=\"_ _14\"></span>a <span class=\"_ _14\"></span>tasso <span class=\"_ _8\"></span>variabile, <span class=\"_ _14\"></span>entrambi <span class=\"_ _14\"></span>calcolati <span class=\"_ _14\"></span>sul valore <span class=\"_ _7\"></span>nozionale <span class=\"_ _7\"></span>contrattuale. <span class=\"_ _7\"></span><span class=\"ls28\">Si</span> <span class=\"_ _8\"></span>segnala <span class=\"_ _7\"></span>che <span class=\"_ _8\"></span>nel <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span>per <span class=\"_ _8\"></span><span class=\"ls31\">RCS</span> <span class=\"_ _7\"></span>non <span class=\"_ _8\"></span>sono <span class=\"_ _7\"></span>st<span class=\"_ _3\"></span>ati <span class=\"_ _8\"></span>stipulati <span class=\"_ _7\"></span>nuovi <span class=\"_ _11\"> </span>contratti <span class=\"_ _12\"> </span>di copertura tassi. Con riferimento a <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Communicat<span class=\"_ _2\"></span>ion e <span class=\"_ _3\"></span>alle societ\u00e0 da <span class=\"_ _3\"></span>questa <span class=\"_ _3\"></span>controllate diverse da quelle <span class=\"_ _7\"></span>appartenenti <span class=\"_ _14\"></span><span class=\"ls3\">al</span> Gruppo RCS, <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>presentano una <span class=\"_ _3\"></span>posizione finanziaria <span class=\"_ _3\"></span>netta <span class=\"_ _3\"></span>positiva per <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>16,4 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>quota <span class=\"_ _3\"></span>parte dei debiti con<span class=\"_ _2\"></span>trattualmente coperta <span class=\"_ _2\"></span>con Interest Ra<span class=\"_ _2\"></span>te Cap \u00e8 pari al <span class=\"_ _2\"></span>100%. Nel <span class=\"_\"> </span>caso <span class=\"_\"> </span>degli <span class=\"_\"> </span>Interest <span class=\"_\"> </span>Rate <span class=\"_\"> </span>Cap, <span class=\"_\"> </span>nel <span class=\"_\"> </span>solo <span class=\"_\"> </span>caso <span class=\"_\"> </span>di <span class=\"_\"> </span>rialzo <span class=\"_\"> </span>dei <span class=\"_\"> </span>tassi <span class=\"_\"> </span>di <span class=\"_\"> </span>interesse <span class=\"_\"> </span>sopra <span class=\"_\"> </span>il <span class=\"_\"> </span>tasso <span class=\"_ _10\"> </span>def<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>tratt<span class=\"_ _2\"></span>ual<span class=\"_ _1\"></span>mente<span class=\"_ _2\"></span>, <span class=\"ls17\">la</span> <span class=\"_ _6\"></span>con<span class=\"_ _1\"></span>trop<span class=\"_ _2\"></span>art<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>fina<span class=\"_ _1\"></span>nzia<span class=\"_ _2\"></span>ria<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>liqu<span class=\"_ _1\"></span>ida, a <span class=\"_ _6\"></span>fa<span class=\"_ _1\"></span>vore <span class=\"_ _3\"></span>del<span class=\"_ _2\"></span>le<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>soci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gru<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>po <span class=\"_ _3\"></span>che <span class=\"_ _6\"></span>hanno <span class=\"_ _6\"></span>sottoscritto <span class=\"_ _6\"></span>il derivato, la d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>fferenza <span class=\"_ _2\"></span>tra il <span class=\"_ _2\"></span>tasso con<span class=\"_ _2\"></span>trattuale e <span class=\"_ _2\"></span>il tasso variabile <span class=\"_ _4\"> </span><span class=\"ff24\">di merca<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o, in <span class=\"_ _2\"></span>modo tale <span class=\"_ _2\"></span>da ripor<span class=\"_ _2\"></span>tare l\u2019onere<span class=\"_ _2\"></span> </span>finanziario di co<span class=\"_ _2\"></span>mpetenza delle so<span class=\"_ _2\"></span>ciet\u00e0 del Gruppo <span class=\"_ _2\"></span>al livello del t<span class=\"_ _2\"></span>asso contrattua<span class=\"_ _2\"></span>le. Se<span class=\"_ _2\"></span>nsi<span class=\"_ _1\"></span>tivity<span class=\"_ _1\"></span> anal<span class=\"_ _2\"></span>ys<span class=\"_ _2\"></span>is Nella <span class=\"_ _6\"></span>tabella <span class=\"_ _14\"></span>seguente <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>esposti <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>risultati <span class=\"_ _14\"></span>dell<span class=\"ls4\">a <span class=\"_ _14\"></span></span><span class=\"ff26\">sensitivity <span class=\"_ _6\"></span>analysis <span class=\"_ _14\"></span><span class=\"ff24\">sul <span class=\"_ _6\"></span>rischio <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>tasso <span class=\"_ _6\"></span>con <span class=\"_ _14\"></span>l\u2019indicazione<span class=\"_ _1\"></span> </span></span>degli <span class=\"_ _15\"> </span>impatti <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>conto <span class=\"_ _15\"> </span>economico <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>patrimonio <span class=\"_ _8\"> </span>netto, <span class=\"_ _15\"> </span>cos\u00ec <span class=\"_ _15\"> </span>come <span class=\"_ _15\"> </span>richiesto <span class=\"_ _15\"> </span>dall\u2019IFRS<span class=\"ff21\"> <span class=\"_ _14\"></span>7. <span class=\"_ _7\"></span>Tale <span class=\"_ _14\"></span>analisi <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _14\"></span>stata </span>condotta <span class=\"_ _16\"></span>assumendo <span class=\"_ _1\"></span>una <span class=\"_ _16\"></span>variazione <span class=\"_ _16\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>+/-<span class=\"ls7\">1%<span class=\"_ _3\"></span></span> <span class=\"_ _16\"></span>nelle <span class=\"_ _1\"></span>curve <span class=\"_ _16\"></span>dei<span class=\"_ _3\"></span> tassi di ri<span class=\"_ _2\"></span>ferimento pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> singola divisa. Ana<span class=\"_ _1\"></span>lis<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>ns<span class=\"_ _3\"></span>ibil<span class=\"_ _1\"></span>it\u00e0 s<span class=\"_ _6\"></span>ul<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>is<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>hio di ta<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span> s<span class=\"_ _14\"></span>u<span class=\"_ _2\"></span> Sotto<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>tan<span class=\"_ _1\"></span>teIncr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto Im<span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>tti aIm<span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>tti a<span class=\"_ _1\"></span> pos<span class=\"_ _6\"></span>te<span class=\"_ _14\"></span> a ta<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>o<span class=\"_ _3\"></span> v<span class=\"_ _3\"></span>ar<span class=\"_ _16\"></span>iab<span class=\"_ _1\"></span>ilem<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>o(r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ione<span class=\"_ _6\"></span> de<span class=\"_ _6\"></span>lco<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>nomi<span class=\"_ _2\"></span>copa<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>o<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>iota<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>)ne<span class=\"_ _6\"></span>tto2022<span class=\"_ _19e\"> </span><span class=\"ls0\">(13<span class=\"_ _1\"></span>,9)<span class=\"_ _214\"> </span><span class=\"ls79\">1%<span class=\"_ _17a\"> </span></span>-<span class=\"_ _18c\"> </span>0,3</span>2021<span class=\"_ _262\"> </span><span class=\"ls0\">24<span class=\"_ _1\"></span>,2<span class=\"_ _a7\"> </span><span class=\"ls79\">1%<span class=\"_ _24\"> </span></span>(0<span class=\"_ _1\"></span>,4)<span class=\"_ _189\"> </span>1<span class=\"_ _1\"></span>,1</span>2022<span class=\"_ _19e\"> </span><span class=\"ls0\">(13<span class=\"_ _1\"></span>,9)<span class=\"_ _db\"> </span>-1%<span class=\"_ _e1\"> </span>(0<span class=\"_ _2\"></span>,2<span class=\"_ _1\"></span>)<span class=\"_ _10a\"> </span>(0<span class=\"_ _1\"></span>,3)</span>2021<span class=\"_ _262\"> </span><span class=\"ls0\">24<span class=\"_ _1\"></span>,2<span class=\"_ _214\"> </span>-1%<span class=\"_ _176\"> </span>0<span class=\"_ _2\"></span>,2<span class=\"_ _1fe\"> </span>(0,<span class=\"_ _1\"></span>8)</span>Al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _3\"></span><span class=\"ff24\">il <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>detiene strumenti <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>debitori a <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>asso variabile. <span class=\"_ _3\"></span>Si <span class=\"_ _3\"></span>segnala <span class=\"_ _3\"></span>l\u2019utilizzo di </span>derivati <span class=\"_ _16\"></span>su t<span class=\"_ _2\"></span>assi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>interesse <span class=\"_ _16\"></span>che <span class=\"_ _2\"></span>consentono<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>trasformazione <span class=\"_ _16\"></span>delle <span class=\"_ _1\"></span>posizioni <span class=\"_ _1\"></span>debitorie <span class=\"_ _16\"></span>a <span class=\"_ _1\"></span>tas<span class=\"_ _3\"></span>so <span class=\"_ _1\"></span>variabile <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>tasso fisso. <span class=\"_ _6\"></span>Gli <span class=\"_ _3\"></span>strumenti <span class=\"_ _6\"></span>finanziari <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>variabile <span class=\"_ _6\"></span>compr<span class=\"_ _2\"></span>esi <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span><span class=\"ff26\">sensitivi<span class=\"_ _2\"></span>ty <span class=\"_ _6\"></span>analysis <span class=\"_ _3\"></span><span class=\"ff21\">riguardano <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>disponib<span class=\"_ _2\"></span>ilit\u00e0 </span></span>liquide, <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _1\"></span>e i <span class=\"_ _1\"></span>debiti fi<span class=\"_ _2\"></span>nanziari <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>breve, <span class=\"_ _16\"></span>medio <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>lungo <span class=\"_ _1\"></span>termine <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>derivati <span class=\"_ _16\"></span><span class=\"ls34\">su<span class=\"ls0\"> <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span><span class=\"ls6\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>portafoglio. <span class=\"_ _1\"></span><span class=\"ff24\">L\u2019analisi<span class=\"ff21\"> </span></span></span></span></span></span>\u00e8 st<span class=\"_ _2\"></span>ata condotta co<span class=\"_ _2\"></span>nsiderando: la <span class=\"_ _11\"> </span>variazione <span class=\"_ _12\"> </span>negli <span class=\"_ _12\"> </span>interessi <span class=\"_ _12\"> </span>attivi <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>passivi <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>corso <span class=\"_ _11\"> </span>dell\u2019eserciz<span class=\"_ _2\"></span>io <span class=\"_ _12\"> </span>attribuibile <span class=\"_ _12\"> </span>a <span class=\"_ _11\"> </span>possibili <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>r<span class=\"_ _3\"></span>agionevoli variazioni nei tass<span class=\"_ _2\"></span>i di interesse d<span class=\"_ _2\"></span>i attivit\u00e0 e pa<span class=\"_ _2\"></span>ssivit\u00e0 a tasso v<span class=\"_ _2\"></span>ariabile detenu<span class=\"_ _2\"></span>te nel corso de<span class=\"_ _2\"></span>ll\u2019esercizio;<span class=\"ff21\"> </span><span class=\"ff24 fc0\">l\u2019impatto contrario <span class=\"_ _2\"></span>in termini di varia<span class=\"_ _2\"></span>zione di <span class=\"ff26\">fair value <span class=\"ff21\">dei der<span class=\"_ _2\"></span>ivati su tasso ril<span class=\"_ _2\"></span>evato a patrimon<span class=\"_ _2\"></span>io netto per la<span class=\"_ _1\"></span> </span></span></span>componente <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>copertura <span class=\"_ _15\"> </span>oltre <span class=\"_ _15\"> </span>l\u2019esercizio <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>competenza <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>a <span class=\"_ _12\"> </span>conto <span class=\"_ _15\"> </span>economico<span class=\"ff21\"> <span class=\"_ _4\"> </span></span>nell\u2019ipotes<span class=\"_ _2\"></span>i<span class=\"ff21\"> <span class=\"_ _f\"> </span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _f\"> </span>variazione </span>istantanea <span class=\"_ _14\"></span>della <span class=\"_ _6\"></span>curva <span class=\"_ _14\"></span>dei <span class=\"_ _14\"></span>tassi <span class=\"_ _14\"></span><span class=\"ls7\">di</span> <span class=\"_ _14\"></span>interesse <span class=\"_ _14\"></span>alla <span class=\"_ _14\"></span>data d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> bilancio. Al <span class=\"_ _2\"></span>31 dicemb<span class=\"_ _2\"></span>re 2022 i contratti di <span class=\"_ _2\"></span>copertura Interest <span class=\"_ _3\"></span>Rate Swap <span class=\"_ _3\"></span><span class=\"ff21\">hanno <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>nozionale pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro <span class=\"_ _6\"></span>20 milioni <span class=\"_ _3\"></span>(Euro 60 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>2021) <span class=\"_ _6\"></span>mentre<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span><span class=\"ff26\">Interest </span></span>Rate Cap <span class=\"ff21\">hanno un noz<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>onale di Euro<span class=\"_ _2\"></span> 20 milioni <span class=\"_ _2\"></span>(Euro 20 milion<span class=\"_ _2\"></span>i nel 2021<span class=\"ls5\">).</span> </span>Il<span class=\"ls0\"> risultato <span class=\"ls7\">di</span> t<span class=\"_ _3\"></span>ale analisi e<span class=\"_ _2\"></span>vid<span class=\"_ _2\"></span>enz<span class=\"_ _1\"></span>ia: </span>l\u2019incremento <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>livello <span class=\"_ _3\"></span>dei <span class=\"_ _6\"></span>tassi <span class=\"_ _3\"></span>di <span class=\"_ _6\"></span>interesse di <span class=\"_ _6\"></span>un <span class=\"_ _3\"></span>punto <span class=\"_ _3\"></span>percentuale <span class=\"_ _3\"></span>(+1%) <span class=\"_ _3\"></span>avrebbe <span class=\"_ _6\"></span>un <span class=\"_ _3\"></span>impatto<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>negativo sul conto economico di per<span class=\"_ _2\"></span>iodo per effetto <span class=\"ls7\">di</span> maggiori oneri finanziari per Euro <span class=\"_ _2\"></span>0,1 <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _1\"></span>(Euro 0,4 <span class=\"_ _1\"></span>milioni pe<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span> l\u2019esercizio<span class=\"ff21\"> <span class=\"_ _0\"></span>2021) <span class=\"_ _16\"></span>e <span class=\"_ _16\"></span>un <span class=\"_ _16\"></span>impatto <span class=\"_ _16\"></span>positivo <span class=\"_ _0\"></span>sul <span class=\"_ _16\"></span>patrimonio <span class=\"_ _1\"></span>netto <span class=\"_ _1\"></span>di Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>0,3 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>(Euro <span class=\"_ _1\"></span>1,1 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019esercizio<span class=\"ff21\"> </span></span></span>2021) per eff<span class=\"_ _2\"></span>etto della va<span class=\"_ _2\"></span>riazione del <span class=\"ff26\">fair valu<span class=\"_ _2\"></span>e <span class=\"ff21\">dei derivati su <span class=\"_ _2\"></span>tasso rilevata a pa<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>rimonio netto<span class=\"_ _2\"></span>; </span></span><span class=\"ff21 fc0 ls6\">il<span class=\"ls0\"> <span class=\"_ _7\"></span>decremento <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>livello <span class=\"_ _14\"></span>dei <span class=\"_ _7\"></span>tassi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>interesse <span class=\"_ _14\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span><span class=\"ls7\">un</span> <span class=\"_ _7\"></span>punto <span class=\"_ _7\"></span>percentuale <span class=\"_ _14\"></span>(1%), <span class=\"_ _7\"></span>tenendo <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>previsioni </span></span>contrattuali <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _14\"></span>relazione <span class=\"_ _6\"></span>all\u2019applicabilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _14\"></span>tassi <span class=\"_ _14\"></span>negativi, <span class=\"_ _6\"></span>avrebbe <span class=\"_ _14\"></span>un <span class=\"_ _14\"></span>potenziale<span class=\"_ _3\"></span><span class=\"ff21\"> impatto <span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>g<span class=\"_ _1\"></span>a<span class=\"_ _16\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span><span class=\"ls55\">vo <span class=\"_ _14\"></span><span class=\"ls0\">di <span class=\"_ _3\"></span>E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> 0,2<span class=\"_ _3\"></span> </span></span></span>milioni <span class=\"_ _7\"></span>sul <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _14\"></span>di <span class=\"_ _7\"></span>peri<span class=\"_ _3\"></span>odo <span class=\"_ _14\"></span>(positivo <span class=\"_ _11\"> </span>per <span class=\"_ _12\"> </span>Euro <span class=\"_ _12\"> </span>0,2 <span class=\"_ _12\"> </span>milioni <span class=\"_ _12\"> </span>nel<span class=\"ff24\">l\u2019esercizio <span class=\"_ _15\"> </span>202<span class=\"_ _3\"></span></span>1) <span class=\"_ _15\"> </span>e <span class=\"_ _11\"> </span>un <span class=\"_ _12\"> </span>impatto negativo <span class=\"_ _7\"></span>sul <span class=\"_ _7\"></span>patrimonio <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>0,<span class=\"_ _3\"></span>3 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>(Euro <span class=\"_ _8\"></span>0,8 <span class=\"_ _7\"></span><span class=\"ff24\">milioni <span class=\"_ _7\"> </span>per <span class=\"_ _7\"> </span>l\u2019esercizio <span class=\"_ _7\"></span>202</span>1) <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span>effetto <span class=\"_ _7\"></span>della variazione di fair va<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>ue dei derivati su t<span class=\"_ _2\"></span>asso rilevata a p<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>rimonio netto. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1608-2": {
   "value": "Ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di li<span class=\"_ _2\"></span>quid<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>\u00e0 Il rischio di liquidit\u00e0 pu\u00f2 so<span class=\"_ _2\"></span>rgere in relazione alle d<span class=\"_ _2\"></span>ifficolt\u00e0 ad ottene<span class=\"_ _2\"></span>re finanziamenti a supporto delle attivit<span class=\"_ _2\"></span>\u00e0 operative nella co<span class=\"_ _2\"></span>rretta tem<span class=\"_ _2\"></span>pistica, anche <span class=\"_ _2\"></span>al fine di, se <span class=\"_ _2\"></span>del caso, rimborsa<span class=\"_ _2\"></span>re finanziamen<span class=\"_ _2\"></span>ti in scadenz<span class=\"_ _2\"></span>a.<span class=\"_ _3\"></span> Come <span class=\"_ _7\"></span>descritto <span class=\"_ _14\"></span>nella <span class=\"_ _7\"></span>Nota <span class=\"_ _14\"></span>29 <span class=\"_ _7\"> </span>\u201cdebiti <span class=\"_ _7\"> </span>e <span class=\"_ _7\"> </span>passivit\u00e0 <span class=\"_ _7\"></span>finanziarie <span class=\"_ _14\"></span>non <span class=\"_ _7\"> </span>correnti\u201d, <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span>31 <span class=\"_ _14\"></span>dicembre <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>Gruppo dispone, <span class=\"_ _3\"></span>oltre a <span class=\"_ _6\"></span>disponibilit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _3\"></span>liquide, <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>linee <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>credito <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>termine <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>utilizzate che <span class=\"_ _3\"></span>consentono flessibilit\u00e0 nella g<span class=\"_ _2\"></span>estione dei fabbi<span class=\"_ _2\"></span>sogni consegu<span class=\"_ _2\"></span>enti delle attivi<span class=\"_ _2\"></span>t\u00e0 operative. Liq<span class=\"_ _2\"></span>uidi<span class=\"_ _2\"></span>ty<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>ysi<span class=\"_ _1\"></span>s La <span class=\"_ _6\"></span>seguente <span class=\"_ _3\"></span>tabella <span class=\"_ _6\"></span>riassu<span class=\"_ _2\"></span>me <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>profilo <span class=\"_ _3\"></span>patrimoniale <span class=\"_ _3\"></span>delle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>passivi<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>co<span class=\"_ _6\"></span>rrenti <span class=\"_ _3\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>Cairo Communication <span class=\"_ _2\"></span>al 31 dicembre 2022<span class=\"_ _2\"></span>: De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _9d\"> </span><span class=\"ff2a\">31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _2\"></span>22<span class=\"_ _14f\"> </span>3<span class=\"_ _2\"></span>1/<span class=\"_ _1\"></span>12/<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>21<span class=\"_ _24c\"> </span><span class=\"ff23\">V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _1\"></span>ione</span></span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ed al<span class=\"_ _1\"></span>tre <span class=\"_ _3\"></span>atti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _5b\"> </span><span class=\"ff29\">35<span class=\"_ _2\"></span>3,<span class=\"_ _1\"></span>1<span class=\"_ _180\"> </span>35<span class=\"_ _1\"></span>3,0<span class=\"_ _254\"> </span>0,<span class=\"_ _2\"></span>1</span>Ri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>anenz<span class=\"_ _16\"></span>e<span class=\"_ _c0\"> </span><span class=\"ff29\">35<span class=\"_ _1\"></span>,5<span class=\"_ _1ad\"> </span>19,<span class=\"_ _2\"></span>6<span class=\"_ _218\"> </span>15,<span class=\"_ _1\"></span>9</span>Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>com<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ed al<span class=\"_ _1\"></span>tre <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrenti<span class=\"_ _11a\"> </span><span class=\"ff29\">(4<span class=\"_ _2\"></span>46<span class=\"_ _1\"></span>,0)<span class=\"_ _b1\"> </span>(43<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>6)<span class=\"_ _1bf\"> </span>(9,4<span class=\"_ _1\"></span>)</span>Cap<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> c<span class=\"_ _3\"></span>ir<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>la<span class=\"_ _2\"></span>nte<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tto<span class=\"_ _255\"> </span><span class=\"ff2a\">(57<span class=\"_ _1\"></span>,4)<span class=\"_ _24\"> </span>(64<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _160\"> </span>6,<span class=\"_ _1\"></span>6</span>Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>po<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _173\"> </span><span class=\"ff29\">54<span class=\"_ _1\"></span>,3<span class=\"_ _180\"> </span>1<span class=\"_ _1\"></span>13,<span class=\"_ _2\"></span>0<span class=\"_ _256\"> </span>(58<span class=\"_ _1\"></span>,7)</span>Atti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span>i<span class=\"_ _cd\"> </span><span class=\"ff29\">1,9<span class=\"_ _26\"> </span>0,3<span class=\"_ _56\"> </span>1,6</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrenti<span class=\"_ _c9\"> </span><span class=\"ff29\">(3<span class=\"_ _1\"></span>1,8<span class=\"_ _2\"></span>)<span class=\"_ _ab\"> </span>(3<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>8)<span class=\"_ _254\"> </span>5,0</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ocaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _243\"> </span><span class=\"ff29\">(28,<span class=\"_ _2\"></span>8)<span class=\"_ _24\"> </span>(29<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _160\"> </span>1,1</span>Pos<span class=\"_ _6\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tta<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nte<span class=\"_ _257\"> </span><span class=\"ff2a\">(4,<span class=\"_ _2\"></span>4)<span class=\"_ _1ad\"> </span>46<span class=\"_ _2\"></span>,6<span class=\"_ _167\"> </span>(51,<span class=\"_ _2\"></span>0)</span>Dif<span class=\"_ _16\"></span>f<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nz<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span> tra<span class=\"_ _1\"></span> attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>nti e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>re<span class=\"_ _6\"></span>nti<span class=\"_ _175\"> </span><span class=\"ff2a\">(6<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>8)<span class=\"_ _24\"> </span>(17<span class=\"_ _1\"></span>,4)<span class=\"_ _256\"> </span>(44,<span class=\"_ _1\"></span>4)</span>Al <span class=\"_ _3\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _3\"></span>2022, <span class=\"_ _6\"></span>il <span class=\"_ _3\"></span>differenziale <span class=\"_ _3\"></span>tra <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _3\"></span>correnti <span class=\"_ _3\"></span>presenta <span class=\"_ _3\"></span>un <span class=\"_ _6\"></span>saldo <span class=\"_ _3\"></span>negativo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _14\"></span>61,8 milioni (negativo p<span class=\"_ _2\"></span>er Euro 17,4 milion<span class=\"_ _2\"></span>i al 31 dicemb<span class=\"_ _2\"></span>re 2021<span class=\"ls5\">).</span> La<span class=\"ls0\"> <span class=\"_ _6\"></span>variazione <span class=\"_ _3\"></span>risulta <span class=\"_ _6\"></span>prin<span class=\"_ _1\"></span>cipa<span class=\"_ _2\"></span>lmen<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>attribuib<span class=\"_ _2\"></span>ile <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>decremento <span class=\"_ _6\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Euro<span class=\"_ _2\"></span> <span class=\"_ _6\"></span><span class=\"ls7\">51</span> <span class=\"_ _6\"></span>mi<span class=\"_ _2\"></span>lio<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>posizione <span class=\"_ _3\"></span>finanziaria </span>netta corrente <span class=\"ff24\">(rico<span class=\"_ _2\"></span>nducibile principal<span class=\"_ _2\"></span>mente all\u2019acquis<span class=\"_ _2\"></span>to dell\u2019immobile di via<span class=\"_ _2\"></span> Solferino e alla distribuzion<span class=\"_ _2\"></span>e di </span>dividendi come me<span class=\"_ _2\"></span>glio specif<span class=\"_ _2\"></span>icato nella No<span class=\"_ _2\"></span>ta n.27). A riguardo, <span class=\"ls34\">si</span> ricorda ch<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> <span class=\"ff21 fs2 fc0\">la <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span><span class=\"ff26\">revolving, <span class=\"_ _3\"></span></span>prevista nel <span class=\"_ _3\"></span>contratto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>finanziamento <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>pool <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>RCS, <span class=\"_ _3\"></span><span class=\"ff24\">dell\u2019importo originale di <span class=\"_ _6\"></span>Euro <span class=\"_ _3\"></span></span>125 </span>milioni <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>ridotta <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _3\"></span>60 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>e <span class=\"_ _14\"></span>non <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>utilizzata. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span><span class=\"ff26\">revolving <span class=\"_ _6\"></span></span>prevista <span class=\"_ _6\"></span>nel contratto <span class=\"ls7\">di</span> <span class=\"_ _3\"></span>finanziamento di Cairo <span class=\"_ _3\"></span>Communicat<span class=\"_ _2\"></span>ion \u00e8 ut<span class=\"_ _3\"></span>ilizzata per soli Euro <span class=\"_ _3\"></span>5 milioni, dei <span class=\"_ _3\"></span>complessivi Euro 10 milioni.  <span class=\"ff21 fs2 fc0\">nel m<span class=\"_ _2\"></span>ese <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>ottobre <span class=\"_ _1\"></span>2022 RCS <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>st<span class=\"_ _3\"></span>ipulato <span class=\"_ _1\"></span>un nuovo <span class=\"_ _1\"></span>contratto <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>finanziamento <span class=\"_ _1\"></span><span class=\"ff26\">amortizing<span class=\"ff21\"> <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>un impo<span class=\"_ _2\"></span>rto <span class=\"_ _2\"></span>pari<span class=\"_ _2\"></span> </span></span></span>a <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>30 <span class=\"_ _7\"></span>milioni <span class=\"_ _14\"></span>con <span class=\"_ _7\"></span>scadenza <span class=\"_ _7\"></span>31 <span class=\"_ _7\"></span>dicembre <span class=\"_ _14\"></span>2027 <span class=\"_ _7\"></span>ed <span class=\"_ _7\"></span>una <span class=\"_ _7\"></span>linea <span class=\"_ _7\"></span>credito <span class=\"_ _7\"></span>revolving <span class=\"_ _14\"></span>dell\u2019importo <span class=\"_ _7\"></span>di <span class=\"_ _7\"> </span>Euro <span class=\"_ _7\"></span>20 milioni  (non ut<span class=\"_ _2\"></span>ilizzato al 31 dicemb<span class=\"_ _2\"></span>re 2022) con scadenza 1<span class=\"_ _2\"></span>2 ottobre 2026.<span class=\"_ _2\"></span> le <span class=\"_ _15\"></span>societ\u00e0 <span class=\"_ _15\"></span>editoriali <span class=\"_ _8\"></span>presentano <span class=\"_ _15\"></span>strutturalm<span class=\"_ _2\"></span>ente <span class=\"_ _15\"> </span>un <span class=\"_ _15\"></span>capitale <span class=\"_ _8\"></span>circolante <span class=\"_ _15\"> </span>netto <span class=\"_ _15\"></span>(attivit\u00e0 <span class=\"_ _8\"></span>correnti <span class=\"_ _12\"> </span>al <span class=\"_ _15\"> </span>netto <span class=\"_ _12\"> </span>delle passivit\u00e0 <span class=\"_ _7\"></span>correnti, <span class=\"_ _8\"></span>escluse <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>passivit\u00e0 <span class=\"_ _7\"></span>finanziarie) <span class=\"_ _8\"></span>negativo <span class=\"_ _7\"></span>in <span class=\"_ _8\"></span>quanto <span class=\"_ _8\"></span>parte <span class=\"_ _8\"></span>dei <span class=\"_ _8\"></span>crediti <span class=\"_ _7\"></span>commerciali (quelli riveniente dai <span class=\"_ _3\"></span>ricavi diffusionali del <span class=\"_ _3\"></span>settore editoriale) <span class=\"_ _3\"></span>si trasforma in <span class=\"_ _3\"></span>cassa in <span class=\"_ _3\"></span>tempi <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _3\"></span>brevi rispetto ai tempi medi d<span class=\"_ _2\"></span>i pagamento<span class=\"_ _2\"></span> dei fornitori; <span class=\"ff24 fs2 fc0\">il Gruppo prevede di mantenere un\u2019ade<span class=\"_ _2\"></span>guata capacit\u00e0 di gene<span class=\"_ _2\"></span>rare risorse finanziari<span class=\"_ _2\"></span>e con la gestione operativa<span class=\"_ _2\"></span> </span>anche nell\u2019attua<span class=\"_ _2\"></span>le contesto <span class=\"_ _2\"></span>di mercato. La<span class=\"ls0\"> <span class=\"_ _3\"></span>seguente <span class=\"_ _3\"></span>tabella <span class=\"_ _3\"></span>riassume <span class=\"ls6\">il</span> <span class=\"_ _6\"></span>profilo temporale <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>del <span class=\"_ _8\"></span>Gruppo <span class=\"_ _14\"></span>Cairo </span>Communication <span class=\"_ _12\"> </span><span class=\"ls4\">al</span> <span class=\"_ _11\"> </span><span class=\"ls7\">31</span> <span class=\"_ _11\"> </span>dicembre <span class=\"_ _11\"> </span>2022 <span class=\"_ _12\"> </span>sulla <span class=\"_ _11\"> </span>base <span class=\"_ _11\"> </span>degli <span class=\"_ _12\"> </span>incassi <span class=\"_ _11\"> </span>e <span class=\"_ _11\"> </span>dei <span class=\"_ _11\"> </span>pagament<span class=\"_ _2\"></span>i <span class=\"_\"> </span>prev<span class=\"_ _2\"></span>isti <span class=\"_\"> </span>con<span class=\"_ _2\"></span>trattualmente (comprensivi di c<span class=\"_ _2\"></span>apitale ed <span class=\"_ _2\"></span>interessi anche se non <span class=\"_ _1\"></span>m<span class=\"_ _3\"></span>aturati alla da<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>a di bilancio) no<span class=\"_ _2\"></span>n attualizzati: 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2A v<span class=\"_ _3\"></span>is<span class=\"_ _6\"></span>ta<span class=\"_ _19\"> </span>&lt; <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span> me<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i6<span class=\"_ _3\"></span> m - 11<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _1\"></span>ni<span class=\"_ _212\"> </span>2-5<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>ni<span class=\"_ _169\"> </span>&gt; 5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>nn<span class=\"_ _1\"></span>i<span class=\"_ _210\"> </span>To<span class=\"_ _3\"></span>talea<span class=\"_ _2\"></span>nn<span class=\"_ _1\"></span>oCredi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _258\"> </span><span class=\"fc0\">0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _259\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _25a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _6a\"> </span><span class=\"fc1\">0,<span class=\"_ _1\"></span>6<span class=\"_ _25b\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> verso soci<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>t\u00e0 del<span class=\"_ _16\"></span> G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>poDeri<span class=\"_ _1\"></span>vati<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ertura<span class=\"_ _1b6\"> </span>0<span class=\"_ _1\"></span>,3<span class=\"_ _218\"> </span><span class=\"fc1\">0,<span class=\"_ _16\"></span>2<span class=\"_ _69\"> </span>0<span class=\"_ _1\"></span>,8<span class=\"_ _25c\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3</span>Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>po<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>de<span class=\"_ _30\"> </span>54<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _173\"> </span>5<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>3In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _200\"> </span><span class=\"fc0\">0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _161\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _69\"> </span>0<span class=\"_ _1\"></span>,0<span class=\"_ _25c\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1</span>Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _e3\"> </span>5<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,3<span class=\"_ _65\"> </span><span class=\"fc0\">0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _221\"> </span></span>0<span class=\"_ _3\"></span>,8<span class=\"_ _254\"> </span>1<span class=\"_ _3\"></span>,6<span class=\"_ _86\"> </span>57<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>verso<span class=\"_ _2\"></span> terzi<span class=\"_ _7a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _164\"> </span>14<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _a0\"> </span>17<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _162\"> </span>14<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _158\"> </span><span class=\"fc0\">25<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _182\"> </span><span class=\"fc1\">71<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8</span></span>Deri<span class=\"_ _1\"></span>vati<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>erturaDebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>verso<span class=\"_ _2\"></span> soci<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>poIn<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _25d\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _6a\"> </span>1,<span class=\"_ _1\"></span>0<span class=\"_ _1c4\"> </span>1,<span class=\"_ _1\"></span>5<span class=\"_ _83\"> </span><span class=\"fc0\">1,<span class=\"_ _1\"></span>9<span class=\"_ _113\"> </span><span class=\"fc1\">5,<span class=\"_ _16\"></span>6</span></span>Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _1fe\"> </span><span class=\"fc0\">0<span class=\"_ _3\"></span>,0<span class=\"_ _162\"> </span></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _222\"> </span>1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _218\"> </span>15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _63\"> </span><span class=\"fc0\">2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,6<span class=\"_ _1ad\"> </span></span>7<span class=\"_ _3\"></span>7<span class=\"_ _6\"></span>,5P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ocaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _7b\"> </span>0,<span class=\"_ _16\"></span>2<span class=\"_ _15f\"> </span><span class=\"fc1\">16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _a0\"> </span>12<span class=\"_ _1\"></span>,5<span class=\"_ _15e\"> </span>18<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _218\"> </span>1<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _221\"> </span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _25e\"> </span>1<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>4</span>In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su con<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> 1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _6a\"> </span>1,<span class=\"_ _1\"></span>5<span class=\"_ _1c4\"> </span>2,<span class=\"_ _1\"></span>7<span class=\"_ _83\"> </span>7,<span class=\"_ _1\"></span>7<span class=\"_ _221\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _6b\"> </span>1<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>0l<span class=\"_ _16\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>eTotale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> 0<span class=\"_ _3\"></span>,2<span class=\"_ _162\"> </span><span class=\"fc1\">3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _222\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _110\"> </span>3<span class=\"_ _6\"></span>6,<span class=\"_ _3\"></span>6<span class=\"_ _1c2\"> </span>14<span class=\"_ _6\"></span>2,<span class=\"_ _3\"></span>8<span class=\"_ _118\"> </span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _1f\"> </span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,9</span>co<span class=\"_ _3\"></span>mp<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>e3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1A v<span class=\"_ _3\"></span>is<span class=\"_ _6\"></span>ta<span class=\"_ _19\"> </span>&lt; <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span> me<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i6<span class=\"_ _3\"></span> m - 11<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _1\"></span>ni<span class=\"_ _212\"> </span>2-5<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>ni<span class=\"_ _169\"> </span>&gt; 5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>nn<span class=\"_ _1\"></span>i<span class=\"_ _210\"> </span>To<span class=\"_ _3\"></span>talea<span class=\"_ _2\"></span>nn<span class=\"_ _1\"></span>oCredi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _eb\"> </span><span class=\"fc0\">-<span class=\"_ _89\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _20f\"> </span>-<span class=\"_ _206\"> </span>-<span class=\"_ _110\"> </span></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _228\"> </span>0,<span class=\"_ _16\"></span>2Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _e0\"> </span>0,<span class=\"_ _16\"></span>1<span class=\"_ _89\"> </span>-<span class=\"_ _161\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _20f\"> </span><span class=\"fc0\">-<span class=\"_ _206\"> </span>-<span class=\"_ _65\"> </span>-<span class=\"_ _164\"> </span></span>0,<span class=\"_ _16\"></span>2Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> verso soci<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>t\u00e0 del<span class=\"_ _16\"></span> --<span class=\"_ _83\"> </span>-<span class=\"_ _157\"> </span>-<span class=\"_ _6e\"> </span>-<span class=\"_ _65\"> </span>-<span class=\"_ _7e\"> </span><span class=\"fc1\">-</span>G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>poDeri<span class=\"_ _1\"></span>vati<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ertura<span class=\"_ _25f\"> </span><span class=\"fc0\">-<span class=\"_ _89\"> </span>-<span class=\"_ _161\"> </span>0<span class=\"_ _1\"></span>,1<span class=\"_ _64\"> </span>-<span class=\"_ _164\"> </span>0,<span class=\"_ _16\"></span>2</span>Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>po<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>de<span class=\"_ _da\"> </span>11<span class=\"_ _1\"></span>3,<span class=\"_ _16\"></span>0<span class=\"_ _89\"> </span><span class=\"fc0\">-<span class=\"_ _83\"> </span>-<span class=\"_ _157\"> </span>-<span class=\"_ _206\"> </span>-<span class=\"_ _76\"> </span>-<span class=\"_ _15d\"> </span></span>1<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _260\"> </span><span class=\"fc0\">-<span class=\"_ _89\"> </span>-<span class=\"_ _83\"> </span>-<span class=\"_ _20f\"> </span>-<span class=\"_ _206\"> </span>-<span class=\"_ _65\"> </span>-<span class=\"_ _7e\"> </span>-</span>Totale<span class=\"_ _6\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _10a\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,1<span class=\"_ _206\"> </span>-<span class=\"_ _6b\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _261\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1f\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>verso<span class=\"_ _2\"></span> terzi<span class=\"_ _e0\"> </span>-<span class=\"_ _15f\"> </span>24<span class=\"_ _1\"></span>,2<span class=\"_ _54\"> </span>12<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _162\"> </span>3<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _79\"> </span>-<span class=\"_ _76\"> </span><span class=\"fc0\">-<span class=\"_ _6b\"> </span></span>76<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0Deri<span class=\"_ _1\"></span>vati<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ertura<span class=\"_ _25f\"> </span><span class=\"fc0\">-<span class=\"_ _83\"> </span></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _6a\"> </span>0,<span class=\"_ _16\"></span>2<span class=\"_ _157\"> </span>-<span class=\"_ _6e\"> </span>-<span class=\"_ _65\"> </span><span class=\"fc0\">-<span class=\"_ _228\"> </span></span>0,<span class=\"_ _1\"></span>4Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>verso<span class=\"_ _2\"></span> soci<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _16\"></span> --<span class=\"_ _83\"> </span>-<span class=\"_ _157\"> </span>-<span class=\"_ _6e\"> </span>-<span class=\"_ _65\"> </span>-<span class=\"_ _7e\"> </span><span class=\"fc1\">-</span>G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>poIn<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _e8\"> </span><span class=\"fc0\">-<span class=\"_ _114\"> </span></span>0,<span class=\"_ _16\"></span>2<span class=\"_ _161\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _69\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _79\"> </span>-<span class=\"_ _76\"> </span><span class=\"fc0\">-<span class=\"_ _164\"> </span></span>0<span class=\"_ _1\"></span>,7Totale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _eb\"> </span>-<span class=\"_ _15e\"> </span>24<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _222\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _6\"></span>,6<span class=\"_ _110\"> </span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _6e\"> </span>-<span class=\"_ _76\"> </span><span class=\"fc0\">-<span class=\"_ _d5\"> </span></span>77<span class=\"_ _3\"></span>,1P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ocaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _6e\"> </span><span class=\"fc0\">-<span class=\"_ _158\"> </span></span>1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _a0\"> </span>13<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _162\"> </span>2<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>1<span class=\"_ _158\"> </span>56<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _15d\"> </span>7<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>4<span class=\"_ _222\"> </span>18<span class=\"_ _1\"></span>4,<span class=\"_ _16\"></span>8In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su con<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> -<span class=\"_ _83\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _6a\"> </span>1,<span class=\"_ _16\"></span>5<span class=\"_ _69\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _83\"> </span>5,<span class=\"_ _1\"></span>9<span class=\"_ _221\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _6b\"> </span>1<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>3</span>l<span class=\"_ _16\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>eTotale<span class=\"_ _6\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> -<span class=\"_ _15e\"> </span>4<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,8<span class=\"_ _25e\"> </span>2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,4<span class=\"_ _218\"> </span>67<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _63\"> </span>6<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,3<span class=\"_ _10c\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _1f\"> </span>2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,3co<span class=\"_ _3\"></span>mp<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>eI <span class=\"_\"> </span>valori <span class=\"_\"> </span>e<span class=\"_ _2\"></span>spressi <span class=\"_\"> </span>ne<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>la <span class=\"_\"> </span>tabella <span class=\"_ _11\"> </span>sopra <span class=\"_\"> </span>esposta <span class=\"_ _11\"> </span>a <span class=\"_\"> </span>differenza <span class=\"_\"> </span>dei <span class=\"_ _11\"> </span>valori <span class=\"_\"> </span>dell\u2019inde<span class=\"_ _2\"></span>bitamento<span class=\"_ _3\"></span> <span class=\"_\"> </span>finanziar<span class=\"_ _2\"></span>io <span class=\"_ _15\"> </span>netto complessivo incl<span class=\"_ _2\"></span>udono i credi<span class=\"_ _2\"></span>ti finanziari non <span class=\"_ _2\"></span>correnti per <span class=\"_ _2\"></span>Euro 0,8 milioni <span class=\"_ _3\"></span>(Euro <span class=\"_ _6\"></span>0,2 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre 2021<span class=\"ls5\">).</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1696-2": {
   "value": "Ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di cam<span class=\"_ _2\"></span>bio<span class=\"_ _2\"></span> Il<span class=\"ls0\"> ris<span class=\"_ _2\"></span>chio <span class=\"_ _1\"></span>di camb<span class=\"_ _2\"></span>io <span class=\"_ _2\"></span>pu\u00f2 <span class=\"_ _1\"></span>essere <span class=\"_ _1\"></span>definito <span class=\"_ _2\"></span>come <span class=\"_ _1\"></span><span class=\"ff24\">l\u2019insieme<span class=\"ff21\"> <span class=\"_ _1\"></span>degli <span class=\"_ _2\"></span>effetti <span class=\"_ _1\"></span>negativi <span class=\"_ _1\"></span>indotti <span class=\"_ _2\"></span>sui <span class=\"_ _2\"></span>valori i<span class=\"_ _2\"></span>scr<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>bila<span class=\"_ _1\"></span>ncio<span class=\"_ _2\"></span> </span></span></span></span></span>di<span class=\"ls0\"> <span class=\"_ _0\"></span>attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>pas<span class=\"_ _2\"></span>siv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _0\"></span><span class=\"ls7\">da<span class=\"ls0\"> <span class=\"_ _0\"></span>var<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>zioni<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>nei<span class=\"_ _1\"></span> <span class=\"_ _16\"></span>tas<span class=\"_ _2\"></span>si<span class=\"_ _1\"></span> <span class=\"_ _16\"></span><span class=\"ls7\">di<span class=\"ls0\"> <span class=\"_ _0\"></span>camb<span class=\"_ _2\"></span>io.<span class=\"_ _1\"></span> <span class=\"_ _16\"></span><span class=\"ls4f\">Il<span class=\"ls0\"> <span class=\"_ _0\"></span>Grupp<span class=\"_ _1\"></span>o, <span class=\"_ _0\"></span><span class=\"ls7\">pur<span class=\"ls0\"> <span class=\"_ _0\"></span>avend<span class=\"_ _1\"></span>o <span class=\"_ _16\"></span>una <span class=\"_ _16\"></span>presenza <span class=\"_ _16\"></span>a <span class=\"_ _1\"></span>livello <span class=\"_ _16\"></span>internazionale, </span></span></span></span></span></span></span></span></span>non <span class=\"_ _15\"> </span>evidenzia <span class=\"_ _8\"></span>una <span class=\"_ _15\"></span>rilevante <span class=\"_ _8\"></span>esposizione <span class=\"_ _8\"></span>al <span class=\"_ _15\"> </span>rischio <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>cambio <span class=\"_ _7\"></span><span class=\"ls6\">in</span> <span class=\"_ _14\"></span>quanto <span class=\"_ _14\"></span><span class=\"ff24\">l\u2019euro</span> <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _7\"></span><span class=\"ls6\">la</span> <span class=\"_ _14\"></span>valuta <span class=\"_ _14\"></span>funzionale <span class=\"_ _14\"></span>delle principali <span class=\"_ _1\"></span>aree <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>business <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Gruppo. L\u2019esposizione <span class=\"_ _1\"></span>al <span class=\"_ _2\"></span>rischio <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>camb<span class=\"ff21\">io \u00e8 <span class=\"_ _1\"></span>limitata a<span class=\"_ _2\"></span>d a<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>cune <span class=\"_ _1\"></span>posizioni c<span class=\"_ _2\"></span>ommerciali <span class=\"_ _1\"></span>e fin<span class=\"_ _2\"></span>anziarie <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>ammontare <span class=\"_ _2\"></span>poco </span>significativo ricon<span class=\"_ _2\"></span>ducibili a<span class=\"_ _2\"></span> RCS MediaGroup, R<span class=\"_ _2\"></span>CS Sports and Even<span class=\"_ _2\"></span>ts <span class=\"_ _12\"> </span>e La7. La <span class=\"_\"> </span>gestione <span class=\"_ _11\"> </span>del <span class=\"_\"> </span>rischio<span class=\"_ _2\"></span> <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>cambio <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>reg<span class=\"_ _2\"></span>olata <span class=\"_\"> </span>da <span class=\"_ _11\"> </span>specifiche <span class=\"_\"> </span>p<span class=\"_ _1\"></span>olicy <span class=\"_\"> </span>che <span class=\"_\"> </span>def<span class=\"_ _2\"></span>iniscono <span class=\"_ _11\"> </span>gli <span class=\"_\"> </span>obiettivi <span class=\"_\"> </span>di <span class=\"_ _f\"> </span><span class=\"ff26\">risk </span>management<span class=\"ff21\">, <span class=\"_ _2\"></span>i limiti, i <span class=\"_ _1\"></span>ruoli e le <span class=\"ff24\">r<span class=\"_ _2\"></span>esponsabilit\u00e0 <span class=\"_ _2\"></span>all\u2019interno <span class=\"_ _1\"></span>del<span class=\"_ _3\"></span> processo. <span class=\"_ _1\"></span>Non \u00e8 ammesso<span class=\"ff21\"> <span class=\"_ _0\"></span><span class=\"ff24\">l<span class=\"_ _3\"></span>\u2019utilizzo<span class=\"ff21\"> <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>strument<span class=\"_ _2\"></span>i </span></span></span></span></span>derivati <span class=\"_ _16\"></span>per <span class=\"_ _16\"></span>finalit\u00e0 <span class=\"_ _16\"></span>speculative, <span class=\"_ _16\"></span>ovvero <span class=\"_ _1\"></span>non <span class=\"_ _16\"></span>volti <span class=\"_ _16\"></span>a <span class=\"_ _1\"></span>perseguire il prede<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>to obiettivo. Ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di pre<span class=\"_ _1\"></span>zzo Il Gruppo <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>\u00e8 esposto <span class=\"_ _1\"></span>a significativi <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ischi di <span class=\"_ _2\"></span>prezzo <span class=\"_ _2\"></span>relativi a <span class=\"_ _1\"></span>strumenti finanzi<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span><span class=\"ff24\">ri che <span class=\"_ _1\"></span>rientrano nell\u2019ambi<span class=\"_ _2\"></span>to </span>di applicazione de<span class=\"_ _2\"></span>llo IAS 39. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1706-2": {
   "value": "Ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di cre<span class=\"_ _1\"></span>dito Il <span class=\"_\"> </span>rischio <span class=\"_ _11\"> </span>di<span class=\"_ _3\"></span> <span class=\"_\"> </span>credito <span class=\"_ _11\"> </span>pu\u00f2 <span class=\"_\"> </span>essere <span class=\"_\"> </span>definito<span class=\"_ _2\"></span> <span class=\"_\"> </span>come <span class=\"_\"> </span>la <span class=\"_\"> </span>p<span class=\"_ _1\"></span>oss<span class=\"_ _3\"></span>ibilit\u00e0 <span class=\"_\"> </span>di <span class=\"_ _11\"> </span>incorrere <span class=\"_\"> </span>in <span class=\"_\"> </span>una <span class=\"_\"> </span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rdita <span class=\"_\"> </span>finanziaria<span class=\"_ _2\"></span> <span class=\"_\"> </span>per inadempienza <span class=\"_ _2\"></span>in capo alla c<span class=\"_ _2\"></span>ontroparte dell\u2019obbl<span class=\"_ _2\"></span>igazion<span class=\"_ _2\"></span>e contrattuale.<span class=\"ff21\"> </span>Le <span class=\"_ _15\"> </span>seguenti <span class=\"_ _8\"></span>t<span class=\"_ _3\"></span>abelle <span class=\"_ _8\"></span>mostrano <span class=\"_ _15\"> </span><span class=\"ls6\">la</span> <span class=\"_ _15\"></span>massima <span class=\"_ _8\"></span>esposizione <span class=\"_ _8\"></span>del <span class=\"_ _15\"> </span>Gruppo <span class=\"_ _15\"> </span><span class=\"ls3\">al</span> <span class=\"_ _15\"> </span>ri<span class=\"_ _3\"></span>schio <span class=\"_ _8\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _15\"> </span>credito <span class=\"_ _15\"> </span>per <span class=\"_ _15\"></span>le <span class=\"_ _15\"> </span>componenti patrimoniali: De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>one31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>2231<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>21V<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>iaz<span class=\"_ _1\"></span>ioneCredi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _16\"></span>merci<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>(1)26<span class=\"_ _1\"></span>6,929<span class=\"_ _1\"></span>1,7(24<span class=\"_ _1\"></span>,8)Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span>n corren<span class=\"_ _1\"></span>ti0,<span class=\"_ _1\"></span>80,<span class=\"_ _1\"></span>20,<span class=\"_ _1\"></span>6Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>orr<span class=\"_ _2\"></span>enti1,<span class=\"_ _1\"></span>00,<span class=\"_ _1\"></span>20,<span class=\"_ _1\"></span>8Al<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrent<span class=\"_ _2\"></span>i4,<span class=\"_ _1\"></span>34,<span class=\"_ _1\"></span>7(0,<span class=\"_ _1\"></span>4)Al<span class=\"_ _16\"></span>tre<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>corren<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> (2)77<span class=\"_ _1\"></span>,253<span class=\"_ _1\"></span>,224<span class=\"_ _1\"></span>,0Totale<span class=\"_ _6\"></span> cre<span class=\"_ _6\"></span>d<span class=\"_ _2\"></span>iti e<span class=\"_ _6\"></span>d a<span class=\"_ _1\"></span>ltr<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> attivit\u00e035<span class=\"_ _1\"></span>0,235<span class=\"_ _1\"></span>0,00,<span class=\"_ _1\"></span>2Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>de54<span class=\"_ _1\"></span>,311<span class=\"_ _1\"></span>3,0(58<span class=\"_ _1\"></span>,7)Totale40<span class=\"_ _1\"></span>4,546<span class=\"_ _1\"></span>3,0(58<span class=\"_ _1\"></span>,5)(1) I crediti com<span class=\"_ _2\"></span>merciali incl<span class=\"_ _2\"></span>udono anche i<span class=\"_ _2\"></span> crediti verso c<span class=\"_ _2\"></span>ontrollanti, collegate e co<span class=\"_ _2\"></span>nsociate per<span class=\"_ _2\"></span> Euro 2,6 milioni (Euro<span class=\"_ _2\"></span> 2,9 milioni nel<span class=\"_ _2\"></span> <span class=\"_\"> </span>202<span class=\"_ _1\"></span>1). (2) Le altre a<span class=\"_ _2\"></span>ttivit\u00e0 correnti <span class=\"_ _2\"></span>non includon<span class=\"_ _2\"></span>o ratei e riscont<span class=\"_ _2\"></span>i attivi pari ad <span class=\"_ _2\"></span>Euro 9 milioni al 31 dicembr<span class=\"_ _2\"></span>e 2022 (Euro 8,1 milioni a<span class=\"_ _2\"></span>l 31 <span class=\"_\"> </span>dicembre <span class=\"_ _1\"></span>2<span class=\"_ _3\"></span>021<span class=\"ls7a\">).</span> De<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>liCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>it\u00e0Altr<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>it\u00e0 Dis<span class=\"_ _6\"></span>poni<span class=\"_ _1\"></span>bili<span class=\"_ _2\"></span>t\u00e0Totale(1)f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>if<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i non co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>tico<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiliq<span class=\"_ _1\"></span>uid<span class=\"_ _1\"></span>enon co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>tico<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiEs<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>ciz<span class=\"_ _2\"></span>io 2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ore<span class=\"_ _6\"></span> lord<span class=\"_ _1\"></span>o<span class=\"_ _2e\"> </span><span class=\"ff2a\">30<span class=\"_ _1\"></span>4,8<span class=\"_ _1fd\"> </span>0,8<span class=\"_ _56\"> </span>1,0<span class=\"_ _1fd\"> </span>4,3<span class=\"_ _a3\"> </span>87<span class=\"_ _1\"></span>,1<span class=\"_ _2f\"> </span>4<span class=\"_ _2\"></span>52<span class=\"_ _1\"></span>,3</span>54<span class=\"_ _1\"></span>,3Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ut<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _5a\"> </span><span class=\"ff29\">(3<span class=\"_ _1\"></span>7,9<span class=\"_ _1\"></span>)<span class=\"_ _10a\"> </span><span class=\"fc0\">-<span class=\"_ _10a\"> </span>-<span class=\"_ _32\"> </span>-<span class=\"_ _157\"> </span></span>(9,9<span class=\"_ _1\"></span>)<span class=\"_ _264\"> </span>(47<span class=\"_ _1\"></span>,8)</span>-Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ore<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tto<span class=\"_ _1a0\"> </span><span class=\"ff2a\">26<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>9<span class=\"_ _55\"> </span>0,8<span class=\"_ _56\"> </span>1,0<span class=\"_ _55\"> </span>4<span class=\"_ _2\"></span>,3<span class=\"_ _a3\"> </span>77<span class=\"_ _1\"></span>,2<span class=\"_ _2f\"> </span>4<span class=\"_ _2\"></span>04<span class=\"_ _1\"></span>,5</span>54<span class=\"_ _1\"></span>,3(1) I crediti c<span class=\"_ _2\"></span>ommerciali incl<span class=\"_ _2\"></span>udono anche<span class=\"_ _2\"></span> crediti verso c<span class=\"_ _2\"></span>ontrollanti, <span class=\"_ _2\"></span>controllate e co<span class=\"_ _2\"></span>nsociate per<span class=\"_ _2\"></span> Euro 2,6 mil<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ni.<span class=\"_ _1\"></span> De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>rcia<span class=\"_ _1\"></span>liCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> a<span class=\"_ _2\"></span>ttivit\u00e0<span class=\"_ _1\"></span> Dis<span class=\"_ _6\"></span>poni<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>ili<span class=\"_ _1\"></span>t\u00e0Totale(1)f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>rif<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span> non co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>tico<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiliq<span class=\"_ _1\"></span>uid<span class=\"_ _1\"></span>enon co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>tico<span class=\"_ _3\"></span>rr<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>ntiEs<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>rciz<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Totale<span class=\"_ _6\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>re<span class=\"_ _6\"></span> lord<span class=\"_ _1\"></span>o<span class=\"_ _19f\"> </span><span class=\"ff2a\">33<span class=\"_ _1\"></span>2,6<span class=\"_ _14f\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _165\"> </span>0,4<span class=\"_ _14f\"> </span>4,7<span class=\"_ _22b\"> </span>63,<span class=\"_ _1\"></span>3<span class=\"_ _215\"> </span>51<span class=\"_ _1\"></span>4,2</span>11<span class=\"_ _1\"></span>3,0Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _6c\"> </span><span class=\"ff29\">(40<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span>-<span class=\"_ _162\"> </span>(0,<span class=\"_ _2\"></span>2)<span class=\"_ _204\"> </span><span class=\"ff21\">-<span class=\"_ _1fd\"> </span></span>(10<span class=\"_ _1\"></span>,1)<span class=\"_ _265\"> </span>(51<span class=\"_ _1\"></span>,2)</span>-Totale<span class=\"_ _6\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>re<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tto<span class=\"_ _16b\"> </span><span class=\"ff2a\">29<span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>7<span class=\"_ _152\"> </span>0,2<span class=\"_ _165\"> </span>0,2<span class=\"_ _14f\"> </span>4,<span class=\"_ _2\"></span>7<span class=\"_ _e2\"> </span>5<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,2<span class=\"_ _e8\"> </span>46<span class=\"_ _2\"></span>3,<span class=\"_ _1\"></span>0</span>11<span class=\"_ _1\"></span>3,0(1) I crediti c<span class=\"_ _2\"></span>ommerciali incl<span class=\"_ _2\"></span>udono anche<span class=\"_ _2\"></span> crediti verso c<span class=\"_ _2\"></span>ontrollanti, <span class=\"_ _2\"></span>controllate e co<span class=\"_ _2\"></span>nsociate per<span class=\"_ _2\"></span> Euro 2,9 mil<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ni.<span class=\"_ _1\"></span> Il Gruppo pr<span class=\"_ _2\"></span>esenta una e<span class=\"_ _2\"></span>sposizione a<span class=\"_ _2\"></span>l rischio d<span class=\"_ _2\"></span>i credito princ<span class=\"_ _2\"></span>ipalmente <span class=\"_ _2\"></span>con riferimen<span class=\"_ _2\"></span>to ai cre<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>iti<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>mer<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i, ed in par<span class=\"_ _1\"></span>tico<span class=\"_ _2\"></span>lare<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>a quel<span class=\"_ _2\"></span>li rin<span class=\"_ _1\"></span>veni<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i dall<span class=\"_ _1\"></span>\u2019att<span class=\"_ _2\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di racc<span class=\"_ _1\"></span>olta pubb<span class=\"_ _1\"></span>lici<span class=\"_ _1\"></span>taria<span class=\"_ _2\"></span>, <span class=\"ff21\">rischio peraltro mitiga<span class=\"_ _2\"></span>to dal fatto che </span>l\u2019esposizione <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _14\"></span>suddivisa <span class=\"_ _14\"></span><span class=\"ls4a\">su</span> <span class=\"_ _7\"></span>un <span class=\"_ _14\"></span>largo <span class=\"_ _14\"></span>numer<span class=\"_ _3\"></span>o <span class=\"_ _14\"></span>di <span class=\"_ _14\"></span>clienti <span class=\"_ _8\"></span>e <span class=\"_ _8\"></span>che <span class=\"_ _8\"></span>a <span class=\"_ _8\"></span>fronte <span class=\"_ _15\"> </span>del <span class=\"_ _7\"></span>rischio <span class=\"_ _8\"></span>sono <span class=\"_ _8\"></span>state <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>mplementate<span class=\"_ _2\"></span> procedure di con<span class=\"_ _2\"></span>trollo e mo<span class=\"_ _2\"></span>nitoraggio. I <span class=\"_ _3\"></span>crediti <span class=\"_ _6\"></span>comme<span class=\"_ _2\"></span>rciali <span class=\"_ _3\"></span>netti, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _6\"></span>Euro 264,3 <span class=\"_ _3\"></span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _3\"></span><span class=\"ls3\">al</span> <span class=\"_ _6\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _6\"></span>(Euro <span class=\"_ _6\"></span>266,9 <span class=\"_ _6\"></span>includendo <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>rapporti con <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>controllanti, <span class=\"_ _6\"></span>collegate <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>consocia<span class=\"_ _2\"></span>te), <span class=\"_ _3\"></span><span class=\"ls34\">si<span class=\"_ _3\"></span></span> r<span class=\"_ _3\"></span>iferiscono <span class=\"_ _3\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>117,2 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro 118,7 milioni includendo i <span class=\"_ _2\"></span>rapporti con societ\u00e0 co<span class=\"_ _2\"></span>ntrollanti, collega<span class=\"_ _2\"></span>te e consociate) e a Cairo Co<span class=\"_ _2\"></span>mmunication e <span class=\"ff24 ls0\">alle <span class=\"_ _3\"></span>societ\u00e0 da quest\u2019ultima controllate<span class=\"ff21\"> (escluso <span class=\"ls17\">il</span> Gruppo R<span class=\"_ _2\"></span>CS) per Euro <span class=\"_ _2\"></span>147,1 milioni (Eu<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>o 148,2 m<span class=\"_ _2\"></span>ilioni </span></span>includendo <span class=\"_ _16\"></span>i <span class=\"_ _16\"></span>rapporti <span class=\"_ _16\"></span>con <span class=\"_ _16\"></span>societ\u00e0 <span class=\"_ _16\"></span>controllan<span class=\"_ _2\"></span>ti, <span class=\"_ _16\"></span>collegate <span class=\"_ _0\"></span>e <span class=\"_ _16\"></span>consociate). <span class=\"_ _16\"></span>I <span class=\"_ _0\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _16\"></span>commerciali <span class=\"_ _0\"></span>sono <span class=\"_ _16\"></span>esposti <span class=\"_ _1\"></span>al <span class=\"_ _16\"></span>netto di un fondo svalut<span class=\"_ _2\"></span>azione crediti d<span class=\"_ _2\"></span>i Euro 37,9 milion<span class=\"_ _2\"></span>i. Con <span class=\"_ _2\"></span>riferimento<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _1\"></span>RCS <span class=\"_ _2\"></span>i c<span class=\"_ _2\"></span>rediti <span class=\"_ _1\"></span>commerciali <span class=\"_ _1\"></span>lordi, incl<span class=\"_ _2\"></span>udendo <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>rapporti s<span class=\"_ _2\"></span>ociet\u00e0 <span class=\"_ _1\"></span>controllanti <span class=\"_ _1\"></span>collegate e <span class=\"_ _14\"></span>consociate, <span class=\"_ _6\"></span>sono <span class=\"_ _14\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _14\"></span>Euro <span class=\"_ _14\"></span>146,7 <span class=\"_ _6\"></span><span class=\"ff24\">milioni. <span class=\"_ _14\"></span>L\u2019analisi <span class=\"_ _6\"></span>dei <span class=\"_ _14\"></span>nuovi <span class=\"_ _6\"></span>client</span>i <span class=\"_\"> </span>e <span class=\"_ _11\"> </span><span class=\"ls6\">la</span> <span class=\"_\"> </span>va<span class=\"_ _2\"></span>lutazione <span class=\"_ _11\"> </span>della <span class=\"_\"> </span>aff<span class=\"_ _2\"></span>idabilit\u00e0 della <span class=\"_ _14\"></span>clientela <span class=\"_ _6\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>attuata <span class=\"_ _14\"></span>attraverso <span class=\"_ _14\"></span><span class=\"ff24\">l\u2019attribu<span class=\"_ _2\"></span>zione <span class=\"_ _2\"></span>di un <span class=\"_ _16\"></span>rating finanzia<span class=\"_ _2\"></span>rio g<span class=\"_ _2\"></span>enerato d<span class=\"_ _1\"></span>a un <span class=\"_ _2\"></span>sistema au<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>omatico <span class=\"_ _2\"></span>di </span>valutazione <span class=\"_ _16\"></span>dell\u2019affidabilit\u00e0 <span class=\"_ _16\"></span>creditizia. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>modello <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>elaborazione <span class=\"_ _16\"></span>del <span class=\"_ _1\"></span>rating <span class=\"_ _1\"></span>applicato <span class=\"_ _2\"></span>all\u2019Ita<span class=\"_ _2\"></span>lia <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>basato <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>cos\u00ec detto <span class=\"_ _12\"> </span>modello <span class=\"_ _12\"> </span>dell\u2019\u201cexpected <span class=\"_ _12\"> </span>default <span class=\"_ _12\"> </span>frequency\u201d <span class=\"_ _12\"> </span>elaborato <span class=\"_ _12\"> </span>da <span class=\"_ _11\"> </span>primario <span class=\"_ _12\"> </span>gruppo <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>informazione <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>analisi finanziaria. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>tabella <span class=\"_ _1\"></span>seguente <span class=\"_ _1\"></span>fornisce <span class=\"_ _1\"></span>informazioni <span class=\"_ _1\"></span>circa <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>qualit\u00e0 <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>crediti <span class=\"_ _1\"></span>in p<span class=\"_ _1\"></span>ort<span class=\"_ _3\"></span>afoglio <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span><span class=\"ls31\">RCS<span class=\"ls0\"> </span></span>e <span class=\"ff24\">l\u2019attrib</span>uz<span class=\"_ _2\"></span>ione del <span class=\"_ _1\"></span>f<span class=\"_ _3\"></span>ondo s<span class=\"_ _2\"></span>valutazione cre<span class=\"_ _2\"></span>diti al<span class=\"_ _2\"></span>le diverse f<span class=\"_ _2\"></span>asce di rating i<span class=\"_ _2\"></span>ndividua<span class=\"_ _2\"></span>te: De<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>cri<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>oneCr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>di<span class=\"_ _2\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li Fond<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>23<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1s<span class=\"_ _6\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>onecr<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ditiRati<span class=\"_ _16\"></span>ng<span class=\"_ _1\"></span> A <span class=\"_ _3\"></span>(ri<span class=\"_ _16\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>o b<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>)<span class=\"_ _266\"> </span><span class=\"ff29\">34<span class=\"_ _1\"></span>,4<span class=\"_ _180\"> </span>33<span class=\"_ _1\"></span>,3<span class=\"_ _1fe\"> </span>0<span class=\"_ _2\"></span>,9</span>Rati<span class=\"_ _16\"></span>ng<span class=\"_ _1\"></span> B (ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>edi<span class=\"_ _0\"></span>o)<span class=\"_ _267\"> </span><span class=\"ff29\">11<span class=\"_ _1\"></span>,5<span class=\"_ _ad\"> </span>6<span class=\"_ _2\"></span>,7<span class=\"_ _14d\"> </span>7,3</span>Rati<span class=\"_ _16\"></span>ng<span class=\"_ _1\"></span> C (ri<span class=\"_ _1\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>)<span class=\"_ _268\"> </span><span class=\"ff29\">8,<span class=\"_ _1\"></span>2<span class=\"_ _ad\"> </span>8,1<span class=\"_ _20e\"> </span>1<span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>9</span>Rati<span class=\"_ _16\"></span>ng<span class=\"_ _1\"></span> Z (no<span class=\"_ _1\"></span>t rate<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>)<span class=\"_ _1b6\"> </span><span class=\"ff29\">97<span class=\"_ _1\"></span>,7<span class=\"_ _18e\"> </span>12<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,1<span class=\"_ _20e\"> </span>12<span class=\"_ _1\"></span>,4</span>Totale<span class=\"_ _1b5\"> </span><span class=\"ff2a\">15<span class=\"_ _1\"></span>1,8<span class=\"_ _18e\"> </span>1<span class=\"_ _1\"></span>71<span class=\"_ _2\"></span>,2<span class=\"_ _20e\"> </span>32<span class=\"_ _1\"></span>,5</span>Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _200\"> </span><span class=\"ff29\">(3<span class=\"_ _2\"></span>3,<span class=\"_ _1\"></span>1)<span class=\"_ _b1\"> </span>(35<span class=\"_ _1\"></span>,8)</span>Totale<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tto<span class=\"_ _1b9\"> </span><span class=\"ff2a\">1<span class=\"_ _1\"></span>18<span class=\"_ _2\"></span>,7<span class=\"_ _18e\"> </span>1<span class=\"_ _2\"></span>35<span class=\"_ _1\"></span>,4</span>Si ramme<span class=\"_ _2\"></span>nta ch<span class=\"_ _2\"></span>e la <span class=\"_ _1\"></span>fascia dei <span class=\"_ _1\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _2\"></span>con at<span class=\"_ _2\"></span>tribuzione <span class=\"_ _2\"></span>Rating <span class=\"_ _2\"></span>Z <span class=\"_ _2\"></span>\u00e8 costi<span class=\"_ _2\"></span>tuita pr<span class=\"_ _2\"></span>incipalmente <span class=\"_ _1\"></span>da crediti ve<span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>so en<span class=\"_ _2\"></span>ti pubblici, client<span class=\"_ _2\"></span>i esteri e clientela d<span class=\"_ _2\"></span>iffusa. Con riferimento <span class=\"_ _2\"></span>al gruppo <span class=\"_ _2\"></span>m-Dis si segnala che <span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>e relative pos<span class=\"_ _2\"></span>te patrimon<span class=\"_ _2\"></span>iali conflui<span class=\"_ _2\"></span>scono nella fasc<span class=\"_ _2\"></span>ia Rating Z. <span class=\"_ _12\"> </span>Per<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>mitigarne <span class=\"_ _12\"> </span>gli <span class=\"_ _11\"> </span>effetti <span class=\"_ _12\"> </span>del <span class=\"_ _11\"> </span>rischio <span class=\"_ _12\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _11\"> </span>credito, <span class=\"_ _12\"> </span>la <span class=\"_ _11\"> </span>societ\u00e0 <span class=\"_ _12\"> </span>m<span class=\"_ _6\"></span>-dis <span class=\"_ _12\"> </span>Distribuzione <span class=\"_ _12\"> </span>Media <span class=\"_ _11\"> </span>S.p.A. <span class=\"_ _12\"> </span>attua <span class=\"_ _11\"> </span>un monitoraggio <span class=\"_ _16\"></span>puntuale <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>costante <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>situazione <span class=\"_ _16\"></span>creditoria <span class=\"_ _16\"></span>ed h<span class=\"_ _1\"></span>a o<span class=\"_ _1\"></span>tt<span class=\"_ _3\"></span>enuto <span class=\"_ _16\"></span>da <span class=\"_ _1\"></span>molti <span class=\"_ _1\"></span>distributori <span class=\"_ _16\"></span>l<span class=\"_ _3\"></span>ocali <span class=\"_ _1\"></span>il <span class=\"_ _16\"></span>rilascio di <span class=\"_ _6\"></span>garanzie <span class=\"_ _6\"></span>(fidejussioni) <span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>par<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ale<span class=\"_ _2\"></span> coper<span class=\"_ _1\"></span>tura del<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>risc<span class=\"_ _1\"></span>hio <span class=\"ls7\">di</span> <span class=\"_ _3\"></span>cred<span class=\"_ _2\"></span>ito<span class=\"_ _2\"></span>. Tutt<span class=\"_ _2\"></span>av<span class=\"_ _1\"></span>ia, <span class=\"ls17\">il</span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>tin<span class=\"_ _2\"></span>uo calo<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>dei liqu<span class=\"_ _1\"></span>idati e <span class=\"ls17\">la</span> sos<span class=\"_ _2\"></span>tan<span class=\"_ _1\"></span>ziale<span class=\"_ _2\"></span> <span class=\"_ _11\"> </span>assenza <span class=\"_ _12\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>barriere <span class=\"_ _11\"> </span>di <span class=\"_ _12\"> </span>ac<span class=\"_ _3\"></span>cesso <span class=\"_ _12\"> </span><span class=\"ls4\">al</span> <span class=\"_ _11\"> </span>mercato <span class=\"_ _12\"> </span>potrebbero <span class=\"_ _12\"> </span>comportare <span class=\"_ _11\"> </span>modifiche <span class=\"_ _12\"> </span><span class=\"ff24\">all\u2019attuale</span> <span class=\"_ _12\"> </span>filiera distributiva, <span class=\"_ _16\"></span>con <span class=\"_ _1\"></span>concentraz<span class=\"_ _2\"></span>ione <span class=\"_ _1\"></span>di <span class=\"_ _16\"></span>operatori <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>maggiori <span class=\"_ _16\"></span>rischi <span class=\"_ _1\"></span>di <span class=\"_ _16\"></span>cr<span class=\"_ _3\"></span>edito. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>mercato <span class=\"_ _16\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>aziende <span class=\"_ _1\"></span>del <span class=\"_ _16\"></span>gruppo m-Dis <span class=\"_ _14\"></span>operano <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _7\"></span>costituito <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>un <span class=\"_ _6\"></span>numero <span class=\"_ _3\"></span>contenuto <span class=\"_ _3\"></span><span class=\"ls7\">di<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>piccole<span class=\"_ _2\"></span>/medie <span class=\"_ _3\"></span><span class=\"ls4\">az</span>iende <span class=\"_ _3\"></span>rappresentate <span class=\"_ _3\"></span>prevalentemente dai <span class=\"_ _15\"></span>Distributori<span class=\"_ _2\"></span> <span class=\"_ _15\"> </span>Locali <span class=\"_ _15\"></span>che <span class=\"_ _8\"></span>sono <span class=\"_ _15\"> </span>attivi <span class=\"_ _8\"></span>nel <span class=\"_ _15\"> </span>campo <span class=\"_ _8\"></span>della <span class=\"_ _15\"> </span>distribuzione <span class=\"_ _15\"></span>di <span class=\"_ _8\"></span>prodotti <span class=\"_ _15\"> </span>editoriali. <span class=\"_ _8\"></span>Le <span class=\"_ _11\"> </span>transazioni effettuate <span class=\"_ _16\"></span>sono <span class=\"_ _16\"></span>generalment<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>regolate <span class=\"_ _16\"></span><span class=\"ls17\">in<span class=\"ls0\"> <span class=\"_ _16\"></span>tempi <span class=\"_ _16\"></span>brevi <span class=\"_ _1\"></span>e <span class=\"_ _16\"></span>tramite <span class=\"_ _16\"></span><span class=\"ff24\">l\u2019incasso<span class=\"ff21\"> <span class=\"_ _16\"></span>di <span class=\"_ _1\"></span>acconti p<span class=\"_ _1\"></span>er<span class=\"_ _3\"></span>iodici anticipa<span class=\"_ _2\"></span>ti. Alla luce </span></span></span></span>di quan<span class=\"_ _2\"></span>to espo<span class=\"_ _2\"></span>sto no<span class=\"_ _1\"></span>n viene <span class=\"_ _1\"></span>elaborato uno <span class=\"_ _1\"></span>scadenziario <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>stessi in<span class=\"_ _2\"></span> qu<span class=\"_ _1\"></span>anto priv<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>di s<span class=\"_ _2\"></span>ignificativi<span class=\"_ _2\"></span>t\u00e0 e <span class=\"_ _1\"></span>pertanto le rela<span class=\"_ _2\"></span>tive poste <span class=\"_ _2\"></span>patrimon<span class=\"_ _2\"></span>iali sono da co<span class=\"_ _1\"></span>nsiderarsi con scadenza preva<span class=\"_ _2\"></span>lentemente a <span class=\"_ _1\"></span>vi<span class=\"_ _3\"></span>sta. Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _3\"></span>a <span class=\"_ _14\"></span>Cairo <span class=\"_ _3\"></span>Communication <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>essa <span class=\"_ _6\"></span>controllate <span class=\"_ _3\"></span>(escluso <span class=\"_ _6\"></span><span class=\"ls6\">il</span> <span class=\"_ _6\"></span>Gruppo <span class=\"_ _14\"></span>RCS) <span class=\"_ _7\"></span>i <span class=\"_ _14\"></span>crediti commerciali lord<span class=\"_ _2\"></span>i sono pari a 153 milio<span class=\"_ _2\"></span>ni. Il fondo sva<span class=\"_ _2\"></span>lutazione credi<span class=\"_ _2\"></span>ti \u00e8 pari ad E<span class=\"_ _2\"></span>uro 4,8 milioni. La<span class=\"ls0\"> r<span class=\"_ _2\"></span>ipartizione <span class=\"_ _2\"></span>dei <span class=\"_ _1\"></span>crediti c<span class=\"_ _1\"></span>ommerciali per <span class=\"_ _1\"></span>fasce <span class=\"ls7\">di</span> <span class=\"_ _2\"></span>scaduto <span class=\"_ _1\"></span><span class=\"ls4\">al<span class=\"ls0\"> 31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _2\"></span>2022 <span class=\"_ _1\"></span>comparata con <span class=\"_ _2\"></span>il 31 <span class=\"_ _2\"></span>dicembr<span class=\"_ _2\"></span>e </span></span></span>2021 \u00e8 la seguente<span class=\"_ _2\"></span>: 31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>22Co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nteSca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> 6<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> o<span class=\"_ _3\"></span>ltr<span class=\"_ _2\"></span>eTo<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span> <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> g<span class=\"_ _6\"></span>ge<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>g9<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>g1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>gCredi<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>mm<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _25d\"> </span><span class=\"ff29\">5,<span class=\"_ _2\"></span>9<span class=\"_ _247\"> </span>1,<span class=\"_ _2\"></span>1<span class=\"_ _66\"> </span>2,<span class=\"_ _1\"></span>9<span class=\"_ _66\"> </span>4,8<span class=\"_ _1bf\"> </span>15<span class=\"_ _2\"></span>3,<span class=\"_ _1\"></span>0</span>13<span class=\"_ _1\"></span>8,3Fo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>o sval<span class=\"_ _16\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _25a\"> </span><span class=\"ff29\">(0<span class=\"_ _1\"></span>,5)<span class=\"_ _1fd\"> </span>(0,1<span class=\"_ _1\"></span>)<span class=\"_ _6e\"> </span>(0<span class=\"_ _1\"></span>,4)<span class=\"_ _79\"> </span>(2,9<span class=\"_ _1\"></span>)<span class=\"_ _65\"> </span>(4,8<span class=\"_ _1\"></span>)</span>(0,<span class=\"_ _1\"></span>9)Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>diti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>o<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>lie<span class=\"_ _6\"></span>nti<span class=\"_ _269\"> </span><span class=\"ff2a\">5,<span class=\"_ _1\"></span>4<span class=\"_ _14e\"> </span>1<span class=\"_ _2\"></span>,0<span class=\"_ _78\"> </span>2,5<span class=\"_ _78\"> </span>1,<span class=\"_ _2\"></span>9<span class=\"_ _63\"> </span>1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>8,<span class=\"_ _1\"></span>2</span>13<span class=\"_ _1\"></span>7,431<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>21Co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nteSca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> 6<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> tra<span class=\"_ _1\"></span> Sca<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> o<span class=\"_ _3\"></span>ltr<span class=\"_ _2\"></span>eTo<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span> <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> g<span class=\"_ _6\"></span>ge<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>g9<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>g1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>gCredi<span class=\"_ _0\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>mm<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _25d\"> </span><span class=\"ff29\">7,<span class=\"_ _2\"></span>3<span class=\"_ _247\"> </span>1,<span class=\"_ _2\"></span>5<span class=\"_ _66\"> </span>2,<span class=\"_ _1\"></span>2<span class=\"_ _66\"> </span>4,0<span class=\"_ _1bf\"> </span>16<span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>4</span>14<span class=\"_ _1\"></span>6,3Fo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>o sval<span class=\"_ _16\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _25a\"> </span><span class=\"ff29\">(0<span class=\"_ _1\"></span>,6)<span class=\"_ _1fd\"> </span>(0,3<span class=\"_ _1\"></span>)<span class=\"_ _6e\"> </span>(1<span class=\"_ _1\"></span>,3)<span class=\"_ _79\"> </span>(2,6<span class=\"_ _1\"></span>)<span class=\"_ _65\"> </span>(5,1<span class=\"_ _1\"></span>)</span>(0,<span class=\"_ _1\"></span>3)Cr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>diti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>o<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>lie<span class=\"_ _6\"></span>nti<span class=\"_ _269\"> </span><span class=\"ff2a\">6,<span class=\"_ _1\"></span>7<span class=\"_ _14e\"> </span>1<span class=\"_ _2\"></span>,2<span class=\"_ _78\"> </span>0,9<span class=\"_ _78\"> </span>1,<span class=\"_ _2\"></span>4<span class=\"_ _63\"> </span>1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>3</span>14<span class=\"_ _1\"></span>6,0Le altre attivit\u00e0 c<span class=\"_ _2\"></span>orrenti e n<span class=\"_ _2\"></span>on correnti inc<span class=\"_ _1\"></span>ludon<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>: <span class=\"ff24 fc0\">crediti verso l\u2019Erario per <span class=\"_ _3\"></span>complessiv<span class=\"ff21\">i Euro 26,9 m<span class=\"_ _3\"></span>ilioni e verso l<span class=\"_ _3\"></span>o Stato per <span class=\"_ _3\"></span>contributi pubblici per Euro <span class=\"_ _3\"></span>22,8 </span></span>milioni <span class=\"_ _11\"> </span>per <span class=\"_ _12\"> </span>i <span class=\"_ _11\"> </span>quali <span class=\"_ _12\"> </span>i<span class=\"_ _3\"></span>l <span class=\"_ _12\"> </span>ri<span class=\"_ _3\"></span>schio <span class=\"_ _12\"> </span>di <span class=\"_ _11\"> </span>credito <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _11\"> </span>ritenuto <span class=\"_ _12\"> </span>non <span class=\"_ _11\"> </span>significativo <span class=\"_ _12\"> </span>in <span class=\"_ _11\"> </span>considerazione <span class=\"_ _12\"> </span>della <span class=\"_ _11\"> </span>natura <span class=\"_ _12\"> </span>della controparte; <span class=\"ff21 fc0\">anticipi <span class=\"_ _3\"></span><span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>agenti, collaboratori, <span class=\"_ _3\"></span>autori e <span class=\"_ _3\"></span>fornitori <span class=\"_ _3\"></span>per <span class=\"ls9\">Eu<span class=\"ls5\">ro</span></span> <span class=\"_ _3\"></span>18,7 <span class=\"_ _3\"></span>milioni per <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>quali <span class=\"_ _3\"></span><span class=\"ls6\">il</span> rischio <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>credito <span class=\"_ _3\"></span>risulta </span>mitigato dalla possibilit\u00e0 di compens<span class=\"_ _2\"></span>azione con correlati debiti attual<span class=\"_ _2\"></span>i e/o futuri. Tali anticipi sono espressi al<span class=\"_ _2\"></span> netto di un fondo s<span class=\"_ _2\"></span>valutazio<span class=\"_ _2\"></span>ne di Euro 7 milion<span class=\"_ _2\"></span>i. <span class=\"ff21 fc0\">depositi cauziona<span class=\"_ _2\"></span>li e bancari per Euro<span class=\"_ _2\"></span> 3,7 milioni sui qual<span class=\"_ _2\"></span>i il rischio credito \u00e8 <span class=\"_ _2\"></span>ritenuto non si<span class=\"_ _2\"></span>gni<span class=\"_ _1\"></span>fica<span class=\"_ _2\"></span>tiv<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> </span><span class=\"ff21 fc0\">crediti diversi <span class=\"_ _2\"></span>pari a Eu<span class=\"_ _2\"></span>ro 8,8 milion<span class=\"_ _2\"></span>i espressi <span class=\"ls4\">al<span class=\"_ _1\"></span><span class=\"ls0\"> netto di <span class=\"ls7\">un</span> fondo svalutazione <span class=\"ls7\">di</span> Euro 5<span class=\"_ _2\"></span>,3 mil<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span>i </span></span></span><span class=\"ff21 fc0\">I crediti <span class=\"_ _2\"></span>finanziar<span class=\"_ _2\"></span>i corren<span class=\"_ _2\"></span>ti sono <span class=\"_ _1\"></span>pari a Eu<span class=\"_ _2\"></span>ro 1 <span class=\"_ _1\"></span>milione </span><span class=\"ff21 fc0 ls4f\">Il<span class=\"ls0\"> risc<span class=\"_ _2\"></span>hio<span class=\"_ _1\"></span> <span class=\"ls7\">di</span> cr<span class=\"_ _2\"></span>edi<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>rrela<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>alle<span class=\"_ _1\"></span> dis<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>nib<span class=\"_ _2\"></span>il<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>\u00e0 l<span class=\"_ _2\"></span>iqu<span class=\"_ _1\"></span>ide <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>mez<span class=\"_ _2\"></span>zi <span class=\"_ _1\"></span>equi<span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>ti, c<span class=\"_ _2\"></span>on <span class=\"_ _1\"></span><span class=\"ls7\">una<span class=\"_ _3\"></span><span class=\"ls0\"> e<span class=\"_ _1\"></span>spos<span class=\"_ _1\"></span>izione<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>assima teor<span class=\"_ _2\"></span>ica </span></span></span></span>di Euro 54<span class=\"_ _2\"></span>,3 <span class=\"_ _3\"></span>milioni (Euro <span class=\"_ _2\"></span>113 milioni <span class=\"_ _1\"></span><span class=\"ls4\">al<span class=\"_ _3\"></span><span class=\"ls0\"> 31 d<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>cembre <span class=\"_ _2\"></span>2021) \u00e8 <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>itenuto non <span class=\"_ _3\"></span>significat<span class=\"_ _2\"></span>ivo <span class=\"_ _6\"></span>in <span class=\"_ _3\"></span>quanto <span class=\"_ _6\"></span>si <span class=\"_ _3\"></span>tratta <span class=\"_ _6\"></span>di </span></span>depositi frazion<span class=\"_ _2\"></span>ati su diverse is<span class=\"_ _2\"></span>tituzioni banca<span class=\"_ _2\"></span>rie. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1770-2": {
   "value": "42. S<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>umenti<span class=\"_ _2\"></span> <span class=\"_ _16\"></span>finan<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ari <span class=\"_ _2\"></span>inf<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>maz<span class=\"_ _1\"></span>ioni <span class=\"_ _2\"></span>inte<span class=\"_ _1\"></span>grat<span class=\"_ _2\"></span>ive Nella tabel<span class=\"_ _2\"></span>la che <span class=\"_ _1\"></span>segue sono ripor<span class=\"_ _2\"></span>tati i va<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>ori cont<span class=\"_ _2\"></span>abili <span class=\"_ _2\"></span>per ogni <span class=\"_ _1\"></span>classe identificata <span class=\"_ _1\"></span><span class=\"ff24\">dall\u2019<span class=\"_ _3\"></span>IFRS 9, come richiesto<span class=\"_ _1\"></span> </span>dall\u2019IFRS <span class=\"_ _15\"> </span>7. <span class=\"_ _15\"> </span>Tale <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>contabile <span class=\"_ _15\"></span>coincide <span class=\"_ _8\"></span>generalmente <span class=\"_ _8\"></span>con <span class=\"_ _15\"> </span><span class=\"ls6\">la</span> <span class=\"_ _15\"> </span>valutazione <span class=\"_ _8\"></span><span class=\"ls4\">al</span> <span class=\"_ _15\"> </span>costo <span class=\"_ _15\"> </span>ammortizzato <span class=\"_ _8\"></span>delle attivit\u00e0/passivit\u00e0<span class=\"_ _2\"></span> finanziarie, ad eccez<span class=\"_ _2\"></span>ione degli strumenti derivat<span class=\"_ _2\"></span>i e degli altri strumenti di capitale valut<span class=\"_ _3\"></span>ati al fair value<span class=\"ff21\">. </span>In<span class=\"ls0\"> conformit\u00e0 <span class=\"ff24\">all\u2019IFRS</span> 7, i crediti diversi e <span class=\"ls17\">le</span> altre <span class=\"_ _3\"></span>attivit\u00e0 correnti, rappre<span class=\"_ _2\"></span>sentati nella tabella <span class=\"_ _14\"></span>che <span class=\"_ _6\"></span>segue, <span class=\"_ _14\"></span>non </span>includono i c<span class=\"_ _2\"></span>rediti verso <span class=\"_ _2\"></span><span class=\"ff24\">l\u2019Erario,<span class=\"ff21\"> i ra<span class=\"_ _2\"></span>tei e riscon<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>i attivi e i c<span class=\"_ _2\"></span>rediti verso <span class=\"_ _2\"></span>enti pre<span class=\"_ _1\"></span>vide<span class=\"_ _2\"></span>nzi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i.<span class=\"_ _1\"></span> </span></span>Analogamente i<span class=\"_ _2\"></span> debiti dive<span class=\"_ _2\"></span>rsi e altre pa<span class=\"_ _2\"></span>ssivit\u00e0 correnti <span class=\"_ _2\"></span>non includono<span class=\"_ _2\"></span> i debiti ve<span class=\"_ _2\"></span>rso enti previde<span class=\"_ _2\"></span>nziali, i <span class=\"_ _2\"></span>ratei e risconti passivi e l<span class=\"_ _2\"></span>e ferie m<span class=\"_ _2\"></span>aturate e non godu<span class=\"_ _2\"></span>te. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _237\"> </span><span class=\"ff2a\">31/1<span class=\"_ _1\"></span>2/2<span class=\"_ _2\"></span>02<span class=\"_ _1\"></span>2<span class=\"_ _5a\"> </span>31<span class=\"_ _2\"></span>/1<span class=\"_ _2\"></span>2/<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>21</span>ATTIV<span class=\"_ _2\"></span>ITA\u2019 <span class=\"_ _3\"></span>FINAN<span class=\"_ _3\"></span>Z<span class=\"_ _1\"></span>IAR<span class=\"_ _3\"></span>IEAttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> al co<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>am<span class=\"_ _1\"></span>morti<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>toCredi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _cd\"> </span><span class=\"ff29\">0,<span class=\"_ _2\"></span>8<span class=\"_ _26a\"> </span>0,<span class=\"_ _2\"></span>2</span>Al<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _20b\"> </span><span class=\"ff29\">4<span class=\"_ _2\"></span>,3<span class=\"_ _26a\"> </span>4<span class=\"_ _2\"></span>,7</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>om<span class=\"_ _16\"></span>merci<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _f9\"> </span><span class=\"ff29\">2<span class=\"_ _1\"></span>64,<span class=\"_ _2\"></span>3<span class=\"_ _26b\"> </span>28<span class=\"_ _1\"></span>8,8</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>verso con<span class=\"_ _1\"></span>trol<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>, col<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>egate <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>soci<span class=\"_ _1\"></span>ate<span class=\"_ _49\"> </span><span class=\"ff29\">2,6<span class=\"_ _26a\"> </span>2,<span class=\"_ _2\"></span>9</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>versi<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrenti<span class=\"_ _26c\"> </span><span class=\"ff29\">32<span class=\"_ _1\"></span>,1<span class=\"_ _61\"> </span>26<span class=\"_ _1\"></span>,0</span>Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrenti<span class=\"_ _ce\"> </span><span class=\"ff29\">1,<span class=\"_ _2\"></span>0<span class=\"_ _26a\"> </span>0,3</span>Di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>qu<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>de e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>zz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>equ<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>val<span class=\"_ _1\"></span>enti<span class=\"_ _24b\"> </span><span class=\"ff29\">54<span class=\"_ _1\"></span>,3<span class=\"_ _26b\"> </span>11<span class=\"_ _1\"></span>3,0</span>Attiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> al f<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>ue<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>pu<span class=\"_ _1\"></span>tate<span class=\"_ _6\"></span> a co<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>nomicoDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>pertu<span class=\"_ _1\"></span>raAl<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>iAttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> al f<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ir<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>ue<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>pu<span class=\"_ _1\"></span>tate<span class=\"_ _6\"></span> al co<span class=\"_ _3\"></span>nto<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>nomico<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>mp<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _21f\"> </span><span class=\"ff29\">1,3<span class=\"_ _26a\"> </span>0<span class=\"_ _2\"></span>,2</span>Al<span class=\"_ _1\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corrent<span class=\"_ _2\"></span>i<span class=\"_ _26d\"> </span><span class=\"ff29\">5,<span class=\"_ _2\"></span>4<span class=\"_ _26a\"> </span>2,<span class=\"_ _2\"></span>5</span>TOTA<span class=\"_ _3\"></span>LE<span class=\"_ _21e\"> </span><span class=\"ff2a\">3<span class=\"_ _1\"></span>66,2<span class=\"_ _26b\"> </span>4<span class=\"_ _1\"></span>38,<span class=\"_ _2\"></span>6</span>PASS<span class=\"_ _1\"></span>I<span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>ITA<span class=\"_ _3\"></span>\u2019 FIN<span class=\"_ _3\"></span>ANZ<span class=\"_ _1\"></span>I<span class=\"_ _3\"></span>ARI<span class=\"_ _3\"></span>EPa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>tizz<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>toDe<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> pass<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rrenti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _26e\"> </span><span class=\"ff29\">40<span class=\"_ _1\"></span>,0<span class=\"_ _61\"> </span>39<span class=\"_ _1\"></span>,6</span>Al<span class=\"_ _1\"></span>tre pass<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0<span class=\"_ _3\"></span> no<span class=\"_ _1\"></span>n correntiP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>er <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oca<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _144\"> </span><span class=\"ff29\">1<span class=\"_ _2\"></span>33<span class=\"_ _1\"></span>,6<span class=\"_ _26b\"> </span>15<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>9</span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> verso ban<span class=\"_ _2\"></span>cheDe<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nanz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _b9\"> </span><span class=\"ff29\">31<span class=\"_ _1\"></span>,8<span class=\"_ _61\"> </span>36<span class=\"_ _1\"></span>,8</span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _c2\"> </span><span class=\"ff29\">307<span class=\"_ _1\"></span>,1<span class=\"_ _26b\"> </span>29<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>8</span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> verso con<span class=\"_ _2\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>anti<span class=\"_ _16\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gate e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>soci<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _26f\"> </span><span class=\"ff29\">11<span class=\"_ _1\"></span>,8<span class=\"_ _26a\"> </span>7,5</span>De<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _1\"></span> di<span class=\"_ _16\"></span>versi<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tre <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 c<span class=\"_ _3\"></span>orrent<span class=\"_ _2\"></span>i<span class=\"_ _cc\"> </span><span class=\"ff29\">3<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>8<span class=\"_ _61\"> </span>4<span class=\"_ _1\"></span>2,1</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>correnti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ocazi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _4b\"> </span><span class=\"ff29\">28<span class=\"_ _1\"></span>,8<span class=\"_ _61\"> </span>29<span class=\"_ _1\"></span>,9</span>Pa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> im<span class=\"_ _2\"></span>pu<span class=\"_ _1\"></span>tate<span class=\"_ _6\"></span> a c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nto e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>no<span class=\"_ _3\"></span>mi<span class=\"_ _2\"></span>coDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>n d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>pertu<span class=\"_ _1\"></span>raPa<span class=\"_ _1\"></span>s<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>ivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> im<span class=\"_ _2\"></span>pu<span class=\"_ _1\"></span>tate<span class=\"_ _6\"></span> al co<span class=\"_ _3\"></span>nto<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>nomico<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>mp<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _270\"> </span><span class=\"ff29\">0,<span class=\"_ _2\"></span>4</span>TOTA<span class=\"_ _3\"></span>LE<span class=\"_ _21e\"> </span><span class=\"ff2a\">5<span class=\"_ _1\"></span>91,9<span class=\"_ _26b\"> </span>6<span class=\"_ _1\"></span>10,<span class=\"_ _2\"></span>0</span>Tra <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>valutate <span class=\"_ _16\"></span>al <span class=\"_ _2\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">imputate <span class=\"_ _16\"></span>a <span class=\"_ _2\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _16\"></span>complessivo <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>classificati <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>titoli </span></span>e <span class=\"ls17\">le</span> <span class=\"_ _2\"></span>partecipazioni <span class=\"_ _1\"></span>che non <span class=\"_ _1\"></span>sono<span class=\"_ _3\"></span> n\u00e9<span class=\"_ _1\"></span> di control<span class=\"_ _2\"></span>lo, n\u00e9<span class=\"_ _2\"></span> <span class=\"ls7\">di</span> collega<span class=\"_ _2\"></span>mento, n\u00e9 di <span class=\"_ _2\"></span>trading defini<span class=\"_ _2\"></span>ti come al<span class=\"_ _2\"></span>tri strument<span class=\"_ _2\"></span>i di <span class=\"_ _14\"></span>capitale. <span class=\"_ _7\"></span>La <span class=\"_ _14\"></span>scelta <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>valutare <span class=\"_ _14\"></span>lo <span class=\"_ _7\"></span>strumento<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value <span class=\"_ _14\"></span></span>con <span class=\"_ _7\"></span>variazioni <span class=\"_ _14\"></span>rilevate <span class=\"_ _14\"></span>nelle <span class=\"_ _7\"></span>altre<span class=\"_ _2\"></span> componenti di c<span class=\"_ _2\"></span>onto econo<span class=\"_ _2\"></span>mico comp<span class=\"_ _1\"></span>less<span class=\"_ _1\"></span>ivo.<span class=\"_ _1\"></span> In <span class=\"_ _14\"></span>r<span class=\"_ _3\"></span>elazione <span class=\"_ _14\"></span>agli <span class=\"_ _14\"></span>strumenti <span class=\"_ _14\"></span>finanziari <span class=\"_ _14\"></span>rilevati <span class=\"_ _14\"></span>nella <span class=\"_ _14\"></span>situazione <span class=\"_ _14\"></span>patrimoniale <span class=\"_ _14\"></span>finanziaria <span class=\"_ _14\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span>fair <span class=\"_ _7\"> </span>val<span class=\"_ _3\"></span>ue <span class=\"_ _7\"></span>l\u2019IFRS7 richiede che <span class=\"_ _3\"></span>tali valori <span class=\"_ _3\"></span>siano classificati sulla <span class=\"_ _3\"></span>base della <span class=\"_ _3\"></span>gerarchia di <span class=\"_ _3\"></span>livelli che <span class=\"_ _3\"></span>evidenzi i <span class=\"_ _3\"></span>valori <span class=\"_ _3\"></span>uti<span class=\"_ _3\"></span>lizzati <span class=\"_ _3\"></span>per la determinazio<span class=\"_ _2\"></span>ne del fair v<span class=\"_ _2\"></span>alue. In<span class=\"ls0\"> <span class=\"_ _16\"></span>confor<span class=\"_ _3\"></span>mit\u00e0 <span class=\"_ _16\"></span><span class=\"ff24\">all\u2019IFRS<span class=\"ff21\"> <span class=\"_ _16\"></span>7, <span class=\"_ _1\"></span><span class=\"ls34\">si<span class=\"ls0\"> <span class=\"_ _16\"></span>r<span class=\"_ _3\"></span>iportano <span class=\"_ _16\"></span>di <span class=\"_ _16\"></span>seguito <span class=\"_ _1\"></span>gli <span class=\"_ _16\"></span>effetti <span class=\"_ _1\"></span>degli <span class=\"_ _16\"></span>strumenti <span class=\"_ _16\"></span>f<span class=\"_ _3\"></span>inanziari <span class=\"_ _16\"></span>prodotti <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>economico </span></span></span></span></span>e pat<span class=\"_ _2\"></span>rimonio <span class=\"_ _2\"></span>netto <span class=\"_ _1\"></span>che comprendo<span class=\"_ _2\"></span>no pr<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ncipalmente <span class=\"_ _1\"></span>gli utili <span class=\"_ _1\"></span>e le <span class=\"_ _1\"></span>perdite derivan<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span>dall\u2019acquisto <span class=\"_ _1\"></span>e dalla <span class=\"_ _1\"></span>vendita di <span class=\"_ _14\"></span>attivit\u00e0 <span class=\"_ _14\"></span>o <span class=\"_ _14\"></span>passivit\u00e0 <span class=\"_ _14\"></span>finanzia<span class=\"_ _2\"></span>rie <span class=\"_ _14\"></span>nonch\u00e9 <span class=\"_ _14\"></span>dalle <span class=\"_ _14\"></span>variazioni <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _14\"></span>valore <span class=\"_ _14\"></span>degli <span class=\"_ _14\"></span>strumen<span class=\"_ _2\"></span>ti <span class=\"_ _14\"></span>finanziari <span class=\"_ _14\"></span>valutati <span class=\"_ _14\"></span>al <span class=\"_ _7\"></span><span class=\"ff26\">fair </span>value <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>dagli <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>nteressi <span class=\"_ _1\"></span>attivi/ <span class=\"_ _2\"></span>passivi <span class=\"_ _1\"></span>maturati sul<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>attivit\u00e0/passivi<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _2\"></span>finanziarie <span class=\"_ _1\"></span>valutate a<span class=\"_ _2\"></span>l cos<span class=\"_ _2\"></span>to a<span class=\"_ _2\"></span>mmortizzato<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span> No<span class=\"_ _3\"></span>ta<span class=\"_ _6a\"> </span><span class=\"ff2a\">31<span class=\"_ _1\"></span>/12<span class=\"_ _2\"></span>/2<span class=\"_ _1\"></span>022<span class=\"_ _a3\"> </span>31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _2\"></span>21</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>tti (pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>dite<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tte<span class=\"_ _14\"></span>) r<span class=\"_ _2\"></span>ile<span class=\"_ _6\"></span>vati s<span class=\"_ _6\"></span>u a<span class=\"_ _1\"></span>ttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ai<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>ue<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>ll\u2019u<span class=\"_ _1\"></span>tile<span class=\"_ _6\"></span> (pe<span class=\"_ _6\"></span>rd<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>) di e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>ioAltr<span class=\"_ _1\"></span>i s<span class=\"_ _6\"></span>tru<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nti d<span class=\"_ _2\"></span>i cap<span class=\"_ _1\"></span>ital<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>da e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>naz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>tab<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _275\"> </span><span class=\"ff29 ls7b\">10</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>tti (pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>dite<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tte<span class=\"_ _14\"></span>) r<span class=\"_ _2\"></span>ile<span class=\"_ _6\"></span>vati s<span class=\"_ _6\"></span>u a<span class=\"_ _1\"></span>ttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>to<span class=\"_ _3\"></span> a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>rti<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>toAttivit\u00e0 f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _16\"></span>ieAcc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ento<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> fon<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> s<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>ut<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _276\"> </span><span class=\"ff29\">8<span class=\"_ _af\"> </span>(1,<span class=\"_ _2\"></span>2)<span class=\"_ _277\"> </span>(0,<span class=\"_ _2\"></span>9)</span>Uti<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>(perd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>te) <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>eri<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> dal<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>'e<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>mi<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tabi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>merci<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>ers<span class=\"_ _3\"></span>i<span class=\"_ _8a\"> </span><span class=\"ff29 fc1\">9<span class=\"_ _af\"> </span>(0,1<span class=\"_ _1\"></span>)</span>Uti<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>(perd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>te) <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>eri<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> dal<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>'e<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>mi<span class=\"_ _16\"></span>n<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tabi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e3\"> </span><span class=\"ff29 fc1 ls7b\">10<span class=\"_ _af\"> </span><span class=\"ls0\">(0,3<span class=\"_ _1\"></span>)</span></span>Sv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ut<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>ari<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _16\"></span>presi<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span> ri<span class=\"_ _1\"></span>pri<span class=\"_ _16\"></span>sti<span class=\"_ _16\"></span>ni<span class=\"_ _278\"> </span>10<span class=\"_ _af\"> </span><span class=\"ls0\">(0,1<span class=\"_ _2\"></span>)<span class=\"_ _277\"> </span>(0,1<span class=\"_ _2\"></span>)</span>Pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>da e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>naz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>tab<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _275\"> </span><span class=\"ff29 ls7b\">11</span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>da ri<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>ego<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _cc\"> </span><span class=\"ff29 ls7b\">11</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>tti (pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>dite<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tte<span class=\"_ _14\"></span>) r<span class=\"_ _2\"></span>ile<span class=\"_ _6\"></span>vati s<span class=\"_ _6\"></span>u in<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>tim<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nti<span class=\"_ _2\"></span> in s<span class=\"_ _6\"></span>tr<span class=\"_ _1\"></span>um<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nti di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>pi<span class=\"_ _2\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>ti al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ai<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>ue<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>ile<span class=\"_ _3\"></span>v<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>l co<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> e<span class=\"_ _14\"></span>co<span class=\"_ _3\"></span>nomico <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>pl<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivoAltr<span class=\"_ _1\"></span>i s<span class=\"_ _6\"></span>tru<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nti d<span class=\"_ _2\"></span>i cap<span class=\"_ _1\"></span>ital<span class=\"_ _2\"></span>ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>da vari<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _16\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>r <span class=\"_ _3\"></span>val<span class=\"_ _16\"></span>ue<span class=\"_ _26f\"> </span><span class=\"ff29 ls7b\">18<span class=\"_ _11d\"> </span><span class=\"ls0\">(0,1<span class=\"_ _1\"></span>)</span></span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>tti (pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>dite<span class=\"_ _6\"></span> ne<span class=\"_ _6\"></span>tte<span class=\"_ _14\"></span>) r<span class=\"_ _2\"></span>ile<span class=\"_ _6\"></span>vati s<span class=\"_ _6\"></span>u d<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>ati cas<span class=\"_ _3\"></span>h f<span class=\"_ _1\"></span>lo<span class=\"_ _3\"></span>w<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>he<span class=\"_ _6\"></span>dgeDe<span class=\"_ _6\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ti di<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ad<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>pu<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _16\"></span>pl<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vo<span class=\"_ _72\"> </span>33<span class=\"_ _d7\"> </span><span class=\"ls0\">1<span class=\"_ _2\"></span>,7<span class=\"_ _b0\"> </span>0,6</span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>cui<span class=\"_ _16\"></span> uti<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> (perd<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ta) <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>pu<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1f0\"> </span>11<span class=\"_ _af\"> </span><span class=\"ls0\">(0,<span class=\"_ _2\"></span>2)<span class=\"_ _277\"> </span>(0,<span class=\"_ _1\"></span>5)</span>Inte<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>i attivi (pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivi) al<span class=\"_ _2\"></span> tas<span class=\"_ _3\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _6\"></span> di<span class=\"_ _2\"></span> inte<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span> e<span class=\"_ _6\"></span>f<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ttivo<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ati s<span class=\"_ _6\"></span>ul<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> atti<span class=\"_ _1\"></span>v<span class=\"_ _6\"></span>it\u00e0<span class=\"_ _1\"></span>/pa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span> no<span class=\"_ _3\"></span>n a<span class=\"_ _1\"></span>l FV<span class=\"_ _1\"></span>PTLIn<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>su cre<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>/fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>enti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costo<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>amm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _16\"></span>z<span class=\"_ _1\"></span>zato<span class=\"_ _279\"> </span>11<span class=\"_ _d7\"> </span><span class=\"ls0\">0<span class=\"_ _2\"></span>,2<span class=\"_ _b0\"> </span>0,1</span>In<span class=\"_ _2\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span> passi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su p<span class=\"_ _2\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>vi<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>osto<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ort<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>zz<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>to<span class=\"_ _27a\"> </span>11<span class=\"_ _af\"> </span><span class=\"ls0\">(1,7<span class=\"_ _2\"></span>)<span class=\"_ _277\"> </span>(1,8<span class=\"_ _2\"></span>)</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tratti<span class=\"_ _16\"></span> di<span class=\"_ _16\"></span> l<span class=\"_ _1\"></span>ocaz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _fa\"> </span>11<span class=\"_ _7a\"> </span><span class=\"ls0\">(3,<span class=\"_ _2\"></span>2)<span class=\"_ _277\"> </span>(3,<span class=\"_ _2\"></span>2)</span>Sp<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>mm<span class=\"_ _1\"></span>is<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>ioni non in<span class=\"_ _2\"></span>clus<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span> ne<span class=\"_ _6\"></span>l tas<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span> di in<span class=\"_ _1\"></span>te<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span> e<span class=\"_ _14\"></span>f<span class=\"_ _16\"></span>f<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ttivoP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>costo<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>amm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _16\"></span>z<span class=\"_ _1\"></span>zato<span class=\"_ _fd\"> </span>11<span class=\"_ _7a\"> </span><span class=\"ls0\">(5,<span class=\"_ _1\"></span>0)<span class=\"_ _eb\"> </span>(5<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>)</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1780-3": {
   "value": "Tra <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>valutate <span class=\"_ _16\"></span>al <span class=\"_ _2\"></span><span class=\"ff26\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff21\">imputate <span class=\"_ _16\"></span>a <span class=\"_ _2\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _16\"></span>complessivo <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>classificati <span class=\"_ _16\"></span>i <span class=\"_ _1\"></span>titoli </span></span>e <span class=\"ls17\">le</span> <span class=\"_ _2\"></span>partecipazioni <span class=\"_ _1\"></span>che non <span class=\"_ _1\"></span>sono<span class=\"_ _3\"></span> n\u00e9<span class=\"_ _1\"></span> di control<span class=\"_ _2\"></span>lo, n\u00e9<span class=\"_ _2\"></span> <span class=\"ls7\">di</span> collega<span class=\"_ _2\"></span>mento, n\u00e9 di <span class=\"_ _2\"></span>trading defini<span class=\"_ _2\"></span>ti come al<span class=\"_ _2\"></span>tri strument<span class=\"_ _2\"></span>i di <span class=\"_ _14\"></span>capitale. <span class=\"_ _7\"></span>La <span class=\"_ _14\"></span>scelta <span class=\"_ _14\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _14\"></span>\u00e8 <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>valutare <span class=\"_ _14\"></span>lo <span class=\"_ _7\"></span>strumento<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>al <span class=\"_ _7\"></span><span class=\"ff26\">fair <span class=\"_ _7\"></span>value <span class=\"_ _14\"></span></span>con <span class=\"_ _7\"></span>variazioni <span class=\"_ _14\"></span>rilevate <span class=\"_ _14\"></span>nelle <span class=\"_ _7\"></span>altre<span class=\"_ _2\"></span> componenti di c<span class=\"_ _2\"></span>onto econo<span class=\"_ _2\"></span>mico comp<span class=\"_ _1\"></span>less<span class=\"_ _1\"></span>ivo.<span class=\"_ _1\"></span> In <span class=\"_ _14\"></span>r<span class=\"_ _3\"></span>elazione <span class=\"_ _14\"></span>agli <span class=\"_ _14\"></span>strumenti <span class=\"_ _14\"></span>finanziari <span class=\"_ _14\"></span>rilevati <span class=\"_ _14\"></span>nella <span class=\"_ _14\"></span>situazione <span class=\"_ _14\"></span>patrimoniale <span class=\"_ _14\"></span>finanziaria <span class=\"_ _14\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _14\"></span>fair <span class=\"_ _7\"> </span>val<span class=\"_ _3\"></span>ue <span class=\"_ _7\"></span>l\u2019IFRS7 richiede che <span class=\"_ _3\"></span>tali valori <span class=\"_ _3\"></span>siano classificati sulla <span class=\"_ _3\"></span>base della <span class=\"_ _3\"></span>gerarchia di <span class=\"_ _3\"></span>livelli che <span class=\"_ _3\"></span>evidenzi i <span class=\"_ _3\"></span>valori <span class=\"_ _3\"></span>uti<span class=\"_ _3\"></span>lizzati <span class=\"_ _3\"></span>per la determinazio<span class=\"_ _2\"></span>ne del fair v<span class=\"_ _2\"></span>alue. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1787-3": {
   "value": "I livelli sono dis<span class=\"_ _2\"></span>tinti in: <span class=\"ff21 fs2 fc0\">Livello 1: Pr<span class=\"_ _2\"></span>ezzi quotati (n<span class=\"_ _2\"></span>on rettificati) su<span class=\"_ _2\"></span>i mercati att<span class=\"_ _2\"></span>ivi per attivit\u00e0<span class=\"_ _2\"></span> o passiv<span class=\"_ _2\"></span>it\u00e0 ide<span class=\"_ _1\"></span>ntiche<span class=\"_ _1\"></span>; </span><span class=\"ff21 fs2 fc0\">Livello 2: Dati <span class=\"_ _3\"></span><span class=\"ls7\">di</span> input <span class=\"_ _3\"></span>diversi dai prezzi quotati (di cui <span class=\"ls3\">al</span> livello 1) osservabili per <span class=\"ff24\">l\u2019attivit\u00e0 o la passivit\u00e0 sia </span></span>direttamente (co<span class=\"_ _2\"></span>me nel caso dei p<span class=\"_ _2\"></span>rezzi) sia ind<span class=\"_ _2\"></span>irettamente <span class=\"_ _2\"></span>(cio\u00e8 in quanto d<span class=\"_ _2\"></span>erivati dai prez<span class=\"_ _2\"></span>zi); Livello 3: Dati di input r<span class=\"_ _2\"></span>elativi all\u2019attivi<span class=\"_ _2\"></span>t\u00e0 o alla passiv<span class=\"_ _2\"></span>it\u00e0 non basat<span class=\"_ _2\"></span>i su dati di mer<span class=\"_ _2\"></span>cato <span class=\"_ _3\"></span>os<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>vab<span class=\"_ _1\"></span>ili.<span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1792-2": {
   "value": "Di seguito le attiv<span class=\"_ _2\"></span>it\u00e0 e passivit<span class=\"_ _2\"></span>\u00e0 che sono valutate a<span class=\"_ _2\"></span>l fair value per<span class=\"_ _2\"></span> livello ge<span class=\"_ _1\"></span>rarch<span class=\"_ _1\"></span>ico.<span class=\"_ _2\"></span> G<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>hia<span class=\"_ _1\"></span> di v<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>lu<span class=\"_ _1\"></span>taz<span class=\"_ _1\"></span>ione<span class=\"_ _14\"></span> de<span class=\"_ _6\"></span>l f<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ir<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ue<span class=\"_ _6\"></span> pe<span class=\"_ _6\"></span>r cate<span class=\"_ _6\"></span>g<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _6\"></span> di Live<span class=\"_ _14\"></span>llo <span class=\"_ _3\"></span>1<span class=\"_ _1c2\"> </span>Liv<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>llo 2<span class=\"_ _69\"> </span>Li<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>ll<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span> 3<span class=\"_ _165\"> </span>To<span class=\"_ _3\"></span>tal<span class=\"_ _2\"></span>es<span class=\"_ _6\"></span>tr<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nti f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i a<span class=\"_ _2\"></span>l 3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _6\"></span>22ATTIV<span class=\"_ _1\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _1\"></span>IAR<span class=\"_ _3\"></span>IEAtti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fai<span class=\"_ _1\"></span>r val<span class=\"_ _16\"></span>ue i<span class=\"_ _16\"></span>mp<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>om<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _1a3\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _261\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fai<span class=\"_ _1\"></span>r val<span class=\"_ _16\"></span>ue i<span class=\"_ _16\"></span>mp<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>om<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _16\"></span>pl<span class=\"_ _16\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span>voAl<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>prese<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>ati<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _271\"> </span>0<span class=\"_ _1\"></span>,3<span class=\"_ _219\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _89\"> </span>5,<span class=\"_ _16\"></span>4TOTALE<span class=\"_ _103\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _d7\"> </span>1<span class=\"_ _3\"></span>,3<span class=\"_ _1fe\"> </span>5<span class=\"_ _3\"></span>,1<span class=\"_ _32\"> </span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7PAS<span class=\"_ _2\"></span>SIV<span class=\"_ _16\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _1\"></span>IAR<span class=\"_ _3\"></span>IEP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>r <span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>utate a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>to ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _16\"></span>pl<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>voDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _1a3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _261\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4TOTALE<span class=\"_ _4e\"> </span>0,<span class=\"_ _3\"></span>4<span class=\"_ _1ef\"> </span>0,4G<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>ar<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>hia<span class=\"_ _1\"></span> di v<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>lu<span class=\"_ _1\"></span>taz<span class=\"_ _1\"></span>ione<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _6\"></span>l f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lue<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span>g<span class=\"_ _6\"></span>ori<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>di Live<span class=\"_ _14\"></span>llo <span class=\"_ _3\"></span>1<span class=\"_ _118\"> </span>Live<span class=\"_ _14\"></span>llo 2<span class=\"_ _69\"> </span>Live<span class=\"_ _14\"></span>llo <span class=\"_ _3\"></span>3<span class=\"_ _165\"> </span>To<span class=\"_ _3\"></span>tal<span class=\"_ _2\"></span>es<span class=\"_ _6\"></span>tr<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nti f<span class=\"_ _16\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1ATTIV<span class=\"_ _1\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _1\"></span>IAR<span class=\"_ _3\"></span>IEAtti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fa<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>r val<span class=\"_ _16\"></span>ue i<span class=\"_ _16\"></span>mp<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>tate <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra0<span class=\"_ _3\"></span>,2<span class=\"_ _271\"> </span>0<span class=\"_ _3\"></span>,2Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fa<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>r val<span class=\"_ _16\"></span>ue i<span class=\"_ _16\"></span>mp<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>tate <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _16\"></span>pl<span class=\"_ _16\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _16\"></span>voAl<span class=\"_ _16\"></span>tri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>rapp<span class=\"_ _1\"></span>re<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>pi<span class=\"_ _0\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _22c\"> </span>0,<span class=\"_ _16\"></span>3<span class=\"_ _272\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _89\"> </span>2,<span class=\"_ _16\"></span>4TOTALE<span class=\"_ _273\"> </span>0<span class=\"_ _3\"></span>,3<span class=\"_ _1f7\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _1fe\"> </span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _32\"> </span>2<span class=\"_ _6\"></span>,6PAS<span class=\"_ _2\"></span>SIV<span class=\"_ _16\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _1\"></span>IAR<span class=\"_ _3\"></span>IEP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>r <span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>pu<span class=\"_ _1\"></span>tate<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>to ec<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _16\"></span>pl<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>voDe<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>vati<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra<span class=\"_ _94\"> </span>0,<span class=\"_ _16\"></span>4<span class=\"_ _229\"> </span>0,<span class=\"_ _16\"></span>4TOTALE<span class=\"_ _1a4\"> </span>0,<span class=\"_ _3\"></span>4<span class=\"_ _274\"> </span>0<span class=\"_ _3\"></span>,4",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1800-2": {
   "value": "43<span class=\"ls0\">.<span class=\"fc0\"> V<span class=\"_ _1\"></span>ariaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>net<span class=\"_ _2\"></span>ta <span class=\"_ _2\"></span>dei<span class=\"_ _2\"></span> de<span class=\"_ _2\"></span>bit<span class=\"_ _1\"></span>i fin<span class=\"_ _2\"></span>anz<span class=\"_ _1\"></span>iari e<span class=\"_ _1\"></span> di a<span class=\"_ _2\"></span>ltre<span class=\"_ _1\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 f<span class=\"_ _1\"></span>inanz<span class=\"_ _1\"></span>iarie <span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>pre<span class=\"_ _1\"></span>ssa ne<span class=\"_ _1\"></span>l ren<span class=\"_ _2\"></span>dic<span class=\"_ _1\"></span>onto </span></span>fi<span class=\"_ _2\"></span>nanz<span class=\"_ _1\"></span>iario Si riportano <span class=\"_ _2\"></span>di segu<span class=\"_ _2\"></span>ito le va<span class=\"_ _2\"></span>riazioni de<span class=\"_ _2\"></span>i debiti <span class=\"_ _2\"></span>finanziari <span class=\"_ _1\"></span>e delle altre attivit\u00e0 finanziarie. <span class=\"_ _1\"></span>La tabella consen<span class=\"_ _2\"></span>te di riconciliare i<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>monetari <span class=\"_ _3\"></span>espressi <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>rendiconto <span class=\"_ _3\"></span>finanziario <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>il <span class=\"_ _6\"></span>totale <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>variazioni <span class=\"_ _3\"></span>registrate, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>il periodo in esame, ne<span class=\"_ _2\"></span>l prospetto re<span class=\"_ _2\"></span>lativo allo stato p<span class=\"_ _2\"></span>atrimoniale con<span class=\"_ _2\"></span>solidato. De<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>cr<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _270\"> </span><span class=\"ff2a\">3<span class=\"_ _1\"></span>1/1<span class=\"_ _1\"></span>2/2<span class=\"_ _2\"></span>02<span class=\"_ _1\"></span>2</span>31<span class=\"_ _1\"></span>/12<span class=\"_ _1\"></span>/20<span class=\"_ _2\"></span>21Flu<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>i d<span class=\"_ _2\"></span>i                V<span class=\"_ _16\"></span>ar<span class=\"_ _16\"></span>ia<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i n<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ta<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _3\"></span>               cas<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>aIncr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>me<span class=\"_ _3\"></span>nti V<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>oni ar<span class=\"_ _16\"></span>e<span class=\"_ _14\"></span>a<span class=\"_ _2\"></span> di Altr<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span> ne<span class=\"_ _6\"></span>tti le<span class=\"_ _6\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _6\"></span>sco<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ntov<span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iaz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>niDebi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>nanz<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _27b\"> </span><span class=\"ff29\">-<span class=\"_ _240\"> </span>71<span class=\"_ _1\"></span>,8</span>76<span class=\"_ _1\"></span>,0(5,<span class=\"_ _2\"></span>0)-0,<span class=\"_ _2\"></span>8Credi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> fi<span class=\"_ _1\"></span>nan<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _224\"> </span>-<span class=\"_ _27c\"> </span><span class=\"ff29\">(1,<span class=\"_ _2\"></span>0)</span>(0,<span class=\"_ _2\"></span>2)(0,<span class=\"_ _2\"></span>1)-(0,<span class=\"_ _2\"></span>7)Deri<span class=\"_ _1\"></span>vati<span class=\"_ _27d\"> </span>-<span class=\"_ _27c\"> </span><span class=\"ff29\">(1<span class=\"_ _1\"></span>,3)</span>0,<span class=\"_ _2\"></span>2-(1,<span class=\"_ _2\"></span>5)-V<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>one<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>tta<span class=\"_ _2\"></span> de<span class=\"_ _6\"></span>i de<span class=\"_ _6\"></span>bi<span class=\"_ _2\"></span>ti 76<span class=\"_ _1\"></span>,0(5,<span class=\"_ _2\"></span>1)-<span class=\"_ _240\"> </span><span class=\"ff2a\">69<span class=\"_ _1\"></span>,5</span>(1,<span class=\"_ _2\"></span>5)0,<span class=\"_ _2\"></span>1f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _1\"></span>i e<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>di a<span class=\"_ _1\"></span>ltr<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> (attivit\u00e0<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _6\"></span>)Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>po<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>de<span class=\"_ _27e\"> </span>-<span class=\"_ _240\"> </span><span class=\"ff29\">54<span class=\"_ _1\"></span>,3</span>11<span class=\"_ _1\"></span>3,0(58<span class=\"_ _1\"></span>,7)--Debi<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>corrent<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>erso ban<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>he<span class=\"_ _5f\"> </span>-<span class=\"_ _e6\"> </span>-----Dis<span class=\"_ _6\"></span>ponib<span class=\"_ _1\"></span>ilit\u00e0<span class=\"_ _1\"></span> liqu<span class=\"_ _1\"></span>ide<span class=\"_ _6\"></span> e<span class=\"_ _14\"></span> me<span class=\"_ _6\"></span>z<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span> 11<span class=\"_ _1\"></span>3,0(58<span class=\"_ _1\"></span>,7)-<span class=\"_ _240\"> </span><span class=\"ff2a\">54<span class=\"_ _1\"></span>,3</span>--e<span class=\"_ _6\"></span>qui<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>ale<span class=\"_ _6\"></span>ntiInd<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>bita<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>nto <span class=\"_ _3\"></span>(dis<span class=\"_ _3\"></span>ponib<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _1\"></span>) (37<span class=\"_ _1\"></span>,0)53<span class=\"_ _1\"></span>,6-<span class=\"_ _240\"> </span><span class=\"ff2a\">15<span class=\"_ _1\"></span>,2</span>(1,<span class=\"_ _2\"></span>5)0,<span class=\"_ _2\"></span>1f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _16\"></span>iar<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span>ttoPa<span class=\"_ _1\"></span>s<span class=\"_ _6\"></span>s<span class=\"_ _14\"></span>ivit\u00e0<span class=\"_ _2\"></span> pe<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>be<span class=\"_ _6\"></span>ni in<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>le<span class=\"_ _6\"></span>as<span class=\"_ _3\"></span>ing<span class=\"_ _172\"> </span><span class=\"ff2a\">4,5<span class=\"_ _1f0\"> </span>1<span class=\"_ _1\"></span>62<span class=\"_ _2\"></span>,4</span>18<span class=\"_ _1\"></span>4,8(26<span class=\"_ _1\"></span>,9)--Si<span class=\"ls0\"> <span class=\"_ _6\"></span>evidenzia <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>i <span class=\"_ _14\"></span>debit<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>verso <span class=\"_ _6\"></span>banche <span class=\"_ _6\"></span><span class=\"ls6\">in</span> <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>corrente, <span class=\"_ _6\"></span>come <span class=\"_ _6\"></span>previsto <span class=\"_ _6\"></span>dai <span class=\"_ _14\"></span>princi<span class=\"_ _2\"></span>pi <span class=\"_ _14\"></span>cont<span class=\"_ _2\"></span>abili <span class=\"_ _7\"></span>internazional<span class=\"_ _2\"></span>i, </span>concorrono alla <span class=\"_ _2\"></span>variazione <span class=\"_ _2\"></span>delle disponibil<span class=\"_ _2\"></span>it\u00e0 liquide e <span class=\"_ _2\"></span>mezzi equivalent<span class=\"_ _2\"></span>i. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1824-2": {
   "value": "45. F<span class=\"_ _1\"></span>atti <span class=\"_ _1\"></span>di ril<span class=\"_ _2\"></span>ie<span class=\"_ _2\"></span>vo a<span class=\"_ _1\"></span>ccadut<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>dal<span class=\"_ _2\"></span>la <span class=\"_ _1\"></span>chius<span class=\"_ _2\"></span>ura<span class=\"_ _1\"></span> dell\u2019e<span class=\"_ _2\"></span>se<span class=\"_ _2\"></span>rc<span class=\"_ _2\"></span>izi<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> Non <span class=\"ls4a\">si</span> <span class=\"_ _2\"></span>sono <span class=\"_ _1\"></span>verificati event<span class=\"_ _2\"></span>i success<span class=\"_ _2\"></span>ivi <span class=\"_ _2\"></span>alla c<span class=\"_ _2\"></span>hiusura <span class=\"_ _1\"></span><span class=\"ff24\">dell\u2019esercizio<span class=\"ff21\"> t<span class=\"_ _2\"></span>ali da<span class=\"_ _1\"></span> richiedere <span class=\"_ _1\"></span>r<span class=\"_ _3\"></span>ettifiche <span class=\"_ _3\"></span>ai valori esposti </span></span>rispetto <span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>quanto <span class=\"_ _1\"></span>gi\u00e0 <span class=\"_ _1\"></span>riportato <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>presente <span class=\"_ _1\"></span>Relazione <span class=\"_ _1\"></span>Finanziaria <span class=\"_ _16\"></span>Annu<span class=\"_ _1\"></span>ale.<span class=\"_ _2\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1833-2": {
   "value": "ELENCO PARTECIPAZIONI <span class=\"ls52\">DI</span> <span class=\"_ _2\"></span>GRUPPO AL <span class=\"_ _1\"></span>31 DICEMBRE <span class=\"ls14\">2022</span> Allegato 1<span class=\"_ _1\"></span> Nelle <span class=\"_\"> </span>seguenti <span class=\"_ _280\"> </span>tabelle <span class=\"_\"> </span>si <span class=\"_\"> </span>riporta <span class=\"_\"> </span>l\u2019elenco <span class=\"_\"> </span>delle <span class=\"_\"> </span>imp<span class=\"_ _3\"></span>rese <span class=\"_\"> </span>del <span class=\"_\"> </span>Gruppo <span class=\"_ _280\"> </span><span class=\"ff2b\">Cairo <span class=\"_\"> </span>Com<span class=\"_ _3\"></span>munication <span class=\"_\"> </span>con <span class=\"_ _12\"> </span></span>l\u2019indicazion<span class=\"_ _3\"></span>e <span class=\"_ _15\"> </span>della<span class=\"_ _3\"></span> denominaz<span class=\"_ _3\"></span>ione, <span class=\"_ _16\"></span>della <span class=\"_ _16\"></span>sed<span class=\"_ _3\"></span>e, <span class=\"_ _16\"></span>del <span class=\"_ _16\"></span>capitale <span class=\"_ _16\"></span>sociale <span class=\"_ _16\"></span>delle<span class=\"_ _3\"></span> <span class=\"_ _16\"></span>quote <span class=\"_ _1\"></span>possedute <span class=\"_ _1\"></span>direttam<span class=\"_ _3\"></span>ente <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>indirettamente <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>contro<span class=\"_ _3\"></span>llante <span class=\"_ _1\"></span>Cairo Communication<span class=\"_ _3\"></span> S.p.A. e <span class=\"_ _1\"></span><span class=\"lsb\">da<span class=\"ls0\"> ciascuna delle controllate, d<span class=\"_ _3\"></span>elle modalit\u00e0 di consolidam<span class=\"_ _3\"></span>ento.<span class=\"_ _3\"></span> </span></span>Socie<span class=\"_ _6\"></span>t\u00e0<span class=\"_ _a2\"> </span>Se<span class=\"_ _3\"></span>deCap<span class=\"_ _1\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>taSocie<span class=\"_ _6\"></span>t\u00e0 pa<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _14\"></span>ci-% Par<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>ip.% Ar<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a di<span class=\"_ _2\"></span> attivit\u00e0Cr<span class=\"_ _2\"></span>ite<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>di<span class=\"_ _2\"></span> s<span class=\"_ _6\"></span>oc<span class=\"_ _3\"></span>ial<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> al pa<span class=\"_ _1\"></span>ntedi<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>ttaCo<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lid.co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>olida31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>22me<span class=\"_ _3\"></span>ntoCai<span class=\"_ _1\"></span>ro Com<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>uni<span class=\"_ _16\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n S<span class=\"_ _2\"></span>.p.A.<span class=\"_ _162\"> </span>Mi<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _19\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>.98<span class=\"_ _1\"></span>9.66<span class=\"_ _1\"></span>3<span class=\"_ _25\"> </span><span class=\"fc0\">E<span class=\"_ _1\"></span>uro</span></span>P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _24c\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _1\"></span>eCai<span class=\"_ _1\"></span>ro Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tore S.p.A. <span class=\"_ _e3\"> </span>M<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _19\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.04<span class=\"_ _1\"></span>3.25<span class=\"_ _1\"></span>6<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _1\"></span>ro 99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>5<span class=\"_ _9\"> </span>99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>95Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>In<span class=\"_ _1\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _16\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.La 7 S.p.A.<span class=\"_ _282\"> </span>Ro<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _2b\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>02<span class=\"_ _1\"></span>0.0<span class=\"_ _2\"></span>00<span class=\"_ _283\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _1\"></span>ro 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _284\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>va<span class=\"_ _a\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _16\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.Cai<span class=\"_ _1\"></span>roRCS<span class=\"_ _2\"></span> Medi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> S.p.A.<span class=\"_ _79\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _285\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>0.0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _283\"> </span><span class=\"fc0\">Euro</span></span>Cai<span class=\"_ _1\"></span>ro 50<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0Co<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.79<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>5P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0Int<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gral<span class=\"_ _1\"></span>eRCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 50<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0S.p<span class=\"_ _2\"></span>.A.Cai<span class=\"_ _1\"></span>ro Ne<span class=\"_ _3\"></span>twork<span class=\"_ _1\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>. <span class=\"_ _e3\"> </span>M<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _19\"> </span><span class=\"fc1\">5<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>50<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _1\"></span>ro 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _284\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00Operatore di<span class=\"_ _16\"></span> re<span class=\"_ _3\"></span>te<span class=\"_ _24c\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _16\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.Cai<span class=\"_ _1\"></span>ro P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>shi<span class=\"_ _16\"></span>ng<span class=\"_ _2\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _20a\"> </span>M<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _168\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _283\"> </span><span class=\"fc0\">Euro</span></span>Cai<span class=\"_ _1\"></span>ro 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _284\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>In<span class=\"_ _1\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _16\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.Il<span class=\"_ _1\"></span> Trov<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>to<span class=\"_ _2\"></span>re <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _a7\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _168\"> </span><span class=\"fc1\">25<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _1\"></span>ro 80<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _9\"> </span>80<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Int<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>rnet <span class=\"_ _e\"> </span>Int<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gral<span class=\"_ _1\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Anabasi<span class=\"_ _1\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.<span class=\"_ _e7\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span> <span class=\"_ _249\"> </span>1<span class=\"_ _1\"></span>0.20<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _149\"> </span>Cai<span class=\"_ _16\"></span>ro Edi<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>re <span class=\"_ _3\"></span>S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _228\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>9<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>95<span class=\"_ _114\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> S.p.A.<span class=\"_ _152\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span> <span class=\"_ _1c5\"> </span><span class=\"fc1\">27<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Cai<span class=\"_ _1\"></span>ro 59<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>9<span class=\"_ _9\"> </span>59<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>69Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>In<span class=\"_ _1\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _16\"></span>eCo<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span> S.p<span class=\"_ _2\"></span>.A.My<span class=\"_ _1\"></span>Be<span class=\"_ _3\"></span>auty<span class=\"_ _1\"></span>Box<span class=\"_ _2\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _18c\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _168\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 90<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _9\"> </span>53<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>72Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _16\"></span>eS.p<span class=\"_ _2\"></span>.A.Bl<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>. <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>n l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>dazi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _e2\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _19\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.54<span class=\"_ _1\"></span>8.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _24c\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _10a\"> </span>Ro<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _2b\"> </span><span class=\"fc1\">1.0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _283\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _1\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span> S.p.A.<span class=\"_ _d5\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _19\"> </span><span class=\"fc1\">1.0<span class=\"_ _1\"></span>00<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _1\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>do<span class=\"_ _1\"></span>va S.p.A.<span class=\"_ _222\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _285\"> </span><span class=\"fc1\">50<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24c\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Co<span class=\"_ _2\"></span>nso<span class=\"_ _1\"></span>rzi<span class=\"_ _16\"></span>o Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _2\"></span> Mara<span class=\"_ _3\"></span>th<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S<span class=\"_ _2\"></span>.r.l<span class=\"_ _1\"></span>.<span class=\"_ _287\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _168\"> </span>20<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _19\"> </span>RCS<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Sp<span class=\"_ _1\"></span>ort S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _228\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69<span class=\"_ _206\"> </span><span class=\"fc0\">Servi<span class=\"_ _16\"></span>zi<span class=\"_ _288\"> </span>Int<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gral<span class=\"_ _1\"></span>e</span>RCS Sp<span class=\"_ _1\"></span>ort S<span class=\"_ _2\"></span>.p.A.<span class=\"_ _ab\"> </span>Mi<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _285\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69Serv<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _288\"> </span>Integral<span class=\"_ _16\"></span>eS.p<span class=\"_ _2\"></span>.A.So<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> Spo<span class=\"_ _1\"></span>rti<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>Di<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ttant<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> RCS Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _168\"> </span>10<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _19\"> </span>RCS<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Sp<span class=\"_ _1\"></span>ort S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _228\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _9\"> </span>5<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>69<span class=\"_ _206\"> </span><span class=\"fc0\">Servi<span class=\"_ _16\"></span>zi<span class=\"_ _288\"> </span>Int<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gral<span class=\"_ _1\"></span>e</span>Acti<span class=\"_ _1\"></span>ve Te<span class=\"_ _3\"></span>am a r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.Socie<span class=\"_ _6\"></span>t\u00e0<span class=\"_ _2f\"> </span>S<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>deCap<span class=\"_ _1\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _1\"></span>alu<span class=\"_ _2\"></span>taSocie<span class=\"_ _6\"></span>t\u00e0 % Par<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>c<span class=\"_ _3\"></span>ip.% Co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>olid.<span class=\"_ _147\"> </span>A<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>attivit\u00e0Cri<span class=\"_ _2\"></span>te<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>io di s<span class=\"_ _6\"></span>oc<span class=\"_ _3\"></span>ial<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> al pa<span class=\"_ _1\"></span>rte<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ipa<span class=\"_ _1\"></span>ntedir<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>ttaco<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>olida<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nto31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2RCS Sp<span class=\"_ _1\"></span>orts &amp; <span class=\"_ _3\"></span>Ev<span class=\"_ _2\"></span>ents S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _55\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _221\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>agro<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _164\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Di<span class=\"_ _1\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Factory<span class=\"_ _2\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _af\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _14a\"> </span><span class=\"fc1\">50<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>agro<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9Tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>vo<span class=\"_ _74\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Sfera <span class=\"_ _3\"></span>Servi<span class=\"_ _16\"></span>ce<span class=\"_ _3\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.<span class=\"_ _180\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _6b\"> </span><span class=\"fc1\">52<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>agro<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9Servi<span class=\"_ _16\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _63\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Tro<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>ol<span class=\"_ _16\"></span>avo<span class=\"_ _2\"></span>ro S<span class=\"_ _2\"></span>.r.l<span class=\"_ _2\"></span>.<span class=\"_ _1ad\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _14a\"> </span><span class=\"fc1\">67<span class=\"_ _1\"></span>4.41<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>agro<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _164\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.M-Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>buz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> Medi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> S.p.A.<span class=\"_ _14b\"> </span>Mi<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _285\"> </span><span class=\"fc1\">6.3<span class=\"_ _2\"></span>92<span class=\"_ _1\"></span>.72<span class=\"_ _2\"></span>7<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>aGro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9Di<span class=\"_ _1\"></span>stri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _228\"> </span>Integral<span class=\"_ _16\"></span>eS.p<span class=\"_ _2\"></span>.A.MDM M<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _2\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> Medi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _14a\"> </span><span class=\"fc1\">61<span class=\"_ _1\"></span>1.76<span class=\"_ _1\"></span>5<span class=\"_ _281\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>buz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 56<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1bf\"> </span>33<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>3Di<span class=\"_ _1\"></span>stri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _228\"> </span>Integral<span class=\"_ _16\"></span>eS.r.l<span class=\"_ _1\"></span>.Medi<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>S.p.A.P<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>eroni<span class=\"_ _16\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.<span class=\"_ _206\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _14a\"> </span><span class=\"fc1\">75<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>buz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 51<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1bf\"> </span>30<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>4Di<span class=\"_ _1\"></span>stri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _228\"> </span>Integral<span class=\"_ _16\"></span>eMedi<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>S.p.A.TO-di<span class=\"_ _16\"></span>s S.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.<span class=\"_ _e4\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _14a\"> </span><span class=\"fc1\">51<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>M-Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>buz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>9Di<span class=\"_ _1\"></span>stri<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _228\"> </span>Integral<span class=\"_ _16\"></span>eMedi<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>S.p.A.Em<span class=\"_ _1\"></span>ox<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _1be\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _6b\"> </span>10<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span>Euro<span class=\"_ _11\"> </span>Ec<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>oz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 5D S.L.<span class=\"_ _1f\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>41<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>8<span class=\"_ _15e\"> </span><span class=\"fc0\">Servi<span class=\"_ _16\"></span>zi<span class=\"_ _1bf\"> </span>Integral<span class=\"_ _1\"></span>e</span>Canal<span class=\"_ _1\"></span> Mun<span class=\"_ _1\"></span>do<span class=\"_ _2\"></span> Radi<span class=\"_ _1\"></span>o Catal<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> S.L.<span class=\"_ _148\"> </span>Barcel<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>na<span class=\"_ _228\"> </span>3.0<span class=\"_ _1\"></span>10<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _34\"> </span>Uni<span class=\"_ _1\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span> </span>99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>99<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8<span class=\"_ _284\"> </span><span class=\"fc0\">Radi<span class=\"_ _16\"></span>ofo<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>co<span class=\"_ _228\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>S.A.Corp<span class=\"_ _1\"></span>oraci<span class=\"_ _1\"></span>\u00f3n<span class=\"_ _2\"></span> Ra<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>of\u00f3<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> Madri<span class=\"_ _16\"></span>d<span class=\"_ _54\"> </span><span class=\"fc1\">9<span class=\"_ _2\"></span>00<span class=\"_ _1\"></span>.12<span class=\"_ _2\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Unedi<span class=\"_ _16\"></span>sa<span class=\"_ _3\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8Radi<span class=\"_ _16\"></span>ofo<span class=\"_ _2\"></span>ni<span class=\"_ _16\"></span>co<span class=\"_ _228\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eInfo<span class=\"_ _1\"></span>rmaci<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>y Depo<span class=\"_ _2\"></span>rte S.L.U.Com<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s S.L.U.Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>es <span class=\"_ _3\"></span>C\u00f3n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>S.A.<span class=\"_ _6d\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _54\"> </span>43<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>.72<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _1\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> </span>99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>40<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,3<span class=\"_ _1\"></span>3<span class=\"_ _10c\"> </span><span class=\"fc0\">Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>S.A.Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ervi<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>os Madri<span class=\"_ _16\"></span>d 20<span class=\"_ _1\"></span>00<span class=\"_ _2\"></span> S.L.U.<span class=\"_ _15d\"> </span>Madri<span class=\"_ _1\"></span>d<span class=\"_ _54\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>1.0<span class=\"_ _1\"></span>00<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eRevi<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tas <span class=\"_ _3\"></span>S.L.U.Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> Edi<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Lo<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> Val<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nci<span class=\"_ _1\"></span>a<span class=\"_ _1e\"> </span><span class=\"fc1\">1.7<span class=\"_ _1\"></span>32.3<span class=\"_ _1\"></span>45<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _34\"> </span>Uni<span class=\"_ _1\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span> </span></span>87<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>23<span class=\"_ _79\"> </span> <span class=\"_ _1a6\"> </span> <span class=\"_ _189\"> </span> S.L. S.A.Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> 11<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>22<span class=\"_ _1bf\"> </span>58<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>6Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eInfo<span class=\"_ _1\"></span>rmaci<span class=\"_ _1\"></span>\u00f2n<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>eneral<span class=\"_ _1\"></span> S.L.U.La Esfe<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>de l<span class=\"_ _1\"></span>os Li<span class=\"_ _1\"></span>bro<span class=\"_ _1\"></span>s <span class=\"_ _3\"></span>S.L.<span class=\"_ _114\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _221\"> </span>48<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>75<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1bf\"> </span>44<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>6<span class=\"_ _10c\"> </span><span class=\"fc0\">Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>S.A.Unedi<span class=\"_ _16\"></span>sa<span class=\"_ _3\"></span> Com<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>es <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _14a\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _54\"> </span>6<span class=\"_ _2\"></span>10<span class=\"_ _1\"></span>.000<span class=\"_ _283\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8<span class=\"_ _35\"> </span><span class=\"fc0\">Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>medi<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>e</span>S.A.Unedi<span class=\"_ _16\"></span>sa<span class=\"_ _3\"></span> Tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>es <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _1a\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _285\"> </span>1.10<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8<span class=\"_ _35\"> </span><span class=\"fc0\">Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>medi<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>e</span>S.A.Unedi<span class=\"_ _16\"></span>sa<span class=\"_ _3\"></span> Tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>es <span class=\"_ _3\"></span>de Val<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nci<span class=\"_ _1\"></span>a<span class=\"_ _164\"> </span><span class=\"fc1\">3.0<span class=\"_ _1\"></span>10<span class=\"_ _281\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Unedi<span class=\"_ _16\"></span>sa<span class=\"_ _3\"></span> 51<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>16<span class=\"_ _1bf\"> </span>30<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>3Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>eLevant<span class=\"_ _2\"></span>e S.L.Tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>com<span class=\"_ _1\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>ones S.L.U.Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> S.A.<span class=\"_ _16f\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _35\"> </span><span class=\"fc1\">12<span class=\"_ _1\"></span>5.89<span class=\"_ _1\"></span>6.89<span class=\"_ _1\"></span>8<span class=\"_ _281\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>agro<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>p 99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>99<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Uni<span class=\"_ _16\"></span>dad Li<span class=\"_ _16\"></span>beral<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Radi<span class=\"_ _1\"></span>o S<span class=\"_ _2\"></span>.L.<span class=\"_ _a3\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _221\"> </span>10<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _281\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _1\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span> </span>55<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1bf\"> </span>32<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>3<span class=\"_ _35\"> </span><span class=\"fc0\">Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e</span>S.A.Uni<span class=\"_ _16\"></span>dad d<span class=\"_ _2\"></span>e Medi<span class=\"_ _1\"></span>os Di<span class=\"_ _1\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>S.L.<span class=\"_ _14a\"> </span>Madri<span class=\"_ _1\"></span>d<span class=\"_ _74\"> </span>3.0<span class=\"_ _2\"></span>00<span class=\"_ _283\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>50<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1bf\"> </span>29<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>4<span class=\"_ _1f\"> </span><span class=\"fc0\">P<span class=\"_ _6\"></span>u<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>t\u00e1<span class=\"_ _164\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e</span>S.A.Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> Info<span class=\"_ _2\"></span>rm<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>\u00f2n<span class=\"_ _1\"></span> Madri<span class=\"_ _16\"></span>d<span class=\"_ _285\"> </span><span class=\"fc1\">4.42<span class=\"_ _1\"></span>3.04<span class=\"_ _1\"></span>3<span class=\"_ _281\"> </span><span class=\"fc0\">Euro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span></span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _1bf\"> </span>59<span class=\"_ _1\"></span>,6<span class=\"_ _1\"></span>8<span class=\"_ _35\"> </span><span class=\"fc0\">Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>medi<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>e</span>Deport<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>va <span class=\"_ _3\"></span>S.L.U.S.A.Socie<span class=\"_ _6\"></span>t\u00e0<span class=\"_ _1bb\"> </span>S<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>deCap<span class=\"_ _1\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _1\"></span>alu<span class=\"_ _2\"></span>taSocie<span class=\"_ _6\"></span>t\u00e0 % Par<span class=\"_ _1\"></span>te<span class=\"_ _6\"></span>cip.% Co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lid.Ar<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a d<span class=\"_ _2\"></span>i Cr<span class=\"_ _2\"></span>ite<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _6\"></span>oc<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> al<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>rte<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ipa<span class=\"_ _1\"></span>ntedir<span class=\"_ _1\"></span>e<span class=\"_ _6\"></span>ttaatti<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>it\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lida<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>nto31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Info<span class=\"_ _1\"></span>rmaci<span class=\"_ _1\"></span>\u00f2n<span class=\"_ _1\"></span> Mad<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _15d\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>02<span class=\"_ _2\"></span>.12<span class=\"_ _1\"></span>0<span class=\"_ _28a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span></span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>68<span class=\"_ _249\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>Econ<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>S.L.U.S.A.Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Fo<span class=\"_ _1\"></span>rmaci<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span> S.L.U.<span class=\"_ _28b\"> </span>Mad<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _9\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>69<span class=\"_ _1\"></span>3.00<span class=\"_ _1\"></span>0<span class=\"_ _28a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uned<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>sa 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>68Tel<span class=\"_ _1\"></span>evi<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vo<span class=\"_ _74\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>eTel<span class=\"_ _1\"></span>ec<span class=\"_ _3\"></span>om<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s S.L.U.Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Info<span class=\"_ _1\"></span>rmaci<span class=\"_ _1\"></span>\u00f2n<span class=\"_ _1\"></span> Mad<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _15d\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>02<span class=\"_ _2\"></span>.12<span class=\"_ _1\"></span>0<span class=\"_ _28a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span></span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>68<span class=\"_ _249\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>G<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>neral<span class=\"_ _1\"></span> S.L.U.S.A.Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Revi<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tas <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _222\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _9\"> </span>1.1<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>5.9<span class=\"_ _1\"></span>20<span class=\"_ _28c\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _24f\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>68<span class=\"_ _249\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>S.A.Ecom<span class=\"_ _1\"></span>oz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 5D S.L.<span class=\"_ _247\"> </span>Ba<span class=\"_ _3\"></span>rce<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _14a\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _28a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Sfera Edi<span class=\"_ _16\"></span>tores 70<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>4<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>78Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>eEsp<span class=\"_ _2\"></span>ana S.L.Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Sp<span class=\"_ _1\"></span>orts&amp;Ev<span class=\"_ _2\"></span>ents Mad<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _162\"> </span><span class=\"fc1\">6.00<span class=\"_ _1\"></span>0<span class=\"_ _28c\"> </span><span class=\"fc0\">Euro<span class=\"_ _28d\"> </span>Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> </span></span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>69<span class=\"_ _249\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Int<span class=\"_ _2\"></span>egral<span class=\"_ _1\"></span>e</span>S.L.US.A.Veo Tel<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.A.<span class=\"_ _b1\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _15d\"> </span>76<span class=\"_ _1\"></span>9.82<span class=\"_ _1\"></span>4<span class=\"_ _28c\"> </span><span class=\"fc0\">Euro<span class=\"_ _28d\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _2\"></span> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>68<span class=\"_ _1e\"> </span><span class=\"fc0\">Tel<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>vo<span class=\"_ _74\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>e</span>S.A.Sfera Edi<span class=\"_ _16\"></span>tores Espana S.L.<span class=\"_ _110\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>a<span class=\"_ _14a\"> </span><span class=\"fc1\">17<span class=\"_ _1\"></span>4.0<span class=\"_ _2\"></span>00<span class=\"_ _28b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS M<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>69Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.Sfera Edi<span class=\"_ _16\"></span>tores Mexi<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o S<span class=\"_ _2\"></span>.A.Co<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> 11<span class=\"_ _1\"></span>.28<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0MX<span class=\"_ _1\"></span>NRCS M<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 99<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>99<span class=\"_ _1\"></span>9Anz<span class=\"_ _1\"></span>uresS.p<span class=\"_ _2\"></span>.A.59<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>69Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>/Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>iInt<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>gral<span class=\"_ _1\"></span>eSfera Servi<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> Srl<span class=\"_ _d5\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>01</span>Sfera France <span class=\"_ _3\"></span>SAS <span class=\"_ _a7\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>gi<span class=\"_ _222\"> </span><span class=\"fc1\">24<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _28a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Sfera Edi<span class=\"_ _16\"></span>tores 66<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>70<span class=\"_ _110\"> </span>3<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>81Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>eEsp<span class=\"_ _2\"></span>ana S.L.Hot<span class=\"_ _2\"></span>el<span class=\"_ _1\"></span>yo<span class=\"_ _2\"></span> S.A.<span class=\"_ _28e\"> </span>Ch<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>ass<span class=\"_ _3\"></span>o<span class=\"_ _15d\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _287\"> </span><span class=\"fc0\">CHF</span></span>RCS M<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>69Di<span class=\"_ _1\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _164\"> </span>Integ<span class=\"_ _2\"></span>ral<span class=\"_ _1\"></span>eS.p<span class=\"_ _2\"></span>.A.RCS S<span class=\"_ _2\"></span>po<span class=\"_ _1\"></span>rts a<span class=\"_ _3\"></span>nd<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Ev<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nts DMCC<span class=\"_ _6a\"> </span>Dub<span class=\"_ _2\"></span>ai<span class=\"_ _118\"> </span><span class=\"fc1\">20<span class=\"_ _2\"></span>.07<span class=\"_ _1\"></span>7<span class=\"_ _28c\"> </span><span class=\"fc0\">Euro</span></span>RCS S<span class=\"_ _2\"></span>po<span class=\"_ _1\"></span>rts &amp;<span class=\"_ _3\"></span> 10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _16\"></span>69Serv<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _63\"> </span>Integ<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>eEv<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>nts S.r.l<span class=\"_ _1\"></span>.Societ\u00e0 consolidate<span class=\"_ _3\"></span> con il metodo del Patrimonio<span class=\"_ _3\"></span> Netto Socie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _80\"> </span>Se<span class=\"_ _6\"></span>deCap<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>le<span class=\"_ _6\"></span> V<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>utaSocie<span class=\"_ _14\"></span>t\u00e0<span class=\"_ _1\"></span> % Ar<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a di<span class=\"_ _1\"></span> Cr<span class=\"_ _2\"></span>ite<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>le<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _14\"></span>cipa<span class=\"_ _1\"></span>ntePa<span class=\"_ _1\"></span>rte<span class=\"_ _6\"></span>cip.a<span class=\"_ _2\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>nto3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2di<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ttaQui<span class=\"_ _0\"></span>bee <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _8b\"> </span><span class=\"fc1\">Tori<span class=\"_ _0\"></span>no<span class=\"_ _287\"> </span>15<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>3<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS M<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>agro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 3<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _288\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o NettoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>rz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o C.S.E.D.I.<span class=\"_ _23\"> </span>Mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _19\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>.29<span class=\"_ _1\"></span>1<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>M-Di<span class=\"_ _16\"></span>s D<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e 2<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _288\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>o Ne<span class=\"_ _3\"></span>ttoMed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> S.p.A.P<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>eron<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> Di<span class=\"_ _1\"></span>stri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _288\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>o Ne<span class=\"_ _3\"></span>ttoS.r.l<span class=\"_ _16\"></span>.Li<span class=\"_ _16\"></span>g<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> press <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>. <span class=\"_ _2d\"> </span>G<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _281\"> </span><span class=\"fc1\">24<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>M-Di<span class=\"_ _16\"></span>s D<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e 4<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _288\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>o Ne<span class=\"_ _3\"></span>ttoMed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> S.p.A.G<span class=\"_ _1\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> Servi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _1a0\"> </span>M<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _19\"> </span><span class=\"fc1\">7<span class=\"_ _1\"></span>89<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>4<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>4<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>M-Di<span class=\"_ _16\"></span>s D<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>b<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e 2<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Di<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _288\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>o Ne<span class=\"_ _3\"></span>ttoMed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> S.p.A.Co<span class=\"_ _2\"></span>rp<span class=\"_ _1\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Bermo<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t S.L.<span class=\"_ _204\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _1c7\"> </span>2<span class=\"_ _1\"></span>1.00<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>.10<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Euro<span class=\"_ _284\"> </span>Uni<span class=\"_ _16\"></span>d<span class=\"_ _2\"></span>ad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> </span>3<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Stam<span class=\"_ _1\"></span>pa<span class=\"_ _288\"> </span>P<span class=\"_ _3\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>o Ne<span class=\"_ _3\"></span>tto</span>S.A.Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Catal<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>S.A.<span class=\"_ _78\"> </span>Ba<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _28a\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.10<span class=\"_ _1\"></span>1<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _1\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _288\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o NettoBerm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t S.L.Berm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Im<span class=\"_ _1\"></span>presi<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.L.<span class=\"_ _eb\"> </span>M<span class=\"_ _2\"></span>adri<span class=\"_ _16\"></span>d<span class=\"_ _19\"> </span><span class=\"fc1\">3<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>85<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _1\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _288\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o NettoBerm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t S.L.Cal<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>nt S<span class=\"_ _2\"></span>.L. <span class=\"_ _f7\"> </span>Va<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _36\"> </span><span class=\"fc1\">1.8<span class=\"_ _1\"></span>56<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _1\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> 3<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>8St<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _288\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o NettoBerm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t S.L.Escuel<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> de Coci<span class=\"_ _16\"></span>na Te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>va S.L.<span class=\"_ _67\"> </span>Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _28b\"> </span><span class=\"fc1\">61<span class=\"_ _1\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Euro</span></span>Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span> C\u00f3n<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span> 5<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0Fo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _169\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o NettoS.A.Soc<span class=\"_ _3\"></span>ie<span class=\"_ _6\"></span>t\u00e0<span class=\"_ _80\"> </span>Se<span class=\"_ _6\"></span>deCap<span class=\"_ _1\"></span>ital<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> V<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>taSoc<span class=\"_ _3\"></span>ie<span class=\"_ _6\"></span>t\u00e0 p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _14\"></span>ci-% Par<span class=\"_ _16\"></span>te<span class=\"_ _14\"></span>cip.Ar<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a di<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>ite<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>di s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>ciale<span class=\"_ _6\"></span> al<span class=\"_ _2\"></span> pa<span class=\"_ _1\"></span>ntedi<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ttaa<span class=\"_ _2\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>li-3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2da<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>ntoLagar S.A.<span class=\"_ _215\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _1a\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>50<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>25<span class=\"_ _1\"></span>3<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 6<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Bermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>aP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt Im<span class=\"_ _1\"></span>presi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 4<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00S.L.Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d De<span class=\"_ _3\"></span>po<span class=\"_ _1\"></span>rtes<span class=\"_ _3\"></span> y Esp<span class=\"_ _2\"></span>ec<span class=\"_ _3\"></span>t\u00e1c<span class=\"_ _3\"></span>ul<span class=\"_ _16\"></span>os Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _1a\"> </span><span class=\"fc1\">6<span class=\"_ _1\"></span>00<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uni<span class=\"_ _16\"></span>d<span class=\"_ _2\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> 3<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span>med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>o NettoS.A. <span class=\"_ _3\"></span>(i<span class=\"_ _16\"></span>n l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>qu<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>daz<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>)In<span class=\"_ _2\"></span>fo<span class=\"_ _2\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>\u00f2n<span class=\"_ _1\"></span> De<span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _16\"></span>va S.L.U.Ne<span class=\"_ _3\"></span>wspri<span class=\"_ _16\"></span>nt<span class=\"_ _2\"></span> Imp<span class=\"_ _1\"></span>re<span class=\"_ _3\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> D<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>S.L.<span class=\"_ _15e\"> </span>Ten<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>fe<span class=\"_ _210\"> </span>9<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span>Euro<span class=\"_ _290\"> </span>TF<span class=\"_ _2\"></span> P<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>nt S.A.<span class=\"_ _221\"> </span>50<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">S<span class=\"_ _2\"></span>tam<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>tto</span>Di<span class=\"_ _1\"></span>stri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Al<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>das <span class=\"_ _3\"></span>S.A<span class=\"_ _16f\"> </span>Sev<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _210\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.20<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> Dos 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoHe<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nas <span class=\"_ _3\"></span>S.L.U.G<span class=\"_ _1\"></span>ra<span class=\"_ _3\"></span>fi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>nd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> S.L.<span class=\"_ _27\"> </span>M<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>dri<span class=\"_ _16\"></span>d<span class=\"_ _1d\"> </span><span class=\"fc1\">6.01<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Om<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>pri<span class=\"_ _16\"></span>nt S<span class=\"_ _2\"></span>.A.San<span class=\"_ _2\"></span>ta Mari<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span> 2<span class=\"_ _2\"></span>.79<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0Eu<span class=\"_ _1\"></span>roCo<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttod<span class=\"_ _2\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>CamiBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Radi<span class=\"_ _16\"></span>o Sal<span class=\"_ _16\"></span>ud<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>S.A.<span class=\"_ _2d\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _1a\"> </span><span class=\"fc1\">20<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.78<span class=\"_ _1\"></span>2<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Uned<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>a 3<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Radi<span class=\"_ _16\"></span>ofo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>co<span class=\"_ _1c8\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoCo<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s S.L.U.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> Dos He<span class=\"_ _3\"></span>rman<span class=\"_ _2\"></span>as <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _69\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _e\"> </span><span class=\"fc1\">2.05<span class=\"_ _1\"></span>2.3<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> G<span class=\"_ _1\"></span>\u00fci<span class=\"_ _16\"></span>mar S.L.U.<span class=\"_ _eb\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _e\"> </span><span class=\"fc1\">1.36<span class=\"_ _1\"></span>5.1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> Imp<span class=\"_ _1\"></span>res<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>\u00f2<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> S.L.U.<span class=\"_ _204\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _1d\"> </span><span class=\"fc1\">3.01<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> P<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span> S.L.U<span class=\"_ _3\"></span>.<span class=\"_ _1f7\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _e\"> </span><span class=\"fc1\">3.65<span class=\"_ _1\"></span>2.2<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> R\u00e1<span class=\"_ _3\"></span>bad<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _18e\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _e\"> </span><span class=\"fc1\">1.5<span class=\"_ _1\"></span>50<span class=\"_ _2\"></span>.01<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span> Sagu<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span> S.L.U<span class=\"_ _3\"></span>.<span class=\"_ _b1\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>d<span class=\"_ _e\"> </span><span class=\"fc1\">2.28<span class=\"_ _1\"></span>1.9<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.TF<span class=\"_ _2\"></span> P<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>nt S.A.San<span class=\"_ _2\"></span>ta Cruz<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>de 1<span class=\"_ _2\"></span>.38<span class=\"_ _1\"></span>2.32<span class=\"_ _1\"></span>8Eu<span class=\"_ _1\"></span>roCo<span class=\"_ _2\"></span>rp<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 7<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00St<span class=\"_ _2\"></span>amp<span class=\"_ _1\"></span>a<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Ne<span class=\"_ _3\"></span>ttoTeneri<span class=\"_ _16\"></span>feBermo<span class=\"_ _1\"></span>nt S<span class=\"_ _2\"></span>.L.Bermo<span class=\"_ _1\"></span>nt Im<span class=\"_ _1\"></span>presi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> 2<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00S.L.Uni<span class=\"_ _16\"></span>d<span class=\"_ _2\"></span>ad Li<span class=\"_ _16\"></span>bera<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>Ra<span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o Madri<span class=\"_ _16\"></span>d<span class=\"_ _2\"></span> S.L.<span class=\"_ _63\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _212\"> </span>10<span class=\"_ _1\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Euro<span class=\"_ _283\"> </span>Uni<span class=\"_ _16\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>4<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00<span class=\"_ _e\"> </span><span class=\"fc0\">Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1d1\"> </span>P<span class=\"_ _6\"></span>atri<span class=\"_ _16\"></span>mo<span class=\"_ _1\"></span>ni<span class=\"_ _16\"></span>o Netto</span>S.A.Li<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>S.A.<span class=\"_ _110\"> </span>5<span class=\"_ _1\"></span>5,<span class=\"_ _1\"></span>00In<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>zi<span class=\"_ _16\"></span>ati<span class=\"_ _1\"></span>va Imm<span class=\"_ _16\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Due S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _1fd\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _35\"> </span>5<span class=\"_ _1\"></span>00<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _149\"> </span>Ini<span class=\"_ _16\"></span>mm<span class=\"_ _1\"></span> Due S.\u00e0<span class=\"_ _3\"></span>.r.<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>.<span class=\"_ _14a\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _291\"> </span><span class=\"fc0\">Im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>re<span class=\"_ _27f\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> Ne<span class=\"_ _3\"></span>tto</span>In<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>mm<span class=\"_ _1\"></span> D<span class=\"_ _3\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.\u00e0.<span class=\"_ _3\"></span>r.l<span class=\"_ _1\"></span>.<span class=\"_ _7a\"> </span>Lussemb<span class=\"_ _1\"></span>urg<span class=\"_ _1\"></span>o<span class=\"_ _1a\"> </span><span class=\"fc1\">2<span class=\"_ _1\"></span>40<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>95<span class=\"_ _1\"></span>0<span class=\"_ _168\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span> 2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>re<span class=\"_ _27f\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> Ne<span class=\"_ _3\"></span>ttoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Partecipazioni <span class=\"ls7e\">in</span> altre impr<span class=\"_ _2\"></span>ese Soc<span class=\"_ _3\"></span>ie<span class=\"_ _6\"></span>t\u00e0<span class=\"_ _292\"> </span>Se<span class=\"_ _6\"></span>deCap<span class=\"_ _1\"></span>ital<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span> V<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>utaSoc<span class=\"_ _3\"></span>ie<span class=\"_ _6\"></span>t\u00e0 pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _14\"></span>-% Ar<span class=\"_ _2\"></span>e<span class=\"_ _6\"></span>a di<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>ite<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>di s<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>le<span class=\"_ _14\"></span> al<span class=\"_ _2\"></span> cipa<span class=\"_ _1\"></span>ntePa<span class=\"_ _1\"></span>rte<span class=\"_ _6\"></span>cip.a<span class=\"_ _2\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _6\"></span>o<span class=\"_ _3\"></span>li-3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/12<span class=\"_ _3\"></span>/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2di<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>ttada<span class=\"_ _1\"></span>me<span class=\"_ _6\"></span>ntoAud<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>tel<span class=\"_ _1\"></span> S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _7c\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _293\"> </span>3<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro<span class=\"_ _164\"> </span>La<span class=\"_ _3\"></span> 7 S.p<span class=\"_ _2\"></span>.A<span class=\"_ _118\"> </span>3,<span class=\"_ _1\"></span>33<span class=\"_ _212\"> </span>Tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>vo<span class=\"_ _1d\"> </span>Cost<span class=\"_ _2\"></span>o</span>Ansa So<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _3\"></span>Co<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>era<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>va<span class=\"_ _ad\"> </span>Ro<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _1c8\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>0.7<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>.36<span class=\"_ _1\"></span>2<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>38Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>stoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Cefri<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>S.c.<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _68\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _36\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.17<span class=\"_ _1\"></span>3.39<span class=\"_ _1\"></span>3<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>46Ri<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rca<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>sorz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Ital<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>na<span class=\"_ _d7\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _287\"> </span><span class=\"fc1\">6<span class=\"_ _1\"></span>0.00<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>67Di<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>sul<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>t S.c.<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>n l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>dazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _7e\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _287\"> </span><span class=\"fc1\">20<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>55Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>stoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.H-Farm<span class=\"_ _2\"></span> S.p.A.<span class=\"_ _a8\"> </span>Ro<span class=\"_ _1\"></span>nca<span class=\"_ _3\"></span>de (TV)<span class=\"_ _1c7\"> </span><span class=\"fc1\">12<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>86<span class=\"_ _1\"></span>7.2<span class=\"_ _1\"></span>31<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p 0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>52Serv<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>zi<span class=\"_ _1e\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>AIm<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>orn<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _247\"> </span>Rom<span class=\"_ _1\"></span>a<span class=\"_ _283\"> </span><span class=\"fc1\">83<span class=\"_ _1\"></span>0.4<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>2<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p 7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>49Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>stoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>AItal<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>Ca<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>p S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _8b\"> </span>Rom<span class=\"_ _16\"></span>a<span class=\"_ _28c\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p 2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>91Serv<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>zi<span class=\"_ _1e\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>AMach 2 Li<span class=\"_ _0\"></span>bri<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>. <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>azi<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _14f\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _293\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>6<span class=\"_ _2\"></span>.25<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p 1<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>09Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>stoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>ADi<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Mag<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>S.p.A.<span class=\"_ _246\"> </span>Mi<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>ano<span class=\"_ _294\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.42<span class=\"_ _1\"></span>8.4<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>7<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>27Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Mp<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>nce <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span>.<span class=\"_ _73\"> </span>Rom<span class=\"_ _1\"></span>a<span class=\"_ _28c\"> </span><span class=\"fc1\">31<span class=\"_ _1\"></span>.85<span class=\"_ _2\"></span>6<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>68Di<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Fan<span class=\"_ _2\"></span>taki<span class=\"_ _0\"></span>ng<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Interac<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>ve S.r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _91\"> </span>Bresc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _28c\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Di<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Bu<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>y<span class=\"_ _2\"></span>fi<span class=\"_ _16\"></span>t S.r.<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _8b\"> </span>G<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>va<span class=\"_ _28b\"> </span><span class=\"fc1\">28<span class=\"_ _1\"></span>.39<span class=\"_ _1\"></span>6<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.Cai<span class=\"_ _1\"></span>ro 2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Mu<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ti<span class=\"_ _16\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span>eCo<span class=\"_ _2\"></span>stoCo<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>mu<span class=\"_ _1\"></span>ni<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span> S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span> P<span class=\"_ _6\"></span>u<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>sher Ne<span class=\"_ _3\"></span>twork<span class=\"_ _1\"></span> Mi<span class=\"_ _16\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _287\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>9.42<span class=\"_ _1\"></span>6<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 2<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>51P<span class=\"_ _3\"></span>ub<span class=\"_ _1\"></span>bl<span class=\"_ _16\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1f\"> </span>Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>to(Co<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>sorz<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>o)S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.G<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rg<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>o G<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rg<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>S.r.l<span class=\"_ _1\"></span> .<span class=\"_ _3\"></span>  <span class=\"_ _18c\"> </span>Ca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _1\"></span> (FI)<span class=\"_ _288\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _1\"></span>0.0<span class=\"_ _1\"></span>00<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>M-Di<span class=\"_ _16\"></span>s <span class=\"_ _3\"></span>Di<span class=\"_ _1\"></span>stri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e 5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Di<span class=\"_ _1\"></span>stri<span class=\"_ _16\"></span>bu<span class=\"_ _1\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoMed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> S.p.A.Cro<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s P<span class=\"_ _6\"></span>ro<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>cc<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span> Mu<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span> Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _290\"> </span><span class=\"fc1\">3<span class=\"_ _2\"></span>.01<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro</span></span>Li<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>stoS.L.U.Tel<span class=\"_ _1\"></span>evi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> S.A.\u00c1bsi<span class=\"_ _16\"></span>de Medi<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>S.L.<span class=\"_ _25f\"> </span>M<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>dri<span class=\"_ _16\"></span>d<span class=\"_ _294\"> </span>19<span class=\"_ _1\"></span>.41<span class=\"_ _1\"></span>4.99<span class=\"_ _1\"></span>2<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro<span class=\"_ _284\"> </span>Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>02<span class=\"_ _288\"> </span><span class=\"fc0\">M<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Costo</span>S.A.Di<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>t Si<span class=\"_ _16\"></span>s <span class=\"_ _3\"></span>S.L.<span class=\"_ _93\"> </span>Barc<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _10c\"> </span>3.20<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span>Euro<span class=\"_ _148\"> </span>Ra<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span> Sal<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> S.A.<span class=\"_ _222\"> </span>2<span class=\"_ _1\"></span>5,<span class=\"_ _16\"></span>00<span class=\"_ _234\"> </span><span class=\"fc0\">Ra<span class=\"_ _3\"></span>di<span class=\"_ _16\"></span>o<span class=\"_ _2\"></span>fo<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _14b\"> </span>Co<span class=\"_ _2\"></span>sto</span>Li<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> S.A.<span class=\"_ _46\"> </span>Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _36\"> </span>4.7<span class=\"_ _1\"></span>63<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>26<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span><span class=\"fc0\">Euro<span class=\"_ _284\"> </span>Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Edi<span class=\"_ _0\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>16<span class=\"_ _288\"> </span><span class=\"fc0\">M<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Costo</span>S.A.Li<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> P<span class=\"_ _6\"></span>u<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>dad y<span class=\"_ _1\"></span> Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _290\"> </span>3<span class=\"_ _2\"></span>.01<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span>Euro<span class=\"_ _10\"> </span>Li<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> S.A.<span class=\"_ _9\"> </span>10<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>00<span class=\"_ _28b\"> </span><span class=\"fc0\">P<span class=\"_ _6\"></span>u<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1f\"> </span>Co<span class=\"_ _2\"></span>sto</span>Mark<span class=\"_ _2\"></span>eti<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span> S.L.ULi<span class=\"_ _16\"></span>bertad Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> Te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> S.A.<span class=\"_ _247\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _293\"> </span>77<span class=\"_ _1\"></span>5.80<span class=\"_ _1\"></span>0<span class=\"_ _15d\"> </span>Euro<span class=\"_ _280\"> </span>Li<span class=\"_ _1\"></span>b<span class=\"_ _2\"></span>erta<span class=\"_ _3\"></span>d Di<span class=\"_ _16\"></span>gi<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span> S.A.<span class=\"_ _222\"> </span>9<span class=\"_ _1\"></span>9,<span class=\"_ _16\"></span>66<span class=\"_ _212\"> </span><span class=\"fc0\">Te<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _16\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>o<span class=\"_ _14b\"> </span>Co<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>to</span>Med<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>os de Azahar S.A.<span class=\"_ _a6\"> </span>Ca<span class=\"_ _3\"></span>ste<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>on<span class=\"_ _293\"> </span><span class=\"fc1\">82<span class=\"_ _1\"></span>5.5<span class=\"_ _1\"></span>00<span class=\"_ _15d\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uni<span class=\"_ _0\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> 6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>12Serv<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>zi<span class=\"_ _1e\"> </span>CostoEd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Lo<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>es<span class=\"_ _3\"></span>,<span class=\"_ _1\"></span> S.LNuev<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> MarketP<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.L.<span class=\"_ _e0\"> </span>Madri<span class=\"_ _16\"></span>d<span class=\"_ _36\"> </span>4<span class=\"_ _2\"></span>.87<span class=\"_ _1\"></span>6.8<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>8<span class=\"_ _14a\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _284\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>10<span class=\"_ _288\"> </span><span class=\"fc0\">M<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>Costo</span>S.A.P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> del<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>Hi<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>o S.A.<span class=\"_ _1da\"> </span>Mad<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>d<span class=\"_ _19\"> </span>18<span class=\"_ _1\"></span>5.7<span class=\"_ _1\"></span>42<span class=\"_ _15d\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _295\"> </span>Uni<span class=\"_ _0\"></span>dad Ed<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> 8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>53<span class=\"_ _288\"> </span>M<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.A.Wo<span class=\"_ _1\"></span>uz<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Medi<span class=\"_ _16\"></span>a <span class=\"_ _3\"></span>S:<span class=\"_ _16\"></span>L<span class=\"_ _df\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _28b\"> </span>1<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>.07<span class=\"_ _1\"></span>5<span class=\"_ _15d\"> </span>Euro<span class=\"_ _284\"> </span>Uni<span class=\"_ _16\"></span>dad<span class=\"_ _2\"></span> Ed<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tori<span class=\"_ _16\"></span>al<span class=\"_ _1\"></span> 1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00<span class=\"_ _288\"> </span>M<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>l<span class=\"_ _16\"></span>ti<span class=\"_ _16\"></span>medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.A.Yoo<span class=\"_ _1\"></span>deal<span class=\"_ _1\"></span> Ltd<span class=\"_ _3e\"> </span>Cro<span class=\"_ _2\"></span>wbo<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>gh<span class=\"_ _293\"> </span>1<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _25e\"> </span>G<span class=\"_ _1\"></span>BPRCS Med<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span> 2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00Di<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>e<span class=\"_ _1f\"> </span>CostoS.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCompositionOfGroupExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1866-2": {
   "value": "Informazioni <span class=\"lsb\">ai</span> <span class=\"_ _16\"></span>s<span class=\"_ _3\"></span>ensi <span class=\"ff2e\">dell\u2019art.</span> <span class=\"_ _0\"></span><span class=\"lsb\">149<span class=\"ls0\">-duodecies del </span></span>Regolamento Emittenti Conso<span class=\"_ _3\"></span>b<span class=\"_ _3\"></span> App<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>dic<span class=\"_ _2\"></span>e Il <span class=\"_ _280\"> </span>seguen<span class=\"_ _3\"></span>te <span class=\"_ _280\"> </span>prosp<span class=\"_ _3\"></span>etto, <span class=\"_ _280\"> </span>redatto <span class=\"_ _10\"> </span>ai <span class=\"_ _280\"> </span>sensi <span class=\"_ _10\"> </span>dell\u2019<span class=\"_ _3\"></span>art. <span class=\"_ _280\"> </span>14<span class=\"_ _3\"></span>9-<span class=\"ff31\">duodecies <span class=\"_ _280\"> </span></span>d<span class=\"_ _3\"></span>el <span class=\"_ _280\"> </span>Rego<span class=\"_ _3\"></span>lamento <span class=\"_ _280\"> </span>Emittenti <span class=\"_ _10\"> </span>CONSOB, <span class=\"_ _10\"> </span>evidenzia <span class=\"_ _10\"> </span>i corrispettivi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>competenza <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>corrente <span class=\"_ _6\"></span>esercizio <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>di <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>evisione <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>per <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>uelli <span class=\"_ _6\"></span>diversi <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>alla <span class=\"_ _6\"></span>revisione <span class=\"_ _6\"></span>resi <span class=\"_ _6\"></span>dalla<span class=\"_ _6\"></span> stessa societ\u00e0 di rev<span class=\"_ _3\"></span>isione. (Va<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)<span class=\"_ _219\"> </span><span class=\"ff2d\">Sog<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>tto<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>che<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>ha<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _6\"></span>rog<span class=\"_ _3\"></span>ato il</span>Co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>is<span class=\"_ _6\"></span>pe<span class=\"_ _6\"></span>ttiv<span class=\"_ _3\"></span>i di<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>te<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>as<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>iode<span class=\"_ _6\"></span>ll\u2019e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>ioRe<span class=\"_ _14\"></span>vis<span class=\"_ _6\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>ileCapo<span class=\"_ _1\"></span>gru<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ro Co<span class=\"_ _1\"></span>mm<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _58\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>he S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _213\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _2b8\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _2ae\"> </span>0,<span class=\"_ _16\"></span>2Se<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>di<span class=\"_ _2\"></span> atte<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>taz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>(*<span class=\"_ _3\"></span>)Capo<span class=\"_ _1\"></span>gru<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ro Co<span class=\"_ _1\"></span>mm<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _58\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>he S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _213\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _2b8\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _2ae\"> </span>0,<span class=\"_ _16\"></span>0Altr<span class=\"_ _1\"></span>i s<span class=\"_ _14\"></span>e<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>i (*<span class=\"_ _3\"></span>)Capo<span class=\"_ _1\"></span>gru<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>ro Co<span class=\"_ _1\"></span>mm<span class=\"_ _16\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span> S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(*<span class=\"_ _2\"></span>)<span class=\"_ _1ad\"> </span>D<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>oi<span class=\"_ _0\"></span>tte &amp;<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.<span class=\"_ _2ae\"> </span>0,<span class=\"_ _1\"></span>0So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _2b8\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _2\"></span>.A.<span class=\"_ _2ae\"> </span>0,<span class=\"_ _16\"></span>0To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _2b9\"> </span>0<span class=\"_ _3\"></span>,3(*) I servizi di a<span class=\"_ _2\"></span>ttestazione si r<span class=\"_ _2\"></span>iferiscono alla D<span class=\"_ _2\"></span>ichiarazione <span class=\"_ _2\"></span>Consolidata de<span class=\"_ _2\"></span>i Dati Non Fin<span class=\"_ _2\"></span>anziari (18 mi<span class=\"_ _2\"></span>la euro). I <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>revisione <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>serv<span class=\"_ _3\"></span>izi diver<span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>revisione <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>MediaGrou<span class=\"_ _3\"></span>p <span class=\"_ _3\"></span>e le <span class=\"_ _3\"></span>su<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>controllate <span class=\"_ _3\"></span>sono<span class=\"_ _3\"></span> resi <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>so<span class=\"_ _3\"></span>ciet\u00e0 di revisione <span class=\"_ _3\"></span>Deloitte &amp; Touche S.p.A,<span class=\"_ _3\"></span> come esposti nella tab<span class=\"_ _3\"></span>ella seguente:<span class=\"_ _6\"></span> (*)I <span class=\"_ _14\"></span>serviz<span class=\"_ _3\"></span>i <span class=\"_ _7\"></span><span class=\"lsf\">di</span> <span class=\"_ _7\"></span>attestazione <span class=\"_ _14\"></span><span class=\"ls83\">si</span> <span class=\"_ _7\"> </span>riferiscono <span class=\"_ _14\"></span>alla <span class=\"_ _7\"> </span>Dichiarazione <span class=\"_ _14\"></span>Consolidata <span class=\"_ _14\"></span>dei <span class=\"_ _7\"></span>Dati <span class=\"_ _7\"></span>Non <span class=\"_ _14\"></span>Finanziari <span class=\"_ _7\"></span><span class=\"lsd\">(3</span>7 <span class=\"_ _7\"> </span>mila <span class=\"_ _7\"></span>euro). Gli <span class=\"_ _7\"> </span>altri <span class=\"_ _7\"> </span>servizi <span class=\"_ _14\"></span><span class=\"ls83\">si</span> <span class=\"_ _280\"> </span>riferiscono principalmente a <span class=\"_ _2\"></span>consulenze in<span class=\"_ _2\"></span> alcune socie<span class=\"_ _2\"></span>t\u00e0 spagnole.(Va<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>ori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>n m<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro)<span class=\"_ _298\"> </span><span class=\"ff2d\">S<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _14\"></span>tto<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>he<span class=\"_ _6\"></span> ha<span class=\"_ _2\"></span> e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ato <span class=\"_ _3\"></span>il</span>Co<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>is<span class=\"_ _6\"></span>pe<span class=\"_ _6\"></span>ttiv<span class=\"_ _3\"></span>i di<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>e<span class=\"_ _14\"></span>te<span class=\"_ _14\"></span>n<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>as<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>iode<span class=\"_ _6\"></span>ll\u2019e<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _14\"></span>r<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>ioRe<span class=\"_ _14\"></span>vis<span class=\"_ _6\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _6\"></span>n<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>ileRCS<span class=\"_ _2\"></span> Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p S<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>p.A.<span class=\"_ _2b3\"> </span>D<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>oi<span class=\"_ _0\"></span>tte &amp;<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.<span class=\"_ _2ae\"> </span>0<span class=\"_ _1\"></span>,4So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>i<span class=\"_ _16\"></span>tal<span class=\"_ _1\"></span>i<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>ne<span class=\"_ _23e\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _16\"></span>tte &amp;<span class=\"_ _3\"></span> To<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>c<span class=\"_ _3\"></span>he S.p.A.<span class=\"_ _2ae\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _2ac\"> </span>0,<span class=\"_ _16\"></span>4Se<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>di<span class=\"_ _2\"></span> atte<span class=\"_ _6\"></span>s<span class=\"_ _6\"></span>taz<span class=\"_ _16\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _6\"></span> <span class=\"_ _3\"></span>(*<span class=\"_ _3\"></span>)So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>tal<span class=\"_ _16\"></span>i<span class=\"_ _1\"></span>ane<span class=\"_ _275\"> </span>Del<span class=\"_ _1\"></span>oi<span class=\"_ _0\"></span>tte &amp;<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.<span class=\"_ _2ae\"> </span>0<span class=\"_ _1\"></span>,0So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _2ac\"> </span>0,<span class=\"_ _16\"></span>0Altr<span class=\"_ _1\"></span>i s<span class=\"_ _14\"></span>e<span class=\"_ _6\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>i (*<span class=\"_ _3\"></span>)RCS<span class=\"_ _2\"></span> Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>rou<span class=\"_ _1\"></span>p S<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>p.A.<span class=\"_ _2b3\"> </span>D<span class=\"_ _3\"></span>el<span class=\"_ _1\"></span>oi<span class=\"_ _0\"></span>tte &amp;<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>uch<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>A.<span class=\"_ _28f\"> </span>-So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _16\"></span>a<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _16\"></span>oi<span class=\"_ _0\"></span>tte <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _20\"> </span>-To<span class=\"_ _3\"></span>ta<span class=\"_ _2\"></span>le<span class=\"_ _2bb\"> </span>1<span class=\"_ _3\"></span>,0",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}